Full text of Treasury Bulletin : May 1964
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LIBRARY
ROOM 5025
SEP
81965
TREASURY DEPARTMENT
LIBRARY
/?00M 5030
JliN
mASm
2 3 1972
DEPARTMENT
TREASURY DEPARTMENT
POSTAGE AND FEES PAID
U.S. TREASURY DEPARTMENT
FISCAL SERVICE, BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON 25, DC.
OFFICIAL BUSINESS
BUY
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UNITED
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SAVINGS
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MAY
1964
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UNITED STATES TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
w
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 1964
Table of Contents
Page
Treasury financing operations
A-1
Summary of Federal fiscal operations
1
Administrative budget receipts and expenditures.
2
Trust and other transactions
11
Consolidated cash transactions
21
Account of the Treasurer of the United States...
24
Debt outstanding
27
Statutory debt limitation
32
Public debt operations
33
United States savings bonds
66
Ownership of Federal securities
71
Treasury survey of ownership of Federal
securities
73
Market quotations on Treasury securities
77
Average yields of long-term bonds
80
Monetary statistics
82
International financial statistics
86
Capital movements
88
Corporations and certain other business-type
activities-income and expense, and source
and application of funds
107
Cumulative table of contents
149
II
Treasury Bulletin
'
Reporting Bases
Data on receipts, expenditures, and debt which appear
In the "Treasury Bulletin" are based largely on two Treasury
financial reports, the "Dally Statement of the United States
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 "Circulation State.Tient of United States Money," Where these statenients are given as sources for Individual tables, they are
cited by name only.
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.
The monthly statement of receipts and expenditures
was first published for February 195^, and replaced the
dally statement as the primary source of Information on
budget results and other receipt and expenditure data
classified by type of account. At the same time, the
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 comparative figures on their respective bases from the beginning
of the fiscal year 1953. The announcement of February 17,
195^^, with respect to these reporting changes may be found
In the April 1951+ Issue of the Bulletin.
The monthly statement shows all receipts and expenditures of the Oovernment, 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 oomiierclal banks. These reports cover
transactions recorded In the accounts of the agencies
during the reporting period.
The net of the transactions
as complied from these reports Is reconciled In the
monthly
statement to changes In the balance In the Treasurer's account and In cash held outside the Treasurer's account and
changes In the public debt outstanding.
Receipts of taxes and customs duties are reported on a
collections basis. Other receipts are reported partially
on a collections basis and partially on a deposits basis.
Expenditures, except Interest on the public debt, are reported on the basis of checks Issuec or cash payments made
by disbursing officers.
Transactions of an Interfund or
Intragovernmental 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 I955 and
the fiscal year I955.
Prior to that, it was Included on
a due and payable basis.
The sa^me reportlnj; basis as that
In the monthly statement provides the fiscal year figures
for the Treasury's "Combined Statement of Receipts, Expend-
itures and Balances of the United States Sovernment" and
for actual receipts and expenditures In the "Budget of the
United States Government."
Beginning with the final statement for the fiscal
year I960, the monthly statement reports totals for net
budget receipts and budget expenditures after deduction
of certain Interfund transactions which are Included In
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
agencies to the Treasury. This reporting change was made In
accordance with the plan stated In the President's Budget
Message of January 12, 1960. It does not affect the surplus
or deficit. Figures for earlier periods shown In the Treasury Bulletin were revised to the new reporting basis In the
September i960 Issue. The Interfund transactions deducted
under this procedure do not Include payments to the Treasury by wholly owned Government corporations for retirement
of their capital stock and for disposition of earnlnge.
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 dally statement on the new basis was first Issued
for February 17, 1954-.
In the deposits and withdrawals as
shown, 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 classifications shown are reported on the basis of mailed reports
of checks Issued and are adjusted by means of clearing ac-
counts to the total of checks paid.
Except for relatively
minor amounts, noncash interfund and other intragovernmental
transactions are excluded. The public debt figures In the
dally statement also are on a "clearance" basis, with the
exception of those issuance and retirement transactions
reported on the basis of telegrams from Federal Reserve
Banks.
Noncash debt transactions are included, however.
The daily statement before February I7, 195'+, covered
not only transactions cleared through the Treasurer's account but also certain Government agency transactions which
were handled through commercial bank accounts, and included
noncash interfund and other Intragovernmental transactions.
It provided information similar to that in the present daily
statement with respect to the statue of the Treasurer's account, and similar to that In the present end-of -month dally
statement with respect to debt issuance, retirement,
amount outstanding.
and
Receipts and expenditures, however, were
classified by type of account, and the budget results shown
1
May 1964
III
Reporting Bases
In the dally statement were used ae 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 l^kG they were on the basis of checks paid
by the Treasurer of the United States. Beginning with I947,
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,
Note:
were on the basis of checks paid.
V/here
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 19U9 and on a checks-paid basis prior to that time.
The circiJlatlon 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 daily
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.
calculations have been made from unrounded figures, the details may not check to the totals shown.
Mali
1964
iUl
Treasury Financing Operations
May Refunding
$1,000 representing the discount on the new notes.
Coupons
On April 29, the Treasury anncrunced an exchange offering
dated May 15, 1%4, on the maturing certificates and notes in
of two securities to holders of three issues maturing May 15,
bearer form exchanged for the new notes and bonds were to be
1964.
Ovmers of the maturing issues, totaling $10.6 billion,
were given the option of exchanging them for a like face amount
of either or both of the securities offered.
books were open from May 4 through May 6.
detached by holders and cashed when due
Cash subscriptions
Interest on regis-
tered notes was paid by check or credit.
Interest on the 4 percent Series E-1965 notes is payable
The subscription
were not received.
.
semiann\:ially on November 15, 1964, and on
15, 1965.
May 15 and November
Interest on the 4-1/4 percent bonds of 1974 is
payable semiannually on November 15, 1964, and thereafter on
The exchange options consisted of:
Series E-1965,
4. percent 18-month Treasury notes,
dated May 15, 1964., and to mature November 15,
1965, at 99.875 to yield about 4.. 09 percent; or
percent 10-year Treasury bonds of 1974,
dated May 15, 1%4, and to mature May 15, 1974,
at par.
May 15 and Novanber 15 in each year until their maturity.
The
new issues are not subject to call for redemption prior to
maturity; the 4-1/4 percent bonds, however, are redeemable at
4.-I/4.
par prior to maturity in payment of Federal estate taxes if
owned by the decedent at time of death.
Secvirities issued
in exchange
Securities eligible
for exchange
Maturing May 15, 1964:
3-1/4^ certificates
of indebtedness,
Series B-I964,
dated May 15, 1963..
4-3/4% notes,
Series A-I964,
dated July 20, 1959.
3-3/4% notes,
Series D-I964,
dated June 23, I960.
Total.
Amount
of eligible
securities
outstanding
4%
notes,
E-1965
4-1/4%
bonds
of 1974
Total
Treasury Bulletin
k-2
Treasury Financing Operations
were issued in cienominations of $1,000, $5,000, $10,000,
$100,000, $1,000,000, $100,000,000, and $500,000,000,
for the
notes, and $500, $1,000, $5,000, $10,000, $100,000, and
$1,000,000 for the bonds.
One-Year Bills
Tenders were invited on April 24, for the auction on
April 30 of $1 billion, or thereabouts, of 359-day Treasury
Of the total $1,884 million tenders received,
bills for cash.
$1,001 million was accepted at the average bank discount rate
of 3.705 percent.
Nonconpetitive tenders for $200,000 or less
(without stated price) from any one bidder were accepted in
full at the average price of accepted competitive bids
.
These
totaled $17 million.
Payment for accepted tenders in cash or other innediately
available funds was required to be completed on May 6, 1964.
Payment by credit in Treasury tax and loan accounts was not
permitted.
Banking institutions generally could submit tenders
for account of customers provided the names of the customers
were set forth in such tenders.
Others than banking institu-
tions were not permitted to submit tenders except for their
own account.
Tenders were received without deposit from
incorporated banks and trust companies and from responsible
and recognized dealers in investment securities.
Tenders
from others were required to be accompanied by payment of
2
percent of the face amoxmt of the one-year bills applied for,
unless tenders were accompanied by an express guaranty of
payment by an incorporated bank or trust company.
The 359-day bills are dated May 6, 1964, and mature
April 30, 1965, when the face amount will be payable without
interest.
Issued in bearer form only, the bills are in de-
nominations of $1,000, $5,000, $10,000, $50,000,
$100,000,
$500,000, and $1,000,000 (maturity value).
IJ-Week and 26-Meek Bills
Issues of regular weekly Treasury bills in April totaled
$10.7 billion, refunding an equivalent amount maturing (in-
cluding $0.2 billion for the last two maturities of the strip
bills issued on October 28, 1963).
The new bills consisted
of two 91-day issues of $1.3 billion each, three 91-day issues
of $1.2 billion each, and five 182-day issues of $0.9 billion
each.
-
(Continued)
Average rates of
the following table.
May {964
SUJWARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
Administrative budget
receipts and expenditures
Period
Net
receipts
1/
Fiscal years:
1950
Expenditures
1/
Surplus
or
deficit
(-)
Net of
trust
and other
transactions
Clearing
account,
etc. 2/
decrease
2/
-3,122
3,510
-4,017
-9,449
-3,117
-4,180
1,626
1,596
-2,819
-12,i27
1,224
-3,856
-6,378
-6,266
(-)
1962
1963
81 ,409
86,376
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
92,642
196i (Est.).
1965 (Est.).
88,400
93,000
98,405
97,900
-10,005
-4,900
37,235
52,877
64,705
63,654
60,938
63,119
70,616
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
94,188
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
592
-7,088
-7,040
1,953
-6,306
-7,199
-6,672
3,566
7,089
10,053
3,030
7,027
8,360
7,252
-3,636
-1,452
2,727
-5,494
-1,042
788
203
-59
-126
-15
1963-Jan
Feb
Mar
Apr
May
June
5,533
7,305
9,663
5,735
6,953
12,061
8,013
6,763
7,806
7,590
7,470
7,715
-2,480
-126
404
-270
269
-223
-529
July
Aug
Sept
Oct
Nov
Dec
3,547
7,290
10,095
3,400
7,131
8,803
7,363
8,305
7,815
8,776
7,784
8,239
-4,316
-1,015
2,279
-5,377
-652
514
192
-7
155
93
135
76
196i-Jan
Feb
Mar
Apr
5,853
8,047
10,148
6,609
8,492
-2,639
-130
7,521
7,871
7,930
526
581
2,277
-1,322
-41
428
-357
392
607
^%L, to date..
70,922
30,646
-9,724
1,661
36,i22
1951
47,4.80
1952
1953
1954
1955
1956
1957
1958
1959
I960
61,287
64,671
64,420
60,209
67,850
70,562
68,550
67,915
77,763
77,659
1961
Calendar years
1950
1951
1952
1953
195i
1955
1956
1957
1958
1959
1960
71 ,749
68,262
72,738
79,518
78,157
84,709
87,516
1961
1962
1963
Months
1962- July
Aug
Sept
Oct
Nov
Net
increase
in
public
debt, or
99
679
483
-214
147
435
323
-401
97
196
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
7,659
83
64
-43
5,940
5,200
231
-194
195
633
-329
-50
-602
436
-257
-250
-303
284
522
-523
530
-6
-145
507
U8
Treasurer's
account
balance, or
decrease (-)
2,047
1,839
-388
-2,299
2,096
-3,916
8,200
8,200
311,800
317,000
4,232
4,295
6,064
4,577
5,180
4,545
4,427
4,606
256,708
259,419
267,391
275,168
278,750
280,769
276,623
274,898
232,922
290,798
290,217
296,169
303,470
309,347
87
-423
-U7
-106
-319
-209
-34
376
2,711
62
1,770
-1 ,483
603
-635
-117
179
355
622
828
83
1,015
-134
-691
23
-693
234
729
168
-21
224
109
-237
154
204
183
493
-1 ,730
-243
-304
48
-325
3,966
-2,344
2,569
3,323
-1,920
-4,051
2,151
738
-2,750
-53
1,221
-2,024
-1,645
8,025
7,875
-581
5,952
7,301
5,877
Guaranteed
securities
140
240
444
607
331
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
311
739
-259
267
1,092
Public
debt
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
305,860
-551
7,973
7,777
3,582
2,019
-4,141
Debt outstanding
Treasurer's
account
balance
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
12,116
815
-41
101
Levels, end of period
Net
increase in
4,961
5,583
6,411
6,494
7,509
7,375
20
29
Total
Subject to
Federal
limitation
securities 4/
306,466
256,652
254,567
258,507
265,522
270,790
273,915
272,361
270,188
276,013
^^4,393
236,065
283,862
298 21
306,099
749
705
313,549
317,705
312,139
317,350
24
42
54
76
34
.'56,731
'^9,461
256,026
258,794
266,821
274,671
278,256
230,348
276,276
274,564
282,607
290,513
289,971
296,061
303,616
309,724
46
52
81
44
74
107
101
111
53
103
104
109
127
156
330
518
742
257,377
255,251
259,151
266,123
271,341
274,418
272,825
270,634
276,444
284,817
286,471
289,211
298,6.'.'.
267,445
275,244
278,784
230,322
276,731
275,002
283,031
290,925
290,373
296,499
303,988
310,039
,
:
Dec
8,541
7,327
8,524
8,070
7,572
106
457
542
1,357
-1,854
-516
4,346
6,380
8,530
9,268
6,518
7,109
7,509
297,876
806
-1,672
978
4,558
5,485
7,446
8,252
6,579
7,558
12,116
303,417
304,638
302,993
303,166
305,204
305,860
,132
-5,118
-152
2,938
-5,273
760
2,105
6,998
6,846
9,733
4,510
5,270
7,375
133
-770
1,780
-767
-1,939
-3,111
2,531
1,861
-2,571
291
1,741
-6,031
189
-1,796
1 ,075
635
-206
864
-260
-320
85
31
-1 ,025
-330
402
204
-495
1,700
100
-193
1,773
383
1
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
estimates are from the
explanation of reporting bases, see page II);
1965 Budget document, released January 21, 1964, Including effects
of proposed legislation.
More detail for data on this page will be
found in succeeding tables.
Fiscal year figures beginning with the September 1960 issue of the
1/
Treasury Bulletin, and calendar year figures beginning with the June
1961 issue exclude certain interfxind transactions from both net budget
receipts and budget expenditures (seepages, 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
deficit.
Excess of receipts, or expenditures (-). For detail, see pages 11-15.
2/
For checks outstanding and telegraphic reports from Federal Reser/e
2/
banks; public debt interest accrued and xanpaid beginning with June
and the fiscal year 1955 (previously included from November 1949 as
'
1,961
173
2,033
656
591
400
298,324
302,312
299,986
302,553
305,893
303,983
299,612
302,131
305,521
303,616
548
562
577
607
303,943
305,179
303,541
303,728
305,781
306,466
303,577
304,809
303,172
303,359
305,413
306,099
304,835
306,535
306,635
306,442
308,215
309,347
647
674
693
705
713
742
305,432
307,209
307,328
307,147
308,933
310,039
305,115
306,842
306,962
306,731
308,567
309,724
4,264
6,795
8,656
6,085
308,577
310,357
309,590
307,601
762
793
818
802
309,339
311,150
310,403
303,402
308,975
310,786
310,045
308,040
6,085
307,601
802
308,402
303,040
301 ,842
299,498
302,067
305,390
303,470
448
470
487
436
503
518
531
541
297,391
301 ,938
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; 5275 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, I960; $298 billion on July 1, 1961; $300
billion on March 13, 1962; $308 billion on July 1, 1962; $305 billion on
April 1, 1963; $307 billion on Hay 29, 1963; and $309 billion on July
Under the act approved November 26, 1963, the limitation is $315
1, 1963.
billion from December 1, 1963, through June 29, 1964, and $309 billion
on June 30, 1964.
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
May 1964
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 2.- Detail of Miscellaneous Receipts by Major Categories
(In millions of dollars)
Fiscal year
or month
Total
Interest
Dividends
and other
earnings
Realization upon
loans and
investments
Recoveries and
refunds
Royalties
Sale of
Sale of
Governprodment
ucts
property
Seigniorage
Fees for
permits
and
licenses
Fees and
other
charges
for
services,
Fines,
penalties
and forfeitures
Other
V
etc.
2,7i9
3,196
3,158
628
745
4,06i
4,082
3,206
4,436
(Est.)
(Est.)
963- July..
438
674
506
328
328
587
266
322
343
79
90
93
387
345
325
312
304
350
49
49
160
28
59
53
54
161
86
93
967
942
877
765
1,111
436
1,012
96
114
374
330
342
370
111
81
62
124
392
343
263
263
53
55
58
1,076
114
182
154
200
57
805
743
860
45
101
100
101
110
4,053
4,113
952
830
917
937
563
375
155
132
137
377
474
404
50
55
82
119
567
250
254
266
79
75
104
86
27
26
21
10
Aug .
Sept..
6
9
-19
56
15
16
26
53
30
4
10
Oct...
Nov
Deo...
257
224
400
13
28
16
11
51
61
3
10
5
51
14
11
18
13
33
28
36
5
165
74
78
82
9
3
352
89
81
58
10
-13
Feb...
Mar .
591
125
25
73
72
266
92
7
10
11
36
23
24
56
32
9
6
27
6
Apr.
240
87
34
13
20
29
803
729
55
273
356
957
953
959
960
961
952
963
964.
965
.
.
964- Jan .
.
.
.
.
Y.
.
313
601
54
38
4
371
131
121
29
431
44
133
20
23
23
6
5
8
16
12
11
437
14
11
79
125
142
255
343
35
83
7
6
6
6
9
7
6
5
4
8
5
2
6
4
U
6
325
94
89
7
10
5
4
7
13
7
9
5
5
11
13
6
1
12
5
1
26
1
12
1964
date.
.
.
.
3,447
795
122
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
ource:
iy
Footnotes to Table
Includes adjustments as follovs for:
Income taxes not withheld,
September -$3 million, December -$5 million, and March -$6 million;
income taxes withheld, September +$8 million, December -$316 million,
and March -$50 million; transfers to Federal Old-Age and Survivors
Insurance Trust Fund, September -$10 million, December +$300 million,
and March +$52 million; and transfers to Federal Disability Insurance
Trust Fund, September +$5 million, December +$21 million, and March +$4
million. See also footnote 9.
Interest on refunds is included in expenditures in Table 3.
The principal amounts for refunds of employment taxes and certain
excise taxes (highway) are excluded from the transfers of tax receipts
shown herein, and are included with refunds of internal revenue
receipts, applicable to trust accounts.
Amounts appropriated to the Federal Old-Age and Survivors Insurance
Trust Fund are equivalent to the amounts of taxes collected and
deposited for old-age insurance. Amounts transferred currently for
appropriation to the trust fund are based on estimates of old-age
insurance tax receipts made by the Secretary of the Treasury (42
U.S.C. 401 (a)), and are adjusted in later transfers on the basis of
wage and self-employment income records maintained in the Social
Security Administration.
The Federal Disability Insurance Trust Fund was established by the
Social Security Act Amendments of 1956, approved August 1, 1956 (42
U.S.C. 401 (b)). The act appropriated to the trust fund amounts
equivalent to specified percentages of the wages and self -employment
income, respectively, which are taxed for old-age insurance, and
provided that the amounts appropriated should be transferred from time
to time to the trust fund on the same basis as transfers to the Federal
Old-Age and Survivors Insurance Trust Fund. Rates of tax were increased by the percentages appropriated to the Federal Disability
Insurance Trust Fund, the increase being applicable to wages paid and
taxable years beginning after December 31, 1956.
Amounts are appropriated to the Railroad Retirement Account equal to
the amount of taxes under the Railroad Retirement Tax Act deposited
1
12/
12/
14/
15/
»
57
50
100
57
45
from the 1965 Budget document, released January 21, 1964, including
effect of proposed legislation.
Consists of miscellaneous taxes (principally the tonnage tax on foreign
vessels entering U.S. ports) , bullion charges, and gifts and contributions.
-
(Continued)
in the Treasury, less refunds, during each fiscal year (65 Stat. 222
and 66 Stat. 371) and transfers are made currently.
The Employment Security Act of I960, approved September 13, I960 (42
U.S.C. 1101), established in the Unemployment Trust Fund an administration account, and appropriated for credit to that account,
beginning with fiscal 1961, amounts equivalent to taxes collected
and deposited under the Federal Unemployment Tax Act. The tax
receipts are transferred currently on the basis of estimates by the
Secretary of the Treasury, with later adjustments as necessary.
From that account are to be paid the administrative expenses of the
employment security program. Previously the corresponding amounts
were included, respectively, in budget receipts and budget
expenditures
The Highway Revenue Act of 1956, as amended, (23 U.S.C. 120, note)
established a Highway Trust Fund from which are to be made, as
provided by appropriation acts. Federal-aid highway expenditures
after June 30, 1956, and before October 1, 1972. The act appropriated to this fund amounts equivalent to specified percentages of
receipts from certain excise taxes on motor fuels, motor vehicles,
tires and tubes, and use of certain vehicles, and provided that the
amounts appropriated should be transferred currently to the trust
fund on the basis of estimates by the Secretary of the Treasury with
proper adjustments to be made in subsequent transfers. Before fiscal
1957 corresponding excise tax receipts were included in net budget
receipts and Federal-aid highway expenditures were included in
budget expenditures
For content, see Table 4. These transactions are included in the
detail of both budget receipts and expenditures but are deducted
from the totals (see Reporting Bases, p. II).
Figures in this column differ from those published under the same
caption prior to the September 1960 Treasury Bulletin because of the
exclusion of certain interfxmd transactions (see footnote 14).
Less than $500,000.
I
Treasury
ACMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
1950
Source
*
Infernal Revenue Service collection reports For explanation of difference in reporting basis from budget receipts tlirougit 1954, see the Treasury
Bulletin for July 1962, p.80, and the Annual Report of the Secretory of ffie Treasury for 1962 p 599
Beginning with the fiscal year 1955, includes undistributed depository receipts and unapplied collections. The whole amount of such receipts for excise
taxes
IS
included under "Other excise taxes
Oftlc* of tha Sccraiorjr of tha Traoiurji
"
Bullet h^
May 1964
ADMINISTRATIVE 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
10
97
99
U
11
118
47
56
49
56
52
1962
1963
126
134
153
147
70
29
1964 (Est.)
1965 (Est.)
166
179
67
72
14
10
13
October.
November.
December.
to the
President
Agriculture
Department
4,115
4,081
4,109
5,006
4,875
23
1,764 2/
1,808
2,053
3,968
5,419
5,929
6,669
7,735
25
23
2,817
2,533
5
3
5
1
5
1
320
295
264
13
10
13
6
2
5
1
96a- January.
February.
15
16
5
2
5
March
9
6
1957
1958
1959
1960
1961
1963-July
August. .
September.
.
.
1
Funds
appropriated
.
April.
F.
Y.
39
57
62
5
Commerce
Department
Health,
Education, Interior
and
DepartCivil
Welfare
ment
functions Department
Defense Department
Military
562 2/
645
382
38,439
39,062
41,233
639
733
807
2,295
2,645
3,092
572
666
539
902
999
1,128
3,403
3,685
4,215
4,909
690
594
676
42,824
44,677
48,205
48,252
6,973
5,815
736
833
52,300
51,200
1,141
1,192
5,530
5,853
983
75
67
99
106
676
52
3,848
4,047
3,916
464
871
111
387
318
342
236
970
638
712
76
45
4,316
3,818
4,290
122
95
94
2
171
738
567
567
65
2
192
281
43
4,117
4,040
4,143
83
70
76
333
519
76
4,215
3,122
7,291
598
40,381
o
13
7,091
498
41
53
751
Justice
Department
214
229
250
Labor
Department
418
567
1,016
Post
State
Office
DepartDepartment iy
518
674
774
549
331 4/
1,029
258
284
294
317
620
257
914
797
770
1,114
1,148
330
343
415
667
475
89
117
117
26
34
24
97
490
389
413
106
67
91
24
25
27
513
496
489
93
99
72
35
25
26
-224
48
85
538
78
26
31
945
4,619
954
272
321
971
441
801
908
91
21
71
65
68
77
525
546
179
206
272
247
253
307
408
385
382
-13
85
79
59
29
32
22
30
25
27
34
-15
145
28
59
30
41
3
24
196i
to date.
.
.
127
54
18
437
330
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 4.- Interfund Transactions Excluded from Both Net Budget Receipts and Budget Expenditures
(In millions of dollars)
Interest payments to the Treasury 1/
Total
year o
month
1957
1958
1959
467
I960
694
654
633
567
355
Total
interest
Commodity
Credit
Corp.
ExportImport
Bank of
Washington 2/
456
557
342
340
421
181
465
410
330
186
46
43
41
24
31
41
Housing
and
Home
Finance
Agency
47
45
39
513
1964 (Est.)...
1965 (Est.)...
685
600
670
584
195
26S
1963- July
August. .
September
245
52
28
245
52
28
193
50
1
25
October.
November.
December.
11
6
1962
1963
1
96^- January
February.
March..
.
.
April.
.
.
F.Y. 1964 to date.
1
26
57
51
21
Panama
Canal
Company
omall
Business
Admin.
90
118
146
160
170
176
see
Valley
Authority
y
682
640
620
499
1961
Tennes-
6
11
9
9
9
9
10
11
11
Veterans
Administration
Under
Defense
Production
Act
other
6/
y
4/
Reimbursement by
Panama
Canal
Company
2/
10
14
19
24
30
42
10
23
35
6
11
15
14
20
32
40
47
27
32
50
50
Charges
for
audits
of
various
af^encies
9
12
16
13
154
Federal
intermediate
credit
banks
franchise
tax 8/
21
26
13
12
14
15
16
25
1
1
26
80
77
120
120
12
12
15
11
590
578
73
196
23
150
See Table 1
Source:
1/ By Government agencies operated as revolving funds; on loans (see "Debt
Outstanding," Table 6) and other interest-bearing U. S. investments.
2/ Excludes transactions under Defense Production Act.
Office of the Administrator for college
2/ Consists of payments by:
housing, urban renewal, prefabricated housing loans for 1955, and public facility loans beginning 1957; Federal National Mortgage Association;
and Public Housing Administration..
4/ Direct loan program.
By various agencies for programs under the Defense Production Act,
Colorado River Dam Fund, Boulder Canyon
6/ Consists of payments by the:
project; Virgin Islands Corporation; Bureau of Federal Credit Unions;
27
24
96
49
111
12
Civil Defense Program Fund; Farmers' Home Administration: Agricultural
Credit Insurance Fund (formerly the Farm Tenant Mortgage Insurance Fund
and the direct loan account, both established pursuant to Title III of
the Agricultural Act of 1961, approved August 8, 1961; Informational Media Guaranty Fund beginning 1959; Federal Ship Mortgage Insurance
Fund beginning I960; and St. Lawrence Seaway Development Corporation
beginning I960.
7/ For net cost of Canal Zone Government, less tolls on Government
vessels, and for part of treaty payment for use of Canal Zone.
8/ Realization on the Government's investment,
«
Less than $500,000.
Footnotes to Table 3.- (Continued)
U
6/
2/
8/
2/
10/
Beginning with fiscal 1961, administrative expenses of the employment security program are handled as trust account expenditures
rather than budget expenditures, pursuant to the Employment Security
Act of I960, approved September 13, I960 (^2 U.S.C, UOl); see
Table 1, footnote 12,
Reported on an accrual basis effective June 30, 1955.
Includes Reconstruction Finance Corporation except beginning July 1,
Under Reorganization Flan No. 2
1954, certain functions transferred:
of 1954. (15 U.S.C. 609, note) to the Export-Import Bank, the Federal
National Mortgage Association, and the Small Business Administration;
and under Executive Order 10539» as amended, {15 U.S.C. 603, note)
to the General Services Administration,
The corporation was abolished
at the close of June 30, 1957, by Reorganization Plan No. 1 of 1957,
and its remaining functions were transferred to the Housing and Home
Finance Administrator, Administrator of General Services, Administrator
of Small Business Administration, and Secretary of the Treasury.
Established pursuant to the Federal Aviation Act of 1958 (49 U.S.C.
1341 (a)), approved August 23, 1958,
Established pursuant to the National Aeronautics and Space Act of
1958 (42 U.S.C. 2472 (a)), approved July 29, 1958.
Consists of Federal payment and loans and advances.
For content, see Table L,. These transactions are included in the
detail of both budget receipts and budget expenditures, but are deducted from the totals (see Reporting Bases, p. II).
11/ Figures in this column differ from those published under the same
caption prior to the September I960 Treasury Bulletin because of the
exclusion of certain interfund transactions (see footnote 10),
1_2/ Effective January 1, 1957, the production credit corporations were
merged in the Federal intermediate credit banks, pursuant to the Farm
Credit Act of 1956, approved July 26, 1956 (l2 U.S.C. 1027), and operations of the merged agencies (as mixed-ownership corporations) were
classified as trust enterprise funds from January 1, 1957, until
January 1959 when they were classified as Government-sponsored enterprises (see "Trust and Other Transactions," Table 3); previously the
operations of the banks and the corporations, respectively, were
classified as public enterprise funds and were included net in budget
expenditures,
12/ Includes $1,375 million paid to the International Monetary Fund for the
additional United States subscription, authorized by an act approved
June 17, 1959, consisting of 5344 million in gold (see "Monetary
Statistics," Table 3) and $1,031 million in special notes. The special
notes of the United States issued to international institutions are
nonne^otiable and noninterest-bearing and are payable on demand, See als<
"Consolidated Cash Transactions," Table 2 and "Debt Outstanding, "Table 1
14/ Totals include $250 million allowance for contingencies.
1^ Totals include $300 million allowance for contingencies, $250 million
allowance for attack on poverty, and $544 million for comparability pay
adjustment.
*
Less than $500,000.
tMai/
1964
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Agencies,
Table 5.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by
as of March 31, 1964
(In millions of dollars; negative figures are deductions In the columns in which they appear)
Additional, fiscal year 1964 to date
Agency
Unexpended
balances
brought forward
July 1, 1963
1/2/
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President 7/
Agriculture Department
Commerce Department
lefense Department:
Military 7/
Civil
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Tost Office Department
.itate Department
Treasury Department
Atomic Energy Commission
='ederal Aviation Agency
}eneral Services Administration
Housing and Home Finance Agency
National Aeronautics and Space Administration
Teterans Administration
Other independent agencies
District of Columbia - Federal payment and loans to.
'
Total
51
5
3
13,479
3,206
1,151
32,568
320
2,084
Increase
Appropriations
2/
172
66
25
2,262
6,983
805
49,914
1,146
Authorizations
to expend from
debt receipts 4/
535
4
Treasury
-
BuUethh
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions
(Fiscal years;
in millions of dollars)
1964 through March 1/
Function
code
number
Functions
National defense;
Department of Defense-Military.
Atomic energy
Defense-related activities
051
058
059
Total national defense.
International affairs and finance
Conduct of foreign affairs
Economic and financial programs 2/
Foreign information and exchange activities.
1959
I960
1961
1962
1963
Expenditures
43,563
2,541
42,824
2,623
44,676
2,713
379
244
46,483
237
3,403
139
1,477
Unexpended
balances
end of
period 2/
49,973
2,758
37,048
2,066
104
48,205
2,806
92
24
ia
45,434
2,258
429
45,691
47,494
51,103
52,755
39,259
48,121
217
249
2,372
197
346
2,041
201
268
1,368
160
17,938
137
216
2,126
158
143
193
1,832
2,500
2,817
1,773
18,291
401
744
1,257
2,888
4,490
5,297
311
315
376
291
3,&02
3,800
349
4,576
234
5,050
301
397
324
'303
261
1,755
530
1,308
426
341
375
310
211
6,590
4,882
5,172
5,881
6,954
6,147
3,963
1,184
1,235
220
65
68
74
1,394
1,564
331
61
73
91
230
68
1,699
303
1,317
270
78
79
102
1,536
215
:
151
152
153
Total international affairs and finance
Space research and technology
251
Agriculture and agricultural resources
Farm income stabilization and Food for Peace
Financing farming and rural housing
Financing rural electrification and rural telephones.
Agricultural land and water resources
Research and other agricultural services
;
V
351
352
353
35i
355
Total agriculture and agricultural resources.
Natural resources;
Land and water resources
Forest resources
Mineral resources
Fish and wildlife resources
Recreational resources
General resource surveys and administration..
401
402
W3
/.04
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 developmen t;
Aids to private housing
Public housing programs
Urban renewal and community facilities.
National Capital region
551
552
553
555
Total 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.
201
71
68
85
61
289
330
368
293
81
151
71
159
55
51
55
60
94
112
73
60
26
1,670
1,714
2,006
2,147
•2,352
1,907
2,104
494
436
568
508
38
525
265
716
781
654
33
797
427
808
672
637
492
41
873
705
109
770
366
7
101
680
3,712
1,103
30
569
36
914
94
112
161
58
59
67
74
34
33
393
294
288
68
2,025
1,963
2,573
2,774
2,843
2,205
7,210
732
97
108
-172
134
-149
163
8,884
1,650
261
-537
178
222
-182
130
-44
150
162
33
30
51
74
70
55
970
122
320
349
-67
190
1,193
274
2,270
343
1,953
774
234
271
28
105
212
4,531
114
1
5
, 1
79
700
924
1,969
284
815
510
2,061
304
938
1,128
809
2,170
327
591
2,437
382
1,354
224
2,788
423
3,877
3,690
4,244
4,538
4,789
4,080
2,934
259
225
106
141
327
261
120
156
332
286
143
181
337
350
183
207
392
428
206
219
207
413
215
160
323
1,077
473
732
866
943
1,076
1,244
995
1,988
2,071
2,049
1,265
725
961
266
2,034
1,532
2,017
1,635
388
1,084
2,958
974
118
279
2,116
1,698
-13
1,145
240
907
147
877
552
203
5,403
5,186
4,130
2,606
412
404
166
Education;
Assistance
Assistance
Assistance
Other aids
for elementary and secondary education
Vfor higher education 6/
to science education and basic research. .
to education
^
701
702
703
704
Total education.
Veterans' benefits and services;
Veteran^ service-connected compensation 7/.
Veterans' nonservice-connected pension S/ .
Veterans' readjustment benefits
Veterans' hospitals and medical care
Other veterans' benefits and services 8/
Total veterans' benefits and services
'
.
Footnotes at end of table.
801
802
803
804
805
1,152
864
921
280
{Continued on following page)
559
1,030
259
116
,
May 1964
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions
(Fiscal years;
Functions
Interest
Interest on the public debt
Interest on refunds of receipts
Interest on uninvested funds
Function
code
number
in millions of dollars)
1959
I960
1961
7,593
69
9,18
8,957
;
851
852
853
Total interest
76
9
10
83
10
7,671
9,266
9,050
102
47
109
49
118
22
607
372
140
289
109
General government ;
Legislative functions
Judicial functions
Executive direction and management
Central fiscal operations
General property and records management
Central personnel management
Protective services and alien control
Other general government
Total general government
901
902
903
904
905
906
908
910
21
20
566
295
95
255
86
558
372
84
263
1,466
1,542
,697
77,233
355
694
,342
76, 539
Undistributed
Total
Certain interfund transactions included in
both expenditures and receipts
Less;
Budget expenditures (see table
3
)
52
1
-
(Continued)
Treasuri) Bullet iiu
10
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 8.- Summary of Internal Revenue Collections by States, Calendar Year 1963
(In thousands of dollars)
Individual income and employment taxes
States, etc.
1/
Total
collections
Individual
income tax
not withheld
Total
2/
Income tax
withheld and
old-age and
disability
insurance
Railroad
retirement
4,028
8,440
118,951
149
174
41,915
738
4,065
3,890
87,654
47,301
39,132
1,435,330
711,839
80,558
416,557
337,269
10,121,46i
560,059
73,658
345,935
268,270
7,468,876
133,290
13,652
110,003
98,644
1,813,074
414,302
59,267
231,718
165,562
5,526,234
Colorado
Connecticut
Delaware
Florida
Georgia
1,303,765
1,865,994
1,003,835
160,549
324,317
125,009
408,630
203,165
873,787
944,256
298,276
809,431
695,454
4,782
7,487
1,368,401
1,046,699
1,293,049
428,286
1,243,536
919,005
Hawaii
Idaho
Illinois
Indiana
Iowa
276,348
198,622
8,390,198
2,452,936
836,150
221,866
161,906
5,445,676
1,647,714
634,919
50,500
43,229
1,089,997
324,001
226,869
168,670
116,113
4,193,703
1,305,527
400,121
Kansas
Kentucky
Louisiana
Maine
Maryland
730,612
1,813,042
866,943
264,764
2,596,615
567,364
548,269
622,063
204,510
,958,907
191,454
161,032
198,150
51,017
378,340
2,245,425
3,765,987
1,135,031
266,818
1,676,363
146,486
478,608
Alabama
Alaska
Arizona
Arkansas
California
^
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
1,675,5U
3,129,219
8,808,510
1
,691 ,942
324,526
2,516,838
180,335
650,642
224,062
228,927
1
Corporation
Unemployment income
taxes 2/
insurance
4,387
7,581
16,989
4,999
16,158
15,402
127,448
351,145
154
243
84,863
782
508
2,542
2,322
77,113
17,404
38,983
29,498
1,800,565
413,725
152,906
344,363
366,954
414,609
147,848
1,525,216
26,013
13,211
770
2,477
37,217
5,533
7,073
8.534
3,167
18,134
467,749
615,023
233,373
76,744
349,847
1,742,175
3,085,067
905,153
185,583
1,265,827
3,395
6,292
30,603
326
36,943
32,105
59,605
15,902
4,160
23,747
613,135
2,851,187
50,997
139,789
51,455
42,519
585,947
93,713
309,426
117,689
142,33s
1,707,163
271
2
9,318
4,983
7,421
541 ,058
254,651
269,745
116,051
160,541
157,939
39,419
317,987
361 ,865
36,096
507,707
41
1,504
5,534
1,936
2,805
3,671
33,030
25,491
103,433
33,696
31.581
694,945
5
2,309
176,768
17,593
1,034
55,013
22,577
5,869,674
454,626
11,706
1,386,781
8,177
7,022
153,690
85,162
1,099,055
80,789
90,793
Nebra ska
Nevada
New Hampshire
New Jersey
3,U0,479
171,081
187,703
2,329,811
New Mexico
New York
North Carolina
North Dakota
Ohio
241,590
19,519,056
2,728,551
126,014
6,401,514
205,858
11,735,912
922,354
109,064
4,169,490
56,785
2,105,387
216,605
45,203
726,146
146,758
9,386,131
687,847
62,809
3,353,274
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
1,030,641
697,479
6,792,291
450,138
481,312
606,248
576,018
4,777,652
335,446
357,813
164,341
152,521
869,563
64,936
83,309
433,375
413,900
3,763,552
265,247
267,696
South Dakota
Tennessee
Texas
Utah
Vermont
150,928
1,013,181
4,085,070
314,504
115,465
124,989
762,811
2,665,289
246,087
89,616
48,146
198,179
837,855
51,708
22,877
75,483
551,810
1,775,421
190,597
64,764
15,991
1,092
811
1,646,638
1,361,976
376,556
1,894,408
100,022
972,013
1,069,721
296,111
1,256,551
77,931
223,467
250,862
75,712
262,918
710,942
804,820
215,747
975,250
46,670
19,524
572
64
304
4
13,079
13,467
4,588
18,079
8U
230,494
174,630
50,547
414,375
7,830
118
la, 669
100,101
879
5,118
3,469
27,858
570,491
951,857
22,768,230
Virginia
Washington
West Virginia
Wisconsin
Wyoming
International 6/
Undistributed depositary receipts 7/. .
Transferred to Government of Guam 8/. ,
Withheld taxes of Federal employees 2/
Tota 1
346,091
669,070
-4,163
79,715
651,658
-4,163
75,280
109,124,954
70,442,749
249',
Source:
Internal Revenue Service reports.
1/ Collections in the various States do not necessarily indicate the
Federal tax burden of the respective States, since the taxes collected
in one State are, in many instances, borne by residents of other
States. For example, the withholding taxes reported by employers
situated in metropolitan areas near State boundaries include amounts
withheld from salaries of employees who reside in neighboring States.
2/ Includes old-age and disability insurance taxes on self-employment
income
1/ Includes tax on unrelated business income of exempt organizations.
4/ Consists of estate and gift taxes, and excise taxes; excise tax
receipts deposited by postmasters from sales of documentary stamps;
excise taxes on imported items deposited by collectors of customs;
30,U3
646,540
-4,163
75,280
15,354,998
5/
6/
2/
8/
2/
53,565,402
23,859
a
67,625
309
19
35,057
355
2,575
74,485
13
70,051
5,251
79
6,723
2
1,358
11,693
36,022
2,690
1,164
1,130
16,084
175,933
671 ,637
48,212
14,830
and amounts collected on Puerto Rlcan products coming into the
United States.
Includes District of Columbia collections.
Consists of collections from U. S. taxpayers in Puerto Rico, Canal
Zone, etc., and in foreign countries.
The amount of undistributed depositary receipts consists of all those
issued during the calendar year minus those received with tax returns
which are included in the State totals.
Withheld taxes covered into the Treasury of Guam (43 U.S.C. 1421h).
Net transactions in the clearing account on the central books of
the Treasury for income taxes withheld from the salaries of Federal
employees
Less than $500.
May 1964
11
.TRUST AND OTHER TRANSACTIONS,
Table 1.- Summary of Trust and Other Transactions
(In millions of dollars)
Net receipts or
expenditures (-),
from trust
and other trans-
Fiscal ye
or month
Trust and deposit fund accounts
Excess of
receipts, or
expenditures (-)
actions
1957
1958
1959
195
633
-329
I960
1961
1962
-50
-602
436
97
Net
Net
receipts
expenditures
1/
1/
1,363
Net sale, or redemption
(-), of securities of
Government agencies in
the market
14,301
16,153
I6,76e
12,938
15,325
19,521
-2,339
-597
1,130
1,171
iOO
1,293
1,U3
20,342
23,583
24,290
27,639
21,212
22,793
25,141
26,545
-925
-855
-493
-2,0&3
1,746
-537
1,730
1,022
848
1,500
30,163
30,872
29,315
29,372
-2,446
-2,338
1,681
-1,232
-685
1,419
3,887
1,830
2,651
2,438
2,515
1,253
-1,784
September
192
-7
155
575
171
328
265
October.
November.
December.
93
135
76
-1,304
795
-431
1,289
2,749
2,230
2,592
1,955
2,661
1,101
-481
-260
296
-179
767
-130
1,088
3,705
2,330
2,257
2,063
2,227
1,328
-830
-167
-289
-230
24
1,942
2,935
1,491
109
1963
1964 (Est.)...
1965 (Est.)...
1963- July
August.
829
-2,751
-370
790
-851
83
-257
.
1964-- January.
1,U9
February.
March. .
-a
-1,169
1,642
103
April ....
607
-993
581
.
Actual figures are from the monthly statement of receipts and
expenditures of the Government (for explanation of reporting bases,
see page II); estimates are from the 1965 Budget document, released
January 21, 1964, including effects of proposed legislation.
