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LIBRARY

^

LIBRARY
POOIVl

JUN

?.

5030
3 1972

TREASURY DEPARTMENT

4^

MRV-ia53

UNITED STRTES TRERSURV DEPRRTMENT
DFFIGE DF

THE SECRETflRV

Table of Contents
Page

Treasury financing operations

A-1

Summary of Federal fiscal operations

1

Budget receipts and expenditures

2

Trust account and other transactions

g

Treasury cash Income and outgo

12

G-eneral Fund, of the Treasury

I5

Debt outstanding

I6

Statutory debt limitation

21

Debt operat Ions

22

United States savings bonds

,

27

Treasury savings notes

35

Ownership of Federal securities

36

Treasury survey of ovmershlp of Federal securities..

38

Market quotations

4-2

Yields of Treasury and corporate bonds

^6

Internal revenue collections

kS

Monetary statistics

52

Exchange Stabilization Fund

56

Capital movements

5g

Corporations and certain other business-type
activities
income and expense, and source and
application of funds

7I

Cumulative table of contents

J&

—

Note:

In those tables in which figures have been rounded
to a specified unit, all calculations (including
percentages )" have been made from unrounded figures.
Consequently the details may not check to the
totals shown.

J

May

!

A-l

195

Treasury Financing Operations

Long-Term Bond Offering
On April

8,

1953,

the Secretary of the Treasury

Cash subscriptions to the 3-lA percent Treasury
bonds of 1978-83 amounted to $5-1/4 billion, and

announced that on April I3 the Treasury would offer

total allotments were tl,18S million.

for cash subscription approximately $1 billion of

in amounts up to and including $5,000 were allotted

3-1/4 percent fully marketable long-term Treasury

In full.

bonds, dated May 1, 1953, maturing June 15, I9S3,

percent,

callable on or after June I5, 1978.

and

Subscriptions

All other subscriptions were allotted 20
subject to adjustment to the next higher

The announcement

S5CO, but not less than ^5. '^'^ o" any °ne subscription.

stated that this offering, together with Increases In

The allotTsnt total Included $117.8 million to
Sovernment Investment accounts.

weekly offerings of Treasury bills, was planned to
meet the cash needs of about $2 billion for the
balance of the fiscal year ending June 30.

Allotments by Investor classes were as follows

Investor class
It was stated further that the bond was designed

to attract people's savings as they accumulate,

especially In such Institutions as life Insurance
savings banks, pension funds, etc. To
facilitate subscriptions by these institutions and
companies,

by Individuals, payments for the bonds may be made
over a period of three months from the date of Issue.

Subscriptions from commercial banks were limited to
a percentage of their time deposits.

The bill increases are expected to be absorbed In substantial
part by corporations and other nonbank Investors.

The bond offering was made available also,

during the period prior to May 1, for exchange of
Series F and d savings bonds maturing from May 1
through December 1953. Holders of these bonds were
given the privilege of exchanging them for the new
marketable bond at par, with Interest adjustments as
of May 1.

Treasury Bulletin

A-2

The first Increase In weekly bill
I7.0 billion.
offerings pursuant to the Secretary's announcement
of April S was made In the Issue of April 21, whloh
amounted to $1.5 billion compared with the maturing
Issue of $l.k billion. This was the first Increase
In weekly offerings since the Issue of June

5,

1952.

The four remaining Issues were refunded In the

Dote;

Cetalle of Treasui? market financing operations are
shovm elsewhere In this leeue of the "Treasury
In the tahles on "OfferlagB" and. "DisBulletin",

equivalent
April

2,

weekly

amounts of ^1.2 billion on

t\.^ billion each on April 9 and April 16,

Average rates of
and ?1.5 billion on April JO.
discount on the five new offerings were 2.029 per2, 2.073 percent for April 9, 2.219
percent for April I6, 2.320 percent for April 23,

cent for April

and 2.2U3 percent for April 30.

of bands,
position", respectively, of marketatile issues
and in the table
notes, and certificates of indebtedness,
"Offerings of Treasury Bills".

Aiav

mj
SUMMARY OF FEDERAL FISCAL OPERATIONS

Treasury Bulletin
.BUDGET EECEIR'S AND EXPENDITURES.

Table 1.- Receipts by Principal Sourcee

May

195)
-BUDGET RECEIPTS AND EXPENDITURES.

Table 3.- Expenditures for National Defense and Related Activities
(In milliona of dollars)

Treasury Bulletin

.BUKET RECEIPTS AMD EXPENDITURES.
Table 5.- "Other" Expend! turee
(In mlllloDE of dollare)

Fiscal year
or month

.

-BUDGET RECEIPTS AHD EXPENDITTJEES

Table 6.- Summary of Budget Results by Months and Years
(In mllliana of dollarB)

Feb.

Apr,

May

July

Aue,

Sept,

Calendar
year

Fiscal
year 1/

Net budget receipts 2/
82

112

uo

270

205
197
225

203

1*17

208
216

595
750

236
290
267
309

225

96I*

301*

331*

1*11

910
682
791
1,557

571

751

3,538

363
1*39

783

91*9

2,71*0

2,1(91*

3,1*59

3,770
3,725

3,6.13
3,581.

5,202
6,532
6,661
5,501

1*,196

5,31*2

l*,196

1*,158

3,579
3,366
i*,UU8

3,381
2,972
U,257

5,871*
5,1*35

i*,953

5,553

5,061

5,1*79

820
8,112
It,

9,886
10,502

108
203

121*

282
386

318

233

2llt

96
182
282

21*3

109
179
221

21*1

1*58

271*

291*

1*17

252
251
229

228

251*

527

289

339

1*95

268

313
257
208
296
383

285
369

822

36I*

U08

71*2

730
552
599
1,270

267
260
325

liWt

672

365

671
703

288
295
272
327

1*07

390

1,128

1*37

686
1,508

556

2,1*69
l*,567

739
2,001

581

2,511

599

59I*

2,021*

2,078

2,711*
2,1*32

5,1*1*1

6,182
5,702
3,963

5,803

1,900

2,1*35

2,656

l*,875

2,1*53

2,182

2,21*6.

11,386

2,1*1*0

2,093
2,105
2,322
2,288

11,929
11,859
l*.767

2,281
2,096

2,1*38

U,6l2

2,321*
1,91*5

2,505

l',5l*3

1,91*6

2,'«79

l*,832

2,320

l*,l*0li

2,860

11,605

2,626

3,11*6

7,089

1,881
2,571

3,591*

6,209

2,339
2,101
1,881
2,056
2,635

i*,323

3,809

9,796

3,316

1*,050

6,585

3,099

i*,151

3,01*7

2,786
2,159
1,962
2,239
1,31*0
1,1*88

11*9

31*0

393
386
1,1*72

2,895
2,900
2,21*3

2,297

159

l*llO

1(J*3

336
328
377

2,1*71*

230
230

1*27

3,792

3,730

511*

l*,333

l*,069

283

818
668

5,71*7

I*

51J

l*,851

731*

5,712

21*1

31*5

357
356
558

1,921*

3,1*31

5,550

2,021
3,o6lt

,979
5,762
5,103
5,265
7,227

1,205

8,1*67

2,695
5,730

16,290

5,321*
11,067
11,050

1*3,531
1*3,928

1*3,892

38,810

110,027

2,692

li,197

1*1,010

i*o,oii3

2,51*0

ll,01ll

1*1,1*50

1*2,211

2,31*1*

1*,191
1*,211

38,122

38,2U6
37,01*5

5,279

37,831*
53,1*88

6,003

65,523

62,129

2,851
3,521

3l*,U83

12,696
22,202
Ml, 762

Ii8,iii3

.

Treasury Bulletin
.BUDGET EECEIPTS AND EXPEMDITUKES

Table 7.- Social Security Act - Budget Receipts and Expenditures
(In jnlllionB of dollara)

2

.,.

.

my

May

BUDGET RECEIPTS AND EXPENDITURES

Table 8.- Railroad Retirement Act

-

.

Budget Receipts and Expenditures

(In sLlllionB of dollars)

Receipts
Excess of net
receipts, or
expenditures [-)

Fiscal year
or month

Taxes on
oarrlero
and their
employees

Expendltiirea

Deduction:
Be funds of taxes
on carriers and
their eaployeea
2/

AdJilnlB-

.2

28I1.8

311.1

2.3

.9

281.7
380.0
557.0

29lt.5

2.6

302.8
763.5
578.9
583.7
608.0
770.7

lt.3

19lt5

-26.3

19'*(>

-12.8
77.3
-206.5
-15.5
-3h.l
-30.5
-35-9

285.0
282.6
380.1
557.1
563.8
550.2
577.5
735.0

-32.9
3.1

16.5
89.2

16.5
89.2

.5

5lt.3

5lt.3

19't7
19lt8

19't9

1950
1951
1952
1952 -July
August.
Septeaber.
.

.

October. .
November
Deoefflber

1.5

.

lt.lt

.

-6.1

1953 -January
February.,
.

.

March

Source:

1/
2/

^

.5

563.lt

.5

5119.6

577.5
73lt.8

Trans fors to
RalLroad Betlrement Account
(trust account)

5.0

308.8
291.9
298.5
758.5

lt.lt

571*. 5

.9

582.8
608.0
770.7

lt9.3

lt9.3

86.1
53.9

86.1
53.9

13.9
88.5
52.9

13.9
88.5
52.2

12. It

111.

lit

i3.lt

13.^

90.6
52.2

90.6
51.9

-1.2

89.1*

.2
89.ll

-.It

51.8

51.8

.7

tratlve
expenses
i/

Net
receipts

Daily Treasury Statement.

Ejccese of eipendituree la covered by appropriations by Congress
Interest on refunds 13 Included under "Administrative eipenaea".

12.lt

8it.0

8it.0

58.3

58.2

for administrative expenses relating to the Ballroad Retirement Act
through 1951, and interest on refunds of taxes (see footnote 2).
Lees then $50,000.

Consists of expenditures from appropriations made specifically

Table 9.- Railroad Unemployment Insurance Act

^-

(In millions of dollars)

Budget Receipts and Expenditures

.
.

.

)

.

,

'

Treasury Bulletin
.TEUST ACCOUNT AND OTHKF TRANSACTIONS.

Table 1.- Summary of Trust Account and Other Transactions
(In nllllonB of dollars)

Fiscal jear
or iBonth

Not of
trust account
and othor
transactions l/

Trust accounts, etc.
Nat receipts, or
expenditures (-)

l?!*?
19'l6

791

7,5^

-52lt

ISliT

-1,103

191(8
19l'9

-2911

3,23s
2,619
2,658
1,890

1950
1951
1952

99
679

1953 (Estimated)
(Bstlmated)

107
27

3,5^3
3,259

9,084
9,5^7

-17

266

-1*95

mk

1952 -JuljAugust
Septemher.

Ootoher.
NoTamher.
December.

. .
.

3,821*

6,669
7,796
8,807

6,950

g/

1*6

28

-1*02

-37I*

-66
-28
-123

952

3,557
3,636

8
-10
-16

5,51*1

3,«

-22

13

25

-137

11

-37
-66

3,91*5
I*,

6,287

308

11*

38

738
959
t27

1*73

-252

-1B6

1(01

201

608
131
-10

975

itSl

-5
-6

7'»7

587
367
617

31*9

-3

286
920
6U9

296
316
758

130
170
100

6

-35

-2
-1

131*

-111
272
-197

57"*

-109

Actual figures from Dolljr Treasurj Btateoantj eBtlaatss based on
1951* Budget dooumsnt, released January 9, 1953.
Ezoesa of reoelpta, or expenditirei (-).
Conalats of transactions vhloh clear through •ooounts of the Trtuursr
of the Uhlted States, except as noted In footnote I*.

-5
-1

556
-73

Source:

^

y

277

500

-265

1953-January
Pebruary,..,
March

5,71'*

1,276
160
387
16

I1O3

<

.

3,625
3,857

5,200
3,668
3,362
3,060
2,311

77

<

...

-1*58
li,U7lt

l»22

,

.

7,086
7,712
6,2W»
6,515 i/

-281
3,852
3,855

llt7

Ixpsndltures
(other than net
InTestments

Receipts

Net redenptlone , or sales (-),
Net InTestments of
of securities of Govemjoent
Govenunent egenoles In
sgenoles In the market 2/
public debt securities 2/
Guaranteed
Not guaranteed

^J

21

y

31*

50
-68
50

-11

Excludes 7or«l^ Eoonomlo Cooperation Truat rund (see page 1).
Beginning 1992, net transaotloos In Federal Intaxvedlate Credit Bank
Issues are Included even though certain of these tranaaotlons do not
clear through the aooounts of the Tresjurer of the Ublt«d States.

Table 2«- Trust Account Receipts
(in mllllonfl of dollars)

Federal Old -Age
and SurvlTora
Inauranoe Trust
Fund

FlBoal year
or nonth

191*5
191*6

7,036
7,712

191*7

6,21*4

191*8

6,515 1/
5,714

191*9

Railroad
Betlrement

Moount

2/
1,038
1,666
792
1,174 i/
529

1,921*

740
690

90
92

645
678
850

1,881
1,542
1,643

1,076
684
786

87
86
87

809
850
912

403
545

773

794

1,553
1,596

631
582

86
84

970
1,080

634
631

9,084
9,547

4,435
4,780

738
959
427

184
439
249

49
86

October....
November.
December..

401
975
747

222
538
469

13

1953 -January.. ..
February...

286
920
649

118
492
440

14
91
53

March

^

Other trust
funds and
aooounts

557
614
578
594
680

8;807

.

eoplo/ees
retlrensnt
funds

Insuraaae
Fund

103
134

1952

1952 -July
August
September.

OoTvmaeat

Ufe

2,127
2,351
1,504

2,367
3,411
3,932

(latluted)

QoTsmmant

1,508
1,280
1,289
1,313
1,173

6,669

1951*

national Serrioe
Life Insurance
Fund

324
312
323
797
625

1,434
1,386
1,623
1,807

1950
1951

1953 (Xatlmated)

IftiemploTsent

Trust Fund

51*

85
59

Source I See Table 1.
1/ Coaalets of Civil Service and Foreign Service Betirenont funds.
2/ Includes Adjusted Service Certificate Fund, Diatrlct of Columbia,
Indian tribal funda, island poaseesions, increment reBultlne from
reduction in the veight of the gold dollar, and through June 19^

597

55

53

3

328
19

41
40

3

363
34

31
28

1

36

29

48
263

40
36

4

34
34

112

37
41
44.
42

41
17
29

28
213
22

1/

97

2
2

39

4

44

3

26
36

3

37
51
5*

aelgnlorage on silver under the Silver Purchaee Act of 193*^. Thereafter
such seigniorage is included vith other seigniorage under budget
receipts
Excludes Foreign Economic Cooperation Trust Fund (see page 1).

J

May

195
-TRUST ACCOUNT AND OTHEP TRANSACTIONS.

Table 3.- TruBt Account Expenditures Other Than N«t Investments
(In milllorifl of dollars; negative figures are excess of Qcaijrta)

riecal year
or month

Treasury Bulletin

10
-TEUST ACCOUNT AND OTHER TRAHSACTIONS-

Table 5.- Federal Old-Age and Survivors Insurance Trust Fund
(In ml 11 lone of dollars)

^

May

mj

11

.TBUST ACCOUNT AND OTHER TRAKSACTIONS-

Table 7.- Unemployment Trust Fund
(In millions oi dollare)

•,..

)

.

Treasury Bulletin

12

.TEEASUKY CASH INCOME AND OUTGO-

Table !•« Sunmary of Cash Transactions
(in millions of dollars

Cash operations other than borrovlng
Cash operating outgo

Cash operatlag income

Fiscal year
or month

Cash trust
account
expendi- expend 1 tures
turea

Cash
budget

Cash trust
acco\mt
biiidget
receipta receipts
Cash

191*5
191*6

Exchange
Stabilization
Fund 1/

95,181*

-1*1,,

91*5

1*9,1*71*

l*,529

38,902

'*,937

1*3,839
1*3,591

57,1*22

1*,316

61,738
36,931

-17,899
6,659
8,903
1,051

7,1*39

-10,1*60

-19,389
-7,280
-2,513

-10,930

3,707
3,595

33,190

3,270

1(1,801*

1*5,1*00

32,1*82

2,91*1*

563

38,11*5

3,1*83

1*1,628

37,517

3,328

98

1950
1951
1952

36,925

It,

01*6

36,977

61,991

5,552
6,102

6,868
3,807

-207

1*7,887

1*0,970
53,1*39

68,512

.

1953 -January

.

Tehruary.
Maxch . . .

1953 to date.

(-)

-768

39,881*

October
November
December.

borrowing

Increase,
or
decreoBe (-),
In General
Fund
balance

95,952

191*9

September

repa^Tnent
of

J

50,21*0

191*8

.

inccaae,

or
outgo (-)

or

1*,7S1

19117

1952 -July
AU^UBt,

Clearing
account for
outstanding
checks, etc.

Net cash
borrowing

1*5,519

1,026

1953 (Est.)...
I95I* (Est.)...

Net cash
operating

1*1,795

-555
507
-366

36,1*96
1*0,576

MemorandunLt

Net receiptB
from
exercise of
monetary
authority 2/
78

;

1,621*
-1,1*62

302
60
37
1*6

1*,231

2,01*7

25

-5,795
-525

1,839
-388

1*3

67,956

-2,185
7,635
137

-969

1*3,155

-13

-1*83
21I*

1*5,801*

68

68,093

62,599

4,91*7

9

1*01

6,1*1*1

71*, 953

5,51*5

11

-25

76,81*3

-1,891

921

68,1*60

6,769

75,228

71,313
75,505

5

81,801

-6,571*

6,571.

