Full text of Treasury Bulletin : May 1959
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TREASURY DEPAK aiENT
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JUL2 1i960
TREASURY OEh..n.£nT
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May
1959
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
g
Cash Income and outgo
l6
Account of the Treasurer of the United States
22
Debt outstanding
2^
Statutory debt limitation
2g
Debt operations
29
United States savings bonds
^3
Ownership of Federal securities
4-g
Treasury survey of ownership of Federal
securities
5^
Market quotations on Treasury securities
5^
Average yields of long-term bonds
57
Internal revenue collections
59
Monetary statistics
62
Exchange Stabilization Fund
65
Capital movements
67
Corporations and certain other business-type
activities - Income and expense, and source
and application of funds
7^
Cumulative table of contents
119
Note: Where calculations have been made from unrounded
figures, the details may not check to the totals
shown.
Treasury Bulletin
II
Reporting Bases
t>ata on receipts,
expenditures, and debt which appear In the
The dally statement on the new basis was first Issued for
In the deposits and withdrawals as shown, no
195**.
"TPtfaeury Bulletin" are based largely on two Treasury financial
February I7,
reports, the "Dally Statement of the United States Treasury" and
the "Monthly Statement of Receipts and Expenditures of the
distinction is made as to the type of accounts (budget, trust,
etc. ).
The deposits are on the basis of certificates of deposit
Certain monetary statistics are based
cleared through the account of the Treasurer of the United States.
Total withdrawals are on the basis of checks paid or cash dlsbursexente made out of the Treasurer's account. Some of the
United States Government."
at least In part on the "Circulation Statement of United States
Money."
Where these etatcaents are given
dividual tables, they are cited by name only.
reporting bases are described below.
as
sources for In-
Their respective
For other data In the
Bulletin, infoniiatlon on sources or reporting bases Is given In
connection with the tables themselves.
The monthly statement of receipts and expenditures was first
published for February
195**,
and replaced the dally statement as
the primary source of information on budget results and other
receipt and expenditure data classified by type of account.
At the same time,
withdrawal classifications shown are reported on the basis of
mailed reports of checis Issued and are adjusted by oeans of
Except for
clearing accounts to the total of checks paid.
relat Ively iclnor amounts, noncash interfund and other Intragovemmental transactions are excluded. The public debt figures
in the dally statement also are on a "clearance" basis, with the
exception of those issuance and retirement transactions reported
on the basis of telegrams from Federal Reserve Banks. Noncash
debt transactions are included, however.
the dally statement was changed to a statement
of cash deooslts and withdrawals affecting the account of the
Both publications have provided
Treasurer of the United States.
con^aratlve figures on their respective bases from the beginning
The dally statement before February I7, 195**. covered not
only transactions cleared through the Treasurer's account but
also certain Govem:iient agency transactions which were handled
195**.
through coBDerclal bank accounts, and Included noncash interfund
with respect to these reporting changes may be found in the
April 195U Issue of the Bulletin.
and other Intragovemxental transactions. It provided infor-satlon
slaiilar to that in the present dally statement with respect to the
of the fiscal year 1953.
The announcement of February 17,
status of the Treasurer's account,
The monthly statenent shows all receipts and expenditures
of the Govemment, 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 agencies, 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 transactions as compiled from these reports la 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.
Receipts of taxes and customs duties are reported on a
collections basis. Other receipt? are reported partially on a
collections basis and partially on a deposits basis. Expenditures,
except Interest on the public debt, are reported on the basis of
checks Issued or cash payments made by disbursing officers.
Transactions of an interfund or Intragovernjiental nature are
Included on the same basis even though the actual Issuance of
checks may not be Involved. Interest on the public debt Is Included on an accrual baB\s 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 fiscal year figures for the
Treasury's "Combined Statenent of Receipts. Expenditures and
Balances of the United States Ckjvernmcnt" and for actual receipts
and eiipenditures In the "Budget of the United States Govermient.'
and slmileir to that In the
daily etatenient with respect to debt
Receipts and
Issuance, retirenent, and amount outstanding.
present
end-of-month
expenditures, however, were claeeifled by type of account, and
the budget results shown In the dally etaterrent were used as the
basis for reflecting the results under the Fresldent'e budget
proEram ae enacted by the Congress.
Receipts were on the basis of deposits as they cleared the
Treasurer's account. Expenditures clearec through the Treasurer's
account were reported on two successive bases. Through 19*t6 they
were on the basis of checke paid by the Treasurer of the United
States.
Beginning with 194-7, expenditures made through the
facilities of the Treasury DepartTent's Dlv'.slcn of Disbursement
were on the basis of checkc issued, while certain others, prlrcipfllly those of the Derartrrent of Defense and its predecessor
organizations, were on the basis of checks paid. Transections
handled through comicerclsl bank accounts, consisting 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
and on a checks-paid basis prior to that time.
191*9
The circulation statement reflects transections through the
Treasurer's account which affect monetary stocks of gold and
silver and the amounts of coin and currency In the money supply
It Is Issued later than the daily statenent,
of the country.
however, and the figures are based on traneacticne consummated
during the reporting period even though some may not have
cleared the Treasurer's account during that period.
May
1959
Ar-l
Treasury Financing Operations
Kay Financing
On April 30 the Treasury Department announced
In Investment securities.
Tenders from others
were required to be accompanied by payment of 2
Its financing program to meet maturities of %h.(i
billion and to ralee the new cash funds estimated
to be required for the balance of the fiscal year.
percent of the face amount of Treasury bills applied
The S2.7 billion of special Treasury bills maturing
Kay 15, the announcement stated, would be redeemed
In cash.
Three new securities were offered as
bank or trust company.
follows:
For cash aubacrlptlon:
jl+O-day special Treasury bills for 32.0
billion,
or thereabouts,
dated
May
11,
1959,
Except for the depositaries'
making payment by credit In their Treasury tax
and loan accounts for the 3'W-day bills, payment
by others and for the 221-day bills of accepted
tenders at the prices offered was required to be
made or completed In cash or other Immediately
available funds on May 11 for the 3't-O-day bills
and on May I5 for the 221-day bills.
to mature April I5,
196O; and
221-(lay Treasury bills,
series,
for unless the tenders were accompanied by an
express guaranty of payment by an Incorporated
tax anticipation
for $1.5 billion, or there-
abouts, dated Kay 15, 1959. to mature
December 22, 1959
For the 340-day bills, the average rate of
discount was 3.S35 percent; and tenders In the
amount of J2,003 million were accepted. Included
In the total were noncompetitive tenders for »400, 000
or less aggregating over I3OO million which were
accepted In full at the average price of accepted
competitive bids.
In exchange:
For the Jl.S billion of certificates
of Indebtedness,
Series B-1959, which
matured May I5, 1959. one-year certificates dated May 15, 1959, to mature
May 15,
The offering of the
i960.
3l4.0_day
bills was a further
step In the Treasury program to establish a pattern
For the 221-day bills, the average rate of
discount was 3.565 percent; and tenders In the
amount of 31,500 million were accepted. The total
Included noncompetitive tenders for 3'*00, 000 or
less totaling over $110 million which were accepted
In full at the average price of accepted competitive
bids.
of one-year bill maturities on quarterly dates In
January, April, July, and October. The 221-day
tax anticipation bills will be accepted at face
value In payment of Income and profits taxes due
December I5, 1959; to the extent they are not
presented for this purpose the face amount will
be payable without Interest at maturity.
Tenders for the 3ltO-day special bills were
opened on May 6 and for the 221-day tax anticipation bills on May 7.
For the special bills, any
commercial bank qualified as a depositary was
permitted to make payment for the bills allotted
to Itself and Its customers by credit In Its Treas-
ury tax and loan account up to the amount for which
It was qualified In excess of existing deposits.
tenders were received without deposit from Incorporated banks and trust
For both bill Issues,
companies and from responsible and recognized dealers
In accordance with the announcement of April 30,
the terms of the one-year certificates of Indebtedness were made public on May ?• The new certificates. Series B-I960,
1959.
bear Interest froa Aay I5,
payable
at the rate of ^ percent per annum,
semiannually on November I5, 1959, and May I5, I96O.
They w«re Issued at a price of 99.95 percent of
Cash
face value, to yield about U.05 percent.
A cash payment
subscriptions were not received.
of $.50 per 31,000 face value of the new certificates, representing the discount from the face
value, was paid holders upon Issuance of the new
certificates. Exchanges amounted to Sl,25S million,
leaving 3559 million to be paid In cash. Of the
31,S17 million of the l-l/lt percent certificates.
Series B-1959, which matured on May I5, 381 million
was held by Government Investment accounts, and
3309 million by commercial banks, as reported In
Treasury Bulletin
A-2
Treasury Financing Operations
-
(Continued)
the Treasury Survey of Ownership as of March 3I.
of discount on the bills Issued during April were
1959.
as follows:
13-Week and 26-'Aeek Bills
Regular weekly Treasury bills Issued In April
totaled 37.6 million refunding an equivalent amount
of maturing IJ-week bills. The five new Issues of
13-week bills amounted to S5.6 billion, the first
three for «1.2 billion and the last two for $1.0
billion each. The new Issues of 26-week bill?
amounted to !;2.0 billion which consisted of five
JllOO million Issues.
The April Issues mature in
Average rates
91 days and 1S2 days respectively.
Mai) 1959
.SUMMARy OF FEDERAL FISCAL OPERATIONS
(In millions of dollare}
Budget receipts and eipendlturee
Net
receipts
1/
Expenditures
Surplus,
or
deficit
(-)
2/
Fiscal years:
39,786
ui.uss
37,696
Vjitl
19U8
19^9
1950
19SJ
l»7,568
39,032
33,069
39,507
39,617
UU,058
-1,811
-3,122
3,510
61,391
65,1*08
-1*,017
36, ug?
1952
1953
195^
1955
1956
751.
8,1*19
611,825
71*
,271*
-9,i*l'9
61., 655
67,772
61*, 570
-3,117
66,51*0
1,626
60,390
68,165
-l*,i8o
1957
1958
71,029
69,117
69,1*33
71,936
1,596
-2,819
1959 (Ket.).
i960 (Est.).
68,000
77,100
80,871
77,030
-12 ,871
70
1*0,389
U0,86l4
37,955
35,623
2,1*31*
37,51''
1.1,106
-3,592
37,306
52,979
37,728
56,337
-3,358
Calendar years
19^7
19^8
19^9
1950
1951
1952
1953
6U,8itO
195'»
61,171
63,358
70,662
72,997
5,21*1
-1*22
-5,81*2
66,129
67,216
-9,157
-3,683
-2,771
3,779
68,69U
71,692
75,782
592
-7,088
l.,809
6,095
-1,286
6,188
10,737
5,71*3
1.U6
5,58U
5,153
l',256
5,987
5,282
11,688
5,9U1.
-1,731
-662
6,279
5,1*09
6,31*7
Aug.
Sept...
3,057
5,128
7,225
-3,290
-802
Oct
Not
Doc
3,131
U,827
5,956
6,501
5,806
5,809
-3,370
-979
1958-Jan
i',786
Fell
March .
6,299
9,501
6,011
5,528
-1,225
771
3,753
April.
3,1*96
6,122
925
10,785
5,81*6
-2,626
-920
6,621
1*,16U
63,81.1
1955
1956
70,991*
72,281.
1957
1958
Month b:
1957-Jaji
Feb
March
.
April..
May
June.
.
July...
.
May
June
.
I*,
.
.
July...
August
Sept...
2,91*6
i*,838
Oct
Not
Dec
2,769
1959 -Jan
U,528
6,576
8,426
Feb
Mar.
7,208
11,962
6,180
. .
6U,85i*
5,930
5,667
5,71*9
6,613
6,198
6,633
1,559
11*7
Net of
trust
account
and other
traneactlone
Net
Increase
Clearing In
account, public
etc.
debt, or
decrease
y
(-}
Levels, end of period
Net
Increase In
Treasurer's
account
balance , or
decrease { -)
Debt outstanding
Treasurer*
account
balance
Public
debt
Guaranteed
securities
Total
Federal
securities
Subject to
limitation
5/
..
..,.
"
.
.
.
Treasury Bulletin
-bu3x;et receipts and expenditures.
Table 1.- Receipts by Principal Sources
(In mllllone of dollare)
Internal revenue l/
Inoome taxes
Fiscal year
or month
Corporation
2/
Total
Not
withheld
2/2/
Withheld
i/
Income
tAzes
13,535
18,521
21,351
21,635
37,753
21,25''
1/y
al»,2l8
1951
1952
1953
BBployment taxes
For old-a^e
and dlaabllltj Insurance
For rail- For unroad re- employment
tirement Insurance
6/
,363
3,120
3,569
U,086
53,906
l»,537
l<9,915
5, 31.0
620
603
600
578
735
1955
32,826
33,012
10,7U7
21,523
18,265
10,396
1956
1957
1958
21,299
21,531
20,533
11,322
12,302
11,528
2l»,012
56,633
60,560
59,102
6,337
631*
6,631*
27,Oi4l
7,733
616
575
1959 (Est.)...
i960 (Bst.)...
17,650
22,0U8
12,100
13,100
28,700
31,900
58,1150
67,0lt8
8,22U
10,216
560
575
1958 -July
August.
September
U79
316
2,267
258
1,195
123
3,1*76
338
1,032
1,815
2,093
1,931
3,915
6,176
371.
162
195l»
.
.
October.
November
December
1959 -January..
February
March
1959 to data
5''
26,728
501t
23U
259
277
285
280
6,220
9U5
936
325
330
336
7,296
7,581
1,171
1,378
8,6l»U
l,lill
10
19
91,563
1
355
1,105
5U9
113
92
926
908
912
3,328
6,023
7,729
21
68
1
1
951*
62
1
386
816
UUl
103
itU
811
853
3,205
5,762
6,328
113
8I17
l*,6li9
107
1
3,368
26712/
lU
5,563
71
39
261
43
394
5,398
75,109
80,172
79,978
1
365
7U7
397
40,098
7
5
72
UU
1,762
21,285
15
17
U,932
6,394
10,638 2/
10,8lU
10,687
lt,05li
8,397
10,001l
ll,9'»l
1,225
949
799
9 8/
7
51,106
65,635
70,171
70,300 8/
66,289
1,380
3,61.1
9U8iO/
9,726
10,825
10, Oik
9,211
1,1'30
2,139
4,356
2,213
'*,983
s.itas
9,U6
91*
846
725
9,l»23
3,931
U,562
Total
Internal
rerenue
11,135
373
1,99610/
Taxes not
otherwise
classified
3l»l»
2,1<19
U2U
362
5,459
Excise
taxes
332
319
12,419
.
51,3'»7
Estate
and gift
taxes 2/
Total
employment
taxes 2/
95
103
15
321
1,281
857
U2
906
927
320
6,112
940
8,045
79,61*2
7,858
10,315
55,196
Deductions from budget receipts
Miscellaneous
receipts
2/
Fiscal year
or month
Total
budget
receipts
Transfers of tai receipts to
FOASI
Trust
Fiffid
u/
62U
551
613
562
606
1951
1952
1953
1951*
1955
l,8ll>
53,369
67,999
3,120
3,569
1,865
72,61*9
2,311 8/
2,559
73,173
l*,086
l*,537
69,1*51*
5,0U0i^
78,820
83,675
1,639
1956
1957
1958
800
3,196
83,971*
6,337
6,301
6,870
1959 (Eat.)....
i960 (Est.)
858
918
3,091*
83,591*
7,351.
3,3'»5
95,826
72
1958 -July
August.
705
3,006
751.
2,71*9
Federal Disability Insurance
Trust Find
12/
Ral Iroad
Retirement
Account
ii/
Refunds of receipts 15/
Highway
Trust
Fund
lU/
Total
refunds
Internal
Revenue
575
738
620
603
599
2,082
2,275
3,095
15
18
17
3,31.5
3,1*00
Bet
budget
receipts
20
9
6
11
2,107
2,302
3,118
3,377
61*
22
U
3,1*26
60,390
9
1*7,568
61,391
6U,825
,655
3,653
23
3,681*
333
863
616
575
1,1*79
3,891*
20
3,917
2,116
l*,l*13
18
1*,1.33
68,165
71,029
69,117
560
575
2,130
2,906
i.,659
9,276
870
9U0
18
18
U,680
5,029
68,000
77,100
631*
5,009
221*
3,621*
301
917
37
115
17
2
11*7
2,91*6
3
133
75
316 02/
8,U9
1*50
51*
1*1*
177
206
188
Ihk
6,280
September
172
2
175
U,838
7,208
October.
November.
December.
82
160
3,1*1*6
5,979
85
21
68
180
198
2
2
U
11,962
78
liUl
6,81.8
1*1*
Uk
16I.
110
2
62
112
11*5
325
663
353
1.0
72
2
61.
6,180
76
2U2ia/
172
182
-27 IS/
373
2
-26
B51
718
25 12/
98
81
11*
8,152
10,722
71
1
March
231
224
318
l*,956
70
89
43
152
2
374
1,301
U,528
6,576
8,426
1959 to date...
680
2,250
58,126
4,819
19
2,284
.
.
.
1959 -January..
February.
1/
i/
72
579
Actual figures through 1952 are from the dally Treasury statement and thereafter from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases
see page II); estljoates are frcm the I96O Budget docunent, released
January 19, 1959, and supporting data. Including effects of proposed
legislation.
For further detail, see tables under "Internal Revenue Collections.
Breakdown was not made la the dally Treasury statement and the
monthly statement for years prior to 1951*.
Beglnnli^ January 1951, the distribution of receipts between Individual
income taxes and old-age and disability Insurance taxes Is made In
accordance with provlelons of Sec. 201 of the Social Security Act,
as amended (1.2 U.S.O. 1.01), for transfer to the Federal Old-Age
and Survivors Insurance Trust Fund (see footnote 11), and after
December 1956 also for transfer to the Federal Disability Insurance
Trust Fund ( see footnote 12 )
Source:
2/
67
393
1,299
1,618
2,264
hj
2,769
48,433
Taxes on employers and employees under the Federal Insurance Contributions Act, as amended (26 U.S.C. 3101-3125), and, beginning with
the taxable year 1951, tax on self-employed individuals under the
Self-laploymont Contributions Act, as amended (26 U.S.O. 11*01-11.03).
The Social Security Act Amendments of 1956, approved August 1, 1956,
increased the rates of tax applicable to wages paid and taxable years
beginning after December 31, 1956, to provide for disability Insurance ( see footnote 12 )
2/ Taxes on carriers and their employees under the Railroad Retirement
Tax Act, as amended (26 U.S.C. 3201-3233).
or more under the Federal unemployment Tax Act,
6/ Tax on employers of
as amended (26 U.S.C. 3301-3308); with respect to services performed
before January 1, I956, the. tax was imposed on employers of 8 or more.
Remaining footnotes on following page
1*
May
1959
-BUIOET RECEIPl'S AND EXPENDITURES.
Footnotes to Table
7/
8/
2/
10/
11/
12/
Through 1953* contributions to the Railroad Unemployment Insurance
Administration Fund were carried in the daily Treasury statement as
miscellaneouB receipts, while the I960 Budget document, Special
Analysis L, includes them in employment taxes through 1952. Beginning 195A the contributions are credited direct to the trust account.
For amounts of the contributions included in budget receipts, see
"Treasury Bulletin** for February 195A, page 7.
In the I960 Budget document, Special Analysis L, taxes not otherwise
classified are included in miscellaneous receipts.
Beginning 1957, includes collections xinder increased rates in the
Highway Revenue Act of 1956 (see footnote L*).
Figures shown include adjustments (see footnote 11) as follows: decrease in income tax of f 82 million in withheld and $7 million in not
withheld; increase In transfers to trust accounts of $83 million to
Federal Old-Age and Survivors Insurance, and $5 million to Disability
Insurance.
Amounts appropriated to the Federal Old-Age and Survivors Insurance
Trust Fund are equivalent to the amounts ot taxes collected and
deposited for old-age insurance {l^ U.S.C, 401 (a)). Beginning
January 1951, the amounts transferred currently for appropriation
to the trust fund are based on estimates of old-age insurance
tax receipts made by the Secretary of the Treasury pursuant to the
provisions of Sec. 201 (a) of the Social Security Act, as amended
(i2 O.S.C. ^Ol(a)), and are adjusted in later transfers on the
basis of wage and self -employment income records maintained in the
Social Security Administration. The amount of old-age insurance
tax refunds is reimbursed to the general fund by the triist fund.
The Federal Disability Insurance Trust Fund was established by the
Social Security Act Amendments of 1956, approved August 1, 1956
The act appropriated to the trust fund amounts
{t^ U.S.C, U01 (b)).
equivalent to specified percentages of the wages and self -employment
income, respectively, which are taxed for old-age insurance, and
provided that the amounts appropriated should be transferred from
time to time to the trust fund on the same basis as transfers to
the Federal Old-Age and Survivors Insurance Trust Fund. Rates of
tax were increased by the percentages appropriated to the Federal
Disability Insurance Trust Fund, the increase being applicable to
wages paid and taxable years beginning after December 31, 1956.
-
1
13/
\L/
15/
12/
18/
*
Footnotes to Table 2
Footnotes 1 through 3 follow Table 2 on page A.
Totals Include allowances for contingencies of $200 million for 1959
and $100 million for I960.
i/ Includes unclassified expenditures transfers until these have been
distributed in final fiscal year figures.
Monthly figures shown will not add to the fiscal year cumulative
because prior to December they do not reflect the shift of the
former Civil Aeronautics Administration and the Civil Aeronautics
Board from "Commerce Department" to "Independent Offices," pxirsuant
to the Federal Aviation Act of 195B, approved August 23, 1958
4/
^
2/
8/
2/
10/
(Continued)
Excludes the Government's contribution for creditable military
service (^5 U.S.C. 228c-l (n). Beginning 1952, amounts are appropriated to the Railroad Retirement Account equal to the amount of taxes
under the Railroad Retirement Tax Act deposited in the Treasury,
less refunds, during each fiscal year (65 Stat. 222 and 66 Stat. 371),
and transfers are made currently.
The Highway Revenue Act of 1956, approved June 29, 1956 (23 U.S.C.
173) established a Highway Trust Fund from which are to be made, as
provided by appropriation acts. Federal-aid highway expenditures after
June 30, 1956, and before July 1, 1972. The act appropriated to thie
fund amounts equivalent to specified percentages of receipts from
certain excise taxes on motor fuels, motor vehicles, tires and tubes,
and use of certain vehicles, and provided that the amounts appropriated should be transferred currently to the trust fund on the basis
of estimates by the Secretary of the Treasury with proper adjustments
to be made in subsequent transfers. The use tax was Imposed by the
act and rates were Increased for the other taxes.
Previous to the
fiscal year 1957 corresponding excise tax receipts were included In
net budget receipts, and Federal-aid highway expenditures were included in budget expenditures.
Interest on refunds Is included in expenditures in Table 2,
Transfers reduced by $300 million to correct those made earlier on
basis of estimates (see footnote 11).
Includes $139 million increment from reduction in the weight of the
gold dollar, which had been allocated for payments to Federal Reserve
Banks for making industrial loans, and was returned to the Treasury
pursuant to Public law 85-699, approved August 21, 1958 (72 Stat,
698). The unused portion of the allocation, $112 million, was
transferred from the trust account in which it had been held; the
$27 million which had been advanced to Federal Reserve Banks was repaid into a special fund, from which It was appropriated to the Small
Business Administration to be available for grants under section 7
See also ''Trust Account
(d) of the Small Business Act, as amended.
and Other Transactions," Table 2, and "Monetary Statistics ," Table 6
(published quarterly).
Net of reimbuTBement of $83 million from the Federal Old-Jlge and
Survivors Insurance Trust Fund for tax refunds (see footnote 11).
Less than $500,000.
(Continued)
(Public law 85-726), but the c\roulatlve figures have been adjusted
to reflect it from the beginning of the fiscal year.
Beginning 1955, consists of net expenditures of the Postal Fund, reflecting the change in classification of Post Office transactions to
a public enterprise revolving fund basis.
Reported on an accrual basis effective June 30, 1955*
Consists of Federal payment and loans and advances.
Includes $1,375 million for investment in International Monetary Fund
(authorization to expend from debt receipts) under proposed legislation.
Less than $500,000.
..
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITTJEES
Table 2.- Expenditures by Agencies
tin mlllione of dollarB)
LeglelatlTe Julielarj'
branch
Fiscal year
or month
61
1953
Tit
195l«
67,772
59
1955
1956
1957
1958
6lt,570
65
1959 (Kst.)....
i960 (Eat.)
80,871
77,030
,27''
66,5110
69,1*33
2/ i/
71,936
y
y
85
97
99
119
152
U
k
U
u
h
5
7,lUli
6,237
7,080
U
59,475 S/
70
75
9
October. .
November .
December.
1959 to date.
51
10
12
11
March
1.9
9
9
9
10
10
11
It
6,613
6,198
6,633
6,776
6,331
6,461
30
37
39
kk
6
10
1958 -July
August. . .
Se ptember
1959 -January...
February .
27
28
Btecutlve
Office
of the
President
8
5
3
U
Fmda
appropriated
to the
Independent
offices
President
5,782
5,282
6,905
,
6,1.73
1/
l»,38l
6,791
6,982
7,707
8,305
y
1',1'73
U,115
l.,o8l
General
Services
Administration
1,107
806
973
Housing
and Home
Finance
Agency
385
-615
129
39
Agriculture
Department
Commerce
Department
1,063
1,000
1,077
1,293
562
6U5
570
U25
-23
3,217
2,915
U,636
5,177
5,006
199
l.,875
1,06U
318
7,31*1
6,1*50
1.18
72
76
523
192
9,1*56
3,71*5
9,1*1*3
U28
Ull
1*53
71*9
1*3
37
61.6
271
309
766
31
32
628
31*
37
530
803
1*3
337
315
369
766
718
801
2U
29
31
50
89
102
711
625
810
85
71
26
736
784
760
15
26
150
124
167
821
637
A23
21.
788
6,005
It,
8
3
5
8
10
3
4
4
4
332
274
366
89
35
45
3,027
6,891 6/
35
i
U76
45
21
280 6/
-BUTCET RECEIPTS AND EXPENDITURES,
Table 3,- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of March 31, 1959
(In mllllona of dollara; negative figiires are deductions in the columns in
Agency
Unexpended
balances
brought
forward
July 1, 1958
1/
V
Additions
which they appear)
»
fiscal year 1959 to date
Increases
Appropriations
2/
Authorizations
to expend from
debt receipts
Transfers
borrowings
investments
6/
Other
aufhorizations
4/
Lecislatlve Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Independent offices
General Services Administration
Housing and Home Finance Agency
Agriculture Department
Commerce Pepartment
Defense Department:
Mil itary functions
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
District of Columbia - Federal contribution and loans.
Unclassified expenditure transfers
Adjustment to monthly statement of receipts and
expenditures of the govemment
3
125
i5
55
55
55
5,895
12,323
366
10,167
3,304
9,186
475
187
i,862
372
3,304
9,369
475
256
4,598
452
32,085
286
40,843
857
%5
3a
2,5U
-1
2,545
24
761
2,916
45
737
230
522
450
210
8,337
28
72,049
72,499
173
,
ToUl
25
628
A60
98
108
45
150
33
18
51
3,9U
680
4
U8
1
3
Expenditures
(net)
230
522
450
210
8,337
28
73,U5
849
Unexpended balances March 31, 1959
Rescissions,
cancellations,
and other
adjustments
Undisbursed
appropria-
Unused authorizations to
expend from
debt receipts
Unfunded
contract
authorizations
2J
Legislative Branch
The Judiciary
Executive Office of the President
Founds appropriated to the President
Independent offices
General Services Administration
Housing and Home Finance Agency
Agriculture Department
Commerce Department
Defense Department
Military functions
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Departraent
Treasury Department
District of Columbia - Federal contribution and loans
Unclassified expenditure transfers
Adjustment to monthly statement of receipts and
expenditures of the govemment
Total
270
788
62
6
148
,005
1
280
5
,891
2/'
4/
i/
165
14
65
6,171
357
8,933
146
358
7,430
2,458
1,146
39
653
566
257
958
477
63
14,764
566
9,486
3,455
540
42,333
592
.569
551
42,333
592
*
*
,263
1,225
2
1,227
578
185
828
598
204
U8
80
528
69
322
313
104
5,006
49
*
69
322
313
104
2,216
,243
24
2,789
49
-3
32/
61,250
59,475
Includes same categorlea as shown for unexpended balances at the end
of the current period.
Although not expended, a substantial portion of these amounts is
obllEat^d for outstanding purchase orders and contracts for equipment and supplies, for payrolls, and for similar Items.
Includes reapproprlatlons.
Consists of authorizations by law for Government-owned enterprises to
borrow (1) from the Treasury (to expend from public debt receipts),
or (2) from the public (to expend from debt receipts).
Consists of new contract authorizations, established by law for the
C'lrrenl fiscal year, net of current appropriations to liquidate either
currert or prior contract authorizations.
65
,814
,327
Total 2/
held
8/
U
6/
ances'*.
2/
Investraents
103
35
A5
,028
Source: Bureau of Accounts. Details for the current fiscal year to date
are shown in the monthly Bureau of Accounts report "Budgetary Appropriations and Other Authorizations, Expenditures and Unexpended Bal1/
-26
40,843
857
Deductions, fiscal
year 1959 to date
Agency
26
7/
8/
5/
•
21,967
1,538
1,011
85,766
Consists of transfers between appropriations! net borrowings from, or
repayments to (-), the Treasury and the public under authority to expend from debt receipts) and net investment In, or aale of (-), public debt securities and certain guaranteed securities Issued by
Govemment enterprises.
Consists of transfers to, or restoi«tiors from (-), the surplus fund;
rescissions, cancellations, or adjustments of borrowing authority and
contract authorityi capital transfers to miscellaneous receipts; and
other adjustments.