Certain transactions are excluded from both receipts and expenditures
beginning with the July 1961 issue of the Bulletin. For details see
Table 6.
Source:
1/
Net sale, or investment
(-), by Government
agencies in public debt
securities 2/
581
2/
Includes guaranteed securities (see Table 4).
Note:
Figures in this table differ from those published prior to
August 1963 for shifts in classification including security trans-
actions of Government-sponsored enterprises from deposit fund account
expenditures to net investment by Government agencies in public debt
securities, and net redemption of agency securities in the market; and
certain deposit fund account receipts from net receipts to net
expenditures.
Table 2.- Trust Receipts
(In millions of dollars)
Fed. Dis-
FOASI
Trust
Fund
ability
7,101
7,824
8,109
339
I960
1961
1962
1963
Fiscal year
or month
Ins.
Trust
Fund
Railroad
Retirement
Account
Unemployment
Trust
Fund
National
Service
Life Insurance
Fund
Government
Life
Insurance Fund
Federal
employees'
retirement
funds
135
21,250
908
^,097
24,318
28,193
515
528
505
20,342
23,533
24,290
27,689
2,391
2,400
3,484
3,510
1,623
2,017
30,651
31,349
483
477
30,163
30,872
168
161
179
298
344
303
109
148
104
1,420
3,893
1,831
1
1,419
3,887
1,830
159
177
175
287
282
302
97
72
177
1,290
2,755
2,246
6
16
1,289
2,749
2,230
204
164
185
233
290
265
186
71
190
1,096
3,717
2,345
8
12
16
1,088
3,705
2,330
177
256
77
1,946
1,062
1,083
1,092
1,145
1,403
1,051
1,081
1,128
2,7C3
3,303
3,985
4,261
643
668
664
658
61
53
54
52
1,766
2,033
2,036
2,255
1964 (Est.)...
1965 (Est.)...
15,846
16,271
1,198
1,228
1,202
1,279
4,191
3,933
667
664
50
43
1963- July
August .
September
493
2,203
36
13
88
52
256
743
108
44
45
1
974
160
77
34
1
October.
November.
December.
442
1,534
1,218
34
84
68
137
460
162
47
33
40
1
112
104
1964- January.
February.
March. .
112
2,170
1,380
7
159
99
15
53
2
92
34
1
70
234
735
114
42
2
April ....
1,042
81
17
256
39
.
Source:
See Table 1.
1/ Includes principally District of Columbia receipts from taxes and from
Federal contributions, loans, and grants; funds appropriated to the
President - mutual security trust funds; Indian tribal funds; increment
resulting from reduction in the weight of the gold dollar; and the
Railroad Unemployment Insurance Administration Fund through November
1958 (for treatment after November 1958, see Table 10, published
quarterly)
2/ For content see Table 6.
These transactions are included in the detail
1
2/
4/
:^
711
778
890
1,546
10,360
11,824
12,011
13,856
1
Net
trust and
other
receipts
2,541
2,800
2,955
3,293
1,397
1,453
1,741
35
Interfund
transactions
2,088
943
929
69
67
63
2
Less
_2Z
608
640
634
.
1/
Total
trust and
other
receipts
14,311
16,164
16,904
1,912
1,855
1,997
V
Other
trust
receipts
681
638
585
723
695
758
1957
1958
1959..,
Highway
Trust
Fund
1,482
2,0U
10
11
6
1
1
14,301
16,153
16,769
1,942
of both trust receipts and trust expenditures, but are deducted from
the totals.
Excludes certain interfund transactions consisting mainly of financial
interchanges between trust funds resulting in receipts and expenditures (see footnote 2).
Beginning fiscal 1961, tax receipts under the Federal Unen^loyment Tax
Act are transferred oirrently to an administration account in the Unemployment Trust Fund pursuant to the Employment Security Act of I960,
approved September 13, I960 (42 D^.C. 1101 (b)); see "Budget Receipts
and Expenditures," Table 1, footnoC\ 12.
Treasury Bulletin
12
.TRUST AND OTHER TRANSACTIONS,
Table 3.- Trust, Deposit Fund, and Government -Sponsored Enterprise Expenditures
{in millions of dollars; negative figures are excess of credits)
Trust and deposit funds
Fiscal year
or month
Federal ^Id-A^e
and Survivors
Insurance Tnist
Fund
1957
1958
1959
6,665
8,041
9,380
I960
11,073
11,752
13,270
1961
Federal
Disability
Insurance
Trust Fund
Railroad
Retirement
Account
682
730
778
1
131
361
561
Unemployment
Trust
Fund
National
Service Life
Insurance
Fund
1,6U
Government
Life
Insurance
"^und
3,148
3,054
515
544
562
86
120
30
1,136
1,124
1,135
1,112
2,736
4,734 2/
3,906
3,815
582
707
626
747
94
96
79
83
Federal
employees
retirement
funds
2,945
2,620
2,784
3,017
1,344
1,499
3,551
314
357
390
-32
-18
27
414
382
-1
15,359
16,091
1,345
1,428
1,129
1,144
3,555
3,443
565
68
430
57
1963- July
August.
September
1,224
100
91
101
q6
1,227
I'll
282
195
206
39
35
33
6
1,221
5
106
109
108
October.
November.
December.
1,222
1,217
1,179
105
102
170
92
95
92
230
256
292
36
30
32
5
111
5
108
108
96^- January .
February.
March . . .
l,23i
1,253
1,272
103
106
107
99
102
422
205
37
17
572
5
94
443
39
5
April
1,273
108
96
314
37
Trust and deposit
funds- (Continued)
Fiscal year
or month
Other
trust 2/
1957
1953
1959
565 8/
915 8/
672 8/
I960
711
1961
697
835
Deposit
funds
(net)
216
-31
-61
-75
205
5
4
Government-sponsored enterprises (net) 4/
Total
trust and
deposit funds
Farm
Credit
Administration
^
Federal
home loan
banks
Federal
Deposit
Insurance
Corporation
222
-3
Total
trust
and
other
expenditures
Less:
Interfund
transactions 6/
Net trust
and other
expenditures
7/
135
22,120
23,308
25,669
27,050
908
515
528
505
21,212
22,793
25,141
26,545
-180
-202
1,467
29,803
29,849
488
477
29,315
29,372
2,651
2,433
2,515
79
114
-85
-104
-16
2,124
2,112
2,218
69
115
458
October.
November.
December.
81
2,354
2,075
2,319
-1
2U
63
66
60
-172
-9
-115
-13
23
-4
-23
372
-1
103
82
99
-79
-112
-95
2,454
2,322
2,309
12
106
49
-144
-57
-72
-118
2,523
129
292
-161
-281
^
6/
,
7/
8/
111
10
11
528
332
298
2,652
1
2,4U
6
2,516
1
240
-115
358
2,594
1,960
2,677
3
-189
-247
-67
2,265
2,075
2,242
-4
417
2,940
235
290
1
See Table 1
Secondary market operations, as provided in the Housing Act of 1954,
approved August 2, 1954 (12 U.S.C. 1719). Funds provided by the
Treasury (-) or repaid to the Treasury, are shown in a separate
column (and correspondingly are reflected net in budget expenditures).
See Table 2, footnote 4.
Includes principally District of Columbia operating expenditures; Funds
appropriated to the President - mutual security trust funds; Indian
tribal funds; expenditures chargeable against increment on gold; and
trust enterprise funds (net). The Railroad Unemployment Insurance
Administration Fund is included through November '1958 (see Table 10,
published quarterly), the Employees' Life Insurance Fund (net) and
the Employees Health Benefits Fund (net) beginning 1961.
Previously shown as deposit funds (see Table 1, Note).
^
226
114
484
-239
1,092
685
1963-July
August.
September
4/
115
-16
-10
4
1
-134
-148
-154
1,200
-100
2/
2/
14
182
-487
872
363
447
413
1/
241
179
437
396
374
483
28,336
29,738
Source:
110
108
21 ,636
146
77
53
12,938
15,325
19,521
-116
-17
.
-9
-13
345
12,947
15,335
19,655
1,506
1,875
.
30
138
3,650
46
-627
1,292
1964 (Est.)...
1965 (Est.)...
April.
946
-73
317
-730
-104
-115
-124
,208
1964- January.
February
March, . .
42
-16
-124
-628
854
1
46
3
274
116
562
1962
1963
.
Total
929
102
176
41
-42
12,901
15,962
18,363
23,546
24,577
26,365
-5U
Other
operations
896
955
1,063
1,183
U,530
1
Financing
by Treasury
966
1,512
2,613
591
196i (Est.;...
1965 (Est.)...
.
Fund
Federal National
Mortgage Assoc. 1/
699
792
746
1,089
1,259
1962
1963
Highway
Tr-jst
1
6
16
8
12
16
2,592
1,955
2,661
2,257
2,063
2,227
2,935
Includes banks for cooperatives. Federal intermediate credit banks,
and Federal land banks.
For content see Table 6.
These transactions are included in the
detail of both trust receipts and trust expenditures, but are
deducted from the totals
Excludes certain interfund transactions consisting principally of
financial interchanges between trust funds resulting in receipts
and expenditures (see footnote 6).
Includes expenditures of the Federal intermediate credit banks which
were operated as trust fund enterprises from January 1, 1957, until
January 1959, when these banks were classified as Governmentsponsored enterprises.
^ay
1964
13
.TRUST AND OTHER TRANSACTIONS.
Table 4.- Investments In Public Debt and Agency Securities (Net)
(In millions of dollars; negative figures are excess
of sales)
Trust accounts, etc.
Fiscal year
or month
Total 1/
Total
trust
accounts,
etc.
1/
Federal
Old-Age and
Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
Railroad
Retirement
Account
325
729
552
36
-33
-35
274
-1,255
-1,011
494
285
-41
2,339
597
-1,130
2,302
220
506
1959
-1,232
-499
-1,290
I960
1961
1962
1963
925
855
493
2,069
760
707
301
1,782
-726
-225
-1,089
-821
21
264
-78
-63
-129
1964 (Est.).
1965 (Est.).
2,446
2,338
2,158
1,841
487
125
-1,253
1,784
-575
-1,270
1,769
-594
October. .
November.
December.
-1,101
481
-1,072
492
260
235
77
1964- January.
February.
-1,328
830
167
-1,345
822
273
-884
443
-1,491
-1,510
1957
!l958
1963- July
August. .
September.
.
.
March
April.
Unemployment
Trust
Fund
National
Service
Life
Insurance
Fund
Government
Life
Insurance
Fund
Federal
employees'
retirement
funds
Highway
Trust
Fund
Federal
intermediate credit
banks 2/
other
trust
accounts,
etc. 1/
95
76
-16
-56
-17
1
-952
72
456
62
-44
44
-90
-21
-35
-44
-25
1,034
1,075
-147
-204
85
136
629
475
102
234
-19
1,031
-68
-140
-726
1 ;004
-275
-72
46
-4
-71
-7
-53
-125
642
-100
6
-4
-3
-4
67
62
68
-22
48
-157
-31
-40
-793
252
-71
-13
-49
-42
-18
-21
-98
9
247
5
-3
-4
47
68
64
-82
-87
-46
-99
41
-60
-78
-19
68
112
246
-80
4
16
104
93
86
-707
-51
48
-279
89
6
5
803
671
958
871
1,063
-126
7
-4
-286
-151
94
170
-225
1
-9
1
-14
-3
-5
-84
-205
3
-3
56
57
404
418
-393
99
28
-100
-24
97
-428
45
233
202
242
93
301
75
27
-122
33
u
Treasury Bulletin]
.TRUST AND OTHER TRANSACTIONS.
Table 5.- Sales and Redemptions of Government Agency Securities In Market (Net)
(In millions of dollars; negative figures are excess of sales)
Securities not guaranteed by the United States
Securities guaranteed by the United States
Public enterprise funds
Fiscal year
or month
Total
guaranteed
Total 1/
Federal
Farm
Mortgage
Corporation
Federal
Housing
Administration
Home
Owners'
Trust
enterprise
fund
Public enterprise fund?
Total not
guaranteed
C.
Loan
D.
Corporation
stadium
fund
1/
-1,137
-406
-1,283
-33
-1,171
-400
-1,293
-33
6
-10
-10
1960
1961
1962
1963
-1,746
-1,780
-1,022
-29
-100
-204
-162
-28
-81
-204
-162
1964 (Est.)....
1965 (Est.)...,
-1,681
-581
-143
43
-143
1963- July
August. ..
September,
-171
-328
-265
-41
-27
-19
-41
-27
-19
-130
October. .
November.
December.
-296
179
-767
-12
-13
-24
-12
-13
-24
-234
192
-743
1964- January.
February.
March. ...
289
230
-24
-20
-31
-25
-20
-31
-25
309
-109
16
16
-125
1957
1958
1959
,
537
,
April .
.
.
.
6
-19
Federal
National
Mortgage
Association 2^
Federal
intermediate
credit
banks 2/
Honie
Owners'
Loan
Corporation
136
-233
6
-1,717
638
-1,576
-360
797
-1,539
-625
43
-301
-246
261
2
Securities not guaranteed by the United States - (Continued)
Public enterprise
funds - (Cont.
Fiscal year
or month
Tennessee
Valley
Authority
Federal
intermediate
credit
banks 2/
-238
-225
1957
1958
1959
Government-Sponsored enterprises
Trust enterprise funds
58
Federal
National
Mortgage
Association
Banks
for
V
cooperatives
-340
-284
-144
-124
-132
-278
-250
-220
-192
-174
-1,200
-227
-235
-180
-140
-14
-46
-220
-264
-69
-30
-1
-71
15
91
-52
-299
92
114
5
-63
-764
76
-12
-54
-52
-52
3
320
389
27
-87
-91
-994
86
-359
597
-46
-52
-48
1964 (Est.)...
1965 (Est.)...
-75
-75
183
-135
-40
-40
1963- July
August..
September
-25
10
33
1964- January.
February
March, . ,
April.
.
Federal
land
banks
-554
-46
-20
-86
-50
-95
-29
18
-13
Federal
intermediate
credit
banks 2/
-230
-95
-242
-950
-115
-125
1960
1961
1962
1963
October,
November.
December.
Federal
home
loan
banks
3
2
-22
23
200
-750
-975
43
.
Source:
See Table 1.
1/ See Table 1, Note.
Classified as a public enterprise fund prior to January 1, 1957; as a
2/
trust enterprise fund January 1, 1957, to January 1, 1959; and as a
Government-sponsored enterprise thereafter.
191
282
2/
4^
•
Management and liquidating functions.
Secondary market operations,
Less than $500,000.
-39
May 1964
15
.TRUST AND OTHER TRANSACTIONS.
Table 6.- Interfund 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 1/
Federal Disability
Insurance
Trust
Fund 1/ 2/
Railroad
Retirement
Account
1/
Unemployment
Trust
Fund
V
2/
1957
1958
1959
Federal
employees'
retirement
funds
y
District
of
Columbia 6/
3
I960
1961
1962
1963
600
332
361
423
(Est.)...
1965 (Est.)...
423
il8
196-V
6
13
22
211
132
101
38
86
32
37
23
18
10
13
1
9
21
Total
10
11
9
10
135
10
908
12
12
13
515
528
505
U
488
477
16
1963- July
August.
September
1
1
1
1
1
October.
November.
December.
1
1
.
196^- January
March.
April.
11
15
..
.
1
6
1
16
1
1
7
.
Febmary.
6
1
8
12
16
..
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 enq^loyment 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
^
^
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.
Treasury Bulletin
16
.TRUST AND OTHER TRANSACTIONS.
Table ?•- Federal Old-Age and Survivors Insurance Trust Fundi/
(In millions of dollars)
Receipts
Fiscal year
or month
Appropriations Deposits by
States 4/
Total 2/
y
1937-52
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
7,100.6
7,824.4
3,108.7
10,360.0
11,823.9
12,011.0
13,855.7
21,819.9
4,053.3 b/
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
12,351.2
196i (Est.)...
1965 (Est.)...
15,845.6
16,271.2 7/
2i, 000.1
4,483.3 6/
5,039.8
5,534.8
''',937.4
Expenditures other than investments
Payments from
Net earnings
Railroad Retireon investments
ment Account
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
13,844.6
124.4
600.4
331.7
360.8
422.5
423.0
418.5
^
2,138.2
386.6
438.9
438.0
487.5
555.3
555.4
543.0
516.4
530.2
539.0
512.4
7,400.1
2,717.0 b/
3,?64.3
4,436.5
5,485.3
6,664.8
8,040.7
9,379.8
11,072.7
11,752.3
13,270.2
14,529.7
14,214.0
14,531.0
1,100.0
1,128.0
529.0
553.0
15,358.6
16,090.7
14,629.0
15,376.0
2.3
19.7
1,224.4
1,220.8
1,226.8
1,222.4
1,216.6
1,178.9
1,192.0
1,196.2
1,196.8
1,196.9
1,190.6
1,201.7
1,234.2
1,252.9
1,271.8
1,208.4
1,220.7
1,241.9
109,1^2.0
104,693.3
1963- July
August. .
September
October.
November.
December.
493.0
2,203.3
974.4
441.9
1,534.0
1,217.6
486.0
1,845.0
968.5
423.0
1,268.0
1,018.2
4.7
338.6
1.0
-1.6
242.0
.5
20.5
24.0
196.3
1964- January.
February.
March. ...
111.2
2,170.3
1,379.7
105.5
1,946.0
1,371.4
2.4
205.0
4.0
3.8
19.3
4.3
127,606.2
113,863.7
5,744.6
7,936.3
1937 to date S/.
Benefit
payments
26.6
43.3
92.4
98.6
171.6
296.8
472.1
481.1
650.3
755.4
869.6
989.6
11.6
9.6
7.4
5.2
1.6
5.0
35.4
Expenditures, etc. - (Continued)
Fiscal year
or month
Reimbursement
Bureau of
to general
OASI 11/
fund 10/
1937-52
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1.7
43.8
45.3
48.5
2.8
1.7
52.9
53.9
314.8
318.9
.2
.3
.3
4.1
3.9
3.9
3.9
4.0
6.6
28.1
20.5
25.9
21.3
21.7
34.0
.2
.2
4.1
4.1
4.1
21.5
27.8
25.6
35.0
719.3
2,150.2
.1
.3
1.6
11.6
12.5
1.8
3.1
1963- July
August.
.
Septeijber
October.
November.
December.
1964- January.
February.
March.
.
.
1937 to date 3/.
291.1
24.4
26.0
27.1
30.7
30.9
34.5
39.0
39.4
252.9
65.1
62.7
76.0
93.7
119.0
138.9
173.2
179.3
223.6
263.5
275.4
.1
1964 (Est.)...
1965 (Est.)...
Assets,
.2
.2
.3
Reimbursement (-) from
Federal Disability Insurance Trust Fund 12/
-9.1
-17.5
-28.8
-33.2
-60.3
-62.9
-63.8
-78.3
-63.8
-275.7
y
y
.
in
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
-674.1
Source:
See Table 1.
1/ Includes transactions under the predecessor Old-Age Reserve Account.
2/ Total Includes:
$15.4 million transferred from general fund for administrative and other costs of benefits payable to survivors of certain
ly
World War II veterans (60 Stat. 979 and 64 Stat. 512); beginning
November 1951, small amounts in the nature of recoveries from expenditures incidental to the operations; and beginning
1958, interest payments from Federal Disability Insurance Trust Fund, and sale
of waste
ly
paper.
2/ Includes unappropriated receipts beginning January 1962. For basis,
see "Administrative Budget Receipts and Expenditures," Table
1, footnote 9.
To cover employees of States and their political subdivisions,
under
the Social Security Act Amendments of 1950 (42 U.S C
418)
12/
See Table 9.
Beginning with the February 1963 Bulletin amounts for refunds of taxes
(formerly included under expenditures) have been deducted from
receipts.
13/
7/
Includes X'iA n minion «>. ^^^A l
i„T_*.--._
-:^i^
_
...
y
y
y
(-),
Investments
assets
1,839.9
end of period
Net increase
or decrease
Administrative expenses
Construction 2/
Payments to Railroad Retirement
Account ';/
Total
Unexpended
balance
11/
16,600.0
13,366.4
20,042.6 S/
21,141.0
22,593.1
23,028.9
22,812.6
21,541.4
20,828.7
20,900.3
19,641.1
18,967.1
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
17,613.2
765.6
1,048.4
1,067.0
1,079.9
1,376.8
1,206.5
1,353.9
486.9
180.5
19,454.0
19,634.5
18,100.4
18,281.3
1,353.6
1,353.2
-731.4
982.5
-252.4
-780.5
317.4
38.8
18,235.7
19,218.2
18,965.8
18,185.2
18,502.6
18,541.4
16,887.4
17,891.7
17,616.5
16,823.8
17,076.2
17,153.5
1,348.3
1,326.5
1,349.2
1,361.4
1,426.4
1,387.9
-1,122.5
917.4
107.9
17,418.9
18,336.3
18,444.2
16,269.7
16,712.4
16,958.1
1,149.2
1,623.9
1,486.0
18,444.2
18,444.2
16,958.1
1,486.0
327.1
548.3
702.8
560.5
550.1
Includes adjustments to monthly statement basis.
Construction and equipment of office buildings for the Bureau (Public
Law 170, approved July 31, 1953 (67 Stat. 254)).
Under the Social Security Act, as amended (42 U.S.C. 401 (g)(1)), for
administration of Titles II and VIII of that act and related parts
of the Internal Revenue Code (26 U.S.C. 480-432, 1400-1432).
See
also footnote 11.
Salaries and expenses of the Bureau of Old-Age and Survivors Insurance
are paid directly from the trust fund beginning 1947, under provisions
of annual appropriation acts until passage of the Social Security
Act Amendments of 1956 (42 U.S.C. 401 (g)(1)); previously these
expenses were included in reimbursements to the general fund.
See Table 8.
This reimbursement is treated as a reduction in administrative expenses paid from the Federal Old-Age and Survivors
Insurance Trust Fund.
Figures exclude interest (see footnote 2).
Includes unappropriated receipts beginning January 1962.
Hay 1964
17
.TRUST AND OTHER TRANSACTIONS,
Table 8.- Federal Disability Insurance Trust Fund
(In millions of dollars)
Receipts
year or
month
Total
L957
1958
1959
1960
1961
1962
1963
1964 (Est.
338.6
9i2.5
928.7 7/
1,061.5
1,083.5
1,091.8
333.3
862.9
836.9 2/
928.9
953.3
944.5
1,U5.3
1,198.4
1,227.6 3/
1965 (Est.
1963- July.
Aug..
Sept.
Oct..
Nov.
Dec.
1964-Jan.
Feb..
Mar..
L957 to date...
Deposits by
States
Appropriations
1/
Expenditures other than investments
Payments
from
Railroad
Retirement
Account 2/
3.9
investments
1.4
16.1
33.7
63.5
Payments
Interest
Benefit
pay-
Total
1.3
1B0.8
361.1 2/
993.8
68.7
77.3
81.9
47.6
61.5
70.0
69.6
561.0
746.3
1,088.5
1,259.2
168.4
339.2
528.3
704.0
1,011.4
1,170.7
1,050.0
1,076.0
81.0
83.0
67.4
64.6
1,345.2
1,427.8
1,255.0
1,324.0
.2
22.7
1.3
2.4
17.7
.3
1.1
1.7
29.9
100.0
100.9
101.4
104.9
102.0
169.9
99.6
100.6
101.1
104.6
101.7
103.2
103.1
105.4
106.3
4,847.7
58.1
58.1
26.8
36.2
160.0
76.9
35.5
112.3
103.5
36.0
136.0
76.5
32.0
93.0
73.2
7.1
.1
.4
159.3
98.6
6.7
143.0
97.9
15.0
1.3
.5
.3
103.4
105.7
106.6
7,381.4
6,547.9
470.2
336.5
5,193.1
.3
26.
See Table 1.
Includes unappropriated receipts beginning January 1962. For basis,
see "Administrative Budget Receipts and Expenditures," Table 1, footnote 10.
To cover employees of States and their political subdivisions under
the Social Security Act (42 U.S.C. 413).
See Table 9.
For appropriate share of administrative expenses paid from the trust
Soxu'ce:
1/
2/
3/
V
to
Railroad
Retirement
Account 3/
Assets, end of period
Administrative:
inReimbursement tocrease
or deFOASI
General crease
Trust
fund
(-), in
Fund 4/
assets
^
6/
7/
8/
337.3
761.7
567.6
500.6
337.2
Investments
Unexpended
balance
325.4
1,054.5
1,606.9
2,100.9
2,385.6
2,406.1
2,277.2
11.9
44.5
59.7
66.4
118.8
101.5
116.5
11.0
19.6
18.0
29.5
34.1
62.5
65.3
1.3
3.0
3.9
3.1
3.1
3.7
3.6
3.3
-114.0
337.3
1,099.0
1,666.6
2,167.2
2,504.4
2,507.7
2,393.7
20.0
18.5
66.4
81.4
3.8
3.9
-146.8
-200.2
2,246.9
2,046.7
2,130.7
1,930.6
116.2
116.1
.5
.3
-63.8
.3
-24.6
-69.4
10.3
-66.4
2,329.9
2,389.0
2,364.5
2,295.0
2,305.3
2,239.0
2,205.5
2,251.5
2,247.9
2,177.3
2,164.5
2,115.4
124.4
137.5
116.5
117.7
140.9
123.6
-96.3
53.6
-8.0
2,142.6
2,196.3
2,188.2
2,035.7
2,040.0
2,056.3
107.0
156.3
131.9
2,18
2,056.3
131.9
9.4
5.1
.3
.3
66.4
.3
.3
.3
.3
35.8
285.1
24.5
59.1
2,18
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 $4.0 million proposed legislation, military service credits.
Table 9.- Railroad Retirement Account
(In millions of dollars)
Receipts
Fiscal year
or month
Total
Appropriations
1/
investments
Expenditures other than investments
From FOASI
and Federal
Disability
Insurance
Trust Fund
2/
1936-55.
1956 6/.
1957....
1958....
1959....
I960
7,202.5
634.3
615.9
1963....
7,879.0
739.3
722.6
695.2
758.3
1,403.4
1,050.7 2/
1,080.7
1,127.8
1964 (Est.).
1965 (Est.).
1,201.6
1,279.1 S/
617.0
682.0
1963- July...
Aug. .
Sept. .
Oct
13.3
88.2
1961
1962
.
Nov.
.
.
Dec
1964-Jan
Feb
Mar.
1936 to
date 2/.
Source:
1/
2/
.
.
52.0
34.5
84.2
67.6
574.9
525.2
606.9
570.7
564.3
571.5
2/
From
Unemploy-
ment
Trust
Fund 2/
Total
To FOASI
and Federal
Benefit Disability
payments Insurance
Trust Fund
124.4
600.4
336.9
371.8
442.1
86.1
32.2
37.2
8.9
4,346.5
4,291.6
610.6
596.4
682.0
669.7
729.7
719.5
777.6
768,2
1,136.0
916.4
1,124.1 7/ 981.8
1 023.9
1,134.6
1,064.0
1,111.5
131.9
133.7
443.0
437.0
9.7
12.6
1,129.0
1,143.5
1,100.0
1,125.0
12.2
90.7
95.8
90.8
92.0
95.0
91.7
89.9
89.7
90.1
90.6
90.1
90.6
14.7
98.5
101.8
93.9
91.0
90.3
93.1
191.3
12,503.2
11,847.1
12.8
81.5
51.2
11.8
77.6
22.6
6.6
.5
6.7
.8
54.9
.5
14.6
92.1
69.9
14.1
84.3
54.3
.6
7.8
15,974.5
12,309.9
1,597.6
.9
1,875.7
See Table 1.
Includes the Government's contribution for creditable military service
Beginning
(^5 U.S.C. 228c -1 (n)) until payment was completed in 1^5^.
1952, appropriations of receipts are equal to the amount of taxes deposited in the Treasury (less refunds) under the Railroad Retirement
Tax Act, and transfers are made currently subject to later adjustments
Includes
(see "Administrative Budget Receipts and Expenditures." Table 1).
unappropriated transfers of tax receipts.
Payments are made between the Railroad Retirement Account and the
Federal Old-Age and Survivors and the 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 in social
Assets, end of period
UnTotal
Invest- expended
ments
balance
y
2/
i/
676.5
105.5
106.7
120.3
108.6
110.0
110.9
107.4
105.2
Net
Increase,
To
AdminiS' or deUnemploytrative crease
ment
expenses (-),ln
Trust
assets
Fund
46.6
21.1
33.7
7.4
183.7
132.3
101.5
37.7
6.8
7.1
8.6
9.4
9.0
9.9
9.2
9.8
3,532.5
128.6
4D.5
-34.6
-19.3
267.4
-73.4
-53.9
16.3
3,532.5
3,661.2
3,701.7
3,667.1
3,647.8
3,915.3
3,841.9
3,787.9
3,805.3
3,485.9
3,606.5
3,642.1
3,609.0
3,573.6
3,837.8
3,759.5
3,697.0
3,697.5
74.2
77.5
82.4
91.0
107.9
18.0
8.0
11.0
10.5
72.6
135.6
3,878.0
4,013.6
3,782.0
3,918.0
96.0
95.6
.9
-77.4
-7.6
-38.8
-57.6
-10.8
-24.1
3,727.9
3,720.3
3,681.4
3,623.9
3,613.1
3,588.9
3,626.1
3,618.6
3,565.4
3,523.0
3,505.5
3,484.7
101.8
101.7
116.1
100.8
107.6
104.3
-83.9
-9.7
-24.0
3,505.1
3,495.3
3,471.3
3,406.4
3,387.5
3,378.0
98.7
107.8
93.2
3,471.3
3,471.3
3,378.0
93.2
5.2
1.6
26.8
5.3
.8
.7
1.5
4.3
.7
1.1
6.7
10.6
62.2
482.1
.9
.9
111.
54.7
59.7
58.2
security coverage (i5 U.S.C. 228e (k)). See Tables 7 and 8.
Receipts include repayment and interest.
See Table 10.
Paid from the trust fund beginning 1950 (63 Stat. 297).
Includes unappropriated receipts.
Includes adjustment for change in reporting to a collection basis.
Beginning fiscal 1961, amounts for interest on refunds of taxes,
formerly included under budget expenditures, are treated as transfers
of budget receipts to trust receipts and are included in trust
expenditures.
Includes $13,8 million for military service credits.
Includes adjustments to monthly statement basis.
18
Haij
1964
19
.TRUST AND OTHER TRANSACTIONS,
Table !!•- National Service Life Insurance Fund
(In millions of dollars)
Expenditures other
than investments
Receipts
Fiscal year
or month
Total
Premiums and
other receipts
Transfers from
general fund
Interest on
investments
Benefits
and refunds
Total
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
1957
1958
1959
1960
1961
1962
1963
607.5
639.8
634.3
642.6
667.6
663.9
657.7
424.8
459.1
453.4
459.9
483.8
482.8
476.7
19.3
14.4
12.2
10.3
8.4
6.9
6.0
163.4
166.2
168.8
172.4
175.4
174.2
175.0
515.0
543.6
562.1
531.6
707.5
626.4
747.1
1964 (Est.)...
1965 (Est.)...
667.1
663.7
485.9
484.7
7.0
5.7
174.3
173.3
1963-July
August.
September
44.4
44.6
33.7
43.9
44.0
33.3
.5
.6
October.
November.
December.
46.8
32.6
40.4
46.3
32.1
40.0
.6
1964- January
February.
March. .
53.4
34.3
41.9
50.7
33.6
18,610.3
1941-52
1953
1954
1955
1956
.
.
.
1941 to date
.3
.5
.4
Assets, end of period
Special
dividends
2,577.3
434.2
444.7
382.9
Net increase,
or decrease
(-), in
Total
assets
Invest- Unexpended
ments
balance
5,255.6
43.7
-3.3
52.6
137.3
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
707.5
626.4
747.1
92.5
96.2
72.3
61.0
-39.8
37.5
-89.3
5,583.5
5,679.7
5,751.9
5,813.0
5,773.1
5,810.7
5,721.3
5,570.3
5,665.3
5,741.5
5,803.1
5,759.4
5,713.9
13.2
14.4
10.4
9.9
13.8
7.1
7.4
565.1
429.9
565.1
429.9
102.0
233.8
5,823.3
6,057.1
5,315.5
6,049.4
7.8
7.7
38.6
35.0
32.6
38.6
35.0
32.6
5.9
9.6
5,727.2
5,736.7
5,737.8
5,720.1
5,726.1
5,731.4
35.8
29.7
31.6
35.8
29.7
31.6
11.
5,748.9
5,751.8
5,760.5
5,740.
5,745.
5,752.
204.6
36.8
39.0
-151.
5,609.4
5,606.9
5,609.3
5,601.
5,602.
5,603.5
6.3
13,000.5
5,609.8
5,603.5
6.3
2.4
41.2
.4
.6
.7
.1
.1
204.6
36.8
39.0
10,720.9
4,751.3
3,138.2
13,000.5
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
512.0
515.0
543.6
562.1
581.6
1.1
2,
8.
-2.
2.
5,609.E
I
5,803.5"
7.
10.
6,
Less than ^50,000.
Footnotep to Table 10
1/
2/
y
6/
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 I960, approved September
13, I960 (4.2 U.S.C. llGl(a)), into which are deposited tax receipts
transferred in accordance with the act ( see "Adioinistrative 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 unen^loyment tax allows to the taxpayer credit for contributions to State
unemployment funds up to 90 percent of the tax.
Net repayments.
Excess of collections from Federal unen^loyment 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 States 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
U2 U.S.C. 1101 - 1103).
Established by the act approved March 24, 1961 (^2 U.S.C. 1105(a)),
which provides for a tenporary program of extended unenployment
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).
)
.
8/
2/
10/
11/
12 /
13/
14/
1^/
16 /
17/
18/
19/
20/
Temporary advances are made when the balance in the Railroad Unemployment Insurance Account is insufficient to meet payments of benefits
and refunds due or to "become di'e. Whenever the balance is sufficient
to pay such benefits and refunds, repayments are made, plus interest
at 3% per annum, pursuant to an act approved >fay 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 contributiops deposited in the
The Railroad Unfund to be available for adroinistrative expenses.
employment 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 Unenployment Insurance Account in connection with its
establishment (45 U.S.C. 363).
Beginning fiscal 1961 refunds of taxes (principal only) are reported
Interest paid on refunds of taxes is
as deduction from receipts.
included under expenditures. See footnote 16.
Total includes repayment to Treasury of $93.4 million, temporary
unemployment compensation (1958 act).
Total includes repayment to Treasury of $190.0 million, ten?)orary 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.
Includes interest.
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 I960.
Less than $50,000.
Trcasurij Ballet ii\\
20
.TRUST AND OTHER TRANSACTIONS.
Table 12.- Inveetmentp of Specified Trust Accountp In Public Debt Securities
by IPffuep, as of March 31, 1964
(.In
Federal Old-Age
and Survivors
Insurance Trust
Fund
Issue
Public issues:
Treasury Notes:
4-5/8
Series B-1964.
Series A-196?.
4
3-5/8
3-3/4
3-5/8
Series
Series
Series
Series
5il
A-1966.
B-1966.
A-1967.
B-1967.
Treasury Bonds:
2-1/2
2-5/8
2-1/2
3-3/4
3-3/8
3-5/8
1964-69 {dated 4/15/43).
1964-69 (dated 9/15/43).
1965
1965-70
1966
1966
1967
2-1/2
3-3/4
3-7/8
1967-72 (dated 10/20/41).
1968
1968
4
1969 (dated 8/15/62).
1969 (dated 10/1/57).
1970
Z-1./2i
4
4
3-7/8
4
4
4
1971
1971
1972 (dated 9/15/62).
3-7/8
1972 (dated 11A5/62).
1973
1974
4-1/4
3-1/4
3-1/2
1975-85
1978-83
1980
4
3-1/4
4-1/4
1980
1985
1987-92
1/8
1/2
1988-93
1989-94
1990
V2
1995
1998
Investment Series B-1975-80.
4
3/4
Total public issues.
Special issues:
Certificates:
3-l/2it
3-1/4
3-3/8
4-1/8
Series
Notes:
3-3/4*
4
Bonds:
2-5/8$
2-1/2
2-5/8
3-3/4
4
3-3/4
3-7/8
3-7/8
Total special issues
Net unamortized premium and discount.
Accrued interest purchased
Total investments
milliona of dollars)
Federal Disability
Insurance
Trust Fund
Railroad
Retirement
Account
Unemployment
Trust Fund
May 1964
21
CONSOLIDATED CASH TRANSACTIONS
Consolidated cash transactions reported in the Treasury
both.
Noncash items representing the obligations of the
Bulletin are on a basis consistent with Federal receipts from
Government to make payments in the future also are eliminated
and payments to the public as derived in the Budget of the
from expenditures ciorrently, but are added later when actual
United States (in the Budget for 1965 in Special Analysis A).
payments are made.
Shown also is the aincunt of net cash borrcwing from, or repay-
accrued on the public debt and expenditures involving the
ment of borrowing to, the public.
Revisions of the figures for
These itans consist of certain interest
issuance of a few special public debt securities.
Checks
earlier years have been made where necessary to make them as
outstanding, deposits in transit, and other clearing accounts
nearly conparable with current Budget classifications as avail-
are excluded from payments.
able data will permit.
For this reason certain of the figures
differ somewhat from those published in previous Budget doc-
cuments as well as in the Bulletin.
This series of cash transactions is designed to provide
information on the flow of money between the public and the
Federal Government as a whole, and therefore includes transactions not cleared through the account of the Treasurer of
the United States.
Receipts and payments incl^ude transactions
both in administrative budget accoints and in trust and deposit
fund accounts.
Major intragovemmental transactions which are
reported as both expenditiares and receipts are excluded from
Receipts from the exercise of
monetary authority are excluded as 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 agencies
and Government-sponsored enterprises through sales of their
own securities.
It excludes changes in the public debt which
do not represent direct cash borrowing from the public.
The
net effect of all these transactions with the public is reflected in changes in the balance in the Treasurer's account
and in cash held outside the Treasury.
Treasury Bulletin
22
•CONSOLIDATED CASH TRANSACTIONS
Table 1.- Summary of Federal Government Cash Transactions with the Public
(
In millions of dollars)
Federal receipts from the public
Less:
Federal payments to the public
Equals:
Fiscal year
or month
Fiscal year:
1957
1958
1959
I960
1961
1962
1963
Administrative budget
receipts
Trust
and other
receipts
(net)
(net)
Intragovernraental and
other
noncash
transactions
(See Table 2)
Total
Federal
receipts
from the
public
Administrative budget
expenditxires
(net)
Trust and
other
expenditures (net)
70,562
68,550
67,915
77,763
77,659
81,409
86,376
14,301
16,153
16,769
20,342
23,583
24,290
27,689
-2,758
-2,811
-3,025
-3,027
-4,001
-3,834
-4,326
82,105
81,892
81,660
95,078
97,242
101,865
109,739
68,966
71,369
80,342
76,539
81,515
87,787
92,642
12,938
15,325
19,521
21,212
22,793
1964 (Est.)
1965 (Est.)
88,400
93,000
30,163
30,872
-4,197
-4,130
114,366
119,742
98,405
97,900
29,315
29,372
1963-July
August
September
October
November
December
3,547
7,290
10,095
3,400
7,131
8,803
1,419
3,887
1,830
1,289
2,749
2,230
-273
-216
-274
-266
-264
-530
4,693
10,960
11,652
4,423
7,863
8,305
7,815
8,776
7,784
8,289
2,651
2,438
2,515
2,592
1,955
2,661
5,853
8,047
-313
-228
-309
-217
6,628
11,525
12,168
8,334
8,492
7,521
^609
1,088
3,705
2,330
1,94?
70,922
22,470
-2,890
90,502
1964- January
February
March
April
10,
Fiscal year 1964 to date
US
Plus:
9,617
10,503
Intragovernmental and
other
noncash
transactions
(See Table 2)
-1,899
-3,222
-5,111
-3,423
-4,766
-5,266
-5,436
80,006
83,472
94,752
94,328
99,542
107,662
113,751
2,099
-1,580
-13,092
750
-2,300
-5,797
-4,012
-5,016
122,704
122,690
-8,338
-2,948
-781
-629
73
-881
10,045
11,287
9,549
10,740
9,812
10,069
-5,353
-328
2,102
-6,318
-194
433
7,930
2,257
2,063
2,227
2,935
-902
-191
-707
-703
9,848
9,393
9,390
10,163
-3,219
2,132
2,778
-1,829
80,646
24,295
-4,645
100,296
-9,795
7,871
25,
Ul
26,545
-4, 581
-468
545
Cash borrowing from the public, or repayment (-)
Cash balances,
Equals:
net increase, or
decrease (-)
Change in securities held by the public
Fiscal year
or month
Fiscal year:
1957
1958
1959
I960
1961
1962
1963
Public
debt increase, or
decrease (-)
Net sales
of Government agency
securities in
market 1/
Net in-
vestment
in securities by
Government
agencies 2/
Total
Total
Noncash
cash
securities
debt
borrowing
held by
transfrom the
the public,
actions
public,
increase, or (See Table 2) or repaydecrease (-)
ment (-)
39
-43
9
-5,118
-152
2,938
-5,273
760
2,105
-151
-5,079
-196
2,947
-5,186
759
1,953
9
6
-3,111
2,531
6
1,861
5
-2,571
84
194
-23
335
-3,027
2,724
1,838
-2,235
57
-6,031
530
-5,501
-35
-22
183
586
-946
-411
-990
4,237
244.
1964-January
February
March
April
-770
1,780
-767
-1,989
-289
-230
24
109
1,328
-830
-167
1,491
1,600
1,741
1,261
2,22'
3,486
Fiscal year 1964 to date
2
-86
-133
1,253
-1,784
100
-193
1,773
1,132
171
328
265
296
-179
767
575
-3,921
269
720
-1,025
1,700
1,101
-481
-260
-5
941
1,204
1,112
1,639
1963-July
August
September
October
November
December
581
-3,916
271
128
839
1,126
949
1,511
3,U3
,
50
55
-128
-116
-101
-78
-163
-128
-2,446
-2,338
,
1,248
10,517
6,612
5,176
399
-911
Source: Actual figures are based on the monthly statement of receipts and
expenditures of the Government and the daily Treasury statement (for
explanation of reporting bases, see pagell); estimates, including effect
of proposed legislation, are from the 1965 Budget document released
January 21, 1964.
1/ See "Trust and Other Transactions" Table 5, for net sales and redemptions
of Government agency securities in market.
2/
2/
balance
-952
4,299
-4,422
2,651
-1,533
3,854
1,611
45
1,681
,
2,U6
Total
changes
in the
cash
140
-23
-4
-222
118
-74
4,366
2,893
5,940
5,200
1964 (Est.)
1965 (Est.)
-3,392
5,619
10,785
Cash held
outside
the
Treasury
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
49
-810
-550
-2,339
-597
1,130
-925
-855
-493
-2,069
,
Seigniorage
Treasxxrer'
2/
account
-3,100
5,820
8,626
1,848
712
9,594
5,579
1,171
400
1,293
1,746
-537
1,780
1,022
,
Plus:
292
200
-2,160
-597
-536
-923
-1,033
-2,224
5,816
8,363
1,625
2,640
9,230
7,659
,
Excess of
cash
receipts from,
or payments
to (-), the
public
Total
Federal
payments
to the
public
59
44
53
55
58
4
5
6
5
5
9
87
«
See "Trust and Other Transactions", Table 4, for net investments
in public debt and agency securities.
