Full text of Treasury Bulletin : May 1963
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01 DEPART^
L!BRARY
ROOM 50^0
J UN 2 31972
TREASURY DEPARTMENT
POSTAGE AND FEES P
U.S. TREASURY DEPART
TREASURY DEPARTMENT
FISCAL SERVICE. BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON 25, DC.
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS
BONDS
mEWuW M
MAY
.1N1ENT
- 1963
UNITED STATES TRERSURY DEPRRTMENT
DFFICE DF THE SECRETARY
The Treasury Bulletin is for sale by the
Superintendent of Documents,
U. S. Government Printing Office, Washington 25, D. C.
Subscription per year $8.50 domestic, $11.00 foreign
Single copy price varies
May 1961
Table of Contents
Page
Treasury financing operations
A-l
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
10
Cash income and outgo
20
Account of the Treasurer of the United States
28
Debt outstanding
30
Statutory debt limitation
35
Public debt operations
36
United States savings bonds
59
Ownership of Federal securities
64
Treasury survey of ownership of Federal
securities
66
Market quotations on Treasury securities
70
Average yields of long-term bonds
73
Monetary statistics
75
International financial statistics
79
Capital movements
80
Cumulative table of contents
92
Treasury Bulletin
II
Reporting Bases
Data on receipts, expenditures, and debt which appear
itures and Balances of the United States Government" and
In the "Treasury Bulletin" are based largely on two Treasury
for actual receipts and expenditures in the "Budget of the
financial reports, the "Dally Statement of the United States
United States Government."
Treasury" and the "Monthly Statement of Receipts and Expenditures of the United States Government."
Certain mone-
tary statistics are based at least In part on the "Circula-
Where these state-
tion Statement of United States Money,"
ments are given as sources for Individual tables,
cited by name only.
they are
Their respective reporting bases are
described below. For other data in the Bulletin, information on sources or reporting bases is given in connection
with the tables themselves.
Beginning with the final statement for the fiscal
the monthly statement reports totals for net
budget receipts and budget expenditures after deduction
of certain lnterfund transactions which are Included in
year i960,
the detail of both budget receipts and budget expenditures.
The transactions deducted consist of Interest payments and
minor amounts of certain other payments made by Government
This reporting change was made in
agencies to the Treasury.
accordance with the plan stated in the President's Budget
The monthly statement of receipts and expenditures
was first published for February 195^>
and replaced the
Message of January IS, i960.
or deficit.
It does not affect the surplus
Figures for earlier periods shown in the Treas-
dally statement as the primary source of Information on
ury Bulletin were revised to the new reporting basis in the
budget results and other receipt and expenditure data
classified by type of account.
At the same time, the
under this procedure do not Include payments to the Treas-
dally statement was changed to a statement of cash deposits
and withdrawals affecting the account of the Treasurer of
the United States.
Both publications have provided compar-
ative figures on their respective bases from the beginning
of the fiscal year 1953«
195^,
The announcement of February 17,
with respect to these reporting changes may be found
in the April 195^ issue of the Bulletin.
The monthly statement shows all receipts and expendi-
tures of the Government,
including those made from cash
accounts held outside the United States Treasury. The
information Is compiled from reports by the Treasurer of
the United States and by all other collecting and disbursing agencies, including those agencies which maintain
checking accounts in commercial banks.
These reports cover
transactions recorded in the accounts of the agencies
during the reporting period.
The net of the transactions
The lnterfund transactions deducted
September i960 issue.
ury by wholly owned Government corporations for retirement
of their capital stock and for disposition of earnings.
These capital transfers have been excluded currently from
budget receipts and budget expenditures beginning July 1,
19^, and figures for prior fiscal years back through 1932
were revised accordingly at that time.
The daily statement on the new basis was first Issued
for February 17,
shown,
195^
In the deposits and withdrawals as
no distinction is made as to the type of accounts
(budget, trust,
etc.
).
The deposits are on the basis of
certificates of deposit cleared through the account of the
Treasurer of the United States.
Total withdrawals are on
the basis of checks paid or cash disbursements made out of
the Treasurer's account.
Some of the withdrawal classi-
fications shown are reported on the basis of mailed reports
of checks Issued and are adjusted by means of clearing ac-
a6 compiled from these reports is reconciled in the monthly
counts to the total of checks paid.
statement to changes in the balance in the Treasurer's account and in cash held outside the Treasurer's account and
minor amounts, noncash lnterfund and other lntragovernmental
changes in the public debt outstanding.
dally statement also are on a "clearance" basis, with the
Receipts of taxes and customs duties are reported on a
Other receipts are reported partially
on a collections basis and partially on a deposits basis.
Expenditures, except Interest on the public debt, are recollections basis.
transactions are excluded.
Except for relatively
The public debt figures in the
exception of those issuance and retirement transactions
reported on the basis of telegrams from Federal Reserve
Banks.
Noncash debt transactions are Included, however.
ported on the basis of checks issued or cash payments made
The dally statement before February 17, 195^, covered
not only transactions cleared through the Treasurer's ac-
by disbursing officers.
count but also certain Government agency transactions which
Transactions of an lnterfund or
lntragovernmental nature are Included on the same basis
even though the actual Issuance of checks may not be involved.
Interest on the public debt is included on an
accrual basis beginning with figures for June 1955 and
the fiscal year 1955.
Prior to that, It was Included on
a due and payable basis.
The same reporting basis as that
were handled through commercial bank accounts,
and included
noncash lnterfund and other lntragovernmental transactions.
It provided information similar to that In the present daily
statement with respect to the status of the Treasurer's account, and similar to that in the present end-of-month dally
statement with respect to debt Issuance, retirement,
and
in the monthly statement provides the fiscal year figures
amount outstanding.
for the Treasury's "Combined Statement of Receipts, Expend-
classified by type of account, and the budget results shown
Receipts and expenditures, however, were
May [961
in
Reporting Bases
In the dally 6tatement were used as the basis for reflecting
the results under the President's budget program as enacted
by the Congress.
Receipts were on the basis of deposits as they cleared
the Treasurer's account.
Expenditures cleared through the
the Treasurer's account were reported on two successive
bases.
Through I9I+6 they were on the basis of checks paid
by the Treasurer of the United States. Beginning with 19^7,
expenditures made through the facilities of the Treasury
Department's Division of Disbursement were on the basis
of checks Issued, while certain others, principally those
of the Department of Defense and Its predecessor organizations,
Ilote:
were on the basis of checks paid.
Transactions han-
-
(Continued)
dled through commercial bank accounts, consisting of market
transactions In public debt and guaranteed securities, were
as reported by the agencies.
Interest on the public debt
was Included on a due and payable basis beginning with
November 19^ and on a checks-paid basis prior to that time.
The circulation statement reflects transactions through
the Treasurer's account which affect monetary stocks of gold
and silver and the amounts of coin and currency In the money
supply of the country. It Is Issued later than the dally
statement, however, and the figures are based on transactions consummated during the reporting period even though
some may not have cleared the Treasurer's account during
that period.
Where calculations have been made from unrounded figures,
the details may not check to the totals shown.
May 1961
Ar-l
Treasury Financing Operations
Hay Refunding
On April 24, the Treasury announced an exchange offering of two securities to holders of three Issues maturing
The maturing Issues totaled nearly $9.5
May 15, 1963.
billion. Their owners were given the option of exchanging
them for a like faoe amount of either or both of the securities offered.
The subscription books were open from April
29 through May 1.
Cash subscriptions were not received.
payable on a semiannual basis on August 15, 1963, and thereafter on February 15 and August 15 in each year until the
principal amount becomes payable at maturity on February 15,
1966.
The new certificates were Issued In bearer form only
with Interest coupons attached. The additional notes were
available In bearer form or registered as to principal and
Interest.
Subscribers to registered notes were required to
furnish appropriate Identifying numbers as required on tax
returns and other documents submitted to the Internal Rev-
The options were:
3-1/4 percent Treasury certificates of Indebtedness, Series B-1964, dated May 15, 1963,
and to mature May 15, 1964, offered at par; and
3-5/8 percent Treasury notes, Series B-1966,
dated May 15, 1962, and to mature February
15, 1966 (of which $2,320 million was outstanding), offered at par and accrued Interest from February 15 to May 15, 1963.
Maturing securities
enue Service. Both securities were issued in denominations
of $l,CO0,$5,000, $10, 000, $100, 000, $1,000, 000, $100, 000, 000,
and $500,000,000.
Increases In Weekly Treasury Bills Continued
Weekly bills issued in April amounted to $8.
1
J>
billion.
They refunded $8.0 billion maturing and provided $0.4 bll-
A-2
Treasury Bulletin
Treasury Financing Operations
182-day maturities.
Average rates of discount on the bills
are shown In the following table.
13-week
(Additional amount of bills of
original maturity of 26 weeks)
-
(Continued)
May 1967
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
Budget receipts and expenditures
Net
Period
receipts
Expenditures
2/
1/
Surplus
or
deficit
(-)
Net of
trust
account
and other
transactions
Net
increase
Clearing
account,
etc. 2/
2/
Fiscal years
1950
in
public
debt, or
decrease
(-)
36,422
47,480
61,287
64,671
64,420
60,209
67,850
70,562
68,550
67,915
77,763
77,659
81,409
39,544
43,970
65,303
74,120
67,537
64,389
66,224
68,966
71,369
80,342
76,539
81,515
87,787
-3,122
3,510
-4,017
-9,449
-3,117
-4,180
1,626
1,596
-2,819
-12,427
1,224
-3,856
-6,378
99
679
147
435
328
231
-194
195
633
-329
-50
-602
436
85,500
86,900
94,311
98,802
-8,811
-11,903
37,235
52,877
64,705
63,654
60,938
63,119
70,616
71,749
68,262
72,738
79,518
78,157
84,709
37,657
56,236
70,547
72,811
64,622
65,891
66,838
71,157
75,349
79,778
77,565
84,463
91,907
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
2,982
6,367
8,945
Oct
Nov
Dec
483
-214
-401
-250
-303
284
Levels, end of period
Debt outstanding
'
account
balance, or
decrease (-)
2,047
1,839
-388
-2,299
2,096
-551
-523
530
-6
-145
507
448
4,587
-2,135
3,883
6,966
5,189
3,115
-1,623
-2,224
5,816
8,363
1,625
2,640
9,230
-693
-107
-20
-100
5,293
12,110
311
815
592
-7,088
-7,040
1,953
-6,306
-7,199
-41
101
739
-259
267
1,092
-691
23
-698
234
729
87
-106
-319
-209
-34
376
-21
224
109
-237
154
204
183
6,322
7,631
6,771
-3,340
-1,265
2,174
-66
-120
44
3,141
6,424
7,967
7,796
7,485
7,160
-4,655
-1,060
807
1962-Jan
Feb
Mar
5,357
6,729
9,104
7,395
6,858
7,749
Apr
5,754
7,024
11,615
Treasurer'
account
balance
Public
debt
5,517
7,357
6,969
4,670
6,766
6,216
6,546
5,590
9,749
5,350
8,005
6,694
10,430
257,357
255,222
259,105
266,071
271,260
274,374
272,751
270,527
276,343
284,706
286,331
288,971
298,201
-4,230
6,200
6,200
-423
2,711
7,973
7,777
3,582
2,019
-4,141
-1,730
8,025
7,875
-581
5,952
7,301
-447
62
1,770
-1,488
603
-635
-117
-129
-498
682
3,433
1,310
-154
317
258
140
-543
10
-2,038
-129
1,356
-152
381
-145
333
-78
978
470
-896
7,289
7,229
8,102
-1,535
-205
3,513
132
258
-317
-384
-130
67
864
2,222
-973
3,566
7,089
10,053
7,252
8,541
7,327
-3,686
-1,452
2,727
208
-59
-126
-248
-304
481
-325
3,966
-2,344
-4,051
2,151
Oct
Nov
Dec
3,030
7,027
8,360
8,524
8,070
7,572
-5,494
-1,042
788
-15
106
457
189
-1,796
1,075
2,569
3,323
-1,920
1963- Jan
Feb
Mar
5,533
7,305
9,663
8,013
6,763
7,806
-2,480
542
1,857
-126
404
-270
635
-206
864
Apr
5,735
7,590
-1,854
269
67,362
77,457
-10,095
848
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
,
1963 (Est.)..
1964 (Est.)..
Calendar years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
Months
1961- July
Aug
Sept ....
May
June.
. .
July
Aug
Sept....
1963 to date.
2/
Guaranteed
securities
20
29
46
Total
Federa
securities
Subject to
limitation
u
240
444
257,377
255,251
259,151
266,123
271,341
274,418
272,825
270,634
276,444
284,817
286,471
289,211
298,645
256,652
254,567
258,507
265,522
270,790
273,915
272,361
270,188
276,013
284,398
286,065
288,862
298,212
303,494
315,604
600
514
304,094
316,118
303,724
315,758
256,708
259,419
267,391
275,168
278,750
280,769
276,628
274,898
282,922
290,798
290,217
296,169
303,470
24
42
355
622
828
83
1,015
4,232
4,295
6,064
4,577
5,180
4,545
4,427
4,606
4,961
5,583
6,411
6,494
7,509
127
156
330
518
256,731
259,461
267,445
275,244
278,784
280,822
276,731
275,002
283,031
290,925
290,373
296,499
303,988
256,026
258,794
266,821
274,671
278,256
280,348
276,276
274,564
282,607
290,513
289,971
296,061
303,616
35
-101
-572
2,936
6,593
6,020
8,956
292,404
293, 7H
293,750
239
249
271
292,643
293,964
294,020
292,199
293,521
293,579
1,911
1,350
-842
-2,759
63
234
6,197
6,261
6,494
295,660
297,011
296,169
299
315
330
295,959
297,325
296,499
295,520
296,886
296,061
345
-1,513
644
1,293
4,981
5,626
6,919
296,513
296,983
296,088
347
371
402
296,860
297,354
296,489
296,917
296,054
-924
2,L45
5,995
8,141
10,430
296,952
299,174
298,201
405
430
444
297,357
299,604
298,645
296,922
299,170
298,212
738
6,380
8,530
9,268
297,876
301,842
299,498
448
470
487
298,324
302,312
299,986
297,891
301,938
299,612
-2,750
591
400
6,518
7,109
7,509
302,067
305,390
303,470
486
503
518
302,553
305,893
303,988
302,181
305,521
303,616
-53
1,221
-1,645
-2,024
1,961
806
5,485
7,446
8,252
303,417
304,638
302,993
531
541
548
303,948
305,179
303,541
303,577
304,809
303,172
-260
173
-1,672
6,579
303,166
562
303,728
303,359
431
4,965
-3,851'
6,579
303,166
562
303,728
303,359
522
Source: Actual figures through the fiscal year 1952 and the calendar year
1953 are from the daily 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
1964 Budget document, released January 17, 1963, including effects
of proposed legislation. More detail for data on this page will be
found in succeeding tables.
i/ Fiscal year figures beginning with the September I960 issue of the
Treasury Bulletin, and calendar year figures beginning with the June
1961 issue exclude certain iflterfund transactions from both net budget
receipts and budget expenditures (see page II, 2, and 5). Figures
previously published for these series have been revised to the new
reporting basis. The change does not affect the budget surplus or
1
Net
increase in
Trea surer
deficit.
Excess of receipts, or expenditures (-). For detail, see pages 10-14.
For checks outstanding and telegraphic reports from Federal Reserve
banks; public debt interest accrued and unpaid beginning with June
and the fiscal year 1955 (previously included from November 1949 as
331
-956
4,159
-4,399
2,654
-1,311
3,736
179
2,290
52
81
44
74
107
101
111
M0
54
76
34
53
103
104
109
2%, 422
interest checks and coupons outstanding); also deposits in transit and
changes in cash held outside the Treasury and in certain other accounts
beginning with the fiscal year 1954. Net increase, or decrease (-).
4/ For current month detail and list of acts, see section on "Statutory
Debt Limitation" in each issue of the Bulletin. The limitations in
effect during the period covered by this table and the date when each
became effective are as follows: $275 billion, on June 26, 1946; $281
billion, on August 28, 1954; $278 billion, on July 1, 1956; $275
billion, on July 1, 1957; $280 billion, on February 26, 1958; $288
billion, on September 2, 1958; $290 billion, on June 30, 1959; $295
billion, on July 1, 1959; $293 billion, on July 1, 1960; $298 billion
on July 1, 1961; and $300 billion on March 13, 1962. The limit is
$308 billion from July 1, 1962, through March 31, 1963; $305 billion
from April 1 through June 24, 1963, and $300 billion from June 25
through June 30, 1963. Under proposed legislation the statutory debt
limitation for June 30, 1963, as estimated in the 1964 Budget document,
is $308 billion.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
(In millions of dollars)
Muif 1961
.BUDGET RECEIPTS AND EXPENDITURES.
Table 2.- Detail of Miscellaneous Receipts by Major Categories
(In millions of dollars)
Fiscal year
or month
Total
Interest
Realization upon
loans and
investments
Dividends
and other
earnings
Recoveries and
refunds
Royalties
Sale of
Government
property
Sale of
products
Seigniorage
Fees for
permits
and
licenses
Fees and
other
charges
Rents
for
services,
Fines,
penalties
and forfeitures
Other
V
etc.
2,559
3,006
2,749
3,196
3,158
4,064
4,082
3,206
408
601
967
942
877
,111
805
743
1964 (Est.).
4,410
4,036
877
918
856
873
1962- July. ..
Aug
Sept...
685
300
517
89
73
71
72
Oct....
218
225
16
10
Dec
553
332
91
69
69
1963- Jan
Feb
103
71
Mar
334
488
253
11
61
Apr. ...
273
10
3,845
653
1955.
1956.
1957,
1958,
1959,
1960,
1961.
1962,
.1963 (Est.).
Nov.
. .
1963 to date...
554
628
745
53
2
252
291
438
674
506
274
296
328
328
587
436
1,012
66
69
79
90
93
96
114
121
363
480
387
345
325
392
343
263
253
313
371
410
471
266
322
343
114
182
154
1,026
539
99
128
130
133
295
316
380
407
9
-21
9
30
16
27
27
18
17
415 2/
27
24
24
26
57
41
312 2/
78
59
715
17
9
6
4
18
10
10
55
13
9
8/
2/
10/
11/
53
54
58
57
81
62
55
212
194
28
86
93
325
94
89
453
435
4
4
4
5
6
7
8
5
59
4
7
6
345
1
28
28
4
4
11
3
4
4
7
7
31
5
4
8
5
29
3
14
7
11
1
62
8
55
3
24
4
5
8
19
27
39
13
225
329
84
90
48
Actual figures through 1961 are from reports to the Treasury
Department by disbursing officers and administrative agencies, on
the monthly statement reporting basis (see page II); and from the
monthly statement of receipts and expenditures thereafter. Estimates
are from the 1964 Budget document, released January 17, 1963,
including effect of proposed legislation.
Consists of miscellaneous taxes (principally the tonnage tax on
foreign vessels entering U. S. ports), bullion charges, and gifts
2/
2/
1
-
14
11
113
117
20
129
6
23
23
16
75
12
1,053
20
68
4
12
5
5
39
20
50
15
66
49
4
9
Footnotes to Table
•2/
59
44
53
225
194
160
161
133
111
100
101
18
;
6/
47
49
49
12
-14
31
Source:
1/
312
304
350
374
330
342
29
23
49
38
5
8
12
11
13
68
40
1
398
76
and contributions.
Includes $210 million received from the French Government and $179
million from the Italian Government for prepayment of loans.
Includes $375 million for repayment of advances from Federal extended
compensation account (Temporary Extended Unemployment Compensation
Act of 1961, approved March 24, 1961) and a decrease of $93 million
for transfer of receipts to Commodity Credit Corporation fund.
(Continued)
Includes adjustments as follows for:
Income taxes not withheld, October
12/ The Employment Security Act of 1960, approved September 13, I960 (42
-$4 million, January -$4 million, and March -$2 million; income taxes
U.S.C. 1101), established in the Unemployment Trust Fund an adminwithheld, October -$142 million, January -$67 million, and March -$U
istration account, and appropriated for credit to that account,
million; transfers to Federal Old-Age and Survivors Insurance Trust Fund,
beginning with fiscal 1961, amounts equivalent to taxes collected
October +$134 million, January +'$62 million, and March +$19 million; and
and deposited under the Federal Unemployment Tax Act. The tax
transfers to Federal Disability Insurance Trust Fund, October +$12 million,
receipts are transferred currently on the basis of estimates by the
January +$9 million, and March -$2 million. See also footnote 9.
Secretary of the Treasury, with later adjustments as necessary.
Interest on refunds is included in expenditures in Table 3.
From that account are to be paid the administrative expenses of the
The principal amounts for refunds of employment taxes and certain
employment security program. Previously the corresponding amounts
excise taxes (highway) are excluded from the transfers of tax
were included, respectively, in budget receipts and budget
receipts shown herein, and are included with refunds of internal
expenditures.
revenue receipts, applicable to trust accounts.
13/ The Highway Revenue Act of 1956, as amended, (23 U.S.C. 120, note)
Amounts appropriated to the Federal Old-Age and Survivors Insurance
established a Highway Trust Fund from which are to be made, as
Trust Fund are equivalent to the amounts of taxes collected and
provided by appropriation acts, Federal-aid highway expenditures
deposited for old-age insurance. Amounts transferred currently for
after June 30, 1956, and before October 1, 1972. The act approappropriation to the trust fund are based on estimates of old-age
priated to this fund amounts equivalent to specified percentages of
insurance tax receipts made by the Secretary of the Treasury (42
receipts from certain excise taxes on motor fuels, motor vehicles,
U.S.C. 401 (a)), and are adjusted in later transfers on the basis of
tires and tubes, and use of certain vehicles, and provided that the
wage and self -employment income records maintained in the Social
amounts appropriated should be transferred currently to the trust
Security Administration.
fund on the basis of estimates by the Secretary of the Treasury with
The Federal Disability Insurance Trust Fund was established by the
proper adjustments to be made in subsequent transfers. Before fiscal
Social Security Act Amendments of 1956, approved August 1, 1956 (42
1957 corresponding excise tax receipts were included in net budget
U.S.C. 401 (b)). The act appropriated to the trust fund amounts
receipts and Federal-aid highway expenditures were included In
equivalent to specified percentages of the wages and self-employment
budget expenditures.
insurance,
and
old-age
income, respectively, which are taxed for
\U For content, see Table 4. These transactions are included in the
detail of both budget receipts and expenditures, but are deducted
provided that the amounts appropriated should be transferred from
time to time to the trust fund on the same basis as transfers to the
from the totals (see Reporting Bases, p. II).
Federal Old-Age and Survivors Insurance Trust Fund. Rates of tax
15/ Figures in this column differ from those published under the same
caption prior to the September 1960 Treasury Bulletin because of the
were increased by the percentages appropriated to the Federal Disaexclusion of certain interfund transactions (see footnote 14).
bility Insurance Trust Fund, the increase being applicable to wages
16/ Transfers reduced by $300 million to adjust those made earlier on
paid and taxable years beginning after December 31, 1956.
basis of estimates (see footnote 9).
Amounts are appropriated to the Railroad Retirement Account equal to
17/ Reflects gross amounts based on reimbursements by trust accounts for
the amount of taxes under the Railroad Retirement Tax Act deposited
refunds of taxes which were made in previous months or fiscal years.
in the Treasury, less refunds, during each fiscal year (65 Stat. 222
*
Less than $500,000.
and 66 Stat. 371) and transfers are made currently.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
'63
DOLLARS
DOLLARS
Billions
Billions
62
62
60
Individual
58
Income Taxand
Employment Taxes*
56
54
52
50
48
46
44
42
40
38
36
34
32
30
28
26
24
22
Z
Z
%-'i
20
18
16
II
iMTffim
1949
'51
'53
•55
May
W<>">
BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Agencies
(In millions of dollars)
Fiscal year
or month
Executive
LegisOffice
lative Judiciary
of the
Branch
President
65
85
1955.
1956.
1957.
1958.
1959.
1960.
1961.
1962.
97
99
118
126
134
153
1963 (Est.).
1964 (Est.).
159
155
1962- July
August . .
September
8
15
13
October.
November.
December.
17
1963- January.
February.
March.
9
14
15
13
9
30
37
39
44
47
49
4,381
4,473
4,115
4,081
4,109
57
9
10
10
11
56
56
70
29
65
69
122
Agriculture
Department
Defense Department
Commerce
Department
Civil
Military
functions
1,077
1,293
2,053
4,636
5,177
5,006
4,875
7,091
5,419
5,929
6,669
594
44,677
48,205
25
31
4,359
4,375
7,493
6,565
745
895
48,300
51,000
5
2
57
4
2
140
188
154
1,174
58
677
37
3,692
4,208
3,823
113
104
266
229
263
1,023
623
789
86
72
35
4,360
4,331
4,031
122
112
89
323
236
346
598
323
524
52
65
4,177
415
453
3,009
6,874
52
5
2
6
4
1
5
2
3
6
3
4
6
2
2
April.
1963 to date....
Funds
appropriated
to the
President
51
19
1,764 2/
1,808
562 2/
645
382
539
498
35,532
35,791
38,439
39,062
41,233
42,824
548
573
639
733
807
902
971
1,106
1,140
Health,
Education,
and
Welfare
Department
1,993
2,071
2,295
2,645
Interior
Department
515
512
572
666
751
Justice
Department
182
Post
Labor
Office
Depart-
Department 1/
ment
356
State
Department
136
142
179
206
272
690
801
908
216
214
229
250
258
284
294
394
412
418
567
1,016
549
831
620
5,048
5,742
1,054
1,165
317
337
239
433
802
554
457
450
404
72
26
31
389
114
119
23
23
18
65
6
95
82
49
53
22
412
390
363
93
89
74
24
26
25
62
61
46
74
35
55
58
37
37
68
-229
36
36
24
3,092
3,403
3,685
4,215
463
518
674
U
774
525
914
797
86
62
469
436
93
26
85
55
3,803
4,122
72
384
64
25
32
34
47
137
41
50
4,085
80
441
68
26
22
52
567
40,184
927
4,137
870
265
180
599
247
258
307
361
368
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 4.- Interfund Transaction? Excluded from Both Net Budget Receipt? and Budget Expenditures
Slaif
1961
BUDGET RECEIPTS AND EXPENDITURES
Table 5.
Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of March 31, 1963
(In millions of dollars; negative figures are deductions In the columns in which they appear)
Unexpended
balances
brought forward
July 1, 1962
1/ 2/
Agency
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President 2/
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
Trea sury Department
Atomic Energy Commission
Federal Aviation Agency
General Services Administration
Housing and Home Finance Agency
National Aeronautics and Space Administration
Veterans' Administration
Other Independent Agencies
District of Columbia - Federal payment and loans to,
,
,
,
,
,
,
,
,
Total
,
79
5
3
12,983
3,904
1,060
28,697
356
1,832
451
36
230
373
130
416
1,205
585
534
12,864
1,158
850
10,898
96
78,745
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions
(Fiscal years; in millions of dollars)
1963 through March
Function
code
number
Functions
National defense:
Department of Defense-military functions
Military assistance
Atomic energy
Defense-related activities
051
057
058
059
Total national defense
International affairs and finance:
Conduct of foreign affairs
Economic and financial programs 2/
Foreign information and exchange activities
151
152
153
Total international affairs, and finance
Space research and technology
251
Agriculture and agricultural resources:
Farm income support and production adjustment 4/. ...