3,292

300
831
316

3,593

6,211

1*68

-ll*

-1*32

-2,61*0

3,597

957

5

11,878

U,81*8

551*

25

-229
-628

-973

5,911

195
229

-71*1*

-71.

6,233
5,622
6,066

5
5

-981

5
3
5

I»,01t7

6,583

6,898

6,292

832

73

201*

3,096

322

6,21*2
l*,950

-316

6,511*

81*8

3,1*18
1*,997

589

l*,ll*9

36I*

21*3

5,558

-3,097
-561

2,116
2,022

1,1*61

5,932

388

6,320

6,620

59I.

11*5

7,361*

-1,01*1*

-527

-1,572

5,018

221

5,239
6,267

5,555

287

-1*01

5,1*1*2

5,1*27

31*1*

2

5,751*

-203
513

5,1*75
10,1*99

1*8,091

l*,56l

-19

11,01*2

6,059

757

19

52,651

51,821*

3,881.

16

Source: Actual figures baaed on Dally Treauaury Statement; estimates based
on 195^ Budget doc\mient, released January 9, 19531/ The U. S. subBcrlption to tl:e capital of the International Monetary Fund
was paid in part from the Exchange Stabilization Fund (see "Treasury
BxiHetin" for September 19^7, page 17).
2/ Conelets of seigniorage on silver and Increment resulting from reduction

135

6,970

1*,072

-178
-3.188

55, 52"*

-2,873

2,812

55

-376.

1*

335

2

881.

3

-61

38

in weight of the gold dollar. This Item Is part of the cash budget
receipts shown in these tables, but la excluded from the Budget

^

figures for "Receipts from the public"
In addition to this decrease In the General Fund balance, the
Exchange Stabilization Fund was drawn down by $1,800 million for
subscription to the capital of the International Monetary Fund.

Table 2«- Derivation of Cash Budget Receipts
(In millions of dollare)

May

13

195)
.TREASUEY CASH DJCOME AMD OUTGO.

Table 3.- Derivation of Cash Budget Expenditures

Ik-

Treasury Bulletin
.TREASURY CASH INCOME AND OOTOO.

Table 5.- Derivation of Cash Borrowing; or Repayment of Borrowing
(In mllHons of dollare)

)

..

May

mj

15
.GENERAL FUND OF THE TREASURY-

Table 1.- Status of the General Fund
(In Billlloiu of dollars)

Aaaata

Deposits In Federal
Beeerre Banks

Bullion, coin, and
cxoToncy

End of fiscal
7»ar or oonth

ATallablo
funds
25, U9
Ik, 708

19^'i

v^e
V)kl

3,730
5,370
3,862

I9I18
19l»9

150
160
1,023
1,073
1,022

1950
1951
1952

5,927
7,871

1,052

7,lt8l

19;i-C«<iab*r.
1952 -July

Auguet.
SeptoBher
.

October..
Horember
Deoemher.
1953 -January
February.,
,

March

558

In process
of collection

1,500
1,006
1,202
1,928

21t3

232
191
219

Deposits in
spec led
depositaries
1/

123
103

1138

other
deposits

Uabllltlea

Balanoe In
the General
Fund

oollectlons

211,698
ll.,238

22,622
12,993
962
1,773
1,771

289
305
310

1.21

283
309

1.38

l',932

392

3,1.70

323

1.10

380

511.

1*81.

512

5,517
7,357
6,969

1.70
l>22

3,308

1,009

191
176
\9h

950
338
333

250
355

3,268
5,680
5,106

li,Sl6

1,033

173

321

II16

2,693

M.9

521

l>,295

8,520

1,010

638

181.

591.

l.OOlt

1*96

1.87

1,001

508

106
161

1.68

7,557
6,7i3
8,155
6,58a

6,027
5,190
5,217

1.79

7,1*39

181
175
179

U91

tol

7,925
6,952
7,156

1,006
999
1,007

163
162
160

770
396
389

17I1

l>,lli5

l»85

103
176

5,981.

511
1.83

568
519
518

6,175
7,636

U,368

6,278
6,564
7,351

1,002
989
1,002

19I1

811
351
222

350

3,318
1,376

603

l.,983

516

589
5U0
Wt3

5,689
6,02U
6,908

1,01»6

186
179

l't3

171*

W8

1.88

6,061.

Source] Daily Treasury Stateaent.
1/ On account of vlthheld taxes and sales of QoTenuoent securities.

Table 2.- General Fund Balance by Months
(End of month. In millions of dollars

Jan.
3I.O

1932
1933
1931.

1935
1936

327
1,537
2,319
2,001.

1,726
2,950
2,933
2,202
2,025

1937
1938
1939
191.0
191.1
191.2
191.3

2,950

191.1.

19I.5

12,239
19,606

I9I.6

25,1*27

19I.7

l.,7U

19I.8

l.,61i8

191.9

l.,659

1950
1951

5,01.9

1952
1953

3,879
5,689

Source:

7,72l»

l*,l*5l.

Daily Treasury Statement.

Feb.

Mar.

Apr.

May
38I*

June

July

Aug.

376
221

61*7

292

1.93

21.1

36I*

862

831*

l.,902

l.,8l8

2,291.

2,582

2,1*72

339
1,200
2,137

2, 081

2,10.6

1,935

1,81.1

1,767

2,866

2,10.2

2,022
1,957
2,358

1,789
2,230

1,1*75
1,901*

3,151*
61361*

1*,312

l.,o66

602
3,995
It, 702
6,955

l.,9lt6

3,308
U,932

5,393

1,901*

2,851
12,617
12,279
11,366
20,935

5,291
5,186
5,382

6,909
5,353
5,767
6,121
8,569

5,075

6,81*0

6,021.

6,908

7,131*
lt,3l8

3,1*93

2,266

17,672
18,631

2,1*25

It, 179
16,606
15,277
21*, 367

2,1*15

2,873

3,288
8,595

2,715

It,

2,921.

2,030

ll.,238

2,1*1*7

2,258
2,599

22,082
12,029

18,158
15,117
16,131.

11,01.0

10,171

5,071*

3,1*00
l*,832

3,069

1,1.31*

2,6o3

2,1*51*

21,921.

2,511*

1,751*

2,567

3,163

3,1*70

3,337

4,1*18

l.,1.6l*

5,517
7,357

l*,500

5,782

5,680

5,185
5,095

3,952
5,583
5,699
5,505
6,916

5,1*21

6,969

7,925

6,952

7,156

590
1,107
1,597

1,1*73
1,761*

2,676
2,569
1,913
1,920

2,991
9,507
20,169
21., 698

2,350
1,701

1,702
2,689
3,oW*
2,210

755
909
1,812

2,860
2,976
2,178

2,812
12,687
8,522
9,625
18,536

3,389

862
1,11*6

2,193
1,799
2,188

Deo.

2,902
2, 260
2,231

2,639
2,116

1,826

3,31.3

3,562
5,392
19,155
17,313
25,961

2,68a

11.5

2,553
2,216
2,838
1,891
2,633

1,539
2,975

3,11*0

1.17

Sept.

1,1*06

2,10.7

555
1,026
2,561*

2,209
1,906
2,973
3,083
2,1*76

2,61*1

2,165
1,817
2,319

1*,896

3,082

19,297
9,990
12,813
8,070

l'.,958

10,51.3
12, 291*

1*,107
i*,8oa

3,935

9,803
ll.,lO*5

6,665

1,928
3,560

22,236
26,003
3,502

1*,737

1*,1.22

l*,ll*5

l*,139

11,871.

l*,62l*

3,097
4,208
4,679
4,232
4,295

6,175

7,636

6,064

1*,385

.

.

,.
.
:
,

Ireasury nuUetin

16

.DEBT

OUrSTMDHG.

Table I.- Summary of Federal Securities
(In mlllloaa of dollare)

Total outstanding
of
fiscal
year or

Puillc

aon^

detit

Hatorod de'bt and debt bearing no interest

laterest-liearlJie dett

T^ai

GuaraB"
toed
seonri-

Pal>lio
dellt

ties

1/
l?"*?

259,U5

258,682

433

IJW

269,1*22

1*76

258,286
252,292
252,770

90

19*9

269,89s
258,376
252,366
252,798

1950
1951
1952

257,377
255,251
259,151

257,357
255,222
259,105

20
29

1953 (let.)...
195^ (1st.)...

263,968

263,900
273,800

68

19'H

im

273,81t3

Guaran-

Public debt

teed
securities
1/

International
Bank 2/

256,766
268,578
255,197
250,132
250,785

256,357

1*09

268,1U
255,U3

1*67

255,226
252,879
256,907

255,209
252,852
256,863

43

n.a.
n.a.

n.a.
n.a.

73

27

1*6

250,063
250,762

83

2,350
1,321
3,179

269
376
231
280

2,326

1,3U
3,173
2,229
2,009

Monetary
7und 2/

1*16

1,721*

2,057
935
802

66

1,161
1,063

722
660

1,270
1,283

613
575
550

69

2,231*

21*

2,012

17
27

2,150
2,372

2,11*8

2,370

265
512

1*1*

2,2U

2,21*2

1*19

1,271*

n.a.
n.a.

n.a.
n.a.

n.a.
n.a.

2l*5

Other
1/

1*1

Guaranteed
securities 1/
(matured)
21*

10
6
5
3

2
2

1
n.a.
n.a.

Debt peak I
Tell. 19lt6

279,7611

279,211*

551

278,1*51

277,912

539

1,313

1,301

238

1,063

12

1951 -Deo amlwr.,

259,1*61

259,1*19

1*2

257,111

257,070

1*0

2,350

2,31*8

1*92

1,296

560

2

1952 -July
August. ..,
Septeaber,

263,107
263 ,225
262,722

263,073
263,186
262,682

31*

260,91*0

33

261,098
260,615

38
39

2,166
2,127
2,106

2,165
2,125
2,105

331
319
300

1,288
1,263
1,263

51*6

39

260,908
261,060
260,577

51*2

2
2
1

.

261i,961t

l»3

267,'t83

261i,919
267,1*32

262,820

.

265,31*5

267,391

265,293

53

2,100
2,089
2,100

2,099
2,087
2,098

297
286

267,l'l>5

51
5*

1*9

1,263
1,263
1,258

539
539
536

1
1
1

1953 -January
February.,

267,1150
267,631*

50
51

2,080
2,096
2,106

281*

261*, 536

267,1*02
267,581*
264,1*85

2,091*

March

2,105

316

1,258
1,277
1,258

535
533
531

1

October.
Boreaber
Deoenber.
. .

Source I
1951*

1*0

262,861*
265,391*
265,31*6

1*5

1*8

265,370
265,538

265,323

265,W9

1*9

262,1*30

262,380

50

1*7

Actual figures ffoB Daily Traaaury Stateaant) sstiaatei baaad on
Budget docunsnt, released January 9, 1953.

301*

286

2,07?

5W.

1
1

Footnotes at end of Table 2.

Table 2.- Net Change In Federal Securities
(Increase, or daoreaae (-), in millions of dollars)

Total outstanding

risoal year
or aonth

Total

Pabllo
debt

GuaranPublic
debt

aeotffl-

ties

56,1.89

191*6

,

191*7
191*8

10,783
-11,523
-6,010

Ued
Total

Matured

tles

57,679
10,7^0

-1,190
1*3

U,8l2

-5,991*

-387
-16

56,813
U,751t
-12,997
-5,050
698

-1,107
58

-U,136

55,707

20

-1*1

-2,135
3,883

10
16

-2,31*7
1*,028

-2,358
lt,011

17

-128

1953 (Kst.)...
1951* (Eat.)...

1*,817

lt,795

9,875

9,900

22
-25

n.a.
n.a.

n.a.
n.a.

n.a.
n.a.

n.a.
n.a.

1952 -July
August.
September

3,956

-77
-39
-21

-78
-39
-20

-6
-12

-6
-12
11

2,21*3

2,519

2,238
2,513

-38

-1*1

1953 -January..,
February.,
March

5

n
182
-3,099

2
1

2/

181*

-3,098

-2
-2

-35

-2,126
3,900

.

-1*

-220

138
222

139
222
-128

October..,
HoTember
December.

11*

-25

-221

-7
10

l*,0li5

-12

157

152

-1*83

-l*8li

5
1

5
6

2,21*9

2,530

2,2W*
2,525

6

3

-1*9

-52

3

-6

21*

30

168
-3,108

166
-3,110

-6
2

031*

n.a.
n.a.

-563

-1*5

-350
-25

U, 1*1*8

I*,

n.a.
n.a.

1*9

l*,ltlil

5
1

-1
-1

-91*1*

-8

-11

-38
-26

-91*6

-1,6

113

13
-9

-11*

1*78

-501*

-1*7

1,721*

1*,587

3,968

-98

207

1*16

1*32

Exclulee guaranteed securities held by the Treasury. The Interest -bearing
debt shown here consists of F. H. A. debentures f<r^i^ C. C. C. demand
obligations; details by Issues appeared in the "Treasury Bulletin" for
August 19^1 and in previous Issues; cinrrently the amounts outstanding are
shown each month in the "Treasury Survey of Ownership", Tables 3 and k.
Special notes of the United States issued to the International Bank and the
International Mcmetary Fund in payment of part of the United States subscriptions to these institutions, pursuant to proTisions of the Bretton Woods

5

U
-19

16
11

1

^

-19
16
11

21*7

-93

n.a.
n.a.

-12
-19

securities i/
(matured)
-83

-11*5

366

Other
2/

798
-1,122
-133
-80
-62

66
108

1,862

lt,579

U8

Fund 2/

-1,011*

191*9

-503

Monetan

782
-1,029
1,858

1950
1951
1952

.

International
Bank 2/

-383

-13,381
-5,065
653

,

Guoran-

Public debt

teed
seourl-

1/

1/
19l>5

Matured debt and debt bearing no interest

Intsrsst-bearlsg debt

Guaranteed

-11*

-3
-2

-1

n.a.
n.a.

-2
-1
-2

-1*

-11

18

-2

-18
-2

19

-1

32

-19

-3

Agreeooents Act. The notes bear no interest, are nonnegotlable, and
are payable on demand
Includes savings stamps, excess profits tai refund bonds, and currency items. For current-month details, see "Statutoiy Debt
Limitation", Table 2.

Less than $500,000.
n.a. Vot available.

J

May

17

195

JEHT OOTOTANDUG,
Table 3.- Interest-Bearing Public Debt
(In Billions of dollars)

Treasury Bulletin

IS

.DEBT OOTSTANDHG.

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

May

mj

19

.HEHT OUrSTANDHG.

Table 7.- Treasury Holdings of Securities Issued by Governirent
Corporations and Other Agencies 1''
(In alUlonB of dollera]

Treasury Bulletin

20
J)EHr OUrSTAKDHG.

Table 8.- I»ublic Debt and Guaranteed Securities Outstanding by Months
(End of month, In millions of dollare)

Apr,

July

May
Public deSt

1932

Aug.

Sept.

Mail

21

1%)
STATUTORY DEBT LIMITATION

and the face amount of
under authority of that act,
obligations guaranteed as to principal and Interest by

aggregate 5275 billion outstanding at any
Obligations Issued on a discount basis, and
redemption prior to maturity at the option of
are Included In the statutory debt limitation

the United States (except guaranteed obligations held by

redemption values.

The Second Liberty Bond Act, as amended,

(

3I U.3.C.

757 b), provldee that the face amount of obligations Isaued

the Secretary of the Treasury),

one

time.

subject to
the owner,
at current

shall not exceed In the

Table 1.- Statue under Limitation, March 31, 1053
(

In mlllians of doUare

]

Maximum ajnouat of securities which may he outstendlng at any one time, under llmitatlan Imposed
of Juno 26, 191*6 (31 U.S.C. 757 h)

^

the eot

275,000

Amount of securities outstanding subject to such statutory debt limitation:
U. S.

Govemaont securities issued under the Second Liberty Bond Act,

Guaranteed eocurltles

(

as amended

263,877

excluding those held by the Troaaury )

51

Total amount of securities outstanding subject to statutory debt limitation

•

n,07i

Balance issuable under limitation

Source:

863,929

Bureau of the Public Debt.

Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding March 31, 1053
(In

ClaflB of sociiTlty

mlUions of dollare)

22

Treasury Bulletin
.OEBT OFERATIOHS.

Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Goyemment
and Outstanding March 31, igS3

^

(In alUlODs of dollars)
Anoiint of matiirltleG

Pljced

Doecrlptlon of security 2/

Callable Issuee
classified by
year of:

maturity
ieouea

Plret

caU

Final
maturity

Date
bank restricted
issues

Anount of maturltlee

Tear

Daecrlptlon of eeciirlty 2/

beccme
bank
eligible

Bills.

6,901

1956
Mar..

-

3/15/56-58

Bills.

5,lt03

Apr,,

1-1/2* Note -

lt/l/56-j;A

Bills
Bills (Tal Anticipation Serrlos)..
1-7/8* Oertlfloate 6/1/53-B
Bond
2*
6/15/53-55

U,90lt

Juno,

2-lA*

Bond

-

6/15/5U-56

Sapt,

2-3A* Bond
2-lA* Bond

-

9/15/56-59
9/15/56-59

Si

Cartlfloate

2>

Bond

y

2-l/8jl Note

2*
2*
2-1 A*
2*

Bond 5/
Bond
Bond 5/
Bond 2/

^

8/15/53-C

2-1/2* Bcai

2,003
1»,963

725

Oct..

2,882

9/15/51-53

7,986

12/1/53-A
1^/15/51-55
6/15/52-5^
6/15/52-55

10,51*2

12/15/52-511
"16,308

1-1/2* Note

510
5,885
1,501
8,662

1957
Mar.

2-3/8* Bond

-

3/15/57-59

16,1*99

Apr.

1-1/2* Note

-

U/1/57-EA

1-1/2* Note

-

10/1/57-EO

Total

1958
Mar,,

Certificate

2/l5/5i»-A

8,111.

