Full text of Treasury Bulletin : May 1945
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LIBRARY
JUN
9
I
~^
1972
TREASURY DEPARTMENT
UNITED STATES
TREASURY DEPARTMENT
PENALTY FOR PRIVATE USE TO AVOID
PAYMENT OF POSTAGE, taOO
OFFICE OF THE SECRETARY
WASHINGTON 25.D.
C.
OFFICIAL BUSINESS
PERMIT NO. 1002
FORM A-4/45-2000
FQ&yiCTORY
BUY
UNITED
STATES
yfAR
BONDS
AND
STAMPS
COPY No7i
I
BULLETIN
OF THE
TREASURY DEPARTMENT
MAY
1945
LIBRARY
MAY
1 G 1945
Treasury D^^partmeiit
Room 5013
Analysis of Receipts and Expenditures
Composition of the Public Debt
Prices and Yields of Government Securities
Other Treasury Statistics
UNITED STATES
TREASURY DEPARTMENT
OFnCE OF THE SECRETARY
i
.
.
Treasury Bulletin
Cumulative Table of Contents
IsBoa and pace moabsr
IJltU
IS"*
Itasr
^.
Har.
Tai.
Jan.
Bao.
Hot.
Oct.
8«pt
JtUM
Kaor
Artloles
unrlM bondJ on Jun* I5. I9U5
geographic dlttrlbatlon on Svoemter 3I, 194l-U4.
Maturity of MJuatad
Banlc depoBlte,
i-19
War Loanet
Sereath War Zioan, Hay-Jiuie 19^:
Gomparlaon of faaturei of aonrltlss offered.
A^3
Badaoptlozi Taluai and InTaatmant ylalda of Thlted Statat aarlaca
bonda and Traaeury aacriags notaa
Outllna of plana
JUS
Sixth Var Loan, Vorem'ber-DBcea'ber 19UU^t
Salaa of seeurltlaa, olaaalflad hy laauaa,
and liy Stataa
tff^
typaa of InTaitor.
1-1—
Salas pattama for Loan.
i^2
Oatllne of plana
X-7
,
Conparlaon of features of aaeorltiea offered.
i-9
nfth
War Lean. June-Joly 19UU:
Salaa of aacurltlea, claaalflad
and hy Statea
"by
lamaa,
Ixy
typea of Inreator,
A-1—
i^l5
SecxLXlty purchaaea outalde war loana
"by
coBunarcial
iMuilca
and
V
Treaaoxy
Inreatment acconuta:
Sixth War Loan
f th War Loan
n
A-l€
Invaalon currency
A-7
U8—
ZndlTldual and taxable fldnciary Income tax retnxna for 19^2.
i-lU
Tblted States aarlnge hondai
Maturity of Serlea 1 bonda
M—
A^
Vev proTlelone for redemption throogb banka
Xxclae taxea In ttad Ihlted 8tatea» Canada, and Iblted Kingdom
i-3
Var nnance pollclea (Three apeeehea by the Saoretary of the Traaaory) .
A^-1—
. .
laeeta and llabllltlaa of all aetlre baalca In the Iblted Statea* SaoaBbov
31, 1939 through June 30. I9W*
i^l3
llnanclal operatlone of Iblted States OoTemnieat dnrlsg flacal year
1^^*
Jb-i—
JUS
Corporate net Income, income taxaa, and dlvldenda. 193^3.9^^
^2—
*
*-3
Ap^
Treasury marloat financing
fluinmary
*-7
i-U
A-1
A-lh
A-1
A-g
i>-l6
of fieoal atatlatloe
Budgetary recelpte and e^endlturea
Public debt and guaranteed obUgatlona outatandlag.
Means of financing caah reqolremcnta
Recelpte and expenditurea and approprlatlona
Budgetary reoelpta and expendltureat
Sanoiary by major claaelflcatlona
•
Analyala of receipts from Internal rerenue....;. ......••.
Anelyala of general expenditures
Analysis of expenditures for var actlTltlea
Inalyels of expenditures for (l) revolving funds and (2) tranafara to
trust accounts etc
Total budgetary recelpte and esqpandlturea, by montha, for recent yeara
5
5
7
7
g
9
7
7
g
7
5
5
5
5
5
5
5
i
i
7
I
i
i
7
7
7
i
7
i
7
7
»-9
7
8-9
7
7
7
7
8-9
8-9
7
g-9
7
g-9
8-9
8-9
Trust accounts, etc. recelpta and axpenditurea
10
10
10
10
10
10
10
10
10
12
12
12
Means of financing caah requirementa
11
u
11
u
11
11
11
u
11
13
13
13
Social Security progremi
Budgetary recelpte and expendltureat
Social Security let
Railroad Betlrement let
Ballroad Ibemployment Insurance lot
12
13
13
12
13
12
IS
13
13
12
13
13
lU
13
12
13
13
lU
13
12
13
13
12
13
13
12
13
13
15
15
15
15
lU
15
15
lit
lU
lU
lU
ll»
lU
lU
lU
16
16
16
16
16
16
16
16
16
i;-i6 15-16 15-16 15-15 15-16 15-16 15-16 15-16 15-16
5-6
5-«
5-fi
,
Statement of trust accauntal
7edaral Old-^Age and SurriTors Insurance Trust Ttmd
Ballroad Betlranent Account
Ibemployment Trust Kind
.**.....
Appropriations and net contract suthoritationa for the war aetivltiea program
Caah Income emd outgo of the Treasuryi
Analysis by major claaalf loations
Total caah Income and outgo by months and calendar years baginning
with January 1939
5
13
lU
lU
lU
lU
ll»
lit
lU
lU
lU
ii»
lit
lU
lU
111
ll*
lU
lU
6
7
lU
lU
i
7
7
9
g
9
7
9
9
g-9 10-11 10-11
10-U
9
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
(OontlBoad on following pace)
.
May 1945
11
Cumulative Tabic of Contents - (Continued)
laaua a^d
pM*
nuaber
lOT,
Oct.
19U5
Hajr
J4>r.
Mar.
19Wt
?•)>.
Ju
I)«C.
S«pt
July-
May
UK.
general Funi of the Treasury
19
20
Aiiats. llat>llltl*i, anl lialaiioe In Oeneral rand.
Analytlf of chances In balance of Oonaral TunA.
.
19
20
19
20
Publlo aebt and guaranteed, obligatlone of United States Oovernnent
Public debt and guarantaad obllgatlsnti
Detailed itateoient
Ilical years. ISSS-IS"*
Monthly data
Chart
2T-21* 23-21* 23-21* 23-21* 23-21*
26-25 2U-2I 2>t-2' 2lt-2' 25-26 2J-2lt 2J-21*
ZJ-2lt 23- 2l* 23-21* 23-21*
2l*-2'
2U-2I
21
'Hi
22
22
22
22
27
27
2(
22
22
Ouarsnteed obligations held by Treasury
27
27
27
27
25
25
22
26
26
21
Public debts
Issuance and rstlreaent (receipts and ezpendlturee)
Interest-bearloc debt, coBpositlon of
22
2U
22
29
26
26
26
26
21*
Debt position of Cnltsd States OoTersaeat under llaltatlons iapesed by
Section 21 of the Seoond liberty lond let. ae aaendedi
28
June 30 19Wt
September JO 19UU
Decenber 31 19W)
March 31 , 19l»5
,
28
,
28
,
28
Oo^>uted Interest charge and oo^uted interest rate
27
27
27
Maturity schsdule of latereet-bearing puhllo aarkatable seonrltles Issuad
or guaranteed by the United States
2^31
Offerlnge of aarlntabla issuas of Treaeniy bonds, aotes. and osrtifloatas
of Indebtedneee
32
31
31
Disposition of aatured marketable issues of Treasury bonds, notes, and
certif icatee of indebtedness
33
32
32
27
27
27
27
27
27
29
28-30 28-30 29-31 28-30 28- JO 29-31 28-30 28-30 30-32 27-29 27-29
31
33
31
32
31
31
33
32
32
33
32
32
3U
}.
30
3't-35 33-3"* 33-3U 3U-35 33-3U 33-3^1 3'*-35 33-3U 33-3'* 35-36 31-32 31-32
Offerings and aaturltlea of Treasuiy bills
United States sarings bondsi
Suanary of sales and redsaptioas, by serlee
Salee by series, classified by deDOmlaatione
Sales to Inrestors other than coHerolal baaka by series, elaselfied
by States
Redemptions of Serlee A-D and 1 by States
Payroll sarings plans
Trsasuiy notss - tax and sarings seriesi
SuiBaiy of sales and redemptleae, \j series.
Salss, classified byi
Denomination
Type of purchaeer
36-37
3W6
3«
37
35-36 36-37 35-36 35-36 36-37 35-36 35-36 37-38 35-3U 33-3U
38
35
3«
37
37
39
35
37
37
37
39-Uo 38-39 38-39 39-UO 38-39 38-39 uo-U) 36-37 36-37
39-I10
Ul
Ul
U2
Ul
Ul
U2
UO
UO
Ul
UO
UO
US
38
38
U2-U3 UlJ«2 Ul-US U2-U3 UO-Ul UO-Ul U1-U2 UO-Ul i*o-ui U2-U3 38-39 39-UO
UU
UU
UO
UO
Ul
Ul
U5
Ul
Ul
Us
Us
SuHiary distribution, by holders
U7
1*3
UU
Istlmated ownership by rarlous classes of bank and aon-bank laTestore.
U8
UU
'*5
Market transactions In Oorenaeat seonrltles for Trsasuiy iarsstaent
accounts, aonthly bsginalng January 1937
U8
UU
U5
UU
1*'
1"
U3
UU
UU
U2
Us
U2
U2
U3
U3
U2
Us
U2
U2
UU
UU
UU
UU
1*5
U5
^'
^'
t3
UU
UU
^'
'3
U3
1*1*
United States sarings stsapsl
Svanaazy of sales and redsnptions
Salee, classified by denomiiatloa
U5
5
'»3
!•'
Ownership of United Itatei OoTsmment seBuritle*
Trsasury Surrey of Ovnershlp of United States Ooremaant seourltles (Federal
land bank bonds Includsd ooaaenoing January 31, 19'>?)i
Ovnershlp by benke and insuranee ee af aa l esi
March 31 19UI*
iprll 30, 191*1*
May 31. IS*
June 30, 191*1*
July 31, 191*1*
August 31, 191*1*
Septeaber 3O. 19UU1
•
Rerisions
Original data
October 31 191*1*
<
lorember 30, 191*1*
December 3I, 19W*
January 3I. 19U5
februaiy 2«, 191*5
U6.;i
,
U^Jlf
U9-52
U7-50
U7-50
U«-5l
53
U7-50
U7-50
,
Ownership by
oommerclel
December
June 30,
Decsaber
U9-52
U8-5I
U8-52
U9-53
rarious classes of federal Beserre asBber and nonasaber
banks:
19U3
31
I9IA
58-63
.
Jl,
51-5U
52-55
191*'*
(Csntlauad on following page)
Ill
Cumulative Table of Contents - (Continued)
Treasury Bulletin
May 1945
A-l
Maturity of Adjusted Service Bonds on June 15
On April IS, IS^i Secretary of the Treasury
Morgenthau reminded veterans ot the First World
War that 3^ Adjusted Service Bonds of 19^5 will
mature on June 15, ^9^, when the face amount of
the bonds and Interest for the full nine-year
period since they were Issued will be payable.
The amount due on each bond Is $63.50, which Includes I50 principal and $13.50 Interest.
No
further Interest will accrue after June 15.
The
bonds were originally Issued as of June I5, I936
In payment of amounts due on Adjusted Service
Certificates.
The bonds may be presented at any post ofAfter proper Identifice In the United States.
fication, the request for payment on the baolc of
each bond must be executed, that Is, signed by
the registered owner In the presence of the poetmaster who will certify the signature. The poetmaster will Issue a receipt for the bonds, and
will forward them to the appropriate Federal Reserve Bank for payment, without charge to the
The bonds may also be presented by
veteran.
owners direct to any Federal Reserve Bank or
Branch, or to the Treasurer of the United Statea,
after the requests for payment
Washington, D. C.
on the backs of the bonds have been properly exePayment will be made, In each Instance,
cuted.
by check drawn to the order of the registered
owner and mailed to his address.
,
Many veterans owning Adjusted Service Bonds
have expressed the wish to continue their Invest-
ment In United States securities and have requested the right to exchange their bonds for
other Interest-bearing securities.
While direct
exchangee are not possible, the Secretary pointed
out the availability of War Savings Bonds, Series
K, which are on sale at post offices and commercial banks generally, and at many other eigenoles.
In addition to these bonds. United States Savings
Bonds of Series F and G are on continuous sale.
During the period of the Seventh War Loan Drive,
three series of marketable Treasury bonds will
also be available for purchase, In the denominations of J500 and upward.
Infonnatlon concerning
any of these securities may be obtained from any
commercial bank.
Because of the considerable number of AdJusted Service Bonds outstanding, the Secretary
urged veterans to forward their bonds well In
advance of June I5, but not before May I5.
This
will Insure prompt payment when due by reducing
congestion In handling the bonds. Any bonds received on or after May 15 will be assiimed to be
presented for redemption on June I5, unless specific Instructions for earlier redemption are
given by the owner.
The veterans originally received bonds totaling $l,gl4-7 millions.
Of these almost $217
millions remain outstanding,
on which accrued
Interest to June 15 will amount to about $59 millions.
Accordingly, the value of the outstanding
bonds at their maturity Is $275 millions.
Securities Offered In the Seventh War Loan,
May-June 1945
Secretary Morgenthau announced
3,
maturity dates of the marketable
securities to be offered In the Seventh War Loan.
The general characteristics of the four nonmarketable and four marketable securities, Including
the coupon rates on the marketable Issues, had
The four nonmarketbeen announced previously.
able securities consist of Series E, F, and
The
savings bonds and Series C savings notes.
four marketable Issues comprise 1-year, 7/8^ osr1-1/2^ Treasury bonds;
5-1/2-year,
tlfloates;
2-1/4^ Treasury bonds due June 15, I962, callable
BMd 2-1/2^ Treasury bonds due
June 15, 1959;
June 15, 1972, callable June I5, 1967.
On April
the specific
The three Issues of savings bonds and the
Series C savings notes will be dated the first of
the month In which purchased, as explained In
Table 1 which presents a comparison of the chief
characteristics of the eight securities to be
All sales
offered during the Seventh War Loan.
of these nonmarketable securities ( except sales to
commercial banks) wnioh are processed by the Federal Reserve Banks or the Treasury between April
July 7 Inclusive will be credited to the
Seventh War Loan, In order to permit an extended
payroll savings campaign to be carried on as part
of the drive.
9 and
The marketable Issues will be dated June 1.
Subscriptions will be received from Individuals
from May ll*- through June 30, and from other eligible Investors from June 18 through June 30.
Accrued Interest from June 1 will be charged on
all subscriptions entered and paid for after that
date except subscriptions amounting to #1,000 or
less for the 1-1/2^, 2-lA%, and 2-1/2^ Treasury
bonds.
Larger subscriptions from all nonbank
Investors other than Individuals must Include
accrued Interest to June IS or euch later date as
payment Is received.
The Treasury Is requesting
that there be no trading In the new marketable
securities until after June 30.
Table 2 shows the redemption values and Investment yields of each of the four nonmarketable
securities from date of original Issuance to date
of final maturity.
2
A-
Securities Offered In the Seventh War Loan, May-June 1045
Table
Featur*
1.
-
Comparison of Various Features of Securities Offered
Treasury Bulletin
May 1945
A-3
Securities Offered In the Seventh War Loan, May-June 1045
Table
Feature
1.
-
-
Comparison of Various Features of Securities Offered
(Continued)
-
(Continued)
.
A-U
Treasury Bulletin
Securities Offered In the Seventh War Loan, May-June 1945
-
(Continued!
Table 2.- Redemption Values and Investment Yields of
United States Savings Bonds and Treasury Savings Notes
PART A - UNITED STATES SAVINQS BONDS
Approximate Investment yield
on purchase price from Issue
date to beginning of eaoh
half-year period
Redemption values
of 1100 bond
Period after
leeue date
Series E
Series F
Series
(leeue
(Issue
(Issue
prloe-175) prloe-$74) prloe-$100)
Series E
Series T
Series
Approximate Investment yield
on current redemption value
from beginning of eaoh halfyear period to maturity
Series E
(Percent)
Less than 1/2 year.
1/2 to 1 year
1 to 1-1/2 years. .
1-1/2 to 2 years.
.
J75.00
75.00
75.50
75.00
Not redeemable
$7't.00
$98.80
7t.20
97. so
74.50
96.90
Series T
Series Q
(Percent)
0.00
0.00
0.00
0.10
.67
.S8
•P
.1^5
:^
.61
.75
.89
.61
.75
.88
2.90 1/
3.05
3.15
3.25
2.64
2.73
2.82
2.91
2.99
3-07
3-15
2.94
3.04
1/
2.50 1/
2.62
2.73
2.84
2 to 2-1/2
2-1/2 to 3
3 to 3-1/2
3-1/2 to k
years.
years. ..
years..
years..
76.50
77.00
78.00
79.00
71*.
90
75.40
76.00
76.70
96.20
.9?
95. bO
1.06
95.10
94.80
1.3
:l\
1.03
1.04
3.38
3.52
3.58
3.66
4 to It- 1/2
4-1/2 to 5
5 to 5-1/2
5-1/2 to 6
years...
years.
yeare.
years..
80.00
81.00
82.00
83.00
77.60
78.60
79.70
911.70
911.70
911.90
1.19
so. 90
95-20
1.62
1-72
1:79
1.85
1.49
1.63
1.20
1-35
1.51
1.66
3.75
3.87
4.01
4.18
3.20
3.24
3-27
3-29
,26
,30
.32
.33
6 to 6-1/2
6-1/2 to 7
7 to 7-1/2
7-1/2 to 8
years.
years.
years..
years. .,
84.00
86.00
88.00
90.00
82.20
83.50
84.80
86.10
95.50
95.80
96.10
1.76
1.87
1.96
2.03
1-79
1.S9
1.98
2.05
4.41
96.1*0
1.90
2.12
2.30
2.45
3-29
3.31
3.32
3.35
.35
.37
8 to 8-1/2 yeare.
S-l/2 to 9 yeare. ..
9 to 9-1/2 years. ..
9-1/2 to 10 years..
92.00
94.00
96.00
98.00
87.40
96.70
97.00
97-30
97-60
2.57
2.57
2.76
2.S4
2.09
2.12
2.18
2.23
2.27
4.21
4.17
4.12
4.08
97.90
98.20
98.60
99.20
100.00
2.90
2.29
2.34
2.40
2.46
2.53
.
.
.
.
.
.
10 to 10-1/2
10-1/2 to 11
11 to 11-1/2
11-1/2 to 12
12 years
years.
years,
years.
yeare.
100.00
as. 70
90.00
91. iw
92.90
9^50
96.20
9S.00
100.00
1.3ll
:S2
2!
2.19
2.
2.24
y,6
4.31
4.26
3.40
3.46
3.511
13
,20
3-
U
:ll
50
3-63
3.51
3.72
3. SI
3.60
3.75
3.91
4.08
2.31
2-35
l:^
13
May 1945
A-5
Geographic Distribution of Bank Deposits
Summary
In keeping with the praotloe of recent yeare,
the Treasury Department has prepared a compilation of the distribution of bank deposits aa of
December 31, 13>*^. by States and counties, In order to help State War Finance Chairmen In setting
This compilalocal quotas for war bond drives.
tion has been made from data supplied by (l) the
Comptroller of the Currency for all national
banks and banks In the District of Columbia,
Federal Reserve
(2) the Board of Qovernors of the
the Federal Reserve Banks for all memSystem and
ber banks, and (3) ^s Federal Deposit Insurance
Corporation for all nonmember Insured banks. Th«
Federal Deposit Insurance Corporation also obtained data on the deposits of nonlnsured banks
from the appropriate State supervisory authoriAll banks In the Continental United States,
ties.
Including commercial, stock savings, and mutual
savings banks are Included.
The data were compiled to show bank deposits
They cover the time and demand deby counties.
posits of "Individuals, partnerships, and corporations" combined, as used in the call reports of
bank supervisory agencies; they exclude the deposits of Federal, State, and local governments.
Interbank deposits, and certain minor classes of
The total for all deposits of Indideposits.
and corporations as of
partnerships,
viduals,
For purDecember 31, 19^^, was $102 billions.
of this article, the county figures have
poses
summarize the distribution of
been combined to
deposit figures among the different States,
the
and between twenty-five large metropolitan areas
and the remainder of the country.
In order to retain comparability, the aetropolltan areas are the same as those used in a
similar report of bank deposits as of December 31,
The areas selected at that time were the
194^3.
twenty-five having the largest volume of deposits
corporations.
of Individuals, partnerships, and
of
(Bee article entitled "aeographlo Distribution
In "Treasury Bulletin", June 1944.)
Bank Deposits"
are
These areas and their component counties
In Table 1 (Part D) at the end of this
listed
article and in Map 8.
National Figures
summaThe first section of the table below
indithe amount of total bank deposits of
rizes
and corporations In the
viduals, partnerships,
metropolitan areas. In the remainder of the counStates as of
try, and the total for the United
19"+! through 19"^; the second sec-
December 31,
between
tion gives the percentage distribution
and
the metropolitan areas and the other areas;
annual
the third section of the table shows the
percentage changes In deposits.
The table shows that deposits In the metrorate
politan areae Increased at a much slower
As a result, the perthan in the other areas.
centage of total deposits In these metropolitan
19''-1.
areae declined from 66. 71^ on December 31,
The materially
to 59.7^ on December 31, 19'*^+.
areas
greater percentage Increase In the other
shifts
may be accounted for by the geographical
In production resulting from
Improved financial position
population.
the war and by the
of the agricultural
Total
United
States
25
metropolitan
areae
Amounts (in millions of dollars)
Annual percentage
Other
areas
6
A-
Treasury Bulletin
PERCENTAGE CHANGE IN TOTAL DEPOSITS
OF INDIVIDUALS. PARTNERSHIPS. AND CORPORATIONS.
DEC. 31. 1941 TO DEC. 31, 1944
Map
Map 2
-
I
- States
25
Metropolitan Areas and States
Excluding these Areas
LEGEND
f~l Under 60%
ED 60%
^
100%
140%
to
to
99%
139%
or over
Note: Northeasttrn Stetion »«la/y»d on
Map B tacousa
of Ih* conanlration of Molropolilon Anas.
7
May 1945
,
A-
The email Increase for demand deposits In
reflects to a large extent the timing of the
three war loan drives held that year.
Demand
deposits tend to be built up prior to war loan
drives and are brouc-ht down sharply during the
drives.
Thus the feat that the Fourth War Loan
started shortly after December 31, l^^'},
and the
Sixth War Loan ended on December Jl, IS**-*)-,
was
largely responsible for the relatively small increase In demand deposits shown In the table for
19*+^
19IW.
Table 1,
which appears at the end of this
article,
presents total deposits, and demand and
time deposits of Individuals, partnerships, and
corporations for each of the twenty-five metropolitan areas as of December 31. 19^1-19^4-. The
table sulso shows the absolute and percentage
Increases for each year and for the total threeyear period.
Part A of Table 1 provides data on
total deposits;
Part B, data on demand deposits;
and Part C, data on time deposits.
Table 2, Parts A, B, and C give similar Information for each of the States and for each
State divided between metropolitan areas and
other areas.
State Growth In Deposits
Total depoaits. All States have experienced
some percentage increase in total bank deposits,
of Individuals, partdemand and time combined,
There has been, hownerships, and corporations.
In growth among
ever,
a substantial difference
the various States.
The percentage Increase In
deposits from December '}!, 19''-1, to December 31,
19"^, varied from a low of 2S<i In New York and
New Hampshire to a high of 175^ in Idaho. State
Increases on a percentage basis are presented in
The map has been arranged to separate the
Map 1
country Into three regional areas with States
having roughly similar percentage growth in deposits.
The smadl detached portion of the map
covering New York,
Maryland, and
Pennsylvania,
all the northeastern States shows the States with
the smallest percentage growth in deposits over
This
the period,
In each case less than 60^.
region will hereafter be referred to as the
Northeastern region.
.
the Northeastern
To the west and south of
region is a group of States which have had percentage increases In deposits ninnlng from 60^ to
This region, which will be called the Cen99^,
tral section of the country, includes most of the
middle western States, but extends to the Atlantic coast by including Virginia.
which in this
The remainder of the country,
article will be called the Western and Southern
section, is the section in which the highest perEach
centage Increases In deposits occurred.
State In this region, with two exceptions, showed
deposit Increases of 100 percent or more over the
The two exceptions, Wyoming
three-year period.
and Colorado, showed increases of almost 100^ (97
and 99^, respectively)
Map 3 - NATIONAL INCREASE IN TOTAL DEPOSITS
DEC. 31. 1941 TO DEC. 31. 1944
DIVIDED INTO THREE SECTIONS OF THE COUNTRY
Treasury Bulletin
A-S
PERCENTAGE CHANGE
IN DEMAND AND TIME DEPOSITS
OF INDIVIDUALS. PARTNERSHIPS, AND CORPORATIONS,
DEC. 31, 1941 TO DEC. 31, 1944
Map 4- Demand
^LEGEND
WHunder 50%
MsO%fo 74%
75% to 99%
100% or over
1
1
Deposits
May 1945
A-9
It iB clear from this map that the smallest
percentage Increases In deposits occurred in the
more highly Industrialized east with the middle
west running second.
On the other hand, the
largest percentage Increases occurred In areas
which were previously less well developed IndusThese sharp differences may be attribtrially.
uted to such factors as (l) the new Industrial
development brought about by the war In areas
formerly predominantly rural,
(2) the establishment of military camps In southern and western
communities, and (3) the significantly Increased
Income of farmers.
Similar tendencies are brought out In Map 2,
which shows separately the percentage change In
total deposits over the three-year period In 25
large metropolitan areas and In the States exelualve of the metropolitan areas. Only 3 of the 25
metropolitan areas showed a percentage Increase
Two of these are
In deposits of 100^ or more.
located on the west coast (Seattle and Los AngeAll the metroles), and the thli^i Is Detroit.
politan areas In the Northeastern section, except
Washington, D. C., and 3 In the Central region
had Increases of less than 6of&;
the remaining
metropolitan areas had Increases between 6o^ amd
The name and location of each of the 25
39%.
metropolitan areas are presented in Map 8 at the
end of the text of this article.
As the Map shows, all except 5 ot the metropolitan areas are located in the Central and
Northeastern sections. The effect of separating
the metropolitan areas from the States In these
sections resulted In changing k- States to a
higher percentage class.
Missouri and Illinois
climbed Into the over 100^ group and New Jersey
and Maryland rose from the lowest Into the 6o% to
SS^ group.
in the Western and Southern section 2 States,
changed Into higher
California and Washington,
percentage groups when the metropolitan areas
wei^ segregated,
whereas Texas and Kansas remained In the same percentage classes. More detailed Information on total bank deposits in the
metropolitan areas and the States is given in
Part A of Tables 1 and 2.
Map 3 presents data on the dollar value of
the Increase
in total deposits over the threeyear period, December 31, 19'*-1 to December 31,
igW-, divided between the three geographical sections of the country referred to above. Each
section accounted for about one-third of the InThus although the
crease in total deposits.
States In the Western and Southern section had
the highest percentage increases In deposits,
they accounted for only a little over one-third
of the National increase in deposits over the
three-year 'period (n't-. 3 billions out of $38.'^
This reflects the fact that deposits
billions)
were customarily lees heavily concentrated in
these States than in States in the Central and
Northeastern sections.
States in the NorthOn the other hand,
eastern section of the country had In all cases
shown percentage increases of less than 6o^, but
nevertheless accounted for $12.5 billions or
32.5^ of the National increase in deposits. This
the large concentration of
is obviously
due to
deposits before the war in these States, principally the huge corporate deposits in New York.
Demand and time
Demand and time deposits.
shown
significantly
deposits
have
different
growth patterns In the various States. The percentage changes of these two types of deposits
from December 31, ig**-! to December 31, 13'^ are
given by States in Maps k and 5.
As presented in Map ^ the percentage chsmges
in demand deposits show a sectional distribution
similar to that of total deposits although at a
somewhat higher level. Thus the highest percentage Increases again occurred in the Western and
Southern section. All States in this section except Colorado had increases in demand deposits of
125"!^ or more.
In I3 of the States there were increases of 150^^ or more.
the Northeastern section
In
The States
showed the lowest relative growth over the peAll States In this section except Maine
riod.
The Central
had Increases of less than 100^.
section, as was the case in total deposits, was
between the other two sections in percentage inSeven States In the Central section had
creases
Increases in demand deposits between 100% and
12't-%, and k- States had inoreases under 100%.
.
Washington, Oregon, Arizona, and Florida, of
the States which showed large increases in demand
deposits, were the only ones which also Increased
Of the
in time deposits by lOO'i or more (Map 5).
other States with Increases of 125% or more in
6 showed Increases of less than
demand deposits,
50% in time deposits aind 15 showed increases
between 50% and 99% from December 31, 19'*-1, to
December 31,
19''^.
For the calendar year 19'+^ alone, however,
the situation was completely different as is
at the end of
shown in Table 2, Parts B and C,
The growth In demand deposits was
this article.
relatively low all over the counti^ with only
Time
9 States showing Increases of 25% or more.
deposits, on the other hand, increased by 25% or
more in 33. or more than two-thirds of the States,
from December 31, 13^3, to December 3I, 19'*-'*-. A
rise of 30% or more occurred in I5 States loin the Western and
cated,
for the most part,
Southern section of the country.
Parts B and C, more deIn Tables 1 and 2,
tailed data on time and demand deposits are presented.
.
Amounts of Bank Deposits In States
and Metropolitan Areas
Distribution of
the absolute amount of bank
Treasury Bulletin
A- 10
AMOUNT OF TOTAL DEPOSITS OF
INDIVIDUALS.
DEC. 31, 1944
PARTNERSHIPS, AND CORPORATIONS AS OF
Map 6 -
States
Map 7-25
Metropolitan Areas and States
Excluding these Areas
LEGEND
S250 Millions
E^ $ 250 to 499 Millions
^^ $ 500 to 999 Millions
I
I
Under
If 1.000 to 1,999 Millions
f 2.000 to 3.999 Millions
\$ 4.000 Millions or over
\
Note:
Northtattm SKtion tnlorged on Mop 7
bocoiist of
lti»
concenlrafion of Mttropolitm Anas.
May 1945
deposits of Individuals, partnerships, and corporations among the States as of December 3I1 19''-'*Total deposits In the 25 metIs shown In Map 6.
ropolitan areas and the States excluding the metropolitan areas are given In Map 7.
As Is well known, deposits are hl^ly concentrated In banks In large cities, due to the
tendency of large corporations to place their
deposits In cities like New York, Chicago, PhilaThis is
delphia, etc.
clearly shown In Map 7.
which gives the amounts In the metropolitan areas
and In the States excluding the metropolitan
A-ll
areas. Of the 20 States In which the 25 metropolitan areas are located, only 6 do not move to
a lower bank deposit class with the exclusion of
those areas.
In the remainder of the country the
relatively small portion of remaining deposits le
distributed widely.
Additional Information Is given In Parts A,
and C of Tables 1 and 2 on total, demand, and
time deposits by metropolitan areas and by States.
The location of the twenty-five metropolitan
areas Is presented in Map S smd In Part D of
Table 1.
B,
.***•
(>««>'
v^oi*"
Treasury Bulletin
A- 12
Bank Deposits of Individuals, Partnerships, and Corporations,
December 31, 1941 - 1944
Table 1.- Deposits In Twenty-five Metropolitan Areas^
Part A - Total DeDOslts
Total depoalta
Inorease in total depoalta
Amount
Metropolitan area
Deo. 31, Deo.
igin
31,
1942
Deo. 31, Deo. 31,
0. 31
1943
I9W
1942
1943
Peroentage Inoreaae
Total
Deo. 31,
1941
Calendar yeara
1944
to
°-
(In Dilllona of dollara)
New York
Chloago
Boston
Philadelphia
Loa Angelee
San FranolBoo
Detroit
Pittsburgh
Cleveland
St, Loula
BaltlBore
Buffalo
Minneapolls-Bt. Paul.
Hartford
Washington
Olnoinnatl
Provldenoe. .....••...
Seattle
Milwaukee
Rooheater
Houston
New HaTen
Bridgeport
Eansas City
Woroester
Total
19,616
3,370
2,943
2,320
1,59*
1,7'W
1,079
1,417
950
794
667
646
481
S9I
'53
507
]U
371
275
358
361
'*2,373
20,408
3,9t9
(In Billiona of dollara)
792
57?
236
219
'^75
?^4^^'
Oalendar yeara
1942
191^3
1944
Deo.