Public debt securities and certain guaranteed aecurltles Issued by
Govemment enterprises.
stateThis adjustment represents the difference between the monthly
accounts
ment figures (based on preliminary reports) and the final
officers.
disbursing
submitted by
Less than t500,000.
:
.
)
Treasury Bulletin
.BUKJET RECEIPTS AND EXFjaHHTURES,
Table 4.- Expenditures and Balances by Functions
(Fiscal years; In millions of dollars]
1959 through March
Fxnctlon
code
1958
Expenditures
3e,k39
1,990
k90
2,352
39,062
2,268
625
2,187
30,569
ko,6kl
k3 ,270
kk.lka
3i,399
121
1,960
100
120
1,616
157
1,686
Ul
176
1,909
lk9
l,i91
133
1,732
2,181
l,8k6
1,976
2,23k
1,778
5U6
158
2,Ua2
100
782
188
66k
150
2,681
57
727
178
767
77k
123
126
,798
105
788
176
2,870
k7
801
699
168
3,10k
175
856
156
'',256
l',l«57
k,756
k,793
5,026
3,906
277
328
l,k28
275
k75
k58
1,797
5k6
315
31
171
koo
1,558
k69
290
71
32
203
297
1,'>57
225
17A
1957
195^
1955
1956
'•0,336
1,895
1,0U5
3,629
35,532
1,857
9kk
2,292
35,791
1,651
588
2,611
It6,90l<
k0,626
130
1,511
91
nmber
Major natlcoal securitj:
061
066
067
068
Ml 11 tar J defenae
DerelolBBat and control of atOKlc energjr
Stoclcpllljig and defense production expansion
Mill tar J assistance
Total major national security
1,902
281
1,646
International affairs and finance;
Cooduot of forel^ affairs
Xcono«lc and technical derelopasnt 2/
foreign Infonaaticai aod exchange actlvltlea
151
152
153
Total International affairs sod finance
yeterane* serrices and benefits:
Veterans' education and training
Other Teterans' readjuataent benefits J*/
Veterans' compensation end pensions
Veterans' insurance and serrlcenen's IndeBnities
Veterans' hospitals and medical care
Other veterans' services and administration
^
Total veterans' services and benefits
101
102
103
lOli
105
106
".
•3
185
102
5U
109
2,i36
28
673
U8
Labor and valfare
Labor and manpower
Public assistance
Prcau^tion of public health
FVoBotioii of education
Proaotlon of science, research, libraries, and museiAS 6/
Correctional and penal inatltutlona
Othsr welfare services and adainlBtration g/
^
211
212
1,'»39
213
290
2II1
273
33
26
351
279
521
250
107
30
Ik 7
32k
53
28
137
2,1.85
2,575
2,821
3,022
3,kk7
2,86a
1,689
256
217
253
3,l»86
173
3,k30
227 3/
267
375
227
3,151
239
297
kk8
255
i,585
229
lk2
3,900
231
217
305
215
2,557
k,389
k,868
k,526 2/
l',389
5,724
1,138
17k
840
165
33
803
138
38
k5
kk
162
62
I1O5
935
118
37
k3
35
925
ItOU
1,056
117
37
38
60
69
"3
69
39
l,5k3
1,222
392
31
kOk
67k
78
51
315
228
721
103
215
216
217
Total labor and ve Ifare
56
72
3''
Agrlcultire and agricultural reso\ircea:
Stablliiatlon of farm prices and farm income 2/
Financing farm ownsrshlp and operation 8/
Financing rural electrification and telstjhaaas
Conaervatloo and development 2/
Bsaearch, and other agricultural services 2/
351
3»
353
35k
355
Total agriculture and agricultural resouces
236
20k
291
232
U5
233
natural resources:
UOl
Conservation and developsKnt of land and water
CoDservation and development of forest resources
Ccxiservation and developsient of mineral resources
Conservation and development of fish and wildlife
Becreatlonal use of natural resources
General resource surveys and administratloa
Total
iiatts*al
k02
I1O3
It
09
reaourcea
35
3''
35
51
59
38
1,315
1,202
1,10k
1,296
370
586
275
312
37
-kOl
3k9
6k7
253
356
56
k20
251
-U5
31
270
-kOk
19
-83
59
58
51
CoMierce and boualjg:
Promotion of water transportation
ProvialoD of highways
Prtsotlon of aviation and space flight
Postal service
CosBtxilty development and facilities
Public housing programs
Other aids to housing ^1/
Other aids to business 12/*
Regulation of conmerce and finance
Civil and defense mobilization
Disaster insurance, loans, and relief 13/
511
512
513
511'
515
516
517
518
519
520
521
Total caimD0rce and housing
-lk2
-330
k5
63
783
k63
k
365
kO 10/
295
518
k9
60
-60
59
k5
38
k5
kl
58
1
12
k3
817
1,50k
2,030
k9
29
8
kk9
60
31
77
90
38
kO
10
9
9
k75
k76
155
93
26
160
16k
115
I6k
19k
WT
627
38
187
53
67
33k
3k
188
69
65
21
l,k55 10/
115
k9
66
22
443
598
70
52
21
44
37
4
2,109
2,411
General government:
Legislative functions
Judicial finctlons
Kxecutive direction and aani^tement
Federal f Inane lal management
Geiwral froperty aad records management
Central peraccnel manageaent and employmant costs
Civilian weather services
Protaotive service* sod alien control
Territories ami possessioca, aad Dlatrict mt Coliabia.
Othsr general govemaamt
Tot«l general government
Footootes at end of takls.
.
.
601
602
6«3
60k
605
606
607
606
609
610
25
213
139
1,235
1.199
(Ccntlntjed on following psge
_238_
1,627
kk
10
502
239
IkO
39
199
74
35
9
417
209
482
51
20
35
159
64
24
1,787
1,356
1,509
73
May
1959
.BUECET RECEIPTS AND EXFEBBITUEES
Table 4.- Bxpendlturee and Balances by Functions
(FlBcal years; In miUlonB of dollare)
(Continued)
..
.
7
.
.
Treasury Bulletin
.TRUST ACCOUHT
AlCD
OTHER TRAMSACTIOBS
Table 1.- Summary of Trust Account and Other Transactions
(In mlllloas of doUarB)
Fiscal year
or month
Trust and deposit fund accounts
Net receipts, or
eipendlturea (-),
from trust account
and other transact lone
Net receipts, or
expenditures (-)
679
Ihl
1951
1952
1953
195^
1955
3,852
3,855
3,760
2,386
991
"•35
328
231
Becelpta
388
-956
277
556
-31
10
9,1.35
111,369
262
16,329
12,959
16,068
1959 (Est.)...,
i960 (Est.)
-6311
-1,299
218
17,585
ie,86U
-182
20,1*77
20,259
-376
173
-675
1,U1
1,786
330
81.
51.3
-1.70
-511
1,956
885
1,1.12
-200
1,397
311.
-3
-81.
-572
177
1,025
519
-32
1,1.86
1,597
1,310
-21.8
1,171
1,1.19
212
239 i/
-37
-as
-81
-1,121*
279
-194
175
759
1,637
1,322
1,883
1,A62
1,451
352
-37
-130
1/
1,01.7
57
6
47
-70
and excluded from net Ijiveataient by Government agencies in public
debt securities (see Table 1.) and frcm net redemption or sale of
obligations of Government agencies In the market (see Table 5).
Figures previously published for the fiscal year 1955 have been
revised to the new classification basis.
Includes guaranteed securities beginning 1955 (see Table U).
Differs from monthly statement of receipts and expenditures for
December I958 because of error In classification in that statement.
Actual figures through 1952 are from the dally Treasury statement and thereafter from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see
page II); estimates are from the i960 Budget document, released
January 19, 1959, Including effects of proposed legislation.
Ittider a revised classification In the monthly statement, effective
July 1, 1955, the security transactions of Government-sponsored
enterprlaee are Included In deposit fund account expenditures (net)
Source;
1/
-1.
602
1,085
567
11,685
1,1.09
March
-TS
-25
-2, 051*
-2,617
-2,300
-197
2,250
1959 -January..,
February,
381.
-1,362 1/ 2/
195
633
In the
market
8,5l.5 1/
-igi"
October, .
November .
December.
Net sale, or redemption
(-), of securities of
GoTemment agencies
-3,557
-3,636
-3,301
5,169
6,769
1956
1957
1958
1958 -July
August. . .
September
Net sale, or Inveatjnent
(-), bjr Government
agencies In public debt
securities
3,91*5
1*,952
7,796
8,807
8,929
9,155
9,536
,
Expenditures
Table 2.- Trust Account Receipts
(In millions of dollars)
Federal Old-Age
and Survivors
Insurance Trust
Fund
Fiscal year
or month
3,1.11
1955
7,796
8,807
8,929
9,155
9,536
1956
1957
1958
11,685
lit, 369
16,329
1959 (Est.)...
i960 (Est.)...
17,585
20,1.77
1958nJuly
August
September
1,111
1,956
885
1.27
October.
November.
December.
1951
1952
1953
1951.
.
.
19 59 -January..
February.
March. . .
Federal
Disability
Insurance
Trust Fund l/
3,932
516
5,080
5.586
I.,
y
Railroad
Retirement
Account
liiemploy-
ment
Trust
Fund
National
Service
Life Insurance Fund
Government
Life
Insurance
Fund
Federal
employees'
retirement
funds
Highway
Trust
Fund
2/
678
850
1,51.2
681.
1,61.3
71.2
1,59'.
1,1.92
786
637
619
590
86
87
79
78
78
850
912
961
691
708
.025
,397
1,U82
,1.58
2,13''
681
638
1,722
1,682
2,1U3
2,912
673
670
116
159
110
177
206
188
-51.
69
27
38
737
700
1,1.25
6I.9
73
608
6U0
69
67
51.5
597
UOl
1.57
I1I.9
1.67
339
723
900
91*3
695
1,728
1,912
1,855
8,1.38
10,1.57
98I.
1,008
962
1,905
2,018
61.
65
659
62
11.1
99
3U9
37
ko
39
36
3
1.69
38
130
55
1,025
1.30
1.1
90
1.0
21.9
35
''5
112
31.
2
1
2
152
97
58
22
69
117
137
180
199
171
26
109
16
39
1.7
3
122
172
73
187
33
2
2
l:?2
45
33
42
116
83
133
152
003
159
931.
1,1.86
681.
1,171
569
759
l,b37
1,322
307
391
745
739
1,056
Source:
See Table 1.
1/ See "Budget Receipts and Expenditures," Table 1, footnote 12.
"Budget
Receipts snd Expenditures," Table 1, footnote 11*.
2/ See
i/ Includes District of Columbia receipts from taxes and from
Federal contributions, loans, and grants; Indian tribal funds;
increment resulting from reduction in the weight of the gold
dollar; and the Railroad Unemployment Insurance Administration
Fund for the period I95I* through November 1958 (see Table 7
Other truet
accounts
2/
73
1.U
y
^
3
1
y
69
62
5/
3".
I*U
for treatjnent thereafter, and "Budget Receipts and Expenditures
Table 1, footnote 7 for treatment prior to I95I*).
Does not Include donation of public debt securities amounting
to $1.5,800 (par value); see also Table 1».
Net of transfer to miscellaneous budget receipts of $112
million unallocated increment from reduction in weight of the
gold dollar pursuant to Public Law 85-699, approved August 21,
1958 (72 Stat. 698). See also "Budget Receipts and Expenditures," Table 1, footnote 17.
May
1959
.TRUST ACCOUHT AHD OTHER TRAMSACTIOHS
Table 3.- Trust and Deposit Fund Account Expenditures
Treasury Bulletin
10
.
TRUST ACCOUIIT AHD
OTffiSR
TR/WSACTIOHS-
Table 4.- Net Investment by Government Agencies in Public Debt Securities
(In millions of dollara; nagative figures are excees of sains)
May
1959
11
-TRUST ACCOmiT
iaiD
OTHKR
TRAIISJ»CTI01IS
Table 5.- Net Redemption or Sale of Obligations of Government Agencies in the Market
(In
mllHone of dollars; negative figures
are excess of sales)
3ecxffltles guaranteed by the Ublted States
Public enterprise funds
Fiscal year
or laonth
CcBBiodlty
Total
guaranteed Credit
Corporation
-3
1951
1952
1953
a
72
25
19511
It
Federal
Farm
Mortgage
Corporation
Federal
Housing
Administration
-10
-16
-7
-29
-12
-16
-7
37
37
-6oe i/
1956
1997
1958
-173
-30
-30
-1,085
-567
-33
-33
6
1958^107
August. .
September.
.
October. ..
Rovember
December.
.
1959 -January...
February.
March
-277
y
31
-10
3
-371.
-30
1955
1959 (Est.)....
i960 (Kat.)
Boae
Owners
Loan
Corporation
Securities not guaranteed by the ttilted States
Public enterprise funds
Total
public
Federal
Federal
Hcoe
Total not
and trust
IntermeRational
Owners*
gueraDt«ed
enterdiate
Mortgage
Loan
prise
credit
AssocCorporafunds
banks 1/
iation 2/ tion
88
-98
32
65
-98
65
kk
-639
-69
33
-639 i/
6
-IkU
-1,052
-573
-iWt
-1,052
-573
k
-h
-233
-233
9
9
-Jt85
-J.85
-1
-6
-9
-1
-6
-9
32
32
-t
12
12
6
26
32
30
32
6
37
28
5
5
-2
-2
U
3
3
-57
-6
-7
-6
-7
-6
Fiscal year
or month
Federal
intermediate
credit
banks l/
Federal
National
Mortgage
Association
^
-100
-950
-115
-238
-225
-350
-485
1959 (Kat.)....
i960 (Set.)
1956 -July
August . .
September
.
,
.
October. ..
November .
December.
1959 "January
. .
Febrxiery.
136
-233
6
26
32
30
•
-50
-
(CcDtlnued)
GoTenunent -sponsored enterprises
1951
1952
1953
195^
1955
1956
1997
1958
-570
-Uli
Jt
-50
Securities not guaranteed by the United States
Trust enterprise funds
UJ»
Total
Governmentsponsored
enterprises
-375
-33
12
-11
136
10
-23
J.6
-7l'8
-51
-20
-380
-It
2
-163
Federal
Intermediate
credit
banks 1/
285
-269
-872
-86
167
-73
-226
-588
191
282
-250
-150
-33
-130
-20
-106
Federal
land
banks
-99
-45
-146
-53
-261
-230
-95
-300
-100
-30
•
-126
-56
25
31
30
Federal
home
loan
banks
-37^
186
-37
12
Banks
for
cooperatlTes
-11.7
-130
-43
-56
*
80
-106
34
7I'
6/
-50
March....,
Sonrce : See Table 1.
1/ Classified as a public enterprise fund prior to January 1, 1957;
as a trust enterprise fund January 1, 1957, to January 1, 1959;
and as a Govemment-eponsored enterprise thereafter (see table 3
f oetnote 4 ).
2/ Management and liquidating functions.
2/ Beginning 1955 excludes net transactions of Government-sponsored
enterprise (see Table 3).
-206
-47
4/
6/
-6
-50
-76
-50
1
Total IncludeB eetlmated net sales hj Tennessee Valley Authority of
million for 1959 and $80 million for I960 under proposed
legislation.
Secondary market operations.
Adjxistment for December transactions,
Use than $500,000.
^0
-
,
.
ireasury
12
nunfim
.THOST ACCOUirr AHD OTHKR TRAIfSACTIOIS
Table 6.- Federal Old-Age and Survivors Insurance Trust Fund
(In
mllllonB of dollars)
Receipts
Fiacal yoar
or month
1937-50
1951
1952
1953
195i
1955
1956
1957
1958
1959 (Est.)...
1960 (Est.)...
1958-July
August. . .
September,
October. .
November
December.
.
1959-January..,
February..
March
1937 to date J/.
Total 2/
Appropriations
16,657.1
3,411.5
3,931.5
4,516.3
5,080.3
15,131.9
3,119.5
3,568.6
4,086.3
4,537.3
5,585.8
7,003.4
7,158.8
7,899.9
5,039.6
6,336.8
6,301.2
6,870.4
8,437.5
10,456.5
Deposita by
States i/
Expenditures other than investments
Net earnings
on Investments
8.0
3.7
3.7
386.6
438.9
11.6
438.0
487.5
9.6
7.4
5.2
472.1
555.3
555.4
7,354.0
9,276.0
550.0
660.0
532.9
519.8
427.2
934.5
469.2
301.0
124.6
1.6
917.3
5.2
U9.9
3.4
11.9
16.0
430.2
684.5
569.1
324.8
662.7
352.6
84.0
306.6
891.2
745.1
242.3
850.6
717.9
62.3
24.7
9.5
2.0
15.9
17.2
66,702.9
59,810.3
1,530.7
5,309.6
25.7
43.3
92.4
98.6
171.6
296.8
12.3
2.5
21.4
9.5
2U.0
Benefit
payments
Other i/
1,517.3
287.4
333.5
.9
^
1.6
3,764
1,568
2,067
2,750
3,404
Refiinds of
taxes 6/
May 1959
13
.TRUST ACCOUHT AND OTHKR TRAHSACTIOSS.
Table 7.- Unemployment Trust Fund
Cin millions of dollars)
....
.
Treasury Bulletin
Ik-
-TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 8.- Railroad Retirement Account
(In tollllona of tjollars)
Expenditures other than investments
Receipts
Fiscal year
or month
Appropriations 1/
1936-50
1952
1953
195i
502.0
2,078.1
316.2
384.6
458.9
484.6
615.9
574.9
101.0
105.0
106.7
120.3
585.1
610.6
682.0
729.7
596.4
669.7
719.5
560.0
575.0
110.0
112.5
338.4
269.0
776.4 8/
813.4
U1.3
124.4
699.9
739.3
722.6
695.2
1959 (Est.)...
1960 (Est.)...
1,008.4
962.5 3/
1958-July
4,088.0
490.8
750.8
653.0
^
619.2 i/
Benefit
payments
Total
2,082.6
742.3
717.9
1955
1956 2/
1957
1958
Investments
238.5
70.2
78.9
89.3
98.7
i,326.5
561.0
829.7
1951
Transfers
from FOASI
Trust Fund
2/
y
598.9
634.3
3a.
390.7
465.1
2,057.6
3,345.3
186.4
69.4
59.8
59.1
72.5
^
6.3
6.8
7.1
8.6
114.8
128.6
40.5
-34.6
3,532.5
3,661.2
3,701.7
3,667.1
3,485.9
3,606.5
3,642.1
3,609.0
46.6
54.7
59.7
58.2
758.0
804.0
9.4
9.4
232.0
149.1
3,899.2
4,048.3
3,839.0
3,986.0
60.2
62.3
62.6
61.9
62.6
.7
.8
78.1
10.0
-18.9
3,745.2
3,755.2
3,736.3
3,680.2
3,693.9
3,677.3
65.0
1.0
.7
.7
.7
-41.5
6.2
-18.9
3,694.8
3,701.0
3,682.1
3,625.7
3,628.4
3,620.6
69.1
72.6
61.5
.7
.6
-46.9
1.0
7.8
-21.4
3,635.2
3,643.0
3,621.6
3,567.8
3,561.5
3,557.9
67.4
81.5
63.8
63.1
3,621.6
3,621.6
3,557.9
63.8
.2
U.5
44.0
.6
.5
October.
November
December.
21.9
69.1
20.6
67.8
43.7
1.3
1.4
1.0
63.6
62.9
15.6
73.0
U.3
1.3
71.2
U.7
42.9
1.8
1.9
62.5
65.2
66.1
61.8
64.6
65.1
1936 to date 6/ 10,563.9
9,421.0
1,018.5
6,942.3
6,843.8
62.7
62.3
124.4
2,244.0
2,483.9
2,922.9
3,201.9 6/
3,417.8
Unexpended
balance
9.6
7.4
5.2
1.6
4.9
6.1
6.1
569.3
72.2
U.7
4.5
Investments
5.8
16.7
1959- January..
February
March...
ejcpenaes
Assets, end of period
Net
Increase,
or decrease (-)
in assets
11.6
72.9
.
Administrative
2,244.0
240.0
439.0
277.2
215.9
September
Aiigust.
Transfers
to FOASI
Trust Fund
2/
Source
See Table 1
1/ Includes the Government's contribution for creditable military service
Beginning 1952, appropriations of receipts
(45 U.S.C. 228c - 1 (n).
are equal to the amount of taxes deposited in the Treasury (less refunds) xinder the Railroad Retirement Tax Act, and transfers are made
currently subject to later adjustments (see Budget Receipts and Expenditures, Table 1). For prior years, appropriations were Included
here when made, but were Included in Table 2 when the funds were
transferred from the general fund. Beginning 1954 Includes unappropriated transfers of tax receipts.
2/ Pursuant to the financial interchange provisions of the Railroad
Retirement Act, as amended October 30, 1951 (45 D.S.C. 228e (k)).
:
35.4
2/
U
8/
2/
2,4U.5
2,863.1
3,U2.8
61.3
59.0
Paid from the trust fund beginning 1950 (63 Stat. 297).
Includes unappropriated receipts beginning fiscal year 195A.
Appropriations reduced by $19.8 million in November 1951 and $18.7
million in August 1953 and these amounts transferred to surplus
(65 Stat. 755; 67 Stat. 2^5).
Includes adjustmenta to monthly statement basis.
Includes adjustment due to reporting change to a collection basis.
Includes $9 million estimated transfer to Federal disability insurance
trust fund.
Includes $6 million eatimated transfer from Federal disability insurance trust fund.
Table 0«- National Service Life Insurance Fund
(In millions of dollars)
Expenditures other
than investments
Receipts
Fiscal year
or month
PrenilumB and
other receipts
1941-50
1951
1952
Transfers from
general fund
1953
1954
9,759.2
683.7
786.0
636.6
619.3
4,604.6
480.1
426.4
397.7
390.8
4,160.2
43.4
203.5
84.0
1955
1956
1957
1958
590.5
649.3
607.5
639.8
405.5
410.2
424.8
459.1
27.8
78.4
19.3
1959 (Eat.)...
1960 (Est.)...
647.0
659.2
n.a.
n.a.
1958-July
August. .
September
39.8
39.0
39.3
39.3
35.9
35.8
October..
November.
December.
39.6
34.8
34.2
36.7
33.4
32.9
2.9
46.7
.8
38.2
42.2
45.8
36.9
40.9
15,322.7
8,339.9
1959-Janu»ry.
February
March
1941 to date
,
Interest on
investments
Benefits
and refunds
Net increase
or decrease
Special
dividends
(-),
Assets, end of period
m
Invest-
assets
1,730.4
391.4
455.5
434.2
444.7
2,633.0
222.2
540.8
153.8
177.8
5,395.8
70.1
382.9
154.9
ments
Unexpendad
balance
-3.3
5,395.8
5,465.9
5,255.6
5,304.3
5,301.0
5,342.1
5,435.6
5,190.6
5,249.5
5,272.5
53.6
30.2
65.0
54.8
28.5
52.6
137.3
92.5
96.2
5,353.7
5,491.0
5,583.5
5,679.7
5,345.6
5,481.1
5,570.3
5,665.3
8.0
9.9
13.2
14.4
n.a.
72.0
85.9
5,751.6
5,837.5
5,745.4
5,830.5
6.3
49.0
47.9
41.2
49.0
47.9
41.2
-9.2
-8.6
-5.3
5,670.5
5,661.8
5,656.5
5,659.3
5,653.3
5,646.3
11.1
8.5
10.2
.1
.1
.1
i7.0
42.1
47.0
42.1
40.5
-7.4
-7.3
-6.3
5,649.1
5,641.8
5,635.5
5,640.3
5,632.3
5,625.3
8.8
9.5
10.2
i8.4
47.2
51.0
48.4
47.2
51.0
-1.7
-9.0
-8.8
5,633.8
5,624.7
5,615.9
5,621.3
5,616.3
5,611.3
12.5
1.2
1.1
.1
.1
.2
4,712.3
2,270.5
9,706.7
9,706.7
5,615.9
5,615.9
5,611.3
4.6
994.5
160.3
156.2
154.9
156.4
4,363.4
613.6
U.4
157.2
160.7
163.4
166.2
537.8
512.0
515.0
543.6
D.a.
n.a.
n.a.
n.a.
575.0
573.3
72.1
1.3
1.2
Source: See Table 1.
Mote: This fund was established by the National Service Life Insurance Act
of 1940 08 D.S.C. 805).
996.3
588.0
622.6
40.5
512.0
515.0
543.6
Less than 150,000.
Not available.
-ao.2
48.7
7.0
May
1959
15
-TRUST ACCOURT AMD OTHE» TRANSACTIOHS
Table 10.- Inveetmente of Specified Trust Accounts In Public Debt Securities,
by Issues, as of March 31, 1959
(In
millions of dollflrs)
Federal Old-Age
and Survivors
Insurance Trust
Fund
Railroad
Retirement
Account
Public issues:
Treasury notes
3-1/2%
-
4
-
3-5/8
-
4
-
3-3/4
2-5/8
-
Series
Series
Series
Series
Series
Series
47.5
119.1
176.0
15.0
20.0
A-1960
A-1961
A-1962
B-1962
C-1962
A-1963
30.0
Treasury bonds
-
1959-62 (dated 6/1/45)
1959-62 (dated ll/15/i5)....
.9
2-l/4«
2-1/4
2-3/4
-
2-1/2
2-1/2
2-1/2
-
1961
1962-67
2-1/2
2-1/2
2-1/2
-
1963-68
1964-69 (dated 4/15/43)
1964-69 (dated 9/15/43)
116.5
26.3
77.8
2-5/8
2-1/2
-
1965
1965-70
1956
1966-71
225.4
456.7
25.0
308.1
11.5
2-1/2
2-1/2
2-1/2
-
1967-72 (dated 6/1/45)
1967-72 (dated 10/20/41)...
1967-72 (dated 11/15/45)...
2.6
152.2
9.8
2.6
2.3
1.8
4
-
26.5
3-7/8
3-1/4
25.0
25.0
4
-
3-1/4
3-1/2
-
3
-
2-3/4
-
3
2-1/2
-
-
1%1
3.3
2.0
10.4
58.6
4.5
1963
1969
1974
1978-83
1980
8.5
25.0
45.1
18.0
1985
1990
1995
Investment Series B-1975-80
11.4
6.9
28.1
3.2
63.8
85.2
1,064.9
Total public issues
3,216.2
126.4
Special issues:
Certificates
2-1/2%
2-5/8
-
-
Series 1959
Series 1959
2,686.0
5,828.3
Notes
3*
-
2-1/2
-
Series 1959 to 1963
Series 1959 to 1963
-
Series 1963-1968
3,431.5
,
3,860.0
Bonds
2-1/2$
Total special issues
Net una-nortized premium and discount
4,825.0
17,199.3
-4.0
Accrued interest purchased
Total investments
Source:
*
Bureau of Accounts,
Lass than $50,000.
20,411.6
•:
UneTiployment
Trust Fund
Treasury Bulletin
16
.CASH INCOME AHD OUTGO.
The ca6h Income and outgo data
"Treasury Bulletin," beginning with
Issue, are on a basis consistent with
payments to the public as derived In
appearing In the
the February 195^
receipts froci and
representing cash received from the public. Federal cash
borrowing from the public Includes net borrowing by the
sequent Budgets of the United States, Special Analysis A.
Treasury through public debt transactions and also net
borrowing by Government agencies and Government-sponsored
enterprises through sales of their own securities.
Reconciliation to cash deposits and withdrawals In the
It excludes changes In the public debt which do not rep-
account of the Treasurer of the United States Is shown on
resent 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
the 1957
the same basis as In the Budget documents.
a"<5
sub-
There Is also
shown the amount of net cash borrowing from, or repayment of
borrowing to, the public.
By these arrangements, data In
account and In cash held outside the Treasury.
accordance with the Budget classifications are made availFigures for back years have been
able month by month.
Cash transactions through the Treasurer's account are
revised where necessary In order to raaie them as nearly
sli.llar In general concept to those Included In the Budget
but are limited In coverage to transactions whlab
comparable with the Budget classifications as available
series,
data will permit.
affect the balance In that account. On the other hand,
they Include receipts from the exercise of monetary
For this reason certain of the flgiores
differ somewhat from those published In earlier Budget
documents as well as In the Bulletin,
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
Includes transactions not cleared through the Treasurer's
Beginning with figures for the fiscal year 1953. ^he
series of transactions with the public Is based on the
"Monthly Statement of Receipts and Expenditures of the
Receipts and payments Include transactions both
United States Government," which Is compiled from reports
In budget accounts and In trust and deposit fund accounts.
Operations of Government-sponsored enterprises are Included
In payments on a net basis as reflected In Treasury reports.
by all collecting and disbursing officers and Includes
those transactions not cleared through the Treasurer's
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
account.
Noncash Items which represent accrued obligations of the
Government to make payments In the future are also eliminated
from expenditures but are added later when actual payments
are made.
Receipts from the exercise of monetary authority
(mostly seigniorage on silver)
are
excluded
as
not
account.
Cash deposits and withdrawals In the Treasurer's
reported In dally Treasury statements.
For those years
prior to 1953 both cash transactions series are based on a
single source, namely, the earlier basis of dally Treasury
statements which reported separate classlf Icat lens for
trust account transactions, etc.
budget results,
May 1959
17
.CASH INCOME AND OUTGO
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In mllllonB of dollars)
Fiscal year
or month
1951
1952
1953
1951.
Net caah tranaactlons with the public
other than borrowing
Federal receipts from
the public
Federal payments to the
public
53,390
68,013
1.5,797
67,961.
7,593
71,1.99
76,773
71,860
70,538
-5,271.