Financing farming and rural housing
Financing rural electrification and rural telephones
Agricultural land and water resources 2/
Research and other agricultural services
351
352
353
354
355
Total agriculture and agricultural resources
Natural resources:
Land and water resources
Forest resources
Mineral resources
Fish iind wildlife resources
Recreational resources
General resource surveys and administration
401
402
403
404
405
409
Total natural resources
Commerce and transportation:
Aviation
Water transportation
Highways
Postal service
Advancement of business
Area redevelopment
Regulation of business
501
502
503
505
506
507
508
Total commerce and transportation
Housing and community development:
Aids to private housing
Public housing
Urban renewal and community facilities
National Capital region
,
,
,
551
552
553
555
Tota 1 housing and community development
Health, labor, and welfare:
Health services and research
Labor and manpower
Public assistance
Other welfare services 2/
651
652
653
655
Total health, labor, and welfare
i
158
1959
1960
1961
1962
Expenditures
39,070
2,187
2,268
V
Unexpended
balances end
of period 2/
41,215
1,609
2,623
244
43,227
1,449
2,713
708
41,223
2,340
2,541
387
104
1,390
2,806
92
6
42,164
3,136
2,290
498
44,234
46,491
45,691
47,494
51,103
39,128
48,088
173
1,910
i49
237
3,403
139
217
1,477
137
216
2,126
158
249
2,372
197
296
1,542
148
178
17,425
167
2,231
3,780
1,832
2,500
2,817
1,986
17,770
145
401
1,257
1,701
3,130
5,297
311
3,801
349
301
397
324
4,591
234
4,725
201
264
331
3,284
269
744"
,<
•:
.
36,099
974
2,049
297
315
315
255
376
291
3,602
289
330
368
293
341
305
2,486
666
1,216
178
196
4,419
6,590
4,882
5,173
5,895
5,826
4,742
1,139
174
59
60
69
44
1,184
201
1,235
1,564
61
55
81
94
60
1,292
249
64
70
86
53
1,524
179
74
51
1,394
331
61
73
91
1,544
1,670
1,714
a, 006
2,147
1,814
2,034
315
392
494
436
30
774
226
568
508
38
525
265
716
569
36
914
271
781
654
810
677
101
733
3,750
850
24
71
68
8'.
220
65
68
303
426
280
68
52
103
155
22
49
58
59
67
74
613
509
34
547
277
44
62
1,631
2,017
1,963
2,573
2,774
2,085
6,945
-126
732
51
97
78
26
108
-44
150
162
51
-149
163
261
33
-172
134
130
30
74
-71
195
178
56
7,598
1,528
5,284
105
30
970
122
320
349
358
14,515
540
488
1,797
234
700
924
1,969
284
815
510
1,128
591
2,437
368
1,010
133
2,083
304
938
809
2,170
326
342
1,749
403
345
116
3,059
3,877
3,690
4,244
4,524
3,568
2,613
189
178
50
124
259
225
106
141
327
261
120
156
332
286
143
181
337
350
183
207
249
419
147
148
295
1,016
394
83
HI
732
866
943
1,076
963
1,788
2,024
1,036
1,026
856
242
2,071
1,153
864
921
280
2,049
1,263
2,017
2,886
954
961
266
2,034
1,532
559
1,030
259
279
104
864
144
675
506
185
5,184
5,287
5,266
5,414
5,403
3,999
2,319
31
674
170
*
2,061
33
797
427
7
Education:
Assistance for elementary and secondary education £/,
Assistance for higher education 6/
Assistance to science education and basic research...
Other aid to education 5_/
701
702
703
704
Total education
Veterans benefits and services:
Veterans' service-connected compensation 7/
Veterans nonservice-connected pension 8/7
Veterans' readjustment benefits
Veterans' hospitals and medical care
Other veterans' benefits and services 8/
1
'
Total veterans' benefits and services
Footnotes at end of table.
801
802
803
804
805
(Continued on following page)
725
1,635
388
1,084
.
May 1961
BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions
(Fiscal years;
In million:; of dollar
)
-
(Continued)
Treasury Bulletin
10
TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 1.- Summary of Trust Account and Other Transactions
(In millions of doli
j
..
May 1961
11
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 3.- Trust and Deposit Fund Account Expenditures
(In millions of dollars; nega'
•;
are excess of credits)
Trust accounts,
or month
1955
1956
Federal Old-Age
and Survivors
Insurance Trust
Fund \J
1957
1958
1959
1960
1961
1962
4,436
5,485
6,665
8,041
9,380
11,073
11,752
13,270
1963 (Est.)...
1964 (Est.)...
Federal
Disability
Insurance
Tru3t Fund
Railroad
Retirement
Account
Unemployment
Trust
Fund
746
1,089
585
611
682
730
778
1,136
1,124
1,135
1,965
1,393
1,644
3,143
3,054
2,736
4,734
3,906
14,518
15,331
1,246
1,319
1,112
1,099
1962-July
August...
September
1,146
1,157
1,157
93
94
93
83
October.
November.
December.
1,173
1,167
1,163
98
96
98
89
101
1963-January.
February.
March. ..
1,114
1,182
1,199
1,209
April
National
Service Life
Insur :
Fund
Ua
retl
84
87
86
120
80
83
3,750
3,770
792
488
205
204
218
43
90
213
240
280
50
45
39
5
165
98
102
90
101
91
418
748
422
279
18
41
41
5
100
>.
359
J3
181
•<,.
56]
J
J
99
88
V
l
Fund
funds
538
512
515
544
562
582
707
626
1
i-jnal
•jnent
Life
Insur
Fund
V
430
507
591
699
792
966
1,512
2,613
2,945 2/
94
955
96
1,063
2,620
2,784
78
58
1,226
1,354
3,000
3,391
53
10
94
52
7
4
96
5
6
95
98
95
95
I
pig*
-
.
-_J
Lng
ty
T"
>j
.
it-
9
-93
-94
41
929
3
102
-42
42
-16
-73
250
485
-64
317
279
I
30
»
-33
-5
25
349
12
308
-16
3
267
-51
-11
94
95
98
220
-1
84
100
173
8
-49
-57
-119
-151
63
-169
.
Treasury Bulletin
12
TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 4.- Net Investment by Government Agencies In Public Debt Securities
(In millions of dollars; negative figures are excess of sales)
Trust accounts
Fiscal year
or month
Total 1/
Total
trust
accounts
2/
1,362
2,617 57
2,300
197
-1,112
1955
1956
1957
1958
1959.
714
435
435
1960
1961,
1962
1,236
2,516
2,263
106
-1,214
548
286
244
Federal
Old-Age and
Survivors
Insurance
Trust Fund
1,241 4/
1,463
220
-499
-1,290
-726
-225
-1,089
Federal
Disability
Insurance
Trust Fund
Railroad
Retirement
Account
141
121
-1
-16
-16
-56
-17
-21
-35
-44
548
803
671
958
871
1,063
1,034
404
418
-393
-428
233
202
939
985
224
-91
-2
55
-15
32
-16
Federal
intermediate credit
banks j/
3H
Other
trust
accounts
14
8V
99
28
293
519
-111
192
-26
-9
-72
-6
-55
-79
622
-109
-10
-7
-9
-6
-4
-3
63
41
-66
-20
-67
-126
286
-118
-5
-3
-5
-4
-2
-41
-90
22
64
-5
47
5
-10
-296
-15
-3
-4
70
61
47
17
69
69
12
-168
-226
-2
-2
-L4
-216
-5
95
100
20
-1
-104
-145
-992
1,470
-572
-1,013
1,449
-520
-852
-67
752
-369
45
-4
October.
November
December
-796
382
-626
-847
-655
-46
369
135
-612
-386
-4
-72
1963-January.
February,
March.
-1,396
452
-43
-1,433
446
-39
-881
337
-69
10
55
-2
-47
-32
-20
-616
-621
-526
-15
-78
April.
72
73
135
89
95
76
62
-44
44
-545
258
274
-1,255
-1,011
-41
-952
Highway
Trust
Fund
120
79
1962-July
August .
September
Federal
employees'
retirement
funds
-33
-35
264
-78
-63
36
-734
773
2,077
Government
Life
Insurance
Fund
325
729
552
494
285
21
478
1,703
1963 (Est.)..
1964 (Est.)..
National
UnemployService
ment
Life
Trust
Insurance
Fund
Fund
5
4
74
36
-100
45
72
41
66
53
3
1
..
'
'
May 1961
13
TEUST ACCOUNT AND OTHER TRANSACTIONS
Table 5.- Net Redemption or Sale of Obligations of Government Agencies In the Market
(In millions of dollars; 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 1/
Total
guaranteed
Federal
Farm
Mortgage
Corporation
Federal
Housing
Administration
Home
Owners
Loan
Corporation
Public enterprise funds
enterprise
fund
D.
C.
stadium
fund
Total not
guaranteed
i/
-602
-173
-1,085
-567
-71
-1,023
733
-658
37
-30
-33
6
-10
-29
-100
-204
-10
-28
-81
-204
-639
-144
-1,052
-573
-61
-994
833
-454
-357
-459
-141
71
-141
71
-216
-530
1962- July
August. .
September
119
-46
-41
-3
-22
-18
-3
-22
123
-24
-24
October.
November.
December.
-10
1
1
-3
42
-16
-15
-16
-15
1963-January.
February.
March. . .
39
17
-13
-10
209
-7
-13
-10
-7
27
217
70
-14
-14
84
1955
1956
1957
1958
1959
1960
1961
1962
1963 (Est.)
1964 (Est.)
April.
..
37
-30
-33
6
-18
-11
13
57
52
Federal
intermediate
credit
banks 2/
Federal
National
Mortgage
Association ,2/
-69
-44
136
-570
-233
6
797
Home
Owners
Loan
Corporation
.
.
'
u
Treasury Bulletin
TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 6.- Intertrust Fund Transactions Excluded from Both
Net Trust Account Receipts and Net Trust Account Expenditures
(In millions of dollars)
Fiscal year
or month
Federal
Old-Age and
Survivors
Insurance
Trust Fund \J
Federal Disability
Insurance
Trust
Fund 1/ 2/
Railroad
Ret irement
Account
1/
3/
1955
1956
1957
1958
1959
1960
1961
1962
124
600
332
361
1963 (Est.)...
1964 (Est.)...
385
386
Unemployment
Trust
Fund 4/
Federal
employees
retirement
funds 5/
District
of
Columbia 6/
10
7
3
16
3
12
5
3
2
9
10
10
86
32
13
211
132
101
37
12
12
10
11
135
908
515
528
12
13
52
13
29
29
12
12
491
454
1
6
1962- July
August ...
September
1
1
1
1
12
October.
November.
December.
1
1
1
14
1
12
1
196 3- January..
February.
March.
April.
1
1
1
4
13
1
1
. .
Source:
See Table 1.
1/ Payments are made between the Railroad Retirement Account and the
Federal Old-Age and Survivors and Federal Disability Insurance trust
funds so as to place those funds in the position in which they
would have been if railroad employment after 1936 had been included
under social security coverage.
2/ Includes interest on amounts reimbursed to the Federal Old-Age and
Survivors Insurance Trust Fund for administrative expenses.
2/ Includes temporary advances to the Railroad Unemployment Insurance
Account in the Unemployment Trust Fund when the balance in the
£/
j>/
6/
*
account is insufficient to meet payments of benefits and refunds due
or to become due.
Repayment of advances plus interest to the Railroad Retirement Account.
See footnote 3.
Transfers from the Civil Service Retirement and Disability Fund to
the Foreign Service Retirement and Disability Fund.
Contributions and beginning with 1958, transfers of deductions from
employees' salaries to the Civil Service Retirement and Disability
Fund.
Less than $500,000.
. . .
May 1961
15
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 7.- Federal Old-Age and Survivors Insurance Trust Fund
V
(In millions of dollars)
Expenditures other than investments
Receipts
Fiscal year
or month
Total
2/
Appropriations
1/
Deposits by
States 4/
Net earnings
on investments
6,856.0
2,627.5
3,275.6
4,333.1
5,360.8
6,514.6
7,874.9
9,049.1
10,269.7
11,184.5
12,657.8
124.4
600.4
331.7
360.8
516.3
519.4
14,518.3
15,330.6
13,865.0
14,648.0
385.0
386.0
5.6
3.6
265.5
-1.3
18.9
2.7
1,146.5
1,157.0
1,156.7
1,117.0
1,134.0
1,125.5
.3
21.7
23.5
191.0
1,172.8
1,166.6
1,163.2
1,149.
1,142,
1,134.
1.4
171.8
3.8
2.9
18.9
3.5
1,113.5
1,182.5
1,198.9
1,144.
1,156.
4,603.9
7,415.3
2,138.2
386.6
438.9
438.0
487.5
555.3
555.4
543.0
516.4
530.2
539.0
12,289.0
13,884.0
973.0
1,100.0
409.2
1,848.4
840.4
400.0
1,564.0
839.0
October. .
November.
December.
519.7
1,255.6
743.3
492.8
1,039.0
552.0
5.2
193.1
1963-January.
February.
March.. ..
166.7
1,825.7
1,231.9
160.0
1,635.0
1,224.5
112,065.5
99,987.3
24,000.1
4,483.3 6/
5,039.8
5,534.8
6,937.4
7,100.6
7,824.4
8,108.7
10,360.0
11,823.9
12,011.0
21,819.9
4,053.3 6/
4,496.8
4,988.6
6,270.8
6,243.0
6,794.9
7,084.0
9,192.4
10,537.2
10,600.0
1963 (Est.)
1964 (Est.)
13,780.8
15,568.9 2/
1962- July
August ....
September.
1937 to date §/
11.6
9.6
7.4
5.2
1.6
35.4
1937-52.
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
October. .
November.
December.
i2/
16,600.0
18,366.4
20,042.6 1
21,141.0
22,593.1
i, 28.9
22,812.6
21,541.4
20,828.7
20,900.3
19,641.1
16,273.1
17,817.6
19,339.9
20,580.5
22,043.0
22,263.3
21,764.2
20,474.4
19,748.8
19,523.5
18,434.7
327.1
548.8
702.8
560.5
550.1
765.6
1,048.4
1,067.0
1,079.9
1,376.8
1,206.5
1.6
11.6
12.5
1.8
3.1
-9.1
-17.5
-28.8
-33.2
-60.3
2.9
2.3
49.8
52.3
278.6
313.3
-62.9
-71.3
-737.5
238.3
18,903.6
19,141.9
17,700.3
17,779.6
1,203.3
1,362.2
.2
.2
.2
3.5
3.8
-737.3
691.4
-316.3
18,903.9
19,595.3
19,278.9
17,582.6
18,334.2
17,965.6
1,321.3
1,261.1
1,313.3
6.6
25.8
19.1
24.4
3.4
3.4
3.7
20.2
20.3
25.3
-653.1
89.0
-419.9
18,625.8
18,714.8
18,294.9
17,310.9
17,446.1
17,060.0
1,314.9
1,268". 7
1,234.9
4.2
4.0
4.0
28.0
21.5
24.0
-62.9
-946.8
643.3
33.0
17,348.1
17,991.4
18,024.3
16,178.9
16,516.1
16,570.7
1,169.2
1,475.2
1,453.6
-211.8
18,024.3
18,024.3
1,453.6
1,856.9
,571 .7
668.7
.2
.3
.1
32.3
See Table 1.
Source:
.
predecessor Old-Age Reserve Account.
1/ Includes transactions under the
adminismillion transferred from general fund for
$15.4
includes:
Total
It
survivors of certain
trative and other costs of benefits payable to
beginning
World War II veterans (60 Stat. 979 and 64 Stat. 512);
recoveries from expendiNovember 1951, small amounts in the nature of
interest paytures incidental to the operations; and beginning 1958,
and sale of
from Federal Disability Insurance Trust Fund,
,.
2/
ments
10/
amounts for re funds of taxes
Beginning with the February 1963 Bulletin
deducted from receipts.
(formerly included under expenditures) have been
military service credits.
Includes «62.7 million proposed legislation,
l(
Includes adjustments to monthly statement basis.
._...,,
the Bureau (Public
Construction and equipment of office buildings for
Stat.
254)).
(67
1953
,
Law 170, approved July 31,
„., ,
U.S.C. 401(g) (D), for
Under the Social Security Act, as amended (42
related parts
administration of Titles II and VIII of that act and
480-482, 1400-1432). See
of the Internal Revenue Code (26 U.S.C.
e
ii/
P
1962. For basis,
lncludes Sappropriated receipts beginning January
footnote 9.
see "Budget Receipts and Expenditures," Table 1,
political subdivisions, under
To cover employees of States and their
U.S.U 41BJ.
the Social Security Act Amendments of 1950 (42
.
.
'
1/
Unexpended
balance
Investments
16,600.0
1,766.3
1,675.5
1,098.4
1,452.1
435.8
-216.3
-1,271.2
-712.7
71.6
-1,259.2
1963-January...
February.
March
1937 to date
Reimbursement (-) from
Federal Disability Insurance Trust Fund 12/
Net increase,
or decrease
(.), in
assets
252.9
65.1
62.7
76.0
93.7
119.0
138.9
173.2
179.3
223.6
263.5
.3
1962- July
August ....
September.
Bureau of
0ASI 11/
1,417.4
291.1
24.4
26.0
27.1
30.7
30.9
34.5
39.0
39.4
43.8
45.3
.1
.1
1963 (Est.).
1964 (Est.).
Reimbursement
to general
fund 10/
90,277.8
Assets, end of period
Administrative expenses
Construction 9/
1,170.9
94,041.2
Expenditures, etc. - (Continued)
Fiscal year
or month
Benefit Payments to Railpayments road Retirement
Account 2/
Total
7,400.1
2,717.0 6/
3,364.3
4,436.5
5,485.3
6,664.8
8,040.7
9,379.8
11,072.7
11,752.3
13,270.2
26.6
43.3
92.4
98.6
171.6
296.8
472.1
481.1
650.3
755.4
869.6
1937-52.
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
Payments from
Railroad Retirement Account 5_/
12/
12/
Survivors Insurance
Salariefana exP'enses of the Bureau of Old-Age and
provisions
the trust fund beginning 1947, under
are paid directly from
passage of the Social Security
of annual appropriation acts until
previously these
Act Amendments of 1956 (42 U.S.C. 401 (g)(1));
the general fund.
expenses were included In reimbursements to
as a reduction In
See Table 8. This reimbursement is treated
Old-Age and Survivors
administrative expenses paid from the Federal
(see footnote 2).
Insurance Trust Fund. Figures exclude interest
January 1962.
Includes unappropriated receipts beginning
Less than 150,000.
.
16
Treasury Bulletin
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 8.- Federal Disability Insurance Trust Fund
(In millions of dollars)
Receipts
Fiscal
y
r
month
Appro-
Total
bations
1/
338.6
942.5
928.7 7/
1,061.5
1,083.5
1,091.8
1958
1959
1960
1961
1962
1963 (Est.)
1964 (Est.)
1,U0.9
1962- July..
Aug...
Sept..
Expenditures other than investments
Deposits by
States
2/
333.3
862.9
836.9 2/
928.9
953.3
944.5
3.9
63.5
58.1
58.1
68.7
77.3
Payments
from
Railroad
Retirement
Account 2/
26.8
Interest
on
investments
1.3
180.8
361.1 7/
561.0
746.3
1,088.5
168.4
339.2
528.3
704.0
1,011.4
68.9
66.1
1,246.3
1,319.1
1,167.0
1,231.0
93.2
94.5
93.1
81.0
82.0
36.3
156.0
75.7
36.0
135.0
72.0
.1
.2
19.7
3.6
1.3
Oct...
Nov. .
Dec . .
44.1
107.7
80.8
43.2
90.0
48.0
1963- Jan...
Feb...
Mar...
18.0
141.2
85.0
17.7
126.0
83.6
13.9
1.1
6,191.5
5,511.4
385.5
#
16.9
32
26.8
267.8
Payments
Administrative:
to
Reimbursement toRailroad
FOASI
General
Retirement
fund
Trusl
Account 2/
Fund ij u.
-
Assets, end of period
Un-
Investments
expended
balance
6/
assets
11.0
9.4
18.0
29.5
34.1
62.5
1.3
3.0
3.9
3.1
3.1
3.7
337.3
761.7
567.6
500.6
337.2
3.3
337.3
1,099.0
1,666.6
2,167.2
2,504.4
2,507.7
325.4
1,054.5
1,606.9
2,100.9
2,385.6
2,406.1
11.9
44.5
59.7
66.4
118.8
101.5
10.0
10.0
3.9
74.0
4.0
-105.4
-142.2
2,402.3
2,260.0
2,301.6
2,157.0
100.7
103.1
92.9
94.3
92.8
-56.9
61.5
-17.4
2,450.8
2,512.3
2,494.9
2,338.9
2,383.8
2,379.3
111.8
128.5
115.6
98.5
96.1
97.8
98.2
95.8
97.4
-54.4
11.6
-16.9
2,440.5
2,452.2
2,435.3
2,332.9
2,328.4
2,256.2
107.7
123.7
179.1
164.5
97.8
101.7
98.9
97.5
101.4
-146.6
43.4
-16.7
2,288.7
2,332.1
2,315.4
2,187.4
2,197.8
2,195.8
101.3
134.3
119.5
3,876.1
3,620.5
2,315.4
2,315.4
2,195.8
119.5
Source:
See Table 1.
1/ Includes unappropriated receipts beginning January 1962.
For basis,
see "Budget Receipts and Expenditures," Table 1, footnote 10.
2/ To cover employees of States and their political subdivisions under
the Social Security Act (42 U.S.C. 418).
See Table 9.
For appropriate share of administrative expenses paid from the trust
i
Benefits
pay-
1.4
16.1
33.7
47.6
61.5
70.0
991.0
1,176.8 8/ 1,028.0
1957 to date..
Total
Net
increase,
or decree se
(-), in
%/
6/
2/
8/
5.1
65.3
16.2
218.8
20.7
fund during the preceding fiscal year, as determined by the Secretary
of Health, Education, and Welfare (42 U.S.C. 401(g) (1)).
Payments
include interest.
For amounts paid from the general fund (42 U.S.C. 401(g) (1)).
Includes unappropriated receipts beginning January 1962.
See Table 7, footnote 6.
Includes $.7 million proposed legislation, military service credits.
Table 9.- Railroad Retirement Account
(In millions of dollars)
.
May 1961
17
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 10.- Unemployment Trust Fund
(In millions of dollars)
Expenditures other
than investments
Receipts
Employment security program
State
accounts
year
or month
1/
Deposits
by
States
Railroad unemployment insurance
Employment Security Admin.
Account 2/
Railroad Unemployment
Insurance Account 6/
Federal Federal
UnExtended
employ- CompenAdvances ment
sation
from
Account Account
general
fund
Appro-
u
bations
2/
1936-52
1953...
1954...
1955...
1956...
1957...
1958...
1959...
1960. .
1961...
1962...
1963 (Est
1964 (Est
1962-July.
Aug.
Sept
19,209.9 11/ 16,447.3
1,593.8
1,371.1
1,492.5
1,246.0
1,425.4
1,146.2
1,728.1
1,330.1
1,912.0
1,541.7
1,855.5
1,500.7
1,700.6
1,997.4
2,167.0
2,703.3
3,803.3 12/ 2,398.1
3,985.4
2,728.6
4,041.8
4,288.0 14/
*
2,775.0
945.3
2,770.0 1,098.3
498.1
332.9
51.5
34.9
Deposits
by R. R.
Retirement
Board
u
85.3
4.9
4.2
1.6
3.6
3.2
71.1
90.4
2.6
344.4 12/
452.6
Interest
and
Transfers
Deposits profits
from
R. R.
by R. R. on
adminRetireGeneral istration Retire- investment
ment
ments
fund
fund
Account
Board
2/
8/
-86.4
102.0
153.0
152.7
147.1
183.7
132.3
101.5
152.0
158.0
52.0
35.0
188.1
752.1
88.5
185.2
729.0
19.3
35.0
7.0
30.5
Oct.
Nov.
Dec.
162.2
489.0
153.0
115.5
431.5
17.5
32.0
34.0
33.0
1.0
4.8
27.2
12.4
1963-Jan.
Feb.
Mar.
208.9
819.9
124.6
67.3
295.3
16.7
35.0
-255.4
6.2
4.0
33.0
12.0
1,822.4
453.0
1936 to
date 16/.
44,693.9
7.9
8.9
8.6
8.1
13.0
7.0
8.-0
35,455.9 1,728.1
339.3
8
!
1.4
2/
1,653.1 10,535
202.8 1,009
224.4 1,744
199.1 1,965
198.9 1,392
224.8 1,643
230.9 3,148
186.9 3,053
188.1 2,736
204.5 4,733
172.6 3,906
,9
11/
,8
,9
,4
4-
11
9,920.9
912.6
1,604.8
1,759.5
1,287.0
1,510.7
2,926.4
2,796.9
2,366.3
3,552.0
2,818.8
1.6
3.1
1.5
204.7
203.5
218.3
188.6
191.5
160.2
12.5
5.2
73.3
212.9
239.8
279.6
176.3
188.9
239.3
.5
418.2
747.7
422.1
338.3
317.5
315.6
3,792.3 38,830.2
33,584.5
.3
.1
.3
1.4
.3
.2
7.6
1.7
2.1
39.5
Employment
Security
Admin.
Account
With
drawalc
by
States
8.4
11.0
102.9
Total
195.9
216.3
.7
99.5
756.2
71.2
State
accounts
1/
Advances from-
917.0
15.0
17.8
14.2
27.6
64.3
167.8
71.2
33.5
Employment
security program
Admin,
fund 10/
3,750.0
3,769.6 1£/
2,697.6
2,550.0
1,071.6
1
.,.
Treasury Bulletin
18
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 11.- National Service Life Insurance Fund
(In millions of dollars)
Expenditures other
than investments
Receipts
Fiscal year
or month
Total
Premiums and
Transfers from
other receipts general fund
Interest on
investments
Total
Spec ia
Benefits
and refunds dividends
Net increase,
or decrease
(-), In
assets
Assets, end of period
Total
Investments
Unexpended
balance
5,255.6
5,304.3
5,301.0
5,353.7
5,491.0
5,190.6
5,249.5
5,272.5
5,345.6
5,481.1
65.0
54.8
28.5
8.0
9.9
5,583.
5,679.
5,751.
5,813,
5,773.
5,810.
5,570.3
5,665.3
5,741.5
5,803.1
5,759.4
5,803.5
11,229.0
636.6
619.3
590.5
649.3
5,511.1
397.7
390.8
405.5
410.2
4,406.9
84.0
72.1
27.8
78.4
1,311.1
154.9
156.4
157.2
160.7
5,973.4
588.0
622.6
537.8
512.0
512.0
5,255.6
48.7
-3.3
52.6
137.3
,
607.5
639.8
634.3
642.6
667.6
663.9
424.8
459.1
453.4
459.9
483.8
482.8
19.3
14.4
12.2
10.3
8.4
6.9
163.4
166.2
168.8
172.4
175.4
174.2
515.0
543.6
562.1
581.6
707.5
626.4
515.0
543.6
562.1
581.6
707.5
626.4
92.5
96.2
72.3
61.0
-39.8
37.5
1963 (Est.)....
