Full text of Treasury Bulletin : May 1949
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SEP!
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LIBRARY
ROOM 5030
JUN 211972
TREASURY DEPARTMENT
BUY
AND
HOLD
UNITED
S
TAT
E S
SAVINGS
BONDS
FMEAmmv.
BmiLEFm
MnV-1949
UNITED STATES TREflSURV DEPRRTMENT
OFFICE DF THE SECRETBRV
May 1949
Table of Contents
Page
Treasury financing operations
A-1
Summary of fiscal operations
1
Budget receipts and expenditures
2
Trust accounts, etc
8
Treasury cash Income and outgo
11
General Fund of the Treasury
14^
Debt outstanding
15
Statutory debt limitation
Ig
Debt operations
I9
United States savings bonds
25
Treasury savings notes
28
Ownership of Federal securities
29
Treasury survey of ownership of Federal securities
3I
Market quotations
35
Yields of Treasury and corporate bonds
38
Internal revenue collections
ko
Monetary statistics
44
Exchange Stabilization Fund
48
Capital movements
50
-
Corporations and certain other business-type activities
Income and expense, and source and application of funds....
64
Cumulative table of contents
71
Note:
In those tables where figures have been rounded to a
specified unit, all calculations (including percentages) have been made from unrounded figures.
Consequently the details may not add to the totals shown.
.
May 1949
A-l
Treasury Financing Operations
Treasury Bills Retired and Refunded
Treasury bills maturing In April totaled
Treasury bills maturing In March totaled
$5,0 billion, and the amount refunded was $4.R billion.
The Issues maturing March 3 and 10 amounted
to $900 million each and were refunded In full.
$3-7 billion, and the amount refunded was $3.6
billion. The Issue maturing April 7 amounted to
$1,000 million, and the new Issue totaled $900 mil-
Issues maturing March 17 and 3I were for $1,100 mil-
lion.
The other three Issues maturing In April
amounted to $900 million each and were refunded In
lion each and the new issues were for $'^00 million
full.
The
The maturing Issue dated March 2k amounted
each.
to tl 000 million,
,
The average rates of discount on the four
Issues beginning with the Issue dated April
7.
were,
and the new Issue amounted to
$900 million. The average rate of discount was
1.163 percent on the Issue of March 3, and I.162
percent on the four March Issues which followed.
Bote: Details of Treasury msirket financing operations are
shown In the tables on "Offerings" and "DlspoEltlon",
respectively, of marketable Issues of bonds, notes.
In sequence,
cent,
I.160 percent, 1.153 percent, 1.157 per-
and 1.156 percent.
and certificates of IndebtednesF, and in the table "Offerings of Treasury Bills", in this issue of the "Treasury
Bulletin"
May 1949
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollare)
.,
.
.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
(In
Xnt«raal reT«oue
MlBcalla-
VltUiald
by
o«plo7«r«
i;""!
19'>2
WkS
Wkk
WkJ
19W
19'>9
(EstlBBtSd).
19V> (latlKtsd).
19'^JulT
August
S«pt««ber.
.
October
35,173
19,292
19,735
30,885
29,306
31,171
1,701
2,0Sk
2,381
7,725
8,0k9
8,301
kO,310
39,379
10,lHk
10,680
19,825
20,707
30,239
31,387
2,599
5,273
8,512
8,553
535
1,165
719
k03
2,939
1,25'!
67
677
1,568
3,632
lilO
3'', 655
2U,a8l>
9,392
10,013
U,li36
21,''93
69l>
537
1,198
.
.
71'.
.
.
609
1,276
757
61.3
385
2,328
2,152
1,1HI>
'',3'>2
l6,09'i
Cro««
rac«lpt«
1/
rvTwaott
7,362
12,993
22,lkk
kl,685
.
Source:
int«rD&l
2,967
3,8k7
k,553
5,291
6,9k9
7,960
.
February.
Other
r»o«lpta
Toua
92?
1,186
1,»98
1,739
1,780
3, '•70
IfoTaaber .
)tarch
Total
&q)1.07aBnt D«oua
tAxet
latem&l
2/
7,960
16,09*
26,262
December.
19lt9-januar7
Other
3,'>70
8,393
10,289
19"^
19*7
of doll«r«)
and proflt« taxes
Inca
71ac&l year
or Month
IllloM
^
130
1,180
1,583
3,Ok2
38k
13k
2,762
2,690
5,100
ill
65
5k
2k2
295
93k
3,325
Appropi-latlooa
to 7»<loral
Old-A^ and
Rsfml*
SurrlTora
Ineur&oce
Trust Fund
6/
1/
of
receipts
688
80
85
TO
Ret
racelpte
i/
257
1,679
7,227
12,696
22,202
k3,892
kk,762
2,973
3,006
2,272
kO,027
kO,Ok3
k2,211
2,709
2,097
39,580
kO,985 8/
392
389
32k
k31
355
3, '•9*
7,996
13,677
23,k02
k5,kkl
k7,750
''1,853
k35
k9k
k22
3,k92
k,635
3,82k
kk,238
kk,50e
k6,099
1,616
kl,350
k5,213
k07
k07
2,287
l,8k2
kk,Okk
k7,k62
k,120
1,998
2,720
k,k38
31
3k
35
271
195
12k
2,300
2j9k8
k,597
63
380
8
IkO
7k2
676
k6
2,096
2,505
k,5k3
768
768
702
2,013
2,73k
3,878
36
33
lk9
17k
lk5
2,199
2,9kl
k,062
59
358
7
39
k3
kl
2,101
2,5k0
k,01k
638
65k
720
3,k53
30
29
192
123
111
3,675
3,935
6,133
38
280
26
58
273
672
3,57?
3,301
5,k35
Actual flguree frca Dally Troaaury Statenant; eatlaatee baaed on
the 1950 Budget docuaant. Including effect of propoaed changes In
employaent taxes and miscellaDeoua receipts
Receipt cloaslflcatlona
.
''3,902
38
^;9^
3''
896
,130
,292
,310
,238
>59
1, 75k
6k
shovn here are based on the Dallj Treaaury Statanent and therefore
differ aoaevhat froa thoee In the Budget.
7ootziotee at end of Table 5<
Table 2.- Eacpendlturee by Major Classifications
(In alUlona of dollars)
risoal Tear
or aoDth
Rational
defense
19kl
19k2
19k3
19kk
19k5
6,655
28,266
75,297
89,720
90,501
19k6
19k7
19k8
k8,e70
16,766
11,36k
19k9 (Estlnatad)
1950 (Estlaated)
19k8-JttU'
August
Septeaber .
October
Noreaber
Deceaber
I9k9-Januar7
February
March
Source:
.
.
.
.
.
.
.
.
.
.
Intama-
Veterans'
tlooal
finance
and aid 2/
Adjilnls-
the
public
debt
1,111
1,260
1,808
2,609
3,617
727
k,928
7,lk3
11,812
Ik, 030
tmtlon
Other
ii/
Total
expenditures
5/2/i2/
563
556
Expend Iturea
of Forelsn
EconoBLlc
Cooperation
Trust rund
li/
Total
expendlturee
adjusted for
T.i.C.
Trust Fund
13,387
3k, 187
79,622
95,315
98,703
730
2,060
5,059
k,105
1,91k
2,256
2,525
13,387
3k, 187
79,62a
95,315
98,703
k,722
k,958
5,211
k,253
7,259
6,k69
2,133
5,378
6,603
60,703
39,289
36,791
3,682
6,2k6
5,325
5,k50
6,667
5,313
9,69k
10,818
37,180
kl,858
3,000
kO,l80
kl,858
1,155
800
715
155
138
282
286
Ilk
570
788
539
k87
1,17k
551
815
3,558
2,lk3
2,869
183
192
196
3,7kl
2,335
3,066
931
957
1,017
17k
206
153
212
122
1,112
k90
618
555
878
911
767
2,685
2,815
3,603
226
3k7
k99
2,911
3,163
k,102
l,0k3
aoo
276
505
319
Ikl
589
528
5k7
6kO
878
751
778
2,968
2,6k6
3,621
237
326
30
3,205
2,972
3,651
930
1,109
Actual figures froa Dally Treasury Btataaent; eetlaates based on
the 1950 Budget docuiaent, Including effect of proposed legislation.
Ex]>endlture classifications shovn here are based on the Dally
602
-3,000
60,703
39,289
33,791
Treasury Statenant and therefore differ sonevhat frco thoee In the
Budget.
Footnotes at end of Table 5.
..
May
1949^
BUDGET RECEIPTS AND EXPENDITURES
Table 3«- Expenditures for National Defense and Related Activities
(In millions of dollars)
Depar'tanent
Fiscal year
or month
of the
Air Force
Departanent
of the
Bepartasent
of the
Army
Navy
16/
lit/
Will
3,678
igiia
111,070
19''3
U2,a65
igWt
W"*?
Il9,2ll2
50,337
2,313
8,580
20,888
26,538
30,0U7
igW
19'>7
27,800
6,911
15,161
It, 998
igW
6,01.6
19U9 (Ee tins ted)
1950 (Estlmatwi)
19U8-July
Aug\i6t
Sfptember
October
November
December
.
.
.
.
.
.
.
.
191*9- Jan-jary
Februniy .
March
. .
1,532
3,556
1,91*7
35k
259
2,255
3,189
2,682
6,180
1.72
6,305
328
138
It6,870
2, ''32
6,655
28,266
75,297
89,720
90,501
1,501
1.1.2
It.lTl
268
325
'.,U7
519
8
','•55
13
121
31
33
U,812
1
191
187
21.
1,679
629
llt,030
1
2
20
3
10
2
1
10
9
117
122
150
li43
3118
1*19
381
378
529
51
929
2,776
3,812
3,227
271
277
322
332
50l»
18/
other
20/
1,986
270
328
217
•117
a^ncies
Beconstniction
Finance
Corporation
12/
106
37''
II17
Surplus
property
disposal
States
Maritime
Commission
12/
66'.
67l»
136
165
anted
69I.
69
120
139
l;6l
Paymente
under Armed
Forces
Leave Act
376
356
395
Actual figures from Dally Treasury Statement; eetljnates based on the
1950 Budget document. Including effect of proposed legislation. Expenditure classifications shown here are based on the Daily Treasury
15
1,155
800
715
10
U
U
13
16,766
U,36'4
18
7
931
957
1,017
8
6
1,01.3
10
10
6
7
930
1,109
15
7
Statement and therefore differ sonewhat from those in the
Budget.
Footnotes at end of Table 5.
Table 4.- Expenditures for International Finance and Aid
(In millions of dollars)
.
•
.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 5.- "Other" Bxpendlturea
(In BlUloDa of dolluv)
Social
•*oarit7
Aid to
•^rloultor*
or acoth
^
2i/
Public
vorka
26/
Bool log
and boa*
flaaoo*
Direct
SDd work
22/
28/
?,0?9
*,10?
1,91*
2,836
8,38?
^6
1,378
2,267
3,1*5
8,133
5,378
6,603
1.683
1,971
-*1
106
*,37*
*,8a2
9,69*
10,818
-8
69
138
137
1*6
-20
590
218
363
1,17*
551
815
178
86
108
1*7
1*8
1*1
-9
-7
275
371
2*6
8T8
911
767
155
1*8
?7
10*
93
107
2
-7
-3
3*7
385
355
878
751
778
1,872
1,385
58?
696
969
6?6
738
798
807
7*1
673
?35
*85
313
19*6
19*7
-803
1,886
788
8*5
1,066
1,619
359
690
1,126
-8*6
129
1,9*0
1,888
1,738
8,038
-*3
110
856
308
Aoguct
S«pt«mb«r
October
IoT«ab«r
Deccaber
875
381
88?
869
137
261
19*9
1970
,
(Zatlaatcd)
(Satmtad)
19*{t-Jul7
.
. . .
19*9-JaDuaX7
rebmazr
March
tree:
1/
2/
^
*/
^
6/
2/
8/
2/
10/
11/
12/
1*/
1^/
79
Actual flgiiraa frcB Dally Traaaury, Stataaant; eatlaataa baaad co tha
1950 Bul^t docuaant, including effact of propoaad laglalation. Ezpandlture claaaiflcatione ehovn hara ar« baaad on tha Dailj Treaeury
Stataaant and tbarafora differ eossevhat frcn tboea in tha Budget.
For further detail, eee tables under "Internal Keveniia CoUectlona".
Peceipta of Victory taxes withheld pursuant to the FeTenue Act of
19*2 ape claaeifled as "Other" inccoe and profita taxaa.
CoQsieta of recaipta for old-age Insurance, unemplojaent insurance,
end railroad retireaant; for details see Tables 7 and 8. Excludes
railroad unamployaent Insurance contributions, vhlch are Included
In "Other receipts".
laoludee proceeds from the sale of surplus property and froa Goremasnt-ovned securitlee; also Includes deposits resulting from renegotiation of var contracts (for detail see "Treasury Bulletin" for
February 19*8, page 5)
Both budget receipts and budget expenditures exclude payments to the
Treasury, principally by vholly owned CoTerroient corporations, for
retlr«aent of capital stock and for disposition of earnings, (see
"Treasury Bulletin" for February 19*9, page A-8).
Peprasents appropriations equal to "Social security
ecployaent
taxes" collected and deposited as provided 'jnder Sec. 201 (a) of the
Social Security Act Amend iwnte of 1939. See also Table 7.
Ixcludes interest on refunds, (see "Treasury Bulletin" for February
19*9, page A-8).
Allova for deduction of appropriation of $26o million for Health
Inenranca Trust Fund, under proposed legislation.
Figures for fiscal year 19*8 Include $3,000 allllon transfer to
Foreign Economic Cooperation Trust Fund; figures for fiscal year
19*9 (actxial and estimated) exclude axpendituraa tram this fiaid.
Includes public works undertaken by the TeteranA* Adamis taction.
Includes interest on refunds of receipts (eee footnote 12).
In addition to the exclusion of certain payments to the Treasury
as Indicated in footnote ^, total expenditures shown here exclude
refunds of reoelpte, which were fonaerly shown as a classification
of expenditures but which are now shown as a deduction froa recaipta (see Table 1, preceding). Interest on refunds, foraerly
included with refunds, le still carried as an expenditure but is
shown under "Other" expenditures. Budget expenditures also exclude
saowtte for public debt retirement which are chargeable to the
sinking fund, etc., under special prorleions of law, and include
transfers to trust accounts and net expandlturae of wholly owned
OoTerment corporations , etc
except payaents to tha Treasury
mentioned abora.
Established in accordance with the Ecowalc Cooperation Act of 19*8.
IVegatlTe figures Indicate recelpta.
See footnote 1^/.
Depertaent of the Anay expenditures Include expenditures on behalf
of the Departoent of the Air Force which are made out of appropriations to the Departaent of the Am^, but exclude expenditures for
the following:
payments under the Araed Forcee Leave Act, URPRA,
and surplus property disposal, shown elsewhere in Table 3; International finance and aid, shown in Table *; rirer and harbor work
and flood control. Included under "Public works" In Table 5; and
Panaaa Canal. War expenditures of the Pana^ Cnnal, all prior to
July 1, 19*7, are included under "Other" in Table 3; other expendlturaa of the Panaaa Canal are included under "Hlacellaneoue" ID
Table 5.
.
^
?86
—
MltcallAn»ou«
22/
i.oe*
6es
118
679
7*8
19*1
19*8
19*3
19**
19*?
1^
ralKf
16/
17/
18/
19/
80/
81/
28/
1,37*
970
299
17
3
-801
-35*
-360
'307
8
9
Departsant of the lary expenditures except those for peyasnta
under the Axaed Forces LeaTs Act, UBiwA, and surplus property
disposal, shown elsewhere in Table 3, and those for InteraatlcDal
finance and aid, shown in Table *.
Exclivlee expenditures for UHRRA and surplus property disposal,
shown elsewhere in Table 3
Beginning Iferch 19*8, includes rsimburseaent for expenditures by
the Departaente of the Aniy and the RaTy for care and handling of
surplus property orareeae.
Rational defense and related actlTltiee of P.F.C. and its
affiliates. After July 1, 19*7, expenditures for thsss purposes
were not ssgregated froa the other expenditures of the Corporation
and its affiliates, which are included under "MlscellsneouiT expenditures in Tabls ?.
For content before July 19*8 see "Treasury Bulletin" for February
19*8, page 7, and September 19*8, page *. Beginning July 19*8
consists of expeulituree of the SelectlTs Serrice System and the
Office of the Secretary of Defense.
Excludes expenditures under Bconoalc Cooperation Adalnlstratlon,
shown elsswhere in Table *,
Excludes expenditures for Intematiooal finance and aid shown elsswhere In Table
Figures for the fiscal year 19*8 include $3,000
million transfer to Foreign Scoooaic Cooperation Trust Fund; figures
fco* the fiscal year 19*9 (actual and estimated) exclude expenditures
fron this fund. The fiscal year 19*9 transactions shown here represent expenditures for loans aeds through the Export- Inport Bank
under the Econcaic Cooperatico Adt of 19*8.
Consists of expenditures by ths State Depertasnt for the International Children's bergency Fund and for the loan for construction
and furnishing of Ihilted Rations headquarters.
Departaent of Agriculture expenditures except those for UIIRRA,
surplus propsrty disposal, otbsr national dsfense and related
actlTlties prior to July 19*7; international finance and aid; and
forest roads and trails, included under "Public works" In Table ?•
For more detail of thsss expenditures, sse Tables 7, 8, and 9*
Expenditures for ths U. 8. ]&q>loyaent Serrice during the fiscal
yeare 19*3 throt^ 19*6 are excluded froa Table ' and Included
under "Other" in Table 3 as national defenee expenditures.
Fsdsral Works Agency expenditures except thoee for surplus property
disposal, other naticnal defenss and related actlTlties prior to
July 19*7, and assistance to Greece and Turkey. Includes also
rlTer eui harbor work and flood control, foreet roeds and trails,
Bureau of Peclamaticn, and Tennessse Valley Authority.
Housing and Boss Finance Agency expenditures except thoss for
surplus property disposal, and for othor national dsfsnse and related actlTlties prior to July 19*7.
Rot classified separately for fiscal yeare after 19*5. For additional information for earlier years, see "Treasury Bulletin" for
Ai^ust 19*5, page 6.
Includes sxpsndituree for exscutlTe departasnts not Included elsewhere (Including interest on refuxKls of receipts) and for leglslatlTe and Judicial fmctions; Coremaent ccotrlbutions to GcTsmasnt saployeee' retirsasnt; stomlc energy; aids to education, labor,
finance, commerce, and IMustry; CiTil Aeronautics; Panaaa Canal,
except war expenditures; Post Office deficiency; stock-piling; and
for 19*9 and 19?0 estlaatee, reserres for contlngsnoles.
Leas than $yiO,000.
li
8^/
2*/
2*?/
26/
,
27/
28/
29/
•
.
May 1949
BUDOET RECEIPTS AND EXPENDITURES
Table 6.- Summary by Months and Calendar Years
(In mlllloaa of doUare)
Calendar year
Apr.
Ma;
July
Aug.
Sept.
Net budget recelpte l/
I9I1O.
igiii.
19'»3.
309
1*39
331*
571
783
ItU
751
9kg
SAW
3,613
3,770
3,725
19W1.
19'i6.
igliT.
19U8.
19U9.
2,1*914
791
1,557
3,538
5,202
6,532
6,661
3,58U
5,501
'»,196
1*,196
'',158
5,31*2
5,871*
3,579
3,381
5,1.35
296
383
686
1,508
3,01*7
2,786
2,159
1,962
2,239
393
386
556
599
1,270
325
1*1*0
703
327
356
731*
5,712
1*07
739
2,001
390
581
1,128
2,511
1*37
2,1*69
558
59U
2,093
2,105
2,322
1,205
2,695
5,730
16,290
5,321*
l*,067
1*3,531
1*3,928
2,288
2,692
It,
050
197
38,810
2,51*0
It,
Oil*
1*1,1*50
1,187
9,61*5
1,890
6,012
2,681*
6,181*
6,926
20,229
57,751
7,619
7,91*7
7,71*1*
90,171*
8,031*
7,8u
8,327
5,619
1*,530
1*,96S
97,181
87,522
2,860
2,391*
2,1*53
2,11*3
2,685
2,815
3,605
3,176
3,603
-31*
-56I*
-3,931*
-1,891
-5,585
-5,595
-532
-1,332
-1*52
-861
-1,1*79
-11,762
-U,231
-1*1,1*61
-S,011*
-3,001*
-55,691
-53,650
-895
-1*3,591*
1,'»72
'.,567
2,895
2,900
6,182
5,702
2,21*3
3,963
2,297
l.,929
l*,859
2,321*
599
,711*
5,1*1*1
2,021*
2,078
,1*32
5,803
1,900
2,1*35
2,656
'',875
2,1*53
2,182
2,281
2,096
2,2ll6
U,386
2,1*1*0
2,1*38
l.,6l2
2,505
'*,5'*3
2,339
2,101
801
1,668
738
1,989
5,921
7,667
7,779
6,372
It,
8,1*67
3l*,l*83
1*1,010
Budget expendlturee 2/
19'*0.
191*1.
191*2.
677
191*1*.
1,133
2,680
6,728
7,737
191*5.
8,11*2
I9I16.
U,8ll
3,019
2,800
2,968
191*3.
19'*7.
191*8.
191*9.
62U
1,076
2,652
6,358
8,012
7,127
3,31*0
3,731
2,221*
2,61*6
798
710
1,1*82
l,llOll
3,515
3,939
7,300
7,337
7,758
7,71*6
10,1*12
9,031*
3,598
3,239
3,086
3,621
3,750
3,1*07
2,51*1
605
1,352
881*
8U3
1,591
U,8l0
8,260
8,631
1,631
5,257
7,1*99
8,011*
7,831
S,20g
9,51*0
8,561
6,91*9
3,371*
3,281*
U,836
7,018
3,287
3,553
3,558
2,71*5
2,222
1*,1*00
7,1*75
6,879
8,927
1*,996
Budget surplus, or deficit (-)
-368
-799
-2,109
191*0.
191*1.
191*2.
-665
-1,901
-7
75
23
-181*
-5,91*6
-l*,997
-5,1*09
-2,51*3
191*1*.
-5,518
191*5.
-U,683
-3,511*
-3,880
-2,373
191*6.
-1,01*2
21*3
191*7.
706
1,396
611
1,931*
1,902
2,102
2,788
736
1,811.
191*3.
191*8.
191*9.
1*61.
-1*11*
-1,022
-3,253
-5,792
-I*, 291
-213
-966
-285
-321
-1,221*
-3,81*1*
-2,31*1
-U,5l8
-6,002
2,11*3
2,663
2,673
2,869
1*1,322
38,576
37,565
^
-3,1*10
-1*,293
-1,1*97
-3,165
-5,706
-2,208
-1,105
-1,272
-1*99
1,723
-1*20
-165
1*1*5
-2,512
-521*
51*9
1,022
2,1*31*
362
1,91*0
1,671*
-55
-1,1*62
-58I*
-275
1*10
3,885
-226
-31*7
-1*99
1,356
-810
-623
-3,693
-5,1*98
-3,981*
-2,1*1*9
-6,028
-3,838
-5,937
-6,126
-1,591
-1,131
-987
103
-873
-67
-2,159
-302
2,962
891
2,328
-361
-1,278
-U,875
-5,117
-5,776
-519
-1*,972
-1,1*1*5
5,1*56
-2,227
-1,976
-6,131*
-5,1*17
-5,851*
Net transactions of the Foreign Econcnlc Cooperation Trust Fund h/
-183
3,000
191*8.
-237
191*9.
-326
-192
-196
-30
Surplus, or deficit (-), adjusted for Econamic Cooperation Triiat Fund traneactlona
191*8.
1,396
1,931*
191*9.
371*
I109
Source:
1/
2/
2,788
1,783
-302
103
Dally Treasury Statement.
Gross recelpte less deductions for appropriations to Federal OldAge and Survivors Insurance Trust Fund and for refunds of recelpte.
Excludes refunds of recelpte, which are shown as a deduction from
receipts {see footnote 1), certain payments to the Treasiiry, principally by wholly owned Goremment corporations, and asiounte for
public debt retirement which are chargeable to the sinking fund,
etc., under special provisions of law; Includes transfers to trust
81*1
T -1,6U5
1,1*77
5,21*1
accounts, and not eipendlturea of irtioLly ovned Goremment corporations,
Flgin-es for
etc , except pajmenta to the Treasury mentlonfid above
June 1914-8 Include $3,000 million transfer to Foreign Economic Cooperation Trust Fund; figin^e for subsequent months exclude expenditures from this fund.
Net receipts less expenditures.
Established In accordance with the Economic Cooperation Act of 19^8;
poeltive figures Indicate net receipts and negative figures Indicate
net expenditures.
.
^J
169
.
...
.
5
k
.,
1
5
2
8
5
9
k
.
