Full text of Treasury Bulletin : May 1954
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LIBRARY
LIBRARY
POOM 5030
TREASURY
DtPARTMtNT^
TREASURY DEPARTMENT
FISCAL SERVICE. BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON
25.
D.C.
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS
BONDS
MRV-ia54
UNITED STRTES TREflSURV DEPRRTMENT
OFFICE DF THE SECRETBRV
Table of Contents
Page
Treasury financing operations
Summary of Federal fiscal operations
Budget receipts and
e
xpendltures
A-1
1
2
Trust account and other transactions
o
Treasury cash Income and outgo
°
Debt outstanding and Treasurer's account
12
Statutory debt limitation
15
De bt operat Ions
1"
United States savings bonds
21
Treasury savings notes
26
Ownership of Federal securities
27
Treasury survey of ownership of Federal securities
29
Market quotations on Treasury securities
33
Average yields of long-term bonds
3°
Internal revenue collections
3°
Monetary statistics
14-2
Exchange Stabilization Fund
^
Capital movements
^^
Corporations and certain other business-type
activities - Income and expense, and source
and application of funds
ol
Cumulative table of contents
7^
Note:
Where calculations have been made from unrounded
figures, the details may not check to the totals
shown.
Sicnj
I9i4
Treasury Financing Operations
May Note and Certificate Offerings
On April 30, 1954, the Secretary of the Treasury
announced two offerings of Treasury securities. The
first was for cash subscription on May 4 to an issue
refunding would have an opportunity later to exohan£;e
their holdings for another Treasury Issue, probably
short-term.
of |2 billion, or thereabouts; and the second on
May 5 "as In exchange for four securities outstanding
ing of Treasury notes were $2.2 billion and exchanges
in the total of $7.3 billion.
of the certificates and bonds for the new securities
Allotments on subscriptions to the cash offer-
amounted to $6.S billion.
The security offered on May 4 for cash was an
The results of the ex-
change offering are summarized as follows:
i
.
Trcasuni Bullet
allotted In full, and larger eubeorlptlone were
sil-
securities was credited to their respective maturity
and accrued Interest on the new
195'*^i "as charged to those
lotted 22 percent on an equal percentage baalB re-
or call dates,
gardless of Investment class, but not less than
110,000 on any one subscription.
securities from May 17,
dates.
and other lenders were requested
The new notes. Series A-1959i and the new certif-
to refrain from making unsecured loans or loans
icates, Series B-1955. were issued in bearer form
collateralized In whole or In part by the notes
subscribed for, to cover the 10 percent deposits
required when subscriptions were entered. A certifi-
only, with interest coupons attached,
cation by the subscribing bank that no such loan was
at the rate of 1-7/8 percent per annum, payable on a
made was required on each subscription entered by it
semiannual basis on February 15 and August I5, 1955,
and thereafter on February I5 and August I5 in each
Commercial
banltfl
A certification that the
bank had no beneficial interest In Its customers'
subscriptions, and that no customers had any benefor account of Ite customers.
ficial interest In the bank's own subscription, also
was required.
and in denomina-
tions of 11,000,
$1,000,000.
$5,000, 810,000, $100,000, and
The notes bear Interest from May I7, Vi'i^,
year until the principal amount becomes payable on
February 15, 1959- The certificates bear interest
from May 17, 195'+. at the rate of 1-1/S percent per
annum, payable with the principal amount at their
maturity on May 17, 1955-
Subscription books to the cash offering on
May
"^
were open one day only.
Subscriptions totaled
over $9-3/'*' billion and allotments amounted to
|2.2 billion.
Subscription books to the exchange
offering
91-Day Bills Refunded
April maturities of 91-cLay Treasury bills totaled
$7.5 billion.
They were refunded by five equivalent
issues of approximately $1.5 billion each. The
average rates of discount on the new issues were
were opened on May 5 and were closed at the close of
business on May 7- Exchanges of the maturing or
1.063 percent for April
called securities were made at par with an adjustment
and 0.836 percent for April 29.
of Interest.
Bote:
1;
I.013 percent for April
g;
1.066 percent for Aprlll5; I.O27 percent for April 22;
Accrued Interest on the exchanged
Details of Treaaury market flnannlng operations axe
shovn elsewhere In this issue of the "Treaaury
"DisBulletin", In the tables on "Offerings" and
position", respectively, of marketable Issues of bonds,
notes, and certificates of Indebtedness,
and in the table
"Offerings of Treaaury Bllle"
.
.V,/i;
m4
SUMMARY OF FEDERAL FISCAL OPERATIONS
(la mlUloDS of dollars)
Budget receipts and expeocUturea Net of
trust
account
Net
£xpezidand other
receipts
IturoB
transacdeficit
tions
2/
i/
(-) 2/
Lerela, end of period
Net
Clearing
account,
etc. 4/
2/2/
decrease
increase In'
Treasurer
Treasurer^.
cash balcash
balance
decreaae
<-)
(-)
In
public
debt, or
Debt outstanding
Total
Federal,
securities
Subject to
limitation
2/
Fiscal years!
igJtS
12,555
21,997
31*, 01*5
19'*3
ighk
1*3,635
19l»5
1*1*,
1*75
95,059
98,Ul6
-21,1*90
-57,1*20
-51,1*23
-53,91*1
191*6
39,771
60,1*1*8
-20,676
IJItT
39,786
19^8
19^9
1950
1951
l*l,U88
39,032
33,067
39,507
39,617
1*1*, 058
-1,811
-3,122
3,510
1952
1953
61,391
61*, 596
65,1*08
195^ (Est.).
1955 (Est.).
67,628
62,6US
19''3.
16,081
31*, 227
l.<)kk.
1*3,21*6
37,696
36,1*95
1*7,566
79,1*07
-1,613
-338
-2,222
791
-524
23,461
64,274
64,307
57,679
10,740
358
6,515
10,662
4,529
-10,460
2,991
9,507
20,169
24,698
14,238
72,422
136,696
201,003
258,682
269,422
-1,103
-294
-495
99
679
555
-507
366
483
-214
-U,136
478
4,587
-2,135
-10,930
1,624
-1,462
2,047
1,839
3,308
4,932
3,470
5,517
7,357
258,286
252,292
252,770
257,357
255,222
-4,017
-9,389
147
437
-401
-312
3,883
6,966
-388
-2,299
6,969
4,670
259,105
266,071
70,902
65,570
-3,271*
-118
-342
3,679
3,250
4,950
4,950
269,750
273,000
57,51*2
-1*1,1*61
-55,691
-53,650
362
6,983
1,751
9,942
3,767
-22,502
10,543
12,294
22,236
26,003
3,502
108,170
165,877
230,630
-43,591*
50,232
57,707
64,753
47,484
-18,966
-2,249
-4,100
4,331
-423
2,711
-405
1,111
3,097
4,203
4,679
4,232
4,295
73,985
75"*
8,1*19
-2,928
-5,994
4,568
4,100
1,623
433
476
90
73
27
76,991
140,796
202,626
259,115
269,398
74,154
140,469
208,077
268,671
268,932
258,376
252,366
252,798
257,377
255,251
257,491
251,542
252,028
256,652
254,567
258,507
265,522
269,842
273,086
269,292
272,561
U2,471
Calendar years:
19't2.
1*3,678
89,918
96,896
87,271
19U6.
38,568
1*1,080
-2,512
-266
-1,161
-123
-1,386
191*7.
19''8.
1*0,389
l*0,86U
191*9.
37,511*
2,434
5,241
-3,592
-350
-229
-502
-422
311
191*5.
259,149
4,301
4,230
1,514
567
339
170,108
232,144
278,682
259,487
110,833
171,202
239,099
288,559
258,554
256,900
252,800
257,130
256,703
259,419
81
55
30
24
42
256,981
252,854
257,160
256,731
259,461
256,127
252,057
256,413
256,026
258,794
6,064
4,577
267,391
275,168
54
76
267,445
275,244
266,821
274,671
278,
U5
1950.
1951.
37,306
52,979
37,955
35,623
Ul,106
37,728
56,337
-3,358
-240
199
234
87
-106
1952
1953
61*,8Uo
63,81*1
70,682
72,997
-5,842
-9,157
-319
-209
7,973
7,777
1*,897
5,398
5,051
5,645
-501
448
4,182
-374
186
106
103
-25
-245
357
587
-2,278
-415
1,196
1,765
3,879
5,075
6,840
259,775
260,362
258,084
259,813
260,399
258,124
259,158
259,745
257,473
5,963
5,567
6,872
-1,693
-1,850
2,865
-291
357
-192
329
-91
-326
209
1,613
-800
-1,447
5,393
5,421
6,969
258,292
259,905
259,105
258,337
259,951
259,151
257,689
259,305
258,507
6,725
I*, 932
6,016
-3,426
-968
515
-17
77
422
432
-195
-229
3,968
957
U3
-504
-973
204
7,925
6,952
7,156
263,073
263,186
262,682
263,107
263,225
262,722
262,472
262,592
262,091
6,370
5,077
7,066
-3,283
-1,009
-1,121
-252
316
-243
-145
2,238
2,513
-41
-981
1,461
-1,572
6,175
7,636
6,064
264,919
267,432
267,391
264,964
267,483
267,445
264,336
201
-265
-676
-116
10,1*50
6,135
4,315
-111
272
-197
401
5,388
5,721*
5,501*
11
182
-3,099
-376
335
884
5,689
6,024
6,908
267,402
267,584
264,485
267,450
267,634
264,536
266,837
267,023
263,929
2,837
I*, 290
9,691
6,350
6,151
7,935
-3,513
-1,862
1,756
105
1,930
-449
-3,326
-373
3,582
3,639
4,670
264,590
266,520
266,071
264,642
266,572
266,123
264,037
265,969
265,522
30,790
39,703
5,ltl*l*
l»,707
11,1*31*
5,555
-8,913
737
5,879
-237
-135
-160
8,777
-67
-4,546
-626
944
1,366
4,044
4,988
6,355
274,849
274,782
270,235
274,924
274,859
270,312
274,362
274,300
269,757
Months:
1952 -January,,
February,
March,.,.
5,500
9,827
l»,270
April.
May...
3,717
9,737
July
August...,
3,299
Septeanbar.
6,531
October, ..
novoober.,
December,,
l*,067
3,961*
3,087
5,91*^*
1953 -January , ,
February.
5,01*8
March
April.
May,,,
June.,
New reportlae ^asls
195l*-Jvily-Jaiiuary
February....
March
t
I
-2
-135
289
-428
^
28
1,548
266,^7
266,eEl
6/
-254
410
193
Source: Actual figures are from the old Dally Treasury Statemnt through
the fiscal year 1953; thereafter, debt figures and cash balance are
from the new Daily Statement and other figures are from the new
"Monthly Statement of Seceipte and Expenditures of the United States
GcTTemnent", flrat published for February 1954 (see footnote 6);
eetl^ntes based on the 1955 Budget document released January 21, 1954.
More detailed information with respect to the figures on this page is
glTan In succeeding tables.
1/ Gross receipts less appropriations to the Federal Old-Age and Surrlvors
Insurance Trust Fund aj^ the Railroad Retirement Account, and refunds
2/
471
-447
62
of receipts.
Transactions of the Foreign Economic Cooperation Trust Fund, established
under Section ll4 (f) of the Economic Cooperation Act of 1948
(62 Stat. 150), are consolidated with budget eipendltures.
Ccnsiets of transactions of trust and deposit funds, net investments of
Goremment agencies in public debt securities, and sales and redemptions
of obligations of Government agencies In the marlcet; oiceea of receipts,
or expenditures (-).
4/
^
6/
For checlis and interest coupons outstanding and telegraphic reports
frcBD Federal Beserre Banks, and beginning with the fiscal year 1954,
also deposits in transit and cash held outside the Treasury; net
increase, or decrease (-).
For current month detail, see section on "Statutory Debt Limitation"
In each Issue of the Bulletin. The llmltatians in effect dinrlng the
period corared by this table and the date when each becane effective
axe as follows: March 28, 1942, $125 billion; AprU U, 1943, $210
billion; June 9, 1944, $260 billion; AprU 3, 1945, $300 billion;
ax^ June 26, 1946, $275 billion. Guaranteed securities are included
under the lljnltatlan beginning April 3, 1945. Ssvli%s bonds are Incliiled at current redmptlon value beglnnli^ Juno 26, 1946; prior to
that time they ware included at maturity value. In the debt outstanding, savings bonis ara carried at current redairpticci value.
For explanation, see announcMent on page A-2 In the April 1954 Issue
of the "Treasui7 Bulletin", Figures for July 1953 through January 1954
will bs shown by mnr^ t.hH in a subsequent issue, after analysis of the
monthly data on the new basis has been ccm^leted.
Treasury Bulletin
.
BUDGET RECEIPTS AND EXPENDITURES
.
Table 1.- Receipts by Principal Sources
(In mllllans of dollare)
.
Mail
I'm
.BUKET EECEIPTS AND EXPENDITURES.
Table 2.- Expenditures by Major Classifications
(In mlllloBe of
Total ii/
19*7
I9k8
19*9
1950
latloul
aecvrltj
33,069 16/
39,507 12/
39,617
**,058
15,130
11,**6
12,787
12,952
21,663
1953
65,*08
73,985
*2,867 12/
50,087
195* (I«t.)
1955 (Itot.)
70,902
65,570
1951
1952
av
zvportlxig InBiA:
Inteniatloaal
off aln (md
flnaooe
Teterau'
piibllo
6,56a
*,*79 16/
6,026
*,ai7
3,798
debt 1*/
•errloea and
beneflte 15/
*,958
5,211
5,339
5,750
5,613
7,259
6,*69
6,878
6,517
5,333
5,123
5,*63
8,*76
9,581
7,652
5,859
6,508
*,952
*,335
8,891
10,835
1,637
1,173
6,525
6,800
*,190
*,165
1,033
177r
3,061
372
2,*53
3*5
3*0
5,758
2*6
7*7
1,259
1,*71
*,021
*,075
3,139
3,28*
6,751
7,90*
2/
"jj
195*Vul/-J«nu«a7
retoroarr
Httlxjb ••••••••••••••
195* to dat«
1953 to date
39,703
*,707
5,555
27,398
3,56ar
*9,965
52,3*2
3*,795
35,608
3,830
195* incTBOae, or decrease (-)
Soorca:
i2/
loUan)
-813
See Table 1.
roo<aataa folio* Table 5.
Table 3.- Expenditures for National Security
(In nllllona of dollars)
Seoratary of
Defense JB/
Air lone,
AXV7,
Bllltarj
mlUtarx
fiBotloBs 12; functlona 20/
6,9U
19*7
19*8
19*9
1950
1951
15,130
ll,**6
12,787
12,952
21,663
161
3*3
1952
1953
*2,867 11/
50,087
*02
*10
12,350 11/
1*,882
15,36*11/
16,*93
195* (Set.)
1955 (Bat. )
*8,720
**,860
*50
570
15,600
16,209
lav reporting basis:
laTj,
allltal7
fnnotlona
*,998
*,171
*,*12
Mutual
Hllltarr
prograa 21/
Atomlo
enarg7
Strataglo and
critical
^ ateriale
161
279
171
9*8
159
*56
6*7
52*
908
99
299
*39
656
U,776
2,292
3,812
1,6*8
i,8oe
8*7
912
1*,200
10,198
11,300
10,*98
*,200
*,275
8,999
1,272
1,315
8,333
970
922
6,399
877
1,001
1,923
19*r
321
1,111
360
58
11,586
10,567
10,22*
11,998
8,277
8,3*3
-1,775
-66
1,690
3,506
6,238
5,965
5,3*6
*,03*
6,au
*,U0
5,757
9,961
Other 2i/
3.052
59*
108
l/
195* -July-January
f abnary
March
195* to date
1953 to date
195* Increaae, or decrease (-).
27,398
3,56ar
3,830
3*, 795
3*5
35,608
277
-813
page ^ and ronalndor on page 5*
Zaoludee prooaads froa sale of snrplos property and froa GoTemaentowned securities; seigniorage; deposits resulting frcn renegotiation
of var contracts (aee "Treaaury Bulletin" for Tebruary 19*8, page 5);
and railroad unevployment Insurance oontributlcos for adBlnlatratlTe
expenses tlirougb 1953, after which they are carried as trust account
receipts under the Sallroad RetlrsBent Board.
Aaounts appropriated to the Federal Old-Age and SurrlTors Insuranoe
Trust Fund are equlralent to the aaounts of taxes collected and
depoaltad for old-age Insurance (*2 U.3.C. *01 (a)). The Social
Security Act Aagndaenta of 1950. approred August 28, 1950 (6* Stat. *77),
changed in certain reepects the basis of transferring the appropriated
funds to the trust find. Beginning Jszraary 1951, the aaounts trans-
2,*38
2,350
160
181
1,*52
1,3**
U7*
730
-256
ferred currently as appropriations to the trust fund are based on
astiaates of old-age Insurance tax receipts aade by the Secretary of
the Treasury pursuant to the proTlalons of Sec. I09 (a)(2) of the
teendnents of 1950, and are adjusted In later transfers on the basis
of nags and self-«aployaent InooMa records aalntalnad in the Social
Security Mbsinlstratlon.
10/ Kxcludes the Qo i aiunent's can1a*ibtttion for crsdltable allitary serrice
unlar the act of April 8, 19*2 (56 Stat. 20*). TUglnnlng 1952, «D»it»
ore apfaroioriatad to the Bailroad Betlnaist Aoooimt etual to the aount
of taias under the Ballroad Setireasnt Tax Act deposited In the
Traasnry, less refunds, during each fiscal year (6; Stat. 222 and
66 Stat. 371), and traufera are aade currently. Frarlously, annual
appropriations were baaed, in effect, co astlnated tax collections, vltll
sny neoeesaxy ^JustManta aade In auoceedlng appropriatioaa
Treasury Bulletin
BUDGET RECEIPTS AND EXPEJfDITURES
.
Table 4.
Bxpendlturee for International Affairs and Finance
(la BlUlana of dollar*)
Szport-lkp«rt
Bnk 2i/
19*7
I9W
6,'S6e
•,"•79 16/
133
938
"»65
looBOBlo and
taolmlaal aaalatoaoe (Mitoal
Saonrltj Aot) 23/
19»
3,798
289
865
299
271
1952
1953
2,839
2,220
Slk
2,191
2"»5
l,72'i
195* (Kat.)
1955 (Sat.)
1,637
1,173
,
6,026 16/
19*9
1950
"1,817
OoTaroaaBt
a^
raUaf la
ooonplad areas
W
13* J6/
-60
•5
'»,0l»3
3,523
3,006
ClTlllan
rallaf la
Eoroa
Other 26/
51'>
'»,977
S81
1,333
779
370
8,770
Wis
170
"9
183
9
1,263
958
21/
21/
668
156P
111
21/
21/
22/
Mew raportlae baala i 2/
195*->JuljrnJaiiuary
1,033
177r
50
Fetaruarr
March
195!) to date...
1953 to date...
1951*
1,259
1,1»71
Incroaae,
aonne:
935
1,170
21/
21/
-23k
21/
decreaae (-)
See TaU.e 1.
rooteotea follov Table 5.
Table 5.- "Other" Expenditures
(In Billlcna of dollara)
Social
aecvity.
Heifers, and
healtk
28/
Bona lag aad
oc^Bunlty
dareloiaant
Agrloolture and
agrlouXtoral
latural
j^
3i/
J2Z
nransportat Ion
aad
Otllar
CG^moloatlon
r««(niro*0 ^0/
ladoatir
i2i/
19*7
19*8
19*9
1950
1951
5,123
5,*63
8,*76
9,581
7,652
979
1,0*5
1,165
1,526
1,6*0
129
68
-56
-270
*60
1,226
782
2,658
2,8*2
*«9
519
822
1,221
1,399
1,376
935
1,121
1,386
i,*a2
1,*92
299
287
399
71*
188
1,036
1,338
1,703
1,888
2,008
1952
1953
8,891
10,835
1,672
1,810
665
*58
1,063
1,*51
1,533
1,83*
1,820
138
2,900
2,069
8,199
9,828
8,575
1,833
1,682
-16
-31*
8,756
2,369
1,366
1,320
1,671
1,178
5,758
2*6
7*7
1,17*
1*1
-123
-101
-50
1,233
-1*3
188
866
96
99
99*
109
165
6,751
7,90*
1,**9
1,290
1,278
1,927
1,061
1,175
1,268
1,305
-1,153
160
-650
-11*
-37
195* («at.)
1955 («at.)
e»
U3
reportlag baa la: 1/
195* -July -January
Tetruary
March
195* to date.
