Full text of Treasury Bulletin : March 1966
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1966
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U. S. Government Printing Office, Washington D.C. 20402
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March 1966
Table
of
Contents
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
Monetary statistics
23
Debt outstanding
24
Statutory debt limitation
29
Public debt operations
30
United States savings bonds
66
Ownership of Federal securities
Treasury survey of ownership of Federal
70
•4.
securities
•
72
'
Market quotations on Treasury securities
76
Average yields of long-term bonds
79
International financial statistics
81
rtr
Capital movements
Cumulative table of contents
110
3
Treasury Bulletin
II
Reporting Bases
Data on receipts, expenditures,
and debt which appear
in the "Treasury Bulletin" are based largely on two Treasury
financial reports, the "Dally Statement of the United States
Treasury" and the "Monthly Statement of Receipts and Ex-
penditures of the United States Government."
Certain mone-
tary 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 i960, the monthly statement reports totals for net
budget receipts and budget expenditures after deduction
of certain lnterfund transactions which are Included In
the detail of both budget receipts and budget expenditures.
The transactions deducted consist of Interest payments and
deeorlbed 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 18, i960. It does not affect the surplus
The monthly statement of receipts and expenditures
wad first published for February 195*+, and replaced the
dally statement as the primary source of Information on
This reporting change was made In
agencies to the Treasury.
or deficit.
Figures for earlier periods shown In the Treas-
ury Bulletin were revised to the new reporting basis In the
budget results and other receipt and expenditure data
classified by type of account. At the same time, the
September i960 issue. The lnterfund transactions deducted
under this procedure do not Include payments to the Treas-
dally statement was changed to a statement of cash deposits
ury by wholly owned Government corporations for retirement
of their capital stock and for disposition of earnings.
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 19531954,
The announcement of February 17,
with respect to these reporting changes may be found
In the April 195^ Issue of the Bulletin.
The monthly statement shows all receipts and expendi-
tures of the Government,
Including those made from cash
These capital transfers have been excluded currently from
budget receipts and budget expenditures beginning July 1,
19^, and figures for prior fiscal years back through 19
2
were revised accordingly at that time.
The dally statement on the new basis was first Issued
In the deposits and withdrawals as
195 *-.
no distinction is made as to the type of accounts
for February 17,
shown,
1
accounts held outside the United States Treasury. The
Information Is complied from reports by the Treasurer of
certificates of deposit cleared through the account of the
the United States and by all other collecting and dis-
Treasurer of the United States.
bursing agencies, Including those agencies which maintain
the basis of checks paid or cash disbursements made out of
checking accounts In commercial banks.
(budget,
trust,
etc.).
The deposits are on the basis of
Total withdrawals are on
These reports cover
transactions recorded In the accounts of the agencies
fications shown are reported on the basis of mailed reports
during the reporting period.
of checks Issued and are adjusted by means of clearing ac-
The net of the transactions
the Treasurer's account.
Some of the withdrawal classi-
as compiled from these reports Is reconciled In the monthly
counts to the total of checks paid.
statement to changes In the balance In the Treasurer's account and In cash held outside the Treasurer's account and
minor amounts, noncash lnterfund and other lntragovernmental
changes In the public debt outstanding.
dally statement also are on a "clearance" basis, with the
RecelDts of taxes and customs duties are reported on a
Other receipts are reported partially
collections jasls.
on a collections) basis and partially on a deposits basis.
Expenditures, except Interest on the public debt, are reported on the basis of checks Issued or cash payments made
by disbursing officers. Transactions of an lnterfund or
lntragovernmental nature are Included on the same basis
even though the actual Issuance of checks may not be Involved.
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
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-
transactions are excluded.
Except for relatively
The public debt figures in the
exception of those issuance and retirement transactions
reported on the basis of telegrams from Federal Reserve
Banks. Noncash debt transactions are included, however.
The dally statement before February 17, 195 4". 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 lnterfund and other lntragovernmental 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,
amount outstanding.
and
Receipts and expenditures, however, were
classified by type of account, and the budget results shown
March 1966
in
Reporting Bases
In the dally statement were used as the basis for reflecting
the results under the President's budget program as enacted
by the Congress.
Receipts were on the basis of deposits as they cleared
the Treasurer' 8 account. Expenditures cleared through the
Treasurer's account were reported on two successive
bases.
Through
19*^6
they were on the basis of checks paid
Beginning with 19^7 >
expenditures made through the facilities of the Treasury
by the Treasurer of the United States.
Note:
-
(Continued)
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.
Transactions han-
dled through commercial bank accounts, 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 beelnnlm? with
November 1949 and on a checks-paid basis prior to that time.
Where calculations have been made from unrounded figures,
the details may not check to the totals shown.
March 1966
A^l
Treasury Financing Operations
One-Year Bills
Tenders were invited on February 16, 1966, for the auction
February bills consisted of four 13-week issues of f 1
.-
.
on February 23 of $1 billion, or thereabouts, of 365-day
each and four 26-week issues of $1.0 billion each.
Treasury bills, for cash and in exchange for Treasury bills
new bills carry 91-day or 182-day maturities.
maturing February 28, 1966.
for the new issues are shown in the following table.
Of the total $1,771 million tenders received, $1,000
million, including $33 million of noncompetitive tenders,
were accepted at the average bank discount rate of 4.945
percent.
Noncompetitive tenders for $200,000 or less (without
stated price) from any one bidder were accepted in full a+ the
average price of accepted competitive bids.
ranking institutions generally
;ould submit tenders for
account of customers provided the names of the customers were
set forth in such tenders.
Others than banking institutions
jould submit tenders only for their own account.
Tenders were
received without deposit from incorporated banks and trust
companies ani from responsible and recognized dealers in
Tenders from others hai to be accom-
investment securities.
panied by payment of 2 percent of the face amount of Treasury
bills applied for, unless the tenders were accompanied by an
express guaranty of payment by an incorporated bank or trust
jompany.
Payment for accepted tenders was required to be made or
completed on February 28, 1966,
available funds or in
February 28, 1966.
a
in cash or other immediately
like face amount of tills maturing
Payment ly credit in Treasury tax and loan
accounts was not permitted.
The new one-year bills are dated February 28,
]
6,
and
mature February 28, 19o7, when the face amount will be payable
without interest.
Issued in bearer form only, the tills are
in denominations of $1,000,
$5,000, $10,000, $50,000, $100,000,
§500,000, and $1,000,000 (maturity value).
13-Week and 26-Week Bills
In February,
issues of regular weekly bills totaled $9-2
billion, refunding $8.8 billion of bills maturing and providing
$0.4 billion of new cash.
Since January the Treasury has
raised $0.8 billion of new money by increasing the amount of
certain weekly bill issues over the amount maturing.
The
1
3-week
Additional amount of bills of
original maturity of 26 weeks)
billion
All of the
Average rates
.
,
March 1966
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
Administrative budget
receipts and expenditures
Net
receipts
Expenditures
Surplus
or
deficit
(-)
Fiscal years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
Net of
trust
and other
transactions
99
679
147
435
328
231
-194
195
633
-329
-50
-602
436
97
551
426
100,000
111,330
106,428
112,847
-6,428
104
120
37,235
52,877
64,705
63,654
60,938
63,119
70,616
71,749
68,262
72,738
79,518
78,157
84,709
87,516
88,696
96,679
37,657
56,236
70,547
72,811
64,622
65,891
66,838
71,157
75,349
79,778
77,565
84,463
91,907
94,188
96,945
101,378
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
Months
1964-Feb
Mar
Apr
May
June
8,047
10,148
6,609
6,136
12,401
7,521
7,871
7,930
7,511
9,527
July
Aug
Sept
Oct
Nov
Dec
3,487
6,653
10,072
3,398
7,037
8,856
1965-Jan
Feb
Mar
Apr
May
June
1966(Est.)
1967(Est.)
Calendar years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
-1.84"7
592
-7,088
-7,040
1,953
-6,306
-7,199
-6,672
-8,248
-4,699
public
etc. 2/
debt,
in
or
decrease
311
815
-41
101
739
-259
267
1,092
-691
23
-698
234
729
168
151
694
483
-214
-401
-250
-303
284
522
-523
530
-6
-145
507
448
196
741
-978
294
87
-106
-319
-209
-34
376
-21
224
109
-237
154
204
183
493
-576
328
Net
increase in
Treasurer s
account
balance, or
decrease (-)
Levels, end of period
Debt outstanding
1
(-)
-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
-8,226
-3,435
1965
Clearing
account,
1/
39,544
43,970
65,303
74,120
67,537
64,389
66,224
68,966
71,369
80,342
76,539
81,515
87,787
92,642
97,684
96,507
36,422
47,480
61,287
64,671
64,420
60,209
67,850
70,562
68,550
67,915
77,763
77,659
81,409
86,376
89,459
93.072
Net
increase
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
5,853
2,047
1,839
-388
-2,299
2,096
-551
331
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
1,575
5,561
2,328
1,835
-3,910
-423
2,711
7,973
7,777
3,582
2,019
-4,141
-1,730
8,025
7,875
-581
5,952
7,301
5,877
8,594
2,964
-447
62
1,770
-1,488
603
-635
-117
1,780
-767
-1,989
3,931
Treasurer
account
balance
1
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
11,036
12,610
I.70C
8,700
179
355
622
828
83
1,015
-134
-80
-713
s
Public
debt
Guaranteed
securities
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
311,713
317,274
319,602
21,
I
20
29
Total
Federal
securities
Subject to
limitation
3/
256,652
44
74
107
101
111
140
240
444
607
813
590
257,377
255,251
259,151
266,123
271,341
274,418
272,825
270,634
276,444
284,817
286,471
289,211
298,645
306,466
312,526
317,864
398
244
320,000
321,680
319,800
321,505
24
256,026
258,794
266,821
274,671
278,256
280,348
276,276
46
52
81
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
312,164
317,581
256,708
259,419
267,391
275,168
278,750
280,769
276,628
274,898
282,922
290,798
290,217
296,169
303,470
309,347
317,940
320,904
103
104
109
127
156
330
518
742
809
455
256,731
259,461
267,445
275,244
278,784
280,822
276,731
275,002
283,031
290,925
290,373
296,499
303,988
310,089
318,750
321,359
8,656
6,085
8,300
11,036
310,357
309,590
307,601
311,532
311,713
793
818
802
805
813
311,150
310,408
308,402
312,337
312,526
310,786
310.045
308,040
311,975
312,164
4,232
4,295
6,064
4,577
5,180
4,545
4,427
4,606
4,961
5,583
6,411
6,494
7,509
7,375
7,295
6,582
42
54
76
34
53
274, 564
282,607
290,513
289,971
296,061
303,616
309,724
318,464
321,078
:
.6,795
526
581
2,277
-1,322
-1,375
2,874
-41
607
-436
-674
181
2,531
1,861
-2,571
2,215
2,735
7,410
8,083
8,450
8,329
7,051
8,770
-3,923
-1,430
1,622
-4,930
-15
86
-40
66
-130
366
171
-188
-393
-903
387
41
-595
-161
-530
2,906
1,520
26
2,851
-546
-4,886
640
3,400
-4,498
2,412
-809
6,150
6,789
10,189
5,691
8,104
7,295
311,183
314,089
315,610
315,635
318,486
317,940
821
848
886
821
834
809
312,004
314,938
316,496
316,456
319,320
318,750
311,643
314,577
316,135
316,096
319,034
318,464
5,642
7,518
11,188
8,549
7,268
13,404
7,676
7,146
8,139
8,268
8,116
9,070
-2,033
372
3,049
280
-848
4,335
64
193
146
972
-577
-617
377
-268
279
-8
244
21
42
1,900
-2,186
-1,140
2,661
-1,944
-1,550
2,197
1,289
105
1,480
1,795
5,745
7,942
9,231
9,336
10,816
12,610
317,983
319,883
317,697
316,557
319,213
317,274
664
693
719
657
606
590
318,646
320,575
318,416
317,213
319,823
317,864
318,361
320,290
318,131
316,929
319,540
317,581
7,240
8,990
9,452
8,750
9,105
9,426
-3,434
-1,640
59
8,486
7,627
3,637
5,736
6,759
6,582
316,582
318,240
316,748
318,901
321,711
320,904
316,773
318,460
314
-4,124
-358
1,010
-2,852
974
-177
317,056
318,742
-28
156
-45
189
-692
1,658
-1,493
2,154
2,810
-807
502
1,548
-5,455
-999
126
-57
1,059
983
294
-792
474
182
Dec
3,807
7,350
10,999
3,295
8,106
9,553
522
493
465
455
317,270
319,394
322,176
321,359
316 983
319,113
321,895
321,078
1966-Jan
Feb
6,453
8,335
8,809
8,156
-2,356
116
-585
1,099
1,308
-1,076
973
5,506
6,479
322,003
323,311
416
435
322,419
179
66
71
323,746
322,138
323,466
57,899
69,929
-12,031
648
-786
-6,131
6,479
435
323,746
323,466
July
Aug
Sept
,
,
Oct
Nov
Fiscal 1966 to date
.
-357
392
133
95
355
Source:
Actual figures through fiscal year 1952 and 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, including
effect of proposed legislation, are from the 1967 Budget document
released January 24, 1966. More details for data on this page are
shown in succeeding tables.
1/ Excess of receipts, or expenditures (-).
For detail, see pages 12-16.
2/ For checks outstanding and telegraphic reports from Federal Reserve
Banks; public debt interest accrued and unpaid beginning with June and
the fiscal year 1955 (previously included from November 1949 as interest
checks and coupons outstanding); also deposits in transit and changes in
cash held outside the Treasury and in certain other accounts beginning
It
.
Net increase, or decrease ( -)
with the fiscal year 1954.
"Statutory
For current, month detail and list of acts, see section on
The limitations in
Debt Limitation" in each issue of the Bulletin.
effect during the periods covered by this table and the date when each
became effective are as follows: $275 billion on June 26, 1946; $281
billion on August 28, 1954; $278 billion on July 1, 1956; $275 billion
on July 1, 1957; $280 billion on February 26, 1958; $288 billion on
September 2, 1958; $290 billion on June 30, 1959; $295 billion on
July 1, 1959; $293 billion on July 1, I960; $298 billion on July 1, 1961;
bil$300 billion on March 13, 1962; $308 billion on July 1, 1962; $305
billion on
lion on April 1, 1963; $307 billion on May 29, 1963; $309
July 1, 1963; $315 billion on December 1, 1963; $324 billion on
June 29, 1964; and $328 billion on July 1, 1965.
.. ...
.
.
,
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
For old-age,
disability,
Total
income and hospital
insurance
taxes
1/
Corporation
withheld
851
622
80,172
79,978
79,798
91,775
94,401
99,441
105,925
112,260
114,435
1,123
1,008
1,171
1,241
1,284
1,478
2,749
3,196
3,158
4,064
4,082
3,206
4,436
4,077
4,622
683
772
544
544
19,058
24,583
2,957
3,331
13,256
13,557
122,772
139,111
1,690
1,880
5,794
7,050
2,216
1.395 2/
1,291
2,762
1,348 1/
91
503
57
15
7
4
96
3
57
2
2,810
1,459
1,311
2,861
1,406
213
308
370
283
218
1,214
1,303
1,150
1,325
1,357
10,885
13,963
10,962
11,057
14,903
106
155
139
128
145
338
398
322
398
477
2,388
6,022
9,658
2,133
6,442
8,020
617
2.396 2/
1,061
447
1,414 2/
750
11
2
103
57
12
2
2
1
52
1
232
212
193
213
185
238
1,221
1,305
1,162
983
1,155
1,220
4,471
10,040
12,132
3,790
9,291
10,281
137
145
159
153
93
629
2,501
1,120
461
1,508
803
140
462
401
348
384
766
386
4,822
7,559
336
2,559 37
12
93
75
466
423
3,117
292
207
1,007
1,038
6,545
11,922
136
129
456
381
432
551
10,562
1,774
9,091
68,471
1,163
3,586
636
97,640
17,832 2/
23,267 2/
6,597
872
928 2l
5,852
696
2,369 2/
6,647
5,302
3,207 2/ 10,894
8,130
1,091
6,587
5,371
2,956 2/ 11,921
727
482
4,236
625
507
4,315
362
164
2,427
244
141
468
1,299
5,377
2,995
1,263
5,793
3,237
682
2,727
1,038
1,412
5,948
1965
21,296
22,336
24,301
26,131
67,918
71,945
75,324
78,891
79,792
1966(Est.).
1967(Est.).
30,400
35,100
16,300
16,100
40,800
46,440
1965-Feb...
Mar...
.
473
6,759
1,187
May
June .
21,7. 5
Apr.
520
.
.
July
Aug...
.
Sept..
Oct...
Nov. .
Dec...
1966-Jan...
Feb...
573
Fiscal 19o6
to date.
1.
.
60,560
59,102
58,82i
"J
"
,1
.
3y
2l
1-
47,044
27,325
,]..'-
9,580
330
336
324
341
345
575
525
607
571
564
572
594
458
948
2
Fiscal year
or month
Customs
Budget
accounts
Trust 2.'
accounts
1957
1958
1959
1960
1961
1962
1963
1964
1965
3,894
,,41?
4,907
58
165
180
193
5,725
5,957
6,267
5,668
224
278
269
297
323
1966(Est.)..
1967(Est.).,
6,525
7,130
1965-Feb
Mar
Apr.
.
July..,
Aug
Sept...
Oct
Nov.
Dec
.
.
1966-Jan...
Feb...
Fisca:
to date.
.
29
,571
(
32
35
7,148
6,030
367
443
35
6,930
7,611
617
1,578
1,280
1,063
320
33
2
220
219
183
202
29
101
35
3
2
3
5
3
1
3
1
2
3
3
3
3
-126
607
228
28
1,435
346
31
6,243
6,795
7,084
9,192
10,537
10,600
12,351
14,335
14,572
Federal
Hospital
Insurance
Trust Fund
1,345
1,886
653
1,582
1,286
1,071
324
2,078
1,292 2/
1,195
2,572
1,250 37
223
225
186
206
117
105
574
2,226 2/
107
644
100
2,182
1,813
8,509
766
2,210
138
103 2/
Highway
Trust
Fund 2/
Less:
Inter-
fund
transactions
467
607
571
564
572
593
636
945
847
615
683
772
540
539
3,859
4,378
647
712
91
503
7
308
286
271
293
347
40
96
57
43
169 2/
73
31
343
453
3
2
1
11
1
103
2
2
57
333
418
334
313
567
355
694
654
633
513
664
870
2
8
92
45
79
92
1
1
90 2/
12
93
52
52
1
267
315
223
31
12
1
53
215 2'
161
93
75
465
309
320
73
16
682
161
432
548
2,609
567
8
y
164.
1,479
2,026
2,074
2,539
2,798
2,949
3,279
3,519
3,659
57
15
96
190
98 2/
988
416
1,324 2/
698
Unemployment
Trust
Fund
575
525
994
1,057
1,082
18,932
Railroad
Retirement
Account
616
333
863
837
929
953
945
15,486-
Actual figures are from the monthly statement of receipts and
expenditures of the Government (for explanation of reporting bases,
see page II); estimates, including effect of proposed legislation,
are from the 1967 Budget document released January 24, 1966.
Source:
Federal
Disability
Insurance
Trust Fund
y
3,976
4,598
5,114
5,238
5,976
6,266
35
.
May
June.
Total
refunds
Federal OldAge and Survivors Insurance Trust
Fund
754
800
948
Transfers of tax receipts to
Less:
Refunds of receipts 4/
Internal revenue
applicable to
Miscellaneous
receipts
10,638
10,814
10,760
11,865
12,064
12,752
13,410
13,950
14,793
32,978
36,246
38,719
39,259
36,840
22,179
Customs
1,378
1,411
1,353
1,626
1,916
2,035
2,187
2,416
2,746
616
2b, 728
27,041
29,001
Total
internal
revenue
7,581
8,644
8,854
11,159
12,502
12,708
15,004
17,003
17,104
6,634
7,733
8,004
10,211
11,586
11,686
13,484
15,588
15,846
12,302
11,528
11,733
13,271
13,175
14,403
14,269
15,331
16,820
21,531
1957
1958
1959
1960
1961
1962
1963
Estate
Excise
and
taxes
gift
taxes
Total
employemployment
ment
insurance taxes
For un-
For railroad retirement
Beginning February 1966 includes hospital insurance.
Includes $766 million in 1966 and $2,210 million in 1967 for Federal
Hospital Insurance Trust Fund.
Remaining footnotes on following page.
1/
2/
.
,
March 1966
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 2.- Detail of Miscellaneous Receipts by Major Categories
(In millions of dollars)
RealizaDividends
tion upon
and other
loans and
earnings 1/ investments
Fiscal year
or month
1957
1958
1959
1960
628
1962
1963
1964
1965
2,749
3,196
3,158
4,064
4,082
3,206
4,436
4,077
4,622
967
942
877
765
955
1,077
1966 (Est.)
1967 (Est.)
5,794
7,050
968
1961
1965-Feb
Mar
Apr
May
June
338
398
322
398
477
July
Aug
Sept
Oct
Nov
462
745
601
831
41
9
20
103
106
438
674
328
328
587
436
1,012
Fines,
penalties
and forfeitures
Other 2/
185
194
126
127
146
204
1,009
1,058
373
396
142
136
148
146
152
30
106
6
20
10
-14
59
11
10
5
1
31
11
1
6
8
14
15
14
9
16
7
7
10
68
13
13
12
7
8
30
35
25
24
12
5
35
23
20
4
14
5
11
-20
11
5
13
21
21
10
9
6
11
5
-21
7
11
13
11
54
48
-9
64
224
94
381
85
17
120
123
Fiscal 1966 to date. 3,586
677
1,239
268
17
79
90
93
96
114
387
345
325
392
343
263
263
132
331
431
312
304
350
374
330
342
370
409
427
45
69
117
901
,568
121
124
131
13
12
58
10
33
20
31
9
12
104
-11
11
11
7
9
34
11
12
61
31
7
-10
62
37
69
34
431
323
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, including effect of proposed legislation, are from the 1967
Budget document, released January 24, 1966.
Footnotes to Table
Includes adjustments as follows:
Income taxes not withheld, March
-$2 million, June +$86 million, August -$4 million, November -$6
million and February -$4 million; income taxes withheld, March +$157
million, June -$7 million, August -$202 million, November +$128
million and February +$74 million; transfers to Federal Old-Age and
Survivors. Insurance Trust Fund, March -$150 million, June -$74 million,
August +$187 million, November -$107 million and February -$73 million; and transfers to Federal Disability Insurance Trust Fund, March
-$4 million, June -$5 million, August +$18 million, November -$15
2/
2/
1
-
4/
5/
6/
49
49
160
59
53
161
44
54
57
133
81
100
62
101
101
53
55
58
31
84
40
38
39
64
44
Source:
3_/
Fees and
other
charges
for
services
etc
1,725
1,820
348
384
766
386
456
V
Fees for
permits
and
licenses
1,076
752
496
371
401
1966-Jan
Feb
Seigniorage
860
984
1,393
506
1,111
805
743
148
157
169
160
247
115
Dec
eries and
refunds
Sale of
Govern- Sale of
prodment
ucts
property
Royalties
266
322
343
114
182
154
200
130
132
94
93
7
Recov-
28
86
20
23
6
93
325
94
89
23
16
14
8
12
11
13
437
70
83
110
118
128
79
48
6
7
87
9
101
151
123
163
222
408
26
55
26
9
14
26
4
6
4
33
5
37
39
36
32
48
60
48
274
111
9
17
11
49
74
109
8
5
11
14
15
1
1
9
9
-19
-12
32
5
77
25
Beginning October 1965 certain accounts representing profits from
silver coinage, previously classified as "dividends and other
earnings," have been classified as "seigniorage."
Consists of miscellaneous taxes (principally the tonnage tax on
foreign vessels entering U. S. ports), bullion charges, gifts and contributions, under undistributed proceeds, sale of foreign currency.
Less than $500,000.
(Continued)
million and February +$2 million.
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.
For content, see Table L,. These transactions are included in the
detail of both budget receipts and expenditures but are deducted from
the totals (see Reporting Bases, p. II).
Less than $500,000.
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
1952
'54
'56
'60
•58
$
SBil.
Billions
Corporation Income and Profits Taxes
72
24
68
68
20
64
64
16
60
60
12
56
56
8
52
52
4
48
48
44
44
40
40
72
Individual Income Tax and
Employment Taxes*
4
36
32
28
24
20
. ...
March 1966
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Agencies
]
ions of dollars)
Defense Department
Fiscal year
or month
Legislative
B ranch
Funds
appropriated
Judiciary
to the
Agriculture
Depart-
Health,
commerce
DepartMilitary
ment
Civil
-
1957
1958
1959
1960
1961
1962
1963
1964
1965
118
1966 (Est.)...
1967 (Est.)...
191
205
1965-February.
March ....
April. . .
May
June
11
14
4,109
7,091
1,808
2,053
3,968
5,929
6,669
7,735
7,897
.
.
.
16
.
.
Fiscal 1966
to date
.
.
g
23
16
14
-
48,205
48,252
49,760
46,173
2,295
2,645
3,092
3,403
3,685
4,215
4,909
5,498
5,740
-23
199
1,152
309
502
739
410
328
250
1,029
1,124
1,205
214
229
250
258
284
294
317
328
358
1,242
1,322
85
572
666
751
690
801
908
518
567
674
774
831 4/
620
257
370
480
384
405
522
522
878
755
-156
102
52
44
33
86
129
33
63
84
70
79
67
43
79
84
23
144
110
1,314
1,369
7,662
10,191
436
-414
235
322
524
477
309
316
73
45
69
3,575
4,183
4,063
3,848
4,322
79
89
102
95
137
482
314
541
547
535
14
38
-23
34
5
97
26
29
30
27
31
521
67
96
541
49
76
402
787
756
603
121
57
121
125
131
134
129
-103
66
839
3,601
4,131
4,300
4,252
4,210
4,789
467
600
159
6
145
233
138
128
113
112
104
136
37
28
29
29
30
39
559
334
4,411
4,198
115
79
662
613
-93
291
94
30
51
104
29
-168
5,372
33,893
4,613
703
929
251
1,013
315
348
272
308
352
367
y
77
50
541
80
88
525
914
797
770
578
805
52,925
99
Post
Office
Department 2/
418
1,016
549
808
923
359
122
42,824
639
733
807
902
971
999
1,128
1,153
Labor
Department
6,889
5,798
1?
.
K
38,439
39,062
41,233
Interior Justice
Depart- Department
ment
4,868
5,028
494
.
.
91
29
31
1-
July
August. .
September.
October.
November.
December.
1966- January
February
82
645
382
539
498
594
676
686
758
Housing
and Urban
and
Development
Wei fare
Department
Department 1/
28
53
46
31
84
598
.
.
.
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Receipts and Budget Expenditures
Table 4.- Interfund Transactions Excluded from Both Net Budget
Fiscal
year or
month
Total
357
358
359
360
361
362
363
364
365
355
366 (Est.)...
367 (Est.)...
965-February.
March. .
April.
May
June
.
.
.
July
August.
September
October.
November.
December.
.
966- January
February
.
iscal 1966 to date
567
Total
interest
,
March 1966
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 5.- Summary of Appropriations and Authorizations, Expenditures and Balances, by
Agencies
as of January 31, ig66
(In millions of dollars; negative figures are deductions in the columns in
which they appear)
Agency
Unexpended
balances
brought forward
July 1, 1965
1/
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Agriculture Department
Commerce Department
Defense Department:
Military
Civil
Undistributed foreign transactions
Health, Education, and Welfare Department
Housing and Urban Development Department 6/
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
Atomic Energy Commission
Federal Aviation Agency
General Services Administration
National Aeronautics and Space Administration
Veterans Administration
Other independent agencies
District of Columbia - Federal payment and loans to.
1
Total
'
Additions, fiscal year 1966 to date
Increase
Appropriations
2/
67
Authorizations
to expend from
debt receipts 2/
195
81
5
6
16,565
1,U5
27
5,426
7,187
1,288
33,123
399
48,629
1,385
4,914
3,517
14,190
709
64
514
501
147
239
1,559
-'
13,122
123
97,030
107,750
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Agriculture Department
Commerce Department
Defense Department:
Military
Civil
Undistributed foreign transactions
Health, Education, and Welfare Department
Housing and Urban development Department 6/
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
Atomic Energy Commission
Federal Aviation Agency
General Services Administration
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
expenditures of the Government
Deduct:
Rescissions,
cancellations
and other
adjustments 7/
Certain interfund transactions
Total budget expenditures
10
17,986
5,038
484
300
-236
16
1
959
58
ZJ
1/
y
7,700
1,306
8,408
1,970
1,331
380
703
707
401
13,492
2,366
859
590
5,175
5,690
1,566
87
108,767
Unexpended balances January 31, 1966
Undisbursed Unused authorappro pria
izations to
expend from
debt receipts 3_/
46,983
2,L42
1,708
72
38
18,826
922
-94
7,926
2,471
1,076
221
769
720
289
5,979
2,563
970
882
5,214
3,602
1,735
127
549
105,222
-58
13,833
851
94
4,000
412
825
2^2
448
488
259
7,752
1,362
457
380
3,315
2,906
996
44
182
Unfunded
contract
authorizations
Investments
held
5,961
4,069
375
1,365
225
127
10
9,126
19
3,231
120
738
173
1,360
266
10,520
"2/
29,970
5,455
2,276
551
61,773
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."
Although not expended, a substantial portion of these amounts is
obligated for payrolls, outstanding purchase orders and contracts for
equipment and supplies, and similar items.
Includes reappropriations.
Consists of authorization by law for Government-owned enterprises to
borrow (l) from the Treasury (to expend from public debt receipts), or
(2) from the public (to expend from corporate 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.
Source:
1/
15
133
40
18
112
45
15
62,324
Total
3
410
Deductions, fiscal year 1966 to date
Expenditures
300
-16
,408
590
5,175
5,690
1,563
87
3,354
1,257
529
187
81
27
5,726
48,629
1,385
1,796
1,314
380
703
707
401
13,492
2,366
859
568
673
Agency
Other authorizations 4/
V
I
agencies.
Consists of appropriation transfers between
Formerly Housing and Home Finance Agency.
the surplus fund
Consists of transfers to, or restorations from (-),
borrowing authority and
rescissions, cancellations, or adjustments of
miscellaneous receipts; and
contract authority; capital transfers to
,
other adjustments.
securities issued by
Public debt securities and certain guaranteed
Government enterprises.
based on accounts subRepresents the difference between this report
corresponding preliminary
miUed by certain disbursing officers and
and expenditures of the
data used in the monthly statement of receipts
Government.
Less than $500,000.
.
8/
.
2/
8
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions
(Fiscal years;
in millions of dollars)
1966 through January 1/
National defense
Department of Defense-Military
Military assistance
Atomic energy
Defense-related activities
Function
code
number
1961
051
057
058
059
43,227
1,449
2,713
104
46,815
1,390
2,806
47,494
216
1962
1
»
i
1964
1965
Unexpended
Expenditures balances end
of period 2/
:
Total national defense
International affairs and finance
Conduct of foreign affairs
Economic and financial programs
Foreign information and exchange activities
Food for Peace
48,252
49,760
1,721
46,173
1,229
2,625
136
29,693
382
1,362
24
1,485
2,765
172
51,103
52,755
54,181
50,163
31,442
249
2,130
346
1,826
197
1,726
201
346
2,094
223
1,779
297
1,479
207
1,704
1,641
1,403
130
703
4,151
3,687
4,304
2,445
2,552
4,171
5,093
3,315
3,954
300
342
4,144
3,438
268
392
2,995
2,758
6
:
151
152
153
154
Total international affairs and finance
1,927
158
1,653
'
3,954
Space research and technology
251
744
Agriculture and agricultural resources:
Farm income stabilization 3/
Financing farming and rural housing
Financing rural electrification and rural telephones
Agricultural land and water resources
Research and other agricultural services 4/
351
352
353
354
355
2,345
349
Natural resources:
Land and water resources
Forest resources
Mineral resources
Fish and wildlife resources
Recreational resources
General resource surveys and administration
''
3,093
234
303
367
251
457
5,475
4,898
3,811
1,832
332
1,922
374
105
120
1,355
286
3,667
4,338
5,311
401
1,444
402
403
404
405
409
331
61
1,623
280
1,779
303
501
502
503
505
506
507
508
55
241
214
307
324
391
347
324
71
91
341
59
73
81
94
91
112
55
94
60
73
105
130
73
2,056
2,206
2,431
2,563
2,750
1,937
716
569
36
914
781
654
808
672
835
658
39
578
503
399
103
488
440
99
78
101
134
94
33
41
271
797
427
770
366
7
101
401
401
67
74
84
91
875
728
39
805
557
398
98
,774
2,843
3,002
3,499
2,090
-149
-537
178
162
163
261
74
-818
230
420
64
-178
135
248
51
-595
149
306
59
320
349
-80
-104
250
1,882
464
2,827
Total commerce and transportation
Housing and community development
Aids to private housing^/
Public housing programs
Urban renewal and community facilities
National Capital region
.