2
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table ?•- Social Security Act
Budget Receipts and Expenditures
-
(In Billions of dollars)
Bscslpts
Gross receipts
Xxoeat of
net receipts,
or expoDAl-
Flec&l jftor
or mont^
turea (-)
Social security taxes
Tot&l
Federal UnenplojaaQt
Tax Act
(DtoeaplOTBent Insurance)
Federal Insurance
Contributions Act
(Old-age Inaumnce)
ApproprlatlooB to
Federal Old -Age and
SuxTlTors Insurance
Trust Fund g/
Fe funds of
Boolal
Bscurlt7
let
receipt*
688.1
895.6
1,130.5
1,292.1
1,309.9
2.5
3.3
2.7
k.o
7.2
97.6
116.6
155.7
175.9
177.k
1,238.2
l,k59.5
1,616.
5.8
8.2
7.2
17k. 1
X9^i
-306.7
1,1>9''.5
690.6
895.6
1,130.5
1,292.1
1,309.9
19"^
19*7
-363.5
-573.3
-«39.7
1,418.1
1,238.2
179.9
l,61il..3
1,1'59.5
18k.
1,8211.1
1,616.
207.9
-lk5-0
6k .6
392.5
8.2
63.1
379.6
8.0
1.6
12.9
63.1
379.6
8.0
1.0
.6
.2
.7
.8
12.3
-.5
58.8
357.6
7.1
1.7
12.3
1.5
58.8
357.6
7.1
.8
.8
.7
.7
U.6
38.0
279.8
25.9
Ik.
38.0
279.8
25.9
.5
Ik.O
152.2
8.k
iglil
-3''9.3
19^2
19*3
-381..
-368.8
19"
19W
19k8-Jul7
August.
Sept«Bber,
-6li.8
.
-68.8
788.2
1,015.6
1,288.9
l,k72.0
October.
RoTember.
-98.5
-73.7
Iteceaber.
-iflo.u
60.5
370.0
8.6
-68.5
52.5
U.3
It32.6
19*^9- January.
.
FebruAry.
March
-117.7
35.0
97.7
119.9
158.k
179.9
18k.
152.8
9.0
176.7
200.7
.8
.5
.6
Expend Iturse
AdainletratlTe
expensee
fiscal year
or nontb
19kl
19k2
kk6.8
501.1
31.6
31.6
19k3
19kk
19k5
52k.
33 :k
520.2
k8k.l
19k6
19k7
19k8
19k8-Julor
August.
Septeaber
.
Bureau
Total
Oneoq)107-
Old-age
asalatance
Aid to
dependent
children
Aid to nent compensation
the
bllnl admlnletratlon
Maternal
and child
health
earrlcea
Sarrlcea
for
crippled
children
k.o
k.o
3.8
3.8
Child
welfare
serrlce
7.1
8.0
8.5
10.3
10.0
63.0
32.2
32.2
63.2
69.
67.3
57.0
52.8
70.3
55.1
36.3
3k.2
5.5
5.9
6.5
6.2
5.k
3.8
1.6
l.k
l.k
537.6
750.0
8k0.k
39.2
25.5
20.1
k98.k
361.2
515.7
573.1
59.3
113 .k
819.6
lkl.7
10.3
Ik.
16.9
55.6
59.8
66.6
6.3
10.7
10.5
k.2
7.5
7.k
1.3
2.0
3.k
lk5.6
77.0
68.3
l.k
1.1
1.2
lk3.9
72.9
67.1
58.0
55 -k
k9.5
16.5
Ik.l
13.6
1.8
1.5
l.k
6k.5
l.k
1.1
1.0
1.2
.5
.1
.1
.k
1.1
.3
.6
99.k
98.2
8k .2
100.1
72.6
6k .2
51.9
18.8
17.1
13.8
2.0
1.8
1.3
1.0
2.0
l.k
.1
.6
.3
30.7
1.0
.7
8l.k
139.9
55.0
59.7
86.7
kO.2
18.1
1.6
2.6
l.k
.1
1.1
.6
30.8
.7
.1
1.3
.5
.8
101.2
19k9-Januar7 .
February.
March
82.k
lko.9
56.0
1.1
1.1
1.1
k/
Children*!
Social Security Administration
260.1
299.1
316.9
360.6
333.6
1.2
1.2
1.1
^
Grants to States
kl5.2
k69.6
k91.1
kSe.O
k51.9
October.
Horenber
December.
Source:
1/
2/
Trans fere
to Federal
Old-Age
and
SurrlTore
Insurance
Trust
Fund
85.
72k.
.3
3.0
Dally Treasury Statenent.
Excess of expenditures iB corered by appropriations by Congreea
Pepresenta appropriations equal to "Social security - employnent
t&xee" collected and depoalt«d as proTlded under Sec. 201 (a) of
the Social Security Act Aawndjaents of 1939.
Tax refunds deducted frcn receipts exclude Interest on refunds,
which Is Included under "AdmlnlstratlTe expenses",
Includes expenditures frosi appropriations Bade specifically for
adainlstratlTe expenses relating to the Social Security Act,
administrative expenses reimbursed to the General Fund of the
18.
10.5
6/
1.5
1.6
Public
Health
Serrlce
5/
10.8
ll.k
10.7
10.9
10.7
u. s.
bployDent
Serrlce
6/
20.
1.
.2
.1
.7
Treasury under Section 201 (f) of the Social Security Act, as amended,
adMlnlatratlTe expensee under the Wagner-Peyear Act, and Intereet on
refunds of social aecurlty taxes (eee footnote 3)Beglnnlng Jxily 1, 19^^, pajnente prerloosly made under the Social
Security Act were discontinued, and thereafter vere made under
proTlelone of the Public Health Serrlce Act of 19^1*.
Cloeelfled as "Executlre Office, Office for Itergency Management,
War Manpower Coaolsslon" through Jxtly 31> 19^.
Lese than $^,000.
. ....
.
2
3
May 1949
BUDGET RECEIPTS AND EXPENDITURES
Table 8«- Railroad Retirement Act
-
Budget Receipts and Expenditures
(In BllllaDfl of dollars)
Receipts
Flacal year
or month
19'il
W^a
WkS
19W
W"!?
191*6
WliT
19'>8
WW-July
Excese of net
receipts, or
expenditures (-)
Taxes on
carriers
and their
emploTees
Expenditures
Deduction:
fiefunds of taxes
on carriers and
their employees
Adalnietratlve
expenses
Ret
reoelpta
2/
8.7
21.6
-U.lt
1.8
-26.3
136.9
170.0
208.8
267.1
285.0
136.9
170.0
208.8
267.0
-12.8
77.3
-206.5
282.6
380.1
557.1
128.2
3.9
7.6
12lt.lt
5.1t
21lt.8
2.5
2.3
262.7
308.8
29lt.5
2.6
302.8
763.5
It.
291.9
298.5
758.5
llt8.lt
220.2
265.2
311.1
281.7
380.0
557.0
281t.8
-3l'5.6
2. It
2. It
3lt7.9
16.6
121.3
17.2
121.6
17.2
121.6
.5
.5
.3
.3
Octoljer.
-67.7
13.5
125.5
U.6
Ik.l
125.8
lt.6
72.lt
.It
13.9
125.8
.k
.It
.k
.It
-71.2
5.0
132.3
1.2
5.6
1.2
5.3
72.lt
.It
.U
.It
132.8
132.7
.5
.5
..
November.
December
.
I9U9-January,.,
February.
March
^
Dally Treasury Statement.
Eicesa of expenditures Is covered by appropriations by Congreee.
Tax refunds deducted frcm receipts exclude Interest on refunds,
which Is Included under "Administrative expenses".
Source:
1/
2/
3lt7.6
72.0
72.0
Consists of expenditures from appropriations made specifically for
administrative expenses relating to the Bailroad Betlrement Act, and
Interest on refunds of taxes (see footnote 2).
Less than $50,000.
•
Table 9.- Railroad Unemployment Insurance Act
lltO.9
5.0
August. .
September.
,
Transfers to
Railroad Betlreaent Account
(trust account)
1/-
Budget Receipts and Expenditures
(In millions of dollars)
Receipts
Fiscal year
or month
Excess of
receipts , or
lltures (-)
2/
Railroad
unemployment
Insurance
contributions i/
10.9
3. It
6.I1
8.2
2.5
2.2
3.2
3.7
19ltlt
19lt5
.6
10.3
12.1
13.2
I9I16
19lt7
-.2
12.9
19lt8
-.6
19lt3
.5
19118-July
August. . .
September.
October. .
November.
December
.
I9I19- January
.
.
February.
March . . •
.
Source:
1/
2/
^
.
Total
6.8
8.5
-U.l
2.1
2.1
-2.7
19ltl
19li2
Expenditures
Administrative expenses (Railroad
Unemployment
Insurance Administration Fund) It/
llt.9
1£.6
llt.5
^
7.5
3.9
6.0
U.7
8.9
9.6
9.2
9.7
13.1
13.7
15.1
111.
Transfers to Railroad
Unemployment Insurance
Account, Unemployment
Trust Fund
-8.9
-1.2
-.U
8.9
1.2
.It
8.5
.7
.5
.It
.It
-.It
.It
.4
1.9
2. It
.5
.5
-.It
*
.It
.It
2.2
-.5
1.9
2.6
.3
.5
.5
2.5
.6
.6
Dally Treasury Statensnt.
Operated ae Railroad Unemployment Insurance Administration Fund.
Excess of expenditures Is covered by appropriations by Congress
Represents 10^ of contributions UQler the Railroad Unemployment
InsiQ^ance Act; the remaining 90^ Is deposited In the Railroad
Unemployment Insurance Account, Unemployment Trust Fund.
(See
Table 7 under "Trust Accounts, Etc.") .
It/
^
•
.3
Consists of expenditures from appropriations made specifically for
administrative expenses relating to the Railroad Unemployment Insurance Act.
Represents excess funds of the Railroad Unemployment Insurance Administration Fund (under Act of Oct. 10, 19ltO).
Less than $50,000.
..
. ...
...
'
Treasurii Bulletin
TRUST ACCOUNTS, ETC.
Table 1.- Sumnary of Receipts and
Bxpendltures of All TruBt Accounts, Etc.
Table 2.- Receipts, by Principal Accounts
(In KlUlosa of dollars)
(la »llllop« of doll«r»)
Ret
recelpta,
or expend •
Itures
fiscal j»ar
or acnth
Expenditure*
^
Receipt*
1/
flac&l year
or month
Total
Inreet-
(-)
ente
Federal
Old-Age
and SurTlTora
Insurance
Trust
Fuid
Ballroad
Retirement
Account
7U
Unaaployment
Truat
Fund
Rational
Serrlce
Life
Insurance
Fuid
19*1
908
19li2
19*5
-1,613
-338
-2,222
791
2,665
3,218
3,95*
5,085
7,086
1,338
1,925
3,00*
*,129
5,200
kl9
2,905
1,287
3,178
1,09*
1,757
*,830
*,292
7,307
6,29*
19*1.
19*2.
19*3.
19**.
19*5.
2,665
3,218
3,95*
5,085
7,086
1,218
1,395
1,*3*
127
1**
221
273
32*
1,11*
1,2**
1,399
1,567
1,508
k6
316
905
2,127
19*6
19*7
19*8
-52*
-1,103
2,706
7,712
6,2**
9,515
3,668
3,362
3,060
k,568
3,985
3,750
8,236
7,3*7
6,810
19*6.
19*7.
19*8.
7,712
6,2**
9,515
1,386
1,623
1,807
312
323
797
1,280
1,289
1,313
19*9 (KstiKtsd)
19^ (latlaatsd)
-3,010
18
5,957
8,799
2,719
2,000
6,2*8
6,782
8,967
8,781
19*9 (latl»t«d) 5,957
1950 (Estimated) 8, 799 i/
,985
,386
615
778
-178
10
-570
817
707
173
526
121
327
*69
576
*16
995
697
-1**
-30
-718
287
690
31*
6
*a5
557
731
-321
-15*
-3*5
238
5**
-20
35
1^
173
WO
kl8
W^S
19W
19*a-July
Soptflaber.
October.
Horeaber.
.
Decflab«r.
19*9- January...
Tobruary
Harch
.
16*
300
817
707
173
63
383
19
3*8
7*3
19*8-July
August. .
September.
*31
720
1,031
October. ..
Norember
December.
287
690
59
72
31*
358
108
560
698
518
19*9- January...
February.
238
5**
38
280
72
March
173
37
1
Actual flguree fron Dally Treasury Statement;
eatlaates baaed on 1950 Budget document, Including effect of proposed leglalatloo.
Pecelpta Include tranafer of $3,000 million In
June 19*8, trcm General fund to Foreign Economic
Cooperation Truat Fund, eatabllehed In accordance
vlth the Economic Cooperation Act of 19*8; expenditures for fiscal year 19*9 Include expenditures from thlB fund.
.
.
Source:
1/
2/
i/
CoTem-
Goremmant
ment
employee a * Miscelretirement laneous
funds
2/
Ufe
Insur-
ance
Fund
1/
91
92
90
9*
97
175
222
37*
501
557
*10
50k
337
351
1,038
2,351
1,50*
7*0
103
13*
90
61*
578
59*
1,666
792
*,17*
1,172
1,*32
1,102
709
92
92
686
832
30*
310
**
225
19
59
*0
39
6
2*7
2*
27
50
33
66
28
227
*
26
30
100
*£
32
38
28
56
*0
36
29
1*9
20
37
35
3*
29
28
31
30
k7
*5
k
3
*
3
3
*
*
*
(Same as Table 1).
Consists of Alaaka Railroad, Canal ^ne, Civil Serrlce, and Foreign Serrlce
retirement funds.
Inclines Adjusted Serrlce Certificate Fund, Foreign Economic Cooperatlco
Trust Fund, District of Colixabla, Indian tribal funda, Insular posseeelaos,
Increment resulting from reduction In the velgbt of the gold dollar, and
seigniorage on silver.
Total Incl>»ie8 $26o mlllloa for Health Insurance Trust Fund under proposed
legislation.
Less than $500,000.
Table 3.- Investments, by Principal Accounts
(In millloos of dollars; negative figures are excess of redemptions)
Fiscal year
or moDtii
Total
Federal Old-Age
and Survivors
Insurance Trust
FuM
Railroad
Retirement
Account
19*1
19*2
19*3
19**
19*5
1,338
1,925
3,00*
*,129
5,200
6*2
821
1,035
1,172
1,137
18
86
1*0
182
19*6
19*7
19*8
3,668
3,362
3,060
1,002
1,19*
1,19*
156
1*8
569
19*9 (Estimated)
1950 (Estimated)
2,719
2,000 2/
1,370
2,1*1
365
19*8-July
Aueust
September..
526
121
327
October....
Rovember .
December. .
6
16*
300
.
19*9 -January . ,
February
March
.
Source:
1/
.
.
-20
35
100
(Same as Table 1).
See footnote 1, Table 2.
-26
300
260
Unemployment
Trust Fund
-5
Rational
Service
Life
Insurance
Fund
Government
Life
Insurance
Fund
30
*7
Government
employees
retirement
funds 1/
61
60
.,*37
35
31*
862
1,97*
73
97
1*0
280
393
399
102
**3
**6
2,053
1,23*
*6l
*7
60
32
309
282
363
328
*6l
209
262
365
-1,700
36
21
kl2
555
326
-21
-21
-30
121
-*0
23
10
50
-2*
-23
-35
167
15
10
15
*8
-90
23
-23
-1*9
563
866
1,228
,503
3*
2/
•
3
15
Adjusted
Serrlce
Certificate
Fmd
8
-1
227
11
8
9
7
5
3
5
15
5
17
U
7
Total includes $26o mllllcn by Bsmlth Insurance Trust Fund under proposed
legislation.
Less than $500,000.
:
..
,
.
8
9
,
.
U
, ,
May 1949^
TRUST ACCOUNTS, ETC..
Table 4,- Expenditures Other Than Investments, by Principal Accounts
(In mlllion6 of dollarB; nggatlTo figures are exceBB of credits)
Federal
Old -Age and
Fiscal year
or Bonth
SiirrlTorB
Insurance
Trust Fund
Pallroad
Eetlrement
Account
Unemployment
Trust
Fund
National
Serrlce
Life
Insurance
Fund
G ore rmtLsn t
Life
Insurance
Fund
GoTemment
employees *
retirement
funds 1/
Foreign
Economic
Cooperation
Trust Fund
2/
Sp«cl&l
depoelt
accounta
MlecellaseotiB
1/
(B«t)
Bodemptlon.
or Bale {-)
of securltlee
of aoTemmsat
corporations
ate., in the
market
(net)
UI9
2,905
1,287
3,178
19'il
W"*?
19l»3
I9W1
WliS
177
217
267
1,09't
1/
2/
25
151
280
282
302
50
267
323
2UU
1,57't
61i7
1,073
372
367
".3
19
21
17
183
19s
196
52
53
23
23
23
18
18
19
226
61
81
27
27
27
Sit
2k
112
117
169
27
27
29
16
17
19
ltl6
l»25
557
731
579
662
Ul8
70
56
72
2,3't9
65
57
55
59
67
325
(Sane as Table 1).
See footnote 1, Table 2.
Established In accordance with the Econoo&lc Cooperation Act of
Source;
128
28
27
559
869
859
3/
19lt8.
•
1,23't
3,000
271*
-852
1,809
30
Ii28
70
1.66
576
.
103
Ul
1.69
.
31*
-129
-271
-508
-1,669
20
22
23
19U8-July
August
September..
February
March
78
85
52
52
51
656
. .
30
2,2lt5
6,2U8
6,782
19^9- January.
'•5
337
b6l
260
233
963
1,170
I9U9 (Eatlmated)
1950 (EatlDBtei)
.
lUl
7U
289
317
19U8
October...
November .
December. .
131*
1
6
31
63
l.lW
358
19lt7
555
377
176
61
71
152
173
222
568
3,985
3,750
It,
igiifi
121
126
130
91
137
69I1
2,87U
1,553
95
359
-107
383
290
1*12
-109
-72
88
26
22
113
kl
-56
5
1.99
23
25
23
-5
1
-3
237
326
30
26
3k
35
9
277
3I17
-3lt
•
-k
3
71
10
59
lilt
3
Inclines Adjusted Serrlce Certificate Fund, District of Columbia,
Indian tribal funds, eipendlturee chargeable against increment on
gold, etc.
Less than $500,000.
Table 5.- Federal Cld-Age and SurvlvorB Insurance Trust Fundi/
(In mlUlons of dollare)
Expenditures other than InrestzDants
Eecelpte
Appropriations
Inrestby
Congress ments
Fiscal year
or month
Transfers
from
General
Fund
Benefit
payments
Salaries
and
Belmburseexpenses
aent for
Bureau of
adminisOld-Age
trative
and
expenses
Survivors
2/
Insurance,
Assets, end of period
Ret
Increase,
or decrease
Ihiexpended balanco
Investments
(-),
In
assets
To
credit
of fund
account
In
disbursing
officer'
account
etc. i/
1937-19110
1,792.1
19ltl
7^.1
19112
966.6
1,217.9
1,395.3
19't3
19I1I1
1,705.0
688.1
895.6
1,130.5
1,292.1
19lt5
1,1133.8
19''6
19117
19118
1,386.0
1,623.3
1,807. It
19't9 (Estimated)..
1950 (Estimated)..
1,985.3
It, 385.9
1,7511.0
63.lt
382.5
19.0
63.1
379-6
8.0
59.0
357.6
107.7
58.8
357.6
7.1
38.0
279.8
37.0
38.0
279.8
25.9
13,710.6
12,553.1
I9U8-JUIJ
August
September.
.
.
October
Norembar
December
I9U9- January
February
March
Inception through
March 19U9
Source
\J
2j
i/
87.1
56.0
71.0
87.lt
103.2
Ii7.lt
35.1
12.3
1,71*11.7
l,7lilt.7
91.2
137.0
176.8
217.2
6lt.3
26.8
26.8
27.5
652.9
829.6
l.Olil.l
2,397.6
3,227.2
U, 268.3
110.3
llt9.3
1,738.1
2,380.6
3,201.6
It,
236.
O.8I1.6
32.6
1,178.1
5,Ul.6.1i
5,lt08.9
266.8
357.9
239.8
320.5
26.9
6, 613. It
7,61tl.li
6,5lt6.3
7,5lt8.7
25.2
1,167.0
1,028.0
1,157.0
1,2U8.3
8,798.11
10,0li6.7
6.1
10.8
.5
6.2
5-2
20.lt
2lt.5
7.0
16.1
21.lt
32.0
35.1
lt3-5
I19.2
8,7112.3
7.3
U8.8
9,936.8
35.0
7't.9
1,309.9
1,238.2
123.9
l,lt59.5
163.5
190.6
.k
lt66.1i
lt25.6
.7
559.1
511.7
15.6
13.0
228.0
262.3
3.3
3.6
655.7
602.0
2,188.0
13.5
13.9
I1O.3
1,329.5
I12.9
2,lltl.l
11,376.2
13,517.3
11,306.6
2,2lllt.8
51.5
52.2
U7.0
51. "t
3.5
k.3
2.9
10,058.5
10,388.8
11.0
1.1
1.1
1.1
11.8
330.3
lt7.5
-32. It
10,356.11
9,916.8
9,916.8
10,281.8
59.0
392.0
5.1
.2
52.2
53.2
53-6
I18.2
1.1
1.1
1.1
2.9
3.5
3.1
6.7
10,363.1
10,667.5
10,721.7
10,255.8
10,255-8
10,555.8
3119.
19.3
5lt.2
1.0
1.0
1.0
3.1
2.8
22 It.
U.li
-22.2
10,705.6
10,930.5
10,908.2
10,555.8
10,555.8
10,815.8
302.lt
59.2
50.1
51.1
53.8
25.2
67.6
72-3
67.3
2, 802. It
2,U83.6
228.8
90.1
10,908.2
10,908.2
10,815.8
25.2
67.3
1,616
It,
.2
120.0
llt7.8
.3
3.0
100.7
5I1.9
1,153.3
k.3
37.lt
lt6.9
It8.5
( Sase
as Table 1 )
Includes transactions under the predecessor Old-Age Peserve Account.
Under Section 201 (f) of the Social Security Act Amendmenta of 1939Under prorlslons of the Labor-Federal Security Appropriation Act,
h/
*
3lt.l1
30li.lt
5lt.2
-16.1
13,ltlt7.7
y
y
69.6 i/
69.6
y
Ill.O
95.1
82.2
I9U7, these ealarlea are payable directly froa the Federal OldAge and SuTTlTors Insurance Trust Fund.
Distribution of unexpended balance not available.
LeBB than $50,000.
82.8
80.0
69.6
66.
62.7
70.8
7
...
2
9
6
a
2
3
U
9
1
5
9
77
2
Treasurj Bulletin
10
TRUST ACCOUNTS, ETC.
Table 6.- Railroad Retirement Account
(In llllODa of dollars)
Kaesipti
Fiscal 7sar
or Booth
Total
1/
Expenditures
other than
Invsstasnta teneflt
Appropriations by
Congnws
IxiTestasntfi
pajrasnts
I936-19I1O.
J».9
390.8
116.1
19M
WkS
lUli.O
19*3
19W>
220.6
272.6
19''5
32''. 1
I9W
Wk?
312.0
19k8
797.1'
19*9 (Estlaated).
1950 (Estlaated).
615.3
777.9
715.9
I9I48- July
56I..6
56I..6
308.8
298.1
298.2
758.5
322. "1
August
September
. .
December ....
1919 -January
Inception through
March 19l'9
1/
79.''
7U.0
91.5
178.0
318.5
In disbursing
officer's
account
1.8
10.5
10.8
2.5
1.6
U.7
IOI1.8
182.6
160.1
515.6
675.7
82*.
1,399.9
1,37''.
''61.3
1,726.6
2,187.9
1,702.8
2,163.7
2ll.2
19.7
22.5
23.1
5U..9
l,9ltli.8
-22.
-23.0
1,922.''
1,899.5
1,700.5
1,679.5
1,658.5
217.1
217.1
217.2
27.2
25.8
23.8
1,876.7
1,853.7
1,830.6
1,708.0
1,68U.5
1,661.5
H'5.3
lli5.''
23.*
23.8
23.7
13*. "•
19.9
a*.
38.9
152.0
173.3
222.3
50.7
62.0
268.6
316.6 1/
19k.9
333.0
l''9.1
575.1
326.7
.2
.3
.3
23.0
23.2
.3
.3
23. 1»
-22.8
-23.0
-23.1
.u
.2
92.1
87.0
-5.0
To credit
of appropriation
17.7
90.1
138.1
lUl.l.
12.8
13.*
1.1
500.5
657.0
805.5
1*.7
17.8
18.2
23.9
.5
.9
1.2
1.5
23.6 2/
2/
g/
1*5.''
