Full text of Treasury Bulletin : May 1955
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LIBRARY
ROOM 5030
JUN 9.31972
TREASURY DEPARTMENT
TREASURY DEPARTMENT
FISCAL SERVICE, BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON 25, DC.
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS
BONDS
FME4&i/MK
'MGMJLfiTW
MflV-1355
UNITED STATES TREASURY DEPARTMENT
FFICE OF THE SECRETBRV
May
1955
Table of Contents
Page
Treasury financing operations
A-l
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
6
Treasury cash income and outgo
&
Debt outstanding and Treasurer'
s
account
12
Statutory debt limitation
15
Debt operations
l6
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
36
Internal revenue collections
32
Monetary statistics
H-2
Exchange Stabilization Fund
^6
Capital movements
kS
Corporations and certain other business-type
activities - income and expense, and source
and application of funds
5S
Cumulative table of contents
75
Note:
Where calculations have been made from unrounded
figures, the details may not check to the totals
shown.
The Treasury Bulletin la for sale by the
Superintendent of Documents,
U. 3. Government Printing Office, Washington' 25, D. C.
Subscription per year $4.25 domestic, $5.25 foreign.
Single copy price varies.
May 1955
A-l
Treasury Financing Operations
Note Offered for Cash and Refunding
Preliminary details of an offering on May 3 of
15-month 2 percent Treasury notes were announced by
the Secretary of the Treasury on April 2g. The notes,
which are dated May 17,1955, and will mature August 15,
1956, were Issued for cash in the amount of $2-1/2
the subscribing bank as of December 31, 1954.
A
payment of 10 percent of the amount of notes subscribed for, not subject to withdrawal until after
allotment, was required on subscriptions from all
others.
Commercial banks qualified as depositaries
were permitted to make payment for the new notes
billion, or thereabouts, and In exchange for the
1-1/S percent certificates of Indebtedness which
by credit
matured May 17, 1955, * n the amount of $3.9 billion.
The cash offering was made to raise funds to pay off
the May and June maturities of Treasury savings notes,
Series B, which amount approximately to I2.3 billion.
Commercial banks and other lenders were requested to refrain from making unsecured loans or
loans collateralized in whole or in part by the
Subscription books for this offering were open on
May 3 only.
For receipt of exchange subscriptions
the books were opened on May 3 and were closed at the
close of business on May 5.
in
Treasury tax and loan accounts.
notes subscribed for, to cover the 10 percent deposits required to be paid when subscriptions were
entered.
A certification by the subscribing bank
that no such loan was made was required on each
subscription entered by it for account of Its
customers. A certification that the bank had no
Subscriptions to the cash offering were approximately $4.0 billion and allotments $2.5 billion.
Subscriptions in excess of $100,000 were allotted
62 percent but not less than $100,000. Those for
$100,000 or less were allotted In full. Exchanges
beneficial interest In its customers' subscriptions,
and that no customers had any beneficial Interest
amounted to nearly $3.2 billion, leaving $712 million to be paid in cash.
Of the $3.9 billion of
in denominations of
maturing certificates, 60 percent were held by
in the bank
1
3
own subscription, also was required.
The securities were Issued in bearer form only,
$1,
000, $5,000,
$10,000,
$100,000,
$1,000,000, $100,000,000, and
$500,000,000.
They are designated 2 percent Treasury notes of
Series B-1956.
reporting commercial banks and Federal Reserve Banks
The ownership figures
for February 23 are the latest published for holdings
Treasury Bills Refunded
of commercial banks reporting to the Treasury on
the ownership of Government securities.
refunded in full in
as of the end of February.
On the cash offering, commercial banks, which
for this purpose are defined as banks accepting demand deposits, were permitted to subscribe for their
own account without deposit, but were restricted in
each case to an amount not exceeding one-half of the
combined capital, surplus, and undivided profits of
Note:
Details of Treasury market financing operations are
shown elsewhere in this issue of the "Treasury
Bulletin," in the tables on "Offerings" and "Dis-
Treasury 91-day bills maturing in April were
t he total amount
of &6.0
billion. They were refunded by four new Issues of
91-day bills of $1.5 billion each, the approximate
equivalent of the corresponding weekly maturity.
The average rates of discount on the new issues
were 1.465 percent for April 7; 1.652 percent for
April 14; 1.664 percent for April 21; and I.697
percent for April 2g.
position," respectively, of marketable Issues of bonds,
notes, and certificates of Indebtedness, and In the table
"Offerings of Treasury Bills."
May 1955
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
Budget receipts and expenditures Net of
Net
receipts
1/
Fiscal years:
1942
1943
1944
1945
1946
12,555
21,987
43,635
I0*,lt 75
39,771
39,786
41,488
37,696
191*7
1948
l°l»9
Expenditures
2/
(-)
2/
-21,490
-57,420
-51,423
-53,941
-20,676
754
8,419
-1,811
-3,122
3,510
-4,017
-1,103
-294
-495
99
679
147
-9,449
-3,117
435
63,50-'.
Net
increase in
Treasurer's
Treapurer't
cash balcash
ance, or
balance
decrease
36,1*95
1*7,568
1953 6/
61., 825
195''
(J
6!t,655
74,274
67,772
1955 (Est.).
1956 (Est.).
59,000
60,000
62 ,408
Levels, end of period
(-)
-1,613
-338
-2,222
791
-524
39,032
33,069
39,507
39,617
41. ,058
65,408
Not
Increase
In
public
debt, or
decrease
(-)
Clearing
account,
etc. 4/
2/37
34,045
79,407
95,059
98,416
60,448
1950
1951
1952
61,391
Surplus,
or
deficit
trust
account
and other
transactions
Debt outstanding
Public
debt
Guaranteed
securities
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
24,6q8
14,238
72,422
136,696
201,003
258,682
269,422
4,568
4,100
555
-507
366
483
-214
-401
-11,136
-5,994
478
4,587
-2,135
3,883
-10,930
1,624
-1,462
2,047
1,839
-388
3,308
4,932
3,470
5,517
7,357
6,969
258,286
252,292
252,770
257,357
255,222
255,105
90
6,966
5,189
-2,299
2,096
4,670
6,766
266,071
271,260
52
328
-250
-303
-4,504
-2,408
-I83
-119
67
3,040
1,700
-1,766
641
5,000
5,000
-41,1*61
-1,788
-266
-1,161
50,232
57,707
64,753
47,484
-13,966
6,983
1,751
9,942
3,767
-2?, 502
-2,249
-4,100
4,331
Total
Federal
securities
Subject to
limitetlon
57
76,991
140,796
202,626
259,115
269,898
74,154
140,469
208,077
268,671
268,932
258,376
252,366
252,798
257,377
255,251
259,151
257,491
251,542
252,028
256,652
254,567
256,507
81
266,123
271,341
265,522
270,790
274,300
276,000
51
31
274,351
276,031
10,543
12,294
22,236
26,003
3,502
108,170
165,877
230,630
278,115
259,149
170,108
232, 11J*
278,682
259,487
110,833
171,202
239,099
288,559
258,554
3,097
4,208
4,679
4,232
4,295
256,900
252,800
257,130
256,708
259,419
4,301
4,230
1,514
567
339
81
42
256,981
252,854
257,160
256,731
259,461
256,127
252,057
256,413
256,026
258,794
267,391
275,168
278,750
54
76
34
267,445
275,244
278,784
266,821
274,671
278,256
1,623
433
476
73
27
20
2?
46
Calendar years
16,081
,227
1*3,678
57,542
89,918
96,896
87,271
38,568
1.1,080
19>>7
1*0,389
1948
1*0,861.
19>i9
37,5H*
37,306
52,979
37,955
35,623
41, 106
37,728
56,337
2,434
5,241
-3,592
70,682
72,997
64,854
-5,842
-9,157
-3,683
5,072
6,018
6,022
5,753
5,183
191)2
1943
1944
1945
1946
31
1*3,21*6
1950
1951
1952
1953
1954 6/
Months:
61*, 81*0
63,81*1
61,171
-55,691
-53,650
-43,594
-2,512
-123
-1,386
362
-240
199
234
87
-106
112,471.
-423
-405
1,111
471
-447
2,711
62
7,973
7,777
3,582
1,770
-1,488
739
-319
-209
-34
603
6,064
4,577
5,186
-1,712
-1,640
-152
-239
301
36
-578
-264
188
6,598
536
-269
4,071
-1,067
-196
8,741
7,675
7,479
272,669
273,206
272,937
63
63
64
272,732
273,269
273,001
272,148
272,688
272,422
-219
79
-176
165
-476
719
449
1,822
-40
-2,352
797
-1,346
5,126
5,923
4,577
273,386
275,209
275,168
66
74
76
273,452
275,282
275,244
272,875
274,707
274,671
-36
9
-320
-67
-4,546
-533
410
944
1,366
4,044
4,988
6,355
274,849
274,782
270,235
75
77
77
274,924
274,859
270,312
274,362
274,300
269,757
811
2,428
-2,215
-1,567
700
1,280
4,787
5,487
6,766
271,047
273,475
271,260
80
80
81
271,127
273,555
271,341
270,572
273,002
270,790
-422
-3,358
-350
-229
-502
311
815
-41
101
55
30
24
6/
1953-July
August...
September
3,360
October.
November.
December.
3,005
4,555
4,588
6,437
-2,748
-628
-1,849
I954 -January .
February.
5,033
5,444
11,434
5,218
4,707
5,555
-185
737
5,879
193
-135
-160
April....
May
June
2,751
3,592
10,644
5,296
5,203
7,308
-2,545
-1,611
3,336
-427
394
-5U
13
146
July
August...
September
2,827
3,911
4,951
4,827
6,731
5,019
-2,000
-2,820
-68
-169
304
-121
-222
21
-276
3,971
-145
-2,542
1,233
-313
4,224
5,457
5,145
270,984
274,955
274,810
21
27
29
271,005
274,982
274,838
270,466
274,447
274,305
October..
November.
December.
2,639
4,201
3,7"*2
4,857
3,842
6,288
-2,218
358
-2,546
-311
391
100
104
-209
425
3,942
101
-103
1,518
641
-2,124
6,663
7,304
5,180
278,752
278,853
278,750
34
34
34
278,786
278,888
278,784
278,255
278,357
278,256
4,655
5,427
9,741
4,942
4,831
5,894
-287
596
3,846
332
-11
-186
36
-311
-257
-4,134
-451
682
-260
4,728
5,411
5,151
278,439
278,182
274,048
24
27
-7
278,463
278,209
274,080
277,949
277,697
273,571
March.
..
1955-January.
February
March
l*,378
5,870
593
-97
354
Source:
Actual figures are from the old Dally Treasury Statement through
the cal en d ar year 1953 except as noted; actual figures on the new
reporting basis (see footnote 6) are from the new Dally Treasury Statement and the new "Monthly Statement of Receipts and Expenditures of the
United States Government"; estimates are based on the 1956 Budget
document released January 17, 1955, including effects of proposed
legislation. More detailed Information with respect to the figures on
this page is given in succeeding tables.
1/ Grose receipts less appropriations of receipts to the Federal Old-Age
and Survivors Insurancs Trust Fund and the Railroad Retirement Account.
and refunda of receipts.
2/ Transactions of the Foreign Economic Cooperation Trust Fund, established
under Section 114 (f) of the Economic Cooperation Act of 1948
(62 Stat. 150), are consolidated with budget expenditures.
Beginning
with the fiscal year 1951, net investments of wholly owned Government
corporations and agencies in public debt securities ars excluded from
budget expenditures, and are Included with other such Investments under
"Trust account and other transactions."
37 Consists of transactions of trust and deposit funds, investments of
Government agencies in public debt securities, and sales and redemptions
of obligations of Government agencies In the market; excess of receipts,
or expenditures (-).
4/ For checks and interest coupons outstanding and telegraphic reports from
33
Federal Reserve Banks, and beginning with the fiscal year 1954, also
deposits In transit and cash held" outBldo the Treasury; net increase,
or decrease (-).
57
6/
For current month detail, see section on "Statutory Debt Limitation"
in each issue of the Bulletin. The limitations in effect during the
period covered by this table and the date when each became effective
are as follows: March 28, 1942, $125 billion; April 11, 1943, $210
billion; June 9, 1944, $260 billion; April 3, 1945, $300 billion;
June 26, 1946, $275 billion; and August 28, 1954, $28l billion
(temporary Increase ending on June 30, 1955). Guaranteed securities
are included under the limitation beginning April 3, 1945. Savings
bonds are included at current redemption value beginning June 26,
In
1946; prior to that time they were Included at maturity value.
the debt outstanding, savings bonds are carried at current redemption value.
New reporting basis as announced February 17, 1954 (see April 1954
"Treasury Bulletin," page A-2). The new Dally Treasury Statement
shows cash deposits and withdrawals In the account of the Treasurer
of the United States. The new Monthly Statement includes agency
transactions not cleared through the Treasurer's account, and shows
receipts when they are received by collecting officers and expenditures when checks are issued or payments are made by disbursing
officers
Not available.
.
.
.
Treasury Bulleti
BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
(In millions of dollars)
Internal revenue l/
Income and profits tares
Fiscal year
or month
1947
1948
1949
1950
1951
1952
Individual
Corporation
2/
Not
withheld
2/ 2J
Employment taxes
Total
income
Withheld
a/
and
profits
For
old-age
insurance
a/
For railroad retirement
y
New reporting basis:
Estate
and gift
taxes 2/
10,013
11,436.
9,842
10,073
13,535
18,521
29,306
31,171
29,482
28,263
37,753
51,347
1,459
1,616
1,690
2,106
3,120
3,569
380
557
564
550
578
735
208
223
226
234
259
2,024
2,381
2,477
2,883
3,931
4,562
185
Not
otherwise
classified
Total
2/
Excise
taxes
2/
Total
employment 2/
§7
19,292
19,735
19,641
18,189
24,218
32,826
,
For unemployment
Insurance
1/
8,049
8,301
8,348
8,303
9,423
9,726
39,379
41,853
40,307
39,449
51,106
65,635
8/
1953
1954
33,012
10,747
21,351
21,635
54,363
53,906
4,086
4,537
620
21,523
603
277
285
4,983
5,425
10,014
10,825
945
1955 (Est.)..
1956 (Est.)..
18,466
17,034
9,600
10,500
21,100
22,000
49,166
49,534
5,190
6,175
600
625
290
295
6,080
7,095
9,073
9,350
930
970
532
252
93
1,429
1,035
2,578
1,422
1,819
2,971
3,955
217
20
300
1,104
743
76
47
4
16
1
240
835
322
713
766
767
77
64
274
October.
November
December
361
290
1,181
199
78
272
1,637
3,126
2,812
188
554
329
21
94
64
4
16
*
213
664
393
785
781
715
65
61
82
1955-January.
February
March.
355
274
6,812
2,239
881
745
1,077
2,759
1,359
884
2,916
1,721
3,477
4,071
9,279
113
555
562
17
64
31
167
20
161
786
628
649
709
841
67
5
-2
151
3
11,208
6,188
15,750
33,147
3,535
449
4,242
6,726
700
1954-July...
August.
September
1955 to date...
internal
revenue
46
258
9 97
70,171
70,300 2/
65,249
66,949
-1
-1
72
*
-3
4
62
2,849
4,634
5,116
2,700
4,629
4,005
4,354
5,631
10,902
44,821
Deductions from budget receipts
Miscellaneous
recelpto
Fiscal year
or month
2/12/
Total
budget
receipts
Appropriations to
FOASI
Trust Fund
11/
Appropriations of
receipts to
Railroad
Retirement
Account
Refunds of receipts 13/
Internal
revenue
Total
refunds
Bet
budget
receipts
n/
1947
1948
1949
1950
1951
1952
494
422
384
256
624
551
4,635
3,824
2,082
1,439
1,639
1,814
44,508
46,099
42,774
41,311
53,369
67,999
1,459
1,616
1,690
2,106
3,120
3,569
1953
1954
613
562
1,865
72,649
73,173
4,086
4,537
620
2,3112/
1955 (Est.).
1956 (Est.).
570
570
2,302
2,486
68,121
70,005
45
48
48
254
119
117
3,148
4,801
5,280
274
October. .
November
December.
47
140
224
165
2,887
4,905
4,217
188
554
329
1955-J«nuary .
February .
Haroh
48
4,833
5,954
113
255
60
430
276
127
11,089
562
46
442
1,853
47,115
3,235
449
423
New reporting basis:
1954 -July
August. ..
September.
.
.
1955 to date.
2,982
2,250
2,817
2,135
2,082
2,275
17
16
15
18
603
3,095
3,345
20
5,190
6,175
600
625
3,307
3,162
20
20
217
20
83
1
743
76
47
68
1
6
1
21
94
64
37
54
80
17
46
64
206
738
2
2
2
1,318
14
T23
550
550
575
738
3,006
2,272
2,838
2,160
2,107
2,302
39,786
41,488
37,696
36,495
47,568
61,391
6
11
3,118
^,377
64,825
64,655
4
3,331
3,205
59,000
60,000
85
70
8
2,827
3,911
4,951
2
39
2
56
82
2,639
4,201
3,742
17
19
2
3
8
9
9
8/
52
47
47
17
4
2
48
741
4,655
5,427
9,741
1,336
42,095
208
.
Source: Actual figures through 1952 are from the old Dally Treasury Statement;
actual figures on the new reporting basis are from the new "Monthly Statement of Receipts and Expenditures of the United States Government" (see
footnote 8); estimates are based on the 1956 Budget document, released January 17, 1955, including effects of proposed legislation.
Footnotes on page 5.
.
May 1955
.BUDGET RECEIPTS AND EXPENDITURES.
Table 2.- Expenditures by Major Classifications
(In millions of dollars)
Fiscal year
or month
Total
1947
1948
19*9
1950
1951
39,032
33,069 xU
39,507 22/
39,617
44,058
Interest
on the
public debt 15/
Veterans'
services and
benefits 16/
15,130
11,446
12,787
12,952
21,663
42,867 2§/
65,408
1952
New reporting basis:
International
affairs and
finance
Rational
seourity
JtjJ
6,562
4,479 22/
6,026 22/
4,817
3,798
2,839
4,958
5,211
5,339
5,750
5,613
5,859
7,259
6,469
6,878
6,517
5,333
4,952
5,123
5,463
8,476
9,581
7,652
8,891
8/
1953
1954
67,772
50,276
46,522
2,184
1,553
6,504
6,382
4,334
4,249
10,977
9,065
1955 (Est.)
1956 (Est.)
63,504
62,408
40,644
40,458
1,200
1,090
6,475
6,300
4,408
4,608
10,777
9,952
4,827
6,731
5,019
3,061
3,370
3,261
81
94
152
213
332
541
336
334
321
1,136
2,601
745
October
November
December
4,857
3,842
6,288
3,300
3,316
3,739
73
39
192
346
368
1,200
349
373
401
790
-304
756
1955-January
February
March
4,942
4,831
5,894
3,176
3,048
3,759 22/
171
148
109 22/
222
396
478
379
365
386
994
875
1,163
30,321 22/
816 22/
4,096
3,244
8,756
74, 271*
1954-July
August
September
1955 to date.
47,233
1956 Budget document, and estimates are adjusted In this table to a
basis comparable with actual expenditures as shown.
Footnotes on page 5»
See Table 1. Expenditure classifications are based on the detail
available from the monthly Treasury reports and are described In the
footnotes: they differ somewhat from the classifications used In the
Source:
Table 3.- Expenditures for National Security
(In millions of dollars)
Fiscal year
or month
Secretary of
Defense 20/
Air Force
military
functions 21/
Army
military
functions
22./
6,911
5,965
5,346
4,034
6,811
1947
1948
1949
1950
1951
15,130
11,446
12,787
12,952
21,663
161
343
1952
42,867 18/
402
12,350 2§/
15,364 28/
1953
1954
50,276
46,522
409
464
15,085
15,668
1955 (Est.)
1956 (Est.)
40,644
40,458
500
600
3,06l
3,370
3,261
35
33
New reporting basi
1954-July
August
September.
.
.
Ootober
November
December
1955 -January
February
March
1955 to date
3ource:
See Table 2.
Navy
military
functions
Mutual
Atomic
military
energy 24/
program 23/
Strategic and
critical
materials
11
99
Other 82/
4,998
4,171
4,412
4,110
5,757
9,961
161
279
171
948
2,292
159
456
647
524
908
1,648
299
439
656
847
16,242
12,910
11,875
11,293
3,956
3,629
1,791
1,895
919
651
12
15,200
15,600
8,900
8,850
9,775
9,700
2,675
3,075
2,050
2,000
994
783
550
-150
1,105
1,304
1,182
514
877
806
839
698
817
334
228
210
174
I69
160
61
60
38
3,300
3,316
3,739
41
40
40
1,274
1,272
1,473
756
763
922
837
777
845
187
181
152
170
156
158
36
126
148
3,176
3,048
3,759 22/
38
36
44
1,558
1,230
1,436
775
712
721
728
865
-113
163
63 22/
158
151
153
39
29
43
239 22/
30,321 22/
3»6
7,128
1,403 22/
1.^*9
589
533 22/
5
1,690
3,506
6,238
3,052
594
108
8
3
3
2/
11,835
915
7,039
Footnotes on page 5.
48
l
•
)
Treasury Bulletin
BUDGET EECEIPTS AND EXPENDITURES
Table 4.- Expenditures for International Affairs and Finance
(In Mill lens of dollars
Fiscal year
or nontb
Department
of State
133
229
265
299
277
214
88
25
2,184
1,553
1,200
1,090
271
117
6,562
19"»9
6,026 yjj
4,817
3,798
2,839
1950
1951
1952
»e» reporting basis
Economic and
technical assistance (Mutual
Seourlty Act) 2jJ
938
465
19*7
1948
Gorernment
and relief la
occupied areas
Other 22/
_8fi/
514
881
1,333
779
370
152
134 rjj
4,043 ±2/
3,523
3,006
-60
45
ClTlllan
relief In
Korea
2,191
4,977
2,770
445
170
49
183
9
72
8/
1953
1954
9k
.
1955-tfanuary
February
March
1955 to date
73
89
192
8
8
14
#
-11
171
148
109 12/
October
November ..... ,..•,
Deo amber
6
14
-39
2
-20
8
11
14
-90
93
83
1,078
1,028
-42
28
1,703
1,215
99
138
150
152
1954-July
August
September
156
81
1955 (Est.)
1956 (Est.)
Source:
Export-Import
Bank 26/
26
3
86
5
78
151
8
7
2
7
63
91
I69
-44
207
1
3
132
1
1
-13
1
107 12/
-116
816 ja/
See Table 2.
2
28
792 A2/
Footnotes on page
5
Table 5.- "Other" Expenditures
(In millions of dollars)
Fiscal jear
or mouth
1947
1948
1949
1950
1951
1952
Nov reporting basis:
Total
Social
security,
welfare, and
health 22/
Housing and
coma unity
doTelopment
M
iv
2,961
2,653
1,554
1,389
l,^
1,360
1,180
52
-35
3,254
2,357
262
2,029
-2
123
178
146
142
9
102
-59
38
10,977
9,065
1,801
1,882
1955 (Est.)
1956 (Est.)
10,777
9,952
1,860
1,909
243
1,136
2,601
745
165
149
153
790
129
Finance,
commerce,
and
industry 15/
Other
3i/
299
287
399
714
188
138
1,032
1,338
1,697
1,884
2,000
2,064
52
104
2,333
2,140
1,542
1,357
107
122
2,412
3,098
117
118
133
123
120
117
18
29
400
174
191
136
1,064
236
133
134
117
126
247
121
-46
-52
91
-13
349
260
684
132
3,017
1,019
68
-56
-270
460
665
8/
-304
756
1955-January
February
March
1,163
178
135
137
1955 to date
8,756
1,384
See Table 2.
33/
939
1,121
1,393
1,486
1,499
1,839
1953
1954
Source:
Transportation
and
comwunicatlon
519
822
1,221
1,399
1,376
1,451
979
1,045
1,165
1,526
1,640
1,672
Ootober
Hot ember
December
Satural
resouroes
1,226
782
2,658
2,842
489
1,063
5,123
5,463
8,476
9,581
7,652
8,891
1954-July
August
September
Agriculture and
agricultural
resources gfc/
994
875
"•35
-556
-72
40
1,841
>>5
51
157
177
250
Footnotes on pegs 5.
39
50
14
201
137
89
1,179
149
1,877
97
155
173
.
May 1955
.BUDGET RECEIPTS AND EXPENDITURES.
Footnotes to Tables
For further detail, see tables under "Internal Revenue Collections."
Breakdown was not made In the Dally Treasury Statement for years
prior to 1951*.
Beginning January 1951, the distribution of receipts between Individual income taxes and old-age insurance taxes ia made In accordance
with provisions of Sec. 109 (a) (2) of the Social Security Act Amendments of 1950, for appropriation to the Federal Old-Age and Survivors
Insurance Trust Fund (see footnote 11).