I,
341
Total natural resources
,
301
-
.'.
342
324
414
Total agriculture and agricultural resources
Commerce and transportation:
Aviation
Water transportation
Highways
Postal service
Advancement of business
Area and regional development
Regulation of business
209
59
:
551
552
553
555
Total housing and community development
Health, labor, and welfare:
Health services and research 6/
Labor and manpower
Public assistance 7/.
Economic opportunity program
Other welfare services
651
652
653
655
659
961
1,233
1,511
809
591
224
1,878
345
2,331
2,631
2,786
327
382
423
466
513
1,270
457
2,016
494
386
4,789
5,475
5,898
4,621
392
428
206
219
404
41
383
310
181
337
350
183
207
413
309
405
943
1,076
1,244
1,339
1
801
•",034
802
803
804
805
1,532
559
1,030
259
2,017
1,635
388
1,084
2,158
1,743
2,176
1,864
-50
1,270
279
2,116
1,698
-13
1,145
240
5,403
5,186
5,492
211
4,244
for elementary and secondary education 8/.
for higher education 2/
to science education and basic research...
to education 8/
222
70
',147
Total health, labor, and welfare
Education:
Assistance
Assistance
Assistance
Other aids
-44
150
701
702
703
704
332
U3
241
208
438
201
171
Total education
Veterans' benefits and services:
Veterans' service-connected compensation
10/
Veterans' nonservice-connected pension
11/.
Veterans' readjustment benefits 12/.
Veterans' hospitals and medical care
Other veterans' benefits and services 11/. ...........
',
'.
113
1,229
..
,544
1!
2,526
-464
756
98
Total veterans' benefits and services
5,41-!
Footnotes at end of table.
(Continued on following page)
5,495
,
:
"
.
.
March 1966
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions
-
(Continued!
(Fiscal years; in millions of dollars)
1966 through January 1/
Function
code
number
Functions
Interest
Interest on the public debt
Interest on refunds of receipts
Interest on uninvested funds
1961
1962
1963
1964
1965
Expenditures
Unexpended
balances end
of period 2/
:
Total interest
851
852
853
,
,
General government
Legislative functions
Judicial functions
Executive direction and management
Central fiscal operations
General property and records management
Central personnel management
Protective services and alien control
Other general government
3,957
83
10
9,120
68
9,895
10,666
10
74
11
88
11
12
67
7
9,050
9,198
9,980
10,765
11,435
6,970
5,133
118
135
131
63
21
715
142
76
23
825
606
174
366
190
95
45
14
499
370
131
229
126
110
40
16
479
869
11,346
77
6,896
5,104
24
5
:
901
902
903
904
905
906
908
910
Total general government
52
57
22
607
372
22
653
419
153
300
136
444
142
323
139
126
66
22
791
576
174
335
189
19
1,875
1,979
2,280
2,402
1,508
1,908
82,169
88,419
93,155
98,348
97,378
62,324
142,923
654
633
513
664
870
551
81,515
87,787
92,642
97,684
96,507
61,773
HO
289
109
1,7
48
230
116
Undistributed
Total
Certain interfund transactions included in
both expenditures and receipts
Less:
Budget expenditures
(
see table 3)
Expenditures for 1966 are from reports received from disbursing,
collecting, and administrative agencies of the Government, on the
monthly statement reporting basis (see page II). They are classified in accordance with classifications used in the 1967 Budget document, Table 19, as nearly as can be done on an individual appropriation and fund item basis. Prior year figures are from the same source
but have been adjusted below the appropriation level in some instances
by the Bureau of the Budget for use in Table 19. Where current
classifications differ on this account, they are footnoted. Revolving
fund transactions are included net in the expenditures.
For expenditures by major functions for fiscal 1966 through February
De1966, and fiscal 1965 through February 1965, see "Note" below.
tails by functions are not available for publication in this issue
1966 Bulletin.
but will appear in the
April
For description of items included, see Table 5. Although not expended, substantial portions of these amounts are obligated for
payrolls, outstanding purchase orders and contracts for equipment
and supplies, and similar items.
Expenditures for 1966 include those for specified research projects
applicable to function code 355. These expenditures were made from
"Special Activities, Commodity Credit Corporation."
See footnote 3.
Expenditures for 1966 include those for veterans readjustment benefits applicable to function code 803.
These expenditures were made
from the "Government Mortgage Liquidation Fund, Federal National
Mortgage Association."
See footnote 7.
Expenditures for 1966 include medical and hospital care for the
aged applicable to function code 651
See footnote 9.
Expenditures for 1966 include those for assistance for elementary
and secondary education applicable to function code 701 and other
aids to education applicable to function code 704. These expenditures were made from "Defense Educational Activities, Office of
Source:
iy
2/
3_/
4y
1
,5/
b/
17
a/
2/
2/
Education.
10/
22/
Note:
Expenditures for 1966 include those for veterans' nonserviceconnected pensions applicable to function code 802 and other veterans
benefits and services applicable to function code 805. These expenditures were made from "Compensation and Pensions, Veterans' Administration."
See footnote 10.
See footnote 5.
Less than $500,000.
Expenditures by major functions
Functions
,
see footnote
1
1966 through 1965 through
February 196c February 1965
(
National defense
International affairs and finance
Space research and technology
Agriculture and agricultural resources
Natural resources
Commerce and transportation
Housing and community development
Health, labor, and welfare
Education
Veterans' benefits and services
Interest
General government
Total
Certain interfund transactions.
Less:
Budget expenditures
In millions)
429
,958
,703
32,045
2,335
3,163
4,255
1,824
2,420
-1
3,864
931
3,666
7,559
1,574
70 ,497
567
63,636
722
69,929
62,914
,927
,496
772
973
,055
408
510
,005
,261
,
Treasury Bulletin
10
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 7.- Detail of Excise Tax Receipts
(In thousands of dollars)
Second quarter
of fiscal year
First two quarters
of fiscal year
Fiscal year
Type of tax
Alcohol taxes: 1/
Distilled spirits
Wines
Beer
2,575,320
110,242
891,936
Tobacco taxes: 1/
Cigars
Cigarettes
Other
Documentary and certain other stamp taxes
Documentary stamp taxes 2/
Playing cards 3_/
Silver bullion sales or transfers 4/
Manufacturers' excise taxes:
Gasoline %
Lubricating oil, etc
Tires, tubes, and tread rubber _f>/
Passenger automobiles, chassis, bodies, etc. &/
Trucks and buses, chassis, bodies, etc. 5_/
Parts and accessories for automobiles, trucks, etc
Radio and television sets, phonographs, components, etc.3_/
Refrigerators, freezers, air-conditioners, etc. 7/
Electric, gas, and oil appliances 3_/
Pistols and revolvers
Phonograph records 2/
Musical instruments 2/
Sporting goods (other than fishing rods, creels, etc.) 2/
Fishing rods, creels, etc
Business and store machines 3_/
Cameras, lenses, film, and projectors 3/
Electric light bulbs and tubes 8/
Firearms (other than pistols and revolvers), shells
and cartridges
Mechanical pencils, pens, and lighters
Matches 3/
y
Total manufacturers'
excise taxes
919,946r
1,462,471
59,599r
474.
1,514,737
56,673
457,935
3'7,442r
32,405r
211,732
861,358
31,807
200,907
1,081, 579r
1,094,072
2,029,346
1,976,675
19,561
60,923
2,069,695
17,976
32,787
1,050,969
9,216
995,311
8,812
17,131
531,171
4,600
15,009
477,039
4,413
2,052,545
2,148,594
1,092,972
1,034,303
552,903
496,461
162,680
8,891
43
178,159
8,128
86,665
4,563
97,482
45,051
2,434
51,059
171,614
186,289
91,229
47,485
51,059
2,618,370
76,316
411,483
1,745,969
350,945
228,762
197,595
62,799
77,576
1,837
25,098
21,748
20,633
7,342
71,867
29,580
41,511
,687,135
76,095
440,467
,887,691
425,361
252,874
221,769
75,987
1,464,982
45,275
242,638
661,140
720,135
20,341
106,976
315,820
84,131
62,120
58,068
16,328
18,819
"',,•''
2,206
26,692
25,810
21,317
7,373
74,426
35,095
42,754
1,402,796
40,557
224,915
824,751
198,254
137,190
99,862
40,000
37,689
1,073
12,124
10,918
10,609
3,140
35,685
18,930
18,388
17,455
9,299
4,359
20,201
9,468
4,440
12,219
4,696
2,029
14,675
1,789
1,141
7,162
2,477
1,197
8,096
3,135,827
2,777,509
1,470,306
1,198,991
81,386
195,833
9,616
88,784
37,813
91,190
2,843
41,514
20,342
33,644
513,181
227,404
98,342
J,
30,181
:
Total documentary and certain other stamp taxes
Retailers' excise taxes:
Furs
Jewelry etc
Luggage, etc
Toilet preparations
740
112,436r
1966
(Oct. -Dec.
1,996,296
.
Total tobacco taxes
,
(Oct. -Dec. 1964)
772, 638
3,577,499
Total alcohol taxes
2
1965
1966
1965
1965
1964
6,020,543
1
-'
-
,
6,418,14
,
-
1
,
,
85,313
13,133
12,407
11,253
1,401
6,299
2,704
3,953
3,604
5,537
5,376
13,164
534
7,013
6,376
5,214
1,003
17,346
9,823
9,425
22,458
113,143
140,171
73,822
41,611
6,378
9,906
7,471
707
2,566
1,515
1,545
1,954
4', 176
974
5,402
140
460
3_/
,
Total retailers' excise taxes
Footnotes at end of table.
30,016
189,437
78,704
176,857
475,013
31,390
204, 572
(Continued on foil owing page)
5,631
41,562
45,207
3,013
1,708
2,741
110,759
7,748
1965)
.
March 1966
ll
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 7.- Detail of Excise Tax Receipts
(In thousands of dollars)
Fiscal year
Type of tax
1964
Miscellaneous excise taxes:
Admissions to theaters, concerts, etc 2/
Admissions to cabarets, roof gardens, etc. 2/
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 10/
Transportation of persons 11/
Transportation of property (including coal) 10/
Use of safe deposit boxes 12/
Coconut and other vegetable oils processed 13/
Sugar
Diesel and special motor fuels £/ \U
Narcotics and marihuana, including occupational taxes
Coin-operated amusement devices 1 2/
Coin-operated gaming devices
Bowling alleys, pool tables, etc. 12/
Wagering occupational tax
Wagers
Use tax on highway motor vehicles weighing over
26,000 pounds 5/
Adulterated butter and filled cheese (imported and
domestic), process or renovated butter and imported
oleomargarine
Firearms transfer and occupational taxes
Interest equalization
47,053
.
Total miscellaneous excise taxes
Total received with returns and from sale of stamps
Undistributed depositary receipts and adjustment 15/
Unapplied collections
Total excise taxes
1965
1
,199
3
50
1,546,631
.
13,843,845
92,558
13,828
13,950,232
-
(Continued)
Treasury Bulletin
12
.TRUST AND OTHER TRANSACTIONS.
.
March 1966
13
.TRUST AND OTHER TRANSACTIONS.
Table 3.- Trust, Deposit Fund, and Government -Sponsored Enterprise Expenditures
;
I
•
tve figures are excess of cr
':-'
Fiscal year
or month
Federal Old-Age
and Survivors
Insurance Trust
Fund
Federal
Hospital
Insurance
Trust Fund
Disability
Insurance
frust
6,665
1
8,041
181
361
561
and deposit funds
Railroad
Ret irement
Unemployment
Trust
Fund
National
'•
Life
'nee
Fund
Government
Life
Insurance
Fund
Federal
employees'
retirement
funds
Highway
Trust
Fund
1957
1958
1959
I960
1961
1962
1963
1964
1965
11,073
11,752
13,270
14,530
15,285
15,962
746
1,089
1,259
1,341
1,498
1966 (Est)
1967 (Est)
18,848
19,877
1,942
1,308
1,320
1,322
1,323
1,779
122
116
122
122
150
1,324
1,319
2,114
1,468
1,496
1,436
122
121
191
138
140
229
1,506
1,542
12,206
108
107
247
268
50
7
146
41
5
141
152
264
1,228
828
1,753
281
40
1,073
2,867
9,380
1965-February
March
April
May
June
July
August
September
October
November
December
1966-January
February
Fiscal 1966 to date
730
1
,
1,185
53
2,426
1,240
1,274
2,890
103
296
100
1957
1958
1959
1960
1961
1962
1963
1964
1965
-42
42
-16
176
946
66
42
-73
317
-730
-104
49
1966(Est.)
1967(Est.)
-75
-36
1,475
536
1965-February
March
April
May
June
9
-19
27
-2
-2
July
August
September.
October
November
December
17
17
2
.
.
1966-January
February
-3
-21
-104
31
-44
-194
117
161
248
-177
210
233
18
24
54
57
I
,
1,709
212
e
[-
i
s
i
t
Farm
trust and
Credit
deposit funds Administration 5/
Federal
banks
34
36
6
32
30
29
4
1,624
1,802
3,970
4,080
119
125
124
124
127
216
252
211
229
358
127
130
129
132
131
131
337
331
469
399
5
5
5
6
4
5
4
5
5
422
372
273
Federal
Deposit
Insurance
Corporation
Total
Interfund
trans-
rust
and other
expenditures
*
actions 6/
1,572
660
-239
1,092
685
1,857
1,379
638
12,938
15,325
19,521
21,212
22,793
25,141
26,545
28,885
29,637
570
592
142
200
-220
-223
493
569
795
767
33,786
37,882 8/
2,284
2,127
2,333
2,271
3,598
154
116
162
70
223
-151
-151
469
-94
-90
-38
626
53
11
25
11
6
486
485
83
420
503
4
183
-27
-9
-5
146
-33
102
-32
-64
195
-159
193
-
899
-166
-48
34,088
38,080 8/
363
3
125
-146
1,919
2,305
3,200
2,489
2,874
2,474
-14
-25
3,045
2,658
2
66
195
-126
20,963
360
Fiscal 1966 to dat
68
46
-627
1,292
-628
854
182
-487
872
-378
-99
-104
-155
y:<
'
,
-104
-115
-124
-134
-148
-154
-161
-183
-180
-124
78
159
103
115
i
603
29
31
30
30
35
Total
274
116
562
437
396
374
483
468
10
599
127
1,326
2,613
2,945
2,620
2,784
3,017
3,645
4,026
Government-sponsored enterprises (net)
12,901
15,962
18,363
21,636
23,546
24,577
26,365
27,549
28,897
216
-31
-51
-75
205
-544
146
-567
208
-24
-75
-112
110
79
72
966
.
71
97
-176
201
110
200
I
585
83
'7
1
Other
funds
trust - net)
565 7/
915 Ij
672 7/
711
697
835
,208
1,055
1,152
94
96
.
100
141
Financing
Other
by Treasury oipeirations
707
626
591
699
792
896
955
1,063
-
14
1
Trust and deposit funds-(Continued)
Fiscal year
or month
24
1
1,135
1,112
.
Federal National
Mortgage Association 2/
,
1,644
3,148
3,054
2,736
4,734
3,906
3,815
3,707
3,130
Source:
See Table 1.
1/ See Table 2, footnote 4.
2/ 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).
~i.l
Includes principally District of Columbia operating expenditures; Funds
appropriated to the President - military advances under foreign assistance programs and mutual security trust funds; Indian tribal funds;
expenditures chargeable against increment on gold; and trust enterprise
funds (net).
tion Fund
The Railroad Unemployment Insurance
is included through November 1958 (see Table 10, published quarterly),
Health
Employees'
the Employees' Life Insurance Fund (net) and the
1
!
7/
3
265
-5
-14
-2
-57
-98
10
11
135
908
11
-29
515
528
505
521
7
30
2,183
2,064
2,949
2,323
3,599
2,418
2,349
3,142
2,447
2,707
2,636
3,048
2,621
.
Benefits Fund (net) beginning i"
Previously shown as deposit funds (see Table 1, Note).
Includes banks for cooperatives, Federal intermediate credit banks,
and Federal land banks.
These transactions are included in the
-;tent see Table 6.
are dedetail of both trust receipts and trust expenditures, tut
ducted from the totals.
-t.ich
Includes expenditures of the Federal intermediate ere'
.''til
were operated as trust fund enterprises from January :.
Government-sponsored
January 1959, when these banks were classified as
enterprises.
,.
,
,
«1 Insurance
Total includes $899 million for Federal Supt
Trust fund.
.
.'
3/
. .
...
.
,
.
.
;
,
Treasury Bulletin
u
.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
trust
accounts,
etc. 1/
Total
1/
2,339
597
-1,130
925
855
493
1957
1958
1959
1960
1961
1962
1963
Federal
Old-Age and
Survivors
Insurance
Trust Fund
2,302
506
-1,232
760
707
Government
Life
Insurance
Fund
-16
-56
-17
Federal
employees'
retirement
funds
303
671
H i ghway
Trust
Fund
Other
trust
accounts
etc. 1/
127 2/
-24 2/
-3 2/
45
27
93
21
461
69
149
456
573
967
1,664
4,509
-1,443
1,200
-432
164
174
307
1,003
976
195
74
-16
-23
1,150
1,049
-105
-90
1,353
292
1,294
255
7
-3
379
5
93
19
-15
71
81
3,597
3,737
472
47
485
63
190
-4
-5
-3
-4
28
46
67
-1 ,362
-286
-207
844
-'15
6
-1 ,471
776
88
-818
2,227
-20
45
129
-661
9
10
-3
-5
301
-821
1966 (Est.)....
1967 (Est.)...
1,936
4,944
1965-February
March.
April
May
June
.
'
615
790
296
-74
120
558
-596
,937
1,721
-1,499
-129
-1,695
?,734
1966- January.
February.
-1,897
1,749
-1
-1,612
-911
1,295
-1,119
-1,025
233
-499
-952
7?
-23
14
-92
-7
-82
-6
-1,108
2,446
-1,206
-1,206
563
-968
-41
1
27
-1,045
2,515
-1,210
-1,308
519
-935
692
-99
48
-103
-105
-26
-151
July
Augus t .
September
October,
November.
December
Fiscal 1966
to date
274
-1,255
-1,011
National
Service
Life
Insurance
Fund
-129
-139
-263
>
1,782
2,412
2,327
.
Unemployment
Trust
Fund
95
76
62
-44
44
-90
69
126
.
.
Railroad
Retirement
Account
-33
-35
264
-78
-63
2,775
2,356
.
Federal
Hospital
Insurance
Trust Fund
325
729
552
494
285
-499
-1,290
-726
-225
-1,089
1964
1965
.
Federal
Disability
Insurance
Trust Fund
-76
8
1,063
1,034
1,075
1,126
1,214
-3
7
-4
_2
40
-174
346
-4
-5
-6
-4
64
929
50
-29
470
8
14
-19
-35
-68
-77
303
-12
149
-73
-40
149
-345
- ;'-'
871
-35
-44
-25
-22
-22
958
66
68
117
34
687
-1
4
-21
418
-393
-428
233
202
242
-69
-344
12
52
30
-27
12
-23
-47
-59
-149
301
70
-32
17
347
82
13
95
-121
-25
43
27
2
51
443
Trust accounts, etc .-(Continued)
Public enterprise funds
Government-sponsored enterprises
Fiscal year
or month
Total
Governmentsponsored
enterprises
1957
39
1958
1959
1960
460
-70
239
434
1961
Banks
for
cooperatives
Federal
Deposit
Insurance
Corporation
104
115
124
134
148
154
Federal
home
loan
banks
51
53
-i.
191
183
180
-U1
1966 (Est.)
1967 (Est.)
322
323
220
223
101
July
August. .
September
October.
November
December.
-370
290
.
.
.
1
966- January
February.
Fiscal 1966
to date
.
.
4
5
14
-3
9
282
-193
-160
210
5
57
Federal
Housing
Administration
91
43
72
30
339
-370
312
8
Total
public
enterprise
funds
102
166
149
30
771
1965-February.
March
April
May
June
Federal
intermediate
credit
banks tj
-67
346
-299
102
287
1962
1963
1964
1965
161
Federal
land
banks
36
I;
363
-104
Federal
National
Mortgage
Association sy
78
62
97
-32
36
138
-193
Federal
Savings and
Loan Insurance Corporation
18
19
17
18
P.
42
-27
-64
34
229
269
244
208
Tennessee
Valley
Authoriity
Other
-85 6/
51
-12
-29
-10
14
18
18
22
-18
19
45
12
-145
100
273
434
-64
335
-375
297
60
36
-109
-140
56
6
-61
8
143
-370
259
-6
7
266
-198
63
69
-4
-102
-45
-21
-24
-1
16
-24
6
18
4
-6
33
-217
113
4^
1
3
15
21
23
-16
17
21
6
48
69
36
-146
Source:
See Table 1
1/ See Table 1, Note.
2/ Includes Federal intermediate credit banks.
See also Table 3,
footnote 7.
37 Includes $174 million for Federal Supplementary Medical Insurance
Trust fund.
5/
6/
261
41
351
40
30
-57
-6
-3
10
-1
-119
-50
-17
1
13
52
15
18
-13
-86
18
-8
1
See Table 3, footnote 7.
Management and liquidating functions as provided by the Housing Act
of 1954, approved August 2, 1954 (12 U.S.C. 1721).
Investment includes guaranteed securities.
Includes net transactions in guaranteed securities. See also footnote 5
Less than $500,000.
...
March 1966
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
PubWc enterprise
Fiscal year
or month
Total 1/
Total
guaranteed
1957
1958
1959
1960
-1,171
-400
-1,293
-1,746
-33
6
-10
-29
Federal
Farm
Mortgage
Corporation
537
-100
-204
-162
-206
223
-204
-162
-206
223
1966 (Est.)
1967 (Est.)
-2,079
-1,338
192
154
192
154
,
July
August
September
October
November
December
-15
-473
,
1966-January
February
Fiscal 1966 to date
62
-29
-27
62
51
16
16
-1,137 2/
-406
-1,283
-1,717
-19
Home
Owners'
Loan
Corporation
-233
6
638
-1,576
-860
-1,674
-1,595
797
-2,271
-1,492
45
-301
-312
-509
-393
116
-28
-20
29
28
-131
-445
69
-62
-197
-168
29
28
-265
-260
40
-19
9
40
-19
-305
-241
-1,121
155
155
-1,277
9
Federal
National
Mortgage
Association 2/
1/
51
116
-28
-20
49
-33
C.
stadium
fund
-81
-29
-27
16
-327
-249
-458
-378
D.
6
-1,780
-1,022
-1,880
-1,372
,
1
-10
-28
1961
March
April
May
June
Public enterprise funds
Total not
guaranteed
-33
1962
1963
1964
1965
1965 -February
Home
Owners
Loan
Corporation
Federal
Housing
Administration
Securities not guaranteed by the United States
Trust
enterprise
fund
funds
35
Securities not guaranteed by the United States- (Continued)
Fiscal year
or month
Public enterprise
funds - (Cont.)
Federal
intermediate
credit
banks ij
Federal
National
Mortgage
Association
-238
-225
-950
-115
-125
-994
-46
-20
-86
-46
-554
-284
-340
-144
-52
-48
-29
-39
-189
200
-750
-975
-1,431
-556
-124
-132
-278
-182
-147
-220
-192
-174
-35
-45
86
-359
597
262
-99
-70
-100
-1,387
-500
-70
-80
-243
-300
-201
-212
-300
-300
-15
-1
-56
16
-53
215
-184
-94
-300
-273
-41
-63
-72
-88
-96
-129
-23
-50
-251
2
12
-37
-43
25
-203
-84
-81
22
99
120
Tennessee
Valley
Authority
1957.
1958.
1959.
1960.
58
1961.
1962.
1963.
1964.
1965.
-50
-95
1966 (Est.)...
1967 (Est.)...
1965-February
March.
April.
May
June. • . .
.
.
.
.
July
August
September
October
November
December
1966-January
February
Fiscal 1966 to date.
-35
Banks
for
cooperatives
5_/
27
18
-9
-104
101
3
-15
-10
48
-88
-74
35
-15
-600
Total includes Federal intermediate credit banks which were classified
as public enterprise funds prior to January 1, 1957, as trust enterprise
Federal
home
loan
banks
Federal
intermediate
credit
banks 4/
-23
151
13
-132
-300
to January 1
Ij
£/
»
funds January 1, 1957
enterprises thereafter.
See footnote 3.
Secondary market operations.
Less than $500,000.
Federal
land
banks
-230
191
282
3
-454
-59
Source: See Table 1.
1/ See Table 1, Note.
2/ Management and liquidating functions.
3_/
Government-sponsored enterprises
Trust enterprise funds
51
-7
-62
59
-95
-242
-250
-248
-559
*
-117
-117
-81
1
-62
3
-44
5
-110
-288
1959, and as Government-sponsored
Treasury Bulletin
16
.TRUST 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
Federal
Old-Age and
Survivors
Insurance
Trust Fund 1/
1957
1958
124
1959
1960
1961
1962
1963
196A
1965
1966 (Est.)
1967 (Est.)
1965-February
March
April
May
June
July
August
September
October
November
December
1
966- January
February
Fiscal 1966 to date
March 1966
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
and payments to the public as derived in the Budget of the
from expenditures currently, but are added later when actual
United States (in the Budget for 1967 in Special Analysis A).
payments are made.
Shown also is the amount of net cash borrowing from, or repayRevisions of the figures for
accrued on the public debt and expenditures involving the
issuance of a few special public debt securities. Checks
earlier years have been made where necessary to make them as
outstanding, deposits in transit, and other clearing accounts
nearly comparable with current Budget classifications as avail-
differ somewhat from those published in previous Budget doc-
are excluded from payments.
Receipts from the exercise of
monetary authority are excluded as not representing cash
received from the public. Federal cash borrowing from the
cuments as well as in the Bulletin.
public includes net borrowing by the Treasury through public
ment of borrowing to, the public.
able data will permit.
For this reason certain of the figures
These items consist of certain interest
This series of cash transactions is designed to provide
debt transactions and also net borrowing by Government agencies
information on the flow of money between the public and the
and Government-sponsored enterprises through sales of their
Federal Government as a whole, and therefore includes transactions not cleared through the account of the Treasurer of
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 intragovernmental transactions which are
reported as both expenditures and receipts are excluded from
and in cash held outside the Treasury.
. ..
.
.
Treasury Bulletin
18
CONSOLIDATED CASH TRANSACTIONS
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
Federal receipts from the public
Fiscal year
or month
Administrative budget
receipts
(net)
Fiscal year:
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966-January
February.
.
.
.
.
.
.
.
Fiscal 1966 to date
(net)
Intragovernmental and
other
noncash
transact ions
(See Table 2)
-5,165
-5,681
135,048
145,048
-6,894
491
11,227
13,065
10,492
11,587
15,334
7,14b
8,139
8,268
8,116
9,070
2,183
2,064
2,949
2,323
3,599
277
-637
-741
128
-1,098
9,606
9,566
10,476
10,567
11,571
1,620
3,499
16
1,290
3,763
-242
-328
-354
-274
-390
-650
4,981
11,595
12,599
4,283
10,728
10,838
7,240
8,990
9,452
8,750
9,105
9,426
2,418
2,349
3,142
2,447
2,707
2,636
37
9,696
960
-1,504
-679
-942
12,299
11,090
10,518
12,312
11,121
-4,714
-705
1,509
-6,234
-1,584
-283
951
4,181
-313
-116
7,091
12,400
8,809
8,156
3,048
2,621
-624
486
11,233
11,264
-4,142
1,136
19,284
-2,667
74,515
69,929
21,369
-1,766
89,532
-15,017
-5,385
-7,068
128,154
145,539
7,518
11,188
8,549
7,268
13,404
3,746
2,175
2,201
4,885
3,219
-37
-298
-257
-296
-1,289
3,807
7,350
10,999
3,295
8,106
9,553
1,417
4,572
1,954
1,262
3,012
1,935
6,453
8,335
57,899
',
-5,111
_
-5*266
-5,436
-
'
,
6,4
500
Cash borrowing from the public, or repayment (-)
Net sales
of Government agency
securities in
market 1/
Net investment
in securities by
Government
agencies 2/
Total
securities
held by
the public,
increase, or
decrease (-)
Noncash
debt
transactions
(See Table 2)
Total
cash
borrowing
from the
public,
or repayment (-)
Plus:
SeignDrage
decrease (-)
i
Treasurer
account
2/
1
9,594
5,579
3,859
4,328
45
69
117
1,897
-2,060
901
-3,910
-186
2,197
1,289
105
1,480
1,795
-95
-327
-2,163
11
13
13
12
14
318
-383
-378
3,370
2,385
-24
9
14
26
36
32
48
-4,124
-858
1,010
-2,852
974
-177
5,853
5,561
1966 (Est.)..
1967 (Est.)...
2,328
1,835
2,079
1,338
-1,936
-4,944
2,4-71
-1,771
-289
1965-February.
March. .
April. .
May
June
1,900
-2,186
-1 , 140
2,661
-1,944
-16
327
249
458
378
-1,353
-292
1,471
-3,597
-615
530r
-2,151
580
-60
43
-57
470r
-2,108
-478
-2,180
151
17
15
367
-383
-332
3,495
2,460
83
-50
168
-45
1,045
-2,515
1,210
1,303
-519
935
1,099
1,308
265
260
1,897
-1,749
3,261
-181
-84
3,177
-255
60
-1,076
973
6,037
1,121
1,612
8,770
-559
8,711
274
-6,131
.
.
.
July
August.
September.
October . .
November .
December.
.
1966-January.
February
.
.
.
Fiscal 1966 to date.
-692
1,658
-1,493
2,154
2,810
-807
'
473
-49
33
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 page II); estimates, including effect of proposed legislation, are from the 1967 Budget document
released January 24, 1966.
See "Trust and Other Transactions", Table 5, for net sales and
4,578
Source:
1/
2/
3/
-46
-125
-75
-107
Cash held
outside
the
Treasury
53
55
58
-3,392
5,619
10,785
2,446
1,248
10,517
6,612
9,230
7,659
s
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
1,575
-3,100
5,820
-2,339
-597
1,130
-925
-855
-493
-2,069
-2,775
-2,356
292
200
-2,160
-597
-536
-923
-1,033
-1,099
-250
2,099
-1,580
-13,092
750
-2,300
-5,797
-4,012
-4,802
-2,696
Cash balances,
Equals:
net increase, or
1,171
400
1,293
1,746
-537
1,780
1,022
1,880
1,372
363
1,625
2,640
8-,
1c
33,786
37,882
33,539
41,608
-2,224
5,816
1
112,847
100,000
111,000
Plus:
Fiscal year:
1957
1958
1959
1960
1961
1962
1963
1964
1965
put
-3,749
19,521
21,212
22,793
25,141
26,545
89,459
93,072
80,342
76,539
81,515
87,787
92,642
97,684
96,507
,
,
Change in securities held by the public
Fiscal year
or month
Equals:
Excess of cash
receipts from,
or payments
to (-), the
29,i 37
15, 325
Public
debt increase, or
decrease (-)
Total
Federal
payments
to the
public
80,006
83,472
94,752
94,328
99,542
107,662
113,751
120,332
122,395
12,938
71 369
'
.
Trust fund
expenditures (net)
82,105
81,892
81,660
95,078
97,242
101,865
109,739
115,530
119,699
,
July
August
September
October
November.
December.
Administrative budgel
expenditures
-2,758
-2,811
-3,025
-3,027
-4,001
-3,834
-4,326
-4,259
-4,420
68,550
67,915
77,763
77,659
81,409
1965-February
March
April
May
June
(net)
Total
Federal
receipts
from the
public
14,301
16,153
16,769
20,342
23,583
24,290
27,689
30,331
31,047
70, 562
1966 (Est.)
1967 (Est.)