.u
.k
.5
.5
23.5
23.3
23.9
-23.1
-22.9
-23 .l»
1,807.5
1,78U.6
1,761.3
1,710.0
1,687.0
l,66*.0
73.*
73.5
73.6
23.7
127.8
1,705.6
1,761.3
1,761.3
1,661. .0
73.6
23.7
.u
February
March
Sota*ce:
56I1.6
Utaaxpended balance
Inreotnents
Total
92.1
15.
.
.
October
Iforenber.
298.7
121.2
126.2
130.5
5.9
2.5
3.1
5.8
9.8
113.6
IkO.S
21k .8
262.7
Assets, end of period
Net
Increase,
or decrease (-),
In assets
3,339.1
3, ''66.
(Sane as Table 1).
2/
^
Figures differ from those ahovn in Table 2, "Receipts, by Principal
Accounts", for the reason that Table 6 reflects appropriations when
they are made vhlle Table 2 shews the aoDunts when taransferred to
the trust account.
*
2*.l
2*.
Distribution of unexpended balance not arallable.
Includes $*.7 million for salaries and expenses, which would be
financed directly from the trust account under propoeed legislation.
Lees than $50,000.
Table 7.- Unemployment Trust Fxmd
(In millions of dollars)
Expenditures other than InTeetaenta
Receipts
State
accounts
Railroad Uhemploymsnt
Insurance Account 1/
Fiscal year
or month
Dsposite
by
States
1936-19*0.
19*1
19*2
19*3
Contrl
Trana
fers
frooi
AdmlnleStatae tratlon
Fund
i/
Total
Inrestmente
y
19**
2,857.9
1,113.9
1,2*3.6
1,398.5
1,566.9
2,729.3
892.0
1,096.0
1,217.7
1,3*9.3
**.2
61.3
76.3
92.*
109.*
19*5
19*6
19*7
19*8
1,507.8
1,279.8
1,289.*
1,312.9
1,256.0
1,009.9
1,005.3
1,007.3
19*9 (Estimated).
1950 (Estimated).
1,172.5
1,*32.1
982.0
1,228.0
*3.7
22*.
19.1
35.1
22*.
15.0
27.7
227.2
100.2
27.5
227.2
1*.2
86.0
28.5
1*9.3
20.0
28.*
1*9.3
1?.*
*.5
19*8-July
August
September
October
Rorember .
December.
.
,
. .
.
.
19119-January
February .
March
. .
Inception through
March 19*9
Soxxrce:
i/
2/
1*,*11.2 12,299.2
1.8
Wlthdravale
by
states
1.8
82.6
k9.0
67.*
82.*
96.5
11,133.1 1,116.7
60.0
.6
118.8
116.2
127.6
130.6
8.9
9.6
9.2
9.7
123.6
1*3.6
1*6.9
165.3
70.1
71.3
1,1*5.9 1,128.3
869.5
817.*
858.9
798.1
.8
181.5
1*.3
9.0
5.1
890.0
962.7
1,169.8 1,100.0
18*.
8.5
.5
.1
*.l
877.0
107.2
75.5
*33.2
368.1
555.1
377.1
176.2
60.6
10*.
17*.
1*.6
17.8
9.1
1.8
Unexpended
balance
Inreet-
ments
In disbursing
In
offitrust
account cer's
account
13.*
8.0
5,878.8
1,*36.5
133.9
*19.9
*5*.0
7,315.3
7,**9.1
7,869.0
8,323.0
7,307.2
7,*O9.0
7,852.0
8,298.*
7.8
31.7
11.8
18.1
209.8
262.3
8,532.8
8,795.1
8,507.6
8,769.9
25-2 1/
25.2 1/
3.9
*.2
*.*
-26.8
113.8
-*6.*
8,296.2
8,*10.0
8,363.7
8,268.*
8,389.*
8,3*9.*
22.8
18.3
11.2
5.0
2.3
3.0
*.0
-28.8
166.5
19.1
8,33*.8
8,501.3
8,520.*
8,31*.*
8,*8l.*
8,k96.*
18.7
17.5
21.9
1.7
2.*
2.2
29.2
27.0
1.7
2.1
*.*
72.76/
69.3 1/
1,72*.9
558.4
866.*
1,222.*
1,506.3
1,72*.
2,283.7
3,150.1
*,372.5
7.8
*.0
8.5
56
60
81
52.5
5*.0
76.1
6.8 6/
5.0
.1
111
«
117,
102.1
110.2
156.0
6.9
12.8 6/
-83.2
32.2
-1*8.9
8,*37.3
8,*69.*
8,320.5
8,k06.*
8,**0.*
8,291.*
2*.
231.9 6/
8,320.5
8,320.5
8,291.k
2*.
1,052.3
168.9
6,090.7 5,751.6
Table 1).
Sxcludee intarla adrance of il^ hIIIIoq froa the Treasury and subsequent repajuent, both talrlne place in the fiscal year 19U0.
Pepreoents 90% of contributions under the Pailroad Unemployiaent InsursAce Act; the rsaainlng lOf Is used for adulnlstratlTe expenses.
(See Table 9 under "Budget Pecelpte and Expenditures").
Pepreeents saoxmts transferred frcn States to Pailroad UnemploToent
Insurance Account equlTalent to aoounts of taxes collected vlth respect to period froa Januarr I936 to June 1939, IncluslTe, from
employees and enployere vbo cone vithin the piDrriev of the Pailroad
u
9.66/
107.2
1.*
2.7
3.3
1.5
1,710.0
2,273.0
3,139.0
*, 367.0
5,870.0
17.2
51.7
60.8
66.5
106.7
61.1
70.5
110.9
65.5
Assets, end of period
net
Increase
or deTransfers
crease
to Bailsurance
road Uneni' Account 1/
In
ploynont
assets
Insurance
Benefit
Account i/ pejnenta
7.5
3.9
6.0
11.7
10*. 1
(Saiae as
IftMoployBant Insxirance Act.
Railroad
Itaenplcyment In-
Tranefere
butlonfi frcHB
2/
State accounta
.3
.3
8.*
5.3
6.5
Pepreeents excess funds of the Railroad Unenploynent Insurance
Administration Fund (under Act of Oct. 10, 19U0).
For railroad unemployment benefits and refunds.
Transfers to the Railroad Unomployaent Administration fund are
Included as follovs:
actual transfers of %2.^ million In Korember
19U8^ $2.6 million In January 19'*9, and $2.5 million In March 19it9,
and estimated transfers of $11.0 million In fiscal year I9U9 and
$1.3 million In fiscal year 19^, representing adjuatasnt for
orercoLlectlons due to retroactlTe change in tax rate.
Distribution of unexpended bdlance not available.
Lees than $50,000.
May 1949
11
TREASURY CASH INCOME AND OUTGO.
Actual figures In these tables are based on the Dally
Treasury Statement, and have been revised to agree with
the changed reporting prooedure for refunds of receipts and
for capital transfers.
Budget document,
as outlined In Budget detail.
Table 1.- Summary of Cash Transactions
(In mllllone of dollars)
Fiscal year
Estimates are based on the I95O
Including effect of proposed legislation
Treasury Bulletin
12
TREASURY CASH INCOME AND OUTGO.
Table 3.- Derivation of Cash Budget Expenditures
.
.
,
.
May 1949
13
TREASURY CASH INCOME AND OUTOO
Table 5.- Derivation of Cash Borrowing or Repayment of Borrowing
(In mllllone of dollars)
Increase or decrease
In Federal securities
outstanding
(
,
-
Net Inres^iients
In Federal
securities
FiBcal year
or month
19ltl
19lt2
GuaranPublic
debt
5,99''
teed
aecurltlee
BUI
-1,802
19'<3
S3,U6l
(A, 21^
19Wt
611,307
-2,1>77
19115
-I168
57,679
-1,190
191*6
10,7110
l»3
19't7
-11.136
19''8
-5,9911
-387
-16
(Estimated)
1950 (Estimated)
19't9
-723
356
-18
August.
September
-32I1
-li
-362
-1
October.
MoTember
December.
-227
.
February.
March
1/
t,
6,835
21,659
63,806
61,830
56,11 39
emment
corporations
^
1,338
1,925
39
-20
5
3,1161
3,001*
11,883
1*,129
203
206
6,738
5,200
32I1
-12
-7
-5
-108
Plus:
Cash
Issuance
of non-
Net transactions In
guaranteed
securities guaranteed
securities
not reflected In of Federal
agencies
•(
Treasurer
accounts
131.
213
89U
31*2
8
7
131
207
86
-970
-39
-10
1*35
203
58
81
130
Equals:
Net cash
borrowing,
or
repayment
of
borrowing
(-)
2J
19
•
5,1*32
19,652
60,250
56,757
-95
-190
-277
Ii9,li7lt
559
66
28
1?3
-15,389
-7,280
575
133
-3,759
1*50
68
-2,011*
7,1*39
3,668
3,362
3,060
159
178
-69
1,793
-1,229
2,lU0
-913
2,719
2,000
lUo
-11*9
201*
-59
-135
-150
105
-15
-21
-19
-15
66
37
7I1
1*62
I2I*
526
121
-2
1*2
35
-U53
-719
-15
-lU
-lU
36
-281
77
-1
-I
-1
76
-52
-398
10,783
-13,523
-6,010
3,1*09
-7U7
359
3,11*5
7,892
1,3911
2,1*1*2
675
391
327
1*6
-225
55
6
28
50
183
161*
1*
29I1
2
5
-2
291
331
300
-1*
-179
101
-1,080
-19
-10
-2
-198
91
-1,0S2
11*8
-20
101
152
35
100
105
58
58
I16
Issuance of Federal securities resulting from budget expenditures, Interest
etc., or refunds of receipts
savings
Notes for Excess bonds and
Armed
profits Treasury
forces Adjusted Interservice national tax
leave
bills
bonds l/ Bank and refund
bonds
Fund 1/2/ bonds
1/
2,006
l,li22
1,063
-328
-363
.
19'*9- January
By trust
accounts
securities
3
1,082
igW-Julj
By GoT-
Total
Federal
-2U
Noncash debt traneactlona
Lees:
)
-15
-28
1*67
1*5
-13
-10
-21*
1*2
-11
-33
39
The leeuance of these securities la treated as a noncash budget expenditure at the time of ISBuance end ae a cash budget expenditure
at the tljne of cash redemption. The figures shown are net issuancea,
or net redemptions (-).
See footnote 1 to Table 1, preceding.
The Issuance of these securities Is treated as a noncash deduction
from budget receipts at the time of Issuance and as a cash deduction
\J
5/
•
-131.
-1.0
-10
-1,231*
at the time of cash redemption. The figures shown are net
Issuances, or net redemptions (-).
Accrued discount on savings bonds and bills lees Interest paid
on savings bonds and bills redeemed.
Includes borrowing through Postal Savings System.
Less than $500,000.
Table 6.- Summary of Cash Operating Income and Outgo by Months
(In millions of dollars)
Annual total
July
Apr.
May
5,293
6,675
7,001
1,61*8
5,61*9
2,366
2.069
3,6U2
3,850
2,965
663
332
016
183
5,585
6,019
5,555
2,228
2,71*6
2,1*02
2,969
886
877
7,1*32
7,988
7,677
7,765
3,600
7,390
8,027
8,U36
3,853
3,063
2,397
Calendar year
Aug.
Sept.
1,030
3,372
3,238
3,371
2,803
2,596
5,562
6,015
5,276
3,112
3,162
1*,666
5.506
Calendar
year
Fiscal
year 1/
Cash operating Income:
191*2
2/
I9I13
1,1*76
3,101*
I9U1
2,915
191*5
I9I16
3,72li
3,032
11,275
1*,068
I9U7
3,821
li,9li7
191*8
U,li82
11,5118
191*9
3,683
3,893
6,1*97
7,620
3,319
3,161*
Cash operating out^o:
I9I12 2/
870
2,170
2,327
2,761i
2,332
2,1*1*6
2,268
5,0Ut
7,017
I9I15
7,537
7,729
191*6
li,668
6,396
8,009
7,118
3,700
19'*7
19I18
2,715
3,1*87
2,961
2,1*97
2,831*
2,726
3,252
3,1*18
3,81*5
920
-2,327
-1,889
-1,785
1,773
5,781*
-U,358
"•13
2,62U
2,601
1,710
-835
-35
102
827
1*
1*62
71*8
320
191*3
191*1*
19119
8,561.
8,786
3,876
7,71*0
8,11*6
15,205
2,781
5,852
5,538
37,919
1*,328
'•,156
1*9,608
1*1,635
2,589
2,280
3,987
U,106
lt't,319
5,96U
7,693
7,686
6,326
6,178
7,625
7,886
6,970
7,823
88,987
8,178
911,810
31*, 501
78,909
93,956
5,913
5,221*
86,lU2
95,181*
2,91*1*
2,81*1.
3,578
1*1,399
61,738
2,570
2,779
3,'t76
38,616
36,905
36,931
11,585
It,
667
71*5
2,213
2,212
2,809
2,683
1,107
2,705
2,877
3,030
2,813
1*8,191*
ltl*,971
25,171*
1.7,861
50,21*0
1*3,839
1*3,591
U5,l*00
8,1*78
7,21*9
8,829
7,750
1*,562
2,71*5
7,512
2,760
2,781
2,507
l*,781t
3,073
8,950
3,91*3
11,129
3,272
2,588
171*
-1*,1*76
81*7
-5,061
-1,971
-51,068
-53,735
-2,lli6
922
986
-1*,368
-1*,908
-U,ll*l
-5,1*33
-5,1*12
-l.,l89
-3,325
11,385
.U,586
-3,368
-2,131
-1,671
-1,050
-U,8ll'
5,321
-5,671*
-3,101*
-l*,U96
-2,61*0
-1,721*
-896
-1*6,616
-36,531*
-1*4,91*5
1*3
1,61*1
-161
51*1*
578
236
-17,899
1*1
723
18
212
1,1*69
-1*99
816
-283
510
-137
5,703
8,066
6,659
8,903
3,197
'•,2'i3
36,1*96
Net cash operating incoiEe.
or outgo (-):
I9I12
2/
I9I13
-5,601
-It,
19'i'i
-1*,622
-li,005
-1*,905
-2,81*3
191*5
19I16
191*7.
19I18.
191*9.
1/
2/
-1,636
368
1,106
1,986
8U9
1,1*60
1,82U
61*1
-1*,601
-1,231*
Fiscal year ending June 30 of year Indicated.
Monthly data prior to July I9U2 not yet available.
-2,813
-379
-19,291*
-1*6,095
...
.
.
Ili
Treasury Bulletin
OENERAL FUND OF THE TREASURY,
Table 1.- Status of the General Fund
doUan)
(In BlUlooa of
Xnd of flecAl
7»ar or Honth
Total
Dapoalta In Fedaral
Reaerre Banka
Bulllcn, coin, and
ourr«oc7
AT&llatila
CoU
fn^a
In procaaa
of coUactla
Dapoalta In
apaclal
dapoaltarlaa
Other
depoalta
and
LlabUltlea
Balance In
the General
coUaotlo
19*3
19**
19*5
2,812
3,**3
10,1*9
20,775
25,119
28k
155
150
15*
150
TOl
7*2
761
666
558
1,02k
603
1,038
1,**2
1,500
661
1,679
7,667
18,007
22,622
1*3
265
533
507
289
179
*52
6*3
607
19*6
19*7
19*«
1*,708
3,730
5,370
160
1,023
1,073
2*3
232
191
1,006
1,202
1,928
12,993
962
1,773
305
310
283
*70
k22
*38
Ik, 238
19kS-J«l7
Anguat. ...
SapteHlMr.
5,506
5,229
6,oeo
1,070
l,06o
1,068
188
195
191
1,755
1,919
l,661i
76
119
2,081
1,7*1
2,703
295
237
275
*33
397
*37
5,07k
k,832
5,583
October.
RoToaher..
Deceabar..
5,205
*,8l3
*,630
1,078
1,076
1,077
182
191
181
1,608
1,601
1,123
110
77
90
1,976
1,621
1,909
251
*03
2I16
l>28
251
*22
k,802
k,385
k,208
5,0*2
5,719
6,123
l,oi<6
1,0*5
1,038
222
212
205
1,51*
1,*23
l,*a2
179
97
179
2,688
2,92*
k28
357
k,659
5,291
5,767
19kl
19k2
.
19*9-JanuaT7 .
Februarj.
March
.
Source:
1/
123
U7
1,P5
2,633
2,991
9,507
20,169
2k ,698
Il21
3,308
k,932
3l>6
25*
295
Dallj Treaaur/ Statoaant.
On accoiait of withheld tazea and aales of Goveruaent aecurltlee.
Table 2.- Analysis of Change In Balance in the General Fund
(In Bllllone of dollars)
Bet receipts of trust accounts, etc., or expendltxireB (-)
Flacal year
or BGDth
Ret Incraaae In
General
runl
balance,
or
decrease (-)
Budget
Burplua,
or
deficit (-)
i/
Hot increosA
In
public
debt,
or
decrease (-)
Total
Trust
accounts
2/
Increaant
on gold
Selgolora^
on ellTsr
Special
deposit
accounts
and Blacellaneous
funds i/
Sales and redemptions of
securities of
GoTernnent corporations, etc..
In the narket
*/
19kl
19k2
19k3
19*k
19*5
7k2
358
6,515
10,662
k,529
-6,159
-21,k90
-57,k30
-51,k23
-53,9*1
5,99k
23,k6l
6k, 27k
6k,307
57,679
908
-1,613
-338
-2,222
791
37
66
92
lk8
675
20
1*
-2
116
26k
503
1,669
852
-1,809
-69k
-2,87k
-1,553
19k6
-10,k6o
-10,930
1,62k
-20,676
75*
5,*19
10,7kO
-11,136
-5,99k
-52k
-1,103
2,706
-30
2k8
-372
2,965
-6k7
-372
-367
-95
-359
107
Ikl
-2kl
751
-l,k62
362
1,67k
1,082
-32k
-362
-178
-lk7
129
-561
-88
56
-113
-*3
3k
-781
-kl7
-177
-58k
-275
klO
-227
k6
29k
k51
631
k76
6n
-179
101
-1,080
19k7
19k8
19k8-Julj
August. . .
September.
October .
Horaaber.
Decenber.
.
19k9- January..
Tebruary..
March
Source:
i/
2/
736
1,81k
10
-570
•
5
-1
-718
-lk9
-33
-718
3
k
-3
-321
-15k
-3k5
-2k2
-85
-299
-9
-59
-kk
-71
-10
-3
-Ikk
-30
Dalljr Treasurr Stateoent.
Figures for fiscal year I9US reflect $3,000 million transfer to
Foreign EcoDcndc Cooperation Trust Fund; flguree for fiscal year
I9U9 exclude expenditures from that fund. Figures exclude emounte
for public debt retirement which are chargeable to the sinking
fund, etc., under special prorlslona of law.
Consists of Federal Old-Age and SurrlTors Insurance Trust Fui^,
Rational Serrlce Life Insiirance Fund, Qhamploynent Trust Fund,
Kallroad Ketlreaent Account, CoTernnent insurance and retlreiMnt
funds. Foreign Econonlc Cooperation Trust Fund, and other trust
accounts, etc. (see footnots 3).
^
k/
^
*
Clearing
account
2/
555
-507
TOO
-289
9
17k
-158
-163
3kO
-51
87
Consists of Public Vorks Administration rerolTlng fuzid, special
depoeits (net), and, prior to July 1, 19^^, transactions In co^Dodlty
food stamps by the Department of Agriculture. Beginning on that date
auch transactions are classified in the column "Tz*ust accounts".
Net receipts In this column constitute net sales, and net expenditures constitute net redoaptlons of sscuritlee.
For outstanding checks and telegraphic reports fr<M Federal Reserre
Banks; excess of receipte, or expenditures (-).
Less than $^00,000.
May 1949
15
DEBT OUTSTANDING.
Table 1.- SuBauiry of Federal Securities Outstanding
(In ILllona of dollara)
-
..,
Treasury Bulletin
16
DEBT OUTSTANDING
Table 3.
Interest-Bearing Securities Guaranteed by the United States Governinent -^
(In
mioM
of dollar*)
Marks takls
txA of fiscal
jraar or Bonth
ClSBUdlt^
Crsdlt
Total
Ccs^oxtt-
tlOD
19*1
19*2
19*3
19**
19*5
6,360
*,5*9
*,092
1,516
*09
19*6
19*7
19*8
19*8-Jtfl7
Aogiat....
Saptsabar,
October .
lorenber.
Deo«aber .
.
19*9-Januai7, .
Pebruarj..
March
6,360
*,5*9
3,908
1,190
696
701
r«lsral
rara
Mortgage
CorporatlGo
Housli^
Adalnlstratlco
3*
17
21
23
2*
3*
*67
*3
*3
83
69
38
27
38
27
51
*7
*6
1*
1*
1*
*8
51
32
22
20
53
1,269
930
930
•taUe
Fsdaml
Omwrs*
Loan
Corporation
2,*09
1,563
1,533
755
Public
Bousing
AdMlnlstratlQo
226
U*
Psoonstructlon
Finance
Corporation
1,7*1
1,219
896
ClT-l^ltj
Total
Cmllt
Corpora-
tion^/^
183
326
375
68
U5
150
375
176
*2*
*5
*2
*2*
*5
*2
1*
1*
1*
37
33
32
37
33
32
1*
1*
1*
1*
1*
1*
3*
39
37
3*
39
37
12
12
12
12
12
12
20
10
20
10
8
8
l>12
kl2
11*
Source: Dall7 Treasurr StataHent,
Pootnotee at end of Table *.
Table 4.- Special Issues to United States Government Investment Accounts
(In nllllone of dollars)
Knd of fiscal
7ear or msnth
Bacons true
tlon Plnsncs
Corporation
2/
..
-.
May 1949
17
DEBT OUTSTANDINO.
Table 5.- Computed Interest Charge and Computed Interest Rate on Federal Securities
Public debt and guaranteed securltlee
End of fiscal
year or month
Interest-bearing
debt outstanding
Conputed
annual
Interest
charge
wnmiwl
Interest
rate
(Millions of dollars)
19l»7
19W
19118- July
August.
.
.
September
October.
Horember
December
19'»9- January
.
Source:
1/
1.67
7
5,37'.
5, '•55
83
1
1
251,168
250,875
250,518
5,517
5,516
5,512
2.197
2.199
2.201
51
250,300
250,391
250,579
5,535
2.212
1.8
5,5''3
2.211.
53
1.863
1.791
5,551
2.216
51
1.81111
250,1135
5,561.
250,603
2U9,573
5,575
5,572
2.222
2.225
2.233
32
22
20
1.977
2.211
2.303
199,5''3
3,81.9
256,357
l.,96l.
268,578
255,197
250,132
5,357
5,376
1.995
2.107
2.182
268,111
255,113
250,063
5,351
251,219
250,921
250, 56U
5,517
517
513
2.197
2.199
2.200
250, 3Ua
5,536
2.2U
250,ltWi
5,51.11
2.2II1
250,630
5,552
2.215
250,1167
5,565
5,576
5,573
2.222
2.225
2.233
250,626
February .
March
2U9,59li
(Percent)
1.996
2.107
2.182
2,679
201,059
256,766
(Millions of dollars)
Interest
rat«
6,360
l,61ili
Wkli
Computed
ftnniiwl
Interest
charge
2.518
2.285
1.979
1.929
1-936
1,218
71,968
135,380
139, "tts
Confuted
Interest-bearing
debt outstanding
(Percent)
(Millions of dollars)
(Percent)
"•8,387
WkS
19"^
Interest
charge
2.260
1.978
1.925
1.935
76,517
Wk?
wnmiwl
Interest-bearing
debt outstanding
2.1i38
Si, 7117
Computed
annual
Interest
rate
Conputed
1,335
1,729
2,759
3,869
U,969
igkl
igits
Guaranteed securities 2/
Public debt 1/
Computed
'.,5^9
li,092
1,516
W)9
117
85
81
20
5
69
1.831.
1.861
1.968
1.335
1.321
l.UlO
1.758
1.9211
1.820
1.855
1.878
1*7
l.£
Interest rate on United States savings bonds. Series A-E are
considered to yield 2.90^ per annum and Series F is considered
to yield 2.53*.
Excludes guaranteed securities held by the Treasury.
Less than $500,000.
Dally Treasury Statement.
Treasury bills are Included In Interest-bearing debt figures at
face ajiKDunt, but for purposes of computing the a nn u n l Interest
charge and the annual Interest rate, the discount value Is used.
For the pxnTWses of computing the annual Interest charge and
Table 6.- Treasury Holdings of Securities Issued by Corporations and Certain Other
Business-Type Activities of the United States Government^
(In miUlons of dollare)
End of fiscal
year or month
Total
2/
CoBmiodlty
Credit
Corporation
302
19'.2
li,079
l«X>
Wits
19W>
7,535
10,717
12,169
1,950
900
1,591
U,673
1,301
510
U.0
I9I.6
,
11,91.6
19'»7
WW
2,789
191.8-Jaly
,
August.