1-3/856 Note

3/l5/5l*-A

l',675

Bond
S-lASt Bond

6/l5/52-5lt

Bond

12/l5/52-5lt

256

25t

5,325

681

6/15M-56

Total

8,662

12,789

681

1959
Mar..

lit, 1*87

June.

Sept

Deo.

1-1/256 Note
2-7/856 Bond

3/15/;'55-A
55-60
3/15/5:

2-1 A* Bond

6/15/52-55

1,501

Bond
l-3Ai' Note

12/15/51-55
12/15/55-B

510

5,365

2,6U
i960
Mar.

256

6,&5>^

12,219

IO/1/56-B3

Total

Oct.

2-1/1*56

-

2,611

2,011

J

Fliod
maturity
leeuae

Callable Isoues
classified by
year of:

First
call

Final
maturity

.

.

May

i

mj

23
.DEBT OPKBATIONS.

Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Qovernment
and Outstanding March 31, 1953 1/ (Continued!
(In mllllons of dollars)
Anottnt of maturities

D©eorlptlon of security' 2/

Fixed
naturlty
iBBoea

Callable Issues
claaelfled by
year of

Firat
oall

Final
naturlty

Date
bank rostrlctad
Issues
bee CBS
bank
eligible

ABonnt of aaturitles

Year
and

Description of security 2/

otonth

Fixed
BU.tU-

rlty
iBsuee

3/

Callable Issues
claaelfled by
year of:

First
call

Final
maturity

Date
bank restricted
Issues
beoone
bank
ell8ll>la

1967

3*

Panama Canal bend

Bond

-

2-1/2)1 Bond

-

6/l5/59-6e
6/15/62-6?

2-1 A* Bond

-

12/15/59-62

2-lA*

-

6/1/61

-

6/15/62-67.
6/15/67-72.

1,895

Sapt.

2-1/2* Bond

-

9/15/67-72.

2,716

Dm..

2-1/2* Bond

-

12/15/67-72.

Total

-

2-1/2)1 Bond

-

2,117

8,7V7

1968
12/15/63 -68,

2,828

-

6/15/61V-69,

3,757

'•/15/53

-

12/15/611-69,

3,833

9/1.5/53

2-1/2* Bond

-

Juna.

2-1/2* Bond

Dec.

2-1/2* Bond

1969

919

2,828
3,838

Total

12/15/62

3,831*

8,W;6

3,l»7

6/15/58-63

12/15/63-68

6/15/te

5,280

Dm..

2-3A* Bond

,

2,117

2,11?

a.UT

Total

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

June.

50

919

Total

,

7,590

1970

2-1/2* Bond

-

6/l5/61t-69

3,757

"1/15/53

2-1/2* Bond

- 12/15/611-69

3,833

9/15/53

Total

2-1/2* Bond

-

3/15/65-70

2-1/2* Bond

-

3/15/66-71

Jtma.

2-1/2* Bond

-

6/15/67-72

1,895

Sept.

2-1/2* Bond

-

9/15/67-72

2,716

Deo..

2-1/2* Bond

-

12/15/67-72'

3,83".

Mar..

lv,72'i

2/1/51*

7,590
1971
Mar.

2-1/2* Bond

-

3/15/65-70

2-3A* Bond

-

12/15/60-65

a-i/2* BoBd -

3/15/66-71

l,'t85

2.966

1972

1,'>85

12/l/5l>

Source : Dallj- Treasury Statement and Bureau of the Public Debt.
Excludes postal savings bonds
2/ It should be noted that callable Issues appear tvlce In this colixnn,
once In the year of first call and again In the year of final maturity. Callable issues vltb respect to vhich a definite notice of
call has been aade, however, are listed as fixed maticities. For
date of issue of each security, see "Market Quotatione" ; for tax
status , Bee "Treaanry Surrey of Ownership"

^

12/1/51>

2/l/5">

't.lik

",72'*

Tatal

2,966

Total

6/15/62

12/15/62

8,ltit6

Bank restricted issues say not be acquired by coaaaercial banks (with
minor exceptions) prior to specified dates; see "Debt Outstanding",
Table 3, footnote 1.
Hot called for redemption on March 15, 1953. Will mature on
September 15, 1953.
Hot called for redemption on June 15, 1953. Callable on four mcoths'
notice on December 15, 1953, succeeding interest payment date.

Treasury Bulletin

21
.DEBT OPERATIOHS.

Table 2.- Offerings of Treaeury Bills

May

m?

25

DEBT OPERATIONS.
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Dat«
BubflorlptlOD
books vere
opened

P«rio< fr<a iesae iate to
I«ane
late

-

Dftflorlptlon of aeourlt7

Maturity

rirat

caU

Anount of
aubecriptions
tendered
Cash i/

grohwng*

AaouQt Issuad

Tor
ooab 1/

In exobiuige
for othar
socurltlee

(la llllotia of doUare)
1/20 A8

2/1/W

2/18A8

3/1/ue

3/22 A8

5/19/W
6/21A8
9/1A8

U/1A8
6/1A8
T/1A8
9/15A8

9/20 A8

IO/1/U8

12/6A8

12/15A8
I/1A9

12/15 A8
1/19 A9

2/15A9
3/21A9
5/19A9
6/20 A9

8/21A9
9/29A9
12/19A9

2/1A9
3/1A9
lt/lA9

6/1A9
7/1A9
9/15A9
IO/1A9
12/15A9
1/1/50

1/80/50
2/17/50
3/20/50

6/2iAo

6/15/51

8/i^l
9/15/51
10/1/51
10/15/51
10/1/51
12/15/51
2/18/52
2/18/52

2/

3/1/52
3/1/52
1./1/52

\l}bt

8A/i

8/15^
10/1/52
10/1/52

uAt/*
2^/53
2/2/55

2/
''/13/53

2/15/53
2/15/53
"t/l/^S

5/1/^3

1-1/8*
1-1/8*
1-1/8*
1-1/8*
1-1/8*
1-3/e*

i-iA*
i-iA*
i-iA*
i-iA*
i-iA*
i-iA*
i-iA*
i-iA*
1-1/8*
1-1/8*
1-3/8*
1-1/8*

2/1A9-B
3/1A9-C

Certificate
Oartlfloate
Certlfioate
Oertlfloate
Certlfioate
Hote
Certificate
Certificate
Certificate

li/lA9-D

6/1A9-I
7/lA9-y

Ijr

U/I/50-A

l7r
lyr

IO/1A9-O
12/15A9-H
1/1/50-A

2/1/50-B
3/1/50.
if'O-C

Certificate
Certificate
Certificate
Certificate
Certificate
Certificate
Certificate
Bote
Certificate

ll/l/^O
.1^0-D

6/1/50-1
7/1/50-T
9/15/50-0
10/1/50 -H

10/1/51-A
7/1/51-8
3/15/55-A
7/1/51-C

1 yr
1 yr

ote

-

li/l/56-KA

Certlfioate
Certificate
Certlfioate
Certificate
Certificate
lote
Certlfioate

-

It/l/^A

-

7/1/52-B
8/15/52-0

2-3/8* Bond
1-7/8* Certificate
1-1/2* loU
2-3/8* Bo^
1-7/^ Certificate
Certificate
2*
2-1/8* lote
1-1/2* lote
Certlfioate
2*

7/1/51-1)

1 yr
1 yr

8/lAl-K

1

-

lO/15/51-r
11/1/51-9
12/15/55-B

-

-

-

em
\

B

5yr

-

-

yr

lyr
1 yr

m
B
B
1 B
1 B
3

1
1

5yr
5

yr

9iB
B
B
B

11

U
U

9/l/52-l>

Ui B

10/1/52 -K
10/1/56-10
12/1/52-F

5yT

3/15/57-J9

7 yr

iii»

5yr

2/l5«3-A

6/15/^

5yr
5yr

6/1/53-B

-

8/15^3-C 2/

1 yr

12/1/53 -A
10/l/57-K>
8/15/53-C 5/

lyr

a/l5/5H-A
12/15/58

8-lA* OMrkiflMt*
a-l/2* Boni
1-1/2* lot*
3-1 A* Boo*

jr
TT
yr
yr
yr
1 yr

1
1
1
1
1

1 yr

-

6i^

jr
1 7T
1

lyr
"yr

1-1/2* lote
1-lA* «ote
1-lA* "ot*
1-lA* »ote
1-lA* lote
1-1 A* lote
1-3A* lote
1-1/2*
1-7/8*
1-7/8*
1-7/e*
1-7/8*
1-7/8*
1-1/2*
1-7/8*

yr

1/1/51-A

1-lA* "ote
1-lA* lote

-

1

3/15/5lt-A

-

2,189

1 jr
1 jr
1 yr

V1/58-EA
-

-

:/i5
6/15/78-83
•

U

n,693
I

5 yr

1 yr
1 yr
5 yr
5 yr
30 yr

2>y» 1*1

5,150

Treasury Bulletin

26

.DEBT OPERATIONS.

Table 4.- Dieposltlon of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness

K

May

mj

27

.UHTTED STATES SAVINGS BONDS.
United States savings bonds were first offered In
March 1935 si'l began to mature In March 13^3. Series A-D
were sold between March 1935 and the end of April igM-l,
and Series E, F, and
were first offered In May 19IH.
When Series E began to mature on May

1,

To redeem the
bonds In cash In accordance with the original terms; to

retain them with an extended maturity of 10 years at
specified rates of Interest aoorual; or to exchange them
for Series
bonds.
A number of changes became effective
1,

1952. The principal ones were:

The rate of interest

accrual on Series E was Increased, especially for the neeu*
term, with corresponding changes In extended Series E;

Series T and

hl^er Interest

rates.
A new current-Income
similar In Interest return to Series E,
was offered beginning Jxuiel. Por details of these changes
see "Treasury Bulletin" for May 1952, oage A-1.

Series

H,

1951, owners of the

matured bonds were offered three options:

May

and K, also at

bond.

and
were replaced by two new issues, Series J

In the tables which follow. Series A-T and J sales
are shown at Issue price and total redemptions and amounts
outstanding at current redemption values. Series 0, H and
are shown at face value throughout. Matured bonds which
have been redeemed are Included In redemptions.
Data by
,

denominations and sales by States are published on a
monthly basis but not In each Issue of the "Treasury
Bulletin".

Table 1.- Sales and Rede«ptions by Series, Cumulative through March 31, 1953
(Dollora ajoovmta In Billions)

Serlss

..
.
..

Treasury Bulletin

2S

.UNITED STATES SAVINGS BONDS.

Table 3.- Sales and Redemptlone by Periods, Series E through K
(Dollar amounte In millions)

Accrued
dlBCOunt

Redemptions i/

Sales ploe
accrued
discount

Sales
price

Accrued
discount

Amount outstanding (interestbearing debt)

Series £ and H combined

Fiscal years:
19lil-l9't3

19Wt

19^5
19*6
19*7
19*8
19*9
1950
1951
1952

12,001
11,820
11,553
6,739

35
118
265

1,287

536
633
753

*,026
*,278
3,993
3,272
3,296

895
1,035
1,111

12,035
11,938
11,818
7,173
*,aE*
*,659
5,032
*,887
*,307
*,*07

7*9
2,100
3,8*6
5,912
*,391
3,825
3,530
3,521
*,295
4,008

7*8
2,095
3,825
5,8*3
*,288
3,689
3,368
3,326
3,987
3.583

80
182
353
*93
579
696
818
971
1,080
1,120

17,558
12,562
10,175
*,959
k,66k
*,920
5,025
*,639
*,270
*,69*

1,601
3,005
*,963
5,*23
3,930
3,728
3,**8
3,912
*,036
*,098

1,598
2,993
*,925
5,330
3,813
3,575
3,27*
3,667
3,688
3,622

377
319
337

33*
279
299

kk
uo
38

3*, 950

28*
239
299

*1

35,

33

1156

325
272
338

35,206
35,32*

*8l

361
296
35*

320 p
251 P
308 p

l»3lt

1
5

20
69
103

136
162
195
307
*25

11,287
21,125
29,097
30,358
30,791
31,625
33,127
3*,*9*
3*, 506
3*, 905

Calendar years:
1941-19*3
19**
19*5
19*6
19*7
19*8
19*9
1950
1951
1952

17,1*78

12,380
9,822
li,lt66

*,085
It

,22k

1»,208

3,668
3,190
3,575

Months I
1952 -July
August.
September

316
309
290

107
78

Il22

83

373

October.
loreaber.
Deoenber.

310
271
33*

76
91
123

386
362

Wil
362
397

108
80
8*

.

1953 -January

.

February.
Naroli....

387

2
11

38
93
116
15*
17*
2*5
3*8

*76

39
*1 p
*5 p
*6 p

15,957
25,515
30,727
30,263
30,997
32,188
33,766
3*,*93
3*, 727
35,32*

35,019
35,055

U6

35,511
35,657
35,78*

Serlee F, G, J, and E ccoblned

Fiscal years;
6,1A6
3,678
3,337
2,873
2,920
2,209
2,863
1,680
1,871
629

19*1-19*3
19**
19*5
19*6
19*7
19*8
19*9
1950
1951
1952

Calendar years:
19*1-19*3
19**
19*5
19*6
19*7
19*8
19*9
1950
1951
1952
Months

7,9*6
3,664
3,115
2,962
2,609
3,071
1,626
2,406
770

586

3

9
19
33
47
61
73
83
90
96

6
13

25
40
54
67
78
87
93
100

6,448
3,687
3,356
2,905
2,968
2,270
2,935
1,763
1,961
726

7,952
3,678
3,140
3 002
2,663
3,139
1,704
2,493
863
686

87
192
310

497
672
772
835

821
1,042
1,012

87
191
309
494
666
764
823
807
,021

990

163

162

259
370
615
715

258
368

840
315

6u
708
829
803

1
3

6
9
12
14

21
21

1
1

4
7

11
12
17
22

6,362
9,857
12,903
15,312
17,608
19,105
21,205
22,147
23,066
22,780

7,789
11,208
13,979
16,366
18,314
20,613
21,501
23,089
22,859
22,616

905
1,093
929

888
1,071
908

87
77
76

85
75
75

22,759
22,734
22,704

69
70
80

22,678
22,645
22, 616

70

22,623
22,611
22,587

21

:

1952 -July
August.

September

47
39

14
6
6

October
Borember.
Deo ember.

38
32
*2

12

53

1953-Jsnuary..
February.

64

15
6
7

58

52
.

.

Msroh . .

.

Footnotes at end of Table 4.

66
53

46

7

45

70

7

39

72
82

78
50

72
70
7*

68
72 P

(Contlniwd on following page)

Monthlj redemptions
as percent of amount
outstanding

..
.

Ma^

mj

29

.UHITED STATES SAVUKJS BONDS.

Table 3.- Sales and Redemptions by Periods, Series E through K

(Continued)

(In milllonfl of dollare)

Accrued
dlacount

Redemptions 2/

Sales plus
accrued
discount

Sales
price

^
Accrued
discount

Amount outstanding (Interestbearing debt)

Fiscal years:
I9I1I

and 19l>2.

1943
igii*

19*5
19116

3,729
8,271
11,820
11,553
6,739

igi?
19^8

11,287

191*9

l.,278

1950
1951
1952

3,993
3,272
3,266

U,026

1
33

3,731

118
265

11,938
11,818
7,173

l»3lt

536
633
753
895
1,035
1,111

8,30lt

lt,82U
l.,659

5,032
It, 887
•,307
11,377

60
689
2,100
3,8lt6

5,912
It, 391
3,8e5
3,530
3,521
It,
295
It, 008

60
688
2,095
3,825
5,8113

U,288
3,689
3,368
3,326
3,987
3,583

1
5

20
69
103

136
162
195
J{07
il25

3,671
11,287
21,125
29,097
30,358
30,791
31,625
33,127
311,11911

311,506
311,875

Calendar years:
19'tl
19l'3

and 19''2.

7,131*

10,3Wt
12,380
9,822

I9W1
igits
19>i6

19^7

U,li66
lt,085

19I18

11,2211

19119

ll,208

1950
1951
1952

3,668
3,190
3,393

10
70
182
353
1*93

579
696
818
971
1,080
1,120

Months:
1952 -July
August.
September

280
282
267

107
78

October..
NoTember
December.

286
253
310
397
329
359

.

1953 -January

.

February.
March...

7,1W'
10, It 111

12,562
10,175
It, 959
li,66lt

920
5,025
It, 639
U,270
It, 513
It,

220
1,378
2,993

5,lt23

3,930
3,728

5,330
3,813
3,575

3,liU8

3,27lt

17lt

3,912
It, 036

3,667
3,688
3,622

2li5

3lt,lt93

3I18

311,727
35,lli3

11,098

3ii,88ii

311,926

38

311,939

325
272
338

28I1

Ul

239
299

33

311,976
35,Oli8

39

35, 1113

361
295
352

319 P
251 P
307 P

Ul

35,287

115

35,liOO
35,lt91

108
80

505
ltlt3

I176

ito

363
3Wi

1*08

1511

iiii

76
91
123

lt33

93

116

6,923
15,957
25,515
30,727
30,263
30,997
32,188
33,766

279
299

377
319
337

83

11,925

2

11
38

33I1

386
360
350

Series H h/

Fiscal year:

220
1,380
3,005
It, 963

lt6

Treasury Bulletin

30
.UNITED STATES SATIRCjS BONDS.