31,
19*1
to
"•?94^
May 1945
A-13
Bank Deposits of Individuals, Partnerships, and Corporations,
December 31, 1941 - 1944 - (Continued)
Table 1.- Deposits in Twenty-five Metropolitan Areas
J-^-
(Continued)
Part C - Time Deposits
Time deposits
Inorease In time deposits
feroentags Increase
Metropolitan area
Deo
31. Deo.
19^
31,
19112
Deo
31. Deo.
i9i;3
19IW
(In mllllona of dollars)
_
Clnoinnati
Providence
Seattle
Milwaukee
Rochester
Houston
New Haven
Bridgeport
Kansas City
Worcester
Total
6,581
796
1,703
6,558
802
1,733
9i«o
696
8S9
761
l,00lt-
1,066
236
*D3
179
320
150
153
320
116
259
7,370
966
1,885
1,001
961*
19'*3
24
812
164
153
112
203
6
30
51
65
l^l
242
339
4l5
190
489
230
291*
158
1%
413
208
151^
169
363
233
153
276
205
419
303
190
304
-5
8
32
333
182
12s
25li-
igiUt
31,
to
19te
19'^3
19W
2,098
458
-0.4
0.8
12.
17.8
398
1.8
(In millions of dollars)
8,67?
1,254
2,101
1,163
1,273
1.50s
805
514
i,2in
598
452
517
282
33'^
Deo.
62
175
151
6
i!
651
35s
22
458
581
14
6
12
11
14
.
11+
1,309
288
216
162
309
267
207
62
81
40
13^
5^
65
92
54
44
lo^
8
35
16
1
15
12
29
30
51
9
28
22
in
50
64
•
280
299
322'
10
323
359
5
16,502
16,766
22,870
266
2,387
577
504
413
28
237
122
133
178
115
252
53
7
i'+.3
16.4
33.6
isie
16.3
6.2
I-.
2
3.1
93
58
n
^^
52
56
70
37
28
99
150
^
0.5
3.8
19.0
7.8
-1.9
14
42
23
85
0.1
4.1
5.1*
69
f
3,716
1+
20.5
8.8
12.6
26.6
-9.7
5-?
2.6
31*
II
28
19, 15**
76
223
14
77
344
100
290
247
266
60
g95
in
237
Calendar years
19^1
19te
Nev York
Chicago
Boston
Philadelphia
Los Angeles
San Franoleoo
Detroit
Pittsburgh
Cleveland
St. Louis
Baltimore
Buffalo
Mlnneapolle-St. Paul.
Hartford
Washington. . .'
Total
Calendar years
'
13.1
1.6
6,368
1.6
15.9
17.8
21.^
10.4
9.9
10.0
9.1
28.1
22.4
8.5
19.9
13.1
12.4
26.7
9.6
14.2
Deo.
31,
igiu
to
Treasury Bulletin
A-lM-
Bank Deposits of Individuals, Partnerships, and Corporations,
December 31, 1941 - 1944 - (Continued)
Table 2.- Deposits by States and Metropolitan Areas
Part A - Total Deposits
State and metropolitan area
i/
,
May 1945
A-15
Bank Deposits of Individuals, Partnerships, and CJorpora 1 1 one
December 31, 1941 - 1944 - (Continued)
Table 2.- Deposits by States and Metropolitan Areas ^- (Continued)
Part A - Total Deposits - (Continued)
Total deposits
Increase In total deposits
Amount
state and metropolitan area
31,
191*1
Dec. 31,
Deo. 31,
191*3
Dec. 31, Deo.
Percentage Increase
Total
Calendar years
19IW
Deo.
31,
191*3
191*1*
to
Deo. 31,
191*4
(In millions of dollars)
(In millions of dollars)
Montana
Nebraska
Nevada
New Hampshire
New Jersey:
New York City 2/
Philadelphia 2/
Other
T
Total
New Mexico
203
246
587
80
332
306
688
96
366
2,708
217
56
155
II
286
300
1,764
135
262
2,l6l
,967
158
298
2,369
186
371
449
2,423
2,926
3,371*
35
262
60
94
123
156
35
646
17,852
371
1,815
20,684
18,441
4o0
2.009
21,567
880
21,166
2,327
24,849
1,012
22,393
516
2,650
26,572
446
106
612
163
755
226
961
284
167
58
100
New York:
Buffalo
New York City 2/
Rochester
7
Other
Total
North Carolina
North Dakota
Ohio:
Cincinnati 2/
Cleveland
Other
Total
Oklahoma
Oregon
Pennsylvania:
Philadelphia 2/
Pittsburgh
Other
Total
Rhode Island:
Providence
Other
Total
South Carolina
South Dakota
Tennessee
Texas:
Houston
Other
Total
1*75
512
597
1,71*5
1.400
2,210
648
1,596
2,630
3,37s
'*,207
i*,873
359
379
til
603
741
930
114
185
2,185
1,417
1.678
5,280
2,381
1,511
1.870
5,761
2,719
1,770
2,160
6,650
2,963
1,929
2,548
196
93
192
7,1*1*0
TaT
507
22
576
631
19
29
529
595
661
713
33
746
172
245
144
668
306
189
843
226
1,035
524
2,6o4
95
511
349
472
1,591
1,91*0
2,095
2,567
Vemont
151
173
224
184
286
208
Virginia:
Washington 2/
Other
Total
20
616
28
766
794
Washington:
Seattle
Other
Total
194
884
1,121
412
950
1,409
2.771
275
1.124
1,399
Utah
71
589
69
-3
66
392
3,127
151
d)
"5^
340
235
73
12
31*
41
891
8
150
925
1,061
1,102
640
692
742
862
1,018
1,332
1,604
529
637
365
320
685
77"*
336
607
157
158
176
I3T
44
West Virginia
298
342
424
Wisconsin:
Milwaukee
Other
Total
344
630
442
776
1.218
564
971
1,212
1.535
1.830
20
Wyoming
Totals:
25 metropolitan areas.
Other
Orand total
971*
619
1^
66
85
105
130
1*2,373
"
47.161
27,029
55, 65"*
21 ',140
33,926
60,902
41.031
4,789
5,890
63.513
71*.
191
89,579
101.933
10.678
1^3
149
13
33
Deo. 31,
191*1
191*1
191*2
146
Calendar years
to
191*2
191*3
191*4
Deo. 31,
191*1*
8
S
5
8
Treasury Bulletin
A-l6
Bank Deposits of Individuals, Partnerships, and Corporations,
December 31, 1941 - 1944 - (Continued)
Table 2»- Deposits by States and Metropolitan Areas ^- (Continued)
Part B - Demand Deposits
Deaand deposits
Inorease In demand deposits
Amount
state and metropolitan area
Deo. Jl, Deo.
19W
Jl, Deo.
191*2
31,
191*3
Percentage inorease
Total
Calendar years
Dec.
Deo.
I914
31.
Calendar years
Deo. 31,
1941
191*1
191*2
to
Deo. 31,
191*4
191*3
191*2
191*3
to
Deo. 31,
191*4
1941*
19'*'*
(In millions of dollars)
(In millions of dollars)
Alabama
Arizona
Arlcansae
California:
Los Angeles
San F'ranolsoo
Other
Total
Colorado
Conneotiout:
Bridgeport
Hartford
llew HaTen
Other
Total
Delaware
District of Columbia:
Washington 2/
Florida
Oeorgla
Idaho
Illlnolsi
Chloago 2/
St. Louis 2/
Other
7
Total
244
372
109
255
485
139
312
2,053
1,308
1,047
750
3.105
1,786
1,362
1,101
4,249
1.327
4,925
236
3'*5
452
499
109
251
120
134
167
377
189
176
343
191
62
162
898
419
295
1,051
479
315
351
1,144
109
107
52.5
77.0
57.6
30.5
27.7
22.6
19.4
25.?
30.4
367
S3
1.255
^:7^
20.5
6.1
20.5
676
90s
2.872
45.6
42.2
79.1
51.2
36.6
226
36.9
15.9
96.3
216,7
139.9
47
263
46.2
31.1
10.4
111,4
-34
67
92
24.1
28.0
24.1
22.0
-9.0
1.1
256
22,9
17.4
26.4
39.8
22.1
5.'^
82
4l0
310
331
335
^}^
245
25.8
-2.4
61.5
36.7
59.2
78.8
49.8
11.2
19.7
36
32
709
37
59
770
113
10
161
-19
185
205
246
270
21
40
24
85
316
296
325
68
4o4
612
652
166
88
132
176
50
52
427
501
lis
526
78S
781
213
185
79
176
210
492
'^
129
47
1T5
2, 51^3
3,106
3,7'*6
641
153
12
217
380
6884
88
1,016
4,851
1,048
584
857
Iowa
4l4
Kansas;
Kansas City 2/
Other
T
549
42
3.899
100
1.233
5,231
60
^6^
32
13_
214
793
10
17
_25i.
912
9
7
1
1
262
1,105
1,202
1.269
273
237
247
599
782
907
185
184
17
269
441
42
601
US
749
287
472
643
797
17
330
21
463
29
612
74o
3'*7
483
637
769
5
342
3
2,0S4
12.9
43.2
9.8
15.
"V
28.8
19.8
28.3
54.2
74.3
^
22.1
29.3
38.9
25.2
20.6
24.6
33.2
23.1
4.1
13.6
21.4
31.5
32.0
17.6
-i0.2
7.8
125
493
44.6
30.7
16.0
119.1
1'^.3
182,4
178.4
14
11
6
172
186
159
170
148
,31
480
78.6
64.0
35.1
36.1
154
510
64.9
4
4
149
4
128
12
410
22.4
133
137
153
132
142
41
122
14.7
14.8
177.7
1*0.4
21.1
32.2
16.0
20.9
70.6
124.2
422
39.5
31.7
20.7
121.6
399
92
35
44.5
46.1
26.5
23.2
9.8
125.1
104.5
192
18
82
26.0
1.7
20.7
17.5
56,1
105.9
124.2
68.3
26.
94
7
5
33
22
426
93
548
27
717
122
133
36
291
28.7
21.9
21.9
35.6
24.2
l,24o
86
156
1.447
110
212
l.73'^
l.75'^
206
287
132
271
24
20
-1
55
'I
5'
l,lt«2
1,768
2.133
2,158
286
365
25
514
46
115
676
16.6
27.9
35.5
19.3
19.9
21.1
25.7
20.6
687
295
982
1,100
1,361
580
1.^
144
261
141
-6
'^39
57
668
342
60.2
48.9
23.7
32.2
1,539
1,9"*!
1,992
557
4o2
51
1,010
56.8
Minnesota:
Mlnneapolls-Bt. Paul,
Other
Total
302
182
545
352
897
553
387
9tO
134
219
110
85
195
8
35
^3
251
205
4«3
4}6
267
702
Mississippi
l4o
227
288
370
87
61
82
Missouri:
Kansas City 2/
St. Louis 2/7.
Other
Total
207
503
236
289
346
687
456
391
735
578
83
129
106
.11
122
184
232
342
ito.o
48
342
946
1.263
1,489
1.705
318
225
"iiT
759
33.6
5.
56
(Continued on followine oaae)
117.3
36.0
89
_85_
87.
75.0
118,9
24.6
24.0
148
Total
53.3
81,8
124,6
66.2
46.8
53"*
Michigan:
Detroit
Other
iito.3
213,2
164
29
Massachusetts:
Boston
Worcester
Other
Total
45.9
66,5
166.2
22.0
28.9
29.2
28.8
126
681
525
139.
47.
28
24
1^31
137.3
182.3
151.2
653
685
9
1
71s
180
461
129
Louisiana
Maine
Maryland:
Baltimore
Washington 2/
Other
Total
95
56
811
Total
9^
58
789
'I
549
Kentucky:
Cincinnati 2/
Other
T
Total
113
30
47
93
627
33
3,l'*7
Other
Total
128
2
7^3
3.939
Indiana:
Chloago 2/
Cincinnati 2/
579
175
407
4o!2
5.3
'U.5
53.5
73.7
45.6
26,1
-.4
9.8
2.6
97.2
115.9
102.9
1.5
9.9
4.8
83.1
112.6
'^57
25.2
31.9
27.7
230
26
28.5
164,3
19.5
8.7
33.3
17.8
13.0
7.0
26.8
88.9
46,1
144,9
1'^.5
80.2
9^.6
May 1945
A-17
Bank Deposits of Individuals, Partnerships, and Ck)rporation8,
December 31, 1941 - 1944 - (Continued)
Table 2.- Deposits by States and Metropolitan Areas ^- (Continued)
:
A- IS
Bavik
Treasury Bulletin
Deposits of Individuals, Partnerships, and Corporations,
December 31, 1941 - 1944 - (Continued)
Table 2.- Deposits by States and Metropolitan Areas ^- (Continued)
Part C - Time Deposits
Increase In tlae
Tla* deposits
deposits
Anount
state and metropolitan area
Dec.
31,
I9IH
Dec.
31,
19^2
Dec.
31,
Percentage increase
Total
Calendar years
Dee. 31,
I9IW
19113
I9U3
191^2
ISkit^
Dec. 31,
19 Ul
to
Dec. 31,
Calendar years
Dec. 31,
19'*1
19M-2
19113
191*4
I9W.
igw
(In Dllllons of dollars)
Alabama
Arizona
112
ArlLansas
California:
Los Angeles
San Francisco
Other
Total
122
35
50
696
761
i.ooU-
1,066
572
(In millions of dollars)
10
65
5
2
964
1,241
65
62
69
203
175
163
540
735
1,273
1,508
969
2,20k
2,399
2,940
3,751
196
91
100
120
151
252
320
237
175
266
299
280
202
344
413
322
225
14
247
183
10
8
985
1,031
1,149
1,304
k5
85
86
95
109
*
125
86
131
131
95
135
l4l
167
190
6
163
I
33
36
1^7
3
^7'^
Connecticut:
Bridgeport
Hartford
New Haven
Other
Total
Delaware
District of Columbia:
Washington 2/
Florida
7
Georgia
Idaho
Illinois:
Chicago 2/
St. Louis 2/
Other
282
1,088
23
ll
369
;.
Other
Total
,71
427
1.103
1.319
1,706
T
25
2
351
31*
1^7
3*^3
419
368
377
456
594
Iowa
259
284
Kansas
Kansas City 2/
Other
Total
18
66
2
65
30
17
309
267
15
234
811
1.51^7
8.9
22.5
31
60
9.2
20.3
33
35
32
18
42
23
92
93
85
50
!:^
119
155
319
4.6
12.4
10.4
13.1
10.0
11.5
14
24
0.6
10.7
.10
36
28
11
26
42
102
4.6
8.0
7.8
37.7
84
^•!^
31
8.6
20.4
31.8
275
434
0.5
5.7
3.1
20.0
22.1
18.0
387
29
153
6I8
1.3
19.6
51
216
59
52
17
1
1
200
9.0
1.0
2.2
36.3
15.2
19.7
78
13s
226
2.7
20.7
364
26
80
113
2.9
9.9
22
69
29
86
4
7
3
17
14
20
7
23
33
17.5
1.2
4.2
'U
91
114
21
25
129
4
6
-9
21
14
-2.4
-8.1
9.1
1.9
155
-10
27
8
10
13
19
115
19
106
1311
124
108
128
Louisiana
Maine
135
286
17?
20
44
lU
116
252
334
3"^
48
Maryland:
Baltimore
Washington 2/
Other
Total
325
18
96
339
19
98
393
458
29
131
14
23
110
2
13
21
1138
^55
526
617
17
71
91
1.703
290
1,733
295
1.885
2,101
30
5
153
28
539
2,522
549
323
603
20
5"^
216
36
81
2,577
2,812
3.144
55
235
332
Michigan:
Detroit
Other
Total
392
368
448
402
598
515
56
850
1,113
151
113
263
207
163
759
S05
678
1,483
Minnesota:
Mlnneapolls-3t. Paul.
Other
Total
179
219
230
283
294
11
18
40
64
"^5
399
190
237
427
513
644
29
86
7'^
71
76
90
-3
4
14
3?
42
198
5"^
228
78
79
4
-2
12
30
80
71
287
95
4
igiv
313
318
361
1^53
Massachusetts:
Boston
Worcester
Other
Total
Hlsalaelppl
Missouri:
Kansas Olty 2/
St. Louis 2/7
Other
Total
24
4.1
124
9
2
84
Total
26.6
16.4
28.4
8.6
15.1
577
81
Kentucky:
Cincinnati 2/
Other
3.9
14.2
28,2
4.6
6.2
13.6
38
15
13
155
10
14
1,207
5"^
333
251
Total
932
'R
Indiana:
Chicago 2/
Cincinnati 2/
2
8
50
Colorado
17
10
52
350
90
8.3
-7.2
3.0
66
88
2.8
2.6
16.9
13.5
133
11
35
179
4.2
8.3
2.0
15.9
20.5
13.0
3.9
15.5
398
69
155
622
1.8
1.6
3.8
2.2
8.8
9.6
9.8
9.1
413
310
724
l'+.3
33.6
28.1
67
115
131
5.9
8.2
131
245
7.2
16
-3.7
6.0
11.3
1.9
-3.0
27.9
15.1
2.1
1.8
13.6
65
1
370
17
33
2
5?
16
1*3
92
93
15
l4o
to
Dec. 31,
9.3
11.9
31.0
21.3
19.1
27.3
33.3
25.0
May 1945
A- 19
Bank Deposits of Individuals, Partnerships, and Corporations,
December 31, 1941 - 1944 - (Continued)
Table 2.- Deposits by States and Metropolitan Areas
Part C - Time Deposits
-
1^-
(Continued)
(Continued)
Time deposits
Increase In
time
deposits
Amount
3tate and metropolitan area
Dec.
31,
ISW
Percentage increase
Total
Calendar years
Deo. 31, Dec. 31, Dec. 31,
19 '(•2
I9H.3
1914
Dec.
31,
Calendar years
Dec. 31,
1941
1941
1942
1943
to
to
1944
Dec. 31,
1942
1943
1944
i44
194
(In millions of dollars)
Montana
Nebraska
Nevada
New Hampshire.
UO
62
18
231
42
66
22
47
(In millions of dollars)
62
98
232
,017
60
IU6
1,047
1,211
l.'^75
70
6
22
12
')
276
1,221^
Mew Jersey:
New York Olty 2/.
Philadelphia £7
26
249
4
16
45
17
4.4
6.4
21.7
0.3
13.3
17.7
31.9
25.6
30.8
10.8
55.0
58.1
88.9
19.5
15.7
13.4
17.9
45.0
41.7
47.9
45.0
New Mexloo
New York:
Buffalo
New York Olty 2/.
Rooheetsr
Other
264
85
216
30
2
2
164
8
27
ll^
458
25
70
1,258
175
1,456
1,775
34
199
319
551
3.0
2.9
1.3
2.8
15.8
21.8
21.4
23.4
21.9
15
Other
Total
17
20
26
6
11
11.7
18.1
30.0
73.3
U03
415
5,510
254
1,345
489
6,155
276
1,497
8,420
581
12
7,204
304
1,726
-54
6^
i.ole
1,6^0
-5
25
22
152
28
229
17.8
11.8
8.5
11.3
896
1.395
2,269
-0.3
11.9
18.8
17.0
10.1
15.3
16.6
44.2
29.5
17.4
4o7
3.1
-1.0
-1.9
1.9
%
207
62
6
3
21
9
52
4.6
17
79
28
8.4
15.5
25.0
33.5
37.8
61.7
82.4
1
13
"^5
0.9
81
14«
248
237
431
10.0
18.6
22.6
243
412
712
69.4
61.0
*
14
8
55
78
104
14
147
259
1,319
Total.
62
146
7,525
North Carolina.
North Dakota. .
Ohio:
Clnolnnatl 2/.
Cleveland
Other
128
13^
36
132
414
621
146
517
9.815
804
651
1,052
1,167
655
1,225
1,467
1,879
22
35
58
Oklahoma.
Oregon.
lUO
65
166
66
221
80
299
-7
25
Penneylvanla:
Philadelphia 2/.
Pittsburgh
Other
880
486
982
827
439
962
452
1,050
2,34a
2,228
2,'*33
320
18
'II
21
'II
338
346
384
443
37
31
39
33
44
181
183
212
274
29
Total.
.
Total
Rhode Island:
Providence.
Other
Total
South Carolina.
South Dakota. .
Tennessee
1,078
19.8
159
-9.8
18.2
0.7
33.5
21.2
35.3
11.1
113.6
87
62
197
198
28
265
-6.0
-9.7
-2.0
12.5
3.1
9.1
15.8
13.7
18.8
22.5
5.8
27.0
-119
205
407
492
-5.1
9.2
16.7
21.0
12
30
56
7
3
n
3.8
-21.3
9.1
49.6
15.4
14.3
30.9
33.3
37
59
105
2.5
10.7
15.4
31.1
6
5
14
21
17
93
^
1^.5
14.5
15.b
31.8
26.3
29.2
56.8
54.8
51."*
23
70
0.1
-3.0
30.6
30.4
42*2
93
2.4
19.3
12.6
14.0
29.9
44.9
59
17.6
0.3
26.8
9.0
27.6
14.7
89.4
25.5
71.4
31.4
32.4
363
-4
38
10
62
1.6
41
41
49
161
181
64
236
20
207
203
231
300
28
15
55
69
Utah. . .
Vermont.
66
137
77
138
98
150
125
172
21
12
27
22
Virginia:
Washington 2/.
Other
Total
7
8
12
372
2
21
60
89
12.1
2.8
17.5
291
10
312
1
283
7.3
20.0
19.2
290
299
322
384
23
62
94
3.0
7.6
19.3
153
118
182
141
303
257
29
23
Ji
19.0
19.6
271
324
559
52
19.3
28.1
33.3
30.3
30.0
36.7
Total.
233
188
422
West Virginia.
123
120
137
174
Wisconsin:
Milwaukee.
Other
Total
116
356
472
125
393
518
153
480
633
624
814
22
22
24
31
16,502
9.416
16,768
9,782
19,154
11,347
22.870
14,096
25,917
26,550
30,501
36,966
Wyoming
Totals:
23 metropolitan area*.
Other
Orand total.
•
1/
34.1
-20
5l'^
1.247
2,840
166
Washington:
Seattle
Other
30.1
21.2
25.9
30.8
28.1
i:l
4.9
Texas:
Houston,
Other.
Total...
.
30.9
8
5
98
137
150
139
288
32.5
98.0
117.8
106.3
17
37
51
-2.2
14.4
27.0
41.5
268
7.8
10.4
181
342
9.8
22.4
22.1
22.2
24.2
30.0
28.6
63.8
75.3
72.5
7
9
0.6
9.8
29.2
40.9
9
37
28
87
46
190
Less than #500,000.
The twenty-five metropolitan areas selected are thoee
having the largest volume of total bank deposits on
December 3I, 1943.
A
35
115
266
367
3.716
2,749
6,368
4,680
1.6
3.9
14.2
16.0
19.4
24.2
38.6
49.7
632
2/
2,387
1.565
3.951
6,465
11,049
2.4
14.9
21.2
42.6
Consists only of that portion of the metropolitan area
lying within this State.
For data on the entire metropolitan area see Table 1.
Treasury Balletm
A-20
Treasury Market Financing
Results of March Refunding
Nearly 39f> of the 7/^ oertlfloatee
of Indebtedneee due April 1, 19^, were exohanged for
7/8^ oe Iflcates offered by the
new 1-year,
Treasury In March ior the purpose of refunding
The amount of the April 1,
the maturing Issue.
of Indebtedness outstanding
1914-5, oertlfloatee
Of this amount, $14-, 810 mllwas k^,sn millions,
Hone was converted Into the new certificates due
April 1, 19'*^. 1/
Treasury Bill Offerings
^
The four weekly Treasury bill offerings during April were for approximately $1,300 millions
each.
The
issue of bills maturing April 5
amounted to $1,205 millions, as compared with
about $1,300 millions each for the remaining
three issues.
Thus $100 millions of new money
was raised during April by the issuance of Treasury bills.
HOLC Bonds Called for Redemption
May
1
Certificate Exchange
the
Secretary of the
On April 19, 19'*-5,
Treasury announced the offering of an issue of
to
1-year,
7/8^ certificates of indebtednese,
mature May 1, 19't^, in exchange for certificates
which were outstanding In the
due May 1, 19'*-5,
amount of $l,6l5 milllone. The new cartiflsataj
were offered in denominations of $1,000, $5,000
Interest is
$10,000, $100,000, and $1,000,000.
payable November 1, 19'*-5. and May 1, 19'^6.
Subscription books for the exchange were
open April 19-21, inclusive, except for subscriptions froB holders of $100,000 or leas of the
maturing issue, for whom the books were kept open
through April 25.
By an euinouncement dated March 23, 19'*-5. t^e
1-1/2^ bonds of the Home Owners' Loan Corporation
maturing June 1, 19'*-7» but callable two years
earlier, were called for redemption on their
first optlonaJ. retirement date, June 1, 19'*-5I*
was also stated that an offering of Treasury securities in exchange for the maturing bonds would
be made at a later date.
The called bonds were Issued June 1, 1939,
and are outstanding in the amount of $755 mlllions.
1/
2/
aiatorlcal dstalli of Treanury market financing operation! InTolvlng bonds, note*, and certificates of indebtedness, beginning vlth the Third Var Loan, are published in the tables on pages 32-33Details of weekly Treasury bill offerings are shown on
pages 3U-35 of this Bulletin.
May 1945
SUMMARY
OF
FISCAL
STATISTICS
Treasury Bulletin
Budgetary Receipts and Expenditures
(In
nrit 9
flaeal jtmi*
Bllllou of dsllari)
BOBtlia.
19>«3
to
Co^plot* flKal 70a»«, 19U2 to
19>i;
ictaal
19»J
1^
19^
IstiiMtod 1/
Cbaae*
19UU
CLongo
Actul
to
19I15
19>l£
I9>>2
19'»3
I9U5
IJW*
19U6
lotlutwl
I9UU to
19U5 to
ootlutod • •tUjitod
19^5 1/
B«o«lpto:
Xntariul roTenuo:
26,222
I.U51
7.960
16.09U
35.056
31,022
ItOl
-i».03i»
Boployinant taxea
I.IU
1.292
1.331
39
l,18g
l,)t9«
1.739
1.79U
2,056
55
262
Mioeellanoout internal rerenue 3/
3A95
3.928
5.297
1.369
3.8't7
"1.553
5.291
6,551
6,520
1,260
-31
U31
-105
Income and profit! taxoo 2/.
IO.3U9
CuetoBO
326
252
-7"»
389
32U
326
326
2."i67
g.35 5
-112
286
916
3.292
3.296
2,930
15.519
32.7«5
35.'»58
2.672
13,668
23.385
l»5,It08
'»7.023
U2.855
800
Other receipts U/
Total raoaipti
-366
"^fiTSiir
-U,i6(
Leao:
Aoonnts tranoferred to 7edaral Old-Aga
and SuTTlToro Ininranoe Truat Ihind ^.
869
1.103
1,260
1,293
1.600
.31.
307
^.66U
12.799
22.282
UU.l>t9
"•5.730
1*1,255
I.58I
.t75
37,027
385
1U,070
l«.265
U9.2lt2
it8.U97
38.999
-7i^5
-9.>»98
22,7>I2
3.638
8.5S0
20.888
26.538
27.900
22,000
1.362
-5.900
8.501
7.128
-1.372
3.362
8.955
11.259
10.1169
7.003
-790
-3.U66
1.131*
1.398
1.13U
26l»
50.57"'
6U,2l(6
66,897
2,651
26,011
72.109
87.039
88.000
69,1*00
961
-18,600
920
929
1'*.719
31.865
3't.529
War Department
31.257
36.61)2
Bavy Department
13.556
19.l0l«
5.761
Bat racalpta
Xxpendlturea: 6/
War aetlTltlas:
Mlacellaneoue war aotlTttlea
Anticipated supplameatal i^ropriatlons.
Total var aetlTltlea
Veterans' Idnlnlttratlon 2/
U53
ItSU
952
«l*68
556
602
730
1.290
2.705
561
l.Ull*
Public works 8/
um
356
257
-99
680
5U3
'*33
1*61
336
28
-125
Aid to agrlcultore 2/
878
653
322
-331
1,225
1.163
909
632
57U
-277
-58
Social security program 10/
588
638
657
19
659
735
803
871
765
68
-106
York Projects idmlnlstrstlon
278
16
-16
970
299
17
-3
•
•
163
18
•
Clrlllan Conoerratlon Corps
Interest on the public debt
-17
ItO
536
«l*96
13'l
1.06g
1.068
931*
671
81*1
1,1*96
651*
873
901
1.070
2. 21*9
2.835
1.180
1,068
1.695
2.1*03
711
1,260
1.808
2.609
3.750
1*,500
1,11*1
750
Excess profits tax refund bonds 12/.
Ot her IJ/
U;
586
590
3"*7
590
-2l*3
Total sa^sndlturss 6/
5"*.95l
68.968
73.520
U.552
32.397
78.179
93. 7"*"*
98.912
82,530
5.169
-16,382
Ret budgetary deficit 6/.
1*0,232
37.103
38.991
1,888
19,598
55.897
'•9.595
53.183
"•1.276
3.5«8
-II.907
Anticipated si^plamantal ^)proprlatlons.
ce:
•
1/
2/
2/
U/
^
Actual receipts and expenditures come from Daily Treasury Stateaente; source of estimated figures is sjq^lalnad in footnote 1.
Uss than $500,000.
Based upon estimates as shown in the 19l*6 Budget. Classifications
herein are based upon data susceptible of ssgregation according to
Dally Treasury Statenenta and will not necessarily agree with classlfleations in Budget docuaent.
Includes unjust enrichment tax and taxes withheld by esfiloyers under
both the EoTsnus Act of 19U2 and the Currant Tax Payment Act of 191*3.
For dstails sse following chapter on Bscslpts and bpsndltures and
Appropriations. Table 2.
Includes dhlsfly alcoholic bSTerage taxes, tobacco taxes, nanufaaturers' and rstailsrs' szeiss taxes, and estate taxes.
Includes deposits rseulting from the renegotiation of war contracts.
Information on the amount of such deposits Is not aTallabls on ths
basis of Ihdly Treasury Statements. On the basis of corsring warrants, such deposits wsre as followsi
fiscal year 191*3* $558 millions; fiscal ysar 191*1*. $2,235 millions, of which $113 millions
represented a Toluntaiy return of excess profits. Budget estimates
of such deposits for the fiscal year 191*5 are $1,685 millions, and
for the fiscal ysar 19U6, $952 millions.
for sxplanatlon. see tablee in next ehspter on Social oaeurity program.
6/
1/
Szcludss sxpendltures for public dsbt retirements which are chargaable to the sinking fund. etc. under spscial provisions of law.
Includes sxpendltures classified as tranefers to trust accounts,
for the Adjusted Serrice Certificate Tond and the Batlonal
etc.
Serrice Life Insurance fond.
Includee Public works transactions classified as BaTolrlng Punds
.
8/
(net).
2/
Includes Aid to agriculture transactions classified as ReTolring
Ponds (net); expenditures of the Dtpartment of Agriculture classified as DepartmoQtal in the Dally Treasury Statement; and Office of
Dletrlbution transaotions classified as transfers to trust accounts,
ete.
10/
Includes expendlturee classified as transfers to trust accounts, ste.
for the Ballroad Betlrenent Account and the Bailroad TTne^loyment
Excludes expenditures made by Office
Insurance Adninlstration Pund.
for Snergency Hanagetaent War Manpower Commission (U. S. hployveat
Serrice) under authority of the Social Security Act.
InolTides national Touth Adninlstration.
Represents transfers to public dsbt accounts for sxcess profits tax
rsdTund bonds.
Incl Tides departmental expenditures not otherwise classified and expenditures classified as transfsrs to trust accounts, stc. for Ooternaent esiployee retirenent and insurance funds.
.
11/
12/
12/
May 1945
Public Debt and Guaranteed Obligations Outstanding
Treasury Balletin
AND EXPENDITURES
AND
APPRO PRI AT IONS
RECEIPTS
. .
. .
. .
.
. .
)
May 1945
Budgetary Receipts and Bxpenditures
Table 1.- Summary by Major Classifications
(In Billion* of dollnri)
RAcelpta
Groet receipts
Fiscal year
or month
Total
receipts
Internal
roTenue
2/
3.800
19351936.
1937.
1938.
31*3
22.11*1*
5.291*
6,21*2
321*
191*3.
191*1*.
1*5,1*08
1*1.685
1*31
6.576
6.353
1*2
19l*i*-ltaTch.
iprll.
5.73^
July
Au^uet ....
392
389
3.021*
June.
31*9
2.935
Mw...
1.985
2.702
Sept enb er
October.
HoTember.
Decenber.
.
19l*5-J«iujir7.
5.927
5.1*18
3.5«7
3.987
6.9O8
.
Tebruary.
March
Source:
I
8/
2/
3.292 ii
(net)
5/
6/
11*9
93.7'»i*
1*1*.
