Full text of Treasury Bulletin : May 1960
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n
L./BRARY
ROOM 5025
/V0V211960
LfBRARY
JUN
?,
3 1972
TREASURY DEPARTMENT
TREASURY DEPARTMENT
FISCAL SERVICE. BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON 25. D.a
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS
BONDS
i
I
miEASURY.
I:
/Em/LEFUN
MRV-iaBD
UNITED STRTES TRERSURV DEPRRTMENT
OFFICE DF THE SECRETRRV
The Treasury Bulletin is for sale by the
Superintendent of Documents,
U. S. Government Printing Office, Washington 25, D. C.
Subscription per year $5.00 domestic, $7.50 foreign.
Single copy price varies
May 1960
Table of Contents
Page
Treasury
f Inane Ing operat ions
A-1
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
S
Cash Income and outgo
17
Account of the Treasurer of the United States... 23
Debt outstanding
25
Statutory debt limitation
29
Public debt operat Ions
JO
United States savings bonds
^7
Ownership of Federal securities
52
Treasury survey of ownership of Federal
securities
5^
Market quotations on Treasury securities
5^
Average yields of long-term bonds
61
Internal revenue collections
63
Monetary statistics
65
Exchange Stabilization Fund
69
Capital movements
71
Corporations and certain other business-type
activities - income and expense, and source
and application of funds
S2
Cumulative table of contents
121
Note: Where calculations have been made from unrounded figures,
the details taay not check to the totals shown.
Treasury Bulletin
II
Reporting Bases
The daily statement on the new basis was first Issued for
Data on reoeLpta, expendlturea, and debt whlob appear In the
"Treaeury Bulletin" are baaed largely on
reporte,
the
tvro
Treasury financial
"Dally Statement of the United Statee Treasury" and
February 17,
195'^.
In the deposits
Etnd
withdrawals as shown, no
distinction is made as to the type of accounts (budget,
trust,
The deposits are on the baele of certificates of deposit
the "Monthly Statement of Receipts and Expenditures of the
United Statee Oovernraent. " Certain monetary statistics are based
etc.
at least in part on the "Circulation Statement of United States
Total withdrawals are on the basis of checks paid or cash dis-
Money."
Where these etatenenta are given
dividual tables,
they are cited by name only.
reporting bases are described below.
Bulletin,
as
aourcee for InTheir respective
Por other data in the
Information on sources or reE>ortlng bases Is given In
).
cleared throu^the account of the Treasurer of the United States.
bursements made out of the Treasurer's account.
Some of the
withdrawal classifications shown are reported on the basis of
mailed reporte of checks issued and are adjusted by means of
clearing accounts to the total of checks paid. Except for
relatively minor amounts, noncash interfund and other Intra-
connection with the tables themselves.
governmental transactions are excluded.
The monthly statement of receipts and expenditures was first
The public debt figures
In the dally statement also are on a "clearance" basis, with the
exception of those Issuance and retirement transactions reported
published for February 195^, and replaced the dally statement as
the primary source of Information on budget results and other
on the basis of telegrams from Federal Reserve Banks.
receipt
debt transactions are Included,
and expenditure data olaeelf led by type of aocount.
At the tame time,
Noncash
however.
the dally statement was changed to a statement
of cash deposits and wlthd_rawals affecting the aocount of the
The dally statement before February 17,
195'*i
covered not
Treasurer of the United States. Both publications have provided
ooniparatlve figures on their respective bases from the beginning
only traneactlons cleared through the Treasurer's aocount but
The announoeraent of February 17, I95U,
through commercial bank accounts, and Included noncash Interfund
and other Intragovemnental transaotlons. It provided Information
similar to that In the present daily statement with respect to the
of the fiscal year 1953.
with respect to these reporting changes may be found in the
April 195U Issue of the Bulletin.
also certain Oovernment agency transactions which were handled
status of the Treasurer's aocount,
of the Oovemment,
present
and similar to that in the
Including those made from cash accounts held
dally statement with respect to debt
Reoelpts and
issuance, retirement, and amount outstanding.
The Information Is compiled
expenditures, however, were classified by type of account, and
The monthly etateraent ahows all reoelpts and expenditures
outside the United Statee Treasury.
end-of-month
from reports by the Treasurer of the United States and by all
the budget results shown In the daily statement were used as the
other collecting and disbursing agencies. Including those agencies
basis for reflecting the results under the Presldent'e budget
which maintain checking aocounta In commercial banks. These
reports cover transactions recorded In the accounts of the
agencies during the reporting period. The net of the trans-
program as enacted by the Congress.
actions as compiled from these reporte la reconciled In the
monthly statement to ohanges in the balance in the Treasurer's
aocount and In cash held outside the Treasurer's aocount and
Receipts were on the basis of deposits as they cleared the
Treasurer's account. Expenditures cleared through the Treasurer's
account were reported on two successive bases. Through 19U6 they
were on the basis of checks paid by the Treasurer of the United
States.
changes In the public debt outstanding.
Beginning with
19**'7,
expenditures made through the
facilities of the Treasury Departrrent'e Division of Disbursement
Receipts of taxes and customs dutlee are reported on
a
were on the basis of checks Issued, while certain others,
prin-
collections basis.
cipally those of the Department of Defense and its predecessor
organizations, were on the basis of checks paid. Transactions
except Interest on the public debt, are reported on the basis of
handled through commercial bank accounts, oonsletlng of market
transactions in public debt and guaranteed securities, were as
Other receipts are reported partially on a
collections basis and partledlyona deposits basis. Expenditures,
oheoke Issued or cash payments made by disbursing offioers.
Transactions of an Interfund or Intragovernmental nature are
included on the same basis even though the actual Issuance of
checltB may not be Involved.
Interest on the public debt la in-
cluded on an accrual basis beginning with figures for June 1953
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 Statement of Receipts. Expenditures and
reported by the agencies.
Interest on the public debt was In-
cluded on a due and payable basis beginning with November 19*^
and on a checks-paid bafils prior to that time.
The circulation statemsnt reflects transactions through the
Treasurer's aocount 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 dally statement,
of the country.
Balances of the United States Oovernment" and for actual receipts
however, and the figures are based on traneactlons consumaated
during the reporting period even though some may not have
and expenditures in the "Budget of the United Statee Oovernment."
cleared the Treasurer's account during that period.
May I960
K-l
Treasury Financing Operations
May Refinancing
On April 2S, the Treasury Department announced
an optional exchange offering of '*-3/S percent oneyear certificates and '*-5/S percent five-year notes.
The offering was made to holders of the h percent
certificates of indebtedness of Series B-I960, the
3-1/2 percent notes of Series A-I960, and the 3-lA
percent notes of Series B-I960, all maturing May I5.
Cash subscriptions were not received.
The subscrip-
tion books were open from May 2 through May
4,
Subscriptions accepted for the two new issues
totaled about $5,7S6 million leaving about 8627
million to be paid in cash. Preliminary results
are shown In the accompanying table.
Maturing securities
$1,000, J5,000, $10,000, SlOO.OOO,
$100,000,000, and $500,000,000.
$1,000,000,
The new certificates, B-I96I, were issued in
bearer form only. The new notes, A-I965, were made
available in bearer form with interest coupons
attached and also registered as to principal and
interest.
Weekly Bills Refunded
Mew issues of regular weekly Treasury bills
in April totaled $6.0 billion, refunding an equivalent amount of 13-week and 26-week bills maturing.
Of the four new issues of 13-week bills totaling
^h.Z billion, the issues of April 7 and ik were for
$1.1 billion each, and those for April 21 and 2g for
..
:
,
May I960
SUMMARY OF FEDERAL FISCAL OPHIATIONS
(In
Budget receipts and expenditures
Net
receipts
1/
Expenditures
2/
Surplus
or
deficit
(-)
2/
Net of
trust
account
and other
transactions
millions of dollars)
Clearing
account,
V
etc.
2/1/
Net
increase
in
public
debt, or
decrease
Levels, end of period
Net
increase in
Treasurer's
account
balance , or
decrease (-)
Treasurer'
account
balance
-5,994
478
4,587
-2,135
3,883
1,624
-1,462
2,047
1,839
-388
4,932
3,470
5,517
7,357
6,969
252,292
252,770
257,357
255,222
259,105
73
52
81
44
74
Debt outstanding
(-)
Public
debt
Total
Federal
securities
Subject to
limitation
252,366
252,798
257,377
255,251
259,151
251,542
252,028
256,652
254,567
258,507
265,522
270,790
107
266,123
271 ,341
274,418
272,825
270,634
Guaranteed
securities
Fiscal years:
8,419
-1,811
-3,122
3,510
-4,017
-294
-495
99
679
147
-507
366
74,274
67,772
64,570
66,540
69,433
-9,449
-250
-303
284
522
-523
6,966
5,189
3,115
-1,623
-2,224
-2,299
2,096
-551
4,670
6,766
-4,180
1,626
1,596
435
328
231
-194
195
331
-956
6,546
5,590
266,071
271,260
274,374
272,751
270,527
69,117
68,270
71,936
80,697
-2,819
-12,427
633
-329
530
-6
5,816
8,363
4,159
-4,399
749
350
276,343
284,706
101
111
276,444
284,817
276,013
284,398
78,600
84,000
78,383
79, a6
a7
-198
187
95
5,350
5,350
284,500
280,000
284,616
280,107
284, a6
2a
-206
-4,500
116
4,184
19i8
1949
1950
1951
1952
40,864
35,623
41,106
37,728
56,337
70,682
5,241
-3,592
-422
-3,358
-5,842
-229
-502
311
199
815
-41
42
54
252,854
257,160
256,731
259,461
267, U5
252,057
256,413
256,026
258,794
1953
1954
1955
63,841
61,171
72,997
64,854
66,129
1956
1957
70,994
72,284
67, a6
71,692
-9,157
-3,683
-2,771
3,779
592
274,671
278,256
280,348
276,276
274,564
1958
1959
68,694
73,282
75,782
80,322
4,786
6,299
9,501
April.
May....
June .
1948
1949
1950
1951
1952
41,488
37,696
36,495
47,568
61,391
33,069
39,507
39,617
1953
195i
1955
1956
1957
64,825
64,655
60,390
68,165
71,029
1958
1959
1960 (Est.).
1961 (Est.).
U,058
65,408
-3 ,117
483
-2U
-401
6,a6
27
20
29
46
107
273 ,915
272,361
270,188
279,757
Calendar years
-106
-319
-4,100
4,331
-423
2,711
7,973
1,111
471
-1X1
62
1,770
4,208
4,679
4,232
4,295
6,064
252,800
257,130
256,708
259,419
267,391
101
739
-259
267
1,092
-209
-34
376
7,777
3,582
2,019
-1,488
275 ,168
76
275, 2U
-a
-4,U1
103
278,784
280,822
276,731
224
-1,730
278,750
280,769
276,628
274,898
34
-635
-117
179
4,577
5,180
4,545
4,427
4,606
104
275 ,002
-7,088
-7,040
-691
8,025
7,875
355
622
4,961
5,583
282,922
290,798
109
127
283 ,031
23
109
-237
290,925
282,607
290,513
6,011
5,528
5,749
-1,225
771
3,753
-65
338
-273
533
-343
124
-2,055
-1,101
888
1,682
3,505
4,394
6,076
274,555
274,679
272,624
101
103
274 ,656
274,
-344
257
274,782
272,728
274,346
272,294
3,496
4,925
10,785
6,122
5,846
-2,626
-920
4,164
-13
617
-169
-682
2,433
595
6,487
6,130
9,749
275,057
94
97
101
275,151
691
412
-357
3,619
274,718
275,317
276,013
July...
August.
Sept...
2,946
4,838
7,208
6,613
6,198
6,633
-3,667
-1,361
-376
-200
166
-4,630
1,249
-1,269
5,119
6,368
5,099
102
108
118
275 ,568
575
-877
3,009
-1,810
275 ,466
84
290
-483
Oct....
Nov
7,144
6,237
7,080
-4,376
-1,274
-900
-84
352
-37
350
65
-489
3,546
2,848
-138
-565
1,991
-1,564
4,534
6,525
4,961
280, ai
112
107
109
280,323
283 ,167
Dec...
2,769
4,962
6,180
1959-Jan
Feb
March..
4,528
6,576
8,426
6,776
6,331
6,461
-2,248
-81
279
-194
408
-470
462
2,879
-697
-3,069
957
-644
-836
5,918
5,274
4,438
285 ,801
285 ,104
106
112
119
285,907
282,034
285, a6
282,153
285,484
284,793
281,732
4,258
5,425
10,154
6,427
6,164
8,631
-2,169
-739
1,524
-34
3,319
5,969
5,888
5,350
285,353
286,303
284,706
107
108
111
285 ,040
950
-1,597
1,531
-81
-538
285 ,460
-110
414
-365
-354
286,410
284,817
285,992
284,398
July...
August.
Sept...
3,246
5,679
8,486
6,557
6,305
6,357
-3,311
-626
2,129
-290
301
-27
112
-608
396
-2,100
486
781
399
5,837
6,617
7,017
288,682
290,396
288,296
110
111
116
288,792
290,506
238,412
288,375
290,091
287,997
Oct
Nov
Dec
3,OZ3
5,897
7,582
6,868
6,598
6,844
-3,846
-701
738
-207
496
2,957
-664
209
-641
-1,408
6,376
4,968
615
5,583
291,253
290,589
290,798
118
124
127
291,372
290,713
290,925
290,958
290,301
290,513
4,909
6,199
6,170
6,424
-1,290
1,095
3,157
-379
662
919
-3,757
291,085
290,583
286,826
130
135
138
291, a5
-U2
-722
450
-122
4,862
-805
287
-501
290,804
290,309
286,556
37, 5U
37,306
52,979
64,840
63 ,358
234
87
603
55
30
24
53
266,8a
Months
1958-Jan
Feb
March.
.
April .
May
June . .
1960-Jar
Feb
March..
1/
^
245
1,965
74
-183
455
-538
-148
3,976
1,7U
660
Actual figures through the fiscal year 1952 and the calendar
year 1953 are from the daily Treasuiy statement, and thereafter in
each case they are from the monthly statement of receipts and expeniitures of the Government (for explanation of reporting bases,
see page II); estimates are from the 1961 Budget document, released
January 18, I960, including effects of proposed legislation. More
detailed information with respect to the figures on this page will
be found in succeeding tables.
Gross receipts less transfers of tax receipts to certain trust funds
(see page 2), and refunds of receipts.
Transactions of the Foreign Economic Cooperation Trust Fund, established under Section 114 If) of the Economic Cooperation Act of 1948
(62 Stat. 150), are consolidated vdth budget expenditures.
Consists of transactions of trust and deposit funds, investment by
Government agencies in public debt securities, and redemption or sale
of obligations of Government agencies in the market; excess of receipts, or expenditures (-). For detail of content, see page 8.
Source:
2/
7,265
9,581
6,6a
137
-553
jj
5/
5,311
5,189
275 ,653
276,343
278,476
276,666
283,060
282,922
104
275 ,749
276,444
278,584
276,784
283 ,031
290,719
286,965
a9
275,139
278,156
276,356
279,897
282,741
282,607
For checks outstanding and telegraphic reports from Federal Reserve
Banks; public debt Interest accrued and unpaid beginning ulth June
and the fiscal year 1955 (previously included from November 1949
as interest checks and coupons outstanding); also deposits in
transit and changes in cash held outside the Treasury and in ce.-tain
other accounts beginning with the fiscal year 1954. Net increase,
or decrease (-).
"Statutory
For current month detail and list of acts, see section on
in
Debt Umltation" in each issue of the Bulletin. The limitations
when
effect during the period covered by this table and the date
1946;
each became effective are as follows: t275 billion, on June 26,
»281 billion, on August 28, 1954; $278 billion, on July 1, 1956;
1''58;
Februaiy
on
26,
billion,
$275 billion, on July 1, 1957; *280
on June 30, 1959.
t288 billion, on September 2, 1958; and $290 billion,
ThereFrom July 1, 1959, to June 30, 1960, the limit is $295 billion.
after it will revert to $285 billion.
. ..
.
Treasury Bulletin
-BUKIET RECEIPTS AND EXPENDITURES.
Table 1.- Receipts by Principal Sources
(in millions of dollars)
Internal revenue X/
Income taxes
Fiscal year
or month
Employment taxes
Individual
Corporation
Not
withheld
2/
Withheld
2/
Z/1/
1952
Total
income
taxes
For old-age
and disability insurance
2/ A/
32,826
For rail- For unroad re- employment
tirement insurance
6/
18,265
21,299
10,747
10,396
11,322
18,521
21,351
21,635
21,254
24,012
51,347
54,363
53,906
49,915
56,633
3,569
4,086
4,537
5,340
6,337
1957
1958
1959
21,531
20,533
18,092
12,302
11,528
11,733
26,728
27,041
29,001
60,560
59,102
58,826
6,634
7,733
8,004
616
1960 (Est.)...
(Est.)...
23,000
24,300
12,600
13,200
32,100
35,200
67,700
72,700
1959-July
August ...
September
568
368
3,311
364
2,171
4,7U
1,837
1,239
4,223
2,264
October.
November.
December.
491
405
3,180
257
99
362
1953
1954
1955
1956
33 ,012
21,53
1961
1960-January.
February.
March
.
1960 to date..
564
483
123
2,U4 IQ/
884
6,192
791
15,562
6,860
7,411
1,211
4,345
2,371
860 iO/
4,835
2,541
23,888
Total
employment
taxes 7/
Estate
and gift
taxes 2/
Total
Internal
revenue
2/
1,171
7,581
1,378
575
525
330
336
324
8,6U
1,411
8,854
1,353
10,638 2/
10,814
10,760
10,092
11,665
630
660
335
342
11,057
12,667
1,500
1,650
11,811
12,557
311
1,235
652
20
85
1
332
1
1,3a
52
1
704
131
98
107
1,027
1,007
3,606
7,l6o
9,229
16
82
51
2
1
278
965
1
527
977
936
1,031
3,319
6,852
7,586
794
954
1,044
4,808
8,902
11,894
8,740
63 ,355
259
277
603
285
280
600
634
325
,243
16
84
26
283
341
1,611
9,524
,078
50
21
1,U9
46,310
6,434
458
336
7,228
1,075
259
882
476
298 iO/
9,726
10,825
10, ou
9,211
10,004
945
936
3,568
6,201
5,913
Taxes not
othervise
classified
4,562
4,983
5,425
6,220
7,296
735
620
106
104
115
103
134
177
1,959
4,849
Excise
taxes
9 8/
7
5
65,635
70,171
70,300 8/
66,289
75,109
5
80,172
79,978
79,798
6
6
92,073
99,580
15
7
971
Deductions from budget receipts
Miscellaneous
receipts
7/
Fiscal year
or month
1952.
1953.
1954.
1955.
1956.
551
613
562
606
705
1957.
1958.
1959.
1960 (Est.).
1961 (Est.).
1959^uly
August.. .
September.
Octobe,r.
.
November.
December..
1960-Januaj:y .
.
February.
March
I960 to date.
1,8U
Transfers of tax receipts to
Total
budget
receipts
FOASI
Trust
Fund
Federal Disability Insurance
Trust Fund
12/
Railroad
Retirement
Account
12/
1,865
2,311 8/
2,559
3,006
67,999
72,649
73,173
69,454
78,820
3,569
4,086
4,537
754
800
948
2,749
3,196
3,158
83,675
83,974
83,904
6,301
6,870
7,158
333
6l6
863
847
1,200
1,400
4,013
3,932
97,286
104,912
9,164
10,693
94
87
99
237
172
224
3,936
279
1,112
588
123
63
90
94
99
217
205
666
3,626
7,152
8,350
90
5,425
9,289
12,217
1,D2
105
528
294
219
851
2,760
66,966
5,822
93
7,U8
9,552
23
8
575
525
1,479
2,116
2,171
3,894
4,413
4,907
20
18
3
2
23
3
928
972
630
660
2,627
2,950
5,308
24
24
3
32
20
85
52
192
237
201
165
179
160
1
16
82
198
219
128
24
793
89
47
31 10/
112
92
612
Source: Actual figures for 1952 are from the daily Treasury statement and thereafter from the monthly atateiMnt of receipts and expenditures of the Government (for explanation of reporting bases
see page II); estimates are from the 1961 Budget document, released
Januai7 18, 1960, and supporting data, including effects of proposed legislation.
For further detail, see tables under "Internal Revenue Collections."
Breakdown was not made in the daily Treasuiy statement and the
monthly statement for years prior to 1954.
1/ Beginning January 1951, the distribution of receipts between individual
income taxes and old-age and disability insurance taxes is m«ie in
accordance with provisions of Sec. 201 of the Social Security Act,
as amended (42 U.S.C. 401), 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)
5,6U
71
51
Z33
6
16
84
50
218
264
191
-17 12/
430
1,316
458
1,954
2,437
Net
budget
receipts
Total
refunds
18
17
20
22
235
986
Internal
Revenue
2,275
3,095
3,345
3,400
3,653
5,040^6/
267 12/
w
738
620
603
599
634
6,337
429
Refunds of receipts 15/
Highway
Trust
Fund
2,302
3,118
3,377
3,426
3,684
61,391
64,825
64,655
60,390
68,165
3,917
4,433
4,933
71,029
69,117
68,270
5,335
5,637
78,600
84,000
167
181
161
3,246
5,679
8,486
2
1
2
129
72
3,023
5,897
7,582
1
2
4,909
2
-16
432
1,317
13
2,452
55,669
1
2
9
6
11
4
2
7
7,265
9,581
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 -Employment Contributions Act, as amended (26 U.S.C. U01-U03).
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).
5/ Taxes on carriers and their enqjloyeea under the Railroad Retirement
Tax Act, as amended (26 U.S.C. 3201-3233).
6/ Tax on employers of k or more under the Federal Unemployment Tax Act,
as amended (26 U.S.C. 3301-3308); with respect to services performed
before January 1, 1956, the tax was inposed on employers of 8 or more.
Remaining iootnotes on following page.
ij
.
.
iMau I960
i!
-BUDGET RECEIPTS AND POOPENDITURES
Table 2.- Detail of Miscellaneoue Receipts by Major Categories
(in millions of dollars)
Realize
Dividends tion upon Recoveries
and other loans and and
earnings investrefunds
ments
Fiscal Tear
or month
1,865 1/
2,311
2,559
3,006
1953
195i
1955
1956
299
361
252
228
240
274
296
335
458
408
554
628
745
601
438
674
506
328
328
587
291
Sale of
Government
property
199
323
410
471
266
products
266
221
363
480
224
253
56
73
29
313
23
2a
13
26
a
a7
9
67
7
205
7
63
13
20
35
29
388
77
528
294
47
40
340
75
45
45
2,542
601
795
3U
1960 to date
Source:
1/
2/
5
16
69
5
66
5
20
6
23
23
5
5
5
10
7
6
11
6
6
-15
5
8
11
6
7
8
2
»
10
7
9
7
3
-1
6
17
6
7
17
28
2/
1
3
42
46
77
5
3
4
50
28
26
22
13
15
197
20
55
66
69
16
106
116
45
237
172
22A
as
194
50
59
69
40
49
1959-July. .
Aug
Sept...
63
57
61
372
U
383
58
93
421
450
471
458
204
843
67
208
225
194
Adjustment to
monthly
statement
1/
93
53
1,043
666
Other
1/
79
90
59
1,053
1960-Jan
Feb
Fines,
Royal- penalties,
ties
and forfeitures
28
86
49
1,007
40
46
64
Fees and
other
charges
for
services
160
161
133
49
4,013
3,932
Oct
Nov
Dec
47
49
312
304
350
1960 (Est.).
1961 (Est.).
34
45
45
387
345
325
2,749
3,196
3,158
213
Fees for
permits
and
licenses
etc.
1957
1958
1959
322
343
Seigniorage
Sale of
54
59
U
221
19
19
1
2
1
-3
+3
45
42
5
4
4
4
1
+2
33
27
4
3
7
9
8
1
-2
14
47
5
5
9
54
-13
1
+1
180
267
34
33
71
110
5
Reports to the Treasury Department by disbursing officers,
on the monthly statement reporting basis (see page II); estimates
are from the 1961 Budget document, released January 18, 1960,
and supporting data, including effects of proposed legislation.
Consists of miscellaneous taxes (principally the tonnage tax on
foreign vessels entering U. S. ports), bullion charges, and
gifts and contributions.
Difference between the total shown in the monthly statement of
Footnotes to Table
2/ Through 1953 , contributions to the Railroad Unemployment Insurance
Administration Fund were carried in the daily Treasury statement as
miscellaneous receipts, while the 1961 Budget dociament, Special
Analysis G, included them in employment taxes in 1952. Beginning
1954 the contributions are credited direct to the trust account.
For amounts of the contributions included in bxidget receipts, see
"Treasury Bulletin" for February 1954, page 7.
8/ In the 1961 Budget document, Special Analysis G, taxes not otherwise
classified are included in miscellaneous receipts.
2/ Beginning 1957, includes collections under increased rates in the
Highway Revenue Act of 1956 (see footnote 14).
10/ Figures shown include (see footnote 11) decreases in Income tax of
$98 million withheld and $4 million not withheld and increases In
transfers of $90 million to Federal Old-Age and Survivors Insurance
Trust Fund and $11 million to Federal Disability Insurance Trust Fund.
11/ Amounts appropriated to the Federal Old-Age and Survivors Insurance
Trust Fund are equivalent to the amounts of taxes collected and
deposited for old-age insurance. Amounts transferred currently
for appropriation to the trust fund are based on estimates of oldage insurance tax receipts made by the Secretary of the Treasuiy
(42 U.S.C. 401(a)), and are adjusted in later transfers on the
basis of wage and self-employment income records maintained in
The amount of old-age
the Social Security Administration.
insurance tax refunds is reimbursed to the general fund by the
trust fund.
12/ 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
(42 U.S.C. 401 (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
2/
•
1
-
receipts and expenditures of the Government (based on preliminary
reports) and that from final accounts of disbursing officers.
In 1953, taxes collected in Puerto Rico on products of Puerto Rican
manufacture coming into the United States, amounting to $16 million,
are classified as miscellaneous budget receipts; thereafter, such
collections are included in Internal Revenue collections of excise
taxes.
Less than $500,000.
(Continued)
tinB to time to the trust fund on the same basis as transfers to
Rates of
the Federal Old-Age and Survivors Insurance Trust Fund.
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.
13/ Excludes the Government's contribution for creditable military
service (45 U.S.C. 228C-1 (n)). Amounts are appropriated to the
Railroad Retirement Account equal to the amount* of taxes luider
the Railroad Retirement Tax Act deposited in the Treasury, less
refurds, during each fiscal year (65 Stat. 222 and 66 Stat. 371)
and transfers are made currently.
14/ 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 this 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.
15/ Interest on refimds is included in expenditures in Table 3.
16/ Transfers reduced by $300 million to correct those made earlier
on basis of estimates (see footnote 11).
12/ Net of reimbursement of $89 million from the Federal Old-Age and
Survivors Insurance and Federal Disability Insurance trust funds.
•
less than $500,000.
Treasury Bulletin
-BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Agencies
(in millions of dollars)
Fiscal year
or month
Legislative
branch
Judiciary
Executive
Office
of the
President
Funds
appropriated
to the
President
Independent
offices
General
Services
Administration
Housing
and Home
Finance
Agency
Agriculture
:
May i960
.
BUDGET RECEIPTS AND EXPENDITURES
Table 4. -Summary of Appropriations and Authorizations, Expendlturee, and Balances, by Agencies,
as of March 31, i960
(in millions of dollars; negative figures are deductions in the columns In whi-^h they appear)
Additions, fiscal year I960 to date
Agency
Unexpended
balances
brought
forward
July 1, 1959
1/2/
Legislative 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
Appropriati ons
2/
3
U
5,3i7
3,235
9,598
279
2i0
i,i56
902
12,U5
489
8,977
3,605
Total.
277
497
260
777
4,955
906
2
922
40,591
932
1,097
372
3,022
3,oa
736
266
188
292
72
6,078
U8
733
266
523
604
230
10,47i
604
230
10,474
62
TiybLb
76,379
a
Expenditures
523
62
Undisbursed
appropriations
121
17
67
5,815
84
36
41
2,U2
6,494
29 J
57
62
267
564
4,358
550
Unused authoiv
izations to
expend from
debt receipts
Unfunded
contract
authorizations
Investments
held
8/
47
5,8U
325
9,941
lU
479
417
357
1,022
6,413
3,140
1,406
41
747
67
728
-3
2,516
1,601
483
543
189
402
396
199
7,477
-3
1,602
567
1
84
98
98
309
309
500
500
103
3,096
82
27
-1
169
17
67
6,140
16,407
417
8,922
4,202
41,153
635
625
3
Total 2/
795
U,153
31,073
632
8
78,332
1,683
Unexpended balances March 31, 1960
Rescissions
cancellations,
and other
adjustments 7/
103
9,061
82
5,964
1
1
5/
58,324
Source: Bureau of Accounts. Details for the current fiscal year to date
are shown in Bureau of Accounts report "Budgetary Appropriations and
Other Authorizations, Expenditures and Unexpended Balances",
1/ Includes same categories as shown at end of current period.
2/ Although not expended, a substantial portion of these amounts is
obligated for outstanding purchase orders and contracts for
equipment and supplies, for payrolls, and for similar items.
Includes reappropriations.
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
current fiscal year, net of current appropriations to liquidate either
current or prior contract authorizations.
62,428
418
6/
7/
U
y
16
40,591
(net)
I
899
4
Inductions, fiscal
year 1960 to date
i
115
49
63
3,235
10,513
279
31,635
3i5
.,
Legislative Branch
Tlie Judiciary
Executive Office of the President
Funds appropriated to the President
Independent of f i ce s
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 Department
Treasury Department
District of Columbia - Federal contribution and loans.
Unclassified expenditure transfers
Adjustment to monthly statement of receipts and
expenditures of the Government
y
63
ab
Agency
Transfers,
borrowings,
investments
6/
other
authorizations
129
i9
lil
Defense Department
Military 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 - FederpJ. contribution and loans
Unclassified expenditure transfers
Authorizations
tD expend from
debt receipts
4/
ComiQ°rce Department
Total.
IncreaGe
8/
"^
*
25,793
1,790
1,225
91,236
Consists of transfers between aoDropriations; net borrowings from,
or repayments to (-), the Treasury and the Dublic under authority
to expend from debt receicts; and net investment in, or sale of
(-), Dublic debt securities and certain guaranteed securities
issued by Government enterprises.