Excess of
receipts, or
payments (-)
1.9
Plus: Net cash
borrowing from
the public, or
repayment (-)
-5,796
-505
2,919
2,512
1,809
Plus:
Receipts from
exercise of
monetary
authority
1.3
68
56
73
Sluala:
Change In cash balances
Treasurer's account
balance. Increase
or decrease ( -)
Cash held outside
Treasury, Increase,
or decrease (-}
1,839
-388
-2,299
2,096
-551
-312
331
-202
1955
71,627
67,836
1956
1957
1958
77,088
82,107
81,893
72,617
80,008
1959 (Set.)...
i960 (Eat.)...
81,651
93,502
91., 899
92,875
1958-Julj
August.
Septembar
3,781.
6,551.
7,912
-i.,128
7,591.
-1,01.0
7,936
8,283
-31.8
-1,371.
October.
November.
December.
3,596
6,231
6,791
8,028
7,200
8,522
-'.,'.32
i.,027
2
3,003
51
3
-565
1,991
161
-969
-1,732
1.
-1,561.
-113
1959 -January..
5,OU9
7,998
9,581
7,585
8,025
7,124
-2,536
-28
2,457
3,51.6
1
957
51.
February
March..
-627
-6U
-7
-3 ,253
3
5
-836
45
1959 to date.
57,520
70,275
-12,755
7,379
26
-5,311
-39
.
.
83,1.13
-232
-2,702
i.,l.71
2,099
-1,520
-13,21.8
626
Source:
Actual figures through 1952 are based on the dally Treasury
statement and thereafter they are baaed In part also on the monthly
statement of receipts and expenditures of the Government (for
29
J., 366
-3,100
5,760
23
257
1.9
-956
5
59
l»,159
11.0
8,516
-686
60
60
-.,31.9
-323
-569
2
2,575
3
1,21.9
288
3
-1,269
-1.50
-l.,630
-65
1.6
explanation of reporting bases, see page II); estimates are from
the i960 Budget document, released January 19, 1959, Including
effects of proposed legislation.
Table 2.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)
a
..
.
Treasury Bulletin
1&
CASH INCGME AND OUTGO
Table 3.- Derivation of Federal Governnent Recelpta
the Public* and Reconciliation to
fl'oin
Cash Deposits in the Account of the Treasurer of the United States
(In
Leea:
Receipts
Flecal year
or month
(net)
1951
1.7,568
1952
1953
61,391
1951.
61., 655
60,390
61.
1955
Ezcesa
proflta
tax refund
bond redeoptlona
1/
IntragoTemBudget
,825
mental
transactions
(See Table 5)
Truat
account
7,796
8,807
8,929
9,155
9,536
55,361.
70,198
73,751.
73,811
69,926
mlUlooa of dollare)
Deduotlona fron receipts
1,930
2,116
2,199
2,110
2,061
Receipt
from
exercise of
mccetary
authority
1.3
1,971.
68
2,185
2,255
2,183
2,090
56
73
29
7,936
3
93
198
217
560
3,596
6,231
6,791
2
-1.02
3,197
3
150
6,381.
It
1.8
6,81.3
1
^37
5,01.9
1
-165
l.,885
3
i;l5
3
5
167
7,998
9,581
-210
730
7,791
10,315
60
60
2,91.6
11,838
1,111
1,956
885
l.,057
271
236
2
6,793
8,091.
155
3
1,025
1,U86
1,171
3,791.
195
2
6,W.8
7,351
211.
3
556
1.
759
1,637
1,322
5,287
236
212
162
It, 075
3
Details of basic receipt figures appear In
refund deductions frcn receipts vben issued
deductions when redeemed.
See Table 1.
preceding sections
Treated as noncash
and as cash refund
82,0911
1.65
3,871.
l.,015
1/
11.1
-1.88
85,585
97,577
Som-ce:
77,079
81,875
59
3
17,585
20,U77
8,213
9,748
U9
2
68,000
77,100
6,576
8,426
71,815
67,758
-32
-281
73
3,781.
6,551.
1959 (Kst.)...
i960 (1st.)...
l.,528
29
71,31.5
273
239
158
59
6,180
71,627
67,836
53,1.33
68,081
•210
llU
-107
60
60
1.9
3,1.93
1959-Jenuarj .
February
March...
56
68
81,651
93,502
23
3,21.2
l>,962
71,1.99
3,931.
2,739
85,'.1>6
7,208
1.3
23
79,851
85,397
2,769
53,390
68,013
Cash
deposits
Adjustaent for
In the
net difference
Treasur.r*
due to reportaccount
ing method (See
also Table k)
77,088
82,107
81,893
11,685
1U,369
16,329
October.
RoTenber
December.
Plus: fiecelpts
frcn exercise
of monetary
authorltj 2/
nualsi
2,763
3,290
3,553
68,165
71,029
69,117
August . .
September
Total doductlona
2/
1956
1957
1958
1958-Julor
Beconolllatloa to cash transactions In Treasurer's accoint
Blu&ls:
Federal
receipts
fron the
public
2/
In the Bxilletln.
*
5
81,711
93,568
3,298
7,023
8,031
CoDBlstB of seigniorage and the inorement resulting from reduction
In the weight of the gold dollar; excluded froo receipts from ths
public but Included in cash deposits in the Treasurer's account.
I.SS than (500,000.
Table 4.- Derivation of Federal Goverimient PaynentB to the Public, and Reconciliation to
Cash Withdrawals from the Account of the Treasurer of the United States
(In millions of dollars)
May
1959
19
_ CASH UrCCME AND OUTGO
Table 5.- Intragoverninental Transactions Excluded
(In mllllans of dollurs)
.
frooi
Both Receipts and Payments
..
,
20
Treasury Bulletin
.
CASH INCC»IE AND OUTGO
.
Table 7.- Derivation of Federal Government Net Cash Debt Transactions with the Public,
and Reconciliation to Net Cash Debt Transactions through the Account of the
Treasurer of the United States
(Net borrowing, or repaynent of borrowlne (-); in
mllHone of dollars)
Change In public debt and agency obligations held by the public
riacal year
1951
1952
1953
195^
Public debt
Increase , or
decrease (-)
Plus: Net sale of obligations
of GoTenanent enterprises In
the market
Public and
trust enterprise funds
1955
-2,135
3,883
6,966
5,189
3,115
602
1956
1957
1958
-1,623
-e,22U
5,8l6
1959 (1st.)...,
i960 (Kst.)...,
8,657
1958-July
August.
September.
-877
,
.
.
.
October..,
November..
December..
3,51.6
2,81.8
1959 -January. ,.
February.
2,879
-697
-3,069
March
Leas:
Fiscal year
or month
y
371.
-186
Trust
3,369
3,355
3,068
33
-11.
11
269
1,686 1/
1,236
1,085
567
872
86
-167
2,516 2/
2,262
105
101
36
91
277
556
380
-508
810
-31
10
73
-3
-32
120
1U6
-139
10,209
£68
-288
-311.
-15
-8
-1.98
163
-323
26
9
-79
-su
2,626
-1,311
126
56
-520
-219
-250 2/
71.8
-2
•
J.
-7U
57
206
-1,062
-63
6
47
64
-51
U,210
7
-61.
3,11.4
11
-121.
197
15
16
201
3,61.7
7
175
22
-3 ,108
-563
Deductions for noncash and other transactions
Issuance of public debt securities representing expenditures, or refunds of receipts
^
Adjusted
service
bends
6/
Armed
farces
leave
bonda 6/
Notes to
Zntematloaal
Mcnetarj
Fund 6/
Bzcess
profits
tax
refund
bond a jj
Total
deductions
B}uBls:
Net cash
borrowing
frcm the
public, or
repayment
1951.
52U
-lU
1955
U97
-8
109
156
618
6UU
1956
1957
1958
1.56
-7
-6
175
-671.
251.
-It
-J150
1959 (Est.)....
i960 (Est.)....
525
uoo
-2
-2
1,170
1958-July
August..
September.
65
lU
-13
56
October. ..
November..
Deoeaber..
123
lUl
76
70
11.5
1959 -January...
February.
uo
-9
50
March
-16
Less:
Transactions
not
reflected
in
the
Bluals:
Net cash
barrow li^
through
the
Treasurer's
account 8/
(-)
722
See Table 1.
2,U5l.
-3,392
5,560
680
Source:
3,61.0
3,130
171
-3,71.3
13
-9
56
153
1.U6
1.1
28
.
-5,308
175
5lt9
-21.
388
8U
179
B]uals:
Increaae In
securities
held by the
public, or
decrease (-)
U61
-160
-68
1953
sponsored
enterprises
101.
101
79
-77
126
638
758
718
1951
1952
Goremnent-
Public
enterprise
funds
fmds
-59
-37
-28
-138
Net
accrued
interest
on
savings
bonds and
Treasury
bills
10
UU
173
3,009
-1,810
Governmentsponsored
enterprises
Net Investoent In Federal
securities by Goremment agencies
Less:
Treasurer's
account, or
repayment {-)
-5,796
-505
2,919
2,512
1,809
79
170
155
256
623
-292
-200
-l.,366
399
-J.,
-3,100
5,760
51.9
-3,61.8
506
5,253
1,693
398
8,516
-686
70
51
63
2,575
17
7
-1,37".
1.6
61
183
i»,oe7
l<3
lUl
3,003
51
21
18
33
3,51.6
18
U
101
64
-627
69
3,527
-695
161
U5
-3 ,253
ec
Footnotes on follovlng page.
1.89
-569
230
-5,875
-67".
2,763
2,255
1,579
765
8,516
-686
69
-638
2,558
-l.kSl
3,983
2,982
-3 ,333
May
1959
21
CASH INCOME AND OUTGO
Footnotes to Table 4
Net operating expenditures, or recelpte (-), as aeaeured by fmda
provided by or applied to net security tranaactlone reflected In
Treasury reports (see Table 7). To a large extent, these GoTemmontaponsored enterprises secure funds for their operations by direct
borrowing fron the public or by cashing Federal Becurliles which
they hold, and they apply the net Income received from operations
to repayment of borrowing from the public or to Investment In Federal
securities. On that basis, net expenditures for operations are
shown In this table in terms of the combined net of dlalnveetment In
Federal aecurltlea and sale of agency obligations In the market
gy
i/
y
2/
and net receipts from operations are shown in terms of the combined
net of Investment In Federal securities ani redemption of agency
obligations In the market,
Not reported prior to 195U.
See Table 7, footnote 1.
Does not Include revolving fund receipts representing acquired
securities amounting to $1,61*3,070 (par value).
Dil'ters frcra monthly statement of receipts ana expenditures for
December 1958 because of error in classification in that
statement.
Footnotes to Table 5
1/
2/
^
i^y
Federal Intermediate credit bank franchise tax through December 1956
and, beginning 1953, also reinbureement by Panama Canal Company for
expenses and services.
Includes reimbursement by Federal Old-Age and Survivors Insurance
Trust Fund and Federal Disability Insurance Truet Fund for Administrative expenses, and also for refunds of taxes (treated as an
offset to refunds rather than being credited to receipts) beginning
with 1953 for the former and 1959 for the latter; re lmbursen»nt by
Highway Trust Fund for refunds of taxes; relmburaement by the District
of Columbia; payment of dividends, interest, etc., by Federal National
Mortgage Association's secondary market operations; and Federal
intermediate credit bank franchlae tax and repayment of capital
atock to the Treasury after December 1956 and before January 1959.
Consists of payment of earnings and repayment of capital stock to
the Treasury through 1952; and payment of franchise tax by banks
for cooperatives beginning 1955, and by Federal intermediate credit
banks beginning January 1959.
Includes relatively small amounts of deductions from salaries paid
by trust funds and Govemment-Bponsored enterprises.
Beginning with
fiscal year 1958 excludes deductions from salaries of District of
^
6/
*
Columbia employees (aee footnote 6), and beginning with fiscal year
1959 excludes voluntary contributions.
Consists of payments to employees' retirement funds representing
United States and Government corporation shares of contributions;
payments to the Railroad BetlreEKnt Ac^oimt (for creditable military
service), the Unemployment Trust Fund, veterans' life Insurance funds,
Judicial Survivors Annuity Fund, trust fund for technical services
and other assistance under the agricultural conservation program, and
District of Colimbla; and awards of Indian Claims Commission.
Includes payment by District of Columbia to the Civil Services retirement fund for Its share of contributions, and beginning with 1958
also deductions from its payroll; payments between Railroad Retirement Account and Federal Old-Age and Survivors Insurance Trust Fund;
transfers from Civil Service retirement fund to Foreign Service
retirement fund from 1955 through 1957; and transfers from Railroad Unemployment Insurance Administration Fund to Unemployment
Trust Fund through 1955.
Leas than $500,000.
Footnotes to Table 6
1/'
2/
i/
i*/
Accrued discount on savings bonds and bills less interest paid on
savings bonds and bills redeemed.
Public debt Interest due and accrued beginning June 30, 1955, effective
date of the change in accounting and reporting from a due and payable
basis to an accrual basis; for 195^, consists only of public debt
interest checks and coupons outstanding; net increase, or decrease
(-).
Not reported as a separate clearing account prior to 195^Treated as noncash expenditures at the time of Issuance of the
securities and as cash expenditures at the time of their redemption;
net issuance, or redemption (-).
Issued in 1936 in exchange for adjusted service certificates held by
^
6/
2/
•
veterans of World War I. The bonds matured in 19^*5
Issued in 19^*7 in payment for accumulated leave. The last of these
bonds matured In 1951.
Part of the United States subscription to the capital of the International Monetary Fund was paid In the form of nonlnterest-bearing
nonnegotlable notes payable on demand (see 19^7 Annual Report of
the Secretary of the Treasury, pages U8, 350, and 385).
Checks outstanding less deposits In transit, and changes In other
accounts; net Increase, or decrease (-), Prior to 195** Includes
also public debt Interest due and unpaid (see footnote 2J.
Lees than $500,000.
Footnotes to Table 7
In this table, beginning 195^*, in accordemce with treatment In Budget
documents, net Investment in United States securities by Governmentsponsored enterprises includes a small amount by other enterprises
regarded as representing net transactions with the public. In Table k
under "Trust Account and Other Transactions," these amounts are included in truet and deposit fund account investment.
2/
1/
Does not Include Investments representing acquired securities amounting
to $1,6U3,070 (par value) and donation of securities amounting to
$U5,600 (par value).
Differs from monthly statement oi receipts and expenditures for
December 1958 because of error in classification in that statement,
kj
^
6/
2/
8/
**
Accrued discount on savings bonds and bllla, which Is included In the
principal of the public debt, less interest paid on savings bonds and
bills redeemed.
Treated as noncash transactions at the time of Issuance and ae cash
transactions at the time of redemption; net Issuance or redemption (-).
Excluded from borrowing because the transactions are treated as expenditures in Table 6.
Excluded from borrowing because the transactions are treated as deductions from receipts In Teble 3«
Market transactions in public debt securities and agency obligations.
Less than $500,000.
Treasury Bulletin
22
.
ACCOUBT OF THE TREASURHl OF THE UNITED SffATES
.
Source and Availability of the Balance In the Treasurer's Account
The account of the Treasurer of the United States
reflects not only budget receipts and expenditures but
also trust, deposit fund, and public debt transactions.
account to the tax and loan account In the saiie bank. On
occasions, to the extent authorized by the Treasury,
The working cash of the Treasury Is held mainly In
their own account as well as for the account of their
Treasurer's accounts with Federal Reserve Banks and
branches.
As
banks are permitted to deposit in these accounts proceeds
from subscriptions to public debt securities entered for
customers.
the balances In these accounts become de-
they are restored by calling In (transferring)
The tax and loan account system permits the Treasury
funds from the tax and loan accounts with thousands of
commercial banks throughout the country.
to leave funds In banks and In the communities In which
pleted,
Deposits to tax and loan accounts occur In the
normal course of business under a uniform procedure
they arise until such time as the Treasury needs the funds
for Its operations.
In this way the Treasury Is able
to neutralize the effect of Its
fluctuating operations
on bsink reserves and the economy.
applicable to all banks whereby customers of banks deposit
with them tax payments and funds for the purchase of
Government securities.
In most cases the transaction
Involves merely the transfer of money from a customer's
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
of the Treasury for 1955,
pages 275-2Sll.
Table 1.- Status of the Account of the Treasurer of the United States
Ma]) 1959
23
,
ACCOUNT OF THE TREASURER OF THE UNITED STATES
,
Table 2.- Analysis of Changes in Tax and Loan Account Balances
(In mlllloDB of dollare)
Fiscal year
or month
Proceeds from sales of securities 1/
Savlnge
bonds
3,390
2,226
2,667
1951
1952
1953
195k
3, I* 57
U,U2i»
1955
1956
1957
1958
3,810
2,976
2,821»
1957-Uecember.
223
1958- July
August.
September
266
22U
209
October.
November.
December
212
192
.
.
1959 -January.
February
March
Savings
notes
During period
Tax
anticipation
Withheld
and
excise 2/
securities
Withdrawals
2U,128
''1,267
itl,6UU
21,716
37,066
k3,303
39,879
5,680
5,106
3,071
U,836
lt2,5U5
"•,365
38,871
6 000
50,908
^,633
5, ''86
li,082
3,533
1,620
-287
5,0U1
U,30U
10,331
13,579
15,859
19,898
6,971
13,270
10,227
5,977
6,035
8,167
20,538
23 ,897
6,568
13,513
26,709
27,881
2,967
U,6ll
U,152
Us, 07''
786
5,01'3
7,903
55, Ok
5^8
2,762
6,861
2,922
3,553
3,653
3,367
1,099
33
27
Average
High
'',791
1,1'31
3,208
3,255
5,1.09
1,'*25
950
7, '•93
l,6'i9
7,299
8,218
6,078
8,869
1,910
1,103
813
1,078
'',033
3,08U
3,589
1,710
2,779
6,7'>5
6,576
5,237
3,262
k,769
3,535
8,055
5,Uoo
3,262
1,975
'',531
39,1''0
it5,i»i.S
186
6,293
8,776
36,1193
It
l
,
I.
,212
3,870
3,991
3,373
2,987
3,2U6
5,263
1,168
2,968
2,783
1,2 18
U,210
5,UUli
'•,513
1,281.
3,218
1,086
23
U,97U
6,025
5,593
U,062
5,523
2,916
14,998
1,91.8
3,629
11,879
5,265
3,201'
3,U68
'',355
1,557
1,728
U,l69
5,427
5,697
u,05it
It, lit
I*
912
3,454
2,787
3,951
4,989
2,465
1,754
2,685
3,365
2,884
2,901*
2,71'6
2,930
of
period
EJid
^
5,2l'3
23't
290
237
231
Total
credits
2,l<51
3, '•37
U,679
2,231
2,333
Income ( by
special
arrangement)
1,133
i»,113
1,060
3,i58
18
"•,755
3,077
1,694
4,827
5,030
3,133
_L
Source: Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
1/ Special depositaries are permitted to malte payment In the form of
a deposit credit for the purchase price of lilted States Government
obligations purchaeed by them for their own account, or for the
account of their customers who enter subBcrlptlona through them,
when this method of payment Is permitted under the terms of the
circulars Inviting subscriptions to the Issues.
2/ Taxes eligible for credit consist of those deposited by taxpayers
Withheld Income tax beginning
In the depositary banks, as follows:
^
March 19'.8; taxes on employers and employees under the Federol
Insurance Contributions Act beginning January 1950, and under
the Railroad Retirement Tax Act beginning July 1951; and a
number of excise taxes beginning July 1953.
under a special procedure begun In March 1951, authorization
may be given for Income tax payments, or a portion of them,
made by checks of $10,000 or more drawn on a special depositary
bank to be credited to the tax and loan account In that bank.
This procedure is followed d'jrlng some of the quarterly periods
of heavy tax payments.
..
.
-
.
,
)
-
Treasury Bulletin
2n-
.DEBT OOTSTANDim.
Table 1.- Summary of Federal Securities
(In rollllona of dollnre)
Total outatandlng
of
riocal
year or
month
E>id
Intereet-beerln*? debt
GuaranPublic
debt
Total 1/
1951
1952
1953
2(1(3,123
271, SM
195''
1955
1956
1957
1958
27''
teed
securltleo 2/
255,222
259,105
266,071
271, 2(0
255,251
259,151
M^
Public
lib
252,879
256 ,907
52
2(13
81
271,785
269 ,956
268,592
I4I4
270,63'*
272,751
270,527
276, '''I'l
276,3''3
1957-DPcamber.
275,002
27''
1958-Jiaj
Auguat.
September
275,568
275,li66
278,1' 76
276,1166
102
27''
278,581'
276,78't
108
118
277,058
275,152
October.
November
December.
280,323
283,167
263,031
280,211
283,060
282,922
112
107
109
278,6T2
281,531
280 ,9'' 7
285,907
285,801
10b
285,:? 16
28'., 104
112
282,153
.:82,03/.
119
.
1959 -January..,
February.
March ....
7''
107
101
27''
27
252,852
256,86!
26 i ,9l'6
268,910
,947
268 ,940
269,883
268, U86
27''
,898
''3
2,63''
2,633
73
2,869
2,0U2
2,868
1,6''6
272,87''
,011
273,910
276,951
lOti
275, OCi
117
278,561
111
281, ''25
106
108
101
280,839
283,808
283,913
283, 3 5i
280,207
105
111
118
283 ,243
280,089
Source:
Dolly Treasury atatement.
1/ Includee certain obllgatlona not subject to statutory limitation.
For amounts subject to limitation, see page 1.
2/ Eicludee guaranteed securities held by the Treasury,
j/ Conalata of Federal Housing Administration debentures beginning
March 1953.
Special notes of Uie United Statee Issued to the In ternal lonfll
i^y
2,370
2,2U2
2,125
2,350
51
80
106
101
,698
Mone tnry
fVnd li/
2,372
2,2UU
2,126
2,351
Uli
271,7''l
,798
Public debt
teed
aecurltleo 2/ 1/
debt.
29
27'', 37''
272,825
Matured debt and debt bcnrlnft no Int^-reot
Guaran-
512
1,283
'119
1,27''
J
575
550
298
1,302
V5
'•37
l,''ll
502
1,567
''77
1,7''2
l,0^i8
''60
1 ,6l'6
589
666
529
597
618
''30
2,025
2
,02''
811
7U6
''37
1,557
1,526
1,662
1,556
1,525
1,661
U97
632
619
626
''27
611
1,651
1,636
1,650
1,635
5^1
l'2j
2,081'
2,081'
903
6B7
687
757
1,993
1,861
1,945
822
7''6
U22
677
762
603
9.^3
422
419
1,99''
1,861
1
,946
2,0l'2
liBl
52I'
Guaranteed
eecurltles 2/
(mnturcd
Other
'I'l'l
lt25
l'2li
''.••I'
''23
In payment of part of the United Statee eubacrlptlor.
pureuant to provlelone of the Eretton Woode A^eementa Act. The
notee benr no Interest, are nonnegotitible nnd are paynble on
Monetflrj' Pund
,
dernmid
J
Includee savjiwe atnmpB, exceee profits tux refund bonds, aiid
currency Items.
For current month dettiH, see "Statutory Debt
Limitation," Table 2.
Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounta In mllllone)
Computed annual Interest rate
Total intereat-bearlng aecurltlee
Bhd of
flBcal yetix
or month
Amount
outstanding;
Computed annual
Intereet charge
Public debt
Guar-
Total
Marketable isauea
Intereet-
Public debt
and guaranteed socurltlee 1/
Public
debt
Public debt
and guaranteed aecurltlee 1/
bearlnfe
Public
debt
aecurltlee
Totul
public
debt
2.270
2.329
2.U38
2.270
2.329
2.U3e
2.3I12
2.3''2
2.351
2.351
2.576
2.730
2.038
2.576
2.730
2.638
252 ,852
256,363
263 ,9''0
268 ,910
1955
252 ,879
256,907
263,997
268,990
271,785
271,7''!
6,300
6,388
1956
1957
1958
269,956
268,592
27'', 798
269 ,883
268 ,'.86
6,952
7,328
27't
,698
7,2''8
6,950
7,325
7,2U5
1957-December.
272,977
272,87''
7,878
7,876
2.889
1958-July
August.
September
27''
,011
273,910
276,951
7,210
7,019
7,088
7,206
7,016
7,085
2.632
2.632
7,367
7,533
7,667
7,868
7,836
1951
1952
1953
195''
.
.
277,058
275,122
275,001'
5,7'»0
5,7''0
5,982
5,981
6,U31
6,298
6,387
6, ''32
October,
November.
December.
278,672
281,531
2eo,9''7
280,839
7,370
7,536
7,5^6
1959-Jnnunry .
Fsbruary.
March
263,913
283,354
280,207
283 ,808
283,243
280,089
7,670
7,871
7,839
278,561
281,1'25
7,5''3
Total
2j
1.981
2.051
2.207
2.OU3
2.079
2.U27
2.707
Bills
1.569
1.711
2.25''
.8'.3
1.539
Nonmarket
Certif-
Treo9ia-y
icates
bonds
i/
2.62J
2.659
2. 720
2.751
2.789
2.606
2.675
2.T'6
2.671
2.585
2.590
2.l'85
2.82'.
2.806
2.U82
2.576
2.653
2.892
2.705
2.635
2.630
2.606
2.611
2.622
2.327
2.317
2.3V2
1.875
1.875
2.319
1.928
1.173
1.399
1.560
1.838
1.8^6
2.'' I'D
2.025
2.075
3.3''5
2.50''
3-330
1.751'
2. It 80
2.C56
2.578
2.575
2.5l'7
2.5''b
2.965
3.510
3.699
2.866
2.505
2.875
2.639
2.619
2.53''
3.329
2.361
2.361
2.801
2.790
2.785
2.575
2.585
2.592
2.895
2.897
2.899
2.633
2.035
2.627
2.625
2.629
2.902
2.912
2.915
2.918
2.53''
2.53''
2.37''
2.577
2.577
2. ''''3
2.61'7
2.6''7
2.679
2.689
2.679
2.689
2.556
2.610
2.62U
2.512
2.836
2.930
2.361
2.361
2.212
2.823
2.823
2.95''
2.592
2.592
2.592
2.701'
2.70''
2.6''9
2.781
2.801
2.781
2.769
2.799
2.960
2.995
3.020
2.212
2.599
2.713
2.995
3.276
3.266
2.607
2.608
2.608
Source: Dally Treasury statement.
Note: The computed ruinual Interest charge represents the amount of
Interest that would be paid If each Interest-bearing Issue outstanding at the end of each montli or year should remain outstanding for a
year at the applicable annual rate of Interest. The charge la computed for each laeue by applj'lng the appropriate annual Interest
rate to the amount outstanding on that date. The aggregate charge
for nil Interest-bearing iaaues c<3ilflt Itutes the total computed
annual intereat charge. The average annual Interest rate Is computed
anteed
3rcurl
ties
2.651
3.197
1.033
.951
1.185
1.702
2.801
Hble
laaufe
Special
Issues
2 .901'
2.909
2.637
2.61'0
2.61.3
2.6U6
2.6'.8
2.650
2.638
2.623
2.621
2.620
2.618
2.612
by dividing the computed annual Intereat charge for the total, or
for any group of Issues, by the corresponding principal amount.
Excludes guaranteed securities held by the Treasury.
Total Includes "Othfr bonds"; see Table 3.
Included in debt outstanding ut face amount, but discount value is
used in computing annual Interest charge and annual Intere.^'t rat«.
The annual Interest ch'irge and annual Intercct rate on United
States savings bondy are -Computed on the basis o\' the rate to
natui-lty applied against the amount outstanding.
May 1959
25
.EEHT OUTSTANDING.
Table 3.- Interest-Bearing Public Debt
(In millions of dollora)
-
-
.
.
Treasury Bulletin
26
.IKBT OtTTSTANDBG-
Table 5.- Special Issues to United States Government Investment Accounts
(In mllllone of dollare)
Federal
Deposit
Insurance
Corpora
tloa
Bid of fiscal
year or month
1951
1952
1953
195^
1955
3'>,653
37,739
•0,538
U2,229
I13
,250
1956
1957
1958
''5,1114
Federal
Disability
Insurance
Trust
Fund
868
888
8U6
892
835
Federal
heme
loan
banks
Federal
Old -Age
and
Survivors
Insurance
Trust Fund
Federal
Savings
and Loan
Insurance
Corpora
tlon
Federal
Government
enrployeee' Life
retirement Insurance
funds
Fund
77
50
12,096
86
l*,391
11*, 01*7
79
5,011*
50
232
200
15,532
61
5,602
1,300
1,300
1,299
Highway
Trust
Fund
National
Service
Life
Insurance
Fund
Postal Railroad
savings RetireSystem ment
Account
1/
5,191
706
552
5,1*36
UCiemploy
•
ment
Trust
Fund
Other
2/
2,l*lU
7,266
2,863
3,128
7,71*5
13
9
21*
5,21*9
1*52
17,051*
81*
5,851*
1,231*
5,272
213
3,31*5
8,287
8,02U
18,239
91*
6,168
1,233
5,31*6
91
3, '•86
7,1^79
79
19,1*67
19,'*63
6,667
6
3,600
1*01*
5,570
5,665
5
3,1*75
822
3,531
7,737
7,996
6,671
112
7,738
1,217
1,200
1,1W*
5,1*81
18,610
103
103
112
32
U6,2U6
673
718
673
325
996
50
165
1957-Deceiiiber.
'•5,799
61*0
580
50
18,519
83
7,311*
1,161*
587
5,51*0
3,209
8,038
70
1958-Julj
August .
September
'•5,877
'•6,313
'•5,996
673
1,027
1,112
1,163
165
165
165
18,300
90
1,138
6,'^1.1
12U
91*
5,659
5,653
18,327
96
1,131
865
807
813
3,581*
18,511*
7,811
7,905
7,981
3,598
3,581
6,529
6,287
127
129
October.
November.
December.
'•5,367
'•5,112
670
165
165
165
96
100
1,126
1,123
1,120
781
586
386
3,508
3,511
3,503
6,121*
6,181*
101*
8,019
8,071
8,12U
5,61*0
631
1,171
1,200
1,257
17,91*8
101,81*0
6,055
118
119
117
,907
698
710
712
1,253
1,296
1,363
165
165
165
17,182
17,067
17,199
108
110
112
8,163
8,225
8,279
1,115
1,110
1,105
282
356
410
5,621
5,616
3,'*'*1
5,759
5,652
5,426
133
1*6,827
.