1953 to date.
195* Increaae
'
decreaae (-)
13*
Source; See Table 1,
Footnotee 13 aad raulMar oa page 5.
Hj Intereat on ref unda la Included in Table 5 izider "other"
12/ The olaaalfioatlona hare been roTlaed, beginning vlth the
April 195* ieaue of the 'Bulletin", to bring then aa oearly lato line
1,79*
1,783
152
U
with the olaaeiflcatlcna la the 1955 Budget docunent aa the detail
arailable in aonthly Treaanry data vlll peralt. The eatl^tes in tbaae
tablea are ahcwn on the aane claaaiflcatlon baala aa the actual expendlturea, for purpoaea of ooaQMriaon, and therefore vill not exactly
agree vlth figurea for the correapaedli« categoriea in the Budget doei^n
Sliui
/VT-f
-BUEGET RECEIPTS AND EXPENDITURES.
Footnotes for Tables
Source I See Table 1.
13/ Expendlturee are "net", after aUou&nce for relmburBoneute to
appcroprlatlooe, receipts of reTolvli^ fund approprlatioDB,
and recelpta credited to dleliursiiig aocounte of oarporatloaa
aod agenolee harlng anthorlty to use coXleotione vlthout
tarwal corerlxig Into the Treasury. The figures Include
transfers to txust acoounta . They exclude net InrestnientB
of wholly ovned Goremment corporations and agencies In
public debt seourltlea beginning 19^1 (vhen these inrestaenta were grouped vlth thoee of tjnist funds and accounts),
and public debt ratireaents chargeable to the sinking fund,
etc., under special prorlslons of lav. Paynents to the
Treasury, principally by uholly ovned Goremnent corporations, for retirenant of capital etook and disposition of
eaxnijiige are excluded froa both rsoeipta and expenditures
Further informatlcoi on these capital transfers nay be found
in the 19^3 Annual Beport of the Secretary of the Treasury,
paee 332.
Ik/ Beginning Rorember 19^9 interest on the public debt is reported as an expenditure vhen such Interest beccoes due and
payable, as distinguished from the preTlous practice of
shoving the expenditure on the basis of Interest paid by the
Treasurer of the Uolted States.
15/ Consists of Veterans MminlGtratlon expenditures, Including
the direct loan pro^pram.
16/ Inclules transactions relating to the Foreign Eccnomic Cooperation Trust Fund (see page l)
Ij/ net transactions by the Departments of the Air Force and tbe
Amy relating to "Deposit fund aocounte" are Included under
"Trust Account and Ot^r Transactions" Instead of "Budget
Becelpta and Expenditures" beginning 1952.
18/ Includes retired pay for the military serrices beginning
September I9U9.
19/ Excludes certain expesulituras made on behalf of the Departlunt of tbe Air Farce out of appropriations to the Departnent
^
of the
Amy.
20/ Includes certain expenditures on behalf of the Departaent of
the Air Force (see footoote 19 ).
21/ Ccnsista of expenditures froB funds appropriated to the
President ui^er the Mutual Security Act, approved October 10,
1951 (61* Stat. 373), and the preceding Economic Cooperation
Act; and Greek -Turkish assistance.
22/ Consists of expenditures of the Atcmic Energy Ccamieslon.
23/ Coosifta of payients under the Anaed Foixes Leave Act, expenditures for surplus property disposal, and In 19**?
national defense eipecdltures of the Reconstruction Finance
Corporation and certain other agencies
2k/ Excludes Bank expex^itures under the Mutual Security Act and
the preceding Econojnlc Cooperation Act of 19'^8, as amended.
1
through 5 - (Continued!
25/ Conslsta of expenditures from funds appropriated to the President
under the Mutual Security Act, and the preceding EooncoBlc Cooperation Act.
26/ Consists of expenditures under the Bretton Woods Agreements Act
(l9l»73; credit to the Oil ted Klngdca
(19^7 and l^I^S); expenditures of
the Halted Nations Belief andBehabilltation ;ulminlatratlon; relief
to countries devastated by var; various other foreign relief programs; international children's eiwrgency funds; and loan for ccnetruction and furnishing of United Rations Eeadixiarters
27/ Expenditures by the Departaent of State are included under "Department of State" in this table; expendlturee by the Department of the
Aray are no longer shovn separately In monthly reports to the Treasury.
28/ Consists of expenditures of the Department of Health, Education, and
Welfare except the Office of Edxication, and of the correaponding component organizations prior to the establlshmont of this departznent 00
April 11, 1953; the Govenment'a contribution xmder the Ballroad Eetiroment Act for creditable military service and other Railroad Retlreanent Board expenditures through 1953* and also, beginning 195^,
the school lunch pro^prom under the Department of Agriculture.
22/ Ccnslsta of expenditures of the Housing and Bene Finance Agency, and
of coD^nent organisations prior to the establiahaant of this agency
on July 27, 19^7; Federal Civil Defense Adalnietration; and disaster
relief.
30/ Cooelsta of expenditures of the Departaent of Agriculture except the
Forest Service and the school lunch program; and of the Farm Credit
Adminl strati on
32/ Ccoslsts of expenditures of the Department of the Interior; the
Tennessee Talley Authority; tbe Corps of Engineers in the Department
of the Azay (river and harbor vorks and flood control); and the
Forest Service in the Department of Agrlcxature.
32/ Consists of expeniltures of the Civil Aeronautics Administration,
Civil Aeronautics Board, Maritime activities and predecessor agonclee,
and Bureau of Public Roads, all nov In the Department of Cooasrcej
the Coast Guard In the Treastov Department; and the Postal Service
Fimd (advances to cover the postal deficit) In the Poet Office Department.
Consists of expenditures of the Department of Ccmmerce except those
Included under "Transportation and ccnnrunlcatlon"; the Beconstruction
Finazioe Corporation; the 7m*n Business Administration and the
Smaller War Plants Corporation; the Econoalc Stabilliation Agency;
and fuMs appropriated to the President for the promotion of defense
produotinn.
3U/ DiclndeB expei^lturoe for executive departments and other agencies not
Included elsevhere ai^ for legislative and Judicial functions. The
Rational Advisory Connlttee for Aaronautics, formerly Included In
Table 3, Is nov incltided h«re, becaiise expendlturee are no longer
shovn separately in monthly reports to the Treasury.
• Less than $500,000.
r Revised
i.a. Hot available.
j g/
?
Treasury Bulletin
-TRUST ACCOUKT AND OTHER TRANSACTIONS.
Table
Suninary of Trust Account and Other Transactions
1.
(In mlUlone of doUsrs)
Trust accoisite, etc.
Ret of
truBt account
wn(^ other
transactions l/
19't6
-521l
19^7
igUS
19^9
1950
-1,103
1951
679
1952
1953
U37
-29ll
-J»95
99
ll*7
-118
1951 (Est.)
1955 (Est.)
-31*2
Bet InTestnents of
Expenditures
(other than net
InTestnents
Not receipts, or
expenditures (-)
GoTemment agencies In
public debt securities
Net redemptions, or sales (-).
of securities of GoTemnent
agencies in the market
Hot gusranteed
-66
-28
-123
160
387
3,668
3,362
3,060
2,311
3,238
2,619
2,658
1,890
-281
7,712
6,2W.
6,515 2/
U,li7l*
S.Tl"*
3, Bell
6,669
6,950
-It02
ll»
3,852
3,855
3,763
7,796
8,807
8,932
3,9'»5
'',952
3,557
3,636
3,301
-37U
2,586
2,683
9,WI.
10,323
6,859
7,639
2,999
3,15't
-255
-136
181
993
3,721
82lt
601
785
56
-30
118
60
5,998
6,103
',733
3,927
8n
129
2,002
52
807
-1,189
3,625
3,857
2/
5,169
28
88
32
New reportUe hasls i/:
195lt -July .Jan
Feb
March
to date
1953 to date
19511
1951*
licreaee, or decrease (-)
-2514
1*60
1(10
193
582
222
3^9
130
1,265
2,177
219
-91£
It,
im
Source: Actual figures from Dally Treasury Statement through 1953, ai^
thereafter from the nev "Monthly Statement of Receipts and Expenditures of the United States Government" (see footnote 3); ©stljaates
baaed on 1955 Budget document, released January 21, 195U.
Excess
of receipts, or expenditures (-).
1/
2/ Excludes Foreign Economic Cooperation Trust Fund (see page 1).
For explanation, see anncuncement on page A-2 In the April 195U Issue of
"Treasury Bullstln"
Figures for July 1953 through January 195lt will
be ehovn by months in a subsequent Issus, after analysis of the monthly
data on the nev basis has been completed.
.
Less than $500,000.
Table 2.- Trust Account Receipts
(In millions of dollars)
Federal Old -Age
and SurrlTors
Insurance Trust
Fund
19't8
7,712
6,2W*
6,515
19''9
5,711*
1,921*
312
323
797
625
1950
6,669
2,367
61*5
1951
1952
1953
7,796
8,807
8,932
3,1*11
678
191*6
19't7
(Est.)
1955 (Est.)
1951*
y
1,386
1,623
1,807
3,932
516
9,1*41*
5,l''a
6,081
U,l8l
Goremnent
Goreroment
Life
Insurance
Fund
retlremant
funds 1/
850
912
961
545
597
401
685
692
464
376
266
39
286
45
36
322
28
56
367
646
406
317
103
134
740
690
1,076
90
1,51*2
1,61*3
684
786
637
1,566
1,690
845
175
Other trust
fuids and
accounts
2/
1,666
2,351
1,504
782
755
eosployees *
6l4
578
594
680
809
1,280
1,289
1,313
1,173
1,281
1,594
It,
10,323
National Service
Life Insurance
Fund
Railroad
Retirement
Account
92
87
792
529
403
Nev reporting basis k/
993
821*
2,068
621
609
372
Fob
kal
5,998
6,103
3,298
3,150
512
348
501*
373
1951* -July -Jan
to date
1953 to date
195'>
,
81.
56
Increase, or
decrease (-),...
195''
Source: See Table 1.
1/ Consists of ClTll Serrlce and Foreign Serrlce retireoent funds.
2/ Includes Adjusted Serrlce Certificate Fund, District of Columbia,
Indian tribal funds, island possesslcus. Increment resulting frca
reduction In the volght of the gold dollar, and through June 1950
seigniorage on sllror under the Silver Purchase Act of 1934. Thereafter any such sel^l^rage Is Included under bxidget recelpte. Beginning with tbe fiscal year iS3'*t the Bailxoad tbencloynaot Insurance
-278
Adj^nlstration Fnod la olassifled as a trust acoomt. Instead of
being hsndjed throogb budget aooounta as forBorly (see 'Bodget
Receipts and Expenditures", Table 1, footziote 8),
4/
See Table 1, footnote 3.
Hie
Mail
mi
-TRUST ACCOUnr AND OTHER TRANSACTIONS.
Table 3.- Trust Account Expenditures Other Than Net Investments
(In mllllans of dollars; negative figures are excess of credits)
Fiscal /ear
or month
Treasury Bulletin
.TREASURY CASH INCOME AND OUTGO.
The cash Inoome and outgo of the Treasury shown in
the
1 conelot of cash depoaits emd withdrawals In
account of the Treasurer of the United States. This is
In line with the new reporting basis of the "Dally
Statement of the United States Treasury". Effective
actions which formerly appeared In the old Deilly Statement
the Dally Treasury Statement shows
deposits and withdrawals In the account of the Treasurer
Budget results and trust account
of the United States.
setup, principally to combine all receipts and all ex-
penditures instead of deriving separately the cash budget
and other transactions are now reported onoe each month
both the new Monthly Statement and the old Daily Statement
In the "Monthly Statement of Receipts and Expenditures of
include transactions not cleared through the Treasurer's
the United States Qovemment" (seepage A-2 In the April igjU
account, such transactions are eliminated in the present
reoonoillatlon, as indicated above.
Table
February 17,
195^^,
Issue of the "Treasury Bulletin"
).
and now appear In the new Monthly Statement.
These tables
follow the method used previously for deriving cash Income
and outgo from the transactions carried in the old Dally
Statement.
Some rearrangement has been made in the table
and trust account transactions.
Since the figures in
Figures for previous fiscal years heretofore published
have been revised to the basis of deposits and withdrawals
by eliminating corporation and agency transactions included
In the old Dally Statement but not cleared through the
Treasurer's account. The cash borrowing or repayment of
borrowing as now shown is likewise based only on trans-
actions cleared through the Treasurer's account.
There remain, under the new reporting syetem, the
differences in figures arising from differences in reporting bases between the new Daily Statement and the new
Monthly Statement.
in one statement but not until the following month in the
other.
In Tables 2,
3,
and k is given the reconciliation of
the cash transactions with the budget and
other
Table
1.
An Individual transaction near the end
of a month, for example, may be included during that month
trans-
These differences tend to correct themselves over a
period of time, but for a given reporting date it
is
necessary to include an adjustment figure to cover them.
Summary of Cash Transactions
(In mllllana of dolleo^)
Slaii
I')";-!-
.TKEASUBY CASH IHCOME AND OUTGO.
Table 2.- Derivation of Cash Deposits
(Id UHotm of doUan)
IcDoaah lt«aa dadiiotad
trcm bod^t recalpta - •xcobs
profits tax Tofuid tionde 2/
Flua:
Budget (lut) 1/
mT
19lt8
Trvat aooomt
39,786
6,2U
Itl,lt88
6,515
19^9
1950
1951
37,696
36,U95
5,71'>
1952
1953
61,391
"•7,568
61t,596
195^ (Bat.)
1955 (Bat.)
1(6,030
It8,003
li3,IH0
6,669
7,796
l»3,l6lt
8,807
8,932
70,198
73,528
55,36H
9,>tU
10,323
Hav repocrtlng baa la I
^
195^-July-Januflr7
Fetoiiary .
Total
30,790
It,
181
3'»,971
6,li37
,
March
12,258
53,666
5,998
TraoafarB.
bud^t
to taruet
acoount
Payroll
daduotlone
for onployooB*
retlroBBUt
Lobb: Interfuod traoaaotloDB
Be Inburs ABBnt
Interes t paynanta
to bud^t frcm
To Treasury
&7 Treaaory
trust aocounts
to trust
by GcrertmBXk
aooounta
agoDolea
ir
ll>6
10
2,10l(
68,093
2,183
71,3^^'t
1,105
19*8
19^9
1950
1951
"•55
1958
567
987
1953
"•55
l,09l»
195k (Sat.).
1955 (Kat.).
162
106
U23
1,196
lt23
l,2ltl
2,063
2,070
Bay raportljag baalai
195l*-JuLjr-Jan.
7li6
Bill
2,59"t
^
33,810
6,529r
12,260
930
91
126
61»
1951*
to data.
Equala:
Caab
depoelte
•3,590
•5,399
11,628
10,970
53, •39
2,lt02
19'>7
366
833
397
for dlfferoncea
In raportiug
baaea §J
1,778
2,192
1,923
272
1,028
186
29
61)6
259
238
329
360
380
Adjwtaont
Total
interfund
tranaactlona
136
331
68
182
357
Souroe: Saa Tabla 1.
1.
1/ Tar further detail, sea "Bod«ot Beoelpta and Ezpendlturaa , Table
Aa siplainad In that table, flevree hare been rerlaed to treat
appropriations of receipte to the Ballroad EetlTeaent Acoount aa
deductlona from reoelpte.
2/ Deduction fro* budget reoelpta of the tax refunds repreaanted by theae
bends la treated aa a nnTvi^nh deduction at the tlaa of lasuanoe of the
bends and aa a oaah deduotlon at the tl«e of redenqrtlon of the bonds
(see Tabla k); net Isauance, or redenptlon (-).
1/ See Table 1, footnote 3.
Fund through
5/ By Federal Old-Age and SurrlTora Insurance Trust
"
*" '
the
*"
October 19W3. Thereafter Includes also e isburseBsnta frcai
Dlatrlot of Colinbla, etc.
5/
6/
•
r
17
52,598
Inolules proceeds of ehlp sales carried In tmat aocounta pending
allocatlcn to budget reoelpta froB aale of aurplua property,
transfers between trust aocounta, and payaant of eamlags or repayment of capital stcok to the IreasHry by corporations not vbolly
oimed. Flgurea for 19li7 and 19lt8 Include $53 mlUlon and $8 Billion, reapectlTely, of arsad foroea IsaTe booda redeeaod for
Insurance preMH«a; after August 31, 19^i7, theae beads vere redeemable for cash.
For explanation, aee headnote,
l£es than ^500,000.
EeTlaed
Treasury Bulletin
.
THEASUIO' CASH
mCOME PSD OUTGO.
Table 3.- Derivation of Cash Withdrawals
(In -'iH"'' of dollan)
Laeai
lnt«(rfuild
Trust
accomt
Budget
and otho:
i/
ta-ans-
aetloos 2/
19^7.
39,032
33,069
39,507
39,617
I9W.
Wt9.
trauBactlane
(Tabla 2)
^xchAngo
Stabllltatlon
rutA i/
1»7,W5
2,M£
lt69r
1«,41>1
2,59'»
1.5,8llt
1,778
2,191
559
580
574
638
65,"t08
8,660
73,985
8,'»95
(Kat.).
1955 (Sat.).
70,902
65,570
9,56fc
80,IUl
10,664
76,2311
-13
'.5,980
51, lie
7'!, 076
39,703
*,'t35
ii*,088
FaloTiaTy...
'1,707
58*
5,291
March
5,555
631
6,11*7
1*9,965
5,649
date.
riaoal year
or acnth
Hat ijxraeteants In
public debt aacurltlas
By trust
funds and
accounta
By
Goranmant
aganclaa 6/
3,362
3,060
2,311
-*05
3,369
irr
-69
319
97
186
3,355
3,068
281
2,183
2,063
2,070
2,878
2,980
1,923
2,101|
232
l/
195'> -July-Jan...
19511 to
Intaroat o
sarlj^s
bonds and
l^aaaury
blllB 2/
563
98
-207
'•4,058
la» reporting baa Is i
ratlosa not vholly
ovnsd k/
1,026
1958.
1953.
195'»
Intflraat pajnaita
by Treasury to
aoramment oorpo-
7,3''7
6,810
6,209
6,570
7,117
1950.
1951.
MflBorajodum:
-89
55,525
930
91
356
1,085
383
i>80
27
-69
'»39
372
Hot radenqitlone
of obll^atloDS
of GoTanBAit
ageoclas In th«
nsrkat
359
-107
74
22
-384
Mail i954
.TREASUKY CASH HJCOME AND OUTGO.
Table 4.- Derivation of Cash Borrowing or Repayment of Borrowing
(In glUlODB of doUjCT; meatlT* flgorM laUoata oat rapa^aant of barrovlj«)
riaoal yaar
or jmth
Treasury Bulletin
12
DEBT OUTSTANDIHS
Table
1,
AST)
TREASURER'S ACCOUHT
Suimnary of Federal Securities
(in mlUloiiB of dollars)
Total outatazidliig
End of
fiscal
year or
month
Guaranteed
aeourltiee 2/
Total 1/
19't6
19l»7
Interest -bearing debt
269,1*22
1.76
258,286
252,292
252,770
257,357
90
19^9
1950
269,898
258,376
252,366
252,798
257,377
1951
1952
1953
255,251
259,151
266,123
255,222
259,105
266,071
Debt pealr:
Feb. igJtS
279,761t
279,211i
1958 -December..
267,1*5
267,391
1953-Julj
Auguat . .
September.
272,732
273,269
273,001
272,669
273,206
272,937
October.
NoTember.
December
273,1*52
66
275,2l»l(
273,386
275,209
275,168
195^ -January.
February.
March
271*, 92V
27lt,81i9
19'>8
,
,
.
.
.
.
275,282
2711,859
2711,782
270,312
270,235
Matured debt and debt bearing no Interest
Guaran-
GuAranteed
Public debt
teed
eecurltlee 2j 3/
Monetary
Fund k/
1,3U
Other
268,578
255,197
250,132
250,785
255,226
268,111
255,113
250,063
250,762
255,209
252,879
256,907
263,997
252,852
256,863
2,372
2,21*1*
2,21*2
1*19
1,271*
263,9146
2,126
2,125
298
1,302
551
278,1151
277,912
539
1,313
1,301
51-
265,31*6
265,293
2,098
301*
1,258
536
270,665
271,207
270,806
270,603
2,067
2,062
2,195
2,066
2,061
2,193
21*3
270,71*1*
53
62
62
63
2,100
63
63
1,302
1,291
1,280
521
518
516
271,356
273,201
272,956
271,291
273,128
272,881
65
2,097
2,082
2,288
2,095
301
287
1,280
1,280
515
2, 081
2,287
1*36
1,31*0
511
272,706
272,612
267,899
272,632
272,536
267,823
2,218
2,216
351*
2,21*7
2,1*13
2,21*6
2,1*12
385
515
1,352
1,352
1,391
510
509
506
73
6U
71.