5.986
5.595
6.188
8.525
12. 799
,103
,260
689
900
929
1,029
1.206
1.657
6.301
26,011
72.109
87.039
795
7.726
1*79
7.31*6
-6
387
1,018
7.879
7.567
5,86U
7.221
7.055
6.a5 10/
6.21*7
7.859
8.292
8.625
199
1*9
291
2,163
2.568
5.926
,110
,119
,930
1*58
13U
153
2.001
2.2UO
5.U16
3.556
3.767
S.898
8,202
7.1*60
1*86
11*5
178
29
1*1*1*
36
23
33
1
909
IU9
f
265
2
31
220
15
l|l|)t
Dally Treasury StatementsLess than $^0,000.
Ezcludes amounts for puhllc debt retirement which are chargeable to
the sinking fund, etc. under special prorlsions of lav.
Tor further details, see Table 2.
for explanation see tablee which follow on the Social Security program.
for further details, see Table 3.
Tor further detaile, see Table U.
Tor further details, see Table 5. Also see footnotes 3 a°^ ^'
Total e^endltures lees net receipts.
Represents expenditures for public debt retirements which are chargeable to the sinking fxmd, etc. imder special proTisions of law.
Such reIncludes recoTeries of U. S. Inrestments In ci^ital funds.
8/
76
11
.820
6O8
la
Public
debt
retirement •
6/
31*5
201*
Set
budgetary
daflclt
etc.
-3
5.900
5.935
6.1*37
3.087
2.950
195
29
3.815
6.UJ1
22.282
7,010
8,666
8,177
7,239
8,707
8,998
12,711
32,397
78.179
32
306
2
11*5
27
3.01*2
3.800
U.II6
5.029
5.855
5.165
5.387
7.607
265
387
503
538
661
869
181
28
23
25
1.880
2,300
U,9U5
2.506
5152/
2862/
916 2/u,
39
38
28
5.71*9
2.051*
.
ItTuree
6,573
179
216
210
208
188
273 2/
359
319
5,668
5.925
8.269
13,668
23.385
igUi.
i9te.
Iran sf en
RoTolTln^
to trust
funds
accounts,
War aatlTltlee
Total
ezpend-
y
3.278
3.513
5.597
5.67U
5,161
5.303
7.362
12.993
i*,ll6
lipeadltiLrea 1/
Leie net asounts
transferred to
federal 01d-A«e
Net
Other
receipts
and SurvlTors
receipt* Ineurance Trust
TtmA
5.209
571
1*03
t?
3,11*9
i,38l*
18
225
187
232
331
381
1*0
1*35
3,611
5.103
19.598
55.897
-39
556
lOU
65
58
I19.595
92
51*
-13610/
3.51*2
12
95
3
1.952
1*0
U.772
26
5.31*2
1*0
2.378
>*51
5.91*7
911
7.201
7.571
6.998
,02>*
500
7.1*79
,828
,Ui6
1*12
7.1101
895
7,503
5«5
7.551
U65
1.1U3
6.91*8
8.21*6
9. '•33
1*92
57
5.551
22
2,001*
U7
18
22
6,023
5.587
2.999
-U
69
l*,6l*5
-1
-1
1*8
3.693
2.51*0
^
10/
11/
coTeries totaled $5U millions
the fiscal year 19^; $319 Billions in the fiscal year 19^1; $IS millions in the fiscal year
19U2; and $10 millions In the fiscal year 19U3.
Receipts from reductions in capital stock and paid-in surplus
avallabls to be reissued under exletlng law are Included as negatlTe items under expenditures.
Such reductions totaled $l6o millions for general e^endituree and $1^3 milllone for revolring
funds during the fiscal year 19M'l.
Includes deposits resulting from the renegotiation of war contracts.
Information on the amount of euch deposlte is not available on the basis of Dally Treasury Statements. On the basis of
covering warrants, such deposits were ae follows:
fiscal year
19^3. $33^ millions; fiscal year 19U^, $2,233 millions, of which
$113 millions repreeented a voluntary retiim of excess profits.
Table 2.- Analysis of Receipts from Internal Revenue^
(In millions of dollars)
^}107lDant tazei
Income and profits taxes
Tiscal year
or month
Total
Withheld by
en^loyers ( Current
Tax Payment
Act of 191+3)
Social iecTirlty taxe, U/
Other
federal Insurance
Contribution, Act
(Old-age
ineurance)
3/
2/
3.278
3.513
U.597
191*1.
19't2.
1.1*27
2,163
2.163
2,61|0
2.61*0
2,189
2,125
2.189
2.125
3.1*70
3.1*70
7.960
l6,09U
22,
IW
Ul.685
253
755
191*
58
511*
90
101
108
98
120
158
180
71*0
530
7.960
833
925
1.186
60U
691
S96
16.091*
1.1*98
.130
.292
655
8.393
26,262
1.739
19l*lt-March.
6.353
5.911
750
5.161
67
April.
Hay...
June.
2.935
2.U75
2,167
560
i.iou
5.21*1
71*6
1.915
1.063
U,U95
39
337
71
Julr
August ....
1.985
2,702
1.2U7
1.552
5?U
1.065
65U
1*87
56
319
Septeaiber.
5.71*9
5.17'*
71*1
l*,l*32
61
October.
HoTember.
Decsaber.
1,880
2.300
1.2l*0
609
1.035
632
1.501
1*66
U,9lt5
it.3'*7
7W
3,606
60
293
6c
191*5-January.
Vebruaiy.
3.0U2
3. 815
2.U22
2.922
5.818
619
1.295
1,803
1.627
3U1
883
'».935
93
3.021*
5.73'*
.
.
March
Source:
•
1/
2/
Carriers' Taxing
Act of 1937
(Sail road
ret Irement
1.099
1.1*27
5,161
5.303
7.362
12.993
191*0.
1.099
5.671*
19351936.
1937.
1938.
1939.
federal Uneaplojment Tax let
(UneoploT&ent
insurance)
6,1*31
31*.
1*8
Daily Treasury Stateoente
Use tban $500,000.
Tor further details, see chapter on Internal Revenue Statistics,
Excludes receipt of Tictoxy taxe s withheld pursuant to the Bennue
Act of 191*2.
Such receipts haTe been classified as "Other" intoaa
and profits taxes.
150
109
121
137
170
209
267
59
35
309
5
KlBCOllaneous
Internal
revenue
1.657
2.010
2,181
2.279
2.232
2.355
2.967
3.8U7
".553
5.291
Agricultural
adjustment
taxes
5a
77
375
1*21
i
520
1*22
52
3
1
681
^5
12
ih
57
832
5IU
3
1
580
2i?
11
lU
u
1
55
507
539
33
222
18
liJ
10
3/
H/
1
1
6?
573
552
520
Includes unjust enrichment tax.
For the period prior to Septanber 1939, the data in the ccluons
entitled Federal Ineurance Contributions Act and Tederal Oneaployvent Tax Aot repreeent collections under Titles Till and IX,
ro^pectlTely, of the Social Security Act.
.
.
Treasury Bulletin
Budgetary Receipts and Expenditures
-
(Continued)
Table 3.- Analysis of General Expenditures
(In mllllone of dollars)
Direct and work relief
Fiscal year
or fflontb
Total
Veterans'
Admlaietratlon
1/
2/
Public
Md to
works agriculture
2/
2J
2/
k/
Social
security
program
1/
5/
Work Projects
Adnlnletratlon
and National Toutta
AdnlnlitratloD
6/
5.900
5.935
1935
1936
1937
1938
1939
5,861*
7.221
igto
igui
19U2
557
578
581
582
557
679
685
803
670
900
930
966
988
866
1.237
1,261*
ISU
1.896
1,1*72
2,2l|0
1.5W
890
715
669
5U5
iglA-March
795
55
1*1
99
April
May
June
1*79
55
59
60
32
387
1,013
100
102
59
1*58
63
31*
1*92
911
71
69
31
62
30
30
500
70
August.
September.
.
.
October. ..
November.
December.
19l+5-Ja2mary.
•
1/
2/
^
J*/
5/
895
.
February.,
March
Source:
1*12
1,11*3
78
75
85
25
21
29
6/
2/
1,831
U95
-1
k
2
U36
821
36I.
1*86
71*9
l*2l*
386
326
290
866
926
510
1*81
91*1
517
283
258
223
200
191
572
37U
970
299
17
515
SlU
529
283
257
163
18
l,0l»l
51*6
1,111
1,260
1.808
2,609
525
590
692
227
216
220
197
328
62
5t
70
53
50
60
t5
86
77
581
9*
38
36
July
f*3U
detot
Other
general
expenditures
7^?
33
19W
public
Other
departmental
¥*9
36
19'»3
1,006 10/
1,091
1,052
950
rnterest
on the
117
557
553
555
572
629
as
Civilian
Conservation
Corps
1/
29
5.986
5.595
6,188
7.055
6,
Federal I^ergency Relief
Admlnletration
and ClTll Vorke
Administration
65
91
33
15^
131
51*1*
'*3
96
35
25
30
30
133
68
23
31
33
560
63
66
112
132
101
31
18
2U
55
22
56
51*
191
32
37
628
6U
70
21*2
Dolly Treasury Statemeats.
Leas than $500,000.
Includes public works undertaken by the Veterans' Administration,
Does not Include expenditures for (1) revolTing funds or (2) transfers to trust accounts, etc. These are shown in Table 5Includes public buildings, public highways (including forest roads
and trails), river and harbor work and flood control, Tennessee Valley Authority, Itederal Public Housing Authority (formerly U. S.
Housing Authority), reclamation projects and the Public Works Administration. Excludes certain expenditures for public works in connectlon with war activities by the Federal Works Agency, beginning
July 191*1.
Consists of Farm Credit Adnlnistration, Federal Farm Mortgage Corporation, Federal land banks, Bural Electrification Administration,
War Food Administration, and Department of Agriculture departmental
expenditures,
(War Food Administration comprises Agricultural Adjustment Agency, Farm Security Administration, Office of Distribution, Soil Conservation and Extension Service, and Other).
Includes railroad retirement and railroad unemployment activities
and excludes expenditures made by Office for Emergency Management,
War Manpower Commission (U. S. linployment Service) under authority
of Social Security Act. Ibr further details, see tables which fol-
6/
2/
8/
2/
10/
low on the Social security program.
Work Projects Administration was formerly Works Progress Administra^
tion. Beginning with July 19^2, expenditures for the National Youth
Administration are classified as "war activities expenditures".
Includes expenditures of the Eeconatruction Finance Corporation for
relief throu^ loans and grants to States, municipalities, etc,
Ebccludes expenditures for the TJ. S. Maritime Commission, departmental
expenditures under the Social Security program and the Department of
Agriculture departmental expenditures.
Office of Education, and
Includes expenditures for the follovlng:
Public Health Service of the Federal Security Agency; refunds of
taxes and duties by the Treasury Department: Post Office Department
postal deficiencies: Federal Housing Administration: Treasury D^
partment investments in Federal savings and loan associations; certain expenditures of the Panama Canal; and capital stock of the Federal Deposit Insurance Corporation, Home Owners' Loan Corporation,
Federal home loan banks, and Disaster Loan Corporation.
Gross expendittires have been reduced $l60 millions representing the
repayment of capital funds by certain United States Government agenFor further details see "Treasury Bulletin" for June 19l*3,
cies.
page 9, footnote 12,
-
.
.
May 1945
Budgetary Receipts and Expenditures
-
(Continued)
Table 4.- Analysis of Expenditures for War Activities
(In Bllllona of dollars)
Mltcallaneoua var actlrlttee
V«r
HaT7
Depart' Departmant
ment
riacal year
or nontb
Total
A^rlenlmlecelture
laneout
Dapartwax acmant
tlTltlea
federal federal
Security Work!
i«ency
Agency
Hatloaal SelectlTo
Houelng
Serrlce
l«ency (admioietratlTe)
y
United
Treaaury States
Depart
Harltlne
nent
Comsle-
War
SMpplne
Adfflltt.
si on
United
Other war
Hat Ions
actlTlRelief and
tles
to
aahablll- expendiChlu
tatloQ
tures
Adfflln.
689
900
1935
1936
1937
1938
1939
929
1.029
1,206
19I1O
273
383
378
1*32
U90
667
3.67s
1.657
6.301
26,011
72,109
87.039
11*. 070
19UU-March
7.726
April
May
June
7.3'*6
7.879
7.567
l*,106
ig"*!
ijte
191*3
19UU
July
1*36
529
557
596
673
-21
-12
-6
1
1
Wt
1*1*
1*9.21*2
892
2.313
8,580
20,888
26.538
99
310
3.362
8,955
11,259
69^
2,011
2,lU3
U.U61
2,281
983
188
16
U.l6o
2,262
2.536
2,636
92U
1,010
825
221*
11
205
219
7
21
682
982
56
158
lUK
15
19
17
15
17
12
1*2.265
99
7.201
7,571
6,998
3.905
2.591
2.502
2.295
October.
November.
December.
7.1*79
7.1*01
U.091
3.978
2.6U8
2.577
81*5
7.503
lt,19l*
2.1*39
870
19U5-January.
Tebruary.
March
7,551
U,29l*
6,9lt«
3,866
8.21*6
l*,68U
2.539
2.392
2.759
718
690
803
62
111
153
133
1*5
102
1U7
85
.
.
.
September.
.
.
3.928
1*,087
798
71*0
Table 5.- Analysis of Expenditures for
(1)
or month
386
165
130
118
188
51
IU9
191
201
90
81
106
22
17
lU
130
372
335
191*
152
102
122
97
102
71
326
298
312
11*5
99
152
183
9U
11*
110
118
I2U
6
137
181*
-21*
91*
8
136
228
259
180
166
189
121*
1
-8
132
1.105
1,922
131*
200
UO
108
382
795
991
97
72
56
91
var expenditures of Conmerce. Justice. Interior, Labor, and State
Departments; Ciril Serrice Commission; Executive Office of the
President (including Office for fioergency Management); Panama Canal;
Includes Deand capital stock of Smaller Var Plants Corporation.
fense Aid Special Fund through the fiscal year 19l*3: thereafter such
expenditures are reflected vithin the reepectire departments.
Revolving Funds and
(In
nacal year
97
31
28
lit
Source:
Daily Treaeury Statemeate.
Back yi^uree: Monthly figuree for the period July 19IK) through April 191*3
appeared in the "Treasury Bulletin" for May 191*3. Pa£e 7.
•
Lees than $500,000.
Includes var public housing functions.
1/
Similar items for periods prior to fiscal year 191*1 are classified under
2/
Includes
Other departmental and Other general expenditures in Table 3*
929
2,776
3. 812
38
13
51
519
1,201
1,U32
35
21
2l*
297
608
539
62
215
228
-3
161
112
Au^st
£/
-21
-12
-6
llliona of dollara)
(2)
Transfers to Trust Accounts, Etc.
Treasury Bulletin
Budgetary Receipts and Expenditures
-
(Continued)
Table 6.- Totals by Months, Beginning with 1936
(In mllllottt of dollars)
Calendar year
Jan.
fe%,
Mar.
Hay
Apr.
June
July
ibig.
Sept.
Oct
Net l)ud«etary receipts l/
1936.
1937.
1938.
23?
29'!
i939.
218
230
308
752
967
916
231
318
262
256
290
373
529
828
77U
2911
3"3
li99
367
273
412
717
678
367
213
30U
3''7
557
Moo
6I19
265
331
271
315
3U0
UUl*
5l'l
687
795
1,56«
578
788
758
955
3,5'»7
19U3.
5,206
igw.
^9^.
§.573
3.087
3,556
19110.
19'tl.
ig"*?.
I113
39't
1,276
695
563
2,1192
7I17
l.Sl"*
1,1180
1.569
s,950
6,2117
2,007
2,163
565
I1I19
272
292
300
286
350
517
823
672
1.372
5.798
5.650
233
279
333
397
676
711
1,135
3^1
362
561
'21
7IO
1,212
1,918
5,831
8,8l9
587
2.721
2.568
2,527
5,117
5,926
607
5,030
2,001
601
2,099
2,2lO
2,701
5,736
5. 116
16,103
31,551
11,121
372
Iili7
6.892
Budgetary expenditures 2/
1936.
1937.
1938.
I92
1«0
5I6
I7I
636
766
705
631
695
631
686
511
566
2,127
1,253
930
725
571
517
6I5
676
632
718
677
565
737
616
716
635
830
9,211
7,751
8.097
1939.
1910.
I9I1.
656
712
1.111
612
668
1.075
820
822
1,399
730
783
1.315
691
617
1,111
895
887
1,528
761
818
1.598
771
706
1.529
711
759
1.871
721
869
2,083
616
817
1,858
832
1,172
2,5l2
8.885
9.657
19.053
I9I2.
I9I3.
2,628
6,372
7,570
8,202
2.629
6,119
7,862
7,160
3,121
7. 351
8.525
9.133
3,753
7,166
7,859
3.953
7.I35
8.292
1,530
8,327
8.625
5,160
7,112
8,110
5.215
7.617
8,119
5.931
7.535
7,930
5,937
7,156
6,02l
6.363
7,839
7,828
6,500
7,152
8,116
56,020
88.081
97.158
U05
273
137
331
171
296
199
-188
157
1,872
1,956
2,117
3U
521
I9II1.
1915.
656
635
Set liudgelary deficit j/
262
316
166
.116
-200
-212
loo
377
369
I30
221
193
1,898
125
156
362
268
231
177
105
151
195
-115
10
132
22
517
179
750
318
217
717
339
237
252
199
187
1,185
102
258
1,133
739
W12
536
1.637
281
155
1.291
I32
1,329
3.967
3,823
10,20l
3.058
5^952
1,772
3.391
5.955
5.3I2
2,037
3.758
2,378
1,113
5,105
5,917
1.628
1.896
5.551
3,10l
2.087
2,00l
5.331
5,126
6,023
5.761
5.7IO
5.587
3,799
1.716
2,999
39,618
53,530
52,737
1936.
1937.
1938.
293
300
198
1939.
I9I0.
I9I1.
771
22I
531
-167
1912.
1913.
I9II.
1915.
2.050
5.581
1.823
1,615
1.871
5,161
5.359
3,693
.126
2,117
1,952
2.510
385
398
Source:
1/
215
Daily Treasury Statements.
Total receipts less net amounts transferred to Federal
Old-ige and Survivors Insurance Trust Fund.
2/
2/
65
1«
Excludes public debt retirements.
Total expenditures less net receipts.
II
May 1945
BUDGETARY RECEIPTS AND EXPENDITURES
1940
1941
1942
1943
1944
1945
DOLLARS
DOLLARS
Billion*
Billions
JMMJSNJMMJ SNJMMJSNJMMJS
Budgetary Expenditures
..
..
.
Treasury Bulletin
10
Trust Accounts, Etc. Receipts and Expenditures
Table !•- Trust Funds
(In million* of dollars)
?ederal Old-A^e and
Surrlvors Insurance
Trust fund
Total
Fiscal year
or month
trust funds.
net receipts (*)
or net ezpendl
Receipts
tures C-)
Expenditures
Ibcpendl-
Receipts
Other
trust accounts 1/
Railroad
Retirement Accouint
UnemplOTment
Trust Tund
Receipts
turas
Expenditures
6U
3U
20
*6l»
1935
1936
1937
X938
1939
*3K
19
11
29
37
37
66
92
1
1
3
10
9
267
uoi
529
577
707
931
1. 185
1.357
6
6
igUU-March
-201
-158
3
i^rll
Kay
June
120
282
15
289
-355
-313
July
U5
Au^tt ....
102
282
273
U9
291
September.
-3O8
-293
5
October.
November.
Deceober.
112
257
2U6
I"
265
-282
-305
5
l^hl
igitz
19U3
19UU
.
1U
.
go
29
Vebruaiy.
338
200
March
-138
-200
I9U9-Junai7.
Soiirce:
•
1/
2
2
959
l.llU
l,2W*
1.399
1.567
957
.118
U
U3
U6
29U
161
lUg
580
717
9U0
1.190
1.363
19'to
19
296
751
837
19
267
U02
530
16
306
102
17
tilU
12
-U
-6
3
9
-8
2
19
223
35
20
57
88
512
961
ita
1.853
331
389
U55
87U
1.713
9U
135
3''
95
202
179
231
108
178
275
366
1
7
-U5
't7
205
309
38
205
-5
53
18
1
-13
U15
2l6
162
362
198
171
58
253
28
283
3U
38
U7
39
23
206
225
182
159
186
159
98
212
t3
-lU
-3
•
8
295
37
17
296
101
51
-29
7
-2
125
116
Ikk
217
275
278
103
30
19
309
19
U
.56U
123
127
iWt
221
273
•
.toil
-u
2"»
-Ul
-2
.2lt3
1U6
107
38
18
298
36
220
23
237
2,020
838
327
325
IU8
109
UU
It
-lU
-2
5
301
2.053
858
323
3U9
Expenditures
35
763
838
1
1
Receipts
81
227
U6
31
251
250
270
218
100
205
5
-1
3"*
•
1
3U
35
1
-1
-1
1
151
66
Daily Treaeory Statemente.
Leae than $500,000.
Includea GoTenment Iniurance and retirement funda.
Table 2.- Other Funds
(In milliona of dollara)
Tranaactiona In cheddo^ accounta
of Ooreraoent agenclea, etc.
MlscellaneoUB funda
and accounta If
Seigniorage on ailver
Increment on gold
yiacal year
or month
Total all
tranaactiona
637
108
3IU
20U
768
1935
1936
1937
1938
1939
3U
19UO....!
19I1
19't2
-217
-3.625
19U3
19'w
-2.19't
-'»,IW3
laauance of
obligationa
2/
Other
tranaactiona
Het
Recelpta
Ixpenditurea
Recelpta
-111
l.lOb
288
852
I
-337
113
lllO
1*01*
176
101
52
5
uo
90
90
-25U
1*9
20
lU
-2.871*
-1.069
-I.8I5
-1.500
-1.529
-1.809
-69U
Bet
Receipt a
Expendi-
ture a
176
-99
-51
-5
turea
lltO
-1*03
Szpendi-
1*0
90
90
2
U9
20
16
11*
11
39
2UI
201*
19>tU-Mareh
-2.002
-95
-1.907
-87
-1U8
-577
-I.6U7
-56
1*90
160
July
Auguat
-193
-25U
27
233
292
-86
-207
-2
iprll
May
June
2UU
331
155
-3
1.900
51
-31
-170
-160
-51
170
-ai
18
223
-223
-21
-233
1*2
-1*2
79
29
-29
-5
71
1
-89
-16U
-19
-1U5
130
311
253
-130
-311
-253
.
21
137
UU
76
-137
-76
M07
-37
-305
-U
57
TebrUBxy.
March
-7
7
September.
35
October...
HoTeaber.
December.
-95
19lt5-January.
Source:
•
1/
70
-«
Daily Treaaury Statementa.
Leae than $500,000.
Compriaea PVi rOTOlving fund, and epecial depoaita (net).
Alao includea Office of Diatrlbution (formerly Agricultural
2/
^
Marketing Adminiatration) commodity food etamp tranaactiona.
Net recelpta in thia column conatitute net aalea, and net ezpendlturea
conatltute net redemptiona of obligationa.
Detaila not aTailable.
.
.
•
May 1945
11
Means of Financing Cash Requirements
(In idllloiis of dellara)
iaoimt required to
fiscal year
or month
Total amoont
required
to be
financed
Bet
deficit
^
Sat laor«afl6
in 0«neral
Vtand. balance
1/
1935
1936
1937
1938
1939
MaaoB of financing
flziasxced
Het
axpendlturet
In tmat
aoecmiitfl,
Total amount
flnaooad
Increaee In
patillc debt
ate.
2/
l,6l4«
IW
3,611
5.99U
igko
W.27U
3,611
5.103
19.598
55.897
307
it9.595
>t,157
i9i»i
1,952
19>»2
191*!!,'!!."!!!!
19UU-March
61*,
i^>rU
7U2
358
lltS
3.506
1.861
•.OSl
ll.6it6
7.703
5.551
2,SU<
5.9U7
5.551
2,00U
g
6U,307
"•.157
I.6O8
2.5^^
'•,327
5.3'*2
l'*.637
252
1.399
613
1.756
6,023
15.626
6,023
5.587
2,999
't,6U5
"t,6U5
SeptMBtoer.
October.
HoTember.
December.
2Ult
12. '•33
7.703
5.551
It. 637
2.2'*«
7.570
1.229
-307
193
6.023
5.587
15,626
7U8
U.761
15.626
Tebruary.
3.693
3.693
U,6U5
3.693
1.778
1.300
March
2.5110
2.5i«)
2.5'tO
2ll2
I9't5-Januar7.
.
91*7
6'*.307
U,772
2,378
. .
2,528
5.?9t
23.U61
71*0
128
338
W,27U
"•.772
5.3't2
June
.
3.275
3,611
5.99U
23,1*1
7»tl
2,205
6.515
10,662
ttay
Jttlj
Axi^uat
5,078
2,6U6
384
16U
622
Sat
receipts
In trast
account e,
etc.
2/
209
390
81*0
Set decrease
In Oeneral
Vtind balance
3.757
821
312
37t
306
890
136
U
..
..
..
:
U
U
3
Treasury Bulletin
12
Social Security Program
Section I.- Budgetary Receipts and Expenditures
Table 1.- Social Security Act
(In ffllllloDS of dollora)
Recalpta
OrosB racatptt
Social aacurlty taxea
Tlical 7«ar
or month
Total
Fadaral Inauranca
CoDtrlbutlona Act
(Oll-a^e iDBuranca)
7«daral UnemploTmant
Tax Act
(Thiaa^loTment iniuranee)
y
1936
1937
193«
1939
igito
19'n
191*2
19'*3
igm
igUU-March
8.0
rscalpt*
3/
H
19U.3
51U.5
530.U
60U.7
690.6
895-6
1.130.5
1.292.1
252.2
60U.U
631.2
712.2
788.2
1,015.6
1,288.9
l,U72.0
Laaa aBDuata credltad to
Pedaral Old-Age and
SuTTlTori Inauranca
Truat fund
U9.9
158.U
179.9
-12.8
265.0
387-0
503.0
537.7
661.3
86«.9
.,103.0
.259.5
57.8
90.1
100.9
107.5
97-7
217 -t
128.2
I7U.5
126.9
IU6.7
185.9
212.5
lt.l«
3-6
2.U
5-6
3-3
323.6
6.2
35.1
309. "t
5-1
31-7
306.0
1.7
6.7
17.7
51.8
293-3
3.8
2.9
11-7
'19.3
290.8
?•"
Ik.Z
September.
5H.7
305.0
k.5
.7
l.U
3-1
October..
November.
December.
58.6
278.5
t.9
SS-lt
3-2
11.2
53.6
265-5
-9
2.1
5.0
13-0
2.8
2
31-0
219-7
15.3
i^rll
May
Jun«
38.
July
Au^Bt
.
.
.
19lt5-J«nuary...
February.
1.1
267.3
U.O
146.5
33-3
222.1
17.6
336.3
March
It-
27.1*
Al: 3
9.7
U.5
lill
12.0
Zzpendltnrea
Oranta to Stataa
Tlacal 70ar
or Doath
Public
Health
Serrlce
Social Saenxlty Board
Admlnlatratira
aipenaaa
28.lt
.6
1«2.7
332-5
3^3-3
384.2
52lt.2
15.8
20.0
21.3
25.3
31-5
31.5
33-3
32-1
19ltlt-March
35.t
Iprll
May
June
53-6
1936
1937
193«
1939
19W
19'tl
m.u
19112
50U.it
19U3
19l«
527.2
11. It
5.5
?•'
6.5
6.2
u
It.O
Ui.o 6/
1.8
l.lt
1-5
1.5
1.5
1.6
1.6
l.U
2.6
3-5
2.8
U.2
195.5
115-1
215.1
209-7
322.5
357.8
3
29.8
1.0
5.8
2.2
.It
.2
.It
.2
29.0
.9
.7
.1
-7
.1
.5
-5
U6.9
25.9
27.8
2. It
50.3
38.8
28.3
30.6
31.8
22.9
5-6
1.0
9.6
3.1
.1
.U
U7.8
.2
.2
.1
.2
.2
.2
•3
.7
23.
1)6.9
30.0
29-1
25-0
1.1
7.0
2.2
.It
-3
36.3
29.6
.7
.7
1.0
-3
•
.2
.1
3
30.1
1*9.5
31.6
1.0
8.6
1.9
28.9
32-5
22. 1|
.8
.8
.1
-3
.2
-5
-3
.2
37.8
-8U.8
2U.I
2.8
2.8
i/
10.8
28.
.2
1.0
3.0
50.lt
1^
9->*
.6
2.1
2.7
3.0
5-3
5-5
2.7
October.
Hovember
December.
Source
58.9
58.3
63.0
70.3
55-1
36.3
1.0
3.1
3.8
35-6
31."
25-1
6.1
36.1
ltl.9
It
7.8
8.9
8.0
5/
S.
26. U
311.9
53-3
31.8
9.1
5-2
5-'
6.2
7.1
8.0
8.5
10.3
2.
.9
lt.6
(U.
OnploTaent
Serrlca)
50.7
-1.8
19U5- January. ..
February.
March
63.2
69.U
1.0
Majq>owar
Commlealon
32.3
32-3
39.8
32-9
2.0
IU.3
25.5
Child
welfare
aarTice
Izceaa
of
ezpendlturaa
2.8
53.1
37-6
.
ltl5.2
it69.6
19-7
12U.8
182.2
208.8
227.6
260.1
Maternal SerTlcea
and child
for
health
crippled
aerrleea children
of
taxea
299-1
316.9
360.6
July
Au£uet
September.
.
27.8
166.9
271.5
320.3
356.5
Public
health
vork
Rafunda
lt9i.i
I188.0
2.7
2.9
2.8
1.3-6
War
Iteafflplo7-
Old-age Aid to
Aid to Dant coaaaalat- dependant
tha
panaation
ance
chlldran
blind adminlatratlon
Office for
Snargency
Management
Department of Labor
2.7
2.9
2.3
3-2
1|0.2
27.6
67.3
57.0
1.6
5-0
9
3.5
.7
II
3-2
l:\
3.t
10.7
10.9
Dally Treaaury Statements.
LeBB than $^.000.
Formerly Title 7111 of the Social Security Act.
Formerly Title IX of the Social Security Act.
Includei amounta equal
to approprlatlona to Railroad Unemployment Ineuranoe Adminiatratlon
Fund equiralent to amounts of taxea collected with respect to the
period from January 193^ to June 1939. inclusive, from employers subject to the Ballroad Unemployment Ineurance Act (See Table 3 of Section I).
Prior to January 1, 19UO. figures represent amounts transferred to
the Old-Age Reserve Account.
From January I to July 1, 19^0 "Transfers" were made to the Federal Old-Age and Survivors Insurance Truat
Fund.
Subsequently receipts have been deposited in the General Fund
of the Treasury and "appropriated" directly to the Federal Old-Age
and Survivors Insurance Truat Food. Amounts shown as transfers reflect deductions made for reimbursement to the General Fund account
to cover admlnlatratlve expenses, which are shown aa expenditures in
3.8
3-8
.2
kf
5/
6/
20.7
1.3
3'*l-3
311-7
.5
31.8
.7
it5.U
26.8
Section II, Table 1.
Includes only e^endlturea from appropriations made speclfloally for
administrative espenses relating to the Social Security Act; namely,
Social Security Board, Department of Commerce, and Department of
Labor; and admlnlatratlve expenaea reimbursed to the General Fund of
the Treaaury under Section 201 (f) of the Social Security Act, as
amended.
Beginning July 1, 19^*0, Includes also administrative expenses under the tfagner-Peyser Act.
Excludes administrative expenses payable from other appropriations, principally for the following agencies: Bureau of Internal Revenue of the Treasury Department, and Public Health Service and Office of Education of the Federal Security Agency.
Covered by expropriations by Congress.
Second Deficiency .^proprlatlon Act, fiscal year 1938, appropriated
$kl millions for refunding to certain Statea portlona of Federal employers' tax for 1936 collected under the Social Security Act.
5
•
..
.
..
May 1945
a
U
.
13
Social Security Program
(Continued)
-
Section !•- Budgetary Receipts and Expenditures
(Continued)
-
Table 2.- Railroad Retirement Act
(In milllonB of dollars)
Receipt
Fiscal year
or month
1936
1937
1938
1939
19UO
19U1
S:qpendlt\ire8
AdmlnlstratlTe
expense
Carriers' Taxing
Act of 1937
y
•3
•3
150.1
109.3
121.0
136.9
170.0
208.8
267.1
19112
19"*?
19UU
•
Refunds
Excess of
eiqpendlturea
of
2/
taxes
3
•
lue.u
107.1
120.7
\:l
2.9
2.6
110.0
123.3
128.2
•
7.6
lli0.9
220.2
265.3
2-5
21U.S
362.7
11.