1959 -January..
February.
March.
.
.
1*3
i3,870
43,940
675
676
623
52
17,797
17,753
Source:
D'lily Treaaury atatement.
1/ Conalate of Canal Zone Foetal Savings System beginning April 1958.
Consists
Farm Tenant Mortgage Insurance Fund (through March 1956J,
of:
2/
7,391*
l,13l»
5,61*6
5,632
5,625
5,605
3,435
3,431
Adjusted Service Certificate Fund (through December 1956),
various housing Insurance funds, and Veterans' Special Term
Insurance Fund
Lees than $500,000.
123
120
119
128
May
1959
27
.DEBT OOTSTANDHC.
Table 6.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In
mlHlone of dollars)
:
:
:
Treasury Bulletin
2S
STATUTORY DEBT LIKITATION
The Second Liberty Bond Act 3I U.3.C. 757 t)), as
amended by an act approved September 2, I95S, provides
that the face amount of obligations issued under authority
authorized as follows: $6 billion beginning on August 28,
195'^, and ending on June 30, I956 (acts approved August 28,
195'^. and June 30, 1955); 53 billion beginning on July 1,
of that act, and the faoe amount of obligations guaranteed
1956,
as to principal and Interest by the United States (except
1956); and I5 billion beginning on February 26,
(
guaranteed obligations held by the Secretary of the Treaaury),
standing at any one time.
$275 billion.
The corresponding limitation
19'*6,
I557 (act approved July
ending on June 30, 1959 (act approved February
1958,
26,
9,
and
195S
are Included In the statutory debt limitation at current
was
redemption values.
In addition, temporary Increases have been
Table 1.- Status under Limitation, Marcii 31, 1959
In
millions of dollars
Maximum araoimt of securities which may be outstanding at any one time under limitation imposed by the act
of September 2, 1958 (31 U.S.C. 757 b), as Increased temporarily by the act of February 26, 1958
288,000
Amount of securities outstanding subject to such statutory debt limitation:
U- S
.
Government securities issued under the Second Liberty Bond Act
,
as amended
281 ,614
Guaranteed securities (excluding those held by the Treasury)
119
Total amount of securities outstanding subject to statutory debt limitation
281,732
Balance issuable under limitation
Source:
6,268
Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding March 31, 1959
In
millions of dollars
Class of security
Public debt:
Interest-bearing securities:
Marketable
Treasury bills
Certificates of indebtedness.
Treasury notes
Treasury bonds
Panama Canal bonds
Total marketable
Nonmarke table
U. S. savings bonds (current redemption value).
Depositary bonds
Treasury bords , investment series
Total nonraarketable
Special Issues to Government agencies and trust funds.
Total interest-bearing securities
Subject to
statutory debt
limitation
32,23^
3^,390
25,^29
8i,190
176,2^3
50,980
185
8,692
59,856
A3 ,9L0
,039
Matured securities on which interest has ceased
600
Debt bearing no interest:
United States savings stamps
Excess profits tax refund bonds
Special notes of the United States, International Monetary Pund Series.
United States notes (less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes
Other debt bearing no interest
923
Total debt bearing no Interest
Total public debt
Guaranteed securities
Interest-bearing
Matured
1/
Total guaranteed securities
Total public debt and guaranteed securities.
).
Obligations Issued on a discount basis, and subject to
redemption prior to maturity at the option of the owner,
shall not exceed In the aggregate 3283 billion out-
previously In effect, under the act of June 26,
and ending on June 30,
51
1
975
Not subject to
statutory debt
limitation
Total
oiitstanding
May IW)
29
.DEBT OPERATIONS,
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding March 31, 1959
(In mlllloas of dollars)
ireasury Dulletm
30
.DEBT OPKRATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding March 31,
(In
mllHonB
1959 - (Continued)
of dollars)
Maif 1959
31
.DEBT OPERATIONS.
Table 2.- Offerings of Treasury Bills
(Dollar amountB In mllllonB)
DcBcrlptlon of new issue
Nunber of
days to
maturity
Maturity
date
Regular weekly bills:
195e-Dec.
U
Dec.
11.
Dec.
18.
1959-Mar.
r Mar.
I June
f Mar.
5
12
J\sie
18
26
25
\
Dec.
26.
1959-Jan.
2.
Jan.
Mar.
I
I June
f
Apr.
I
July
f
Apr.
I
July
8.
Jan.
15.
Jan.
22.
Apr.
July
(Apr.
July
\
Jan.
[Apr.
29.
Julj
\
Feb.
(May
5.
Aug.
I
Feb.
13....
(May
9
9
16
16
23
23
30
30
7
6
lU
13
21
20
Aug.
[May
Aug.
I
28
27
(june
[Sept.
15 2/..
(June
Sept.
11
10
19.
fjime
(Sept.
18
17
June
Sept.
Apr.
Apr.
9p.
Apr.
16p.
Apr.
a3p.
Apr.
30p.
May
7p.
May
Up.
Tax anticipation bills:
20
1958-Nov.
16
1959-Feb.
May
15
Other bills:
1958-Oct.
1959-Apr.
May
2
2
[May
I
5...,
19
I Aug.
19 ...
26....
11
8i/.
1
U
p...
Aug.
(Nov.
I
Amount of
bids
tendered
Amount of bids accepted
Total
amount
On competitive baels
On noncompeti-
In
tive basis 1/
exchange
Amount
maturing on
issue date
of new
offering
Total unmatured ieBuea
outstanding
after new
issue
.
Treasury Bulletin
32
.DKBT OPERATIONS.
Table 2.- Offerings of Treaeury Bills
Average price
per bimdred
Regular weekly bills:
1958-Dec.
U
Dec.
11
Dec.
18
Dec.
26
Blulvalent average
rate if
High
Price per hundred
(Percent)
99.291
99.291
98.1»U2
99.266
98.U35
99.315
(Continued)
On ccmpetltlTe bids accepted -
On total bids accepted
iGSue date
-
2.805
2.805
3.081
2.90I1
98. '•83
3.095
2-739
3.017
Blulvalent rate
^
Price per hundred
2.781
2.7'»9
3.066
2.789
3.066
2.720
2.999
99.288
99-287
98.U37
99.263
98.1t27
2.817
2.821
3.092
2.916
3.111
99.313
98.U80
2.71*8
2.660
2.900
99.32''
2.7011
3.023
1959- Jan.
2
99-327
.98.532
2.690
2.920
99-335
98.528
2.928
Jan.
8
'99.323
99.331
98.537
2.61.7
99-319
98.50li
2.678
2-959
2.89U
98.lt9U
2.69U
2.979
'99.290
2.808
3-03'»
10/
2.670
3.007
99-280
98.U58
2.81>8
98.I166
99-325
98.U8O
3-03't
99-300
3-232
98.1158
11/
2.769
3-050
99-230
98-330
3-0U6
3-303
12/
12/
2.900
3-299
99
-SI'S
98.306
2.987
3.351
2.73''
Jan
15
98.5'»2
3-050
Jan.
22
99-233
98.366
Jan.
29
'99.2U8
^98.313
2-975
3.337
99.267
98.332
Peb.
5
99.312
[98.U29
2.721
3.107
99-333
98.U68
2-639
3.030
99.309
98.l>08
3. 11*9
f 99 .298
99.3UO
98.UU5
2.6I1O
13
,809
,326
99-295
98.30U
2.820
3.373
2.726
3.253
99.319
98.380
2.69U
19
f 99-311
98.U9lt
2.589
2.978
99-366
98.508
'99.286
.96.427
2.8I0
3.111
99.305
i6/
98.U3
'99.226
98.294
.
3.062
3.375
99.288
98.312
'99.302
98.454
2.763
3.058
99.308
98.464
99.301
98.436
2.766
3.093
99.306
98.483
'99.282
98.364
2.841
3.236
Peb
.
Peb.
f
198.328
1,98-355
Peb
Mar.
Mar.
Mar.
99.3U6
26
5
12
2/
19
.
'
Mar.
26
.
Apr.
2
.
3-093
3-201t
99-309
98.352
2-73''
ijj
99-3to
98.U83
2.6U
15/
2.508
2-951
12/
2.749
3-080
99.280
98.418
2.848
3.129
18/
2.817
3.339
99-223
98.292
3.074
3-378
2.738
3-0J8
99.297
98.445
2.781
3.076
2.745
3.001
99.297
98-414
2.781
3.137
99.292 20/
98.398 21/
2.801
3-169
99-265
98.354
2.908
2.256
99.260 22/
98.370 22/
2.927
3-224
99-251
2.963
98.350
3-264
99.255
98.320
2.947
3.323
99-219
96-301
3.090
3.361
99.229 24/
93.306 25/
3.050
3.351
99. 2U
98.297
3.109
3.369
2.801
12/
3.260
3.001
Apr.
9p
99.255
[98.357
.948
,250
Apr.
16p
[99-223
[ 96.306
3-075
3.351
Apr.
23p
f
99- 215
198-301
,105
,361
30p
[99.284
198.388
2.831
3.189
99.292
98.394
3.177
99.283
98.382
2.836
3.200
May
7p
[99.258
198.324
2-935
3-316
99.267 26/
98.340 27/
2.900
2.284
99.256
98.306
3.351
May
14p
[99.312
1.98.277
2.722
3.408
99.317
98.330
2.702
3.303
99-310
98.266
2.730
3.430
98.217
98.015
97.811
2.999
3.293
3.565
93.276 28/
93.106
97.851 22/
2.900
98.193
97.983
97.756
3.040
3.346
3.501
98.023
97.282
96.378
3.250
3.386
3.835
97.391 22/
96.468 21/
2.250
3.740
97.242
96.350
3.436
3.865
Apr.
f
^
(Percent)
(Percent)
99-297
6/
99-305
98.U50 _7/
99.295
98.U50
8/
99-320
98.1192
2/
Blulvalent rate
2.943
Tax anticipation bills
1958-Nov.
1959-Feb.
May
20
16
15 p
3.U2
3.655
Other bills:
1958-Oct.
1959-Apr.
May
8
1/
1
11 p
Footnotes 2 and 3 on preceding page.
5/ Bank discount basis.
6/ Except $800,000 at 99.326.
7/ Except $200,000 at 99.291, 1150,000 at 98.510, and $200,000 at 98.483.
8/ Except $150,000 at 98.468.
2/ Except $150,000 at 98.516.
10/ Except $150,000 at 98.500, $2,250,000 at 98.498, and $50,000 at
98.488.
11/ Except $200,000 at 98.500.
12/ Except $1,175,000 at 99.328.
Except $50,000 at 98.400, $400,000 at 98.378, $250,000 at 98.366, and
$50,000 at 98.350.
Except $50,000 at 98.483.
Except $20,000 at 99.330, and $100,000 at 98.533.
16/ Except $200,000 at 99.346.
12/ Except $750,000 at 98.500, and $265,000 at 98.494.
18/ Except $150,000 at 98.427, and $50,000 at 98.365.
12/ Except $300,000 at 99.317.
20/ Except $100,000 at 99.390.
Reaaining footnotes on page 34.
12/
May
1959
33
.DEBT OPERATIONS.
Table 3.- Summary of New Money Financing through Treasury Bills
(Dollar aaounte In millions)
Deaorlptlon of laaue
Haw Boney raised froB
ffuHbar of
Maturit;
date
IsauB
lata
dajra to
aturlt;
Aaount
of blda
tandared
Aaount
of bide
accepted
Average rate
on bida
accepted 1/
Increase In regular weekly bills,
or decrease (-)
Tax anticlpatlon bllla
•
Other
bllla
(Itercent)
1953 -Apr. 23.
Maj
May
Ma;
1953 Vuly
Aug.
Aug.
Aug.
7.
21.
28.
23
91
2,202
1,501
2.320
6
91
91
91
2,166
2,3*0
2,087
1,500
1,501
1,501
2.352
2.092
2.08*
107
91
91
91
1,676
i,78e
2,290
2,207
1,985
800
1,500
1,*00
1,501
1,500
2.383
2.*16
2.323
2.228
1.95*
300
300
2,192
2,167
2.277
1,500
1,501
1,500
2.106
2.007
2.106
300
100
100
1.953
20
27
200
200
200
Jane 3.
June ^.
June 11.
Juna Id.
June 25.
Sept.
Sept.
Sept.
Sept.
Sept.
2.
July 9.
July 16.
Oot.
Oct.
Oct.
15
91
91
91
91
Sept. 10.
Dec.
10
91
2,023
1,501
195* -Mar. 22.
195'' -June
24
gk
2,717
1,501
.956
Apr. 27.
Juna
18
52
2,987
1,001
.726
1955-July 7.
July Ik.
July 21.
July 28.
1955-Oct.
Oct.
Oct.
Oot.
6
91
91
91
91
2,119
2,258
2,390
2,*03
1,600
1,600
1,600
1,601
1.5*1
1.606
1.619
1.720
99
100
100
100
A«g. k.
Aug. 11.
Aug. 18.
Aug. 25.
Hot.
Hot.
Hot.
91
91
91
92
2,328
2,292
2,369
2,178
1,601
1,601
1,601
1,600
1.850
1.889
1.868
1.875
100
98
100
100
Sept. 1.
Sept. 6.
Sapt.l5.
Sept .22.
Sept .29.
Dec.
Dec.
Dec.
Dec.
Dec.
15
22
29
91
91
91
91
91
2,202
2,282
2,65*
2,328
2,317
1,600
1,602
i,6Qe
1,601
1,601
2.088
2.135
2.10*
1.981
2.122
1956-1
23
99
11,130
1,501
2.*65
1956-Oct. 17.
1957-Jan.
l6
91
'1,761
1,603
2.627
1,603
Hot. 16.
Feb.
15
91
'1,637
1,750
2.617
1,750
Dec. 17.
Mar.
22
95
3,786
1,006
2.585
159
91
2,l.ll>
2,62*
1,601
1,700
3.305
3.283
Juljr
Dec. 15.
OT.
16
3
10
17
2U
1
8
13
20
27
3
10
17
25
1
6
800
199
198
1,501
1,001
99
102
99
98
101
1,501
1,006
2/
1957-Jan. 16.
Jan. 31.
June
May
yeb. 7.
Keb. H.
yeb. 15.
yeb. 21.
Feb. 26.
May
May
Juna
May
May
2k
23
31
91
91
129
91
92
2,626
2,719
2,302
2,580
2,7*1
1,700
1,700
1,750
1,800
1,802
3.133
3.057
3.231
3.i8e
3.288
Mar.
Mar.
ll>.
June
June
6
13
91
91
2,769
2,830
1,800
1,802
3.2*6
3.239
May
27.
Sept. 23
119
3,689
1,501
2.825
1,501
Sk
26*
*,5*7
3,002
3.*85
3,002
July
7.
3.
1958-Mar.
2>>
2
9
16
99
99
99
a/
200
202
200
202
1,751 */
Aug. 21.
Apr.
15
237
3,178
1,751
*.173
Dec. 19.
Dae. 26.
Mar.
Mar.
20
27
91
91
2,3*8
2,*l6
1,700
1,700
3.1*0
3.173
100
98
1958 -Jan.
Jan.
Jan. 16.
Jan. 23.
Apr.
Apr.
Apr.
Apr.
3
10
17
2k
91
91
91
91
2,388
2,*30
2,682
2,751
1,700
1,700
1,701
1,702
2.753
2.858
2.591
2.587
101
100
100
100
Mar. 13.
Juno
12
91
2,*36
1,700
1.532
Sept. 11.
Sept.l8.
Sept.25.
Dec.
Dec.
Deo.
11
18
91
91
92
2,550
2,636
2,576
1,800
1,800
1,800
2.359
2.60*
2.511
Oct. 2.
Oct. 8.
Oct. 9.
Oct. 16.
Oct. 23.
Oct. 30.
1959 -Jan.
May
Jan.
Jan.
Jan.
Jan.
2
92
219
91
91
91
91
2,291
5,805
2,382
3,088
2,987
2,872
1,801
2,735
1,800
2.920
15
Not. 6.
Not. 13.
Not. 20.
Feb.
5
Feb.
June
13
91
92
22
2 lit
2,81*
2,857
5,950
Footnotes at end of table
26
8
15
22
29
3
100
99
99
2,735
.250 5/
100
1,803
1,800
1,803
2.668
2.927
2.80*
2.6*7
1,802
1,801
2,997
2.6*9
2.77*
2.999
loe
101
(Contlnisd on followli^ P»8a)
10*
99
102
2,997
Treasury Bulletin
3"^
.DEBT OPERATIONS.
Table 3.- Summary of New Money Financing through Treasury Bills
(Dollar amouDta In millions)
Deacrlptlon of lesua
-
(Continued)
May
1959
35
.DEBT OPERATIONS.
Table 4.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Sate
Bubecrlptlon
books were
opened
Date
of
Issue
Description of security
Maturity
First call
Cash 1/
Exchange
(
2/2/53
2/15/53
2/15/53
[
''/1/53
2-1/2% Bond
1-1/2* Note
'•/13/53
5/1/53
6/1/53
3-1 A* Bond
2-5/8* Certificate
7/6/53
7/15/53
2-1/2* Certificate
8/15/53
(tax ant. j/)
2-5/8* Certificate
9/15/53
9/15/53
10/1/53
2-5/8* Certificate
2-7/8* Note
1-1/2* Note
11/9/53
J
I
/
I
y
8/5/53
f
I
11/18/53
2/1/5*
2/15/5* -A
12/15/58 1/
*/l/58-EA
2 -I/** Certificate
1 JT
5 JT
30 yr
1 yr
8/l5/5*-D
1 yr
3
2-3/** Bool
9/15/61
7
12/1/53
2/15/53
1-7/8* Note
2-1/2* Bond
1
2/15/5*
1-5/8* Certificate
2-1/2* Bond
1-1/2* Note
12/l5/5*-B
12/15/58 i/
2/15/55-A
11/15/61
*/l/59-EA
U/1/5*
5/17/5*
5/5/5*
5/17/5*
8/2/5*
I
T/ai/S*
li
25 yr
ij
-
5,250
8,111.
620
620
1*185/
It, 858
6
m
*,72*
2,997
121
2,239
12,5*3
10
8,175
1,7*8
8,175
1,7*8
7,007
11,177
119
7.007
U,177
yr
119
2,205
9,750
* yr
5/17/55-B
3/22/55 -C
*18 5/
*,858
2,788
*,72*
2.997
121
yr
5
383
1,188
5,902
7 yr
1
In exchange
for other
securities 2/
In millions of dollars
383
JT
yr
5 yr
2/15/59-A
1-7/8* note
1-1/8* Certificate
Certificate
1*
yr
5 yr
For
cash 1/
6,U*
8,687
9/15/5* -E
3/15/57 -A
10/1/58-10
S/'t/Sk
I
3/22/5*-C
1 yr
1 2/15/5*
10
5 yr
6/15/78-83
6/l/5*-B
-
Aacunt Issued
Amount of
Bubacriptioos
tendered
2,897
3,886
2,897
3.686
1 yr
3,73*
9,250
7i
(tax ant. 11/)
J
8/3/51.
1
8/15/5*
8/15/5*
10/* /5*
1-1/8* Certificate
2-1/8* Boot
1-5/8* Note
10/1/5*
1-1/2* Note
y
11/22/5*
8/15/5*
12/15/5*
12/15/5*
2/1/55
2/15/55
a/15/55
2/15/55
3/^2/55
*/l/55
1-1/8* Certificate
1-1/** Certificate
2-1/2* Bool
8/15/55-B ii/
11/15/60
5/15/57 -B
10/1/59-BO
-
U/
-
2 yr
7j
:
*,155
8,190
5 yr
99
99
1 yr
*,919
5,359
6,755
*,919
5,359
6,755
8,*72
3,79a
1,92*
8,*72
3,792
1,92*
1 yr
8 yr
3/15/56-A
8/15/57-C
2/15/95 15/
1-5/8* Note
Note
2*
Bond
3*
1-3/8* Certificate
8/15/55-D
12/15/55-K
8/15/63
3
3,558
3,806
3,558
3,806
1 yr
6 yr
1 yr
2 yr
1
6
m
m
*0 yr
6/22 /55-F
2} m
7,938
3
B
3,989
8
m
10,620
3,210
(tax ant. 16/)
y
*/l/55
1-1/2* Note
Note
5/3/55
5/17/55
2*
7/8/55
7/18/55
1-7/8* Certificate
7/U/55
2/15/55
3*
8/1/55
2*
5/17/55
2*
7/20/55
(
10/3/55
10/11/55
10/1/55
3/5/56
6/22/56 -c
t
2-7/8* Note
2-5/8* Certificate
a -7/8* Note
t
*/l/56
7/16/56
8/15/56
7/16/56
8/6/56
2/15/95 15/
8/15/56-B
uJ
1-1/2* Note
2-3/** Note
2-3A* Certificate
-
-
-
lOi
m
3
"
6.8*1
10/1/56
r
12/1/56
3/18/57
(tax ant. 21/)
3-1 A* Certificate -
[2/15/57
12/15/57
3-3/8* Certificate
3-1/2* Note
-
2/15/57
2/15/57
3-3/8* Certificate
3-1/2* Note
-
f
I
5/6/57
3-lA* Certificate
-
1 12/1/56
11/19/56
2/I./57
1-1/2* Dote
J
I
6,81.1
2,970
278
278
12/1/56-D
1 yr
9,083
6/15/58-A 2*/
2 yr
2,283
2,283
7,219
2,109
7,219
2,109
iii.
2/15/57-A
6/15/58-A a*/
2 yr
U/l/61-EA
5 yr
8/1/57-D
3/22 /57-B
1 yr
10/1/61-EO
5 yr
6
I
6i:
10
10/1/57 -D
^
13 yr
3
2/l*/58-Al 2g,
5/15/60-a} S^
Jl yr
13 yr
3
2/i*/58-Ai
5/15/60-Af
1-l/a* Note
*/l/62-EA
5/1/57
5/1/57
3-1/2* Certificate
3-5/8* Note
*/l5/58-B
2/15/62 -A
lUk
ll»U
12,056
12,056
3,221
10,613
6/2*/57-C
*/l/57
Footnotes at end of table.
l.*86
9,083
(tax ant. 2^/)
*/
3,17*
821
1,*86
5 yr
2,532
2,202
1,720
UO yr
1 yr
198
198
3,17*
8,778
(tax ant. 22/)
10/1/60-K)
1-1/2* Note
2-5/8* Certificate
*/
3/22 /56-A
-
2-1/** Certificate
12/1/55
3/5/56
12/1/55
1 yr
6/22/56-B
12/1/55
f
5 yr
Certificate (tax ant. 2g/)
Note
r
11/28/55
-
(tax ant. 12/)
BoMl
*/l/60-EA
8/15/56 -B 11/
a/
II yr
5 yr
*
yr
9i m
(continued on following page)
332
332
1,312
1,312
7,271
7,271
S.Ul*
1,*6U
8,1.1*
l,*6i.
2,*37
9*2
7,*89
5,868
551
551
2,351
6*7
2,351
6*7
Ireasury nulletin
36
.DEBT OPERATIONS.
Table 4.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Dat«
Date
of
laaue
subacrlptlon
books were
opened
-
(Continued)
Amount laeued
Amount of
Bubacrlptlona
tendered
Deacrlptlon of aecurlty
Maturity
Caah 1/
Allotment
For
caah 1/
Exchange
In exchange
ratio
for other
aecurltlea 2/
(In mllllona of dollars)
7/22/57
,
9/16/57
8/1/57
8/1/57
8/1/57
3-5/8* Certificate
Certificate
UJ
Note
UlS
8/1/57
9/26/57
Certificate
Note
Bond
.10/1/57
y
10/1/57
11/20/57
[11/29/57
t 12/2/57
11/21/57
12/1/57
2/3/58
f2/ll./58
2/11./58
2/28/5S
y
-
12/1/57-E
8/1/58-C 10/
8/1/61-A il/
8/1/58-C io/
8/15/62 -B ii/
1
U
1
It
12
\.ol\/6g
yr
yr
100
100
100
yr
yr
yr
U,6U8
1-1/2* Note
10/1/62 -BO
5
Note
3-7/8J Bond
3-3/'»* Certificate
11/15/62 -C
It
ll/15/7't
16
yr
yr
-
12/1/58-D
1
yr
-
3-3/lt)t
.2/l'./58
2-1/2* Certificate
Bond
3*
3-1/2* Bond
2/28/58
3*
100
533
100
55m
5/15/59-B
2/15/65
6
yr
1
yr
7/21/58
8/1/58
1-5/8* Certificate
-
8/1/59-C
7/29/58
8/6/58
1-1/2* Certificate (tax ant. kl/)
1-1/2* Note
3/2it/59-D
10/1/63 -EO
5
yr
11/15/59-B
1
yr
11/15/59-E
5/15/61-B
2
10/10/58
3-1/2* Note
U/19/58
fl2/l/58
tl2/l/58
3-3/8* Certificate
3-5/8* Note
1/12/59
/1/21/59
[1/23/59
I**
Bond
2/2/59
[2/15/59
12/15/59
3 -3 /It*
It*
Certificate
Note
Note
Bond
5/1 5/63 -B
IS
1-1/2* Note
4/1/64-EA
3/23/59
4/
5/11/59
[ 4/1/59
1^10/1/57
4/1/59
5/15/59
IS
Certificate
5/15/60-B
yr
1 yr
21 yr
2/15/60-A
2/15/62 -D
10/1/69
1
3
^
3,971
22/
m
2,570
1,135
uo/
11
1,817
7,388
aj
4 yr
12 yr
5
1,817
7,388
13,500
506
^1
I
2,738p
884p
11,363P
1,''35p
l,743p
619p
,052p
20
l,258p
1 yr
100
7,711
l,502p
yr
506
U,078
l.itSSp
3
100
078
11,363p
lip.
13,500
7,7U
5,508p
l,800p
in
100
l,l8it
It,
k
\
3,567
2,686
yr
yr
Source: Bureau of the Public Debt.
Prellrninary figures are from subscription and allotment reports; final figures are on "clearance" basis
in daily Treasury statement.
1/ Consists of all public cash subscriptions and subscriptions by United
States Government investment accounts.
2/ For maturing securities exchanged for the neu issues, see Table 6.
The 2-I/25C bonds dated February 15, 1953, were reopened with all the
bonds of the series identical in all respects, as an exchange offering
for the 2-1/8$ notes which matured December 1, 1953. Total exchanges
in the two offerings amounted to $2,368 million.
4/ Exchange offering available to owners of nonmarketable 2-'}/L% Treasury
Bonds, Investment Series B-1975-80, dated April 1, 1951. For further
information on the original offering see "Treasury Bulletin" for
April 1951, page A-1. Amounts shown are as of April 30, 1959.
The bond offering was made available for exchange of Series F and G
savings bonds maturing from May 1 through December 31, 1953.
6/ Total allotments on cash subscriptions were limited to approximately
$1,000 million. Nonbank subscriptions in amounts up to and including
$5,000 were allotted in full. All other subscriptions were allotted
20 percent. Commercial banks' subscriptions were restricted to en
amount not exceeding 5 percent of their time deposits as of December 31,
The Treasury also reserved the right to allot limited amounts of
1952.
these bonds to Government investment accounts, which subscribed to a
total amount of $118 million.
Fbyment for the bonds allotted could be
made with accrued interest at any time not later than July 31, 19532J Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of income and profits taxes
due March 15, 195A.
V
15,7'tl
5,962
5/15/60-B
2/15/80
-
10 m
11 m
1-l/U* Certificate
2-5/8* Bond
9/29/58
1,U8U
6,715
533
[6/15/58
16/15/58
3-l/lt* Note
XU
9,770
3,85^
1,727
1,727
yr
-
36/
65I1
3,85".
6/1./58
10/1/58
100
l,l't3
7,786
3,817
9,770
-
y
25/
590
590
llim
ll|m
ii./
2/15/6U
2/15/90
26
3-l/lt* Bond
933
2,000
657
100 32/
2/11. /59-A
5/15/85
6/3/58
3,067
6,:i2i
9,871
10,U87
2,509
100
2/15/63 -A
6/3/58
100
100
100
9,833
8/15/66
'•/15/58
2,509
9,833
"1/1/63 -EA
'./7/5e
9,871
10,lt87
yr
Bond
1-1/2* Note
2-5/8* Note
'./1/58
-
46/
48/
30
l,258p
100
100
Subscriptions for amounts up to and Including $100,000 were allotted
in full.
Subscriptions for amounts over $100,000 were allotted 67
percent but in no case less than $100,000.
Subscriptions
for amounts up to and including $10,000 were allotted
2/
in full.
Subscriptions from mutual savings banks, insurance companies, pension and retirement funds, and State and local governments
were allotted 2A percent. All others, including commercial banks,
were allotted 16 percent but not less than $10,000 on any one
subscription.
10/ Subscriptions for amounts up to and including $10,000 were allotted in
full. All other subscriptions were allotted 22 percent but in no case
less than $10,000.
11/ Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of income and profits taxes
due March 15, 1955.
12/ Subscriptions for amounts up to and including $50,000 were allotted
in full.
Subscriptions for amounts over $50,000 were allotted 40 percent but in no case less than $50,000.
The
1-1/8$
certificates dated August 15, 1954, were reopened with all
ii/
the certificates of the series identical in all respects, as an exchange offering for the 1-7/8$ notes which matured December 15, 1954»
the 2% bonds which matured December 15, 1954, and the 2% bonds which
were called for redemption on December 15, 1954. Total exchanges in
the two offerings amounted to $8,477 million.
Subscriptions for amounts up to and including $50,000 were allotted
in full.
Subscriptions for amounts over $50,000 were allotted 50
percent but in no case less than $50,000.
