Full text of Treasury Bulletin : May 1957
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.'I'li
iltiiiiiii
LIBRARY
JAN
3
1958
TREASURY DEPARTMENT
LfBRARY
JUN
^mmy
9,
3 7972
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
WEAWMYmiLILIETnN
MRv-iaav
JKKIV!
5023
MAY 2
9 1957
UNITED STRTES TRERSURV DEPRRTMENT
OFFICE DF THE
SECRETRRV
The Treasury Bulletin is for sale by the
Superintendent of Documents,
U. 3. Government Printing Office, Washington 25, D. C.
Subscription per year $5.00 domestic, $6.25 foreign.
Single copy price varies.
May
mi
Table of Contents
Treasury financing operations
Page
A-1
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
6
Cash income and outgo
ill-
Debt outstanding and Treasurer's account
20
Statutory debt limitation
2h
Debt operations
25
United States savings bonds
33
Ownership of Federal securities
38
Treasury survey of ovmershlp of Federal securities
4o
Market quotations on Treasury securities
Kk
Average yields of long-term bonds
I17
Internal revenue collections
4-9
Monetary statistics
52
Exchange Stabilization Fund
56
Capital movements
5g
Corporations and certain other business-type
activities - Income and expense, and source and
application of funds
62
Cumulative table of contents
Note:
110
Where calculations have been made from unrounded
figures, the details may not check to the totals
shown.
Treasury Bulletin
II
Reporting Bases
The dally statement on the new basis was first Issued for
Data on receipts, expenditures, and debt which appear In the
"Treasury Bulletin" are based largely on two Treasury financial
February 17,
reports, the "Dally Statement of the United States Treasury" and
distinction Is made as to the type of accounts (budget,
the "Monthly Statement of Receipts and Expenditures of the
United States Oovemment. " Certain monetary statistics are based
at least In part on the "Circulation Statement of United States
etc.
Honey."
Where these statements are given
dividual tables, they are cited by name only.
sources for inTheir respective
For other data in the
reporting bases are described belov.
Bulletin,
as
Information on sources or reporting bases Is given In
connection with the tables themselves.
).
195'*.
Ifi
^^
deposits and withdrawals as shown, no
cleared throu^ the account of the Treasurer of the United States.
Total withdrawals are on the basis of checks paid or cash dis-
bursements made out of the Treasurer's account.
Some of the
withdrawal classifications sho*m are reported on the basis of
mailed reports of checks issued and are adjusted by means of
clearing accounts to the total of checks paid. Except for
relatively minor amounts, noncash Interfund and other Intragovernmental transactions are excluded.
The monthly statement of receipts and expenditures was first
trust,
The deposits are on the basis of certificates of deposit
The public debt figures
In the daily statsment also are on a "clearance" basis,
with the
published for February 195U, and replaced the dally statement as
exception of those Issuance and retirement transactions reported
the primary source of Information on budget results and other
on the basis of telegrams from Federal Reserve Banks.
receipt
and expenditure data classified by type of account.
At the same time, the dally statement was changed to a statement
of cash deposits and withdrawals affecting the account of the
debt transactions are Included, however.
Treasurer of the United States. Both publications have provided
comparative figures on their respective bases from the beginning
only transactions cleared through the Treasurer's account but
The dally statement before February 17,
195**.
Noncash
covered not
also certain Government agency transactions which were handled
195^.
through comnercial bank accounts, and Included noncash interfund
with respect to these reporting changes may be found In the
April 195^ Issue of the Bulletin.
and other intragovemnental transactions. It provided Information
similar to that in the present daily statement with respeot to the
of the fiscal year I953.
The announcement of February 17,
status of the Treasurer's aocount,
The monthly statement shows all receipts and expenditures
of the Oovemment,
including those made from cash accounts held
outside the United States Treasury.
The Information is compiled
from reports by the Treasurer of the United States and by all
other collecting and disbursing agenclee, including those agencies
which maintain checking accounts in commercial banKs. These
reports cover transactions recorded in the accounts of the
agencies during the reporting period. The net of the trans-
actions as compiled from these reports Is reconciled In the
monthly statement to changes In the balance in the Treasurer's
account and In cash held outside the Treasurer's account and
changes In the public debt outstanding.
present
and similar to that in the
end-of-mcnth
dally statement with respect to debt
issuance, retirement, and amount outstanding.
Receipts and
expenditures, however, were classified by type of account,
and
the budget results shown In the daily statement were uaed as the
basis for reflecting the results under the President's budget
program as enacted by the Congress.
Receipts were on the basis of deposits as they cleared the
Treasurer's account. Expenditures cleared through the Treasurer's
account were reported on two successive basse. Through 19U6 they
were on the basis of checks paid by the Trsasurer of the United
States,
Beginning with 19^7.
expenditures made throiigh the
facilities of the Treasury Department's Division of Disbursement
Receipts of taxss and customs duties are reported on a
collections basis.
Other receipts are reported partially on a
collections basle and partially on a deposits basis. Expenditures,
except Interest on the public debt,
eu»e
reported on the basis of
ohecicB issued or cash payments made by disbursing officers.
Transactions of an interfund or intragovernmental nature are
included on the same basle even though the actual Issuance of
checks may not be Involved.
Interest on the public debt Is In-
cluded on an accrual basis beginning with figures for June 1955
and the fiscal year 1955* Prior to that, It was Included on a
due and payable basis.
The same reporting basis as that In the
monthly statement provides the flecal year figures for the
Treasury's "Combined Statement of Receipts, Expenditures and
Balances of the United States Government" and for actual receipts
and expenditures In the "Budget of the United States Oovernment."
were on the basis of checks Issued, while certain others,
prin-
cipally those of the Department of Defense and its predecessor
organizations, were on the basis of checks paid. Transactions
handled through commercial bank accounts, oonslsting of market
transactions in public debt and guaranteed securities, were as
reported by the agencies.
Interest on the public debt was In-
cluded on a due and payable basis beginning with November
19^
and on a checks-paid baele prior to that time.
The circulation statement reflects transactions through the
Treasurer's account which affect monetary stocks of gold and
silver and the amounts of coin and currency In the money supply
of the country.
It
is Issued later than the dally statement,
however, and the figures are based on transactions consummated
during the reporting period even though some may not have
cleared the Treasurer's account during that period.
May 1957
A-l
Treasury Financing Operations
Savlnge Bonds Terme Improved
Legislation was enacted on April 20, I957, to
Increase the maximum Interest rate permitted on new
United States savings bonds from 3 to 3.26 percent.
In signing the bill (P.L. 17, 85th Cong., let Sees.)
the President stated:
"In a comparatively short span of years, the
United States Savings Bonds progreun has become
an Integral part of the American way of life.
"It has taught countless Americans how to
save.
It has enabled young men and women to
enjoy higher education.
It has furnished the
down payment for new homes and new businesses.
For many persons, It has made possible a more
comfortable and secure retirement.
It has
provided protection against unexpected adversity for millions of our citizens.
"Today,
ho million Americans own over $ln
billion In Series E and H bonds. We want to
see more people continually buying more bonds
so that savings bonds provide even greater
financial protection for our people in the
years ahead and, at the same time, help assure
the economic stability of our country.
invite every citizen to take advantage
of the opportunity of investing in the now
better-than-ever United States Savings Bonds.*
"I
On the day the bill was signed the Treasury
Department announced that all Series S and H bonds
purchased on or after February 1, I957, will yield
3-1/'+ percent per annum, compounded semiannually,
when held to maturity (the former rate was 3 percent) and will provide substantially higher yields
than formerly on bonds redeemed before maturity.
This was the first change in terms since May 1952.
For the newly revised Series E bonds, the Issue
price and face value are unchanged but the maturity
is shortened, from 9 years and g months to S years
and 11 months.
In addition, the redemption values
are increased to provide the higher yield on bonds
redeemed before maturity. For example, the return
on the new bonds, If held 3 years is 3 percent compared with 2-1/U percent under the previous schedule
of redemption values.
to reach its full $100 value at first maturity, and
this ;20.S0 is slightly more than 3-1
percent per
annum on $79. 20 for the remaining period of
years
A
7
2 months,
compounded semiannually.
Persons holding bonds idilch have reached maturity
cmd are being retained under the ten-year extension
privilege will also find it to their advantage to
continue holding them. Such bonds reaching the
extension period since Hay I952 are already earning
a full 3 percent Interest compounded semiannually
and are redeemable on demand, and bonds of an earlier
period show a still greater return on current
redemption values.
The new Series H bonds, like the old, will pay
interest by check each six months In contrast to the
appreciation-type E bonds. Interest payments on the
new H bonds are substantially increased in the
earlier years over the rates previously paid, and
the bonds mature In 10 years compared with the
former 9 years and 8 months.
The Improved rates of return apply automatically
EandH bonds purchased on or after February 1,
to all
1957; persons who have bought these bonds after that
date need not take any further action to assure get-
ting the Improved terms. This is true even though
the bonds may have Imprinted on them the former
tables of redemption values or Interest payment
scales, which are inapplicable to the new bonds.
The issue date shown on each bond will be controlling in determining the aotvial redemption value or
scale of Interest payments, and banks and other paying agents have been furnished tables of the new
valuss.
Because of the more attractive features of the
new Series E and H bonds, the limit on net purchases
by one individual in any one calendar year Is re-
duced from $20,000 to $10,000 face amount for each
series. Investors who had purchased less than $10,000
maturity value prior to May 1, 1957, are entitled to
purchase only enough additional bonds to bring
their 1957 total to $10,000 for each series.
The
Treasury also has announced the withdrawal from sale
of the investment-type Series JandK bonds, effective
after April 30, 1957. Both of these decisions underline the Treasury's desire to emphasize the savings
bond as a security designed for millions of average
individual American savers.
Owners of bonds Issued before February 1, 1957,
will generally find It advantageous to continue holding them despite the attractiveness of the new bonds.
Under the previous schedule, for example, a $100 E
In conjunction with the announcement on April 20,
the Treasury Department pointed out that EandH
savings bonds rank among the best investments in the
bond has a redemption value of $79.20 when held two
and one-half years. That bond will earn 20.80 more
world for the average saver.
Savings bonds have
complete freedom from market fluctuations and a
Trcasurij Bulletin
A-S
Treasury Financing Operations
guaranteed Interest rate over a period of years;
and additionally, they afford the unusual protection of safety against the physical loss or
destruction of the securities.
-
(Continued)
investment yields of newly revised Series E and
revised Series R bonds, and of previous issues of
these series. Comparable tables for J and K bonds
may be found in the Bulletin for May 1952, pages
bonds In the Bulletin
A-6 and A-7, and for F and
A summary of the terms and conditions of the new
Series E and Series H bonds, comparable to that for
for October 19't5, page A-5, and In the AnnueO.
Report of the Secretary of the Treasury for 1951.
the former terms published in the May 1952 issue of
the Bulletin, pages A-2 and A-3, follows in Table 1.
pages 175 and 176.
Succeeding tables summarize redemption values
and
Investment yields of all savings
bonds series are compared in the last of the tables
which follow.
Table 1.- Summary of Terms and Conditions of United States Savings Bonds Revised Series E and H
Teme
and coodltloas
May
mj
A-3
Treasury Financing Operations
-
(Continued)
Table 2.- Series E Savings Bonds Issued Beginning
February 1957 Redemption Values and Investment Yields i/
Maturity value,
leeue price....
$25.00
18.75
$100.00
75.00
$200.00
150.00
$500.00
375.00
$1,000.00
750.00
Redemption values during each h<af-year period
3/
(Values increase on first day of period shoro)
Period after Issue date
First 1/2 year
1/2 to 1 year
1 to 1-1/2 years
1-1/2 to 2 years
2 to 2-1/2 years
2-1/2 to 3 years
3 to 3-1/2 years
3-1/2 to U years
t to l>-l/2 years
k -1/2 to 5 years
5 to 5-1/2 years
5-1/2 to 6 years
6 to 6-1/2 years
6-1/2 to 7 years
7 to 7-1/2 years
7-1/2 to 8 years
S to 8-1/2 years
8-1/2 to 8 years and 11 months
Maturity value
(8 years and 11 months frcm Issue date)
$50.00
37.50
il8.75
$25.00
$10,000
7,500
2J
.
Treasury Bulletin
A-U
Treasury Financing Operations
(Continued)
-
Table 3.- Series E Savings Bonds Issued May 1952 throu^ January 1957Redemption Values and Investment Yields
Maturity value
iDSue price.
.
.
$25.00
$50.00
$100.00
$200.00
$500.00
18.75
37.50
75.00
150.00
375.00
Maturity value
(9 years and 8 months from Issue date)....
$18.75
18.85
19.05
19.30
19.55
19.80
20.05
20.30
20.55
20.90
21.25
21.60
21.95
22.30
22.65
23.00
$37.50
37.70
38.10
38.60
39.10
39.60
40.10
23 .UO
1.6.80
1.7.60
lt0.60
1*1.10
1.1.30
te.jo
"13.20
1.3.90
'^tended maturity value
(10 years fron original maturity date) 5/.
-/
$75.00
75.1.0
76.20
77.20
78.20
79.20
80.20
81.20
82.20
83.60
85.00
86.1.0
1.9.20
87.80
89.20
90.60
92.00
93.60
95.20
96.80
98. uo
$25.00
$50.00
$100.00
$25.00
25.37
25.75
26.12
26.50
26.90
27.30
27.70
28.10
28.50
28.95
$50.00
50.75
51.50
52.25
53.00
53.80
$100.00
101.50
103.00
23.80
2I1.2O
21<.50
U.60
"•5.30
1.6.00
1.8.
uo
7,500
1/
$150.00
150.80
152.1.0
151.. 1.0
156.1.0
158.1.0
160. uo
$375.00
377.00
331.00
386.00
391.00
396.00
162.1.0
1.01.00
1.06.00
161.. 1.0
uu.oo
167.20
170.00
172.30
175.60
1.18.00
1.25.00
1.32.00
1.39.00
173.1.0
1.1.6.00
131.20
187.20
1.53.00
1.60.00
1.68.00
190.1.0
U76.00
193 .60
196. Bo
U81t.00
1.92.00
$200.00
$500.00
I8I..OO
Approximate Inreetment yield 2/
On purchase price
from Issue date
to beginning of
each half -year
period i/
On current
redemption value
from beginning
of each half-year
period i/ if held
To maturity
(Percent)
(Percent)
8,780
8,920
9,060
9,200
9,360
9,520
9,630
0.00
1.07
1.59
I.9U
2.10
2.19
2.25
2.28
2.30
2.U3
2.52
2.59
2.6U
2.69
2.72
2.7U
2.79
2.83
2.86
9,81.0
2.88
$1,000.00 $10,000
3.00
$1,000
12,120
12,300
12,U80
12,660
12,860
13,060
13,260
3.00
3.00
3.00
2.99
2.99
2.99
2.99
2.99
2.98
2 98
2 98
2 99
2 99
2 99
2 99
2.99
2.99
2.99
2.99
3.00
$l,3U6.8o $13,U68
3.00
$750.00
751.. 00
762.00
772.00
782.00
792.00
802.00
812.00
822.00
836.00
850.00
861.. 00
878.00
892.00
906.00
920.00
936.00
952.00
968.00
98U.OO
$7,500
7,51.0
7,620
7,720
7,820
7,920
8,020
8,120
8,220
8,360
8,500
8,61.0
Extended maturity period
Period after maturity date
.'Irst 1/2 year
l/2 to 1 year
1 to 1-1/2 years
1-1/2 to 2 years
? to 2-1/2 years
? -1/2 to 3 years
j to 3 -l/2 years
3-1/2 to U years
4 to I* -1/2 years
ii-1/2 to 5 years
')
to 5-1/2 years
5-1/2 to 6 years
6 to 6-1/2 years
6-1/2 to 7 years
7 to 7-1/2 years
7-1/2 to 8 years
3 to 8-1/2 years
3-1/2 to 9 years
,'
to 9-1/2 years
;-l/2 to 10 years
750.00
Bedemptlon values during each half-year period i/
(Values Increase on first d»jr of period shown)
Period after leaue date
first 1/2 year
'./2 to 1 year
1 to 1-1/2 years
*-l/2 to 2 years
2 to 2-1/2 years
:!-l'2 to 3 years
to 3 -1/2 years
!
5-1/2 to U years
C to 1« -1/2 years
'i-l/2 to 5 years
} to 5-1/2 years
5-1/2 to 6 years
^ to 6-1/2 years
6-1/2 to 7 years
7 to 7-1/2 years
7-1/2 to 8 years
3 to 8-1/^ years
3-1/2 to 9 years
9 to 9-1^ years
?-l/2 years to 9 years and 8 months
$1,000.00 $10,000
29.1.0
29.85
30.30
30.75
31.20
31.65
32.15
32.65
33.15
$33.67
$200.00
203.00
206.00
209.00
212.00
215.20
218. Uo
221.60
22U.80
228.00
231.60
235.20
238.80
2U2.UO
2U6.00
2U9.6O
62.1.0
121.
63.30
6U.30
65.30
66.30
126.60
128.60
130.60
132.60
253 .20
257.20
261.20
265.20
$500.00
507.50
515.00
522.50
530.00
538.00
5U6.OO
55U.OO
562.00
570.00
579.00
538.00
597.00
606.00
615.00
62U.O0
633.00
6U3.OO
653.00
663.00
$67.31.
$13l..68
$269.36
$673. UO
51.
.60
55.1.0
56.20
57.00
57.90
58.80
59.70
60.60
61.50
10I..50
106.00
107.60
109.20
110.30
112.1.0
UU.OO
115.80
117.60
119.1.0
121.20
123.00
.80
A denomination of $100,000 maturity value, authorized as of January 1,
1951*, wae provided for truateee of aiiq)lojree8* eavlnga plana.
The
leaue price and various redemption values of IkuhIs of this dencanlnatlon
are equal in each case to the total of ten $10,000 bonds bearing the
same issue dates.
2/
3/
UJ
^
3.00
3.10
3.16
3.19
3.23
3.28
3.3U
3.UI
3.U9
3.50
3.51
3.5U
3.58
y
3.61.
3.71.
3.89
U.Ol
U.26
U.9U
9.92
To extended maturity
1,015
1,030
1,0U5
1,060
1,076
1,092
1,108
1,12U
1,1U0
1,158
1,176
1,19U
1,212
1,230,
1,2U8,
1,266,
1,236
1,306
1,326
$10,000
10,150
10,300
10,U50
10,600
10,760
10,920
11,030
11,2U0
ll.UOO
U,58o
11,760
U,9U0
3.00
3.00
3.00
3.01
3.02
3.02
3.02
3.03
3.0U
3.05
3.OU
3.0U
3.03
3.0U
3.05
3.07
3.12
3.10
3.10
3.1U
Bate percent per annua, compounded semi annua llj; calculated on basis
of $1,000 bond (face value).
2-iQonth period In the case of the 9*l/2 year to 9 year and 8 month
period.
Apprcilmate Investment yield for entire period from Issuance to maturity.
19 years and 8 months after Issue date.
.
May 1957
Treasury Financing Operations
-
(Continued)
Table 4.- Series E Savings Bonds Issued May 1942 through April 1952Redemptlon Values and Investment Yields
Maturity value.
Issue porlce.
. .
$10.00
$25.00
$50.00
$100.00
$200.00
$500.00
$1,000.00
7.50
18.75
37.50
75.00
150.00
375.00
750.00
Bedemptlon values during each half-year period
(Values Increase on first day of period shown)
Period after Issue date
Approximate Inrestnient yield Xl
On purchase price
from Issue date
to heglnnlng of
each half-year
period
On current
redemption value
from beginning of
each half-year
period if held To maturity
(Percent)
First 1/2 year
1/2 to 1 year
1 to 1-1/2 years
1-1/2 to 2 years
2 to 2-1/2 years
2-1/2 to 3 years
3 to 3 -1/2 years
3-1/2 to U years
k to lt-l/2 years
11-1/2 to 5 years
5 to 5-1/2 years
5-1/2 to 6 y»ar3
6 to 6-1/2 years
6-1/2 to 7 years
7 to 7-1/2 years
7-1/2 to 8 years
8 to 8-1/2 years
8-1/2 to 9 years
9 to 9-1/2 years
9-1/2 to 10 years
,
,
,
,
,
,
,
$7.50
7.50
7.55
7.60
7.65
7.70
7.80
7.90
8.00
8.10
8.20
8.30
$37.50
37.50
37.75
38.00
38.25
38.50
39.00
39.50
uo.oo
9. "to
$18.75
18.75
18.87
19.00
19.12
19.25
19.50
19.75
20.00
20.25
20.50
20.75
21.00
21.50
22.00
22.50
23.00
23.50
9.60
9.80
$10.00
8.I1O
8.60
8.80
9.00
9.20
,
Mat'orlty val'ie
(10 years from Issue dete)
$150.00
150.00
151.00
U6.00
$75.00
75.00
75.50
76.00
76.50
77.00
78.00
79.00
80.00
81.00
82.00
83.00
8U.00
86.00
88.00
90.00
92.00
l»7.00
9'«.00
2lt.OO
2lt.50
ItS.OO
1*9. OC
96.00
98.00
188.00
192.00
196.00
$25.00
$50.00
$100.00
$200.00
$10.00
10.15
10.30
10.1l5
,
1/
10.60
10.76
10.92
11.08
U.21*
ll.liO
11.58
U.76
11
12.12
.9'!
12.30
12 .U8
,
Extended maturity value
(10 years fran original maturity date] i/.
2/
111. 00
Ul.50
te.oo
ll3.00
u.oo
"is
.00
153.00
15k .00
156.00
158.00
160.00
162.00
l6lt.00
166.00
168.00
172.00
176.00
180.00
18I».00
1*00.00
05.00
UlO .00
U15.00
U20.00
It
I130.00
IlltO.OO
U50.00
It60.00
lt70.00
I180.00
$750.00
750.00
755.00
760.00
765.00
770.00
780.00
790.00
800.00
810.00
820.00
830.00
8lt0.00
860.00
880.00
900.00
920.00
0.00
.00
.67
.99
1.06
1.31
1.1(9
1.62
1.72
1.79
1.85
1.90
2.12
2.30
2.1(5
1(90.00
960.00
980.00
2.57
2.67
2.76
2.8U
$500.00
$1,000.00
2.90
9140.00
12.66
12.86
13.06
13.26
$13
.'17
$25.00
25.37
25.75
26.12
26.50
26.90
27.30
27.70
28.10
28.50
28.95
$50.00
50.75
51.50
52.25
53.00
53.80
•^M
55.1tO
$200.00
203.00
206.00
209.00
212.00
215.20
218.UO
221.60
$500.00
507.50
515.00
522.50
530.00
538.00
5U6.OO
.ItO
22I1.8O
562 .00
n't .00
228.00
231.60
235.20
238.80
570.00
579.00
588.00
597.00
606.00
615.00
$100.00
101.50
103.00
lolt.50
106.00
107.60
109.20
110.80
112
29 .UO
29.85
30.30
30.75
31.20
31.65
32.15
32.65
33.15
56.20
57.00
57.90
58.80
59.70
60.60
61.50
62 .io
12li.80
63.30
65.30
66.30
126.60
128.60
130.60
132.60
$33.67
$67.3"'
$1311.68
61t.30
us.eo
117.60
119. "lO
121.20
123.00
Rate percent per annim, ccmpounded eemlannuallj'; calciilatecl on baele of
$1,000 bond (face value),
Approximate Investment yield for entire period frcm Issuance to original maturity.
.UO
2lt6.00
21(9.60
253 .20
21l2
257.20
261.20
265.20
$269.36
(Percent)
2.90 2/
3.05
3.15
3.25
3.38
3.52
3.58
3.66
3.75
3.87
1(.01
1(.18
l(.l(l
l(.36
l'.31
l(.26
1(.21
l(.17
(.12
1(.08
To extended maturity
Extended maturity period
Period after maturity date
riret 1/2 year
1/2 to 1 year
1 to 1-1/2 years
1-1/2 to 2 years
2 to 2-1/2 years
2 -l/2 to 3 years
3 to 3 -1/2 years
3-1/2 to U years
U to U -1/2 years
U-1/2 to 5 years
5 to 5-1/2 years
5-1/2 to 6 years
6 to 6-1/2 years
6-1/2 to 7 years
7 to 7-1/2 years
7-1/2 to 8 years
8 to 8-1/2 years
8-1/2 to 9 years
9 to 9-1/2 years
9-1/2 to 10 yeiro
lt0.50
l'i2.00
$375.00
375.00
377.50
380.00
382.50
385.00
390.00
395.00
55'' .00
$1,000.00
1,015.00
1,030.00
1,01(5.00
1,060.00
1,076.00
1,092.00
1,108.00
l,12l(.00
1,11(0.00
1,158.00
1,176.00
1,19't.oo
1,212.00
1,230.00
62l(.00
1,21(8.00
633 .00
653.00
663.00
1,266.00
1,286.00
1,306.00
1,326.00
.1(0
$1,31(6.80
61(3.00
$673
^
20 years from Issue date.
2.90
2.90
2.90
2.91
2.90
2.91
2.91
2. 91
2. 91
2. 91
3.00
3.00
3.00
3.01
3.08
3.02
3.02
3.03
2. 92
3.0l(
2.92
2.93
2.93
2.93
2.93
2.93
3.0l(
3.Cl(
3.05
3.03
3.Cl(
2.gk
3.05
3.07
3.12
3.10
3.10
2.9l(
3.1''
2.9'(
2.95
rcasury
Tr
A-6
Treasury Financing Operations
Bullet in
(Continued)
-
Table 5.- Series E Savings Bonds Issued May 1941 through April 1942'
[Redemption Values and Investment Yields
Maturltj' value.
Iseue price.
. .
$25.00
50.00
tioo.oo
$500.00
$1,000.00
18.75
37.50
75.00
375.00
750.00
iiedemptlon values during each half-year period
(Values Increase on first dajr of period shown)
Period after Issue date
Approximate InveetiLent yield
^
On purchase price
On current
from Issue date
to beginning of
i-edemptlon value
frcm beginning of
each half-year
period
each half-year
period If held
-
To maturity
(
First l/2 year
l/S to 1 year
1 to l-l/Z years
1-1/2 to 2 years
2 to 2-1/2 years
2-1/2 to 3 years
3 to 3-1/2 years
3-1/2 to U years
k to '1-1/2 years
U-1/2 to 5 years
5 to 5-1/2 years
5-1/2 to 6 years
6 to 6-1/2 years
6-1/2 to 7 years
7 to 7-1/2 years
7-1/2 to 8 years
8 to 8-1/2 years
8-1/2 to 9 years
9 to 9-1/2 years
9-1/2 to 10 years
Maturity value
frcn Issue date )
( 10 years
$18.75
18.75
18.87
19.00
19.12
19.25
19.50
19.75
20.00
20.25
20.50
20.75
21.00
21.50
22.00
22.50
23.00
23.50
Bxtended matin* ity value
(10 years from original maturity dateO i/...
ij
1*1.50
U2.00
U3.OO
Ilk. 00
$75.00
75.00
75.50
76.00
76.50
77.00
78.00
79.00
80.00
81.00
82.00
83.00
$375.00
375.00
377.50
380.00
382.50
385.00
390.00
395.00
Uoo.oo
U05.00
lllO.OO
1115.00
li20.00
811.00
1130.00
U6.00
86.00
88.00
90.00
92.00
U7O.OO
U8O.OO
115.00
117.00
911.00
2lt.00
U8.00
21i.50
I19.00
96.00
98.00
$25.00
$50.00
$100.00
Period after maturity dAte
First 1/2 year
1/2 to 1 year
1 to 1-1/2 years
1-1/2 to 2 years
2 to 2-1/2 years
2-1/2 to 3 years
3 to 3-1/2 years
3-1/2 to k years
U to U -1/2 years
U-l/2 to 5 years
5 to 5-1/2 years
5-1/2 to 6 years
6 to 6-1/2 yesrs
6-1/2 to 7 years
7 to 7-1/2 years
7-1/2 to 8 years
8 to 8-1/2 years
8-1/2 to 9 years
9 to 9-1/2 years
9-1/2 to 10 years
$37.50
37.50
37.75
38.00
38.25
38.50
39.00
39.50
UO.OO
UO.5O
111. 00
kUO.OO
I15O.OO
li60.00
$750.00
750.00
755.00
760.00
765.00
770.00
780.00
790.00
800.00
810.00
820.00
830.00
81tO.OC
860.00
880.00
900.00
920.00
Percent
0.00
.00
.67
.88
.99
25.9''
26.25
26.56
26.87
27.19
27.50
27.81
28.12
28.I1I1
28.75
29.06
29.37
30.00
30.67
31.33
32.00
32.67
$33.33
$50.00
50.62
51.25
51.87
52.50
53.12
53.75
5J1.37
55.00
55.62
56.25
56.87
57.50
58.12
58.75
60.00
61.33
62.67
$100.00
101.25
102.50
103.75
105.00
106.25
107.50
108.75
110.00
1.62
1.72
1.79
1.85
1.90
2.12
2.30
2. '15
I19O.OO
2.57
2.67
2.76
2.8U
$500.00
$1,000.00
2.90
m.25
112.50
113.75
115.00
116.25
U7.50
65.33
120.00
122.67
125.33
128.00
130.67
$66.67
$133.33
6I1.OO
Bate percent per annua, ccnpounded semiannually; calculated on the basis
of $1,000 bonl (face value).
2/
i/
$500.00
506.25
512.50
518.75
525.00
531.25
537.50
2.90
79
2.83
653.33
1,253.33
1,280.00
1,306.67
$666.67
$1,333.33
2.90
550.00
556.25
562.50
568.75
575.00
581.25
587.50
600.00
613.33
626.67
61l0.00
k.l2
k.O
To extended maturity
$1,000.00
1,012.50
1,025.00
1,037.50
1,050.00
1,062.50
1,075.00
1,087.50
1,100.00
1,112.50
1,125.00
1,137.50
1,150.00
1,162.50
1,175.00
1,200.00
1,226.67
5113.75
3.05
3.15
3.25
3.38
l.lt9
Extended maturity period
$25.00
25.31
25.62
2.90 2/
1.06
1.31
960.00
980.00
9110.00
(Percent)
.88
.86
,8li
.82
2.90
2.92
2.9k
.97
.01
,81
.05
2.79
2.77
2.75
.10
.16
Jk
72
71
69
67
66
70
75
2.87
.23
.32
.k3
.56
.73
3.96
k.26
k.26
k.21
k.l7
k.l2
k.08
Approximate investment yield for entire period frco Issuance to
maturity,
20 years fron Issue date
May 1957
A-7
Treasury Financing Operations - (Continued)
Table 6.- Series H Savings Bonds Issued Beginning February 1057
Interest Checks -and Inrestaent Yields
Itetarlty vmlue
BedeaptloQ Talue 2/*
,Is«ue prlca
rerlod of tls koDd la
after leaue date
$500.00
500.00
500.00
heU
$1,000.00
1,000.00
1,000.00
$5,000.00
5,000.00
5,000.00
Anoimt te Interest check for
$10,000.00
10,000.00
10,000.00
Mck denmlnatloD
Approzlatte Inveetaent
on face value 2/
Pros iBBoe date
to each Interest
Fron eech interest
pajnent date to
pajraent date
Bturlty i/
(?ercent)
7ear
Tear
1/2
1
1-1/2 yaara
years
2
2-i.fi j—rm
3
3-l/S
7«ra
7*aM
/ears
k-l/l Tsara
yeara
5
5-1/2 years
6
f*^T9
6-X^ years
yssrs
7
1-lf! years
years
6
e-ifa j—T%
ys»8
9
9-1 A* years
years (Ikturity)
10
^
$8.00
$ll0.00
7.25
8.k5
Ik. 50
8.1.5
6.1.5
e.l>5
16.90
16.90
16.90
lb. 90
16.90
16.90
16.90
16.90
16.90
16.90
16.90
16.90
16.90
16.90
16.90
16.90
72-50
61.. 50
81.. 50
8.t5
8.1.5
U
X/
$l<.00
8. (.5
8.15
B.I.5
8.1.5
,
B.1.5
8.1.5
8.1.5
8.1.5
e.1.5
8.1.5
8.1.5
$6.1.5
16,510
81.
ak.50
8k. 50
8k.50
8k. 50
8k .50
8k .50
Bk.50
ek.50
ak.50
8k. 50
Bk.'jO
8k .50
$6k.50
$16.90
At all tlaaa, except that bond Is not redeeaable durii^ first 6 aonths.
Bate percent per am.^, co&poonded semiannually.
.50
8k. 50
8k .50
X/
jleU
$80.00
lk5.00
169.00
169.00
169.00
169.0c
169.00
169.00
169.00
169.00
169.00
169.00
169.00
169.00
169.00
169.00
169.00
169.00
169.00
$169.00
...60
2-25
2.62
2. 80
2.9a
2.99
3.0k
3.08
3.11
3.1k
3.16
3.16
(Percent)
3.35
3.38
3.38
3.38
3.38
3.36
3.38
3.38
.58
_.38
3.38
3.38
3.19
>
3.20
3.21
i.>3
3.38
3.22
3.23
3.2k
3.2k
3.25
3.38
3.38
3.38
3.38
Apin-axlaate Inrestawat yield for entire period fron IssuancF:
rity Is 3.^5 percent per mzau^.
Table 7.- Series H Savings Bonds Issued June 1052 through January
Interest Checks and Inveo
nt Yields
'
11167 -
18
Treasury Bulletin
A-8
Treasury Financing Operations
-
(Continued)
Table 8.- Comparison of Savings Bonds Investment Yields
for Length of Time Held
Approilmate Investment yields 1/
Series A-D
(Issued
March
1935Aprll
19UI)
Series H Issued
Series E Issued
May
May
19'il-
191.2-
Aprll
Aprll
1952
19i<2
May
1952January
1957
February
1957
and
after 2/
Jxme
May [957
A-9
Treasury Financing Operations
-
(Continued)
Table 9.- Comparison of Savings Bonds Investment Yields for Length of Time Remaining to
Maturity and to Extended Maturity
Treasury Bulletin
A-10
Treasury Financing Operations
-
(Continued)
payable October I5, 1957.
May Refunding of Notes
edii.
at maturity on
Interest on the new notes, designated
An optional exchange offering of 3-1/2 percent
11-1/2-month Treasury certificates of Indebtedness
April 15, 1953.
and 3-5/S percent l+-year and 9-1/2-month Treasury
and thereafter on February I5 and August I5 In
notes was announced by the Treasury Departj.ent on
May 2, 1957- The offering was made to holders of
the Sl+jlSS Dillllon 1-5/S percent Treasury notes of
Series B-1957 which matured May I5. Cash subscriptions were not received. The subscription books
opened May 6 and closed at the close of business
each year until they mature on February 15, 1962.
Both securities were Issued In bearer form only,
May g.
The four weekly issues of Treasury bills
maturing In April were refunded by equivalent new
The
Issues of approximately Si. 6 billion each.
The new Issues are dated May 1, 1957. and
exchanges were made at par with an adjustment of
Interest as of that date.
Accrued Interest on the
maturing notes from November I5, 195^, to May
($7.'*-9655 per
1,
1957
thousand) was paid to subscribers
following acceptance of the notes.
Interest on the
new certificates, designated Series B-I95S, will be
Koto:
DetaD.n of Treasury narket financing operations are
shown elsevhers in thli issue of the "Treasury
Bulletin," In the tablea on "Offerings," "Allot-
Series A-I962, will be payable on August 15, 1957.
In denominations of $1,000, $5,000, $10,000, $100,000,
$1,000,000,
8100,000,000, and $500,000,000.
91-Day Treasury Bills Refunded
new Issues consisted of three 91-day maturities and
one 92-day maturity which Is dated April
k-.
Average
rates of discount on the new Issues were 3-050 per-
cent
3.19't-
for April +;
3.153 percent for April 11;
percent for April IS; and 3.05I+ percent for
April 25.
mente," and "Dlepoeitlon," resroctivelj,
of marketable
iBsuee of bonds, notes, ajid cerciflcates of indebtedness,
and in the table "Offerings of Treasury Bills."
.
)
,
May i957
SUMWWf OF FEDERAL FISCAL OPERATIOMS
(
Period
necal
Set
receipts
1/
ExpendIturee
2/
In mlllians of dollars
Surplna,
or
deficit
Het of
trust
accoist
Clearing
and other account,
tnmaetc. 4/
actlons
(-) 2/
2/i/
Budget receipts and ezpendlturea
years :
WkS..
98,1.16
19^
37,696
6o,W.8
39,032
33,069
39,507
39,771
39,786
19^7
I9U6
I9U9
111,1.88
1950
1951
1952
1953
195^
36,"»95
1*7,568
39,617
W.,058
61,391
65,lrf)8
-53,941
-20,676
754
8,419
-l,8u
791
-524
-1,103
-294
-495
-3,122
3,510
-4,017
-9,449
-3,117
99
679
147
435
328
-4,180
1,626
231
6l.,8S5
714,271.
611,655
67,772
1955
1956
60,390
68,165
611,570
66,5U0
1957 (wt.)...
1958 (Bat.)...
70,688
73,620
68,000
71,807
l,7?fl
87,271
-43,594
-2,512
2,434
5,241
-3,592
1,813
-194
-eak
-370
Calwntlwr years;
W"!?..
1>3,678
I9M
38,568
lil,080
19'»7
1«),389
ighB
1(0,861.
37,955
35,623
41,106
19''9
37,511.
1950
1951
195S
37,306
5e,979
1953
63,81.1
19511
61,171
63,358
6l.,8l.O
1955
1956
70,991.
37,728
56,337
70,682
72,997
61.,85U
66,:29
67,216
-123
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
Mentha!
1955-July
August...
Septeabar
2,765
October..
HoTenber
Deceaber.
1956-January .
February,
March....
5,355
5,172
5,651
-2,663
-510
-761
-213
l.,68l.
5,2711
4,950
5,399
-590
1,245
5,914
-162
6,195
11,313
.,082
5,050
11,601
5,387
265
•
6,937
-1,305
-417
4,664
-172
-62
5,388
6,225
5,1.98
2,692
l.,662
l.,889
April
May
Jme
-234
-ei7
5,3110
-2,617
-1,491
158
l',73l.
<
5,1167
337
33
-1
127
-33
-95
July
Auguat . . .
3,1.85
5,5li2
l',95l.
Septeonber.
6,218
5,902
4,918
-2,057
-948
1,300
October..,
Horeaber..
3,181.
Xkecenber..
5,1.12
5,995
5,726
5,718
-2,812
-908
-307
•
266
6,095
5,743
5,584
-1,286
446
5,153
-222
1957-O'anuary..,
ftbruary..
March....
%,8lB
l',809
6,188
10,737
26
107
U6
229
555
-507
366
483
-214
-401
-250
-303
284
522
101
-43
Treasury Bulletin
-BUDGET KECEIPTS AND EXPENDITURES
Table !•- Receipts by Principal Sources
(In millions of dollars)
Interoal revenue %/
Incone and ptroflta taxes
riecal year
or montb
lullTldusl
Corporation
2/
Not
withheld
Withheld
i/
2/i/
1950
1951
1952
1953
Inccoe
and
profits
For old-age
and dlsa-
Mlltj Ueuraace
i/i/
19,6kl
1B,189
2U,2l8
32,826
33,012
19''9
BiploTDent taxes
Total
9,8l«
29,1.82
10,073
13,535
18,521
28,263
37,753
51,3''7
1,690
2,106
3,120
3,569
For railroad retirement
For un-
5/
6/
9,726
10,825
51,106
65,635
70,171
'»,983
5,1.25
10,011.
9't5
6,220
7,296
9,2U
10,001.
936
1,171
It,
537
603
5,3''0
600
56,633
6,337 2/
631.
285
280
325
59,900
63,000
6,780
310
320
7,750
7,1.35
660
665
2,281
3,891
5,395
295
799
397
23
81
53
2
1
320
881
1
'•51
182 2/
587
299
25
1
71.
1
1
207
662
355
1,033
936
815
113
85
79
21
856
931
120
92
131
-3
10
316
1,160
692
326
5,0U.
7,986
921
988
125
1,752
3,''15
"•51
21.1.
380
1,825
103
1,282 2/
3,333
321.
2,067
1,978
3,815
U,2l6
1,025
3,838
2,083
3,587
5,153
10,195
255
807
7,327
2,101
871
785
632
83
50
13,786
6,760
19,966
1.0,512
'1,252
1>66
.
l',562
259
277
'•0,307
••9,915
1.57
.
39,'.1^9
9,1'23
21,25lt
13,200
1957 to date
8,303
10,396
11,322 2/
837
358
1,709
1.1.5
8,3't8
1>,086
1956 -July
August...
September
.
2,1.77
2,883
3,931
53,906
21.
,012 2/
1,935
2/
55
8,1.20
uo
270
Total
Internal
revenue
2/
5'', 363
26,100
27,800
l»6l
2/
Taxes not
othervise
classified
21,635
12,1.00
1957-Januarj .