September.
.
.
.
October...
November
December,
.
19I.9- January
.
February
March
Source:
1/
.
..
366
108
13
516
21
971
UlO
WlO
llOU
1
1
2,981.
508
676
875
2
2
83
".,158
l.OOU
l.,30l.
1,038
1,160
150
187
565
l.,892
Federal
Farm
Mortgage
Corporation
263
2,870
2,769
2,809
3,220
3,953
ExportImport
Bank of
Washington
Hone Ovnere*
Loan
Corporation
lUO
191.1
19''5
Economic
Cooperation
Admlnletration
95'.
8I16
.
,010
895
908
868
875
893
2/
^
Flnsfioe
Corporation
85
20
27'.
2,53'*
283
5,033
398
383
9,020
Sural
Electrification
Administration
Tennessee
Valley
Authority
57
57
57
57
57
8,1.16
9,205
9,966
57
56
737
529
360
362
23'l
362
362
362
91
85
136
73'.
759
78U
Sit
362
352
176
205
632
819
8'*
5U
5k
5k
885
910
935
5U
5k
5k
203
192
183
860
Becoaatructlon
2lll.
221
213
85I1
Dally Treasury Statement.
The securities shown in this table were Issued to the Treasury to
finance Government corporations and certain other business-type
activities of the Government, vlth the Treasury itself raising the
To avoid duplicanecessary funds through public debt operations
tion, these securities are not Included In the guaranteed debt
outstanding as shovn in preceding tables.
551
212
580
Public
Housing
Administration
3't7
3'.8
1/
17'>
31.8
671.
163
151
3li8
727
785
31.8
718
5".
5".
Total inclines notes issued by the Tlrgln Islands CoBjiany, beginning September 19k7, in smounta less than $1 million.
Notes issued by the Beconstructlon Flnsnce Corporation and outstanding in the amount of $9,365 million, including Interest,
were canceled on June 30, 19k8, pursuant to the Goveiiunent Corporations Appropriation Act, 19k9.
.
Treasury Bulletin
1«
STATUTORY DEBT LIMITATION
aa
Section ?1 of the Seoond Liberty Bond Act,
amended, provides that the face amount of obligations
and the face amount
Iflfl jcd under authority of that Act,
of obligations guaranteed as to principal and Interest
by the United States (except guaranteed obligations
held by
the Secretary of the Treaaury)
,
ceed In tne aggregate $275 billion outstanding at any
one time.
Obligations Issued on a discount basis, and
subject to redemption prior to maturity at the option
are Included In the statutory debt limitation at current redemption values.
of the owner,
shall not ex-
Table 1.- Status under Limitation, March 31, 1949
(la
lllloaa of dollart)
M&zlaua aaoont of Mcoritles vMoh mmj %• oatitandlac •% any oa« tlaa, uaAar llaltatloBt lapoi*d hj 8«ctloB 21
of tb« Swio&d Ub«rt7 BoBd ict,
aMDd*d
•
275,000
Aaout of Moorltlai ovtitaadli^ nbjaot to aach ttfttvttry datet llaltatloai
U. S. OoTaroaaot acurltlae liraad udar tha Sacood Llbarty lond Ae%, aa aaaadad
Ooarafitaad •acorltlaa (aioladlac ttaota held
bjr
2^,6^
^
tha Traaaur)
250,883
total aaouBt of aacurltlai ovtttandlDC aribjaok to atatatorj dabt llaltatlon
Balaoca Itauahla ondar
2»t,U7
Hal tat ton
Bureau of the Public Debt.
Source:
Table 2,- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding March 31, 1949
(Ib alUloaa of dollara)
Sobjact to
Clait of aecxLTltj
Public debt
iBtereat-baarlBc aaeuritiaa:
M&rkatabla:
Treatui7 bllla
Cartlflcatai of Indebtadnooa
Treaaury note*
Treasury bonds - bank eligible
Treaiury bonde - bank reetrlcted 1/...
Postal aaTln^ and Panaaa Canal bonda-
tatatory dabt
Vot aubject to
•tatQtory dabt
llaltatloB
llaltatlon
Total
ontatandlog
:
155,ka6
Total nonaarketable
tmat
foado.
Total interest-bearinc aaeuritiaa
Matured seeorltlao on whleh iBteraat haa ceased.
Debt bearing no Interest:
Oolted States sarlac* staaps
licass profits tax refund bonds
Spaclal notes of the Oalted States:
International Monetary fund aeries
latematLonal Bank for Heconstructlon and Derelopaent series
United States notes (less gold reserre)
Deposits for retlraaent of national bank and federal Baserre Bank aotea.
Other dabt bearing no Interest
Total debt bearing no Interest.
debt.
OuaraBteed securities
iBterest-beMrlof
:
2/
.
Mfttured.
Totml cuaraate«d ••eorltl^a
Total
pnbHc dabt and gOArantaad aacurlttaa.
119,636
162
Hon larke table:
U. S. •aTlngs boode (current redaaptloB Talna).
Treaaury oafinge notee
DepotltaT7 bond*
Arasd forces leaTe bonds
Traaaury bonds, Inrestaent series
otal public
U,6U8
28,803
3,596
61,803
••9,636
Total aarketable
Special Isvuas to OoTamaaBt acenclas and
11,61.8
28,803
3,596
61,803
162
May 1949
19
DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Goveminent
and Outstanding March 31, 1D49^
.
. •
.
.
Treasury Bulletin
20
DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Seonrl tlM
Issued by the United States GoTemawnt
and Outstanding March 31, 1040 i/- (Continued)
doLUn)
(Is alUlona or
ABDimt of atvrltl**
CallAbla lasiMS
Tmt
OMcrlptlea of ••etirlV £/
ODtll
rusd
KtS-
Tear of:
Data
tMDk r«atrictad
laanaa
twoOM
rlty
Tint
oaU
Tlaml
rlt»
tmomi*, of aatarltlaa
Taar
and
ootta
DaacrlptlCB of aactirlV ZJ
CallAbla laauaa
niaaalflad tv
Kta-
J9T
TlXj
laaoaa
allglbls
Of:
rirat
caU
i/
19?6
TiJBt
Final
Mtu-
atnot^
laaoaa
bank
all«l)>la
i/
1961>
Mar...
2-1/2* Bond
-
3/15/56-58.
Juna.
2-1/11* Bond
-
6/l5/5*-56.
Sept..
2-3/k* Bonl
2-lAi Bond
-
9/15/56-59.
9/15/56-59.
-
1,'>*9
681
6,253
2-1/2* Bond
-
3/15/56-58
2-3/'i« Bond -
6/15/5&-63
-
6/I5/6I1-69.
3,761
''/15/53
2-1/2* Bond
-
12/l5/6k-69.
3.838
9/15/53
7,600
681
1965
1958
JuM.
2-1/2* Bond
982
3,8e3
Total.
Mar..
Juna.
Dae.
Mar.
2-1/2* Bond
Dae.
2-3/I1* Bond - 12/15/60-65.
-
3/15/65-70.
5,197
2/1/5*
1,W5
1,W>9
5,197
l,k85
919
Total.
919
1,U>9
1966
2-l/a* Bond
-
3/15/66-71.
3,'>8l
2-1/2* Bend
2-1/2* Bend
-
6/15/62-67.
6/15/67-72.
7,967
Sapt.
2-1/2* Bond
-
9/15/67-72.
2,716
Dae..
2-1/2* Bond
-
12/15/67-72.
11,689
Mar..
12/1/5''
1959
Juna.
2-l/H Bond
6/15/59-62
Sapt.
S-iM
Bae..
2-lA*
2-lA* Bond
9/15/56-59
9/15/56-59
Bond
Bond
6/15/52
5,281.
Juna.
982
3,823
12/15/59-62
12/15/52
3,''70
Total.
8,75*
1967
-
2,118
5/5/52
6/15/62
12/15/62
li.aoli
22,372
i960
2,118
1968
Mar..
2-7/8* Bond
-
Dae..
2-3/k* Bond
-
2,611
3/15/55-60 ...:...
Cac.
1,W5
Canal bond
3*
-
2,831
Juna.
2-1/2* Bond
-
6/l5/6k-69.
3,761
k/15/53
Deo..
2-1/2* Bond
-
12/l5/6*-69.
3,838
9/15/53
12/1/52
1969
2,611
1961
J1SI0...
2-1/2* Bond - 12/15/63-68.
1,W5
12/15/60-65
6/1/61
50
Total.
7.600
1970
196?
JUD«.
.
2-1 A* Bond
2-1/2* Bond
-
6/15/59-62.
6/15/62-67.
5,28V
6/15/5C
5/5/52
3,*70
12/15/52
2,118
2-1/2* Bond
-
3/15/65-70.
5,197
2/1/5*
2-1/2* Bond
-
3/15/66-71
3,»8l
12/1/5*
Juna.
2-1/2* Bond
-
6/15/67-72
7,967
6/15/62
Sept..
2-1/2* Bond
-
9/15/67-72
2,716
2-1/2* Bond
-
12/15/67-72
Mar...
1971
2-l/Ml Bond
12/15/59-62.
Mar...
Total
2,11jB
8,75k
1972
1963
2-3/k* Bond
-
6A5/58-63.
2-1/2* Bond
-
12/15/63-68.
Total.
Sourca:
^
gj
919
2,831
2,831
12/1/52
Doc...
Total
919
Qallj Traaaury Stateamt and Buraaa of ttoa Fuhllo Dabt.
Kxcludaa poat&l aarlnga bonda.
It aboiUd ba notad that callable laataea appaar tvloe In thla ooliaB,
ooca in tha j«mr of flrat coll and a^iln In tba xaar of final natunxj. C&llabla laauae vlth napect to vblch a dafinlta notloa of
^
11,689
18/15/62
K,37a
call baa baan nada, bowrrar. ara llrtad aa flxad naturltlaa. Tor
data of laaua of aaob aa uMl ty, aaa chapter on *>lart»t Quotatlcna";
for tax atatua, aaa ehaptar on "Traaaarr durraj of Ovnara^p"
Bank reatrlctad laauaa an/ not b« acquired b7 ccaaaroial banka (vlth
Inor azcaptlona) prior to a apaolftad 4&t«.
May 1949
21
DEBT OPERATIONS.
Table 2.- OfferingB of Treasury Bills
22
Treasurif Bulletin
DEBT OPERATIONS,
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Data
May 1949
23
DEBT OPERATIONS,
Table 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates
of Indebtedness and Securities Guaranteed by the United States Government
BeetUta of exchaa^ offera
Called or maturing aecurit7 1/
Skte of
rsfundiag
or ratlreBent
Date of
lieue
Daecrlptlon
SlipoaitloD offers
by Treaaury s'
ABOunt
outBtaadla^
Caah
retireBent
Xxehange
aeeurlty
offered
(In Billlona of dollara)
7/1A7
7/9)t
Certificate
-
T/l/hJ-T
7/l/W
2,916
8/1A7
l/Sif,
Certificate
-
8/lA7-0
B/l/W
1,223
9/1A7
7/9*
Certificate
-
9/lA7-H
9/1/U6
2,31*1
1-1/2^
Treas. note -
9/15A7-A
9/15A7-C
7/12/U3
12/l/Wi
2,707
1,687
9/15A7
l-lA* Treas. note
-
Total for 9/15A7
10/1A7
10/15A7
11/1A7
12/1A7
1*,395
7/^
Certificate
-
10/lA7-J
10/l/lt6
I.-1A*
Treas. bond
-
10/15A7-.
10/16/22
759
7/e*
Certificate
-
u/lA7-K
ll/l/l;6
1,775
Certificate
Bond
-
12/1A7-I.
12/1/1(6
2*
-
12/I5A7..
12/15/38
3,281
701
Total for 12/lA7
1,1*1*0
3,982
1/1/M
7/8*
Certificate
-
I/1A8-A
l/l/''7
3,131*
2/1A8
7/8*
Certificate
-
2/l/lt8-B
2/1/1*7
3,91*7
7/»
Certificate Treas. bond Treas. bond -
3/l/l>8-C
3AA7
2,11*2
3/15 A8..
i/l^/US..
3A5A1
1,U5
3/I6/36
1,223
3A/W
2-3A*
Total for 3/l/lt8
6/1/U8
.
Certificate
-
k/l/ltS-D
I./1/U7
1,321
7/a*
Certificate
-
-
6/I/I18-B
6/15/It8..
6/1A7
1-3A* Treas. bond
12/1/1*2
1,777
3,062
7/8*
7/8*
7/8*
e/l/W
Certificate
Certificate
Certificate
-
1*,839
l/\/U&-J
7/1/U8-G
7/1/U8-H
-
7/1/1*7
2,71*2
8/1A7
1,127
2,209
9/1/1*7
Total for 7/l/lt8
9/15/W { 2-1/2*
1-1/2*
lo/l/W
1*
1*
1*
6,078
Treas. bond Treas. note -
9/l5/lt8..
3A5/38
1*51
9/15/U8-A
3A5/W
3,71.8
Treas. note Certificate Certificate -
lo/l/l»8-B
lO/l/ltS-J
lO/l/ltS-S
9/15/1*7
10/1/1*7
11/1/1*7
1*,092
1,351'
1,1*67
Total for lO/l/US
Treas. bond
12/15A8
I/1A9
1*81
7/8*
Total for
7/1/W
I*,
1-1/8*
1-1/8*
-
12/l5/l>8
I/1A9-A
I/1A9-A
Treas. note
Certificate
6,913
12/8/39
571
12/1A7
3,535
2,592
1/1/1*8
Total for l/l/l»9
6,127
2/1A9
1-1/^
Certificate
-
2/-.A9-B
2/1/1*8
2,189
3/l/l'9
1-1/8*
Certificate
-
3/l/k9-C
3/1/U8
3,553
I./1A9
1-1/8*
Certificate
-
lt/lA9-I>
li/l/l*8
1,055
-
Turned In for caah
changed
federal
Beaerre
B7
other
Inveatora
Saaerlptlon of new
aecurlty offered
Treasury Bulletin
21*
DEBT OPERATIONS.
Table 5.- Iscuance and Retlrenent of the Public Debt
(In Bllllana of dollan)
PubUc daM
Patollo d»bt rocelpt«
ontatandli^
(laanaoce of public debt)
Public debt •zpendlturaa
(Botlnaant of public debt)
Pobllo leauM
C«rtlfl0&t«B of
or
de-
GOth
of
period
Cash
tDd«1}tednsfls,
i/
special
during
p»rlod
19^1
19^2
19*3
19W.
19*5
72,*22
136,696
201,003
258,682
19*6
19*7
19*8
269, *22
258,286
252,292
-U,136
19*fl-Jul7. 253,37*
1,082
Aug.. 253,0*9
Sept. 252,687
-32*
-362
Oct.. 252, k60
Rot. 252,506
Dee.. 252,800
-227
19*9-Jan.. 252,620
Tab..
Mar..
-179
101
-1,080
*fl,96l
.
Source:
1/
5,99*
23,*6l
61i,27*
6*, 307
57,679
10,7*0
-5,99*
*6
29*
li
Spaolal ootae
Increaae.
riacal
Ptibllc
eriaa
2/
Internatlooal
IntarBank for
natlonal
JiMtad forces
Paeonaarrlca laare
Monetary
etructloo
boi^a
bonda
azid Deserlea
reloiBsnt
aarlaa
Amd
Ecoaaa
pa?oflta
tax
refund
bonda
123,958
129,663
150,988
127,761
121,290
103,116
71,*12
29,772
13,310
*,362
10,kO2
1/
3,1*8
596
1,**2
18,790
3*, 183
*,2*1
5,876
8,318
1*,*1D
11,853
13,703
58,358
89,*78
121, *80
5,816
8,693
33,67*
63,202
77,*08
31,036
31,758
69,206
16,263
20,398
22,078
1*0,2*8
138,897
127,28*
95,985
91,776
38,8*5
*,352
2,327
3,T6o
8,285
1,862
6,2*0
673
171
399
12,229
*,686
10,76*
11,383
»,**5
7,125
3,758
3,05*
*,258
7,*70
1,187
2,*6l
153
201.
10,552
*,101
8,857
3,2*2
6,283
3,378
5,076
8,631
30,388
9*, 961
303
17,911
*91
13*
89*
k
88
l>81>
Dallj Treaaur/ Stateaent.
Ezcludee certlflcatee of Indebtedneea , apeclal aerlee.
566
1,8*7
23*
2/
•
1,782
CMTtlfl
catea of
Indebt- KxSpecial
edneaa, cbangei leeuoa
apeclal
sarlea
2/
10,ll62
17,8*7
37,16*
122,632
153,785
179,159
Caoh
Special
chan^a laauea
-2
1D,*U
W)7
168
81
31*
3,1*2
596
1,**2
18,790
3*, 183
5,332
6,99*
9,885
31,036
31,758
69,206
12,7**
15,36*
19,233
3,8*7
2,75*
*,*58
8,285
1,862
6,2*0
97
11,610
*,399
6,832
3,989
3,185
*,279
7,*70
1,187
2,*6l
151
27
92
10,731
6,215
9,711
*,326
2,800
*,**3
6,283
3,378
5,076
37
192
303
17,911
I191
It
i.ei>
2,896
*,U1
71
66
123
Conslata of apeclal eerlea of certlflcatee of Indebtedneea laaued dlrectlj
and eolelj to Federal Reeerre Banka.
Leae than $500,000.
May 1949
25
UNITED STATES SAVINGS BONDS.
United States 8aT).ngB bonds were first offered for
Series A-C were sold from March
sale in March 1935.
Series E, F, and 8 bonds have been
1935 to April 19'H.
In
the
following tables
sales figures are quoted
For Information on the terms
and redemptions and amounts outstanding
outAmounts of Series
at current redemption values.
Matured bonds which have
standing are quoted at par.
"Treasury Bulletin"
and conditions of these bonds, see
Issues for December 19'^7, page 3I, and October 19*^5.
been redeemed are Included In the figures on redempMatured bonds outstanding are reflected In the
tions.
Sales and redemptions data by States
are published at the end of each calendar and each fisSales by denominations
cal year after June 30, 191^7.
are also published semiannually after December 3I, 19''^7.
series
ef the
Interest-bearing debt until all bonds
have matured, when they are transferred to matured debt
upon which Interest has ceased.
on sale since May 1, igltl.
pages A-4 and A-5.
at Issue price,
Table 1.- Sunmary of Sales and Redemptions, by Series
Cumulative throu^ March 31, 1040
SerloB
:
.
.
Treasury Bulletin
26
UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions of Series E, F, and G
Period
Salsa 1/
Accrued
discount
Salea
plue
accrued
discount
Salea
price
(In mllllcna of dollars)
Serlea E, T, and G
Fiscal years:
66l>
191>1
Wk?
WkS
U,789
Wk?
Ik, 891
Wlifi
9,612
7,208
6,235
5,993
WW
15,'»98
Wk?
I9W
Calendar years
WH
WkB
2,537
9,157
13,729
19''''
l6,0lik
W""?
12,937
19''2
WW
7, ''27
W^T
I9W
7,295
Months:
19Uft-July
August.
September
.
October..
Norember
December.
19119- January..
February.
March....
1,6T3
U73
U12
"•W
I1I9
5I1O
6U7
599
590
_
Aaomt
BadaBptloos 2/
Accrued
dlacoimt
outa tending
(interestbearing
debt)
Percent of
Bonthlj
redeMptlons
to amount
outstanding
-
...
;
:
May 1949
27
UNITED STATES SAVINGS BONDS
Table 3«- Sales and Redemptions of Series E, F, and G
Sales 1/
Accrued
discount
-
(Continued)
Red empt lone 2/
Salee
plus
accrued
dlBcount
Salee
price
Accrued
discount
(In millions of dollars)
Fiscal years:
-
191*1
67
67
191*2
MS
'•35
3
3
760
17
58
89
17
57
88
191*3
19UU
,
191*5
191*6
191*7
191*8
,
758
802
679
U07
360
301
2
9
19
33
811
698
Uto
llt9
11*7
1.7
1107
61
362
203
206
197
198
Calendar years
191*3
208
652
7U5
191*1*
773
191*5
595
325
3U2
25
lt98
67
191*1
191*2
191*6
191*7
191*3
2
u
13
llO
5^
208
65U
750
786
621
365
396
566
7
7
35
77
106
189
203
35
77
10l»
222
211
185
196
Months
I9l*8-Jul7
August.
September
.
October.
November
December
19l*9-January.
.
.
.
.
.
February.
March
aU6
18
lU
2^k
22
19
22
21
19
21
20
18
lU
15
17
18
16
16
22
19
20
30
17
15
29
32
26
38
36
31
19
18
15
18 p
17 P
lit p
Amount
outstanding
t Interestbearing
debt)
Percent of
monthly
redemptions
to amount
outstanding
Treasury Bulletin
28
TREASURY SAVINGS NOTES
Treasury savings notes (originally designated tax
savings notes
from August
August
1,
)
1,
IS"*!,
have been Issued In four series:
191*3;
Series B from
19'*2;
Series C from
September 14, 1942, through August 3I, 19'**; and Series D
beginning September 1, 1940. Details
In the following tables sales and redemptions of
on continuous sale
and redemp-
tion, and Investment yields of Series D notes will be found
In the 'Treasury Bulletin'
see "Annual Report of the Secretary
and redemptions by fiscal years and months, see 'Treasury
Bulletin" for February 1946, pages 42 and 43.
through June 22,
oonoernlng terms and oondltlons for purchase
B,
of the Treasury" for 1942, pages 20/ and 220, and for sales
through September 12,
I9U1,
of Series A and
Series A
for October 1948, page A-L
Treasury savings notes are shown at par value.
Matured
notes redeemed (either for cash or for tax payment) are
included In the figures on redemptions
.
Matured notes out-
Similar Information concerning Series C notes will be found
standing are refleoted In the Interest-bearing debt until
in the "Treasury Bulletin" for October I945,
all notes of the series have matured, when they are trans-
and A-5.
pages A-4
For details oonoernlng teras and oondltlons,
Investment yields, and tax payment or redemption values
ferred to matured debt upon whloh Interest has ceased,
Table 1.- Sumnary of Sales and Redemptions by Series, Cumulative through March 31, 1040
(In >lllloiia of lollars)
SarlM
In
accordance with the praotloe of the Dally Treeaury Statement.
May 1949
29
OWNERSHIP OF FEDERAL SECURITIES,
Table 1.- Dietrlbutlon of Federal Securities by Clasees of Investors and Types of Issues
(in mllllonB of doll are)
End of
fiscal
year
or month
.
7
U
5
U
k
6
8
1
5
kk
3
3
1
k
8
7
e
k
9
3
kk
.
Treasury Bulletin
30
OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Bstlmated Ownership of Federal Securities by Bank
and ^ionbank Investors
(Par Taluoa
EeU
En! of
onth
Total
Fadaral
oacurltlea
outatandIng 2/
^
-
in
blUlooa of dollar*}
tj banka
Cc^rclal
tsaoka
i/
Bald bj oonbaok Inreators
Federal
Reeerre
Baoka
iKllTlduala k/
1939-Decenber
I17.6
18.1.
15.9
2.5
29.3
lO.k
19kO-Jun«
December
W.5
50.9
IS.6
19.5
16.1
17.3
2.5
2.2
29.9
31.5
19'il-June
55.3
61.3
a.8
23.7
19.7
21.
2.2
2.3
26.0
Ul.l
2.6
6.2
65.2
UU.2
52.2
69.8
59.9
5.9
7.2
8.9
11.5
6I1.O
12.1
68. I>
TO .5
77.7
Ik .9
110.8
119.3
123.9
135.6
77.7
19.7
21.8
December
19l>2-Juna
Deceabor
77.0
112.5
28.7
"•7.3
U9.9
1W.8
59.''
162.3
170.1
67.2
71.5
igkk-March
June
Saptanber
December
187.0
202.6
211.1
232.1
76.2
83.3
87.1
96.5
19'»5->terch
235.1
259.1
262.6
278.7
97. "<
106.0
107.3
115.0
279.8
276.6
269.9
265.8
259.5
116.7
112.8
108.2
10k .3
97.9
93.8
90.2
7k.
259.3
258.U
259.2
257.0
9'i.l
256.7
90.9
25''.
88.1.
253.1
April
May
June
19'>3-MBrch
June
Septeaiber
Daceaber
50.1
58.3
16.7
18.8
Xnaunnce
cngpanlea
Mutual
saTlAga
banka
Other
corporatlona and
aaaoclatlooa
6/
^
StaU
u. s.
enta 1/
GcreniBent
lures taent
accounto 6/
and
local
gOTeon*
6.5
3.1
2.6
10.3
10.9
3.1
3.2
2.5
2.k
.k
33.5
ko.6
11.5
Ik.l
3.k
3.7
2.k
k.k
.6
k«.3
l8.k
2k.
3.9
k.5
5.k
.9
U.6
1.0
k.6
5.3
5.9
6.1
12.1
15.5
20.7
20.0
1.0
1.5
2.0
2.1
15.8
16.9
6.8
23.