Remaining footnotes on following* page.
8/
w
May
1959
37
.DEBT OPERATIONS.
Footnotes to Table 4
1^
16/
yJ
18/
13/
20/
21/
22/
23/
2U/
2^/
26/
27/
26/
29/
jp/
31/
^2/
ii/
^Uj
The 3% bonds dated February 15, 1955, were reopened with all the bonds
of the serlea Identical in all respects, ae an additional cash offering
on Julj 11, 1955, for payment Julj 20, 1955- The total amount laauod
In the two operations was $2,71*5 million.
Also designated tai anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of Income and profits tazee
due June 15, 1955.
The 2% notes dated May 17, 1955, were reopened with all the notes of
the series identical in all respects, as an exchange offering for the
1-1/6% certificates maturing August 15, 1955. Total exchangee In the
two offerings omounted 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 lees 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 lose were allotted in full. Subacriptlone for more than $100,000 were allotted 19 percent but In no case
leas than $100,000.
Subscriptions from aavlnga-type investors totaled $7^9 million and
were allotted 65 percent.
Subscriptions fTCMD 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 leas than $25,000, In addition to the
amount allotted to the public, $25 million of the bonds were allotted
to Government investment accounts.
Savlnga-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, *nd 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
due 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 serlea Identical in all respects, as a partial exchange
offering for the 1-5/8^ notes maturing March 15, 1956. Total exchanges in the two offerings amounted to $t»,392 million.
Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of income and profits taxes
due March 15, 1957Subscriptions for $100,000 or leee were allotted In full. Subscriptlons 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 maturity In paonnent of Income and profits taxes
due June 15, 1957.
The 3-3/8% certificates dated February 15, 1957, and the 3-l/2^ notes
dated February 15, 1957, were reopened with all the certificates and
notes of each series Identical In all respects, as an additional cash
offering on March I8, 1957, for payment March 28, 1957. Total issues
in the two offerings amounted to $10,651 million for the certificates
and $2,U06 million for the notes.
Subscriptions in excess of $100,000 were allotted 31 percent for the
certificates and 12 percent for the notes. Subacrlptiona for $100,000
or less for both issues were allotted In full and eubgcrlptlona 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.
The U% certificates dated August 1, 1957, were reopened with all the
certificates of the series Identical In all respects, as an additional
cash offering on September I6, 1957, for payment September 26, 1957.
The total amount Issued in the two operations was $11,519 million.
Redeemable at th* option of the holder on August 1, 1959, on three
months* advance notice,
In addition to the amounts issued in exchange, the Treasury allotted
$100 million of each issue to Government Investment accounts.
Redeemable at the option of the holder on February 15, I960, on three
months' advance notice.
Subscriptions In excess of $100,000 were allotted 22 percent for the
certificates and 28 percent for the notes. Subscriptions for $100,000
or less for both Issues were allotted in full, and subacrlptiona for
In addition
more than $100,000 were allotted not lesa than $100,000.
to the amounts allotted to the public, $100 million of each laaue
were allotted to Government investment accounts.
-
W
^g/
v?/
38/
^2/
ItO/
h\J
U2/
U^
UhJ
U^/
(Continued)
Subscriptions for $50,000 or less were allotted In full. Snbacriptions for more than $50,000 were allotted 10 percent but In no case
leee than $50,000.
In addition to the amount allotted to the public,
$100 million of the bonds were allotted to Government investment
accounts. Payment for not more than 50 percent of the bonds allotted
could be deferred until not later than October 21, 1957.
Subscriptions for $10,000 or lesa were allotted in full. Subscriptions for more than $10,000 were allotted 25 percent to savings-type
investors and 12 percent to all other subscribers, but in no case
less than $10,000. In addition to the amount allotted to the public,
$100 million of the notes were allotted to Government Investment
accounts.
Subacrlptiona for $10,000 or leas were allotted in full. Subscriptions for more than $10,000 were allotted 26 percent to savings-type
Inveatora and 10 percent to all other subscribers, but In no case
less than $10,000.
In addition to the amount allotted to the public,
$100 million of the bonds were allotted to Government investment
accounts
Subscriptions for $10,000 or lesa were allotted in full. Subscriptions for more than $10,000 were allotted 20 percent but In no case
less than $10,000. In addition to the amount allotted to the public,
$100 million of the bonds were allotted to Government Investment
accounts.
Subscriptions for $25,000 or lesa were allotted In full. Subscriptions for more than $25,000 were allotted 2U percent but In no caee
less thim $25,000. In addition to the amount allotted to the public,
$100 million of the notes were allotted to Government Investment
accounts.
Subscrlptlonslfor $5,000 or lesa were allotted In full. Subscriptions
for more than $5,000 wore allotted 60 percent to aavlngs-type Investors, UO percent to commercial banks for their own account, and
25 percent to all other subscribers, but In no caae less then $5,000.
In addition to the amount allotted to the public, $100 million of the
bonda were allotted to Government Investment accounts.
Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity In payment of Income and profits taxes
due March 15, I959.
Subscriptions for $100,000 or lees were allotted In full. Subscriptions
for more than $100,000 were allotted 59 percent but in no case less than
$100,000.
Subscriptions for $50,000 or lees were allotted in full. Subscriptions
for more than $50,000 were allotted 35 percent but in no case less than
$50,000.
In addition to the amount allotted to the public, $100 million
of the notes were allotted to Government investment accounts.
Subscriptions for $100,000 or leas were allotted In full. Subscriptions for more than $100,000 were allotted U7 percent but In no case
less than $100,000.
Subscriptions from savings-type investors totaled $720 million and
were allotted 70 percent. Subscriptions from commercial banks for
their own account totaled $U70 million and were allotted 35 percent.
Subscriptions from all other investors totaled $6l0 million and wore
allotted 15 percent. Subscriptions for $25,000 or leas were allotted
in full when accompanied by 100 percent payment at the time of enterAll other aubacrlptlone for $50,000 were
ing the subacrlptiona.
allotted In full. Subscriptions lor more than $5,000 were allotted
In addition to the amount allotted to the public,
not less than $5,000.
$50 million of the bonda were allotted to Government Investment accounts.
Savings-type Investors were given the privilege of paying for the bonds
allotted to them in inatallmente up to April 23, 1959 (not lees than
25% by January 23, 1959, the lasue date; 50% by February 2U 1959; 75%
by March 23, 1959; and full payment by April 23, 1959)Subscriptions for $100,000 or less were allotted in full. Subscriptions
for more than $100,000 were allotted 50 percent but In no caae less than
In addition, $100 million of the notes were allotted to
$100,000.
Government Investment accounts.
Reopening of the September 16, 1957, offering with all bonda of the
series identical in all respects. The total amount issued in the two
operations was $1,276 railllon.
Subscriptions from savings-type investors totaled $2^40 million and were
allotted 65 percent. Subscriptions from commercial banks for their own
account totaled $9^.1 million and wore allotted 35 percent. Subscriptions from all other investors totaled $322 million and were allotted
20 percent. Subscriptions for $25,000 or less ifrora savings-type
investors end commercial banks, and for $10,000 or less from all others,
were allotted in full. Subscriptions for more than these mlnimums were
In addition, $50 million of the
allotted not less than the mlnimums.
bonds were allotted to Government Investment accounts.
Preliminary.
,
/^6/
^j/
^g/
p
Irensury DuUetin
38
.Df3T OPERATIONS.
Table 5.- Allotments by Investor Classes on Subscriptions for Marketable Issues of Treasury
Bonds, Notes, and Certificates of Indebtedness i/
(In
Issue
alUlona of dolUra)
May
1959
39
.DEBT 0PB3?ATI0NS,
Table 5.- Allotments by Investor Classes on Subscriptions for Marketable Issues of Treasury
Bonds, Notes, and Certificates of Indebtedness V- (Continued)
(in milllona of dollars)
Treasury Bulletin
iw
.CEST OPERATIONS.
Table 6.- DlBpositlon of Matured Marketable Iseuee of Treasury Bonds, Notes,
and Certificates of Indebtedness
May
1959
»n
.DEBT OPERATIONS.
Table 6.- Disposition of Matured Marketable Issues of Treasury Bonds, Notest
and Certificates of Indebtedness W- (Continued)
Dattt
of
)
Treasury Bulletin
1^2
.DEBT OPERATIONS.
Table 6.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness i2/- (Contlnuedl
IsBue
date
Description
Resiilts of ex-
Disposition offers
by Treasury
Called or maturing aecxirlty 1/
Date of
refunding
or retirement
Amount
outstanding
Cash
retirement
change offers
Exchange
security
offered
Description of new
security offered
(See also Table 4)
Turned
in for
cash 2/
Exchanged
(In millions of dollars
6/15/58-A
12/1/55
4,392
4,392
1,015
3,195
2-3/4$ Bond
6/15/58-63
6/15/38
919
919
91
800
2-3/8$ Bond
6/15/58
7/1/52
4,245
4,245
(.. 392
9,555
9,555
9,204
351
'2-7/8% Note
6/15/58
710
Total
June '58
2-5/8$ Bond
2/15/65
6/15/58
104 20/
July '58
2-5/8$ Bond
2/15/65
6/15/58
387 20/
8/1/58
8/1/58-C
8/1/57
9/15/56-59 21/ 2/1/44
11,519
3,818
11,519
3,818
10,634
2,206
885
1,612
2-3/8$ Bond
3/15/57-59 21/ 3/1/52
927
927
660
267
16,264
16,264
13,500
2,764
Total
10/1/58
1-1/2$ Note
3-3/4$ Certifioate2-1/2$ Bond
lO/l/58-EO
10/1/53
121
12/1/58-D
12/1/57
9,833
12/15/58
2/15/53
2,368
2,368
[
I
2/15/59
1-7/8$ Note
-2/U/59-A
2/U/58
9,770
9,770
2/15/59-A
5/17/54
5,102
5,102
3/24/59
1-1/2$ Certificate-
3/24/59-D
8/6/58
3,567
i/1/69
1-1/2$ Note
4/1/59-EA
4/1/54
119
5/15/59
1-1/4$ Certlflcale-
5/15/59-B
6/15/58
1,277
778
8,315p
579p
r 3 ,048p
1
14,872
3,300
312
I
412
11,789
12,201
Total
'1-1/4$ Certificate
2-5/8$ Bond
5/15/59-B
2/15/65
'
5/15/59-B
2/15/65
.
1-1/4$ Certificate
2-5/8$ Bond
'1,817
[7,388
of 1-1/4$ Certificate
of 2-5/8$ Bond
(3-3/8$ Certificate
[3-5/8$ Note
6,433
9,833
Total
'2-1/2$ Certlfloate-
5/15/59-B
2/15/65
1-5/8$ Certificate
I
12/1/58
U3
Certlflcate2-1/4$ Bond
'4$
1-1/4$ Certificate
2-5/8$ Bond
181
856p
876p
I
}l,199p
14,872
12,798p
2,075p
1,817
l,258p
559p
-
8/1/59-C
- ll/15/59-E
-
5/I5/6I-B
Certificate - 11/15/59-E
5/15/61-B
Note
of 3-3/8$ Certificate
of 3-5/8$ Note
/3-3/4$ Certificate - 2/15/60-A
- 2/15/62-D
Note
[4$
3-3/8$
13-5/8$
[7,711
[4,078
1
l3-3/4$ Certificate
[4$
Note
-
2/15/60-A
2/15/62-D
ll,363p of 3-3/4$ Certificate
l,435p of 4$ Note
3,567 22/
119
1,817
Preliminary figures are from subSource: Bureau of the Public Debt.
scription and allotment reports; final figures are on "clearance"
basis in daily Treasury statement.
1/ Original call and maturity dates are used.
g/ All by investors other than Federal Reserve Banks.
i/ On November 9, 1953, the Treasury purchased from the Federal Reserve
System and retired t500 million of the 2-1/8$ Treasury notes maturing
December 1, 1953. For further detail see "Treasury Bulletin" for
November 1'953 , page A-1.
4/ Reopening of February 2, 1953, offering (see Table 4).
i/ It had been announced that holders of these bonds would be given an
opportunity to exchange them for another Treasury issue after February 15, 1954. This exchange offering was included In the refundings
of May 17, 1954.
6/ Tax anticipation series; $2,669 million redeemed for taxes due
March 15, 1954, and 13,233 million redeemed for cash.
2/ Reopening of August 3, 1954, offering (see Table 4).
8/ Tax anticipation series; $2,216 million redeemed for taxes due
March 15, 1955, and tl,518 million redeemed for cash.
2/ Tax anticipation series; 11,917 million redeemed for taxes due
June 15, 1955, and 11,293 million redeemed for cash.
10/ Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of Income and profits taxes
due June 15, 1956.
U/ Reopening of May 3, 1955, offering (see Table 4).
IZ/
IJ/
14/
li/
16/
17/
4$ Certificate
5/15/6O-B
Also Treasury bills in the refunding of February 14, 1958.
Reopening of November 28, 1955, offering (see Table 4).
Tax anticipation series; $1,674 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 $473 million for cash; and of the 2-1/4$
certificates $1,891 million were redeemed for taxes and $1,079
million for cash.
During June 1956, $159 million of 2$ Treasury notes maturing
August 15, 1956, were purchased by the Treasury for account of the
Sinking Fund and retired.
Also designated tax anticipation certificates, acceptable at par
plus accrued interest to maturity in payment of Income and profits
taxes due June 15, 1957.
18/
19/
20/
21/
2g/
p
Tax anticipation series; $1,922 million redeemed for taxes due
March 15, 1957, and $1,299 million redeemed for cash.
Tax anticipation series; $620 million redeemed for taxes due
June 15, 1957, and $692 million redeemed for cash.
During June and July 1958, $491 million of the 2-5/8$ Treasury bonds
of 1965 were purchased by the Treasury for retirement under Section
19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754a).
Called on May 14, 1958, for redemption on September 15, 1958.
Tax anticipation series; $1,642 million redeemed for taxes due
March 15, 1959, and $1,925 million redeemed for cash,
Preliminary.
May 1959
"^3
.UIJITED STATES
United States savlngB bonds were first offered In
March I935 and began to mature In March 194^5. Series A-D
were sold between March 1935 and the end of April ig^H,
and Series E, P, and 3 were first offered In May 19'H.
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 term*;
to retain them with an extended maturity of 10 years at
specified rates of Interest accrual; or to exchange them
for Series Q bonds. A number of changes became effective
May 1, 1952.
The principal ones were: The rate of
Interest accrual on Series E vaa Inorsased, especially for
the near term, with corresponding changes In extended
Series E; and Series F and Q were replaced by two new
Issues, Series J and K, also at higher Interest rates.
A new current- Income bond. Series H, similar In Interest
return to Series E, was offered beginning June 1.
Details
SAVHWS BONDS.
of these changes appear In the May 1952 Bulletin, page A-1.
Series F and
began to mature on May 1, 1953.
For the
exchange offering made to holders of these bonds maturing
through December 31, I953, aee the May 1953 Issue, page A-1.
Sales of Series JandK were dleoontlnuedafter April
30,1957.
An Increase In Interest rates on Series Eand H was announced
on AprU 20,1957, retroactive to February 1. Details of the
changes appear In the May 1957 Bulletin, page A-1.
In
the tables which follow, Series A-F and J sales are Included
at Issue price and total redemptions and amounts outstanding
at current redemption values.
Series 0, H, and K are
Included at face value throughout. Matured bonds which
have been redeemed are Included In redemptions. Matured
F and
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
which Interest has ceased.
Table 1.- Sales and Redemptions by Series, Cumulative through March 31, 1950
Dollar amounta In mllllope
.
Treasury Bulletin
kk
.URITED STAIES SAVIHOS BONDS.
Table 3.- Sales and Redemptions by Periods. Series B through K
(Id nlllloaa of dollari)
Accrued
dlsooiAt
Rademptlona X/
8al«a plua
acoruAd
dlaoouQt
S&lag
price U/ 2/
Amount outatandlQg
Accrued
diaoomt 1/
Intere at -bear 1 ng
debt
Serlea E and B combined
Flaoal yeara:
61,969
3,296
U,06l
19'»1-1951
1952
1953
195l«
6/
1955 6/
1956
1957
1958
".,653
5,225
5,260
613
It,
'',670
li,70lt
i,m
1,120
1,126
1,123
66,673
lt,lt07
5,181
5,779
32,167
It, 008
It, 038
I*,
31*5
31,169
3,583
3,538
3,791
3,909
It, 072
998
3l*,506
lt25
31*
500
36,01*8
37,1*82
55lt
1,UU
6,31*8
6,37>>
U,5ltU
l',730
1,133
1,161
5,7k6
5,831
5,176
5,187
It,li60
72
636
658
716
715
5,252
1,120
1,128
1,126
1,113
68,773
3U,Olt5
32,86lt
l,l8l
,691*
098
I*, 157
3,622
3,625
3,909
It
11,652
3,91*9
832
It, It
,905
39,285
1*0,929
ltl,li96
Ii2,llt2
Calendar yearat
63,520
3,575
191*1-1951
1952
1953
I*
.368
March. ...
531
535
36,663
38,233
702
1*0,063
Ii,l6li
668
,697
,2 15
6ltl
1*1,396
1*1,578
1*2,589
'',507
1,11*3
5,61*9
5,1*69
It
,689
1,178
5,867
I*,
856
It
Uie
369
352
115
91
93
533
ltl7
362
55
lt2,258
U60
3U0
333
Itl
Itit5
380
397
61t
1*2,338
li2,386
378
1*59
1*07
Ii2,lt38
31(2
V89
lillt
351
315
352
56
1*18
370
81
93
118
605
i77
509
526
It90
36
1*2,668
410
460
327
342
83
42,736
42,785
I*
1959 -January..
February,,
3lt,727
35,32lt
l,12ll
1955
1956
1957
1958
5,368
5,OU3
October..
NoTember.
Deoeaber.
76
It.ltitU
'.,889
.
5,1*96
I*,
6,015
6,U8l
6,167
1951*
Hon the;
1958-Julj
Auguat,
Septeaber
It
32U
1*86
U9
383
9i
4U
95
It,
772
27
l*2,51lt
62
1*2,589
118
Matured debt
May
^
i959
.UNITED
STMES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K -(Continued)
(In mllllona of dollars)
Accrued
discount
^
fiedemptlons 2/
Sales plus
accrued
dleoouDt
Sales
price hj 5/
Accrued
discount
^
Amount outstandIne ( intereatb«arlne debt)
Flflcal years:
61,969
3,266
3,700
3,988
191*1-1951
1952
1953
195^
1955
1956
1957
1958
li,70l»
66,673
1,U1
'•,377
'•,821
'•,095
1,120
1,126
1,123
U,219
3,919
3,889
1,133
1,161
l,llll
32,167
It, 008
I*, 032
5, n't
5,218
5,333
5,052
5,OU9
I*,
'•90
31,169
3,583
3,532
3,765
998
1*25
3,85'*
U,622
3,96U
'*,98l
'*,951
'*,265
68,773
3U,Oli5
32,86lt
'*,513
5,03'*
U,098
5,11'9
U,U06
'*,572
l.,689
3,622
3,609
3,871
3,870
U,021
U,236
3U,506
3'*, 875
500
55^
636
658
716
715
35,661*
36,1*58
1,181
U76
531
535
31*, 727
37,186
37,898
37,969
38,067
Calendar years:
63,520
3,393
3,906
19111-1951
1952
1953
192
5,258
1,120
1,128
1,126
1,113
li,ll»2
l,32ll
3,875
3,802
l,lli3
5,30U
5,266
5,018
1,178
'*,979
1958 -July
August
September
320
299
292
115
October.
November.
December.
316
27U
307
81
93
118
1959 -January..
February
March. . .
375
119
]^
405
A31
30
360
665
1,130
30
360
665
1,130
1,01*1
1,01*1
691.
69U
782
WSk
'',023
1955
1956
1957
1958
It,
'*,ll.l
702
668
5,220
U,658
U, 1*1*9
772
'*,017
61*1
35,1'*3
36,036
36,778
37,510
38,087
37,885
38,206
Months:
.
.
91
93
1*01
31*6
55
390
385
365
380
321*
1.1
38,100
38,126
316
6U
38, «1
397
367
392
325
396
336
298
56
27
331*
62
38,136
38,178
38,206
509
392
437
U73
309
319
118
6
6
26
55
108
196
1*25
I19I.
36
83
38,191
38,204
38,198
Fiscal years:
1952
1953
195'*
1955
1956
1957
1958
782
26
55
108
196
236
30
385
1,021*
2,099
3,031
3,529
.,075
236
Calendar years:
182
U62
866
1,177
901
631
887
1952
1953
195'*
1955
1956
1957
1958
Months:
1958- July
August.
September
iBl
182
1.62
866
1,177
901
631
887
16
16
627
38
38
1,1.55
79
11*3
l'*3
21*8
21*8
2,553
3,310
3,693
198
198
'*,383
'*,158
I* ,2 12
i*,255
79
60
60
17
16
16
17
October..
November
December.
62
61.
61*
15
16
18
15
16
18
1»,302
51
62
51
Ill
111
72
78
17
17
17
17
'*,1*77
1959 -January..
February.
23
23
.
March
Source:
99
70
99
70
16
16
72
78
Dally Treasury statenent; Bureau of the Public Debt.
Footnotes at end of Table
'.,337
'.,383
4,531
4,587
1*.
.
Treasury Bulletin
1^6
.UHITED STATES SATBKIS B0BS8.
Table 4.- Redemptions of Matured and Umatured Savings Bonds
(In nllllou« of dollju*!)
Maturad bondi
Parlod 8/
Tot&l
matitf«d
^
Series
A-D
Uiastured bocds
For
o*>h
In axohasge
Series
r sod
for Series
a
ud
E
risoal yearsi
1951
1958
1953
195*
1955
1956
1957
1958
6,p7
817
5,621
6,515
7,251
1,761
2,7*7
792
7,81t6
3,9''l
'1,263
8,958
8,5W>
li,U5
3,730
779
90
31
18
l'»
11
9
6
38
37
702
69''
1,128
1,126
l,l»87
1,1186
1,826
1,917
1,971
1,906
1,825
1,917
1,971
1,906
962
1,326
Cslendsr yearsi
5,8UO
5,651
5,07U
1950
1951
1952
1953
195k
lit
1»,230
13
2,Ol»7
2,OI»7
8,261»
l»,21.6
10
1,891
9,630
7,255
'',156
8
2,081t
3,393
5
1,891
2,08U
1,691
626
295
l"t3
1''3
53l<
169
523
336
105
167
105
167
551
263
131
263
lltS
lltS
70
159
70
159
867
l'*5
584
653
37A
628
90
215
317
215
317
6,985
7,301
Month SI
1958 -July
August.
September
.
October..
NoTsmber.
Deceaber.
1959-January.
Eabrusry.
March. . .
987
518
25U
968
1,328
1,500
6,l"i9
1955
1956
1957
1958
987
1.81
586
772
1,015
2,318
3,171
'•7
2U
21>9
l,'t99
1,691
90
.
Total
laiaBtured
sales
p-ioe
y
Accrued
discount
May 1959
'^7
.UNITED STATES SAVINGS BONDS.
Table 5.- Sales and Redemptlone by Denominatlone, Series B and Hi/ Combined
(In thoueands of pieces
Total all
dencmicatione
Period
Fiscal years:
1941-51
1952
1953
1954 6/
1955 6/
1956
1957
1958
Calendar years
1941-51
1952
1953
1954
1955
1956
1957
1958
tlO 2/
1,371,227
74,136
80,485
85,419
85,342
90,053
90,160
89,431
21,075
1,406,123
77,271
84,390
84,972
87,316
90,786
90,856
86,676
21,076
$25
938,127
Months
1958-July
August....,
September.
October. .
NoTember.
December
.
7,061
6,700
6,880
7,539
6,552
7,403
.
.
1959-January p.
February p
March p..
Inception to date
8,095
6,743
7,846
p.
2,031,072
21,076
1,362,979
»50
tioo
$200 2/
$500
$1,000
$5,000
$10,000 4/ i/
ks
Treasury Bulletin
.OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Dletributlon of Federal Securities by Claesee of Investors and Types of Issues
(In nllllone of dollara)
l^9
May 1959
.OWNERSHIP OF FEDH?AL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par values 1/ In bllllonB of dollars)
Total
Federal
securitleB
outatanding 2/
End of
month
47.6
1939-December...
Held by private nonbank investors
Held by banka
Commer—
Total
ciftl
banks
U. 3.
Federal
Reserve
Banks
Individuals 5/
Government
investment
accounts ij
Total
15.9
2.5
6.5
22.7
7.1
7.6
8.5
9.5
22.8
23.9
25.0
31.0
11.2
13.6
3.6
5.4
7.6
8.2
1.9
8.2
6.3
3.1
2.2
10.1
10.6
2.6
2.8
7.5
7.8
6.5
6.9
7.1
3.1
3.2
3.9
4.5
4.9
.9
10.1
1.0
2.3
11.7
12.9
13.1
15.1
5.3
1.5
6.1
12.9
16.4
3.4
4.4
31.2
36.2
U.9
17.3
19.6
20.2
21.4
3.2
4.3
6.1
17.1
7.3
8.3
40.7
42.9
22.7
24.0
24.4
24.9
24.9
9.6
10.7
11.1
11.5
11.8
5.3
15.3
6.5
6.7
6.5
6.3
8.3
9.1
U.2
18.5
21.2
20.8
19.9
20.1
23.3
22.2
135.1
132.6
130.7
59.1
64.1
64.1
63.3
64.2
32.8
34.4
133.7
131.3
66.6
65.7
45.5
46.2
21.1
19.4
24.6
23.9
12.1
12.0
13.7
7.1
U.l
7.3
9.6
8.4
21.4
23.3
19.3
18.9
35.8
65.8
65.5
66.6
47.1
47.8
48.8
49.3
18.6
17.6
17.8
17.0
22.8
21.2
20.5
20.1
12.0
11.5
11.6
11.4
13.6
7.8
7.9
8.0
8.1
8.7
8.9
9.6
9.4
39.4
130.7
129.7
132.2
132.1
18.3
37.8
39.2
135.6
134.9
67.4
66.3
49.9
49.6
17.6
16.7
19.8
18.7
11.6
10.9
18.4
65.6
61.8
19.7
8.7
8.8
9.7
10.5
81.4
85.4
58.4
61.6
23.0
23.8
41.0
132.9
131.8
65.4
64.6
49.1
49.1
16.3
15.5
17.1
16.5
10.2
9.8
20.1
20.7
9.4
9.6
10.7
10.6
42.3
259.2
267.4
84.0
88.1
61.1
63.4
22.9
24.7
44.3
45.9
130.8
133.4
64.8
65.1
49.0
49.2
15.7
16.0
15.7
16.1
9.6
9.5
18.8
19.9
10.4
11.1
11.6
11.7
266.1
275.2
83.6
89.6
58.8
63.7
24.7
25.9
47.6
48.3
135.0
137.3
66.1
64.9
49.3
16.9
15.5
16.0
15.8
9.5
9.2
18.6
21.5
12.0
12.7
12.8
13.2
63.6
69.2
25.0
24.9
49.3
49.6
133.3
135.1
64.8
63.6
49.5
50.0
15.3
13.7
15.0
9.1
8.8
16.6
19.2
13.9
88.7
94.1
15.3
271.3
278.8
13.7
13.9
87.1
86.8
63.5
62.0
23.6
24.8
50.5
51.7
136.7
142.3
65.3 r
65.3 r
50.2
50.2
15. Ir
15. ir
14.8
274.4
280.8
U.3
8.7
8.5
18.8 r
23.5 r
28.7
47.3
26.0
41.1
2.6
6.2
10.6
12.2
37.7
53.0
17.8
23.7
9.1
13.4
59.4
71.5
52.2
59.9
7.2
11.5
U.3
67.0
81.7
30.9
37.6
19.2
83.3
U.9
46.1
18.8
19.1
21.7
100.2
96.5
68.4
77.7
lU.O
53.3
106.0
115.0
116.7
108.2
97.9
84.2
90.8
93.8
84.4
74.5
21.8
24.3
22.9
23.8
23.3
24.9
27.0
28.0
29.1
30.9
128.2
136.6
257.0
91.9
91.3
70.0
68.7
21.9
22.6
19i9-Juce
December.
252.4
252.9
252.8
257.2
85.9
85.8
82.4
85.7
64.6
62.5
63.0
66.8
1950-June
December.
257.4
256.7
83.9
82.6
1951-June
December.
255.3
259.5
1952-Jiine
1943-June
December
U0.8
194i-June
December
202.6
232.1
December.
170.1
. .
259.1
278.7
279.8
269.9
259.5
258.
. .
1948-June
December.
December
1953_Juiie
December
195i-'June
December .
1955-Juiie
December.
1.1
9.2
11.3
77.0
112.5
1942-June
December
19A7-June
December.
.7
.9
8.7
10.3
19.7
21.4
•
.7
.7
.6
.7
3.4
3.7
55.3
6i.3
2.5
2.2
2.2
2.3
.
.7
.4
.5
8.2
16.1
December.
State and Miscellaneous
local
investors
governments 2/ 4/8/
Corporations 6/
10.1
18.6
19.5
21.8
23.7
AS.
50.9
19i6-Febi-uary 2/.
June
savings
banks
2.1
2.0
2.0
4.0
1940-J\me
December
1941-June
December
19i5-Juiie
Mutxial
Other
Total
2/
18.4
Insurance
companies
Savings
bonds
17.3
16.9
37.3
38.3
20.8
24.7
43.3
43.5
66.3
49.4
2.1
19.9
17.8
U.8
15.8
16.8
U.4
U.7
7.0
8.9
8.6
8.1
U.4
15.1
15.6
17.7 r
19.11-
15.7
16.1
16.3
16.1
23.8
24.9
53.5
54.0
138.5
138.5
67. ir
66.4 r
50.3
16.8 T
50.1
16.31'
13.3
12.8
8.4
8.0
23.0
136.2
136.4
67. Ir
66. Ir
49.1
48.2
or
12.3
17.9 r
12.0
7.9
7.6
16.1 r
17.2 r
16.9
17.0
16.0
16.5
24.2
55.6
55.2
18.