FebruaxT..
March
Estate
and girt
taxes 2/
21,351
21,U0O
22,000
<
231.
Siclse
taxes
Total
employment 2/
10,71.7
1957 (let.)...
1958 (Bst.)...
.
223
226
550
578
735
620
1955
1956
October
HoTember .
December.
Insurance
561.
21,523
18,265
21,299
195''
eiq)lo7ment
10,691 iO/
11,071
1,''75
827 12/
910
805
119
112
69
I
871.
98/
5
70,300 8/
66,289
75,109
5
5
79,726
83,971
21.
-5
3,571
5,8oe
6,715
3
3,33'^
-7
5, '•92
7
1,380
8
•
5,W5
2
".,881
7,276
U,950
5U,'«87
Deductions frcn budget receipts
NleoelFiscal jear
or month
laneous
receipts
1/
19'>9
1950
1951
1952
1953
Total
budget
receipts
38k
2,082
1.2,771.
Transfers of tax receipts to
Fmil
Federal Dissblllty Insurance
Trust Fund
U/
i2/
FOASI
TnMt
550
550
575
738
620
603
599
1.23
1,'^39
1.1,311
1,639
551
613
1,811.
53,369
67,999
72,6k9
562
606
705
2,3U
73,173
••,537
1955
1956
2,559
3,006
69,1.511
5,01.0 2/
6,337 2/
1957 (Bst.)....
1958 (Bet.)....
775
800
2,986
3,278
83,'*r
88,01.9
6,W.5
6,609
1956 -Julj
August. . .
September.
63
292
61.
60
93
128
3,927
5,959
6,897
3,660
5,705
5,898
195''
.
October..
NoTember .
December.
8/
78,&0
17
9
9
6
18
61,391
3,U8
6l.,te5
20
U
3,377
61., 655
22
23
k
3, '•26
8
3,68U
60,390
68,165
122
li3
77
2
12 1(
10
150
2
182 2/
25
175
93
587
299
7'^
161.
60
55
IW
-13
5,279
255
21
Ikl
7,'.86
32
83
66
50
205
120
51
201
118
I166
66
12,1*5
1957 to date.
568
1,900
56,955
lt,135
Actual figures through 1952 are frca the dally Treasury statement and thereafter from the monthly etatement of receipts and expenditures of the GoTeroaent (for explanatloc of reporting bases,
see page II); estimates are frco the 195& Budget docment, released
January 16, 1957, Including effects of proposed legislation.
For further detail, see tables wder "Internal PoTenue Collectloiu."
Breakdovn vas not made In the dally Treasury statement and the
monthly etatement for years prlco- to 1951..
Beginning January 1951, the distribution of receipts betveen IndiTllual IncoBe taxes and old-age and dlaablllty Insurance taxes Is
made In accordance vlth prorlslons of Sec. 201 (a) of the Social
Security Act, as smended (^ U.S.C. 1)01 (s)), for transfer to the
Federal Old-Age and SurrlTors Insurance Trust F«id (see footnote 11),
and after December 1956 also fco* transfer to the Federal Disability
Instffance Trust Find (see footnote 12).
lurcae taxes withheld for
1,109
'•7,568
3,3'>5
23
81
53
335
826
37,696
36,U95
3,*00
3,653
295
799
397
755
566
Net
budget
recelpta
2,838
2,160
2,107
2,302
3,880
333
157
129
i/
17
16
15
26
26
61>
i/
2/
631.
2,817
2,135
2,082
2,275
3,095
3,81.8
l.,126
1957-Januarj . .
February,.
March
Source:
Total
refunda
1,539
2,173
250
53
Internal
rerenus
660
665
75
63
59
150
37*
Refunds of receipts I5/
Elghvaj
Trust
Fund
lit/
1,690
2,106
3,120
3,569
U,086
621.
1,865
Railroad
Betlrenent
Acco\nt
601.
1,307
W
'•,156
70,628
73,620
U5
3,'^85
••,95*
2
79
6,218
2
2
95
62
3,181.
I.,8l8
1
-12
5, '•12
1
52
2
2
203
606
I., 809
6,188
10,737
15
3
1,325
1.9,803
Jma and the fiscal year 1956 hare been reduced by %k million representing withheld liic<»e taxes transfsrred to the SoTen^nt of Guam.
Taxes on empl.-^yere and eaployeee rmder the Federal InsuraiKe Contributions Act, as amended (26 U.S.C. 3101-3125), and, beginning with the
taxable year 1951, tax on self-employed IndlTidimils tader the SelfB^loyment Contributlona Act, as amsnded (26 D.S.C. HOl-11.03). The
Social Security Act Amendments of 1956, ap[B-oTed Ai«ust 1, 1956
(70 Stat. 807-856) Increased the rates of tax, appllcabls to wages
pa.M and taxable yeare beginning after December 31, 1956, to prorlde
for disability Insurance (see footnote 12).
Taxea on carriers and their 8iq>loyee8 tnder the Ballroed Rstlra^nt
Tax Act, as amended (26 U.S.C. 3201-3233).
6/ Tax on esqiloyera of 1. or more inder the Federal Oiemployment Tax Act,
aa smended (26 U.S.C. 3301-3306); with respect to serrlces performed
before Janusry 1, I956, the tax was t^Kwed on e^loyers of 8 or more.
Remaining footnotes od pa^s 5.
J*/
^
...
.
.
,
.
.
May 1957
-BUBGET RECEIPTS AND EXFEBDITURES
Table 2.- Expenditures by ARencles
(In mllllona of dollara)
Flflcal year
or mootii
LeglslatlTo
branch
1953
195^
1955
1956
7"»,27l»
61
67,772
6U,570
66,5*0
59
65
85
1957 (Bet.)...
1958 (Eat.)...
68,900
2/
71,807 hj
1956 -J ulj
AugUBt.
y
Jullclary
27
28
30
37
UU
12
;,l.lt6
8,291.
65l>
3
1
1
1
Il29
1,028
39
305
583
259
500
300
21l5
3
October
NoTember
Decenber.
5,995
5,726
5,718
10
7
3
1957 -January
Pebruar? .
6,095
5,7<i3
8
6
March ....
5,58*
1
1
1
3
8
li
3
1
3
3
3
1
1
71
29
227
321
266
U06
2,778
Health,
Bducatlon,
UCKlletrlbuted and
Welfare
foreign
transact lona Departaent
Defense Departnent
Fiscal year
or month
Military
functions
1.3,611
'.0,336
ClTll
f\nctlaDa
813
1953
195*
1955
1956
35,532
35,791
1957 (Est.)...
1958 (Eat.)...
36,000
38,000
61.9
2,368
*7
66
50
112
29
1956 -July
August.
.
3,2U
605
5*8
573
700
September
2,887
October
3,399
3,250
3,260
65
.
Soreiaber .
Decenber.,
1957 -January..
February,.
March ....
1957 to date...
1,107
806
973
523
690
2
51,223 2/
6,905 1/
6,1.73 1/
6,791
6,982 2/
',''73
and Ho^
Finance
Agency
tratlon
8,253
8
1957 to date.
9
10
Eousli^
Serrlces
Mmlnls-
1,137
11
9
u
5,782
5,282
l.,38l
General
u
5,90e
.
9
9
Independent
offices
liO
Ii,9l8
.
Funds
appropriated
to the
President
109
122
Sept«mber
.
Szacutlve
Office
of the
President
8
-17
83
-2
*6
28
3,358
3,228
3,239
*9
35
38
20
-19
28,200
*80
151
-8
Interior
Department
Justice
Department
Labor
Dspart-
nent
".,636
5,177
106
U
218
568
2U3
533
31.
".5
-1*0
577
578
1.3
uo
583
50
98
1.08
l.6l>
••J
5*
-kO
1.69
no
323
611.
31.
-162
U06
1*7
5,738
389
210
3,686
1*09
Poet
Office
Department
Interest
On
Other
6,50*
6,382
6,370
6,787
7*
83
62
5*
798
873
12
13
3681/
22
22
7,200
7,300
5*
5*
738
779
27
230
627
567
570
1.
63
90
57
23
582
6
226
*09
*18
*59
58
185
20*
18*
*3
31
52
1*
62
61
55
17
16
17
*6
36
16
10
*9
56
18
22
71
2*
35
1*
15
**
16
39
17
5*
271
156
136
1*1 a/
18*
5
*
879
U
580
631
5
-22
7*
19
17
65
*8
651
585
601
lilt
61.
15
17
3
6
39
16
18
*
111.
*3'^
157
306
3*2
137
5,39*
*1
*96
8/
3
3
2/
*3
63
*7
*2
1*
13
2/
District
of
Columbia
On
refunde
of tazeg
211.
21
2/
public
debt 8/
652
70*
659
?^
Treasury Departaent
State
Department
2,361
2,831
2/
•26
38
1.12
6/
euk i/ 6/
772
712 1/
613
312
356
U63
Source: Actual figures are froo) the aonthly atatenent of receipts and eipendituree of the Govemnent (for explanation of reporting bases, see
page II); estlinatee are from the 1958 Budget document, released
Januai7 16, 1957, Including effects of proposed legislation.
Bote: Figures In this table are for agencies as constituted at the tljae
the expenditures were made, and therefore do not necessarily represent
functions vblch are comparable OTer a period of time. For expenditures
by functions on a consistent basis, see Table 31/ Expenditures for Beccnatrrictlon Finance Corporation are Included under
"Independent offices" tfaro\^ 195*, and under "Treasiary Department,
other" thereafter.
2/ Expenditures for Federal Hone loan Bank Board are Included under
"Housing and Home Finance Agency" through 1955, and under "Independent
offices" thereafter.
i/ Expenditures of $1 mlUlcn in 1956 frco prior year appropriations to
the Coanerce Department for the fiaaa Road are Inclined under that
Department In this table, vhlle the 1958 Budget document Includes them
under State Departaent In combination vlth expenditures from the 1956
appropriation for the same purpose.
*/ Total Includes aUowence for contingencies amounting to $200 milllaD
In 1957 and $*00 million In 1958.
5/ Beginning vlth 1957, Federal aid for highways Is excluded frcn
1,063
1,000
1,077
1.281 a/
87
-80
300
355
1,7*1
3,217
2,915
53
171
183
182
216
183
385 2/
-^15 £/
129 2/
39
ComnATCe
Departnent
5,152
5,330
587
535
515
525 6/
205
177
171
220
212
Departnent
719
391
1,920
1,981
1,993
2,071
39*
Agrlculttnre
*5
25
budget expenditures end Included In trust account expenditures
(see Table 1, footnote 1*). Payments made Initially fl-OB budget
accounts In the esrly months of 1957 had been fully reimbursed
from the trust fund (netted against other expenditures) by the
end of IVoTember.
Expenditures for Alaska road construction are Included under
Interior Department through 1956 and under Cuuiaeic e Department
beginning 1957. December figures Include 1957 adjustment for this
transfer
KffectlTC January 1, 1957, the production credit corporations vere
merged In the Federal Intermediate credit banks, pursuant to the
Form Credit Act of 1956, approred July 26, I956 (70 Stat. 659).
Thereafter operations of ths banks (as mixed -cwnershlp corporations)
are classified as trust enterprise funds and are Included net In
trust account expcndlttnTes; preTlously the operations of the banks
and the corporations, rospectlToly, were classified aa public
enterprise funds end were Included net In budget expenditures.
Adjustments for this change In claeelf Icatloo are Incorporated In
the January figures
KffectlTe Jisio 30, 1955, Interest on the public debt Is reported on
an accrual basis.
Ccmalsts of Federal payment enl loans ssd adrances.
Treasury Bulletin
.BUDGET RECEIPTS AND EXFENDITUEES
Table 3.- Expenditures by Functions, Fiscal Years 1063 to Date
(In
MllUooa of dollars)
Fuictlon
code
ntvber
1953
195«i
195?
1956
tt»Jor n«tlcD>l aecurltj;
I>lrectlan and coordination of defenaa
051
052
053
05k
055
056
057
058
Air Porce derenae
kcwj defaoae
Raral defMiae
Otii«r caotral defense actlTltlea
DeTelojaent axid control of atonic vmrgj
Stockplllne and defense production expansion
Military assistance
Total a9«ar natlcmal sscurltj
15
15,085
16,21(2
11,875
39*
1,791
1,006
12
13
1%
15,666
12,910
16,71(9
U,293
16,*07
8,699
9,733
1152
1(81
1,895
586
1,651
588
2,6u
8,70e
9,7W
3,95''
3,629
1,857
9W.
2,292
50,363
1(6,9011
I(0,6e6
1(0,61(1
130
120
l,6l£
1,8^
1,01'5
iPtarDstloMLl affairs and flnanca ;
Conduct of forel^ effalrs
BocnCBlc and technical derelofHMBt
Tor^l^D Infoaraation ezkd ezcksn^s «ctlTltles
Total iBtaraatlonal affairs an* flanaee
Veterans' aerrlcee and bepcflte:
Teterans* adicetlon aad tralnlne g/
Other is^wisiis' rvadJ^Mtaent benefits j/
Veterans' »< > naatlai and penalcns
Veterans' Inanrmnce and serrlcsaen's Ijads^aities
Veterans' boapltals and aedlcal care.....
Other Tsterans ' serrloes and administration
101
102
103
lOh
105
106
Total Teterans' ssrrlces «nd benefits
Lsbcgr sod
91
121
1,960
100
2,216
1,732
2,lBl
151
152
153
^
1,5U
in
659
138
5l'6
158
150
123
2,l>20
2,1(82
223
100
78e
168
2,681
57
2.796
102
757
11,296
'',a?6
767
72?
176
105
786
176
'•,»57
».756
wlfare!
LaVir md aanpover
Public sssistaDce
Froaotlon of public health
Praaotlon of education
General -purpose research, libraries, and nuseUBS
Correctlaaal and penal institutions
Other welfare services and adalnistratlon
2U
212
213
21'»
215
216
217
^
Hatural resources:
Conserratlon and
Conserratlon and
Conserratlon and
Conserratlon and
Beoreational use
General resource
35
126
2,l>26
2,U85
2,552
2,776
1,689
256
ai7
3,506
236
351'
2,125
109
239
317
2I(1(
afi6
3,9k6
231
217
309
355
1''5
150
177
2,936
2,557
1,056
117
37
38
33
351
352
353
1,23''
>ioe
V03
107
38
ItOlt
3''
1.05
30
3k_
1>09
Total natural resources
*,913
935
UB
37
»3
35
3i_
1,315
1,206
370
586
275
312
37
-UOl
6U7
253
356
56
5U
''55
572
239
51''
%
515
516
517
518
519
520
521
35^
2Di(
i.ine
512
513
29
I'U
-111
137
51
12
2,502
Total cc^neroe and houBlJOg
Total general gore Alsmi nt
351
275
60
31
28
kOl
General goreriMent:
LeglalatlTe functions
Judicial frictions
ExecutlTe direction and management
Federal finane lal management
General property and records manageswnt
Central pers<nnel management and employment coats
ClTlllan weather serrlces
ProteotlTe serrlces and alien control
Territaries and possessions, and District of Coltaibla.
Other general goTerxaent
''75
1,1(57
275
321
56
115
develoinent of foreat resources
deTelojBent of mineral reaources
dereloiasnt of fish and wildlife
of natural reaources
surreys and adminiatratlcn
•
328
1,1(28
290
271
26
27
m
derelo^Mnt of land and water
Cc^ssrce and housing:
Praaotlon of water transportation
ProTlsion of highways
PrcBotloa of aTlation
Foetal serrice
Co^unlty dereloinent and facilities 6/ 2/
Public housing irogras 10/
Other aids to housing 6/ u/
Other aids to business ]g/ ^/
Begulatlon of ocHwroe and finance
ClTll defense
Dlsaater insurance, loans, and relief Ifc/
277
1,''39
1117
Total labor and welfare
Agriculture and agricultural resources:
Stabilization of farm prices and farm incoma k/
nnaoclne farm cwnership and operation ]J
financing rural electrification and telephcnes
Conserratlon and develoinent \l
Research, and other a^icultural serrlces \j
Total agricxilture and agricultural ^*e sources
281
1,332
318
288
36
3''9
-U5
U
35_
1,10*
1(20
783
251
1(63
k
31
-11(2
270
19
-l(01(
-83
38
1(1
60
1(2
56
1_
12
l(3_
8ll(
1,502
2,028
60
31
77
38
1.9
''9
29
29
11
60I1
U2
11
12
12
l(i(9
1(31
1(75
185
387
155
161(
28
26
160
Sk
188
69
238
1,629
UO
213
16k
115
25
157
67
139
l,li7l'
1,239
1,201
1117
55
(Continued on followlx^ page)
1(5
-330
US
601
6oe
603
605
606
607
608
609
610
138
38
93
53
33'(
.
:
May
mi
-BUDGET RECEIPTS AND EXPENDITURES.
Table 3.- Expenditures by Functions, Fiscal Years 1953 to Date
(in lallllone of dollare)
Function
code
nunber
1953
Intcreet
Interest on the public debt
Intoreet on refunde of receipts.
Interest on uninvested funds .
.
Total Interest
Itodlstrlbuted
lotal net budget expenditures
.
651
652
653
6,50lt
75
5
6,583
(Continued)
Treasury Bulletin
\
THJST ACCOUMT AHD OTHEK TRANSACTIONS.
Table 1.- Summary of Trust Account and Other Transactions
(In lllloos of dollars)
Fiscal 7ear
cr Booth
..
.
May
.
.•
.
'
mr
TRUST ACCOUNT AHD OTHER TRAMSACTIONS
Table 3.- Trust and Deposit Fund Account Expenditures
(In mlllloQs of dollars; negative figures are exceas of credits)
Trust aocounta
Total
trust
acco\mt8
2/
Total
1/
Flecal year
ar ncnth
Federal Old-Age
Federal Disability
and SuTTiTore
Insurance Triiet Insurance Trust
Fund i/
Fund
Ballroad
Betlreaent
Account
tbemployment
Trust
Fund
national
Serrice Life
Insurance
Fuid
Oorenaent
GoTemaent
Life
employees
retirement
funds
Insuraix:e
Fund
3,1.10
6,851.
661
278
1,311.
31.8
61
78I.
301.
UU
1,569
2,067
2,750
321
391
2,026
900
,988
',139
5,298
5,698
611.
77
1,01.9
1.65
1,010
996
588
82
82
222
268
271
300
363
6,769
7,327
502
585
1.11
81.
1.30
9,197
5,551
611
1,965
1,393
623
538
512
1I.7
8,1.89
3,1.05
U,1.87
1,71.5
8,51.5
9,'.35
87
507
692
739
1,501.
1,531.
520
88
86
566
598
191'9
3,821. !t/
1950
1951
1952
1953
6,950
195lt
1955
1956
3,9l»5
li,952
5,169
2/
1957 (Eet.)...
1958 (B8t.)...
U,970
U,926
6,1.69
l't,351
1I>,165
7,366
1956 -Jul7
Auguat...
Sept«mb«r
1,029
801
809
1.95
1.3
1.7
1.97
52
52
121
911.
U9
1.1.
1.7
81.6
935
500
57
103
1.0
1.6
October.
NoTember
December.
959
857
809
961.
891
505
501
63
56
95
97
91.1
571.
51.
12I.
Ul
39
37
U7
50
U7
56
57
58
187
177
177
1.3
1.8
1.5
U8
51
1957-January
1,112
1,095
1,067
538
rebnauT,
1,051.
51.8
Marcb...,
1,31.2
1,326
588
.
Trust accounts
-
19
313
(Cont.)
51.0
U6
Depoeit fund accounts (net)
GoTemaent-sponsored enterprises
Fiscal year
or month
Ble^vay
Trust TvdA
Other truBt
accounts
6/
2/1/
526
370
387
191.9
y
Total deposit
fund accounts
8/
-8
-W.
1.11.
96
1950
1951
1952
1953
1.13
-31.6
Wl
-529
1951.
1.95
1955
1956
399
537 2/
-558
56 12/
1957 (ftit.)...
1958 (Bst.)...
1,150 it/
1,806
1956 -July
August. .
September
10
150
October..
Borember
December..
175
100
62
1957-January .
February.,
March,...
70
100
65
918
1,183
Ul
137
Investaent in
public debt
securities
Total
8/
-191.
12/
2^
2^
12/
12/
12/
310
-395
-120
-U37
Redemption of Goreronent
agency obligations In
the market
12/
12/
12/
12/
12/
238
-269
-872
1.1.
55
106
-21
-250
10
185
220
170
1.22
2^
2/
1.9
99
-121
56
331.
229
10
329
-1.2
218
-113
-89
3
3
35
-58
1.8
13
-116
-i
•
-192
187
-81.
32
-5
-12
-1.0
11
10
-16
16
-13
-31
3
20
5
10
.116
21.7
1
-67
187
-21.8
33
UU
3U
-1.1
7
1.2
-3i>
-132
118
71
335
1.1
1.0
16
-137
1.5
Source:
See Table 1.
For security transactions Included In expenditures prior to 1951 and
beginning 1955, see footnotes 2, 9, U, and 13.
s/ ft'lor to 1951, Includes net inrestnent in public debt securities by
certain accounts ( see Table U )
3/ See "Budget Receipts and Expenditures," Table 1, footnote 12.
5/ Excludes Foreign Econcnic Cooperation Trust Fund (see page 1); recelpts were excluded in 19U8.
2/ Does not Iticlude receipts of the Federal Biplayees Insurance Fund
representing acquired securities amoviitii« to $1,6U3,070 (par value);
see also Table U
6/ See "Budget Becelpte aM Expenditures," Table 1, footnote lU. Expendlturea through October 1956 consist of reimbureementB to the
general fund of the Treasury.
1/ Inclules District of Coliabla operating expenditures; Indian tribal
fui^s; expenditures chargeable against increment on gold; and trust
enterprise funds (net), iiuludlng Federal intermediate credit banks
beginning January 1957 (see "Budget Receipts and Expenditures,"
Table 2, footnote 7). The Railroad Ubemployment Insurance Administration Fund is Insluled beginning vlth the fiscal year I95I. (see
J2/
-UlO
31.
37
li/
IW) il/
-505
310
-395
-120
-l>37
12/
51.8
ii/
Other deposit
fund accouDta
Other
expenditures
7
Tatile 2, footnote 3), and the Federal Boployeee Insurcmoe Fiaad (net)
1/
8/
2/
10/
Jl/
12/
H/
lU/
•
n.a.
from Its establlah^nt In August 195U,
Prior to 1951, liKludes net lareetment In public debt securities by
certain agencies (see footnotee 9 and 11); beginning with 1955, Includes net security transactions of GoTenniiei.t-sponecared eoterprlees
footnote 13 )
( see
Incluled in total of deposit fund account expenditures of GoTernraentsponsored enterprises.
Bccluded from depoeit fund account expenditures and Included with
similar security transactions of other agencies, shown In Tables U
and 5.
Includes net InTestment In public debt securities.
Inclines transactions by the Air Force and the Amy beginning 1952.
For revised claseificatlon of security transactions of Gorennienteponscored enterprises, see Table 1, footnote 3*
Lacludes $350 million under proposed legislation.
Less than $500,000.
Not available.
Treasury Bulletin
THUBT ACCOUHT AND OTHER TRANSACTIONS
Table 4.- Net Investment by Government Agencies In Public Debt Securities
(In millions of doUare; negative fl^iirea are excess of sales)
Truet accounts
Total
trust
accounts
Fiscal year
or norath
H
19»*9
1950
1951
1952
2,3112/
-I1O2
2/
Federal Old -Age
and Surrlvare
Insurance
Trust Fmd
3,369
3,355
3,068
1,678
1,950
1,688 a/
1,236
2,516 6/
1,522
1955
1956
1957 (Est.)...
1958 (Bet.)...
2,982
2,368
2,921
2,197
958
195J»
V
1956 -July
August . . .
September
,
October .
Horeaber .
December.
.
1957 -January.,,
February ,
Harch . • . ,
Trust
Fund
3I46
l.'t63
Fmd
59
-2
20e
-21.8
252
-51.5
23
73
-65
11.1
-1
311.
121
258
135
-16
5U8
76
36
310
379
86
67
-18
-17
779
793
-6
-5
521
327
555
3
573
-21.5
1
621.
588
-222
-33
Ik
-8
381
-127
U2
275
-23
-72
-U
-8
-see
-323
303
-101
-250
127
-121
-3'.
-1.9
28
171
-3
-286 2/
156
-2U5
87
-39
23
7
227
21.5
-
11>2
Other
Tr\iat
tr\ist
Fund
2/
accounts
10/
Total
public
Federal
Housing
enterin*l8e
AdjBlnis-
funle
tratlon
1951
1952
1953
9
101.
52
-6
21
59
195".
1
101
79
-77
9
13
-3
9
-5
-1.
2
-9
21
-3
17
-160
-2
-2
9
5
-5
-7
6
-5
U
-121.
9
Crorermaent-sponsored enterprises
Federal Savings and
Loan Insurance Corp.
-86
51.3
J.
-6
-6
Public entorprlae fuDlB
(Ccoit.)
Hlgbvaj
W»7
32
-26
9".
276
698
-37U
169
employees'
retirement
funds
353
-22lt
305
-91
Goremnent
Life
Insurance
Ftmd
-1,91.6
703
277
GoTenaent
280
UI.9
2/
National
Serrlce Life
Insurance
-160
-72U
650
583
590
338
357
l,5l»5
l,2ltl
XJaettpXoj'
inent
-2H
Truat accounts
Fiscal year
or month 8/
Bailroad
Betirement
Account
1,291*
l.Ull.
3,557
3,636
3,301
2,05k
1,36s
2,617 5/
1953
Federal
Disability
Insurance
Trust Fund 1/
Total
GoTernnent
sponsored
enterprises
U
hi
7
9
11
73
12
-e
81.
179
153
1*3 1/
Banks
for
cooperatlTee
Federal
Deposit
Inaurance
Corp.
Federal
bcrae
loan
banks
87
21
95
61
102
311.
62
81.
Federal
land
banks
18
Meacff-andun 11/
1955
1956
ll.
8 6/
1957 (Est.)...
1958 (Fat.)...
300
367
102
17
126
101
62
170
1
10
3
3
2
2
35
-58
1
•
1
-6
9
19
6
3
29
-2
It
-22
16
-13
-31
1
13
23
-lU
-95 1/
21.7
68
-5
-6
2
9
-87 1/
3
5
3
13
8
2
18
13
1.
:
See Table 1
See "Budget Pecelpta and Expenditures," Table 1, footnote 12.
to 1951, net Inreatnent by smaller trust accounts and by deposit
fund accounts Is Included In ezpendlturea In Table 3*
For explanation of difference from Budget figures, beginning 195l>, see
"Cash Income and Outgo," Table 7, footnote 1.
Sxcludee net Inreetaent by Oovemment-eponaored enterprises beglmlng
with the fiscal year 1955 (see Table 1, footnote 3).
Inclv»les net sale of $300 mlllloo for adjustment of excess transfers
of tax receipts In 1952 and 1953 (see "Bulget Receipts aoi Expenditures,"
Table 1, footnote 9).
Does not Include InrestiwntB representing acquired securities amounting
to $1,61.3,070 (par value) and donation of securities amounting to $1*5,800
(par value); see also Tables 2 and 3>
Beginning January 1957, Federal Intermediate credit banks are classified as trust enterprise funds Instead of public enterprise funds as
^iource
1/
2/
a/
U/
5/
6/
1/
-50
5
10
1.1
95
105
106
29
16
881/
55
106
-57
October
NoTeober
December*
1.7
82
1.25
19
-1
65
98
101.
21
J.
1957 -January..
Fabruary,
March....
170
51.8
-12
August . .
September
.
18 12/
17
13
15
100
120
10
1956 -July
95 12/
69
Mot
8/
10/
U/
19
31.
-58
3
1.0
1.
2
-137
1
-U
179
31
-133
before (see "Budget Receipts and Expenditures," Table 2, footnote 7). Adjustments for this change In classification are incorporated In the January figures.
ftrlor to 1951, net investment by public enterprise funds was Included In budget eiperdltures, and net Investment by Govemmentsponaored enterprises was Included In deposit fund expenditures
(see Table 3).
See "Budget Receipts and Expenditures," Table 1, footnote 1**.
Prior to 1951, consists of Adjusted Service Certificate Fund.
Het Investment by Government-sponsored enterprises beginning
1955 is Included In deposit fund expenditures in Table 3.
Beginning 1955, figures Include net transactions in guaranteed
securities by Federal Bousing Administration ai^ Federsl National
Mortgage Association.
Leas than $500,000.
May
mr
Treasury Bulletin
10
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 6.- Federal Old-Age and Survivors Insurance Trust Fund
^
(In mllllona of dollars)
Receipta
Fiscal year
or month
Appropriations
Total 2/
Interest and
profits on
Expend ItTires other than Investments
Other k/
InTeetaaente
1937-U8
191*9
1950
1951
1952
12,366.6
1,923.8
2,366.8
11,335.2
1,690.3
19^'>
1955
1956
1957 (Est.)...
1958 (Est.)...
1956-Juljf
August
September
.
.
3, '•11.
3,U9.5
3,568.6
516.3
5,080.3
5,585.8
7,003 .It
1»,086.3
386.6
•,537.3
5,039.6
6,336.8
••38.9
7,313.2
6,l>it5.0
7,501».5
6,609.0
October.
November
December.
1957-January..
February.,
March, ,.,,
1937 to date 1/.
Fiscal year
or month
l«32.3
798.7
397.0
237.2
611.8
538.1
181.9
587.1
299.2
292.5
779.2
587.3
255.0
755.1
566.0
50,8ii3.1
'•5,951'.
I937-I18
"•87.5
7.1>
557.9
572.
3.0
1.1
3.1
ll^.l
IU.6
18.6
2I1.8
5.1^
235.2
1.2
3.9
15.0
U9.2
7,365.6
60.6
20.1
15.7
l»95.1
•79.7
•96.7
500.3
1.86.8
36.2
19.2
3.6
501^.7
U89.8
500.6
57U.O
1.88.6
36.3
20.2
6.3
538.2
5U8.3
587.7
527.2
535. It
651. u-
28,339.2
27,032.5
1,098.1.
1,1.52.1
2.5
2.5
2.5
12.ll
1957-Januflry...
February.
2.3
2.3
2.3
507.8
1..1
5l^.l
2I18.7
1,81.3.0
1,861..5
109.9
79.3
12,61.11.8
ll.,322.8
21.7.8
1.12.8
16,273.1
327.0
18, 366.
20,01.2.6 1/
21,11.1.0
17,817.6
19,339.9
20,580.5
5I.8.8
S2,593.1
22,01.3.0
.3
23,1.37.'.
23,576.3
23,001.1.
23,001.'.
•35.9
138.9
22,779.1.
21,821.1.
22,202.1.
632.8
577.0
636.2
81.1.
22, 711. It
22,075.2
22,1.U3.9
9.5
9.7
-267.5
111.2
-35.9
21,8E5.5
21,952.8
8.7
-21.5.8
10.5
10.7
230.9
22,273.1.
22,501. .3
-.1.
22,503.9
7.2
7.9
6/
7/
8/
2/
Unexpended
balance
9,936.8
11,230.7
22, 1. 51..
631..
58.0
60.0
571^.6
-138.8
325.2
-68.0
Source: See Table 1.
1/ Includes transactions under the predecessor Old-Age Reserve Account.
2/ Beginning November 1951, the total includes small amounts of receipts,
in the nature of recoveries frcm expenditures Incidental to the
operations.
For basis, see "Budget Receipts and Expenditures," Table 1, footnote 11.
Through 1952, consists of transfers frcm general fund for administrative
and other costs of benefits payable to survivors of certain World War II
veterans (60 Stat. 979 and 6I1 Stat. 513); beginning with 195l^, consists
of transfers fron the Railroad Retirement Account (see Table 0).
To cover employees of States and their political subdivisions, under
provisions added by the Social Security Act Amendments of 195O
(1.2 U.S.O. ItlB).
51.0
66.0
U89.8
Investments
76.2
93.8
October. ..
November .
December
33.0
'•0.5
Assets, end of period
1,766.3
1,675.5
7.1^
5,551.3
Net Increase
or decrease (-)
In assets
65.1
62.7
3.9
2.6
2.6
727.3
l,98e.U
6,1)68.9
11,309.9
12,892.6
11., 735.6
16,600.0
1956 -July
August . . .
September
607.0
305.0
320.0
3,'t0lt.8
Befunds of
taxes 6/
l,l(98.1
2,627.5
3,275.6
•,333.1
5,360.8
6,a80.0
7,165.0
10,01.6.7
100.7
110.5
'•23.1
'',k87.5
1,263.3
1,582.7
30.3
30.1
1937 to date jj
2,750.0
10,01.6.7
1957 (Est.)....
1958 (Est.)
March
'•3.3
92.
98.6
171.6
59.6
39.3
te.3
51.9
59.9
21.. li
.
25.7
Bureau of OASI
2/
1953
195^
1955
1956
26.0
27.1
30.7
5.2
19.1
"•,187.5
2,01(1.3
.9
5.2
111.
Administrative expenses
219.0
I9U9
1950
1951
1952
U38.O
Expenditures other than
InrestmentB - (Ccmtlnued)
Beljubursementa to
general fund 8/
3.6
3.7
3.7
Benefit
payments
2,319.9
660.5
78U.I
1,568.5
2,067.1
3.3
11.6
9.6
29li.6
356.2
821.9
1.1
1,030.3
230.2
256.8
287. >•
333.5
3,931.5
I*,
1953
2,106.1i
Deposits b;
States 5/
702.8
560.5
550.1
57l^.8
21,831.1.
618.5
602.3
687.7
22,503.9
21,586.8
21,673.7
21,815.3
686.6
830.6
688.7
22,503.9
21,815.3
688.7
22,555.1
22,519.2
Be Imbureement to the general fund pursuent to the SociaJ. Security Act
Amendments of 1950 and 1956 (U2 U.S.C. UOl (g)(2)).
Includea fldjustmenta to monthly statement basis.
under the Social Secxirlty Act, as amended (U2 U.S.C. 1*01 (g)(1)), for
amounts expended by the Departatent of Health, Education, and Welfare
(and predecesBor agencies) and the Treasury Departauent for the administration of Title II of that act and the related parte of the Internal
Revenue Code (26 U.S.C. U80-482, IUOO-IU32). (See also footnote 9).
Salaries and expenses of the Bureau of Old-Age and Surrlvors Insurance,
which are paid directly from the trust fund beginning with 19'*7, under
provisions of annual appropriation acts; and also for construction of
Prior to 19^7, salaries for the
an office building, beginning 195^Bureau were Included In reimbursements to the general fund un^er the
provisions of what la now section UOl (g)(1) of the U. S. Code.
..
.
,
.
May 1957
11
.TRUST ACCOUNT AHD OTHER TRAMSACTIOHS
Table 7.- Unemployment Trust Fund
(In millions of dollars)
Receipts
State accounts
Fiscal year or nonth
1936 Ji8
,
19l'9
1950
1951
1952
1953
Ballrcad Unemplojinent Insurance Account \/
Transfers from Administration Fund
Deposits by States
Contributions 2/
11,562.9
98U.O
1,098.8
1,362.6
876.9
1,61.3.3
l,li39.0
15. l.
ll.lt
1,593.9
15.0
17.8
ll.2
1,728.1
1,371.1
1,2U6.0
1,1U6.2
1,330.1
13,570.7 S/
1,173.2
1,281.0
l.SH.fi
195''
l,'t92.5
1955
1956
i,i4a5.'>
^
.1
66.5
9.0
9.7
5.l»
Federal Unemployment Account U/
Transfers from
general fund
Interest on
Investments
957.3
180.1
167.1
164.1
184.5
U.9
202.8
1.6
3.6
llt.2
27.6
22ll.ll
167.8
199.1
198.9
62.0
52.5
223.0
253-1
61<.3
l,8ol».5
l.WO.O
1,885.6
1,1>80.0
1956 -July
August . .
September
81.0
370.8
23.1
80.3
36e.2
October. .
November
December
73.0
260.0
125.3
61.9
251.1
W.l
.3
.2
188.9
31.1
U3.6
182.7
20.3
6.2
9.9
»
1.0
26,6U8.2
22,576.2
l,01ll.O
1957 (Est.)...,
1956 (Est.)....
.
.
.
1957 -January..,
February.
Harch
1936 to date 6/.
77.0
97.0
2.1>
.5
.1
3.0
.1
.1
8.5
7.6
111.9
17.5
.7
.5
10.6
9.0
6.7
101.1
99.8
232.1
2,592.0
ficpendltures other than Investments
Assets, end of period
State accounts
Fiscal year or month
Withdrawals
by States
1936-48
1949
1950
1951
Ballroad Unemployment Insurance
Account i/
Net increase,
or decrease (-),
In assets
Investments
Ubexpendad
balance
8,323.0
6,182.4
7,437.9
8,079.2
8,673.9
8,298.4
8,138.3
7,414.3
8,064.2
8,647.1
24.6
44.1
23.6
15.0
26.9
9,246.7 6/
8,994.3
8,454.3
8,789.8
9,237.0
8,989.0
8,443.8
8,701.5
9.7
5.4
10.5
88.3
78.8
51.0
Benefit
payments
8.323.0
-140.6
-744.5
641.3
594.7
1952
5,247.7 5/
1,313.8
2,025.5
900.3
1,048.6
4,966.3
1,227.1
1,879.0
848.3
1,000.3
174.3
86.7 1/
146.5 1/
52.0
48.3
1953
1954
1955
1956
1,009.8
1,744.9
1,965.4
1,392.6
912.6
1,604.8
1,759.5
1,287.0
140.0
205.9
105.7
584.0
-252.4
-540.0
335.5
1957 (Est.)...
1958 (Est.)...
1,504.4
1,534.4
1,370.0
1,400.0
134.4
134.4
300.0
351.2
9,089.8
9,441.0
9,0U.0
1956 -July
August ...
September
121.4
118.6
102.7
U4.2
7.2
-40.4
15.0
252.2
92.
Ii
10.3
-79.6
8,749.4
9,001.6
8,922.0
8,715-5
8,990.5
8,918.5
33.9
103.5
10.5
10.6
11.4
-22.2
163.3
l.l
8,899.9
9,063.2
9,064.2
8,869.5
9,040-5
9,061.1
30.4
96.
124,
84.8
86.1
112.9
22.7
3.1
187.2
177.2
176.7
172.0
165.5
163.9
15.2
11.7
12.8
-143.0
11.6
-145.6
8,921.2
8,932.8
8,787.3
8,900.6
8,905.6
8,781.6
20.6
27-3
5.7
17,860.9
16,592.5
1,161.3
8,787.3
8,787.3
8,781.6
5.7
October.
November
December
1957 -January.
February
March
1936 to date 6/
95
97.3
Source: See Table 1.
Eicli^es Interim advance of $15 million from the Treasury and subsequent
repayment, both taJclng piece In the fiscal year 1940.
g/ Represents contributions under the Railroad unemployment Insurance Act
of 1936, as amended (45 U.S.C. 36O (a)). In eicose of the amount specified for administrative expenses.
i/ Represents excess funds of the Railroad tbemployment Insurance Administration Fuol, transferred pursuant to the act of October 10, 1940
(45 U.S.C. 361 (d)).
4/ Represents excess of collections from the Federal unemployment tax over
employment security administrative expenses, to bo used to establish and
SKlntaln a $200 million reserve In the Federal unemployment account which
Xf
5/
6/
7/
•
9,390.0
U.l
3-6
will be available for advances to States pursuant to the act of
August 5, 1954 (42 U.S.C. 1102).
Total Includes $107.2 million transferred from State accounts to the
Railroad Unemployment Insurance Account In connection with Its
establishment, pursuant to the Railroad Unemployment Insurance Act, as
amended (45 U.S.C. 363)Includes adjustments to monthly statement basis.
Incl\»les transfers to the Railroad Unemployment Insurance Administration Fund as foUows: $9-7 million In 1949 and $2.6 million In 1950,
representing odjustment for over-collections due to retroactive change
in tax rats (45 U.S.C. 358).
Less than $50,000.
12
Treasury Bulletin
-TRUST ACCOUirr AHD OTHER TRAHSACTIOHS _
Table 8.- Railroad Retirement Account
(In ffllUlone of dollara)
:
.