Includes increment resulting from reduction in the weight of the
gold dollar; excluded from receipts from the public but included
in cash deposits in the Treasurer' s account.
'
May 1964
23
'CONSOLIDATED CASH TRANSACTIONS
Table 2.- Intragovernmental and Other Noncash Transactions
(In millions of dollars)
Intragovernmental transactions excluded from both receipts and payments
Civil service retirement 1/
Fiscal year
or month
Interest
on trust
fund
investments
Payroll
deductions
for employees
1,318
1,342
1,315
1,327
641
660
744
744
838
845
Fiscal year:
1957
1958
1959
I960
1961
1962
1963
1963-July
August .
September,
October.
November.
December.
,
.
.
,
196/i-January.
158
133
103
105
792 4/
2,709
2,751
2,980
2,975
3,945
3,776
4,281
49
58
45
2,758
2,811
3,025
3,027
4,001
3,834
4,326
50
55
4,197
4,130
2
273
216
274
266
264
530
1,423
1,467
914
1,578
1,657
941
954
941
954
94
134
530
378
4,U7
4
41
13
62
49
302
77
76
83
77
76
77
77
26
4
7
4
87
16
82
39
81
81
81
81
3
1
46
271
213
269
259
259
521
11
54
74
102
88
83
561
898
57
86
78
90
86
78
90
27
94
3
12
1
13
110
303
222
304
April
44
85
85
-15
14
212
589
812
812
60
559
2,833
Fiscal year 196iV to date.
3/
59
44
53
55
4,075
February.
March. ...
50
Total
receipts
adjustments
Seigniorage
Total
66
37
75
525
579
Noncash
debt
transactions
relating
to receipts
Other 2/
744
744
838
845
914
l.-VOi
1964 (Est.)
1965 (Est.)
Employers'
share
Federal
payments
to District
of Columbia
4
5
6
5
9
313
228
309
9
6
6
217
57
Noncash debt transactions relating to payments
Fiscal year
or month
Fiscal year:
1957
1958
1959
1960
1961
1962
1963..:
Intragovernmental
transactions
(See
above)
2,709
2,751
2,980
2,975
3,945
3,776
4,281
Interest
increment
on savings
and retirement plan
bonds
Discount
on
securities
(net) 6/
(net) i/
336
385
383
136
430
496
577
418
205
-209
145
119
271
213
269
259
259
521
75
32
52
35
14
16
50
81
47
48
1964- January .
February.
March
303
222
304
76
84
18
U
212
38
-36
2,833
541
228
.
.
April .
.
. .
Fiscal year I964 to date.
55
70
25
772 10/
603 10/
4,075
International
Development
Association
7/
52
1963-July
August
September.
October.
November
December.
.
1/
InterAmerican
Development
Bank
-131
4,U7
.
United
Nations
funds
bonds
International
Monetary
Fund 7/
Total
noncash
debt
transactions
relating to
payments
-674
-450
1,361
-292
-200
2,160
259
258
171
255
536
923
1,033
Accrued
interest
on the
public
debt S/
Checks
outstanding Total
and
payments
certain
adjustother
ments
accounts 2/
2/
1964 (Est.)
1965 (Est.)....
. .
Adjusted
service
and
armed
forces leave
bonds 2/
50
22
58
58
14
810
550
14
-52
39
67
13
9
22
58
-22
10
5
13
25
43
25
35
597
39
93
76
132
6
18
186
l58
116
101
78
163
128
573
-705
463
417
-518
96
86
133
-684
563
5
35
503
-5
22
453
119
990
1,163
557
Treasury Bulletin]
24
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'a 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 account as well as for the account of their
customers.
they are
The tax and loan account system permits the Treasury
restored by csLlllng 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 Ite
the country.
operations.
As the balances In these accounts become depleted,
Deposits to tax and loan accounts occur In the normal
course of business under a uniform procedure applicable to
all banks whereby customers of banks deposit with them tax
payments and funds for the purchase of Government securities.
In most cases the transaction Involves merely the transfer of
the effect of Its fluctuating operations on bank reserves
and the economy.
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
of the Treasury for 1955, pages 275-284.
Table 1.- Status of the Account of the Treasurer of the United States
{In millions of dollars)
Assets
Treasury operating balance
month
Available
funds in
Federal
Reserve
Banks
Tax and loan
accounts in
special
depositaries
Gold in
Treasury
fund
1957
1958
1959
i98
ilO
535
i,082
8,218
489
3,7U
101
I960
50A
106
109
Total
operating
balance
Silver,
coin, and
currency
5,069
9,030
4,380
190
259
306
121
7,068
5,969
9,548
253
179
147
401
Unclassified
collections,
etc
37
49
63
In Federal
Reserve
Banks in
process of
collection
Tn other
depositaries
Total
assets
302
287
273
440
429
5,451
337
222
303
375
335
441
8,092
6,769
10,509
365
6,037
9,990
Liabilitie
V
Balance in
account of
Treasurer
of
447
240
100 2/
87
75
79
U.
S.
5,590
9,749
5,350 2/
1962
61.-
6,458
5,453
8,815
1963
806
10,324
120
11,251
136
74 2/
342
313
12,116
1962-Deoember.
597
6,092
126
6,814
162
93
234
234
7,586
7,509
1963-July
August.
September
629
705
943
5,564
5,389
7,958
131
135
118
6,324
6,229
9,025
148
142
158
39
33
105
202
168
188
285
275
309
6,998
6,846
9,783
6,998
6,846
9,783
October.
November
December.
881
2,839
890
880
3,521
5,621
117
133
120
3,837
4,544
6,622
152
135
133
60
130
173
193
174
183
269
288
264
4,510
5,270
7,375
4,510
5,270
7,375
162
134
194
141
59
122
224
260
188
376
354
318
4,264
6,795
8,656
4,264
6,795
8,656
174
46
440
413
6,085
6,085
1%1
.
196i-January.
February,
March. .
791
2,451
126
1,024
121
831
4,783
6,940
115
3,368
5,928
7,887
April. ...
925
3,974
112
5,011
.
Source:
Daily Treasury statement.
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 ulthin the general account of the
Treasurer, Uncollected items, exchanges, etc., also previously shown
as liabilities were combined with "Unclassified collections, etc."
shown under assets. Treasurer's checks outstanding are included
58
64
70
X/
2/
2/
1
In this way the Treasury Is able to neutralize
money from a customer's account to the tax and loan account In
End of
fiscal
year or
j
8,005
6,694
10,430
12,116
through June 1958, after which they are included in the balance in
the Treasurer's account.
(See footnote 2).
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 fiscal 1963, are net of uncollected items,
exchanges, etc. Previously these items were included under liabilities.
,
.
May 1964
25
ACCOUNT OF THE TREASURER OF THE UNITED STATES
,
Table 2.- Analysis of Changes in Tax and Loan Account Balances
(in millions of dollars)
Credits
Balance
Proceeds from sales of securities 1/
Fiscal year
or month
Savings
bonds
Retirement
plan
bonds
Tax
anticipation
securities
Other
Taxes
During period
Income (by
Withheld special
and
arrangeexcise 2/ ment)
Total
credits
Withdrawals
End of
period
High
Low
Average
^
1957
1958
1959
2,976
2,824
2,668
5,043
2,922
7,581
6,568
13,513
13,164
26,709
27,881
29,190
4,152
7,903
5,919
45,448
55,044
58,520
46,000
50,908
62,994
4,082
8,218
3,744
6,078
8,869
8,055
813
1,078
912
2,987
3,246
3,638
I960
2,679
2,737
2,725
7,784
7,613
5,898
7,920
1,788
3,774
33,059
37,519
6,053
9,142
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
1962
4,103
4,151
4,457
1963
2,699
2,963
3,830
1961
34,511
1,161
1,531
41,267
6,835
57,595
56,085
10,324
10,324
2,535
5,325
1962-Dec ember.
209
3,933
1,596
5,738
5,374
6,092
6,188
2,735
4,560
1963- July
253
1,638
4,943
4,400
79
6,730
5,350
5,564
5,389
7,958
10,257
5,839
8,100
5,432
4,011
3,169
7,076
3,730
1,970
5,175
8,335
1,412
60
8,090
3,618
5,970
2,434
1,748
6,813
4,022
4,792
2,839
4,504
4,449
1,694
4,704
6,392
2,428
4,565
3,076
4,082
1,825
5,707
2,451
4,783
6,940
6,005
4,891
7,437
2,166
2,323
2,743
3,405
3,459
5,013
3,974
6,234
1,577
3,477
August,
September
231
October.
November
December.
222
200
.
204
221
March.
.
.
302
248
223
April.
.
..
223
196^- January.
February
475
1,539
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 accoxint, 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
23
1,499
5,459
4,688
2,197
7,108
4,995
3,375
4,951
1,387
20
3,168
6,134
Source:
1/
2/
5,765
2/
3,521
5,621
5,432
March 1948; taxes on employers and employees under the Federal
Insurance Contributions Act beginning January 1950, and under the
Railroad Retirement Tax Act beginning July 1951; and a number of
excise taxes beginning July 1953.
Under a special procedure begun in March 1951, authorization may be
given for income tax payments or a portion of them, made by checks
of $10,000 or more drawn on a special 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.
,
*
2,241
5,081
Treasury Bulletin
26
•ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table 3.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)
Net cash transactions other than borrowing
Period
Deposits and withdrawals (budget,
trust, and other accounts)
Excess of deposits,
or withdrawals (-)
Net cash borrowor repayment of
borrowing (-)
Plus:
Clearing
accounts
ing,
Total net
transactions
Equals:
Treasurer' s
account balance, increase, or decrease (-)
Cash
deposits
Cash withdrawals 1/
81,875
82,094
81,612
77,279
85,015
93,736
4,596
-2,921
-12,124
-1,904
1,827
-306
2,692
-1,094
-12,430
-3,648
5,253
8,032
-956
4,159
-4,399
I960
1961
1962
1963
94,862
96,897
105,911
114,454
93,817
97,774
112,188
118,477
1,044
-877
-6,278
-4,023
309
-510
1,259
1,039
1,353
-1,387
-5,018
-2,984
1,301
76
8,755
4,670
2,654
-1,311
3,736
1,686
1964 (Est.)
1965 (Est.)
114,416
119,797
122,699
122,690
-8,283
-2,893
-8,283
4,366
2,893
-3,916
5,512
11,764
11,654
10,339
11,857
9,142
-4,826
-94
2,512
-477
-85
-332
-5,303
-179
2,180
185
26
758
-5,118
-152
2,938
October
November
December
4,852
10,123
10,401
11,232
10,354
9,261
-6,380
-230
1,141
150
-433
-6,229
-229
708
956
988
1,397
-5,273
760
2,105
1964- January
February
March
7,278
12,187
13,419
11,084
10 874
9,862
-3,806
1,313
3,557
-3,285
1,985
2,797
174
672
-760
-3,111
2,531
1,861
8,151
10,068
-1,917
155
-1,762
95,343
104,073
-8,730
-587
-9,317
Fiscal year:
1957
1958
1959
1963-July
August
September.
. .
April
F.Y. 1964 to date.
,
Actual figures are based on the daily Treasury statement; estimates,
including effects of proposed legislation, are from the 1965 Budget document, released January 21, 1964.
Figures in the first four columns of
this table may differ somewhat from those originally published in the
daily Treasury statement because of subsequent reclassification of
certain transactions.
2/
2
520
Source:
2/
546
-936
-2,571
3,286
Beginning with the February 1963 Bulletin figures have been revised,
as shown in daily Treasury statements beginning January 2, 1963, to
exclude transactions of clearing accounts.
Previously included under cash withdrawals. See footnote 1,
May 1964
27
DEBT OUTSTANDING
Table 1.- Summary of Federal Securities
(In millions of dollars)
Total outstanding
End of
fiscal
year or
month
Total 1/
Public
debt 2/
Interest-bearing debt
Matured debt and debt bearing no interest
Public debt
Guaranteed
securities
2/
Total
107
101
111
268,592
274,798
281,944
268,486
274,698
281,833
106
101
110
2,042
1,646
2,873
2,042
1,646
2,873
140
240
283,241
285,672
294,4^2
139
240
3,090
3,299
3,759
Public
debt
Guaranteed
securities
Matured
2/
1957
1958
1959
270,634
284,817
270,527
276,343
284,706
[1960
'l96l
1962
286,471
289,211
298,645
286,331
288,971
298,201
444
283,380
285,911
294,886
444
3,090
3,300
3,759
1963
306,466
305,860
607
302,559
301,954
605
3,907
3,906
1962-December.
303,988
303,470
518
299,726
299,209
517
4,262
1963- July
August. .
September
305,482
307,209
307,328
304,835
306,635
647
674
693
301,583
303,197
303,356
300,938
302,525
302,664
645
673
692
October.
November.
December.
307,147
308,933
310,089
306,442
308,215
309,347
705
718
742
303,163
304,811
305,955
302,458
304,093
305,213
309,339
311,150
310,408
308, 577
February.
March. . .
310,357
309,590
762
793
818
305,254
306,919
306, 222
April
308,402
307,601
802
304,186
276,
1964.- January
.
UA
306, 535
^
Special notes to Total
529
597
476
U5
International
Monetary
Fund
International
Development
Association
InterAmerican
Development bank
1,068
618
1,979
Other
444
4T0
417
438
2,238
2,496
2,667
115
55
484
310
2,922
129
125
420
4,261
551
3,012
151
125
422
3,898
4,011
3,972
3,896
4,010
3,971
263
310
273
2,961
3,028
3,028
129
129
129
125
125
125
418
417
416
704
717
741
3,984
4,122
4,134
3,984
4,121
4,133
264
336
349
3,036
3,036
3,036
129
187
164
125
125
125
430
438
459
304,499
306,132
305,405
755
787
817
4,085
4,231
4,186
4,078
4,225
4,185
295
311
266
3,036
3,166
3,171
164
164
164
125
125
125
459
459
459
303,385
801
4,216
4,215
278
3,166
164
150
457
Daily Treasury statement.
Source:
Includes certain obligations not subject to statutory limitation. For
1/
amounts subject to limitation, see page 1,
Includes debt incurred for advances to certain wholly owned Government
2/
agencies in exchange for which their obligations were issued to the
Treasury (see Table 6).
349
Guaranteed
securities 2/
C matured)
407
396
53
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-Araerican
Development Bank in payment of part of the U. S. subscription to each,
For current month detail, see "Statutory Debt Limitation," Table 2.
Ij
^
6/
Held outside the Treasury.
2/
Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities
[Dollar amounts in millions)
Computed annual interest rate
Total interest-bearing securities
End of
fiscal year
or month
Amount
outstanding
Public debt
and guaranteed securities 1/
Public
debt
Computed annual
interest charge
Public debt
and guaranteed securities \/
Public debt
Total
interest-
Marketable issues
Public
debt
bearing
securities
Total
public
Total
2/
Bills
2/
Certificates
Notes
Treasury
bonds
Nonmarketable
issues
Special
issues
Guaranteed
securities
1/
JiL
268,486
274,698
281,833
7,328
7,248
8,069
7,325
7,245
8,066
2.730
2.638
2.867
2.730
2.638
2.867
2.707
2.546
2.891
3.197
1.033
3.316
3.345
3.330
2.842
2.504
2.806
3.304
482
576
619
2.853
2.892
2.925
2.635
2.630
2.694
2.611
2.622
2.628
283,241
285,672
9,316
301,954
9,320
8,769
9,534
10,141
8,761
9,519
10,119
3.297
3.072
3.240
3.361
3.297
3.072
3.239
3.360
3.449
3.063
3.235
3.425
3.815
2.584
2.926
3.081
4.721
3.073
3.377
3.233
4.058
3.704
3.680
3.921
639
829
122
344
3.219
3.330
3.364
3.412
2.772
2.803
2.891
3.003
2.681
3.144
3.500
3.658
299,209
9,859
9,841
3.298
3.297
3.357
2.989
3.362
3.852
3.241
3.395
301,583
303,197
303,356
300,938
302,525
302,664
10,151
10,290
10,368
10,128
10,265
10,342
3.375
3.403
3.428
3.374
3.402
3.428
3.440
3.479
3.512
3.147
248
340
3.283
3.216
3.213
3.921
3.902
3.899
3.34A
3.359
3.416
3.415
3.419
3.433
3.018
3.043
3.039
3.673
3.685
3.700
October.
November.
December.
303,163
304,811
305,955
302,453
304,093
305,213
10,457
10,561
10,631
10,431
10,534
10,603
3.460
3.476
3.487
3.460
3.476
3.486
3.545
564
578
469
538
596
213
250
250
3.918
3.863
3.862
3.417
3.417
3.417
3.436
3.438
3.443
3.085
3.104
3.103
3.718
3.728
3.736
1964- January
February.
March.
304,499
306,132
305,405
10,665
10,800
10,792
10,636
10,770
10,761
3.506
3.532
3.537
3.506
3.531
3.537
602
3. 670
,637
.
305,254
306,919
306,222
643
3.689
3.715
3.250
3.250
3.250
3.848
3.863
3.863
3.4^8
3.457
3.457
3.446
3.447
3.450
3.107
3.124
3.135
3.740
3.751
3.770
.
304,186
303,385
10,750
10,720
3.547
3.546
657
3.746
3.250
3.882
3.457
3.457
3.118
3.777
1957
1958
1959
268, 592
I960
1961
1962
1963
283,380
285,911
294,386
302,559
1962-December.
299,726
1963- July
August. .
September
274,798
281,944
.
.
April.
.
294, U2
Source:
On the basis of the daily Treasury statement.
Note:
The computed annual Interest charge represents the amount of interest
that would be paid if each interest-bearing issue outstanding at the end
of each month or year should remain outstanding for a year at the
applicable annual rate of interest. The charge is computed for each
issue by applying the appropriate, annual interest rate to the amount
outstanding on that date (the amount actually borrowed in the case of
securities sold at a premium or discount, beginning wl'..h May 1960).
The aggregate charge for all interest-bearing issues constitutes the
total computed annual interest charge. The average annual Interest
rate is computed by dividing the computed annual interest charge for
1/
2/
y
3.584
the total, or for any group of issues, by the corresponding principal amount. Beginning with data for December 31, 1958, the computation is based on the rate of effective yield for issues sold at
premium or discount. Prior to that date it was based on the coupon
rate for all issues.
Guaranteed securities included are those held outside the Treasury.
Total includes "Other bonds" through 1960; see Table 3.
Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
On United States savings bonds the rate to maturity is applied
against the amount outstanding.
Treasury Bulletitf
28
DEBT OUTSTANDING
Table 3.- Interest-Bearing Public Debt
{In millions of dollars)
Public issues
Total
interest-
End of
fiscal
year or
month
bearing
public
debt
Marketable
Nonmarketabl
Total
public
Total
issues
Bills
Certif-
icates
Notes
Treasury
bonds 1/
U.
S.
Total
savings
bonds
Treasury
bonds,
investment
series
Depositary
bonds
Foreign
series
securities 2/
Foreign
currency
series
securities 2/
Other
Special
issues
268,486
274,698
281,833
221,658
228,452
237,078
155,705
166,675
178,027
23,420
22,406
32,017
20,473
32,920
33,843
30,973
20,416
27,314
80,839
90,932
84,853
65,953
61,777
59,050
54,622
51,984
50,503
11,135
9,621
8,365
196
171
183
46,327
46,246
i960
1961
1962
283,241
285,672
294,442
238,342
240,629
249,503
133,845
187,148
196,072
33,415
36,723
42,036
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
19
25
44,899
45,043
44,939
1957
1958
1959
,
U,756 1
1963
301,954
257,153
203,508
47,230
22,169
52,145
81,964
53,645
48,314
3,921
103
648
630
29
44,801
1962-Dec..
299,209
255,784
203,011
48,250
22,710
53,679
78,371
52,772
47,535
4,U3
110
360
299
26
43,426
1963-July.
300,938
302,525
302,664
257, 214
203,491
203,233
204,282
47,222
47,219
52,154
58,562
54,114
81,946
.80,463
186,456
53,723
53,773
53,732
48,427
48,549
610
505
488
655
705
705
29
29
43, 597
3,899
3,882
3,813
103
102
4.8,218
22,169
16,988
15,494
43,724
45,519
44,650
302,458
304,093
305,213
259,175
260,540
261,555
205,347
15,493
10,939
10,939
53,695
58,666
58,680
86,439
86,424
86,413
53,828
53,989
53,984
48,687
43,793
48,827
3,719
3,704
3,685
99
98
735
735
98
559
632
582
29
206, 551
49,720
50,521
51,539
262,581
263,249
262,184
208,589
209,218
208,223
52, 547
Mar..
304,499
306,132
305,405
53,550
52,548
10,939
4,198
4,198
56,444
64,457
64,478
88,658
87,013
86,998
53,993
54,031
53,961
48,925
49,046
49,101
3,649
3,638
3,613
97
97
98
505
435
373
760
760
710
64
41,917
42,883
43,221
Apr.
303,385
261,381
207,356
51,049
4,198
65,130
86,979
54,025
49,142
3,559
99
398
762
65
42,004
Aug.,
Sept.
Oct..
Nov.
.
Dec.
196i-Jan..
Feb..
257,006
258,014
207,571
Source:
Daily Treasury statement,
1/ Includes $50 million of Panama Canal bonds for fiscal years 1957-60.
2/ Consists'of certificates of indebtedness and from January 1963 Treasury
notes sold to foreign governments for U.S. dollars.
}/ Consists of the dollar equivalent of Treasury certificates of
^
101
28
23
32
760
56
55
43,283
43,553
43,658
indebtedness and from October 1962 Treasury bonds issued and
payable in designated foreign currencies.
Includes mainly 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
1/
(In millions of dollars)
Maturity classes
End of
fiscal year
or month
Amount
outstanding
Within
1 year
years
1
- 5
5
- 10
years
10 - 20
20 years
years
and over
Average length
1957
1958
1959
155,705
166,675
178,027
71,952
67,782
72,953
40,669
42,557
58,304
12,328
21,476
17,052
26,407
27,652
21,625
4,349
7,203
8,088
4 yrs.
7 mos.
I960
1961
1962
1963
183,845
187,148
196,072
203,508
70,467
81,120
88,442
85,294
72,844
58,400
12,630
10,233
9,319
8,360
7,658
10,960
15,221
14,444
4 yrs.
4 yrs.
4 yrs.
5 yrs.
4 mos.
57,041
58,026
20,246
26,435
26,049
37,385
6 mos.
11 mos.
1962-Deceniber..
203,011
87,284
61,640
33,933
4,565
15,539
4 yrs.
11 mos.
1963-July
August
September.
203,491
203,233
204,282
85,286
85,976
83,070
58,035
60,856
58,085
37,376
33,622
39,100
8,359
3,359
8,358
14,435
14,420
15,669
5
yrs.
yrs.
yrs.
mo.
mo.
3 mos.
205,347
206,551
207,571
84,556
83,335
89,403
57,673
56,660
53,487
39,097
37,500
35,682
8,358
8,358
8,357
15,653
15,648
15,642
5
yrs.
yrs.
yrs.
1
203,589
209,218
208,223
83,445
85,046
37,900
36,053
36,047
8,357
8,357
8,356
16,378
16,372
16,363
5
34,0U
57,509
63,392
63,413
5
yrs.
yrs.
yrs.
207,356
82,554
64,057
36,041
8,355
16,350
5
yrs.
.
October.
November.
December,
.
1964- January . .
February.
March
April
.
Source:
Office of Debt Analysis in the Office of the Secretary,
1/ All issues are classified to final maturity except partially tax-exenpt
4 yrs.
5 yrs.
5
5
5
5
5
9 mos.
3 mos.
1 30.
2 mos.
2 mos.
mo.
1 mo,
1 mo,
1
mo,
mo.
bonds, which have been classified to earliest call date.
The last of
these bonds were called on August 14, 1962, for redemption on
December 15, 1962,
lay
1964
29
DEBT OUTSTANDING
Table 5.- Special Public Debt Issues to United States Government Investment Accounts
(In millions of dollars)
Federal
Deposit
Insurance
Corporation
End of fiscal
year or month
Federal
Disability
Insurance
Trust
Fund
718
673
629
325
996
1,533
694
556
1962
44,899
45,043
44,939
500
2,017
2,299
2,304
1963
44,801
260
2,165
1962- December.
43,426
443
1963- July
August.
September
43,724
45,519
44,650
October,
November.
December.
Il958
46,827
46,2i6
Il959
U,756
L9tO
Federal
Old-Age
and
Survivors
Insurance
Trust Fund
Federal
Savings
and Loan
Insurance
Corporation
Federal
en^loyees'
retirement
funds
Government
Life
Insurance
Fund
19,463
18,610
17,227
103
112
116
7,394
7,738
8,608
1,200
1,144
1,127
104
138
132
9,397
10,4U
74
16,413
16,200
15,074
11,382
1,107
1,071
1,028
372
14,221
98
12,438
2,145
51
13,669
119
259
277
270
2,094
2,143
2,136
103
86
126
13,495
14,500
14,224
98
93
43,283
43,553
43,658
273
71
72
2,045
1,974
1,925
130
76
324
13,302
13,571
13,648
February.
March, .
41,917
42,883
43,221
75
183
179
1,845
1,833
1,820
140
65
58
12,764
13,207
13,452
April. ...
42,004
196
1,769
57
12,746
1.957
L961
,
196<i-January.
.
50
165
165
59
50
Highway
Trust
Fund
404
National
Service
Life
Insurance
Fund
Postal
Savings
System
1/
Railroad
Retirement
Account,
Unemployment
Trust
Fund
Other
2/
5,570
5,665
5,742
3,475
3,531
3,417
7,996
6,671
5,636
123
120
126
234
436
5,803
5,759
5,804
3,586
3,504
3,316
5,530
4,625
4,657
138
192
156
1,003
678
5,714
2,786
4,803
263
11,707
1,002
285
5,763
2,996
5,103
139
12,486
12,548
12,616
999
997
992
655
704
547
5,720
5.726
5,731
2,813
2,807
2,754
4,678
5,322
4,372
318
315
283
12,664
12,755
12,819
989
985
981
465
378
332
5,740
5,745
5,752
2,712
2,708
2,687
4,678
4,929
4,804
187
314
263
967
964
959
400
512
92
12,857
12,914
12,989
512
5,601
5,603
5,604
2,609
2,590
2,580
4,315
4,630
4,457
286
299
519
98
13,044
931
560
5,607
2,496
4,252
249
98
46
51
59
84
Daily Treasury statement.
Includes Canal Zone Postal Savings System through 1959.
Consists of: Adjusted Service Certificate Fund (through December 1956),
Source:
1/
2/
Federal
home
loan
banks
822
429
1
26
various housing insurance funds. Veterans' Special Term Insurance Fund,
and beginning March 1963, the Exchange Stabilization Fund.
Less than $500,000,
Treasury Bulleti]
30
,
DEBT OUTSTANDING
Table 6.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
I
(in millions of dollars)
Agriculture Department
End of
fiscal
year or
month
Total
Agency
for
International
Development 1/
Rural
Commodity
ElectriCredit
fication
CorpoAdminisration
tration
Housing and Home
Finance Agency
Secretary: ExportImport
Farmers'
Bank of
Home
WashAdminisington
tration
programs
1/
2/
Federal
Adminis- National
trator
Mortgage
Association ^/
1957
1958
1959
22,731
21,859
25,343
1,198
1,188
1,164
13,383
11,528
12,874
2,519
2,728
2,923
265
256
323
1,205
1,528
1,937
476
1960
1961
1962
1963
25,636
26,011
28,634
29,166
1,138
1,107
1,062
807
12,704
11,534
12,990
13,599
3,155
3,332
3,434
3,657
369
456
854
1,027
1,636
1,698
1,830
1,476
1962-December.
28,748
818
12,884
3,572
97
3
1963- July
August. , .
September.
27,335
27,723
27,744
757
757
757
11,380
12,205
12,280
3,737
3,737
3,737
October.
November.
December.
28,149
28,490
28,748
756
756
746
12,618
12,913
13,250
196^- January . .
February.
March
29,131
29,253
29 300
746
746
746
29,286
746
.
April.
,
282
Public
Housing
Administration
Saint
Lawrence
Seaway
Development
Corporation
Tennessee
Valley
Authority
Veterans'
Administration:
Direct
loan
program
Under
Defense
Production
Act
of 1950
Other
7/
6/
730
1,741
1,502
2,351
41
35
27
48
97
112
733
780
930
1,294
1,723
1,950
977
1,213
1,567
2,005
2,338
3,202
3,167
2,716
29
32
32
25
118
121
121
123
50
1,130
1,330
1,530
1,730
1,970
1,964
1,976
1,923
1,680
1,778
3,166
33
121
25
1,640
1,936
1,053
1,062
1,067
1,281
1,290
1,275
2,033
2,085
2,085
2,682
2,642
2,609
54
123
123
123
50
50
75
1,730
1,730
1,730
1,922
1,912
1,912
34
34
35
3,830
3,830
3,749
1,104
1,105
1,093
1,259
1,302
1,274
2,115
2,140
2,180
2,580
2,558
2,543
123
123
122
50
50
50
1,730
1,730
1,730
1,911
1,911
1,911
35
35
35
13,361
13,532
13,709
3,839
3,839
3,839
1,145
1,139
1,140
1,239
1,234
1,136
2,220
2,257
2,258
2,556
2,523
2,491
154
122
122
123
75
60
50
50
1,730
1,730
1,730
1,910
1,987
1,997
33
33
13,855
3,909
1,177
844
2,308
2,451
65
123
50
1,730
1,995
33
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 1962
Annual Report of the Secretary of the Treasury, page 850, and the 1963
Combined Statement of Receipts, Expenditures and Balances of the United
States Government, pages 505-506.
And predecessor agencies.
Beginning fiscal 1957 figures exclude notes
1/
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.
Jj/
Consists of notes issued to borrow for:
The urban renewal program
^
b/
96
61
39
37
65
21
22
22
29
34
(formerly slum clearance program); college housing loans; and public
facility loans.
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
the Treasury; Small
Business Administration, fiscal year 1957; '1/iited States Information
Agency for informational media guaranties (see footnote 1);
Secretary of Commerce (Maritime Administration) for the Federal
Ship Mortgage Insurance Fund fiscal years 1959-61, and 1963-64,
beginning March 1963; Virgin Islands Corporation beginning fiscal
I960; and District of Columbia Commissioners for the Stadium
Sinking Fund beginning June 1962.
;
7/
21
13
22
1
4ay
1964
31
,
Table 7.-
DEBT OUTSTANDING
Interest -Bearing Securities Issued by Federal Agencies But
Not
Guaranteed by the United States Government
(In millions of dollars)
End of fiscal
year or month
Total
Banks for
cooperatives
Federal
home loan
banks 1/
Federal
intermediate
credit banks
Federal land
banks 2/ 2/
1959
5,013
5,i23
6,708
179
199
284
738
456
992
924
1,159
1,456
1,552
1,646
1,888
I960
1961
1962
8,i07
7,765
9,332
330
382
430
1,259
1,055
1,797
1,600
1,723
1,855
2,137
2,357
2,550
1963
10,192
459
2,770
2,133
1962-December.
10,133
504
2,707
1,727
1963- July
August .
September,
10,322
10,624
10,870
459
473
473
2,816
3,036
3^299
October.
November.
December.
11,151
10,958
11,705
526
526
588
February.
March.
,
.
11,395
11,111
11,133
April.
. . .
11,250
1957
L958
.
.
.
196^- January.
.
Management
and liquidating issues
570
797
797
Tennessee
Valley
Authority
All other
issues
1,050
1,165
1,290
2,284
2,193
2,556
145
2,725
1,960
145
2,628
2,422
145
2,202
2,232
2,233
2,725
2,796
2,796
1,950
1,916
1,899
170
170
170
3,599
3,599
4,363
2,139
2,027
1,952
2,834
2,834
2,834
1,384
1,792
1,788
170
180
180
588
588
536
4,043
3,653
3,627
1,964
2,018
2,069
2,834
2,886
2,886
1,786
1,786
1,785
180
180
180
534
3,627
2,156
2,973
1,781
180
Office of Debt Analysis and agency reports.
Source:
Mote:
The securities shown in the table are public offerings.
The proprietary interest of the United States in these banks ended
1/
in July 1951.
Federal National
Mortgage Association
2/
2/
797
50
The proprietary interest of the United States in these banks ended in
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
Includes small amounts owned by Federal land banks.
offerings.
32
Treasury Bulletitl
STATUTORY DEBT LIMITATION
The Second Liberty Bond Act (31 U.S.C. 757b), as amended by
an act approved June 30, 1959, provides that the face amount of
obligations issued under authority of that act, and the face
amount of obligations guaranteed as to principal and interest
by the United States (except guaranteed obligations held ty
the Secretary of the Treasury) shall not exceed in the aggregate $285 billion outstanding at any one time. The corresponding limitation in effect under the act of June 26, 19A6,
was |275 billion and that under the act of September 2, 1958,
was $233 billion. In addition, temporary increases have been
authorized as follows:
$6 billion from August 28, 195A,
through June 30, 1956 (acts of August 28, 195-^, and June 30,
1955); 13 billion from July 1, 1956, through June 30, 1957 (act
of July 9, 1956); |5 billion from February 26, 1958, through
June 30, 1959 (act of February 26, 1958); 310 billion from
July 1, 1959, through Tune 30, I960 (act of June 30, 1959); |8
billion from July 1, I960, through June 30, 1961 (act of June
30, I960); 113 billion from July 1, 1961, through March 12,
1962, and |15 billion from March 13 thro'agh June 30, 1962 (acts
of June 30, 1961, and March 13, 1962); |23 billion fiom July 1,
1962, thro-jgh March 31, 1963, |20 billion from April 1 through
May 28, 1963, |22 billion from May 29 through June 30, 1963,
and %2U billion from July 1 through June 30, 196^ (acts of
July 1, 1%2, May 29, 1963, August 27, 1%3, and November 26,
1963, and an additional |6 billion, making a total of |30 billion, from December 1, 1963, through June 29, 196^ (act of
November 26, 1%3)).
Table 1.- Status Under Limitation April 30, 1964
(In millions of dollars)
Maxiimim 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 November 26, 1963
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
315,000
307,238
802
Total amount of securities outstanding subject to statutory debt limitation.
308,040
Balance issuable under limitation
Source:
6,960
Dally Treasury statement.
Table 2,- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding April 30, 1964
(In millions of dollars)
Class of security
Subject to statutory
debt limitation
Public debt
Interest-bearing securities:
:
Marketable:
Treasury bills
Certificates of indebtedness.
Treasury notes
Treasury bonds
Total marketable.
Nonmark stable:
Foreign series:
Certificates of indebtedness
Treasury notes
Foreign currency series:
Certificates of indebtedness
Treasury bonds
Treasury certificates
Treasury bonds
U, S. savings bonds (current redemption value),
U. S. retirement plan bonds
Depositary bonds
Treasury bonds, investment series
Treasury bonds, R. E. A. series
Total nonmarketable.
Special issues to Government agencies and tmist 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 F^jnd series
International Development Association series
Inter-American Development Bank series
Special bonds of the United States:
United Nations Children' s Fund series
United Nations Special Fund series
United Nations F.A.O, World Food Program series
United States notes (less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes.
Other debt bearing no interest
Total debt bearing no interest
Total public debt
Guaranteed securities: 1/
Interest-bearing
Matured
Total guaranteed securities.
Total public debt and guaranteed securities.
51,049
subject to statutory
debt limitation
Not
Total
outstanding
viay
33
1964
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding April 30, 1964
Other Than Regular Weekly Treasury Bills
(In millions of dollars)
Amount of maturities
Amount of maturities
Held by
rear
and
month
of final
maturity
1/
Description of security
U.
Total
S.
Govt,
All
other
investors
investment
accounts
and Fed.
Res. Banks
Year
and
month
of final
maturity
Description of security
1/
1965
1964
May.
Certificate
U-3/i% Note
3-3/4? Note
3-1/4.56
5/15/64-B
5/15/64-A
5/15/64-D
4,198
4,400
2,016
911
1,548
1,733
3,287
2,852
283
Jan.
.
Feb.
.
3.650/6 Bill
6/22/64
2,501
1/31/65
2-5/8? Bond
3.765? Bill
2/15/65
2/28/65
3.719? Bill
Mar...
June.
3.680? Bill
Apr.
.
May.
..
2,445
56
(tax ant.
Aug...
Oct...
July..
3.5&Zi Bill
7/15/64
1,998
50
1,948
Aug..
Note
3-3/4? Note
3.575% Bill
8/15/64-B
8/15/64-E
8/31/64
2,045
4,086
1,001
134
1,739
42
1,911
2,347
959
1966
Sept.
5%
3.536? Bill
9/30/64
1,002
951
51
Feb...
Apr.
.
May.
.
Aug...
Oct...
Nov,
Oct..
1-1/2? Note
3.633? Bill
lO/l/64-ED
10/31/64
490
1,000
.
490
801
199
1967
Nov.
3-3/4? Note
4-7/B? Note
3.590? Bill
11/15/64-F
11/15/64-C
11/30/64
5,961
3,867
1,005
4,153
2,309
62
1,809
1,558
942
Feb...
3-5/8? Note
Apr.
.
1-1/2? Note
June.
2-1/2? Bond
.
3-3/4? Note
Oct.
..
1-1/2? Note
Nov.
.
3-5/8? Bond
Aug.
Dec...
3.707? Bill
Total.
Footnotes at end of table.
12/31/64
1,000
46
954
36,571
15,263
21,308
.
Total.
(Continued on folloMing page)
Total
v"t
^iaif
35
1964
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Amounts In mlllloDS of dollars)
Description of new issue
Issue date
Number of
days to
maturity 1/
Maturity
date
Regular ueekly bills;
2
i96-V-Apr.
1964- Jan.
Jan.
Jan.
16.
23.
July
2
Apr.
July
9
9
Apr.
July
16
16
Apr.
23
23
July
Apr.
30.
Feb.
July
30
30
May
Aug.
7
6
U
13.
May
Aug.
Feb.
20.
May
Aug.
21
20
27.
May
Aug.
28
Feb.
Feb.
13
27
June
Sept.
Mar.
A
3
June
Mar.
12.
11
Sept. 10
Mar.
19.
June 18
Sept. 17
Mar.
26.
Apr.
2
Apr.
9p
June
Apr.
I6p
Apr.
23p
Apr.
30p
25
Sept. 2i
July
2
Oct.
1
July
9
Oct.
8
July
16
15
Oct.
July
Oct.
July
23
22
Oct.
30
29
196i-Mar
June
23
22
Tax anticipation bills:
1963-Oct.
196i-Jan.
15
15
One-year bills:
1963- Jan.
.
36
37
May 1964
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounts in millions)
Description of issue
Maturity
Issue
date
1957-January
February
February
February
February
date
1957-May
31.
7
March
March
December
December
1958- January
January
January
Jan<iary
March
13.
September
September
September
11.
18.
25.
October
October
October
October
October
16.
23.
30.
November
November
6.
13.
2.
9.
December
December
18.
December
26.
1959-January
2.
January
January
March
15
5
March
12 2/-
March
19
March
26
August
13....
August
20
August
27
1960-Uay
May
June
19
26...,
2
1961-January
19...
January
26...
February
March
2...
30...
i/
38
Treasury Bulletin
May 1964
39
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills V-(Continued)
(Dollar amounts in millions)
Description of issue
New money
increase, or
decrease (-)
Amount
of bids
tendered
Amount
of bids
accepted
11963- January
91
182
te,161
1,576
Jl,301
700
2.874
3.075
91
182
1,972
1,203
1,301
700
2.801
2.990
197
Number of
days to
maturity
Maturity
date
Issue
date
Average rate
on bids
accepted 2/
(Percent)
1962-August
2.
11962- November
$199
August
9
fl962- November
11963- February
August
16.
fl962- November
\l963- February
15
U
91
182
2,078
1,766
1,301
704
2.867
3.060
204
August
2}.
fl962- November
ll963- February
23
21
92
182
2,003
1,651
1,301
700
2.837
2.984
99
30.
Jl%2- November
11963- February
29
28
91
182
2,248
1,259
1,301
700
2.805
2.916
100
[1962- December
ll963- March
6
6.
91
182
2,054
1,332
1,301
700
2.834
2.977
100
fl962- December
13
ll963- March
U
91
182
2,377
1,291
1,301
701
2.789
2.911
101
fl962- Deqember
\l963- March
20
91
182
2,265
1,375
1,301
700
2.796
2.962
101
100
August
September
September
13.
September
20,
September
27,
ri962- •December
11963- March
ri963- •January
7
21
27
28
91
182
2,150
1,777
1,300
700
2.749
2.938
3
91
182
2,011
1,505
1,300
701
2.752
2.902
100
4
October
<+.
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
91
182
2,207
1,573
1,301
701
2.686
2.775
101
91
182
2,249
1,761
1,301
2.841
2.927
101
702
103
November
1
November
8
April
May
2
February
May
9
7
November
February
May
14
16
91
132
2,325
15
1,-436
1,302
701
2.801
2.846
November
23
February
May
21
23
90
181
2,409
1,274
1,300
800
2.833
2.892
199
November
29
February
28
,31
91
183
2,042
1,528
1,300
801
2.853
2.936
199
May
December
6
7
6
91
182
2.108
1,663
1,300
801
2.861
2.945
98
December
13
14
13
91
182
1,973
1,321
1,301
801
,807
.861
101
December
20
21
20
91
182
2,092
1,248
1,301
800
,860
,900
99
28
27
91
182
2,660
1,322
1,309
802
2.893
2.924
110
4
91
183
2,220
1,340
1,301
801
2.926
2.966
101
2,196
1,542
1,301
800
2.920
2.966
100
December
1963-January
27
3
January
10
March
28.
April
4
March
Jime
March
June
March
June
March
June
April
July
5
91
April
July
11
11
182
June
27
26
2,133
1,459
1,301
800
2.919
2.977
92
182
92
182
2,081
1,454
1,300
800
2.922
2.982
98
1,302
801
2.913
2.978
102
September
July
October
5
3
91
April
11,
July
October
11
10
91
182
2,292
1,553
April
18,
July
October
18
17
91
182
2,352
1,485
1,301
800
2.917
3.010
100
2,259
1,670
1,300
801
2.884
2.982
99
April
25
Footnotes at end of table.
July
October
25
24
91
182
(Continued on following page)
Treasury Bulletin]
40
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury BlUsi/- (Continued)
(Dollar amounts in millions)
Description of issue
Mali
1964
41
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Date subscription books
Treasury Bulletin
42
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
I
A3
May 1964
PUBLIC DEBT OPERATIONS,
Table 4,- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscription books
opened or bill
tenders received
Period to final
maturity
(years, months,
days) 2/
Date
Description of security
of
l/
issue
Amount of subscriptions tendered
Cash
Exchange
2/
Amount issued
In exchange
For
cash 2/
Allotment
ratio
(In millions of dollars)
9/20/61
8/
10/2/61
2.705)6 Bill
10/1/61
1-1/2^ Note
5/15/61
3-1/456 Note
10/16/61
2.975i6 Bill
^11/15/61
11/15/60
3-l/4i6 Note
12/2/57
3-7/8? Bond
10/10/61
11/6/61
9/27/61
^
11/15/61
11/9/61
3-3/4S6 Bond
2.277S6 Bills
V
6/22/62 - Tax ant.