Trust
receipts
Intragovernmental and
other
noncash
transactions
(See Table 2)
Federal payments to the public
Less:
59
44
.
1,848
712
523
5
140
-23
-4
-222
118
-74
206
174
-401
Total
changes
in the
cash
balance
-952
4,299
-4,422
2,651
-1,533
3,854
1,611
-874
1,749
-4,096
. ....
1
.
March 1966
19
CONSOLIDATED CASH TRANSACTIONS
Table 2.- Intragovernmental and Other Noncash Transactions
(
In millions of dollars)
•vernmental transactions excluded from both receipts and payments
Nonca
debt
transactions
relating
to receipts
-
Civil service retirement
Interest
on trust
fund
year
or month
1
1/
Federal
Payroll
deductions
for employees
invep*
payments
Employers
share
to Di
of Columbia
:-
Seigniorage
2/
Total
receipts
adjustments
Fiscal year:
"
i
i
,
e
1
3
,
660
744
744
838
845
r
1,327
1,404
1961
1963
1964
1965
1966 (Est.)
1967 (Est.)
.
...
54
838
74
102
914
973
83
1,759
,042
102
1,810
1,957
1,065
1,073
,065
,073
101
50
42
76
95
93
55
80
76
95
93
80
4
4
-8
26
11
July
August
September.
October
November
December
.
914
973
1,042
.
1965-February
March
April
Hay
June
525
579
41
1,342
1958
1959
1960
B3
l
e
2,709
2,751
2,980
2,975
3,945
3,776
103
105
792 4/
561
898
559
357
-178
80
23
42
10
1,080
39
7
6
39
24
65
90
91
90
91
24
15
129
81
86
81
86
87
6
-9
4
25
4,190
4,303
58
45
69
117
2,758
2,811
3,025
3,027
4,001
3,834
4,326
4,259
4,420
4,484
5,500
901
1,568
5,385
7,068
27
11
37
285
244
284
1,275
13
13
12
298
257
296
1,289
59
44
53
55
.
443
1,245
::
49
125
53
233
314
328
238
358
602
14
56
349
87
48
242
328
354
274
390
650
8
69
103
86
103
2
17
37
-191
253
68
60
48
313
116
608
715
715
85
270
2,394
274
2,667
11
.
44
1966- January
February
Fiscal 1966 to date
53
40
9
14
26
36
32
Noncash debt transactions relating to payments
Intragovernmental
transactions
Fiscal year
or month
i,
above)
Interest
increment
on savings Discount
and retire- on
securit ies
ment plan
(ne1
bonds
(net) %'
United
Nations
funds
bonds
T
InterAmerican
Development
Bank 7/
International
Development
Association
7/
International
Monetary
Fund 7/
Other 8/
Total
noncash
debt
transactions
relating to
payments
Accrued
interest
on the
public
debt 9/
Checks
outstanding
and
certain
other
accounts 10/
Total
payments
adjustments
Fiscal
1957.
1958.
1959.
1960.
1961.
1962.
1963.
1964.
1965.
.
2,980
2,975
^,945
5,776
1,281
1,190
..
Est.)...
1967 (Est.)...
27
.
.
.
Fiscal 1966
to date
1/
2/
2/
y
i/
66
-41
-40
711 11/
448 11/
13
-4
11
-472
233
314
328
233
358
602
75
38
-21
17
75
24
-17
59
-1
76
597
536
923
1,033
1,099
250
31
56
-12
-10
-18
6
18
186
38
110
6/
X'
-557
576
548
-64
910
-913
1,899
3,222
5,111
3,423
4,766
5,266
5,436
6,237
3,749
107
-108
5,165
5,681
198
-128
-277
637
741
-128
1,098
-105
-281
279
-561
-500
-619
36
240
458
50
605
-812
-925
-461
524
403
46
537
593
125
75
107
414
-456
-97
-477
146
84
74
603
-801
559
44
beginning with fiscal 1958 excludes District of Columbia.
Includes mainly, general fund advances to trust funds (net), dividends
and interest Daid to the Treasury by trust enterprise funds, administrative expenses of the Federal Old-Age and Survivors, Federal
Disability, and Federal Hospital insurance trust funds, and the
Federal contribution to the Civil Service Retirement Fund.
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.
Beginning fiscal 1961 includes temporary extended unemployment compensation payments.
Accrued interest on the bonds, i.e. the difference between the purchase
39
93
76
132
60
-43
57
-151
-17
-28
44
38
253
68
-292
-200
2,160
574
289
-95
1,275
.
1966-January.
February.
577
611
571
171
255
117
-200
July
August.
September.
October.
November.
December.
.
145
119
268
144
491
285
.
-450
1,361
259
258
-131
413
-209
-
;,484
j,500
1965-February.
March.
April
May
June
.
333
136
87
-37
-960
1,504
679
-500
942
172
624
-486
-1,365
1,766
-316
price and the current redemption value less interest paid on bonds
redeemed.
Discount on securities at time of issuance less interest paid at time
redeemed.
securities
Treated as noncash expenditures at the time of issuance of the
net issuance,
and as cash expenditures at the time of their redemption;
or redemptions (-).
Includes adjusted service and armed forces leave bonds (see footnote ])
Net increase, or decrease (-), in accrued liability.
in transit,
Net increase, or decrease (-), in checks outstanding, deposits
and other accounts.
Not shown separately in the Budget document.
Less than $500,000.
.
8/
9/
10/
11/
. ..
.
,
,
Treasury Bulletin
20
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Source and Availability of the Balance in the Treasurer's Account
On occasions, to the extent authorized by the
Treasury, banks are permitted to deposit In these accounts
proceeds from subscriptions to public debt securities entered
the same bank.
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.
for their own account as well as for the account of their
The working cash of the Treasury Is held mainly In
customers.
Treasurer's accounts with Federal Reserve Banks and branches.
As the balances In these accounts become depleted, they are
The tax and loan account system permits the Treasury
to leave funds In banks and In the communities In which they
restored by calling In (transferring) funds from the tax and
loan accounts with thousands of commercial banks throughout
arise until such time as the Treasury needs the funds for Its
operations.
the country.
In this way the Treasury Is able to neutralize
the effect of Its fluctuating operations on bank reserves
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 securities.
and the economy.
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Seoretary
of the Treasury for 1955, pages 275-284.
In most cases the transaction Involves merely the transfer of
money from a customer's account to the tax and loan aocount In
Table 1.- Status of the Account of the Treasurer of the United States
(In millions of dollars)
Treasury operating balance
End of
fiscal
year or
month
Silver
Available
funds in
Federal
Reserve
Banks
1957
1958
1959
1960
498
410
1961
1962
1963
1964
1965
1965-February.
March.
April ....
May
June
July
August.
September
October.
November.
December.
.
.
19otj-January.
spec La]
in
depositaries
Treasury
489
535
504
408
612
806
939
672
5,453
8,815
10,324
9,180
10,689
109
938
5,800
7,271
121
944
-,934
8,822
10,689
6,333
5,548
6,394
3,534
4,872
4,577
111
875
672
947
916
',
Gold
balance
4,082
8,218
3,744
6,458
.
.
Tax and loan
accounts in
53
719
708
.
823
February.
805
3,360
4,399
Total
operating
balance,
coinage
metal
coin, and
currency
Unclassified
collections,
etc
In Federal
Reserve
Banks in
process of
collection
5,069
9,030
4,380
7,068
190
259
306
253
37
49
5,969
9,548
120
120
11,251
10,238
179
147
136
145
64
121
58
222
303
342
234
108
1 1
,469
534
55
233
452
492
57
54
206
104
107
110
6,909
8,253
7,990
9,810
11,469
7,390
6,569
7,503
4,697
103
107
5,693
5,392
105
4,288
5,309
536
586
87
401
101
106
114
112
108
111
105
63
55
70
74 3/
302
287
273
337
167
In other
Total
depositaries assets
440
365
429
375
335
441
313
360
320
319
266
357
272
320
268
507
527
534
559
4
.'-'
34
55
79
173
233
561
62
189
145
551
51
220
312
553
57
73
133
182
291
538
558
129
247
89
234
216
291
274
257
310
281
6,037
Balance in
Liabilities account of
Treasurer
1/
of U. S.
...
March 1966
21
,
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table 2.- Analysis of Changes In Tax and Loan Account Balances
(In millions of dollars)
Credits
Balance
Proceeds from sales of securities 1/
Fiscal year
or month
Savings
bonds
2,976
1957
1953
1959
1960
2,32.4
1961
1962
1963
1964
1965
Retirement
plan
bonds 2/
Tax
anticipation
securities
5,043
2,922
Total
credits
Withdrawals
End of
period
High
Average
4,152
7,903
5,919
6,053
45,448
55, 044
58,520
57,496
46,000
50,908
62,994
54,782
4,082
8,218
3,744
6,458
6,078
8,869
8,055
6,458
813
1,078
912
1,390
2,987
3,246
3,638
4,103
34,511
9,142
6,521
56,847
53,076
56,085
59,421
58,540
5,453
8,815
10,324
9,180
10,689
7,653
8,889
10,324
10,257
10,872
1,161
1,531
2,535
2,340
55,842
56,438
57,595
58,277
60,050
4,151
37,519
41,267
43,580
42,475
1,577
1,844
5,431
5,307
6,915
3,745
6,106
6,906
1,764
5,752
8,536
3,119
5,444
4,082
4,218
5,040
6,120
6,537
7,690
8,198
6,253
6,453
5,800
7,271
6,934
8,822
10,689
6,333
5,548
5,822
7,960
6,934
9,272
10,872
1
, 274
1
3,447
4,478
3,111
6,394
3,534
4,872
4,577
6,948
6,001
5,186
5,124
6,901
5,766
6,145
5,197
1,806
5,599
4,826
8,183
7,968
8,104
5,962
4,349
3,931
5,088
4,640
1,503
5,498
4,655
1,462
5,542
4,120
1,134
2,533
1,427
1,253
4,431
2,881
3,401
3,360
4,399
4,581
4,856
1,374
2,382
3,120
3,630
2,668
2,679
7,581
2,787
2,725
2,699
2,760
2,635
7,613
5,898
2,963
7,784
200
211
2,452
1966-January.
February
261
213
985
219
238
220
196
207
229
210
193
196
Income (by
special
arrangement) 4_/
Withheld
and
excise 3_/
6,568
13,513
13,164
7,920
During period
26,709
27,881
29,190
33,059
1965-February
March. .
April. ..
May
June
July
August. .
September
October.
November.
December
.
Other
Taxes
1,788
3,774
3,830
2,014
6,835
1
2,038
2,022
412
2,044
74
4,223
76
4,940
4,024
1,627
Source: 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 securities
purchased by them 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.
Retirement
plan bonds first offered for sale as of January 1, 1963.
2/
Taxes
eligible for credit consist of those deposited by taxpayers in
2/
the depositary banks, as follows:
Withheld income tax beginning
9,921
2 , 598
1,447
5,721
V
4/
*
5,337
1,924
7,592
6,159
53
4,374
5,591
5,939
4,900
6,521
3,368
4,457
5,325
4,747
March 1948; taxes on employers and employees under the Federal Insurance Contributions Act beginning January 1950, and under the Railroad
Retirement Tax Act beginning July 1951; and a number of excise taxes
beginning July 1953.
Under a special procedure begun in March 1951, authorization may be
given for income tax payments, or a portion of them, made by checks
of $10,000 or more drawn on a special depositary bank, to be credited
This procedure is followed
to the tax and loan account in that bank.
during some of the periods of heavy tax payments.
Less than $500,000.
..
Treasury Bulletin
22
•ACCOUNT OF THE TREASURER OF THE UNITED STATES
the Treasurer
Table 3.- Summary of Cash Transactions through the Account of
States
United
the
of
(In millions of dollars)
Net cash transactions other than borrowing
Deposits and withdrawals (budget,
trust, and other accounts)
Fiscal year
or month
Cash
deposits
Cash withdrawals 1/
Excess of deposits,
or withdrawals (-)
1957
1958
1959
I960
81,875
82,094
81,612
94,862
77,279
85,015
93,736
93,817
4,596
-2,921
-12,124
1,044
1961
1962
1963
96,897
105,911
114,454
121,562
125,464
97,774
112,188
118,477
124,047
126,395
-877
-6,278
-4,023
-2,485
-931
1964
1965
4,591
11,913
10,715
11,095
9,987
9,530
12,388
10,775
9,445
14,106
10,105
11,314
13,321
11,223
1,594
3,597
733
1,287
4,244
-3,880
-1,197
2,479
-6,723
-1,408
-509
1966-January
February ....
7,748
14,004
10,731
12,821
-2,984
1,184
Fiscal 1966 to date
80,028
93,065
-13,038
1965-February.
March
April
May
June
July
August
September.
October
November.
December.
.
.
.
.
.
.
.
12,689
13,494
10,264
13,675
15,018
5,564
12,909
12, 584
Clearing
accounts
2/
1,904
-1,126
Total net
transactions
..
.
..
March 1966
23
MONETARY STATISTICS.
Table 1.- Money in Circulation
(In millions of dollars except per capita figures)
Currencies no longer issued
Currencies presently
being issued 1/
-
End of fiscal
year or month
National
bank
notes
Reserve
Lank
1957
1958
59
57
'
II
Gold
certif i-
Silver
certifi-
Federal
notes 3
32
31
30
30
29
20
/
Treasury
notes of
1890
37
,
2,155
2,127
2,094
2,009
1,847
1,723
829
37
37
36
36
18
18
4
Total
Currencies
United
States
notes
Federal
Reserve
notes 4/
321
317
316
318
318
318
319
321
302
26,291
26,304
26,992
27,057
27,316
28, 536
30,274
32,338
34,820
29,040
29,071
29,699
29,726
29,943
31,117
32,592
34,529
36,058
1961
1962
1963
1964
1965
22
1964-December.
23
13
1,232
299
34,573
36,214
1965-January.
February
March. . .
April ....
May
June
22
22
22
22
22
22
13
13
13
13
13
13
1,121
1,057
988
922
877
829
289
296
299
299
303
302
33,585
33,663
33,900
33,864
34,311
34,820
35,104
35,124
35,296
35,193
35,599
36,058
July
August.
September
October.
November.
December.
22
22
22
22
22
22
13
13
13
13
13
13
786
753
722
698
681
651
299
302
302
301
305
299
35,016
35,253
35,506
35,793
36,777
36,973
36,208
36,414
36,635
36,898
37,868
38,029
629
291
36,007
37,032
54
53
37
36
.
.
1966-January.
19
13
22
End of fiscal
year or month
195"
Standard
silver
dollars
253
268
285
305
329
360
411
482
482
1958
1959
1960
1961
1962
1963
1964
1965
Fractional
coin
Total
coin
Total
money in
circulation 5/
Money in
circulation
per capita
(in dollars) 6/
1,833
1,929
2,033
2,133
2,293
2,466
2,723
3,180
2,042
2,101
2,215
2,318
2,462
2,652
2,878
3,205
3,662
31,082
31,172
31,914
32,065
32,405
33,770
35,470
37,734
39 720
181.52
179.08
180.20
177.47
176.45
180.98
187.30
196.41
204.13
39,619
204.75
,
1964-December.
482
2,923
3,405
1965-January. .
February.
March
April
May
June
482
482
482
482
482
482
2,954
2,987
3,038
3,085
3,126
3,180
3,435
3,468
3,520
3,566
3,608
3,662
38,540
38,593
38,816
38,760
39,207
39,720
198.99
199.09
200.05
199.58
201.69
204.13
482
482
482
482
482
482
3,208
3,269
3,326
3,374
3,474
3,545
3,689
3,751
3,808
3,856
3,956
4,027
39,897
40,165
40,443
40,754
41,824
42,056 7/
204.81
205.95
207.14
208.52
213.79
214.78
482
3,578
4,060
41,092
209.69
July
August. .
September.
October.
November.
December.
.
.
1966-January .
Circulation Statement of United States Money through December 1965;
thereafter, Statement of United States Currency and Coin.
Excludes gold certificates, Series of 1934, which are issued only to
Federal Reserve banks and do net appear in circulation.
Issued prior tj January 30, 1934.
Issued prior to July 1, 1929.
Source:
1/
2/
3/
.
4/
1/
6/
I'
Issued on and after July 1, 1929.
Excludes money held by the Treasury and money held by or for the
account of the Federal Reserve banks and agents.
Based on the Bureau of the Census estimated population. Beginning
fiscal 1959 estimates include Alaska, and fiscal I960, Hawaii.
Highest amount to date.
Less than $500,000.
..
.
.. .
...
.
.
Treasury Bulletin
24
DEBT OUTSTANDING
Table 1.- Summary of Federal Securities
(In millions of dollars)
Matured debt and debt bearing no interest
Interest-bearing debt
Total outstanding
Public debt
End of
fiscal
year or
month
Total 1/
Public
debt 2/
Guaranteed
securities
3/
.
1966-January
February.
.
.
470
499
519
490
462
453
4,388
4,346
4,391
4,347
4,357
4,391
4,384
4,344
4,388
4,345
4,355
4,389
240
227
234
195
244
278
3,462
3,434
3,494
3,489
3,470
3,470
317,599
318,921
413
433
4,407
4,392
4,404
4,391
230
3,558
3,548
315,545
313,332
312,209
314,166
313,113
690
717
655
604
317,056
318,742
317,270
319,394
322,176
321,359
316,582
318,240
316,748
318,901
321,711
320,904
474
502
522
493
465
455
312,667
314,396
312,879
315,047
317,819
316,968
322,419
323,746
322,003
323,311
416
435
318,012
319,354
July
August.
September.
October.
November
December,
.
312,197
313,896
312,359
314,557
317,357
316,515
316,235
314,049
312,864
314,770
313,702
May
June
.
294
272
250
1,158
292 6/
693
719
657
606
590
320 .575
318 416
317 ,213
319 ,823
317 ,864
.
589
4,337
4,364
4,347
5,052
4,161
319,883
317,697
316,557
319,218
317,274
240
.
4,340
4,367
4,349
5,053
4,163
813
590
288,971
298,201
305,860
311,713
317,274
.
2,496
2,667
2,922
3,289
3,167
3,303
3,373
3,367
3,167
3,167
240
289 211
298 ,645
306 ,466
312 ,526
317 864
.
3,299
3,759
3,906
4,356
4,161
285,672
294,442
301,954
307,357
313,113
1961
1962
1963
1964
1965
111
140
444
607
101
110
139
444
605
812
589
Source:
Daily Treasury statement.
1/ Includes certain debt not subject to statutory limitation. For amounts
subject to limitation, see page 1.
2/ Includes debt incurred for advances to certain wholly owned Government
agencies in exchange for which their securities were issued to the
Treasury (see Table 6).
3_/
4/
5_/
6/
International
Development
Association
Interflmerican
Development Bank
Other
5/
1,068
618
1,979
2,238
3,300
3,759
3,907
4,357
4,163
285,911
294,886
302,559
308,169
313,702
107
101
International
Monetary
Fund
2,042
1,646
2,873
3,090
106
270,527
276,343
284,706
286,331
Matured
2,042
1,646
2,873
3,090
268,486
274,698
281,833
283,241
270,634
276,444
284,817
286,471
Special notes to
3/V
268,592
274,798
281,944
283,380
1957
1958
1959
1960
1965-February.
March.
April. .
Public
debt
Guaranteed
securities
529
597
476
445
349
438
310
295
292
246
58
115
129
142
138
179
159
159
159
138
Guaranteed
securities 3/
(matured)
444
430
417
407
1
396
1
1
1
1
484
420
480
414
411
411
422
418
414
55
125
150
150
150
150
150
150
150
1
1
1
1
3
2
2
2
1
100
100
150
150
150
150
150
150
394
394
393
393
391
391
3
2
2
82
82
142
142
392
372
2
138
138
118
118
4
3
3
3
Held outside the Treasury.
Consists of Federal Housing Administration debentures, and also D.
Armory Board stadium bonds beginning July 1959.
For current month detail, see "Statutory Debt Limitation," Table 2.
Includes $909 million in Treasury bills which matured May 31, 1965
but for which settlement was made on June 1, 1965.
Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
Total interest-bearing securities
End of
fiscal year
or month
Amount
outstanding
Public debt
and guaranteed securi-
Public
debt
ties 1/
Total
public
debt
2/
Bills
3/
Certificates
Total
Treasury
bonds
3.197
1.033
3.316
3.815
3.345
3.330
2.842
4.721
2.504
2.806
3.304
4.058
2.482
2.576
2.619
9,320
2.707
2.546
2.891
3.449
8,769
9,534
10,141
10,931
11,488
8,761
9,519
10,119
10,900
11,467
3.072
3.240
3.361
3.561
3.678
3.072
3.239
3.360
3.560
3.678
3.063
3.285
3.425
3.659
. 800
2.584
2.926
3.081
3.729
4.064
3.073
3.377
3.283
3.704
3.680
3.921
3.854
3.842
2.829
3.122
3.344
3.471
3.642
315,545
313,332
312,209
314,166
313,113
11,487
11,435
11,425
11,508
11,488
11,462
11,408
11,401
11,486
11,467
3.649
3.657
3.668
3.672
3.678
3.649
3.657
3.668
3.672
3.678
3.769
3.782
3.797
3.803
3.800
3.957
4.013
4.053
4.064
4.064
3.826
3.825
3.844
3.843
3.842
312,667
314,396
312,879
315,047
317,819
316,968
312,197
313,896
312,359
314,557
317,357
316,515
11,440
11,530
11,487
11,607
11,796
11,846
11,423
11,512
11,468
11,590
11,779
11,830
3.675
3.683
3.688
3.702
3.730
3.756
3.675
3.683
3.688
3.702
3.730
3.756
3.795
3.800
3.807
3.821
3.857
3.890
4.047
4.047
4.074
4.097
4.154
4.273
3.842
3.848
3.848
3.860
3.934
3.933
318,012
319,354
317, 599
318,921
11,998
12,265
11,983
12,249
3.792
3.860
793
861
3.934
4.026
4.395
4.522
1961.
1962.
1963.
1964.
1965..
285,911
294,886
302,559
308,169
313,702
285,672
294,442
301,954
307,357
313,113
1965-February.
March. .
April.
May
June
316,235
314,049
312,864
314,770
313,702
July
August. .
September
October.
November
December.
1966-January.
February.
7,328
7,248
Source:
On the basis of the daily Treasury statement.
Note:
The computed annual interest charge represents the amount of interest
that would be paid if each interest-bearing issue outstanding at the end
of each month or year should remain outstanding for a year at the
applicable annual rate of interest. The charge is computed for each
issue by applying the appropriate annual interest rate to the amount
outstanding on that date (the amount actually borrowed in the case of
securities sold at a premium or discount, beginning with May I960)
The aggregate charge for all interest-bearing issues constitutes the
total computed annual interest charge. The average anpual interest
rate is computed by dividing the computed annual interest charge for
1
Nonmarketable
issues
Special
issues
Guaranteed
securities
1/
y
2.730
2.638
2.867
3.297
268,486
274,698
281,833
283,241
.
Public
debt
Marketable issues
2.730
2.638
2.867
3.297
268,592
274,798
281,944
283,380
.
Public debt
and guaranteed securities 1/
Public debt
Total
interestbearing
securities
7,325
7,245
8,066
9,316
1957.
1958.
1959.
1960.
.
Computed annual interest rate
Computed annual
interest charge
4.?51
4.851
.
i
2.853
2.892
2.925
3.219
2.635
2.630
2.694
2.772
2.611
2.622
2.628
2.681
2.803
2.891
3.003
3.238
3.372
3.144
3.500
3.658
3.782
3.660
3.629
3.629
3.630
3.642
3.642
3.330
3.364
3.412
3.462
3.493
3.489
3.492
3.496
3.483
3.493
3.279
3.282
3.271
3.320
3.372
3.697
3.715
3.683
3.661
3.660
3.642
3.652
3.652
3.652
3.652
3.653
3.491
3.506
3.510
3.519
3.523
3.530
3.367
3.398
3.382
3.383
3.397
3.412
3.580
3.615
3.640
3.620
3.603
3.593
3.534
3.537
1.429
3.654
3.472
^.555
3.573
2.639
.
4.162
_L
1/
2/
3y
tj
the total, or for any group of issues, by the corresponding principal
amount. Beginning with dat3 for December 31, 1958, the computation 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 I960; see Table 3.
Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
On United States savings bonds the rate to maturity is applied against
the amount outstanding.
. ...
...
March 1966
25
DEBT OUTSTANDING
Table 3.- Interest -Bearing Public Debt
(In millions of dollars)
Public issues
Total
interestbearing
public
debt
End of
fiscal
year or
month
Marketable
Nonmarketable
Total
public
Treasury
Bills
Certificates
Notes
Treasury
bonds \J
bonds,
Total
savings investbonds
ment
series
Depositary
bonds
Foreign
series
securities 2/
1957.
1958.
1959.
1960.
268,486
274,698
281,833
283,241
221,658
228,452
237,078
238,342
155,705
166,675
178,027
183,845
23,420
22,406
32,017
33,415
20,473
32,920
33,843
17,650
30,973
20,416
27,314
51,483
80,839
90,932
84,853
81,297
65,953
61,777
59,050
54,497
54,622
51,984
50,503
47,544
11,135
9,621
8,365
6,783
196
1961.
1962.
1963.
1964.
1965.
285,672
294,442
301,954
307,357
313,113
240,629
249,503
257,153
260,729
264,463
187,148
196,072
203 , 508
13,338
13,547
22,169
56,257
65,464
80,830
75,025
81,964
88,464
47,514
47,607
48,314
49,299
5,830
4,727
206,489
208,695
36,723
42,036
47,230
50,740
53,665
50,043
3,546
3,256
117
138
103
103
59
860
648
392
1,132
1965-February.
March
April
May
June
315,545
313,332
312,209
314,166
313,113
269,976
267,674
267,807
266,333
264,463
104
93
72
589
609
699
61
312,197
313,896
312,359
314,557
317,357
316,515
317, 599
July
August.
September.
October.
November.
December
.
.
.
.
1966-January. .
February.
!18,
(
1
102,481
214,863
58,833
212,507
56,525
212,451
56,925
210,954 5/55,9285/
208,695
53,665
55,463
55,481
55,051
52,523
52,549
100,567
100,502
100,475
102,503
102,481
55,112
55,166
55,356
55,379
55,768
49,881
49,935
49,959
50,002
50,043
3,348
3,326
3,285
3,282
3,256
264,408
264,116
264,290
267,600
270,304
270,260
208,664
208,402
208,381
212,097
214,619
214,604
53,662
53,657
53,655
57,660
60,172
60,177
52,549
50,435
50,444
50,175
50,215
50,227
102,452
104,310
104,282
104,262
104,232
104,201
55, 744
55,714
55,909
55,503
55,685
55,655
50,119
50,155
50,180
50,259
50,320
50,324
3,255
3,252
3,243
2,816
2,809
2,797
49
48
49
49
273,243
273,139
217,656
217,690
61, 589
50,244
50,881
104,171
103,155
55,587
55,449
50,319
50,335
2,780
2,774
62,002
Daily Treasury statement.
Source:
1/ Includes $50 million of Panama Canal bonds for fiscal years 1957-60.
2/ Consists of certificates of indebtedness, Treasury notes beginning
January 1963, and Treasury bonds beginning September 1964, sold to
foreign governments for U. S. dollars.
2/ Consists of the dollar equivalent of Treasury certificates of
indebtedness and from October 1962 Treasury bonds issued and
Other
46,827
46,246
44,756
44,899
171
52,145
67,284
52,549
1,652
1,652
Special
issues
183
170
53,481
53,431
53,645
54,240
55,768
3,921
Foreign
currency
series
securities 3/
19
630
832
1,137
141
45,043
44,939
44,801
46,627
48,650
722
1,132
1,112
1,137
1,137
1,137
1,137
79
67
205
175
141
45,570
45,659
44,402
47,833
48,650
1,259
1,259
1,259
1,208
1,208
1,208
141
136
49
919
864
1,044
1,034
1,164
1,144
136
136
136
134
47,789
49,780
48,069
46,957
47,052
46,255
47
47
1,099
999
1,207
1,157
135
136
44,356
45.781
59
51
25
29
68
75
payable in designated foreign currencies.
Includes mainly Treasury bonds, Rural Electrification Administration
series beginning July 1960, and retirement plan bonds beginning
January 1963.
Excludes $998 million Treasury bills maturing May 31, 1966 for which
settlement was made on June 1, 1965.
4/
5_/
Table 4.- Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
(In millions of dollars)
End of
fiscal year
or month
Maturity classes
Amount
outstanding
Within
1
year
1
- 5
17,052
20,246
58,026
65,453
56,198
26,435
26,049
37,385
34,929
39,169
10,233
9,319
8,360
8,355
8,449
10,960
15,221
14,444
16,328
17,241
4 yrs.
4 yrs.
5 yrs.
5 yrs.
5 yrs.
89,829
87,517
88,126
89,901 2/
87,637
59,703
62,135
61,487
56,178
56,198
39,532
37,120
37,116
39,172
39,169
6,106
6,106
6,106
8,450
8,449
19,693
19,630
19,616
17,253
17,241
5
208,664
208,402
208,381
212,097
214,619
214,604
87,635
92,446
92,444
96,491
93,392
93,396
56,192
55,266
55,264
54,952
60,593
60,602
39,166
35,032
35,027
35,024
35,021
35,013
8,448
8,448
8,447
8,446
8,446
8,445
217,656
217,690
96,461
94,226
60,608
62,893
35,013
35,008
8,444
8,443
40,669
42,557
58,304
72,844
1961
1962
1963
187,148
196,072
203,508
206,489
208,695
81,120
88,442
85,294
81,424
87,637
58,400
57,041
214,863
212,507
212,451
210,954 2/
208,695
.
.
.
July
August.
September.
October. .
November.
December.
.
.
1966-January. .
February.
Average length
20 years
and over
4 yrs.
5 yrs.
4 yrs.
4 yrs.
71,952
67,782
72,958
70,467
1965-February.
March.
April. .
May
June
10 - 20
years
4,349
7,208
8,088
7,658
155,705
166,675
178,027
183,845
1965
- 10
years
26,407
27,652
21,625
12,630
1957
1958
1959
1960
1964
5
years
Source:
Office of Debt Analysis in the Office of the Secretary.
1/ All issues are classified to final maturity except partially tax-exempt
The last of these
bonds which have been classified to earliest call date.
12,328
21 ,476
9 mos.
3 mos.
7 mos.
4 mos.
6 mos.
mos.
1 mo.
mo.
4 mos.
11
yrs.
yrs.
yrs.
yrs.
yrs.
4 mos.
4 mos.
17,222
17,210
17,199
17,184
17,167
17,148
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
mos.
mos.
3 mos.
1 mo.
mo.
mo.
17,131
17,120
4 yrs.
10 mos.
11 mos.
5
5
5
5
4 yrs.
3 mos.
4 mos.
4 mos.
3
3
redemption on December 15,
bonds were called on August 14, 1962, for
2/
1966 for which
Excludes $998 million Treasury bills maturing May 31,
settlement was made on June 1, 1965.
..
.
.
Treasury Bulletin
26
DEBT OUTSTANDING
Table 5.- Special Public Debt Issues to United States Government Investment Accounts
,
Exchange
Stabilization
Fund
Federal
Deposit
Insurance
Corporation
Federal
Disability
Insurance
Trust
Fund
Federal
home
loan
banks
End of fiscal
year or month
Total
1957
1958
1959
1960
46,827
46,246
44,756
44,899
718
673
629
694
325
50
996
1,533
2,017
165
165
1961
1962
1963
1964
1965
45,043
44,939
44,801
46,627
48,650
108
292
232
556
500
260
270
312
2,299
2,304
2,165
1,903
1,563
1965-February
March
April
May
June
45,570
45,659
44,402
47,833
48,650
595
667
645
770
232
287
291
296
311
312
1,494
1,490
1,417
1,536
1,563
586
658
470
542
412
487
312
130
1,464
59
200
155
160
1,511
1,408
1,302
1,276
1,125
508
556
217
164
996
1,064
July
August
September.
October
November.
December.
1966-January
February.
.
.
.
.
47,789
49,780
48,069
46,957
47,052
46,255
.
44,356
45,781
.
.