Consists of transfers to, or restorations from (-), the surolus
fund; rescissions, cancellations, or adjustments of borrowing
authority and contract authority; capital transfers to miscellaneous receipts; and other adjustments.
Public debt securities and certain guaranteed securities issued by
Government enterprises.
Represents difference between monthly statement figures (based on
prelimingry- reports) and final accounts of disbursing officers.
Less than 5500,000.
Treasury Bulletin
.BUDGET RECEIPTS AND EXPENDITURES.
Table 5.
-
Bxpendlturee and Balances by Functions
(Fiscal years
J
in millions of dollars)
I960 through March
Function
code
number
Major national aecurity;
Military defense
Development and control of atomic energy
Stockpiling and defense production expansion
Military assistance
061
066
067
068
Total major national security
International affairs and finance
Conduct of foreign affairs
Economic and technical development 2/
Foreign information and exchange activities
151
152
153
Total international affairs and finance
Veterans' services and benefits;
Veterans' education and training 2/
Other veterans' readjustment benefits /^
Veterans' compensation and pensions
Veterans' insurance and servicemen's indemnities
Veterans' hospitals and medical care
Other veterans services and administration
'
101
102
103
lOi
105
106
Total veterans' services and benefits
1955
1956
Expenditures
1958
625
2,187
41,233
2,541
312
2,340
31,076
1,933
167
1,125
43,270
U,U2
46,426
34,302
120
1,613
111
157
1,683
133
173
1,910
149
237
3,403
139
175
839
101
2,181
1,843
1,973
2,231
3,780
1,116
664
150
2,681
57
727
178
767
2,798
105
788
176
774
126
2,870
47
801
175
699
168
3,104
574
177
3,275
43
856
156
35
921
193
4,457
4,756
4,793
5,026
5,174
3,789
328
1,428
275
325
475
1,457
351
400
,558
458
1,797
546
319
844
,969
704
301
1,537
609
361
39,062
2,268
588
2,611
38,439
1,990
490
2,352
40,626
40,641
121
1,960
100
35,532
1,857
944
2,292
35,791
1,651
123
377
»
2,515
27
732
137
labor and welfare
Ifibor and monpower
Public assistance
Promotion of public health
Promotion of education
Promotion of science, research, libraries, and museums 6/
Correctional and penal institutions
Other welfare services and administration _2/
^
211
212
213
2U
136
31
169
32
201
221
2,575
2,821
3,022
3,447
4,421
3,181
3,486
3,900
231
217
3,430
227
267
3,151
239
297
5,126
250
315
2,687
227
254
305
215
374
227
448
I'n
255
547
291
625
249
4,388
4,867
4,525
4,389
6,529
4,042
803
925
163
1,138
174
,183
62
201
71
892
185
60
51
59
60
59
38
43
68
86
60
38
1,5U
1,669
1,285
436
30
494
356
225
416
49
392
31
315
89
674
78
60
-60
59
228
115
53
217
Total labor and welfare
469
292
468
119
39
279
215
216
23
281
56
72
34
71
U7
35
192
Agriculture and agricultural resources;
Stabilization of farm prices and farm income 2/
Financing farm ownership and operation 8/
Financing rural electrification and telephones
Conservation and development of agricultural land and
water resources 2/
Research, and other agricultural services 2/
351
352
353
35i
355
Total agricxLlture and agricultural resources
236
204
290
2/
2/
Natural resources;
Conservation and
Conservation and
Conservation and
Conservation and
Recreational use
General resource
development of land and water resources.
development of forest resources
development of mineral resources
development of fish and wildlife
of natural resources
surveys and administration
401
402
403
404
405
935
119
409
34
45
44
35
1,202
1,105
349
647
179
420
513
74
5U
356
515
516
517
518
56
-115
270
-404
38
45
12
71
463
4
31
19
-83
41
58
43
1,504
2,030
60
31
10
431
164
115
157
67
139
77
38
9
475
164
334
34
188
72
238
1,199
1.630
Total natural resources
Commerce and housing:
Promotion of water transportation
Provision of highways
Promotion of aviation
Space exploration and flight technology
Postal service
Cummunity development and facilities
Public housing programs
Other aids to housing 11/
Other aids to business 12/
Regulation of commerce and finance
Civil and defense mobilization
Disaster insurance, loans, and relief 13/
510
511
512
519
520
521
Total commerce and housing
General government:
legislative functions
Judicial functions
Executive direction and management
Federal financial management
General property and records management
Central personnel management and employment costs 1a/* . .
Civilian weather services
Protection services and alien control
Territories and possessions, and District of Columbia....
Other general government
Total general government
Footnotes at end of table.
601
602
603
604
605
606
607
608
609
610
37
43
35
25
139
38
365
40 10/
219
76
518
783
180
45
65
21
1,455 10/
69
51
49
66
9
476
194
627
38
187
83
96
463
66
a
33
2
2,109
3,421
102
47
12
566
72
36
44
10
502
239
140
39
199
291
205
51
46
216
89
30
1.790
1.359
1.606
(Continued on following page)
273
396
2,454
75
20
77
57
21
90
40
145
774
108
97
1,085
139
58
46
53
9
421
254
158
41
158
75
19
1,243
May I960
.BUDGET RECEIPTS AND EXPENDITURES.
Table 5.- Bxpendlturee and Balances by Functions
(Fiscal years; in millions of dollars)
(Continued)
Treasury Bulletin
TEUST ACCOUHT AMD OTHER TRANSACTIONS.
Table 1.- Summary of Trust Account and Other Transactions
(In millions of dollars)
Net receipts, or
Fiscal year
or month
Trust and deposit fund accounts
expenditures (-),
from trust account
and other transactions
Net receipts, or
expenditures
(-)
8,807
8,929
9,155
9,536
11,685
3,855
3,760
2,386
A3 5
328
231
991 1/
2,250
-19i
1957
1958
1959
Expenditures
Net sale, or investment
(-)» by Government
ai^encies in public debt
sectirities
U7
1952
1953
1954
1955
1956
Receipts
195
633
-329
-3 ,301
-2,054
-1,362 1/
-2,617
8,545 1/
9,435
16,329
^
17,084
12,959
16,068
18,595
,369
-72
-25
-4
602 1/
-3,636
4,952
5,169
6,769
1,409
262
-1,511
Net sale, or redemption
(-), of securities of
Government agencies in the
market
2/
173
-2,300
-197
1,112
1,085
567
71
1960 (Est.)
1961 (Est.)
-198
221
-813
1,269
20,696
22,547
21,510
21,278
-369
-1,954
985
906
1959-July
-290
301
-27
-960
916
-499
1,214
1,236
2,174
1,528
1,735
671
-666
317
-1
51
155
-207
i96
-877
507
-274
1,009
2,004
1.474
1,886
1,496
1,748
667
-67
-12
56
102
-1,1A6
716
-160
828
2,329
1,708
1,974
1,613
1,868
764
-160
-386
August. . .
September.
October.
November.
December.
.
1%0-January.
-183
-379
66i
.
February.
March
-U2
2,4U
Source: Actual figures for 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 1961 Budget document released
January 18, 1960, including effects of proposed legislation.
Under a revised classification In the monthly statement, effective
1./
July 1, 1955, the security transactions of Govemraent-sponsored
3
3
105
104
enterprises are included in deposit fund account expenditures
(net) and excluded from net investment by Government agencies
in public debt securities (see Table 4.) and from 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 i).
2/
Table 2.- Trust Account Receipts
(in millions of dollars)
Federal Old-Age
and Survivors
Insurance Trust
Fund
Fiscal year
or month
590
87
79
78
78
649
73
339
723
943
695
758
1,912
1,855
1,997
608
640
634
69
67
1,308
1,059
2,300
2,284
660
683
54
138
59
302
69
144
509
66
264
24
18
lU
908
642
102
67
85
81
355
151
291
32
1,257
1,020
125
18
88
71
16,329
17,084
7,159
7,900
8,182
1960 (Est.)
1961 (Est.)...,
20,696
22,547
10,178
11,721
1959-July
August
September
1,2U
301
2,444
1,236
1,267
609
October.
November.
December.
1,009
2,004
1,474
1960-January.
February.
March.
828
2,329
1,708
,
,
,
.
.
National
Government
Service
Ufe
Life Insur- Insurance
Fund
ance Fund
786
637
619
U,369
1957
1958
1959
Unemployment
Trust
Fund
1,643
1,594
1,492
1,425
1,728
3,932
4,516
5,080
5,586
1953
1954
1955
1956
Railroad
Retirement
Account
850
742
737
700
739
8,807
8,929
9,155
9,536
11,685 i/
1952
Federal
Disability
Insurance
Trust Fund l/
7,003
938
1,063
1,098
93
Source: See Table 1.
1/ See "Budget Receipts and Expenditures," Table 1, footnote 12.
2/ See "Budget Receipts and Expenditures," Table 1, footnote 14.
2/ 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
87
V
Federal
employees
retirement
funds
Highway
Trust
Fund
2/
Other trust
accounts
1/
597
401
457
912
961
691
708
1,025
U9
467 /J
1,482
2,134
63
1,397
1,458
1,741
2,185
681
638
585
58
57
1,707
1,770
2,628
2,950
794
924
40
38
38
3
2
2
112
131
131
192
Z38
67
34
201
60
39
36
37
2
2
2
131
116
151
343
74
31
46
67
42
251
56
Ul
2
24
2
107
137
151
U
369
297
as
264
191
51
43
80
dollar; and the Railroad Unemployment Insurance Administration
Fund for the period 195i through November 1958 (see Table 7 for
treatment thereafter, and "Budget Receipts and Expenditures,"
Table 1, footnote 7, for treatment prior to 195A).
Does not include donation of public debt securities amounting to
|A5,800 (par value); see also Table i,.
May i960
TBUST ACCOUNT AMD OTHER TRANSACTIONS.
Table 3.- Trust and Deposit Fund Account Expenditures
10
Treasury Bulletin
.
TRUST ACCOUNT AMD OTHEE TRAMSACTIONS
.
Table 4.- Net Investment by Government Agencies In Public Debt
Securities
(In millions of dollars; negatJTe figures
are excess of sal es)
Trust accounts
Fiscal year
or month
1952
Total
3,636
3,301
2,05i
1,362 2/
2,617
1953
1954
1955
1956
y
1957
1958
1959
Federal OldAge and
Survivors
Insurance
Trust Fund
Total
trust
accounts
3,355
3,068
1,688 2/
1,36
2,516
1,950
1,545
1,522
1,241 4/
1,463
y
2,263
106
-1,214
-499
-1,290
1960 (Est.)...
1961 (Est.)...
369
l,95i
208
-1,012
1959-July
August...
September
-671
666
-317
1960-January.
February-.
March
Railroad
Retirement
Account
National
Service
Life
Insurance
Fund
Unemployment
Trust
Fund
449
583
280
202
Ul
590
-248
-545
121
258
135
325
729
552
36
-33
-35
274
-1,255
89
244
22
Government
Ufe
Insurance
Fund
-245
59
1
-2
-65
-1
-16
23
73
220
1,769
-33
517
476
646
-329
-681
303
-172
69
-667
-682
12
-12
67
12
-764
160
386
1952.
1953.
1954.
1955.
1956.
1957,
1958.
1959.
1960 (Est.)..
1961 (Est.)..
101
79
,
-16
-13
48
-891
186
-619
-47
24
UO
420
41
84
I960- January.
February.
March
Federal
Housing
Administration
Federal
intermediate
credit
banks 1/
21
71
59
69
78
91
51
102
53
161
185
92
15
56
24
127
-26
-54
305
104
-U
197
-12
-96
407
-3
55
-lU
-10
-10
-7
-5
-31
60
48
20
-21
-9
-87
169
-112
-79
-7
-3
-5
-6
-5
-200
-28
-247
-3
Production
credit
corporations 1/
1
-6
93
-3
18
-U
-6
95 7/
Federal
Savings and
Loan Insui^
ance Corp.
Other
10
1
-2
-40
10
25
6
U
113
9
13
15
7
9
18
19
17
U 2/
50
57
19
14
18
20
7
:^
8
404
418
-393
99
-100
814
774
-178
-160
-91
7
-5
-3
50
29
11
28
58
53
64
65
28
36
45
94
87
49
Banks
for
cooperatives
Federal
Deposit
Insurance
Corp.
18
-18
la
18
170
548
39
460
-70
98
104
104
115
124
82
425
19
-67
346
-299
258
240
133
140
2
165
1
-92
-82
6
2
1
-16
174
-96
115
-36
-76
2
7
6
See Table 1.
See Table 3, footnote 3.
Z/
as public enterprise funds through 1953 includes
only those transactions cleared through the account of the Treasurer
of the United States,
for explanation of difference from Budget figures,
beginning
Investment by the banks and corporations
1954,
see "Cash Income and Outgo," Table 7, footnote
1.
Excludes net investment by Oovemment-sponsored
enterprises beginnino
with the fiscal year 1955 (see Table 1, footnote
1).
Includes net sale of $300 million for adjustment of excess
transfers
of tax receipts in 1952 and 1953 (see "Budget
Receipts and Expenditures,"
Table 1, footnote 16).
1
^
6/
7/
^
*
Federal
land
banks
61
314
1
46 8/
home
loan
banks
84
87
102
1
1
Federal
153
443 2/
2
4
6
671
958
3
5
16
18
Total
Governmentsponsored
enterprises
179
4
-60
803
Government-sponsored enterprises
Federal
National
Mortgage
Association 6/
1/
A/
U
548
-17
Source:
1/
Other
trust
accounts
3U
85
-1,011
-1
126
101
36
16
19
12
Federal
intermediate credit
banks 1/
-6
9
95
76
71
U
-557
-204
-77
1959-July
August . . .
September.
October.
November.
December.
Total
public
enterprise
funds
Highway
Trust
Fund
624
588
252
-16
-56
-17
Public enterprise funds
Fiscal year
or month
Federal
employees'
retirement
funds
.
2,300
197
-1,112
October.
November.
December.
lederal
Disability
Insurance
Trust Fund
95
105
164
-103
-78
-20
168
-103
292
-128
74
17
-U5
121
1
120
6
1
125
100
7
3
Federal
inteiv
mediate
credit
banks l/
217
Does not include investments representing acquired securities amounting to 11,6^,3,070 (par value) and donation of securities amounting
to $i5,800 (par value )j see also Tables 2 and 3,
Management and liquidating functions as provided by the Housing
Act of 195-1» approved August 2, 195^ (l2 U.S.C. 1721).
Investment
is all in guaranteed securities.
Beginning with this period, figures include net transactions in
guaranteed securities. See also footnote 6.
Beginning November 1959 Includes Tennessee Valley Authority.
less than $500,000.
..
.
May
,
.
,
.
'
mo
11
-TRUST ACCOUMT AMD OTHER TRAHSACTIONS
Table 5.- Net Redemption or Sale of Obligations of Government Agencies In the Market
(In millions of dollars
j
negative figures are excess of sales)
Securities guaranteed by the United States
Securities not guaranteed by the United States
Public enterprise funds
Fiscal year
or month
Total
guaranteed
1952
72
1953
1954
1955
1956
25
A
-602 1/
-173
1957
1958
1959
,
,
,
-1,085
-567
-71
Commodity
Credit
Corporation
Federal
Farm
Mortgage
Corporation
Federal
Housing
Administration
-16
-7
-29
37
-30
-16
-7
-30
37
-30
-33
6
-33
6
-10
-10
Home
Owners
Loan
Corporation
Total not
guaranteed
Total
public
and trust
enterprise
funds
65
-98
65
-639 1/
-639
-69
-Ui
-LU
-U
-1,052
-1,052
136
-573
-61
-573
-61
-980
-915 A/
-915 A/
32
U
33
1960 (Est.)...,
1961 (Est.)...,
-985
-906
-5
9
-5
1959-July
August. . .
September,
1
1
1
-51
-155
-1
-5
-1
-5
-50
-150
-50
-150
-3
-56
-102
-2
-6
-2
-2
-6
-2
-50
-100
-50
-100
-3
-3
-3
-5
-3
-100
-100
-100
-100
,
October, .
November.
December.
1960- January
February.
.
March
-105
-lOi
9
-5
-3i/
Public enterprise funds
Federal
intermediate
credit
banks 1/
Federal
National
Mortgage
Association 2/
Home
Owners'
Loan
Corporation
-570
-233
6
Securities not guaranteed by the United States - (Continued)
Trust enterprise fxinds
Fiscal year
or month
Federal
intermediate
credit
banks 1/
Federal
National
Mortgage
Association 6/
1952
Government-sponsored enterprises
Total
Governmentsponsored
enterprises
Banks
for
cooperatives
186
-33
1953
1954
-11
Federal
home
loan
banks
Federal
intermediate
credit
banks 1/
285
12
136
-99
-45
-146
-226
-588
191
282
-554
-261
-230
-95
-242
-100
-950
-115
-125
-269
-872
-86
167
-1,222
10
-23
1960 (Est.)...
1961 (Est.)...
-800
-885
57
-30
-35
-400
392
-275
-200
1959-July
August ...
September
-50
-150
-364
-178
-79
-35
-310
-25
-85
-54
-20
October.
November.
December.
-117
-185
52
-134
-240
52
-50
-100
-100
-100
61
290
-21
1955
1956
1957
1958
1959
-238
-225
58
1960-January.
February.
March. . .
Source: See Table 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 Government-sponsored enterprise thereafter (see Table 3
footnote 3 )
Management
and liquidating functions.
2/
i/
-46
-20
-36
-8
u
6/
-53
-180
-100
6
55
60
79
346
20
1/
Federal
land
banks
21
-39
-42
-39
-20
1
Beginriing 1955 excludes net transactions of Government- sponsored
enterprises (see Table 3)*
Total includes $-115 million for Tennessee Valley Authority.
Total includes e small amount of sales by the District of Columbia
stadium fund, a trust enterprise fund.
Secondary market operations.
less than $500,000.
Treasury Bulletin
12
.
TRUST ACCOUNT AWD OTHER TRAMSACTICMIS
Table 6.- Federal Old-Age and Survivors Insurance Trust Fund
1/
(In mllllona of dollare)
Expenditurea other than Inveatments
Receipts
Fiocal year
or month
Total 2/
Apprcpri at i ons
2/
1937-51
1952
1953
1954
1955
,
,
1956
1957
1958
1959
,
,
,
Deposits by
States ^/
Net earnings
on InrestBenta
Other i/
20,068.6
3,931.5
i,516.3
5,080.3
5,585.8
18,251.4
3,568.6
4,086.3
4,537.3
5,039.6
25.7
43.3
92.4
98.6
1,804.7
333.5
386.6
438.9
438.0
11.7
3.7
7,003.
7,158.8
6,336.8
6,301.2
6,870.4
7,157.7
171.6
296.8
472.1
481.1
487.5
555.3
555.4
543.0
7.4
5.2
1.6
7,899.9
8,182.3
.9
Benefit
payments
Total
11.6
9.6
5,333.0
2,067.1
2,750.0
3,404.8
4,487.5
4,873.6
1,982.4
2,627.5
3,275.6
4,333.1
5,551.3
6,723.0
8,116.2
9,453.5
5,360.8
Refunds of
taxes 6/
33.0
40.5
51.0
6,5U.6
66.0
58.2
7,874.9
9,049.1
75.5
73.7
79.0
88.0
1960 (Est.)
1961 (Est.)...
10,177.9
ll,7a.i
9,164.0
10,693.0
500.0
515.0
513.0
512.4
11,195.8
11,651.7
10,346.0
11,086.0
1959-July
August ...
300.6
1,266.8
609.1
279.1
1,112.3
588.2
19.6
139.2
7.0
1.8
15.3
13.9
1,121.2
851.6
864.4
8Z1.1
833.2
838.9
859.2
859.4
835.2
aa.5
8U.3
937.5
873.1
904.9
841.0
855.8
880.6
79.4
55,992.8
53 ,488.6
477.3
September.
October.
Norember.
December.
6U.7
1960-Januai7.
February.
March. ...
1937 to date j/.
235.3
10.3
793.0
429.1
111.6
2.3
18.2
3.8
209.5
290.6
1,256.6
1,020.5
266.9
1,131.8
986.3
22.0
111.6
20.7
1.7
13.2
13.5
75,985.8
67,971.2
2,127.5
5,833.9
263.8
908.4
50.8
Assets, end of period
Ejcpenditures, etc. - (Continued)
Fiscal year
or month
Payment
to Railroad
Retirement
Account 8/
1937-51
1952
1953
1954
1955
AdministratlTe expenses
Construction 3/
.1
1956
1957
1958
1959
124.4
1960 (Est.)...,
1961 (Est.)...,
1959-July
August . . .
September,
Reimbursement
to general
fund iO/
U,735.6
1,098.4
a.ui.o
1,452.1
435.8
22,593.1
23,028.9
22,812.6
13.8
38.8
39.6
282.0
1.8
1.1
1.7
3.1
3.1
13.2
12.1
20.7
October. .
November.
December.
1.0
1.5
1.2
3.1
3.1
3.1
13.6
13.5
15.8
1960-January . .
Februaiy.
March
1.3
.7
.6
3.0
3.0
3.0
12.8
13.6
20.7
24.7
533.3
1,117.9
5.1
Investments
Unexpended
balance
Insurance
Trust Fund 12/
93.
566.5
277.5
1,864.5
1,766.3
1^75.5
16,600.0
18,366.4
20,042.6 2/
14,322.8
16,273.1
17,817.6
19,339.9
20,580.5
412.8
327.0
548.8
702.8
560.5
550.1
765.6
1,048.4
1,067.0
173.2
-9.1
-17.5
-1,271.2
a, 541.
22,043.0
22,263.3
21,764.2
20,474.4
180.4
191.8
-28.8
-33.8
-1,017.9
69.7
20,523.5
20,593.3
19,462.7
19,496.0
1,060.8
1,097.3
-820.6
-255.3
20,720.8
21,136.1
20,880.7
19,793.8
20,096.4
19,924.7
927.0
1,039.6
956.1
-595.4
49.0
-193.6
20,285.3
20,334.3
20,140.8
19,367.6
19,163.9
19,151.2
917.7
1,170.4
989.6
-646.9
383.5
115.5
19,493.8
19,877.4
19,992.9
18,532.6
18,556.7
18,977.2
961.2
1,320.6
1,015.7
19,992.9
19,992.9
18,977.2
1,015.7
119.
138,
Source: See Table 1.
2/ Includes transactions under the predecessor Old-Age Reserve Account,
2/ Beginning November 1951, total includes small amounts in the nature
of recoveries from expenditures incidental to the operations; and
beginning 1958, also Interest payments from Federal Disability Insui&nce
Trust Fund.
2/ For basis, see '^Budget Raoelpts and Expenditures," Table 1, footnote 11.
To cover employees of States and their political subdivisions, undsr
the Social Security Act Amendments of 1950 (42 U. S.C. 418).
Through 1952, conalats of transfers from general fund for admlnlsti^tlve
_5/
and other costs of benefits payable to survivors of certain World War
II veterans (60 Stat. 979 and 64 Stat. 512)( beginning with 1954,
consists of payments from the Railroad Retirement Accoiint (see Table 8).
6/ Reimbursement to the general fund pursuant to the Social Security Act
Amendments of 1950 and 1956 (42 H.S.C. 401 (g) (2)).
2/ Includes adjustments to monthly statement basis.
^
Total
U,735.6
34.5
39.0
406.5
(-), in
assets
193.
59.
65.
62.
76.
.3
1937 to date 2/-
Net Increase,
or decrease
266.3
24.8
24.4
26.0
27.1
1.6
11.6
2.5
Reljnbursement (from Fed. Dls.
Bureau of
OASI Jj/
30.7
30.9
.1
843.8
-a6.7
U5.2
-28.8
-55.5
8/
See Table 8.
2/
Construction and equipment of office biiildlnga for the Bureau (Public
law 170, approved July 31, 1953 - 67 Stat. 254).
Dnder the Social Security Act, as amended (42 D.S.C. 401 (g) (1)), for
administration of Titles II and VIII of that act and related parts
of the Internal Revenue Code (26 U.S.C. 480-482, 1400-1432). (See
also footnote U).
Salaries and expenses of the Bureau of Old-Age and Survivors Insurance
are paid directly from the trust fund beginning 1947, under provisions
of anniMl appropriation acts until passage of the Social Security Act
Amendments of 1956 (42 U.S.C. 401 (g) (l)); previously those expenses
were inclxided in reimbursements to the geneial fund.
This reimbursement Is treated as a reduction In adminisSee Table 7.
trative expenses paid from the Federal Old-Age and Survlv«iTB Insurance
Trust Fund. Figures exclude interest (see footnote 2).
iO/
1,1/
12/
»
less than tSO.OOO.
.
9
.
.
8
5
:
mo
May
13
.raUST ACCOUNT AND OTHER TRANSACTIONS,
Table 7.- Federal Disability Insurance Trust Fund
(in mllllona of dollars)
Expenditures other than Investments
Reoelpta
Flflcal
year or
month
Approrl all one
Depoa-
by
Itfl
Stated
338.6
942.5
938.5
333.3
862.9
846.7
3.9
63.5
58.1
teat.),
(EBt.),
1,063.0
1,098.0
928.0
972.0
60.0
62.0
1959-July...
Aug...,
Sept..,
53.9
137.9
59.0
32.0
123.0
63.3
Oct...,
Not...,
Dec...,
24.4
102.2
67.1
23.8
88.7
46.6
»
12.7
1960-Jan.
Fsb...,
Mar...,
32.3
125.1
93.4
2,9U.8
,
1960
1961
.
1957 to date..
Payments
Refunds
Baneflt
to
of
payRailroad
taxes
ments
Retirement
Account 2/
u
^
2/
1957
1958
1959
Payments
from
Interest
Railroad
on InRetirement vestment!
Account
Adminlatratlve
Reimbursement toFOASI
Trust
Fund i/
General
fund
6/
Net
Increaee ^
or
decrease
(-), in
aseete
Assete, end of period
Investments
Unexpended
balance
2/
168.4
339.2
9.8
9.4
18.0
3.0
3.9
337.3
761.7
567.6
337.3
1,099.0
1,666.6
325.4
1,054.5
1,606.9
11.9
180.8
370.8
48.5
61.5
562.7
63.8
520.0
576.0
10.0
10.0
29.5
34.6
3.2
3.2
500,
474.
2,166.9
2,641.1
2,124.1
2,599.7
42.9
41.4
-.2
.1
.9
.3
42.6
41.8
40.9
42.3
41.5
40.6
.3
U.\
-4.6
11.3
96.1
18.1
1,677.9
1,774.0
1,792.1
1,629.2
1,698.1
1,741.7
48.7
75.9
50.4
.6
.8
44.3
U.O
44.3
.3
.3
.3
20.1
71.7
.3
1,772.2
1,829.8
1,825.2
1,725.5
1,745.6
1,793.4
31.1
111.5
91.8
1.1
12.7
1.2
.1
.9
.3
54.0
43.2
47.6
a.
U.O
-19.9
57.6
-4.6
46.8
U.6
.2
.2
.2
-21.7
81.9
45.7
1,803.5
1,885.4
1,931.2
1,746.0
1,787.3
1,871.5
57.5
98.1
59.7
2,654.7
162.8
75.3
953.6
1,931.2
1,931.2
1,871.5
59.7
1.4
16.1
33.7
26.5
2.5
22.0
1.3
1.3
.3
.3
29.5
9.8
42.9
47.4
896.7
Source: See Table 1.
For basis, see "Budget Receipts and Expendit^ras,** Table 1, footnote 12.
2/ To cover employees of States and tbeir politioal subdivisions under
the Social Security Act (42 D.S.C. 418).
See Table 8.
Helmbursement to general funi (42 U.S.C. 401 (g) (2)).
For appropriate share of adHlnistratlve expenses paid from the
56.9
19.5
^
2/
t
a.
59.7
84.3
31.8
trust fund during the preceding fiscal year, as determined by the
Secretary of Health, Education and Welfare (42 U.S.C. 401 (g
,gj (D).
Payments Include interest.
For amounts paid from the general fund (^2 D.S.C. AOl (g) (l)).
Includes unappropriated receipts.
lass than $50,000.
Table 8.- Railroad Retirement Account
(in mllllone of dollars)
Expenditures other than investments
Receipts
Asaeta, end of period
Net
increasi
Fiscal year
or month
Investments
1/
,887.5
1936^51
1952
829.7
742.3
717.9
699.9
1953
1954
1955
From FOASI
Appropriations
4,578.8
750.8
653.0
619.2 6/
598.9
y
89.3
105.0
106.7
120.3
108.6
110.3
,307.9
,059.0
1959-July
August. . .
September.
302.4
87.0
69.1
20.1
85.4
51.8
18.4
84.9
80.7
16.4
82.4
51.1
1.9
18.2
87.8
16.2
2.1
3.3
1960-January.
February..
March
.
84.5
585.
1U.2
124.4
566.5
277.5
.2
282.0
1.0
7.3
.7
49.9
1.8
1936 to date j/.. 11,613.3
10,010.7
1,132.9
406.5
^
To
Unsopl.
Trust
FunJ 2/
Invest- expended
balance
ments
1/
3,U2.8
114.8
3,532.5
3,345.3
3,485.9
46.6
6.8
7.1
8.6
9.4
9.4
9.5
128.6
40.5
-34.6
-19.3
245.0
77.0
3,661.2
3,701.7
3,667.1
3,647.8
3,892.8
3,969.8
3,606.5
3,642.1
3,609.0
3,573.6
3,818.0
3,889.1
54.7
59.7
58.2
74.2
74.8
80.7
.6
6.1
6.1
5.8
6.3
7.4
5.2
1.6
Total
69.4
59.8
59.1
9.3
384.6
458.9
484.6
569.3
11.6
9.6
Un-
Adminis- or detrative crease
expenses (-), in
assets
2,394.3
2,483.9
439.0
277.2
2,483.9
2,922.9
3,201.9 2/
a5.9 3,U7.8
2,4U.5
2,863.1
72.5
610.
682.
729.
777.
596.4
669.7
1,062.
982,
925.0
970.0
26.5
2.5
102.0
22.0
1.0
31.5
20.1
.6
204.4
-18.2
-26.4
3,852.2
3,834.0
3,807.6
3,770.8
3,758.6
3,727.5
81.3
1.0
719.5
768.2
74.4
72.6
74.7
75.6
75.9
72.4
30.6
26.0
15.1
.7
.7
.7
-88.6
-17.8
-7.3
3,719.0
3,701.2
3,693.9
3,639.3
3,618.0
3,609.5
79.7
83.2
28.0
107.0
102.7
88.1
75.1
77.0
78.8
a.