May 1957
13
TRUST ACCOUHT AMD OTHER TRAMSACTIONS
Table 10.- Investments of Specified Trust Accounts In Public Debt Securities,
by Issues, as of March 31, 1957
(In mllllana of dollara)
Federal Old -Age
and SurvlTore
Insurance Trust
Fund
Public Iseues:
Certificates of Indebtedness:
S-lA* - Series D-1957
Treasury notes
2-7/8* - Series A-1958
- Series A-I96O
3-1/2
131.0
5^.1
Treasury bonds
2-3/8* - 1958
a-l/U - 1959-62 (dated 6/lA5)
2-lA - 1959-62 (dated 11/15A5)
2-3/U
2-1/2
2-1/2
-
2-1/2
2-1/S
2-1/2
- 1963
2-1/2
2-1/2
2-1/2
-
-
-
1961
1961
1962-67
.5
(dated k/lSAS)
-
196lt-69 (dated
-
1965-70
1966-71
-
.5
.9
3.3
5.0
58.6
1963-68
- 1961t-69
I19.O
9/15A3)
116.5
20.8
75.3
.56.5
308.1
2-1/2
2-1/2
2-1/2
-
2.6
-
138.2
3-iA
-
3
-
2-3A
1967-72 (dated 6/lA5)
1967-72 (dated 10/20Al)...- 1967-72 (dated ll/lsAS)
1978-83
1995
Investment Series B-1975-80.
Total public issues
Special issues:
Certificates:
2-1/2* - Series 1957
2-7/8 - Series 1957
Notes:
3*
-
68.2
1,081.9
2,625.8
19,188.8
Series 1957 to I96I
Total spec ial issues
Net unamortized premitm and discount
Accrued interest purchased
Total InTestjaenta
9.8
"tS.l
19,188.8
Kallroad
Betlrement
Account
Unemplojruent
Trust Fund
Treasury Bulletin
It
.CASH INCOME AND OUTGO,
The caeh Income and outgo data appearing In the
"Treasury Bulletin," beginning with the February 195^
Issue, are on a basis consistent with receipts from and
payments to the public as derived In the 1957 and subsequent Budgets of the United States, Special Analysis A.
Reconciliation to cash deposits and withdrawals In the
account of the Treasurer of the United States Is shown on
the same basis as In the Budget documents.
There Is also
shown the amount of net cash borrowing from, or repayment of
representing cash received from the public. Federal cash
borrowing from the public includes net borrowing by the
Treasury thi'ough public debt transactions and also net
borrowing by Government agencies and Government-sponsored
enterprises through sales of their own securities.
It excludes changes In the public debt which do not represent direct cash borrowing from the public. The net
effect of all these transactions with the public Is
reflected in changes In the balance in the Treasurer's
borrowing to, the public.
By these arrangements, data In
accordance with the Budget classifications are made availFigures for back years have been
able month by month.
account and In cash held outside the Treasury.
revised where necessary In order to make them as nearly
similar In general concept to those included In the Budget
comparable with the Budget classifications as available
data will permit. For this reason certain of the figures
affect the balance in that account.
differ somewhat from those published In earlier Budget
documents as well as In the Bulletin.
Cash transactions through the Treasurer's account are
series,
but are limited In coverage to transactions which
On the other hand,
they include receipts from the exercise of monetary
authority, which are excluded from receipts from the public
in the Budget series.
The Budget series of cash transactions Is designed
to provide Information on the flow of money between the
public and the Federal Government as a whole, and therefore
series of transactions with the public is based on the
account.
Includes transactions not cleared through the Treasurer's
Receipts and payments Include transactions both
United States Government,"
In budget accounts and In trust and deposit fund accounts.
Operations of Government-sponsored enterprises are Included
In payments on a net basis ae reflected In Treasury reports.
by all collecting and disbursing officers and includes
Major Intragovemmental transactions which are reported as
both expenditures and receipts are eliminated from both.
account, beginning with the figures for the same year, are
reported in daily Treasury statements.
Noncash Items which represent accrued obligations of the
Government to make payments In the future are also eliminated
prior to 1953 both cash transactions series are based on a
single source, namely, the earlier basis of dally Treasury
from expenditures but are added later when actual payments
are made.
Receipts from the exercise of onetary authority
(mostly seigniorage on silver)
are
excluded
as
not
Beginning with figures for the fiscal year 1953. ^^^
'Monthly Statement of Receipts and Expenditures of the
iriilch is compiled from reports
those transactions not cleared through the Treasurer's
account.
Cash deposits and withdrawals in the Treasurer's
For those years
statements which reported separate classifications for
trust account transactions, etc.
budget results,
..
.
May
)
)
m7
,
15
CASH INCCME AHD OUKX)
Table 1.- Summary of Federal Goveminent Cash Transactions with the Public
(In mlllloaa of dollars)
Net cash transactions vlth the public
other than borrowing
FiQcal year
or month
Federal receipts froal
the public
Federal paynente to the
public
m9.
•1,576
1950.
1951.
1952.
1953.
liO,9UO
1.3,11.7
53.390
68,013
1.5,797
1.0,570
Excess of
receipts, or
payments (-)
1,006
-2,207
7,593
Plus: Net cash
borrowii^ from
the public, or
repayment (-)
Plus: Becelpts from
exercise of
monetary
authority
1.6
-1,1.62
2,01.7
^lv9
-5,796
-505
1.3
68
-5,271.
2,919
56
1,839
-388
-2,299
-232
-e,7oe
2,512
1,809
J.,366
73
2,096
257
29
-551
i.,i.7i
23
331
-312
-202
-51.6
-78
1
-kk
-1
71,6e7
67,836
77,08U
71,860
70,538
72,613
1957 (Est.)....
1958 (Est.)....
81,720
85,923
78,265
3,1.55
-*,109
30
8a, 970
2,953
-2,991.
1.1
5,895
6,686
5,699
-1,931
-Uoo
1,191
J.39
2
6,671
6,355
7,312
-2,981.
-1,527
\,2hO
1,333
219
-71.7
-1,173
3,961.
October. ..
NoTeaber .
December..
3,7''7
1957-January..,
February..
March
5,3''9
7,561.
U,70l.
6.096
7,088
6,630
19^7 to date.
57,260
58,1.33
5,972
5,785
Cash held outside
Treasury, Increase
or decrease ( -
25
1955.
1956.
6,286
6.889
Treasurer's account
balance, Increase,
or decrease (-)
l.,229
71,''99
1956-July
August.. .
September.
Change In cash balances
•2,513
67,96U
76,773
195lt.
B)uale:
2,372
3
-2,369
2,019
-9I.6
3
2l>9
5
5
-1,7M
62
1,071.
-U9
l>
-1,350
1.5
-1.35
3
-1,162
1.76
37
3
5,073
-1,11.2
5
3,821.
-17
-69
112
2,238
33
i,ja7
-29
-383
Source; Actual flguroe throu^ 1952 are based on tba dally Treasury
statement and thereafter they are based In part also on the monthljr
stateaent of receipts and expenditures of the Oorensent (foo*
581.
ezplanatloa of reporting bases, see page II); estljBstes are based on
the 1958 Budget doctnent released January I6, 1957, Including
effects of proposed legislation.
Table 2.- Sumnary of Cash Transactions through the Account of the Treasurer
of the United States
(In 'millions of dollars)
Net cash transactions other than borrovlng
Fiscal year
or month
Cash
deposits
Cash
vlthdrovals
Excess of deposits,
or wlthdravals (-)
Plus; Net cash borrowing, or repayment of
borrowl r^ ( -
Bluals: Treasurer's
account balance, Increase, or decrease (-
1.1,622
1.0,965
53,1.33
1K),1.62
1,161
-2,622
-1,1.62
1.3.079
-2,111.
I..I6I
1.5.71fl
2,0U7
1,839
67,791.
71,31.5
76,M)7
7,715
287
-5,062
-5,875
68,061
1955.
1956.
71,815
67,758
77,079
69.888
1957 (Bat.)....
1958 (Est.)....
1956-July
August
.
September.
191.9.
1950.
1951.
1952.
1953.
1951..
October, .
November .
December .
1957-January . .
February .
March . , . .
April.
1957 to date.
-671.
2.763
71,981.
-159
-2,130
5,096
78,187
82,970
3,563
J.,109
85,96".
2,991.
-2,991.
3,701
6,579
6,877
5,603
6,855
5,6*9
-1,902
-276
1,228
2,295
3,1.31.
6,W)9
6,576
7,1*8
-2,975
-2W.
81,750
71,97'>
2,255
1,579
-388
-2,299
-l.,765
2,096
-551
331
-51.6
-1.67
-2,369
2,019
-979
21.9
1,231.
-1,7*1
-1,51.9
1,318
199
-1,350
12,235
5,599
6,802
7,203
-713
625
5,032
-1,208
-1,162
58U
3,a2U
li,80l.
6,726
-1,922
-219
.2,11.2
611,870
-2,696
1,681
-1,015
6,332
5,899
li,886
7.l>27
62,171.
Source: Actual figures are based on the dally Treasury statement; estimates
are baaed on the 1958 Budget document, released January l6, 1957. Including effects of proposed leglslatlcn. Fl^vres In the first four
-1.50
-1.1
1,07".
^T i^mn of this table nay differ soaewhat from those originally published in the dally Treasury statement because of subsequent reclaaeiflcation of certain transactions.
^
Treasury Bulletin
16
CASE mCQME AND OUTGO
Table 3.- Derivation of Federal Government Receipts from the Public, and Reconciliation to
Cash Deposits In the Account of the Treasurer of the United States
(In Billions of dollars)
nscal jear
Budget
or Bonth
(net)
1/
19''9
37,696
1950
1951
1.7,568
1952
1953
61,391
195''
6l.,655
1955
1956
60,390
68,165
1957 (Jst.)...
1958 (Sat.)...
611,665
Intra^orem-
Trust
aocouDt
1/
wntal
tranaactloae
(Seo Table ^)
5,71''
liSjItlO
1,781.
6,669
7,796
8,807
8,929
U3,l61i
2,197
1,930
2,116
2,199
55,361.
70,198
73, 75*
8U
y
1,831.
2,221.
1,971.
68
56
2,185
2,255
73
In the
Treasurer
accoxnt
1.1,622
1.0,965
53,1.33
''1,576
1.6
1.0,91.0
25
53,390
68,013
1.3
68
71,1.99
56
-210
71,31.5
2,183
2,090
2,767
71,627
67,836
73
29
77,081.
23
llU
-107
-28
71,815
67,758
77,079
81,720
85,923
30
kl
68,081
30
Ul
,21.5
',597
6,372
6,970
631
83
78
2
3,961.
2
-265
3
3
633
86
81
6,286
6,889
3
3
290
3,81.1.
5
97
3,7'.7
3,1.31'
5
617
U
76
6ei
5,972
5,785
355
6,1.06
5
5
k
-318
6,0li9
93
71
UO
6,332
5,899
5,1.58
7.61.6
106
60
96
3
109
83
101
5,3''9
3
7.56U
U.TOl.
3
J.66
-1*0
527
12.235
81., 965
15,859
1956 -Julj
August . .
Septeaber
3, '•85
1,112
'•,951'
1,1119
6,218
753
October..
HoTSBber
DeceBber.
3,181'
'•,818
660
1,231
5,1' 12
99lt
It, 809
6,188
10.737
1,1158
1 068
Source:
autborltj
'.3
Cash
deposits
.
Total deductlona
U6
25
Blxials:
3,215
3,515
l'',337
73,
650
onetary
Beconcillatlon to cash transactions In Treas\n'er*s sccount
Bguala;
Federal
Plus:
Becelpts MJustaent for
receipts
net difference
from the fron exercise
due to reportof ncnetarj
public
ing Bethod (Bee
authority k/
also Table It)
89,1179
70,628
73,620
retaruary.
Receipts
froM
ezerclae of
29
69,926
79,851
Haroh....
Exceee
profit*
tax refund
bead r«demptlona
2,110
2,061
2, 71.3
9,155
9,536
11,685
195 7 -January.,
Deductlona trcm reo«lpts
Lbsb:
B»o«lpta
11,805
23
,556
3
5
Footnotas
See Table 1.
foUov Table
81,750
85,961.
3,701
6,579
6,877
-15
5
U,886
7,1.27
7.
Table 4.- Derivation of Federal Government Payments to the Public, and Reconciliation to
Cash Withdrawals from the Account of the Treasurer of the United States
(In BlllloDs of dollars)
IntragorernBental
transactions
Trust
Fiscal year
cr Bcnth
Budget
i/
anl
deposit
C oremHOt
tvtii
entenrlae
(net) i/
accoTAt
apooflored
(See
2/
39,507
39,617
191.9
1950
1951
195e
1953
1.1.,058
65,1.08
71. ,271.
Table 5)
3,852
6,96*
3,65*
5,317
5,288
-3*1
*3 ,018
-83
-U9
*6,*97
*8,ooe
70,359
79,W.3
J.356/
7*, 5*2
291
-366
Reconciliation to cash transactions
In the Treaaurer's account
Deductions
frcB expandlturea
Less:
Expend ltnr«s
Squala
Federal
Accrued
pajim tfl
Interest
to the
and other
public
ncncaah
expenditures
(See Table 6)
-257
312
-6**
-183
•
78,265
82,970
78
5,895
6,686
5,699
-1
**
1
28
-265
77
3*
290
,603
,855
178
-15
6*9
6,671
6,355
7,312
62
6
119
-*5
15
-318
355
110
*09
576
6,096
7,088
6,630
-*66
-1*0
5,599
6.8oe
527
7,203
80,836
86,302
3,215
3,515
5,902
1,029
801
-*5
10
l.,9l8
81.6
191
6,526
6,713
5,955
631
83
78
October..
RoreBber.
DeceBber.
5,995
5,726
5,718
959
857
809
23
10
93
26
6,978
6,593
6,553
71
617
215
166
-1,376
1957 -January..
6,095
5.7*3
5,58*
1,112
1,095
-2*8
27
-50
6,959
6.865
6.876
106
80
96
757
-303
150
U,970
1956 -July
August. .
SeptaBbar
5,51.2
Pstmss7a
Marob....
Sowa:
See Table 1.
1,31.2
1/
71,97*
69,868
71,98*
71,860
70,538
72,613
-3*
1**
68,900
71,807
9,1.36
11*
-107
-28
572
615
9*3
ll>,351
1957 (1st.)...
1958 (Est.)...
8,51.6
-210
*0,*62
*3,079
*5,7l8
67,79*
76,*07
*0,570
*3,1*7
*5,797
67,96*
76,773
73,21*
76,299
1955
1956
6/
108
68
79
170
155
256
230
399
the
Treasurer's
accouit
66*
1,153
275
279
*72
98
32*
7,201.
FroB proceeds of sales
Frca cash
Bsrket of agency
held outside In the
and public
the Treasury obligations
debt securitlee (See
*/
Table 7) 5/
Adjustment
for net
difference
due to
reporting
aethod
(See eleo
Table 3)
1,78*
2,197
1,930
2,116
2,199
2,110
2,061
2,7*3
67,772
61., 570
66,5*0
1951.
Payaents to the public not
reflected In the Treaaiirer'B account
Less:
Bluals:
Cosh
withdrawals
froo
-56
202
17
69
-112
Footnotes follow Tsble 7.
78,187
82,970
20
15
78
66
*iie
...
'
,
May 1957
17
CASH INCOME AND OITTGO.
Table 5,- Intragovernmental Transact lone Excluded from Both Receipts and Payments
(in mllllcaxe of dollars)
Budget receipts vfalcb are
Budget realso budget expenditures
ceipts which
are also
Interest paid
trust fund
to Treasury
Other
expend Itures
by public
1/
2/
enterprise
fm^Ls
Fiscal year
or month
191^
1950
1951
1952
1953
32
73
Govemment-
102
iWt
Interest on
eponsored
enterprise
expenditures
170
18
20
25
59
87
Trust fund receipts which are also
budget expenditures
Budget receipts
which are also
investaient In
public debt
securities
Interest
on xmInvested
trust
funds
Payroll deductions fca*
employees
retirement kj
8111
327
358
378
880
892
987
1,09 It
29
ll'7
10
Il20
Trust fund
receipts which
are also
Other
5/
366
834
398
573
U63
2
2
2
18
16
16
2,110
2, 061
29
30
3,215
3,515
195^
1955
1956
228
6
173
1957 (E»t.)...
1958 (Bit.)...
I187
1956 -July
AuguBt ...
September
33
9
•
8
3
U
October .
November
December.
2
1
3
167
57
31
7
337
52
53
53
25
18
2
63
u
3
7
It6
1
It
18
66
6
298
1957-Janiiery
515
.
February,
Marcb.....
Source:
trust fund
expenditures
6/
3
7
l,781t
2,197
1,930
2,116
2,199
1,188
1,173
1,207
lt30
7
18
68
81
101
57lt
167
166
521
9
10
106
2U2
1,322
1,'»03
585
588
670
719
36
61
553
631
It
3
83
16
it9
It
78
U39
1
3
5
2,7113
93
71
3
It
617
3
106
80
96
rootnotee follcw Table 7-
See Table 1.
Table 6.- Accrued Interest and Other Noncash Expenditures Excluded from Payments
(In mllliane of dollars)
Fiscal year
or month
Ret accrued
Interest on
savlngB bonds
and Treaeuiy
bills 1/
Clearing
account for
public debt
Interest 2/
It72
-lit
-115
572
-8
-7
109
156
175
-55
615
335
9113
-7
-5
-1,000
-500
298
177
127
-1
-1
-1
-111
-332
»
-55
-56
-7
-199
19
-1
Ul
78
191
186
-329
-Jt
-19
-56
67
13
19
-205
135
It97
68
26
-15
See Table 1,
1,153
275
279
-1
-1
52 It
Source:
66lt
1183
-2llt
I156
1957-January .
February,.
March
366
28
-250
1955
1956
.
6
207
13
-9
195''
.
-98
-itl
28
638
758
718
October .
November
December
-25
-2I1
5711
,
Clearing
account
for
checks
outstanding,
etc. 8/
-16 It
-95
-160
-68
581
1950
1951
1952
1953
1956 -July
August . . .
September
^
Ret iDvestment
In public debt
securities
Included In
ezpen
nditures
-2
-2
-1
-1
-1
19''9
1957 (Est.)...,
1958 (Eat.)...,
noncash expenditures InrolTlog issuance
of public debt securltleB }J
Special notes of U. S. 6/
MJusted
Armed forces
service
International International
leave bonds
Monetary Fund
bonds It/
Bank series
series
3ltO
365
It8
21
itl
"•3
5
-llOl
23
-6ltli
-*3
-183
178
215
166
-1,376
-579
-5116
300
-121
-130
377
757
5
-303
150
Footootes follow Table 7.
lUl
Treasury Bulletin
18
.
CASH INCOME AND OOTGO.
Table 7.- Derivation of Federal Government Net Cash Debt Transactions with the Publ ic.
and Reconciliation to Net Cash Debt Transactions through the Account of the
Treasurer of the United States
(Bet borroHlnc or repajaent of borrovlQe (-); In nlLLiona of doLlAre)
Change in public debt and agency obllgatlona held
Flacal joar
or Donth
Plm: Bet sale of obligations
of Goren^ent enterprises In
Public debt
Increaae, or
decrease (-)
1949
1950
1951
1952
the narkBt
Public and
trust enterprise funds
k-fi
-I16
"•,587
-8
10
llU
-59
-2,135
3,883
6,966
1953
195k
1955
1956
1957 <EBt.)....
1958 (Est.)....
1956 -July
August....
Septenber.
GoTeriKentsponsored
enterprises
Trust funds
-28
-Ik
37k
-186
33
the public
PubUc
Gorenment-
enterprise
funds
spcusored
enterprises
-koe
6
28
104
101
79
313
69
8k
179
153
-77
126
101
kk6
171
5k9
62
170
55
106
-k,777
-3,133
35
-58
2,337
5,189
-Ik
11
6ae
173
269
872
1,686 i/
1,236
2,516 2/
-2,151
391
-l,liOO
1*90
21
250
2,921
2,197
-105
22
lU
276
698
-Ik
-10
-k8
192
1
2,919
-1,31*
-22k
10
October...
Boreaber.
December..
1,022
->.5
ko
-323
l,73'i
-70
-389
-U
-3
-5
303
-101
1957-January...
February. •
March
-399
205
35
298
-1
2k7
67
-286
156
kl
2
9
-87
13
kO
-1B7
227
18
-137
ko
-1,271
Less:
Fiscal year
or Month
Adjusted
sa-rlngs
sernce
bonds and
Treasuiy
bills 3/
bonds
2/
Armed
forces
leave
boids 1/
Special notes of 0. S. 2/
Intematlcaal
Bank
series
International
Monetaiy
Find
series
581
57k
638
758
718
28
195k
1955
1956
52k
k97
k56
-Ik
-8
-7
1957 (Bat.)....
1958 (Bat.)....
3k0
365
1956 -July
August...,
September.
k8
21
kl
October...
Boveaber..
Deceaber.,
k3
kl
78
1957-JanuBry...
Fabruary.,
Maroh....
67
19
5
See Table 1.
-2
-2
Sxcess
profits
tax
refukd
bends 6/
Total
deductions
-2,226
k,870
-5,308
175
3,6k0
3,130
:
2,k5k
-3,7k3
-k06
-913
16
-13
1,283
1,370
-283
-31
Deductions for nnncaBh and other transactions
19k9
1950
1951
1952
1953
Soorca:
5
Issuance of public debt securltlee representing
expenditures, or refolds of receipts k/
Set
accrued
Interest
CD
Binale:
Increase In
securities
held by the
public, or
decrease (-)
3,369
3,355
3,068
2,311
3,U5
-1,623
"bj
Less: Bet InTestaent In Federal
securltlee by Oorerment agencies
Bquals:
Bet cash
borrowing
froa the
public, or
repaynent
-68
-66
-1,268
Less:
Transactions
not
reflected
In
the
Treasurer's
account j/
Equals:
Bet
cash
borrowii^
through
the
Treasurer'
account, or
repajaent (-]
722
-2,513
k,229
-5,796
-505
2,919
108
68
79
170
155
-2,622
k,i6l
-5,875
-67k
2,763
109
156
175
618
6kk
623
2,512
1,809
-k,366
256
230
399
1,579
-k,765
-7
-5
-1,000
-500
-667
-IkO
-k,109
-2,99k
-1
-1
-1
-Ik
-55
-7
33
-35
33
2,372
28
TT
-9k6
3k
-979
k3
l,2kO
37
-501
1,333
-579
6
15
20
300
-121
-130
367
-k35
-103
-126
-l,lk2
1,23k
1,318
199
-k50
-kl
-1,208
-I6I.
-95
-160
-68
-2k
-25
-kl
-98
207
-k
-1
13
-9
-1
-1
-k
Footootee
oc;
287
6k2
k89
680
followli^ page.
-k39
219
37
2,255
-*,109
-2,99k
15
78
66
-*67
2,295
.
May 1957
19
,
CASH INCOME AHD OUTGO
Footnotes to Table 3
^
2/
^
For further detail, eee "Budget Becelpts and Ecpendltures," Table 1.
Par further detail, see "Trust Account and Other Tranaactlona," Table 2.
Treated as noncash refund deductions froa receipts when Issued and as
cash refund deductloos when redeeaed.
CoDslets of seljpiloragfl oa ailrer and Increnent resulting fron reduetloo In the weight of the gold dollar; excl\ided from receipts froa
the public but Included In cash depoalta in the Treaaurer'e account.
Leea than $^00,000.
Footnotes to Table 4
^
2/
^
Par furUier dst&U., see ''Budget Beoelpts and &Ependltiir«B^'' Table 2.
Far ftD'ther detail, see "Trust Aocoixit and Other Transaotiona," Tables 3,
Includes net obange In balsnoes In GorenxBent-epCDsared
\y azid ^.
enterprise deposit fund accoixita vlth the IbTeasurer of the Hilted States,
Net operating expenditures, or receipts (-), as measucred by fuids proridod
by or applied to net security tronsactiozB reflected In Treasuz? imports
(aee Table 7)* To a laree extant, these GoTBrxmeot-flponflared snterprisee
aeoure funds for their operations by dlx«ct borrawing fxtn the public or
by cashing federal eecurities vhiob they hold, and they apply the
net Inccme received fron operations to repaynont of borrcwlng frcm the
public or to InTOslanent In Fbderal aecurltlea. On that baals, net ex-
penditures for operations are shewn in this table in texns of the
ccnblned net of dlalnreatasnt In Federal aecurltlea and sale of agenoy
obllgationa In the naiicet, and net receipts frca operatlona are ahovn
In tenia of the ccmbined net of inrestaient in Fademl securities and
redanpticn of agency obllgatlcns in Uie market.
Hot reported ptrlar to 195^.
Ccnslate of cnly those Bartot transaotlosia not cleared tbrouE^ the
kj
^
6/
2/
'Qreaaurer's accomt.
See Table 7, footnote 1.
Does not Include receipts representing acquired aecurltles aaotntlng
to $1,61*3,070 (par value).
*
Less than $^00,000.
Footnotes to Table 5
1/
2/
^
U/
Federal Intermediate credit bank franchise tax through Dwcember 1956 and
beginning 19^3 > also relabursenent by Panama Canal Ccrapany for expenses
and services.
Includee reiaburaeaent by Federal Old-Age and Surrlvora Insurance Truat
Fund for adalnistratlve expenses and, beginning fiscal year 19^3 » also
for ref\nds of taxes (treated as an offaet to refunds rather than being
credited to receipts); reimbursement by Federal Dlsablljtj Inaurance Trust Fund and Highway Truet Find for admlolatratlve expenses
and by Highway Trust Fuod for refmds of taxes; reimbursement by the
District of Coltabla; Federal Intermediate credit bank franchise tax
after December 19^; and in 19^9, proceeds of ship sales which had been
carried in trust accoints pending allocatlca to budget receipts from
sale of surplus proper^.
Conslate of payment of eamings and repayment of capital stock to the
TreaaiOT through 1952, «nd begliaii^ 1955, payment of firaiwhise tax
by banks for cooperatives.
Includes relatively eDnall amomts of deductions from salaries paid by
trust funds and Government -spcnsored enterprises.
Consists of Uhlted States and Government corporation ehares of
contributions to employees* retirement funds, and payments to the
Railroad Bstlrement Account (for creditable military service), the
Unen^loyment Trust Fund, veterans' life insurance funds, trust fund
for technical eervices end other aselatance under the agricultural
conservation program, awards of Indian Claims Ccaunlsalon, and
District of Columbia.
Includes District of Columbia share of contributlona to the Civil
Service retirement fund; payments to Federal Old -Age and Survivors
Insurance Truet Fund by Railroad Retirement Boards and by Federal
Disability Insurance Trust Fund estimated fcr 1957 and 1958;
transfers from Civil Service Sretlrement fund to Foreign Service
retlreiMnt t\j[A except 1S>57 actual expend Itxnres; and transfers
from Railroad nnemployment Insurance Administration Fund to Unemployment Trust Fund.
Less than $500,000.
"2/
6/
•
Footnotes to Table 6
1/
Accrwd dlBOOtnt on ssrlnsB bends and bills leas interest paid on
seir-
6/
Inge bonds and bills redeemed.
2/
2/
y
Public debt Interest accrued and nt^ald beglnnljig Jima 30, 1955, eff*ctlTB date of the change in accounting and reporting flt» a due and
paTahle basis to an accrual basis; for 195't, consists cnly of public
debt interest checks and coupons outstanding; net increase, or decrease (-). Hot reported as a separate clearing sccovnt porlor to 195't;
interest reported nhan paid \ij Treasurer prior to Horenbor 19^9.
Treated as noncash expenditures at the tins of issuance of the securities ani as cash eipeirfitures at the tine of their redemptioni net
issuance, or redemption (-),
Issued in I936 in exchange for adjusted serrice certificates heM by
vetenuB of World. War I. The bonds matured In 191*5.
Issied in 19't7 in pajment for acciumlated leave. The last of these
bonds matured in 1951.
Part of the Halted States subscription to the capital of the Internaticn&l Bank for Reconstrvction and Dovelopaent and to the International Monataiv Fund was paid in the fom of naiinterest-bearing,
nonnegotiable notes payable on demand (see I9VJ Annual Beport of the
Secretary of the Treasury, pages W, 350, and 385). The last of the
notes Issied to the Banlc was redeemed in 1950.
vhollj ouned Goremment enterprises; beginning 1951, such net inexpenditures
..yBtJiiontB are reported separately and are not included in
(see "Trust Accomt and Other Transactions," Table k).
reports
telsgrajUc
and
transit,
In
deposits
less
ChecliB outstanding
fron Federal Beserre Banks; Increase, or decrease (-). For public
debt interest included prior to I95I1, see footnote 2.
^
2/
8/
•
Less than $500,000.
Footnotes to Table 7
2/
3/
In this table, beginning 195'l, in accordance with treatment in Bud{;et
doetaents, net InTestmont in ttolted States securities by Goremmentsponsored enterprises includes a small amount by other enterprises
U
regarded as repreaenting net transactions with the public. In Table
ui^er "Trust Accoint and Other Trensactions," these amomts are Ininreatment.
clixied in trust and deposit find acco\«it
Does not incline Inreetments representing acquired securities amounting
to $1,6113,070 (par ralne) and donation of securities smountlng to
$*5,800 (par Talus).
AccriMd discomt on sarings bonds and bills, which is included in the
larilKipal of the public debt, lees interest paid en sarings bonds and
jt/
5/
6/
JJ
bills redeemed.
Treated as n-r^'f^' transactions at the time of issuance and as cash
transactions st the time of redemption; net issuBoce, or redemption
Ezclnled frt« borrowli^ because the transactions are treated as expenditures in Table 6.
Elcluled fj-tmi borrowing betause the transsctions are treated as deductions ftran receipts In Table 3.
obllgatlcns.
|4M-ket transactions in public debt securities and agency
Less than $500,000.
20
Treasury Bulletin
IKBr OUTOTANDOG AHD D^EASURER'S ACCOUHT
Table 1.- Summary of Federal Securities
(In
Total outatandli^
Bid of
flac&l
j—T or
mimana
OuaranTot*l 1/
ontb
PubUo
tMd
lat>t
aeourltlea g/
19*9
1950
1951
1952
252,798
257,377
255,251
259,151
232,770
257,357
255,222
259,105
1953
195k
1955
266,123
266,071
271,260
1956
272,825
278,751
7*
280,822
280,769
53
272,719
275,6W.
V>
79
85
271,3''l
27ti,kl8
1955-Dacaabar.
of dollars)
Xntaraat-baarlas dabt
27
20
29
k6
52
81
27'i,37*
Public
dabt
Hatured dabt and dabt boarlog no intaraat
Ouarantaed
aaoorltlaa 2/ 1/
Public dabt
ttaMtalT
Total
250,785
255,226
252,879
256,907
250,762
255,209
232,832
256,863
2*
17
27
**
2,012
2,150
2,372
2,2**
2,009
2,1*8
2,370
2,2*2
2*5
265
263,997
268,990
271,795
269,956
263, 9»6
268,910
271,7*1
269.883
51
80
*3
73
2,126
2,351
2,63*
2,869
277,851
277,799
52
27O,0W
73
271,7'>5
269,972
272,959
271,660
Otbar
2/
512
*19
1,063
1,270
1.263
1.27*
701
613
575
550
2,125
2,350
2,633
2,868
298
*37
589
666
1,302
1,*11
1,567
1,7*2
525
502
*77
*6o
2,970
2,970
857
1.6*5
*67
2,675
2,607
2,601
2,67*
2,606
2,601
*88
*78
*ei
1,728
1,673
1,666
*57
*55
*5*
1956 -Julj
Auguat...,
Saptaabar,
27>>,3'>6
272,6*5
275,565
27^,261
October. .
RoTaaber..
Dacaabar.,
275,372
277,111
276,731
275,283
277,017
276,628
89
272,809
272,720
89
9*
103
27>>,565
27'i,*71
27* ,219
93
loe
2,56*
2,5*6
2,*09
2,563
2,5*6
2,*08
**5
*32
87*
1,666
1,662
1,083
*51
*51
1957-Januar7..,
Fabruarj,.
Harcb ....
276,335
276,378
275,106
276,229
276,269
27V, 999
107
109
109
273,8011
273,698
273,919
272,773
106
108
109
2,532
2,351
2,227
2,531
2.350
2,226
698
6*1
6*7
1,383
1,262
1.132
*50
**8
**7
,
273,037
27*, 322
272,881
79
8*
Sowca:
X/
^
\/
*/'
Dallj Traaaurj stataaant.
Inclndaa cartaln obll^tlcoa not eubjaot to atatutorj llaltatlao.
For aaointe subjoct to llaltatlon, aa« pa^ 1.
Bccludea guarantaad aacurltlaa bald bj tha Traaaurj.
Ccnalata of PEA dabentures beglnalng Harcb 1953.
Special notes of tbe Uilted States laaued to the International
Mooatarj rmd in paTvant of part of the Uilted States eubacrlptloo.
Table 2.
^
Guarantaad
aaourltlaa 2/
(aaturad)
*52
pwauant to jirovlaloaa of tha Brattco Wocda Asresaanta Act. Tba
notes bear no Interest, are nooaagotlable, and are payable on
deaand. Similar notes Issued to tbe International Bank and outstanding 19*7-19*9 are Included under "Other."
Includes saTlngs staaps, oxceaa proflte tax refuel booda, ourrencj
Itaas, and notes Isaxaad to the International Bank (see footnote *).
Par current aonth detail, see "Statutory I>ebt Llaltatloa," Table 2.
Interest-Bearing Public Debt
(In BllUcna of doUara)
Public laausa
Total
Bid of
riacal
year or
BODth
Intareetbearlog
public
dabt
HooMrke table
MarkBtable
Total
Treasury bonds
public
laauea
CertlfIcataa
Botea
29,*27
I8,*l8
9,509
28,*23
15,85*
3,596
20, *0*
35,806
18,963
30,*25
60,789
53,159
*2,772
*8,200
63,960
*9,636
*9,636
36,061
27,*60
17,2*5
18,*05
13.836
16,303
31,960
*0,729
35,932
71,706
81,057
81,8*0
8,672
Bank
ellslble
Bank reatrlotad
saringa
booda
TraaautT
aarlQge
DOtea
160
156
1*2
12*
62,639
67,5**
80,281
78,717
76,073
56.260
57.536
57,572
57.685
57,886
*,860
8,*72
7,818
6,612
*,*53
96
71
50
76,326
73,285
69,817
58,061
58,365
57.*97
5,079
36
other
boola
2/
O. S.
250,762
255,209
252,852
256,863
263,9*6
217,986
222,853
218,198
219,12*
223, *08
155,1*7
155,310
137,917
1*0, *07
1*7,335
11,536
13.533
13,61*
17,219
19,707
195*
1955
1956
268,910
271.7*1
269,883
226,681
228,*91
22*,769
150,35*
155,206
15*,953
19,515
19,51*
20.806
1955-Dk..
277,799
233,873
163,251
22,313
15.7*1
*3,285
81,862
50
70,622
57.92*
1956 -July.
Aug..
Sept.
Oct..
269,972
272,959
271,660
272,720
27*,*71
27* ,219
22* ,618
226,905
225,827
227,238
228,7*9
226,581
15* ,953
157.332
156,391
158,016
159,791
160,375
20,807
20,809
20,807
22,*10
2*, 161
25.179
16.303
19.523
19.523
19.523
19.523
19,023
35,963
35.122
35,169
35.19*
35.223
35.29*
81,831
81,826
80,8*3
80,838
80,833
80,826
50
50
50
50
50
50
69,665
69,572
69,*35
69,222
68,956
66,206
57,376
57,336
57.273
57,1*2
56,9*6
56,293
273.698
273.919
272,773
228,367
228,**9
227,169
160,51B
160,899
159,92*
25.275
25.316
25.262
19.023
20,216
19,k33
35.3*7
33.9*0
8o,8B3
80,818
50
3* ,367
80,8u
50
67,8*9
67.550
67.2*6
56,010
55,823
55,619
Dec..
1957-Jao..
I^b..
Source: Dally Treaaury atateaent.
1/ Issuss vhlcb co^aerclal banks (banke accepting deaand depoelta) were
not paraltted to aciiulre prior to specified datea, except that;
(1)
ccBcurrently vith tha *th, 5th, and 6th Uar Loana aol the Tlctcry
Loan, they were permitted to subscribe for limited InreetaeDt of
Treaaury
bonds,
Inreat-
»Qt
Depoe-
Special
Issues
Itary
bonds
series
19*9
1950
1951
1932
1953
or..
Araed
foreea
leaTo
bonds
162
50
a/
1.913
396
297
*7
95*
95*
1*,526
1*,0*6
13,268
12,775
12,589
12,009
369
285
319
373
**7
*u
*17
310
32,776
32,356
3*,653
37,739
*0,538
*2,229
*3.250
*5.U*
12,300
362
*3.926
U,98e
307
300
268
273
266
*5,353
*6,05*
*5,83*
*5,*8b
*5,722
*5,639
262
2*8
238
*5,331
*5,k70
*5,6<a
11,931
11,862
U,793
11,739
U,6*8
11,577
11,389
303
their sarins dopo«lt«; (2) tbmj mlgbt teaporarllj acquire auoh
Iseuee through fodrfelture of collateral; (3) thej mlgbt hold a
limited aaovnt of such ieauea for trading purpoeee.
CcKialste of Pmaaa Can&l booda, and alao poatal aavlngs boola intU
the laat of theae bcnda aatured on JiUj 1^ 19^^,
,,,
May 1957
21
rCBT OUTSTANDING AND TREASURER'S ACCOUHT
Table 3.- Special Issues to United States Government Investment Accounts
(In BlUlonri of dollars)
7od«ral
Dlsabllltj
iMuranco Insurance
Corpora'
Trust
tlco
Fund
F«dBral
Depoelt
Bad of flsc&l
joar or month
and
SiarriToora
IiMuranca
Truat Fmd
U7
9,003
lO.lilB
81.6
892
232
17,05"^
"•3,250
^5
200
18,239
"•5,11".
673
52
'•3,926
667
67k
67k
675
673
660
37,739
666
8oe
868
888
"•0,538
195''
l»2,229
1955
1956
32,776
32,356
3''
,653
1956 -July
August...,
S«ptanb«r,
"•5,353
".6,05*
October..,
NoTeBber..
Dacanber..
'iS.Ute
"•5,722
'•5,639
1957-Janu«r7 . .
Fabruary..
March
'•5,331
,
Fedaral
hcae
loan
banke
119
77
50
50
igkg
1950
1951
1956
1953
1955-DeceBber.
Fedjaral
"'5,83"i
l.5,1^70
".5,603
Foderal
Ciiiai iiint
Sarlngs
0Bpl07a«e
and Loan
retlraloBuranca
Bant
Coorporafunds
tlon
CoranBant
LI fa
Inauranca
Fund
Rational
Poatal Ballroad
Sarlnga BetlraBjataa ant
Inauranca
Account
1/
Fwd
Btefava; Sarrtca
Trwt
Foal
Ufa
1,318
1,292
1,300
1,300
1,299
7,288
5,3k2
5,k36
5,191
5,2k9
1,952
i,8oe
706
552
k52
1,720
2,058
2,klk
61
3,270
3,817
k,391
5,01k
5,602
5,85k
19,'^67
8h
9k
103
6,l£8
6,667
1,23k
1,233
1,217
5,272
5,3k6
5,k8l
6I>
18,663
93
6,k57
1,207
52
52
52
19,229
19,610
19,'^83
91
91
91
7,185
7,195
7,20k
1,211
1,206
1,203
19,233
91
671.
50
50
50
19,3''5
19,22".
92
95
1,198
1,19k
1,191
7kl
720
702
50
50
50
16,980
19,067
19,189
98
7,207
7,197
7,215
7,22k
7,228
7,217
110
95
79
12,096
l*,0k7
15,532
86
79
100
9k
Sourca: Dallj Traaa\a:7 atataaant.
Xf Includea Canal 2ona Poatal Sarlngo SjatoB.
2/ Conslata of: Adjusted Serrice Cartlflcats Find, tln-oogb DscaAar 1956,
Table 4.- Computed Interest Charge
iind
1,189
65
1,178
112
207
Ur*enplo7-
ent
OVbn
Truat
2/
Fund
7,3kO
7
6
6,6l/S
2,863
3,128
7,266
7,Tk5
8,287
32
213
91
6
3,3k5
3,k86
3,600
8,02k
7,k79
7,737
112
5,36k
26
3,k99
7,789
97
5,k73
5,k69
5,k6l
6
6
6
3,567
3,609
3,586
7,751
8,0e6
7,99k
U5
U7
5,k57
5,k51
5,kk5
6
3,535
3,519
3,510
3,k69
3,k9e
3,k79
7,905
8,076
8,096
127
132
7,936
7,9kl
7,807
130
132
136
6
6
5,kk3
5,k36
5,k31
6
6
6
13
9
2k
79
119
133
Tarlous housing Inauranca funda, fvcm Tanant Mort«[a0a Inatoranca Find
ttarough March 1956, and 7at«rana* Spaclal Tarm Inauranca Fiad.