94
In millions of dollars)
Federal
Old-Age
and
Survivors
Insurance
Trust Fund
Federal
employees
retirement
funds
Government
Life
Insurance
Fund
1
436
678
609
265
5,759
5,804
5,714
5,783
5,909
3,504
3,316
2,786
2,969
3,123
4,625
4,657
4,803
4,931
5,799
192
182
155
172
287
917
912
909
905
933
129
148
229
293
265
5,701
5,707
5,711
5,719
5,909
2,650
2,664
2,572
2,565
3,123
5,565
5,278
5,071
5,914
5,799
165
168
170
173
287
931
277
254
207
149
5,918
5,928
5,936
5,949
5,961
5,967
3,041
3,035
3,034
2,945
2,926
2,891
5,723
6,410
6,342
6,265
6,376
6,364
183
242
234
267
166
169
43
5,964
5,959
2,818
2,778
6,190
6,536
173
325
138
182
98
332
287
10,414
11,382
12,433
13,530
14,577
1,071
1,028
1,003
956
933
13,785
13,873
13,055
15,282
15,261
241
241
161
287
13,977
14,044
14,115
14,093
14,577
333
206
218
466
293
14,350
15,645
14,526
13,501
13,734
13,138
302
187
187
162
108
126
14,643
14,522
14,502
14,536
14,556
14,595
926
924
921
917
939
76
190
11,639
12,527
141
137
14,659
14,547
933
929
50
184
100
89
Other
1/
126
138
16,200
15,074
14,221
14,799
15,261
64
174
Unemployment
Trust
Fund
5,580
1,200
1,144
1,127
1,107
50
Rail-
road
Retirement
Account
7,996
6,671
5,636
7,394
7,738
8,608
9,397
74
372
82
100
National
Service
Life
Insurance
Fund
3,475
3,531
3,417
3,586
103
112
116
104
59
Highway
Trust
Fund
5,570
5,665
5,742
5,803
19,463
18,610
17,227
16,413
Source
Daily Treasury statement
1/ Consists of: Adjusted Service Certificate Fund through December 1956;
Postal Savings System through 1962; various housing insurance funds;
:
Federal
Savings
and Loan
Insurance
Corporation
404
822
429
1
234
70
Veterans' Special Term Insurance Fund; Veterans' Reopened Insurance
Fund beginning May 1965; and Federal Hospital Insurance Trust Fund
*
beginning February 1966.
Less than $500,000.
129
120
..
.
.
March 1966
27
DEBT OUTSTANDING
Table 6.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Agriculture Department
End of
fiscal
year or
month
Total
Agency
for
International
Development 1/
1957
1958
1959
1960
22,731
21,859
25,343
1961
26,011
1962
1963
28,634
29,166
1964
29,241
1965
23,354
735
712
1965-February.
March.
April.
May
June
27,484
27,795
28,128
28,352
28,354
July
August.
September
October.
November.
December.
.
.
.
.
1966- January
.
February
ExportImport
Bank of
Washington
3/
Housing and Urban
Development Department tj
Federal
Secretary National
Mortgage
5/
Association 6/
Other
2/
Saint
Lawrence
Seaway
Development
Corporation
13,383
11,528
12,874
12,704
2,519
2,728
2,923
3,155
265
256
323
369
1,205
1,528
1,937
1,636
282
476
730
977
1,741
1,502
2,351
,107
,062
11,534
12,990
13,599
13,990
13,111
3,332
3,484
3,657
3,828
4,075
456
854
1,027
1,170
1,235
1,698
1,830
1,476
830
513
1,213
1,567
2,005
2,302
2,753
3,202
3,167
2,716
2,393
1,899
724
724
724
724
712
12,495
12,783
13,028
12,995
13,111
3,980
3,980
4,070
4,070
4,075
1,209
1,232
1,222
1,254
1,235
342
327
383
548
513
2,673
2,719
2,744
2,774
2,753
2,082
2,049
1,974
1,937
1,899
123
123
124
25,697
26,612
27,254
27,752
27,023
27,458
712
712
712
712
712
701
10,803
11,532
11,947
12,314
11,086
11,494
4,075
4,170
4,170
4,170
4,290
4,203
1,237
1,256
1,265
1,382
1,399
1,404
336
367
365
2,803
2,838
2,956
2,956
3,006
2,989
1,668
1,672
1,768
1,739
1,778
1,902
27, 518
701
701
11,740
11,826
4,203
4,203
1,435
1,459
3,015
2,861
1 665
1 838
27,302
807
416
687
700
676
334
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 1964
Annual Report of the Secretary of the Treasury, pages 685-8, and the 1965
Combined Statement of Receipts, Expenditures and Balances of the United
States Government, pages 531-533.
Beginning fiscal 1957 figures exclude notes
1/ And predecessor agencies.
previously issued by the Administrator in connection with informational
media guaranties. The obligation 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."
2/ Farm housing and other loan programs, and Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund).
3/ Includes securities transferred from the Reconstruction Finance Corporation, but excludes securities issued under the Defense Production
Act.
4/ Formerly Housing and Home Finance Agency.
The urban renewal program
5/ Consists of notes issued to borrow for:
(formerly slum clearance program); college housing loans; and public
facility loans
6/
2/
£/
2/
2,338
Tennessee
Valley
Authority
Veterans'
Administration:
Direct
loan
program
Under
Defense
Production
Act
of 1950
Other
2/
2/
,198
,188
,164
,138
25,636
.
Commodity
Credit
Corporation
Rural
Electrification
Administration
Secretary:
Farmers'
Home
Administration
programs
2/
41
35
27
29
48
97
112
118
733
780
930
1,180
1,294
1,723
1,950
1,970
21
32
32
25
121
121
123
L23
124
95
1,330
1,530
1,730
1,730
1,730
1,964
1,976
1,923
2,019
2,056
22
22
29
35
51
1,730
1,730
1,730
1,730
1,730
1,986
1,986
1,986
2,051
2,056
44
124
124
95
95
95
95
95
124
124
124
124
124
124
95
95
100
100
100
100
1,730
1,730
1,730
1,730
1,730
1,730
2,063
2,063
2,063
2,053
2,053
2,053
51
53
54
56
55
58
124
124
100
100
1,730
1,730
2,053
2,048
66
68
10
10
50
B5
18
22
21
46
48
49
51
Consists of liabilities taken over by the Association from the
Secretary 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
from the Reconstruction Finance Corporation.
Public Housing Administration 1957-1963; Federal Housing Administration beginning January 1966.
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; Small
Consists of notes issued by the
Business Administration, fiscal year 1957; United States Information
Agency for informational media guaranties (see footnote l); Secretary
of Commerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund, fiscal years 1959-61 and 1963-65, beginning March 1963;
Virgin Islands Corporation beginning fiscal 1960; District of Columbia
Commissioners for the Stadium Sinking Fund beginning June 1962; and
Secretary of the Interior (Bureau of Mines) for development and
operation of helium properties beginning May 1964, and (Bureau of
Commercial Fisheries) for Federal Ship Mortgage Insurance Fund
beginning January 1966.
:
....
Treasury Bulletin
28
DEBT OUTSTANDING
Table 7.- Interest-Bearing Securities Issued by Federal Agencies But Not
Guaranteed by the United States Government
(In millions of dollars)
Federal National
Mortgage Association
End of fiscal
year or month
Federal
intermediate
credit banks
Banks for
cooperatives
Federal
home loan
banks 1/
179
199
924
1,159
1,456
1,600
1,552
1,646
1,888
2,137
Federal land
banks 2/ 3/
Management
and liquidating issues
570
All other
issues
Tennessee
Valley
Authority
1,050
1,165
1,290
2,284
1957
1958
1959
1960
5,013
5,423
6,708
8,4.07
284
330
738
456
992
1,259
1961
1962
1963
1964
1965
7,765
9,332
10,192
11,865
13,460
382
430
459
498
686
1,055
1,797
2,770
4,201
4,757
1,723
1,855
2,133
2,315
2,462
2,357
2,550
2,725
2,973
3,532
2,198
2,556
1965- February.
March. .
April
May
June
11,945
12,246
12,557
13,067
13,460
670
723
696
678
686
3,905
4,090
4,184
4,484
4,757
2,143
2,206
2,278
2,367
2,462
3,298
3,298
3,415
3,415
3,532
1,739
1,739
1,795
1,898
1,797
190
190
190
225
225
July
August.
September
October.
November.
December.
13,591
14,035
13,965
14,021
14,223
14,086
686
710
708
744
787
796
4,807
5,057
5,046
5,021
5,221
3,532
5,221
2,546
2,627
2,603
2,501
2,386
2,235
3,612
3,671
3,671
3,710
1,795
1,804
1,756
1,845
1,918
1,884
225
225
240
240
240
240
1966- January
February.
14,494
14,723
796
819
5,068
5,050
2,342
2,404
3,710
3,813
2,338
2,397
240
.
.
.
Source:
Office of Debt Analysis and agency reports.
Note:
The securities shown in the table are public offerings.
1/ The proprietary interest of the United States in these banks ended
in July 1951.
2/
2/
V
'•
797
797
797
1,960
1,698
1,797
50
145
145
180
225
240
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 offerIncludes small amounts owned by Federal land banks.
ings.
March 1966
29
.STATUTORY DEBT LIMITATION
The Second Liberty Bond Act (31 U.S.C. 757b), as amended
by an act approved June 30, 1959, provides that the face amount
of obligations issued under authority of that act, and the face
amount of obligations guaranteed as to principal and interest
by the United States (except guaranteed obligations held by
the 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, 194-6,
was $275 billion and that under the act of September 2, 1958,
was $283 billion. Temporary increases to the permanent limita$10
tion of $285 billion, have been authorized as follows:
billion from July 1, 1959, through June 30, I960 (act of
June 30, 1959); $8 billion from July 1, I960, through June 30,
1961 (act of June 30, I960); $13 billion from July 1, 1961,
through March 12, 1962, and $15 billion from March 13 through
June 30, 1962 (acts of June 30, 1961, and March 13, 1962); $23
billion frcm July 1, 1962, through March 31, 1963, $20 billion
from April 1 through May 28, 1963, $22 billion from May 29
through June 30, 1963, and $24. billion from July 1, 1963
through June 30, 1964. (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)); $39
billion from June 29, 1964 through June 30, 1965 (act of
June 29, 1964); and $43 billion from July 1, 1965 through
June 30, 1966 (act of June 24, 1965).
Table 1.- Status Under Limitation February 28, 1966
(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 June 24, 1965
328,000
Amount of securities outstanding subject to such statutory debt limitation:
U. S. Government securities issued under the Second Liberty Bond Act, as amended
Guaranteed securities held outside the Treasury
323,031
435
Total amount of securities outstanding subject to statutory debt limitation.
323,466
Balance issuable under limitation
4,534
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding February 28, 1966
(in millions of dollarsj
Class of security
Subject to statutory
debt limitation
Not subject to statutory
debt limitation
Total
outstanding
Put lie debt:
Interest-bearing securities:
Marketable:
Treasury bills
Certificates of indebtedness
Treasury notes
Treasury bonds
Total marketable
62,002
1,652
50,881
103,155
62,002
1,652
50,881
103,155
217,690
217,690
No nmarke table:
Foreign series:
Certificates of indebtedness
Treasury notes
Treasury bonds
Foreign currency series:
Certificates of indebtedness
Treasury bonds
Treasury cert if icates
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
515
310
174
515
310
174
318
839
87
9
50,335
318
839
87
9
50,335
15
47
2,774
25
Total nonmarketable
55,449
55,449
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 Special Fund series
United Nations F.A.0. World Food Program series
United States notes (less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes.
Other debt bearing no interest
I
Total debt tearing no interest
15
4?
2,774
25
45,781
45,781
318,921
318,921
244
246
55
1
55
1
3,548
3,548
82
142
82
142
38
38
167
88
23
323,031
Guaranteed debt: 1/
?st-bearing
Matured
433
Total guaranteed debt
Daily Treasury statement.
Held outside the Treasury.
3ource:
1
280
23
323,311
433
2
2
435
435
323,466
167
88
4,145
3,867
Total public debt
Total public debt and guaranteed debt
1
1
280
323,746
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS
Table I.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding February 28, 1966
Regular Weekly and Annual Treasury Bills
Than
Other
March 1966
31
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding February 28, 1966
Other Than Regular Weekly and Annual Treasury Bills - (Continued)
8
.
Treasury Bulletin
32
PUBLIC DEBT OPERATIONS.
Table 2.- Offerings of Treasury Bills
(Amounts in millions of dollarsj
Description of new issue
Issue date
Number of
days to
maturity \J
Maturity
date
Amount of
bids
tendered
Amount of bids accepted
On competitive basis
Total
amount
On noncompetitive basis 2/
In
exchange
Amount
maturing on
issue date
of new
offering
Total of
unmatured
issues outstanding after
new issues
Regular weekly bills:
1965-Nov.
5
91
182
2,139.8
1,843.5
1,201.2
1,000.1
946.6
877.0
254.6
123.1
184.7
153.5
1,201.4
1,000.4
15,611.9
26,027.5
10
12
90
181
1,960.6
1,916.8
1,200.8
1,000.0
943.8
874.4
257.0
125.6
159.3
80.5
1,201.0
1,000.9
15,611.7
26,026.7
17
19
91
182
2,058.2
2,099.6
1,201.1
1,001.0
953.2
377.4
247.9
123.6
141.6
76.2
1,200.8
1,001.8
15,612.0
26,025.8
May
24
26
90
181
1,907.9
2,400.1
1,200.5
1,001.3
970.8
892.4
229.7
108.9
193.0
123.6
1,200.4
1,000.8
15,612.1
26,026.4
Mar.
June
3
2
91
182
1,864.7
1,784.1
1,200.8
1,000.2
963.2
887.8
237.6
112.4
219.4
162.9
1,203.4
1,001.2
15,609.5
26,025.3
Mar.
10
June
9
91
182
2,359.3
2,133.7
1,201.7
1,000.1
251.8
125.1
178.3
104.7
1,201.9
1,000.3
Mar.
June
17
16
91
182
2,058.8
1,784.9
1,201.1
1,000.5
950.0
875.0
921.3
868.0
279.9
132.5
81.3
55-1
1,201.1
1,001.5
15,609.4
26,025.1
15,609.5
26,024.2
Mar.
24
2,209.4
2,382.5
1,208.3
1,003.3
988.3
887.6
219.9
115.6
145.5
59.3
15,617.1
26,026.0
June
91
182
1,200.6
1,001.5
23
Mar.
June
31
30
91
182
1,940.3
2,064.5
1,200.6
1,001.1
941.2
874.5
259.4
126.7
12.5
54.2
1,199.8
1,000.2
15,617.9
26,026.9
7
91
1,965.8
1,304.2
1,049.6
133.7
1
15,720.7
July
7
182
1,933.2
1,003.2
885.8
254.5
117.4
:
Apr.
122.7
1,000.9
26,029.2
Apr.
14
14
91
182
2,257.5
2,003.8
1.7
308.6
147.3
13.4
1,000.4
993.2
853.1
6.4
1,199.8
1,000.7
15,822.6
26,028.9
21
21
91
July
182
2,296.0
2,165.7
1,001.1
1,040.0
873.4
261.1
127.7
56.9
3.5
1,200.4
1,004.6
15,923.3
26,025.4
Apr.
28
July
-'-
182
2,083-9
2,304.9
1,301.1
1,000.2
1,045.8
879.9
255.3
120.3
215.4
152.4
1,200.1
1,000.6
16,024.3
26,025.0
May
5
Aug.
4
91
182
2,144.8
1,672.5
1,300.9
999.7
1,051.9
889.3
249.0
110.4
223.5
152.9
1,201.2
1,001.0
16,123.9
26,023.7
May
12
11
91
2,401.2
2,010.0
1,303.8
1,001.1
1,049.3
889.3
254.5
111.8
169.4
102.4
200
182
1,0C0.1
16,226.9
26,024.7
91
182
2,365.1
1,983.6
1,300.4
1,000.8
1,034-1
888.9
266.4
112.0
110.9
76.9
1,201.1
1,000.6
16,326.2
26,025.0
1,072.8
895-0
238.6
105.9
265.5
178.1
1,200.5
1,000.4
16,437.2
26,025.5
1966-Feb.
4
May
Feb.
Nov. 12
May
Feb.
Nov. 18
,
Feb.
Nov. 26
Dec.
2
Dec.
9
Deo. 16
Dec. 23
Dec.
1966-Jan.
30
6
Jan. 13
July
Apr.
Jan. 20
Jan. 27
Feb.
May
3
3
Feb.
10
Feb.
17
Aug.
Feb. 24
91
.
1
,
.
1
May
19
Aug.
18
May
26
Aug.
2;
91
182
2,404.1
2,095.2
1,311.4
1,000.9
(1966-Mar.
22
22
162
4,051
June
254
2,209.5
3,009.4
1,002.5
June
June
22
210
22
168
5,164.5
3,647.5
1965-Nov.
Dec.
1966 Jan.
30
Feb.
Mar.
Apr.
28
May
June
July
31
365
365
365
365
365
365
365
365
365
365
365
365
365
365
365
2,496.6
2,310.8
2,907.9
2,023.2
2,241.3
2,573.2
2,752.0
2,190.8
1,714.5
1,927.0
2,969.9
2,304.3
1,948.5
2,720.5
1,917.3
1,771.3
1
..
,
111.
.
Tax anticipation bills
1965-Oct.
11
t
One-year bills:
1964-Nov. 30
Dec. 31
1965^1 an.
Feb.
Mar.
Apr.
31
28
31
30....
Hay 28
June 30
July
31
Aug. 31....
Sept. 30
Oct. 31
Nov. 30.
Dec. 31
.
.
1966-Jan. 31....
Feb. 28p...
31
31
31
30
30
31
Aug.
Sept.
Oct.
31
Nov.
Dec.
30
1967-Jan.
Feb.
30
31
31
31
28
.6
801
444.9
201.1
3,009.4
4,011.9
2,513.2
1,006.6
2,041.0
770.3
472.3
236.3
6,525.2
7,531.8
1,000.5
1,003.0
1,000.4
1,000.7
1,000.3
1,001.2
1,000.9
1,000.6
1,000.2
1,000.3
1,000.5
999.9
1,000.6
1,001.0
1,001.4
1,000.2
948.4
957.3
947.9
965.7
946.6
52.
45.
52.
35.
53.
964.1
969.5
953.1
969.2
966.1
37.
Source: Daily Treasury statement; Bureau of the Public Debt.
Note: Tax anticipation and one-year bills are shown in the table each
month until the month in which they mature is no longer shown in the
issue date column for regular weekly bills.
1/ The 13-week bills represent additional issues of bills with an original
maturity of 26 weeks.
2/ For 13-week and 26-week issues, tenders for $200,000 or less from any
,564
y
943.4
950.9
954.6
948.5
944.7
.
31.
47.
31.
34.
57.
49.0
46.0
52.5
56.7
33.2
63.1
26.3
102.8
36.6
49.3
120.9
100.3
62.1
136.3
138.3
127.2
153.9
67.5
49.5
184.2
125.1
1,004.8
1,000.3
1,000.4
1,000.5
1,001 .5
1,001.4
1,000.1
1,001.2
1,000.5
1,000.4
1,000.5
999.9
1,000.5
1,003.0
1,000.4
12,007.4
12,010.1
12,010.1
12,010.2
12,009.1
12,008.8
12,009.5
12,009.0
12,008.8
12,008.6
12,008.6
12,008.6
12,008.6
12,006.7
12,007.7
12,007.1
one bidder are accepted in full at average price of accepted competitive bids; for other issues, the corresponding amount is stipulated
in each offering announcement.
Issued on November 24, 1965; additional to bills dated
October 11, 1965.
4/ Issued on January 5, 1966; additional to bills dated October 11, 1965.
i/ Settlement of $3,063,000 was made on May 28, 1965 and $997,823,000
on June 1, 1965.
y
March 1966
33
Table 2.- Offerings
Treasury Bulletin
34
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounts in millions)
Description of issue
1/
March 1966
35
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills V-(Continued)
(Dollar amounts in millions)
Description of issue
Number of
days to
maturity
Maturity
date
Issue
date
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
(Percent)
19 62- July
-October
-January
91
182
$2,212
1,202
$1,301
700
2.930
3.008
$200
July
12.,
-October
-January
91
182
2,365
1,126
1,301
700
2.974
3.096
201
July
19.,
-October
-January
91
182
2,454
1,068
1,302
700
2.983
3.133
201
July
26.,
-October
-January
91
182
2,127
1,362
1,298
703
2.892
3.103
200
91
182
2,161
1,576
1,301
700
2.874
3.075
91
182
1,972
1,203
1,301
700
2.801
2.990
197
August
2.
-November
-January
August
9.
-November
-February
August
16.
-November
-February
15
14
91
182
2,078
1,766
1,301
704
2.867
3.060
204
August
23.
-November
-February
23
21
92
182
2,003
1,651
1,301
700
2.837
2.984
99
30.
-November
-February
29
28
91
182
2,248
1,259
1,301
700
2.805
2.916
100
6.
-December
-March
6
7
91
182
2,054
1,332
1,301
700
2.834
2.977
100
2.789
2.911
101
August
September
13.
September
20.
September
[-March
13
14
91
182
2,377
1,291
1,301
701
—December
20
21
91
182
2,265
1,375
1,301
700
2.796
2.962
101
!-March
100
—December
September
1962. -December
27.
199
11963 -March
27
28
91
182
2,150
1,777
1,300
700
2.749
2.938
3
4
91
182
2,011
1,505
701
2.752
2.902
100
4.
-January
April
1,300
October
October
11.
January
April
10
11
91
182
2,136
1,631
1,301
701
2.760
2.864
100
October
18.
January
April
17
18
91
182
2,225
1,436
1,300
700
2.749
2.843
98
25.
January
April
24
25
91
182
2,133
1,394
1,301
700
2.742
2.828
102
October
January
31
91
182
2,207
1,573
1,301
701
2.686
2.775
101
November
1.
November
May
2
February
7
9
91
182
2,249
1,761
1,301
702
2.841
2.927
101
May
15..
May
14
16
91
182
2,325
1,436
1,302
701
2.801
2.846
103
November
23..
February
May
21
23
90
181
2,409
1,274
1,300
800
2.833
2.892
199
November
199
February
November
29..
December
6..
December
13..
December
20..
December
27..
February
28
May
.31
91
183
2,042
1,528
1,300
801
2.853
2.936
7
6
91
182
2,108
1,663
1,300
801
2.861
2.945
98
14
13
91
182
1,973
1,321
1,301
801
2.807
2.861
101
21
20
91
182
2,092
1,248
1,301
800
2.860
2.900
99
28
27
91
182
2,660
1,322
1,309
2.893
2.924
110
101
March
June
March
June
March
June
March
June
91
183
2,220
1,340
1,301
801
2.926
2.966
91
182
2,196
1,542
1,301
800
2.920
2.966
100
11
27
26
91
2,133
1,459
1,301
800
2.919
2.977
92
182
92
182
2,081
1,454
1,300
800
2.922
2.982
98
91
182
2,292
1,553
1,302
801
2.913
2.978
102
10
July
October
18
17
91
2,352
1,485
1,301
800
2.917
100
182
July
October
25
24
91
182
2,259
1,670
1,300
2.884
2.982
April
July
4
3..
January
10..
April
July
11
March
28,.
June
September
April
4..
July
October
April
11..
July
October
April
18,.
April
25..
1963-January
Footnotes at end of table.
802
5
5
3
11
(Continued on following page)
801
3.010
99
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills J/-
(Continued)
(Dollar amounts in millions)
Description of issue
date
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
Amount
of bids
tendered
Amount
of bids
accepted
91
182
* 2,054
1,668
$1,302
801
2.897
2.989
$101
91
182
2,119
1,715
1,301
802
2.905
2.993
100
Number of
days to
maturity
Maturity
Issue
date
(Percent)
1963-May
2
May
9
May
16
Jl963-August
October
\
November
1%4-May
May
July
July
July
September
August
November
15
14
91
182
2,397
1,583
1,302
801
2.903
2.990
98
February
May
20
21
91
182
2,321
1,431
1,202
800
3.524
3.660
-99
29,
February
May
27
28
90
181
1,987
1,614
1,201
802
3.480
3.630
-99
21.
August
November
20
91
19
182
2,258
1,633
1,202
900
3.482
3.598
101
August
November
27
27
91
183
2,073
1,709
1,200
900
3.476
3.595
97
2,123
1,409
1,202
902
3.448
3.549
103
21.
f
(19 6A-
28.
October
1965-January
14
91
182
23
1964-October
1965-January
22
21
91
182
2,070
1,333
1,201
900
3.502
3.619
100
30
1964-0 ctober
1965-January
29
28
91
182
2,204
1,889
1,201
902
3.475
3.591
101
10.
JL964-December
[1965-March
10
11
91
182
2,169
1,464
1,302
901
3.514
3.649
101
64- Dec ember
1965-March
17
18
91
182
2,083
1,474
1,302
900
3.541
3.693
102
24
25
91
182
2,200
1,624
1,302
901
3.542
3.692
101
31
2,086
1,451
1,301
900
3.555
3.711
100
16
September 17.
!19
September 24.
J1964- December
October
J1964- December
]1965-April
1965-January
|1965-March
1
April
July
22
22
91
182
2,099
2,475
1,200
1,001
3.821
3.960
99
April
29
29
91
182
2,185
2,465
1,203
1,003
3.848
3.946
104
6
4,.
May
August
5
91
182
2,226
2,470
1,203
1,004
3.888
3.968
105
11.
May
August
13
12
91
182
2,242
2,448
1,200
1,001
3.903
3.987
100
18.
May
August
20
19
91
182
2,074
2,162
1,200
1,000
3.936
4.015
98
25.
May
August
27
26
91
182
2,327
2,504
1,201
1,003
3.989
4.043
102
3
2,359
2,304
1,200
1,000
3.982
4.037
100
1.
21.
28.
{
February
February
February
February
March
March
April
April
April
1966- January
July
4.
June
September
2
91
182
25,
June
September
24
23
91
182
2,368
2,024
1,203
1,000
3.922
3.984
94
1.
July
September
1
91
182
2,061
1,938
1,200
1,002
3.921
3.993
102
8.
July
October
91
182
2,281
2,188
1,202
1,001
3.942
3.993
200
15.
July
October
15
14
91
182
2,336
1,832
1,201
1,001
7
7
91
182
1,966
1,933
1,304
1,003
3.937
3.991
4.532
4.718
April
July
14
14
91
182
2,258
2,004
1,302
1,000
4.585
4.737
102
April
July
21
21
91
182
2,2%
2,166
1,301
1,001
4.673
4.770
97
April
July
28
28
91
182
2,084
2,305
1,301
1,000
4.596
4.699
101
6.
January
13.
January
20.
L966- April
July
\
January
15
91
182
\
January
31
August
November
1
\
November
1
27.
f
1
Footnotes at end of table.
30
(Continued on following page)
97
105
March 1966
37
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Billsi/(Continued)
(Dollar amounts 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)
3
1966-May
August
February 10
May
August
February 17
February 24
1966-February
5
4
91
182
$2,145
1,672
$1,301
1,000
4.638
4.740
$98
12
11
91
182
2,401
2,010
304
001
4.650
4.775
104
May
August
19
18
91
182
2,365
1,984
300
001
4.695
4.876
100
May
August
26
91
182
2,404
2,095
1,311
1,001
4.696
4.892
111
Source: See Table 2.
Information in Table 3 covers bill offerings
January 2, 1961 through February 28, 1966.
1/ Excludes issues of strips of additional amounts of outstanding, regular
weekly bills for cash on June 14, 1961 ($1,802 million), November 15,
2/
1961 ($800 million), November 15, 1962, October 28, 1963, and
July 29, 1964 ($1,001 million each). See Table 4.
Equivalent average rate on bank discount basis.
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Date subscrip-
D
March 1966
39
PUBLIC DEBT OPERATIONS.
Table 4.- Offerings of Public Marketable Securities Othei Than
Regular Weekly Treasury Bills - (Continued)
Date subscription books
opened or bill
tenders received
Date
of
issue
Description of security 1/
Period to final
maturity
(years, months,
days) 2/
Amount of subscriptions tendered
Cash
y
Amount issued
Exchange
For
cash 2/
Allotment
In exchange
'ratio
4/
(In millions of dollars)
10/1/62
1-1/2$ Note
10/1/67-EO
10/9/62
10/15/62
2.969? Bill
10/15/63
10/29/62
11/15/62
11/15/62
11/15/62
4$
11/15/62
2.866$ Bill
10/
11/7/62
3-1/8 J Cert.
3-1/2$ Note
Bond
auction
11/15/63-D
11/15/65-B
2/15/72
iy
fl/17/63-1 i'Strip" of 10
3/21/63
series 24/
J
(At auction)
94. 5d
f 5/15/62
L 1/23/59
3-7/8$ Bond
Bond
4$
11/15/71
Reopenings
2/15/80 /"issued at 99.50
"1
1/8/63
1/17/63
4$
Bond
2/15/88-93
1/9/63
1/15/63
3.015$ Bill
1/15/64
At auction
1/30/63
2/6/63
2.929$ Bill
6/24/63
Tax ant. 11/
(At auction)
2/4/63
f 2/15/63
1
2/25/63
3/14/63
10/
4/18/62
3-1/4$ Cert.
3-3/4$ Bond
2/15/64-A
8/15/68
3/15/63
5/15/62
12/2/57
1/23/59
3-5/8$ Note
3-7/8$ Bond
3-7/8$ Bond
Bond
4$
2/15/67-B
11/15/71
11/15/74
2/15/80
2/6/63
2.855$ Bill
6/24/63
4/1/63
1-1/2$ Note
4/1/68-EA
4/18/63
4-1/8$ Bond
5/15/89-94
4/15/63
3.062$ Bill
5/15/63
5/15/62
3-1/4$ Cert.
3-5/8$ Note
6/11/63
6/20/63
4$
Bond
8/15/70
7/9/63
7/15/63
3.582$ Bill
7/15/64
7/29/63
8/15/63
3-3/4$ Note
11/15/64-F
8/27/63
9/3/63
3.575$ Bill
8/31/64
9/9/63
9/15/63
9/15/63
4/18/63
3-7/8$ Bond
Bond
4$
4-1/8$ Bond
11/15/68
8/15/73
5/15/89-94
10/1/63
3.586$ Bill
9/30/64
10/1/63
1-1/2$ Note
10/1/68-EO
10/9/63
10/15/63
3.537$ Bill
3/23/64
10/22/63
10/28/63
3.601$ Bill
4/9/63
4/10/63
4/29/63
f
1_
9/25/63
10/
4/15/64
Reopening
Reopening
Reopening
Reopening
("2/6/64^1
\4/9/64j"
11/15/63
3-7/8$ Note
10/30/63
11/4/63
3.633$ Bill
11/27/63
12/3/63
12/30/63
1/3/64
1/9/64
1/15/64
3.650$ Bill
1/13/64
T6/20/63
| 4/5/60
Bond
4$
4-1/4$ Bond
8/15/70
5/15/75-85
1/30/64
2/6/64
3.680$ Bill
1/31/65
2/3/64
f 2/1 5/64
^2/15/62
3-7/8$ Note
Note
4$
8/1 3/658/15/66-A
2/25/64
3/3/64
3.765$ Bill
2/28/65
3/31/64
2/15/64
3-7/8$ Note
8/13/65-D
4/1/64
1-1/2$ Note
4/1/69-EA
2,410
11m
2m
30y
lm
250
250
iy
5,244
2,496
138d
2,062
1,001
6,741
2,490
jioo 22/
4,287
1,515
1,074
1,131
100 3J/
11m
4,287
1,515
1,074
1,131
8y
94d
3iy
At auction
212
lm
300
iy
4,048
212
300
2,501
5,693
3,273
9m
7y
2m
16,262
1,906
iy
4,495
1,998
3m
iy
At auction
iy
iy
Tax ant. 11/
(At auction)
"Strip" of 10
series 46 /
(At auction)
(
41/
2,001 45/
132. 5d
Average)
2,108
1,001
3,612
20,069 47/
iy
1,891
3.590$ Bill
11/30/64 - At auction
iy
2,790
1,005 42/
3.707$ Bill
12/31/64 - At auction
iy
2,113
1,000 42/
159d
2,780
2,501 JO/
Reopening
Reopening
iy
At auction
Issued at 99.875
Reopening
At auction
Reopening
Issued at 99.70
iy
6,202
1,810
6,202
1,810
iy
2,412
4jh
10,227
4/3/64
4/8/64
3.719$ Bill
3/31/65
At auction
iy
2,568
1,001 42/
5/6/64
3.705$ Bill
4/30/65
At auction
iy
1,884
1,001 43/
5/4/64
JVl5/64
Note
4$
4-1/4$ Bond
11/15/65-E
5/15/74
Footnotes at end of table.