1964 (Est.)....
681.2
680.2
497.2
499.2
9.6
8.6
174.4
172.4
792.0
488.3
792.0
488.3
-110.7
191.9
5,699.9
5,891.8
5,693.0
5,885.0
6.9
6.8
44.1
42.0
36.0
.5
September.
44.6
42.5
36.8
.7
52.7
52.0
43.4
52.7
52.0
43.4
-8.0
-9.5
-6.6
5,802.6
5,793.1
5,786.5
5,793.4
5,786.4
5,777.2
9.2
6.7
9.3
October. .
November.,
December.
43.4
39.1
35.3
42.9
38.6
34.8
.5
.5
.4
50.1
44.6
39.5
50.1
44.6
39.5
-6.
-5,
5,779.8
5,774.3
5,770.1
5,772.1
5,768.7
5,763.2
7.6
5.7
6.9
51.5
.6
.4
.4
3.5
38.0
41.3
47.5
37.5
40.9
279.2
40.7
40.7
279.2
40.7
40.7
-227
-2
5,542.5
5,539.8
5,540.4
5,537.7
5,535.8
5,533.8
4.8
4.0
6.6
17,952.9
10,243.2
4,745.3
2,964.4
12,412.5
12,412.5
5,540.4
5,540.4
5,533.8
6.6
1941-52
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1962-July
August .
. .
1963- January. .
February.
March
1941 to date.
.4
Source:
See Table 1.
Note:
This fund was established by the National Service Life Insurance
Act of 1940 (38 U.S.C. 720).
*
3,396.0
153.8
177.8
154.9
2,577.3
434.2
444.7
382.9
-4,
13.2
H.4
10.4
9.9
13.8
7.1
Less than $50,000.
Footnotes to Table 10
1/
2/
3j/
4/
$/
6y
2/
$/
State unemployment funds;used for benefit payments mainly. Beginning
August 1961, withdrawals by States have been reduced by reimbursements
to State accounts from Federal Extended Compensation Account.
Established by the Employment Security Act of 1960, approved September
13, 1960 (42 U.S.C. 1101(a)), into which are deposited tax receipts
transferred in accordance with the act (see "Budget Receipts and Expenditures," Table 1, footnote 12) and from which are paid the administrative expenses of the employment security program and reimbursement
for tax refunds. Previously the corresponding amounts were Included,
respectively, In budget receipts and budget expenditures, and only
the excess of receipts over expenditures, if any, was transferred
to the trust account by appropriation. Receipts consist of appropriated
and unappropriated transfers of tax collections. The Federal unemployment tax allows to the taxpayer credit for contributions to
State unemployment funds up to 90 percent of the tax.
Net of repayments.
Excess of collections from Federal unemployment tax over expenditures
for benefits and administrative expenses each year Is deposited In
this account to maintain a reserve of $200 million available for loans
to StateB when needed to replenish the balances in their accounts in
the trust fund. Beginning 1961, these transfers are from the administration fund in the trust account; previously they were from the
general fund. Any remaining excess Is credited to the State accounts
(42 U.S.C. 1101 - 1103).
Established by the act approved March 24, 1961 (42 U.S.C. 1105(a)),
which provides for a temporary program of extended unemployment
compensation payments.
For payment of benefits and refunds (45 U.S.C. 360). Figures exclude
interim advance of $15 million from the Treasury and subsequent
repayment, both In 1940.
Contributions under the Railroad Unemployment Insurance Act of 1938,
as amended (45 U.S.C. 360(a)), In excess of the amount specified for
administrative expenses (see footnote 8).
Temporary advances are made when the balance in the Railroad Unemployment
2/
10/
11/
12/
n/
-uj
15/
i£/
17/
Xg/
to/
20/
«
Insurance Account 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
yfj per annum, pursuant to an act approved May 19, 1959 (45 U.S.C.
360(d)).
Excess, if any, over specified balance at end of year is transferred
to the account (45 U.S.C. 361(d)).
Consists of a specified proportion of contributions deposited in the
fund to be available for administrative expenses. The Railroad Unemployment Insurance Administration Fund was established in the Unemployment Trust Fund pursuant to the amending act of September 6,
1958; before that the administration fund was a separate trust fund
(45 U.S.C. 361).
Total includes $107.2 million transferred from State accounts to the
Railroad Unemployment Insurance Account in connection with its
establishment (45 U.S.C. 363).
Beginning fiscal 1961 refunds of taxes (principal only) are reported
as deduction from receipts.
Interest paid on refunds of taxes is
included under expenditures J See footnote 17.
Beginning April 1962 total includes repayments to general fund for
advances to the Railroad Unemployment Insurance Account. Estimates
include $10.8 million for 1963 and $6.7 million for 1964.
Total includes $2.0 million for proposed legislation.
Total Includes repayment to Treasury of $98.5 million, temporary unemployment compensation (1958 act), and $170.0 million for proposed
legislation.
Includes adjustments to monthly statement basis.
Includes small amounts for interest on refunds of taxes.
Excludes adjustment pursuant to the act of September 6, 1958 (45 U.S.C.
361 (a)); see footnote 19.
Includes an adjustment of $7.2 million pursuant to the act of September
6, 1958 (45 U.S.C. 361 (a)); see footnote 10.
Includes unappropriated receipts beginning September 1960.
Less than $50,000.
.
:
May 1961
19
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 12.- Investments of Specified Trust Accounts In Public Debt Securities
by Issues as of March 31, 1063
,
(In millions of dollars)
Federal Old-Age
and Survivors
Insurance Trust
Fund
Issue
Public issues:
Treasury notes:
4-7/8*
5
4-7/8
4-5/8
Treasury bonds:
2-1/2*
2-1/2
3-3/4
Series
Series
Series
Series
C-1963.
B-1964.
C-1964.
A- 1965.
15.0
25.0
38.5
1964-69 (dated 4/15/43).
1964-69 (dated 9/15/43).
1966
22.2
33.0
3-5/8
2-1/2
3-3/4
1967
1967-72 (dated 10/20/41).
1968
34.2
3-7/8
1968
1969 (dated 8/15/62)..
1969 (dated 10/1/57)..
17.4
20.0
57.5
1971
1971
1972 (dated 9/15/62)..
100.0
4
A
3-7/8
4
A
A
3-7/8
4-1/4
3-1/4
3-1/2
4
3-1/4
4-1/4
4
3-1/2
3
3-1/2
2-3/4
27.7
7.0
1972 (dated 11/15/62).
1974
1975-85
32.5
25.0
1978-83
1980
1980
60.2
449.4
153.1
1985
1987-92
1988-93
25.7
10.0
1990
1995
1998
Investment Series B-1975-80.
556.2
85.2
552.0
1,064.9
3,411.9
Total public Issues.
Special Issues:
Certificates:
3-1/8*
3-1/4
3-7/8
Series 1963.
Series 1963.
Series 1963.
519.3
Notes:
2-5/8*
3-3/4
3
Bonds
2-1/2*
2-5/8
3-3/4
3-3/4
Series 1964 and 1965.
Series 1964 to 1967.
Series 1964 to 1967..
Series
Series
Series
Series
1965
1965
1967
1975
Total special issues
Net unamortized premium and discount.
Accrued interest purchased
Total investments
to 1968..
to 1975..
to 1977..
and 1976.
2,847.6
8,572.0
1
Federal Disability
Insurance
Trust Fund
Railroad
Ret irement
Account
Unemployment
Trust Fund
20
Treasury Bulletin
CASH INCCME AND OUTGO
The cash Income and outgo data appearing In the Treas-
actions which are reDorted as both expenditures and recelpte
ury Bulletin, beginning with the February 1956 Issue, are
on a basis consistent with receipts from and payments to
obligation of the Government to make payments In the future
tho public ae derived In the 1957 and subsequent Budgets
of the United States (In the Budget for 1963 In Special
Analysis 3).
Reconciliation to cash deposits and with-
are excluded from both.
Noncash Items representing the
also are eliminated from expenditures but are added later
when actual payments are made. These Items consist of
certain interest accrued on the public debt, expenditures
drawals In the account of the Treasurer of the United States
Involving the Issuance of a few special public debt securi-
shown on the same basis as In the Budget documents.
There Is also shown the amount of net cash borrowing from,
ties, and clearing accounts.
Is
or repayment of borrowing to, the public.
By these arrange-
data In accordance with the Budget classifications
are made available month by month.
Figures for back years
ments,
Receipts from the exercise
of monetary authority are excluded ae not 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
have been revised where necessary In order to make them as
agencies and Government-sponsored enterprises through sales
nearly comparable with current Budget classifications ae
available data will permit. For this reason certain of the
figures differ somewhat from those published In earlier
of their own securities.
public.
Budget documents as well as In the Bulletin.
public Is reflected In changes In the balance In the Treas-
The Bureau of the Budget series of cash transactions
It excludes changes In the public
debt which do not represent direct cash borrowing from the
The net effect of all these transactions with the
urer's account and In cash held outside the Treasury.
Is designed to provide Information on the flow of money
between the public and the Federal Government ae a whole,
and therefore Includes transactions not cleared through
of the Budget series,
the Treasurer's account.
actions which affect the balance In that account.
Receipts and payments Include
transactions both In budget accounts and In tru6t and deposit fund accounts. Operations of Government-sponsored
enterprises are Included In payments on 3 net basis ae reflected In Treasury reports.
Table
Cash transactions through the Treasurer's account are
similar In general concept to those Included In the Bureau
but are limited In coverage to trans-
the public In the Bureau of the Budget series.
Major lntragovernmental trans-
1,
On the
other hand, they Include receipts from the exercise of
monetary authority, which are excluded from receipts from
Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
May 1961
21
CASH INCCME AND OUTGO
Table
2.
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)
Treasury Bulletin
22
CASH INCOME AND OUTGO
Table 3.- Derivation of Federal Government Payments to the Public, and Reconciliation to
Cash Withdrawals from the Account of the Treasurer of the United States
May 196J
23
CASH INCCME AND OUTGO
Table 4.- Intragovernmental Transact ions Excluded from Both Receipts and Payments
(In millions of dollars)
Period
Treasury Bulletin
24
CASH INCOME AND OUTGO,
Table 5.- Accrued Interept and Other Noncash Expenditure? Excluded from Payments
(In millions of dollars)
May 1961
25
CASH INCOME AND OUTGO
Table 6.- Derivation of Federal Government Net Cash Debt Transactions with the
Public
and Reconciliation to Net Cash Debt Transactions through the Account of the
Treasurer of the United States
Treasury Bulletin
26
CASH INCOME AND OUTGO
Table 6.- Derivation of Federal Government Net Cash Debt Transactions with the Public,
and Reconciliation to Net Cash Debt Transactions through the Account of the
Treasurer of the United States - (Continued)
(Net borrowing, or repayment of borrowing (-);
in millions of dollars)
May 1961
27
CASH INCOME AND OUTGO
Table 7.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)
Net cash transactions other than borrowing
Deposits and withdrawals (budget,
trust, and other accounts)
Period
Cash
.
28
Treasury Bulletin
ACCOUNT OF THE TREASURER OF THE UNITED 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.
The working cash of the Treasury Is held mainly In
Treasurer's accounts with Federal Reserve Banks and branches.
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 acoount as well as for the account of their
oustomers.
they are
The tax and loan account system permits the Treasury
restored by calling In (transferring) funds from the tax and
to leave funds In banks and in the communities In which they
loan accounts with thousands of commercial banks throughout
arise until such time as the Treasury needs the funds for Its
the country.
operations.
As the balances In these accounts become depleted,
Deposits to tax and loan aocounts occur In the normal
course of business under a uniform procedure applicable to
all banks whereby customers of banks deposit with them tax
In this way the Treasury Is able to neutralize
the effect of Its fluotuatlng operations on bank reserves
and the economy.
payments and funds for the purchase of Government securities.
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Seoretary
In most cases the transaction Involves merely the transfer of
of the Treasury for 1955,
pages 275-284.
money from a customer's account to the tax and loan account In
Table 1.- Status of the Account of the Treasurer of the United States
(in millions of dollars)
Assets
End of
fiscal
year or
month
Treasury operating balance
Available
funds in
Federal
Reserve
Banks
Tax and loan
accounts in
special
depositaries
Gold in
Trea sury
fund
Total
operating
balance
Silver,
coin, and
currency
Unclassified
collections,
etc.
429
337
222
303
375
335
441
8,092
6,769
10,509
81
173
391
167
57
76
76
251
178
310
373
367
363
161
155
162
58
74
244
93
4,612
6,549
7,491
182
197
91 4/
52
195
5,420
181
5,239
5,656
5,069
9,030
4,380
187
159
190
259
306
408
612
6,458
5,453
8,815
106
109
121
7,068
5,969
9,548
253
179
147
64
70
1961-December.
465
5,157
118
5,740
181
1962- July
August . .
September
390
478
400
5,089
7,210
7,919
120
125
116
5,600
7,813
8,435
165
165
October.
November.
December.
513
585
597
5,131
5,728
6,092
130
116
126
5,774
6,428
6,814
1963-January.
February.
March....
821
841
909
3,678
5,580
6,466
112
128
116
April....
952
4,340
127
1960
1961
1962
504
535
depositaries
Total
assets
6,362
6,712
6,037
9,990
5,451
493
501
489
401
101
380
522
498
410
Liabilities
In other
343
421
302
287
273
4,365
4,633
4,082
8,218
3,744
1955
1956
1957
1958
1959
In Federal
Reserve
Banks in
process of
collection
Source:
Daily Treasury statement.
l/ Includes reserves and other deposits of the Board of Trustees, Postal
Savings System, and uncollected Items, exchanges, etc,, through
December 1962. Effective January 1963 balances of the Postal Savings
System funds were transferred to deposit fund accounts and became
demand obligations of the Treasury. Balances of these funds, therefore, are no longer liabilities within the general account of the
Treasurer. Uncollected items, exchanges, etc., also previously shown
as liabilities were combined with "Unclassified collections, etc." shown
under assets. Post Office Department and postmasters' disbursing
accounts also are included through November 1954.
(See footnote 2).
Treasurer's checks outstanding are Included through June 1958, after
which they are included in the balance in the Treasurer's account.
(See footnote 3).
g/ Beginning December 1954, Post Office Department and postmasters'
93
37
37
49
63
58
500
438
440
365
1/
Balance In
account of
Treasurer
of U. S.
K6
2/
166
447
240
100
2/
87
6,216
6,546
5,590
9,749
5,350
75
79
10,430
6,566
72
6,494
6,446
8,599
9,350
66
69
81
6,380
8,530
9,268
234
351
341
284
6,589
7,212
7,586
71
103
77
6,518
7,109
7,509
55
240
278
211
361
370
299
5,485
7,446
8,252
5,485
7,446
8,252
79
515
385
6,579
6,579
2/
ij
2U
y
8,005
6,694
disbursing accounts are not treated as liability accounts of the
Treasurer of the United States, but are classified and treated 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 -$207 million In the balance
In the Treasurer's account (and in the "clearing account") reflects
this change.
Through June 1958, the balance of the Treasurer was reduced when
Treasurer' s checks were issued and the amount of the checks was
carried as a liability until paid. Effective July 1958, the balance
is not reduced until the checks are paid, a procedure also applying
to checks drawn on the Treasurer by Government disbursing officers
and agencies.
Amounts shown, beginning January 1963, are net of uncollected items,
exchanges, etc. Previously these items were included under liabilities.
.
May
196)
29
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table 2.- Analysis of Changes In Tax and Loan Account Balances
(In millions of dollars)
Credits
Proceeds from sales of securities
Fiscal year
or month
Savings
bonds
Retirement
plan
bonds
Tax
anticipation
securities
Balance
Taxes
1/
Withheld
and
excise 2/
Other
During period
Income (by
special
arrangement ) 2/
Total
credits
Withdrawals
End of
period
High
Average
1955
1956
1957
1958
1959
-4,424
3,810
2,976
2,824
2,668
5,977
6,035
5,043
2,922
7,581
8,167
786
6,568
13,513
13,164
20,538
23,897
26,709
27,881
29,190
2,967
4,611
4,152
7,903
5,919
42,074
39, 140
45,448
55,044
58,520
42,545
38,871
46,000
50,908
62,994
4,365
4,633
4,082
8,218
3,744
7,299
5,486
6,078
8,869
8,055
1,910
1,103
813
1,078
912
3,991
3,373
2,987
3,246
3,638
1960
1961
1962
2,679
2,787
2,725
7,784
7,613
5,898
7,920
1,788
3,774
33,059
34,511
37,519
6,053
6,521
57,496
55,842
56,438
54,782
56,847
53,076
6,458
5,453
8,815
6,458
7,653
8,889
1,390
1,161
1,531
4,103
4,151
4,457
9,U2
1961-Dec ember.
225
3,491
1,539
5,256
5,029
5,157
5,512
2,171
3,869
1962- July
August.
227
211
1,514
4,557
3,986
61
1,312
1,803
6,758
5,479
5,528
4,637
4,770
5,089
7,210
7,919
8,743
7,631
7,919
5,089
4,007
4,452
6,335
5,883
6,201
1,354
4,242
3,933
4,553
4,438
5,738
7,342
3,841
5,374
5,131
5,728
6,092
9,487
1,596
5,824
6,188
5,131
4,056
2,735
6,849
5,012
4,560
4,206
3,152
5,388
3,678
5,580
6,466
5,886
5,580
6,746
3,458
3,569
2,656
4,095
4,351
4,823
3,882
4,340
5,648
2,535
3,497
.
1,989
September
180
October.
November.
December.
200
196
209
1963-January.
February.
March....
317
243
231
1,432
4,810
4,281
1,763
1,793
5,053
6,275
237
1,488
30
1,755
April...
.,
1
2,963
Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U. S. 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 terms of the circulars inviting subscriptions to the issues.
Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows: Withheld income tax beginning
March 1948; taxes on employers and employees under the Federal
34
44
Source:
1/
2/
2/
*
Insurance Contributions Act beginning January 1950, and under the
Railroad Retirement Tax Act beginning July 1951; and a number of
excise taxes beginning July 1953.
Under a special procedure begun in March 1951, authorization may be
given for income tax payments, or a portion of them, made by checks
of $10,000 or more drawn on a special depositary bank, to be credited
This procedure is
to the tax and loan account in that bank.
followed during some of the quarterly periods of heavy tax payments.
Less than $500,000.
..
Treasury Bulletin
30
,DEBT OUTSTANDING.
Table 1.- Summary of Federal Securities
(In millions of dollars)
Matured debt and debt bearing no interest
Interest-bearing debt
Total outstanding
Public debt
End of
fiscal
year or
month
Total 1/
Public
debt 2/
Guaranteed
securities
Total
Public
debt
Guaranteed
securities
Special notes to - 5/
International
Total
Monetary
Fund
3/
1955
1956
1957
1958
1959
1960
1961
1962
274,418
272,825
270,634
276,444
284,817
286,471
289,211
298,645
274,374
272,751
270,527
276,343
284,706
286,331
288,971
298,201
1961-Dec ember.
107
101
111
140
240
444
271,785
269,956
268,592
274,798
281,944
283,380
285,911
294,886
271,741
269,883
268,486
274,698
281,833
283,241
285,672
294,442
44
74
240
444
2,634
2,869
2,042
1,646
2,873
3,090
3,300
3,759
2,633
2,868
2,042
1,646
2,873
3,090
3,299
3,759
43
73
106
101
110
139
349
438
1,567
1,742
1,068
618
1,979
2,238
2,496
2,667
589
666
529
597
476
445
International
Development
Association
InterAmerican
Development Bank
Other
444
430
417
407
58
115
55
396
484
296,499
296,169
330
293,019
292,689
330
3,480
3,480
463
2,388
115
25
488
298,324
302,312
.'"'."*;
297,876
301,842
299,498
448
470
487
294,363
298,372
296,057
293,918
297,904
295,571
445
468
486
3,960
3,939
3,929
3,958
3,938
3,927
343
342
332
2,962
3,002
3,002
115
115
115
55
55
55
483
423
423
October.
November.
December.
302,553
305,893
303,988
302,067
305,390
303,470
486
298,630
301,886
299,726
298, 145
301,384
299,209
485
502
517
3,923
4,007
4,262
3,922
4,006
4,261
297
299
551
3,002
3,012
3,012
115
173
151
85
503
518
100
125
422
422
422
February.
March. . .
303,948
305,179
303,541
303,417
304,638
302,993
531
541
548
299,858
301,107
299,525
299,332
300,571
298,978
526
537
547
4,090
4,072
4,016
4,085
4,068
4,015
393
391
354
2,995
2,980
2,965
151
151
151
125
125
125
421
421
420
April.
303,728
303,166
562
299,750
299,189
561
3,978
3,977
298
2,981
151
125
421
196 3- January.
.
..
Daily Treasury statement.
Source:
For
Includes certain obligations not subject to statutory limitation.
\J
amounts subject to limitation, see page 1.
2/ Includes debt incurred for advances to certain wholly owned Government
agencies in exchange for which their obligations were issued to the
Treasury (see Table 6).
^/ Held outside the Treasury.
y
477
460
1962-July
August .
September
.
Guaranteed
securities
(matured)
6/
Consists of Federal Housing Administration debentures, and also D. C.
Armory Board stadium bonds beginning July 1959.
Special notes of the United States issued to the International Monetary
Fund, the International Development Association, and the Inter-American
Development Bank in payment of part of the U. S. subscription to each.
For current month detail, see "Statutory Debt Limitation," Table 2.
*
Less than $500,000.
4/
£/
Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts In millions)
May 1961
31
.DEBT OUTSTANDING.
Table 3.- Interest-Bearing Public Debt
(In millions of dollars)
Public issues
Marketable
Total
interestbearing
public
debt
Total
public
issues
1957
1958
1959
271,741
269,883
268,486
274,698
281,833
228,491
224,769
221,658
228,452
237,078
155,206
154,953
155,705
166,675
178,027
1960
1961
1962
283,241
285,672
294,442
238,342
240,629
249,503
1961-Dec.
292,689
1962-July
End of
fiscal
year or
Nonmarketable
Certificates
Notes
19,514
20,808
23,420
22,406
32,017
13,836
16,303
20,473
32,920
33,843
183,845
187,148
196,072
33,415
36,723
42,036
249,169
195,965
293,918
297,904
295,571
250,122
252,478
251,013
Oct.
Nov.
Dec.
298, L45
301,384
U.
S.
Treasury
bonds,
investment
series
Depositary
bonds
Foreign
series
securities 2/
Foreign
currency
series
securitles 2/
Special
issues
Treasury
bonds 1/
Total
savings
bonds
40,729
35,952
30,973
20,416
27, 314
81,128
81,890
80,839
90,932
84,853
73,285
69,817
65,953
61,777
59,050
58,365
57,497
54,622
51,984
50,503
12,589
12,009
11,135
9,621
8,365
417
310
196
17,650
13,338
13,547
51,483
56,257
65,464
81,297
80,830
75,025
54,497
53,481
53,431
47,544
47,514
47,607
6,783
5,830
4,727
170
117
138
860
75
44,899
45,043
44,939
43,444
5,509
71,526
75,486
53,205
47,458
5,074
154
450
46
43,520
196,870
199,295
197,951
42,838
43,637
42,236
13,547
20,399
17,849
65,477
75,008
77,197
79,762
53,252
53,183
53,062
47,653
47,697
47,717
4,713
4,646
4,574.
116
116
96
670
550
500
75
58,062
58,104
150
150
43,796
45,427
44,559
201,311
204,222
203,011
46,139
47,843
48,250
17,854
22,710
299,209
254,256
257,222
255,784
22,710
57,583
53,653
53,679
79,734
80,015
78,371
52,945
53,000
52,772
47,680
47,720
47,535
4,490
4,477
4,443
95
95
110
435
385
360
221
299
299
43,890
44,163
43,426
1963-Jan.
Feb.
Mar.
299,332
300,571
298,978
257,142
258,084
256,774
203,959
204,751
203,472
48,944
49,941
48,530
22,710
23,733
21,760
53,697
49,996
53,368
78,608
81,081
79,813
53,183
53,333
4,410
4,354
4,199
108
108
108
468
423
420
429
529
53,303
47,742
47,893
48,021
529
42,191
42,487
42,204
Apr.
299,189
257,585
204,323
49,430
21,760
53,042
80,091
53,261
48,113
3,978
105
458
577
41,604
month
1955
1956
Aug.
Sept
Total
Source:
Daily Treasury statement.
\J Includes $21 million of postal savings bonds for fiscal 1955, and $50 million
of Panama Canal bonds for fiscal years 1955-60.
2/ Consists of certificates of indebtedness and from January 1963 Treasury
notes sold to foreign governments for U. S. dollars.
2/
4/
Other
1,913
45, 114
46,827
46,246
44,756
171
183
Consists of the dollar equivalent of certificates of indebtedness and from October 1962 Treasury bonds issued and payable in
designated foreign currencies.
Consists of Treasury savings notes (1955); Treasury bonds, Rural
Electrification Administration series beginning July 1960, and
retirement plan bonds beginning January 1963.
Table 4.- Average Length and Maturity Distribution of Marketable Interest-Bearing Public Debt
(In millions of dollars)
43,250
y
Treasury Bulletin
32
.DEBT OUTSTANDING.
Table 5.- Special Public Debt Issues to United States Government Investment Account*
(In millions of dollars)
End of fiscal
year or month
. .
'
May 1961
33
DEBT OUTSTANDING
Table 6.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Agriculture Department
Agency
for
End of
fiscal
year or
International
Development 1/
month
Commodity
Credit
Corporation
Rural
Electrification
Administration
1955.
1956.
1957.
1958.
1959.
1960.
1961.
1962.
16,175
20,049
22,731
21,859
25,343
25,636
26,011
28,634
1,209
1,213
1,198
1,188
1,164
1,138
1,107
1,062
7,608
11,190
13,383
12,528
12,874
12,704
11,534
12,990
2,207
2,343
2,519
2,728
2,923
Secretary:
Farmers
Home
Administration
programs
Housing and Home
Finance Agency
ExportImport
Bank of
Washington
Administrator
2/
Federal
National
Mortgage
Assocl
ation £/
Saint
Lawrence
Public
Housing
Administration
Seaway
Development
Corporation
Tenn.
Valley
Authority
Veterans'
Administration:
Direct
loan
program
1,310
1,239
1,205
1,528
1,937
1,636
1,698
1,830
130
165
282
476
730
977
1,213
1,567
1,966
1,954
1,741
1,502
2,351
2,338
3,202
3,167
61
38
41
35
27
29
32
32
97
584
733
780
3,155
3,332
3,484
162
151
265
256
323
369
456
854
112
118
121
121
3
14
16
48
491
Under
Defense
Produc-
tion
Act
of 1950
67
Other
U
930
1,180
1,330
1,530
1,002
1,144
1,294
1,723
1,950
1,970
1,964
1,976
14
11
21
18
22
21
22
22
1961-December.
27,527
1,093
11,952
3,423
695
2,000
1,356
3,333
30
121
1,530
1,971
22
1962- July
August ....
September.