7.3
7.7
8.3
25.9
2k .8
28.1
2.6
3.2
3.5
k.3
18.1
19.1
20.6
21.7
8.7
9.6
10.0
10.7
26.5
30.9
29.9
30.2
k.k
5.3
5.5
6.5
22.9
U.l
u.2
U.8
27.9
28.0
25.3
23.6
22.k
6.7
6.7
6.5
6.k
6.3
28.0
26.2
29.1
30.k
30.9
12.0
12.1
12.1
12.0
23.3
22.3
22.3
21.2
6.7
Z.l
7.2
31.6
32.8
33.9
7.3
3k.k
12.0
12.0
12.1
21.1
21.3
21.7
7.3
7.k
7.8
3k .6
3k .9
35.0
12.0
12.0
12.0
20.9
21.2
20.7
7.8
7.7
7.8
3k.
36.
81.
95.1
98.7
6.3
U.2
U.l
27.7
31.7
36.0
38.k
lk.7
15.1
16.
17.3
18.3
19.6
7.1
7.6
.5
8.5
9.5
.7
10.6
12.2
13.1
Ik.
5k .9
20.
59.8
60.7
22.7
22.5
6k.
2k.
6k.
2k.
6k.8
2k .0
23.3
163.1
163.8
161.7
161.5
161.6
25.0
25.3
25.k
25.3
71.5
70.0
69.9
68.7
22.6
21.9
22.3
22.6
165.2
166.5
167.0
165.7
66.5
67.1
66.7
66.6
69.0
67.k
65.1
21.9
21.0
20.9
165.7
166.2
167.0
66.6
2k.
86.0
66.7
66.8
23.9
23.8
252.3
252.3
252.
86.5
86.2
85.9
66.1
65.6
6k .6
20.3
20.7
21.k
165.8
166.1
66.8
66.9
23.5
166 .k
67.0
23.2
July
AugUBt
Septambar
253
253
65.2
6k .9
62.5
21.3
21.6
23 .k
166.9
166.7
166.8
67.2
67.3
67.3
23.0
22.6
22.3
12.0
20.
252
86.5
86.U
85.9
U.9
U.7
20.5
20.8
7.9
8.0
7.8
October
November
Decembar
252.5
252.6
252.9
86.1
85.8
86.0
63.1
62.6
62.6
23.0
23.2
23.3
166.
67.
67.
67.6
21.9
21.7
21.5
U.6
166.8
166.9
20.7
21.2
21.2
7.8
7.9
7.9
36.8
37.0
252.7
252.7
85.0
62.9
62.3
22.1
22.3
167.7
168.1
67.9
68.2
21.6
21.5
11.6
11.6
21.
7.9
7.9
37.k
37.5
June
September
Deceober
19''6-FebruerT (Peak)
March
June ...........
Septenber
December
WliT-March
June
Septesnber
December
Wkft- January
February
March
19119- January
February p
1/
2/
2/
k/
^
91.9
92.2
91.3
8I..7
81t.2
8k .0
90.8
8k .k
80.2
23.3
2k.
22.9
22.6
23.8
137.7
153.1
155.2
163.6
United States aavlnga bonda, Sariea A-D E, and F, are Included at currant
redemption raluaa
Includee aU aecurltlea laaued or guaranteed by the U. S Govemoant, but
excludes guaranteed eecurltles held by the Treasury.
Coaslsts of cconarclQl banka, trust ccnpanles, and stock saTlnge banks In
the Unltad States end In Territories and Inaular posoeeslona. Figures
exclude securities held In truat deparlaente.
Includes partnarshlpe and personal truat accounts.
Includea savlnge and loan asaoclatlons, dealers and brokers, and Inveatments of foreign balances and IntematloniLl accounts In thla country. Beginning with December 19k6, includea Inreatnents by the International
Bank for Pec ona true t Ion and DeTelopoant 01^ Intematlonad Monetary Funl
6k.
6k .0
6k .9
25.1
25.0
2k.
2k.
23 .k
11.5
11.7
11.5
11.5
21.3
2k.
26.6
27.0
3k.9
35.7
36.5
36.8
37.3
In apeclal nonlntareat-bearlne notes laauad by the 0. S.
Goremnant
6/
2/
p
Holdings by Federal land banka are Included imder "Other corporations and aaaoclatlons" Inataad of "U. S. CoTemment Inreetment accounts" beginning vlth June 30, 19k7, since the proprietary Interest of the Uhlted States In these banka ended
June 26, 19k7.
Consists of trust, sinking, and Inreatoent funda of State and
local governments and their agencies, and Territories and
Insular possessions.
FrellmlnAry.
-
May 1949
31
TREASUKY SUHVEY OF OWMERSHIP, FEBBUAKY 28,
Information on the distribution of ownership by types
The Treasury Survey of Ownership covers securities
Issued by the United States Oovernraent and by Federal
The banlia and Insurance companies Included
agencies.
In the Survey account for approximately 95 percent of
such securities held by all banks and Insurance companies
Data were first published for
In the United States.
March 3I, 1941, in the Hay 19^1 "Treasury Bulletin".
Section
I
of banks and insurance companies is published each month.
Additional information showing the holdings of commercial
banks distributed according to Federal Reserve member
bank olasses and nonmember banks is published for June 3^
and December
"}!,
Securities Issued or Guaranteed by the United States Government
Table 1.- Sunmary of All Securities
(Par raluee
Claaflifloatlon
igl^S
-
In mlllloni of dollare)
Treasury Bulletin
32
TREASUHY SUHVEY OF OWNERSHIP, FEBKUAHY 28, igUg
Section
I
-
SecurltleB Issued or Guaranteed by the United States (jovemnent
Table 3.- Interest-Bearing Public Marketable Securities, by Issues
(Par Talaea
Imavm
(Tax atatna £/ la abown In parentheeee)
-
In Bllllooa of dollar*)
May 1949
33
TEEASUKY SUFVEY OF OWNKRSflIP, FEHPUAEY 28,
Section
I
-
191*9
Securities Issued or Guaranteed by the United States Govemoent
Table 3.- Interest-Bearing Public Marketable Securities, by Issues
(Par Tallies
laSTia
(Tax status 2j ^^ shovn In parentheses)
-
In millions of dollars)
-
(Continued)
i^
Treasury Bulletin
TREASUFY SUFVEY OF OWIffiRSHIP, FEBBUABY 28, I9U9
Section
II -
Interest-Bearing Securities Issued by Federal Agencies but
not Guaranteed by the United States Government
May l'H9
35
.
Market quotations
closing quotations
In
shown
MAFKET QUOTATIONS, MABCH 31, I9U9.
here are over-the-counter
the New York market for the last
The
Issues
excluded
are
postal
savings bonds and Fed-
eral Housing Administration debentures.
The latter are
trading day of the month, as reported to the Treasury by
the Federal Reserve Bank of New York.
The securities
listed In Section I Include all public marketable secu-
public marketable Interest-bearing guaranteed
securities outstanding.
Section II
lists the public
marketable securities Issued by Federal agencies but
rities Issued or guaranteed by the United States Governexcept those not regularly quoted In the market.
not guaranteed by the United States Oovernraent.
the
only
ment
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 1.- Treasury Bills (Taxable!
Amount
out-
Table 2.- Certificates and Notes (Taxable)
Treasum Bulletin
36
.
Section
I
MAPKET QUDTATIOBS, MABCH 31,
19l»9.
Securities Issued or Guaranteed by the United States Government
Table 4.- Tax-Exempt Bonds
^
May 1949
37
YIELDS OF TREASURY SECURITIES
Based on Mean
of
MAR. 31,1949
Closing Bid and Ask Quotations
•66
BB
TO
ExplonaKon: The points represent yields to call »>ien prices are above par. and to maturity date wlien prices are at par or below
or
The smooth curves for the various classes of points are fitted by eye issues for which on exchange offer has been made
which ore due or callable in less than 3 months ore excluded
Office of the Secretory of
ttie
Treasury. Office of
tlie
Technicol Stoff
F-235-E
..
.
.
.
.
Treasury Bulletin
38
YIELDS OF TREASURY AND CORPORATE BONDS
Table 1.- Average Yields of Long-Term Bonds by Periods
(Perowit pr annia)
tax-«z«apt
TrBBBury
l>onls 1/
Taxable
Treaaury
bonda 1/
Highgrade
corpora t«
bonla
Annual serlea
1933
Wk
1935
1936
1937
1938
Partlallj
taz-ezeapt
Treaaury
bonde i/
Period
Highgrade
corporate
boode
Partlaliy
tax-exeapt
Treaaury
bonda 1/
Period
Taxable
Treaaury
bonda 1/
Highgrade
coj-porate
bosde
calefidar year areragaa of aoothly aerlea
-
3.31
3.12
2.79
2.69
I..38
1939.
2.U
3.93
3.^6
3.19
19''0.
Wkl.
2.7''
3.27
3.12
2.26
2.05
2.09
1.98
1.92
2.61
Taxable
Treaaury
bonda l/
19''2.
19^*3.
igWi.
2.l>6
2.92
2.77
2.67
2.7?
2.I17
2.61.
2.U8
2.60
1.66 i/
19'i5.
2. 5k
19''7.
2.37
2.19
2.25
19*8.
2. kit
2.U.
2.57
2.81
19^6.
Mcntiily aerlea - aTaragea of dally flgurea
19li3-Jan..
Feb..
2.U
2.U
Mar..
2.12
Apr.,
May..
June.
2.05
1.96
1.91
July.
Aug..
Sept.
1-91
1.92
1.90
2.1.8
Oct..
Rot.
Dec.
1.90
2.1.8
I.9I1
2.U8
1.95
1.95
.
19>>l>-Jan.
Feb..
Mar..
1.93
1.91
Apr..
May..
June.
I.9I1
2.70
2.68
2.70
19k5-Apr.
May..
June.
1.68
1.68
1.63
2.39
2.39
2.35
2.k9
2.53
2.5k
19k7-JttIy.
Aug..
Sept.
2.25
2.2k
2.2k
2.51
2.51
2.57
2.68
8.65
2.63
July.
Aug..
Sept.
1.63
1.68
1.68
2.3".
2.36
2.37
2.53
2.56
2.56
Oct..
Hot. .
Dec.
2.27
2.36
2.39
2.68
2.75
2.86
2.58
2.57
2.59
Oct..
Hot.
.62
.56
.51
2.35
2.33
2.33
2.5k
2.5k
2.5k
19k8-Jan..
Feb..
Mar..
2.k5
2.k5
2.kk
2.85
2.8k
2.81
19k6-jBn..
Feb..
2.1.9
2.6o
2.61
2.63
2.21
2.12
2.09
2
2
2
Apr..
May..
June.
2.kk
2.k2
2.kl
2.77
2.7k
2.73
2.1.9
2.1.9
2.1.8
2.65
2.65
2.6k
Apr.
May..
June.
2.08
2.19
2
2.16
2
2
July.
Aug..
Sept.
2.kk
2.k5
2.k5
2.80
2.86
2.85
2.61
July.
Aug..
Sept.
2.18
2.23
2.28
2.kl
2.kk
2.50
Oct..
Hot.
Dec
2.k5
2.kk
2.kk
2.85
2.86
2.81
Oct..
Hot.
Dec
2.26
2.25
2.2k
2.51
2.51
2.55
19k9-Jan.
Feb..
Mar..
19k7-Jan.
Feb..
Mar..
2.21
2.21
2.19
2.k8
2.k8
2.k9
Apr.
May..
June.
2.19
2.19
2.k9i/
2.22
2.50
2.1.6
2.k6
2.U8
2.1.8
2.W
2.k5
2.1.5
2.1.6
1.9'i
2.bS
2.U9
1.91
2.1.9
July.
Aug..
Sept.
1.89
1.90
1.93
2.I19
2.I17
2.59
2.57
2.55
Oct..
Hot.
Dec..
1.93
1.90
1.87
2.U8
2.U8
2.U8
2.55
2.61 2/
2.59
191.5- Jan..
1.81
1.75
1.70
2.U.
2.38
2.58
2.56
2.51
.
Feb..
Mar..
2.U8
2. to
2.58
2.58
.
Dec
»tar..
.
Weekly aerlea
19k8-0ct.
2.
9.
16.
23.
30.
2.k5
2.k5
2.k5
2.k5
2.k5
2.85
2.8k
2.8k
2.8k
2.88
-
19k8-Dec
aTeragea of dally flgurea for
.
6.
2.88
2.86
2.8k
2.8k
13.
20.
27.
2.kk
2.kk
2.kk
2.k3
2.k3
k
11.
18.
2k.
31.
19k9-Jan.
Hot.
i/
2. kg
2.39
2.38
2.73
2.73
2.71
2. kg
meka ending
2.8k
2.82
2.81
2.80
2.77
2.77
2.75
2.72
2.72
2.73
1.
8.
15.
22.
29.
.
19k9-Feb.
5.
12.
X9.
26.
2.kl
2.k0
2.38
2.38
2.73
2.73
2.73
2.72
2.38
2.38
2.38
2.38
2.72
2.71
2.70
2.70
2.38
2.38
2.38
2.38
2.38
2.71
2.70
2.70
2.70
2.70
2.70
2.38
2.38
2.38
2.38
2.70
2.(0
8.70
2.70
Dally aerlea
19k9-M«r.
Hote;
1.
2.
3.
k.
5.
2.38
2.38
2.38
2.38
7.
8.
9.
2.38
2.38
2.38
i/
2.72
2.72
2.72
2.72
2.72
2.71
2.71
2.71
19k9-)tar. 10..
11..
12..
2.38
2.38
2.71
2.70
2.70
Ik..
15..
16..
17..
18..
19..
2.38
2.38
2.38
2.38
2.38
2.70
2.70
2.70
2.71
2.71
2.71
Treaaury bonds Included In the aTeragea, beginning with Decenber 1935,
are those neither due nor callable for fifteen yeare. Prior to that
tlBe, for yeare shovn In this table, the bonde liuluded vere neither
due nor callable for twelTs years. For a dlocusslon of the canposltlon
of these aTeragee, see the "Treaaury Bulletin** for March 19kk, page 58;
for the conpoeition of the high-grade corporate bond aTerage, see the
'*Treaaury Bulletin" for July 19k7, page 59, and January 19k5, page 56.
Treaaury bond yields are ccoputed on the basis of the mean of closing
bid and aak quotations In the OTer-the-counter narket aa reported to the
Treaaury by the Federal PeserTe Bank of Hov York, beginning Septanber 2,
19kl.
Prior to that tlae, yields vera ccs^mted on the baala of closing
prices on the Hev Tork Stock ETchange, exoept that on days vhan an issue
did not sell the yield vaa ccmputed on the mean of closil^ bid and aak
tuotationa on the Exchange. Corporate bond yields are ccaputsd on the
V
V
19k9-Mar. 21.
22.
23.
2k.
25.
26.
y
28.
29.
30.
31.
baala of cloBlog prices on tha Hev Tori: Stock Exchange and the Rev
Tork C\irb Exchange; on daja vhen an leaua does not sell, the price
of the laat preceding a&le Is ueed.
For definition of taxable and partlallj tax-exenpt bonde, see
footnotes to the "Treaaury Surrey of Ownership* in thie Issue of
the "Treaaury Bulletin". The partially taz-exaiipt eeriee v&e
discontinued on Decsaber 1^, 19'^?, because there vers no longer
any bonds in this category vlth fifteen or iiore years to maturity
or first call.
Arerage rerised beginning noveober 1, 19'*^< Old arerage for
Iforember 19>^ vas 2.^.
ATorage rerised beginning April 1, 19l>7. Old arerage for April
19^7 VM 2.1*7*.
Market closed.
,
2/
1/
May 1949
(/)
O
z
o
UJ
o
Q.
OC
O
O
o
z
39
.
Treasury Bulletin
«w
INTERNAL REVENUE COLLECTIONS.
Table 1.- Sunaary by Principal Bourcea
il
(In thouBttnda of dollars)
Total ree«lFta Trrm
risc&l 7«ar
or Booth
Intamal
rvTsnuB
(Dally
Traaaui7
Stat
Mint
10,1*1
Intamal
rvToDua
oollactlooa
Sooial aaeorlty
Total
IDOOMB
and
proflta
IndlTidual
Inooaa
Corporatlco
iDocaa and
prof lU 2/
Total
aplo/-
Hallroad
retlTw-
0U-a«a
ant
Inavranoa
7,351,53*
13,029,915
22,368,72*
*o, 119, 510
*3, 800, 338
3,*71,12*
8,006,88k
16,298,888
33,027,802
35,061,526
1,*17,655
3,262,800
6,629,932
18,261,005
19,03*,J13
2,053, *69
*,7**,083
9,668,956
1*, 766,796
16,087,213
925,856
1,185,362
1,*98,705
1,738,372
1,779,177
687,328
895,336
1,131,5*6
1,290,025
1,307,931
100,658
119,617
156,008
183,337
186, *89
*0,67l,922
39,108,273
*1,86*,?36
31,258,138
29,019,756
31,172,191
18, 70*, 536
12,553,602
9,676, *59
10,17*,*1D
1,700,828
2, 02*, 365
2,381,3*2
1,237,825
1,*58,93*
1,612,721
178,7*5
185,876
208,508
28k, 258
19,3*3,297
20,997,781
2,359,993
3,065,915
3,918,062
1,527,393
l,9*2,*8k
3,115, *75
1,077,*59
1,6**, *85
1,1*9,228
**9,93*
297,999
1,966,2*7
130, k73
12*, 891
39*, 153
83,735
321,610
6,672
2,837
11,850
550
2,7*5
60,692
76,513
691,920
2,272,921
3,0*5,115
3,186,567
1,*29,9*7
1,928,815
2,35*,*29
965,198
1,6*8,952
377,009
*6*,7*9
279,863
1,977,*20
127,3*1
365,630
88,672
121,267
296,966
*,570
2,786
11,739
1,628
3,289
56,92*
82,*7*
-226,718
-**8,290
3,679,599
*,231,127
2,962,787
3,152,591
2,552,58*
2,a27,*25
*10,2O3
325,166
105, *06
*29,178
73,813
256,651
30,0**
13*,k95
1,5*9
38,032
19*1.
19*2.
19*3.
19**.
19*5.
7,361,675
12,993,118
22,1*3,969
*l,68k,987
*3, 902, 002
1,565,*77
101,66*
19*6.
19*7.
19*6.
*0, 310, 333
-361,589
39,379,*09
*l,853,*a5
671,136
Aogiiat.,.
Sapt«at>«.
1,997,705
2,720,026
*,*37,896
-362,288
-3*5,889
Octoter..
Vor«Bber.
Daccater.
2,013,*52
2, 73*, 371
3,878,*87
-259, *68
-310,7*3
19*9-Jamiar7 .
Pobruar/.
3,*52,88l
3,782,837
Fiscal year
or Month
taxM
Total
StaUaant)
19*8-Jul7
ftVlojBBnt
Inooae and proflta tax**
MJtiataaot
to Call;
Traaaurj
-36,797
-22*, 755
-11,051
519,83*
137,871
170, k09
2U,151
265,011
28*,758
379,555
560,113
May 1949
ki
INTERNAL REVENUE COLLECTIONS
1934
DOLLARS
'35
36
'37
38
39
'40
'
Billions
individual
Income Toxes
iiI
11
i
ij
I
1934
36
38
40
Estate and Gift Taxes
42
44
'46
'48
'41
'42
43
'44
45
46
'47
48
49
:
.
Treasury Bulletin
U2
INTERNAL REVENUE COLLECTIONa
Table 2.- Detail of Collectlone by Type of Tax
(In thousaoAs of dollars)
First 8 BODths of fiscal
Fiscal jaar
TTpe of tAz
19*8
19l>e
191.7
jrsar
El^lhth Bonth of fiscal year
19k8
19*9
19*9
(Fetaniazy 19l>8) (Fateuar; 19*9)
iBcono and pa-oflt< taxsa:
IndlTldual:
Vithbald bj eBplojrere
Other:
Current 3/
Back
Total IndlTldual Inccae taxes
Corporation;
Inccae taxee:
Current 2/
Bick
9,8112,282
11,533,577
8,2611,767
7, ''9'', 100
2,2*9,668
8,950,272
8,8k7,*69
95*, 971
6l6,73'>
5,Uk,li71
*05,977
'',335,855
550,7lt3
•112,381.
*9,055
19,3«,297
20,997.781
13,815,215
12,2k2,339
3,253,69*
5, '•''1,776
8,8611,251
987,2l'8
'',''•'9,155
5,538,210
605,755
••77,861.
238,352
88,097
613,320
Excess profits taxes:
Declared ralue
PeTenue Act of I9U0 U/
Ajrmj and NaT; contracts
^
^
Total corporation Incone and profits taxes
Total InccBM and profits taxes
55,185
3,566,178
17,6^i3
305,851
16_
12,306
U,033
239,201'
lU.,lAfc
*,120
21,725
16
32
9,676,'»59
10,17k,ltl0
5,306,1136
6,171,583
352,29*
29,019,756
31,172,191
19,121,650
18,1.13,922
3,605,986
1, '•58,93''
1,612,721
208,508
1,132,516
182,661
1,206,1.1.1
185,876
195,929
258,7*7
130,097
l,6ltli,8l0
1,821,229
1,315,177
1,'«2,370
388,8**
25,303
Staplojsent taxes;
Social securltj taxee:
Old-a^ Insurance
UnsBplojnent Insurance
Total social sscurltj taxes
Ballroad retlremsnt
Total enplojruent taxes
379,555
560,113
303,302
322,220
2,02U,365
2,381,3112
I,6l8,li79
1,72'.,590
kl*,l*7
1,597
1,723
229
5,5k8
8
71)8,79't
822,380
506,193
500,660
51,800
70,U97
76,965
l't,'t35
9,'.7'i
*,116
121,562
1,563,800
U3,U85
2,906
5k,291
109,965
1,326,261
3'', 983
2,533
73,789
9,'Jt3
9,500
9
7
W.7
12,036
Miscellaneous Intemal reTenus:
Capital stock tax 6/
Estate tax
Gift tax
Liquor taxss:
Distilled spirits (ijnportsd, excise)
Distilled spirits (dcoestic, excise)
Distilled spirits, rectification tax
Vines, cordials, etc. (imported, excise)
Wines, cordials, etc. (dcnsstlc, excise)
Dealers In distlllsd spirits; rectifiers;
anufacturere of stills (special taxee)
Staaps for distilled spirits intended for export.
Case stamps for distilled spirits bottled in bond
Container staope
71oor taxes
Fermented n< liquors
Brevers; dealers In malt liquors (special taxes).
Total liquor taxes
Tobacco taxss
Cigars (large)
Cigars ( small )
Cigarettes (large)
Cigarettes ( sioall)
Snuff
Tobacco ( chewing and smoking)
Cigarette papers and tubes
Leaf dealer penalties, etc
Cigarette and cigar floor taxee
Total tobacco taxes
Stamp taxee:
Bonds, issues of cspital stock, deeds of
canreyance etc
Transfers of capital stock and similar Interest
salss
Placing cards
Sllrer bullion sales or transfers
,
Total stamp taxes
Footnotes at end of table.
71'6
58,1'29
13,282
153
661, 1H8
3,662
697,097
It, 020
2,U7'',756
2,255,320
1,599,272
1,U96,101
••8,289
116,686
31,815
66
6
1,1U5,262
7,055
66
liO
30,9*3
l«
5
3
5
1,208,199
7,372
783,336
805,271.
'',81.1
'',813
36,5l.S
37,02li
2l',913
539
926
567
23,525
5*7
1
1
2
1,300,280
81'5,516
865,1''8
•19,106
50,771
3'»,135
31,998
21,963
7,782
1,127
20,37k
7,867
12,955
12,613
5,''30
5,l''l
79,978
79.'i66
5_
1,237,768
''3
3''8
613
52,868
50,36''
;
.
May 1949
^3
INTERNAL REVENUE COLLECTIONS.
Table 2.- Detail of Collections by Type of Tax-^
-
(Continued)
(In thousandB of dollare)
First 8 Bonttas of fiscal jear
Fiscal Tear
Type of tax
WW
19'>1
meoeilaaeoue Internal revenue
(
,
Total manufacturers * excise taxes
Retailers* excise taxee:
Furs
Jevelry
Luggage
Toilet preparations
Total retailers
19l>fl
19U9
(Fstouarr
19l>8)
continued )
Hanufacturere * excise taxes:
Lubricating oils
Oasollne
Tires and tubes
Automobile truclcs and buses
Other aut<aoblles and motorcycles
Parts and accessories for autOBoblles
Electrical energy
Klectrlc gas , and oil appllancae
Electric light bulbs and tubee
Padlo seta, phonographs, ccBponents, etc
Phonograph records
Musical Instruaente
Mechanical refrigerators , alr-condltloners , etc .