Table 3«- Sales and Redempticms by Periods, Series E through K

•>

(Continued)

(In mllllona of doHore)

Accrued
discount

Series F

JlBoal years:
iglil

oM

19lt2

Bed empt loos

Sales pluB
accruod
dlecount

Sales
price

^

Accrued
discount

Amount outstanding (interestbearing debt)

May

mj

31

.UNITED STATES SAVINGS BONDS,

Table 3.- Sales and Redemptions by Periods, Series E through K

(Continued)

(In minions of dollarB)

Sales 2/

Accrued
discount

Series G

Fiscal years:
I9I1I
19't3

19Mt

and

19't2

Bedemptlons

Sales plus
accrued
discount

Sales
prioe

^

AiKiunt out-

Accrued
discount

standing (interestbearing debt)

,.,,

.

Treasury Bulletin

32

.UMITED STATES SAVINGS BOKDS.

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

nmifmn

of dollazv)

Matur«d bcodB 6/
Period 1/

Total
IDAttOnd

Fiscal yearai
1951
1952

SerleB
A-D

6,137
5,109

817
792

779
90

5,8l40

987

5,071*

987
772
1,015

1952 -July
Angust.
September

1>66

90

399

83

1»17

78

October.
RoTanber
December.

398
lk6

88
71

1*22

88

TbiiBatia*ed

For
oash

In wTnhimge
for Series G
or K

Total
unoatured

boola 2/

Sales
price

Acoruad
discount

38

37

5,320

"1,996

321.

702

69I*

'*,317

li,0l*6

271

l*,853

l»,583

250
968

21*5

It,

962

'',879
l*,059

270
308
253

86
80
76

86
79
75

378
316
338

351*

21*

295
317

21
21

85
69
87

81.

311
275

289
258
315

21
17
19

Calendar years 1
1950
1951
1952

5,651

522
1*7

571
3,806

Months!

,

.

.

.

1953 -Janxiflry

.

.

February,
Marcb . , . ,

1*35

101

69
86

333

na

98

98

33"*

369

109

109

257

1*30

107

105

lOl*

323

Sooroei Dally Treastiry Statement.
1/ Details by series on a oonnlatlTe basis and by periods for Series A-D
combined vlU be found In the February 1952 sod prsrlous issues of tbe
"Treasury Bulls tin"
bonds besln2/ Includes exchanges of matured Series I bonis for Series
nlng Nay 1951 and for Series K bonds beginning May 1952.
3/ Includes both matured and unmatured bonds j see Table 1*.
C/ Sales began June 1, 1952.

^J

18
238
302

IS

21

Sales vera dUoontlnuad after April 30^ 19?2.
Sales began Maj- 1, 19^.
Caaqtarable data are not arailable prior to January 1930.
Of the total natmrltr ralue, iyf> la laeue prloe and 2^ la accrued
dlsooimt.
Inolndea redanptiona not yet claaalfled.
Leaa than $^00,000.
PrellnJnary.

:

May

,

195)

33

.UNITED STAIES SAVINGS BONDS.

Table 5.- Sales and Redemptions by Denominations, Series E and H and Series F, G, J, and K
(In thousaodB of pieces)

Series E
Total, eOl
dencmInatlons

$10 2/

$25

$50

$100

ftnri

E combined l/

$200 iJ

$500

FlBcal years:
882,683
165,039
71,356
58,971
64,576

9,223
8,505
2,095
522
394

623,733
112,071
45,876
36,146
39,400

128,084
24,274
10,896
9,901
11,425

100,769
14,693
7,803
7,777
8,550

1,311
801
816
916

64,304
64,299
74,136

335
1

39,150
41,751
50,701

11,841
11,786
13,129

8,654
7,649
7,559

917
786
720

992,118
93,502
62,574
61,813
65,118

14,963
4,191
974
435
371

697,925
62,769
39,219
37,659
39,572

144,232
13,757
10,099
10,640

U0,832

u,a26

8,492
7,650
8,246
8,688

62,929
68,069
77,271

l4l
1

39,050
45,661
52,808

11,660
12,148
13,773

8,253
7,430
7,721

769
918
803
879
933
865
738
726

4,247
4,165
4,169

1,125
1,119
1,084

639
642
619

60
61

6,U4

4,422
3,976
4,857

1,177
986
1,309

661
589
708

63
56

p.,

6,519
5,778
7,146

1953-Januar7 p.,,
February p.
March p. . , ,

7,743
6,283
7,812

5,167
4,186
5,268

1,356
1,086
1,425

805
665
781

68

Inception to date p

1,505,232

1,029,284

232,002

169,563

6,855

1941-1*5

1946
1947
1948
1949
1950
1951
1952 P

11,753
2,065
1,645
1,571
1,569

Calendar years
1941-45
1946
1947
1948
194^
1950
1951
1952 P

Months:

1952-July p
August p. ..
September p
October p..
Noreoiber p..

December

6,281
6,194

21,076

59

66
83

74

22,930

$1,000

$5,000

y

$10,000 uy

,
.

.

.

.

i^

Treasury Bulletin
.UNITED STATES SAVIMGS BONDS.

Table 5.- Sales and Redemptions by Denominations, Series E and H and Series F, G, J, and K - (Continued)
c

(In thousands of pieces)

Series F, G, J, and K cosobined 6/

aU

Total,
denoiiL~

*25 2/

$100 8/

$500

$1,000

$5,000

$10,000

Inatlone

Fiscal years:
19iHJj5
1946

12,789
2,323

883
126

1*,561*

61*9

1,957
371

19^*7

2,071*

1*3

1*66

31*5

19118

1,630
1,378

31
28
26
21
18

385
311
275

279

19''9

1950
1951
1952 P

1,111*

813 S/
533 i/

11,236

937
970
7I17

551
117
128
97

598
121*

122
90
197

211*

556

73

1*86

63

81*

301
218

38

11*2

11*9

180
119
101

21*

23

97I*

1*,961*

2,165

1*91

31*0

1*20

60U
127
llU

31*3

311*
2l|0

293

197

U,705
957
871
629
517

61*1.

56
36
29
27

65

7U

21*

21*2

57
29
20

175

176

155
109
79

1*16

20
17

193

Calendar years:
191*1-115
19li6

191*9

056
2,098
1,863
1,529
1,172

1950
1951
1952 P

1,068
622 2/
383 2/

11*,

191*7
191*8

255
163

83

126
109
205

31*

23

Months:

1952-July p
August p. .
September p

25
21

October p.
November p.
December p.

19
25

10
8
11

35
26

16

Februai'y p.

March p..

21*

1953 -January p..
,,

Inception to date p

21*

11
11
10

23

22,878

12
11

1,188

7,020

3,617

8,550

1,101*

1,397

I9I*

28

21*

186

21*

17

21*3

32
37
39

25
26
28

Redemptions

Fiscal years:
191*1-1*5

191*6
191*7

191*8
19I19

1950
1951
1952

221
227
272
293
312

595
600
7U6
859
925

1*0

922
1,032

83
73

306
32U

11*7

881*

55

2711

11*2

323
385
330

835
728
800
917
915

61*

311
273
283
309
305

123
109
122

267
230

38

32

30

261*

31*

316
315

1*0

38

21
25
28
26

977
975

79
63

318
300
266

158
155

1*1

29

1*5

1*5

11*0

352
366
319

1*0

35

2ll

12
12
12

26
28

307

21*1

59

61
79
86

113
133
lU*

292
316

167

1*7

26
36

Ul

1*3

37

Calendar years:
1941-45
191*6

191*7
191*8
191*9

1950
1951
1952

61*

72
81
87

1*9

11*3

iMi

Months:
195a -July
August. ..
September.

77
72
71*

23

October.,,
Hcrveittber.,

66
68

21
21

December.

73

23

12
12

2,363

1,091*

,

Inception through
December 1952 JO/

6,991*

"22

559

Source: Based on Dallj Treasury Statement and reports from Federal
Reserve Banks and Bureau of the Public Debt.
Sales of Series H bonds began June 1, 1952.
Sale was authorized June 19l*l*, to Armed Forces only; and discontinued after March 31, 1950.
Sales began in October 19l*5,
Sales of $10,000 denomination Series E bonds were authorized on
May 1, 1952, and $5,000 and $10,000 Series H bonds on June 1, 1952.
1/ Includes exchanges of matured Series E bonds for Series G bonds
beginning Hay 1951 and for Series E bonds beginning May 1952.

29

n

6/
2/
8/
2/
10/
p

25
26
27

2,1*29

Sales of Serieo F and G- bonds vere discontinued on April 30, 1952, and
Bales of Series J and K bonds began on May 1, 1952.
All Series F bonds ftxim December 19^1 until May 1, 1952, when Series J
bonds were Issued,
Sale of $100 denomination not offered for Series K 'bonds
Sale authorized for Series J and K boaio on Maj 1, 1952,
Latest date for which information by dencmOnationfl Is available,
Less than 500 pieces,
PrellJiilnary

mj

May

35
.

TREASUEY SAVDGS BOTES

Treasury tax and eavlngs notes have been Issued In
Tax Series A from August 1, igiH, through

five series:

June 22, IJliJ; Tax Series B from August 1, igU-l, through
September 12, 19^; Savings Series C (originally designated
Tax Series C) from September

ll|,

1942, through August 31

,

iglJ-B;

Savings Series D from September 1,1946, through May 14, 1951;

and Savings Series A beginning on May 15,

and redemption and Investment yields of Savings Series A
In the June 1951 laeue of the "Treasury Bulletin",

page A-1.

Issue. For detalle concerning terms and conditions.

Invest-

ment yields, and tax payment or redemption values of
Series A and B, see "Annual Report of the Secretary of the
Treasury" for 19'+2, pages 207 and 220, and for sales and

redemptions by fleoal years and months, see "Treasury
Bulletin" for February 1946, pages 42 and 43,

I95I.

Details ooneemlng terms and conditions for purchase

appear

.

Similar information with respect to Savings Series D

In the following tables sales and redemptions of
Treasury savings notes eire shown at par val ue. Matured
notes redeemed (either for cash or for tax payment are
Included In the figures on redemptions. Matured notes
)

outstanding are reflected In the Interest-bearing debt

will be found In the October 19^8 and September 19^9 Issues,

until all notes of the series have matured, when they are

and with reapeot to Savings Series C In the October 19^5

transferred to matured debt upon idiloh Interest has ceased.

Table 1.- Sales and Redemptions by Series, Cumulative through March 31, 1053
(In miilions of dollars)

Treasury Bulletin

36
.ovutership of federal securities.

Table 1.- Distribution of Federal Securities by Classes of Inv&stors and Types of Issues
tin mllllonB of dollars

J

.

May

.. ,

.

9
3
8

.

5
6

3
7

3
1
2
a
B
5
1

9

,

a
e
8
7
6
9

7
c
C

9

U
1

,

1

mj

37

.OWNERSHIP OF FEDEEIAL SECURITIES.

Table 3.- Estimated Osvnershlp of Federal Securities
(Par values l/

-

in billions of dollars)

Held by banks

Total
Federal
securities
outatandins 2/

End of
month

by private nonbank Investors

Held,

U. S,
Coinnier-

jlal
bazikB

Federal
Reserve

Indlvldiwls 5/

Government
Inveatoent
Qccounte U/

Mutual
aavlnge
banks

Savings
bonds

2/

Corporations 6/

State and Miscellocal
laneous
governInvestorG
ments jj it/ 8/

1939-Dec ember.

I17.6

18.U

15.9

2.5

6.5

22.7

10.1

1.9

8.2

6.3

3.1

19liO-June

1*8.5

18.6
19.5

16.1
17.3

2.5
2.2

7.1
7.6

22.8
23.9

10.1
10.6

2.6

7.5
7.8

6.5
6.9

3.1

2,1
2.0

.1*

.7

3.2

.5

.7

19.7

2.2
2.3

8.5
9.5

25.0
31,0

11.2
13.6

3.6

7.6
8.2

7.1
8.2

3.1*

2,0

.6

.7

3.7

1*.0

.7

.9

8.7
10.3

9.2

3.9

1*,9

.9

U.3

1..5

10.1

1.0

1.1
2.3

Decanber.

50.9

19Ul-June..»..
December.

55.3
61».3

1942-June
December.

77.0
112.5

19lt3-June

21.8
23.7

21.1*

5,1*

28.7

26.0

1*7.3

1*1.1

2.6
6.2

10.6
12.2

37,7
53,0

17.8
23.7

13.1*

52.2
59.9

7.2
11.5

11* .3

67.0
81.7

30.9
37.6

11.7
12.9

13.1
15.1

5.3

12.9

6.1

16.1*

1.5
2.1

3.1*

21*.

83.3

68.1*

ll*.9

1*6.3

lll*.0

53.3

17.3
19.6

7.3
8.3

6.1

18.8

15.1
17.1

3.2

77.7

31.2
36.2

20.0

96.5

19.1
21.7

100.2

21.

1*.3

7.0

.2

21.8

21*

59.5

18.9

22.7
21*

22.9
22.0

8,3

21.1*

9.6
10.7

5.3

a.

1*0.7
1*2.9

6.5

9.1

19.9
17.7
15.3

6.7
6.5
6.3

8.9
8.6

13.9

7,1
7,3

9.6

9.1

19.2

11*0.8

59.11

Deconber.

170.1

71.5

1944-June
December.

S02.6
232.1

19i+5-Juiie

259.1
278.7

106.0

81.

115.0'

90.8

21*.

27.0

128.2
136.6

279.8
269.9
259.5

116.7
108.2
97.9

93.8

28.0
29.1
30.9

135.1
132.6
130.7

61*.

1*3.3

'•3.5

20.
20.0

21*. 1*

63.1*

71*.

22.9
23.8
23.3

61* .2

1*1*

.2

20.1

21*.

11.1
11.5
11.8

19^7-June
Deconber.

258.1*

91.9
91.3

70.0
68.7

21.9
22.6

32.8

66.1*

65.7

1*5.5
1*6.2

20,9

.U

133.7
131.3

19.1*

2U.6
23.9

12.1
12.0

19lt8-June

252.1*

85.9
85.8

61*.

21.1*

130.7
129.7

1*7.1

1*7.8

22.8
21.2

12.0
11,5

ll*.8

7.8
7.9

8.7

65.5

18.6
17.6

13.6

23.3

35.8
37.3

65.

62.5

19.3
18.9

38.3

66.7
66.1

1*8.8

17.9
16,8

20.5
20.1

11.6

n.U

15.7
17.0

8,0
8.1

9.6

39.1*

132.2
132.1

18.3

37.8

135.6
13 1*.

17.0
15.6

19.8
18.7

11.6
10.9

19.0
20.8

8,7

39.2

66.8
65.2

1*9.9

20.8

9.7
15.5

39.8

131*. 5

65.3
61*.l*

1*2.3

1*9.0
1*9.1

11*.

17.9
17.1
16.8
ID.U

10,5
10.2
10.1
9.8

21.3
21.1
21.2
21.6

9.1*

64.0
63.7

16.0
15.3
15.0

10.1*

132.9
132.2
131.8

1*9.3
1*9.1

9.1

1*1.0

9.5
9.6

10.7
10.6
10.6

1*2.7

132.3

63.7

1*9.1

ll*.6

16.1*

1*2.9

133.8
132.5

61*.

1*9.1
1*9,1

15.2

61*.

16.3
16.3

9.8
9.8
9.8

21.9
22.6
21.2

9.9
10.0
10.1

10.5
10.8
10.6

132.3
132.9
130.8

61*.

1*9,

15.1

1*9.0

ll*.9
11*

9.8
9.8
9,6

20.7
21.6
20.0

10.2
10.2

1*9.0

16.2
16.0
15.7

11.3

63.9
63.6

10.1*

11.6

61(.l

1*9.

15.1

63.8
63.7

1*9.0

11*.

16,0
16.1
16.1

9.8
9.7
9.7

20.8
21.3
20.8

10.7
10.8
10.9

11,5
11.5
11.3

16.0
16.1
16.0

9.6
9.5
9.5

21,0
21.1*

10.9
10.9

21.3

n.o

12.0
12.2
11.7

16.2
16.1

9.5
9.6

21.8

11.1
11.1

12.
12.2

December.
1914.6-February (Peak)

June
Decanber..

.

257.0

81* .1*

16.9

31*

.9

December.

252.9

1949-June
December.

252.8
257.2

82.1*

85.7

63.0
66.8

1950 -June
December.

257.1*

256.7

83.9
82.6

65.6
61.8

1951-Harch
June
September.
December.

255.0
255.3

81.1*

58.1*

257.1*

83.2

259.5

85.1*

59.5
61.6

22.9
23.0
23.7
23.8

1952-Januar7..
February,
March....

259.8

81*.

260.1*

83.8
82.6

62.1
61.2
60.1

22.7
22.5
22.5

60.5
61,0
61,1

22.3
22.9

62.7
61.8
61.5

22.9
23.1
23.7

1*1*

1*5.1

132.9
133,3
132.5

1*9.0

11*.

23.6
23.8

1*5.1

133.3

63.

1*9.0

11*.

April.
Haj...
June..

258.3
260.0
259.2

July
Auguat, .
September.

263.1
263.2
262.7

October.
November.
December.

265.0
267.5

,

1953 -January ....

February p.

iJ
2/

^
)*/

^

258.1

80.7

82.8
63.

a.o
85.5
81*.

57.8

1*2.0

1*3.0

22.1*

.6
1*5.0

1*9.3

1*9.6

15.1.

.6

1*5,5

13I1.O

63,9

1*9.1

11*.

267.1*

88.0

21*.

1*5.9

133.6

61*.

1*9.2

ll*.9

267.5
267.6

86.6
85.6

23.9
23.9

1*6.0
1*6.2

131*.

61*.

1*9.3

11*

135.8

61* .1*

1*9.1*

11*.