27,836
27,516
27,912
830
830
830
12, 145
3,574
3,574
3,574
885
888
913
1,783
11,778
12,123
1,804
1,620
1,676
1,689
3,266
3,198
3,173
32
72
93
121
121
121
1,580
1,580
1,580
1,978
1,982
1,989
22
22
22
October...
November.
December.
28,550
28,484
28,748
829
829
818
12,598
12,451
12,884
3,654
3,654
3,572
961
988
973
1,806
1,841
1,680
1,730
1,746
1,778
3,133
3,139
3,166
44
41
83
121
121
121
25
25
25
1,640
1,640
1,640
1,987
1,987
1,986
22
22
22
1963-January.
February.
March. . ..
28,927
28,781
28,847
818
818
817
12,926
12,921
12,769
3,652
3,652
3,742
988
991
1,848
1,868
1,882
3,177
3,050
3,058
28
1,015
1,652
1,643
1,650
28
97
121
122
122
25
50
50
1,690
1,690
1,690
1,979
1,925
1,925
22
22
29
April.
29,040
817
13,017
3,742
1,040
1,700
1,935
2,876
58
122
50
1,730
1,923
29
1,7%
Source:
Daily Treasury statement.
Note:
These securities were issued to the Treasury in exchange for advances by the Treasury from public debt receipts under congressional
authorization for specified government corporations and other agencies
to borrow from the Treasury. Further detail may be found in the 1961
Annual Report of the Secretary of the Treasury, page 736, and the 1962
Combined Statement of Receipts, Expenditures and Balances of the United
States Government, page 514.
1/ And predecessor agencies. Beginning fiscal 1957 figures exclude notes
previously issued by the Administrator in connection with informational
media guaranties. The obligations for these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S.C. 1442), and the notes together with
others issued for the same purpose are included in "Other."
2/ Farm housing and other loan programs, and Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund).
2/ Includes securities transferred from the Reconstruction Finance Corporation, but excludes securities issued under the Defense Production
Act.
^/
^/
$/
7/
Consists of notes issued to borrow for: The urban renewal program
(formerly slum clearance program); college housing loans; and public
facility loans beginning fiscal 1956.
Consists of liabilities taken over by the Association from the
Administrator in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.C.
1719 (c), 1720 (d), and 1721 (d)) and also securities transferred
from the Reconstruction Finance Corporation.
Consists of notes of: The Administrator , General Services Administration, for defense materials procurement; the Secretary of Agriculture;
the Secretary of the Interior (Defense Minerals Exploration Administration); the Export-Import Bank of Washington through March 1962;
and the Secretary of the Treasury.
Consists of notes issued by the: Secretary of the Treasury; Small
Business Administration, fiscal years 1955-57; united States Information Agency for informational media guaranties beginning fiscal 1957
(see footnote 5); Secretary of Commerce (Maritime Administration) for
the Federal Ship Mortgage Insurance Fund fiscal years 1959-61, and
March 1963; Virgin Islands Corporation beginning fiscal 1960; and
District of Columbia Commissioners for the Stadium Sinking Fund
beginning June 1962.
,
1
.
Treasury Bulletin
34
.DEBT OUTSTANDING.
Table 7.- Interest-Bearing Securities Issued by Federal Agencies But Not
Guaranteed by the United States Government
(In millions of dollars)
Federal National
Mortgage Association
Banks for
cooperatives
End of fiscal
year or month
Federal
home loan
banks \/
Federa
intermediate
credit banks
Federal land
banks 2/ 37
Management
and liquidating issues
All other
issues
Tennessee
Valley
Authority
1955
1956
1957
1958
1959
2,876
3,889
5,013
5,423
6,708
110
133
179
199
284
929
738
456
992
793
834
924
1,159
1,456
1,061
1,322
1,552
1,646
1,888
570
570
570
797
797
100
100
1,050
1,165
1,290
1960
1961
330
382
430
1,259
1,055
1,797
1,600
1,723
1,855
2,137
2,357
2,550
797
1962
8,407
7,765
9,332
2,284
2,198
2,556
50
145
1961-December.
8,574
434
1,571
1,585
2,431
2,453
100
1962-July
August. .
September
9,593
9,865
9,883
430
482
474
2,108
2,233
2,257
1,936
1,950
1,930
2,550
2,596
2,596
2,435
2,458
2,481
145
K5
H5
October..
November.
December.
10,293
10,213
10,133
480
480
504
2,707
2,707
2,707
1,842
1,774
1,727
2,628
2,628
2,628
2,492
2,479
2,422
145
145
145
1963-January.
February.
March....
9,800
9,578
9,267
504
2,424
2,164
2,014
1,729
1,787
1,842
2,628
2,661
2,661
2,370
2,343
2,126
145
480
480
9,185
490
1,912
1,935
2,661
2,043
145
.
April
341
Office of Debt Analysis and agency reports.
Note:
The securities shown in the table are public offerings.
1/ The proprietary interest of the United States in these banks ended
in July 1951.
Source:
2/
J/
U5
145
The proprietary interest of the United States in these banks ended
June 1947.
Figures do not include securities which are issued for use as collateral
for commercial bank borrowing and not as a part of public offerings.
Includes small amounts owned by Federal land banks.
May 1961
35
STATUTORY DEBT LIMITATION.
The Second Liberty Bond Act (31 U.3.C. 757b), as amended
by an aot 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 (exoept guaranteed obligations
July
held by the Seoretary of the Treasury Jshall not exceed In the
$2 billion from March 13, 1962,
aggregate $255 billion outstanding at any one time.
The cor-
June 30, 196I, and March 13, 1962); and $23 billion from July
responding limitation In effeot under the aot of June 26,1946,
was $275 billion and that under the act of September 2, 1958,
1, 1962, through March 31, 1963, $20 billion from April 1
through June 24, 1963, $15 billion from June 25 through June
Obligations Issued on
30, 1963 (act approved July 1, I962).
was 3283 billion.
In addition, temporary Increases have been
authorized as follows: $6 billion from August 28, 1954, through
June 30, 1956 (aots of August 28, 1954, and June 30, 1955);
13 billion from July 1, 1956, through June 30, 1957 (aot of
July
June
9,
30,
1956); $5 billion from February 26, 1958, through
1959 (aot of February 26, 1958); $10 billion from
1959, through June 30, i960 (act of June 30,
1,
billion from July
30,
1,
1959); $8
i960, through June 30, 1961 (act of June
i960); $13 billion from July 1, 1961, and an additional
through June 30, 1962 (acts of
a dlsoount basis and subject to redemption prior to maturity
at the option of the owner are Included In the statutory debt
limitation at current redemption values.
Table 1.- Statue Under Limitation April 30, 1063
(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. 757b), as increased temporarily by the act of July 1, 1962
305,000
Amount of securities outstanding subject to such statutory debt limitation:
U. S. Government securities issued under the Second Liberty Bond Act, as amended.
Guaranteed securities held outside the Treasury
302,797
562
Total amount of securities outstanding subject to statutory debt limitation.
303,359
Balance issuable under limitation
Source:
1,641
Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding April 30, 1063
(In millions of dollars)
Class of security
Public debt:
Interest-bearing securities:
Marketable:
Treasury bills
Certificates of indebtedness.
Treasury notes
Treasury bonds
Tota 1 marketable
Nonmarketable:
Foreign series:
Certificates of indebtedness
Treasury notes
Foreign currency series:
Certificates of indebtedness
Treasury bonds
U. S. savings bonds (current redemption value).
U. S. retirement plan bonds
*••••••
Depositary bonds
•
Trea sury bonds , investment series
Treasury bonds, R. E. A. 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 stamps.
Excess profits tax refund bonds
Special notes of the United States:
International Monetary Fund series
International Development Association series
Inter-American Development Bank 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:
Interest-bearing.
Matured
Total guaranteed securities
Source:
Daily Treasury statement.
Held outside the Treasury.
Not subject to statutory
debt limitation
«
Less than 500,000.
Total
outstanding
49,430
21,760
53,042
80,091
49,430
21,760
53,042
80,091
204,323
204,323
275
183
275
183
25
25
551
48,113
#
105
3,978
30
551
48,113
#
105
3,978
30
53,261
53,261
41,604
41,604
299,189
299,189
296
298
55
1
55
1
2,981
151
2,981
151
L25
125
191
191
117
117
59
59
3,312
366
3,678
302,797
369
303,166
561
561
Total public debt and guaranteed securities.
1/
Subject to statutory
debt limitation
1
1
562
562
303,359
369
303,728
36
May
196)
37
— PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public
Marketable Securities
Outstanding April 30, 1963
Other Than Regular Weekly Treasury Bills - (Continued)
(In millions of dollars)
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Amounts in millions of dollars)
Description of new issue
Issue date
Number of
days to
maturity 1/
Maturity
date
Amount of
bids
tendered
Amount of bids accepted
Total
amount
On competitive basis
On noncompetitive basis 2/
In
exchange
Amount
maturing on
issue date
of new
offering
Total of
unmatured
Issues outstanding after
new issues
Regular weekly bills:
91
183
2,220.0
1,339.5
1,301.1
800.5
1,092.1
759.3
208.9
41.2
133.4
53.3
1,300.5
700.2
16,919.
19,921.
I*
11
11
91
182
2,196.3
1,541.6
1,300.9
800.5
1,006.9
736.6
294.0
63.8
113.7
22.8
1,301.4
700.1
16,918.
20,021.
u
18
18
91
182
2,363.1
1,250.0
1,301.1
800.0
969.1
729.3
331.9
70.7
82.9
14.2
1,300.3
800.2
16,919.
20,021.
25
25
91
182
2,253.5
1,352.8
1,302.1
800.3
1,038.4
739.5
263.7
60.8
135.2
50.5
1,300.5
803.0
16,921.
20,018.
May
2
Aug.
1
91
182
2,035.4
1,197.2
1,300.5
800.0
1,067.1
751.2
233.4
48.8
82.2
21.5
1,301.1
800.4
16,920.
20,018.
May
9
Aug.
8
91
182
1,911.7
1,338.2
1,300.8
799.2
1,067.0
747.7
233.8
51.5
102.3
43.2
1,300.9
800.5
16,920.
20,016.
16
15
91
182
2,426.7
1,270.3
1,303.3
800.0
1,033.4
741.2
269.9
58.8
52.9
22.9
1,302.3
804.0
16,921.
20,013.
Aug.
23
22
91
182
2,343.9
1,496.4
1,300.3
800.4
1,051.1
746.6
249.2
53.8
126.6
42.4
1,300.1
799.9
16,921.
20,013.
May
31
Aug.
29
92
182
1,956.1
1,207.5
1,300.1
800.2
1,087.5
754.0
212.6
46.2
121.6
45.1
1,300.4
800.3
16,921. 2
20,013. 4i/
June
Sept.
6
5
91
182
1,981.0
1,406.8
1,301.3
800.5
1,069.9
751.1
231.4
49.4
122.3
59.5
1,300.3
800.4
16,922. 2
20,013. 5 J/
14
June 13
Sept. 12
91
182
2,042.1
1,428.7
1,300.4
800.3
1,034.1
743.1
266.3
57.1
103.5
18.6
1,300.7
800.7
16,921. 9
20,013.
Mar.
21
June 20
Sept. 19
91
182
2,335.9
1,305.4
1,301.3
800.6
1,019.0
736.5
282.3
64.1
175.6
54.3
1,301.0
800.6
16,922. 2
20,013.
Mar.
28
June 27
Sept. 26
91
182
2,132.5
1,458.7
1,300.8
800.0
1,053.9
749.6
247.0
50.4
147.3
54.0
1,309.1
700.1
16,914.
20,113.
July
Oct.
92
182
2,080.9
1,454.1
1,300.5
800.0
1,078.0
746.3
222.5
53.7
125.7
43.6
1,301.1
701.1
16,913.4
20,211.9
91
196 3- Jan.
Jan.
Jan.
3
10
17
Jan.
24
Jan.
31
Feb.
7
Feb.
U
Feb.
21
Feb.
28
Mar.
Mar.
7
Apr.
4p
Apr.
lip
Apr.
18p
Apr.
25p
1963- Apr.
July
Apr.
July
Apr.
July
Apr.
July
llay
Aug.
May
\u
oy
11
10
182
2,292.0
1,553.2
1,302.0
801.4
1,031.7
741.2
270.3
60.2
136.4
53.3
1,300.9
700.6
16,914.5
20,312.7
18
17
91
182
2,351.6
1,485.0
1,300.7
800.4
991.3
732.6
309.4
67.8
16.5
3.9
1,301.1
700.0
16.9U.2
91
182
2,258.6
1,670.4
1,300.2
801.1
1,057.1
739.2
243.1
61.9
93.3
33.4
1,302.1
Oct.
25
24
16,912.3
20,513.9
1963-Mar.
June
June
22
24
24
170
138
94
5,945.8
2,061.8
2,442.2
3,005.2
1,000.7
1,502.3
2,440.4
958.4
1,455.0
564.8
42.3
47.3
1963-Jan.
Apr.
July
Oct.
15
15
15
15
365
365
365
365
3,650.9
3,453.7
3,722.3
4,535.0
2,001.3
2,008.8
2,003.6
2,500.1
1,810.8
1,841.3
1,778.9
2,315.1
190.4
159.5
1964-Jan.
Apr.
15
15
365
366
5,244.4
4,047.6
2,496.2
2,500.8
2,252.9
2,310.0
July
Oct.
July
Oct.
July
20,413.1
Tax anticipation bills
1962-Oct.
1963-Feb.
Mar.
3
6
22
Other bills:
1962- Jan.
15
Apr.
July
15
15
Oct.
15
196 3- Jan.
Apr.
15
15p
3,005.2
3,005.2
4,005.9
2,502.9
185.1
138.7
80.1
16.3
190.0
1,501.7
2,000.5
2,003.5
2,003.5
8,008.7
8,009.0
8,009.1
8,505.7
243.2
190.7
38.6
84.1
2,001.3
2,000.8
9,000.6
9,500.6
224.7
Source:
Bureau of the Public Debt. Preliminary figures are from subscripissues, beginning June 11, 1959, tenders for $100,000 or less from
tion and allotment reports; final figures are on "clearance" basis in
any one bidder are accepted in full at average price of accepted
daily Treasury statement.
competitive bids; for other issues, the corresponding amount is
1/ The 13-week bills represent additional issues of bills with an original
stipulated in each offering announcement.
maturity of 26 weeks.
J/ Includes "strip" bills issued November 15, 1962.
2/ For 13-week issues, tenders for $200,000 or less, and for 26-week
(Continued on following page)
May
196)
39
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
-
(Continued)
.
)
Treasury Bulletin
40
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounts in millions)
Description of issue
195 7- January
February
February
February
February
Number of
days to
maturity
Maturity
Issue
date
date
31...
1957-May
7...
May
May
May
May
H...
21...
28...
9
16
23
31
March
March
U...
December
December
19...
26...
1958-March
March
20
27
2...
9...
16...
23...
April
April
April
April
10
17
24
1958-January
January
January
January
7...
June
June
6
13
3
March
13...
June
12
September
September
September
11...
18...
25...
December
December
December
11
18
October
October
October
October
October
2...
9...
16. .
23...
30...
November
November
6...
13...
December
11...
December
18...
December
26...
1959-January
2...
January
8...
January
15...
March
5...
March
12 2/
March
19...
March
26...
August
13...
August
20...
August
27...
1960-May
19...
May
26...
June
2...
1961-January
19...
January
26...
February
March
2...
30...
1959-January
January
January
January
January
26
2
8
15
22
29
February
February
March
13
June
11
March
June
5
12
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted 1/
New money
increase, or
decrease (-
)
May
196)
41
PUBLIC DEBT OPERATIONS.
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Continued)
(Dollar amounts in millions)
Description of issue
Number of
days to
maturity
Maturity
Issue
date
date
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted 1/
New money
increase, or
decrease (-)
(Percent
1961-April
1961-July
October
6
5
91
182
•1,916
1,048
•1,100
500
2.470
2.658
•99
April
July
October
13
13
91
183
2,000
1,118
1,101
500
2.361
2.556
100
May
August
November
3
2
91
182
2,087
950
1,101
500
2.299
2.417
100
May
August
November
10
1,877
1,115
1,101
500
2.232
2.423
101
9
91
182
91
182
1,916
960
1,100
500
2.200
2.385
99
91
182
1,821
934
1,100
600
2.321
2.617
100
1
July
October
1962- January
19
18
August
1961-November
1962-March
30
October
19
January
April
18
19
91
182
2,221
1,112
1,100
600
2.382
2.734
100
October
26
January
April
25
91
182
2,038
1,252
1,101
600
2.325
2.708
101
1962-February
1
February
15
February
March
23
May
3
2
91
182
2,213
1,334
1,201
600
2.706
2.939
101
August
17
16
91
182
2,030
1,195
1,200
600
2.759
2.952
100
102
May
August
May
August
May
1
26
August
24
23
90
181
2,424
1,284
1,202
601
2.849
3.031
31
30
91
182
2,101
1,198
1,201
600
2.665
2.847
101
103
91
182
1,914
1,106
1,200
601
2.721
2.883
91
182
2,716
1,165
1,201
600
2.804
2.972
99
13
June
September
21
20
91
182
2,162
1,182
1,201
600
2.689
2.854
96
June
September
28
27
91
182
2,182
1,248
1,200
600
2.719
2.857
99
July-
5
4
91
182
2,225
1,217
1,201
601
2.757
2.875
100
October
7
March
8
June
September
March
June
September
14
15..
March
22.,
March
29.,
April
5.,
6
April
12.
July
October
12
11
91
182
2,470
1,088
1,200
600
2.720
April
July
October
19
18
91
182
2,237
1,241
1,201
600
2.723
2.825
99
19.,
April
July
October
26
25
91
182
2,103
1,168
1,201
600
2.740
2.837
99
26.
10.
August
November
91
182
2,524
1,352
1,204
602
2.719
2.816
105
May
24.
August
November
23
23
91
183
2,096
1,247
1,300
600
2.700
2.795
98
May
30
31.
August
November
29
91
182
2,330
1,339
1,301
601
2.656
2.743
102
May
91
182
2,302
1,557
1,301
702
2.691
2.787
202
199
June
7.
September
December
6
6
2,8U
99
June
14.
September
December
13
13
91
182
2,200
1,568
1,300
700
2.671
2.758
21.
September
December
20
20
91
182
2,594
1,186
1,301
701
2.721
2.800
199
June
28.
September
December
27
27
91
182
2,257
1,338
1,300
700
2.792
2.872
200
June
2,212
1,202
1,301
700
2.930
3.008
3
91
182
200
5.
October
1963- January
4
July
12.
1962-October
1963-January
11
10
91
182
2,365
1,126
1,301
700
2.974
3.096
201
July
19.
1962-October
1963-January
18
17
91
182
2,454
1,068
1,302
700
2.983
3.133
201
July
26.
1962-October
1963-January
25
24
91
182
2,127
1,362
1,298
703
2.892
3.103
200
July
Footnotes at end of table.
(Continued on following page)
Treasury Bulletin
42
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
-
(Continued)
(Dollar amounts in millions)
Description of issue
Number of
days to
maturity
Maturity
date
Issue
date
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted \J
New money
increase, or
decrease (-)
(Percent)
91
182
$2,161
1,576
$1,301
700
2.874
3.075
$199
91
182
1,972
1,203
1,301
700
2.801
2.990
197
1962-August
2.
1962-November
1963-January
August
9.
1962-November
1963-February
August
16.
1962-November
1963-February
15
14
91
182
2,078
1,766
1,301
704
2.867
3.060
204
August
23.
1962-November
1963-February
23
21
92
182
2,003
1,651
1,301
700
2.837
2.984
99
30.
1962-November
1963-February
29
28
91
182
2,248
1,259
1,301
700
2.805
2.916
100
6.
1962-December
1963-March
6
7
91
182
2,054
1,332
1,301
700
2.834
2.977
100
September
13.
1962-December
1963-March
13
91
182
2,377
U
1,291
1,301
701
2.789
2.911
101
September
20.
1962-December
1963-March
20
21
91
182
2,265
1,375
1,301
700
2.796
2.962
101
September
27.
1962-December
1963-March
27
28
91
182
2,150
1,777
1,300
700
2.749
2.938
100
3
91
182
2,011
1,505
1,300
701
2.752
2.902
100
August
September
October
4.
1963-January
April
October
11.
January
April
10
11
91
182
2,136
1,631
1,301
701
2.760
2.864
100
October
18.
January
April
17
18
91
182
2,225
1,436
1,300
700
2.749
2.843
98
October
25.
January
April
24
25
91
182
2,133
1,394
1,301
700
2.742
2.828
102
January
31
2
91
182
2,207
1,573
1,301
701
2.686
2.775
101
February
7
May
2,249
1,761
1,301
702
2.841
2.927
101
9
91
182
91
182
2,325
1,436
1,302
701
2.801
2.846
103
90
181
2,409
1,274
1,300
800
2.833
2.892
199
November
1.
May
4
November
8.
November
15.
November
23.
November
29.
February
28
May
91
183
2,042
1,528
1,300
801
2.853
2.936
199
31
December
6.
7
6
91
182
2,108
1,663
1,300
801
2.861
2.945
98
June
14
13
91
182
1,973
1,321
1,301
801
2.807
2.861
101
March
21
June
20
91
182
2,092
1,248
1,301
800
2.860
2.900
99
December
13.
December
20.
December
27.
1963-January
January
March
April
April
April
April
February
14
May
16
February
21
May
23
March
June
March
March
28
91
2,660
June
27
182
1,322
1,309
802
2.893
2.924
110
April
July
4
5
91
183
2,220
1,340
1,301
801
2.926
2.966
101
10.
April
July
11
11
91
182
2,196
1,542
1,301
800
2.920
2.966
100
28.
June
September
27
26
2,133
1,459
1,301
800
2.919
2.977
92
92
182
2,081
1,454
1,300
800
2.922
2.982
98
2,292
1,553
1,302
801
2.913
2.978
102
3.
91
182
July
October
5
lip
July
October
11
10
91
182
18p
July
October
18
17
91
182
2,352
1,485
1,301
800
2.917
3.010
100
25P
July
October
25
91
182
2,259
1,670
1,300
2.884
2.982
99
4p
3
24
Source:
See Table 2.
Information in Table 3 covers bill offerings
January 2, 1957, through April 30, 1963.
1/ Equivalent average rate on bank discount basis.
2/
p
801
Beginning March 12, 1959, the 13-week bills represent additional
issues of bills with an original maturity of 26 weeks,
Preliminary.
May 1961
A3
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Date subscription books
Treasury Bulletin
44
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
May 196J
45
PUBLIC DEBT OPERATIONS.
Table 4.
Date subscription books
Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued!
Treasury Bulletin
46
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
.
May
196)
A7
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
22/
22/
2*J
2%/
36/
37/
38/
39/
40/
41/
42/
43/
44/
45/
46/
47/
48/
49/
Subscriptions were permitted to be made with payment in cash or in
4-3/4? Treasury notes maturing August 15, 1960 (see Table 6, footnote 22).
In addition in order that holders of 3-5/8S6 Federal
National Mortgage Association notes maturing August 23, 1960, might
have an opportunity to reinvest the proceeds, the Secretary of the
Treasury, in behalf of the Association, offered to purchase such
notes on August 15, 1960, at par and accrued interest to the extent
that such subscriptions were allotted and the proceeds from the par
amount of the notes were applied to payment, in whole or in part,
for the new securities.
Combined total includes $80 million allotted on subscriptions from
holders of the Federal National Mortgage Association notes maturing
August 23, 1960 (see footnote 32).
Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1960.
Subscriptions from States, political subdivisions, or instrumentalitie
thereof, public pension and retirement and other public funds, international organizations in which the United States hold membership,
foreign central banks and foreign States, Government investment
accounts, and the Federal Reserve Banks as provided in the offering
circular, totaled $6,285 million and were allotted in full. Subscriptions subject to allotment totaled $11,104 million and were
allotted in full up to and including $25,000; all others were allotted
13 percent but in no case less than $25,000.
Subscriptions totaled $1,181 million from savings-type investors and
$100 million from Government investment accounts; both were allotted
25 percent. Subscriptions from commercial banks for their own accounts
totaled $2,708 million and were allotted 20 percent. Subscriptions
from all others totaled $1,190 million and were allotted 15 percent.
Subscriptions for $5,000 or less were allotted in full; Subscriptions
for more than $5,000 were allotted not less than $5,000.
In addition to the amounts allotted to the public, there was
allotted to Government investment accounts $131.3 million of the
3-1/2? bonds of 1980, $215.9 million of the 3-1/2)6 bonds of 1990,
and $236.5 million of the 3-1/2? bonds of 1998.
Holders of approximately $750 million of Series F and G savings bonds
issued in 1949, which mature in 1960, were offered in exchange the
4? bonds, with certain adjustments as of December 15, 1960, at a price
of 100^. Smaller denominations of savings bonds could be exchanged
for the next higher multiple of $500 of the bonds upon payment of any
cash difference. Cash payments amounted to $365,375.
Subscriptions were permitted to be made with payment in cash or in
4-7/8? Treasury certificates maturing February 15, 1961 (see Table 6,
footnote 17).
Consists of allotments on subscriptions from holders of certificates
of indebtedness maturity February 15, 1961.
Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts and the Federal Reserve Banks, as provided in the offering
circular, totaled $4,364 million and were allotted in full. Subscriptions subject to allotment totaled $14,619 million: those
up to and including $10,000 were allotted in full; all others were
allotted 20 percent but in no case less than $10,000.
In addition to the amounts allotted to the public, there was allotted
to the Federal Reserve Banks and Government investment accounts
$39 million of the 3-3/8? bonds of 1966, and $540 million of the
3-5/8? bonds of 1967.
Subscriptions were permitted to be made with payment in cash or in
the 4-3/4? Treasury certificates or 3-5/8? Treasury notes, both
maturing May 15, 1961 (see Table 6, footnote 20).
Consists of allotments on subscriptions from holders of certificates
of indebtedness and Treasury notes maturing May 15, 1961.
There were allotted in full all subscriptions totaling about $2,379
million for the certificates and $1,258 million for the notes, from
States, political subdivisions or instrumentalities thereof, public
pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central
banks and foreign States, Government investment accounts, and the
Federal Reserve Banks, as provided in the offering circulars. Subscriptions from all other investors were subject to allotment and
totaled $11,445 million for the certificates which were allotted
27 percent, and $11,631 million for the notes which were allotted
12 percent; subscriptions for $25,000 or less were allotted in full,
and subscriptions for more than $25,000 were allotted not less than
$25,000.
Sale of a "strip" of Treasury bills, consisting of an additional
$100 million for cash of eighteen series of weekly Treasury bills
maturing from August 3, 1961, to November 30, 1961.
In addition to the amounts allotted to the public, there was allotted
to the Federal Reserve Banks and Government investment accounts
$480.4 million of the 3-1/2? bonds of 1980, $160.6 million of the
3-1/2? bonds of 1990 and $289.5 million of the 3-1/2? bonds of 1998.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 37 percent but in no case
less than $100,000.
In addition, $100 million of the notes was
allotted to Government investment accounts.
Includes $2 million allotted to Government investment accounts of the
3-1/4? notes, $4 million of the 3-3/4? bonds of 1966, and $136 million
of the 3-3/4? bonds of 1974.
