Full text of Treasury Bulletin : May 1966
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1
May 1966
Table of Contents
Page
Treasury financing operations
IV
Summary of Federal fiscal operations
i
Administrative budget receipts and expenditures.
2
Trust and other transactions
1
Consolidated cash transactions
21
Account of the Treasurer of the United States...
24.
Monetary statistics
27
Debt outstanding
28
Statutory debt limitation
33
Public debt operations
34
United States savings bonds
70
Ownership of Federal securities
75
Treasury survey of ownership of Federal
securities
77
Market quotations on Treasury securities
81
Average yields of long-term bonds
8/^
International financial statistics
86
Capital movements
90
Corporations and certain other business-type
activities - income and expense, and source
and application of funds
Cumulative table of contents
1
1
"1
5
60
Treasury Bulletin
II
Reporting Bases
bata 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
TrtMury" and the "Monthly Statement of Receipts and Expendltureg of the United States OovernmentI' Where these state-
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
m
ments are given as sources for Individual tables, they ar«
cited by name only. Their respective reporting bases are
of certain interfund transactions which are Included
deeorlbed below. For other data In the Bulletin. Information on sources or reporting bases Is given In connection
with the tables themselves.
The transactions deducted consist of Interest payments and
The monthly statement of receipts and expenditures
was first published for February 1951+, 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 ti»e same time, the
accordance with the plan stated in the President's Budget
dally statement was changed to a statement of cash deposits
and withdrawals affecting the account of the Treasurer of
the detail of both budget receipts and budget expenditures.
minor amounts of certain other payments made by Government
This reporting change was made in
agencies to the Treasury.
Message of January IS, I960.
or deficit.
It does not affect the surplus
Figures for earlier periods shown In the Treas-
ury Bulletin were revised to the new reporting basis in the
September i960 issue. The Interfund trsuisactlons deducted
under this procedure do not Include payments to the Treas-
Both publications have provided compar-
ury by wholly owned Government corporations for retirement
of their capital stock and for disposition of earnings.
ative figures on their respective bases from the beginning
of the fisoeil year I953. The announcement of February 17,
These capital transfers have been excluded currently from
budget receipts and budget expenditures beginning July 1,
with respect to these reporting changes may be found
in the April 195!^ issue of the Bulletin.
were revised accordingly at that time.
The monthly statement shows all receipts and expenditures of the Government, including those made from cash
for February I7,
the United States.
195M-,
aooounts held outside the United States Treasury. The
information is compiled from reports by the Treasurer of
the United States and by all other collecting and disbursing agencies. Including those agencies which maintain
checking accounts in commercial banks.
These reports cover
transaotiona recorded in the accounts of the agencies
during the reporting period.
The net of the transactions
and figures for prior fiscal years back through 1932
19'*^,
The daily statement on the new basis was first Issued
195'*-.
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
throi;igh
the account of the
Treasurer of the United States. Total withdrawals are on
the basis of checks paid or cash disbursements made out of
the Treasurer's account.
Some of the withdrawal classi-
fications shown are reported on the basis of mailed reports
as compiled from these reports is reconciled In the monthly
of checks Issued and are adjusted by means of clearing ac-
statement to changes in the balance In the Treasurer's ac-
counts to the total of checks paid.
count and In cash held outside the Treasurer's account and
minor amounts, noncash Interfund and other intragovernmental
changes in the public debt outstanding.
transactions are excluded.
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.
E]q>enditureB, except Interest on the public debt, are reported on the basis of checks Issued or cash payments made
by disbursing officers.
Transactions of an Interfund or
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 1955 and
the fiscal year 1955. Prior to that, it was Included on
a due and payable basis.
The same reporting basis as that
Except for relatively
The public debt figures In the
daily 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
Noncash debt trsinsactlons are Included, however.
Banks.
The daily statement before February 17, 195'*-. covered
not only transactions cleared through the Treasurer's account but also certain Government agency transactions which
were handled through commercial bank accounts,
noncash interfund
and.
and included
other intragovernmental transactions.
It provided Information similar to that In the present dally
statement with respect to the status of the Treasurer's account, and similar to that in the present end-of -month daily
in the monthly statement provides the fiscal year figures
statement with respect to debt Issuance, retirement,
for the Treasury's "Combined Statement of Receipts, Expend-
amount outstanding.
itures and Balances of the United States Oovernment" and
and
Receipts and expenditures, however were
classified by type of account, and the budget results shown
,
May 1966
III
Reporting Bases
In the dally statement were used as the basis for reflecting
the results under the President's budget program as enacted
by the Congress.
Receipts were on the basis of deposits as they cleared
the Treasurer's account. Expenditures cleared through the
Treasurer's account were reported on two successive
bases. Through 194-6 they were on the basis of checks paid
by the Treasurer of the United States.
Beginning with l^^f
expenditures made through the facilities of the Treasury
Note:
-
(Continued)
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, were on the basis of checks paid.
Transactions han-
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 igUg and on a checks-paid basis prior to that time.
Details of figures may not add to totals because of rounding.
Treasury Btdletin
IV
Treasury Financing Operations
May Refunding
On April 27, the Treasury announced an exchange offering
of 4-7/8% Treasury Notes of Series F-1967, to be dated May 15,
for the following securities maturing May 15, 1966:
13-week
$8,289 million of U% Treasury Notes of Series
D-1966, dated November 15, 1964; and
(Additional amount of bills of
original maturity of 26 weeks)
$1,028 million of 3-3/4/6 Treasury Bonds of
1966, dated November 15, I960.
The public held $2.5 billion of the maturing securities, and
Federal Reserve and Government investment accounts held $6.8
billion.
The subscription books were open from May 2 through May 4.
Cash subscriptions were not received.
Subscriptions accepted
totaled about $8,135 million, leaving about $803 million of the
4% notes and $379 million of the 3-3/4% bonds for cash redemption.
Payment for the new notes was to be made on May 16, 1966,
in a like face amount of the maturing securities, vdth the
15,
1966, coupons detached from bearer securities.
A cash
payment of $1.50 per $1,000 was made to subscribers.
Interest on the new notes is payable semiannually on
November 15, 1966, and on May 15 and November 15, 1967.
The
notes are available in bearer and registered form in denomina-
tions of $1,000, $5,000, $10,000, $100,000, $1,000,000,
$100,000,000, and $500,000,000.
One-year Bills
On April 20 tenders were invited for $1 billion, or thereabouts, of 365-day Treasury bills, to be dated April 30, 1966,
to refund an equal amount of one-year bills maturing on that
date.
Tenders were opened on April 26 and totaled $1,834 million,
of which $1,001 million (including $39 million of noncompetitive tenders) were accepted at the average discount rate of
4.773 percent.
13-Week and 26-Week Bills
Issues of regular weekly Treasury bills in April totaled
$9.2 billion, replacing an equal amount of maturing bills.
There were four 91-day issues of $1.3 billion each and four
Average rates for the new
issues are shown in the following table.
to mature November 15, 1967, at 99.85, to yield about
1966,
4.98/6,
May
182-day issues of $1.0 billion each.
May 1966
^
Treasury Financing Operations
-
(Continued)
Foreign S eries and Foreign Currency Series
July 29, 1966.
In April the Treasury issued one certificate of indebted-
As of April 30, the outstanding foreign series
securities totaled
$9/^9
million,
ness of the foreign series in the amount of $50 million and
The new certificate of indebtedness of the foreign
one certificate of Indebtedness of the foreign currency series
currency series, denominated in Swiss francs, was issued
Retirements amounted to $1^0
April 26, bears interest at the rate of 4.80 percent, and
equivalent to $93 million.
million for the foreign series securities and the equivalent
matures October 26, 1966.
of $168 million for the foreign currency series.
rency series securities outstanding totaled $1,031 million
The new certificate of the foreign series, issued April
29, bears interest at the rate of 4.65 percent, and matures
Note:
At the end of April foreign cur-
and were denominated in Austrian schillings, Belgian francs,
German marks, Italian lire, and Swiss francs.
in this issue of the Bulletin in the tables
J.„c o,.^ =hnun elsewnere
elsewhere ui
Details of Treasury market financing operations are shown
public debt operations.
May 1966
SUMMARY OF FEDERAL FISCAL
OPERATIONS
(In millions of dollars)
Administrative budget
receipts and expenditures
Period
Net
receipts
Expenditures
Surplus
or
deficit
(-)
Net of
trust
and other
transactions
1/
Net
increase
Clearing
account,
public
etc. 2/
debt, or
in
decrease
(-)
Net
increase in
Treasurer' s
account
balance, or
decrease (-)
Levels, end of period
Debt outstanding
Treasurer'
account
balance
Public
debt
Guaranteed
securities
Fiscal years;
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
I960.
1961.
1962.
1963.
196/i.
1965.
19b6(Est.)...
1967(Est.)...
Calendar years;
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
196i
1965
Months
36,422
47,480
61,287
64,671
64,420
60,209
67,850
70,562
68,550
67,915
77,763
77,659
81,409
86,376
89,459
93,072
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
97,684
96,507
-3,117
-4,180
1,626
1,596
-2,819
-12,427
1,224
-3,856
-6,378
-6,266
-8,226
-3,435
111,3DD
106,428
112,84"
37,235
52,877
64,705
63,654
60,938
63,119
70,616
71,749
68,262
72,738
79,518
78,157
84,709
87,516
88,&96
96,679
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
96,945
101,378
103, J JO
-3,122
3,510
-4,017
-9,U9
679
147
435
328
231
-194
195
633
-329
-50
-602
436
97
433
-214
-401
-250
-303
284
813
590
257,377
255,251
259,151
266,123
271,341
274,418
272,825
270,634
276,444
284,817
286,471
289,211
298,645
306,466
312,526
317,864
-3,910
8,700
8,700
319,602
321,436
398
244
320,000
321,680
319,800
321,505
-447
62
1,770
-1,488
603
-635
-117
179
355
622
828
4,232
4,295
6,064
4,577
256,708
259,419
267,391
275,168
24
256,731
259,461
5,130
278, 750
280,769
276,628
274,898
282,922
290,798
290,217
1,015
-134
-80
-713
4,545
4,427
4,606
4,961
5,583
6,411
6,494
7,509
7,375
7,295
6,582
303,470
309,347
317,940
320,904
104
109
127
156
330
518
742
809
455
275,244
278,784
280,822
276,731
275,002
283,031
290,925
290,373
296,499
303,988
310,089
318,750
321,359
256,026
258,794
266,821
274,671
278,256
280,348
276,276
274,564
282,607
290,513
289,971
296,061
303,616
309,724
318,464
321,078
-2,571
2,215
2,735
6,085
8,300
11,036
307,601
311,532
311,713
802
805
813
308,402
312,337
312,526
308,040
311,975
312,164
?6
2,851
-546
-4,886
640
3,400
-4,498
2,412
-809
6,150
6,789
10,189
5,691
8,104
7,295
311,183
314,089
315,610
315,635
318,486
317,940
821
848
886
821
834
809
312,004
314,938
316,496
316,456
319,320
318,750
311,643
314,577
316,135
316,096
319,034
318,464
-1,550
2,197
1,289
105
1,480
1,795
5,745
7,942
9,231
9,336
10,816
12,610
317,983
319,883
317,697
316,557
319,218
317,274
664
693
719
657
606
21
42
1,900
-2,186
-1,140
2,661
-1,944
318,646
320,575
318,416
317,213
319,823
317,864
318,361
320,290
318,131
316,929
319,540
317,581
-692
1,658
-1,493
2,154
2,810
-807
-4,124
v-858
1,010
-2,852
974
-177
8,486
7,627
8,637
5,786
6,759
6,582
316,58;
318, 24C
474
316,773
318,460
316,746
318,901
321,711
320,904
522
493
465
455
317,056
318,742
317,270
319,394
322,176
321,359
-1,076
973
-224
453
5,506
6,479
6,255
6,708
322,003
323,311
320,999
319,583
416
435
456
468
6,708
319, 583
522
-523
530
-6
-145
507
US
-b,428
-1,84"
-104
120
294
-1"?
-422
-3,358
-5,842
-9,157
-3,683
-2,771
311
815
-41
101
739
-6,672
-8,248
-4,699
-259
267
1,092
-691
23
-698
234
729
168
151
694
87
-106
-319
-209
-34
376
-21
224
109
-237
154
204
183
493
-576
328
:
1964 -Apr
2,328
1,?''5
-423
2,711
7,973
7,777
3,582
2,019
-4,141
-1,730
8,025
7,875
-581
5,952
7,301
5,877
8,594
2,964
May
June
6,^09
6,136
12,401
7,930
7,511
9,527
-1,322
-1,375
2,874
607
-436
-674
133
95
355
-1,989
3,931
July
Aug
Sept
Oct
Nov
Dec
3,487
6,653
10,072
3,398
7,037
8,856
7,410
8,083
8,450
8,329
7,051
8,770
-3,923
-1,430
1,622
-4,930
-15
86
-40
66
-130
366
171
-188
-393
-903
387
41
-595
-161
-530
2,906
1,520
1965-Jan
Feb
Mar
Apr
May
June
5,642
7,518
11,188
8,549
7,268
13,40A
7,676
7,146
8,139
8,268
8,116
9,070
-2,033
372
3,049
280
-848
A,335
64
377
-268
279
-8
July
Aug
Sept
^240
8,990
9,452
8,750
9,105
9,426
-3,434
-1,640
182
Dec
3,807
7,350
10,999
3,295
8,106
9,553
1,548
-5,455
-999
126
-28
156
-45
189
-57
-1,059
983
294
-792
314
1966-Jan
Feb
Mar
Apr
b,453
8,335
11,297
9,929
8,809
8,156
10,193
8,362
-2,356
179
1,104
1,567
66
71
116
-585
88
782
896
-480
1,099
1,308
-2,312
-1,416
79,125
88,485
-9,360
1,518
-369
2,309
Oct
Nov
Fiscal 1966 to date
193
146
972
-577
-617
59
2U
181
Source: Actual figures through fiscal year 1952 and calendar year
1953
are from the daily Treasury statement, and thereafter from the
monthly statement of receipts and expenditures of the Government (for
explanation of reporting bases, see page II); estimates, including
effect of proposed legislation, are from the 1967 Budget document
released January 24, 1966. More details for data on this page are
shown in succeeding tables.
Excess of receipts, or expenditures {-). For detail, see pagesil-lS.
For checks outstanding and telegraphic reports from Federal Reserve
Banks; public debt interest accrued and unpaid beginning vrith June and
the fiscal year 1955 (previously included from November
1949 as Interest
checks and coupons outstanding); also deposits in transit and changes In
cash held outside the Treasury and in certain other accounts beginning
Y
^
256,652
254,567
258,507
265,522
270,790
273,915
272,361
270,188
276,013
284,398
286,065
288,862
298,212
306,099
312,164
317,581
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
311,713
317,274
426
3,779
592
-7,088
-7,040
1,953
-6,306
-7,199
2,654
-1,311
3,736
1,686
-1,080
1,575
2,047
1,839
-388
-2,299
2,096
-551
331
-956
4,159
-4,399
Subject to
limitation
3/
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
11,036
12,610
196
741
-978
551
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
5,853
5,561
Total
Federal
securities
83
-5,903
296,] 69
20
29
46
52
81
U
74
107
101
111
140
240
444
607
42
54
76
34
53
103
590
502
463
267,
U5
322,419
323,746
321,454
320,051
320,051
116 933
319,113
321,395
321,078
322,138
323,466
321,175
319,772
319,772
Net increase, or decrease (-).
with the fiscal year 1954.
2/ 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 periods covered by this table and the date when each
became effective are as follows:
$275 billion on June 26, 1946; $281
billion on August 28, 1954; $278 billion on July 1, 1956; $275 billion
on July 1, 1957; $280 billion on February 26, 1953; $283 billion on
September 2, 1953; $290 billion on June 30, 1959; $295 billion on
July 1, 1959; $293 billion on July 1, 1960; $298 billion on July 1, 1961;
$300 billion on March 13, 1962; $308 billion on July 1, 1962; $305 bUlion on April 1, 1963; $307 billion on May 29, 1963; $309 billion on
July 1, 1963; $315 billion on December 1, 1963; $324 billion on
June 29. 1964; and $328 billion on July 1. 1965.
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
I
In millions of dollars)
Internal revenue
Employment taxes
Income taxes
Fiscal year
or month
Corporation
Not
For old-age,
disability,
Total
income and hospital
insurance
taxes
Withheld
withheld
For railroad retirement
1/
For unemployment
insurance
1957
1958
1959
1960
1961
1962
1963
1964
1965
21,531
20,533
18,092
22,179
21,765
21,296
22,336
24,301
26,131
12,302
11,528
11,733
13,271
13,175
14,403
14,269
15,331
16,820
26,728
27,041
29,001
31,675
32,978
36,246
38,719
39,259
36,840
60,560
59,102
58,826
67,125
67,918
71,945
75,324
78,891
79,792
6,634
7,733
8,004
10,211
11,586
11,686
13,484
15,588
15,846
616
'1^0
575
525
607
571
564
572
594
336
324
1966(Est.).
1967(Est.).
30,400
35,100
16,300
16,100
40,800
46,440
87,500
97,640
17,832 2/
23,267 2/
1965-Apr...
May
June .
1,187
520
6,597
5,852
696
2,369 2/
1,091
5,371
2,956 2/
8,130
6,587
11,921
1,291
2,762
1,348 2/
57
2
July..
Aug...
727
482
4,236
625
507
4,315
362
164 2/
2,427
244
1,299
5,377
2,995
1,263
5,793
3,237
2,388
6,022
9,658
2,133
11
103
57
12
2
93
1
8,020
617
2,396 2/
1,061
447
1,414 1/
750
52
1
4,822
7,559
11,620
9,781
336
2,559 2/
1,972
1,296
12
75
466
7
.
.
Sept.
Oct...
Nov. .
Dec...
m
682
1966- Jan.
Feb...
Mar. .
Apr. .
.
2/
468
7,244
2,440
2,727
1,038
936
6,259
21,832
14,766
573
1,412
5,948
3,440
1,082
2/
2/
2/
2j
6,U2
Total
employment
taxes
Estate
and
Excise
taxes
gift
taxes
^'iisceI-
Total
internal
revenue
laneous
receipts
10,638
10,814
30,760
11,865
12,064
12,752
13,410
13,950
14,793
80,172
79,978
79,798
91,775
94,401
99,441
105,925
112,260
114,435
1,123
1,008
1,171
1,241
1,284
1,478
2,'7..9
851
7,531
8,644
8,854
11,159
12,502
12,708
15,004
17,003
636
622
17 104
1,373
1,411
1,353
1,626
1,916
2,035
2,187
2,416
2,746
683
772
544
544
19,058
24,583
2,957
3,331
13,256
13,557
122,772
139,111
1,690
1 880
5,794
7,050
15
4
96
3
1,311
2,861
1,406
370
233
218
1,150
1,325
1,357
10,962
11,057
14,903
139
128
145
322
398
477
629
2,501
1,120
461
1,508
803
232
212
4,471
10,040
12,132
3,790
9,291
10,281
137
462
401
348
384
238
1,221
1,305
1,162
983
1,155
1,220
423
3,117
4
1,007
1,038
1,133
921
6,545
11,922
15,066
12,514
136
129
168
151
456
2,040
1,320
292
207
272
491
562
13,923
2,537
U5
96,051
1,481
4,461
93
62
20
341
345
458
948
,
2
2
2
193
213
185
300
948
,
145
159
153
164
140
196
3,158
4,064
4,082
3,206
3
4,436
4,077
4, "22
76t..
386
381
467
408
Fiscal 1966
to date.
.
Less:
Fiscal year
or month
68,445
31,847
Customs
894
1957
1958
1959
I960
1961
,413
,907
513
y
Trust
accounts
58
165
180
193
Other
Total
refunds
1^
Federal IdAge and Survivors Insurance Trust
Fund
y
20
18
23
18
25
29
11,
Transfers of tax receipts to
Less:
Refunds of receipts ^/
Internal revenue
applicable to
Budget
accounts
12,848
Federal
Disability
Insurance
Trust Fund
1'
35
32
35
3,976
4,598
5,114
5,238
5,976
6,266
6,571
7,148
6,030
6,243
6,795
7,084
9,192
10,537
10,600
12,351
14,335
14,572
837
929
953
945
994
1,057
1,082
15,486
18,932
1,345
1,886
Federal
Hospital
Insurance
Trust Fund
Railroad
Retirement
Account
Unemployment
Trust
Fund
355
572
593
636
343
453
945
347
615
694
654
683
772
540
539
3,859
4,378
647
712
15
3
96
2
271
293
347
1966(Est.)...
1967(Est.)..,
,525
,130
367
U3
35
35
6,930
7,611
1,280
1,063
2
3
5
1
3
1,195
2,572
1,250 2/
96
190
3
1,286
1,071
324
98 2/
57
1
1
2
11
1
3
574
2,226 2/
43
3
223
225
186
206
117
105
107
644
1965-Apr
Kay
June
.
.
.
July
Aug
Sept
Oct
Nov
320
220
219
183
202
29
101
Dec
3
3
86
-126
607
2,054
1,520
228
28
Fiscal 1966
to date. .
5,009
347
,
f33
513
d64
870
8
92
45
333
79
92
1
418
334
313
267
169 2/
73
31
103
57
2
12
1
90 1/
93
1
53
223
52
52
1
315
31
100
8
73
4
2,182 2'
1,666
1,142
215 2'
155
104
50
75
465
6
4
309
320
2,057
1,526
12
93
62
20
39
5,396
11,317
362
513
558
3,197
4
1966-Jan
Feb
Mar
Apr ....
.
2
938
416
1,324 2/
698
51^4
766
2,210
fund
transactions!
2,539
2.798
2,949
3 279
3,519
3,659
1963
1964
1965
224
278
269
297
323
Less:
Inter-
2,07i.
525
607
571
024
,725
,957
267
,817
,668
19fe2
Highway
Trust
Fund 1
5
9
3
Actual figures are from the monthly statement of receipts and
Source:
expenditures of the Government (for explanation of reporting bases,
see page II); estimates, including effect of proposed legislation,
are from the 1967 Budget document released January 24, 1966.
941
161
151
302
16
5
13
585
Beginning February, 1966 includes hospital insurance.
Includes $766 million in 1966 and $2,210 million in 1967 for Federal
2/
Hospital Insurance Trust Fund.
Remaining footnotes on following page.
1/'
.
May 1966
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 2.- Detail of Miscellaneous Receipts by Major
Categories
(In millions of dollars)
RealizaDividends
tion upon
and other
loans and
earnings 1/ investments
Fiscal year
or month
Recoveries and
refunds
ties
1957
1958
1959
i960
,749
,196
,158
628
745
601
433
674
506
,06i
1961
1962
1963
082
206
967
942
877
1,111
805
743
765
955
1,077
860
984
1,393
1,076
752
496
266
322
343
114
132
154
200
130
132
831
1,725
1,820
185
194
126
127
204
148
146
152
54
48
-9
10
8
17
10
68
148
157
169
160
35
23
20
4
21
21
31
9
10
12
104
-11
11
11
7
34
31
,436
077
196i
1965
,622
1966 (Est.)
1967 (Est.)
,794
,050
1965-Apr
May
June
322
398
477
July
Aug
Sept
Oct
Nov
462
401
348
968
20
103
106
94
93
7
384
766
386
64
224
94
1966-Jan
Feb
455
Mar
Apr
467
40s
85
17
17
21
120
123
109
125
Fiscal 1966 to date. 4,461
716
1,473
Dec
381
247
115
328
328
587
436
1,012
Sale of
Govern- Sale of
pro(iment
ucts
property
Royal-
79
90
93
96
Seigniorage
1/
124
387
345
325
392
343
263
263
131
331
132
431
312
304
350
374
330
342
370
409
427
146
1,009
1,058
373
396
25
24
58
31
26
9
84
40
38
39
64
44
11
12
61
-10
14
62
128
32
7
21
10
37
69
37
12
93
32
60
48
71
66
328
120
oO
652
391
411
371
28
114
121
12
10
-20
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 ll); and from the
monthly statement of receipts and expenditures thereafter. Estimates, including effect of proposed legislation, are from the 1967
Budget document, released January 24, 1966.
Source;
2/
2/
»
Footnotes to Table
Includes adjustments as follows:
Income taxes not withheld, March
-$2 million, June +$86 million, August -$4 million, November -$6
million and February -$4 million; income taxes withheld, March +^157
million, June -$7 million, August -$202 million, November +$128
million and February +$74 million; transfers to Federal Old-Age and
Survivors Insurance Trust Fiind, March -$150 million, June -$74 million,
August +$187 million, November -$107 million and February -$73 million; and transfers to Federal Disability Insurance Trust Fund, March
-$4 million, June -$5 million, August +$18 million, November -$15
1
-
6/
Fees for
permits
and
licenses
Fees and
other
charges
for
services,
etc
49
49
160
59
53
54
161
44
Fines,
penalties
and forfeitures
28
86
93
325
94
89
437
74
109
20
23
23
16
14
222
408
14
15
Other 2/
6
5
45
69
117
101
70
83
133
111
100
101
110
113
128
901
101
151
1,568
123
163
13
12
6
14
g
14
15
9
16
9
14
26
4
6
14
11
5
4
9
6
1
11
36
32
48
5
5
2
-21
9
8
7
13
1
11
1
11
32
2
53
55
58
33
20
55
26
33
37
39
57
81
62
5
17
8
12
11
11
13
79
48
87
6
7
9
-19
-12
5
11
5
1
8
11
5
1
10
12
7
1
9
14
6
1
68
115
91
11
13
12
-U
23
Beginning October 1965 certain accounts representing profits from
silver coinage, previously classified as "dividends and other
earnings," have been classified as "seigniorage."
Consists of miscellaneous taxes (principally the tonnage tax on
foreign vessels entering U. S. ports), bullion charges, gifts and contributions, and undistributed proceeds, sale of foreign currency,
Less than $500,000.
(Continued)
million and February +$2 million.
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.
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).
Less than $500,000.
Treasury Bulletin
,
AEMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
$Bi
Total*
—
100
—
Fiscal Year
—
Comparison first
9 months fiscal
years 1965 and 1966
^^^m
I-"
$Bi
$Bil.
Corporation Income and Profits Taxes
24
Income Tax and
EmploynDent Taxes*
72
Individual
20
68
68
20
64
64
16
60
60
12
12
56
56
8
8
52
52
4
44
J
44
40
^J
40
48
48
i-i
1952
'54
'56
32
1952
'54
'56
28
36
^^32
^
i.^
1^
24
20
l^-[^^24
'60
'62
'64
66
'60
'62
'64
66
Estote and Gift Taxes
Alcohol and To
36
'58
inn
'58
16
.... ..
.
..
May 1966
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Agencies
(In millions of dollars)
Defense Department
Fiscal year
or month
Legislative
Branch
1957
1958
1959
1960
1961
1962
1963
1964
1965
99
118
126
13 A
153
li7
152
165
1966 (Est.)...
1967 (Est.)...
191
205
Executive
Judi- Office
ciary of the
President
-"J?
u.
Ul
i9
52
57
10
11
56
56
70
29
23
23
62
65
24
82
29
91
31
16
20
16
9
2
6
6
3
July
August.
September
October.
November.
December.
IS
6
2
8
15
23
16
14
6
6
2
1966-January.
February
March. . ,
April. ..
1965-April
May
June
.
.
Fiscal 1966
to date
2
Funds
appropriated
to the
President
Commerce
Depart-
culture
Department
4,115
4,081
4,109
1,764 3/
1,303
2,05?
3,968
4,119
4,307 ^/
875
091
419
Q24
0^9
735
639
733
807
902
971
999
1,128
1,153
1,234
2,295
2,645
3,092
3,403
3,685
4,215
4,909
5,498
5,740
-23
199
1,152
309
502
739
410
328
250
666
751
690
801
908
1,029
1,124
1,205
214
229
250
258
284
294
317
328
358
418
567
1,016
436
-414
1,242
1,322
384
405
522
522
878
755
313
494
1,013
477
69
49
77
4,063
3,848
4,322
102
95
137
541
547
535
-23
34
80
88
28
5
97
30
27
31
46
33
86
129
67
3,601
4,131
4,300
4,252
4,210
4,789
96
541
121
125
131
134
129
402
787
-103
66
159
541
6
145
233
37
28
29
29
30
39
33
63
84
70
79
67
43
79
84
467
600
138
128
113
112
104
136
4,411
4,198
5,246
4,766
115
79
102
qq
662
613
918
752
-93
291
166
-58
94
30
29
51
-168
144
110
43,905
1,133
6,283
309
316
y
443
418
-152
3,298
5,638
57
73
-24
6/
605
Treasury Department
Fiscal year
or month
179
206
272
247
19
33
July
August.
September
October.
November.
December.
49
22
.
1966-January
February
March. . .
April. .
.
.
Fiscal 1966
to date
1,103
309
391
733
District
of
Columbia
8/
91122/
703
26
25
31
28
50
72
66
57
61
800
840
600
635
5,600
5,300
5,177
5,718
301
275
65
111
199
134
230
61
63
74
50
529
48
433
507
450
449
474
197
241
-119
-11
24
104
106
97
106
158
102
207
210
177
186
205
135
57
55
60
65
-140
22
12
66
61
58
55
74
73
44
60
208
482
473
484
525
206
38
-271
6
111
129
131
9
9
17
53
1,000
966
966
49
40
33
962
963
1,005
13
32
32
29
1,035
976
1,035
1,013
115
103
192
186
110
113
197
193
71
66
62
64
352
9,920
1,115
1,937
649
Actual figures are from the monthly statement of recipts and
expenditures of the Government (for explanation of reporting bases,
see page II) j estimates, including effect of proposed legislation,
are from the 1967 Budget document released January 24, 1966.
Note:
Agency shifts are shovm in this table beginning with the period
Source:
93
43
5,093
948
955
989
6
68
43
593
2,390
2,300
5
31
624
1,338
1,407
-3
May
June
27
401
744
1,257
2,552
4,171
91
91
407
405
74
88
84
104
87
87
4,805
5,098
5,232
5,250
5,401
5,392
5,173
5,478
5,488
12,000
12,750
1966 (Est.)...
1967 (Est.).-.
69
76
83
68
23
31
425
359
408
387
445
466
53
InterTotal by fund
agencies transctions
Total
budget
expenditures
2/
570
77
258
307
408
347
383
57
74
National
Other
General
Veterans'
AeroindeServices
Adminisnautics
pendent
Adminisand Space tration
agencies
tration
Adm.
441
508
638
698
726
751
795
7,244
7,607
7,593
9,180
8,957
9,120
9,895
10,666
11,346
1965- April
On
refunds
of taxes
Federal
Aviation
Agency
748
1,990
2,268
765
,
2,178 11/ 2,541
2,623
875
987
2,713
2,806
985
2,758
1,059
2,765
1,193
2.625
1,306
1957
1958
1959
1960
1961
1962
1963
1964
1965
53
L.e33:
Atomic
Energy
Commission
Interest
State
DepartOn
ment
public
debt 7/
578
805
7,662
10,191
10
12
18
66
914
797
770
1,314
1,369
62
152
525
.
52,925
57,150
55<^
3
549
831
620
257
370
480
808
923
255
2
513
674
774
889
5,798
18
8
572
Post
Office
Department 2/
4,868
5,028
50
49
76
121
7
Labor
Department
38,439
39,062
41,233
42,824
44,677
48,205
48,252
49,760
46,173
521
1,112
839
647
756
603
6
Civil
Interior Justice
Depart- Department
ment
562
645
382
539
498
594
676
686
758
315
348
272
308
352
367
2
2
Military
Health,
Housing
Education, and Urban
and
Development
Welfare
Department
Department 1/
145
427
482
489
449
470
521
37
477
528
57
64
456
519
51
502
512
524
287
552
4,793
4,229
940
956
224
794
937
293
159
129
194
224
384
118
3
1
-12
2
19
83
132
941
40
69,433
71,936
80,697
77,233
82,169
88,419
93,155
98,348
97,377
107,075 12/
113,559 12/
8,277
8,208
9,115
7,319
9,082
9,453
8,803
9,327
9,458
467
966
567
71 369
80 342
355
694
654
633
513
664
870
647
712
92
45
79
92
1
53
223
31
76, 539
81, 515
37, 787
92, 642
97, 684
96, 507
106 428 25/
112 847 12/
8,268
8,116
9,070
7,240
8,990
9,452
8,750
9,105
9,426
8,882
8,173
10,198
8,375
13
8,809
8,156
10,193
8,362
?,070
585
88,485
73
16
5
shifts have not been adjusted.
of such shifts; figures prior to the
represent functions
Therefore, some expenditures do not necessarily
a more consistent
which are comparable over a period of time (for
basis, see Table 6).
Footnotes on following page.
Treasury Btdletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 4.- Interfund Transactions Excluded from Both Net Budget Receipts and Budget Expenditures
tin millions of dollars)
Interest payments to
Fiscal
year or
month
Total
Total
interest
Commodity
Credit
Corp.
ExportImport
Bank of
Washington
^21
181
4""
330
ISb
9bb
^-'
(E3t.)
(Est.)
'^
;/65-
r.8i
322
Housing
and Urban
Development
Department
2
Panama
Canal
Compa ny
96''S-January
February
March
April
Fiscal 1966 to date
2/
y
6/
z/
Admin.
'
.,5
..1
39
7
1'
90
118
U'-
Veterans'
Administration
3/
u.
19
23
32
51
1'jO
10
34
152
11
iO
47
i9
15
U7
II
36
12b
130
12
12
33
1/.
20
79
1
79
2
4?
V'D
Under
Defense
Production
Act 4^
Other
1/
Reimbursement by
Panama
Canal
Company
6^
2/.
10
30
9
12
11
13
12
35
6
8
6
15i
125
15
35
16
18
22
26
78 7/
106 7/
Charges
for
audits
of
various
agencies
15
17
18
19
9 8/
9 8/
1
5?
39
22"-'
1
?1
2.'.
73
If-.
K
It
5
585
572
298
39
136
See Table i.
By Government, agencies operated as revolving funds; on loan^ (see "Debt
'Jutstanding," Table o) and other interest-bearing U.S. investments.
Formerly Housing and Home Finance Agency,
Consists of payments by:
Office of the Secretary for college housing, urban renewal, and public
facility loans; Federal National Mortgage Association; and Public
Housing /Administration.
Direct loan program.
By various agencies for programs under Defense Production Act.
Consist of payments by the: Colorado River Dam Fund, Boulder Canyon
project; Virgin Islands Corporation; Bureau of Federal Credit Unions;
Civil Defense Program Fund; Farmers' Home Administration; Informational
6/
2/
8/
»
Footnotes to Table 3
1/
2/
Business
ity
jource:
5/
Small
Tennessee
Valley
Author-
April
May
June
July
August
September
October
November
December
J.
*"{-;•=
Formerly Housing and Home Finance Agency.
Consists of net expenditures of the Postal Fund, reflecting the change
in classification of Post Office transactions to a public enterprise
revolving fund basis, and beginning fiscal I960, payment for public
services.
Adjusted for reclassification.
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
1960, approved September 13, I960 (^2 U.S.C. 1101).
Includes $258.8 million paid to the International Monetary Fund for the
additional United States gold subscription, authorized by an act approved June 2, 1965 (see "Account of the Treasurer of the United States,"
Table A).
Net decrease is due to sale by the Commodity Credit Corporation of certificates of interest on loans held by the corporation. Net expenditures, excluding this sale, were $3^0 million.
Reported on an accrual basis effective June 30, 1955.
Consists of Federal payment and loans and advances.
For content. See Table 4-.
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).
10/
11/
12/
*
3i
U
13
Media Guaranty Fund beginning 1959; Federal Ship Mortgage Insurance
Fund beginning I960; St. Lawrence Seaway Development Corporation
beginning I960; Economic Opportunity Loan Fund and Upper Colorado
River storage project beginning 1965; and Farmers' Home Administration
rural housing loans beginning 1966.
For net cost of Canal Zone Government, less tolls on Government vessels, and for part of treaty payment for use of Canal Zone.
Includes $45 million in 1966 and $48 million in 1967 for power marketing agencies.
Includes $9 million in 1966 and 1967 for fees and other charges of
power marketing agencies.
Less than $500,000.
-
(Continued)
"Effective January 1, 1957, the production credit coporations were
merged in the Federal intermediate credit banks, pursuant to Farm
Credit Act of 1956, approved July 26, 1956 (12 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.
Includes $1,375 million paid to the Int Brnational Monetary Fund for
the additional United States subscription, authorized by an act
approved June 17, 1959, consisting of $3^A million in gold (see
"Account of the Treasurer of the United States," Table i) and
The special notes of the United
$1,031 million in special notes.
States issued to international institutions are nonnegotiable and
noninterest-bearing and are payable on demand.
See also "Consolidated Cash Transactions," Table 2 and "Debt Outstanding," Table 1.
Includes an allowance for contingencies of $75 million in 1966 and
$350 million in 1967.
Less than 1500,000.
May 1966
Table
5.-
ADMINISTRATTVE BUDGET RECEIPTS AND EXPENDITURES
Summary of Appropriations and Authorizations, Expenditures
and Balances, by Agencies,
as of March 31, 1966
(I" nllllons of dollars; negative figures are deductlo..s
In the columns In which they appear)
Agency-
Unexpended
balances
brought forward
July 1, 1965
Additions, fiscal year
Appropriations
L/
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Agriculture Department
Commerce Department
Defense Department:
Military
Civil
Undistributed foreign transactions
Health, Education, and Welfare Department
Housing and Urban Development Department 6/
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
Atomic Energy Commission
Federal Aviation Agency
General Services Administration
National Aeronautics and Space Administration
Veterans' Administration
Other independent agencies
District of Columbia - Federal payment and loans to.