Computed Interest Rate on Federal Securities
(Dollar aao\xite In alllicoa)
Cos[puted annual Interest rate
Total Intereat-baarlne sacio-ltlaa
Aaoiait
Bad of
riaeal jear
or Booth
outatandlng
Coaputed annual
Interest cbarga
Marketable lesues
Interest-
Public dabt
and guarantead sacurltlas 1/
Public
debt
1953
290,785
255,226
252,879
256,907
263,997
250,762
255,205
292,852
296,863
263, 9k6
5,606
5,613
5,7kO
5,982
6,k32
195k
1955
1956
268,990
271,785
269,996
268,910
271, 7kl
269,883
19*9
1950
1951
1956
Public debt
Total
,
Public debt
and guaranteed aecurlties 1/
bearing
securities
9,606
5,613
5,7kO
9,981
6,k31
2.236
2.200
2,270
2.329
2.k38
2.236
2.200
2.270
2.329
2.k38
2.001
1.998
1.961
2.051
2.207
2.29k
6,300
6,388
6,952
6,296
6,387
6,990
2.3k2
2.391
2.576
3k2
351
2.576
2.0k3
2.079
2.k27
1.939
2.65k
Public
debt
Total
Ouaranteed
coarket-
Total
public
debt
able
Treasury
lasuee
booda
Special
laauea
securities
Bllle
Certificates
otes
1.176
I.IB7
1.569
1.229
1.163
1.879
1.879
2.319
1.379
1.3kk
1.399
1.960
1.79k
2.313
2.322
2.327
2.317
2.3k2
2.629
2.969
2.623
2.659
2.720
2.996
2.989
2.606
2.675
2.7*6
2.210
2.68k
2.656
2.578
2.979
1.928
1.173
1.838
1.8k«
2.075
2.kk0
k80
2.k89
2.791
2.789
2.82*
2.671
2.985
2.709
9*7
590
2.606
2/
1.7U
.8k3
2.625
y
u
1955-Daceaber .
277,851
277,799
6,91*
6,913
2.k90
2,k90
2.323
2
Ml
2.390
2.937
2.k89
2.812
2.992
2.581
1956 -JuU
August.,.,
Septeaber.
270,0W.
273,037
27l,7k5
269,972
272,959
271,660
7,031
2.605
2.607
2.6lk
2,605
2.607
2.6lk
2.k76
2.k8l
2.k93
2.566
2.5k9
2.651
2.625
2.6k6
2.6k6
2.33k
2.3k2
2.3kO
2.ke9
2.k85
2. 626
7,100
7,029
7,113
7,096
2.k&
2.827
2.828
2.706
2.70k
2.70k
2.600
2.59*
2.59*
October..,
Horesber..
Deceaber..
272,809
272,720
271", ".71
27'.,219
7,170
7,2ke
7,321
7,167
7,2k6
7,318
2.630
2.6U2
2.671
2.630
2.6k2
2.671
2.521
271.,565
27k ,322
2.837
2.959
3.0k6
2.6*6
2.6k6
2.928
2.3kO
2.339
2.337
2.ka2
2.k£e
2.ka2
2.829
2.831
2.836
2.7C0
2.7<B
2.703
2.991
2.593
2.592
273,80".
273,698
273,919
272,773
7,3kO
7,kk5
7,k33
7,338
7,kk2
7,k30
2.683
2,719
2,726
2.683
2.719
2.726
2,612
2.673
2,68k
3.179
2.928
2.838
3,222
3.320
2.336
2.399
2.380
2.1ia2
3^59
2>a2
2.8IK>
2jka2
2.8*1
2.703
2,703
2.702
2.589
2.593
2.995
1957-Jaauar7..,
February,
March....
27k ,027
272,881
7,U5
Sourca; Sally Treasury etatenent.
S0te: The co^uted annual iotereat charge repreaenta the aaoisit of
Interest that would bn paid If each Intereat-bearlne Isaua outstanding at the etad of each acnth or year abould reaaln outstanding for a
year at tJhe applicable annual rate of Interest. The charge la coaputed for each Issue by applying the appropriate annual Interest
rate to the aaotmt outstanding oo that date. Tlxa aggregate charge
for all Interest-bearing laauea coiiatltutea the total co^uted
amisl Interest charge. The average anmial Interest rate Is ccq^oted
^
2/
3/
*/
2.51,2
2.591
3;26l
by dlTldU^ the cosq^uted annual Interest charge for the total, or tar
any group of laauea, by the c rea pflnrilng jarlnclpal eaount.
Ezclulea guaranteed aecurltlea held by the Treasury.
Total Includea "Other bonds"; aee Table 2.
Included In debt outatandlj^ at face aaount, but dlscotsit value la
uaed In coaputlr^ annoal Interaat charge and aoKaaal Interest rate.
The annisl Interaat charge and amaal Interest rate on United States
saTli^a bonis are c<^putad 00 the basla of the rate to aaturlty appliad
agaloat the aaotait outatanrllng.
m
22
Treasury Bulletin
DEBT OUTSTAHDIMG AND TREASUREE'S ACCOUNT
Table 5.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
1/
(In allllooa of dollars)
Export
CcoBodlty Inport
Credit
Bank of
Corpora- Washington
tloo
2/
Bid at
riBC&l
jear or
BCOtll
1,669
3,193
2,555
1,970
3,612
191*9.
6,851
1950.
1951.
1952.
1953.
8,1.23
12,^5
1955.
1956.
2C,0l>9
1955-Dec.
l8,6li5
9,875
1956 -July
Aug.
Sept
19,litO
10,071
10,536
10,66U
9,027
9,56".
12,869
16,175
19,591
19,756
U.lBO
7,608
11,190
Federal Housing
National and Home
International
Cooperation
AdDlnlstraAssocia- Administion 1/ trator k/ tlon 5/
Mortgafie Finance
911t
1
30
961t
1,040
1,088
1,227
l,3fc7
2,038
a.itW
2,233
1,966
kk
67
loe
215
61
38
154
2,091
2,207
2,343
172
162
151
29
367
14
491
50
2,276
141
537
1,U2
19
74
2,403
2,403
2,403
176
226
252
584
584
584
1,194
1.197
1,201
27
28
2,453
2,453
2,425
252
288
219
584
584
634
1,200
1,202
1,204
2,485
2,485
2,560
255
634
634
1,226
1,249
1,273
1,2U
1,213
1,213
1,936
175
196
196
l,20ll
1,204
1,204
1,204
1,20S
1,202
i,aoe
21,350
21,695
U,90li
12,067
12,336
1,205
1,205
1,205
2,108
223
2,20lt
2lt8
1,996
268
2l,9lil
107
178
270
15"'
1957-Jsn.
reb.
Mar.
Defense
Production Other
2/
Act of
1950 8/
39
34
2,001
1,921
1,975
2,078
2,163
Veterans'
direct
loan
prosran
49
44
2,002
1,217
1,227
1,227
1/
7alley
Authority
65
58
78
117
1,268
11,076
11,318
U,61iO
tratlon
T3k>ler
TenneBaefi
1,015
1,281
1,527
1,731
1,933
1,221
1,22U
l,2l6
20,265
20,665
21,067
Mmlnls-
Secretai7 of
Agriculture
1,856
1,456
274
197
159
1,203
1,209
1,213
Oct.
BOT.
Dec.
tratlon
Bural
Electrification
337
349
489
655
655
130
165
206
206
206
JklBlnls-
Beconstructlon
Finance
Corporation 6/
782
964
1,097
1,150
1,189
1,95"»
1,310
1,239
Public
Housing
Source: Dally Treaaur? statement.
The securities shown In this table were issued to the Treasux7 to
finance Goremmsnt corporations and other agencies vlth the Treasuz?
Itself raising the necessary funds through public debt operations.
To avoid diipllcatlan, these securities are not Included in the
guaranteed debt outstanding as shown In preceding tables.
g/ Excludes securities Issued under Defense Production Act.
2/ Flrom September I950 through July 195^, consists of notes of the
Housing and Heme Finance Administrator, Issued to borrow for the
Association. Beginning August 19^, consists of liabilities taken
over by titie Association fron the Administrator In accordance vlth
Public Lav 560, opproved August 2, 195**, a«l notes Issued by the
Association under authority of that act; and beginning September
I95U, also secxuritiee transferred frcoi the Reconstruct ion Finance
Corporation (see footnote 6), Prior to September 1950, the Assoelation was financed from funds of the Becc«uitz*uctlon Finance
Corporation J which owned the capital stock.
U/ Consists of notes issued to borrow for the urban renewal program
(fonaerly slum clearance program), the prefabricated housing loans
program frcn Septenber 1950, ^en it was transferred from the Reconstruction Finance Corporation, throu^ November 195**; college housing
loans beginning July 1951; and public faciUt^ loans beginning
January 1956. Notes Issued to borrow for the Federal National Mortgage Association from September 1950 through July 195^ are shown
under the Association.
5/ Established In the Department of State by Erecutlve Order No, IO61O,
dated May 9, 1955, onA effective at the close of business June 30,
X955» ae successor to the Foreign Operations Administration. Data
for earlier periods are for predecessor agencies. Beginning
September 195^, figures exclude notes previously Issued by the Administrator in connection vlth InfoxraBtlcnal media guaranties. The
obligation of these notes was aseaed by the Director of the IMited
61
57
51
54
53
53
90
68
52
256
292
584
6»
U
X/
^
1/
2/
2/
158
395
4l6
773
1,002
1,144
226
100
100
2
16
27
43
46
51
53
54
55
58
States Infoxnatlon Agency, pursuant to Sec.
of Public law 726,
approved July I8, 195^) and the notes together vlth others Issued
for the same purpose are included In "Other."
Eicludes securities Issued under Defense Production Act of I95O; includes securities issued under Federal Civil Defense Act of 1950
through November 1953, after which they were taken over by the
Secretary of the Treasury, pursuant to the act approved July 30, I953
(67 Stat. 230), and ore included under "Other." During September
195^, under Reorgonitatlcn Plan No. 2 of I95U, the remaining secxarlties issued by the Corporation to the Treasury were transferred as
follows: $1+2 million to Krport-Import Bank of Washington, $92 miUicn
to Federal National Mortgage Association, and $lU mllHon to a—
Business Administration.
For Farmers' Home Administration program.
Consists of notes of the Administrator, General Services Administration beginning Jonuory I951 (Administrator, Defense Materials Procurement Agency, January 1952 through July 1953) for defense
materials procurement; Reconstruct ion Finance Corporation, January
1951 through September 1953 (after which its activities taider this
act were transferred to the Secretary of the Treasury), and the
SecretaiT of the Treasury beginning October 1953; the Secretaiy of
the Interlcar (Defense Minerals Exploration Administration) beginning
June I95IJ the Export-Import Bonk of Washington beginning April 1952;
and the Secretary of Agriculture beginning June 195^*.
Consists of notes Issued by Federal Farm Mortgage Corporation and
Homo Owners' Loan Corporation prior to 1950; Virgin Islands Ccnpany,
I9U8-49; Secretary of the An^ (Natural Fibers Revolving Fund),
191*9-51. Secretaiy of tiie Treasury beginning 1953 (aw footnote 6);
aoall Business Administration beginning September 195**) and for infonas
ticnol media guaranties hj the Oblted States Infozmatlon Agency beginning September 195^ ( see footnote 5 ) ; also r^enue bonds Issued by
Saint lAvrence Seavay Developaent Corporation, bo^innlng Hoveober 195'* •
May 1957
23
DEBT OUTSTANDING AND TREASURER'S ACCOUNT
Table 6.- Status of the Account of the Treasurer of the United States
(in mllHooB of dollars)
Assets
&id of fiscal
year or aoath
Bullion, coln^ and currency
Deposits in Federal Beserre Banlcs
Arallable
fxiDds
Treasury Bulletin
2k
STATUTORY DEBT LIMITATION
757 b)» provide* that the face amount of obligations Issued
ginning on August 28, 195^, and ending on June 30, 1956,
by acts approved August 2S, 195^. and June 30, 1955; and
under authority of that act, and the face amount of
by $3 billion beginning on July 1, I956,
obligations guaranteed as to principal and Interest by
the United States (except guaranteed obligations held by
the Secretary of the Treasury), shall not exceed In the
June 30, 1957i by an act approved July 9, I956. Obllgatlona
Issued on a discount basis, and subject to redemption prior
aggregate $275 billion outstanding at any one time,
statutory debt limitation at current redemption values,
(31 U.3.C.
The Second Liberty Bond Act, as amended
and ending on
to maturity at the option of the owner, are Included In the
I
except that this amount was Increased by $6 billion be-
Table !•- Status under Llmitationt March 31, 1957
(In mlllloDs of dollars)
Maxima aaount of secorlties which aaj
of
JuM
26, 191*6 (31 U.S.C. 757
l>),
be outatandlng at anj ona tlae, ludar llMtatlcn imposed by the act
aa liKPeaaad temporarily by the act of JtOj 9, 1956
278,000
I
Anount of securities outstazidioe subject to such atatutcry debt llnltatlon:
U. S.
GoTermwnt securities leaned under the Second Liberty Bond Act, aa aaanded
Guaranteed aeourltles (excluding those held by the Treaamr)
27k, S^S
yy^
,
Total anoint of securities outetandlng subject to statutarr debt limitation
27^,657
Balance Issuable under llMltation
Source:
3 ,3^3
Dally Treasury stateaent.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding March 31, 1957
(In
mlUioDs of dollars)
Subject to
statutory debt
limitation
Class of security
Public debt!
Interest -bear log securities:
Marketable
Treasury bills
Certificates of Indebtedness
Treasury notes
Treasury bonds ,.
Panama Canal bcods
25,262
,
,
19,">33
3"»,367
80,8U
Total marlce table
,
HGomarketable
T7. S. savli^s boode (current redemption value)
Depositary bonds
•
Treasury bonds, Investment series
Total noonarfcetable
Special iasnes to
Gorement
.,
agencies and truat
fwde
Total interest -bear U^ securities
Matured eecurltles on idilch Interest has ceaaed
.•..
Debt bearing no interest:
united States earings stamps
...•••...•••••
••••••••••
Excess {orofltB tax refind bonds.,.,...,.,.,,,.,.«.«.,.«,,.. ••••••..•*••,
Special notes of the Oil ted States:
International t4oDetai7 Pmid Series. •••.•.•••. •••••••••••••••••..,••,
Tftilted States notes (leas gold reaerre)..,.,,,. •.•••••••••
Dej^oalte far retirement of national bank and Federal Beaarre Bank notes.
Other debt bearing no interest
,
,
Total debt bearing no interest. •••
Total public debt
Guaranteed aeourltles!
X/
Intereat-bearlzig
•
•
Matured
Total guaranteed securities
Total public debt and guaranteed seciffltlee
^.*
....•••••.•
Hot subject to
statutory debt
limitation
Total
oufts tend log
May 1957
25
26
Treasury Bulletin
.DEBT OPERATIONS,
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding March 31, 1957 - (Continued)
(In Bllllans of dollars)
U
k
May i957
27
DEBT OPERATIONS.
Table 2.- Offerlngrs of Treasury Bills
(Dollar amounts In millions)
Deecrlptlon of new laaue
Maturity
date
Kumber of
daya to
maturity
Amount of
blda
tflodared
Anount
maturljig on
Asount of blda accepted
Total
amount
On oco^etItlTe baslG
On nonccnrpet Itlve baale 1/
In
exchange
28l.lt
31I1.9
105.9
70.8
72.5
32.0
Total una-.
tured laauBS
laaua date
outatandljig
of new
offortng
after new
laaues
Regular Serlea;
1956-Dec. 6
Dec. 13
Dec. 20
Doc. 27
1957^an.
1957-Jtar.
91
91
91
91
2,232.3
2,310.0
2,351.9
2,386.2
1,600.0
1,600.0
1,600.3
l,6lU.6
1,318.6
1,285.0
1,266.8
1,331.2
91
91
2,378.2
1,600.0
1,600.5
1,317.5
1,226 .U
282.5
91
91
91
2,809.7
1,1711.0
I126.5
33.lt
1,285.8
2,623.7
1,600.5
1,600.5
1,700.2
1,365.11
3II1.7
33I1.9
91
91
2,626.0
2,718.7
1,700.2
1,700.5
1,379.3
1,358.6
320.9
23
31
91
2,579.7
92
2,7'>1.2
1,799.8
1,801.7
1,U70.6
1,502.8
329.2
298.9
6
91
91
91
91
2,768.8
2,829.3
1,800.5
1,802.2
1,603.8
1,600.7
1,1191.3
309.2
357.5
397.6
92
2,369.1
2,562.1
2,939.0
2,706.7
1,603.5
1,270.9
1,232.6
1,188.0
1,236.7
3,786.1
1,005.6
1,601. It
1,7^9.9
7
Mar. lit
Mar. 21
Mar. 28
Apr.
U
Jan. 10.,
Aw.
11
Jan. 17
Jan. 2lt
Jan. 31
Apr. 18
Apr. 25
Ma;
let.
Feb.
Ill
May
May
Tab.
'SI
Flab.
28
3
7
2
2,5'»3.7
2,lil6.9
333.5
283.
37I1.I
3ltl.9
1,601.1
211,159.7
l,6oo.li
l,600.1t
2U,159.2
2li, 159.1
1,600.5
2lt,173.2
32.6
29.5
1,601.2
1,600.3
i,6oe.7 2/
1,600.7
1,600.1
1,601.6
2lt, 172.0
2I1, 172.1
22,569.U
22,569.1
22,569.5
22,668.1
32 .It
72.1
1,600.7
1,601.0
103.6
1,599.8
1,600.1
22,767.6
22,867.0
21,117.1
21,317.1
21,518.7
180.8
35.0
1,7119.9 3/1
May
May
Mar. 7
Mar. lU
Mar. 21
Mar. 28
June 13
Jme 20
J\me 27
Apr. I4
Apr. 11 p
Apr. 18 p
Apr. 25 p
July 5
July
July 18
July 25
J\sie
U
91
91
91
2,7113.6
2,61i8.3
l,6ll.li
l,600.li
1,600. li
l,liltlt.7
1,206.3
1,253.2
3117.5
50.I1
57.li
28.7
63.8
31.5
332.6
378.8
16.
ltl2.1l
W.O
363.7
I13.8
li3.li
1,600.0
1,600.0
1,600.3
l,6lU.6
1,600.0
1,600.5
1,600.5
1,600.5
21,719.2
21,921.11
21,9211.9
21,911.1
21,911t.6
21,925.6
21,925.5
21,925.11
Tax anticipation aerlea:
1956-Dec. 17
1957.Jan. l6
Feb. 15
Mar.
June
June
22
2l»
2li
95
159
129
2,1113.9
2,302.0
61t8.2
357.lt
1,1190.9
UO.5
1,633
116.5
-It
38.2
73-1
l,601.1i
3,351.3
Treasury Bulletin
28
DEBT OPERATIONS.
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Farlod to
Date
of
iBBUd
eubaorlptlon
books vere
open«d
2/15/53
2/15/53
2/^/53
Aunmt of
-
tendered
Mktnrtt?
2-lA* Certificate
-
2-1/216 Bond
Aaount Issued
Bubeorlptlosia
Deaorlptlon of aeourltj
Cash 4/
'•/1/53
1-1/2* Note
*/l/58-EA
5 JT
5/1/53
3-1/** Bond
6/15/78-83
30 yr
5/20/53
6/1/53
2-5/8* Certificate
-
6/l/5*-B
1 yr
7/6/53
7/15/53
2-1/2* Certificate
-
3/22/5*-C
In exohaage
for other
securities
(In HlUlons of dollars)
8,11U
8,U*
620
620
1 jr
5 JT
2/15/5* -A
12/15/58 1/
Krohnnge
»or
cash 1/
383
25 yr
li
:
5,250
*18 S/
*,858
8,687
383
1,188
*18 5/
5,902
(tax ant. j/)
8/5/53
8/15/53
2-5/8* Certificate
-
8/15/5* -D
1 jr
2,788
2,788
9^/53
9/15/53
9/15/53
2-5/8* Certificate
2-7/8* Bote
-
9/l5/5*-E
3/15/57-A
1 jr
*,72*
2,997
*,72*
2,997
y
3
yr
10/1/53
1-1/2* Rote
10/1/58-EO
5 yr
XO/28/53
11/9/53
2-3A*
Bonl
9/15/61
7 yr
U/18/53
12/1/53
2/15/53
1-7/8* Note
2-1/2* Bond
2/1/51.
2/15/5*
2/15/5*
1-5/8* Certificate
2-1/2* Bond
!t/
5A/5l>
12/l5/5*-B
12/15/58 i/
,
-
2/15/55-A
1 yr
5 yr
U/15/61
1 yr
7 yr
''/1/5*
1-1/2* Note
*/l/59-EA
5 yr
5/17/5*
1-7/8* Note
2/15/59-A
*
1-1/8* Certificate
5/17/55-B
1 yr
121
10
Jm
10
5/17/5*
1*
Certificate
(tai ant. ii/)
7/21/5''
8/2/5*
8/3/5''
8/15/5*
8/15/5*
1-1/8* Certificate
2-1/8* Bond
10/* /5*
10/1/5*
9/23/5''
i/
8/15/5*
12/15/5*
12/15/5*
lX/22/5'l
2/1/55
2/15/55
2/15/55
2/15/55
3/22/55
*/l/55
3/22 /55-C
-
8,175
1,7*8
7,007
11,177
U,177
7,007
119
2,205
9,750
2,897
3,886
7i.
8/15/55-D 11/
8,175
1,7*8
U9
yr
H
5/5/5*
2,239
12,5*3
9,250
2,897
3,886
3,73*
U/15/60
1 yr
6 yr
3
1-5/8* Bote
5/15/57-B
2 yr
7i.
1-1/2* Note
10/1/59-EO
5 yr
99
99
8/15/55-D ii/
12/15/55-K
8/15/63
1 yr
8 yr
*,919
5,359
6,755
*,919
5,359
6,755
1 yr
2 yr
*0 yr
8,*72
3,792
1,92*
8,U72
3,792
1,92*
1-1/8* Certificate
1-lA* Certificate
2-1/2* Bond
-
3/15/56-A
1-5/8* Note
Note
Bond
2*
3*
1-3/8* Certificate
8/15/57 -C
2/15/95
-
1^
3,558
3,806
m
8,190
lyr
2^ n
6/22/55-K
3,558
3,806
*,155
3,210
7,938
(tax ant. l6/)
1-1/2* Note
*/l/60-EA
5 yr
5/3/55
5/17/55
2*
8/15/56-B 11/
1 yr
7/8/55
7/18/55
1-7/8* Certificate (tax ant. Ij/)
7/11/55
2/15/55
8/1/55
3*
2*
5/17/55
2*
*/l/55
k/
7/20/55
10/11/55
10/3/55
Note
Bond
2-1/** Certificate
3/22/56-A
2/15/95 15/
Certificate (tax ant. 22/)
Note
-
198
3,989
*0 yr
1 yr
3
8
6/22/56 -c
I
1
1
3,17*
821
1,720
lOi
198
2,532
2,202
10,620
6/22 /56-B
8/15/56-B IJ/
3,17*
1,*86
1,*86
6,8*1
6,8*1
8,778
2,970
(tax ant. 22/)
10/1/6O-BX3
5 yr
278
278
lyr
9,083
2,283
9,063
2,283
7,219
2,109
7,219
2,109
10/1/55
1-1/2* Note
12/1/55
12/1/55
2-5/8* Certificate
2-7/8* Note
-
11/28/55
12/1/56-D
6/15/58-A 2*/
2 yr
3/5/56
12/1/55
2-5/8* Certificate
2-7/8* Note
-
3/5/56
2/15/57-A
6/15/58-A 2*/
2 yr
*/l/56
1-1/2* Note
*/l/6l-EA
5 yr
l*l»
lUl.
7/16/56
7/16/56
2-3/** Note
8/1/57-D
lyr
12,056
12,056
8/6/56
8/15/56
3/22/57-B
2-3/** Certificate (tax ant. 25/)
10/1/61-EO
1-1/2* Note
!i/
y
10/1/56
6/2*/57-C
12/1/56
3-1/** Certificate (tax ant. 2l/)
3-1 A* Certificate -
2/15/57
2/15/57
3-3/8* Certificate 3-1/2* Note
2/l*/58-A],g,
5/15/60-a;S2/
2/15/57
2/15/57
-
'./1/57
3-3/8* Certificate
3-1/2* Note
1-1/2* Note
2/1*/58-aI-./
5/15/60-aJ22/
U/I/62-EA
3-1/2* Certificate
3-5/8* Note
-
5/1/57
12/1/56
11/19/56
I
aA/57
r
1
3/18/57
f
1
!t/
5/6/57
I
Footnotes on follcwine pafic.
3,221
10,613
5 yr
6^ D
10
10/1/57 -D
*/l5/58-B
2/15/62 -A
6
m
lyr
3 yr
1 yr
.1
2B9
289
1,312
1,312
7,271
7,271
8,*1*P
l,*6*p
8,*l*p
l,*6*p
7,*89 p
5,868 p
y
2,*37 P
9*2 p
5 yr
*
yr
lli m
9i m
n.a.
n.a.
n.a.
n.a.
May
mr
29
-DEBT OPERATIONS-
Footnotes to Table 3
Source: Bureau of the Public Debt.
Prelindjiary figures are from subscription and allotment reports; final flg\irea are on "clearance"
basis in daily Treasury statement.
1/ Consists of all public cash subscriptions and subscriptions by
2/
2J
United States Govermnent investment accounts.
For maturing securities exchanged for the new issues, see Table 5.
The 2-1/2^ bonds dated February 15 > 1953 > were reopened with all
the bonds of the series identical in all respects as an exchange
offering for the 2-l/8$ notes which matured December 1, 1953Total exchanges In the two offerings amounted to $2,363 million.
Exchange offering available to owners of nonnarketable 2-3/l|56
Treasury Bonds, Investment Series B-1975-80, dated April 1, 1951.
For further Infornfition on the original offering see "Treas\iry
Bulletin" for April 1951 j page A-1. Amounts shown are as of
April 30, 1957.
The bond offering was made available for exchange of Series F and G
savings bonds maturing from May 1 through December 31, 1953.
Total allotments on cash subscriptions were limited to approximately
$1,000 million. Nonbank subscriptions in amounts up to and including
All other subscriptions were allotted
$5,000 were allotted in full.
Commercial banks' subscriptions were restricted to em
20 percent.
amount not exceeding 5 percent of their time deposits as of
The Treasury also reserved the right to allot
December Jit 1952.
limited amciints of these bonds to Government investment accounts,
which subscribed to a total amount of $118 million.
Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to matiirity in payinent of Income and profits taxes
due March 15, 1951+.
Subscriptions for amounts up to and including $100 ,000 were allotted
Subscriptions for amounts over $100,000 were allotted 6?
in full.
percent but in no case less than $100,000.
Subscriptions for amoimta up to and including $10,000 were allotted in
Subscriptions from mutual savings banks, insurance companies,
full.
pension and retirement funds, and State and local governments were
allotted 2l| percent. All others, including commercial banks, were
allotted 16 percent but not less than $10,000 on any one subscription.
Subscriptions for amounts up to and including $10,000 were allotted
All other subscriptions were allotted 22 percent but In no
in full.
case less than $10,000.
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 vera allotted
Subscriptions for amounts over $50,000 were allotted
In full.
40 percent but in no case less than $50,000.
The 1-1/8^ certificates dated August 15 » 195l| , were reopened with
all the certificates of the series Identical In all respects, as an
exchange offering for the l-V/S? notes which matured December 15,
1951*, the 2% bonds which na tared December 15, 1954- » and the 2% bonds
Total exwhich were called for reden^jtion on December 15, 1954-.
changes In the two offerings amounted to $8 ,1+7'^ million.
allotted
to
and
including
were
Subscriptions for amounts up
$50,000
Subscriptions for amounts over $50,000 were allotted 50
in full.
percent but in no case less than $50,000.
The 35f bonds dated February 15 » 1955 » were reopened with all the bonds
of the series identical in all respects, as an additional cash offering
The total amount issued in the two operations was
on July 11, 1955.
$2,71+5 million.
,
_
it/
s/
b/
2/
3/
2/
10/
11/
12/
12/
ll|/
Ig/
1^
12/
18/
12/
2Q/
2X/
22/
23/
^'
2j /
,
26/
27/
Also designated tax anticipation certificates, acceptable at par plus
accrued interest to noturity in payment of income and profits taxes
due June 15 » 1955.
Tne 2% notes dated May 17, 1955, were reopened with all the notes rf
the series identical in all respects, as an exchange offering for the
1-1^8% certificates maturing August 15, 1955. Total exchanges in the
two offerings amounted to $10,015 million.
Cash subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 62 percent but in no
case less than $100,000.
Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of income and profits taxes
due March 15, 1956.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100 ,000 were allotted 19 percent but in no case
less than $100,000.
Subscriptions from savings-type investors totaled $7l|9 million and
were allotted 65 percent. Subscriptions from all other investors
totaled $970 million and were allotted 30 percent. Subscriptions
for $25,000 or less were allotted in full.
Subscriptions for more
than $25,000 were allotted not less than $25,000.
In addition to the
amount allotted to the public, $25 million of the bonds were allotted
to Government investment accounts. Savings-type investors were given
the privilege of deferring payment for the bonds , provided that not
less than 25 percent of the bonds allotted were paid for by July 20,
1955 » not less than 60 percent by September 1, 1955 » and full payment
by October 3. 1955.
Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of income and profits taxes
duo June 15, 1956.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100 ,000 were allotted 32 percent but in no case
less than $100,000.
The 2-7/8$ notes dated December 1, 1955 » were reopened with all the
notes of the series Identical in all respects, as a partial exchange
offering for the 1-5/8$ notes maturing March 15 t 1956.
Total exchanges in the two offerings amounted to $4j392 million.
Also designated tax anticipation certificates, acceptable at par
plus accrued interest to niLturity in payment of income and profits
taxes due March 15, 1957.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 29 percent but
in no case less than $100,000.
Also designated tax anticipation certificates, acceptable at par plus
accrued interest to naturity in payment of income and profits taxes
due June 15 1957.
The 3-3/8$ certificates dated February 15 » 1957, and the 3-1/2$ notes
dated February 15 f 1957, were reopened with all the certificates and
notes of each series identical in all respects, as an additional cash
offering on March 18, 1957. Total issues in the two offerings amounted
to $10,851 million for the certificates and $2 ,M.06 million for the notes.
Subscriptions in excess of $100,000 were allotted 3I percent for the
certificates and 12 percent for the notes. Subscriptions for $100,000
or leas for both issues were allotted in full and subscriptions for more
than $100,000 were allotted not less than $100,000.
In addition to the
amount allotted to the public, $100 million of the notes were
allotted to Government investment accounts,
Preliminary.
n.a.
Not available.
>
28/
29/
p
Treasury Bulletin
30
.DEBT OPERATIONS.
Table 4.- Allotments by Investor Classes on Subscriptions for Marketable Issues of Treasury
Bonds, Notes, and Certificates of Indebtedness i/
(In
leeue
nlUlone of dollars)
31
May 1957
.DEBT OPERATIONS.
Table 5.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Called or natarlng eecurlty
^
Issue
date
Descrlptlooa
DlBpOBltlon offers
by Treasiiry
Amount
outetandlng
Cash
retirement
Erchange
securlly
offered
Rosulte of eicheu^e offers
Turned
Exchanged
(In mlllons of dollars)
7/1/52-B
1-7/8* Certificate
1-7/8* Certificate
1-7/8* Certificate
9/l/52-I>
8/1/51
9/15/51
10/1/51
1,832
lO/l/52-E
10/15/51
10,861
1-7/8* Certificate
12/1/52 -F
12/15/51
1-7/8* Certificate
2/15/53 -A
8/15/58 -C
Total.,
583
2,1.16
1-7/8* Certificate
f
5,216
1-7/8* Certificate
Bond
2*
-
6/1/53 -B
6/15/53-55
1,063
8,868
1*,963
10/7/UO
725
5,688
2*
Certificate
8/15/53-0
8/15/52
2,882
2*
Bond
9/15/51-53
9/15/1*3
7,986
2-1/8* Rote
12/1/53 -A
2-l/lt* Certificate
S/lS/Slt-A
2/15/53
8,111*
1-3/8* Bote
3/l5/5lt-A
12/15/19
4,675
Bond
6/15/52-5't
6/26/1*1.
2-1/1** Bond
2-1/1.* Bond
6/15/52-55
6/l5/5'.-56
2/25/1.2
7/22/1.0
5,825
1,501
681
3/22/5^-0
7/15/53
5,902
6/15/52-51*
6/z6fkh
2/25/te
1,71*3
2*
10,5^2
Total
20,796
2-1/2* Certificate 2-1 A*
2-1 A*
Bond
Bond
Bond
6/15/52-55
6/l/5l*-B
2-5/8* Certificate
373
7/22/1.0
3U
6/1/53
1*,858
.Total.,
7,285
2-5/8* Certificate
8/15/5U-D
2-5/8* Certificate
9/l5/5'*-K
8/15/53
2,788
l*,T2l.
7,512
-
iZl-iSl'^-^
12/1/53
8,175
2*
12/15/52-5'*
12/1/W.
8,662
2*
- 12/15/51-55
12/15A1
510
1-7/8* Note
17,31*7
.
1*,963
1*3 U
1,575
in
for
cash 2/
Description of nev
security offered
Treasury Bulletin
32
.DEBT OPERATIONS.
Table 5.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness - (Continued!
Called or maturli^ aeourlty 1/
Date of
refunding
or retirement
iBsue
date
Deecrlptlon
2/15/55-A
2/I5/5U
Exchange
security
offered
Cash
retirement
(
1-5/8)1 Certificate -
Results of exchange offers
Disposition offers
by Treasui7
Amount
outstanding
Exchanged
In millions of dollars
7,007
7,007
5,735
1,166
I
1
2/15/55
1-1^* Bote
-
3/15/55-A
3/15/50
5,365
5,365
- 3/15/55-60
3/15/35
2,611
2,611
106
1-5/8* Bote
Bote
2*
3/15/56-A
8/15/57-C
326
1-5/8* Bote
Bote
2*
3/15/56-A
8/15/57-C
I36I.
1-5/8* Bote
Bond
3*
3/15/56-A
2/15/95
]
2,Ull*
f
2,626
1
2-7/856 Bond
Description of new
security offered
Turned
In for
cash 2/
I
323
I
1,92"*
1
l'*,983
II*, 188
795
of 1-5/8* Bote
Bote
3,792 of 2*
Bond
1,921* of 3*
3,886
3,17"*
712
2*
1"*9
2*
2*
387
2-5/8* Certificate
2-7/8* Bote
12/1/56-D
6/15/58-A
1.60
2-5/8* Certificate
2-7/8* Bote
12/1/56-D
,
6/15/58-A li/
81.7
9,083 of 2-5/8* Certificate
2,283 of 2-7/8* Certificate
11.8
2-5/8* Certificate
2-7/8* Bote
-
2/15/57-A
6/15/58-A IJ/
2-5/8* Certificate
-
2/15/57-A
8,1*72
ll*,983
3/32/55
1*
Certificate -
3/22/55-0
8/2/51*
3,73''
5/17/55
1-1/8)6 Certificate -
5/17/55-B
5/17/5^
3,886
6^2/55
1-3/eit Certificate -
6/22/55-F
lt/1/55
3,210
8/1/55
1-1/8* Certificate -
8/15/55-D
8/l5/5lt
8,1*77
8,1*77
1-1 A* Certificate - 12/15/55-E
12/15/5"*
5,359
5,359
- 12/15/55-B
12/15/50
6,85U
6,851.
12/1/55
I-3A* Bote
3,731*
2/
1,U86
{
'*,158
1
811.
I
""'^^
I
I
1,W9
12,213
12,213
8,UT2
8,1*72
U,366
'
3/15/56-A
2/15/55
,
3/5/56
lt/l/56-EA
l-l/2?t Bote
'•/I/51
Total
1,005
2
9,328
151
7,219 of 2-5/8* Certificate
2,109 of 2-7/8* Bote
12,388
550
11,528
528
860
2-3A* Bote
12,938
12,056
882
3/22/56 -A
7/18/55
2,202
2,202
Ijt/
Certificate
-
6/22/56-3
8/1/55
1,1.86
1,1*86
iS/
6/22/56
2-lA* Certificate
-
6/22/56-C
10/11/55
2,970
2,970 i5/
7/16/55
2>
Bote
l-l/2)t Bote
-
5/17/55
10/1/51
12,51*7
159 16/
-
e/15/56-B
lO/l/56-BO
550
13,097
159
9/15/56
2-3A»
-
9/15/56-59
9/15/36
982
982
12/1/56
2-5/8* Certificate -
12/1/56-D
12/1/55
9,083
9,083
J
1
2/15/57-A
3/5/56
7,219
7,219
2-7/8* Bote
1-1/2* Bote
-
-
3/15/57-A
U/1/57-EA
9/15/53
'./I/52
.Total
2,997
2,997
1
500
,
P
3-3/8* Certificate
3-1/2* Bote
P
3-3/8* Certificate
3-1/2* Bote
U98 p
{"920
p
J578
531
531
522 p
9 P
10,71*7
9,877 P
870 P
3/22/57
2-3A* Certificate
-
3/22/57-B
8/15/56
3,221
5/15/57
1-5/8* Note
-
5/15/57-B
loA/sit
"•,155
3-lA* Certificate
3-lA* Certificate
[282 P
10,71*7
-
6/2U/57-C ll/
IO/1/57-D
3-3/8* Certificate
8,1*11. p of 3-3/e* Certificate
1,1*61.
p of 3-1/2* Note
3,221 18/
Source: Bureau of the Public Debt Debt. Preliminary figures are from aubecrlptlon and allotment reporta; final figures are en "clearance" basis
In dally Treasury statement.
1/ Original call and maturity dates are used.
All
by Inrestore other than Federal Reeerre Banks,
2/
i/ The 2* certificates maturing August 15, 1953, "ere reopened for the
December 1, 1952, refunding (eee Table 3).
The 2-1/2* bcods maturing December 15, 1958, wore reopened for the
1./
December 1, 1953, refunding (see Table 3).
On BoTember 9, 1953. the Treasury purchased fron the Federal Reserre
System and retired $500 million of the 2-1/8* Treasury notes maturing
December 1, 1953, For fxn*ther detail eee "Treasury Bulletin" for
BoTember 1953, Page A-1.
6/ It had oeen annoimced that holders of these bonds would be given an
opportiailty to exchange them for another Treasury Issue after
February 15, 195".. This exchange offering was Included In the refuodIngs of May 17, 1951..
2/ Tax anticipation series; $2,669 million redeemed for taxes diie
March 15, 1951., aM $3,233 million redeemed for cash.
8/ The 1-1/8* certificates maturing August 15, 1955, were reopened for the
December 15, 195"., refizidlng (see Table 3).
2/ Tax anticipation aeries; $2,2l6 million redeemed for taxes due March 15,
1955, and $1,518 million redeemed for cash.
^
1.312
7,271
51*3
8/1/57-D
22
16,39"* P
L
2/15/57
-
1,007
l-7/8lt Certificate -
-
}
9,1*79
2*
2-5/8* Certificate
6,215
2,109
6/22/56-B 12/
8/15/56-B iO/
Certificate
Bote
1,007
3/22/56
Bond
8/15/56-B 10/
9,'»79
6/22/56
Total
}
6,81*1
I
l-5/8)t Note
-
3,210 11;
"•,155
iO/
H/
12/
li/
Ik/
15/
16/
12/
Ig,'
p
3-1/2* Certificate
3-5/8* Note
I./15/58-B
2/15/62-A
The 2* notes maturing August 15, 1956, were reopened for the August 1,
1955, refunding (see Table 3).
Tax anticipation series; $1,917 million redeemed for taxes due
June 15, 1955, and $1,293 million redeemed for cash.
Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity In payment of Inccoe and profits taxes
due June 15, 1956.
The 2-7/8* notes maturl.« June 15, I958, were reopened for the .March 5;
1956, refunding (see Table 3).
Tax anticipation series; $1,671* million redeemed for taxes due
March 15, 1956, and $528 million redeemed for cash.
Tax anticipation series; of the 2* certificates $1,013 million were
redeemed for taxes and $1.73 million for cash; and of the 2-lA*
certificates $1,891 mllllcn were redeemed for taxes and $1,079 mllllan
for cash.
During June 1956, $159 million of 2* Treasury notes, maturing August 1
1956, were purchased by the Treasury for account of the Slnlclng Fund 4
retired
Also designated tax anticipation certificates, acceptable at per plus
accrued Interest to mattnrlty In payment of Inccne and profits taxes
due June 15, 1957.
Tax anticipation series; approximately $1,931 million redeemed for
taxes doe March 15, 1957, and $1,290 million redeemed for cash.
n.a. Not available.
Preliminary,
.
:
,
May 1957
33
.
UNi'i'KD
STACKS SAVIHGS BONDS.
United 3tatee savings bonds were first offered In
March 1935 BXi& began to mature In March 19'4-5. Series A-D
were sold between March 1935 and the end of April 191*1,
and Series E, F, anrt G were first offered In May 19^1.
of these changes appear In the May 195S Bulletin, page A-1.