-
2Q/
£1/
12/
53/
54/
55/
56/
57/
58/
59/
60/
61/
62/
61/
64/
65/
66/
67/
68/
69/
70/
71/
(Continued)
Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of eight series of weekly Treasury bills maturing
from December 7, 1961, to January 25, 1962.
Holders of approximately $970 million of Series F and G savings bonds
issued in 1950, which mature in 1962, were offered in exchange the
3-7/8? bonds with certain adjustments as of December 15, 1961, at a
price of 99.50. Smaller denominations of savings bonds could be exchanged for the next higher multiple of $500 of the bonds upon payment of any cash difference. Cash payments amounted to $309,000.
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 60 percent but in no case
less than $50,000.
In addition, $100 million of the bonds was
allotted to Government investment accounts
Includes $3,411 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/2? certificates and $1,518
million of the 4? notes.
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $385 million of the 4? bonds of
1971, $177 million of the 4? bonds of 1980, $218 million of the 3-1/2?
bonds of 1990, and $221 million of the 3-1/2? bonds of 1998.
Issued for cash and in exchange for tax anticipation bills maturing
March 23, 1962 (see Table 6, footnote 22).
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 15 percent but in no case
less than $50,000.
In addition, $100 million of the bonds was
allotted to Government investment accounts.
Includes $2,166 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4? certificates, $14 million of
the 3-5/8? notes, and $64 million of the 3-7/8? bonds.
Subscriptions were permitted to be made with payment in cash or in
the 4? notes or 3-1/4? notes, both maturing August 15, 1962 (see
Table 6, footnote 23).
Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1962.
Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts, and the Federal Reserve Banks totaled $4,760 million for
the certificates and were allotted in full, in accordance with the
offering circular. Subscriptions from all others totaled $15,395
million and were allotted 12-1/2 percent with subscriptions for
$50,000 or less allotted in full and those for more than $50,000
allotted not less than $50,000.
Subscriptions for the 4? bonds totaled $6,743 million and were
allotted 22 percent with subscriptions for $100,000 or less allotted
in full and those for more than $100,000 allotted not less than
$100,000.
In addition, $100 million of the bonds was allotted to
Government Investment accounts.
All subscriptions for the 4-I/4? bonds were allotted in full.
In
addition, $50 million of the bonds was allotted to Government
investment accounts. Savings-type investors were given the privilege
of paying for the bonds allotted to them in installments up to
October 15, 1962 (not less than 30 percent by August 15, 1962, the
issue date; 60 percent by September 15, 1962; and full payment by
October 15, 1962).
In addition to the amounts allotted to the public, there were allotted
to Government investment accounts $21 million of the 3-3/4? notes
and $320 million of the 4? bonds.
Includes $3,796 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/8? certificates, $1 million of
the 3-1/2? notes, and $6 million of the 4? bonds.
Sale of a "strip" of Treasury bills, consisting of an additional
$100 million for cash of ten series of weekly Treasury bills maturing
from January 17, 1963, to March 21, 1963.
Holders of approximately $458 million of Series F and G savings
bonds which mature in 1963 and 1964 were offered in exchange either
the 3-7/8? bonds or the 4? bonds with certain adjustments as of
December 15/ 1962, at a price of 99.50. Smaller denominations of
savings bonds could be exchanged for the next higher multiple of
$500 of the bonds upon payment of any cash difference. Cash payments
amounted to about $93,000 for the 3-7/8? bonds and about $101,000
for the 4? bonds.
The bonds were sold to a syndicate on the basis of competitive bidding
for reoffering to the public. The winning bid was $99.85111 per
$100 of face amount for a 4? coupon, resulting in a net basis cost
to the Treasury of 4.008210?, calculated to maturity.
Includes $3,921 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4? certificates and $15 million
of the 3-3/4? bonds.
In addition to the amounts allotted to the public, there were
allotted to Government investment accounts $19.8 million of the
3-5/8? notes, $29.6 million of the 3-7/8? bonds of 1971, $151.9
million of the 3-7/8? bonds of 1974, and $123.9 million of the
4? bonds of 1980.
The bonds were sold to a syndicate on the basis of competitive bidding
for reoffering to the public. The winning bid was $100.55119 per $100
basis cost to
of face amount for a 4-1/8? coupon, resulting in a net
the Treasury of 4.093M5?, calculated to maturity.
Banks
and GovemIncludes $3,327 million allotted to Federal Reserve
ment investment accounts of the 3-1/4? certificates, and $85 million
Preliminary.
p
of the 3-5/8? notes.
Treasury Bulletin
48
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills V
(In millions of dollars)
Issue
May 196J
Table 5.- Allotments by Investor Classes on
A9
Treasury Bulletin
50
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills!/- (Continued)
(In millions of dollars)
Issue
May 1961
51
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
Treasury Bulletin
52
Table 6.- Disposition of Matured Public Marketable Securities
May 1961
53
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securit les
Other Than Regular Weekly Treasury Bills - (Continued)
Treasury Bulletin
54
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
May 1961
55
PUBLIC DEBT OPERATIONS.
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
.
Treasury Bulletin
56
PUBLIC DEBT OPERATIONS
Footnotes to Table 6
Source: Bureau of the Public Debt. Preliminary figures are from subscription and allotment reports; final figures are on "clearance
basis" in daily Treasury statement.
1/ Original call and maturity dates are used.
2j All by investors other than Federal Reserve Banks.
2/ Two issues of bills, maturing January 16, 1957, and February 15, 1957
respectively, were rolled over into two issues of tax anticipation
bills, both maturing June 2-4, 1957.
ij Tax anticipation issue; for detail of offerings beginning 1957, see
Table 4; for amounts redeemed for taxes and for cash see "Note" below.
5/ During June and July 1958, $491 million of the 2-5/8$ Treasury bonds
of 1965 was purchased by the Treasury for retirement under section
19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754a).
Called on May 14, 1958, for redemption on September 15, 1958.
7/ Represents amount which owners exercised the option to redeem on
August 1, 1959 (see Table 4, footnote 9).
2/ Holders of the 4$ notes, who had the option to redeem at par on
February 15, 1960, by giving notice not later than November 16, 1959,
were permitted to exchange their holdings on November 15, 1959, for
the 4-7/8$ notes.
2/ Rolled over into a one-year bill (see Table 4).
10/ Amount which owners exercised the option to redeem on February 15,
1960 (see Table 4, footnote 11 ).
11/ Advance refunding offering. Pursuant to the provisions of section
1037 (a) of the Internal Revenue Code of 1954 as added by Public Law
86-346, approved September 22, 1959, the Secretary of the Treasury
has declared that no gain or loss shall be recognized for Federal
income tax purposes upon the exchange of the eligible outstanding
securities solely for the new securities. For tax purposes, therefore, the investor will carry the new securities on his books at the
same amount as he had been carrying the eligible securities exchanged.
Gain or loss, if any, upon the obligations surrendered in exchange
will be taken into account upon the disposition or redemption of the
new obligations.
12/ Holders of 2-1/2$ Treasury bonds maturing November 15, 1961, were
offered the option to exchange the bonds during the period from
June 8, 1960, to June 13, 1960, inclusive, subject to allotment if
subscriptions exceeded by 10 percent the offering limits of $3.5
billion for the notes and $1.5 billion for the bonds.
12/ Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them in payment or exchange, in whole or in part, for the 3-1/8$ certificates or
the 3-7/8$ bonds, which were offered in an aggregate of around
$8-3/4 billion. For detail of offering, see Table 4.
Excess of maturing 4-3/4$ Treasury notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 32 and 34).
127 Reopening of an earlier issue.
16/ Holders of 2-1/2$ Treasury bonds maturing June 15, 1967, December 15,
1968, June 15, 1969, and December 15, 1969, were offered the option
to exchange the bonds during the period from September 12, I960, to
September 20, I960, inclusive, the first for 3-1/2$ bonds of 1980,
the second for 3-1/2$ bonds of 1990, and the other two for 3-1/2$
bonds of 1998, subject to allotment if the combined total of subscriptions for the bonds of 1990 and 1998 exceeded an outside limit
of $4.5 billion.
17/ Holders of the maturing certificates were not offered preemptive
rights to exchange their holdings, but were permitted to present
them in payment or exchange, in whole or in part, for the 3-1/4$
notes offered in the amount of around $6.9 billion. For detail of
offering, see Table 4.
18/ Excess of maturing 4-7/8$ certificates over allotments of new
securities on subscriptions from holders of those certificates
(see Table 4, footnotes 39 and 40)
y
w
12/
20/
21/
22/
23/
24/
25/
26/
P
From March 20 through March 22, 1961, owners of 2-1/4$ bonds of June
15, 1959-62, 2-1/4$ bonds of December 15, 1959-62, 2-5/8$ notes
maturing February 15, 1963, and 2-1/2$ bonds maturing August 15, 1963,
were granted the option of exchanging their holdings. The first
three were exchangeable for a new 3-5/8$ bond due November 15, 1967,
and the last for a new 3-3/8$ bond due November 15, 1966, Exchanges
were subject to allotment if subscriptions exceeded $5 billion for
the bonds of 1967 or $3 billion for the bonds of 1966.
Holders of the maturing certificates and notes were not offered
preemptive rights to exchange their holdings, but were permitted to
present them in payment or exchange, in whole or in part, for the
$5,250 million offering of 3$ certificates or the $2,500 million
offering of 3-1/4$ notes. For detail of offering, see Table 4.
Excess of maturing 4-3/8$ certificates and 3-5/8$ notes over
allotments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 43 and 44).
$1,569 million were redeemed for cash and $168 million were exchanged for the tax anticipation bills dated March 23, 1962 (see
Table 4).
Holders of the maturing notes were not offered preemptive rights
to exchange their holdings, but were permitted to present them
in payment or exchange, in whole or in part, for the $6,500
million offering of 3-1/2$ certificates, the $1,500 million
offering of 4$ bonds, or the $750 million offering of 4-1/4$
bonds. For detail of offering, see Table 4.
Excess of maturing 4$ notes and 3-1/4$ notes over "allotments
of new securities on subscriptions from holders of those notes
(see Table 4, footnotes 58 and 59).
From September 10 through September 12, 1962, owners of securities
maturing February 15, 1963 (3-1/2$ certificates, 2-5/8$ notes,
3-1/4$ notes), and May 15, 1963 (3-1/4$ certificates, 3-1/4$ notes,
4$ notes) were granted the option of exchanging their holdings,
subject to allotment if subscriptions exceeded the offering limits
of $6 billion for the notes and $3 billion for the bonds.
Called on August 14, 1962, for redemption on December 15, 1962.
Preliminary.
Note:
Information on retirement of tax anticipation issues referred to
in footnote 4, in millions of dollars:
Date of
retirement
May
196)
57
PUBLIC DEBT OPERATIONS
Table 7.- Foreign Series Securities (Nonmarketable)
Issued to Foreign Monetary Authorities
(Payable in U. S. Dollars)
Month of
Treasury Bulletin
58
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Currency Series Securities (Nonmarketable)
Issued to Foreign Monetary Authorities
Month of
activity
..
:
May 1961
59
UNITED STATES SAVINGS BONDS.
being Bold.
Series E and H are the only savings bonds currently
Series E has been on sale since May 1, 19^1,
April 30, 1957- Details of the principal changes In Issues,
and Series H has been on sale since June 1, 1952. Series
A-D were sold from March 1, 1935, through April 30, 19^1.
Series F and G were sold from May 1, 194a, through April
Treasury Bulletins of April 1951, May 1952, May 1957, October and December 1959, bj\& May and October 1961.
30,
1952. Series J and K were sold from May 1,
1952 through
Interest yields, maturities, and other terms appear In the
Table 1.- Sales and Redemptions by Series, Cumulative through April 30, 1963
(In millions of dollars)
Amount outstanding
Series
Sales
Accrued
discount
1/
Sales plus
accrued
discount
Series A-D 2/
Series E and H
Series F, G, J, and K.
3,949
115,206
31,951
1,054
18,701
1,263
5,003
133,907
33,2Li
Total A-K.
151,106
21,018
172,124
Source:
Redemptions 1/
Matured
noninterestbearing debt
Interestbearing debt
4,989
87,795
31,054
46,112
2,001
159
123,838
48,113
173
14
Footnotes at end of Table 4.
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
Table 2.- Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
Redemptions
Sales
1/
Accrued
discount
Sales plus
accrued
discount
Sales
price
2/
Amount outstanding
1/
Accrued
discount J/
Interestbearing debt
Matured
noninterestbearing debt
Fiscal years:
117,620
7,704
7,060
6,097
5,896
5,734
5,547
5,749
5,780
59,430
7,251
7,846
8,958
8,544
7,249
8,557
5,819
5,716
55,686
6,487
7,018
8,055
7,671
6,377
7,542
5,038
4,934
3,744
764
828
903
873
872
1,015
781
782
58,061
58,365
57,497
54,622
51,984
50,503
47,544
47,514
47,607
128
277
360
4,307
4,464
4,421
9,844
1,231
1,214
1,216
1,226
1,228
1,240
1,286
1,358
110,772
6,276
5,517
4,605
4,689
4,320
4,350
4,539
4,278
10,464
1,216
1,217
1,216
1,235
1,221
1,262
1,322
1,397
121,236
7,491
6,734
5,821
5,924
5,541
5,612
5,861
5,675
62,878
7,301
8,264
9,630
7,255
8,772
6,732
5,595
5,602
58,776
6,518
7,419
8,674
6,450
7,763
5,851
4,842
4,792
4,102
783
846
956
805
1,009
881
754
810
57,672
57,924
56,293
52,474
51,192
48,154
47,159
47,458
47,535
686
624
725
734
686
494
368
335
331
136
108
115
494
468
416
453
429
402
383
364
341
70
65
47,653
47,697
47,717
206
201
194
September
358
360
301
October..
November.
December.
360
327
295
109
109
131
469
436
426
514
402
72
59
57
47,680
47,720
47,535
187
180
460
442
343
404
138
110
663
535
509
558
398
405
463
335
345
96
63
60
47,742
47,893
48,021
230
215
379
67
48,113
173
1935-1954 &/..
1955 47
1956
1957
1958
1959
1960
1961
1962
107,775
6,473
5,846
4,881
4,670
4,506
374
364
331
280
240
211
Calendar years:
1935-1954
1955
1956
1957
1958
1959
1960
1961
1962
Months
1962- July
August .
.
1963- January.
February.
March. ...
April.
Source:
.
..
525
425
397
4M
112
107
521
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
446
60
Footnotes at end of Table 4.
331
191
...
Treasury Bulletin
60
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Redemptions
Period
Sales %/
Accrued
discount
Sales plus
accrued
discount
Sales
price
Total
j/
Amount outstanding
1/
Accrued
discount 2/
Interest-bearing
debt
Series E and H combined
Fiscal years:
1941-1954 &/..
1955 4/
1956
1957
1958
1959
1960
1961
8,061
1,123
1,114
1,133
1,161
1,174
1,194
1,254
1,331
82,040
6,348
6,374
5,746
5,831
5,680
5,501
5,717
5,753
44,558
4,544
4,730
5,176
5,187
5,107
5,502
4,627
4,603
42,058
3,911
4,069
4,444
4,432
4,310
4,616
3,906
3,873
2,500
633
661
84,977
6,481
6,167
5,649
5,867
5,489
5,574
5,832
5,650
46, 744
4,652
4,832
5,469
43,946
3,998
4,162
4,686
4,129
4,636
4,202
3,781
3,882
2,798
654
670
4,507
4,689
4,320
4,350
4,539
4,278
8,626
1,113
1,124
1,143
1,178
1,169
1,224
1,293
1,372
134
106
113
492
466
414
398
386
360
330
323
67
September
358
360
301
October.
November.
December.
360
327
295
107
107
129
466
434
424
366
335
308
306
282
259
61
1963- January.
February..
March....,
525
661
533
507
481
353
364
391
293
307
90
425
397
136
108
110
60
57
45,679
45,859
46,002
April
414
106
519
409
344
65
46,112
209
127
164
169
116
20,579
19,080
16,568
13,124
9,842
7,787
4,829
3,709
2,652
1962
Calendar years:
1941-1954
1955
1956
1957
1958
1959
1960
1961
1962
73,979
5,225
5,260
4,613
4,670
4,506
4,307
4,464
4,421
76,352
5,368
5,043
4,856
5,519
4,996
4,484
4,636
732
755
797
886
721
731
783
727
883
794
703
754
37,482
39,285
40,929
41,498
42, U2
42,716
42,715
43,806
44,955
38,233
40,063
41,398
41,578
42,589
42,559
43,137
44,485
45,499
Months:
1962- July
August .
.
Series F, G, J, and K combined
729
108
100
30,577
1,357
686
83
65
54
352
65
54
46
46
302
63
58
54
48
45,049
45,130
45,184
45,284
45,383
45,499
$j
7/
8/
9,734
2,565
2,941
3,605
3,235
2,063
2,921
1,129
3/
L,059
6/
10,932
2,510
3,250
3,982
2,318
3,122
1,646
1,058
909
267
53
41
39
2
2
12
152 10/
136
61
144
196 3- January..
February.
March. . ..
77 10/
45 10/
40 10/
71
42
38
2,062
2,033
2,019
April
37 10/
35
2,001
1941-1954 4/..
1955 4/
1956
1957
1958
1959
1960
1961
1962
29,848
1,249
586
268
32
32
27
27
784
103
92
74
58
52
38
29
25
31,256
1,010
567
172
9,942
2,692
3,105
3,774
3,350
2,137
3,049
1,188
1,110
6/
74
128
59
51
Calendar years:
1941-1954
1955
1956
1957
1958
1959
1960
1961
1962
Months:
1962- July
August . .
September
October..
November.
December.
Footnotes at end of Table 4.
30,472
907
475
58
52
38
29
25
11,198
2,636
3,422
4,153
2,395
3,246
1,732
1,108
963
2/ 8/
8/ 2/
2/ 12/
55
44
42
U8
67
(Continued on following page)
126
173
171
77
125
86
50
55
2
5
19,439
17,861
14,895
10,896
8,603
5,594
4,022
2,973
2,036
2,604
2,567
2,534
2,396
2,338
2,036
May 196J
Treasury Bulletin
62
.UNITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Saving? Bonds
(In millions of dollars)
.
May 196J
63
.UNITE) STATES SAVINGS BONDS.
Table 5.- Sales and Redemptions by Denominations, Series E and H
y
Combined
(In thousands of pieces)
Period
Total all
denominations
$10
2/
$25
$50
$100
$200
i/
$500
$1,000
25,573
1,945
1,854
1,396
1,413
1,340
1,230
1,299
1,237
$5,000
$10,000 fj 5/
Sales 6/
Fiscal years:
1941-54 2/..
1955 2/
1956
1957
1958
1959
1960
1961
1962
Calendar years:
1941-54
1955
1956
1957
1958
1959
1960
1961
1962
1,611,266
85,342
90,053
90,160
89,431
85,882
85,607
86,495
86,479
21,076
1,652,755
87,316
90,786
90,856
86,676
84,945
86,659
85,757
87,094
21,076
1,100,111
55,164
56,719
56,327
54,908
52,895
52,972
53,453
53,010
251,393
16,374
18,784
20,256
21,043
20,108
20,220
20,434
20,901
180,474
9,315
10,090
9,969
9,824
9,477
9,208
9,273
9,286
7,913
884
929
851
893
798
774
789
813
24,653
1,578
1,608
1,320
1,304
1,212
1,127,256
55,618
56,635
56,361
53,200
52,452
53,910
52,528
53,503
259,282
17,323
19,825
21,166
20,152
20,050
20,347
20,447
21,329
184,925
9,748
10,177
9,846
9,690
9,241
9,184
9,322
9,196
8,335
916
908
887
823
775
768
816
799
25,364
1,648
1,500
1,257
1,302
1,141
1,173
1,247
1,098
26,413
1,980
1,683
1,305
96
96
101
1,165
1,201
1,186
1,454
1,243
1,238
1,346
1,127
50
56
22
48
29
26
21
12
33
35
16
27
31
30
73
56
14
11
15
16
31
27
25
17
10
18
13
12
17
15
358
165
40
25
38
30
27
34
Months:
1962- July
August....
September.
October..
November.
December.
6,970
7,300
6,576
8,034
6,816
6,431
4,221
4,423
4,096
4,980
4,142
4,044
1,734
1,817
1,609
1,994
1,710
1,542
748
795
672
824
730
644
66
1963-January. ..
February.
March p...
9,061
5,459
4,619
4,926
2,164
1,853
1,914
991
849
857
102
86
83
160
129
108
180
1,576,470
425,852
264,025
15,296
36,128
38,223
Inception to date p.
7,685
8,004
2,377,593
21,076
Redemptions 6/
Fiscal years:
1941 54 1/
70
56
68
65
56
71
85
85
72
97
69
81
82
71
145
111
Treasury Bulletin
64
OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
.
May 1%J
65
.OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Far values 1/ in billions of dollars)
Held by banks
Held by private nonbank investors
Total
Federal
securities
outstanding 2/
Commercial
banks
1939-Dec.
47.6
15.9
2.5
6.5
22.7
1940- June.
48.5
50.9
16.1
17.3
2.5
2.2
7.1
7.6
22.8
23.9
10.1
10.6
55.3
64.3
19.7
21.4
2.2
2.3
8.5
9.5
25.0
31.0
11.2
13.6
77.0
112.5
26.0
41.1
2.6
6.2
10.6
12.2
37.7
53.0
140.8
170.1
52.2
59.9
7.2
11.5
14.3
16.9
202.6
232.1
68.4
77.7
14.9
18.8
259.1
278.7
84.2
90.8
279.8
269.9
259.5
93.8
84.4
258.4
257.0
End of
month
Dec.
1941- June.
Dec,
1942- June.
Dec.
1943- June.
Dec.
1944- June.
Dec.
1945-June.
Dec.
1946-Feb. 2/
June,
Dec.
1947- June.
Dec.
1948- June.
Dec.
1949- June.
Dec.
1950- June.
Dec.
1951- June.
Dec.
1952-June.
Dec.
1953- June.
Dec.
1954-June.
Dec.
1955-June.
Dec.
1956-June.
Dec.
1957- June.
Dec.
1958-June.
Dec.
1959-June.
Dec.
1960- June.
Dec.
1961-June.
Dec.
1962- Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug..
Sept
Oct..
Nov.,
Dec..
1963-Jan..
Feb..
M^r p
U. S.
Federal
Reserve
Banks
Government
investment
accounts
Individuals lj
Mutual
Savings bonds
Total
Total
Series Other
E and H series %/
Other Insurance
secu- companies
rities
savings
banks
State
and
Corporalocal
tions 6/
governments
Foreign
and international
2/
1.9
8.2
6.3
3.1
2.2
.4
.2
2.6
2.8
7.5
7.8
6.5
6.9
3.1
3.2
2.1
2.0
.4
.5
.2
.2
3.4
4.2
7.6
8.2
7.1
8.2
3.4
3.7
2.0
4.0
.6
.2
1.1
.7
.4
17.8
23.7
3.7
6.9
5.4
6.5
8.7
10.3
9.2
11.3
3.9
4.5
4.9
10.1
1.0
67.0
81.7
30.9
37.6
11.3
16.0
7.9
8.7
11.7
12.9
13.1
15.1
5.3
6.1
12.9
16.4
2.1
19.1
21.7
100.2
114.0
46.1
53.3
21.1
25.5
10.1
10.7
14.9
17.1
17.3
19.6
7.3
8.3
20.2
21.4
4.3
4
7
21.8
24.3
24.9
27.0
128.2
136.6
59.1
64.1
29.1
30.7
11.6
12.2
18.5
21.2
22.7
24.0
9.6
10.7
23.3
22.2
5.3
6.5
4
74.5
22.9
23.8
23.3
28.0
29.1
30.9
135.1
132.6
130.7
64.1
63.3
64.2
30.8
30.4
30.3
12.5
13.1
13.9
20.8
19.9
20.1
24.4
24.9
24.9
11.1
11.5
11.8
19.9
17.8
15.3
6.7
6.5
6.3
4
2
1
70.0
68.7
21.9
22.6
32.8
34.4
133.7
131.3
66.6
30.8
31.0
14.7
15.2
21.1
19.4
24.6
23.9
12.1
12.0
13.7
14.1
7.1
7.3
2.7
252.4
252.9
64.6
62.5
21.4
23.3
35.8
37.3
130.7
129.7
65.8
65.5
31.6
32.2
15.5
15.6
18.6
17.6
22.8
21.2
12.0
11.5
13.6
14.8
7.8
7.9
2.6
2.8
252.8
257.2
63.0
66.8
19.3
18.9
39.4
132.2
132.1
66.6
66.3
33.1
33.8
15.7
15.5
17.8
17.0
20.5
20.1
11.6
11.4
15.8
16.8
8.0
8.1
2.9
2.9
257.4
256.7
65.6
61.8
18.3
20.8
37.8
39.2
135.6
134.9
67.4
66.3
34.5
34.5
15.4
15.1
17.6
16.7
19.8
18.7
11.6
10.9
255.3
259.5
58.4
61.6
23.0
23.8
41.0
42.3
132.9
131.8
65.4
64.6
34.5
34.7
14.6
14.4
16.3
15.5
17.1
16.5
10.2
9.8
20.1
20.7
9.4
9.6
259.2
267.4
61.1
63.4
22.9
24.7
44.3
45.9
130.8
133.4
64.8
65.2
34.9
35.3
14.1
13.8
15.7
16.0
15.7
16.0
9.6
9.5
18.8
19.9
10.4
11.1
266.1
275.2
58.8
63.7
24.7
25.9
47.6
48.3
135.0
137.3
66.1
64.8
36.0
36.7
13.2
12.7
16.8
15.4
16.0
15.9
9.5
9.2
18.6
21.5
12.0
12.7
271.3
278.8
63.6
69.2
25.0
24.9
49.3
49.6
133.3
135.1
64.7
63.4
37.5
38.2
12.1
11.7
15.1
13.5
15.4
15.3
9.1
8.8
16.6
19.2
13.9
14.4
6.0
6.3
274.4
280.8
63.5
62.0
23.6
24.8
50.5
51.7
136.7
142.3
65.0
64.7
39.3
40.1
10.9
10.2
14.8
14.5
15.0
14.6
8.7
8.5
18.8
23.5
14.7
15.4
6.8
7.5
272.8
276.7
57.3
59.5
23.8
24.9
53.5
54.0
138.3
138.2
66.2
65.5
40.9
41.4
9.4
8.7
15.9
15.4
13.6
13.2
8.4
8.0
17.7
19.1
270.6
275.0
56.2
59.5
23.0
24.2
55.6
55.2
135."
136.1
65.6
64.0
41.5
41.6
7.6
6.6
16.5
15.8
12.7
12.5
7.9
7.6
16.8
18.6
16.8
16.6
7.6
7.6
276.4
283.0
65.3
67.5
25.4
26.3
55.9
54.4
129.9
134.8
63.7
63.0
42.1
42.5
5.9
5.2
15.7
15.3
12.2
12.7
7.4
7.3
14.8
18.8
16.3
16.5
6.5
7.7
284.8
290.9
61.
60.