76
271,11*5
Source: Dally Treaeuiy Sta tenant.
1/ Includes certain obllgatlona not subject to statutory llultatlon.
For amounta subject to limitation, see page 1.
2/ Excludes guaranteed securities held by the Treasury.
1/ For current month detail, see "Treasury Survey of Ownerahlp".
±/ Special notes of the United States Issued to the International
Monetary Fund In payment of part of the United States subscrlptloD,
1.67
83
1,321
3,179
69
2,231*
2,012
2,150
73
75
7U
76
76
376
231
280
Becurl tloe 2/
(matured)
10
3,173
2,229
2,009
21*5
2,11*8
265
1,161
1,063
1,270
2,370
512
1,283
1,721*
701
613
575
550
525
1,063
252
398
511*
pursuant to provlslcaifl of the Bretton Wooite Agreeaente Act. The
notes bear no Interest, are noonegotlable, and are payable on demand.
Similar notes issued to the International Bank and outstanding
I9U7-I9U9 are Included under "Other".
Includes saringB stamps, excess profits tax refiuid bonds, currency
items, and notes issued to the International Bank (see footnote k)
For current month detail, see "Statutory Debt Liuttatlon" , Table 2.
Table 2.- Interest-Bearing Public Debt
(In mlUlons of dollars)
Mail
m4
Treasury Bulletin
14
DEBT OOTSTAMDING AND TREASURER'S ACCOUNT
Table 5.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
End of
fiscal
year or
month
i/
\/((i/
I')i4
STATUTORY DEBT LIMITATION
The Second Liberty Bond Act. as amended,
(
Jl U.3.C.
757 b), provides that the face amount of obligations Issued
and the face amount of
under authority of that act,
obligations guaranteed as to principal and Interest by
the United States (except guaranteed obligations held by
the Secretary of the Treasury), shall not exceed In the
aggregate $275 billion outstanding at any one time.
Obligations Issued on a discount basis, and subject to
redemption prior to maturity at the option of the owner,
are Included In the statutory debt limitation at current
redemption values.
Table 1.- Statue under Limitation, March 31, 1954
(In mllllans of dollars)
amount of oecurltlee vbiob nay bo outstanding at any ona time, under limitation Imposed ty the act
of June 26, igk6 (31 U.S.C. 757 b)
MftTlim im
275,000
Amount of Becuritiee outstanding aubjeot to auch statutory debt Itmltatlon:
U, S. GoTernmant Becuritiee isauad under the Second Liberty Bond Act, aa amanded ......
269 679
,
auaranteod securitiea (excluding those held by the Treaauiy)
77
Total amount of eecurltiea outatanding subject to statutory debt limitation
269,757
*
Balanoe issuable undetr limitation
Source:
5 ,2^3
Bureau of the Public Debt.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding March 31, 1954
(In millions of dollars)
Subject to
statutory debt
limitation
Not subject to
statutory debt
limitation
Total
outstanding
Public debt;
Interest-bearing eecurities:
Merlce table
Treasury bills
Certificates of Indebtedness
Treasury notes
lYeasury bonds - bank eligible
Treasury bonds - bank restricted l/, ..
Postal savings and Panazna Canal bonds.
21,013
19,377
26,787
21,013
19,377
26,787
7'»,13'»
711,131*
8,671*
8,67"*
11*9,985
150,081
57,902
5,581
itn
57,902
5,581
12,8lt6
12,81*6
76,739
76,739
96
Total marketable.
Nonmarketable
U. S. sarlngs bonds (current redoopticQ value)
•
Treasury sarlngs notes
Depositary bonds
Treasury bonds, Inreatzosnt saries...
Total nconarketable
1.11
1*1,002
Special issues to Goremment agenciea and trust funds.
Total interest-bearing securities
^4atured securities on vhich interest has ceased
Debt bearing no Interest!
United States savings stamps
Exoees profits tax refund bends
Special notes of the United States!
International Monetary Fund Sorlee
tliitod States notes (less gold rsBerre)
Deposits for retlraaont of national bank and Federal Besarve Bank notes.
Other debt bearing no interest
191
258
6
Total debt bearing no interest.
269,679
Total public debt.
Guaranteed seourltiest
2/
Total guaranteed securities
269,757
Total public debt and guaranteed seoxn-itiee.
Source: Bureau of the Public Debt.
1/ Issues which oomercial banks may not acquire prior to specified
dates (vith minor exceptions). See "Debt Outstanding and
2/
Treasurer's Account", Table 2, footnote 1.
Excludes guaranteed securities held by the Treasury.
Treasury Bulletin
16
.BEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Goveminent
and Outstanding March 31,
(IkKlUlans of doLUn)
1954^
Mem
17
/'^'-f
.DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding March 31, 1054^- (Continued)
(In millions of dollara)
Amount of Baturltles
Callable leeuee
claaelfled b7
joar of:
T«ar
Descrlptlcn of securltj 2/
^»nnt of aturltles
Date
bank reatrlcted
Description of eecurlt^y 2/
Callable lesues
classified by
year of:
bank
ell«lble
3/
bank
eligible
i/
1961
June.
Sept.
Not.
.
1967
3^
Fanflooa
2-3A» Bond
Canal bond
9/15/61
-
2-1/5)6 Bond -
6/1/6I
-
June.
13,
2-l/Ul( Bond
2-1/2* Bond
W5
-
6/15/59-62
6/15/62-67.
5,277
12/15/59-62.
3, ''66
2,U6
Total
-
-
6/15/62-67.
6/15/67-72.
1,890
2-1/2* Bond
-
9/15/67-72
.
2,716
2-1/2* Boi^
-
12/15/67-72.
3,823
Total
6/15/62
8,l>£9
12/15/62
2,116
1968
Dec.
2-1 A* Bond
2,U6
2-1/2* Bond
2-1/2* Bond
2,239
11/15/61 11,176
Total
1962
June.
Date
bank restricted
2,827
12/15/63-68.
2-1/2* Bond
-
BoM
-
2-1/2* Bond
-
8,7^2
1969
June
1963
June.
2-1/2*
6/15/6I1-69.
3,831
12/15/61t-69
6/15/58-63.
2-3A* Bond
Total
12/15/63-68.
2-1/2* Bond
7,585
2,827
2,827
Total
1970
2-1/2* Bond
-
3/15/65-70
Mar.
2-1/2* Bond
-
3/15/66-71
1972
June.
Mar.
ig6h
1971
2-1/2* Bond
-
6/I5/6I1-69.
2-1/2* Bond
-
I2/15/6I1-69.
Total
7,585
1965
Mar..
2-1/2* Bond
-
3/15/65-70.
2-3/lt* Bond
-
12/15/60-65.
2-1/2* Bond
-
6/15/67-72
Sept
2-1/2* Bond
-
9/15/67-72
Dec.
2-1/2* Bond
-
12/15/67-72
3,823
12/15/62
8,k29
1978
June.
3-l/lt* Bond
-
6/15/78-83
Bond
-
6/15/78-83
1,606
1983
1966
Mar.
6/15/62
2,716
Total
',719
Total
2,961
3,*1
2-1/2* Bond
-
3/I5/66-7I.
12/1/5^1
2,961
Source: Dally Treasury StatoiBnt and Bureau of the Public Debt.
1/ Excludes postal savings bonds
in this
2/ It should be noted that callable Issues appesr twice
of
column, once in the year of first caU and again In the year
final maturity. Callable Issues vlth respect to vhich a deflnlto
notice of call has been made, howerer, are listed as filed maturities. For date of Issue of each security, see "MarketJJuotatlons"; for tai status, see "Treasury Survey of Ovnershlp"
by coomerclal banks
i/ Bank restricted Issues may not be acquired
.
kj
5/
6/
June.
3-lA*
1,606
"Debt Outstanding
(with minor exceptions) prior to specified dates;
and Treasurer's Account", Table 2, footnote 1.
Called on February 9, 195"", for redemption on June 15, 195''; "ere
Table k In this
(see
195^
February
on
15,
exchangeable fWr bonds issued
Myt issue).
issue of the "Treasury Bulletin" and page A-1 In the February
month's notice
Not called for redemption on June 15, 195'*; callable on four
payment date.
for redemption on December 15, 19^, succeeding Interest
December 15,
Hot called for redemption on June 15, 195'*; "HI mature on
195''.
IS
Treasury Bulletin
.DEBT OPEBATIOHS.
Table 2.- Offerings of Treasury Bills
(Dollar aacuats In blLUIods)
Daeorlptloa of nev iBSue
Number of
days to
maturity
Amount
maturing oi
Issue date
of now
offering
Anount of bids
AOD'jnt of
bids
tendered
On coarpetitlTe baa la
On noocompetltive baa la 1/
Total unnaouta tending
after new
Issues
Regular Series
1953 -Dec. 3..
Dec. 10..
Deo. 17..
Deo. 2l»..
Dec. 31..
ig^i-Jen. 7..
Jan. 111..
Jan. 21..
Jan. 2r...
Feb. h..
Feb. 11..
Feb. 18..
Feb. 25..
1951i-Mar.
h.
Mar. 11.
Mar. 18.
Mar. 25.
Apr.
1.
Apr.
3.
Apr. 15.
Apr. 22.
Apr. 29.
2,02U.9
1,999.1
2, 216. It
2,290.3
2,33''.7
2,607.9
2,^21.0
2,558.9
2,ll40.3
1,500.3
1,500.7
1,500.5
1,501.3
1,502.3
1,236.1.
^13.^
231.5
275.9
205.1
l,22li.6
1,259.'»
21(1.9
299. "•
316.9
1,1199.9
191.5
120.7
137.5
235.3
1,500.8
1,269.2
1,295.7
206.6
1,500.3
1,500. It
1,502.0
1,500.3
1,281. It
218.9
265.7
1,283.2
217.1
1,318.9
1,278.8
1,293.6
1,325.2
181.1.
221.1.
175.5
l,2ltJ|.l
202.1
213.5
257.0
1,2314.7
l,2l>2.6
1,500.6
1,500.1
1,501.7
1,501.2
19,512.5
19,510.7
19,510.3
21.11.1
186.8
115.8
200.6
208.6
1,500.3
1,500.7
1,500.5
1,501.3
191.6
ia.3
191*. 1
1I1O.3
2,296.2
2,252.7
2,139.8
2,189.5
1,500.3
1,501.3
2,221.0
2,269.0
2,531.2
2,371.6
1,501.0
1,501.1
1,501.0
1,501.2
1,298.8
1,287.7
Mar. 25..
June 3.
June 10.
June 17.
June 2U.
1,257.1
Apr . 1 .
Apr. S..
Apr. 15 p
Apr. 22 p
Apr. 29 p
July 1.
July 8.
July 15.
July 22.
July 29.
2,339.9
2,137.9
2,21U.2
2,1'93.5
1,500.7
1,500.0
1,501.3
1,501.5
1,502.5
1,309.1
1,305.8
1,259.6
1,270.6
1,266.6
2U1.7
230.8
216.0
June 2U
June l8
2,717.3
2,987.0
1,500.7
1,001.1
1,3W.3
156.1.
793.3
207.8
Mei-. 18..
2,36l».5
19,508.6
19,508.8
19,510.1
1'3.5U.5
221.. 7
6.
13.
20.
27.
Mar. U..
Mar. 11..
1,500.9
19,508.1.
1,1199.9
Maj-
1,500.7
1.5(».5
1,500.5
1,500.3
!,%510.9
19,509.9
19,511.1
19,511.6
259. i»
May
May
May
1,'»99.9
151..
211. .7
206.
I4
lSl.6
210.0
190.0
1,501.11
1,500.7
1,502.3
1,500.3
1,500.1.
1,502.3
1,500.3
19,
5a.
19,5U.O
19,511.;
19,512.0
19,511.9
19,510.3
19,510.0
19,511.0
19,510.3
19,513.0
Tar Anticipation Serie
WSii-Mar. 22.
Apr. 27
1,500.7
2,501.7
.V((i/
m-i-
19
DEBT OPERATIONS.
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Dat«
Treasury Bulletin
.DEBT OPERATIONS.
Table 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Mail I9i4
.UNITED STATES SAVUfOS BONDS.
United States savings bonds were first offered In
Harch 19 75 and began to matijre In March 19^5
Series A-D
.
were sold between March I935 and the end of April igltl,
were first offered In May 19IH.
and Series E, F, and
When Series E began to mature on May 1, I95I, owners of
the matured bonds were offered three options;
To redeem
the bonds In cash In accordance with the original terms;
retain them with an extended maturity of 10 years at
specified rates of Interest aocruad; or to exchange them
bonds.
A number of changes became effective
for Series
to
May
1,
1952.
The principal ones were:
The rate of
details of these changes see 'Treasury Bulletin" for
May 1952, page A-1.
Series F and
began to mature on
Hay 1, 1953. For the exchange offering made to holders
of these bonds maturing through December Jl, 1953, see
the May I953 Issue, page A-1. The Treasury Invited
holders of Series F and G which begin to mature In January
195'^ to reinvest the proceeds In other series of savings
bonds. In the tables which follow, Series A-F and J sales
are Included at Issue price and total redemptions and
amounts outstanding at current redemption values.
H,
and K are Included at face value throughout.
Interest accrual on Series E was Increased, especially for
bonds
with corresponding ohenges In extended
Series E; and Series F and
were replaced by two new
Issues, Series J and K, also at higher Interest rates.
Matured
A new new current-Income bond,
upon which Interest has ceased.
the near term,
return to Series
E,
Series H, similar In Interest
was offered beginning June 1.
(rtiloh
have been redeemed are Included In redemptions.
bonds outstanding are included In the
Interest-bearing debt until all bonds of the annual series
have matured, when they are transferred to matured debt
F and
For
Table 1.- Sales and Redemptions by Series, Cumulative through March 31, 1954
(Doliar amounts In milllona)
Sea-lee
Series G,
Matured
22
Treasury Bulleli
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(Dollar oaiounta In millions)
Bedemptions
Sales plu
accrued
discount
^
Amount outstandli^
Sales
price
Series £ and H combined
35,37''
U18
6,739
It, 287
4,026
It, 278
3,993
3,272
3,296
U3li
536
633
753
895
1,035
lt,82l»
1,1U
lt,lt07
lt,06l
1,120
39,680
615
Ii,l*66
U93
579
696
818
971
1,080
1,120
1,128
1»,085
U,22lt
It, 208
3,668
3,190
3,575
lt,368
370
6,69lt
6,668
5,181
5,912
4,391
3,825
3,530
3,521
It, 295
4,008
4,038
4,288
3,689
3,368
3,326
3,987
3,583
3,538
195
307
425
500
29,097
30,358
30,791
31,625
33,127
34,494
34,506
34,905
36,048
lt0,295
9,568
9,517
5,330
3,813
3,575
3,274
3,667
3,688
3,622
3,625
51
93
116
154
174
245
348
476
531
30,727
30,263
30,997
32,188
33,766
34,493
34,727
35,324
36,663
35,792
7,173
659
5,032
887
307
It,
It,
It,
It,
959
U,661t
920
5,025
4,639
It ,270
It,
li,69lt
5,''96
5,423
3,930
3,728
3,448
3,912
4,036
4,098
4,157
3lt6
1*78
I127
31*3
It27
358
331
379
lt32
353
357
339
381
76
92
125
5,843
343 4/
506
lt85
370
361
407
U7U
330
308
347
Series F, 0, J, and E comblnad
13,461
2,873
2,920
2,209
2,863
1,680
i,8ri
629
501
14,725
2,962
2,609
3,071
1,626
2,4o6
770
586
432
96
108
13,491
2,905
2,968
2,270
2,935
1,763
1,961
726
610
14,770
3,002
2,663
3,139
1,704
2,493
863
686
542
35
36
54
93
100
135
588
4/
36,168
36,264
36,3U
36,391
36,509
36,663
lt32
ita2
15
51
48
36,887
37,029
37,r.'5
Mini
m4
23
.UNITED STATES SAVINGS BONDS.
Table 3.
Sales and Redemptions by Periods, Series E through K
-
(Continued)
(In mllllona of dollare)
Redemptlono 2/ i/
Saiea plus
accrued
dlecouat
Amount outatandljig { Interestbear liig debt]
Fiscal years:
19l,1.19l»5
igltfi
35,37''
1.18
6,739
287
U,CG6
U,278
3,993
3,272
3,266
3,700
1*31*
It,
19^7
ial»8
19l'9
1950
1951
1952
1953
35,792
7,173
6,69lt
5,912
5,8lt3
U,82li
"•,391
',659
5,032
It, 887
3,325
3,530
3,521
It, 295
It, 008
It, 032
U,288
3,689
3,368
3,326
3,987
536
633
753
895
1,035
i,ni
"1,377
1,120
It,
't,307
821
6,668
29,097
30,358
30,791
31,625
33,127
3,583
3,532
195
307
3li,lt9li
it25
3"*,
500
35,661t
116
30,727
30,263
30,997
32,188
33,766
3lt,506
875
Calendar years:
rAl-iyUj
39,680
19I.6
U,lt66
19l»7
11,085
li,22U
1A8
U,208
3,668
3,190
I?lt9
1950
1951
1952
3,393
3,906
1''53
615
U93
579
696
818
971
1,080
1,120
1,128
110,295
"1,959
9,568
li,661i
3,930
3,728
9,517
5,330
3,813
3,575
3,ltii8
3,27"'
3,912
3,667
3,688
3,622
3,609
920
5,025
U,639
It,
11,270
"<,513
5,03lt
5,lt23
11,036
"1,098
U.lUl
15"'
17"!
2lt5
3'',"t93
3lt8
3"*, 727
lt76
35,llt3
531
36,036
Man the:
3ltl
kj
35,7lt2
327
309
301
I136
NoTeoBber.
299
December.
331*
391
U59
392
353
369
359
328
306
36,169
"tSS
liDO
U78
ItOlt
3ltlt
36,317
l,J53-Jul7
Auguat. .
Septambei
390
385
329
378
278
February
March
.
.
502
ii/
35,303
35,810
35,»'3
35,927
36,030
October,
195^ -January.
15
51
lt8
36,2lilt
Series H 2/
Fiscal years:
30
360
1952
1953
30
360
Calendar year:
1952
1953
Months:
1953 -July
Aug\tst.
.
September
October..
Not ember.
December.
718
195li -January .
785
857
February.
March ....
Source:
Dally Treasury StatoBsnt; Bureau of the Public Debt.
Footnotes at end of Table U.
2U
Treasury Bulletin
.UlflTED STATES SAVINGS BONDS.
Table 4.
Redemptions of Matured and Unmatured Savings Bonds
(In mlillonfl of dollars)
Matured boDde
atur«d bonds
Porlod 6/
Total
umetured 2j
6,137
5,109
5,621
817
792
1,761
5,S»0
5,651
987
772
1,015
2,318
5,071.
6,ll»9
51.1
72
U80
200
179
248
159
197
SI"*
1(89
U38
SlU
7(A
560
598
5.320
'',317
"•,996
l4,(*6
602 8/
3,860
3,622
'',853
•,583
"•,571
9678/
•,879
•,059
3,831
8/
I170
U63
257
312
691.
1,126
987
522
47
250
968
1,328
245
962
1,326
37
113
37
118
113
180
IflO
U7
117
116
295
3't7
Dally Treasury Stateoent.
Details by eerlee on a cumulative basle and by periods for Merles A-D
ccanblned vlH be found tn the February 1952 and prerlous iseuea of the
"Trea£ury fralletin".
Includaa exchanges of matured Series E bonds for Series G boods beginning Maj 1951 and for Series E bonds beelnnlng May 1952.
Incl'^ee both matured and unmatured bends; see Table U.
Because of a change In procedure In July 1953 for processing redeened
eavlnga lends, the amount of redemptions not yet classified at the and
of July as between matured and unnat'jred was larger than nonsal. This
n8
116
113
153
175
113
153
5/
6/
7/
8/
•
Sales
price 1/
3".
280
335
241
280
318
181
ise
155
1.08
213
266
3,806
3,613
321.
271
238
270
308
253
217
221
265
302
395
199
2lt9
situation was reversed In subsequent months as these redemptlcEns were
classified. Since the unclassified redemptions are Included In these
tables at Issue price, the relation between Issue price and accrued
discount Is Bcmewhat distorted also.