(At auction)
10/1/66-EO
Reopening
Issued at 99.75
11/15/74 - Reopening
Issued at 99.00
[12/7/61-1
\l/25/62
J
"Strip" of 8
series
(At auction)
^
6/23/60
3-7/8!? Bond
5/15/68 - Reopening
Issued at 99.50
1/9/62
1/15/62
3.366? Bill
1/15/63 - At auction
10/1/57
4?
Bond
2/15/62
2/15/62
4?
Note
4?
4?
3-1/2?
3-1/2?
Bond
Bond
Bond
Bond
2/5/62
f
1.
3-1/2J6 Certificate
10/1/69 - Reopening
Issued at 99.75
2/15/63-A
8/15/66-A
2/19/62
3/20/62
3/23/62
2.896? Bill
9/21/62
4/1/62
1-1/2? Note
4/1/67-EA
4/18/62
3-3/4? Bond
8/15/68
4/15/62
2.943? Bill
s/
4/10/62
5/15/62
5/15/62
5/15/62
3- 1/4? Certificate
4/30/62
3-5/8? Note
3-7/8? Bond
7/10/62
7/15/62
3.257? Bill
7/15/63
3-1/2? Certificate
Bond
4?
4-1/4? Bond
9/15/62
\ 9/15/62
3-3/4? Note
Bond
4?
8/15/67-A
8/15/72
10/3/62
2.616? Bill
3/22/63
10/1/62
1-1/2? Note
lO/l/67-EO
10/9/62
10/15/62
2.969? Bill
10/29/62
ril/15/62
^ 11/15/62
L
9/10/62
9/26/62
8/
f
Ul/15/62
11/7/62
11/19/62
1/8/63
1/9/63
3-1/8? Certificate
3-1/2? Note
Bond
4?
.
Issued at 99.80
Issued at 99.50
2/6/63
2/4/63
r 2/15/63
\ 4/18/62
2/25/63
3/15/63
5/15/62
12/2/57
1/23/59
3/14/63
2/6/63
Footnotes on following page.
320
2,001 28/
1,1U
-iy
ly
6m
6,862
4,454
6,862
4,454
sin
2,806
563
900
933
2,306
11>
lllm
8|in
3y
9y
1,802
4iii
6,827
1,258
ly
3,454
^
270
6,686
3,1U
3,1M
6m
1,204
1,204
3,719
20,155"
6y
ly
6m
30y
4y
9y
11m
11m
ly
Reopenings
Issued at
99.50
2/15/88-93 - At auction 62^
2.929? Bill
6/24/63 - Tax ant.
94. 5d
(Average
4,856
3,286
2,344
4,856
3,286
2,344
250
250
ly
5,244
2,4%
138d
2,062
1,001
5y
Note
Bond
Bond
Bond
2/15/67-B
11/15/71 - Reopening
11/15/74 - Reopening
2/15/30 - Reopening
3y
8y
iiy
16y
V
6/24/63 - Tax ant.
(Reopening
(Continued on following page)
t]^
SI 66/
28/
ly
6m
6,741
2,490
6,741
2,490
4,287
8m
11m
4,287
1,515
1,074
1,131
94d
2,442
100 6i/
1,001
2,410
Im
^
jlOO 62/
2,500 28/
4,535
30y
(A^«"=^l°"'
60/
61/
62/
457
457
11m
2/15/64-A
8/15/63 - Reopening
100 xi/
3,005
5,942
2m
^
5,282
2,579
3y
17y
3-I/4? Certificate
3.3/4? Bond
3,782'
3,070
1,836
360
5,282
2,579
3m
1
2,004 28/
6,743 IS/
315J
ly
3y
9y
2,001 28/
6,686
ly
At auction
10/15/63
ll/15/63-D
ll/15/65-B
2/15/72
900
933
ly
9m
170d
100
11/
563
3,593
5y
1/15/64 - At auction
2.855? Bill
^
1,619
^
3.015? Bill
3-5/8?
3-7/8?
3-7/8?
4?
320
3,650
182d
100 i2/
1,519
ly
Tax ant.
(At auction)
II/I5/71I
2/15/8OJ
1/30/63
517
Sim
Issued at 101
3-7/8? Bond
Bond
4?
1/15/63
517
7y
At auction
f 5/15/62
Bond
l3y
5m
At auction
/1/17/63-] "Strip" of 10
series 6^
13/21/63 J
(At auction)
4?
3,642
2,384
5y
2.866? Bill
1/17/53
2,003 22/
3,642
2,384
6y
6y
11/15/62
\ 1/23/59
ig/
3m
6m
46. 5d
^
8/15/63-C
2/15/69
8/15/87-92
8/15/62
8/15/62
8/15/62
r
^
3,756
2,295
(Average)
Tax ant.
(At auction)
4/15/63
5/15/63-B
2/15/66-B
11/15/71
7/30/62
ly
4y
9y
17y
27y
36y
3/15/71
2/I5/8O - Reopening
2/15/90 - Reopening
11/15/98 - Reopening
3/1/62
1/23/59
2/14/53
L 10/3/60
f
5,687
ly
-
357
357
7m
10/15/62 - At auction
2/15/63-E
5/15/66
2,511
5,131
5y
ly
5/15/63-D - Reopening
Issued at
99.875
11/20/61
1/15/62
268d
1,515
1,074
1,131
1,502
jlOO 68/
100 62/
\
4^
Treasury Bulletin
PUBLIC DEBT OPERATIONS,
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscription books
opened or bill
May 1964
45
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
15/
16/
17/
IB/
22/
23/
24/
25/
26/
27/
28/
29/
20/
23/
Subscriptions for flO,000 or less were allotted in full.
Subscriptions for more than $10,000 were allotted 26 percent to savings-type
investors and 10 percent to all other subscribers but in no case
In addition, |100 million of the bonds was
less than $10,000.
allotted to Government investment accounts,
Subscriptions for $10,000 or less were allotted in full.
Subscriptions for more than $10,000 were allotted 20 percent but in no case
In addition, $100 million of the bonds was
less than $10,000,
allotted to Government investment accounts.
Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted 2A percent but in no case
In addition, $100 million of the notes was
less than $25,000.
allotted to Government investment accounts.
Subscriptions for $5,000 or less were allotted in full. Subscriptions for more than $5,000 were allotted 60 percent to savings-type
investors, AO percent to commercial banks for their ovm accounts,
and 25 percent to all other subscribers, but in no case less than
In addition, $100 million of the bonds was allotted to
$5,000.
Government investment accounts.
Tax anticipation certificate, acceptable at par plus accrued
interest to maturity in payment of income and profits taxes due on
the quarterly payment date immediately preceding maturity.
Subscriptions for $100,000 or less were allotted in full.
Subscriptions for more than $100,000 were allotted 59 percent but in no case
less than $100,000.
Subscriptions for $100,000 or less for the bills and $50,000 or less
for the notes were allotted in full.
Subscriptions for more than
the minimum for each issue were allotted JJ^ percent on bills and 35
percent on notes but in no case less than the minimum.
In addition,
$100 million of the notes was allotted to Government investment
accounts.
Subscriptions for $100,000 or less were allotted in full.
Subscriptions for more than $100,000 were allotted U7 percent but in no
case less than $100,000.
Subscriptions from savings-type investors totaled $720 million and
were allotted 70 percent. Subscriptions from commercial banks for
their own account totaled $470 million and were allotted 35 percent.
Subscriptions from all other Investors totaled $610 million and were
allotted 15 percent. Subscriptions for $25,000 or less were allotted
in full when accompanied by 100 percent payment at the time of entering the subscriptions. All other subscriptions for $5,000 were
allotted in full. Subscriptions for more than $5,000 were allotted
not less than $5,000.
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 April 23, 1959 (not less than 25 percent by
January 23, 1959, the issue date; 50 percent by February 24, 1959;
75 percent by March 23, 1959; and full payment by April 23, 1959),
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 50 percent but in no case
less'than $100,000.
In addition, $100 million of the notes was
allotted to Government investment accounts.
Subscriptions from savings-type investors totaled $240 million and
were allotted 65 percent. Subscriptions from commercial banks for
their own account totaled $941 million and ware allotted 35 percent.
Subscriptions from all other investors totaled $322 million and were
allotted 20 percent. Subscriptions for $25,000 or less from savingstype investors and commercial banks, and for $10,000 or less from
all others, were allotted in full. Subscriptions for more than
these minimums were allotted not less than the minimums. In addition, $50 million of the bonds was allotted to Government investment accounts,
Full-paid subscriptions of $25,000 or less, totaling $941 million,
were allotted in full. Subscriptions from savings-type investors
totaled $1,361 million and were allotted 45 percent. Subscriptions
from commercial banks for their own account totaled $6,390 million
and were allotted 8 percent, but not less than $1,000 on any one
subscription.
Subscriptions from all other investors totaled
$2,433 million and were allotted 5 percent, but not less than $1,000
In addition, $100 million of the notes
on any one subscription.
was allotted to Government investment accounts.
Holders of approximately $1,600 million of Series F and G savings
bonds issued in 1948, which mature in 1960, were offered In exchange
the 4-3/4/f notes, with certain adjustments as of December 15, 1959,
Smaller denominations of savings bonds could
at a price of 99-3/4)6.
be exchanged for the next higher multiple of $1,000 of the notes upon
payment of any cash difference. Cash payments amounted to $3 million.
Issued as a rollover of maturing one-year bills.
Savings-type Investors were given the privilege of paying for the
bonds in installments up to June 15, 1960 (not less than 40 percent
by April 14, the delivery date; 70 percent by May 15; and full
payment by June 15).
In addition to the amounts allotted to the
public, $100 million of the bonds was allotted to Government investment accounts.
Subscriptions for $100,000 or less were allotted In full. Subscriptions for more than $100,000 were allotted 30 percent but in no case
In addition, $27.4 million of the notes was
less than $100,000.
allotted to Government Investment accounts.
Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted 85 percent but in no case
-
32/
33/
34/
35/
36/
37/
38/
39/
40/
41/
42/
43/
44/
45/
(Continued)
less than $25,000,
In addition, $71 million of the notes was
allotted to Government investment accounts,
Subscriptions were permitted to be made with payment in cash or in
4-3/4/6 Treasury notes maturing August 15, 1960 (see Table 7, footnote 22),
In addition, in order that holders of 3-5/8? Federal
Natioi)al 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 matxiring
August 23, 1960 (see footnote 32),
Consists of allotments on subscriptions from holders of Treasxiry
notes maturing August 15, 1960,
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 $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? 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 7,
footnote 17).
Consists of allotments on subscriptions from holders of certificates
of Indebtedness maturing 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 7, 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.
47/ In addition to the amounts allotted to the public, there was allotted
to the Federal Reserve flanks 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.
48/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 37 percent but in no case
In addition, $100 million of the notes was
less than $100,000.
allotted to Government investment accounts.
Footnotes continued on following page.
46/
46
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
Includes $2 million allotted to Government
investment accounts of the
i2/
'-'^'^ '°"'^ °' ^'''' ^"' *"^ "^^^^of'{he^
Sale of a "strip" of Treasury bills,
consistlj^ of an additional $100
million lor cash of eight series of weekly
Treasury
T,%i tZ'lc^^V''
bills maturing
from December 7, 1961, to January
25, 1962
Holders of approximately «970 million of
Series F and G savings bonds
"''^='^ ''^^^^ i" 1962, were offered
in exc
the
?%* bonds
n" i^^°;
i-1/8%
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 t309 000
Subscriptions for $50,000 or less were allotted
in full.
Subscriptions for more than $50,000 were allotted
60 percent but in no cas^
less than $50,000.
In addition, $100 million of the bonds
w^s
allotted to Government investment accounts
Includes $J,411 million allotted to Feder
1 Reserve flanks and Government investment accounts of the 3-l/2^
certificates and ',--"
$1,518
million of the it% notes.
allotted to the public, there was allotted
Jo ^v^i'r r/*"^
'"=5°"«ts $385 million of the ^% bonds of
«^!^ million
iStT
n,
r"*
19
-'I, «177
of
the A% bonds of 1980, $218 million of the T-i /?«
^^
bonds of 1990, and $221 million of the
3-l/2^ bonds of 1998
exchange for tax anticipation bills maturing
iT^lo\°''.Hfr^
March
23, 1962 (see Table 7, 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 Govem°' '''^ ^-^/** certificates, $H million of
the\^%l
the
3-5/8^ notes,"='Ttf
and $6<i million of the 3-7/8^ bonds
Subscriptions were permitted to be made with
payment "in cash or in
"°'-"' '"^'^ '-^-^"^ ^"^=^ ^5. 1962 (See
J^
f
IV
T'T^
^
i2/
62/
6^/
T^l^TTolZ^i^t
52/ Consists of allotments on subscriptions from holders
of Treasury
notes maturing August 15, 1962.
60/
'''"'" '.P""'""^ subdivisions or
instnimentalities
therecf^'nl^h?-""™
thereoi
public pension and retirement and other
public funds, international organisations in which the
United States holds membership!
^
^""^ '"'"g" 2^^*-'^=' Government Investment
J\^'^'
accounts and
the Federal Reserve Banks totaled
Ji,760 million for
'''°"^'' '" ^""' ^" -""'"d— with the
otfering
o?Lrin^'cirLl:
circular. Subscriptions from all others
totaled $15 395
^^-1/2 percent with subscription! for
$50 om ::'i"'" ?^^?"!^
'"^^ ^<^ ^'"^^ f"'- "'°'-« than $50,000
ano??ert not
allotted
not less than
^f-'Li"
$50,000.
61/
'""'' ^°^^^^^ ^^•'^^ million and were
fllo^t'dlrL'"'" f''-^? ^"Ascriptions for
$100,000 or less allotted
?n fun and TZT)*'''^" «100,000 allotted
not less than
SlOO mn
r
J!-*"" ""r
$100,000.
In
addition,
$100 million of the bonds was allotterto
aixoLLea to
Government investment accounts.
62/ All subscriptions for the
4-1/4* bonds were allotted in full
In
addition, $50 million of the bonds
was allotted to Gov"n»en;
investment accounts. Savings-type
investors were glvln'^e privilege
^"°"«^t° them in instalLnts '; Z^'^''"
uctober 15, 1962 (not
Octo'^^rls'^igL
fn":?',less than 30
percent by August 15. 1962 the
"' '''''""''
^^
"' ''''• -d f"ll
oizvr^,: 1962^"'"'
Zl^, "
70/
65/
Subscriptions for $100,000 or less
were allotted in full. Subscrip*'°°'°°° "^^^ ^''°''''
' "--"^ ^' '"
le^rth^n $"l°00,or
:rth:T5/Vno?::?""*=
- --
22/
W
25/
66/
hoinf \°^K^"r°''^"^*^^y ««8 million of Series F and
j/hZT"
''"^ '"'^' °"''^''
^
One-year bills issued monthly beginning
September 3, 1963
"""""'^ *° ^"^ P""i=' ^^ere was allotted
*"'
to Federa^R
Government investment accounts $23 million frthpri/sl
Uon
^"Z
of the 3-7/8? l"^/
bonds of
1968, and $171 million of the
4? bonds of
7T''
26/
i96^1s:rT:bre 7:'fL"t:o:eifi
22/
!Slion for'^»'r'
3'^l'/8«'cer??f,-"„'r
22/
80/
the 3-7/8^
3
bonds or "':."'^i
the 4^ k"'
bonds with certain adjustments is of
-^-^-^ °-°a-
i^.
"" ""^« ""h P^^«"t i" =«=h or in
"°'^=' '°*' "^^"''^"^ ""-''^5, 1963
'"''^'^/o/°
(Sef Tabrr7r?oo:no:: 28"^'
°" ^'^bscriptions from holders of Treasury certificates
S?icates°of1ndehr.*'
of indebtedness and Treasury notes
maturing November 15,
^*«'«^' /"""cal subdivisions or instrumentalities
thereof
?l!ereof'''nnM/''°°'
public pension and retirement and
other public funds inter!
national organizations in which
the United States holds membershin
"*''^"' «-e™ent inv'tmenf a^iounts
fIZ:] b"*' '"« 'r"^"
'" P"°"""' '" ^^' °"^'^"e circular,
Staled $4
totaled
$1 307
TO7 m
!r"' andr^"'
million
were allotted in full. Subscriptions
sub-
ZrZ
81/
82/
Issued to replace the one-year bills
maturing January 15 1964
'''°"'' *° '^' P"^^^=' «l»5^nIon ut's
allotted
L"lotted'?o
"°""'f
to C°
Government investment accounts
Subscriptions for $50,000 or less were
allotted in full
Suhsor-i t
^"'=='='^1?^""=
for more than $50,000 were
allotted 83-1/2 percent b^ in
ess than $50,000.
In addition, $125 million' of
the
bonds
Cas
allotted
dotted
to Government investment
accounts.
Includes $4,014 million allotted
to Federal Reserve Banks and Govern
ment investment accounts of the
3-7/8? notes
•
§5/
m
86/
^"^-^^p«ons
for'^^''jh^$%^s^o°•°°°e°IlSLd%^^:iJr1ti"•^""•
allotted 9 percent but
no case less than
$50,000.
Includes $6,383 million allotted to
Federal Reserve Banks and Government^investment accounts of the 4? notes
and $29 million of ?he
I-Ta?
G savings
exchl^""fither
f
^°^ °"^-^^^^ "^^^^
"ills, consisting of an additional
$100
/'•^''^^P^
23/
a
•
^^J^^
f^^^^
72/
%/
Ti^
-/-
Includes $3,327 million allotted
to Federal Reserve Banks and Govern°' ''^ '-'''' certificates, and $^'mSrio"
addition to the amounts allotted to
the public, there was allotted
'°''"°? ^^1°'''^ to Federal Reserve Banks and GovemmentlnvefL'nt
°',^'" ^'^^^"^ certificates. $1 million of
the J-i/
tne
3-l"2f
no?e, and $6 million of the
2,6 notes,
bonds.
T'-^''^"^
°^
Wll=. consisting of an additional
$100 ^[n
c'^"
oi
71/
™t
64/
=-""--=
Ti/i^ — .-^ :^i^;i^i^(-^ ZX^^^
r^ferlng
f
In
December 15, 1962, at a price of 99.50.
Smaller denominations of
"7"' '^ ^''=''"^^' '°'
"«^*- ^ig^- ™Uiple o?
l500"o?
of the
thf hbonds upon payment of any '"'
$500
cash difference.
Cash payments
amounted to $93,000 for the 3-7/8? bonds and
$101,825 for the A% 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 A% coupon, resulting
in a net basis cost to the
Treasury of 4.008210?, calculated to
maturity
Includes $3,921 million allotted to
Federal Reserve Banks and Govern°' ''- '-''''
-^ »i5"mi?ii:r
£f9nri:::s-:nf:c:i;n::ii^?8^:ri^-:fr-8.^r^^
""V^^
62/
(Continued)
r^hr;!3/4Tbon^ds™™'=
62/
f
iS/
-
Preliminary.
May 1964
47
PUBLIC DEBT OPERATIONS.
Table 5.- Securities Issued In Advance Refunding Operations
Securities issued
Date issued
6/23/60
Amount
issued
(In millions)
5/15/64-D
5/15/68
h-3/A%
3-7/^
Note
Bond
3-1/2$
3-1/2$
Bond
Bond
11/15/80
2/15/90 i/
3-1/2$
Bond
11/15/98
1
Adjustment payments
at issue (per tlOO
of face value)
1/
By
Treasury
To
Investment
yield 2/
Eligible securities exchanged
Treasury
3.75$
3.88
4.24$
643
993
3.50
3.50
1,095
1,248
»3,893
320
10/3/60
Effective
interest
rate 2/
k-l/2$
Bond
3.92
3.96
2-1/2$
2-1/2$
Bond
Bond
3.50
3.50
3.97
3.99
2-1/2$
2-1/2$
Bond
Bond
2,438
3.38
3.63
2-1/2$
Bond
1,131
1,296
1,177
3.62
3.62
2-5/8$
2-1/4$
2-1/4$
Note
Bond
Bond
2-1/2$
2-1/2$
Bond
Bond
4.M
2,343
3-3/8$
Bond
-
11/15/66
3/15/61
3-5/8$
Bond
-
11/15/67
$0.30
3.57
3.75
3.75
3.75
2.25
3.50
3.34
3.25
4.16
4.15
0.25
3.56
3.47
4.23
4.21
3,604
3-1/2$
Bond
-
11/15/80
y
1,035
238
1,273
9/15/61
3-1/2$
Bond
-
2/15/90
i/
722
576
ll.OO
1,298
3-1/2$
11/15/98
Bond
V
495
692
3.60
3.55
2.00
1.00
1,187
4$
Bond
2.00
4.00
3.75
563
.25
3.98
4.20
233
1.25
1.50
1.75
3.43
3.42
3.40
4.21
4.21
4.19
0.25
3.50
3.49
3.48
4.19
4.19
4.17
0.50
0.10
0.40
0.40
0.40
1.00
3.86
3.77
81
80
81
0.70
0.30
0.60
0.60
0.60
1.20
4.09
4.04
4.07
4.07
4.08
4.15
1,154
1,651
8/15/71
2,806
4$
3/1/62
3-1/2$
Bond
Bond
-
-
2/15/80
V
2/15/90 i/
345
322
900
181
3-1/2$
Bond
11/15/98
y'
420
333
0.50
933
772
3-3/4$
Note
8/15/67-A
1,093
981
953
1,301
181
3.84
3.84
3.85
3.98
,81
,81
,83
5,282
9/15/62
370
259
402
i.%
Bond
8/15/72
U9
720
379
2,579
4.06
4.05
4.06
4.06
4.06
4.07
48
May 1964
Table 6.-
49
50
May 1964
51
PUBLIC DEBT OPERATIONS
Treasury Bulletin]
52
PUBLIC DEBT OPERATIONS
Table 6.- Allotmente by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills i/- (Continued)
May 1964
53
PUBLIC DEBT OPERATIONS
Table 7.- Dlpposltlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
5-;
Treasury
Builet
m
May 1964
55
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securlt ies
Other Than Regular Weekly Treasury Bills - (Continued)
56
May 1964
57
PUBLIC DEBT OPERATIONS.
Table 7.- Dlepoeltlon of Matured Public Marketable Securlt ies
Other Than Regular Weekly Treasury Bills - (Continued)
Date of
refunding
or retirement
58
Treasury Bulletin
j
PUBLIC DEBT OPERATIONS
1
Table?.- DlFpoeltlon
of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
-
(Continued)
May 1964
59
PUBLIC DEBT OPERATIONS
Table 7.- Dlppoeltlon of Matured Public Marketable
Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Called or maturing security 1/
Disposition offers
Date of
by Treasury
refunding
or retirement
Issue
date
Description
Amount
outstanding
Cash
retirement
Exchange
security
offered
Results of exchange offers
Exchanged
Description of new
security offered
(See also Table i)
Turned
in for
cash 2/
{In millions of dollars)
3-lA^
5/WU
Cert,
5/15/6^-8
5/15/63
4,198
^-3A*
Note
5/l5/6i-A
7/20/59
4,400
3-3//,%
Note
5/15/6A-D
6/23/60
2,016
Total
10,
6U
Bureau of the Public Debt. Preliminary figures are from subscription and allotment reports; final figures are on "clearance
basis" in daily Treasury statement.
Original call and maturity dates are used.
All by investors other than Federal Reserve Banks,
Source:
1/
2/
3,/
^
y
6/
7/
8/
9/
0/
1/
i/
y
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 24, 1957.
Tax anticipation issue; for detail of offerings beginning 1957, see
Table 4; for amounts redeemed for taxes and for cash see "Note" below.
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),
Galled on May 14, 1958, for redenqjtion on September 15, 1958.
Represents amount which owners exercised the option to redeem on
August 1, 1959 (see Table 4, footnote 9).
Holders of the 45t notes, who had the option to redeem at par on
February 15, I960, by giving notice not later than November I6, 1959,
were permitted to exchange their holdings on November 15, 1959, for
the 4-7/8% notes.
Rolled over into a one-year bill (see Table 4).
Amount which owners exercised the option to redeem on February 15,
I960 (see Table 4, footnote 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. See also Table 5.
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, I960, to June 13, I960, 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.
Holders of the maturing notes were not offered preen^tive rights to
i,198
'3,82ip
30 8p
3,460p
620p
2,016
10,614
'l,271p
60 2p
10,085p
66p
320p
U3p
529p
K%
Note
11/15/65-E
lv-\/k% Bond
Note
\%
L-\/lA Bond
11/15/65-E
5/l5/7i
Note
11/15/65-E
5/15/74
'iS
i-l/ijt Bond
|8,555p of IS Note
'[l,530p of U-\/U% Bond
exchange their holdings, but were permitted to present them in payment or exchange, In whole or in part, for the 3-1/8J 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.
14/ 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).
15/ Reopening of an earlier issue.
16/ Holders of 2-1/2? Treasury bonds maturing June 15, 1967, December 15,
1968, Jiine 15, 1969, and December 15, 1969, were offered the option
to exchange the bonds during the period from September 12, I960 to
September 20, 1960, 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).
From
March 20 through March 22, 1961, owners of 2-1/4? bonds of June
12/
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.
20/ Holders of the maturing certificates and notes were not offered
preen^jtive 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-l/4? notes. For detail of offering, see Table 4.
21/ 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).
Remaining footnotes on following page.
Tt
reasury Bulletin]
60
PUBLIC DEBT OPERATIONS
Footnotep to Table 7
22/
22/
24/
2y
7A/
27/
28/
22/
^
31/
$1,569 million were redeemed for cash and $168 tnillion were exchanged for the tax anticipation bills dated March 23, 1962 (see
Table i)
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 A% bonds, or the $750 million offering of L,-\/lS
bonds.
For detail of offering, see Table i.
Excess of maturing lA notes and 3-l/i/t notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 58 and 59).
From September 10 through September 12, 1962, owners of securities
maturing February 15, 1963 (3-1/2? certificates, 2-5/8$ notes,
3-1/4? notes), and hfay 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.
Holders of the maturing one-year bills were offered the option to
exchange the bills for the tax anticipation bills dated October 15,
1963 (see Table 4, footnote 76).
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
$7,600 million offering of 3-7/8? notes. For detail of offering, see
Table 4.
Excess of maturing 3-1/8? certificates and 4-7/8? notes over allotments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 78 and 79).
Tax anticipation bills issued to replace the maturing one-year bills
(see Table 4, footnote 81).
From January 13 through January 17, 1964, owners of securities
maturing August 15, 1964 (3-3/4? notes and 5? notes), November 15, 1964
(3-3/4? notes and 4-7/8? notes), February 15, 1965 (2-5/8? bonds), and
May 15, 1965 (4-5/8? notes ) were granted the option of exchanging
their holdings subject to allotment if subscriptions exceeded the offering limits of $4 billion for the 4? bonds and $750 million for the
-
(Continued
4-1/4% bonds. Subscriptions to the 4-1/4? bonds exceeded the limitaFor allotment details see Table 4, footnote 83.
tion.
Preliminary.
te:
Information on retirement of tax anticipation issues referred to
in footnote 4, in millions of dollars:
4ciy
1964
61
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (Nonmarketable)
Issued to Official Inptltutlons of Foreign Countries
Treasury Bulletii]
62
PUBLIC DEBT OPERATIONS
May 1964
Treasury Bulleti^
64
PUBLIC DEBT OPERATIONS
Table 9.- Foreign Currency Series Securities (Nonmarke table)
Issued to Official Institutions of Foreign Countries
Month of
activity
Security
Payable
in
Maturity
date
Issue
date
—
Amount
(Dollar equivalent)
Interest
rate
Issued
(Percent)
Certificates of indebtedness
1961-Oct.
Swiss francs
Certificates of indebtedness
1962- Jan.
1/26/62
1/4/62
3/9/62
Feb.
Certificates of indebtedness
Certificates of indebtedness
Swiss francs
Italian lire
Certificates of indebtedness
Italian lire
Apr..
lA/62
Swiss francs
Italian lire
Mar.
July.
Certificates of indebtedness
(
4/4/62
6/8/62
1.25
2.75
50
1/26/62
4/26/62
4/26/62
7/26/62
2.70
2.75
25
.
3/9/62
6/8/62
6/8/62
9/7/62
2.75
2.70
50
,
4/26/62
7/26/62
7/26/62
10/26/62
2.75
2.90
25
75
.
Italian lire
Italian lire
8/7/62
11/7/62
2.85
6/8/62
9/7/62
9/7/62
12/7/62
2.70
2.85
Oct..
Bonds
Certificates of indebtedness
Certificates of indebtedness
Certificates of indebtedness
Bonds
Swiss francs
Swiss francs
Swiss francs
Italian lire
Italian lire
10/18/62
10/22/62
10/22/62
7/26/62
10/26/62
1/20/64
4/1/63
7/1/63
10/26/62
1/27/64
2.75
2.00
2.00
2.90
3. CO
25
Certificates of indebtedness
Bonds
Bonds
^Bonds
Italian lire
Italian lire
Swiss francs
Italian lire
8/7/62
11/7/62
11/8/62
11/30/62
11/7/62
2/7/6i
3/9/64
2/28/64
2.85
3.00
2.75
3.00
75
28
50
{Certificates of indebtedness
Italian lire
Italian lire
9/7/62
12/7/62
12/7/62
3/9/64
2.85
3.00
50
Swiss francs
German marks
German marks
1/24/63
1/24/63
1/24/63
5/25/64
4/24/64
7/24/64
2.82
3.13
3.18
30
50
50
r
2/l4/'&3
[
2/li/63
11/16/64
2/15/65
3.09
3.14
50
50
10/26/62
3/29/63
1/27/64
3/29/65
3.00
3.27
25
10/22/62
4/1/63
4/4/63
4/1/63
7/1/64
9/4/64
2.00
2.82
2.83
22
23
Feb.
Mar.
Bonds
Bonds
Bonds
German marks
Italian lire
I
[
{Certificates of indebtedness
75
}
25
Italian lire
75
}
50
Italian lire
1963-Jan.
}
25
Certificates of indebtedness
Bonds
48
48
Certificates of indebtedness
Dec.
46
23
.
Nov.
In millions of dollars)
46
1.25
Sept.
Aug.
Total outstanding
end of month
46
23
25
'
Certificates of indebtedness
1.25
1.25
2.70
,
June.
months from
date of issue
3 months from
date of Issue
4/4/62
4/26/62
3
Swiss francs
Retired
}
75
75
150
150
50
23
22
26
221
25
75
299
50
299
429
}
529
25
529
Bonds
Bonds
Bonds
Swiss francs
Swiss francs
Swiss francs
Austrian
schillings
4/26/63
10/26/64
3.23
25
Bonds
Swiss francs
Belgian francs
Belgian francs
5/16/63
5/16/63
5/20/23
11/16/64
5/16/65
5/20/65
2.82
3.26
3.22
23
20
10
Bonds
Italian lire
11/7/62
6/28/63
2/7/64
6/28/65
3.00
3.30
75
July.
Certificates of indebtedness
Bonds
Bonds
Swiss francs
Swiss francs
German marks
10/2?/62
7/1/63
7/11/63
7/1/63
1/1/65
7/11/65
2.00
2.89
3.55
25
25
Aug..
Bonds
GermEin marks
8/28/63
8/23/65
3.66
50
11730/62
9/30/63
2/28/64
9/30/65
3.00
3.69
50
3.54
30
735
760
Apr.
May.
Bonds
Italian lire
Swiss francs
10/31/63
10/30/64
Bonds
Austrian
schillings
12/11/63
6/11/65
3.83
25
/ 10/18/62
1/20/64
4/20/65
2.75
3.61
23
3/9/64
3/9/64
7/9/65
2.75
3.71
28
12/7/62
3/9/64
3.00
!_
Swiss francs
f 11/8/62
I
Mar..
Italian lire
1/20/64
655
705
50
Certificates of indebtedness
Swiss francs
630
26
Oct..,
1964- Jan.
630
75
Sept.
Dec,
577
23
705
760
710
{Continued on following page)
50
i
May 1964
65
PUBLIC DEBT OPERATIONS
Table 9.- Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
Treasury Bulletin
66
.UNITED STATES SAVIHGS BONDS.
Series E and H are the only savings bonds currently
Series E has been on sale since May 1, 19'+1,
being sold.
30,
1952. Series J and K were sold from May 1, 1952 through
April 30, 1957. Details of the principal changes In Issues,
Series
Interest yields, maturities, and other terms appear In the
A-D were sold from March 1, 1935. through April 30, 194l.
Series F and G were sold from May 1, 19't-l, through April
Treasury Bulletins of April 1951, May 1952, May 1957, Octo-
and Series H has been on sale since June 1, 1952.
ber and December 1959, and May and October 1961.
Table 1.- Sales and Redemptions by Series, Cumulative through April 30, 1964
(In millions of dollars)
Mai}
1964
67
.UHITED STATES SAVIHGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Redemptions jj
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Series E and H combined
Fiscal years
19i1-1956
1957
1958
1959
I960
:
8/.,i63
4,613
4,670
4,506
4,307
4,464
I96I
1962
1963
4,421
10,298
1,133
1,161
1,174
1,194
1,254
4,518
1,331
1,386
86,763
4,507
4,689
4,320
4,350
4,539
4,278
4,760
10,863
1,143
1,178
1,169
1,224
1,293
1,372
1,404
Months
1963-July
Augus t .
September
413
399
347
135
112
114
October.
November
December.
395
333
356
109
110
135
964- January
February.
471
142
115
Calendar years :
1941-1956
1957
195s
1959
I960
1961
1962
1963
94,761
:
.
1
.
March.
. .
413
400
April .
. .
378
115
31 ,683
937
268
83
65
54
Fiscal years
1941-1956
1957
1958
1959
I960
:
46
32
27
22
1961
1962
1963
Calendar years
1941-1956
1957
1958
1959
I960
:
31,853
98
1962
1963
Months :
1963-July
August. .
September
October.
November
December
964- January
February.
March.
.
.
April .
930
74
58
52
38
29
25
1961
1
121
.
.
.
494
Sales
price
2/
Amount outstanding
Accrued
discount 2/
Interest-bearing
debt
Matured
non interestbearing debt
Treasury Bulletin
68
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
-
fContlnued)
(In millions of dollars)
Redemptions 1/
Period
Fiscal years
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price 2/
Accrued
discount 2/
Exchanges of
E bonds for
H bonds
Amount
outstanding
( interestbearing debt)
:
91,536
3,9U
10,298
1,133
1,161
1,174
1,194
1,254
1,331
1,386
83,176
3,875
3,802
3,598
3,632
3,711
3,624
4,185
10,863
1,143
1,178
1,169
1,224
1,293
1,372
1,404
94,038
.
360
358
308
October.
November.
December.
196A- January,
February,
81,238
3,919
3,889
3,688
3,603
3,689
3,674
1941-1956.
1957
1958
1959
1960
1961
1962
1963
53,638
4,981
4,951
4,889
5,181
4,394
4,343
4,203
49,844
4,248
4,196
4,092
4,295
3,673
3,613
5,018
4,979
4,767
4,856
5,003
4,996
5,589
55,951
5,220
4,658
5,225
4,729
4,249
4j349
4,229
51,829
4,437
3,931
4,342
3,935
3,546
3,595
3,495
4,122
783
727
135
112
114
495
469
421
373
337
352
348
297
317
109
110
135
457
407
452
405
547
,,
369
356
142
115
121
,.
338
115
201
188
219
191
37,898
37,969
38,067
38,040
37,456
37,817
33,260
39,166
794
703
754
733
278
212
199
208
33,087
37,835
38,206
37,743
37,597
38,140
38,587
39,740
311
279
291
67
58
60
21
17
16
39,262
39,378
39,431
352
283
329
293
237
276
59
46
53
17
13
14
39,519
39,630
39,740
484
477
461
366
398
371
300
330
66
68
24
18
19
39,801
39,902
39,961
453
387
323
64
16
40,011
5,052
5,049
4,862
4,797
4,943
5,005
5,300
3,461
3,794
732
755
797
886
721
731
742
Calendar years;
19a-1956
1957
1958
1959
1960
1961
1962
1963
,
,
Months
1963-July
August.
September,
883
;
.
.
March,
.
April.,
Series H
Fiscal years
1952-1956
1957
;
3,225
694
782
818
704
775
747
604
,22;
694
782
318
194
196
236
217
704
775
747
604
322
233
260
298
3,587
1961
1962
3,587
631
887
722
718
828
654
19^-3
575
575
277
248
198
294
267
235
287
328
277
248
198
294
267
235
287
328
53
53
41
28
28
41
27
39
39
27
35
47
36
47
30
29
30
30
29
30
28
1958
1959
1960
1961
1962
1963
Calendar year.q
Months ;
1963-July
August.
September
.
October.
November.
December,
1964-JanuBry,
February.
March. .
.
,
2<J8
;
1952-1956
1957
1958
1959
1960
April
194
196
236
217
322
233
260
, .
631
837
722
718
828
654
39
36
39
35
66
66
44
44
44
44
28
27
40
27
40
40
40
34
34
-
Mail
1964
69
.UNITED STATES SAVINGS BONDS.
Table 4.- hedemptlons of Matured and Unmatured Savings Bonds
(In millions of dollars)
Period
Total 1/
Total
Fiscal years
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
Series E
and H
;
,137
,109
,621
,515
,251
,846
,958
,249
,557
,819
,716
,273
817
792
1,761
2,747
3,941
4,263
4,115
3,730
3,621
4,126
2,673
2,593
2,250
38
702
1,128
1,437
1,826
1,917
1,971
1,906
1,996
2,304
1,733
1,668
1,593
651
,074
,149
,985
,301
,264
,630
,255
,772
,732
,595
,602
,021
772
1,015
2,313
3,171
4,230
4,246
4,156
3,393
4,701
3,033
2,555
2,387
2,043
254
968
1,328
1,500
2,047
1,891
2,084
1,691
2,433
1,944
1,633
1,656
1,617
4U
September
394
4:9
145
175
145
120
154
123
October,
November.
December.
420
341
391
171
142
133
147
120
110
1964- January .
February.
March. . .
534
427
476
150
100
253
133
63
227
451
203
177
,5U
Calendar years:
1951
1952
1953
195i
1955
1956
1957
1958
1959
1960
1961
1962
1963
Months;
1963- July
August.
April
. .
,
.
779
Treasury Bulletin
70
.
UNITED STATES SAVINGS BONDS
\
Table 5.- Sales and Redemptlone by Denoml nations, Series E and Hi/ Combined
(In tnousands of pieces)
Total all
denominations
Period
$10 2/
$25
$100
$50
$10,000 4/
$200 1/
$500
26,230
1,608
1,320
1,304
1,212
1,165
1,201
1,186
1,233
27,519
1,854
1,396
1,413
1,340
1,230
1,299
1,237
1,270
106
48
27,012
1,500
1,257
1,302
23,393
1,683
1,305
1,454
1,243
1,238
1,346
1,127
1,357
129
40
25
38
30
27
34
27
24
17
10
18
13
12
17
15
17
381
181
$1,000
$5,000
y
Sales 6/
Fiscal years;
1941-55
1956
1957
1958
1959
I960
1961
,
19f-.2
,
1963
Calendar years
1941-55
1956
1957
1958
1959
I960
1961
1962
1963
1,696,608
90,053
90,160
89,431
85,882
85,607
86,495
86,479
89,627
21,076
1,740,071
90,786
90,856
86,676
84,945
86,659
85,757
87,094
94,123
21,076
1,155,275
56,719
56,327
54,908
52,895
52,972
53,453
53,010
54,629
267,768
18,784
20,256
21,043
20,108
20,220
20,434
20,901
21,903
189,789
10,090
9,96^
9,824
9,477
9,208
9,273
9,286
9,623
8,798
929
1,182,875
56,635
276,605
19,825
21,166
20,152
20,050
20,347
20,447
21,329
22,828
194,673
10,177
9,846
9,690
9,241
9,184
9,322
9,196
10,162
9,251
908
887
851
893
798
774
789
813
928
29
33
35
27
31
30
25
48
21
12
U
16
11
15
16
16
:
56,361
53,200
52,452
53,910
52,528
53,503
57,391
823
775
768
816
799
1,019
1,U1
1,173
1,247
1,098
1,325
57
Months;
1963-July
August.
September
7,852
8,179
7,029
4,691
5,110
4,245
1,945
1,902
1,761
878
849
773
October,
November,
December,
8,593
7,162
7,808
5,356
4,421
4,346
2,075
1,733
1,915
882
763
806
80
71
100
87
74
85
1964-January.
February,
March p..
9,095
8,042
8,506
5,631
4,886
5,167
2,131
1,943
2,115
965
885
932
93
86
91
129
116
100
141
124
1,634,540
448,939
274,273
3U
37,401
39,506
12,605
1,255
1,354
1,320
1,301
1,351
1,076
1,077
1,005
11,839
1,281
1,485
1,464
1,451
1,567
1,139
1,126
1,023
13,212
1,267
1,408
1,250
1,368
1,201
1,045
1,070
1,008
12,440
1,337
1,578
1,365
1,575
1,334
1,098
1,108
1,037
91
79
86
93
.
Inception to date p
2,472,610
21,076
86
71
16,
120
115
89
125
115
88
97
83
79
98
Redemptions 6/
Fiscal years;
1941-55
1956
1957
1958
1959
1960
1961
1962
1963
1,229,060
89,953
93,175
93,452
88,647
90,748
85,077
83,804
83,469
18,181
429
Calendar years;
1941-55
1956
1957
1958
1959
1960
1961
1962
1963
1,273,838
90,109
96,384
88,902
90,083
87,819
82,762
84,285
84,965
18,403
892,320
60,014
60,612
59,880
56,036
56,796
54,280
52,958
53,018
182,015
16,503
18,165
19,467
18,598
19,507
18,654
13,746
19,022
109,032
9,925
10,590
10,433
10,394
13,634
9,197
9,150
8,715
3,061
922,449
59,520
61,695
57,080
56,389
55,552
52,626
113,905
9,986
10,961
10,075
10,&56
9,848
8,937
9,129
3,771
3,303
53,231
54,055
190,112
17,036
19,777
13,296
19,150
19,089
13,346
19,006
19,402
7,494
6,897
7,133
4,747
4,422
4,502
1,714
1,559
1,661
786
700
736
56
7,226
5,946
7,067
4,587
3,819
4,604
1,667
1,349
1,584
746
51
85
84
591
675
43
46
70
74
69
8,173
7,250
7,965
5,060
4,591
5,015
1,876
1,683
1,850
923
69
125
89
103
1,387,260
345,621
23,191
321
231
177
144
101
78
62
371
280
197
161
122
87
71
58
537
633
639
675
725
616
653
601
581
666
627
722
657
609
653
615
5
9
11
9
15
10
10
12
6
7
12
9
14
12
9
12
13
Months;
1963-July
August
September,
October
November.