26.0
26.6
54.6
53.7
142.6
150.3
65.3
68.0
42.6
42.4
4.5
3.5
12.6
12.5
7.3
6.9
20.8
22.8
16.9
18.0
10.1
12.0
286.5
290.4
55.3
62.1
26.5
27.4
55.3
55.1
149.3
145.8
68.2
64.9
42.5
42.9
2.7
22.5
19.3
12.0
11.9
6.6
6.3
21.0
19.9
18.8
18.7
12.3
13.0
289.2
296.5
62.5
67.2
27.3
28.9
56.1
54.5
143.3
145.9
63.4
65.2
43.6
44.2
2.5
2.2
17.4
18.8
11.4
11.4
6.3
6.1
19.7
19.4
19.3
18.7
12.7
13.4
296.9
297.4
296.5
297.4
299.6
298.6
298.3
302.3
300.0
302.6
305.9
304.0
303.9
67.8
66.6
64.0
65.3
65.2
65.0
64.5
64.5
64.6
65.9
65.4
66.5
66.0
65.1
63.9
28.5
28.4
29.1
29.2
29.6
53.8
54.2
54.5
53.7
55.9
56.5
55.5
57.1
56.4
56.1
57.9
55.6
54.5
55.1
55.1
146.8
148.3
149.0
149.1
148.8
147.6
65.4
65.4
65.7
65.5
65.2
65.2
65.6
65.7
65.9
65. 8r
66. Or
66.2r
66. 6r
44.4
44.4
44.5
44.5
44.6
44.6
44.7
44.8
44.9
44.9
45.0
45.1
45.3
45.5
45.6
2.2
2.2
2.1
2.1
18.8
18.8
19.1
18.9
.0
.0
.0
.0
.0
18 5
18 9
18 Q
11.6
11.5
11.5
11.5
11.5
11.3
11.5
11.5
11.4
11.5
20.4
21.4
20.2
20.4
20.8
19.3
19.8
20.9
18.8
19. 7r
21. 5r
19.0
19.1
19.5
19.6
19.7
19.7
19.9
19.9
19.8
19.6
19.3
19.5
19.9
19.8
12.9
13.0
13.6
13.3
13.5
14.1
11.4
6.2
6.3
6.6
6.3
6.3
6.3
6.3
6.3
6.3
6.1
6.1
6.1
6.1
6.1
11.2
6.3
305. 2
303.5
29.7
29.8
30.4
29.8
30.2
30.5
30.8
30.3
30.6
31.0
18.
1
148,
150
149,
150
152
151
153
154.4
153.6
•
.
66.7
67.4
Source:
Office of Debt Analysis in the Office of the Secretary.
1/ United States savings bonds, Series A-F and J, are included at
current redemption value.
2/ Securities issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treasury.
2/ Consists of commercial banks, trust companies, and stock savings
banks in the United States and in Territories and island possessions.
Figures exclude securities held in trust departments.
.2
3.1
1.9
1.9
1.8
1.7r
1.7
1.6
4/
V
2/
7/
8/
2/
18
5
19 1
19. Or
19. lr
19. 3r
19. 6r
19.6
20.1
11.5
11.5
11.5
Other miscellaneous
investors
8/
.9
1.5
3.2
3
5
3.4
3.5
4.3
19. 8r
20. 8r
21.4
20.5
4.2
4.3
7.9
7.8
20.1
K.2
14.6
15.1
15.4
15.4
15.3
15.3
15.2
15.4
Includes partnerships and personal trust accounts.
Discontinued series. See savings bonds tables.
Exclusive of banks and insurance companies.
Consists of the investments of foreign balances and international
accounts in the United States.
Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers.
r Revised.
Preliminary.
p
Immediate postwar debt peak.
Treasury Bulletin
66
.TREASURY SURVEY OF OWNERSHIP, MARCH 31, 1963,
The monthly Treasury Survey of Ownership covers secu-
rities issued by the United States Government and by Federal agencies.
The banks and Insurance companies Included
In the Survey currently account for about 90 percent of all
such securities held by these Institutions. The similar
proportion for corporations and for savings and loan associations Is 5° percent, and for State and local governments,
Go percent.
Data were first published for banks and In-
corporations and savings and loan associations in the Sep-
tember i960 Bulletin, and for State and local governments
In the February 1962 Bulletin.
Holdings by commercial banks distributed according to
Federal Reserve member bank classes and nonmember banks are
published for June JO and December 31. Holdings by corporate pension trust funds are published quarterly, first
appearing In the March 195
1*-
Bulletin.
surance companies In the May 19^1 Treasury Bulletin, for
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
May 196J
67
.TREASURY. SURVEY OF OWNERSHIP, MARCH
31, 1963,
Section I
Securities Issued or Guaranteed by the United States Government
Table 3.- Interest -Bearing Public Marketable Securities by Issues
-
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Insurance companies
Issue
Treasury bills:
Regular weekly:
Apr.
1963 - June 1963
July 1963 - Sept. 1963
Tax anticipation:
June 1963
Total
6,138
amount
commeroutstand- cial
ing
banks
2/ 2/
508
mutual
savings
banks
301
life
2/
26,624
10,402
3,621
1,936
332
96
137
41
2,503
565
14
24
12
13
12
277
703
751
61
41
1
48,530
8,039
568
5,284
5,181
4,554
6,741
1,029
494
184
1,134
21,760
2,842
73
,183
,027
,011
,893
,933
,316
,019
,195
,113
,954
,380
,454
,286
,282
533
506
440
1,318
943
1,940
544
352
1,906
711
681
1,894
1,541
1,589
2,564
3,301
144
228
159
47
2
15
3
142
65
102
94
56
129
118
26
29
107
70
9
4
508 fire,
casualty,
and
marine
181
64
488
savings
and loan
associations
131
55
State and local
governments
472
corpo- 295
rations general
funds
3,136
1,400
2,047
443
185
pension
and retirement
funds
H8
S Government investment accounts
nd Federal
Reserve Banks
Held by
all
other
investors 4/
2,274
920
H,617
31
681
151
97
251
89
1,407
1,064
1,003
1,042
3,813
25,227
70
141
2,558
3,799
3,783
3,934
989
670
381
1,041
515
H,074
3,081
32
60
836
331
303
2,859
219
1,760
536
601
1,305
1,201
1,162
1,473
1,060
771
720
740
496
804
1,248
1,229
164
98
34
1,178
5,413
Other:
Apr.
July
Oct.
Jan.
1963
1963
1963
1964
Total Treasury bills
Certificates of
3-1/4* May
Aug.
3-1/2
Nov.
3-1/8
Feb.
3-1/4
indebtedness:
1963-B
1963-C
1963-D
1964-A
Total certificates of
indebtedness
Treasury notes:
May
1963-B
~~t%
1963-D
3-1/4
May
Nov.
4-7/8
1963-C
May
1964-D
3-3/4
May
1964-A
4-3/4
5
Aug.
1964-B
Aug.
1964-E
3-3/4
4-7/8
Nov.
1964-C
4-5/8
May
1965-A
Nov.
3-1/2
1965-B
Feb.
3-5/8
1966-B
Aug.
1966-A
4
Feb.
1967-B
3-5/8
Aug.
1967-A
3-3/4
1-1/2
Apr.
1963-EA
1-1/2
Oct.
1963-EO
1-1/2
Apr.
1964-EA
1-1/2
Oct.
1964-EO
Apr.
1-1/2
1965-EA
1-1/2
1965-EO
Oct.
1-1/2
Apr.
1966-EA
1-1/2
Oct.
1966-EO
1-1/2
Apr.
1967- EA
1-1/2
Oct.
1967-EO
Total Treasury notes
Treasury bonds:
2-1/2$ June 1962-67
Aug.
2-1/2
1963
Dec .
2-1/2
1963-68
Feb.
1964
3
2-1/2
June 1964-69
2-1/2
Dec.
1964-69
2-5/8
Feb.
1965
2-1/2
Mar.
1965-70
2-1/2
Mar.
1966-71
3-3/4
May
3
Aug.
Nov.
June
Sept.
3-3/8
2-1/2
2-1/2
3-5/8
2-l/2
3-7/8
3-3/4
4
4
4
3-7/8
4
4
3-7/8
4-1/4
3-1/4
Nov.
Dec.
May
Aug.
Feb.
Oct.
Aug.
Nov.
Feb.
Aug.
Nov.
May
June
1966
1966
1966
1967-72
1967-72
1967
1967-72
1968
1968
1969
1969
1971
1971
1972
1972
1974
1975-85
1978-83
Footnotes at end of Table 4.
2,001
2,004
2,500
2,496
457
490
466
315
675
357
270
254
53,368
,462
,461
,815
,635
,632
,543
,682
,422
,410
,597
,024
,852
,320
,952
,604
,791
,460
,747
,844
,538
,806
,760
,344
,579
,244
470
,591
185
4
11
9
19
16
220
301
19
16
6
30
1
17
13
3
7
13
6
18
21
27
93
196
261
333
123
327
175
193
260
6,597
3,3H
49
24
27
416
2
58
24
55
112
368
193
111
16
76
950
20
25
80
154
13
33
22
42
55
54
21
30
51
100
77
69
66
56
69
110
59
68
112
39
21
HI
H5
12
19
19
30
H
25
108
47
29
1
H7
1
1,715
76
242
20
54
83
32
31
97
94
20
62
192
155
149
142
93
64
111
66
2
4
16
145
2
4
8
278
214
2
144
154
122
2
2
2
2
14
11
30
20
21,608
1,180
280
1,255
501
562
58
8
123
11
7
107
42
159
38
169
107
222
155
88
99
22
9
1,270
166
737
2,289
1,151
661
1,236
1,212
1,296
909
98
80
379
16
33
158
102
111
17
28
76
84
122
1H
68
165
112
136
161
174
95
18
47
4
2
13
47
10
42
124
17
7
6
24
13
11
31
76
27
17
17
83
4
15
77
54
14
62
69
63
36
31
65
27
2,018
67
15
191
65
53
16
36
345
26
21
22
29
46
43
88
84
46
32
13
12
14
67
61
20
50
9
204
8
21
2
36
52
H
69
36
10
5
11
38
13
33
10
49
123
81
58
139
33
14
19
82
153
90
1
57
56
90
11
47
24
3
2
72
#
60
6
19
40
7
5
81
38
37
207
32
11,322
72
74
99
195
37
53
9
66
99
84
92
104
49
38
35
787
63
58
112
1
93
161
104
112
109
72
87
2,337
401
21
55
8
2
36
72
39
128
135
95
94
62
84
52
3
93
121
28
138
119
17
55
36
94
62
13
43
12
54
32
227
289
234
26
24
23
9
45
17
#
2H
802
666
2,344
373
149
1,831
665
839
166
911
55
96
49
20
71
3
3
H5
47
13
1
408
666
816
192
28
72
12
19
10
27
37
11
24
43
50
42
115
129
402
14,221
Memorandum:
Held by
15,013
corporate
pension
trust
funds 2/
Treasury Bulletin
68
.TREASURY SURVEY OF OWNERSHIP, MARCH 31, 1963,
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Par values - in millions of dollars)
May 196)
Treasury Bulletin
70
MARKET QUOTATIONS ON TREASURY SECURITIES, APRIL 30, 1963
Current market quotations shown here are over-thecounter closing bid quotations In the New York market
for the last trading day of the month, as reported to
the Treasury by the Federal Reserve Bank of New York.
The securities listed Include all regularly quoted public
marketable securities Issued by the United States Treasury.
Outstanding Issues which are guaranteed by the United
States Government are excluded because they are not reg-
ularly quoted In the market.
Table I.- Treasury Bills
Amount
May
mi
Treasury Bulletin
72
MARKET QUOTATIONS ON TREASURY SECURITIES, APRIL 30, 1963
z
LU
o
or
o
o
o
o
ID
to
o
C\J
s
..
.
.
May
196 J
73
.AVERAGE YIELDS OF LONG-TEH"! BONDS.
Table
Period
1942
1943
1944
1945
1946
1,
Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
Trea sury
bonds 1/
2.46
2.47
2.48
2.37
2.19
2.25
2.44
1947
1948
(Percent per annum)
Moody's Aaa
Moody's Aaa
Trea sury
corporate
Period
corporate
bonds 1/
bonds
bonds
Annual series - calendar year averages of monthly series
2.83
2.73
2.72
2.62
2.53
2.61
2.82
1949.
1950.
1951.
1952.
1953.
1954.
1955.
2.31
2.32
2.57
2.68
2.94
2.55
2.84
2.66
2.62
2.86
2.96
3.20
2.90
3.06
Treasury
bonds 1/
1956.
1957.
1958.
1959.
1960.
1961.
1962.
Moody's Aaa
corporate
bonds
3.08
3.47
3.43
4.08
4.02
3.90
3.95
3.36
3.89
3.79
4.38
4.41
4.35
4.32
Monthly series - averages of dally series
Period
Treasury
bonds 1/
January.
February.
March. . .
April....
Trea sury
bonds 1/
Moody' s
Aaa
corporate
bonds
1955
2/
Treasury
bonds 1/
Moody' s
Aaa
corporate
bonds
Trea sury
bonds 1/
1957
Moody's
Aaa
corporate
bonds
Treasury
bonds 1/
1959
Moody'
Aaa
corporate
bonds
1961
June
2.82
2.93
2.99
3.02
3.01
3.04
3.05
July
August ...
September
October.
November.
December.
2.91
2.95
2.92
2.87
2.89
2.91
3.06
3.11
3.13
3.10
3.10
3.15
3.60
3.63
3.66 2/ 3/
3.73
3.57 2/
3.30 2/
January.
February.
March. . ..
April....
3.11
3.08
June
2.88
2.85
2.93 i/
3.07
2.97
2.93
3.24 2/
3.28
3.25
3.12
3.14
3.20 2/
3.60
3.59
3.63
3.60
3.57
3.57
4.37
4.22
4.08
4.18 2/
4.16
3.98
4.61
4.56
4.49
4.45
4.46
4.45
4.08
4.09
4.01
3.89
3.88
3.90
4.42
4.42
4.39
4.33
4.28
4.28
July
August . .
September
October.
November.
December.
3.00
3.17
3.21
3.20
3.30
3.40
3.36
3.60
3.75
3.76
3.70
3.80
3.67
3.85
4.09
4.11
4.09
4.08
3.86
3.79
3.84 2/
3.91
3.93
3.88
4.41
4.28
4.25
4.30
4.31
4.35
4.02 2/
3.98
3.94
3.89
3.87
3.87
4.34
4.35
4.32
4.28
4.25
4.24
,68
,78
,78
2/
,82
May
81
3.34
3.22
3.26
3.32
3.40
3.58 2/
3.77
3.67
3.66
3.99
4.10
4.12
4.10
4.08
3.81
4.11
4.10
4.26
4.11 i/
4.12
4.27
1956
May
Trea sury
bonds 1/
Moody's Aaa
corporate
bonds
3.67
3.74
3.91
.91
92
92
01
08
,09
1958
3.10
3.24
3.28
3.27
Period
4.12
4.14
4.13
4.23
2/
4.37
4.46
3.89
3.81
3.78
3.80
3.73
3.88
4.27
4.22
4.25
4.27
4.33
4.47
4.43
4.52
4.57
4.56
4.58
3.90
4.00
4.02
3.98
3.98
4.06
4.41
4.45
4.45
4.42
4.39
4.42
1960
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
4.32
Moody's
Treasury
bonds 1/
1963
3.89 2/
3.92
3.93
3.97 2/
Aaa
corporate
bonds
4.21
4.19
4.19
4.21
1962
Period
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
74
Treasury Bulletin
AVERAGE YIELDS OF LONG-TERM BONDS
U-
..,
May 1963
75
•MONETARY STATISTICS.
Table 1.- Money In Circulation
(In millions of dollars except per capita figures)
End of fiscal
year ormmonth
1955
1956
Total
money In
circulation 1/
Paper money
Total
paper
money
Gold
certificates
30,229
30,715
31,082
31,172
31,914
28,372
28,767
29,040
29,071
29,699
34
33
33
1960
1961
1962
32,065
32,405
33,770
29,726
29,943
31,117
1961-December.
33,918
1962- July
August
September.
,
1957
1958
1959
,
October. ..
November.
December.
1963- January. .,
February.
March
Silver
certificates
2,170
Treasury
notes of
1890
United
States
notes
2/
Federal
Reserve
notes
Federal
Reserve
Bank
notes
National
bank
notes
31
2,162
2,200
2,155
319
318
321
317
316
25,618
26,055
26,329
26,342
27,029
30
30
29
2,127
2,094
2,009
318
318
318
27,094
27,353
28,622
100
92
85
54
53
31,336
30
2,120
3H
28,731
89
54
33,869
33,932
33,893
31,197
31,245
31,192
29
20
20
1,980
1,945
1,943
317
318
316
28,734
28,842
28,792
84
83
82
53
38
38
34,109
34,782
35,338 2/
31,382
32,026
32,557
20
20
20
1,947
1,957
2,001
318
318
315
28,976
29,612
30,102
82
81
81
38
38
38
34,093
34,286
34,513
31,334
31,513
31,718
20
20
20 4/
1,859
1,848
1,842 57
303
310
29,033
29,218
80
80
37
37
313
29,426 6/
79
37
32
2,H8
163
147
133
120
110
67
64
62
59
57
56
..
)
.
76
Treasury Bulletin
MONETARY STATISTICS
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
Silver
($1.29+ per
fine ounce)
Gold
End of fiscal
year or month
($35 per
fine ounce)
Ratio of silver to
gold and silver in
monetary stocks
(in percent
1955
1956
1957
1958
1959
1960
1961
1962
21,677.6
21,799.1
22,622.9
21,356.2
19,704.6
19,322.2
17,550.2
16,435.2
3,922.4
3,994.5
4,116.6
4,306.0
4,414.1
4,394.5
4,346.5
4,317.4
20.8
1961-December.
16,889.0
4,308.6
20.3
1962- July
August. .
September
16,147.4
16,097.6
16,067.4
4,317.2
4,316.8
4,317.2
21.1
21.2
21.2
October.
November.
December.
15,977.9
15,976.9
15,978.1
4,317.2
4,317.0
4,318.2
21.2
21.3
21.3
196 3- January..
February.
March....
15,928.0
15,877.9
15,877.5
4,318.2
4,318.5
4,318.4
21.3
21.4
21.4
Circulation Statement of United States Money,
Source:
silver monetary stock see Table 4.
For detail of
1/
15.3
15.5
15.4
16.8
18.3
18.5
19.9
See Table 3, footnote 3.
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
End of calendar year or month
Gold assets 1/
Liabilities:
Gold certificates,
etc.
2/
Balance of gold in
Treasurer's account
21,690.4
21,949.5
22,781.0
20,534.3
19,455.9 2/
17,766.6
16,889.0
15,978.1
21,199.1
21,458.3
22,272.9
20,138.2
19,350.5
17,665.6
16,771.2
15,852.1
491.2
491.2
508.1
396.1
105.4
101.0
117.8
126.0
16,147.4
16,097.6
16,067.4
16,027.3
15,972.9
15,952.2
120.2
124.7
115.1
October.
November.
December.
15,977.9
15,976.9
15,978.1
15,847.6
15,861.6
15,852.1
130.4
115.3
126.0
1963- January.
February.
March....
15,928.0
15,877.9
15,877.5
15,816.2
15,750.8
15,762.5
111.7
127.1
115.1
1955
1956
1957
1958
1959
1960
1961
1962
1962- July
August
September
,
Circulation Statement of United States Money.
Source:
1/ Treasury gold stock; does not include gold in Exchange Stabilization
Fund.
See "International Financial Statistics," Table 1.
2/ Comprises (l) gold certificates held by the public and in Federal
Reserve Banks; (2) gold certificate credits in (a) the gold
certificate fund - Board of Governors, Federal Reserve System, and
(b) the redemption fund - Federal Reserve notes; and (3) reserve
2/
of $156.0 million against United States notes and through June 30,
1961, Treasury notes of 1890.
The United States payment of the $343.8 million increase in its
gold subscription to the International Monetary Fund, authorized
by the act approved June 17, 1959 (22 U.S.C. 286e) was made on
June 23, 1959 (see "Budget Receipts and Expenditures," Table 3,
footnote 13).
May 196J
77
MONETARY STATISTICS.
Table 4.- Components of Silver Monetary Stock
(In millions of dollars)
s
..
Treasury Bulletin
78
MONETARY STATISTICS
Table 5.- Seigniorage
(Cumulative from January 1, 1935 - In millions of dollars)
Sources of seigniorage on silver bullion revalued
End of calendar
year or month
Seigniorage
on coins
(silver and
minor) 2/
Misc. silver
(incl. silver
bullion held
June K, 1934)
Silver Purchase Act
of June 19,
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
46.1
63.7
69.5
91.7
122.2
182.1
245.7
299.6
362.3
429.5
491.9
520.5
559.2
578.7
596.6
642.3
694.2
742.2
792.9
807.0
839.6
890.3
932.0
981.6
1,038.5
1,101.7
1,146.9
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
226.2
302.7
366.7
457.7
530.7
562.7
580.4
584.3
584.3
584.3
701.6
832.1
1962- July
August ...
September
1,126.9
1,130.6
1,134.1
October.
November.
December.
1963- January.
February.
March. . .
April...
Nationalized
silver
(Proc. of
Aug. 9, 1934)
Proclamation
of Dec. 21,
1933
832.2
833.6
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833
833
833
833
833
833.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
16.8
36.0
58.0
74.9
87.3
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
48.7
48.7
48.7
833.7
833.7
833.7
34.7
34.7
34.7
1,137.7
1,141.8
1,146.9
48
48
48
833.7
833.7
833.7
1,150.1
1,152.7
1,156.9
48
48
1,160.6
18.5
1/
Newly mined silver
2/
Acts of
July 6, 1939,
and July 31, 1946
Total
seigniorage
on silver
reva lued 2/
Potential
seigniorage on
silver bullion
at cost in
Trea surer
account j/
'
274.9
397.5
541.6
758.8
950.6
1,055.8
1,089.0
1,048.2
967.3
717.3
333.2
161.2
74.5
84.6
93.5
104.7
114.6
125.4
134.7
143.8
150.8
155.2
156.4
166.0
167.9
167.9
167.9
167.9
326.2
422.1
508.1
616.0
705.6
759.4
799.7
818.9
820.6
820.7
938.1
1,069.6
1,077.6
1,087.8
1,098.1
1,109.3
1,119.2
1,130.0
1,139.3
1,148.4
1,155.4
1,159.8
1,161.0
1,170.6
1,172.5
1,172.5
1,172.5
1,172.5
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
16.8
16.8
16.8
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
16.8
16.8
17.3
48
833.7
833.7
833.7
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
17.3
17.4
17.4
48.7
833.7
34.7
87.6
167.9
1,172.5
17.4
832-. 1
Bureau of Accounts.
Source:
1/ These items represent the difference between the cost value and the
monetary value of silver bullion revalued and held to secure silver
certificates.
2/ Total of seigniorage on coins and on newly mined silver, beginning
34.5
2/
4.2
25.7
48.3
63.6
65.3
65.4
65.5
66.5
M6.8
129.9
127.2
111.7
81.9
57.2
34.9
6.6
14.3
50.0
72.9
1M.0
98.3
70.8
12.6
17.3
with that for July 1959, is included under coins; the breakdown is
not available after June 1959.
The figures in this column are not cumulative; as the amount of
bullion held changes, the potential seigniorage thereon changes.
.
May
.
,
196)
79
INTERNATIONAL FINANCIAL STATISTICS
Table 1.- U. S. Gold Stock, and Holdings of Convertible Foreign
Currencies by U. S. Monetary Authorities
(In millions of dollars)
Gold stock
End of calendar
year or month
Total gold stock
and foreign currency
holdings
Trea sury
1/
Total
2/
Foreign
currency
holdings
1953
1954
1955
1956
1957
22,091
21,793
21,753
22,058
22,857
22,030
21,713
21,690
21,949
22,781
22,091
21,793
21,753
22,058
22,857
1958
1959
1960
1961
1962
20,582
19,507
17,804
17,063
16,156
20,534
19,456
17,767
16,889
15,978
20,582
19,507
17,804
16,947
16,057
16,678
16,562
16,531
16, 147
August
September
16,182
16,139
16,081
4%
16,098
16,067
October.
November.
December.
16,364
16,216
16,156
15,978
15,977
15,978
16,026
16,014
16,057
338
202
99
1963- January. .,
February,,
March.,,..
16,102
16,023
16,078
15,928
15,878
15,878
15,974
15,893
15,946
128
132
132
April p...
16,046
15,878
15,
9U
132
1962- July
. .
The United States also has certain drawing rights on the International Monetary Fund, in which the United States has a quota of
In accordance with Fund policies, these drawing
$4,125 million.
rights include the right to draw virtually automatically an amount
equal to the sum of the United States gold subscription to the Fund
($1,031.2 million) and the Fund's net use of dollars; on April 30,
Under appropriate
1963, these two amounts totaled $1,093.9 million.
circumstances the United States could draw an additional amount equal
to the United States quota.
Note:
1/
2/
2/
p
116
99
423
450
Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, the proceeds of which are invested
by the Fund in U. S. Government securities; as of February 28, 1963this amounted to $800 million.
Includes gold in Exchange Stabilization Fund, which is not included
in Treasury gold figures shown in "Circulation Statement of United
States Money." See "Monetary Statistics," Table 3.
Includes holdings of Treasury and Federal Reserve System.
Preliminary.
Table 2.- U.S. Treasury Nonmarketable Note6 and Bonds
Issued to Official Institutions of Foreign Countries
End of calendar
year or month
2/
Treasury Bulletin
80
.CAPITAL MOVEMENTS.
Data relating to capital movements between the United
States and foreign countries have been collected since
1935, pursuant to Executive Order 6560 of January 15,
XSJ^,
Executive Order IOO33 of February 8, l$ty, and Treasury
regulations promulgated thereunder.
Information on the
principal types of data and the principal countries Is reported monthly, and Is published regularly In the "Treasury
Bulletin."
frequently.
Supplementary Information Is published less
Reports by banks, bankers, securities brokers
and dealers, and Industrial and commercial concerns In the
United States are made Initially to the Federal Reserve
Banks, which forward consolidated figures to the Treasury.
will be exactly comparable to those now presented.
The first three sections whloh follow are published
monthly.
tries,
They provide summaries, by periods and by coun-
of data on short-term banking liabilities to and
claims on foreigners and transactions In long-term securities by foreigners, and present detailed breakdowns of the
latest available preliminary data.
Section IV provides supplementary data In six tables
which appear at less frequent Intervale. Table 1, shortterm foreign liabilities and claims reported by nonf lnanclal concerns, Is published quarterly In the February, May,
Beginning April 195^, data reported by banks In the Territories and possessions of the United States are Included
August, and November Issues of the Bulletin.
In the published data.
and bankers, and Table
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 organ-
izations.
"Short-term" refers to original maturities of
and "long-term" refers to all other
one year or less,
maturities.
A detailed discussion of the reporting cov-
statistical presentation, and definitions appeared
erage,
In the June 195^ Issue of the "Treasury Bulletin," pages
45->+7.