Taxes on employers and employees under the Federal Insurance Contributions Act, as amended (26 U.S.C. IUOO-1U32) and, beginning with the
taxable year 1951* tax on self-employed individuals under the SelfEmployment Contributions Act (26 U.S.C. l*-80-U82).
Taxes on carriers and their employees under the Railroad Retirement
Tax Act (26 U.S.C. 1500-1538).
Tax on employers of 8 or more under the Federal Unemployment Tax Act,
as amended (26 U.S.C. l600-l6ll).
Through 1953 y contributions to the Railroad Unemployment Insurance
Administration Fund were carried in the Dally Treasury Statement as
miscellaneous receipts, while the 1956 Budget document Includes them
In employment taxes for those years. This difference in classification accounts for the difference in figures from the two sources.
After 1953 the contributions are credited direct to the trust account.
For amounts of the contributions, see "Treasury Bulletin" for
February 1951*, page 7.
As announced February 17, 195** (see April 195^ "Treasury Bulletin,"
page A-2); see also page 1, footnote 6.
In the 1956 Budget document, Internal revenue taxes not otherwise
classified are Included in miscellaneous receipts.
Includes proceeds from sale of surplus property and from Governmentowned securities; seigniorage; deposits resulting from renegotiation
of war contracts (Bee "Treasury Bulletin" for February I9U8, page 5);
and railroad unemployment insurance contributions for administrative
expenses through 1953 j after which they are carried as trust account
receipts under the Railroad Retirement Board.
lit Amounts appropriated to the Federal Old-Age and Survivors Insurance
Trust Fund are equivalent to the amounts of taxes collected and
deposited for old-age insurance (1*2 U.S.C. 1+01 (a)). The Social
Security Act Amendments of 1950, approved August 28, I95O
(6*t Stat. ^77), changed in certain respects the basis of transferring
the appropriated funds to the trust fund. Beginning January 1951,
the amounts transferred currently as appropriations to the trust fund
are based on estimates of old-age insurance tax receipts made by the
Secretary of the Treasury pursuant to the provisions of Sec. 109 (a) (2)
of the Amendments of 1950, and are adjusted In later transfers on the
basis of wage and self -employment income records maintained in the
Social Security Administration.
¥U Excludes the Government's contribution for creditable military service
under the act of April 8, 1$h2 (56 Stat. 20U). Beginning 1952, amounts
are appropriated to the Railroad Retirement Account equal to the amount
of taxes under the Railroad Retirement Tax Act deposited In the
Treasury, less refunds, during each fiscal year (65 Stat. 222 and
66 Stat. 371), and transfers are made currently. Previously, annual
appropriations were based, in effect, on estimated tax collections, with
any necessary adjustments made in succeeding appropriations.
Interest on refunds is included In Table 5 under "Other."
Expenditures are "net," after allowance for reimbursements to appropriations, receipts of revolving fund appropriations, and receipts credited
to disbursing accounts of corporations and agencies having authority to
use collections without formal covering Into the Treasury. The figures
include transfers to trust accounts . They exclude net Investments of
wholly owned Government corporations and agencies in public debt securities beginning 1951 (when these Investments were grouped with those of
trust funds and accounts), and public debt retirements chargeable to the
sinking fund, etc., under special provisions of law. Payments to the
Treasury, principally by wholly owned Government corporations, for retirement of capital stock and disposition of earnings are excluded from
both receipts and expenditures. Further information on theBe capital
transfers may be found in the 1953 Annual Report of the Secretary of
the Treasury, page 332.
Beginning November 19^9, interest on the public debt is reported as an
expenditure when such interest becomes due and payable, as distinguished
from the previous practice of showing the expenditure on the basis of
Interest paid by the Treasurer of the United States.
Consists of Veterans' Administration expenditures, including the direct
loan program.
Includes transactions relating to the Foreign Economic Cooperation
Trust Fund (see page l).
Net transactions by the Departments of the Air Force and the Army relating to "Deposit fund accounts" are Included under "Trust Account
1
19/
20/
2jl/
22/
23/
2k/
25/
26/
2 7/
,
gfc)/
29/
30/
31/
3<?/
W
33/
3ifc/
through 5
and Other Transact ions" Instead of "Budget Receipts and Expenditures,"
beginning 1952.
A more detailed breakdown became effective in the Monthly Statement for
March 1955 which resulted In a shift between "Economic and technical
assistance" on one hand and "Mutual military program" and "Other"
national security (direct forces support) on the other. Figures for
the reclassified Items are not available by months for July through
February, however, and are included only in the cumulative figures
shown for the fiscal year to date.
Includes retired pay for the military services beginning September
19^9 and interservice activities beginning July 195 1*-.
Excludes certain expenditures made on behalf of the Department of the
Air Force out of 19^9 and prior year appropriations to the Department
of the Army.
Includes certain expenditures on behalf of the Department of the Air
Force (see footnote 21).
Consists of expenditures from funds appropriated to the President
under the Mutual Security Act, approved October 10, 1951
(22 U.S.C. 1651), and the preceding Economic Cooperation Act; and
Greek -^Turkish assistance.
Consists of expenditures of the Atomic Energy Commission.
Consists of payments under the Armed Forces Leave Act, expenditures
for surplus property disposal, and In 19^7 also national defense
expenditures of the Reconstruction Finance Corporation and certain
other agencies; beginning 195^, consists of direct forces support.
Excludes Bank expenditures under the Mutual Security Act and the
preceding Economic Cooperation Act of 19^8, as amended.
Consists of expenditures from funds appropriated to the President
under the Mutual Security Act, and the preceding Economic Cooperation Act.
After 1952, expenditures for this purpose are not shown separately
in monthly reports to the Treasury; those made by the Department of
State (the greater part, currently) are included under that heading
in this table; those made by other agencies (principally the Department of the Army) are not Included in this table.
Consists of expenditures under the Bretton Woods AgreementsAct (19^7);
credit to the United Kingdom (19^7 and 19^&); expenditures of the
United Nations Relief and Rehabilitation Administration; relief to
countries devastated by war; various other foreign relief programs;
international children's emergency funds; and loan for construction
and furnishing of United Nations Headquarters.
Consists of expenditures of the Department of Health, Education, and
Welfare except the Office of Education, and of the corresponding
component organizations prior to the establishment of this department
on April 11, 1953; the Government's contribution under the Railroad
Retirement Act for creditable military service, and certain other
Railroad Retirement Board expenditures through 1953* and also, beginning 1950, the school lunch program under the Department of
Agriculture
Consists of expenditures of the Housing and Home Finance Agency, and
of component organizations prior to the establishment of this agency
on July 27, I9U7; Federal Civil Defense Administration; and disaster
relief.
Consists of expenditures of the Department of Agriculture except the
Forest Service and the school lunch program; and of the Farm Credit
Administration,
Consists of expenditures of the Department of the Interior; the
Tennessee Valley Authority; the Corps of Engineers in the Department
of the Army (river and harbor works and flood control); and the
Forest Service In the Department of Agriculture.
Consists of expenditures of the Civil Aeronautics Administration,
Civil Aeronautics Board, Maritime activities and predecessor agencies,
and Bureau of Public Roads, all now in the Department of Commerce; the
Coast Guard In the Treasury Department; and the Post Office Department. Figures prior to 195 * include net expenditures of certain working funds of the Department in addition to the Postal Service Fund
(advances to cover the postal deficit). Beginning with 195 ** net
expenditures of the Department, including the Postal Service Fund, are
on the basis of cash receipts and expenditures recorded in the accounts
of the Department.
Consists of expenditures of the Department of Commerce except those
included under "Transportation and communication"; the Reconstruction
Finance Corporation (as In liquidation by the Treasury Department beginning July 195U); Federal Facilities Corporation beginning July
195*t-; the Small Business Administration; the Economic Stabilization
Agency; and funds appropriated to the President for the expansion of
defense production.
Includes expenditures for executive departments and other agencies
not included elsewhere and for legislative and Judicial functions.
Less than $500,000.
1
1
35/
36/
*
.
-TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 1.- Summary of Trust Account and Other Transactions
(In millions of dollars)
Net of
truat account
and other
transactions ^/
Fiscal year
or month
19W
Trust accounts, etc.
Net receipts, or
expenditures (-)
-1,103
-294
-U95
99
679
Expenditures
(other than net
Investments)
Pecelpte
Net Investments of
Government agencies In
public debt securities
Net redemptions, or sales (-),
of securities of Government
agencies In the market
Guaranteed
Not guaranteed
6,244
6,515 2/
5,714
6,669
7,796
8,807
3,625
3,857
3,824 2/
6,950
3,945
4,952
3,362
3,060
2,311
-402
8
14
3,557
3,636
-10
-16
-374
1"»7
2,619
2,658
1,890
-281
3,852
3,855
435
328
3,760
2,386
8,929
9,155
5,169
6,769
3,301
2,054
-7
-29
32
1955 (Est.)
1956 (Est.)
-183
1,496
2,390
9,804
11,283
8,308
8,894
2,454
2,751
31
20
-806
-1,022
1954-Juiy
August
September
.169
304
-121
-227
434
1,224
457
660
526
788
-91
311
-48
61
-27
-331
-6
-1
-161
October
November
December
-311
391
100
-430
524
317
370
994
890
800
469
-142
-5
-1
«
-32
1955-January
February
March
332
-11
-313
-53
17
268
600
581
653
761
10
-521
-3
-6
40
-67
1948
19"»9
1950
1951
1952
New reporting basis:
387
16
46
-28
-123
28
3_/
1953
1954
641
697
-7
167
191
573
778
Source: Actual figures through 1952 are from the old Daily Treasury Statement;
actual figures on the new reporting baale are from the new "Monthly Statement of Receipts and Expenditures of the United States Government" (see
footnote 3); estimates are based on the 1956" Budget document, released
January 17, 1955, including effects of proposed legislation.
1/
2/
3/
*
-134
-79
97
33
90
28
25
Excess or receipts, or expenditures (-).
Excludes Foreign Economic Cooperation Trust Fund (see page
As announced February 17, 195 1*; e«e P*8e 1, footnote 6.
Less than $500,000.
l)
Table 2.- Trust Account Receipts
(In millions of dollars)
Federal Old -Age
and Survivors
Insurance Trust
Fund
Fiscal year
or month
1947
1948
1949
1950
1951
1952
Railroad
Retirement
Account
Unemployment
Trust Fund
Notional Service
Life Insurance
Fund
Government
Life
Insurance
Fund
Government
employees'
retirement
funds 1/
Other trust
funds and
accounts
2/
6,244
6,515 37
5,714
6,669
7,796
8,807
1953
1954
1955 (Est.)
1956 (Est.)
1954-July
August
September
October
November
December
1955-O'anuary
February
March
323
797
625
645
678
850
1,289
1,313
1,173
1,281
1,542
1,643
1,504
740
690
1,076
684
786
134
90
92
87
86
87
57S
594
680
809
850
912
8,929
9,155
New reporting basis:
1,623
1,807
1,924
2,367
3,411
3,932
4,516
5,080
742
737
1,594
1,492
637
619
79
78
961
691
401
457
9,804
11,283
5,774
6,799
702
1,503
1,712
575
621
78
75
712
945
461
401
434
1,224
457
228
764
287
204
20
43
61
45
275
4
"•3
24
12
34
37
31
3
76
47
3
31
45
22
95
65
35
42
3
218
170
32
3
29
37
36
38
33
3
23
43
3
157
32
40
2
792
1,174 37
529
40-
545
597
4/
370
994
890
268
600
778
572
531
115
277
576
731
17
65
47
Source: See Table 1.
1/ Consists of Civil Service and Foreign Service retirement funds.
2/ Includes Adjusted Service Certificate Fund, District of Columbia, Indian
tribal funds, Island possessions. Increment resulting from reduction In
the weight of the gold dollar, and through June 1950 eelgnlorage on silver
under the Sliver Purchase Act of 1934. Thereafter any such seigniorage Is
Included under budget receipts. Beginning with the flecal year 1954, the
19
3
46
42
25
35
41
41
31
51
Pallroad Unemployment Insurance Administration Fund Is classified as a trust account, Instead of being handled through
budget accounts sb formerly (see "Budget Receipts and Expenditures,'' Table 1, footnote 10).
Excludes Foreign Economic Cooperation Trust Fund (see page 1).
As announced February 17, 1954; see page 1, footnote 6.
'
'
.
May 1955
-TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 3.- Trust Account Expenditures Other Than Net Investments
(in millions of dollars; negative figures are excess of credits)
71 seal year
or month
1947
Total
3,625
3,857
19lt8
1949
1950
1951
1952
3,821*
6,950
3,945
4,952
new reporting basis
Federal Old-Age
and Survivors
Insurance
Trust Fund
Railroad
Retirement
Account
1*66
y
173
559
esi
222
278
781*
301*
1,569
2,067
321
391
Unemployment
Trust
Fund
009
859
1.31 *
2,026
900
1
Rational
Service Life
Insurance
Fund
282
302
Government
Life
Insurance
Fund
31*3
67
70
61
,988
2,9
111*
6ll*
Government
employees
retirement
funds 1/
77
1,01*9
996
Other
trust funds
and accounts
2/2/
Deposit
fund
accounts
(net) 37
323
1,073
21*1*
1,231*
222
268
271
300
526
370
387
1*13
-31*6
363
Ull
1*1.1
495
-529
-558
599
549
-110
100
y
372
367
1*11*
96
-19 1*
y
6/
1953
1954
5,169
6,769
2,750
1*65
3,1*05
502
1,010
1,745
623
11*7
1955 (Est.)
1956 (Est.)
8,308
8,89U
4,459
581
590
1,712
531*
517
86
88
1*1*7
1,59"*
660
526
788
300
295
382
79
44
179
180
172
1*5
10
3"*
1*6
-31*
1*5
7
1*7
21
-126
86
October
November
December
800
357
355
1*1*
1*69
1*5
573
36I*
1955-January
February ......
March
581
653
761
370
382
399
1954-July
August
September
l*,968
82
1*69
1*3
7
36
35
153
156
1*1*
-131*
161*
1*2
35
36
35
33
-37
1*6
6
6
6
20
-103
1*6
201*
1*3
25
-11*7
181.
>*3
6
6
35
1*6
31*
28
1*8
192
50
7
37
1.1*
-71
-15
1*3
Source: See Table 1.
1/ Consists of Civil Service and Foreign Service retirement funds.
2/ Includes Adjusted Service Certificate Fund, District of Columbia,
Indian tribal funds, expenditures chargeable against increment on
gold, and beginning 1950, Mutual Defense Assistance Trust Fund.
Beginning with the fiscal year 1954, includes also the Railroad
1*3
I
Unemployment Insurance Mmlnletration Fund (see Table 2, footnote 2).
Includes net investments In public debt securities by certain
accounts through 1950 (see Table h, footnotes 2 and 3).
Excludes Foreign Economic Cooperation Trust Fund (see page l)
Includes transactions by the Air Force and the Army beginning 1952.
As announced February 17, 195^-J see page 1, footnote 6,
Table 4.- Net Investments of Government Agencies in Public Debt Securities
(In millions of dollars
Fiscal year
or month
;
127
negative figures are excess of redemptions)
.
Tn'asuni Hulle
.TKEASUFY CASH INCOME AND 0UT0O
Table
The cash Income and outgo of the Treasury shown In
the
1 cone let of cash deposits and withdrawals In
follow the method used previously for deriving cash Income
and outgo from the transactions carried In the old Dally
Some rearrangement has been made In the table
account of the Treasurer of the United States. This Is
In line with the new reporting basis of the "Dally
Effective
Statement of the United States Treasury."
Statement.
February 17, 195
and trust account transactions.
the Dally Treasury Statement shows
deposits and withdrawals In the account of the Treasurer
1
*,
of the United States.
setup,
principally to combine all receipts and all ex-
penditures Instead of deriving separately the cash budget
Budget results and trust account
Reporting bases for the tvo statements differ In two
Certain corporation and agency transactions In
and other transactions are now reported once each month
respects.
In the "Monthly Statement of Receipts and Expenditures of
securities whloh are not effected through the account of
the Treasurer of the United States are Included In
the Monthly Statement but excluded from the Dally Statement.
the United States 3ov eminent" (seepage A-2 In the April I95U
Issue of the "Treasury Bulletin"
).
Figures Tor 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 transactions cleared through the Treasurer's account.
In Tables
2,
J,
and U is given the reconciliation of
the cash transactions with the budget and
other
trans-
actions which formerly appeared In the old Dally Statement
and now appear In the new Monthly Statement.
These tables
These are eliminated from the Monthly Statement figures
in arriving at the cash transactions shown In the tables
which follow. Other differences arise because of the
differences In timing, as between ohecke Issued (Monthly
Statement) and check.8 paid (Dally Statement for expenditures or between collections (Monthly Statement) and
)
clearances (Dally Statement) for receipts. Thus an
Individual transaction near the end of a month may be
Included during that month In one statement but not
until the following month In the other. These differences
tend to correct themselves over a period of time, but for
given reporting date It Is necessary to Include an
adjustment figure to cover them.
a
Table 1.- Summary of Cash Transact lone
(In millions of dollars)
'
May [<m
.TREASURY CASH INCOME AND OUTGO.
Table 2.- Derivation of Cash Deposits
(In mllll one of dollars)
Peaelpte
Fiscal year or month
Budget (net) \]
l$k7
19k8
19k9
1950
1951
1952
Trust account
39,786
6,21*1.
Total
ltl,U88
6,515
1*6,030
1*8,003
37,696
5,71"*
1*3,1*10
36,1*95
1*7,568
1*3,161.
61,391
6,669
7,796
8,807
195**
6*1,825
6*1,655
8,929
9,155
73,811
1955 (Est.)
1956 (Est.)
59,000
60,000
9,801*
68,801*
11,283
71,283
1*31*
3,261
5,135
Hew reporting basis:
1953
195k-July
August
September
55,361*
70,198
3_/
73,751*
2,827
3,911
l», 951
1,221*
1*57
5,1*08
October
November
December
2,639
370
3,009
1*,201
99**
3,71*2
890
5,191*
l*,632
1955-January
February
March
"*,655
5,1*27
9,71*1
268
600
778
*,923
6,027
10,519
Noncash Items deducted
Pluel
from budget receipts - excess
profits tax refund bonds 2/
-39
-10
-k
-1
-1
-1
10
Treasury Bulletin
.TREASURY CASH INCOME AND OUTGO.
Table 3.- Derivation of Cash Withdrawals
(In millions of dollars)
.
May
11
1955
.TREASURY CASH INCOME AND OUTGO.
Table 4.- Derivation of Cash Borrowing or Repayment of Borrowing
(In millions of dollars; negative figures indicate net repayment of borrowing)
Less:
Public
debt increase
or decrease
Interest
on
savings
bondB
(->
Treasury
bills
trust
funds
1/
Fiscal year
or month
accounts
,
Issuance of public debt
securities involved In expenditures of other accounts or in
refunds of receipts
Ret
Less:
investments in
public debt
Less:
securities
tions
By Gov- Armed
ernment forces
agencies leave
bonds
8/
11,136
-5,994
19*8.
1949.
1950.
1951.
1952.
469
559
4,587
-2,135
3,883
19"*7.
580
574
638
779
New reporting basis:
Total
deduc-
Plus:
Ret sales of
obligations of
Government agencies
in the market
3,362
3,060
2,311
-405
3,369
3,355
Excess
profits
tax
refund
bonds kf
Notes to
Adjusted Interservice national
bonds 2/ Bank and
Fund 2/ if
177
1,793
-8
2,140
-69
1,229
319
97
186
281
-164
-95
-160
-68
-4
-2
-2
-1
-1
-913
-123
-39
-10
166
-4
-1
13
-9
-1
-1
Guaranteed
securities
Nonguarenteed
securities
Adjustments for differences in reporting
baseB for net transactions In securities
by Government agencies
Transactions
not cleared
through
Treasurer's
account
-387
28
-7
331*
-16
-46
-8
123
-28
-14
4,044
4,336
10
16
374
-88
-52
-108
-68
-79
-170
-155
-274
Other
differences
7,893
1,394
2,916
(-)
y
-19,395
-7,333
-2,621
it,
163
-5,874
-695
jj
1953
1954
6,966
5,189
719
524
3,068
1,688
232
366
-24
-14
109
4,023
2,673
7
29
-32
-33
1955 (Eat.).
1956 (Eat.).
3,040
1,700
550
450
262
198
-10
-5
200
100
,194
,296
-31
-20
806
1,022
1954-July...
Aug
Sept...
-276
13
58
32
-1
-16
112
-61
6
-145
10
333
121
27
30
-1
-1
31
3,971
71
39
2,192
2,553
-104
280
-81
Oct
Nov....
Dec . .
3,942
101
-103
51
-133
112
-9
6
-86
5
55
254
-63
9
-25
221
237
*
1955-Jan....
Feb....
Mnr
-311
-257
-4,134
51
-17
-336
-127
42
202
49
55
-83
-10
.
Equals:
Ret cash
borrowing,
or
repayment
of
borrowing
45
72
5
28
1
1
-88
137
36
3
6
17
2,763
2,255
621
-59
-90
161
-39
-28
-8
-28
32
-25
-7
-1
-11
521
-40
67
-24
-40
-63
3
us
1
*
-356
3,645
-117
-229
-2
-19
3,996
-107
28
-349
102
259
-143
-4,270
-9
budget receipts at the time of Issuance and as a cash deduction at the
time of cash redemption; net issuance, or redemption (-).
Ret Investments of Government agencies In public debt securities and
net sales of obligations of Government agencies in the market.
Includes borrowing through Postal Savings System.
For explanation, see he adnata.
Less than $500,000.
Source:
See Table 2.
1/ Accrued discount on savings bonds and bills less Interest paid on
savings bonds and bills redeemed.
8/ The Issuance of these securities Is treated as a noncash budget expenditure at the time of Issuance and as a cash budget expenditure at the
time of cash redemption; net issuance, or redemption (-).
See Table 3, footnote 3.
The Issuance of these securities is treated as a noncash deduction from
%
Footnotes to Table 3
1/
2/
if
hf
5/
6/
if
8/
For further detail, see "Budget Receipts and Expenditures," Table 2.
Includes nst investments of Government agenciss in public debt securiities and net redemptions in the market of securities of Government
agencies (see "Trust Account and Other Transactions, " Table 1).
The United States subscription to the capital of ths International
Monetary Fund was paid In part from the Exchange Stabilization Fund
(see "Treasury Bulletin" for September 19^7, page 17).
Accrued discount on savings bonds and bills lees interest paid on savings bonds and bills redeemed.
Prior to 1951, consists of net investments of corporations not wholly
owned; beginning with that year, includes also those of wholly owned
corporations and sgencies which for prior years are included In budget
expenditures.
For explanation, see headnote.
Treated as noncash expenditures at the time of issuance and as cash expenditures at the time of redemption; net issuance, or redemption (-).
For explanation, see headnote. Excess of expenditures on Monthly Statement basis is deducted.
2/
jLO/
jLl/
*
As shown in ths "Monthly Statement of Receipts and Expenditures of the
United States Government"; consists of changes in chscks and interest
coupons outstanding and telegraphic reports from Federal Reserve Banks,
and beginning with the fiscal year 195^> also changes in deposits in
transit and cash held outside the Treasury.
Net investments of Government agencies in public debt securities and
net redemptions of obligations of Government agencies in the market.
Since deposit funds (net) are included under trust account expenditures, the interest received by corporations not wholly owned is
carried there as a negative expenditure. Thus when budget expenditures and trust account expenditures are combined, the payment and
receipt of this Interest offset each other. Payment of interest to
wholly owned Government corporations Is offset because it is treated
as a negative budget expenditure when received by the corporations.
Less than $500,000.
.
.
-
,
.
12
Treasury Bulletin
DEBT OUTSTANDING AND TREASURER'S ACCOUNT
Table I.- Summary of Federal Securities
(In millions of dollars)
End of
fiscal
year or
month
19*7
Total outstanding
Intereet-besrlng debt
GuaranTotal 1/
Public
debt
Matured debt and debt bearing no Interest
Guaran-
teed
securi
ties 2/
Total
90
255,197
250,132
250,785
255,226
252,879
255,113
250,063
250,762
255,209
252,852
256,907
263,997
268,990
256,863
263,91*6
268,910
51
80
Public
debt
teed
securities 2/ .3/
Total
19*9
1950
1951
258,376
252,366
252,798
257,377
255,251
258,286
252,292
252,770
257,357
255,222
1952
1953
195*
259,151
266,123
271, 3*1
259,105
266,071
271,260
52
81
Debt peak:
Feb. 19*6...
279.76U
279, 21<*
551
278,1.51
277,912
539
1953-''ec ember.