1.2
.8
.8
.7
-79.5
-4.9
-10.1
3,6U.3
18.8
97.8
92.7
80.7
3,599.3
3,530.9
3,523.5
3,520.9
83.4
86.0
78.4
63.2
8,014.0
7,722.1
162.3
72.2
3,599.3
3,599.3
3,520.9
78.4
Source I See Table 1.
Includes the Govemmant'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) under the Railroad Retirement Tax Aot, and transfers are made
ourrently sunject to later adjustments (see Budget Receipts and Expenditures, Tablel). For prior years, appropriations were inoluded
here uhen made, but were included in Table 2 when the funds were
transferred from the general fund. Beginning 1954 includes unappropriated tivnsfera of tax rsoelpta.
Payments are made between the Railroad Retirement Account and the
Federal 01ii.,Age and Survivors and the Federal Disability insurance
i/
^
To FOASI
and Fed.
Dls. Ins
Tr. Fda.
98.0
105.2
95.4
2.5
1.6
Benefit
payments
16.5
1.5
70.5
Total
2,403.6
390.7
465.1
502.0
98.7
101.0
634.3
615.9
574.9
525.2
630.0
660.0
October. .
November.
December.
From
Unempl
Trust
Puai 2/
308.7
78.9
1956 8/
1957
1958
1959
1960 (Eat.)....
1961 (Est
739.3
722.6
695.2
758.3
and Fed.
Dls. Ins.
Tr. Fds. i/
6/
i
jj
8/
U.9
57.4
3
,609.4
75.4
80.1
84.3
trust funds so as to place those funds in the position in which they
would hava been if railroad aiq>layBent after 1936 had been inoluded
in social security coverage (45 U.S.C. 228e (k)). See Tables 6 and 7.
Receipts Include repayment and interest.
See Table 9.
Paid from the trust fund beginning 1950 (63 Stat. 297).
Includes unappropriated receipts beginning fiscal year 1954.
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. 245).
Includes adjustments to monthly statement basis.
Includsa adjustmsnt due to reporting change to a collection basis.
Treasury Bulletin
l^
.TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 9.- Unemployment Trust Fund
(In millions of dollars)
Receipts
Federal Unemployment Account
Railroad Dnemployioent Insurance Account 1/
State accounts
^
Fiscal year or month
Deposits by States
193&-51
1952
1953
1954
1955
17,566.6 6/
1,643.3
1,593.8
l,i92.5
1,425.4
Contributions 2/
15,008.3
1,439.0
1,371.1
1,246.0
1,146.2
901.6
15.4
15.0
17.8
U.2
Advances from Railroad
Retirement Account 2/
Transfers from
Adndniatration
Fund J^
Transfers from
general fund
80.9
4.4
4.9
4.2
Interest on
investments
1,468.6
184.5
202.8
224.4
199.1
1.6
64.3
1956
1957
1958
1959
1,728.1
1,912.0
1,855.5
1,997.4
1,330.1
1,541.7
1,500.7
1,700.6
27.6
71.1
90.4
102.0
3.6
3.2
167.8
71.2
33.5
1960 (Est.)
1961 (Est.)
2,300.4
2,284.3
1,850.0
1,900.0
150.0
170.0
9.4
9.8
U3.9
141.7
466.8
20.7
1.0
9.4
22.9
1.0
31.5
.1
.1
509.2
66.3
.6
.8
20.1
1.5
1.0
114.1
354.5
151.4
71.4
316.0
24.6
.8
30.6
26.0
15.1
K
1.7
11.3
1.5
80.6
66.7
250.5
55.7
U.l
.5
230.5
15.1
3.9
35.2
1.2
.2
2.0
1.0
2.2
32,928.1
27,615.7
1,369.1
162.3
117.5
1959-July
August
September.
October
November.
December.
1960-January.
February.
March
.
.
.
.
1936 to date 7/
7.9
10.5
29.4
a.
U.9
.2
Withdrawals
by States
1936-51
1952
Benefit
payments
Repayments to
Railroad Retirement account
105.7
133.1
221.6
247.7
9.3
275.0
165.0
9.2
8.3
133.3
24.6
34.5
1.0
September,
158.9
175.6
188.3
138.0
33.2
October.
November.
December.
165.3
209.6
272.3
131.9
180.9
32.6
a7.9
27.8
25.9
255.3
284.4
312.3
231.9
264.9
274.3
22.7
18.3
18.6
18.8
26,528.7
24,444.4
1,897.3
63.2
,
1954
1955
1,7U.9
,
1956
1957
1958
1959
1960 (Est.)...
1961 (Est.)...
1959-July
August.
,
,
.
1960-January.
Februaiy
March
1936 to date 2/
1,965.4
1,392.6
1,643.9
3,U8.0
3,053.9
2,384.2
1,973.3
14.0.1
97.3
140.0
205.9
Source: See Table 1.
1/ Excludes interim advance of $15 million from the Treasuiy and subsequent
repayment, both taking place in the fiscal year 1940.
2/ Contributions under the Railroad Unemployment Insurance Act of 1938, as
amended (45 U.S.C. 360 (a)), in excess of the amoiint specified for
administrative expenses.
2/ Temporary advances are made when the balance in the Railroad Unemployinent
Insurance Accoxint is insufficient to meet payments of benefits and refunds due or to become due. Whenever the balance is sufficient to pay
such benefits and refunds, repayments are made, plus interest at 3$
per annum, pursuant to P. L. 86-28, dated May 19, 1959 (73 Stat. 32).
Excess funds of the Railroad Dnemployment Insurance Administration Fund,
transferred under act of October 10, 1940 (45 U.S.C. 361 (d)).
Excess of collections from the Federal Unemployment tax over employmgnt
secxirity adndnistrative expenses, to be used for a $200 ndlUon reserve
in the Federal uneigjloyiBent account available for advances to States
.9
.6
16.5
.8
.9
28.0
.6
.7
1.3
.6
16.6
6/
2/
8/
Unexpended
balance
8,064.2
8,647.1
9,237.0
8,989.0
8,443.8
8,789.8
9,057.9
7,765.4
6,716.2 12/
6,632.3
6,943.4
8,701.5
8,975.7
7,720.6
6,709.4
6,926.7
6.7
10.6
16.7
-14.9
333.6
-122.0
6,701.2
7,034.8
6,912.8
6,613.4
7,020.4
6,906.4
87.8
14.4
6.4
-51.1
144.9
-120.9
6,861.6
7,006.6
6,885.6
6,819.5
6,988.5
6,877.0
42.2
18.1
8.7
-188.6
-33.9
-256.5
6,697.1
6,663.2
6,406.6
6,677.0
6,648.5
6,401.5
U.7
6,406.6 10/
6,401.5
5.1
335.5
268.2
-1,292.5
-1,056.5 2/
-83.8
311.1
6,399.4 9/
6,6a.
15.0
26.9
9.7
5.4
10.5
88.3
82.3
U.8
20.1
5.1
under act approved Ai:gu3t 5, 195A U2 U.S.C. 1102).
Total includes |107,2 million transferred from State accounts to the
Railroad Unemployment Insurance Account in connection with its
establishment (i5 U.S.C. 363).
Includes adjustments to monthly statement basis.
Includes transfers to the Railroad Unemployment Insurance Administration Fund as followa $9.7 million in 19A9 and $2.6 million in
1950, representing adjustment for over-collections due to retroactive change in tax rate (^5 U.S.C, 358).
Excludes adjustment pursuant to Public Ifiw 85-927; see footnote 10.
Includes an-adjustment of $7.2 million (revised) pursuant to P. L.
85-927, approved September 6, 1958, which requires that the Railroad^
Unemployment Insurance Administration Fund shall be maintained in
the Unen^jloyment Trust Fund.
Ifiss than $50,000.
:
10/
Investments
8,079.2
8,673.9
9,246.7 2/
8,994.3
8,454.3
8,079.2
594.7
584.0
-252.4
-540.0
1,287.0
1,510.7
2,926.4
2,796.9
2,100.0
1,800.0
,
3,219.6
Administrative
expenses
459.5 8/
48.3
1953
^
^
^
Net increase,
or decrease (-)
in assets
8,920.7
1,000.3
912.6
1,604.8
1,759.5
9,487.3 6/
1,048.6
1,009.8
336.8
Assets, end of period
Railroad Unemployment
Insurance Account i/
State accounts
189.0
190.0
.6
Expenditures other than investments
Fiscal year or month
14.5
198.9
224.8
230.9
186.9
.
.
.
.
May I960
15
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 10.- National Service Life Insurance Fund
(In mllllona of dollara)
Expenditures other
than investments
Receipts
Fiscal year
or month
Premlxims and
other receipts
Tranafers from
general fund
Interoot on
Investments
195i
1955
5,084.7
426.4
397.7
390.8
405.5
4,203.4
203.5
84.0
72.1
27.8
1,154.9
156.2
154.9
156.4
157.2
4,977.1
786.0
636.6
619.3
590.5
1956
1957
1958
1959
649.3
607.5
639.8
634.3
410.2
424.8
459.1
453.4
78.4
19.3
160.7
163.4
166.2
168.8
512.0
515.0
543.6
562.1
1960 (Est.)...,
1961 (Est.)...
660.1
682.8
n.a.
n.a.
n.a.
n.a.
n.a.
1959-July
August. .
September
39.7
38.6
37.3
37.0
1.1
1.0
10,U2.9
19U-51
1952
1953
38.3
37.8
U.4
12.2
.8
Benefits
and refunds
Total
2,121.9
455.5
434.2
2,855.2
540.8
153.8
177.8
154.9
30.2
65.0
54.8
-3.3
52.6
512.0
515.0
543.6
562.1
137.3
92.5
96.2
72.3
5,491.0
5,583.5
5,679.7
5,751.9
5,481.1
5,570.3
5,665.3
5,741.5
9.9
13.2
581.9
579.9
n.a.
n.a.
78.2
102.9
5,830.2
5,933.0
5,826.5
5,930.5
3.6
51.4
51.4
46.2
49.7
46.2
49.7
-11.7
-7.8
-11.8
5,740.3
5,732.4
5,720.6
5,731.5
5,721.5
5,714.5
8.7
10.9
6.1
43.7
43.0
45.6
43.7
43.0
45.6
-4.5
-7.3
-8.7
5,716.1
5,708.8
5,700.0
5,706.5
5,699.5
5,691.5
9.6
9.2
8.5
5,696.4
5,787.3
5,776.2
5,685.5
5,778.1
5,764.1
10.8
9.2
12.1
5,776.2
5,764.1
4U.7
382.9
38.5
34.6
36.1
1.0
36.9
.7
.1
1960-January.
February.
March
12. i,
a.3
1.0
.1
U0.7
39.2
42.7
.9
.7
100.7
43.6
.1
46.1
49.7
54.7
46.1
49.7
54.7
-3.7
91.0
-11.1
16,060.7
8,797.8
4.7Z3.1
2,539.8
10,284.4
10,284.4
5,776.2
Source : See Table 1
Note : This fund was established by the National Service Life Insurance
Act of 1940 08 D.S.C. 805).
•
.
1941 to date
Unexpended
balance
5,435.6
5,190.6
5,249.5
5,272.5
5,345.6
5,465.8
-210.2
48.7
39.3
35.6
.1
.1
Investments
5,465.8
5,255.6
5,304.3
5,301.0
5,353.7
996.3
588.0
622.6
537.8
October.
November.
December.
.7
Assets, end of period
Net Increase
or decrease
Special
(-), In
dividend: assets
U
n.a.
I«so than $50,000.
Not available.
28.5
8.0
U.4
10.4
2.5
Treasury Bulletin
16
TRUST ACCOUMT AHD OTHER TRANSACTIONS.
Table II.- Investments of Specified Trust Accounts In Public Debt Securities,
by Issues, as of March 31, 1960
(in mlllionB of dollare)
Federal Old-Age
and Survivors
Ineurance Truot
Fund
Public Issues:
Treasuiy bills I
5.067*
Treasuiy notes:
3-1/2*
A
3-5/8
3-3/4
2-5/8
-
5
-
4-7/8
-
4
4-7/8
January 15, 1961
23.6
A-1960
A-1961
A-1962
C-1962
A-1963
B-1963
C-1963
B-1964
0-1964
Series
Series
Series
Series
Series
Series
Series
Series
Series
47.5
119.1
176.0
20.0
30.0
25.0
15.0
25.0
Treasury bonds:
2-1/4*
2-1/4
2-3/4
-
2-1/2
3-1/2
2-1/2
-
1961
1962-67
1963
2-1/2
2-1/2
2-1/2
-
1963-68
1964-69 (dated 4/15/43)
1964-69 (dated 9/15/43)
2-5/8
2-1/2
-
1965
1965-70
1966
1966-71
225.4
456.7
25.0
308.1
2-1/2
2-1/2
2-1/2
-
1967-72 (dated 6/1/45)
1967-72 (dated lo/zO/U)....
1967-72 (dated 11/15/45)....
10.1
152.2
4
3-7/8
3-1/4
4
-
3
2-1/2
3-1/4
3-1/2
3
2-3/4
-
-
1959^*2 (dated 6/1/45)
1959-62 (dated II/15/45)...
1961
.9
3.3
2.0
,
,
,
,
-
1969
1974
1978-83
1980
-
1985
1990
1995
Investment Series B-1975-80,
10.4
58.6
4.5
116.5
26.3
77.8
21.1
36.5
25.0
45.1
18.0
Total public issues
63.8
85.2
1,064.9
3,318.6
Special issues:
Certificates:
2-5/8*
2-3/4
2-7/8
3-1/8
3-1/4
-
Series
Series
Series
Series
Series
-
Series 1961 to 1963
Series 1961 to I964
Series 1961 to 1964
1,755.7
672.0
-
Sbrles 1963-1968
Series 1965-1974
4,825.0
7,970.0
-
I960
1960
1960
I960
I960
443.9
Notes;
2-1/2*
2-5/8
3
Bonds:
2-1/2*
2-5/8
Total special Issues
Net unamortized premiuB and dlacount
Accrued interest purchased
Total investaents
Federal Disability
Insurance
Trust Fund
Railroad
Retirenant
Account
Unemployment
Trust Fund
Mail I960
17
.CASH
mCOME AND OUKJO.
The cash Inoooie and outgo data appearing in the
"Treasury Bulletin," beginning with the February I956
iBBue, are on a basic consistent with receipts from and
payments to the public as derived in the 1937 and subsequent Budgets of the United States, Special Analyela A.
Reconciliation to cash deposits and withdrawals in the
representing cash received from the public. Federal cash
borrowing from the public Includes net borrowing by the
Treasury through public debt transactions and also net
borrowing by Government agencies and Government-sponeored
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
account
of.
the same basis as In the Budget documents.
There Is also
shown the amount of net cash borrowing from, or repayment of
borrowing to, the public. By these arrangements, data In
accordance with the Budget classifications are made avail-
able month by month.
Figures for back years have been
revised where necessary In order to make them as nearly
comparable with the Budget classifications as available
data will permit. For this reason certain of the figures
differ somewhat from those published In earlier Budget
documents as well as in the Bulletin.
enterprises
through
eales of their own securities.
It excludes changes In the public debt which do not rep-
account and in cash held outside the Treasury.
Cash transactions through the Treasurer's account are
similar in general concept to those Included In the Budget
series, but are limited in coverage to traneactions whiah
affect the balance In that account.
On the other hand,
they include receipts from the exercise of monetary
authority, ifclch are excluded from receipts from the public
in the Budget eeries.
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
account.
Receipts and payments include transactions both
in budget accounts and In trust and deposit fund accounts.
Operations of Oovemment-sponsored enterprises are Included
in payments on a net baele as reflected in Treasury reports.
Beginning with figures for the fiscal year I953, the
series of transactions with the public is based on the
"Monthly Statement of Receipts and Expenditures of the
United States Government," which is compiled from reports
by all collecting and disbursing officers and includes
those transactions not cleared through the Treasurer's
Cash deposits and withdrawals in the Treasurer's
account.
Major Intragovemmental transactions which are reported as
account, beginning with the figures for the same year, are
both expenditures and receipts are eliminated from both.
reported in daily Treasury statements. For those years
prior to 1953 hoth cash transactions series are based on a
Noncash items which represent accrued obligations of the
Government to make payments in the future are also eliminated
from expenditures twt are added later when actual payments
are made.
Receipts from the exercise of monetary authority
(mostly ssignlorage on silver}
are
excluded
as
not
single source, namely, the earlier basis of dally Treasury
statements which reported separate classifications for
budget results, trust account transactions, etc.
Treasury Bulletin
16
.CASH INCOME AND OUTGO.
Table 1.- Summary of Federal Goverrment Cash Transactions with the Public
(In millions of dollars)
Net cash transactions with the public
other than borrowing
Fiscal year
or month
Federal receipts from
the public
Federal payments to the
public
Excess of
receipts, or
payments (-)
Plus: Net cash
borrowing from
the public, or
repayment (-)
Plus : Receipts from
exercise of
monetary
authority
67,964
76,773
71,860
70,538
72,617
49
-5,274
-232
-2,702
4,471
-505
2,919
2,512
1,809
-4,366
68
1954
1955
1956
68,013
71,499
71,627
67,836
77,088
1957
1958
1959
82,107
81,893
81,660
80,008
83,413
94,804
2,099
-1,520
49
59
-13,1U
-3,100
5,760
8,678
1960 (Est.)
1961 (Est.)...
94,796
102,178
95,338
96,257
-542
4U
5,9a
-5,969
40
48
1959-July
August. .
September
3,973
7,903
9,488
8,171
8,498
7,709
-4,198
-594
1,779
4,606
1,339
-1,457
1
October.
November.
December.
3,678
7,579
8,163
7,894
8,228
7,795
-4,a6
3,656
-763
6
233
5
1960- January.
February.
March, ...
5,461
9,231
11,084
6,767
8,075
7,099
-1,306
1,156
3,984
554
-744
-4,039
4
196c to date..
66,560
70,236
-3 ,676
3,385
1952
1953
-649
368
56
73
29
23
U
3
4
5
Equals:
Change in cash balances
Treasurer's account
balance , increase
or decrease (-)
-388
-2,299
2,096
-551
331
-956
4,159
-4,399
486
781
399
-641
-1,408
615
5
140
-23
-77
-33
-73
S6
1
-10
-26
6
-722
450
-122
40
-161
-89
5
Table 2.- Summary of Cash Transactions througih the Account of the Treasurer
of the United States
Fiscal year
or month
257
-312
-202
-33
75
(for explanation of reporting bases, see page II); estimates are
from the 1961 Budget document, released January 18, 1960, including effects of proposed legislation.
Source: Actual figures for 1952 are based on the daily Treasury
statement and thereafter they are based in part also on the
monthly statement of receipts and expenditures of the Government
(In
Cash held outside
Treasury, increase,
or decrease (-)
millions of dollars)
.
,
May I960
19
.
CASH INCOME AND OUTGO
Table 3.- Derivation of Federal Government Receipts from the Public, and Reconciliation to
Cash Deposits in the Account of the Treasurer of the United States
(In millions of dollars)
Receipts
Fiscal year
or month
Less:
Deductions from receipts
Excess
Intragovem- profits
raental
tax refund
transactions bond re(See Table 5) demptions
1/
Receipts
from
exercise of
monetary
authority
2/
Biodget
(net)
Trust
account
61,391
64,825
64,655
60,390
68,165
8,807
8,929
9,155
9,536
11,685
70,198
73,754
73,811
69,926
79,851
2,116
2,199
2,110
2,061
2,739
68
1953
1954
1955
1956
1957
1958
1959
71,029
69,117
68,270
U,369
85,397
85,446
85,355
3,242
3,493
3,650
49
16,329
17,084
1960 (Est.)
1961 (Est.)...
78,600
84,000
20,696
22,547
99,296
106,547
4,460
1959-July
August ...
September
3,246
5,679
8,486
1,2U
2,444
1,236
October.
November.
December.
3,023
5,897
7,582
1960-January. .
February.
March
4,909
1952
.
7,265
9,581
Source: See Table 1.
preceding sections
i/ Treated as noncash
and as cash refund
Total deduntions
Equals:
Federal
receipts
from the
public
Reconciliation to cash transactions in Treasurer's account
Plus: Receipts
from exercise
of monetary
authority 2/
Equals:
Cash
Adjustment for deposits
net difference in the
due to report- Treasurer's
ing method (see account
also Table 4)
2,185
2,255
2,183
2,090
2,763
68,013
71,499
71,627
67,836
77,088
68
U
3,290
3,553
3,694
82,107
81,893
81,660
49
59
4,3a
40
48
4,500
4,369
94,796
102,178
40
48
4,460
8,124
9,722
486
1
3
4
3,973
7,903
9,488
-519
3
230
487
220
234
1
a7
293
71
3,455
8,199
9,563
1,009
2,004
1,474
4,032
7,901
9,057
348
316
889
6
354
6
5
3a
5
894
3,678
7,579
8,163
-243
16
118
3,441
7,600
8,286
828
2,329
1,708
5,737
9,595
11,289
272
4
5
277
364
205
5,461
9,231
11,084
4
359
199
-68
-327
830
11,9a
'6
73
29
23
6
Details of basic receipt figures appear in
in the Bulletin.
refund deductions from receipts when issued
deductions when redeemed.
56
-ao
73
lU
29
-107
-32
23
59
U
4
5
5
5
6
-281
141
-93
68,081
71,345
71,815
67,758
77,079
81,875
82,094
81 ,612
94,836
102,226
5,397
8,909
Consists of seigniorage and the Increment resulting from reduction
in the weight of the gold dollar; excluded from receipts from the
public but included in cash deposits in the Treasurer's account.
Less than $500, 000.
Table 4.- Derivation of Federal Government Payments to the Public, and Reconciliation to
Cash Withdrawals from the Account of the Treasurer of the United States
(In millions of dollars)
Treasury Bulletin
20
.CASH INCOME AND OUTGO.
Table 5.- Intragovernmental Transactions Excluded from Both Receipts and Payments
. .
.
)
:
,
<
May I960
21
CASH mcCME AMD OUTGO
Table 7.- Derivation of Federal Government Net Cash Debt Traneactlone with the Public,
and Reconciliation to Net Caeh Debt Transactions through the Account of the
Treasurer of the United States
(Net borrowing, or repayment of borrowing
(-); in millions of dollars)
Change in public debt and agency obligations held by the public
Fiscal year
or month
Plus: Net sale of obligations
of Government enterprises in
the market
Public debt
increase, or
decrease (-)
1952
Public and
trust enterprise funds
m
3,883
6,966
5,189
3,115
-1,623
1953
195i
1955
1956
Governmentsponsored
enterprises
-186
-59
602
173
269
872
-167
1,222
1957
1958
1959
-2,22i
5,816
8,363
1,085
567
71
1960 (Est.)
1961 (Est.)
-206
-4,500
985
885
906
1959-July
August
September.
-2,100
October. .
November.
December..
2,957
-664
209
1%0-January.
3,976
1,7U
February.
March. . . .
Fiscal year
or month
1952
Net
accrued
interest
on
savings
bonds ajid
Treasuiy
bills 2/
758
718
524
Governmentsponsored
enterprises
101
79
179
175
153
-77
126
446 1/
171
549
3,640
3,130
2,454
-3,743
101
41
461
-68
-3,392
5,560
10,837
-57
208
1,769
161
185
258
240
1,037
-5,845
-1
51
155
364
178
79
-686
646
-329
16
19
12
165
-92
-82
-1 ,466
3
117
185
-52
-682
12
-12
15
56
24
-16
174
-96
-61
-290
-891
186
292
-128
a
UO
127
-26
-54
3
105
104
Less:
Public
enterpris
funds
102
102
-3,757
Equals
Increase in
securities
held by the
public, or
decrease (-)
2,262
105
-1,215
56
287
-501
..
Trust funds
3,355
3,068
1,686 1/
1,236
2,516 2/
33
11
-U
Net investment in Federal
securities by Government agencies
Less:
36
91
4,8U
1,370
3,760
-665
343
701
-718
-4,139
la
Deductions for noncash and other transactions
Issuance of public debt securities representing expenditures, or refunds of receipts 4/
Adjusted
service
bonds
Armed
forces
leave
bonds
^
Notes to
International
Monetary
Fund
y
-68
-24
-9
-U
109
156
175
Excess
profits
tax
refund
bonds 6/
-1
Total
deductions
Equals:
Net cash
borrovdng
from the
public, or
ro payment
(-)
680
722
618
bU.
-505
2,919
2,512
1,809
-4,366
Less:
Transactions
not
reflected
Equals:
Net cash
borrowing
through
the
in
the
Treasurer's
account 7/
170
155
Treasurer's
account, or
repayment (-
-674
2,763
2,255
1953
1954
1955
1956
497
456
1957
1958
1959
388
254
801
-6
-4
-2
-674
-450
1,361
-292
-200
2, 160
-3 ,100
1960 (Est.)...
-2
250
623
1961 (Est.)...
375
125
124
414
-5,969
1959-July
August . .
September
229
49
-9
10
-18
239
31
-9
4,606
1,339
-1,457
69
23
4,537
1,261
-1,480
October.
November.
December.
95
105
97
111
3,656
-763
14
6
3,642
-768
101
10
74
10
233
13
a9
1960-Januaiy.
Februaiy.
March
118
-6
-154
30
32
147
554
638
26
-7U
-84
156
-901
54
-100
-4,039
29
-4,068
Source:
See Table 1.
23
28
-1
Footnotes on following page.
623
5,760
8,678
256
230
399
549
506
646
1,579
-4,765
-3 ,648
5,253
8,032
414
-5,969
78
Treasury Bulletin
22
CASH IWCCME AND OITTGO
Footnotes to Table 4
Net operatine expendlturee, or receipts (-), as meaaured by funds
provided by or applied to net security tranaactlons reflected In
Treasury reports (see Table 7). To a large extent, these Governmentsponsored enterpriaee secure funds for their operations by direct
borrowing from the public or by cashing Federal securities which
they hold, and they apply the net Inctane 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 disinvestment In
Federal securities and sale of agency obllfiatlona In the market,
2/
i/
kj
and net receipts from operations are shown In terms of the combined
net of investment in Federal securities and redemption of agency
obligations In the market.
Not reported prior to 195^.
See Table 7, footnote 1.
Does not Include revolving fund receipts representing acquired
eecurltias anouctlng to $1,6U3,070 (par value).
Footnotes to Table 5
1/
2/
^
i*/
Federal intermediate credit bank franchise tax through December 195^
and, beginning 1953, also relmbxirsement by Panama Canal Company for
expenses and services.
Includes reimbursement by Federal Old-Age and Survlvcars Insurance
Trust Fund and Federal Disability Insurance Trust Fund for Administrative expenses, and also for refimds of taxes (treated as an
offset to refunds rather than being credited to receipts) beginning
with 1953 for the fomtr a«i 1959 for the latter; reimbursement by
Highway Trust Fund for refunds of taxes; reimbursement by the District
of Columbia; payment of dividends, Interest, etc., by Federal national
Mortgage Association's secondary market operations; and Federal.
Intermediate credit bank franchise tax and repayment of capital
stock to the Treasury aft«r December 1956 and before January 1959*
Codsiats of pejnent of earnings and repayment of capital atoak to
the Treasmy for 1952; and payment of franchise tax by banks
for cooperatives beginning 1955, oaA by Federal intermediate credit
banks beginning January 1959.
Includes relatively email amounts of deductions from salaries paid
by trust funds and Govemment-apoaeored enterprises.
Beginning with
fiscal year 1958 excludes deductions tram salaries of District of
^y
6/
•
Columbia employees (see 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 contributlcaie;
payments to the Ballroad Fetlrement Account (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 Colisnbla; anl awards of Indian Claims Commission.
Includes payment by District of Columbia to the Civil Service retirement fund for its share of contributions, and beginning with 1958
also deductions from its payroll; financial adjustments among Railroad Retirement Account, Federal Old-Age and Survivors Insurance
Trust Fund, Federal Disability Insurance Trust Fund, and Unemployment Trust Fund; transfers from Civil Service retirement fund to
Foreign Service retirement fund from 1955 through 195'?; and
transfers from Railroad Unemployment Insurance Administration Fund
to Unemployment Trust Fund through 1955.
Less than $500,000.
Footnotes to Table 6
y
y
u
y
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 1954., consists only of public debt
interest checks and couJ)one outstanding; net increase, or decrease
(-).
Not reported as a separate clearing account prior to 1954.Treated as noncash expenditures at the time of issuance of the
secuxlties and as cash expenditures at the time of their redenptionj
net issuance, or redemption (-).
Issxied in 1936 in exchange for adjusted service certificates held by
veterans of World War I. The bonds matiired in 1945.
Issued in 1947 in payment for accumulated leave. The lart of these
bonds matured in 1951<
6/
7/
Part of the United States subscription to the capital of the International Monetary Fund was paid in the form of nonlnterest-bearing
nonnegotiable notes payable on demand (see 1947 Annual Report of
the Secretary of the Treasury, pages 48, 350, and 385).
Checks outstanding less deposits in transit, and changes in other
accounts; net increase, or decrease (-)
Prior to 1954 Includes
also public debt interest diie and unpaid (see footnote 2).
Includes $1,031 million of notes issued as part of the additional
United States subscription to the Fund authorized by Public Law
86-48, approved June 17, 1959 (see "Budget Receipts and Expenditures," Table 3» footnote 10),
Less than $500,000.
.
8/
*
Footnotes to Tabid 7
In this table, beginning 1954-, in accordance with treatment in Budget
documents, net investment in United States securities by Governmentsponsored enterprises includes a small amount by other enterprises
In Table 4
regarded as representing net transactions with the public.
y
under "Trust Account and Other Transactions," these amounts are ineluded in trust and deposit fund account investment.
Does not include investments representing acquired securities amounting
to $1,643,070 (par value) and donation of securities amounting to
$45,800 (par value).
Accrued discount on savings bonds and bills, which is included in the
principal of the public debt, leas interest paid on savings bonds and
bills redeemed.
ij
y
6/
2/
*
Treated as noncash transactions at the time of issuance and as cash
transactions at the time of irederaption; net issuance, or redemption (-).
Excluded from borrowing because the transections are treated as expenditures in Table 6.
Excluded from borrowing because the transactions are treated as deductions from receipts in Table 3.
Harket transactions in public debt securities and agency obligations
less than $500,000,
,
May
mo
23
.ACCOUNT OF THE TREAStRHl OF THE DNITH) STATES.