55.8
59.1
82.0
82.7
83.0
58.6
59.4
59.4
23.3
23.2
23.6
55.1
55.4
55.4
137.6
136.7
134.3
66. 4r
66. 2r
66.3 r
48.2
48.2
48.1
18.2 T
18.0 r
18.1 r
12.0
11.9
11.8
7.6
7.6
7.6
18.0 r
17.8 r
16.0 r
17.3
17.3
17.3
16.2
15.9
15.4
23.7
24.2
25.4
55.2
55.8
55.9
48.
48.
48.
17.5 r
17.1 r
11.8
11.7
11.7
7.6
7.5
7.4
15.2 r
15.3 r
13.9 r
17.1
17.0
16.9
15.7
15.4
15.2
90.3
63.2
63.6
64.9
65.8 r
65.5 T
65.1 r
7r
86.9
87.7
133.1
132.3
130.2
17.
275-2
275.7
276.4
24.5
55.6
56.0
55.6
130.5
130.8
130.7
64.7 !
64.3 r
64.0 r
47,
47.
47.
16.8'16.3 r
16.2 r
11.8
11.9
11.9
7.4
7.5
7.4
17.0
17.0
17.0
15.0
89.4
91.8
90.4
65.0
66.4
65.5
U.5
July
August ....
September.
275.6
278.6
276.8
October...
November.
December .
280.3
283.2
283.0
12.1
12.1
12.1
7.4
16.8 r
18.0 r
18.2 r
17.2
17.2
17.3
15.8
16.0
16.5
12.4
7.3
12.2
7.4
20.3
21.2
17.7
17.8
17.3
1956-June
December.
272.8
276.7
80.8
84.2
57.1
1957-Jtme
December.
27P.6
275.0
78.9
83.3
1958-Jariuflry..
February.
March. . .
274.7
274.8
272.7
April.
May...
June.
1959_januBry....
February p.
285.9
285.2
92.1
93.9
93.6
93.7
9L.4
59.3
66.7
67.7
67.2
67.9
66.0
25.3
25.0
1-
25.4
26.2
26.3
55.1
54.8
54.4
133.1
134.5
135.1
64.0 r
63.8 163. 8 r
47.8
47.8
47.7
16.2
16.0 r
25.7
53.5
53.6
138.7
140.2
64.2
64.3
47.7
47.6
16.6
16.7
25.3
Staff.
Source: Office of the Secretary, Debt Analysis
Series A-F and J, are included at
i/ United States savings bonds,
current redemption value.
.„i,,j<t,,,
D. S. Government, «=l>^i"f
2/ SecuritleB Issued or guaranteed by the
amounts subject to
guaranteed securities held by the Treasury. For
statutory debt limitation, Bee page 1.
^
. i„„.
trust companies, and stock savings
2/ Consists of commercial banks,
and island posBesthe United States and in Territories
banks
departments.
Figures exclude securities held in trust
sions.
banks «-e included under -Miscellaneous
4/ Holdings by Federal land
»^=°""t="
investment
Government
invesISrs- instead of -D. S.
of the Hnited btates
June 26, 1947, when the proprietary interest
in these banks ended.
Nonprollt
Includes partnerships and personal trust accounts.
..
2/
16. Ir
7.3
7.3
15.3
i'
1"
15.0 r
U.9
15.3
16.7
funds are included under
institutions and corporate pension trust
"Miscellaneous investors."
companies.
Exclusive of banks and insurance
funds of State and local
Consists of trust, sinking, aid investment
2/
,
m
^""
the International Bank for Ke
December 1946, includes InveBtments by
'"
con:?^cti;t ind Development and the I^;-"™""-! ^-J^^:^^?
by the U. S. Government.
epecicl nonlnterest-bearlng notee issued
Immediate postwar debt peak.
Preliminary.
Revised.
Treasury Bulleiin
50
.TREASURY SURVEY OF OVWERSHIP, FEBRUAPY 28, 1959.
The Treasury Survey of Ownership covers securities
Issued by the United States Oovernment and by Federal
agencies. The banks and Insurance companies Included In
ance companies is published each month. Holdings by commer-
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 Jl. Holdings by corporate pension trust funds
the United States.
Data were first published for
March Jl, iglil, In the May igUl "Treasury Bulletin".
Bulletin for quarters beginning December 3I,
Section
I
-
Distribution of ownership by types of banks and Insurcial banks distributed according to Pederal Reserve member-
are published quarterly and first appeared in the March ISSlt
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
19'*9.
May 1959
51
.TREASURY SURVEY OF OWNERSHIP, FEBRUARY 28, 1959,
Section
Securities Issued or Guaranteed by the United States Governinent
Table 3.- Interest-Bearing Public Marketable Securities by Issues
I
-
(Par Taluee - In millionB of dollara)
Treasury Bulletin
52
.TREASURY SURVEY OF OWKERSHIP, FEBRUARY 28, 1959.
Section
I
-
Securities Issued or Guaranteed by the United States Govemaent
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par -Tmluas - in
mllUons
of dollAra)
-
(Continued)
I
May
1959
53
3^
Treasury nulletin
,
MARKET QUOTATIONS ON TKEASUKY SECTEITIES, MAPCB 31, 1959
Current market quotations shown here are over-the-
public marketable securities issued by the United States
counter cloeing bid quotations In the New York market
Qovernment except Panama Canal bonds. Outstanding
issues which are guaranteed by the United States
for the last trading day of the month, as reported to
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)
Amoxmt outstanding (mllllonB)
May
/959
55
MARKET QUOTATIONS ON TREASUKY EECUEITIES, MAECH 31,
Table 4.- Taxable Treasury Bonds
1959
Treasury Bulletin
56
MARKET QUOTATIOHS ON TREASURY SECURiriES, MARCH 31, 1959
o
a:
o
o
12
May 1959
57
.AVERAGE YIELDS OF LOMG-TEI*! BONDS-
Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Farcent per asnua)
Treasury
Porlod
boodi
y
Moody'a Au
corporate
bcnda
Treaaur?
boDda 1/
Anoual aerlea
19'»2.
2.1i6
19^3.
2.kl
2.U8
2.37
2.19
2.25
19'''<.
19^5.
19U6.
19't7.
2.83
2.73
2.72
2.62
2.53
2.61
-
May...
2.97 2/
3.11
Jwa..
3.13
July
August ....
September
3.02
3.02
October . .
HoTember..
Oeoenber .
3.23
3.3U
3.U0
Treasury
corporate
boDda
boDda l/
Moody*6 Aaa
corporate
bonds
calendar year averagee of mODthly eerlea
19^8.
19^9.
1950.
1951.
1952.
1953.
2.31
2.32
2.57
2.68
2.9<>
Monthly aeries
1953 -April.
Moo<lj*B Aaa
1955-'*rll.
May...
June..
-
2.82
2.66
2.62
2.86
2.96
3.20
195^.
1955.
1956.
1957.
1958.
2.55
2.8k
3.08
1957-Aprll.
May...
June.
2.90
3.06
3.36
3.89
3.79
3. '•7
3.U3
averages of dally aeries
2.82
2.81
2.82
3.01
2.98
3.28
3.2U
3.29
July
August ....
September
2.91
2.95
2.92
3.06
3.11
3.13
July
August ....
September.
3.32
3.U0
3.58 a/
3.60
3.63
3.66 2/ i/
2.83
2.86
2.79 i/
3.16
3.11
3.13
October.
NoTember .
December .
2.87
2.89
2.91
3.10
3.10
3.15
October. .
November.
December .
3.73
3.57 2/
3.30 i/
k.lO
U.08
3.81
2.69
2.62
2.53
3.06
2.95
2.86
1956 -January...
February.
3.11
3.08
3.10
2/
March
2.88
2.85
2.93
3.60
3.59
3.63
April.
May...
June.
.1.8
2.85
2.88
2.90
April.
May...
June .
3.07
2.97
2.93
3.21*
July
.''7
2.89
2.87
2.89
July
Auguat. .
September
3.00
3.17
3.21
3.28
2.87
2.89
2.90
October.
November..
December..
3.20
3.30
2.93
1957 -January...
February .
3.3l<
2.99
3.02
March
195^ -January .
.
February.
March
.5''
.55
August. .
September.
.
October. .
HoTember.
December .
1955-Janvwry..
February .
March
i/
.1.8
.52
2.5U
2.57
2.59 i/
2.68 2/
2.78
2.78 i/
.
.
.
3.'t0
3.22
3.26
3.0lt
3.05
1958 .January...
February.
March
3.21*
3.28
3.25
April.
May...
June..
3.20 2/
3.56
July
Auguat....
September
3.36
3.60
3.75
3.59
3.69
3.75
October..
November*
December.
3.76
3.70
3.80
3.26
3.27
3. ''3
3.77
3.67
3.66
1959-January . .
February,,
March
3.12
,
3.91 2/
3.92
3.92
3.67
3.7't
3.91
3.99
l».10
U.12
3.60
3.57
3.57
3.67
3.85
"1,09
It.
It
11
.09
u.oe
It. 12
A.U
4.13
Treasury Bulletin
58
.AVERfGE YIELDS OF LOBC-TEBl BONDS-
o
^
May
1959
59
-DITKRMAL REVENUE COLLECTIONS.
Table 1.- Summary by Principal Sources
Treasury nulletin
60
•INTERNAL REVENUE COLLECTIONS.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
DOLLARS
DOLLARS'
Billions
Billions
Total*
75
50
25
DOLLARS"
Billions
46
44
42
40
38
36
34
32
30
28
26
24
22
20
18
\e[
14
12
10
e\
el-
4
2
O
^-^Fisca/
Year
75
May
1959
61
.MDKETAEY STATISTICS
Table 1.- Money In Circulation
(In
Mimona
of dollare except per capita flgurea)
Paper money
Bid of fleoal
jear or aanth
Total
money In
clroulAtlon 1/
Total
Goll
paper
money
oertirloatee
SllTer
oertlfloatea
Treasury
notes of
1890 2/
Iblted
States
notes
1955
27,809
29,026
30,125
29,922
30,229
1956
1957
1958
30,715
31,082
31,172
29,071
33
33
32
1957-I»cealier.
31,83U
29,TS'i
32
2,156
316
1958 -July
September
31,171
31,371
31,2U5
29,06k
29,255
29,118
32
32
32
2,172
2,170
2,161
Slk
October.
NOTeaber.
December.
31,386
32,036
32,193
29,2UI»
31
31
31
2,153
2,176
2,177
315
317
1959-^IenuBry..
31,125
31,129
31,250
31
2,056
301
31
31
2,078
2,113
304
310
1951
1952
1953
195lt
Auexiflt...
February.
March....
26,231
39
27,3''8
38
37
35
28,359
28,127
28,372
28,767
29,01l0
y
29,87k
30,012
28,986
28,986
29,086
318
318
318
320
3''
2,092
2,088
2,122
2,135
2,170
2,lk8
2,162
2,200
318
321
317
319
Slk
31"'
3U
Federal
Peaerre
notee
9
5
33
..,
.
,
Treasury Bulletin
62
.MOKETABY STATISTICS.
Table 2.- Monetary Stocks of Gold and Sliver
(Dollar amouDte In mllllone)
Gold
Bid of fiscal
year or month
($35 per
fine ounce)
1951
1952
21,755.9
23,3''6-5
1955
22,U62.8
21,927.0
21,677.6
1956
1957
1958
1953
195^
Sliver
($1.29* per
fine ounce)
3,718.5
3,768.5
3,8lU.3
3,863.1
Ratio of allvcr
to gold and
silver in
monetary stocks
(in percent)
IU.6
13.9
1''.5
15.0
3,922.''
15.3
21,799.1
22,622.9
21,356.2
3, 99''.
15.5
I',U6.6
15.''
11,306.0
16.8
1957-Docember.,
22,781.0
U,l85.''
15.5
1958 -July
August. .
September.
21,209.9
21,0U.5
'',309.1
'',313.1
20,873.5
'',31''.
16.9
17.0
17.1
October. ..
November
December.
20,690.0
20,608.5
'',332.0
'',3''7.1
17.''
20,531*.
•,362.5
17.5
1959 -January..,
February.
20,1176.3
'',371.0
20,478.6
March
20,U1.7
A,385.5
4,383.0
17.6
17.6
17.7
.
.
Source: Circulation Statement of united States Money,
silver monetary stock see Tabic 1*.
17.3
For detail of
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
End of caleMar year or month
Gold assets
Uabilltiea:
Gold certificates
Balance of gold in
Treasurer's account
etc. 1/
21,662.5
22,178.8
1,032.9
1,008.2
21,5''5.7
1*83.7
1*89.0
1*91.2
1951
1952
1953
195U
1955
22,695.5
23,187.1
22,029.5
21,712.5
1956
1957
1958
21,9'*9.5
21,1*58.3
22,781.0
20, 53"*.
22,272.9
20,138.2
1958-July
August . .
Se ptember
21,209.9
21,011.5
20,873.5
20,8o8.8
20,612.0
20,U75.8
October.
November.
December.
20,690.0
20,608.5
20,292.7
20,206.9
20,138.2
1959 -January.
February.
20,U76.3
21,690.1*
.
.
.
March
Source: Circulation Statement of Ikilted States Monfy.
1/ Comprises (1) gold certificates held by the public and in Federal
Reserve Banks; (2) gold certificate credits in (a) the gold certificate
20,53'* .3
20,478.6
20,U1.7
21,223.5
21,199.1
20,079.7
20,080.7
20,047.7
U91.2
508.1
396.1
I'Ol.l
399.5
397.7
397.3
1*01.7
396.1
396.6
397.9
394.0
fund - Board of Governors, Federal Reserve System, and (b) the
redemption fund - Federal Reserve notes; and (3) reserve of
$156,0 million against Uiited States notes and Treasury notes of
1890.
May
1959
63
-MONETARY STATISTICS.
Table 4,- Components of Silver Monetary Stock
(in mllllonB of dollare)
Silver held In Treaeury
Zhd of calendar
year or month
Securing allvar certificates 1/
SllTer
bullion 2/
.
.
)
s
.
Treasury Bulletin
Sk
.MOKETAEY STATISTICS
Table 5.- Seigniorage
(Cumulative from January 1, 193
5
- in millions of dollars)
Sources of seigniorage on silver bullion revalued 1/
End of calendar
year or month
Seigniorage
on coins
Silver Purchase Act
of June 19,
Nationalized
silver
193i
Aug. 9, 193A)
46.1
63.7
69.5
91.7
48.7
48.7
48.7
48.7
48.7
226.2
302.7
366.7
457.7
152.2
182.1
245.7
299.6
362.3
48.7
48.7
48.7
48.7
48.7
429.5
491.9
520.5
559.2
578.7
48,
48.
48.
48.
48.
1951
1952
1953
1954
1955
1956
1957
1958
(silver and
minor
1935
1936
1937
1938
1939
18.5
Proclamation
of Dec. 21,
(Proc. of
1933
Acts of
July 6, 1939,
and July 31, 1946
48.3
63.6
65.3
65.4
759.4
799.7
818.9
820.6
820.7
,055.8
,089.0
,048.2
967.3
717.3
87.6
87.6
87.6
87.6
87.6
65.5
66.5
74.5
84.6
93.5
938.1
1,069.6
1,077.6
1,087.8
1,098.1
333.2
161.2
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
104.7
125.4
134.7
109.3
119.2
130.0
139.3
U3.8
U8.4
111.7
81.9
57.2
34.9
6.6
150.8
155.2
156.4
166.0
155.4
159.8
161.0
1,170.6
50.0
72.9
114.0
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
161.8
162.4
164.0
1,166.4
1,167.0
1,168.6
101.9
101.1
98.8
48.7
48.7
48.7
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
164.0
165.4
166.0
1,168.6
1,169.9
1,170.6
106.1
109.4
48.7
833.7
833.7
34.7
34.7
87.6
87.6
166.0
166.8
1,170.6
1,171.4
118.1
122.2
530.7
87.3
4.2
562.7
580.4
584.3
584.3
584.3
34.7
34.7
34.7
34.7
34.7
87.6
87.6
87.6
87.6
87.6
25.7
7
7
7
7
7
701.6
832.1
832.1
832.2
833.6
34.7
34.7
34.7
34.7
34.7
596.6
642.3
694.2
742.2
792.9
807.0
839.6
890.3
932.0
48.7
48
48
48
48
48
48.7
48.7
48.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
1958-July
August. .
September
921.2
923.3
924.6
48.7
48.7
48.7
October.
November
December.
927.0
928.7
932.0
1959-January..
February.
933.5
935.7
19i2
19i3
19/.5
1946
1947
1948
1949
1950
'
274.9
397.5
541.6
758.8
950.6
36.0
58.0
74.9
19U.
Total
seigniorage
on silver
revalued
326.2
422.1
508.1
616.0
705.6
16.8
34.5
34.7
34.7
34.7
34.7
19i0
19il
Potential
seigniorage on
silver bullion
at cost in
Treasurer
account 2/
Newly mined silver
Misc. silver
(incl. silver
bullion held
June U, 193i)
4'^.7
Source: Bureau of Accounts.
1/ These items represent the difference between the cost value and
the monetary value of silver bullion revalued and held to aecure
2/
1U.6
U6.8
129.9
127.2
U.3
lU.O
silver certificates.
The figures in this column are not cumulative; as the amount of
bullion held changes, the potential seigniorage thereon changes.
Table 6.- Increment Resulting from the Reduction In the Weight of the Gold Dollar,
as of March 31, 1950
Allocations of
increment 1/
Exchange Stabilization Fund
$.::,000,000,000.00
12,000,000,000.00
139,299,557.00
139,299,557.00
Payments to Federal Reserve Banks for industrial loans 2/.
Philippine currency reserve
Melting losses on gold coin
Retirement of national bank notes
Unassigned
Total increment
Source:
1/
2/
Charges against
increment
Bureau of Accounts.
The authority, purpose, and amount through 1940 of these allocations
are sujimarized in the 1940 Annual Report of the Secretary of the
Treasury, pages 128-30.
Pursuant to Public I^w 85-699, approved August 21, 1958 (72 Stat. 698)
the $111,753,246.03 unexpended balance of this allocation was covered
$23,862,750.78
23,862,750.78
2,175,121.93
1,857,673.10
645,387, %5. 45
645,387,965.45
317,U8.83
8,776,137.96
8,776,137.96
2,819,501,533.12
Unexpended balance of
increment
2,786,545,195.55
32,956,337.57
into the Treasury as miscellaneous receipts; and the $27,546,310.97
which had been advanced to the Federal Reserve Banks under this
allocation was repaid into a special fund from which it was appropriated to the Small Business Administration to be available for grants
under section 7 (d) of the Small Business Act, as amended.
May
1959
65
.EXCHANOE 3TABIL1ZATI0H FUND.
Table 1.- Balance Sheets as of June 30, 1958, and December 31, 1958
Treasury Bulletin
66
.EXCHANGE STABILIZATION FUND.
Table 2.- Income and Expense
Claaaification
m9
May
67
.CAPITAL MOVQIENTS.
Data relating to capital raovemente between the
United States and foreign countries have been collected
since 1935, pursuant to Executive Order 656O of January 15,
193't,
Executive Order lOOJJ of February
S,
published will be exactly comparable to those now presented.
The first three sections which follow are published
They provide summaries, by periods and by
countries, of data on short-term banking liabilities to
and claims on foreigners and transactions In long-term
monthly.
13^3, and
Treasury regulations promulgated thereunder. Information
covering the principal types of data and the principal
countries Is reported monthly, and Is published regularly
securities by foreigners, and present detailed breakdowns
In the "Treasury Bulletin."
Supplementary Information Is
published at less frequent Intervals. Reports by banks,
of the latest available preliminary data.
bankers,
Section IV provides supplementary data in six tables
which appear at less frequent Intervals. Table 1, shortterm foreign liabilities and claims reported by non-
securities brokers and dealers, and Industrial
and commercial concerns In the United States are made
Initially to the Federal Reserve Banks, which forward
consolidated figures to the Treasury. Beginning April
195'*, data reported by banks In the Territories and
possessions of the United States are Included In the
published data.
The
tenr.
f
"foreigner" as used In these reports covers
and debit balances In brokerage accounts,
organizations.
"Short-term" refers to original maturities of one year or less, and "long-term" refers to all
A detailed discussion of the reporting
coverage, statistical presentation, and definitions
pages
'*5-'^7.
13^'^ Issue of the
"Treasury Bulletin,"
As a result of changes In presentation
published quarterly in the January,
Institutions, are published quarterly In the March, June,
September, and December Issues.
Table 't, foreign credit
official Institutions of foreign countries, wherever
such institutions may be located, and International
appeared In the June
Is
Table 2,
long-terra foreign liabilities and claims reported by
banks and bankers, and Table 3, estimated gold reserves
and dollar holdings of foreign countries and International
all Institutions and Individuals domiciled outside the
United States and Its Territories and possessions, the
other maturities.
Inanclal concerns,
April, July, and October Issues of the Bulletin.
appears annually, beginning with the May I959 Issue.
Introduced In that Issue, not all breakdowns previously
Section
I
-
appears semi-
annually In the March and September Issues. Table 5,
short-term liabilities to foreigners In countries and
areas not regularly reported separately by banking Institutions, Is presented annually, appearing in the April
Issue through 1958 and In the March Issue thereafter.
Table 6, purchases and sales of long-term securities by
foreigners during the preceding calendar year, also
Summary by Periods
Table 1.- Net Capital Movement between the United States and Foreign Coimtriee
(In mllliona of dollars; negative figures Indicate a net outflow of capital from the Uilted States)
9
8
..
9
U
.
U
5
.
U
Treasury Bulletin
68
.CAPITAL MOVIMEMTS
Section
I
-
Summary by Periods
Table 2.- Short-Term Banking LiabilitieB to and Claims on Foreigners
(PoBltlon at end of period In mlUlona of dollars)
Short-term claims on foreigners
Short-term liabilities to forelgnera
Payable In dollars
^d
of calendar year
or month
191*2
foreign
official
1*73.7
1*0.6
708.3
2,972.7
2,262.0
1*9.7
91*8.9
2,91*7.0
l,86l..3
70.
3,001.0
8,61*1*.
1,832.1
2,836.3
2,908.1
3,620.3
1*1*.
,01*1.2
1,657-8
1,527.8
l,6Ul.l
72.2
968.
,21*5.6
l,58l*.9
61.1*
1,01*8.7
l*,308.U
1,629.1*
901*.
,335.1*
1*3.7
1*3.2
1,386.5
7,U6.1.
7,718.0
7,618.0
191*8
2U6.7
257.9
329.7
392.8
1,91*7.1
6,1*80.3
1950
1951
C'jrrencles
2,036.7
2,239.9
2,678.2
2,922.0
5,596.8
6,883.1
191*9
Payable In dollara
Loans to
foreign banks
3,320.3
3,335.2
,205.1*
5,371*.
191*1*
191*7
International
2, 21*1*. I*
1*
191*3
191*5
191*6
Other
foreign
Payable In
foreign
'*,179.3
3,01*3.9
3,1*51.7
13.9
17.9
21.6
25.5
51.0
1,018.7
827.9
896.0
9,302.2
3,51*7.6
1*
10,51*6.1
U,65l..2
1*
11,61*8.1*
5,666.9
6,770.1
6,952.8
1*
'',726.5
1,769.9
1,881.1
8,0U5.1* 1/
5,392.8 1/
1,1*52.1
1*0.3
1*8.8
1,51*8.5
1,91*5.7
15,158.3
16,159.1r
7,916.6 1/
8,663 .4r
5,665.3 1/
5,892.3r
1,517.3
1,544.0
59.0
59.4
2,199.4
2,542.0
1958-July
August
September..
15,384. 2r
15,679.2r
15,647.7r
8,101.4
8,415. 3r
8,411. Or
5,751.2r
5,754.4r
5,675.1r
1,462.9
1,437.3
1,482.8
68.7
72.3
78.9
October. ..
November. ..
December . .
15,9U.6r
16,052.3
16, 159. It
8,664. 4r
8,637.2r
8,663.4r
5,767.2r
5, 864. Or
5,892.3r
1,436.2
1,484.8
16,230.4
16,605.7
16,635.9
8,528.1
8,746.0
8,613.9
6,113.0
6,257.1
6,295.1
1,537.5
1,541.0
1,672.5
1952
1953
195k
1955
1956
12,918.6
13,600.7
11*, 939.1
1957
1958
1959-January....
February p.
March p....
1/
l,5U.O
Beginning tn August I956 and again In April 1957, certain accounts
previously classified as "Other foreign" ara Included in "Foreign official."
Payable In
foreign
currencies
72.0
11*3.7
30.9
86.
137.2
169.7
2U5.O
290.5
31*
98.1
1*90.6
l65.lt
105.1*
100.3
319.6
292.9
361.2
2S2.7
151.1
177.2
557.1
.U
5U.6
1*7.5
100.1*
1*91*. 3
U0.8
506.3
21*0.6
699.1*
91.8
8l'7.5
78.1*
101.6
211.0
163.9
1*05.1*
646.5
969.0
1,056.5
1,390.8
385.5
439.4r
1,666.5
l,904.9r
U7.3
2,489.Ar
2,561.9r
2,5A0.5r
422.3
455.5
444.0
l,886.1r
l,928.2r
l,879.8r
181.0
178.3
216.6
76.8
66.3
59.4
2,577.5
2,487.3
2,542.0
430.4
429.7
439.4r
1,916.6
1,868.4
l,904.9r
230.4
189.2
197.7
51.9
61.6
2,432.2
2,379.5
2,418.8
Ul.O
1,840.0
1,816.6
1,827.4
151.2
151.7
54.2
122.9
156.5
206.5
328.1
411.2
430.4
Preliminary
Revised.
Table 3.- Purchases tmd Sales of Long-Term Domestic Securities by Foreigners
(In millions of dollars; negative figures Indicate a net outflow of capital from the Uolted States)
11*9.6
197.7
161.0
May
1959
69
.CAPITAL MOVQffiHTS.
Section I - Summary by Periods
Table 4.- Purchasee and Sales of Long-Term Foreign Securities by Foreigners
(In millions of dollars; negative figures Indicate a net outflow of capital from the I'nited
States)
Foreign bonds
Calendar year
or month
193 5-a
Purchases
n.a
n.a.
131^
19i3
Sales
Foreign atocka
Net
purchases
Purchases
n.a.
n.a.
n.a.
n.a.
54.8
65.6
42.6
96.7
70.8
198.2
-.4
14.6
-15.0
18.0
-24.4
821.2
715.9
293.3
410.1
763.0
556.1
676.3
388.2
382.3
908.4
265.1
39.0
-94.8
27.8
-145.4
272.3
293.9
310.1
393.3
663.6
749.2
592.8
467.2
348.7
329.6
303.4
-76.4
-35.8
6.8
-251.6
-214.3
-126.1
-29.1
-336.4
772.7
789.1
852.7
1,185.8
1,356.9
1,355.7
1,291.8
1,356.2
1,149.7
1,007.0
924.9
1,486.1
1,387.3
1,366.8
2,014.0
2,718.8
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-79.7
-50.1
4.4
25.8
26.8
48.8
47.4
42.7
81.3
-21.6
-15.9
-32.5
94.7
65.6
91.8
195.9
131.6
119.8
-101.2
-66.0
-28.1
194.5
129.5
231.5
-31.1
-73.2
-127.2
U.l
36.9
38.2
74.8
66.9
73.1
-30.7
-30.0
-34.9
207.5
93.2
142.4
269.3
196.4
304.5
-61.8
-103.2
-162.1
186.1
183.4
88.6
-52.5
-84.2
-26.1
134.9
73.2
84.5
-90.1
-32.3
-39.4
178.4
140.0
107.6
321.0
256.5
-142.6
-116.5
-65.4
19A5
1946
19i7
1948
1949
1950
1951
1952
225.3
347.3
37.3
755.9
658.7
211.6
321.2
589.2
490.4
634.3
291.4
311.5
710.2
265.5
24.5
-79.8
9.8
-121.0
65.2
57.1
81.7
88.8
173.8
500.4
495.3
542.5
792.4
693.3
606.5
699.0
889.0
801.0
677.4
621.5
841.3
509.4
991.5
1,392.0
1,915.1
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026.1
68.9
38.8
42.9
148.5
88.9
38.5
October.
November.
December...
163.4
56.2
104.3
1959-January ...
February p.
March p. .
133.6
99,2
62.5
.
.
.
.
n.a.
P
Not available.
Preliminary,
Net purchases
of foreign
securities
855.5
-7.4
77.7
93.5
-46.6
23.3
26.6
1958-July
August
September.
Total
sales
3.5
4.5
-17.5
74.2
89.0
-29.2
195A
1955
1956
1957
1958
Total
purchases
3,152.6
227.9
391.9
247.4
402.1
372.f5
1953.'/.
Net
purchases
4,008.2
220.5
469.6
340.9
355.4
"•V
Ub.i.
314.3
318.1
19U
Sale
U.8
40.8
45.1
19.3
22.1
6U.9
877.9
875.2
621.9
803.7
'
173.1
.
.
.
.
.
7
B
.
Treasury Bulletin
70
.CAPPTAL M3VH<K8TS.
Section II - Sunmary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
^
(PoBltloD at end of period in mllllopB of dollars)
Calendar year
1959
1958
Country
1955
Europe:
Austria
Belgium
Czechoslovakia.
Denmark
Finland
France
Germany, Federal Republic of.
Greece
Italy
Netherlands
Norway.
Poland
.
.
.
Portu^l,
Rumania.
Spain
Sweden
Switzerland....