275,2**
275,168
76
272,956
272,881
75
271,005
270,98*
27li,982
268,699
272,719
268,681
272,693
27*, 838
27*,8l0
21
27
29
19
27>*,955
272, *67
272,1*1*0
2,305
2,263
2,371
31*
276,1*32
276,51*5
275,761.
275,731
275,718
275,590
271,232
275,696
275,565
271,200
191*8
195*-July
August.
September
.
October.
November.
December.
1955-January.
February..
March
.
278,786
278,888
278,781*
278,752
278,853
278,750
278,1*63
278,1.39
278,209
278,182
27*, 0*8
271*, 080
73
27
20
29
1*6
3*
3*
24
27
33
Matured
3,173
2,229
2,009
21*5
Monetary
Fund */
83
3,179
69
2,231*
21*
2,012
2,150
2,372
2,11*8
2,21*1*
2,21*2
1.19
2,125
2,350
298
1,302
1*37
1,1*11
1,313
1,301
238
2,288
2,287
1*36
2,303
2,262
2,370
362
3*1
339
2,353
2,352
2,31*3
2,31*2
318
299
3,020
3,019
26
27
276,1*00
33
33
33
276, 511
Other
1,271*
2,126
2,351
17
27
2,370
22
25
2,71*5
2,71*3
8 ,6lS
2,617
32
2,81*8
2,81*7
Source: Dally Treasury Statement.
1/ Includes certain obligations not subject to statutory limitation.
For amounts subject to limitation, see page 1.
Excludes guaranteed securities held by the Treasury.
For current month detail, see "Treasury Survey of Ovnershlp."
Special notes of the United States Issued to the International
Monetary Fund In payment of part of the United States subscription,
Guaranteed
securities 2/
(matured)
Public debt
Total
231
280
265
512
1,218
788
701
613
575
1,721.
1,161
1,063
1,270
1,283
550
525
502
1,063
12
511
1,3"*0
1
1,1*1*2
1*99
1,1*26
1*93
1*90
1,003
1,5**
1,553
1,528
729
596
792
1,528
1,536
1,572
2
1*95
1,538
1*90
1*8
1*87
1*86
1*83
pursuant to provisions of the Bretton Woods Agreements Act. The
notes bear no Interest, are nonnegotlable, and are payable on demand
Similar notes Issued to the International Bank and outstanding
191*7-191*9 are Included under "Other."
Includes savings stamps, excess profits tax refund bonds, currency
Items, and noteB Issued to the International Bank (see footnote *)
For current month detail, see "Statutory Debt Limitation," Table 2.
I
Table 2.- Intere6t-Bearing Public Debt
(In millions of dollars)
End of
fiscal
year or
month
19*7
Total
interestbearing
public
debt
1950
1951
255,113
250,063
250,762
255,209
252,852
1952
1953
195*
256,863
263 ,91*6
268,910
191*8
191*9
Public Issues
Marketable
Total
public
Honmarketable
Treasury bonds
Certificates
Issues
227,71*7
168,702
219,852
217,986
222,853
218,198
160,31*6
155,310
137,917
219,12'*
11*0,1*07
223 ,1*08
226,681
11*7,335
155,11*7
150,35*
Other
bonds
2/
s.
Bank restricted
1/
69,686
62,826
60,789
53,159
166
59,01*5
U9,636
51,367
161.
1*9,636
1*9,636
162
160
156
59,506
62,839
67,5**
80,281
56,260
57,536
:7,572
78,717
76,073
76,326
57,685
57,886
58,061
15,775
13,757
11,536
13,533
25,296
22,588
13,611*
9,509
35,806
1*2,772
36,06l
17,219
19,707
19,515
28,1*23
15,85l»
18,963
1*8,200
11*2
30,1*25
18,1*05
31,960
63,980
71,706
27,1*60
17,21*5
8,672
96
29,1*27
18, 1*18
U.
Bank
eligible
8,11*2
11,375
3,596
20,1.01.
1*9,636
121*
Debt peak:
savings
bonds
53,271*
Tressury
savings
notes
5,560
*,39*
I*, 860
Armed
forces
leave
bonds
8,1*72
1,793
563
396
297
7,818
1*7
Treasury
bonds,
investment
series
959
951*
I**,
95*
526
Special
issues
i/
325
316
369
285
319
27,366
30, 211
32,776
32,356
3<*, 653
6,612
li*,CXt6
373
37,739
'•,''53
13,288
12,775
1*1*7
• 11
1*0,538
1*2,229
5,079
Feb. 191*6
277,912
257,016
199,810
17.032
1.1,1*13
19,551
68,207
53,1*27
180
57,206
1.8,692
8,01*3
1*71
20,897
1953 -Dec...
272,881
231,69*
15*, 631
19,511
26,386
31,1*06
63,820
13,1*00
107
77,053
57,710
6,026
12,902
*16
1*1,197
19,512
19,508
19,510
18,1*05
31,961.
85
85
85
58,005
58,078
58,088
1*2,152
"*,929
12,771
12,767
1.17
18, 181*
8,671
8,671
8,671
l*,993
31,967
32,001
71,706
75,511
75,512
76,186
18,277
1*19
1*2,1*79
*,829
12,731*
*19
1*2,1*07
19,509
19,507
19,506
18,181.
18,181*
28,1.58
36,188
36,196
28,033
75,512
75,512
8,669
8,668
5,706
85
85
85
76,011*
1..766
12,701
12,693
12,681
1*22
1*2,238
1*25
1*33
1*2,351
1*2,566
19,507
19,505
19,505
28,1*62
28,037
35,280
81,758
8l,W*l
1*2,01*7
81,061*
12,677
12,651
12,623
1*2,268
3"*,989
75,593
75,765
75,753
1*1*7
17,722
71
71
71
1*52
21,1*55
1*1*6
1*2,097
195*-July..
Aug...
Sept..
Oct....
Nov...,
Dec
1955 -Jan...,
Feb...
Mar...
268,681
272,693
226,528
230,211.
150,31*2
15l*,020
272,1*1*0
230,033
153,963
276,1*00
231", 161
158,11*8
276,511
275,731
23"»,
160
233,165
158,152
157,832
275,696
275,565
271,200
233,1*27
157,831.
233,517
229,103
157,752
153,350
76,01*1*
Source:
Dally Treasury Statement.
1/ Issues which commercial banks (banks accepting demand deposits) vere not
permitted to acquire prior to specified dates, except that: (1) concurrently with the Itth, 5th, and 6th War Loans and the Victory Loan,
they were permitted to subscribe for limited Investment of their
savings
1/
76,191*
76,070
76,008
75,333
58,126
58,186
57,672
*,70*
57,967
I.,
8SS
*,3l8
l*,5l*8
1*98
I*, 1*1.3
deposits; (2) they might temporarily acquire such Issues through
forfeiture of collateral; (3) they might holn a limited amount
of
such Issues for trading purposes.
Consists of postal savings and Panama Canal bonds.
Consists of depositary bonde.
.
.
.
May
.
.
.
'
1955
13
DEBT OUTSTANDING AND TREASURER'S ACCOUNT
Table 3.- Special Issues to United States
Government Investment Accounts
(In millions of dollars)
Federal
Deposit
Insurance
Corporation
Federal
home
loan
banks
27,366
30,211
32,776
32,356
3^,653
408
549
666
808
868
37
117
119
1953
1954
37,739
10,538
42,229
888
846
892
1953 -December..
'•1,197
813
1954-July
August. ..
September.
42,152
42,479
42,407
892
89S
893
42,238
42,351
42,566
896
882
860
42,268
4a, 047
42,097
916
876
846
End of fiscal
year or month
1947
1948
191*9
1950
1951
1952
October..
November.
December.
1955-January..
February..
March
Total
77
50
50
232
Federal
Old -Age
and
Survivors
Insuranoe
Trust Fund
Federal
Savings
and Loan
Insurance
Corporation
7,104
7,709
9,003
10,418
12,096
62
74
95
79
86
Government
employees
retirement
Government
Life
Insurance
funds
Fund
Postal
Savings
System
1/
1,254
1,286
1,318
1,292
1,300
2,460
2,823
3,270
3,817
4,391
Rational
Service
Life
Insurance
Fund
6,474
6,935
7,288
5,342
5,436
1,626
1,912
1,952
1,802
706
806
1,374
1,720
2,058
2,414
7,142
7,500
7,340
6,616
7,266
Railroad
Retirement
Account
Unemployment
Trust
Fund
Other
2/
30
11
7
6
13
14,047
15,532
17,054
61
84
5,014
5,602
5,854
1,300
1,299
1,234
5,191
5,249
5,272
552
452
213
2,863
3,128
3,345
7,745
8,287
8,024
53
16,006
60
5,645
1,219
5,219
358
3,236
248
247
246
8,580
8
17,124
17,274
17,357
1,229
1,226
1,223
5,272
5,262
5,252
220
213
206
3,300
3,338
3,342
242
262
263
7,874
7,979
7,824
24
85
5,887
5,888
5,886
17,333
17,333
17,577
86
88
91
5,917
5,918
5,918
1,220
1,218
1,216
5,252
5,249
5,242
186
164
164
266
261
263
3,310
3,364
3,370
17,464
17,316
17,496
*93
94
94
7,704
7,766
7,775
92
108
91
5,915
5,915
5,915
1,212
1,208
1,205
5,244
5,234
5,224
138
111
173
3,334
3,370
3,384
7,595
7,569
7,400
92
94
79
82
83
Source: Dally Treasury Statement.
1/ Includes Canal Zone Postal Savings System.
2/ Consists of Adjusted Servloe Certificate Fund, various housing Insurance
9
32
24
77
92
99
funds. Farm Tenant Mortgage Insurance Fund, and
Veterans' Special
Term Insurance Fund.
Table 4.- Computed Interest Charge and Computed
Interest Rate on Federal Be curltles
(Dollar amounts In millions)
Snd of
fiscal year
or month
Total Interest-bearing securities
Amount
outstanding
Public debt
and guaranteed securities 1/
Public
debt
1947.
1948.
1949.
1950.
1951.
255,197
250,132
250,785
255,226
252,879
255,113
250,063
250,762
255,209
252,852
1952.
1953.
1954.
256,907
263,997
268,990
256,863
263,946
268,910
1953 -Dec ember.
272,956
272,881
1954^Iuly
August. ..,
September,
268,699
272,719
272,467
268,681
272,693
272,440
October...
November.
December.
276,432
276,545
275,764
276,400
276, 511
275,731
275,718
275,590
271,232
275,696
275,565
271,200
1955->Tanuary..
February .
March
Source:
y
V
¥l
2.578
2.575
2.547
2.551
2.671
2.667
2.667
2.759
Dally Treasury Statement.
i^ 1 1 ! 8 f^teo* securities
Total includes "Other
held by the Treasury.
bands"; see Table 2
Included in debt outstanding at face
amount, but discount
!"
value Is used
2.689
2.633
2.628
-
Treasury Bulletin
lU
DEBT OUTSTANDING AND TREASURER'S ACCOUNT
Table 5.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies!/
(In millions of dollars)
Commodity
Credit
Corporation
Bad of
fiscal
year or
month
Defense
Production
Act of 1950
Export
Import
Bank of
Washington
2/
37
Federal
National
Mortgage
Association 4/
Housing
Foreign
Operations
Administration 5_/
158
516
971
91*
964
1,040
1,5*9
782
964
1,097
1,970
3,612
4, 180
395
416
773
1,088
1,227
1,3*7
2,038
2,446
2,233
1,150
1,1&9
1,203
12,953
3,9*8
501
1,502
2,396
1,196
Aug..
Sept.
13,102
15,027
15,166
*,290
6,266
6,3*1
798
8*0
901
1,330
1,332
1,35*
2,255
2,235
2,323
Oct.
Nov.
Dec.
15,*05
1*,*63
1*,633
6,460
5,381
5,532
9*3
986
991
1,35*
1,3*3
1,35*
1955-Jan.
Feb.
Mar.
1*,358
14,447
15,0l£
5,738
5,881
6,426
99*
999
1,002
1,305
1,30*
1,293
19*7
19*6
19*9
1950
1951
11,9*6
2,789
6,851
8,*23
9,097
510
440
1,669
3,193
2,555
1952
1953
195*
9,636
12,196
12,9*9
1953 -Dec.
195*-July.
and Borne
Finance
Administrator 6/
.
:
May
[955
STATUTORY DEBT LIMITATION
7S7
T2^T £??
7h
T
u der
B nd ACt
,°
'
It
authority of that act,
n
"
am8nded
"
"° UHt
<31 U - 3 - C -
9XC6pt that thle
inning
and the face amount of
*° Prln ° 1Pal
^
lntereSt by
3tates (except guaranteed obligations held b
y
n
exoeed in the
,T,rr
h U
he Unite
,
ZrZ:z;
t
on August
».
™ ^°* - «-
r
aggregate 5275 :i:::z::
5 billion outstanding at any one time,
•
-° unt
" afl ln
~<*
»y *6 billion beand ending on June 30 195
by Public Law 6S6, approved August 28.
f95 * (ft Stat
95
Obligations issued on a discount basis, and
subject to
redemption prior to maturity at the option
of
° f 0bllgat10 " 6 l8BUei
redemption values.
1 95 4,
—
/
-**
1
-— ;,z
Table 1.- Statue under Limitation, March
31, 1955
(In millions of dollars)
'
ww
lJi U -— C
"
'"
b)
»
M
increased temporarily by the act of August 28 1951.
J
'
281,000
Amount of securities outstanding subject to
such statutory debt limitation:
U. S. Government securities Issued under the
Second Liberty Bond Act, as amended
Guaranteed securities (excluding those held
by the Treasury)
2
_
Total amount of securities outstanding subject
to statutory debt limitation
273 ,571
Balance Issuable under limitation
7,429
Source:
Bureau of the Public Debt.
Table 2.- Application of Limitation to Public Debt
and Guaranteed Securities
Outstanding March 31, 1955
(In millions of dollars)
Subject to
statutory debt
limitation
Class of security
Not subject to
statutory debt
limitation
Total
outstanding
Public debt:
Interest-bearing securities:
Marketable
Treasury bills
Certificates of Indebtedness !.!!!!!!! !
Treasury notes
ti
Treasury bondB
Postal savings and Panama Canal bonds!
19,505
17,722
34,989
71
19,505
17,722
34,989
81, 064
71
71
153,350
81,061.
Total marketable.
153,280
Nonmarketable:
U. S. savings bonds (current redemption
value).
Treasury savings notes
Depositary bonds
Treasury bonds, Investment series.
58,366
58,366
>>,318
<»,318
446
12,623
446
12,623
Total nonmarketable
75,753
Special Issues to Government agencies and
trust funds.
75,753
4a, 097
42,097
Total interest-bearing securities
271,130
Matured securities on whloh Interest has ceased....
71
787
Debt bearing no Interest:
United States savings stamps
Excess profits tax refund bonds
...!!!*!*!""
Special notes of the United States:
International Monetary Fund Series
United States notes (less gold reserve)!!!
Bl 8
rettremBnt ° f national bank and 'Federal Reserve
'Bank'notes!
Other l vf°v
debt bearing no Interest
271,200
792
49
49
1
1
1,572
191
237
oT
6
Total debt bearing no Interest
1,572
191
237
6
1,622
433
2,055
273,539
509
274,048
Total public debt
Guaranteed securities:
1/
Interest-bearing.
Matured
32
1
32
1
Total guaranteed securities
33
33
Total public debt and guaranteed securities.
273,571
Source:
Bureau of the Public Debt.
1/
'
509
Excludes guaranteed securities held by the Treasury.
274,080
)
Treasury Bulletin
16
.DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding March 31, 1955 i/
(In millions of dollars
May
1955
17
.DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest -Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding March 31, 1955 i/ - (Continued)
(In millions of dollars)
Amount of maturities
Amount of maturities
Call able Issues
Description of security 2/
2-1/4* Bond
2-1/2* Bond
6/15/59-62
6/15/62-67
2-1/4* Bond
Filed
maturity
Issues
classified by
year oft
Final
maturity
First
call
12/15/59-62
5,277
2,116
3, 465
Total
2 -3
A*
2,116
Bond
-
6/15/58-63
2-1/2* Bond
8/15/63
2-1/2* Bond
12/15/63-68
Total
6,T55
2-1/2* Bond
6/15/64-69
2-1/2* Bond
12/15/6^-69
Total
2-1/2* Bond
2 -3
A*
3/15/65-70
Bond
12/15/60-65
2-1/2* Bond
3/15/66-71
2-1/2* Bond
2-1/2* Bond
6/15/62-67
6/15/67-72
2-1/2* Bond
9/15/67-72
2-1/2* Bond
12/15/67-72
Total
Total
6,755
8,742
Year
and
month
Description of security 2/
Filed
maturity
Issues
Callable Issues
classified by
year of:
First
call
Final
maturity
Treasury Bulletin
IS
DEBT OPERATIONS.
Table 2.- Offerings of Treasury Bills
(Dollar amounte In mllllone)
/
May
19
195?
DEBT OPERATIONS.
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Da to
subscription
books vere
opened
Period to
Date
of
Issue
Amount of
subscript Ions
tendered
-
Description of security
First call
Maturity
Cash 1/
Amount Issued
?or
Exchange
cash 1/
In exchange
for other
securities
Allotarent
ratio
(In millions of dollars)
2/2/53
y
1./13/53
2/15/53
2/15/53
r
I
*A/53
9/2/53
*/
10/28/53
11/18/53
2/1/5*
f
5/1/53
6/1/53
7/15/53
8/15/53
9/15/53
I
5/20/53
7/6/53
8/5/53
9A5/53
,
10/1/53
11/9/53
12/1/53
f
I 2/15/53
2/15/5*
(
I 2/15/5*
*/l/5*
5/17/5*
5A/5V
8/3/5*
9/23/5*
*/
I 5/17/5*
8/2/5*
8/15/5*
8/15/5*
I
10A/5*
10/1/5*
8/15/5*
12/15/5*
'
11/22/5*
.12/15/5*
2/1/55
3/22/55
*/
5/3/55
Certificate
Bond
Rote
Bond
Certificate
Certificate
Certificate
Certificate
Note
Note
Bond
Note
Bond
1-5/8*
2-1/2*
1-1/2*
1-7/8*
Note
Note
2/l5/5*-A
12/15/58 2/
*/l/58-EA
6/15/78-83
6/l/5*-B
3/22/5*-C 8/
8/l5/5*-D
9/l5/5*-E
3/15/57-A
10/1/58-BO
9/15/61
12/l5/5*-B
12/15/58 2/
2/15/55-A
11/15/61
*/l/59-EA
2/15/59-A
Certificate
Bond
1
JT
yr
yr
30 yr
1 yr
5
5
10
m
li m
25 yr
2/15/55
2/15/55
2/15/55
*/l/55
*/l/55
5/17/55
1-1/8*
1*
1-1/8*
2-1/8*
1-5/8*
1-1/2*
1-1/8*
l-l/**
2-1/2*
Certificate
Certificate
Certificate
Bond
Note
Note
Certificate
Certificate
Bond
5/17/55-B
3/22/55-C 4/
8/15/55-D 3/
11/15/60
5/15/57-B
10/1/59 -E0
8/15/55-D 18/
12/15/55-E
8/15/63
3/15/56-A
8/15/57-C
2/15/95
1-5/8* Rote
Note
2*
3*
Bond
1-3/8* Certificate
1-1/2* Note
2*
1
yr
3
5
12,5*3
1 yr
7 yr
5 yr
* yr
10
m
9
m
9
7i "
9,250
1 yr
2
5
yr
yr
3
8,*72p
3,792p
l,923p
1 yr
99 5/
*,919pl8/
5.359P
6,755P
8,*72p
3,792p
1,923p
7,938
Source: Bureau of the Public Debt.
1/ Consists of all public cash subscriptions and subscriptions by
United States Government investment accounts.
2/ The 2-1/2* bonds dated February 15, 1953, were reopened vith all the
bonds of the series identical In all respects, as an exchange offering
for the 2-1/856 notes which matured December 1, 1953. Total exchanges
in the two offerings amounted to $2,368 million,
2/ Holders of the 1-7/8* certificates which matured February 15, 1953,
were offered a choice of exchanging the securities for either the oneyear certificates or the five-year, ten-month bonds.
hj Exchange offering available to owners of nonmarketable 2-3/U* Treasury
Bonds, Investment Series B-1975-80, dated April 1, 1951. For further
information relating to the original offering see "Treasury Bulletin"
for April 1951, page A-l.
5/ Amounts shown are as of April 30, 1955.
bj The bond offering was made available for exchange of Series F and G
savings bonds maturing from May 1 through December 31, 1953.
2/ Total allotments on cash subscriptions were limited to approximately
$1,000 million. Nonbank subscriptions in amounts up to and Including
$5,000 were allotted in full. All other subscriptions were allotted
20 percent. Commercial banks 1 subscriptions were restricted to an
amount not exceeding 5 percent of their time deposits as of December 31,
1952. The Treasury also reserved the right to allot limited amounts of
these bonds to Government investment accounts, which subscribed to a
total amount of $118 million.
8/ Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of income and profits taxes
due March 15, 195 *.
2/ Subscriptions for amounts up to and Including $100,000 were allotted in
full.
Subscriptions for amounts over $100,000 were allotted 67 percent
but in no case less than $100,000.
10/ Holders of the 2* bonds which matured September 15, 1953, were offered
a choice of exchanging the securities for either the one-year certificatee or the three-and-one-half-year notes.
11/ Subscriptions for amounts up to and including $10,000 were allotted in
full. Subscriptions from mutual savings banks, insurance companies,
pension and retirement funds, and State and local governments were
allotted 2U percent. All others, including commercial banks, were
allotted l6 percent but not less than $10,000 on any one subscription.
12/ Holders of the 2-1/8* not;s maturing December 1, 1953, vere offered a
choice of exchanging the securities for either the twelve and one-half
month notes or the five-year, ten-month bonds.
13/ Holders of the 2-lA* certificates which matured February 15, 195 *, and
the l-3/8£ notes maturing March 15, 195 *, were offered a choice of
exchanging the securities on February 15, 195 *, for either the one-year
certificates or the Beven-year, nine-month bonds. In addition,
holders of the 2* bonde maturing June 15, 1954, and two issues of
2-1/4* bonds called for redemption on June 15, 1954, were given an
3,558 18/
3,806
*,919pj8/
5.359P
6,755p
5 yr
3,210p
157
15/
3,989
!i*/
iS/
JȤ/
il/
i^/
12/
20/
21/
22/
2^/
.
—
1
P
,
100
j
3,17*p
2,532p
100 10/
100
-,
^
100 12/
100 1^/
100
100
iy
u/
*,155
"5/j
1 yr
2 yr
*0 yr
2/
100
It/
2,897
3,886
3,73*
8,190
8 yr
1
119 5/
3,558 18/
3,806
m
7i m
lyr
lyr
1
7,007
11,177
2,897
3,886
1 yr
6 yr
8,175
1,7*8 2/
2,205
9,750
37
100
2,239
7,007
11,177
119 5/
m
] 100
2/
2,788
*,72*
2,997
121 57
8,175
1,7*8 2/
1
8,11*
620 2/
383 5/
*18 6/
*,858
5,902
121 57
7yr
yr
5 yr
1,188
2,788
*,72*
2,997
yr
yr
8/15/56-B
1
5,250
lyr
6/22/55 237
*/l/60-EA
Note
li
8,11*
620 2/
383 5/
*18 6/
*,858
8,687
n
5/5/5*
7/21/5*
2-1/**
2-1/2*
1-1/2*
3-1/**
2-5/8*
2-1/2*
2-5/8*
2-5/8*
2-7/8*
1-1/2*
2-3/**
1-7/8*
2-1/2*
3,17*p
100 12/
20/
100
100 2i/
100 22/
11/
100
2_V
opportunity to exchange their holdings on February 15, 195 u , for the
2-1/2* bonde.
Subscriptions for amounts up to and including $10,000 were allotted
in full.
All other subscriptions were allotted 22 percent but in no
case less than $10,000.
Holders of the 2-5/8* certificates maturing June 1, 1954, were offered
a choice of exchanging the securities on May 17, 1954, for cither the
one-year certificates or the four-year, nine-month notes.
Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of income and profits taxes
due March 15, 1955.
Subscriptions for amounts up to and including $50,000 were allotted in
full. Subscriptions for amounts over $50,000 were allotted 40 percent
but in no case lees than $50,000.
The 1-1/8* certificates dated August 15, 1954, were reopened with all
the certificates of the series identical in all respects, as an exchange offering for the 1-7/8* notes which matured December 15, 1954,
the 2* bonds which matured December 15, 195**, and the 2* bonds which
were called for redemption on December 15, 195**. Total exchanges in
the two offerings amounted to $8,477 million.