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 same bank. On
occasions, to the extent authorized by the Treasury,
banks are permitted to deposit In these accounts proceeds
from subscriptions to public debt securities entered for
their own account as well as for the account of their
The working cash of the Treasury Is held mainly in
Treasurer's accounts with Federal Reserve Banks and
branches.
As the balances In these accounts become depleted, they are restored by calling In (transferring)
funds from the tax and loan accounts with thousands of
commercial banks throughout the country.
customers.
The tax and loan account system permits the Treasury
to leave funds In banks and In the coamunltles In which
they arise until such time as the Treasury needs the funds
In this way the Treasury Is able
for Its operations.
Deposits to tax and loan accounts occur In the
normal course of business under a uniform procedure
to neutralize the effect of Its fluctuating operations
on bank reserves and the economy.
applicable to all banks whereby customers of banks deposit
Kith them tax payments and funds for the purchase of
3overnment securities.
In most cases the transaction
litTOlves 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 3ecret£u:y
of the Treasury for 1955.
pages 275-28U-.
Table 1.- Status of the Account of the Treasurer of the United States
(in
millions of dollars)
Treaauiy operating balance
End of
fiscal
year or
month
1952
Available
funds in
Federal
Reserve
Banks
Tax and loan
accoiants in
special
depositaries
Gold in
Treasury
fund
333
132
875
380
522
5,106
3,071
4,836
4,365
4,633
1,009
984
497
1957
1958
1959
498
410
1958-Dec.,
1959- July,
Silver,
Total
coin, and
operating crarrency
balance
Unclassified
collections
etc.
In Federal
Reserve
Banks in
process of
collection
In other
depositaries
U7
240
100
5,590
9,749
5,350
399
5,099
138
4,961
406
392
424
5,930
6,709
93
41
175
111
201
7,103
92
87
5,837
6,617
7,017
64
171
32
137
55
165
380
378
371
6,482
5,081
5,696
106
113
113
6,376
4,968
5,583
74
56
79
251
243
192
431
411
360
4,969
5,406
108
5,297
108
4,862
5,311
5,189
450
ao
50
493
501
93
274
343
463
520
500
37
4a
438
489
401
101
5,069
9,030
4,380
190
259
306
37
49
302
287
UO
535
4,082
8,218
3,744
63
273
358
3,468
396
4,222
292
46
522
537
704
4,364
5,227
6,159
297
289
279
60
42
5,353
106
110
102
4,992
Aug.,
Sept,
Oct.,
Nov.,
488
582
Dec,
504
4,990
3,559
4,216
109
102
106
5,587
4,243
4,825
280
291
279
1960-Jan.,
Feb.
Mar.
567
453
549
3,246
3,843
3,738
102
100
109
3,915
4,397
4,395
298
299
271
Daily Treasury statement.
Consists of Treasurer's checks outstanding, reserve and other deposits
of Board of Trustees of the Postal Savings System, uncollected items,
exchanges, etc., beginning December 1954; prior to that time included
also Post Office Department and Postmasters' disbursing accounts (see
footnote 2).
Beginning December 1954, Post Office Department and Postmasters'
Source;
6,969
4,670
6,766
6,216
6,546
6,037
9,990
5,451
355
75
1/
of U. S.
365
429
34
5,875
Balance in
account of
Treasurer
512
426
476
194
161
191
187
159
1954
1955
1956
Liabilities
1/
7,481
5,096
7,243
6,362
6,712
6,448
4,187
6,207
5,239
5,656
1953
Total
assets
U6
166
95
2/
disbursing accounts are no longer treated as liability accounts
of the Treasurer of the United States, but are classified and
treated in the same manner as other disbursing accounts, in
accordance with the change in method of reporting Post Office
transactions (see "Budget Receipts and Expenditures," Table 3).
An adjustment of - t207 million in the balance in the Treasurer':
account (and in the "clearing account") reflects this change.
2k
Treasury Bulletin
.ACCOUNT OF THE TFEASURBB OF THE UNITED STATES.
Table 2.- Analysis of Changes in Tax and Loan Account Balances
(In millions of dollars)
Credits
During period
Proceeds from soles of securities 1/
Fiscal year
or month
Savings
bonds
Savings
notes
Tax
anticipation
Withheld
and
excise 2/
secxirities
195?
195i
1955
1956
2,226
2,667
3,i57
i,42i
3,810
1957
1958
1959
2,976
2,824
2,668
1953
4,679
2,231
2,333
2,451
5,243
6,861
6,035
5,043
2,922
7,581
195 8- December.
234
1959-July
202
176
172
2,915
974
October.
November.
December.
202
197
1,925
1960- January.
February.
March. .
319
Au^st
. .
September
.
225
Income (by
special
arrangement) 2/
Total
credits
1,425
950
1,649
1,910
1,103
3,255
4,212
3,870
3,991
3,373
4,082
8,218
3,7U
6,078
8,869
8,055
813
58,520
46,000
50,908
62,994
1,078
912
2,987
3,246
3,638
1,133
4,113
5,523
3,468
4,355
1,728
3,133
1,3U
89
6,4a
3,665
3,057
4,5U
5,801
3,952
4,388
4,364
5,227
1,285
5,765
5,382
5,454
2,467
2,916
2,885
4,486
4,179
4,276
63
5,396
3,660
6,322
5,759
5,091
5,665
4,990
3,559
4,216
5,663
2,384
2,773
3,058
4,374
3,808
4,170
3,384
4,235
5,539
4,354
3,638
3,246
3,843
3,738
2,891
1,716
2,248
3,464
3,126
3,425
6,568
13,513
26,709
27,881
29,190
4,152
7,903
5,919
45,U8
2,746
1,921
1,970
303
2U.
Source: Office of Fiscal Assistant Secretaiyj figures are on basis of
telegraphic reports,
i/ Special depositaries are permitted to make payment in the form of
a deposit credit for the purchase price of United States Government
obligations purchased by them for their own account, or for the
account of their customers who enter subscriptions through them,
when this method of payment is permitted under the terras of the
circulars inviting subscriptions to the issues.
2/ Taxes eligible for credit consist of those deposited by taxpayers
in the depositary banks, as follows: Withheld income tax beginning
Average,
5,409
8,776
7,493
7,299
5,486
13,270
10,227
4,791
2,967
4,611
2,135
High
5,106
3,071
4,836
4,365
4,633
13,579
15,859
19,898
20,538
23,897
1,900
End of
period
37,066
43,303
39,879
42,545
38,871
287
5,041
4,304
8,167
786
13 ,164
Withdrawals
1,072
3,463
3,067
1,059
3,932
3,559
36,493
41,267
41,6U
42,074
39,U0
55,
OU
4,616
1,109
36
1,737
"^
5,6U
5,353
4,857
5,a2
4,559
3,843
4,642
March 1948; taxes on employers and employees under the Federal
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 deposital
bank to be credited to the tax and loan account in that bank.
This procedure is followed during some of the quarterly periods
of heavy tax payments.
,
,
..
)
,
May I960
25
,
DEBT OOTSTANDING
.
Table 1.- Summary of Federal Securiiies
(in millions of dollars)
Total outstanding
End of
fiscal
year or
month
Public
debt S/
Total 1/
1952
259,151
266,123
1953
46
52
81
Public
debt
Guaranteed
securities 1/
Monetary
Fund 5/
u
256,863
74
107
101
111
268,592
274,798
281,944
268,486
274,698
281,833
106
101
110
2,042
1,646
2,042
1,646
284,817
270,527
276,343
284,706
2,873
2,873
2,084
27i,il8
272,825
1957
1958
1959
259,105
266,071
271,260
274,374
272,751
Public debt
Guaranteed
securities 2/
256,907
263,997
268,990
271,785
269,956
271 ,3U
1954
1955
1956
Matured debt and debt bearing no interest
Interest-bearing debt
270,634
21b,
IM
U
44
51
80
43
263 ,946
268,910
271,741
269,883
2,211.
2,126
2,351
2,634
2,869
73
Other
6/
419
298
437
589
666
1,274
1,302
1,411
1,567
1,742
550
525
502
477
460
529
597
476
1,068
618
1,979
4U
2,084
903
757
423
437
a.2
426
1,989
1,971
1,971
416
2,242
2,125
2,350
2,633
2,868
430
417
195 8- December.
283,031
282,922
109
280,947
280,839
108
195'^July
August..
September
288,792
290,506
288,412
288,682
290,396
288,296
110
111
116
285,948
287,709
285,840
287,599
109
110
285 ,602
285 ,486
115
2,844
2,798
2,810
2,842
2,797
2,810
October.
November.
December.
291,372
290,713
290,925
291,253
290,589
290,798
118
124
127
288,596
287,866
287,830
288,478
287,742
287,704
118
124
127
2,776
2,847
3,095
2,775
2,847
3,094
382
380
618
1,981
2,055
2,065
411
412
411
1960-Januaiy.
Februaiy.
March ....
291,215
290,719
286,965
291,085
290,583
286,826
130
135
138
288, a5
287,723
283,910
288,086
287,588
283,772
130
135
138
3,000
2,996
3,055
2,999
2,995
3,054
494
459
2,095
2,127
2,181
410
410
411
Source: Daily Treasury statement.
Includes certain obligations not subject to statutory limitation. For
amounts subject to limitation, see page 1.
Includes debt incurred to finance Government agencies (see Table 6).
Excludes guaranteed securities held by the Treasury.
4/ Consists of Federal Housing Administration debentures beginning 1953 ,
and also D. C. Armory Board stadium bonds beginning July 1959.
S/
i/
6/
463
ties 2/
(matured
4U
413
Special notes of the United States issued to the International Monetary
Fund in payment of part of the U. S. subscription. In 1959, $1,031
million of notes were issued for part of the additional subscription
authorized by an act approved June 17, 1959 (see "Budget Receipts and
Expenditures," Table 3, footnote lO),
For current month detail, see "Statutoiy Debt Limitation," Table 2.
Table 2«- Coinputed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
Computed annual interest rate
Total interest-bearing securities
End of
fiscal year
or month
1952
Amount
outstanding
Public debt
and guaran- Public
teed securi- debt
ties i/
Computed annual
interest charge
Public debt
and guaranteed securities 1/
Public
debt
5,9n
Public debt
Marketable issues
Total
interestbearing
securities
Total
public
debt
Total
Bills
2/
2.480
2.485
1.033
3.316
3.345
3.330
2.842
2.504
2.806
3.304
2.482
2.576
2.619
2.853
2.892
2.925
2.635
2.630
2.694
2.611
2.622
2.628
2.624
2.930
2.212
2.954
2.592
2.909
2.646
2.621
2.909
3.072
3.138
2.954
3.207
3.238
3.577
3.670
3.847
,842
,650
,650
3.302
3.782
3.776
2.619
2.619
2.619
2.928
2.931
3.159
2.699
2.699
2.699
2.624
2.634
2.632
3.194
3.260
3.300
3.194
3.260
3.300
3.319
3.418
3.473
4.111
4.265
4.500
3.650
4.130
4.130
3.838
3.910
3.918
2.619
2.619
2.619
3.166
3.171
3.189
2.699
2.701
2.701
2.632
2.638
2.652
3.334
3.378
3.336
3.334
3.378
3.336
3.518
3.584
4.677
4.666
4.475
4.130
4.749
4.749
3.917
4.010
4.006
2.619
2.619
2.619
3.193
3.199
3.206
2.702
2.707
2.707
2.657
2.659
2.660
2.329
2.438
2.342
2.351
2.576
2.329
2.438
2.342
2.351
2.576
2.051
2.207
2.043
2.079
2.427
1.711
2.254
1957
1958
1959
268,592
274,798
268,486
274,698
281,833
7,328
7,248
8,069
7,325
7,245
8,066
2.730
2.638
2.867
2.730
2.638
2.867
2.707
2.546
2.891
3.197
281, 9U
1958- December.
280,947
280,839
7,546
7,543
2.689
2.689
1959-July
August . . .
September,
285,948
287,709
285,602
235 ,840
285 ,486
8,299
8,815
8,939
8,296
8,812
8,935
2.909
3.072
3.137
October. .
November.
December..
288,596
287,866
287,830
288,478
287,742
287,704
9,193
9,357
9,469
9,190
9,354
9,466
288,215
287,723
288,086
287,588
9,573
9,683
283 ,910
283 ,772
9,576
9,686
9,443
1960-January.
February.
March
.
.
.
9,U0
2.578
2.575
2.547
2.590
2.606
2.075
6,431
6,298
6,387
6,950
287,599
2.675
2.746
2.671
2.585
2.705
1/
u
2.659
2.720
2.751
2.789
2.824
5,982
6,432
6,300
6,388
6,952
,
Special
issues
1.560
1.754
1.838
1.846
256,863
263,946
268,910
271,741
269,883
1954
1955
1956
Treasury
bonds
1.875
2.319
1.928
1.173
2.625
256,907
263,997
268,990
271,785
269,956
1953
Certificates
Guaranteed
securities
Nonmarketable
issues
Source: Daily Treasury statement.
Rote: The computed annual interest charge represents the amount of interest
that would be paid if each interest-bearing issue outstanding at the end
of each month or year should remain outstanding for a year at the applicable annual rate of interest. The charge is computed for each issue by
applying the appropriate annual interest rate to the amount outstanding
on that date. The aggregate charge for all interest-bearing issues
constitutes the total computed annual interest charge. The average
annual interest rate is computed by dividing the computed annual interest
charge for the total, or for any group of issues, by the corresponding
3.523
1/
2/
2/
ij
.843
1.539
2.654
2.317
2.342
2.U0
principal amotuit. Beginning with data for December 31, 1958, the
computation is based on the rate of effective yield for issues sold
at premium or discoxint.
Prior to that date it was based on the
coupon rate for all issues.
Excludes guaranteed securities held by the Treasury.
Total includes "Other bonds"; see Table 3.
Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
On United States savings bonds the rate to maturity is applied
against the amount outstanding.
Treasury Bulletin
26
-DEBT OUTSTANDING.
Table 3.- Interest-Bearing Public Debt
(in millions of dollars)
Public issues
Total
interestbearing
public
debt
End of
fiscal
year or
month
1952
256,863
263, 9i6
268,910
271,741
269,883
1953
1954
1955
1956
Monmarketable
>ferke table
Treasury bonds
Total
public
issues
Certificates
a9,124
140,407
2Z3 ,408
U7,335
226,681
228,491
224,769
150,354
155,206
154,953
17,219
19,707
19,515
19,5Li
20,808
28,423
15,854
18,405
13,836
16,303
Bank
eligible
V. S.
Other
bonds
Bank restricted
savings
bonds
2/
U2
Treasury
savings
notes
Treasury
bonds,
investment
series
6,612
4,453
5,079
373
13,288
12,775
12,589
12,009
U7
96
71
50
57,685
57,886
58,061
58,365
57,497
50
50
50
65,953
61,777
59,050
54,622
51,984
50,503
11,135
3U
80,789
90,883
84,803
48,200
63,980
71,706
81,057
81,840
30,973
20,416
27,460
17,245
8,672
124
1,913
Special
issues
bonds
U,046
78,717
76,073
76,326
73,285
69,817
18,963
30,425
31,960
40,729
35,952
Depositary
411
417
310
37,739
40,538
42,229
43,250
45,1U
9,6a
196
171
46,827
46,246
8,365
183
W,756
1957
1958
1959
268,486
274,698
281,833
221,658
228,452
237,078
155,705
166,675
178,027
23,420
22,406
32,017
32,920
33,843
1958-Dec.
280,839
235,999
175,586
29,748
36,364
26,072
83,352
50
60,412
51,192
9,017
203
U,840
1959-July
285,840
287,599
183,057
184,463
33,843
20,343
20,343
27,341
40,654
40,758
84,794
84,786
84,778
50
50
50
58,722
58,413
58,029
50,2a
8,318
8,251
8,132
183
49,983
49,721
44,061
44,723
50
50
50
57,449
57,204
55,928
49,434
49,280
48,154
7,824
7,736
7,590
191
188
184
43,596
43,582
43,506
50
55,600
55,370
55,078
47,877
47,825
47,754
7,539
7,370
7,152
183
174
171
42,630
42,835
43,257
20,473
27,
285 ,486
241,779
242,876
241,086
183 ,057
37,029
38,631
37,128
Oct.
Nov.
Dec.
288,478
287,742
287,704
244,882
244,160
244,197
187,433
186,957
188,269
39,130
39,134
39,643
20,343
19,669
19,669
43, Ul
U,152
84,770
84,763
84,754
I960- Jan.
Feb.
Mar.
288,086
287,588
245,456
244.753
240,515
189,856
189,384
185,437
41,156
41,160
37,153
19,669
15,245
15,238
44,235
48,198
48,284
84,746
84,731
84,713
Aug.
Sept
283 ,772
43,341
50
50
179
176
I
I
U,400
li
Source: Daily Treasury statement,
1/ Issues which commercial banks (banks acceptiiig demand deposits) were
not permitted to acquire prior to specified dates, except that:
(l)
concurrently with the i.th, 5th, and 6th War I^ans and the Victory
Loan,
they were permitted "to subscribe for limited investment of
2/
their savings deposits; (2) they might temporarily acquire
such issues through forfeiture of collateral; (3) they might
hold a limited amount of such issues for trading purposes.
Consists of Panama Canal bonds, and also postal savings bonds
until the last of these bonds matured on July 1, 1955.
Table 4.- Av«ra^ Length and Maturity Distribution of Marketable Interest-Bearing Public Debtl/
(In millions of dollars)
Maturity classes
End of
fiscal year
or month
Amount
outstanding
Within
1 year
5
years
- 10
10-20
years
Average length
20 years
and over
13,933
15,651
27,515
34,253
28,908
25,700
28,662
28,634
28,613
28,578
6,594
1,592
1,606
3,530
4,351
5 yrs.
8 mos.
5 yrs.
4 mos.
5 yrs.
58, 7U
47,814
36,161
29,866
39,107
34,401
6 mos.
10 mos.
4 mos.
155,705
166,675
178,027
71,952
67,782
72,958
40,669
42,557
58,304
12,328
a, 476
17,052
26,407
27,652
a, 625
4,349
7,208
8,088
4 yrs.
5 yrs.
4 yrs.
3
175,586
72,616
53,803
17,167
24,793
7,206
4 yrs.
9 mos.
August. ..,
September,
183,057
184,463
183,057
77,970
75,158
73,656
58,331
62,556
62,660
17,052
17,051
17,051
a, 617
a, 611
a, 604
8,088
8,087
8,087
4 yrs.
4 yrs.
5 mos.
6 mos.
5 mos,
October. ..
November.
December.
187,433
186,957
188,269
75,836
77,947
79,941
81,455
76,735
64,864
62,284
61,609
61,691
72,849
72,934
18,326
18,325
22,139
22,138
15,240
19,931
20,3
20,316
16 ,494
a
8,086
8,085
8,085
8,084
7,194
7,193
4 yrs.
4 yrs.
4 yrs.
1952
140,407
1953
1954
1955
1956
U7,335
1957
1958
1959
1958-Deceiiiber.
150,354
155,206
154,953
1959^July
1960-January.
February.
March
,
-
189,856
189,384
185,437
46,367
65,270
62,734
49,703
72,7a
Source: Debt Analysis Staff in the Office of the Secretary.
All issues classified to final matxudty except partially
X/
1-5
years
16,489
17,365
12,659
5 yrs.
5
yrs.
4 yrs.
4 yrs.
4 yrs.
4 yrs.
tax-exempt bonds, which ar« classified to earliest call date.
9 mos.
mos.
7 mos.
4 mos.
4 mos.
4 mos.
2 mos.
3 mos.
4 mos.
.
.
May I960
27
jsERT ourarAKDnc.
Table 5.- Special Issues to United States Government Investment Accounts
(in millions of dollars)
Federal
Deposit
Inaurance
Corporation
End of fiscal
year or month
1952.
1953.
1954.
1955.
1956.
37,739
40,538
42,229
43,250
45, lU
888
846
892
835
673
1957.
1958.
1959.
46,827
46,246
718
673
U,756
629
1958-Deceniber.
U,840
1959-July
August. .
September
44,061
U,723
628
628
October.
November.
December.
43,596
43,582
43,506
42,630
42,835
43,257
1960-January.
February.
March.
.
.
44,400
Federal
Disability
Insiirance
Trust
Fund
Federal
home
loan
banks
Federal
Savings
and Loan
Survivors Inaurance
Insurance CorporaTrust Fund tion
Federal
Old-Age
and
U,047
5,0U
50
50
232
200
52
15,532
17,054
18,239
19,467
325
996
1,533
50
165
165
19,463
18,610
17,227
103
631
1,257
165
17,753
104
6a
1,556
1,625
1,668
165
165
165
16,547
16,849
16,678
120
122
124
1,647
1,667
1,715
1,668
1,709
1,793
165
165
165
16,0%
122
122
122
122
122
122
8,802
8,843
8,893
8,922
8,986
9,050
616
622
629
703
720
721
165
165
165
15,892
15,864
15,223
15,247
15,667
79
61
84
94
103
112
116
Source:
Daily Treasury statement.
Consists of Canal Zone Postal Savings System beginning April 1958.
Consists of: Farm Tenant Mortgage Insurance Fund (through March 1956),
1/
2/
National
Government
Federal
Highway Service
employees Ufe
Trust
Life
retirement Insurance
Fund
Insurance
funds
Fund
Fund
5,602
5,854
6,168
6,667
1,300
1,299
1,234
1,233
1,217
5,191
5,249
5,272
5,346
5,481
Postal
Savings
System
1/
Railroad
Retirement
Account
Dnemployment
Trust
Fund
552
452
2,863
3,128
3,345
3,486
3,600
7,745
8,287
8,024
7,479
7,737
213
91
6
1,127
404
822
429
5,570
5,665
5,742
3,475
3,531
3,417
7,996
6,671
5,636
8,124
1,120
386
5,625
3,503
6,055
8,663
1,124
1,119
1,116
251
91
5,732
5,722
5,715
3,6U
5,540
5,947
7,394
7,738
8,73
8,771
1,200
1,U4
1,111
1,105
1,100
1,097
1,115
1,109
18
121
5,707
5,700
5,692
5,686
5,778
5,764
3,602
3,571
3,463
3,428
3,401
3,299
3,292
3,289
5,833
5,736
5,905
5,794
5,594
5,565
5,318
Other
2/
9
32
24
79
112
123
120
126
127
129
131
132
133
134
135
137
139
Adjusted Service Certificate Fund (through December 1956) , various
housing insurance funds, and Veterans' Special Term Insurance Fund.
Less than $500,000.
Treasury Bulletin
2S
.EEHT OUTSTANDING.
Table 6.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
:
:
May I960
29
.STATUTORY DEBT LIMITATION,
The Second Liberty Bond Act ( 31 U.3.C. 757 b), as
amended by an act approved June 30, 1959, provides that
the face amount of obligations Issued under authority of
that act, and the face amount of obligations guaranteed
as to principal and Interest by the United States (except
guaranteed obligations held by the Secretary of the Treaeury), shall no,t exceed In the aggregate t2S5 billion out-
The corresponding limitation
In effect under the act of June 26, 19^6, was $275 billion
and that under the act of September 2, 195S, was $283
In addition, temporary increases have been
billion.
standing at any one time.
authorized as follows: $6 billion beginning on August 2S,
195^. and ending on June 30, 1956 (acte approved August 2g,
195^,
and June 30, 1955); $3 billion beginning on July 1,
and ending on June 30, 1957 (act approved July 9,
195^); $5 billion beginning on February 26, 395^, and
ending on June 30, 1959 (act approved February 26, 195^)1
and $10 billion beginning on July 1, 1959, and ending on
1956,
June 30, i960 (act approved June 30, 1959)- Obligations
issued on a discount basis, and subject to redemption prior
^^ maturity at the option of the owner, are Included In the
statutory debt limitation at current redemption values.
Table 1.- Status under Limitation, March 31, 1960
(In millions of dollars)
Maximum amount of securities which may be outstanding at any one time under limitation imposed by the act
of June 30, 1959 (31 U.S.C. 757 b)
295,000
Amount of secxirities outstanding subject to such statutory debt limitation:
Government securities issued under the Second liberty Bond Act, as amended
Guaranteed securities (excluding those held by the Treasury)
286,il8
138
D, S.
Total amo\int of securities outstanding subject to statutory debt limitation
286,556
Balance issuable under limitation
Source:
8,^M.
Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding March 31, 1960
(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 reden^jtion value)
Depositary bonds
Treasury bonds, investment series
Total nonmarketable
Special issues to Government agencies and trust funds.
Total Interest-bearing securities
Matured securities on which interest has ceased
Debt bearing no Interest:
United States savings staaps
Excess profits tax refund bonds
Special notes of the United States, International Monetary Fund Series..
United States notes (less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes.
Other debt bearing no interest
Total debt bearing no interest.
Total public debt
Guaranteed securities; 1/
Interest-bearing
ffetured
Total guaranteed securities
Total public debt and guaranteed securities.
Subject to
statutory debt
limitation
37,153
15,238
48,284
84,713
Not subject to
statutory debt
limitation
Total
outstanding
Treasury Bulletin
30
PUBLIC DEBT OPEEIATIONS
Table 1.- Maturity Schedule of In tercet -Bearing Public Marketable Securities
Outstanding March 31, 1960
Other Than Regular Weekly Treasury Bills
(in millions of dollars)
Slay
I
Treasury Balletir,
32
PUBLIC DEBT OFERATIONB
Table 2.- Offerings of Treasury Bills
.
May
mo
33
PDBLIC DEBT OFHIATIOIB
Table 2.- Offerings of Treasury Bills
Average price
per hundred
1960-Jn.
7...'
J».
U
Jan.
21
Jan.
28
Fab.
I..,,,,...
f98.a37
197.422
4.601
5.099
r98.a40
197.478
4.590
4.989
r98.879
t97.6a
4.436
4.666
r98.960
\97.671
4.115
4.607
hm
A.Q39
4.501
7»b.
U
/99.099
\97.930
3.563
4.094
Tab.
18
r98.978
\97.829
4.0U
Feb.
2}
[98.946
\97.778
4.169
4.396
Mar.
3
f98.919
197.746
4.277
4.458
Mar.
10
199.080
197.966
3.6a
Mar.
17
(99.128
(98.170
3.450
3.619
Mar.
24
J99.Z33
198.395
3.033
3.176
Mar.
31
199.294
\98.389
2.792
3.187
f99.310
196.520
2.731
2.927
084
198.052
3.622
3.854
Apr.
7p
ipr.
14p
4.294
4.024
Apr.
21p
(99.164
198.128
3.306
3.705
Apr.
28p
?99.162
198.127
3.317
3.705
96.745
97.821
4.783
4.725
97.282
96.378
95.193
95.680
94.849
95.328
3.386
3.835
4.728
4.B60
5.067
4.608
Tax anticipation billB l
1959-Oot.
1960-Jan.
21
8 2/
Othar blllat
1959-Apr.
May
July
Dec
1960-Jan.
Apr.
1
11
15
2
15
15p
Price per hundred
(Percent)
Regular weekly blllat
iM
High
Equivalent average
rate!/
(Continued)
On Qorqpetltlve bide accepted
On total bids accepted
l9Bue data
-
98.862
97.U8
Equivalent rate 2/
Price per hundred
Equivalent rate 7/
Treasury BuUetin
3'+
PUBLIC DEBT OPERATIOIB
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(DollBr amounte in millions)
Description of issue
IsBue
Maturity
date
date
Number of
days to
maturity
Amount
of bids
tendered
Amount
of bida
act^epted
Average rate
on bids
accepted 1/
New money
increase, or
decrease (-)
(Rsrcent
.1953 -Apr.
May
May
May
June
June
June
June
July
July
July
23
1953- July
23
7
Aug.
Aug.
Aug.
6
20
27
Sept.
Sept.
Sept.
Sept.
3
10
17
24
21
28
^
11,
18,
25,
Aug.
Aug.
Aug.
Aug.
U.
21,
28.
2.320
t 100
91
91
91
2,166
2,340
2,087
1,500
1,501
1,501
2.352
2.092
2.084
200
200
200
91
91
91
91
1,782
2,290
2,207
2.416
2.323
2.228
1.954
199
198
300
1,985
1,500
1,400
1,501
1,500
300
91
91
91
2,192
2,167
2,277
1,500
1,501
1,500
2.106
2.007
2.106
300
100
100
8
15
Dec.
10
91
2,023
1,501
1.953
101
1955- Oct.
Oct.
Oct.
Oct.
6
13
91
91
91
91
2,119
2,258
2,390
2,403
1,600
1,600
1,600
1,601
1.541
1.606
1.619
1.720
99
100
100
100
91
91
91
92
2,328
2,292
2,369
2,178
1,601
1,601
1,601
1,600
1.850
1.889
1.888
1.875
100
98
100
100
91
91
91
91
91
2,202
2,282
2,654
2,328
2,317
1,600
1,602
1,602
1,601
1,601
2.088
2.135
2.104
1.981
2.122
99
102
99
93
101
9.
16,
7.
$ 1,501
Oct.
Oct.
Oct.
2,
Sept. 10.
1955-July
July
July
July
$ 2,202
25.
Nov.
Nov.
Nov.
Nov.
Sept.
1.
Sept.
8.
Sept. 15.
S»pt. 22.
Sept. 29.
Dec.
Dec.
Dec.
Deo.
Dec.
i,
11.
18.
1957-Jan.
31.
1957- May
Feb.
Feb.
Feb.
Fob.
7.
May
May
May
May
U.
21.
28.
1
20
27
3
10
17
25
1
8
15
22
29
91
2,624
1,700
3.283
99
23
91
91
91
31
92
2,626
2,719
2,580
2,741
1,700
1,700
1,800
1,802
3.133
3.057
3.182
3.288
99
99
200
202
6
9
16
13
91
91
2,769
2,830
1,800
1,802
3.246
3.239
200
M.
June
June
Dec.
Dec.
19.
26.
1958- Mar.
Mar.
20
27
91
91
2,348
2,416
1,700
1,700
3.140
3.173
100
98
1958-Jan.
Jan.
Jan.
Jan.
2.
9.
Apr.
Apr.
Apr.
Apr.
3
16.
23.
10
17
2i
91
91
91
91
2,388
2,430
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.
June
U
Sept. 11.
Sept. IS.
Sept. 25.
Dec.
Deo.
Dec.
11
18
Mar.
Mar.
7.
Oct.
2.
Oct.
Oct.
Oct.
Oct.
9.