Total
67
4,914
1,415
195
81
27
6,211
7,190
1,288
33,123
399
60,975
1,385
3,517
14,190
709
64
514
501
147
239
1,559
568
673
3,354
1,257
13,122
123
8,413
1,796
1,354
380
703
707
401
13,502
2,366
859
590
5,175
5,690
1,563
96
97,030
120,947
5
6
16, 565
Deductions, fiscal year 1966 to date
Agency
Expenditures
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Agriculture Department
Commerce Department
Defense Department:
Military
Civil
Undistributed foreign transactions
Health, Education, and Welfare Department
Housing and Urban Development Department 6/
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
Atomic Energy Commission
Federal Aviation Agency
General Services Administration
National Aeronautics and Space Administration
Veterans' Administration
Other independent agencies
District of Columbia - Federal payment and loans to.
Adjustment to monthly statement of receipts and
expenditures of the Government
Deduct:
Certain interfund transactions
Total budget expenditures
2/
a/
2/
V
Authorizations
to expend from
debt receipts ^/
to dat
300
-16
15
579
3
6,511
7,753
1,306
60,975
1,385
410
-236
16
2
8,413
1,970
1,372
380
703
707
401
13,50^
2,366
859
590
5,175
5,690
1,566
96
1,009
12;, 01^
Unexpended balances March 31, 1966
Unused authorUndisbursed izations to
appropria- expend from
debt receipts 2/
19
3,014
5,790
25
533
300
1,775
1,658
39,121
1,032
34
5,531
868
1,016
278
348
690
323
9,990
1,744
-60
3
Other auth'jrizations ^^
1.-7
111
27
14
13,671
134
58
54,910
741
5,991
3,737
Unfunded
contract
authorizations
Invest-
ments
held
8/
375
1,365
225
127
10
-34
175
6,400
2,150
926
165
869
517
225
3,751
2,181
4,290
3,942
809
1
72
54
38
842
761
4,239
2,560
1,568
127
555
100,164
585
501
8,984
16
3,231
122
753
179
1,390
266
10,845
11
-11 2/
29,848
5,456
2,326
572
80,123
Bureau of Accounts. Details for the current fiscal year to date
are shown in Bureau of Accounts report "Budgetary Appropriations and
Other Authorizations,
Expenditures and Unexpended Balances."
Although not expended, a substantial portion of these amounts is
obligated for payrolls, outstanding purchase orders and contracts for
equipment and supplies, and similar items.
Includes reappropriations.
Consists of authorization by law for Government-owned enterprises to
borrow (l) from the Treasury (to expend from public debt receipts), or
(2) from the public (to expend from corporate debt receipts).
Consists of new contract authorizations, established by law for the
current fiscal year, net of current appropriations to liquidate
either current or prior contract authorizations.
Source:
Rescissions,
cancellations,
and other
adjustments 7/
80,695
Total
l°i^A
Increase
5/
6/
7/
^
S/
^
9/
agencies.
Consists of appropriation transfers between
Formerly Housing and Home Finance Agency.
,
,.„ „,„i,„ fund,
fundfrom
(-), the surplus
Consists of transfers to, or restorations
""^hor ^ and
borrowing
of
adjustments
rescissions, cancellations, or
miscellaneous receipts; and
contract authority, capital transfers to
,
issued
°pibUc1ibr::c^ities and cerUin ^aranteed securities
based on accounts subR:;re^nts the'd'^ff^r^ce between this report
preliminary
corresponding
certain disbursing officers and
receipts and expenditures of the
used InThe monthly statement of
Government.
Less than $500,000.
»Utedbv
^^
»
by
Treasury Bulletin
—
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Bxpendltures and Balances by Functions
(Fiscal years;
in millions of dollars)
1966 through March 1/
Functions
National defense ;
Department of Defense-Military
Military assistance
A tomi c energy
Defenge-related activities
Function
code
number
1961
051
057
058
43,227
1,449
2,713
059
196i
1965
Expenditures
48,252
49,760
1,721
2,758
24
46,173
1,229
2,625
136
39,156
624
1,744
104
1,485
2,765
172
47,494
51,103
52,755
54,181
50,163
41,525
216
1,927
158
1,653
249
2,130
346
1,826
259
1,444
201
1,779
297
1,479
207
1,704
346
2,094
197
1,726
223
1,641
1,023
3,954
4,301
4,151
3,687
4,304
2,888
251
744
1,257
2,552
4,171
5,093
4,290
351
352
353
35i
355
2,345
349
3,093
234
4,144
3,438
251
301
268
392
347
324
303
367
341
3,954
300
342
2,973
209
308
264
362
3,667
1,444
151
152
153
15-1
Total International affairs, and finance
Space research and technology
1963
46,815
1,390
2,806
92
Total national defense
International affairs and finance :
Conduct of foreign affairs
Economic and financial programs
Foreign information and exchange activities
Food for Peace
1962
1
161
Agricultxire and agricultural resources:
Farm income stabilization 3/
Financing farming and rural housing
Financing rural electrification and rural telephones
Agricultural land and water resources
Research and other agricultural services 4/
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
,
,
iOl
402
403
404
405
409
Total natural resources
Coameree and transportation:
Aviation,
,
Water transportation
Highways
Postal service
Advancement of business
Area and regional development
Regulation of business
501
502
503
505
506
507
508
Total commerce and transportation
Housing and community development
Aids to private housing _^
Public housing programs
Urban renewal and community facilities
National Capital region
391
342
324
414
4,338
5,311
5,475
331
61
1,623
280
68
1,779
303
1,832
332
1,922
374
71
91
73
81
94
91
112
55
94
60
73
105
130
73
105
120
134
94
1,635
328
92
96
117
69
2,056
2,206
2,431
2,563
2,750
2,337
716
569
781
654
808
672
835
658
642
513
39
690
530
124
324
341
457
4,117
36
33
41
914
271
797
427
770
366
101
67
7
74
39
578
401
401
84
91
875
728
39
805
557
398
98
2,573
2,774
2,843
3,002
3,499
2,611
-44
-149
-537
-595
150
162
163
261
178
222
-818
230
420
166
352
51
74
70
149
306
59
64
55
320
349
-67
-80
-104
645
1,878
1,882
345
2,786
464
2,827
73
;
551
552
553
555
Total housing and community development
Health, labor, and welfare:
Health services and research 6/
Labor and manpower
Public assistance 2/.
Economic opportunity program
Other welfare services
651
652
653
655
659
Total health, labor, and welfare
Education:
Assistance for elementary and secondary education S/.
Assistance for higher education 2/
Assistance to science education and basic research...
Other aids to education 8/
701
702
703
704
Total education
Veterans' benefits and services:
Veterans' service-connected compensation 10/
Veterans' nonaervlce-connected pension 11/.
Veterans readjustment benefits 12/
Veterans' hospitals and medical care
Other veterans' benefits and services U/.
'
Total veterans' benefits and services
Footnotes at end of table
801
802
803
804
805
73
961
1,233
809
2,147
591
2,331
1,511
224
2,631
327
382
423
466
513
1,595
352
2,602
639
527
4,2U
4,538
4,789
5,475
5,898
5,715
332
286
143
337
350
181
392
428
206
219
404
183
207
241
418
413
309
405
614
576
263
268
943
1,076
1,2U
1,339
1,544
1,721
2,034
1,532
559
1,030
259
2,017
1,635
388
1,084
279
2,116
1,698
-13
1,145
240
2,158
1,743
3,255
113
1,229
249
2,176
1,864
-50
1,27C
235
5,414
5,403
5,186
5,492
5,495
3-954
211
fContlmied on follovlng page)
383
310
-387
963
124
May 1966
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions
-
(Continued)
(Fiscal years; in millions of dollars)
Functions
Interest
Interest on the public debt
Interest on refunds of receipts
Interest on uninvested funds
Function
code
number
1961
1962
1963
1964
10,666
1965
;
851
852
853
Total interest
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
3,957
83
10
9,120
68
9,895
74
10
11
11
12
9,050
9,198
9,980
10,765
11,435
118
135
22
653
419
153
300
136
131
63
21
715
444
142
323
139
126
66
22
791
576
174
335
189
142
52
22
607
372
liO
289
109
1,709
1,875
1,979
2,280
82,169
88,419
93,155
98,348
65^;
633
513
664
81,515
87,787
92,642
97,684
38
11,346
77
:
Total general government
901
902
903
904
905
906
908
910
57
Undistributed
Total
Certain interfund transactions included in
both expenditures and receipts
Less:
Budget expenditures
(
see table 3)
76
23
825
606
174
366
190
2
Treasury Bulletin
10
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 8.- Summary of Internal Revenue Collections by States, Calendar Year 1965
(In thousands of dollars)
Individual Income and employment taxes
States, etc.
1/
Alabama . . .
Alaska
Arizona . ,
Arkansas. .
California.
.
Colorado, , .
Connecticut.
Delaware. . .
Florida
Georgia
Total
collections
Total
Individual
income tax
not withheld
Income tax
withheld and
old-age and
disability
2/
instirance
7o0,869
31,673
403,622
361,822
10,678,811
585, i29
157,316
72,271
339,789
282,764
7,690,046
l'',353
116,179
105,015
2,142,849
418,064
54,290
221,095
175,246
5,429,452
1,319,339
2,062,882
1,115,095
I,9i9,346
1,591,828
1,058,854
1,352,551
465,271
1,428,413
1,082,907
160,063
393,708
176,471
528,957
252,417
888,926
940,707
285,009
877,789
820,454
298,4U
55,300
45,641
1,263,996
375,103
248,005
167,341
123,474
4,142,539
1,357,629
400,307
187 120
Railroad
retirement
Corporation
Unemployment Income
taxes 2/
insurance
4,807
628
2,381
2,296
79,347
135,674
6,676
40 631
47,375
1,587,535
4,169
9,507
3,788
9,565
8,452
138,327
419,386
556,706
321,943
323,715
102,359
917
568
1,415
1,370
46,278
15,759
4,171
57,750
42,062
2,197,721
442,388
134,221
5,241
133
208
38,398
5,696
8,629
3
12,102
1,584
151
294
,
Hawaii.
Idaho. .
Illinois.
Indiana.
Iowa
8,95-4,190
2,598,172
891,256
224,207
170,779
5,555,171
l,749,i08
653,051
Kansas
Kentucky. . .
Louisiana . .
Maine
Maryland ^,
729,126
1,949,733
1,020,745
281,587
2,822,980
551,815
574,746
742,602
214,783
2,104,568
181,774
229,110
61,882
458,951
330,307
373,553
507,594
148,391
1,590,073
31,261
15,184
871
2,788
45,329
3,127
4,235
5,027
1,722
10,215
131,812
201,027
186,194
46,132
323,817
Massachusetts.
Michigan
Minnesota
Mississippi. .
Missouri
3,284,635
10,108,383
1,850,461
331,654
2,783,404
2,269,035
3,894,130
1,255,138
269,107
1,767,842
5i7,363
794,074
275,368
93,439
398,993
1,690,767
3,044,841
931,009
172,765
1,320,166
3,732
8,026
34,911
447
34,978
26,673
47,189
13,850
2,457
13,706
697,513
3,199,623
439,893
46,299
655,747
Montana
Nebraska
Nevada
New Hampshire.
New Jersey, . .
181,602
650,750
223,717
247,192
3,987,875
142,606
463,224
168,002
19i,698
2,577,366
53,527
138,194
51,086
50,891
713,706
88,016
293,245
115,712
142,231
1,828,192
218
28,787
845
2,999
1,204
1,532
29,964
29,160
120,075
34,283
40,148
925,586
New Mexico
New York
North Carolina
North Dakota . .
Ohio
240,530
21,145,723
2,868,694
129,677
7,291,031
198,727
11,857,674
1,020,339
111,739
4,538,955
56,401
2,533,065
255,041
47,406
865,995
140,991
9,144,209
753,908
63,674
3,599,140
1,329
102,427
10,364
637
M9
24,908
6,977,228
555,928
10,837
1,741,278
Oklahoma
Oregon
Pennsylvania...
Rhode Island...
South Carolina
1,070,602
799,575
7,115,360
518,714
562,470
595,821
607,714
4,755,321
361,182
412,159
177,599
175,982
1,019,571
83,490
108,147
413,555
424,853
3,618,941
274,590
300,029
4,623
4,262
39,474
3,090
3,878
167,561
136,595
1,390,694
103,337
120,076
South Dakota.
Tennessee. . ..
Texas
Utah
Vermont
144,684
1,073,804
4,512,958
313,212
120,168
116,306
781,842
2,842,095
237,263
93,538
45,452
241,225
917,725
52,689
27,428
70,139
532,616
1,888,268
182,056
64,525
719
6,632
21,128
1,485
683
18,158
209,087
812,107
53,498
16,698
Virginia
Washington, . .
West Virginia.
Wisconsin
Wyoming
1,806,713
1,399,532
410,383
2,038,134
99,108
1,065,346
1,037,641
314,124
1,306,238
76,806
290,354
270,424
91,166
312,295
32,335
728,683
759,254
218,832
983,219
44,047
38,663
707
7,646
7,257
4,074
10,378
421
277,748
231,918
63,470
483,877
7,613
426,625
-191,050
-3,324
56,788
306,643
778,390
-3,824
56,788
132,501
120,498
771,278
-3,824
56,783
1,034
7,112
2,611
53,028
117,694,071
73,369,401
18,060,638
54,029,452
655,368
623,942
27,035,115
.
.
International 6/
Undistributed depositary receipts 2/--Transferred to Government of Guam ^. ,,
Withheld taxes of Federal employees 2/
Total,
223,293
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
2/ 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;
,
5/
6/
2/
8/
2/
43
5,505
6
77,973
1,027
22
41,671
U
2,616
77,336
12
105
-4
1,369
14,974
1,033
903
53
347
3
32,
and amounts collected on Puerto Rican 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 (48 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.
...
.
..
.
.
.
.
Q
'
May 1966
u
.TRUST AND OTHER TRANSACTIONS.
Table 1.- Summary of Trust and Other
Transactions
Cin millior.s of dollars)
receipts or
expenditures (-),
from trust
and other transactions
Trust and deposit f ix-
'Jet
Fiscal year
or month
1957
1958
1959
I960
Excess of
receipts, or
expenditures (-)
accounts
Met
expenditures
receipts
V
1/
u.3;i
I96I
1962
633
-329
-50
-602
i36
329
-2,751
-870
790
1963
97
-851
196/V
551
1965
i26
l,i10
30,331
31,047
1966 (Est.).
1967 (Est.).
-104
120
-247
3,726
33,539
41,608
1965-April..
972
-577
-617
-748
2,562
-380
2,201
.
59
182
-28
156
.
-4.5
-1,001
2,223
-1,189
-1,186
305
-701
May
. .
.
June .
.
July
August. .
September.
October.
November
December.
.
966- January
Febniary
March
April
.
189
.
66
.
71
Fiscal 1966 to date.
-",333
-ca7
1.1-1
4'"r:i
1,130
-9P5
-855
-493
26 'i45
23,385
1
,
."53
l.^'.lh
-'3~
1,7?r
,
1.022
,33c
-2,775
-2,356
1
37,382
-1,936
-4,944
2,179
1.338
2,949
2,323
3,599
1,471
4,885
3,219
-3,597
-615
249
458
1,417
4,572
1,954
1,262
3,012
1,935
2,413
2,349
3,142
2,44V
2,707
2,636
951
3,048
2,621
2,996
88
782
-1,120
4,181
2,745
2,215
1,518
-3,456
24,244
-251
Net sal^, or redemttio(-), of securities of
Ci.verrment agencies in
5,141
27.68-^
-2,097
1,560
Met sale, cr investment
(-), by Government
agencies in public debt
securities 2/
12,932
15,325
19,521
21,212
;-,"Q3
Id, 153
16,769
20,3ir
23,533
24,290
1,U3
1,U6
1
d
Source:
Actual figures ar-^ from the monthly statement of receipts and
expenditures of the Government (for explanation of reporting bases,
see page IX); estimates, including effect of proposed legislation,
are from the 1967 Budget document released January 2/i, 1966.
Certain interfund transactions are excluded from both receipts and
expenditures beginning with the July I96I issue of the Bulletin.
For details see Table 6,
2/ Includes guaranteed securities (see Table i)
29,637
33,-:'36
1,37.-'
378
1,045
15
-2,515
1,210
1,308
-519
935
473
-49
265
%335
1,897
-1,749
-2
1,1-0
27,701
2,779
33
168
-45
3V
2,195
Note:
Figures In this table differ from thrse published prior r.r Aufrust
1963 for shifts in classification including security transactions .^f
Government-sponsored enterprises from deposit fund account expenditures
to net investment by fiovernment 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.
V
Table 2.- Trust Receipts
(In millions of dollars}
Fiscal year
or month
1957
1958
1959
i960
Federal
Old-Age and
Survivors
Insurance
Trust Fund
7,101
7,824
8,109
10,360
11,824
1961
Federal
Disability
Insurance
Trust
Fund
Federal
Hospital
Insurance
Trust
Fund
Kailroad
Retirement
Account
National
UnemService
ploymen t
Life InTrust
surance
Fund
Fund
1,917
339
943
929
1,062
1,083
1,092
1,145
1,355
753
1,403
1,051
1,081
1 ,128
,192
1,342
1,997
2,703
3,803 4/
3,985
4,261
4,288
4,132
1,412
1,584
50
3,912
3,923
674
678
47
2,780
45
2,361
242
40
37
217
46
39
3^
1
17,502
21,113
1,532
2,110
1,219
2,997
1,466
97
222
19
102
901
122
644
161
581
43
174
11
96
904
34
157
525
199
.
May
June
.
.
July
Augus t
September.
October
November
December.
. .
.
.
.
.
1966- January
.
February
March
April
.
.
Fiscal 1966 to date.
2,672
965
448
1,627
919
112
96
103
33
112
76
105
2,441
1,664
1,177
9
225
166
106
161
151
12,600
1,048
363
November 1956, see Table 10, published quarterly).
For content see Table 6. These transactions are included in the
179
507
43
39
41
49
37
73
1=5
51
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 - military advances under foreign assistance programs
and mutual security trust funds; certain Department of Agriculture^
receipts; 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
2/
102
633
1,766
2,033
48
1966 (Est.).
1967 (Est.).
1965-April
58
54
5"
,458
1,741
662
1,211
1,241
856
2,731
61
1,397
1
661
16,417
1
69
67
63
Feieral
employees
retirement
funds
2,086
2,255
2,465
2,674
1962
1963
1964
1965
12,011
13,856
16,043
608
640
634
643
668
664
658
jovemment
Life
Insurance
Fund
4/
5/
*.rust
I'rist
Fund
1
receipts
1/
Ir terfund
trans-
638
14,301
16,153
16,769
20,342
23,583
24,290
27,689
30,331
31 ,047
795
767
41 ,608 5/
,432
2,144
2,C88
2,541
2,800
2,955
3,293
3 540
3,670
,
^rust and
other
eceirts
i/
633
535
13'
-"ll
908
773
390
1,546
1,402
1,50n
515
523
505
521
3,864
4.381
1."55
2"1
120
165
33
194
173
619
2
188
333
1
20:
41
243
1r^
134
182
335
314
325
124
146
jr>9
309
33
951
193
205
130
321
ir,
4,131
2,745
2,215
1
1
1
1
293
343
232
1,8U
2,201
435
120
153
112
>:'!
144
15'r'
33,539
4
102
24
7
}'
4,385
3,219
1,417
4,572
1,954
1,262
3,012
1,935
222
1,222
24,244
3,203
13
1,953
but
are deducted
expenditures,
trust
and
receipts
trust
both
detail of
from the totals.
of financial
Excludes certain interfund transactions consisting mainly
interchanges between trust funds resulting in receipts and expenditures
(see footnote 2)
Tax
Beginning fiscal 1961, tax receipts under the Federal Unemployment
in the Un^
Act are transferred currently to an administration account
of 1960,
employment Trust Fund pursuant to the Employment Security Act
approved September 13, I960 (42 U.S.C. 1101 (b)).
Insurance
Medical
Supplementary
Includes $1,104 million for Federal
3,009
3/
then
.-.i,^tway
423
Trust fund.
Treasury Bulletin
12
.TRUST AND OTHER TRANSACTIONS.
Table 3.- Trust, Deposit Fund, and Government -Sponsored Enterprise Expenditures
'
...
..
,
'
May 1966
13
.TRUST AND OTHER TRANSACTIONS.
Table 4.- Investments In Public Debt and
Agency Securities (Net)
^Tn millions of dollars; negative figures
are excess of sales)
Trust accounts, etc.
Fiscal year
or month
Total
2/
etc. 1/
Federal
Old-Age and
Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
Federal
Hospital
Insurance
Trust Fund
Railroad
Retirement
Account
Unemployment
Trust
Fund
National
Service
Life
Insurance
Fund
Government
Life
Insurance
Fund
Federal
employees
retirement
funds
H i ghway
Trust
Fund
Other
trust
accounts
etc. 1/
'
1957
1958
195^
I960
3
?'-*7
506
-499
-1,13'-
2 32
-1 ,2Q0
-726
-725
-1,039
3s;
1961
1962
1963
196i
1965
iv3
, 069
2,775
2,356
1966 (Est.)..
1967 (Est.)..
1.936
i.9ii
-321
T-
1965-April .
May
June.
.
.
.
July
August.
Septembe'
October.
November
December
1
Total
trust
accotmts,
966- January
February
March...
April.
-1 ,i71
3,597
615
fc92
,664
-',U3
1
-1,509
-1,362
3,737
i72
i61
1
,
200
-313
2,227
-1,108
2,ii6
-1,206
-1,206
397
-1 ,937
-\i99
,721
333
-58
-360
-1
7i9
563
-968
1
-20
-1 ,210
-2,779
-2,924
552
21
-12Q
-139
-263
-432
164
790
296
-74
-911
1,295
-1
,119
-1,025
233
-596
-3,662
803
127 2/
-24 2/
-3 2/
45
27
93
-41
62
-21
871
-U
69
149
44
-90
69
126
-35
-44
-25
-22
-22
1,063
1,034
1,075
1,126
1,214
233
202
242
-69
-344
301
174
307
1,003
976
195
74
-16
-23
1,150
1,049
-105
-90
26
233 2/
-92
-7
^58
-207
-1
-89
-1Q
-1,255
-1,011
8a
-115
190
-76
687
-68
-77
9
10
671
958
70
-32
-3
71
31
-4
47
63
45
129
28
485
-27
-661
-3
-5
66
68
117
-2 3
347
82
8
-3
34
52
-47
-5q
-149
-2
40
»
64
43
27
-35
303
-12
14
12
7
55
-73
-40
18
-92
-174
346
-186
-129
-4
-5
-9
-9
-6
-4
-6
-5
30
46
31
347
-a9
615
32
-40
547
149
143
-571
-16
-56
-17
39
-952
72
456
573
967
-32
-6
48
-103
-105
95
76
404
418
-393
-428
1
_2P
-1,0i5
2,515
-1,210
-1,308
519
-935
. .
Fiscal 1^66
to date
2,i12
2,327
36
-33
-35
264
-73
-63
16
53
13
95
-121
-25
2
51
-78
277
642
Treasury Bulletin
u
.TRUST AND OTHER TRANSACTIONS.
Table 5.- Sales and Redemptions of Government Agency Securities In Market (NetJ
(In mllllona 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 1/
Total
guaranteed
Federal
Farm
Mortgage
Corporation
Federal
Housing
Administration
Home
Owners'
Loan
Corporation
Trust
enterprise
fund
D.
C.
stadium
fund
Public enterprise funds
Total not
guaranteed
1/
-1,1373/
-33
1957
1958
1959
1960
-1,171
-400
-1,293
-1,746
-33
6
6
-10
-29
-10
-28
1961
1962
1963
1964
1965
537
-1,780
-1,022
-1,880
-1,372
-100
-204
-162
-206
223
-204
-162
-206
223
1966 (Est.)
1967 (Est.)
-2,079
-1,338
192
154
192
154
-2,271
-1,492
-249
-458
-378
62
62
51
Ic
51
16
-312
-509
-393
-15
116
-28
-20
116
-28
-20
1965-April
May
June
July
August
September
October
Novemuer
i
-'.73
49
-33
-lc£
ef?rmLe"-
1966- January
February
March
April
Fiscal 1966 to date
-265
40
-Ml
-21
-13
-73;
-2,195
-81
Federal
National
Mortgage
Association 2/
-19
-406
-1,283
-1,717
-233
638
-1,576
-860
-1,674
-1,595
797
-131
-445
29
28
69
-62
-197
9
40
-19
-21
-13
35
-305
-241
-321
-720
122
-2,317
6
Home
Owners'
Loan
Corporation
May 1966
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/
Federal
Mospi tal
Insurance
Trust
Fund
U
Railroad
Retirement
Account
V2/
195"
195?
195-
1.'i
I960
rii
1
1961
33:
1962
1963
196i
1965
3';i
1:3
i03
i36
1966 (Est.)
1967 (Est.)
Ai5
6
13
22
22
27
29
27
1965-April
May
June
July
August
September
October
November
December
1966- January
February
March
April
Fiscal 1966 to date
i3'-.
2i
16
Treasury Bulletin
16
.TRUST AND OTHER TRANSACTIONS,
Table 7.- Federal Old-Age and Survivors Insurance Trust Fund
1/
(In millions of dollars)
Receipts
Fiscal year
or month
Total 2/
Expenditures other than investments
Appropriations
1/
Deposits by
States /^
Net earnings
on investments
1937-56
1957
1958
1959
1960
1961
1962
1963
196i
1965
45,996.1
7,100.6
7,824.4
8,108.7
10,360.0
11,823.9
12,011.0
13,855.7
16,043.4
16,416.5
41,629.4
6,243.0
6,794.9
7,084.0
9,192.4
10,537.2
10,600.0
12,351.2
14,335.1
14,572.4
433.2
296.8
472.1
481.1
650.3
755.4
869.6
989.6
1,166.6
1,257.9
3,889.2
555.3
555.4
543.0
516.4
530.2
539.0
512.4
1966 (Est.)
1967 (Est.)
17,501.8 6/
21,112.8 6/
15,486.0
18,932.0
1,218.7
2,996.6
1,465.8
July
August.
September.
October.
November
December.
1965-April
May
June
.
.
.
.
.
1966- January
February
March
.
.
.
1937 to date 2/
Total
Benefit
payments
1937-56.
1957....
1958....
1959....
1960
1961
1962
1963....
1964....
1965
539.0
583.1
22,452.8
6,514.6
7,874.9
9,049.1
10,269.7
11,134.5
12,657.8
13,844.6
14,579.2
15,225.9
124.4
600.4
331.7
360.8
422.5
402.6
435.6
1,378.0
1,511.0
556.2
589.9
18,847.6 7/
19,877.0 8/
18,125.0
19,064.0
445.0
520.0
1,195.0
2,572.0
1,249.7
3.3
389.0
20.4
26.5
213.8
1,322.4
1,322.8
1,779.4
1,291.0
1,291.7
1,302.8
435.6
580.6
2,672.1
964.9
574.0
2,226.3
2.7
988.0
423.4
-28.6
3.8
22.3
5.5
1,324.2
1,319.2
2,114.4
1,295.2
1,287.0
2,075.8
447.6
1,627.5
918.9
416.0
1,323.9
698.0
278.6
-.6
26.2
25.0
217.9
1,467.7
1,495.8
1,436.1
1,435.8
1,459.0
1,468.1
104.8
2,441.4
1,664.3
99.9
2,182.5
1,666.0
237.1
-7.5
4.0
21.8
5.8
1,506.2
1,542.1
1,544.6
1,468.6
1,498.9
1,497.0
160,962.3
143,514.3
8,284.0
9,095.6
U3,109.9
137,138.6
2.3
5.4
.9
Construction 10/
1966- January
February
March
.
1937 to date
4.6
4.5
4.5
18,834.7
20,070.6
17,322.3
18,523.0
1,512.4
1,547.6
26.8
26.5
36.4
-103.7
1,673.8
-313.5
18,820.2
20,494.0
20,180.5
16,559.1
18,785.9
18,765.7
2,261.1
1,708.2
1,414.8
4.3
4.8
7.9
24.6
27.4
30.6
-743.6
1,352.9
-1,149.5
17,854.7
19,150.0
18,031.2
1,582.2
1,639.8
1,609.1
.3
.1
-4.2
4.4
6.5
35.9
32.1
47.4
-1,020.1
131.7
-517.2
19,436.9
20,789.8
19,640.3
18,620.2
18,751.9
18,234.7
17,005.8
17,238.9
16,642.9
1,614.4
1,513.0
1,591.9
.2
4.6
4.8
4.3
33.0
38.3
43.1
-1,401.4
899.4
119.7
16,833.3
17,732.7
17,852.4
15,143.7
16,031.5
15,973.7
1,689.6
1,701.2
1,878.8
36.7
821.8
2,871.3
17,852.4
17,852.4
15,973.7
1,878.8
.1
.1
.1
.
Source: See Table 1.
1/ Includes transactions under the predecessor Old-Age Reserve Account,
2/ Total includes: $15.4 million (1937-56) transferred from general fund
for administrative and other costs of benefits payable to survivors of
certain World War II veterans (60 Stat. 979 and 64 Stat. 512); $28.6
million (1937-56), $5.2 million (1957), and $1.6 million (1958), paid
from the Railroad Retirement Account; 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 paper.
2/ Includes unappropriated receipts beginning January 1962.
To cover employees of States and their political subdivisions, under
the Social Security Act Amendments of 1950 (42 U.S.C. 4I8).
1/ See Table 9.
6/ Includes $78 million for payment for military service credits.
2/ Includes $5.1 million for proposed increase in limitation of admin-
V
assets
Unexpended
balance
3/
-1,345.8
1,235.9
.
2./.
307.8
276.6
Investments
-85.9
-45.2
.2
.
54.1
Total
-28.8
-33.2
-60.3
-62.9
-63.8
-75.1
.1
October. .
November.
December
46.6
in
550.1
765.6
1,048.4
1,067.0
1,079.9
1,376.8
1,206.5
1,353.9
1,421.0
1,414.8
.1
.
551.0
119.0
138.9
173.2
179.3
223.6
263.5
275.4
312.4
322.8
(-),
22,043.0
22,263.3
21,764.2
20,474.4
19,748.8
19,523.5
18,434.7
17,613.2
18,304.9
18,765.7
.3
.
399.3
30.9
34.5
39.0
39.4
43.8
45.3
48.5
51.7
52.4
Reimbursement (-) from
Federal Disability Insurance Trust Fund
22,593.1
23,028.9
22,812.6
21,541.4
20,828.7
20,900.3
19,641.1
18,967.1
19,725.9
20,180.5
3.5
6.5
July
August.
September.
Assets, end of period
22,593.1
435.8
-216.3
-1,271.2
-712.7
71.6
-1,259.2
-674.1
758.8
454.6
.3
1965-Aprll
May
June
Reimbursement
Bureau of
to general
OASI 22/
fund ii/
2,678.2
Net increase,
or decrease
Administrative expenses
1.6
11.6
12.5
1.8
3.1
1.7
2.6
1966 (Est.)
1967 (Est.)
^
23,403.0
6,664.8
8,040.7
9,379.8
11,072.7
11,752.3
13,270.2
14,529.7
15,284.6
15,961.9
Expenditures, etc. - (Continued)
Fiscal year
or month
Payments to Railroad Retirement
Account
-9.1
-17.5
-85.9
-436.7
8/
2/
10/
11/
12/
»
istrative expenses due to pay increases and $.5 million for vocational
rehabilitation services.
Includes $1 million for vocational rehabilitation services.
Includes adjxistment 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. 4OI (g)(1)), for
administration of Titles II and VIII of that act and related parts of
the Internal Revenue Code (26 U.S.C. 480-482, 1400-1432). See also
footnote 12.
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. 4OI (g)(1)); previously these expenses
were included in reimbursements to the general fund.
Less than $50,000.
i
9
May 1966
17
.TRUST AND OTHER TRANSACTIONS.
Table 8.- Federal Disability
Insurance Trust Fund
(In
millions of dollars)
Receipts
Fiscal
year or
month
Appropriations
Total
1/
Expenditures other than investments
Deposits by
States
2/
Payments
Interest
investments
Total
1.3
Benefit
payments
to
Railroad
Retirement
•ccount
y
1957
1958
1959
1960
1961
1962
1963
196i
1965
338,6
333.3
862.9
836.9
928.9
953.3
944,5
993,8
1,056,9
1,082,0
68.7
77.3
81.9
86.3
93.2
1.4
16.1
33.7
47,6
61,5
70,0
69.6
67,7
65.2
1,345.0
1,886,0
114.0
151.0
57.3
57,2
.1
29.2
1,3
2,6
122.
96,0
190,0
97,9
,7
23,8
43,3
173,5
103,1
43,0
169.5
73.0
9-12,5
,
928,7
1,061,5
1,083,5
1,091,8
y
1,U5,3
1,210,8
1,240.5
1966 (Est.)....
1967 (t;st.)....
1965-Apr..
May..
June.
July,
Aug..
Sept.
Oct.
Nov,
Dec.
1966-Jan.
Feb,
Mar.
1957 to date
1,532. A 6/
2,110.2 6/
97.3
221.8
3.9
63.5
58.1
58.1
,3
4.0
29.4
.7
32,7
112,0
76,2
31.0
90,4
52,0
8,9
225.3
166.3
8.4
215.0
155.0
.1
.4
6.3
10.7
4.0
8,829.8
658.6
9,984.5
.1
18.8
2.1
1.6
2.7
22.2
180.8
361.1
561.0
746.3
1,088.5
1,259,2
1,340,5
1,497.8
168,4
339,2
528,3
704.0
1,011.4
1,170.7
1,251.2
1,392.2
11,0
19.6
19.1
23,6
1,939.7 7/
1,941.5 3/
1,715.0
1,782.0
25,0
27,0
122.5
122.0
150.2
122.1
121.6
126.3
121.8
121.3
190.8
121.5
120.9
190.5
138.1
140,1
229.0
137.8
139.8
139.1
.5
140.5
146.4
147.4
140,0
146.0
147.0
469,2
8,412,1
7,847.9
Source:
See Table 1.
1/ Includes unappropriated receipts beginning January 1962,
To cover employees of States and their political subdivisions
under the
Social Security Act (42 U,S,C, 418),
3/ See Table 9,
For appropriate share of administrative expenses, including interest,
paid from the trust fund during the preceding fiscal year as determined
B/
5,1
Administrative:
Reimbursement toFOASI
Trust
Fund
V
9.4
18,0
29.5
34,1
62,5
65,3
66.4
78.2
89,5
General
fund
1.3
3.0
3.9
3.1
3.1
3.7
3.6
3.8
3.8
Total
in
Investments
337.3
761.7
567.6
500.6
337.2
3,3
-114,0
Unexpended
balance
1/
-129,7
-257,3
337.3
1,099,0
1,666,6
2,167,2
2,504.4
2,507,7
2,393,7
2,264.0
2,006.7
325.4
1,054.5
1,606.9
2,100.9
2,385,6
2,406,1
2,277.2
2,138.5
1,875.6
59.7
66.4
118.8
101.5
116,5
125.5
131.1
102.2
116.9
-407.4
168.6
1,599.3
1,768.0
1,444,0
1,607,7
155.3
160,2
.4
-25,2
99,8
-27,9
1,934,8
2,034.6
2,006.7
1,729,5
1,849,0
1,875,6
205,3
185,6
131,1
-78,5
52,2
-87,8
1,928.2
1,980.4
1,892.6
1,776.3
1,823.9
1,720,6
151.8
156.5
172,0
-105.4
-28.2
-152.7
1,787.2
1,759.0
1,606,3
1,615.2
1,589.2
1,438.1
171.9
169.8
168,2
.4
-131.6
78.9
18.8
1,474,7
1,553.6
1,572.4
1,308,7
1,376,8
1,380,2
166,0
176,7
192,2
32.8
1,572.4
1,572.4
1,380.2
192,2
,3
,4
•
4
.4
.3
89.5
.6
.4
^5-.
(-),
Assets, end of period
assets
,3
,3
23,
Net
increase,
or decrease
11.9
44,5
by the Secretary of Health, Education, and Welfare (42 U,S,C, 401(g)(1)).
Includes $26.8 million paid from Railroad Retirement Account.
Includes $16 million for payment for military service credits.
Includes $1.6 million for proposed increase in administrative expenses
due to pay increase; $.9 million for construction; and $5,5 million for
vocational rehabilitation.
includes $2.6 million for construction and $13 million for vocational
rehabilitation.
Less than $50,000.
Table 9.- Railroad Retirement Account
(In millions of dollars)
Treasury Bulletin
18
.TRUST AND OTHER TRANSACTIONS,
Table 10.- Unemployment Trust Fund
(In millions of dollars)
Expenditures other
than investments
Receipts
Eraployment security program
State
accounts
1/
Fiscal
year
or month
Employment Security
Administration
Account 2/
Total
Advances
from
Approgeneral
priations
fund
Deposits
by
States
Federal
Unemployment
Account
Federal
Extended
Compensation
Account
4/
3/
1936-56
1957
1958
1959
1960
1961
1962
1963
Deposits
by
Railroad
Retirement
Board
7/
Advances fromRailroad
Retirement
Account
1965
4,132 2
1966 (Est.).