Holders of the 2-5/8* certificates, maturing August 15, 1954, and the
2-5/8* certificates, maturing September 15, 1954, were offered a
choice of exchanging the securities on August 15 for either the oneyear certificates or the six-year, three-month bonde.
Subscriptions for amounts up to and including $50,000 were allotted in
full. Subscriptions for amounts over $50,000 were allotted 50 percent
but in no case Isbs than $50,000.
Holders of the 1-7/8* notes maturing December 15, 1954, the 2* bonds
maturing December 15, 1954, and the 2* bonds called for redemption on
December 15, 1954, were offered a choice of exchanging the securities
for either the 1-1/8* certificates, the 1-1/4* certificates, or the
2-1/2* eight-year bonde.
Holders of the 2-7/8* Treasury bonds of 1955*60, called for redemption
on March 15, 1955, were offered a choice of exchanging the securities
on February 15 for either the forty-year bonds or the one-year, onemonth notes. At the same time holdera of the 1-5/8* certificates
maturing February 15, 1955, and. the 1-1/2* notes maturing March 15,
1955, were offered a choice of exchanging the securities on February 15
for either the one-year, one-month notes or the two-year, six-month
notes.
Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of income and profits taxes
due June 15, 1955Cash subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 62 percent but in no
case lees than $100,000.
Preliminary.
20
Treasury Bulletii
.DKBT OPERATIONS.
Table 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
CeJJLed or maturing security 1/
Data of
refund ing
or retirement
Description
Issue
date
Disposition offers
by Treasury
Amount
outstanding
Cash
retirement
Exchange
security
offered
Eeeulte of exchange offero
.
.
:
.
May 1955
21
.UNITED STATES SAVINGS BONDS.
United States savings bonds were first offered In
March 1935 and began to mature In March 19^5. Series A-D
were sold between March 1935 and the end of April 1941,
and Series E, F, and G were first offered In May V)^>\.
When Series E began to mature on May 1, 1951, owners of
the matured bonds were offered three options:
To redeem
the bonds In cash In accordance with the original terms;
to retain them with an extended maturity of 10 years at
specified rates of Interest accrual; or to exohange them
A number of changes became effective
May 1, 1952.
The principal ones were:
The rate of
for Series G bonds.
Interest accrual on Series E was increased, especially for
the near term, with corresponding changes In extended
Series E; and Series F and
were replaced by two new
Issues, Series J and K, also at higher Interest
rates.
A new current-Income bond, Series H, similar In Interest
return to Series
E,
was offered beginning June 1.
details of these changes see "Treasury Bulletin" for
May 1952, page A-l. Series F and 8 began to mature
on
May 1, 1953.
For the exchange offering made to holders
of these bonds maturing through December
31, 1953, see
the May 1953 Issue, page A-l.
The Treasury Invited
holders of Series F and G which began to mature In January
195 1 to reinvest the proceeds In other series of savings
bonds. In the tables which follow, Series A-F and
J sales
are lnoluded at Issue price and total redemptions and
amounts outstanding at current redemption values.
Series
*-
G,
and K are Included at face value throughout.
Matured
bonds whloh have been redeemed are Included In redemptions.
Matured F and G bonds outstanding are Included In the
H,
Interest-bearing debt until all bonds of the annual series
have matured, when they are transferred to matured
debt
upon which Interest has ceased.
For
Table 1.- SaleB and Redemptions by Series, Cumulative through March 31, 1955
(Dollar amounts In millions)
Accrued
discount
Series A-D 1/
Series E and H
Series F, G. J, and K.
Total
A*
Source:
l,05ll
3,9^9
77,906
30,8711
112,730
Sales plus
accrued
discount
8,903
812
5,003
86,811
31,686
10,769
123,500
2/
Amount outstanding
Redemptions
In teres tbearlng debt
Matured debt
4,941
47,898 2/
11,960
38,914
19,452
273
64,799
58,366
335
Dally Treasury Statement; Bureau of tie Public Debt.
62
Footnotes at end of Table 4.
Table 2.- Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
Sales
Accrued
discount
Sales plus
accrued
discount
69,603
6,235
7,141
5,673
5,143
3,925
4,562
5,494
2,250
804
927
1,045
1,149
1,207
1,229
1,234
71,852
7,039
8,068
6,718
6,292
5,132
5,791
6,727
72,475
7,295
5,833
6,074
3,961
4,161
4,800
6,173
2,633
872
981
1,104
1,181
1,220
1,237
1,236
75,108
8,167
6,815
7,178
5,142
5,381
6,037
7,409
508
546
464
125
86
88
633
632
551
.
1*56
November .
December.
466
86
101
135
128
542
567
692
Period
Fiscal years:
1935-1947..
1948
1949
1950
1951
1952
1953
1954 57 ...
Calendar years
1935-1947.
1948
1949
1950
1951
1952
1953
1954
IMonthe:
1954^Iuly V...
August. ...
September.
October.
1955 -January...
February
March
.
557
742
602
614
90
87
870
692
701
20,446
Redemptions of interestbearing series as
percent of sales plus
accrued discount
55.17
26 .94
)
Treasury Bulletin
Zd
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(in Billions of dollars
Period
Accrued
discount
Sales plus
accrued
discount
Amount outstanding
Redemptions 3/
Series E and B combined
Sales
price kj
Accrued
discount
I ntere e t -be arl ng
debt
Matured debt
. .
. .
.
:
.
May 1955
23
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(Continued)
(In millions of dollars)
Accrued
discount
Period
Sales plus
accrued
discount
Redemptions 2/ }/
Total
Sales
price 4/
Accrued
discount
Amount outstanding (Interestbearing debt)
Series E
Fiscal years:
191(1-1947
46,400
4,026
4,278
3,993
3,272
3,266
3,700
3,988
1,388
633
753
895
1,035
1,111
1,120
1,126
47,788
4,659
5,032
4,887
4,307
4,377
4,821
5,114
16,997
3,825
3,530
3,521
4,295
"t,023
1,687
696
818
971
1,080
1,120
1,128
1,126
1954-Julj
August.
September
306
338
303
October.
November
December.
301
1955 -January..
February.
March ....
1948
19<t9
1950
1951
1952
1953
195 *
1
4,008
4,032
4,319
16,799
3,689
3,368
3,326
3,987
3,583
3,532
3,765
198
136
162
195
307
425
500
55^
30,791
31,625
33,127
34,494
34,506
34,875
35,664
36,458
49,918
4,920
5,025
',639
4,270
4,513
5,034
5,149
18,921
3,728
3,448
3,912
4,036
4,098
4,141
4,406
18,661
3,575
3,274
3,667
3,688
3,622
3,609
3,871
260
15*
174
245
348
476
531
535
30,997
32,188
33,766
34,493
34,727
35,143
36,036
36,778
110
80
80
416
418
384
385
343 6/
te§y
37"*
336
318
38
31
36,489
36,533
36,568
313
356
78
95
123
379
408
479
321
336
399
289
269
33
46
56
36,626
36,698
36,778
418
113
357
394
84
81
531
441
474
399
339
400
332
251
328
68
88
36,909
37,011
37,086
6
26
6
26
Calendar years:
1941-1947
48,230
4,224
4,208
3,668
3,190
3,393
3,906
191*8
19"*9
1950
1951
1952
1953
1954
Months:
.
349
343
72
Series H jj
Fiscal years:
1952
1953
195*
30
360
665
30
360
665
152
462
866
182
462
866
Calendar years:
1952
1953
195*
«
16
38
Months
1954-July
August .
September
87
77
87
3
63
77
63
3
October.
November
December.
68
68
4
70
70
89
4
1955-January..
February
March ....
155
108
.
.
Source:
125
Dally Treasury Statement; Bureau of the Public Debt.
155
108
125
4
4
4
4
6
30
385
1,024
:
.
.
.
.
2h
Treasury Bulletin
.UNITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Matured bonds
Period 8/
Total
matured
Series
A-D
Total
Vnmetured bonds
Tor
cash
In exchange
for Series G
and K
Series
F and G
Total
unmatured
Sales
priced/
Accrued
discount
Fiscal years:
6,137
5,109
5,621
6,515
817
792
1,761
2,747
779
90
31
18
1,128
1,487
5.8UO
5,651
6,1U9
6,985
987
772
1,015
2,318
3,171
987
522
47
24
14
250
968
1,328
1,500
1954-July 6/..
August..
September
693
562
210
317
120
111
120
5l.lt
183
87
87
October.
November
December.
507
510
633
189
270
310
91
130
153
91
130
772
5*3
385
656
US7
195
257
211
1951
1952
1953
1954
38
702
37
69A
1,126
1,486
602 2/
1,241 2/
5,320
4,317
3,860
3,768
4,996
4,046
3,622
3,577
324
271
238
191
967 2/
1,657
4,853
4,879
4,059
3,831
3,814
4,583
4,571
3,806
3,613
3,655
270
308
253
217
159
483
Calendar years
1950
1951
1952
1953
1954
5,07>>
,
21(5
962
1,326
1,499
Months:
1955 -January
February
.
March
605
Souroe: Dally Treasury Statement.
1/ Details by series on a cumulative basis and by periods for Series A-D
combined will be found In the February 1952 and previous issues of the
"Treasury Bulletin."
Includes exchanges of matured Series E bonds for Series G bonds beginning May 1951 and for Series E bonds beginning May 1952.
Includes both matured and unmatured bonds; see Table 4.
Includes total value of redemptions not yet classified between matured
and unmatured bonds
Adjustments have been made in issues and redemptions of Series E, H,
57
F, 0, J, and K In July 1954 to compensate for the erroneous inclusion
of reissue transactions In June 1954 ae reported In the Dally Treasury
Statement. The amounts Involved are as follows
$18,184,157.50 for
Issues of Serlee E and E and $16,669,880.50 for Issues of Series F, G,
J, and K; and $34,854,046.00 for unclassified retirements.
A change In procedure, beginning In June 1954, for processing redeemed
§_/
:
89
205
95
245
361
471
235
352
11
10
9
153
97
139
156
318
240
322
308
226
306
9
14
16
195
256
211
188
397
215
387
368
19
-112
-134
161
22
111
178
17
saTinge bonds has resulted In a high level of redemptions not jet
classified betveen matured and unmatured bonds. This Increase temporarily obscures the relationship betveen the redemption columns
shoving sales price and accrued discount In Tables 2 through k and
also the relationship betveen the matured and unmatured sections of
Table U. (See also footaote k.)
The subsequent distribution of
this high level of unclassified redemptions may be large enough In
any month to shov redemptions of matured bonds for a serlee In
Table k which are greater than the total redemptions of that series
as Bhovn in Table 3, and to shov a negative in the unmatured section
of TeMe k.
Sales began June 1, 1952.
Comparable data are not available prior to January 1950.
Includes exchanges of Series 19^1 F and G savings bonds for Treasury
3-1 A* bonds of 1978-83.
Less than $500,000.
.
..
.
:
May
1955
25
.UNTIED STATES SAVINGS BONDS.
Table 5.- Sales and Redemptions by Denominations, Series E and H Combined
i/
(In thousands of pieces)
Total, all
denominations
Fiscal years
19*l-*7
19*8
19*9
1950
1951
$10 2/
$25
$50
$100
781,680
163 ,251*
123,261*
36,11*6
39,1*00
9,901
7,777
8,550
$200 1/
$500
$1,000
$5,000 */
$10,000 U/2/
:
1,119,078
58,971
6U.576
6*, 30*
19,823
522
39*
335
,299
1
11,1*25
11,81*1
39,150
*1,751
8,651*
2,111
816
916
917
786
11,786
7,61*9
7* ,136
50,701
13,129
80,1*85
5l*,380
35,l*W
56,903
l!*,372
v ,6«
7,559
8,211
8,810
851*
799,913
37,659
39,572
39,050
168,088
126,971*
2,1*90
10,61*0
8,21*6
11.826
11,660
8,688
8,253
61*
1952
1953
195* 6/
Calendar years:
19*l-*7
19*8
1,11*8,191*
20,128
61,813
65,118
62,929
68,069
1*35
720
79*
15,1*63
13, *8*
1,571
1,569
1,036
2,238
2,322
1,995
1,290
1,1*13
9*8
1,076
1
1,2*3
1,*11
1,1*62
16
33
7
1*
16,185
1,603
1,51*
1,257
951
1*,*16
2,352
2,213
1,703
1,139
22
**
9
19
1,708
1*5,661
12,11*8
7,1*30
52,808
390
56,71*3
81*, 972
1952
1953
195*
879
933
865
738
77,271
19*9
1950
1951
55,850
13,773
15,235
15,912
7,721
8,606
9,006
726
8*3
862
1,0*2
1,3*2
1,*70
1,191
1,590
1,809
686
759
709
67
7,116
119
126
110
1*6
153
?
128
1
713
7*6
837
859
65
69
80
125
1
130
158
2*5
19*
201
81*,
371
11*1
3
Months
195*-July 6/...
August ....
September
6,1*87
1*,260
i*,665
1,203
1,333
6,561*
••,297
1,21*8
October. .
November
December.
1955-Janunry.
February p
March p. .
6,690
6,958
*,399
1,275
1,359
.
.
.
Inception to date p
1,263
1,526
71*8
87
73
5,135
885
81*
109
11*
13*
177
1*2
157
1,11*1,392
263,513
l87,*17
8,578
25,8*0
7,61*0
265
2*6
28*
33*
*66
3,308
1,115
1,077
1,069
1,351
1,211
1,112
1,151
2,557
1,00*
1,035
1,088
1,1*69
1*,819
i*,l82
6,611
7,997
21,076
2
27,053
!*,535
i*,989
7,671*
1,675,003
7*
67
1,1*1*2
1
2
*
3
3
93
*2
Redemptions J/
Fiscal years:
19*l-*7.
19*8
19*9....
1950....
1951....
1952
1953
195* 6/
558, *70
11,67*
2,052
1,369
1,017
701
*32,866
65,331
5*, 809
52,101
5*, 8*0
**3
313
263
51,6*9
56,73*
62,9*1
71,680
1*,302
12,623
12,3*6
1*,13*
12,662
13,535
15,08*
36,119
9,387
8,*50
8,155
9,911
8,777
8,8*0
9,1*80
371
3*2
357
607,597
85,888
76,933
79,176
77,202
12,8*9
1,595
1,217
835
5*9
*67,5*0
59,265
52,996
53,087
51,552
79,095
13,*70
12,28*
13,257
13,000
*0,86*
9,086
8,065
9,081
9,079
378
273
302
*0*
*20
,8*6
,13*
,0*6
,220
,2**
3,02*
1,065
1,025
1,292
1,359
80,*20
85,582
92,603
375
282
273
13,285
1*,191
15,700
8,991
9,038
9,8*2
356
3*7
377
,191
,115
6*. 082
1,220
1,089
1,138
195*- July 6/'...
August. .
September.
8,120
7,768
7,653
22
21
23
5,596
5,289
5,28*
1,371
1,3*6
1,316
33
32
32
100
103
92
October. .
November p
December p
7,105
7,159
8,287
2*
2*
30
*,923
*,968
5,710
1,222
1,235
1,*27
7*1
738
882
30
30
36
108
107
97
86
85
10*
1955-January p.
February p
March p. .
7,869
5,523
7,576
29
1,351
961
1,331
85*
650
832
25
33
5,*01
3,695
5,137
32
2*
36
103
83
102
99
85
10*
1,206,370
18, 061
877,275
177,925
106,382
2,951
12,271
11,500
93,*38
79,6*6
76,109
82,875
76,*03
81,983
90,387
1,*72
1,291
1,106
1,109
Calendar years:
19*l-*7
19*8
19*9
1950
1951
1952
1953
195*P
.
Inception to date p
55,000
59,519
:
These figures are estimates, based on Dally Treasury Statement and
reports from Federal Reserve Banks and Bureau of the Public Debt.
Sales of Series H bonds began June 1, 1952.
Sale was authorized in June 19**, to Armed Forces only, and discontinued
after March 31, 1950.
SaleB began In October 19*5.
Sales of $10,000 denomination Series E bonds were authorized on May 1,
1952, and $5,000 and $10,000 Series H bonds on June 1, 1952.
Beginning In April 195*, includes sales and redemptions of $100,000
Note:
1/
2/
l]
y
5_/
6/
jj
*
p
r
:
80
79
98
?
denomination Series E bonds which are purchaeeable only by trustees
of employees 1 savings plans.
See footnote 5 to Tables 2 and 3.
Includes exchangee of matured Series E bonds for Series G bonds beginning May 1951 and for Series K bonds beginning May 1952.
Less than 500 pieces.
Preliminary.
Revised.
.
Treasury Bulletii
26
.
TREASURY 8AVTJGS NOTES
Treasury tax and savings notes have been Issued as
follows:
Tax Series A from August 1, 19^1, through
June 22, 19^3; Tax Series B from August 1, I9U1, through
3eptember 12, 1942; Savings Series C (originally designated
Tax Series C) from September lk, 19^2, through August 31,
1948; Savings Series D from September 1, I9W, through
May lk, 1951 Savings Series A from May 15, 1951, through
;
May Ik, 1953; Savings Series B from May 15, 1953, through
September 25, 1953. ana a new Savings Series C from
Similar Information with respect to the offering of the
earlier series was published currently In the "Treasury
and appears also In the "Annual Report of the
Secretary of the Treasury" for appropriate years.
Bulletin,"
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
has ceased.
1, through Ootober 23, 1953. when sale of these
notes was suspended.
Details concerning terms and
October
C
appear In the
October 1953 Issue of the "Treasury Bulletin,"
page A-l.
Table 1.- Sales and Redemptions by Series, Cumulative through March 31, 1955
(In Billions of dollars)
,
May
27
1955
.OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
Interest-bearing securities guaranteed by the U. S. Government 4/
Interest-bearing securities Issued
by the U. S. Government
End of
fiscal
year
or month
1947
Total
Federal
securities outstanding
1/
Held by U. S. Government
Investment accounts 2/
Total
outstanding
Public
Issues
1950
1951
258,376
252,366
252,798
257,377
255,251
255,113
250,063
250,762
255,209
252,852
32,809
35,761
38,288
37,830
1952
1953
195 *
259,151
266,123
271,341
256,863
44,335
263,91*6
1*7,560
268,910
1*9,31*0
6,596
7,021
7,111
1953 -Dec..
275,21*1*
272,881
i*8,313
7,116
1951* -July,
271,005
Aug.,
Sept,
27l*,982
268,681
276,693
1*9,233
1*9,511
2711,838
272,1*1*0
1*9,1*1*8
Oct.,
Nov.,
278,786
278,888
276,1*00
Dec,
278,781*
1&55-Jan.
Feb.,
Mar.
278,1*63
275,696
278,209
275,565
271,200
191*8
191*9
1
2711,080
276,511
275,731
1*0,958
,1*1*3
,550
,512
,474
,305
Special
Issues
Held by
Federal
Reserve
Banks public
Issues
Held by private
Investors 3_/
Public
marketable
Issues
Public
nonmarketable
Issues
Held by private
Investors 3_/
Held by
U. S.
Total
outstanding
Government
Investment
accounts
and
Federal
Reserve
Banks 2/
5_/
Public
marketable
Issues
Public
nonmarketable
Issues 6/
Matured
debt
and
debt
bearing
no
83
4
8
1
6
5
3
9
7
8
T
3
28
Treasury Bulletin
.OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par values 1/
End of
month
-
In billions of dollars)
Held by banks
Total
Federal
securities
outstanding 2/
Held by private nonbank Investors
U. S.
Commer-
cial
Federal
Reserve
Banks
Individuals
Government
Investment
accounts 4/
Mutual
5./
Insurance
companies
Total
Savings
bonds
Corpora
tlons 6/
State and
local
governments 2/
1939-December
1*7.6
18. I*
15.9
6.5
22.7
10.1
1.9
8.2
6.3
3.1
1940-June
December
1*8.5
18.6
19.5
16.1
17.3
2.5
2.2
7.1
7.6
22.8
23.9
10.1
10.6
2.6
2.8
7.5
3.1
3.2
2.1
2.0
.4
7.8
6.5
6.9
1941-June
December
55.3
21.8
23.7
19.7
21.4
2.2
2.3
8.5
9.5
25.0
3.6
5.4
7.6
8.2
7.1
8.2
3.4
3.7
2.0
4.0
.6
31.0
11.2
13.6
77.0
112.5
28.7
26.0
1*1.1
2.6
6.2
10.6
12.2
37.7
53.0
17.8
23.7
9.1
13.4
B.7
10.3
9.2
11.3
3.9
4.5
4.9
10.1
IW.8
59.1*
14.3
I6.9
ei.7
30.9
37.6
24.7
11.7
12.9
13.1
71.5
7.2
11.5
19.2
170.1
52.2
59.9
67.O
D*cenber
-June
Dec^mt-r
202.'=
1945-June
December
191*2 -Jum.
December
-June
19''3
191**4
50.9
61*.
V
.4
12.9
.1
6.1
17.3
19.6
.5
.7
1.'
.4
2.1
7.3
8.3
20.0
21.4
3.2
4.3
1'
83.
68.1*
lit.
96.5
77.7
18.8
19.1
21.7
100.2
114.0
46.3
53.3
31.2
36.2
15.1
17.1
259.1
276.7
106.0
115.0
.2
90.8
21.8
24.3
24.9
27.0
128.2
136.6
59.5
64.3
40.7
42.9
21.4
22.7
24.0
9.6
10.7
22.9
22.0
6.5
1946-February (Peak)
June
December
279.8
269.9
259.5
116.7
108.2
97.9
93.8
28.0
135.1
132.6
130.7
64.1
63.4
64.2
4'.
43.5
44.2
20.8
20.0
20.1
24.4
71*.
22.9
23.8
23.3
24.9
24.9
11.1
11.5
11.3
19.9
17.7
15.3
6.3
1947-Jun"
December
258.
91.9
91.3
70.0
68.7
21.9
28.6
32.8
133.7
131.3
66.4
4S.S
20.9
24.6
12.1
34.I1
65.7
46.2
19.4
23.9
12.0
13.9
14.1
7.1
7.3
85.9
85.8
6U.
21.lt
129.
65.e
65.5
47.1
47.?
18.6
17.6
2'.
23.3
35.8
37.3
130.7
62.5
21.2
12.0
11.5
13.6
14.8
7.8
7.9
252.8
257.2
82.1*
63.O
66.8
19.3
18.9
38.3
39.4
132.2
132.1
66.8
66.3
48.8
85.7
18.0
17.0
20.5
20.1
11.6
11.4
15.6
16.8
8.0
8.1
1950-June
December
257.1*
83.9
82.6
65.6
61.8
18.3
37.8
39.2
135.6
134.9
67.4
66.3
49.9
20.8
17.6
16.7
19.8
18.7
11.6
10.9
18.4
19.7
8.7
8.8
1951 -June
December
255.3
259.5
23.0
23.8
41.0
42.3
132.9
131.8
65.5
64.6
49.1
49.1
16.4
15.5
17.1
16.5
10.2
9.8
20.0
20.7
9.4
9.6
64.5
64.6
49.0
49.2
15.4
15.5
15.7
16.1
9.6
9.5
19.1
20.4
10.4
11.1
65.8
65.5
65.2
65.2
49.3
49.3
49.3
16.0
16.0
16.0
15.9
18.9
12.0
"i9.3
16.6
16.2
15.9
15.9
9.5
9.5
20.2
20.9
20.6
12.5
12.7
1948-June
December
19'*9-June
D'-ceraber
1952 -June
257.0
252. '*
252.9
256.7
81*
81*. 1*
81.1*
58.1*
85.1.
61.6
29.1
30.9
49.3
4
.'
18.
5.3
6.7
259.2
81*.
61.1
88.1
63.1*
22.9
24.7
44.3
45.9
130.8
267.1*
266.1
272.7
273.3
273.0
83.6
July
August
September
87.8
87.8
58.8
63.5
62.7
62.6
24.7
25.0
25.1
25.2
47.6
47.6
48.0
48.0
135.0
136.7
137.5
October
November
December
273.5
275.3
275.2
88.1
89.0
89.6
62.8
63.9
63.7
25.3
25.1
25.9
48.0
48.2
48.3
137-4
138.2
137.3
65.O
65.0
6so
49.2
49.3
49.3
15.7
15.7
15.6
15.9
15.9
15.8
9.3
9.3
9.2
21.0
21.7
21.5
12.7
12.8
12.9
1954-January
February
March
27** .9
88.8
87.6
85.5
61*.
274.9
270.3
24.6
24.5
24.6
48.3
48.3
48.2
137.9
139.0
136.6
64.9
65.O
65.1
49.4
49.4
49.4
15.6
15.6
15.6
15.7
15.7
15.6
9.2
9.2
9.2
21.5
22.1
19.7
13.2
13.3
13.6
April
May
June
271.1
273.6
271.3
87.1
88.2
88.7
24.6
?4.8
25.0
48.2
48.5
49.3
135.8
136.8
133.3
64.7
65.O
64.5
49.5
49.5
49.6
15.2
15.5
14.1
15.6
15.5
15.3
9.2
9.2
9.1
19.1
19.5
16.8
13.8
14.1
14.3
July
August
September
271.0
275.0
89.1
91.1
61*.