^°^ ^^^
Series F and G began to mature on May 1, 1953-
exchange offering made to holders of these bonds jnaturlng
through December 3I, 1953, 8®^ the May 1953 Issue, page A-1.
Sales of Series JandK were dlscontlnuedafter April 30,1957.
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 exchange them
for Series G bonds.
May 1,
In
changes appear In this Issue of the Bulletin, page A-1.
the tables which follow, Series A-F and J sales are Included
at l8%ue price and total redemptions and amounts outstanding
Series G, H, and K are
at current redemption values.
A number of changes became effective
The principal ones were:
1952.
An Increase In Interest rateson Series Band H was announced
on April 20, 1957, retroactive to February 1. Details of the
The rate of
Series E; and Series F and G 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
Included at face value throughout. Matured bonds which
have been redeemed are Included In redemptions. Matured
F and G bonds outstanding are Included In the Interestbearing debt until all bonds of the annual series have
matured, when they are transferred to matured debt upon
return to Series
which Interest has ceased.
Interest accrual on Series E was Increased, especially for
the near term, with corresponding changes In extended
E,
was offered beginning June 1.
Details
Table 1.- Sales and Redemptions by Series, Cumulative through March 31, 1967
(Dollar amounts in millions)
Series A-D 1/
Series E and H
Series F, G, J, and K i/,
,
Total A-K
Source:
,
l.OSk
1,000
5,003
99,106
32,927
13,20S
137,032
3,9'»9
U,1U8
31,928 2/
123,830
Amount outstanding
Sales plus
accrued
discount
Accrued
discount
Redemptions
"
Doll; Treasury statement; Bureau of the Public Debt.
Interestbearing debt
Matured debt
U,962
57,638 2/
18,365
U1,U63
l'»,156
U07
80,965
55,619
UI18
Bedemptlons of interestbearing eerles as
percent of sales plus
accrued discount
58.16
32.31
Footnotes at end of Table U.
Table 2.- Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
Accrued
dlBCOlAt
Flecal years:
1935-19^9
1950
1951
1952
1953...
Sales
price 2/ 6/
Accrued
dlacotmt 6/
Interestbearing debt
Matured debt
30,626
29,567
5,1.22
l.,9l.5
l.,61.0
1.69
5,072
5,875
51.8
6,1.83
56,260
57,536
57,572
57,685
57,886
58,061
58,365
73
92
5,609
1,059
U77
528
82,979
5,673
3,981
1,0U5
5,l't3
l,ll'9
3,925
'*,562
1,207
1,229
1/
5,U9k
1,2311
86,959
6,718
6,292
5,132
5,791
6,727
1955 1/
1956
6,1.73
5,81.6
1,231
7,70lt
6,137
5,109
5,621
6,515
7,251
l,211t
7,060
7,81.6
7,026
85,603
6,0-^
3,961
l.,l>86
90,089
7,178
33,179
31,921.
81.0
5,11.2
651
5,323
5,150
5,381
6,037
5,071.
6,11.9
l.,565
7,1.09
7,1.91
6,731.
6,985
7,301
6,31.8
8,261.
6,1.57
7,1.27
1951.
ADomt outstanding
Bedemptlcsis UJ
Sales plus
accrued
discount
639
768
820
57,1.97
212
122
91
128
277
360
Calendar years:
1935-19''9
1950
1951
1952
1953
195k
1955
1956
203
229
152
106
225
686
62U
725
1,255
517
501
509
597
637
56,707
58,019
57,587
81.1.
57,921.
838
56,293
57,376
57,338
57,273
31.1
57,11.2
56,91.6
297
285
6,173
6,276
5,517
I.IOU
1,181
1,220
1,237
1,236
1,216
1,217
ItSlt
121l
609
71.9
677
72
1.36
89
89
525
582
523
511.
67
1.69
51.
6W.
692
728
581
620
668
6U
59
56,293
725
992
61.1
77
87
1.7U
723
61.3
80
56,010
55,823
55,619
559
1.75
1,070
728
li,l6l
li,800
5,552
57,91.0
57,710
57,672
Months
1956 -July
AugUt-t
,
.
. .
September,
355
October.,
November.,
December
Ullt
.
1957-January .
February
March ....
.
Source:
389
390
U96
386
381*
87
95
UitU
501
1.81.
121)
515
126
89
90
621
Dally Treasury statement; Bureau of the Public Debt.
Footnotes at end of Table ..
73
323
310
U9i.
1.1.8
Treasury Bulletin
3"*
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series
i^
ll.rough K
(In BlllloDS of dollare}
Accrued
discount
Bedenptlons hj
Sales plus
accrued
discount
Sales
prloe 2/ £/
Series S and H ccnblned
ADonnt outstanding
Accrued
discount
^
Interest-bearing
delit
Fiscal years:
191,1-191.9
1950
1951
1952
1953
511,701.
,7711
57,1.79
211,351
3,993
3,272
3,296
895
U,887
3,521
,035
,111
,120
,126
,123
,11U
11,307
li,295
l.,l.07
U,008
5,181
5,779
11,038
6,3118
6,37k
l.,5W.
l.,730
59,863
U,639
26,097
3,912
l.,270
U,69l.
5,368
3,201
971
1,080
1,120
1,128
1,126
1,113
5,01.3
1,121.
1/
li,06l
li,653
1955 1/
1956
.5,260
1951.
5,225
I.,3li5
23,856
3,326
3,987
3,583
3,538
3,791
3,909
l.,072
I196
500
55k
636
658
33,127
3k,k9k
3k, 506
3k,905
36,0k8
37,k82
39,285
k0,929
33,766
3k,k93
3k, 727
35,32k
36,663
38,233
ko,063
kl,398
55
195
307
1.25
Calendar years:
56,662
3,668
3,190
3,575
191.1-191.9
1950
1951
1952
1953
11,368
11,889
1951.
1955
1956
Months
1956 -July
5,1.96
11,036
11,098
li,157
6,015
l.,ltW.
25,510
3,667
3,688
3,622
3,625
3,909
6,li8l
6,167
11,652
11,832
i.,l6l.
588
2k5
3k8
k76
531
535
702
668
57
k8
kl,053
kl,126
kl,l66
kl,226
kl,312
kl,398
kl,k30
kl,k50
kl,k63
3,91.9
U.3
112
555
I131
, .
I1O3
lilU
335
85
85
1.87
September
U20
380
376
357
332
October..
Norember
December.
390
366
363
80
88
1.70
lill
353
1.51.
310
llU
1.77
368
39a
3I.5
57
58
k7
1957-January
February.
March,, ,.
1.65
115
85
86
580
Wis
5U7
1.88
60
Ii26
353
73
1.51
U38
370
68
ATlgUSt
.
.
361
365
:
:
..
,
.,,
,
May [957
35
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K -(Continued)
(in millions of doUarB)
Sales
Accrued
discount
Eedemptlone 2/ kj
Sales plus
accrued
discount
Sales
price 5/
Fiscal yeare:
19'tl-19''9
1950
1951
1952
1953
195^
1955
1956
5'»,70U
2,77't
3,993
3,212
3,266
3,700
3,988
895
1,035
1,111
1,120
1,126
1,123
l.llU
57,1*79
'',887
11,307
'1,377
11,821
5,11''
2'', 351
5,218
5,333
li,U90
lt,622
59,863
26,097
l.,639
3,912
l»,270
•1,036
'',513
It,
S.OS".
5,l't9
ll.llll
5,30U
5.266
11,572
U61.
l>21
ltl8
85
3T3
366
Ul8
396
311*
80
88
li03
3511
309
lilt
U23
376
39"'
115
85
86
509
530
U09
"•,095
l.,219
3,521
"1,295
ll,008
11,032
1,319
Calendar years:
56,66e
3,668
3,190
3,393
3,906
U,023
I9I1I-I9I19
1950
1951
1952
1953
WS"*
1955
1956
l»,192
lt,lU2
Months
1956 -July
August . . .
September,
,
October. .
November .
December .
1957-January. .
February,,
March,.,.,
351
336
289
338
316
316
3,201
971
1,080
1,120
1,128
1,126
1,113
1,12U
liOl
It
02
098
li,li06
It,
689
lt02
It
111
Series H §/
Fiscal years:
360
665
1,130
30
360
665
1,130
l,0lll
l,Oltl
30
1952
1953
WS"*
1955
1956
Calendar years
1952
1953
195^
1955
1956
Months:
1956 -July
August . . .
September
October. .
November.,
December.
1957-J'nuary .
February,
March . . . .
.
182
182
1.62
lt62
866
1,177
901
866
1,177
901
91
91
66
k6
66
52
52
52
52
Si.
71
Uk
U9
It6
5lt
71
l|li
U9
6
y
Accrued
discount §/
Amount outstanding (Interestbearli^ debt)
36
Treasury Bulletin
.UirnED STATES SAVmOS BONDS.
Table 4.- Redemptions of Matured and linnatured Savings Bonds
(In mllllOQa of dollars)
Matured boode
Barlod 2/
Total
Total
matured o/
Series
A-D
Total
For
cash
Ubmatured bonds
In exchange
Series
Total
UBoatured
:/6/
for Series G
and K
Sales
price 5/
Accrued
discount
Fiscal years:
6,137
5,109
5,621
6,515
7,251
1951
1952
1953
WSfc
1955
1956
817
792
1,761
7,81*6
2,71.7
3,91.1
".,263
5,81.0
987
5,651
772
5,071.
6,11.9
6,985
7,301
779
90
31
18
38
702
1,128
1,1.87
1,1.86
1,2U110/
II.
11
1,826
1,917
1,825
1,917
2,101
2,335
987
518
251.
2U9
962
1,326
37
5,320
I.
,996
321.
691.
".,317
U,01.6
3,860
3,768
3,310
3,583
3,622
3,577
3,11.2
271
238
191
168
3,1.39
IW.
»,583
270
308
1,126
602 10/
Calendar years:
1950
1951
1952
1953
195"i
1955
1956
Months;
1956 -July
'.,571
1,657
2,169
3,811.
2,01.7
1,1.99
2,01.7
3,071
2,901.
1,891
1,891
2,31.5
i.,0l8
3,862
229
151
36*
270
316
351
257
lit
301.
11
398
390
U27
38I.
11.
371
UlU
19
12
629
325
365
16
16
17
1,015
2,318
3,171
U,230
968
21.
11.
1,328
1,500
13
8.26I1
li,2U6
10
96710/
3,831
7'.9
381.
15U
151.
August...,
Septemher.
582
523
312
207
160
130
160
130
October..,
Rorember.
December..
6W.
692
728
2U6
302
301
157
161
127
157
l6l
127
89
lUl
1957-January . .
February,,
Maroh...,
1,070
728
1.25
167
167
206
723
31.1
208
188
257
178
6U5
387
188
152
382
Source: Dally Treasury Btatenent.
1/ Details by series on a cuBulatlTe basis and by periods far Serlee A-0
conblned vlll be fouid In the February 1952 and previous Issues of the
"Treasury Bulletin,"
2/ Includes exchanges of natured Series E bonds for Series G bonds beginning May 1951 and for Seriea K bonda beglnnli^ May 1952,
Sales of Series J and E vlll be discontinued at the close of business
on April 30, 1957.
}ij
Includes both matured and unmatured bonds; see Table 1..
"2/
Includes total valuB of redemptions not yet claseified between matured
and unmatured bonds
6/ A change in procedure, beginning in June 1951., for ^ocessii^ redeemed
sSTings bonds has resulted in a high level of redemptions not yet
classified between matured and vsimatured bonds. This Increase temporarily obscures the relationship between the redemption col\xu» sbowir% sales price and accrued dlecotint In Tables 2 through U and also
the relationship between the mat'jred and utnatured eections of Table U.
^
'.,879
'.,059
3,806
3,613
3,655
1.7
76
173
31.1
253
217
159
167
156
13
(S«6 also footnote 5). The aubsequent distribution of this high
lerel of unclassified redemptlo&e nay be large enough in any nonth
to show redemptions of natured bonda for a series in Table U which
are greater than the total redemptlcaxs of that series as ahovn la
Table 3> and to show a negative In the uiuatured section of Table k
Reductions were made In Issues end redemptions of Series E, B, 7, G
J, and E in July 19^ to ccnpensate for the erroneous Inclusion of
reissue transactions in Juns 19^ as reported in the dally Traaeury
statement. The amounts InrolTed vere as f ollovs
$l8 million for
Issues of Series £ and E and $17 million for issuss of Series V, G,
J, and E; and $3!) million for unclassified retirements.
Sales began June 1, 19^.
Comparable data are not aTallable prior to January 19^.
Includes exchanges of Series l^li^l F and C savings bonds for TreasuT.
3-1 A* bends of I978-83.
Lsss than $^00,000.
,
-
1/
:
10/
t
kay
.
mi
37
-UNITED
ST/ffiES
SAVINGS BONDS.
Table 5.- Sales and Redemptions by Denominations, Series E and
H^
Combined
(In thoueande of pieces)
Total, all
dencBLl nations
$10 2/
*25
$50
$100
$200 i/
$500
$1,000
$5,000
Sales
Fiscal jaarei
1950
1951
1,119,078
58,971
61., 576
61., 304
64,299
1952
1953
80,1.85
781,680
36,146
39,400
39,150
41,751
163,254
9,901
11,425
11,841
11,786
123,264
7,777
8,550
8,654
7,649
2,111
816
916
917
786
15,463
1,571
1,569
1,413
1,036
13,484
2,238
2,322
1,995
1,290
50,701
54,380
56,903
55,164
56,719
13,129
720
794
854
884
929
948
15,686
16,374
18,784
7,559
8,211
8,810
9,315
10,090
1,243
1,411
1,578
1,608
1,076
1,462
1,708
1,945
1,854
799,913
37,659
39,572
39,050
45,661
l£8,088
10,640
11,825
11,660
12,148
126,974
8,246
8,688
8,253
7,430
2,490
879
933
865
738
16,185
1,603
1,514
1,257
951
I4,4l6
2,352
2,213
1,703
1,139
77,271
84,390
84,972
87,316
90,786
52,808
56,743
55,850
55,618
56,635
13,773
15,235
15,912
17,323
19,825
7,721
8,606
9,006
9,748
10,177
726
843
1,042
1,342
1,470
1,648
1,500
1,191
1,590
1,809
1,980
1,683
7,597
7,236
6,592
4,657
4,441
4,103
1,704
1,620
1,466
866
838
759
65
135
125
98
152
135
99
Rorember...
Deceaber...
7,925
7,435
7,410
4,972
4,688
'.,657
1,769
1,651
1,668
883
816
810
77
70
68
111
103
102
105
ICB
a
2
2
1957-Januarj p.,
February p.
March p....
8,622
7,231
7,486
5,382
4,518
4,712
1,896
1,651
1,704
962
788
796
85
64
67
138
98
99
155
110
105
2
2
1,254,122
301,681
207,396
10,37k
28,847
30,446
176
19'tl-19'<7
I
19W
191.9
I
19,823
522
394
335
1
74,136
85,419
85,342
90,053
6/
1955 1/
195'.
1956
ll.,372
1
16
33
56
48
Calendar years:
20,128
1,148,194
61,813
65,118
62,929
68,069
19U1-1.7
igitS
I
igitg
1950
1951
1952
1953
195''
1955
1956
Months;
1956-July
August
Septanber .
OctoVr....
Inception to data p.
1,854,196
'.35
371
141
1
.
21,076
RedeBq>tlaoa 2/
Fiscal yeara:
1941-47
1948
1949
1950
1951
432,866
65,331
54,809
52,101
54,840
76,403
81,983
90,387
89,749
89,953
443
313
263
349
429
51,649
56,734
62,941
61,049
60,014
607,597
85,888
76,933
79,176
77,202
12,849
1,595
1,217
835
549
467,540
59,265
52,996
53,087
51,552
80,420
85,582
375
282
277
424
371
55,000
59,519
63,850
59,640
59,520
3".
5,345
5,268
4,656
93,1.38
79,646
76,109
82,875
1952
1953
1951.
11,674
2,052
1,369
1,017
701
558,470
,
6/
1955 6/
1956
71,680
14,302
12,623
12,346
14,13'.
Cwlanrinr years
1941-47
1948
19'.9
1950
1951
1952
1953
1954
1955
1956
,
92,3'>0
88,700
90,109
Months:
1956 -July
August
September..
8,100
7,930
7,098
October....
Roreaber...
Deceaber...
7,553
6,704
7,550
1957 -January p..
February p.
March p...,
9, Iks
3''
7,227
7,554
25
25
5,754
4,681
4,901
1,387,873
18,857
997,305
,
Inception to date
p.
31
25
27
23
25
4,934
4,408
5,024
2U,e29
862
916
908
79
75
UO
8
22
44
56
40
4
3
2
3
$10,000
j/y
Treasury Bulletin,
3«
.OVMERSBIP OF FEUERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In allllona of dollars)
Interest-bearing secorltise Issued
by tbs D. S. GoremBoit
Aid of
fiscal
jear or
onth
Total
Fadaral
securities out.
standing
1/
Eeld b7 n. S. Gorenaent
Inreataent accounts 2/
Total
outstanding
PubUc
Issues
252,798
257,377
255,251
259,151
266,123
19'>9
1950
1951
1952
1953
250,762
255,209
252,852
256,863
38,288
37,830
263,91.6
1.7,560
1.0,958
I*!.,
335
5,518
5,1.7'>
6,305
6,596
7,021
Special
issues
Interest-bearing securities guaranteed by the U. S. Goreraent kj
Held by priTate
Inrestors
HeU
^
Held bj
rederal
Beserre
Banks public
issues
Eeld by prirate
inrestcrs X/
by
n. S.
Goremaent
Public
Marketable
iaaues
32,776
32,356
3"., 653
37,739
19,3't3
193,131
18,331
22,982
22,906
188,911
189,623
ltO,538
2". ,71.6
191,61.0
1.2,229
••3,250
19"^,533
''5,ll'i
25,037
23,607
23,758
199,01.8
130, kl7
131,629
111,663
U5,l85
U9,129
Fabllo
non-
srketable
issuss
62,71k
67,kl9
77,2k9
7k,k37
72,511
Total
inTestaent
outaccounts
standing sj)d
Federal
Beserre
Banks 2/5/
Public
narketable
issues
24
17
13
16
27
27
4k
51
k3
80
41
48
2,351
2,634
2,869
52
8
44
2,970
73
26
27
27
47
52
57
2,675
2,607
2,601
29
59
33
60
66
2,564
2,546
2,409
271,71.1
li9,3W
50,536
272,825
269,883
53 ,'.70
7,111
7,286
8,356
1955 -Dec.
280,822
277,799
51,723
7,798
"13,926
2"., 785
201,291
13k, 230
67,061
1956 -July.
Aug..
Sept.
272,719
269,972
272,959
271,660
53,768
51., 379
8,1.1U
''5,353
U6,05l.
23, ".38
23,85k
23,680
192,766
19*, 726
193,839
126,550
128,571
127,800
66,216
66,155
66,039
Oct..
Hot. .
Dec..
275,372
277,111
276,731
272,720
53,883
"•5, "•82
23,767
195,070
129,21.k
271. ,1.71
51.,
2".
,385
195,9"^6
,219
54,001
8,363
"•5,722
"•5,639
2"., 915
195,30k
130,363
130, k5k
65,826
65,583
64,850
89
93
102
1957 -Jan..
Feb..
Har..
276,335
276,378
275,108
273,698
273,919
272,773
53,851
8,520
8,562
8,511
131,917
132,760
131,551
64,509
64,240
63,959
106
39
67
108
109
kl
41
67
67
275,61.1.
27U,3l.6
271.
5l.,lte
HO
5k ,032
5^,111.
8,325
8,308
8,1«)1
8,1.18
"•5,834
"•5,331
23, ".21
196, "i26
"•5,"^70
22,887
23,lk9
197,000
195,510
%5,603
source: Daily Treasury stateaeot for total anounts outstanding; reports
frcn agencies and trust fuida for securities held by V, S. Goremaent
inrestaent accounts; and reports froa Federal Reserve ^stea for
securities held by Federal Beserre Banks
1/ Includes certain obli^ationa not subject to statutory llaitatico.
For aaounta subject to liaitaticn, see page 1.
2/ Includes accounts under the ocotrol of certain U. S. Goremaent
agencies whose InTeataents are handled outside the Treasury; excludes
Federal land banks after June 26, 1947, when the proprietary interest
of the (kilted States in these banks ended.
^
126,301.
80
k3
73
79
8k
36
4/
5/
•
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts Handled by the Treasury!/
(In allllons of dollars; negative figures are net sales)
Tear
1
2,532
2,351
2,227
The total aaount of Interest-bearli^ securities held by prirate investors is calculated by deducting fron the total aaount outstanding
the aaount held by U. S. GoremaeDt iTestaent accounts snd Federal
Beserre Banks.
Sxcludea guaranteed securities held by the Treasury.
All public aarketable Issues.
Consists of Ccnodlty Credit Corporation deaand obligations stated as
of the close of the previous nonth.
Less than $500,000.
'
6/
U
25
268,910
271., 1.18
197,598
192,655
able
issues 6/
51
271,3111
1955
1956
72,762
69,723
66,351
arket-
2,012
2,150
2,372
2,244
2,126
1951.
121,771
127,875
Public
noD-
Matured
debt
and
debt
bearing
no
Interest
... ...
.
1U
.
5
8
U
1
1
7
9
k
7
9
k
3
7
May 1957
39
.OWNERSHIP OF FEDERAL SECUPITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par values l/ In millions of dollars)
Held by banks
Total
Federal
securities
outstand-
End of
month
Held by private noobank Inrestara
U. S.
Coflner-
Federal
Reserve
BaukG
clal
banks
ing 2/
Indlvlduale 5/
GoTenment
InTeetment
accounta U/
Savlj^e
bonds
Other
Insurance
ccmpanles
Mutual
eavlngs
banks
Corporations 6/
1939-Docember...
U7.6
18.
15.9
2.5
6.5
22.7
1.9
8.2
6.3
3.1
2.2
191tO-June
U8.5
50.9
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
7.8
6.5
6.9
3.1
3.2
2.1
2.0
55.3
21.8
23.7
19.7
8.5
9.5
25.0
31.0
11.2
13.6
3.6
21.lt
2.2
2.3
7.6
8.2
7.1
8.2
3.k
3.7
2.0
k.O
10.6
12.2
37.7
53.0
17.8
23.7
k.9
10.1
16.9
67.0
81.7
30.9
37.6
100.2
llk.O
1.6.1
59.1
December
.
.
19>il-June
Decenber .
61.
.
.3
19U2-June
December ...
77.0
112.5
28.7
26.0
I17.3
1.1.1
2.6
6.2
19l>3-June
IUO.8
170.1
59.11
52.2
59.9
7.2
11.5
11..9
December ...
71.5
5.lt
9.1
8.7
13 .k
10.3
9.2
11.3
3.9
k.5
19.2
11.7
12.9
13.1
15.1
5.3
12.9
6.1
16.1.
31.2
36.2
Ik.
17.3
19.6
7.3
8.3
20.2
ko.7
k2.9
18.5
21.2
22.7
21.
.0
9.6
10.7
.1.
U.l
1.1.
.2
2k.
11.5
11.8
19.9
17.8
61.
20.8
19.9
20.1
21.
63.3
k3.3
k3.5
2U.6
23.9
5.3
6.5
8.3
9.1
X5.3
6.7
6.5
6.3
8.9
8.6
8.1
12.1
12.0
13.7
Ik.l
7.1
7.3
9.6
8.k
12.0
11.5
13.6
21.2
Ik .8
7.8
7.9
8.7
8.9
17.8
17.0
20.5
20.1
U.6
11 .k
15.8
16.8
8.0
8.1
9.6
9.k
k9.9
k9.6
17.6
16.7
19.8
18.7
U.6
18.1.
10.9
19.7
8.7
8.8
10.5
k9.1
k9.1
16.3
15.5
17.1
16.5
10.2
6U.6
9.8
20.1
20.7
9.k
9.6
10.7
10.6
130.8
133 ."t
6U.8
65.1
k9.0
k9.2
15.7
16.0
15.7
16.1
9.6
9.5
18.8
19.9
10.1.
11.1
U.6
U.7
135.0
137.3
66.0
61.
.6
k9.3
k9.k
16.8
U8.3
15.
16.0
15.8
9.5
9.2
18.7
21.6
12.0
12.7
12.8
13.2
1.9.3
1.9.6
133.3
135.1
64.5
63.0
k9.5
50.0
15.0
13.1
15.3
15.0
9.1
8.8
16.9
19.8
13.9
Ik. I.
13-7
13.9
23.6
23.6
23.8
1.9.1.
136.9
136.7
61.
.8
Ik.
Ik .6
15.0
51.2
IkO.li
65.5
15.0
15.1
11*2.3
61.
.9
15.3
Ik.
Ik .6
Ik.
Ik .9
51.7
8.8
8.7
8.7
8.5
19.5
19.3
21.2
.8
50.2
50.2
50.2
50.2
2lt.O
15.1
15.6
23.5
23.5
23.6
51.7
51.8
51.9
1W..5
65.9
66.5
67.2
50.3
50.k
50.k
15.6
16.2
16.8
Ik .2
21..
21.1
15.k
15.6
15.7
16.0
13.9
13.6
8.5
8.5
8.5
23.3
23.5
11.2.5
11.3.0
67.1
67.1
66.9
50.U
50 .k
50.3
16.6
16.7
16.6
13.6
13.5
13.3
8.5
8.k
8.k
21.1
21.5
18.0
15.7
15.8
15.7
16.5
16.6
16.2
139.0
139.7
138.9
67.0
67.2
50.3
50.3
50.2
16.8
16.9
17.1
13.3
13.1
8.1.
13.1
8.3
8.3
18.3
19.1
18.0
15.8
15.8
15.8
16.2
16.3
16.3
67.2 r
67.0 r
66.6 r
50.2
50.1
50.1
17.0 r
16.9 r
16.5 r
13.2
13.1
12.6
8.1
8.1
8.0
19.0 r
19.8 r
19.2 r
15.8
15.8
15.7
16.3
16.2
16.0
66.5
66.3
k9.9
k9.7
16.6
16.6
12.9
12.8
8.1
8.1
21.1
15.8
15.8
16.3
16.2
81t.2
21.8
21.
90.8
21. .3
27.0
128.2
136.6
116.7
108.2
97.9
93.6
71..
22.9
23.8
23.3
28.0
29.1
30.9
135.1
132.6
130.7
61..
.
279.8
269.9
259.5
258."t
91.9
31.. I.
133.7
131.3
66.6
65.7
21.1
91.3
21.9
22.6
k5.5
257.0
70.0
68.7
32.8
.
1.6.2
19 .k
252 .U
252.9
85.9
85.8
.6
21.1.
62.5
23.3
35.8
37.3
130.7
129.7
65.8
65.5
k7.1
k7.8
18.6
17.6
22.8
. .
85.7
63.0
66.8
19.3
18.9
38.3
. .
252.8
257.2
82.lt
December.
39.1.
132.2
132.1
66.6
66.3
k8.e
k9.3
1950-June
December .
a57.'t
256.7
83.9
82.6
65.6
6l.e
18.3
. .
20.8
37.8
39.2
135.6
13^.9
67.
66.3
1951 -June
December .
255.3
259.5
81.1.
85.lt
58.U
61.6
23.0
23.8
Itl.O
132.9
131.8
65.1.
. .
1952 -June
December.
259.2
267. li
81t.0
61.1
22.9
ltU.3
. .
88.1
63.1.
21..
1.5.9
266.1
275.2
:3.6
89.6
58.8
63.7
21..
1.7.6
..
25.9
271.3
278.8
88.7
63.6
69.2
25.0
..
27't.l
87.8
87.1
85.9
66.8
.2
I9't7-June
December.
igliS-June
December .
,
19149-June
1953-June
December..
195lt-June
December..
1955 -March
June
September..
December.*..
19^ -January
February....
March
271t.ll
277.5
280.8
280.1
280.2
276.li
91..
81.
.0
83.0
81.9
61.
61.
61.
.U
63.5
62.1
62.0
60.5
59.5
58.3
21.
21.
.9
.9
I12.3
50.5
ll>5.3
11.2.6
April
Hay
June
275.8
276.8
272.8
81.8
80.8
58.5
57.8
57.1
23.8
51.6
52.5
53.5
July
August
Septanber.,,
272.7
275.6
27U.3
79.9
81.5
81.3
56.5
57.6
57.6
23.1.
53.8
23.9
23.7
5k ."t
5U.2
October
nor ember....
December . . .
275.11
81.8
83.1
58.0
58.7
23.8
53.9
21.
.1.
5k .2
139.7
139.9
8I..3
59.11
21.
.9
51..
138.1.
81.9
80.7
58.5
57.8
23.1.
53.9
11.0.6
22.9
5k.
lUl.6
19}7-JanuBry
Febmiary p.,
277.1
276.7
276.3
276.lt
81.3
Office of the Secretary, Aoalyeis Staff, Debt OlTlelcn.
United States eavli^s bonis. Series A-F and J, are Included at current redemption value.
Securities Issued or guaranteed by the U. S. Goremment, 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 saTlngs
banks in the Uhlted States aol 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 inveetment accounts" after
June 26, 19I.7, when the proprietary Interest of the United States
in these banks ended
Includes partnerships and personal trust accounts. Nonprofit
138.5
|Eource:
li/
%J
i/
u
'J
1.1
2.3
23.3
22.2
18.8
106.0
115.0
December ...
.9
1.0
21.1.
77.7
259.1
278.7
19U6-Kebruaxj 2/,
June
December.
.7
.9
.7
6.1
7.0
19.1
21.7
.
.5
.6
3.2
k.3
83.3
96.5
Decenber.
.7
.7
.1.
3.k
68.1.
igltS-June
.1.
1.5
2.1
2lt.7
202.6
232.1
19l(l4-June
State and Miacellocal
laneouB
governInvestors
ments j/ kj&j
1/
8/
2/
p
53.3
61.
.1
.2
61..
67.".
17.1
21..
Ik .8
Ik .3
2k. I.
22.
k.l.
9.7
11.
.2
Ik.k
16.1.
16.5
1
institutions and corporate pension trust funds are Included under "Miscellaneous investors."
Exclusive of banks and Insurance companies.
Consists of trust, sinking, and investment funds of State and local governments and their agencies, and Territories and island possessions.
Includes savii^s and loan associations, nonprofit institutions, corporste
pension trust funds, dsalers and brokers, and Investments of foreign balances
snd intematioaal accounts in this country. Beginning December 19k6, Includes
Investments by the International Bank for Reconstruction and Development and
the International Monetary Fuol In special nonlnterest-bearlng notes issued
by the U. S. Government.
Imnedlate postwar debt peak.
Preliminary.
Revised.
ivo
Treasury Bulletin
.TREASURY SUPVEY OF OWBEREHIP, FKHBUARY 28, 1957.
The Treasury Survey of Ownership covers securities
Issued by the United States Oovernment and by Federal
agencies. The banks and Insurance companies Included In
cial banks distributed according to Federal Reserve member-
the Survey account for approximately 95 percent of such
securities held by all banks and Insurance companies In
bank classes and nonraember banks are published for June 30
and December 3I. Holdings by corporate pension trust funds
the United States.
Data were first published for
March 3I, 191*1, In the May 194l "Treasury Bulletin.*
are published quarterly and first appeared In the March 195U|
Bulletin for quarters beginning December 3I, 19^9.
Distribution of ownership by types of banks and Uisurance companies Is published each month. Holdings by commer-
Section I.- Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Far values
-
In mllllona of dollara)
Held
Total
amount
outstanding 1/
ClasBlficatlon
5,630
commercial
tanks 2/ 1/
l)y
loTestors covered In Treasury Survey
525
mutual
savings
banks S/
Insurance companies
315
life
565 fire,
casualty,
and marine
U. S. Governoent
inveetment
accounts and
Federal Reserve
Banka
Interest-bearing aecurltlee:
Public marketable
Public nonaarketable
Special Issues. . ...•
161,007
67,550
^
..•...•,..,....,
1.9,969
l,5l'2
6/
6,lil»0
i.,566
'.,177
1,616
2,81.9
652
28,180
3,309
li5,'<70
Total Interest-bearlr^ securities
27'i,oe7
Matured debt and debt bearing no Interest jj.
1.5, '•70
51,511
8,056
7,1.16
U,828
76,958
2,351
Total securities Issued or guaranteed by the
U. S . Government 8/...
,
276,378
Footnotes at end of Section II.
Table 2.- Summary of Interest-Bearing Public Marketable Securt.'les
(Par values - in millions of dollars)
Held by Investors covered in Treasury Survey
Total
amount
outstand-
Claaelficatloo
ing
6,630
cocnnercial
banks 2/ i/
525
Inaurance ccopaniee
mutual
aavii^B
banks 2/
315
life
565 fire,
casualty,
and marine
U. S. Government
inveatnent
accounta and
Federal Feserve
Banks
Type of security:
Issued by U. S. Oovernnent:
Treasury bills
Certificates of indebtedness
Treasury notea
Treasury bcnda
Panama Canal bonds
,
Guaranteed by U. S. Government 6/..,.......
25,876
20,216
3,939
1,869
SW
10,181.
33,
Total
205
388
123
1.52
71
12
350
5,790
66
672
3,315
1
11,759
U9
U,097
2li
21
6,lJt0
".,566
'•,177
28,180
1.72
9,'»73
80,618
50
103
33,958
161,007
1.9,969
73,7*
13,515
26.865
1,1.12
318
3,735
U68
3,182
281
527
2.092
1,160
263
21,5U5
2,089
3,619
8,365
7,89U
1,521
"•,350
162
383
292
U5
301.
108
u
21.
21
161,007
1.9,969
6,1.1.0
'',566
••,177
6,U56
•
Ul
Call claaaea:
Due or first becoming callable:
Within 1 year
1 to 5 years ...•...•••...•.•.•
....<
5 to 10 years ....•..••...,.......•...•.,
10 to 15 years
•.«.<
15 to 20 years
20 years and over..
Various (Federal Housii^ Administration
debenturee ).....,...........
Total
Tajc
statue:
1.7,51.6
26,93'.
1.19
532
1.1
28,180
2/
Wbolly exempt from Federal inccou taxes . . . .
Partially exempt from Federal income taxes.,
Sub.}ect to Federal income taxes 10/
2,k0l.
8
2,060
91
2
158,553
lt7,901
6,W.0
••,566
"•,085
28,178
Total
161,007
1.9,969
6.I1I.O
U,566
"•,177
28,180
Footnotea at end of Section II.
,
50
1
May
im
•I'MKASa
>»2
May i957
w
Treasury Bulletin
MARKET QUOTATIONS OH TREASURY SECURITrES, MARCH 29, 1957.
Current market quotations shown here are over-the-
public marketable securities issued by the United States
counter closing bid quotations In the New York market
for the last trading 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)
ABOtSlt
May 1957
Treasury Bulletin^
U6
MARKET QUOTATIONS ON TREASURY SECURITrES, MARCH 29, 1957.
z
o
UJ
q:
lO
..
.
. ,
. .
.
May 1957
^7
.AVER/GE YIELDS OF LOMG-TEPM BONDS.
Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)
PART A.
W^S
2.U7
19i»'t
2.1»6
19''5
2.37
2.83
2.73
2.72
2.62
-
2.7U
2.71
2.70
2.6U 2/
2.57
February
March . . .
April
May
APRIL 1953
Moody's Aaa
corporate
bonds
2.19
igi*?.
2 .25
2.53
2.61
2.82
2.66
2'm
2.31
19'«9.
2.98
•
Moody's Aaa
corporate
bonis
1950
1951
1952
2.32
2.57
2.68
2.62
2.86
2.96
2.71
2.75
2.98
2.97
2.80
2.83
3.02
3.07
3.12
,
averages of daily series
2.61
2.61
2.70
2.71
1952 -June
July
August
September.
October. . ..
2.93
2.96
2.93
2.93
Treasury
bonde 1/
calendar year averages of monthly series
19l»6.
Monthly series
19 52 -January..
PMOB TO
Treasury
bonds 1/
Annual series
2.1*6
SERIES
Moodj'e Aaa
corporate
bonds
Treasury
bonde 1/
191(2
-
2.9l»
2.714
1952-KoTeinber,
2.95
December
2.9't
1953 -January.
2.95
3.01
February
March . .
PART B.- SEiOES BSJINNIIC APRIL 1953
Treasury bonds,
due or callable
Rrom 10 to
20 years
20 years
and after
Treasury bonds,
due or callable
Moody's
Aaa
corporate
bonds
From 10 to
20 years
Annual series
1953
WS""
2.92 i/
2.52
1953 -April....
2.96
3.09
3.11
2.99
2.99
2.95
2.81
2.83
2.77
y
-
Treasury bonds,
due or callable
Moody's
Aaa
corporate
bonds
-
From 10 to 20 years
20 years
and after
Moody's
Aaa
corporate
bonis
calendar year averages of monthly series
3.20
2.90
1955.
.2U
3.23
1955-Januflry
.26
3.3''
3.ltO
3.16
2.71
20 years
and after
2.80
2.9U
3.06
1956.
3.06
1956 -October..
November
December.
3.18
3.30
3.U
3.36
3.2I4-
3.31
3.37
3.59
3.69
3.75
3.37
3.26
3.27
3.77
3.67
3.66
Monthly series - averages of daily aeries
Kay
June
July
August. ..
September
October..
November
December
29
25
.22
.19
3.06
3.OI1
3.28
3.2li
3.29
3.16
3.11
2.96
3.13
195U -January .
February
March....
April....
May
June
July
August. ..
2.67
2.58
2.50
2.90
2.85
2.1*5
2.70
2.52
2.53
2.72
2.70
2.62
September
October,.
November
December.
2.50
3.06
2.95
2.86
2.85
2.88
2.90
2.89
2.87
2.89
2.87
2.89
2.90
2.I15
2.li6
2.52
2.55
2.57
2.73
2
2
2
2
2
.60
.61.
.65
.68
.68
February
March.
April..
May ....
J\me . .
July...
August.
September
October.
November
December
1956 -January.
February
March...
April...
May
June ....
July....
August..
September
2.66
2.72
2.72
2.77
2.76
2.77
2.68
2.91
2.88
2.82
2.85
2.88
2.86
2.82
2.90
3.05
2.77 5/
2.92
2.92
2.92
2.91
2.91
2.96
3.02
,00
.96
96
97
91.
93
98
10
2. git
3.03
2.89
2.97
3.15
3.19
2.98
3.05
3.19
3.25
2.93
2.99
3.02
3.01
3.01t
3.05
3.06
3.11
3.13
3.10
3.10
3.15
3.11
3.08
3.10
3.2U
3.28
3.26
3.28
3.l»3
3.56
1957 -January..
February.,
March....,
3. US
3.33
3.20
3.25
ks
Treasury Bulletin
.AVER/OE YIELDS OF LONG-TEIW BONDS.
o
CM
CVJ
—
"«
<13
o
_:
.'^i
ft
e3|
I
5
«
....
,
May 1957
V
-IHTEPNAL REVENTJE COLI£CTIONS.
Table 1.- Summary by Principal Sources
(In thouaands of dollva)
Fiscal year
or month
Budget
receipts
from
Internal
revenue
Adjufltment of
collections
to budget
receipts 1/
Total
collections
reported by
Internal
Revenue
Service
Individual Income tax and employment taxes
Corporation
Income and
profits
taxes
Individual
Income tax
not withheld 2/
39,379,'t09
Ul,853,''85
uo, 307,285
271,033
-11,057
itl,86l.,5U2
9,676,1.59
10, n't,!. 10
-155, 8U0
1*0,1163,125
11,553,669
1950
1951
39,iili8,607
+Ji91,l«75
38,957,132
10,85l*,351
51,106,095
•t66o,l»09
50,1*1.5,636
l!*, 387,569
21,367,662
23,379,123
20,527,935
19,797,883
26 ,621., 788
1952
1953
65,63lt,89li
625,308
21,1.66,910
33,738,370
70,170,97'<
k8i»,l»39
195lt
70,299,652
66,288,692
75,109,083
36li ,672
21, 591*, 515
21,516,322
18,26U,720
21,298,522
37,251. ,619
37,921,311*
19^1
19U8
191*9
1955
1956
1956 -July
Ai^ust.,.,
39.108,386
65,009,586
69,686,535
69, 93"*, 980
66,288,692 U/
-3,566 2/ 75,112,6U9
3,571,''80
3,571,1*80
5,801,937
6,715,173
5,801,937
351,561.
September
6, 715, in
1,708,521
October..
November..
December..
3,33'>,l.U
5, ''92 ,016
5,'»6U,679
3,33'>,l>li*
''51,3''3
,881,1437
5,1*92,016
5,1*61. ,679
l',88l,U37
7,876,135
7,276,135
1957->Januar7...
February..
I.