December.
.
. ,
.
.
1964- January
February p.
March p
Inception to date p.
Note;
1/
2/
2/
2,002,534
19,764
These figures are estimates by the Office of Debt Analysis in the
Office of the Secretary and are based on the daily Treasxiry statement
and reports from Federal Reserve Banks and the Bureau of the Public Debt,
Sales of Series H bonds began on June 1, 1952; the denominations
authorized were $500, $1,000, $5,000, and $10,000.
Sales were authorized in June 1944, to Armed Forces only, and discontinued after March 31, 1950,
Sales began in October 1945.
7U
51
834
59
112
86
97
194,807
8,618
23,125
4/
^
6/
•
50
52
81
87
78
97
51
Sales of $10,000 denomination Series E bonds were authorized on
May 1, 1952.
Includes sales and redemptions of $100,000 denomination Series E bonds
which are purchasable only by trustees of employees' savings plans
beginning April 1954, and also personal trust accounts beginning
January 1955,
See Table 4, footnote 1,
Preliminary,
Less than 500 pieces.
p
May 1964
71
OWNERSHIP OF FEDERAX SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(
In millions of dollars)
Interest-bearing secnirities issued
by the U.S. Government
Total
Federal
securities outstanding
End of
fiscal
year or
month
Held by U. S. Government
investment accounts 2/
Total
outstanding
1/
268,486
274,698
Total
Public
issues
Special
issues
Held by
Federal
Reserve
Banks public
3,898
4,011
3,972
704
717
741
188
137
184
517
530
557
3,984
4,122
4,134
51,753
51,801
51,736
755
737
817
189
192
192
566
595
625
4,085
4,231
4,186
51,806
801
171
630
4,216
162,553
50,424
517
211,550
211,408
211,971
160,102
159,903
160,505
51,448
51,505
51,466
645
673
692
43,283
43,553
43,658
32,758
33,667
33,593
212,662
212,864
213,825
161,095
161,129
162,089
51,567
51,734
51,735
U,229
41,917
42,883
43,221
32,753
33,169
33,770
215,384
215,695
214,185
163,631
163,893
162,449
13,930
42,004
33,169
214,282
162,476
43,724
45,519
44,650
57,038
57,562
57,796
13,755
14,009
14,137
304,499
306,132
305,405
56,361
57,269
57,450
14,444
14,385
303,385
55,934
December.
307,147
308,933
310,089
302,458
304,093
305,213
196A-January,
February,
March. . .
309,339
311,150
310,408
April
308,402
Daily Treasury statement for total amounts outstanding; reports
from agencies and trust funds for securities held by U. S. Government
investment accounts; and reports from Federal Reserve System for
securities held by Federal Reserve Banks.
Includes certain obligations not subject to statutory limitation. For
amounts subject to limitation, see page 1.
Includes accounts under the control of certain U, S, Government agencies
whose investments are handled outside the Treasury.
Source:
2/
1/
V
2/
4,262
464
433
502
212,977
32,468
32,391
32,563
43,426
13,196
13,207
13,480
56,921
58,726
53,130
.
357
IBl
190
191
30,820
11,987
55,412
300,938
302,525
302,664
1963- July
August, .
September
160
87
167
165
305,482
307,209
307,328
303,988
U2
3,300
3,759
3,907
240
444
605
301,954
1962-December.
294,
153
277
440
51,025
51,065
51,360
299,209
285,672
46
151,392
157,418
160,361
27,253
29,663
32,027
10,959
11,357
13,405
289,211
298,645
306,466
47
60
56
54
63
202,417
208,483
211,721
45,043
44,939
44,801
56,002
56,296
53,206
1961
1962
1963
283,241
2,042
1,646
2,873
3,090
50
149,546
26, 523
2tfl,833
2/
106
101
110
139
23,035
25,438
26,044
284,817
236,471
Public
nonmarketable
issues
62,770
58,825
56,252
51,913
46,827
46,246
44,756
44,899
October.
November
Total
127,179
134,593
8,674
9,596
9,799
10,360
270,634
UA
^
Public
marketable
issues
189,949
193,418
201,235
201,459
55,501
55,842
54, 554
55,259
1957
1958
1959
19to
276,
Held by private
investors
Interest-bearing securities guaranteed by the U.S. Government 4/ Matured
debt
and
Held by
debt
Held by
U. S.
Total
bearing
Government private
outinvestment investors no
standing
interest
accounts
1U,983
79
The total amount of interest-bearing securities held by private investors is calculated by deducting from the total amount outstanding the
amount held by U. S. Government investment accounts and Federal
Reserve Banks.
Consists of guaranteed securities held outside the Treasury. All are
public marketable issues.
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts Handled by the Treasury i/
(In millions of dollars; negative figures are net sales)
Jan.
1940..
1941..
1942.
1943..
1944..
1945..
1946..
1947..
-9.5
-2.8
-.5
-14.5
-9.9
-67,5
-8.1
Feb.
-20.9
12.0
30.0
-90.3
-105.1
-48.1
-.7
Mar.
-5.7
5.8
-72.9
-11.5
-5.9
-4.7
.1
Apr.
-1.6
-.7
»
.3
-145,8
20.5
-56.4
-69.8
-359.2
-16.5
-55.6
3.3
-61.3
-12.1
1.5
1.1
8,4
19.9
36.2
-2.9
29.9
106.8
1956.
1957.
1958.
1959.
1960.
1961.
1962.
-1.3
14.3
-123,4
14.1
17.5
-5.6
76.9
-9.8
72.6
-155.9
23.0
16.5
-21.3
47.1
10.7
13.4
10.6
62.2
43.1
56.1
18.9
46.7
35.4
-2.1
44.0
16.4
19.5
18.2
1963.
1964,
80.7
148.7
142.1
101.1
2^3.5
111.3
32.3
44.6
1/
12.9
-22.4
lrt.9
.4
-35.2
-10.0
-34.4
177.4
-1.8
13.5
261.2
6.7
8.8
-4.0
77.2
.5
.9
.4
-.2
3.8
-6.6
36.8
22.1
24.6
7.0
23.0
5.1
.4
-.2
.3
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
6.3
482.7
June
May
.4
-338.6
-30.4
-54.7
-1.9
11.4
1.1
-88.4
July
Sept.
Aug.
-.3
»
-2.3
-67.3
-18.5
-17.0
-157.8
-609.1
-8.4
-15.8
-19.0
-.2
-41.2
-308.1
-4.5
-2.7
-23.1
-12.5
-74.1
-123.1
5.4
-.1
8.2
4.4
7.2
4.6
3.8
-2.0
4.7
1.9
Deo.
Oct.
-4.4
-.2
-.3
-1.1
60.0
-5.0
-5.9
4.8
-12.0
-57.6
221.0
-20.3
696.4
1.0
.3
-123.0
-14.1
.1
-1.7
5.8
11.5
10.7
-3.6
11.7
-1.1
14.2
7.9
.4
-45.5
22.5
1.4
7.9
-21.7
74.8
5.0
2.8
3.5
38.4
-17.2
20.3
-10.0
11.3
8.4
16.5
17.0
21.1
-30.7
393.8
15.8
177,2
9.9
-14.5
15.4
-8.7
49.2
132.4
445.5
32.2
35.5
25,6
61,9
9.4
26.4
19,1
18.3
44.4
17.3
-304.4
8.4
10.3
10.6
28.3
3.4
25.1
325.5
56.2
26.6
17.3
41.1
25.5
36.3
-23.3
83,9
-67
313.4
-86.3
53.1
21.8
24.2
39.9
656.2
73.9
-59.0
33.5
373.1
345.7
436.7
2.9
35.9
2.8
56.2
5.7
issued
Consists of purchases or sales made by the Treasury of securities
which by law
or guaranteed by the U. S. Government for (1) trust funds
the
are under the control of the Secretary of the Treasury or of
of
Treasurer of the United States, and (2) accounts under the control
through
certain U. S. Government agencies whose investments are handled
It will be noted that these
the facilities of the Treasury Department.
5.1
3.5
1.5
20.1
.2
55.
71,
105.
57.
-25.
-.2
-.1
7.0
29.0
8.2
.6
41.0
234.8
21.3
33.3
43.7
113,1
39.7
27.8
19.5
3?.
because they
transactions differ from those reflected in Table 1
which investments
exclude those Government investment accounts for
includes Purchases
are not handled by the Treasury, Table 2 also
as amended (31 U,S.C,
under Section 19 of the Second Liberty Bond Act,
Stabilization Fund.
75ia), and excludes the Exchange
Less than $50,000.
Treasury Bulletin \\i
72
.OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par values 1/ in billions of dollars)
Held by private nonbank investors
Held by banks
Total
Federal
securities
outstanding 2/
End of
month
U.
Commercial
banks
y
Federal
Reserve
Banks
S.
Government investment
accounts
^
Individuals
Savings bonds
Total
Total
Series
E and H
Other
series
V
other Insurance
secu- companies
rities
Mutual
savings
banks
State
and
local
tions 6/
governments
Corpora-
Foreign
and international
2/
1939-Dec
47.6
15.9
2.5
6.5
22.7
10.1
1.9
8.2
6.3
3.1
2.2
.4
19iO-June....
Dec
4«.5
2.5
2.2
7.1
7.6
22.8
23.9
10.1
10.6
2.6
2.8
7.5
7.8
6.5
6.9
3.1
3.2
2.1
2.0
.4
50.9
16.1
17.3
19a-June.
55.3
64.3
19.7
21.4
2.2
2.3
8.5
9.5
25.0
31.0
11.2
13.6
.2
3.4
4.2
7.6
8.2
7.1
8.2
3.4
3.7
2.0
4.0
.6
.7
.2
1.1
77.0
112.5
26.0
41.1
2,6
6.2
10.6
12.2
37.7
53.0
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
.9
1.0
.4
.8
140.8
170.1
52.2
59.9
7.2
11.5
14.3
16.9
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
1.5
2.1
1.3
1.5
1944- June
Dec
202.6
232.1
68.4
77.7
14.9
18.8
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
3.2
4.3
1.4
1.7
1945- June
Dec
259.1
278.7
84.2
90.8
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
2.0
2.4
1946-Feb. 2/.
June
279.8
269.9
259.5
93.8
84.4
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
2.4
2.2
2.1
258.4
257.0
70.0
68.7
21,9
22.6
32.8
34.4
133.7
131.3
66.6
65.7
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
3.4
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
38.3
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
18.4
19.7
8.7
8.8
4.3
255.3
259.5
58.4
61.6
23.0
23.8
41.0
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
4.2
4.3
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
4.7
5.3
1953-June
Dec
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
5.7
5.9
1954-June..
Dec...
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
16.6
19.2
13.9
14.4
6.0
6.3
1955-June..
274.4
2fi0.8
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
16.1
16.3
7.9
7.8
270.6
275.0
56.2
59.5
23.0
24.2
55.6
55.2
135.9
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
61.5
60.3
26.0
26.6
54.6
53.7
142.6
150.3
65.3
68.0
42.6
42.4
4.5
3.5
18.3
22.1
12.6
12.5
7.3
6.9
20.8
22.8
16.9
18.0
10.1
12.0
Dec...
286.5
290.4
55.3
62.1
26.5
27.4
55.3
55.1
149.3
145.8
68.0
64.7
42.5
42.9
3.1
2.7
22.4
19.1
12.0
11.9
6.6
6.3
21.2
20.1
18.8
18.7
12.3
13.0
1961-June...
Dec
289.2
296.5
62.5
67.2
27.3
28.9
56.1
54.5
143.3
145.9
63.1
65.0
43.6
2.5
2.2
17.1
18.5
11.4
11.4
6.3
6.1
20.0
19.7
19.3
18.7
12.7
13.4
1962- June...
298.6
304.0
65.2
67.2
29.7
30.8
56.5
55.6
147.3
150.4
64.7
65.2
U.6
45.1
2.0
1.8
13.1
18.3
11.3
11.5
6.3
6.1
19.6
20.1
19.7
19.5
14.1
15.3
66.7
65.8
64.7
65.1
63.9
64.4
63.3
61.7
63.0
63.1
62.7
64.1
30.3
30.6
31.0
31.2
31.3
32.0
32.5
Aug
Sept...
Oct
Nov
Dec
303.9
305.2
303.5
303.7
305.8
306.5
305.5
307.2
307.3
307.1
308.9
310.1
32.4
32.6
32.8
33.7
33.6
54.5
55.1
55.1
54.3
57.1
58.4
57.1
58.9
58.3
57.2
57.7
58.0
152.4
153.7
152.8
153.2
153.6
151.7
152.7
154.2
153.5
154.1
154.8
154.4
65.6
65.8
66.3
65.8
65.4
65.5
66.0
66.1
66.5
66.6
66.8
1.7
1.7
1.6
1.6
1.6
1.5
1.5
1.5
1.4
1.4
1.4
1.4
18.6
18.7
19.1
18.4
18.0
18.1
18.4
18.4
18.7
18.8
18.9
18.8
11.5
11.4
11.2
11.1
11.0
10.8
10.9
10.9
11.0
11.0
11.0
11.0
6.1
6.1
6.3
6.1
6.1
6.1
6.1
6.1
6.0
5.8
5.8
5.8
21
21
20
21
22
20
20
21
19
66.
45.3
45.5
45.6
45.7
45.8
46.0
46.1
46.2
46.1
46.4
46.6
46.7
20.4
21.6
20.7
19.9
19.9
20.1
20.5
20.5
20.7
20.9
21.2
20.9
20.7
20.3
20.8
15.3
15.2
15.4
15.6
15.9
15.8
15.6
15.9
16.0
15.9
16.0
15.9
1964- Jan
Feb
Mar. p.
309.3
311.1
310.4
62.6
61.9
61.2
32.8
33.2
33.8
56.5
57.5
57.6
157.4
158.6
157.8
67.3
67.6
67.9
46.8
46.9
47.0
1.3
1.3
1.3
19.2
19.4
19.7
11.1
11.0
10.9
5.9
6.0
6.1
22.0
23.0
22.0
21.0
21.4
21.9
15.9
15.9
15.4
Dec.
1942- June.
Dec.
1943- June.
Dec.
Dec.
1947- June.
Dec.
1948- June.
Dec.
1949- June.
Dec.
19 50- June.
Dec.
1951-June.
Dec.
1952-June
Dec
Dec
.
1956- June..
Dec..
1957- June...
Dec...
1958-June...
Dec...
1959- June...
Dec...
1960- June.
.
Dec
1963- Jan
Feb
Mar
Apr. ..
May. ..
June.
July
.
.
.
.
42.
U.2
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
4/
^
^
2/
8/
2/
.5
.2
.2
.4
3.5
Includes partnerhips 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.
Preliminary.
Immediate postwar debt peak.
p
May 1964
73
.TREASURY
SUWEY OF OWNERSHIP, MARCH
The monthly Treasury Survey of Ovmershlp covers securities Issued by the United States Government and by FedThe banks and Insurance companies Included
eral agencies.
corporations and savings and loan associations In the September i960 Bulletin, and for State and local governments
In the February 1962 Bulletin.
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 asso-
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!+ Bulletin.
ciations Is 50 percent, and for State and local governments,
70 percent.
Data were first published for banks and In19'*-1 Treasury Bulletin, for
surance companies In the May
Section
-
I
31, 196^
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstanding 1/
Classification
Interest-bearing securities:
Public marketable
Public nonmarketable 7/.,.
Special issues
Total interest-bearing
securities.
Matured debt and debt bearing
no interest 9/
Total securities issued or guaranteed by U. S. Government 10/.
State and local
governments
Insurance companies
6,0i8
commer-
50^
banks
savings
banks
2/y
2/
cial
209,040
53,961
43,221
52,425
5,922
265 8/
132
306,222
52,691
483
469
savings
corpoand loan
rations
associations
298
life
488 fire,
casualty,
and
marine
4,857
4,405
3,444
381
77
79
imitual
10,5
^
S. Government investpension ment accounts
and re- and Federal
tirement Reserve Banks
funds
U.
191
315
general
funds
9,636
162
5,585
227
45,966
2,225
6,054
5,239
4,481
3,523
10 596
,
9,798
5,812
4,186
310,408
Table 2.- Summary of Interest-Bearing Public Marketable Securities
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstanding
By type of security:
Issued by U. S. Government:
Treasury bills
Certificates of indebtedness.
Treasury notes
Treasury bonds
Guaranteed by U. S. Government 10/
Total.
52,548
4,198
64,478
86,998
817
209,040
By maturity distribution;
Call classes tdue or first
becoming callable):
Within
1
year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over
Guaranteed securities 10/
Total.
Maturity classes ( final
maturity)
Within 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over
Guaranteed securities 10/.
Total
94,904
67,551
21,04^
5,050
4,524
15,145
817
209,040
84,044
63,413
36,047
2,244
6,112
16,363
817
209,040
Memorandum:
Held by
16,513
corporate
pension
trust funds
6/
66,210
50,406
2,240
143
116,616
2,333
'.3,221
Footnotes at end of Table 4.
Classification
Held by
all
other
investors ^/
6,048
Treasury Bulletin
74
.TBEASURY SDTOEY OF CWNERSHIP, M/VRCH 31,
196'!^
Section I - Securities Issued or Guaranteed by the United State? Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values - millions of dollars)
Held by investors covered in Treasury Survey
Insurance coiiipanies
Issue
Total
amount
outstanding
6,048
commercial
banks
50^
nmtual
savings
banks
298
life
2/y
Treasury bills:
Regular weekly:
Apr.
1964 - June 1964.
July 1964 - Sept. 1964
Tax anticipation:
June 1964
One-year:
Apr.
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
1964
1964
1964
1964
1964
1964
1964
1965
1965
Total Treasury bills
Certificates of indebtedness:
3-1/4? May
1964-B
Treasury notes:
3-3/4? May
May
4-3/4
Aug.
5
Aug.
3-3/4
4-7/8
Nov.
Nov.
3-3/4
May
4-5/8
3-7/8
May
3-7/3
Aug.
3-1/2
Nov.
Feb.
3-5/8
Aug.
4
Feb.
3-5/8
3-3/4
Aug.
1-1/2
Apr.
1-1/2
Oct.
1-1/2
Apr.
1-1/2
Oct.
1-1/2
Apr.
1-1/2
Oct.
1-1/2
Apr.
1-1/2
Oct.
1-1/2
Apr.
1-1/2
Oct.
1964-D
1964-A
1964-B
1964-E
1964-C
1964-F
1965-A
1965-C
1965-D
1965-B
1966-B
1966-A
1967-B
1967-A
1964-EA
1964-EO
1965-EA
1965-EO
1966-EA
1966-EO
1967- EA
1967-EO
1968-EA
1968-EO
Total Treasury notes
207
27,331
11,208
3,621
1,609
2,501
187
2,501
1,998
1,001
1,002
1,000
1,005
1,000
1,000
1,001
4M
21
286
173
148
172
343
264
168
612
18
6
28
28
4
16
5
12
12
52,548
7,984
427
167
4,198
269
2,016
4,400
2,045
4,085
3,868
5,963
1,816
7,977
6,202
2,954
5,653
5,820
3,475
4,433
457
490
466
328
342
278
1,232
528
747
541
1,924
1,082
1,630
3,078
2,527
1,911
2,575
315
675
357
270
457
212
74_
89
82
9
488 fire,
casualty,
and
marine
94
16
195
13
14
2
10
6
23
1
20
7
7
8
4
25
4
315
State and local
government
i83
savings 469
and loan corpo315
associa- rations general
funds
tions
138
65
2,537
1,426
2,744
667
1,186
71
171
256
122
8
244
140
72
95
112
46
90
169
176
300
6,290
4,486
32
114
10
11
8
65
88
65
46
14
14
30
9
12
12
13
9
9
12
14
13
14
64
79
11
6
21
1
46
107
15
112
126
6
47
33
27
91
tt
160
45
90
4
2
77
28
53
6
27
39
3
62
100
45
108
12
206
237
83
23
lU
143
127
90
112
93
21
20
2
169
48
102
70
187
287
4
2
8
3
1
4
4
94
203
152
337
238
143
243
81
59
43
65
20,840
1,460
1,814
2,629
2,540
3,975
2,417
1,406
2,862
1,024
1,851
1,305
1,952
3,604
2,749
2,460
3,747
1,591
1,844
2,537
4,129
2,806
2,760
620
629
872
742
1,625
424
209
1,395
648
811
173
923
1,197
242
726
2,089
800
849
580
1,638
1,088
983
965
715
1,294
336
67
992
23
^
^
153
19
31
2
3,190
1,438
14,453
5,366
124
903
163
70
74
1,454
1,182
87
52
84
67
118
72
27
213
80
34
35
103
83
153
82
82
32
431
437
472
124
5,575
26,796
3,287
471
57
208
2
27
15
2
37
5
18
529
568
377
281
2,850
136
1,740
2,310
4,155
276
4,057
4,014
63
690
944
1,370
896
695
735
673
1,265
176
227
172
294
114
11
3
540
1
29
«
1,685
174
71
12
2
319
1,235
1,095
1,079
1,126
15
139
89
68
«
1
1
552
309
14
lC-,6
11
20
11
8
103
130
67
48
71
5
128
44
70
22
81
24
21
10
38_
64,478
41
106
1
Held by
U. S. Govern- all
191
ment invest- other
pension ment accounts investors
and re- and Federal
tirement Reserve Banks
funds
87
38
175
1,184
501
2,638
1,633
125
22,615
13,777
39
7
19
47
62
133
23
29
9
43
75
74
103
146
161
98
177
165
49
98
18
204
247
520
553
534
388
423
Treasiiry bonds;
2-1/2?
2-1/2
2-1/2
2-1/2
2-5/8
2-1/2
2-1/2
3-3/4
3
3-3/8
2-1/2
2-1/2
3-5/8
2-1/2
3-7/8
3-3/4
3-7/8
4
4
4
4
3-7/8
4
4
4
3-7/8
4-1/4
3-1/4
June
Deo.
June
Dec.
Feb.
Mar.
Mar.
May
Aug.
Nov.
June
Sept .
Nov.
Dec.
May
Aug.
Nov.
Feb.
Oct.
Aug.
Aug.
Nov.
Feb.
Aug.
Aug.
Nov.
May
June
1962-67
1963-68
1964-69
1964-69
I965
1965-70
1966-71
1966
1966
1966
1967-72
1967-72
1967
1967-72
1968
1968
1968
1969
1969
1970
1971
1971
1972
1972
1973
1974
1975-85
1978-83
Footnotes at end of Table 4.
2,3U
2,579
3,894
2,244
1,218
1,588
29
224
187
14
121
78
48
14
26
63
67
94
62
75
168
78
88
136
212
111
158
146
169
251
90
76
38
8
141
117
9
1
4
43
17
16
121
15
38
4
14
19
26
21
21
36
85
107
50
48
96
87
69
32
67
53
146
125
98
92
67
45
31
80
123
78
93
59
18
33
56
86
72
67
12
65
38
8
41
23
10
7
3
30
50
18
16
67
125
5
55
39
20
22
66
110
72
51
148
45
67
73
119
87
25
31
38
6b
182
70
48
94
30
25
35
21
167
112
129
169
113
28
82
56
76
731
(Continued on following page)
42
35
14
12
87
33
8
2
15
7
8
10
8
7
8
50
1
51
22
132
184
72
40
51
17
54
51
66
107
46
79
141
114
53
231
96
40
5
10
8
43
43
16
50
57
41
161
125
298
425
794
388
317
45
215
129
577
602
769
565
389
872
2U
550
684
80
5U
817
224
430
415
1,054
1,635
948
690
489
36
220
367
313
519
316
208
475
369
671
315
189
541
1,184
1,589
812
856
683
810
1,210
668
257
508
Memorandum:
Held by
16,513
corporate
pension
trust funds
6/
May 1964
75
.TEEASUEY SURVEY OF CWNEESHIP, MARCH 31,
196-i
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)
Held by investors covered in Treasury Survey
Insurance companies
Total
amount
outstanding
6,048
conuner-
cial
banks
2/2/
Treasury
^%
3-1/2
3-1/4
4-1/4
bonds Feb.
Nov.
May
Aug.
4
Feb.
4-1/8
3-1/2
May
3
3-1/2
Feb.
Feb.
Nov.
(
Continued)
1980
1980
1985
1987-92...
1988-93...
1989-94. .
1990
1995
1998
Total Treasury bonds
Guaranteed securities 10/.
Total public marketable
securities
.
2,610
1,914
1,129
365
250
1,560
4,909
2,488
4,443
71
96
32
504
mutual
savings
banks
2/
91
153
38
7
9
32
488 fire,
298
life
180
397
160
115
26
85
casualty,
and
marine
56
47
25
1
1
122
45
404
123
967
81
539
1,074
26
79
25
29
86,998
23,262
4,325
4,412
2,881
817
70
172
103
13
209,040
52,425
5,922
4,857
4,405
150
488
savings 469
and loan corpoassocia- rations
tions
71
28
101
4
11
51
50
153
1
50
80
6
2
2,543
95~
3,444
1
76
May 1964
77
MARKET QUOTATIONS ON TREASURY SECURITIES, APRIL 30, 1964,
Current market
78
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, APRIL
30, 1964
Table 4.- Treasury Bonds
(Price decimals are 32nds)
Yield
Amount
outstanding
(millions)
$3,976
2,862
1,02A
1,851
3-3/8
1,460
3,604
2,460
3,747
1,591
2-1/2
3-5/8
3-7/8
3-3/4
3-7/8
6/15/62-67
11/15/67
5/15/68
8/15/68
11/15/68
96.05
98.12
99.01
98.13
98.28
1,814
1,344
2,628
2,537
2,540
2-1/2
4
2-1/2
4
2-1/2
12/15/63-68
2/15/69
6/15/64-69
10/1/69
12/15/64-69
93.30
99.15
92.31
99.16
2,417
4,129
1,405
2,306
2,760
2-1/2
4
2-1/2
4
3-7/8
3/15/65-70
8/15/70
3/15/66-71
8/15/71
11/15/71
2,344
1,305
2,579
1,952
2,745
3,894
4
2-1/2
4
2-1/2
2-1/2
4
2/15/72
6/15/67-72
8/15/72
9/15/67-72
12/15/67-72
3/15/73
2,210,
3-7/8
4
3-1/2
3-1/4
3-1/4
4-1/4
4,909
365
250
1,560
2,477
4,442
2/
y
2-5/8J
3-3/4
?/15/65
5/15/66
8/15/66
11/15/66
2,610
1,914
1,587
1,129
1,218
1/
Change
from
last
month
Description
3
3-1/2
4-1/4
4
4-1/3
3
3-1/2
y
y
V
y
y
y
2/15/90 y
8/15/87-92 y
2/15/88-93 y
5/15/89-94 y
2/15/95 y
11/15/98 y
11/15/74
2/15/80
11/15/80
6/15/78-83
5/15/85
5/15/75-85
99.095-
99.
98.03
98.
^2.11
91.31
99.01
90.26
98.24
97.24
Price range since first traded
Change
from
last
month
Issue
date
3.54$
4.04
3.88
4.03
-.17?
-.08
-.14
-.08
6/15/58
11/15/60
2/28/58
3/15/61
+ .09
3.82
4.12
4.14
4.16
4.15
-.17
-.09
-.06
-.06
-.06
+.16
3.95
+ .01
4.12
4.03
4.10
4.04
+.07
+.06
+ .12
+ .03
+.19
+ .10
+ .08
+.08
+.13
+.02
+.13
+.13
maturity
Price
Date
100.13
102.11
103.20
100.06
6/5/58
5/15/61
4/21/58
5/15/61
89.00
99.07
89.24
97.10
1/6/60
4/7/64
1/6/60
12/l?/6l
5/5/42
3/15/61
6/23/60
4/13/62
9/15/63
108.12
100.26
102.04
101.06
4/6/46
12/24/62
5/12/61
12/26/62
10/3/63
84.22
97.18
98.11
97.29
98.13
9/15/59
3/8/61
6/9/60
3/24/64
3/24/64
-.10
-.01
-.07
-.02
-.06
12/1/42
8/15/62
4/15/43
10/1/57
9/15/43
108.03
102.08
137.25
107.24
4/6/46
12/24/62
4/6/46
4/21/58
4/6/46
82.03
99.07
81.10
94.04
81.04
1/6/60
3/24/64
1/6/60
12/30/59
1/6/60
2/1/44
6/20/63
12/1/44
3/1/62
5/15/62
107.23
100.14
107.22
101.27
100.28
4/6/46
8/2/63
4/6/46
12/26/62
12/26/62
80.10
98.21
79.28
98.14
97.16
1/6/60
3/24/64
1/6/60
4/3/64
4/3/64
11/15/62
6/1/45
9/15/62
10/20/41
11/15/45
9/15/63
101.20
106.16
101.20
109.18
106.16
99.05
12/26/62
4/6/46
12/26/62
4^6/46
4/6/46
10/1/63
98.06
79.12
98.06
73.24
79.06
93.01
3/24/64
1/6/60
3/24/64
1/6/60
1/6/60
3/25/64
110.24
103.18
97.24
111.28
101.04
105.28
4/22/58
5/12/61
5/12/61
8/4/54
6/11/58
5/5/61
92.08
93.08
91.02
82.06
82.04
98.10
1/6/60
1/6/60
4/14/64
1/6/60
1/6/60
5/19/60
106.26
104.10
100.11
100 26
101.12
95.14
4/21/58
12/26/62
1/16/63
8/28/63
6/8/55
5/12/61
84.08
100.00
97.06
98.00
79.08
37.06
1/6/60
3/30/64
1/13/64
3/30/64
1/6/60
3/30/64
4.05
4.18
4.05
4.20
4.23
-.06
-.02
-.02
-.02
+.06
+.15
4.21
-.03
-.06
-.03
-.07
-.06
+ .06
+ .18
88.10
98.11
+.18
+.03
97.00
97.24
91.08
87.02
86.12
100.04
+.04
+.02
.00
+ .08
-.04
+.04
+ .08
+.08
.00
+.06
+ .30
+.10
-.01
4.12
4.20
4.13
4.13
4.22
-.01
4.23
4.20
4.24
4.24
4.24
4.24
-.01
.01
12/2/57
1/23/59
10/3/60
5/1/53
6/3/58
4/5/60
4.23
4.23
4.15
4.22
3.89
4.18
.01
.02
.00
.02
.06
.02
2/14/58
8/15/62
1/17/63
4/18/63
2/15/55
10/3/60
Amount issued on hfay 6, I964, was $1,001
million.
Excess of price over zero yield.
P""^ ^'^ ^^"""e *>" quotations in the over-the!™!n^'"^
*r»" ^Vl'
counter market.
Prices for prior dates are the mean of closing
bid
and ask quotations, except that before
October 1, 1939, they are closins
'"'' ''°°' '^'='^"^^""*'^" --^^" P"-^ -e included
in'th^
in
the M^t''
histoiy "r
beginning October 1, 1939.
Ebtes of highs and lows in
.00
.00
.02
-.02
V
y
y
High
Date
+ .04
+ .08
+ .04
+.03
98.19
83.29
98.19
88.18
88.20
100.10
97.16
93.10
84.04
87.20
To first
call or
9^1.17
110.
U
.
1
case of recurrence are the latest dates.
On callable Issues market convention treats the yield
to earliest
call date as more significant when an issue is selling
above par,
and to maturity when it is selling at par or below.
Included In the average yield of long-terra taxable Treasury bonds
as shown under "Average Yields of Long-Term Bonds,"
May 1964
79
MARKET QUOTATIONS ON TREASURY SECURITIES, APRIL 30, 1964-
Treasury Bulletin
80
„
AVERAGE HELDS OF LONG-TEEM BONDS
Table 1.- Average Yields of Treasury and Corporate Bonds by Periods
{Percent per annum)
Treasury
bonds 1/
Moody' 3 Aaa
corporate
bonds
Treasury
bonds ly
Period
Moody's Aaa
corporate
bonds
Period
Treasury
bonds iy
Moody's Aa
corporate
bonds
3.43
4.08
4.02
3.90
3.95
4.00
3.79
4.38
4.41
4.35
4.32
4.26
Annual series - calendar year averages of monthly series
1942
1943
19U
1945
1946
1947
1948
1949
2.46
2.47
2.48
2.37
2.19
2.25
2.44
.83
2.31
,66
.73
.72
1950
1951
1952
2.32
2.57
2.68
2.94
2.55
2.34
3.08
3.47
1953
1954
1955
1956
1957
.62
.53
.61
,82
2.62
2.86
2.96
3.20
2.90
3.06
3.36
3.89
1958
1959
I960
1961
1962
1963
Monthly series - averages of daily series
Period
Treasury
bonds 1/
Moody'
Moody'
Aaa
Treasury
corporate bonds iy
bonds
Aaa
corporate
bonds
1953
January
February
March.
April ....
May
June
.
. .
July
August.
September
October.
November.
December.
2.83
2.89
2.97 2/4/
3.11
3.13
1955
3.01
3.92
3.92
4.01
2.81
2.82
3.04
3.05
4.08
4.09
3.28
3.24
3.29
3.16
2.91
2.95
3.06
4.11
3.11
4.10
4.26
4.11 2/
4.12
4.27
2.38
2.85
2.93 2/
3.07
2.97
2.93
July
August. .
September
October.
November.
December.
2.47
2.48
2.52
2.54
2.57
2.59 2/
2.89
2.87
2.89
2.87
2.89
2.90
3.00
3.17
2.92
2.87
2.89
3.11
3.13
1956
3.21
3.20
3.30
3.40
Moody 3 Aaa
corporate
'
Treasxiry
bonds ly
3.91 2/
3.13
3.10
3.10
3.15
bonds
s
Aaa
corporate
bonds
Treasury
bonds 1/
1959
2,93
2.99
3.02
3.06
2.95
2.86
2.85
2.88
2.90
Period
1957
2.68 2/
2.78
2.78 1/
2.82
January.
February
March. ..
April..
May
June
.
Moody'
Treasury
bonds iy
3.02
3.07
3.12
3.23
3.34
3.40
3.02
3.02
2.98
2.83
2.86
2.79 2/
1954
2.69
2.62
2.53
2.48
2.54
2.55 2/
.
Moody
Aaa
corporate
bonds
'
Treasury
bonds iy
3.08
3.10
3.24
3.28
3.27
3.28
3.43
3.56
3.59
3.69
3.75
Treasury
bonds iy
4.47
4.43
4.52
4.57
4.56
4.58
3.89
corporate
bonds
V
1963
3.78
3.80
3.73
3.88
3.89 2/
3.92
3.93
3.97 2/
3.97
4.00
3 .90
4 .00
4 .02
3 .98
3,.98
4 .06
4.41
4.45
4.45
4.42
4.39
4.42
4.01
3.99
4.26
4.29
4.04
4.07
4.31
3.31
4.61
4,.03
4.56
4.49
4.45
4.46
4.45
4,.09
3.86
3.79
3.84 2/
4.41
4.02 2/
3.93
3.91
3.93
3.88
4.35
4.31
4,.01
3,,39
3,.88
3..90
3.94
3.89
3.87
3.87
Period
4.32
4.33
4.35
4.11
4.14
1962
4.28
4.25
4.30
Aaa
corporate
bonds
4.32
4.27
4.22
4.25
4.27
4.33
4.37
4.22
4.08
4.18 2y
4.16
3.98
Moody's Aaa
corporate
bonds
Moody'
Treasury
bonds
1961
4.12
4.14
4.13
4.23
4.37
4.46
i960
3.11
Moody'
Aaa
1964
4.42
4.42
4.39
4.33
4.28
4.28
4.15
4.14
4.18
4.20
4.37
4.36
4.38
4.40
4.34
4.35
4.32
4.28
4.25
4.24
Treasury
bonds iy
Moody's Aaa
corporate
bonds
May 1964
81
AVERAGE YIELDS OF LONG-TERM BONDS
O
z
o
CQ
o
a.
o
o
>-
CO
«
I
q: CO
a:
c
o
I
o
$
o
LJ
%
^
UJ
UJ
5
Treasury Bulletin
82
.MONETARY STATISTICS.
Table 1.- Money In Circulation
(In millions of dollars except per capita figures)
Paper money 2/
End of fiscal
year or month
Total
money in
circulation 1/
1955
1956
1957
1958
1959
30,229
30,715
31,082
31,172
I960
1961
1962
1963
1962-December.
1963- July
August.
September.
October.
November.
December.
1964-January.
February.,
March. ...
Gold
certificates
Silver
certificates
Treasury
notes of
1890
United
States
notes
Federal
Reserve
notes
Federal
Reserve
Bank
notes
National
bank
notes
34
33
33
32
31
2,170
2,148
2,162
2,200
2,155
319
318
321
317
316
25,618
26,055
26,329
26,342
27,029
163
147
133
120
110
67
9U
28,372
28,767
29,040
29,071
29,699
32,065
32,405
33,770
35,470
29,726
29,943
31,117
32,592
30
30
29
20
2,127
2,094
2,009
1,847
318
318
318
319
27,094
27,353
28,622
30,292
ino
56
54
53
37
35,338
32,557
20
2,001
315
30,102
81
38
35,663
35,850
35,891
32,759
32,924
32,944
20
20
20
1,823
1,805
1,816
318
317
316
30,484
30,667
30,678
78
73
77
37
37
36,177
37,227
37,692 2/
33,217
34,241
34,662
20
20
20
1,822
1,846
1,877
321
325
321
30,941
31,938
32,331
76
76
76
37
37
37
36,247
36,312
36,799
33,226
33,268
33,694
20
20
1,737
1,718
1,730
306
312
320
31,051
31,107
31,513 §/
75
75
74
37
31,
.
Total
paper
money
20
.
y
92
85
78
64
62
59
57
37
37
36
;4aij
1964
83
MONETARY STATISTICS
,
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
End of fiscal
year or month
Silver
($35 per
($1 .29+ per
fine ounce)
fine ounce)
,978.1
3,922.4
3,994.5
4,116.6
4,306.0
4,414.1
4,394.5
4,346.5
4,317.4
4,315.2
4,318.2
September.
15,632.9
15,581.9
15,581.6
4,313.9
4,313.5
4,311.5
October. .
November
December.
15,582.9
15,582.2
15,513.0
4,298.2
4,275.2
4,265.7
964- January .
February.
March, . ,
15,512.0
15,461.7
15,460.7
4,258.6
4,255.8
4,250.2
,677.6
,799.1
,622.9
,356.2
,70i.6
,322.2
,550.2
,435.2
,733.3
.1955
1956
1957
11958
[1959
|l960
1961
1962
|l963
1962-December.
1963- July
Aui?ust.
.
.
,
1
Gold
Circulation Statement of United States Money,
silver monetary stock see Table 4.
Source:
For detail of
V
1/
See Table 3, footnote 3.
Ratio of silver to
?old and silver in
monetary stocks
fin percent)
15
Treasury Bulletin
84
,
MONETARY STATISTICS.
Table 4.- Components of Silver Monetary Stock
(In millions of dollars)
Silver held in Treasury-
End of calendar
year or month
Securing silver certificates 1/
Silver
bullion 2/
Silver
85
May 1964
.
MONBTARY STATISTICS
Table 5.- Seigniorage
(Cuumlative from January 1, 1935 - in millions of dollars)
Sources of seigniorage on silver bull ion revalued 1/
End of calendar
year or month
Seigniorage
on coins
(silver and
minor) 2/
18.5
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
,038.5
,101.7
,146.9
,198.9
W35
1936
1937
1938
1939
1940
19a
19i2
1943
19U
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
Newly mined silver 2/
Misc. silver
(incl. silver
bullion held
June 14, 1934)
Silver Purchase Act
Nationalized
silver
of June 19,
(Proc. of
Aug. 9, 1934)
1934 2/
Proclamation
of Dec. 21,
1933
Acts of
July 6, 1939 and
July 31, 1946 2/
Total
seigniorage
on silver
revalued 2/
43.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
43.7
48.7
48.7
43.7
48.7
226.2
302.7
366.7
457.7
530.7
562.7
580.4
584.3
584.3
534.3
701.6
832.1
832.1
832.2
833.6
833.7
333.7
833.7
833.7
333.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
34.5
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
34.7
16.3
36.0
53.0
74.9
87.3
87.6
87.6
87.6
87.6
87.6
87.6
37.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
37.6
87.6
87.6
87.6
87.6
87.6
87.6
37.6
37.6
87.6
4.2
25.7
43.3
63.6
65.3
65.4
65.5
66.5
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
167.9
326.2
422.1
503.1
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
1,172.5
48.7
48.7
48.7
43.7
48.7
48.7
48.7
43.
48.7
48.7
43.7
48.7
48.7
48.7
48.7
43.
Potential
seigniorage on
silver bxillion
at cost in
Treasurer's
account
^
274.9
397.5
5a.
758.8
950.6
,055.8
,089.0
,048.2
967.3
717.3
333.2
161.2
146.8
129.9
127.2
111.7
81.9
57.2
34-9
6.6
14.3
50.0
72.9
114.0
93.3
70.8
12.6
17.3
13.8
1963-July
August.
September
1,170.0
1,173.7
1,173.8
43.7
48.7
43.7
833.7
333.7
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
17.3
17.3
October.
November.
December.
1,185.1
1,189.7
1,198.9
48.7
4S.7
48.7
833.7
833.7
833.7
34.7
34-7
34.7
87.6
87.6
37.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
17.4
17.4
13.8
1964-January.
February.
March. . .
1,208.4
1,214.3
1,219.8
48.7
48.7
43.7
833.7
833.7
833.7
34.7
34.7
34.7
37.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
8.6
7.6
7.6
34.7
87.6
7.6
833.7
1,172.5
48.7
167.9
1,224.6
.
April
. . .
Bureau of Accounts.
Source:
cost value and the
1/ These items represent the difference between the
silver
monetary value of silver bullion revalued and held to secure
2/
certificates.
Total of seigniorage on coins and on neuly mined silver, beginning
breakdown is
with that for July 1959, is included under coins; the
not available after June 1959.
3/
4/
Silver
An act approved June 4, 1963 (77 Stat. 54) repealed the
act of
Purchase Act of 1934, the silver purchase provisions of the
July 6, 1939, and the act of July 31, 1946.
of
amount
the
The figures in this column are not cumulative; as
changes.
bullion held changes, the potential seigniorage thereon
86
Treasury Bulletin
.
lOTERMTIONAL FINANCIAL STATISTICS.
Table 1.- U. S. Gold Stock, and Holdings of Convertible Foreign
Currenclee by U. S. Monetary Authorities
(In millions of dollars)
Gold stock 1/
Total gold stock
and foreign currency
holdings
End of calendar
year or month
Treasury
Total
Foreign
currency
holdings 2/
2/
-
1953.
195i.
1955.
1956.
1957.
22,091
21 ,793
21,753
22,053
22,030
21,713
21 ,949
22,091
21,793
21,753
22,058
22,857
22,781
22,857
1958.
1959.
20,582
19,507
17,80i
17,063
16,156
20,534
19,456
17,767
16,889
15,978
20,582
19,507
17,804
16,947
16,057
116
99
1%0.
1961.
1962.
21 ,690
1963
15,808
15,513
15,596
212
1963-April
May
June
July
August.