Uiltad States ea-rlngB bonds. Series A-F and J, are Included at
current redemption Taluse
Securities Issued or guaranteed by the U. S. Govemment, excluding
guaranteed securities held by the Treasury,
Consiata of ccanoerclal bankSj trust ccmpanlea, and atock saTlnga banks
In the ITnlted States and In Territories and island possessions.
Figures exclude securities held In trust departanants
Holding by Federal land banks are Incluled under "Miscellaneous
investors" instead of "U. S. Oovemmant Investoent accounts" beginning
June 30, -191*77 since the proprietary interest of the United States
In these banks ended June 26, 19l*7Includes partnershipe and personal tnist accounts. Hcmprofit institutions and corporate pension trust funds are Incliidad under "Mlscellansous
investors"

6/

X/
8/

p

.9

.0

21*.

11*.

22.1*

l*.l*

8.1

8.1*

8.9

9.1*

U.5

Exclusive of banks and Insurance companies
Consists of trust, sinking, and Investzient funds of State and local
governments and their agencies, and Terrltorlea and island possessions,
Includes savings and loan associations, nonprofit institutions,
corporate pension trust funds, dealers and brokers, and investaaents
of foreign balances and intemstional accounts in this country. Beginning December 1946, includes investsants by the Internati onal
Bank for Reconstruction and Develoxaaent and the International Monetary
Fund In special nonlnterest-bearlng notes issued by the U, S. Govomnsnt.
Preliminary.

-

.

Treasuri, Bulletin

38

.TREASURY SUBVEY OF OWNERSHIP, FEBRUARY 28, I953
The Treasury Survey of Ownership ooTsrs securities
Issued by the United States Government and by Federal
agencies. The banks and Insurance companies Included
In the Survey account for approximately 95 percent of
euoh securities held by all banks and Insurance companies
In

the United States.

March

3I,

191*1,

Data were first published for
"Treasury Bulletin".

Information on the distribution of ownership by types
of banks and Insurance companies Is published each month.

Additional Information showing the holdings of commercial

banks distributed according to Federal Reserve member
bemk classes and nonmember banks Is published for June 70
and December 11.

In the May 191*1

Section

I

-

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

-

In illlions of dollara)

May

39

195)
.TREASURY SURVEY OF OWNERSHIP, FEBRUARY 28, 1953,

Section

I

-

Securities Issued or Guaranteed by the United States Governuent

Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values - In niuioas of dollars)

)

.

Treasury Bulletin

ko

.

Section

I

-

THEASURY SURVEY OF OWNEFSRIP, FEBRUARY 28, I953

Securities Issued or Guaranteed by the United States Government

Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par T&lues

-

in nllllona of doLlBrs

-

(Continued)

May

my

in

.TREASUKY SURVEY OF OWNEPSHIP, FEBPUAEY 28, 1953.

Section II

-

Interest-Bearing Securities Issued by Federal Agencies but
not Guaranteed by the United States Government
(Par Talues

-

la

lUions

at ilollars)

Treasury Bulletin

12

.MAHKET QUOTATIONS, MARCH 31, 1953Current marltet quotations shown here are over-the-

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

The

securities listed In Section I Include all public
marketable securities Issued or guaranteed by the
United States (jovernraent except those not regularly

The lat'ter are the only public marketable
Interest-bearing guaranteed securities outstanding.

debentures.

Section II lists the public marketable securities
Issued by Federal agencies but not guaranteed by the
United States Oovernment. The Treasury Department
publication "Prices and Yields of Public Marketable
Securities Issued by the United States Government and

The Issues excluded are postal

by Federal Agencies", which carried dally quotations

savings bonds and Federal Housing Administration

for each month, was discontinued after FebruaiTr 1953«

quoted In the market.

Section

I

-

Securities Issued or Guaranteed by the United States Governnent

Table I.- Treasury Bills (Taxable)
Amount

May

^3

195)
.MAHKET QUOTATIONS, MAECH 31, 1953-

Section

I

-

Securities Issued or Guaranteed by the United States Govemnent
Table 3.- Other Taxable Issues - (Continued)
(Price deolmnin are 32aie)

Treasury Bulletin

kU-

-MARKET QUOTATIONS, MAECH 31, 1953-

Section II - Securities Issued by Federal Agencies but not Guaranteed by the United States Government
Table 2.- Other Issues (Taxable)
(Price decimalB are 32nds)

Amount

May 1953

145

-MAEKET QUOTATIONS, MARCH 31, 1953-

YIELDS OF TAXABLE TREASURY SECURITIES, MAR. 31,1953
Based on Mean

of Closing Bid

and Ask Quotations

...

.

Treasury Bulletin

46

-YIELDS OF TREASURY tSD CORPORATE BONDS.

Table 1.- Average Yields of Long-Term Bonds by Periods
(Percent per annum)

Treaaury bonda
Partialis

Taxable
tax-exesipt
1/
1/

Treasury bonds

Highgrade
corporate

Partially
tax-exempt
1/

Irasuls

Annual sarlee
2.79
2.69

1935
1936
1937
1938
1939
19^0

-

3.19
3.27
3.12
2.92
2,77

2.61
2. Ill

2.26

2.05
2.09
1.98
1.92
1.66 1/

191*2.

19*3.

I9W.
19*5.
19't6.

Monthly eerlea

igW^aa.

2.1l5
2.I15

Feb.
Mar.

2M
2M

Apr.
May.
June
Aug.

2.81*

2.81

-

2.1i6

2.67
2.75

2.U7

2.61»

2.1>8

2.60
2.5*

2.37
2.19

2.Ull

2.27

2.55

1952 -Jan..
Feb..
Mar..

2.30
2.31
2.33

2.57
2.57
2.59

Apr.
May..
June.

2.61*

2.57
2.61

2.92
2.93
2.95

July.
Aug..
Sept.
Oct..
Hot..

2.61
2.70
2.71

2.96
2.97
2.98

2.71*

2.73

2.80
2.86
2.85

July.
Aug.
Sept.

2.31*

2.33
2.36

2.61
2.58
2.62

2.85
2.86
2.81

Oct..
Nov..

2.38
2.38
2.39

2.65 1/
2.66
2.66

2.77

2.1ll*

19119 -Jan.

2.1*2

2.39
2.38

2.73
2.73
2.71

1951 -Jan.
Feb..
Mar..

2.39

Feb.
Mar.

2.1*7

2.6U
2.66
2.78

Apr.
May.

June

2.38
2.38
2.38

2.70
2.71
2.72

Apr.
May..
June.

2.56
2.63
2.65

2.88
2.89
2.95

July.

2.27

Aug.

2.21*

Sept,

2.22

2.66
2.60
2.59

July.
Aug..
Sept.

2.63
2.57
2.56

Oct.,
Not.,

2.22
2.20
2.19

2.59
2.56
2.55 2/

Oct..
Not..
Dec.

2.61
2.66
2.70

Dec

Weekly serlea
3.

21*.

31.

Kot.

7.

lU.
21.
28.

2.78
2.76
2.75
2.73
2.71

3.06
3.06
3.02

2.69
2.71
2.71
2.71

3.00
2.98
2.97
2.96

3.02

2.31
2.32
2.57
2.68

2.51*

Oct.
Hov.
Dec.

10.
17.

2. 71*

2M

2. 51*

Sept

1952 -Oct.

2.25

2.21*

2.1*5
2.I15

Dec.

19*7.
19*8.
19*9.
1950.
1951.
1952.

2.20

2. Ill

2.U1.

Highgrade
corporate
bonds

1950-Jan..
Feb..
Mar..

2.1(2

2.1*5

Taxable
1/

areragea of dally eerles

Apr..
May..
June.

2M

July

2.85

Partially
tax-exempt
1/

calendar year areragea of nontbly eerlea

3.'t6

2. Tit

Taxable
1/

Treasury bonds

Highgrade
corporate
bonds

-

2.1*0

2.92
2.98
3.03

aTerages of dally eerlea for weeks ending

1952 -Dec.

3.01*

5.

12.
19.

26.

1953 -Jan.

2.72

Dec.
1953 -Jan.
Fob.
Mar.

2.96
2.89
2.96

2.71
2.70

y

2.71*

3. oil

2.71
2.75

2.98
2.99

2.80
2.83
2.89

3.06
3.11
3.16

May

IW

^1
-YIELDS OF TREASURY AND CORPORATE BONDS-

}

.
,

Treasurtj Bulletin

ks

.UTTERNAL REVENUE COLl^CTIONS.

Table 1.- Summary by Principal SourceB —'
(

Flecol jear
car month

Total receipts fraa
Internal
revenue
(Dolly
Treasury
Statement)

Individual income tax and anployosnt taxes

MJustment of
collections
to Daily
Treasury
Statement

Total
Internal
revenue
collections

corporation
income anl
profits
tales 2/

083
9,668,956
1U,766,796
16,027,213
12,553,602

12,993,118

-36,797

13,029,915

191*3

22,11*3,969

-221*, 755

I9W*

1*1,681*, 987

191*5
191*6

1*3,902,002
1*0,310,333

+1,565,1*77
+101,661*

191*7
191*8

39,379,1*09

191*9

1950
1951
1952

191*2

.•.

1952 -JvOy
August.

1*, 71*1*,

-361,589

22,368,721*
1*0,119,510
1*3,800,338
1*0,671,922

1*1,853,1*85

+271,136
-11,051

39,108,273
1*1, 861*, 536

10, 174,1*10

1*0,307,285

-155,831*

1*0,1*63,119

11,553,669

39,1*1*8,607

+1*91,1*82

51,106,095

+660,1*09

50,1*45,686

11*,

65,63lt,89l*

+625,502

65,009,393

21,1*66,910

957,770
356,938

38,957,126

3,1*13,233
1*03,351

-1*30,755

3,81*3,988

-988,280

Septemher

6,710,598

+1,1*32,218

5,396,631
5,278,380

October.,
November.
December.

l»,

3,150,106
512, 766
5,962,982

-550,71*1
-833, 0U3

3,700,81*7
5,31*5,808

+1,595,082

',367,900

,

In thousands of dollars

1»,

195 3- January..

U, 972, 366

-1*05,912

February
March....

6,150,309

-1,163,657
+l,U37,a29

11,712,1*1*1*

9,676,757

10,8511,351

387,569

2,1*1*1,771

927,1*71

352,262
2,785,165

5,378,278
7,313,965

1*01*, 1*52

10,271*, 615

6,171,089

501,195

Individual
income tax
not withheld 1/

1*,

1*1.8,162

8,128,637
19,999,378
20,813,1*91
20,1*05,361*

3,262,800
5,943,917
10,437,570
8,770,094
8,846,947

Individual
income <•-«
withheld k/

Old-age
Insurance
taxes l*y

Railroad
retirement

895,336
1,131,546
1,290,025
1,307,931
1,237,825

170,409
211,151
265,011
284,758
284,258

U9,6l7

686,015
7,823,435
10,264,219
9,857,589

1,458,934
1,612,721
1,687,151
1,873,401
2,810,750
3,534,026

379,555
560,113
562,734
548,038
579,778
620,622

185,876
208,508
226,228
223,135
236,952
259,616

Unemploy ment
insurance

156,008
183,337
186,489
178,745

21,367,662
23,379,123
20,527,935
19,797,863
26, 621*, 788
33,738,370

U,345,06o

1,939,176
4,190,037
1,969,674

393,125
93,368
1,652,593

1,538,781
4,012,275
231,744

3,026
69,755
84,574

4,243
14,639
763

1,805,486
4,148,417
642,652

164,390
108,607
357,574

1,633,657
3,967,879
190,064

3,290
58,282
94,209

4,147
13,649
806

4,039,683
6,063,004
3,125,463

2,854,566
839,012
2,698,047

1,144,150
4,990,091
327,686

4,288
67,158
91,058

36,679
166,743
8,672

9,501,015
9,464,204
7,996,320
7,264,332
9,907,539

9,81*2,282

11,533,577
10,055,502
9,888,976
13,089,769
17,929,047

\iav 197)

1+9

INTERNAL REVENUE COLIBCTIONS.

INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES

938

40

'42

44

)

Treasury Bulletin

50
-INTERNAL REVENUE COLLECTIONS.

Table 2.- Detail of Collections by Type of Tax
(

In thousands of dollars

1951

1952

1952

1952

1953

(Feb. 1952)

Corporation income and profits tales 2/

Ninth month of
fiscal year

Eighth month of
fiscal year

Fiscal year
Typo of tax

1953

(Feb. 1953)

(Mar. 1952)

lit, 387,569

21,W6,910

310,611

404,452

5,912,713

9,907,539
15,900,519
579,778
236,952

11,51*5,060

21,313,072
620,622
259,616

1,464,298
4,172,031
42,713
160,969

839,012
4,990,091
67,158
166,743

2,133,195
536,555
106,724
13,488

26,62lt,788

33,738,370

5,840,010

6,063,004

2,789,962

638,523

750,591

61,860

61,526

63,884

91,207

82,556

4,332

3,304

49,510

172,362
l,57lt,lt72

187,1*79
1,1*02,220

38,053
3,738
63,516

31,812
3,753
68,621

12,382
99,339
2,038
195
5,975

12,805
114,028
2,106
193
5,482

16,123
120,070
2,374
268
6,734

9,161

15,21*9

179

134

124

12

28

2

2

3

1,090
11*, 921

1,285
12,080
99,262
722,150

78
797
39,327
49,869

69
917
107
49,696
56

106
999
3,459
53,253
62

Individual Incoane tax and employment taxes:

^

Incone tax not vithheld
Income tax withheld and old-age insurance
Pailrood retireonent
Unonployment insurance

,

}*J

,

Total individual Income tax and anplojlnent taxes

...,

Miscellaneous internal revenue:

Ectate tax
Gift tax

,

Liquor taxes:
Distilled splrita (ijnported, excise)
Distilled apirits (dcdeatlc, excise)
Distilled spirits, rectificatlCBl tax
Wines, cordials, etc, (imported, excise)
Winea, cordials, etc, (domeetic, excise)
Dealers in distilled spirits; rectifiers;
of stiULs (special taxes)
Stamps for distilled spirits intended for
Case stamps for distilled spirits bottled
Container stamps
Floor taxes
Fenaented malt liquors
...••
Brewers; dealers in malt liquors (special

,

manufacturers
export
in bond
•

12

665,009
taxes)

Total liquor taxes
Tobacco taxes:
Ci^are (large)
Cigars (small)
C Igarettea ( large )
C igarettee ( small )
Snuff
Tobacco (chewing and smoking).. •.•.•.•.•••••*,. ...........
Cigarette papers and tubes
, ...
•
Leaf dealer penalties , etc
Cigarette and cigar floor taxes

Total tobacco taxes
Stamp taxes:
Bonds, iBsuea and transfers of capital 5tock,deedjS of
conveyance, etc
Playing cards
Silver bullion sales or trecsf ers

Total stamp taxes
Manufacturers* excise taxes:
Lubricating oils
Oaaoline
Tiree and tubes
.••...•...•...
Automobile trucks and busses...
•
......•.•.•
Other aut(mobiles and motorcyclea
Farts and accesaoriea for autamobileo...... ...... .........
Electrical energy
Electric, gas, and oil appliances.
Electric light bulbs and tubes....
Badio seta, phonographs, television sets, componenta, etc.
Phonograph recorda
Musical instruments
Mechanical refrigerators, air-condltloners, quick-freeze
units , etc
Matches
•..•.....
Business and store machines...............
Photographic apparatus ....................................
Sporting goods
Firearms, shells, and cartrldgea
Pistols and revolvers
•
Mechanical pencils, pens, and llghtere 6/

^

Total manufacturers * exc iae taxes

Footnotes at sod of table.

•

lt,lt62

5,11*8

2,51*6,807

2,5U9,o88

210,234

185,596

203,574

220
56

1*4,760

3,321

3,377

3,587

50
12
1,1*71*, 060

*

»

1

117,645
374
1,475

127,524
295
1,290
77

118,209
308
1,368

1*1*,

7

1,293,966
7,235
33,870
1,01*1

1*,796

22,817

53_

5

5

2

10

1

913
2
17,752

166

1,380,396

1,565,162

222,996

132,569

123,586

ai.,781*

8,222
100

77,556
7,353
86

4,893
779

5,009
746

1

9,401
608
10

93,107

8l*,995

5,674

10,018

5,762

5,616
70,333
7,334
14,173
41,502
14,499
745
6,870
3,046
9,693
362
750

5,208
71,700
9,389
17,598
73,435
12,709

5,979
64,6l4
13,597
12,459
43,325
16,038
232
8,717
2,920
12,687
798
741

3,386
533

705
171
61
700

5,381
424
4,923
3,516
1,398
689
91
1,059

5,508
993
4,351
1,649
1,133
670

187,153

235,242

197,422

1

97,238

95,286

569,01*8

713,171*

198,383
121,285
653,363

161,362

119,1*75
93,181*

121,996
30,281*

11*7,1*45

578,149
164,135
53,094
89,544
30,736

128,187
7,007
10,756

U8,244

96,319
10,169

57,970
8,032
48,515
33,766
16,501
10,679
1,172
4,816

1*4,1*91

1*6,020

17,862
17,81*6

762

2,383,677

6,880
9,412

2,348,914

4,768
1,907

(Continued on following page)

101

8,518
3,398
13,834
921
1,050

7_

93

918

(Mar. 1953)

.

May

mi

51

mTERNAL REVEmm-

COLLECTIONS.

Table 2.- Detail of Collections by Type of Tax 1/

(Continued)

(In thouaanda of dollaxs)

Eighth month of
fiscal year

Fiscal year

Ninth month of
fiscal year

Type of tax

MlacellaneouB Internal revenue (continued):
Retailers' excise taxes:
Furs
Jewelry
Luggage
Toilet preparations

Total retailers * exc Ise taxes
Miscellaneous taxes:
Sugar Act of 1937
Telephone, telegraph, radio, and cable facilities
Local telephone service
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
Bowling alleys, pool tables, etc
Coin operated devices
Multerated and process or renovated butter, and filled
cheese
Narcotics, including marihuana and special taxes
Coconut and other vegetable oils processed
National Firearms Act...
Diesel oil 1/
Wagering taxes 6/
All other, including repealed taxea not ebovn sepai-ately

Total miscellaneous taxes
Total miscellaneous internal revenue
Total internal revenue collections
Adjustment to Dally Treasury Statement
Total receipts

frcan

internal revenue (Daily Treasury Statement).