Matches
Business and store machines
Photographic apparatus
Sporting goods
Firearms , shells , and cartridges
Pistols and revolTers
Pepealed taxes j/
*
19W
Ilghth Bonth of fiscal year
excise taxes
Miscellaneous taxes:
Sugar Act of 1937
Telephone, telegraph, radio, and cable facilities
Local telephone serrlce
Transportation of oil by pipe line
Transportation of persons, etc
Transportation of property
Leases of safe-deposit boxes
Admissions to theaters, concerts, etc
Admissions to cabarets, roof gardens, etc
Club dues and Initiation fees
Bovllng alleys, pool tables, etc
Coin operated derloee
Adulterated and process or renoratod butter, and
f i lied cheese
Oleoanargarlne , Including special taxes
Harcotlcs, Including marihuana and special taxes.
Coconut and other regetable oils processed
National Firearms Act
All other. Including repealed taxes not «ha«n
separately 2/ -
Total miscellaneous taxes
Total miscellaneous internal rerenue
Total internal revenue collections
Adjustment to Dally Treasury Statement
Total receipts frooi internal revenue (Dally Treasury
Statement)
88,015
1711,927
62,099
20U,68o
99,932
63, Oik
65,608
23,180
63,856
8,l»92
10,151
37,352
8,U13
25,183
36,163
17,05k
9,031
38k
18U
l,k25,395
80,887
k78,638
159,28k
91,963
270,958
122,951
69,701
87,858
2k,936
67,267
7,532
10,573
58,k73
10,610
32,707
k3,935
18,828
U,277
858
l,6k9,23li r
7,129
580
52,382
337,628
106,093
99,691
200,129
8k,630
k9,888
58,955
17,2k3
35,728
k,l66
5,9k8
k9,755
5,063
22,107
31,020
12,856
7,89k
588
5,859
36,036
9,882
7,185
28,05k
k,k05
6,060
6,896
2,911
6,17k
750
l,0k3
6,66k
5?8
3,089
3,9k3
89k
530
8k
l,075,k36
1,181,76k
131,016
59,8U
50,295
318, 8k7
m,6ko
50,516
177,877
79,917
k3,551
55,957
16,098
k6,99k
k,952
7,070
37,017
6,59k
20,552
28,593
U,257
95,5k2
79,539
217,899
80,632
91,852
157, 8k9
57,113
6k, 583
k7,2k5
153,799
58,782
65,650
ll,k80
35,000
11,183
12,291
51k, 227
k69,923
339,357
325,k76
69,95k
59,152
252, 7k6
16k, 9kk
52,890
173,673
122,185
ll,k8k
173, k28
206,585
5,815
263,000
36,87k
lk,93k
53,628
16,988
2kk,003
275,701
8,560
392,873
63,350
23,299
k,k58
ao,k38
71,2k7
275,255
193,521
18,773
2k6,323
317,203
9,081
385,101
53,527
25,k99
k,086
19,271
30
5,87k
T9S
17,208
20
9,806
889
25,70k
8
9
97,k8l
236,615
8it,588
3, '•7k
16,67k
16
6,2k5
k86
16,530
7
720
397
138
130
l,551,lkO
1,655,712
l,10k,k39
1,186,251
8,06k, 152
8,311,003
5,537,7kk
5,620,786
39,108,273
kl,86k,536
26,277,873
25,759,298
+271,136
-11,051
-502,871
-7kl,6k3
39,379,k09
kl,853,k85
25,775,002
25,017,655
19k9
(February 19U9)
..
Treasury Bulletin
Hk
MONETARY STATISTICS
Table 1.- Money in Circulation
(In mlXllOB* of dollars azoept
u
noted)
Fnpar aan*;
Total
End of fiscal
79al or Kxith
onoj
In
olrculAtlon i/
Wkl
9,612
19^2
12,383
Total
paper
0007
Sold
certificates
2/
SllTor
certificates
Trees urr
notes
of 1890
3/
r«dam
aiit«d
Stat«e
oot««
Fedvral
Reserre
notes
Raserre
Bank
00 tea
y
Rational
bank
notaa
y
22,50k
26,7k6
8,932
11,600
l6,k92
21,k38
25,5kl
63
59
57
5k
52
1,71k
1,75k
l,6k9
1,588
1,651
300
317
322
322
323
6,68k
9,310
13,7k7
18,750
22,867
20
19
58k
597
527
150
139
132
126
120
28,2k5
28,297
27,903
26,9k5
26,9k2
26,482
50
317
320
321
23,973
23,999
23,600
k6k
k06
353
Uk
k5
2,025
2, 061
2,061
27,866
28,055
28,118
26,Uii>
Al^ust, .
Septester
26,623
26,676
k5
k5
k5
2,0k5
2,053
2,052
318
321
319
23.588
23,760
23,820
3k9
3k5
3k2
98
98
97
October
Horember.
Deceaber.
28,176
28,331
28,22U
26,785
26,867
26,760
kk
kk
kk
2,05k
2,076
2,059
318
320
312
23,872
23,99k
23,918
338
33k
330
97
96
95
19k9-Januar7..
Tebruary.
March p.
27,580
27,55V
27,k39
26,138
26,116
25,99k
kk
k3
k3
1,978
1,99k
2,013
308
311
310
23.386
23,350
23,213
326
322
319
95
9k
9k
19''3
17,">21
Wkk
19*5
19^6
19'«7
19k8
I9'i8-July
.
End of fiscal
jear or ncnth
kS
106
99
28
..
8
7
May 1949
«V5
MONETARY STATISTICS.
Table 2.- Monetary Stocks of Gold and Silver
(In millions of dollaro)
Gold
End of fiscal
year or month
(*35 per
fine ounce)
Will
19^2
191*3
191*1*
191*5
19I16
191'7
191*8
19l*8-JuljAugllfit
.
.
,
September
October. .
November.
December
It,
11*8.
22,736.7
22,387.5
21,173-1
I*,
306.3
298-5
3,91*7.9
15.5
15.9
16.1
15.7
20,213.0
20,269.9
21,266.5
23,532.5
3,685.8
I5.I1
3,508.1*
111.
3,525.7
3,571.0
11*
23,678.9
23,725.1
23,872.3
3,576.3
3,577.8
3,581*.l*
13.1
13.1
13.1
2lt,00l*.2
3,588.1
3,592.6
3,596.7
13.0
12.9
12.9
3,600.0
3,603.0
3,609.7
12.9
12.9
12.9
1*,
165 .6
2l*, 21*3-9
.
21*, 271 .5
289.
211,313.8
21*,
Circulation Statement of 0. S. Money; Dally Treasury Statement for
prellmlnflry figures. For detail of silver monetary stock see Table
fine ounce)
Batlo of BllTer
to gold and
eilver In
monetar7 stocics
22, 621*.
21*,
19U9-January, .
Februai7.,
March p..,
silver
($1.29+ per
p
Frellmlnary.
1*.
Table 3.- Gold Assets and Liabilities of the Treasury
.2
13.2
7
.
.
1
7
. .
Treasury Bulletin
H6
MONETARY STATISTICS,
Table 4.- Components of Silver Monetary Stock
(In alUloDa of dollara)
SllT*r
SllTar
bollloa 2j
1,298.2
1,398.1
1939
19to
19*1
19k8
baU
In Traaaurj
Securing allrar
oartlftcatet 1/
of calendar
Tear or aooth
fiid
1,1176.1
Sllrar
out* Ida
Traaaurr
In Genarol Fund
8llT«r
dollars
8iibaldlaj7
Bullion for
coin i/
racolsa^ h/
U99.O
*9*.6
*8*.l
*68.3
*00.*
5.3
2.3
3.5
9.2
1*.*
Bullion
at coat g/
Total
llTar
Sllrar
Sut>aldlai7
dollan i/
coin i/
616.0
657.*
662.3
628.2
551.8
*8.1
52.5
63.0
78.8
12.5
10.2
1*.0
13.1
5.9
*05.6
185.6
9.2
at *1.29+
par flna
ounce
96.8
39*.
*22.*
*93.5
587.3
68*.
3,790.2
*, 060.0
*,2kk.8
*,317.6
*,207.3
89.3
117.5
137.5
150.1
156.3
165.0
771.6
8*6.7
901.1
928.7
971.5
3,870.6
3,512.8
3, 51* .2
3,5*7.9
3,596.7
160.1
161.5
162.5
9*6.7
9*9.2
95* .6
3,576.3
3,577.8
3,58*.*
19'i3
1,516.2
1,520.0
19*»
19*5
1,520.1
1,703.9
19W
1,9U.2
19'>7
19118
1,937.6
1,971.5
376.5
356.*
3*3.*
337.2
328.1
19*8-July
AQ0uat.
Sapteaber
1,956.*
1,960.0
1,962.6
333.0
331.6
330.6
U.*
9.3
92.9
91.3
91.6
October..
HoTaabar.
December.
1,965.7
1,968.9
1,971.5
330.0
329.*
328.1
8.3
5.0
5.9
90.*
89.7
89.3
163.1
163.7
165.0
960.2
967.8
971.5
3,588.1
3,592.6
3,596.7
1,97*.
1,976.9
1,979.5
328.2
327.9
327.8
8.*
9.6
12.9
88.9
89.0
89.3
16* .9
165.2
165.3
970.7
970.8
971.0
3,600.0
3,603.0
3,609.7
.
19*9- Januai7
_ _
March p..
•ce:
1/
2/
19
93 1
91.1
Circulation StataiMnt of U. 8. Monay; Dallj Trtasxaj Statcnant for
prellslnarj flguree.
7aluad at $1.29-*- per fine ounce.
Includee ellrer leaaed to Office of Defenae Planta of the B.7.C.,
Doea not Include
etc. (aee Dallj TraaauTT Stateaent for aaount)
a liver land -leaaed to foreign goreriMenta (aee 19*6 Anttnal Beport
of the Secretary of the Treaaury for eaounta )
.
3/
4/
Talnad at $1.38+ per fine ounce.
Talued at $1.38+ par flna ounce or at $1.29+ per fine oimea according to vhether the bullion la held for recoinage of subaldlary
ellTer colna or fco* racolnaga of etandard silTer dollare.
p
•
Prelljalnary
Leaa than $50,000.
Table 5.- Silver Production In the United States and Acquisitions by Mints and Assay Offlcesl/
(In allllona of ouncea or dollara)
Sllrar acquired by Mlnta and aaaay offlcaa
SllTor
Calendar year
or BODth
pax)ductlon In
O<ad Statea
Hevly mined dcoBeetlc
ellrer 2/
Torel«n allrer i/
OuDcea
19*3
63.9
68.3
71.1
55.9
kO.8
19**
19*5
19*6
19*7
19*8
35.7
29.3
21.*
36.1
36.1
1939
19*0
19*1
19*2
36.8
3*3.3
208.0
1*3.1
62.1
5.5
160.6
99.*
T7.2
*0.0
3.9
•
.6
*.*
27.* */
33.3
.9
.6
*.9
30.3 */
36.8
*.*
27.* */
33.3
3.7
2.5
3.2
3.0
3.*
2.3
2.8
2.6
3.0
3.0
2.8
3.3
3.3
2.6
3.0
3.0
2.8
2.8
2.8
2.6
2.1
2.8
2.6
2.1
19*9- January..
Tebniary.
2/
*.9
30.3 */
120.5
50.9
27.1
6.0
Dollars
*.l
2.7
3.5
October..
Horember.
December.
*
•
.9
282.8
139.8
72.6
1*.3
*0.1
*8.5
50.1
3k.O
3.9
*
Ounces
3.7
2.5
3.2
2.7
X/
60.7
68.3
70.5
*7.9
5.5
Dollars
*.l
2.7
3.5
19*8-July
August...
Saptenbar
Source:
Ounces
2.3
3.5
3.3
3.3
2.3
Annual flguraa froa the Bureau of the Mint. Monthly fi^uree on U. S.
allrer production frcmi releaaea of the American Bureau of Hatal
StatlBtlca; theae vlll not a^ree vlth the *"""*i figures.
For Information on ailrer production in other countries, see *nf\iMiT
reporta of the Director of the Mint. Data from 1933 through 19*1
are aiamMrlzad in the "Treaaury Bulletin" for August 19*3, Page 7*.
Acquired at 6*.61i centa per flna ounce until April 9, 1935; at 71.11
cents per flna ounce fron that date until April 23, 1935; at 77.57 cents
2.3
^
*/
<
per flna ounce fro* April 23, 1935, to December 31, 1937; at
6U.6* cants per fine ounce froai December 31, 1937, to July 1, 1939;
at 71.11 centa per fine ounce fron July 1, 1939, to July 2, 19*6;
and at 90.5 centa per flna ounce since Jxily 2, 19*6.
Acquired at rarlous prices areraglng approximately 51 cents par
fine ounce
Includee 0.2 million oimcea ralued at 71.11 centa per fine ounce
totalling $0.2 nilllcn, and 30.I mllllan ounces ralued at 90.5
centa per fine oimce totalling $27.2 million.
Less than 50,000 ouncea or $50,000.
7
U
.
7
3
May 1949
^1
MONETARY STATISTICS.
Table 6.- Seigniorage on Silver
(CxanulatlTe fron January X, 193^ - In allllaofl of
doUare)
Sources of Belsoiora^e on sllrer bttlllon reralued 1/
£nd of calendar
year or oontii
Seigniorage
on coins
(allTer and
minor)
Potential
Mlac. ellrer
(Incl. ellTer
bullion held
Jxme lU, l93ii)
JnU
Dec. 21, 1933)
HTlA
27*. 9
''57.7
3''
530.7
3''
508.1
6l6.0
705.6
397.5
5*1.6
758.8
950.6
562.7
580.*
3'>.7
759.''
3''
63.6
65.3
65.*
58I..3
3''.7
58*.
3''
799.7
818.9
820.6
820.7
1,055.8
1,089.0
1,0*8.2
967.3
717.3
87.6
87.6
87.6
87.6
65.5
66.5
7'».5
81..6
701.6
832.1
832.1
832.2
938.1
1,069.6
1,077.6
1,087.8
333.2
161.2
1*6.8
129.9
U8.7
U8.7
87.6
87.6
1,083.3
1,08''.''
5*6.2
832.2
832.2
832.2
3''.7
87.6-
80.1
81.2
81.9
3''.
1'8.7
3''.
1,085.1
1*2.8
137.6
13* .6
550.
55* .0
559.2
l'8.7
87.6
87.6
87.6
82.9
83.8
832.2
832.2
832.2
3^.7
''8.7
1'8.7
1,086.1
1,087.0
1,087.8
13* .2
131.7
129.9
87.6
87.6
87.6
85.6
86.2
87.0
1,088.8
1,089.*
1,090.2
127.8
127.1
127.*
12S.2
182.1
l'8.7
19l»2
2'i5.7
U8.7
19l>3
299.6
362.3
•'8.7
1'8.7
"'29.5
'•91.9
1'8.7
520.5
559.2
US.
US.
I9U8-JUIJ
August.
September
538.6
5l'2.9
October..
NoTember.
Decenber.
561.6
562.9
566.0
February.
Msrcb....
Source:
1/
silver bullion
at cost in
Gensral Fund 2/
''22.1
I9W)
I9IH
19li9-Januar7.
en sllTsr
rSTslusd
326.2
1939
.
(Proc. of
Aug. 9, 193'')
.7
.7
.7
36.0
58.0
7* .9
87.3
WW
sslgnlora^
3''
1'8.7
l'8.7
WkT
eslgolora^ on
BllTSr
3''.
16.8
1'8.7
19116
1931*
Total
3l'.5
1'8.7
"16.1
W"*?
6, 1939,
Hfttlooallssd
226.2
302.7
366.7
18.5
I9UI1
SllT«r Purchase Act
of Jims 19,
Julj 31, 19*6)
63.7
69.5
91.7
1935
1936
1937
1938
mined
BllTer (Act
Bevljr
Hevly Blnod
BllTer (Proc.
''8.7
W.T
U8.7
118.7
U8.7
k8.7
87.6
87.6
87.6
87.6
87.6
Office of the Treasurer of the IMlted States.
These Items represent the difference betvsen the cost value end
the monetary value of silver bullion revalued and held to secure
25.7
1'8.3
81.
2/
58I..3
.6
.7
.7
3l'.7
3*.
3l'.7
3l'.7
832.2
832.2
3*.
^2.2
31^.7
silver certificates.
The figures In this column are not emulative; as the snount of
bullion held changes, the potential seigniorage therscn ohangea.
Table 7.- Increment Resulting from the Reduction In the Weight of the Gold Dollar,
March 31, 1040
Allocations of
Incrensnt
Exchange Stabilization Fund
Paymsnta to Federal Beserve Banks for Industrial loans.
Philippine currency reserve
Melting losses on gold coin
Betlrement of national bank notes
Unaseigned
Total Increment
Source:
Office of the Treasurer of the tblted States.
Chargss against
Increasnt
$2,000,000,000.00
»2, 000, 000, 000 .00
139,299,556.99
27,5*6,310.97
Increment
$111,753,2*6.02
23,862,750.78
23,862,750.78
2,175,121.93
1,853,769.76
6*5,387,965.*5
6*5,387,965.*5
321,352.17
8,378,932.96
8,378,932.96
2, 819, 10*, 328.11
t&lszpended balance of
2,67*, 788,0*6. 18
1**, 316, 281 .93
)
U
.
.
kg
Treasury Bulletin
EXCHAKGE STABILIZATION FUND,
Table 1.- Balance Sheet as of June 30, ltM8, and December 31, 1048
June 30, 19kS
TreAaursr of tha Ualt«d Stataa chacklug accoant
Federal Reeerr* Bozik of Rev Tork, special accoint..
Dleburelug officers* belancee and adrance accounts.
,
,
,
11.556,338.78
»71, 3711,897.57
208, k33, 875.21
15l>, 7311,891.68
377,992.U
179,1*6.29
37,000,000.00
19,688,6l8.8li
15,173,556.111
3,881., 187.86
Inrestnents in United States Coreroaont sscurltles.
Accrued interest receirahle
Accounts rscslTable
(
»l8,li69, 857.1.5
37,000,000.00
Total due fron foreign hanks
Otbsr accounts
25,201.21
31,967.011
Special accounta of Secretary of the TreamiTT In
Tedoral Reeerre Bank of Rev Torki
Special aooomt Ho. 1, gold
19M
7, 001, 722.
6li,3l'7,97*.8?
6,881,551.63
Total eaah.
Due froa foreign banks (foreign exchange):
Svlae franca
Mexl can peace
Indian rupees
Pakistan rupees
31,
57,066,610.95
56,236,890.56
20,000,000.00
20,000,000.00
88,936.11
8l>,88lt.03
2.77
deferred charges
15.00
Cc^aodltj sales contracts (dsferred charges)
2,636.00
Tot&l assets.
302,1131,563.8k
304,055,933.^9
Llabilltlss and capital:
Accounts pajable:
Touchers pajable
^qilojeee* pay-roll allotaent account. United States
sarlnga boDds
withholding taxss
Due on purchases
Miscellaneous
6,716.75
5,590.59
1,587.13
1,182.53
2,866,li95-ll
101,810.23
Total accounta payable
PeserTe for sxpenaes and contingencies (net).
Capital aooomt
Deduct - Subecrlptlon to Intematloaal Monetary Ftlnd
2,000,000,000.00
1,800,000,000.00
Ret InccBB (See Table 2.)
Total liabilities and capital.
Annual balance sheets for fiscal y«ax«193'. through I9I.0 appear In
the "Annual Report of the Secretary of the Treasury" for 19I.O and those
for succeeding years appear in subsequent reports
8,87k,738.99
108,583.35
12,865,503.96
12,917,989.89
200,000,000.00
2,000,000,000.00
1,800,000,000.00
200,000,000.00
88,315,690.511
89, WA, 990.60
30k,055,933.'>9
302, 1.31, 563.81.
Quartsrly balancs sheets beginning vlth that for Deceobar 31, I938,
hare been published In ths "Treasury Bulletin".
U
May 1949
1*9
EXCHANGE STABILIZATION FUND.
Table 2.- Income and Expense
Janoarj 31, 193>>, tliroagh
Juns 30, 19'>8
ClasBlflcatloA 1/
JanuaiT 31,
Swamhsr
193'>,
through
31, 19l>8
Incona:
Profits on BritlBh storliog tranaactlons
310,638.09
Profits on French franc transactions
Profits on gold hulllon (Including profits frcm
>i«ti.<
Ung
charges on gold)
Profits on other gold anl exchange transactions
Profits on silver transactions
Profits on sale of silver bullion to Treasury (natlonallted)
310,638.09
351,587 .«0
351,527.60
37,8lO,k70.37
39,133,577.26
to, 000, 000 .00
to, 000, 000 .00
105,371.27
102,735.27
3,''73,362.29
3,'i73,362.29
Profits on Inreetaients
1,876,790.55
1,876,790.55
Intereet on Inveelaents
6,198,066.89
6,U5O,01lt.8l
800,lt66.15
800,1166.15
Intereet earned on foreign balances
1,732,970.87
2,012,751.69
Intereet earned on Chinese yuan
1,975,317.07
1,975,317.07
9li,63U,98l.l5
96,1187,180.78
Miscellaneous fovf Its
Total Incons
Expense:
"•,076,730.83
11,698,3110.36
Travel
235,830.27
263,96li.lil
Transportation of things
58lt,9ai.Wi
598,030.96
Cc^unlcatlone
'177,636.97
"195,735.25
Personal services
Supplies and materials
58,038.99
886,072.
Other
Total expense
-
Net Income
1/
Effective Julj 1, I9U8, classifications of expense were changed to conform
with those contained In Budget-Treasury Regulation Number 1. Figures for
61i,56li.20
961,555.00
6,319,290.61
7,082,190.18
88,315,690.5^
89,11011,990.60
earlier periods have bean reclassified accordingly.
.
reasury Bulletin
Ti
50
CAPITAL MOVEMENTS,
available and tbs latest aonth for whloh pralialnary data
Information relating to oapltal BOTeDanta batvaen
are available.
tha Dnltad Statas and foralgn oonntrlai la preaanted In
four leotlona.
Section
I
praientt flrat a hlatorloal
Section IV oontalns data for reoent months on outstanding contracts of banks for forward purchases and
(umaary of tha prlnolpal typaa of data on eapital aoTeaanti,
beginning wltb 1933 *^n tha Infomatlon was first
Caob type of data Is tban broken down Into Its
sales of foreign exchange.
ooapllad.
oblsf ooaponentt in the saae ohronologloal detail.
The data In these four aeotlona are based on reports
filed eaoh month by banks, bankers, and brokere through-
Section II supplies a geographic breakdown by prln-
OTeaent
Is given first and than the
are shown separately.
out the United States.
The total net oapltal
olpal oountrles for recent oontha.
In addition,
principal categories
at this point,
The reports are oollected, checked,
and tabulated by the twelve Federal Reserve Banks.
The
totals are then forwarded to the Treasury Department for
the
consolidation and publication.
total outstanding claims on and liabilities to foreign
Publication of detailed flguraa on oapltal movements
oountrles are each presented.
was dlsoontlnued between the Naroh IShZ and the November
issues of the 'Treasury Bulletin*, but data omitted
during that period were auppllsd in the November 19*^
Issue and supplement.
Section III presents details with reapeot to capital
movements and short-tera clalaa and liabilltlas.
are ahown for the lateat aonth for
irtileh
19')5
These
final data
Section
are
I
-
Historical Summary
Table I.- Net Capital Movement between the United States and Foreign Countries
(In thouaandj of dollar*; nagatlv figures ladicata
n«t outflov of capital fron the UoltadStatas)
Analgia of Det capital
Caleodar joar
or Bontii
193 5- kO
let capital
orePMsnt
Short- tera
bankl2ig funds
5,807,89k
Wkl
WkZ
626,121
1,286,893
19*3
19'ik
''6l,35'>
Wk^
1,07'',375
19*6
-793,32''
Brokerage
Trana actions
In dcaeatlc
securities
Transactions
In foreign
securltlee
ii,oiii,iiW
100,919
888,686
803,8*5
-2U3,522
583,373
1,168,058
1*8,59*
1,216,303
-*9
3,513
13,372
8,529
17,79*
-261,955
*6,599
27,767
210,735
-113,105
51,703
-7,36*
77,696
93,*96
-*6,6l7
265,127
39,012
-9*,832 1/
19l'7
325,663
WtS
225, kn
-733,909
395,52*
531,777
9,661
-11,318
-19,313
-33*, 203
-97,555
-192,215
97,575
-113,778
52,OU7
115,215
6*, 377
59,153
-8,673
-3,9*3
-5,133
-1*,229
-23,517
-8,292
5,262
-150,695
6,319
86,753
1*5,890 r
313,915
-2,9*3
3,128
-1,533
*,693
19,177
-7,00*
3,133
7,353
*,035
200,113
58,60*
-*,925
-230
-111,U9
*,791
1,3*6
19'ifl-Jalor
August
September
.
October....
RoTember .