,26
202
2,436
1,700
1.532
-100
91
91
92
2,550
2,636
2,576
1,800
1,800
1,800
359
604
2,511
100
99
99
92
2,291
2,382
3,088
2,987
2,872
1,801
1,800
1,803
1,800
1,803
2.920
2.668
2.927
2.804
2.647
101
100
104
99
102
1,802
1,801
2.649
2.774
102
101
1,600
400
2.805
3.081
200.
200
30.
1959- Jan.
Jan.
Jan.
Jan.
Jan.
2?
29
Nov.
Nov.
6.
13.
Feb.
Feb.
91
92
2,8U
13
Dec.
11.
12
11
91
182
2,407
\ June
IS.
[Mar.
\ June
19
18
91
182
2,476
764
1,600
400
.904
.095
26.
JMar.
\ June
26
25
90
2,394
834
,739
,017
201
181
1,601
400
2.
/Apr.
I July
2
2
90
181
2,479
755
1,600
400
2.690
2.920
199
8.
(Apr.
I July
9
9
91
182
2,508
680
1,599
2.678
2.959
199
400
(Apr.
16
16
91
182
2,178
734
1,600
401
2.808
3.034
197
Dec.
Dec.
1959-Jan.
Jan.
Jan.
Fnotnote
16.
23.
15.
at end of table.
f
Mar.
IJuly
15
5
91
91
91
91
2,857
1,073
(Continued on following
)
)
)
May I960
35
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
-
(Continued)
CDollar amounts In millions
Description of issue
Amount
Issue
date
Maturity
date
Number of
days to
maturity
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted 1/
New money
increase , or
decrease (-
(Percent
1959-Mar.
Mar.
Mar.
Mar.
Aug.
Aug.
Aug.
5...
12 2/,
19
26
1959-fjune
$ 2,090
721
$ 1,500
182
91
\Sept.
400
2.816
3.111
$101
3.062
3.375
101
(June
Sept.
11
10
91
182
2,254
967
1,301
fjune
|Sept.
18
17
91
2,019
727
1,301
2.763
182
400
3.058
fjune
[Sept.
25
2i
1,300
182
2,122
671
400
2.766
3.093
100
91
400
100
13....
fl959- Nov.
[1960- Feb.
12
11
91
182
1,866
875
1,200
400
150
690
199
20....
(1959- Nov.
\1960- Feb.
19
18
91
1,200
400
3.417
3.782
199
182
1,853
790
|1959- Nov.
ll960- Feb.
27
25
92
182
l,96i
1,200
400
3.824
4.152
204
27...,
Source: See Table 2.
Information in Table 3 covers bill offerings
January 2, 1953, through Ajrll 30,1960.
1/ Equivalent average rate on bank discount basis.
693
2/
Beginning March 12, 1959, the 13-week bills represent additional issues
of bills with an original maturity of 26 weeks.
Treasunj Bulletin
36
PUBLIC DEBT OPEEATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Date 3ubBcrii>-
May
mo
37
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Date subscrip+
1
nn honlca
-
(Continued)
Treasury Bulletin
3S
PUBLIC DEBT OPERATIONS
Table 4,- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
,
May
mo
39
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
Subscriptions in excess of $100,000 were allotted 31 percent for the
certificates and 12 percent for the notes. Subscriptions for $100,000
or less for both issues were allotted In full and subscriptions for
more than $100,000 were allotted not less than $100,000. In addition
to the amount allotted to the piiblic, $100 niillion of the notes were
allotted to. Government investment accounts.
22/ Redeemable at the option of the holder on August 1, 1959, on three
months' advance notice,
2^/ In addition to the amounts issued in exchange, the Treasury allotted
$100 million of each issue to Government investment accounts.
2L/ Redeemable at the option of the holder on February 15, I960, on three
months' advEince 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 subscriptions for
In addition
more than $100,000 were allotted not less than $100,000.
to the amounts allotted to the public, $100 million of each issue were
allotted to Government investment accounts.
^6/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 10 percent but in no case
less than $50,000. In addition to the amoimt 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.
27/ Subscriptions for $10,000 or less 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.
28/ Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 26 percent to savings-type
investors 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,
Subscrip29/ Subscriptions for $10,000 or less were allotted in full.
tions 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,
go/ Subscriptions for $25,000 or less were allotted in full, Subscriptions for more than $25,000 were allotted 24 percent but in no case
less than $25,000. In addition to the amount allotted to the public,
$100 million of the notes were allotted to Government investment
accounts,
21/ Subscriptions for $5,000 or less were allotted in full. Subscriptions
for more than $5,000 were allotted 60 percent to savings-type investors, UO percent to commercial banks for their own accoiint, and
25 percent to all other subscribers, but in no case less then $5,000,
In addition to the amount allotted to the public, $100 million of the
bonds were allotted to Government investment accounts.
32/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 59 percent but in no case
less than $100,000,
33/ Subscriptions for $100,000 or less for the bills and $50,000 or less
for the notes were allotted in full. Subscriptions for more than the
minimum for each issue were allotted 44 percent on bills and 35 percent on notes but in no case less than the minimum. In addition to
the amount allotted to the public, $100 million of the notes were
allotted to Government investment accounts.
34/ Subscriptions for $100,000 or less were allotted in full. Subscrip-
-
21/
}^/
36/
3?/
28/
3g/
^.Q/
41/
42/
p
(Continued)
tions for more than $100,000 were allotted 47 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 $470 million and were allotted 35 percent.
S\jb script ions from nil other investors totaled $610 million and were
allotted 15 percent. Subscriptions for $25,000 or less were allotted
in full when accompanied by 100 percent payment at the time of entei^
ing the subscriptions. All other subscriptions for $5,000 were
allotted in fxill. Subscriptions for more than $5,000 were allotted
not less than $5,000,
In addition to the amount allotted to the
public, $'50'inillion of the bonds were allotted to Government investment accounts.
Savings-type investors were given the privilege of
paying for the bonds allotted to them in installments up to April 23
1959 (not less than 25 percent by Januaiy 23, 1959, the issue date;
50 percent by February 24, 1959; 75 percent 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 case
less than $100,000. In addition, $100 million of the notes were
allotted to Government investment accounts.
Subscriptions from savings-type investors totaled $240 million and
were allotted 65 percent. Siobscriptions from commercial banks for
their own account totaled $941 million and were allotted 35 percent.
Subscriptions from all other investors totaled $322 million and were
allotted 20 percent. Subscriptions for $25,000 or less from savingstype investors and commercial banks, and for $10,000 or less from all
others, were allotted in full. Subscriptions for more than these
mininnimH vbtb allotted not less than the minimums.
In addition,
$50 million of the bonds were allotted to Government investment
accounts.
Full-paid s\ib script ions of $25,000 or less, totaling $941 million,
were allotted in f\ill. Subscriptions from savings-type investors
totaled $1,361 million and were allotted 45 percent. Subscriptions
from commercial banks for their own account totaled $6,390 million
and were allotted 8 percent, but not less than $1,000 on any one
subscription. Subscriptions from all other investors totaled $2,433
million and were allotted 5 percent, but not less than $1,000 on
a^y one subscription. In addition to the amounts allotted to the
public, $100 million of the notes were allotted to Government
investment accounts.
Holders of approximately $1,600 million of Series F and G savings
bonds issued in 1948, which mature in I960, were offered in exchange
the 4-3/4% notes, with certain adjustments as of December 15, 1959,
at a price of 99-3/4%Smaller denominations of savings bonds
could be exchanged for the next higher multiple of $1,000 of the
notes upon payment of any cash difference. Cash payraents amounted
to $3 million.
Issued as a rollover of maturing one-year bills.
Savings-type investors were given the privilege of paying for the
bonds in installments up to June 15, I960 (not less than 40 percent
by April 14, the delivery date; 70 percent by May 15; and full
payment by June 15). In addition to the amounts allotted to the
public, $100 million of the bonds were allotted to Government investment accounts.
SubscripSubscriptions for $100,000 or less were allotted in full.
tions for more than $100,000 were allotted 30 percent but in no case
less than $100,000. In addition to the amounts allotted to the
public, $27.4 million of the notes were allotted to Government
investment accounts.
Preliminary.
Treasury Bulletin
Uo
PUBLIC DEBT OPERATIOIB
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Traasury Bills ^
(In millions of dollfirB)
lOBUB
May i960
11
PUBLIC DEBT OPERATIONS
Table's.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills
1/ -
(Continued)
Treasury Bulletin
1+2
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills i/ - (Continued)
(In millions of dollars)
Issue
Allotments by investor classes
U,
S. Gov-
Amount issued
Date of
financing
ernment
investment
In
accounts
exchange and
for other Federal
securiReserve
ties
Banks
Description of security
For
cash
12/2/59
4.860* Bill
10A7/60
12/15/59
A-3/ii Note
iA^M-k
1/8/60
4.726$ Bill
6/22/60 8/ 2/
2,016
1/15/60
5.067? Bill
1/15/61
1,504
2/15/60
fi,-7/8i Cert.
^ 4-7/8? Note
2/15/61-A
11/15/64-C
4-1/4* Bond
2,007
2/
Commercial
banks
2/
Indi-
viduals
Insure
ance
conqja-
nies
2/
Mutijal
savings
banks
1,982
222
747p
3
12/
6,938
4,195
235
67
33
Corporations
4/
Private
pension
State and local
governments ^/
and re-
Pension
tirement and refunds
tirement
funds
8
1
35
28
42
Other
funds
Dealers All
and
other
brokers 6/
5
1
2
17
1
66
1,996
7
1
8
2
118
567
174
7
131
21
294
175
3,656
2,031
1,039
1,207
132
120
104
107
111
259
301
131
30
56
1,1a
180
43
26
4
35
397
43
2
5/15/75-85
470p
100
87
25
8
33
7
20
92
16
59
23
A/U/60
4*
Note
5/15/62-E
2,211p
27
1,616
76
13
33
76
10
7
18
168
167
i/15/60
4.608* Bill
4/15/61
136
1,069
18
1
2
165
1
17
402
190
i/5/60
2,001p 12/
Source: Based on subscription and allotment reports. For detail of offei^
ings see Table 4.
1/ Excludes the Issuance of 1-1/2* Treasury notes available in exchange
to holders of nonmarketable 2-3/4* Treasury bonds, Investiasnt Series
B-1975-80.
2/ Includes trust companies and stock savings banks.
2/ Includes partnerships and personal trust accounts.
4/ Exclusive of banks and insurance con^ianies.
Consists of trust, sinking, and ijivestmnt funds of State and local
governments and their agencies.
6/ Includes savings and loan associations, nonprofit institutions, and
investments of foreign balances and international accounts in this
^
2/
8/
2/
10/
11/
12/
<t
p
country. Also includes corporations and private pension and retirement funds prior to July 15, 1953, financing.
Included in "All other."
Tax anticipation security.
Reopening of earlier issue.
Issued as a rollover of bills maturing January 16, 1957, and
February 15, 1957, respectively.
Issued in special allotment to Government investrient accounts.
Issued as a rollover of one-year bills.
Less than $500,000.
Preliminary.
n.e.
Not available.
May I960
^3
PUBLIC DEBT OPERATIONS
Table 6.- DiepoBitlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
Trcasurij Bulletin
im-
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Date of
May 1960
^5
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Disposition offers
by Treasury
Called or maturing aecurity 1/
Amount
Issue
date
Description
outstanding
Cash
retirement
Exchange
security
offered
Reaultf of exchange offers
Exchanged
Turned
in for
cash 2/
7,493
1,980
1,121
257
Description of new
security offered
(See also Table A)
(In ralllionB of
3-3/8* Certificate - 2/U/58-A
2-1/2? Bond
- 3/16/56-58
2/15/57
6/2/41
10,851
10,851
1,U9
1,U9
343
592
.
164
350
2-1/2* Certificate
Bond
3*
3-1/2* Bond
2/U/59-A
2-1/2* Certificate
Bond
3*
3-1/2* Bond
2/U/59-A
2/15/64
2/15/90
2/15/64
2/15/90
-
4/1/58-EA
4/1/53
383
383
194
115
25
49
2-1/2* Certificate
Bond
3*
3-1/2* Bond
2/U/59-A
1-1/2? Note
3-1/4* Bill
-
4/15/58
8/21/57
1,751
1,751
677
372
96
607
,
2-1/2* Certificate Bond
3*
3-1/2* Bond
-
2/14/59-A
2/15/64
2/15/90
3-1/2? Certificate -
4/15/58-B
5/1/57
2,351
2,351
.
2-1/2* Certificate Bond
3*
3-1/2* Bond
2/14/59-A
2/15/64
2/15/90
1,064
796
357
135
•
7v.
2/15/64
2/15/90
(9,770 of 2-1/2* Certificate
Total
16,785
3.A85? Bill
3/24/58
7/3/57
3,002
2-7/8* Note
6/15/58-A
12/1/55
4,392
2-3/4$ Bond
6/15/58-63
2-3/8* Bond
6/15/58
6/15/38
7/1/52
Total
16,785
15,351
1,433
4,392
1,015
3,195
131
91
800
28
Bond
3,854 of 3*
1,727 of 3-1/2* Bond
3,002 2/
919
919
I
[
I
[
1-1/4* Certificate 2-5/8* Bond
5/15/59-B
/152/15/65
1-1/4* Certificate 2-5/8* Bond
5/15/59-B
2/15/65
1-1/4* Certificate 2-5/8* Bond
5/15/59-B
2/15/65
4,245
4,245
710
3,392
U3
f
9,555
9,555
9,204
351
[1,817 of 1-1/4* Certificate
7,388 of 2-5/8* Bond
I
2-5/8* Bond
2/15/65
6/15/58
2-5/8* Bond
2/15/65
104
387 14/
6/15/58
7,284
Certificate 8/1/58-C
- 9/15/56^59 15/
2-1/4* Bond
8/1/57
11,519
3,818
- 3/15/57-59 i5/
3/1/52
'4*
2-3/8* Bond
2/1/U
Total
1-1/2* Note
- 10/1/58-EO
'3-3/4* Certificate -
2-1/2* Bond
iV
7,388
11,519
3,818
10,634
2,206
885
1,612
927
927
660
267
16,264
16,264
13,500
2,764
6,433
100
121
12/1/58-D
12/1/57
9,833
9,833
12/15/58
2/15/53
2,368
2,368
1,277
778
312
12,201
12,201
11,789
412
[7,711 of 3-3/8* Certificate
[4,078 of 3-5/ffiS Note
[3-3/4* Certificate Note
[4*
2/15/60-A
2/15/62-D
3-3/4* Certificate Note
-
2/15/60-A
2/15/62-D
3,300
2-1/2* Certificate -
2/14/59-A
2/U/58
9,770
9,770
8,315
579
876
-
2/15/59-A
5/17/54
5,102
5,102
3,048
856
I" 199
14,872
14,872
12,798
2,075
Total
3-3/8* Certificate - ll/15/59-E
5/15/6I-B
[3-5/8* Note
f
1-1/2* Certificate -
3/24/59-D
8/6/58
3,567
3 ,567
119
[
U?
("11,363 of 3-3/4* Certificate
-
4/1/59-EA
4/1/54
119
5/15/59-B
6/15/58
1,817
3-1/4* Bill
-
5/15/59
10/8/58
2,735
2,735
2.999* Bill
-
6/22/59
11/20/58
2,997
2,997 2/
1-5/8* Certificate -
8/1/59-C
8/1/58
13,500
8/1/61-A
8/1/57
Note
Total
13,973
BlU
9/21/59
2/16/59
1,502
lO/l/59-EO
10/1/54
99
Footnotes at end of table.
Note
4* 0«rtif Icate
5/15/60-B
1,817
1,269
547
13,500
9,128
4,152
221
4-4/3* Note
[4-3/4* Note
8/15/60-C
5/15/64-A
473
433
8
[4-3/4* Note
[4-3/4* Note
8/15/60-C
5/15/64-A
13,973
13,745
473 16/
1-1/2* Note
3.293*
1,435 of 4*
2/
1-1/4* Certificate -
4*
3-3/8* Certificate - 11/15/59-E
- 5/I5/6I-B
1,3-5/8* Note
1
1-1/2* Note
8/1/59-C
10/1/53
Total.
1-7/8* Note
1-5/8* Certificate -
1.502 i/
99
(Continued on following page)
32
228
9,561
[4,184
of Note
of Note
8/15/60
5/15/64
Treasury Bulletin
U6
PUBLIC DEBT OPERATIOMS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Ciontlnued)
Date of
May I960
+7
.DNITH) STATES SAVINGS BONDS
Serlei G and H are the only eaTlng* bonds now being
Serle* E haa been on sale dnoe May 1, 1941, and
Series A-D
Serlei H baa been on tale alnoe June 1, 1932.
were aold from March 1, 1935, through April JO, 19'H.
old.
Serlea ? and Q were sold froB May 1,
19'4^1,
through April
30,
1932.
Series J and I vers sold from May
1,
1932,
through April 30, 1937. Dstails of the prlnolpal changes
in iaauee, Intereat ylelda, maturities, and other savings
bonds terms appear in the Treasury Bulletins of May 1931'>
May 1952, May 1937, and Ootobar 1939.
Table 1.- Sales and Redemptions by Series, Cumulative through March 31, 1960
(Dollar araoujita In millions)
Treasury Bulletin
US
.UNITED STATES SAVOTGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Accrued
Sales 1/
discoiint
Sales plus
accrued
discount
Series E and H combined
Fiscal years;
19il-1952
1953
195A 6/
1955 6/
1956
1957
1958
1959
65,266
i,06l
4,653
5,225
5,260
4,613
i,670
4,506
5,815
1,120
1,126
1,123
1,114
1,133
1,161
1,174
67,095
4,368
4,889
5,368
5,043
4,507
4,689
4,320
6,372
1,128
1,126
Calendar years
19a-1952
1953
195i
1955
1956
1957
1958
1959
,
,
1,113
1,124
1,U3
1,178
1,169
Months
1959-July
August...
September
350
309
300
October.
November.
December.
358
332
377
1960-January..
February.
March.
421
438
393
.
.
90
83
89
119
la
93
93
71,080
Ajnoxint
Redemptions 1/ 2/
Sales
price A/ i/
Accrued
discount
outstanding
Interest-bearing
^
debt
Matured debt
;:
.. ...
:
May I960
1^9
,
UNITEI) STATES SAVINGS BONDS,
•Table 3.- Sales and Redemptions by Periods, Series E through K
(Continued)
-
(In inillions of dollars)
Sales 1/
Accrued
discount
Redemptions 1/ 2/
Sales plus
accrued
discount
Sales
price Jj
^
Accrued
discount
^
Exchanges of
E bonds for
H bonds
Amount
outstanding
(interestbearing debt)
Fiscal years
19il-1952
1953
1954
1955
1956
1957
1958
1959
65,236
3,700
3,988
4,095
4,219
3,919
3,889
3,688
5,815
1,120
1,126
1,123
1,114
1,133
1,161
1,174
71,050
66,913
3,906
4,023
4,192
6,372
1,128
1,126
1,113
1,124
34,875
35,664
36,458
37,186
37,898
37,969
38,067
38,040
36,175
4,032
4,319
4,490
4,622
4,981
4,951
4,839
34,752
3,532
3,765
3,854
3,964
4,265
4,236
4,118
1,423
500
554
636
73,285
5,034
38, U3
5,304
5,266
5,018
4,979
4,767
4,406
4,572
4,689
5,220
4,658
5,225
36,486
3,609
3,871
3,870
1,657
5,U9
416
355
354
479
428
437
391
360
351
382
372
424
466
390
363
284
422
332
468
433
418
532
431
410
49
89
41
343
334
75
32
4,8a
5,114
5,
as
5,333
5,052
5,049
4,862
658
716
715
771
Calendar years:
19il-195-2
1953
1954
1955
1956
1957
1958
1959
I
4,U2
3,875
3,802
3,598
1,U3
1,178
1,169
4,U1
4,oa
4,449
4,017
4,271
35,143
36,036
36,778
37,510
38,087
37,885
38,206
37,748
531
535
702
668
772
641
955
Months
1959-July
August . .
September.
.
October, .
November.
December.
297
269
264
299
83
233
89
119
305
1960-January. .
February.
347
340
325
March
la
93
93
482
37,977
37,904
37,8a
76
79
91
37,737
37,746
37,748
73
Fiscal years:
1952
1953
1954
1955
1956
30
360
665
1,130
1957
1958
1959
694
782
818
30
360
665
1,130
1,041
694
782
818
182
462
866
1,177
182
462
866
1,177
1,0U
,
-
6
26
55
6
26
55
108
196
236
108
196
a7
a7
236
Calendar years:
1952
,
1953
,
1954
1955
1956
1957
1958
1959
16
16
38
79
38
79
143
248
901
U3
887
722
631
887
722
248
198
294
1959-July
August
September
54
40
36
54
40
36
28
26
28
26
32
32
October..
November.
December.
59
59
49
49
29
27
72
72
32
29
27
32
73
73
93
68
98
31
26
27
901
631
198
294
Months
1960-January.
February.
March.
.
.
68
31
26
27
37,644
37,573
37,549
Treasury Bulletin
50
.UNITED STATES SAVINGS BONDS.
Table 4,- Redemptions of Matured and Unmatured Savings Bonds
5/
(In mllliona of dollars)
Unmatured
Period
Unclassified
Total 1/
2/
Series E and H
Total
Fiscal years:
779
90
633 10/
1,260 12/
2,115
2,345
2,144
1,824
1,625
5,300
4,316
3,859
3,589
3,394
3,467
4,657
4,739
3,778
4,258
3,304
2,955
2,715
2,775
518
47
990 10/
1,672
4,9U
2,072
1,702
2,268
4,025
3,799
3,057
3,666
3,899
5,207
3,841
4,520
224
172
218
124
99
100
189
196
225
125
233
817
792
1,761
2,747
3,941
4,263
4,115
3,730
3,621
38
702
1,128
772
1,015
2,318
3,171
4,230
4,246
4,156
3,393
4,701
254
968
1,328
1,500
2,047
1,891
2,084
1,691
2,433
647
668
348
272
318
October. .
November.
December.
742
588
1,404
279
295
,025
1960-January. .
February.
923
273
627
584
347
260
1951
1952
1953
1954
1955
1956
6,137
5,109
5,6a
6,515
7,251
7,8i6
8,958
1957
1958
1959
8,5U
7,249
1,487
1,826
1,917
1,971
1,906
1,996
2,785
3,132
3,195
3,235
1,042
1,012
904
874
619
682
1,526
19
1
179
-84
116
185
1,5U
75
543
-150
3,817
3,096
2,882
2,464
2,976
2,920
3,322
3,091
3,445
1,097
-35
34
31
757
-595
120
266
22
397
412
404
330
258
296
68
154
109
30
-37
-54
90
99
800 8/
a5
300
115
425
418
283
U3
296
122
48
-132
-39
148 8/
114 1/
68
377
437
357
Calendar years:
1951
1952
1953
195i
1955
1956
5,651
5,074
6,U9
6,985
7,301
8,264
9,630
7,255
8,772
1957
1958
1959
Months
1959-July
August.
775
.
.
September.
March
192
Source: Daily Treasury statement; Debt Analysis Staff in the Office of
the Secretary.
Note: In these tables Series A-F and J sales are Included at issue price
and redemptions and amounts outstanding at current redemption values.
Series G, H, K are included at face value throughout. Matured
bonds which have been redeemed are included in redemptions. Matured
F and G bonds outstanding are included in the interest-bearing debt
until all bonds of the annual series have matured, when they are
transferred to matured debt upon which interest baa ceased.
1/ Sales and redemption figures include exchanges of minor amounts of
(l) matured series E bonds for aeries G and K bonds from May 1951
through April 1957 and (2) series F and J bonds for series H bonds
beginning January 1960; however, they exclude exchanges of series E
bonds for series H bonds, which are reported in Table 3.
2/ Details by series on a cumulative basis and by periods for Series A-D
combined will be found in the February 1952 and previous issues of the
"Treasury Bulletin."
Includes both matured and unmatured bonds; see Table 4.
4/ Includes total value of redemptions not yet classified between sales
price and accrued di"-ount.
A change in procedure, beginning in June 1954, for processing redeemed
savings bonds has resulted In a high level of redemptions not yet
classified by yearly aeries of issue. This increase temporarily
2,183
2,355
6/
2/
8/
2/
10/
929
917
593
689
979
1,886
750
1,075
-U9
233
IW
274
248
189
94
-157
-34
263
obscures the relationship between the redemption columns showing
sales price and accrued discount In Tables 2 and 3 and also the
relationship between the matured and unmatured sections of Table l>.
(See also footnote 4).
The subsequent distribution of this high
level of unclassified redemptions may be large enough in any month
to show redemptions of matured and unmatured bonds in Table A which
are greater than the total redemptions for that month.
Reductions were made in issues and redemptions of Series E, H, F, G,
J, and K in July 195i* to compensate for the erroneous inclusion of
reissue transactions in June 1954 as reported in the daily Treasury
statement. The amounts InTolved were as follows: $18 million for
Issues of Series E and H and $17 million for Issues of Series F, G,
J, and K; and $35 million for unclassified retirements.
Series F and G sales were discontinued April 30, 1952, and Series
J and K sales were discontinued April 30, 1957.
Sales figures after
April 30, 1957, represent adjustments.
Includes the December 1959 exchanges of series 1948 F and G bonds
for 4-3/4% marketable notes of which $692 million were reported in
December 1959, $51 million In January I960, and $3 million in
February 1960.
Represents changes in the amounts of redemptions not yet classified
as between matured and unmatured issues.
Includes exchanges of Series 1941 F and G savings bonds for Treasuiy
•
3-1/4$ bonds of 1978-83.
Less than $500,000.
..,
May
mo
51
.UNITED STATES SAVINGS BONDS.
-Table 5.- Sales and Redemptions by Denominations, Series E and H^Comblned
(In thouaanda of plecea)
Total all
denominations
Period
Fiscal years
lO 2/
$25
$50
»100
»200i/
:
l^l-i,"
1,445,363
80,485
1953
21,076
85,a9
1)54 6/
1955 6/
1956
1M7
1958
1959
988,828
54,380
56,903
221,336
163 ,453
U,372
8,ai
8,810
9,315
10,090
9,969
9,824
9,477
85,342
90,053
90,160
89,431
85,882
55 ,164
56,719
56,327
54,908
52,895
15,686
16,374
18,784
20,256
21,043
20,108
1,483,394
84,390
84,972
87,316
90,786
90,856
86,676
84,945
1,014,663
56,743
55,850
55,618
56,635
56,361
53,200
52,452
228,135
15,235
15,912
17,323
19,825
a, 166
20,152
20,050
167,312
8,606
9,006
9,748
10,177
9,846
9,690
9,241
7,100
6,450
6,648
4,411
3,998
4,157
1,670
1,529
1,586
698
704
7,148
6,570
7,283
4,375
4,014
4,4i5
1,731
1,560
1,764
779
742
791
7,540
7,495
7,876
4,685
4,602
4,876
1,688
1,871
820
813
841
1,415,687
363 ,079
236,101
6,265
Calendar years:
1941-52
1953
1954
1955
1956
1957
1958
1959
Months:
1959-July
August
,
September.
.
.
.
October. .
November.
December.
.
.
.
1%0-Jaiiuary p..
February p,
March p. . .,
Inception to date p.
2,116,245
21,076
1,7a
763
12,857
500
tl.OOO
$5,000
$10,000 4/
i/
Treasury Bulletin
52
.OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(in millions of dollars)
Interest-bearing securities issued
by the U. S. Governraent
End of
fiscal
year or
month
1952
Total
Federal
securities outstanding
1/
Held by U, S. Government
investment accounts 2/
Total
outstanding
Special
issues
Public
issues
1953
1954
1955
1956
259,151
266,123
271,341
274,418
272,825
256,863
363 ,946
268,910
271,741
269,883
44,335
47,560
49,340
50,536
1957
1958
1959
270,634
276,444
284,817
268,486
274,698
281,833
1958-Dec
283 ,031
1959-July
August . . .
September.
288,792
290,506
288,412
October. .
November,
December.
1960-January, .
February.
March
290,719
286,965
Held by private
investors 2/
Held by
Federal
Reserve
Banks public
issues
Public
marketable
issues
U. S.
Public
nonmarketable
issues
1U,983
106
101
110
50
54
63
46
47
2,042
1,646
2,873
200,154
142,620
57,534
108
59
49
2,084
205,259
206,325
204,739
U9,3a
55,939
55,653
55,284
109
110
115
63
63
63
45
2,8U
47
52
2,798
2,810
152,638
154,226
54,711
54,484
53,225
118
124
127
64
68
70
54
56
56
2,776
2,847
3,095
156,701
156,599
152,477
52,795
52,624
52,443
130
135
138
71
71
59
63
71
66
3,000
2,996
3,055
193 ,418
127,179
134,593
OU
201,235
9,498
44,840
26,347
9,976
9,862
9,784
44,061
44,723
26,543
26,690
26,563
53,491
53,698
53,604
9,895
10,117
10,098
43,596
26,631
26,922
26,648
208,356
207,122
207,451
153 ,645
43,506
53,125
53,157
53,588
10,496
10,322
10,330
42,630
42,835
43,257
25,464
25,209
25,264
209,497
209,223
204,920
280,839
54,338
285,840
287,599
285 ,486
54,037
54,584
54,184
291,372
290,713
290,925
288,478
287,742
287,704
291, a5
288,086
287,588
U,400
43 ,582
Source: Daily Treasury statement for total amounts outstanding; reports
from agencies and trust funds for securities held by U. S. Government
Investment accounts; and reports from Federal Reserve System for
securities held by Federal Reserve Banks.
1/ Includes certain obligations not subject to statutory limitation.
For amounts subject to limitation, see page 1.
i/ Includes accounts under the control of certain U. S, Government
agencies whose investments are handled outside the Treasury.
^
62,770
58,825
56,252
189,949
26,
2/6/
25
23,035
25,438
8,674
9,596
9,799
and
Federal
Reserve
Banks 2/
debt
bearing
no
interest
80
41
48
46,827
46,246
44,756
55,501
55,842
54,554
Held by
private
investors
44
74,437
72,511
72,762
69,723
66,351
45,1U
and
Government
investment
accounts
51
80
43
73
115,185
119,129
121,771
127,875
126,304
53 ,470
Total
outstanding
U
189,623
191 ,640
194,533
197,598
192,655
37,739
40,538
42,229
43,250
Matured
debt
Held by
22,906
24,746
25,037
23,607
23,758
6,596
7,021
7,111
7,286
8,356
283 ,772
Interest-bearing securities guaranteed by the U. S. Government ij
150,672
149,455
51
3
56
2,244
2,126
2,351
2,634
2,869
The total amount of interest-bearing securities held by private investors
is calculated by deducting from the total ajnount outstanding the amount
held by U. S. Government investment accounts and Federal Reserve Banks.