1958
1957
1956
September
October
November
413.2
106.6
260.B
108.3
296.4
116.9
348.9
130.2
411.2
115.1
417.6
105.7
425.1
107.9
.7
.5
.7
.6
.5
.5
.6
60.0
49.3
65.5
53.2
112.5
64.5
168.8
68.8
161.9
63.0
162.2
70.8
156.4
64.5
1,080.6
1,454.4
175.7
785.4
163.7
626.2
1,834.5
177.4
929.6
133.7
353.7
1,557.2
153.5
1,078.6
202.5
532.1
1,754.7
412.8
1,732.5
112.4
1,087.2
337.3
468.5
1,761.1
116.6
1,152.0
330.2
1,755.2
120.7
1,132.3
328.5
81.
66.6
2.5
131.8
8.1
3.3
137.0
93.4
3.2
142.1
100.8
3.4
156.5
107.6
4.1
164.6
113.4
4.8
164.6
.9
.8
.9
.7
.8
.8
104.4
43.2
24.3
36.2
32.6
28.1
36.2
217.2
835.8
20.4
260.3
303.4
967.0
851. 9r
20.1
2.2
291.9
799. Ir
10.1
280.9
785.9
16.2
8.9
697.5
152.
756.
Txirkey
126.3
l,120.8r
338.7
129. 6r
4.9
163.0
874.9
1,076.3
281.4
798.5
16.5
1.2
944.9
10.6
9.5
343.7
676.1
11.5
645.6
8.7
692.0
18.3
U.S.S.R
United Kingdom.
.8
.7
550.0
1,012.1
1,275.4
Yugoslavia
Other Europe.
.
13.0
197.1
17.0
276.9
Total Europe.
.
6,146.5
6,864.9
7,La.8
7,709- 9r
7,560.1r
7,643.3
1,032.2
1,515.5
1,623.0
2,019. 2r
1,9U.2
2,059.9
Argentina
Bolivia...
Brazil
Chile
Colombia.
137.9
26.4
143.4
95.2
130.5
U5.7
136.8
U9.8
28.6
224.7
90.6
152.9
26.3
132.2
75.1
152.9
22.2
138.1
100.0
168.8
130.7
20.7
132.6
84.2
136.6
134.2
22.2
130.3
74.2
170.0
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands W. Indies and
Surinam
252.7
64.9
ai.5
235.0
53.6
65.4
386.3
286.5
39.7
41.6
418.2
274.4
48.0
48.4
369.7
275.8
42.5
44.8
382.7
.9
Latin America:
U.8
413.7
68.2
63.7
433.0
46.6
68.6
73.4
79.4
Panama, Republic of.
Peru
El Salvador
Uruguay
V enezuela
Other Latin America.
85.7
92.2
23.9
65.0
264.9
112.1
109.3
U6.3
147. 7r
73.3
455.5
111.2
136.0
59.9
27.2
55.1
835.3
124.4
77.1
26.2
82.4
494.1
131.0
71.7
25.2
79. 9r
513.8
135.6
Total Latin America,
1,999.8
2,345.7
2,575.1
2,401.4
2,290.8r
36.2
55.0
72.8
174.5
36.6
35.5
66.2
76.5
185.7
19.7
36.3
69.7
82.4
150.7
77.3
108.4
55.3
42.7
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
52.8
893.2
45.0
1,016.5
99.4
272.4
60.5
52.2
585.7
117.0
174.5
85.8
Thailand...
Other Asia.
137.9
343.4
U8.3
389.3
156.5
380.2
Total Asia.
2,181.2
2,U5.1
1,946.3
84.8
39.3
40.1
37.6
153.0
Asia:
China Mainland.
Hong Kong
India
Indonesia
Iran
87.9
252.0
38.
83.6
25.5
Other countries:
Australia
Be Igian Congo
Egypt Z/
noioo of South Africa.
All Other
75.1
84.2
41.5
71.6
52.6
119.0
U.2
Total other countries.
359.9
International
Grend total.
13.600.7
50.3
52.9
114.2
36.0
61. 6r
71.7
36.4
65.0
73.1
91.2
43.3
75.6
146.7
70.1
25.8
81. 6r
581.8
135.4
2,393. 8r
36.4
63.6
75.6
99.4
35.2
55.9
39.5
44.9
935. Ir
889. Ir
U5.5
925.3
129.5
158.9
95.6
98.7
127.7
176.6
93.0
133. 3r
U0.5
334.6
317.1
2,205.3r
2,092.4r
176. 3r
78.9
29.8
16.2
29.6
124.9
73.7
31.2
18.2
28.1
126.2
136.3
324.8
2,125.7
76.8
31.4
20.0
29.6
128.0
345.9
354.7
279.3
277.4
285.8
1A52.1
1,517.3
1,544.0
1,482.8
1,436.2
U, 939.1
15,158.3
16,159. Ir
492.0
.7
976.5
December
January
February p
March p
May
1959
71
.CAPITAL MOVBIEHTS.
Section II - Sunmary by Countries
Table 2.- Short-Term Banking Claims on Foreigners
(FbsitioD at end of period in milUons of
dollars)
Country
1955
Europe
Austria
Belgium
Czechoalovakia.
Denmark
Finland
France
Germany, Federal Republic of.
Greece
Italy
Netherlands
Norway
Poland
Portugal
Rumania
Spain
12,1
87,8
i,5
29.9
11,2
.1
1.5
»
4.8
Yugoslavia
Other Europe.
Total Europe...
.
Canada
Latin America
Argentina
Bolivia
Brazil
Chile
C olombia
Cuba
Dominican Repxiblic
Guatemala
Mexico
Netherlands W. Indies and
Surinam
Panama, Republic of.
Peru
El Salvador
Uruguay
Venezuela
Other Latin America,
Total lAtin America.
Asia ;
China Mainland.
Hong Kong
India.
Indonesia
Iran
Israel
Japan
Korea, Republic of.
Philippinee
Taiwan
Thailand
Other Asia
Total Asia
Other countries:
Australia
Belgian Congo
Egypt 1/
Union of South ftfrica.
All other
Tetal other countries
Grand total.
13.2
2.5
8,8
Sweden
Switzerland.. ..
Turkey
U.S.S.R
United Kingdom.
International.
2,0
15.9
7.4
25.7
77.9
109.3
2.0
6.4
.
.
:
Treasury Bulletin
72
.CAPITAL MOVBMKHTS.
Section II - Summary by Countries
Table 3.- Net Transactions In Long-Term Domestic Securities by Foreigners
(In thouBanda of dollars; negative figureB Indicate net sales by foreigners or a net outflow of capital from the United States)
1958
Calendar year
1959
Country
195^
Europe
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
1957
1956
1958
-6
9,886
,923
,685
768
25,355
118
-1,196
-59
-120,635
Germany, Federal Republic of.
Greece
Italy
Netherlands
,761
6,596
3,012
811
-5U
61
,894
,695
422
-42,427
672
39,416
Norway
Poland
Portugal
,580
37,977
19,046
Ruraanla
Spain
Sweden
Switzerland.
Turkey
U.S.S.R
United Kingdom.
Yugoslavia
Other Europe.
.
Total Europe.
Canada
Latin America
Argentina.
Bolivia
Brazil
Chile
Colombia
.
,903
.311
— .''j
-98
Saptemb«r
October
Novwibcr
Deconbvr
-28
-14
-345
-27
1,167
-189
-4,500
4,676
24,868
-16
750
2,571
-1,729
160
742
434
-3,937
-1,018
-4,795
-5
-230
-22
-637
678
-4,476
5,235
125
-14
-186
-2,091
904
1,820
1,337
-5,715
1,871
-7,645
159
-187
174
995
343
-182
202
-1 ,072
jKoaarj
1
-702
-37
9,543
39
6
37
,261
-361
1,603
4,494
663
1,001
-651
-1,,001
346
-47
233,939
-7
6,111
98,302
79
,025
7,659
186
18,303r
-26
2,109
2,053
91
255
19,304r
21
268
-888
346
3,558
396
496
-1
83
-4
-49
158
-1
-387
5
83
-1
-U
-2,249
-321
-62
-117
-1,945
-53
434
8,080
6,789
3,348
95
81
12,947
3,U8
20,459
19,461
79,027
4,339
-32,303
36
-r
-12,228r
120
10,340
-165
23,161
-26
-3,624
38
-1,969
329,117
161 ,019
291,273
-40,197r
-70
264,825
-123,507
-8,357
-202,213
36,982r
-5,812
930
108
1,110
3,782
1,460
3,066
492
1,832
2,260
1,694
1,255
-448
869
281
-333
-623
963
-2,601
410
53 ,677
9,087
778
-29
4,723
-8,738
-20
408
2,028
-68,517
232
1,656
595
11
42
-894
-89
-11
2,561
1,571
533
1,190
3,903
3,810
25,546
1,177
2,628
5,914
3,252
1,709
3,016
804
-157
198
669
524
934
-83
79
606
257
124
4,165
1.483
-23
-8
49
1,012
59
15
354
657
125
-726
-879
-181
-2,533
-1,210
917
-364
-72
-241
289
7,U5
-1,789
670
-57
3,724
3,769
-264
76,166
33,899
8,117
683
5,300
789
15, no
20
153
5,524
219
-2,335
49
-U,777
U7,,487
,374
-4
43
-T
23
-14
12
-8,906
8,296r
-31 ,040
-8,850
-5,546
336
-2,224
12,682
-18,233
-9,272
76,281
-11,254
-7,115
156
-117
-88
261
65
-1
3
:
.^.
^.
Cuba
Dominican Republic
Guatemala
Mexico
Netherlande U. Indies and
Surinam
Panama, Republic of.
Peru
El Salvador
Urugiaiy
Venezuela
Other Latin America.
Total Latin Aawrlca.
Asia:
China Mainland.
Hong Kong
India
Indonesia
Iran
-53
-Ul
2,128
117
1,292
-347
-24
-176
-77
88
477
-102
59
-659
125
U
-208
109
-74
-476
-102
1,293
583
41
97
112
443
-93
-2,837
292
169
416
267
-46,000
2,778
5,425
4,477
3,853
-30
-319
-7
-16
1,174
85
94
58
1
174
12
5
-106
1,641
-5
-2
27
2
-453
-403
4,231
-1,389
91
41
48
98
-280
40
94
27
-236
-a
2
-356
-167
32
9
17
82
Taiwan
-785
1,T51
8
154
945
Thailand...
Other Asia.
154
6,048
545
58
12
5
4,857
9,577
3,542
1,107
2,697
5
Total Asia.
29,121
-1,U6
4,610
2,704
656
3,652
1,2U
-174
60
77
Israel
Japan
Korea, Republic of.
Philippines
254
7Q6
1,096
15
207
-438
-181
-1,694
2
-756
-493
-572
-2
-1,993
-1,091
Other countries:
Australia
Belgian Congo
Egypt 1/
Union of South Africa.
All other
32
128
-21
6,076
3,U9
150
-48
105
129
-786
Total other esuntriea.
6.jftt
3,553
-450
283,453
349
11
-1 ,657
1,114
453
926
U
Ul
International
-29,Jll
81.745
-157 yUO
Grand total
e*).*?-
156,?»
m,77»
-2,703r
167
16
-13
53
-n
-29
1
21
34
118
38
-29
-18
-206
-97
131
-164
-150
679
20,16»
-23,25*
7,458
12
-26
5,705
U,648
3,506
55,026r
9
U
-22
-32
-49
355
209
-13
-1,105
-29
-77
329
561
3,955
February p
May
1959
73
.CAPITAL MOVBffiHTS.
Section II - Sunmiary by Countries
Table 4.- Net Transactions In Long-Term Foreign Securities by Foreigners
(In thousands of dollars; negative figures Indicate net sales by foreigners or a net outflow
of capital from the United States)
Calendar year
1958
1959
Country
1956
1957
-587
-6,985
-3
15,356
179
-584
5,955
-13
3,416
2,202
2,402
6oe
3,387
288
3,256
France
Germany, Federal Republic of,
Greece
Italy
Netherlands
5,A01
A, 662
60
1,783
-24,275
16,725
19,000
17,602
1,065
-992
Norway..
Poland . .
Portugal,
Rumania .
Spain
-20,090
-234
284
-7
-285
-1,332
1955
Europe
Austria
Belgium
Czechoslovakia,
DennArk
Finland
Sweden
Switzerland,
Turkey
D.S.S.B
United Kingdom.
U,233
-791
63
3,648
3
53
1,153
1,010
224
5, ice
203,837
885
4,585
-8,641
18,912
99,082
-912
7,345
-234,089
1,209
731
-1
240
-4,461
-4,088
1,011
-1,000
-313
-11,786
-1,631
9,065
-16,325
2,079
-17,228
384
3
-7
U7
-4
358
-5
3,513
59
748
514
390
66
-57
36
-38
15
495
19,594
519
27,904
691
92,200
-16
-376
8,140
19
6,391
-7
43
239
2,458
-85
17
-1
Yugoslavia, ,
Other Europe.
-5
1,642
-250
-648
35
-35,745
Total Europe,
-45,523
8,414
74,154
-U7,162
231,066
-;;2,227
-1,558
3,621
1,058
-L44
21
6,262
-62
1,961
6,469
2,868
523
42
U8
5,763
228
9,074
December
1,153
3,909
Cuba
Dominican Republic
Guatemala ......,.,,,,,,,,,
Mexico
Netherlands W. Indies and
Surinam, ,
-18,018
21,299
October
-359
2,311
-59,218
Latin America
Argentina.
Bolivia,,.
Brazil....
Chile
Colombia..
September
-68
8,067
-17,442
3,845
January
February p
March p
2,399
29
1,707
1,520
146
3,902
-134
-15,202
137
-3,572
426
-1
-7,015
17,827
-U,289
-4,443
-2,207
173
2,004
-15,172
32
7
-3
-35,235
Canada
1958
-27,801r
1,982
117
1,607
6
-r
-3,207r
24
-26,268
-1
-48
-202
-543,274
11,597
-10,017
-31,848
-9,605
-370
-6
169
-5
178
3,339
-442
69
4,979
812
2,421
Ul
173
806
-350
-14
13,488
-152
-80
-60
17,060
246
-433
12
-U
292
8,697
913
37
-6
24
3
2,072
369
-1
495
3
-9,766
-1,733
-66,8
52
32,775
-28
38
-20,466
-436
-11,681
-5,831
-1,119
6
184
-26,797
-88
589
338
80
U5
301
U
-600
10
U9
5,407
-106
-38
4
187
13,592
339
2,821
-7
-1,035
-39,233
7,577
4,655
13
5
-1,386
2,303
-3,056
1,166
-8,515
-36,676
-58,661
-12,897
-22,498
U
-59
-13 ,518
29
-10
-79
60
99
-846
139
-199
-38
-2,035
-70
47
15
355
162
-184
54
112
201
-1
649
65
-111
6
126
347
851
-1,586
-95
168
9
-U
-8
3
-20
13,128
16
-249
168
237
3,356
176
1,547
27
-42
328
20
155
-809
2,875
-974
9
580
-2,055
-5,554
106
-13,669
-2,310
-72
-1,642
-8,045
-443
901
-23
397
39
95
2,659
54
5
163
3U
-255
491
-1,805
576
95
-54
-34
-500
294
-148
-3,276
-16,502
-322
-703
3,532
253
-10,266
2ce
-47
-209
836
114
191
45
El Salvador
Uruguay
Venezuela
Other lAtin America,
-1,186
-394
487
1,798
-1,871
-861
38
-375
-1,017
-9,U9
Total lAtla America.
23,506
17,184
15,109
4,»58
1,910
-1,102
463
-5,735
4,810
-3,017
-8,659
56
5,125
436
184
70
3,205
-331
-103
U,4.90
28,318
-50
1,413
-3
21
2,401
11
2,563
-2
4,128
6
2,159
350
143
72
42
1
1
21
5
210
11
1
J
-2,840
-31,670
-4,074
28
Panama, Republic of.
Fbru
Asia:
China Mainland.
HoDg Kong
bidia
Indonesia. .....
Iran
8
-34
21
765
1,028
2
-832
-9
265
-358
-2
-4
-1
129
19
-5
1,015
2
-1
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
-41,736
601
-53,088
-54
-46,677
598
-1,401
-4,065
208
-5,903
-8,615
49
51
-1.949
358
245
450
-50,564
677
10
659
-25
-693
-52
-71
-116
-32
-691
-3
-65
-1
Thailand
Other ialA.
-657
-11,272
1,308
8,071
-525
-9,874
-185
-27,167
604
-2,062
3
3
-1,681
-1,806
-4,042
-5,881
-698
-5 ,681
-4
-4,309
-39,962
-45,188
-44;843
-1,737
-3,030
-5,764
-7,529
-9,2U
-8,030
-48,725
-40,676
Total Asia
-23,709
6,051
-U,434
33
-2«Q
-21,932
-250
1,870
6
8
283
-16,099
-1,081
-2
5
2
257
-1
296
U,850
-19
-21,796
-1
469
6,805
-308
175
-1
-481
383
56
78
-2,423
886
6
Jther oountriea:
Auatralla
Belgian Congo
Egypt i/
Union of South Africa.
All other
Total other countries.
International
QraiKl
y
total
-343
5,633
1,221
1,003
-5,546
34
-10
-4
1
2
1
-22,175
-32,111
-48
-4,786
10
-21,384
-9,457
-4,813
-22,399
-31,089
695
-2,046
2,816
57_
-7,30B
-16,428
-U9,625
-33,207
-33,130
-383,7©
-557,576
3,364
-U,39e
-5,734
-95,713
-43.561
5,984
-5,276
-26,534
-30,424
-722,U3
1,362,532
-28^090
-61,790
-193.222
-162,099
-142 ,607
-116,542
.511,084
-65,U5
l*rt of Daltaii irab RepubUc (Egypt and Syria) since February 1958,
Data OB tranaactlons by Syria are not available separately, b«t are
Included In •Other Asia."
p
r
Preliminary,
Revised.
7*
Treasury Bulletin
.CAPITAL MOVEMENTS.
Table
1/
1.-
Section III - Preliminary Details by Countries
Short-Term Banking Llabilltiee to Foreigners ae of March 31, 1950
Part of United Arab Republic (Egypt, and Syria) olnce February 1958.
Data on liabilities to Syria are reported annually and appear in
Section IV, Table 5.
May
m9
75
.CAPITAL MOVBffiHTS.
Section III
Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of March 31, 1959
-
(Poaltlon Is thomaoAa of
1/
Part of United Arab Republic (Egypt and Syria) since February 1958.
Data on claims on Syria are not available separately, but are
included in "Other Asia.'^
doUan)
:
..
:
Treasury Bulletin
76
.CAPITAL MOVIMEHTS.
Section III
-
Preliminary Details by Countries
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners during March 1959
(In thousands of dollars)
Seles by foreigners
Purchases by foreigners
Domestic securities
Country
Total
U.S.
purchases Govemjnent
bonds and
notes
Corporate and
other
Foreign securities
Domestic securities
Foreign securities
Total
D.S.
sales
Government
bonds and
notes
Corporate and
other
Bonds
Stocks
Europe
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Ciermany, Federal Republic of.
Greece
Italy
Netherlands
Norway
Inland
Portugal
Rumania
Spain
6,537
115
6,000
15,565
3,988
230
l,83i
13,897
52
10
15
4
22
775
10,069
8,111
537
329
374
104
.
Total Europe.
CAnada
U2
U5
308
2,108
710
653
388
87
Ul
549
3,203
14.024
745
80
5,682
1
100
57
45
1,007
2,198
347
6
106
1,330
21,536
4,506
249
1,415
42,365
1,204
7
384
320
432
74
7
481
8,878
243
31
554
U
32
26,024
9,503
1,000
7
63
12,U7
980
716
858
1,0U
6,461
29
21,882
785
7
178
296
25
358
1,332
1
700
86,187
66
5,869
55,961
6,369
1,625
5,246
20
270
2U
5
359
79
85,769
77
4,770
63
378
637
2,084
78
56,165
2
618
6,980
397
1,746
110,180
27
1,669
12,633
1,419
224
1,250
4,808
490
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom.
Yugoslavia
ther Europe .
34
4,413
63
6,767
13
438
3,999
107
69,553
U2
5,628
58
37,250
3,160
3,965
738
92
1,466
1,583
86
1,760
105
1,152
248
232,086
31,675
11,533
140,001
32,975
15,902
223,531
8,404
7,335
136,417
33,348
80,679
3,598
U,901
25,831
9,843
26,506
111,909
5,369
15,561
30,832
16,U7
1,222
179
1,596
1,483
2,208
73
U
1,063
28
U
1,057
916
173
88
1,179
927
338
6
320
337
1,760
24
161
22
111
1,241
1,119
1,109
1,018
927
178
62
100
917
3,956
651
10
166
2,6U
441
84
4,498
5
5
70
228
4,024
69
59
158
Latin America
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands U. Indies and Surlnaa.
178
201
Uruguay
Venezuela
Other Latin America
4,194
2,710
6,840
399
44
3,927
3,420
5,768
Total Latin Amarlca
38,325
Panama, Republic of
Peru
El Salvador
18
55
50
201
660
384
2,495
1,522
440
378
29
5U
5,593
375
372
10
U
U9
599
277
302
U
4,939
3,215
5,774
631
101
78
111
2
66
51
208
564
234
169
90
630
488
3,4U
1,753
3
3,611
587
3
98
760
31
1,405
2
678
319
38
2,651
2,974
2,201
427
50
2,639
659
305
3,592
2,675
14,316
191
24
585
2U
17
35
2,409
2,197
1,974
127
381
11,900
1,776
2,996
24,508
6,984
2,061
44,676
1,448
2,030
23,494
15,822
616
274
171
53
Asia:
48
99
23
7,090
38
48
99
275
59
25
31
193
70
Thailand
Other Aala
Total Asia
Chine Mainland.
Hong Kong
India.
Indonesia.
Iran
Israel
Japan
Korea, Republic of.
Phil Ipplnes
Taiwan
Other countries:
Australia
Belgian Congo
Egypt 1/
Union of South Africa.
All Other
Total other countries.
International
Grand total.
1/
29
7,983
41
3
115
6,198
36
22
68
115
5,542
31
18
106
67
4,355
90
32
89
178
70
120
19
101
32
717
32
696
10
30
5,171
9,546
8,337
886
310
16,224
2,111
45
94
41
1,995
4
22
2
1
2,767
1,575
98
1,450
2,463
39
206
84
172
16
12
1,853
1,269
1,176
6,500
1,684
4,501
313
3,322
1,297
8,664
375,800
1,054
37,052
30,496
242
21
1
Part of United Arab Republic (Egypt and Syria) since February 1958.
Data on purchases and sales by Syria are not available separately,
but are included in "Other Asia."
62,528
45,092
412,387
4,089
13
109
26
4
8U
4,317
6,878
8,624
25
U
12
70
1,712
30
1,7U
12,615
12,725
7,339
200,632
2L4
15,330
25,074
198,918
88,600
May
/9J9
77
.CAPITAL MOVBffiMTS.
Section IV - Supplementary Data by Countries
Table 6.- Purchases and Sales of Long-Term Securities by Forelgmers during Calendar Year 1958
(Id thousands of dollars)
Purchases by foreigners
Domestic securities
Total
purchases
Country
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic
Greece
Italy
Netherlands
U. S.
Government
bonds and
notes
8,253
88,177
1,535
Sales by foreigners
Foreign securities
Corporate and
other
Stocks
Bonds
Domestic securities
Total
sales
n. S.
Government
bonds and
notes
Sondd
12
454
7,U0
4,580
23 ,499
45,906
347
12,657
27,289
71,673
901
3,296
Foreign securities
Corporate and
other
31
3,334
Bonds
552
27,779
25,769
30,885
36
6,379
3
of.
10,934
7,310
2,928
1,507
2,469
30
3,535
7,277
495
196,353
13,388
120,412
1,579
8,205
26,565
39
3,880
2,037
73,856
8,731
1,219
9,371
41,201
53,019
3,071
4,188
23,736
110,138
12,370
1,520
1,351
1,224
11,643
172,206
1U,568
43,720
10,834
1,056
28,692
10,815
14,520
351,872
22,203
854
Norway
Poland
Portugal
Rumania
Spain
149,761
26
8,901
113,782
6,122
5
1
631
6,800
18
4,221
4,715
84
229
3,484
Sweden
Switzerland
Turkey
D.S.S.R
United Kingdom
26,5'^
784,731
338
15,849
55,074
3,7U
79,173
1,516
469,468
330
3
7,000
6,684
U,U9
2,650
4,504
949
2,627
693
2
2,178
40,443
12,503
28
4,207
2,078
9,521
622
6,895
631
6,702
74,747
6,623
1,362
7,766
53,746
7,060
20,974
2,515
1,077
25,842
98,768
1,432
22
2
37,572
9
40,435
3,427
15
839
263,504
1,810
2
147,783
59
3,672
377
3,279
5
573
8,201
26
2,165
UO
96
594
324
7,021
99
209
5,738
796
179
5,1U
116,998
380
64,018
4,701
45,280
1,472
484,019
4,591
36,827
212
51,989
3
21,543
724,834
318
10,567
106,719
5
281
9
15
42,854
79,813
57,581
3,048
13
22, U4
267,407
21,605
266,975
49,496
45,370
652,955
240,737
33,042
76
120,869
51
11.493
33
1,319
15
29,717
41
15,406
31,994
18,398
2,272,679
508,925
157,175
929,089
465,431
212,059
2,384,948
559,549
112,875
962,962
297,675
451,887
891,270
169,151
155,689
184,177
159,989
222,264
1,636,757
284,990
199,488
226,752
637,739
287,788
11,532
1,355
15,096
9,778
6,418
523
8,584
1,198
7,135
6,711
3,022
1,366
86
493
64
610
48
1,686
3,094
322
964
11,567
3,587
849
97
536
11
556
273
80
8,246
1,479
7,656
8,607
2,555
732
4
6,7U
11,693
1,619
10,740
265
18
566
7
551
152
102
1,569
77
1,778
1,386
6,833
7,U3
33 ,617
2,846
3,136
74,801
4,632
36,677
168
932
110
25
526
772
3,749
20,305
4,654
35,1U
19
1,421
8
2,170
590
1,516
23,857
93
7
122,244
809
884
3,405
22,389
46,279
1,858
10,287
28,493
2,604
3,037
19,186
1,210
2,923
10,959
2,156
1,938
4,045
4,459
7,872
479
29
2,253
2,557
2,254
71,312
4,622
2,516
48,889
39,156
30,817
3,525
31
36,710
3,202
290
37,685
29,632
8,850
745
4,895
432
2,190
650
1,937
6,553
212
88
2,980
589
927
19,629
Venezuela
Other latin America.
56,917
3,300
1,632
49,888
38,199
21,468
2,124
2,629
4,659
18,336
3,405
3,626
767
Total latin America.
373,613
28,431
414,755
87,830
23,773
216,235
62,113
24,804
25
2,793
181
585
1,284
113
307
1
180
11
20
24,125
7
618
27,739
1,762
284
58
7
13
251
222
5
5
235
1,262
704
35
1,114
526
47,273
2,019
1,333
24
1,999
209
24
648
1,456
595
21
609
38
612,926
Yugoslavia
Other Europe
90,977
Total Europe
Canada
I^tin America
Argentina. . .
Bolivia.
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands West Indies and
Surinam
229,480
74
53,575
961
2,480
54,735
3U
182
Ul
9
309
452
740
4,058
252
115
2,076
31
5
80
5,283
2,616
64
37,558
2,452
37
161
1,110
526
1,280
2,492
1,636
1,726
36,720
27,499
9,625
2,983
255
1,405
7,313
5,981
6,583
19,029
34,071
228,738
63,3U
60,288
323
384
1,432
326
20
306
28,374
21
47
3
178
28,489
276
313
411
1,003
15
243
4,073
3,892
10
784
125
1,350
821
1,728
2,499
201
U2
50,659
3,866
39
620
462
327
583
58
75
1
184
6
3,875
1,726
Thailand
Other Asia
2,817
22,920
7
139
188
14,882
7,U3
2,616
196
6
260
46,545
12,034
133
134
6,755
2,805
27,364
259
Total Asia
98,124
15,656
1,452
40,551
36,812
3,653
140,263
17,795
1,238
35,922
81,963
3,345
7.817
137
U
6,994
34
U
25
6
141
269
186
Panama, Republic of.
Peru
El Salvador
Uruguay
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea^ Repiiblic of.
Philippines
Taiwan.
50
223
12
17
305
198
232
15,487
9,856
2
43
774
U6
608
162
156
468
7,341
Total other countrtes.
33,590
913
611
8,735
International
1/
669,461
4,338,737
5
73
2,9U
2
3
566
205
51,321
15,861
123
1
2
38
288
344
8,873
48,268
21,664
33,623
1,806
35,841
730
565
809
183,665
227
371
10,111
137,115
943,584
237,163
6,285
1,635
698,501
5,703,972
1,187,554
344,030
12,357
5,986
140,922
1,223,867
361,355
1,397,276
889,020
201
467,219
2
but are Included In •Other Asia.'
2
1
22,522
3
U,773
17
995
3
52,101
16,345
127
82,275
32,817
510,193
Part of United Arab Republic (Egypt and Syria ) since February 1958.
Data on purchases and sales by .Syria are not available separately.
3
1,854
27
13
2
2
1,189
Other countries:
Australia
Belgian Congo
Egypt 1/
Union of South Africa,
All other
Grand total.
U
1
1,453,617 1,915,106
803,665
Treasury Bulletin
78
.CORPORATIONS AND CERTAIH OTHER BUSIKESS-TrPE ACTIVITIES.
The current financial statemente of corporations and
published qusirterly and appear as Section I In the series
certain other buslnesa-type activities of the United States
of tables.