Deceaber
.
19*9-Januar7 p.
FebruaiT p.
PrellMlnarj.
Barlsed,
91,636
175,5*8 r
309,'H3
88,860
67,286
1/
7,566
Includes rerlelco In June figure frcn $520 thousand to
$2,671 thousand.
. .
,.,
May 1949
51
CAPITAL yOVEMEKTS.
Section
I
-
Historical aaamary
Table 2.- Sbort-Tem Clalas on and Liabilities to Foreigaers
(Position at ODd of period in thouaaade of dollare)
Short-term claljne
Payable
End of calendar
year or month
in
foreign
cxirrenclee
igiii
367,786
WUS
21i6,6t3
19''3
257,929
19'''i
329,69''
w^s
392,766
Short-tera liabilities
Payable in dollars
Payable In dollare
Depoeita
of
foreigners
Loane to
foreign
banks
U7,o68
30,916
3'*, 387
54,603
lt7,W9
U8,633
202,085
3,678,518
72,0li8
86,378
l''3,709
137,16''
'',205,389
5,37l',903
105,li21
169,670
'',356,301
100,267
2115,010
5,596,775
6,883,068
319,639
292,866
361,197
290,1195
1190,631
6,U80,262
557,132
591,132
571,696
570,975
Payable
In
Other
foreign
currencies
Net
short-term
liabilities
'1,9116,6211
306,618
668,168
1,222,580
1,218,633
1,910,898
19,677
13,893
17,911
21,641
25,546
5,267,081
6,490,302
'',693,911
»,809,2'>5
1,7''5,722
7, 116, "119
2,257,510
7,717,960
5,209,8ao
2,1'37,751
40,629
49,664
70,389
5,772,009
6,167,483
6,699,260
7,096,060
7,175,075
7,219,510
'',810,281
'',8U8,''58
2,2011,192
2,2ll6,06l
'1,884,883
2,260,908
81,587
80,556
73,719
6,029,172
6,093,549
6,152,702
758
3,352,223
3,523,328
'',13'', ''12
3,310,732
3,958,n6
5,U6,974
ig'^
Mt
708,253
98,119
9W,936
165, '•39
19h8
1,018,700
100,371
1,066,888
1,081,526
1,066,808
87,100
89,517
83,281
388,656
.
.
.
1,065,896
588,3''5
7,305,351
.
1,031,6911
1,018,700
352,118
361,197
583,618
557,132
7, '•17,039
,
87,069
95,958
100,371
390, 1182
.
7,717,960
5,209,820
2,358,094
2,420,283
2,437,751
72,499
74,762
70,389
6,239,455
6,385,345 r
6,699,260
332,163
333,272
566,11.9
559,6711
7,869,075
7,938,817
5,210,650
5,226,627
2,591,844
2,642,924
66,581
67,266
6,873,109
6,931,713
19li8-July
Aiagust
September
October.
Norembor
December.
19U9 -January p..
995,966
97,65J>
February p.
1,007,101*
11U,158
p
r
''20,313
''12,552
'',87'',
r
11,921,994 r
Prell m1 nnry
Eevleed.
Table 3.- Net Moveaent of Short-Tern Banklne Ponds
(In thousands of dollars; negative figures indicate a net Otttflov of capital from the Cblted States)
Short- t«ni llabilltise
Short-teis claims
Payable
Calendar year
or month
in
foreign
currencies
1935-40
Payable in dollare
Payable in dollars
Loans to
foreign
banks
Payable
In
Depoeita
of
foreigaers
foreign
currencies
Net moreDent of
short- term
banking
funds
720,115
306,778
9,924
403,413
3,294,329
3,239,960
80,539
-26,170
4,014,444
16,192
97,503
409
15,933
-3,471
-20,216
7,U4
-3,515
20,671
-14,330
-19,043
5,154
19,298
60,899
6,545
-32,506
-75,340
-259,714
485,870
1,179,314
220,359
1,279,375
-433,959
105,607
620,884
220,576
583,205
185,617
385,365
554,412
-3,947
692,265
-11,372
-5,102
4,018
3,730
3,905
-243,522
583,373
1,168,058
148,594
1,216,303
-50,630
-67,320
65,068
-219,372
26,773
-68,331
-45,485
-200,136
-66,501
-418,422
636,207
601,541
-268,854
115,384
400,575
-164,651
511,788
180, 241
15,083
9,035
20,725
-733,909
395,524
531,777
32,882
-14,638
14,718
3,331
-2,417
6,236
8,144
-31,657
7,761
21,407
19,436
721
82,333
79,015
44,435
65,045
38,177
36,425
U,636
41,869
14,847
5,652
-1,031
-6,837
115,215
64,377
59,153
912
34,202
12,994
-3,788
-8,889
-4,413
22,070
38,364
-9,079
-17,370
4,727
26,486
85,841
111,688
300,921
97,186
62,189
17,468
-1,220
2,263
-4,373
86,753
145,890
313,915
1949- January p..
26,297
February p.
-U,138
2,717
-16,504
29,034
-1,109
-5,454
6,475
173,816
69,742
164,229
51,080
-3,808
685
200,113
58,604
1941
1942
1943
1944
1945
-71,765
-63,072
1946
1947
1948
-315,487
-240,683
-69,764
-U,256
1948-July
August
September.
October.. ..
Norember .
December . .
.
p
r
Preliminary,
Revised.
:
-10,125
47,236 r
287,826
13,395
17,977
:
..
.
,
Treasury Bulletin
CAPITAL MOVEMENTS
Section
I
-
Historical Sunnary
Table 4.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In thouaanda of dollara; oogatlre flgurea Indlcata a net outflov of capit&l froa
Doaaatlc
C&landar jear
or aonth
atocka
Salaa
Dcaestlc bonda
at
Purchaaaa
Salaa
purchaaee
1935-W
WU
llt6,039
Wka
170,555
268,2W.
393,390
21.5,311.
-97,1.32
513,558
377,717
-15,673
650,1.11
637,91.0
-6U,1.6o
l.ll.,1.70
681., 213
-269,71.3
782,119
1,116,322
-331., 203
336,305
283,275
330,307
53.030
562,391.
-1.7,892
652,151
659,91.9
81J.,366
-97,555
-192,215
-3,71.8
50,226
37,865
58,272
61., 1.55
-ll.,9l.7
-Ik, 229
-23,517
-8,292
700
7,172
-10,227
70,801.
66,111
60,309
53,321
1.1,132
60,325
-7,001.
1.6,205
157,321.
1.5,1.62
37,896
-111,119
7,566
29,997
26,830
26,276
kk,770
-11., 773
20,229
35,MO
-8,570
U,035
30,820
-l.,5l.l»
31,996
19,685
25,982
35,7W.
29,381
39,231
33,5kl
25,388
27,226
30,318
3,993
12,005
3,223
1.1,1.23
1«),723
21,078
19,780
13,906
30,007
27,708
18,732
23,290
19,987
U,i.l8
18,1.97
131., 03 1.
-1,255
26,730
17,909
..
.
.
19>>9-Januar7 p.,
7abruaj7 p
1/
27,767
210,735
-113,105
138,511.
21.1,299
-31., 579
51">,059
IfoToabar.
1.39,676
751,01.5
I6k,2l8
-1.2,977
75,W8
-150,585
-1W.,3S3
October..
-261,955
-39,1.36
25,701.
376,671.
Dacanber .
888,686
582,9*6
21*, 002
365,171
-56,216 i/
21k, 388
226,089
369,736
,
8,112,389
320,991
260,601
392,938
278,032 1/
171., 952
19''7
.
9,001,075
221,816 1/
-222,519
20,895
367,61.9
19kS-Jul7
Auguat..
Saptanbar.
purchaaaa
of donaetlc
aacurltlaa
Total
a&lea
368,558
19'>5
.19*8
at
Total
purchaaaa
-188,81.6 1/
19*6
Wkt
let
purchaaaa
Qblted Statea)
''73,052 1/
96,383
151,639
136,853
260,223
19i'3
Uw
19k ,616
171, '>32
357,655
U32,109
282,1.15
January k through Decaaber 31. 19*0; tha braakdovn batveen atocka and bonda le not
aTallabla for aarllar jaare
70,7'.'.
-115,537
8,821
p
1.6,599
61,382
66,561.
k,693
19.177
Prallffllnar7.
Table 5.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In thooeanda of dollara; nagativa flgurea Indicate a net outflov of capital frca tha Qblted Statea]
Foreign atocka
Calendar jtar
or month
Poralgn bonda
Hat
purchaaea
1935-*0
19kl
19k2
n.a.
n.a.
Purahaaea
Salea
let
purchaaea
n.a.
n.a.
n.a.
k*6,367
31*. 262
318,113
n.a.
n.a.
n.a.
372,158
225,289
3*7,269
n.a.
n.a.
n.a.
7k, 209
88,973
-29,156
Tot&l
purchaaea
,822,927
185,261
220,533
k69,6k5
3kO,863
355,kkl
Total
aalaa
let purchaaaa
of foreign
aacurltlae
3,019,082
803,8k5
133.558
227,897
391.9*9
2k7,367
kO2,058
51,703
-7.36k
77.696
93.*96
-k6,6l7
556,056
265,127
39,012
-9*,832 1/
19k3
19kk
19k5
23,278
26,601
37,328
19,791
22,078
5k,789
3.k87
k.523
-17.k6l
19k6
19k7
19*8
65,2k7
57.118
81,715
65,610
k2,558
96,7**
-363
Ik, 560
-15,029
755,936
658,7kl
211,621
*90,*k6
63k, 289
291,k2k
265, k90
2k,k52
-79,803
821,183
715.859
293,336
676,^7
5,257
5,312
7,835
8,003
7,172
7,k88
-2,7k6
-1,860
3*7
18,386
7,785
Ik, 368
10,378
156,620
8,396
8,008
-lk8,835
5,972
23,6*3
13,097
22,203
18,381
163,792
15,88k
5,262
-150,695
6,319
6.093
7,k23
8,226
7,763
6,073
6,113
-1,670
1.350
2,113
13,995
15,975
16,277
9,19a
9.972
1*,355
k,803
6,003
1,922
20,088
23.398
2k,503
16,955
16,0*5
20,k68
3,133
7,353
*,035
7,533
5,930
7,6k6
-113
13,k6k
3,935
1,995
U,572
8,560
12,221
k,90k
-6k9
20,997
17.502
16,206
16,156
*,791
1.3*6
19k8-Jul7
August
Septenber.
October.
RoTanber
Decaaber .
.
.
.
.
.
19k9 -January p..
February p.
n.a.
P
lot aral labia.
Prellalnary.
1/
388,168
Incluiea rerlalon In June figure from $520 thouaand to
$2,671 Uiousand.
1
.
.
..
.
.
May 1949
53
CAPITAL MOVEMENTS.
Section II
Sunmary by Countries
-
Table 1.- Net Movement of Capital and of Short-Term Banking Funds
(In thonsazidt of dollars; aegatire figures Indicate a net ontflotf of capital from the United States)
Short-term banking funds
Net capital movement
19U9
igkB
Count ty
January p
Burope:
United Kln^dOB
Franoe
Belglna
16,982
6,395
-2,895
Dsoaark
-652
-2,953
19,685
5,375
-893
-1,561.
1,951.
31,123
25,601
-2,058
1,61.1.
1,1.61
9,3''9
13,912
-277
1,111.
5,632
131
-10,62U
u;
3,965
12,190
ll.,883
13,1.W.
-1,381.
11,397
Portugal
fiumania.
-3li2
803
-6I10
17'i
l.,892
-2,766
6,023
nnlaal
0«maaji/
Oreeoe
Italy
Lozembonrg ....
Netherlands.
.
Hortrgj
Spain
Sweden
21,1.18
6,352
-U,121
158,781
16,526
17,397
-l»,V23
1,317
-6,11.2
-6,176
-8,709
-It, 253
15,751
-7,210
9,03''
8,991.
-3,1.11.
Other lurope.
-3,007
5,889
fotal lorope.
29,253
U6,153 r
Switzerland.
n. S. S. B...
Tu^slaTia.
.
Canada
Latin America;
Argentina.
Bolivia
.
Brazl
359
256,550
18,636
62,320
16,996
lli,88lt
-18,120
6l«)
1,520
2,3lt9
lt,889
615
8,260
988
-873
7,823
10,337
5,ltU2
Chile
Colombia.
Costa Blca.
6,1.67
-2".
61.6
6,631
5,336
590
-13,825
-10,078
-6,633
3''
Ult2
-It
-2,291
1,965
-2,091
1,877
629
Peru
1,513
-667
7
-1,227
1,51.5
Panajna
Venezuela
Other Latin America.
7,088
28,295
-6,Uli6
-7,213
1,835
Total Latin America.
23,212
-15,708
55,076
-1,056
1,162
1.8,987
16,910
2,213
2,721
.
It,
.
Cuba
French West Indies and Oulana.
Mexico
Netherlands West Indies and
Suri naa
3,233
1,911.
6,71.5
Asia:
China and Manchuria.
French Indo-Chlna.
Hong Kong
.
-5,881.
-883
It,
988
6,887
3,367
509
India
British Maliva.
Japan
-1,316
Netherlands last Indies.
Philippine Islands
Turkey
Other Asia J/.
2,365
7,737
-6,165
6,510
-l.,092
-10,31.8
-8,185
-I3U
3,099
-11.,
2,765
112,331.
12,581
676
-1,163
1,505
1*02
-5,972
1,072
19
-2,900
781
371
1,085
-5,761
-569
8,963
-1,332
9,592
-8,639
5,253
6,1.18
-18,896
Total Asia.
Other countries:
Australia
Hew Zealand
E^pt and Anglo-Egyptian Sudan.
French Morocco
Union of South Africa
All other
Total other countries.
International i/
-'»,775
"t,l87
-1,0511
9,950
Unidentified
1,760
Orand total.
91,636
3,569
317
-698
-It,
133
-2,016
175,51.8 r
-It,
592
-96
10,028
February p
19k8
19U9
December
January p
February p
Treasury Bulletin
5"^
CAPITAL MOVEMENTS.
Section II
-
Sumnary by Countries
Table 2.- Net Movement In Brokerage Balances and Long-Term Security Transactions by Foreigners
(Xb tfaoii*«nd« of dollari: aacatlT* flgurat lodloat* * ntt oatflov of capital froa the Uilltad Statei or net ealee
Country
lay
forelgaere)
May 1949
55
CAPITAL MOVEMENTS
Section II
-
Summary by Countries
Table 3.- Short-Term Claims on and Liabilities to Foreigners
(Position At end of month In thousands of dollars)
Conntry
.
Treasury Bulletin
56
CAPITAL MOVEMENTS
Section
Table 4.
II
-
Summary by Countries
Foreign Debit and Credit Balances In Brokerage Accounts
(PotltloB at and of Booth In thousand! of dollara)
Cradit balanaaa (daa to forel^ara]
Sablt balaoeaa (dua froa foralgnera)
Couatry
I9U9
19^8
January p
loropa:
11'9
825
551
227
869
613
1T9
19
19
20
k
1
U
89
320
26
201
500
28
139
325
"•7
37
39
l.SkT
9*0
1,357
3,912
3,836
5,219
"•,625
991
Qacdo
Onltad
fraaoa
••90
Bal^QB
Daaaark
Tlalaad
Oarsaiqr
Ora«o«
UmXj
Uamibovrg.
..
latharlanda.
lonr^f
Portu^^
*2
6
Spain
Svadan
Svltiarland.
U. S. 9. S...
T^i^alaTla.
Othar loropa.
.
.
'•95
Total loropa.
Latin Aaariea
ArgantlnA.
BollTla...
Braxll
1,075
Chlla
Coloabia
Coata filca
1
2
1,586
1,1178
706
190
612
2S6
1".
S.OS*
9
2,072
2,U3lt
8
299
126
8
128
109
8I>1
83't
853
758
AMrlea
12,835
12,395
CMzia and Maactaarla
Praoeh lado-Chlna
Bone Konc
1,685
1,390
16
IV
2U
25
835
601
11
Coba
fraoah Vaat ladlaa
Nazloo
5,083
and.
Oala
latharlanda Vaat Indlaa and
SorluB
Paaasa
Paru
Tana mala
Othar I«tln iaarlca.
Total Ifttln
Aala:
India
Brltlah Mali^a
Japan
latharlanda Xaat Indlaa.
Phillpplna lalaada
Tories
Othar i^la^
k
31
Total Aala.
Othar eoontrlaa:
Axutralla
lev Zaalond
I^^t
and Anelo-Iflrptlaa
^dan.
71
2,595
2,195
3
8
1
1
Pranch Morocco
Union of South Africa
All othar
13
11
37
31
38
Total othar oonntrlaa.
65
83
2U,626
23, yk
5
Daldantlflad
Orand total
k
igi^S
F«teiiar7P
19»i9
Januarr p
TebtMarj
p
Mail
W49
57
.CAPITAL MOVEMENTS.
Section III
-
Details for Month of December 1948
Table 1.- Short-Term Claims on Foreigners
(Position al end of month In thousands of dollars)
Oountr7
Treasury Bulletin
58
CAPITAL MOVEMENTS
Section III
-
Details for Month of December 1948
Table 2.- Short-Tern Liabilities to Foreigners
(Position at »ad of aonth In tt.ou>md» of dollftr«)
Cmintrr
May 1949
59
CAPITAL MOVEMENTS
Section III
Details for Month of December 1948
Table 3.- Purchasee and Sales of Long-Term Securities by Foreigners
-
(In thousands of dollara)
Country
Treasury Bulletin
60
CAPITAL MOVEMENTS.
Section III A
-
Preliminary Details for Month of February 1049
Table 1.- Short-Tera Clalns on Foreigners
May 1949
61
— CAPITAL MOVEMENTS
Section III A
-
Preliminary Details for Month of February 194Q
Table 2.- Short-Term Liabilities to Foreigners
.
,
.
.
62
Treasury Bulletin
CAPITAL MOVEMENTS.
Section III A
-
Prelloilnary Details for Month of February 1040
Table 3.- Purchases and Sales of Long-Tern Securities by Foreigners
(In
thou—pd«
of dollAr»)
Pirohas«0 by foarvl^am
Country
Total
purohas*a
tic voourltlaa
TotAl
ForBljpa ••ourltl^a
Boc^
Stocks
Total
Total
aalei
StookB
Tofi^
SoBMtlo •oorltl**
Total
Stocks
BoMa
Total
•carltl««
Stocks
gurops:
7,39k
5,715
615
2,258
555
56
30
23
20
20
Thiltad Elxtgaaa.
rraac«
Bel^lim
1,627
Finland.
C«rBan7.
Greeca
Uo
5,136
5,150
175
3.821
5.2k2
78k
2.278
1.739
1.77
8,0k9
5,868
l,2k7
26
26
53
53
53
62
22
251
158
22
230
138
22
16k
135
2,k37
1.875
202
lk5
1.629
10k
130
1,961.
Iks
1,012
535
388
535
8
8
8
301.
235
55
223
22
69
17
559
58
10
1.21.
11.3
39
590
59
10
389
29
7
88
159
82
87
22
65
6
72
Svltzarland..
U. S. S. F...
TugoelaTla..
Other Europe.
12,511
9,5'.7
7,593
1,951.
86
83
68
15
Total Europe.
32,2li7
2'.,530
U,90>
12,626
7,717
2.931
2l,l»ko
15,092
2,303
12,789
6,31.8
351
7
129
267
81.
Italj-
Luzaabourg-
72
Retherlanda
BorvBj
Portugal .
i.oiu
.
Ruaanla.
Spain .
Svodan.
.
us
1.1.29
351.
17
281
389
22
323
179
60k
1.5k3
3,503
180
k,228
626
66
21
20
12
562
121
3k
157
k
3
2k6
98
15
k63
322
309
52
6
72
257
18
239
237
1,651
8,787
6.658
6.1D5
553
7
7
6i
1
63
6
98
35
35
11,786
27.762
19,k97
13.275
6,222
8.265
2,101
2,557
3,791
19,020
12,781
2,lk5
10,636
6,239
l.kl3
202
12
190
1
1
28
331
2to
17
570
188
2
185
158
2
162
52
15
385
2,961.
1,313
3
26
11
8
18
7
2,129
1,203
Latin Aaerlca:
Argentina.
553
BoUTla...
BrasU....
I.S8
CUla
93'>
Coloabia...
Coata Rica.
Cuba
Trench Veet Indies and
Onlana
Mexico
Hetherlanda West Indies
and Surlnaa
Panaaa
Peru
8
7
111
18
359
1.16
28
6
1.90
1.90
3k8
Ik
U
2k
28
290
12
28
285
12
5
58
18
899
9kk
573
560
371
399
30k
266
95
129
1,376
128
1,298
63
12
1.072
63
5k
23
1.8
23
1,970
977
1.58
519
993
91.
539
1.7'.
W.
30
65
56
k6
923
1.1
•.99
U8
37
91
6I>
6I>
61.
72
5
23
1.21.
I.
333
65
12
116
226
1
78
2
IkS
9
1
7enesuela
Other Latin Aaerloa.
208
1,080
180
180
817
28
226
678
160
k67
160
kkk
7
21.
6
202
93
37
23
211
lk5
Total Latin Aaerlca.
6,908
I.,06l
3,287
771.
2,81.7
379
2,1.68
5.071
3.698
3.201
k97
1.373
336
l,ll20
1,276
806
U70
lU
2
11.2
1,688
l,k78
981
k97
116
1.8
3^
11.
68
12
56
97
97
97
2
1
1
1
1
2
2
6
6
8
7
12
22
88
7
Aala:
China and Hanchurla.
French Indo-Chlna. ..
Hong Kong
India
British Malaja.
Japan
Hetherlands East Indies.
Rilllpplne lalande
Turkey
Other Asia l/
Total Asia
902
299
39
39
lk9
23
153
Total other countries.
Intematlooal 2/.
5L.
1,1.07
WO
113
10
to
113
10
139
131.
66)»
31.1
336
31
31
62,961.
1.5.1.62
.to
253
55
8
1
5
17
5
1,67^
Other countries:
Australia
Rev ^alAnd
Egypt and AngloEgrptlan Sudan
French Morocco
Qnlon of South Africa.
All other
22
55
53
_J5
_J1
505
267
2k7
1.995
1.7kk
l',21fi
260
260
33
33
33
2
2
7
k
83
11
29
35
8
383
528
251
1
5
Ik
96
23
k3
_k3
280
20k
176
150
26
28
23
11.572
5k,052
37,896
19,987
17,909
16.156
3,935
2k
tkUdantlfled
Grand total.
1/
18,732
26,T}0
17,502
Baglimlne vlth Jaaiarx 19k8, loolad.s iata for Paklatao, Bnxaa,
and Ce7lon, irvrloual^ Inololed vlth Inlls.
5.930
2/
12,221
Inelnd** trwisaotlooa of intematlanal arganlKatlaoa anoli a« mUtii,
Int«natlcnal Moo.tar7 Pund, and lnt«niatloiial Bank.
63
May 1949
CAPITAL MOVEMENTS.
Section IV
-
Outstanding Contracts for Forward Purchases and Sales of Foreign Exchange
(End of month
Currency of
-
-
In thoxlBimdB of dollars)
.
.
Treasury Bulletin
61;
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Data relating to corporations in which the United
Tables
7
and
h,
published In this Issue of the
Treasury Bulletin", are compiled from reports of the
States Oovelnment has a proprietary Interest, direct or
Indirect, and to certain other buslnese-tjrpe activities
agencies, adjusted by the Treasury Department.
Tables 1
glTlng the corresponding loan and balance sheet
data, were published In the April 191*9 Issue.
of the United States QoTemment are presented In a series
and
of four tables.
2,
Table 3.- Income and Expense for Six Months ^ided December 31,
IMS
(In thouBonda of dollar*)
Corporatlooa
Co^odltj
Krport-
I>epo8lt
Credit
Corporation
Ijq)ort
Inaurance
Corporation
Federal
Farm
Mortgage
Corporation
1,283
2,175
Federal
Oraod
total
Sale of caoBK^dltlee and auppllee
Sale of eerrlcee
Fenta and roTaltles
Interest and dlTldende:
Intereat on loane
Intereat on public debt obligations
Intereat, other
DlTldanda
Guaranty ""^ Inaurance prenluna. ...•.......*.....
Other Inccae:
Galna on aale of fixed aaaete
Calna on sale of Inreataente
Galna on aale of acquired aecurltj or collateral
Other
TOtAl inCCBB.