1967 (Est.).
3,911.5
3,923.4
2,900.0
2,900.0
539.5
539.4
144.8
144.9
19t5-Apr..
May..
June.
241.6
901.4
161.3
216.4
S30.9
41.3
2.7
1.8
1.0
3.9
29.8
4.S
July.
Aug.
Sept.
9r.O
904.3
83.5
1.5
.6
83n.4
14.8
1.8
2.2
33.8
37.6
8.9
2.4
5.8
25.6
Oct..
Nov.
157.3
524.8
199.2
98.0
462.7
23.7
1.5
1.0
.6
5-4
5.0
29.8
6.4
1.1
39.7
36.7
37.0
179.1
72.4
315.6
74.5
465.5
24.0
-210.?
196/i
Dec.
.
19h6-Jan
Feb
Mar.
.
3
la
5
4
3
3 11/|
4
7
3
232.1
71.2
33.5
1,091.4
74.3
90.4
102.0
a
2.6
344.4
452.6
945.4
846.6
614.9
n^
90..;.
Administration
fund 9/ Interest
and
Deposits profits
by
on
Railroad investRetire- ments
ment
Board
7.9
8.9
8.6
8.1
7.9
Total
by
States
2,478.2 16,661.0 10/L 5,497.2
224.8 1,643.9
1,510.7
230.9 3,148.0
2,926.4
186.9 3,053.9
2,796.9
188.1 2,736.4
2,366.3
204.5 4,733.7 11/ 3,552.0
172.6 3,906.4
2,818.8
191.1 3,815.5
2,810.2
212.6 3,706.6
2,703.3
255.3 3,130.0
2,389.6
to
States
152.7
147.1
149.8
144.1
142.8
52.0
52.0
7.2
7.1
268.0
280.0
2,390.4
2,947.3
2,182.1
2,202.5
457.8
509.0
.3
13.2
9.9
87.2
279.5
212.3
247.6
217.3
164.6
154.4
34.8
30.9
56.6
.2
17.2
1.6
157.8
207.8
204.0
134.9
158.6
133.3
15.1
39.0
37.3
12.0
12.6
105.6
166.8
264.3
236.4
115.7
213.6
169.8
40.5
40.4
32.5
.4
247.0
268.1
350.5
233.3
205.9
222.8
44.2
82.4
13.0
7.0
-.6
.12.0
9.5
.6
2.0
.3
2.0
7.4
.
EmployState
ment
accounts Security
1/
Administration
Account
With2/
drawals
Grants
183.7
132.3
101.5
37.7
35.2
58.2
153-.0
498.1
332.9
2.4
51.5
34.9
-81.9
-4.5
General
fund
3/
21,541.9
1,541.7
1,500.7
1,700.6
2,lc7.0
2,398.1
2,728.b
3,008.9
3,042.4
3,051.5
;5,i50.
1,912.
1,855.
1,997.
2,703.
3,803.
3,935.
4,260.
4,288.
Employment
security program
Railroad unemployment insurance
Railroad Unemployment
Insurance Account 6/
2.6
31.9
5.2
2,353.2
581.3
17.7
2.6
.2
2.1
375.0
467.6
336.4
412.7
399.4
.3
1936 to date
57,202.4
4A,625.4
339.3
3,758.2
833.5
Expenditures other than investments
Employment security program - (Continued)
Employment Security Adminis
tration Account - Continued)
(
Fiscal
year
or month
Reimbursenents and
recoveries
Temporary
Salaries extended
Interand
compenest on
expenses sation
advances
payments
11/
Repayment of
advances
from
general
fund
^
Reimbursement
to State
accounts
1/
Railroad Unemployment
Insurance Account 6/
3.0
3.5
3.4
3.0
112.0
2.4
7.7
10.0
11.6
12.8
13.4
1966 (Est
1967 (Est
28.2
9.5
2.6
3.8
15.6
19.4
102.0
102.0
,
,
466.3
325.4
6.1
37.8
2.4
1,056.7
133.1
221.6
247.7
275.0
251.7
201.6
166.7
133.9
115.2
1965-Apr..
May.
June.
16.7
7.9
3.3
1.0
1.4
1.1
9.0
6.6
6.5
July.
Aug..
Sept.
.5
.7
1.2
1.2
1.9
5.6
7.8
7.9
Oct..
Nov.
Dec.
1.4
1.2
1.7
1.1
7.6
8.0
8.6
1966- Jan..
Feb..
Mar.
1.9
7.3
10.6
1.8
9.1
6.9
8.7
.3
.4
.1
1936 to
205.5
date 12/.
Source; See Table 1.
2.2
.6
2.3
767.7
791.7
Adminis-
Net
tration
increase,
fund
or
S/
decrease
Repayment of
advances toTemporary
Benefit
Railroad
Adminextended
Retirepayistrabenefit
General
ments
ment
tive
payments
fund
Account
ex-
5.1
5.1
5.6
54.6
,
9.3
10.0
9.3
.1
86.1
32.2
37.2
8.9
47.0
90.1
2.5
9.9
7.1
94.6
9.1
9.7
9.1
8.8
9.1
7.9
7.4
7.4
'13.8
(-),
in
assets
581.8
1,002.2
8,789.8
9,057.9
7,765.4
6,716.2
6,683.0
5,752.6
5,831.6
6,276.8
6,858.5
7,860.8
1,021.1
976.1
8,881.9
9,858.0
8,789.8
268.2
-1,292.5
-1,056.5
-33.1
-930.4
79.0
U5.2
ly
UnexInvestpended
ments
balance
8,701.5
8,975.7
7,720.6
6,709.4
6,663.5
5,716.5
5,788.7
6,245.1
6,818.4
7,785.1
8,788.1
9,764.2
38.3
32.3
44.8
6.7
14.5
36.0 16/
42.9
31.6
40.2
75.6
93.8
93.8
7,258.0
7,947.0
7,860.8
7,056.6 201.4
7,900.2 46.9
7,785.1 75.6
-61.8
696.5
-120.5
7,799.0
8,495.5
8,375.0
7,709.2
8,396.3
8,328.1
-9.5
260
-37.2
!8,365.5
8,625.5
8,588.3
8,251.3 114.2
8,554.0 71.5
8,542.2 46.0
.2
-67.9
328.4
-277.7
8,520.4
3,843.8
8,571.0
8,368.2 152.2
3,714.3 134.5
8,528.6 42.4
68.0
8,563.8
8,571.0
8,528.6
.4
22.8
.
1.0
19.4
Total
-37.9
689.1
-86.3
1.0
24.7
46.3
2,873.5
19.4
371.8
(Footnotes on following page)
40,959.4 2,322.8
Assets, end
of period
(Continued)
1936-56..,
1957
1958
1959
1960
1961
1962
1963
1964
1965
481.2
303.9
-15.0
-2.3
4,515.0 48,638.6
Railroad unemployment insurance
Federal Extended
Compensation Account
Payments to
general fund
-
69.9
19.4
89.8
99.2
46.9
42.4
May 1966
19
.TRUST AND OTHER TRANSACTIONS.
Table 11.- National Service Life Insurance
Fund
Treasury Bulletin
20
« TRUST
AND OTHER TRANSACTIONS,
Table 12.- Investments of Specified Trust Accounts In Public Debt Securities
by Issues, as of March 31, 1966
(In millions of dollars)
.
May 1966
21
CONSOLIDATED CASH TRANSACTIONS
Consolidated cash transactions reported in the TreasuryBulletin are on a basis consistent with Federal receipts from
both.
Noncash items representing the obligations of the
Government to make payments in the future also are eliminated
and payments to the public as derived in the Budget of the
from expenditures currently, but are added later when actual
United States (in the Budget for 1967 in Special Analysis A)
payments are made.
Shovm also is the amajnt of net cash borrowing from, or repayRevisions of the figures for
accrued on the public debt and expenditures involving the
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
ment
of borrowing to, the public.
nearly comparable with current Budget classifications as avail-
These itans consist of certain interest
are excluded from payments.
Receipts from the exercise of
differ somewhat from those published in previous Budget doc-
monetary authority are excluded as not representing cash
received from the public. Federal cash borrowing from the
cuments as well as in the Bulletin.
public includes net borrowing by the Treasury through public
able data will permit.
For this reason certain of the figures
This series of cash transactions is designed to provide
debt transactions and also net borrowing by Government agencies
information on the flow of money between the public and the
and Government-sponsored enterprises through sales of their
Federal Government as a whole, and therefore includes transactions not cleared through the account of the Treasurer of
own secxirities.
It excludes changes in the public debt which
do not represent direct cash borrowing from the public.
The
Receipts and payments include transactions
net effect of all these transactions with the public is re-
both in administrative budget accounts and in trust and deposit
flected in changes in the balance in the Treasurer's account
the United States.
fund accounts
.
Major intragovemmental transactions which are
reported as both expenditures and receipts are excluded from
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)
i-eaerai
Fiscal year
Administra-
or
tive budget
receipts
r.on*>h
(net)'
Fiscal year:
10^7
l^'g
.915
,763
,659
,i09
376
459
072
100,000
111,000
33,539
41,608
-5,385
-7,068
Jun"?
8,549
7,268
13,i0i
2,201
4,885
3,219
July
August
September .
October, . ,
November . .
December..
3,807
7,350
10,999
3,295
8,106
9,553
6,453
8,335
11,297
9,929
>- 1
1>^
1^<d3
c
Vlh-J
Total
Federal
receipts
from the
public
82,105
81,892
81,660
95,078
97,242
101,865
109,739
115,530
119,699
''
19---:
(net)
Intragovernmental and
other
noncash
transactions
(See Table 2)
-2,758
-2,811
-3,025
-3,027
-4,001
-3,834
-4,326
-4,259
-4,420
l''i
IQr
Trust
receipts
14,301
16,153
16,769
20,342
23,533
24,290
27,689
33,331
51,047
= 5C
l'<;'.'
!
Federal payments to the public
receipts from the public
(Est.)
(Est.)
1965-April
May
1966-January.
February.
March
April
.
.
.
Fiscal 1966 to dat
Trust fund
expenditures (net)
(net)
Fiscal year:
1957
195S
1959
1960
1961
1962
1963
1964
1965
public
81,515
87,787
92,642
97,684
96,507
2,099
-1,580
-13,092
750
-2,300
-5,797
-4,012
-4,802
-2,696
128,154
145,539
106,428
112,847
33,786
37,882
-5,165
-5,681
135,048
145,048
-6,894
491
-257
-296
-1,289
10,492
11,587
15,334
8,268
8,116
9,070
2,949
2,323
3,599
-741
128
-1,098
10,476
10,567
11,571
1,290
3,763
1,417
4,572
1,954
1,262
3,012
1,935
-242
-328
-354
-274
-390
-650
4,981
11,595
12,599
4,283
10,728
10,838
7,240
8,990
9,452
8,750
9,105
9,426
2,418
2,349
3,142
2,447
2,707
2,636
37
-4,7U
-942
9,696
12,299
11,090
10,518
12,312
11,121
951
4,181
2,745
2,215
-313
-116
-238
-290
7,091
12,i00
13,804
11,853
8,809
8,156
10,193
8,362
3,048
2,621
2,996
3,335
-624
486
-1,103
-372
11,233
11,264
12,086
11,325
-4,142
1,136
1,713
-3,242
112,944
-12,771
Plus:
Fiscal year
or month
to the
public
Equals:
Excess of cash
receipts from,
or payments
to (-), the
80,006
83,472
94,752
94,328
99,542
107,662
113,751
120,332
122,395
76, 539
960
-1,504
-679
500
27,701
88,485
100,173
Cash borrowing from the public, or repayment (-)
Change in securities held by the public
Public
debt increase, or
decrease (-)
Total
Federal
payments
-1,399
-3,222
-5,111
-3,423
-4,766
-5,266
-5,436
-6,237
-3,749
-3,196
68,966
71,369
80,342
Intragovernmental and
other
noncash
transactions
(See Table 2)
12,938
15,325
19,521
21,212
22,793
25,141
26,545
28,885
29,637
24,244
79,125
Administrative budget
expenditures
Net sales
of Government agency
securities in
market 1/
Net investment
in securities by
Government
agencies 2/
Total
securities
held by
the public,
increase, or
decrease (-)
Noncash
debt
transactions
(See Table 2)
Total
cash
borrowing
from the
public,
or repayment (-)
Plus:
Treasurer'
account
528
Cash held
outside
the
Treasury
Total
changes
in the
cash
balance
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
1,575
140
-23
-4
-222
118
-74
206
174
-952
4,299
-4,422
2,651
-1,533
3,854
1,611
-874
1,749
901
1,568
-3,910
-186
-4,096
13
12
14
105
1,480
1,795
447
-504
-131
975
1,6U
9
14
26
36
32
-263
-215
148
24
-141
-31
-4,383
-1,073
1,157
-2,328
833
-259
171
-3,100
5,820
8,626
1,848
712
9,594
49
1,248
10,517
6,612
4,958
4,578
292
200
-2,160
-597
-536
-923
-1,033
-1,099
-250
5,579
3,859
4,328
45
117
1,897
-2,060
-3,392
5,619
10,785
-705
1,509
-6,234
-1,584
-283
Cash balances,
Equals:
net increase, or
decrease (-)
Seigniorage
y
16
5,853
5,561
1,022
1,880
1,372
-2,339
-597
1,130
-925
-855
-493
-2,069
-2,775
-2,356
1966 (Est.).
1967 (Est.).
2,328
1,835
2,079
1,338
-1,936
-4,944
2,471
-1,771
-574
-289
1965-April..
May
-1,140
2,661
-1,944
249
1,471
-3,597
-615
580
-57
523
458
378
-478
-2,180
151
17
-327
-2,163
367
-383
-332
3,495
2,460
83
-50
318
-383
-378
3,370
2,385
-24
48
-4,124
-858
1,010
-2,852
974
-177
3,177
-255
-1,924
486
60
48
71
66
-1,076
973
-224
453
-44
90
627
-904
929
-134
1,080
6,773
411
-5,903
317
-5,586
June.
-2,224
5,816
8,363
1,625
2,640
9,230
7,659
.
July
August.
September.
October
November
December,
.
.
.
,
.
1966-January, ,
February.
March
April
Fiscal 1966 to date.
1,171
400
1,293
1,746
-537
1,780
2,44.6
-692
1,658
-1,493
2,154
2,310
-807
473
-49
33
168
-45
1,045
-2,515
1,210
1,308
-519
935
1,099
1,308
-2,312
-1,416
265
260
341
732
1,897
-1,749
-2
1,170
3,261
-181
-1,973
4S6
-84
-74
2,309
2,195
2,779
7,283
-510
15
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 page ll); estimates, including effect of proposed legislation, are from the 1967 Budget document
released January 24, 1966,
See "Trust and Other Transactions", Table 5, for net sales and
Source:
1/
2/
2/
»
-46
-125
-75
-107
50
59
44
53
55
58
69
5
552
redemptions of Government agency securities in market.
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 1966
23
CONSOLIDATED CASH TRANSACTIONS
Table 2.- Intragovernmental and Other Noncash
Transactions
[
In
millions of ioll^rs)
Intragovernmental transactions excluded
Fiscal year
or month
Fiscal year:
1957
1953
1959
1960
1961
1962
1963
1964
1965
,
31;'
Payroll
deductions
for employees
1965-April
Hay
June
.
.
.
.
.
1966- January
February ....
March
April
Fiscal 1966 to date
Employers'
share
Federal
payments
to District
of Columbia
~U
579
37
1
75
Other 2/
158
133
103
105
792 4/
,315
.327
,404
,423
,467
603
,759
744
83?
845
914
973
1,042
838
845
914
973
1,042
74
102
83
33
102
1,810
1,957
1,065
1,073
1,065
1,073
101
152
1,24'
42
93
80
93
-8
26
42
'
54
5il
898
559
357
21
1,080
89
80
89
7
10
6
65
39
89
24
24
90
91
90
91
15
11
53
129
44
81
56
349
86
87
8
42
103
36
100
87
662
902
55
.
both receipts and paym.
Ul
,3i.?
1966 (Est.)
1967 (Est.)
July
August
September
October
November.
December.
Interest
on trust
fund
investments
fro^,
Civil service retirement 1'
69
11
81
86
87
103
101
87
903
6
-9
4
25
40
125
53
37
-191
-50
Total
2,709
2,7?1
2,980
2,975
3,945
3,776
4,231
4,190
-.,303
i.4
284
1,275
233
314
328
238
358
602
253
10
166
224
230
2,785
Noncaph
debt
transactions
relating
to receipts
oeignlorage
53
Treasury Bulletin
24
.
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Source and Availability of the Balance In the Treasurer's Account
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
the same bank.
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.
for their own account as well as for the account of their
The working cash of the Treasury Is held mainly In
customers.
Treasurer's accounts with Federal Reserve Banks and branches.
As the balances In these accounts become depleted, they are
The tax and loan account system permits the Treasury
to leave funds In banks and In the communities In which they
arise until such time as the Treasury needs the funds for Its
restored by calling In (transferring) funds from the tax and
loan accounts with thousands of commercial banks throughout
In this way the Treasury Is able to neutralize
the effect of Its fluctuating operations on bank reserves
operations.
the country.
Dsposlts to tax and loan accounts occur In th« 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
money from a customer's account to the tax and loan aooount In
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 I955, pages 275-284.
Table 1.- Status of the Account of the Treasurer of the United States
(In millions of dollars)
Assets
Treasury operating balance
End of
fiscal
year or
month
1957
1953
1959
I960
Available
funds in
Federal
Reserve
Banks
,
1961
196?
1963
196i
1965
1965 -April
May
June
July
August.
September
October. .
November..
December.
.
1966-January
.
February
March. ...
April. ...
Tax and loan
accounts in
special
depositaries
Ctold
balance
in
Treasury
805
521
512
4,444
4,491
55
233
6,769
10,509
12,116
11,036
12,610
4
34
55
478
561
79
62
551
51
189
145
220
120
120
11,251
10,233
108
11,469
534
111
7,990
9,810
11,469
7,390
6,569
7,503
4,697
507
527
534
559
553
57
5,693
5,392
538
558
73
129
4,288
536
586
570
572
87
158
34
6,934
8,822
3,360
4,399
335
441
313
58
222
303
342
234
64
70
944
823
6,037
9,990
179
147
136
145
109
112
108
111
104
107
110
103
107
105
105
108
105
5,309
5,074
5,107
Source: Daily Treasury statement.
Includes reserves and other deposits of the Board of Trustees, Postal
1/
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 vrithin 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
Total
In other
depositaries assets
440
365
429
375
5,969
9,54s
5,453
8,815
10,324
9,180
10,689
401
101
106
Reserve
Banks in
process of
collection
302
237
273
337
121
408
612
806
939
672
4,872
4,577
etc.
37
49
63
489
10,689
6,333
5,548
6,394
3,534
Unclassified
collections,
metal,
coin, and
currency
190
259
306
253
4,082
3,218
3,744
6,458
672
947
916
1,002
1,053
719
708
In Federal
5,069
9,030
4,380
7,068
498
410
535
504
875
Total
operating
balance
Silver
balance,
coinage
53
741/
89
2/
3/
173
237
360
320
357
272
320
268
291
312
188
182
247
291
234
216
217
310
281
647
274
257
236
347
5,451
8,092
Balance in
Liabilities account of
Treasurer
1/
of U. S.
447
240
100 2/
87
75
79
5,590
9,749
5,3502/,
8,005
,
'
6,694
10,430
12,116
11,036
12,610
9,336
10,816
12,610
8,486
7,627
8,637
9.336
10,816
12,610
8,486
7,627
8,637
5,786
6,759
6,582
5,786
6,759
6,582
5,506
6,479
6,255
6,708
5,506
6,479
6,255
6,708
through June 1958, after which they are included in the balance in
(See footnote 2).
the Treasurer's account.
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 Govem»Bnt disbursing officers
and agencies.
Amounts shown, beginning January 1963, are net of uncollected items,
exchanges, etc.
Previously these items were included under liabilities.
If
ll
....,
,
May 1966
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 2/
Tax
anticipation
securities
1957
1958
1959
i960
2,976
2,82A
2,668
2,679
5,043
2,922
1961
2,787
2,725
2,699
2,760
2,635
7,613
5,898
2,963
1962
1963
1964
1965
1965-April
May
June
July
August.
September,
October.
November
.
.
December
1966-January.
February
March. .
April. .
220
196
207
229
210
193
196
7,581
7,784
34,511
37,519
33,059
3,931
985
246
1,788
3,774
3,830
2,014
1,627
Source; Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
1/ Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U.S. Government securities
purchased by them for their ovm account, or for the account of their
customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars inviting subscriptions to the issues.
Retirement
plan bonds first offered for sale as of January 1, 1963.
2/
3/ Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows:
Withheld income tax beginning
Total
credits
Withdrawals
End of
period
High
Average
^
27,881
29,190
1,503
5,498
4,655
1,462
5,542
4,120
1,134
261
218
.
26,709
2,340
2,452
265
6,568
13,513
13,164
7,920
I>uring period
Income (by
special
arrangement)
Withheld
and
excise 3/
41,267
43,580
42,475
200
211
.
Other
Taxes
4,152
7,903
5,919
6,053
45, US
55,044
58,520
57,496
46,000
50,908
62,994
54,782
4,082
8,218
9,142
55,842
56,438
57,595
58,277
60,050
56,847
53,076
56,085
59,421
58,540
3,745
6,106
6,906
1,764
5,752
8,536
5,337
7,592
6,159
4,374
5,939
7,591
4,114
6,521
6,835
9,921
12,598
2,022
412
2,044
74
4,223
76
4,940
4,024
1,924
1,U7
53
5,721
5,133
1,256
2,193
2,612
4/
»
6,458
6,078
8,869
8,055
6,458
813
1,078
912
1,390
2,987
3,246
3,638
4,103
5,453
8,815
10,324
9,180
10,689
7,653
8,889
10,324
10,257
10,872
1,161
1,531
2,535
4,457
4,082
4,218
5,040
6,120
6,537
7,690
8,198
6,253
6,453
6,934
8,822
10,689
6,333
5,548
6,394
3,534
4,872
4,577
6,934
9,272
5,591
4,900
7,546
4,067
3,7U
1,577
1,844
4,151
5,325
4,747
5,431
10,872
11,274
6,521
6,948
6,901
5,766
6,145
5,197
1,806
4,826
8,183
7,968
8,104
5,962
4,349
6,001
5,186
5,124
2,533
1,427
1,253
4,431
2,881
3,401
3,360
4,399
4,581
4.856
4,444
4,491
4,490
1,374
2,382
1,002
447
3,120
3,630
3,252
2,269
5,101
3,368
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 bonk, to be credited
to the tax and loan account in that bank. This procedure is followed
during some of the periods of heavy tax payments.
Less than $500,000.
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
(
Net-
Fiscal year
or month
In
millions of dollars)
cash transactions other than borrowing
Deposits and withdrawals (budget,
trust, and other accounts)
Cash
deposits
Cash withdrawals 1/
Excess of deposits,
or withdrawals (-)
Clearing
accounts
2/
309
-956
4,159
-4,399
2,654
-510
1,259
1,039
-1,491
-584
-1,387
-5,018
-2,984
-3,975
-1,515
76
8,755
4,670
2,895
3,089
-1,311
3,736
1,686
-1,080
1,575
733
1,287
4,244
-1,040
535
457
-307
1,822
4,701
412
-343
-2,906
105
1,480
1,795
9,445
14,106
10,105
11,314
13,321
11,223
-3,880
-1,197
2,479
-6,723
-1,408
-509
-746
807
-1,090
491
206
354
-4,627
-390
1,390
-6,232
-1,203
-155
502
-469
-380
3,379
2,176
-22
-4,124
-858
1,010
-2,852
974
-177
7,743
14,004
13,881
11,720
10,731
12,821
12,280
11,007
-2,984
1,184
1,601
712
-1,228
3,136
-291
263
-847
-4,212
1,264
1,864
-134
-2,089
-1,076
973
-224
587
453
105,629
116,353
-10,724
-1,710
-12,434
6,531
-5,903
77,279
85,015
93,736
93,817
4,596
-2,921
-12,124
1,044
-1,904
1,827
-306
1961
96,897
105,911
114,454
121,562
125, 4t.^
97,774
112,188
118,477
124,047
126,395
-877
-6,278
-4,023
-2,485
-931
10,264
13,675
15,018
9,530
12,388
10,775
July
August
September,
October
November ....
December. .
5,5e4
12,909
12,534
4,591
11,913
10,715
1966-January
February ....
March
.
.
April
Fiscal 1966 to date
Equals:
Treasurer's
account balance, increase, or decrease (-)
5,253
8,032
1,301
31,875
32,09i
81,612
94,862
1965-April
May
June
Plus:
Net cash borrowing, or repayment of
borrowing (-)
-1,094
-12,430
1,353
1957
1958
1959
I960
1962
1963
1964
1965
Total net
transactions
Figures
Actual figures are based on the daily Treasury statement.
Source:
in the first four columns of this table may differ somewhat from those
subbecause
of
originally published in the dally Treasury statement
80
1/
~
2/
sequent reclassification of certain transactions.
2,fP:-
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.
See footnote 1.
Previously included under cash withdrawals.
Table 4.- Gold Assets and Liabilities of the Treasury
I
In millions of dollars)
End of calendar year or month
Gold assets 1/
Liabilities:
Gold certificates,
etc.
Balance of gold in
Treasurer' s account
2/
1957
1958
1959
1960
1961
1962
1963
1964
1965
22,781.0
20,534.3
19,455.9 2/
17,766.6
16,889.0
15,978.1
15,513,0
15,387.7
13,733,2
22,272,9
20,138.2
19,350,5
17,665.6
16,771,2
15,852,1
15,392,9
15,231,0
13,626,4
508,1
396.1
105.4
101.0
117.8
126.0
120.1
156.7
106.8
1965-April
May
June
14,410,4
14,290,3
13,934.1 4/
14,300,1
14,179,0
13,826,3
110.3
111,3
107,8
July
August, . .
September
October. .
November ,
December,
13,857.4
13,857,0
13,857,6
13,857,2
13,804.9
13,733,2
13,747,0
13,752,4
13,751.0
13,747.2
13,702.5
13,626,4
110,4
104,6
106,7
110,0
102,4
106,8
1966-January ,
February,
March
April
13,732,2
13,730,2
13,633.5
13,632,0
13,627,6
13,625.3
13,525.0
13,527,2
104,6
104.9
108,5
104.7
.
Circulation Statement of United States Money through 1965; daily
Treasury statement thereafter,
Treasury gold stock; does not include gold in Exchange Stabilization
Fund,
See "International Financial Statistics," Table 1,
Comprises (l) gold certificates held by the public and in Federal
Reserve Banks; (2) gold certificates credits in (a) the gold certificate fund - Board of Governors, Federal Reserve System, and (b) the
redemption fund - Federal Reserve notes; (3) reserve of $156,0 million
against United States notes and through June 30, 1961, Treasury notes
Source:
1/
2/
2/
Jj
of 1890; and (4) gold deposited by and held for the International
Monetary Fund.
The United States payment of the $343,8 million increase in its gold
subscription to the International Monetary Fund, authorized by the
act approved June 17, 1959 (22 U.S,C, 286e) was made on June 23, 1959,
The United States payment of the $258,8 million increase in its gold
subscription to the International Monetary Fund, authorized by
P,L, 89-31, approved June 2, 1965, (79 Stat, 119) was made on June 30,
1965.
..
,
.
]
1
May 1966
27
MONETARY STATISTICS.
Table 1.- Ntoney In Circulation
(In millions &f iollars except per capita figures)
Currt
End of fiscal
year or month
1957
1958
1959
1960
1961
1962
1961
1964
1965
Federal
Reserve
bank
notes
120
110
100
92
85
78
73
.
.
July
August.
September
October.
November
December.
.
1966- January.
February
March. .
.
Gold
certificates 2/
Silver
certificates
5i
53
37
31
30
30
29
20
r
edera
Reserve
notes 3/
:reasury
notes of
1890
United
States
P.eservf-
note?.
notes
-,155
2,12'?
2,09A
2,009
l,8i7
1,723
19
23
13
13
13
68
22
22
22
22
13
13
68
67
67
67
66
66
22
22
22
22
22
22
13
13
13
13
13
13
786
753
722
698
66
66
65
22
22
22
13
629
619
609
69
69
69
Currencies presently
bcin^ issued 1/
59
57
56
36
22
1964-December
1965-Maroh
April.
Hay
June
National
bank
notes
ies no longer issued
13
13
13
299
922
877
829
681
651
r
eiera
,./
Treasury Bulletin
28
DEBT OUTSTANDING
Table 1.- Summary of Federal Securities
(
In millions of dollars)
Matured debt and debt bearing no interest
Interest-bearing debt
Total outstanding
Public debt
End of
fiscal
year or
month
Total 1/
Public
debt 2/
Guaranteed
securities
3/
2,042
1,646
2,873
3,090
2,042
1,646
2,873
3,090
285,672
294,442
301,954
307,357
313,113
240
3,300
3,759
3,907
4,357
4,163
3,299
3,759
3,906
4,356
590
285,911
294,886
302,559
308,169
313,702
316,557
319,218
317,274
657
606
590
312,864
314,770
313,702
312,209
314,166
313,113
655
604
4,349
5,053
4,163
4,347
5,052
4,161
317,056
318,742
317,270
319,394
322,176
321,359
316,582
318,240
316,748
318,901
321,711
320,904
474
502
522
493
465
455
312,667
314,396
312,879
315,047
317,819
316,968
312,197
313,896
312,359
314,557
317,357
316,515
470
499
462
453
4,388
4,346
4,391
4,347
4,357
4,391
4,384
4,344
4,388
4,345
4,355
4,389
322,419
323,746
321,454
320,051
322,003
323,311
320,999
319,583
416
435
456
468
318,012
319,354
317,036
315,686
317,599
318,921
316,582
315,219
413
433
454
467
4,407
4,392
4,418
4,366
4,404
4,391
4,417
4,364
1961
1962
1963
1964
1965
289,211
298,645
306,466
312,526
317,864
288,971
298,201
305,860
311,713
317,274
240
444
607
813
317,213
319,823
317,864
July
August.
September
October.
November.
December.
1966- January
February.
March
April
.
.
.
.
3/4/
106
101
110
139
270,527
276,343
284,706
286,331
107
284,817
286,471
276,
.
Matured
268,486
274,698
281,833
283,241
270,634
.
Special notes to
268,592
274,798
281,944
283,380
1957
1958
1959
I960
1965-April
May .
June.
Public
debt
Guaranteed
securities
4U
101
111
140
444
605
812
589
589
519
490
Source:
Daily Treasury statement,
1/ Includes certain debt not subject to statutory limitation. For amounts
subject to limitation, see page 1.
2/ Includes debt incurred for advances to certain wholly owned Government
agencies in exchange for which their securities were issued to the
Treasury (see Table 6).
2/
4/
^
6/
4,161
International
Monetary
Fund
529
597
476
445
International
Development
Association
InterAmerican
Development Bank
Other
V
Guaranteed
securities 3/
matured)
(
1,068
618
1,979
2,238
444
430
417
407
1
396
484
420
480
1
4U
1
1
1
1
2,496
2,667
2,922
3,289
3,167
115
129
142
138
125
150
150
3,367
3,167
3,167
159
159
138
150
150
150
422
418
414
2
240
227
234
195
244
278
3,462
3,434
3,494
3,489
3,470
3,470
138
138
118
118
100
100
150
150
150
150
150
4
JJO
394
394
393
393
391
391
230
246
3,558
3,548
3,592
3,597
82
82
142
142
142
136
392
372
373
371
349
438
310
295
292
250
1,158 6/
292
245
197
58
55
64
64
1
1
1
2
1
3
3
3
2
2
3
2
1
1
Held outside the Treasury.
Consists of Federal Housing Administration debentures, and also D, C.
Armory Board stadium bonds beginning July 1959.
For current month detail, see "Statutory Debt Limitation," Table 2.
Includes $909 million in Treasury bills which matured May 31, 1965
but for which settlement was made on June 1, 1965.
Table 2»- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
Total interest-bearing securities
End of
fiscal year
or month
Amount
outstanding
Public debt
and guaranteed securities 1/
.
.
.
.
1966- January
February.
.
March
April
.
bearing
securities
Total
2/
Bills
3/
Certificates
3.345
3.330
283,380
2.730
2.638
2.867
3.297
2.730
2.638
2.867
3.297
707
546
891
449
3.197
1.033
3.316
3.815
285,911
294,886
302,559
308,169
313,702
285,672
294,442
301,954
307,357
313,113
8,769
9,534
10,141
10,931
11,488
8,761
9,519
10,119
10,900
11,467
3.072
3.240
3.361
3.561
3.678
3.072
3.239
3.360
3.560
3.678
3.063
3.285
3.425
3.659
3.800
2.584
2.926
3.081
3.729
4.064
312,864
314,770
313,702
312,209
314,166
313,113
11,425
11,508
11,488
11,401
11,486
11,467
3.668
3.672
3.678
3.668
3.672
3.678
3.797
3.803
3.800
312,667
314,396
312,879
315,047
317,819
316,968
312,197
313,896
312,359
314,557
317,357
316,515
11,440
11,530
11,487
11,607
11,796
11,846
11,423
11,512
11,468
11,590
11,779
11,830
3.675
3.683
3.688
3.702
3.730
3.756
3.675
3.683
3.688
3.702
3.730
3.756
318,012
319,354
317,036
315,686
317,599
318,921
316,582
315,219
11,998
12,265
12,429
12,306
11,983
12,249
12,412
12,289
3.792
3.860
3.940
3.918
3.793
3.861
3.941
3.919
1961.
1962.
1963.
1964.
1965.,
July
August.
September.
October.
November
December.
Public
debt
Total
public
debt
7,325
7,245
8,066
9,316
281,
9U
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 with 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
Special
issues
Guaranteed
securities
1/
Marketable issues
7,328
7,248
8,069
9,320
268,592
274,798
.
Public debt
and guaranteed securities 1/
Public debt
Total
interest-
268,486
274,698
281,833
283,241
1957.
1958.
1959.
I960.
1965-April.
May .
June.
Public
debt
Computed annual interest rate
Computed annual
interest charge
\/
2/
2/
4/
Treasury
bonds
Nonmarketable
issues
V
2.504
2.806
3.304
4.058
2.482
2.576
2.619
2.639
2.853
2.892
2.925
3.219
2.635
2.630
2.694
2.772
2.611
2.622
2.628
2.681
3.704
3.680
3.921
3.854
3.842
2.829
3.122
3.344
3.471
3.642
3.330
3.364
3.412
3.462
3.493
2.803
2.891
3.003
3.238
3.372
3.U4
3.500
3.658
3.782
3.660
4.053
4.064
4.064
3.844
3.843
3.842
3.630
3.642
3.642
3.496
3.483
3.493
3.271
3.320
3.372
3.683
3.661
3.660
3.795
3.800
3.807
3.821
3.857
3.890
4.047
4.047
4.074
4.097
4.154
4.273
3.842
3.848
3.848
3.860
3.934
3.933
3.642
3.652
3.652
3.652
3.652
3.653
3.491
3.506
3.510
3.519
3.523
3.530
3.367
3.398
3.382
3.383
3.397
3.412
3.580
3.615
3.640
3.620
3.603
3.593
3.934
4.026
4.059
4.071
4.395
4.522
4.671
4.710
3.932
4.162
4.158
4.164
3.653
3.654
3.654
3.655
3.534
3.537
3.862
3.708
3.429
3,472
3.488
3.455
3.555
3.573
3.598
3.625
2.'842
4.721
3.073
3.377
3.283
4.851
4.851
4.851
4.351
the total, or for any group of issues, by the corresponding principal
amount. Beginning with data for December 31f 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 1960j 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.
.,..,..,
.
,
.
May 1966
29
DEBT OUTSTANDING
Table 3.- Interest -Bearing Public Debt
(In millions of dollars)
Public issues
Total
interestbearing
public
debt
End of
fiscal
year or
month
Marketable
Total
public
issues
Nonmarketable
Treasury
Certificates
Notes
Treasury
bonds 1/
U. S.
Total
bonds,
savings investbonds
ment
series
Depositary
bonds
1957
1958
1959
1960
268,486
274,698
281,833
283,241
221,658
228,452
237,078
238,342
155,705
166,675
178,027
183,845
23,420
22,406
32,017
33,415
20,473
32,920
33,843
17,650
30,973
20,416
27,314
51,483
80,839
90,932
84,853
81,297
65,953
61,777
59,050
54,497
54,622
51,984
50,503
47,544
11,135
9,621
8,365
6,783
196
1961
285,672
294,442
301,954
307,357
313,113
240,629
249,503
257,153
260,729
264,463
187,148
196,072
203,508
206,489
208,695
36,723
42,036
47,230
50,740
53,665
13,338
13,547
22,169
56,257
65,464
53,481
53,431
53,645
54,240
55,768
47,514
47,607
48,314
49,299
50,043
5,830
4,727
52,145
67,284
52,549
80,830
75,025
81,964
88,464
102,481
117
138
103
103
59
1962
1963
1964
1965
1965-April
May
June
July
August. .
September.
October.
November.
December.
.
.
1966-January. .
February.