-1.8
-58. U
19U4-Hu'ch
58.6
i^rll
May
June
.It
3U.7
I3.U
6U.9
.2
l.U
lU.2
56.9
205.0
.
1-5
3U.2
EToTember.
Decemt>er.
lU.U
55-2
.2
.2
1.2
3U.8
"•.7
.2
.2
July
August ....
Sept ea tier.
October.
19U5- January. ..
rebruApy.
March
Source:
•
1/
7
2-3
-8.7
-21.6
12l*.'4
114a.
3
1.2
-1.1
1.5
iitg.o
Transfers to
Ballroad Retirement Account
(trust account)
3''.3
S"*.?
-13.2
.2
20>t.8
203.6
-lU.l
-56.7
3U.0
32.7
-IU.2
-55-1
.1
.2
65.5
st-s
-65.3
Dally Treasury Statementt.
Less than $50,000.
Includes only expenditures from ^proprlatlons made specifically for
2/
adslnlstratlre expenses relating to the Railroad Betlroment Act.
CoTerad hy appropriations from the Oenaral Pond of the Treasury.
Table 3.- Railroad Unemployment Insurance Act
1/
(In fflllliona of dollars)
Bacalpte
nscal year
or month
Sxpendi tores
Admlnlstratlre expenses (Ballroad
Ballroad unemployment Insurance
contributions
Ibn^loyment Insurance Administration
Jund)
^
1936
1937
193s
1939
5
5.0
191*2
10.3
12.1
191*3
191*1*
2.8
19l*l*-March
April
May
June
10.9
6.1*
g.2
li*.9
•
5/
.5
.1
7.5
2.5
2.2
3-2
Ixcess of
expenditures
y
.5
5.0
•
U.9
6.8
8.5
191*0
19U1
Transfers to Railroad Unemployment
Insurance Account,
Unemployment Truet
rund
6.0
11.7
U.l
-2.1
-2.1
2.7
-2.6
3
.1
3
• 3
.3
.2
3-5
•3
-32
.1
9.0
September.
3-3
.7
October.
loveaber.
Deceaber.
.1
•
3-z
•
•
July
•3
Au^st
.
.
.
I9l*5-January...
?ebr»jary.
Source:
•
1/
2/
8.8
-2.6
.It
.
March
•3
«.9
.1
3-1
Iklly Treaeury Stateoente.
Leie than 150,000.
(^erated a. Ballroad QDamployaent Iniuraoce Adffllnlitratlon fond.
Ropresente 10^ of contribution, under the Sallroad Unemploynent
Incuranee Act; the remaining 90i Is deposited In the Railroad Unemployment Ineurence Account. Une^loyment Trust TuM (See Section
II. Table 3)*
£zcludes amounts appropriated to Railroad Unemployment Insurance Administration fond equlTmleot to amounts of tazee
collected for the period January 1936 through June 1939 from employers subject to the Railroad Unemployment Insurancs Act. These
amounts aggregated S17.7 millions and vere distributed by calendar
.It
3
3
-2.9
.2
.2
•3
-2.8
.2
.2
.1
years, as follows:
1936. $2.7 millions; 1937. $5.3 millions;
1938. $6.8 millions; and for the first six months of the calendar
year 1939. $2.9 millions. These eaounts are Included In Table 1
under federal Uneoployment Tax Act (unssployvent insurance]
Includes only expenditures from appropriations made specifically
for admlol strati Ts expenses relating to the Railroad Uneoployment
Ineurance Act.
Represents excess funds of the Railroad Uneoployment Insurance Administration Tund (under Act of Oct. 10, 19UO).
Covered by appropriations by Congress.
7U
..
.
3
2
U
7
B
u
U
8
.
Treasury Bulletin
Ik
Social Security Program
(Continued)
-
Section II.- Statements of Trust Accounts
Table 1.- Federal Old-Age and Survivors Insurance Trust Fund
ij'
(C^uuulative from organization - In mllllODB of dollari)
E3q>endlturee
Racelptt
iai of fiscal
year or month
1936
1937
1938
1939
igMo
Total
receipt!
267.3
782.7
1.199.6
1.792.1
2,536.2
3.502.?
19'ti
19U2
4.720.
6,116.0
19''3
19UU
19l*5-jBmiary .
February.
March.
. .
ce:
•
1/
6,836.1
7.058.1
7.083.5
Appropriations by
Congress
InTestments
265.0
765.0
1.155.0
1.705.0
2.393.1
3.288.8
U.U19.3
2-3
17-7
IA.6
87.1
11*3.1
21U.1
301.5
Total
ezpendlt\ires
Old-age
benefit
payment s
for
5."*
19.3
35.1
99.5
209.8
i»7.5
Total
12.3
39.1
65.9
InTestIn General
ents
2,397.6
3,227.2
u,26s.3
fund
267.1
662-3
1.177.2
1.738.1
2,380.6
3.201.6
U.236.8
267.2
777.2
1,180.3
5.1*
19.3
138.6
275-6
Unexpended balance
Relmbureemant
administrative
ejperses 2/
1.7W.7
.1
.1
.1
1-9
3.0
d
6.1
10. ff
20.U
2U.5
36.1*
30.
359.1
93-'*
5.7U.5
tot.
669.6
5''3.7
126.0
5, 1*1*6.
it
5.1*08.9
6, 1*20.
815.5
671*. 3
11*1.2
6, 61(2.
1)15.8
1*15.8
-'37.2
1*23.5
862.3
693-7
716.5
11*3.5
6.659.9
6.020.6
6,220.9
6,221.2
5.953.8
5.953.8
6,153.8
23^.1
35.1
Dally Treasury Statements.
Less thou $50,000.
Includes transactions effected under the predecessor Old-Age Reserve
2/
officer's
account
113.0
5-2
7.0
16.1
1U5.8
In disbursing
21,
32.5
32.3
Account
Ifeder Section 201 (f) of the Social Security Act amendments of
1939.
Table 2«- Railroad Retirement Account
(Cumulative from organlcatlon - In millions of dollart)
Total
receipts
Appropriations
by Congress
Balance
Sbqpenditures
Receipt
End of flsCEd
year or month
Interest on
inveBtments
Benefit
payments
Unexpended balance
Total
InTeetmentt
In General
Tund
1936
1937
1938
1939
It6.6
1(6.6
li6.6
U6.6
11*7.9
11*6.5
26I1.8
268.
I9lt0
390.8
506.9
650-9
871-5
l.lUM.l
191*1
191*2
191*3
191111
19ll5-J3nuary.
Pebruary.
March ....
Source:
1.1*53.6
l.'*53.9
i.l*5l*.l
38U.9
U98.5
639.1*
85lt.2
1,116.9
1,1*25.7
1.1*25.7
1,1*25-7
11.6
17.3
27.2
u.o
79.8
185-6
298.7
U19.9
5U6.I
676.6
811.0
27.9
28.2
892.6
903.7
28.
916.1*
l-li
3-6
5-9
8.I1
U6.6
U2.6
68.1
82.7
92.1
87.0
lOU.S
it6.6
36-6
66.2
67-2
79.
178,
3I8,
561.0
550.1
537-7
512.0
500.0
U88.5
Dally Treasury Statements.
Less than $50,000.
Table 3.- Unemployment Trust Fund
6.0
.2
1.6
2.3
1.8
10.5
11.7
12.8
13-2
10-8
71*
91
333-0
1911.9
In disbursing
officer's account
1.6
U.l
1.1
i3.lt
35.S
35.8
13.2
35.
I3.U
l!i.3
May 1945
15
AppropriatlonB and Net Contract Authorizations for the War Activities Program^
As of March 31, 1945
Data
approved
Public
Uw
Mo.
Title of act
Approprlatlona
JJth Concrete, Flrat Seeeion
yell.
6, 19U1
Teb. 13, 19UI
Mar.
1, igiti
Har, 17, 19U1
Mar. 27, 19U1
*pr.
1, igUi
Apr.
5. 191*1
*pr. 5. 19U1
May
6, 19U1
Kay 23, 19111
May 2U, 19U1
May 31. igiti
Juno 28, 19ltl
June 28, 191*1
June 30, 19U1
July 1, 191*1
July 3, 19U1
*ug. 25, 19U1
5
6
9
13
23
25
28
29
1*8
71
73
83
135
136
139
ll*6
191*1
150
2U7
282
Nov. 19, 19U1
Doc. 17, 191*1
Dec. 23, I9U1
295
353
371
Oct. 28,
Joint Beiolution (emergency ship oonstructlon)
Joint Resolution (clothing and equipage - War Department)
Urgent Deficiency Appropriation Act, 19^1
Fourth Supplemental National Defense Appropriation Act, 19UI.,.,
Defease Aid Supplemental Appropriation Act, 19^^!
Tlrst Deficiency Appropriation Act. 19^*1
Independent Offices Approorlatlon Act, 19*^
Tlfth Supplemental National Defense Appropriation Act, ig**!
HaTy Department Appropriation Act, 19^
War Department Civil Appropriation Act, 19^2
Additional Urgent Deficiency Appropriation Act, I9UI
Treasury Department Appropriation Act, 19^2
Justice, State and Commerce Departments Appropriation Act, 19^2.
Interior Department AoDroprlatlon Act, 19^2
Military Appropriation Act, 19^+2
Labor - Federal Security Appropriation Act, 19^2
Second Deficiency Appropriation Act, igUl
First Supplementsl National Defense Appropriation Act, 19^*2
Second Supplemental National Defense Appropriation Act, 19U2t
(Title 1)
(Title II)
Defense Hlghtray Act of 19^1
Third Supplemental National Defense Appropriation Act, 19^2
Joint Resolution (War, Philippine relief, and defense housing)..
Total, 77th Congress, First Session
*
313,500,000
Het contract
•uthorl tat Ions 2/
Treasury Bulletin
16
Appropriations and Net Contract Authorizations for the War Activities Program ^
As of March 31, 1945 - (Continued)
Date
approred
PaMlc
Bet contract
authorliatlons 2/
ipproprlatlons
Title et aot
Lav Ko.
78th Cofl^eee, Second Seeelon
igw
lU,
Apr.
AfT.
1, I9UU
U. MUj
12. I9I1U
May
June
June
June
June
June
June
June
June
June
June
June
June
229
279
288
303
22. I9IA
26, I9UI*
27. 19IA
28, 191*1*
28, 19Wt
2S, 191*1*
28, 191*1*
28. 191*1*
28, 191*1*
28. 191*1*
30, 191*1*
30, 191*1*
June 30,
191*1*
Dec. 22,
191*1*
352
358
365
367
369
3(2
37I*
375
382
382
382
529
Joint Beeolutlon (farm la^or and migration of vorkera)
rirat Deficiency Appropriation ict, 19l*l*
Public Lav (Federal Vorke Agency - public roade)
Joint Reeolutlon (Labor Department - maternity and Infant care)
SaTal Appropriation Act, 19I*;
War Department Clrll Appropriation Act 191*5
Independent Offlcee Appropriation Act, 191*5
Departmenta of State, Juetlce and Commerce Appropriation Act, 19^5*..'
Department of Agriculture Appropriation Act 19^*5
Interior Department Appropriation Act .'191*5
National Var Agency Appropriation Act 191*5
Labor - Federal Security Appropriation Act , 19^
Kllltary Appropriation Act, 19U5
Second Deficiency Appropriation Act, 191*1*
Defence Aid Appropriation Act I9U5
United Nations Belief and Rehabilitation Adminiatratlon Participation
Appropriation Act, 19U5
Foreign Bconomlc Administration impropriation Act, 191*5
First Supplemental Appropriation Act, 191*5
$
Total. 78tb Congress, Second Session
Tet>.
J55.9i3.i79. 981*
31.359,200
170,221,080
$
1*0.000.000
30.000.000
6,700,000
27,569.798.301 2/
2.77't.931.''00
1,1*51,81*0
,
1.208. 168,571*
6,836.008,91*3
1*7,585,000
30,700,000
,
18,lllt.20O
1.030.937.21*3
.
2.500.000
218.611.829
15.U3U,8lU.79S
1.880.000,000 5/
186,266.521* 10/
3.1*50.570.000
,
1*50,000,000
19.750,000
60.000,000 5/
1*10.291.029 11/
<5.995.599.97't
79th Congrats. Firat Session
Mar. 31. 191*5
21*
Var Department Civil J^)propriatlon Act. 191*6
2.697,11*0
Pending 12/
Department of Agriculture Appropriation Bill 19U6
Independent Offices Appropriation Bill, 19U6
First Deficiency Appropriation Bill 19U5
Departments of State, Justice, and Commerce ^proprlatlon Bill. 19U6.
$
Total pending
$
,
13,636,1*72
56.803,000 13/
2,015,l*«l*,lU3 15/
.
31*,
$
-i*a,ooo.ooo
91,300.000
009, 500
2,119,933.115
1*3,300,000
Summary
76th Congress. Third Session 15/
77th Congress. First Session
77th Congress, Second Session
78th Congress. First Session
78th Congress. Second Session
79th Congress. First Session
Permanent appropriations end net transfers from other than var actlTltias
appropriations 16/
Total.
Total.
Total.
Total,
Total.
Total,
Total approved
Total pending, 79th Congress, First Session
Liquidations of 191*0 and prior contract authorisations
Total approTed and pending ^proprlat Ions and net contract authorisations 1/
1/
2/
^
U/
^
Consists of appropriations and net contract authorizations aTallable
on and after July 1. 191*0.
Szcludes:
(I) authorizations of the Reconstruction Finance Corporation and Its affiliates for war purposes,
and (2) unezpended balances of appropriations on June 30. 191*0 (except Immediately available funds from fiscal year 191*1 appropriations) available for ezpenditure In the fiscal year I9UI.
Contract authorisations havs been reduced by later appropriations
vhlch were earmarked In authorizing acts for this purpose.
Represents the net amount of contractual authority that the President may authorize the head of any department or agency of the Government to enter into for the procurement of defense articles, information, or services for the government of any country whose defense the President deems vital to the defense of the United States.
Includes $9,693,525,500 for the fiscal year 191*2.
Unappropriated contract authorisations for the naval exnansion program are as follows:
Date appn-ni
$
8,994,015, 828
••9.
396, 1*37, 1*50
139.736.203.988
105,916,1*92,33
55.913.179.981*
2,697.11*0
21*1*.
678. too. 000
2.356.000.000
3.327.99it.892
5.995.599. 97U
789, 106
360,203,815,816
2,119.933.115
»12.357.99't.866
1*3,300.000
-1*67,872,81*6
$361,855,876,085
$12, 1*01,
291*.
866
May 1945
17
Cash Income and
Out^
of the Treasury, by Major Classifications^
(In nllllons or dollars)
Treasury BtiUetin
18
GENERAL
FUND
OF
THE
TREASURY
.
.
.
May 1945
19
Assets of the General Fund of the Treasury
(In mllllonfl of dollars)
I^d of ftecal
year or month
Total
Special dBpoalts
account of sales
of QoTemnent
securities
(War Loan accoonte)
Sepoilte In
Federal Baeerve
Banks
Bullion, coin,
and currency
U8
1935
1936
1937
1938
1939
2, 016
1,01*1*
2.936
2,709
2,Ul9
3.087
865
1,863
827
igito
87I*
251*
igta
2,038
2,812
981*
l,02l*
191*2
3.'Ht3
19'*3
l9l*U
lO.iUg
20,775
897
911
820
603
1,038
19Ul*-March
17.270
April
May
June
1,191*
55
58
55
52
95
799
1.150
862
lUl
929
1,022
Other deposits
and oollectlone
6U9
611
776
1,1*H2
1,679
7,667
18,007
105
1U3
265
533
507
933
1,51*0
1U,306
U91
12,896
9.1UU
20,775
890
912
820
951*
10,51*6
506
91*2
6,766
18,007
52l*
1,1*1*2
22.513
18.277
15.753
807
877
838
1,269
1,215
September.
1,311*
19,850
15.693
13.013
587
U92
588
October.
November
December.
10,609
10,223
22,717
835
785
825
998
1,122
1,335
8,21*2
8.002
20,261
533
315
295
igUj-January.
February.
March
20,077
8O7
792
779
1,01*8
Jul7
Au^Bt
.
. .
.
.
.
.
Source:
17,73't
15.722
805
661
507
17,866
15.265
13.055
1,381*
1.51*7
357
292
31*1
D&lly Treaeuxy Statements.
Balance in the General Fund of the Treasury
(In millions of dollare)
Analysis of balance in the General Aind 1/
End of fiscal
year or month
Total
aaaete
2,016
2.936
2.709
Total
llabilltlOB
2,1*19
2l«8
2,038
2,812
19U0
175
25U
156
203
3,087
1935
1936
1937
1938
1939
11*7
Balance in the
Qeneral JanA
Working
balance
001
069
000
622
160
1,81*1
2,682
2,553
2,2l6
2,838
Increment
on gold
316
700
297
198
SI
W7
536
11*2
11*3
11*0
19U2
^Mi
179
452
191*3
10,11*9
61*3
191*1*
20,775
607
1,891
2,633
2,991
9.507
20,169
191«l*-March
17,270
661*
16,606
15,81*1*
619
lUl*
April
Kay
June
12,896
617
622
607
12,279
8,522
20,169
11,517
7,759
20.775
619
619
619
iWi
iWi
iw*
July
Au.^st
Septeaber.
22.513
18,277
15.753
588
605
635
21,921*
21,162
16,909
lUU
111,355
619
619
619
October. .
BoTember..
December.
10.609
10,223
22.717
6i«
9.227
9,0U0
21.U73
619
619
619
lUU
ua
9.990
9.803
22.236
20,077
1*71
1(20
16,551
15.722
1*115
19.606
17.313
15.277
18,81*3
17,731*
619
619
619
191*1
9.11*1*
.
.
191'5-Januar7.
.
.
February.
March
Source:
1/
usi
Dally Treasury StatSDenta.
In the fiscal years 1935 »nd I936, $91 millions and »55U millions,
rsspectlrely, vers transferred from Increment on gold to the workIn this stateing balance for retirement of national bank notes.
ment. boveTer, charges for retirement of national bank notes are
1.163
1.885
2,229
Seigjilora^
on silTer
5,71*4
19,1*06
19,1106
17.672
15.117
reflected
which the
amount of
as a part
585
605
61^
619
619
li»,5ll*
11*3
1*
11*1*
lUl*
IWt
lUli
lUl*
lUU
lUI*
lUU
directly against Incraaent oa gold In th^ years dtiring
retlreasnts were actually made.
Inactlre gold In the
$1,087 millions for the fiscal year 1937 Is considered
of the working balance.
.
.
.
Treasury Bulletin
20
Analysis of Change in Balance of General Fund of the Treasury
[ill
mllllona of dollars
- Net
Increaae or net decrease (-)]
Vorking balance
Chasee during fiscal
year or month
Total
change in
General
Fund
balance
Total
working
balance
General
and special
accounts
-7696/
1935
1936
1937
1938
1939
-128
-338
62?
19ltO
-9U7
gltO
-3.209
1,067 6/
-70
-377
537
-'t,550
-3.1'>9
-1.381*
-3.5'«
Public debt
accounts
Trust
accounts
y
1.739 1/
5.1*75 1/
2.71*61/
792 2/
3.280 1/
Miscellaneous
funds and
accounts
Checking
accounts of
Oovernsent
agencies.
y
etc.
5/
-111
1*0
201*
11
29
lUO
176
31"*
3U
19
90
90
-99
-51
-5
768
2,528
37
5.991*
23,1*61
6i*,27U
16
11
II
92
39
3"
-217
-3.625
21*1
-''9.595
6U,307
205
-1,952
1,608
-'t.327
-'•,327
-it.772
-3.757
-3.757
11.6U6
-5.3't2
-2.378
252
1.399
11*. 637
120
282
-355
U9
20
-l*,l*03
-2.5't9
f^
-2.19'*
ll»8
-997
722
3UI1
19'A
358
6.515
10,662
6,515
10,662
igltit-March
-2.5'*9
April
May
June
19'»3
Incrcaent
on gold
637
108
61*
-3.611
-5.103
-19.598
-55.897
19U1
19't8
Seigniorage
on silver
11.61(6
lU
-2,002
160
-87
51
-11*8
-170
1,756
-5. 9117
-5.551
-2.555
-a.ooit
7,570
1,229
-307
102
282
-3O8
223
-'t.252
-5.127
-188
-6.023
-5.587
-2.999
71*8
15,626
112
257
-282
130
December.
-5.157
-188
12.U33
l9U5-JanuaTy.
Pebniary.
March
-2,630
-2,292
-2.036
-2,630
-2,292
-2,036
-U.6U5
-3.693
1,778
1,300
-2.5ltO
21*2
July
Au^Bt.
•
.
.
September.
Octotter.
Noverater..
.
.
Source:
•
1/
2/
^
k/
5/
fa/
1.756
252
-2.555
-It.
12.1*33
Daily Treasury Statements.
Less than $500,000.
Excludes amounts for public
This Is the net budgetary deficit.
debt retirement which are chargeable to the sinking fund, etc.,
under special provisions of lav.
This represents the increase In the gross public debt, except as
(See footnote 7-)
noted.
Includes Federal Old-Age and Survivors Insurance Trust Tund, Unemployment Trust Fund. Railroad Retirement Account, Government Insurance and retirement funds and other trust funds.
Comprises Public Works Administration revolving fund and special
Also includes Office of Distribution (formerly
deposits (net).
Agricultural Marketing Administration) commodity food staiqi transactions.
Includes expenditures for retirement of national bank notes.
In the fiscal years 1935 and 1936. $91 millions and $55^ millions
l*.76l
2J
80
338
-138
U2
-25U
29
35
-95
311
71
253
-16U
21
76
-7
U07
were transferred from lncr«Dent on gold to the working balance for
In this statement, however,
retirement of national bank notes.
charges for retirement of national bank notes are reflected directly against increment on gold, in the years during which the
Inactive gold in the amount of
retirements were actually made.
$1,087 millions for the fiscal year 1937 is considered as a part
of the working balance general and special accounts for the pTXrpose of this table.
Expenditures for the retirement of national bank notes from increment on gold for the fiscal years 1935 ^° 1939 (as shown below)
are not reflected herein, but are reflected under increment on
gold as follows:
1935. $91 millions; 1936. $397 millions; 1937.
$99 millions; I938. $51 millions; and I939. $5 millions; total.
$6U5 millions.
The Increases in the public debt shown in the
table "Means of Financing Cash Requirements" for the above fiscal
years will not agree for the reason stated above.
May 1945
21
PUBLIC
OF
DEBT AND GUARANTEED OBLIGATIONS
THE UNITED STATES GOVERNMENT
.
c
e
.
.
5
Treasury Bulletin
22
Analysis of Issuance and Retirement of Public Debt
(In BlUlona of dolUrs)
Putollc
outBtandlnc
•nd of
d«1>t
Tltcal year
or Bonth
fiMa
yoar or
onth
Pabllc dflM receipts
(leauanoe of pohllo debt)
Net change
In public
Pohllo lanei
det>t
during
flaoal
year or
month
CertlflOfttaa
of In debt ednete. epeolal
Caeh
y
Mjiuted
errloe
•erlea 2/
bonde
>t.776
13
7.1*75
7
8
3.11*2
7l«
9.589
9.621
w.Wio
3.275
13.o«li
19l«
19IH
19l«
1>2,968
>*<,96l
2,528
13.166
7.191*
5.991*
23.1161
17.81*7
37.161*
10,1*62
19IA
igUU-March
61*. 271*
307
61*,
11*1
303
17.911
1
1
1*91
30.388
122,632 91*. 961
153.785 123.958
1
1*1*6
516
1.1*99
2.159
2.567
18.790
5.876
8,318
10,1*U
1,M2
131*
3peclftl
t.305
6,961*
209
523
567
5.165
5.301
2,978
1.751
2.67U
3.035
1/
2,812
2
13.126
2,6l»6
Certificates
of Indebtedness, special chan^es
series 2/
Caah
ohanget
6.96U
2.978
1.751
2.67U
3.035
1.6U8
5.078
19"i3
Special
laeuea
1.669
28,701
33.779
36.1«5
37.165
ll»,121
Public lisuee
Xzoeae
profit
tax refund
bond*
5.716
8.958
6.199
1935
1936
1937
1938
1939
IZ.kiz
136,696
201,003
Public debt expenditures
(Betlrement of public debt)
11,1*78
9.01*3
G.9U3
8,881
9.8O9
10.638
11.853
13.703
58.358
89.1*78
2.812
5.680
5.8I6
8.693
33.674
63,202
3.11*2
303
17.911
I191
l.Wl2
18.790
Issues
1,01*1
1.1*73
2,1U6
2.896
i*.iu
5.332
6.991*
715
1,608
10.355
8,019
38
1.91*6
350
8.71*6
6,789
1.91*6
11
April
18lt,967
203
186. 366
U7I
lit.637
10,070
6,301
13.199
U,903
1,618
201,003
5.192
5.613
a,iio6
U,903
1,618
June
10,322
7,700
27.837
21*
May
252
1.399
12
11
6,228
208, 57U
12,162
10,151
10,991
11,1*22
1*1*
l*,592
lt.570
8,922
11,298
6,1100
2,511
6,805
1*,581
9,822
11.597
27.178
6,092
10,928
22,762
32
71
51
9.073
6.836
11.552
5.571
6,651
6,931
3.1*92
7.630
7,169
6.879
7.782
1*6
5,801
6,077
8, 066
181*,
July
September.
209,1*96
7,570
1,229
-307
October. ..
HoTember.
December.
210,2ltl*
71*8
215,005
230,630
15,626
19145-JaHQary.,.
232,140s
Tebmaiy..
Harch
233.707
233.950
iu^st
.
209.802
..
lt.761
1.778
1,300
21*2
3U
37
it.lwi
5.920
5^
•
1/
3.U92
170
1*28
i*.150
ai*
1*07
5.852
i*,6i*9
z
10,7110
205
i*.lU7
Sally Tteastiry Statements.
Less than *500,000.
Excludes certificates of Indebtedness, special series.
Sonrcet
696
511
526
2.511
7.01*1*
12,01*0
12,1*71
1*36
6,391*
2/
12,229
6,971
22
11
11
11
170
l*,150
^^
i*,61*9
U,lU7
Consists of special series of certificates of Indebtedness iseued
directly and solely to federal Beeerre Sanke.
CompoBltlon of the Interest-Bearing Public Debt
Interest-bearlac public debt oatatandln^
(In Billions of dollars)
Percent of intoreet-bearlnc public debt
Pulillo lisuas
bi
of fiscal
ytKt or month
Marketable
Ionmarketable
Karkatable
Nonmarkatsible
y
1935
1936
1937
1938
1939
27,61*5
ll*,87l»
32.989
35.800
36.576
39.886
17.368
19I10
20.131*
22.0l*3
25.1*1*
Public iaauaa
Certificates
of
indebtedness
10,023
11,381
10.617
2.053
2.35'!
2,303
9,11*7
1,151*
7.21*3
1,308
U2.376
26,751
3.I6G
191*1
1*8.387
30,1*11
71.968
135.380
38.281
57,716
''.555
10,1*96
21,701*
6.383
5.698
6,689
9.l6e
191*1*
199.51*3
79.1*1«3
35.298
17,1*05
9.557
3,096
16.561
28.822
19l|l*>March
183,31*8
73.009
32,6l*«
l6,2l*U
9.u6
25,680
^rll
183.1*13
72.722
33,183
May
181*, 871*
33. 67"*
16,263
16,265
June
199.51*3
79 ',1(40
35.298
17.1t05
37.237
37.58U
38,028
38.355
39.018
October
NoTcmber ....
December. .
.
19l*5-Jaauary
Tebruary...
March
Soorcei
\J
U7
81.293
208,2^9
207,850
81.1*31
81,1*66
208,608
81.1*66
210,771*
81,298
91,781
207,
.
228,891
230,672
1*1,071*
1*1,858
231,851*
92,1*17
92,51*5
1*2,1*18
232,026
92.572
1*2,885
Bills
Marketable
Honmarketable
Marketable
Hon-
marketable
Certificates
of
indebtedness
Special
issues
1/
62
1.261
1,188
1.556
2.151
191*2
191*3
July
August
September.
Notes
%>aelal
isauea
3.015
7.1*95
9.092
9.050
9.557
25.306
25,266
28,822
18,067
18,067
17,936
10,000
10,030
30,035
30,001
29,573
17.936
17.936
23,039
9.075
9.990
23.039
23.039
18,588
9.121*
9.W3
29,5116
29.51*5
30,1*01
53.8
52.6
56.2
60.3
63.7
63.1
62.8
39.8
16.0
17.7
?•'
6.8
8.7
U.2
5
7.U
7.1
29.7
25.0
18.2
.2
3.8
3-2
3.3
36.3
31*.
6.1*
1,302
1.603
2.508
11,86U
6.120
7.885
10.871
ll*,73lt
111.287
100.0
100.0
100.0
100.0
100.0
13.11*7
13.507
100.0
39.8
17.8
8.9
5.0
lU.O
7.2
13.697
100.0
100.0
100.0
39.6
39.3
39.8
18.1
18.2
17.7
8.9
S.S
8.7
5.0
t.9
U.8
13.8
100.0
100.0
100.0
39.2
39.1
39.2
18.0
18.0
18.3
8.7
U.g
100.0
100.0
39.1
38.6
UO.l
18.1*
2.3
1.9
t.3
7.3
9.5
^•?
13.150
13,766
1*.775
llt,73l*
111,122
ll*,287
15.521*
ll*,96l
15,715
15,1*61
15,71*7
15,976
16,060
16,170
16,583
16,326
16,1105
16,1*28
9,861*
30,1*01
16,1|03
9,927
30,396
8,91*8
31*.
16,399
16,921
5W
626
1.558
2.67G
3.770
100.0
100.0
100.0
100.0
100.0
Iblly rreemry Statenents*
Commencing vlth March 19U^. figure* Include small amounts of matured
United States savings bonds - Series A which had not been redeemed.
16,688
17.130
17.567
100.
100.0
100.0
100.0
\i
ll*.6
1*2.6
1*0.1
39.9
39.9
18.
17.9
18.1
18.3
18.
15.1
11.8
3-1
lt.3
12.2
lli.U
3.3
3.5
8.8
7.1*
7.U
7.6
7.2
i
iJ:?
1U.5
11.3
12.6
11.0
8.0
7.2
7.5
1«.8
lU.I*
U.U
1U.2
7.6
7.7
8.6
8.5
10.1
U.l*
1U.2
lU.O
13.3
7.7
7.8
7.2
7.8
7.9
7.1
10.0
9.9
8.0
l*.3
13.2
13.1
14.9
7.1
7.1
7.3
7.2
U.7
1*.3
l*.3
3.9
7.'f
''•\
7.6
May 1945
23
Detailed Statement of the Public Debt and Guaranteed Obligations
of the United States Government
PART A
-
FISCAL YEARS, 1935-191(4
(In millions of dollaxs)
2"*
Detailed Statement of the Public Debt and Guaranteed Obligations
of the United States Government - (Continued)
PART A
- riBOAI.
XEARS, 1935-19lM-(aontlnue<l)
(In llllosi of dollari)
Treasury Bulletin
May 1945
25
Detailed Statement of the Public Debt and Guaranteed Obllgatlona
of the United States Government - (Continued)
FART B - MONTULX DATA-( Continued)
(Is
tlllont of dolUri)
Treasury Bulletin
26
INTEREST -BEARING PUBLIC DEBT AND GUARANTEED OBLIGATIONS
OF THE UNITED STATES GOVERNMENT
1935
36
-37
38
End
39
40
of Fitcal
'41
Y«ar
42
43
44
/
Mar
31
1945
1935
36
37
•
'38
End
39
40
of Fiscol
41
Yeor
42
43 44
'
Mar.
31.
1945
.
..
.
May 1945
27
Guaranteed Obligations Held by the Treasury
^
(In millions of doUart)
CooiDodlty
Xnd of f Ileal
year or month
Ted era!
Credit
Corporation
Total
farm Kortga^e
Corporation
Federal
Public Housing
Authority
Home Owners'
Loan
Corporation
3.655
19351936.
193719381939.
Tennessee
Valley
Authority
Reconstruction
Finance
Corporation
3.655
u,030
11.030
3.630
883
273
25
15
10
lOU
302
1I40
19UV
19m.
U.079
7.535
10.717
too
1.950
900
igUU-March.
10.325
April.
Kay...
June.
2U3
ao
263
20
85
27U
366
283
398
580
SMS
900
676
398
597
7.697
57
io,to3
10,626
10,717
900
900
900
697
371
366
398
398
398
603
607
580
7.7U9
8,291*
8,1*16
57
57
57
July
Auguit ....
September.
10,993
11.312
11,181
900
1,000
863
359
3U5
286
398
398
398
5119
8,730
518
1^3
8,991*
9.081*
57
57
57
October.
NoTember.
December.
11.312
II.U60
iLitgu
1.035
1.099
1.155
276
266
258
398
398
398
U68
U39
>420
9.078
9.201
9.206
57
57
57
19U5-Jaouary.
rebruary.