Government which appear In the 'Treasury Bulletin" begin-
for March 3I, 1956,
ning with the August 195^ Issue are compiled from reports
Bulletin.
submitted to the Treasury under Department Circular
s^jpllcatlon of funds are published semiannually, for June 30
Issued January 30, I956,
No. 966,
Issued June
1,
I956.
and Supplement No. 1,
The regulations so Issued are pur-
suant to Section n't of the Budget and Accounting Proce-
The first data under the new regulations are
and were presented In the August I956
Statements of Income and expense and source and
and December
"}!
reporting dates, and appear as Sections II
The first of these statements under the new
regulations cover the fiscal year 195^, and were published
and III.
dures Act of 1950 (31 U.S.C. 66 b), and represent another
step In the program of comprehensive and integrated Qov-
In the January 1957 Bulletin.
ernment accounting and financial reporting for which
authority was provided In that act. They supersede
public enterprise revolving funds,
Budget-Treasury Regulation No. 3, Issued under Executive
Order No. 8512 of August I3, 1940, as amended by Executive Order No. goSi^ of March 3, 19^2, under which financial statements previously published In the Bulletin
were submitted.
Within the sections, the
agencies are grouped In separate tables by type, as follows:
Intragovernmental
revolving funds, certain other activities, deposit funds,
and trust revolving funds.
Supplement No,
1
added to the coverage by Including
all executive agencies and activities not reporting under
Depsirtment Circular No. 9^6,
but required only a statement
of financial condition annually as of June
In coverage,
Department Circular No. 966 requires
submission of financial statements by all wholly owned
and mixed-ownership Oovemment corporations specifically
Included In the Government Corporation Control Act, as
amended
{
3I U.S.C.
SU^,
S56);
and all other aotlvltlee
of the Oovernment operating as revolving funds for which
business-type public enterprise or Intrtigovernmental fund
budgets are required by the Bureau of the Budget.
Other
activities and agencies whose operations, services, or
functions are largely eelf-llquldatlng or primarily of
a
revenue-producing nature, and activities and agencies
whose operations result In the accumulation of substantial
Inventories,
Investments and other recoverable assets,
"^O,
These are
mainly not business-type activities, and those which had
not yet developed formal accounting procedures to provide
complete balance sheet types of statements were authorized
temporarily to report only the asset side.
Thus the sup-
plement rounds out provision for the Information on
properties and assets of the United States Oovemment which
the Treasury has been asked to furnish to the Conmlttee on
Government Operations, House of Representatives, for a
continuing study of the assets of the Government. The
first comprehensive reporting under Supplement No.
1
Is
for June 30, 1957. and the data were published in the
December 1957 issue of the Bulletin as Part B of Table k
in Section I.
may be brought under the regulations as agenoy accounting
systems are developed to the point where they are capable
Department Circular No. 966. They are statements of
financial condition. Income and expense, source and
A summary of loans outstanding for a series of dates
included in Section I of U e Bulletin presentation
beginning with the June I958 iseue. Two classifications
of the loans are shown, one by type and one by agency.
Data prior to 195^ are based on the earlier reporting
application of funds, and certain commitments and contin-
requirements, which provided for complete coverage of
gencies.
Government lending agencies.
of furnishing the financial reports required.
is
Four kinds of financial statements are called for by
The statements of financial condition are
May
1959
79
.COEPOEAnOHS AHD CERTAUT OTHEE BDSIHESS-TIEE ACTTVITIES.
Section II - Income and Expense for the Six Months Ended December 31, 1958
Table 1.- Summary by Specified Classee of Activities
(In thousands of dollars)
Account
Treasury Bulletin
80
.CORPORATIOHS AND CERTAIN OTHKR BUSINESS-Tn^ AUTiVi'i'iES.
Section
II
Income and Expense for the Six Months Ended December 31, 1958
Table 2.- Public Enterprise Revolving Funds
(In thousands of dollars)
May
1959
81
.CORPORATIONS AND CERTAIN OTHER BDSIRESS-TTFE ACTTViniS.
Section
- Income and Expense for the Six Months Ended December 31, 1958
Table 2.- Public Enterprise Revolving Funds - (Continued)
II
(In thousands of dollars)
Treasury Bulletin
82
.CORPORATIONS AHD CERTAIH OTHER BUSIRESS-TTPE )*CnVITIES.
Section II - Income and Expense for the Six Months Ended December 31, 1958
Table 2.- Public Enterprise Revolving Funds - (Ckintlnuedl
(In thousands of dollars)
May
1959
83
-CORPORATIOHS AHD CERTAIN OTHER BUSIMESS-TIPE ACTIVITXES.
Section
- Income ai\d Expense for the Six Months Ended December 31, 1958
Table 2.- Public Enterprise Revolving Funds - (Continued!
II
(In thousands of dollars)
Treasury Bulletin
8k
.COKPORAnOBS AND CERTAIR OTHER BOSIKESS-TYFE ACTIVmES.
Section II - Income and Expense for the Six Months Ended December 31, 1958
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousanda of dollars)
May 1959
«5
.CORPOIUa?IONS AND CERTAIN OTHER BDSINESS-TYFE ACTIVITIES.
Section II
- Income and Expense for the Six Months Ended December 31, 1958
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Bulletin
86
.CORPORATIOHS AHD CERTAIH OTHEE BOSIHESS-TyEE
Section
II -
AL'i'lVi'i'JJiS.
Income and Expense for the Six Months Ended December 31, 1958
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
May
1959
87
.CORPORATIONS AND CKRTAIN OTHER BUSIRESS-TYPE ACTIVITIES.
Section II - Income and Expense for the Six Months
Ended December 31, 1958
Table 2.- Public Enterprise Revolving Funds (Contlnuedl
(In thousands
oi:
dollars)
Commerce Departirent - (Continued)
Maritime
activities(Continued)
War risk
insurance
revolving fund
Inland
Wsterways
Corporation
Defense
production
guaranties
Defense Department
Air Force
Department
Army
Department
HEW Department
Navy
Department
Public Health
Service
Operation of
commissaries,
narcotic
hospitals
Defense production guaranties
INCOME AND EXPENSE
Income:
Sales of goods and services
Interest:
On public debt securities
Other interest income
Guaranty and Insurance premiums.
Other major Income items
Other income
103
139
Total income.
87
463
302
139
Expense:
Direct cost of goods and services sold:
Cost of commodities 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
302
1
57
59
26
Other gains, or losses (-}:
Charge-off s
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
valuation allowances
139
A91
i:i9
4^1
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 loss (-) , for the period.
Charges (-), or credits, applicable to
16^
prior years
-1
Net income, or loss (-) , transferred to
accumulated net income, or deficit (-}.
CHANGES IN ACCUMULATED NET INCOME OR DEFICIT
Balance at end of previous fiscal year
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
Balance at end of reporting period.
Footnotes at end of Section
III.
7il
162
-1^,529
138
11,195
L91
5,172
8,677
276
-U,390
11,687
5,216
8,95-i
(Continued on following page)
i8
-3
Treasury Bulletin
S6
.COKPORAnOHS AHD CERTAIH OTHEE BUSmESS-TTPE
AJ'i'lViTlhS.
Section II - Income and Expense for the Six Months Ended December 31, 1958
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
'May 1959
.
COB
Section II - I
Table
Treasury Bulletin
90
.COKPORATIOHS
Section
MD
CERTAIN OTHER BUSIHESS-1TPE
ACnVmES.
- Income and Expense for the Six Months Ended December 31, 1958
Table 2.- Public Enterprise Revolving Funds - (Continued)
II
(In thousands of dollars)
May
1959
91
-CORPORATIONS AKD CERTAIN OTHER BUSINESS-TYPE PCnTTIIES,
Section II - Income and Expense for the Six Months EMed December 31. 1058
Table 3.- Intragovernmental Revolving Funds
{In thousands of dollars)
Legislative
Branch
Total
1/
Government
Printing
Office
INCOME AKD EIFENSE
Income:
Sales of goods and services
Interest
On public debt sectirltlea
Other interest income
Gu&rant7 and Insurance premiums
Other major income items
Other income
726,982
.,
Total incaoe
Expense
Direct coat of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-)» or decrease » in:
Work- in- process
Finished goods
Other operating expenses
Depreciation
Administrative expeuBee
Grants and contributions
Interest expense:
Interest on borrowings from the U. S.
Treasury
Other
Other major expense items
Miscellaneous expense
880
2,697
1,583
730,559
46,795
213,327
35.77i
^5,576
13-i,865
520
11,063
1,U8
-174
Other gains* or losses (-):
Charge-offs
Gain» or loss {-), on sale of fixed assets
Gain» or loss (-)» on sale of other assets
Other
Total other gains
f
or losses (-)
»
before change in
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
or decrease, In
,
allowances for losses
21
22
Net increase (-)
Net income, or loss (-}, for the period
Charges (-) » or credits, applicable to
prior years
Net income, or loss (-) , transferred to
accumulated net income, or deficit (-)
_4I_
23,711
120
23,831
CHANGES IN ACCUHILATED NET INCOME OR DEFICIT
Balance at end of previous fiscal year
Net income, or loss (-)
Capital transfers of earnings or profits
to the U, S, Treasury {-)
Other
32,782 r
23,831
Balance at end of reporting period
51,632
Footnotes at end of Section III.
13,285
15,565
13,591
-1,188
257,257
8,695
Total expense
Net income, or loss (-)
valxiatlon allowances
-i5,211
--i,980
2,045
346
819
Treasury Bulletin
92
.CORPORAnONS AHD CERTAIIf OTHER BOSUOSS-TYEE ACTIVITIES.
Section II - Income and Expense for the Six Months Bnded Decenber 31, 1058
Table 3.- Intragovernaaental Revolving Funds - (Continued)
(In thousands of dollars)
\
May 1959
Treasury Bulletin
9"*
.COKPOR>*nOHS AMD CERTAER OTHES BUSmESS-TIPE
Section II
-
Incoflie
JU/TiVi'i'ifiS.
and Expense for the Six Months Ended Deceober 31* 1058
Tabl e 4.- Certain Other Activities
(In thousanda of dollars)
May 1959
Treasury Bulletin
96
-COEPORATIONS AND CERTAIH OTHER BUSmESS-TTPE
Section
II
-
Income and Expense for the Six Months Ended December 31,
Table 5.- Certain Deposit Funds
(In thousands of dollars)
1958
May
m^
97
.COEPORATIONS AMD CERTAIH OTHER BDSIKESS-TTPE ACTIVITIES.
Section
II
Income and Expense for the Six MonthB Ended December
31, 1958
Table 6.- Certain Trust Revolving Funds
(In thousands of dollars)
Treasury Bulletin
9«
.CORPORATIONS AHD CKRTAIN OTHER BUSIMESS-TYFE ACTIVITIES.
Section III - Source and Application of Funds for the Six Months Ended December 31, 1958
Table 1.- Summary by Specified Classes of Activities
(In thousands of dollars)
Account
May 1959
99
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE
ACT .LVlT.LliS .
Section III
-
Source and Application of Funds for the Six Months
Ended December 31, 1958
Table 2.- Public Enterprise Revolving Funds
(In thousands of dollars)
Office of
Civil and
Defense
Mobilization
Total
1/
Account
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..,
Purchase, construction! or improvement of
fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
3,698,786
4,a3
19
12
56,801
3,151,808
416,588
Total funds applied to operations
7,471,024
3,902,628
FUNDS PROVIDED BY OPEBATIONS
Realization 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 Government
enterprises
Other
774,621
10,557
2,011
14
71,820
Total realization of assets
Capital stock issued to the public...
Income
Decrease in selected working capital.
2,927,712
33.912
Total funds provided by operations...
3,820,645
Net effect of operations on expenditures
(excess of funds applied, or provided {-))
3,650,378
,
,
Development
loan
fund
75,511
Total acquisition of assets
Operating and other expenses {excluding
depreciation)
Increase in selected working capital,
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S.
Government:
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U. S. Treasury
Other
Civil defense
procurement
fund
2,915,856
4,432,171
68,033
169
Total increase in investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
7,416,230
39,326
17,136
Total funds provided by financing
7,652,132
FUNDS APPI.TTg n TO FINANCING
Decrease in investment of the U. S.
Government:
Appropriations lapsed) rescinded, or
transferred
Repayment of borrowings from the U. S.
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
2,968,729
179,4^
24,951
27,966
*
8,329
Total decrease in investment of the U. S.
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances.
3,029,975
38,091
55,335
878,352
Total funds applied to financing
4,001,754
Net effect of financing (excess of funds
applied (-), or provided)
3,650,378
4,431
56
Treasury Bulletin
100
.CORPORATIONS AHD CERTAUl OTHER BUSINESS-TYPE ACTIVITIES.
Section III
Source and Application of Funds for the Six Months Ended December 31, 1958
Table 2.- Public Enterprise Revolving Funds - (Continued)
(Id thousands of dollars)
May /9?9
101
I
.CORPORATIONS AHD CERTAIN OTHER BUSISBSS-TIPE ACTIVITIES.
Section III
-
Source and Appllca tlon of Funds for the Six Months E^ded December
31, 1958
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
United States
Information
Agency
Small Business Administration
Saint
Lawrence
Seaway
Development
Corporation
Revolving
fluid
Reconstruction
Finance
Corporation
liquidation
fund
Tenneasee
Valley
Authority
Informational
media
guaranty
fund
FUNDS APPLIED TO OPERATIOMS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction} or improvement of
fixed assets
Purchase of securities other than public
debt and issues of wholly ownsd Govemnent enterprises
Other
75,694
35
11,133
49,
a9
1,756
5,137
Total acquisition of assets
Operating and other expensea (excluding
depreciation)
Increase in selected working capital
L2,889
75,729
355
7,988
5,073
Total funds applied to operations
13,
2U
FUNDS PROVIDED BY OFERATIOMS
Realization of assets:
Repayment of loans
Sale of acquired secxirity or collateral .
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
49,419
5,137
435
163
82,649
238
530
88,789
598
132,069
5,904
25,516
70
2,545
28
1,166
Total realisation of assets
Capital stock issued to the public. .
Inccne
,
Decrease in selected working capital.
Total funds provided by operations...
15
238
25,601
2,811
1,166
1,756
6,083
268
1,756
31,685
3,07>
124,515
3.895
129,577
11,^88
57.105
-2.^80
2.492
2
at
effect of operations on expenditures
(excess of funds applied, or provided (-))
FUNDS PROVmED BY FINANCING
Increase in investment of the U. S.
Government:
Appropriations enacted
Borrowings from the U. S. Treasiiry
Capital and surplus advances from the
0. S. Treasury
Other
200,000
16,850
200,000
16,850
200,000
16,850
11,300
Total increase in Investaant of the U..S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances,
,
Total funds provided by financing
,
11,300
188
11,488
FUNDS APPLIEL TO nNANCING
Decrease in investment of the U. S.
Government:
Appropriations lapsed , rescinded i or
transferred
Repayment of borrowings from the D. S.
Treasury
Repayment of capital and surplus advances
troa the 0. S. Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
1.915
Total decrease in investment of the U. S.
Government
Decrease in borrowings frcm the public
Increase in investjaent holdings
Increase in selected cash and fund balances.
142,895
2,477
12,443
TotAl funds applied to financing
142,895
2,480
14,358
57,105
-2,480
2,492
1,915
,
Net effect of financing (excess of funds
applied (-), or provided)
,
,
11,488
(Continued on following page)
Ireasury nulletw
102
.CORPORATIONS AMD CERTAIN OTHJSS BDSINESS-TYEE
Section III
ACnVmES.
Source and Applica tlon of Funds for the Six Months Ended December 31, 1958
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thouoanda of dollars)
Mail 1959
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE
Afri'lV ITl
h!P;.
Treasury Bulletin
lOl-
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TIPE ACTIVITIES,
Section III
-
Source and Application of Funds for the Six Months E^ded December 31, 1958
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Mau 1959
105
.CORPORATIONS AHD CERTAIN 0TEE3? BDSINESS-TYPE ACnVITIES.
Section III
Source and Applica tlon of Funds for the Six Months Ended December 31, 1958
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Bulletin
lo6
.CORPORATIONS AND CERTAIN OTHER BOSINESS-TrPE ACTiViTitS.
Section III
Source and Application of Funds for the Six Months Ended December 31, 1958
Table 2.- Public Enterprise Revolving Fxmds - (Contlnuedl
(In tbouaanda of dollars)
May
1959
107
.
Section III
COBPORATIONS AHD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Source and Application of PundB for the Six Months Ended December 31, 1958
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
1
Treasury Bulletin
loi
.CORPORATIONS AHD CERTAIN OTHER BUSHtESS-TYFE ACTIVTTIES.
Section III
Source and Appl cation of Funds for the Six Months Eiided December 31, 1958
Table 2.- Publ Ic Enterprise Revolving Funds - ((Continued)
(In thouaanda of dollars)
May
1959
109
.
Section III
-
COBPORATIONS AHD CERTAIN OTHER BUSUffiSS-TYPE ACTIVITIES.
Source and Application of Funds for the Six Months Ended
December 31
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars
.
1958
110
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACi'iViTiKS.
Section III
Source and Application of Funds for the Six Months Ended December 31, 1958
Table 3.- Intragovernmental Revolving Funds
(In thousands of dollars)
May 1959
now
:
112
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSDffiSS-TYFE ACTIVITIES.
Section III
Source and Application of Funds for the Six Months Ended December 31, 1958
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
Defense
Department (Continued)
Army
Department
Corps of
Engineers
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction i or improvement of
fixed assets
Purchase of secxiritlea other than public
debt and issues of wholly owned Government enterprises
Other
6,3^6
,
,
6,3%
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
:12,'^Q3
Total funds applied to operations
11^,33^
FUNDS PROVIDED BY CFERATIONS
Realization 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 Government
enterprises
Other
511
Total realization of assets
Capital stock issued to the public...
Income
Decrease in selected working capital.
122,276
AZ2
Total funds provided by operations...
123,209
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
-3,820
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S.
Government:
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U. S. Treasury
Other
Total increase in investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
Tctal funds provided by financing
,
,
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S.
Government,
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U, S.
Treasury
Repayment of capital and surplus advances
from 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
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances.
Total funds applied to financing
Net effect of financing (excess of funds
applied (-) , or provided)
3
May
i959
113
.
Section III
COEPORATIONS AND CERTAIN OTHER BUSINESS-TYPE At l lVlTiiS .
'
Source and Application of Funds for the Six Months Ended December 31, 1958
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
Account
'
Treasury Bulletin
11*
.CORPORATIONS ARD CERTAIN OTHER BUSINESS-TYFE ACTIVITIES.
Section III
-
Source and Application of Funds for the Six Months Ended December 31, 1958
Table 4.- Certain Other Activities
(In thousands of dollars)
Siaij 195')
CORPORATIONS AHD CEKTAIH 0THE3? BUSHtESS-TYPE ACTTTTTTRS
Treasury Bulletin
116
.CORPORATIONS AND CERTAIN 0THE2R BUSINESS-TYPE ACTIVTnES.
Section III - Source and Application of Funds for the Six Months Ended December 31, 1958
Table 5.- Certain Deposit Funds
(In thousands of dollars)
May 1959
117
.CORPORATIONS
Section III
MD
CERTAIH OTHER BUSIMESS-TYEE ACTIVITIES.
Source and Applicatl on of Funds for the Six Months Ended December 31, 1958
Table 6.- Certain Trust Revolving Funds
(In thousands of dollars)
Total
FUNDS
APPJ.TF.n
TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired.,,
Purchase* construction, or Improvement of
fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
1,688,637
5
,
Total acquisition of aaaets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital....
1,688,642
Total funds applied to operations
1,789,920
66,1^5
35,133
FUNDS PROVIDED BY OPERATIONS
Realization 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 Government
enterprises
Other
1,758,662
1,101
Total realization of assets
Capital stock Issued to the public...
Income
Decrease in selected working capital.
1,759,763
6,133
129,619
Total funds provided by operations...
1,895,514
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
-105,595
FUNDS PROVIDED BY FINANCING
Increase In Investment of the U. S.
Government:
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U. S. Treasury
Other
110,850
Total increase In investment of the U. S.
Government
Increase In other borrowings
Decrease In investment holdings
Decrease in selected cash and fund balances
l,36-i,375
Total funds provided by financing
1,503,020
110,850
15,105
12,691
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S.
Government:
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S.
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
50,665
Total decrease in investment of the U. S.
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances,
,
Total funds applied to financing
Net effect of financing (excess of funds
applied (-) , or provided)
50,665
l,i86,975
68,031
2,9U
Civil
Service
Commission
Farm Credit
Administration
Employees'
life
insurance
fund
Federal
intermediate
credit banks
18/
General
Services
Administration
12/
Housing and Home
Finance Agency
Defense
Department
Federal National
Mortgage Assoc.
Army
Department
National
Archives
trust fund
Secondary
market
operations
United States
Soldiers Home
revolving fund
'
.
Treasury Bulletin
11«
.
COEPORATIONS
MB
CERTAH^ OTHER BUSINESS-TYPE ACTIVITIES.
Footnotes to Sections
1/
2/
2/
^/
^
6/
2/
8/
2/
10/
11/
Statements of Inoonie 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, In
the April 1959 Bulletin.
Home Owners' Loan Corporation (liquidated), shown under this heading on page 75 of the April 1959 Bulletin, did not have any income
or expense during the first six months of the fiscal year 1959.
Represents interest on the net direct investment of the United States
Governraent in this Corporation.
Represents interest on funds advanced to the Ad'iinistration by approprlations.
Interest and other expenses during the construction period are
capitalized,
Represents net income of $25,906 thousand from power operations, and
net loss of $6,327 thousand from nonincome-producing programs during
the first six months of tha fiscal year 1959.
The World War II assets of Reconstruction Finance Corporation in
liquidation and the Smaller Vfar Plants Corpjoration (in liquidation),
formerly shown separately under this heading, are now combined in one
fxind known as the "Reconstruction Finance Corporation liquidation
fund."
The funds shown under this heading have oeen discnntinued in accordance with Public Law 85-836, approved September 2, 1958 (72 Stat.
Figures represent operations of the funds during the fiscal
1709).
year 1959 prior to the date of discontinuance. Operations are now
being carried on through the buildings management fund.
The accumulated net income or deficit is included with the equity of
the United States Government and cannot be segregated.
Represents interest expense on capital stock,
Includes operating and administrative expenses funds.
12/
13/
L^/
15/
16/
17/
18/
II and
III
Figures are as of January 9, 195*^.
Represents interest on advances from appropriations and on paid-in
capital.
The operating deficit as of June 30, 1958, 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 1959,
Consists of administrative expenses, foreign aid procurements;
construction services, public buildings; and working capital fund.
Figures are as of December 27, 1958.
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, In
Certain other activities sre included in
the April 1959 Bulletin.
this Section only on a fiscal year basis at the present time.
In accordance with the Farm Credit Act of 1956 (12 U.S.C. 1027) the
banks will be classified as a deposit fund beginning January 1,
1959 (see "Trust Account and Other Transactions," Table 3, footnote
A).
19/
20/
21/
*
r
The Franklin D. Roosevelt Library fund, formerly shown separately
under this heading, has been transferred to the National Archives
trust fund in accordance with Public Lew 85-3<^» approved March 15,
1958 (72 Stat. 3i)
Defense production guaranties, shown undef this heading on page 81
of the April 1959 Bulletin, did not have any funds applied or
provided dxiring the first six months of the fiscal year 1959.
Excludes transactions covering foreign currency loans which are
shown on the statement of financial condition.
Less than $500.
Revised.
Mail 1959
119
.CUMULATIVE TABI£ OF CONTENTS.
June 1958 through May 1959
Issue and page number
1958
June
July
1959
Aug.
Sept
9
10
9
9
10
10
Dec.
Feb.
Mar.
Apr.
Reporting bases
Articles;
Treasury financing operations
Summary of Federal fiscal operations
Budget receipts and expenditiires:
Receipts by principal sources
Expenditures by agencies
Suimnary of appropriations and authorizations, expenditures,
and balances , by agencies
Expenditures and balances by functions
Trust account and other trapsactioDS
Sunmary of trust account and other transactions
Trust account receipts
Trust and deposit fund account expenditures
Net investment by Government agencies in public debt securities...
Net redemption or sale of obligations of Government agencies in
the market
Federal Old-Age and Sxirvlvors Insurance Trust Fund
Unemployment Trust Fund
Railroad Retirement Account
National Service Life Insurance Fxind
Investments of specified trust accounts In public debt securities,
by issues (latest date March 31, 1959)
8
9
10
11
12
13
14
U
15
...
Cash income and outgo;
Summary of Federal Government cash transactions with the public...
Summary of cash transactions through Treasurer's account
Derivation of Federal receipts from the public, and reconciliation
to cash deposits in Treasxirer's account
Derivation of Federal payments to the public, and reconciliation
to cash withdrawals from Treasurer's account
Intragovemmental transactions
Accrued interest and other noncash expenditures
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account...
11
11
12
12
17
17
13
13
12
13
13
U
13
18
19
19
H
14
15
15
15
13
13
H
18
19
19
15
15
16
Account of the Treasurer of the United States
Status of the account of the Treasurer of the United States.
Analysis of changes in tax and loan accoiuit balances
18
19
16
17
17
18
22
23
18
19
22
18
19
18
19
20
19
24
25
24
20
21
20
24
25
24
20
20
21
20
20
21
24
24
25
20
20
21
20
25
26
21
22
25
26
21
22
23
21
22
23
25
26
27
21
22
21
23
Debt outstanding
Summary of Federal securities
Computed Interest charge and rate on Federal securities
Interest-bearing public debt
Average length and maturity distribution of marketable
interest-bearing public debt
Special issues to U. S. Government investment accounts
Treasury holdings of securities issued by Government agencies.
19
20
Statutory debt limitation
23
23
24
23
24
24
Debt operations:
Maturity schedule of interest-bearing public marketable securities
issued by the U. S. Government
Offerings of Treasury bills
<
Summary of new money financing through Treasury bills
Offerings of marketable issuea of Treasury bonds, notes, and
certificates of indebtedness
Allotments by investor classes on subscriptions for marketable
issues of Treasury bonds, notes, and certificates of indebtedness.
Disposition of matured marketable issues of Treasury bonds, notes,
and certificates of indebtedness
•
22
23
2J.
25
25
26
28
30
31
26
27
24
26
27
28
30
31
26
27
32
28
28
32
25
27
28
25
27
29
29
31
33
25
27
29
31
35
31
34
29
30
35
31
31
35
34
38
31
32
37
33
33
37
34
36
40
35
3i
35
35
40
40
35
36
37
39
40
40
37
37
38
40
39
39
40
43
43
39
39
40
42
46
47
48
42
United States saving s bonds:
Cumulative sales and redemptions by series
Sales and redemptions by periods, all series combined
Sales and redemptions by periods. Series E through K
Redemptions of matured and luimatured bonds
Sales and redemptions by denominations. Series E and H combined..
Sales by States, Series E and H combined
9
10
34
35
37
36
38
41
43
44
45
41
43
44
U
May
:
:
:
:
:
,
:
Treasury Bulletin
120
.CUMULATIVE TAKLE OF COMTEHTS.
June 1958 through May 1959
-
(Continued)
Issue and page number
1958
1959
June
J\ily
Aug.
Sept.
Oct.
38
39
46
40
40
45
41
43
38
39
39
40
4o
47
40
41
40
41
45
41
43
46
i2
U
i.0
41
48
42
42
47
43
45
Nov.
Dec
Feb.
Apr.
Ownership of Federal securities
Distribution by classes of Investors and types of issues
Net market purchases or sales for investment accounts handled by
the Treasury
Estimated ownership.
49
43
43
43
43
44
45
45
50
Treasury survey of ownership of Federal securities
Ownership by banks, insurance companies, and others
Ownership by commercial banks classified by membership in federal
Reserve System (latest date December 31, 1958)
51
46
Market quotatlone:
End-of-tnonth closing quotations on Treasury securities by issues.
Chart - Yields of Treasiiry securities
49
46
48
51
53
47
49
55
51
57
53
55
49
47
52
54
49
Ah
4V
48
49
55
49
50
50
51
53
58
59
56
57
52
56
54
55
52
4.8
Sunmiary by principal sources
A9
50
50
51
51
52
53
54
55
60
61
58
Chart - Internal revenue collections by principal sources.
Detail of excise tax collections
54
55
53
52
53
53
54
55
56
62
63
63
62
63
64
65
64
65
45
51
Average yields of long-term bonds
Average yields of Treasury and corporate bonds by periods.
Chart - Average yields of Treasury and corporate bonds
.
53
Internal revenue collections:
57
58
55
56
51
52
56
57
57
54
59
60
Monetary statistics
Money in circulation
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury
Components of silver monetary stock
Seigniorage
Increment from reduction in weight of gold dollar (latest dale
March 31, 1959)
5i
54
55
56
59
60
60
61
62
59
53
60
60
61
54
54
55
56
62
58
59
59
60
61
57
57
58
59
62
61
65
63
62
63
67
63
56
57
57
58
59
Exchange Stabilization Fund (latest date December 31, 1958):
Balance sheet
Income and expense
64
66
National bank reports
Earnings, expenses, and dividends for calendar years 1953-5"
57
Capital movements between the United States and foreign countries
Summary by periods since 1935
S>jmmary by countries and periods
Short-terra banking liabilities to foreigners, latest month
Short- terra banking claims on foreigners, latest month
Purchases and sales of long-term securities by foreigners
latest month
Short-term liabilities and claims reported by nonfinancial concerns.
Long-term 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..
Purchases and sales of long-terra securities by foreigners
during calendar year 1958
58
,
61
65
66
56
59
63
64
65
63
57
64
60
60
68
68
66
70
60
64
67
63
63
71
67
71
65
72
67
68
71
75
76
65
66
74
66
74
72
73
67
69
69
66
69
60
73
67
68
74
75
70
63
69
70
'76
73
69
77
78
79
Corporations and certain other business- type activities:
Statements of financial condition (latest date December 31, 1958).
Income and expense (latest date December 31, 1958)
Source and application of funds (latest date December 31, 1958)...
81
73
72
92
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