836,891
individual
Income tax
withheld i/
Old-age
Railroad
and disretireability
ment
Insurance i/
9,501,015
9,81.2,282
1,"* 58,931*
9,1.61. ,201.
11,533,577
10,055,502
9,888,976
13,089,770
1,612,721
1,687,151
1,873,1*01
2,810,71*9
11,31*5,060
17,929,01.7
3,581* ,025
11,1*03,91.2
3,816,252
1* ,218,520
5,339,573
6,336,805
7,996,320
7,26U,332
9,907,539
37,869,770
10,396,1.80
21,132,275
22,077,113
21,253,625
1.2,633,1.26
11,321,966
21.
1,761. ,231
l.,U20,585
14,137,860
1,752,026
10,736,578
it/
,015,676
1.56,775
137,21*9
185,876
208,508
226,328
223,135
236,952
620,622
628,969
605,221
600,106 hj
259,616
273,182
283,882
279,986
631*, 323
321*
1,282,360
1., 201, 190
2,331,759
23,376
71*2
621
,959
511,580
598
865
699
21,165
82,796
269,886
1,1.62,561
21*
379,539
1,825,051
102,721
323
1*60,606
l.U5,039
3,920,193
2,366,271
1,190.108
71*, 306
?, 71*5, 371*
5,868,238
2,190,990
781,162
'',73lt,393
1,719
53,1*53
21*5,561.
3,1.1.2,506
,656
81,1*01*
1,733,681
1. ,098,085
,821.
Insiirance
562,731*
51*6,038
5''9,778
379,555
560,113
!i/
Uhemployment
1.0,21.2
Excise taxes
Fiscal year
or month
'191*7.
191.8.
19''9.
1950.
1351.
Capital
stock
tax 6/
Kstate and
gift taxes
1,597
1,725
6,138
266
779,291
2, 1*71', 762
899,31*5
7,1.09,91*1
796,538
706,227
729,730
7,598,U05
8,703,599
2,255,327
2,210,607
2,219,202
833,11*7
891,281.
1951*.
935,122
936,267
1,171,237
,11956 -July
il
'
Doc urns nts
etc. 1/
7,283,376
S1952.
1953.
,1955.
11956.
Other exciae
Total
excise
119,11*8
Ai;eust....
1U,693
September.
October. .
November.
December..
1957-January..
February .
68,751.
113,185
85,157
79,1*79
120,236
91,859
7,578,81.6
2,51.6,808
8,971,158
2,51*9,120
9,91*6,116
2,780,925
2,797,718
9,532,222
9,210,582 U/
10,0OU,195
826,983
2,71*2,81.0
2,920,571.
Manufacturers •
and retailers* jj
Miscellaneous 1/
50
Treasury Bulletin
.INTERNAL REVENUE COLLECTIONS.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
42
42
40
40
30
38
36
36
34
34
32
32
30
30
28
28
26
26
24
24
22
22
20
20
18
18
16
16
14
14
12
12
10
10
8
8
6
6
I
4
2
u
1942
1
'44
'46
•50
'52
'54
'56
4
2
1942
'44
"46
"48
)
;
\May {957
51
-mTERNAI, REVENUE COLLECTIONS.
Table 2.- Detail of Collections by Type of Tax
(Di tbousandA of dollare)
First 8 months of
fiscal year
Fiscal year
Type of
tm
1955
Corporation Inccnie and profits taxes.
13,26U,720
1956
1956
21,298,522
Eighth month of
fiscal year
1956
(February I956)
1957
U, 932, 721
6, '•58,553
1957
(February 1957)
'•59,930
'•'•5,039
Individual Incone tax and emplOTOent taxes;
XnccBiB tax
not withheld i/
Incone tax withheld andoH-age and dleabllttj Insurance:^
Received with returns
,,,
,,,,,,
Utodlstrlbuted depositary receipts i/
Railroad retliement
BecelTed with returns
Undlstrlhuted depositary receipts i/.,, ,..«.,,.,,.,,,
Iteemploynient Insurance
....•
,
Total individual inccmB tax and employaent taxes.
I
Estate tax
10, 72 "t, 130
11,830,260
5,651,626
5,990,311
798,117
781,162
,673,U90
592,068
29,280,756
21,0ll2,lS6
22,951,891
5,9l^3,091
563 ,'•31
-1,328,999
-l,l'63,05''
-1,568,203
6, '137,689
-1,703,295
597,362
2,8UU
279,986
628,7113
35^,131
35't,651
39,605
5,580
65,9''6
'•5,ll^5
310,938
61,388
315,372
"•5, '•53
,656
2Ul,llt6
269,886
37,869,770
Ii2,633,'»26
26,095,769
28,210,559
5,'^99,210
5,868,338
613,055
772,982
77,875
8^.379
29,553
16,530
19,597
3 ,'•81
8l»8,U92 kj
lOlft tax.
32''
1,053,867
87,r?5
117,370
2l42,81l8
267,037
1,756,298
2i.,3a
5,259
81,321
y
37,652
^Sxcise taxes:
Alcohol taxes:
Distilled spirits (Imported, excise)
Distilled spirits (dcmestlc, excise}
Distilled spirits, rectification tax
Wines, cordials, etc. (imported, excise]
Wlnea, cordials, etc. (dcnestlc, excise)
Dealers in distilled spirits; rectlflero;manufacturerB
of stills (special taxes)
Stamps for diotlllod spirits Intended for export
Case stamps for distilled spirits bottled in bond
Container stamps.
Floor taxes
Beer
Brewers; dealers In beer (special taxes]
Total alcohol taxes.
Tobacco taxes:
Clears ( large
Clears (small)
Cigarettes (large)
Cigarettes (aaall]
Snuff
Tobacco (chewing and smoking)...
Cigarette papers and tubes
Ijsaf dealer penalties, etc
Cigarette and cigar flocr taxes.
1,627,752
23,867
It ,689
77,135
16,377
3,656
53,826
5l^,07U
10,870
lli8
6
9
53,382
17,29''
3,787
16,977
8
519
6,213
55
737,233
15,651
10,602
50
765 .'•'tl
kl
l»97,921
5,5l«U
5,13l»
3, 32''
U93,U19
3,295
z,Tkz,fiiO
2,920,57l»
1,915,986
'6,199
ltU,9a2
30,857
U6
6
58
6
32
l,50l»,191
1,5''9,039
3,909
16,155
693
14 ,870
1,015,361
2,516
9,8U7
16,581
12'l
,625
1,313
282
5,333
U6
63
•8,172
62
2,oe9,6li8
212,306
196,509
29,396
28
3,815
3,218
5
«
-7
•
9,3''9
122,693
303
1,176
127,625
307
1,021
U70
21
7'*
5
1,0'>8,85U
3
3,822
l8,lli2
131,893
1,702
332
6,635
2, '•55
622
7
91
1183
7
79
li
1,571,213
1,613 ."tg?
1,059,185
1,100,561
128,023
Other excise taxes
li,78l,8U3
5,501,333
'i,027,li2'i
r
"1,117,372
1,193,917 r
I,2ll0,ll9'l
Total received with returns and frca sals of stamps.
Itadistrlbuted depositary receipts 3/
IMapplled collections .........
9,095,895
113,298
1,389
10,035,'»0lt
7,002,595 r
-306,681
7,2''7,58l
l,53'',2l^5
r
-19'' ,'•35
-687,800
-231
1,569 ,2'>2
695,l^09
301
Total excise taxes. ••..
9,210,582
10,0011,195
eii6,2lU r
87'>,133
7,352
5.269
•
taxes not otherwise classified 2/
ipotal collections
LJuslanent to
reported by Internal Bevenue Service.
66,288,692
-31,776
567
6,696,1188 r
3,316
1
10
57U
75,112 ,6k9
2,0li2
7,055,188
23 ,'•59
132,239
556
-3,133
38,U30,902
'2, 537,272
6,903,381
7,376,135
38,U30,902
'•2,537,272
6,9C8,38l
7,276,135
-3,566 1/
budget receipts 6/
set recelpto frcn Internal revenue..................
66,288,692
Internal Revenue Service reports for detail of collections by
type of tax; monthly statement of receipts and expenditures of the
Government for budget receipts from Internal revenue. Certain detail
by type of tax la available only on the baela of returns filed with
the Internal Revenue Service. The flginree shown Include collections
for credit to special accounts for certain Island possessions, as
reported by the Internal Revenue Service.
Includes old-age insurance tax on self -employment inccsoe. Imposed by
the Social Security Act Amendments of 1950 (Public Law 73'^), approved
August 28, 1950, The tax la levied and collected as part of the
Individual Income tax. For estimated fiscal year breaMown, see Table 1.
For estimated fiscal year breakdown between Income tax withheld and
noclal security taxes, see Table 1.
fnder revised accounting procedures effective July 1, 195'^, tax payments
i^-ade to banks under the depositary receipts system are lncl\^ed in
Internal Revenue Service reports of collections In the month In which
the depositary receipts are Issued Instead of the month In which tax
75,109,083
ipource:
'J
205,788
l,2lll,U5
12
2
Total tobacco taxes.
y
l83,763r
1,1:16 ,U 73
y
returne eupported by the depositary receipts are received in Internal
revenue offices, as was the previous jaractlce. The "Uhdistrlbuted
depositary receipts" included In the collections represent the amount
of depositary receipts lasued durir^ the period loss the amount received with the returns. In the case of excise taxes, it Is not
possible to classify the depositary receipts by type of tax until the
returns are received. Accordingly, the amount of such undistributed
depositary receipts Is Included only in the total of excise taxes.
Includes advance payments of estate and gift taxes not further classified
the amounts of $l6, 116,000 and $19,381,000 for 1955 and
1956, respectively.
Includes unidentified aixl exceee collectlone and profit from sale of
acquired property. These collections were Included with "Other
excise taxes" prior to the August 195^ Issue of the Bulletin.
See Table 1, footnote 1.
See Table 1, footnote 5r Eevleed (see footnote 5)Less than $500.
m
Treasury Bulletin
52
.MOBETAEY STATISTICS,
Table 1.- Money In Circulation
(In mlllione of dollars except aa noted)
Paper money
Total
Bod of fiscal
year or month
iscney In
Total
paper
money
circulation 1/
19'»9
Gold
certificates
2/
26,0311
1*3
25,661
26,231
111
27,3118
38
37
1950
1951
1952
1953
27,156
27,809
29,oe6
30,125
28,359
195*
1955
1956
29,922
30,229
30,715
28,127
28,372
28,767
39
35
3''
33
SUTer
certificates
Treaauiy
notes of
1890
a/
Uilted
States
notes
Federal
Beserve
notes
Federal
Reserve
Bank
notes
y
2,061
2,177
2,092
2,088
2,122
319
321
23,209
22,760
318
318
318
23,'>56
2li,605
2,135
2,170
2,1U8
320
319
318
25,385
25,618
26,055
25,609
National
bank
notes
y
309
93
86
81
77
271*
21*3
221
200
73
180
163
70
67
11.7
6l>
1955 -Dec ember.
31,158
29,231
3''
2,155
311.
26,506
155
66
1956-July
30,6olt
28,61.7
313
313
313
25,975
26, U9
26,107
6l>
28,790
28,791
2,11U
2,116
2,130
U5
30,757
30,768
33
33
33
IWi
6l>
11.3
61t
30,839
28,8Uli
29,Uo8
29,763
2,130
2,152
2,173
315
317
316
26,159
26,701
27,038
1U2
31,U2li
33
33
33
lUl
lUO
63
63
63
28,623
28,582
28,585
33
33
33
2,033
2,039
2,065
3OI1
309
315
26,051
26,001
138
137
136
63
62
62
Augxiat
. .
September
October.
BoTember
December
31,790
1957 -January..
February,
March, ...
End of fiscal
year or month
30,6ll»
30,575
30,585
Standard
silver
dollars
Total
coin
Subaldlaiy
silver
25,97't
Minor
coin
Money in
circulation
per capita
(in dollars) 5/
18I..33
19lt9
I,lt59
l61t
9I1O
1950
1951
1952
1953
1,''96
170
ISO
191
2ce
965
1,020
1,093
1,150
361
378
393
179.03
180.17
1*13
188.72
195k
1955
1956
1,795
1,858
1,165
1,202
1,259
1.19
181.. 21.
1*33
1,9118
212
223
237
182.91
182.73
1955-December.,
1,927
231
1,21.6
1.1.9
186. 8U
1956 -July
August . .
September
1,957
1,967
1,977
239
'•56
2I>1
1,262
1,267
2ll2
1,271.
1.61
181.78
182.38
182.15
October .
Hovember .
December.
1,995
2,016
2,027
2ltl>
1,288
1,303
1,309
1.61.
182.29
1.68
185.1.8
1.71
187.38
1957 -January.
February ,
1,990
2I17
U66
1,993
2I17
2.000
2i>e
1,277
1,279
1,285
180.03
179.57 r
179.37
1,578
1,678
1,766
.
.
.
March
245
2U7
Source: Circulation Statement of United States Money.
Szcli^ea money held by the Treasury, money held by or for the account
of the Federal Reserve Banks and agents, and coin estimated to be
Includes
held outside the continental limits of the ttoited States
paper curreiKy held outside the continental limits of the lAilted
States
i/
.
2/
^
kj
5/
1.58
1.66
1.66
l8i..qo
Gold certificates were withdrawn from circulation in 1933.
Treasin7 notes of I890 in circulation are being canceled and retired
upon receipt by the Treasury.
Federal Reserve Bank notes and national bank notes are covered by
deposits of lawful money and are in process of retirement.
Baaed on latest population estimates by the Bureau of the Census.
Revised.
6
5
.,. .
May 1957
53
.MORETARY STATISTICS.
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amouata In mllllona)
Oold
Bui of f lecal
yaar or month
($35 per
fine ounce)
SllTer
($1.29+ per
fine ounce)
Ratio of ailrer
to gold and
BllTer In
monetary atoclcB
(In percent)
19't9
2lt,li66.3
1950
1951
1952
1953
ai»,230.7
195'i
12.9
13.2
21,755.9
23,31^.5
3,618.3
3,671.5
3,718.5
3,768.5
22,ll62.8
3,8U.3
lit.
3,863.1
1955
1956
21,927.0
21,677.6
21,799.1
3,922.1i
3,99't.5
15.0
15.3
15.5
1955 -December..
21,690.U
3,930.1
15.3
1956 -Julj
Auguat . . ,
Septemlwr
21,829.6
21,857.8
lt,009.6
15.5
15.5
15.6
21,881».3
October...
noTamber .
December..
1957-Jenuary .
.
^bruary,.
Mareb
Source; Circulation Statement oi Qilted States None/.
allTBr monetary stock aee Table >».
Table 3.-
'1,023.6
'i,036.U
21,909.6
21,910.2
lt,01i9.0
21,9't9.5
U,06U.l
22,251.5
22,303.8
22,305.8
li, 0711.9
'1,056.1
It
,081 ,2
'1,087.1
lit.
13.9
15.6
15.6
15.6
15.5
15.5
15.5
For detail of
Gold Assets and Liabilities of the Treasury
(In millions of dollars)
&]d of calendar year or month
Gold assets
19''9
21t, '427.1
1950
1951
1952
22,706.1
22,695.5
23,187.1
22,029.5
1953
195k
1955
1956
21,712.5
1956 -Julj
Auguat. . ..
September.
21,829.6
21,857.8
21,690.11
21,9''9.5
21,88li.3
Liabilities:
Oold certificates,
etc. 1/
Balance of gold in
Treasurer's account
23,373.9
21,653.5
21,662.5
22,178.8
1,053.2
1,052.6
1,032.9
1,008.2
21,5'»5.7
1*83.7
21,223.5
21,199.1
"(89.0
1*91.2
1*91.2
21,1(58.3
21,3110.6
21,368.2
21,386.2
1*88.9
1*89.6
1*98.2
October. .
November.
December .
21,909.6
21,910.2
21,lii2.3
21,1(16.5
21,1>58.3
1*97.3
1*93.8
21,9'>9.5
1957-Jonuary . .
February .
March....
22,251.5
22,303.8
22,305.8
21,750.5
21,815.1
21,815.3
501.1
U88.6
U9O.5
Source: Circulation Statement of liilted States Money.
1/ Comprises (1) gold certificates held by the public ani in Federal Fesorve
Banks; (2) gold certificate credits in (a) the gold certificate fund -
1*91.2
Board of Ooremars, Federal Reserve System, and (b) the redemption
fund - Federal Beeerre notes: and (3) ressrve of $156.0 milllca
against tlaited Statea notes and Treasury notea of 1890.
5"^
Treasury Bulletin
.MOKETAEY STATISTICS,
Table 4.- Components of Silver Monetary Stock
(in
mlUlono of dollars)
Silver held In Treaaury
E^)d of calendar
year or month
SecTirlng silver certificates 1/
Silver
bullion 2/
Silver
dollars
Subsidiary
coin i/
321.9
312.8
301.0
289.3
278.3
11.4
3.6
1.7
3.9
6.3
267.6
253.5
236.3
U8.0
15.7
2.3
2ll5.1
6.5
5.2
19^9
1950
1951
1952
2,003.2
2,040.7
2,073.5
2,109.7
1953
2,11*0.8
195^
1955
1956
2,171.1
2,208.9
1956 -July
August . , .
September.
2,203.5
2,206.U
2,207.9
2U1.U
2U0.6
October...
Rovember .
Decamber.
2,208.9
2,208.9
2,208.9
238.9
238.0
236.3
1957-January , .
robruary..
Maroh, , • ,
2,209.1
2,209.1
2,209.1
23't.O
2,19''. I*
2/
i/
Bullion for
recoinage kj
Bullion
at cost
94.4 2/
Silver
dollars 1/
Suhsidlary
coin i/
Total
silver
at $1.29+
per fine
ounce
171.0
179.8
191.3
2oe.5
213.2
982.2
1,022.2
1,083.1
1,158.1
1,213.1
3,643.1
3,697.1
3,741.3
3,794.1
3,837.0
17.6
62.9
223.1
235.4
252.2
1,242.7
1,283.2
1,338.2
3,886.6
3,930.1
4,064.1
47.3
51.5
56.2
243.5
247.2
248.0
1,312.6
1,316.9
1,319.9
4,009.6
4,023.6
4,036.4
3.0
2.3
59.8
61.0
62.9
249.7
250.5
252.2
1,326.9
1,332.7
1,338.2
4,049.0
4,056.1
4,064.1
7.0
9.7
15.8
66.0
66.9
64.9
253.5
253.8
254.5
1,338.8
1,341.0
1,345.1
4,074.9
4,061.2
4,087.1
95.12/
82.0 2/
45.3
30.7
u.o
5.3
3.l»
Circulation Statement of tkilted States Money; Office of the
Treasurer of the Cblted States.
Valued at $1.29+ per fine omce.
Includes silver held by certain agenclee of the Federal Oovenment.
Valued at $1.38+ per fine omce.
Source:
^
235.1
23'!.
Silver outside
Treasury
In Treasurer's account
4/
•
Valued at $1.38+ per fine ounce or at $1.29+ per fix» oimce according to whether the bullion is held for recolnage of subeldiary
silver colna go* for recolnage of standard silver dollars.
Lees than $50,000.
9
5
.,.
3
7
)
3
9
7
May 1957
55
.MONETAEY STATISTICS
,
Table 5.- Seigniorage on Silver
(CimnlatlTe frtm January 1, 1935 - In mllUons of dollars
Sources of seigniorage on sliver bullion revalued
i/
Sel^jnlorage
of calendar
year or month
Vr\A
on coins
(silver and
minor)
18.5
1935
1936
1937
1938
1939
l<6.1
63.7
69.5
91.7
WltO
19'tl
122.2
182.1
19''2
21.5.7
V)hi
igUt
299.6
362.3
19l<5
1*29.5
"•91.9
yltfi
191*7
I9I18
19't9
1950
1951
1952
1953
19tA
1955
1956
1956-Julor
Newly mi nod
silver (Proc.
Dec. 21, 1933)
"•8.7
l>8.7
I18.7
16.8
36.0
58.0
226.2
302.7
366.7
3I..5
.9
1*57.7
3l*.7
.2
530.7
3U.7
25.7
562.7
1.8.3
580.1.
63.6
65.3
581. .3
581*.3
3l*.7
3l*.7
3l*.7
3l*.7
65.1*
581*.
31*.
65.5
66 5
701.6
832.1
832.1
832.2
833.6
31*.
833.7
833.7
833.7
833.7
833.7
833.7
833.7
3l*.7
31*
1>8.7
71*
"4S.7
87.3
".8.7
118.7
It8.7
I48.7
87.6
87.6
87.6
87.6
87.6
1*8.7
1*8.7
520.5
559.2
578.7
1*8.7
1*8.7
1*8.7
1*8.7
596.6
1.8.7
6J*2.3
1.8.7
1.8.7
69U.2
lkZ.2
792.9
807.0
839.6
1*8.7
1.8.7
1*8.7
1.8.7
U8.7
August
September
821.5
asu.i
826.2
October.
November
December
830.6
835.9
839.6
1.8.7
1*8.7
8k2.3
1.8.7
8I>5.''
1*8.7
—
1957 -January..
Fefamary
Newly mined
silver (Acts
July 6, 1939,
and
July 31, 191.6)
Misc. silver
(incl. silver
bullion held
June Zh, 1931*)
1*8.7
1.8.7
1.6.7
I*
87.6
87.6
87.6
87.6
87.6
71*
5
81.
6
Silver Purchase Act
of June 19,
93 5
1931.
Ratlonalieed
silver
(Proc. of
Aug. 9, 1931.)
31..7
31*.
1,11*8.1.
3l*.7
3I..7
1,155.1*
11..
1,159.8
50.0
.7
1,158.1
1,159.0
1,159.5
37.0
39.9
1,159.8
1,159.8
1,159.8
1.7.7
1.8.9
1,159.8
1,159.8
53.1
53.5
155.2
155.2
155.2
833.7
833.7
833.7
31*.
87.6
87.6
155.3
155.3
833.7
833.7
3l*.7
Source: Bureau of Accoiints.
1/ These Items represent the difference between the cost value and the monetary
value of silver bullion revalued and held to secure silver certificates.
2j
3l*.7
3l'.7
31*.
31*.
31*
.7
31*.
31*.
iPajBaixta
Fmd
to Fedaral fieaerre Bonlm for industrial
50.0
March 31, 1957
QtaAxpandad balance of
Inoraasnt
$2,000,000,000.00
$2,000,000,000.00
139,299,557.00
27,51.6,310.97
6U5,387,965.1.5
61.5,387,965.1.5
317,577.81.
8,761,032 .W.
8,761,032.1.1.
2,819,1.86,1.27.50
111,753,21.6.03
23,862,750.78
Heltlng loaaee on gold ooln
Bureau of Accounts.
W..!.
Increaeolt
1,857, 51.1.. 09
Source:
6.6
Charges against
2,175,121.93
insraasnt.
3I..9
lAcrvtment
23,862,750.78
jtotal
129.9
127.2
Allooatlona of
^Philippine ciDTenoy reaarra
Rstlraasnt of national banlc notes
11.6.8
The figures in this column are not emulative; as the amount of
bullion held changes, the potential seigniorage thereon changes,
iTable 6.- Increment Resulting from the Reduction In the Weight of the Gold Dollar, as of
Kxohaage Stabillxatlon
967.3
717.3
31*.
87.6
87.6
87.6
151..
1,01.8.2
31.-7
151*.
1U3.8
150.8
155.2
1,055.8
1,089.0
51*1.6
758.8
950.6
111.
81.9
57.2
833.7
833.7
833.7
131..7
759.1*
397.5
1,109.3
1,119.2
1,130.0
1,139.3
31..7
153.6
I.
271..
333.2
161.2
87.6
87.6
87.6
7
6
326.2
1«2.1
508.1
616.0
705.6
938.1
1,069.6
1,077.6
1,087.8
1,098.1
3I..7
3I..7
101.
uu
Potential
Bslgniorage on
silver bullion
at cost In
Treasurer's
account 2/
799.7
818.9
8eo.6
820.7
31*.
87.6
87.6
87.6
87.6
87.6
87.6
87.6
125
Total
seigniorage
on silver
revalued
2,67l.,791,820.51
11.4, 691., 607. 09
Treasury Bulletin
56
,
EXCHAMGE STABILIZATION FUHD
.
Table 1.- Balance Sheets as of June 30, IQ66, and December 31, 1956
Jmo
Treaeurer of the United States, checking account....
Federal Reaerre Bank of Nev Tork, special account...
Dlaburslng officers* balsnces szid sdraace accounts..
December 31, 1956
30, 1956
»5,U9,557.77
»U,761.,087.'ie
1U5,276,998.05
1,953.01
ioe,U75, 891.32
2,398.52
150,398,508.83
»113,2U2 ,377.32
Special account of Secretarj of the Treas'irj with
Federal Paserre Bank of Hew Tork - gold
68,957,29''. 90
108,979,052.59
Inrest^nts In United States Gorensnent securities
95,000,000.00
95,000,000.00
l.80,U8U.71
557,7U.35
Total cash.
Accrusd Interest recelrable
U6,875.0O
Accounts recelTable
.W
3,571.36
unaaortlted preoilun on Treaeurjr obligations
36,592.01
22,68lt.75
Federal Beserre Bank of Rev Tork clearing account
2lt,732.l6
5.00
315,052,052.05
317,805,li02.37
107,561*
Interest purchased
Total assets
Liabilities and capital:
Accounts payable
Vouchers pajrable
BBployees' payroll allotaent account,
savings bonds
Miscellaneous
tftiltad
e,2it7.oi
5,838.90
2,lt27.65
2,326.22
971,725.65
States
12U, 171.61
13U,81i6.27
Total accounts payable.
Capital account
Deduct - Subscription to International Honetarj Fund.
200,000,000.00
Net Inccne (see Table 2)
Total liabilities and capital.
Hote: Annual balance sheets for fiscal rears 193'< through 19>t0 appear In
the 19UO Annual Report of the Secretary of the Treasury and those for
succeeding years appear In subsequent reports. Quarterly balance sheets
979,890.77
2,000,000,000.00
1,800,000,000.00
2,000,000,000.00
1,800,000,000.00
200,000,000.00
1111,917,205.78
ll6,eE5,5U.60
315,052,052.05
317,805,'>02.37
beginning with that for December 31, 1938, hare been published In
the "Treasury Bulletin."
May 1957
57
.
EXCHAKJE STABILIZATION FUHD
.
Table 2.- Income and Expense
Cla«Blflcatlon
January 31, WS"*, through
J\«ie 30, 1956
January 31, V}ih. through
December 31, 1956
Inccag!
Profits en British aterllz^s tranaactloos
310,638.09
Profits en Trench franc tranaactlona
310,638.09
351,527.60
351,527.60
59,352,609.1*0
60,596,3't5.Wt
50,269,199.37
50,391,117.18
102,735.27
102,735.27
Profits QD sale of sllrer bullion to Treasury (natlooallEed)
3, '•73 ,362 ,29
3, 473 ,362 .29
Profits CO Investaenta
2,0ei,ll07.22
2,010,8o6.5U
11,121,281.72
12,U0lt,85l»,17
lYoflta on gold bullion (Incliading profits frca handling charges on gold).
Profits on other gold and exchange transactions
Profits
CBi
sliver tranaactlona
Interest on InTestMents
Miscellaneous profits
86l,5l»6.95
862,81.9.53
Interest earned on foreign balances
2,8.9,683.19
2,81.9,683.19
Interest earned cD Chinese Tuan
1,975,317.07
1,975,317.07
132,689,308.17
135,329,236.37
13,893.277.111
1A,537,576.53
670,111.119
691,607.02
Total Inccms
Expense:
Personal serrlcee
TrsTel
r
Transportation of things
7^6,309.33
75l.,325.8U
Co^Bunlcatlons
ezs.aok.su
63l.,111.97
Supplies and materials
Other
Total expense
Net Ineoms
125,758.59
129,231.
.1.3
1,711,UH.30
1,756,868.98
17,772,102.39
18,503 ,721.. 77
Ult,917,205.78
116,825,511.60
Treasury Bulletin
3&
.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 I5,
I93I+, Executive Order IO033 of February S, 19'^9, and
As a result of changes in presentation
pages '4•5-'^7.
introduced In that issue, not all breakdowns previously
published will be exactly comparable to those now presented.
The first three sections which follow are published
Treasury regulations promulgated thereunder. Information
covering the principal types of data and the principal
countries Is reported monthly, and Is published regularly
monthly.
Supplementary Information Is
Reports by banks,
Intervals.
frequent
published at less
bankers, securities brokers and dealers, and Industrial
securities by foreigners, and present detailed breakdowns
In the "Treasury Bulletin."
and commercial concerns In the United States are made
Initially to the Federal Reserve Banks, which forward
consolidated figures to the Treasury. Beginning April IS^'i,
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
oountrles, of data on short-term banking liabilities to
and claims on foreigners and transactions in long-term
of the latest available preliminary data.
Section IV provides supplementary data In five tables
which appear at less frequent Intervale. Table 1, shortterm foreign liabilities and claims reported by nonflnanclal concerns. Is published quarterly In the January,
April, July, and October Issues of the Bulletin.
The term "foreigner" as used In these reports covers
and Individuals domiciled outside the
Institutions
all
United States and Its Territories and possessions, the
official Institutions of foreign countries, wherever
such Institutions may be located, and International
Table
2,
long-term foreign liabilities and claims reported by
banks and btmkers, and Table 3, estimated gold reserves
and dollar holdings of foreign oountrles and International
Institutions, are published quarterly In the March, June,
maturities.
A detailed discussion of the reporting
coverage, statistical presentation, and definitions
Table h, foreign credit
and debit balances In brokerage accounts, appears semiannually In the March and September Issues. Table 5,
short-term liabilities to foreigners In countries and
areas not regularly reported separately by banking In-
appeared In the June 1954 Issue of the "Treasury Bulletin,"
stitutions,
organizations.
"Short-term" refers to original maturities
of one year or less,
and "long-term" refers to all other
September, and December Issues.
Is
presented annually In the April Issue.
Section I - Summary by Periods
Table 1.- Net Capital Movement between the United States and Foreign Oountrles
(In mllllona of dollarB; i»gatlTe figures Indicate a net outflow of capital frcm the tliited States)
9
,
May
m7
59
.CAPITAL MOVIMENTS.
Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Position at end of period In nlUiona of dollars)
fiid
of calendar
Short-term liabilities to foreigners
Payable In dollars
or month
Foreign
official
Other
foreign
19li2
It
,205.1*
2,2llll.ll
1,91*7.1
19113
5,371* .9
I9I1I1
5,596.8
6,883.1
3,320.3
3,335.2
2,036.7
2,239.9
2,678.2
2,922.0
191*5
I9I16
6,1*80.3
I9I17
7,116.1*
I9I18
7,718.0
7,618.0
li,179.3
3,01*3.9
Short-term clalne on foreigners
Payable in dollars
Payable in
foreign
Loans to
Other
currencies
foreign banks
Payable in
foreign
currencies
;
International
13.9
17.9
21.6
25.5
2li6.7
1*0.6
257.9
329.7
392.8
708.3
1*9.7
70. li
3,1*51.7
2,262.0
1,864.3
1,657.8
1,527.8
9I18.9
I1I1.9
1,018.7
827.9
898.0
01*1.2
1,61*1.1
72.2
968. ll
1*73.7
1950
1951
8,61ili.8
1,832.1
2,836.3
2,908.1
3,620.3
9,302.2
3,51*7.6
1952
1953
10,5116.1
ll,6U8.1i
li,65U.2
l*,2U5.6
1,581*.
61. ll
5,666.9
l*,308.1i
1,629.1*
1*3.7
l,0li8.7
9OI1.5
1951*
12,922.5
13,605.3
1U,932.7
6,77l*.0
1*,
335.1*
1,769.9
1,881.1
1*3.2
1,386.5
1*0.3
1,1*52.1
1*8.8
1,51*8.5
1,91*3.9
1*5.1*
191*9
1955
1956 p
1956 -July
1"*,835.8
111,992.6
August
September.
2,972.7
1*,
2,91*7.0
3,001.0
727.5
5,399.8
6,956.3
8,031.9
li,
7,1*1*9.1
5,325.7
5,159.7 1/
5,250.9
2,015.6
1,998.0
2,005.5
15,237.6
7,783.2 1/
7,930.7
October.,
November . ,
December p.
15,139.1
15,119.6
lit, 932 .7
5,126.7
5,219.7
5,399.8
2,015.1*
8,031.9
1957-January p ,
February p.
15,0111.9
Ik, 786.6
7,721* .3
7,510.7
.
jy
7,91*5.5
7,8li0.5
51.0
51.8
50.5
72.0
11*3.7
86. ll
137.2
169.7
105.1*
100.3
319.6
21*5.0
292.9
361.2
222.7
151.1
177-2
1190.6
122.9
156.5
206.5
328.1
847.5
646.5
969.0
1,056.5
1,364.7
2U.0
I1OI1.5
290.5
557.1
1194.3
506.3
699.4
78.4
101.6
163.9
174.7
1,628.6
1,698.2
327.9
1,729.1*
331* .0
1,152.9
1,179.3
1,196.9
144.2
191.0
198.6
I.Bell .6
331.1*
51.1*
i.W.a
332.0
367.5
1,265.1
1,269.3
1,1*52.1
U8.8
1,9113.9
I1OI1.5
1,361* .7
227.5
152.0
174.7
5,1*1*1.6
l,80li.3
liU.8
2,0ll£.U
I156.O
5,51*0.1*
1,681.0
51*
.6
2,065.6
1*33.0
1,402.9
1,434.7
187.4
197.9
'
51.5
p
n^llnlnary.
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In millions of dollars; negative figures Indicate a net outflow of capital from the Dkilted States)
Calendar year
or month
165.4
100.4
110.8
240.6
91.8
2,008.0
For the first time certain accounts poreTloualy classified as
foreign" are included in "Foreign official,"
,
30.9
34.4
54.6
47.5
98.1
8
k
60
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section I - Summary by Periods
Table 4.- Purchases and Sales of Long-Term Forelgpfi Securities by Foreigners
(m mllUcna of doUars; negatlTe figures Indicate a net outflow of capital fixa the Oblted States)
Foreign beads
Calendar year
or mcuth
1935-J*1
Foreign stocks
Ret
purchase
Purchases
19*2
Mita
19Wt
Sllt.S
n.a.
n.a.
372.2
225.3
igits
318.1
3't7.3
-29.2
19k6
755.9
658.7
211.6
321.2
589.2
500.V
lt90.1(
865.5
63''.3
291.''
2l».5
W6.li
igitT
JSUB
19'«
1950
0951
1952
'195.3
5lta.5
1953
195k
T92.'i
311.5
710.2
601.0
677.
621.5
8M.3
1955
1956 P
1956 -Julj
August. •••••.
September..,,
693.3
606.5 r
"•7.6
129 .k
30.8
31.8
60.l>
October
HoTenber
Deoeaber p...
1957-J»nuary p....
February p...
173.8
U8.6
11>6.3
,
,
n.a.
P
Hot arallabXe.
PreliBlnsx7
BeTlsed.
2't.7
ltO.6
31.6
509.11
1,003.5 r
1(2.0
101.5
85.1
117.9
131.1
n.a.
n.a.
7't.2
89.0
-79.8
9.8
-121.0
-300.6
-182.1
-79.0
-I18.8
183.9
-397.0 r
-81.8
-29.6
-10.2
Purchases
Het
purchase
n.a.
n.a.
23.3
n.a.
n.a.
3.5
19.8
22.1
26.6
37.3
65.2
57.1
81.7
88.8
173.8
272.3
293.9
310.1
393.3
663.6
7'»9.2
l».5
-17.5
51..
1
65.6
-.1.
1.2.6
96.7
70.8
14.6
-15.0
16.0
198.2
-21.. I.
31.8,7
-76.1.
329.6
303 .k
Skk.g
877.9
-35.8
86I..5
6.8
1
-251.6
-eiu.3
-115.3 r
.21.0
-22.6
1.8.9
97.0
87.5
53.7
75.9
61.
.8
J. ,8
Total
purchases
Total
lt,008.2
3,152.6
227.9
391.9
21.7. U
220.5
1.69.6
31.0.9
355.1.
821.2
715.9
293.3
1.10.1
763.0
772.7
789.1
852.7
1,185.8
1,356.9
1,355.7 r
sales
W2.1
TJ.l
93.5
J.6.6
556.1
676.8
265.1
39.0
388.2
382.3
1,11*9.7
921. .9
-377.0
-217.9
-72.2
1,1.86.1
-300.1.
1,387.3
1,868.0 r
-512.1.
1,007.0
226.1.
193.0
51.6
1.6.7
"••9
''3.3
-60.1.
1.5.0
•3.9
37.5
-.7
l.k
225.5
91.9
69.6
-77.3
-99.5
53.6
53.0
.7
9l'.3
1.1.3
1.0.1
1.2
72.9
.8
27.8
-11.5.1.
123.5
95.6
80.7
27.5
-52.8
-91.
908.1.
11.7.9
95.7
-30.1.
-ioe.9
-52.3
-15.0
122.6
32 .U
-53.5
-52.9
170.9
171.2
-76.6
-98.3
11.5.1.
I
UU
..
U
May 1957
61
.CAPITAL MOVHffiMTS.
Section II - Summary by CountrleB
Table 1.- Short-Term Banking Liabilities to Foreigners
(Position at end of period In alUlons of dollars)
Calendar year
C(yuQti7
1952
1953
Boropa!
Austria
BBl^ltn
CieehosloraklB.
Dsiaark
91.1
123.9
190.9
130.3
.6
70.
HnlaDd
26.5
.6
95.7
37.9
Tnace
31i2.£
1.28.5
Oaiaan?, r«deral Bcjnibllo of.
Gre«o« .........,.•,.,«,,,,,,
Italj
898.8
100.9
Hetherlan^
551.1
•7.3
308.9
203.1
Horwv
110.3
Folaad
Porti^al
SuBBOla
Opsin
3.".
57.
6.1
•
19.2
''65.7
21.2.9
118.5
2.2
72.1.
5.8
36.
91.0
U6.7
6ltl.8
671. .2
Svaden
SvltzerlaoA..
Tnrfay
n. 3. 3. S...
anted Elaela
1.7
817.9
706.9
TagoslATla. .
Ottaer Europe.
12.0
218.8
6.9
383.5
Total Surope.
3,755.5
'•,733.6
1,U20.7
1,295.5
138.8
8.1.
Canada.
Latin Aaarlca l
Argentina. . .
Bolivia
Brarll
11.
.2
2.0
ColcoMa
U8.2
130.0
19.1
101.7
78.8
150.2
Cnl)a
301.2
3'»0.8
U.2
39.3
37.9
183.2
51.5
2't.5
72.5
79.3
Caille
DCBlnlcan Bepubllo
•••••...•
OnAtfioeLlB. .......•••••«,.«•«...,
Mexico
Ketherlande V. Indies & Surlnan,
Panam, BepniUc of
3". .3
231.2
Wi.3
80.8
60.9
25.6
Peru
11 Salvador
Omgna;
9''.1
Teneiuela
Other latin Aaerloa
l''5.5
117."!
Total Latin ABerlca
1,612.9
89-9
68.0
26.8
109.6
222.
U9.2
1,768.1.
Aalai
China Mainland.. ......
Fezaoaa
Eong Eong
India
Indcueala
,
38.3
38.2
70.9
6U.6
61.0
Iran
Israel
Japan
Korea, Bepnbllo of 2/.
Ihlllpplnes
19.2
18.8
315.1
18.0
827.9
91.5
295.5
nialland
Other Asia
181.0
167.1
167.9
171.2
Total Asia
1,836.5
1,895.5
1>7.2
59.2
89.6
808.0
5U.U
Other coiptrlesl
Australia
Sslglan Congo
SgTPt
OUon of Sooth Afrloa..
All other
,
International
Omd
total.
39.3
1.3.6
118.6
59.7
23.6
86.5
38.2
95.7
335.6
326.1
,
Total other ooimtrles.
36.'.
37.2
68.0
99.0
1,581. .9
10,51.6.1
'•3.3
i/
Treasury Bulletin
62
.CAPITAL M0VEME2JTS.
Section II - Summary by C!ountrIes
Table 2.- Short-Term Banking Claims on Foreigners
(Position at end of period In mlllloDa of dollars)
May
mi
63
.CAPITAL MOVOiENTS.