Excludes guaranteed securities held by the Treasury.
All public marketable issues.
All public marketable issues except for 1952, which includes $1 million
of Commodity Credit Corporation demand obligations,
less than $500,000.
2/
6/
Table 2.- Net Market PurchaBes or Sales of Federal Securities for
Investment Accounts Handled by the Treasury 1/
(In millions of dollars; negative figures are net sales)
Feb.
Mar.
Apr.
1940..
1941..
1942.,
-9.5
-2.8
-.5
-20.9
12.0
30.0
-5.7
-1.6
-.7
5.8
.3
1943..
1944..
1945.,
-U.5
-90.3
-105.1
-48.1
-72.9
-11.5
-5.9
-16.5
-55.6
1946..
1947..
-8.1
-9.9
-67.5
.1
1948.
-.2
177.4
1949.
1950.
1951.
8.8
-6.6
36.8
-1.8
13.5
261.2
1952.
1953.
1954.
22.1
24.6
7.0
6.7
8.8
-4.0
1955.
1956.
1957.
23.0
-1.3
77.2
-9.8
72.6
-4.7
106.8
.4
3.3
-61.3
-12.1
May
.4
-.2
July
June
Sept.
Aug.
.9
.4
-1.1
-.2
1.0
60.0
-35.2
-10.0
-34.4
-U5.8
-56.4
-67.8
-18.5
-17.0
-15.8
-19.0
-.2
-2.7
-28.1
-12.5
.4
-69.8
-359.2
1.1
-157.8
-609.1
5.4
-41.2
-308.1
4.4
-74.1
-123.1
7.2
-123.0
-88.4
-.1
8.2
4.6
5.0
2.8
1.9
3.5
38.4
-10.0
16.5
17.0
21.1
11.7
-1.1
8.2
U.2
41.0
11.8
8.4
-30.7
56.2
26.6
7.9
83.9
-67.3
234.8
21.3
33.3
55.1
71.6
43.7
113.1
-338.6
-30.4
20.5
482.7
8.4
.2
3.8
-2.0
4.7
.5
12.9
-22.4
19.9
36.2
-2.9
2.9
35.9
2.8
1.5
20.1
-45.5
1.4
7.9
-21.7
-17.2
18.9
10.7
13.4
29.9
46.7
35.4
56.2
5.7
313.4
22.5
398.8
15.8
74.8
49.2
182.4
1.5
1.1
-4.4
-2.3
-54.7
-1.9
11.4
5.1
6.3
-.3
-4.5
.3
5.1
3.5
.4
-5.0
-5.9
4.8
-12.0
.1
-57.6
221.0
-.8
-20.3
696.4
-.2
-1.7
5.8
8.4
11.5
10.7
-3.6
-.1
7.0
29.0
-U.l
.6
I
1958.
1959.
1960.
1/
U.3
-123.4
U.l
-155.9
23.0
10.6
62.2
17.5
16.5
43.1
-2.1
U.O
Consists of purchases or sales made by the Treasury of securities
issued or guaranteed by the U. S. Government for (l) trust funds which
by law are under the control of the Secretary of the Treasuiy or of the
Treasurer of the United States, and (2) accounts under the control of
certain 0, S, Goveminent agencies whose investments are handled through
the facilities of the Treasury Department.
It will be noted that these
-86.3
53.1
177.2
9.9
U5.5
32.2
20.3
9.4
26.4
19.1
18.3
10.3
10.6
17.3
28.3
U.l
I
I
1
transactions differ from those reflected In Table 1 because they
exclude those Government investment accounts for which Investments
are not handled by the Treasury. Table 2 also includes purchases
under Section 19 of the Second Liberty Bond Act, as amsndad (31 U.S.C.
754a), and excludes the Exchange Stabilization Fund.
Ibss than $50,000.
{\
May I960
53
.
OWOTRSHIP OF FH)ERAL SBCDRITIE5
.
Table 3.- Estimated Ownership of Federal £>ecurltles
(Par values 1/ in billions of dollars)
Total
Federal
End of
U.
CooiBer-
seciirities
out St and-
month
Held by private nonbank Investors
Held hy backs
clal
banks
ing 2/
Federal
Reserve
Banks
S.
Government
inve stment
accounts
^
Individuals
Total
^
Insurance Mutual
companies savings
banks
Savings
bonds
2/
Corporations 6/
State and Miscellaneous
local
investors
govemments j/ k/i/
193 9- December. ..
i7.6
18.4
15.9
2.5
6.5
22.7
8.2
6.3
3.1
1940-June
December.
18.6
19.5
16.1
17.3
2.5
7.1
7.6
22.8
23.9
10.1
10.6
2.6
7.5
2.8
7.8
6.5
6.9
3.1
3.2
2.1
2.0
.4
. .
48.5
50.9
.5
.7
.7
19.7
2.2
23.7
21.4
2.3
8.5
9.5
25.0
31.0
11.2
13.6
3.6
5.4
7.6
8.2
7.1
.
55.3
64.3
a.
December.
8.2
3.4
3.7
2.0
4.0
.6
.7
.7
.9
1942- June
December.
77.0
112.5
28.7
47.3
26.0
2.6
17.8
23.7
13.4
8.7
10.3
9.2
11.3
3.9
4.5
4.9
10.1
1.1
6.2
37.7
53.0
.9
U.l
10.6
12.2
9.1
.
1.0
2.3
59.4
71.5
52.2
59.9
7.2
11.5
U.3
67.0
81.7
30.9
37.6
19 2
11.7
12.9
13.1
15.1
5.3
1.5
6.1
12.9
16.4
83.3
96.5
68.4
77.7
U.9
19.1
17.1
7.3
8.3
3.2
53.3
17.3
19.6
20.2
a.
31 2
36 2
U.9
18.8
100.2
114.0
46.1
..
140.8
170.1
202.6
232.1
a.
4.3
3.4
4.4
6.1
7.0
106.0
115.0
84.2
90.8
21.8
..
259.1
278.7
24.9
27.0
128.2
136.6
59.1
64.1
40 7
42 9
18.5
21.2
22.7
24.0
9.6
10.7
23.3
22.2
6.5
116.7
108.2
97.9
91.9
28.0
29.1
64.1
63.3
64.2
20.8
19.9
30.9
32.8
34.4
135.1
132.6
130.7
43.3
43.5
23.3
66.6
65.7
19.9
17.8
15.3
13.7
6.7
6.5
6.3
7.1
19.4
24.4
24.9
24.9
24.6
Z3.9
11.1
11.5
11.8
133.7
131.3
44.2
45.5
46.2
20.1
91.3
93.8
84.4
74.5
70.0
68.7
22.9
23.8
19A7-June
December..
279.8
269.9
259.5
258.4
257.0
U.l
7.3
9.6
8.4
19A8-June
December.
252.4
252.9
85.9
85.8
64.6
62.5
21.4
23.3
35.8
65.8
65.5
47.1
47.8
18.6
17.6
a. 2
12.0
11.5
13.6
37.3
130.7
129.7
22.8
.
7.8
7.9
8.7
8.9
19A9-June
December.
252.8
257.2
82.4
85.7
63.0
66.8
19.3
132.2
132.1
66.6
66.3
17.8
17.0
20.5
20.1
11.6
11.4
15.8
16.8
8.0
18.9
38.3
39.4
48.8
..
8.1
9.6
9.4
1950-June
December...
257.4
256.7
83.9
82.6
65.6
61.8
18.3
20.8
37.8
39.2
135.6
134.9
67.4
66.3
17.6
16.7
19.8
18.7
11.6
10.9
18.4
19.7
8.7
8.8
9.7
10.5
1951-June
December..
255.3
259.5
81.4
85.4
58.4
61.6
23.0
23.8
41.0
42.3
132.9
131.8
65.4
64.6
49.9
49.6
49.1
49.1
16.3
15.5
17.1
16.5
10.2
9.8
20.1
20.7
195a-June
December.
259.2
267.4
84.0
88.1
61.1
63.4
22.9
24.7
U.3
.
45.9
130.8
133.4
64.8
65.2
49.0
49.2
15.7
16.0
15.7
16.0
9.6
9.5
18.8
19.9
10.4
11.1
11.6
11.7
1953-June
December.
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
64.8
49.3
49.4
16.8
15.4
16.0
15.9
9.5
9.2
18.6
.
12.0
12.7
12.8
13.2
195A-June
December.
271.3
278.8
88.7
94.1
63.6
69.2
25.0
24.9
49.3
49.6
133.3
135.1
64.7
63.4
49.5
50.0
15.1
13.5
15.4
9.1
16.6
19.2
13.9
.
13.7
13.9
87.1
86.8
63.5
62.0
23 .6
50.5
51.7
136.7
65.0
65.0
66.6
65.7
50.2
50.2
50.3
50.1
14.8
14.8
8.7
8.5
23.5
15.1
15.6
16.3
15.6
15.0
14.6
13.6
13.2
18.8
.
274.4
280.8
U.4
U.7
8.4
8.0
17.7
19.1
15.7
16.1
16.3
16.1
1%1-June
1943-June
December.
.
1944-June
December.
19i5- June
December.
19i6-February 3/
June
December.
.
1955-June
December.
1956-June
December.
2.2
24.3
21.9
22.6
24.8
16.9
U2.3
24 7
49.3
a.l
12.1
12.0
15.3
.4
U.8
a.
2.1
5.3
8.3
9.1
8.9
8.6
8.1
10.7
10.6
U.4
.
272.8
276.7
81.0
84.4
57.3
59.5
23.8
24.9
53.5
54.0
138.3
138.2
1957-June
December.
270.6
275.0
79.2
83.7
56.2
59.5
23.0
24.2
55.6
55.2
135.9
136.1
65.6r
63. 7r
49.1
48.2
16. 5r
15. 5r
12.7
12.5
7.9
7.6
16. 8r
..
18.6r
16.9
17.0
16.0
16.5
1958-June
December.
276.4
283.0
90.7
93.9
65.3
67.5
25.4
26.3
55.9
54.4
129.9
134.8
62. 8r
62. Ir
48.0
47.7
U.7r
U.4r
12.2
12.7
7.4
.
15.3r
19. 6r
16.9
16.7
15.2
16.5
285.9
285.2
282.2
285.5
286.4
284.8
288.8
290.5
288.4
291.4
290.7
290.9
94.0
91.7
88.7
90.4
89.2
87.4
88.4
87.5
86.5
87.1
85.9
86.4
68.2
53.5
53.6
53.7
53.1
54.2
54.6
54.1
54.6
54.2
53.6
53.8
53.7
138.4
139.9
139.7
63. Ir
63. 9r
64. 7r
65. Or
65. 2r
65. 3r
65. 7r
47.7
47.6
47.5
15. 4r
7.3
a.3r
a.6r
a. Or
6.9
6.9
24. 4r
22. 9r
24. Ir
24. 2r
23. 5r
17.0
16.9
16.8
16.9
16.8
16.7
17.0
17.2
17.3
17.4
17.4
16.7
61.8
60.8
60.0
60.4
59.0
59.8
25.7
25.3
25.5
25.7
25.9
26.0
26.5
26.7
26.6
26.6
26.9
26.6
291.2
290.7
S4.0
81.8
58.6
56.6
25.5
25.2
53.2
53.2
154.0
155.7
6.9
6.9
25.5
26.6
1959^January
February...
March
April
May
June
July
August
September.
October...
November. ..
December. ..
*1960- January.
.
.
February p.
66.3
63.2
64.7
63.2
61.3
Source: Debt Analysis Staff in the Office of the Secretaiy.
United States savings bonds, Series A-F and J, are included at
current redemption value.
2/ Securities issued or guaranteed by the U. S. Govemment, excluding
guaranteed securities held by the Troasiixy. For amounts subject to
statutory debt limitation, see page 1.
2/ Consists of conmercial banks, trust companies, and stock savings
banks in the United States and in Territories and island posseesions. Figures exclude securities held in trust departuiBnts.
4/ Holdings by Federal land banks are included under "Miscellaneous
investors" instead of "U. S. Government investment accounts" after
June 26, 1947, when the proprietary interest of the United 9tata8
in these banks ended.
Includes partnerships and personal trust accounts. Nonprofit
U2.0
143.1
U2.8
U6.3
U8.4
147.6
150.7
151.0
150.8
66.1r
66. 7r
67. 9r
68. Ir
68. 8r
69.5
69.6
1/
^
2/
8/
45.9
22. 9r
13.0
12.8
12.6
12.6
12.6
12.5
12.6
12.7
12.6
12.6
12.5
12.3
45.8
45.8
23.7
23.9
12.5
12.4
47.3
47.2
47.0
46.9
46.7
46.5
46.3
46.2
I6.3r
17. 2r
17. 7r
18.0r
18.3r
18. 8r
19. 4t
20. 2r
a.6r
a.9r
7.3
7.4
7.4
7.4
7.4
7.3
7.3
7.3
7.3
7.0
22. 4r
22. 9r
a.5r
3.4r
17.3
17.2
17.8
18.2
19.4
20.4
20.6
17.5
a.o
a.
a.
a.
17.6
17.7
22.0
22.4
inatitutions and corporate pension trust funds are incliided under
"TAscellaneous inveBtors."
Exclusive of banks and insurance companies.
Conaists of trust, olnklng, and investment funds of State and local
govemmants and their agencies, and Territories and island possessions.
Includes savings and loan associations, nonprofit institutions, corporate
pension trust funds, dealers and brokers, and investments of foreign
balances and international accounts in this country. Beginning
December 19A6, includes investments by the International Bank for Reconstruction and Development and the International Monetary Fund in
special nonlnterest-bearing notes ieaxied hj the D. S. Crovenment.
Immediate postwar debt peak.
Preliminary,
Revised.
Treasury Bulletin
5"^
.TREASDRI SUIWET OF OWNERSHIP, lEBRUARI 29, I960
The Treaaury Survey of Ownership covers securities
Issued by the United States Government and by Federal
agencies. The banks and Insurance compsnleB Included In
the Survey account for approximately 95 percent of such
securities held by all banks and Insurance companies In
the United States.
31,
igltl,
Data were first published for March
In the May igl+l "Treasury Bulletin".
Section
I
,
Distribution of ownership by types of banks and Insurance companies Is published each month. Holdings by comrrierclal banks distributed accordliig to Federal Reserve member-
bank classes and nonmeraber banks are published for June JO
and December Jl,
Holdings by corporate pension trust funds
are published quarterly and first appeared In the March
igSU Bulletin for quarters beginning December
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
3I,
191*9.
May i960
55
.TREASDKT SUBTEY OF OWNERSHIP, reBRlttHr 29, 1960,
Section I - Securities Isaued or Uuaranteed by the United States Governnent
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par Taluea - 1q milllone of dollars)
Treasury Bulletin
56
.TREAStJKT
SmWEY OF OWNERSHIP, FEBRUABI
29, I960
.
Section I - Securltes Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Par values - In Billions of dollars)
V
May I960
57
.TIREASDKI SURTEI OF OWNERSHIP, FEBRtmHT 29, I960
Section II
-
,
Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
(Par values - in millions of dollars)
Treasury Bulletin
5«
.MARKET QUOTATIONS ON TREASURY SECURITIES, MARCH 31, I960.
Current market quotatlone shown here are over-the-
public marketable securities Issued by the United States
counter cloelng bid quotations In the New York market
for the last trading day of the month, as reported to
Government except Panama Canal bonds. Outstanding
issues which are guaranteed by the United States
the Treasury by the Federal Reserve Bank of New York.
The securities listed Include all regularly quoted
Government are excluded because they are not regularly
Table
Amount outstanding (millions)
13 -week
26- week
Treasury Bills (Taxable*
Bank discount
Maturity
date
13 -week
26-week
Regular weekly bills - 13 and 26 weeks
1,200
K-
quoted in the market.
Change from
last month
Amount
outstanding
(millions)
Bank discount
Issue
date
Maturity
date
Regular weekly bills - 26 weeks
Change from
last month
May I960
59
.MARKET QUOTATIONS ON TREASUKT SECURITIES, MARCH 31, I960.
Table 4.- Taxable Treasury Bonds
(Price decimals are 32nds)
Treasury Bulletin
60
.MARKET QUOTATIONS ON TREASnRT SECURITIES, MARCH 31,
o
UJ
o
1%0
May I960
61
,AVKR/IGE YIELD6 OF LOHG-TESM BONIS.
Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Percent p«r annum)
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
Annual series - calendar year averagea of monthly series
2.46
2.47
2.48
2.37
2.19
2.25
1942
1943
19U
1945
1946
1947
2.83
2.73
2.72
2.62
2.53
2j61
1948.
1949.
1950.
1951.
1952.
1953.
2.44
2.31
2.32
2.57
2.68
2.94
2.82
2.66
2.62
2.86
2.96
3.20
1954
1955
1956
1957
1958
1959
2.55
2.84
3.08
3.47
3.43
4,08
2.90
3.06
3.36
3.89
3.79
A.38
3.12
Monthly aeries - averages of daily series
1953-Aprll....
2.97 2/
3.11
3.13
3.23
3.34
3.10
3.10
May
3.U
3.40
1955-October..
November
December.
2.87
2.89
June
2.91
3.15
June
3.20 2/
3.60
3.57
3.57
July
August. .
September
3.02
3.02
2.98
3.28
3.24
3.29
1956-January.
February.
March. . .
2.88
2.85
3.11
3.08
3.10
July
August. .
September
3.36
3.60
3.75
3.67
3.85
4.09
October.
November.
December.
2.83
2.86
3.16
3.11
2.93
3.24
3.28
3.27
October...
November.
December.
3.%
3.13
April.
May...
June.
3.07
2.97
2.79 2/
4.11
4.09
4.06
2.69
2.62
2.53
3.06
2.95
2.86
July
August.. .
September.
3.00
3.17
3.21
3.28
3.43
3.56
2.48
2.54
2.55 2/
2.85
2.88
2.90
October
November.
December.
3.20
3.30
3.40
3.59
2.89
2.87
2.89
1957-JanuaTy.
February..
September
2.47
2.48
2.52
3.34
3.22
3.26
October.
November.
December.
2.54
2.57
2.59 2/
2.87
2.89
2.90
April.
May. .
2.68 2/
2.78
2.78 2/
2.93
2.99
3.02
July
August* . .
September.
June
2.82
2.81
2.82
3.01
3.04
3.05
October. .
November.
December..
July
August..
September
2.91
2.95
2.92
3.06
3.11
3.13
May
1954-Janxiary.
February.
March. . .
April
May
June .....
July
Au^;u8t..
1955'-January.
February.
March. ...
April
May
.
March
June.
1958-January. .
February.
March
2.93 2/
.75
June......
.77
.67
July
August
.66
September.
3.60
3.99
4.10
4.12
3.302/
4.10
4.03
3.81
3.24 2/
3-28
3-25
3.60
3.59
3.63
3.73
3.57 2/
March
April
fy
3.67
3.74
3.91
3.662/2/
1959-January.
February.
.69
3.32
3.40
3.58 2/
3.63
1958-April
October. .
November.
December.
196CV-January,
.
February.
March. . . ..
3.70
3.80
4.12
3.91 2/
3.92
3.92
4.01
4.08
4.09
4.46
4.11
4.10
4.26
4.47
4.43
4.52
4.112/
4.53
4.12
4.27
4.55
4.58
4.37
4.22
4.08
4.61
4.56
4.49
4.U
4.13
4.23
4.37
Treasury Bulletin
62
.
AVHIAGE YIELDS OF LONfl-THlM BONDS.
o
g
o
5
*
-
—
€
i>
:.^
May i960
63
.MTHINAL RIVENDE COLLBCTIOHS.
Table 1.-
Suininary
by Principal Sources
(Id thousands of dollars)
year
or month
1952
Budget
Adjustment of
receipts from collections
internal
to budget
receipts l/
+625,308
+484,439
+364,672
Individual incooe tax and employment taxes
Total collections reported
by Internal
Revenue Service
Corporation
65,009,586
69,686,535
69,934,980
66,288,692 A/
75,112,649 5/
21,466,910
21,594,515
21,546,322
18,264,720
21,298,522
33,738,370
37,254,619
income and
profits
taxes
Railroad
retirement
Unemployment
insurance
620,622
628,969
22,077,113
21,253,625 A/
24,015,676 5/
3,584,025
3,816,252
4,218,520
5,339,573 4/
6,336,805
634,33
259,616
273,182
283,882
279,986
324,656
26,727,543
27,040,911
29,001,375
6,634,467
7,733,223
8,004,355
616,020
575,282
525,369
330,034
335,880
324,020
701
743
Individual
income tax not
withheld 2/
Individual
income tax
withheld 2/
17,929,047
37,869,770
42,633,436
11,345,060
11,403,942
10,736,578
10,396,480
11 ,3a, 966
Old-age and
disabiUty
Insurance
^
1954
1955
1956
65,634,894
70,170,974
70,299,652
66,288,692
75,109,083
1957
1958
1959
80,171,971
79,978,476
79,797,973
80,171,971
79,978,476
79,797,973
21,530,653
20,533,316
18,091,509
46,610,293
47,212,944
49,588,488
12,302,229
11,527,648
11,733,369
3,605,629
7,159,670
9,229,078
568,211
368,049
3,311,154
1,934,472
5,667,250
4,804,280
363,807
123,154
1,836,774
1,549,816
20,U8
5,457,9a
Sept
3,605,629
7,159,670
9,229,078
2,915,081
85,432
51,849
Oct.
Not.
Dec.
3,319,057
6,852,251
7,585,525
3
,319,057
6,852,251
7,585,525
491,069
404,741
3,179,510
1,745,608
5,408,614
3,260,691
259,817
98,596
362,104
1,467,005
5,226,987
2,846,908
16,448
82,366
51,111
2,337
664
567
1960-Jan.
Feb.
4,807,819
8,902,263
4,807,819
8,902,263
564,U8
2,U7,554
1,154,U0
6,077,9U
16,153
84,457
26,461
283,183
1953
1959-July
Aug.
Fiscal
year
-3,566
y
482,804
37,921,3U
W
,3 08
7,329,449
3,3
883,894
a,132,275
605,2a
600,106
V
575
Treasury Bulletin
Gh
.INTERNAL REVENUE COLLECTIONS.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
Beg fining
wtth fhB fiscal year /955, includes undisMbufad depositary receipts
receipts for exclsa taxes is included under 'Other excise taxes*
Office ot NIC Secretary ot the Treasury
and unapplied collections. The whole amount ofsuch
May I960
65
.MDHETAEY STATISTICS.
Table 1.- Money In Circulation
(In milllonB of
doHara except per capita figures)
Paper money
End of fiscal
year or month
Total
money in
circulation 1/
Total
paper
money
Gold
certificates
Treasury
notes of
1890
Silver
certificates
Federal
Ba serve
Bank
notes 2/
United
States
notes
Federal
Reserve
notes
318
318
320
319
318
24,605
25 ,609
25,385
25,618
26,055
221
200
180
77
163
67
U7
64
133
62
120
110
59
57
2/
National
bank
notes 2/
1952
1953
1954
1955
1956
29,026
30,125
29,922
30,229
30,715
27,348
28,359
28,127
28,372
28,767
38
37
33
2,U8
1957
1958
1959
31,082
31,172
33
2,162
2,200
2,155
3a
31, 9U
29,040
29,071
29,699
317
316
26,329
26,342
27,029
1958-December.
32,193
30,012
2,177
311
27,318
115
58
1959-July
August. . ..
September.
31,898
31,973
31,848
29,674
29,732
29,589
31
31
31
2,126
2,126
2,126
313
316
315
27,037
27,093
26,952
109
108
108
57
57
57
31,905
32,489
32,591 4/
29,636
30,195
30,287
31
31
31
2,112
2,116
2,135
316
319
312
27,013
27,566
27,647
106
106
105
57
57
56
31,569
31,552
31,633
29,301
29,277
31
31
29,340
31
2,008
2,017
2,054
302
308
310
26,799
26,761
26,786
104
103
102
56
56
56
October. .
November.
December.
1960-January. .
February..
March
Ei»J
2,088
2,122
2,135
2,170
35
34
32
31
of fiscal
year or month
1952
Total
coin
Standard
silver
dollars
Subsidiary
silver
Minor
coin
73
70
Money in
circulation
per capita
(in dollars) i/
184.90
188.72
184.24
182.91
182.64
1953
1954
1955
1956
1,678
1,766
1,795
1,858
1,948
191
202
212
223
237
1,093
1,150
1,165
1,202
1,259
393
413
1957
1958
1959
2,042
2,101
2,215
253
1,315
1,346
474
487
1,U5
5U
181.52
179.08
180.18
1958-Decenber.
2,182
278
1,399
505
183.34
1959-July
August
September.
2,224
291
292
1,419
1,429
1,441
517
521
526
179.81
179.37
178.40
529
535
538
178.46
181.49
181.82
535
175.92
175. 63r
175.86
2,2U
2,259
268
285
October. .
November.
December.
2,269
2,294
2,304
293
1,U7
295
298
1,465
1,468
1960-January. ,
Februaiy,
2,268
2,275
2,294
297
298
299
1,436
1,440
1,455
March
Source: Circulation Statement of United States Money.
Excludes money held by the Treasury and money held by or for the
account of the Federal Reserve Banks and agents; includes paper
currency held outside the continental limits of the United States.
2/ Treasuiy notes of 1890 in circulation are being canceled and retired upon receipt by the Treasury,
1/
2/
U
5/
419
433
453
536
540
Federal Reserve Baiik notes and national bank notes are covered by
deposits of lawful money and are In process of retirement.
Highest amount to date.
Based on latest population estimates by the Bureau of the Census;
includes Alaska beginning with January 1959 and Hawaii beginning
with October 1959.
Revisedr
66
Treasury Bulletin
.MOKETARY STATISTICS.
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
End of fiscal
year or month
Gold
Silver
($35 per
(tl.29+ per
fine ounce
fine ounce)
1952
1953
195A
1955
1956
Ratio of silver
to gold and
silver in
monetaiy stocks
(in percent)
3,768.5
13.9
3,8U.3
U.5
a,799.1
3,863.1
3,922.4
3,994.5
15.0
15.3
15.5
22,622.9
4,U6.6
23,346.5
22,462.8
21,927.0
a, 677.6
a, 356.
4,306.0
19,704.6
4,4U.l
15.4
16.8
18.3
1958-December.
20,534.3
4,362.5
17.5
1959^July
August
4,a2.7
September,
19,625.9
19,523.8
19,490.7
4,408.7
4,402.3
18.4
18.4
18.4
October...
November..
December..
19,585.2
19,565.8
19,455.9
4,395.0
4,387.7
4,382.7
18.3
18.3
18.4
1960-Januai7. ..
February.
March. .
19,443.6
19,420.5
19,407.8
4,379.4
4,376.4
4,375.6
18.4
18.4
18.4
1957
1958
1959
,
,
,
.
. .
.
Source: Circulation Statement of United States Money.
silver monetaiy stock see Table 4.
For detail of
1/
See Table 3, footnote 2.
Table 3.- Gold Assets and Liabilities of the Treasury
(in millions of dollars)
Gold assets
End of calendar year or month
Liabilities:
Gold certificates,
Balance of gold in
Treasurer's account
etc. 1/
1952
23 ,187.1
22,178.8
1953
a,545.7
1954
1955
1956
22,029.5
a, 712.5
a, 690.4
a, 949.5
a,199.1
a,458.3
1,008.2
483.7
489.0
491.2
491.2
1957
1958
1959
22,781.0
20,534.3
19,455.9
22,272.9
20,138.2
19,350.5
508.1
396.1
105.4
1959-July
August. . .,
September,
19,625.9
19,523.8
19,490.7
19,520.0
19,413.8
19,389.9
105.8
109.9
100.8
19,585.2
19,565.8
19,455.9
19,476.7
19,464.2
19,350.5
108.5
101.6
105.4
19,443.6
19,420.5
19,407.8
19,341.2
19,320.6
19,299.2
102.4
99.9
108.6
October. .
November.
December.
1960- January . .
Februaiy..
March
Source: Circulation Statement of United States Honey.
1/ Comprises (l) gold certificates held by the public
Reserve Banks; (2) gold certificate credits in (a)
fund - Board of Governors, Federal Reserve ^stem,
tion fund - Federal Reserve notes; and (3) reserve
and in Federal
the gold certificate
and (b) the redempof $156.0 mlUion
a, 223.
2/
against United States notes and Treasuiy notes of 1890.
The United States pe^ment of the $343.8 million increase in
its gold subscription to the International Monetary Fund
authorized by Public Law 86-48, approved June 17, 1959, was
made on June 23, 1959 (see "Budget Receipts and Expenditures,
Table 3, footnote 10).
I
May
mo
67
MONEEARI STATISTICS.
Table 4.- Components of Silver Monetary Stock
(In millions of dollara)
Silver held in Treasury
End of calendar
year or month
Securing silver certificates 2/
Silver
bullion 2/
Silver
dollars
Subsidiary
coin
289.3
278.3
267.6
253.5
236.3
3.9
6.3
48.0
15.7
1952
1953
1954
1955
1956
2,109.7
1957
1958
1959
2,a2.9
2,245.0
2,251.4
219.0
202.7
182.3
1959-July
August ...
September
2,251.4
2,251.4
2,251.4
191.7
189.6
187.6
October..
November.
December.
2,251.4
2,251.4
2,251.4
187.1
184.4
182.3
2,251.4
2,251.4
2,251.4
182.0
181.6
180.1
2,U0.8
2,171.1
2,194.4
2,208.9
1960-Jaiiuary.
•
February.
March. ...
Silver outside
Treasury
In Treasurer's account
^
Bullion for
recoinage ij
Bullion
at coat
Silver
dollars 2/
Subaidiaiy
coin 2/
Total
silver
at \\.2^
per fine
ounce
235.4
252.2
1,158.1
1,213.1
1,242.7
1,283.2
1,338.2
3,794.1
3,837.0
3,886.6
3,930.1
4,064.1
3.2
127.4
269.3
285.4
305.5
1,402.6
1,446.2
1,513.4
4,185.4
4,362.5
4,382.7
13.8
5.9
6.6
153.7
151.5
146.1
296.2
300.2
1,483.3
1,491.3
1,494.3
4,412.7
4,408.7
4,402.3
9.5
4.2
3.2
138.2
132.0
127.4
300.8
303.5
305.5
1,499.1
1,508.9
1,513.4
4,395.0
4,387.7
4,382.7
11.1
19.2
23.9
121.5
115.0
109.2
305.8
306.2
307.7
1,513.6
1,520.5
4,379.4
4,376.4
4,375.6
45.3
30.7
11.0
17.6
62.9
202.5
213.2
8.2
92.3
U.9
U8.3
2.3
Source: Circulation Statement of United States Money; Office of the
Treasurer of the United States.