In that
As a result of changes In presentation Introduced
Issue,
not all breakdowns previously published
Table 2,
long-term foreign liabilities and claims reported by banks
3, estimated gold reserves and
dollar holdings of foreign countries and International
Institutions, are published quarterly In the March, Juns,
September, and December Issues.
Table
U,
and debit balances In brokerage accounts,
foreign credit
appears semi-
annually In the March and September Issues. Table 5,
short-term liabilities to foreigners In countries and
areas not regularly reported separately by banking Institutions, Is presented annually, appearing In the April
Issue through 1958 and In the March issue thereafter.
Table 6, purchases and sales of long-term securities by
foreigners during the preceding calendar year, also appears
annually, from 1959 through 1962 In the May issue, and
In the April Issue beginning 1963.
Section I - Summary by Periods
Table I.- 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)
»
..
May 1961
81
CAPITAL MOVEMENTS.
Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Position at end of period in millions of dollars)
Short-term liabilities to foreigners
Short-term claims on foreigners
Payable In dollars
End of calendar
year or month
Total 1/
Foreign
official
V
1945..
1946
6,883.1
6,480.3
7,116.4
7,718.0
7,618.0
8,644.8
9,302.2
10,546.1
11,648.4
12,918.6
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
13,600.7-
U, 939.1
15,158.3
16,159.1
19,388.7
21,271.6
22,450.3r
4,179.3
3,043.9
1,832.1
2,836.3
2,908.1
3,620.3
3,547.6
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4 2/
7,916.6 2/
8,664.9
9,154.3
10,212.3
10,893.2r
Other
foreign
Payable in dollars
International
and regional
Payable in
foreign
currencies
Total
1/
2,678.2
2,922.0
2,972.7
2,947.0
3,001.0
3,451.7
4,041.2
4,245.6
4,308.4
4,335.4
4,726.5
5,392.8 2/
5,665.3 2/
5,890.8
6,99.9.1
6,934.4
7,655.0
473.7
2,262.0
1,864.3
1,657.8
1,527.8
1,641.1
1,584.9
1,629.4
1,769.9
1,881.1
1,452.1
1,517.3
1,544.0
3,158.1
4,011.8
3,751.7r
25.5
40.6
49.7
70.4
51.0
44.9
72.2
61.4
43.7
43.2
40.3
48.8
59.0
59.4
77.2
113.1
150.4
Payable In
foreign currencies
Loans to
foreign
banks
392.8
708.3
948.9
1,018.7
827.9
968.4
1,048.7
904.5
1,386.5
1,548.5
1,945.7
2,199.4
2,542.0
2,624.0
3,614.2
4,745.8
100.3
319.6
292.9
361.2
222.7
151.1
177.2
122.9
156.5
206.5
328.1
405.4
385.5
439.4
497.6
524.3
699.4
557.1
494.3
506.3
699.4
847.5
646.5
969.0
1,056.5
1,390.8
1,666.5
1,904.9
1,909.2
2,610.3
3,460.8
898
.
i
245.0
290.5
490.6
47.5
98.1
165.4
100.4
110.8
240.6
91.8
78.4
101.6
211.0
163.9
149.6
147.3
197.7
217.2
479.6
585.6
1961 2/
22,532.6r
10,893.3r
7,737.3
3,751.7r
150.4
4,803.8
709.2
3,508.3
586.3
1962
24,999.5
11,907.6
7,801.0
5,147.5
143.4
5,099.1
952.6
3,602.5
544.0
1962- July
August ....
September.
23,622.8r
24,158.1r
24, 524. Or
10,639.8r
10,881.3r
4,835. 5r
4,942.7r
179.7
246.1
253.9
4,875.8
4,831.9
4,809.4
827.
818.
801.
3,558.1
3,550.5
11,431. 7r
7,967.8
8,015.8
7,895.8
490.1
463.1
492.8
October. .
November.
December..
25,211.3r
25,196.0
24,999.5
ll,805.8r
11,898.2
11,907.6
8,118.1
7,990.2
7,801.0
5,005. 3r
5,095.5
5,147.5
282.1
212.1
143.4
4,953. 9r
4,864.2
5,099.1
815.
3,509.9r
3,468.7
3,602.5
628. 3r
823.
952.
24,938.8
24,991.0
25,130.3
11,515.7
11,430.2
11,716.1
8,159.2
8,351.4
8,288.5
5,099.8
5,049.9
4,982.4
164.2
159.6
143.2 (J
4,885.7
4,987.1
5,050.3
844.
853.
853.
3,526.1
3,590.0
3,634.7
5M.7
1963- January.
.
February p
March p...
5,OU.8r
3.5M.9
571.8
544.0
543.9
562.1
_l_
\/
2/
Data exclude nonnegotiable, noninterest-bearing special U. S. notes
held by the Inter-American Development Bank and the International
Development Association. Beginning May 1960, data for Latin American
regional organizations and beginning July 1962, data for European
regional organizations (except the Bank for International Settlements
and the European Fund) are reclassified from "Foreign official" to
"International and regional" in this summary table.
Beginning in August 1956 and again in April 1957, certain accounts
previously classified as "Other foreign" are included in "Foreign official."
3y
4/
p
r
Differs from 1961 end-year data on the preceding line by inclusion
of liabilities and claims reported by banks initially included as of
June 30, 1962, and starting with the March 1963 Bulletin, included
beginning December 31, 1961.
Includes $47.9 million representing reported liabilities to foreign
official institutions.
Preliminary.
Revised.
..
6
,.,
Treasury Bulletin
82
CAPITAL MOVMENTS.
Section I - Summary by Periods
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
Calendar
year or
bonds and notes
Sales
414.5
344.8
282.4
430.0
1,236.4
673.6
533.7
646.0
800.9
1,341.1
883.4
666.1
1,223.9
1,216.9
1,729.6
1,743.7
1,779.9
684.2
283.3
330.3
333.6
294.3
1,356.6
231.4
728.0
792.7
812.1
1,018.3
718.3
1,187.6
528.0
1,603.0
1,231.5
2,507.9
1962- July.
Aug...
Sept..
145.6
135.1
326.6
Oct...
Nov. .
Dec...
.1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1%3-Jan. .
Feb. p.
Mar
p.
U
Bonds
Net
purchases
Purchases
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
Stocks
2/
Sales
Net
purchases
K
K
2/
2/
Purchases
Net
Sales
Total
purchases
Total
sales
purchases
Net purchases of
domestic
securities
367.6
226.1
369.7
354.1
666.9
739.8
650.2
589.1
1,115.1
1,561.2
1,619.5
1,306.4
1,397.3
2,224.4
1,976.5
3,067.3
2,260.7
432.1
376.7
514.1
375.3
664.0
619.5
649.2
533.9
980.2
1,433.7
1,363.5
1,163.8
1,453.6
1,861.5
1,774.8
2,744.6
2,149.8
-64.5
-150.6
-144.3
-21.2
2.9
120.3
1.0
55.2
135.0
127.5
256.0
142.6
-56.3
362.9
201.7
322.7
110.9
782.1
570.9
652.2
784.1
2,011.1
1,533.3
1,384.0
1,447.9
2,205.7
3,227.0
2,790.0
2,282.8
2,982.5
3,810.1
4,148.5
5,127.8
4,348.2
1,116.3
659.9
844.4
708.9
1,066.6
2,117.6
1,069.0
1,459.4
2,056.4
2,541.8
2,633.6
2,141.0
2,985.2
2,685.7
3,770.1
4,392.2
5,016.6
685.2
156.4
141.8
-2.7
1,124.4
378.4
735.7
-668.4
-334.2
-89.1
-192.2
75.2
944.4
-584.3
314.9
-11.5
-135.0
-52.1
36.3
688.9
126.6
512.2
-728.0
107
120
200
212.8
289.7
324.7
287.1
310.2
361.4
368.8
442.4
316.9
307.7
197.4
283.6
296.0
251.8
258.9
344.0
296.2
392.3
416.1
358.9
-.6
-21.6
11.7
15.3
6.1
28.7
35.3
51.3
17.3
72.6
50.1
-99.2
-51.2
119.3
346.5
334.1
26.3
-211.4
-7.5
17.7
19.5
18.1
31.1
19.9
24.5
-13.4
-.4
-6.4
150.5
139.9
106.9
168.9
136.2
115.5
-18.4
3.8
-8.6
313.8
294.5
451.6
319.3
502.6
474.1
-5.5
-208.1
-22.5
76.6
251.1
167.4
110.3
318.5
105.1
-33.7
-67.5
27.3
30.8
36.9
-1.6
-8.4
-12.1
129.2
187.9
170.8
133.1
167.1
175.2
-3.9
20.8
-4.4
231.5
461.4
363.0
270.7
62.3
25.7
22.4
24.8
-39.2
-55.1
45.9
217.6
123.3
475.3
90.1
176.4
436.8
127.5
-53.1
38.5
36.5
20.5
15.3
27.7
8.8
2.5
178.0
162.8
161.5
174.6
172.2
161.3
3.4
-9.5
432.2
306.6
292.5
366.7
613.2
8.2
529.0
108.3
HI.
188.5
18.1
15.1
.2
Excludes transactions in nonmarketable U. S. Treasury notes,
foreign series, and U. S. Treasury bonds, foreign currency series.
See "International Financial Statistics," Table 2.
Note:
1/
2/
.2
516.4
317.2
652.1
M9.3
139.7
-60.1
38.9
Through 1949 includes transactions in corporate bonds.
Through 1949 included with transactions in U. S. Government bonds
Preliminary.
and notes.
p
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Foreign bonds
Calendar year
or month
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
755.9
658.7
211.6
1957
1958
1959
1960
1961
1962
699.0
889.0
945.6
882.9
801.9
1, 093.3
321.2
589.2
500.4
495.3
542.5
792.4
693.3
606.5
1962- July
August
September.
64.3
50.1
43.5
October. ..
November..
December. .
250.8
70.5
59.6
196 3- January. ...
February p,
March p...
Preliminary.
56.0
61.5
84.3
Foreign stocks
Net
Purchases
purchases
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
1,457.6
1,445.0
1,262.4
2,037.2r
265.5
24.5
-79.8
9.8
-121.0
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026.1
-512.0
-562.1
-460.4
-943.9r
Purchases
Sales
Net
purchases
Total
purchases
65.2
57.1
81.7
88.8
173.8
272.3
293.9
310.1
393.3
663.6
749.2
592.8
467.2
566.1
509.1
595.7
702.0
65.6
42.6
96.7
70.8
198.2
348.7
329.6
303.4
644.9
877.9
875.2
621.9
803.7
803.8
591.7
965.6
801.5
-.4
14.6
-15.0
18.0
-24.4
-76.4
-35.8
6.8
-251.6
-126.1
-29.1
-336.4
-237.7
-82.6
-370.0
-99.5
821.2
715.9
293.3
410.1
763.0
772.7
789.1
852.7
1,185.8
1,356.9
1,355.7
1,291.8
1,356.2
1,511.7
1,392.0
1,397.6
1,795.3
-2U.3
Total
sales
556.1
676.8
388.2
382.3
908.4
1,149.7
1,007.0
924.9
1,486.1
1,387.3
1,866.8
2,014.0
2,718.8
2,261.5
2,036.7
2,228.0
2,838.7r
Net purchases
of foreign
securities
265.1
39.0
-94.8
27.8
-145.4
-377.0
-217.9
-72.2
-300.4
-30.4'
-511.1
-722.1
-1,362.5
-749.7
-644.7
-830.4
-l,043.4r
88.6
64.8
100.4
-24.4
-14.7
-56.8
47.9
48.3
43.9
37.1
64.3
39.5
10.8
-16.0
4.4
112.2
98.3
87.5
125.7
129.1
139.8
-13.6
-30.8
-52.4
419. Or
-168.2r
-130.7
-156,9
58.2
69.4
61.3
40.1
47.5
60.9
18.1
21.8
.5
309.0
139.8
120.9
459.0r
248.7
277.3
-150. lr
201.1
216.5
313.7
214.2
170.6
-257.7
-152.7
-86.3
58.0
50.2
60.2
59.1
60.0
-1.1
-9.8
-11.9
H4.0
111.7
144.6
372.8
274.2
242.8
-258.8
-162.5
-98.2
72.2
-108.9
-156.4
May 1%~>
83
CAPITAL MOVEMENTS,
Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
(Position at end of period in millions of dollars)
Calendar year
Country
1959
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of
Greece
Italy
Netherlands
Norway
Poland
Portugal
Rumania
Spain
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Yugoslavia
Regional organizations l/. ..
Other Europe 1/
Total Europe
Canada
3.31.4
138.1
.7
136.5
70.9
655.3
,987.3
186.3
,370.
485.
95.
4.
137.
86
212
969
30.7
2.6
989.6
6.2
575.7
3,472.6
2,198.0
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
Panama, Republic of
Peru
El Salvador
Uruguay
Venezuela
Regional organizations 1/ j/
Other Latin America 1/
Total Latin America J/
336.8
24.4
150.7
184.5
216.8
163.8
36.9
37.1
442.4
87.8
129.2
82.2
28.0
61.5
276.9
148.3
2,407.5
Asia:
China Ma inland
Hong Kong
Indonesia
Iran
Israel
Japan
Korea, Republic of
Philippines
Taiwan
Thailand
Other Asia
35.8
60.0
114.3
138.6
46.6
86.5
1,285.1
147.6
171.5
94.1
141.2
458.3
Total Asia
2,779.6
India
Other countries:
Australia
Congo Republic of the
South Africa
United Arab Republic (Egypt)
All other
,
Total other countries
International J/
Grand total J/
110.5
31.3
48.7
20.3
162.1
Treasury Bulletin
8A
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars)
.
.
May 1961
85
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 3.- Net Transactions in Long-Term Domestic Securities by Foreigners
(In thousands of dollars; negative figures Indicate net sales by foreigners or a net
outflow of capital from the United States)
Calendar year
1962
1963
Country
1959
1960
1961
1962
-4
4,661
578
10,113
61
-155
-6
2
-149
-783
-16
-920
98
-276
1,997
-1,443
-34,480
-236
20,039
19,345
-248
28,099
-3,348
1,156
-2,447
1,572
20,696
22,300
-754
13,863
18,507
-30,974
-15
6,669
-3,404
-12,367
-22
-15,033
-816
961
-4,991
-8,573
2
3
2
3,022
31,549
-290
-3,151
4,415
-39,734
-1,719
777
83
-309
-396
1,824
198
-1,057
-101
-464
-1,012
874
-7
910
-1,491
-99
-64
-2
-3,346
-377
-301
-210
5,769
-1,044
-26
-5
-1,325
1,062
-73
215
-1,280
-88
-106
-7
-772
858
-8
1,114
-1,848
11,355
553
-23
4,996
3,828
September
October
December
January
February p
March p
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of
Greece
Italy
Netherlands
Norway
Poland
Portugal
Rumania
Spa in
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Yugoslavia
Regional organizations 1/
Other Europe 1/
57,037
200
62,303
22,749
276
6,937
38,327
24,196
-9
2,415
-17
-517
92,384
265,643
391
-2
10,655
4
372
-23,252
139, 149
145
-1
1,617
10,428
155,230
223
487
-3,725
-99
8
332
-3,777
128,751r
-256
-92
-24
2,380
-224
-240
802
-U,562r
306
66
-9,375
8,167
-160
27
-188
-694
-13,951
113
4
-1,672
-53
182
-20,281
-9,304
-72
-22,835
-7,723
-11,861
-36,682
3
Total Europe
Canada
Latin America:
Argent ina
Bol i via
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam.
Panama, Republic of
Peru
El Salvador
Uruguay
Venezuela
Regional organizations l/.
Other Latin America 1/
70
5,897
143,358
-2
41,367
-13
-1,484
23,644
-5,230
8,147
836
-960
745,282
198,182
234,280
-7,920
-49,250
-36,320
-33,728
-23,696
-10,457
-50,986
80,696
-81,890
-98,394
-112,721
2,830
-16,157
45,644
97,129
119,283
-8,411
3,385
169
-722
113
2,594
1,762
-816
161
5,343
918
683
406
-41
-653
2,612
465
-173
-589
389
-7,129
251
17
-131
360
-359
-724
25
211
-773
-103
-7
109
-77
-1,814
-13
-29
-242
94
-190
29
69
-210
-88
-3
-1
149
6
9
182
-152
-18
-7
-66
13
-544
465
-306
-47
928
-282
-21
-1,115
3
5
-89
399
-620
-403
16,000
1,211
43
-220
-218
-12,235
451
15,118
-14,291
19
-18
7,376
-493
-35
-4
-94
145
2,147
-497
.
Total Latin America
62
1,094
-2,276
379
292
1,321
-43,437
1,249
941
-990
19,538
2,912
1,449
-256
9,514
8,841
22,425
2,948
533
-265
-888
4,071
-1,227
-506
575
1,805
420
3,474
10,393
8,681
467
-957
-1,141
3,756
192,236
6,200
237,198
46,785
-98,395
-49,344
12
695r
2,519
1,224
-1,528
128
-20,050
3,283
-79,843
-3,052
-3,512
565
-98,415
-3,220
56
78
-2,639
-8,001
-13,081
-13
ll5r
315
227
83
l
r
.
203
75
-158
28
292
-9
92
10
-82
23
147
169
26
-309
862
1,480
-260
-29
-6
-375
118
-5,061
-293
1,241
107
-92
46
-382
-555
-2,000
248
-28, 714
-4,403
-1,256
-12
1,018
-2,546
-3
-7
20
2,702
2,483
-15
-76
-13
116
63
-629
4,032
16
-47
350
3
-3
2
-25
368
74
-2,790
25
-2,303
-266
19
-827
-330
-22,896
544
-396
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Other countries:
Australia
Congo , Republic of the
South Africa
United Arab Republic (Egypt)
All other
Total other countries
International
Grand total
43
9,791
39,839
-1,032
215
-74
558
505
-1,347
-1,504
99
-8
-230
536
4,338
700
509
103
-829
-15
150
-885
45,733
47,133
7,454
-323
45
187
44
18,881
-648
62
769
805
12
65
-191
-13,331
18,834
-13,339
-1,357
-369
23,832
187,023
1,124,353
9
-148
37,712
-35,012
131
-79
575
-13
34
-22,617
-405
67
-5
-21
-31
-121
-1,274
3,039
12
-22
65
-99
-5
-3
-602
57
1
5
306
-23,166
150
126
3
27
-192
-3
-2,562
14
-53
-6
-40
933
113
-274
28
1,917
-10,380
-1,423
6,792
-469
7,004
4,159
33
-1
-19
-56
404
15
73
-5
13
53
6
3
7
-51
-83
-40
4
-57
3
5
27
2,348
632
-52
294
-6
-2,028
-12
195
13
-149
3,257
-1,160
361
-11
398
18
47
-168
-59,885
1,584
28,208
-3,460
-55,070
45,852
139,682
154
-s
-11
-4
-7
238,440
351,883
-424,968
37,196
-397
378,416
735,678
-668,350
-22,463
-39,190
Excludes transactions in nonmarketable U. S. Treasury notes, foreign
series, and U. S. Treasury bonds, foreign currency series. See "International Financial Statistics," Table 2.
Beginning May 1960, data for Latin American regional organizations and
Note:
1/
-2
18,454
1,044
1,156
186
1,281
981
22
3
314
5
59
5
beginning July 1962, data for European regional organizations (except
the Bank for International Settlements and the European Fund) are reclassified from "Other Latin America" and "Other Europe" to "Regional
Revised.
r
p
Preliminary.
organizations."
86
Treasury Bulletin
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 4.- Net TranBactions in Long-Term Foreign Securities by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1962
1963
Country
1959
1960
1961
September
1962
October
November
December
January
February p
March p
Europe:
-137
7,500
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of
Greece
Italy
Netherlands
Norway
Poland
Portuga 1
Rumania
Spa in
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Yugoslavia
Regional organizations l/...
Other Europe 1/
Total Europe
Canada
America:
Argent ina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
197
14,385
677
-17
-217
10,014
3,309
952
-1
-149
-34
1,219
194
-30
17
40
14
820
610
-2,666
-28,458
407
414
-8,511
-20,784
-587
-14,519
539
-33,391
-31,423
-331
9,073
-74,441
-1,479
-11
247
-739
-10,643
51,384
336
1,409
5,271
-5,871
102
973
-1,642
-31,745
-126
17,726
500
-1,384
500
-57,358
-500
5,348
-35,339
4,320
-49,714
-117,320
-261,696
-179,483
5,123
29,362
-443,009
-195,849
-318,335
-
558,580
-14,385
-92
24
-7,555
-184
5,775
1,889
-345
-249
44
11
21
507
-53,597
2,402
1,234
-552
-86
-240
3,461
-14,292
268
28
12
3,154
47
5,864
631
4,168
-5,551
614
177
-13,630
5,021
-93,465
47,539
-552
-35,375
-32,383
1,449
-41,730
-1,564
26,968
-87,643
-6,819
3,282
10,325
-2 ,070
-16,972
-36,151
606
-76,761
-31,551
-953
12,899
-34,087
-23,928
-5
309
1,740
-604
8,268r
10
31,660
-ll,893r
4
-7
-1
620
-3,036
1,017
-144
-4,038
-4,276
-6,187
-267
-27,503
-11,995
-7,206
-2,257
-149
-481
-3,619
-11,706
14
26
270
94
-48
8,663
1
-702
1,386
446
1,776
-24
-36
-179
-651
2,193
1,698
-503
-3,964
29
164
360
-111
97
-75
3,345
-2,434
-339
-1,332
!,289
7
6,762
-4,270
-625
-4,6L4
6,469
572
24
-1,504
-1,888
-18
-525
1,413
-370
-210
-71
-55
660
1
-1
-2
3,139
3,337
2,057
-169
-4,864
2,956
1,751
-460
610
4,129
1,875
-3,405
-34,462
-42,403
-125,254
-95,033
-44,434
-196,844
-96,565
-10,890
164
13
144
319
-3
46
-8
368
-9
-60
65
-1
159
118
-6
150
127
20
-1,707
-8
94
48
195
13
444
-4
16
-7
-54
42
10
-21
3
-53
-20
11
350
1,130
-70
-21
-181
-3
26
2,250
-5,463
80
381
6
6
-7,025
49
-7
-324
-100
-122
-7,158
123
-8,948
-106
-134
1,744
199
321
5
1
250
-3,317
256
-39
2,697
346
2,503
1,514
5,922r
12,549
2,814r
-4
6,253
I*atln
',804
,291
,437
-588
Gua tema la
Mexico
Netherlands Antilles and
Surinam
Panama, Republic of
Peru
El Salvador
Uruguay
Venezuela
Regional organizations l/.
Other Latin America 1/
,790
,599
,443
,913
,321
3,492
-34,435
-1,760
-1,080
-3,034
688
}- 4,905
-26,634
11,245
-107,431
-134
..
Total Latin America
2
355
123
46
-19,262
118
2,380
-36,746
-5,515
-7,080
1,137
20
1,149
-5,522
-74,285
-16,615r
-58,373
-115,033r
326
-2,590
-2,703
14
1,148
24
8
8
180
324
37
7
-20
1
2
2
-4
270
21
198
-474
-4,034
-95
574
253
-62
-10,330r
-305
369
-8
-74,285
-1,545
1,919
-19,171r
-195
-80,923
-12,135
-3,406
-463
-293
12
-258
-19
95
-1
15
,739
-2
-8,960
-26,487
tsia:
China Mainland
Hong Kong
India
Indones ia
Iran
Israel
Japan
Korea, Republic of
15,283
151
24
-30
-50,536
-32,736
Philippines
Taiwan
Thailand
Other Asia
1,782
-370
-955
-29,326
1,879
-3
553
4,939
Total Asia
-96,654
59
2
1,513
-15
26
-2,117
-48,113
763
-3,169
14
-8
-1,962
-62,047
-50,300
-82
560
-110
-4
-52
-51
1
-1
-412
-8
1
2
4
-1,992
-54,582
-700
-2,58i,
-53,468
-116,397
-700
249
998
-1,545
-4,747
-40,627
-120,581
-175,242
-57,370
-6,401
-18,166
-6
9,067
-356
-5,554
-43,094
-16
8,535
-28,883
-121
621
-1,869
-19,441
-35,130
301
13,298
-7
-28,226
-75
-2,996
-15,015
-36,444
-72,693
-49,764
425
-24,344
international
-156,583
-147,046
1,291
-165 ,291
8,897
-...V
Irand total
-749,730
-644,717
-830,387
4
60
-452
-137
90
-1,807
-1,478
-589
304
1,000
-750
-3,252
3
<
-3,848
-759
-30,363
-32
-1
-25
-10,72
-3,304
-15,716
191
-23
25
-2
-4
15
-148
64
-3
-9,776
-35,696
-11,940
-34,074
-18,760
-23,980
1,064
1,191
-688
121
1,005
18
2,632
594
-5
607
180
451
75
5,230
-3
441
104
-101
32
1,728
6,859
23
200
1,506
-9,709
-4,078
-34,526
5,781
-28,964
-108,856
-156,397
-258,827
-162,526
-98,204
5
)ther countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt)
All other
Total other countries
J
,
8
-24,381
4
1,043, 39 3r
Beginning May 1960, data for Latin American regional organizations and,
beginning July 1962, data for European regional organizations (except
the Bank for International Settlements and the European Fund) are
-52,391
-150,057r
reclassified from "Other Latin America" and "Other Europe"
"Regional organizations,"
Preliminary.
r
Revised.
May 1961
87
.CAPITAL MDVaffiNTS.
Section III - Preliminary Detail? by Countries
Table 1.- Short-Term Banking Liabilities To Foreigners as of March 31, 1963
(Position in thousands of dollars)
Short-term liabilities payable in dollars
Country
Total
shortterm
liabilities
To foreign banks and official institutions
U. S.
Total
Deposits
Treasury
bills and
certif-
U. S.
Short-term
liabilities
payable
Treasury
bills and
certif-
foreign
currencies
'
To all other foreigners
Other
Total
Deposits
icates
in
icates
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of
Greece
Italy
Netherlands
Norway
Poland
Portugal
Rumania
Spain
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Yugoslavia
Regional organizations l/. ..