Sales began June 1, 1952.
Ccaparahle data ere not available prior to January 1950.
Includes redemptions not yet classified between matured end unmatured.
Includes eichanges of Series 19^1 F and G savings bonds for Treasury
3-1 A* bonds of 1978-^.
Less than $500,OOC.
Mail 1954
.UNITED STATES SAVINGS BONDS.
Table 5.
Sales and Redenptions by Denominations, Series E and H Combined
(in thousands of pieces)
Total, all
$10 2/
$200
UiatloDS
^
Fiscal jearo:
19'tl-'<5
1*6
1*7
1*8
1*9
1950
1951
195S
1953
862,683
165,039
71,356
58,971
9,223
8,505
2,095
623,733
112,071
•5,876
522
611,576
3*
36,11.6
39,1*00
61., 301*
335
128,08U
11,1.25
100,769
lit, 693
7,803
7,777
8,550
1,311
801
816
916
39,150
11,81.1
8,651.
917
61i,299
1*1,751
50,701
51*, 380
11,786
13,129
11., 372
7,61.9
80,1.85
11*4,232
110,832
13,757
10,099
8,1*92
769
916
7,650
S03
10,61.0
8,21.6
21., 271*
10,896
9,901
7,559
8,211
Calendar yeara:
1*1-U5
1*6
1*7
1*8
1*9
1950
19^1
1952
1953
992,118
93,502
111, 963
62,571.
971.
61,813
65,118
1*35
371
697,925
62,769
39,219
37,659
39,572
62,929
68,069
77,271
31., 390
lUl
39,050
U,66o
8,253
1*5,661
12,11.8
7,1.30
52,808
13,773
15,235
7,721
8.606
l»,191
56,71.3
11,826
Mentha:
1953-July
Augua t
Septonber.
Oc tober . .
NoTemiber.
December.
195** -January
.
.
.
p,
February p.
March p. . .
Inceptlcn to date p
7,011
6,736
6,786
l.,695
7,035
6,866
7,502
1>,736
1»,659
1,286
5,035
1,381
7,51lt
l*,885
l.,386
1,381
1,208
5,287
1,1.68
"•,531
l*,5'*l
6,713
8,036
l.SgO.OltS
21,076
1,270
1,216
1,260
1,21.9
21.7,1.28
676
766
178,302
738
726
11,753
2,065
1,61.5
1,571
1,569
^
Treasury Bulletin
26
.
TREASURY SAV11C3 ROTES.
Treasury tax and eavlngs notee have been Iseued as
follows:
Tax Series A from August 1, ig"*-!. through
June 22, 13^'}; Tax 3erles B from August 1, I9U1, through
September 12,
191*2;
Savings Series C (originally designated
Tax Series C) from September 1I+, 19'+2, through August Jl,
13^S; Savings Series D from September 1, 19'*8, through
May lU, 195I; Savings Series A from May I5, I95I, through
May Ih, 1953; Savings Series B from May I5, 1953, through
September 25, 1953; ""'' * n^* Savings Series C from
Similar information with respect to the offering of the
earlier series was published currently in the "Treasury
Bulletin", and appears also in the "Annual Report of the
Secretary of the Treasury" for appropriate years.
In the following tables sales and redemptions of
Treasury savings notes are shown at par value. Matured
notes redeemed (either for cash or for tax payment) are
included in the figures on redemptions. Matured notes
conditions for purchase and redemption and information on
outstanding are reflected in the interest-bearing debt
until all notes of the annual series have matured, when
they are transferred to matured debt upon which interest
Investment yields of Savings Series C appear in the
has ceased.
October
1, through October 23, 1953, "hen sale of these
notee was suspended.
Details concerning terms and
October 1953 Issue of the 'Treasury Bulletin", page A-1.
Table 1.- Sales and Redemptions by Ser les. Cumulative through March 31, 1954
(In millions of doliare)
Serlee
SLii /9T-f
27
.OWHSRSHIP OF rEKERAL SaBCURITIIS.
Table
1.
Distribution of Federal Securities by Classes of Investors and Types of Issues
(In mlllicoB of dollars)
IntaroBt-boarlng oecurltles iBBuod
by the U. S. GoTanmant
fisc&l
7oar
or loontta
Eeld by U. S. Gorertment
Inreetaeot accounta
Total
Fedar&l
eecurltloe outstoudli^
1/
Intareet -bearing aecurltles guaranteed by the U. S. c;o7Qrni&eiit kj
Held by
Held by prlrate
liiTeetcara
2/
Hold by
Federal
Reeerve
Total
outatandlng
public
leeues
marketable
laeuea
Inveatca:^
2/
Inrea'bDent
Total
Public
marketable
IsBues
Held by prlrate
U. S.
GoTemoent
accounta
outstanding
Federal
Baeerve
BBoka
Public
Public
marketable
Issues
2/5/
19^5
19U6
259,115
269,899
258,376
252,366
252,798
19l'7
19lt8
igug
1950
1951
1952
256,357
268,111
255,U3
250,063
250,762
2't,93'»
29,121
32,809
35,761
38,288
6,122
6,789
18,802
22,332
27,366
debt
bearing
marketable
leeuaa
6/
209,630
215,206
153, "^21
159,06"i
56,209
'•09
375
56,1"»3
U67
'•2I^
200, "132
l"^l,"t23
192,936
193,131
133,567
59,010
59,369
130,1417
62, 71"^
2,012
199,0"^8
67, '•19
2,150
2,372
5,550
5,512
30,2U
21,792
23,783
21,872
21,366
32,776
19,3'>3
5,'^7'»
32,356
3'^,653
37,739
18,331
22,982
22,906
188,911
189,623
"•0,538
2"»,7'^6
191,6"»0
131,629
111,663
115,185
119,129
72,511
2,126
19"t,705
120,709
73,996
2,100
72,686
72,896
2,067
2,062
2,195
5M3
"•5
2,350
1,321
3,179
2,23"'
255,209
252,852
256,663
37,830
to, 958
1953
257,377
255,251
259,151
266,123
263,9'i6
''7,560
6,305
6,596
7,021
1952 -D«!..
267, W»5
265,293
'15,891
6,7'i2
39,150
2"^,697
1953 -JuU.
Aug..
Sept.
272,732
273,269
273,001
270,603
•7,599
2"*,96lt
198,0"«3
125,35'4
'•7,973
'•8,035
7,005
6,986
7,07b
'•0,59'^
271,1'fl*
"•0,988
'•0,958
25,063
25,235
198,108
197, "iTU
125,212
12U,059
Oct..
Hot.,
Deo.
273, '•52
275,282
275, 2Wt
271,291
273,128
272,881
7,077
7,156
7,116
"•0,888
"•1,013
"•1,197
25,3'»8
197,979
12U,ll8
25,095
25,916
199,86l»
126,0'^1
73,860
73,822
198,652
125,165
73, '•87
2,097
2,082
2,288
27'*, 92'*
272,632
272,536
267,823
'•e,25l^
7,2'^5
'•8,291
7,221
7,202
"•1,009
'•1,070
"•1,002
21t,639
2'^,509
2'^,632
199,739
199,735
126,312
126,335
121,812
73, '«7
73, '•00
2,2"^7
73, 17'^
2,"^13
195l»-jaB.,
Fet.
Har.
27'>,859
270,312
270,7141
'''»,335
'•7,96'^
"•8,169
'•8,313
'•8,20'^
19'^,987
Source: Sallj Treasuiy Statooent for total amouate outstanding; reports
traa agencies and trust funds for securities held by U. S. Goremmsnt
Investment accounts; and reports from Federal Reserve System for
securities held by Federal Beserve Banks.
1/ Includes certain obligations not subject to statutory llmitatlcm.
For amounts subject to limitation, see page 1.
2/ Includes accounts under the control of certain 0. S. Goremment
agencies vbose investments are handled outside the Treasury; excludes
Federal land banks after June 26, 19"^7, when the proprietary interest
of the Uhlted States in these banks ended.
i/
kJ
5/
6/
•
77,21(9
7'', '37
73, '•15
2,217
The total aiQount of Interest-bearing socuritios held by private
investors is calculated by deducting from the total amount outstanding the amount held by U. S. Government investment accounta and
Federal Reserve Banks
Eicludes giiaranteed securities held by the Treasury.
All public marketable issues.
Consists of Conmodity Credit Corporation demand obligations stated
as of the close of the previous month.
Less than $500,000.
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts Handled by the Treasury iJ
(In millions of dollars; negative figures are net sales)
-9.5
-2.8
-.5
-20.9
12.0
30.0
-90.3
-105.1
19'^5.
-lU.5
•9.9
-67.5
19'*6.
-8.1
19'«5.
19"^1.
19'^2.
19't3.
V^.
-1.6
-.7
-"•8.1
-.7
19't7.
19W.
176.9
19l^9.
8.8
1950.
1951.
-6.6
36.8
1952.
1953.
22.1
-2.3
-8.'^
-IU5.8
20.5
-56 .U
-67.8
-18.5
-17.0
-15.8
-19.0
-69.8
-359.2
1.1
-157.8
-609.1
.3
106.8
5.1
6.3
"•82.7
2l».6
6.7
8.8
12.9
7.0
-"•.0
-22. "•
.5
."•
-35.2
-16.5
-55.6
-Ifl.O
3.3
-61.3
-12.1
.!•
-338.6
-.2
-"•1.2
-7"^.l
-308.1
'•.'•
-123.1
7.2
1.5
1.1
8.U
-5'».7
-88.".
3.8
"•.6
-1.9
5.1
3.5
-2.0
5.0
2.8
19.9
36.2
2.9
35.9
ConalBta of purchases or sales mMe by t^e Treasury of seourities
Issued or guanntesd by the U. S. Govammant for (1) trust funds vhloh
by Uw are mder the control of the Secretary of the Treasury or of the
Treaauror of the Iftilted States, and (2) accounts under the control of
certain U. S. GoTemmant agemcles whose Invee^iwita are handled through
the facilities of the Treasury Departaoit. It vlll be noted that thees
11.".
'•.7
3.5
7.9
"•.8
-2.7
-28.1
-12.5
38.'t
-12.0
-57.6
221.0
-1.7
5.8
8."t
11.5
10.7
-3.6
16.5
17.0
transactions differ from those reflected in Table 1 because they
aiclnle thoss Goverasant Investmait accouits for which investasnts
are not haiklled by the Treasury. Table 2 also incluioe purchases
mdar Section 19 of the Second Liberty Bond *ct, as amended
Fund.
(31 n.S.C. 75"t a), and excludes the Exchange Stablliiation
Less than $50,000.
8.2
.6
Treasury Bulletiu
.OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estlmated Ownership of Federal Securities
(Par valuefi l/
-
In blllloDfi of doLLara)
Held by prlrate nonbank Investors
Held by banks
Total
Federal
securities
outstanding 2/
U. S.
Federal
Reaerre
Banks
banks
1/
OoTemiDdnt
Inveatment
accounts k/
i»7.6
18.
15.9
6.5
22.7
iqUO-June
December ...
1.8.5
18.6
19.5
16.1
17.3
7.1
22.8
23.9
19^1-Jun8
December.
55.3
21.8
23.7
1939 -December.
.
.
a.
28.7
26.0
.
77.0
112.5
1*7.3
1*1.1
59.1*
. .
lUO.8
170.1
52.2
59.9
191*2 -June
December.
.
19lt3-Juna
December.
IQUU-June
December ....
.
. .
19i47-June
December.
,
.
.
December.
.
.
19lt9-June
December.
1950 -June
Dec amber .
.
.
ll*.9
1*6.3
18.8
53.3
31.2
36.2
18.9
1.2.9
21.1.
22.9
23.8
23.3
28.0
29.1
30.9
135.1
132.6
130.7
61*.
1*3.3
1*3.5
1*4.2
20.8
20.0
20.1
21*.
63.1.
258. li
20.9
21*.
257.0
19.1*
23.9
93.8
10S.2
97.9
81t.l.
252.9
252.8
257.2
85.8
7l*.5
61*.
21.1*
35.8
62.5
23.3
37.3
Se.k
85.7
65.6
61.8
61*
.2
65.8
65.5
1*7.1
U7.8
66.8
66.3
1*9.3
67.1tr
66. 3r
1*9.9
1*9.6
17. 6r
16. 7r
19.8
18.7
11.6
10.9
l8.1.r
13l*.9
13l*.5
132.9
132 .2
131.8
66.3r
65. 5r
65. Or
1*9.3
1*1.0
17. Or
16 .Ur
16 .Or
61*.ar
17.9
17.1
16.8
16.5
10.5
10.2
10.1
9.8
20. 3r
20. Or
20 .2r
20. 5r
132.5
130.8
61.
9.8
9.6
9.7
19. 9r
18. 9r
22.5
22.9
23.7
1*3.0
,
60.1
61.1
61.6
132.1*
Ci-i.Or
1.9.1
1*9.0
1*9.0
,
267.1*
63.1*
21*
.7
1*5.9
133.1*
61*.
8r
1*9.2
267.5
267.6
131*.
85.8
1*6.2
135.7
83.lt
1*6.3
131*.
.9r
65 .2r
65.1.r
1*9.3
261..5
23.9
23.9
23.8
1*6.0
Maroli
62.8
61.9
59.5
April
261* .6
83.0
82.8
83.6
59.1
58.6
58.8
23.9
1*6.3
.2
1*6.3
21*.
1*7.6
135.3
137.0
135.0
88.1*
63.5
62.7
62.5
25.0
25.1
25.2
1*7.6
273.5
275.3
275.2
62.7
63.8
63.6
271*.
61*
271*.
63.0
. ,
, ,
ISS"* -January
February p.
.0
7.8
7.9
.8
132.2
132.1
82.6
87.7
87.8
13.6
11.
135.6
85.
266.6
266.1
11.6
37.8
39.2
39.1*
258.1
259.2
262.7
272.7
273.3
273.0
12.0
11.5
6.7
6.5
6.3
38.3
259.5
July
Ausu3t
September,
18.6
17.6
19.9
17.7
15.3
19.3
18.9
59.5
61.6
May
June
21..
18.3
83,2
85.3
21*.
5.3
6.5
18.0
17.0
257.1*
.0
9.6
10.7
U8.8
22.9
23.0
23.7
23.8
81*
l*.5
3.2
1*0.7
U6.7
3.9
l'.3
61*.
57.8
NoreBnber,
Deceonber.
9.2
11.3
59.5
58.1*
October
3.7
8.7
10.3
128.2
136.6
80.7
.,
3.1*
27.0
279.8
269.9
259.5
3.1
30.9
37.6
81.1*
1953 -January
February ....
^
13.1*
255.0
255.3
.
it/
16.9
9.1
82.6
oeptembor,
December,
3/
67.0
81.7
5.1*
256.7
. ,
1?55 -March
1/
11*.
3.6
21*.
257.'*
1951-March
June
September, .
December, .,
2/
37.7
53.0
U.2
13.6
21*.
252.
19148-June
10.6
12.2
3.1
6.5
6.9
21.8
106.0
115.0
.
IQlio-February (Peak)
December.
71.5
202.6
232.1
I'lUj-^une
December.
8.5
9.5
.
.
State and
Corpora local
tlons 6/ govemnents jj
Individuals 5/
20.8
1*2.0
1*2.3
65. 8r
.7r
1*9.1
1.9.0
1.9.1
15.7:
11.1.
19. 7r
9.1
9.1*
9.5
9.6
16 .7r
16.3
15. 6r
15.9r
15.7r
15.7
16.2
16.1
9.5
20 .2r
1.9.1*
15 .6r
15. Sr
1*9.5
15.9r
16.2
16.2
16.0
9.5
9.6
9.6
20. 6r
21. Or
20. Or
11.1*
65. 5r
65 .9r
66 .Or
1*9.6
15. 9r
16 .6r
16. ar
16.0
16.0
16.0
9.5
9.6
9.5
19. Sr
11.5
20. 8r
l8.7r
U.9
65. ?r
65. or
65. 7r
1*9.3
16 .6r
15. 3r
16. 5r
16.0
16.0
15.9
9.5
9.5
9.5
20. Or
20. 7r
12.2
12 .3r
1*8.0
136.7
137.6
137.2
20.l.r
12.1.r
25.3
25.1
25.9
U8.0
137.1*
1*8.3
137.1*
16 .2r
16. ir
16 .2r
15.9
15.9
15.8
9.3
9.3
9.2
20 .9r
21. 7r
21. 5r
12.1*r
138.2
65 .Ur
65.3r
65. 5r
1.9.2
1*8.2
2U.6
1*8.3
1*8.3
138.0
139.1
65.5
65.5
1*9.1*
16.1
16.1
15.7
15.7
21*
21*.
.3
1*5.1
1*1*
U8.0
United Statea savings bonds,
A-F and J, are Included
current redemption values.
Securities issued or guaranteed by the U. S, Government, ezclxkllng
guaranteed securities held by the Treasury.
Consists of conmierclal banks, trust companies, and stock savings banks
In the United States and in Territories and Island possessions.
Figures exclude securities held In trust departii»nta
Holdings by Federal land banks are included under "Mlecellaneoua
Investora" instead of "U. 3. Government Investment accounts" after
June 26, 191*7, when the proprietary Interest of the United Statea
In these banks ended.
Includes partnerships and personal trust accounts. Nonprofit instltu-
61*
1*9.3
1*9.3
1*9.3
1*9.3
1.9.3
1*9.3
1.9.1.
19.1.r
11.2
U.3
12.0
12. 5r
p
tlons and corporate pension trust fuais are included under "Miscellaneous investors".
Exclusive of banks and Insurance companies.
Ccoalats of trust, sinking, and investment funds of State and local
governments and their agencies, and Territories and island posseeeione.
Includes savings and loan associations, nonprofit institutions,
corporate pension trust funds, dealers and brokers, and Investn^nts of
foreign balances and international accounts in this country. Beginning December 191*6, Includes investments by the International Bank for
Reconstruction and Developnent and the International Monetary Fund In
special nonlnterest-bearlog notes issued by the U. S. Government.
Preliminary.
r
Renrlsed.
:
6/
2/
8/
SLaj /VT4
29
.TREASURY SURVEY OF OWNERSHIP, FEBRUARY 28, 195U
The Treasury Survey of Ovmerehlp covers eecurltles
lesued by the United Statee Oovernraent and by Federal
agencies. The banks emd Insurance companies Included In
the Survey account for approximately 95 percent of such
securities held by all banks and Insurance companies In
Data were first published for
the United States.
March 31, 13^1, In the May 1941 "Treasury Bulletin".
Section
I
Distribution of ownership by types of banks and insurance companies Is published each month. Holdings of commercial banks distributed according to Federal Reserve member-
bank classes and nonmember banks are published for June 30
and December 3I. Holdings by corporate pension trust funds
are published quarterly and first appeared In the March
Bulletin for quarters beginning December 3I,
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par ralues
-
in iillllonB of dollara)
191^9.
I'j^k-
30
Treasury Bulletin
.TREASURY SURVEY OF OWJtERSHIP, FEBRUARY 28, 195U.
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values
-
In
mlHlona of dollars)
Mail 1934
Treasury Bulletin
32
.
Section
II
-
TREASUFy SURVEY OF OWHEPSHIP, FEBPUABY 28,
1951»
Interest-Bearing Securities Issued by Federal Agencies but
not Guaranteed by the United States Government
(Par Taluee
-
In millions of dollars)
Mail
m4
33
.MAEKET QTOTATIOHS ON TREASURY SBCUEITIES, MABCH 31, I95U
Current iiarket quotations shown here are over-the-
public marketable securities issued by the United States
counter closing bid quotations In the New York market
for the last trading iay of the month, as reported to
Oovernraent except Panama Canal bonds.
the Treasury by the Federal Reserve Bank of New York.
The securities listed Include all regularly quoted
Government are excluded because they are not regularly
Outstanding
Issues which are guaranteed by the United States
quoted In the market.
Table 1.- Treasury Bills (Taxable)
Amount
Treasury Bulletin
3^
.MAEKET QUOTATIONS ON TREASUHY SBCUEITIES, MABCH 31,
Table 3.- Other Taxable Issues
(Price doclmalB are 32nds)
Amount
(Continued)
1951+.
m4
Slaii
35
.MABKBT QTOTAIIOHS OH TREASURY SBCUEITIBS, MARCH 31, I95U.