1/ Valued at $1.29*- per fine ounce.
Z/ Includes silver held by certain agencies of the Federal Govemmant,
2/ Valued at $1.38+ per fine ounce.
ij
*
23.1
298.3
1,5U.8
Valued at $1.38+ per fine ounce or at $1.29+^ per fine oiince
according to whether the bullion is held for recoinage of subsidiaiy
silver coins or for recoinage of standard silver dollars.
lesa than $50,000.
Treasury Bulletin
68
.MONETARY STATISTICS.
Table 5.- Seigniorage
(Cumulative from January 1, 1935 - in ndllions of dollars)
Sources of seigniorage on silver bullion revalued 1/
End of calendar
year or month
Seigniorage
on coins
(silver and
minor)
Newly mined silver
Misc. silver
(incl . silver
bullion held
June U, 193i)
Silver Pui^
chase Act
of June 19,
1934
Nationalized
silver
Proclamation
(Proc. of
Aug. 9, 1934)
of Dec.
1933
a,
1935
1936
1937
1938
1939
18.5
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
530.7
34.5
34-7
34.7
34.7
34.7
16.8
36.0
58.0
74.9
87.3
1940
1941
1942
1943
1944
122.2
182.1
245.7
299.6
362.3
48.7
48.7
48.7
48.7
48.7
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
1945
1946
1947
1948
1949
429.5
491.9
520.5
559.2
578.7
48.7
48.7
48.7
48.7
48.7
701.6
832.1
832.1
832.2
833.6
34.7
34.7
34.7
34.7
34.7
1950
1951
1952
596.6
642.3
694.2
742.2
792.9
807.0
839.6
890.3
932.0
981.6
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
September.
958.5 2/
961.7
965.6
48.7
48.7
48.7
October. ..
November.
December,.
971.9
977.0
981.6
986.0
991.0
1953
1954
1955
1956
1957
,
,
1958
1959
,
1959-July
August .
,
.
,
1960-Janualy . ,
February.
Acts of
July 6, 1939,
and July 31, 1946
Total
seigniorage
on silver
revalued
Potential
seigniorage on
silver bullion
at cost in
Treasurer's
account 2/
4-2
326.2
422.1
508.1
616.0
705.6
274.9
397.5
541.6
758.8
950.6
25.7
48.3
63.6
65.3
65.4
759.4
799.7
818.9
820.6
820.7
1,055.8
1,089.0
1,048.2
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
146.8
129.9
127.2
34.7
34.7
34.7
34
34
34
34
34
34
34
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
104.7
114.6
125-4
134.7
1,109.3
1,119.2
1,130.0
1,139.3
111.7
81.9
57.2
34.9
6.6
833.7
833.7
833.7
34.7
34.7
34.7
48.7
48.7
48.7
833.7
833.7
833.7
48..?
833.7
833.7
48.7
Source: Bureau of Accounts.
These items represent the difference between the cost value and
the monetary value of silver bullion revalued and held to aecure
silver certificates.
2/ The figures in this column are not cumulative; as the amount of
1/
2/
U3.8
1,U8.4
150.8
155.2
156.4
166.0
167.9
1,155.4
1,159.8
1,161.0
1,170.6
1,172.5
50.0
72.9
114.0
87.6
87.6
87.6
167.9 2/
167.9
167.9
1,172.5 2/
1,172.5
1,172.5
119.4
118.1
115.1
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
107.7
102.9
34.7
34.7
87.6
87.6
167.9
167.9
1,172.5
1,172.5
94.0
88.7
U.3
98.3
98.3
bullion held changes, the potential seigniorage thereon changes.
Total of seigniorage on coins and on newly mined silver, beginning with
that for July 1959, is included under coins; the breakdown is not available
after June 1959.
Table 6.- Increment Resulting from the Reduction in the Weight of the Gold Dollar,
as of March 31, 1960
AlXocationa of
increment l/
Exchange Stabilization Fund
,
$2,000,000,000.00
$2,000,000,000.00
139,299,557.00
139,299,557.00
23,862,751.00
23,862,751.00
Payments to Federal Reserre Banks for industrial loans 2/
Philippine currency reserve
Melting losses on gold coin
Charges against
increment
,
2,175,121.93
1,857,719.07
Retirement of national bank notes.........................
645,387,965-45
645^87,965.45
Onassigned ................................................
8,780,330.34
Total increment
,
,
2,819,505,725.72
Source: Bureau of Accounts.
l/ The authority, purpose, and amount through 1940 of these allocations
are sunraarlzed In the 1940 Annual Report of the Secretary of the
Treasury , pages 128-30.
2/ Pursuant to Public law 85-699, approved August 21, 1958 (72 Stat. 698)
the $ HI, "^3 ,246.03 une:q>ended b^ance of this allocation was covered
Uneiqmnded balance of
incremBnt
317,402.86
8,780,330.34
2,810,407,992.52
9,097,733.20
into the Treasuiy as ndscellaneous receipts; and the $27,546,310.97
which had been olvanced to the Federal Reserve Banks under this
allocation vaa repaid into a special fund from which it was appropx-iated to the SklU Business Administration to be available for
grants under section 7 (d) of tbB Small Business Act, as amended.
May
mo
69
.EXCHAHGE STABILIZATION FUND.
Table 1.- Balance Sheets as of June 30, 1959, and December 31, 1959
Doeember 31, 1959
June 30, 1959
Assets:
Cash;
Treasurer of the United States, checking account,,..
Federal Resorve Bank of New York, special account..,.
Disbursing officers' balances and advance accounts...
$1,027,334.32
160,099,588.90
4,746.99
$1,713,384.82
194,853,204.38
5,983.82
Total cash
Special account of Secretary of the Treasxiry with
Federal Reserve Bank of New York - gold
$196,572,573.02
$161,131,670.21
40,942,190.89
50,649,698.19
Foreign Exchange Due from Foreign Banks:
Central Bank of Argentina
25,000,000.00
87,120,000.00
90,000,000.00
Accrued interest receivable
536,462.11
850,310.16
Accounts receivable
124,166.33
61.68
74,397.51
20,971.64
Investments in United States Government securities
Unamortized premium on Treasury obligations
Interest purchased
Office Equipment and Fixtures
Less Allowance for Depreciation
251,274.03
<
38,906.94
20,246.46
,
327,671,372.36
325,621,063.89
Total assets
13,660.48
Liabilities and capital
Accounts payable
Vouchers payable
Employees' payroll allotment account, United States
savings bonds
Miscellaneous
50,838.94
6,379.76
2,762.48
167,397.49
U2,085.00
Total accounts payable
Unamortized discount on Treasury obligations
Capital account
Deduct - Subscription to International Monetary Fund
Net income
2,310.87
220,998.91
150,775.63
U, 682 .34
37,731.70
2,000,000,000.00
1,800,000,000.00
2,000,000,000.00
1,800,000,000.00
(see Table 2]
Total liabilities and capital
Note: Annual balance sheets for fiscal years 1934 through 1940 appear in
the 1940 Annual Report of the Secretary of the Treasury and those for
succeeding years appear in subsequent reports. Quarterly balance sheets
200,000,000.00
200,000,000.00
125,355,382.64
127,482,865.03
325,621,063.89
327,671,372.36
beginning with that for December 31, 1938, have been published
in the "Treasury Bulletin."
Treasury Bulletin
70
.EXCHANGE STABILIZATION FUND.
Table 2.- Income and Expense
Clagsiflcation
May I960
71
.
CAPITAL MOVEMENTS
Data relating to capital movements between the
published will be exactly comparable to those now presented.
United States and foreign countries have been collected
since 1935. pursuant to Executive Order 6560 of January 15.
193^-,
Executive Order IOO33 of February
S,
19^9,
eind
Information
covering the principal types of data and the principal
countries is reported monthly, and Is published regularly
Treasury regulations promulgated thereunder.
In the "Treasury Bulletin."
Supplementary Information Is
published at less frequent Intervals.
The first three sections which follow are published
They provide summaries, by periods and by
countries, of data on short-terra banking liabilities to
and claims on foreigners and transactions In long-term
monthly.
securities by foreigners, and present detailed breakdowns
of the latest available preliminary data.
Reports by banks,
securities brokers and dealers, and Industrial
Section IV provides supplement£u:y data in six tables
and commercial concerns in the United States are made
Initially to the Federal Reserve Banks, which forward
which appear at less frequent Intervals. Table 1, shortterm foreign liabilities and claims reported by non-
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
f Inanoial concerns,
published data.
banks and bankers,
bankers,
April, July,
is
published quarterly in the January,
and October issues of the Bulletin.
Table
2,
long-term foreign liabilities and claims reported by
and Table 3, estimated gold reserves
and dollar holdings of foreign countries and International
The term "foreigner" as used In these reports covers
all Institutions and Individuals domiciled outside the
United States and its Territories and possessions, the
official institutions of foreign countries, wherever
such Institutions may be located, and international
"Short-term" refers to original maturiorganizations.
ties of one year or less,
other maturities.
coverage,
statistical presentation, and definitions
appeared in the June
pages
and "long-term" refers to all
A detailed discussion of the reporting
'+5-'4-7.
195'*'
issue of the "Treasury Bulletin,"
As a result of changes in presentation
Institutions, are published quarterly In the March, June,
September,
and December issues. Table H, foreign credit
and debit balances in brokerage accounts, appears semiannually in the March and September Issues. Table 5,
short-tern liabilities to foreigners in countries and
areas not regularly reported separately by banking inIs presented annually, appearing in the April
Issue through 195S and in the March Issue thereafter.
Table 6, purchases and sales of long-term securities by
stitutions,
foreigners during the preceding calendar year, also
appears annually, beginning with the May 1959 issue.
Introduced In that issue, not all breakdowns previously
Section I - Summary by Periods
Table 1.- Net Capital Movement Between the United States and Foreign Countries
(in millions of dollars; negative figures indicate a net outflow of capital from the United States)
Treasury Bulletin
72
.CAPITAL MOVIMEa^TS
.
Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Position at end of period in milliona of dollars)
Short-term claims on foreigners
Short-term liabilities to foreigners
Payable in dollars
End of calendar year
or month
Total
19«.
1945
19i6
4,205.4
5,374.9
5,596.8
6,883.1
6,480.3
3,320.3
3,335.2
4,179.3
3,043.9
1947
1948
1949
1950
1951
7,116.4
7,718.0
7,618.0
8,64A.8
9,302.2
1952
1942
19A3
2,2U.4
Intei^
national
Other
foreign
Foreign
officiol
13.9
17.9
1,947.1
2,036.7
a.6
2,39.9
Payable in dollars
Payable in
foreign
currencies
25.5
Loans to
foreign banks
Other
Payable In
foreign
cxirrencies
246.7
257.9
329.7
392.8
708.3
72.0
86.4
105.4
100.3
319.6
U3.7
290.5
54.6
47.5
98.1
948.9
1,018.7
827.9
898.0
968.4
292.9
361.2
222.7
151.1
177.2
490.6
557.1
494.3
506.3
699.4
165.4
100.4
110.8
240.6
91.8
122.9
156.5
78.4
101.6
211.0
163.9
137.2
169.7
245.0
30.9
34.4
2,678.2
2,922.0
473.7
40.6
1,832.1
2,836.3
2,908.1
3,620.3
3,547.6
2,972.7
2,947.0
3,001.0
3,451.7
4,041.2
2,262.0
1,864.3
1,657.8
1,527.8
1,641.1
49.7
70.4
51.0
1954
1955
1956
10,546.1
11,648.4
12,918.6
13,600.7
U, 939.1
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4
4,245.6
4,308.4
4,335.4
4,726.5
5,392.8
1,584.9
1,629.4
1,769.9
1,881.1
1,452.1
61.4
43.7
43.2
48.8
1,048.7
904.5
1,386.5
1,548.5
1,945.7
405.4
847.5
646.5
969.0
1,056.5
1,390.8
1957
1958
1959
15,158.3
16,159.1
19,337.3
7,916.5
8,664.9
9,139.2
5,665.3
5,890.8
6,962.8
1,517.3
3,158.1
59.0
59.4
77.2
2,199.4
2,542.0
2,635.0
385.5
439.4
486.6
1,666.5
1,904.9
1,913.4
1959-July
August
September.
18,724.2
18,811.8
19,197.4
9,U1.5
9,175.4
9,226.4
6,735.3
6,850.3
6,908.7
2,780.5
2,720.2
2,991.4
66.9
65.9
70.9
2,384.2
2,356.3
2,391.6
437.4
422.5
457.8
1,766.4
1,755.6
1,735.2
19,0l6.3r
19,303.5
19,337.3
9,095.7
9,082.5
9,139.2
6,802.9r
6,995.8
6,962.8
3,049.3
3,159.8
3,158.1
68.4
65.4
77.2
2,395. 9r
432.5
483.7
486.6
l,737.3r
1,785.9
1,913.4
226.1
2,481.9
2,635.0
19,342.1
19,439.2
19,592.4
8,889.1
8,864.6
8,984.9
7,259.1
7,233.0
7,246.3
3,137.7
3,285-3
3,299.6
56.3
56.3
61.6
2,716.4
2,691.4
2,729.3
508.7
477.9
463.0
1,978.9
2,003.3
2,050.8
228.8
210.3
215.5
1953
October. . .
November. .
December* ..
1960-Jajiuary
..
.
Februaiy p,
March P-.
:
:
l,54il.O
U.9
72.2
40.3
U9.6
U7.3
197.7
235.0
180.5
178.
198.6
a2.3
235.0
Preliminary.
Revised.
Beginning in August 1956 and again in April 1957, certain accounts
previously classified as "Other foreign" are included in "Foreign official.
1/
206.5
328.1
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Corporate and other
U. S. Government bonds
Calendar year
or month
and notes 1/
Purchases
Sales
1935-41
1942
1943
1944
1945
396.8 2/
164.2
513.6
377.7
492.4 2/
138.5
170.6
268.2
393.4
1946
1947
1948
1949
1950
4U.5
684.2
344.8
282.4
430.0
283.3
330.3
241.3
,
,
,
1,36.4
1951
1952
1953
1954
1955
1956
1957
1958
1959
,
646
800
1,341
.
.
.
1/
.
.
.
245.3
2/
-15.7
2/
2/
-269.7
61.5
-47.9
96.4
942.1
2/
2/
2/
^,
2/
2/
108.3
-.6
141.6
188.5
197.4
283.6
296.0
251.8
258.9
-21.6
11.7
15.3
6.1
28.7
35.3
36.3
686.1
120.0
200.1
212.8
289.7
324.7
287.1
310.2
361.4
368.8
-683.0
302.3
-82.0
8.2
529.0
-135.0
-52.1
Purchases
Sales
Net
purchases
367.6
226.1
369.7
354.1
666.9
432.1
376.7
-64.5
-150.6
782.1
570.9
5U.1
-U4.3
375.3
664.0
-21.2
652.2
784.1
2,011.1
1,116.3
659.9
844.4
708.9
1,066.6
-334.2
-89.1
-192.2
75.2
619.5
649.2
533.9
980.2
1,433.7
1,363.5
1,163.8
1,453.6
1,861.5
120.3
1.0
55.2
135.0
127.5
256.0
142.6
-56.3
2,117.6
1,069.0
1,459.4
2,056.4
2,541.8
2,633.6
-584.3
2.9
5.8
9.9
18.0
197.4
157.9
137.0
163.7
122.6
111.3
33.7
35.3
25.7
37.0
29.4
25.3
26.1
33.3
10.0
10.9
-3.9
155.3
196.8
224.8
125.7
148.5
167.1
29.7
48.3
57.8
29.8
36.8
42.4
24.3
5.5
71.7
11.4
13.6
199.3
157.4
156.1
127.6
25.4
28.8
13.1
34.3
31.5
66.3
40.3
77.0
98.8
55.0
85.6
67.5
37.2
35.3
53.5
87.8
50.4
31.6
42.3
Through 1949, includes transactions in corporate bonds.
Through 1949, included with transactions in U. S. Government
bonds and notes.
2/
p
626.7
46.6
27.8
210.7
-113.1
9,322.1
260.6
392.9
650.4
637.9
8,695.3
20.9
-43.0
-34.6
-97.4
26.2
22.6
22.3
162.6
166.4
Net pur^
chases of
domestic
securities
-ai.4 2/
51.3
17.3
72.6
31.9
32.5
Total
sales
841.6 2/
75.5
194.6
171.4
357.7
296.2
3U.0
Total
purchases
430.2 2/
96.4
151.6
136.9
260.2
739.8
650.2
589.1
1,115.1
1,561.2
1,619.5
1,306.4
1,397.3
2,224.4
3.3
33.5
70.3
2/
107.7
39.7
25.0
39.5
103.9
119.5
112.7
Net
purchases
-95.7 2/
25.7
70.7
63.1
258.5
105.8
92.1
I960- Januaiy
February p
March p
31
Sales
1,23.9
1,2U-1
666.1
October.
November.
December.
1,356
Net
purchases
728
792
812
1,018
718.3
1,187.6
528.0
883
1959-July
August .
September.
2j
673
533
333.6
294.3
Bonds 2/
124.6
362.9
1,533.3
1,384.0
1,U7.9
2,205.7
3,227.0
2,790.0
2,282.8
2U.0
365.2
439.7
751.0
9U.4
3U.9
-11.5
U9.3
685.2
156.4
2,U1.0
U1.8
2,985.2
2,685.7
-2.7
1,121.6
292.4
229.6
U8.9
283.1
170.2
173.1
62.8
278.7
110.0
353.2
400.2
346.4
228.0
273.4
255.4
125.2
126.8
91.0
333.0
313.7
311.2
205.4
127.6
77.3
87.4
2,982.5
3,807.3
236.4
23.8
Januaiy 4, 1940, through December 31, 1941; the breakdown between
stocks and bonds is not available for earlier years,
Preliminary.
May I960
73
•
CAPITAL MOVEMENTS.
Section I - Summary by Periods
Table 4.- Purchaees and Salea of Long-Term Foreign Securities by Foreigners
(In millions of dollara; negative figures indicate a net outflow of capital from the United States)
Foreign bonds
Calendar year
or month
Sales
Foreign stocks
Nat
purchasas
Net
purchai
193 5-a
n.a.
n.a.
1942
19U
U6.4
3U.3
1945
318.1
1946
1947
1948
1949
1950
755.9
658.7
1943
ai.6
3a.
589.2
1951
1952
1953
1954
1955
1956
1957
1958
1959
500.4
495.3
542.5
792.4
693.3
606.5
699.0
889.0
945.6
1959^July
Au^st....
Septeirber.
October, .
November.
December.
.
..
1960-January.
February p
March p. .
.
Not available
Preliminaiy.
Revised.
372.2
225.3
347.3
490.4
634.3
291.4
311.5
710.2
801.0
677.4
621.5
841.3
509.4
991.5
1,392.0
1,915.1
1,457. 6r
60.5
27.1
156.5
162.6
52.1
53.3
95.4
75.4
92.8
57.5
76.7
56.9
27.3
208.3
144. 6r
58.7
238.1
174.0
74.2
89.0
-29.2
n.a.
n.a.
23.3
26.6
37.3
265.5
24.5
-79.8
9.8
65.2
-la.O
173.8
-300.6
-182.1
-79.0
-4S.8
183.9
-385.0
-693.1
-1,026.1
-512. Or
-102.1
-.2
-51.8
-23.3
-39.5
-49. 2r
-1.2
-161.4
-117.1
57.1
81.7
88.8
272.3
293.9
310.1
393.3
663.6
749.2
592.8
467.2
566.1
47.5
U.4
U.O
58.3
41.3
53.0
55.5
41.1
42.4
Total
purchases
4,008.2
n.a.
n.a.
19.8
22.1
54.8
3.5
4.5
-17.5
220.5
469.6
340.9
355.4
65.6
42.6
96.7
70.8
198.2
-.4
14.6
821.2
715.9
-15.0
18.0
-24.4
293.3
410.1
763.0
-76.4
-35.8
6.8
-251.6
772.7
789.1
852.7
1,185.8
1,356.9
1,355.7
1,291.8
1,356.2
1,511.7
348.7
329.6
303.4
6U.9
877.9
875.2
621.9
803.7
803. 8r
-2U.3
-126.1
-29.1
-336.4
-237. 7r
52.7
50.2
43.6
-5.2
-5.8
35.2
51.4
63.1
45.0
36.4
44.2
Total
sales
3,152.6
227.9
391.9
247.4
402.1
855.5
-7.4
77.7
93.5
-46.6
556.1
676.8
388.2
382.3
908.4
265.1
-145.4
1,149.7
1,007.0
924.9
1,486.1
1,387.3
1,866.8
2,014.0
2,718.8
2,261. 5r
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-749. 7r
108.0
71.5
200.6
215.3
77.5
251.9
23.1
-10.1
-10.1
110.4
94.6
U8.3
110.6
144.2
207. 7r
10.6
113.0
117.8
99.2
103.6
274.5
218.2
.4
4.6
-1.8
Net purchases
of foreign
securities
39.0
-94.8
27.8
-107.3
-6.0
-51.3
-.2
-49.6
-59.3r
9.4
-156.8
-119.0
Treasury Bulletin
7"^
.CAPITAL MOVIMENTS.
Section II - Smmnary by Countries
Table 1.- Short-Term Banking LlabllltleB to Foreigners
(Poaltlon at end of period In millions of dollars)
Countzy
^
May I960
75
.
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners
(Position at end of period in milliona of dollars)
Calendar year
1959
I960
Co\intr7
1956
1957
Europe
Austria
Belgium
6.7
28,1
Gzecboslcnrakia
Denmark.
Finland
.2
>>>>••,.
France
Germany, Federal Republic
Greece
Italy
Netherlands
Norway
Polai^
18.3
of.
157.0
^.3
^.2
20.9
23.4
,
«
Poziiugal
Rumania.
Spain
12.2
3.5
1.6
•.•*•••••••.••.
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Yugoslavia. »^
Other Europe
. ,
,
Latin America
Argentina
,
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands V. Indies and
Surinam
..•••••.••••..
Panama, Republic of
Fbru
El Salvador
Uruguay
Venezuela
Other Latin America
,
,
Total Latin America
Asia:
China Mainlaui
Hong Kong
India
Indonesia
Iran
I srael
Japan
Korea, Republic of
Philippine s
Taiwan
Thailand
Other Asia
Total Asia
Other oountries:
Australia
Belgian Congo
Egypt 1/
Union of South Africa
All other
Total other countries
Grand total
.3
6.3
Total Europe
Bolivia
Brazil
Chile
Colombia
13.1
28.9
87.6
104.4
,
Canada
International
It
7.6
,
,
1958
1959
September
October
November
December
January
February p
March p
Treasury Bulletin
76
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 3.- Net Transactions In Long-Term Domestic Securities by Foreigners
(in tboiisanda of dollarei negntlvo figures Indicate net Bales
i/
Part of Dnlted Arab Ispublic (Egypt and Syria) sinoo February 1958.
Data on transaotions by Syria are not available separately, but are
inoluded in "Other Asia."
by foreigners or a net outflow of capital fron the United States)
p
Frelininajy.
May
mo
77
.CAPITAL MOTBENTS.
Section II - Summary by Countries
Table 4.- Net Transactions In Long-Term Foreign Securities by Foreigners
(In thouBanda of dollarai nagative flgureg Indicate net aalaa by forelgnara
err
a net outfltw of capital from the United Statea
Treasury Bulletin
78
.CAPITAL MWIMENTS.
Table
1.
Section III - Preliminary Details by Countries
Short-Term Banking Liabilities To Foreigners as of March 31, 1960
(Position in thouflands of doll«rs)
i/
Part of Dnlted Arab Rspubllo (EgTpt and Syria) since february 1958.
Data on liabilities to Syria are reported annually aM appear in
Section IV, table 5.
May i960
79
.
Table 2.
CAPITAL
wnwans
Section III - Preliminary Details by Countries
Short-Term Banking Claims on Foreigners as of March 31, 1960
(Posltlcm Is thouHud* of dollar*)
1/
Part of United Arab Republic (Egypt and Syria) since February 1958.
Data on clalns on Syria are not available separately, but are included
in "Otter Asia."
Treasury Bulletin
so
.CAPITAL MOVEMENTS.
Section III - Preliminary Details by Countries
Table 3.- Purchaees and Sales of LonK-Term Securities by Foreigners During March 1060
(Id thousands of doTlnra)
Salsa by foreignere
PurchaeeB by foreignere
Country
Total
n. s.
purchaaes Govemoent
bonds and
notes
Domestic securities
Foreign securltlee
Donestlc securities
Corporate and
other
Total
sales
Bonds
D. S.
Govemment
Foreign sec
Corporate and
other
bonds and
notes
,
Europe:
Austria
Belgium
Czechoslovakia.
Denmark
Finland
France
Germany, Federal Republic of
Greece
Italy
Netherlands
61
5,265
43
2,026
35
124
18
829
15
361
832
4,604
927
170
760
5,350
857
1,483
1
1,8
310
40
U
640
63
56
17
76
984
1,993
8,9U
1,338
19
716
10,084
4,460
ai
20
2,318
119
901
6,352
2,187
840
143
1,493
60
6,075
865
16,305
388
30,940
29,898
2
UO
140
136
4,635
Norway
Poland
Portugal
Rumania
Spain
31,912
29,974
425
613
512
455
5
320
122
232
86
118
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
1,512
78,700
12
100
1,670
1,122
8,405
198
58,975
10
7,366
50,161
9,615
1,670
26,536
2,152
Other Europe.
2,101
Total Europe.
ao,o56
42,551
18,603
108,031
27,375
19,852
Argentina
Bolivia.
Brazil
Chile
Colombia.
1,293
46
1,671
716
438
as
20
13
939
22
46
1,316
5
20
4U
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands West Indies and
Surinam
1,528
5U
473
16
34
4,654
2,881
Panama, Republic of.
Peru
El Salvador
Uruguay
Venezuela
Other Latin America.
4,315
474
59
2,926
2,266
4,312
Total latin America.
28,157
16
85
18
4
487
34
UO
—
22
4,065
11
307
8
10
2
3,893
119
1,260
18,695
Yxigoslavia
2
172
2,878
120
i5,a6
16
2,094
81
1,346
11
130
8
3
18
8
92
3
302
7
2,284
4,260
59,225
6
2,657
641
2,842
2
10,188
33,352
4,622
733
a, 3 94
23
1,060
267
833
433
41,282
4
2,328
8,697
2,398
990
1,079
16
5,179
1.224
1,037
2,876
a
18,322
a, 259
169,694
40,479
7,988
78,986
a, 306
23,681
17,885
19,238
189,696
20,846
19,480
23,U7
105,766
1,273
U7
66
1,068
191
137
30
706
26
35
4,881
48
109,3
litln America:
—
.
61
55
1,495
267
266
202
20
11
1,296
50
290
1
12
137
15
151
41
96
33
224
33
11
476
313
523
635
146
3,U1
315
417
1,291
27
35
5,429
470
360
1,741
274
36
1,764
281
1,460
15
134
609
11
2,498
947
127
16
235
2,822
158
33,186
12
610
190
225
2,545
179
156
2,743
1,905
435
236
131
208
59
1,711
1,699
1,069
37,117
384
18
55
3.073
2.589
15,910
5,458
1,127
236
4,015
38
4,407
55
62
34
U7
2
515
4
103
11
58
120
7
39
1,527
1,540
3,710
612
31
18
81
990
415
168
2,221
57,737
1,334
890
16,887
36,406
137
4,519
4,725
4,685
Asia:
China Flainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
6
6
2
63
421
113
59
256
34
3
3
596
26
13
77
805
24
Total Asia
11,360
4,281
Total other countries.
International
Grand total.
30
30
740
99
451
58
29
3,3U
i,ia
281
53
73
Thailand
Other Asia
Other countries:
Australia
Belgian Congo
Egypt i/
Union of South Africa.
All other
1/
U
U
5,175
4,068
26
13
682
396
106
79
4,887
78
4,082
40
93
3
3
U
41
a
415
4,430
11
13
1
1
481
604
67
38
1,250
755
32
388
14
263
16,276
6,390
196
4,813
4,537
48
40
11
23
23
52
50
535
26
26
5,726
22
58
59
105
381
2,959
15
342
23
6
2,075
557
3
6
19
14
532
1,833
11
591
1,8U
4,973
396
801
3,355
416
2,701
47,874
35,006
1,290
674
10,850
54
5,855
1,300
226
ai
4,118
go, 451
112.682
42.438
156. lU
56.861
42.357
441.959
70.349
28,801
124,635
173,977
Part of United Arab Republic (Egypt and SSrria) since February 1958.
Data on purchases and sales by Syria are not available separately,
but are included in "Other Asia."
Mau I960
ii
.CAPITAL MOVEMENTS.
Section IV - Supplementary Data by Countries
Table 6.- Purchasee and £>alee of Long-Term Securities by Foreigners during Calendar Year 1959
(In thousands of dollars)
Purchases by foreigners
Sales by foreigners
Domestic securities
Country
Total
purchases
U.
S.
Govemmsnt
Foreign securitie
Corporate and
other
Total
sales
D.
France
Germany, Federal Republic of
Greece
Italy
Netherlands
Norway
Poland
Portugal
Rumania
Spain
Sweden
Switzerland
Turkey
n.S.S.R
United Kingdom
904
84,i75
1,653
68,467
6,577
203,916
S.
Government
bonds and
notes
bonds and
notes
Europe:
Austria.