24.3
91.1*
67.O
67.1
24.0
24.3
49.2
49.5
49.4
132.6
134.4
134.0
64.1
64.0
63.7
49.6
49.7
49.7
14.5
271*.
14.4
14.0
15.1
15.1
15.1
9.0
9.0
8.9
16.9
18.5
18.6
14.3
14.4
14.4
October
November
December
278.8
278.9
278.8
01*. I*
4
1*9.3
2*V 9
49.4
49.6
135.1
135.1
135.3
63.8
63.8
49.7
49.8
49.9
14.1
14.0
14.0
15.1
15.0
15.0
8.9
e.8
8.8
19.1
19.5
19.4
14.5
14.6
14.6
278.5
278.2
92.3
90.2
49.4
49.2
1?6.8
138.7
63.9
64.3
50.0
50.1
14.0
14.2
15.2
15.2
8.8
8.8
20.2
21.6
15.0
15.3
December
una
1955-Jonuary
February p
1/
2/
y
5/
88.1.
9k.lt
93.8
63.1
60.9
62.5
63.1*
63.6
81t,
69.5
68.9
24
68.lt
23
66.6
23.
133.4
137.8
United States savings bonds. Series A-F and J, are Included at current
redemption value.
Securities Issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treasury. For amounts subject to
statutory debt limitation, see page 1.
Consists of commercial banks, trust companies, and stock savings
banks In the United States and In Territories and Island possessions.
Figures exclude securities held In trust departments.
Holdings by Federal land banks are included under "Miscellaneous
investors" Instead of "U. S. Government Investment accounts" after
June 26, 19U7, vhen the proprietary interest of the United States In
these banks ended.
Includes partnerships and personal trust accounts. Nonprofit Institu-
6/
2/
6/
tions and corporate pension trust funds are Included under "Miscellaneous investors."
Exclusive of bsnke and insurance companies.
Consists of trust, sinking, and Investment funds of State and local
governments and their agencies, and Territories and island possessions.
Includes savings and loan associations, nonprofit institutions, corporate pension trust funds, dealers and brokers, and investments of
foreign balances and International accounts in this country. Beginning December 19 *6, Includes Investments by the International Bank for
Reconstruction and Development and the International Monetary Fund in
special nonlnterest-bearing notes issued by the V. S. Government.
Preliminary.
1
p
12.3
-
,
May
,,
,
Wy
29
.TREASURY SURVEY OF OWNERSHIP, FEHRUARY 28, 1955
The Treasury Survey of Ownership covers securities
Issued by the United States Government and by Federal
agencies.
The bank9 and Insurance companies Included In
the Survey account for approximately 95 percent of such
securities held by all banks and Insurance companies in
Distribution of ownership by types of banks and Insurance companies Is published each month. Holdings by commercial banks distributed according to Federal Reserve memberbank classes and nonmember banks are published for June 30
ana December 31. Holdings by corporate pension trust funds
are published quarterly and first appeared In the March I95I;
the United States.
Data were first published for
March 31, I9U1, in the May 191*1 "Treasury Bulletin".
Section
I
Bulletin for quarters beginning December 31, lyky.
Securities Issued or Guaranteed by the United States Government
Table I.- Summary of All Securities
(Par values
-
In millions of dollars)
Held by Investors oovered in Treasury Survey
Total
amount
Classification
6,871
commercial
banks 2/ 3/
525
mutual
savings
banks 2/
157,777
75,765
42,047
58,744
2,191
6,938
1,880
275,590
60,935
outs tend
U>« 1/
Insurance companies
596 fire,
casualty
and marine
313
life
U. S. Government
Investment
accounts and
Federal Beeerve
Banks
Held bj
all other
investors
y
Interest-bearing securities:
Public marketable
Public nonmarke table
Special laauee
5_/.
Total Interest-bearing eecurltlea
Matured debt and debt bearing no Interest 6/.
Total securities lesued or guaranteed by the
U, S. Government jj
5,725
3,393
4,638
845
27.21*3
3,56U
54,488
63,893
1*2,01*7
8,818
9,118
5,^3
72,851*
llfl,38l
2,619
278,209
footnotes at end of Section II.
Table 2.- Summary of Interest-Bearing Public Marketable Securities
(Par values
-
In millions of dollars)
Held by Investors covered In Treasury Survey
Total
amount
outstand-
Classification
ing
6,871
commercial
banks 2/ 3/
525
mutual
savings
banks 2/
Insurance companies
596 fire,
casualty
and marine
313
life
Government
Investment
accounts and
Federal Reserve
Banks
U. S.
Held by
all other
Investors
4/
Type of security:
lesued by U. S. Government:
Treasury bills
Certificates of Indebtedness
Treasury notes
Treasury bonds
Postal savings and Panama Canal bonds.
Guaranteed by U. S. Government
jj
19,505
35,280
8l,44l
71
25
3,807
2,988
15,287
36,640
11
11
95
39
274
6,526
157,777
58,744
6,938
5,725
48,570
51,5*6
38,038
16,099
8,792
26,658
20,756
2,073
147
1,1*5
3,659
1,657
3,498
455
25
675
124
141
701
3,671
13,858
8,316
8,902
23,354
4
1
54
4
4,638
27,243
54,488
679
*88
2,116
2,16*
380
1,912
1,665
582
14,159
8,647
1,759
2,477
24,414
12,696
8,083
7,146
327
27*
97
200
2,145
11
4
5
157,777
58,71*4
6,938
5,725
71
3,788
153,918
11
3,118
55,615
4
6,935
157,777
Total.
947
9,970
10,043
6,279
58,744
6,938
21>55
2
73
4,971
1
Call classes:
Due or first becoming callable:
Within 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
..
Over 20 years
Various (Federal Housing Administration
debentures)
,
Total.
181 status:
1
4
4,638
27,243
54,488
1
134
4,502
4
2
5,723
8
27,231
54
522
53,912
5,725
4,638
27,243
8/
,
Wholly exempt from Federal Income taxes
Partially exempt from Federal Income taxes.
8ubject to Federal Income taxes 9_/
Tottl.
'ootno'tee at end of
Section
n.
)
.
Treasury Bulletin
30
.TREASURY SURVEY OF OWNERSHIP, FEBRUARY 28, 1955
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(
Par Taluee
-
In allllona of dollars
May
Wj
31
.TREASURY SURVEY OF OWNERSHIP, FEBRUARY 28, 1955.
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Par values
Issue
(Tax status 8/ 1b shewn In parentheses)
-
In millions of dollars)
Treasury Bulletin
32
.TREASURY SURVEY OF OWNERSHIP, FEBRUARY 28, 1955.
Section
II
-
Interest-Bearing Securities Issued by Federal Agencies but
not Guaranteed by the United States Government
(Par values
-
in millions of dollars)
May
33
1955
MARKET QUOTATIONS ON TREASURY SECURITIES, MARCH 31, 1955
Current market quotations 6hovm 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 day of the month, as reported to
Government except Panama Canal bonds. Outstanding
Issues which are guaranteed by the United States
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
quoted In the market.
Table 1.- Treasury Bills (Taxable)
Amount
Treasury Bulletin
3"
MARKET QUOTATIONS ON TREASURY SECURITIES, MARCH 31, 1955
Table 4.- Taxable Treasury Bonds
(Price decimals are 32nde)
Amount
May 1955
MARKET QUOTATIONS ON TREASURY SECURITIES, MARCH 31, 1955
.
..
.
.
,
,
36
Treasury Bulletin
AVERSE YIELDS OF L0NG-TER4 BONDS.
,
Table 1«- Average Yields of Treasury Bonds and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)
Taxable
Treasury
Taxable
Treasury
bonde
Moody's Aaa
corporate
bonds
1/2/
3/
1/2/
bonds
Annual eerlee
19**2
2.1*6
19*3
V)kk
2.1*7
2.1*8
19**5
19*>6
2 37
2 19
191*7
2.25
19^9-Jan.
Feb.
Mar.
2.83
2-73
2.72
2.62
2-53
2.61
2.1»2
-
2.H
191*9.
Apr.
May.
Jul;
Aug.
2.21*
Sept
2.22
2.22
2.20
2.19
Oct.
Mot.
Sec.
1950 -Jan.
Feb.
Mar.
2.20
2.57
2.58
2.58
2.60
2.61
2.62
2.65
2.61
2.21*
2.27
2.30
2.31
2.33
Apr.
May.
June
July
Aug.
Sept
Oct.
Not.
Dec.
2.31*
2.33
2.36
2.32
2.57
2.68
2.39
195 Wan.
Feb.
2.67
2.67
2.67
2.1*7
Taxable Treasury bonds
due or callable - 1/
From 12 to
20 years
1..
2.92
2.5 *
1953
1951*.
1
3.16
2.71
y
3.20
2.90
aTeragea of dallj series
2.88
2.87
2.88
2.89
2.96
3-01
1953 "Apr..
May..
June.
July.
Aug.
Sept.
Oct..
Nov..
Dec.
2.97
3.09
3.09
2.99
3.00
2.97
2.83
2.85
2.79
2.96
2.7"*
2.98
1951* -Jan.
2.71
2.70
1952 -Jan..
Feb..
Mar..
Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Not..
2.93
2.96
2.68
2.60
2.51
2. 73
2.61.
2.91*
2.9l>
2.81*
5/
2.57
2.61
2.61
2.70
2.71
2.71*
20 years
and alter
2.71
2.75
Dec.
2.80
2.83
2.89
1953 -Jan.
Feb.
Mar.
Moody* 3 Aaa
corporate
bonds
3/
Feb..
Max..
Apr.
May..
June.
July.
Aug..
Sept.
Oct..
Not..
2.93
2.93
2. 9U
2.95
2.9U
2.95
3.01
2.98
2.97
From 12 to
-
Dec
1955-J«m.
Feb..
Mar..
3.02
3.07
3.12
Taxable Treasury bonds
due or callable - l/
20 years
Weekly series
19"5l*-Oct.
20 years
and after
2.1*7
2.52
2.51*
2.1*7
2.1.8
2.51
2.52
2.55
2.57
2.65
2.72
2.71
3.21*
3-23
3.26
3.29
3.25
3.22
3.19
3.06
3.3**
3.1*0
3.ol*
2.90
2.85
•
2.
.70
2.
.72
J.
.70
.62
.
.60
2.
.61
.
'.
.65
.68
2.
3.28
3.21*
3.29
3.16
3.11
3.13
3.06
2-95
2.86
2.85
2.88
2.90
2.89
2.87
2.89
2.87
2.«9
2.90
2.93
2.99
3.02
2.66
2.66
2.78
2.1*0
Mar.,
-
2.5o
2.63
2.65
2.63
2.57
2.56
2.61
2.66
2.70
July
Aug
Sept ...
Oct
Hot
Dec
2.61*
2.38
2.38
2.39
2.82
2.66
2.62
2.86
2.96
2 31
1950.
19511952-
1951 -Apr
May
June ....
From 12 to
20 years
Moody's Aaa
corporate
bonds
i/
calendar year averages of monthly series
Monthly aerlee
2.71
2.71
2.70
2.70
2.71
2.71
2.67
2.62
2.60
2.61
2.60
2.58
Taxable Treasury bonde
due or callable - i/
Moody's Aaa
corporate
bonds
3/
20 years
and after
2.92
Taxable Treasury bonds, Moody's
Aaa
due or callable - 1/
corporate
bonds
From 12 to
20 years
3/
20 years
and after
Moody's Aaa
corporate
bonds
37
averages of dally aeries for weeks ending
2.69
2.77 6/
-
May
1955
37
.AVKR/GE YIELDS OF LONG-TEIN BONDS.
_l
.
.
.
treasury JSuJletin
3S
.
INTERNAL REVENUE COLLECTIONS.
Table 1.- Summary by Principal Sources
(In thousands of dollars)
Fiscal year
or month
Budget
receipts
from
Internal
revenue
Adjustment of
collections
to budget
receipts 1/
Total
collections
reported by
Internal
Bevenue
Service
Individual Income tax and employment taxes
Corporation
Income and
profits
taxes
1*1,853,1*85
+271,023
-11,057
l»l,861*,5l*2
9,676,1.59
10, 171*, 1*10
1*0,307,285
-155,81*0
1*0,1*63,125
11,553,669
39,1*1*8,607
+*91,*75
38,957,132
51,106,095
+660,1*09
50,1*1*5,686
l"*,
65, 6314,89 1*
70,170,971*
19*7
19*8
19*9
1950
1951
+625,308
65,009,586
69,686,535
69,919,991
39,379,1*09
1952
1953
195 *
y
+1*81*, 1*39
39,108,386
9,501,015
10,85»>,351
21,367,662
23,379,123
20,527,935
19,797,883
387,569
26,62*1,788
9,907,539
21,1*66,910
33,738,370
11,31*5,060
21,59*,515
37,25l*,6l9
11,1*03,91*2
70,299,652
1951* -July
August.
.
.
+379,661
2,81*9,1*31
1
-883
+615
-6k
2,850,311* 57
-335
+788
lt.633,990
7,996,320
7,26l*,332
37,921,31*
10,736,578
1,528,001
3,505,*6l
3,173,096
252,11*5
•,633,375
5,115,735
532,281
299,9*5
1,103,9*0
360,516
288,972
1,181,273
1,1*89,029
3,500,681.
2,023,753
35*, 629
27*, 500
3,283,303
1*, 583, 312
September
5,115,671
2,699,7l»9
l»,OOl*,978
-85
2,700,081*
11,628,690
l*,OO5,063
1955-January.
February.
U,35l*,l£3
+35
*,35*,0SS
5,631,332
-11*1
5,631,!*73
629, 1*78
9,l*61i,20lt
21,51*6,322
October.
November
December.
It,
Individual
Income tax
not withheld gf
Individual
Income tax
withheld 37
Old-age
Insurance
taxes 3/
Railroad
retirement
Unemployment
insurance
9,81*2 282
11,533 577
10,055, 502
9,888 976
13,089, 770
1,1*58,93*
2,810,71.9
379,555
560,113
562,73*
5*8,038
579,778
185,876
208,508
226,228
223,135
236,952
17,929, 01*7
21,132, 275
22,076, 329
li,219,30*
620,622
628,969
605,221
259,616
273,182
283,882
1,612,721
1,687,151
1,873,*01
3,58i»,025
3,816,252
93,008
1,252,385
3,320,589
1,1*29,1*65
1,696,171.
199,101
77,617
271,658
1,265,005
3,313,289
1,687,218
2,239,01*8
996,937
3,*T1,502
880,678
19,588 .5./
3,881.
76,01.3
1*6,871
15,8*1
586
21,010
9*,*86
3,912
15,292
kTh
61*, 1*03
l6,i*ll*
63,92*
30,903
167,208
May
1955
39
-IMTEKNAL REVENUE COLLECTIONS.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
1940
42
'44
'46
)
.
..
:
Treasury Bulletin
1*0
.
INTERNAL REVENUE COLLECTIONS.
Table 2.- Detail of Collections by Type of Tax
(In thousands of dollars)
Eighth month of
fiscal year
First 8 months of
fiscal ysar
Fiscal year
Type of tax
1*01,136
5,989,75l»
5,1*1*2,720
1,050,976
880,678
5,191,6"*2
4,857,358
-1,385,857
57,235
21,546,322
6,268,538
11,603,942
10,9U6,578
Individual Income tax and employment taxes
Income tax not withheld 2/
Income tax withheld and old-age Insurance:
Received with returns
Undistributed depositary receipts 4/
Railroad retirement:
Received with returns
Undistributed depositary receipts 4/
Unemployment Insurance
J/
27*1,500
396 ,057
21,594,515
Corporation Income and profits taxes l/.
1955
1954
(February 1954) (February 1955)
1955
1951*
1954
1953
1*,
24, 748,526
26,085,633
19,291,919
18,338,612
-1,335,511
628,969
605,221
377,235
183,190
33,974
29,950
167,208
273,182
37,254,619
Total Individual Income tax and employment taxes.
255,510
332,157
70,582
238,100
*
25, 91i», 1*18
23,086,659
6, 1*83 ,0"*"*
4,583,312
863,3"*4
556,513
528,782
81,231
62,299
71,778
16,583
20,176
4,582
4,331
165,431*
1,052,081*
,629
110,575
1,659
206
5,683
14,982
110,564
1,782
275
6,102
230
254
283,882
37,921,31
l
Miscellaneous Internal revenue:
784,590
106,6911
01ft tax.
Excise taxes:
Alcohol taxes:
Distilled spirits (Imported, excise)
Distilled spirits (domestic, exclBe)
Distilled spirits, rectification tax
Wines, cordials, etc. (Imported, excise)
wines, cordials, etc. (domestic, excise)
Dealers in distilled spirits; rectifiers;
of stills (special taxes)
Stamps for distilled spirits Intended for
Case stamps for distilled spirits bottled
Container stamps
Floor taxes
Fermented malt liquors
Brewers; dealers in malt liquors (special
204,794
1,10*1,919
2**,951
19,1*61
1*,152
17,280
2,862
3,256
7*>,
527
1.8,1*1.8
1*9,599
16,272
16,1*27
21*
31
12,933
25
79 1*
export
In bond
•
taxes)
Total tobacco taxes
Stamp taxes:
Bonds, Issues and transfers of capital stock, deeds of
conveyance , etc
Playing carets
Silver bullion sales or transfers
Total stamp taxes.
Manufacturers 1 exolse taxes:
Lubricating oils
Gasoline
Tires and tubes
Automobile trucks and buses
Other automobiles and motorcycles
Parts and accessories for automobiles
Electric, gas, and oil appliances
Electric light bulbs and tubes
Radio sets, phonographs, television sets, components,
etc
Phonograph recorda
Musical Instruments
Mechanical refrigerators, air-conditioners, quickfreeze units , etc
Matches
Bus lnesa and store machines
Photographic apparatus
Sporting goods
Firearms, shellB, and cartridges
Pistols and revolvers
Mechanical pencils, pens, and lighters
II*
12,606
18
517
6,138
manufacturers
Tobacco taxes:
Cigars ( large
Cigars (small)
Cigarettes (large)
Cigarettes (small)
Snuff
Tobacco (chewing and smoking)...
Cigarette papers and tubes
Leaf dealer penalties, etc
Cigarette and cigar floor taxes.
Footnotes at end of table
161,621
1,61*3,061*
3,956
76,579
Total alcohol taxes
Total manufacturers' excise taxes.
230,566
1,61*1,933
26,81*5
1,020
13,349
27,956
762,983
5,215
1,088
13,013
306
769, 77 *
5,112
1
8,51*0
253
506,002
3,907
2
81
883
1*2
11
1
1*67,935
1*7, 38*.
l*,2l*2
58
47,522
-115
181,367
3,244
2,780,925
2,783,012
1,867,581.
1,781,333
131,1*02
1*6,277
"»5,576
30,1.52
29,616
3,3"*3
1.9
1*2
26
33
5
1*
l*
7
1,586,775
3,821
,513,73"*
17, 21*1*
3,925
16 ,21*9
993,992
2,559
10,633
972,795
2,513
10,544
717
695
1*52
1*96
1*
4
«
106,061
113,971
321
1,236
26
345
1,193
38
1
19
8
1,654,911
1,580,229
1,038,121
1,016,010
110,993
U8,796
82,61*0
83,035
5,3"*6
6,91*1
55,927
4,738
66,1*05
7,582
97
1*60
586
21*
16
23
8,583
592
2
90,319
90,000
60,682
70,888
5,933
9,177
68,1*1*1
53,165
596,985
49,11*0
1*1,626
19"*,976
73,321
890,679
180,01*7
210,032
785,716
1
63,558
27,308
30,985
204, 695
30,570
18,639
35,390
21i,98l
15,061*
10, 75"»
11,681
173,525
34,740
26,836
234,943
28,394
9,645
6,820
135,535
97,497
6,251
7,413
38,230
2,506
1,963
41,719
2,162
2,416
5,085
1,359
13,412
4,039
2,324
1,223
835,610
152,079
11*9, 91 *
1
113,390
667,1*82
135,21*8
97,1*15
36,681*
159,383
7,617
177,921*
it,
113,561*
108,252
634,934
97,173
667,268
117,069
93,151
679,152
100,75"*
3"*
,621.
11,01*8
9,191
95,844
6,00U
5,928
87, 1*2 1*
75,059
9,373
1*6,259
6,1*32
22,12"*
8,62".
1*,01*1
2,1*23
8,950
50,259
8,1*1*5
1*8,992
35,963
1*0,011*
1"*,525
20,71*9
8,621.
12,078
10,091
8,1*1*5
9,01*3
6,788
2,653
1,852
736
8,573
811
21*6
176
983
11,938
25,196
12,766
10,266
975
10,885
6,661*
3,882
2,071
2,688,262
1,936,171
1,964,932
623,563
602,570
2,862,788
29,1*01
15,81*5
12,11*8
(Continued on following page)
May
1955
ki
.INTERNAL REVENUE COLLECTIONS.
Table 2.- Detail of Collections by Type of Tax
-
(Continued)
(In thousands of dollars)
First 8 months of
fiscal year
Fiscal year
Type of tax
1953
Miscellaneous Internal revenue
-
1954
1954
•9,923
95,750
115,677
39,036
209,256
79,891
110,149
28,624
167,428
63,926
82,618
496,009
438,332
342,596
78,130
417,940
357,933
28,378
287,408
419,604
10,368
312,831
46,691
36,829
3,411
16,505
73,885
(Continued)
Excise taxes - (Continued)
Retailers • excise taxes:
Furs
Jevelry
Luggage
Toilet preparations
Total retailers 1 excise taxes
Miscellaneous taxes:
Sugar Act of 1937
Telephone, telegraph, radio, and cable facilities
Local telephone service
Transportation of oil hy pipe line
Transportation of persons , etc
Transportation of property
Leases of saf e-depoeit boxes
Admissions to theaters, concerts, etc
Admissions to cabarets, roof gardens, etc
Club dues and initiation fees
Bowling alleys , pool tables , etc
Coin operated devices
Adulterated and process or renovated butter, and
filled cheese
Narcotics, including marihuana and special taxes.
Coconut and other vegetable oils processed
National Firearms Act
Diesel oil 5/
Wagering taxeB
All other, including repealed taxes not shown
separately
Total miscellaneous taxes
Total excise taxes:
Received with returns and from sale of stamps
Undistributed depositary receipts 4/
Total miscellaneous internal revenue
Total collections reported by Internal Revenue Service
Adjustment to budget receipts 6/
Budget receipts from internal revenue
jj
23li,659
6
929
17,983
7
15,091
10,475
64?
2,061,164
9,946,116
10,837,401
69,686,535
484,439
70,170,974
Source:
Internal Revenue Service reports for detail of collections by type
of tax; Daily Treasury Statement for biriget receipts from Internal
revenue through the fiscal year I952, and the new "Monthly Statement of
Receipts and Expenditures of the United States Government" for receipts
thereafter. Certain detail by type of tax is available only on the
basis of returns filed with the Internal Revenue Service. The figures
shown include collections for credit to special accounts for certain
island possessions, as reported by the Internal Revenue Service.
1/ Includes excess profits taxes on Army and Navy contracts imposed by the
Vinson Act as amended (34 U.S.C. 496), and Income tax on business income
of exempt organizations imposed by the Revenue Act of
1951, approved
Ootober 20, 1951.
Includes old-age insurance tax on self -employment income, imposed by the
Social Security Act Amendments of 1950 (Public Law 734), approved
August 28, 1950. The tax is levied and collected as part of the individual Income tax beginning with the taxable year 1951. For estimated
fiscal year breakdown, see Table 1.
Beginning January 1951, withheld income tax and social security employment taxes on employers and employees are paid into the Treasury in
.
,
.
Treasury Bulletin
U-2
.MONETARY STATISTICS.
Table 1.- Money in Circulation
(In millions of dollars except as noted)
Paper money
End of fiscal
year or month
Total
money In
circulation 1/
Total
paper
money
Gold
certificates
Sliver
certificates
2/
1947
1948
1949
1950
1951
28,297
27,903
26,942
26,482
27, >»93
26,031*
27,156
27,809
25,661
26,231
1952
1953
195 *
29,026
30,125
29,922
27, 348
28,359
28,127
38
37
1953-Dec ember.