\.
ro
a:
<
jjj
O
o
<n
o
>-m
o>
CO
<
LlI
1
1
s
-5
O)
•"
"3
CD
CD
<
C/)
Q
—
o
36
Trcasiirif
BuUetin
.AVKRA^E YIELDS OF LONG-TEEW BONDS
Table 1.- Average Yields of Treasury Bonds and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)
Taxable
Treaaury
bonds
Moody's Aaa
corporate
bonds
Taxable
Treasury
bonds
1/2/
1/2/
Annual series
191*2
2.1*6
191*3
2. 1*7
I9W*
2.U8
2.37
2.19
2.25
19J15
I9W
19^7
-
2M
2.83
2.73
2.72
2.62
2.53
2.61
191*8.
2.1*2
Feb.
Mar.
Apr.
Jime
July
2.39
2.38
2.38
2.38
2.38
2.27
2.71
2.71
2.70
2.70
2.71
2.71
2.67
2.62
2.60
2.61
2.60
2.58
1951-Apr...
Hay...
Aug,
2.21*
Sept
2.22
2.22
2.20
2.19
Maj".
Oct.
KoT.
Dec.
1950 -Jon.
Feb.
Har.
Apr.,
May.
June,
July,
Aug.,
Sept,
2.20
2.21*
2.27
2.30
2.31
2.33
2.31*
Not.,
Dec.,
2.33
2.36
2.38
2.38
2.39
1951-Jan.,
Feb.,
Mar.,
2.1*7
Oct.
2.57
2.58
2.58
2.60
2.61
2.62
2.65
2.61
2.61*
2.67
2.67
2.67
1950.
1951.
1952.
A-ug...
Sept.,
Oct...
Nov...
Dec...
1952-Jaa. ..
Feb..i
Mar...
Apr. .
May...
June..
July..
Aug...
Sept..
Oct...
Nov...
Dec...
1953-Jan...
Feb...
Mar...
-
y
ayereges of dally series
2.56
2.63
2.65
2.63
2.57
2.56
2.61
2.66
2.70
2.91*
2.9U
2.96
3.01
2.71
2.70
2.57
2.61
2.61
2.70
2.71
2.71*
2.71
2.75
2.97
3.09
3.09
2.99
3.00
2.97
2.83
2/
2.93
2.96
2.93
2.93
Feb.
Mar.,
3.21*
3.23
3.26
3.29
3.25
3.22
3.19
3.06
3.31*
3.1*0
3. oil
2.79
2.96
2.60
2.51
2.90
2.85
2.73
1951* -Jan.
2.71*
2.61*
1953 -Apr.,
May.,
June.
July.
Aug..
Sept.
Oct..
Nov.
Dec.
3.28
3.21*
3.29
3.16
3.11
3.13
3.06
2.95
2.91*
2.95
2. 91*
2.95
3.01
2.98
2.97
3.02
3.07
3.12
2.66
2.66
2.78
2.39
2.1*0
Taxable Treasury bands,
due or callable - l/
From 12 to
20 years
3.16
2.66
2.62
2.31
2.32
2.57
2.68
191*9.
July..
Moody's Aaa
corporate
bonds
calendar year averages of monthly series
Monthly aerlea
191*9 -Jan.
Taxable 1i*easury bonds,
due or callable - 1/
Moody's Aaa
corporate
bonds
1/
20 years
and after
Moody's Aa
corporate
bonds
Taxable Treasury bonde, Moody's Aaa
due or callable - l/
corporate
bonde
Pram 12 to
20 years
Taxable Treaaury bonds, Moody's Aaa
due or callable - 1/
corporate
bonds
From 12 to
20 years
Siu\i
iVT4
37
.AVER«JE YIELDS OF LONG-TEI*! B0NI6.
Treasury Bulletin
3S
.
mTE3?BAL REVniUE COLIZCTIOHS
Table 1.- Smmnary by Principal Sources
i/
(In thouaaoLB of dollare)
IndlTldual InccBo tax and onploTnont taxoe
AdJnrtegDt of
ooULttotloiw
to ^vd^at
r«o*lpta
19^5
191*6
191*7
191*8
191*9
1950
1951
1952
1953
Fehruar7.
March...,
10,26lt,219
9,857,589
1,307,931
1,237,825
9,31*2,282
1,1*58,931*
281,758
281,258
379,555
9,1*61*, sol*
11,553,669
11,533,577
10,055,502
1,602,721
1,687,151
560,113
562,731
186,189
178,715
185,876
208,508
226,228
10,851*, 351
19,797,883
7,261*, 332
1,873,1*01
II*, 387, 569
21,1*66,910
21, 591*, 515
26,6211,788
9,907,539
U,3l*5,o6o
9,888,976
13,089,769
518,038
579,778
620,622
628,969
223,135
236,952
259,616
273,1821
3,752,858
5,785,981
650,737
32'*,338
326,1*61
2,12li,6l5
11,606,713
l*,33l*,937
1,766,879
2,032,213
1,631,111*
1,792,397
1,131,183
312,661
3,091
67,509
8f,69l
1,789
13,836
7II
3,202,827
6,372,001
3,097,810
1*77,665
318,122
1,882,291
2,020,637
1,556,682
566,172
78,836
77,050
361,365
1,933,761
1,397,601
111,999
3,222
70,097
81,736
1,817
li,93l
2,071
2,371,889
1,050,976
2,697,997
1,111,675
5,191,612
101,828
3,651
57,235
91,159
31,128
183,190
5,377
10,171*, 1*10
38,957,126
1*3,800,338
1*0,671,922
39,108,273
51,106,095
+660,1*09
50,1*1*5,686
65,6311,891*
+625,502
69,930,655
+2lil*,lli5
65,009,393
69,686,509
6,268,205
12,819,51*0
-2,018,21*5
+1,520,591*
Railroad
retirement
9,501,015
1*1,8611,536
1*0,1*63,119
195lt-januBry..
Old-age
insurance
taxes kj
8,81*6,91*7
-155,83U
+771,852
y
8,770,091*
+1*91,1*82
31,71*8,631 2/
withheld
21,367,662
23,379,123
20,527,935
39,1*1*8,607
-U,051
y
20,1*05,361*
+101,661*
-361,589
•271,136
IndlTldual
Income tax
not withhold
20,813,1*91
1*3,902,002
1*0,310,333
39,379,1*09
1*1,853,1*^
1*0,307,285
1953-July
August...
September
October.
Horenber.
Decenher.
collectlcou
Corporation
Inccnd and
profltB
taisB 2/
16,027,213
12,553,602
9,676,757
33,738,370
37, 251*, 619
11,1*30,362
Iili5,2li6
3,52l*,3'*3
8,286,1150
11,298,91*6
1*01,136
6,1*83,01*1*
7,353,717
3,196,360
7,996,320
11,1*03,91*2
91,185
17,929,01*7
21,a30,30Tr
2,810,750
3,581,026
3,818,219
stall
I'n-i
39
-mTERBAL
REVETTUE COLLECTIOBS-
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
"
I
M
»mmmmm
.Manufacturers' and Retailers'
laxes
Excise Taxes
bxcise
h
^::^ifnfffi
•43
'45
47
'49
.
Liquor and Tobacco Taxes
I
mt
•43
rara
'45
'45
'47
'49
"47
'49
other Internal Revenue
Estate and Gift Taxes
B of ttw Sacratory of the Trsosur;
^Umii
"47
'49
'51
^^-Wll
•43
'45
Ill
Treasury Bulletin
1+0
.
JJITKKMAL REVENUE COLI£CTIONS.
Table 2.- Detail of Collections by Type of Taxi/
(In tbousaDde of dollare)
First 9 mntha
of fiscal jear
21,U66,910
Corporation income and profits taxes 2/
Ninth moQth of
fiscal year
1953
195^
21,591*, 515
ll*,
898,112
13,622,251*
6,171,089
9,161,282
18,036,327
8,687,750
,698,01*7
19,693,71*7
1*75,61*2
1*68,391*
250,31*1
260,887
327,686
91,058
8,672
27,923,592
29,110,778
3,125,1*63
Ind iTl dual income tax and employment tares:
Income tax not vlthheld j/
Inccme tax vlthheld and old-age Insurance k/
Railroad retirement
Unemployment Insurance
11,5115,060
11,603,91*2
21,313,072
620,622
259,616
21*, 71*8,52 6r
Total individual income tax and employment taxes
33,738,370
37,2511,619
628,969
273,l8ar
Miscellaneous internal revenue:
Estate tax
Gift tax
Liquor taxes:
Distilled spirits (ijiiported, excise)
Distilled spirits (doaestic, excise)
Distilled spirits, rectification tax
Wines, cordials, etc. (Imported, excise)
Vines, cordials, etc. (domestic, excise)
Dealers In distilled spirits; rectifiers;
of stills ( spec lal taxes
Stamps for distilled spirlta intended for
Case stamps for distilled spirits bottled
Container stands
Floor taxes
..•..
Fermented malt liquors
Brevers; dealers In malt liquors (special
187,^79
l,ll02,220
31,812
3,753
68,621
591,613
629,598
75,070
106,691*
93,313
62,922
78,1.35
201*, 79I*
155, 9l«
1,227,816
178,768
18,167
1,21*1,787
11*0,61.6
19,326
3,122
55,323
2,751
328
6,612
12,1*23
113
l,6ltl,932r
26,81*5r
2l*,U65
3,956
76,579
3,020
56,996
16,272
12,602
20
753
9,958
27,853
561,218
manufacturers
15,21*9
export
in bond
28
1,285
12,080
93,808
1*,017
27
881
9,867
262
565,728
3,959
2,o8l»,66o
2,091,1*75
512
37
7
3l*,23li
7
1,586,775
3,821
1,206,189
2,823
1,123,198
2,892
138,065
328
17,21*4
12,81*3
12,01*9
1,1*13
506
1
17
1*91
17,752
717
1
19
1,565,162
1,6511,911
1,256,931*
Bonds, Issues snd transfers of capital stock, deeds of
conveyance, etc
Flaying cards
Silver bullion sales or transfers
77,556
7,353
82,61*0
61,31*2
61,361
7,582
5,910
5,1*32
Total stamp taxes
81.,995
taxes)
Total liquor taxes
727,6oli
5,l't8
21*
1.020
13,31*9
27,956
762,983
5,215
2,5119,088
Tobacco taxes:
C Igars ( large
Cigars (small)
C igarettee ( large
C Igarettes ( small )
Snuff
Tobacco (chewing and smoking)............
C i^farette papers and tubes
Leaf dealer penalties, etc
Cigarette and cigsr floor taxes
Total tobacco taxes
1*6,277
1*9
l,i7lt,06o
It, 796
22,817
31*,
2
83
1,121*
77
59,11.1
1*5
3,809
29
1*
11.3,621
Stamp taxes;
^
Manufacturers' excise taxes:
Lubricating oils
Gasoline
Tires snd tubes
Automobile tnjcks and busses
Other autonkobilee and motorcycles
Farts and accessories for autconoblles
Electrical energy 6/
Electric, gas, and oil appliances
Electric light bulbs and tubas
Rsdlo Bets, phonographs, televisicn seta, ccmiponents, etc
Phonograph records
Musical Instruments
•
Mechanical refr5gerators, alr-coodltionars, quick-freeze
units , etc
Matches
Business end store machines
Photographic apparatus
Sporting goods
Firearms, shells, and cartridges
Pistols and revolvers
Mechanical pencils, pens, and lighters 2/
Total manufacturers * exc ise taxes
Footnotes at end of table.
5,128
715
71*
95,286
67,326
66,810
^,6n
73,321
890,679
671*, 912
73,795
606,813
161,328
180,01*7
132,190
111*, 1*06
lU7,lili5
210,032
785,716
11*7,112
U3,077
177,921*
521,873
132,257
635,126
99,812
113,390
78,888
30,736
36,681*
25, 7K
118,21*1*
159,383
7,617
U,0l*8
llU,lltl
66,982
25,028
103,120
6,105
6,968
87,1*21*
11,938
59,267
6,858
38,573
22,225
10,956
9,025
696
9,308
2,862,788
2,052,168
713,17lt
578,11*9
l6l*,135
5,587
64,885
16,364
14,045
78,816
ll.,315
53,091*
89, 51*1'
6,880
9,1*12
57,970
8,032
1.8,515
33,766
16,501
10,679
1,172
2,3'^,9''3
6,95c
50,259
29,1*01
15,81*5
12,11*8
983
5,353
8,201*
(Continued on folloving page)
8,113
4,708
16,115
844
747
1*9,206
6,256
36,621
21,005
8,832
8,1*61
71*5
8,833
994
3,995
1,901
1,211
610
66
675
242,799
siuti
m4
1+1
-INTERNAL KEVENUK COLLECTIONS.
Table 2.- Detail of Collections by Type of Tax
{
i/ -
(Contlnuedl
In thousands of dollars
First 9 months
of fiscal year
1954
(March 1954)
MlBcellaneous ia temal rerenxie
Retailors • excise taxes:
Furs
Jewelry
Luggage
Toilet preparatlcsis
-
[Ccntlnued):
17
220,339
90,799
112,892
Total retailers • eic ise taxes
475, 1*66
11,163
'i9,923r
23li,659r
ia,758
95,750r
115,6Trr
73,617
88,269
Ii96,009r
387,807
29,836
167,579
65,786
5,068
15,253
811,575
7,805
1,211
151
1,860
1,957
3117,775
33,166
5,179
55, soil
5,576
U3,28l
30,837
2,135
5,OltO
^
Miscellaneous taxes:
Sugar Act of 1937
Telephone, telegraph, radio, and cable facilities
Local telephone service
,
Transportation of oil by pipe line
Transpojrtatlon of persona, etc
•.......•.,
Transportation of property
,,
,
Leases of safe-deposit boxes
,
Admlaslona to theaters, concerts, etc
Mmlsslons to cabarets, roof gardens, etc
Club duos and Initiation fees
Bowling alleys , pool tables , etc
Coin operated derlcos
Adulterated and process or renovated butter, and filled
cheese
narcotics. Including marihuana and special taxes
Coconut and other vegetable oils processed
Rational Flrearaa Act
Dleael oU g/
Wagering taxoe X/*
••••
•
•
All other, Including repealed taxes not shown separately
Total mlscellaneouB taxes
Total miscellaneous Internal revalue
78,130r
58,1170
'il7,9U0r
310,337
26,881
357,933r
28,378
275,17't
287,ii08r
388,589
10,211
330,817
lil9,6olir
313,733
260,999
20,579
220,135
311,372
8,211
237,981
35,351
25,695
3,019
15,162
......
Adjustanent to budget receipts
....,
10,368r
312,831
Its, 1*89
116,691
33,592
3,597
18,823
36,829
7,138
3,1111
16,505
6
929
17,957
7
15,091
K>,lt75r
6I17
1,261
l,9't7,31i
Total internal revenue collocticsis
Bulget receipta frcm Internal revenue
78,U73
395, I* Sit
316,287
272,l8lt
21,660
193,933
2911,055
5,928
207,1*35
28,1911
21,223
2,783
13,182
32
21,91li
90,675
83,727
305
lU,712
33,667
853
7,793
157
21,225
3,716
3,236
3,61i6
887
61I1
5
580
13,728
6
11,221
8,030
608
S68
11,679
69
l,lt69
6
13,756
1,0711
7,1163
712
62li
16
163
169,999
20ll,llll2
2,06l,138r
650
9,8ol»,112
10,837,375
8,078,709
7,829,1118
978,061t
65,009,393
69,686,509
50,900,lilli
50,562,180
10,2711,615
•1625,502
-i2ltli,lli5
492,7111
+2711,197
+1,437,829
+1,520,594
65,6311,8911
69,930,655
ll,712,li¥i
12,819,540 2/
Source: Internal Eevenue Service for collections by type of tax; Dajly
Treasury Statement for budget receipts flxn internal revenue through
the fiscal year 1953, azid the new "Monthly Statement of Receipts and
Expenditures of the United States Government" for receipts thereafter. Certain detail by type of tax la available only In Internal
Revenue Service reports. Differences in the amounts reported for a
given period by the two sources arise because certain taxes are paid
currently Into Treasury depositaries, and the depositary receipts,
as evidence of payment, are attached to quarterly returns to the
Internal Revenue Service. These deposits are included currently In
Treasury reports of internal revenue receipts but are taken into the
accounts of the Internal Revenue Service after the returns are filed.
1/ Excludes collections for credit to certain trust accounts for island
possesBlone; inclulee corporation Incono tax on Alaslia Railroad
(repealed by Public Law 386, approved June 10, 1952, for taxable
years ending after tiiat date)
2/ Includes excess profits taxes on Army and Navy contracta imposed by
the Vinson Act as anezuled (34 U.S.C. 496), and Income tax on buslneas
inccme of exempt organizations Imposed by the Revenue Act of 1951,
approved October 20, 1951.
Income, Ijiqposod by
i/ IiKludes old-age insurance tax on self-em^iloymant
the Social Security Act Amonlmonta of 1950 (Public Law 734), approved
4/
^
6/
7/
8/
2/
»
r
50,836,377 2/
11,298,9116
August 28, 1950. The tax is levied and collected as part of the
IMlvidual inccme tax beginning with the taxable year 1951. For
estimated fiscal year breaMown, 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 amounts, pursuant to the Social Security Act
omendmente of 1950. For estimated fiscal year breakdown, see Table 1.
Collections In fiscal year 1954 are not comparable month by month
with those in the prior year because of the Institution of
quarterly returns with credit against than of receipts for interim
payments nnds directly Into Goremiaent depositariea (see also
Repealed, effective Sovanber 1, 1951, hy Revenue Act of 1951.
Beginning July 1952, Included with other repealed taxes under
"Miscellaneous taxes"
Effective November 1, 1951, under Revenue Act of 1951.
Applies to dlesel oil used In highway vehlclee; effective
November 1, 1951, under Revantie Act of 1951.
New reporting basis beginning with the fiscal year 195'i; for
explanation, see page A-2 In the April 1954 Issue of the "Treasury
Bxaletln"
Lees than $500.
Revised.
Treasury Bulletin
U2
.MDMETABY STATISTICS.
Table
(In
Bid of f iBcal
year or Boath
Total
BODej In
circulation i/
19W
28,2l»5
19't7
I9W
28,297
27,903
19't9
Total
paper
Bonej
1.-
BilUoo
Money In Circulation
of dallarv except
Gold
certlfIcatee
SllTer
oertlfIcatea
2/
26,9lt5
26,9lt2
afl
noted)
TteaB'jry
DO tee
of 1890
1/
am ted
Federal
Statee
notea
fieflerre
DO tea
rederal
Reaerre
Bank
ootee
i/
23,973
23,999
23,600
23,209
22,76c
464
406
353
309
274
114
106
99
93
85
77
73
27,'>93
1950
27,156
25,661
27,809
29,026
30,125
2,092
2,088
2,122
318
318
318
23,"t56
2l»,605
28,359
25,609
243
221
200
19?2':'I>eoanber.,
30,1»33
28,683
2,105
314
25,9*1
210
I953-JUI7
Auguet. ,..
Sept<ab«r.
30,120
28,351
30,2W
28,li70
30,275
28,483
2,107
2,106
2,100
317
319
316
25,618
25,738
25,762
198
197
195
October. .
loreaber.,
Deoenber.,
30,398
30,807
30,781
28,596
28,992
28,968
2,098
2,120
2,100
316
321
316
25,879
26,249
26,253
193
192
190
195k-JaanBry...
29,981
29,90 "i
29,707
28,206
2,017
2,0kl
2,070
306
309
312
25.587
25,490
25,257
187
186
185
retmarr.,
March
28,13"t
27,931
1946
1947
194«
1949
1950
,
1951
1932
1953
1952-I>ecei«>«r.
1953-July
,
August...,
Sept«Btar,
October..,
tarmbtr.,
Deoeaber.
1954 -January..,
Msrcb
81
Hcaej In
clrculatlcn
per capita
(In dollais) 5/
SA
of flaoal
Tear or Booth
y
317
320
321
319
321
1951
1952
1953
27,3lt8
liank
notea
2,025
2,061
2,061
2,061
2,177
26,1162
26,03l»
26,231
Hatlonal
Stendaa:^
BllTer
dollars
1,300
1,355
1,421
1,459
1,496
140
148
156
164
170
843
876
919
940
965
317
331
346
355
3S1
199.76
196.33
190.31
184.33
179.03
1,578
1,678
1,766
180
191
202
i,oeo
1,093
1,150
378
393
413
180.17
184.90
188.64
1,750
199
204
205
207
1,141
410
192.07
1,769
1,778
1,792
1,151
1,156
1,166
4l4
4l6
419
188.30
188.78
188.65
1,802
1,816
1,812
207
208
210
1,174
1,185
1,179
420
423
424
189.12
191.40
191.06
1,775
1,769
1,T76
208
209
209
1,1*9
1,1*6
1,152
4l8
416
416
l85.84r
185.12
183.65
Source: Circulation Stateaait of Oilted Statee Money.