April
3,546
3,256
312,209
314,166
313,113
267,807
266,333
264,463
212,451
56,925
210,954 5/ 55, 928y
208,695
53,665
55,051
52,523
52,549
100,475
102,503
102,481
55,356
55,379
55,768
49,959
50,002
50,043
3,285
3,282
3,256
312,197
313,896
312,359
314,557
317,357
316,515
264,408
264,116
264,290
267,600
270,304
270,260
208,664
208,402
208,381
212,097
214,619
214,604
53,662
53,657
53,655
57,660
60,172
60,177
52,549
50,435
50,444
50,175
50,215
50,227
102,452
104,310
104,282
104,262
104,232
104,201
55,744
55,714
55,909
55,503
55,685
55,655
50,119
50,155
50,180
50,259
50,320
50,324
3,255
3,252
3,243
2,816
2,809
2,797
317, 599
273,243
273,139
270,623
270,298
217,656
217,690
215,150
215,004
61,589
62,002
59,481
59,477
50,244
50,881
50,891
50,793
104,171
103,155
103 126
103,083
55,587
55,449
55,473
55,293
50,319
50,335
50,383
2,780
2,774
2,757
2,704
318,921
316,582
315,219
March
3,921
1,652
1,652
1,652
1,652
Source: Daily Treasury statement.
1/ Includes $50 million of Panama Canal bonds for fiscal years 1957-60.
2/ Consists of certificates of indebtedness. Treasury notes beginning
January 1963, and Treasury bonds beginning September 1964, sold to
foreign govenunents for Q. S. dollars.
2/ Consists of the dollar equivalent of Treasury certificates of
indebtedness and from October 1962 Treasury bonds issued and
,
^
^
50,420,
Foreign
series
securities 2/
Foreign
currency
series
securities 3/
Special
issues
Other
46,827
46,246
44,756
44,899
171
183
170
72
61
59
51
49
48
49
49
49
47
47
47
47
19
25
29
68
45,043
860
648
392
1,132
630
832
1,137
141
44,801
46,627
48,650
699
722
1,132
1,137
1,137
1,137
205
175
141
44,402
47,833
48,650
919
864
1,044
1,034
1,164
1,144
1,259
1,259
1,259
1,208
1,208
1,208
141
136
136
136
136
134
47,789
49,780
48,069
46,957
47,052
46,255
1,099
999
1,039
949
1,207
1,157
1,107
1,031
135
44,356
45,781
45,959
44,921
75
136
140
143
U,939
payable in designated foreign currencies.
Includes Treasury bonds. Rural Electrification Administration series
beginning July 1960; retirement plan bonds beginning January 1963:
Treasury certificates; and Treasury bonds.
Excludes $998 million Treasury bills maturing Ifey 31, 1966 for which
settlement was made on June 1, 1965.
Table 4.- Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
1/
(In millions of dollars)
End of
fiscal year
or month
Maturity classes
Amount
outstanding
Within
1
year
5 - 10
10 - 20
years
years
years
26,407
27,652
21,625
12,630
4,349
7,208
8,088
7,658
10,960
15,221
14,444
16,328
17,241
1
- 5
Average length
20 years
and over
1957
1958
1959
1960
155,705
166,675
178,027
183,845
71,952
67,782
72,958
70,467
40,669
42,557
58,304
8U
12,328
21,476
17,052
20,246
1961
187,148
196,072
203,508
206,489
208,695
81,120
88,442
85,294
81,424
87,637
58,400
57,041
58,026
65,453
56,198
26,435
26,049
37,385
34,929
39,169
10,233
9,319
8,360
8,355
8,449
212,451
210,954 2/
208,695
88,126
89,901 2/
87,637
61,487
56,178
56,198
37,116
39,172
39,169
6,106
8,450
8,449
19,616
17,253
17,241
5
yrs.
yrs.
yrs.
3 mos.
4 mos.
4 mos.
8,448
8,448
8,447
8,446
8,446
3
8,U5
yrs.
yrs.
5 yrs.
5 yrs.
5 yrs.
5 yrs.
3 mos.
5
214 ,604
17,222
17,210
17,199
17,184
17,167
17,148
5
92,444
96,491
93,392
93,396
56,192
55,266
55,264
54,952
60,593
60,602
39,166
35,032
35,027
35,024
35,021
35,013
217 656
217 690
215 ,150
215 004
96,461
94,226
91,704
91,820
60,608
62,893
64,306
64,076
35,013
35,008
33,607
33,603
8,444
8,443
8,442
8,441
17,131
17,120
17,092
17,065
4 yrs.
4 yrs.
10 mos.
1962
1963
1964
1965
1965-April
May
June
July
August.
,
. .
September.
October.
November.
December.
.
1966-January. .
February.
March
April
208 ,664
208 ,402
203 ,381
212 ,097
214:,619
87,635
92,
U6
72,
Source:
Office of Debt Analysis in the Office of the Secretary.
1/ All issues are classified to final maturity except partially tax-exempt
bonds which have been classified to earliest call date. The last of these
mos
mo3.
mos.
mos.
4 yrs.
yrs.
4 yrs.
4 yrs.
4 yrs.
4 yrs.
5 yrs.
5 yrs.
5 yrs.
5
5
5
4 yrs.
4 yrs.
mos.
mos.
no.
mo.
4 mos.
mos.
3 mos.
1 mo.
mo.
mo.
11 mos.
11 mos.
11 mos.
on December 15,
bonds were called on August 14, 1962, for redemption
2/
1966 for which
Excludes $998 million Treasury bills maturing May 31,
settlement was made on June 1, 1965.
Treasury Bulletin
30
DEBT OUTSTANDING
Table 5.- Special Public Debt Issues to United States Government Investment Accounts
....
'
May 1966
31
DEBT OUTSTANDING
Table 6.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Agriculture Department
Agency
for
International
End of
fiscal
year or
month
Development V/
1957
1958
1959
1960
22,731
21,859
25,343
1961
26,011
1962
1963
1964
1965
28,634
29,166
1965-April
May
June
Commodity
Credit
Corporation
Rural
Electrification
Administration
Secretary:
Farmers
Home
Administration
programs
2/
ExportImport
Bank of
Washington
3/
Housing and Urban
Development Department 4/
Federal
Secretary National
Mortgage
Association 6/
1,198
1,188
1,164
1,138
13,383
11,528
12,874
12,704
2,519
2,728
2,923
3,155
265
256
323
369
1,205
1,528
1,937
1,636
282
476
730
977
1,741
1,502
2,351
11,534
12,990
13,599
13,990
23,354
1,107
1,062
807
735
712
13,111
3,332
3,484
3,657
3,828
4,075
456
854
1,027
1,170
1,235
1,698
1,830
1,476
830
513
1,213
1,567
2,005
2,302
2,753
3,202
3,167
2,716
2,393
1,899
28,128
28,352
28,354
724
724
712
13,028
12,995
13,111
4,070
4,070
4,075
1,222
1,254
1,235
383
548
513
2,744
2,774
2,753
July
August.
September
October.
November
December.
25,697
26,612
27,254
27,752
27,023
27,458
712
712
712
712
712
701
10,803
11,532
11,947
12,314
11,086
11,494
4,075
4,170
4,170
4,170
4,290
4,203
1,237
1,256
1,265
1,382
1,399
1,404
336
367
365
1966- January
February.
March.
April
27,51
27,302
701
701
701
701
11,740
11,826
11,962
11,636
4,203
4,203
4,313
4,313
1,435
1,459
1,484
1,490
25,636
29,241
.
.
.
.
.
.
.
27,614
27,340
416
687
700
676
334'
346
470
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 1964
Annual Report of the Secretary of the Treasury, pages 685-8, and the 1965
Combined Statement of Receipts, Expenditures and Balances of the United
States Government, pages 531-533.
^
Beginning fiscal 1957 figures exclude notes
1/ And predecessor agencies.
previously issued by the Administrator in connection with informational
media guaranties
The obligation 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).
Includes securities transferred from the Reconstruction Finance Corporation, but excludes securities issued under the Defense Production
Act.
jj Formerly Housing and Home Finance Agency.
5/ Consists of notes issued to borrow for: The urban renewal program^
(formerly slum clearance program); college housing loans; and public
facility loans.
41
Tennessee
Valley
Authority
Veterans'
Administration:
Direct
loan
program
Under
Defense
Production
Act
of 1950
Other
2/
a/
48
97
112
118
733
730
930
1,180
1,294
1,723
1,950
1,970
21
121
121
123
123
124
1,33'::
85
95
1,730
1,730
1,730
1,964
1,976
1,923
2,019
2,056
22
22
29
35
51
1,974
1,937
1,899
124
124
124
95
95
1,730
1,730
1,730
1,986
2,051
2,056
48
49
51
2,803
2,838
2,956
2,956
3,006
2,989
1,668
1,672
1,768
1,739
1,778
1,902
124
124
124
124
124
124
100
100
100
100
1,730
1,730
1,730
1,730
1,730
1,730
2,063
2,063
2,063
2,053
2,053
2,053
51
53
54
56
55
58
3,015
2,861
2,886
?,Q40
1,665
1,838
1,864
1,7?2
124
124
12;
125
100
100
100
100
l,'"-0
2,053
1,730
1,730
1,730
2,0<;8
66
68
69
70
6/
^'
•§/
.
^
Other
2/
Saint
Lawrence
Seaway
Development
Corporation
2/
2,338
35
27
29
32
32
25
10
10
10
10
1,53::'
50
;5
95
95
2,023
2,023
18
22
21
Consists of liabilities taken over by the Association from the
Secretary 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.
Public Housing Administration 1957-1963; Federal Housing Administration beginning January 1966.
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 tiirough March 1962;
and the Secretary of the Treasury.
Consists of notes Issued by the: Secretary of the Treasury; Small
Business Administration, fiscal year 1957; United States Information
Agency for informational media guaranties (see footnote l); Secretary
of Commerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund, fiscal years 1959-61 and 1963-65, beginning March 1963;
Virgin Islands Corporation beginning fiscal 1960; District of Columbia
Commissioners for the Stadium Sinking Fund beginning June 1962; and
Secretary of the Interior (Bureau of Mines) for development and
operation of helium properties beginning May 1964, and (Bureau of
Commercial Fisheries) for Federal Ship Mortgage Insurance Fund
beginning January 1966.
Treasury Bulletin
32
DEBT OUTSTANDING
Table 7.- Interest-Bearing Securities Issued by Federal Agencies But Not
Guaranteed by the United States Government
(in millions of dollars)
Federal National
Mortgage Association
End of fiscal
year or month
Total
Banks for
cooperatives
179
199
Federal
home loan
banks 1/
Federal
intermediate
credit banks
Federal land
banks 2/ 2/
Management
and liquidating issues
All other
issues
570
797
797
797
1,050
1,165
1,290
2,284
Tennessee
Valley
Authority
284
330
738
456
992
1,259
924
1,159
1,456
1,600
1,552
1,646
1,888
2,137
7,765
9,332
10,192
11,865
13,460
382
430
459
498
686
1,055
1,797
2,770
4,201
4,757
1,723
1,855
2,133
2,315
2,462
2,357
2,550
2,725
2,973
3,532
2,198
2,556
12,557
13,067
13,460
696
678
686
4,184
4,484
4,757
2,278
2,367
2,462
3,415
3,415
3,532
1,795
1,898
1,797
190
225
225
July
August.
September
October,
November,
December,
13,591
14,035
13,965
14,021
14,223
14,086
686
710
708
744
787
796
4,807
5,057
5,046
5,021
5,221
5,221
2,546
2,627
2,603
2,501
2,386
2,235
3,532
3,612
3,612
3,671
3,671
3,710
1,795
1,804
1,756
1,845
1,918
1,884
225
225
240
240
240
240
1966- January
February.
March,
April ....
14,494
14,723
15,055
15,773
796
819
819
858
5,068
5,050
5,060
5,435
2,342
2,404
2,470
2,602
3,710
3,813
3,813
3,813
2,338
2,397
2,648
2,820
240
240
245
1957
1958
1959
1960
5,013
i,AZ3
6,708
8,407
1961
1962
1963
1964
1965
1965- April
May
June
.
.
.
.
Source:
Office of Debt Analysis and agency reports.
Note:
The securities shown in the table are public offerings.
1/ The proprietary interest of the United States in these banks ended
in July 1951,
2/
2/
1,960
1,698
1,797
50
145
145
180
225
245
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 offerings.
Includes small amounts owned by Federal land banks.
May 1966
33
.STATUTOEY DEBT LIMITATION
The Second Liberty Bond Act (31 U.S.C. 757b), as amended
30, 1959, provides that the face amount
of obligations issued under authority of that act, and the face
amount of obligations guaranteed as to principal and interest
by the United States (except guaranteed obligations held by
the Secretary of the 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, 19^6,
was $275 billion and that under the act of September 2, 1958,
was $283 billion. Tenporary increases to the permanent limita$10
tion of $285 billion, have been authorized as follows:
billion from July 1, 1959, through June 30, I960 (act of
June 30, 1959); $8 billion from July 1, I960, through" June 30,
by an act approved June
1961 (act of June 30, I960); $13 billion from July 1, 1961,
through March 12, 1%2, and $15 billion from March 13 through
June 30, 1962 (acts of June 30, 1961, and March
13, 1962); $23
billion fran July 1, 1962, through March 31, 1963, $20 billion
from April 1 through May 28, 1963, $22 billion from May 29
through June 30, 1963, and $24. billion from July 1, 1963
through June 30, 196/^ (acts of July 1, 1962, May 29, 1963,
August 27, 1963, and November 26, 1963, and an additional
$6 billion, making a total of $30 billion, from December 1,
1'963, through June 29, 196^ (act of November 26, 1963)); $39
billion from June 29, 196^ through June 30, 1965 (act of
June 29, 1964.); and $/V3 billion from July 1, 1965 through
June 30, 1966 (act of June 24,, I965).
Table 1.- Status Under Limitation April 30, 1966
(In millions of dollars)
Maximum amount of securities which may be outstanding at any one time under limitation in^joaed by the act
of June 30, 1959 (31 U.S.C. 757b), as increased temporarily by the act of June 2^, 1965
Amount of securities outstanding subject to such statutory debt limitation:
U. S, Government secuirities issued under the Second Liberty Bond Act, as amended
Guaranteed securities held outside the Treasury
328, OCX)
319 303
<;68
Total amount of securities outstanding subj ect to statutory debt limitation
319,772
Balance issuable under limitation
e,
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding April 30, 1966
(in millions of dollars)
Class of security
Fublic debt:
Interest-bearing securities:
Harketable:
Treasury bills
Certificates of indebtedness
Treasury notes
Treasury bonds
Total marketable
Nonmarketable:
Foreign series:
Certificates of indebtedness
Treasury notes
Treasury bonds
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 trust funds
Total interest-bearing securities
Matured securities on which interest has ceased
Debt bearing no interest:
United States savings stamps
Excess profits tax refund bonds
Special notes of the United States:
International Monetary Fund series
International Development Association series
Inter-American Development Bank series
Special bonds of the United States:
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 note:
Other debt bearing no interest
Total debt bearing no interest
Total public debt
Guaranteed debt: 1''
Interest-bearing
Matured
Total guaranteed debt
Total public debt and guaranteed debt
Subject to statutory
debt limitation
Not subject to statutory
debt limitation
Total
outstanding
59,-177
59,477
1,652
50,793
103,083
1,652
50,793
103,083
215,004
215,004
425
350
174
425
350
174
318
713
94
9
50, 420
318
713
94
9
50,420
15
47
2,704
15
47
2,704
24
55,293
44,921
315,219
194
55
228
Treasury Bulletin
34
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding April 30, 1966
Other Than Regular Weekly and Annual Treasury Bills
.
.
..
..... .
May 1966
35
_
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable
Securltlet
Outstanding April 30, 1966
Other Than Regular Weekly and Annual Treasury Bills - (Continued)
(In millions of iioUars)
Amount of maturities
Year
and
month
of final
maturity
Apr
investment
accounts and
Federal Reserve Banks
Bond
2/15/7J
i, 3S1
415
2-1/2?
Bond
3/15/65-70
2,408
782
l-l/2i6
Note
V1/70-EA
4?
Bond
8/15/70
4,129
1-1/2?
Note
10/1/70-EO
113
5*
Note
11/15/70-A
,%
,
.
Held oy
an.i
U.S. Govt.
Description of security
1/
1970
Feb
Anount of maturities
Year
Held by
All
other
investors
month
of final
maturity
Description of security
0.3. Govt,
Total
1/
Aug.
.
1,626
8/1 V73
3,894
4-1/8?
Bond
11/15/73
4,15"
4-1/8?
Bond
2/15/74
,130
investment
accounts and
Federal Reserve Hank?;
Ai;
other
investo
3,42.:
83
1974
Feb.
Aug...
392
3,738
May
Nov.
.
.
.
4-1/4?
Bond
5/15/74
3,593
396
3,197
Nov.
.
3-7/8?
Bond
11/15/74
2,243
668
1,575
113
1,^68
6,312
2,958
15,842
8,9nn
18,800
1980
Feb...
5
1221
Mar.
2-1/2?
3/15/66-71
Bond
1,397
372
4?
Bond
2/15/80
2,607
3-1/2?
Bond
11/15/80
1,911
1,026
j
Nov.
1-1/2?
Apr.
Note
-
.
Vl/71-EA
4,518
Aug
1,%
Bond
8/15/71
2,806
596
2,210
1983
3-1/4?
Bond
3-1/4?
4-1/4?
Bond
Bond
5/15/85
5/15/75-85
3-1/2?
Bond
2/15/90
4-1/4?
Bond
8/15/87-92
1993
Feb..
4?
Bond
-
2/15/88-93
1994
May.
4-1/8?
Bond
-
5/15/89-94
June
Nov.
.
.
3-7/8?
11/15/71
Bond
2,760
401
.
.
2,359
1985
May.
o,9t^5
1,369
5,597
Total.
1972
Feb...
2,344
242
i?
Bond
2-1/2?
Bond
6/15/67-72
1,273
124
4?
Bond
8/15/72
2,579
490
Sept..
2-1/2?
Bond
Dec...
2-1/2?
Bond
June,
.
Aug.
2/15/72
-
2,102
1,149
1,872
1990
Feb.
1992
Aug.
9/15/67-72
1,952
12/15/67-72
2,673
223
2,450
1995
Feb...
3?
Bond
-
2/15/95
9,662
1998
Nov.
3-1/2?
-
11/15/98
1,158
Bond
10,820
.
725
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS.
Table 2,- Offerings of Treasury Bills
(Amounts in millions of dollars)
Description of new issue
Issue date
Regular weekly bills:
1966-Jan.
Jan.
6
Maturity
date
Number of
days to
maturity 1_/
Amount of
bids
tendered
Amount of bids accepted
Total
amount
On competitive basis
May 1966
37
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
On total bids accepted
Average price
per hundred
Issue date
Regular weekly bills
1966- Jan.
Equivalent average
rate 6/
6
(Continued)
On competitive bids accepted
High
Price per hundred
(Percent)
:
-
Equivalent rate
6/
Price per hundred
(Percent)
Equivalent rate
4.532
4.718
98.860
97.624
8/
4.510
4.700
98.844
97.608
4.573
4.731
2/
Jan.
13.
4.585
4.737
98.851 2/
97.612 10/
4.545
4.724
98.837
97.602
Jan.
4.673
4.770
4.601
4.743
20.
98.822
97.593 11/
4.660
4.761
27.
4.596
98.817
97.586
Jan.
4.680
4.775
4.699
98.842
97.626
4.581
4.696
98.835
97.623
4.609
4.702
3.
4.638
4.740
98.835
97.615
4.609
4.718
98.822
97.58^
10.
4.650
4.775
98.831
97.593
4.625
4.761
98.822
97.582
4.660
4.783
17.
4 695
4 876
98.819
97.542 12/
4.672
4.862
98.811
97.531
4.704
4.884
Feb.
24.
4.696
4.892
98.817
97.532
4.680
4.882
98.810
97.523
4.708
4.900
Mar.
3.
98.825 14/
97.547
4.648
4.852
98.820
97.540
4.668
4.866
4.585
4.787
98.827
97.557
4.640
4.832
4.696
4.907
98.805
97.513
4.727
4.919
4.557
4.763
98.839
97.582
4.593
4.783
Feb.
Feb.
Feb.
,661
,861
Mar.
10.
4.620
4.816
98.841
97.580
Mar.
17.
4.718
4.915
4.576
4.776
98.813
97.519
1^
ly
98.848
97.592
660
4.779
4,.
Mar.
24.
Mar.
31.
4.554
4.755
98.852
97.600 12/
4.542
4.747
98.847
97.591
4.561
4.765
Apr.
7.
4.531
4.719
98.860 18/
97.616 la/
4.510
4.716
98.852
97.613
4.542
4.722
Apr.
u.
4.617
4.763
98.839 20/
97.599
4.593
4.749
98.827
97.583
4.640
4.771
Apr.
21.
m.597
4.664
4.754
98.825 21/
97.599
4.648
4.749
98.819
97.594
4.672
4.759
J98.830
197 609
4.630
4.730
98.834
97.616 22/
4.613
4.716
98.827
97.606
4.640
4.735
3.783
3.941
98.318 22/
97.260 24/
3.738
3.883
98.273
97.206
3.838
3.960
4.075
4.281
97.638 2y
98.008 2b/
4.049
4.269
97.616
97.999
4.087
4.288
3.945
4.062
3.987
3.996
3.954
3.807
3.875
4.006
4.236
96.007
95.904
95.973
95.951
95.994
96.157
96.086
95.950
95.722
95.758
95.681
95.215
95.250
95.007
95.215
95.184
3.938
4.040
3.972
3.994
95.998
95.873
95.950
95.945
3.947
4.070
3.995
3.999
3.954
3.821
Apr.
3.821
.
W
bj
(Percent)
Tax anticipation bills:
1965-Oct.
11
2/
V
One-year bills:
1965-Jan.
31.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1966- Jan.
Feb.
Mar.
Apr.
^
2/
S/
2/
12/
11/
12/
12/
14/
li/
lb/
12/
12/
12/
20/
21/
22/
22/
28.
31.
30.
28.
30.
31.
31.
30.
31.
30.
31.
31.
28.
31.
30.
96.000
95.882
95.957
95.949
95.991
96.
UO
96.072
95.938
95.705
95.750
95.664
95.203
95.236
94.936
95.195
95.161
,192
,277
,731
,699
.945
,739
773
Bank discount basis.
Except $1,126,000 at 98.868.
Except $400,000 at 97.674, $300,000 at 97.630 and $10,000 at 97.628.
Except $40,000 at 98.875.
Except $300,000 at 97.615.
Except $1,000 at 97.600.
Except $100,000 at 97.639.
Except $500,000 at 97.548 and $400,000 at 97.544.
Except $1,000 at 98.880.
Except $50,000 at 97.565.
Except $150,000 at 98.855.
Except $500,000 at 97.605 and $10,000 at 97.603.
Except $200,000 at 99.109.
Except $638,000 at 97.621.
Except $35,000 at 99.842.
Except $300,000 at 98.830.
Except $200,000 at 97.661.
Except $150,000 at 98.353, $500,000 at 98.335, $1,000,000 at 98.326
Zj/
25/
22/
W
11/
22/
22/
2V
2^
2b/
2V
22/
22/
2^
22/
20/
21/
22/
22/
2IJ
2y
2^
p
3.951
95.991
3.790
3.860
3.995
4.219
4.184
4.260
4.719
4.685
4.925
4.719
4.750
96.126
96.065
95.931
95. W8
95.745
95.652
95.197
95.225
94.974
95.155
95.144
3.881
4.013
4.243
4.197
4.288
4.737
4.710
4.957
4.779
4.789
and $2,500,000 at 98.322.
Except $150,000 at 97.318 and $2,000,000 at 97.283.
Except $425,000 at 97.748, $1,000,000 at 97.707, $1,000,000 at 97.701,
$1,050,000 at 97.696, $1,000,000 at 97.690, $1,000,000 at 97.684,
$50,000 at 97.681, $50,000 at 97.666, $1,000,000 at 97.655, $400,000
at 97.652, $130,000 at 97.649 and $5,000,000 at 97.643.
Except $100,000 at 98.202 and $100,000 at 98.010.
Except $200,000 at 96.075.
Except $100,000 at 96.000.
Except $50,000 at 96.000.
Except $5,000,000 at 96.003 and $5,000,000 at 95.997.
Except $840,000 at 96.168.
Except $200,000 at 96.060.
Except $700,000 at 95.772.
Except $200,000 at 95.455 and $700,000 at 95.235.
Except $200,000 at 95.300 and $3,000,000 at 95.255.
at 95.229.
Except $350,000 at 95.240, $190,000 at 95.235 and $5,000,000
Preliminary.
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounts in millions)
Description of issue
1/
May 1966
39
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
V- (Continued)
(Dollar amounts in millions)
Description of issue
Number of
days to
maturity
Maturity
Issue
date
date
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
(Percent)
1962-July
ri962-0ctober
(1963-January
91
182
$2,212
1,202
Jl,301
700
2.930
3.008
$200
ri962-0ctober
"119 6 3- January
91
182
2,365
1,126
1,301
700
2.974
3.096
201
July
12.
July
19.
(i962-0ctober
1l963-January
91
182
2,454
1,068
1,302
700
2.983
3.133
201
26.
ii962-0ctober
lL963-January
91
182
2,127
July
1,298
703
2.892
3.103
200
1,362
Jl%2-November
199
August
11963-January
91
182
2,161
1,576
1,301
700
2.874
3.075
August
fl962-November
\l963-February
91
182
1,972
1,203
1,301
700
2.801
2.990
197
91
182
2,078
1,766
1,301
704
2.867
3.060
204
99
August
16.
fl962-November
\l963-February
15
U
August
23.
\l%3-February
23
21
92
182
2,003
1,651
1,301
700
2.837
2.984
August
30.
fl962-November
\1963-February
29
28
91
182
2,248
1,259
1,301
700
2.805
2.916
100
|'l962-December
6
7
91
182
2,054
1,332
1,301
700
2.834
2.977
100
fl962-November
September
\1963-March
13
September
\l963-March
U
91
182
2,377
1,291
1,301
701
2.789
2.911
101
13.
20.
fl962-December
\l963-March
20
21
91
182
2,265
1,375
1,301
700
2.796
2.962
101
September
ri962-December
\1963-March
27
28
91
182
2,150
1,777
1,300
700
2.749
2.938
100
3
91
182
2,011
1,505
1,300
701
2.752
2.902
100
fl%2-December
September
fl963-January
April
October
\
October
11.
January
April
10
91
182
2,136
1,631
1,301
701
2.760
2.864
100
11
(January
17
18
91
182
2,225
1,436
1,300
700
2.749
2.843
98
April
January
April
24
25
91
182
2,133
1,394
1,301
700
2.742
2.828
102
/
January
31
2,207
1,573
101
2
91
182
2.686
2.775
May
1,301
701
I
{February
7
9
91
182
2,249
1,761
1,301
2.841
2.927
101
702
(February
U
2,325
1,436
1,302
701
103
16
91
182
2.801
2.846
May
February
May
21
23
90
181
2,409
1,274
1,300
800
2.833
2.892
19^
(February
28
2,042
1,528
2.853
2.936
199
31
91
183
1,300
801
May
7
6
91
182
2,108
1,663
1,300
801
2.861
2.945
98
U
91
182
1,973
1,321
1,301
801
2.807
2.861
101
99
f
\
October
18.
October
25.
f
\
November
November
May
November
15.
November
23.
f
I
November
December
December
December
29.
6».
1>.
20,.
J
March
\
June
(March
J
June
13
March
21
20
91
182
2,092
1,248
1,301
800
2.860
2.900
28
27
91
2,660
1,322
1,309
802
2.893
2.924
110
182
June
March
December
4
June
April
July
4
2,220
1,340
1,301
801
2.926
2.966
5
91
183
101
1963- January
April
July
11
11
91
182
2,196
1,542
1,301
800
920
966
lOO
January
27
26
91
182
2,133
1,459
1,301
800
2.919
2.977
92
June
September
5
2,081
1,454
1,300
800
2.922
2.982
3
92
182
98
July
October
11
10
91
182
2,292
1,553
1,302
801
2.913
2.978
102
July
October
March
28.
April
July
October
18
17
2,352
1,485
1,301
800
2.917
3.010
18,
91
182
100
April
25
2A
91
182
2,259
1,670
1,300
801
99
25.
July
October
2.834
2.982
April
Footnotes at end of table.
(Continued on following page)
Treasury Bulletin
40
PUBLIC DEBT OPERATIONS
BlllsJ/- (Ctontlnuedl
Table 3.- New Money Financing through Regular Weekly Treasury
(Dollar amounts In millions)
Description of issue
Maturity
date
Issue
date
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
Amount
of bids
tendered
Amount
of bids
accepted
91
182
t 2,054
$1,302
801
2.897
2.989
1 101
1,668
91
182
2,119
1,715
1,301
802
2.905
2.993
100
Number of
days to
maturity
(Percent)
1963-August
October
1963-May
1
31
August
November
May
91
U
182
2,397
1,583
1,302
801
2.903
2.990
98
16..
August
November
15
May
21..
'l964-February
May
20
21
91
182
2,321
1,431
1,202
800
3.524
3.660
-99
November
90
181
1,987
1,614
1,201
802
3.480
3.630
-99
29..
February
May
27
November
91
21..
August
November
20
19
182
2,258
1,633
1,202
900
3.482
3.598
101
196i-May
May
28.,
August
November
27
27
183
2,073
1,709
1,200
900
3.476
3.595
July
October
1965-January
15
14
91
182
2,123
1,409
1,202
902
3.448
3.549
103
16.
22
21
91
182
1,333
1,201
900
3.502
3.619
100
23.
1964-October
1965-January
2,070
July
28
91
182
2,204
1,889
1,201
902
3.475
3.591
101
30.
i964-0ctober
1965-January
29
July
L964-December
1965-March
10
11
91
182
2,169
1,464
1,302
901
3.514
3.649
101
September 10.
September 17,
1964-December
1965-March
17
18
91
182
2,083
1,474
1,302
900
3.541
3.693
102
September 24.
1964-December
1965-March
24
25
91
182
2,200
1,624
1,302
901
3.542
3.692
101
1964-December
1965-April
31
1
91
182
2,086
1,451
1,301
900
3.555
3.711
100
October
April
July
22
22
91
182
2,099
2,475
1,200
1,001
3.821
3.960
99
April
July
29
29
91
182
2,185
2,465
1,203
1,003
3.848
3.946
104
1965-January
21.
January
(
28
91
97
February
May
August
6
91
182
2,226
2,470
1,203
1,004
3.888
3.968
105
5
February
May
August
13
12
91
182
2,242
2,448
1,200
1,001
3.903
3.987
100
February
18..
May
August
20
19
91
182
2,074
2,162
1,200
1,000
3.936
4.015
98
February
25..
May
August
27
26
91
182
2,327
2,504
1,201
1,003
3.989
4.043
102
3.982
4.037
100
March
4..
June
September
3
2
91
182
2,359
2,304
1,200
1,000
March
25,.
June
September
24
23
91
182
2,368
2,024
1,203
1,000
3.922
3.984
94
April
July
September
1
91
182
2,061
1,938
1,200
1,002
3.921
3.993
102
30
April
July
October
91
182
2,281
2,188
1,202
1,001
3.942
3.993
200
15
14
91
182
2,336
1,832
1,201
1,001
97
7
7
91
182
1,966
1,933
1,304
1,003
3.937
3.991
4.532
4.718
April
15.
July
October
1966' April
1966-January
July
105
13.
April
July
14
14
91
182
2,258
2.00A
1,302
1,000
4.585
January
20.
April
July
21
21
91
182
2,296
2,166
1,301
1,001
4.673
4.770
97
January
27.
April
July
28
91
182
2,084
2,305
1,301
1,000
4.596
4.699
101
January
Footnotes at end of table.
28
(Continued on following page)
102
4.737
1
.
May 1966
41
PUBLIC DEBT OPERATIONS
Table
3.
Issue
date
1966-February
3
February 10
February 17
February
2/,
March
3.
March
10...
March
17...
March
2L...
March
31...
New Money Financing through Regular Weekly
Treasury Blllsy- (Cont 1 nued
-fscription of issue
Maturity
date
Treasury Bulletin
42
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Date subscrip-
May 1966
43
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
Date
of
issue
Description of security 1/
Period to final
maturity
(years, months,
days) 2/
Amount of subscriptions tendered
Cash
y
Exchange
Amount issued
For
cash
In exchange
y
4/
Allotment
ratio
(In millions of dollars)
w
10/1/62
1-1/2% Note
10/9/62
10/15/62
2.969% Bill
10/29/62
11/15/62
11/15/62
11/15/62
3-1/8% Cert.
3-1/2% Note
Bond
4%
11/15/62
2.866% Bill
11/7/62
lO/l/67-EO
5y
10/15/63 - At auction
11/15/63-D
11/15/65-B
2/15/72
ly
ly
ri/17/63-l.i'Strip" of 10
series 34/
J
(At auction)
94. 5d
r 5/15/62
I 1/23/59
3-7/8% Bond
Bond
4%
Bond
11/15/71 1 R
Reopenings
2/15/80'J 'I ssued at 99 50
2/15/88-93 - At auction 36 /
1/8/63
1/17/63
4%
1/9/63
1/15/63
3.015% Bill
1/15/64 - At auction
1/30/63
2/6/63
2.929% Bill
2/V63
[4/18/62
3-1/4% Cert.
3-3/4% Bond
6/24/63 - Tax ant. 11/
(At auction)
2/15/64-A
8/15/68
Reopening
5/15/62
12/2/57
[1/23/59
3-5/8% Note
3-7/8% Bond
3-7/8% Bond
Bond
4%
2/15/67-B
11/15/71
11/15/74
2/I5/8O
2/6/63
2.855% Bill
6/24/63
f 2/15/63
r 3/1 5/63
2/25/63
I
I
3/14/63
4/1/63
1-1/2% Note
4/1/68-EA
4/18/63
4-1/8% Bond
5/15/89-94
4/10/63
4/15/63
3.062% Bill
4/29/63
r 5/15/63
5/15/62
|_
6/11/63
6/20/63
4%
Bond
8/15/70
7/9/63
7/15/63
3.582% Bill
7/15/64
7/29/63
8/15/63
3-3/4% Note
11/15/64-F
Ifl/
4/9/63
3-1/4% Cert.
3-5/8% Note
4/15/64
5/15/64-B
2/15/66-B
9/3/63
3.575% Bill
8/31/64
'9/15/63
3-7/8% Bond
Bond
4%
4-1/8% Bond
11/15/68
8/15/73
5/15/89-94
8/27/63
9/9/63
9/15/63
4/18/63
9/25/63
10/
(
2,410
.
11m
2m
30y
Im
250
250
ly
5,2U
2,496
138d
2,062
1,001
8y
lly
16y
At auction
6,741
2,490
jlOO 27/
4,287
1,515
1,074
1,131
100 38/
11m
4,287
1,515
1,074
1,131
300
ly
4,048
7y
2m
16,262
ly
4,495
ly
5y
Reopening
ly
5,693
3,273
41/
1,998 i/
1,591
3,894
1,260
9/30/64
1-1/2% Note
10/1/68-EO
5y
160d
2,957
2,001 45/
132. 5d
(Average)
2,108
1,001
Tax ant. 11/
(At auction)
3.537% Bill
3/23/64
10/22/63
10/28/63
3.601% Bill
r2/6/64^ series
46 /
[4/9/64 J"
auction)
'Strip" of 10
100 42/
1,591
3,894
1,260
100 44/
1,002 42/
2,395
3.586% Bill
10/1/63
10/15/63
6,398
1,00142/
10/1/63
10/9/63
100 40/
1,906
2,631
2m
11m
8m
At auction
2,501 i/
6,398
3m
ly
300
5,693
3,273
9!i>
At auction
212
212
Im
At auction
1,502
2,442
2y
9y
30y
y
6,741
2,490
ly
Reopening
^:>^
ly
6m
94d
3iy
41
S>^
5y
At auction 39 /
100 22^
1,001
8y
Tax ant. 11/
( Reopening)
•
4,856
3,286
2,344
17y
5y
y
Average)
3y
Reopening
Reopening
Reopening
•
457
2,500
4,856
3,286
2,344
3y
3m
9y
|_3/21/63
11/19/62
457
4,535
115
115
(At
10/28/63
11/15/63
3-7/8% Note
1,891
1,000 42/
auction
ly
2,790
1,005 42^
12/31/64 - At auction
ly
2,113
1,000 42/
159d
2,780
2,501
10/30/63
11/4/63
3.633% Bill
11/27/63
12/3/63
3.590% Bill
11/30/64
1/3/64
3.707% Bill
1/9/64
1/15/64
3.650% Bill
6/22/64
1/13/64
r6/20/63
[ 4/5/60
Bond
4%
4-1/4% Bond
8/15/70
5/15/75-85
1/30/64
2/6/64
3.680% Bill
1/31/65
2/3/64
"|_^15/62
3-7/8% Note
Note
4%
8/13/65-D
8/15/66-A
3/3/64
3.765% Bill
2/28/65
r2/15/64
2/25/64
3/31/64
la/
2/15/64
3-7/8% Note
8/13/65-D
4/1/64
1-1/2% Note
4/1/69-EA
- At
Tax ant. 11/
(At auction)
Reopening
Reopening
6y
21y
7m
ly
2y
6m
6m
Issued at 99.875
Reopening
ly
At auction
3.719% Bill
3/31/65
At auction
ly
At auction
1,884
5/6/64
4/30/65
ly
4/30/64
3.705% Bill
5/4/64
J 5/15/64
Note
4%
4-1/4% Bond
11/15/65-E
5/15/74
1
5/15/64
Tootnotas at end of tabla.