March
ll,50U
11.735
11,563
1.173
1.588
1.596
250
128
121
398
398
398
387
351
32U
9.239
9.213
9.067
57
57
57
19IH.
I9hz.
Source:
25
Ibily Treasury Statemente.
Leae than $500,000.
1/
52
7
20
57
551
2.531*
a2
5.033
57
57
57
Theae aecurltlee are not Included In preceding atatements of guaranteed obligations out standing.
Computed Interest Charge and Computed Interest Rate on the Public Debt and Guaranteed Obligations
of the United States Governinent
(Amounta in mlllione of dollara)
Aid of fiscal
year or month
Intereat-bearlng
debt outstanding
Confuted
annual
interest
charge
Confuted
annual rat a
of Interest
(Percent)
863
31.768
37.707
970
1*0,1*65
1.01*7
1*1,1*28
1,068
U5.336
1,11*9
191*0.
1*7.871*
191*1.
51*. 71*7
1,203
1,335
1,729
2.759
3.869
191*2.
76,517
19U3.
139,1*72
191*1*.
201,059
Interest-bearing
debt outstanding
Computed
annual
interest
charge
2.716
2-573
2.588
2.579
2.53U
27.61*5
8W
71.968
135.380
925
199.51*3
3,81*9
285
979
929
1.516
183,31*8
3.567
I.9U5
2.258
31*
1.522
1.91*8
2.258
1.529
1.516
3"*
20
20
I.U99
1.325
1.335
19
20
20
1.326
1.333
1.339
20
20
20
1.3'*7
20
16
16
1.369
I.S57
I.UJU
260
2.679
183,1*13
184, 87U
3.573
3.598
199.51*3
3.81*9
July
August
September.
208,585
1*,010
209,761*
1*,035
U,oit6
1.922
1.923
207.117
208,289
207,850
3.990
U,015
Source:
1/
U.K57
1*,U82
1*,U88
1.978
1.83U
1.861
1.968
1.335
,978
91*3
232,168
232,968
233. 1U5
2.052
109
117
85
81
20
925
February.
March
121
112
6,360
U,5U9
,91*1
191'5-Jaauapy.
i*.853
5.1*98
3,607
3,6l8
3.869
230,361
2.720
2.650
2.633
518
185,670
i»,lH3
112
125
123
2.583
186,1*03
i*,o6i
i*,093
U.123
It, 718
U,665
1,61*1*
April.
Hay...
June..
212,21*1*
(In millions of dollars)
2.715
2.562
2.582
2-589
2. 600
1.095
1,218
3,601
209.331
^harge
Computed
annual rate
of Interest
(percent)
1*2.376
1*8,387
2.51I*
2.1*38
185,606
210,088
Computed
annual
interest
92U
9U7
1.037
1.9I10
October.
NoToaber.
December.
Interest-bearing
debt outstanding
32,989
35,800
36.576
39,886
19l*lt-March.
201,059
Computed
annual rat e
of interest
(Percent)
(In millions of dollars)
(In millions of dollars)
193519361937.
19381939.
Guaranteed obligations 2/
Public debt 1/
Public debt and guaranteed obllgationa
1.933
i*,026
1-933
1.928
1.916
208,608
U.OUl
210,771*
228,891
it,073
i*.393
1.920
1.92U
1.925
230,672
231,851*
Ifclly Treasury Statements.
Treasury bills are Included in Intereet-bearing debt figures at face
amount, but for purposes of calculating the computed annxial interest
charge and the computed rate of intorsst, the discount ralue is used,
for the purposes of computing tha animal interest charge and rate of
232,026
2/
I.9U6
1.929
1.927
1.928
1.937
5.'*50
1»,092
1.U68
1.1*75
1,1*80
1,1*80
1.937
1.932
1.919
1,1*70
i*.>*37
1.921*
1.1*96
l*,l*72
1.926
1.927
l.llU
1,119
1,U70
2.1*98
1.355
1.367
interest on United States serines bonds. Series A-t are considered
to yield 3.901t per annia and Series T is considered to yield 2.53^.
Ouaranteed sscuritiss held by the Treasury, and securities guaranteed as to Interest only, are not included in this table.
Treasury Bulletin
28
statement of the Debt Poalticn of the United States Govenaent under LlBltatlons
laposed by Section 21 of the Second Liberty Bond Act, as anended
As of March 31. 104S
Iot4l fae* aaannt «hloh atj
Jao* aaont OQtttanlli«
u
'b*
ontstudlaf at maj on*
at Kareh 3^t
«!•
l2£o,000,aoo,000
IS**?!
IntarMt-tcarlaf ••eorltlMI
Bonds I
Tnunrr
9«Tli«< (utnrltr
nlu)
(92,376, e)»S,>)^
;2,031,7£l,TOO
l/.
DapotltuT
^8,932,000
idju«t«4 Sarrle*
717,067.70€
Io»«l bood •
»lU5 , 63I4, 1)03, S;6
TTMnuT notH
37,201, 1183,900
OartlfleatM of InAtModiiw*
Ul,9U£,O53,0OO
tnuoiT
UUa
(utnrltr nltw)
total IntarMt.baaring
16,920,689,000
MenrltlM
Iflkl, 702,629, 7;£
i
natural oMlgationa on »hloh lataraat ha* eaaaad.,
Dalt baarlnc no intaraatt
Ihiltat States aarlnga ataapa
Ixeaaa prof Ita tax rafnnd tenda
lf7iT(9>U9
,
(
189,I|09,182
67O, 1S6,063
total datt twarlac ao Intaraat
8!9.9£5.ll)5
total faoa aaonnt of aamrltlaa oatataadlas
total aaeaat of aothorliatloa uaoaad aa of Karoh 31,
1/
2'>2,T''9.9t0.1«fi
> 17, gO. 079. 87**
19)l5
i]>proxlaata aatnrltj Talna.
tha eorrent rada^itlon Tslna of Qnltad
Stataa aarlnga iMnda (axeapt Sarlaa ft vhleh la atatad at par)
aaoontad to i)K,iy),^12,Msg on Karch 31. 19<<5.
Reconciliation of the Debt Position under Section 21 of the Second Liberty Bond Act* as aoended.
With the Gross Pablle Debt of the Ualted States as shown In the Dally Treasory Statement
As of March 31, 1045
Oroaa pablle
daU ostataall^
Total faoa aoonnt of aaonrltlaa oatatandlng llaltad ^f Saotlon 21
of the Sacond lltertr Bond Aot. aa aaaidad
833, 9*19, ?g5. 101
$2>42,7ll9, 920,126
Unaarnad dlaooont on aa-rlnga tenda Cdlffaraaoa batvaan
aaturlty Taloa and onrrant radaaptlon Talna)
Xiaaai
9.872,289.271
»232,877.630,855
iddi
Saonrltlaa ontatandli^ aot avfcjaet to llaltatloa Tmdar Saotlon 21l
Intarast-baarin« accnrltlaa
Natnrad otUfatlooa an «hl«h Intaraat ba« saMal
SaM faring
no Intaraat
$
19S,82>t,7ll0
6,UlU,k3;
8'G9,7i;,071
1.071.9^,2'^
Oroaa
patUs datt ontatandlng
t233,9'l9,W.101
May 1945
29
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United States^
As of March 31, 1045
30
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United States 1/
As of March 31, 1945 - (Continued)
(In mlllione of dollere)
Taar
and
moath
Treasury Bulletin
May 1945
31
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United States^
As of March 31, 1945 - (Continued)
(In mlllloni of dollars)
Tear
and
month
Treasury BuUetin
32
Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
larlleat
date
on which
Bate
eubacrlptlOD
tarai of
offering
Deacrlptlon of aeurlty
'boofca
(Date of laaue
were
opened
announcvd
Period to BAturlty
!
abovn In parenthaaaa)
Anount leaned
laoont
of cash
comfierclal anhacrlpbankt
tloni
najr own
t endared
(Period to flrat call
In parentheaea)
ahon
y
reatricted
laauea 2/
In
exchange
for other
aacurltlea
Tor
caah
2/
(In Bllliana af dollar*)
Third War Loan Beourltles:
8/16/U3
IO/6/U3
g/l6/>.3
^
10/6/1.3
10/6/1*3
10/6/1*36/ IO/6/U3
ll/22/lt3
11/22/1*3
7/ait
C.rtlf lcat» -
lO/l/UU
2-1/2)1 Tr«a«. hond - I2/I5/6U-69 U/
2*
7/gjt
Tr..i. bond C.rtlfieat. -
9/15/51-53 5/
12/1/UU
Fourth War Loan aeourltlea:
11/22A3
1/2U/IA
3/2/lA
3/2/1*
3/2/UU
I/I8M
I/2U/W*
3/2/1*1.
3/2/1*1*
3/22/1(4
3/2/UU
3/22/UU
k/2k/Vi
U/2UAU
Traai. not*
.90*
2-1/2* Ir»«i. bond
2-l/U)t Tr«i. bond
1-1/2* Troai. nota
Cartincata
7/g*
Cartlfleata
7/8*
-
-
7/20/UU
8/21*/"*
8/2U/UU
9/20/lA
6/l2M<
7/20/UU
8/2U/UU
g/2U/UU
9/25/UU
2-1/2*
2*
1-1/U*
7/8*
7/8*
7/8*
1*
7/8*
Cartlfleata Traaa. nota Cartlfleata -
3/I/U5
3/15/65-70 U/
9/15/U8
(2/1/UU)
(2/1/UU)
(2/1/UU)
(3/15/UU)
U/lAs
(U/V*)
5/I/U5
(5/1/UU)
9/15/56-591/
10/23/W
ii/ao/UU<
11/nfVi
ii/ao/UU
ll/20/UU
11/17/Ul*
11/17/iA
11/17/iA
1/22/115
2/19/1*5
3/22/1*5
V19/U5
11/20/Ul*
11/20/V*
1/22/U5
2/19/U5
3/22/U5
U/19/U5
.90*
2-1/2*
2*
1-1/U*
7/8*
7/8*
7/S*
7/8*
Traaa. bond- 3/15/66-71
Traai. bond-12/15/52-5U
Traaa. aota- 9/15/U7
Cartlfleata- I2/I/U5
(2/1/UU)
(6/26/UU)
{6/26/UU)
(6/26/UU)
(8/l/UU)
(9/1/UU)
(11/1/Ul)
(10/1/UU)
(
)
1 yr
26 yr.a B
9
1
(21 yr,2
yr.U
)
5/
3.779
5.^57
U,122
3.779
5.257
U,122
3,779
5.257
U.122
5.391
9/15/53
Syr)
3.519
59
2.729
3.5U0
1,580
1.939
1.627
59
1,102
3.5UO
2.a2
2,212 1/
3,T28 7/
5,0U« }/
9/15/53
yr
(
7 yr.llB) 5/
5!
532
26 yr.l
15 yT.7
(21 yr.l a)
(12 yr.7 b)
9/15^S
lyp
1 yr.l
26 yr
15 yr,6 B
U yr,6 B
1 yr
1 yr
(21 yr) 8/
(12 yr.6B) «/
2,212
3.728
5,0U8
1/
3,728 1/
5.0Ug 1/
2,127
77
95
3.7U«
U,877
1.615
'^
9/15/
2,127
77
95
3.7U8
U.g77
1,615
25 yr, 9 «
10 yr
2 yT.9 B
11 B
(20 yr,9 b) 2/
(
2/1/5U
8yr)
2,909
5.K5
1,9U8
U.770
1 yr
1 yr
1 yr.6BlO/.
1 yr
2.909
5.«25
1.9US
U,770
2/
2/
2,909 1/
5.825 i/
1/
1/
1,9U8I/
U.770 2/
2,511
3,69U
788
3.U92
2.511
3.69U
788
3.U92
]_/
(12/1/UU)
(12/1/UU)
(12/1/UU)
(12/1/UU)
I/I/U6
(12/l/UU)
- 3/15/66-71 11/
C12/I/UU)
- 12/15/52-5U 11/. ... (12/l/UU)
- 9/I5/U7 ll/T7.
(12/l/UU)
Certificate2/l/U6
(2/1/U5)
Certificate 3/1/U6
(3/1/U5)
U/1/U6
Certificate(U/I/U5)
Certificate 5/I/U6
(5/I/U5)
Treaa.
Treas.
Treas.
Treas.
(21 !rr.3
1 yr
1/
8/1/U5
9/1/U5
3/15/U6 U/
10/I/U5
Sixth War Loan aeouritiea!
2-1/2*
2*
1-1/U*
7/8*
(2/1/UU)
(2/1/UU)
(g/l/UU)
Treai. bond- 3/15/65-70 U/
Treai. bond- 6/I5/S2-5U
Traai. not*- 3/I5/U7
Cartlfleata- 6/I/U5
Cartlfleata-
(IO/15/U3)
(9/15/U3)
(9/15/U3)
(12/I/U3)
26 jr. 3
10 JT
2/
2-1/2* TrMt. bond- 3/15/65-70
2-1/U^ iTMi. bond- 9/15/56-59
7/S)t
CTtlflcat.- 2/1/U5
rifth War Loan aeourltlea!
u/iuM
(9/15/U3)
(9/15/U3)
(9/I5/U3)
2-l/2i Tr»«». 1JOI1I1-12/15/6U-69
Tr««. bond- 9/15/51-53
2*
7/8)f
C»rtlflc«t»- 9/1/UU
9/9/U3'
note
bond
bond
note
26 yT.3 B
10 yr
(21 yr.3 b)
g yr)
(
12/1/5U
2 yr.9 B
1 yr
1 yr.l m
26 7T,3 B
(21 yr,3 b) 12/
10 yr
(
8 yr) 12/
2 yT,9 nl2/
1 yr
1
3.UU7
7.922
1.550
U.395
I/.
3.UU7
7.922
1,550
U,395
2/
1/
2/
2/
3.U16
3.U16
7U0
7U0
5.OU3
U,lU7
U,810 p
12/
5,oU3
U,lU7
U,810 p
12/
12/1/5U
yr
1 yr
1
3.UU7
7,922
1,550
U,395
yr
Seventh War Loan gecuritlee;
U/ll/US
5/1U/U5
2-1/2*
2-l/U*
l-l/a*
7/8*
Treae. bond- 6/I5/67-72.
Treas. bond- 6/15/59-62
Treas . bond-12/l5/50
Certificate-
6/1/U6
(6/l/l*5)
(6/I/U5)
(6/I/U5)
(6/I/U5)
27
17
5
1
yr
yr
yr.6
yr
Back FigtireB:
Jbr period Decemher 19U1 throng July 19^3. see "Treasury
Balletln" for Hovember I9UU, page 32.
Prellmlaary.
p
In the caae of the reopening of a previously offered security, the
1/
period to first call and to maturity are calculated from the date
Interest commences on the reopening.
2/ Bestrlcted Issues are those which commercial hanks (defined for this
purpose as banks which accept demand deposits) are not permitted to
acquire prior to a specified date, with two exceptions:
(l) concurrently with the Fourth. Fifth and Sixth War Loans, commercial baaka
were permitted to subscribe to the restricted issue offered In the
War Loan for limited iaTestraent of their aavln^ deposits; (2) commercial banks may temporarily acquire restricted issues through
foreclosure when such Issues have been used as collateral.
2/ Conaiflts of all public caah subscriptions and of subscriptions by
U. S. &avemfflent agencies and trust funda.
(22 yr)
(lUyr)
6/15/62
6/15/52
12/
1
kf
5/
6/
jj
8/
2/
10/
ll/
12/
13/
12/
12/
Beopeulng of previously offered security.
Interest commenced on October I5, 19^3Announcement of exchange offering was included in announcement of
Third War Loan, August 16, 19^*3.
Figures on amount of War Loan securities issued consist both of
amounts issued in connection with the DrlTe, and of amounts issued
concurrently with Drive to U. S. Oovemment agencies and trust funds
and to commercial banks.
Interest commenced on March 13* 19^'
Interest coamenced on June 26, 19^.
Interest commenced on September 15, 19^>
This is the same security that was offered In the Sixth War Loan.
Ixchangod as of December 15, 19UU and accrued Interest charged from
December 1 to December I5.
Amounts not yet available.
.
May 1945
33
DlBposition of Matured Marketable Issuee of Treasury Bonds, hiotes, and Certificates
of Indebtedness and Securities Guaranteed by the United States
Data of
rsfundlD^
for rxch«n£«
tranaAOtloD, or
of rotlrMBont
for cash
tranaactlon
Aaount of
Daoorlptloa of oadlad or aatnrlnc
—mritj
aturlBC
\J
or eallad
aaoorlty
ontatandlDg
(Data of laaua la ahovn la paranthaaaa)
Aaoont
for e«ah
ratlranant
Abo oat
azchaasad
Par«ant
arohangad
DaacrlptloB of aav
aaoarlty of farad
'
(b> allllaBa of dollara)
s/e/tS
9/15/1*3
Oartlfleata Ipaaa. nota -
7/g)t
\i
8/I/U3
(g/15/l«)
9/15/1*3
(b/15/l40)
lO/lS/Uj
3-l/M)t Tra«a. bond - 10/15/1*3-115
10/15/1*3
12/1/1»3
iz/iS/itS
-
3-i/ii)(
3/15/"*
3*
1*
3»
ma
WW
bond
-
-
STO nota
row twBd Tra»a. bondTra«a. nota Traaa. nota -
3-1/liJt
1*
3/1**
(ll/Z/UZ)
2.035
3.800
96
260
1.939
3.51*0
95
93
7/8*
7/8*
Oartlfleata Oartlfleata -
lO/l/Ul*
(12/l/lta)
(12fim8)
1*21
1*21
(2/1/J9)
(2/1/U3)
111*
2.ai
llU
8U
2.127
96
.90*
Traaa. nota -
3/1/1*5
80
(l*/l6/3lt)
296
1.223
n
3/15/1*1*
(11/1/39)
(6/15/39)
Si
i2l
IH3
270
l».T29
810
3.919
37*
lt.g77
1*0
1.615
93
98
99
90
9/15/UU.
6/15/Wt
(
5/1/31*)
Oartlfleata -
U/l/l*!*
(1*/15/1'3)
OartlfleataOartlfleataOartlfleata-
5/l/l*l»
(5/1/1*3)
(8/2/1*3)
(9/15/1*3)
3/1*^
1^
Iraaa. nota IraM. nota -
8/1/1*1*
g/l/*
1*,122
lt£g
3.691*
(1/31/1*1)
9/15/1*1*
(12/22/39)
635
283
33
98
918
130
788
3.519
27
3.H9Z
3.51*0
121*
3.1*16
99
96
(12/15/2U)
1.037
126
911
7/8*
7/8*
7/8*
7/8*
10/1/1*1*
7/8*
Oartlfleata-
10/1/1*1*
12/1/ltU
7/8)1
Oartlfleata -
12/1/1*1*
1|*
Traaa. bond - 12/15/1*1*.5U
Traaa. nota
5/1/1*5
8/1/1*5
9/1/1*5
7/8*
.90*
Oartlfleata
Traaa. nota
•
'
Traaa. bond
2*
2-1/2* Traaa. boal
(2/1/1*1*)
5,0l*«
1*00
i*.6l*9
(7/21/1*1)
1*12
17
395
92
96
Totala for axehanga tranaaotlon of t^iptf...
5.1t«0
U16
5.01*3
18
2/1/1*5
2/15/1*5
10/1/1*5
1/1/1*6
9/15/1*7
12/15/52-51*
3/15/66-712/
1 7/8*
Oartlfleata -
2/1/1*6
7/8*
Cartlfleato -
i/lM'
7/g*
7/8*
Certificate Certificate -
U/1A6
2,109
3/l/l*5
{zlxlVH)
2.127
3/U)(
3/15/1*5
3/15/1*5
(3/15/1*0)
(9/25/1*2)
1,606
l,5'«6
96
•
i*,l(51
301*
4,ll*7
93
U/1/I15
(U/l/Ul*)
1*.877
66
l*,glO
99
5/1/1*5
(5/1/1*1*)
1,615
Ireaa. note Treas .note l-l/Ujt Iroaa. note -
Totals for axehanga transaction of 3/l/l*5>
U/l/te
7/8*
5/1/1*5
7/gjl
Certificate Oertlflcato -
Tor 'period Secmber 19l*l tbrongh Jaljr 19l*3
Sreasury Bolletln" for Boraiiber 191*5, page 33,
Back Plgures:
p
3/15/1*6
92
Oartlfleata7/e<
1-1/8* COO nota
-
.9C(t
3/l/l<5
9/15/1*8
U/I/U5
Oartlfleata
Oartlfleata
Oartlfleata
Oartlfleata
l-l/ll* Traaa. aota
2/1/U5'
9/15/56-59
3/15/65-70
86
(10/15/1*3)
(12/1/1*3)
•
602
185
9/15/1*!*--
bond 2-1/2* Traaa. bond 1-1/2* Traaa. nota 2-l/»t* Traaa.
9«
78
2.5U
2.5%
81*
9/15/lt>»
Totala for airharga tranaaotlon of
12/15/Ult
12/1/1*1*
83
5.251
1.655
- 12/15/611-69
9/15/51-53
t
5/i/i*i*-52
7/g)l
7/8*
76
705
lt/15/ltlt-«6
(7/3/W)
7/g*
7/811
19
130
12
95
835
571
779
1.519
(3/15/31*)
(5/15/31*)
I1/I5/UU
Totala for azehanga tranaactlon of 3/15/Ult.
U/l/UU
5/1/1*
g/l/Wt
9/1/1*
8/1/1*1*
83
yi5/Ul*Jt9
-
Oartlfleata
1,161
3/i5/ui*-6i*
liond
T/Bi
239
2/1/1*1*
7/g*
97
1,1*01
2/1/1*1*
Cartlfloata -
l-3/g)t rpH* nota
1.556
(IO/15/33)
Oortlfloata - Wl'i.l^'i
Cartiflcata - 12/1/1*3
iiti
l-l/g< Iroaa. nota - 12/15/1*3
2/l/ltU
53
279
2-1/2* Traaa. bond
Traaa. bond
2*
7/8jt
2/l/UU
1.609
279
PrellalnarT'.
•«
•
1*93
V
±
1/
2/
2/
7
V
Original call and aatarlty dates are nsed.
Hot sff-allable to comercial ban^.
Aaonnts not 7«t srallable.
5/l/''«
3'+'
Treasury Bulletin
Offerings and Maturities of Treasury Bills
Table 1.- Description of Treasury Bill Offerings and Amount of Maturities
(Ajsoonts In Ailllone of dollars)
Sate of
lean*
May 1945
35
Offerings and Maturities of Treasury Bills - (Continued)
Table 2.- Prices and Rates of Treasury Bill Offerings
Totsl klda aoasptad
IM*
of
CoBpstltlT*
ATera«*
prlo6
par faoiidrsd
aocsfitad
Law
XlJDlTalSIlt
•rarac*
rmte 1/
Prlo*
per
tanndzvA
19UU-Mar.
Mar.
Mda
Bl^
PrlM
rata
1/
B^Talaat
jar
rats
.
.
.
.
.
8
7
2
.
.
U
7
1
2
9
2
2
U
6
7
Treasury Bulletin
36
Sales and Redemptions of United States Savings Bonds
Table 1.- Summary of Sales and Redemptions, by Series
(In mllllone of dollere)
Hatnrltles and redSBptlons
Sales
TlBcal year
or BOBtb
Amonnt
outetandlne
end of
fiscal Tear
or Bonth l/
Net change
iorlag
fiscal year
or month
Total
Sales to
Isvestors
other than
coflnerclal
Sales to
coBiarcl&l
tanks
Aecroal
of
redenptlon
Talnes
Original
purchase
price 2/
tanks
All series 2/
1935.
1936.
19371938.
1939.
igiio.
•t*2.0
62.0
316.1
799.6
1.237.7
1,868.1
2,90it.7
U,3llt.o
191*1.
25l*.l
•»»t83.5
.5
•*38.0
630.5
1,1*92.1*
5.87'*.
+11.068.0
+13.350.0
5.99^.1
11,788.7
i
I
1,108.7
+1,
,109.3
21.256.2
3it, 606.1
6A.5
1,1
,036.6
10, 188.
19U2.
62.6
29*.0
512.6
1.2
7.2
17.1
28.0
1*2.1
15.1*97.7
11,788.7
15.139.5
358.1
65.0
S7.5
127.6
223.2
1,1*92.1*
5.99'*.l
.5
11.2
36.2
66.6
82.0
11.1
65.6
80.0
3
110.8
lll8.1
11*2.8
111*.
207.1*
200.9
M.3
*1.3
2.370.9
2.357.8
19Vl-Harch.
31.973.8
1*58.6
709.1
705.0
i*.l
17.6
268.1
266.8
^11.
32,1*96.8
523.0
737.0
237.1
32.987.0
3U,6o6.l
1*90.2
+1,619.2
71*8.1*
1.5
2.2
a.
Maf...
Jane..
73«.5
750.6
235.8
277.2
1,8>*2.2
1.765.1*
76.8
2l*.5
21*7.6
21*6.1
July
iUgUBt ....
September.
36.537.8
36,883.5
37,323.3
2,125.1
2,089.0
600.0
691.1
36.1
2.U
1.0
33.5
21.9
30.7
226.9
278.7
253.0
225.1*
October.
37.6IA.7
38.308.2
321.1*
+663.6
23.7
December.
2,052.6
385.8
26.9
22.6
32.0
lK)0.6
023.1*
ltO.360.8
69U.U
999.7
2,353.5
.6
IFoTember.
398.2
380.0
5/
UI.1UO.3
Ul.698.2
U2.159.5
*779.5
1,071*.
8>tS.O
1,071*.
8>*8.0
62.0
316.1
799.6
1,237.7
1.868.1
62.0
l^k^amiBXT'
.
Tebmary.
March.
.
.
602.
692.1
695.0
32.1*
J8.9
382.1*
365.3
276.9
281.2
U6.7
33.0
36.0
323.1
U63.8
.5
•5
1.2
7.2
17.1
28.0
11.2
36.2
66.6
82.0
11.1
1*2.1
111*. 3
110.8
65.0
85.9
92.0
96.0
11*7-5
ll*2.2
132.7
88.2
79.3
126.2
81.8
71.7
7.2
6.5
5.9
6.5
5.3
5.8
8.2
6.5
7.3
6.3
IU.7
8.1
7.5
6.8
6.6
5.5
+1.0
-.9
6.7
1.7
\l
n
+7.0
1U.9
8.3
7.7
889.
889.1
3II.I*
5/
Series i-S 6/
1935.
1936.
1937.
1938.
1939.
+25U.1
62.6
29*.0
•^3.5
12.6
+1*38.0
7.5
m.
+630.5
68U.5
+1,036.6
1.108.
828.0
828.0
.8
.1
.1
.8
.1
.1
191*0.
2,901*.
191*1.
3.650.2
3.60U.2
3,608.0
+7%.5
191*2.
19*!
3,62l*.8
16.8
19ltl*-Marcb.
3.62l*.9
+.7
^irll.
Mar...
Jane.
i
3,62l*.8
-1*6.1
+3.8
3. 621*.
-1.9
+1.9
3.632.7
7.9
3,63>*.2
+1.6
+2.0
3,622.9
July
ingust. .
Septeaber.
3,636.2
October.
VoT saber.
Becenber,
3,637.2
3.636.3
3,638.0
19l*5-Jamai7.
Tebruary.
March....
3.61*5.0
3.61*7.3
.
,
3.629.1 ll
+2.3
-18.2
i
65.6
80.0
6.5
S.8
6.0
li
5.0
6.7
5/
8.0
6.0
25.9 1/
5/
Series I 2/ S/
+203.1
3.'t«7.7
+7,615.8
+9.838.2
203.1
3.526.3
8,271.3
11,819.7
203.1
3.526.3
8,271.3
1.5
33.1
U.819.7
118.1*
I9.I85.8
+3l|l*,i
575.8
575.8
19.592.8
19.97?
9.979.5
1,12**.
21,
»107.0
+385.7
1,11*5.3
22.632.3
22,898.9
23,256.9
+1.507.5
+266.6
+357.9
igits
203.1
3.670.8
11.286.6
igitfi. !..'...
21, 121*.
19l*l*-Mareh.
19)H
April.
May...
June.
JnljT
ingust. .
SeptsBber.
.
October..
BoTeaber.
Ssceaber.
19l*5-January.
February.
March
23.501.7
23,970.8
+2111*.
1*69.0
25,5l't.5
+1,51*3.8
26,01*1.9
26,1*28.0
+527.1*
26,760.2 ll
332.2
+386.1
9.7
60.0
688.6
2.099.9
21*1.
ll*.2
212.9
60.0
688.0
2,091*.
21*0.8
212.2
12.1
21*9.7
2>*8.8
l,3't9.8
1,31*9.8
15.2
a9.7
a8.9
1,686.5
1,686.5
1*99.1*
1*99.1*
590.8
590.8
17.3
13.0
21.9
196.3
2^5.7
25».7
253.7
598.6
8O6.8
1,855.3
598.6
eo6.8
1.855.3
18.9
15.8
22.2
372.5
353.6
333.7
370.9
351.9
332.0
803-8
653.2
712.1
803.8
653.2
712.1
29.1*
23.1*
305.9
290.^
30l*.i
26.5
1*06.1*1/
1*03.9
t^
(Oontlnaed on following page)
288.8
a
2
.
.
.
.
.
.
9
May 1945
37
Sales and Redemptions of United States Savings Bonds
Table 1.- Summary of Sales and Redemptions, by Series
(In
(Continued)
-
BlUlonB of dollars)
Maturities and redflnptione
Sales
Amount
Placal year
or mouth
(Continued)
-
out B tan ding
end of
fiscal yBar
or month 1/
Bet change
daring
fiscal year
or month
AoctomI
Total
Sales to
Inveetors
other than
cocmerclal
of
Sales to
couercial
redasptlon
values
Total
'banJcB
Original
parchase
price 2/
Inttreit
aoorued
2/
hanlcf
Series ? i/ 2/
66.6
Uqg.g
ISWl
ISUZ
66.6
66.7
66.7
U3U.9
757.9
691.2
U3lt.9
l.ws. 3
.2
2.9
2.9
17.0
57-7
17-0
6.6
I9IA
'95-7
i.S'
+753-'*
757.9
802.2
111.0
2-5
8.8
l^MMterch
1,860.6
+17.0
22.9
21-7
1-3
.7
6.6
1.875-8
1,885.9
1.995.7
+15.2
+10.0
+109.8
19-3
15-3
115.1
19.1
1U.6
89.1
.2
-9
5.0
.7
26.0
1.0
1.1
101.1
17.8
88.3
17.0
15.8
12.8
1-5
H
U
April
Hay
June
July
August.
September.
2, 091.
95 -5
2,102.3
2,113.3
+11.0
+11.0
October
November
December.
2.121.5
2,158.5
2,277-6
+8.2
+37.1
+119.1
19^5-Jannar7.
February.
2,3lU.6
2,338.0
2,357-3
+37.0
23-'*
+19.2
.
.
.
.
.
.
March
16.0
.8
6.3
.1
.1
1.1*
8.3
10.6
13-7
U2.7
\:l
121*. 7
iiit.i
1(2.0
1*2.0
2.1*
30.7
26.5
30.7
26.5
1.3
1.8
Serlee
6.8
6.9
7.0
57-"*
6.2
e.u
6.3
6.7
'!/
^•^
8.6
9-1
if
5/
.1
.1
5/
i
5/
i/ 2/
I9U1
igUa
39^*.
.0
+39l*.0
39"*. 6
39'».6
.5
-5
.i*ii*.:
2,i*lU.3
+2,020.3
ijiw
+2,7'*l-6
2,032.1
2.759-5
2,628.5
11.8
+2,701*.
2,032.1
2,759-5
2,875.6
11.8
5.119.2
7,860.8
2U7.I
13't.o
I
5"*.
5
131*.
igUU-Harch
7.302."*
+96.8
110.3
107-6
2.8
13.5
13.5
April
Hay
June
7.1*03-3
7.1*98-7
+100.8
$5.'*
+362.1
113.5
111.1
377-3
112.2
109.6
326.5
1-3
1-5
50-7
12.7
15-7
15-1
12.7
15-7
15.1
+320.8
+66.5
+68.9
337-5
85-3
85-3
3ii*.2
23.3
1.6
16.7
18.8
16.U
16.7
18.8
I6.U
82.8
173-9
82.1*
.k
158.5
1*05-9
38l*.l
15-U
21.8
15.5
15-5
17-9
15.5
15-5
17-9
228.3
I6U.I
150.5
228.3
I6U.I
150.5
20.1
18.0
20.1
18.0
22.1*
22.1*
7.860.8
July
August. .
September.
8.181.6
October.
8, 381*.
.
8,21*8.1
8.317.0
TTovember .
8,51*2.6
December.
8,930.6
+67.3
+158-3
+388.0
9.138.8
9,28U.9
+11*6.1
.