1/ XzcluOee WCDOJ held by tlia Trea8in7, Manaiy held by or for the accomt
of the Federal Beeerre Banks and agents, and coin aetlB&ted to be
held outside the continental llMlts of the Oolted Statee. ijKludea
paper currsicy held outalde the ccntlnental limits of the Iblted States.
2/ Cold certificates vers vlthlreiin fnm olrculatlcn in 1933.
^
4/
^
r
Tr^BBwrj notes of 1890 In clronlatlon are being oanoelsd and retired iqpcn receipt by the Treasury.
Pedsnl Seaerre Bank notee and natlcnal bank notes are corerad by
depoalta of lasful ncney and are In procees of retlreaent.
Baasd on latest popnlatlOD eetljiatee by the Burseu of the Census.
BsTlsed.
Mull
m4
+3
.MDHETAFY STATISTICS
.
Table 2.- Monetary Stocks of Gold and Silver
(Dollar aaooits In 111111000)
Aid of flacal
7aar or maoXlx
Vjkl
1948
GolA
SllTetr
(»35 per
fine oimce)
(»1.29+ per
fins oimce)
KaVlo of allTer
to golA and
allTsr In
itfnetarr etocka
(In paroant)
1950
21,266.5
23,532.5
24,466.3
24,230.7
3,525.7
3,571.0
3,618.3
3,671.5
14.2
13.2
12.9
13.2
1»1
21,755.9
14.6
13.9
19'»9
1952
1953
23,3'>6.5
22,462.8
3,718.5
3,768.5
3,814.3
1952 -Doc amber..
23,187.1
3,79''.l
1953-July
AugUAt .
22,277.3
22,178.4
22,128.4
3,818.3
3,820.8
3,824.7
14.6
14.7
Septfldbar.
October.
NoTonber
DBComber.
22,076.7
22,027.5
22,029.5
3,828.5
3,832.7
3,837.0
14.8
14.8
14.8
21,956.0
21,957.9
21,965.2
3,840.4
3,843.6
3,848.0
14.9
. .
.
.
1954 -January ..
Fabruaa^.
March
Source: Circulation Statoiant of Oiltad 9t«ta« Monay.
allTar costar; atock tea Table 4.
Jot detail of
Table 3.- Gold Assets and Liabilities of the Treasury
(In xlUlaia of doLUrs)
ll'.S
It .7
14.9
1'>.9
Treasury Bulletin
liU
.MONETARY STATISTICS.
Table 4.- Components of Silver Monetary Stock
(In nlllloDB of dollars)
stall
1914
^5
.MDHETART STATISTICS
Table 5.- Seigniorage on Silver
((hBDlAtlTs tr<m Jaauarr 1. 1935 - In -<'H '-" of dollara)
Treasury Bulletin
U6
J
.EXCHANGE STABILIZflTION FUMD.
Table 1.- Balance Sheets as of Jime 30, 1953, and December 31, 1953
SLni
i9H
"^7
.EXCEAMGE aTABIUZATIOH rUMD.
Table 2.- Income and Expense
JaDuai7 31, 193'', tbrough
June 30, 1953
Claaslflcatloa
January 31, 19311, through
Decanber 31, 1953
Incona:
Profita en Brltlah Btarllng tranaactiona
,
Proflte on French franc transactlona
Proflte on gold bulllcn (including profits from
,
*'»*n'^11nfl
charges en gold)
Profita on other gold and ozchange transactlooa
Proflte en sllTar tranaactlons
$310,638.09
$310,538.09
351,527.60
351,527.60
56,U52,lll».97
57, 561*, 517. 81.
It9,l6li, 525.110
1.9,166, 721.. 23
102,735.27
102,735.27
Profita en sale of sllTor buillon to Treasury (natlonAllEed)
3, ''73,362.29
3,1.73,362.29
Profita on inreateenta
1,876,790.55
1,876,790.55
Interest en inreataanta
8,698,066.89
8, 950, Oil*. 81
Miscellaneous profits
Interest earned on foreign balancae
Interest earned en Chinese yuan
Total Incone
86l,5H6.95
861,51.6.95
2,81^,683.19
2,91.3,1.33.19
1,975,317.07
1,975,317.07
126,116,308.27
127,576,607.89
10,093,183.99
10,753,976.92
Kpanse:
Personal serrlcea
Trorel
500,9W.85
529,550.90
Traaaportaticn of things
686,263.87
702,81.3.73
CoiHuilcatlons
575,885.01.
585.023.52
Supplies and naterlalB
107,177.20
110,23lt.l«)
1,1H3,163.20
1,1^5,963.07
13,376,6llt.l5
11., 11.7, 592 .51.
Other
Total expense
Hat incooa
112, 739, 694.12
U3, 1.29, 015. 35
Treasury Bulletin
Ug
.CAPITAL MOVQiEirrS.
Data relating to olalma on foreigners and liabiliand capital moTenents between the
ties to foreigners,
United States and foreign countries, have been
the data for January 1950.
fact that
Attention Is called to the
althou^ the grand total figures on the revised
collected
reporting basis are reasonably comparable with those for
since 1975, pursuant to Executive Order 656O of January I5,
preceding months, data for Individual countries In some
and Treasury regulations thereunder.
1934,
Infomatlon
covering the principal types of data and the principal
Instances are not comparable because of certain changes In
coverage and geographical classification.
countries Is reported each Bonth by banks and bankers and
This
The supplementary Information, contained In Section IV,
Information Is published regularly In the 'Treasury
Bulletin'.
Supplementary Infomatlon Is published at less
Is presented In three tables appearing at different times.
Table 1 gives data by countries on short-term claims on and
All reports are made Initially to the
liabilities to foreigners as reported quarterly by e;q}orters.
securities brokers and dealers In the United States.
frequent Intervals.
Federal Reserve Banks, i^lch forward consolidated figures
Importers, and Industrial and commercial concerns In the
to the Treasury.
United Statee. This Infomatlon was published for the first
time In the October 1949 Issue of the 'Treasury Bulletin*
States
and begins with data for September 30, l')k(,. Table 2
supplies Information by countries on long-term claims on
domiciled outside the United States, as well as
and liabilities to foreigners as reported by banks and
The term 'foreigners* as used In these reports covers
all Institutions and Individuals (Including United
citizens
)
International organizations, wherever domiciled,
created by
bankars In the United Statee.
This table appeared for the
Data are for the
treaty or convention between sovereign states. 'Short-term'
first time In the December I949 Issue.
refere to original maturities of one year or lees, and
end of the calendar year beginning with 1942. Table 3
gives Information on short-term liabilities to countries
'long-term' refers to all other maturities.
A detailed
basis of reporting,
not regularly reported separately by banks and bankers.
and derivation of capital movements figures appeared In
This table appeared for the first time In the April 1950
Issue. The data have been requested at Irregular Intervals,
discussion of the reporting coverage,
the April
19^ Issue
of the 'Treasury Bulletin*, pages 50-52.
Revised report forme and regulations became effective with
Section
I
-
the earliest date being October 19^3.
Sinnary by Periods
Table 1.- Net Capital Moveaent between the United States and Foreign Countries
tJirtitMmi^M
(Xn
Calandar 7»ar
car
of doUATBj nagatlTa fi«ur«a Indicate a iwt oatflov of capital trcn tba Obi tad Statae)
at
AaaljBlB of nat capital morm
o&pltal
i
Traziaactlcna
in dcBaatio
aacurltiaa
1935-JH
19k2
19*3
19*5
5,35*,071
6e6,121
1,286,893
*6l,35*
1,07*,375
19'i6
-793,32''
19*7
33*A63
19W
,
I9W
a25,'H7
19*,'»58
19*9
1950
1,757,618
-380,1171
1951
1952
1953
1,258,8*1
1,1*1,500
1953-Jnly
Angnst....,
-733,909
395,52*
531,777
90,8*5
950,5ft 1/
586,9*8
1,163,573
l,S31,5&r
100,870
3,513
13,372
8,529
17,79*
626,731
*6,599
27,767
210,735
-113,105
855,5*8
-7,36*
77,696
93,*96
-*6,6l7
9,661
-33*,203
-89,055
-192,215
75,203
9**,*30
265,127
39,012
-9*,ft2
27,800
-1*5,387
-6,1*1
-1,800
-6,3*3
-58*, 289
-U,513
-376,989
-217,876
-72,231
-U,3lB
-19.313
610
7,992
31*,9**
l86,695(r
113,998
197,353r
222,70*r
1,77*
-3,*63
Sapt^ber.
235
-37,76*
3,185
-50,2*9
-2,153
2,185
1*,005
Octobar...,
75,603r
Ii5,0e5r
-58,011
113,*25r
l65,9*Or
-5E,l20
-3,9*6
-1,3*6
5,*72
-1,855
-*,586
9,778
-32,021
-**,9ft
-20,8*1
-ai,56lr
136,182
150,96*
-7,77*
-21,192
-169,951
-1,82*
or (bar..,
Dacanbar..
19^-JTj
tBtomBoj
1/
3,770,922
583,373
1,168,058
1*8,59*
1,216,303
Tranaaotlcos
in foral^
aacurltiaa
p.,
p,
Saa Tabic 2, foolziota 1.
75,855
199,26Qr
160,653
5,196r
5*5
Mmi
m4
1+9
.CAPITAL MOVBffiHTS.
Section I - Summary by Periods
Table 2.- Short-Term Claims on and Liabilities to Foreigners
(FoeltlGU at and of period In thouaai^a of dollArs)
Ireasury Bulleti
50
.CAPITAL MDVOENTS,
Section I - Summary by Periods
Table 4.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In thousandB of dollore; nagatlre figures Indicate a net outflcnr of capital fzxm the Ublted States)
Calendar year
\Slini
ITii
51
.CAPITAL MDYIMEBTS.
U
Section
- Sonnary by Countries
Table I.- Net Moveaent of Capital and of Short-Term Banking
Funds
Treasury Bulletin
52
.CAPITAL M0VH4EMTS.
Section II
-
Summary by Countries
Table 2.- Net Hovement in Brokerage Balances and Long-Term Security Transactions by Foreigners
(In thoueaoda of dolLars; negatlTo fl^urea indicate a net outflow of capital frcn the United States or not Bales by foreigners)
Mem
i'^'^
53
.CAPITAL MOVBffiUTS.
Section II - Summary by Countries
Table 3.- Short-Term Claims on and Liabilities to Foreigners
(Position at end of month In thousands of dollare)
Liabilities to foreigners
1953
1921L.
195"*
December
I
I
Europ
Austria
Belglun
C £ echoa IcrraJda
lUh
U,021
186
12,291
5,736
2,675
5,268
1,789
6,228
1,926
9,768
37,258
8,197
31,327
705
20,286
6,265
782
211*
181
169,91*1*
13,021*
13,1*26
11*, 31*5
118,206
3
51*1*
6,020
1,531
l*,098
88,050
1,331
1*
Oenmarlc
Finland
France
Oarmany
Greece
ItaXy
NetherlandB
19,990
9,06l
Nonraj
Poland
Portugal
Rumania
Spain
893
33
h3k
I8
22,620
Sweden
Svltzerlaod
U. S. S. H
United Kingdom
Yugoelavla
other Europe
1,698
15,36o
I17I
39,'»99
5,319
7,o87
Total Europe
C""^"
37,867
39,673
1*12,982
91*3,136
135,11*9
569
7,370
7,052
1*25,61*3
1*23,380
1*30,732
1*0,095
1*3,590
1,1*39
827,151
850,032
1,372
17,531
390,825
92,01*5
1*30,060
898,773
100,868
16,731*
9,1*30
21*1,236
252,760
1*50,705
21*2,895
1*55,883
6,198
1,189
1,626
31
U5,672
117,638
118,511
33
2,182
2,^1
2,21*1*
1*09
501*
70,01*5
72,1*15
18
19,760
5,750
32,666
73,069
5,959
35,889
118,522
2,850
71,892
5,698
33,518
1,731
96,033
661,158
2,029
105,219
653,655
2,837
907,761
7,739
51*, 886
116,708
121*, 71I*
67l*,177
670,382
2,033
708,881
6,908
53,009
715,222
6,106
51,686
956
30
555
U
lU
lU
22,777
2l*,257
21*,
2, 693
17,91*0
2,127
18,083
378
1(8,088
lt,275
70,503
1*,788
I*,
7,1*69
6,753
7,850
67,113
10l*,201
30,51*1
'•5
189,U97
95,73"*
10,559
592
80,707
199,687
1,305
18,760
8,577
787
189,090
190,878
330,331
555
33,1*51
182,188
126,927
558
92,812
35,686
66,913
1*70
16,11*0
9,031
51,953
1*,
51,71*8
U6
916,301*
59,936
5,351
6,105
218,1*23
56,359
85,
31*2,989
1*,
1*53, 991
1,205,652
1,260,328
137,088
18,830
106,503
2U,6l3
5,767
36,01*2
"*,
376,033
1,295,508
3,121*
1*,
1*13, 110
1,336, 006r
Latin America:
Argentina
Bolivia
Brazil
Chile
Colcnhia.,..
6,980
11,891
203,582r
6,067
6,651*
7,121*
10,81*9
7,266
7,221*
11*3,121*
9,21*2
19,932
110,010
85,986
116,215
385,027
139.169
18,823
100,008
68,580
59,981*
8,720
116,736
20,1U3
50,617
62,171
1,871*
2,026
1,81*1*
1*1,938
1*2,1*25
'',190
1,71*1
l*,675
1»,081*
3,1*11
86,337
90,053
92,871
98,101
32,690
180,152
32,101*
Mexico
NetherlandB West Indie
and Surinam
3,350
87,166
189,290
l81*,9l*9
3,027
53,257
Peru
Eepubllc of Panama.
El Salvador
Uruguay
Venezuela
Other Latin Amerloa...
1T'P3
')7,05lt
Cuba
Domlnicon Eopuhlio . . .
'H,721
1,728
Ouatetnala
_
Total Latin Amarlca.
_
_
9,732
186,508
7,115
51,955
lt9,37't
125,106
22,569
56,906
51,169
125,572
20,923
53,055
11*8,928
81,531*
132,01*1
152,1*68
31*5,138
1*2,817
352,588
1*1*,
718
1,563
2,565
2,593
1,785
1*8,969
52,208
18,1*51
20,200
1*,628
7,91*2
87,818
37,99s
'•,385
1*0,303
8,162
3,659
68,178
82,809
28,718
79,931
5,958
3,805
39,239
18,221
1*1,581
1*0,792
18,568
19,306
17,799
17,205
6,172
7,378
3,293
38,831
17,797
72,71*5
7,1*1*2
18,753
5,731
8,870
2,817
73,1*51
~- -
121*, 558
181*,121
123,1*76
506,1*61
1*72,653
1*76,935
1*50,1*32
l,73l>,938
1,762,371*
3,076
2,630
2,629
2,630
5,1*51
5,1*62
3,o61*
5,1*66
5,1*79
2,21*9
36,81*6
1*0,280
1*0,751'
.
502,386r
93,1*90
173,11*2
21*, 911*
99,1*79
201,1*29
89,1*1*5
120,831
.
Asia!
China Mainland
Formosa
Hong Eong
lulla
Indonesia
Iran
Israel
Japan
Philippines
Thailand
Turkey
Other Asia
Total Asia
3,075
5,'H5
2,609
'*,333
l*,096
97,1*78
729
15,767
1*7,1*19
1*2,592
1*3,61*7
1*1,508
26,1*1*1*
lit, 1*00
32,811*
18,033
827,870
26,025
29,91*1*
18,278
912,032
303,259
3,715
839
6,239
13,836
22,937
25,612
5,816
6,106
7,687
19,739
21*, 921*
15,655
739
29,175
23,876
21*,
67,1*1*5
99,028
39,295
662
32,729
617
13,276
23,377
26,637
5,165
6,755
7,695
1*0,651
68,001*
96I*
576
5,'>57
11*,
5,979
5,1*76
7,982
197
It,
31,002
25,012
67,938
95,289
31*,
187,11*5
911*,878
299,157
177,009
295,1*57
167,851
ll*,222
262,752
10,931
269,366
2,000,891*
2,008,296
1,912,81*5
58,501
93,960
59,21*1*
51,521
89,597
91,11*7
1*3,31*0
1*3,969
3l*,529
125,1*02
130,1*11
156,11*0
157,635
5,803
5,720
5,683
5,797
7,971*
6,913
6,516
7,216
58,932
6,329
6,51*0
U0,558
2'tO
2,737
7,816
Total other countries.
2,359
1*,715
1*60
1*1*,
5,093
1*1*,
7,p9
6,776
1*,61*9
21*, 877
25,61*9
23,958
906,512r
901*, 510
701*
707
90,102
901,1*62
1*0,878
38,021*
92,1*1*1
3^3, Hoi*'
1,888,1*33
15
Internet lonal
Grand total
376
2,321
7,385
21,562
795,1*1*1*
298,097
153,297
1,909,726
112,013
1*56
75,68U
22,620
257,788
16,655
21*1,021*
O ther countries:
Australia
Bolgian Congo
E^ypt and AngloIfeyptlan Sulan
Union of South Africa.
Other
36,919
36,386
37,181
68,681
99,960
3U,027
170
25,877
17,739
3,'*30
lit,
36,1*30
3,168
891
2,307
2,933
38,205
95,709
326,095
97,006
318,172
1,882,579
1,957,710
2,058,1*25
11,691,372
11,633,1*27
ll,8o8,783r
Treasury Bulletin
5^
CAPI1AL MOVEMENTS
Section II - Sunawry by CountrieB
Table 4.- Foreign Debit and Credit Balancea In Brokerage Accounte
(FoeltlGD at end of laanth In Uiouaanda of dollare)
Mini i9T-f
55
.CAPITAL MOVBfflNTS.
Section III
-
Details for Month of December 1953
Table I.- Short-Tern Claiaa on Foreigners
(Foaltion at eod of ooQtii in thoueaole of dollars)
Treasury BuUetn.
56
.CAPITAL MDYIMEHTS.
Section III - Detaile for Month of Deceiiber 1953
Table 2.- Short-Term Liabilities to Foreigners
(Poflltlon &t And of oonth In thoueajxla of dollar«)
Siaii
/95-f
57
.CAPITAL HOVDCEENTS.
Section III
Details for Month of December 19S3
Table 3.- Purehaaes and Salea of Long-Teria Securltlea by Fbrelgnera
-
(
In thouaonda of dollAra
Treasury Bulletin
5S
.CAPITAL MOVEMENTS.
Section III A
-
Preliminary Details for Month of February 1954
Table 1.- Short-Term Clalins on Foreigners
(Poaltlon at ond of month In thousands of dollars)
Mail I9i4
59
.CAPITAL MOTEMENTS.
Section III A
- Preliminary Details for Month of February 1954
Table 2.- Short-Term Liabilities to Foreigners
(Poeltion at end of month in thouaai^^ of dollare)
Treasury Bulletin
60
CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of February 1954
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners
(
In thousands of dollars
Mmi m-i-
61
.
COKPOHATIONS AKD CKRTAIN OTHER BUSINESS-TYPE ACTI VITIES.
alance eheet data of corporation* In which the
United States Government ha* a proprietary Interest,
activities appeared In the April 1954 "Treaeury Bulletin"
as Tables 1, 2, and 3.
direct or Indirect, and of certain other business-type
Table 4.- Income and Expense for the Six Months Ended December 31, ig53
(In thousands of dollare)
Export-lnport
Book or
Waohlneton
D«paz'tH«nt
of the
Total
Iirtflrlor
corpoTft-
CcBBOdltr
Credit
Corporation
tlcoii
rodecral
Crop
loaurance
Cul'pora-
Inlaid
Vat«rHa78
CctrpoTtt-
tlon
Virgin
Islands
Corporation
Fedooral
FrUon
Induitries
tlOD
IPC one I
Sale of ccmodltlee and et^pliae
Sale of earricee
.......•.•.,..
BflDta and rojr<iefl
Xntffrast and dirldanda;
Intareet on loaos
Intflovet on public debt obll^tlone.
Iiit«a*est, other
•....
DlTldeDd^
Guarantj and lAsnrance pr^ilwe .•••...
Other liK^cme:
G&lne cu eale of fixed asaete
Galna ax eale of Inreetatfnta ........
Gains on sale of acquired eecurltj o
Other
Total Inccxae.
Coat of coBBodltiee and aapplioe sold*. •.•....