September
October.
November
December.
1
6,0i6
1 6,009
1 5,956
1 5,764
1 5,725
1 5,788
1 5,910
1 5,780
1 5,808
15,877
15,797
15,733
15,633
15,582
15,582
15,583
15,582
15,513
15,914
15,854
15,830
15,677
15,633
15,634
15,640
15,609
15,596
132
155
126
1964- January.
February.
March
April p.
15,8i7
15,865
15,990
15,992
15,512
15,462
15,540
15,518
15,550
15,728
307
347
440
264
.
.
.
.
15,461
15,463
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) less net U.S. drawings from the Fund and the Fund's
net operational receipts in U.S. dollars. On April 30, 1964, the net
balance of these three amounts was $907.9 million. Under appropriate
circumstances the United States could draw an additional amount equal
to the United States quota,
Includes gold sold to the United States by the International Monetary
Note:
1/
2/
2/
p
87
92
154
270
171
212
Fund with the right of repurchase, the proceeds of which are invested
by the Fund in U, S. Government securities; as of April 30, 1964, this
amounted to $800 million. Of this amount, the United States purchased
$200 million in 1956, $300 million in 1959, and $300 million in I960.
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 Nonmarke table Notes and Bonds
Issued to Official Institutions of Foreign Countries
Amount outstanding
End of calendar
year or month
Payable in foreign currencies
Austria
Belgium
Germany
Payable in dollars
Italy
Switzerland
Total
(Dollar equivalent, in millions)
1962.
1963.
251
730
50
1963-April,
May . .
June.
551
Italy
Sweden
(In millions of dollars)
30
275
200
200
605
605
25
25
25
30
30
200
200
200
200
200
200
126
150
150
183
183
183
125
125
125
58
5S
58
July
August. , ,
September.
655
705
705
25
25
25
30
30
30
225
275
275
200
200
200
175
175
175
208
163
163
125
125
125
58
13
13
25
25
25
October
November
December.
705
705
730
25
25
50
30
30
30
275
275
275
200
200
200
175
175
175
163
163
163
125
125
125
13
13
13
25
25
25
730
730
680
732
50
50
50
30
.•^00
160
160
158
158
125
125
125
125
25
25
30
175
175
175
175
10
10
S
50
275
275
275
477
,
1
Canada
%4- January
.
February
March
April
. , .
30
30
Note:
For complete information on U. S, Treasury securities (nonmarketable) issued to official institutions of foreign coxintries, see
"Public Debt Operations," Tables 8 and 9.
200
150
51
175
163
125
13
25
25
25
May 1964
87
.INTERNATIONAL FINANCIAL STATISTICS-
Table 3.- U. S. Net Monetary Gold Transactions
with Foreign Countries and International and Regional Organizations
(In millions of dollars at $35 per fine troy o'ince; negative figures
gures represent net sales by the anited States; positive figures, net purchases)
Calendar year
1962
1963
Area and country
1959
Western Europe;
Austria
Belgium
Denmark
France
Germany
Greece
Italy
Netherlands
Spain
Switzerland
Turkey
United Kingdom
Bank for International Settlements
Other
1
9fai3
1961
-S3
-39
-15
-266
-U1
-15
-173
-35
-15
-3i
-AV
-23
-10
100
-25
-156
-125
-30
-1
1963
-U3
Oct.Dec.
-30
Jan.
Mar.
Apr.June
July Sept.
-30
Oct.Dec.
-32
-63
15
-i5b
15
-513
20
-350
-32
-18
-550
-36
-23
-306
-23
-3
-1
-827
-1,718
-75i
-399
-U6
-130
102
-2U
-60
50
-1
Canada
-101
-1i}1
-19
-2i9
-11i
-y.A
-6
Total Western Europe.
1962
8
-9
107
15
18
-79
-lOi
-149
',1
59
17
38
27
-387
329
-5
131
-13<5
190
Latin American Republics:
Argentina
Brazil
Colombia
Mexico
Peru
Venezuela
Other
Total
-50
-11
-1
-6
-20
-15
-6
65
-i
-7
-12
-30
Latin American Republics.
-90
-2
85
-30
28
-i
-11
-1
-109
19
-30
32
83
34
Asia:
Japan
Other.
-157
-23
-15
-97
-93
Total Asia...
-113
-93
Africa:
Total Africa.
-35
-3
25
-36
Other count-ries:
Total other countries.
-998
Total foreign countries
-UUl/U
International and regional organizations.
Grand total
1
,0i1
-1 ,969
300 2/
1 ,669
-833
-392
-96
-100
-833
-392
-96
-100
150
-180
Treasury Bulletin
88
CAPITAL MOVmENTS
Background
Data relating to capital movements between the Unlte(J
States and foreign countries have been collected since 193pi
pursuant to Executive Order 656O of January I5, 193'*, Executive Order IOO33 of February
promulgated thereunder.
S,
19'*9i
snd Treasury regulations
Information on the principal types of
data and the principal countries Is reported monthly, and Is
published monthly In the "Treasury Bulletin."
Information Is published less frequently.
Supplementary
Reports by banks,
bankers, securities brokers and dealers, and nonflnanclal
business concerns In the United States are made Initially to
the Federal Reserve Banks, which forward consolidated figures
to the Treasury.
Treasury
ajnd
These statistics are consolidated by the
published as promptly as possible.
The reporting forms and Instructions used in the collec-
countries. The data reported to and published by the Treasury
Department exclude entirely the intercompany capital transactions of business enterprises in the United States with
their own branches and subsidiaries abroad or with their foreign parent companies; such transactions are reported by
business firms to the Department of Commerce.
Data on the
capital transactions of the United States Govermnent and on
shipments and receipts of United States currency are also
excluded from the Treasury reports.
Certain capital transactions not effected through reporting institutions, such as
securities transactions carried out entirely abroad, are not
recorded in the Treasury reports. Consolidated data on all
types of capital transactions are published by the Department
of Commerce in its regular reports on the United States
balance of payments.
tion of the statistics have been revised a number of times.
The most recent revision became effective with reports
covering data as of May 31, 1963.I/ A detailed description
of the content of the statistics,
including the chantes
instituted, appeared In the July 19^3 issue of the "Treasury
Bulletin," pages 79-Sl-
The liabilities data exclude nonnegotiable, nonlnterest-
bearing special notes of the United States held by the Inter-
American Development Bank and the International Development
Association,
As a result of changes in presenta-
tion introduced in that issue, not all breakdowns previously
published will be exactly comparable to those now presented.
Basic definitions
The term "foreigner" as used in the Treasury reports
covers all Institutions and individuals domiciled outside
the United States,
including United States citizens domiciled
The data on securities transactions and on foreign
holdings of U.S. Government bonds and notes exclude non-
marketable U.S. Treasury notes, foreign series, and nonmarketable U.S. Treasury bonds, foreign currency series
(see "International Financial Statistics" section, Table
2).
abroad and the foreign subsidiaries and offices of United
States banks and business concerns; the central govermnents,
Presentation of statistics
central banks, and other official Institutions of foreign
countries, wherever located; and International and regional
Data collected monthly on the Treasury Foreign Exchange
Forms are published in the "Treasury Bulletin" in three
organizations, wherever located.
sections.
In general,
data are reported opposite the foreign
country or geographical area In which the foreigner is domiciled.
Tata pertaining to branches or agencies of foreign
official institutions are reported opposite the country to
which the official institution belongs.
Data pertaining to
inteiTiationsLl and regional organizations are reported opposite
the classification "International," "European regional," or
"Latin American regional," as appropriate, except for the
Bank for International Settlements and the European Fund,
which are included in the classification "Other Western
Section
I
provides a sunmary of the principal data
by period; Section II presents data by country
aind
by period;
and Section III shows detailed breakdowns of the latest avail-
able preliminary data.
Section IV presents supplementary data in five tables
which appear less frequently than monthly. Table I, shortterm foreign liabilities and claims reported by nonflnanclal
concerns, is published quarterly in the February, May, August,
and November issues of the Bulletin. Table 2, estimated gold
reserves and dollar holdings of foreign countries and inter-
national institutions,
is published quarterly in the March,
Europe.
June. September, and December issues.
"Short-term" refers to obligations payable on demand
or having an orlginsd maturity of one year or less, without
deduction of any offsets.
"Xong-term" refers to obligations
and debit balances in brokerage accounts, appears semiannually
having an original maturity of more than one year,
cludes securities having no contractual maturity.
and in-
Exclusions
The data published herein do not cover all types of
capital movements between the United States and foreign
i/
Table
3,
foreign credit
in the March and September Issues.
Table k, short-term
banking liabilities to foreigners In countries and areas not
regularly reported separately, heretofore has been presented
annually in the March Issue, but beginning with the August
1963 Issue is published twice a year, covering data as of
April 30 and December 3I. Table 5. purchases and sales of
long-term securities by foreigners during the preceding
calendar year, appears annually in the April Issue.
Copies of the reporting forms and instructions may be obtained from the Office- of Balance of Payments, Office of International Affairs,
Treasury Department, Washington 25, D. C, or from Federal Reserve Banks.
]
Hay I'^b^
89
.CAPITAL MDVaSENTS.
Section I - Summary by Periods
Table !•- Net Movements of Banking Funds and Transactions in Long-Term Securities with Foreigners!/
(In millions of dollars; negative figures indicate a net outflow of capital
from the United States)
Analysis of net movement
Changes in liabilities to foreigners
Calendar year
or month
Net
movement
Total
1946.
•767.6
[1947.
'1948.
261.8
280.9
164.5
576.3
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
I960.
1961.
404.8
-418.4
636.2
601.5
-100.0
1,026.8
657.4
1,243.9
1,102.4
1,270.2
682.1
1,338.4
219.1
1,000.8
3,229.6
1,882.9
1,178.7
305.4
1,822.9
2,489.0
225.2
278.1
521.9
945.0
416.4
940.
•903.6
338.5
479.8
1963
-796.5ri/V l,843.9r
1963-March
April
May
June
July
August
September.
October. .
November.
December. .
61.3
-69.8
-134.6
147.6
-367.1
373.0
158.1
328.0
50.2
.
.
1964- January
.
.
.
February p.
March p. .
.
Note:
1/
2/
2/
Short-term
banking
funds
-752.1
550.3
4D5.7
-25.1
1,971.5
73.3
1,560.0
1,090.5
1,420.3
1,367.4
1,493.2
369.6
989.8
4,353.2
2,263.0
1,909.2
387.7
1962
0.5
3.2
-3.6
-0.3
0.3
0.2
1.1
-0.4
0.8
0.1
-1.5
8.7
-8.3
-0.8
6.7
-5.2
U.S. Gov't
bonds
and
notes 2/
Other
domestic
securities
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
-64.
-150.
-144.
-21.
funds
Transactions
in foreign
securities
156.2
291.3
193.9
-39.0
435.5
251.8
223.5
-315.5
-240.7
-69.8
190.8
-76.2
-70.5
-80.3
144.2
-482.0
-162.0
-397.2
-253.7
-342.6
-82.0
-990.2
-1,148.2
-86.8
39.8
-29.0
-173.6
-13.5
-36.6
115.6
-116.0
-230.0
-168.5
-334.3
-138.3
-183.0
-153.3
-335.4
-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
-330.4
-728.0
59.8
-1,517.5
-343.0
-126.6
-1,047.9
-751.6
-844. 7r
-1,044.2
-34.8
-191.2
-36.3
-182.8
62.6
34.4
-1.4
-132.7
-183.1
-168.9
-11.3
2.
98.
12.
70.
141.
670.9
206.9
1.3
5.7
17.2
6.6
0.4
38.0
70.6
12.2
16.2
17.5
3.8
-10.9
-513. 2r
44.5
12.2
205.6
22.2
-10.2
142.2
83.3
8.0
104.7
-25.0
215.3
-5.5
-240.5
187.6
-0.4
-208.1
-5.1
28.6
-26.8
12.3
-34.1
-35.1
9.4
3.5
-1.2
11. Or
-2.9
-11. 5r
20.0
0.4
29.5
Data below the line include changes in liabilities and claims reported by a number of banks included in the series beginning
December 31, 1961.
For an explanation of statistical presentation and exclusions, see
headnote on page 88.
Through 1949, transactions in U. S. Government bonds and notes include transactions in domestic corporate bonds.
Change in long-term banking funds during May 1963 reflects the
Long-term
banking
-15.5
-288.5
-124.8
189.6
-395.2
-461.0
-334.8
187.6
-898.4
-422.4
-1,076.8
-1,310.1
-1,893.4
-1,014.7
-1,788.2
-2,314.0
39.1
379.6
449.8
-330.1
445.8
179.9
422.7
283.9
Short-term
banking
funds
Total
2/
175.9
184.8
86.2
408.8
-345.5
282.6
94.0
414. 6r
151.1
-499.7
240.
3/
Long-term
banking
funds
927. Or
222.1
-l,107.6rV
38.1
-230.1
-447.0
Changes in claims on foreigners
Transactions in:
4/
31.0
23.0
-2, 640. 4r
J/4/
-160.3
-310.5
-514.2
-302.2
-37.0
-72.3
-21.8
-94.7
-233.7
-594.
4rV
-177.2
-224.6
-206.5
-179. 2r
-115.5
-124.8
265.1
39.0
34.9
-52,
-193.
-17,
-34.
-40,
-36,
2/
2,
-60.6
-437. 9r
33.0
-60.3
-114.9
V
-114.7
-66.8
-284.4
-101.8
-65.1
-66.3
16.5
35.8
10.0
12.4
35.0
-48.8
33.2
inclusion of $35.6 million of long-term claijis previously held but
first reported as of May 31, 1963.
Change in long-term banking funds during December 1963 reflects the
inclusion of $193.2 million of long-term claims reported by banks for
the first time as of December 31, 1963, representing in part claims
previously held by banks but not reported,
p
Prelijiiinary.
r
Revised.
Treasury BulletM
90
.CAPITAL MOVEMENTS.
-
Section I - Summary by Periods
Table 2.- Banking Liabilities to and Claims on Foreigners
1/
{Position at end of period in millions of dollars)
Short-term claims on foreigners
Short-term liabilities to foreigners
End of calendeir
year or month
1945
1946
194.7
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1953
1959
1 960
,
,
,
1961
,
1961 5/
1962
1963
1963-Mareh
April
May
June
July
Angus t ,
September,
October,,
November,
December.
.
1
.
964- January , ,
February p
March p.,.
V
2/
2/
4/
1/
6/
Payable in dollars
Total
shortterm
liabilities
Foreign countries
Official
institutions
Foreign
banks
Other
foreigners
Payable
International
and
regional
in
foreign
currencies
Total
longterm
liabilities
4,820.3
5,163,2
5,914,8
328.5
358.9
186.0
254.6
54. 9r
43.4
5,115,3
5,306,5
5,342,8
5,525.6
5,463.0
5,428.6
5,430.0
5,562,7
5,745.9
5,914.8
63.4
63.8
93.3
6,094,0
6,209,6
6,334.4
191.5
163.7
149.8
113,1
150,4 6/
7.5
2.2
10,893,3
11,915,3
12,440,4
5,330,4
5,251,0
5,689,5
2,356.9
2,564.4
3,046,2
3,751,7
5,147,5
4,638,6r
150.4 6/
143.4 6/
134,1 6/
43,4
5,636,9
5,563,8
5,617,3
5,711,8
5,689,8
5,771,8
5,676,0
6,138,6
6,257,8
5,689,5
2,671,7
2,757,9
2,762,0
2,821,2
2,796,2
2,863,6
2,920,5
2,942.7
3,024,0
3,046,2
4,982,4
5,028,6
4,861,5
4,837,6
4,950,2
4,823,2
4,782.7
4,759. 8r
143,4 6/
25,851.6
25,506.1
25,788.7
25,882.7
26,297.2r
26,448.4r
25,948.7r
11,737,3
11,890.1
12,072.5
12,354.5
11,961.4
12,218.3
12,395.3
12,311.2
12,365.5
12,440.4
26,136.3
26,135.9
25,927.8
12,189.0
12,023,9
11,959,3
6,143.6
6,138,0
6,011.7
3,001,6
3,068,2
3,110,1
22,532.6
25,021,6
25,948, 7r
25,171.8
25,356,6
25,U2.8
1,881,1
1,452,1
1,517,3
1,544.0
3,158,1
25,5
40.6
49.7
70.4
51,0
,9
1.4
4.6
1.0
.7
U.9
1.0
1.2
2.3
1.8
2.7
2.8
1.2
9.9
1.6
72.2
61.4
43.7
43,2
40.3
48.8
59.0
59.4
77.2
.8
116,1
129,5
4,671 .7r
126,6 6/
108,4
111,7
108,2
144.8
129,5
4,638.6r
134,1 6/
4,671.5
4,780,7
4,734.6
130,6
For exclusions see headnote on page 88,
Included with "Other foreigners."
Included with "Other claims."
Beginning in August 1956 and also in April 1957, certain accounts previously classified as "Foreign banks" are included with "Official
institutions."
Differs from 1961 end-year data on the preceding line by inclusion of
liabilities and claims reported by a number of banks included in the
series beginning December 31, 1961,
Includes reported liabilities to foreign official institutions begin-
125,1
112,1 6/
7/
8/
p
Foreign
banks
400
350
290.3
328.5
4,011.8
3,751.7
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
Official
institutions
328
405
385
439
497
524.3
699.4
2,678.5
2,922,2
2,972,8
2,947.1
3,001.5
1,392.5
1,513.0
1,675.3
1,779.1
1,805.1
1,783,5
2,029,8
2,252.3
2,430.4
2,398.1
2,229.6
2,355.5
4,179.0
3,043.7
1,831.9
2,836.3
2,907.7
3,615.5
3,547.6
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4 4/
7,916.6 4/
8,664.9
9,154.3
10,212.3
10,893.2
Payable
Loans to:
392.8
708.3
948.9
1,018.7
827.9
898.0
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
4,762.3
2/
2/
2/
2/
2/
2,064.0
2,528.2
2,569.8
2,529.3
2,530.4
2,943.1
3,362.9 4/
3,413,0 4/
3,460,5
4,601.1
4,704.8
5,299.5
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
13,600,7
14,939.1
15,158.3
16,159.1
19,388.7
21,271.6
22,450.3
Payable in dollars
Total
shortterm
claims
4.3
5,6
11,3
28,5
35,1
44.5
48.0
46.8
57. 8r
2/
2/
1/
73.4
86,1
87.9
85
243
160
176
241
236.1
171.4
141,8
136,0
165,8
176,8
153,4
200,7
186.0
100.3
319.6
292.9
361.2
222.7
151.1
177.2
122.9
in
Other
foreigners
2/
2/
2/
2/
2/
104.2
109.8
131,7
109,8
142,0
235.6
330,4
303,0
427,5
Other
claims
foreign
curren-
Total
longterm
claims
cies
245.0
290,5
490.6
47.5
98.1
175.6
140,7
227.5
187.7
216.7
390.4
403.9
i
617.6
660,0
883.8
1,121.6
1,076.7
1,098.2
1,837.8
2,531.1
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
709,2
952,6
969,9
622.4
641,8
760.8
2,573.9
2,652.9
3,374.7
557,1
2,033,8
2,160,4
623,5
3,005.1r2
850,4
824,2
790.3
884.3
842.5
671,1
574,6
593,9
594.8
691.6
635 7
847.6
868.3
966.2
969.9
680,5
692,7
701,7
712,8
709,9
759,6
760,8
2,764.6
2,966.3
3,106.2
3,127.5
3,156,1
3,038,7
3,091,2
3,139,4
3,183.6
3,374,7
2,133,0
2,185,5
2,378,9
2,396,5
2,431,0
2,471,9
2,508,8
2,506.6
2,567,2
1,047.2
1,099,7
1,093,5
797.7
805.8
823.8
3,416.0
3,504.2
3,609,6
156
206
891.1
460.1
482.1
686,0
680,1
557.1
494.3
328.7
503.4
627,9
451,5
584,1
586,3
631 2
601 6
691 2
635.7
623.5
641.6
636.1
657.7
U0.5
324,9
440.9
670.9
839.4
1,173,8
1,362,1
1,545,1
1,698.4
2,033.8
3,005.1rS
3,038,0
3,098,3
3,213,2
ning October 1961. Figures for selected dates are as follows:
end 1961, $4.6.3 million; end 1962, $47.9 million; March 1963, $A7.9
million; June 1963, $25.5 million; December and end 1963, $30.1
million; March I964., $30.1 million.
Includes claims previously held but first reported as of May 31, 1963;
as of that date such claims amounted to $85.6 million.
Includes claims amounting to $193.2 million reported by banks for the
first time as of December 31, 1963, representing in part claims
previously held by banks but not reported,
Preliminary.
r
Revised.
Siai)
1964
91
CAPITAL MOVMENTS.
,
Section I - Summary by Periods
Table 3.- Purchases and Sales of Long-Term Domestic Securities by
Foreigners
[
In millions of dollars
U.S. Government bonds and notes 2/
Corporate and other
Net
Net purchases
Calendar year or month
Bonds 3/
Stocks
purchases
of
Foreign countries International
Official
Other and
Sales
V
negative figures indicate a net outflow of capital from the United States)
Purchase/
Sales
Net
purchases
purchases
domestic
securities
-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
111.1
197.5
-334.2
-89.1
-192.2
75.2
944.4
-584.3
314.9
-11.5
149.3
635.2
156.4
141.8
-2.7
1,124.4
378.4
735.7
-668.2
877.8
.2
44.9
50.2
276.2
34.4
6.0
159.8
87.0
-2.8
135.5
-2.0
Net
Sales
regional
1946
1^47
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
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
1,867.1
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
1,196.2
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
1963-Maroh
April
May
June
July
August. .
September.
October. .
November.
December.
481.3
58.4
297.5
436.8
46.2
91.9
34.7
44.5
12.2
205.6
22.2
-10.2
142.2
83.3
1964- January.
66.4
106.4
18.4
1960
1961
1962
1963
.
.
February p
March p.
.
1/
2/
56.9
40.7
175.5
171.0
35.0
193.5
7.5
50.9
33.2
87.7
26.9
-269.7
-13.0
-55.4
9.4
824.2
-663.7
292.7
-96.7
-60.0
561.7
-204.9
117.0
-236.7
523.9
-97.9
-20.0
-206.6
369.1
8.2
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
-728.0
670.9
88.8
32.4
8.0
104.7
-25.0
71.5
77.8
45.2
-5.1
28.6
-26.8
126.7
30.9
5.0
42.9
81.9
14.1
43.4
-6.3
26.7
26.4
For exclusions see headnote on page 88.
Through 1949, includes transactions in corporate bonds.
2/
2/
2/
2/
107.7
120.0
200.1
212.8
289.7
74.5
7.5
87.0
117.9
-19.3
9.6
14.7
68.3
-32.7
70.0
-169.1
273.0
164.9
224.5
532.2
-521.4
301.8
-21.3
-.7
-11.8
-5.6
4.7
-9.0
.8
-4.7
16.7
1.6
-26.8
324.7
287.1
310.2
361.4
368.8
442.4
316.9
307.7
255.7
40.0
7.1
100.2
-8.0
-3.4
105.0
-3.3
3.0
60.4
-14.0
-48
2/
2/
2/
2/
2/
108.3
141.6
188.5
197.4
283.6
296.0
251.8
258.9
344.0
296.2
392.3
416.1
359.0
246.4
3/
2/
2/
2/
-.6
-21.6
11.7
15.3
6.1
28.7
35.3
51.3
17.3
72.6
50.1
-99.2
-51.3
9.3
15.3
17.7
27.8
16.0
23.7
23.3
12.8
14.2
18.4
29.5
15.1
16
17
24
15
22
19
16
25.2
27.7
-6.8
-2.7
-6.8
1.7
26.9
13.4
37.8
17.7
21.9
21.8
9.1
-3.5
16.0
.2
1.0
10.3
-8.6
8.4
1.2
367.6
226.1
369.7
354.1
666.9
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
2,260.2
2,724.0
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.B
2,744.6
2,149.1
2,526.5
161.5
255.5
282.0
338.2
184.4
201.3
226.5
246.6
240.0
247.3
161.3
218.6
221.7
317.5
176.6
185.0
216.0
254.8
202.2
226.0
7.8
16.3
10.5
-8.2
37.8
21.2
282.0
216.8
260.9
278.3
242.4
312.0
-25.6
-51.1
739.8
650.2
Through 1949, included with transactions in U.
Preliminary.
bonds and notes.
p
36.9
60.2
20.7
3.7
S.
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
Government
7.7
-5.5
-61.9
Treasury Bulletin
92
.CAPITAL MOVMENTS.
Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
1/
{Position at end of period in millions of dollars)
Calendar year
1963
Country
i960
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
2^3.1
U2.0
54.2
46.0
519.0
63.1
877.1
328.
81,
83,
148,
226,
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 2/
U.S.S.R
Other Eastern Europe 2/
678
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
90.8
988
2,841
67
1,234
216
105
99
153
160
177
490
907
406
874.8
14.0
10,322.0
2,438.8
2,757.6
315.0
194.1
135.1
158.3
77.0
397.3
123.0
72.2
51.3
398.2
233.6
72.0
11.8
234.7
228.2
105.3
146.8
42.5
494.7
86.7
84.0
57.0
418.0
228.0
111.0
88.8
14.9
2,307.8
2,340.5
34.8
57.3
53.9
178.2
74.7
1,887.5
152.2
202.8
83.7
185.8
204.3
34.6
55.5
77.7
75.6
63.0
1,671.6
199.5
185.0
92.0
264.4
254.6
3,115.3
2,973.6
31.9
64.3
29.3
21.9
79.6
33.9
93.0
31.7
14.5
110.2
227.0
283.3
12,
329.1
177.4
67.0
73.2
1,156.6
2,729.9
118.9
1,383.8
248.2
124.7
255.1
326.0
52.1
9,045.7
10,
356,
Total Europe
1961
25.9
2,226.6
11.6
326.4
4.8
15.7
18,
1,667,
1962
25
1,608
10.5
351.7
2.6
13.5
;
American Republics l^/...
Bermuda
Antilles and Surinam,
America Ij/
^
,
^
,
Total Latin America
Asia ;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
,
Africa;
Congo (Leopoldville)
^
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa jj
Total Africa 1/
Other countries
Australia
All other 2/
;
,
Total other countries 7/
International and regional
International
European regional Tj
Latin American regional
88.1
37.2
125.2
;
Total international and regional 2J
Grand total
,
3,897.2
2/
114.6
4,011.8
,
21,271.6
b/
1963
November
1964
December
January
February p
March p
Hay 1964
93
.CAPITAL MOVMENTS.
Section II - Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners!/
(Position at end of period in millions of dollars)
Calendar year
Country
:
I
I960
'
1[
ij
I
I
i:
!
1962
grope:
2.3
65.1
13.2
Austria
Belgium
Denmark
Finland
France
Germany
Greece
9.2
Italy
j
1961
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 2/....
U.S.S.R
Other Eastern Europe 2/ 2/.
Total Europe
ICanada.
,
America ;
Argentina.
32.0
81.8
6.2
34.1
33.3
17.0
3.9
7.6
27.9
59.5
48.8
245.3
11.1
10.9
5.0
20.0
10.8
22.6
42.2
165.5
5.8
35.0
54.4
27.5
4.5
11.1
35.0
105.1
16.1
180.8
8.6
9.0
.1
7.6
8.0
716.7
767.2
421.1
555.8
120.8
225.4
72.7
80.4
25.5
343.4
22.6
44.3
191.8
186.3
127.0
125.3
19.2
425.0
31.9
73.7
54.7
[Latin
BrazU
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
57.0
234.5
Venezuela
Other Latin
Baharaas and
Netherlands
Other Latin
American Republics ^/.
Bermuda
Antilles and Surinam.
America ^/
^
Total Latin America.
55.1
y
1U.2
55.8
y
8.5
65.5
13.4
73.5
1,355.6
1,521.8
1.7
9.3
9.2
1.7
9.4
8.2
Asia;
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines, .
Taiwan
Thailand
Other Asia
.
Total Asia
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa
Other countries:
Australia
All other 2/---:
Total other countries S/
International and regional .
Grand total
.2
.3
23.9
805.9
2.1
35.7
1,528.0
3.9
114.4
9.9
34.1
18.6
7.3
24.0
150.0
1,052.2
2.5
2/
u.o
3.2
7/
y
1U.9
y
1,890.6
6.0
2/
10.3
1^.2
7/
1963
1963
October
November
196i
December
January
February p
March p
94
Treasury Bulleth
•
CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 3.- Long-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars)
Country
1960
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
2.9
35.1
7.1
5.2
20.5
23.2
4.0
37.1
13.6
1U.6
2.7
4.5
38.8
2.2
.1
15.3
1.8
7.9
R
U. S. S.
Other Eastern Europe,
Total Europe.
366.6
Canada.
75.5
Latin America;
Argentina
Brazil
Chile
Colombia
118.4
233.7
42.5
25.7
Cuba
.9
Mexico
Panama
Peru
Uruguay.
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
.
182.0
30.3
12.1
.4
.
American Republics 3/.
Bermuda
Antilles and Surinam..
America 2/ (J
Total Latin America
Asia
139.8
9.2
tj
65.4
913.9
;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
19.4
44.4
10.2
19.1
.9
15.6
.4
8.2
15.7
Total Asia.
Africa;
Congo
134.1
Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
(
y
^
International and regional
Grand total
y
61.0
4.8
y
Total Africa
Other countries;
Australia
All other
Total other countries
39.7
.
.
,
.
May 1964
95
CAPITAL MOVIMENTS
Section II
Sunmary by Countries
Table 4.- Net Transactions in U. S . Government Bonds and Notes by Foreigners
i/
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
Country
I
1960
1961
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U. S. S. R
Other Eastern Europe.
-189
-349
-35,359
6,392
Total Europe
-35,360
Surope:
I
i
-31 ,665
-391
1,999
-620
-275
-59
-112
-1 ,070
-22,391
77
-220
11,807
-10,917
89,105
15,175
-11,320
2,646
-1
-18,324
264
-28
-889
-4,577
1,773
-86
-62
-23,577
-76
-36,551
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
5
415
-29
-49
-43,515
-1 ,071
-650
-780
662
-245
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latfn
-841
American Republics
Bermuda
Antilles and Surinam.
America.
. .
201
114
-45,783
Total Latin America
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
-14
1,157
39,700
Total Asia
34,045
-1 ,000
-531
6
-1,561
-191
-5
-3,516
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
3,255
Total Africa..
3,267
Other countries;
Australia
All other
-49
-17,445
-17,494
Total other countries
International and regional:
International
European regional
Latin American regional
Total international and regional
224,468
224,468
.
126,592
Grand total
1
p
6
For exclusions see headnote on page
Preliminary.
1963
Treasury BuUeth',
96
.
CAPITAL MOViMENTS
,
Section II - Summary by Countries
Table 5.- Net Transactions In Long-Term Domestic Bonds,
Other Than U. S. Government Bonds and Notes, by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
19a
1963
Calendar year
Country
I960
1961
1962
196A
through
March p
1963
December
January
February p
Europe:
-10
2,765
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
89
-119
482
-635
23
-1,793
-4C9
-3
-28
116
186
-8
-20
-74
324
174
21,288
-330
267
699
-456
3,560
732
177
18
-135
-32
261
60,045
-19,846
10,674
33,345
26,644
-1,770
1,787
2,507
6,916
779
-39,058
-89,628
-76,249
-51,845
-14,679
-2,768
-10,912
-3,73f
1,631
10,442
-86
386
-214
240
-120
-54
81
20
-5
-5
64
-7
7
-36
96
-10
56
49
1,751
1,292
58
395
1,394
755
793
2/
10,349
417
54
544
-698
-1,265
-16
54
-397
-887
202
1,102
2,654
-19
-927
-1,545
14,804
-110
-334
-1,128
11,258
4,628
-C
-10
71
304
2^
-44
-129
-352
155
-96
12
515
176
846
-45
-228
3,078
-23
42
-458
126
135
-45
-69
-162
2,543
26
6
23
4
-506
-71
3
2
51
27
32
-147
333
33
645
-109
-63
-498
830
135
-330
116
6
132
217
37
917
687
-70
-26
-14
81
9
19
2
65
108
-1
69
1
-2,705
1,284
-64
-157
-2
20
41
1,589
-35
289
-143
179
93
-99
72
23
116
48
-18
-13
-92
204
-2
-2
19
12
-19
-5
-4
33
54
-1
13
11
-21
-4
-114
35
2
10
-56
18
89
44
-11
-11
441
-15
-40
239
-753
50
-7
5
4
426
277
491
-684
270
-148
-17
274
-4
128
11
-13
904
297
198
396
87
4,905
3J8
-12
-6
470
766
6,143
997
49
376
52
-2
y
32
-10
-11
2/
i/
y
31
4
141
4
-297
1,786
1,153
796
5,302
37
671
-37
18
95
6
-2
233
17
V
-542
912
17,609
-130
-115
-56
317
52
8
352
48
57
33
266
98
2/
-5
-10
-12
-29
-6
56
208
3
-3
-8
-1
25
297
309
3
65_
73^
23
45
-3
96
-3
-195
4
y
208
2,475
-28
4
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
3
35
-26
-39
-76
9,507
-1,271
-136
14
-297
-9,394
-7,915
-1
Total Asia
-59
-4,366
37
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
39
-176
204
55,766
Total Latin America
2
95
1
3,226
58
Asia:
China Mainland
-fa
-1,239
-382
-6,818
-218
-79
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics 1/
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America 1/ 2/
-35
-87
-165
278
-179
4,582
-12
-5,719
39
Canada
2/
119
94
705
128
386
-96
55
~V
Total Africa
Other countries;
Austral ia
All other
y
Total other countries 4^
kf
y
V
-903
9
59
22
-11
476
49
166
-792
29
602
194
11,548
9,878
12,078
16,190
-8
-19
3,936
1,395
194
-16
-96
194
-16
1,749
1,574
1,171
523
,
Total international and regional.,
Grand total
-246
-9
-439
-410
-451
-103
-3
-428
-2,616
-78
140
269
211
11,345
-4
7,616
-231
5,489
Total Europe
International and regional:
International
European regional
Latin American regional
580
11,548
9,878
12,078
16,190
3,936
1,395
1,749
1,574
1,171
523
50,088
-99,227
-51,333
9,329
16,574
-2,668
-6,819
1,736
9,144
-8,535
1/ Through April 1963,
"Other Latin American Republics" include only
Bolivia, Dominican Republic, Guatemala and El Salvador; other Latin
American republics included with "Other Latin America."
2/ Through 1963, Bahamas and Bermuda are included with "Other Latin America."
'}/
Ij
p
Through 1963, "All other" countries include Morocco and "Other Africa.'
Through 1963, "Total other countries" include "Total Africa."
Preliminary.
May 1964
97
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 6.- Net Transactions in Domestic Stocks 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
1963
Country
1960
1961
1962
1963
1964
through
March p
October
1964
January
November
February p
March p
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
O.S.S.R
Other Eastern Europe 1/.
195
2,2i5
790
-116
37,881
19,716
-259
29,219
-i,260
-399
10,820
376
121
115,048
108
-40,920
-13
2,939
3
-14
-14
660
-3
17
Total Europe
173,497
252,121
113,152
166,037
-6,281
-21,878
32,866
-641
1,793
1,735
62
-1,673
-1,211
3,540
918
-2,944
3,561
1,086
-522
5,238
1,063
742
355
5,430
9,824
378
-1,163
8,806
2,660
120
-1,238
2,566
.
,
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics 2/
Bahamas and Bermuda
Netherlands Antilles and Surinam,
Other Latin America 2/ 3/
Total Latin America
580
3,141
-1 810
-427
22,587
22,711
-709
14,272
28,971
-668
6,538
1,559
-1,200
161,565
235
-10,940
12
5,718
,
-202
-3,697
-268
-425
4,852
31,618
12
-2,972
8,504
-898
429
217
-3,862
117,236
-262
-40,589
3,473
,968
1,073
234
231
470
621
-10,960
1,351
-63
-2,230
632
-45
188
812
-79
-721
-438
-287
-485
-95
-42
682
3,550
207
-21
347
-386
2,570
1
-641
-391
-9,006
-3,370
-327
5,004
3,075
-1,412
15,595
589
-267
-25,393
459
196,896
362
-1,304
y
-184
-6,029
3,881
-1,290
-21,587
3,017
-789
y
-1,620
-111
2,588
-688
354
-2,734
-782
-9
837
5,510
-993
1,321
1,216
493
-50
2,142
268
-43
1,272
463
-204
1,765
420
1
26
1,126
1,488
2,733
129
286
42
-649
5,177
655
20,933
8,444
-398
-4,396
-6
-19,294
-737
613
36
290
3
18
-1
-88,073
74
34,151
15,004
-18,854
-25,651
-43,568
5,132
11,191
-7,965
-2,715
5,395
9,859
736
596
2,461
-411
306
171
-47
230
269
261
-169
-24
92
-62
212
170
-473
-90
84
-104
-3
-48
-107
-496
552
714
285
-S3
426
-532
389
105
546
107
106
-226
4
124
3,007
2,249
1,097
-136
-777
-1,300
897
347
-1,055
1,160
1/
2,369
3,064
8,355
-1,661
5,622
258
-204
-25,272
-4,193
-77,911
-1 ,222
282
904
-540
108
-10,338
200
14,577
119
225
-329
2,746
10
16
121
-426
3
361
6
-764
46
8
-7
-294
3,084
-59
955
2,382
-464
2,536
-178
10,797
-1,225
739
-1 ,847
285
52
54
-349
-122
629
-945
30
-224
153
41
-6,858
-4,185
-22,344
4
335
-14,018
281
-2
-36,273
-4
-1,051
-3
-3
-1
11,023
-175
448
-826
336
269
42
-253
-286
-674
60
-376
145
-3
146
-1,018
650
204
46
-241
13
-113
-8,022
166
569
-9,679
1
-1 ,680
1,327
320
-153
-8,275
66
10
233
526
-1,792
487
-578
2,940
300
145
108
552
-505
163
1,787
-578
4,850
490
10,897
-41
-2
1,092
6
-3
-U
81
-1,586
2,117
-450
-4
-18
-543
-13
-4
-7
4
-14
9
648
-9
-30
14
2
11,962
-124
9,374
2,224
1,594
-1,715
18,064
U,409
-21,293
8,639
172
8,317
87
-40
105
504
-92
37,684
56
515
103
-5
-71
147
3,345
-118
3,227
114
-89
472
615
-45
396
-8
69
6,282
283
341
-153
Asia;
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines. .
Taiwan
Thailand
Other Asia
181
-1,285
100
4,202
28
113
-81
-69
34
689
-127
154
4,921
Total Asia.
12,352
43,254
-18,279
12
9
.
Africa;
Congo
( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
58
V
709
V
-191
27
64
-23,249
65
77
738
612
-41
5
-1
-30
562
94
20
36
39
48
1
441
14
16
16
3
611
-4
8
-83
10
-10
-129
-35
-216
-732
1,361
-2,037
1,058
10
-13
-3
-94
191
-4
44
-109
-36
-337
-628
557
22
58
37
715
10,915
382
686
827
244
-52
34
-6
-322
18
11
19
26
19
213
-61
37
38
-15
3
4/
64
768
5
294
85
353
4/
53
101
32
-278
101
42
-20
-123
39
-177
-39
132
10
20
11
-164
-1
1
-12
-54
19
11
Total Africa
y
y
y
y
214
-356
371
-225
480
-U
-222
Other countries:
Australia
All other 4/
304
800
797
1,826
636
-533
223
-530
191
-69
-259
-78
-19
-93
-40
-84
-351
-36
-193
-107
1,6
2,726
203
932
-339
-32
-97
-133
-65
-337
113
2,424
2,082
4,481
5,959
-115
1,859
426
461
1,242
595
Total other coxintries
^.
International and regional:
International
European regional
Latin American regional...
Total international and
regional
Grand total
1/
u
y
276
311
2,424
2,082
4,481
5.844
1,859
276
426
461
22
1,242
595
201,736
322,714
111,130
197,549
-72,979
-8,191
37,813
21,236
3,700
-25,572
-51,107
Ihrough April 1963, includes Czechoslovakia, Poland and Rumania only.
Through April 1963, "Other Latin American Republics" include only
Bolivia, Dominican Republic, Guatemala and El Salvador; data for other
Latin American republics included with "Other Latin America."
Through 1963, Bahamas and Bermuda are included with "Other Latin America."
4/
y
p
Through 1963, "All other" countries include Morocco and "Other
Africa."
Through 1963, "Total other countries" include "Total Africa."
Preliminary.
Treasury Bulletin
98
.
Table
7.-
CAPITAL MOYEMENTS
Sectlon II - Sinranary by Countrlep
Transactions
In Long-Term Foreign Bonds by Foreigners
Net
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1960
1962
1961
196i
through
March p
1963
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 1/
U. S. S. R
Other Eastern Europe 1/ 2/
Total Europe
Canada,
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics 2/
Bahamas and B'^rmuda
Netherlands Antilles and Surinam.
Other Latin America
ij
^
Total Latin America
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa:
Congo
( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
Other countries:
Austral ia
All other
y
Total other countries t/
International and regional:
International
European regional 1/
Latin American regional iJ
Total international and
regional
Grand total
210
15,307
492
3,305
U,531
-24,056
-981
39,485
263
-7,666
293
1,432
-6,618
441
5
-43,531
500
-35,525
-8,335
-13,838
-14,349
539
-2,156
5,223
-131
13,122
-2,589
-1,943
-123
4,007
-1,147
-3,155
-114
6,029
-500
4,697
-2,051
-10,111
-36,191
606
-37,252
-19,018
-459
9,504
30,920
-23,437
24
2,572
-338
29,212
28
27,579
-15,601
-5,014
3,867
-56,627
-10,899
56,877
10,948
-1,006
-28, 399
2,125
-46,623
-63
3,543
-3,037
56,514
-3
-23,647
484
-2,704
-11
-11
-42,113
-14,774
-4A,018
-209,738
-244,218
-434,047
-744,31 3
5,639
6,884
965
4,068
-6,904
8,934
2,111
901
107
4,086
1,518
408
9,124
3,298
-43,
'=7
5
541
2,349
-5,2U
362
5
-53,049
-30,141
-12,867
-8,465
-U7
-19,622
1,470
-70
-1,933
-2,802
-174
tJ
2,884
-12,638
-1,942
-11,349
-6,326
-12,168
1,631
-9,974
-83,224
-31,018
-34,671
-25,734
-2,042
12
1,046
-63
613
2,812
-55,350
-50,549
4
18
-453
-140
-3,830
-49,149
-94,191
-700
315
1,000
-1,518
-4, 228
-1,068
930
-52
-61,477
-130,363
-39,874
-112,330
-147,484
5
-2,854
704
-2
1,660
-2
24
-48,161
1,507
1,675
-16
-28,413
-8,325
9
-23
1,574
-5,694
3,142
l,f'79
y
1,923
456
y
-50
4
6
-1,792
1,052
2,509
13,060
-177,251
301
y
y
y
-24,147
y
5,557
-11
13,279
9,435
y
y
y
y
y
y
y
y
-43,029
-1,814
-15,280
-19,320
-34,383
-27,320
22,243
5,019
-39,313
-58,741
-48,124
-7,739
-147,831
648
-166, 347
-105,270
8,597
1/
V
-1
y
5,000
-74,285
196i
1963
Country
-147,831
648
-235,632
-96,673
-562,093
-460,433
-943,976
1,095,440
116
-5,952
1,591
953
3,575
5,980
-8
-5,712
-2,593
-3,566
-129
315
7,337
13,055
119
-3,581
-347
October
November
December
January
February p
Siaij
1964
99
CAPITAL MOVEMENTS
.