1945-Jaiiuary...
lebmary..
Karch
Source:
i
!*/
W
9,1*12.9
208.2
+128.0
Daily Treasury Stateoents.
Rerlaed.
Lees than $^0,000.
At current redemption values except Series 0, which is stated at par.
Istimated, except for Series Q.
Tor details concerning laTestment yields and redemption ralues, see
page A^.
Connerclal bank purchases were permitted prior to April 1, 19^i
and are estimated to have aggregated about $300 millions.
Kot yet available.
Series A-D. sold between Harch 1935 ao^ April 19^1, are 10 year
discount bonds sold at f^ of maturity value, yielding 2.90ii per
annua if held to maturity; purchases were limited to f7>^00 Ismie
price in any calendar year and from April 1, 19^* could be made
only by individuals. Series A bonds began to mature In Harch 19^*
Tor Information on the approximate monthly distribution of matorlties during 19U^5 see "Treasury Bulletin" for March I9U5, page i^2.
The small amounta of matured bonds iriilch have not been redeemed remain In the amount outstanding.
There were $71.2 millions of Series A-D and S savings bonds redeemed
throu^ Harch 3I, I9U5 which had not been identified hy series. Tor
parposes of this table, it has bean assuosd that all of these were
Series > bonds.
.8
Sj
2/
Series 1, on sale since May 1, 19^1. is a lOyear discount bond
sold at 75?t of maturity value, yielding 2,90)f per anmsD if held
to maturity; pirchases are limited to $3*730 issue price In say
calendar year and may be made only by Individuals.
Series T is a
Series T and Q have been on sale since May 1, I9U1.
12 year discount bond sold at 1^ of maturity value, yielding 2 + 53)^
is a 12 year currant inper anjmm if held to maturity. Series
eome bond, sold at par, bearing Interest at the rate of 2-l/2^ per
annum, redeemable at par on maturity or at stated prices less thaa
par before maturity. Purchases of Series T and 13 combined in any
one calendar year are limited to $100,000 issue price ($30,000 la
calendar year I9U1). During the calendar year 19^ commercial
bonds under certain
banks were permitted to purchase Series T and
conditions. Limitations on such purchases for the period January 1,
igl*U throng Bovember 19, I9UI+. were described in the "Treasury Bulletin' for December 19^, page ^S, footnote 9. The limitation on
comoerclal bank purchases for the period Hovsnber 20, 19^ through
Daoeober 31. I9U4 was $100,000 providing that total holdings of
Treasury bonds of 1952-51*. and 2-l/2^
Series T and
bonds,
Treasury bonds of 1966-71 did not exceed 10^ of the combined sMonnt
of time certlflcatee of deposit of individuals and non-profit corporations or associations and of savings deposits, or $500,000*
whichever was less.
^
7
. . .
.
. . •
.
.
U
3
Treasury Balletitt
3«
Sales and Redemptions of United States Savings Bonds
(Continued)
-
Table 2.- Total Sales by Series, Classified by Denominations
Percentage dietrllmtlon of aalea
Sales in mllllont of dollara at Iibq* price
nwal
year
or Bontb
Total
Denomination
all
denomlnatlona
«10
«25
$50
$100
«5.«»
tl.OOO
$500
tio.ooo
i/
Total
all
danoBiaatleae
Denomination
»10
»25
50
tioo
»500
tl.OOO
iS.aw
$10,000
19.8
18.1*
57.U
28.1*
21.1
22.1*
i«.7
20.3
Ul*.2
38.7
Serlei 1
igw
iS^}
19UI1
575.8
July
Au^et
102.9
125-3
29.7
605.7
62U.3
iprll
May
June
27t.3
291.3
305.9
106.7
110.8
1)02.2
17'».2
107.6
111.2
309.0
140.3
1.3'*9.8
19UU-Marcb
526.5
2><8.8
.686.
.
.
"•99.
.
U.
221.
e
216.U
35.6
233-'t
108.8
165.5
U57.6
36.6
8U.5
288.3
12U.7
112.0
122.5
153-5
118.2
127.5
77.3
50.8
5U.1
590.
.1
277.1
106.3
October...
BoTember.
December.
598.
806.
9.e
281.9
109.3
126.3
.855.
803.8
653.2
712.1
2
6.1
6.0
U.7
7
7
296,
269.
301,
39.9
186.9
38U.1
95-9
107.6
89
September.
19U5-January.
Pebniary.
March
100.0
100.0
100.0
100.0
6.5
9.7
13-1
13-9
20.1*
17.5
36.1
35-1
23.0
20.7
21.9
20.0
18.1
12.2
11.8
U6.0
31.7
17-9
17.3
1*3.6
100.0
1.7.6
17.9
21.7
5-2
7.6
59.9
56.U
277.5
100.0
100.0
100.0
1*8.1
32.6
12.9
17.7
17.8
21.6
6.7
1*9.0
17.6
17.8
13.0
9-9
9.0
19.9
309.2
51.7
59.5
100.0
100.0
100.0
2
22.8
19.2
18.2
12.8
18.1
7.1
1I6.9
1U.8
18.0
18.0
10.
10.1
52.3
12U.3
100.0
100.0
100.0
1.6
it7.1
18.
.6
15.7
12.6
18.2
20.5
2U.7
6.1
10.5
15.5
15.1.
3
37.3
25.2
100.0
100.0
100.0
.7
.7
36.9
1*1.2
1.1
1*2.3
15.5
17.1
17.2
19.1
18.1
17-9
4.6
7.8
7.6
18.2
15.1
13.9
lU.U
Ul.U
110.7
93-'»
13-3
3U1.5
615.6
812.
636.9 1,119-5
2.988.2 1,081.0 1,713.8 1.007.3 1.1«1.0
U,lU9.1 1,6142.5 2.583-5 1.396.9 2.OU7.8
203.1
3.526.3
8.271.3
II.8I9.7
2/.
19112...
llO.U
1102.3
11*6.1
98.3
99.0
7-1
S'.i
u
•
6.1*
6.8
8.7
21.7
Sariee f
I9UI 2/
13^ 1/
I9U3
19¥»
66.7
l*3l*.9
757.9
802.2
19lt4-Marcta
22.9
iprll
May
June
19.3
15-3
115.1
July
Aneuit
September
.
101.1
17.8
16.0
October.
13-7
fioTember
1*2-7
.
.9
1-3
U.O
5.6
19.6
2U.8
2U.9
1.1
1*0.9
13.2
123.6
210.1
213.3
12.3
91-7
170.2
162.7
38.3
171.1
308.3
35U-8
100.0
100.0
100.0
100.0
1-5
6.6
it-5
8-9
100.0
2.0
27-5
1*0.6
1.2
1.0
3.9
6-9
'•.7
l*.9
28.5
2U.2
II
29.9
5-8
5-3
22.3
3-7
3-5
5.0
12.7
39.8
3.2
9.7
28.8
9.2
6.8
5-1
U.9
3.0
5-7
•9
.8
•
7
-9
2-3
7.5
December.
12U.7
1-3
"-3
19U5-January
Vebruary.
March
1*2.0
1.1*
30.7
26.5
.9
1-9
1.3
.9
1.2
.
6.1
•9
.8
2.8
6.3
6.0
Series
39U-6
2,032.1
2,759.5
2,875-6
I9UI 2/.
191*2
191*3- -•191*1*....
19l*l*-March.
April.
May...
Jmie.
July
Au^it.
...
Septeaber.
October.
VoTeaber.
December.
.
19l*5-January.
..
Tebruary.
March
100.0
100.0
100.0
u
100.0
100.0
100.0
lio'
U3-1
100.0
100.0
100.0
39.lt
22.1*
16.9
13.2
100.0
100.0
100.0
1-3
-3
l»-5
5
7
3-3
li
31
5-1
27-7
26.6
1-5
5.0
6.1*
28.8
19.6
1-1*
k.6
1.6
5-3
2-5
6.2
6.8
31-5
30.6
2U.8
20.1*
19.6
21.0
^!9
29.6
22.0
21.0
21.8
39.0
32.9
30.1
36.9
29.7
31.9
23.1*
25.8
38.2
3U.6
21.8
20.5
22.9
16.1
16.5
18.6
•
.6
1*.2
l.U
1.2
«».7
5-6
7-5
8.8
1.6
5-l»
6.9
.8
•9
3-1
3-5
6.0
-9
3.'*
l*.6
.7
2.9
3-3
1*.2
.8
1.0
it.5
32-1*
33.U
22.8
23-1
39-1*
53-2
55-2
1*9.7
.
.
.
May 1945
39
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 3.- Sales, by Series, to Investors Other than Commercial Banks, Classified by States
FART A - SERIES E
(Id tbouMndi of dollari at latu* prlcae)
Tlicfti 7«ar
l^Wt
19Ut
tUr.
ipr.
•tay
91.272
139. 180
1*2,252
52.76U
7"*,
176
7.111
2,098
3.037
8.107
2.096
3.718
11*. 31*3
27.81*6
5.699
2.075
2.879
970. Uli*
115.970
55.636
90.226
220.926
3.86U
10.620
12,1*08
27.609
135.069
1U2.682
i.57t
5.U83
8,127
1.383
7.69U
7.856
191*3
19'*5
July
tag-
5,053
'*.353
8.91*7
25,560
7.763
10.699
2,351
53.933
',357
13.097
96.211
10.011
23.139
163.598
13.620
33.522
1*1,301*
56.1*1*7
3.725
51,600
3.053
53.796
5,503
153.1*60
2,809
10,316
'12.269
12,11*0
ll*,680
29,1*80
1.391
7.871
8.526
3.177
13.991
3,610
23.267
2U,986
1,3 82
1.556
1.51*1*
7.877
22,961
22.799
11.1*96
5.8U9
1.753
7.939
7.085
2.091
8.61*8
1.572
7.706
8,326
i*,oU5
l*,£ii
126
16.OU6
6.669
9.251
7.71*2
9.59U
2,310
50.668
25.513
8.705
IU.II5
2,002
67,82U
9,157
1.581
8,812
1.711
118.1*56
51.071*
51.11*3
1*1*. 675
50.216
28,277
2U,030
16,376
11.727
20,821*
10,175
9.167
19.239
11.169
11.658
9.8O5
11.120
3.956
7.081
8.085
2,991
9.720
9.630
20.936
10.019
53.991*
13.012
32.585
Sfpt.
Mar.
f
Alabaiu
Arliona
ArkAAtat
California
Colorado
Connacticut
638,877
6?, 132
l6g,2^
Dalavare
21,82U
Cist, of Columtila
83, lU
11.3
89 U96
Florida
3.91't
111.392
Georgia
Idalw
Illlnoli
lt5.933
6.952
7.880
8,1*03
ll*,232
27.e>t5
1*0.230
1.935
755.362
1.121*
1*0.050
1.1*11
575.056
1*3.782
1*2,31*0
5.159
76.625
Indiana
Iowa
Xanoai
213.813
176,508
106,190
263.1*1*5
19.232
9.773
6,61*6
19.661
8.877
7.202
E«ntuclE7
87.607
Louiaiana
Maine
6.532
7.657
313.59't
15.538
9.538
7.257
9't.910
127.956
lUl.106
5.089
6.096
37.361
5't.99'»
2.5'»5
2.1*18
3.029
108, 60U
Maryland
163.077
7,289
15.692
33.961
8,631*
20,881
33.122
10.170
2.807
9.592
3.087
12,01*3
12,33'*
1,689
U.706
567
2,121
Michigan
1*81,637
152.566
390.986
688.159
Mlnneaota
Miiilaaippi
Mlaaonrl
179.108
52.870
195.868
2U9.962
82,588
283.681
Maaaactauaetta.
.
.
Montana
Hetraika
VeTada
280,091
39.'t32
.
2.225
6.713
«50
2,827
36.712
1.685
1.U78
25.705
I.809
1.952
27.755
1.761
129.977
15.650
2.6U1
78.972
9.009
1.925
85.077
9.560
2.151
16.252
7.U75
.51*2
l«U.5i*l*
19. 881*
6,220
7.112
8Ul
8,680
25,889
5.7'*'*
l,9'*o
1.290
3.6U1
1.856
21,21*6
l*.>tl8
2.089
3.655
2,756
1*93
576
5U8
3.017
6,529
1.569
67.591*
1.071*
21.01*6
1.09I*
1.812
1*1*,085
22.7'*'*
21*. 1*65
1.075
1.912
U.7U7
627
7.830
16.098
1.323
1.623
23.752
1.092
3.327
U.65O
127.955
lU,021
7.970
2111,362
25,031*
9.822
999
106,31*3
35.01*0
22.290
28.058
'i.5'*7
6,91*0
71.091
15.551
16,571
91.1*58
5.790
7.912
626, 051
857,1*00
53.7'i8
60,858
76.058
1*5,018
2,261*
1.1*68
5.987
70.067
7.195
1.315
71.31*2
70.01*5
7.880
1.755
7.8I5
U,718
215.168
27.985
37,527
5,906
7.579
1*2,132
'1.855
UU.286
9.556
5.937
7.106
8,1*86
126.273
10,286
39.06«
1*7,888
ii9.5'*5
59.677
2.1*17
3.725
13.1*52
2.1*87
»*.957
5,21*0
'*.558
uiosU
8.22I*
1.182
5.316
16,019
l.'*95
805
3.1*60
3.55'*
3.763
3.938
1.589
1.625
7.533
22.255
1.60U
7.982
20,791
7.386
13.852
23.957
63.'*55
711.871
6.207
8.91*1*
995
20,696
33,21*2
llt,175
lU5,lt59
<-*6,357
1,601*
18,819
61*5
'in
2,516
918
1.91*7
9.080
3.164
189. 563
7.118
9.828
IO.26I*
18,927
3'*.789
163.921*
257.729
92.197
11.280
13,891*
U,li09
21*8.280
10.129
878
13.799
5.977
10,768
27.579
9.589
172.650
17.313
H.989
11.089
38,856
15.369
1*1*. 158
Alaaka
7.397
Canal Zone
Savali
Puerto Elco
Tlrgln lalanda. ..
Other poeeeieione
't.338
61,066
5.l«2
203
6.960
7.135
58.310
8.931
Uajdlooatad
63,621*
91*1
1.01*9
317
528
333
i*,oo6
l*.9llO
'•.795
2. 1*35
1*09
'I?
598
u
29
6
UU5
10
2
58.1*95
"•3
1*2
225.856 29.09U IU.052
1*85
869
657
5.050
903
15
5.117
1,1*2U
2,899
157
538
1,1*85.
2.1*25
61. 801
1*6,1*02
28.701*
2,251*
i'*.0O3
2U,967
2.055
11*7.296
90.737
5.566
656
17.661*
PenneylTania
Rhode leland
South Carolina.
Total
3.073
8.985
799
2,12>t
'*.937
17.71*7
6,8o6
AdJuetBent to
Dally Treaaury
Stateaent
11.11*7
5.51*8
1|,068
159.752
23.769
9.896
3.895
13.UU9
ll*,2llt
107 .671*
VroBlng
.000
15.0
2.296
12.696
1*3.338
tfieconein
38.1*20
1*2.1*22
39.912
5.395
7.6U3
583
1*5.602
IU.56U
39.378
61*.
97.629
10.71*1*
71 '•.177
135.261*
'Vaahington
Wait Virginia
23.1*28
'9.H31
506,561*
8a.ll*3
Dtah
T»r»ont
Tirglnla
9.272
22.006
37.811
8.220
1.850
10.919
Ohio
Oklahoma
Oregon
1*91*,
9.01*1
37.573
lU. 815
38.657
67.337
7.281
53.813
2.559
32.193
67.927
7.157
1.U3U
33.171
100,530
306,265
20.5«U
10,039
3.137
1U.751
1.1*61
South Dakota
Tenneiiee
Tezai
17.31*1*
8,081*
1*1*. 1*1*2
68.902
5.526
Wl
6,397
95.01*8
58,22U
53.
6.875
8.337
2.660
7'».137
11*9,1*1*3
.
5.657
7.029
2.535
33.829
1.290,015
1*1*,
10.727
8.785
20.815
35.817
3'».3'*9
5.1102
22.070
5,1*06
9.202
21.153
991.988
113.869
'*.072
822
1.1>)9
7.200
2.»i69
11
129
15
23
77
122,879
-16>I,120
58.011
'*.697
5.052
lt.751*
111,276
7*
'•0.705
13,060
10,6U7
7.066
7.683
210
9.175
I3.SI6
63,61*5
107.588
25.98U
27.855
121*.
55.
5.729
6.552
7.565
20.555
1.739
7.775
8.1*1*9
21.1* 51
35. 318
10.655
23.297
79.620
2.1*76
2.1*71
9.222
5,050
53.562
3.180
1.858
17.896
5l*,ll9
1.590
687
6.385
7I16
912
10,856
10,57'*
3.505
870
9.858
10,1*65
i*.0l6
15.99'*
l*.790
12,7'*5
17.191
1*0. 009
5.1*96
9.915
659
12,970
ll*,229
Il2,282
20,166
9.091
19.928
91*9
6,201
13.U30
966
1*.591
1.791*
U58
18
5.069
321
5
390
552
309
529
270
1.275
'*.965
5,1W
296
315
8
9.a£o
2,885
loe
250
5U9
5.125
15.711
1.177
2.998
25.88J
57.33'*
15.776
51.109
3.681
2.519
12.2U7
8.1*57
7.511*
i*.656
5.08U
I.6I10
1.777
9.001
8.572
26.910
28.01*5
11.265
2.956
869
12,922
ll*.76o
Ik, 225
5.650
13.269
I.0U7
111.
2.715
9I13
212
5.725
295
1.2U
251
1».727
1*62
1*81
7
7
6
3
11
12
•31.952
-16.718
-6, 703
107, 108
17.087
121I.558
-39
12.289
590.827 598.570
06. 817
1.855.300
8O5.819
655.222
712.155
20
19.001I
1.750
8.795
10,51*6
18.080
8.189
6,969
13. 802
23.516
1.300
l*,511
6.1*35
23.996
60.670
1.225
12.177
18.837
8.227
16.630
38.237
27.990
61,991*
3.957
12.857
15.930
5.855
6,580
9.01*5
23,21*6
17.281*
55.361*
1,620
5.095
7.105
lt.l21
'*3.959
U.302
8.91*1
35. Ills
8,211
2.U80
3.951*
8.616
1.292
20,168
20,530
9.791
31*.
2.51*0
7.935
1*5.181
6,021*
956
36,009
12.297
23,1*26
.
77.636r
5.758
16,615
ll*.200
l,l>25
21.1*97
lev Tork
Sortb CaroliOA.
Vorth Dakota
1U,U77
6.885
'»15.338
l.ldio
5.532
8.0lit
25.787
303,807
32.722
2.31*6
13.175
3.531
5.162
1*2.133
13.1*68
.
2,021*
1*.000
25.325
7.087
13.270
21*, 1*85
55.230
128.079
Hav Hajupalxire.
Hew Jeraey
Hev Mexico
7.613
856
72.211
563
50,160
7,272
19.625
11.1*66
5.3'*5
29.519
987
6.U50
21*.
11*0,398
1.1*12
6,731
1,829
3,100
8.271.275 11.819.7'*2 575.771* 605.709 62l»,253 1,51*9.791* 1.686.509 1*99,557
(Contlauad on follovlog page)
1
.
40
Treasury Bulletin
Sales and Redenptlons of United States Savings Bonds - (Contlimed)
Table 3.- Sales, by Series, to Investors Other than Cotmnerclal Banks, Classified by States
StSa B
-
SERIKS F AHD
-
(Continued)
COMBINXD
(In tbouaandt of dollari at liiae prlcvi)
ntcal 7««r
19UU
19"t3
32,007
g.USl
16,578
887
U23
600
258,108
30.678
9,868
1,276
S1,12S
6it.U37
12.326
33.757
36.705
10.306
29.761
37.851
8.031
272.112
'1.958
7.630
236,291
79.K"»
California
Colorado
Connect lent
17.831
29.7"t6
Alabaaa
Arisona
Artuasat
19UI1
23l(,l>»5
Delamro
Diet, of Coluabia
norlda
Oaorgla
Idaho
Illinois
Indiana
lova
Eanaaa
71.>t32
3'».897
Kontadcy
Loolalana
Malno
loT.
1.1197
2,9U0
U.009
1,39H
1,719
6U5
228
332
8,823
1,231
2,600
31.37'*
}U,8l*0
l>,286
U.0?0
2,"»59
8,887
1.27*
2,215
7,706
6.2l(6
UOI
1.108
1,868
mi3
886
2,06g
1*56
1.801)
1,083
1,580
1,20?
U.276
5.359
1,230
I9U
1.506
1,1*27
1,21*6
935
13.5't2
10,605
178
10.752
5.5^*
1.I83
27.872
i*.il*9
301*
27.61*5
180
9,156
82.311
106.397
UU.903
3.7I1O
U.6S0
1*.112
10.21*6
10,381
2,932
2.299
5.51*1
i*,26o
9,1*91*
2.51*1
2.307
3.615
1,572
11*. 281*
1.818
7.311*
U.7U9
1.1*73
2.1*50
1.1*35
1.697
1.268
2.1*16
1.896
l*,'»36
1,350
1,286
393
l.i)06
1,181*
7.888
5,739
2,353
I»,l69
1.322
785
1,828
5.563
2,738
7,288
3.>t5l*
'',332
2.663
380
I40.U96
117, "tlW
5't.252
52,l»93
61.7
826
17'*,999
ll»7,625
106.363
10U.76g
2.335
5.198
1.781
Mlnnatota
Mlltllilppt
Mlatonrl
69.692
21.812
gb.266
69.836
22.296
91.689
U.970
2.720
532
5.068
Montana
Sehraika
Herada
10.529
13.550
39.339
3,630
356
2.153
190
WU
ll.Wtl
Hew Banpshlra
B«¥ J«r»ay
Hew Mexico
S«pt
1*71
3«,952
20,591
30.
iag.
«k6
2<t
"3.755
..
July
69U
9.>t50
20,2H5
.
HV
>*37
30.156
ltlt.li6l
Maryland
Maiiachuaatti.
Michigan
Ipr.
1915
621*
3.851
7,02U
17,887
11*. 080
767
131
1.066
3.156
251*
U5I)
1.02I*
538
1*72
1.521
896
7.932
632
1.576
8.070
9.365
822
13.003
671*
2.106
1.911*
U.I51
302
382
566
789
1.364
1,35'*
1.211
226
1.126
235
8,221
3.517
6.276
2.617
5.759
15,1)69
12,121)
5.8l«
2.988
1,123
1,098
3.1*59
2.31*1
1.709
1.1)1.7
5'*7
1.173
6.U11
5.959
3.806
2.11*8
1*62
2.905
3.381
1.827
2.515
1.150
1.902
981.
1,906
3.560
2.732
1.707
1,1*85
3.1)60
3.11*0
6.886
2.799
''.153
1*,1)8U
27.031*
ll*.679
3,091*
8.262
5.957
9.538
3.776
9.1*39
15.328
5.289
2.978
9.088
5,119
1.751
588
2,028
2.337
1.71*8
5.535
1.711
7.077
10.303
2.571
11.879
2,917
379
2.670
3.877
1,627
6,651
3.106
521*
779
630
U.S27
5.833
356
1,220
158
l,U6o
1,823
161
1.11*0
1.658
6.088
U26
57
327
1.768
13.295
919
1.796
13.1*69
613
3,158
1.121
116
l*,59l
1172.310
1*2,263
IU.978
17.629
1,739
537
13.960
1.603
10.937
19.585
1.580
t77
3''l
51.251
5.8«5
2.890
59,856
Ul*.65U
2,11*7
Ohio
Gklahooa
203.827
25.095
32.892
191*.
155
8.565
9,957
8.816
22.31*1
26.0ll2
722
1.005
881*
1,259
611
811
297. '130
251,120
20,628
21,988
7,893
930
9,680
1,012
960
13,222
39,186
117,537
529
1.352
3. ''89
2,696
8.393
8. 026
51.399
198
255
1,267
J17
56.253
19.552
93.192
6.032
2.065
t66
3.625
181
1
1.316
1.825
10,522
3,982
U18
28
657
7.1*81)
3,117
397
875
1*1*
2.881*
3.376
535
l*Ul
508
1,1*01
2.590
177
118
211*
5.181
1.859
265
17.09'.
't.235
277
1.133
627.986
1.953
3U9
15.1*22
3.077
69U
lev York
North Carolina...
Borth Dakota
6.037
1.101
38.671
1.1*09
1.771*
2,228
lt.71*2
1,321
311
2.1)1*6
962
1,1*21
U.566
i»,96l*
119
2,905
'..863
528
10.990
5.56U
1*11
"73
3,891
1.678
3.797
5.361
11.71*6
5.21*1
52U
1.139
2.002
3.785
6.600
8.529
5.762
2.671
l*.173
922
2,198
2,262
13.678
973
5.1UU
6.221
271*
ll».563
11.738
1.103
5.033
3.670
11.151.
2,011
2,152
897
1.623
56
106.839
6.503
28.1.58
1.332
319
685
693
1*82
llt.l|03
28.791
2.790
3,273
1.1*1*7
378
65U
21.562
1.965
U5
118. 761
7.025
1.751*
15.772
9.912
3.800
I5.8O6
2,600
7,866
3.991
1.181
2.685
637
I1.O83
9,3''5
78U
D«e
Ore^n
Pennayl Tenia
fihode Island
South Carolina.
30.1(21)
..
South Dakota
lenneaaee
Texas
21.712
10.1H6
39.1110
110.993
29.326
7.^
nteb
Teraont
Tlrglnla
7. SOU
53.701
tfashin^on
Vest Tlrglnla
Viaconsin
Vyomlng
17.905
86.336
6.010
Uaska
Canal Zone
Eavall
Puerto Slco
Virgin Islands...
Other possessions
Cballocated
'»9.753
1.297
I.8U3
17.367
3.010
1,1*76
1*16
1*58
509
3,0S6
217
3.31*4
868
6,758
632
11.959
1*66
''77
2.562
12.676
739
,610
,908
128
12,685
1,087
12.569
15.992
1.1*00
27,328
2.W1I
377
397
1,321*
516
2.959
1.799
68.563
6.812
2.183
3I.2U6
1.1*20
1*69
21,893
7,1*30
l*.669
11.885
ll*.905
3.623
3.929
3.1*10
680
852
5.710
789
931
1*99
l.ltl)9
780
2.121*
2.287
2.370
8,200
SOU
32,850
2.318
H,1»8Z
2,181
16.680
3.O6I*
2,1*98
7.733
619
632
6.591
665
571
7.060
771
580
501
1.570
533
523
1.1*81
1*18
2,1*69
836
2.269
7.886
6,1)01
10,783
331
1.067
2.793
1,250
2.653
2.371*
255
125
831
301
1,510
2,186
5.068
19.557
1,666
1,601*
10,191*
13.921
1,735
I), 292
127
307
1.937
1.231
1,029
7.221
665
1.072
U.768
191
213
231
1,662
276
679
1.25
1.11)5
1.526
7.107
1.698
7,3''7
2,7'*9
5.636
2.063
1.808
13,901
663
11.61*8
2.911
170
129
216
79
1,565
1,28U
231
220
1,6U<
2,126
966
3,809
306
II
15"*
3.693
151
l.lli2
3.1*97
155
19
33
502
133
u
1.1*1
150
275
673
lllO
5
3,065
5.2l»3
1.20U
U9
70
19
2l«l
1.1*70
906
1.3't5
1*1*.
22.398
1,155
830
28.158
2.2M0
1*23
569
29.606
3.971
11.119
1.369
8.923
1.090
'*.222
1.1*98
1.851.
35.133
2.959
12.971
I2.2I15
1.1)86
3,1*36
1,'*35
1.276
1.085
381
1*26
67»
1,31*1
l*.019
1*,281
1*,200
1.1*18
8.026
2.801
2.007
658
3.108
1,1)11)
3.910
651*
1.1*35
2,U7U
9.231
ll),09l.
171*
77
6.103
153
727
1.063
l|0
62
67
3i*U
1)00
320
202
1.5"^
22
27
19
23
16
1.3'.*
39
II*
3a
1.1*73
3.1*89
510
555
155
2,71)1*
3,035
3.352
825
5.025
136
2,717
655
90
'?
9U6
259
10
17
259
370
1.003
U.621
168
2.1*80
60
1)05
11*2
1.21
'.,559
197
93
87
71
56I)
675
11*9
11)0
71
12
53
8.53'*
3.9'»7
32
i.djustaent to
Dally Treasury
Statement
20,381
2U,38l
3.319.71.7
129.230
308
l*.li*5
12,526
17,251*
i*,269
2.1*25
833
-10.868 211,359
131.339
121..177
1*15,61.5
1*02. 1.77
100,677
100,277
95,867
192, 8U7 1.98,153
-2.123
3.517.35''
195.81*2
-I-
Total
Source:
(1) Total
ealesi
Dally Treasury Itata
Reports of cross sales.
ats:
(2)
tales >r ttates:
Prellalnary.
lerlsed.
Less than $500.
270.361
191*.
768 176,91*2
.
,. .
.
.
.
.
,
.
.
.
.
.
h\
May 1945
Sales and Redemptions of United States Savings Bonds
-
ICk>ntinuedl
Table 4.- Redemptions of Serias A-D and E Ck>nbined, Classified by States
Data on savings bond rtdenptlons by
States for Series A-D and E ooablned bscaae available beginning In October 1S>A.
rigures for the month* from October I9W
through Tabruary 19'*'5 "* shown below. It
•hould be noted that State figures on rs'
demptlons are not neoessarlly comparable
with sales data by States Inasmuch as
sonde which have been purchased In one
State may have been redeemed In another.
Moreover, the figures on redemptlone are
on the basis of current redemption value,
whereas the sales figures are at Issue
price.
(In ttaouBands of dollars at current redemption valusa)
I9UU
19IA
19't5
19U5
State
Bovenber
Decenber
JaajBXT
5,589
1.757
2.662
U,6ltg
U.368
1,615
1*,602
1.5^7
U,U81
l,W.l
1.597
New Tork
Horth Carolin
2.1*78
2,351
2,298
2,108
lorth Dakota.
35.263
2.673
6,198
31*, 861
W7
October
Alabaaa.
Arltona.
Arkaaiae,
California..
Colorado.
.
.
Connecticut.
Delaware
Dietrlot of Colunbia,
florida
753
3.918
U,96o
Georgia.
it,526
febniary
2.83''
2,611
33.3U6
2.663
31,610
2.073
5.1'*9
5,oi»g
1*,718
i*,687
31.
36.76*r
Deceeiber
Jan^jary
rebruary
ZS.TZOr
Noveoter
25.<90r
2«,9''l
''.235
'*,626
1*, 1*1*9
'*,111
3.905
6U2
722
597
692
697
28.691*
U,l*05
26,036
22,1*92
3.81*0
19. "15
21,0l*9
l*,i6U
3.96e
5.1*83
5,2l*U
''.590
1*,908
3.768
U,g26
.
27.866
32,99'»
26,883
.
2.057
1,996
2,071*
23.919
1.715
21.377
1,656
2,117
2,312
2.037
1.981
Ohio
Oklahoma.
Oregon.
,
872
715
75^
690
3.986
"•.329
3.639
3.525
Pennsylvania.
Rhode Island.
5.091*
5.630
5,592
5.'*17
South Carolina.
2,720
I*,
South Dakota.
Tennessee.
956
828
72I*
769
351
5.717
5.050
lU,350
l»,815
''.307
1*.029
622
ll*.608
13.81*5
762
718
8U3
"•,333
928
5,008
806
lt,5Uo
Idaho....
Illinoia.
28,883
28.233
2l*,285
22,261*
22,1*13
Texas
Indiana
16,61s
13.381
II.I6U
10,756
5.217
5.12't
997
10,S52
6,2Ul
Utah
7.366
taaaae.
3.755
3.'t85
3.067
3.525
Eentuclcy.
"•.265
'».833
3.9'*7
Louielana.
it.136
U,019
U,166
Kaine
1.563
1.39"*
1.362
802
. .
15,1'*3
lit,
.
Marylaad
Maieaehueette.
Michican
1.571
305
1,51*1
1,U65
l.i'33
TenDont .
326
309
27'*
1.399
269
2,998
Virginia.
5.781
6,230
5.9'*9
5.298
5.357
3.683
3.677
7.108
6,821'
3.506
2.925
2,778
1,212
i,oi*5
7.797
3.598
9,l6U
6.383
I*,
Washington. . .
Vast Virginia.
7,31"*
it.ise
6.938
6,260
6,231*
2.359
6.100
W70D ing,
Iowa.
''57
685
''91
573
USO
Alaska
161
11*7
122
127
15"
1,581*
2,120
."53
I*.
3.961
10,9lU
'*.657
l»,56i*
3,816
10,825
10,906
9,500
SS.UlO
29,182
23,61*0
2l*,5l*l
031*
3.676
9,260
21.397
Wisconsin
Canal Zone
Hawaii
Puerto Rico
Virgin Islands.