Direct opecratiog coete... •.........,.,. ..•,...
Intareet expense:
On borrovines frcn the U. S. Treasury
Other
MjalnlBl3>atlTe expenaee
Depreciation (not Included In coet of ealee or
direct operatli^ costs)
..•••...•.
Grants, subsidies, and contributions:
Direct
Indirect
Guaranty and insurance loaaee.... ...... •.....,
Other expenses
Loeaes and charge-off e
Loans charged off
•.•...•.
Othar assets charged off
....•.•...
Losses on sale of fixed assets
Losses on eale of Inreetasnta
Loseee on eale of acquired security orcoUjttflBml
operatli^ reearree.
620,311
133,277
572,259
37,*3
't,355
Mt3,602
30,080
16,977
6,827
l'i5,38l
128,
7W
386,170
91, SI"*
3,131
26,070
'•,7'>1
3,W.3
569
67,353
33
5
297
7,558
15,033
137
220
10,1129
l,'t39,785
923,032
715,959
IW.OIS
666,612
80,716
llH,317
711,9142
lt8,27l
77,0lt8
Ii8,0l6
li,66l
3,185
33,733
39'i,902
366
27,281
11,1*59
9,29'v
2311
672/
'19,035 1/
9,082
61
3,613
163
152
24, Wi
29,518
3'»,967
8,053
5,815
22,628
23
3,271
29,518
25,168
29,518
172
532
1''5
367
576,916
33,U98
5,080
23
5,83»
Total expense.
Ret Incooe, or loas (-], before adjuslaant of
raluatlon and operating reeerree
1,3''7,909
91,876
-69,119
-1,31't
332
75U
-99,155
I*, 385
7,791
206
-99,155
111
-99,155
8,21(2
7,559
Wet adjuel3uiit of valuaticn and operating reserves
-66,Oli3
-68,258
25,833
-137,378
Bet iDcaae, or loas (-)
-2,726
-182,015
Adjuslasnts of Taluatlon and oparating reserves:
fieserre for losses
loans
Resarre for losses
acquired security or
collateral
Seeerre for losses on fixed assets
Raeerve for losses on ccnmodlties and supplies....
Operating reearree
Other reearvea ....
21, "196
-5,866
-2,726
l,"i66
Changes In linresarved earned surplus or defic
Unreserved earned surplus, or deficit (-),
June 30, 1953
Net incexae, or lose (-), for the six nonths
ended Decenher 3I, 19^3
Transfers to surplus reserves
Transfers fron surplus reeerree
Distribution of profits:
Treasurer's account - depoelt of earnings
Dividends
Other
Prior year adjustaents
.......•.•
Unreeerved esmed surplus, or deficit (-),
Dscenher 3I, 19^3
FootJlotee at end of Table 5.
3,636,57Ur
62,075 i/
-'•5,205
-887,269r
-737,535
-75,389
-13,756
-970
13,762
-137,378
-250,997
-5,866
-2,726
-227
l,'i66
-81,255
-16,1(82
-'•5,205
-8,77"*
-77
92,835
96,205
-965,869
-892,326
(Continued on follovli^ page)
15,228
Tivosuni BuUetin
6?
.CORPORATIONS AND CKRTAIH OTHER BUSINESS-TYPE ACTiViTIES.
Table 4.- Income and Expense for the Six Months Ended December 31,
(In thouaonds of dollars)
1953
-
(Continued)
Mail 19 14
63
-CORPOEATIONS AHD CERTAIH OTHER BUSUJESS-TYFE ACTIYITIES.
Table 4.- Income and Expense for the Six Months Ended December 31, 1953
(in thousanda of dollars)
-
(Continued)
64
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 4.- Income and Expense for the Six Months Ended December 31,
1953
-
(Continued)
(In thouBands of doUare)
Certain other buBlneas-t^-pe activities
Total
certain
oth^r
buslneastype
activities
Department of AgrlcxO.ture
Commerce
Farmera'
lit''
Administration
Disaster LoonSj
etc , Kevolving
Fund, Farmers*
Home Administration
Rural
Electrification
Administration
Department
of Health,
Education,
and Welfare
Departaaent
of the
Interior
Federal
Maritime
Board end
Maritime
Administration
InccGne:
Sale of ccnnmodltles and supplies.
Gale of services
Eents ani royalties
Interest and dividends:
Interest on loans
Interest on public debt obligations
Interest, other
Dividends
Guaranty and Insurance premlume
Other Income:
Gains on sale of fixed assets
Gains on sale of tnvestjaents
Gains on sale of acquired security or collateral
Otheo-
,
Total income.
Ii8,0'i2
32,688
20
298,222
U,011
12,237
6,257
61,393
12,61*2
2,729
12
13
32
28
l6l
7,338
U,605
516,753
Cost of coimnoditles and supplies sold
Direct operating costs
Interest expense:
On borrowings from the U. S, Treasury,..,
Other
Administrative expenses
Depreciation (not included in cost of sales
direct operating costs )
Grants, subsidies, and contributions:
Direct
Indirect
Guaranty and Ineurance losses
..•..
Other expenses
Losses and charge-offe:
Loans charged off
Other assets charged off
Losses on sale of fixed assets
ho, 6hh
1^1,763
161
3,1*21
12,776
52,61*2
U9,3't7
67,302
1*3,706
66,375
255
1,1*75
19,1*60
1*3,315
13,772
3,739
3,768
1,1*76
78,082
7,871
5,28e
7,731*
5,052
17,51*7
Tiosses on sale of investaoente
Losses on sale of acquired security or collateral
Direct charges to operating
Other
Total expense
3,27U
Net income, or loss (-), before adjuatanent of
valuation and operating reserves
of valuation and operating
Reserve for losses
loans
Reserve for losses
acquired security
collateral
Reserve for losses on fixed assets
Reserve for loeees on commodltiee apH supplie
Operating reserves
Other reserves
.,.,,,.,
6,016
5,833
355,758
28,086
160,995
-2,1*85
-36,21*2
Adjxifltmenta
<
-1,61*6
5U7
J*51
Net adjustment of valuation and operating resorves
Net income, or loss {-)
Changes In tuireserved earned surplus or deficit:
tfereserved earned surplus, or deficit (-),
June 30, 1953
Net income, or loss (-), for the six !!Kjnths
ended December 31, 1953
Transfers to surplus reserves
Transfers from surplus reserves
Distribution of profits:
Treae\o"er's account - deposit of earnings,.,.
Dividends
Other
,
Prior year adjustments
Unreserved earned surplus, or deficit (-),
Decenber 31, 1953
Footnotes at end of Table 5,
163,210
-2,7'*9,305r
199,1*53
-15,380
-2,1*85
-105,31*9
-U,963
-29,581
-15,330
-1*0,210
-2,1*85
-120,729
-52,171*
-3^,0(6
1^
-l,7l*8r
-1^,769
-5,Uoi
-2,783,951
(Continued on follovlug page)
-1,71*^
siaii
m-i-
65
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITrES,
Table 4.- Income and Expense for the Six Months Ended December 31, 1953
-
(Continued)
(In thouaonie of dollars)
Certain other busineas-type activities
Departaoent of
the Interior -
Department of the Treasury
(Continued)
-
(Continued)
Farm Credit
Administration
iZ
Puerto Hlco
Roc ons true tlcai
Adminlotratlon
16/
MiscellaFederal Civil
neous loana
nse Act of
and certain 1950, aa
other aaeets amended 1"/
Agricultxiral
Marketing
Act
Guarenty
program
Loan
prograa
Public Works
Adniinl s trat ion
( in liquidation)
Incdnet
Sale of coDBDOditleo azid supplies
Sale of oervlces
Bants and royalties
Interest and dividends:
Inter^t on loans
Interest on public debt obllgatlono
Interest, other
Dividends
Guaranty anri tnaurance preanluoB
Other Income:
Gains ou sale of fixed assets
Gains on sale of investznenta
Gains on sale of acquired security or collate
Other
17,3'38
3,711
6,033
1,076
Total Inccme
17,380
l,07li
Expenae:
Cost of ccanmodltles and supplies sold.
Direct operating costs
Interest earpense:
On borrowing fran the U. S. Treasury
Other
Administrative expenses
Depreciation (not included in coat of sales or
direct operating costs)
Grants, eubsidles, and contributions:
Direct
Indirect.
Guaranty and Insurance losaos
Other expanses
Losses and charge-off s:
Loans cbaoi^ed off
Other Q£set6 charged off
Losses on sale of fixed aasets
Losses on sale of invastsnente
Losses on sale of acquired security or collateral
Direct charges to operating reserves
Other
'
'
,
2,1*01
Total expense
Met inccane, or loss (-), before adjustment of
valuation and operating reserves
1,178
-U29
Adjustments of valuation and o perating reserves:
Reserve for losses on loan
curity
Reserve for losses on acqu
collateral
Reserve for losses on fixed aasets
Reserve for losses on ccmmodlties and supplle
Operating reserves
•
Other reserves
Net adjustment of valuation and operatlne reserves
Nat inccino, or loss (-)
Changes in unreserved earned surplus or deficit:
Tftireserved earned eurpl'uo, or deficit (-),
June 30, 1953
Net incccae, or loss (-), for the six montha
•
ended Deceanber 31» 1953
Transfers to surplus reserves
Transfers from surplus reserves
Distribution of profits:
Treasurer's account - deposit of earnings....
Dividends
Other
Prior year adJuBtmente
Onresarved earned sxzrplue, or deficit (-),
Deconbar 31, 1953
Footnotes at end of Table 5.
-1^29
-53A61
-1*29
-1,325
6,230
1,07**
-315,295
-3,630
-50,765
-1,585,837
1,178
-1,325
6,230
1,07U
-ii-,312
-1,061
218,525
218,525
-218,525
-53,890
-31'*,117
(Continued on following page)
A,955
-i<-8,g*7_
-1,585,81^^
Ireasuiij Ballet ii
66
.
COEPORATIONS AND CERTAIN OTHER BUSIME5S-TYFE ACTIVITIES-
Table 4.- Income and Expense for the Six Months Ended December 31, 1953
-
^Continued)
In thousands of dollars)
Certain other bueinesa-tTpe activities
-
(Continued)
Housing and Home fi nance Agency
Office of the Adminietrator
Federal
Housing
Adjttlnis-
tratlon
Sale of ccsmaodltles and supplies
Sale of services
Kents and royalties
Interoot and dividends:
Interest en loans
Interest on public debt obligations
Intei'est^ other
>
rividandij
Guaranty and Insurance preoiuDB
Other inccEoe:
Gains on sale of fixed assets
,..,
Cralns on sale of Investments
Gains on sale of acquired security or collatoral
Othar
Total Incccie
Expense:
Cost of ccmmoditlea and supplies sold
Direct operating coota
Interest expense:
On borrowings fTcm the U. S, Treasury
Other
Administrative arpenses
Depreciation (not included in cost of sales or
direct operating coats)
Gi-anto, subsidies, and contributions:
Direct
Indirect
Guaranty and insurance losses
Other expenses
Losses and charge-off a:
Loans charsod off
Other assets oharBed off
,
Losses on sale of fixed aaseta
Loaaes ca sale of lnveotai<iiit3
LoFues on sale of acquired security or collateral
Direct charges to operating reaerves
Other
Total expanse
valuation and operating roeerveo:
Reserve for loaaes on loans
reserve for loesos on acquired aacurlty or
collateral
Beserve for losses on fixed assets
Eoservo for losses on ccmmsditloo esnd siipplleo,
Operating reserves
Other reserves
AdJ'JsiaaentH of
,,
Net adjxistment of valuation and cperetlng reserves
net income, or loaa (-)
,
Changes in imreserved earned surplus or deficit:
Unreserved earned surplus, or deficit (-),
June 30, 1953
Net inccme, or loss (-), for the six months
ended December 31, I953
Transfere to surplus rocervea
Trans f ers from surplus reserves
Distribution of profits:
Treasurer's account - deposit of earnings
Dividends ,
.........,,,.,,..
Other
Prior year adjustaaonts,,, ,,,,.,
Unreeerved earned surplus, or deficit (-),
Decaabar 31, 1953,,.
eeod
1^30
251+
,915
19, M"*
Not Inccme, or loss (-), before adjustaeiit of
valuation and operating reserves
Footnotee at
-7
.529
of Table 5,
20/
BDLC
liq.uidation
unit
Alaska
housing
program
CoiTDimity
facllltieo
service
Housing loans
for educational Institutions
l^
lures tmont li
Frefatrlcatcd
Federal National housing
Mortgage As so
cietion
Mail 1914
67
.
Table 4.-
CORPORATIONS AND CERTAIN OTHER BUSIKESS-TYHE ACTIVITIES.
Income and Expense for the Six Months Ended December 31, 1953
-
(Continued)
(in thoosande of dollars)
Certain othor buslneca-type activities
Hcuslng and Hone Finance Agency
Office of the
pcrOfjroni
(Continued)
- (Continued)
Veterans* .'\dnlnlotratlori
"
Public Housing Adjnlnietratlon
AdaiialBtrator
(Contlniied}
Sl\m
clearance
-
Veterans
direct
loan
Guaranteed
Cecurlty
Administration
program
Public
war
housing
prc^raa
loans to
veterans
prograni
Commlssloi;
Imctaa:
1J*,0U
1,119
upplie
Ealo of cccuDDdltie
Sale of Berrlcee
Rcnta and royalties
Interest and dividends:
Interest on loans
Interest on public debt obligations
Interest, other
Dividends
Guaranty and Insurance praalums. ....
Other InccETLe:
Gains on eale of fixed aaeota
Gains on sale of investa&ents
Gains on sale of eicqulred secxirlty or collateral
27,090
87
U23
1,077
C thor
Total Income.
Cost of ccannodltles and supplies sold
Direct operating coats
Interest expense:
On borrovlnge Trcta the U, £. Treasury
Other
AdiainlQtrctlve expanses
Depreciation (not Incl-jdod In cost of sales or
direct operating coats)
Gronta subsidies, and contributions:
Direct
Indirect
G'oaranty and Insurance looses
Other expenses
LoDoea end cherse-orfa:
L':^ane charged off
Other assets charged off
L.:>88ea on sale of fixed assets
Losses on sale of Investmonts........ ......
Losses on sale of acquired security or coLlateml
Direct charges to operating reserves
Other
10,851
2,919
11,5^1
261
2,1+79
,
5,689
1^,856
>
.V Juetiaonte of
5,967
26,258
Total expense
N«t incooie, or loss (-), before adjustment of
valuation and operating reserves
B53
l'*,536
1,319
valuation and operating reserves:
Reserve for losses
Foaervo for losses
collateral
Roeorve for losses
Reserve for losses
Operating reserves.
Other reserves
dltles and supplies.
_-37U
Net edjustaont of valuation and operating rese
91^5
Net Income, or loss (-)
Changes In unreserved earned surplus or deficit:
Unreearved earned surplus, or deficit (-),
J-dne 30, 1953
Net Inccme, or loss (-), for the six mDnthn
ended Decoiiber 31, 1953
Transfers to surplus reserves
Transfers from surplus reserves
Distribution of prcfita:
TVenflurer's account - deposit of earnings...
Dividends
•
Other
Prior year adjustments
Unreserved earned surplus, or deficit (-),
••••
December 3I, 1953
Footnotes at e«i of Tnbl© 5.
-206,515r
-8,567
-753
-782
-9,3'*9
-219
l,U5l
-29,289
-207, 817
Tefenso
Production
Act of 1950,
B amended
-1*31,901
(Continued on follovlng page)
-9,651
5,339
U,3'»9
91*5
6lH
1,793
Trcasurij Bulletin
.CORPORATIONS AND CERTAIN OTHKR BUSIKESS-TYEE ACTIVITIES.
Table 4.-
Income and Expense for the Six Months Einded December 31, 1953 - (Continued)
(In thouaands of dollars)
Aiaif
69
/9T-f
.
COEPORATIONS AND CERTADI OTHER BUSINESS-TXPE ACi'lViTlKS.
Table 5.- Source and Application of Funds for the Six Months Oided December 31, 1063
(In thoueaaifl of dollars)
Erpoort-IinpcQTt
Departauent
of the
Interior
Qeparlasnt of Agriculture
Total
corpora**
Oonmiodity
tions
Credit
Corporation
Baiik
Federal
Virgin
Crop
Islands
Waterways
Insuraiue
Corporation Corporation
Corporation
Federal
Prison
Industries
Inc.
FundB applied:
To acqxilflltlon of aasets:
Loane made
8,l»3l>,578
•
PxrrchaEe of lnreetaiianta
Public debt obllgationfl
706,556
711
Other securltlee
Purchase, conatructlon, or Ijupx'uvonsnt of
•
fiTad aaaeta
Cost of acquiring collateral on defaulted loaos.
Other
•
Total acquisition of assets..,
22l*,2l6
To eipenfles (excluding depreclatlcm and other
charges not requiring funds)
29
1*67,01*0
9,858,995
6,279, 8W
1,880,1*25
903, 5"*
115,662
15,129
6,>»51
'*,992
V
9,000
"ST
215
9,837
1*81.
33,1*98
1,390,997
275,003
1,666,000
175
376,1*76
21,1*27
233,008
l'i,783,889
10,2lt8,ltll
1*, 555, 1*50
l*,9'*7,TL9
2,571*, 036
ll»9,800
llt,l*83
1,1*86
275,003
712,681
Total realization of assets.
•
By Incomft
By borrowings, capital and surplus subsorlptlona,
ai^ appropriations:
Borrowings:
From U. s. Treasury
From other Gorvernioont corporations and
687,227
5,112
l.,881*
25,11(1
21,091*
17,505
321,961
11,110
321,597
6,305,122
3,619,91*7
1*71,298
1,098,517
583,128
8,851
3,036,013
2,61>8,902
108,717
1011,95'*
958,'t59
930,255
U,l*38
321,1*95 22/
11,1*'*1
5_
166"
27,281
U,it59
300
•"
300
•'
57,91*0
96,205
52,552
96,205
1,01*1,239
11*5,666
96,205
815
2,960
•.••
Total borrowings, capital and surplus subscriptions, and appropriations
itans.
By decreeae in working capital and deferred
•
Other funds provided
5,298,871*
3,978,831*
2,098,205
2,960
2,052,195
1,977,097
3,258
283
2,066,392
11*^9*
783, 889
10,2U8,1H1
'*,555,'*50
33,500
12,075
11*,
l'*,306
(Continued on foUowlng page)
Footnotse at end of table.
gj*/
9,000
2,8E7,6ol4
8,761
77
3,703,'tTg
Total funds applied
23,U*0
1*57,718 2j/
61,737
275,003
136,839
899,106
223,929
12,372
Funds provided:
By realization of assets:
Bepaynent of loans:
....^
By cash
By cancellation of corporation notes..
Sale or collection of inreetanants
obligations
debt
Public
Capital of Gcvernmant corparatlons , . ,
Other securities
Sale of flLod assets
Sale of acqxijred security or collatearal.
Other
Total funds provided.
156,91*7
20,982
llt0,706
To Increase in working capital and deferred itans.
Other funds applied
••
2,3l»6,l4li5
705,856
700
't71,951
2,025,729
275,003
Total retir€«iient of borrowlj^e and capital,
and distribution of surplus
Othetr
91*9,276
823,519
To retirement of borrotflnss and capital, and
distribution of surplus:
Repajmsnt of borrovlnge:
To U, S. Treasury:
By cash
By cancellation of notes
To other GoTemmeiit corporations and agecclee.
To the public
Bepaynent of capital and 8xnT)lus:
To U. S. Treastffy
To others
Treasurer's account - deposit of eaininga
DiTidonds
Other distribution of surplus
•••
agecclee
From the piiblic
Capital ani surplus subscrlptloDS
By tj. S. Treasury
By otliers
Cancellation of notes to O. S. Treasury
Oensral Fund appropriations - aipandod
It,
1,1.86
U,l>60
of
Regular
leMlng
activities
70
Trcasiinj Bulletin
-CORPORATIONS AND CERTAIN CfTSER J3USINESS-TYPE ACTIVITIES.