(In
Section II - Summary by Countries
Table 3.- Net Transactions In Long-Term Domestic Securities by Foreigners
thouaanle of dolltra; Mg»tlT« figures Indloat. ut a&l>a by farel«nerB or « net outflow of capital
froo the United
Country
States)
Treasury Bulletin
61^
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 4.- Net Transactions In Long-Term Foreign Securities by Foreigners
(In thouaazkde of dollare; negatlre figures Indicate net sales bj foreigners or a oat outflow of capital from the United States)
Calendar year
Coaitrj
1952
gurope:
Austria
3,818
3,511
BeleluB
C£echo8loTakla
Denmark
Finland
France
Oemany, Federal Republic of
Greece
Italy
Netherlands
Norway
Poland
Porti^al
Bumanla
Spain
Sweden
Switzerland
Turkey
O.S.S.R
anted Elngdoa
Yugoslavia
Other Europe
Total Europe
1953
1,995
1,''89
-587
-6,985
-3
-13
15,356
179
3,kl6
2,202
-11
12,00li
25,57''
2U7
1,179
U,90lt
5,395
-lt,670
-506
UO
1,170
-8,702
-162
50
3,1'»3
1,280
1,351
3,991
-6,091
-8k ,81.1
1,3''5
2,0li8
10,337
-36I.
-17
-318
67
286
l<,706
-163
6
-58k
3,056
7,21k
-28
5,955r
152
-12
160
loe
679
18,370
2,502
131
2,980
1,627
517
623
2,013
2,120
500
16k
70k
5k3
2,22k
2,k35
603
1,159
-629
208
178
823
71
16
2,008
-211,275
-20,090
-1,631
-1,885
1,783
k66
2,k85
6k
58
2,286
-k,8l7
60
1,15k
-558
71k
19
-k2
23k
1,525
January p
2,03k
996
l6,T25r
19,000
2,k58
1,065
-992r
5,''01
l(,662
1957
December p
September
1956 P
1955
WS"!
5,309
58
8,73''
1956
1,27k
-23'i
3
3
28k
kk7
59
-73
-W.
-9
207
62
-285
282
37,30U
-18
J'87
33,620
-197
-1,332
Ik, 233
-85
k95
I8,591r
-35,235
-59,2l8r
-k9
1
1
2
-7
-Ik
2k
107
k5
-39
12
-3
-153
1,118
-618
207
k,513
2,791
1,372
390
2
-3,880
-2,637
180
2
112
3,808
k
-13
1,91k
3,19k
-11,398
37,051
-s
-1
121
-5
752
1,131
2,807
l,6k2
150
207
197
19,939
96,259
-9,119
-k5,523
7,kllr
-Ji,190
21,955
16,992
11,919
lk,968
1U1,019
-137,761
-133,17k
7k,15k
-kk8,196r
-16,275
6,605
-53,k87
-55,k21
-17,7k8
-292
77
-1,558
118
5,763
3,621
1,058
-16
Ik
103
-10
632
95
k88
-97
Ik
826
132
Ik
-7k
-5
-lk6
k
-68
lk7
997
31k
112
18
561.
2k2
k6l
7
12
-5
-30
6
kk5
k85
Ilk
-250
-6k8
latin /merlca:
Argentina.
116
78
6,9»t
2,163
BoUTla...
Braill....
Chile
Coloobla..
1,71''
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands W. Indies
Surinam
Panama, Republic of.
5,239
U8
168
It
,296
501
5k
7,189
1,562
l,2k5
5,5kO
3,089
-1,007
127
5,35k
5,311
211
-351
6,031
51
-323
-Ikk
21
6,262
-62
1,961
6,k69
523
2,868
228
9,07k
-68
8,067r
k2
k98
61
23k
60
26
210
k,3k7
8c
1,115
515
k35
237
3,356
29
20
123
686
2
1,801.
1,322
129
2,753
-430
117
12,179
-1,186
-39k
k87
1,798
-1,871
-861
2,875
106
-97k
25
350
-k7
k76
10
9
580
-2,055
-5,55k
-10
-216
-257
-1
16
-29
-135
268
-1,638
Ik
136
386
-186
-102
-612
236
-1
-5,133
-k6
-319
-120
313
15
13k
17,l8kr
763
-501
2,85k
k3k
2,17k
155
1
Peru
El Salrador
296
tJkniguay
-50
Venezuela
Other Latin America.
775
11.5
5,065
3kO
2,137
1,633
k96
6,299
Total Latin America.
25,332
3k,599
32,760
23,506
22
220
2,159
56
358
5,125
k36
70
k50
3,205
-331
29
18
68
k92
-6
5
15
-10
-25
k3
18k
lk3
10
7
-2
3
129
-kl,736
19
-53,088
19
601
-5k
17
-1,22k
113
-3,186
-828
k
-8,626
62
7
-9,279
75
-8,185
70
-7
5
U1.1
Asia:
China Mainland.
Formosa
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of.
Phlllpplnee
Thailand
Other Asia
Total Asia.
535
353
l.Uge
109
U,869
2,358
IkO
12
J»6,757
25
-38,172
k,038
1
9,782
e
136
-18k
139
-Ik
-39,992
6,232
7
-k9
/
281
-133
-l,9k9
2k5
56
12
-2,387
-211
-657
-11,272
1,308
8,071
5,015
1,999
2,627
2
1,272
k3k
501
k9k
953
5
-353
-10,0ll2
-29,905
-3k,lk9
-k8,725
-39,962
k,019
1.209
-8,031
-8,092
-8,500
2,519
25,959
ll,0k2
Ik, 850
6
207
1,179
-17,695
1
232
3,905
9k
-37
1,022
-9
-677
l'',32
ll,320
Other coictrlas:
Australia
Belgian Congo
Egypt
CblGO of South Africa.
All other
-2
-U
3
-lt03
16
60
-5,''13
-5,107
k,956
-5,6k7
1,722
9,280
-19
-21,796
-3k3
-23,959r
8
-1
k69
7,772r
1
k
-3
-6k
-1,012
31
1,706
k,151
5,981
25,813
7,180
-7,302
-15,711r
~3S8
2,917
-13,kk9
1,217
3,219
International
-U8,067
-61,236
-163,886
-26,53k
-33,09kr
1,580
219
1,619
-2,98k
-70,71k
Grand total.
217,876
-72,231
-300,386
-30,k2k
-512,368r
-lk,971
32,k0k
-53,502
-52,927
-76,601
Total other countries.
i/
Not reported separately prior to March
195*1.
p
r
Preliminary,
Revised.
February p
May
m7
Treasury Bulletin
66
.CAPITAL MOVIMEHTS.
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of February 28, 1057
(Fosltloa In thoosandjt of dollars)
May
im
Treasury Balletit
66
.COEPOEATIONS AHD CERTAIH OTHER BUSINESS-TYPE ACTIVITIES.
The financial statements of corporations and certain
regulations as agency accounting systems are developed to
other buBlnesB-type activities of the United States Oovern-
the point where they are capable of furnishing the financial
ment vblah appear In the "Treasury Bulletin" beginning with
reports required.
the August 1956 Issue are compiled from reports submitted
to the Treasury under Department Circular No. 966, Issued
January 30, 1956,and Supplement No.
1,
Issued June
1,
I956.
The regulations so Issued are pursuant to Section n't of
the Budget and Accounting Procedures Act of 1950(31 U.S. C.
66 b), and represent another step In the program of com-
prehensive and Integrated Oovernment accounting and financial reporting for iftiich authority was provided In that
act.
They supersede Budget-Treasury Regulation No.
3>
Four kinds of financial statements are called for by
Department Circular No. 9^6 and Supplement No. 1. They
are statements of financial condition. Income and expense, source and application of funds, and long-range
commitments and oontingenoles.
All of the financial state-
ments required by the Circular will be presented in the
Bulletin.
The statements of financial condition are
published quarterly, as before, and appear as Section I in
issued under Executive Order No. S512 of August I3,
igltO,
the series of tables.
as amended by Executive Order No. 90SI+ of March 3,
l^'^Z.
tions are for March
The first data under the new regula"}!,
August 1956 Bulletin.
1956,
and were presented in the
Statements of Income and expense and
In coverage, the new regulations require submiselon
of financial statements by all wholly owned and mixed-
source and application of funds continue to be published
ownership Oovernment corporations specifically Included
In the Oovernment Corporation Control Act, as amended
of these statements under the new regulations cover
(31 U.3.C. 8't6, S56); and all other activities of the
Oovernment operating as revolving funds for v*ilch businesstype public enterprise or Intragovernmental fund budgets
are required by the Bureau of the Budget.
Other activities
semiannually, and appear as Sections II and III.
The first
the
were published In the January 1957
Bulletin. Long-range oommltments and contingencies will be
added on a semiannual basis for a subsequent date. VI thin
fiscal year 195^.
the sections,
by typo,
af"!
the agencies are grouped In separate tables
as follows:
public enterprise and Intragovern-
and agencies whose operations, services, or functions are
mental funds, certain other activities, deposit funds,
largely self-liquidating or primarily of a revenue-producing
trust revolving funds.
and
In the first two of these tables
nature, and activities and agencies whose operations result
the agencies are further grouped by major functions In
Investments
accordance with the functional classification in the current
in the accumulation of substantial Inventories,
and other recoverable assets, may be brought under the
Budget document.
.
:
:
May 1957
69
.
Section II
COEPORATIONS AHD CEPTAIK OTHER BDSINESS-TYPE ACTlVITJJiS.
- Income and Expense for the Six Months Ended
December 31, 1956
Table 1.- Summary for Specified Classes of Activities
(In thouBaadfi of dollars)
Public enterprise funds
and intragovemmental
funds {See Table 2)
Certain other activities
(See Table 3)
mCOME AKD KIH3ISE
IncoBie:
Selea of goods and eeirlcea
Interest
On public debt securities
Other Interest Incone
Guaranty and Insurance prealuns .
Other major Inccne Items
Other Incone
lt,22l(,502
Total Income
U ,904
1*
10 ,063
50H>089
10 ,063
163 ,065
lllt,279
111*
20,376
31,129
Expense
Direct cost of f;oode and services sold:
Cost of coeaDOdltles sold
Materials applied
Wages azul salaries applied
Other applied expenses
Increaae {•), or decrease. In:
Work-in-process
Finished goods
Other operating expenses
Deprec latlon
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S. Treaeurj.
Other
Other major expense Items
Miscellaneous expense
I
,181* ,201*
,1*1+6
1*0
,298
31*1 ,021*
,279
20,376
21*
,990
1*, 516
,985
3,081,112
38,090
1,303,912
3 ,081 ,112
579 ,008
579 ,008
6,139
387
,1*61
38 ,090
1,303,912
I
i
-M-77
-1*77
-1*0,513
-1*0,513
160,553
11*5 ,1*58
,
,
Total expense
M8
129
A5
3U ,869
83 ,956
68 ,161
21*6
,122
209 ,232
1*0
106,167
32,232
101 ,055
28,31*9
826
5,636,109
11*5,365
-6,1*1*1*
-5,106
-3,055
3,707
-1,338
-12 ,1*25
-22 ,672
-11 ,951
3,599
-96,1*51*
-1*4 ,789
-15 ,1*80
-22,756
-55,1*77
Total other gains, or loasea (-]
36,890
3,883
,1*71*
lt,721
Other gains, or lossea { -):
Loans charged off (-)
Other assets charged off ( - )
Gain, or loss (-), on sale of fixed assets.
Gain, or loss (-), on sale of other assets.
Other
60,881*
101 ,055
3,895
,781
5
15,095
5,579
22 ,211
-81*
-1*3.526
108
-51,665
let Income, or loss (-), before change In valuation
,1*82
-1 ,163 ,916
295 ,712
291* ,721*
-1,556
717
-155,695
-1,556
717
-155 ,695
9,510
-80
,699
908
-821* ,871*
-1,016,216
191,31*2
1,099
5,916
-1*,817
823 ,771
-1,010,296
186,525
-973
ellowancea
tncrease {-), or decreeae, In allowancea for losses:
Allowance for losses on loans
Allowance for losses on acquired security or
collateral
Allowance for losses on fixed aasets
Allowance for losses on inventories
Other
9,1*30
Net Increase (-), or decrease, in allowances for
lossea
,
*et Incone, or lose (-), far the
11*8
,607
11*7
190
,1*31*
six months
ended December 31, I956
™hargea (-), or credits, applicable to prior years.
Jet income,
or lose (-), transferred to acc\aaulated
net Incone, or deficit (-)
-
CHAICES PI ACCBMULAIKD MET HICOME OH DEFICIT
^cumulated net Incest, or deficit (-), as of
June 30, 1956
Net Income, or loss (-)
Capital transfers of earnings or profits to the
U. S.
Treaeury(-)
Other
at end of Section III,
-1* ,61*1*
,776
-7,1*60,878
,188 r
-1 ,010 ,296
-56,181
61*9
^cumulated net Inccne, or deficit (-), aa of
December 31, I956
Footnote
-7,230,710 r
-823 ,771
-1*
-2,586,522 r
186,525
-31,368
927 ,171*
-277,398
,758 ,670
-2 ,702 ,208
-21* ,813
70
Treasury Bulletin
.
COEPOEATIONS AND CERTAEN OTSEB BUSINESS-TYFE ASTIVlTiES.
Section II - Income and Expense for the Six Months Ended December 31, 1956
Table 2.- Public Enterprise Funds and Intragovernmental Funds
[In thoueandf of dollars)
ifejor national security
Public enterprise funds
Defense production expansion
Total 1/
Export-Import
Bank of
Washington
General
Services
Administration
AgriciHture
Department
Interior
Department 2/
nCOME AMD EIIEHSE
iQCODe z
Seles of goods and eer?lcee
Interest:
On public debt aecurltlee
Other intereet Inccme
Guaranty and insurance premiums
Other major Inccme items
Other income
Total income
Expense:
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and aalarlee applied
Other applied expenses
Increase (-), or decrease. In:
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Intereet on borrowings from the U. S. Treasury.
Other
Other major expense items
Miscellaneous expense
Total expense
H,181t,20l(
111*
1,625
1,373
252
516 ,985
26
,71*1
.081 .112
38 .090
1 ,303 ,912
579 .008
61+
,162
1»,
3
1,031
-1+77
-1,21+1
-1*0,513
-1+1,037
11+5,1*58
1,1+65
.869
83 .956
68 .161
882
1,287
31*
209 ,232
28 ,31*9
101,055
3,895
1*21
5,636.109
1*23
Total other gains, or losses (-)
615
91*8
1*,068
37,3s*
1*,683
901
-1*,683
-901
-11+6
,789
-11*8
-1,163,916
651
9,866
-1.338
-12 .1*25
-22 .672
-11 ,951
3,599
-1*1*
Increase (-), or decrease, In allowances for losses
Allowance for losses on loans
Allowance for losses on acqiilred security or
collateral
Allowance for losses on fixed aseeta
Allowance for losses on inventories
ether
250
-2
387
-1 ,397
291* ,721*
-1,556
717
-155,695
9.510
Net increase (-), or decrease, in allowances f colosses
Net income , or loas ( - ) , for the six months
ended December 31, I956
,1*91
,279
20 ,376
2U .990
Other gains, or losses (-):
Loans charged off ( Other assets charged off (-)
Gain, or loea {-), on sale of fixed assets
Gain, or loss (-), on aele of other aaeets
Other
Net income, or loss (-), before change In valuation
allowances
23
10 ,063
163 ,065
11*7
.699
-1.016.216
Charges (-), or credits, applicable to prior years.
5.916
Net income, or loss (-), transferred to acctanulated
net inccme, or deficit (-)
-1,010,296
-1 ,397
387
-10 ,771
-I*
,683
-2 ,298
-I*
,683
-2 ,297
92
387
-10 ,679
1,220
387
-113 ,772
-55,672
^0 ,679
-1*,683
-20,578
-2,297
1,607
-121+ ,1+61
-60,355
-22 ,875
CHANGES IB ACCIMULAIKD NET INCOME OR DEJICIT
net income, or deficit (-), as of
June 30, 1956
Net Iricome, or loss (-)
Capital transfers of earnings or profits to the
U. S. Treasury (-)
Other
Acciffliulated
Accumulated net inccme, or deficit (-), as of
December 31, 1956
Footnotes at end of Section III.
-1* ,61*1+
,188 r
-1 ,010 ,296
-31.368
927.171+
-1*
,758 .670
(Continued on following page)
)
:
)
May 1957
71
-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section II
Income and Expense for the Six Months Ended December 31, 1956
Table 2.- Public Enterprise Funds and Intragovernmental Funds - (Continued)
-
(In thoueanda of dollare)
Ma j
.
natl. security-(Cont.
Intragovernmental funds
Defense Department
Account
Air Force Department
Stock
fund
mCOME
AffD
EXiraSE
Sales of goods and eerrices
Interest
On public debt securities
Other Interest Income
Guaranty and Insurance premiime.
Other major Inccoie Items
Other Income
585 ,066
Total Income
588 ,099
j
I
'
I
I
Direct cost of goods and serrlceB sold:
Cost of coanmodltles sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-), or decrease. In:
Work-in-process
finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S. Treasury.
Other
Other major expense Items
Miscellaneous expense
Total expense
Other gains, or losses (-):
Loans charged off (-)
Other assets charged off ( Gain, or lose (-), on sale of fixed assets.
Gain, or loss (-}, on sale of other assets.
Other
Total other gains, or losses {-)
Bet Income, or loss (a Howances
6,019
3»033
{Expense:
'
Industrial
fund
573 ,896
5,025
72
Treasury Bulleth
.
Section
COKPORATIONS AKD CERTAIN OTHER BUSIKESS-TYEE ACTIVITIES-
- Income and Expense for the Six Months Ended December 31, 1956
Table 2.- Public Enterprise Funds and Intragovernmental Funds - (Continued)
II
(In tbouaandi) of dollare)
:
:
)
)
May 1957
Ti
.CORPORATIONS AHD CERTAIN OTHER BUSINESS-TYFE ACTIVITIES.
Section II - Income and Expense for the Six Months Ended December 31, 1956
Table 2.- Public Enterprise Funds and Intragovernmental Funds - (Continued)
(
In thousande of dollars
Labor and welfare
Public enterprise
HEW Dept.
Public
Health
Service
2/
firnds
Intragovernmental funds
Labor Dept.
Commerce Dept. Health, Education, and Welfare Department
Bureau
of
Employment
Security 10/
National
Bureau
of
Standards 11/
Public Health Service
Service and
supply fund
Narcotic
hospitals
other 12/
Justice Dept.
Federal
Prison
Industries,
Inc.
IHCOME AND EITgNSE
Incoaae
l
Selea of gooda and eerrlcea
Interest
On public debt securltleB
Other Interest Income
Guaranty and Inein'ance premiums ..................
Other major inccxne Items
Other Inccane
95
Total Income
96
Expense:
Direct cost of goods and services sold:
Cost of commodltlee sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-}, or decrease, in:
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense
Interest on borrowings from the U. S. Treasury.
Other
Other major expense Items
Miscellaneous expense
11 ,775
223
531*
221*
m;
2,219
121*
2,219
11 ,775
67
1,821*
1,589
938
58
8,01*2
1,928
29
2,260
1
902
105
-5
-20
189
8
11
96
Total expense
11,810
233
51*1
Other gains, or losses (-):
Loans charged off ( Other assets charged off (-)
Gain, or lose (-), on sale of fixed assets
Gain, or loss (-), on sale of other aeaets
Other
Total other gains, or losses (-)
Het income, or loss (-), before change In valuation
allowances
-Itl
Increase (-), or decrease. In allowances for losses
Allowance for losses on loans
Allowance for losses on acquired security or
collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
Net increase (-}, or decrease, in allowances for
losses
Net income, or lose (-), for the six months
ended December 31, 1956
-111
-37
Charges (-), or credits, applicable to prior years.
m
25
3
Net income , or loss ( - ) , transferred to acctmulated
net Inccnie, or deficit (•)
CHANCES
-1*1
-37
620
-Ul
-37
28
ACCttlUmED NET INCOME OB DEFICIT
Accumulated net Income, or deficit (-), as of
June 30 , 1956
Net income, or loss (-)
Capital transfers of earnings or profits to the
U. S. Treasury (-)
Other
Accumiilated net inccme, or deficit (-), as of
December 31, 1956
Footnotes at end of Section III.
12,969
l»5
-1
75
-1
63
-63
U4
-37
(Continued on following page)
269
71*
7^^
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYFE ACi'iVlTJ-bS-
Sectlon
II
-
Income and Expense for the Six Months Ended December 31, 1956
Table 2.- Public Enterprise Funds and Intragovernmental Funds
(
-
(Continued)
In -thoueandB of dollars ]
Agriculture and agricultural repourcea
Public enterprise funds
Farm Credit Administration
Federal
Rarm
Mortgage
Corporation
Federal
intermediate
credit
banks
Production
credit
corporations
Agriculture Department
Agricultural
marketing
revolving
fund
Commodity
Credit
Corporation
IHCOME AHD gllHISE
Xocane
Sales of goods azid services
Interest
On putiXlc debt securities
Other Interest loccoe
Guaranty and insurance premlians
Other major Income Items
Other Inconie
1
792
ll|.28l|.
•.•...•.•••.
108
15,076
Total income
Expense:
Direct cost of goods and eervlces sold:
Cost of coemodltles sold
Materials applied
Wages end salaries applied
Other applied expenses
Increase (-), or decreaae, in:
Work*ln-proces8
Finished goods
Other operating expenses
Itepreclatlon
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S. Treasurj.
Other
Other major expense Items
Miscellaneous expense
178
876
13 ,992
Total expense
15 ,01+6
Other gains, or loeaea {-):
Loans charged off (-)
Other assets charged off (-)
Gain, or loss (-}, on sale of fixed assets
Gain, or lose {•), on sale of other assets
Other
Total other gains, or losses (-]
Hot lnc<»e, or loss (-), before change in valuation
allovanoee
Increase {-), or decrease. In allowances for losses
Allowance for loeeee on loans
Allowance for losses on acquired security or
collateral
Allowance for losses on fixed aasets
Allowance for losses on inventories
ether
Ket increase (-), or decrease, in allovances for
losses
Neb income, or loss (*), for the six months
ended December 31, 19^
Charges (-), or credits, applicable to prl<»r years.
Net income, or loss (-), transferred to accioulated
net Income, or deficit (•)
CHAMCES
m
ACCIMULATED SET DiCOME OR DEFICIT
Accumulated net income, or deficit (-), as of
June 30, 1956
Ret Income, or loss (-)
Capital tranefere of earnings or profits to the
U. S. Treasury (-)
Other
Acciffliulated
net Inccne, or deficit (-), as of
Reenter 31, 19^
Footnotes at end of Section III.
lf9l|
257
32
606
Farmers Home
Administration jj/
'
'
)
:
)
May 1957
75
.CORPORATIONS AND CERTAIN OTHER BUSHtESS-TYEE ACTIVITIES-
Sectlon II - Income and Expense for the Six Months Ended December 31, 1956
Table 2.- Public Enterprise Funds and Intragovernmental Funds - (Continued)
(In tbouaendB of dollars)
Agriculture and agricultural resources - (Continued)
Public enterprise funds-(Cont.)
Intragovernmental funds
Agriculture Department
Federal Crop
Insurance
Corporation
Disaster loans,
,
revolving
fund
etc.
mCOME A»D EXIEHSE
Incone:
Selea of goods and eervlcea
Interest
On public debt securltlea
Other Interest Incone
Guaranty and insurance presluns >.•••...•>•>•.
Other major Inccme itema
Other Inccme
Total Incoane
\2
22 ,219
222
22
Expense:
Direct cost of goods and services sold:
Cost of coimnodltles sold
Materials applied
Wages and salaries spplled
Other applied expenses
Increase (-), or decrease, in:
Worlt-ln-proc?99
Finished goods
Other operating expenses
DepreclatioD
Administrative expenses
Grants and contrlbutioce
Interest expense:
Interest on borrowlnga from the U. S. Treasury,
Other
Other major expense Items
Miscellaneous expense
,1^83
26
Total expense
Other gains, or losses (-):
Loans charged off (-}
Other assets charged off ( Gain, or lose (-), on sale of fixed assets
Gain, or loee (-), on sale of other asaets
Other
Total other gains , or losaes
(
-
Rat Income, or loss (-), before change in valuation
allowance e
in allowances for losses
losses on loans
losses on acquired security or
Incrfeaee (-), or decrease,
Allowance for
Allowance for
collateral
Allowance for
Allowance for
Other
losaes on fixed assets
losaes on Inventories
Net Increase (-), or decrease, in allowances for
losses
Net Inccme, or loss (-), for the six months
ended December 31, I956
-225
-11
,lJ-73
Charges (-), or credits, applicable to prior years.
Net income, or loss (-), transferred to accwiulated
net Inccme, or deficit (-)
CHAMCES
m
-11,1^73
ACCtMULATED MET IHCOME OH DEyiCIT
Accumulated net Inccme, or deficit (-), aa of
June 30, 1956
Het Income, or loss (-)
Capital transfers of earnings or profits to the
U. S. Treaeury(-)
Other
Accimulated net income, or deficit (•), aa of
December 3I, I956
Footnotes at end of SectloQ
HI.
1,590
-106 »786
-11 »1|73
-118,259
1,590
-
(Continued)
Natural resources
76
.
..- rO'RPO'RATT
:
May
1957
77
CORPORATIONS AND CERTAIN OTHER BUSINESS-TTFE ACTIVITIES-
Sectlon II - Income and Expense for the Six Months Ended December 31, 1956
Table 2.- Public Enterprise Funds and Intragovernmental Funds - (Continued)
(In tbou«azuiB of dollarB]
Commerce and housing
Promotion of water transportation
Intrsgovemiaental funds
Public enterprise funds
'Commerce Department
Treas. Dept.
*
Coast Guard
Panajna
Inland
Waterua78
Corporation
laCOME AMD
Federal ship
mortgage
insurance 22/
Vessel
operations
22/
Mar risk
insurance
Canal
Company
22/
22
Supply
fund
Yard
fund
gmiSE
Income:
Salee of gooda and eerrlcea
Interest
On public debt eecurltlee
Other Intereat Incooe
Guaranty and Insurance prealuna
Other major Inccne Itema
Other inccsne
7,816
6,671
5,706
.309
,672
5,71*0
12,199
5.672
1)4.931*
11*5
1.891*
266
»5
Total InccBK
375
33
Expense:
Direct coat of goods and serrlces sold:
Cost of caasodltlea sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-), or decrease, in:
Work-ln-proce3s
Finished goods
Other operating expenses
Deprec latlon
Mmlnletratlve expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S. Treasury.
Other
Other major expense Items
Miscellaneous expense
9.036
15
31*
.1*22
2,723
3.069
452
1*,250
5,821*
3,625
259
Total expense
1*5
13,373
1*3 ,1*97
Other galne, or losses (-}:
Loans charged off (-)
Other assets cbsrged off (-)
Gain, or lose (-), on sale of fixed assets
Gain, or loss (-), on sale of other assets
Other
Si/
6,672
71
71
Total other gains, or losses (-)
Net Income, or loss (-), before change In valuation
allovances
mi
-3 .396
wi
-3,396
29
1,812
Increase (-), or decreaae. In allowances for losses
Allowance for losses on loans
Allowance for losses on acquired security or
collateral
Allowance for losses on fixed assets
Allowance for losses on Inventoriee
Other
Net Increase (-), or decrease, In allowances for
losses
Net Income, or lose (-), for the six months
eiuled December 31, 19^
>
Charges (-), or credits, applicable to prior years.
Net Income, or loss (-), transferred to accianulated
net Inccme, or deficit (-)
1,812
71
-1
-3 ,396
139
CHAMSES IN ACCIHULAIEP NET INCOME OR rETICIT
Accumulated net Income, or deficit (-), as of
June 30, 1956
Net Income, or loss (-}
Capital transfers of earnings or profits to the
U. S. Treasury (.)
Other
Acc\mulated net Income, or deficit (-], as of
December 31, 19!^^
Footnotes at end of Section III.
-15,1+52
139
-15,312
1U2
70
33 .582
-3 ,396
233
29
78 ,677
1,812
30,186
263
80
(Continued on following page)
,1*90
11*0
7S
Treasury Bulletin
.
CORPOBATIONS AND CERTAIN OTHKR BUSINESS -TYPE ACTIVTTIES.
Section II - Income and Expense for the Six Months Ended December 31, 1956
Table 2.- Public Enterprise Funds and Intragovernmental Funds - (Continued)
(Id thoueandB of dollATe]
Comaerce and housing
Postal service
-
(Continued)
Conmninlty development and faeilltieB
Public housing programa
Public enterprise funds
Post Office
Department
Postal
fund 2y
IHCOME AND
gHBSE
Income:
Sales of goods and eervlces
Interest
On public debt securltleB
Other Interest Inccoe
Guaranty and Insurance premlisiis
Other major Inccme Items
Other iQcone
Total incane
1 ,376 ,360
7,076
7,772
1 ,391 ,208
Expense:
Direct coat of goode and serrlcee sold:
Cost of cotmBodltles sold
Materials applied
Wagee and salaries applied
Other applied expenses
Increase (•), or decrease. In:
Work-in-process
Finished goods
Other operat ing expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings froaa the U. S. Treasury.
Other
Other major expense Items
Miscellaneous expense
i ,251* ,673
392,608
Total expense
Other gains, or losses (-):
Loans charged off (-}
Other assets charged off (-)
Gain, or loss (•), oq sale of fixed assets
Gain, or loss (-), on sale of other assets
Other
Total other gains , or losses (-)
Het Income, or loss (-), before change in valuation
allcvanoee
-285 ,283
Increase (-), or decrease. In allowances for losses:
Allowance for losses on loans
Allowance for losses on acquired security or
collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
Net Increaa* (-), or decrease, in allowances for
losses
Net income, or loss (-), for the six months
ended December 31> 1956
Charges (-), or credits, applicable to prior years.
Net income, or loss (-), transferred to accxanulated
net Inccoe, or deficit (•)
CBAMGES IH
ACCmULMSD
-NET
mCOME OR DEFICIT
Accumulated net Inccoe, or deficit (-], as of
June 30, 1956
Net Income, or lose (-)
Capital transfers of earnings or profits to the
U. S. Treaeury(-)
Other
Accvmulated net Inccne, or deficit (-), aa of
December 31, 1956
Footnotes at end of Section III
22/
-284. ,531
-28M-,531
Housing and Home Finance Agency
Office of the Adndnlstrator
'
)
:
May
.
,
'
l^f^l
.
Sectlon II
COKPORATIOKS AHD CERTAIN OTHKR BUSINESS-TTPE ACTIVITIES-
Income and Expense for the Six Months Ended December 31, 1956
Table 2," Public Enterprise Funds and Intragovernmental Funds - (Continued)
-
(In thousande of dollare)
Commerce and housing - (Continued)
Other aids to housing
Public enterprise funds
Veterans
Administration
Direct
loans
DICOME AND
Housing and Home Finance Agency
Office of the Administrator
College
loans
Liquidating
programs 28/
9,1+58
1,878
3,616
-27
9,1|64
2,005
7,523
KxpcDse:
mrect coat of goods and serrlcee sold:
Cost of co^BOdltles sold
Materials applied
Wages and aalaries applied
Other appl led expenses
Increase (-), or decrease. In:
Work-ln-proceae
Finished goods
Other operating expenses
Dspreclatlon
Mmlnl strati re expenaes
Grants and contributions
Interest expense:
Interest on borrowings from the U.
Other
Other major expense Items
Mlecellaneous expense
2,109
496
1,101
K36
S.
Treasury
5,387
1,616
635
6
11+0
Total expanse
5,594
Other gains, or losses (-):
Loans charged off (-)
Other assets charged off ( Gain, or loes (-), on sale of fixed aseets
Gain, or loss (-), on eale of other aseets
Other
Total other gains, or loasee (-)
2,252
-39
-2
-1+2
Het Incoae, or loss (-), before change In raluatlon
allowances
3,827
-21+6
Increase (•), or decrease. In allowances for losses:
Allowance for loeees on loans
Allowance for losses on acquired security or
collateral
Allowance for losses on fixed aeeets
Allowance for losses on Inventories
Other
-367
Net increase (-), or decrease, in allowances for
losses
-375
Net incone, or loss (-), for the
ended December 31, 1956
six months
3,827
-331+
Charges (-), or credits, applicable to pricnr years.
Net inccone, or loes (-), transferred to acctanulated
net InccMc, or def icit {-)
CEAHSIS IN ACCIXDLATKD NET INCOME OR
IffiPICIT
AcciBulated net Inccoe, or deficit (-), as of
J\«ie 30, 1956
Net lnc<nne, or loss (-}
Capital transfers of earnings or profits to the
U. S. Treasury (-)
Other
Accianulated net Inccne, or deficit (-), as of
,
I956
Footnotes at end of Section III,
51 ,1+97
3,931+
Total Incone
31
Management
etc. 22/
gPBISI
Inoaae:
SaXee of goods and eerrlcea
Interest
On public debt securities
Other Interest Incooe
Guaranty and Insurance prenlme
Other oajor inccne items
Other Inccne
December
Fed. Natl. Mortgage Assoc.
-19
,911+
126
3.827
-331+
-19,788
51 ,606
50
Treasury Bulletin
.CORPORATIONS AHD CERTAIN OTHER BOSBESS-TYPE ACTIVITIES-
Sectlon
II -
Income and Expense for the Six Months £nded December 31, 1956
Table 2.- Public Enterprise Funds and Intragovernmental Funds
-
(Continued)
(Xn tbousaudB of dollare)
Connnerce and housing - (Continued)
Other aids to business
Other aids to housing - (Continued)!
Public enterprise funds - (Continued)
Federal Home Loan Bank Board JO/
Federal Savings and Loan
Insurance
Corporation
Revolving
fund
General
Services
Administration
&Dall Business Administration
Interior
Department
22/
11/
DICOME AHD glPEWSE
Xncone
Sales of goods and aerrices
Interest
On public debt eecurltlea
Other interest Income
Guaranty and Insurance prealums
Other major inccue Iteos
Other inccne
70l|
3»006
-
13 »054
Total inccme
Szpenae:
Direct coat of goods and eerrices sold:
Cost of ccomoditles sold
Naterlale applied
Wa^es azid salaries applied
Other applied expenses
Increase (•), or decrease. In:
Work-in-process
FlQlshed goods
Other operating expeoaea
Depreciation
AdmlnletratlTe expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S. Treaeiarj.
Other
Other major expense Items
HlscellaneouB expense
Total expense
Other gains, or losses (-):
Loans
Other
Gain,
Gain,
Other
charged off (-)
assets charged off (-)
or loss (-), oo sale of fixed assets
or loss (-), on sale of other aaeete
Total other gains , or losses
Het Income,
allowances
or.
(
-
loss (-), before change in Taluatlon
Increase (-), or decrease. In allovances for losses
Allowance for losses on loans
Allowance for losses on acquired security or
collateral
Allowance for losses on fixed assets
Allowance for losses on Inyentories
ether
Net increase (-), or decrease, in allowances for
losses
Set inccme, or loss (-), for the six months
ended December 31» 1956
Charges (-), or credits, applicable to prior years.
Net inccaae, or loss (-), transferred to accxanulated
net inccme, or deficit (-)
CEAMSES PI ACCWULAJED NET INCOME OR DEFICIT
Accmulated net Income, or deficit (-},
as of
June 30, 1956
Net Income, or loss (-)
Capital transfers of earnings or profits to the
U. S. Treasury (-)
Other
Accmulated net inccme, or deficit {-), as of
December 31, 1956
Footnotes at end of Section III.
8,501+
1
2,381
16 ,061
2,381
715
865
165
89
210
10
1,915
8
110
281^
511
50
51*
268
Revolving
fund
:
i
May
)
.
m?
SI
-CORPORATIONS AND CERTAIN OTHEK BUSINESS-TYPE ACTTVTmS.
Section
Income and Expense for the Six Months Ended December 31, 1956
Table 2,- Public Enterprise Funds and Intragovernmental Funds - (Continued*
II -
(in thousandB of dollars)
Commerce and housing - (Continued)
Other aids to business - (Continued)
Public enterprise funds - (Continued)
Treasury Department, Office of the Secretary
Federal
RaciliUea
Corporation
Reconstruction
Finance
C0IT)0
Corporation
mCOME AMD EEHJISE
Incooke:
Sales of goods and servlcob
Interest
On public debt securities
Other Interest Incaae
Guaranty and Insurance premlvnB.
Other major Inccme Items
Other Income
15 ,374
Total Income
15,591*
2,362
28
Expense:
Direct cost of goods and services sold:
Cost of couBBodltles sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-), or decrease^ in:
Work-in-process
Finished goods
Other operating expenses
Deprec latlon
Administrative expenses
Grants and contributions
,
Interest expense:
Intei^st on borrowings from the U.
Other
Other major expense items
Miscellaneous expense
,
13.168
,
,
,
,
,
1.336
506
866
2l|0
S. Treasiary.
Total expense
286
16^03
Other gains, or losses (-):
Loans charged off (-)
Other assets charged off ( Gain, or loss (-), on sale of fixed assets.
Gain, or loss (-), on sale of other assets.
Other
Total other gains, or losses (-)
Ret income, or loss (-), before change in valuation
allowances
-809
Increase (-), or decrease. In allowances for losses;
Allovance for losses on loans
Allowance for losses on acquired security or
collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
,
Het increase (-), or decrease, in allowances for
losses
iRet Income,
or lose (-), for the six months
ended December 31, I956...
Charges {-), or credits, applicable to prior years.
-809
138
iSet Income, or
loss (-), transferred to accumulated
net Inccme, or deficit (-)
-670
Treasury Bulleth
62
.CORPORATIONS AMD CERTAIN OTHER BUSINESS-TYPE ACTTVITIES-
Section II - Income and Expense for the Six Months £nded December 31, 1956
Table 2,- Public Enterprise Funds and Intragovernmental Funds
(Continued)
-
(In tbauBandfi of dollare)
Conunerce and housing - (Continued)
Regulation of commerce and finance
Other aids to business - (Continued)
Public enterprise funds
-
(Cont.)
Defense production guarantees- (Cont.)
Army
Department
IBC0M8 USD
General Services
Admlni s tra ti on
Intragovernmental fund
Civil
defense j6/
Public enterprise funds
Commerce Dept. Health, Education, Treasxiry Dept.
and Welfare
Working
Department
Office of the
capital fund
Secretary }8/
xi/
BMISE
Xocone:
Sales of goods and aerrlcee
Interoat
On public debt aecurltlea
Other Interest Income
Guaranty and insurance premltns
Other aajor inccne items
Other IncCBs
18
100
116
1,072
6
117
Total Inccoe
Expense:
IHrect cost of goods and aerrlces eold:
Coet of ccoModltles sold
Haterlals applied
Wagee and salaries appllsd
Other applied expenses
Increase i')^ or decrease, In:
Work-ln-procese
Finished goode
Other operating expenses
Deprec lation
Mministratire expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S. Treasury.
Other
Other BAjor expense Items
Miscellaneous expense
116
50
795
61
121
309
178
-3
-3
30
13
6
20
982
79
30
Total expense
Other gains, or losses (-):
Loans charged off (-)
Other assets charged off (-)
Gain, or loss (-), cti sale of fixed assets
Gain, or loss (-), on sale of other assets
Other
Total other gains, or losses (-)
Ret income, or loss (•), before change in valuation
allowances
111*
19
31
Hit
19
31
Increase (-), or decrease, In allowances for losses
Allowance for losses on loans
Allowance for losses on acquired security or
collateral
Allowance for losses on fixed aaaets
Allowance for lessee on Inventories
Other
Net Increase (-), or decrease, in allowances for
losess
Ret income, or loss (-), for the six months
ended December 31, 19^
88
1
Charges (-), or credits, applicable to prior years.
Ret Inccae, or loss (-), transferred to accxsnulated
net inccae, or deficit (-)
31
114
CHARGES IB ACCBMULATED RET IHCOME OB nETICIT
Accxmulated net income, or deficit (-), as of
J«le 30,1956
Ret Income, or loss (-)
Capital transfers of earnings or profits to the
U. S. Treasury (-)
Other
Accimulated net inccae, or deficit (-), as of
December 31, 1956
Footnotes at end of Section III.
It
3,677
,8
1»
251
20
581
82
138
663
169
31
-37
lt,93t
3.791
(Continued on following page J
235
T
Small
Business
Administration
i2/
)
:
)
.
May 1957
S3
.COKPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section II
Income and Expense for the Six Months Ended December 31, 1956
Table 2.- Public Enterprise Funds and Intragovernmental Funds - (Continued)
-
(In thouea&dB of doXXare)
General government
Public enterprise funds
General Services Administration
Accotnt
Public
buildings
W
Lafayette
Building,
Washington, D.C.
w
Interior Department
Treaailry Department
Office of Territories
Loans
Virgin Islands
Corporation
Bureau of Accounts Treasurer of U.S.
Government losses
in shipment
Check forgery
Insurance fund
mOOME AND glHEHSE
I
'
Sales of goods and eerrlces
latere 8 t
On public debt securltlee
Other Interest Income
Guaranty and Insurance prenlunia.