Other Europe
305,246
183,053
1,125
64,873
78,512
1,413,657
2,474,732
166,112
1,099,428
228,460
130,058
6,445
157,085
1,444
190,320
492,150
812,280
21,763
2,302
2,192,635
10,122
27,636
236,796
1,364,018
2,433,368
150,726
1,072,546
209,108
101,717
6,194
109,352
851
157,496
480,420
643,007
19,846
2,060
1,642,576
9,488
27,636
226,257
94,267
56,559
5,728
104,320
822
116,953
108,025
283,740
19,626
1,928
1,166,584
7,241
21,767
49,041
10,296,534
9,247,927
3,349,179
3,136,865
2,889,272
265,115
25,153
191,637
122,979
166,655
14,747
40,537
70,119
595,806
303,084
153,024
230,719
106,132
815
57,431
76,907
582
67,000
37,894
2,162
29,134
310
7,351
1,905
47,222
37,652
15,380
26,706
17,150
28,103
251
47,731
593
32,175
11,638
111,770
1,917
242
494,691
634
89,895
5,365
8,998
233
1,404
5,763
89,346
313,924
40,134
141,965
9,911
16,747
466
5,032
29
2,543
10,395
215,722
220
132
65, Ml
2,247
5,869
87,321
9,328
8,518
40
770
4,869,841
1,028,907
924,045
508,384
74,602
341,059
1,595,645
1,283,627
10,000
238,234
162,423
53,020
22,791
146,958
7,376
110,463
42,065
73,857
1,437
20,477
56,037
387,826
101,699
7,365
98,322
41,525
71,605
1,437
20,308
21,177
212,707
44,315
944
100
137
107
107
260
119
95
3,283
12,066
540
2,152
118,150
17,774
81,139
1M,730
75
25,700
92,800
169
9,160
82,319
95,277
97,042
108,048
47,138
96,116
435,515
157,719
301,659
42,830
17,466
35,699
31,433
31,834
192,788
157,719
162,604
24,507
16,410
35,525
9,220
25,406
192,569
24,119
127,674
14,057
4,266
1,056
16,700
1,600
7,880
5,513
6,428
219
132,000
27,050
2,831,262
1,518,869
1,031,575
203,227
284,067
China Mainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of
Philippines
Ta iwan
Thailand
Other Asia
35,951
60,831
49,150
30,095
28,023
96,461
2,232,844
115,877
180,297
87,933
367,381
315,176
29,787
31,947
40,936
28,275
20,185
91,334
2,209,109
85
153,572
81,027
364,526
275,217
29,702
27,776
29,369
20,761
12,684
56,889
1,273, 149
112,231
140,378
68, 114
169,199
204,285
Total Asia
3,600,019
3,440,822
HI, 736
32,202
40,685
19,204
234,738
468,565
Total Europe
Canada
52,027
53,344
226,836
321,535
75,592
245 ,811
4,000
17,800
1,047,836
1,797,909
35,000
684,770
104,930
28,411
38,000
362,000
143,545
410,851
2,162
24,838
310
6,776
528
3,768
428
M7
3,255
1,621
2,580
2,030
1,276
639
23
122
261
3,883
193
127
1,360
16,695
1,999
42
22 ,674
20
46,458
300,849
1,905
41,387
32,247
15,380
24,415
11,991
27,271
228
47,520
593
30,049
10,236
72,401
1,897
242
M7.384
3,784
89
634
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
Panama , Republic of
Peru
El Salvador
Uruguay
Venezuela
Regional organizations
Other Latin America
Total Latin America
11
174
80,
9M
92,792
13,310
20,060
M,082
207,632
52,416
79,417
72,312
15,705
64,240
242,123
17,653
80,484
80,184
90,525
13,171
19,856
13,829
203,442
71
44
1,477
31,780
66,473
71,182
2,823
1,493
66
M,696
57,984
240,652
2,040
114
M
548
470
2,M8
44
133
209
2,713
17,813
11,451
1,064
1,009
4,216
1,357
135,660
121,048
5,952
8,660
1,307,726
1,237,689
14,905
55,132
687
450
825
10
189,868
31,900
6,164
27,750
7,363
1,820
7,834
5,090
23,618
970
26,468
6,896
2,855
38,988
366
26,059
180,415
2,676
12,369
12,903
5,459
39,032
6,164
28,803
7,813
1,820
7,834
5,127
23,729
970
26,669
6,906
2,855
39,209
2,144,537
1,007,319
288,966
157,899
155,816
652
136,213
30,674
38,086
18,437
198,000
59,812
26,499
37,609
13,931
154,081
66,250
1,200
4,107
1,528
612
35,435
4,032
1,528
2,047
612
34,124
100
2,820
27,130
10,151
2,975
477
1,686
16,789
421,410
291,932
97,400
32,078
43,830
42,343
175
1,312
4,796,617
519,553
4,269,664
7,400
412
312
100
2,106,967
M3,354
421,825
Asia:
1M,907
6,200
7,500
7,000
8,386
755,545
4,171
5,367
M
501
37
75
36
201
10
221
1,431
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt)
All other
Total other countries
International
Grand total
1/
4,797,029
25,130,274
22,314,917
8,932,421
Excludes the Bank for International Settlements and the European
Fund, which remain classified with "Other Europe."
11,731,078
1,651,418
2,M8
2,672,M6
75
1
1,311
M3.211
Treasury Bulletin
88
.CAPITAL MOVMENTS
Section III - Preliminary Details by Countries
2.Short-Term Banking Claims on Foreigners as of March 31, 1063
Table
V
(Position in thousands of dollars)
Short-term claims payable in dollars
Loans to:
Country
Total
shortterm
claims
Collections
outstanding
for own
account and
domestic
customers
Foreign
banks and
official
institutions
Total
Short-term claims payable
in foreign currencies
Other
Deposits of reporting banks
and domestic
customers with
foreigners
Total
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of....,
Greece
Italy
Netherlands
Norway
Poland
Portugal
Rumania
Spa in
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Yugoslavia
Other Europe
Total Europe
Canada
,120
23 ,934
537
37
11,913
29,256
369
6,992
1,349
1,731
1,828
10,350
119
3,959
2,540
16,409
28,534
5,870
16,528
15,034
2,010
4,346
130
2,215
13 ,217
39 ,223
57 ,703
160 ,705
6 ,412
60 ,734
29 ,060
32 ,436
5 ,764
11 273
211
2
24 ,960
21 ,848
70 ,722
31 ,721
2
24,084
16,346
47,119
31,694
200 ,485
20 ,573
73,788
9,495
20,037
35,333
6,899
1,340
830,438
628,675
454,750
261,044
160,812
4,096
178,486
153,290
146,389
16,553
26,095
18,086
423,154
9,090
40,414
87,194
19,418
112,675
97,842
88,931
135,649
4,096
116,199
148,671
146,146
16,520
26,070
18,086
413,398
9,033
40,411
87,142
19,412
112,563
96,467
1,582,525
1 ,681
14 ,431
23 ,964
1 ,838
9 ,497
701
1,063
3,418
3,358
1,715
1,796
539
3,974
54,725
144
11,529
4,626
4,141
7,836
16,274
1,834
12,477
39,034
49,135
144,087
6,383
58,406
22,690
31,633
5,764
10,555
55
1,889
1,503
284
7,660
6,185
35,918
16,839
31,572
740
189
8,568
16,618
29
23,357
1,681
23,751
2,328
6,370
803
4
5,709
3,864
2
4,230
1,916
17,
U7
28,392
8,506
127
14,830
197
2
3,475
6,363
8,004
3,105
7,873
7,940
7,138
718
209
876
5,502
23,603
27
283
7,644
4
740
137
7,436
12,050
25
2,254
6,362
803
718
872
5,502
17,228
27
2
7,906
102
11,414
13,022
384
2,905
17,527
2,110
4,378
126,697
2
2
536
471
189,568
97,160
142,713
199,234
201,763
172,461
9,597
138,248
7,478
105,721
193,706
56,144
20,581
29,373
229
54,104
45,190
2,888
23,899
24,175
23,683
15,704
12,493
7,126
35,561
3,663
5,144
27,005
5,421
6,506
51,736
31,998
40,505
25,163
25,038
62,287
4,619
243
62,062
4,381
109,903
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
84
23,209
29,023
43,776
23,3%
9,259
9,937
540
11,102
15,368
14,219
36,341
816
429
1,632
109,956
5,370
17,617
12,893
1,709
4,224
11,436
21,120
1,478,438
333,951
330,645
1,668
5,204
6,338
9
3,739
8,044
443,052
Thailand
Other Asia
19 ,082
36 ,799
1,743 ,560
13 ,017
80 ,793
13 ,790
40 ,344
52 ,168
1,676
14,413
23,646
271
19,057
36,795
1,698,480
13,017
80,743
13,766
40,344
51,556
Total Asia
2,039,939
44, H8
1,725
12,686
19,413
Cuba;
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and Surinam
Panama, Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
Total Latin America
"-,'"-
4,004
3,684
149,165
J22,19;
895
14,987
72 ,077
42,346
9,144
5,644
118,716
33
25
9,756
57
82
19
1,137
54
8,391
37,307
11,742
90,731
17,927
21,238
52
28
6
112
1,375
356
112
833
248
491,650
104,087
93,994
5
5
1,228
8,825
18
318
39
25
17
282
3
Asia:
China Ma inland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of
Philippines
Ta iwan
310
8
2,635
541
53,686
2,655
12,037
17,497
21
2,280
53,521
874
7,635
96
422
5,068
5,346
7,942
262
13,901
4,001
180,811
10,512
5,943
2,645
5,477
23,392
1,396
22,470
1,021,096
1,631
13,479
8,370
22,408
5,599
612
508
1,993,764
553,929
73,093
260,240
1,106,502
46,175
44,246
29,154
4,394
10,365
14,994
7,434
462
11,920
7,312
366
270
26,905
12,779
1,444
10,031
482
17,493
769
347
234
179
4
4
45,080
43,384
50
24
46
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt)....
All other
Total other countries
64,639
12,320
19,143
63,870
1,616
280
324
6,740
12,160
L42,611
126,212
21,120
32,803
42,229
)0,050
16,399
8,194
5,050,263
4,488,133
1,108,165
671,949
774,852
1,933,167
562,130
375,039
1,725
1,503
1
1
International
Grand total
1/
Excludes convertible foreign currencies held by U. S. monetary authorities.
May 1961
89
CAPITAL MOVB/IENTS.
Section III - Preliminary Details by Countries
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners Du
(In thousands of dollars)
,
Treasury Bulletin
90
CAPITAL MOVEMENTS
Section IV - Supplementary Data by Countries
Table I.- Short-Term Liabilities to and Claims on Foreigner? Reported by Nonflnanclal Concerns
1/
(Position at end of period in thousands of dollars)
Liabilities to Foreigners
Country
Third revised
series 2/
Fourth revised series
1961
June
1961
September
September
1,930
24,769
208
3,361
778
40,520
39,532
1,818
30,014
48,786
9,308
1962
1962
December
Sixth revised
series 2/
Fifth revised series 2/
2/
June J/
1962
June j/
September
December
1,778
24,082
208
2,599
24,209r
215
5,043
976
34,311r
38,266r
3,476
27,117r
26,745
9,152r
399
1,200
1,860
21,179
208
2,722
649
32,213
33,434
1,084
28,311
25,746
10,431
402
898
p
December p
Europe:
2,217
1,206
126
5,145
6,189
39,029
3,581
134
110,091
2,193
1,926
31,155
43,727
9,882
196
1,406
144
8,085
5,591
39,258
3,817
153
111,160
2,671
616
2,058
26,893
952
5,231
598
32,589
29,940
1,672
23,523
43,021
8,051
255
914
120
9,984
8,363
25,470
4,432
57
119,520
5,455
533
1,741
22,882
208
4,380
539
27,907
31,775
2,242
22,463
40,573
8,196
280
719
80
7,823
6,657
15,493
3,728
92
117,479
6,321
1,420
852
30,138
33,794
2,363
25,078
40,883
8,209
298
833
82
8,438
6,917
18,133
4,042
99
121,865
6,335
2,315
114,748r
4,122
906r
1,860
21,175
208
2,717
643
32,213
33,410
1,084
28,077
25,738
10,429
402
898
34
8,704
7,040
24,109
4,333
116
93,209
3,515
898
369,745
370,725
365,596
349,631
322 ,998
341,356
341,012r
300,812
301,609
44,934
45,024
49,406
44,796
46,985
57,942
67,049
79,934
80,729
20,029
4,726
7,146
1,981
1,027
191
6,130
6,130
6,505
2,686
184
2,476
22,959
9,575
6,666
1,168
23,995
4,644
4,878
1,767
1,156
178
5,340
5,201
12,876
2,348
502
4,479
20,693
10,424
6,977
1,177
24,033
4,669
4,914
1,767
1,159
178
5,402
5,204
12,877
2,358
503
4,479
22,492
10,458
5,619
1,235
24,634
5,095
2,225
1,681
847
212
5,573
7,517
11,874
5,820
107
947
20,476
11,616
6,160
1,196
26,874
4,419
1,985
1,638
945
204
8,114
12,199
26,618
5,809
97
2,847
19,020
7,545
8,091
1,180
25,030
4,341
2,837
1,596
911
229
4,345
8,254
14,940
92
1,708
19,168
8,355
9,331
1,233
25,863
4,603
3,309
1,598
960
430
5,702
8,257
14,994
4,558
117
1,844
20,550
8,908
9,007
1,546
22,877r
4,723
3,101r
l,405r
2,455r
502r
6,679r
4,506
18,309r
3,260r
136
5,261r
19,187r
15,536r
8,947
1,797
17,125
3,590
3,657
402
1,507
531
5,539
5,471
24,844
8,056
231
817
23,115
19,955
8,961
1,797
17,316
3,596
3,662
402
1,515
531
5,556
5,471
25,194
8,057
231
819
23,519
19,958
102,488
106,315
108,647
105,478
125,670
105,240
112,257
118,490r
125,584
126,585
1,435
2,766
5,898
6,697
5,446
3,493
70,660
222
7,136
1,404
2,982
13,407
1,437
2,767
5,936
6,772
5,466
3,498
70,787
223
7,140
13,425
1,710
3,461
8,093
6,272
5,010
5,444
61,639
225
8,234
1,987
3,131
9,075
1,505
2,544
6,047
5,831
6,284
2,674
67,577
266
9,229
903
2,932
9,093
1,713
1,976
4,013
2,289
5,455
1,174
57,090
238
4,354
Tha Hand
Other Asia
1,450
2,616
5,369
9,686
5,222
2,176
67,866
265
7,328
310
2,926
9,103
334
5,164
14,361
1,726
2,277
8,448
2,367
6,964
1,410
58,503
240
4,788
353
5,237
15,031
l,723r
2,241
10,309r
1,806
6,019r
1,205
65,555r
1,183
4,946
454
2,844
12,713r
1,712
2,331
10,594
1,851
5,982
1,886
47,693
3,236
2,996
264
3,869
9,875
1,773
2,333
10,594
1,851
5,982
1,886
51,815
3,241
3,005
272
3,869
9,875
Total Asia
114,317
121,546
121,838
114,281
114,885
98,161
107,344
92,289
96,496
14,515
335
3,221
1,380
11,288
10,659
317
3,784
1,594
12,610
11,538
321
3,786
1,595
12,917
10,984
317
13,176
1,719
18,213
12,888
295
11,378
1,912
15,128
12,915
306
12,200
1,126
16,458
13,377
429
13,658
1,274
17,500
10,705
421
11,523
1,224
12,700
10,712
421
11,523
1,227
12,759
30,739
28,964
30,157
44,409
41,601
43,005
46,238
36,573
3o,6h2
56
88
88
476
407
407
684,235
671,592
676,479
679,646
635,599
642,468
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of....
Greece
Italy
Netherlands
Norway
Pola nd
Portugal
Rumania
Spain
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Yugoslavia
Other Europe
1,146
126
6,509
8,044
46,707
3,873
130
109,258
1,288
1,039
1,928
24,755
207
3,361
758
40,469
39,515
1,817
29,977
48,379
9,306
81
1,200
125
5,050
6,166
39,026
3,580
134
109,802
2,192
1,917
Total Europe
387,750
48,885
9,603
Canada
Latin America:
Argent ina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and Surinam
Panama, Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
Total Latin America
2,415
28,131
204
2,510
605
36,639
40,190
1,662
23,338
67,851
6,071
14
1,U0
81
30,874
209
5,300
681
32,286
34,054
2,1W
4,1j63
4,6H
31
10,992r
6,942r
25,404r
4,084
75
34
8,704
7,053
24, 1U
4,337
116
93,681
3,515
918
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of
Philippines
Taiwan
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt)....
All other
Total other countries
International
Grand total
1,405
,?,982
As reported by exporters, importers, industrial and commercial firms,
and other nonflnanclal concerns in the United States. Data exclude
claims held through United States banks, and intercompany accounts
between United States companies and their foreign affiliates.
110,998
13,573r
385r
12,432r
l,268r
Ll,941r
19,
540
676,583
2/
616,389
665,137
677,688r
Under a continuing program instituted at the end of 1960 to enlarge
coverage and to improve reporting by nonflnanclal concerns, data
are included from a number of firms reporting for the first time
as of June 30, 1961 (third revised series), as of September 30, 1961
May 1961
91
.CAPITAL MOVEMENTS.
Section IV - Supplementary Data by Countries
Table 1.- Short-Term Liabilities to and Claims on Foreigners Reported by Nonfinancial
Concerns
U-
(Con.
I
(Position at end of period In thousands of dollars)
Claims on foreigners
Country
Third revised
series 2/
Fourth revised series
1961
June
Europe:
Austria
2/
1961
September
September
4,356
17,120
1,550
5,704
1,741
36,129
74,254
2,383
33,505
23,132
7,485
4,384
17,207
1,550
5,787
1,780
37,041
76,479
2,404
33,943
23,338
7,520
384
Fifth revised series
1962
December
March
Sixth revised
series 2/
2/
1962
June
2/
June J/
1962
September
December p
December p
6,196
24,302
840
8,059
2,890
51,194
115,579
4,707
75,497
30,822
14,976
6,227
24,377
840
8,091
2,903
51,369
117,146
4,732
78,327
31,103
14,996
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Yugoslavia
Other Europe
4, 597
34,848
937
5,362
2,080
40,127
67,958
2,530
35,503
21,817
7,214
289
3,687
28
9,946
18,976
19,164
4,990
272
224,542
1,634
2,966
2,740
386
5,887
70
9,005
19,088
15,556
5,467
215
188,146
1,565
2,970
Total Europe
509,467
453,713
459,788
516,247
560,008
552,028
609,430
654,156r
644,599
661,090
557,698
652,561
655,136
606,911
687,028
678,728
723,482
824,095r
731,871
753,024
30,116
2,486
74,439
18,126
12,966
6,214
2,495
4,687
43,963
1,724
7,270
11,840
3,066
4,205
35,602
27,269
30,876
3,033
90,742
16,479
13,997
6,510
2,718
4,504
47,400
1,984
6,256
17,512
2,941
4,444
56,582
43,914
31,597
3,041
91,115
17,054
14,122
6,529
2,772
4,648
49,179
2,078
6,344
17,564
3,115
4,476
57,563
44,915
36,098
2,820
64,403
18,708
13,326
5,170
3,129
4,761
41,330
2,456
9,174
15,913
2,850
4,844
45,777
24,155
36,197
2,613
60,239
21,187
13,122
5,265
3,109
4,515
41,712
2,046
9,071
13,725
2,732
4,073
45,962
29,464
33,704
3,153
58,631
20,530
13,767
5,733r
4,110
5,403
41,400
2,935
9,643
12,122
3,093
4,212
38,285
31,282
36,467
3,609
68,167
23,938
16,337
5,831r
4,485
5,816
52,189
31,807r
4,031r
90,278r
25,287r
16,804r
6,093r
4,244r
5,944r
52,861x
2,169
9,698
22,808r
3,435r
5,348r
38,175r
42,975r
32,878
4,049
105,709
24,715
15,192
6,055
5,615
6,273
52,367
6,089
13,095
19,964
3,756
5,936
33,062
44,474
33,662
4,049
106,237
24,899
15,408
6,065
5,768
6,308
53,481
6,089
13,362
19,990
3,823
6,112
33,309
44,604
286,468
349,892
356,112
294,914
295,032
288,003r
336,255r
361,957r
379,229
383,166
61
3,081
12,757
3,029
7,001
7,633
63,117
1,058
7,172
1,719
2,616
18,001
66
3,158
12,837
3,113
7,395
7,721
63,386
1,067
7,222
1,736
2,688
18,681
25
15
Taiwan
Thailand
Other Asia
19
2,901
11,116
2,903
7,249
7,760
55,808
643
7,175
1,671
2,596
17,844
4,362
12,238
2,300
7,755
9,692
79,848
1,188
7,515
6,709
2,646
20,289
3,979
15,439
2,506
7,744
10,643
100,405
2,300
5,340
3,002
2,649
22,274
95,938
2,928
9,419
3,518
2,768
31,087
139
3,494
39,707
2,572
7,292
13,985
100,749
3,093
10,797
4,568
3,404
33,235
43
4,316
28,923r
2,523r
5,752r
ll,546r
lll,556r
3,344r
9,846r
3,065
3,992r
30,129r
21
4,371
33,950
2,779
7,260
9,638
119,313
3,675
10,357
3,393
5,441
25,965
4,375
34,523
2,782
7,260
9,672
122,899
3,789
10,633
3,397
5,441
26,084
Total Asia
117,685
127,245
129,070
154,567
176,296
192,034
223,035
215,035r
226,163
230,876
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt)....
All other
19,492
2,329
11,185
7,197
16,186
20,899
2,096
9,550
10,619
18,506
22,093
2,147
9,675
10,636
18,704
24,777
1,777
9,778
9,541
18,424
25,013
2,694
8,158
14,778
13,624
22,611
2,454
8,811
14,562
17,427
25,354
2,517
9,644
17,118
22,153
24,239r
2,613
10,258r
12,729r
26,565r
24,2£7
3,448
10,393
9,746
25,356
24,267
3,448
10,445
9,750
25,534
Total other countries
56,389
61,670
63,255
64,297
64,267
65,865
76,786
76,404r
73,170
73,444
730
730
2,055,762
2,102,330
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of....
Greece
Italy
Netherlands
Norway
Poland
Portugal
Rumania
Spa in
Canada
5,838
70
8,995
18,482
15,417
5,465
215
187,183
1,565
4,008
24,885
1,524
6,793
2,284
46,253
77,770
3,091
47,344
28,192
9,686
597
5,201
3,459
26,476
1,563
5,776
2,303
46,427
101,273
3,014
51,366
35,418
9,751
708
6,818
4,195
21,762
780
6,662
2,485
37,355
118,153
3,837
59,809
43,193
11,830
791
6,622
52
56
12,135
64
14,309
20,598
27,812
5,126
178
193,543
2,172
4,036
11,597
19,177
18,262
5,661
299
197,716
1,858
3,997
4,512
25,177
3,881r
27,133r
781
7,632
2,891
845
,818r
5
4,172r
49,052r
106,394r
5,684
62,332r
37,086r
13,208
418
5,665
22,250
23,871
3,811
172
165,099
1,548
3,430
42,827
129,993
4,381
67,144
46,811
12,387
1,212
6,881
65
16,138
23,341
26,962
5,359
184
177,656
2,283
4,813
15,136r
25,407r
33,997r
6,497
171
244,728r
2,281r
4,166r
807
227,191
2,817
5,001
5,977
348
19,716
15,306
28,991
3,761
807
237,832
2,858
5,018
85
365
5,975
348
19,545
15,227
28,555
3,706
365
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and Surinam
Panama, Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
Total Latin America
3,122'
10,612
14,189
3,289
4,580
44,455
39,169
Asia:
China Ma inland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea , Republic of
Philippines
136
3,115
24,235
2,395
6,142
10,353
21
Other countries:
International
Grand total
187
669
669
578
445
1,527,894
1,645,750
1,664,030
1,637,514
1,783,076
(fourth revised series), as of June 30, 1962 (fifth revised series),
and as of December 31, 1962 (sixth revised series). Changes in
liabilities and claims between quarter-ends can thus be computed
based on comparable coverage.
Beginning June 1962, data exclude liabilities to and claims on
1
352
360
l,777,010rl,969,348r
822
2,132, 469r
"associated foreign enterprises" (10-25JS ownership by reporting firms,
category formerly included in this series which henceforth will
be reported to the Department of Commerce). Amounts excluded as
of June 30, 1962, were $9,784 thousand in liabilities and 130,814
Revised.
Preliminary.
r
p
thousand in claims.
a
Treasury Bulletin
92
.CUMULATIVE TABLE OF CONTENTS.
June 1962 through May 1963
Issue and page
n
1962
June
July
Aug.
Reporting bases
Articles:
Treasury financing operations
Summary of Federal fiscal operations
Oct.
Nov.
II
II
11
II
II
Sept,
.
Jan.
Apr.
II
A-l
A-l
A-l
A-l
A-l
A-l
A-l
A-l
A-l
A-l
A-l
1
1
1
1
1
1
1
1
1
1
1
Budget receipts and expenditures:
Receipts by principal sources
Detail of miscellaneous receipts by major categories
Chart - Internal revenue receipts by principal sources
Expenditures by agenc ies
Interfund transactions excluded from both net budget receipts
and budget expenditures
Summary of appropriations and authorizations., expenditures, ai
balances, by agencies
Expenditures and balances by functions
Detail of excise tax receipts
Summary of Internal revenue receipts by States, calendar year 1962.
2
4
3
-
5
5
3
6
6
7
8
10
7
7
8
8
10
10
10
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 ma rket
Intertrust fund transactions excluded from both net trust account
receipts and net trust account expenditures
Federal Old-Age and Survivors Insurance Trust Fund
Federal Disability Insurance 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 December 31, 1962)
Cash income and outgo:
Summary of Federal Government, cash transactions with the public...
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 withdrawals from Treasurer's account
Intragovernmental transactions
Accrued interest and other noncash expenditures
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account
Summary of cash transactions through Treasurer's account
Account of the Treasurer of the United States:
Status of the Account of the Treasurer of the United States
Analysis of changes in tax and loan account balances
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 public debt issues to U. S. Government investment accounts..
Treasury holdings of securities issued by Government agencies
Interest-bearing securities issued by Federal agencies but not
guaranteed by the U. S. Government
9
9
10
11
13
10
11
11
13
9
10
L0
10
13
14
10
11
12
15
13
13
L6
14
12
12
13
14
15
16
10
10
10
10
11
11
12
L6
17
18
19
19
17
15
20
18
16
16
17
17
16
17
17
21
22
23
19
L7
20
18
.'1
19
18
15
18
15
24
26
20
21
22
22
23
22
22
22
.
20
11
11
14
13
12
13
15
14
14
14
16
15
15
16
16
17
18
18
16
1
12
12
13
13
16
15
15
I
U
16
17
16
23
24
25
11
12
12
13
14
15
15
Statutory debt limitation
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 Treasury 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
Foreign series securities (nonmarketable) issued to fori tgn
monetary authorities
Foreign currency series securities (nonmarketable) issued to
monetary authorities
9
9
10
17
15
20
17
16
18
16
21
18
17
19
17
18
22
23
24
19
20
21
18
19
20
21
23
23
24
20
21
25
22
24
20
22
25
27
22
24
19
4
22
27
20
25
28
2"
28
29
24
26
23
24
25
26
23
24
25
21
26
25
25
25
30
(0
27
27
25
25
28
26
30
30
31
27
27
28
26
26
27
31
32
33
28
29
30
27
28
29
29
30
27
8
26
31
28
26
27
31
28
24
30
31
i;
29
25
i;
30
33
30
26
27
28
26
33
31
29
34
31
29
34
31
30
27
34
<.:
30
!5
32
30
35
32
31
28
35
38
)..
36
38
40
33
i"
33
35
31
(0
-3
23
>7
.
29
32
12
37
31
33
35
40
37
33
35
37
32
34
36
35
!5
42
40
38
43
40
39
44
40
39
41
41
48
46
44
49
46
46
51
45
44
45
45
52
50
48
50
50
55
48
47
54
53
55
54
28
30
<,,
33
35
35
:
(Continued on following page)
May 1961
CTMOLATTV*
Treas.
HJ
U.S. Treasury Dept.
10
.A2
Treasury Bulletin
1963
c.2
@FedFRASER