30,781
195Wuly
48
notes
of 1890
3/
United
States
notes
Federal
Reserve
no tee
Federal
Reserve
Bank
National
bank
notes
notee
Treasury
y
y
2,061
2, 061
2,06l
2,177
2,092
320
321
319
321
318
23,999
23,600
23,209
22,760
23,456
406
353
309
274
243
106
99
93
86
81
2,088
2,122
2,135
318
318
320
24,605
25,609
25,385
221
200
77
35
ieo
70
28,968
36
2,100
316
26,253
190
72
August. .
September.
29,892
29,929
29,985
28,099
28,129
28, 17"*
35
35
35
2,122
2,137
2,160
316
319
319
25,377
25,390
25,413
179
177
175
69
Ootober. .
November .
December.
30,071*
28,255
35
35
35
25,895
25,9 '5
173
28,675
320
319
311
174
28,661.
2,169
2,172
2,1 »3
25,"t87
30,500
30,509
1955-January .
February.
March
29,789
29,817
29,800
27,981
28,007
27,978
35
35
2,055
2,083
2,125
303
312
25,350
25,339
25,269
169
169
1
.
.
45
*3
41
39
35
|
313
1
171
167
73
70
69
69
69
68
68
68
68
. .
.
.
May
1W
,
^
MONETARY STATISTICS.
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts In millions)
End of fiscal
year or month
Gold
($35 per
fine ounce)
1947
1948
19*9
1950
1951
266.5
Sliver
($1.29+ per
fine ounce)
Ratio of silver
to gold and
silver In
monetary stocks
(In percent)
,532.5
466.3
,230.7
,755.9
3,525-7
3,571.0
3,618.3
3,671.5
3,718.5
14.2
13.2
12.9
13-2
14.6
346.5
462.8
927.0
3,768.5
3,814.3
3,863.1
13.9
14.5
15.0
1953 -Deo ember..
22,029.5
3,837.0
14.8
1954-July
August. . .
September.
21,907.7
21,809.3
21,810.1
3,867.6
3,870.2
3,875.6
15.0
15.1
15.1
21,759.0
21,709.9
21,712.5
3,878.8
3,882.5
3,886.6
15.1
21,714.5
21,716.3
21,719.2
3,891.4
3,894.0
3,897.6
15.2
15.2
15.2
1952
1953
1954
October. .
November
December.
.
1955-January. ..
February
March
.
Circulation Statement of United States Money,
silver monetary stock see Table 4.
Source:
15.2
15.2
For detail of
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
End of calendar year or month
Gold assets
Liabilities:
Gold certificates,
etc. 1/
Balance of gold In
Treasurer's account
1947
1948
1949
1950
1951
753.9
,243.9
,427.1
706.1
,695.5
21,700.0
23,166.0
23,373.9
21,653-5
21,662.5
1,053-9
1,077.9
1,053.2
1,052.6
1,032.9
1952
1953
1954
I87.I
,029.5
,712.5
22,178.8
21,545.7
21,223.5
1,008.2
483.7
489.0
,907.7
,809.3
,810.1
21,411.3
21,308.7
21,320.6
496.4
500.6
489.5
,759.0
,709.9
,712.5
21,270.2
21,221.1
21,223.5
488.8
488.8
489.0
.714.5
,716.3
,719.2
21,228.8
21,222.7
21,217.7
485.7
493.7
501.5
1954-July
August....
September
October.
November
December.
.
.
1955-January .
February.
March
.
Source! Circulation Statement of United States Money.
1/ Comprises (1) gold certificates held by the public and In Federal Reserve
Banks; (2) gold certificate credits In (a) the gold certificate fund -
Board of Governors, Federal Reserve System, and (b) the redemptlo
fund - Federal Reserve notes; and (c) reserve of $156.0 million
against United Statee notes and Treasury notes of 1890.
Treasury Bulletin
hk
.MONETAE* STATISTICS.
Table 4.- Components of Silver Monetary Stock
(In millions of dollars)
.
)
May 1955
^
.MONETARY STATISTICS.
Table 5.- Seigniorage on Silver
(Cumulative from January 1, 1935
-
In millions of dollars)
Sources of seigniorage on sliver bullion revalued l/
End of calendar
year or month
Seigniorage
on coins
(silver and
minor)
Misc. silver
(lncl. silver
bullion held
June Ik, 193^
Newly mined
silver (Proc.
Doc. 21, 1933)
Newly mined
silver (Acta
July 6, 1939,
and
July 31, 1946)
Potential
seigniorage on
silver bullion
at cost In
Treasurer's
account 2/
Silver Purchase Act
of June 19,
1934
Rationalized
silver
(Proc. of
226.2
34.5
34.7
34.7
34.7
34.7
326.2
422.1
508.1
616.0
705.6
274.9
397.5
541.6
758.8
950.6
Aug. 9, 1934)
Total
seigniorage
on silver
revalued
1935
1936
1937
1938
1939
46.1
63.7
69.5
91.7
48.7
48.7
48.7
48.7
48.7
16.8
36.0
58.0
74.9
87.3
4.2
302
366
457
530
1940
1941
1942
1943
1944
122.2
182.1
245.7
299.6
362.3
48.7
48.7
48.7
48.7
48.7
87.6
87.6
87.6
87.6
87.6
25.7
562
48.3
63.6
65.3
65.4
580
584
584.3
584.3
34.7
3*. 7
34.7
34.7
34.7
759.4
799.7
818.9
820.6
820.7
1,055.8
1,089.0
1,048.2
967.3
717.3
1945
1946
1947
1948
1949
U29.5
491.9
520.5
559.2
578.7
48.7
48.7
48.7
48.7
48.7
87.6
87.6
87.6
87.6
87.6
65.5
66.5
74.5
84.6
93.5
701.6
832.1
832.1
832.2
833.6
34.7
34.7
34.7
34.7
3^-7
938.1
1,069.6
1,077.6
1,087.8
1,098.1
333-2
161.2
146.8
129.9
127.2
1950
1951
1952
48.7
48.7
48.7
48.7
48.7
87.6
87.6
87.6
87.6
87.6
104.7
114.6
125.4
134.7
143.8
833.6
833.6
833.6
833.6
833.6
34.7
34.7
34.7
34.7
1954
596.6
642.3
694.2
742.2
792.9
34.7
1,109.3
1,119.2
1,130.0
1,139.3
1,148.4
111.7
81.9
57.2
34.9
6.6
1954-July
August. .
September
782.2
784.7
787.0
48.7
48.7
48.7
87.6
87.6
87.6
139.9
141.0
141.5
833.6
833.6
833.6
34.7
34.7
34.7
1,144.5
1,145.6
1,146.1
8.6
7.2
7.6
October.
November.
December.
789.3
791.5
792.9
48.7
48.7
48.7
87.6
87.6
87.6
141.5
143.1
143.8
833.6
833.6
833.6
34.7
34.7
34.7
1,146.1
1,147.7
1,148.4
7.4
6.3
6.6
1955"January.
February.
March
79 It. 4
796.7
798.4
48.7
48.7
48.7
87.6
87.6
87.6
144.7
145.8
146.3
833.6
833.6
833.6
34.7
34.7
34.7
1,149.3
1,150.4
1,150.9
6.7
5.0
5.9
18.5
1953
Source! Office of the Treasurer of the United States.
1/ These items represent the difference betveen the cost value and the monetary
value of silver bullion revalued and held to secure sliver certificates.
2/
The figures in this column are not cumulative; as the amount of
bullion held changes, the potential seigniorage thereon changes,
Table 6.- Increment Resulting from the Reduction In the Weight of the Gold Dollar, ae of March 31, 1955
Allocations of
increment
Exchange Stabilization Fund
Payments to Federal Reserve Banks for Industrial loans.
Charges against
increment
$ 2,000,000,000.00
$ 2,000,000,000.00
139,299,556.99
27,546,310.97
Unexpended balance of
Increment
$ 111,753,246.02
23,862,750.78
Philippine currency reserve
23,862,750.78
Melting losses on gold coin
2,175,121-93
1,855,213.05
645,387,965.45
645,387,965.45
319,908.88
|
Retirement of national bank notes
Unaeaigned
Total increment
Source:
Office of the Treasurer of the United States.
8,742,767.92
8,742,767.92
2,819,468,163.07
2,674,789,489.47
144,678,673.60
.
1*6
.EXCHANGE STABILIZATION FUND.
Table 1.- Balance Sheets as of June 30, 1954, and December 31, 1954
December 31, 195U
June 30, 195U
Caah:
Treasurer of the United States, ohecklng account
Federal Reserve Bank of Hew York, special account
Disbursing officers' balances and advance accounts...
$6,055,512.29
202,666, U85.U6
6.91U.79
*6,U13,1U9.90
l82,8lU,20U.O5
2,261.65
»189,229,615.60
Federal Beserve Bank of Hew York Clearing Account
5,512.80
3lU,359,860.U8
Accounts receivable
105,U75.98
7,680.23
Accrued Interest receivable
25,000,000.00
103,045.69
Investments In United States Government securities.
80, 911, 358. 9U
25,000,000.00
Special accounts of Secretary of the Treasury with
Federal Eeaerve Bank of Hew York:
Special account Bo. 1, gold
»208, 728,912. 5U
100,019,518.96
Total cash.
31U, 763,292. 61
12,032.35
.
Total assets
Liabilities and capital:
Accounts payable:
Vouchers payable
Dnployees' payroll allotment account, United States
savlngB bonds
Miscellaneous
8,630. OU
5.7U2.31
2.07U.65
13U.209. U9
2,121.31
136,979.76
Capital account
Deduct - Subscription to International Monetary Fund.
Hot Income
(
1UU.8U3.38
1W.91U.18
Total accounts payable.
2,000,000,000.00
1,800,000,000.00
2,000,000,000.00
1,800,000,000.00
see Table 2 )
Total liabilities and capital.
Hote: Annual balance sheets for fiscal years 193U through 19U0 appear In
the 19U0 Annual Deport of the Secretary of the Treasury and those for
succeeding years appear In subsequent reports, quarterly balance sheets
200,000,000.00
200,000,000.00
11U,21U,9U6.30
UU,6l8,UU9.23
31U,359,860.U8
31U, 763,292. 61
beginning with that for December 31, 1938, have been published In
the "Treasury Bulletin."
May 1955
^7
,
EXCHANGE STABILIZATION FUND,
Table 2.- Income and Expense
January 31, 1934, through
Juno 30, 1954
Classification
January 31, I934, through
December 31, 195*
Income:
Profits on British sterling transactions
Profits on French franc transactions
Profits on gold
bill
Hon
$310,638.09
,
(including profits from handling charges on gold).
Profits on other gold and exchange transactions
Profits on silver transactions
Profits on sale of silver bullion to Treasury (nationalized)
Profits an Investments
Interest on investments
,
,
,
,
,
Miscellaneous profits
Total income
351,527.60
58,276,417.51
58,913,261.68
"19,778,488.75
49,934,781.56
102,735.27
102,735.27
3,473,362.29
3A73,362.29
1,876,790.55
1,876,790.55
9,238,299.65
9,553,229.9*
861,546.95
,
,
861,546.95
2,849,683.19
Interest earned on foreign balances
Interest earned on Chinese yuan
$310,638.09
351,527.60
2,849,683.19
1,975,317.07
1,975,317.07
129,094,806.92
130,202,874.19
11,383,868.30
12,000,319.90
Expense:
Personal services
,
Travel
553,585.51
576,920.97
713,463.80
717,355.83
Communications
593,059.36
600,654.19
Supplies and materials
113,196.88
115,817.14
Transportation of things
Other
Total expense
Net Income
,
,
1,522,686.77
1,573,356.93
14,879,860.62
15,584,424.96
114,214,946.30
114, 6l8, 449. 23
Treasury Bullet in
kg
.CAPITAL MOVEMENTS.
Data relating to capital movements between the
United States and foreign countries have been collected
since 1935. pursuant to Executive Order 6560 of January 15,
Executive Order IOO33 of February 8, I9U9, and
pages +5 _1*7As a result of changes In pr?9en-atlon
Introduced In that Issue, not all breakdowns previously
l
published will be exactly comparable to those now presented.
193!*-,
Treasury regulations promulgated thereunder. Information
cove-lng the principal types of data and the principal
monthly.
countries Is reported monthly, and Is published regularly
countries, of data on short-term banking liabilities to
In the "Treasury Bulletin."
and claims on foreigners and transactions In long-term
securities by foreigners, and present detailed breakdowns
Supplementary Information Is
published at lees frequent Intervals.
Reports by banks,
bankers, securities brokers and dealers, and Industrial
The first three sections which follow are published
of the latest available preliminary data.
and commercial concerns In the United States are made
Initially to the Federal Reserve Banks, which forward
Section IV provides supplementary data In five
consolidated figures to the Treasury.
Beginning April 1954,
data reported by banks In the Territories and possessions
of the United States are Included In the published data.
They provide summaries, by periods and by
tables which appear at less frequent Intervale.
Table
1,
short-term foreign liabilities and claims reported by
non-f lnanolal concerns, Is published quarterly In the
January, April, July, and October Issues of the Bulletin.
The term "foreigner"
as used In these reports covere
all Institutions and Individuals domiciled outside the
United States and Its Territories and possessions,
the
official Institutions of foreign countries, wherever
such Institutions may be located, and International
organizations.
"Short-term" refers to original maturities
of one year or less, and "long-term" refers to all other
maturities.
A detailed discussion of the reporting
coverage, statistical presentation, and definitions
appeared In the June 195
1*
Issue of the "Treasury Bulletin,
"
Table
2,
long-term foreign liabilities and claims reported
and Table 3, estimated gold and
short-term dollar resources of foreign countries, are
published quarterly In the March, June, September, and
December Issues. Table *, foreign credit and debit
balances In brokerage accounts, appears semiannually In
Table 5. short-term
the March and September Issues.
liabilities to foreigners In countries and areas not
regularly reported separately by banking Institutions,
Is presented annually In the April Issue.
by banks and bankers,
Section I - Summary by Periods
Table 1.- Net Capital Movement between the United States and Foreign Countries
(In millions of dollars; negative flguree Indicate a net outflow of capital from the United States)
Analysis of net capital movement
Calendar year or month
Net
capital
movement
Changes in liabilities to foreigners
Short-term
2
. .
.
.
.
8 3
5
1
9
5
16
S
May 1955
ks
.CAPITAL MOVEMENTS.
Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Posltioq at end of period in znilllons of dollars)
Short-term liabilities to foreigners
Foreign
official
19l»2
19>*5
4,205.4
5,374.9
5,596.8
6,883.1
1946
6,1*80.3
1947
1948
7,116.1*
1943
1944
1950
1951
Other
foreign
2,21*1*.!*
2,036.7
2,239.9
2,678.2
2,922.0
1*,1T9.3
3,01*3.9
1,832.1
2,836.3
2,908.1
3,620.3
246.7
257.9
329.7
392.8
708.3
1*0.6
1*73.7
3,1*51.7
2,262.0
1,864.3
1,657.8
1,527.8
OUl .2
.9
9U8.9
1,018.7
827.9
898.0
1,61*1.1
72.2
968.lt
,21*5.6
1*,308.1*
l,58l*.9
1,629.1*
61. 4
1,01*8.7
338.3
1,769.9
1*3.2
l,38l*.2
1*5.9
1,109.6
1,108.6
2,972.7
3,001.0
1*,
1952
1953
1954
10.51*6.1
l*,65i*.2
1*
11,61*8.1*
5,666.9
6,779.6
1*,
1954-July
August.
September
12,1*27.5 r
12,1*37.6 r
49.7
70.1*
51.0
1*1*
1*3.7
901*.
1,187.1*
6,1*0U.2
4,305.1
6,379.3
6,779.6
It,
1,773.9
1,792.8
1,769.9
1*2.9
12,931.0
12,853.2
6,750.1*
l*,305.6
12,69l*.5
1955-January p.
February p.
1*7.3
12, 571*. 6
.
1,656.5
1,751.0
1,801.9
12,526.1
October.
Hovember .
December.
6,287.3
6,319.2
4,285.3 r
l*,353.5 r
l*,361*.l r
1*7.0
12,532.5 r
6,519.7
l»,
6,1*38.6
360.
l*,338.3
72.0
11*3.7
86.lt
137.2
169.7
105.1*
51*.
21*5.0
1*7.5
290.5
98.1
292.9
361.2
222.7
151.1
177.2
122.9
156.5
210.7
490.6
557.1
165. It
100.lt
1*9)1.3
110.8
506.3
2lt0.6
699.1*
91.8
81*7.5
61*6.5
78.4
101.6
206.8
966.6
178.3
178.7
I87.I
811.2
801.5
825.9
191*.
931.5
928.1
966.6
1*1.7
1,290.6 r
1,315.5 r
1,381* .2
219.6
210.7
1*5.0
1,380.1
1,366.5
231.0
208.7
55.5
30.9
34.4
100.3
319.6
1*3.2
1,752.2
1,781.9
337.1*
Payable in
foreign
currencies
Loans to
foreign banks
13.9
17.9
21.6
25.5
2,91*7.0
3,51*7.6
12,931.0
Payable In dollars
Payable in
foreign
currencies
International
1,91*7.1
3,320.3
3,335.2
7,718.0
7,618.0
8,6V. .8
9,302.2
19"»9
Short-term claims on foreigners
Payable in dollars
End of calendar year
or month
120.1
128.1*
171*. 1*
:
:
161*.2
167.9
206.8
956.1
193.0
988.1.
169.1*
Preliminary.
Revised.
p
r
Table 3.- Purchases and Sale s of Long-Term Domestic Securities by Foreigners
(in millions of dollars; negative figures indicate a net outflow of capital from the United States)
U. S. Government bonds
Calendar year
or month
Corporate and other
and notes 1/
Purchases
Bonds 2/
Net
purchases
Sales
y
1935-41.
396.3 37
1*92.'*
19l*2 ....
l6!t.2
1S>1!3....
21*1.3
la!*"*
513.6
3T7.7
138.5
170.6
268.2
2'*5.3
393.1*
Net
purchases
-15.7
I9U5
19U6
'*ll*.5
681*.
191*7....
191*8....
19"*9....
344.8
282.'*
1*30.0
1950....
1,236.'*
283.3
330.3
333.6
294.3
1951
1952
1953
673.6
533.7
1,356.6
61*6.0
1951*
800.9
728.0
792.7
1951* -July
33.1*
August
September
.
86.9
38.6
October...
November .
December. .
115.1
101.3
.
1955 -January p.
February p.
1/
2/
1/
1*8.0
123.1*
31*7.3
231.1*
-95.7 2/
25.7
70.7
1*30.2
2/
-269.7
61.5
-vr.9
96.1*
91*2.1
-683.0
302.3
-82.0
8.2
H
u
H
2/
107.7
2/
108.3
120.0
200.1
212.8
289.7
11*1.6
188.5
197.1*
283.6
2U. 3
33.9
39.2
9.1
53.0
21*.
I8.9
22.
-.6
20.1
17.9
25.9
101.8
261.3
22.1
13.3
-160.0
23.9
27.9
35-5
20.3
28.9
81.1
216.0
131.2
30.9
25.3
33.3
33.7
1*2.3
36.2
38.1*
Through 1949, Includes transactions in corporate bonds.
Through 1949, included with transactions in U. S. Government bonds and
notes
January 4, 1940, through December 31, 1941; the breakdown between stocks
Bet
purchases
Sales
1/
96.1*
210.7
-113.1
-64.5
-150.6
-144.3
-21.2
2.9
782.1
570.9
652.2
784.1
2,011.1
1,116.3
659.9
844.4
708.9
1,066.6
-334.2
-89.
-192.2
75.2
944.4
120.3
1.0
55.2
135.0
1,533.3
1,384.0
1,447.9
2,205.7
2,117.6
1,069.0
1,459.4
2,056.4
-584.3
314.9
-11.5
149-3
15.4
166.6
197.5
142.4
124.9
142.5
125.8
41.8
55.0
16.6
101.3 r
165.1
284. Or
137.3
232. Or
441.8
27.8
52.0
357.7
1*32.1
351*.
376.7
514.1
375.3
661*.
-21.6
11.7
15.3
6.1
739.8
650.2
589.1
1,115.1
17.2
97.0
86.1
83.7
2.1
2.2
619.5
61*9.2
533.9
980.2
81.6
86.2
68.7
91.1
-1*11.1*
3.6
-1.0
-2.8
11*1.0
I61.9
11*2.2
298.7
-2.1*
11*6.3
-8.1*
132.9
116.3
126.5
300.6
505.5
93.2
*
p
r
r
626.7
46.6
8,695.3
214.0
365.2
439.7
751.0
666.9
..r
Net purchases of
doaestic
securities
9,322.1
260.6
392.9
650.4
637.9
171.1*
367.6
226.1
369.7
Total
sales
20.9
-43.0
-34.6
-97.4
37
75.5
194.6
151.6
136.9
260.2
2/
81*1.6
Total
purchases
and bonds Is not available for earlier years.
Less than $50 thousand,
Preliminary,
Revised.
230.7
376.2
27.
-143.2
69.9
129.4
:
Treasury Bulletin
50
.CAPITAL MOVEMENTS.
Section I - Summary by Periods
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
.
May
.
8
.
2
7
1
5
2
1955
51
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
4/
(Position at end of period In millions of dollars)
Calendar year
1951*
1955
Country
1950
1951
1952
September
1953
October
November
272.4
103.2
December
January p
February p
272.8
98.1
276.6
93.0
274.7
98.9
1.2
70.3
41.6
69.3
37.8
March p
Europe:
Austria
Belgium
Czechoslovakia.
Denmark
Finland
41.9
128.2
5.6
57.1
134.7
91.1
123.9
190.9
130.3
281.9
104.0
283.6
104.6
1.3
.6
.7
.6
.7
.7
.7
1*5.3
.6
70.1*
95.7
28.5
37.9
1*0.6
69.2
39.8
71.1
27.0
76.4
37.7
68.8
18.3
41.3
76.2
39.7
France
Germany, Federal Republic of.
Greece
Italy
Netherlands
260.7
221.6
32.3
314.7
193.6
289. 4
31*2.6
1*05.6
1*5.8
551.1
300.5
308.9
203.1
428.5
898.8
100.9
465.7
242.9
474.2
1,247.6
94.3
528.4
247.6
495.8
1,257.2
93.8
553.9
248.7
502.1
1,287.2
110.2
563.0
241.4
715.4
1,372.5
112.5
578.6
249.3
706.5
1,367.9
129.2
591.5
254.3
716.6
,405.9
134.2
610.2
221.2
749.6
1,411.1
130.5
611.2
222.1
1*3-6
110.3
4.2
99.7
2.8
"*5.7
1*0.7
57.1*
6.1
21.3
6.1
17.1
6.1
19.2
118.5
2.2
72.4
5.8
36.0
132.3
1.8
83.5
7.9
58.3
125.8
1.9
85.O
8.1
66.1
115.8
2.2
88.9
8.0
70.9
103.4
2.1
91.3
7.e
71.3
88.8
2.0
92.6
8.0
78.4
66.2
1.7
98.1
8.0
84.7
64.3
2.4
91.9
8.2
92.6
115.3
553.0
14.3
4.0
656.6
71.7
521.3
61*1.8
180.5
668.5
6.4
2.1
837.9
179.4
645.5
8.2
159.0
623.7
8.1
141.0
672.4
8.2
2.0
842.8
5.2
1.8
829.7
639.5
130.5
624.2
9.5
1.8
656.6
129.7
634.5
9.2
1.7
599.4
121.3
649.3
9.8
1.5
637.8
365.9
9.0
369.6
8.6
358.8
9.4
381.2
9.8
381.7
8.0
357.3
Norway
Poland
Portugal
Rumania
Spain
Sweden
Switzerland.
Turkey
U. S. S.
.
.
P
United Kingdom.
Yugoslavia
Other Europe...
13.2
11*8.8
1*7.3
3.4
91.0
61*2.6
1.7
817.9
116.7
674.2
14.2
2.0
708.9
12.0
218.8
6.9
383.5
6.9
351.0
11*.
2.5
8.1*
273.2
99.8
.7
21*6.8
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands W. Indies
3,755.5
4,733-6
5,430.0
5,485.3
5,479.2
5,620.5
5,619.9
5,595.7
5,650.5
1,307.1
1,1*20.7
1,295.5
1,384.1
1,372.8
1,377.8
1,538.5
1,528.2
1,365.3
1,320.9
21*9.7
138.8
27.8
100.3
54.0
21*.
*
106.1*
72.5
79.3
118.2
130.0
19.1
101.7
78.8
150.2
204.8
30.2
91.3
74.7
168.2
190.7
31.9
139.1
72.8
147.7
175.3
32.3
160.3
73.2
168.6
160.4
29.2
119.6
69.6
222.2
143.3
30.8
100.4
73.3
189.5
144.2
27.2
104.8
53.
65.1
138.7
151.7
26.3
95.1
73.4
97.6
259.1
Latin America:
Argentina
Bolivia...
Brazil
Chile
Colombia.