{,
6m
13y
Continued on rollowing page)
•100
12/
}
54/
1,066
61
61
V8/64
100 51/
1,001 42/
2,412
5y
Issued at 99.875
6,202
1,810
6,202
1,810
10,227
Reopening
Issued at 99.70
2,223
748
1,000 42/
2,212
At auction
42/
^
2,223
892
/|Tn
2,568
4/3/64
4,365 48/
3,612
20,069 42/
ly
10/31/64 - At auction
12/30/63
6m
ly
5/15/65-C
8,560
1,532
1,001 42/
1,001 42/
8,560
1,532
lioo
5i/
Treasury Bulletin
44
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date BUbscrip-
May 1966
45
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
Date
of
issue
Description of security 1/
Period to final
maturity
(years, months,
days) g/
Amount of subscriptions tendered
Cash 2/
Exchange
Amount issued
For
cash ^/
In exchange
4/
Allotment
ratio
(In millions of dollars)
12/23/65
12/31/65
i. 73156 Bill
-
12/29/65
10/11/65
-1.281$ Bill
-
1/10/66
1/19/66
i-3/4$ Cert.
-
1/25/66
1/31/66
4.699* Bill
-
fa/ 15/66
-
1.2/15/66
4-7/8* Note
Note
5%
2/23/66
2/28/66
4.945* Bill
-
3/2A/66
3/31/66
4.739* Bill
-
Vl/66
1-1/2* Note
-
i/26/66
V30/66
4.773* Bill
-
5/2/66
5/15/66
4-7/8* Note
-
1/31/66
10/
-
12/31/66 - At auction
6/22/66 - Tax ant. U/
(Reopening)
11/15/66-*.
1/31/67 - At auction
8/15/67-E
11/15/70-A
2/
10/
11/
12/
11/
14/
1,001
3,647
1,007
10m
10,133
1,652
ly
1,917
1,001
6m
9m
1,000
3/31/67 - At auction
ly
1,571
1.000
footnote 4).
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 intluding $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.
Exchange offering available to owners of nonmarketable 2-3/4* Treasury bonds. Investment Series B-1975-80, dated April 1, 1951. For
further information on the original offering see Treasury Bulletin
for April 1951, page A-1. Amounts shown are as of April 30, 1966.
Tax anticipation bill, acceptable at face value in payment of income
and profits taxes due on the quarterly payment date immediately
preceding maturity.
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 9).
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
1
100
7^
100
7y
A2/
42
5y
4/30/67 - At auction
ll/15/67-F
21/
i2/
2,117 p
7,680 p
1,771
4/1/71 -EA
41/
2,117 p
7,680 p
ly
^
8/
2,720
2/28/67 - At auction
Source:
Daily Treasury statement; Bureau of the Public Debt.
1/ Issued at par except as noted. For bill issues sold at auction the
rate shown is the equivalent average rate (bank discount basis) on
accepted bids. For details of bill offerings, see Table 2. In reopenings, the ajnount issued is in addition to the amoxint in original
offering.
2/ From date of additional issue in case of a reopening.
2/ Subscriptions shown are from the public, but amounts issued include
allotments to Government investment accounts.
For maturing securities exchanged for the new issues, see Table 7.
5/ Issued as a rollover of maturing one-year bills.
6/ Subscriptions were permitted to be made with payment in cash or in
4-7/8* Treasury certificates maturing February 15, 1961 (see Table 7,
2/
ly
iy
ly
168d
ly
ly
1,834 p
1.001 p 42/
8,135 p
8,135 p
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.
16/ In addition to the amo»ints allotted to the public, there was allotted
to the Federal Reserve Banks and Government investment accounts
$480.4 million of the 3-1/2* bonds of 1980, $160.6 million of the
3-1/2* bonds of 1990, and $289.5 million of the 3-1/2* bonds of 1998.
allotted in full. Subscrip12/ Subscriptions for $100,000 or less were
tions 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.
the
18/ Includes $2 million allotted to Government investment accounts of
3-1/4* notes, $4 million of the 3-3/4* bonds of 1966, and $136
million of the 3-3/4* bonds of 1974.
additional $100
12/ Sale of a "strip" of Treasury bills, consisting of an
million for cash of eight series of weekly Treasury bills maturing
from December 7, 1961, to January 25, 1962.
and G savings bonds
20/ Holders of approximately $970 million of Series F
the
issued in 1950, which mature in 1962, were offered in exchange
a
3-7/8* bonds with certain adjustments as of December 15, 1961, at
be exprice of 99.50. Smaller denominations of savings bonds could
payupon
bonds
changed for 'the next higher multiple of $500 of the
ment of any cash difference. Cash payments amounted to $309,000.
Subscripin full.
21/ Subscriptions for $50,000 or less were allotted
but in no case
tions for more than $50,000 were allotted 60 percent
In addition, $100 million of the bonds was
less than $50,000.
allotted to Government investment accounts.
Federal Beserve Banks and Govern22/ Includes $3,411 million allotted to
and $1,518
ment investment accounts of the 3-1/2* certificates
million of the 4* notes.
n...^
amounts allotted to the public, there was allotted
£1/ In addition to the
million of the 4* bonds of
to Government investment accounts $385
million of the
$177 million of the 4* bonds of 1980, $218
1971
bonds of 1998.
3-1/2* bonds of 1990, and $221 million of the 3-1/2*
anticipation bills maturing
Issued for cash and in exchange for tax
24/
1.").
March 23, 1962 (see Table 7, footnote
page.
Remaining footnotes on following
15/
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Footnotes to Table 4
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 15 percent but in no case
In addition, $100 million of the bonds h^s
less than $50,000.
allotted to Government investment accounts.
Includes $2,166 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1 A^ certificates, $14 million of
the 3-5/855 notes, and $64 million of the i-lf&'i bonds.
Subscriptions were permitted to be made with payment in cash or in
the iS notes or 'i-\/lS notes, both maturing August 15, 1962 (see
Table 7, footnote 13).
Consists of allotments on suDscriptions from holders of Treasury
notes maturing August 15, 1962.
Subscriptions from States, political subdivisions ur* instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts, and the Federal Reserve Banks totaled $4,760 million for
the certificates and were allotted in full, in accordance with the
offering circular. Subscriptions from all others totaled $15,395
million and were allotted 12-1/2 percent with subscriptions for
$50,000 or less allotted in full and those for more than $50,000
allotted not less than $50,000.
Subscriptions for the iS bonds totaled $6,743 million and were
allotted 22 percent with subscriptions for $100,000 or less allotted
in full and those for more than $100,000 allotted not less than
In addition, $100 million of the bonds was allotted to
$100,000.
Government investment accounts.
In
All subscriptions for the 4-1/4^ bonds were allotted in full.
addition, $50 million of the bonds was allotted to Government
investment accounts
Savings-type investors were given the privilege
of paying for the bonds allotted to them in installments up to
October 15, 1962 (not less than 30 percent by August 15, 1962, the
issue date; 60 percent by September 15, 1962; and full payment by
October IJ, 1962).
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $21 million of the 3-3/4% notes
and $320 million of the iS bonds.
Includes $3,796 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/8% certificates, $1 million of
the 3-1/2% notes, and $6 million of the 4% bonds.
Sale of a "strip" of Treasury bills, consisting of an additional
$100 million for cash of ten series of weekly Treasury bills maturing
from January 17, 1963, to March 21, 1963.
Holders of approximately $458 million of Series F and G savings
bonds which mature in 1963 and 1964 were offered in exchange either
the 3-7/8% bonds or the 4% bonds with certain adjustments as of
December 15, 1962, at a price of 99.50. Smaller denominations of
savings bonds could be exchanged for the next higher multiple of
$500 of the bonds upon payment of any cash difference. Cash payments
amounted to $93,000 for the 3-7/8% bonds and $101,825 for the 4% bonds.
The bonds were sold to a syndicate on the basis of competitive bidding for reoffering to the public. The winning bid was $99.85111 per
$100 of face amount for a 4% coupon, resulting in a net basis cost to
the Treasury of 4.008210%, calculated to maturity.
Includes $3,921 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4% certificates and $15 million
of the 3-3/4% bonds.
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $19.8 million of the 3-5/8% notes,
$29.6 million of the 3-7/8% bonds of 1971, $151.9 million of the
3-7/8% bonds of 1974, and $123.9 million of the 4% bonds of 1930.
The bonds were sold to a syndicate on the basis of competitive bidding for reoffering to the public. The winning bid was $100.55119
per $100 of face amount for a 4-1/8% coupon, resulting in a net basis,
cost to the Treasury of 4.093145%, calculated to maturity.
Includes $3,327 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4% certificates, and $85 million
of the 3-5/8% notes.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 5 percent but in no case
less than $100,000.
Includes $4,149 million allotted to Federal Reserve Banks and Government investment accounts
One-year bills issued monthly beginning September 3, 1963.
In addition to the amounts allotted to the public, there was allotted
to Federal Reserve Banks and Government investment accounts $23 million of the 3-7/8% bonds of 1968, and $171 million of the 4% bonds of
.
1973.
Issued for cash and in exchange for one-year bills maturing October
15, 1963 (see Table 7, footnote 17).
Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of ten series of weekly Treasury bills maturing from
Febrjary 6, 1964, to April 9, 1964.
Subscriptions were permitted to be made with payment in cash or in
3-1/8% certificates or 4-7/8% notes, both maturing November 15, 1963
(see Table 7, footnote 18).
Consists of allotments on subscriptions from holders of Treasury certificates of indebtedness and Treasury notes maturing November 15,1963.
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 $4,307 million and were allotted in full.
Subscriptions subject to allotment totaled $15,762 million: those
up to
and including $100,000 were allotted in full; all
others were allotted
-
(Continued)
21 percent but in no case less than $100,000.
50/ Issued to replace the one-year bills maturing January 15, 1964.
51/ In addition to amounts allotted to the public, $189 million was
allotted to Government investment accounts.
52/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 83-1/2 percent but in no
case less than $50,000.
In addition, $125 million of the bonds was
allotted to Government investment accounts
53/ Includes $4,014 million allotted to Federal Reserve Banks and Government investment accounts of the 3-7/8% notes.
54/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 9 percent but in no case
less than $50,000.
55/ Includes $6,383 million allotted to Federal Reserve Banks and Government investment accounts of the 4% notes and $29 million of the 4-1/4%
bonds
56/ In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $22 million of the 4-1/4% bonds of
1987-92. and $4 million of the 4-1/8% bonds of 1973.
12/ Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of ten series of weekly Treasury bills maturing from
October 15, 1964, to Decembt-r 17, 1964.
58/ Subscriptions were permitted to be made with payment in cash or in 5%
notes or 3-3/4% notes, both maturing August 15, I964 (see Table 7,
footnote 22).
12/ Consists of allotments On subscriptions from holders of Treasury notes
maturing August 15, 1964.
6^ 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
circulars, totaled $1,950 million and were allotted in full. Subscriptions subject to allotment totaled $12,903 million: those up
to and including $100,000 were allotted in full; all others were
allotted 15 percent but in no case less than $100,000.
61/ Subscriptions were permitted to be made with payment in cash or in
4-7/8% notes or 3-3/4% notes, both maturing November 15, 1964 (See
Table 7, footnote 24).
62/ Consists of allotments on subscriptions from holders of Treasury
notes maturing November 15, 1964.
63/ 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
circulars, totaled $6,607 million and were allotted in full. Subscriptions subject to allotment totaled $15,293 million: those up
to and including $100,000 were allotted in full; all other were
allotted 16.5 percent but in no case less than $100,000.
64/ In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $322 million of the 4% bonds of
1970, $325 million of the 4-1/8% bonds of 1974, and $55 million of
the 4-1/4% bonds of 1987-92.
Subscriptions
were permitted to be made with payment in cash or in
65/
2-5/8% bonds muturing February 15, 1965 (see Table 7, footnote 26).
66/ Consists of allotments on subscriptions from holders of Treasury
bonds maturing February 15, 1965.
67/ Subscriptions from States, political subdivisions or inatrumentalitieg
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment Accounts
and the Federal Reserve Banks, totaled $582 million and, as provided in
the offering circulars, were allotted in full where the subscriber
made the required certification of ownership of bonds maturing
February 15, 1965. Subscriptions subject to allotment totaled $10,05^
million:
those up to and including $100,000 were allotted in full;
all othere were allotted 15 percent but in no case 16S3 than $100,000.
68/ Includes $4,253 million allotted to Federal Reserve Banks and Government
investment acccints of the 4% notes and $65 million of the 4-1/4% bonds
22/ Includes $3,051 million allotted to Federal Reserve Sanfes aud Covemmont
investment accounts of the 4% notes and $1,076 million of the 4% bonds.
70/ Subscriptions were permitted to be made with payment in cash or in
3-l/2% notes or 4% notes, both maturing November 15, 1965 (See Table
7, footnote 28).
71/ Consists of allotments on subscriptions from holders of Treasury
notes maturing November 15, 1965.
72/ Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts and the Federal Reserve Banks, totaled $7,169 raillior. and,
as provided in the offering circulars, were alloted in full where
the subscriber made the required certification of ownership of notes
maturing November 15, 1965. Subscriptions subject to allotment totaled
$4,898 million: those up to and including $200,000 were allotted in
full; all others were allotted 48 percent but in no case less than
$200,000.
73/ Subscriptions for $50,000 or less were allotted in full. Subscriptions
for more than -$50,000 were allotted 14.5 percent but in no case less
than $50,000.
74/ In addition to the amounts allotted to the public, there was allotted
to Federal Reserve Banks and Government investment accounts $1,250
million of the 4-7/8% notes and $1,121 million of the 5% notes.
75/ Includes $6,685 million allotted to Federal Reserve Banks and
Government investment accounts
Preliminary,
p
May 1966
47
PUBLIC DEBT OPERATIONS
Table 5.- Securities Issued In Advance Refunding Operations
Date issued
Treasury Bulletin
48
PUBLIC DEBT OPERATIONS
Table 5.- Securities Issued In Advance Refunding Operatlons-(Ck)ntlnued)
Amount
issued
(In millions)
Securities issued
Date issued
Adjustment parents
at issue (per $100
of face value)
1/
By
Treasury
960
3-5/8?
Note
-
2,275
206
845
2/15/67-B
To
Treasury
$0.50
0.10
0.30
0.10
Effective
Interest
rate 2/
Investment
yield 2/
Eligible secxirities exchanged
3.76?
3.65
3.71
3.65
3.65?
3.65
3.64
3.63
3-1/2?
2-1/2?
3-1/8?
3?
Certificate
Bond
Certificate
Bond
1.10
0.70
0.90
0,70
4.02
3.97
4.00
3.97
3.97
3.97
3.96
3.96
3-1/2?
2-1/2?
3-1/8?
3?
Certificate
Bond
Certificate Bond
1.50
1.70
4.04
0.90
3.97
3.98
3.98
3.97
3.97
3-1/2?
3-5/8?
3?
3-3/8?
0.90
0.50
0.70
0.50
1.00
1.20
4.07
4.04
4.06
4.04
4.08
3-1/2?
2-1/2?
3-1/8?
8/15/63-C
8/15/63
ll/15/63-D
2/15/64
4,287
3-7/8?
Bond
11/15/71 i/
693
532
94
196
1,515
3/15/63
3-7/8?
Bond
11/15/74
V
136
314
251
373
4.08
3.875
1,074
17
49
2
24
At
Bond
2/15/8O
V
195
42iJ
2~10
213
0.40
4.11
3.96
4.03
4.04
4.04
4.04
4.03
4.04
4.04
4.03
4.03
0.65
1.60
0.95
4.01
4.23
4.08
4.02
4.02
4.02
1.15
2.10
1.45
1.15
1.8C
6.40
0.70
4.14
4.26
4.18
4.16
4.22
4.07
4.12
4.15
4.15
4.15
4.15
4.14
1.35
2.30
4.20
4.26
4.22
4.21
4.24
4.17
4.20
4.21
4.20
4.20
4.21
4.21
4.21
4.20
4.17
4.29
4.17
3.96
4.32
4.16
4.15
4.16
4.15
4.15
4.16
4.25
4.30
4.25
4.32
4.17
4.32
4.25
4.25
4.25
4.25
4.25
4.25
*0.50
1,131
3-7/8?
Bond
620
194
777
11/15/68
1,59:
500
4?
Bond
214
732
621
340
721
716
8/15/73
9/15/63
4.U
4.W
3,394
375
125
317
4-1/8?
Bond
-
5/15/89-94
V
lU
1.65
1.35
105
91
_132
2.00
0.60
e.90
1,260
^4
165
4?
Bond
8/15/70
V
278
211
654
221
0.95
1.65
0.95
1.85
i.33
0.25
1.80
2,223
l/ZZ/U
239
106
4-1/4?
Bond
5/15/75-85
V
158
117
0.05
0.75
0.05
0.95
53
76
748
1.15
0.90
3?
3-1/2?
3-5/8?
3?
3-3/8?
8/15/63-C
8/15/63
May 1966
49
PUBLIC DEBT OPERATIONS
Table 5.- Securities Issued In Advance Refunding Operations
-
(Continued)
Treasury Bulletin
50
PUBLIC DEBT OPERATIONS
Table 6.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills i/
(In millions of dollars)
Issue
May 1966
Table 6.
51
-
Treasury Bulletin
52
PUBLIC DEBT OPERATIONS
Table 6.-
May 1966
53
PUBLIC DEBT OPERATIONS
,
Table 7.- Disposition of Matured Public Marketable Securlt les
Other Than Regular Weekly Treasury Bills
Description of new
security offered
(See also Table 4)
3-1/4* Note
8/15/62-G
3-5/8* Bond
11/15/67
3-3/8* Bond
11/15/66
2,438 of 3-3/8* Bond
3,604 of 3-5/8* Bond
Certificate
3*
3-1/4* Note
5/15/62-A
5/15/63-D
Certificate
3*
3-1/4* Note
5/15/62-A
5/15/63-D
3-1/4* Note
3-3/4* Note
3-7/8* Bond
Treasury Bulletin
5^
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
May 1966
55
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Treasury Bulletin
56
PUBLIC DEBT OPERATIONS
Table 7.- Dlepo8ltIon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
May 1966
57
PUBLIC DEBT OPERATIONS
Table 7.- Dlepoeltlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Treasury Bulletin
58
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
May 1966
59
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable
Securl ties
Other than Regular Weekly Treasury Bills - (Continued!
Called or maturing security 1/
Date of
refunding
or retirement
Issue
date
Description
Disposition offers
by Treasury
Amount
outstanding
Cash
retirement
Exchange
security
offered
Results of exchange offers
Ex-
changed
Description of new
security offered
(See also Table 4)
Turned
in for
cash 2/
(In millions of dollars)
3-5/8? Note
3-7/8? Note
1-1/2? Note
2/15/66-B
2/15/66-C
4/1/66-EA
5/15/62
8/15/64
2,195
2,597
4/1/61
Total
2,195
2,597
675
488p
470p
] 237p
.455p
{;: 019p
jl22p
174p
675
Li50p
}l51p
5,467
5,467
4,956p
510p
9,519
9,519
l,230p
Note
Note
8/1 5/67-E
11/15/70-A
l5?
r4-7/8? Note
Note
8/15/67-E
11/15/70-A
f4-7/8? Note
Note
8/15/67-E
11/15/70-A
bi
p.llTp of 4-7/8? Note
L2f839p of 5?
2/15/66
i.%
b/.
Note
5/15/66-D
11/15/64
3-3/4? Bond
5/15/66
11/15/60
4?
Note
8/15/66-A
2/15/62
3?
Bond
8/15/66
2/28/58
688
1,688
660p
11,060
11,060
2,627p
1
,
5?
1,024
1,024
325p
Total
23,291
23,291
4,841p
Grand total.
28,758
28,758
9,797p
510p
802p
2/28/66
4.062? Bill
2/28/66
2/28/65
1,001
1,001 2/
3/22/66
3.783? Bill
3/22/66
10/11/65
3,009
3,009 8/
3/31/66
3.987? Bill
3/31/66
3/31/65
1,000
1.000
Vl/66
1-1/2? Note
4/1/66-EA
4/1/61
151
151
4/30/66
.
4/31/66
4/30/65
1,001
Note
5/15/66-D
11/15/64
8,289
8,2f!9
7,486p
3-3/4? Bond
5/15/66
11/15/60
1,028
1,028
649p
379p
9,316
9,316
3,135p
l,181p
Total
Footzx>teE on folloiring page.
Note
Note
11/15/70-A
f2,117p of 4-7/8? Note
Note
L7,680p of 5?
y
3.996? Bill
4?
5/15/66
4-7/8
b?
1.001 2/
4-7/8? Note
11/15/67-F
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Footnotes to Table 7
Daily Treasury atatement; Bureau of the Public Debt.
Source:
1/ Original call and maturity dates are used.
2/ All by investors other than Federal Reserve Banks.
2/ Rolled over into a one-year bill (see Table 4).
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 $6.9 billion. For detail of
^
2/
^
offering, see Table 4.
Excess of maturing 4-7/8$ certificates over allotments of new
securities on subscriptions from holders of those certificates (see
Table 4, footnotes 6 and 7).
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 aeeuritiea surrendered in exchange
will be taken into account upon the disposition or redemption of the
See also Table 5.
new iseourlties.
From March 20 through March 22, 1961, owners of 2-1/4$ bonds of June
notes
15, 1959-62, 2-1/4$ bonds of December 15, 1959-62, 2-5/8$
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.
Tax anticipation issue; for detail of offerings beginning 1951, see
Table 4; for amounts redeemed for taxes and for cash see "Note" below.
Holders of the maturing certificates and notes were not offered
preemptive rights to exchange their holdings, but were permitted to
present them in payment or exchange, in whole or in part, for the
$5,250 million offering of 3$ certificates or the $2,500 million
offering of 3-1/4$ notes. For detail of offering, see Table 4.
Excess of maturing 4-3/8$ certificates and 3-5/8$ notes over
allotments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 12 and 13).
Reopening of an earlier issue.
$1,569 million was redeemed for cash and $168 million was exchanged
for the tax anticipation bills dated March 23, 1962 (see Table 4).
Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were pennitted to present them in
payment or exchange, in whole or in part, for the $6,500 million
offering of 3-1/2$ certificates, the $1,500 million offering of
4$ bonds, or the $750 million offering of A-l//,% bonds. For detail
of offering, see Table 4.
Excess of maturing 4$ notes and 3-1/4$ notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 27 and 28).
From September 10 through September 12, 1962, owners of securities
maturing February 15, 1963 (3-1/2$ certificates, 2-5/8$ notes,
3-1/4$ notes), and May 15, 1963 (3-1/4$ certificates, 3-1/4$ notes,
4$ notes) were granted the option of exchanging their holdings,
subject to allotment if subscriptions exceeded the offering limits
of $6 billion for the notes and $3 billion for the bonds,
Called on August I4, 1962, for redenption on December 15, 1%2.
Holders of the maturing one-year bills were offered the option to
exchange the bills for the tax anticipation bills dated otnber 15,
1963 (see Table 4, footnote 45).
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 allot-
ments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 47 and 48).
Tax anticipation bills issued to replace the maturing one-year bills
(see Table 4, footnote 50)
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 $750 million for the
4-1/4$ bonds. Subscriptions to the 4-1/4$ bonds exceeded the limitatxon.
For allotment details see Table 4, footnote 52.
Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them in
payment or exchange, in whole or in part, for the 3-7/8$ notes
offered in the amount of about $4.0 billion. For detail of offering,
see Table 4.
Excess of maturing 5$ notes and 3-3/4$ notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4;
footnotes 59 and. 60).
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 4$ notes offered in the
amount of about $9 1/4 billion.
For detail of offering, see Table 4.
Excess of maturing 4-7/8$ notes and 3-1/4$ notes over allotments of
new securities on subscrintlons from holders of those notes (see Table
4, footnotes 62 and 63)
Holders of the maturing bonds 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 4$ notes offered in
the amount of about $2,170 million. For detail of offering, see
Table 4.
Excess of maturing 2-5/8$ bonds over allotments of the new security
on subscriptions from holders of those bonds (see Table 4, footnotes
66 and 67).
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 $9,700 million offering of 4-1/4$ notes. For detail of offering, see Table 4.
Excess of naturing 3-1/2$ notes and 4$ notes over allotments of new
securities on subscriptions from holders of those notes (See Table 4>
footnotes 71 and 72).
Preliminary.
20/
21/
22/
23/
24/
(
.
2/
2/
2/
10/
11/
il/
12/
14/
IV
1^/
T7/
18/
19/
25/
26/
27/
28^
22/
p
Note:
Information on retirement of tax anticipation issues referred to
in footnote 8. in million'^ of dollars;
Date of
May 1966
61
PUBLIC DEBT OPERATIONS
issued to Official Institutions
of Forelgi. Countries
Month of
Treasury Bulletin
62
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable In U. S. Dollars)
May 1966
63
PUBLIC DEBT OPERATIONS,
Table 8.- Foreign Series Securities
(Nonmarketable)
Issued to Official Institutions of Foreign
Countries - (Continued)
(Payable in
Month of
U.
S.
Dollars)
Treasury Bulletin
64
PUBLIC DEBT OPERATIONS.
Table 8.- Foreign Series Securities (Nonmarke table)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U. S. Dollars)
.
May 1966
65
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Serlep Securltlee (Nonmarke table)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U.
S.
Dollars)
Amount
Month of
activity
Issue
date
Security
Maturity
date
Interest
rate
Total outstanding
end of month
(In millions of dollars)
5/18/65
3/8/65
3/9/65
3/16/65
4/22/65
5/25/65
8/18/65
6/8/65
6/9/65
6/16/65
7/22/65
8/25/65
3/8/65
6/8/65
12/22/64
6/22/65
3/22/65
6/22/65
3/30/65
6/30/65
6/30/65
6/30/65
6/8/65
9/8/65
6/22/65
12/22/65
6/22/65
9/22/65
6/30/65
9/30/65
9/30/65
9/30/65
4/1/65
6/8/65
7/1/65
9/8/65
3.95
3.80
4/6/64
7/6/65
7/6/65
10/6/66
4.03
3.97
5/25/65
4/12/65
6/22/65
6/30/65
7/22/65
7/30/65
6/30/65
5/18/65
8/25/65
7/12/65
9/22/65
9/30/65
9/30/65
11/1/65
10/29/65
8/18/65
3.90
3.75
3.75
2.00
2.00
2.00
3.75
3.90
6/30/65
7/22/65
7/30/65
8/10/65
8/11/65
8/24/65
8/25/65
8/27/65
8/27/65
8/30/65
9/30/65
9/30/65
10/29/65
11/10/65
11/12/65
11/24/65
11/26/65
11/26/65
11/26/65
11/26/65
2.00
2.00
2.00
3.75
3.85
3.75
3.85
3.85
3.85
3.85
8/27/65
6/30/65
9/30/65
11/26/65
9/30/65
12/30/65
3.85
3.784
3.983
7/12/63
10/12/65
10/12/65
1/12/68
3.63
4.26
Certificates of indebtedness
8/24/65
11/24/65
3.75
Bonds
9/16/64
11/1/65
4.00
30
8/10/65
11/10/65
11/10/65
2/10/66
3.75
3.75
40
40
11/12/65
5/13/68
4.30
75
11/1^65
V14/66
3.75
10
8/11/65
11/12/65
8/25/65
8/27/65
8/30/65
11/26/65
8/27/65
11/26/65
11/30/65
11/12/65
85
05
85
85
85
C 11/30/65
2/28/66
Certificates of indebtedness
1965-May.
June.
Certificates of indebtedness
Certificates of indebtedness
July.
. .
Certificates of indebtedness
f
August.
Sept.
Certificates of indebtedness
Certificates of indebtedness
Notes
Oct.
Certificates of indebtedness
/
\
r
\_
Notes
Nov.
Certificates of indebtedness
12/10/65
11/10/65
6/22/65
12/22/65
Certificates of indebtedness
^14/66
11/26/65
11/26/65
11/26/65
2/28/66
11/26/65
1/28/66
2/28/66
V4/66
2/10/66
12/22/65
6/22/66
Notes
12/23/65
6/23/70
Certificates of Indebtedness
11/12/65
9/30/65
12/30/65
2/14/66
12/30/65
3/30/66
{
3.90
4.00
3.95
3.95
3.95
3.90
4.00
3.80
3.875
3.875
3.75
3.75
3.75
3.75
2.00
3.784
4.10
3.85
4.05
4.15
4.15
4.35
3.75
3.875
4.375
4.66
4.05
3.983
4.457
(Continued on following page)
50
32
15
30
722
50
100
18
18
50
50
25
1,132
25
20
20
275
135
100
18
125
125
100
919
5
25
180
35
250
20
50
95
35
250
40
25
864
10
40
150
2
58
10
135
1,044
325
25
25
I
1,034
10
25
1,164
25
40
2
58
100
UO
140
75
75
10
15
50
50
1,144
85
25
325
325
Treasury Bulletin
66
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (Nonmarketablel
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U. S. Dollars)
..
May 1966
67
PUBLIC DEBT OPERATIOMS
Table 0.^ Foreign Currency Series Securities
(Nonmarketable)
Issued to Official Institutions of Foreign
Countries
Month of
activity
Security
1961-Oct..
Certificates of indebtedness
1962-Jan..
Certificates of indebtedness
Mar.
Certificates of indebtedness
Apr.
Certificates of indebtedness
June.
Certificates of indebtedness
July.
Certificates of indebtedness
Aug..
Certificates of indebtedness
Sept.
Certificates of indebtedness
Oct..
Bonds
Certificates of indebtedness
Certificates of indebtedness
Certificates of indebtedness
Bonds
Nov..
Certificates of indebtedness
Bonds
Bonds
Bonds
Dec.
-Jan.
J
Certificates of indebtedness
|_Bonds
Bonds
Feb..
Bonds
Mar..
Bonds
(Certificates of indebtedness
Apr,
Bonds
Bonds
Bonds
May..
June.
July
Bonds
Treasury Bulletin
68
PUBLIC DEBT OPERATIONS
Table 9.- Foreign Currency Series Securities (Nonmarketablel
Issued to Official Institutions of Foreign Countries - (Continued)
May 1966
69
PUBLIC DEBT OPERATIONS
'^"^'! ®::/'"'®*^" Currency Series Securities (Noiwarketable)
.
Issued to Official Institutions of Foreign
Countries - (Continued)
Month of
activity
Treasury Bulletin
70
UNITED STATES SAVINGS BONDS
Series E and H are the only savings bonds currently
being sold. Series E has been on sale since May 1, 19'+1|
Series
and Series H has been on sale since June 1, 1952.
19I+I.
A-D were sold from March 1, 1935, through April 30,
Series F and ft were sold from May 1, 19'+1. through April
30,
1952. Series J and K were sold from May 1, 1952 through
April 30, 1957. Details of the principal changes In Issues,
Interest yields, maturities, and other terms appear In the
Treasury Bulletins of April 1951. May 1952, May 1957. Octo-
ber and December 1959,
Table 1.- Sales and Redemptions by Series, Cumulative through
(In millions of dollars)
Source:
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
Footnotes at end of Table i.
and May and October 136i»
April 30, 1966
,
...
.,
May 1966
71
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by
Periods. Series E through K
(
Period
Sales 1/
Accrued
discount
In millions of dollars)
Redemptions 1/
Sales plus
accrued
discount
Sales
price 2/
Total
Amount outstanding
Accrued
discount^/
Interest-bearing
debt
3,794
732
755
797
886
721
40,929
41,498
42,142
42,716
42,715
43,806
731
742
754
833
U,955
Matured
noninterestbearing debt
Series E and H combined
Fiscal years;
19^1-1956.
1957
1958
1959
1960
1961
1962
1963
1964
1965
.
.
Calendar years;
1941-1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
Months
84,463
4,613
4,670
4,506
4,307
4,464
4,421
4,518
4,656
4,543
10,298
1,133
1,161
1,174
1,194
1,254
1,331
1,3S6
1,458
1,502
94,761
5,746
86,763
4,507
4,689
4,320
4,350
4,539
4,278
4,760
4,609
4,486
10,863
1,143
1,178
1,169
1,224
1,293
1,372
1,404
1,491
1,514
97,625
5,831
5,680
5,501
5,717
5,753
5,904
6,1U
6,045
5,649
5,867
5,489
5,574
5,832
5,650
6,164
6,101
6,000
53,832
5,176
5,187
5,107
5,502
4,627
4,603
4,500
4,736
4,987
50,038
56,228
5,469
4,856
5,519
4,996
4,484
4,636
4,557
4,841
5,117
52,105
4,686
4,129
4,636
4,202
3,781
3,882
3,823
4,061
4,254
4,4U
4,432
4,310
4,616
3,906
3,873
3,759
3,982
4,154
,122
783
727
883
794
703
754
733
780
863
46,359
47,737
48,795
41,398
41,578
42,589
42,559
43,137
44,485
45,499
47,106
48, 366
49,249
:
1965-April
May
June
July
August. .
September
October.
November.
December.
1966-January
February
March..
April
.
.
391
356
362
117
116
138
388
371
342
329
146
116
129
112
116
139
473
345
457
426
150
125
127
119
3(fi
338
507
472
501
535
488
472
482
454
468
622
470
584
545
Series
Fiscal years;
1941-1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
31,683
268
937
83
65
54
46
32
27
22
18
15
Calendar years;
"
1941-1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
31,853
98
980
74
58
52
38
29
25
19
16
14
32,619
352
65
54
46
32
27
22
18
15
32,833
172
58
52
38
29
25
19
16
14
F,
462
408
440
384
340
365
78
68
74
48,670
48,733
48,795
435
430
429
382
372
394
362
362
360
321
313
329
73
68
69
62
60
65
48,894
48,951
48,994
49,093
49,175
49,249
608
419
493
466
486
349
410
386
122
71
84
79
49,263
49,314
49,405
49,485
15,239
3,605
3,235
2,063
2,921
1,129
1,059
722
400
333
500
169
116
74
128
16,568
13,124
9,842
7,787
4,829
3,709
2,652
1,955
1,563
1,248
16,692
3,982
2,318
3,122
1,646
1,058
909
434
383
297
565
171
77
125
86
14,895
10,896
8,603
5,594
4,022
50
55
2,9.73
2,0'36
28
27
26
1,721
1,368
1.075
131
27
25
25
25
24
22
2
2
1,289
1,268
1,248
106
102
99
28
25
22
25
23
20
21
2
1,225
1,204
1,185
1,166
1,145
1,075
96
93
G,
J,
15,739
3,774
3,350
2,137
3,049
1,188
1,110
771
426
358
and K combined
y
6/
2/
8/
2/
2/
17,257 5/
4,153
2,395
3,246
1,732 6/7/
1,108 T/V
963
462 2/
410
323
m/
59
51
49
27
24
312
335
331
303
257
222
196
144
127
99
681
698
655
468
348
318
316
188
U7
Months:
1965-April
May
June
July
August...
September
October.
November
December.
1966-January.
February.
March. .
April ....
.
footlipiva at and of Tmbl* i.
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
23
24
26
45
41
50
47
(Continued on following page)
22
24
2
2
2
2
2
3
91
89
86
131
a
3
1,055
107
37
46
44
3
1,021
4
4
978
935
102
96
72
Treasury Balletin
,
UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(
(Continued)
In millions of dollars)
Redemptions 1/
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Sales
price 3/
Total
Accrued
discount 3/
Exchanges of
E bonds for
H bonds
Amount
outstanding
( interestbearing debt)
Series E
Fiscal years;
1941-1956
1957
1958
1959
i960
1961
1962
1963
1964
1965
81,238
3,919
3,889
3,688
3,603
3,689
3,674
10,298
1,133
1,161
1,174
1,194
1,254
1,331
1,386
1,458
1,502
91,536
5,052
83,176
3,875
3,802
3,598
3,632
3,711
3,624
4,185
4,132
4,092
10,863
94,038
5,018
4,979
4,767
4,856
355
327
117
116
138
471
146
116
129
112
116
139
150
125
127
119
3,9U
4,136
4,112
Calendar years:
1941-1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
Months
1965-April
May
June
1,U3
1,178
1,169
1,224
1,293
1,372
1,404
1,491
1,514
201
188
219
191
206
188
37,898
37,969
38,067
38,040
37,456
37,817
38,260
39,166
40,190
41,078
278
212
199
208
198
190
38,087
37,885
38,206
37,748
37,597
38,140
38,587
39,740
40,739
41,504
53,638
4,981
4,951
4,889
5,181
4,394
4,343
4,203
4,363
4,538
49,844
4,248
4,196
4,092
4,295
3,673
3,613
3,461
55,951
5,220
4,658
5,225
4,729
4,249
4,349
4,229
4,425
4,650
51,829
4,437
3,931
4,342
3,935
3,546
3,595
3,495
3,646
3,787
4,122
783
727
425
367
400
347
300
325
78
68
74
16
497
457
444
455
426
443
398
324
323
313
73
68
18
16
15
16
14
12
41,159
41,209
41,257
41,353
582
441
534
506
22
14
25
18
41 ,497
5,049
4,862
4,797
4,943
5,005
5,300
5,594
5,6U
5,003
4,996
5,589
5,623
5.606
3,609
3,705
3,794
732
755
797
886
721
731
742
754
833
883
794
703
754
733
780
863
;
331
July
August.
September
October.
November
December.
.
1
966-January
February.
March.
April
.
.
.