Belgium
Czechoslovakia
Denmark
Finland
39
1,922
633
41,791
213
19
33,496
5,613
59,301
250
295
2,340
6,130
401
2
6^25
15 ,682
715
29,761
135,486
28,852
1,451
22,027
81,910
9,824
103,375
1,027
7,362
81,537
16,523
242,262
26,401
3,838
106
383
10,187
55,400
30,945
3,437
10,193
9,375
1,450
5,612
1,001
56
3,235
1,U0
180
4,187
74
174
3,476
193
270
112,185
1,140,909
103 ,408
3,962
78,127
29
1,409
864,485
791
3,322
108,357
373
84
47,520
16,346
330,368
68,548
U0,806
U8,751
2,783
31,753
3,474
135
971
71,078
Corporate and
other
3,302
588
35,281
348
26,466
366
2,975
2
50
20,107
1,304
100,507
13
25,060
1,356
1,558
235,078
78,463
3,059
60,191
236,318
4,056
447
37
2,133
2,656
10,703
1,947
56
29,755
9
2,790
9,901
1,323
13,502
70,974
61,755
35,439
1,511
39,918
31,279
9,860
1,005
9,5U
7,466
2
1
31
5,443
23
265
7
1,845
17
3,953
12,384
30,706
2,208
39,551
19
1,803
649,132
410
14,001
50,654
24
30,444
823,882
490
117,237
640,810
19,934
312,011
30,889
9,a2
64
1,266
38,867
553
17
42,420
l,a7
801,894
269,395
Foreign securities
Domestic securities
11,0a
526
296
8
Yugoslavia
Other Europe
500
98,045
53,820
3,651
19,764
500
20,063
747
69,053
31,779
6,354
15,458
14,476
Total Europe
3,009,837
603 ,182
157,805
1,548,213
461,160
239,477
2,3U.,269
237,335
96, ao
1,230,373
336,443
1,191,261
263 ,775
161,630
288,506
183,143
294,207
1,553,574
153 ,050
173,998
306,167
573,477
15,897
1,671
23,391
11,963
8,979
247
391
218
37
388
182
1,021
1,223
11 ,401
637
407
19
12,604
1,478
13,440
10,169
5,448
10,165
1,353
355
1,354
1,203
70
8,874
2,691
3,810
653
28
505
13,403
1,513
13,288
7,924
3,502
273
55
263
Cuba
Dominican Republic...
Guatemala
Mexico
Netherlands Usst Indies and
Surinam
27,792
1,132
1,537
42,822
4,063
29
35
1,169
2,382
10
220
2,190
18,144
872
1,193
31,068
2,548
184
30,656
1,200
4,540
655
37
38
3,855
1,224
40,994
1,564
19
2,224
22,668
509
1,130
29,318
2,359
58,915
10,703
9,090
31,783
4,608
2,731
37,587
3,123
6,188
22,727
1,237
Panama, Republic of,
Peru
El Salvador
Uruguay
Venezuela
Other Latin America.
73,856
7,728
3,252
117
5,669
185
4,030
6,480
4,505
12,393
74,543
6,413
2,272
7,043
3,U3
44,979
38,177
43,701
968
1,303
2,887
4,176
228
408
2,507
679
2,180
47,609
4,242
1,443
2,315
55,182
5,016
366
42,827
37,985
16,517
6,U7
4,459
56,406
48,339
37,569
3,306
1,104
31
946
2,487
3,201
31,092
18,193
416
1,593
4,784
2,935
18,270
Total Latin America.
422,456
27,741
26,793
280,583
61,841
25,498
364,426
20,788
a, 678
245,866
45,667
1,108
92,306
71,165
1,512
629
13
46
332
881
70,938
356
467
1,051
58,569
69,970
332
249
69,630
72
473
870
52,519
10
1,956
1
575
10
17,796
160
30
6
158
425
70,558
1,000
6,530
6,163
1,413
801
1,227
1,328
2,941
3,801
Canada
Latin America;
Argentina.
Bolivia. .
Brazil
Chile
Colombia.
83
5
15
3,U9
51
2
461
910
294
1,306
17
3,004
1,919
2
U
120
120
43
741
23
7
318
8
8,557
2,717
252
33,933
51
983
2,503
la
27
8,1a
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
26
5,150
5
53
6
24
895
113
2,815
38
9
19
1,872
494
317
418
473
54
120
55,785
37,918
26
293
502
240
153
Z3
1,903
1
13
l,a5
2
25
1,333
1,651
269
5
460
24
5
4
2,863
2,221
463
20
275
3,557
44,474
ao
74,169
Thailand
Other Asia
2,233
36,183
16,264
110
12,201
1,750
7,333
Total Asia.
223 ,499
92,351
1,609
90,255
35,502
3,782
277,217
46
536
326
6,323
10
11
16,452
1,330
197
1,585
814
25,618
298
481
9,503
19,028
30
39
1,599
998
51,727
32,971
3
809
405
395
73
827
7,237
36,8a
815
66,295
126,611
24,240
5
2,719
Other countries:
Australia
Belgian Congo
Egypt 1/
Union of South Africa,
All other
7,129
337
169
18,757
32,355
25
8
19,464
118
687
10,629
1,252
927
280
105
501
10,039
Total other countries.
58,747
19,516
172
12,331
24,126
2,602
54,928
74
1,259
11,852
38,471
413,218
207,507
20,773
4,554
179,827
557
382,778
42,599
2,244
968
336,966
5,319,018
1,2U,072
368,782
2,224,U2
945,599
566,123
4,947,192
528,015
296,204
International
Grand total.
1/
153
Part of United Arab Republic (Egypt and Syria) since February 1958.
Data on purchases and salea by Syria are not available separately,
but are included in "Other Asia."
1
5
1
4
2
2
370
6,710
7,U9
1,861,5a 1,457,635
S2
reasuTy Bulletin
Tr
.CORPOEATIORS AND CEHTABT OTHER BUSIHESS-TTPE ACTIVITIES.
The current financial etatemente of corporations and
published quarterly and appear as Section I in the series
The first data under the new regulations are
certain other business-type activities of the United States
of tables.
Government which appetu? in the 'Treasury Bulletin" beginning with the August 1956 Issue are compiled from reportt
submitted to the Treasury under Department Circular
Bulletin.
Issued January 30. 1956t and Supplement No. 1,
Issued June 1, I956. The regulations so Issued are pur-
No. 966,
and were presented in the August I956
Statements of Income and expense and source and
for March 31, I956,
application of funds are published semiannually, for June 30
and December 3I reporting dates, and appear as Sections II
suant to Section ll4 of the Budget and Accounting Proce-
The first of these statements under the new
regulations cover the fiscal year 1956, and were published
dures Act of 1950 (31 U.3.C. 66 b), and represent another
step in the program of comprehensive and integrated Oov-
agencies are grouped in separate tables by type, as follows:
ernment accounting and financial reporting for which
authority was provided In that act. They supersede
Budget-Treasury Regulation No. 3, Issued under Executive
Order No. SJIS of August I3, 191*0, as amended by Executive Order No. 90S4 of March 3, 1942, under which financial atateaente previously published In the Bulletin
were submitted.
in the Janueiry 1957 Bulletin.
Within the sections, th«
public enterprise revolving funds,
intragovernmental
revolving funds, certain other activities, deposit funds,
and trust revolving funds.
Supplement No.
1
added to the coverage by including
edl executive agencies and activities not reporting under
Depso^ment Circular No. 966, but required only a statement
In coverage.
Department Circular No. 966 requires
submission of financial statements by all wholly owned
and mixed-ownership Government corporations specifically
Included In the Oovernment Corporation Control Act, ea
amended 31 U.S.C. gl*6, 856); and all other aotlvltle*
(
of the Oovernment operating as revolving funds for
and III.
irtilch
business-type public enterprise or Intragovernmental fund
budgets are required by the Bureau of the Budget, Other
activities and agencies whose operations, eervloes, or
functions are largely self-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,
of financial condition annually as of June 30,
These are
mainly not business-type aotivltiee, and
which had
ttiose
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 Government which
the Treasury has been asked to furnish to the Committee 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 4
in Section I.
may be brought under the regulations as agenoy accounting
systems are developed to the point where th^ are capable
of furnishing the financial reports required.
A summary of loans outstanding for a series of dates
Included in Section I of the Bulletin presentation
beginning with the June 195^ issue. Two classiflcationB
is
Four kinds of financial statements are called for by
Department Circular No. 966, They are statements of
financial condition, income and expense, source and
of the loans are shown, one by type and one by agency.
application of funds, and certain commitments and contin-
Data prior to 1956 are based on the earlier reporting
requirements, which provided for complete coverage of
gencies.
Government lending agenoiee.
The statements of financial condition are
\
SLnj
mo
«3
.COKPQR/tTIOHS JWD CERPAIH OTHKR BDSIMESS-TrPE ACTIYITIES.
Section II
- Income and Expense for the Six Months Ended December 31, 1959
Table 1.- Sumnary by Specified Classes of Activities
(In thousanda of dollars)
Account
gl^
May I960
«5
-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Income and Expense for the Six Months Ended December 31, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
Section
II
-
(In thousanda of dollars)
Farm Credit Administration 2/
Federal Home Loan
Board ^/
Banit
Federal
Farm
Mortgage
Corporation
Agricultural
marketing
revolving
fund
Revolving
fund
Federal Savings and Loan
Insurance
Corporation
Panama
Canal
Company
Saint
Lawrence
Seaway
Development
Corporation
Small Business
Administration
Revolving
fund
INCOME AND EgENSE
Income:
Sales of goods and services
Interesti
On public debt securities
Other interest income
45,520
2,045
4,120
8,924
184
38
19,554
Guaranty and Insurance premiums.
Other major income items
Other income
A, 208
1
375
Total income.
4,208
23,675
45,933
Expense:
Direct cost of goods and services sold:
Cost of connnodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-) , or decrease, in:
250
6,832
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
3,398
12
857
354
8
393
17,402
3,049
4,134
491
545
184
7,310 6/
6.462
4.267
Total expense
755
42.366
3.136
13,707
-632
3
-629
Total other gains, or losses (-)
Net Income, or loss (-), before change in
valuation allowances
-59
22.920
3.567
-842
-5.214
in allowances
-729
loans
acquired sec\irity
20
fixed assets.
Inventories,
36
Net increase (-), or de crease
,
in
-672
allowances for losses
-59
for the period,
Net Income, or loss (-)
Charges (-) , or credits, applicable to
22,921
3,567
-842
-5,8
251
prior years
Net income, or loss (-)
accumulated net inccme
448
5,949
1,916
4,487 i/
Other gains, or losses (-):
Charge-off
Gain, or loss {-) , on sale of fixed assets
Gain, or loss (-), on sale of other assets
Other
Increase (-), or decrease
for losses:
Allowance for losses on
Allowance for losses on
or collateral
Allowance for losses on
Allowance for losses on
Other
13
9,121
transferred to
or deficit {-).
-59
22,921
3,818
-842
-5.886
-314,082
-31
-59
305,410
22,921
90,041
3,818
-254
-842
-26,233
-5,886
-31i,082
-90
328,339
103,858
-1,096
-32,120
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
m.
5,783
m
-1,700
10.000
A, 083
(Continued on follouing page)
Treasury BuUeiin
86
.COKPOEATIOHS AKD CERTAIN OTHER BUSINESS-TTPE ACTIVITIES.
Section
- Income and Expense for the Six Months Ended December 31,
Table 2.- Public Enterprise Revolving Funds - (Continued)
II
(In thousands of dollars)
1959
May i960
87
.CORPORATIONS AMD CERTAIH OTHER BUSIHESS-TYFE ACTT7ITIES.
Section
- Income and Expense for the Six Months Ended December 31, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
II
(In thousands of dollars)
Treasury Bulletin
gg
.CORPORATIONS AHD CERTAIN OTHER BUSINESS-TYEE ACTiViTlKS.
Section II - Income and Expense for the Six Months Ended December 31, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Mail i960
.CORPORATIORS AND CERTAIN OTHER BOSINESS-TTPE ACTrVTTIES.
Section
- Income and Expense for the Six Months Ended December 31, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
II
(In thousands of dollars)
Treasury Bulletin
90
.COKPORATIONS AND CEREAIR OTHER BUSmESS-TYEE
Section
ACTIVmES.
- Income and Expense for the Six Months Ended December 31, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
II
(In thousands of dollars)
May 1960
91
-COKPORATIOKS AND CERTAIN CfUBER BUSINESS-TYPE ACTIVITIES.
Section
- Income and Expense for the Six Months
Ended December 31, 1959
Table 2.- Publ Ic Enterprise Revolving Funds - (Continued)
II
(In thousands of dollars)
Commerce
Department (Continued)
Defense
production
guaranties
Defense Department
Air Force
Department
Army
Department
HEW Department
Navy
Department
Public Health
Service
Operation of
corainissarles,
Defense production guaranties
narcotic
hospitals
Interior
Social Security Department
Administration Bureau of
Indian Affairs
Bureau of
Federal Credit Liquidation
of Hoonah
Unions
housing project
INCOME AND EXPENSE
Sales of goods and services
Interest:
On public debt securities
Other interest income
Guaranty and insurance premiums.
Other major inccme Items
Other income
112
83
59
3^5
315
1,598
^S
Total Income
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
AdEilnistrative ei^naes
Grants and contributions
Interest expense:
Interest on borrowings from the U, S,
Treasury
Other
Other major expense items
,
Mtscellaneoua expense
60
315
lU
1,598
32
1
A6
1,5-a
12
Total expense
i9
25
1,562
37
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
379
^9
290
379
A9
290
379
19
290
Balance at end of previous fiscal year
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S, Treasury (-)
Other
12,108
379
5,2^6
A9
9,207
290
2
Balance at end of reporting period.
12,^88
5,295
9,497
49
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
prior years
Net income, or loss (-) , transferred to
accumulated net income, or deficit (-).
37
CHANGES IN ACCUMJLATED NET INCOME OR DEFICIT
Footnotes at end of Section
III,
(Continued on following page)
37
i6
-9
37
Treasury Bulletin
92
.CORPORATIONS AHD CERTAIH OTHER BUSIHESS-TTEE ACnVITIES.
Section
- Income and Expense for the Six Months Ended December 31, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
II
May I960
93
-CORPORATIONS AKD CERTAIN OTHER BUSINESS-TIFE ACTlViTUfiS.
Section II - Income and Expense for the Six Months Ended December 31, 1959
Table 2.- Publ ic Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Interior
Department( Continued)
Expansion
of defense
production
Treasury Department
Labor Dept.
Bureau of
Employment
Security
Farm labor
supply revolving; fund
Post Office
Department
Office of the Secretary
Postal
fund
12/
Reconstruction
Finance
Corporation
liquidation
fund
Bureau of
Accounts
Fund for payCivil
defense ment of Government losses
loans
in shipment
Office of
the Treasurer
Treasurer of
the U.S.,
check forgery
Insureinct) fund
Expansion
of defense
production
INCOME AND E2PENSE
Income:
Sales of goods and services
Interest
Od public debt aecurltias
Other interest Inoooe
•
Guaranty and Insurcince px^amluns ••••••.
Other major Incoae Items
Other inccme
Total incoae
34
113
1,464,216
566,214
,
2,233
16
,
36,160
,
383
15
,
,
14
113
14
113
334
,
2,249
2,066,923
46
1,973
-300,121
660
19
-14
-613
1,973
-300,121
660
19
-14
355
64
-613
1,973
-299,766
724
-74
-74
-458
In allovances
loans
acquired security
-156
fixed assets.,..,
inventories
Net increase (-)t or decrease
allowances for losses
>
In
Net Income, or loss (-) , for the period
Charges (-) , or credits, applicable to
prior years
trensferred to
or deficit (-)
CHANGES IN ACCUWLATED NET INCOME OR DEFICIT
•
706
113
,
Total other gains » or losses (-)
*
9
1,766,802
,
Net incoDie] or loss (-)> before change In
valuation allowances
»
30
4,222
,
383
»
3,939
33,903
,
Total expense
Increase (-) * or decrease
for losses:
Allowance for losses on
Allowance for losses on
or collateral
Allowance for losses on
Allowance for losses on
Other
4
4,222
,
Other gains, or loeses (-)t
Charge-off
Galn» or loss (-) t on sale of fixed assets
Gain* or loss (-}> on sale of other assets
Other
, or loss
(-)
accumulated net Inccme
676
,
Expense
Direct cost of goods and services soldt
Cost of coDBDodities sold
Hiterials applied
U&ges and salaries applied
Other applied expenses
Increase (-}» or decreABe» Int
Work- In- process
Finished goods...
Other operating expenses
Depreciation
Admlniatrative e3q>enaefl
Grants and contributions
Interest expense
Interest <m borrowings fron the D. S.
Treasury
Other
Other major eiqiense items
Miscellaneous expense
Net income
1,728,960
Balance at end of prevloiis fiscal year
Net Income, or loss (-)
Capital tranefers of earnings or profits
to the U, S. Treasury (-)
Other
(Balance at end of reporting period
Footnotes at end of Section III.
-156
-14
Treasury Bulletin
91^
.COKPOHiffilONS AHD CERPAIH OTHES BUSDCESS-TrEE ACTIVITIES.
Section II
Income and Expense for the Six Months Ended December 31, 1959
Table 3.- Intragovernmental Revolving Funds
(In thousands of dollars)
May I960
95
.CORPORAnOHS AMD CERTAIN
Section
0THE3? BUSIKESS-TTPE ACTTVITIES.
- Income and Expense for the Six Months Bnded December 31, 1959
Table 3.- Intragovernmental Revolving Funds - (Continued)
II
{In thousands of dollars)
Treasury Bulletin
96
.CORPORiWnOBS AHD CERTAIN 0THE3? BUSIHESS-TYPE
Section
tCnrmES.
Income and Expense for the Six Months E^ded December 31, 1959
Table 3.- Intragovernmental Revolving Funds - (Continued)
II -
(In thousands of dollars)
May I960
97
.CGRPORXnOSS AHD CERTAIH OTHER BDSIHESS-TTEE ADTIVmESSection II
Income and Expense for the Six Months Ended December 31, 1959
Table 4.- Certain Other Activities
(In thousands of
doUare)
s&
May I960
99
.COEPORJKPIONS tSD CERTAIN OTHER BDSIBESS-TrFE ilCTIVITIES.
Section II - Income and Expense for the Six Months Ended December 31, 1959
Table 5.- Certain Deposit Funds
(In thousands of dollars)
Treasury Bulletin
100
.CORFOB/OnONS AHD CERPAIH OTHER BDSIHHSS-TYPE ACTIVITIES.
Section II
-
Income and Expense for the Six Months Ended December 31, 1959
Table 6.- Certain Trust Revolving Funds
(In thousanda of dollars)
May 1960
101
.
Section III
COEPORATIONS AKD CESTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Source and Application of Funds for the Six Months Ended December 31, 1959
Table 1.- Summary by Specified Classes of Activities
(In thousands of dollars)
Accoimt
102
Treasury Bulletin
.CORPORATIONS AMD CERTAIN OTHER BOSIMESS-TrEE ACTIVITIES.
Section III
Source and Applica tlon of Funds for the Six Months Ended December 31, 1959
Table 2. Public Enterprise Revolving Funus
(In thousands of dollars)
May I960
103
.CORPORATIONS AHD CERTAIN OTHER BOSINESS-TYEE ACTIVITIES.
Section III
-
Source and Application of Funds for the Six Months Ended December 31, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
lOU
Treasury Bulletin
.CORPORATIONS AHD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Applies tion of Funds for the Six Months Ended December 31, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Ma^ 1960
105
.
Section III
COEPORATIONS AMD CERTAIN OTHER BDSINESS-TYFE A3TIVTTIES.
Source and Application of Funds for the Six Months Ended December 31, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Bulletin
io6
.
Section III
CORPORATIONS AHD CEHTAIU OTHER BOSIHESS-TYPE ACTIVITIES.
Source and Application of Funds for the Six Months Ended December 31, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
{In thousands of dollars)
May I960
107
-
Section III
-
COHPORATIONS AND CERTAIN OTHER BOSIMESS-TTEE ACTIVITIES,
Source and Application of Funds for the Six Months Ended December 31, 1959
Table 2.- Public enterprise Revolving Funds - (Continued*
(In thouaanda of dollara)
Housipg end Home Finance Agency - (Continued)
Office of the Adminiatretor - (Continued)
Federal National
Mortgage Association
Community
Public works
Urban
Management
Liquidating
diapossl
planning
renewal
and
programs
operations
fund
fund
liquidating
fund
functions
FUNDS APPLIED TO OPERATIONS
Acquisition of assets;
Loans made
Cost of sectirity 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
72,045
29
^,059
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital,...
^,059
Total funds applied to operations
^,157
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral,.
Sale of fixed aseeta
Sale of aecviritiea other than public debt
and iasues of wholly owned Government
enterprises
Other
1.129
72,045
^95
29,791
1^,658
101,836
6,726
51,991
83
1,801
1^.850
Total realization of assets
Capital stock issued to the public...
Income
Decrease in selected working capital.
1,801
21,658
4,383
2,015
funds provided by operations.,.
1,802
26,0-a
55,411
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
2,355
-n,383
46,426
ToteuL
FUNDS PROVIDED BY FINANCING
Increase in inveatment of the U. S,
Government:
Appropriations enacted
Borrowings from the 0. S, Treaaury
Capital and surplus advances from the
D. S. Treaaury
Other
14,979
6,000
90,000
42,000
,
Total increaae in inveatoent of the U. S.
Government
Increaae in other borrowings
Decreaae in inveatment holdings
Decreaae in selected cash and fund balances,
,
51,991
6,000
,
,
Total funds provided by financing
,
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S.
Government:
Appropriationa lapsed , reaclnded , or
tranaf erred
Repayment of borrowings from the U. S.
Treaaury
Repayment of capital and surplus advances
fran the U. S. Treasury
Distribution of earnings to the U. S.
Treaaury
General and special fund revenues
deposited
Other
6,000
132,000
,
,
Total decreaae in investment of the U. S.
Government
Decrease in borrowings from the public.,,..,
Increase in investment holdings
Increase in selected cash and fund balances.
3,6A5
11.
3U
85.574
Total funds applied to financing
3.6^5
11.383
85.574
2,355
-11,383
^6,^26
60
,
9
,
Net effect of financing (excess of funds
applied (- ) , or provided)
,
-3,8
Treasury Bulletin
lOS
.
Section III
-
COEPORATIONS AHD CERTAIN OTHER BUSINESS-TrFE ACnVITIES,
Source and Appllca tlon of Funds for the Six Months Ended December 31, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
May I960
109
.
Section III
CORFORATIOMS AHD CERTAIN OTBER BDSIHESS-TXEE
ACnVmES.
Source and Application of Funds for the Six Months Ended December 31, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollara)
Treasury Bulletin
110
.
Section III
-
CORPOE/KTIONS AHD CJERTAIN OTHER BDSIMESS-TrPE JiCi'iViTlES.
Source and Application of Funds for the Six Months Ended December 31,
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollara)
1959
May i960
111
.CORPORATIONS AMD CERTAIN OTHER BDSINESS-TTFE ACTiViTiES.
Section III
-
Source and Appllca tlon of Funds for the Six Months Ended December 31, 1959
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of doLlara)
Treasury Bulletin
112
.
Section III
CORFOHATIONS
MD
CERTAIN OTHER BOSZUESS-TTFE itCX'lVlTUSS.
Source and Application of Funds for the Six Months Ended December 31, 1959
Table 2.- Public Enterprise Revolving Funds - (Ck>ntlnued)
(In tbcFusando of dollars)
May I960
113
.CORPORATIONS AHD CERTAIN OTHER BDSIHESS-TXEE ACTIVITIES.
Section III
Source and Application of Funds for the Six Months Ended December 31, 1959
Table 3.- Intragovernmental Revolving Funds
(In thousands of dollaro)
Treasury Bulletin
Ill
.COKPOBiffilOlIS
Section III
AND CEHTAIH OTHKR BOSHOSSS-TIEE
AL'i'iViTilSb.
Source and Application of Funds for the Six Months Ended December 31, 1959
Table 3.- Intragovernmental Revolving Funds - (Ckintlnued)
(In tbousanda of dollars)
May I960
115
.
Section III
-
CORFORATIONS AHD CERTAIN OTHKR BOSHJESS-TIPE ACTIVITIES.
Source and Application of Funde. for the Six Months Ended December 31, 1959
Table 3.- Intrasovernmental Revolving Funds - (Continued)
(In thousaBda of dollars)
Treasury Bulletin
116
.
Section III
-
COHPORATIOHS AND CERTAIN OTHER BOSHtESS-TrPE ACTIVITIES.
Source and Application of Funds for the Six Months Ended December 31, 1959
Table 4.- Certain Other Activities
(In thousands of dollars)
May I960
117
.
Section III
-
COEFORATIONS AHD CERTAIK OTHER BOSHESS-TTEE ACTIVITXES.
Source and Application of Funds for the Six Months Ended December 31, 1959
Table 4.- Certain Other Activities - (Ckintlnuedl
(In thousands of dollars)
Treasury Bulletin
lis
.CORPOR/O'IOIIS AHD CERTAIU OTHER BOSINESS-TYEE iUn'iVi'i'UfiS.
Section III
-
Source and Application of Funds for the Six Months Ended December 31, 1959
Table 5.- Certain Deposit Funds
(In tbouBazids of dollara)
1
May
mo
119
.
COHPOHATIOHS AND CEETAHJ OTHEB BDSIMESS-TXPE AtTi'lVlTIKS.
Section III - Source and Application of Funds for the Six Months Bnded December
31, 1950
Table 6.- Certain Trust Revolving Funds
(In thousands of dollars)
Treasury Bulletin
120
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Footnotes to Sections
1/
2/
^
4/
5/
6/
2/
8/
2/
Statementa 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 the April I960
Bulletin.
An Intragovemaental revolving fund which submitted a statement of Income and expense for the twelve months ended June 30, 1959,
did not submit one for the six months ended December 31, 1959.
The Office of Civil and Defense Mobilization civil defense procurement
fund, shown In the April I960 Bulletin on page 76, did not have any net
Income or expense during the first six months of the fiscal year I960,
The Fadaral intermediate credit banks investment fund and the production credit associations investment fund, shown under this heading on
pnge 77 of the April I960 Bulletin, did not have any Income or expense
during the first six months of the fiscal year I960.
Home Owners' Loan Corporation (liquidated), shown under this heading
on page 78 of the April I960 Bulletin, did not have any income or expense during the first six months of the fiscal year I960.
Represents interest on the net direct investment of the United States
Government in this Corporation,
Represents Interest on funds advanced to the Administration by appropriations.
Represents net income of $24,661 thousand from power operations, and
net loss of $6,383 thousand from nonincorae-producing programs during
the first six months of the fiscal yenr I960,
The accumulated net income or deficit la Included with the equity of
thi5 United States Government and cannot be segregated.
Includes operating and administrative expenses funds.
10/
ll/
12/
13/
1^/
ly
16/
I ?/
18/
19/
»
r
II and
III
Includes interest expense of $1,^38 thousand on capital atoclc.
Includes interest expense of $106 thousand on advances from appropriations and on paid-in capital.
Figures are as of January 8, I960.
The operating deficit as of June 30, 1959, 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 I960.
Administrative expenses, foreign aid procurements; conConsists of:
struction services, public buildings; and working capital fund.
Figures are as of January 9, I960.
Represents the Cooley loan prograjn established pursuant to the act
approved August 13, 1957 (Public Law 65-1-28).
Statements of income and expense and of source and application of
funds are not yet Included for certain activities for which statements of financial condition have been published in Section I, in the
Certain other activities are included in this
April i960 Bulletin,
Section only on a fiscal year basis at the present time.
Excludes noncash transactions amounting to $1,^01,855 thousand representing loans exchanged for commodities.
Defense production guaranties, shown under this heading on page 83
of the April I960 Bulletin, did not have any funds applied or provided during the first six months of the fiscal year I960.
Less than $500.
Revised.
11
May
mo
121
.CUMULATIVE TABLE OF COMTEWTS.
June 1959 through May 1960
Issue and page number
1960
1959
June
July
Aug.
Sept.
Oct.
Nov.
Apr.
Dec.
Reporting bases.
Treasury financing operations.
Summary of Federal fiscal operations.
Budget receipts and expenditures:
Paceipts by principal sources
Detail of miscellaneous receipts by major categories
Expendittires by agencies
Summary of appropriations and authorizations, expenditures,
and balances, by agencies
Expenditures and balances by functions
Trust account and other transactions:
Summary 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 Survivors Insurance Trust Fund
Federal Disability Insxirance Trust Fund
Railroad Retirement Account..
Unemployment Trust Fund
National Service Life Insurance Fund
Investments of specified trust accounts in public debt securities,
by issues (latest date March 31, I960}
8
8
9
10
8
8
9
10
8
8
8
9
10
9
9
9
10
10
10
11
11
8
11
12
8
8
8
9
10
9
10
9
10
13
13
13
11
12
13
12
13
13
13
13
15
15
15
16
16
16
13
U
U
8
8
9
10
U
Cash incoiDB 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 Treasurer's account
Derivation of Federal payments to the public, and reconciliation
to cash vithdrawals from Treasurer's account..........
Intragovemmental transactions
Accrued interest and other noncash expeoiitures...
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account....
13
13
18
18
13
13
18
18
18
18
13
13
14
15
15
U
U
19
14
15
15
20
20
15
15
15
16
16
16
16
18
19
18
19
20
20
20
20
U
U
U
U
19
15
15
15
15
20
20
16
16
U
15
U
K
Account of the Treasurer of the Dnited States;
18
19
18
19
53
24
18
19
18
19
25
25
26
20
20
20
20
21
25
25
20
20
20
20
26
27
28
21
22
18
V)
Status of the account of the Treasurer of the Onlted States.
Analysis of changes in tax and loan accoimt balances.. ......
23
24
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 il. S. Government Investnent accoimts...
Treasury holdings of securities issued by Governokent agencies.
Statutory debt limitation.
a
a
26
26
a
a
a
22
22
22
Z3
27
28
22
Z3
23
23
29
24
24
27
28
24
24
29
24
24
22
a
a
a
a
23
23
25
25
26
26
a
Public Debt Operations:
Maturity schedule of Interest-bearing public marketable securities
other than regular weekly Treasury bills....
Offerings of Treasury bills
New money financing through regular weekly Treasxiry bills.
Offerings of public marketable securities other than regular
weekly Treasury bills
Allotments by investor classes on subscriptions for public
marketable securities other than regular weekly Treasury bills....
Disposition of matured public marketable securities other than
regular weekly Treasury bills
30
32
3A
25
25
27
29
30
32
34
25
27
29
25
27
29
25
27
29
30
32
34
25
27
29
27
29
29
30
32
34
31
36
31
31
36
31
31
36
31
31
36
25
27
35
40
35
35
40
35
35
40
35
35
40
37
42
37
37
43
38
38
43
38
38
43
(Continued on following page)
Treasury Bulletin
122
.CUMULATIVE TABLE OF COHTENTS.
June 1959 through May 1960
-
(Continued)
TREASURY DEPARTMENT
FISCAL SERVICE. BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON
25. D.C.
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
S
TAT E
S
SAVINGS
BONDS
I
•
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f
@FedFRASER