Otber major inccne Items
Other IncoBte
3l<7
3
297
116
Total Inccne
It
66
lEzpense:
Direct cost of goods and services sold:
Cost of ccoBodltles sold
Meterlals applied
Wages and salaries applied
Other applied expenses
Increase (-), or decrease, In:
Work-in-process
Finished goods
Other operating expenses
Depreciation
MalnletratlTe expenses
Orante and contributions
Interest expense:
Interest on borrowings from the U. S, Treasury.
Other
Other OBjor expense Items
Klscellaneous expense
I*
,
96
,
j
'
144
,
25
,
,
52
129
71
72
!U/
37
129
Total expense
620
37
-151+
-36
-15U
-36
}ther gains, or losses (-):
Loans charged off (-)
Other assets charged off ( Gain, or loss {-), on ssle of fixed assets.
Gain, or loss (-), on sale of other assets.
Other
Total other gains , or losses
let Incoae, or loss (ellouanoes
(
-
before change in Taluatlon
295
Cncrease (•), or decrease, in allowances for losses
Allowance for losses on loans
Allowance for losses on acquired security or
collateral
Allowance for losses on fixed sssets
Allowance for losses on inventories
Other
Net increase (-), or decrease. In allowances for
losses
Ket income, or loss (-}, for the six months
ended December 31, 1956
let incone, or loss (-}, transferred to accimulated
net inccae, or deficit (-)
CHiacEs
n
-1
23
Charges (-), or credits, applicable to prior years.
-1514
-36
-562
-75II
-26
-1514
-36
22
AccacnjTig) ket hicome ob DEricrr
Accunulated net Income, or deficit (-), ae of
Jme 30, 1956
Net Income, or lose (-)
Capital tranfifera of earainga or profits to the
U. S. Treaeury (-)
Other
4ccimulatel lijt inccne, or deficit (-), as of
Secembjr 31, I956
Footnotes at end of Section III.
565
295
39
18
-565
-39
-1|20
295
(Continued on following pege)
Treasury Bulleti\
BU-
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIYITTES.
Section II - Income and Expense for the Six Months Ended December 31, 1956
Table 2.- Public Enterprise Funds and Intragovernmental Funds
-
(In thoueandB of dollare)
General government - (Continued)
Intragovernmental fxmds
Civil Service
Commission
Investigations
mCOME AMD KIFEHSE
Incooe:
Sales of goods and eervlcea
Interest:
On public debt eecuritlee
Other Interest Incone
Guaranty and Insurance prealume
Other major Inccne Items
Other Inccne
Total Inccoe
Ezpeoee:
Direct cost of goods and eerrlces acid:
Cost of caoBodlties sold
Haterlale applied
Wages and salaries applied
Other applied expenses
Increase {'), or decrease, in:
Work-in-process
Finished goods
Other operating expenses
Deprec iatlon
AdminletratiTe expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S. Treaeurj.
Other
Other major expense items
Miscellaneous expense
Total expense
Other gains, or losses (-):
Loans charged off (-)
Other assets charged off (-)
Gain, or loss (-), on sale of fixed assets
Gain, or loss (-), on sale of other assets
Other
Total other gains, or losses (-)
Net income, or loss {-), before change in valxiation
allowances
Increase (-}, or decrease, in allovancea for losses
Allowance for losses on loans
Allowance for losses on acquired securlt; or
collateral
Allowance for losses on fixed assets
Allowance for losses on inventorioe
Other
Net increase (-), or decrease, in allowances for
losses
Net income, or lose (-), for the six months
ended December 31, 1956Charges (-), or credits, applicable to prior years.
Net income, or loss (-), transferred to accuaulated
net Inccme, or deficit (•)
CEAHGES IB ACCtMUUgKD HET UCOME OR DEFICIT
Accimulated net income, or deficit (-), as of
J\aie 30, 1956
Net income, or loss (-)
Capital transfers of earnings or profits to the
U. S. Treaeur7(-)
Other
Acc\anulated net IncoBie, or deficit (-), as of
Oecember 31j 19^6
Footnote
at end of Section III.
6,251
6,252
(Continued)
iMay 1957
86
Treasury Bulletiii\
.CORPORATIONS AHD CERTAD? OTHER BDSIKESS-TTEE ACTIVITIES,
Section II - Income and Expense for the Six Months Ended December 31, 1966
Table 3 •- Certain Other Activities
-
(Continued)
(In thousande of dollars)
Agriculture and
agricultural resources
Agriculture Department
Farmers'
Home
Administration
llt.228
13,950
6
Total expense
Other gains, or loesea (-):
Loans charged off (•)
Other asaets charged off (•)
Gain, or loea (-/, on aale of fixed assets
Gain, or loss (-), on aale of other asseta
Other
Total other galna, or loaeee (•)
Het lncc«e, or loas (-), before change In Taloatloa
aUovanoes
Increase (-), or decrease. In allovancee for loesaa
Allovance for losses on loans
Allowance for lossea on acquired security or
collateral
Allovance for loaaes oo fixed asaeta
Allowance for loaaes on Inrentorlea
Other
Ret Increaee (-), or dacreas». In allowancea fcr
908
losses
Net IncoK, en- loss (-), for the six moothe
ended December 31, I956
-8 ,713
Chargea (-), or credits, applicable to irlor yaars.
-1 ,371
Het Inccae, or loas (-), tranafarred to acciBulated
net Inccaa, or deficit (-)
-ia,08l|
ACCWOLATB) HET IHCOIC OR IKnCIT
Accxamlated net Incone, or deficit (-), aa of
J\Mie 30, 1956
Het Income, or lose (-)
Capital tranafers of eamlnge or profits to the
U. S. Treasury (-)
Other
Accmulated net Inooae, or deficit (-), as of
December 31, 1956
Footnotes at end of Section
m.
2k ,676
64
Ik, 292
Expenae:
Direct coat of gooda and serrlcee aold:
Cost of ccnK)ditleB aold
Materials applied
•..,..
,
Wages and aalarlea applied
Other applied expenses
Increase {-), or decrease, in:
Uork-ln-process
Tlniahed goods
Other operating expenses
Depreciation
Administrative expenaea
Grants and contrlbutlona
Interest expenae:
Interest on borrowinge fron. the U. S. Treaaar;.
Other
Other BB Jar expenae Itesa
Mlscellaneotts expense
a
Rural
Electrification
Administration
••
Total incOBS
CBAHOES
Interior Department
Office of the Secretary
Accomt
loccoe:
Sales of gooda aod aerrlces
Interest:
On public debt aecurltlea •.•.•....
Other Interest Incone
Guarantj and InsurazKse premlimB
Other oajor Incone Iteoa
Other lnc<aw
Natural resources
21*
.676
Bonneville
Southeastern
Southwestern Power
Power
Power
Adndni s t ra t i or
Administration Administration
Commerce and housing
Promotion of
krater transportation
Commerce
Department
Maritime
activities
j
May
1957
CORPORAT]
88
Treasury Balletic
.
CORPORiOTOHS AMD CERTAIN OTHER BOSINESS-TTPE ACTIVITIES.
Section II - Income and Expense for the Six Months Ended December 31, 1956
Table 5,- Certain Trust Revolving Funds
(in thouoaadB of dollare)
General Services
Administration
Service
Comndssion
Ci'.-il
Total
aCCIg AMD BPMKK
Xoccw:
•
59
8,789
.••••••••.•••.
Total Incoae
Expense:
X>lrect coct of goods and serrleae •old:
Coet of coHBodltles sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (*), or decrease. In:
Work-in -process
Finished goods
Other operating expenses
Depreclaticn
AdMlnlstratlre expenses
Grants and cootrlbutlane
Interest expense:
Interest on barrovlnga trrm the U. S. Treasnr?.
Other
Other aajar expense Iteas
•.*.•
Mlscellaneooa expanse
Total expense
Other gaina, or losses (-):
Loans charged off (-)
Other assets charged off (-)
Gain, or loss (-), on sale of flxsd assets
Geln, or loss (-), on sale of other assets
Other
Total other gains, or losses (-)
let Incoae, or loas (-), before chsn^e in Talintlao
allovanees
Increase (-), or decrease. In allowanoes for losses
Allcwance for losses on loons
Allomnce for losses on acqnlred secorlty or
collateral
Allowance for losses on fixed assets
Allowance for losses oc Inreotorles
Other
let Increase (-), or decreaae, in allowancas foloesee
let Incoae, or lose (-), far the six aonths
ended Oeceober 31, 1956
Charges (-), or credits, applicable to jrlor years.
let Incoae, or loss (-}, transferred to acciaulated
net Incoae, or deficit (-)
CBMDBS
II ACCTHnUffED
IP OCOK
OR
I^CIT
Acctamlated net Incoae, or deficit (-}, as of
Jme
30, 1?56
let IncoM, or loss (-)
Capital transfers of earnings or profits to the
U. S. Treasury (-).
Other
Acc\Kulated net lnc<Ke, or deficit (-), as of
:*CfliBber 31,
1956
Footnotes at end of Section III.
Defense
Department
Federal Ifatlonal Mortgage
)ji^/
life
insurance
fund
Sales of goods aoid aerrleea
lBt«Teet:
On public debt B«ciirltle8
Other Intereat Incoae
Guaranty »mri insurance presliBB*
Other aajar incoBs Itaas
Other IncQBB
Housing and
Home Finance
Agency
Franklin D.
Roosevelt
Library
fund
National
Archives
trust
fund
Army
Department
Association
Secondary
market
oi>e rations
United SUtes
Soldiers'
Home revolving fund
Treasury
Department
United
States
Coast Guard
Commuted
ration
mess fund
W
May
mr
Treasury Bullet
90
.CQRFQRiKnKSS AHD CXREAIH OIHER BOSIHBSS-TraS JM^TIVrnXS.
Section III - Source and Application of Funds for the Six Months Ended Decenber 31* 1956
Table 2.- Public ^iterprlse Funds and Intragovernmental Funds
(In thooModB of dollars)
Ifcjor national security
Public enterprise fxinds
Total
Defense production expansion
1/
Export- Ifl^wrt
Bank of
Washington
yqnis appijb) to opgujioss
Acqnlaltiaa of aoeeta:
Loana aade
Cost of security or eollater&l aoqolred
Parduue, ouufltructlon, cr laiuuifunt of fixed
assets
Fiffchase of securities other than pabllc debt and
issxiea of ^ollj cmed CcreriBent enterprises.,.
Othor
Total rcqnlsitlGD of assets.....
bpsBses (exoludlag depreciation)
Increase in selected varying capital
Totsl finds applied to operations
TCMBB
PBOmgD
•
OHBgIMB
BT
Bsalltation of assets:
Beps/aent of loans
Sale of acquired seourltj <xr coUeteral
Sale of fl^ed aseeta
Sale of s«oarltles other than pabllc debt and
IssoBs of vholl/ ouoad Goremaent snt«rirlses...
capital stock issued to the pobllc
.•.••
Other
Total reallEaticn of assets
Iitt<^
Dscreass in ssleotsd voridng capital....
Total fmds prorldsd b7 operations...
let sffsct of operatioDs on e^pendltisws (excess
of rmds applied, or prorided (-))
Fane pmuviubd
bt
ypuuciMt
lacivaas In inrestaent of the 0. S. GoremaBnt:
Apirojriat 1 ons enacted
BoBToylJaga fron the tl. 3. Trsasmr
Cental and surplus adrancee trtm ths U. S.
bessm7>«*«*> •.••••«•-•••••••>••••••••••
Other
Total Increase in Inreetaent of the U. S.
GoTsnHent ..•........••••.•.•..•...•.•••.•
Increase in other borrowings
Ppcrease in Inreetasnts
Decrease in selected cash and find balanoes
Total foods prorided bj financing
race
APPLiH) TO
rnAKiMS
Xkecrease in Inresteent of the U. S.
Gorenasnt:
Appropriations lapsed, reecinded, or transferred.
Bspayent of borroirli^s froa the U. S. Treasury..
Dspsyent of capital and eurploa adTanoes trxm
the n. S. Treasury
Distribution of earnings to the U. S. Treasury...
Gooeral and special fud reTsnnss deposited
Other
Total decrease In Inrestaent of the U. 8.
Goran^KBt .........•.........•.•.••.•.••••.•
Decrease in borrcwings frca the public
Increaae in liii iiiitmiiit ii
Increase In selected cash and fwd balances
Total fmds ^>plled to financing
let effect of financing (excess of
(-), cr prorided)
Footnotes at end of this Section.
fmds applied
3,234,069
128,678
128,1^79
25U
27,067
General
Services
Administration
Agriculture
Department
Interior
Department 2/
May
mi
91
.CORPQIUKFIOaS tXD CERTAIN OISSR BDBIHBSS-TXnE ilCTIVrFIES.
Section III - Source and Application of Funds for the Six Monthe Ended December 31, 1966
Table 2.- Public Enterprise Funds and Intragovernmental Funds - (Continued)
Treasurij Bulletin
92
.CQRFaRAnoaS AKD CERTAIH other BDSIHBSS-TTPE
ilLTiVlTilSa.
Source and Application of Funds for the Six Months ^ded December 31, 1956
Table 2.- Public Enterprise Funds and Intragovemmental Funds - (Continued)
Section III
-
May 1957
93
-CORPORATIONS AND CERTAIN OTHER BDSIHESS-TYEE ACTIVITIES- Source and Application of Funds for the Six Months Ended December 31, 1956
Table 2.- Public Enterprise Funds and Intragovernmental Funds - (Continued)
Section III
(In thoueejade of dollars)
Labor and welfare
Public enterprise funds
HEW Dept.
Labor Dept.
Intragovermnental funds
Commerce Dept.
Health, Education, and Welfare Department
Justice Dept.
Public Health Service
Public
Health
Service £/
Bureau
of
Emplo;,Tiient
Security 10/
ytKDS APPLIED TO OFERATIOHS
I
Acquisition of assets:
••••.>...•...
Loans made ...... .....•
Cost of security or collateral acquired
Purchase, construction, or improrement of fixed
assets
Purchase of securities other than puhllc debt and
Issues of whollj owned Goremment enterprises...
Other
I
1
I
Total acquisition of assets
Expenses (excluding depreciation)
Increase In selected working capital
I
Ijlotal funds
applied to operations
2,260
61
2,321
FUWDS PROVIPED BY OPERATIOHS
I
•Feallzatlon of assets:
Repayment of loans
Sale of acquired security or collateral
Sale of fixed assets
Sale of securities other than public debt and
Issues of wholly owned Goremfflent enterprises...
Capital stock Issued to the public
Other
I
Total realization of assets
{Income
,
Decrease In selected working capital
Total funds provided by operations
,
operations on expenditures (excess
of funds applied, or provided (-))
iBet effect of
nWDS PROVIDKD
BY FIMASCIIC
j
Inveetment of the U. S. Goremnent:
Apprcprlatlcns enacted
BorrowlngB from the U. S. Treasury
Capital and surplus advances frcm the U. S.
Treasinr
Other
'llncrease In
I
'
I
Total Increase In laveetnent of the U. S.
GoTemment
other borrowings
Decrease In Intreatmente
'Decrease in selected cash and fund balances
JLlncrease In
ilTotal
funds provided by financing
mWDS
,
APPLIED TO rUAIICIBG
Decrease In inveetment of the U, S, Government:
Appropriations lapsed, roeclnded, or tranaferred.
Repayment of borrowljigs from the U, 3. Treasury..
Repayment of capital and surplus advances froo
the U. S. Treasury
Distribution of earnings to the U. S. Treasury...
General and special fund revenues deposited
Other
Total decrease in Investment of the U. S.
Government
jDecreaee In borrowings frcn the public
jlncrease In investments
ilncre&ee in selected cash and fund balances
'
I
Cot&l funds applied to financing
net effect of financing (excess of funds applied
,,(-), or proTlded)
2
National
Bureau of
Standards
Service and
supply fund
Narcotic
hospitals 11/
Other 12/
Federal
Prison
Industries,
Inc.
Treasury Bulleti
9K
.CORPORAnOIIS AHD CKRTAI]? OTHER BOSUlESS-TrPE ACriVlTUfiS-
Sectlon III - Source and Application of Funds for the Six Ntonthe Ended December 31, 1956
Table 2.- Public Enterprise Funds and Intragovernmental Funds - (Continued)
(In thoaaande of dollars }
Agriculture and agricultural resources
Public enterprise funds
Farm Credit Administration
Acooiait
Federal
Farm
Mortgage
Corporation
Federal
intermediate
credit
banks
FOIDS APFLDSD TO OPgMtriOHS
Acquisition of aasete:
Loans inad«
Coat of securltj or collateral acquired
Purchase, construction, or laproreaent of fixed
aseete
Purchase of securities other than public debt and
Issues of vholl7 ovned Goreranent enterprises...
Other
1,077,528
1,077,528
Total acquisition of assets
Xzpenoee (ezcludli^ depreciation)
Increase In selected working capital
21
3
1,081
Total funds applied to operations
2\\
1 »093 ,705
15 ,095
raros Fwjviigp bt oPKR/gioBS
Bealliatlon of assets:
BspaTBont of loans
Sale of acquired eecurlty or collateral
Sale of fixed assets
Sale of securities other than public debt and
Issues of vholl7 owned GoremBent enterprises...
Capital stock Issued to the public
other
l,228,6lj.8
1
Total realization of assets
Inccne
....•
Decrease In selected working capital
279
Total fmda proTlded by operations
>et effect of operations on expenditures (excess
of fuids applied, at pi'orlded (-))
rWDS PBOTIDH)
-25U
BT riHABCIBS
Incroaae in inTeetaent of the U. S. Goreroaent:
Appro prlatlcDS enacted
Bcrrovu^s fron the TT. S. Treasury
Capital and surplus adrances froa the U. S.
Treasury
other
Total Increase in InTestaent of the U. S.
GoTemaeot
Increase in other barrovings
Decrease In inrestaente
Decrease in selected cash and
fixid
balances
Total funds prorlded by financing
1 .7-6
1,756
FOIDS APPLIZD TO FIHAIICIIC
Decrease in InToetment of the U. S. Goremment:
Appropriations lapsed, rescinded, or transferred.
Repayaent of borrowings from the 0. 3. Treasury..
Repayaent of capital and surplus adranoes fron
the tr. S. Treasury
Distribution of earnings to the U. S. Trsasury...
General and special find rerenues deposited
other
Total decrease in investaent of the U. S.
Gorenasnt
Decrease in borrowings frcn the public
Increase in Inreetasnts
Increase in selected cash and fund balances
Total
ftBids
applied to financing
Het effect of financing (ezceas of finds applied
( - , or prorlded )
)
2,000
10
2,010
-254
.
May
.
m7
95
.CORPORianOHS AND CERTAIN OTHER BDSINESS-TTPB ACTIVITIES-
Section III - Source and Application of Funds for the Six Months Ended December 31, 1956
Table 2«- Public Enterprise Funds and Intragovernmental Funds - (Continued)
(In thousBJOdB of doUara)
Agriculture and agricultural resources
Public enterprise fund3-(Conti
Agriculture Department
Federal Crop
Insurance
Corporation
Disaster
loans, etc
revolving
fund
pmDs APPUBP TO opztmioirs
I
Acquisition of aaeete:
I/wnfi made
Cost of eecurltj or collat«ral acquired
Purchase, conatruction, or improTsment of fixed
aasete
Furchaaa of eecuritlea other than public debt and
Issues of vhollj^ owned Goremaeat enterprlaes. .
Other
•
i
I!
i
J
j
Total arqulsitlcsi of asaets
Expenses (excluding depreciation)
Increase in selected vorlclng capital
1
18 ,520
1-1,751
18,527
15,793
.731
31,320
Total funds applied to operations
I
rang PBOTHgP
by OPgRATIOHS
fealltation of assets:
Kepa^nent of loans
Sale of acqxilred securltj or collateral
sale of fixed assets
Sale of securities othar than public debt and
iasues of wholly ovned GoreroBsnt enterprises...
Capital stock Issued to the public
Other
\
'
62 ,295
2
Total realisation of assets
62 ,305
22
ilsccne
Decrease in selected working capital
ITotal finds prorlded bj operations
effect of operations on expenditures (excess
of funds applied, or provided (-))
,1*85
1,597
2,321
21t,8at
64,377
8,927
-30,057
iVet
FtBDS PBOTIDgP BY fTBABCIBS
j
'llnerease in InTestaent of the U. S.
>{<
;
Goremaent:
Approprlationa enacted
Borrovines fl*offl the U. S, Treasury
Capital and surplus adrances tram the U. S.
Treaaury
Other
Total increaae In InTestaent of the U. S.
GoTeroaent
Ilocreaee In other borrowli^s
lIDecreaae in Inrestaente
iDecrease In selected cash and find balances
6,210
13 ,000
1
19,211
I
,
l||Cotal
funds prorided by financing
19,211
rOHDS APPLIED TO FIHAIICIIC
I
,
Decrease in inveet^nt of the D. S. Gcremnent^
Appropriations lapsed, rescinded, or transferred,
Repayaent of borrowings frcm the U. S. Treasury..
Bepayaent of capital and surplue advances fron
the U. S. Treasury
Distribution of earnings to the U. S. Treasury* ••
General and special ftsid rerenoes deposited
Other
Total decrease in inrestaent of the U. S.
Gorexnaent
Decreaae In borrowings frcn the public
jlncreaae In InrestBcnts
Ilncreaae in selected cash and fund balances
I
I
(Total ftnds
applied to financing
Set effect of financing (excess of fiatda applied
(-), or paroTlded)
i'
'
Footnotes at sol of thla Section.
10 ,281t
10 ,281»
8,927
10,057
-
(Continued)
Natural resources
Intragovernmental funds
Agricultural
Research
Service 11/
-
(Continued)
Working
capital
fund
Public enterprise funds
Interior Department
Forest
Service 11/
Bureau of
Commercial
Fisheries 1^/
Bureau of
Indian Affairs
96
May 1957
Treasury Bulletin
98
.CORPOIUtTIQBS AICD CSRTAIH OCHER BDSIlCBSS-TrPE ACTiViTiBB.
Section III - Source and Application of Funds for the Six Months Ended December 31, 1966
Table 2.- Public Enterprise Fimds and Intragovernmental Funds - (Continued)
(In thooaande of dollsre)
May
1957
Treasury Bulletin
100
.CORPORATIONS AND CKRTAIN OTHER BOSINESS-TYPE ACTI7ITIES-
Section III - Source and Application of Funds for the Six Months Ended December 31, 1956
Table 2.- Public Enterprise Funds and Intragovernmental Funds - (Continued)
(In thoueazids of dollarB)
Commerce and housing - (Continued)
Other aids to housing - (Continued)
Other aids to business
Public enterprise funds - (Continued)
Federal Home Loan Bank Board
Federal Savings and Loan
Insurance
Corporation
ymDS APFUH) TO
Revolving
fund
Small Business Administratior
HOLC
(liquidated)
General
Services
Administration il/
i2/
1+0,983
2,955
587
Total acquisition of assets
Expenses (excluding depreciation]
Increase in selected working capit&l
10
1+*
Total funds applied to operations
5*
20
3,51+3
1+0,989
1,237
115
8,025
3,923
23
2,1+56
1,372
11,567
1+7.328
2,1+25
2.1+16
omutnoss
Beallzation of assets:
Bepaynent of loans
Sale of acquired security or collateral
Sale of fixed assets
Sale of securities other than public debt and
issues of wholly owned Gorenment enter3n'i8ea...
Capital stock iesued to the public
Other
8,891+
115
32
Total realization of assets
Incoae. ...........................................
Decrease in eelected working capital
115
16 ,061
Total fmde proTided by operations
17,636
Ret effect of operations on expenditures (excess
of finds applied, or provided (-))
9.060
32
2,381
752
8,501+
1,516
783
10,020
589
1.51+7
21
589
1,51+7
21
589
1,51+7
589
1,51+7
2,381
-17,132
yarps pbotidkd si miAiiciic
Increase in investaent of the U. S. Goremnent:
Appropriations enacted
Borrowings from the tj. S. Treasury
Capital and surplus adrancee from the U. S.
Treasury
Other
Total increase in Investaent of the U. S.
GoTemnent
Increase in other borrowii^s
Decrease in Inveetoente
Decrease In selected cash and
Revolving
fund
OFEBATIOIIS
Acqulaltlon of assets:
T^Mna Bade
Cost of security .>r collateral acquired
Purchase, construction, or laprovement of fixed
assets
Purchase of securities other than public deht and
Isexiea of wholly owned GorensBent enterprises...
Other
Faroe pbotubii bt
Interior
Department
fvsul
75
balances
Total funds prorlded by financing
naiDS APfLIE) TO mlAIICIlC
Decrease In Inveetaient of the U. S. CoTemment:
Appropriations lapsed, rescinded, or transferred.
Bepaynent of borrowings from the U. S. Treasury..
Bepaynent of capital and surplus advances fron
the U. S. Treasury
Distribution of eamii^s to the tT. S. Treasury...
General and special fiAd revenues deposited
Other
13 ,876
1,320
Total decrease in investaent of the U. S.
15,196
Gorenment
Decrease in borrowings frcB the public
Increase in inveetaents
Increase in selected cash and fund balances
17,132
Total funds applied to financing
Het effect of financing (excess of
(*), or provided)
1,000
936
ftnids
applied
-17,132
2
Ml
May 1957
101
.CORPOR/inOJtS AHD CKRTAIII OTHBS BDSIMESS-TTEE ACTIVITIES.
Section III - Source and Application of Funds for the Six Months Ended December 31, 1956
Table 2.- Public Enterprise Funds and Intragovernmental Funds - (Continued)
(In thoueands of dollara)
Treasury Bullethi
102
.CORPOEAnOHS AHD CKRTAIH
CfTOSR BDSIHBSS-TIPE
fCUTmSS.
- Source and Application of Funds for the Six Months Ended December 31, 1966
Table 2.- Public Enterprise Funds and Intragovernmental Funds - (Continued)
Section III
(In tbousande of dollara)
.
May
mi
103
-CORPORATIOHS AND CKRTAIN OTHER BOSIHESS-TTFE ACTIVITIES.
Section III
- Source and Application of Funds for the Six Months Ended December
31, 1956
Table 2.- Public Enterprise Funds and Intragovernmental Funds - (Continued)
(In tfaouesnds of dollara)
General government
Public enterprise funds
General Services Administration
Aecoiat
Public
buildings
Interior Department
Treasury Department
Office of Territories
Bureau of Accts. Treasurer of U.S.
Lafayette Bldg.
Was>vington, D
.
C.
Loans
Virgin Islands
Corporation
Government losses
in shipment
Check forgery
insurance fund
yqiDS APPijB) TO opgRJicriows
'Acquisition of aaeete:
Loans nade
Cost of eocurlty or collat«ral acquired.,
Purchase, construction, or Inproreaent of fixed
!
193
assets
Purchase of securities other than puhllc debt and
issues of vhollj ovned GorertBient enterprises...
Other
329
Total acquisition of assets
lExpenses (excluding depreciation)
llnoreaee In selected working capital
36
Total funds applied to operations
37
nUDS PROTngP BY
522
553
2
26
1.07l^
Soalitatlon of assets:
Repojaent of loans
Sale of acquired seouritj or collateral
Sale of fixed assets
Sale of securities other than public debt and
issues of vhollj ovned GoreniBent enterprises.
Capital stock Isei^ to the public
Other
W
Total realUation of assets
5
ilQCGne
(Decrease In selected vorkijog capital.
rotal fuads proTided by operation^,
297
1*
26
M.66
1+31;
t
fot effect of operations on expeoditurea (excess
of fmds applied, or provided (-))
'
rons
26
OPETUtriOHS
-260
-16
68
905
-68
169
26
PBOVIDKD BY FIHAgCDD
Increase in iiiTestaent of the U. S. OoTemaent:
Approprlaticos enacted
BorrowingB from the U. S. Treasury
Capital and surplus adrances froa the U. S.
Tree sury
Other
1*25
Total Increase In InTestaent of the U. S.
GoTenment
,
'otal funds
prorided by financing.
nans afpubd to
1+25
,
Increase in other borroirings
decrease in inrestments
Decrease in selected cash and ftsd balances.
25
305
23
305
23
565
39
565
39
68
256
565
39
68
256
-260
-Ifc
-68
169
1+25
25
rnmcnc
Jecreaee In InTeetaent of the 0. S.
GoremBent:
Appropriations lapsed, rescinded, or transferred.
Pepay»ent of bonrovings from the tJ, S. Treasury..
Bepaynent of capital and surplus adTazkces fron
the U. S. Treasury
Distribution of earnings to the U. S. Treasury...
General and special find revenues deposited
Other
Total decrease in inrestaent of the U. S.
GoTenaent
decrease in borrovings fr<M the public
Increase in icrestaents
.ncrease in selected cash and fund balances.
'otal
fmds applied to financing
effect of financing (excess of
(-), or prorided)
let
Footnotes at end of this Section.
fmds applied
(Continued on folloviog page)
25
Treasury BuUetiii
104
.CORFOR/KnOHS AND CEREAIR OTHER BOSSIESS-TYFE
tenrmSS.
Section III - Source and Application of Funds for the Six Months Bnded December 31, 1956
Table 2.- Public Enterprise Funds and Intragovernmental Funds - (Continued)
(In tfaouBande of dollars)
May 195/
Treasury Bulletin
106
.CORKJRAnOlK AMD CERTAIH
OTHFER BOSUCESS-TrPE
ACnVmES.
Section III - Source and Application of Funds for the Six Months fiided December 31, 1056
Table 3.- Certain Other Activities - (Continued)
(In thoosaads of dollars)
May
mr
f^"FPOT?ATTOW ANT CKRTftlN
rm
108
.
May 1957
109
.COKPOEATIONS AKD CERTAIN OTHER BOSIKESS-TrPE ACi' lVlT IKS.
Footnotes to Sections II and III
y
10/
12/
la/
12/
20/
20/
22/
26/
22/
28/
Statements of Income and expense and of source and application of
funds are not yet included for certain activities for which statements of financial condition have been published in Section I.
Defense Minerals Exploration Administration.
Represents the foreign investment guaranty fund which consists of
activities in connection with the industrial guaranties formerly
included in the fund known as "Discharge of investment gxmranty
liabilities" (see footnote l|).
Represents the informational media guaranty fund. In accordance
with Public Law 726, approved July 18, 1956, all aaeeta, liabilities,
income, expjenses, and charges of whatever kind pertaining to
informational media guaranties formerly included in the fund known as
"Discharge of investment guaranty liabilities," which was operated
as part of the mutual security program, have been transferred to the
new fund.
Administrative expenses, foreign aid procurements.
Rental, maintenance, and repair of quarters.
Soldiers' and sailors' civil relief,
Service-disabled veterans' insurance fund.
Operation of commissaries, narcotic hospitals,
Farm labor supply rerolvlng fujid.
Working capital fund,
Office of the Secretary, working capital fund,
Parm tenant mortgage insurance fund,
Includes $1,188 thousand interest expense on capital stock.
Fisheries loan fund,
Dpper Colorado River Basin fund, shown under this heading on page
71 of the April Bulletin did not have any income or expense during
the first six months of the fiscal year 1957.
Continuing fund for emergency ejcpenses, Fort Peck project, Montana.
Development and operation of heliiam properties, Bureau of Mines.
Corps of Engineers revolving fujid.
Interest and administrative expenses during the construction period
are capitalized,
Represents net income of $26,615 thousand from power operations,
and net loss of $1+ ,844 thousand from nonincome-producing programs
during the first six months of the fiscal year 1957.
Maritime activities revolving fund.
Figures in this column are shown on a tentative basis.
Represents interest on the net direct investment of the Government
in the Corporation (see footnote 23).
Figures are as of January 11, 1957,
Community disposal operations fund,
The operating deficit as of June 30, 1956, has been combined with
other items representing equity of the United States Government,
and is included with the net investment at the beginning of the
fiscal year 1957.
Revolving fund.
Management and liquidating functions.
HOLC (liquidated), shown under this heading on page 74 of the
April Bulletin did not have any income or expense during the
first six months of the fiscal year 1957,
jl/ Abaca fiber program.
32/ Office of Territories, Alaska Railroad revolving fund.
jj/ Represents interest on funds advanced to the Administration by
appropriations.
gtj./
The net income has been transferred to deferred and undistributed
credits.
This Corporation ia in liquidation.
j6/ Federal Civil Defense Administration, civil defense procurement
fund, shown under this heading on page 76 of the April Bulletin
did not have any net income or expense during the first six
months of the fiscal year 1957.
37/ Social Security Administration, Bureau of Federal Credit Unions,
operating fund.
^8/ Civil defense loan program.
39/ Liquidation of Reconstruction Finance Corporation disaster loans.
1^.0/
Costa of maintenance, repair, etc, of improvements, public
buildings.
\\/ Maintenance, etc., Lafayette Building, Washington, D.C., public
buildings.
UJg/
Trust Territory of the Pacific Islands, loans to private trading
enterprises.
If^/ Represents interest on advances from appropriations and on paidin capital.
U4/ Statements of income and expense and of source and application
of funds are not yet included for certain activities for which
statements of financial condition have been published in Section
Certain other activities are included in this Section only on
I.
a fiscal year basis at the present time,
If^/ Gi^aranteed loans (World War II),
46/ Office of Education, loans to students (in liquidation).
U?/ General Services Administration, Public Works Administration (in
liquidation)
14-8/
Effective July 1, 1956, the net noncash assets of this fund were
transferred on a reimbursable basis to the United States Coast
Guard supply fund.
\^i Commerce Department, shown under this heading on page 75 of the
April Bulletin did not have any funds applied or provided d\iring
the first six months of the fiscal year 1957.
50/ Civil defense procurement fund.
gl/ Excludes transactions covering foreign currency loans which are
shown on the statement of financial condition.
*
Less than $500.
22/
30/
^/
r
uo
Treasury Bullet iti^
.CUMULATIVE TABLE OF CONTENTS.
June 1956 through May 1957
leeua and page nunber
1956
June
Jxily
Aug.
Sept.
1957
Oct.
Hot.
Dec
Reporting baaee
Artlclee:
Treasury financing operations.
Summary of Federal fiscal operations .
Budget receipts and expenditures:
Receipts by principal sources.
Expenditures by saajor functions
Expenditures for major national security
Expenditures by agencies
Expenditures by functions, fiscal years 1953 to date.
Trust account and other transactions:
Sumnary of trust account and other transactions
Trust account receipts
Trust and deposit fluid account expenditures
Net InTestmsnt by Government agencies In public debt securities...
Net redemption or aalo of obligations of Government agencies In
the market
Federal Old -Age and Survlvore Insurance Trust Fxmd
Unemployment Trust Fund
Railroad Retirement Account
National Service Life Insurance Fund
Investments of specified trust accounts In public debt securities,
by Issues (latest date March 31, 1957}
Cash Income and outgo:
Siamnary of Federal Government cash transactions vltb the public
.
. .
SuBmary of cash transactions through Treasurer's account
Derivation of Federal receipts from the public, and reconciliation
to cash deposits In Treasurer's acco\At
Derivation of Federal payments to the public, and reconciliation
to cash withdravals from Treasurer's account
Intragovemmental transactions
Accrued Interest and other noncaah expend Itures
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account....
10
10
10
10
U
15
15
11
11
11
11
15
15
16
11
11
16
11
u
12
12
12
12
16
17
17
13
13
18
15
15
16
16
17
18
15
15
16
20
20
21
21
22
19
19
21)
20
22
20
22
25
27
21
23
21
23
25
27
21
21
23
23
23
23
23
28
21.
2U
28
2lt
21l
21>
25
25
30
26
26
30
26
26
26
26
26
31
27
27
31
27
27
27
28
28
29
28
28
29
33
33
29
29
30
29
29
33
33
30
3'»
29
29
30
29
29
30
29
29
30
31
31
36
37
38
32
32
36
32
32
32
12
13
13
16
17
17
12
13
13
18
111
Debt outstanding and Treasurer' e ace ount
Suflaary of Federal securities
Interest-bearing public debt
Special Issues to U. S. Government Investment accounts
Computed Interest charge and rate on Federal securities
Treasin*y holdings of securities iseuad by Government agencies.
Statxis of the accomt of the Treasurer of the United States...
Statutory debt limitation
16
17
18
23
20
20
21
21
22
16
16
17
17
18
19
16
16
17
17
18
19
23
21t
21t
Debt operations:
Maturity schedule of interest-bearing public marketable securities
issued by the U. S. Government
Offerings of Treasury bills
Offerings of marketable Issues of Treasury bonds, notes, and
certificates of Indebtedness
Allotments by Investor classee on subscriptions for marketable
issues of Treasury ^nds, notes, and certificates of Indebtedness.
Disposition of matured marketable issues of Treasury bends, notes,
and cartificatas of indebtedness
21
United States savings bonds:
Ctmulatlve sales axMl redemptions by series
Sales and redemptions by perlode, all series combined
Sales and redemptions by periods. Series E through E
Redemptions of matured and immatured bonds
Sales and redemptions by denominations, Seriea E and B combined.
Sales by States, Series E end H ccnbined
<
31*
Treasury savings notes:
Ct^nilatlve sales and redemptions by series
Sales and redemptions by periods, all seriea combined
32
32
32
32
(Continued on following page]
39
39
37
May 1957
111
.CUMOLATIVE TABI£ OF CONTENTS.
June 1956 through May 1957 (Continued)
Issue and page number
1956
July
Aug.
Sept.
1957
Oct.
Sov.
Dec
Apr.
Ownership of Federal securities:
Dletrlbutlon by claoses of Inveatora and types of Issues
Ret market purchases or sales for Inrestznent accoimts handled by
the Treasury
Estljiiated ownership. .,
,
UO
33
33
39
33
ItO
33
33
33
39
33
3".
Ul
3lt
31.
31.
1.0
3"*
33
3U
35
35
Ul
35
35
33
33
33
33
Treasury survey of ownership of Federal eecurltlee:
Ovnerahlp by banks. Insurance cdopanles, and others
Ovnerahlp by ccannerclal banks classified by menberehlp In Federal
Reserve ^stem (latest date December 31, 195^)
35
35
U2
35
35
UO
39
,
39
Market quotations;
Snd -of -month closing quotations on Treasury secitrltles by Issuss...,
Chart - yields of Treasury securities
39
I16
".3
39
1*1
l>8
Its
1.1
U2
U9
50
U6
1.2
1.2
''7
1.3
51
U8
39
Ul
U5
U7
U3
U5
39
Ul
1.3
U8
U9
U6
U7
ua
U3
U8
U9
50
51
39
1.1
Average yields of long-term bonds:
Average yields of Treasury and corporate bonds by periods
Chart - Average yields of Treasury and corporate boods
,
"•3
Internal revenue collections:
Stmnary by principal sources
Chart - Internal, revenue collections by principal sources
,,,
Detail of collections by type of tax
Detail of specified excise tax collections reported quarterly......
,
•5
U6
52
53
"•7
1.9
1.5
1.5
50
51
50
51
1.6
1.6
52
53
5U
5U
52
53
53
55
56
5U
1.7
uu
"•5
U6
Monetary statletlce:
Honey In circulation
Monetary stocks of gold and silver
,
Gold assets and liabilities of the Treasury
CCEipanents of silver monetary stock.
.......<
Seigniorage an silver
Increment free reduction in weight of gold dollar (latest date
March 31, 1957)
,
,
5''
1.9
55
55
56
57
1.9
50
51
52
53
53
5''
55
'.7
1.8
1.7
1.8
1.9
1.8
1.8
1.9
1.8
50
51
1.9
U9
50
50
57
56
58
59
57
58
55
U7
U8
U8
U9
50
Exchange Stabilization Fund (latest date December 31. I956)
Balance sheet
InccDe and expense. ..•.....•...•...•.•.•...••....•..........•...
...<
National bank reports:
Earnings, expenses, and dividends for calendar years 1953-55
51
Japltal movements between the United States and foreign
countries:
Sismoary by periods since 193^.****>*
•••
••
Summary by countries and periods..............
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month..
Purchases and sales of long-term oecurities by foreigners,
....<
latest month
Short-term Habllities wnH claims repoi^^ed by nonfinanclal concerns.
Long-tenn liabilities and claims reported by banks and bankers
Estimated gold and short-term dollar resources of foreign countries
and international institutions
Foreign credit and debit balances in brokerage accounts
Short-term liabilities, countries and areas not regularly reported..
'
<
,
52
52
60
55
59
55
59
60
63
60
61
61
62
67
68
69
56
59
63
61.
65
51
52
51
5I'
55
59
51.
58
59
60
61
60
61
58
59
60
61
59
62
66
67
68
56
59
63
6U
65
'62
'66
'62
'66
63
67
68
63
67
68
51
5U
58
59
60
61
62
Corporations and certain other business-type activities:
Statements of financial condition, and loans by type (latest date
December 31, 1956)
Inccme and expense (latest date December 31, 1956)
source and application of fimds (latest date December 31, I956)....
71
70
65
6U
63
83
GPO 426156
(lof^
Treas.
U.S. Treasury Dept.
HJ
10
.A2
1957
C.2
I
Treasury Bulletin
I
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