Ixpenae:
Coet of comodltlee and auppllea aold
Direct operating coata
Intereat expenee:
On borrovlnea froa the U. S. Treaaury
Other
AdalnlatratlTe ezpenaae
Depreciation (not Included In coet of aalee or
direct operating coeta )
Grante, eubeldlee^ and contrlbutlona:
Direct
Indirect
Guarantj and inaurance loaaee
Other expenaea
Loeaea and charge-off a:
loana charged off
Other aaeete charged off
Loeeea on eale of fixed aaeete
Loeaea on eale of Inreetaenta
Loeaea on aale of acqulr«d eecurlty or collaterail
Direct chargea to operating reaerrea
Other
,
,
,
Total expenee.
let inccBS, or loea (-), before adjuataent of
Taluatlon and operating reaerree
corporatlona
cooperatlT«e
Bank of
Vaahlneton
82^,871
39,918
787,329
W,756
U8,86o
3,1W
118
123,631
19,659
80,636
"•,190
17,90li
I198
2,lli9
1,1'3''
2,176
109,622
78,ll>2
833,331
tfil
Ii2
1,887
U,6kk
59,593
U67
501
k2
76
1,192,7W>
1,059,691
931, 2W1
53,913
92U,56o
31,19k
21,180
12,U50
56,618
13,878
27,092
8,195
3,859
25k
'',177
1,136
21
7,k85
ll.UTO
-1,225
21
7,U85
3
1,U63
300
11,732
12,201t
29,983
383
76
25_
12,l8li
l»,713
2, 161
228
l,3k5
79g,3''5
30,211
73,868
2,308
2,663
33
1,016
57_
891, '•57
l,61.7i/
990
810
6,090
181
lt,635
I130
6,581
k
35
29
209
8,82U
27,893
2,912
9
936
160
113
355
117
l,lk8,33k
1,033,770
1,850
903,59k
6,52k
3,011
1,050
kk,k07
25,921
2,863
-m,2k9
23,687
70,857
1,259
-2.3k6
-5,716
-1,391
-3,905
26k
-k3
710
6
97k
-36
23,692
71,831
1,222
23,692
-23,689
71,831
-71,831
k9
1
12
9
IkT
160
93
135
Adjuetaenta of Taluatlop and operating reaerree:
Reaerre for loeaea
Peaerre for loeaea
collateral
Beeerre for ioeeee
Peeerre for loeeea
Operating reeerrea
Other reeerres
on loana
on acquired aecurity or
Ret adjwtaant of raluatloo and operating reeerrea,
Vet Inco
or loea
-1,275
75k
108,565
-kOO
-7,k60
126, k75
-k28
97,08k
113,62k
-1,389
116,087
lkl,k91
139, 5k5
l,k75
k,838
25,372
-1,898,60k
l,k75
k,838
on fixed aaeets
on cc^aodltlefl end euppllee.
(
-
)
Changee In unreeerred earned eurplua or deficit:
Unreeerred eemed eurplua, or deficit (-),
June 30, 19k8
Ret Incoae, or loee (-), for the elx monthe ended
December 31, 19k8
Tranafere to (-) eurplua reeerree
Tranafera froa eurplua reaerree
Dletrlbutlon of proflte:
To General Fund rerenuea - depoalt of eamlnga..
DlTldenda
Other
Prior year adjuataente
Onreeerred earned eurplua, or deficit (-),
December 31, 19k8
Footnotee at end of Table k.
•k,265,310 r l,k07,222 r
lkl,k91
-97,230
3,lkl
139,5k5
-97,230
3,023
-23,326
-361,139
-2,6kO
1,655
-361,139
-2,592
2,688
-k,603,357
1,722,927
-7,k60
126,680
773
122,972
1,222
700
-50,000
27,5k6
(Continued on following page)
-1,893,766
7k, 195
May 1949
65
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 3.- Income and Expense for Six Months E^ded December 31, 1048 - (Continued)
{In thoiiBands of dollare)
Corporations
Federal
inter-
mediate
credit
banks
Federal
Savings
and Loan
Insurance
Corporation
HCB10
Ovnere'
Loan
Corporation
(in liquidation)
Production
credit
corporatlone
-
(continued)
Public
Houfilog
Administration
2/
IncoBiq:
Sale of commodities and eupplles
Sale of eerrlcee
Rente and royalties
Interest and dlTldends:
Interest on loans
Interest on public debt obligations
Interest, other
2,613
5,169
512
2,238
DlTldandfi
Guaranty and Insurance premiums
Other Income:
Gains on sale of fixed assets
Gains on sale of Inrestnents
Gains on sale of acquired seoirrlty or collaterel
Other
Total Income
Expense:
Cost of cciamodlties and supplies sold
Direct operating costs
Interest expense:
On borrowings from the U. S, Treasuiy
Other
Administrative expenees
Depreciation (not Included In coat of sales or
direct operating costs)
Grants, subsidies, and contributions:
Direct
Indirect
Guarajity and Insurance losses
Other expenses
Losses and charge-offa:
Loans charged off
Other assets charged off
Losses on sale of fixed assets
Losses on sale of investments
Losses on sale of acquired security or collateral
Direct charges to operating reserves
Other
Total expense
Net income, or loss (-), before adjustanent of
valuation and operating reserves
73
792
99
6
U,925
32
35
25
5,733
7,l6iv
U,322
728
269
39
77
9,132
910
1,328
1,161.
12
6
5,050
290
2,51't
770
68U
6,87U
6,618
lUO
an loans
on acquired security or
13
on fixed assets
on commodities and supplies....
-3
Ret adjustment of valuation and operating reserves
Net income, or loss (-)
68U
6,877
68U
6,877
-1,250
£5,171
5,627
Changes in xmreserved earned surplus or deficit:
Unreserved earned surplus, or deficit (-),
June 30, 191^8
Net Income, or loss {-), for the six months ended
December 31, 19'*8
Transfers to (-) surplxis reserves
Transfers from surplus reserves
Distribution of profits:
To General Fund revenues - deposit of earnings..
Dividends
Other
•
Prior year adjustments
Unreserved earned surplus, or deficit (-),
December 31, 19>*8
Footnotes at end of Table U.
76I1
10
Adjustments of valuation and operating reserves:
Beserve for losses
Reserve for losses
collateral
Reserve for losses
Reserve for losses
Operating reseiT'es
Other reserves
3,765
8,890
;
Treasury Bulletin
66
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 3.- Income and Expense for Six Months Elided December 31,
1M8
-
(Continued)
(In thouftoiKU of dollara)
Cert&ln othor lnislii«s8-tn« actlTltiea
Total
certain
other
busiaeaB-
Fazvers*
AdBlnlatratloD
Federal
Houslag
AdmlAletraticn
Federal
Public
Wortai
HoualJDg
AAoocy
AdnlnlBtratlon
M
actiTltlee
Rural
SlectrlflcatlOQ
AdnlnlB*
txatlcn
D. S.
Marltlae
CconlBBlcoi
other
10/
2/
iBco—:
Sale of co^Aodltlea and suppllee
Sale of serrlceB
Benta and rojaltlee
Intareet and dlTidanda:
Intaree t on loana
Intareet on public debt obligatlona
lAtareat, other
DlTldoods
Guaranty and inaurance preal uaa .*.*.>.>.•*•.>.>>*
Other Inoooe:
Galna on eale of fl^ed aaeeta
Calna on eale of Inreetaenta
Galna en eale of acquired eecurltj or collateral
Other
Total IncoMB
8,1.59
8,1.59
838
838
17
1U>
1.5,559
'>S,995
10,932
5
1,756
716
713
10
1,71.6
131.
565
•
31,'>80
10
31,1.70
-19
-19
167
223
15
i6
133,0^9
11,322
33,802
1,1.90
21.0
8,993
21,331.
11
713
5
1
52
1,1.90
1.5,857
8,993
31,585
Kx|iauae!
Coet of comodltlee and suppllee aold
Direct operatljt^ coeta
In tares t expense:
On borrovlngs fron the D. S. Treasury
Other
AdAinletratlTe expensae
Depreciation (not Included In cost of sales or
direct operating costs)
Grants, subsidies, and contrlbutlona
Direct
Indirect
Guaranty and Inaurance loeaes
Other expenses
Losses and charge-off s:
Loana charged off
Other assets charged off
Losses on sale of fixed aaseta
Losses on sale of Inveetasente
Losses on sale of acquired security or
collateral
Direct charges to operating ressrres
Other
6,68l>
7,308
a67
29,586
1,856
20,873
7,302
11,11.9
267
11,698
-79
3,0lil
3,690
2,725
3U.
l.,288
US
"•,336
3,01.1
166
73''
560
U12
8, "169
8,057
27,775
2,900
91.9
215
3
789
30
759
20
17
26,826
2,066
32
581.
1
20,kO9
12,783
3,128
58,302
10,058
9,883
18,1.85
-9,087
21,018
-1,638
-12,1*5
-1,065
21,702
3,370
3,1.12
23
Total expense
Het IncouB, or loss (-), before adjustsaant of
raluatlon and operating reserreo
6,681.
22,7S0
Adjuataaents of Taluatlon and operating reaerrea:
Resarra for losses
Beserre for losses
collateral
Beeerre for losses
Peserre for losses
Operating reserres
Othsr reserves
on loans
on acquired security or
-2,028
-2,030
-17,910
29
-17,902
-65
2
on fixed aaseta
on coi^Ddltles and supplies....
Ret adjustaant of raluatlon and operating reserres
Ret Incoae, or loss (-)
•.•...••
-8
29
-16,51*
3,1.12
-19,909
1,91.6
-5,675
1,109
-36
-1,638
-12,1.81
-1,065
-19,019 r 1,878,91.0
•55l.,723
-11,51.5
-1,638
-12,1.81
-1,065
21,696
Changes In unreeerrad earned aurplue or deficit:
Unreserved earned surplus, or deficit (-),
Jijia 30,
igW
-2,858,088 r
Ret IncosM, or loss (-), for the six months ended
December 31, 19l»8
Transfers to ( • ) surplus reserves
Transfers from surplus reserres
Distribution of proflta:
To General Fund reTenues - deposit of earnings..
Dividends
Other
Prior year edjueiaanta
Qoreaerved earned surplus, or deficit (-),
Deceabar 31, I9I18
footnotes at end of Table
>i.
1,91.6
-30,507
-5,675
1,109
21,696
US
n8
-23,326
-21,836
-1,1.90
-1.8
-1.8
-1,053
-1,033
-2,880,1.30
-363,35k r
-36,182
-17,791
-1,882,01.7
-568,258
-12,610
-363,5'.2
Aim/ 1949
67
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 4.- Source and Application of Funds for Six Months Ended December 31, 1948
(In thousanda of dollare)
Treasury Bulletin
6s
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 4.- Source and Application of Funds for Six Months E^ded December 31, 1948
(In thouaandB of dollare)
(Continued)
:
.
)
:
May 1949
69
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
_^
Table 4.- Source and Application of Funds for Six Months Ended December 31, 1948 - (Continued)
(In thouaandfl of dollara)
Certain other bUBlnees-type activities
Total
certain
other
bualnesetype
aotlTlties
FamerB*
Bene
Adnlnletratlon
Federal
Housing
Administration
Federal
WorkB
Agency
Funds applied:
To acquisition of assets:
Loans made
.........*........
Purchase of Invastments:
Public debt obligations of Onited States
Other eecuritles
Purchase, construction, or Ijuprorement of fixed
assets
Cost of acquiring collateral on defaulted loans,.
Other
Total acquisition of assets
To expenses (excluding depreciation and other
charges not requiring funds
To retirement of borrowings and capital, and
distribution of surplus:
Repayment of borrowings:
To U. S. Treasury:
By cash
By cancellation of notes
To other Government corporations and agencies..
To the public
Repayment of capital end surplus:
To U. S. Treasury
To others
General Fund reTenuas - deposit of earnings
Dividends
Other distribution of surplus
Total retirement of borrowings and capital, and
distribution of surplus
To Increase in working capital and deferred items..
Other funis applied
Total funds applied
2,085,596
119
55,527
7,520
31
7,520
31
70
58
8,0lU
-326
2,110,771
55,597
15,623
-206
70,621.
11,1.27
11,972
3,128
9,1131.
8,176
11.
8,818
1.
ll
13,117
13,117
107,lt6l
73,193
23,326
3,088
155,813
73,193
1I»,812
'»,525
2,352,020
iia,,7it2
562
66,520
67,357
Funds provided:
By realization of assets:
Repayment of loans:
By cash
By cancellation of corporation notee
Sale or collection of Investawnts
Public debt obligations of United States
Capital stock of Government corporations
Other securities
Sale of fixed assets
Sale of acquired security or collateral
Other
Total realization of assets
By inccone ..........................................
721.,
75
13,316
53
1
1
28
Ul
19
809,296
67,1.70
li,6o8
133,251
11,525
33,802
11,787
1,599
By borrowings, capital and surplus subscriptions,
and appropriations:
Borrowings
Frcm U. S. Treasury
Frcm other Government corporations and agencies
From the public
Capital and surplus subscriptions:
By U. S. Treasury
By others
Cancellation of notes to U. S. Treasury
General Fund epproprlatione • expended
Other
Total borrowings, capital and surplus subscriptions , and appropriations
By decrease In working capital and deferred items..
Other funds provided
Total funds provided
Footnotes on following page
160,000
k
li
156
156
1,229,696
65,7117
1,389,856
65,7117
1,160
li,UliU
19,617
2,352,020
1,000
llili,7li2
liJl,Olll
Public
Bousing
Administration
8/
Rural
Electrification
Administration
U. S.
Maritime
Coomisslon
2/
Other
10/
.
Treasury Bulletin
70
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Footnotes for Tables 3 and 4 (Decenber 31, 10481
^
1/
etock.
Incluiei $9115 thoiuand «ccru«4 iBtereit on caplt&l
war
tt enended.
Hepr««ent« KtlTltlos under the U. S. Housln« Act,
ere ehown under
houelne and other operetlone of the Administration
actlrltlee'.
"Certain other buelneee-type
he Mrged va,
Incimee merged ver eTfUlatee, the iMt of which to
In flacel jearl9W4.
U S CcmM>rcl<a Ct»i>«n7, which wae dlaeolTed
with prorlalona
accordance
In
Ripriaente aaaete held for the Treajury
prorlded for cancellatlm of
of Puhllc Law 860, 80th Coogreea which
plus Intereet
p 1. C. notea In the aaount of i9, 313, 736 thouaand.
representing unrecorered
accrued thereon subsequent to June 30, \'^1 ,
national defense,
Its
June
of
30,
W""?,
as
coats to the Corporation
that anj aaounts
war and reconreralon actlrltlee, and stipulated
aubactlrltlee
recorered bj the Corporation with respect to these
of related expenses,
eequent to June 30, Vi^l , should, after deduction
miscellaneous receipts.
be depoelted In the D. S. Treasury as
Federal Crop
Consists of Defense H<»bs Corporation (In liquidation);
Mortgage Association; Federal
Rational
Insurwice Corporation; Federal
Institute of
Prison lalustrles. Inc.; Inland Wetenraors Corporation;
Transportation
Int«r-AM>rlcan Affairs; Institute of Inter-Aaerlcan
(in
(In liquidation); Panama Railroad CoBpanor; PrenclJOradlo, Ino.
of Washington,
liquidation); Beglooal Agricultural Credit Corporation
SMOler War Plants Carporatlon (In liquidation); Tennessee
D C
V^ej Associated Cocperatlreo Inc. (liquidated); The Virgin Islands
liquidation).
Cosipany; end War Damage Corporation (In
fiscal year 19''9
Bepresonts net inccoe during the first 6 months of
from power operations.
.,
.. ^ ,
Works AdminisPublic
and
Facilities
Consists of Bureau of CcBmiunlty
liquidation)
tration ( In
Security Administration program, hcBSS coOTeralon
Consists of
m
:J
•
,
,
Farm
re-use
program, public war housing program, and reterana'
housing program.
Co«leslon
Maritime
S.
to Treasury on U.
2/ Latest reports arallable
relating
functions, and on War Shipping Administration functions
March 31, W"?.
to leM-leaso and UHKRA activities are aa of
AdmlnlaShipping
Lateet arallable reporte for remainder of War
Data derlred from
tratlon functions are as of February 28, Yi^l
Bulletin for
such reports were last puhllahed In the "Treasury
Statement for
torll and Joas 19lt8, and In the Dally Treasury
U. S. Maritime
the
on
data
current
June 15, V)Vfi. Publication of
Camlsslon will be resumed when auch data are arallable.
Marketing Act Berolrlng Fund; Federal
iO/ Consists of Agricultural
of the Interior -Security Agency -- loans to students; Department
Administration; DepartiBllan loans and Puerto Flco Reconstruction
Department of
ment of the Army - guaranteed loans (World War II);
and sale of surplus
the Nary - guaranteed loans (World War II)
mlsceUaneous loans
supplies (World War I); Treasury Department Canteen Serrlce.
and certain other assets; and Veterans'
unexpended balance of
U/ Includes »625 thousand representing thecorporate
funds for admlnlefiscal year 19'»9 budget allocation of
to Federal
tratlon of tie Federal Credit Union Act transferred
for which the
Security Agency, Bureau of Federal Credit Unions,
capital stock
of
retirement
toward
Corporation has r«celred credit
law 813, Both
held by the United States, as prorlded by Public
Congress, 2nd session.
12/ Inclules »132 thousand In transit.
ii/ Includee renewals,
Rerlsed.
Less than %y».
.
.
.
May 1949
71
CUMULATIVE TABLE OF CONTENTS.
June 1048 through May 1040
leeue aal pag« nimb«r
19W
July
Aug.
19"i9
Apr.
Sept.
Ma;
Articles:
Treasury flnflnclng operations
ADnouncemfint of change In reporting procedure on refunle
anl capital transfers
Summary of Fedaral fleoal oparationB
A-1
A-1
A-2
.
Budget reoelpts and expenditures!
Summary by major clasBlrlcatlons. .
Eecelpte by principal sources
•..
Expenditures by major classifications
•>•.
Expenditures for national defense and related aotlTltias
Expenditures for International finance and aid
"Other*' expenditures
Summary by months and calendar years
Social Security Act
Ballroad Betlrenent Act
BnHroad Ctaen^loyment Insurance Act
.
Trust acoounts. etc.
:
Becelpts and expenditures by major classifications.
Summary of receipts and expenditures of all trust
accounts , etc
Becelpts, by principal accounts
Investanents, by principal accounts
Expenditures other than InrestaBants , by principal
accounts
Federal Old-Age and Surrlvore Insurance Trust Fund.
Bailroad Betlrement Account
Unsmploynent Trust Fund
8
8
8
9
9
10
10
8
8
8
8
8
8
9
9
9
10
10
9
10
10
Treasury cash Income and outgo:
Summary of
Derivation
Derivation
Derivation
Derivation
Summary of
cash transactions ...........................
of cash budget receipts
of cash budget expenditures
of cash trust account transactions
of cash borrovlng or repeyment of borrowing.
cash operating Income and outgo by months . .
11
11
12
12
13
13
U
U
n
n
11
11
12
12
12
12
13
13
13
13
12
12
11
11
12
12
13
13
13
13
General Fund of the Treasury!
Status of the General Fund
Analysis of change In balance in the General Fund
lU
Ik
Debt outstanding:
Summary of Federal securitieB outstanding
Interest-bearing public debt
Interest-bearing guaranteed securities
Special Issues to U. S. Government investment accounts.
Computed interest charge and computed Interest rate on
Federal securities
Treasury holdings of securities issusd by corporations
and certain other business-type activities of the U. S
Government
16
17
17
17
17
15
15
16
16
15
15
16
16
15
15
16
16
17
17
17
17
17
18
18
18
18
18
18
19-20
21
19-20
21
19-20
21
23
23
23
23
23
21.
2ll
21.
21.
21.
17
17
17
17
17
Statutory debt limitation:
status under lijnltatlon
Application of lijnltation to public debt and guaranteed
securities outstanding
Debt operations:
Maturity schedule of Interest-bearing public marketable
securities Issued by the U. S. Goverrment
Offerings of Treasury bills
Offerings of marketable issues of TreasuT7 bonds, notes
and certificates of indebtedness
Disposition of matured marketable Issues of Treasury
bonds, notes, and certificates of Indebtedness and
guaranteed securities
Issuance and retirement of the public debt
18-19
20
19-20
21
19-20
21
19-20
21
19-20
21
(Contlxnied <m follovlng page)
19-20
21
19-20
21
19-20
21
19-20
21
:
.
.
.
Treasury Bulletin
72
CUMULATIVE TABLE OF CONTENTS.
June 1048 through May 1040
-
(Continued)
lasua and pa^e oiaaber
wts
19''9
July
Aue*
Sept.
Oct.
25
25
26-27
25
25
26-27
25
25
26-27
25
25
26-27
lor.
Jan.
Apr.
United 3tate« gavlnga bonda:
SiAnaJ7 of cuBulatira aalee and redeoptlona by aeries..
Salea and rsdaaiptlooa, all aerlea caabliied
Salea ajid redeaptiooa of Serlea E, r, and G
Sales of Series £, T and G:
By denoolnAtlooa
By States
Pedea[ptlona of Series A-E by States
3U
25-26
25
25
26-27
25
25
26-27
25
25
26-27
25
25
26-27
25
25
26-27
25
25
26-27
28
29-30
31
28
29-30
31
Treasury aavlngg notee:
StBBary of cuBulatlre sales and redenptlona by series
Sales and redeaptlona of Serlea C and D
27
27
28
28
28
29
28
29
29
30
30-33
31-3''
28
26
28
28
33
29
29
33
3l>
29
30
35-38
31-3'.
28
28
28
28
Ownership of Federal eecurltlea:
Distribution by classes of Inrestore and types of Issues
Net aarlret purchases or sales for Inreetaent accounts
handled by the Treasury
EatlflAted ownership by ban]c and nonbanlc Inrestore
29
29
29
30
29
30
31-3".
31-3".
29
29
31-31.
31-31.
Treasury survey of ownership:
Ownership by banks. Insurance cospanles, and others
Ownerahlp by cc^aerclal banks classified by meoberehlp
in Federal Peserre System (latest date Dec, 31. 191*8).,
31-31.
31-31.
35-38
35-38
35-38
Market quotations
Orer-the-counter closing quotations on Federal sscuritlee by issues
Chart shoving yields of Treasury securities
35-36
37
39-to
1*1
39-to
kl
35-36
36
37
35-36
37
35-36
37
35-36
37
37
37
38
39
U2
U2
••3
38
39
38
39
38
39
38
1'3
39
to
to
ui
U2-U3
3'>-35
39-to
39-to
1.1
1.1
35-36
37
Yields of Treasury and corporate bonde:
Average yields of long-term bonda by periods....
Chart shoving sTerage yields of long-term bonda
39
Internal revenue collections:
Stnmary by principal sources
Chart shoving internal revenue collections.
Detail of collections by type of tax
I1I-I12
1.1
to
ui
to
Ul
UI.
.5
to
Ul
to
"•5
1.5
1.5
to
Ul
1<6-U7
I.6-U7
I.2-U3
1.2-1.3
1.2-1.3
1.2-1.3
1.6-1.7
I.6-U7
1.2-1.3
US
U9
US
lU.
Ui
1.8
1.8
1.9
U5
1.5
1.5
1.5
1.9
U9
1.5
"•9
1.9
'•5
1.5
1.5
"•5
1.9
1.9
1.5
50
50
1.6
1.6
1.6
1.6
50
50
1.6
50
51
1.6
1.6
1.6
1.6
U7
U7
1.7
50
51
50
51
1.6
U7
Monetary statletlcs:
Honey in circulation
Monetary stocks of gold end silver
Cold assets and liabilities of the Treasury
Ccnponente of silver monetary atock
Silver production in the United States and acquisitions
by minta and assay offices
Sei^iiorage on silver
Increiaent frooi reduction in weight of gold dollar
(latest date March 3I, 19'*9)
Treasury gold receipts (latest quarter ending
December 31, 19'>8)
"•3
Ut
U>
us
us
"•5
l>6
US
1*6
50
1>6
U7
51
51
!*£
51
1.7
51
1.7
51
1.7
ExehanRe Stabilization Fund:
Balance Sheet (latest date December 31. 19Ud)
IncQBB and expense (latest date December 31. 191*8).
52
US
53
U9
52
53
Capital tpovements between the United States and
forelsrn
Ign countries:
Historical suaaiery of capital SKTvementa since 1935.
S\xraaT7 by countries and months
Details for latest months by countries
Outstanding contracte for forward purchases and salea
of foreign exchange
l.7-'>9
l>8-50
51.-56
52-5".
1.8-50
50-53
5k-56
51-5^
55-57
57-60
61-63
55-58
59-61
51-51.
57
58
61.
62
U8-50
l.S-50
51.-56
52-51.
US- 50
51-51.
51-51.
51-51.
55-63
55-60
57-60
61-66
55-58
55-57
50-52
53-56
57-59
59-61.
55-60
58
60
6U
61
67
65
61
Corporations and certain other business-type
activities (latest date December 3I, igtg);
Loans outstanding.
Balance sheets
Income and exper.ae...
Source and application of funda.
62
63-66
61
62-65
58-60
61-61.
65-67
6S-71
BUY
AND
HOLD
UNITED
S
TAT E S
SAVINGS
BONDS
@FedFRASER