1952

57,6olt

51,1*36
220,1*03

1953
(Mar. 1953)

ll*,338

5,068
15,253
5,040
7,805

71*, 1*10

73,039

30,748

33,166

5,777

5,1*19

32,11*0
22,561*

26,165
23,378
2,115
24,297
33,227
1,202
20,636
4,248
3,362
26
201

4,616
35,665
31,539
1,859
20,983
30,931
978
20,093
3,497
3,123
26
171

5,576
43,281
30,837
2,135
21,914
33,667

11*,

'157,013

1*75,530

80,192
660
290,320

78,1*73

351*,

395,1*31*

237,617

275,171*

21*, 21*6

381,31*2
31*6, !»92

388,589
10,211
330,782

1.2, 61*6

1*5,1*89

30,120
3,610
20,731

33,592
3,597
18,823

31,109
1,095
23,999
3,965
3,196

11
866
19,088
9

1952
(Mar. 1952)

4,936
13,892
4,672
7,249

90,799
ua. Bge

310,337
26,881

1953
(Feb. 1953)

7,609
38,353
13,217
13,860

8,325

210,239
82,831
106,339

9,569

,

1952
(Feb. 1952)

1951

37,61*3

102

2,560

1*3

266

1*

853

21,225
3,716
3,236
24
170
3

915
15,205
29
7,138

37

46
1,594
«

69
1,308
»

69
1,489
•

1,1*22

5,31*5

676

1,261

5

1,326
802
-2,884

1,102
697
24

1,074
712

381
1,8142,598

1,91*7,276

153,714

145,215

156,680

169,999

9,1*33,328

9, 801*, 112

820,372

846,509

831,166

978,064

50,1*45,686

65,009,393

6,970,994

7,313,965

9,533,841

10,274,615

+660,1*09

•1625, 502

-908,271

-1,163,657

+1,107,122

+1,437,829

51,106,095

65,63'*,89l*

6,062,723

6,150,309

10,640,963

11,712,444

Source: Daily Treasury Statement for total receipts from internal revenxie;
reports by the Bureau of Internal Revenue for collections by type of
tax.
Detail by type of tax is available only on a collection basis.
Receipte on the Dally Treasury Statement basis are compiled from the
latest daily reports from Government depositaries; they do not coincide
with amounts reported by the Bureau because of the lag In deposits of
collections and because certain taxes are paid directly into the
dopositaries.
ly Excludes collections for credit to certain trust accounts for island
possessions; includes corporation income tax on Alaska Railroad
(repealed by Public Law 386, approved June 10, 1952, for taxable
years ending after that date).
2/ Includes excess profits taxes on Army and Navy contracts Imposed by
the Vinson Act as amended (34 U.S.C. 496), and income tax on business
income of exempt organizations, Imposed by the Revenue Act of 1951,
approved October 20, 1951,
i/ Includes old-age insurance tax on self -employment income, Impoaed by

it/

5/

16_

the Social Security Act Amendioents of 1950 (Public Law 73^), approved
August 28, 1950. The tax la levied and collected as part of the
individual income tax beginning with the taxable year 1951. For
estimated fiscal year breakdown, see Table 1.
Beginning January 1951, withheld income tax and social security
employment taxes on employers and employees are paid into the
Treasury in combined amounte without separation as to type of tax,
pursuant to the Social Security Act Amendments of 1950. For estljuated
fiscal year brealcdown, see Table 1.
Repealed, effective November 1, 1951, by Revenue Act of 1951. Beginning July 1952, included with other repealed taxes under "Miscellaneous taxes"
Effective November 1, 1951, under Fevenue Act of 1951.
Applies to diesel oil used in highway vehicles; effective November 1,
1951, under Revenue Act of 1951.
Less than $500.

.
.

52

Treasury Bulletin
.MOICETAFY STATISTICS.

Table 1.- Money In Circulation
(In nillllona of dollarG except as noted]

Paper money
of fiscal
year or month
lai.

19't5

Total
money In
circulation 1/

26,71*6
28,21*5

Total
paper
money

Sold
certificates

SllTer
certif-

2/

icates

25,5^1

52

26,91*5
26,91*2
26,l*8e

U8

191*8

28,297
27,903

19116
19117

50
1*5

191*9

27,1*93

26,031*

1*3

27,156
27,809
29,026

25,661
26,231

1*1

27,31*8

38

2,177
2,092
2,088

1951-Dec ember.

29,206

27,552

38

2,079

1952 -Julj
August.
September

28,978
29,293

27,292
27,598

29,1*19

27,711*

38
38
37

2,063
2,080
2,095

29,61*4

27,922

2,093
2,115
2,105

,

October.,
Koreaber
December.
1953 -January..,
Peboruary.

Maroh p.

..

30,236

28,1*97

30,1*33

28,683

37
37
37

29,691

27,970
28,068
28,012

37
37

29,793
29,71*9

37

1/

1,651
2,025
2,061
2,061
2, 061

1950
1951
1952

39

Treasury
notes
of 1890

2,006
2,027
2,061*

1
1

1
1
1
1

1
1
1

United

May

1
3

9

..
..

61

.

mj

53

.MOHETAPy STATISTICS

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

Sold

End of flaoal
year or inonth

Ratio of ellver
to gold and
a liver In
monetary atoclca
( In
percent)

Silver
($1.29+ per
flue ounce)

(35 par
fine ounce)

I9W

20,213.0
20,269.9
21,266.5
23,532.5

19''9

21i,U66.3

1950
1951
195a

2li,230.7

3,671.5
3,718.5
3,768.5

13.2

23, 31*6.5

1951 -December.

22,695.5

3,7'*1.3

11*

1952 -JulJ
August.

23,350.5

3,773.3
3,777.8
3,781.2

13.9
13.9
13-9

191*5
191*6

W"*?

21,755.9

3,685.8

15.1*

3,508.1*

lU.S

3,525.7
3,571.0
3,618.3

11*

.2

13.2
12.9
lit.

13.9
.2

September

23,3Mi.l*
23,3't2.0

October.
November
December.

23,339.3
23,337.5
23,187.1

3,785."*

11*

3,789.1

11*.

3,79'*.l

11*.

22,985.8
22,662.1
22,562.H

3,797.7
3,801.0
3,802.6

11*

.

.

.
.

1953 -January...

February..
March p,,«

Source: Circulation Statement of U. S. Money; Dally Treasury Statement for
preliminary figures. For detail of silver monetary stock, see Table 1*.

p

.0

.2

lU.l*

U.l*

Preliminary.

Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)

LlabUltioa
End of calendar
year or month

Gold assets

Sold certificates 1/

20,061*.

191*5
191*6

20,529.0
22,753.9

191*7
191*8

211,21*3.9

17, 911*.
18,1*30.5
21,51*4.0

23,010.0
23,217.9

Sold reserve
against U. S.
notes, etc. 2/
156.0
156.0
156.0
156.0
156.0

Exchange
Stabilization
Fund i/
1,800.0
1,800.0

Gold In
General Fund
194.8
11*2.1*

1,053.9
1,077.9
1,053.2

191*9

21*, 1*27.1

1950
1951
1952

22,706.1
22,695.5
23,187.1

21,1*97.5

21,506.5
22,022.8

156.0
156.0
156.0

1,052.6
1,032.9
1,008.2

1952-July
August.. ..
Septoiber.

23,350.5

22, 181* .0
22, 181*.
22, 181*.

156.0
156.0
156.0

1,010.1*
l,00lt.l

23,31*2.0

23,339.3
23,337.5
23,187.1

22,176.8
22,182.3
22,022.8

156.0
156.0
156.0

1,006.5
999.2
1,008.2

22,985.8
22,662.1

21,827.1*

22,562.1*

156.0
156.0
156.0

1,002.1*

21,1*01*.

October..
NOTflDber*.

Decembar..
1953"J'aiiiiary,

.

February .
March p...

23,3l*l*.l*

Source: Clrculatlcai Stataacnt of U. S, Monoyj Dally Troaaury Stateanant for
preliminary figures,
i/ Comprises (1) gold certificates held by the public and In Federal Reserve
Ban^caj and (2) gold oertlfioate credits in (a) the gold certificate fund -

21,517.0

2/

^
p

1,001.7

989.1
1,002.3

Board of Governors, Federal Beserve System, and (b) the redemption
fund - Federal Beserve notes.
Beserve against United States notes and Treasury notes of 1890.
Excludes gold In active portion of Exchange Stabilization Fund,
Preliminary.

... .
..
,

.

Treasury Bulletin

5^

.MONETARY STATISTICS.

Table 4.- Components of Silver Monetary Stock
(In mlillone of dollars)

Sliver held In Treasury
End of calendar
year or month

Securing silver certificates l/
Silver
bullion 2/

wis

1,703.9
1,911.2
1,937.6
1,971.5
2,003.2

19'»6

Silver
dollars
356.U
3't3.i*

2,073.5
2,109.7

337.2
328.1
321.9
312.8
301.0
289.3

1952 -July
A\^uat.
September

2,095.2
2,098.5
2,101.8

295.5
293.6
292.7

October.
Hot ember.
December.
1953 -January

2, 1011.3

291.7
290.0
289.3
289.1
288.9
288.6

l?"!?

I9W
19'>9

2,01l0.7

1950
1951
1952

.

.

Febrxiajy,

March p...

2,107.1
2,109.7
2,113.3
2,116.3
2,118.3

Silver outside
Treasury

In General Fund

Bullion for
recolnage kj

Subsidiary
coin i/

Bullion
at coat 2/

Sliver
dollars l/

Subsidiary
coin

^

Total
silver
at $1.29+
per fine
ounce

137.5
150.1
156.3
165.0
171.0

a6.7

3,512.8

901.1
928.7
971.5
982.2

3,5111.2

179.8
191.3
202.5

1,022.2
1,083.1
1,158.1

3,697.1

64.5
58.1
53.8

196. It
198.3

1,119. It

199.2

l,13lt.5

3,773.3
3,777.8
3,781.2

.6

51.1

3,785.11

lt8.7

200.2
201.9
202.5
202.6
202.8
202.9

l,lli5.2

3.7
3.9
8.9
10.0

1,150.6
1,158.1
1,156.6
1,158.8
1,161.7

3,789.1

10.2
lU.O
13.1
5.9

185.6
93.1
91.1
89.3

ll.lt

9U.I1

3.6
1.7
3.9

95.1
82.0

6.6
11.9
9.2
It

lt5.3

115.3

I1I.9
itl.S

12.lt

39.1

Source: Circulation Statement of U. S. Money; Dally Treaaury Statement for
certain preliminary figures
Valued at $1.29+ per fine ounce.
1^ Includes silver held by certain agencies of the Federal Government {see
Dally Treasury Statement for amount). Does not Include silver lendleaaed to foreign govemmonta (these traneactlona all took place during
the fiscal years 19lt2 through 19I16; see 19lt6 Annual Report of the

2/
hj

p

Secretary of the Treasury
Valued at $1.38+ per fine
Valued at $1.38+ per fine
to whether the bullion le
coins or for recolnage of
Preliminary.
Less than $50 thousand.

1,125.1

3,5^7.9
3,595.7
3,6lt3.1
3,7ltl.3

3,7911.1

3,7911.1

3,797.7
3,801.0
3,802.6

for amounts).
ounce.
ounce or at $1.29+ per fine ounce according
held for recolnage of subsidiary silver
standard silver dollars,

Table 5.- Silver Production In the United States and Acquisitions by Mints and Assay Offices

Jj

(In milllonR of ounces or dollars)

Calendar year
or month

29.0
21.1
38.6
39.2

WliS
19116

Silver acquisitions by mints and assay offices

Silver
production In
United States

Newly mined domestic
silver 2/

li.li

y
36.8

27.lt It/

3I1.9

33.0

29.9

li2.3

ltl.3

37.11

39.9 r
iio.a

36.1
Ul.2

32.7
37.3

August...
September,

3.3
2.3
3.2

3.8
3.5
2.6

October...
NoTonber..
December.

3.7
3.0
3.1

3.3
2.9
3.9

3.1

2.8
2.6

1950
1951
1952
1952 -July

1953-Jariuary..,

Februnry .

Source:

Annual figures from the Bureau of the Mint.

Monthly figures on

U. S. silver jareduction from releases of the American Bureau of Metal

2/

.6

.9
I1.9

30.3

19117
19118
19lt9

1/

Foreign silver i/

Statistics; these WILL not agree with the annual figures.
For Information on silTer production in other countries, see annual
reports of the Director of the Mint. Data from 1933 through 19ltl are
aiamnarlted In the "Treasury Bulletin" for August 191+3, page 7I+.
Acquired at 71.11 cents per fine ounce from July 1, 1939 to July 2, 19116;

33.3

^
It/

r

and at 90.5 centa per fine ounce since July 2, 19I16.
No foreign silver has been purchased under the Silver Purchase Act
of 193I1 since May 19lt2.
Includes 0.2 million ounces valued at 71.11 cents per fine ounce
totaling $0.2 million, and 30.I milllan ounces valued at 90,5 centa
per fine ounce totaling $27.2 million.
Rerleed.

.

Mail

mj

55

.MOHETAEY STATISTICS

Table 6.- Seigniorage on Sliver
(CunmlatlTO frcm January

1,

1935

-

In mllllona of dollars)

Treasury Bulletin

56

-EXCHANGE STABILIZATION FUND.

Table 1.- Balance Sheet 88 of June 30, 1952, and December 31, 1952

May

mj

57

.EXCEAMGE STABILIZATION FUMD.

Table 2.- Income and Expense

January 31, 193U, through
June 30, 1952

ClaaBlfloation

January 31, 193I1, through
December 31, 1952

Inoomal

Prof ItB on BrltlBh eterlljig traneactlons

$310,638.09

Prof Ita on French franc tranaactlons
Proflta on gold bullion (Including profits from handlUig charges on gold)
Profits on other gold and exchange transaotlona

Profits on silver transaotloos

,

,

Proflta on sale of ellrer bullion to Treasury (natlonalllad)
Profits on Inveataenta

Interest on loresteenta
Miscellaneous profits

»310,638.09

351,527.60

351,527.60

53,883,358.93

54,630,988.18

40,000,000.00

1(0,000,000.00

102,735.27

102,735.27

3, It 73, 362 .29

3,473,362.29

1,876,790.55

1,876,790.55

8,198,066.89

8,450,014.81

86l,5l»6.95

861,546.95

Interest earned on foreign balances

2,849,683.19

2,849,683.19

Interest earned on Chinese yiian

1,975,317.07

1,975,317.07

U3,883, 026.83

114,882,604.00

Total IncoHa

Expense:

Personal services

8,753,788.26

9,427,080.75

Travel

lil»5,0li6.91

477,128.94

Transportation of things

671,1113.57

683,003.56

557,523.13

566,395.28

Coioiaunloatlons ....»

Supplies and naterlals

Other
Total expense

Net Incone

....,,,

,

99,193.91'

102,280.83

1, SOU, 1407.33

1,357,845.08

U,831,373.1't

12,613,734.44

102,051,653.69

102,268,869.56

Treasury Bulletin

58

CAPITAL MOVBffiHTS.
Data relating to claims on foreigners and liabili-

ties to foreigners,

and capital irovements between the

United States and foreign countries, have been

the data for January 1950-

Attention la called to the

fact that although the grand tottil figures on the revised

collected

reporting basis are reasonably comparable with those for

since 1935i pursuant to Executive Order 656O of January I5,

preceding months, data for individual countries in some

Treasury regulations thereunder. Information
covering the principal types of data and the principal

coverage and geographical classification.

193''^i

an<3

instances are not comparable because of certain changes in

countries is reported each month by banks and bankers and
securities brokers and dealers in the United States.

This

The supplementary information, contained In Section IV,

Infermatlon Is published regularly In the 'Treasury

is presented in three tables appearing at different times.

Bulletin".

Supplementary information la published at less

frequent Intervals.

All reports are made initially to the

Table 1 gives data by countries on short-term claims on and
liabilities to foreigners as reported quarterly by exporters,

Federal Reserve Banks, which forward consolidated figures

Importers, and Industrial and commercial concerns In the

to the Treasury.

United States. This Information was published for the first
time in the October 19^9 Issue of the "Treasury Bulletin"

States

and begins with data for September 30, 191*^6. Table 2
supplies information by countries on long-term claims on

citizens) domiciled outside the United States, as well as

and liabilities to foreigners as reported by banks and

International organizations, wherever domiciled, created by

bankers in the United States.

treaty or convention between sovereign states. "Short-term"

first time in the December 19^9 issue.

refers to original maturities of one year or less, and

end of the calendar year beginning with

The term "foreigners" as used In these reports covers
all institutions and individuals (Including United

"long-term" refers to all other maturities.

A detallad

This table appeared for the

Data are for the
191*2.

Table 3

gives Information on short-term liabilities to countries

basis of reporting,

not regularly reported separately by banks and bankers.

and derivation of capital movements figures appeared In
the April 1950 issue of the "Treasury Bulletin", pages 50-52.

This table appeared for the first time in the April 1950
Issue. The data have been requested at Irregular intervals,

Revised report forme and regulations became effective vlth

the earliest date being October 191+3.

discussion of the reporting coverage,

Section

I

-

Summary by Periods

Table 1.- Net Capital Movement between the United States and Foreign Countries
(In thouflande of dollars;

nsgatlTe flgurea Indicate a net outflow of capital from the United States)
Analysis of net capital movement In;

Calendar year or month

Ret capital
morenent

Short-term
banking funds

Brokerage
balances

Transactions

.
.