3,005.9
301.8
20.U
226.0
79.5
..
7.1
124.7
2,986.3
899.0
Total Europe.
291.2
60.7
37.1
254.7
50.1
269.0
231.2
44.3
340.8
39-3
37.9
183.2
51.5
243.7
59. 6r
31.5
265.5
46.9
242.3
60.4
34.5
328.9
48.7
239.8
68.2
37.5
335.8
42.7
228.1
65.4
42.6
357.7
44.4
232.3
63.1
44.5
363.3
44.8
71.9
87.8
80.8
60.9
25.6
94.1
145.5
117.4
68.0
26.8
IO9.6
222.4
119.2
76. 9r
76.4
25.0
101.6
210.5
136.1
75.6
79.6
20.4
91.7
202.2
121. 9r
73.8
83.4
30.4
90.3
193.6
124.1
73.4
81.0
39.6
86.8
177.7
123.6
75.1
79.0
46.6
83.1
176.8
127.5
82.4
82.1
42.6
85.4
176.2
126.1
1,"*55.2
1,612.9
1,768.4
l,889.6r
1*3.2
38.3
38.2
70.9
36.4
37.2
68.0
99.0
39.3
1
8c
Surinam.
263.6
301.2
1*2.7
1*5.8
1*4.2
25.1*
27.3
158.2
34.9
34.3
207.1
30.2
Panama, Republic of.
Peru
El Salvador
Uruguay
Venezuela
Other Latin America.
59.2
60.2
16.1
75.1
85.2
71.3
Total Latin America.
1,612.9
Asia:
China Mainland
Formosa
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of 2/.
Philippines
81.7
67.7
1*7.2
27.8
81*.
1*1*.
89.9
6.8
59.9rj
34.1
265.4
46.3
77.4
79.2
23.0
98.5
183.O
121. 7r
1,839.5
1,848.1
1,911.5
1,843.4
1,806.2
1,786.9
34.8
34.8
64.3
73.4
87.3
35.4
35.7
64.7
77.7
95.4
36.O
35.3
64.6
82.1
100.6
35.7
34.3
60.8
86.9
100.3
36.4
32.8
60.8
95.0
109.3
36.5
33.8
101.
110,
36.6
33.4
61.2
71.5
97.7
86.1
55.7
62.1*
111*. 7
11*0.6
64.6
61.0
20.3
12.6
25.5
26.6
596.0
26.2
329.7
18.8
808.0
54.4
315.1
43.6
18.0
827.9
91.5
295.5
26.1
33.1
668.5
94.9
308.5
24.7
24.7
695.8
93.8
289.7
28.2
26.0
712.6
88.7
276.8
31.4
41.0
724.9
95.6
257.4
44.5
38.9
707.3
98.9
264.9
47.0
40.4
700.1
100.2
263.2
40.1
45.0
715.5
99.9
253.6
1*58.5
19.
1*
371*. 1,
62.1
19.2
60,
Thailand
Other Asia
1*8.2
96.7
92.5
11*2.2
181.0
167.I
167.9
171.2
125.0
213.3
117.8
227.0
124.2
236.6
123.1
234.1
131.6
221.9
133.1
234.4
132.0
261.9
Total ABia
1,364.2
1,595.5
1,836.5
1,895.5
1,764.1
1,782.5
1,811.8
1,825.4
1,842.1
1,860.8
1,848.3
19.1
58.1
75.6
38.5
59.2
89.6
43.3
38.2
57.7
110.7
7.0
86.8
47.2
118.6
59.7
23.6
86.5
95.7
35.4
44.2
45.1
38.5
99.7
41.6
47.0
45.2
39.4
99.0
37.3
44.4
47.6
38.1
97.5
47.7
43.6
47.1
32.7
94.0
44.4
45.9
48.6
31.4
97.1
58.6
42.7
52.0
36.2
95.1
56.8
44.3
53.6
33.4
101.8
25l*.5
297.lt
335.6
326.1
262.9
272.1
264.9
265.1
267.4
284.6
International.
1,527.8
1,61*1.1
1,584.9
1,629.4
1,801.9
1,773.9
1,792.8
1,769.9
1,752.2
1,781.9
Grand total.
8. 61*1*.
9,302.2
10,546.1
11,648.4
12,532.5r 12,526.1
12,574.6
12,931.0
12,853.2
12,694.5
Other countries:
Aus tralia
Belgian Congo
Egypt and Anglo-Egyptian Sudan.,
Union of South Africa
All other
Total other countries
1/
2/
1*1*.
5"*.5
Liabilities to countries not regularly reported separately are published
annually In the April Issue of the "Treasury Bulletin."
1950-1952 as reported by banks In the Second Federal Reserve District only.
Preliminary.
Revised.
289.8
1,818.
12,714.7
Treasury Bulletin
52
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners
(Position at end of period In milllone of dollars)
Country
.
.
.
.
May
.
.
.
1955
53
.CAPITAL MOVEMENTS.
Section
II -
Summary by Countries
Table 3.- Net Transactions in Long-Term Domestic Securities by Foreigners
(in thousands of dollars; negative figures Indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1954
1955
Country
1950
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Bepubllc of.
Greece
Italy
He ther lands
1951
18,435
12,611
-11,876
5,655
-58
-1*88
11
2
1*01
1*8
28
-80
-29
1,800
963
197,765
5,969
5,1*60
-1*1,668
16,992
-12
-113
-32
1952
1953
1*21
1954
1,813
-581
it,
November
060
35
l*,869
-643
1,021
-208
393
-202
-439
1,582
-5
-11*8
I*
154
551
183
60
21
-732
-6,327
1,921
lt90
-1*81
-22,171*
-21,91*3
-21,319
-101
-616
-34,339
-38,103
138
201
5,978
-l*,5l*2
1,1*61*
-142
893
-89
-4
486
36,722
62
-925
Sweden
Switzerland. ...
Turkey
-1,050
19,004
1
938
25
-49
-1,158
-933
B
Yugoslavia
Other Europe
158
598
229
-2
-9
-15
-26
2,956
93
18
274
-27,945
2,445
-42
-12
25
500
-4,232
706
56
-62
-5,025
16,603
6,688
-2,l*21r
998
4
226
35
38
116
30
87
368
119
-4
-20
244
13,011
-276
20,082
-43
379
10,237
38
-37
122
12,979
80
8,012
6,780
17,863
22,040
-7,197
47
2
56
1*91
925
800
-156
28
570
50,729
63
-521
57,086
-287
-532
73,1*02
1,1*16
1,187
11
4,518
-191
661
-1*5
1
181
-4,698
-186
151
631
26
-47
-8
-103
United Kingdom.
18
279
-103
-70
-9
-89
81*
February p
-7
1,146
-4
-414
-98
1*5,897
January p
123
1.1
1*19
1
-1.79
December
-6
-22
156
-50
-51
110
-3,378
Norway
Poland
Portugal
Rumania
Spain
U. S. S.
September
-11*9
63,981
21,369
70,1*31
71,258
69,766
-313
-3
-11*
-181.
5,933
.
.
-155
8,254
287
-1,798
-1,373
77
10,274
-1,791
-5,276
-4,913
-88
6,816
Total Europe.
.
347, "»93
9,21*5
111,1*67
62,323
138,928
7,322
8,565
17,909r
-19,119
44,043
47,955
1*58,236
-595,1*95
191,61*7
-120,617
-187,195
-4,541
-5,168
-2,265
-107,998
-5,263
76,304
-1,389
-962
-938
202
413
1,979
-474
181
39
284
144
50
328
74
24
25
68
-40
-710
-1,150
1,138
119
638
1,115
-1,519
37
338
1,550
637
510
1,268
358
281
-122
83
-51
103
-613
-253
177
24,641
213
6,051
1,785
170
154
-1*25
1*80
2,501
3,066
6
2,592
19,385
-1,029
-1,170
84,255
265
-1,267
624
-3,137
26
J*9
116
-39
6,421
Latin America:
Argentina.
Bolivia...
Brazil
Chile
Colombia.
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands W. Indies & Surinam
Panama, Republic of.
Peru
El Salvador
-101*
-356
761*
373
-81*
10,893
Uruguay
Venesuela
Other Latin America.
-5,01*8
871*
-10,921
2,558
4,213
2,309
Total Latin America.
30,111
13,890
-2,963
-153
2,337
7,011*
-61*8
1,068
1*12
-836
1*09
-886
1*36
873
-6,532
96
65
-2,1*21.
33
-82
257
-2
31
301
22
-235
70
252
9
-31
1
-9,007
-90
79
1,074
120
25,113
228
-58
30,719
6
88
-522
-355
4,245
197
-898
895
40
1,390
310
-187
-18
469
364
-190
2,304
59
1,343
362
2,382
849
-75
-2,813
356
347
1,170
-47
-885
1,279
1,759
105
-61
1,252
-717
-270
29,091
3,289
11
48
241
230
27
35
-11
-26
172
-11
-32
3
83
12
42
501
330
1,519
165
-316
396
96
1,591*
1,41*3
1,687
3,041
13,339
-119
-40
6,403
3,649
8,025
4,686
24,859
113,179
11,201
72
36,260
^,883
-98
-203
1,313
-153
853
-1,432
-404
-420
9
30
27
-5
-113
42
141
673
10
-110
9
70
-396
1,608
19
-69
-49
5,393
-404
-748
-3
33
-57
-94
343
-41
-550
1,063
-18
-6
-5
-47
25
-1
-685
-239
131
369
-26
-16
86
-12
-51
112
661.
2,680
21
3,450
-21
-6
-7
Asia:
China Mainland
Formosa
Bong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Bepubllc of.
Philippines
Thailand
Other Asia
Total Asia
-317
-267
252
160
-2,283
15
-1,552
-13,696
11*3
1/
-2,068
i/
875
101
543
491
i/
-11,422
i/
9
560
10
-849
76
27
241/
-71
11
-143
-7
61
149
-382
-180
877
-141
758
-1
49
-21
310
-7
21*7
1,737
599
481
2
-339
9
-92
-15,317
4,753
-9,535
70
3,451
483
69
1,419
257
186
82
210
541
2,326
-25
120
2
1
-138
-1,237
3,225
139
-1,368
I*
-179
-1,079
77
Other countries:
Australia
Belgian Congo
Egypt and Anglo -Egyptian Sudan.
Union of South Africa
All other
228
-359
2
-499
1,021
2,1*33
-111*
1,770
99
14
123
-903
-222
Total other countries
2,687
-71*1*
1,935
-889
-88
71
156
115
11*
-951*
168
-20
13
6
25
4
International.
121,220
-15,938
14,744
22,741
77,730
1,995
25,632
Grand total.
91*1*, 1*30
-584,289
314,944
•11,513
149,318
16,599
27,802
1/
Not reported separately prior to March 1954.
p
r
Preliminary
Revised
24
3
3
11
27
-9
13
-13
-147
3
-25
70
-172
465
721
-38
-178
10
622
597
-204
-566
-11,184
1,963
1,614
52,037r -143,168
69,887
129,350
127
122
Treasury Bulletin
5*
.CAPITAL MOVEMENTS.
Section
II
-
Summary by Countries
Table 4.- Net Transactions In Long-Term Foreign Securities by Foreigners
(In thousands of dollars; negative figures Indicate net sales by foreigners or a net outflov of capital fron the United States)
.
May
. i
.
.
1955
55
.CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners as of March 31, 1955
(Position In thousands of dollars)
Short-term liabilities payable In dollars
Country
To foreign banks and offlolal Institutions
Total
short -term
liabilities
U.
Deposits
Short-term
liabilities
payable In
foreign
currencies
To all other foreigners
S.
U. 8.
Treasury
bills and
certificates
Deposits
Tressury
bills and
certlf lostss
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of.
Greece
Italy
Bether lands
Noxvay
Poland
Portugal
Pumanla
Spain
ST !, 703
98,014
683
69,319
37,809
273,217
71*9,623
,1*11,127
130,1*55
611,151*
222,11*1
226,231*
51,1*69
1
38,309
299
1,285
21,01*7
39,000
7,100
,918
503,31*1
13,801*
378,1*1*2
820,800
23,000
299
60, .%l
35,781
692,063
1,403,331
123,<*15
583, 118
203,81*9
64, 330
1*1,31*6
2,1*27
2,030
66,051
6,607
82,292
91,865
8,152
92,581*
Sweden
Switzerland.
Turkey
U.S.S.B
united Elngda
121,321*
ol*9,317
Yugoslavia.
Other Europe.
7,983
357,325
Total Europe.
5,650,1*76
!*,
111*, 038
526,366
6,229
21,705
171*
100,271*
113 ,005
77,096
21,323
2,028
1,1*86
1*7,321
36,391
3&1*
381*
811*
8,391*
6,976
20U,089
2,028
56,208
7,065
11*1
7,01*0
1*07,060
62,153
122,276
16,038
3,985
27,950
18,288
22,978
397
25,807
1,536
10,259
1*6,983
11,875
l*,l*77
2
6l*,30l*
6,606
1,7!*7
1
8l,75l*
538
1*6,701
306,1*12
1*1,800
25,537
11*6, n't
73,81*0
1,1*86
5,308
5,622
121*
6,233
2,028
1*05
1,756
61*
53,11*8
2,314
6,887
6,798
18,385
746
178
1,352
731
21*0
o
9,329
3,555
1,372
236
210
576
373
25,806
1,536
10,208
22
2
6,586
11 4, 81*1*
3,616
575
1,257
5,865
125
985
103,326
906
33, 011
16,106
36,51*5
ll*,523
21,030
51*0
7,161
121,966
3,616
303
ll*i», 6 1*9
I.
6
7
9
1*6
33
303
21*8,881
1
86
2
1,21*6
5,689
1,175
355,953
230,681*
116,251
71
9,018
7,1*95
31*6,293
301*
1*88
488
180,390
71,968
11,026
10,191*
631
,31*9
7,191
93,935
2,020,031
2, l*2U, 1*55
538,863
630,582
485,896
128,580
1,320,91*7
1,082,515
386,332
678,563
17,620
233,178
172,061
60,263
Argentina.
Bolivia...
Brazil....
Chile
Colombia.
151,682
26,253
95,092
73,372
97,621
110,759
10,976
27,150
110,11*0
619
1*0,887
10,893
83
21*, 298
2,852
15,277
67,275
27,61*9
25,035
62,615
2,6ll*
62,886
Cubs
Dominican Bepubllc
Guatemala
Mexloo
Netherlands W. Indies & Surinam.
232 ,251
63 ,061
163,185
36,363
148,453
35,686
11,600
1*1* ,522
363 ,321*
44 ,807
21*, 731*
13,!>07
233,769
218,762
31,810
8,200
1,636
It, 000
.
9,81*7
1,5"*9
637,81*5
983
5,254
Latin America:
Panama Fepubl l o of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
Total Latin America
,
China Mainland.
Formosa
Hong Kong
India
Indonesia
Irsn
Israel
Japan
Korea, Bepubllc of.
Philippines
Thailand
Other Asia
Total Asia
82 ,*H5
82 ,11*8
1*2
,61*3
39,331*
27,01*6
31,763
27,778
271
26,955
31,703
10,1*61
3,132
677
3,127
13,371
5,1*73
19l*
2,083
125
2,571
3,076
150
12,175
2,761*
52
19
17
1,876
367
751,309
722,192
18,363
10,751*
3,110
25I1
7,088
5,H*7
7,088
1,289
1,676
10,833
33,1*68
32,789
3,002
1,736
1*7
9,926
2,765
28,872
28,253
26,365
66,442
31*2
28,302
1*6,272
38,810
1*9
61,195
27,651*
71,1*56
97,651
68,118
95,915
1*0,063
30,137
30,090
1*5, 027
1*2,272
1*1,1*63
1
715,517
692,171
98,698
6511,888
97,698
219,323
15,900
1,000
3,060
103,71*8
21,800
30,251*
1*7,178
23
321*
79,1*12
1*1,671
29,1*68
21*, 021*
50,715
107
1*1*, 1*51*
36,556
1*3,661
26,698
19,658
128,917
5,323
91,639
33,1*1*9
52,729
lit
8,1*01
1*5,573
,271*
15
l»,085
1*6,910
56,821
616
51*
939,991
201,630
7
68,1*21
11*, 81*9
1,032,1*71*
1,51*5,01*1*
36
5
5
36,128
1,786,893
1,706,627
70
1*0,267
6,671*
261,91*1*
36
667
ll*,865
81,139
66,156
1,81*8,320
15,276
1,582
11*, 800
82,721
81,231
128,303
231,138
129,1*35
55,369
50,379
1*2,1*78
23"*, 1*51
69,052
26 ,698
19,7&8
91
60
2,517
2,652
!>5,130
131,971*
728
3,521*
85 ,l*ll*
176 ,236
126 ,052
99,891*
253,581*
1*5,723
31*,
10
1
501
1*0,837
66,771*
1*5,682
3l*,653
808
21,383
3,002
1,736
23,31*2
1,196
16
5,11*7
9,926
2,762
23,303
1,196
18, ew*
679
73
336
3
39
180
I*
50
59
12,068
19,071*
21,11*2
2,755
8,366
3,671
30,735
30,1*1*3
221*
66
71
102,101*
59,!*79
11*1,150
139,907
1*07
836
543
11,775
3,561*
3,086
1*78
6,51*2
1*09
50
61
7,697
613
3,558
2,807
17,867
3,528
2,801
16,201
29
6
1
6
1,660
696
26,125
28,1*09
26,025
513
1,871
1,965
30,1*21
47,417
3,671
Other countries
Australia
Belgian Congo
Egypt and Anglo-Egyptian Sudan.
Union of South Africa
All other
53,550
1*9,95"*
33,1*02
101,798
29,892
83,235
26,804
6,931
75,228
10,700
13,095
23,100
22,900
310
Total other countries
289,81*5
259,1*71
163,21*1
70,105
1*1*
528
201*
International.
1,818,21*9
1,815,878
105,031
1,702,056
8,791
2,371
871
1,500
Grand total...
12, 71U, 730
10,880,311*
5,159,670
5,024,193
696,1*51
1,786,999
1,51*6,952
209,626
38
703
Treasury Bulletin
56
.CAPITAL MOVEMENTS.
Section III
-
Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of February 28,
1955
(Position In thousand* of dollars)
Short-term claims payable In foreign
currencies
Short-term claims payable In dollars
Country
Collections
outstanding
for ovn
account and
domestic
Loans to:
Total
short-tern
Foreign
banks and
official
Institutions
Deposits of
reporting
banks and
domestic
customers with
foreigners
cuet
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
1,190
19,057
18,1.16
100
689
5
980
5,6*1
12,081
641
631
9,141
2,042
9,071
2,042
282
22
99*
95
666
282
7,129
1,643
70
69
Trance
Germany Federal Republic of
Greece
Italy
Netherlands
11,989
78,496
3,3*2
21,929
18.0U1
10,109
73,132
3,3*2
21,674
15,195
881
8,588
2,385
2,172
897
3,»3*
79
1,938
9,219
2,445
2,513
10,059
4,905
53,153
1,880
5,36U
575
5,362
11,068
*,376
255
2,8U6
232
2,775
2,898
2.797
5*0
101
101
30
*9
17
951
30
825
1,306
30
956
2
3,6*7
3,361
21,862
67,*68
2,517
3,123
14,858
66,276
1,888
135
*,639
64,786
1*
16
7,039
,
lorvay
Poland
Portugal
Rumania
Spain
Sweden
Switzerland
Turkey
U.S.5.R
United Kingdom
1,190
905
4,659
681
1
109
14
51
50
1U6
469
1,130
2,513
2,308
1,485
459
872
5
7,004
1,192
1,130
231
6,923
1,192
2
2
238
117,605
33,712
14,104
1,908
9,1*0
8,560
83,893
61,647
TugoelaTla
Other Europe
6,152
5,296
6,150
5,075
6,075
1,056
2
2,535
75
1,063
421
221
2
182
Total Europe
39*, 50*
289,616
9,17*
21,596
52,281
106,565
104,888
81,102
105,315
*8,356
6,672
17,106
4,869
19,709
56,959
53,164
Argentina
Bolivia
Brazil
Chile
Colombia
5,790
2,196
2*9,337
11,885
89,510
5,75*
2,196
2*9,308
11,885
89,501
966
10
1*3,961
3,837
12,72*
1,019
160
17,580
1,985
11,938
3,768
2,026
3*,579
3,*21
37,533
36
36
53,188
2,642
27,306
29
25
Cuba
Dominican Republic
Guatemala
Hexloo
Retherlands Vest Indies a Surinam
*7,6*9
3,823
3,832
111,012
4,742
47,375
3,821
3,832
109,93*
4,742
29,028
1,308
255
30,0*3
79
2,826
285
6U
15,693
3,531
10,104
2,080
2,984
10,170
1,132
5,*17
148
529
5*, 078
274
219
11,695
1*,53*
7,200
6,389
72,969
23,*05
*9
Venezuela
Other Latin Amerloa
11,696
14,660
7,200
6,500
75,880
23,»*7
1,208
407
2,958
10,309
1,161
8,793
89*
578
1,219
21,310
3,424
2,322
9,260
2,758
1,423
31,255
15, 708
531
3,172
3,*57
789
10,095
2,052
42
107
400
39
Total Latin America
669,159
664,590
238,303
91,299
171,583
163,405
4,569
1,761
2,617
5,»63
3,339
*,358
1,367
2,617
5,**1
3,259
3,9*8
1,367
2,617
5,*12
21
52
982
533
»76
8
2,674
2,36*
1,367
126
22
80
410
404
18,700
8,3*0
60,325
U50
8,581
3,188
l,6lS
28,016
83
1,30*
16,352
Korea, Rspubllc of
Philippines
18,713
8,3*0
60,327
*50
8,653
15,429
1,036
8,547
446
4,389
Thailand
Other Asia
11,172
35,16*
11,172
35,091
9,*89
27,255
723
291
950
7,305
240
Total Asia
159,963
159,291
82,709
19,783
**,515
12,284
11,663
5,962
882
8,255
10,793
10,257
5,936
825
7,950
10,299
28
117
206
1,351
*,725
13
5,*22
296
62
406
681
1,406
26
57
305
494
978
10
317
1,621
4,794
5,523
557
5,876
3,272
37,555
35,267
6,*27
1,951
20,022
6,667
2,288
1,531
1,366,1196
1,197,120
**3,285
151,735
293,270
308,830
169,376
138,211
Canada
Latin America:
Panama, Rspubllc of
Peru
Kl Salvador
Uruguay
4
2
1,028
1
126
111
2,911
814
117
Asia:
China Mainland
Formosa
Hong Kong
India
Indonesia
Iran
Israel
Japan
Other countrlss:
Australia
Belgian Congo
Egypt and Anglo-Egyptian Sudan
Union of South Africa
All other
Total other countries
4,076
22
73
13
13
4,382
7,410
2
2
116
72
66
10
73
"672~
73
653
56
124
363
International
Grand total
)
May 1955
57
.CAPITAL MOVEMENTS.
Section III - Preliminary Details by Countries
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners during February 1955
(
In thousands of dollars
:
Treasury Bulletin
58
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Balance sheet data of corporations In which the
United States Government has a proprietary Interest,
activities appeared In the April
as Tables 1,
2,
and
1955 "Treasury Bulletin"
3.
direct or Indirect, and of certain other business-type
Table 4.- Income and Expense for the Six Months Ended December 31, 1954
(to thousands of dollars)
Corporations
Department Department
of Commerce of the
Interior
Department of
Agriculture
Grand
total
Total
corporations
Income:
Sale of commodities and supplies
Sale of services
Rents and royalties
Interest and dividends:
Interest on loans
Interest on public debt obligations
Interest, other
Commodity
Credit
Corporation
Federal
Crop
Insurance
Corporation
Inland
Waterways
Corporation
21
241
30
,027,938
125, 384
28,575
778,976
114,175
3,966
575,287
385,450
32,885
16,000
100,938
131,628
126,641
29,182
1,539
253
65,074
2,296
13
381
8,069
43,210
8
381
223
40,146
28,538
69
1,900,471
1,160,562
607,328
22,850
Cost of commodities and supplies sold
1,300,762
Direct operating costs
137,901
Interest expense:
On borrowings from the U. S. Treasury
119,995
Other
15,175
Administrative expenses
79,641
Depreciation (not included In cost of sales or
direct operating costs)
18,077
Grants, subsidies, and contributions:
Direct
85,320
Indirect
Guaranty and Insurance losses
28,567
Other expenses
83,753
Losses and charge-offs:
Loans charged off
5,730
Other assets charged off
6,562
Losses on sale of fixed assets
82,802
Losses on sale of Investments
9
Losses on sale of acquired security or collateral
3,622
Direct charges to operating reserves
Other
4,480
1,049,531
104,447
897,929
Total expense
1,972,396
Dividends
Guaranty and insurance premiums
Other Income
Gains on sale of fixed assets
Gains on sale of investments
Gains on sale of acquired security or collateral
Other
Total Income
Virgin
Islands
Corporation
Department
of Justice
Federal
Prison
Industries,
Inc.