Issued at 99.875
iy
6m
10/
(Continued on following page)
52/
•ioo
.a/
}
8,560
1,532
54/
61
4/30/64
15/15/64
100 52/
1.001 43/
1,066
61
5y
42/
1.000 43/
2,212
6m
6m
2y
4,365 4§/
2,223
748
2,223
892
7m
4m
6y
21y
ioo 44/
1,000 43/
10/31/64 - At auction
6/22/64 - Tax ant. 11/
(At auction)
1,591
3,894
1,260
115
115
2,957
6m
ioo 42/
1,002 41/
2,395
160d
iy
6,398
1,001 43/
1,591
3,894
1,260
5y
ioo 40/
'-5/
6,398
2,631
2m
11m
8m
At auction
y
5,693
3,273
2y
At auction
5/15/65-C
1,502
2,442
iy
5y
V
6,741
2,490
ny
9y
30y
100
iy
6m
5y
16y
25/
25/
5y
Reopening
ioo 22/
1,001
8y
17y
Tax ant. 11/
( Reopening)
At auction 39 /
4,856
3,286
2,344
(Average)
3y
5/15/64-B
2/15/66-B - Reopening
10/28/63
10/
At auction 36 /
2,500 i/
4,856
3,286
2,344
3y
3m
9y
457
4,535
iy
1
11/19/62
457
5y
-At
8,560
1,532
noo 55/
Treasury Bulletin
40
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscription books
March 1966
41
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills- (Continued)
Date subscription books
opened or bill
tenders received
Date
Description of security 1/
of
issue
12/23/65
12/31/65
4.731* Bill
12/29/65
10/11/65
4.281$ Bill
1/10/66
1/19/66
1/25/61
1/31/66
r
1
6i
1/31/66
J2/15/66
2/23/66
2/28/66
4-3/4* Cert.
ill
4-7/8jf
5*
Note
4.945* Bill
12/31/66
-
.
.
.
Treasury Bulletin
42
PUBLIC DEBT OPERATIONS.
Footnotes to Table 4
22/
26/
22/
28/
29/
3_0/
31/
32/
33/
34/
35/
36/
37/
38/
39/
40/
41/
42/
42/
44/
45/
46/
47/
48/
42/
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 15 percent but in no case
In addition, $100 million of the bonds was
less than $50,000.
allotted to Government investment accounts.
Includes $2,166 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4$ certificates, $14 million of
the 3-5/8/6 notes, and $64 million of the 3-7/8$ bonds.
Subscriptions were permitted to be made with payment in cash or in
the 4$ notes or 3-1/4$ notes, both maturing August 15, 1962 (see
Table 7, footnote 13).
Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1962.
Subscriptions from States, political subdivisions ur 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 $50,000.
Subscriptions for the 4$ 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
In addition, $100 million of the bonds was allotted to
$100,000.
Government investment accounts
All subscriptions for the 4-1/4$ 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 amounts allotted to the public, there was allotted
to Government investment accounts $21 million of the 3-3/4$ notes
and $320 million of the 4$ 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 million for cash of ten series of weekly Treasury bills maturing
from January 17, 1963, to March 21, 1963.
Holders of approximately $458 million of Series F and G savings
bonds which mature in 1963 and 1964 were offered in exchange either
the 3-7/8$ bonds or the 4$ 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 multiple of
$500 of the bonds upon payment of any cash difference. Cash payments
amounted to $93,000 for the 3-7/8$ bonds and $101,825 for the 4$ 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 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 for reoffering to the public. The winning bid was $100.55119
per $100 of face amount for a 4-1/8$ 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 17).
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 18).
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
accounts 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
-
(Continued)
21 percent but in no ease less than $100,000.
50/ Issued to replace the one-year bills maturing January 15, 1964.
51/ In addition to amounts allotted to the public, $189 million was
allotted to Government investment accounts
52/ 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
In addition, $125 million of the bonds was
case less than $50,000.
allotted to Government investment accounts
53/ Includes $4,014 million allotted to Federal Reserve Banks and Government investment accounts of the 3-7/8$ notes.
2A/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 9 percent but in no case
less than $50,000.
£5/ Includes $6,383 million allotted to Federal Reserve Banks and Government investment accounts of the 4$ notes and $29 million of the 4-1/4$
bonds.
56/ In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $22 million of the 4-1/4$ bonds of
1987-92. and $4 million of the 4-1/8$ bonds of 1973.
21/ Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of ten series of weekly Treasury bills maturing from
October 15, 1964, to December 17, 1964.
58/ Subscriptions were permitted to be made with payment in cash or in 5$
notes or 3-3/4$ notes, both maturing August 15, 1964 (see Table 7,
footnote 22).
22/ Consists of allotments on subscriptions from holders of Treasury notes
maturing August 15, 1964.
60/ 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
circulars, totaled $1,950 million and were allotted in full. Subscriptions subject to allotment totaled $12,903 million: those up
to and including $100,000 were allotted in full; all others were
allotted 15 percent but in no ease less than $100,000.
61/ Subscriptions were permitted to be made with payment in cash or in
4-7/8$ notes or 3-3/4$ notes, both maturing November 15, 1964 (See
Table 7, footnote 24).
62/ Consists of allotments on subscriptions from holders of Treasury
notes maturing November 15, 1964.
Subscriptions from States, political subdivisions or instrumentalities
63./
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, totaled $6,607 million and were allotted in full. Subscriptions subject to allotment totaled $15,293 million: those up
to and including $100,000 were allotted in full; all other were
allotted 16.5 percent but in no case less than $100,000.
£4/ In addition to the amounts allotted to the public there was allotted
to Government investment accounts $322 million of the 4$ bonds of
1970, $325 million of the 4-1/8$ bonds of 1974, and $55 million of
the 4-1/4$ bonds of 1987-92.
Subscriptions
were permitted to be made with payment in cash or in
&2/
2-5/8$ bonds maturing February 15, 1965 (see Table 7, footnote 26).
66/ Consists of allotments on subscriptions from holders of Treasury
bonds maturing February 15, 1965.
67/ 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 $582 million and, as provided in
the offering circulars, were allotted in full where the subscriber
made the required certification of ownership of bonds maturing
February 15, 1965. Subscriptions subject to allotment totaled $10,054
million:
those up to and including $100,000 were allotted in full;
all othere were allotted 15 percent but in no case less than $100,000.
68/ Includes $4,253 million allotted to Federal Reserve Banks and Governmen
investment accounts of the 4$ notes and $65 million of_ the 4-1/4$ bonds
69/ Includes $3,051 million allotted "to Federal Reserve Banlcs and Governmen
investment accounts of the 4$ notes and $1,076 million of the 4$ bonds.
,
70/
Subscriptions were permitted to be made with payment in cash or in
both maturing November 15, 1965 (See Table
3-l/2Jt notes or 4JE notes,
7, footnote 28).
71/
Consists of allotments on subscriptions from holders of Treasury
not.03 anturing November 15, 1965.
72/ 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 $7,169 million and,
as provided in the offering circulars, were alloted in full where
tho subscriber made the required certification of ownership of notes
maturing November 15, 1965.
Subscriptions subject to allotment totaled
$4,893 million: those up to and including $200,000 were allotted in
full; all others were allotted 48 percent but in no case less than
$200,000.
22/ Subscriptions for $50,000 or less were allotted in full. Subscriptions
for more than $50,000 were allotted 14. 5 percent but in no case less
than $50,000.
24/ In addition to the amounts allotted to the public, there was allotted
to Federal Reserve Banks and Government investment accounts $1,250
million of the 4-7/8$ notes and $1,121 million of the 5$ notes.
Preliminary.
P
March 1966
43
PUBLIC DEBT OPERATIONS
Table 5.- Securities Issued In Advance Refunding Operations
Securities issued
Date issued
6/23/60
Amount
issued
(In millions)
3-3/4*
3-7/8*
Note
Bond
5/15/64-D
5/15/68
3-1/2*
3-1/2*
Bond
Bond
11/15/80
2/15/90
3-1/2*
Bond
11/15/98
Adjustment payments
at issue (per $100
of face value)
1/
By
Trea sury
To
Treasury
Effective
interest
rate 2/
$3,893
320
3.75*
3.88
10/3/60
1,095
1,248
24*
Eligible securities exchanged
b-l/2*
Bond
11/15/61
3.92
3.96
2-1/2*
2-l/2*
Bond
Bond
6/15/62-67
12/15/63-68
3.50
3.50
3.97
3.99
2-1/2*
2-l/2*
Bond
Bond
6/15/64-69
12/15/64-69
3.38
3.63
2-1/2*
Bond
8/15/63
3.62
3.62
643
993
V
Investment
yield j/
,14
2,343
3-3/8*
Bond
11/15/66
3-5/8*
Bond
11/15/67
2,438
1,131
1,296
1,177
3/15/61
$0.30
3.57
3.75
3.75
3.75
2-5/8*
2-1/4*
2-1/4*
Note
Bond
Bond
2/15/63-A
6/15/59-62
12/15/59-62
2.25
3.50
3.34
3.25
4.16
4.15
2-1/2*
2-1/2*
Bond
Bond
3/15/65-70
3/15/66-71
0.25
3.56
3.47
4.23
4.21
2-1/2*
2-1/2*
Bond
Bond
3/15/65-70
3/15/66-71
3.60
4.19
4.19
2-1/2*
2-1/2*
Bond
Bond
3/15/65-70
3/15/66-71
3,604
3-1/2*
11/15/80
Bond
1,035
238
4/
1,273
9/15/61
3-1/2*
Bond
-
2/15/90
722
576
V
$1.00
1,298
3-1/2*
Bond
11/15/98
495
692
V
2.00
1.00
3.55
1,187
4*
Bond
2.00
3.75
4.11
4.10
3*
2-5/8*
Bond
Bond
2/15/64
2/15/65
563
.25
3.98
4.20
2-5/8*
Bond
2/15/65
233
345
322
1.25
1.50
1.75
3.43
3.42
3.40
4.21
4.21
4.19
2-1/2*
2-1/2*
2-1/2*
Bond
Bond
Bond
6/15/67-72
0.25
0.50
3.50
3.49
3.48
4.19
4.19
4.17
2-1/2*
2-1/2*
2-1/2*
Bond
Bond
Bond
3.86
4.00
1,154
1,651
8/15/71
2,806
4*
3/1/62
3-1/2*
Bond
Bond
2/15/80
-
y
2/15/90 4/
9A5/67-72
12/15/67-72
900
181
3-1/2*
Bond
11/15/98
420
V
333
6/15/67-72
9/15/67-72
12A5/67-72
93T
772
1,093
98f
3-3/4*
Note
-
953
1,301
181
8/15/67-A
L
0.50
0.10
0.40
0.40
0.40
1.00
3.77
3.84
3-84
3.85
3.98
3.81
3.80
3.81
3.81
3.81
3.83
3-1/2*
2-5/8*
3-1/4*
3-1/4*
3-1/4*
4*
Certificate
Note
Note
Certificate
Note
Note
2/15/63-A
2/15/63-A
2/15/63-E
5/15/63-B
0.70
0.30
0.60
0.60
0.60
1.20
4.09
4.04
4.07
4.07
4.08
4.15
4.06
4.05
4.06
4.06
4.06
4.07
3-1/2*
2-5/8*
3-1/4*
3-1/4*
3-1/4*
4*
Certificate
Note
Note
Certificate
Note
Note
2/15/63-A
2/15/63-A
2/15/63-E
5/15/63-B
5/15/63-D
5/15/63-B
5A5/63-D
5/15/63-B
5,282
9/15/62
4*
Bond
8/15/72
370
259
402
449
720
379
2,579
Footnotes at end of table.
(Continued on following page)
Treasury Bulletin
AA
PUBLIC DEBT OPERATIONS
Table 5.- Securities Issued in Advance Refunding Operations -(Continued)
March 1966
45
PUBLIC DEBT OPERATIONS
Table 5.- Securities Issued in Advance Refunding Operations
-
(Continued)
Treasury Bulletin
46
PUBLIC DEBT OPERATIONS
Table 6.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills 1/
(In millions of dollars)
Issue
March 1966
Treasury Bulletin
48
_ PUBLIC
DEBT OPERATIONS
Subscript Ions for Public Marketable Securit ies
Table 6-- Allotments by Investor Classes on
B Ills a/- (Continued)
Treasury
Weekly
Regular
Other Than
(
In millions of dollars)
Allotments by investor classes
Amount issued
Date of
financing
Description of security
3.639* Bill
11/24/64
11/30/64
12/31/64
For
cash
1,504
6/22/65 2/
Commer- Individucial
als
banks
compa-
y
4
1
1
354
5
1
1
35
3
a
2
69
1
11/30/65
1,001
14/
3.972* Bill
12/31/65
1,003
14/
30
458
5
Bond
2/15/70
4,381
322
2,883
111
137
63
137
19
4-1/8* Bond
2/15/74
3,130
325
1,792
54
171
54
67
28
10
63
31
10
7
3.711* Bill
1/18/65
1/31/65
3.945* Bill
2/15/65
4*
Note
4.062* Bill
2/28/65
2,254
8/15/87-92 11/
975
1,742
1
2
102
374
3
87
487
1,018
51
43
165
473
6
2
40
15
1/31/66
1.000
11/15/66-E 8/
1,735
2/28/66
1.001
14/
42
14/
73
365
12
1
147
154
98
3
2
4,253
944
1,078
116
43
27
41
3/31/65
3.987* Bill
3/31/66
4/30/65
3.996* Bill
4/30/66
1.001
r
55
6/22/65 2/11/ 1,758
1.000
14/
518
5,904
2,062
8
47
16
293
6
37
3,051
1,076
1,210
476
88
8/1 5/66- A>
5/31/65
3.954* Bill
5/31/66
1,001
14/
136
55
5
6/30/65
3.807* Bill
6/30/66
1,001
14/
111
378
7/31/65
3.875* Bill
7/31/66
1,000
14/
160
4*
[4*
I
Note
Bond
,
2/15/67-C
2/15/69 11/
65
5,151
1,884
7
34
36
4.006* Bill
8/31/66
1,000
14/
189
311
4
4.236* Bill
9/30/66
1.000
14/
283
339
9
3
3,001
1,001
1
1
{3.783* Bill
3.941* Bill
3/22/66 2/
6/22/66 97
3,009
1,003
1,00a
14/
202
314
8
6,577
1,854
144
4
47
453
12
2
291
9
10/31/65
4.192* Bill
11/15/65
4-1/4* Note
11/24/65
4.075* Bill
11/30/65
4.277* Bill
11/30/66
1.001
14/
171
12/31/65
4.731* Bill
12/31/66
1,001
14/
63
1/5/66
4.281* Bill
4-3A*
Cert.
1/31/66
4.699* Bill
2/15/66
{4-7/8* Note
Note
5*
2/28/66
4.945* Bill
10/31/66
5/15/67-D 8/
3,125
6/22/66 2/ 11/
2,513
6/22/66 2/ 13/
11/15/66-A
1/31/67
6,623
1,007
995
1,652
1,469
62
1,250
1,121
486
524
3,919
44
124
314
l,001p
yj
2/28/67
192
2,117p
'V
'
L]
l,000p 14/
I
27
7
149
236
6
31
84
73
144
10
25
163
126
205
1
59
1
1
2,499
8/15/67-E
11/15/70-A
18
45
14
8/31/65
9/30/65
10/11/65
6
19
12
Note
4*
4-1/4* Bond
5/15/74/^
23
22
5/15/65
1/19/66
Mutual
savings
banks
Private
Corpo- pension
rations and retirement
funds
1,487
4.068* Bill
4-1/4* Bond
8/13/65
Insur-
ance
nies
3/
2/
92
"4*
1/15/65
S. Government
In
investment
exchange accounts
for
nd
other
Federal
securi- Reserve
ties
Banks
U.
2
1
40
19
10
222
37
4
State and local
governments 5/
Pension
March 1966
49
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
Date of
refunding
or retirement
.
Treasury Bulletin
50
_
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Called or maturing security 1/
Date of
refunding
or retirement
Issue
date
Description
Disposition offers
by Treasury
Amount
outstanding
Exchange
security
offered
Cash
retirement
Results of exchange offers
Exchanged
(In millions of dollars)
3%
Bond
2-5/8% Bond
2/15/64
2/15/65
2/14/58
6/15/58
3,854
3,854
6,896
6,896
2-1/2% Bond
6/15/67-72
6/1/45
1,757
1,757
2-1/2% Bond
9/15/67-72
10/20/41
2,716
2,716
345
420
2-1/2% Bond
12/15/67-72
11/15/45
3,515
3,515
322
333
Total.
L8 ,
5,202
>
3/23/62
2.484% Bill
3/23/62
7/26/61
3,503
3,503 8/
4/15/62
2.827% Bill
4/15/62
4/15/61
2,000
2,000
y
3%
Certificate
5/15/62
5/15/61
5,509
5,509
4%
Note
5/15/62
4/14/60
2,211
2,211
2-1/4% Bond
6/15/62
6/1/45
3,963
3,963
11,684
11,684
5/15/62
6/22/62
2.705% Bill
6/22/62
9/27/61
2,511
2,511 8/
7/16/62
2.908% Bill
7/15/62
7/15/61
2,004
2,004 1/
Note
8/15/62
9/26/57
158
3-1/4% Note
8/15/62
2/15/61
7,325
7,325
7,483
7,483 12/
4%
Total
3-1/2% Certificate -
2/15/63-A
2/15/62
6,862
2-5/8% Note
2/15/63-A
4/15/58
2,83?
3-1/4% Note
2/15/63-E
11/15/61
3,642
3-1/4% Certificate
5/15/63-B
5/15/62
6,686
3-1/4% Note
5/15/63-D
5/15/61
5,047
IS
5/15/63-B
4/1/59
1,743
158
15/
9/15/62 67
563
233
181
3/1/62 6/
8/15/62
1,154
fl,651
Note
Total
9/21/62
2.896% Bill
9/21/62
3/23/62
1,802
10/1/62
1-1/2% Note
10/1/62-EO
10/1/57
590
10/15/62
2.975% Bill
10/15/62
10/16/61
2,003
Footnotes at end of table.
6,000
3,000
26,820
1,802 8/
590
2,003 3/
Turned
in for
cash 2/
Description of new
security offered
(See also Table 4)
March 1966
51
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Treasury Bulletin
52
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Date of
Footnotes at end of table.
March 1966
53
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Treasury Bulletin
54
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
March 1966
55
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
Called or maturing security 1/
Date of
refunding
or retirement
Issue
date
Description
3-5/8$ Note
3-7/8? Note
1-1/2? Note
2/15/66-B
2/15/66-C
4/1/66-EA
Disposition offers
by Treasury
Amount
outstanding
5/15/62
2,195
8/15/64
2,597
4/1/61
Cash
retirement
Exchange
security
offered
Results of exchange offers
(In millions of dollars)
488p
2,195
675
lA-7/8? Note
Note
{5%
8/15/67-E
11/15/70-A
122p
(4-7/8? Note
Note
[5?
8/15/67-E
11/15/70-A
675
i74 P
350p
}l51p
J4-7/8? Note
Note
15?
8/15/67-E
11/15/70-A
510p
Jl,455p
ll,019p
r
l
Total
237p
\l,470p
2,597
Description of new
security offered
(See also Table 4)
Turned
in for
cash 2/
Exchanged
5,467
5,467
4,956p
9,519
9,519
l,230p
J
2/15/66
|2,117p of 4-7/8? Note
2,840p of 5?
Note
I
4?
Note
5/15/66-D
11/15/64
3-3/4? Bond
5/15/66
11/15/60
1,688
1,688
660p
y. 4?
Note
8/15/66-A
2/15/62
11,060
11,060
2,626p
3?
Bond
8/15/66
2/28/58
5?
1,024
Total
-
Grand total.
28,758
:
,::':
325p
4,841p
-.79:;
y
2/28/66
4.062? Bill
2/28/66
2/28/65
1,001
1,001
3/22/66
3.783? Bill
3/22/66
10/11/65
3.009
3.009 8/
Footnotes on following page.
1,024
23,291
51pp
Note
11/15/70-A
[2,117p of 4-7/8? Note
Note
(7,681p of 5?
.
.
Treasury Bulletin
56
PUBLIC DEBT OPERATIONS
Footnotes to Table 7
Daily Treasury statement: Bureau of the Public Debt.
Original call and maturity dates are used.
All by investors other than Federal Reserve Banks.
Rolled 0V3r into a one-year bill (see Table 4).
preemptive
Holders of the maturing certificates were not offered
present
rights to exchange their holdings, but were permitted to
the 3-1/4%
them in payment or exchange, in whole or in part, for
For detail of
notes offered in the amount of around $6.9 billion.
offering, see Table 4.
of new
Excess of maturing 4-7/8% certificates over allotments
(see
securities on subscriptions from holders of those certificates
Source:
1/
2/
3/
4/
5/
y
2/
8/
2/
10/
12/
12/
U/
15/
167
17/
18/
19/
Table 4, footnotes 6 and 7).
section
Advance refunding offering. Pursuant to the provisions of
added by Public Law
1037 (a) of the Internal Revenue Code of 1954 as
the Treasury
86-346, approved September 22, 1959, the Secretary of
for Federal
has declared that no gain or loss shall be recognized
income tax purposes upon the exchange of the eligible outstanding
therepurposes,
tax
securities solely for the new securities. For
at the
fore, the investor will carry the new securities on his books
same'amount as he had been carrying the eligible securities exchanged.
Gain or loss, if any, upon the securities surrendered in exchange
will be taken into account upon the disposition or redemption of the
new securities.. See also Table 5.
From March 20 through March 22, 1961, owners of 2-1/4% bonds of June
notes
15, 1959-62, 2-1/4% bonds of December 15, 1959-62, 2-5/8%
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, 1167,
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.
Tax anticipation issue; for detail of offerings beginning 1961, see
Table 4; for amounts redeemed for taxes and for cash see "Note" below.
Holders of the maturing certificates and notes were not offered
preemptive rights to exchange their holdings, but were permitted to
present them in payment or exchange, in whole or in part, for the
$5,250 million offering of 3% certificates or the $2,500 million
offering of 3-1/4% notes. For detail of offering, see Table 4.
Excess of maturing 4-3/8% certificates and 3-5/8% notes over
allotments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 12 and 13).
Reopening of an earlier issue.
$1,569 million was redeemed for cash and $168 million was exchanged
for the tax anticipation bills dated March 23, 1962 (see Table 4).
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 $6,500 million
offering of 3-1/2% 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 27 and 28).
From September 10 through September 12, 1962, owners of securities
maturing February 15, 1963 (3-1/2% 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 45).
Holders of the maturing certificates and notes were not offered
preemptive rights to exchange their holdings, but were permitted to
present them in payment or exchange, in whole or in part, for the
$7,600 million offering of 3-7/8% notes. For detail of offering, see
Table 4.
Excess of maturing 3-1/8% certificates and 4-7/8% notes over allot-
ments of new securities on subscriptions from holders of thode
certificates and notes (see Table 4, footnotes 47 and 48).
20/ Tax anticipation bills issued to replace the maturing one-year bills
(see Table 4, footnote 50)
21/ From January 13 through January 17, 1964, owners of securities
maturing August 15, 1964 (3-3/4% notes and 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 52.
Holders of the maturing notes were not offered preemptive rights to
gj
exchange their holdings, but were permitted to present them in
payment or exchange, in whole or in part, for the 3-7/8% notes
offered in the amount of about $4.0 billion. For detail of offering,
see Table 4.
23/ Excess of maturing 5% notes and 3-3/4% notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4>
footnotes 59 and 60).
24/ 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 4% notes offered in the
amount of about $9 1/4 billion. For detail of offering, see Table 4.
25 / Excess of maturing 4-7/8% notes and 3-1/4% notes over allotments of
new securities on subscriptions from holders of those notes (see Tabl
4, footnotes 62 and 63)
26/ Holders of the maturing bonds 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 4% notes offered in
For detail of offering, see
the amount of about $2,170 million.
Table 4.
allotments of the new security
2-5/8%
bonds
over
27/ Excess of maturing
on subscriptions from holders of those bonds (see Table 4, footnotes
66 and 67).
28/ 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 $9,700 million offering of 4-1/4% notes.
For detail of offering, see Table 4.
22/ Excess of maturing 3-1/2% notes and 4% notes over allotments of new
securities on subscriptions from holders of those notes (See Table 4>
footnotes 71 and 72).
Preliminary.
n. a.
Not available.
p
Note:
Dat-
Information on retirement of tax anticipation issues referred to
in footnote 8, in millions of dollars:
March 1966
57
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign
Countries
(Payable in U. S. Dollars
Month of
Treasury Bulletin
58
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - {Continued)
March 1966
59
Treasury Bulletin
60
PUBLIC DEBT OPERATIONS.
Table 8.- Foreign Series Securities (Nonmarke table)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U. S. Dollars)
March 1966
61
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U. S. Dollars)
Treasury Bulletin
62
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U. S. Dollars)
Month of
activity
Issue
date
Security
Maturity
date
Interest
rate
Total outstanding
end of month
(In millions of dollars)
1966-Jan
Feb.
Source:
Certificates of indebtedness
Certificates of indebtedness
Daily Treasury statement.
12/10/65
11/10/65
11/12/65
11/26/65
1/28/66
1/4/66
2/10/66
2/14/66
1/28/66
4/28/66
4.35
3.75
3.75
4.05
4.60
11/26/65
2/28/66
4.10
10
25
10
>
1,099
140
140
Information in this table covers transactions from inception through February 28, 1966.
999
March 1966
63
PUBLIC DEBT OPERATIONS
Table 9.- Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
Month of
Treasury Bulletin
64
PUBLIC DEBT OPERATIONS
Table 9.- Foreign Currency Series Securities (Nonmarke table)
Issued to Official Institutions of Foreign Countries - (Continued)
March 1966
65
PUBLIC DEBT OPERATIONS
Table 9.- Foreign Currency Series Securities INonmarke table)
Issued to Official Institutions of Foreign Countries - (Continued)
.
Treasury Bulletin
66
,
UNITED STATES SAVINGS BONDS
Series £ and H are the only savings bonds currently
being sold. Series E has been on sale since May 1, 19U1,
and Series H has been on sale since June 1, 1952. Series
A-D were sold from March 1, 1935, through April 30, 19U.
Series F and G were sold from May 1, 19^1, through April
3°,
1952. Series J and K were sold from May 1, 195? through
April JO, 1957- Details of the principal changes In Issues,
Interest yields, maturities, and other terms appear In the
Treasury Bulletins of April 1951, May 1952. May 19 57, Octo-
ber and December 1959,
and May and October I96I.
Table 1.- Sales and Redemptions by Series, Cumulative through February 28,1966
(In millions of dollars)
:
... ..
March 1966
67
.UNITED STATES SAVINGS BONDS.
Table 3.- Salee and Redemptions by Periods, Series E through K
ions of dollars)
Sales 1/
discount
Sales plus
accrued
discount
Redemptions 1/
Sales
price 2/
Total
Seri=s E and
landing
.st-bearing
discoi
debt
Matured
noninterestbearing debt
combine!
H
Fiscal years:
10,298
1,133
1957
1958
1959
1960
1961
1962
4,506
4,421
1,458
1,502
Calendar years:
1941-1956
86,763
4,507
4,689
4,320
1953
1959
1960
1961
1962
1963
1964
1965
Months
4,539
4,444
4,432
4,310
,
.
1964
1965
94,761
5,746
5,831
10,663
1,143
5,501
5,717
5,^55
5,904
4,627
4,603
4,500
6,114
6,045
4,987
,i
3,906
3,873
3,759
3,982
732
755
797
886
721
731
''42
"54
40,929
41,498
42,142
42,715
43,806
44,955
46,359
.
.
833
43,795
41,398
41,578
42,589
56,228
5,469
4,856
5,519
4,996
4,484
4,636
4,557
4,841
5,117
52,105
4,122
4,686
4,129
4,636
4,202
783
^2"
513
535
507
472
501
417
458
462
72
78
408
440
345
381
384
340
365
48,547
48,624
48,670
48,733
48,795
'.
535
116
129
112
488
472
482
454
468
435
430
429
382
372
394
362
362
360
321
313
329
73
68
69
62
60
65
48,894
48,951
48,994
49,093
49,175
49,249
622
608
122
49,263
49,314
1,169
1 , 224
1,293
1,372
1,404
4,486
5,649
5,867
5,489
5,832
5,650
6,164
6,101
6,000
3,781
3,882
3,823
4,061
4,254
883
794
7Q3
754
733
780
863
42, 559
43,137
44,485
45,499
47,106
48,366
49,249
:
1965-Feoruary
March
394
414
391
356
362
.
April
May
June
July
August. .
September.
October.
November.
December.
.
.
.
February
.
388
371
342
369
338
329
119
121
117
116
138
116
139
.
71
345
.
77
Series F, G, J, and K combined
Fiscal years:
1941-19 5<
W
31,683
268
1958
1959
1960
1961
1962
1963
1964
1965
93-7
83
65
31,853
98
15,239
3,605
3,235
2,063
2,921
1,129
1,059
722
400
333
500
169
116
74
128
24
16,568
13,124
9,842
7,787
4,829
3,709
2,652
1,955
1,563
1,248
16,692
3,982
2,318
3,122
1,646
1,058
909
434
383
297
565
171
77
125
86
50
55
28
27
26
14,895
10,896
8,603
5,594
4,022
2,9"3
2,036
1,721
1,368
1,075
698
655
468
348
318
316
188
147
131
25
27
28
25
24
22
1,334
1,311
1,289
1,268
1,248
116
111
106
102
99
28
25
22
23
24
26
25
23
20
21
22
24
1,225
1,204
1,185
1,166
1,145
1,075
96
86
131
41
1,055
107
45
41
37
1,021
102
15,739
3,774
3,350
2,137
3,049
1,188
1,110
i/
54
54
4i
46
32
32
27
22
22
18
426 2/
15
358
32,833
172
58
17,257
4,153
2,395
3,246
1,732
1,108
963
462
410
323
15
Calendar years:
1941-1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
32,619
352
65
74
58
52
29
25
19
16
14
52
33
29
25
19
16
14
771
6/
7/
8/
:,
1
£/
6/7/
7/8/
8/3/
2/
59
51
49
27
312
335
331
303
257
222
196
144
127
99
681
Months
1965- February.
March
April
May
June
July
August. . .
September.
October. ..
November.
December.
1
-January.
February
.
Footnotes at end of Table 4.
28
30
27
25
(Continued on following page)
93
91
89
..
.
.
:
Treasury Bulletin
68
UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
-
(Continued)
(In millions of dollars)
Redemptions 1/
Sales 1/
Period
Accrued
discount
Sales plus
accrued
discount
Sales
price 3/
Accrued
discount 3/
Exchanges of
E bonds for
H bonds
Amount
outstanding
( interestbearing debt)
Series E
Fiscal years:
1941-1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
Calendar years:
1941-1956
1957
1958
1959
1960
1961
1962
1963
1964
i%5
Months
1965-February.
March.
April.
May
June
81,238
3,919
3,889
3,688
3,603
3,689
3,674
3,914
4,136
4,112
10,298
1,133
1,161
1,174
1,194
1,254
1,331
1,386
1,458
1,502
91,536
83,176
3,875
3,802
3,598
3,632
3,711
3,624
4,185
4,132
4,092
10,863
1,143
1,178
1,169
1,224
1,293
1,372
1,404
1,491
1,514
94,038
358
375
355
327
119
477
496
5,052
5,049
4,862
4,797
4,943
5,005
5,300
5,594
5,614
5,018
4,979
4,767
4,856
5,003
4,996
5,589
5,623
5,606
53,638
4,981
4,951
4,889
5,181
4,394
4,343
4,203
4,363
4,538
49,344
4,248
4,196
4,092
4,295
3,673
3,613
3,461
3,609
3,705
3,794
732
755
797
886
55,951
5,220
4,658
5,225
4,729
4,249
4,349
4,229
4,425
4,650
51,829
4,437
3,931
4,342
3,935
3,546
3,595
3,495
3,646
3,787
4,122
783
727
883
794
703
754
733
780
863
383
413
425
367
400
311
7;
336
347
300
325
77
78
68
74
398
324
323
313
721
731
742
754
833
201
188
219
191
206
278
212
199
208
198
190
37,898
37,969
38,067
38,040
37,456
37,817
38,260
39,166
40,190
41,078
38,087
37,885
38,206
37,748
37,597
38,140
38,587
39,740
40,739
41,504
:
.