351
341
315
342
310
305
433
317
407
387
443
470
391
382
343
335
357
275
291
69
62
60
65
568
372
446
122
301
71
440
424
357
345
84
79
281
15
14
40,962
41,023
41,078
41 ,430
41,504
41,552
41,620
41,684
Series H
Fiscal years;
1952-1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
Calendar years
1952-1956
1957
1958
1959
i960
1961
1962
1963
1964
1965
3,225
694
782
818
704
775
747
604
521
201
188
219
191
206
188
3,031
3,529
4,075
4,676
5,259
5,989
6,695
7,193
7,546
7,716
277
248
198
294
267
235
287
328
416
467
278
212
199
208
198
190
3,310
3,693
4,383
4,811
5,540
6,345
6,912
7,367
7,627
7,744
194
196
236
217
322
233
194
196
236
217
322
233
521
260
298
373
431
431
U9
260
298
373
449
3,587
631
887
722
718
828
654
3,587
631
887
722
718
328
654
277
248
198
294
267
235
287
328
416
467
;
Months:
1965-April
May
June
July
August.
September
October.
.
Noveiiiber
December.
1966-January .
February
March. ..
April, ...
Source;
3,225
694
782
818
704
775
747
604
575
575
477
394
477
394
36
29
36
36
36
16
7,707
29
41
41
15
7,711
31
31
40
40
14
7,716
38
37
39
47
39
38
38
37
39
47
39
18
16
15
16
14
12
7,735
7,742
7,737
28
25
38
30
28
27
28
25
40
29
40
29
40
48
40
48
22
50
50
53
53
40
40
42
7,767
7,762
7,785
7,801
30
28
27
Daily Treas\iry stateniBntj Office of Debt Analysis in the Office
of tbe Secretary.
38
38
14
25
18
Footnotes at end of Table 4*
7,741
7,745
7,744
..
...
May 1966
73
UNITED STATES SAV3HGS BONDS.
Table 4.-
Redemptions of Matured and Unmatured
Savings Bonds
(In millions of dollars)
Matured
Period
Total X/
Total
Unmatured
Series E
and H
Other
Total
Series E
and H
Other
Unclassified
10/
Fiscal years ;
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
,137
,109
817
792
,621
,515
251
1,761
,846
,958
,544
,249
,557
,819
,716
,273
164
346
1961
1962
1963
1964
1965
Calendar years
5,651
1952
1953
,
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
MoDth£:
1965-Aprll
May
June
July
August.
September
October.
November
December.
.
1966-January .
February
March.
April.
.
.
.
3,941
4,263
4,115
3,730
3,621
4,126
2,673
2,593
2,250
2,057
2,184
2,304
772
1,015
2,318
3,171
4,230
254
968
1,328
1,500
2,047
4,246
4,156
3,393
2,084
V
2,1U
1,824
1,625
1
,822 6/
1,733
1,668
1,593
1.754
1,938
940 7/
925 8/
657 2/
304
246
1,691
518
47
990
1,672
2,183
2,355
2,072
1,702
5,021
5,252
5,441
3,033
2,555
2,387
2,043
2,171
2,148
2,433
1,944
1,633
1,656
1,617
1,889
1,932
2,268
1,089
922
730
426
282
216
489
433
464
189
145
183
162
463
456
151
5,074
6,149
6,985
7,301
8,264
9,630
7,255
8,772
6,732
5,595
5,602
4,701
406
396
420
199
159
162
174
145
653
460
195
161
543
513
294
226
451
1,891
167
21
131
14
20
12
139
134
144
148
158
5,300
4,316
3,859
3,589
3,394
3,467
4,657
4,739
3,778
4,641
3,358
3,070
2,951
3,088
3,284
4,258
3,304
2,955
2,715
2,775
2,785
3,132
3,195
3,235
3,285
3,075
2,875
2,812
2,948
3,165
1,042
1,012
904
19
874
619
682
1,526
1,544
179
-84
116
543
1,356
283
196
139
140
118
-150
-210
-212
53
73
19
-121
15
y
4,914
4,025
3,799
3,057
3,666
3,899
3,157
3,287
3,817
3,096
2,882
2,464
2,976
2,920
3,322
3,091
3,445
3,114
2,899
2,827
2,905
3,026
3,176
1,097
929
917
593
689
979
1,886
750
1,075
825
-37
34
1
<t
185
75
289
227
296
279
226
280
233
316
232
304
252
254
5,207
3,841
6/
6/ 7/
2/ 1/
8/ 2/
2/
4,520
3,938
3,100
3,002
3,031
131
111
6
201
175
125
10
1
17
1
13
1°
-19
-63
7
156
139
-105
-48
172
23
295
130
260
194
30
302
160
150
10
33
355
32
335
345
325
10
10
Treasury Bulletin.
Because there is a normal lag in classifying redemptions, the distribution of redeii5)tiona between sales price and accrued discount has been
estimated.
Beginning with the Treasury Bulletin of March 1961 the
^
6/
2/
i/
2/
10/
•
78
-60
278
229
131
4/
11
61
-15
10
9
7
7
15
14
16
14
263
285
237
31
757
-595
120
266
22
-449
-239
-60
213
-52
-76
261
Source:
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
Note:
In these tables sales of Series A-F and J bonds are included at issue
price, and redemptions and amounts outstanding at current redemption
value.
Series G, H, and K are included at face value throughout.
Matured bonds which have been redeemed are included in reden^itions.
Matured J and K bonds outstanding are included in the interest-bearing
debt until all bonds of the annual series have matured, and are then
transferred to matured debt on which interest has ceased.
1/ Sales and reden^jtion figures include exchanges of minor amounts of (1)
matured Series E bonds for Series G and K bonds from May 1951 through
April 1957 and ( 2) Series F and J bonds for Series H bonds beginning
January I960; however, they exclude exchanges of Series E bonds for
Series H bonds, which are reported in Table 3.
2/ Details by series on a cumulative basis and by ptrlods for Series A-D
combined will be found in the February 1952 ana previous issues of the
y
779
90
633 5/
1,260
2,115
2,345
;
1951
.
2,747
38
702
1,128
1,487
1,826
1,917
1,971
1,906
1,996
39
method of distributing reden5)tions between sales price and accrued
discount has been changed to reflect the distribution shown in final
reports of classified redemptions. All periods shown have been
revised on this basis.
Series F and G sales were discontinued April 30, 1952, and Series J
and K sales were discontinued April 30, 1957. Sales figures after
April 30, 1957, represent adjustments.
Includes exchanges of Series 1941 F and G savings bonds for 3-l/4>
marketable bonds of 1978-83.
Includes exchanges of Series 1948 F and G bonds for 4-3/4$ marketable
notes of 1964.
Includes exchanges of Series 1949 F and G bonds for U% Barketable
bonds of 1969.
Includes exchanges of Series 1950 F and G bonds for J-l/Ht marketable
bonds of 1968,
,^
Includes exchanges of Series 1951 and 1952 F and G bonds for 3-7/8J
of
1980.
bonds
marketable
IS
and
1971
of
marketable bonds
Represents changes In the amounts of redenptlone not yet classified
between matured and unmatured Issues.
Less than $500,000.
Treasury Bulletin
74
.UNITED STATES SAVINGS BONDS.
Hv
Table 5.- Sales and Redemptions by Denominations, Series E and
(
Total all
denominations
Period
15,000
V 6/
$10,000
1200 4/
*500
$1,000
9,726
27,839
1,320
1,304
1,212
1,165
1,201
1,186
1,233
1,220
1,087
29,373
1,396
1,413
1,340
1,230
1,299
1,237
1,270
1,214
1,033
155
135
1,141
199,879
9,969
9,824
9,477
9,208
9,273
9,286
9,623
10,324
10,409
18
14
10,159
387
823
775
768
816
799
1,019
1,000
970
28, 512
30,076
1,305
1,454
1,243
1,238
1,346
1,127
1,357
1,117
169
25
38
74
1,257
1,302
1,141
1,173
1,247
1,098
1,325
1,151
tlOO
$75 2/
$25
$10 2/
Combined
In thousands of pieces)
Sales 2/
Fiscal years:
1,786 ,661
90 ,160
19a-56
1957
195B
1959
I960
1961
1962
1963
196i
1965..
21,076
89 ,431
85 ,882
85 ,607
36 ,495
86 ,479
89 ,627
96 609
99 ,560
1,211,994
56,327
54,908
52,895
52,972
53,453
53,010
54,629
59,230
60,928
286 ,552
20 256
21 ,043
20 ,108
20 ,220
20 ,434
20 ,901
21 ,903
23 ,442
23 947
1,239,510
56,361
53,200
52,452
53,910
52,528
53,503
57,391
60,217
61,841
296,431
21,166
20,152
20,050
20,347
20,447
21,329
22,828
23,816
24,106
632
1,322
204,850
9,846
9,690
9,241
9,184
9,322
9,196
10,162
10,445
10,366
1,0U
5,313
2,013
1,922
2,030
111
109
114
884
834
864
88
93
83
85
84
80
2,,009
866
855
829
82
79
72
95
90
851
893
798
774
789
813
928
1,006
982
Calendar years;
1,830,857
90,856
86,676
84,945
86,659
85,757
87,094
94,123
19a-56
1957
1958
1959
I960
1961
1962
1963
196i
1965
98,
21,076
4U
100,657
Monl^h s:
8,595
7,922
8,346
1965- April...
May
June.
.
.
July
August.
.
.
September.
October.
November.
December.
.
.
1966- January
February.
March p. .
.
.
Inception to date p.
4,811
5,100
68
12
14
16
29
33
35
27
31
30
25
22
11
15
16
16
16
10
18
13
30
27
12
978
34
27
24
20
17
17
15
17
15
13
91
76
2
1
,1
70
1
1
2
1
1
1
1
75
85
67
1
8,553
8,234
7,939
9,051
7,844
7,903
5,293
5,023
4,830
1,986
1,951
115
113
112
5,744
4,782
4,895
2,097
1,919
1,901
114
111
113
869
818
792
78
72
69
78
75
70
68
64
61
1
10,644
7,336
9,608
6,708
4,414
5,757
2,423
1,779
2,354
144
106
137
1,048
794
1,033
96
73
99
110
84
112
295,176
18,282
118,957
3,598
633
639
675
725
616
653
601
648
2,673,626
21,076
•
1,757,793
497,228
2,342.'
1
1
1
1
1
1
111
85
113
2
1
1
1
2
1
39,557
41,548
416
209
13,860
1,354
1,320
1,301
1,351
1,076
1,077
1,005
1,051
1,070
13,120
1,485
1,464
1,451
1,567
1,139
1,126
1,028
1,088
1,122
9
9
11
13,778
1,578
1,365
1,575
1,334
1,098
1,108
1,037
1,111
1,136
]2
12
9
99
91
95
2
98
92
91
2
2
2
80
82
80
86
2
2
2
158
97
111
2
2
2
25^485
137
Redemptions 7/
Fiscal years;
1941-56
1957
1958
1959
I960
1961
1962
1963
1964
1965
Calendar years;
1941-56.
1957
1958
1959
I960
1961
1962
1963
1964
1965
Months
1965-April...
May
1,319,012
93,175
93,452
88,647
90,748
85,077
83,804
83,469
87,242
90,012
18,609
321
952,334
60,612
231
177
59,880
56,036
56,796
54,280
52,958
53,018
55,264
56,736
1,363,947
96,384
88,902
90,083
87,819
82,762
84,285
84,965
88,054
92,532
18,774
lU
101
78
62
54
51
280
197
161
122
87
71
58
50
50
198,518
18,165
19,467
18,598
19,507
18,654
18,746
19,022
20,034
20,744
10 , 590
10,433
10,394
10,634
9,197
9,150
8,715
9,080
9,322
245
57,080
56,389
55,552
52,626
53,231
54,055
55,682
58,045
207,148
19,777
18,296
19,150
19,089
18,346
19,006
19,402
20,204
21,330
2,015
1,678
1,837
36
32
38
981,968
61,695
65
434
:
67
94
56
88
62
92
821
809
795
62
61
58
93
91
714
691
717
54
81
77
1,408
1,250
1,368
1,201
1,045
1,070
1,008
1,067
1,080
4
July
August. , .
September.
7,822
8,052
7,858
4
4
4
4,905
5,133
4,946
1,798
1,819
1,829
October.
November.
December
6,977
6,915
7,289
3
1,618
1,578
1,648
41
3
4,381
4,387
4,654
1966-January
February.
March p
9,447
7,284
8,700
6
4
4
5,675
4,512
5,415
2,204
1,733
2,047
54
44
58
1,122
90
7U
892
58
68
136
89
102
2,184,984
19,864
[l, 501.924
387,729
655
213,777
10,043
25_,303
. .
.
.
.
.
Inception to date p....
5
3
37
41
44
U
46
These figures are estimates by the Office of Debt Analysis in the
Office of the Secretary and are based on the daily Treasury 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 on May 1, 1964.
Sales began in October 1945.
Note:
V
U,479
5,286
4,688
5,030
.
2/
3,890
666
627
722
657
609
653
615
670
715
4
.
2/
123,891
10,961
10,075
10,696
9,848
8,937
9,129
8,771
9,180
9,533
390
750
837
8,494
7,390
7,997
June.
1/
694.
^
^
7/
*
P
53
53
88
9
15
10
10
12
15
19
U
12
9
12
13
18
20
2
2
Sales of $10,000 denomination Serlea E bonds were authorized on
May 1, 1952.
Includes sales and reden^jtlons of $100,000 denomination Series E bonds
which are purchasable only by trustees of enployees' savings plans
beginning April 1954, and also personal tr 3t accounts beginning
January 1955.
See Table 4, footnote 1.
Less than 500 pieces.
Preliminary.
4
S
...
.
May 1966
75
-OWNiSSHIP OF TEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors
and Types of Issues
(in millions of dollars)
Interest-bearing securities issued by the U.S. Government
Held by U.S. Government
Held by private
investment accounts 2/
investors ^Z
Held by
Federal
Total
Public
Reserve
Public
outnonbanks marketstanding
Public
Special
marketTotal
public
Total
able
issues
issues
able
issues
Total
Federal
securities out-
End of
fiscal
year or
month
standing
1/
issues
1957
1958
1959
I960
1961
1962
1963
1964
1965
,
,
,
,
,
1965- April
Hay
June
July
August.
.
September,
October,
November,
December.
1966- January
February.
March. .
April. . ,
.
.
8,674
9,596
9,799
10,360
10,959
11,357
13,405
14,337
14,586
46,827
46,246
44,756
44,899
45,043
44,939
44,801
46,627
48,650
23,035
25,438
26,044
26,523
27,253
29,663
32,027
34,794
39,100
189,949
193,418
201,235
201,459
202,417
208,483
211,721
211,598
210,776
127,179
134,593
317,213
319,823
317,864
312,209
59,028
62,537
63,236
M,626
44,402
47,833
48,650
37,754
38,686
39,100
215,427
212,943
210,776
162,283
159,776
157,220
53,
317,056
318,742
317,270
319,394
322,176
321,359
312,197
313,896
312,359
U,393
U,923
15,403
15,183
15,650
15,512
47,789
49,780
48,069
46,957
47,052
46,255
39,207
39,049
39,774
39,657
40,575
40,768
210,808
210,144
209,113
212,760
214,080
213,979
157,276
156,641
155,410
159,363
317,357
316,515
62,182
64,703
63,472
62,L40
62,702
61,767
160,500,
160,430;
53,533
53,503
53,703
53,397
53,579
53,549
322,419
323,746
321,454
320,051
317,599
318,921
316,582
315,219
59,885
61,606
61,597
60,390
15,529
15,824
15,638
15,469
44,356
45,781
45,959
44,921
40,565
40,189
40,734
40,713
217,149
217,126
214,251
163,667
163,782
160,883
160,926
53,482
53,344
53,368
53,189
U4
284,817
286,471
289,211
293,645
306,466
312,526
317,864
3U,166
313,113
3U,557
14,703
U,586
2U,115
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 debt not subject to statutory limitation.
For amounts
subject to limitation, see page 1.
Includes accounts under the control of certain U.S. Government agencies
Source:
1/
2/
2/
4/
Total
outstanding
issues
55,501
55,842
54,554
55,259
56,002
56,296
58,206
60,964
63,236
276,
Held by
1U,983
149,546
151,392
157,418
160,361
159,575
157,220
Held by
U.S.
private
investors
Government
investment
accounts
Matured
debt
and
debt
bearing
no
interest
2/
268,486
274,698
281,833
283,241
285,672
294,442
301,954
307,357
313,113
270,634
Interest-bearing securities guaranteed by the U.S. Government 4
6i,770
58,825
56,252
51,913
51,025
51,065
51,360
52,023
53,556
106
101
110
139
240
lU
655
604
50
56
54
4(.
63
79
87
167
165
159
139
47
60
153
277
440
653
450
1,646
2,873
3,090
3,300
3,759
3,907
4,357
4,163
589
138
141
139
517
463
450
4,349
5,053
4,163
470
499
519
490
462
453
115
116
116
115
100
100
355
383
403
376
362
354
4,388
4,346
4,391
4,347
4,357
4,391
413
433
454
467
96
98
97
96
317
335
357
371
4,407
4,392
4,418
4,366
444
605
812
589
53,167
53,556
whose investments are handled outside the Treasury.
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 and Other Accounts Handled by the Treasury i/
(In millions of dollars; negative figures are net sales)
Year
|;
Jan.
Feb.
1940.
1941.
1942.
1943.
1944.
1945.
1946.
1947.
-9.5
-2.8
-.5
-14.5
-9.9
-67.5
-8.1
-20.9
12.0
30.0
-90.3
-105-1
-48.1
-.7
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
-.2
8.8
-6.6
36.8
22.1
24.6
7.0
23.0
.1
Apr.
Aug
July
May
Sept.
.4
.9
-...4
-1.1
-.2
.4
-.2
1.0
60.0
-16.5
-55.6
-35.2
-10.0
-34.4
3.3
.4
-4.7
-61.3
-338.6
-145.8
20.5
-56.4
-69.8
-359.2
-67.8
-18.5
-17.0
-157.8
-609.1
106.8
-12.1
1.5
1.1
8.4
19.9
36.2
-2.9
29.9
-30.4
-54.7
-1.9
11.4
1.1
5.1
5.4
-.1
8.2
2.9
35.9
2.8
56.2
3.5
1.5
20.1
-45.5
22.5
1.4
7.9
-21.7
74.8
5.7
193.8
-5.7
5.8
-72.9
-11.5
-5.9
-1.6
-.7
.3
.3
.4
-8.4
-15.8
-19.0
-.2
-U.2
-308.1
I
,;
f
i
'
1956.
1957.
1958.
1959.
1960.
1961.
1962.
1963.
1964.
1965.
1966.
177.4
-1.8
13.5
261.2
6.7
8.8
-4.0
77.2
5.1
6.3
482.7
.5
12.9
-22.4
18.9
17.5
-5-6
76.9
80.7
-9.8
72.6
-155.9
23.0
16.5
-21.3
47.1
142.1
56.1
18.9
293.5
46.7
35.4
-2.1
44.0
16.4
19.5
18.2
32.3
1A8.7
397.6
75.1
101.1
210.9
334.5
111.3
83.2
38.2
44.6
7.0
27.1
-1.3
U.3
-123.4
U.l
Oct.
10.7
13.4
10.6
62.2
43.1
-SB.
.2
4^'
.
2
21.8
24.2
39.9
656.2
177.2
9.9
-14.5
15.4
-8.7
73.9
182.4
445.5
32.2
35.5
25.6
61.9
-59.0
155.8
143.1
141.0
69.7
28.7
145.9
313.4
-86.3
53.1
Consists of purchases or sales, in the market, by the Treasury of securities
issued or guaranteed by the U.S. Government for (1) trust funds which by
law are under the control' of the Secretary of the Treasury or the Treasurer
of the U.S., (2) accounts under the control of certain U.S. Government
agencies whose investments are handled through the facilities of the
Treasury Department; and (3) purchases prior to maturity by the Secretary
15.
-28.1
-12.5
-74.1
-123.1
-5."
-5.9
4.8
-12.0
-123.0
-14.1
-57.6
221.0
-20.3
696.4
.1
-.8
11.5
10.7
-3.6
11.7
-1.1
14.2
7.9
-.2
.3
7.2
4.6
5.0
2.8
3.5
38.4
-10.0
11.8
-30.7
56.2
26.6
17.3
41.1
25.5
36.8
-23.3
345.7
83.9
-67.3
33.5
8.4
10.3
10.6
28.3
3.4
25.1
325.5
373.1
71.6
105.5
57.3
-25.4
436.7
21.3
33.3
43.7
113.1
39.7
27.8
19.5
33.8
223.4
578.6
169.8
198.6
126
100.1
233.0
116.8
-1.9
4.4
3.8
-2.0
4.7
1.9
.4
-17.2
20.3
9.4
26.4
19.1
18.3
44.4
17.3
-304.4
-1.7
5.8
8.4
16.5
17.0
21.1
39
55.1
-.1
7.0
29.0
8.2
.6
41.0
234.8
securities as authorized ""^er
of the Treasury of any outstanding
Act, as amended Ol U.S.C. 754a).
Section 19 of the Second Liberty Bond
transactions for the Exchange
This table excludes (1) all investment
subscription on origin.1
Stabilization Fund; and C2) all purchases by
redeemed upon maturity.
issue and all securities which are
Less than $50,000.
Treasury Bulletin
76
CWNERSmP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par values 1/ in billions of dollars)
May 1966
77
.TREASURY
SUWEY OF
The monthly Treasury Survey of Ovmership covers securities issued by the United States Government and ty FedThe banks and insurance companies included
eral agencies.
in the Survey currently account for about 90 percent of all
such securities held by these institutions.
The similar
proportion for corporations and for savings and loan associations is 50 percent, and for State and local governments
Data were first published for banks and in70 percent.
surance companies in the May 19-4.1 Treasury Bulletin, for
Section
I
OWNERSHIP,
MARCH 31, 1966,
corporations and savings and loan associations in tne September I960 Bulletin, and for State and local governments
in the February 1962 Bulletin.
Holdings by oomnercial banks distributed according to
Federal Reserve member bank classes and nonmember banks are
published for June 30 and December 31. Holdings by corporate pension trust funds are published quarterly, first
appearing in the March 195-i Bulletin.
Securities Issued or Guaranteed by the United States Government
Table 1.- Sununary of all Securities
Treasury Bulletin
78
TREASURY SURVEY OF OWNERSHIP,
MARCH 31, 1966,
Section I - Securities Issued or Guaranteed by the United States Govemaent
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values - In millions of dollars)
May 1966
79
.TREASURY SURVEY OF CWNERSHIP,
MARCH 31, 1966
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)
Treasury Bulletin
80
.TREASUEY
Section II
SDWEY OF OWNERSHIP, MARCH
31, 1966,
Interest -Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
(Par values - in millions of dollars)
May 1966
81
MARKET QUOTATIONS ON TREASURY SECURITIES,
APRIL 29, 1966
Current market quotations shown here are over-thecounter closing bid quotations in the New York market
for the last trading day of the month, as reported to
the Treasury by the Federal Reserve Bank of New York.
The securities listed include all
regularly quoted public
marketable securities issued by the United
States Treasury
Securities issued by Federal agencies and
guaranteed
by the United States Government are
excluded.
Tabl« 1.- Treasury Bills
Amount outstanding
Treasury Bulletin
82
MARKET QUOTATIONS ON TREASURY SECURITIES, APRIL 29, 1966,
Table 4.- Treasury Bonds
May 1966
83
.MARKET QUOTATIONS ON TREASURY SECURITIES, APRIL 29, 1966-
z
o
c
iij
tlJ
OOO.
o
Treasury Bulletin
84
•AVEEAJE YIELDS OF LONG-TEIW BONDS.
Table 1.- Average Yields of Treasury and Corporate Bonds by Periods
(Percent per annum)
Treasury
bonds 1/
Moody' s Aaa
corporate
bonds
Treasury
bonds 1/
Period
Moody' s Aaa
corporate
bonds
Treasury
bonds 1/
Moody' s Aa
corporate
bonds
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
2.83
2.73
2.72
2.U
.82
2.31
,66
2.32
2.57
2.68
2.94
2.55
2.84
3.08
3.47
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
,62
,53
,61
Monthly series
Moody
Aaa
corporate
bonds
Treasury
bonds 1/
Period
Moody
Aaa
corporate
bonds
Treasury
bonds 1/
January .
February
March.
April ....
May
June
1955
2.68 2/
2.78
2.78 2/
2.82
2.81
2.32
2.93
2.99
3.02
3.01
3.04
3.05
3.34
3.22
3.26
3.32
3.40
3.58 2/
3.77
3.67
3.66
3.67
3.74
3.91
July
August.
September
October.
November
December.
2.91
2.95
2.92
2.87
2.89
2.91
3.06
3.11
3.13
3.10
3.10
3.15
3.60
3.63
3.66 2/ 2/
3.73
3.57 2/
3.30 2/
January
March. ...
April. ...
May
June
2.88
2.85
2.93 2/
3.07
2.97
2.93
3.11
3.08
3.10
3.24
3.28
3.27
July
August.
September
October.
November.
December.
3.00
3.17
3.21
3.20
3.30
3.40
3.28
3.43
3.56
3.59
3.69
3.75
.
.
.
Fe'bruary
.
Treasury
bonds 1/
Period
December
Treasury
bonds 1/
Moody'
Aaa
corporate
bonds
Treasury
bonds 1/
1963
1961
Moody'
Aaa
corporate
bonds
19t.5
4.14
4.16
4.15
4.15
4.14 2'
4.14
.*.43
3.92
3.92
4.01
4.08
4.09
4.21
4.19
4.19
4.21
4.22
4.23
3.90
4.10
4.12
4.10
4.08
3.81
4.11
4.10
4.26
4.11 3/
4.12
4.27
4.47
4.43
4.52
4.57
4.56
4.58
3.90
4.00
4.02
3.98
3.98
4.06
4.41
4.45
4.45
4.42
4.39
4.42
4.01
3.99
4.04
4.07
4.11
4.14
4.26
4.29
4.31
4.32
4.33
4.35
4.15
4.19
4.25
4.28
4.34
4.43
4.48
4.49
4.52
4.56
4.60
4.68
3.24 2/
3.28
3.25
3.12
3.14
3.20 2/
3.60
3.59
3.63
3.60
3.57
3.57
4.37
4.22
4.08
4.18 2/
4.16
3.98
4.61
4.56
4.49
4.45
4.46
4.45
4.08
4.09
4.01
3.89
3.88
3.90
4.42
4.42
4.39
4.33
4.28
4.28
4.15
4.14
4.18
4.20
4.43
4.61
4.63
4.55
4.74
4.78
4.92
4.96
4.16
4.13
4.37
4.36
4.38
4.40
4.41
4.41
3.36
3.60
3.75
3.76
3.70
3.80
3.67
3.85
4.09
4.11
4.09
4.08
3.86
3.79
3.84 2/
3.91
3.93
3.88
4.41
4.28
4.25
4.30
4.31
4.35
4.02 2/
3.98
3.94
3.89
3.87
3.87
4.34
4.35
4.32
4.28
4.25
4.24
4.13
4.14
4.16
4.16
4.12 1/
4.14
4.40
4.41
4.42
4.42
4.43
4.44
1960
1958
Moody' s Aaa
corporate
bonds
31.
1,
4.51
5.00
4,
4.51
4.50
4.53
4.54
8,
V
4.99
4.98
4.97
4.97
11,
4.54
4.97
24.
3.91^
'
Aaa
corporate
bonds
3.89 2/
3.92
3.93
3.97 2/
3.97
4.00
4.60
4.64
4.68
4.70
4.73
17.
Moody
Treasury
bonds 1/
4.32
4.27
4.22
4.25
4.27
4.33
4.36
4.42
4.45
4.44
4.44
10,
3.79
4.38
4.41
4.35
4.33
4.26
4.40
4.49
3.89
3.81
3.78
3.80
3.73
3.88
4.58
4.60
4.61
4.62
3,
3.43
4.08
4.02
3.90
3.95
4.00
4.15
4.21
4.12
4.14
4.13
4.23
4.37
4.46
4.34
4.35
4.34
4.34
5,
12,
19,
26,
Moody'
Aaa
corporate
bonds
1959
1962
Treasury
bonds 1/
Weekly series
1965-November
1959.
1960.
1961.
1962.
1963.
1964.
1965.
averages of daily series
Treasury
bonds 1/
1957
1956
.
-
'
'
;.8£
2.96
3.20
2.90
3.06
3.36
3.39
1966-January
-
4.41
...42
-.43
4^4.
4.46
1964
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
averages of daily series for weeks ending
7.
14..
21..
28..
February 4.
11..
18..
25..
1966-March
4.U
4.73
4.74
4.74
4.74
4.52
4.58
4.65
4.66
4.75
4.76
4.79
4.82
April
4.44
4.42
4.42
4.71
4.68
4.63
4.57
4.85
4.88
4.93
4.97
4.54
4.52
4.55
4.57
4.58
4.99
4.98
4.95
4.95
4.95
22.
4.57
4.56
4.95
4.94
25.
26.
27.
28.
29.
4.57
4.58
4.58
4.58
4.58
4.94
4.94
4.94
4.96
4.95
4.
11.
18.
25.
1.
8.
15.
22.
29.
ally series unweighted averages
1966-April
5.
6,
7.
1966-April
12...
13...
14...
15...
4.54
4.54
4.55
4.56
4.95
4.95
4.95
4.95
18...
19...
20...
4.56
4.57
4.59
4.95
4.95
4.95
Beginning April 1953» Treasury bond yields are reported to the
Treasury by the Federal Reserve Bank of New York, based on closing
bid quotations in the over-the-counter market.
Yields for prior
periods were computed on the basis of mean of closing bid and ask
quotations. Moody's Investor Service is the source for the average
of Aaa corporate bonds.
Series includes bonds on which the interest Income is subject to
Source:
1/
2/
2/
1966-April 21.
normal tax and surtax and which are neither due nor callable before a
given number of years as follows: April 1953 to date, 10 years;
April 1952 - March 1953, 12 years; October 1941 - March 1952, 15 years.
For bonds currently in the series, see Table 3 under "Market Quotations
on Treasury Securities" in this issue of the Bulletin.
One or more new long-term bonds added to the average (see footnote l).
An existing bond dropped from the average (see footnote 1).
Market closed.
May 1966
85
AVERAGE YIELDS OF LONG-TERM BONDS
Q
O
CD
LU
O
a
a:
O
o
>-
Treasury Bulletin
86
INTERNATIONAL FINANCIAL STATISTICS.
Table 1.- U. S. Gold Stock, and Holdings of Convertible Foreign
Currencies by U. S. Monetary Authorltle*
May 1966
87
,
INTERMTIONAL 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
ti
Treasury Bulletin
88
.INTERNATIONAL FINANCIAL STATISTICS.
Table 4.
Estimated Gold Reserves and Dollar Holdings of Foreign Countries
and International Institutions'!/
May 1966
89
JNTERMTIONAL
FINAJJCIAL STATISTICS.
Table 5.- Liabilities to Foreign Official Institutions and International
and Regional Organizations i/
(In millions of dollars)
Area
Treasury Bulletin
90
CAPITAL MOVMENTS
Background
Data relating to capital movements between the United
"Short-term" refers to obligations payable on demand
States and foreign countries have been collected since 1935,
or having an original maturity of one year or less, without
pursuant to Executive Order 6560 of January 15, 1934, Execu-
deduction of any offsets
tive Order 10033 of February
promulgated thereunder.
8,
194-9,
and Treasury regulations
Information on the principal types of
data and the principal countries is published monthly in the
.
"Long-term" refers to obligations
having an original maturity of more than one year, and includes securities having no contractual maturity.
Exclusions
Reports by banks, bankers, securities
The data published herein do not cover all types of
brokers and dealers, and nonbanking business concerns in the
capital mov an ents between the United States and foreign
United States are made initially to the Federal Reserve Banks,
countries.
"Treasury Bulletin."
which forward consolidated figures to the Treasury.
These
The data reported to and published ty the Treasury
Department exclude entirely the intercompany capital trans-
statistics are consolidated by the Treasury and published as
actions of business enterprises in the United States with
promptly as possible.
their own branches and subsidiaries abroad or with their for-
The reporting forms and instructions used in the collection of the statistics have been revised a number of times.
The
recent revision became effective with reports' covering
iBDst
data as of May 31, 1963.1/
A
detailed description of the
eign parent companies; such transactions are reported by
business firms to the Department of Commerce.
Data on the
capital transactions of the United States Government and on
shipments and receipts of United States currency are also
Certain capital trans-
contend of the statistics, including the changes instituted,
excluded from the Treasury reports
appeared in the July 1963 issue of the "Treasury Bulletin,"
actions not effected through reporting institutions, such as
pages 79-81.
As a result of changes in presentation intro-
duced 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
securities transactions carried out entirely abroad, are not
recorded in the Treasury reports.
abroad and the foreign subsidiaries and offices of United
States banks and business concerns; the central governments,
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
The liabilities data exclude nonnegotiable, nonlnterest-
covers all institutions and individuals domiciled outside
the United States, including United States citizens domiciled
.
bearing special notes of the United States held by the Inter-
American Development Bank and the International Development
Association.
The data on securities transactions and on foreign
central banks, and other official institutions of foreign
countries, wherever located; and international and regional
holdings of U.S. Goverrment bonds and notes exclude non-
organizations, wherever located.
marketable U.S. Treasury notes, foreign series, and non-
In general, data are reported opposite the foreign
country or geographical area In which the foreigner is domiciled.
Data pertaining to branches or agencies of foreign
official institutions are reported opposite the country to
marketable U.S. Tre'asury bonds, foreign currency series
(see "International Financial Statistics" section, Table
2).
Presentation of statistics
Data collected monthly on the Treasury Foreign Exchange
which the official institution belongs. Data pertaining to
international and regional organizations are reported opposite
Forms are published In three sections.
Section I provides a
the classification "International," "European regional," or
summary of the principal data by period; Section II presents
"Latin American regional," as appropriate, except for the
data by country and by period; and Section III shows detailed
Bank for Interna tiaial Settlements and the European Fund,
breakdowns of the latest available preliminary data.
Section IV presents supplementary data
which are Included in the classification "Other Western
Europe
."
\rfiich
are reportea
less frequently than monthly but which are published monthly.
2/ Copies of the reporting form* and Instruotlons may be obtained from the Office of Balance of Payments Programs, Operations and Statistics, Office of
the Assistant Secretary for International Affairs, Treasury Department, Washington,
D.C. 20220 or from Federal Reserve Banks.
.
May 1966
91
CAPITAL MOVmENTS
Section I - Summary by Periods
Table 1.- Net Movements of Banking Funds and Transactions In Long-Term Securities with Foreigners!/
(In millions of dollars; negative figures indicate a net
outHow
of capital from the United States)
Analysis of net movement
Changes in liabilities to foreigners
Calendar year
or month
movement
Short-term
banking
Total
„„
1946
19i7
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
-767.6
261.8
280.9
164.5
1,576.3
-387.7
1,225.2
1,278.1
521.9
945.0
416.4
-940.5
-903.6
3,338.5
479. B
-404.8
y
y
Changes in claims on foreigners
Transactions
Net
-752.1
550.3
405.7
-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
2,268.0
1,909.2
-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
1,822.9
1,888.4
2,631.9
-140. 7r
132.2 2/
2,486.0
948.5
2,906.2
Long-term
banking
funds
U.S. Gov't,
bonds
and
notes 2/
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
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
5.1
in:
Other
domestic
securities
2/
-64.5
-150.6
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
-21.2
2.3
98.7
12.7
70.5
141.1
156.2
291.3
193.9
-39.0
435.5
251.8
223.5
-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
-728.0
670.9
-337.7
-75.8
-181.1
59.8
206.9
-172.8
-461.0
71.4
-1,517.5
-2,725.3
-3.164.1
-849.6
-184.9
-169.7
105.0
57.2
-32.4
151.8
-19.5
-94.0
18.0
-151.6
-119.7
14.3
-1U.3
1962
1963
1964
1965 6/
1966 Jan. - Mar. p7/'
305.4
-836.9
-532.2
1965-March
April
May
June
July
August
September
October
November
December
-810.7
-295.5
-359.9
126.8
83. Or
567. 4r
263.2
254.2
-249.8
-139.4
-641.0
-400.5
-417.1
159.2
-68. 8r
586. 9r
357.2
236.2
-98.2
-19.7
-621.2
-445.0
-418.6
321.3
81. 4r
678. Or
371.9
321.6
-62.5
-82.2
-35.0
-16.5
-0.4
60.1
-58.7
0.9
7.1
-35.2
47.5
24.3
-16.7
64.7
-0.7
14.3
20.2
8.3
-44.0
-55.9
1.6
31.9
-3.7
2.6
-236.5
-111.7
-100.3
-27.7
-6.2
-27.3
36.6
244.4
-261.9 2^
-35.2
230.1
-263.9
166.0
215.6
-147.7 2/
138.1
-11.6
-0.4
47.9
-8.8
-117.8
-54.5
34.9
2.0
34.5
1966-January yt ....
February p 2/*
March p
-
1/
2/
y
y
y
y
V
y
^990. 3r
-52.7 2/
y
2/'
^
215. 5r
206.0 2/
62.1
236.2
180.6
35.9
For an explanation of statistical presentation and exclusions, see
headnote on page 90.
Through 1949, transactions in U.S. Government bonds and notes include
transactions in domestic corporate bonds.