Section II - Summary by Countries
Table 8. - Net Transactions in Foreign Stocks by Foreigners
(
In thousands of dollars;
negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
1964
through
1963
1962
1961
1960
1964
1963
Calendar year
Country
November
December
1,769
17
52
723
516
-9
-7
2,405
-34
-136
74
8,125
,785
3,234
January
February p
March p
2,562
2,606
March p
Europe;
-13
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe...,
U.S.S.R
Other Eastern Europe 1/.
-922
-315
-23
-4,206
-17,674
-583
-12,517
-87,906
847
121
-23
11,889
-6,312
97
42,147
-28,404
6,881
-202
4,604
-4,340
437
40
-1,918
405
-10,316
-86
25,012
-377
-1,292
123
-251
40
370
30
9,533
21
-4
39
506
28
5
4,370
15
52
170
5,115
46
-2,289
2,173
-27
636
1,945
-33
1,065
-7
127
10,285
46
673
-3,331
-1,617
12,212
953
6
2,977
-56
267
2,943
-5
-1
168
9,561
43
-18
-75
222
490
-1,617
2,194
8,097
5,266
4,350
4,460
3,402
333
111
269
-131
35
238
60
13
1,011
211
12,080
85
5,363
148
7,625
200
-33
7
-62
-16
-123
10,146
-4
-20
in
119
29,992
1
971
15
-15
166
-5,735
91
285
1,864
1
1
13,8
-2,485
-1,020
-334
100
-307
<
Total Latin America
-3,034
-495
-28,590
-12
-63,387
-39,509
-13,747
-494
3,395
-66,074
-491
285
-832
-266
-20,944
-18
4,081
-548
-4,294
-1,765
-180
-16
30
y
608
-13,996
-24
3
-24
-143,717
-5,381
57,267
12,873
29,476
19,364
18,890
18,614
19,763
-74,117
74,254
130,041
29,782
13,605
12,064
14,881
12,051
6,939
10,792
-651
-3,159
-222
-1,246
-356
-1,684
-284
-960
-1
-115
285
330
-52
-23
-45
-47
107
61
94
35
128
-39
163
126
-29
-1
1
-19
5
-7
360
910
396
-91
-1,425
1,385
1,128
-425
172
99
-587
Canada
. .
-31,235
-36,646
-200
-4,049
-71,852
464
108
2,474
1
-75,207
American Republics 2/
Bermuda.
Antilles and Surinam.
America 2/ 3/
-19
-7,832
-1
Total Europe.
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
-176
-6,946
-170
-246,922
-657
99
159
2/
2,060
-25,397
43
492
244
13
8
3
19
-1,357
-62
187
-326
-1,450
-2
796
4
-1 ,162
-250
10
10
104
46
19
-43
162
6
70
-9
-316
9
-21
y
811
y
722
-4,447
555
-6,077
203
-24,207
-27,355
-50
-147
-13
2
-82
-1,127
-486
'504
-47
-8
-1,510
-4,030
-68,958
202
-367
-210
-27
-512
-6
1
-1
76
27
8
-145
-900
-32
297
88
113
15
,706
1
,173
2
188
186
-18
-57
-124
-235
25
12
28
,255
42
105
-109
-939
42
-100
28
40
-43
-6
-110
-311
474
259
-293
-72
-135
7
45
36
-77
46
1
5
-990
-649
-1 ,003
-349
-354
81
-44
-25
43
210
368
-4
-100
1,342
-771
1,443
93
2,074
4
108
642
-806
414
4
-46
-45
-9
5
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
2
Total Asia
48
-744
-6,697
249
-4,319
-22,206
204
-3
-60
42
-66
1
10
-718
-2
-27
-515
3
-74,893
V
-234
4/
y
4
-6
-8,251
4/
2,978
Africa;
Congo (Leopoldville)
15
-27,758
-753
11
-605
3,130
-95
1,343
5
-27
-87
-9
-75
2,980
-67
-79
1,198
537
835
1,217
124
4/
19
55
-67
-352
y
-75
-297
-501
y
Other countries;
Australia
All other 4/
-65
-55
-13,603
-121
-747
-906
403
-4
326
-656
2,869
-13,952
-1,640
201
399
326
785
643
1,056
1,073
785
643
1,056
1,073
^
International and regional:
International
European regional
Latin American regional
Total international and regional
Grand total
y
y
-82,624
-369,954
51,244
-103,882
Rumania only.
Through April 1963, includes Czechoslovakia, Poland and
only_
Through April 1963, "Other Latin American Republics" include
other Latin
Bolivia, Dominican Republic, Guatemala and El Salvador;
American republics included with "Other Latin America."
Latin America.
Through 1963, Bahamas and Bermuda are Included with "Other
^
y
-11
13
15
1
-9
-3
1
Total Africa
y
-75
1
V
y
Total other countries
1,309
2
-11
1
-29
17
2
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
621
296
22
-97
-52
13
-93
155
59
182
162
-4
155
59
182
158
189
30
76
94
200
78
139
30
76
38,847
42,240
34,425
32,257
26,204
28,873
4/
and "Other
Through 1963, "All other" countries include Morocco
5/
p
"Total Africa,
Through 1963, "Total other countries" include
Preliminary.
Treasury Bulletini
ICX)
CAPITAL MOVatENTS
Table 9.
-
Section II - Summary by Countries
Estimated Holdings of U. S. Government Bonds and Notes
(Position at end of period in millions of dollars)
\May
1964
101
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities To Foreigners as of March 31, 1964
1/
(Position in thousands of dollars)
Short-term liabilities payable in dollars
Country
Total
shortterm
liabilities
To foreign banks and official institutions
U.
Total
Deposits 2/
Short-term
liabilities
payable
To all other foreigners
S.
U. S.
Treasury
bills and
certificates
Other
Total
Deposits 2/
Treasury
bills and
certificates
in
Other
foreign
currencies
Europe;
Austria
BelgiuB
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
342 ,161
234,505
264,120
63,468
71,413
244,330
210,216
49,600
361,451
93,815
63,115
124,015
159,297
124,785
296,467
17,428
1,017,475
8,819
43,580
2,722
15,655
98,700
69,347
71,000
28,600
957,438
2,444,536
30,000
350,285
163,890
5,800
18 ,887
339,261
376,038
159,975
106,254
1,359,141
2,817,152
146,311
752,981
271,253
75,197
130,726
192,379
416,650
804,203
17,575
1,219,066
12, 564
355,855
2,814
17,491
10,698,140
9,572,886
3,466,276
2,684,058
2,413,188
375,692
179,092
137,639
181,303
10,769
680,832
91,384
173,365
105,565
615,534
395,285
141,021
79,257
24,850
207,993
93,392
36,999
61
6,056
42,571
25,507
6,241
157,373
162,400
66,711
41,245
13,548
6,282
6,711
1,582
47,346
316,137
147
60,808
2,445
139,681
92
1,775
2,899
29,935
7,931
3,360
50,236
39,666
16,025
30,169
24,683
28,308
61,420
41,804
10,929
145,343
2,034
520,402
927
9,575
256
1,396
5,001,952
1,104,658
1,027,298
1,655,894
707,641
49,653
265,046
52,071
7,083
27,741
2,211
1,215
167,472
85,655
100,631
96,766
9,738
259,329
84,707
91,931
73,743
290 , 566
164,014
74,029
46,720
164,911
85,020
96,849
1,031
421,121
6,676
81,414
31,808
324,967
231,267
66,837
32,436
5,047
148,839
65,651
34,788
83,111
1,031
221,877
6,078
81,018
29,747
303,712
149,070
59,327
17,577
3,778
3,191,588
1,625,514
1,205,604
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
35,748
73,640
54,928
45,921
125,664
2,445,672
123,703
208,927
199,660
408,669
471,966
29,858
39,688
44,234
43,347
121,005
2,423,346
122,031
174,251
191,495
403,636
403,111
29,788
34,732
30,700
18,146
73,904
1,511,576
121,642
160,581
141,210
183,314
290,845
Total Asia
4,194,498
3,996,002
( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
25,846
33,091
42,654
23,547
122,893
Total Africa
Other countries;
Austral ia
All other
S. S. R
Other Eastern Europe
U.
Total Europe
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics...
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America
,
Total Latin America
406 ,183
167 ,951
109 ,636
1,U0 ,801
2,858 ,103
162 ,336
78i ,310
296 ,529
103 ,618
192 ,150
234 .233
427 ,873
985 ,636
19 ,609
1,795 ,541
13 ,491
365 ,957
3 ,135
84, 526
31,500
244,519
191,599
140,783
1,300
172,594
200
2,770
25,779
7,437
3,360
43,009
33,483
16,025
28,599
16,959
27,679
61,076
40
508
1
425
69
210
45
22
3,037
1,735
4,190
4,448
1,424
1,285
1,097
1,304
610
128
121
473
6,420
1,160
3,648
19
216
593
113
4
10,610
2,237
410
45,885
294
36,090
36,754
346,963
56,073
202
885
527
65
27
1
554,697
56,628
415,973
97,956
159,871
66,407
38,768
5,324
20
85
2,541
550
3,625
2,389
100
227
45
9
11
13,196
9,780
1,157
4,052
2,880
3,011
9,515
14,100
382
39,
U6
10,489
88,848
2,014
136,685
927
8,488
256
1,368
30
50
20
157
94, 377
95
1,169
9,619
66,896
3,358
296
200
1,374
14
1,058
250
20
217
43
51
309
U5
9,543
244,964
74,047
90,710
69,266
287,600
160,875
61,382
29,692
16,965
190,867
1,562,716
1,486,201
70
214,910
40,221
101
27,551
231,605
389
13,478
50,285
5,412
72,045
5,890
33,702
9,636
2,574
4,659
22,283
1,672
34,367
8,165
5,033
63,517
5,890
32,032
9,422
2,574
4,639
21,816
1,672
34,316
7,257
5,033
67,130
126
1,261
338
2,596,438
984,638
414,926
196,498
191,781
872
3,845
1,998
23,681
29,169
35,641
22,780
83,737
14,577
28,743
33,984
17,422
55,323
8,600
1,001
4,670
17,115
504
426
656
688
11,299
2,165
3,922
6,871
767
36,809
2,165
2,872
6,770
767
33,655
100
1
142
2,034
1,120
2,347
248,031
195,008
150,049
31,386
13,573
50,534
46,229
2,134
2,171
2
161,792
15,126
156,493
11,891
65,077
7,612
80,484
1,604
10,932
2,675
4,825
3,197
4,733
3,167
176,918
168,384
72,689
82,088
13,607
8,022
7,900
36
4,600,168
19,408
115,011
4,599,623
19,408
114,970
418,741
15,929
36,970
4,103,805
545
445
100
2,500
77,077
3,479
75,500
41
41
4,734,587
4,734,001
471,640
4,106,305
156,056
586
486
11,143,053
1,943,340
3,110,700
2,447,165
120,400
11,000
33,500
669
11,203
229,043
78,844
598
396
2,061
10,255
48,697
6,841
3,656
1,269
17,
880
64
425
86
128
3,132
2,928
450
1
20
14
1
4
155
101
2,388
Asia;
Africa:
Congo
Total other countries
International and regional;
International
European regional
Latin American regional
Total international and regional.
Grand total
1/
2/
25,927,320
22,704,983
9,618,590
For exclusions see headnote on page 88.
Grand total includes $5,818,090 thousand of demand deposits and
$3,800,500 thousand of time deposits but excludes negotiable time
4,500
25,100
19,550
680,165
192
4,956
9,034
250
903
1,050
100
135,746
527,789
102
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of March 31, 1964
1/
(Position in thousands of dollars)
Short-term claims payable in dollars
Total
shortterm
claims
Country
Loans to:
Total
Foreign
banks and
official
institutions
Collections
outstanding
for own
account and
domestic
customers
Other
Short-term claims payable in foreign currencies
Acceptances
made for
account
Deposits of
reporting
banks and
domestic
customers
with
foreigners
Other
of
foreigners
Foreign
government
obligations
and commercial and
finance
paper
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
8 ,056
28 ,379
15 ,280
69 ,139
85 ,050
123 ,101
8 853
93 ,014
42 938
32 ,834
17 ,047
31 ,591
23 ,176
76 ,691
46 178
190 ,525
14 ,146
23 ,006
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
7,692
25,841
13,143
68,960
68,130
100,729
8,767
88,808
32,361
31,937
16,858
30,974
21,785
60,510
46, 177
2,850
4,894
1,629
1,170
5,864
20,048
777
6,113
1,430
13,309
26,823
26,857
167
38,695
5,276
5,916
6,434
6,013
1,041
17,460
42,955
23,945
8,270
1,643
10,432
3,600
5,591
2,988
9,985
6,163
22,872
867
13,843
168
13,149
2,125
586
3,056
12,434
4,537
2,214
22,681
32,384
8,011
26,328
20,635
2,721
3,098
8,541
4,380
11,434
2,353
23,707
1,007
157
5,547
52,255
10,617
21,035
2
364
364
2,193
2,538
2,137
179
16,920
22,372
86
4,206
10,577
897
189
617
1,391
16,181
2,506
1,043
174
15,924
18,281
12
2,145
405
3
612
36
7,050
2,772
15,536
3,098
5,741
9,795
6,764
6,303
78
2,173
1,240
694
406
1,980
2
1
1
13,594
101
108,734
95,646
24
647
24
597
3
3
116
3,131
48
450
6,702
5,223
4,436
13,756
1,234
5
3,984
9,961
871
144
541
1,336
11,612
2,099
17 ,686
81,791
14,122
22,359
48
17,681
946,741
758,673
196,395
165,669
192,553
171,491
32,565
188,068
163,153
2,711
687,811
379,449
47,589
120,399
10,913
32,591
167,957
308,362
36,044
202,833
176 ,481
154 ,696
181 ,784
223 236
16 ,451
496 ,382
49 ,999
109 982
49 ,598
116 ,481
147 274
16,202
25,330
55,062
21,234
54,981
100
133,169
15,637
18,169
3,619
19,104
25,751
20,966
48,322
31,420
31,444
26,140
16,324
35,500
9,090
38,201
6,274
49,359
60,895
990
49,529
1,783
83,609
113,031
952
1,036
2,812
1,255
36,146
30,759
10,134
608
36,115
30,631
9,624
524
27
19
109,612
8,167
41,164
27,331
25,302
47,562
4,601
21,107
264
2,231
1,737
15,301
4,775
72
40 3
62
37
943
33 .9A4
140,335
123,937
171,650
222,628
16,424
481,081
49,989
109,910
49,195
115,538
147,192
33,857
235
2,850
82
87
628
38
77
11 ,885
13 ,789
11,885
13,774
706
3'i3
8,407
65
2,737
10,764
702
1,900
15
1,731,982
1,687,395
368,892
401,594
367,460
512,898
36,551
94, 587
1,673
12,143
25,914
326
30,843
2,376,271
31,319
150,060
9,150
57,584
77,188
1,668
12,106
23,702
326
30,458
2,319,752
31,302
149,777
9,130
1,668
3,469
5,330
204
6,407
785
1,590
4,462
8,668
122
2,901
7,999
489
115
37
35
2,212
1,246
7,810
79,882
10,456
1,513,538
10,211
39,565
346
51,909
385
56,519
17
56,021
17
3,301
283
280
20
64
5,491
5,881
3',, 348
5,607
9
76,836
11,392
77,763
2,352
12,776
29,020
5,439
229,544
9,699
12,209
438
5,523
34,596
2,122
352
57
3^7
2,772,471
2,712,577
595,260
114,720
310,750
1,633,006
58,841
59,894
53,003
Morocco
South Africa
United Arab Republic (Egypt),
Other Africa
805
1,374
16,798
24,157
55,091
805
1,374
16,605
24,143
55,004
210
68
276
155
1,506
135
193
14
14,039
883
15,633
3,220
172
6,236
24,542
1,297
13,927
766
13,068
37
13
Total Africa
93,225
97,931
31,332
15,413
29,653
19,736
1,797
294
191
Other countries:
Australia
Al 1 other
38,787
7,575
32,650
7,255
2,889
151
4,942
1,074
14,964
5,250
9,600
366
255
414
6,137
320
3,606
Total other countries....
46,362
39,905
3,040
6,016
20,214
9,966
669
6,457
3,909
International and regional;
International
European regional
Latin American regional..
820
820
823,311
931,543
2,379,638
657,662
_'''^3,35?
51
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Col ombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin Americar Republics
Bahamas and Bermuda
Netherlands Antilles and
Surinam
Other Latin America
Total Latin America
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
,
Total Asia
Africa:
Congo (Leopoldville)
,
,
Total international and
regional
Grand total
1/
5V
,
520
34, 581
32,551
27,221
181,693
16,831
10,145
9,734
21,736
12,699
4,450
U4,879
820
820
320
6,334,412
5,676,750
1,243,328
360
4>")0
1,823
191
1,874
10
3
400
35
5
16,939
5_
550
82,553
2,465
5
965
150
20
1,135
595
1,364
2
Excludes convertible foreign currencies held by U.S. monetary authorities.
1
293,
1
13
303
209,212
May 1964
103
.CAPITAL MOVMENTS.
Section III - Preliminary Details by Countries
Table 3.- Long-Term Banking Liabilities to and Claims on Foreigners as of March 31, 1964
(Position in thousands of dollars)
Long-term claims payable in dollars
Long-terra
Country
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
Total
long-term
liabilities
Total
long-term
claims
claims
payable in
foreign
currencies
Other
Loans
;
Total Europe
4,000
91?
2,045
25,
U7
32,107
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela.^
Other Latin
Bahamas and
Netherlands
Other Latin
206
22,230
American Republics...
Bermuda
Antilles and Surinam.
America
Total Latin America
22,436
124,110
64, 'S?
50,703
47,069
36,835
140,916
16,363
204,219
5,472
240,011
77,333
51,820
62,782
17,765
722
50,247
124,110
64,737
50,703
47,069
36,335
140,916
16,863
204,219
5,472
240,011
77,333
51,820
62,782
17,765
722
50,247
124,103
64,024
50,703
46,069
36,335
140,913
16,851
194,136
5,472
240,011
76,795
49,246
61,732
16,765
49,047
22
1,200
865
700
7
713
1,000
3
12
10,083
538
2,574
1,000
1,000
881
881
22,696
22,696
881
21,831
25,987
25,987
25,987
1,241,168
1,241,168
1,222,151
19,017
268,958
268,953
267,041
1,Q17
83,528
262,386
25,925
61,069
50,028
191,935
22,946
53,696
594
353,020
18,572
34,994
41,166
28,760
60,736
41,782
3,257
2,969
83,528
262,386
25,925
61,069
594
352,920
18,572
34,994
41,166
28,760
60,736
41,732
3,257
2,969
33,500
70,451
2,979
2,373
594
35,379
42
6,716
75
1,018,758
1,018,658
861,882
1,549
23,271
1,549
23,271
1,549
23,262
81
31
81
26,492
299,979
3,243
103,710
1,842
26,492
299,979
3,243
103,710
1,842
317,541
18,530
23,278
41,091
28,139
57,642
41,780
3,257
2,019
100
621
3,094
2
950
156,776
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
9,000
3,461
31,131
3,461
31,131
26,492
271,573
1,500
98,637
1,842
3,341
29,499
Total Asia
9,050
494,759
494,759
457 776
22, 569
22,157
22,157
14,699
108
78,563
14,699
108
77,919
14,689
77,894
25
644
143
1,056
50
Africa;
Congo
( Leopoldville )
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
500
,
28,406
1,743
5,073
120
1,632
36,983
412
10
108
Total Africa
500
115,939
114,383
114,740
Other countries;
Australia.
All other.
727
66,233
7,409
66,233
7,409
66,006
7,329
227
727
73,642
73,642
73,335
307
3,213,224
3,212,068
2,996,925
215,143
Total other countries
International and regional;
International
European regional
Latin American regional
Total international and regional.
Grand total
80
1,000
27,500
28, 500
93,320
Treasury BuUetini
104
CAPITAL MOVatENTS
Section III - Preliminary Details by Countries
Table 4.- Purchases and Sales of Long-Term Securities by Foreigners During March 1964
Sales by foreigners
Purchases by foreigners
Total
U.
purchases Government
bonds and
notes
S.
Corporate and
other
Bonds
Stocks
Foreign securities
Domestic securities
Foreign securities
Domestic securities
Country
i/
In thousands of dollars)
(
Total
sales
U.
S.
Government
bonds and
notes
Bonds
Corporate and
other
Bonds
Stocks
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U. S. S. R
Other Eastern Europe.
I,i88
9,452
163
953
17,877
10,755
131
6,063
2Z,034
728
2,622
3,057
7,78i
104,860
1,431
3,975
87
35
554
129
247
715
27
62
243
589
34
341
68
1
569
1,967
3,279
2,552
2,294
186
87,801
19,370
17
50,000
71
13
81,683
12,645
6,234
118
4,687
0,225
4,461
51
6
231
2,600
2,791
7,494
20
21
267
35
89
215
3,482
137
953
2,563
1,136
1,863
2,541
13,134
9,151
102
72
413
122
10,503
5,966
143
237
962
533
940
276
4,U3
273,818
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics...
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America
Total Latin America
1
29
5,158
107,772
197
295
5,343
8,893
288
2,694
30
2,937
5
2
24
85
68
1,659
2,024
U5
1,747
12
230
10
12,
10
1,107
1
Total Europe
4,318
11,218
77
1
75
185
',012
12,195
2,659
826
2,206
2,280
111,999
6
6
Canada
13
573
11
538
69
5,274
1
3
161
3,415
8,762
545
787
1,874
145
101,819
19
86,273
10
3,988
4
,214
165
1,515
4
2,771
1,533
2,045
15
60
473
5,617
5,851
1,035
3
26,632
184,536
27 , 507
29,238
282,727
13,163
7,683
228,104
24,302
99,525
6,632
38,547
7,585
34,639
113,970
30,856
12,500
37,951
8,816
1,951
1,853
22
26
1,693
1,110
765
796
213
644
18
68
118
2,393
1,343
751
930
25
2,816
4,886
563
3,165
3,082
1,527
1,732
13,423
402
16
2,171
1,200
681
900
159
25
62
1,560
44
4,U1
25
50
227
174
17
38
14
359
310
2,948
2,126
1,206
12,223
184
276
20
110
852
230
275
460
363
39
906
980
12,960
2,629
646
6,941
483
5,905
885
1,099
28
2,684
27
8
4,396
102
5
585
20
6
2,435
3,378
1,492
2,975
5,592
77
10
132
28
818
15
76
560
29,913
218
1,159
2
87
24''
56
1,620
4,065
543
1,930
2,467
1,053
2,503
4,201
769
171
287
53
11
529
31
23,281
4,046
1,209
39,038
9,058
61
443
7,740
483
34
34
245
720
31
422
5,930
331
198
296
5
1
9
9
89
51
22
112
45
41
32
1
5
331
815
244
97
86
63
379
195
102
50
430
397
2,7U
3
20
1
Asia:
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines.
Taiwan
Thailand
Other Asia
.
10
3
10,469
907
33
34
380
104
487
1,779
125
25
6
121
.
51
12
Total Asia.
2,767
23
101
12
2,531
15,662
48
1,136
12,411
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa.
Other countries:
Australia
All other
Total other countries.
International and regional
International
European regional
Latin American regional .
17
17
48
403
296
43
12
100
1,048
1,019
18
382
25
388
1,146
742
^91
1,310
358
121
337
1,022
458
1,023
930
1,904
32
653
7
61
58
474
5,202
6_
25
366
4,894
2
3,263
11,353
4,976
7
61
40
473
5
"16"
165
73
1
3,166
37
20
25
1
296
344
1,668
51
51
33
34
329
183
964
234
200
319
26
165
563
200
345
94
354
335
19
335
19
312,012
40,747
1
:
U
40
.
Total international and regional..
Grand total.
14
40
5,256
426,988
1/ For exclusions see headnote on page 88.
2,242
2,24.2
18,385
37,
930
1,918
94
354
260,905
43,518
66,372
455,738
45,150
21,343
\
1964
Maij
105
.CAPITAL MDVmENTS.
Table
1.-
Section IV - Supplementary Data by Countries
Short-Term Llabilitiep to and Clalme on Foreigners Reported by Nonfinancial Concerns
i/
(Position at end of period in thousands of dollars)
Country
Europe
Austria
:
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe /J...
•
_•
U.
S.
S.
R
Other Eastern Europe 4/i/.
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
American Republics 6/
Bermuda
Antilles and Surinam.
America 6 7/
Total Latin America
Asia
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines. .
Taiwan
Thailand
Other Asia
:
.
Total Asia
Africa:
Congo (Lecpoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
Other countries:
Australia
All other 8/
Total other countries 2/
International and regional:
International
European regional
Latin American regional
Total international and regional
Grand total
1/
2/
mercial firms,
and comme
As reported by exporters, importers, industrial
Data exclude
States.
and other nonfinancial concerns in the United
intercompany accounts
claims held through United States banks, and
affiliates.
between United States companies and their foreign
I960 to enlarge
Under a continuing program instituted at the end of
concerns, aata are
coverage and to improve reporting by nonfinancial
for the
included from a number of firms reporting
,^^ °^
30, 1962 (fifth
as of June ^^^^^^^f
March 31. 1962 (fourth revised series),
and as
series
revised
(sixth
1962
31,
December
reused series) as of
Changes in liabilities and
series).
revised
(seventh
of^rch 3l' 1963
comparable
quarter-ends can thus be computed based on
claSsbetwUn
coverage.
106
Treasury Bulletin
CAPITAL MOVEMENTS
Supplementary Data by Countries
^^
I
<ihnr* T-..
f . K..f!?**°"
Table 1.Short-Tern,
Liabilities to and Claims on Foreigners
Reported by Nonflnancial Concerns
(Position at end of period in thousands
of dollars)
Claims on foreigners
Fourth revised series 2/
Country
Fifth revised series 2/
1962
March
Europe
Austria
1962
June 2/
June 2/ September December
Sixth revised series
2/
1962
December
;
3,i59
26,i76
5,776
2,303
Belgixim.
Denmark
Finland
France
Germany
Greece
Italy
../......
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe Z/.
u. s. s. R
...7....;
Other Eastern Europe
1/ y]
Total Europe
100,731
3,014
51,366
35,^8
9,751
6,818
12,135
20,598
26,977
5,126
192,591
2,172
4,036
173
2,327
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
4,512
25,177
7,632
2,891
42,827
129,993
4,381
67,144
46, 811
12,387
6,881
16,138
23,341
26,256
5,359
177,513
2,283
4,813
184
2,058
3,881
27,133
5,818
4,172
49,052
106,394
5,684
62,332
37,086
13,208
5,665
15,136
25,407
33,402
6,497
244,533
2,281
4,166
171
1,348
6,196
24,302
8,059
2,
51,192
115,579
4,707
30,822
14,976
5,975
19,545
15,227
27,912
3,709
226,929
2,817
5,001
807
1,553
6,227
24,377
8,091
2,903
51,367
117,146
4,732
78,331
31,103
14,996
5,977
19,716
15,306
28,348
3,764
237,673
2,858
5,018
807
1,553
i51,bl^
551,179
608,581
653,366
bU'iM'i
660,293
3,195
678,327
724,449
823,803
130,
^"29
751,835
36,197
60,239
21,187
13,122
5,265
41,675
9,071
13,725
4,073
44,243
12,969
2/
2,046
29,436
33,704
58,631
20,558
13,767
5,733
41,387
9,643
12,122
4,212
38,285
15,759
31,807
90,277
25,287
16,804
6,093
52,844
9,698
22,808
5,348
38,066
17,654
1/
2,169
42,975
32,882
105,713
24,715
15,197
6,055
55,738
13,095
19,964
5,936
32,912
19,693
1/
6,089
UU,U1L
33,666
106,241
24,899
15,413
6,065
56,852
13,362
19,990
6,112
33,159
19,948
7/
6,089
44,604
:
[
V
American Republ
Bermuda
Antilles and Surinam
America b/ 7/
Total Latin America
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
293,248
15
'.'.'.'.'.'.'.'.'.'.'.[['.
.
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
]
Total Asia.
Africa;
Congo ( Leopoldville)
Morocco
'/
South Africa
United Arab Republic' (Egy^t)
Other Africa.
Total Africa.
Other countries ;
Australia
All other 8/
..'..'.
Total other countries
2/.
International and regional;
International,
European regional
Latin American regional
Total international and regional.
Grand total
2/
4,195
21,762
6,662
2,485
37,355
118,153
3,837
59,809
43,193
11,830
6,622
14,309
22,250
23,165
3,811
164,956
1,548
3,430
172
1,635
Beginnir-;
68,167
23,936
16,337
5,831
52,176
10,612
14,189
4,580
44,455
17,199
1/
1/
2,935
31,281
3,122
39,168
287,987
336,239
361,830
382,463
136
3,115
24,234
2,395
10,353
43
4,316
33,661
2,523
11,544
111,556
3,344
9,846
3,065
3,978
35,881
21
21
4,371
38,354
2,828
9,638
119,313
3,675
10,754
3,393
5,432
33,357
4,375
38,927
2,831
9,672
122,899
3,789
11,030
3,397
5,432
33,476
3,978
15,439
2,506
10,643
100,405
2,300
5,340
3,002
2,619
30,018
9,U9
139
3,494
44,371
2,572
13,985
100,749
3,093
10,797
3,518
2,743
37,229
4,568
3,379
40,527
176,265
192,008
227,674
219,757
231,136
2 35,849
2,694
2,454
2,517
8/
9,639
17,113
2,613
3,448
3,U8
10,253
12,718
10,393
9,760
10,445
9,764
2/
95,938
2,928
5/
8/
8/
8,155
14,778
8/
8,806
14,552
3/
3/
8/
2/
2/
2/
2/
2/
25,011
13,u21
22,607
17,425
25,350
22,151
24,239
26,565
25',411
64,259
65,854
lb,ll')
76,383
73,239
445
352
360
822
730
445
352
360
1,701,091
1,775,707
1,974,078
^^^^ ^^'^}^&<^ liabilities to and claims
'
on"associated f„rf""^ ^''f
enterprises" (10-25$ ownership by
reporting firms Teat
'!!'^ ^'^"^^ "hich'subsequently'ha
b ;n
'r
°' ^°'^'""'^
A-™"*^ e>==l"ded as of June 30,
"i
"«''"""=
""^
»30,814
thousand
in claims
Sroigh Lroh'l9l3^°0?her
Western Europe" may include
^' °'^"S'^ i"
1
=„rf
and claims
on some Eastern European
countries.
ein^ f
f
rlpS^ted^riL'S "'f
I9I2 'ere 49 78^^b
386,400
^,227
730
2,
061,792
-
(Con.,
hiaij
107
1964
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYRE ACTIVITIES.
The current financial statements of corporations and
certain other business-type activities of the United States
Government which appear In the "Treasury Bulletin" beginning
with the August I956 Issue are coitplled from reports submitted to the Treasury under Department Circular No. 966,
Issued January 30, I956, and Supplement No. 1, Issued June
1
The regxilatlons so Issued are pursuant to Section
of the Budget and Accounting Procedures Act of I550
U.3.C. 66b), and represent another step In the program
1956.
114-
(31
and
of comprehensive and Integrated Government accounting
financial reporting for which authority was provided In
They supersede Budget-Treasury Regulation No. 3,
that act.
Issued under Executive Order No. S512 of August I3, Ij'^O.
March 3, IS^S,
as amended by Executive Order No. 90S^ of
under which financial statements previously published In
the Bulletin were submitted.
In coverage, Department Circular No. 966 requires
owned and
submission of financial statements by all wholly
Inmixed-ownership Government corporations specifically
amended
the Government Corporation Control Act, as
cluded In
(31 U.S.C. S16,
256);
sjid
all other activities of the Gov-
businessernment operating as revolving funds for which
fund budgets
type public enterprise or Intragovemmental
activities
Other
Budget.
the
of
Bureau
the
by
required
?,re
functions are
and agencies whose operations, services, or
of
a revenue-proprimarily
or
self-liquidating
largely
whose operations
ducing nature, and activities and agencies
InInventories,
substantial
of
accumulation
result in the
other recoverable assets, may be brought
vestments and
systems are
under the regulations as agency accounting
of furnishcapable
are
they
where
developed to the point
ing;
the flntjiclal reports required.
are called for by
Four kinds of financial statements
of finanstatements
are
They
Department Circular No. 966.
application
and
source
expense,
cial, condition, income and
The
and contingencies.
of funds, and certain commitments
statements of financial condition are published quiirterly
The first
and appear as Section I In the series of tables.
3I,
March
for
1956, and
are
cata under the new regulations
were presented In the August I956 Bulletin. Statements of
Income and expense and source and application of funds are
published semiannually, for June 30 and December 3I reportof
ing dates, and appear as Sections II and III. The first
these statements under the new regulations cover the fiscal
year 1956, and was publlsheo In the January 1957 Bulletin.
Within the sections, the agencies are grouped In separate
tables by type, as follows: public enterprise revolving
other
funds, intragovemmental revolving funds, certain
funds.
revolving
trust
and
funds,
deposit
activities,
1 added to the coverage by Including
and activities not reporting under
agencies
all executive
No.
966, but required only a statement
Department Circular
These are
as of June 30.
annually
condition
of financial
Supplement No.
which had
mainly not business-type activities, and those
provide
to
procedures
accounting
not yet developed formal
authorized
were
statements
of
balance sheet types
complete
the suptemporarily to report only the asset side. Thus
propon
Infonr.atlon
the
for
plement rounds out provision
the
which
Government
States
United
erties and assets of the
on
Treasury has been asked to furnish to the Cominlttee
a
for
Representatives,
of
Government Operations, House
The first
continuing study of the assets of the Government.
for June
Is
No.
Supplement
1
comprehensive reporting under
December
1957
the
in
published
30, 1957, and the data were
I.
Section
hIn
Table
issue of the Bulletin as Part B of
series of dates
A summary of loans outstanding for a
bepresentation
the-Bulletln
is included In Section I of
of
classifications
Two
ginning with the June 195S issue.
Data
agency.
by
one
and
the loans are shown, one by type
reporting requireprior to 1956 are based on the earlier
of Government
ments, which provided for complete coverage
lending agencies.
Treasury Bulletin
108
.C0RPORAa?IONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
II
- Income and Expense for the Six Months Ended December 31, 1963
Table 1.- Summary by Specified Classes of Activities
(In thousands of dollars)
Account
109
Mali
1964
.COEPORATIOHS AND CERTAIN OTHEai BUaiNKSS-TSPE
Section
II
-
Income and Expense for the Six Months Ended December 31,
Table 2.- Public Enterprise Revolving Funds
(In thousands of dollars)
Account
INCOME AND EZFEHSE
Income:
Sales of goods and services
Interest!
On public debt securities
Other interest income
Giiaranty and Insurance premiums
Other major income items
Other income
Total income
Expense!
Direct cost of goods and services sold
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-) > or decrease, in!
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense!
Interest on borrowings from the U. S
Treasury
Other
Other ma j or expense items
Miscellaneous expense
Total expense
Other gains, or losses (-)!
•
Charge-off s
assets
Gain, or loss (-) , on sale of fixed
assets
other
Gain, or loss (-) , on sale of
Other
y
Total other gains, or losses (-)
change in
, before
Net income, or loss (-)
valuation allowances
Increase (-) , or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
Net increase (-) , or decrease, in
allowances for losses
period
Net income, or loss (-) , for the
Charges (-) , or credits, applicable to
prior years
to
Net income, or loss (-) , transferred
accumulated net income, or deficit (-)
CHANGES IN ACCUMULATE
NF.T
INCO ME OR DEFICIT
year
Balance at end of previous fiscal
••••
Net income, or loss (-)
profits
Capital transfers of earnings or
to the U. S. Treasury (-)
Other
Balance at end of reporting period
Footnotes at end of Section III.
ACTIVmES.
(Continued on following page)
1963
110
Treasury Bulletin
.COEPORATIOKS AHD CERTAIN OTHER BOSmESS-TTPE PCTITTnES.
Section
Income and Expense for the Six Months Ended December 31,
Table 2.- Public Enterprise Revolving Funds - (Continued)
II
-
(In thousands of dollars)
1063
May 1964
111
.COBPOEATIOHS AHD CERTAIN OTHER BUSIHESS-TyPE ALTiViTlbS.
Section
II - Income and Expense for the Six Months Ended December 31, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Commerce Department
-
(Continued)
Federal ship
mortgage
insurance
fund
Vessel
operations
revolving
fund
HEW Department
Defense Department 7/
Maritime Administration
Air Force
Department
War risk
insurance
revolving
fund
Army
Department
Navy
Department
Food and Drug
Adniinistration
Revolving fund
for certification and other
services S/
Defense production guaranties
INCOME AND EXPENSE
Income :
Sales of goods and services
Interest:
On public debt securities
Other Interest income
Guaranty and insurance premiums.
Other major income items
Other income
25
296
51
124
41
109
124
41
1,026
532
2,242
Expense
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-) » or decrease, in:
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S.
Treasury
Other
Other major e'xpense items
Miscellaneous expense
2,688
32
916
16
17
43
26
19
26
19
22
1,012
243
191
Other gains, or losses {-):
Charge-off s
Gain, or loss {-) , on sale of fixed assets
Gain, or loss (-) , on sale of other assets
Other
2,215
16
1,037
-211
-151
-3
-155
Total other gains, or losses (-)
before change in
Increase (-) , or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
S6
65
873
Total expense
,
57
1,766
Total income.
Net income, or loss (-)
valuation allowances
1,107
1,127
31 =
93
-5,254
316
93
98
-5,254
316
93
93
9,933
-5,254
18,553
316
3,247
93
14,395
98
4,680
18,869
3,340
14,493
2,051
-188
274
-188
274
-7,30i
,
,
Net increase (-) , or decrease, in
allowances for losses
Net income, or loss (-) , for the period.
Charges (-) , or credits, applicable to
-7,304
prior years
Net income, or loss (-) , transferred to
accumulated net income, or deficit (-).
274
70
5,517
-188
11,281
274
665
70
5,329
11,555
735
CHANGES IN ACCUMULATED NET INCOME OR DEFICIT
Balance at end of previous fiscal year
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
Balance at end of reporting period.
Footnotes at end of Section III.
(Continued on following page)
Treasury Bulletin
112
-CORPORATIONS AND CKRTAIN OTHER BUS3HESS-TYFE
Section
II - Income and Expense for the Six Months Ended December 31,
Table 2.- Public Enterprise Revolving Funds - (Continued)
1963
(In thousands of dollars)
HEW Department - (Continued)
Account
Public Health
Service
Social Security
Administration
Operation of
commissaries,
narcotic
hospitals
Bureau of
Federal Credit
Unions
Interior Department
Bureau of Indian Affairs
Revolving
fund for
loans
Liquidation
of Hoonah
housing
project
Office of
Territories
Alaska
Railroad
Loans to
orivate
trading
enterprises
Alaska
railroad
revolving
fund
Bureau of
Mines
Development
and operation
of helium
properties
INCOME AND EXPENSE
Income:
Sales of goods and services
Interest:
On public debt securities
Other interest income
Guaranty and insurance premiums
Other major income items
Other income
Total income
114
201
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S.
Treasury
Other
Other major expense items
Miscellaneous expense
Total expense
12,Z47
15
2,170
115
Expense:
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-) » or decrease* in:
Work-in-process
Finished goods
Other operating expenses
7,7A8
2,170
190
48
7,953
12,295
704.
852
1,688
82
3,923
1,164
-5
60
36
1
9
2,169
1,234
399
962
468
752
J^
119
2,197
-3
-27
201
_5i0_
7.518
-27
201
526
7,518
7.42?
4,777
Other gains, or losses (-):
Charge-off s
Gain, or loss {-) , on sale of fixed assets
Gain, or loss {-) , on sale of other assets
Other
Total other gains* or losses {-)
Net income, or loss (-)
,
before change in
valuation allowances
Increase (-) , or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
Net increase {-) , or decrease, in
allowances for losses
Net income, or loss (-) , for the period
Charges (-) , or credits, applicable to
prior years
Net income, or loss (-) , transferred to
accumulated net income, or deficit {-)
-1
-3
-27
201
50
1,362
-27
-4,679
-106
29
-3
201
1
4
47
1,336
-4,478
-105
472
7,517
1,088
472
22,597
7,517
1.560
>3.114
CHANGES IN ACCUMULATED NET INCOME OR DEFICIT
Balance at end of previous fiscal year
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
Balance at end of reporting period
Footnotes at end of Section III.
(Continued on following page)
_31.
May 1964
r.nv
Treasury Bulletin
lU
.CORPORATIONS AKD CERTAIR OTHER BOSINESS-TTPE ACTIVITIES.
Section
II - Income and Expense for the Six Months Ended December 31,
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
1963
I
May 1964
116
May 1964
.COKEORATIOHS AND CERTAIH OTHEE BDSIRESS-TTEE AJi lVlTlhS .
'
Section
II - Income and Expense for the Six
Months Ended December 31, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousanda of dollars)
Housing and
Home Finance
Agency-(Cont.)
Public
Housing
Administration
Account
INCOME AND EXPENSE
'!
Income:
Sales of goods and services
Interest:
On prublic debt securities...
Other interest income
Guaranty and insurance premluma
Other major Income items
Other income
1,998
Total income
2»?33
467
I
Expense:
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-) , or decrease* in:
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest e3q>ense:
Interest on borrowings from the U. S,
Treasury
Other
Other major expense items
Miscellaneous expense
,
,
on sale of fixed assets
on sale of other assets
Total other gains, or losses (-)...
Net income, or loss (-)
,
before change in
valuation allowances
Increase (-)
for losses:
,
984
320
102
Total expense
Other gains, or losses (-):
Charge-off s
Gain, or loss (-)
Gain, or loss (-)
Other
260
65
7,709
93,083
or decrease, in allowances
Allowance for losses
Allowance for losses
or collateral
Allowance for losses
Allowance for losses
Other
on loEins
on acquired secvirity
on fixed assets
on inventories
Net increase (-) , or decrease, in
allowances for losses
Net income, or loss (-) , for the period
Charges (-) , or credits, applicable to
prior years
Net income, or loss (-) , transferred to
accumulated net income, or deficit (-)
CHANGES IN ACCUMULATED NET INCOME OR DEFICIT
Balance at end of previous fiscal year
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
Balance at end of reporting period
Footnotes at end of Section III.
Treasury Bulletin
118
.COKPORATIONS AHD CERTAIH OTHER BUSIHESS-TYPE ACTIVITIES.