.•
7,660
7.2OU
l,78l«
1.705
5.935
1.971
5,81*7
Mleeieeii>pl.
1.825
8,690
8,671
7.1*37
7,72'*
2,61»0
3GO1
.
J»r
76ar
12
..
13
375
12
Other possessions.
1,7'»0
Hiseouri....
7
7,'*03
Minneeota.
5.528
Unallocated.
Montana.
952
?,287
levada.
9U7
930
1.103
2,1*02
2,663
1*67
1*35
"31
.
Vew Eeapeblre.
Hew Jersey.
lev Mexico,.
Source*
903
893
12,7'»9
67'»
12.553
782
11,912
863
737
10,075
815
Uvleed.
IdjuetDsnt to Daily
Treasury Statement.
1,872
-6.903
*9,955
-3.367
-11,252
378,255
359.<'82
31*0,1*23
313,812
296,517
601
9,901*
738
Dally Treasury Statements;
Redemptions by States* Reports from federal Reserve Banks.
(1) Total redaaptionst
(2)
r
811
.
.
.
16
2,1*1*9
550
t5
873
2,951
513
Rebraska.
63
^2
Treasury Bulletin
Participation in Payroll Savings Plans for United States Savings Bonds ^
9
.
.
.
.
.
May 1945
3
7
2
9
^3
Sales and Redemptions of Treasury Savings Notes
1/
-(Continued)
Table 1.- Summary of Sales and Redemptions* by Series
-
(Continued)
(Par T&Iuea - In millions of dollar*)
Badenptlona and exch&o^ea
Affloont
outstanding
fiscal year
end of
or tsontb
fiscal year
or month
chaag«
durlD£
fiscal year
or taoath
TTet
RecelTed
In payment
of taxei
Redeeoed
for caih
71*2.6
1,087.1
2,933.3
721.2
Exeban^ed
for
aev lerlee
70.6
21.5
2/
Serlei B U/
19U2
13^)
19U4
1.107.0
3,072.1
2.959.7
76U.5
!2.l
+2.959.7
-2,195.0
-7U2.6
19UU-Nareh
1)8.1
-53-2
53-2
51.5
1.7
iiprll
39.7
3U.1
22.1
-8.U
-5.6
-12.0
S.U
5.6
12.0
7.9
5.t
11.3
5
.2
-3.0
-1.2
3.0
1.2
K.3
2.9
1.1
U.l
.2
September.
19.1
17.9
13.6
October.
NoTember.
December.
12.7
12.5
10.1
-.9
-.2
.9
.2
.7
.2
.2
-2.il
2.U
2-3
-1.2
-.u
-2.5
1.2
May
June
July
Au^et
•
.
19U5-Januai7.
.
Tebmary.
March
8.9
8.6
6.1
Seriee
11,066.7
877.1
.1*
.9
.2
2.5
2.1*
19.9
.6
.1
.2
.1
.1
3
.1
.1
5/
191*3
6. 1*61*.
6,U61t.O
7.5W.7
35.6
9.1*7.7
2,983.8
8,953-7
1.082.7
5.969.9
1.01*7.2
191*4
5.507-9
1*62.0
19l*l*-Harch
8,981*.5
-1.086.
238.1
1,325.0
1.275-5
U9.6
^rll
8.971.3
11*5.1
312.9
I85.O
9.1*1*7.7
-13.2
-39.9
516.1*
271*-
May
June
1,922-3
1,1*05.9
1,331*-
July
AU£Uet. ..
Saptenber.
9.893-0
+1*1*5.2
665.5
9.923.1*
+30.1*
201.1*
9,023.8
-899.6
281.7
220.2
171.0
1.181.
October.
BoTember.
Deceaber.
8,976.1*
-1*7.3
9,892.0
915-6
9,71*7.9
-11*1*.
8.931.1*
.
.
191*5-January.
.
Febniary.
March
Source:
•
1/
2/
y
299.7
180.
228.0
166.0
11*7-3
1.158.1*
36.6
22.9
22.9
198.7
121*. a
1,265.2
29-3
U1.9
162.7
52.6
20.1
26.3
I83.6
1U8.I
1
1,081.7
1,283.8
1,1*27.9
9,776.U
28.5
257.7
229.3
9,81*0.9
6l*.6
-971.1
212.1*
11*7-8
176.6
127.7
233-1
1.20lt.2
l.in-8
8,869.8
Bally Treasury Statements.
Less than $^.OCn.
These notes were originally designed to help taxpayers set aside
funds with vhlch to pey taxes and were knovn as Treasury tax saTSeries 1 notes were designed for the small and moderIngs notes.
ate taxpayer; Series B and Series C notes were intended for the
Vhen the collection of taxes through withholding
large taJ^ayer.
at the source cosmenced, the need for Serlee 1 tax savings notes
disappeared and their sale was discontinued. Bedemption proTisions
of Series 1 notes were relaxed to provide for the payment of interSale
est on notes thereafter redeemed for cash (see footnote 3)of Series C notes, which were designed for the Investment of idle
tax reserves, vae
cash reservee as well as for the accumulation of
continued and the notes were designated Treasury savings notes.
Includes matured Treasury savings notes.
Series A notes, which were sold from August 1, I3UI through June 22.
Through June 22, I9U3.
I9U3. yield a^proxlMtely 1.9?^ p«r annum.
the notes coiild ^e redeeaed for cash only at the original purchase
price; since that date, the note* have been redeemed for cash at
k/
y
38.1
37.7
71-7
(See
the tax payment value current at the time of presentation.
also footnote 1.) Prior to October U. 19'*3> ^> maxlmun amount
which could be used in payment of each class of tax (income, estate.
or gift) by each taxpayer during each taxable year was limited to
$5,000 par value; this limitation was removed as of that date.
Series B notes were sold from August 1. 19^1 through September 12.
19^> to yield approximately O.U8% per annua. The aaount which say
be turned in on taxes is unlimited. The notes may be redeeoed for
cash only at the original purchase price.
Internet accrues
Series C notes went on sale September lU. 19U2.
each month on a graduated scale (see "Treasury Bulletin* for August
19U3, page U) to yield approximately 1.07^ P*r annum if held to
maturity. These notes may be used in payment of federal taxes at
The amount which ear
any time two months after the date of issue.
be turned in on taxes is unlimited. The notes may be redeeaed for
cash six months after the date of issue at the tax payment value
current at the tine of presentation. Prior to July 27i 19^3>
notice of 30 day* was rw)aired for cash redemption. See aleo foot-
note 1.
Treasury Bulletin
kh
Sales and Redemptions of Treasury Savings Notes
-
(Continued)
Table 2.- Sales of Series C Notes, Classified by Denomination
risc&l year
or month
i'
.
3
9
5
U
.
.
May 1945
>^5
Sales of United States Savings Stamps
Table
K-
Summary of Sales and Redemptions
^
(In thotuanda of dollara)
fltcal y»ar
or moath
during
fiecfti Tear
19U1...
1
Aug. 19Ul-Juns I9U2..J
Jttijr
ig"*?
19IW
of red eapt lone
xchanged for
8aa«i
Total
or aotath
United States
•arlnge
bOBl» 2/
5.29"*
i/
,^,f
Percentage dietrlbntion
Red «vpt lone
Ket change
S.ll'S
6.087
l6l,0U«
308,621
ll»7.57>»
+1*5,620
590.268 1/
sl*l*,6i*7
127. 9I*?
U7l*,l6s
U25,762
352,632
78l*
exchanged for
Dnlted Statee
•aTlngs
Cash
2/
t»on4e
9U3
166, 3U1
213.350
196,518
19111
''^1
ioouBt
outttaodlac
end of
fltCAl 7—T
or Bonth
35,78U
6/2/
-16,832
1*08,930
Caeh
2/
2/
100.0
100.0
100.0
100.0
100.0
87.1
82.8
12.9 5/
17.2
9.000
100.0
79.9
20.1
100.0
100.0
100.0
50.1*
80.2
81*.
19.6
19.8
15.5
18,1*68
70,i*«o
5/
y
73.130
87.
19ltl;-Kar(!li
195.821
755
1*0.029
^11
196, ImA
582
35.717
May
198,1*07
30.7't«
JUBA >.................
196.518
+2,003
-1,889
28.261
23,055
22,696
20,771*
6.873
5.690
3.811
July
iugust
180,399
-16.113
I67.it25
-12.97'*
S«pteDt)er
168,253
+828
16,566
23,138
18,898
32.685
36,112
18,070
27.553
27.996
llt.US
5.132
8,116
3.896
100.0
100.0
100.0
8U.3
77.5
78.U
15.7
22.5
21.6
Octolier
175.199
180,587
+6,91*5
2U.679
23. 946
21,163
17.731*
13.816
IU.929
16.6I8
3.917
3,628
3.602
100.0
100.0
100.0
77.9
22.1
19.6
17.8
21.088
20,731
19.921*
16.71'*
16,321
3.603
3.293
100.0
100.0
100.0
81.
80.
HoTem^er
December
igU^-Jamisry
Te^ruaiy
March
Source:
1/
2/
^
181. 529
182,692
186,710
189,1(09
-it.
+5.388
91*2
+1,161*
+^,018
+2.699
1*1*.
18.558
20,221
28.25"*
25.555
Bally Treasury Statements comnenclng SoTember 1. 191*2; prior
thereto. Post Office Department.
Stamps sold prior to October 1, I9U2 were knovn asi postal eaTin^
stamps and vera ohllgatlons of the Foetal Savln^B System hut suheequently hecame public debt obligations.
Zstloated on the basis of semples conducted by the Post Office Department >
Sales and redemptions commence with May 1, 19l*l when the special
defense series of stanps went on sale. 3be onount of the old series of postal soTlngs stamps outstanding on iprll 30. 19^*1 wa<
13,1*21
20,lllO
5.1*11*
80.1*
82.2
18.1
19.7
21.2
78.8
1150 thousazids.
Details not available for Kay. June, and July I9U1.
Includes minor amounts which were exchanged for postal savings certificates. These aggregated $123 thousands for the period Aogust 1
191*1 throng June 30. 191*2 and $55 thousands for the period July 1,
I9U2 throu* October 31, 191*2.
Net of sales less redemptions.
See footnote 1.
Does not Include eonounte transferred from Postal Savings System to
the Treasury to cover outstanding stenps.
Table 2.- Sales, Classified by Denomination
Percentage dlttribatlon of aalai
SsJes In thoiuaads of dollars
Tiacal year
or month
Total
all
denoai nations
10/
U.171*
20,227
35.717
9.1*58
30.71*8
7.588
22.696
'*.i*36
18,187
15.878
11.808
16,566
23.138
18.898
3.731
3.600
3.909
679
19l*l*-Harsb.
iprll.
May...
June.
September.
October..
Vovember
December.
19'*5^anuary..
21*.
23.91*6
21.163
lebmary
21,088
20.731
March
28,251*
Source:
1,130
31,583
71.693
1*0.029
iios,930
ia^tt ....
1,012
52,508
32.611
126,327
19W.
July
$1.00
102,53'*
19>»3.
191*2.
50/
2,691
167,709
313.691
209.121
6,087
308,621
590,268
191*1.
25/
1*00
67,1*66
28,6ll*
»5.oo
85I*
denomlnatlona
10/
25/
100.0
100.0
100.0
100.0
6.6
21.9
25.1
5t.3
53.1
51.1
1*U.2
ll.OO
»5.00
16.6
9.3
8.9
8.0
18.6
10.2
12.2
lU.o
11.5
i*.3
50/
1*6,972
13.250
26,0U8
17.691
3.132
l*.l67
1.330
100.0
27.9
50.6
7.8
10.1*
3.3
2.768
I*,
120
3. 721*
3.027
19.6
50.9
51.6
52.0
7.8
7.9
10.7
11.5
12.1
13.3
3-3
3.7
2,1*38
100.0
100.0
100.0
26.5
2,1*37
1.183
1.122
987
8.8
9.9
8.8
13.9
15.8
13.6
50.3
i;^
11.5
11.6
0.3
6.8
7.1
21.1*
2l*.7
8.370
1,1*61*
12.1*05
9.990
2.293
1.658
2,298
3.658
2.563
702
1,182
779
100.0
100.0
100.0
22.5
15.6
20.7
50.5
53.6
52.8
6.636
6,928
5.586
12.516
11.581
1.892
1.813
2.786
2.761
81*8
863
1.1*12
2.1*69
1.051*
26.9
28.9
26.6
ls\
10.61*2
100.0
100.0
100.0
6,328
5.857
8.059
10,601*
1.1*35
1,1*63
2,103
2,288
3.201
618
967
996
100.0
100.0
100.0
30.0
28.2
28.5
^
10.155
13.981
2,017
Dally Treasury Statements coosencing Hovember
19U2; prior thereto Pool Office Department; (2) Distribution by
denoBlnatlons: Baaed upon Post Office Department data.
(1) Total sales:
Denoalnation
Total
all
Denoalnation
1,
11.3
l*9!5
7.2
10.0
11.0
11.3
U.l*
^i
1:1
'•^
3.6
5.0
2.9
'*.7
3.5
^6
OWNERSHIP
OF
GOVERNMENT
Treasury Bulletin
SECURITIES
p
.
s
May 1945
^7
Suminary Distribution by Classes of Holders of Interest-Bearing Securities Issued
by United States Government and Guaranteed by United States
(In mllllont of dollars)
Securities Issued
"by
tlnlted States
Oovenmeat
Securities guaranteed b; tlhlted States l/
Distribution by classes of holders
Distribution ty classes of holders
Oovemment
U. S.
U.
Xnd of fiscal
year or month
Total
amount
outstanding
S.
OoTemment
Public
Total
Public
public and marketnonspecial
able
marketable
Issues
Itsoas
Issues
27.6115
1935.
1936.
1937.
1938.
1939.
32,989
35,800
36.576
39.886
19^.
U2.376
19^1.
19U2.
1(8,387
1,656
1.959
3,251
5,605
1,023
1.332
1.693
1.791
1.835
fieserre
Banln
Special
Issues
23.1(9l(
28,835
27.989
29.579
29.950
3,166
13,1(28
I(.55K
6.360
13,507
l(.5l(9
3,770
2,551
31.730
'{,775
2,1(58
2,180
33.115
37.982
58.988
Irt.lUl
165.725
120,880
153.661(
111,911
Ii0,l6l(
1(2,
109,718
120,880
l(l(.8l(5
3.213
3
7
13m.
18.920
'(.623
10
ll(,287
igUH-Kar.
183.3'tS
17.573
i(.05r
183, U13
1
2,61(0
7,lK9
Ik. ess
13.507
l(,123
62
1,261
1.188
1.556
2.151
27.31(0
I
1(«1
agencies and
trust fonls and
Tederal Beeerre
banks
i*.853
5.'*50
1(4)845
1.516
k
1(1.752
26s
2.258
539
1.537
175
2,258
1.529
1.516
586
176
176
1.1(97
1.183
1.186
168
163
150
a6
152.1(30
152.1(32
l'»,899
165.725
1(,615
1(.608
1(,5S8
10
10
ll(,96l
ll(,912
172.619
125.392
1(7,227
l,U6g
15,461
15.976
15.803
16.651
172,1(07
12'(,803
123,1(83
1(7.
10
60U
47.1U2
1.1(75
1,1(80
K.605
U.592
5,337
10
10
10
16.170
16.583
16,326
17.6'«
18.386
170,17?
122,759
122.205
1(7,1(20
l,UgO
171.20l(
1(8,998
18.8l(l(
188.375
137.1(68
50,907
1.1(70
1.1(70
5.256
11
16
16 p
16,6S8
17.130
17,567
ig.oou
189.713
138.002
137.695
137.7l6p
51,817p
July.
Aug.
Sept.
207,117
208,289
207,850
19.586
20,079
20,575
Oct.
Hot.
Dec.
208,608
228,891
21.185
21.672
19lt5-Jim.
lei.
230,672
231, 85U
232,026
21.955
22,391
22. 823
'(,623
5.2115
5.2llOp
170.625
19.1(39
190.021(
19.669
189.53l*P
Bally Treasury StateanentB;
(l) Total anounts out at audi ng:
(2) Securltlee held by U. S. QoTenusent agenclee and trust funds;
reports of the agencies and accounts with the Treasury; (3) SecuTedaral Heserve System.
rities held hy federal Beeerre Banks:
Preliminary.
Less than $500,000.
1/
2/
1(2,714
51,712
52.329
68
150
13,
U,060
k,o9t
1(.262
3.738
1.186
ll(,2S7
17.767
18,195
18,920
5.212
6.0«5
176
13.697
1U,122
18U,87U
199.5^3
1(,302
1(.528
5.i6i»
325
286
1(.092
5.1(98
10
10
10
May..
Jmie.
m
366
k,^l^
(.665
286
275
287
170
84, 9i(«
Private
Invest or
Public
Public
Public
Public
nonnoDmarketmarketmarketable
able
marketable
able
Issues
Issues
Issues
Issues
Public
nonsarke table
Issues
29.51(5
71.968
135.380
199.5^3
•
PabUc
marketable
Issues
2.561(
6.120
7.885
10.871
p
Total
public
Issues
unmatured
outstanding
2,526
2.1(52
Source:
2/
2:^6
2.028
Mar.
Total
amount
23,556
28.601
30.023
6,803
8,225
210,771*
Public
marketable
Issues
2,1(33
2,1(30
10,31(0
li*.091
2.10l(
Private
InTOBtors
Inderal
agencies and
trust funds
1.187
1.187
1,187
1.189
1.189
1.190
1.1*96
6
l.llU
1.119
6p
6
2gl*
287
277
275
.191
300
328
332
780
781 p
289
Xxcludes matured securities, and ohllgatlons held hy the Treasury.
The total amount of securities held hy private InTestors Is calo^
lated liy deducting from the total amount of securities oatstandlng,
the securities held hy TJ. S. OoTenoent agencies and trust funds
and hy Tederal Beserre Banks.
)
^
Treasury Bulletin
Estimated Ownership of Interest-Bearing Securities Issued or Guaranteed
by the United States Government
(P«p TSluei 1/ - In 1>llllon« of dollar!
End of
month
J*9
May 1945
TreaBury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, February 28, 1945
Section
I
-
Securities Issued or Guaranteed by the United States Government
The tables In Seotlon I present summary data as of February 28, 19*^5 from the
Treasury Survey of Ownership of Securities
Issued or Ouaranteed by the United States.
The banks and Insurance companies covered
in the survey account for approximately 95
Table 1.- Summary:
percent of the amount of such securities
owned by all banks and insurance companies
in the United States.
Seotlon II presents summary data on
the ownership of Federal land bank bonds.
All Interest-Bearing Securities
(In ffllllionB of dollari)
Claeslficatlon
Treasury Bulletin
50
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, February 28, 1945 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Governnient
Table 2.- Public Marketable Interest-Bearing Securities
PART A
Classification
-
-
-
(Continued)
(Continued)
ANALY8I8 Of OWWEHSHIP BY TYPES OF SECURITY, BY CALL CLASSES,
AMD BY TAX-EXEHPTIOK PR0VISI0N3-{ Continued)
51
May 1945
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, February 28, 1945 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 2.- Public Marketable Interest-Bearing Securities
-
leiua
(Tax status
^
Is shown in parentheses)
\
(Continued)
(Continued)
PARI B - DISTRIBUTION OF OWNERSHIP FOR EACH ISSUE OUTBTANDINa
(Par values - In millions of dollars)
-
Treasury Bulletin
52
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, February 28, 1945 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
-
(Continued)
Table 2.- Public Marketable Interest -Bearing Securities - (Continued)
PARI B - DISTRIBUTION OP 0WNSH8HIP FOR EACH ISSUE 0UT8TANDIN0-( Continued)
(Par valuea - In sllllons of dollare)
I»ue
(lax status ^/ le shcini In parentheaes)
May 1945
53
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, February 28, 1045 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
-
(Continued)
Table 3.- Public Non-Marketable Interest-Bearing Securities
(Far Taluat 1/ - In nllllonf of dollars)
Hold by InTsstors coTarod in Traasury Sturr^
Total
asount
outitandlnc
Xaaua
(Tax status 2/ is shown In parsntbesss)
Banks 2/
7
MO
OOBBSr—
clal
basks U/
United States saTli^s bonds 1/
Serlee A-1
Series X
Series T
Series 3
Invuranc* coapuLlai
317
toek
vutual
MtTlOCt
baukt
bankt
(taJcable)
(taxable)
Total United States sarlngs bond.
3.6U7
26,l«8
2.338
9.285
257
6
178
567
Total
Ufa
insurance
companlti
189
All U. S.
OoTaronent
ac«ncl«i and
trust funds,
and Tedsral
Iniuraace
eompanl*!
Bald \>7
all othsr
InTsstors
5/
fieisrrs
Banks
195
Ul,698
6/
(taxable;
653 flrts
cavoaltj,
and Barlne
»M7
uu
13
77
153
2.116
8.632
18
127
93
30
205
10
16
1)0,680
9.927
68
(taxabls)
503
i»59
9.831
216
U5
Ouarantsed securltlas Jj
Coomodity Credit Corporation doaand obligations
( taxabls)
328
192
135
52.672
1,286
Trsasurj tax and savings notss
Adjusted service bonds
Depositary bonds
(taxabls)
(wfaoll/)
Total public non-aarlcetable sscurltlas.
aS
Less than $^,000.
United States saTlngs bonds. Ssrlss A-D, S. and T ars shovn at curThsy were reported at maturity Talus by the
rent redemption Talues.
banks and insurance conpanles coTered In the Treasury SurTsy but hare
been adjusted to current redemption Talues for use in this statement.
Federal securitiea fall into thrse broad groins with respsct to Imposition of Federal income taxes on income derived therefrom.
Wholly" tax-exenqjt securities are exempt, from both the normal and
surtax rates.
"Partially" tax-exempt securities are exempt from
the normal rates except that in the case of partially tax-exempt
Treasury and savings bonds, Intersst derived from $5,000 of prio-
Section II
-
189
3/
U/
^
268
169
98
'
6/
JJ
Interest -Bearing Securities Issued by Federal Agencies
But not Guaranteed by the United States L'
Data on Federal land bank bonds
held by banks and Insuranoe conpanles OOTered In the Treasury Surrey are not entirely oonparable with figures on holdings
of aourities issued and guaranteed by the
Note:
United States because a total of 90 fewer
institutions reported
with
respect to
their holdings of Federal land bank bonds.
Eventually the two series should be full7
oooparable.
(Par values - In millions of dollars)
I sine
(Tax statu* 2/ is shown in parenthasss)
15
50.907
oipal amount owned by any one holder Is also sxempt from the sur"Taxabls" securities ars suhjsct to both normal and
tax rmtss.
surtax ratss.
Sscurltisa hsld in trust departments are excluded.
Includes trust companiee.
This column includes seciirities held by those banks and insurance
See headconpanles which are not covered in the Treasury Survey.
note to this section.
Series A-D savli^s bonds sold prior to March 1. l^hl are partially
tax-exempt; those sold on and after that date are taxable.
Ouarantsed securities held by the Treasury are not included.
Treasury Btilletin
5it
PRICES
AND
YIELDS
OF
GOVERNMENT
SECURITIES
(Including securities issued by Federal agencies)
1
May 1945
55
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
March 31, 1945
Table I.- Securities Issued or Guaranteed by the United States Government
FART A
Amount
out-
tuUnc
(Mllllona)
-
TAXABLE BONDS, NOTES, AND CERTIFICATES
Treasury Bulletin
56"
Over-the-C!ounter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
March 31, 1945
-
(Continued)
Table I.- Securities Issued or GuarEinteed by the United States Government
PART
AmouDt
out-
tandla^
C
-
TAX-EXEMPT B0N3S AND NOTES
(Continued)
May 1945
57
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
March 31. 1045 - (Continued)
Table II.
Aaotat
out-
•tudlsc
(MllItODl)
-
Securities Issued by Federal Agencies but not Guaranteed by the United States
Treasury Bulletin
58
YIELDS
OF TREASURY SECURITIES MAR.
Based on Mean of
1944
Closinx)
Bid
31.
and Asked Quotations
1945
.
.
.
.
May 1945
59
Average Yields of Long-Term Treasury and Corporate Bonds
(P»ro«nt p«r anma)
Ikt*
P>rtUll7
Blfbtax-AXM^t
crada
Treanry Tr*anr7 aoxporata
lioadt 1/
bond* 1/
Partially
Taxabla
tax-ax«apt
Traa«iix7
Traaaury
bond! ly
bonda 1/
bonds 2/
Blgb(rada
oorp«rata
bondi 2/
Partially
Ibta
tax.-axaiVt
Traaaary
banda 1/
Taabla
Traatnry
bonda 1/
Sltti-
Crada
corporata
bonds £/
Mosttaly iarlaa 2J
1937-J«a.
Tab..
Mar..
2.56
3-09
19l<0-Jaii..
2.5l|
3.2i»
2.S6
3.36
f»b..
Mar..
2.30
2.32
2.26
2.81
2.79
2.77
ipr..
May..
Jona.
2.»3
2.80
2.81
'•'*?
*pr..
May..
Jtma.
2.26
2.39
2.M0
2.7U
2.87
2.93
*fr..
May..
Jma.
1.91
2.1)5
Jttly.
2.78
2.78
2.82
3.27
3.25
2.30
2.31
2.25
2.85
2.80
2.71
Jnly.
inc..
8«pt.
1.91
2.D5
1.92
1.90
2.«
3.26
Jnly.
to«.Sapt.
2.82
2.78
2.T3
3.26
3.22
3-17
Oct..
Hot..
2.21
2.09
2.01
2!6S
2.59
1.90
l.Sk
1.95
2.1)8
Oac
2.1)8
2.1)9
2.60
2.61
2.63
2.69
2.68
2.67
3-17
3.15
3.16
igUl-Jaa..
fab..
Mar..
2.12
2.22
2.12
2.57
2.71
2.73
19l)l)-Jan..
1.95
1.93
2.1)9
2.65
1.91
2.1)8
2.66
2.56
2.58
3.25
}.lk
3.15
ipr..
May..
Juna.
2.07
2.0U
2.01
2.76
2.75
2.70
ipr..
May..
Jnna.
1.9I)
2.1)8
I.9I)
2.1)9
Jua.
1.91
2.1)9
July.
Aug..
Sapt.
2.;g
2.57
2.63
3.12
3.10
3.12
Jnly.
i»«..
Sapt.
1.98
2.01
2.02
2.66
Jnly.
1.89
1.90
1.93
2.1)7
Oct..
2.55
2.56
2.56
3.06
3.0U
3.02
Oct..
Hot..
Sac.
1.9*
1.95
2.06
2.5U
Aug..
Sapt.
Oct..
Hot..
Sac.
1938- Jan..
Nb..
Mar..
ipr..
May..
OT..
Dao..
1939-J»n.
3.36
3.31
2.311
2.3>)
2.U7
ZM
2.»3
2.96
2.90
2.87
19U2-JaB.
Tab..
Mar..
2.10
2.17
2.10
ipr..
May..
Jona.
2.38
2.27
2.22
2.92
2.86
2.78
ipr..
May..
Jnna.
2.07
2.06
2.0U
2.61
2.57
2.68
2.1A
2.23
2.27
2.67
Oct..
Hot.
Dm:..
iTnly.
tag..
Sapt.
2.06
2.08
2.60
Sapt.
2.76
2.79
3.29
3.1U
2.93
2.86
Oct.
Hot.
2.09
2.10
2.13
2.1)6
.
2.35
Sac
2.I18
2.1;6
7.
11).
21.
28.
Hot.
k.
10.
18.
25
1.93
1.92
2.1)8
1.9U
2.1)8
2.53
2.55
2.55
2.58
1.92
1.91
1.89
1.89
2.1)8
19l)l>-Baa.
1.89
1.88
1.87
2.62 U/
2.1)8
2.1)8
19l)5-Jan.
2.1)8
2.1)8
2.1)8
2.61
2.60
2.
916.
2330.
6.
13.
20.
27.
1.81)
1.8U
1.83
1.79
1.80
1.82
2.76
2.80
2.80
2.1)5
l:^
2.1)3
2.75
2.1)6
2.71)
z'.uk
2.73
2.73
2.15
2.U7
2.1)9
Waakly aarlaa - Batnrday flgnraa 2/
19l)l).0ct.
Ml..
Oet..
Hot..
Dae.
Tab..
Mar..
Sapt.
2.p
2.0l»
fab..
**€
rab..
Mar..
Jnly.
191)3- Jan.
2.1)8
2.72
2.71
2.72
Oct..
Hot..
Sac.
191)5- Jas.
Tab..
Mar..
2.11
2.11
2.12
2.1)6
2.1)6
2.1)8
2.1)8
2.1)6
2.1)8
2.70
2.68
2.70
2.68
2.65
2.63
2.58
2.57
2.59
2.1)9
2.1)9
2.1)8
1.93
1.90
1.87
2.1)8
1.81
1.75
1.70
2.1)1)
2.1)8
2.1)8
2.«0
2.61
2.58
2.58
2.59
2.57
2.55
2-55
2.61
2.59
2.5»
2.56
2.51
1)/
Treasury Bulletin
60
'
T3
•
>
(/)
o
z
o
CO
UJ
o
Q.
CC
O
O
or
<
(A
UJ a,
tr CO
c
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UJ
II
z
o
Q
_l
UJ
>
UJ
<
UJ
UJ
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10
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o
May 1945
61
INTERNAL
REVENUE
STATISTICS
.
.
.
.
.
Treasury Bulletin
62
^
Summary of Internal Revenue Collections
(In thtrntandi of dollars)
Tltcal 7«&r
or Bonth
Income and profits taxes
Total
receipt
from Internal rerenue
Total
internal
reTenue
colleetlone
Adjuetnent
to Dally
Treasury
Statement
(Dally
Treasury
Statement)
Total
income
and
profits
taxee
Corporation
income and
excess
profits 2/
Individual
if
3.281.791
1,105.788
527.113
18,521
3.l»9U,331
1,1*27,1*1*6
2,179.828
2,629,030
67U,i*i6
1.091. 7U1
1.286,312
5,161.231
-37.168
30.1*70
-1.133
i*,63it.308
2,185,111*
1,028,831*
5,303.13'»
-19.637
5,322,771
2,129,609
982,017
lO.lUl
7. 351. 531*
3,1*71.121*
1,1117,655
-36.797
-22U,755
13.029.915
8.006,881*
19'*?..
7.361.675
12,993.118
22.lU3.969
iguu..
1»1,68U,987
l,565,Un
22,368,721*
1*0,119,510
16.298,888
33.027.802
3,262,800
6,629,932
18,261,005
9,58U,715
li*,629,3W
l^UluMarch
6.352.536
+5U3.6lt7
5,808,888
5,358,106
1,911*, 138
April
May..
Juae.
2.935.115
-395.320
-52,628
3.330.1*35
2,80<l,0O3
3.023,5'*5
622,512
3.076,173
5,111,658
2,289,328
5. 73''. 169
July..
l,98U.6it6
-635.503
Au^gt
2,702,U86
5,7^8,985
-i*7,863
2,620.11*9
2.750.31*9
1.729,1*91
1,712,1*02
Sopteml)er
Octol}er.
1, 880,1*76
November.
December.
19351936..
1937.
193S-.
1939..
19i«..
igui..
19U2..
-1»,101
3.277.690
3,512.852
U.597.1I40
5, 671*. 318
19U5-J»nuary..
February.
March...
5.6U3,8lt«
5.162,361*
' :,Ui3
U,568,:
572.115
738.521
1.056.909
1,299,932
?.932
1.122.