6,773
160
71
1,205
22,710
5
57
65
354
8,838
13
161
7,177
272
Expense:
Net Income, or loss (-), before adjustment of
valuation and operating reserves
271
419
30 37
71,758
14,985
34,134
28,127 2/
16,588
113
31,633
63
28,567
44,150
27,450
1
488
298
3*
1,400,035
966,113
32,550
-71,926
-239,473
-358,786
-9,701
948
149
1,166
9
11,646
3,530
59
169
28,567
310
1,972
543
7,930
152
-190
908
9_
Adjustments of valuation and operating reserves:
Rsserve for losses
Reserve for losses
collateral
Reserve for losses
Reserve for losses
Operating reserves
Other reserves
on loans
on acquired security or
on fixed assets
on commodities and supplies.,..
Net adjustment of valuation and operating reserves
Net income, or loss (-)
32,051
30,711
30,252
-10,639
2,151
-25,256
69,760
17,466
-294
1
-25,256
153
12,465
-25,256
85,533
17,780
17,660
-202
13,607
-221,693
-341,126
-9,903
152
-189
-839,191r 1,092,306
-85,970
-16,390
-615
13,373
-9,903
152
-1B9
908
12,664
908
Changes In unreserved earned surplus or deficit:
Unreserved earned surplus, or deficit (-),
June 30, 1954
Net Income, or loss (-), for the six months ended
December 31, 1954
Transfers to surplus reserves
Transfers from surplus reserves
Distribution of profits:
Treasurer's account - deposit of earnings
Dividends
Other
Prior year adjustments
Unreserved earned surplus, or deficit (-),
December 31 , 1954
Footnotes at end of Table 5.
3,832,907r
60,683
-245,121
-47,457
35,683
-296,297
-108,670
-74,889
654,499
-108,670
-72,586
406
3,567,388
-1,276,938
77,651
-47,1*57
-341,126
-2
-1,250
343
-1,433,432
-95,873
(Continued on following page)
-16,238
-461
13,031
May 1955
59
.CORPORATIONS AND CERTAIN OTHER BUSIKESS-TYPE ACTIVITIES.
Table 4.- Income and Expense for the Six Months Ended December 31, 1954
(Continued)
(in thousands of dollars)
Corporations
Department of the
Treasury - (Continued) 5JReconstruction Smaller
World War II
Finance
War Plants
and producCorporation
Corporation tion programs
(in liquids
(in liquida- in liquidation) 6/
tion) J/
tion 6/
Sale of commodities ana supplies
Sale of services
Rents and royalties
Interest and dividends:
Interest on loans
Interest on public debt obligations...
Interest, other
Dividends
Guaranty and insurance premiums
Other income:
Gains on sale of fixed assets
Gains on sale of investments
Gains on sale of acquired security or
collateral
Other
1,111
6
6,06U
27
1,736
(Continued)
.
1.02U
Total Income
-
Export-Import Bank
Farm Credit Administration
or WwflMn
lagto
Defense
Federal
Federal
Regular
RFC assets Banks
Production
Farm
interlending
in liqui- for
Act of
Mortgage
mediate
actividation 8/ cooperaCorporacredit
1950, as
ties
tives
amended
tion
banks
U30
U.teU
2U7
1*3,206
to
535
6,286
530
369
3,U56
698
35
7
253
276
37
206
#
6,85U
535
20
13,030
206
520
3
It
5,832
29^
uao
1,286
9,201
1,07b
»H3
575
1,61*4
1*3,208
Expense:
Cost of commodities 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 or
direct operating costs)
Grants, subsidies, and contributions:
Direct
Indirect
Guaranty and insurance losses
Other expenses
Losses and charge-off a:
Loans charged off
Other assets charged off
Looses on sale of fixed assets
Losses on sale of investments
Losses on sale of acquired security or
collateral
Direct charges to operating reserves
Other
,
,
14
,
190
L9
179
2,766
317
6,831
lt,088
258
2,370
115
258
2,372
49,996
16,506
30,060
4,115
258
2,372
14,764
32,432
-2M.
,
*5
,
,
265
1,780
1,585
1,850
13,561
209
-lilt
29,6lt7
201t
115
-lilt
29,6lt7
20lt
115
,
Total expense
Net income, or loss (-), before adjustment of
valuation and operating reserves
Adjustments of valuation and operating reserves:
Reserve for losses on loans
Reserve for losses on acquired security or
collateral
Reserve for losses on fijced assets
Reserve for losses on commodities and supplies
Operating reserves
Other reserves
It
,
It,
It
79
,
Het adjustment of valuation and operating
reserves
Bet income, or loss (-).
C hanges
27
It,lt79
26
250,000
-36,909
4,479
26
It,
Id unreserved earned surplus or deficit:
Unreserved earned surplus, or deficit (-),
June 30, I95I*
Het Income, or loss (-). for the six months
ended December 31, 1954
Transfers to surplus reserves
Transfers from surplus reservee
Distribution of profits:
Treasurer's account - deposit of earnings...
Dividends
Other
Prior year adjustments
Unreserved earned surplus, or deficit (-),
December 31, 1954
Footnotes at end of Table 5.
y
145
29,647
204
115
-772
154,479
-36,884
29,647
(Continued on folloving page)
349
113
53,340
r
Tt easury
6o
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 4.- Income and Expense for the Six Months Ended December 31, 1954
(In thousands of dollars)
-
(Continued)
May
61
1955
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 4.- Income and Expense for the Six Months Ended December 31, 1954
-
(Continued)
Treasury Bulletin
62
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 4.- Income and Expense for the Six Months Ended December 31, 1954
(In thousands of dollars)
(Continued)
May
1955
63
nnp-POPATTONS arm nrpf aj^ A«rHpp FrcjjTF^c:-
Table 4.- Income and Expense for the Six Months Ended
(in thousands of dollars)
64
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 4.- Income and Expense for the Six Months Ended December 31, 1954
(In thousands of dollars)
(Continued)
)
.
May 1955
65
-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 4.- Income and Expense for the Six Months Ended December 31, 1954
(
Certain other business-type activities
-
Defense Production Act of 1950, as amended
Department
of the
Air Force
Sale of commodities and supplies
Sale of services
Bents and royalties
Interest and dividends:
Interest on loans
Interest on public debt obligations...
Interest, other
Dividends
Guaranty and Insurance premiums
Other Income:
Gains on sale of fixed assets
Gains on sale of investments
Gains on sale of acquired security or
collateral
Other
(Continued)
In thousands of dollars
Department
of the
Army
Department
of
Commerce
Department
of the
Interior
Department
of the
Navy
(Continued)
-
(Continued)
Department
of the
Treasury
General Services
Administration
Loan
guarantees
Revolving
fund 2^/
23* ,617
1,754
53
3,9^5
1,711
1,061.
296
1,064
312
735
593
.
Total income
75
75
14
32
788
3,977
593
238,097
Expense:
Cost of commodities 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 or
direct operating costs)
Grants, subsidies, and contributions:
Direct
Indirect
Guaranty and Insurance losses
Other expenses
Losses and oharge -offer
Loans charged off
Other assets charged off
Losses on sale of fixed assets
Losses on sale of Investments
Losses on sale of acquired security or
collateral
Direct charges to operating reserves
Other
Total expense
239,567
7,664
160
73
61
678
1,597
51
7,254
81»
1,204
1,180
775
-It
20
73
Net income, or lose (-), before adjustment of
valuation and operating reservee
61
838
51
1,681
992
251
-763
736
2,297
589
-19,561*
-992
-251
-992
-251
2,297
"589"
-19,568
257,661
Adjustments of valuation and operating reserves:
Reserve for losses
Reserve for losses
collateral
Reserve for losses
Reserve for losses
Operating reserves
Other reserves
on loans
on acquired security or
on fixed assets
on commodities and supplies.
Net adjustment of valuation and operating
reserves
Net Income, or loss (-).
'
-736
-736
~^fsr
^hangoB In unreserved earned surplus or deficit:
Unreserved earned surplus, or deficit (-),
June 30, 1951*
Net Income, or loss (-), for the six months
ended December 31, 1954
Transfers to surplus reserves
Transfers from surplus reserves
Distribution of profits:
Treasurer's account - deposit of earnings...
Dividends
Other
Prior year adjustments
Unreserved earned surplus, or deficit (-),
December 31, 1954
Footnotes at end of Table 5.
-3,112
-5,609 r
2,898
-92,464 r
-763
2,297
589
-19,568
-3,875
-3,313
3,^86
-112,380
-348
66
Treasury Bulletin,
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 5.- Source and Application of Funds for the Six Months Ended December 31, 1954
(In thoueanda of dollars)
May 1955
67
,
Table 5.-
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Source and Application of Funds for the Six Months Ended December 31, 1954
(In thousands of dollars)
-
(Continued)
:
.
:
:
)
.
6S
Treasury Bulletii
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 5.- Source and Application of Funds for the Six Months Ended December 31, 1954
-
(Continued)
(in thousands of dollars)
Corporations
Pars Credit
Administration (Continued)
Production
credit
corporations
-
(Continued)
Housing and Bone Finance Agency
Federal
Deposit
Insurance
Corporation
Home Loan Bank Board
Federal
Rational
Mortgage
Association
2/
Federal
home
loan
banks
Federal
Savings
and Loan
Insurance
Corporation
Public
Housing
Administration
10/
Pi
Canal
Company
Saint Lawrence
Seaway Development Corporation
Funds applied:
To acquisition of aaeete:
Loans made
Purchase of investments
Public debt obligations
Other securities
Purchase, construction, or Improvement of
fired assets
Cost of acquiring collateral on defaulted
loans
Other
Total acquisition of assets
To expenses (excluding depreciation and other
charges not requiring funds
1
I.71.
371,580
198,11*9
1*88,722
1.38,225
136,003
16,528
2k8
16
3,616
6W
61*0
1,081.
l>7k
85"»
199.23U
371,596
926,91.7
16,530
136,251
3,616
878
32,705
8,680
1,065
36,850
38,327
1*1*,
To retirement of borrowings and capital, and
distribution of surplus:
Repayment of borrowings
To U. S. Treasury:
By cash
100,825
220,000
By cancellation of notes
To other Government corporations and
agencies
To the publlo
Repayment of capital and surplus:
To U. 3. Treasury
To others
Treasurer's account - deposit of earnings..
Dividends
Other distribution of surplus
55,110
36
6
223
71,820 16/
Total retirement of borrowings and capital,
and distribution of surplus
10,000
220,0Ul
605
10,000
5,te0
220
193,868
61,355
30,993
93,2m
21,621
11,081*
29,226
1
275,105
691,1.10
1,018,603
28,678
1*22,370
211,009
296,328
To increase In working capital and deferred
1
tema
Other funds applied
Total funds applied
1,1*27
360
51,9t3
1,000
Funds provided:
By realization of assets:
Repayment of loans
By cash
By cancellation of corporation notes .
Sale or collection of Investments:
Public debt obligations
Capital of Government corporations....
Other securities
Sale of fixed assets
Sale of acquired security or collateral.
Other
Total realisation of assets.
By income
3U6
182,900
1*69,730
U58
222,531
16,950
6,901
28,705
281
1,133
801.
181., 051.
&3
91,051
211,011
772,958
16,950
251,235
281
VA
15,668
11,728
l*,837
1*2,093
50,
By borrowings, capital and surplus subscriptions, and appropriations:
Borrowings:
From U. S. Treasury
From other Government corporations and
337,133
agenc les
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
92,820
212,000
1
17,977
71,298
Total borrowings, capital and surplus subscriptions, and appropriations
!*29,955
Footnotes at end of table
1,000
166,298
229,977
By decrease in working capital and deferred
items
Other funds provided
Total funds provided
1,000
95,000
9,"*93
75
i,te7
275,105
691,1*10
1,018,603
28,678
(Continued on following page)
1^2,370
51,91.3
1,000
May
1955
69
-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 5.- Source and Application of Funds for the Six Months Ended December 31, 1954
(In thousand a of dollars)
-
(Continued)
Treasury Bulletin
70
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 5.- Source and Application of Funds for the Six Months Ended December 31,
(In thousands of dollars)
1954
-
(Continued)
::
May
)
:
1955
71
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Table 5.- Source and Application of Funds for the Six Months Bided December 31, 1954
(
Csrtain other business-type activities
General Services
Administration
Abaca
fiber
program
20/
-
(Continued)
In thousands of dollars
Public Works
Administration
(In liquidation)
-
(Continued)
Housing and Home Finance Agency
Office of the Administrator
Federal
Housing
Administration
Housing loans
for educational
institutions
Public
facility
loans
Revolving fund
(liquidating
programs ) 21/
Urban
renewal
fund 22/
Funds applied:
To acquisition of assets:
Loans made .........
Purchase of investments:
Public debt obligations
Other securities
Purchase, construction, or Improvement of
fixed assets
Cost of acquiring collateral on defaulted
loans
Other
842
15,903
15,812
73,648
12
276
1,666
9
43,042
276
To expenses (excluding depreciation and other
charges not requiring funds )
116, 711
15,903
95
2,602
15,812
1,294
Total acquisition of assets
16,309
927
14,679
2,321
To retirement of borrowings and capital, and
distribution of surplus:
Repayment of borrowings
To U. S. Treasury:
By cash
By cancellation of notes
To other Government corporations and
agencies
To the public
Repayment of capital and surplus:
To U. S. Treasury
To others
Treasurer's account - deposit of earnings..
Dlv ldends
Other distribution of surplus
7,799
5,001
2,985
65,172
757
41
37
1,155
3,635
Total retirement of borrovlngs and capital,
and distribution of surplus
1,912
71,793
12,879
To Increase In working capital and deferred
items
38
Other funds applied
Total funds applied.
18,963
18,555
17,393
3
1,950
204,813
16,830
48,718
18,132
522
5,007
3,755
Funds provided
By realization of assets:
Repayment of loans:
By cash
By cancellation of corporation notes..
Sale or collection of Investments:
Public debt obligations
Capital of Government corporations....
Other securities
Sale of fixed assets
Sale of acquired security or collateral.
757
3,500
6
131
5,518
*
5,168
Other
1
Total realization of assets.
888
By Income
8,675
1,062
69,672
10,526
"949"
22,018
3,755
"585"
5,001
11,172
1,052
522
1,869
16,173
11,869
By borrowings, capital and surplus subscriptions
and appropriations:
Borrowings
From U. S. Treasury
From other Government corporations and
agencies
From the public
Capital and surplus subscriptions:
By U. S. Treasury
By others
Cancellation of notes to U. S. Treasury
General Fund appropriations - expended
Other
15,000
,
3,375
17,35">
Total borrovlngs, capital and surplus subscriptions, and appropriations
20,729
By decrease In working capital and deferred items
Other funds provided
18,963
359
204,813
16,830
17,366 28/
Total funds provided
15,000
105,737
Footnotes at end of table.
5"*5
1,950
(Continued on following page)
11
1,924
48,718
13,132
Treasury Bulletin
72
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 5.
Source and Application of Funds for the Six Months Ended December 31, 1954
(in thousands of dollars)
(Continued)
^iay 1955
73
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 5»- Source and Application of Funds for the Six Months
(In thousands of dollars)
Treasury Bulletin
7*
-CORPORATIONS AND CERTAIN OTHER BUSIKESS-TYFE ACTIVITIES.
Footnotes for Table 4, income and expense statement, and
Table 5, source and application of funds statement
1/
This Corporation was organized in accordance with Executive Order
Ho. 10539, dated June 22, 195**, which authorised and directed the
Secretary of the Treasury to cause to be organized a corporation
under the authority and subject to the provisions of Section 10 of the
Rubber Act of 19**8, as amended (^0 U.S.C. App. 1929). By Executive
Order No. 10539, the President transferred the synthetic rubber and
tin programs from the Reconstruction Finance Corporation to this Corporation, effective at the cloee of business June 30, 195 *. Any
funds surplus to the needs of this Corporation shall be paid Into
miscellaneous receipts of the United States Treasury,
Includes $500 thousand interest accrued on capital stock.
Represents Interest an advances from appropriations and on paid-in
capital.
The cumulative unreserved surplus or deficit cannot be segregated from
the equity of the United States Treasury In this Corporation.
War Damage Corporation (in liquidation), shown under this heading on
pages 62 and 63 in the April 1955 "Treasury Bulletin," did not have
any activity during the first six months of the fiscal year 1955.
In accordance with the act approved July 30, 1953 (67 Stat. 230), effective July 1, 195 *, the Secretary of the Treasury became responsible
for the liquidation of all lending functions and World War II and
production programs of the Reconstruction Finance Corporation, after
giving effect to transfers of certain assets and liabilities to other
agencies by Reorganization Plan No. 2 of 195 *.
Beginning on July 1, 195 *, this Corporation, which was transferred to
the Reconstruction Finance Corporation on January 28, 19k6, for liquidation, has been In liquidation under the direction of the Secretary
of the Treasury.
Figures for source and application of funds are
shown on a net basis.
Pursuant to Reorganization Plan No. 2 of 195 *, effective at the close
of business June 30, 195**, ^h° foreign loans and certain other "ssets
and liabilities of the Reconstruction Finance Corporation war* transferred for liquidation to the Export -Import Bank of Washington.
Pursuant to the act approved August 2, 1951* (68 Stat. 622), the
functions of the Housing and Home Finance Administrator, Including the
function of making payments to the Secretary of the Treasury, under
Section 2 of Reorganization Plan No. 22 of 1950, together with the
notes and capital stock of this Corporation held by the Administrator
were transferred to this Corporation. Includes activities in connection with the liquidation of the Defense Homes Corporation, and activities in connection with the liquidation of other assets and
liabilities which were transferred from the Reconstruction Finance
Corporation, pursuant to Reorganization Plan No. 2 of 195 *, effective
at the close of business June 30, 195**Represents activities under the United States Housing Act, as amended.
Figures in this column are shown an a tentative basis.
Represents accrual of Interest In lieu of dividends on capital stock.
Represents interest on the net direct investment of the Government In
the Corporation (see footnote 11).
Interest and administrative expenses during the construction period
are capitalized.
Represents net income of $17,963 thousand from power operations, and
16/
17/
18/
1
2/
2/
kj
5_/
6/
19/
20/
21/
1
-
1
2/
6/
9_/
1
10/
11/
12/
13/
Ik/
15/
1
22/
1
1
net loss of $2,0'i8 thousand from nonlncome-produclng programs during
the flrBt six months of the fiscal year 1955.
Represents payment of surplus to the United States Treasury.
Department of the Army - guaranteed loans (World War II), shown In
Table 5, did not have any income or expense during the first six
months of the fiscal year 1955.
The cumulative unreserved surplus or deficit cannot be segregated
from the Government's equity in the activity, which consists of expended appropriations and cumulative unreserved surplus or deficit.
This figure will not agree with the corresponding figure shown as
excess of Income, or expense (-), in the total column of the balance
sheets of certain other business-type activities which appear In the
April 1955 "Treasury Bulletin," because this figure excludes reserve
for amortization held by the General Services Administration - Revolving fund, amounting to $11,5^0 thousand.
By Executive Order No. 10539, dated June 22, I95U, the President
transferred this program from the Reconstruction Finance Corporation,
effective at the close of business on June 30, 195**.
Consists of advance planning on non-Federal public works; Alaska
housing program; defense community facilities and services; defense
housing; Farm Security Administration program; maintenance, etc.,
defense public works; prefabricated housing loans program; public war
housing program; and veterans' re-use housing program. In accordance
with the act approved June 2U, I95I* (68 Stat. 295), » revolving fund
was established, effective July 1, 195 *, for use In connection with
the liquidation of these activities.
In accordance with Title III of the act approved August 2, 195**
(68 Stat. 622-623), the authorizations, funds, and appropriations
made available pursuant to Sectlonsl02 and 103 of the Housing Act of
19l*9, as amended (U2 U.S.C. IU5I-IU52) , shall constitute a fund, to be
known as the "Urban renewal fund," and shall be available for advances,
loans, and capital grants to local public agencies for urban renewal
projects In accordance with provisions of this Title, and all contracts, obligations, assets, and liabilities existing under or
pursuant to said sections prior to the enactment of the act approved
August 2, 195 *, ore transferred to the fund.
Pursuant to Reorganization Plan No. 2 of 195**, effective at the cloee
of business June 30, 195**, this program was transferred from the
Reconstruction Finance Corporation.
Represents interest an funds advanced to the Adminl strati on by appropriations
Represents revolving fund, defense materials procurement activities.
Represents purchase of commodities and other costs.
Represents sales and exchange of commodities.
Represents transfer of Investment of the United States Government in
this program from the Reconstruction Finance Corporation.
Represents borrowings from the United States Treasury by the Reconstruction Finance Corporation which were transferred to this Administration in accordance with Reorganization Plan No. 2 of 195**, effective at the cloee of business June 30, 195 *.
Leas than $500.
Revised.
1
23/
2k/
.
25/
26/
27/
2o/
2ff/
1
*
r
May
Wi
75
.CUMULATIVE TABLE OF CONTENTS.
June 1954 through May 1955
.
Treasury Bulletin
76
.CUMULATIVE TABLE OF CONTENTS.
June 1954 through May 1955
-
(Continued)
Issue and page number
195U
June
July
Aug.
Sept.
1955
Oct
Jan.
Feb.
Mar.
Apr
31
Treasury savings notes:
Cumulative sales and redemptions by series
Sales and redemptions by periods, all series combined.
25
25
2C
26
26
26
27
26
27
28
28
25
25
25
25
26
26
25
25
25
25
31
26
26
27
26
26
32
31
26
27
27
28
26
27
26
27
32
32
26
27
13
28
28
29
30
30
25
a
Ownership of Federal securities:
Distribution by classes of Investors and types of Iseues
Het market purchases or sales for Investment accounts handled
the Treasury
Estimated ovnershlp
26
33
Treasury survey of ownership of Federal securities:
Ovnershlp by banks, Insurance companies, and others
Ownership by commercial banks classified by membership In Federal
Beserve System (latest date December 31, 195U)
28
28
3*
32
Market quotations:
End -of -month closing quotations on Treasury securities by Issues..
Chart - Yields of Treasury securities
32
38
32
3U
33
39
32
35
3U
liO
39
uo
35
36
36
37
3b
Ul
37
U2
U3
38
39
38
39
UO
37
38
39
••5
Ul
Ul
U2
U2
U3
UU
U2
U3
U3
Ul
US
llS
U2
U2
U2
41.
U3
UU
UU
37
32
3U
Average yields of long-term bonds:
Average yields of Treasury and corporate bonds by periods.
Chart - Average yields of Treasury and corporate bonds
35
Ul
35
35
36
Internal revenue collections:
Summary by principal sources
Chart - Internal revenue collections by principal sources.
Detail of collections by type of tax
37
37
38
39
38
ul
Ul
te
U2
ua
U3
1(2
U7
1*0
U3
kk
kB
kg
U7
U3
39
37
38
39
UU
U5
Monetary statistics:
Money In circulation
Monetary stocks of gold and s liver
Gold assets and liabilities of the Treasury
Components of silver monetary stock
Seigniorage on silver
Increment from reduction In weight of gold dollar (latest date
March 31, 195"*)
Ml
U6
"7
48
U5
l»3
47
4£
48
U9
so
49
U5
50
50
U6
U7
51
Exchange Stabilization Fund (latest date December 31, 1954):
Balance sheet
Income and expense
52
Capital movements between the United States and foreign
countries:
Summary by periods since 1935
Summary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Purchases and Bales of long-term securities by foreigners,
latest month
Short-term liabilities and claims reported by nonflnanclal concerns
Long-term liabilities and claims reported by banks and bankers
Estimated gold and short-term dollar resources of foreign countries
and International lnstl tltutlons
Foreign credit and debit balances In brokerage accounts
Short-term liabilities, countries and areas not regularly reported.
U8
U6
50
sU
U8
52
53
55
59
y.
5"»
60
56
^s
61
50
52
56
57
U6
U8
58
5U
57
c
'3
5U
56
U9
51
55
56
U6
U6
U8
U8
52
53
52
53
60
61
57
5k
5U
62
50
52
SO
57
58
59
55
59
56
S2
60
61
so
61
Corporations and certain other bus iness-type activities:
Balance sheets and loans by type (latest date December 31, 195U).
Income and expense (latest date December 31, 195M
Source and application of funds (latest date December 31, 195U)..
'•7
56
56
66
GPO 3438
17
G.p. 2_
Treas.
HJ
10
.A2
1955
c.2
U.S. Treasury Dept.
Treasury Bulletin
US TREASURY
LIBRARY
111
1
II
0031986
@FedFRASER