May

.

W

.

mj

59

.CAPITAL MDVIMEIITS.

Section

1

by Periods

- Sumniary

Table 2.- Short-Term Claims on and Liabilities to Foreigners
(PoBitlon at end of period In thouBanda of dollars)

Short-term liabilities to foreigners

Short-tenn claljnB on foreignere
End of calendar
year or aumth

Fajable
In
foreign
currencies

Payable In dollara

In

21*6,673

30,916

72,01*8

191*3*

257,929

3l*,387

86,378

11*3,709
137,161*

19W»

329,691*

51*,

603

105,1*21

169,670

191*5
19l»6

392,766
708,253

1*7,1*^

100,267
319,639

21*5,010
290,1*95

19117
191*8

91*8,936

165,1*39

1*90,631

1,018,700

100,371

191*9

827,851*

1950
1951
1952

897,966

110,801*
21*0,583

292,866
361,197
222,719
151,115

968,1*43
1,01*8,722

91,808

177,21*6

557,132
331
506,268
699,389

78,361*

122,866

81*7,1*92

1952 -July
August ....
September.

1,026,209
1,066,320
1,023,375

61*, 913

126,821

83U,U75

7l*,l*27

11*9,1*38

81*2,1*55

70 ,206

139,718

U9

1,018,652
1,021,120

71*, 682

IIoTember..

December..

1,01*8,722

78,361*

1953 -January p.
February p

1,036,006

82,672
68,709

October...

1,033,31*1*

66,290

1*91*,

813,1*51

foreign
currencies

ities

,91*6,621*

693, 911

1,71*5,722

21,61*1
25,51*6
1*0,629

It, 809, 21*5

2,257,510

1*9,661*

6,l67,lt83

7,717,960
7,617,959
8, 61*1*, 775 1/
9,302,200
10,533,715

5,209,820
5,073,586
5,503,872 1/
5,382,062

2,1*37,751

6,699,260
6,790,105

5,826,61*5

It,

70,389
51,039
1*1*, 911
72,226
61,371

10,356,210 r
10,526,357 r
10,706,785 r

5,752,22lt

l|,52lt,598
It,

5,831,960

It,

670, 187 r
809, 166 r

79,388
62,086
65,659

9,330,001 r

5,79lt,081t

9,568,913 r
9,656,932 r

3,523,328

5,596,775
6,883,068

l|,

6,1*80,262

It,

7,116,1*19

l»,13l*,l*12

1*

356, 501

13,893
17,911

2,1*93,331*

3,095,992 1/
3,81*7,912
61*5, 699

r

122,178
119,662
122,866

821,792
835,168

10,587,565 r
10,678,052 r
10,533,715

5,71*8,925

It,

771*, 188

r

5,935,119

It,

679, 138 r

3li7,l*92

5,326,61*5

It,61t5,699

63,795
61,371

115,639

837,695
829,895

10,1*79,056
10,370,881*

5,722,090

It,

701*, 31*6

5,635,71*2

1*,

682, 020

131*, 71*0

Bet
short-term
liabil-

668,168
1,222,580
1,218.633
1,910,

1*,205,389
5,3711,903

61t,li52

Beginning 1950, includes certain deposit balances and other aseeta which
are held In specific trust accounts but vhlch previously had been excluded
from reported liabilities

1/

Payable

Deposits
of
foreigners

Loans to
foreign
banks

19lta

98,

Payable in dollars

p

r

52,620
53,122

3,958,716
5,U6,97lt
5,267,081
6,1*90,302

5,772,009

7,71*6,809 1/

8,333,757
9,l*8l*,993

9,1*60,037 r
9,683,1*10 r

9,1*814,993

9,1*43,050
9,337,51*0

Preliminary,
Revised,

Table 3.- Net Movement of Short-Term Banking Funds
(In thousands of dollars; negative figurea indicate a net outflow of capital from the United States)

Short-term liabilities

Short-term claims
Calendar year
or month

Payable
In

foreign
currencies

1935-1*1

1942
1943
1944
1945

1946
1947
1948
1949
1950

banlcB

7,U4

-219,372
26,773
-68,331
138,478
65,483

-45,485
-200,136
-66,501
62,801
-11,937

-418,422
636,207
601,541
-100,001
1,026,816 1/

-268,854
115,384
400,575
-136,234
430,286 1/

657,425
1,231,515

-121,810
444,583

-315,1*87

-76,233

-50,630
-67,320
65,068
-10,433
-129,779

1951
1952

-70,477
-80,279

148,775
13,444

-26,131
54,380

-193,121
-148,103

1952 -July
August
September.

3,394
-40,111
42,945

8,463
-9,514
4,221

9,832
-22,617
9,720

-14,901
-7,980
29,004

October. .
November,.
December..

4,723
-2,468
-27,602

-4,476
8,392
-12,074

17,540
2,516
-3,204

-8,341
-13,376
-12,324

190,81*6

.

12,716 r
2.662

1953 -January p.

February p.

i/

See Table

2,

footnote 1

-4,308 r
13,963

7,227
-19,101

9,797 r
7,800

3,034,615
485,870
1,179,314
220,359
1,279,375

2,806,001
105,607
620,884
220,576
583,205

422,711
60,899
6,545
-32,506
-75,340

307,187
15,933
-3,471
-20,216

315,096 r
170,147
180,428

34,303
41,860
37,876

Payable
In

Deposits
of
foreigners

Loans to
foreign

6,409
20,671
-14,330
-19,043
5,154

736,307
97,503
-11,256
-71,765
-63,072
-240,683
-69,764

Payable in dollars

Payable In dollara

foreign
currencies

266,156
385,365
554,412
-3,947
692,265

-37,542
-5,102

Net movement of
short-term
banking
funds

4,018
3,730
3,905

3,770,922
583,373
1,168,058
148,594
1,216,303

15,083
9,035
20,725
-19,350
-6,128

-733,909
395,524
531,777
90,845
950,583

751,920
797,787

27,315
-10,855

586,948
1,151,236

285,937 r
145,589
138,979

-5,144
-17,302
3,573

318,490
130,036
223,373

-164,651
511,788
180, 241
55,583
602,658 1/

-ll*l*,337

-83,035
186,194
-108,474

-34,978
-95,050
-33,439

-1,207
-657
-2,424

-114,497
88,019
-171,939

-54,659 r
-108,172

-104,555 r
-86,348

58,647 r
-22,326

-8,751
502

-41,943
-105,510

-119,220
90,487

Preliminary.
Revised.

,

:

:

.

60

Treasury BulJetLi
.CAPITAL MOVBffiMTS

Section I - Summary by Periods
Table 4.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In thousandB of doUare; negative figurea Indicate a net outflow of capital from the United States)

.

May

IW

61

.CAPITAL MDVBfflBTS.

Section

II

- SaiRnary by

Countries

Table !.- Net Movement of Capital and of Short-Term Banking Funds
(In thousands of loXlars; negative figures Indicate a net outflow of capital from the United States)

Frelljiiinai?.

Revised

62

Treasury Bulletin
.CAPITAL MOVEMENTS,

Section II

-

Summary by Countries

Table 2.- Net Movement In Brokerage Balances and Long-Tenn Security Transactions by Foreigners
(Ql tbouasiilB of dollars; negatlTs flsuree Indicate a net outflow of capital frcm the United States or net sales by foreigners]

.

May

mJ

63

.CAPITAL MOVBOMTS.

Section II - Sunraary by Countries
Table 3.- Short-Term Claims on and Liabilities to Foreigners
(Position at end of month in thousands of dollars)
ClaijiiB

CoimtiT'

on foreigners
1953

October
Europe:
Austria

Liabilities to foreigners

1952

,,,

Belglisn

l,00li
13,2ll-9

1,022
17,731

839
16,203

5

5

3

2,83lt

3,308
U,000

CzechoaloTald.a

Denmark
Finland

3,813

Prance
Germany •••• •.*.•.•.•.
Greece
Italy
Netherlands

9,''30

7,557

27,990

25,1*13

192
16,390

218

2,739
1,670
30
508

NiSrvray

Poland
Portugal
Rumania
Spain

•

Sveden
Svltzerland

January p

17,213
k,kkh

1,797
31

2,084
5,599

158
15,863
2
4,312

31,883
26,823
213
17,781
4,394

28,621
24,052
225
22,931
6,358

8,803
27,338
l4o
20,213
6,194

348,422
534,258
41,179
305,716

1,923

1,690
35
475

1,671
30
588
5
5,7S6

30
530

603

4,428

1953

Nov ember

a, 873

januaiy p

February p

94,889
125,033
577
63,705
32,851

96,250
131,038

69,912
26,654

91,144
123,906
568
70,410
28,516

3a, 322

337,342
544,691
42,781
326,183
343,148

342,581
551,116
47,299
308,874
203,050

249,544
531,451
50,666
310,517
209,405

253,358
552,208
53,783
276,495
220,002

109,603
3,630
46,723
6,048
24,424

109,355
1,818
49,908
6,123
21,365

110,337
3,448
57,392
6,098
19,202

106,774
2,254
47,805
6,111
20,192

116,912
4,466
52,396
6,061
18,989

82,757
624,001
4,803
890,105r
13,021
45,250

a, 506
627,728
2,062
976,320r
13,363
45,003

90,986
641,756
1,679
815,61a
12,020
45,199

86,836
610,270
3,503

12,100
44,234

93,304
605,866
3,421
751,294
9,680
45,313

3,760, 513r

3,853, 83ar

3,571,193

3,493,109

3,380,637

77,672
131,798
545
59,559
26,687

140,168
535

540

60,667
28,594

5

5

5

11,835

11,171

9,3a

3,336
7,950

3,033
9,183

2,546
7,147

2,567
13,499

35,822

33,755
7,865
5,786

30,329
8,562
5,376

32,529
7,795
6,994

2,214
13,121
293
35,316
3,880
6,277

804

173,441

186,356

156,572

73,661

73,837

62,334

56,265

57,486

1,373,306

1,356,457

1,415,894

1,432,065

1,375,232

8,111
6,216
356,222

7,409
6,454
353,150
23,374
36,448

7,187
10,703
383,101
19,308
36,795

131,856
18,719
72,336
62,423
87,911

146,194
16,568
78,208
69,225
96,444

138,821*

131,748
18,945
71,860
75,687

145,454
20,155

35l',l'57

23,532

30,694
2,301
4,852
94,552

285,708
43,313
32,228
232,116

2a, 158
43,456
33,157
251,049

151,375

Canada , ..•..•....•.•..

October

6
12,566

8,01*7
3,79't

Total Europe

February p

334
16,233
1
3,540
5,088

U. S. S. E

United Kingdom
Yugoslavia
Other Europe

1952

151*,

8a, 392

Latin Jjnerlca:
Argentina
Bolivia
Brazil
Chile

18,2a
851

9,273
6,0lU

5,840
356,424

20,532
36,018

26,3a

30,61(1

32,489
1,636
4,242
88,552

Colcnibia

31*,

Cuba
Dominican Republic ....
Guatemala. ............
Mexico
Netherlands West Indies
and Surliiam. .........

36,129
1,605
3,169
88,393
1,170

1,285

Peru
Republic of Panama. . .
El Salvador
Uruguay
Venezuela. ............
Other Latin Ansrlca. .

11,671
7,1^0
lit, 303
33,109
13,850

13,216
4,178
8,995
12,933
35,592
13,160

Total Latin AnErrlca...

638,586

2,639
7,U50

1,694
3,524
90,330

41,672

1,7a
4,380
94,153

24,453
72,542
79,297
118,156

82,

as

U3,354

82,402
126,485

301,218
44,214
34,313
231,153

275,938
43,528
38,530
239,283

279,625
42,778
41,216
213,150

1,349

1,417

39,541

41,923

44,312

44,469

45,371

a?

6,544
9,137
14,341
36,653
13,669

15,670
8,676
8,470
14,017
34,220
14,310

i7,iaa
4,980
6,749
9,239
33,009
14,096

62,005
81,051
21,595
94,842
141,576
113,431

66,995
82,430
19,892
92,821
126,187
112,469

60,944
80,835
25,557
94,127
145,506
112,180

57.005
88,204
40,127
94,217
124,286
124,508

61,854
90,404
44,161
97,108
103,880
134,405

641,842

661,967

647,464

676,600

1,520,651

1,561,176

1,607,631

1,581,689

1,611,296

2,632
7,478
1,219
4,281
854

2,658

2,658
7,174
2,432
3,264
588

37,878
45,463
70,192
54,140
64,928

37,363
42,922
70,650
55,024
60,023

38;2a

862
3,503
875

2,639
7,46o
1,272
3,665
718

38,150
70,920
64,579
61,029

37,432
36,096
71,987
70,200
58,016

37,290
35,461
71,434
75,064
60,649

10,060
18,690
12,532
6,hhl
3,367

10,230
17,424
12,243
2,995
4,048

10,225
15,116
12,544
7,581
3,288

10,175
25,850
11,508
10,694
2,613

10,154

15,588
11,592
3,031

20,070
27,874
767,455
321,805
166,589

18,862
19,257
789,122
315,099
176,515

19,219
18,766
807,999
315,056
181,023

16,544
26,230
821,561
305,698
186,743

16,360
21,648
863,141
313,685
190,420

51,010
15,303

47,448
17,723

38,765
24,589

26,668
21,629

21,202
21,241

9,669
195,826

10,978
217,092

8,441
221,491

10,162
210,743

8,605
206,712

132,782

127,865

128,572

125,865

124,013

1,781,889

1,812,907

1,844,957

1,851,412

1,900,469

8,677

10,026
6,527

10,077
6,035

9,229
6,974

6,432

50,060
96,585

48,374
105,238

47,218
118,561

51,087
117,828

52,295
119,467

524
1,995
3,777
22,408

959
2,486
4,412

2,080
2,774

72,l4o
13,301
89,430

59,722
23,5&r
86,520

58,427
36,323
90,064

55,057
38,058
93,213

24,056

18,673

321,516

61,975
23,018
89,507
32B,112

"•,363

14,

Asia:

China Mainland ........
Formosa
Hong Eong
India
Indones la.............
Iran
Israel
Japan
,
Philippines
Thailand
Turkey
Other Asia.
Total Asia

,

,

,

,

,

,

Other countries:
Australia
"Belgian Congo
E^ypt and AngloEgyptian Sudan
Ifeiion of South Africa.
Other
,

Total other countries.

6,71*2

522

74

2,338
3,965

2,562
3,583

22,21(4

22,772

7,722
1,935
3,606
807

25,0^

6,5a
803

International

Grand total

p

r

Preliminary,
Eerlsed,

1,018,652

1,021,120

1,048,722

1,036,006

1,033,344

335,608

353,729

3557090

1,745,160

10,370,8a

1,829,690

1,765,562

1,758,432

1,767,052

10,587, 565r

10,678,052r

10,533,715

10,479,056

Treasury Bulletin

61+

.CAPITAL MOVEMENTS.

Section II - Summary by Countries
Table 4.- Foreign Debit and Credit Balances In Brokerage Accounts

May

mj

65

.CAPITAL MOVIMENTS.

Section III

-

Details for Month of Decenber 1052

Table 1.- ^ort-Term Claims on Foreigners
(Position at end of month In thousands of dollars)

66

Treasury Bulletin
.CAPITAL MOVEMEHTS.

Section III - Details for Month of Deceaber 1052
Table 2.- Short-Term Liabilities to Foreigners
(Foflltlon at end of SKmtii lu t^ouflemds of dolXaxfi)

May

mj

67

.CAPITAL HOYIMEIITS.

Section III - Details for Month of December 1052
Table 3.- Parehases and Sales of Long-Term Securities by Foreigners
(In thouaazila of dollArs)

Treasury Bulletin
.CAPITAL MOVEMENTS.

Section III A

-

Preliminary Details for Month of February 1953

Table 1.- Short-Term Claims on Foreigners

.

Aiai;

,

i9jj

69

.CAPITAL MOVJMEMTS.

Section III A

- Preliminary Details for Month of February
1053
Table 2.- Short-Term Liabilities to Foreigners
(Pooltion at and of month In thousaale of doIlaxB)

Total
ahorttexm

Cotaxtary

Short-teim llabllltleo pajaW-o In dollars

To foreign

baolos and

llaiUitiee

Deposits

Short-tem llabllltlee payable In fco-eign currencies

official Inatltutioils

To all other foreigners

U.S. Treasury hills
and certificates

Total

Deposits

To foreign
banks **^^
official
Institutions

U.S. Treasury hills
and certificates

guropei

Auabrla
Belgium
Czechoe lovakla
Denmark
Flnlani

96,250
131,038
5*0
60,667
28,59*

95,108
73,385
170
52,686
26,319

49,042
44,323
164
16,556
21,834

Franoe

253,358
552,208
53,783
220,002

191,111
549,389
45,370
246,795
201,123

116,912
lt,W6
52,396
6,061
18,989
93,304
605,866

Crarmacy

Greece
Italy

276,1.95

HetherlaxidB .

. . .

Kcarvay

.,,,

Poland

,

Partxigal

Humaaia
Spain

,

«,
,

Sveden
Svltzerlaod....

35,575

555
4,485

159,511
227,984
25,174
120,936
75,884

20,687
275,000
20,000
102,126
119,215

10,913
46,405
196
23,733
6,024

61,087
2,756
8,411
29,686
18,833

54,405
2,679
6,257
19,942
16,692

89,227
1,874
35,275
4,712
10,260

26,660
1,874
34,817
4,712
9,961

56,054

6,513

410

25,822
2,590
17,116
1,340

763

48

27,682
2,592
17,116
1,340
8,727

8,6U

105

11

48,440
273,574
2,981
274,489
7,Sl4
25,277

20,125
98,054

7,175
126,915
274
267,609

6,718
92,776
273
164,823

455
5,029

2

46

29,110

1,282

1

102,313

473

704
11,573

704
10,396

523

654

l4l
31,788
213
19

46
1,183
141
31,689
213
19

tfalted KlUQdom.