.
.
.
331
121
117
116
138
443
470
497
457
444
455
426
443
582
441
July
August. .
September
October.
November
December.
315
342
310
305
146
116
129
112
116
139
1966-January
February.
433
317
150
125
.
351
341
471
391
382
343
335
357
281
275
291
73
68
69
62
60
65
16
17
16
15
14
18
16
15
16
14
12
568
446
22
37."
301
14
.',
,
40,932
40,962
41,0 3
41,078
41,159
.
41,257
41,353
41,430
41,504
41,497
41,552
Series H
Fiscal years:
1952-1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
,
,
Calendar years :
1952-1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
Months:
1965-February.
March.
April ....
May
Jun e
.
"
.
,
,
3,225
694
782
818
704
775
747
604
521
431
3,225
694
782
818
704
775
747
604
3,587
631
887
722
718
828
654
3,587
631
887
722
718
828
654
575
477
394
575
277
248
198
294
267
235
287
328
477
394
416
467
36
39
36
44
36
39
36
29
38
30
28
-January
February.
40
Source
431
31
July
August. .
September
October.
November.
December
.
521
28
25
38
30
28
27
28
25
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
194
196
236
217
322
233
260
298
373
449
34
194
196
236
217
322
233
260
298
373
449
277
248
198
294
267
235
287
328
416
467
188
219
191
206
188
3,031
3,529
4,075
4,676
5,259
5,989
6,695
7,193
7,546
7,716
278
212
199
208
198
190
3,310
3,693
4,383
4,811
5,540
6,345
6,912
7,367
7,627
7,744
201
36
34
44
36
41
41
15
40
40
14
37
39
47
39
38
38
37
39
47
18
16
15
16
7,735
7,742
7,737
14
7,745
7,74i
40
48
39
38
38
.
48
Footnotes at end of Table 4.
16
17
1c
12
22
14
7,681
7,692
7,707
7,711
7,716
7,741
7,767
7,762
...
:
March 1966
69
.UNTIED STATES SAVINGS BONDS.
Table 4.- Kedemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Matured
Period
Total 1/
Total
Series E
and H
Other
Fiscal years :
1951
,137
,109
1952
1953
1954
1955
1956
1957
1958
1959
1960
,621
,515
251
,846
,958
,544
,249
,557
,819
,716
,273
,164
,346
1961
1962
1963
1964
1965
817
3,941
4,263
4,115
3,730
3,621
38
702
1,128
1,487
1,826
1,917
1,971
1,906
1,996
4,126
2,673
2,593
2,250
2,057
2,184
2,304
1,733
1,668
1,593
1,754
1,938
772
1,015
254
968
1,328
1,500
2,047
792
1,761
2,747
Calendar years :
1951
,651
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
,074
,149
,985
,301
,264
,630
255
,772
,732
,595
,602
,021
Months
1965-February.
March. .
April
.
May
June
July
August.
September
October.
November.
December
.
1966-January.
February
2,318
3,171
4,230
4,246
4,156
3,393
4,701
3,033
2,555
2,387
2,043
1,891
2,084
1,691
2,433
1,944
1,633
1,656
1,617
1,889
1,932
,252
,441
2,171
446
488
489
433
464
206
265
189
145
183
174
243
167
463
456
151
139
184
451
406
396
420
653
460
2,148
199
159
162
174
145
131
162
1«
148
158
131
195
172
161
130
779
..
. ....
n
,
.
Treasury Bulletin
70
.OWNERSHIP OF FEDERAL SECURITIES.
Classes of Investors and Types of Issues
Table 1.- Distribution of Federal Securities by
(In millions of dollars)
Interest-bearing securities
Interest-bearing securities guaranteed by the U.S. Government 4/
ssued
by the U.S. Government
Total
Federal
securities outstanding
1/
End of
fiscal
year or
month
Held by U. S. Government
investment accounts 2/
Total
outstanding
268,486
274,698
281,833
283,241
270,634
276, 444
284, 817
286,471
1957.
1958.
1959.
I960.
Total
55,501
55,842
54,554
55,259
Public
issues
8,674
9,596
9,799
10,360
Special
issues
46,827
46,246
44,756
44,899
Held by private
investors 3/
Held by
Federal
Reserve
Banks public
issues
23,035
25,438
26,044
26, 523
Held by
U. S.
Total
Government
outstanding investment
accounts
Public
marketable
issues
Public
nonmarketable
issues
189,949
193,418
201,235
201,459
127,179
134,593
144,983
149,546
62,770
58,825
56,252
51,913
106
101
110
139
51,025
51,065
51,360
52,023
53,556
240
444
605
812
717
536
561
4,340
4,367
655
604
589
138
141
139
517
463
450
4,349
5,053
4,163
470
115
116
355
383
116
403
4,388
4,346
4,391
490
462
453
115
376
362
354
4,347
4,357
4,391
413
433
96
317
335
4,407
4,392
10,959
11,357
13,405
14,337
14,586
45,043
44,939
44,801
46,627
48,650
27,253
29,663
32,027
34,794
39,100
202,417
208,483
211,721
211,598
210,776
1965-February.
March.
320,575
318,416
315,545
313,332
60, 244
14,674
45,570
36,907
690
14,846
45,659
37,591
165,496
162,282
52,898
60,505
218,394
215,236
52,955
317,213
319,823
317,864
312,209
314,166
313,113
59,028
62,537
63,236
14,626
14,703
14,586
44,402
47,833
48,650
37,754
38,686
39,100
215,427
212,943
210,776
162,283
159,776
157,220
53, 144
53,167
53,556
July
August. .
September.
317,056
318,742
317,270
312,197
313,896
312,359
62,182
64,703
14,393
14,923
47,789
49,780
39,207
39,049
210,808
210,144
157,276
156,641
53,533
53,503
63,472
15,403
48,069
39,774
209,113
155,410
53,703
October.
November
December.
319,394
322,176
321,359
314,557
317,357
316.515
62,140
62,702
61,767
15,183
15,650
15,512
46,957
39,657
40,575
40.768
212,760
214,080
213,979
159,363
53,397
46,255
100.430
53,549
322,419
323,746
317,599
318,921
61,606
15,529
15,824
44,356
45,781
40,565
40,189
217,149
217,126
163,667
163,782
53,482
53,344
.
.
1966-January
February
.
.
.
.
.
,
Source:
1/
2/
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 debt not subject to statutory limitation. For amounts
subject to limitation, see page 1.
Includes accounts under the control of certain U. S. Government agencies
3/
4/
60
450
56,002
56,296
58,206
60,964
63,236
.
63
79
154
156
285,672
294,442
301,954
307,357
313,113
.
46
47
3,300
3,759
3,907
4,357
4,163
289,211
298,645
306,466
312,526
317,864
April.
May.
June.
2,042
1,646
2,873
3,090
56
50
54
167
165
159
139
1961.
1962.
1963.
1964.
1965.
.
3/
2/
151,392
157,418
160,361
159,575
157,220
.
Held by
private
investors
Matured
debt
and
debt
bearing
no
interest
153
277
440
653
87
589
499
519
lou
whose investments are handled outside the Treasury.
The total amount of interest-bearing securities held by private investors is calculated by deducting from the total amount outstanding the
amount held by U. S. Government investment accounts and Federal
Reserve Banks.
Consists of guaranteed securities held outside the Treasury. All are
public marketable issues.
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts and Other Accounts Handled by the treasury 1/
(In millions of dollars; negative figures are net sales)
Year
Jan.
Feb.
1940.
1941.
1942.
1943.
1944.
1945.
1946.
1947.
-9.5
-2.8
-.5
-14.5
-9.9
-67.5
-8.1
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
-.2
8.8
-6.6
36.8
22.1
24.6
7.0
23.0
177.4
-1.8
13.5
261.2
6.7
8.8
-4.0
77.2
1956.
1957.
1958.
1959.
I960.
1961.
1962.
-1.3
14.3
-123.4
14.1
17.5
-5.6
76.9
-9.8
72.6
-155.9
23.0
16.5
-21.3
47.1
1963.
1964.
1965.
1966.
80.7
148.7
397.6
75.1
142.1
101.1
210.9
334.5
1/
-20.9
12.0
30.0
-90.3
-105.1
-48.1
-.7
Mar.
May
June
-1.6
-.7
.4
.9
-.2
5.8
-72.9
-11.5
-5.9
.3
»
.4
.3
.4
-35.2
-10.0
-j4.4
-4.7
.1
Apr.
-5.7
106.8
5.1
6.3
482.7
.5
12.9
-22.4
18.9
Id. 7
13.4
10.6
62.2
43.1
56.1
18.9
293.5
111.3
83.2
-16.5
-55.6
3.3
-61.3
-12.1
1.5
.4
-338.6
8.4
19.9
36.2
-2.9
29.9
-30.4
-54.7
-1.9
11.4
2.9
35.9
2.8
56.2
46.7
35.4
-2.1
44.0
16.4
19.5
18.2
1.1
32.3
44.6
7.0
1.1
Aug.
Sept.
-.3
Oct.
-4.4
-.2
1.0
-1.1
60.
-4.5
-2.7
-28.1
-12.5
-74.1
-123.1
-123.0
-14.1
4.4
3.8
-2.0
4.7
1.9
7.2
4.6
-1.7
11,
10,
-3,
.4
1.4
7.9
-21.7
74.8
-17.2
20.3
33.4
-10.0
11.8
5.8
8.4
16.5
17.0
21.1
-30.7
313.4
-86.3
53.1
21.8
24.2
39.9
398.8
15.8
177.2
9.9
-14.5
15.4
-8.7
49.2
182.4
445.5
32.2
35.5
25.6
61.9
9.4
26.4
19.1
18.3
44.4
17.3
-304.4
8.4
10.3
10.6
28.3
3.4
25.1
325.5
56.2
26.6
17.3
41.1
25.5
36.8
-23.3
656.2
155.8
143.1
73.9
141.0
69.7
-59.0
28.7
145.9
33.5
223.4
578.6
373.1
169.8
198.6
345.7
126.2
39.8
.2
5.0
2.8
3.5
-5.0
-5.9
4.8
-12.0
-57.6
-20.3
696.4
.3
5.1
5.7
Dec.
-.3
-8.4
-15.8
-19.0
-.2
-41.2
-308.1
3.5
1.5
20.1
-45.5
22.5
-88.4
Nov.
-2.3
-67.8
-18.5
-17.0
-157.8
-609.1
5.4
-.1
8.2
Consists of purchases or sales, in the market, by the Treasury of securities
issued or guaranteed by the U. S. Government for (1) trust funds which
by
law are under the control of the Secretary of the Treasury or the Treasurer
of the U. S., (2) accounts under the control of certain U. S. Government
agencies whose investments are handled through the facilities of the
Treasury Department; and (3) purchases prior to maturity by
the Secretary
.
-145.8
20.5
-56.4
-69.8
-359.2
July
221.0
.1
11,
-1,
14.
7,
-.2
-.1
7..0
29..0
8..2
.6
41.0
234.8
-25.
21.3
33.3
43.7
113.1
39.7
27.8
19.5
436.7
100.1
233.0
33.8
116.8
-1.9
83.
-67.
55.
71.
105.
57.
of the Treasury of any outstanding securities as authorized under
Section 19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754a).
This table excludes (1) all investment transactions for the Exchange
Stabilization Fund; and (2) all purchases by subscription on original
issue and all securities which are redeemed upon maturity.
Less than $50,000.
March 1966
71
OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par values 1/ in billions of dollars)
Held by banks
Total
Federal
securities
outstanding 2/
U.
Commercial
banks
3/
Total
Series
E and H
Mutual
Insurance savcompanies ings
banks
State
and
Corporalocal
tions 6/
governments
Foreign
Other misand inter- cellaneous
national
investors
2/
18/
15.9
2.5
6.5
22.7
10.1
1.9
8.2
6.3
3.1
2.2
.4
.2
22.9
23.3
28.0
30.9
135.1
130.7
64.1
64.2
30.8
30.3
12.5
13.9
20.8
20.1
24.4
24.9
11.1
11.8
19.9
15.3
6.7
6.3
2.4
2.1
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
8.8
3.5
4.3
255.3
259.5
58.4
61.6
23.0
23.8
41.0
42.3
132.9
131.8
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
9.4
9.6
4.2
4.3
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
14.1
13.8
15.7
16.0
15.7
16.0
9.6
9.5
18.8
19.9
10.4
11.1
4.7
5.3
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
12.0
12.7
5.7
5.9
271.3
278.8
63.6
69.2
25.0
24.9
49.3
49.6
133.3
135.1
64.8
63.5
37.5
38.2
12.1
11.7
15.2
13.6
15.4
15.3
9.1
16.5
19.1
13.9
14.4
6.0
6.3
274.4
280.8
63.5
62.0
23.6
24.8
50.5
51.7
136.7
142.3
65.2
65.0
39.
40.
10.9
10.2
15.0
14.8
15.0
14.6
8.7
8.5
18.6
23.2
14.7
15.4
6.8
7.5
272.8
276.7
57.3
59.5
23.8
24.9
53.5
54.0
138.3
138.2
66.6
65.9
40.9
41.4
9.4
16.3
15.8
13.6
13.2
8.4
8.0
17.3
18.7
16.1
16.3
7.9
8.7
270.6
275.0
56.2
59.5
23.0
24.2
55.6
55.2
135.9
136.1
66.3
64.9
41.5
41.6
7.6
6.6
17.2
16.7
12.7
12.5
7.9
7.6
16.1
17.7
16.8
16.6
7.6
7.6
25.4
26.3
55.9
54.4
129.9
134.8
64.4
63.7
42.1
42.5
5.9
5.2
16.4
16.0
12.2
12.7
7.4
7.3
14.1
18.1
16.3
16.5
6.5
7.7
7.8
234.8
290.9
61.5
60.3
26.0
26.6
54.6
53.7
142.6
150.3
66.3
69.4
42.6
42.4
4.5
3.5
19.3
23.5
12.6
12.5
7.3
6.9
19.8
21.4
16.9
18.0
10.1
12.0
286.5
290.4
55.3
62.1
26.5
27.4
55.3
55.1
149.3
145.8
69.7
66.1
42.5
42.9
3.1
2.7
24.1
20.5
12.0
11.9
6.6
6.3
19.5
18.7
18.8
18.7
12.3
13.0
27.3
28.9
56.1
54.5
143.3
145.9
64.6
65.9
43.6
44.2
2.5
2.2
18.6
19.5
11.4
11.4
6.3
6.1
18.5
18.5
12.7
13.4
298.6
304.0
65.2
67.2
29.7
30.8
56.5
55.6
147.3
150.4
65.7
66.0
44.6
45.1
2.0
1.8
19.0
19.2
11.4
11.5
6.3
6.1
18.2
18.6
20.1
20.1
14.1
15.3
303.9
305.2
303.5
303.7
305.8
306.5
305-5
307.2
307.3
307.1
308.9
310.1
66.7
65.8
64.7
65.1
63.9
64.4
63.3
61.7
63.0
63.2
62.8
64.3
30.3
30.6
31.0
31.2
31.3
32.0
32.5
32.4
32.6
32.8
33.7
33.6
54.5
152.4
153.7
152.8
153.2
153.6
151.7
152.7
154.2
153.4
154.0
154.7
154.3
66.4
66.6
1.7
1.7
1.6
1.6
1.6
1.5
1.5
1.5
1.4
1.4
1.4
1.4
19.4
19.5
19.7
18.8
18.3
18.6
19.3
19.5
19.7
19.9
20.1
20.1
11.6
11.5
11.3
11.2
11.1
11.0
11.1
11.1
11.2
11.2
11.3
11.3
6.1
6.1
6.3
6.1
6.1
6.1
6.1
6.1
6.0
5.8
5.8
5.8
19.7
20.2
19.6
19.9
21.0
18.7
18.8
19.5
18.0
18.7
19.8
18.7
20.4
20.4
20.6
21.2
21.2
21.5
21.4
21.6
21.2
20.9
20.6
21.1
15.3
15.2
15.4
15.6
15.9
15.8
68.2
45.3
45.5
45.6
45.7
45.8
46.0
46.1
46.2
46.3
46.4
46.6
46.7
309.3
311.1
310.4
308.4
312.3
312.5
312.0
314.9
316.5
316.5
319.3
318.7
62.9
62.2
61.6
61.1
60.0
60.2
59.3
60.1
61.9
62.2
63.6
64.0
32.8
33.2
33.8
33.2
34.2
34.8
35.1
35.2
35.4
35.7
36.8
37.0
56.5
57.5
57.6
56.1
59.4
61.1
59.9
157.2
158.3
157.4
158.0
158.7
156.4
157.7
157.9
157.5
158.0
157.8
157.1
68.7
69.0
69.5
68.7
69.1
69.2
69.5
69.0
69.6
69.8
69.7
70.0
46.8
46.9
47.0
47.1
47.2
47.3
47.4
47.5
47.6
47.7
47.8
47.9
1.3
1.3
1.3
1.2
1.2
1.2
1.2
1.1
1.1
1.1
1.1
1.0
20.6
20.8
21.2
20.3
20.7
20.7
5.9
20.8
21.1
11.3
11.3
11.2
11.0
11.0
10.9
10.9
11.0
11.2
11.2
11.2
11.1
6.0
6.1
6.0
6.0
6.0
6.0
6.0
6.0
5.8
5.7
5.7
20.0
21.0
19.8
20.2
20.8
18.5
19.0
19.0
17.7
18.7
18.5
17.9
21.2
21.4
21.7
22.6
22.6
22.5
22.2
22.6
2?.l
21.9
21.6
21.2
318.6
320.6
318.4
317.2
319.8
317.9
317.1
318.7
317.3
319.4
322.2
321.4
62.9
61.7
60.4
59.7
58.4
58.3
57.3
56.5
57.5
59.7
60.0
60.9
36.7
36.9
37.6
37.8
38.7
39.1
39.2
39.0
39.8
39.7
160.0
161.6
159.8
160.6
160.1
157.1
158.3
158.4
156.4
157.8
158.8
157.8
70.6
71.0
71.5
71.2
71.2
71.1
71.7
71.7
72.0
72.1
72.2
72.2
48.0
48.1
48.2
48.2
48.3
48.3
48.4
48.5
48.5
48.6
48.7
48.8
1.0
1.0
1.0
1.0
21.5
21.8
22.3
22.0
22.0
21.8
22.4
22.3
22.7
22.6
22.6
22.6
11.3
11.2
11.1
11.0
10.9
10.6
10.6
10.6
10.6
10.5
10.4
10.4
5.8
5.9
6.0
5.8
5.8
5.8
5.7
18.6
19.0
17.2
17.0
17.6
15.1
15.7
22.2
23.0
23.2
24.3
24.4
24.1
24.1
23.8
23.1
23.4
22.9
22.8
22.9
10.4
5.5
16.8
23.7
40.6
40.8
40.6
5S.1
55.1
54.3
57.1
58.4
57.1
58.9
58.3
57.2
57.7
58.0
61.8
61.8
60.5
61.2
60.6
59.1
60.4
60.7
59.2
62.7
63.4
62.3
64.8
63.6
62.3
62.8
61.9
60.0
160.9
66.9
66.1
65.7
66.1
66.9
67.2
67.5
67.7
68.0
72.5
Office of Debt Analysis in the Office of the Secretary.
United States savings bonds, Series A-F and J, are included at
current redemption value.
Securities issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treasury.
Consists of commercial banks, trust companies, and stock savings
banks in the United States and in Territories and island possessions.
Figures exclude securities held in trust departments.
Source:
Other
Other
secuseries %/ rities
93.8
74.5
.
2/
Savings bonds
Total
47.6
289.2
296.5
2/
Individuals 4/
279.8
259.5
276.4
283.0
1/
Federal
Reserve
Banks
Held by private nonbank investors
S.
Government investment
accounts
48.8
.9
.9
.9
.9
.9
20.9
20.4
20.9
21.0
15.9
16.1
14.7
15.6
16.7
Treasury Bulletin
72
..TREASURY SURVEY OF OWNERSHIP, JANUARY 31, 1966
The monthly Treasury Survey of Ownership covers secu-
rities Issued by the United States Government and by Federal agencies.
The banks and Insurance companies Included
In the Survey currently account for about 9° percent of all
such securities held by these Institutions.
The similar
proportion for corporations and for savings and loan asso-
corporations and savings and loan associations in the Sep-
tember i960 Bulletin, and for State and local governments
In the February 1962 Bulletin.
Holdings by commercial banks distributed according to
Federal Reserve member bank classes and nonmember banks are
published for June 30 and December 31.
Holdings by corpo-
ciations Is 50 percent, and for State and local governments,
rate pension trust funds are published quarterly, first
Data were first published for banks and Insurance companies In the May 1941 Treasury Bulletin, for
appearing In the March 195^ Bulletin.
10 percent.
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
.
March 1966
73
-TREASURY SURVEY OF OWNERSHIP, JANUARY
31, 1966
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest -Bearing Public Marketable Securities by Issues
(Par valued - millions of dollars)
Issues
Total
amount
outstanding
gasury bills:
Regular weekly and annual
maturing:
Feb.
1966 - Apr. 1966..
May
1966 - July 1966.
Aug.
1966
Sept.
1966
Oct.
1966
Nov.
1966
Dec.
1966
Jan.
1967
Tax ant Icipation:
Mar.
1966
June
1966
32,039
.
..
1,000
1,000
1,000
1,001
1,001
,
3,009
4,522
Total Treasury bills
Certificates of indebtedness:
,-'• '\%
1966- A
Nov"!
Treasury notes:
3-7/8JS
Feb"!
3-5/8
4
Feb.
4
4
4
3-5/8
4-1/4
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
Aug.
Nov.
Feb.
Feb.
May
Aug.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
1966-C
1966-3
1966-D
1966-A
1966-E
1967-C
1967-B
1967-D
1967-A
1966-EA
1966-EO
1967-EA
1967-EO
1968-EA
1968-EO
1969-EA
1969-EO
1970-EA
1970-EO
Total Treasury notes
Treasury bonds:
June
2-1/2J6
2-1/2
Dec.
2-1/2
June
2-1/2
Dec.
2-1/2
Mar.
2-1/2
Mar.
3-3/4
May
3
3-3/8
2-1/2
2-1/2
3-5/8
2-1/2
3-7/8
3-3/4
3-7/8
Aug.
Nov.
June
Sept.
Nov.
Dec.
May
Aug.
4
Nov.
Feb.
4
Oct.
4
4
4
Feb.
Aug.
Aug.
Nov.
Feb.
Aug.
Aug.
Nov.
Feb.
May
Nov.
3-7/8
4
4
4
4-1/8
4-1/8
4-l 7 4
3-7/8
4-1/4
3-1/4
May
June
2,597
2,195
9,519
11,060
2,254
5,151
2,358
9,748
2,929
675
357
270
457
212
115
61
159
88
39
50,244
196:-' 7
430
1963-68
1964-69
1964-69
1965-70
1966-71
,791
,548
,527
409
398
688
1966
1966
1966
1967-72
1967-72
1967
1967-72
1968
1968
1968
1969
1969
1970
1970
1971
1971
1972
1972
1973
1973
1974
1974
1974
1975-85
1978-83
024
,851
,276
,952
,019
,682
,460
,747
,591
,728
,259
,381
,129
806
760
,344
,579
,894
,357
,130
,593
,243
218
,581
5,945
commer-
.
.
Treasury Bulletin
74
.TREASURY SURVEY OF OWNERSHIP,
JANUARY 31, 1966
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - {Continuedl
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Insurance companies
Total
amount
outstanding
Issue
Treasury bonds -
l&
3-1/2
3-1/4
4-1/4
4
4-1/8
3-1/2
3
3-1/2
Feb.
Nov.
May
tug.
Feb.
May
Feb.
Feb.
Nov.
(
Continued)
1980
1980
1985
1987-92.
1988-93...
1989-94. .
1990
1995
1998
.
Total Treasury bonds
Guaranteed securities
250
,560
,899
,192
,412
.
9./'.
Total public marketable
securities
.
•
mutual
savings
banks
2/2/
2/
75
912
-
.
501
5,945
commercial
banks
96
73
279
5
120
32
64
295
life
488
savings 469
475 fire,
and loan corpocasualty,
associa- rations
and
tions
marine
State and local
governments tj
191
pension
316
general and retirement
funds
funds
S. Government investment accounts
and Federal
Reserve Banks
U.
March 1966
75
-TREASURY SURVEY OF OWNERSHIP, JANUARY 31, 1966
Section
II -
Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
(Par values - in millions of dollars)
Treasury Bulletin
76
MARKET QUOTATIONS ON TREASURY SECURITIES,
Current market quotations shown here are over-thecounter closing bid quotations in the New York market
for the last trading day of the month, as reported to
the Treasury by the Federal Reserve Bank of New York.
The securities listed include all regularly quoted public
marketable securities issued by the United States Treasury. Securities issued by Federal agencies and guaranteed
by the United States Government are excluded.
Table 1.- Treasury Bills
Amount outstanding
(millions)
FEBRUARY 28, 1966.
March 1966
77
Treasury Bulletin
78
MARKET QUOTATIONS ON TREASURY SECURITIES,
K
Z
LU
O
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FEBRUARY 28, 1966.
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E°
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.....
March 1966
79
.AVERAGE YIELDS OF LONG-TERM BONDS.
Table 1.- Average Yields of Treasury and Corporate Bonds by
Periods
(Percent per
Moody s Aaa
corporate
1
treasury
bonds y
1
Period
Annual series -
1942
1943
1944
194^
194*
1947
1948
1949
2. 1}
2.72
2.62
2.53
2.61
2.82
2.66
2.48
2.37
2.19
2.25
2.44
2.31
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
'
Period
Treasury
bonds 1
January.
February
March
April. .
Hay
June
1955
2.68 2/
2.78
2.78
2.82
2.81
2.32
July
August.
September
October.
November
December.
2.91
2.95
2.92
2.87
2.89
2.91
January
February
March. .
April.
May
June
.
.
2.88
2.85
2.93 2/
3.07
2.97
2.93
3.08
3.10
3.24
3.28
3.27
July
August.
.
3.00
3.17
3.21
3.20
3.30
3.28
3.43
3.56
3.59
3.69
.
.
y
1
.
September
October.
November.
December.
3.01
3.04
3.05
3.06
3.11
3.13
3.10
3.10
3.15
I
.
2.93
2.99
"',
.
Treasury
bonds 1/
Aaa
1
ca
year
a-.
bonds 1/
-.-
-
32
.
94
Monthly series - averages of Jaily
Moody
Aaa
corporate
bonds
s
corpora
bonds 1/
-
1965.
s
Aaa
Treasury Bulletin
80
AVERAGE YIELDS OF LONG-TERM BONDS
....... .
.
.
March 1966
81
INTERNATIONAL FINANCIAL STATISTICS
Table 1.- U. S. Gold Stock, and Holdings of Convertible Foreign
Currencies by U. S. Monetary Author 1 tie*
(
In millions of dollars)
Gold stock 1/
End of calendar
year or month
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1965-February
March
April
May
June
.
July
August..
.
September.
October. .
November
December. .
.
.
1966-Jamiary. . .
February p.
Total gold stock
and foreign currency
holdings
Treasury
22,091
21,793
21,753
22,058
22,857
20,582
19,507
17,804
17,063
16,156
15,808
15,903
14,587
22,030
21,713
21,690
21,949
22,781
20,534
19,456
17,767
16,889
15,978
15,513
15,388
13,733
22,091
21,793
21,753
22,058
22,857
20,582
19,507
17,804
16,947
16,057
15,596
15,471
13,806
116
99
212
432
781
15,220
15,129
14,884
14,511
14,595
14,937
14,563
14,410
14,290
13,934
14,993
14,639
14,480
14,362
14,049
227
490
404
149
546
14,697
14,953
14,884
14,795
14,686
14,587
13,857
13,857
13,858
13,857
13,805
13,733
13,969
13,916
13,925
13,937
13,879
13,806
728
1,037
14,450
14,188
13,732
13,730
13,811
13,811
639
377
The United States also has a gold tranche position in the international Monetary Fund, amounting to $773.8 million as of February 28,
1966.
In accordance with Fund policies the United States has the
right to draw foreign currencies equivalent to this amount from the
Fund virtually automatically if needed. Under appropriate circumstances, the United States could draw additional amounts equal to the
United States quota of $5,160 million.
Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, the proceeds of which are invested
by the Fund in U. S. Government securities: as of February 28, 1966,
this amounted to $800 million.
Of this amount, the United States
purchased $200 million in 1956, $300 million in 1959, and $300
Total 2/
959
858
807
781
million in I960. Beginning September 1965 includes gold deposited by
the International Monetary Fund ($34-3 million as of December 31,
1965, $35.8 million as of January 31 and $37.1 million as of February
28, 1966) for the purpose of mitigating the impact of gold payments
to the Fund for quota increases by countries which purchased such
The United States has a corresponding
gold from the United States.
gold liability to the Fund.
Includes gold in Exchange Stabilization Fund, which is not included
(Data as
in Treasury gold figures shown in daily Treasury statement.
of December 31, 1965 and earlier dates for Treasury gold stock taken
from Circulation Statement of United States Money.)
Includes holdings of Treasury and Federal Reserve System.
Preliminary.
Note:
V
Foreign
currency
holdings 2/
3/
3/
P
Table 2.- U. S. Treasury Nonmarketable Notes and Bonds
Issued to Official Institutions of Foreign Countries
Amount outstanding
End of calendar
year or month
Payable in dollars
Payable in foreign currencies
Belgium
Total
Germany
Italy
Switzerland
.
Total
Canada 2/
Italy
Sweden
(Dollar equivalent, in millions)
1962
1963
1964
1965
251
730
1,086
1,208
50
101
30
30
30
275
679
602
1,112
1,137
1,137
1,137
1,137
75
101
101
101
101
30
30
30
30
30
679
679
679
679
679
1,259
1,259
1,259
1,208
1,208
1,208
101
101
101
101
101
30
30
30
30
30
30
653
653
653
603
J02
602
912
839
101
101
30
30
452
401
50
200
200
51
13
25
25
25
175
327
350
163
354
484
125
329
299
327
327
327
327
327
354
354
354
354
354
329
329
329
329
329
25
25
25
25
25
125
125
125
125
125
125
350
350
350
350
350
350
354
354
354
354
399
484
329
329
329
329
299
299
25
25
75
160
25
25
25
25
125
125
205
182
484
299
299
160
160
25
25
125
160
I
!
1965-
February
March
April
May
June
.
July
August.
September.
October. .
November.
December.
.
.
1966-January.
February.
.
101
For complete information on U. S. Treasury securities (nonmarketable) issued to official institutions of foreign countries, see
"Public Debt Operations," Tables 8 and 9.
Includes bonds payable in Swiss francs to the Bank for International
Settlements.
Amounts outstanding were $70 million, May 1964 through
Note:
1/
2/
484
through December 1965.
June 1965, and $93 million, July 1965
of Canada in connection with
Includes bonds issued to the Government
Amounts "rtatnndlng
treaty
transactions under the Columbia River
through October 1965, and $174
were $204 million, September 1964
date shown.
million, November 1965 through latest
,
Treasury Bulletin
82
INTERNATIONAL FINANCIAL STATISTICS
Table 3.- U. S. Net Monetary Gold Transactions
with Foreign Countries and International and Regional Organizations
(In millions of dollars at $35 per fine troy ounce; negative figures represent net
s
i
.
,
.
March 1966
83
.INTERNATIONAL FINANCIAL STATISTICS.
Table 4.- Estimated Gold Reserves and Dollar Holdings of
Foreign Countries
and International Institutions 1/
Lars)
iounl
Gold and
sh jrtI
dollars
Austria
jium
Denma rk
Finland
France
any
epublic of.
.
Italy
Netherlands.
Norway
Portugal
.
.
II
i
778
591
zerlan
Turkey
Swi
'
I
.
.
.
?dom.
Other 2/
Total Western Europe.
Av-rlcan Repui
Argentina
Brazil
Chile
Lnri';
.
j
;
Colombia
Cuba
12
Mexico
Panama, Republic of.
Peru
Uruguay
Venezuela
-
992
24
er
Total Latin American Republics.
.
Asia:
India
Indonesia
Japan
Philippines
Thailand
Other
Asia.