Section
II - Income and Expense for the Six Months Ended December 31, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Veterans' Administration
(Continued)
Veterans
Account
Maij
l%4
r.nvi
Treasury Balleth
120
.CORPORATIONS AND CKRTAIN OTHER BDSINESS-TYFE ACTlViTJiS-
Sectlon
II
-
Income and Expense for the Six Months Ended December 31,
Table 3.~ Intragovernmental Revolving Funds
1963
(In thousands of dollars)
Legislative
Branch
Account
Total
1/
Governraent
Printing
Office
INCOME AND EXPENSE
Income:
Sales of goods and servi ces
Interest:
On public debt securities
Other interest income
Guaranty and insurance premiums
Other major income items
Other income
68,113
^,131
3,V_2
2,i95,9U
Total income
Expense:
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-) » or decrease, in:
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S.
Treasury
Other
Other ma j or expense items
Miscellaneous expense
1,A37
233
Total expense
2,460,809
Other gains* or losses {-):
Charge-off s
Gain, or loss (-) , on sale of fixed assets
Gain, or loss {-) , on sale of other assets
Other
-10
-lU
A
330
209
Total other gains* or losses (-)
Net income, or loss (-)
2,^91,305
,
before change in
valuation allowances
Increase (-) , or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
Net increase {-) , or decrease, in
allowances for losses
Net income, or loss (-) , for the period
Charges (-), or credits, applicable to
prior years
Net income, or loss (-) , transferred to
accxunulated net income, or deficit (-)
CHANGES IN ACCUMULATED NET INCOME OR DEFICIT
Balance at end of previous fiscal year
Net income, or loss {-)
Capital transfers of earnings or profits
to the U. S, Treasury {-)
Other
Balance at end of reporting period
Footnotes at end of Section III.
35,311
,
!
33
-a
_2J^
35,335
1,788
37,123
Agency for
International
Development
Acquisition
of property
revolving
fund
Agriculture Department
Agricultural
Research
Service
Working
capital
fund
Forest
Service
Working
capital
fund
Working
capital
fund
4ay
[964
121
.CORPORATIONS AHD CERTAIH OTHER BOSIHESS-TTPE ACnVITIES.
Section
II - Income and Expense for the Six Months Ended December 31,
Table 3.- Intragovemmental Revolving Funds - (Continued)
(In thousands of dollars)
INCOME AND EXPENSE
icome
Sales of goods and services
Interest:
On public debt securities
Other interest income
Guaranty and insurance premiums.
Other ma j or income items
Other income
Total income
icpense:
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-) » or decrease » in:
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U.
Treasury
S.
'
Other
Other major expense items
Miscellaneous expense
Total expense
gains , or losses (-):
Charge-off
Gain, or loss (-) , on sale of fixed assets
Gain, or loss {-) , on sale of other assets
Other
)ther
Total other gains, or losses (-)
income, or loss (-)
valuation allowances
[ncrease (-)
for losses:
,
before change in
,
Jet
or decrease, in allowances
Allowance for losses
Allowance for losses
or collateral
Allowance for losses
Allowance for losses
Other
..on loans
on acquired security
on fixed assets
on inventories
Net increase (-) , or decrease, in
allowances for losses
Net income, or loss (-) , for the period
Charges (-) , or credits, applicable to
prior years
Net income, or loss (-)
,
accumulated net income
,
transferred to
or deficit (-J....
DEFICIT
CHANGES IN ACCUMULATETl NET INCOMF. OR
Balance at end of previous fiscal year
'"
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
Balance at end of reporting period
Footnotes at end of Section III.
(Continued on following page
1963
Treasury BuUetii
122
.COEPORATIOHS AHD CERTAIH 0THE3? BUSmESS-TTFE ACTIVITIES.
Section
II -
Table
I
May 1964
123
-COKPORATIONS AND CERTAIK OTHER BUSMESS-TYPE ACTIVITrES.
Section II - Income and Expense for the Six Months Ended December 31, 1963
Table 3.- Intragovernmental Revolving Funds - (Continued
(in thousands of dollars)
Treasury Bulletin
124
.COBPORATIORS AHD CERTAH? OTHKR BUSHJESS-TyPE ACTIVITIES.
Section
II
-
Income and Expense for the Six Monthp Ended December 31,
Table 4.- Certain Other Activities
(In thousands of dollars)
1963
May 1964
125
.CORPORATIONS AND CERTAIN OTHER BUSHtESS-TYPE ACTIVITIES.
Section II
-
Income and Expense for the Six Months Ended December 31, 1963
Table 4.- Certain Other Activities - (Continued)
(In thousands of dollars)
Treasury
Department
Interior Department
Account
Bonneville
Power
Administration
Southeastern
Power
Administration
Southwestern
Power
Administration
Miscellaneous
loans and
certain other
assets
General
Services
Administration
Public Uorks
Administration (in
liquidation)
INCCME AND EXPENSE
Income:
Sales of goods and services
Interest:
On public debt securities
Other interest income
Guaranty and Insurance premiums.
Other ma jor Income items
Other income
37,880
Total income.
iO,i95
11,363
8,937
7,673
5,387
1,518
6,456
423
11,363
8,937
472,382
2,615
1
9
762
1,944
474,326
Expense:
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-), or decrease, in:
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S.
Treasury
Other
Other ma jor expense items
Miscellaneous expense
Total expense
3
91
1
-151
5,133
25,000 25/
i3,194
1,611
6,729
9,751
2,208
474,326
762
-2,706
9,751
2,208
474,326
762
-2,706
Other gains, or losses (-):
Cliarge-of f s
Gain, or loss (-), on sale of fixed asseti
Gain, or loss (-), on sale of other asset;
Other
Total other gains, or losses (-)
Net income, or loss (-), before change in
valuation allowances
Increase (-), or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on Inventories
Other
Net increase (-), or decrease, in
allowances for losses
Net income, or loss (-), for the period.
Charges (-), or credits, applicable to
prior years
Net income, or loss (-), transferred to
accumulated net income, or deficit (-).
CHANGES IN ACCUMULATED NEI INCOME OR DEFICI T
Balance at end of previous fiscal year....
Net income , or loss (-).....
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
Balance at end of reporting period.
Footnotes at end of Section III.
-78
52
2,130
76:
9,753
474,326
-2,65i
22,955
-2,65i
156,006
9,753
34,9U
826,330
474,326
762
20,301
165,759
37,074
2,130
-484,464
816,192
Treasury Bulletin
126
;
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
II
-
Income and Expense for the Six Months Ended December 31, 1963
Table 5.- Certain Deposit Funds
(In thousands of dollars)
Hay 1964
127
-COEPORATIONS AND CERTAIN OTHKR BUSINESS-TYPE ACTIVITIES.
Section
II
-
Income and Expense for the Six Months Ended December 31,
Table 6.- Certain Trust Revolving Funds
1963
(In thousands of dollars)
Defense
Department
Army
Department
Total
26/
United States
General
Services
Administration
Soldiers' Home
revolving fund
National
Archives
trust fund
64
249
Housing and
Home Finance
Agency
FNMA
Secondary
market
operation?
Federal
Communications
Commission
Civil Service Commission
Employees'
health
benefits
fund
Employees'
life
809
,399
insui-ance
fund
Retired
erapl
oyeee'
health
benefits
fund
International
telecommunication
settlements
INCCME AND EXPENSE
Income;
Sales of goods and services
Interest:
On public debt securities
Other interest Income
Guaranty and insurance premiums.
Other ma jor income items
Other income
285,220
3,16^
Total income
351,067
31i
7,2i9
55,720
36
2
55,720
3,084
3,156
189,984
77,735
S_
14,321
61,997
190,794
44,142
14,323
3
1
1
3,270
2,319
705
123
123
8U
19,344
12,171
182,677
59
86--
14,201
54,372
183,385
59,994
7,625
7,408
24,148
6,550
7,403
24,148
6,550
7,408
24,148
61,739
6,550
39,831
317,622
24,148
64
Expense:
Direct cost of goods and services sold:
Cost of commodities sold
251
95
58
Materials applied
Uages and salaries applied
Other applied expenses
Increase (-), or decrease, in:
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U, S,
Treasury
Other
Other ma jor expense Items
Miscellaneous expense
6
39,
206
206
7
2
269,011
,
95
38
312,455
Total expense
64
220
14,324
Other gains, or losses (-):
Cliarge-offs
Gain, or loss (-), on sale of fixed assets
Gain, or loss (-), on sale of other assets
Other
-25
Total other gains, or losses (-)
-25
-25
Net Income, or loss (-), before change in
39,187
valuation allowances
Increase (-), or decrease, tn allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
,
Net increase (-), or decrease, in
allowances for losses
Net income, or loss (-), for the period.
Charges (- ), or credits, applicable to
prior years
Net income, or loss (-), transferred to
accumulated net income, or deficit (-).
CHANGES IN ACCIMULATED NET INCCME OR DEFICIT
Balance at end of previous fiscal year
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
Balance at end of reporting period
Footnotes at end of Section III.
-1,075
-1,075
-1,075
38,112
1
38,112
i20,007
38,112
497
7
-3,569
-3,569
454,550
504
7,408
250
-1
67
128
pn-RPopaTTONR Aim
Section III
-
fiiiim-AiN
(vmwu wiRTmrsR-'Fvn
Source and Application of Fundf? for the Six M<
Table 1.- Summary by Specified Classes of
(In thousands of dollars)
May 1964
129
CORPORATIONS AND CERTAIN OTHER BUSINESS -T^ffE
ACTIVITIES.
Section III
-
Source and Application of Funds for the Six
Months Ended December 31, 1963
Table 2.- Public Enterprise Revolving Funds
(In thousands of dollars)
Agency for International Development
Account
Total
V
Alliance for
Progress,
development
loans
Development
loans
41,954
275,880
Development
loan fund
liquidation
accoxint
Agriculture Department
Foreign
investment
guaranty
fund
Commodity
Credit
Corporation
Federal
Crop
Insurance
Corporation
2/
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
,,.,...
,,,,
Cost of security or collateral acquired..
Purchase, construction, or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
3,912,05i
340,999
2,013,343
55,422
100,248
45
17,283
263,751
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
i, 634, 336
Total funds applied to operations
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
115,904
209
41 ,954
275,880
115,904
4,856,784
69,207
2,276
215
926
3,640
9,560,327
44,229
277,020
119,545
1,947,705 27/
48,076
1,117
2,068,977
45
1,606,717
31,319
826
3,675,695
32,190
435,029 27/
30,827
54
13,974
93,644
3,950
30,827
54
438,979
2,180
26,394
2,700
4
885,426
183,112
30,597
1,085
2,180
57,222
2,758
1,507,516
30,597
3,102,691
43,145
274,840
62,323
-2,707
2,168,179
1,593
4,573,030
4,075,419
185,000
475,000
2,699,400
3,247,000
6,978
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
2,104,515
3,978,049
375,071
1,085
Total funds provided by operations
6,457,635
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
FUNDS PROVIDED BY FINANCING
Increase in investment of the U, S.
Government:
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U. S. Treasury
Other
Total increase in Investment of the U, S.
Government
Increa se In other borrowings
Decrease in Investment holdings
Decrease in selected cash and fxmd balances
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S.
Government
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S.
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
Total decrease in Investment of the U. S,
Government
Decrease In borrowings from the public
Increase in Investment holdings
Increase in selected cash and fund balances
Total funds applied to financing
Net effect of financing (excess of funds
applied (-), or provided)
Footnotes at end of Section.
37
37
5,648,487
185,000
475,000
185,000
475,000
5,946,40c
7,015
301 ,967
58,611
504,858
9,513,923
101,089
24,779
101,089
5,971,179
7,Q15
3,°O3,lX''0
4,775,857
2,840
85,481
38,766
38,766
2,421
4,905,364
131,781
92,179
1.281.907
3,833,000
38,766
141.855
200.160
2.707
2.707
6,411,232
141,355
200.160
33,766
3,102,691
43,145
274,840
62,323
(Continued on following page)
^,',22
3.803.300
5.422
2,168,179
1,593
130
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
Source and Application of Funds for the Six Months Ended December 31, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
J
May 1964
131
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE
ACTIVITIES.
Section III
-
Source and Application of Funds for the Six Months Ended December 31,
1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Coimnerce Department - (Continued)
Account
Inland
Waterways
Corporation
(in liquidation) 6/
Maritime Administrati on
Federal ship
mortgage
insurance
fund
FUNDS APPLIED TO OPERATIONS
i
licqulsition of assets:
Loans made
Cost of security or collateral acquired.,
Purchase, construction, or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
I
I
7,813
1,771
I
Total acquisition of assets
hjperating and other expenses (excluding
depreciation)
ibjicrease in selected working capital
9,583
funds applied to operations
9,774
I
191
I
ilTotal
FUNDS PROVIDED BY OPERATIONS
i
I
lealization of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
354
enterprises
Other
Total realization of assets
jcapital stock issued to the public
•
Income
Decrease in selected working capital
354
I
55
:
ITotal funds provided by operations
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
75."
2,242
766
807
-800
FUNDS PROVIDED BY FINANCING
Increase in investment of the U, S,
Government
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U. S. Treasury
Other
Total increase in investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S.
Governrent
Approp. lations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S.
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Trea sury
General and special fund revenues
deposited
Other
Total decrease in investment of the U. S.
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fxmd balances
Total funds applied to financing
Net effect of financing (excess of funds
applied (-), or provided)
Footnotes at end of Section.
5,100
5,100
1,385
2,OiO
2,0i0
6,485
2,8i0
2,8i0
73
2,8^0
73
-300
6,412
Vessel
operations
revolving
fund
Treasury Bulleti\
132
p.nR
May lyo-^
133
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
r
Section
HI
-
Source and Application of Funds for the Six Months Ended December 31, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Interior Department - (Continued
Alaska
Railroad
Account
Alaska
Railroad
revolving
fund
Bureau of
Mines
Development
and operation
of helium
properties
Bureau of Commercial Fisheries
Federal ship
mortgage
insurance fund,
fishing vessels
Fisheries
loan fund
Bureau of Reclamation
Fund for emergency expenses,
Fort Peck
project, Mont.
Upper
Colorado
River Basin
fund
Virgin
Islands
Corporation
FUMDS APPLIED TO OPERAIIONS
'Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
il
I!
J
I
I
I
I;
';
'
I
145
980
Total acquisition of assets
Operating and other expenses (excluding
depreciation
Increase in selected working capital....
12,906
147
6,163
154
3,059
121
Total funds applied to operations
7,296
15,965
267
54,679
84
4.010
925
58,689
62
35
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
62
62
820
7,945
12,295
2,343
134
9
902
3,007
14,700
13
964
902
Total funds provided by operations
-711
1,265
-13
-696
23
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
39
FUNDS PROVIDED BY FINANCING
Increase in Investment of the U. S,
Government
Appropriations enacted
Borrowings from the V. S. Treasury
Capital and surplus advances from the
U.
S.
90
Treasury
Other
Total Increase in Investment of the U. S.
Government
Increase in other borrowings
Decrease In Investment holdings
Decrease In selected cash and fund balances
90
1,265
90
1,265
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S.
Government
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S.
Treasxiry
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
•
••••
deposited
Other
Total decrease In Investment of the U. S.
Government
Decrease in borrowings from the public
Increase In Investment holdings
Increase in selected cash and fund balances
Total funds applied to financing
Net effect of financing (excess of funds
applied (-), or provided)
35.337
711
35,387
711
1,265
-696
271
1,356
535
306
820
27
256
12
51,9
12,652
980
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral.,
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
2,771
84
254
23
58,650
1,627
134
rr,m
May 1964
135
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Six Months Ended December
31,
Table 2.- Public Enterprise Revolving Funds - (Continued)
1963
(In thousands of dollars)
General Services
Administration 28/
Treasury Department - (Continued)
Bureau of
Accounts
Fund for payment of Government losses
in shipment
Office of
the Treasurer
Treasurer of
the U.S., check
forgery insurance fund
Expansion
of defense
production
Reconstruction
Finance
Corporation
liquidation
fund
Housing and Home
Finance Agency
Office of the Administrator
Expansion
of defense
production
College
housing
loans
Public
facility
loans
1U,300
23,084
1U,300
23,084
22,510
2,490
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
Total acquisition of assets
Operating and other expenses (excluding
depreciation )
Increase in selected working capital.,,.
Total fxmds applied to operations
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
Total realization of assets
Capital stock Issued to the public
Income
Decrease in selected working capital
270
270
280
29
854
10
308
JiJ^
775
39,962
39,962
1,952
I6f.,g
1
33,470
8,224
33,470
3,224
23,656
2.306
2,228
958
59.632
11.4C9
107.179
14.165
225
1,952
1,270
Total funds provided by operations
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
225
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S.
Government
Appropriations enacted
Borrowings from the U. S, Treasury
Capital and surplus advances from the
U.
S,
130,000
Treasury
Other
Total increase in investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in investment of the U, S,
Government
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S.
Treasury
Repayment of capital and surplus advances
from the U, S. Treasury
Distribution of earnings to the U. S,
Treasury
General and special fund revenues
deposited
Other
Total decrease in investment of the 0, S.
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances
Total funds applied to financing
Net effect of financing (excess of funds
applied (-), or provided)
page)
(continued on following
Footnotes at end of Section.
2'i-''74
Treasury Bulletin
136
•CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
Source and Appl cation of Funds for the Six Months Ended December 31, 1963
Table 2.- Publ Ic Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
May 1964
137
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TWE ACTIVITIES.
Section III
Source and Application of Funds for the Six Months Ended December 31,
Table 2.- Public Enterprise Revolving Funds - (Contlnuedl
1963
(In thousands of dollars)
Housing and Home Finance
Agency - ( Continued)
Account
Federal
Housing
Administration
Public
Housing
Administration
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly ovmed Government enterprises
Other
212,116
285,094
117
15
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected vrorklng capital....
285,212
212,156
50,748
102,357
Total funds applied to operations
335,960
3U,513
26
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repa yment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
171,134
47,077
1
2
22
81,956
Total realization of assets
Capital stock issued to the public...
Income
Decrease in selected working capital.
129,056
171,137
141,561
24,638
2,554
2,374
Total funds provided by operations
295,255
176,065
40,705
138,448
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S.
Government
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U, S. Treasury
Other
-
Total increase in investment of the U. S.
Government
Increase in other borrowings
Decrease tn investment holdings
Decrease in selected cash and fund balances
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S.
Government
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S.
Treasury
Repayment of capital and surplus advances
from the U. S. Treasmy
Distribution of earnings to the U S.
Treasury
General and special fund revenues
deposited
Other
Total decrease in investment of the U. S.
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances
Total funds applied to financing
Net effect of financing (excess of funds
applied (-), or provided)
106,767
53, 577
40.919
201,263
40,705
Veterans' Administration
Canteen
service
revolving
fund
Direct
loans to
veterans
and
reserves
Loan
guaranty
revolving
fund
Rental
maintenance,
and repair
of quarters
Servicedisabled
veterans'
insurance
fund
Treasury Bulletin
138
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TIOPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Six Months Ended December 31, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Veterans' Administration - (Continued)
Account
Soldiers'
and
sailors'
civil
relief
Veterans'
special
term
insurance
fund
Vocational
rehabilitation
revolving
fund
Export- Import
Bank of
Washington
Regular
lending
activities
Farm Credit Administration
Short-term
credit
investment
fund
Banks for
cooperatives
investment
fund
Federal Home
Loan Bank
Board
Revolving
fund
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or Improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
688
121
210,493
18
900
46.334
Total acquisition of assets
Operating and other expenses (excluding
depreciation )
Increase in selected working capital
li,763
1,929
Total funds applied to operations
17,389
121
238,393
141
102
429,146
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of sec\irltle3 other than public debt
and issues of wholly owned Government
enterprises
Other
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
Total funds provided by operations
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
25
121
147
256,845
900
31,548
102
16,373
429,146
6,951
900
6.976
25
13,926
25
13,926
91,597
16,309
16,525
102
537,052
863
19
-2^8,659
7,018
297
13.926
875
-13,926
7.315
=1J2_
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S.
Government
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U. S. Treasury
Other
296,600
Total Increase in investment of the U, S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease In selected cash and fund balances
6,968
19
3,041
Total funds provided by financing
6,968
19
299,641
296,600
FUNDS APPLIED TO FINANCING
Decrease in Investment of the U. S.
Government
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S.
Treasury
Repayment of capita] and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
Total decrease in investment of the U. S,
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances
Total funds applied to financing
Net effect of financing (excess of funds
applied (-), or provided)
Footnotes at end of Section.
875
498, 300
50,000
548, 300
6,105
1^92<"
6.105
863
^3,
19
(Continued on following page)
13,9?,.
300
-248,659
875
-13.926
-iii.
-339
May 1964
139
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES,
Section III
-
Source and Application of Funds for the Six Months Ended December 31, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Federal Home Loan
Bank Board
Account
Federal Savings and Loan
Insurance
Corporation
Home Ovmers
Loan
Corporation
1 liquidated)
Panama
Canal
Company
Saint
Lawrence
Seaway
Development
Corporation
Small
Business
Administration
Revolving
fund
Tennessee
Valley
Authori ty
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made.
Cost of security or collateral acquired..
Purchase, construction, or Improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
116,563
59,i73
361
26
4,684
16,382
415
Total acquisition of assets
Operating and other expenses (excluding
depreciation )
Increase in selected working capital....
59,i98
4,684
9,009
50,832
Total funds applied to operations
68,507
55,516
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
3,282
55
Other
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
3,282
55
56,283
i,659
55,646
1,607
Total funds provided by operations
6i,22i
57,309
^,283
-1,793
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
FUNDS PROVIDED BY FINANCING
Increase In investment of the U, S.
Government
Appropriations enacted
Borrowings froto the U. S. Treasury
Capital and surplus advances from the
U.
S.
Treasury
Other
Total increase in Investment of the U. S.
Government
Increase in other borrowings
Decrease in Investment holdings
Decrease In selected cash and fund balances
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease In investment of the U. S.
Government
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
•
•
deposited
Other
Total decrease in Investment of the U. S.
••*
Government
Decrease in borrowings from the public
Increase In investment holdings
Increase in selected cash and fund balances
Total funds applied to financing
Net effect of financing (excess of funds
applied (-), or provided)
68,223
458
458
United States
Information
Agency
Informational
media
guaranty fund
uo
Treasury Bulletin
;
.CORPORATIONS AND CERTAEN OTHER BUSINESS-TYFE ACTIVITIES.
Section III
Source and Appllcat lon of Funds for the Six Months Ended December 31,
Table 3.- Intragovernmental Revolving Funds
(In thousands of dollars)
Legislative
Branch
Account
Total
1/
Government
Printing
Office
Agency for
International
Development
Acquisition
of property
revolving
fund
Agriculture Department
Agricultural
Research
Service
Working
capital
fund
Forest
Service
Working
capital
Working
capital
fund
fund
FUMDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
14,649
531
935
20
14,720
531
935
20
3,111,368
66,620
4.247
1,294
2,127
,141,117
71,398
2,229
2,U7
679
71
679
,
Total funds applied to operations
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral,.
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
1,839
53
13,692
26Z-
3,076
12,133
3,142
J3_
322
17
17
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
1,856
12
3,168,936
420,724
71,575
Total funds provided by operations
3,591,516
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
53
339
351
1,200
2,176
71,587
1,551
450,400
-189
678
33,552
3,550
33,552
3,550
13,582
3,197
2.213
13.921
3.197
-66
-1.788
-54
37
FUNDS PROVIDED BY FINAMCING
Increase in investment of the U, S.
Government
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U, S. Treasury
Other
Total increase in investment of the U, S,
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
14.515
Total funds provided by financing
48,068
FUNDS APPLIED TO FINANCING
Decrease in investment of the U, S.
Government
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S,
Treasury
Repayment of capital and surplus advances
from the U, S, Treasury
Distribution of earnings to the U, S.
Treasury
General and special fund revenues
deposited
Other
67R
3,550
678
10,129
Total decrease in investment of the U. S.
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances
488,338
3 .7 39
-i£_
1,7.'^8
54
Total funds applied to financing
498,467
3.739
JlL.
1.788
-5^
Net effect of financing (excess of funds
applied (-), or provided)
450,400
-189
Footnotes at end of Section.
10,129
678
(Continued on following page)
-66
-1,788
-54
1963
May
I'^b^
lAl
.
Section III
-
COEPORATIONS AND CERTAIN OTHER BU5INESS-TYEE
ACTIVITIES.
Source and Application of Funds for the Six
Months Ended December 31.
Table 3.- Intragovernmental Revolving Funds (Continued)
1
963
(In thousands of dollars)
Commerce
Department ( Continued)
Account
Working
capital
fund
Defense Department
Office of
the Secretary
Defense
industrial
fund
Air Force Department
Stock
fund
Industrial
fund
Navy
Department
Arny Department
Industrial
fund
Corps of
Engineers
Industrial
fund
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
13
3,834
13
3,834
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
1,304
16
4,720
666,092
205,492
361,810
149,224
1,041,072
Total funds applied to operations
1,333
4,720
666,092
205,492
361.810
153.058
1.041.072
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
Total f\inds provided by operations
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
495
496
1,334
4,821
4,630
670,964
20,491
217,900
1,274
372,710
146,378
156,098
3,152
1,056,408
223,163
1,386
9,451
691,456
219,174
519,0
159,746
1,279,571
-53
-4,730
-25,364
-13.681
-157.278
-6,688
-238.499
157.273
238.501
25.364
6.688
4,730
13,681
53
157,278
238,501
4,730
13,681
53
25,364
6,688
-13,681
-6,688
-238,499
-4,730
-25,364
-157,278
-53
FUNDS PROVIDED BY FINANCING
Increase in investment of the U, S,
Government
Appropriations enacted
Borrowings from the U, S. Treasury
Capital and surplus advances from the,
U,
S.
Treasury
Other
Total increase in investment of the U. S,
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in investment of the U, S,
Government
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U, S,
Treasury
Repayment of capital and surplus advances
from the U, S, Treasury
Distribution of earnings to the U, S,
Treasury
General and special fund revenues
deposited
Other
Total decrease in Investment of the U, S,
Government
Decrease in borrowings from the public
Increase in investment holdings,,.,,
Increase in selected cash and fund balances
Total funds applied to financing
Net effect of financing (excess of funds
applied (-), or provided)
(continued on following page)
u?
May 1964
U3
.CORPORATIONS AHD CERTAIN OTHER BOSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Six Months
Ended December 31. 1963
Table 3.- Intragovernmental Revolving Funds - (Continued!
(In thousands of dollars)
Treasury
Department
General Services Administration
-
(Continued)
Account
United States
Buildings
Coast Guard management
(Continued)
fund
Yard fiind
Construction
services,
public
buildings
General
supply
fund
Veterans
Administra-
Civil
Ser/lce
tion
ronuiilrslon
Federal
telecorarau-
Working
nications
capl tal
fund
fund
Supply
fund
Investipytiona
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or iroprovement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
63
316
4,652
36
32
63
316
4,652
36
32
,017
U0,903
251 ,979
18,484
3,640
1,536
22,159
64
50
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
6,604
5,058
Total funds applied to operations
7,080
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of securities other than public debt
find issues of wholly owned Government
enterprises
Other
U6,281
6,604
256,631
30
947
30
947
Total realization of assets
Capital stock issued to the public...
Income
Decrease in selected working capital.
7,036
6,665
143,929
Total funds provided by operations...
13,701
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
-6,621
141
7,C42
409
1,567
93,407
T,515
1,647
88,669
7,088
93,216
6,427
97
244,095
7,300
19,750
U3,959
6,524
252,342
19,750
88,669
7,038
2,322
80
2,410
4,738
427
4,2
201
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S,
Government:
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
30,000
U. S. Treasury
Other
Total increase in investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
5,280
80
Total funds provided by financing
5,280
80
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S.
Government
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S,
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
•
Total decrease in Investment of the U. S,
Government
Decrease in borrowings frcm the public
Increase in investment holdings
Increase in selected cash and fund balances
Total funds applied to financing
Net effect of financing (excess of funds
applied (-), or provided)
Footnotes at end of Section.
30,000
2,958
2,410
30,000
6,862
2,410
US
ij.i
144
COPPO-RATIONR AND OTTRrATN OTFKR BIJRTNKSS-TYPE ACTI
Section III - Source and Application of Funds for the Six Months
Table 4.- Certain Other Activities
(In thousands of dollars)
4aif
1964
145
.CORPORATIONS AM) CERTAIN OTHER BUSINESS-TYIE ACTIVITIES-
Section III
-
Source and Application of Funds for the Six Months Ended December 31, 1963
Table 4,- Certain Other Activities - (Continued!
(In thousands of dollars)
Treasury
Department
Interior Department
Account
Bonneville
Power
Administration
Southeastern
Power
Administration
Southwestern
Power
Administration
Miscellaneous
loans and
certain
other assets
FUNDS APPLIED TQ OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital.,..
Total funds applied to operations
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral,.
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
Total funds provided by operations
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
FUNDS PROVIDED BY FINANCING
Increase in investment of the U, S,
Government:
Appropriations enacted
Borrowings from the U. S, Treasury.
Capital and surplus advances from the
U. S. Treasury
Other
Total increase in investment of the U. S,
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S,
Government
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U, S.
Tree sury
Repayment of capital and surplus advances
from the U. S, Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
Total decrease in investment of the U. S.
Government
Decrease in borrowings from the public
Increase in Investment holdings
Increase in selected cash and fund balances
Total funds applied to financing
Net effect of financing (excess of funds
applied
(-
)
,
or provided )
5,400
13,711
2,297
61,656
General
Services
Administration
Public Works
Administration (in
liquidation)
146
COEPORATIONS AKD CERTAIN OTHER BUSINESS-TYPE ACTIVT]
Section III
-
Source and Application of Funds for the Six Months En
Table 5.- Certain Deposit Funds
{In thousands of dollars)
Mai)
1964
U7
.CORPORATIONS AMD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Six Months Ended December
31, 1963
Table 6.- Certain Trust Revolving Funds
(In thousands of dollars)
Defense
Department
Army
Department
Total
26/
United States
Soldiers' Home
revolving fund
General
Services
Administration
Housing and
Home Finance
Agency
FNMA
National
Archives
trust fund
Secondary
market
operations
Civil Service Commission
Employees'
health
benefits
fund
En^loyees'
life
insurance
fund
Retired
employees'
health
benefits
fund
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
Total acquisition of assets
Operating and other expenses (excluding
depreciation), ,
Increase in selected working capital
,
Total funds applied to operations
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral,
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
81,193
2
25
25
SI, 225
25
3i-6,li3
58
2^,399
2
218
58,073
2A,382
183,382
59,993
14,32
^21,767
l'13,65i
133, 3Bi
59,993
14,324
153,385
153,385
-
Total realization of assets
Capital stock issued to the public...
Income
Decrease in selected working capital.
153,385
Total funds provided by operations,..
527,082
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
81,198
2il
351, 6o7
6i
251
153,385
241
61,997
U
251
215,623
190, 79i
194,077
21,789
-10,694
-105,315
FUNDS PROVIDED BY FINANCING
Increase in investment of the U, S,
Government
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U. S, Treasury
Other
Total increase in investment of the U, S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S,
Government
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U, S,
Treasury
Repayment of capital and surplus advances
from the U. S, Treasury
Distribution of earnings to the U. S,
Treasury
General and special fund revenues
deposited
Other
333,272
55,862
333,272
339, 13i
389,
52,320
Total decrease in investment of the U. S,
Government
Decrease in borrowings from the public
Increase in Investment holdings
Increase in selected cash and fund balances
52,830
172,251
2i6,900
22,i68
Total funds applied to financing
i9i,U9
Net effect of financing (excess of funds
applied (-), or provided)
Footnotes at end of Section,
-105,315
55,8^:2
lU
52,820
52,820
172,251
216,012
7,609
3,085
Ul,08i
10,694
-51,969
-10,694
Federal
Communications
Com-Tiission
International
telecoi:,-
munication
settlements
1A8
Treasury Bulletin
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Footnotes to Sections II and III
1/
2/
2/
y
u
3/
2/
10/
12/
yj
Statements of income and expense and of source and application of
funds are not yet included for certain activities for which statements of financial condition have been published in Section I, in
the April 1964 Bulletin.
Rural housing for the elderly revolving fund, shown under this heading
on page 102 of the April 1964 Bulletin, did not have any income or
expense during the first six months of the fiscal year 1964.
Includes operating and administrative expenses funds,
Includes interest expense of $1,688 thousand on capital stock.
This amount reflects changes in treatment accorded collections of
interest as deposits to general and special accounts instead of
being netted against accumulated net income or deficit.
The act approved July 19, 1963 (77 Stat. 81) repealed the Inland
Waterways Corporation Act (43 Stat. 36O). The loans of this Corporation are being liquidated by the Secretary of Commerce,
Office of Civil Defense, civil defense procurement fund, shown under
this heading on page 104 of the April 1964 Bulletin, did not have any
income or expense during the first six months of the fiscal year 1964.
Included beginning December 31, 1963.
Represents the fund known as "Advances to employment security administration account, unemployment trust fund."
Includes interest expense on advances from appropriations and on
paid-in capital.
Figures are as of January 3, 1964.
Includes unreimbursed costs of $14,153 thousand performed by other
agencies,
Expenses include costs applicable to postal operations paid for by
other Government agencies for unenqjloyinent condensation for postal
employees and certain custodial and maintenance costs of public
buildings.
Expenses include certain nonpostal services rendered to
other agencies without reimbursement and other public service costs
and losses which, under provisions of an act approved October 11,
1962 (39 U.S.C. 2303 (b)), are to be excluded in adjusting postal
rates and fees.
The operating deficit as of June 30, 1964, has been combined with
other items representing equity of the United States Government, and
is included with the net investment at the beginning of the fiscal
year 1964.
l^/
16/
17/
18/
The accunnilated net income or deficit is included with the equity of
the United States Government and cannot be segregated.
Home Owners' Loan Corporation (liquidated), shown under this heading
on page 111 of the April 1964 Bulletin, did not have any income or
expense during the first six months of the fiscal year 1964,
Represents interest on the net direct investment of the United States
Government in this Corporation.
Includes $68 thousand representing claims paid on credit risk insurance.
19/
20/
21/
22/
23/
24/
25/
26/
27/
2Z/
r
»
Represents interest on funds advanced to the Administration b;- appropriations.
Represents net income of $22,179 thousand from power operations, and
net loss of $8,810 thousand from nonincorae-producing programs during
the first six months of the fiscal year 1964,
Excludes unfunded costs consisting of depreciation on plants and
equipment, military personnel, and other costs as follows;
Office of
the Secretary, $76 thousand; Air Force, $111,520 thousand; Arny,
$54,500 thousand; and Navy, $56,441 thousand.
Includes contractual services and other costs.
Represents the Gooley loan program established pursuant to the Agricultural Trade Development and Assistance Act of 1954, as amended
(7 U.S.C. 1704 (c)).
Represents rural housing and other loans, and salaries and expenses.
Represents estimated return of power costs and irrigation payout
assistance which has to be provided out of revenues.
Statements of income and expense and of source and application of
funds are not yet included for certain activities for which statements of financial condition were published in Section I, in the
April 1964 Bulletin,
Certain other activities are included in this
Section only on a fiscal year basis at the present time.
Excludes noncash transactions amounting to $1,242,598 thousand representing loans exchanged for commodities and other adjustments.
Abaca fiber program, shown under this heading on page 107 of the
April 1964 Bulletin, did not have any funds applied or provided
during the first six months of the fiscal year 1964.
Revised,
Less than $500.
May 1964
U9
.CTJMDLATIVE TABLE OF CONTENTS.
June 1963 through May 1964
Issue and page number
1963
July
Aug.
Reporting bases.
1964
Sept.
Nov.
Feb.
Mar.
II
Apr.
II
Articles:
Treasury financing operations
A-1
A-1
A-1
A-1
A-1
A-1
A-1
1
1
1
1
1
1
1
A-1
A-1
A-1
A-1
1
1
1
Sujnmaries;
Federal fiscal operations
Administrative budget and trust fund receipts and expenditures.
Administrative budget receipts and expenditures:
Receipts by principal sources
Detail of miscellaneous receipts by major categories
Chart - Internal revenue receipts by principal sources
Expendituree by agencies
Interfund transactions excluded from both net budget receipts
and budget expenditures
Summary of appropriations and authorizations, expenditures, and
balances, by agencies
Expenditures and balances by functions
Expenditures by functions
Detail of excise tax receipts
Summary of internal revenue receipts by States, calendar year 1963.
Trust and other transactions:
Summary of trust and other transactions
Trust receipts
Trust, deposit fund, and Government- sponsored enterprise
expenditures
Investments in public debt and agency securities (net)
Sales and redemptions of Government agency securities in
market (net)
Interfund 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 March 31, 196A)
Consolidated cash transactions (formerly 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
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account....
Intragovernmental and other noncash transactions
Accrued interest and other noncash transactions
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
Summary of cash transactions through the Account of the Treasurer
of the United States
Debt outstanding:
S'immary 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
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
8
10
12
12
10
10
10
10
11
11
13
li
11
12
11
12
12
13
15
13
13
16
U
U
10
10
12
12
10
10
12
13
11
13
14
11
12
14
14
13
15
13
15
15
14
16
14
9
11
11
9
11
11
11
10
11
12
13
14
12
12
15
13
15
16
16
17
13
14
15
15
16
18
I-'
10
12
15
16
16
17
19
19
16
17
15
20
16
14
19
16
16
18
16
21
17
15
20
17
17
19
17
22
18
16
21
18
18
19
17
18
24
22
23
21
19
20
21
19
20
22
23
27
28
24
25
24
25
23
24
26
23
23
25
26
26
27
26
26
27
28
29
27
22
20
21
20
18
19
25
23
2i
21
19
20
25
26
23
2i
28
29
24
25
27
23
30
30
31
26
26
27
24
24
25
29
29
26
26
28
25
25
26
30
27
23
26
31
27
28
32
33
27
28
29
25
26
27
30
31
32
27
29
30
31
29
3i
30
28
33
30
30
31
31
31
23
32
32
34
36
32
34
36
2^
33
27
29
31
24
27
27
28
29
28
29
19
17
20
21
IS
19
20
23
23
24
21
21
24
25
26
22
23
24
27
25
22
32
30
35
31
29
34
33
36
33
40
32
35
37
31
33
35
34
36
30
32
34
35
37
39
34
36
a
U
40
46
38
44
43
49
40
46
40
46
40
39
46
37
43
a
51
48
45
43
50
48
48
45
48
AT?
49
47
51
54
52
/.8
53
51
50
54
57
:
weekly Treasury bills
Securities issued in advance refunding operations
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 tills
Foreign series securities nonmarketable) issued to official
institutions of foreign countries
Foreign currency series securities (nonmarketable) issued to
official institutions of foreign countries
•
31
59
56
61
59
59
5i
58
56
58
56
6r
58
63
60
62
59
56
61
62
58
(
35
•
(Continued on following page)
150
Treasury Bulletin
.CUMULATIVE TABLE OF CONTENTS.
June 1963 through May 1964
(Continued)
-
Issue and page number
1963
June
United States savings bonds
Cumulative sales and redemptions by series
Sales and redemptions by periods, all series combined
Sales and redemptions by periods, Series E through K
Redemptions of matured and unmatured bonds
Sales and redemptions by denominations, Series E and H combined.
Sales by States, Series E and H combined
196i
July
Aug.
59
59
57
60
62
58
60
62
62
63
65
66
67
62
64
63
61
68
63
64
61
62
68
69
'65
63
Sept.
Dec.
Jan.
Feb.
63
63
64
66
63
63
64
66
67
68
60
60
61
63
59
61
Mar.
Apr.
:
Ownership of Federal securities:
Distribution by classes of investors and types of issues
Net market purchases or sales for investment accounts handled by
the Treasury
Es timated ownership
Treasury survey of owners}iip of Federal securities
Ownership by banks insurance companies, and others
Ownership by commercial banks classified by membership in Federal
Reserve System (latest date December 31, 1963)
57
61
61
59
59
60
64
64
65
62
67
61
61
62
64
65
63
69
65
67
69
64
62
65
66
63
65
66
67
68
69
70
64
65
62
63
67
65
67
69
71
66
64
64
58
58
:
,
74
Market quotations:
End-of-month closing quotations on Treasxiry securities by issues.
Chart - Yields of Treasury securities
69
71
67
69
78
Average yields of long-term bonds:
Average yields of Treasury and corporate bonds by periods.
Chart - Average yields of Treasury and corporate bonds,...
72
73
70
71
74
72
73
73
Monetary statistics:
Money in circulation
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury
Components of silver monetary stock
Seigniorage
Increment from reduction in weight of gold dollar (latest date
March 31, 1964)
75
75
76
77
Exchange Stabilization Fund (latest date December 31, 1963):
Balance sheet
U.' S.
stabilization agreements
Income and expense
National bank reports:
Earnings, expenses, and dividends for calendar years 1958-62,
71
75
71
69
71
75
77
71
73
73
75
79
7;
81
71
73
68
70
81
82
74
75
72
73
78
74
75
76
77
82
83
74
75
71
76
77
77
78
78
79
79
75
86
79
74
75
75
76
77
76
77
74
83
84
84
85
84
85
85
86
87
76
77
77
73
79
73
74
74
75
76
79
81
81
82
83
77
78
79
80
81
72
75
77
81
76
76
78
77
77
79
79
82
83
83
78
78
84
79
77
78
International financial statistics:
U. S. gold stock, and holdings of convertible foreign currencies
by U. S. monetary authorities
U. S. Treasury nonmarketable notes and bonds issued to official
institutions of foreign countries
U. S. monetary gold transactions (net)
Capital movements between the United States and foreign countries
Summary by periods beginning 1946
Summary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Long-term banking liabilities to and claims on foreingers
Purchases and sales of long-term securities by foreigners,
latest month
Short-term liabilities and claims reported by nonfinancial concerns.
Long-term liabilities and claims reported by banks and bankers
Estimated gold reserves and dollar holdings of foreign countries
and international institutions
Foreign credit and debit balances in brokerage accounts
Short-term liabilities, countries and areas not regularly reported..
Purchases and sales of long-term securities by foreigners during
calendar year 1963
79
78
87
84
79
78
87
84
80
84
88
81
79
80
:
and certain other business-type activities:
of financial condition (latest date December 31, 1963).
expense (latest date December 31, 1963)
application of funds (latest date December 31, 1963)...
92
93
94
95
86
93
94
95
97
98
99
93
94
95
95
98
99
96
96
100
101
96
100
82
85
93
101
102
103
104
89
82
85
94
86
89
97
82
85
90
93
102
103
104
83
86
95
97
94
95
96
105
106
98
97
96
90
97
91
97
99
100
101
98
106
98
Foreign currencies acquired by the U. S. without purchase with
dollars:
Transactions and balances in Treasury accounts
Transactions and balances in agency accounts...
Corporations
Statements
Income and
Source ant}
84
82
85
92
100
81
83
87
102
102
108
108
93
109
104
99
120
Treas.
U.S. Treasury Dept.
HJ
10
.A2
1964
Treas.
HJ
10
_.A2
1964
TITLE
C.2
Treasury Bulletin
U. S.
Treasury Dept,
Treasury Bulletin
@FedFRASER