Data below the line include changes in liabilities and claims reported
by a number of banks included in the series beginning December 31, 1961.
Change includes claims previously held but first reported as of May 31,
Also
1963; as of that date such claims amounted to $85.6 million.
includes claims reported by banks for the first time as of December 31,
1963; as of that date such claims amounted to $193.2 million, representing in part claims previously held by banks but not reported.
Change in short-term liabilities includes a net increase of $50.8
million as of December 31, 1964, arising from changes in reporting
coverage.
Data below the line on changes in claims reflect the exclusion from
the series beginning December 31, 1964 of short-term U.S. Government
5.9
2/
y
p
r
Short-term
banking
funds
Total
2.0
-201.2
V
y
y
Long-term
banking
funds
Transactions
in foreign
securities
265.1
39.0
-94.8
27.8
-145.4
-377.0
-217.9
-72.2
-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
-188.3
-183.0
-153.3
-335.4
-343.0
-811.6
-1.494.4
325.4
137.4
-126.6
-869.5
-941.6
-228.5
125.6
-46.7
133.8
24.7
17.5
188.1
28.0
43.2
106.7
-94.4
-145.9
-11.3
65.9
60.6
74.5
12.3
-24.9
-28.8
11.9
7.3
54.1
-111.7
-94.7
-28.1
-124.4
-48.6
-22.6
-108.4
-100.6
-64.5
-27.9
75.4
23.2
-229.8
-108.0
-110.1
168. 7-i
86.8
-118.1
34.9
27.0
-300.4
-30.4
-511.1
-722.1
-1,362.5
-749.7
-644.7
-830.4
y
y
-1,047.9
-1,044.2
-728.1
-946.5
-447.9
claims previously included; and the addition to the series of claims
arising from the inclusion of claims previously held but first reported as of December 31, 1964, and from revisions of preliminary
figures.
Change in short-term liabilities excludes $776.3 million representing
letter of credit issued by the U.S. Treasury Department to the International Monetary Fund in payment of the dollar portion of the U.S.
quota increase which became effective on February 23, 1966.
Data below the line on changes in short-term claims reflect the addition to the series of short-term claims held in custody for domestic
customers but reported by banks for the first time beginning December 31,
1965, and short-term claims reported by banks reporting for the first
time.
Preliminary.
Revised.
Treasury Bulletin
92
CAPITAL MOVEMENTS
Section I - Summary by Periods
Table 2.- Banking Liabilities to and Claims on Foreigners!/
(Position at end of period in millions of dollars)
Short-term claims on foreigners
Short-term liabilities to foreigners
Payable in dollars
Total
shortterm
liabilities
End of calendar
year or month
Official
institutions
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
10,893.3
11,915.3
12,436.9
6, 883.1
6, 480.3
7, 116.4
7 713.0
19i5.
1946.
1947.
19i8.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
I960.
1961.
7 618.0
8 644.8
9, 302.2
10, 546.1
11
648.4
12 918.
13
600.7
14 939.1
15, 158.3
16 159.1
19, 388.7
5/.
21, 271.6
22 450
22 532.6
1962
1963....
25, 018.6
25, 967.1
1%1
Foreign countries
Foreign
banks
2/
K
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
5,380.4
5,251.0
5,713.0
Other
foreigners
2,678.5
2,922.2
2,972.8
2,947.1
3,001.5
1,392.5
1,513.0
1,675.8
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
2735S".9
2,564.4
3,046.2
Total
longterm
Payable
International
and
regional
473.7
2,262.0
1,864.3
1,657.8
1,527.8
1,641.1
1,584.9
1,629.4
1,769.9
1,881.1
1,452.1
1,517.3
1,5U.O
3,158.1
4,011.8
3.751.7
3,751.7
5,144.5
4,637.1
in
foreign
currencies
liabilities
25.5
40.6
49.7
70.4
51.0
.9
1.4
4.6
1.0
.7
U.9
72.2
61.4
43.7
43.2
40.3
48.8
59.0
59.4
77.2
113.1
150.4 6/
150.4"67
143.4 6/
134.1 e/
1.0
1.2
2.3
1.8
2.7
2.8
1.2
9.9
1.6
'.8
7.5
2.2
2.2
7.3
69.4
28,873.4 S/13,220.3
7,213.4 8/
3,376.3^^4,973.5
89.9 S/ 306.2
1965 10/
29,038.9r
13,065.9
7,353.8r
3,587.2
5,022.6
59.3
490.8
1965-March
April
May
June
July
August
September
October.
November
28,323.0
27,878.0
27,459.4
27,780.7
27,862.1r
28,540.1r
7,403.0
7,265.2
7,112.8
7,159.6
7,388.5r
7,824.8r
7,840.1r
8,087.7r
7,817.4r
3,481.9
3,476.9
3,439.1
3,471.4
3,483.3
3,484.8
3,503.0
3,545.8
3,591.6
5,081.7
5,085.7
4,862.8
4,847.7
5,145.5
5,058.3
5,125.0
5,096.1
5,084.6
63.6
84.2
90.0
101.4
97.0
113.3
117.7
100.8
98.5
461.9
445.3
444.9
505.0
29,233.6r
29,171.1r
,292.8
,966.0
,954.7
,200.6
,747.8
,058.9
,326.2
,403.2
,578.9
29,088.9r
13,065.9
7,353.8r
3,587.2
5,022.6
59.3
7,674.3
7,741.9
7,763.3
3,592.0
3,632.8
3,665.6
5,126.3
361 7
5,241.712/380, 5
5,330.212/381, 4
1964
8/2/
28, 912. Or
.
.
.
.
.
December 11/.
1966- January. .
February p 12/
March pl2/.
.
•
12,550.1
29,304.5
29,156.812/12,159.9
29,295.012/12,154.4
Payable
Loans to:
Official
institutions
392.
708.
948,
1,018,
827,
898,
968,
1,048,
904,
1,386,
1,548,
1,945,
2,199,
2,542,
2/
2/
2/
2/
2/
73.4
86.1
87.9
85.2
243.0
160.9
176.
241.
400.
350.
2,624
3,614,
290.
^762
328.5
328.5
358.9
136.0
223.3
4,820.
5,163.
5,974.
7.469,
Foreign
banks
100.
319.
292.
361.
222,
151,
177,
122,
156,
206,
328,
405,
385,
439,
497,
524,
699,
709.
952.
954.
1,373.
1,402,
in
Other
foreigners
Other
claims
2/
2/
2/
2/
2/
245.0
290.5
490.6
104.2
109.8
131.7
109.8
142.0
235.6
330.4
303.0
427.5
460.1
482.1
617.6
622.4
641.8
773.9
1, 054.6
1,149.8
1,130.4
lri,130.2
1,207.0
1,208.3
1,144.5
1,147.4
1,139.3
1,128.7
1,106.2
1,101.3
1,100.9
557.1
494.3
328.7
503.4
627.9
451.5
584.1
660.0
883.8
1,121.6
1,076.7
1,098.2
1,837.8
2.531.1
2,573.9
2,652.9
3,429.4
foreign
currencies
47.5
98.1
165.4
100.4
110.8
240.6
91.8
78.4
101.6
211.0
163.9
149.6
147.3
197.7
217.2
479.6
585.6
557.1
630.8
659.0
4.158.8
4,559.6
4,190.2
4,263. 9r
4,380.1
4,341.8
4,381.9
4,337.2
4,233.8
4,211.5
4,152.5
4,039.0
4,095.5
474.0
491. 9r
599.2
548.6
574.7
566.2
532.9
509.3
532.8
496.2
502.8
7,957 2 2/220.8
271.2
7,631 7
7,726. 5iiO/271.2
242.9
7,933,
207.9
7,799.
212.9
7,775.
230.9
7,757.
241.4
7,569.
233.5
7,5<vl.
239.2
7,4y8.
264.8
7,391,
251.3
7,485,
1,565
1,569.
1,504.
1,493.
1,461.
1,475.
1,422.
1,458.
1,467.
1,440.
1,535.
490.8
271.2
7,631.7
7,726.5rlia71.2
1.565.9 1.130.4
l,569.1rl,130.2
4,190.2
4,263.9r
474.0
491. 9r
479.2
478.8
526.7
7,557.8
7,471.1
7,589.2
259.1
225.2
235.3
1,499.9 1,107.9
1,502.9 1,
1,509.5 1,125.9
4,215.5
4,217.6
4,274.1
475.4
435.5
U6.3
U7.2
454.3
419.0
466.5
6/
Payable in dollars
Total
shortterm
claims
I
4U.4
Total
longterm
claims
175.6
140.7
227.5
187.7
216.7
390.4
403.9
440.5
324.9
440.9
670.9
839.4
1,173.8
1,362.1
1,545.1
1,698.4
2,033.8
2,033.8
2,160.4
3,029.3 7/
3,971.4
i,m.'? a/
4,501.3
4,746.1
4,680.3
4,619.6
4,545.1
4,532.3
4,557.7
4,536.5
4,574.6
4,567.3
4,513.2
4,437.3
4,414.6
4,387.7
I
1/
2/
2/
V
y
V
2/
s/
For exclusions see headnote on page 90.
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 beginFigures for selected dates are as follows:
ning October 1961.
end 1961, $^6.3 million; end 1962, U^ ^ million; end 1963, $30.1
million; end March 1966, $317.2 miixxoi:.
Includes claims previously held but first reported as of May 31, 1963;
as of that date such claims amounted to $35.6 million.
Also 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.
Short-terra liabilities include a net increase of $50.8 million arising from changes in reporting coverage, distributed as follows:
"Official institutions" -$4..0 million, "Foreign banks" +$60.3 million,
2/
11/
12/
"Other foreigners" +$22.5 million, and "Payable in foreign currencies"
-$27.9 million.
Data on claims below the line differ from claims above the line because of the exclusion as of December 31, 1964 of $58.1 million of
short-term U.S. Government claims previously included; and because
of the addition of $545.9 million of short-term claims and $313.3
million of long-term claims arising from the inclusion of claims previously held but first reported as of December 31, 1964, and from
revisions of preliminary figures.
See footnote 11.
Data on claims below the line differ from claims above the line because of the addition of short-term claims held in custody for
domestic customers but reported by banks for the first time beginning
December 31, 1965, and short-term claims reported by banks reporting
for the first time.
Short-terra liabilities exclude $776.3 million letter of credit issued
by the U.S. Treasury Department to the International Monetary Fund
in payment of the dollar portion of the U.S. quota increase which
became effective on February 23, 1966.
Preliminary.
Revised.
1
5
7
1
7
5
May 1966
93
CAPITAL MOVmENTS
Section I - Summary by Periods
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners!/
(In millions of dollars; negative figures Indicate a net outflow of capital from the United States)
U.S. Government bonds and notes 2/
Corporate and other
Net purchases
Calendar year or month
Purchases
Foreign countries
Sales
Total
Official
414.5
344.8
282.4
430.0
1,236.4
673.6
533.7
646.0
800.9
1,341.1
883.4
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
666.1
1,223.9
1,216.9
1,729.6
1,743.7
1,779.9
1,867.1
1,149.4
1,077.2
1961
1962
1963
1964
1965
1
966-January -March p
1965-March
April
May
June
July
August
September
October
November
December
1
V
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
529.0
-135.0
1,153.0
188.4
369.6
-181.2
21.3
77.2
168.1
181.8
27.6
-16.7
64.7
-.7
18.3
240.6
15.3
38.0
12.5
168.8
167.5
7.4
92.3
13.9
62,3
296.6
13.6
18.8
153.8
15.8
27.6
271.7
70.3
1
,437.1
-2&9.7
-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
14.3
20.2
3.3
5.9
-4i.O
-55.9
74.5
7.5
87.0
117.9
-19.3
9.6
14.7
68.3
-32.7
70.0
2/
2/
y
y
120.0
200.1
212.8
289.7
324.7
287.1
310.2
361.4
368.8
2/
1/
y
y
108.3
y
y
y
y
-.6
Purchases
Net
purchases
Sales
367.6
432.1
226. T
369.7
354.1
376.7
666.9
739.8
650.2
141.6
188.5
197.4
283.6
296.0
251.8
258.9
344.0
296.2
392.3
416.
359.0
246.4
284.4
636.7
-21.6
11.7
15.3
-99.2
-51.3
9.3
176.3
38.3
2,260.2
2,724.0
3,?76.2
589.1
1,115.1
375.3
664.0
619.
649.2
533.9
36.0
95.1
-521.4
301.8
-315.2
-151.2
3,632.1
-4.6
20.0
-196.5
277.7
157.1
120.5
1,260.3
1,310.0
-16.9
64.7
.2
22.6
44.8
14.1
14.1
.3
49.4
23.9
24.3
220.0
345.5
313.0
318.
343.0
300.7
310.5
357.7
67.5
-171.6
-15.8
-7.8
10.7
-.7
7.3
130.5
354.8
269.4
277.1
278.1
204.9
217.9
319.2
404.2
364.5
445.6
41.2
52.2
63.7
22.3
22.4
75.8
407.6
414.5
438.7
-15.1
1.4
.2
72.0
68.8
68.4
48.3
38.8
16.6
46.0
30.3
61.6
198.0
5.6
18.6
-9.8
-136.4
-50.3
63.5
74.6
139.6
.2
-1.9
20.0
14.2
5.8
-33.1
.1
-11.0
-8.1
-4.7
-43.1
-4.6
-4.2
.2
-4.0
.1
^
54.6
24.3
35.3
31.0
53.7
6.1
28.7
35.3
51.3
17.3
72.6
50.1
U.I
1,561.2
1,619.5
1,306.4
1,397.3
2,224.4
1,976.5
3, 06-;. 3
-64.5
-150.6
-144.3
-21.2
2.9
120.3
514.1
-58.7
-19.6
For exclusions see headnote on page 90.
Through 1949, includes transactions in corporate bonds.
2/
Net
purchases
Purchases
442.4
316.9
307.7
255.7
460.7
675.0
-169.1
273.0
I64.9
224.5
532.2
1.6
-3.3
-117.8
-54.5
International
and
regional
980.2
1,433.7
1,363.5
1,163.8
1,453.6
1,861.5
1,774.8
2,744.6
2,149.1
2,526.5
3,425.3
4,131.4
-52.1
36.3
688.9
126.6
512.2
-728.0
670.9
-337.7
-75.8
100.7
19.7
966-January
February p
March p
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
Other
Bonds 2/
1.0
55.2
135.0
127.5
256.0
li.2.6
-56.3
362.9
201.7
322.7
111.1
197.5
-349.1
-49^.3
Net
purchases
of
domestic
securities
-334.2
-89.1
-192.2
75.
944.
-584.
314.'
-11.
149.
685.
156.
141.8
-2.7
1,124.4
378.4
735.7
-668.2
877.8
-510.5
-536.8
-109.
9.3
-48.5
-41.6
-64.9
-95.3
-^2.5
-38.5
-5.6
-35.2
-93.9
409.7
399.7
539.5
12.6
-20.4
-41.3
395.1
434.9
480.
1
=
.2
61.0
1.9
-222.2
-91.5
-91 .9
-21.9
-50.2
-83.3
38.2
26.1
-115.8
-20.0
Through 1949, included with transactions in U.S. Government tonds and
*
notes.
Less than $50,000.
p Preliminary.
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Foreign bonds
Foreign stocks
Calendar year or month
Purchases
1946
Sales
490.4
634.3
291.4
Net
purchases
265.5
24.5
-79.8
9.8
-121.0
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026.1
-512.0
-562 .
-460.4
755.9
658.7
211.6
321.2
589.2
500.4
495.3
542.5
792.4
693.3
606.5
699.0
889.0
945.6
882.9
801.9
1,093.3
990.5
914.8
1,198.1
1,262.4
2,037.3
2,086.0
1,843.1
2,434.1
1966- January -March p
396.5
846.3
1965-March
April
May
June
July
August
September
October
November. ......
December
48.0
89.2
128.6
98.6
72.2
47.7
289.2
100.9
124.5
93.9
182.4
207.2
175.0
253.0
144.9
96.7
418.9
216.5
207.0
134.4
1966-January
February p
March p
70.7
82.6
243.2
307.9
186.0
352.4
-237.2
1-947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
p
Preliminary.
311.5
710.2
801.0
677.4
621.5
841.3
509.4
991.5
1,392.0
1,915.1
1,457.6
1,U5.0
Purchases
65.2
57.1
81.7
88.8
173.8
272.3
293.9
310.1
393.3
663.6
749.2
592.8
467.2
Sales
65.6
42.6
96.7
70.8
198.2
348.7
329.6
303.4
1.9
640.4
15.1
126.0
188.0
197.2
170.0
136.5
118.0
364.3
168.2
18.0
12.6
193.1
177.3
140.5
472.7
267.3
258.5
205.5
7.4
-4.6
-.9
143.3
153.4
343.7
261.4
453.7
78.0
92.5
69.9
71.4
64.3
70.2
-103.4
-109.2
72.6
70.9
100.4
388.2
382.3
908.4
1,149.7
1,007.0
924.9
1,486.1
1,387.3
1,866.8
2,014.0
2,718.8
22.6
23.3
18.3
35.0
243.9
75.1
772.7
556.1
6':'6.8
55.3
69.2
51.6
-4A9.8
-134.4
-118.0
-46.4
-159.4
-72.7
-49.0
-129.7
-115.7
-82.5
-40.5
67.3
68.5
83.4
410.1
763.0
sales
241.9
-1,236.1
-9U.0
821.2
715.9
293.3
Total
51.2
200.3
239.5
6U.9
595.7
702.0
695.6
748.4
906.2
-1,095.4
-928.3
-.4
14.6
-15.0
18.0
-24.4
-76.4
-35.8
6.8
-251.6
-214.3
-126.1
Total
purchases
789.1
852.7
1,185.8
1,356.9
1,355.7
1,291.8
1,356.2
1,511.7
1,392.0
1,397.6
1,795.3
1,686.1
1,663.2
2,104.2
877.9
875.2
621.9
803.7
803.8
591.7
965.6
805.9
644.3
548.2
616.6
566.1
509.1
Net
purchases
36.4
40.2
43.8
53.8
52.3
50.5
70.8
65.1
75.5
101.3
-29.1
-336.4
-237.7
-82.6
-370.0
-103.9
24.1
26.4
21.3
Net purchases
of foreign
securities
265.1
39.0
-94.8
27.8
-145.4
-377.0
-217.9
-72.2
-300.4
-30.4
2,26-'.
-511.1
-722.1
-1,362.5
-749.7
2,036.7
2,228.0
2,843.2
2,730.3
2,391.3
3,050.7
-644.7
-830.4
-1,047.9
-1,044.2
-728.1
-946.5
3.2
-447.9
237.7
270.2
227.8
294.4
-111.7
-82.2
-30.6
-124.4
-48.6
-22.6
-108.4
-99.2
-65.4
-28.2
1.
185.1
373.1
-229.8
-108.0
-110.1
Treasury Bulletin
94
CAPITAL MOVMENTS
Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners!/
{Position at end of period in millions of dollars)
Calendar year
196b
1965
Country
1962
1963
196i 2/
1965
365.5
419.9
160.7
99.3
1,478.3
3,040.7
188.4
802.5
360.1
132.9
191.4
205.0
409.1
905.6
20.6
1,483.2
15.9
465.2
1.8
23.7
323.3
436.2
336.1
127.1
1,663.1
2,009.7
170.5
1,622.3
31.7
357.8
2.5
18.7
250.4
397.7
304.9
107.7
997.1
1,428.9
150.6
1,620.2
339.2
322.5
321.9
183.3
646.9
1,368.7
34.2
2,713.5
36.3
369.0
4.3
30.0
10,161.7
10,769.8
12,236.1
2/ 11,627.2
3,348.9
2,987.7
2,983.9
209.6
204.1
135.3
148.3
14.7
531.1
98.2
105.1
101.1
405.0
264.7
122.8
97.4
10.5
375.5
179.2
143.4
169.3
10.9
668.8
128.7
158.2
113.5
590.7
354.7
135.9
93.3
15.4
Europe;
Austria
Belgium
,
Deninark
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 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
329.1
177.4
67.0
73.2
1,156.6
2,729.9
118.9
1,383.8
2i8.2
12i.7
160.6
177.2
490.5
907.5
25.2
1,608.6
10.5
351.7 2,'
2.6
18.5 2/
i/
i/
6/
i/6/
2,448.0
3,137.4
35.7
65.3
41.4
34.9
66.0
50.8
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
47.8
111.9
2,483.8
112.6
208.6
149.2
382.1
352.9
28.
81.
2,195.
135.
174.
75.
332.
278.6
Total Asia
4,000.6'
3,44A.l
Africa;
Congo
( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
35.2
67.9
41.5
13.9
160.5 7/
25.7
48.8
40.9
13.8
111.7
Total Africa
319.0 7/
241.0
147.1
5.2 7/
180.2
13.4
152.3 7/
193.5
Other countries;
Australia
All other
Total other countries
V
International and regional;
International^. ,
European regional
Latin American regional
,
Total international and regional,^.
Grand totaJ|8/.
4,937.9
33.9
172.8
4,501.4
17.9
117.7
5,144.5
4,637.1
25,018.6
25,967.1
367.5
183.5
257.4
394.4
643.8
1,370.3
35.8
1,884.4
October
November
December
January
February p
March p
A
May 1966
95
CAPITAL MOVEMENTS,
Section II • Summary by Countriefi
Table 2.- Short-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars)
Calendar year
Country
1963
1964 2/
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
7.9
25.5
13.3
52.2
69.5
121.2
9.1
96.8
33.
40.3
U.2
25.5
30.1
70.0
48.0
236.8
6.6
22.9
,^
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
Asia;
China Mainland
19.0
39.6
47.1
97.4
36.4
318.8
14.8
20.2
«
Total Europe
Canada
10.5
41.8
27.5
85.2
79.0
159.3
9.3
108.9
39.1
42.5
15.7
20.3
939.1
1,216.7
637.8
724.6
188.0
162.5
187.5
207.5
209.9
145.4
187.9
319.3
17.5
i65.1
3i.6
99.5
64.6
113.7
13/i.5
a. 8
16.9
630.5
41.0
101.9
76.5
165.4
222.1
8.8
15.8
57.7
17.8
19.7
1,741.6
2,211.8
1.7
11.0
17.3
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
22.3
2,171.4
25.0
113.2
3.0
52.3
70.9
1.6
26.4
21.7
6.8
43.9
2,652.8
21.1
202.3
8.6
63.9
88.0
Total Asia
2,493.3
3,137.0
Hong Kong
India
Indonesia
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)..
Other Africa
.3
.7
.6
1.3
15.4
28.0
58.7
2.0
19.3
42.3
55.9
Total Africa
104.2
120.2
Other countries;
Australia
All other
48.4
9.3
Total other countries
International and regional
Grand total
57.7
1.3
5,974.9
a/
Treasury Bulletin
96
.
CAPITAL MOVEMENTS
,
Section II - Summary by Countrlee
Table 3.- Long-Term Banking Claims on Foreigners
May 1966
97
CAPITAL MOVEMENTS
.
Section II - Summary by Countries
Table 4.- Net Transactions in U. S . Government Bonds and Notes by Foreigners
i/
(In thousands of dollars; negative figures inHicate net sales by foreigners or a net outflow of capital from the United States)
Treasury Bulletin
98
CAPITAL MOVQffiNTS
,
Section II - Summary by Countries
5.Table
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)
lofc
Calendar year
Country
1963
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe,
H.S.S.R
Other Eastern Europe.
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
Asia:
China Mainland
23
-1,793
-409
-3
585
2,654
-19
-927
-1,545
14,804
-110
-334
-1,128
11,258
-6
9,507
732
33,345
-51,845
217
687
-70
81
19
1
1,284
20
-148
179
93 1/
1/
1,786
1,153 1/
5,302
-2
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
4,905
Total Asia
6,143
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..
Total international and regional.
Grand total
233
17
104
-18
904
2/
-19
-2
2/
2/
1964
1965
1966
through
March p
October
November
1966
December
January
February p
May 1966
99
CAPITAL MOVBdENTS
,
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)
100
Treasury Bulletin
.
CAPITAL MOVEMENTS
,
Section II - Summary by CJountrlep
Table 7.- Net Transactions In Long-Term Foreign Bonds by Foreigners
(In thousands of dollars; negati
May 1966
101
,
Table 8.
CAPITAL MOVIMENTS
,
Section II - Summary by Ckiuntries
Transactions In Foreign Stocks by Foreigners
- Net
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of canital from the United States)
Calendar year
Country
1963
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
For tugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Ea stern Eur op e,,,
108
2,47i
-251
28,i,0i,
,
-1
,
1/
,381
Canada
130,041
-1
,
48
492
244
,
,
American Republics, •.
Bermuda
Antilles and Surinam
America,
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;
Australia
All other
Total other countries
International and regional;
International
European regional
Latin American regional
Total international and regional
Grand total
123
3
Total Europe
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
6,881
-202
4,604
-4,340
487
40
-1,918
405
-10,316
-86
25,012
-1,857
-62
187
-326
88
113 2/
2/
722
555 2/
203
504
-1,510
15
-4,030
-68,958
202
-367
-210
-27
-512
-74,893
17
1/
1,217
124
3/
y
Treasury Bulletin
102
CAPITAL MOVEMENTS
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 1966
Treasury Bulletin
104
CAPITAL MOVMENTS
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of March 31, 1966
i/
(Position in thousands of dollars)
Short-term claims payable in foreign currencies
Short-term claims payable in dollars
Loans to:
Total
shortterm
claims
Country
Foreign
banks and
official
institutions
Total
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
«.
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
n.s.s.R
other Eastern Europe.
.
Total Europe.
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Surinam,
Other Latin
American Republics.
Bermuda
Antilles and
America
Total Latin America,
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
10 739
47 ,334
37 ,978
90 ,930
84 ,261
185 ,489
12 ,645
101 817
44 ,403
50 ,041
31 ,159
48 ,218
50 ,974
77',651
20 ,542
198 ,603
24 ,688
27 ,044
4 ,278
30 ,506
9,825
43,032
35,752
90,736
75,835
141,317
12,531
90,939
33,703
48,824
31,007
47,261
47,885
62,308
5,394
8,410
4,625
11,482
17,918
34,964
1,567
35,692
11,116
12,498
15,827
8,692
9,361
15,809
20, 502
18, 583
115,231
24,686
26,488
4,262
30,106
36,521
21,067
1,901
4,150
9,910
1,179,300
992,230
285,487
646,959
484,220
20,861
220,980
97,279
173,459
224,987
16,433
717,965
63,092
168,068
44,449
171,022
217,460
45,200
220,954
97,195
173,365
224,468
16,406
689,669
62,991
168,040
44,447
166,010
217,357
44,557
24,760
23,747
27,998
30,306
292,344
26,213
39,823
11,198
26,282
40,356
11,977
13,163
27,046
13,156
26,955
337
2,028
2,200,603
2,165,570
557,369
739
727
13,810
18,849
180
41,206
550,483
10,039
127,762
Korea
Philippines
Taiwan
Thailand
Other Asia
744
28 ,586
28 ,085
1 ,694
91 ,418
2,776 ,567
24 ,264
206 ,261
14 912
72 ,323
115 ,381
27,801
1,692
91,417
2,733,420
24,264
205,326
14,912
72,287
114,550
Total Asia.
3,360,235
3,314,912
822,700
545
2,650
34,851
41,616
55,472
520
2,650
33,440
41,285
54,724
109
1,171
12,445
23,751
17,386
Total Africa.,
135,134
132,619
Other countries:
Australia
All other
58,739
7,323
47,291
7,029
Total other countries,...
66,062
54,320
International and regional:
International
European regional
Latin American regional .
5
5
871
871
Africa;
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total international and
regional
Grand total
28, 504
876
876
7,589,169
7,14^,747
5,025
18,471
36,148
54
Other
Collections
outstanding
for own
account and
domestic
customers
Acceptances
made for
accoxiTit
of
foreigners
Other
Total
Deposits of
reporting
banks and
domestic
customers
with
foreigners
Foreign
government
obligations
and commercial and
finance
paper
.
May 1966
105
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 3.- Long-Term Banking Liabilities to and Claims on Foreigners as of March 31, 1966
{Position in thousands of dollars)
Long-term claims payable in dollars
Coxintry
Europe ;
Austria
Belgium
Denmark
Finland
France
Total
long-term
liabilities
Total Europe
46, 192
207,279
88,487
272,226
5,298
206,056
76,312
64,773
90,839
32,756
1,860
71,318
4,408
10,081
4,702
4,702
3,023
1,503,702
1,503,702
1,450,485
53,217
329,893
328, 0b2
284,967
43,095
1,831
57,087
127,473
46,823
84,996
594
477,141
75,345
101,702
43,704
75,873
116,399
33,931
15,320
2,162
33,747
78,651
44,997
82,775
23,340
48,822
1,826
2,221
50
427,460
75,217
97,696
43,676
73,789
114,708
33,601
15,320
2,138
49,681
128
4,006
28
2,084
1,691
330
15
57,137
127,473
46,823
85,209
594
480,643
75,345
101,702
43,704
76,142
116,399
33,931
15,320
2,162
148,447
1,262,584
1,258,550
1,123,775
134,775
3,458
36,164
3,458
34,679
1,485
30,505
409,795
2,649
231,696
4,318
10,294
65,637
1,310
23,785
1,199
21,172
3,607
5,635
31,815
433,580
3,848
252,868
4,405
10,330
66,420
3,458
36,164
14
31,815
433,580
3,848
252,868
4,405
10,330
66,420
17,353
842,902
842,902
793,045
49,857
500
4,257
68
41,903
2,039
145,061
4,257
68
41,903
2,039
145,061
41,903
1,830
139,039
209
6,022
500
193,328
193,328
187,097
6,231
4,000
224,467
30,152
224,467
30,152
223,133
30,152
1,334
4,000
254,619
254,619
253,285
1,334
643
4,000
1,953
2,795
77
58,876
74,928
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.
Asia
Other
68,754
96,288
41,203
69,062
54,267
207,825
88,720
280,971
6,578
208,056
78,812
68,904
92,738
33,922
1,880
85,503
4,877
10,640
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
claims
payable in
foreign
currencies
68,754
96,288
41,203
69,062
54,267
207,825
88,720
280,971
6,578
208,056
78,812
68,904
92,738
33,922
1,880
85,503
4,877
10,640
6,227
1,000
GeriDany
Total
long-term
claims
50,000
24,352
1
404
46,550
200
26,925
68,713
90,788
41,182
68,894
41
5,500
21
168
8,075
546
233
8,745
1,280
2,000
2,500
4,131
1,899
1,166
20
14,185
469
559
1,679
213
594
3,502
269
24
4,034
;
China Mainland
Hong Kong
India.
Indonesia.
Israel
Japan
Korea
Philippines.
Taiwan
Thailand....
Other Asia,
Total Asia.
Africa;
Congo (Leopoldvllle)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa
Other cotintrles;
Australia
All other
Total other countries.
International and regional ;
International
European regional
Latin American regional...
Total international and regional.
Grand total
14
.
2,107
1,974
4,030
14
87
36
783
4,257
68
189,500
92,000
643
643
281,500
643
643
643
526,728
4,387,671
4,381,806
4,093,297
288,509
5,865
Treasury Bulletin
106
CAPITAL MOVMENTS
,
Section III - Preliminary Details by Countries
Table 4.- Purchases and Sales of Long-Term Securities by Foreigners During March 19661/
.
May 1966
107
CAPITAL MOVHyffiNTS
Section IV - Supplementary Data by Countries
Table 1.- Short-Term Liabilities to Foreigners Reported by Nonbanklng Concerns
(Position at end of period in thousands of dollars)
1963
IQA/^
1965
Country
December
June
2^-
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
2,799
1,295
33,i09
33,999
1,723
25,190
i5,833
2,687
786
6,532
8,647
2i,926
1,589
100,204
3,672
3,263
S. S. R
Other Eastern Europe
188
315
U.
Total Europe
1,638
26,
2,292
19,139
1,322
U9
1
,082
31,334
32,167
2,416
26,353
43,485
2,120
1,032
6,889
6,934
19,935
4,342
110,036
6,051
898
182
901
325,144
318,910
Canada
72,286
67,588
Latin America :
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuala
Other Latin American Republics..
Bahamas and Bermuda
Netherlands Antilles and Surinam
Other Latin America
7,171
13,134
3,237
6,630
202
7,828
20,149
5,383
683
22,120
12,697
1,350
5,686
3,645
6,105
13,487
3,355
5,816
200
10,515
29,027
109,915
117,645
1,469
2,412
13,829
2,570
1,454
23,685
75s
4,981
1,768
2,377
14,036
3,179
Total Latin America
5,281
1,484
20,112
9,569
1,968
6,057
4,669
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
2,341
23,412
669
4,826
723
722
1,739
Other Asia
18,051
805
21,909
Total Asia
71 ,671
76,044
669
1,046
304
8,954
4,053
6,255
Ttialland
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)....
Other Africa
322
10,484
5,506
Total Africa
25,095
Other countries:
Australia
All other
16,712
5,424
Total other countries
International and regional ;
International
European regional
Latin American regional
Total international and regional
Grand total
8,114
20
22,136
134
24
158
626,405
y
2j'
September
December 2/
March
September
December p
Treasury Bulletin
108
CAPITAL MOVMENTS
Table 2.
Section IV - Supplementary Data by Countries
Short-Term Claims on Foreigners Reported by Nonbanklng Concerns
May 1966
110
May 1966
111
CAPITAL MOVBffiNTS
,
Section IV - Supplementary Data by Countries
Table 5.- Long-Term Claims on Foreigners Reported by Nonbanklng Concerns
t
Position at end of period in thousands of dollars)
1963
1964
Country
December 1/
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
293
2,036
7,i31
1 ,382
21 ,113
2,868
8,241
10,267
17
2,111
336
3,535
411
13,615
7,345
15,513
1,066
623
10
205
3,923
Total Europe
Canada
56,115
Latin America:
Argentina
Brazil
Chile
Colombia
94,097
61 ,40s
8,741
2,934
Cuba
Mexico
Panama
Peru
Druguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
6,648
69,361
5,114
6,784
1,525
6,632
American Republics ..
Bermuda
Antilles and Surinam.
America
Total Latin America
11 ,206
8,563
1,057
505
284,575
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa:
Congo { Leopoldville)
Morocco
,
60
4,129
4,392
17,086
90,314
54
48,167
4,983
1,140
12,941
183,266
1
4
4,451
South Africa
United Arab Republic (Egypt)
Other Africa
5,637
85,796
Total Africa
95
Other countries:
Australia
All other
Total other countries
International and regional
Grand total
March
June 2/
September
September
DecemVer
Treasury Bulletin
112
CAPITAL MOVMENTS
,
Section IV - Supplementary Data by Countries
Table 6.- Foreign Credit and Debit Balances In Brokerage Accounts
(Position at end of period in thousands of dollars)
.
May 1966
113
CAPITAL MOVMENTS
Table 7.
-
,
Section IV - Supplementary Data by Countrlec
Short-Term Banking Liabilities to Foreigners In Countries and Areas
Not Regularly Reported Separately
(Position at end of period in thousands of dollars)
December
Country
1961
1963
19.:,
19 6i
April
1965
Decembe
l'-:'65
"Other Western Europe"
Cjrprus
657
l,2i2
Gibraltar
Iceland
Ireland, Republic of.
Luxembourg
Monaco
"
Other Eastern Europe "
Albania
Bulgaria
Czechoslovakia 1/
Estonia
Hungary
Latvia
Lithuania
Poland 1/
Rumania 1/
Soviet Zone of Germany
"Other Latin American Republics "
Bolivia 1/
Costa Rica
Dominican Republic 1/
Ecuador
Guatemala 1/
Haiti
Honduras
Jamaica
Nicaragua
Paraguay
El Salvador 1/
Trinidad and Tobago
"Other Latin America"
British West Indies
French West Indies and French Guiana.
"Other Asia"
Aden and South Arabia
Afghanistan
Bahrain
Burma
Cambodia
Ceylon
Goa
Iran 1/
Iraq
Jordan
Kuwait
Laos
Lebanon
Malaysia
Nepal
Pakistan
Hyukyu Islands (including Okinawa)...
Saudi Arabia
Singapore
Syria
Viet- Nam
"Other Africa"
Algeria
Ethiopia (including Eritrea).
French Somaliland
Ghana
Guinea
Ivory Coast
Kenya
Liberia
Libya
Malagasy Republic
Mauritania
Mozambique
Nigeria
"Portuguese West Africa"
Somali Republic
Southern Rhodesia 2/ ••'••'•••
Sudan
Tunisia
•
"Other countries"
New Caledonia. .
Mew Zealand
3,240
16,111
3, ill
617
728
5,632
2,906
10,830
1,729
722
1,657
6,974
10,696
7,361
2,687
178
1,170
851
1,638
1,029
504
318
7,205
1,507
1,268
275
1,558
1,140
1,524
1,115
421
368
8,899
1,650
1,557
26,173
13,284
22,835
23,595
45,773
9,865
14,769
1,840
17,345
4,874
21,936
S/
3,
US
14,042 2/
533
2,435
3,616
574
4,501
15,297
6,470
902
31,349
20,190
1,608
27,124
4,636
52,283
7,557
981
10,065
14, 599
24,871
n.a.