751,29'>

TugoelaTia
Other Surope...

9,680
45,313

Total Europe.

3,'.21

42,866
26,868

i,i4a
57,080
370
7,759
2,275

86,083
477,669
3,006
451,897
8,763
33,721

U. S. S. R

3,200
2,194

6

299
17,518
106, 04l

6,852

25
9,308
1,149
1,592

168,100

1,132
47,477

10
3,270

6,333

573

566

693

l4o

222

222

3,798

2,884
34
104
410
12

1,160
63
2
14
46

1,141
63

2,050
9,334
2,129

1,097

To
others

370

6,926
2,275

43

19
2

14
44

2

3

2
5

5

9
2

2

99
99

3,380,637

2,683,943

1,451,807

927,230

304,906

661,106

489,324

130,515

41,267

35,588

35,351

237

1,375,232

1,120,901

327,443

774,152

19,306

240,164

157,658

81,325

1,181

14,167

13,928

239

145,454
20,155
82,848
82,402
126,485

105,144
9,300
32,197
51,962
90,064
114,862
27,561
12,292
126,648

459

2,876
8
;2,914
258

36,792
10,811
37,376
30,130
35,483
62,214
14,669
17,628
77,446

20
23
273

15

28

763
9,741
500
3,600
1,772

36,932
10,847
37,683
30,181
35,653
63,022
14,717
18,024
84,494

120
13

279,625
42,778
41,216
213,150

108,479
9,308
45,111
52,220
90,827
216,603
28,061
23,192
128,420

45,371

36,167

19,655

13,725

2,787

9,204

23,561
29,474
32,517
37,749
55,804
99,706

23,291
29,386
6,112
31,956
55,530
77,914

26,000
453

Other Latin Aiaarlca.

61,854
90,4o4
44,161
97,108
103,880
134,405

2,366

270
88
405
5,340
274
19,426

Total Latlii Amerloa.

l,6u,296

1,017,199

813,874

142,303

37,290
35,461
71,434
75,064
60,649

28,370
29,581
31,299
71,034
59,229

27,740
29,571
30,675
25,735
45,079

16,360
21,648
863,141
313,685
190,420

9,050
18,428
847,120
293,381
186,269

Other Asia.

8,605
206,712

Total Asia.

Canada

Latin Anerlca:
Argentina
Bolivia
Brazil

ChUe

34

4

54
1

3

5

47
167
322
48
295

486

9,078

50

76

38,290
60,930
11,644
59,310
47,759
34,569

35,58a
46,526
11,635
50,940
44,498
33,265

129
8,433
9
175
2,940
1,269

2,579
5,971

61,022

593,259

554,073

21,039

630
10
424
1,389
1,175

8,920
5,880
40,064
3,725
1,418

8,4l8
5,880
39,931
3,725
l,4l8

502

200
43,910
12,975

8,920
I8,4l4
823,379
279,488
9,803

22,314
6,055
176,097

130
14
1,427
7,838
369

7,310
3,220
16,021
20,246
4,151

7,310
2,527
16,020
20,196
4,151

4,282
1T4.243

4,262
141,497

20
6.737

4,323
32.061

4,323

26.009

1,900,469

1,752.286

1,444,563

287,560

20,163

147.339

145.479

Australia
Belgian Cccgo
ley^t and AngloEe^'Ptlan Sudan
Uhlon of South Africa.
Other

52,295
119,467

48,621
118,554

19,621
16,557

27,650
87,225

1,350
14,772

2,727
910

2,727
546

55,057
38,058
93,213

51,049
33,1^2
68,900

17,428
9,214
59,541

33,600
23,900
860

21
8
8,499

4,002
4,499
24,021

4,001
4,493
21,191

Total other ooun tries,

358,090

122,361

173,235

24,650

36,159

1,745,160

96,202

l,609,6lS

39,340

4,256,250

3,914,098

469,387

1,678,027

Colimbia
Cuba
DoBlnloaD Bepubllo
Guato&ala
•••.•••
Mexico
HetherlandB West Indies
and Surinam. ...••...•

Peru
Bopubllo of Panama..
SI SalTsdor
Uruguaj

Tmezuela

Chljia Mainland.
Fona^ea
Bong Eong
India
Indonaala

Inm
larasl
Jajac
Fhlllpplnsa....
Thailand
Turl£97

92,000
7,300

28

101
60

236

16

8,195
321
35

49
317
130

317
130

18,147

838

545

105

71
305
2

71
305

58

58

4

45

293

2

693
50

60

421

4o8

4o8

1.333

527

844

844

947

947

Other countries:

IntomatloD&l
Oraod total.

10,370,884

8,639,735

364

3

3

1
1
2,072

6

6

437
292

436
278

14

32,958

2,436

1,685

1,670

15

1,379,492

63,560

53,1£2

52,336

784

5

758

1

ireasury nulletin

70

CAPITAL UOVEIIENTS
Section III A

-

Preliminary Details for Month of February 1953

Table 3.- Purchases and Sales of Long-Term Securities by Foreigners
(In thousande of dollars)

Mail 195J

71

.COEPOEATIOKS AHD CERTAIH OTHER BUSIKESS-TTPE ACTIVITIES.
Data relating to corporations In which the United
States Oovernraent has a proprietary Interest, direct or
Indirect, and to certain other business-type activities of

the United States Government are presented In four tables.

Tables

3 and 4, In this Issue of the "Treasury Bulletin",
are compiled from reports of the agencies, adjusted by the

Treasury Department. Tor Tables 1 and 2, giving loan and
balance sheet data, see the April 195'; Issue.

Table 3.- Income and Expense for the Six Months E^ded December 31, 1052
(In thouaands of doUare)

:

Treasury Bulletin

72

-CORPORATIONS AND CKRTAIN OTHKR BUSINESS-TYPE ACTIVITIES.

Table 3*- Income and Expense for the Six Months Ended December 31

»

1052

(Continued)

(Id thoueandfl of dollars)

(Continued)
Reconstruction Finance
Corporation
Public
Aseete
Housing Regular
TeimesBee
Defenae
held for
Admlnle- lending
Production VsOley
the U. S.
tratlon activities
Act of 1950 Authority
Treasury
2/

Corporatlona

Federal
interned late

credit
baokB

Federal
Hatianal
Mortgage
Association

Federal
Savings
and Loan
Insurance
Corporation

Production
credit
corporations

-

^

Incomfl:

Sale of coimodltles and oupplles,.,,.
Sale of flsrvicee
Eenta and royalties
•>•
,.,,
Interest and dividends:
Interest on loans
Interest on public debt obligations
Interest , other
Dividends
Guaranty and insurance prentiums .••••.•.•.••.•
Other income:
Gains on sale of fixed assets
Gains on sale of investnenta,
Gains on sale of acquired security or
collateral ..,
.,,..

Other

283,768

11,679
639
11

12,31*5

9,268

1(2,630
2,1*55

266

1*,232

1,827

32,1*53

531

138

376
705

1,291

It06

578

6,312

«

87

1,065

31*2

185

1*3, 31*7

8,768

618

11,532

ll*,283

289,1(76

56,1*31*

252,139

7,51*7
1*5,555

17

Total incooe

9,221
1*6,155

1,198

33

791

)ense;

Cost of connaodities and supplies sold
Direct operating costs
Interest arpense:
On borrowings fron the U. S, Treaavry
Other
Administrative expoises
Depreciation (not included in cost of sales
or direct operatijig costs]
Grants, subBidles, and oontributlona
Direct
Ind Irec t

291*

8776/
9,267
777

20,912
1,829

213

703

1

7,281

1,772
1,133

1*,000

5,81*7

1,71*3

1,062

335

306

1,056

1,690

1,383
-27

9,965

,

Guaranty and insuraoce loeses
Other expenses
Loeses and charge-offs:
Loans charged off
Other assets charged off
Loseee on sale of fired assets
Losses on sale of inrestiilents
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*

171

5,207

136

107

931*

198

5,564

95

3,11*6

2,121*

1

1,851
76

2,362

10,217

27,952

1,227

885

2l>,l67

8,951

265,756

2,129

15,396

7,51*1

-267

-12,635

5,332

23,720

59,021
-2,587 1/

Adjustoants of valuation and operating raeerves:
Beservfl for losses
Beserve for losses
collateral
Beserve for losses
Beserve for losses
Operating reserves
Other reserves

on fixed assets
on ooanmodltlee and supplies

Bet adjustssent of valuatlcn and cparating
reserves
Nat liucne, or loss (-)

-611

-1,1(65

on loans
on acquired aeourlty or
-58

-53

-132
-287

-1*19

-1,1*65

6,078

-6U

-267

-13,051*

3,866

29,798

-215

15,611*

-112,61*9

r 250,000

-337,639

-1,168

-267

-13,051*

3,866

29,798

-215

153

-11

-125,550

253,855

-307,81(1

-1,382

-58

2,071

15,396

28,205

31,81*8

2,071

15,396

7,51*1

6,131

-2,587 1/

Changae in unreseored aamad surplus or deficit:

UBreserved earned surplus, or deficit (-),
June 30, 1952
Ket Inoame, or loss (-}, for the six months
ended Decambar 31, 19?S
Transfers to surplus reserves
Transfers flxBL surplus reserves
Dlatribution of profits:
To Qanaral Fund - deposit of earnings
Dividends
Other
Prior year ad^usisneoits
Unreserved earned surplus, or deficit (-),
Deooaber 31, 19^
7oot3iotee at end of Table U.

7,51*1

67,263
-2,587 1/

31,710
*
30,275

15,533

7,51*1

15,31*7

(Continued co follovlng page)

a, 676

,

May

mj
.COBPORAinONS AND CERTAIN OTHER BUSIWESS-TTPE ACTiViTIES,

Table 3.- Income and Expense for the Six Months Bnded December 31 » 1052
(In

thoxiflandfl

(Continued)

of dollara)

Certain other buelneee-type actirltlee
Total
certain
other
bus iness
type

Farmere'
Home
Admlnlatration

actlTltiee 8/
Income:
Sale of coranodltles and supplies
Sale of serrlcea
Rents and royalties
Interest and dividends:
Interest on loans
Interest an public debt obllgatlcois
Interest, oth^r
Dividends
Guaranty end insurance prOTil\naB
.,
Other Inccme:
Gains on sale of fixed assets
Gains on sale of invee'tai&nts
Gains on sale of acquired security or collateral.

31^,269

79

222,370
3,706
2,095
5^,057
55,801

11,673

Coet of conimodltles and aupplles sold
Direct operating costs
Interest expanse:
On boirowlnga frcm the U, S. Treasuiy
Other
Administrative expenses
Depreciation (not Included in cost of sales
or direct operating costs)
Grants, subsidies, and contributions:
Dixect
Indirect
Guaranty and insurance losses
Other expenses
Loseea and charge-offs:
Loans charged off
Other assets charged off
Losses on sale of fixed assets...
Losses on sale of inves'tzDenta
Losses on sale of acquired security or collateral,
Direct charges to operating reserves
Other

26

,

329

1*97,275

12,160

Total expense

Net

inccane, or loss {-), before adjustanant of
Talxiatlon and operating reserves

Adjustaernts of valuation and operating reserves:

on loans
on acqulrod securltgr or
on fixed asseta
on cconmodities and supplies

Net adjustanent of valuation and operating resarrae.,
or lose (-)

Changes In uareeexrved eaznad surplus or deficit:

Tbreearred earned surplus, or deficit {-),
June 30, 1952
Bet inccoie, or loea {-), for the six months esided
DectiBiber 3I, 1952
T^ransfars to surplus reeerves...
Taransfers from surplus reaervee . •
Distribution of profits:
To General Fund - deposit of aaxnlngs
DlTldendB
Other
Prior year adJustDLecte
•
Uireserved earned surplus, or deficit (-),
Decaiher 3I, 1952
7ootiiot«e at end of Table h.

Mmlnlatratlon

Office of
Bousing and
Home
Finance
Administrator 2/

Public
Housing
Admlnletratlon

,

,

•

16,859
32,93^
261

81*7

1*0,1+11*

11*, 681*

718

9,732
6,lt49

1*0,855

9

3,69U
1,13^
1
52,37^

107

33,179

676

31*7

5

79

110,31+8

12,127

1

UO

7,356
1,U26

707

51*6

12

Expeaise:

inccons,

Federal
Houslne

Rural
Electrification
Administration

1,01U

Total Inccms

Ket

.

U5,179

Other

Besarve for loseoe
Reserve for losses
collateral
Reserve for losses
Reaerve for loseae
Operating reserves
Other reserves

Diaaater
Loans , etc
RevolTlng
Fund (Farmers'
HoDa Mjulniatratlon)

68

1+3

550

57,213

910

33,51+6

18,7^1

Treasury Bulletin

7^
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.

Table 4.- Source and Application of Funds for the Six Months Ended December 31, 1952
(In thousands of dollars)

May

m?

75
.

COEPORATIONS AMD CKRTAIN OTHEK BUSHTESS-TYPE ACTIVITIES.

Table 4.- Source and Application of Funds for the Six Months Ended December 31, 1052 - (Continued)
(In thouoaodB of dollars)

Treasury Bulletin

76

.COEPOBATIOHS AKD CERTAIN OTHER BUSINESS-TTPE AJi lVXTliaS.
'

Table 4.

-

Source and Application of Funds for the Six Months
(In thonamds of dollaiB)

EMed December

31,

1952

-

(Continued)

,

May

mj

11

-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACnVITIES-

Footnotes for Tables 3 and 4
l/
2/

i/
k/

5/

6/
2/

8/

2/

Includes $1,000 thousand Intereat accrued an capital stock,
Bepresante actlTltlee imdar the U. S. Housing Act as aaemded.
War houfllns and other operatlcne of Uie AdmlalBtratlan are ehown
under "Certain other businese-type activities",
Includes meTSod wax affiliatea; excludes War Damage Corporatian (In
liquidation), which Is Included under "Other" corporations.
BepresontQ accounts held for the Treasury In accordance vlth prorlalons of act of Jme 30, 19l*8 (62 Stat, 1187-1188), which prorldod
for cancellation of B, F, C, notes In the amount of $9,313>736 thousand, plus Interest accrued thereon subseqxient to Juno 30, 19^7,
repreSKitlng unrecovered costs to the Corporation aa of June 30, 19^7j
In Its national defense, war, and recanrerslon actlritlee, and stipulated that any amounts recovered hy the Corporation with i-espect to
these actlvltloe subsequent to June 30, 19^7, should, after deduction
of related eipensea, be deposited In the U. S. Treasury as mlacellaneouB receipts. Fieuree for source and appllcatlcm of funds are
shown on a net basis.
Consists of Defense HcmeB Corporation (in liquidation); Federal Crop
Insurance Corporation; Federal Prison Indxistrlee, Inc.; Inlanci Waterways Corporation (as of November 30, 1952, the latest available);
Institute of Inter -American Affairs; Panama Canal Company; Smaller
War Plants Corporation (in llqiiidation); The Virgin Islands Corporation; and War Damage Corporation (in liquidation). Figures of the
Panama Canal Company are on a preliminary basis.
Pepreaents accrual of interest In lieu of dlvldenidB on capital etock.
Represents net income of $588 thousand fixoa power operations, and net
lose of $3,175 thousand f^rom nonlnccane-produclng programa during the
first six mcMiths of the fiscal year 1953.
Eicludea maritime activities, under the Department of CcEnmorce,for
vrtilch current information is not available.
Consists of Alaska housing program, ccomQinll^ facilities service,
housing loans for educational institutions, prefabricated housing

10/

16/

loans program, revolving fund for develoimant of isolated defense
sites, and slum clearance program,.
Consists of Farm Security Administration program, homes conversion program (liquidated), public war housing prc^ram., and veterans* re-use
housing program.
Consists of Agricultizral Marketing Act Revolving ?und; Federal
Secin-ity Agency - loans to students; Department of the Interior
Indian loans and Puerto Elco Reconstruction Admlniatration; Department
of the Axons' - guaranteed loans (World War II); Department of the Navy
guaranteed loans (World War U); Heme Loan Bank Board - E. 0. L. C.
loan
and
progran
guaranty
Agency
liquidation unit; Mutual Security
program; Public Works /idninistratioa (In liquidation); Treasury Department - miscellaneous loans and certain other assets; Veterans* Adminlstratlon - Veterans' Canteen Serrice, Veterans' direct loan program,
guaranteed loans to Veterans; and agencies reporting pursuant to Defense
Productian Act of 1950, approved September 8, 1950, which consist of
Atomic Energy Commisaian, Defense Materials Procureoant Agency, and
Depertmante of the Air Force, Army, Cammerce, Interior, and Navy,
Represents adjustaueaat to close deficit of the hones conversion program
which has beeai liquidated.
Represents purchase of ccmmDditiee and other costs
Represents increase In cash with U, S, Treasurer.
Repreeante sales and exchange of ccamaodlties, end loans transferred
to accounts receivable.
Represents appropriation for restoration of capital ImpaLLrmant.
Includes renewals.
Includes $1,291,173 thousand advanced to an agency not required to
report.
Includes $1,108,558 -thousand repaid by an agency not req.ulred to
report.
Less than $500,
Revised,

Treasury Bulletin

78

.CIMULAIIVE TABLE OF COHTEIfrS.

June 1952 through May 1053

May

mi

79

.CUMULATIVE TABLE OF COBTENTS.

June 1952 through May 1053

-

(Continued)

^eK/3.(
('

Treas.
HJ
10
.kl

U.S. Treasury Dept.

Treasury Bulletin

19 53

C.2

1
If

I

qs.

/-

*