Table 5.- Source and Application of Funds for the Six Months Ended December 31, 1953
(Continued)
(In thoueanda of dollars)
CorporatlonB
Export- Bnport
Bank of
Washington (Continued)
Defense
Production
Act of 1950,
as amended
-
(Continued)
Forelsn
Farm Credit Admlniatration kj
Banks
for
cooperatlvee
Federal
Farm
Mortgage
Corporation
Federal
Inter-
nadlate
credit
Operatic:
Production
credit
corporatlona
Federal
DepoBlt
Adalnlatratlon
Housing and Home
Finance Agency
HnmR Loan Bank Board
InflurajK(
Corporation
Institute
of Inter."taerlcan
Affairs
Federal
hdoe
loan
banks
5/
F\jadB applied:
To acquisition of aasota:
Loans made ..•........,,.,,,,,,,,,,,
Purchase of Inroalaaente:
7,1*93
Public debt obligations
Other securltieB
Purchase, constniction, or Improveoient of
f laed aaaets
Cost of acquiring collateral on defaulted loans
Other
Total acquisition of aaaets
307,Mt4
826,625
16,U67
137,068
121t,130
''19,085
963,693
12lt,U2U
897,281»
8U
'•3,252
10,096
7,^*93
To eipensea (excluding depreciation and other
charges not requiring funds )
,
10,
'78,199
To retirement of borrowings and capital, and
distribution of surplus:
Repayment of borTOWlngs:
To U. S. Treasury:
By cash
By cancellation of notes
To other Goremment corporations and agancles
To tho public
Bopayiaent of capital and surplus:
To TJ. S, Treasury
To others
Treasurer's account - deposit of oamlnga.,,
Dividends
Other distribution of surplxas
,
9,288
31>9^0
If,
687,085
023
969
It,
000
'»,551
,
Total retireoient of borrcrwlnes and capital,
and distribution of surplus
To Increaae In working capital and deferred Items
Othor funds applied
Total funds e.pplied,
77
J*^,251
U,031
689,935
32,665
27,887
380,970
U,lt50
1,697,133
195,563
25U,U05
3,2Uo
1,01*1,989
8,596
-
Fxmde provided:
By realization of assets:
Repayment of loans:
By cash
,
By cancellation of corporation notea..
Sale or colloction of Investzientc
Public debt obligations
Capital of Govenment corpoi*itlono , . .
Other securitleE
Sale of fixed assets
Sale of acquired security or collateral.
Other.
l6,U9l
125,787
liti*
By income
105,600
3,099
Total realization of aaseta.
By borrowings, capital and eurplua aubecrlptloas,
and appropriations:
Borrowings
Froa U, S, Treasury
From other Government corporations and
agencies
FroQ the public
Capital and surplus aubacrlptions
By U, S. Treasury
By othere
Cancellation of notee to U, S. Treasury....,
General Fund appropriations - expended
Other
915
i,aiti
1,167,777
6,829
2,156
11,331
108,699
86,861t
27,500
69,760
Total borrowings, capital and surplus aubacrlptions, and appropriatlona
By decreaae In working capital ami deferred Itou
Other funds provided
Total funds provided
Footnotes at er^ of table.
Tgr
380,970
!i,lt50
1,697,103
2,817
(Continued on following page)
195,563
stall
m-f
71
.
COEPORATIONS AND CKKTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 5.- Source and Application of Funds for the Six Months Ended December 31, 1Q53
(In thousanda of dollars)
(Continued)
Treasury Bulletin
72
-COKPORAfPIONS AND CERTAIN OTHKR BUSINESS-TYPE ACTIVITIES-
Table 5.- Source and Application of Funds for the Six Months Ended December 31,
(In thousande of dollars)
Certain other business-type activities
Departanent of Agriculture
Total
certain
other
bxiBlness-
type
activities
lit/
Funds applied:
To acquisition of aaaeta:
Loans :r;ade
Purchase of inveatanents:
Public debt obligations
3,li85,302
Otlier secui'itics
Purchase, construction, or ImprovttCtait of
f Ixad assetfi
Coat of acq,uiriii6 collateral on defaulted loune
Cthei
57,269
20,953
'',911
Total acqulaltion of aasets
3,5T9,1'*6
95
88,168
To expenses (excluding depreciation and other
chai'ges not roquirlng funds)
To retirement of borrowlinja and capital, and
dlatrlbutlon of surplus:
Eepaynent of borrowings
To U. S. Treasury:
Bj cash
By cancellation of notes
To otlier Government corpcratlons and asencies
To the public
EepaiToent of capltcl and surplus
To U. S. Treasury
To others
Treasurer's account - deposit of oaminga
Dividends
Other distribution of surplus
U,l(38
100,533
1,1*59
223,929
3,610
'
Total retiranent of borrowln^a and capital,
and distribution of surplus
To Increase in working capital and deferred items
Other funds applied
Total funds applied
li33,lUo
11*3, lt68
'j?35,'>78
Funds provided:
By realization of assets
Repfiynient of loars
By cash
By cancellotion of corporation notcc
Sale or collection of Inveatcents
Public dobt obllsations
Capital of Government corporations
Other securities
Sale of fixed asseta
Sale of acquired eecia*lty or coUataral
Other
2,373,683
275,003
25,1.51*
S28
U,(A7
6,395
365
Total realization of assets
By incoioe
By borrowings, capital and oui-plun aubscriptiona,
and appropriations
Borrowings
Frosi U . S . Treasury
From other Government corporatlona aad
agencies
From the public
Capital and surplus subscriptions:
By U. S. Treasury....
By others
Cancellation of notes to U. G, Trcacury
General Fund appro pr la tiona - experjded
Other
Total borrowings, capital and aurplus subscriptions, and appropriations
By decrease iJi working capital mid deferred items
Other funds provided
Total funds iax>vlded
Footnotes at end of table.
515,389
387,111
28^201*
71,863
1953
(Continued)
SLm lOH
73
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 5.- Source and Application of Funds for the Six Months Sided December 31, 1953
(In thousands of dollars)
Certain other buslnoee-type actlvltlee
Funds applied
To acquisition of asBete:
Loans made
Pxircbase of lnreetinanta
Public debt obll^tlone
Other Bocurltles
Purchase^ cons taruct Ion, or Inprovaaeait of
fixed asaets
Cost of acquiring collateral on defaulted loans
Other
Total acquisition of aseete
To oipenaes (excluding depreciation and other
charges not roqxilrlng funds )
To retirement of borrowings and capital, and
distribution of surplus
Bepajment of borrowings:
To U. S, Treasury:
•
By cash
••••
By cancellation of notes. •••••
To other Government corporatl(2is and agencies
To the public
Repayment of capital and surplus:
To U. S. Treasury
To others
Treasurer's accoixnt - deposit of earnings
..*•*
Dlridends
Other distribution of surplus
Total retlrecient of borrowings and capital
ar^ distribution of surplus
To increase In working capital and deferred Items
Other funds applied
Total funds applied.
Funds provided:
By realization of assets:
Repayment of loans:
By cancellation of corporation notes
Sale or collection of lnvee-toents
Public debt obligations
Capital of Government corporations
....•
Othor securities
Sale of fixed assets
Sale of acquired security or collateral
••
Other
Total reallzaticm of assets
By Incane
•
•
By borrowings, capital and surplus subscriptlonB
and appropriations:
Borrowings:
From U. S. Treasury
From other Government corporations and
agenc ies
From the public
Capital and surplus subscriptions:
By U, S. Treasury
By others
Cancellation of notes to U. S. Treasury
General Fund appropriations - expended,
Other
Total borrowings, capital and surplus
scrlptlons, and appropriations
i
By decrease In working capital and deferred items
Other funds provided
Total funds provided
(Continued on following page)
Footnotes at end of table.
-
(Continued)
(Continued)
Treasury Bulletin
7*^
.CORPORATIONS AHD CERTAIN OTHER BUSINESS-TYHE ACTIVITIES-
Table 5.- Source and Application of Funds for the Six Months Ended December 31,
1953
(Continued)
-
(In thousands of dollars)
Certain other buelnoss-type activities
HouslAS
ejad H03ie
-
(Continued)
Flnar.ce Aaency
Office of the Adnlnlstrator
Federal
Housing
Administration
Funds applied:
To acquisition of
sets:
Loans made
Purchaeo of inveetaiienta:
Public debt obligations
Other securities
Purchase, construction, or ImproveEiant of
fixed assets
Cost of acquiring collateral on dofaiatod loans
Other
Total acquisition of aaseta
To expenses (excluding deproclatlon and other
charges not requiring funlfl)
,
To retirement of borrowlnge and capital, and
distribution of surplus:
Repayment of borrowings!
To U. s. Treasury;
By cash
By cancellation of notes
To other Gorernmant corporations and agencies
To the public
Sepaymsnt of capital and surplus:
To U, S. Treasury
To others
Treasurer's acco'ont - depoelt of earnings..
Prefabricated
housing
loans
Berolving
fund for
developnent
of isolated
prograai
defeoise
Inreelauont
Alaska
HDIC
liquidation
unit
ko\:slne
program
Community
facilities
service
Housing
loans for
educational
Institutioos
3,262
2MA13
3,262
It*,
in Federal
National
Mortgaee
Association
26/
6,755
6,755
173
16,609
sites 21/
26,232
,
Dividends ,
,
Other distribution of eurplus
3,867
^3,930
6,250
3,610
Total retiramont of borrowlnga and capital,
and distribution of surplus
55,81^6
To increase in voricing capital and deferred items
Other funds applied
6
31,221*
,
Total fuMa applied
12lt,9l6
Funds provided:
By realization of assets:
Repayment of loans:
By cash
By cancellation of corporation notes..
Sale or collection of investanents:
Public debt obligations
Capital of Government corporations , . .
Other securities
Sale of fixed assets
Sale of acquired eecia-lty or collateral.
Other
Total realization of
By inccme
i
sets.
30,V20
62,529
,
k,-j66
J*,
591
J*,
591
76,329
6,i*88
70U
50,097
itT
26,232
By borrowings, capital and surplus subscriptio
and appropriations:
Borrovinge:
From U, S , Treasury
From other Ckivemmant corporations and
agencies
Proo the public
Capital and surplus subscriptions
By U, S, Treasury
By others
Cancellation of notee to U. S, Treasury
General Fund appropriations - expended
Other
Total borrowings, capital aM eurplus
Bcrlptione, and appropriations
3,763
28,20U
,,
lub-
31,968
By decrease in working capital and deferred Itoaa
Other funds provided
Total
fxaids
provided
12U,9l6
U,766
6,890
750
15,371*
6,5>*1
^laii
i'^^-f
75
-CORPORATIONS AND CERTAIN OTHER BUSHJESS-TTPE ACTIVITIES,
Table 5.- Source and Application of FundB for the Six Months Ended December 31, 1953
(Continued!
(in thoxisands of dollara)
Certain other business-type activities
Houfling and Home Finance Agency - (Continued)
Office of the
Adniinistrator
(Continued)
Slum
clearance
program
- (Continued)
Veterans* Administration
Public Housing Adminletratlo
Guaranteed
Farri
loana to
Sec'irlty
Administration
program
housing
program
housing
program
Veterans
canteen
veterans
Veterans
direct
loan
program
F unds applied:
To acquisition of assotc:
Loans made
Purchaae of Investzaonta
Public debt obligations
Other securities
Purchase, construction, or ijnprovanent of
fixed assets
Cost of acquiring collateral on defaulted loans
13,808
16,297
Other
Total acquisition of assets
13,808
16,631
To expenses (excluding depreciation and other
charges not requiring funds)
5,lt^7
57,038
5,965
2,733
To retirffliiant of borrowings and capital, and
dletributlon of surplus:
Bepajment of borrovings:
To U. S, Treasury:
By cash
By cancellation of notes
To otheff" Government corporations aad agencies
To the public
Repayment of capital and surplus:
To U. S. Treasxiry
To others
Treasurer's account - deposit of earnings
Dividends
Other distribution of surplus
Total retirement of borrovings and capital,
and distribution of surplus
To increase in vorklng capital and dofeired
Other funds applied
iteana
1,SS
l8,8oU
Total funds applied
Funds provided:
By realization of assets:
Repayment of loans:
By cash
By cancellation of corporation notes
Sale or collection of Investaaents:
Public debt obligations
Capital of Govenment corporations
Other securities
Sole of fixed assets
Sale of acqiiired security or collateral
Other
1,769
3,835
16,732
1^5,706
15,186
7,165
1,633
536
Total realization of assets
By income
By decrease in working capital and deferred items
Other funds provided
Total funds provided
Footnote
at end of table.
7,286
......•••>••••••••
By borrowings, capital and eurplua subscriptions,
and appropriations:
Borrowings:
From U. S, Treasury
From other Government corporations and
•
•>•
agencies
From the public
Capital and surplus subscrlptlooB:
By U. S. Treasury
By others
Cancellation of notes to U. S. Treasury
General Fund appropriations - expended
Other
Total borrowlcge, capital and surplus subecriptlcais, and appropriations
15,171*
'*,525
3^
10,000
1*9,123
5,528
210
U67
U5,706
2,251
(Continued on following page)
l6,73g
15,166
60,863
Defense
Production
Act of 1950,
as amended
Atomic
Energy
Commlsalon
Trcasurij Bulletin
76
.
COEPORATIONS AND CERTAIN OTHER BUSINESS-TYFE ACTIVITIES
Table 5.- Source and Application of Funds for the Six Months Ended December 31, 1953
(In thouaands of dollars)
(Continued)
Shni
I'm
77
.CORPORATIONS AMD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Footnotes for Table 4, Income and expense statement, and Table 5, source
and application of funds statement
X/
2/
^
hj
Includes $1,2^ thousand, interest accrued on capital stock.
Bepresents Interest on advances from approprlatlooa ai^ on paid-in
cap 1 ted.
This amount differs i^vca the net loss ebovn abore because this figure
excludes the loss fnm operations "bj the Federal MarltlJM Board and the
MarltlAB Administration (see footnote 1^).
In accordance with the act approred August 6, 1953 (67 Stat. 390), the
Parm Credit Adoinl strati on vas transferred from the Departiaent of Apiculture aol designated as an Independent agency effectlTe December ^,
1953.
rhle Corporation, formerly shovn under the Department of State, vas
transferrea to the Foreign Operations Administration pursuant to Beorg&nliation Plan Bo. 7 of 1953, effective August 1, 1953.
6/ Bepresents accrxial of Interest In lieu of dlTldeods on capital stock.
2/ Bepresents activities imder the United States Hoixalng Act, aa anended.
Var housing and other operatiocis of the Administration are shown under
"Certain other buslneea-type actlTltles."
6/ The figures of this Corporation are shovn on a tentative basis.
2/ On September 29, 1953. pursuant to the act approved July 30, 1953
(67 Stat. 230), the Eeconstruction Finance Corporation started liquidation of Its activities except those ^ich existing lav or this lav permit to be transferred elseirtiere. War Damage Corporation, shovn under
this beading on pages 6U and 6^ in the April 195^ "Treasury Bulletin",
did not have any activity during the first six luanthe of the fiscal
year 195*^10/ Represents accounts held for the United States Treasury in accordance
vlth the act approved J\ine 30, 19»^8 (62 Stat. II87-II88), which
provided for cancellation of Becons true t ion Finance Corporation notes
In the aaouDt of $9.313 .73^ thousand, plus interest accrued thereon
eubse^luent to June 30, 19^7, representing unrecovered costs to the
Corporation as of June 30, 19^7, In Its national defense, var, and
reconversion activities, and stipulated that any amounts recovered by
the Corporation with respect to these activities subsequent to June 30,
19^*7, should, after deduction of related expenses, be deposited In the
United States Treasury as miecellaneoua receipts. Figures for source
and applicaticD of funds are shovn on a net basis.
11/ Includes adju^stment of $7>321 thousand representing deduction due to intraocmtpaxiy cost distribution.
Portions of this adjustment are applicable
to otiier Itaas of expense shovn in this colunn, but the amount of
adjustment to be made on each item of expense is not available at this
time (see footnote 3).
5/
12/ Bepresents Interest on net direct investment of the Govemnent in the
Corporation (see footnote 8).
li/ Bepresents net income of $9,1*68 thousand from pover operatloiis, aal net
loss of $2,996 thousand from nonincoiBe-produclng programs during
the
first six ncsithB of the fiscal year 195^^.
Ih/ Department of the Army - guaranteed loans (World War II), shovn on
pages 6» and 69 in the April 195** "Treasury Bulletin" did not have
any activity during the first six months of the fiscal year I95I1
1^ The cumulative unreserved surplus or deficit cannot be segregated from
the Govenment's equity In the activity, i*hlch consists of expended
appropriations and cimmlatlve unreserved smrplua or deficit.
16/ In accordance with the act approved August I5, I953 (67 Stat. 58I*),
the Secretary of the Interior was authorized and directed to start
liquidation of the Administration.
11/ In accordance with the act approved JxOy 30, 1953 (67 Stat. 230),
the activities carried on pursuant to Section U09 of this act were
transferred Trau the Beconstruction Finance Corporation to the
Secretary of the Treasury on September 28, 1953.
18/ This Administration superseded the Mutual Security Agency, effective
August 1, 1953, pursuant to Beorganisation Plan Ho. 7 of 1953 aM
Executive Order Ho. 10^*76, dated August 1, 1953.
12/ "Qie revolving fund for developaent of Isolated defense altes, shovn
under this heading on page 7J4 of this issue, has bs»en temloated.
The fund did not have any income or expense during the fiecal year
1954 prior to the date of its termination.
20,/ Bepresents Interest on funds advanced to the Adminletraticn by
allocations and appropriations
21/ Pursuant to the act approved JiOy 30, 1953 (67 Stat. 230), and
Executive Order Ho. 10^89, dated September 26, 1953, the activities
carried on by the Beconstjnictlon Finance Corporation in accordance
With Title III of the Defense Production Act of 1950, as amended
(50 U.S.C. 2091-209!*), were transferred to the Secretary of the
Treasury, effective at the close of business on September 28, 1953.
^/ Bepresents revolving fund, defense materials procurement activities.
23/ Bepresents purchase of conmoditles and other costs.
25/ Bepresents a mortgage received from the sale of the Corporation's
property and operating equipment.
2^/ Bepresents sales and exchange of coBBiodities and loans trazisferred
to accounts receivable.
26/ Flgxires In this colimm are shovn on a net basis.
27/ This revolving fuDd has been terminated
* Less than $500.
r Revised.
,
Treasury Bulletin
78
.CUMULATIVE TABLE OF CONTENTS.
June 1953 through May 1954
A/(/i/
1954
79
.CUMULATIVE TABLE OF CONTENTS
June 1053 through May 1054 - (Continued)
Issue and page nuiber
United States savings bonde:
C\«ulAtlTe saloe and. redemptloneby eorlea
Solee and redaaptlona b? periods, all series ccMblned
Sales and redanptlons by periods, Series E through K
Redoaptlons of matured and unmatured bonds
Salaa and redoaptlons by denoulnatlana. Series E and H and
Series F, G, J, and K
Sales and redanptlons by denonlnations Series E ai^ E combined..
S&les by States Series K and H ccniblnad
,
,
Treasury savings notes:
CuBwlatlTe sales and redanptlons by series
Sales and redflnptlons by periods, all series ccmblned.
Ownership of Federal securities:
Distribution by classes of Imrestors and ^^es of issues
Net market purchases or sales for Inrestmant accounts handled by
the Troasin^
Estimated cnmerehlp
rreasury survey of ownership of Federal securities:
Ownership by banks, Insurance ccnpanlee, and others...
Ownership of U. S. Goreinment securities held by corporate pension
trust funds (quarterly, December 31, I9U9 -September 30, 1953)....
Ovnarshlp by ccnraerclal txanks classified by membership In Federal
Reserve System (latest date December 31, 1953)
Market quotations:
End-of*month closing quotations on Treasury securltle
Chart - Yields of Treasury eecicrltles
Average ylelde of long-term bonde:
Average yields of Treasury and corporate bonds by periods
Chart - Average ylelde of Treasury and coirporate bonds...
Internal revenue collections:
Summary by principal sources
Chart - Internal revenue collections by principal source
Detail of collections by type of tax
Monetary etatlstlce:
Money In circulation
Monetary stocks of gold and silver
Gold aeseta and liabilities of the Treasury
Components of silver monetary stock
Silver prediction In the Itolted States and acquisitions by mints
and assay offices
Seigniorage ced silver
IncrcEnent frcm reduction in weight of gold dollar (latest date
March 31, 195^)
Net Treasury gold receipts, quarter ending March 31» 1953
Exchange Stabilization Fund (latest date December
}1,
195?)
Balance sheet
Xncone «nri expense.
Capital movements between the United States
countries:
Sunnoary by periods since 1935
Sionmary by countries and months
Details for latest months by countries.
Supplonentary data by countries
Corporations and certain other business-type activities
(latest date December }1
193?)
,
Balance sheets and loans by type..
Inccne and expense
Source end application of funds...
1.9
Treas.
HJ
U.S. Treasury Dept,
10
.A2
Treasury Bulletin
1954
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