Afrii'a
:
South Africa
United Aral Republic (Egypt)...
her Africa
'
Total Africa
,
Other countries:
Australia
Other 3/
other countries
Total foreign countries
•:-
ijnnl and regional
Brand total
lJ..
'
Treasury Bulletin
84
.INTERNATIONAL FINANCIAL STATISTICS.
Table 5.- Liabilities to Foreign Official Institutions and International
and Regional Organizations 1/
(
Area
In millions of dollars)
March 1966
85
CAPITAL MOVEMENTS
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935,
pursuant to Executive Order 6560 of January 15, 1934, Executive Order 10033 of February
promulgated thereunder.
8,
1949, and Treasury regulations
Information on the principal types of
data and the principal countries is published monthly in the
"Treasury Bulletin."
Reports by banks, bankers, securities
"Short-term" refers to obligations payable on demand
or having an original maturity of one year or less,
without
deduction of any offsets.
"Long-term" refers to obligations
having an original maturity of more than one year,
and includes securities having no contractual maturity.
Exclusions
brokers and dealers, and nonbanking business concerns in the
The data published herein do not cover all types
of
capital movements between the United States and foreign
United States are made initially to the Federal Reserve Banks,
countries.
which forward consolidated figures to the Treasury.
These
Department exclude entirely the intercompany capital trans-
statistics are consolidated by the Treasury and published as
actions of business enterprises in the United States with
promptly as possible.
their own branches and subsidiaries abroad or with their for-
The reporting forms and instructions used in the collec-
The data reported to and published by the Treasury
eign parent companies; such transactions are reported by
tion of the statistics have been revised a number of times.
business firms to the Department of Commerce.
The most recent revision became effective with reports' covering
capital transactions of the United States Government and on
A detailed description of the
shipments and receipts of United States currency are also
data as of May 31, 1963.1/
Data on the
content of the statistics, including the changes instituted,
excluded from the Treasury reports.
appeared in the July 1963 issue of the "Treasury Bulletin,"
actions not effected through reporting institutions, such as
As a result of changes in presentation intro-
securities transactions carried out entirely abroad, are not
pages 79-81.
Certain capital trans-
duced in that issue, not all breakdowns previously published
recorded in the Treasury reports.
will be exactly comparable to those now presented.
types of capital transactions are published by the Department
Basic definitions
The term "foreigner" as used in the Treasury reports
of Commerce in its regular reports on the United States
balance of payments.
The liabilities data exclude nonnegotiable, noninterest-
covers all institutions and individuals domiciled outside
the United States, including United States citizens domiciled
abroad and the foreign subsidiaries and offices of United
States banks and business concerns; the central governments,
bearing special notes of the United States held by the Inter-
American Development Bank and the International Development
Association.
The data on securities transactions and on foreign
central banks, and other official institutions of foreign
countries, wherever located; and international and regional
organizations, wherever located.
In general, data are reported opposite the foreign
country or geographical area in which the foreigner is domiciled.
Data pertaining to branches or agencies of foreign
official institutions are reported opposite the country to
which the official institution belongs. Data pertaining to
international and regional organizations are reported opposite
the classification "International," "European regional," or
"Latin American regional," as appropriate, except for the
Bank for International Settlements and the European Fund,
which are included in the classification "Other Western
Europe
."
Consolidated data on all
holdings of U.S. Government bonds and notes exclude non-
marketable U.S. Treasury notes, foreign series, and non-
marketable U.S. Treasury bonds, foreign currency series
(see "International Financial Statistics" section, Table
2).
Presentation of statistics
Data collected monthly on the Treasury Foreign Exchange
Forms are published in three sections.
Section
I
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 available preliminary data.
Section IV presents supplementary data which are reported
less frequently than monthly but which are published monthly.
Operations and Statistics, Office of
1/ Copies of the reporting forms and instructions may be obtained from the Office of Balance of Payments Programs,
Federal Reserve Banks.
the Assistant Secretary for International Affairs, Treasury Department, Washington, D.C. 20220 or from
.
..
.
.
Treasury Bulletin
86
CAPITAL MOVEMENTS,
Section I - Summary by Periods
Table 1.- Net Movements of Banking Funds 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 claims on foreigners
Changes in liabilities to foreigners
Calendar year
or month
Transactions in:
Net
movement
Short-term
banking
Long-term
banking
funds
-767.6
261.8
280.9
164.5
1,576.3
-387.7
1,225.2
1,278.1
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
521.9
945.0
416.4
-940.5
-903.6
3,338.5
479.8
-404.8
305.4
1962 37
1963
1964 57
1965 p 67
.9
-1,054-6
.
.
1966-January p 7/
2/
37
4/
-528. 2r 57
1965-January
February.
March
April
May
June
July
August
September. .
October
November.
December p.
1/
-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
1,822.9
1,888.4
2,635.9r
-214.7
-199. 5r
-228 lr
-810. 7r
-283. Or
-362. 4r
126. 8r
53. Or
562. 4r
263. 2r
255. 6r
-257.7
-174.4
-137. 5r
303. Or
-641. Or
-400 5r
-417. lr
159. 2r
-93. 8r
531. 9r
357. 2r
236. 2r
-105.2
-51.8
230.1
218.3
.
.
0.5
3.2
-3.6
-0.3
0.3
0.2
1.1
-0.4
0.8
0.1
-1.5
8.7
-8.3
-0.8
6.7
-5.2
-418.4
636.2
601.5
-loo.o
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
,486.
57
948.5
2,910.2r i/
162.4
5.1
62.1
236.2
184.6
U.S. Gov't, Other
bonds
and
notes 2/
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
-
-66. lr
137. Jr
3.3
-35.0
321.3r
51.4r
60.1
-58.7
14.3
•
.9
3.3
7.1
5.9
.
371. 9r
y 1.6r
-93.3
-16.;
-
-
.-.
^/
Change includes claims previously held but first reported as of May
31, 1963; as of that date such claims amounted to $85.6 million.
Also
includes claims reported by banks for the first time as of December 31,
1963; as of that date such claims amounted to $193.2 million, representing in part claims previously held by banks but not reported.
Change in short-term liabilities includes a net increase of $54.8
-172.8
-486.0
31.9
-3.7
.
-55.9
1.6
.
-236.5
-111.7
-1
.3
-27.7
-6.2
-27.3
.
6/
1961.
4/
59.8
64.7
-0.7
198.1
For an explanation of statistical presentation and exclusions, see
headnote on page 85
Through 1949, transactions in U.S. Government bonds and notes include
transactions in domestic corporate bonds.
Data below the line include changes in liabilities and claims reported
by a number of banks included in the series beginning December 31,
2.3
98.7
12.7
70.5
141.1
156.2
291.3
193.9
-39.0
435.5
251.8
223.5
-8.7
-10. Or
-
.
47.5
28.3
-64.5
-150.6
-144.3
-21.2
.
-621. 2r
-445. Or
-418. 6r
7/
p
Transactions
in foreign
securities
2/
I.
-337.7
-75.7
Long-term
banking
funds
Short-term
banking
funds
Total
domestic
securities
-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
-2,314.0
-1,517.5
-2,725.: 4.
-3.164.lr
-339. 9 6/
-62.0
-531.1
-169.7
.
54.7
-32.4
.
-19.5
-94.0
19.4
-152.5
-L22.6
:
.-
-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
-1,148.2
-i68.:
-334.3
-188.3
-183.0
-153.3
-335.4
-343.0
-811.6
311.0
265.1
39.0
34.9
-86.8
39.8
-29.0
-173.6
-13.5
-36.6
115.6
-116.0
-230.0
-12(
.1
-869.5
6/
189. 4r
-119. 3r
-46.7r
133.8r
.
17. 5r
188. lr
28. Or
3.2r
106. 7r
-97.8
-156.9
167.4 7/
-9,1.
216.6 6
-228.2
-221.9
-11.3
65.9
60.6
74.5
12.3
-24.9r
-28. 8r
11.9
10.7
77.5
-94.8
27.8
-145.4
-377.0
-217.9
-72.2
-300
-30
-511
-722
-1,362
-749
-644.7
-830.4
-1,047.9
-:,
.lr
-934.3
-23.2
-189.9
-111.7
-82.2
-30.6
-124.4
-48.6
-22.6
-1
3.4
-99.2
-65.4
:33.i
million as cC Leceir.ber 31, 19o4, arising from changes in reporting
coverage.
Data below the line on changes in claims reflect the exclusion from
the series beginning December 31, 1964 of short-term U.S. Government
claims previously included; and the addition to the series of claims
arising from the inclusion of claims previously held but first reported as of December 31, 19o4, and from revisions of preliminary
figures
Data below the line on changes in short-term claims reflect the
addition to the series of short-term claims held in custody for
domestic customers but reported by banks for the first time beginning December 31, 1965.
Preliminary.
r Revised.
..
.
.
7
.
March 1966
87
CAPITAL MOVEMENTS.
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 liabilities to foreigners
Total
shortterm
liabilities
End of calendar
year or month
6, 883.1
6, 480.3
7, 116.4
1945.
1946.
1947.
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961.
7,
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
22, 532.
V
1961
57.
1962....
1963
1964 8/
018.6
.
9./
1965p 10/
1965-January.
February.
.
March
April
Hay
June
July
August..
September.
October.
November.
.
.
December p
1966-January p
1/
2/
K
y
s/
v
2/
713.0
7, 618.0
11,'
Short-term claims on foreigners
Total
longterm
Payable in dollars
Payable
Foreign countries
Official
institutions
4,179.0
3,043.7
1,831
2,836
2,907
3,615
3,547
4,654
5,666
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
10,893.3
11,915.3
12,436.9
Foreign
banks
2/
K
H
2/
2/
2,064.0
2,528.2
2,569.8
2,529.3
2,530.4
2,943.1
3,362.9 4/
3,413.0 4/
3,460.5
4,601.1
4,704.8
5.299.5
5,380.4
5,251.0
5,713.0
28,877.4r8/13,224.3
7,213.4r8/
29,039.8
7,316.6
13,037.4
International
and
regional
Other
foreigners
2,678.5
2,922.2
2,972.8
2,947.1
3,001.5
1,392.5
1,513.0
1,675.8
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
1,779.1
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
3,046.2
1,544.0
3,158.1
4,011.8
3.751.7
3,751.7
5,144.5
4,637.1
.3
8/4,973.5
3,598.8
5,027.6
28,811.2r
28,948. 2r
28, 327. Or
27, 882. Or
27,463.4r
27,784.7r
27,836.1r
28,509.1r
28, 881. Or
29,202.6r
29,133.1
12,588.4
12,684.6
12,296.8
11,970.0
11,958.7
12,204.6
11,751.8
12,062.9r
12,330.2
12,407.2
12,569.4
7,757.8r
7,777.9r
7, 403. Or
7,265.2r
7,112.8r
7,159.6r
7,358.5r
7,789.8r
7,805.1r
8,052.7r
7,778.4
3,382.1
3,430.0
3,481.9
3,476.9
3,439. 1r
3,471.4
3,483.3
29,039.8
13,037.4
7,31< •
29,237.9
12,513.1
7,610.4
4,985.9
4,982.5
5,081.7
5,085.7
4,862.8
4,847.7
5,145.5
5,058.3
5,125.0
in
foreign
currencies
liabilities
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
9.9
1.6
:8
113.1
7.5
2.2
2.2
-
150.4
150.4 6/
143.4 6/
89.9 8/ 306.2
490.8
59.3
97.0
73.3
63.6
84.2
90.0
5,096.1
5,084.6
97.0
113.3
117.7
100.8
98.5
3,598.8
5,027.6
59.3
490.8
3,626.8
5,126.3
For exclusions see headnote on page 85
Included with "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 beginning October 1961.
Figures for selected dates are as follows:
end 1961, $46.3 million; end 1962, $47.9 million; end 1963, $30.1
million; end January 1966, $294.2 million.
Includes claims previously held but first reported as of May 31, 1963;
as of that date such claims amounted to $85.6 million.
Also includes
claims amounting to $193.2 million reported by banks for the first
time as of December 31, 1963, representing in part claims previously
held by banks but not reported.
101.4
361.3
Payable
Loans to:
Official
institutions
392,
708,
948,
1,018,
827,
898,
968,
37
37
37
37
37
73.4
86.1
87.9
85.2
243.0
160.9
176.6
241.9
400.7
350.9
290.3
328.5
328.5
358.9
186.0
223.3
1,048,
904,
1,386,
1,548,
1,945,
2,199,
2,542,
2,624,
3,614,
4.762,
4,820,
5,163,
69*4
134.1
309.5
492.9
457.9
441.3
440.9
501.0
442.3
443.2
450.3
415.0
462.5
3,484.8
3,503.0
3,545.8
3,602.1
Payable in dollars
Total
shortterm
claims
6y
485.2
8/
'
197
11/
7,469.3
7,957 .2rc 220.8
7,646
21
272.2
7,731
12/272.2
7,767
7,887
7,933
7,799
7,775
7,757
7,569
7,541
7,498
221.4
249.8
242.9
207.9
212.9
230.9
241.4
7,391
264.8
254.7
233. 5r
239. 2r
7,489
in
Foreign
banks
Other
foreigners
Other
claims
100.3
319.6
292.9
361.2
222.7
37
37
37
2/
37
245.0
290.5
490.6
151.1
104.2
109.8
131.7
109.8
142.0
235.6
330.4
303.0
427.5
460.1
482.1
617.6
622.4
641.8
773.9
1,054.6
1,149.81
1,130.0
1,129.7
177.2
122.9
156.5
206.5
328.1
405.4
385.5
439.4
497.6
524.3
699.4
709.2
952.6
954.9
1,373.6
1,402.5
1.565.9
1,565.9
45L5
584.1
660.0
883.8
1,121.6
1,076.7
1,098.2
1,837.8
2.531.1
2,573.9
2,652.9
3,429.4
47.5
98.1
165.4
100.4
110.8
240.6
91.8
78.4
101.6
211.0
163.9
149.6
147.3
197.7
217.2
479.6
585.6
5§6TT
557.1
175.6
140.7
227.5
187.7
216.7
390.4
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
2,033.8
2,160.4
3,029.8 7/
3,971.4
4,284.7 97
4,158.
630.8
659.0
4,559.6r
4.204.1
4,272.9
474.0
490.9
4,501.3
630. 7r
659. 5r
599. 2r
548. 6r
574. 7r
566. 2r
532. 9r
509. 3r
4,512.9
4,734.8
4,746.1
4,680.3
4,619.6
4,545.1
4,532.8
4,557. 7r
4,586.5
4,574.6
4,563.9
624. 5r
,140.4r
,207.8r
,207.0
,208.3
,144.5
,147.4
,139.3
,128.7
1,467.6i|l ,106.2r
,101.3
1,440.1
1,535.5 ,100.9
4,347.9r
4,211.5r
4,152.5r
4, 089. Or
4,095.5
532.8
496.2
502.8
!,-•'
4,204.1
4,272.9
474.0
490.9
4,501.3
4,219.0
481.5
4,423.8
1,427.2
1,490.9
1,504.5
1,493.3
1,461.2
1,475.9
1,422.0
1,458. 5i|1
1,130.0
272.2
7,646.2
7.731.7JJ/272.2
1,565.9
7,564.4
1,496.9 1,107.9
259.1
557.1
494.3
328.7
503.4
627.9
foreign
currencies
Total
longterm
claims
1
,
1
29
.
4,278. 9r
4,380.1r
4,341.8r
4,381. 9r
4,337.2r
4,233. 8r
|
Short-term liabilities include a net increase of $54.8 million arising from changes in reporting coverage, distributed as follows:
+$22.5 million,
"Foreign banks" +$60.3 million, "Other foreigners"
and "Payable in foreign currencies" -$27.9 million.
Data on claims below the line differ from claims above the line because of the exclusion as of December 31, 1964 of $58.1 million of
short-term U.S. Government claims previously included; and because
of the addition of $545.9 million of short-term claims and $313.3
million of long-term claims arising from the inclusion of claims
previously held but first reported as of December 31 , 1964, and from
revisions of preliminary figures.
See footnote 1 1
Data on claims below the line differ from claims above the line because of the addition of $85.5 million of short-term claims held in
custody for domestic customers but reported by banks for the first
time beginning December 31, 1965.
Preliminary.
Revised.
Treasury Bulletin
68
CAPITAL MOVEMENTS
Section I - Summary by Periods
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners!/
.
.
.
.
,
March 1966
89
CAPITAL MOVEMENTS
Table
I.<
Section II - Summary by Countries
Short-Term Banking Liabilities to Foreigners!/
(Position at end of period in millions of dollars)
Calendar year
Country
1962
1963
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
O.S.S.R
Other Eastern Europe
Total Europe.
329.1
177.4
67.0
73.2
1,156.6
2,729.9
118.9
1,383.8
248.2
124.7
160.6
177.2
490.5
907.5
25.2
1,608.6
10.5
351.7
2.6
18.5
365.5
419.9
160.7
99.3
,478.3
,040.7
188.4
802.5
360.1
132.9
191.4
205.0
409.1
905.6
20.6
,483.2
15.9
465.2
1.8
23.7
10,161.7
10,769.8
2,987.7
Latin America:
Argentina.
Brazil..
Chile
Colombia.
Cuba
Mexico. .
Panama. .
Peru
Uruguay
Venezuela
Other Latin American Republics .
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America
209.6
204.1
135.3
148.3
.
14.7 4/
531.1
.
98.2
105.1
101.1
405.0
264.7 _
122.8 6/
97.4
10.5 .5/6/
.
y
Total Latin America
2,448.0
Asia:
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines....
Taiwan
Thailand
Other Asia
35.7
65.3
41.4
28.5
81.3
2,195.2
135,7
174.5
75.2
332.7
278.6
Total Asia
3,444.1
Africa:
Congo (Leopoldville)
35.2
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
67.9^
41.5
13.9
160.5 7/
Total Africa
'•
Other countries:
Australia
All other
Total other countries
International and regional:
International
European regional
Latin American regional
Total international and regional
Grand total
.
-
375.5
179.2
143.4
169.3
10.9
668.8
128.7
158.2
113.5
590.7
354.7
135.9
93.3
15.4
.
Treasury Bulletin
90
CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners
i
(Position at end of period in millions of dollars)
19b
Calendar year
Country-
1964 2/
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
.
U
.
K.2
25.5
"•
.
1
70.0
48.0
.
;
637. a
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
188
P eru
American Republics
Bermuda
Antilles and Surinam
America
Total Latin America
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
Total Africa
Other countries:
Australia
All other
Total other countries
International and regional
Grand total
.
I
.
Total Europe
Canada
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
121.2
!i
September
December p
__/
March 1966
91
.CAPITAL MOVMENTS
Section II - Summary by Countries
Table 3.- Long-Term Banking Claims on Foreigners
(Position at end of period in millions of dr-llars)
Calendar year
Country
:
Europe
Austria
Be lgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Fortuga 1
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
:
1
1
-
i
lfl
1<
37
U.S.S.'R
19
Other Eastern Europe
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Columbia
Cuba
Mexico
Panama
Peru
Uruguay
Venezue la
Other Latin American Republics..
Bahamas and Bermuda
Netnerlands Antilles and Surinam,
Other Latin America
Total Latin America
Asia :
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thai land
Other Asia
Total Asia
Africa :
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
Other countries
Australia
All other
:
Total other countries
International and regional
Grand total
,
.
_
i
Treasury Bulletin
92
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 4.- Net Transactions In U. S. Government Bonds and Notes by Foreigners
1/
United States)
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the
March 1966
93
CAPITAL MOVIMENTS
,
Section II - Summary by Countries
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)
Country-
Euro^:
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.
.
i
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics 1/.
Bahamas and Bermuda
Netherlands Antilles and Surinam
Other Latin America 1/ 2/
Total Latin America
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)
Other Africa
(
Total Africa
Other countries;
Australia
All other 2/
Total other countries ij
International and regional:
International
European regional
Latin American regional
Total international and regional.
Grand total
i
211
:±
Treasury Bulletin
94
CAPITAL MOVEMENTS
.
Section II - Summary by Countries
Table 6.- Net Transactions In Domestic Stocks by Foreigners
capital from the United State
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of
March 1966
95
.
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 7.- Net Transactions in Long-Term Foreign Bonds 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
1962
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/ £> ;
,
.
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics tj
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America 4/ 5/
Total Latin America
-2,051
-10,111
-36,191
606
-37,252
-19,018
-459
9,504
30,920
-23,437
24
2,572
-338
29,212
28
27,579
-15,601
-5
-44,018
-434,047
107
4,086
1,518
408
5
-12,867
-8,465
9
1,574
-5,694
3,142
y
-6,326
-12,168
-34,671
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).
Other Africa
Total Africa
Other countries:
Australia
All other 6/
Total other countries 1/
International and regional:
International
European regional 2/
Latin American regional • •*..
Total international and
regional
Grand total
1,046
-63
4
-49,149
-94,191
-700
315
1,000
-1,518
-4,228
-147,484
301
13,279
-1
6/
7/
Treasury Bulletin
96
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 8. - 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)
March 1966
97
CAPITAL MOVEMENTS
Section II - Summary by Countries
Estimated Holdings of U. S. Government Bonds and Notes
Table 9.
(Position at end of period in millions of dollars)
On basis of 1^60 survey
Country
[
On basis of 1963 survey
ee ember
December
1963
1963
1964
14
14
1965
1965 p
August
September
October
November
December p
January p
Europe;
2
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
1
16
13
2
*
1
1
1
1
1
1
1
1
3
3
6
7
7
7
7
7
7
7
3
3
«
1
1
1
1
1
1
1
*
«
9
»
1
1
1
1
2
4
5
6
126
131
P or tugal
1
1
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
1
1
U.
S.
S.
93
83
14
14
1
6
68
14
14
14
14
»
1
1
1
6
68
6
57
1
49
6
49
»
*
*
*
2
2
2
2
2
2
2
24
24
89
24
24
24
89
49
e
6
133
83
129
40
75
79
24
89
361
328
414
553
539
548
557
556
553
50
45
48
49
49
49
49
49
49
7
7
7
7
7
7
7
807
811
821
818
809
7
-'"
676
722
718
677
673
*
K
370
R
Other Eastern Europe
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexi co
Panama
P eru
Uruguay
Venezuela
Other Latin American Republics..
Bahamas and Bermuda
Netherlands Antilles and Surinam
Other Latin America
389
686
4
5
2
1
1
10
1
Total Latin America
1
1
1
1
»
1
1
1
676
1
1
1
g
w
1
1
1
2
2
2
1
1
2
2
2
2
2
2
4
4
17
3
3
3
4
16
18
17
17
17
v
26
5
5
15
16
3
15
a
33
33
32
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
1
*
Morocco
South Africa
United Arab Republic (Egypt)....
Other Africa
Total Africa
9
5
2
34
Total Asia
Africa:
Congo (Leopoldville)
1
1
50
36
51
39
47
40
49
38
38
33
38
38
38
51
51
51
51
51
51
16
16
16
16
16
16
16
16
16
16
,
16
10
16
10
Other countries:
Australia
All other
1
International and regional:
International
European regional
Latin American regional
Total international and regional
Grand total
Note:
1
1
Total other countries
798
1,129
1,135
679
827
718
718
718
*
112
84
84
76_
679
74
77
77
78
73
74
jo 5
795
795
752
752
,421
2,427
2,383
2,327
2,329
1,213
1,218
903
752
2,781
2,742
2,405
,329
Data represent estimated official and private holdings of U.S.
Government securities with an original maturity of more than one
(For exclusions see headnote on page 85.) Annual and monthyear.
ly data are shown in this section beginning with the February 1964
issue of the Bulletin.
For quarterly data see Section IV, Table 2,
through the June 1964 issue; and "International Financial Statistics," Table 4, beginning with the September 1964 issue. Data as
of December 31, 1962-63 are on the basis of a November 30, I960
survey and regular monthly reports of securities transactions (see
Table 4). Data for December 31, 1963, also are shown on the basis
679
monthly transactions reports. For
of a July 31 1963, survey and the
introduced as of December
statistical convenience, the new series is
date.
31 1963. rather than as of the survey
believed to result from
The variations between the two series are
shifts in ownership not involvomissions from, or errors in reporting,
physical
™g ^chases or sales through U.S. banks or brokers and
It is not possible to
transfers of securities to and from abroad.
dates.
earlier
for
reconcile the two series or to revise figures
'
Less than $500,000.
Preliminary.
Treasury Bulletin
98
CAPITAL MOVEMENTS.
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners as of January 31, 1966
i
(Position in thousands of dollars)
Short-term liabilities payable in dollars
Total
shortterm
liabilities
Country
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugos lavia
Other Western Europe
U.S.S.R
Other Eastern Europe
U.
Total
Deposits 2/
U.
S.
Treasury
bills and
certificates
:
985,005
,
91,214
913,462
1,244,344
114,677
1,695
229,195
193,906
230,617
298,895
.
270,920
252,566
49,487
313,055
105,028
77 146
,
4,414
29,657
4,205
27,528
11,674,106
10,383,629
4,046,232
2,491,757
,218,115
1,542,063
423,597
363,541
188,722
271,557
85,639
61,285
774
403,302
14,823
106,030
37,460
424,505
280,303
47,263
257,123
80,941
,
,
33,533
......
..
.
.
101,470
627,322
1,103,836
30,615
2,914,795
12,911
352, 446
Total Europe
.
153,201
81,631
205,507
86,893
131,296
326,114
30,384
1,761,770
8,586
61,191
4,137
24,279
643,677
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
229,116
350,864
393,394
327,169
.
.
:
209 669
,
188,913
9,444
723,186
125,930
248,199
144,278
788,214
511,594
164,334
119,055
18,238
American Republics..
Bermuda
Antilles and Surinam
America
Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
.
49,611
5,250
.
774
313,798
12,412
105,267
35,991
401,376
203,119
61,984
25,760
5,213
4,038,192
2,005,767
1,608,295
34,879
111,839
85,226
34,644
123,082
,955,814
118,197
294,790
213,416
577,092
29,906
45,271
63,741
31,839
115,658
2,919,407
116,494
229,801
200,142
573,036
691,879
29,906
40,051
34,142
29,648
80,571
1,700,567
112,890
214,799
168,153
207,649
474,382
5,327,070
5,017,174
3,092,758
10,424
19,949
72,143
18,407
191,382
8,300
16,861
62,461
17,594
156,259
8,298
14,975
62,176
14,239
95,914
312,305
261,475
195,602
43,790
24,407
218,560
18,841
88,193
3,197
237,401
,760
4,986,632
9,459
130,169
4,986,582
9,459
130,147
287,042
8,751
:
,
,
,
Thailand
Other Asia
...
Total Asia
Africa
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
^
,
:
Total Africa
Other countries
Aus tralia
All other
:
Total other countries
International and regional
international
V
European regional
Latin American regional
Grand total
"
-
.
51
:
Total international and regional.
5,126,260
387
To all other foreigners
To foreign banks and official institutions
.-,"''
'
.
25,249,749
13, '1'
314,708
10,898,418
130,413
,
10,000
485,011
857,070
20,000
1,085,148
113,886
12,028
11,300
453,200
122,685
1,004,223
300
46,142
Other
Total
S.
Treasury
Deposits 2/ bills and
certificates
Other
.
March 1966
99
CAPITAL MOVEMENTS
.
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of January
31, 1966
(Position in thousands of dollars)
Short-term claims payable in dollars
Loans to:
Total
shortterm
claims
Country
Total
Foreign
banks and
official
institutions
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.
.
.
73,804
,-
62,093
127,953
12,505
. .
121,204
39,083
,
26,300
53,932
22,750
57,664
49,429
.
25,922
58,808
52,803
,
.
35,653
199,478
23,095
26,587
5,260
25>121
35,595
114,999
23,067
26,127
5,259
.
Total Europe
Total Latin America..
,
,
14,781
33,389
33,030
15,981
1,258
5,115
8,562
,141
1
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics.
Bahamas and Bermuda
Netherlands Antilles and
Surinam
Other Latin America
.
41,569
6,064
19,252
8,699
12,151
.
9,459
.
230,907
96,084
176,305
28,609
21,784
33,525
52,952
96,172
176,398
243,097
16,426
661,552
59,138
172,245
49,074
185,089
236,457
51,095
59,128
172,159
49,073
180,849
236,365
50,303
26, 548
12,812
23,500
12,807
23,383
499
.
16,399
283,922
37,510
13,818
35,898
55,229
11,370
•'','
213
.
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
738
24,206
21,989
2,328
86,340
2,684,981
23,583
240,308
14,933
83,731
113,100
24,132
21,695
2,287
85,088
,629,317
23,580
239,489
14,933
83,659
111,735
Total Asia.
3,296,237
3,236,648
1,379
1,599
1,379
1,599
38,048
37,583
63,345
37,244
63,113
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa.
Other countries:
Australia
All other
Total other countries....
Grand total
.
141
119
61,513
14,073
47,394
75,58
55,451
International and regional:
International
European regional
Latin American regional..
Total international and
regional
733
,
10
58
75
75
7,564,358
7,082,874
727
12,031
12,255
917
37,578
529,979
10,039
142,421
2,998
25,372
36,008
-:
.
"
14,494
22,873
19,918
58
Treasury Bulletin
100
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
as of January 31, 1966
Table 3.- Long-Term Banking Liabilities to and Claims on Foreigners
(Position in thousands of dollars)
Long-term claims payable in dollars
Total
long-term
liabilities
Country
Total
long-term
claims
Other
Total
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.
2,000
2,003
1,000
4,000
1,840
2,795
57,876
213,926
86,532
323,391
7,247
218,798
81,433
70,926
91,936
35,838
1,912
83,597
5,690
10,533
73,029
91,805
40,959
66,363
48,126
:i3,384
86,296
313,811
5,869
216,798
78,933
66,679
90,015
34,678
1,890
71,909
4,385
9,936
1,921
1,160
22
11,688
1,305
597
5,106
5,106
3,349
1,757
73,082
97,305
40,983
66,531
56, 340
213,926
86,532
323,391
7,247
218,798
81,433
70,926
91,936
35,838
1,912
83,597
5,690
10,533
73,082
97,305
40,983
66, 531
56, 340
53
5,500
24
168
8,214
542
236
9,580
1,378
2,000
2,500
4,247
1,571,106
1,571,106
1,518,214
Canada
335,613
333,753
292,387
41,366
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics...
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America
61,984
151,409
46,495
71,215
594
478,276
70, 590
81,067
43,831
80,700
116,016
38,855
7,973
2,095
61,984
151,409
46,495
71,019
594
474,723
70,590
81,067
43,831
80,431
116,016
38,855
7,973
2,095
37,595
100,458
44,994
68,358
24,389
50,951
1,501
2,661
424,013
70,458
78,042
43,674
78,811
114,451
38,524
7,973
2,051
50,710
132
3,025
157
1,620
1,565
1,251,100
1,247,082
1,109,402
137,680
5,635
2,531
34,197
17
31,899
437,452
3,853
234,277
4,749
10,088
59,825
2,531
34,197
17
31,899
437,452
3,853
234,277
4,749
10,088
59,825
2,531
32,712
17
30,589
417,329
2,655
222,508
4,575
10,088
59,049
13,800
818,888
818,888
782,053
6,280
6,280
6,280
82
82
82
40,107
11,954
142,665
40,107
11,954
142,665
40,107
11,902
136,642
6,023
201,088
201,088
195,013
6,075
215,082
30,333
215,082
30,333
213,916
30,333
1,166
7
2,012
245,415
24 s , 415
244,249
1,166
95,000
610
610
610
284,500
610
610
610
4,423,820
4,417,942
4,141,928
71,514
Total Europe.
Total Latin America
Asia
30,725
1
404
54,050
200
27,985
113,365
594
331
44
:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
1,997
2,138
4,030
Total Asia
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa
Other countries:
Australia
All other
2,005
Total other countries.
International and regional
International
European regional
Latin American regional
1,310
20,123
1,198
11,769
174
776
36,835
52
:
Total international and regional.
Grand total
1,485
189, 500
•/
.
1
'
:
276,014
:
.
.
March 1966
101
CAPITAL MOVEMENTS
Sect Ion III - Preliminary Details by Countries
Table 4.- Purchases and Sale s of Long-Term Securities by Foreigners
During
(In thousands of dollars)
Purchases by foreigners
Domestic securities
Country
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
Total
U. S.
purchases Government
bonds and
notes
Corporate and
other
Bonds
Stocks
2 ,770
12 ,546
10
7
5
1 ,239
28
3,420
447
10
,326
18 ,335
442
1* ,005
28 463
1 ,501
2 ,686
5 810
2,664
5,982
344
11,744
8,243
10
21,383
11,189
400
9,327
15,493
756
2,389
5,438
1,031
134, 510
12
44,702
624
1,982
4,551
372,377
13,892
43,734
260,187
154,955
3,343
15,551
77,223
3.
