Full text of Treasury Bulletin : May 1953
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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. /- *