?,5'»1
deployment taxes
Miscellaneous
profits
taxes k/
Social Security
taxes
Total
eaiploy—
01d-a£e
Insurance
ment
taxes
5/
1*8
31,178
l«.786
33.7U0
265.71*5
71*2.660
27.010
37.172
56,621
833.521
925.856
1.185.362
**,2l*l
1.1*98,705
137.U52
3.1*15.956
2,21*3,791*
552.959
1,859,231
1,288,899
106.123
100,658
119.617
156,008
183.337
122,01*8
1.738.372
605.350
687.328
895.336
,131,5U6
,290,025
28,012
1*9.590
3. 1*83
3.0U9
1*3.057
12.250
9,753
18,970
97.605
303.859
91.109
2511.715
1*,602
11,081*
3.260,51*1*
W.395
l*,5ll2
1,165
1,89U
38,060
38,689
1,318,91*1
1*03,887
6,663
136.1*75
127.81*6
1,31*0,1*16
366,022
5,961*
261,058
38,508
216,672
3.353
5.9UI
8,966
677
3't.i*78
1,120,582
2,016,297
1*,
687,1*62
1*20.31*1*
71*0.1*29
5.057.236
1*,
1*89, 671
1.356,371
3,108,1*61*
1,322,758
1*78,507
2,300.370
1,809,766
1,633,189
l,2l*l»,287
382.066
't,9't5,l487
679.875
U, 265,612
3,669,61*2
327.870
3,311*, 922
-631,287
-170,735
3.673.76U
3,985,292
5.617. 781
3,02U,l6l*
2,617,322
2,726,523
1,821,017
1*01,817
1*25,366
5,026
6,065
102.795
3,161,712
13.11*5
61.571
3.157.951*
l*,995.S7'*
1*8
287
58,119
90,267
101,167
2,1*87,738
2,396,21*0
+Sl3,5JtO
1/
207.339
502.918
529.836
-607,262
-95.871
1.01*2,1*77
aent insurance 6/
Bailroad
retirement
6,560
li*,509
+691,71*8
3.8111.557
6,1*31,321
tTnesiploy-
21*,
835
8,501
6,836
26 8U9
,
11*9,1*76
109.1(27
137,871
170,1*09
211,151
265,011
2,688
35.1*20
13U,095
125.1*70
21*3,026
199.507
36. 981
3,101*
5,688
7,991
877
2.937
35.528
33.000
71,268
263
5.789
30,021*
106,572
3.36a
1,502
16,577
52<Mi9
317.1*12
191*,
Miscellaneous internal reTenua
Tiacal :^e»x
or month
Total
mlBcellaneoue
Internal
revenue
Capital
atock
tax
Xstate
and
gift
taxes
,61*9,781
1,
2,001*
011,513
91.508
212,112
911,9113
378,81*0
2.188,735
2,272,158
8,236,821
19351936.
1937.
1938.
1939.
137,1199
139.31*9
105.51*8
16,87U
I
127.203
360,715
Han-ufac-
Alcoholic
beverage
taxes
Tobacco
taxes
1*10,926
505,21*3
Stamp
taxee
turers and
retailers'
excise
taxes
'
1158,776
1*3.133
3112
500,785
551.923
567,777
593.831
567.669
587.605
68,990
69.919
1*119,351*
579.781*
1*6.233
111,083
1*16,751*
396,891
38,681
39,057
702
1*1*7,088
11*8,925
206,831
115.155
617.373
852.069
670,015
50,800
728. 69!*
1.075,1101
58,720
76.35>*
2,359,61*1
191*1.
2, 951*. 553
3.837.670
1*. 571.131
5.353.336
132.739
166,653
281,900
328.795
380,702
360,071
M07,OJ8
1*32,5'*0
1,0118.165
1*1*7.1*96
1,1123.1(80
608.073
697.712
780.792
923.857
511.210
I.6I8.OI15
988.1*83
19ltl|-Haroh.
1*01,192
1*72
60,361*
123.999
76.697
i*,586
i^il.
1*23,827
May...
June.
U82,986
July
August. ..
September.
751*, 183
776,889
529,058
October.
Hov ember.
December.
51*3,877
520,025
558,989
361*
51*6,306
(-21)
509,926
560,337
1*09
,275
379,51*0
1*,800
19U3.
191*1*.
19l*5-January
Il98,8ll9
.
February.
March
Source!
1/
2/
^
U/
526,222
62,323
11*3,51*0
621*. 06I*
819,869
Agricultural
adjustment
taxes
8y
91.051
76.173
80,l6l
117.502
19I1O.
191*2.
Miscellaneous
taxes
111,
1*00,901
732.332
193
152
1.035
6,103
169.333
I1,862
182,3115
1911,863
71.893
80,868
81,083
U,321
76,663
50,0^
U.liso
6U,W*
70,206
96,775
102,910
128.357
1*7,687
209.93?
77.311*
5,233
193. 918
201,911*
139. 09U
182,761
36,022
77,507
71,586
87,679
29.170
62,670
35.310
763
115,099
18,61*0
38.520
196,077
^9)690
203,751*
201.1*61
9^,656
95.259
119, sfc
112,1*88
1*9.
295
206,1*08
37,1*%
89,153
311
2l*7
(1) Total receipts from internal revenue:
(2) Detailed collections by type of tax:
81*,
77.521
31,180
5.3U5
70,601*
I
5.718
5.893
116,579
1911,591*
78,1*50
66,0it7
170,878
73,621
5.5^*6
105,199
Bally Treasury Statements;
Beporte of collections mads
by collectore of internal revenue.
Excludes collections for credit to certain trust accounts for territories and laeular possesalons, etc.
Includes collection of taxes withheld by employers pursuant to the
Bsvanue Act of 19U2 and the Current Tax Foment Act of 19>*3.
Includes income tax collections on Alaskan railroads. The excess
profits tax Included in this column is that Imposed under the
Second Revenue Act of 19l*0, as emended.
Consists of the declared value excess profits tax. the profit limit-
5/
6/
ll»2
893
115,91*6
2ll«,068
113.119
102,617
90,376
89.755
116,530
lag proTlsioua of the Vinson Act, and the tax on unjaet enrichment.
Hepresents colleetlone under the federal Insurance Contrihutlons
Act comnenclng September 1939; prior thereto, collections under
ntle Till of the Social Security Act.
fiepreaenta collectlona under the Federal Unemployment Tax Act
commencing Sspteaiber 1939: prior thereto, collections xindar
Title II of the Social Security Act.
Bepresents collections under the Carriers Taxing Act of 1937*
Includes tax collections under the Sogar Act of 1937 cud under
the dividends tax imposed by the Act of June l6, 1933*
63
May 1945
COLLECTIONS OF INTERNAL REVENUE
"DOLLARS
DOLLARS"
BIMIont
Bllllont
Total
40
40
35
35
^Fiscal year
30
30
25
Y\Compar/son
25
9 months
1944 and 1945
first
fiscal years
20
20
15
15
10
10
5
>
1930
31
Alcohol and Tobacco Taxes
'32
33
'34
35
36
'37
38
39
40
41
42
43
44
45
5
a
)
Treasury Bulletin
61^
Detailed Analysis of Internal Revenue Collections^
(In thona«nda of dollar
Tisoal year
^«
of t«x
I9U3
laeoa* aid profit! tazat:
IndlTldnal:
Vltbhald by eoployorat
Cxirrent Tax Paynsat Act of I9U3 2/
Erranua Act of 19U2
Otberl
Current
Baok
5.771.001
172.916
total IndlTldnal ineosa taxai
6.629.932
686.015
^
Corporation:
Incoaa taxaat
Currant 2/
Sack
u, 136. 967
383.885
Kzcatt profits tazaa (Sacoad Barenua Act of
ai aaondad)
19'tO,
Total corporation taxoa
5.063.86U
9.
Kiacallanaous profits taxai:
Daclarod ralua
Tlaion Act
Unjust snrichfflant
Total miscsllanaous profits taxaa
Total incoao and profits taxas
5*. 715
82.012
itao
1.808
8U.2U1
16.298,888
&Q)lo7iient taxas;
Soolal Sseurltj taxas;
Old-a^s insurance J^
UnenplOTnent insurance
1,131, 5U6
^
Total Social Security taxas
Bailroad retirement §/
Total eoployment taxes
Hlscellaneous internal reyenue;
Capital stock tax
state tax
Olf t tax
Alcoholic barera^e taxes;
Ustlllad qilrits (Inported, exciee)
Distilled spirits (doneetic, exciee)
Distilled spirits rectification tax
Vines, cordials, etc. (iqported, exciee)
Vines, cordials, etc. (domeetic. excise)
Irandy used for fortifying svset vines (repealed
as of July 1. igto)
Dealers in distilled spirits; rectifiers; aanufasturers of stills (special taxee)
Stamps for distl'^led spirits intended for export..
Case stsops for distilled spirits bottled in bond.
Container ataaps
Hoor taxes
Teraanted salt liquors
Brewere; dealers in malt liquors (special taxee)..
Total alcoholic bararace taxes
Tobacco taxes]
Olfars (large)
Cigars (anall)
Cigarettes (large)
Cigarettes ( aiall
Snuff
Tobaooo (chevlng and coking)
Cigarette papers and tubee
Leaf dealer penalties, stc
Cigarette and cigar floor taxaa
Total tobacco taxes
tta^p taxee:
Bonds, issuee of capital atook. deeds of conreyance. etc
Transfere of capital stock and similar intereet
sales
Playing cards
SllTer bullion sales or transfers
Total stamp taxee
156,008
1.287.55't
211.151
1. '198.705
328,795
igWt
}
65
May 1945
Detailed Analysis of Internal Revenue Collections!/- (Continued)
(In thouaanda of dollars)
Tlrst 9 months
Tlacal yeare
nscal
Type of tax
Kltcgllaneoui Internal revonua (contlniwd):
Manufacturer! and retallere' ezctae tcLxee:
Lubricating olle
Gaioll&e
Tlrea and tubet
noor taxes on tlree and tubet
Autonoblle truck* and bueae
Othor automobile* and motorcyclea
Parte and acceaaorlea for automobllee
nectrical energy
Xlectric, saa, and oil appllancee
nectrlc light bulba and tubee
nectrlc eigne (repealed ae of ll/l/Ua)
Badlo aeta, phonographa, component a, ate
Phonograph recorde
•
Mualcal Inatrujaente
Mechanical refrlgeratora. air-condltlonera, etc..
Hatchea
Tloor taxea on matchea
Bualneaa and atore nachlnee
Pure - retailers' ezclea
Jewelry - retallere' exclee
Luggage - retallere' eiclae (effectlTO U/l/UU)
Luggage - manufacturere' exclee (euepended ae of
U/l/lA)
Optical equipment (repealed ae of 11/1/U2)
Photographic apparatus
aubber artlclea (repealed aa of U/l/Ua)
Sporting gooda
Toilet preparatlona - retallere' exclae
hashing machlnea (repealed aa of ll/l/Ua)
rirearma, ahella and cartridgee
Piatola and rerolrera
Repealed taxee not lleted abore
March
March
191*1*
riecal
year
year
19W*
19ltl»
19'»3
191*5
191*5
'
Total manufacturere' and retallere' exclee taxee..
Miecellaneoue taxee:
Bltumlnoua Coal Act of 1937
Sugar Act of 1937
Telephone, telegraph, radio, and cable, leased
vlree, etc
Local telephone aerrlce
Transportation of oil by pips line
Iraneportation of peraone, eeats, bsrths
Transportation of propsrty (effectlre IZ/l/Us)
Dss of motor rehlclee (effectlre 2/1/U2)
Dse of boats (effectlTe 2/1/U2)
Leasee of eafe-deposit boxes
Admissions to theatere, concerte, etc
Admleeiona to cabarete. roof gardene, etc
Club duea and initiation feea
Bowling alleye, pool tablee, etc
Coin operated doTicee.
Adulterated and proceaaed or renOTated butter,
mixed flour 2J ""1 filled cheeae
Oleomargarine, including epeclal taxee
larcotice, including marihuana and epeclal taxee.
Coconut and other Tegetable olla proceeaed
latlonal flrearaa Act
All other, including repealed taxee sot lieted
abore
Total miecellaneoue taxee.
Total alecellaneous internal rerenue.
Total internal rereooe colleotloae
Adjuetaent to Dally Treaeuiy StateBsot
Total recelpta from Internal rerenne (Dsllr Ire««ni7
Statement)
1*3,318
52.1*73
39.909
61.935
271.217
207.1*1*7
298,1*30
25, 61*3
1*0,309
28.761
350
3.297
65
U,230
25
21*
10,8U6
1.652
33.272
185
"3
3.132
3.778
9.902
898
7,229
U.862
288,786
18.280
1,U2U
20,1(78
lt«.705
6.913
3.657
6ll«
5.561
1,817
1,280
5,966
9.367
6,l»6l
UU,223
88,366
3.2'»7
1.2H7
1,222
31.551
51.239
5.027
5,368
255
I
91*3
3,1(02
1,889
633
2,1*06
8,671
55
3.760
58,726
113.373
22,1*39
37,1*29
51*.
1*3,218
3,368
2,829
182
7,1*1*3
2.31*3
1.1109
3.61*9
1,1*09
500
2,125
6.2U2
55
2.528
603
1,131
''^
31*,
I
l,6oi*
259
1*,680
5.1*52
.
931
581
1*58
16I*
2
20
230
592
188
97
235
2«3
30
1.263
J'
1.29'*
280
U.398
6.U76
12.931
6.63J
1*6,737
6.81*9
66,2i»U
83,283
ll*2,2l6
1.019
8,91*0
1*,217
8.3>t3
56.195
5,682
'*.777
6
390
1
11.907
295
8.895
269
9
12,1*85
•
ll.llJ
lU.885
9U3
2.237
2
2.1*98
1.71*9
30,1*50
lt.231*
8
1»,068
32.677
1*4.
790
199
2,886
66,677
k
28
159
1*38
!.595
6,271
2,51*7
21*
199
2
32
3
3
1
890,209
58.720
10l*,199
1,1^9
62
U81
1,061
98
32
731
35
90
670,015
728,691*
536.290
5,626
53.552
1.1*03
1.372
21
5
1
68,789
51.5'*1
55.755
5.1*11
5.138
91. 171*
11*1,275
66,987
13.672
87.132
82.556
1U6,289
90,199
15.851
153,683
11*9,981
96,21*5
IU.979
9,060
12.359
181 lOl*
166,109
120,092
203
5.317
1.1*83
178,563
26,726
9.182
2,208
18,U75
103,222
66,397
11.710
113,800
160,553
126,269
195
I*. 878
119.995
15.529
5.707
1,616
16.010
15.553
696
18
106
18
11*
33
1
378
6,070
13s, 05U
16.397
6,520
1.853
10,U«7
2,621
788
1.939
20
F
37
215,1*88
13"*.
326
352
6,591*
l.OSll
3.01*3 r
779
7.190
16
3.15* r
13
1*68
20
158
201
732.332
i.075.'<0l
8O5.509 r
11,571.131
5.353.336
3.9U7.67U I
,
225. 71*0
•
11.219
17.202
88
1
1
658
1*,102
wio
"•.695
12,182
l.W*5
20,513
19.607
129
558
'13.198
1*2,568
I'M
23.1*62
1
35
352
25.959
4,687
151
'21
673
11
16
1,093,1U6
76.354
116,530
5,300,089
1101.192
560.337
5,808.888
5.617.781
22.368.72'»
1*0,119,5x0
28.601.21*5
32,85>i,l62
-ZZU.TSS
1.565.HT7
1.390,913
-3.358
5l»3.6l*7
•813. 51*0
987
29,992.158
32.850.805
6.352.536
6.U31.321
22.1U3.969
Bally Treaeury «ate(1) Total recelpta from Internal rerenue:
Heporte of colmenta; (2) Detailed colleotlona by type of tax:
leotlone made by collectora of internal rerenue.
Rerleed.
Leaa than $500.
licludee collectlona for credit to certain truet accounta for
territorlea and inaular poeeeeelona, ate.
Conalate only of collectlone for which returne hare been filed
Collectlona under this
with the collectora of Internal rerenue.
act as shown In Dally Treasury Stateoente conelet of withholdings
1*1. 681*.
depoeitod in Ooremment depoeitarlee in addition to paymente accompanying returns filsd with the collectora of Internal rerenue.
Current collections consist In general of taxee paid within twelre
months after the cloee of the taxable year for which return le
Eepreeente collectlone under the Federal Ineurance Contplbutlone Act.
Hepreeents collections undsr the Tsdsral Onemployment Tax Act.
Hepressnts collections under the Carriers' Taxing Act of 1937.
Tax iaipoaed upon the manufacture and eale of, and the occupational
tax on, mixed floor repealed ae of Sore»ber 1. 191*2.
66
MONETARY
Treasury Bulletin
STATISTICS
I
i ,
May 1945
67
Balance fiieet of the Exchange Stabilization Fund
As of June 30, 1944 and December 31, 1044
Secnbsr
JniM 30, l^Wt
31,
l^UU
Cash]
TreasuTAr of the United States, gold
Treasurer of the United States, eheclcliig account...
federal Beserre Bank of Hew York, special account,.
Disbursing officers* balances and adrance accounte.
$1,800,000,000.00
1.333.369,61
$1,800,000,000.00
1.161.528.15
207.139,6Ug.ilt
217,677,1*79,91
10.370.12
'*.09''.53
$2,008.1*83,387,87
Special accounts of Secretary of the Treamry In federal
Beserre Bank of lew Tork:
Special account Ho. 1. gold (Schedule 1)
$2,018, *i3, 102.59
21.139,971.77
Total cash
X2,oU6, 716.12
Dae froB foreign banks (foreign exchange)
Swiss francs
f ranch francs
Bslgas
17.88
505.06
2.980.05
Sterling
2.ll06,5U8.8li
All other
foreign depositories
3,20>».037.l6
Other accounts (deferred charges)
20,1*8,723.13
12,1*8.12
iccrued Interest receivable (Schedule 2)
5,012. 691*. 76
»,W»8.723.13
InTestoente in United States Oovemment securities (Schedule 2)
20,368,lWt.39
5,012,700.5lt
Due f roB the OoTeruDent of the Republic of Cuba
8lt.33i.5i
35.51
Liabilities and Capital
Accounts pajablei
Touchers payable
teployees' pay-roll allotoent account. United States
saTlogs bonds
Vlthholdlng taxes
Miscellaneous
Total accounts payable
Beserre for expenses and contlngoncies (net)
Capital account
3 ^^^ '*)...
390.79
2,636,00
$2.058,303.9140.10
Total assets.
37.57
2.636.00
Conmodlty sales contracts (deferred charges).
lamlQ^s less adslnistratlTe expenses (Schedules
l>2,<)29.77
6«6.390.Ul
Total due fron forei^i banks
Total liabilities and capital.
$188,612.98
17.88
505.06
2.980.05
20,133,098,65
$107.59'*.92
,
$2,076, 806.3«6. 07
Treasury Bulletin
68
Schedules for Balance Sbeet of the Bzchange Stabilization
Ftand
Schedule 2
ITnltad Stat«a OoT«roa«nt ••oorltlet taaM I17 tha
Itsoa
betea^e Stobllliatloo fund
(Ocntlmied)
May 1945
69
Gold Assets and Ijlabilltles of the Treasury
(In BlXlloai of dollari)
Kod of calendar
year or aonth
.
7
.
.
5
Treasury Bulletin
70
CotniwnentB of Sliver Monetary Stock
(In Bllllont of dollAri)
Sllrer held In Trcaeiuy
Silver outside
SeeurlD^ ellrer
eerttftoatee 1/
Aid of ealandar
year or aonth
Silver bollloB
Bullion
at eott
Sdbildierr
coin 2/
Sllrer dollert
Silver
dollare 1/
uu.u
U8.1
J9't.l
3,790.2
52.5
63.0
78.8
96.8
117.5
lt22.U
U, 060.0
•93.
l|.2>|lt.8
587-3
I1.3I7.6
lt,207.J
771.6
3,870.6
525.6
100.2
691.8
U.1II2.6
12.5
9.7
7.8
505.2
U99.g
697.0
706.0
11,068.3
iiUs.g
101.7
103.5
105.2
71l».l
3.9'»7.9
2.8
1.1
1A3.9
Ujl.6
U2S.9
1C6.S
108.6
110.6
722.3
729.»
739.1
3.9J8.3
3,910.1
3.905.9
750.3
762.1
771.6
3,889.0
3.876.5
3,870.5
772.lt
3,ei»i.i
773-3
780.2
3.833-6
576.9
775.9
93«.8
1,137.6
1.298.2
508.
505.7
503.7
5-7
5-^
3.5
5.3
3'»7.7
1)28.6
II:
535.3
616.0
19I10.
1.39S.1
I.C76.I
1.516.2
1.520.0
1.520.1
I19U.6
2-3
3-5
657.
UOO.U
376.5
12.5
19Ult-IUrcfa.
1.520.1
39lt.2
18.8
15.1
i^rll.
Mmj...
1.520.1
1.520.1
1,520.1
392.6
390.8
389.2
18.0
21.1
387.6
385.8
383.7
20. 1(
3«pt amber.
1.520.1
1,520.1
1,520.1
October.
VoTtaber.
Seeeaber.
1,520.1
1.520.1
1,520.1
381.8
379.5
376.5
375.lt
febntuT.
1,520.1
1,520.1
1,520.1
ISUl.
19UU.
Jul;
As^tt
lUreh p..
Souroet
p
•
1/
118U.1
lE.lt
>•
662.3
028.2
19.1
20. U
21.2
15.1
.9
U.9
Daily Troaeuiy Stateaenti and Circulation Stataoente of United
Statea Money,
Prelialnary.
Leee than $50,000.
Talued at $1.29'*' por ounce.
1H1.9
II05.6
112.5
llw.g
117.5
IU.8
lU.O
9.7
372.H
iiao.i
10.2
12.5
37'».0
eoln 2/
1.970.1
193519361937193«.
1939.
it99-0
SnbstdlUT
323.5
350.4
166.9
372.8
262.7
lt.2
f02.7
Total (llTer
at »1.29
per onnoe
Treanrj
In Oeneral Tund
393-8
391.0
379.1
118.6
120.0
121.6
2/
^
681*. 7
2.lt02.3
2.8O6.5
3.3lt6.8
U,083.6
3.»3.i
Valued at $1.38'^ per onaoe.
Talued at $1.38'^ per ounee or at $1.29 per onaoe aeoordla^ to
vhatbar the bullion ie held for racoinace of eubeidlazjr allTer
eolna or for recolnace of standard ellrer dollare.
Silver Production In the United States and Sliver Acquisition by Mints and Assay Offices
^
(In millions of ounces or dollars)
Silror
production
Calendar year
or month
Silver acquired by mints and assay offices
in
United
Statea
Hevly mined domestic
silrer 2/
Kationallsed
silver 2/
Ounces
Dollare
19351936.
1937.
1938.
1939.
U5.6
61.7
63.9
38.0
61.1
70.6
61.6
60.7
igito.
68.3
71.1
68.3
70.5
63.1*
n.3
19ltl.
191)2.
1*7.9
191*3.
5-5
19UU.
37.'»
19l)lt.rebraary.
?-«5/
March
u.o 5/
J«>rll.
14ay...
3.15/
3-55/
Jteio.
2-9 5/
July
Aufust
September.
3-5 5/
3.1 5/
2-3 5/
October..
Horember.
December.
3.15/
3-25/
19U5- January.
February.
2.9 2/
2.6
2.2
Torelgn silver kj
27-3
it7.3
6
2.0
1.0
.2
Dollars
U9U.U
271.9
U2.U
21*1.5
355.>t
ItO.l
282.8
1*8.5
139.8
72.6
51*.
50.1
3U.0
3.9
ll*.3
318.2
Dollars
.
.
«
1
.
U
M
6
May 1945
7
U
71
Seigniorage on Sliver
(CtnulatlT* from Januaiy 1,
Saignioraca
on allTar
and sloor
coins
of calendar
year or month
Sxyi
19}^
1935
1936
1937
1938
1939
".5
18.5
1(6.1
f3.7
69.5
91.7
igMo
19^1
igte
122.2
193lt -
In allliona of dollars)
Sourcaa of aal^loraga on sllrar bullion rstraluad 1/
Mlac. illTar
(Incl. allrar
bullion held
June lU. 193U)
Newly-Dined
Kewly-Blned
•llTer (Proc,
•llrer (Act
Dec. 21. 1933) Jnly 6. 1939)
U8.7
U8.7
'W.7
.U
SllTer Purchase Act
of June 19,
I93U
Hatlonallied
sllTar
(Proc. of
Aug. 9. 193'*)
Total
salgnloraga
on allrar
raralnad
128.7
326.2
31*-
1*22.1
397.5
3lt.7
5»tl.6
7>t.9
W.7
28.5
3U.5
132.6
16.8
36.0
58.0
51.1
226.2
302.7
366.7
1157.7
3lt-7
1.055-8
1,089-0
l,0Ug.2
967.3
U.2
530.7
31*-
5O8.I
6l6.0
705.6
25-7
562.7
3't-7
759.1*
US. 3
580. ll
3U.7
63.6
58l(.3
3l*-7
tu
58U.3
31*
58lt.3
3't-7
799.7
818.9
820.6
820.7
3"*.
820.7
922.7
820.7
820.7
820.7
887.0
878.3
791-1
820.7
820.7
820.7
781.8
7UI.I
728.3
717.3
697.3
692-5
670.9
18.7
"W.7
2lt5.7
Us. 7
299.6
362.3
1(«.7
19W
>t8.7
87.6
87.6
87.6
87.6
87.6
19Ul|-Kareh
305-7
W.7
87.6
65.
581*. 3
tfTll
308.
Ug.7
65.
58it.3
58lt.3
31*.
'18.7
jTina
315.6
322.6
87.6
87.6
65.I1
MV
U8.7
87.
65.U
58U.3
3U.7
Jnl7
Auguat ....
Saptembar.
326.2
332-7
336.7
U8.7
87.6
87.6
87.6
65.
58U.3
3l*.7
65.ll
65.l(
58lt.3
3U.7
58U.3
31*-
OctolJar.
3>ta.8
l|«.7
65.4
5«lt.3
351.3
362.3
"t«.7
I48.7
65.lt
65.1.
58U.3
58U.3
7
820.7
820.7
820.7
365.8
367.7
369.1
U8.7
65. U
58"*. 3
31*-
65.14
58U.3
65.1*
581*. 3
3t-7
3t-7
820.7
820.7
820.7
.
BoTanbar.
Dacaaber.
19^^^ JaauaT7
Tabruary
March
.
Source:
1/
.
.
27lt.9
87.3
't«.7
it«.7
182.
IS"*?
Potential
seigniorage on
silver bullion
at cost In
Oanaral Fund 2/
>«f.7
l«.7
87.6
87.6
87.6
>t8.7
'«-7
Dally Traaaury Stataaants.
These items represent the difference between the cost value and
the monetary value of Oliver bullion revalued and held to secure
2/
-7
7
31*-
3|*.7
3l*.7
31*.
758.8
950.6
717.3
760.
756.7
ellver certificates.
The figures in this column are not cusmlatlTa: aa the snount of
bullion held changes, the potential aelgnlorage thereon ehangae.
Net Capital Movement to the United States, 1935 through January 1945
[in t;]onaands of dollara.
Ket capltsLl outflow (-)]
AnAlyaia of net capital aovaaent
Period
Calendar year:
1935 (Jan. 2.
1936 (Jan. 2,
1937 (Dec. 31.
1938 (Dec. 30,
1939 (Dec. 29.
19ltO-Dec. 3I.
19ltl-Doc. 31
19lt2-Dec. 3I,
1, 19lt3-Dac. 3I,
1, 19Uit-Dec. 31,
1. 19l*5-JaB. 3I.
191*0 (Jan.
It,
(Jan.
191*2 (Jan.
191*3 (Jan.
19ltl| (Jan.
1,
1.
191*1
1935-Jan. 1, 1936)
1936-Dac. 30. 1936)
1936-Dec. 29, 1937)
1937-Dec. 28, 1938)
1938-Jan.
3. 1940)
Net capital
movement
Movement in
short-term
banking funds
1,1*12,1*86
961*, 629
1,195.922
801,915
397. Ste
255.591*
1*15,256
331.268
1.132.383
1.195.635
191*0)
191*1)
706,380
-U96.923
191*2)
19lt3)
60 It, 321
852,928
-286,622
561,573
Movement In
broke rege
balances
6,039
6,811
687
31*.
Movement In
transactions
In domestic
eacuxitlee
316,660
600,693
2ltJt,626
Movement in
transactions
In foreign
securities
125.15*
191.076
267,008
26,758
115,689
3"*
57.196
32,990
-85,1*27
20,358
-:l*5,o62
-1*9
-261,955
78,156
51.703
1*6,599
-7.361*
1.283.593
357. 15U
l.l6lt,758
19*)
191*5)
157.1*05
153.895
3.513
13.372
8.529
-195
Total (Jan. 2, 1935-Jan. 3I, 19U5)
7.633. IW
5.572,lU2
126.089
15U.350
155.209
11*5,622
ltU,3Ul
11*7.637
-713
1.831
76,736
68l|
5.859
-7.5J2
-20,09U
I.I105
76U
1,038
1,151
-"7.329
-1.289
1,616
-7U7
-2.123
26.572
-36,215
-116,872
119
650
2.313
191*5 (•'•n-
it>t,39U
27.767
77.696
ao,735
93.1*96
-2,808
6.513
909.021*
1.025,8(9
Masth:
191*'*-Januar7
Pabmary
March
April
May
June
July
Auguet
September
October
November
December
19l*5-Jenuar7
Back Plgures:
Tor monthly data for the period January 19UI
through June 19lt2. see "Treasury Bulletin" for
September 1943, page 73.
-5,1*38
17,1*80
10.531*
-9.953
-57,289
29.275
70.296
26,852
76,248
-229.521
-2.lltl
773
157.M05
153.895
-195
-51*.
U.911
1.295
1.21*5
76.013
-2,061
-3.339
179.
MS
-1*27
-U72
-5.965
6.513
.
..
.
Treasury Bulletin
72
Money in Circulation
(Zn
ainiona of dollart)
Paper money
Aid of fiscal
year or month
Total
aoney In
circulation
1/
Total
p^er money
Gold
certlfIcatea
surer
Chlted
Stataa
note*
federal
Eeierre
notes
3.223
l.'»5l*
285
278
281
262
266
cortlflicatei
2/
S.llU
5.755
117
101
6.1*61
5.921*
5.93'*
7.01*7
6,1m
88
78
72
igto
7.81*8
igiti
9.612
12.383
7.2U8
8.932
11,600
191*4
17.1*21
22,501*
16,1*92
21,1*38
19lA-Mareli
a. 115
20,086
iprll
21.552
22,160
20.513
5.567
1935
1936
1937
1938
1939
6,21*1
6,UU7
191*2
19't3
May
June
,
.
.
October..
HoTesber.
Decenber.
191*5- January
.
Tebniapy.
March p..
955
1,078
1.230
'*,002
i*.i69
U.lll*
— 2J—
70I*
81
52
38
366
269
a7
l*,l*8l*
26
186
22
20
19
1.582
21*8
5.163
1.711*
1.751*
l.6it9
6,6gl*
1,588
9.310
13.7U7
18.750
581*
5"*
300
317
322
322
597
165
150
139
132
126
55
1.5^3
318
17.1*29
613
127
5"
5U
54
1.550
1,601
1.588
3a
32U
322
17.852
18.395
18.750
608
603
597
127
126
126
51.
1.578
1.582
1.586
322
53
53
18.951
19.527
20,017
590
587
582
125
125
125
23.300
23.875
21*. 151
53
53
53
1.592
I.60U
1,611
32U
325
2l*.lllO
23.791*
21*. 1*25
25.019
25.307
25.290
25.751
25.890
53
53
53
1.561
1.583
1.589
21*.
2"*.
593
720
P
63
32l*
323
20,631
3a
569
560
12U
123
316
320
320
296
316
32
35
38
?9
12l*
5a
a, 200
a, 1*82
21.533
21.964
22.092
55U
550
123
sUl*
122
122-
Honey in
circulation
per capita
(In dollars)
Subsidiary
silrer
Standard
silrer dollars
523
527
558
19UO.
I9UI.
701
national
bank
notes
21,622
22.200
22.688
22.699
23.292
Ind of fiscal
year or month
19351936.
1937.
1938.
1939.
2/
Federal
Beserre
Bank
notes
59
57
a. 105
a, 1*38
22, 501*
July
JLu^st .
SeptMib*r.
Treasury
notes
of I89O
125
31*1
\^
31*2
11*6
361
155
1*6
381*
II
169
19U
213
236
263
$
U3.66
1*8. 60
1*9.88
U9.62
53.72
59.'*7
19l*l*.
599
680
783
929
1.066
103
50U
610
700
19Ul*-M«rch.
1.029
98
676
255
April.
May...
June.
1.039
100
102
103
682
693
700
263
July
August ....
September.
1.077
1.092
1,106
105
107
109
707
716
725
266
269
272
October.
Horenber.
December.
1.125
111
l.lUi*
1.156
276
280
282
ISO. 52
116
738
751
758
19l*^Jaimary..
Tebruary,
March p..
1.150
1.158
1.170
117
751
757
765
282
283
285
181.95
185.15
166.1
6.0U
191*2.
191*3.
Sonroe:
p
1/
81*
U8
120
Circulation Statements of [hited States Money and Annual Report of
the Secretary of the Treasury for 191*1*. pages 77'*-777.
Preliminary.
Ixcludee (1) money held by the Treasury and (2) monstr held by or
Infor the account of the federal Raeerre Banks and their agents.
cludes paper currency held outside the continental limits of the
2/
^
72.16
91.88
127.61*
163.07
153.1*2
156. U5
160.72
163.07
l6l*.iU
168. U9
171.98
176.39
182.19
Onited States.
Sold certificates and Treasury notes of 1890 in circulation are
being canceled and retired upon receipt by the Treasury.
federal Beserre Bank notes and National bank notss are corered by
deposits of lawful aoney and are in process of retirement.
U.S. Treasury Dept,
Treasury Bulletin
^
us, TREASURY LIBRARY
1
0031934
@FedFRASER