79
4
170
68
38
1,513
.Ofc..
56
3
5
991
164 909
20
,529
6
,786
8,564
2,904
140
35
1,664
12,650
5
6
3
:
2,319
1,350
800
1,399
137
5,133
5,510
5,163
455
1,501
4,475
917
4,078
10,361
5
193
153
38
30
102
47
693
537
92
1,299
2,014
34,850
357
17,488
555
American Republics...
Bermuda
Antilles and Surinam.
America
Total Latin America.
1,728
5,233
980
3,585
1,490
266
45,485
2,088
1,022
458
1,262
137
2,765
29
1,261
168
Asia:
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines. . .
Taiwan
Thailand
Other Asia
11,520
21
11,322
Total Asia
37,808
624
31,079
Africa
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
22
22
18,406
48
39
4,338
2,122
18
1,195
48
812
1,094
18
182
37
44
56
56
:
137
137
122
53
822
13
1,792
159
10
1,490
Total Africa
2,886
1
Other countries:
Australia
All other
4,970
Total other countries.
International and regional :
International
European regional
Latin American regional.
Total international and regional..
Grand total
395
5,365
1,445
9,417
96
243
243
9,756
248
1,445
628,632
18,789
63,486
January 1966i/
Treasury Bulletin
102
CAPITAL MOVEMENTS
.
Section IV - Supplementary Data by Countries
Table 1.- Short-Term Liabilities to Foreigners Reported by Nonbanking Concerns
(Position at end of period in thousands of doj lars)
1963
1°65
'.
Country
September
December 2/
Tune
December }y
Marcl
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
2.055
23,191
2,245
1,423
30,632
34,589
2,117
26,057
56,384
2,434
1,265
1,638
26, 449
2,799
1,295
33,409
33,999
1,723
25,190
45,833
2,687
786
6,532
8,647
24,926
1,589
100,204
3,672
3,263
188
2,292
19,139
1
,322
1,082
31,334
32,167
2,416
26,353
43,485
2,120
1,032
6,389
6,934
19,935
4,342
110,036
6,051
898
2,808
20,883
1,078
2,629
20,207
936
1,041
28,165
36,414
4,566
24,480
46,399
2,951
26,788
34,452
4,506
22,362
46,052
1
.
1,032
680
30,718
44,390
3,977
27,118
30,592
,13;
,O70
1
9,007
7,187
19,034
4,684
101,662
Other Eastern Europe
315
182
901
587
2,205
60
387
Total Europe
373,136
325,144
318,910
15,709
300,672
61,801
72,286
67,588
61,938
5,801
396
6,092
16,740
3,474
3,816
25,147
11,154
4,739
9,329
1,502
7,171
13,134
3,237
6,630
202
7,828
20,149
5,383
683
22,120
12,697
1,350
5,686
3,645
6,105
13,487
3,355
5,816
200
10,515
29,027
5,545
11,357
3,309
8,256
204
8,058
20,903
6,243
905
21,704
8,918
2,472
5,079
10,075
2,961
7,480
168
6,778
20,552
5,298
796
20,789
7,990
2,451
3,900
10,965
3,598
6,669
137
8,105
26,034
4,708
660
19,722
10,508
7,251
7,181
6,395
6,123
9,289
4,100
117,508
109,915
117,645
111,520
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
1,736
1,790
14,800
2,474
1,408
29,188
970
7,007
536
1,024
20,585
1,469
2,412
13,829
2,570
1,454
23,685
758
4,981
1,768
2,377
14,036
3,179
1,769
2,352
14,080
5,388
1,053
26,714
723
722
1,739
805
18,051
l,9 9
Total Asia
81,518
71,671
76,044
80,139
,046
560
U.
S.
S.
Ft
Canada
Latin America :
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuala
Other Latin American Republics..
Bahamas and Bermuda
Netherlands Antilles and Surinam
Other Latin America
Total Latin America
20,504
3,511
5,303
5,281
1,484
20.112
9,569
1,968
6,057
4,669
8,428
6,764
.
4,435
97,311
751
61
l,871r
l,749r
30,749r
35,364r
69 826r
5,212r
1,842
21,370
.
46,875r
,
3,702r
,
.
l,348r
l,584r
10,229
8,271r
33,188r
.
6,016
6,569
39,632
4,515
126,519
3,443
3,410
130
510
981
1
585
1,585
12,452
7,044
35,951
5,456
108,452
,020
2,651
1,646
,i
2,061
.
l,800r
l,704r
4,904
6,044r
34,117r
6,833r
104,477r
637
3,510
4,879
89
783
1!
!,.'.''
50,492r
5,302r
2,053r
8,652r
ilr
,1
:85,660r
,569r
81
.
.
10,890r
3,646r
!
,
I
'
.
.''•
10,919r
'"
7
,
.
7i
I
,
99,532r
.
341,209
59,962
,1
1
'
191r
ll,428r
4,217r
12,871
162
.
.
20,804
6,6'
.
l,529r
,1
.
.
1,553
5,036
2,461
.
110,856
.
.
108,291r
115,211r
Asia:
2,341
23,412
669
4,826
1,588
I
1,297
,810
.
15,528
2,946
1,078
31,169
389
.
5,083
898
24,596
505
582
5,462
809
712
C
,
28,261]
6,212
367
4,463
764
695
,516r
,
2,627r
601
',475
20,557
73,150
81,979
548
3,086
1,306
11,009
1,489
1
5,505r
570r
1
23,949
6,709r
.
30,26lr
464r
6,180r
1,230
606r
23,043r
-,
-',
31
.
r
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
467
244
11,837
10,096
10,053
Total Africa
32,697
Other countries:
Australia
All other
Total other countries
669
10,484
5,506
-',11.'.
17,715
6,409
16,712
5.424
24,124
22,136
101
134
24
international ana regional :
International
European regional
Latin American regional
190
Total international and regional
Grand total
,
1
304
8,954
4,053
6,255
5.710
1,896
5,410
20,612
19,099
18,120
25,442
4,467
27,348
5,872
26,692
5,339
25,920
7,773
33,
32,031
33,693
634
32
634
32
104
45
204
666
666
149
c30,912
622,291
259
.
124
80
Data are reported by exporters, importers, industrial and commercial
firms, and other nonbanking concerns in the United States.
Data
exclude intercompany accounts between firms in the United States and
affiliates abroad.
The detailed breakdown of the most recent
data is shown in Table 3 of this Section.
Data includlisand of liabilities reported by firms reporl
Note:
1/
for
350
350
.
•'
.
1,901
9,521
,
•
.
;
.
.
25,170r
9,320r
•
96
11
'
67
24
Line.
tl
from firn
ts
2/
4,420
previous
Data
with the second column fur June
thousand or more;
Lng exemption was $100 thou
i
:
i
nary.
time,
Revised.
for
9
.
March 1966
103
CAPITAL MOVEMENTS
Section IV - Supplementary Data by Countries
Table 2.- Short-Term Claims on Foreigners Reported by Nonbanking Concerns
(Position at end of period in thousands of dollars.)
1964
1963
December
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
1/
7,617
22,453
.
"'
.,'
,21
103,337
9,248
106,344
32,017
'-,731
.
Latin America:
Argentina
Brazil
Chile
Col ombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
5,654
20,500
6,852
5,415
68,720
81,928
9,106
,
;
30,300
6,689
,
I
,
,
248,078
3,709
4,804
71
3,559
68! ,328
705,542
730,903
.
25,391
13,411
4,947
American Republics...
Bermuda
Antilles and Surinam.
America.
6,552
17,577
5,643
7,126
52,179
113,907
13,284
101,378
34,448
6,296
7,635
31,945
20,217
22,518
241,322
3,446
4,095
737
2,679
24,597
39,233
9, 9'-
4,964
10,546
September
June 2/
46,961
17,292
18,599
5,294
283,737
3,314
6,414
377
2,415
731, --,14
Canada
March
.
22,812
117,727
24,464
20,566
5,143
58,627
10,091
22,769
5,241
37,236
42,475
20,497
4,968
.
1965
5,497
5,155
279,653
2,600
6,287
377
2,352
4,942
16,914
6,398
8,214
50,275
94,780
9,640
89,782
32,371
6,598
8,764
44,923
18,670
16,010
4,240
407,123
2,823
6,410
98
2,679
714,335
831,654
L
-1,-97
6,562
5,189
67,050
79,405
8,712
99,249
29,760
6,476
10,044
46,275
16,555
17,240
December 3/
6,558
18,524
6,261
6,736
60,816
139,827
9,828
94,820
31,094
7,662
4,056
42,141
19,143
21,657
9,086
329,244
3,273
9,016
298
2,227
6,559r
6,268r
6,736
60,914r
139,966r
9,828
94,872r
31,259r
7,665r
4,057r
42,144r
19,163r
21,685r
9,101r
330,001r
3,273
9,016
298
2,227
5,608
20,041
10,895
5,518
80,503
104,886
9,674
76,156
29,825
7,255
6,551
47,870
19,528
40,153
7,894
289,448
4,576
7,792
656
1,975
822,267
823,720r
838,415r
777,706r
776,804
908,449r
777,930r
755,726
33,053r
28,575r
92,648r
27,445r
21,967r
3,992
76,470r
9,224
27,216r
10,942
43,347r
52,6l2r
8,594
3,445r
9,044r
38,117
922,977
1,032,176
1,057,075
20,402
126,318
22,986
23,262
5,029
62,368
10,427
23,213
6,267
40,204
44,858
20,633
4,943
10,876
20,060
125,037
21,390
22,060
4,936
58,251
9,839
22,114
5,998
37,759
42,182
20,153
4,652
9,182
25,798
128,306
24,639
25,390
4,482
64,191
9,241
23,269
8,040
44,909
46,503
18,692
4,456
30,471
144,517
25,234
24,596
4,285
68,879
11,934
25,724
10,021
45,789
51,325
11,422
4,150
9,548
30,484r
144,523r
25,236r
24,603r
4,292r
75,683r
ll,938r
25,927r
10,021
45,849r
51,326r
ll,438r
4,150
9,566r
13
September p
4,956
15,942r
10,811r
6,260r
70,980r
117,584r
8,150
80,545r
31,350r
7,314r
10,159
32,649
23,122r
40,816r
8,295r
293,918r
4,943
8,164
124
1,624
931,731
',
June
6,751
16,268r
9,183
6,007
69,247r
114,226r
6,831
84,495r
28,555r
6,373r
7,664
39,233r
20,744r
28,736r
11,519
364,993r
6,393
7,222
1,282
2,693
L8,688r
l,127,774r
i
March
U3,048r
24,659
25,708r
4,118r
74,738r
10,855r
21,469r
9,089
40,286r
49,150r
8,080r
2,853r
9,181r
89, 145
30,309
20,601
3,972
71,159
11,761
25,629
10,556
47,146
54,297
5,418
4,699
9,253
422,062
Total Latin America.
151
7,697
35,552
3,569
5,115
167,625
14,238
13,940
5,179
6,881
68, 143
Asia:
China Mainland.
Hong Kong.
India
Indonesia.
Israel.
Japan.
Korea.
Philippines.
Taiwan.
Thailand.
Other Asia.
Note:
1/
Data are reported by exporters, importers, industrial and commercial firms, and other nonbanking concerns in the United States.
Data exclude claims held through United States banks, and intercompany accounts between firms in the United States and their
The detailed breakdown of the most recent data
affiliate.- abroad.
is shown in Table 3 of this Section.
Includes $56,633 thousand of claims reported by firms reporting for
previously reported.
first time and claims held but not
for June 1964 includes
seri-s beginning with the second column
thousand or more; for previ/nrts from firms having claims of $500
was $100 thousand.
ous series the reporting exemption
includes $79,423 thousand of
?he second column for December 1964
the first time,
claims reported by firms reporting for
r Revised.
Preliminary.
,e
e
3/
p
Treasury Bulletin
104
CAPITAL MOVEMENTS
Table
3.
Section IV - Supplementary Data by Countries
Short-Term Liabilities to and Claims on Foreigners Reported by Nonbanking ConcernsDetails as of September 30, 1965 P
(Position in thousands of dollars)
i
March 1966
105
CAPITAL MOVEMENTS
,
(Position at end of period in
thousands of dollars)
1963
1964
Country
September
December
March
June 1/
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
,
275
6,344
277
5,435
272
5,438
587
15
78
686
683
,
Total Europe.
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
'
Peru
Uruguay
Venezuela
Other Latin American Republics...
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America
Total Latin America.
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
2,062
34,772
112
156
53
15
81
1,087
33,781
117
163
108
1,055
471
369
5,618
5,449
50
50
53,962
48,304
47,911
93,270
87,834
84,737
1,708
538
433
1,536
503
639
1,207
641
625
10
10
90
381
20
20
205
2,261
165
60
371
164
2,425
179
1,074
1,526
10
60
383
439
19
148
1,913
317
78
1,251
6,955
7,913
7,061
38
525
34
138
75
33
175
45
138
38
175
40'
22
78
44
138
87
12
78
3,410
2,308
38
39
40
30
36
30
26
39
926
3,979
2,904
5
30
Africa:
Congo (Leopoldville)
Morocco.
South Africa
United Arab Republic (Egypt).
Other Africa
3
3
3
132
135
1
132
23
Total Africa
135
139
158
Other countries:
Australia
All other
535
312
212
535
312
216
152,783
148,481
142,987
Total other countries ...
4
International and regional .
Grand total
4,520
Treasury Bulletin
106
CAPITAL MOVEMENTS
Section IV - Supplementary Data by Countries
Table 5.- Long-Term Claims on Foreigners Reported by Nonbanking Concerns
(Position at end of period in thousands of dollars)
1963
Country
September
December 1/
268
2,004
7,385
1,676
293
2,036
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
8,072
10,259
6
2,111
313
3,071
2,111
336
3,535
434
1
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics..
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America
Total Latin America
17
411
1,381
13,615
7,345
15,513
1,066
628
6,152
205
3
,
291
7,232
13,648
1,066
10
98,923
Total Europe
Canada
7,431
1,882
21,113
2,868
8,241
10,267
17,251
3,021
41 ,878
56,115
128,036
126,565
11,577
3,986
6,934
101,547
5,196
94,097
5,601
6,784
1,525
6,632
11,206
8,563
1,057
1,704
3,994
11,977
8,326
16
61 ,408
8,741
2,934
6,648
69,361
5,114
416
505
415,875
284,575
291
60
4,129
4,392
17,086
90,314
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
1,500
147
14,455
122,872
1,565
49,387
5,229
1,363
13,359
Total Asia
210,168
Africa:
Congo
54
48,11
~
4,983
1,140
12,941
183,2«
Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
7,894
5,549
84,987
5,637
85,796
Total Africa
98,430
95,889
Other countries:
Austral ia
All other
14,497
(
Total other countries
1
4
1,071
15,568
International and regional
Grand total
880,565
4,451
.
March 1966
107
CAPITAL MOVEMENTS.
Section IV - Supplementary Data by Countries
Table 6.- Foreign Credit and Debit Balances in Brokerage Accounts
(Position at end of period in thousands of dollars,
Credit balances (due to foreigners)
Country-
December
I
1962
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
:
HI
2,309
134
274
2,128
140
12
12
5,839
2,601
159
1,674
5,640
1,090
456
2,089
303
44,157
5,246
3,109
American Republics...
Bermuda
Antilles and Surinam.
America
•
35
9,863
11
1,310
27
778
1,187
100
256
77,269
75,262
-'.''..
9,164
3,846
1,706
1,606
830
479
321
2,278
2,156
475
2,478
3,045
244 2
2/
2,377
757 2
1,115
776
948
470
79
3,157
:..
2,159
365
1,566
3,788
626
1,498
323
1,596
423
1,545
2,086
633
487
1,900
359
17,422
15,037
Asia :
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
4
2,589
775
24
93
3,129
103
3
112
375
10
223
57
67
194
163
19
Other countries:
Australia.
All other.
Grand total
55
14,956
10
17
1,381
1,632
223
11,371
"
2,636
897
536
647
871
499
417
65
58
2,059
2,560
448
1,884
3,806
1,004
1,361
2,101
-.,
9
2
,816
43
36
47
414
-'
-
:
,
V-
4
4,002
70
41
178
482
3
2
207
36
2,283
2,032
6,268
6,056
7,360
4o
23
28
62
34
28
70
2/
382
332
558
2/
601
449
129
172
253
25
2/
147
18
127
49
618 3
1':
55
12
338
4U
I
Total other countries....
International and regional
193
99,518
J
.
111,801
109,034
116,024
26
7,644
4,056
396
3,952
7,459
1,212
628
3,250
667
52,965
10,901
,110
:
Total Africa..
C
3 .5
76
2,101
52
Africa
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
1,213
4,057
68
43
20
2,557
177
Total Asia
552
1965 p
7,542
3,655
196
2,443
5,529
907
325
2,538
526
58,560
9,291
i
1965
6,562
3,350
195
42,857
December
331
3,738
408
2,884
4,296
1,507
340
1,803
439
47,015
34
12,51u
Debit balances (due from foreigners)
June
233
2,522
71
53
18,75:
Total Latin America.
ecember
1964
355
535
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
I
2,039
4,088
971
1,907
798
U.S.S.R
Other Eastern Europe.
Total Europe
ecember
1963
139,455
'.
cembc r
1962
I
ecember
1963
December
1964
June
1965
December
1965P
.
,
Treasury Bulletin
108
CAPITAL MOVEMENTS
Table 7.
-
.
Section IV - Supplementary Data by Countries
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
1962
1961
"Other Western Europe "
Cyprus
Gibraltar
Iceland
Ireland, Republic of.
Luxembourg
1963
1964
April
1965
December
1965
657
1,242
3,148
3,240
16,111
3,411
617
728
5,632
2,906
10,830
1,729
722
1,657
6,974
10,696
7,361
2,687
5,173
8,697
17,384
4,110
759
1,509
7,149
6,321
20,052
3,588
178
1,170
851
1,638
1,029
504
318
7,205
1,507
1,268
275
1,558
1,140
1,524
1,115
421
368
8,899
1,650
1,557
243
1,419
781
1,453
1,838
356
411
13,522
1,379
2,236
180
662
1,027
1,576
1,495
432
328
9,735
1,922
1,321
409
669
1,264
1,505
1,392
312
271
11,525
2,312
1,316
"Other Latin American Republics "
Bolivia 1/
Costa Rica
Dominican Republic 1/
Ecuador
Guatemala 1/
Haiti
Honduras
Jamaica
Nicaragua
Paraguay
El Salvador 1/
Trinidad and Tobago
26,173
13,284
22,835
23,595
45,773
9,865
14,769
1,840
17,345
4,874
21,936
23,182
16,498
42,028
36,283
40,865
10,487
13,776
3,255
14,838
5,667
22,472
3,077
32,567
29,127
58,037
53,449
47,862
12,940
20,031
5,564
34,963
8,892
41,690
2,286
43,186
31,495
55,815
67,060
48,702
14,348
6,994
42,393
11,377
56,023
7,367
53,054
28,567
47,256
65,220
71,567
15,437
32,991
7,820
67,419
12,075
71,653
8,622
8,563
67,009
13,795
66,998
3,577
"Other Latin America"
British West Indies
French West Indies and French Guiana.
14,042 2/
9,043
1,044
11,665
1,310
7,983
1,104
16,047
1,337
11,491
2,157
2,757
5,288
1,415
2,468
12,606
4,858
3,563
4,995
1,397
9,865
6,931
3,101
472
23,505
19,849
2,792
46,539
8,818
76,320
24,104
2,059
17,341
21,722
61,710
4,029
5,491
2,046
32,508
1,491
2,410
4,468
6,348
2,546
35,893
1,694
2,723
98
23,422
21,601
2,715
56,363
4,978
84,194
22,167
1,954
23,056
25,566
33
n.a.
61,972
65,419
7,917
51,972
4,951
113,223
36,295
6,222
24,799
32,678
66,930
197,229
288,036
Monaco
"
Other Eastern Europe "
Albania
Bulgaria
Czechoslovakia 1/
Estonia
Hungary
Latvia
Lithuania
Poland 1/
Rumania 1/
Soviet Zone of Germany
"Other Asia"
Aden and South Arabia
Afghanistan
Bahrain
Burma
Cambodia
Ceylon
Goa
Iran 1/
Iraq
Jordan
Kuwait
Laos
Lebanon
Malaysia
Nepal
Pakistan
Ryukyu Islands (including Okinawa)
Saudi Arabia
Singapore
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
Southern Rhodesia 3_/
Sudan
Tunisia
"Other countries"
New Caledonia.
New Zealand
.
2/
533
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
14, 599
24,871
110
18,742
8,489
1,161
33,033
14,007
65,873
-'
i
,
8
i
1,106
15,850
17,030
28,384
574
906
n.a.
n.a.
n.a.
n.a.
n.a.
2,558
7,906
4,894
10,057
2,111
12,127
7,583
19,043
3,179
19,708
504
1,607
17,045
758
4,068
903
22,275
1,740
6,433
853
936
2,109
22,009
14,084
1,529
33,736
1,583
5,589
395
1,367
2,574
20,011
28,921
638
2,090
45,200
11,061
776
1,063
1,258
540
389
n.a.
1,360
21,864
5,421
326
17,619
5,496
1,550
21,772
419
1,662
6,469
1,990
1,216
n.a.
'
561
21,048
2,510
26,796
571
6,774
2,432
10,881
1,407
3,967
Note:
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; subsequent data are as reported
by banks in all Federal Reserve Districts.
They represent a partial
breakdown of the amounts shown for the corresponding dates for the "Other"
categories in the regular monthly series in the "Treasury Bulletin."
11
23
1,36]
17,811
2,450
840
4,374
2,492
975
2,505
15,726
4,432
508
3,367
2,232
949
1,362
10,475
1,691
11,956
889
5,127
455
1,919
1,872
17,622
26,759
1,054
66
1,608
20,283
4,629
820
3,671r
2,219
1,740
19,706
802
2,195
5,808
6,213
21,119
3,653
403
2,498
1,982
n.a.
1,652
386
356
12,749
6,836
n.a.
67,375
34,165
72,288
69,600
68,128
16,335
31,407
n.a.
5,636
4,122
n.a.
2,682
2,401
n.a.
15,991
35,523
3,234
99,715
25,947
n.a.
19,417
n.a.
283,601
8,940
4,030
39,035
7,633
44,123
1,557
2,621
634
n.a.
1,461
17,887
34,806
913
3
1,583
n.a.
4,378
835
11,000
3,708
1,757
!-'
':
Reported by banks in all Federal Reserve Districts.
Data for Trinidad and Tobago included with British West Indies.
Includes data reported for Malawi (formerly Nyasaland) and Zambia
(formerly Northern Rhodesia),
n.a. Not available.
r
Revised.
1/
2/
3/
March 1966
109
CAPITAL MOVEMENTS,
Section IV - Supplementary Data by Countries
Table 8.- Purchases and Sales of Long-Term Securities by Foreigners During Calendar Year
1964
(In thousands of dollars)
Purchases by foreigners
Domestic securities
Country
Total
U. S.
purchases Government
bonds and
notes
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
17 ,746
81 ,283
11 ,793
5 ,991
191 823
155 ,020
2 ,399
75 701
233 ,405
47 714
19 ,107
33 875
71 242
1,194 ,931
577
1,261 ,924
6 720
57 "30
Total Latin America
Corporate and
other
Bonds
Domestic securities
Total
sales
Stocks
U.
Government
bonds and
notes
Stocks
1
26
202
2,855
250
2,710
775
1,388
128
31
391
902
2,604
5,648
17,342
47
685
18,976
45,559
S.
Total Asia
Africa:
Congo
297,822
201,168
12,-?65
2,313
1
41
166
473
22
462
202
7
1,444
558
38
8,706
49,783
1,577
174
181,837
65,578
2,209
37,588
118,046
7,684
12,446
20,985
5,484
,156,494
11,086
809,503
3,969
33,101
41
602
3,470,148
357,939
303,816
2,105,003
439,026
264,364
3,562,351
385,528
1'",5''7
2,526,893
361,610 178,723
1,978,871
737,935
116,235
527,357
159,192
438,152
2,642,678r
734,901
148,088
492,283
932,923: 334,483
33 ,342
16 ,949
11 ,181
13 033
58
39
821
218
163
296
13,525
3,046
1,231
3,841
836
1,083
1,395
322
360
264
183
240
16,071
10,654
6,432
7,019
5
27
74 ,436
49 167
393
741
1,022
818
35,857
2,874
144
6,662
14,741
2,138
10,022
3,167
1,401
6,052
1,594
939
1,335
1,856
773
4,450
2,235
117
19,636
11,675
7,317
8,162
72
111,580
61,440
6,763
28,187
39,547
25,654
43,252
100 246
3,420
45
203
60
25
3,649
22,995
466,951
4,312
2,444
85,884
4,419
629
107,706
20,891
3,263
6,490
249
111
22,012
7,028
3,555
3,951
13
4,741
24,724
6,085
4,860
24,200
48,873
65
24,515
12,240
17,131
146
10,997
23,137
158,134
149
67.TL3
45 ,262
11 ,553
48 295
102 994
4 575
448,610
940
155
504
283
1,441
5,122
6,4U
110
73
18,121
12,399
8,332
8,549
18
31,112
43,140
6,257
20,092
27,804
7,403
29,531
86,056
2,874
10,021
15,257
301,688
3
31
369
2,020
240
2,517
105
2,716
103
1,138
357
956
2,851
152
16,766
123
64
16,337
38,654
99
3,108
77,158
1,481
92
1,242
3,752
41,595
13
62,550
500
81
10,614
1,089
1
34
89,142
2,742
400
12,402
39,662
128
2,238
2,196
10,209
57,614
12,539
3,935
79,301
715
160
2,253
3,113
123
1,103
423
186
35,013
216,767
17,790
8,112
158
4
54
,271
Total Africa
24,502
,429
Other countries:
Australia
All other
25,130
5,121
30,251
Total international and regional..
Grand total
3
457
9
224
769
7,389
1,930
14,190
International and regional:
International
European regional
Latin American regional...
2
264
723
( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total other countries.
Stocks
Bonds
8
10,375
84,019
15,029
30,301
231,200
110,496
2,406
92,589
164, 697
88,202
17,205
33,425
149,484
,317,516
12,733
,140,490
4,832
55,867
,
1
801
2,757
49
1,788
379
250
1,140
549
25
930
2,628
39,410
379
99
111,377
3,651
3,828
1,898
18
2,144
9,939
6,146
66
660
19,585
31,985
20
211,908
9,065
18
44
20
28,638
338
2,078
5
7,116
23,537
513
12,450
2,006
470
2,505
5
144
78,499
955
158
1,583
2,697
28
123
1,576
10,754
164
50 828
17,616
281,390
15,955
3,079
117,299
1
10
199
791
2,591
1,571
5,919
21
1,202
80
25
,4m
737
193
719
703
1,483
i, 108
11,071
1,471
760
6,206
3,693
1,539
23
52
247
2,165
1,250
22,159
4,367
5,232
247
31
3,415
129,030
6,805
679
438,251
24,314
155,806
323,354
5,424
4,293
232
1,906
2,909
2,654
27
100
24
124
290
6,428
9,079
276
1,538
1,380
19,258
2,901
4,315
784
19
4
784
23
2,913
172,519
6,805
988
15,514
16,930
10,366
180,312
16,502
16,930
10,366
135,835
6,349,461
1,149,400
460,663
3,076,181
914,768
6,415
988
175
138
636
36
3,380
13,873
18,360
11,445
2,947
158
50
8,300
742
564
520
247
14
9,872
1,981
725
1,260
1,767
392
2,478
3,099
45
51
1
97,765
16,768
61
663
356
30,981
219
520
874
2,418
1,788
2,752
61
,
25
2,815
1,402
5
30
11,733
1,746
2,867
45,305
122,421
221
19
23,692
274,882
545
777
382
1,604
11,116
5
14
1,341
7
133,675
9
50
609
262
1,050
10,000
4,551
506
10,282
55
49,024
21,149
34,510
4,119
4,679
12,816
71,253
77,453
2,656
17,392
85
49,158
37,012
12,033
99
2,903
12,935
452
195
7,002
222
54,133
1,620
41,283
19
207
149
10,218
29,877
7,383
30,438
147
7,204
98
53
17,310
4,084
1,472
24, 443
712
1,097
22,352
45,936
5,705
22,706
22,894
6,265
26,828
79,000
3,001
1,191
9,770
247
296
236
255
897
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Foreign securities
Corporate and
other
12,826
38,203
2,602
817
145,021
62,767
1,813
44,572
135,096
5,270
18,573
20,840
3,365
942,615
402
632,671
6,139
30,949
8 ,383
29 ,382
American Republics...
Bermuda
Antilles and Surinam.
America
Sales by foreigners
Foreign securities
10,121
1,000
2,500
2,370
5,825
1,218
)
.
.
Treasury Bulletin
110
.CUMULATIVE TABLE OF CONTENTS.
April 1965 through
March
1966
Jan.
Feb.
Reporting bases.
Article:
Treasury financing operations
Summary of Federal fiscal operations.
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
1
1
1
1
1
1
1
1
1
1
11
II
11
10
10
10
11
12
13
11
12
11
14
13
13
15
14
14
15
16
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 1964
:
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
mark et ( 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
Unemployment Trust Fund
National Service Life Insurance Fund
Investment of specified trust accounts in public debt securities,
by issues (latest date December 31, 1965)
10
10
11
11
12
12
10
10
11
1?
13
13
14
11
12
13
14
15
13
15
16
17
16
u
10
10
10
12
14
17
18
19
13
14
15
16
16
17
18
13
11
14
12
15
13
10
n
15
15
IT
12
1'
17
18
19
Consolidated cash transactions:
Summary of Federal Government cash transactions with the public...
Intragovernmental 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
Gold Assets and Liabilities of the Treasury
18
19
16
17
18
2C
19
21
18
19
16
17
22
23
20
26
?1
27
?3
24
17
15
16
20
21
17
18
16
18
19
17
18
22
23
19
20
18
19
21
20
20
19
17
:i
22
Monetary statistics:
Money in circulation.
Debt outstanding:
Summary of Federal securities. . .
Federal securities.
Computed interest charge and rate
Interest-bearing public debt
Maturity distribution and average length of marketable
interest-bearing publ ic debt
Special public debt issues to U. S. Government investment account
Treasury holdings of securities issued by Government agencies.
Interest-bearing securities issued by Federal agencies but not
guaranteed by the U. S. Government
.
Public debt operations:
Maturity schedule of interest-bearing public marketable securities
other than regular weekly Treasury bills
Offerings of Treasury bills
New money financing through regular weekly Treasury bills
Offerings of public marketable securities other than regular
weekly Treasury bills
Securities issued in advance refunding operations
Allotments by investor classes on subscriptions for public
marketable securities other than regular weekly Treasury bills.
Disposition of matured public marketable securities other than
regular weekly Treasury bills
Foreign series securities ( nonmarketable) issued to official
institutions of foreign countries
Foreign currency series securities (nonmarketable) issued to
official institutions of foreign countries
.
25
25
26
22
22
23
21
21
22
26
27
24
25
21
22
23
27
28
24
25
22
23
24
23
29
26
24
27
25
28
30
31
33
35
28
30
32
27
29
38
28
21
21
22
26
26
27
28
29
30
24
25
26
22
23
24
27
28
29
23
25
25
30
26
26
,.
Statutory debt limitation
20
20
21
23
23
24
21
22
23
24
22
22
23
25
32
34
36
29
31
33
35
17
33
31
36
32
26
28
30
34
38
40
45
36
41
34
39
39
44
35
40
33
38
35
40
34
39
43
39
44
41
48
44
42
47
43
41
46
43
42
45
27
29
31
27
29
32
34
31
44
51
47
45
50
46
44
49
46
51
58
54
52
57
53
51
56
53
52
61
58
57
55
62
59
(Continued on following page)
62
58
56
57
March 1966
111
.CUMULATIVE TABLE OF COTITENTS.
April 1965 through March 1966
-
(Continued)
Treas.
U.S. Treasury Dept.
HJ
10
.A2
1966
c.2
Treasury Bulletin
@FedFRASER