2,558
7,906
504
11,061
776
1,063
1,258
389
5,173
8,697
17,384
4,110
759
1,509
7,149
6,321
20,052
3,588
302
2,195
5,808
6,213
21,119
3,653
1,419
731
1,453
1,838
356
411
13,522
1,379
2,236
180
662
1,027
1,576
1,495
432
328
9,735
1,922
1,321
409
669
1,264
1,505
1,392
312
271
11,525
2,312
1,316
403
2,498
1,982
n.a.
1,652
386
356
12,749
6,836
23,182
16,498
42,028
36,283
40,865
10,487
13,776
3,255
14,838
5,667
22,472
3,077
32,567
29,127
53,037
53,449
47,862
12,940
20,031
5,564
34,963
8,392
41,690
2,236
43,186
31,495
55,815
67,060
48,702
14,348
26,044
6,994
42,393
11,377
56,023
7,367
53,054
28,567
47,256
65,220
15,437
32,991
7,820
67,419
12,075
71,653
8,622
67,375
34,165
72,288
69,600
68,123
16,335
31,407
8,563
67,009
13,795
66,998
3,577
9,043
1,044
11,665
1,310
7,983
1,104
16,047
1,387
11,491
2,157
2,757
5,288
1,415
2,468
12,606
4,858
110
18,742
8,489
1,161
33,033
14,007
65,873
18,368
1,106
15,850
17,030
28,384
n.a.
4,894
10,057
3,563
4,995
1,397
9,865
6,931
3,101
472
23,505
19,849
2,792
46,539
3,818
76,320
24,104
2,059
17,341
21,722
61,710
4,029
2,046
32,503
1,491
2,410
98
23,422
21,601
2,715
56,363
4,978
84,194
22,167
1,954
23,056
25,566
4,463
6,348
2,546
35,893
1,694
2,723
33
n.a,
61,972
65,419
7,917
51,972
4,951
113,223
36,295
6,222
24,799
32,673
66,930
197,229
288,036
n.a.
n.a.
n.a.
2,111
12,127
7,533
19,043
3,179
19,708
1,607
17,045
758
4,068
903
22,275
1,740
6,433
853
936
2,109
22,009
14,084
1,529
33,736
1,583
5,589
395
1,367
2,574
20,011
28,921
638
2,090
45,200
389
5,127
455
1,919
1,872
17,622
26,759
1,054
66
1,608
20,283
4,629
820
3,671
2,219
540
n.a.
21,864
5,421
326
440
1,550
21,772
419
1,662
6,469
1,990
1,216
17,619
5,496
639
21,048
2,510
26,796
656
561
11
571
6,774
2,432
10,881
32
4,685
Through 1962, except as noted, data are based on reports from banks in
the Second (New York) Federal Reserve District only, and include funds
held in an account with the U.S. Treasury; subsequent data are as reported
by banks in all Federal Reserve Districts.
They represent a partial
breakdown of the amounts shown for the corresponding dates for the "Other"
categories in the regular monthly series in the "Treasury Bulletin."
Note:
243
1,360
n.a.
1,407
3,967
574
906
5,491
23
1,361
17,311
2,450
840
4,374
2,492
975
2,505
15,726
4,432
503
3,367
2,232
949
1,362
10,475
1,691
11,956
71,56'7
1,740
19,706
5,636
4,122
n.a.
2,682
2,401
n.a.
15,991
35,523
3,234
99,715
25,947
n.a.
19,417
n.a.
283,601
8,940
4,030
39,035
7,633
44,123
1,557
2,621
634
n.a.
1,461
17,887
34,806
913
8
1,583
n.a.
4,378
335
11,000
3,708
1,757
n.a.
18,631
Reported by banks in all Federal Reserve Districts.
Data for Trinidad and Tobago included with British West Indies.
2/ Includes data reported for Malawi (formerly Nyasaland) and Zambia
(formerly Northern Rhodesia),
n.a. Not available.
1/
2/
Treasury Balletin
lU
CAPITAL MOVaiENTS
Section IV - Supplementary Data by Countries
Table 8.- Purchases and Sales of Long-Term Securities by Foreigners During Calendar Year 1965
(In thouscmds of dollars)
Sales by foreigners
Purchases by foreigners
Foreign securities
Domestic securities
Country-
U. S.
Total
purchases Government
bonds and
notes
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.
15 ,078
121 ,160
22 ,733
5
137
3,494
990
Corporate and
other
Bonds
421
9,992
770
7
298 ,603
225 586
1,416
371
22,988
45,290
2 571
2
20
99 ,696
296 U3
95 685
21 7AA
36 i56
79 ,338
1,581 ,223
842
2,262
38,069
47
373
23,166
16,453
928
17
520,849
5,911
12,071
27,966
736
1,991
22,224
96,810
38
165,303
1,371 ,505
63i
51 ,806
873
3,143
Domestic securities
Total
sales
Bonds
U.
Government
bonos and
notes
Stocks
11,571
54,524
2,189
258
221,182
88,902
2,493
56,194
136,332
5,270
19,847
21,729
7,645
3,001
32,360
15,925
725
35,399
54,450
34
17,618
36,573
22
3,448
1,232-, 589
33,301
25,918
24,043
673
8,848
20,457
176,008
639
546,827
86,724
3
500
131
36,431
10,132
1,227
17
16,566
111,379
35,638
26,962
279,026
135,772
3,491
90,462
213,018
127,321
32,871
37,217
124,497
534,383
1,317
80
24,147
355
119,830
337
441
3,515
5,846
59,363
217
51,802
[1,793,078
11
4,034
33
2,342
167
26
334
1,146
86,935
25
232
38,885
6,455
381,644
1,586
86,373
Foreign securities
Corporate and
other
Stocks
Stocks
Bonds
78
1,789
4,364
14,641
67,326
2,379
101
5,895
2,625
13
1,549
12,021
4,915
130
1,069
19,017
45,615
125
238,733
1,902
223,930
78,554
3,416
63,141
147,790
6,902
11,683
24,350
11,679
,346,875
1,016
945,016
450
43,875
1,754
22,573
24,780
26,567
11,512
45,312
93
19,180
81
261
35,347
9,114
22,779
22,430
28,116
20,677
9,129
54,701
90,861
164
130,483
500
39,720
17
2,659
29,631
453
356
2,437
215
44,577
12
47,202
636
787
177
51
19
R
Other Eastern Europe.
Total Europe
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Feru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
1 ,209
494
A, 323, 358
608,870
415,681
2,011,930
333,267
202,399
27,732
15,475
10,322
12,325
420
73,842
56,338
9,959
147
54
69
317
200
16
1,961
3,668
134
U8
116
190
324
4,397
2,976
1,114
938
7,272
5,485
27,
American Republics...
Bermuda
Antilles and Surinam.
America
Total Latin America,
,
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
55,675
10,561
83,474
85,122
2,967
471,710
36
126,698
11,428
116
4,127
65
538
11
1
43
891
.26
10,938
4,819
324,291
25,287
9,023
189,440
405
946
74
22,783
39,803
Total Asia
115
730
840
2,406
421
123
22
631
1,281
410
7,170
1,836
1,058
1,473
1,424
924
8,069
2,138
64
33,156
14,204
8,288
9,163
897
117,027
53,611
10,094
31,154
55,585
10,730
93,546
100,624
2,061
5
83
18,254
11,535
5,502
3,011
365
39,753
43,531
9,017
25,317
34,176
7,761
37,035
31,006
1,737
28,568
540,145
7,165
22,841
324,005
31
20
58
849
105,094
304
204
25
417
149
15
22
171
2,324
2,440
12,498
105,995
Africa;
Congo tLeopoldvllle)
2,525
116
10
70
206,891
102,603
308,768
10,014
347,547
28,883
4,814
914
5,899
14,321
1,598
26,928
4,297
955
79
529
2,648,052
7,108
3,092
1,676
2,118
23,000
27
530,060
279,607
5
623
213
389,
666,597
8,771
2
666
523,024
73
325,025
18,909
11,420
5,615
9,546
378
35,511
45,820
7,837
19,431
38,626
6,777
36,808
70,226
1,864
27
1,392
652, 349
279
528,794
363
2,444,9
116,369
290
168
6,018
6,341
115
1,470
538
457
57,652
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
4
3,534
16,230
16,650
354
12,147
489
1,000
12,000
30,861
311
10
1,725
111,323
11,348
375
97,604
74,222
118
17,523
3,300
5,549
107,559
82,436
18,105
429,452
2
4
61
2
3
15
72
48,347
3,363
1,001
22
92,503
64,900
1,959
40
45
22
4,852
5,792
118
1,470
2,754
1,323
8
517
14
1,501
209
2,970
12,934
2,359
49,179
14,613
1,001
5,010
41,536
23,295
3,929
170,240
223,949
8,039
70
10
13
122
2
514
594
23
71,399
23,164
195
2,703
3,772
68,157
19,359
344
195
6,475
37,516
377
9,644
3,801
303,681
19,400
626
383
6,585
16,103
302
19,337
31,132
8,819
52
1,429
4,418
25,866
4,363
3,717
29
39,951
77
52
5,847
30,229
3,746
94,563
257,568
7,827
27,803
72,479
24,455
9,812
150,462
7,827
360
537,998
19,400
30,500
220,872
293,198
100,257
24,455
9,837
158,289
360
587.898
251.372
9,644
3.801
7,488,437
1,077,155
b74,993
3,632,062
906,166
8,971,796
1,152,997
S3 6,699
4,131,357
Excludes transactions in nonmarketable U.S. Treasury bonds, foreign
currency series.
See "International Financial Statistics," Table 2.
137,787
801
23,999
1,198,061
72
15,036
2,630
710'
1,843
1,335
765
18,993
3,183
164
6,694
Total Africa
Other countries;
Australia
All other
25
3,153
113
3,047
19,338
1,390
29,616
6,278
7,931
163
27,778
330
4
59,902
11
10,003
15
143
U3
506
907
1,925
295
3,317
10,605
Grand total
162
303
660
687
4,209
8,311
13,642
459
5,681
4,142
Total International and regional.
1,317
4,235
624,825 1,102,845 365,944
1,009
74
303
International and regional;
International
European regional
Latin American regional..
62
92
144
76
127
3,638
1,846
552,254 193,109
3,132
5,485
4
522
11
524
28
964
456
2,994,080
91
365
7
318
308
784
2,596
235
15,414
26
8
42
g
238
608
1,090
226
5,719
6,719
194
15,735
Total other cotmtries.
399
800
1,054
190
4,200
1,006
^,
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Note;
S.
20
2
33
30,500
323.081
2,434.126 616.617
.
May 1966
115
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
The financial statements of corporations and other busi-
are published semiannually, for June 30 and December 31 report-
ness-type activities of the United States Government, which
ing dates, and appear as Section II and III.
have appeared in the "Treasury Bulletin" since the August 1956
these statements under Circular 966 covered the fiscal year
issue, are compiled from reports submitted to the Treasury
1956, and were published in the January 1957 Bulletin.
under Department Circular No. 966, issued January 30, 1956, and
the sections, the agencies are grouped in separate tables by
Supplement No. 1, Revised, issued June 16, 1965.
These regu-
lations were issued pursuant to the Budget and Accounting
Procedures Act of 1950.
Regulation No.
3,
They superseded Budget-Treasury
issued under Eicecutive Order No. 8512 of
type, as follows:
The first of
Within
public enterprise revolving funds, intra-
govemmental revolvliig funds, certain other activities, deposit
funds, and trust revolving funds.
aipplement No. 1, when originally Issued in 1956, extended
August 13, 194-0, as amended by Executive Order No. 9084. of
the coverage to include all executive sigencies and activities
March
not previously reporting under Circular 966, but required only
3,
1942, under which financial statements previously
published in the Bulletin were submitted.
a statement of financial condition annually as of June 30.
Department Circular No. 966 requires submission of finan-
These were activities
>4iich
were not principally of a business-
cial statements by all wholly owned and mixed-ownership Govern-
type nature.
ment corporations specifically included in the Government
counting procedures to provide complete balance-sheet type
Corporation Control Act, as amended (31 U.S.C. 846, 856); and
statements were temporarily authorized to report only assets.
Those which had not yet developed formal ac-
all other activities of the Government operating as revolving
Thus, the svqjplement rounded out provisions for information on
Other activities and agencies whose operations, serv-
properties and other assets, as well as liabilities, of the
funds.
ices, or functions are largely self-liquidating or pr imar ily
United States Government all of
of a revenue-producing nature, and activities and agencies
the compilation of conplete Government- wide financial reports.
whose operations result in the acciunulation of substantial
The first comprehensive rqjorting under the original Supplement
inventories, investments, and other recoverable assets, were
No. 1 was for June 30, 1957, and the data were published in the
vrtiich
is needed by Treasury for
brought under the regulations as the agency accounting systems
December 1957 Bulletin as Part B of Table 4 in Section
were developed to \*ere they were capable of furnishing the
revision to Supplement No. 1 in 1965 made no basic change to
I.
The
the overall purpose of the originally issued supplement; it
required financial reports.
Four kinds of financial statements are called for by
updated and consolidated all amendments to both the regulation
They are statements of financial
and instructions which had been issued after June 30, 1956.
condition, income and expense, source and application of fimds,
A summary of loans outstanding for a series of dates is
Department Circular No. 966.
and certain financial contingencies.
The statements of finan-
cial condition are published quarterly and appear as Section
in the series of tables.
I
The first statements of financial
included in Section
I
of the Bulletin presentation beginning
with the June 1958 issue.
Two classifications of the loans
are shown, one by type and one by agency.
Data prior to
condition published under Circular 966 were as of March 31,
1956 are based on the earlier reporting requirements, which
1956, and were presented in the August 1956 Bulletin.
provided for con^jlete coverage of Government lending agencies.
State-
ments of income and expense and source and application of funds
Treasury Bulletin
116
.CORPORATIONS AMD CERTAIN OTEER BUSINESS-TYFE ACTIVITIES.
Section II
Income and Expense for the Six Months Ended December 31, 1965
Table 1.- Summary by Specified Classes of Activities
-
(in thousands of dollars)
Account
May 1966
Treasury Bulletin
118
.COKPORfOrLOHS ARD CERTAIN OTHER BOSIKESS-TYPE ACTIVITIES.
Section II - Income and Expense for the Six Months Ended December 31, 1965
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
May 1966
119
-CORPORATIONS ASD CERTAIH OTHER BDSHIESS-TYPE ACTIVITIES.
Section II - I ncone and Expense for the Six Months Ended December
31, 1965
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Bulletin
120
.CORPORATIONS AMD CEHTAIH OTHKR BU5IKESS-TYEE ACTIVITIES.
Section
II - Income and Expense for the Six Months Ended December 31, 1965
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Defense Department 0/ ~ (Continued)
Air Force
Department
Army
Department
Health, Education, and Welfare Department
Navy
Department
Account
Public Health
Adrainistratior Service
Food and Drug
Revolving fund
for certification and other
services
Defense production guaranties
Operation of
commissaries,
narcotic
hospitals
Social Security
Administration
Bureau of
Federal Credit
Unions
Housing and
Urban Development Dept. 2/
Office of the
Secretary
College housing
loans
INCOME AMD EXPENSE
[ncome:
Sales of goods and services
Interest:
On public debt securities
Other interest income
Guaranty and insurance premiums
Other ma j or income i terns
Other income
^
1,409
66
97
70
31,651
2,575
125
Total income
26
116
26
167
1,409
117
2,575
31,651
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
96
34
U
,
,
1,039
10
U
2,543
1,232
30,197
(-):
-1
-19
(-), before change in
111
valuation allowances
[ncrease (-)
for losses:
34
9
2,524
on sale of fixed assets
on sale of other assets
,
1
10
Total other gains, or losses (-)
tet income, or loss
24
10
29,124
15
Hher gains, or losses
Charge-off s
Gain, or loss (-)
Gain, or loss (-)
Other
83
114
998
154
177
1,454
or decrease, in allowances
Allowance for losses
Allowance for losses
or collateral
Allowance for losses
Allowance for losses
Other
on loans
on acquired security
-129
on fixed assets
on inventories
Net increase (-) , or decrease, in
allowances for losses
-129
tet income, or loss (-) , for the period
jharges (-) , or credits, applicable to
15i
177
154
177
32
1,325
prior years
(-) , transferred to
accumulated net income, or deficit (-)
^et income, or loss
1,325
CHANGES IN ACCUMULATED NET INCOME OR DEFICIT
3alance at end of previous fiscal year,...
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
14,803
111
5,378
-4
11,965
154
1,328
52
1,574
177
-2
32
3,153
1,325
3alance at end of reporting period
14,913
5,374
12,119
1,505
51
1,606
4,479
footnotes at end of Section III.
(Continued on following page)
May 1966
121
_CORPORATIOHS AHD CERTAIH OTHER BUSIRESS-TYPE ACTIVITIES.
Section II - Income and Expense for the Six Months Ended December
31, 1965
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Bulletin
122
.CORPORATIONS AHD CKHTAIN OTHER BDSIMESS-TrPE ACTIVITIES.
Section
II - Income and Expense for the Six Months Ended December 31, 1965
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
May 1966
123
.COKPORATIONS AND CERTAIN OTHER BOSIHESS-TYPE ACTIVITIES.
Section II - Income and Expense for the Six Months
Ended December 31
Table 2.- Public Enterprise Revolving Funds (Continued)
(In thousaoda of dollars)
,
1965
Treasury Bulletin
124
.COKPOEATIOHS AHD CEHTAIU OTHER BUSIHESS-TTPE ACTIVITIES.
Section
II - Income and Expense for the Six Months Ended December 31, 1965
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
May 1966
125
.CORPORATIONS AND CERTAIN OTHER BUSXRESS-TTPE ACTIVITIES.
Section II - Income and Expense for the Six Months Ended December
31, 1965
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Bulletin
126
.COBPORATIOHS AHD CERDAIH OTHER BUSUIESS-TYFE ACTiVil'lKS.
Section II - Income and Expense for the Six Months Ended December 31, 1965
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
May 1966
127
.CORPORATIOHS AKD CERTAIN OTHER BUSINESS-TYPE AJTiViTifcB.
Section
II - Income and Expense for the Six Months Ended December 31, 1965
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Export-Import Bank
of Washington
Regular
lending
activities
Liquidation of
:ertain Reconstruction
Finance Corporation assets
Farm Credit Ad
ministration 18/
Revolving
fund for
administrative
expenses
Federal Home Loan
Bank Board 12/
Revolving
fund
Federal Savings and Loan
Insurance
Corporation
Panama
Canal
Company
Saint
Lawrence
Seaway
Development
Corporation
INCOME AND EXPENSE
Income:
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
65,
88,635
i,33i
2i,507
105
43,i39
87,076
1,559
Total income.
7U
l,5i2
7,887
1,890
375
26
l,5-!,2
7,887
69,9a
66,089
i,360
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-procesa
Finished goods
Other operating expenses
Depreciation
Adioinistrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S.
Treasury
Other
Other major expense items
Miscellaneous expense
8,900
18
1,883
6,121
2,4i8
3i
2
112
1,507
U,950
1,507
7,998
17,512
Other gains, or losses (-):
Charge-off s
Gain, or loss (-)
Gain, or loss (-)
Other
,
,
on sale of fixed assets
on sale of other assets
,
58,683
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
4,200
-9-i9
-9i9
-53
51,i80
i,A31
160
35,0^7
UOl
160
35,OA7
^,Oi
160
337
-111
l,i87,219
35,047
135, OS
-19,195
160
226
l,537,ia
139,869
-19,035
before change in
valuation allowances
35
-111
-16,
az
,
-21
Net increase (-) , or decrease, in
allowances for losses
Net income, or loss (-) , for the period....
Charges (-) , or credits, applicable to
prior years
-l&,i33
58,683
1
transferred to
accumulated net income, or deficit {-)....
Net income, or loss (-)
61,605
-53
-5
-2
Total other gains, or losses (-)
Net income, or loss (-)
5,980 20/
9,538
aj
328 21/
29,9i6
668
886
201
2, 446
6,706
21,011
Total expense
26,703
3,378
6,669
,
58,683
35
993,930
58,683
35
CHAMGES 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
Hi-
-50,000
U,875
-67
1,002,613
56
(Continued on following page)
128
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TyPE ACTIVITIES.
Section
II - Income and Expense for the Six Months Ended December 31, 1965
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Accoxint
Treasury Bulletin
130
.COKPOHAnOHS AHD CERTAUr OTHKR BOSIHESS-TIPE
AUTiVi'i'IBS.
Section II - Income and Expense for the Six Months Ended December 31, 1965
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In tbousanda of dollars)
May 1966
131
-COEPOEATIONS ASD CEEJEAUT OTHER BOSIHESS-TYPE ACTIVITIES.
Section II - Income and Expense for the Six Months Ended December
31, 1965
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
Account
Treasury Bulletin
132
.COKPORATIONS
Section
MD
CERTAIN OTHEE BUSINESS -TYPE ACTIVITIES.
II - Income and Expense for the Six Months Ended December 31, 1965
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
.
May 1966
133
.COEPORATIONS AND CERTAIN OTHKR BOSIHESS-TTPE ACTIVITIES.
Section II
Income and Expense for the Six Months Ended December
31
Table 4.- Certain Other Activities
-
,
1965
(In thousands of dollars)
Agency for International
Development
Total
Account
Foreign
currency loans
Private
enterprises 26 /
U.S. dollar
and foreign
currency
loans
Agriculture Department
Farmers^
Home
Administration 27/
Rural
Electrification Administration
Commerce
Department
Maritime
Administration
Interior
Department
Bonneville
Power
Administration
INCOME AND EJtPENSE
Income:
Sales of goods and services
Interest:
On public debt securities
Other interest income
Guaranty and insurance premiums.
Other major income items
Other income
45,403
20,200 28/
579,895
631,084
3,170
41,652
4,937
86,920
3,175
41,652
77
23,586
27
5,952
2,383
40,459
2,186
2.628
3,713
22,827
4,821
87,756
4,832
104,713
8,983
5,858
,
Total expense
22,158
94,222
34,470
104,713
49,534
6,351
6,691
5,796
4,172
4,158
315,619
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 (-)
,
1,527
,
Treasury
Other
Other major expense items
Miscellaneous expense
Net income, or loss (-)
86,920
5,787
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,
4,937
6,691
26,047
46,437
-51
-416
206,280
20.637
-51
-416
-121,290
-1,002
-120,181
-121,757
-1,002
-120,181
-1
193,707
3,933
-39,951
-22,872
-5i9
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
acoumnilated net income, or deficit (-)
-147
-4,785
-203,096
-46
-2,482
-2,482
-12,038
116
-46
-14,667
179,040
-39,951
3,933
-26,674
152,366
2,145
-2,367
-22,918
-4,785
-205,462
-50
-1,401
-468
2,145
3,934
-39,951
-22,968
-6,186
-205,930
2,145
-15,444
3,934
132,585
-39,951
-348,115
-22,968
-130,136
-6,186
-3,915,098
-205,930
14,190
2,145
-371,083
-136,322
4,121,029
16,335
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. Treasiiry (-)
Other
-3,018,915r
152,366
Balance at end of reporting period.
-3,383,717
Footnotes at end of Section III.
-517,168
-11,510
V
92,633
V
(Continued on following page)
Treasury Bulletin
134
.CORPORATIONS
Section II
MD
CERTAIN OTHER BUSINESS-TTPE ACTIVITIES.
Income and Expense for the Six Months Ended December 31, 1965
Table 4.- Certain Other Activities - (Continued)
(In thousands of dollars)
May 1966
135
.COKPOEATIONS AMD CERTAIN OTHER BUSINESS-TYEE ACTIVITIES.
Section II
-
Income and Expense for the Six Months Ended December 31, 1965
Table 5.- Certain Deposit Funds
(In thousands of dollars)
Treasury Bulletin
136
.CORPORATIONS
Section II
-
MD
CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Income and Expense for the Six Months Ended December 31, 1965
Table 6.- Certain Trust Revolving Funds
(In thousands of dollars)
May 1966
137
.
Section III
COEPOEATIONS AHD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Source and Application of Funds for the Six Months Ended December 31, 1965
Table 1.- Summary by Specified Classes of Activities
(In thousands of dollars)
Account
Treasury Bulletin
138
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
Source and Application of Funds for the Six Months Ended December 31, 1965
Table 2.- Public Enterprise Revolving Funds
(In thousands of dollars)
May 1966
^^
Treasury Bulletin
uo
,
Section III
CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Source and Appll cation of Funds for the Six Months Ended December 31, 1965
Table 2.- Publ Ic Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
May 1966
r.nR
v^
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TICPE ACTIVITIES.
Section III
Source and Application of Fundp for the Six Months Ended December 31, 1965
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
:
May 1966
U3
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
Source and Appllca tlon of Funds for the Six Months Ended December 31, 1965
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Housing and Urban Development Department 2/ - (Continued)
Account
Office of
the Secretary
(Continued)
Urban mass
transportation
Interior
Department
Federal National Mortgage Association
Special
assistance
functions
Management
and
liquidating
functions
Government
mortgage
liquidation
Federal
Housing
Administration
Public
Housing
Administration
fund
Bureau of
Indian Affairs
Revolving
fund for
loans
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or improvenient
of fixed assets
Purchase of secxiritles 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
83,832
1,179
5
204
31
21,238
5.381
855
105,070
6,566
855
396,993
112,298
7,298
20,092
17,378
5.730
52
61,595
120, 541
7,298
125,162
29,675
907
100
44,794
67,373
1,231
195,000 i4/
130,000 2A/
100
239,794
197,373
25,452
4,525
18,670
188
Total funds provided by operations
333
269,772
6,965
1,231
50,641
2,37^
509.229
235.215
1.231
96,873
1,440
247, 572
6
Total realizai^ion of assets
Capital stock issued to the public
Income
Decrease in selected working capital
Net effect of operations on expenditures
(excess of funds applied, or provided (-)).
112,266
396,789
5
18
34,281
281,877
96,878
1,440
907
30,789
161,534
2,358
443
216,043
31,696
443,411
99,236
1,883
-144,610
-186, 368
-30,789
65,818
135,979
-652
81,400
63,430
81,400
63,430
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S.
Government:
Appropriations enacted
Borrowings from the U. S. Treasixry
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 fund balances.
Total funds provided by financing
135,455
135,455
135,455
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
237,000
237,000
15,605
1.417
5,711
35,639
199,945
55,741
145.118
98,423
69,141
35,639
400,804
230,062
248,290
7,500
244,500
192
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.
128.490
Total fxinds applied to financing
230,062
192
248,290
334,986
12,971
4,630
2,589
66,410
18
108,329
657
128,490
243.033
255.509
66.428
334.986
108.521
652
6,965
-144, 610
-186,368
-30,789
65,818
135,979
-652
Net effect of financing (excess of funds
applied
(-
) ,
or provided )
Footnotes at end of Section.
(continued on following page)
Treasury Bulletin
U4
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
-
Source and Appllca tlon of Funds for the Six Months Ended December 31, 1965
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
May 1966
U5
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Six Months Ended December 31, 1965
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Bulletin
146
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TTfPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Six Months Ended December 31, 1965
Table 2.- Public Enterprise Revolving Funds - (Continued
(In thousands of dollars)
s
::
May 1966
U7
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Six Months Ended
December 31, 1965
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Rental,
maintenance,
and repair
of quarters
Servicemen'
group life
Insurance
fund 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
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
Total funds applied to operations
62
17,996
62
17,996
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.
Govemmenc
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.
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.
59
2
Treasury Bulletin
148
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
Source and Application of Funds for the Six Months Ended December 31, 1965
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
May 1966
149
.
Section III
COEPORATIONS AMD CERTAIN OTHER BUSIMESS-TYPE ACTIVITIES.
Source and Application of Funds for the Six Months Ended December 31, 1965
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Bulletin
150
.
Section III
COKPOEAIIONS AKD CERTAIN OTHEE BUSIHESS-TrPE ACTIVITIES.
Source and Applicat lon of Funds for the Six Months Ended December 31, 1965
Table 3.- Intragovernmental Revolving Funds
(In thousands of dollars)
May 1966
151
.CORPORATIONS AND CERTAIN OTHER BDSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Six Months Ended
December 31, 1965
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Bulletin
152
.
Section III
-
COKPORATIONS AHD CERTAIN OTBER BUSINESS-TYPE ACTlVri'lES.
Source and Application of Funds for the Six Months Ended December 31, 1965
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
Defense Dept.
(Continued)
Navy
Department
Health, Education, and Welfare Department
Public Health Service
Service and
supply fund
Narcotic
hospitals
Working
capital fund
Industrial
fund
Office of
the Secretary
Working
capital fund
Interior
Department
,
Federal
Prison
Industries,
Office of
the Secretary
Working
capital fund
Inc.
Working
capital fund
,
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
Total funds applied to operations
18
156
15
18
156
1,237,751
6,353
328
349
2,761
785
2,846
1,237,751
6,696
367
3,702
3,009
1
11
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
1,190,658
283,536
6,360
319
Total funds provided by operations
1,.;74,194
6,360
329
-236,442
336
38
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
336
38
Total funds provided by financing
336
38
336
38
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
236.442
Total funds applied to financing
236,442
Net effect of financing (excess of funds
applied (-), or provided)
Footnotes at end of Section.
12
15
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
-236,442
Labor
Department
Office of
the Secretary
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Pure ha se construct ion or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
Justice
Department
151
i
::
.
May 1966
153
.
Section III
-
COBPORATIONS AND CEHTAIH OTHER BUSINESS-TYEE ACTIVITIES.
Source and Application of Funds for the Six Months
Ended December 31. 1965
Table 3.- Intragovernmental Revolving Funds (Continued)
(In thousands of dollars)
State
Department
Account
Working
capital
fund
Treasury Department
Bureau of
Engraving
and
Printing
General Services Administration
United States
Coast Guard
Supply
fund
Buildings
management
Yard
fund
fund
Construction
services
public
buildings
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
40
1,304
56
953
40
1,304
56
953
3,128
15.525
146
9,965
7,464
160.942
9,924
8.570
403
3,168
16,975
^,965
7.520
171.819
3,973
25
-12
120
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
120
4
3,050
744
17,945
9.975
937
7,428
3,310
162.271
Total funds provided by operations
3,914
17,949
10,912
10,738
162,284
-746
-974
-947
-3,218
<5,535
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
13
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
Decrea se in investment holdings
Decrease in selected cash and fund balances
10,239
Total funds provided by financing
10,239
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
704
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
746
974
947
3,218
Total funds applied to financing
746
974
947
3,218
704
-746
-974
-947
-3,218
9,535
Net effect of financing (excess of funds
applied (-), or provided)
704
(Continued on following page)
Treasury Bulletin
154
•
Section III
CORPORATIONS AND CERTAIN OTHEE BUSINESS -TYPE ACTIVITIES,
Source and Application of Funds for the Six Months Ended December 31, 1965
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
May 1966
155
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVTTIES.
Section III - Source and Appllca tlon of Funds for the Six Months Ended
December 31, 1965
Table 4.- Certain Other Activities
(In thousands of dollars)
Treasury Bulletin
156
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYEE ACTIVITIES.
Section III
Source and Application of Funds for the Six Months Bnded December 31, 1965
Table 4.- Certain Other Activities - (Continued)
(li^
thousands of dollars)
.
May 1966
157
•CORPORATIONS AKD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Six Months Ended December 31, 1965
Table 5.- Certain Deposit Funds
(In thousands of dollars)
Farm Credit Administration
Account
Banks
for
cooperatives
Total
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or improvement
of f ixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
5,871,256
809,977
833
401
323
34
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
5,872,411
810,412
237,436
190,662
19,221
1,885
Total funds applied to operations
6,300,509
831,518
5,500,353
686,690
Other.
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
8,499
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
5,508,852
20,695
364,728
686,690
3,137
26,099
Total funds provided by operations
5,894,275
715,926
406,234
115,592
Total increase in investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
5,462,316
3,001,835
1,235
1,138,205
Total funds provided by financing
3,465,386
1,138,205
8,498
8,498
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
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,
Treasxiry
General and special fund revenues
deposited
Other
Total decrease in Investment of the U. S.
Government
Decrease in borrowlnga from the public
Increase in investment holdings
Increase in selected cash and fund balances
8,498
5,037,891
3,007,519
5,244
Total funds applied to financing
8,059,152
Net effect of financing (excess of funds
applied (-), or provided)
Footnotes at end of Section
.
406,234
1
Treasury Bulletin
158
.
Section III
COKPORATIONS AHD CERTAIN OTBER BUSINESS-TYFE ACTIVITIES.
Source and Application of Funds for the Six Months Ended December 31, 1965
Table 6.- Certain Trust Revolving Funds
(In thousands of dollars)
May lyoo
.
159
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Footnotes to Sections II and III
1/
2/
2/
4/
5/
6/
7/
8/
^
10/
11/
12/
13/
14/
15/
16/
17/
18/
19/
statements of income and expense and of source and applicatior; of
funds are not yet included for certain activities for which statements of financial condition have been published in Section I, in
the April 1966 Bulletin.
Included beginning December 31,1965.
Represents interest expense on appropriations made to the fund,
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,
Includes operating and administrative expenses funds.
Includes interest expense of $1,875 thousand on capital stock,
Represents restoration of capital by the United States Treasury and
interest expense adjustment for unreimbursed losses as provided by
an act approved November 2, 1965 (79 Stat. 117ft).
Office of Civil Defense, civil defense procurement fund, shovm under
this heading on page 117 of the April 1966 Bulletin, did not have any
net income or expense during the first six months of the fiscal year
1966.
Formerly Housing and Home Finance Agency. This Department was established pursuant to an act approved September 9, 1965 (79 Stat. 667).
Formerly known as "Development and operation of helium properties,"
Represents interest expense on public debt borrowings from the United
States Treasury and on appropriations and other capital.
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.
Includes unreimbursed costs of $16,888 thousand performed by other
agencies.
Expenses include costs applicable to postal operations paid for by
other Government agencies for unemployment compensation 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 the 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, 1965, 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 1966.
The accumulated net income or deficit is included with the equity of
the United States Government and cannot be segregated.
The short-term credit investment fund and the banks for cooperatives
investment fund, shown londer this heading on page 12^ of the April
1966 Bulletin, did not have any income or expense during the first
six months of the fiscal year 1966.
Home Owners' Loan Corporation (liquidated), shown under this heading
on page 125 of the April 1966 Bulletin, did not have any income or
expense during the first six months of the fiscal year 1966.
20/
21/
22/
22/
2/J
25/
26/
27/
28/
22/
20/
22/
22/
22/
24/
25/
36/
37/
38/
Represents interest on the net direct investment of the United States
Government in this Corporation.
Includes $3U thousand representing guarantee and insurance claims
paid.
Represents interest on funds advanced to the Administration by appropriations.
Represents net income of $2i,138 thousand from power operations, and
net loss of $8,783 thousand from nonincome-producing programs during
the first six months of the fiscal year 1966.
Excludes unfunded costs consisting of depreciation on plants and
equipment, military personnel, and other costs as follows:
Defense
Supply Agency, $78 thousand; Air Force, $137,244 thousand; Army,
$49,792 thousand; and Navy, $60,095 thousand,
Includes contractual services and other costs.
Represents the Cooley loan program established pursuant to the Agricultural Trade Development and Assistance Act of 195A, as amended
(7 U.S.C, 1704 (c)}.
Represents other loans, salaries, and expenses.
Represents gross revenues of $44,450 thousand less $24,250 thousand
representing estimated transfers to Associated Projects.
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 1966 Bulletin. Certain other activities are included in this
Section only on a fiscal year basis at the present time.
Excludes noncash transactions amounting to $871,085 thousand representing loans exchanged for commodities.
The net effect of operations on expenditures and net effect of
financing, exclusive of foreign currency transactions, amounted to
-$31,699 thousand.
Consists of principal and interest collections deposited into the
United States Treasury.
Defense Supply Agency, defense production guaranties, shown under
this heading on page 116 of the April I966 Bulletin, did not have any
funds applied or provided during the first six months of the fiscal
year 1966.
Represents sales of participation certificates.
Liquidation of certain Reconstruction Finance Corporation assets,
shown xmder this heading on page 124 of the April 1966 Bulletin, did
not have any funds applied or provided during the first six months of
the fiscal year 1966.
Represents repayments of participation certificates.
Represents United States dollar equivalents of foreign currency
transactions.
Includes United States dollar equivalents of foreign currency transactions
Revised.
Less than $500.
.
r
*
Treasury Bulletin
160
.CTMJLATIVE TABLE OF COKTEMTS.
June 1965 through May 1966
Issue and page number
1466
l'3t.S
Oct.
Nov.
A-I
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
1
1
1
1
1
1
1
1
1
Aug.
II
II
A-1
A-1
1
1
Reporting bases.
Article:
Treasury financing operations
Summary of Federal fiscal operations.
Administrative budget receipts and expenditures:
Receipts by principal soxirces
Detail of miscellaneous receipts by major categories
Chart - Internal revenue receipts by principal sources
Expenditures 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 1965.
•
,
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
Investment of specified trust accounts in public debt securities,
by issues (latest date March 31, 1966)
Consolidated cash transactions:
Summary of Federal Government cash transactions with the public...
Intragovernmental 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
Gold assets and liabilities of the Treasury
2
3
i
5
6
7
8
10
10
10
10
10
11
11
10
10
10
10
13
11
11
11
13
12
11
12
12
U
13
12
12
14
15
13
13
14
13
13
16
U
14
15
15
14
14
12
15
16
16
16
16
17
17
18
18
19
18
16
19
17
21
22
15
16
20
21
18
23
19
19
24
20
25
21
22
23
17
18
16
17
21
22
18
19
19
20
18
19
23
24
20
21
25
22
22
21
19
23
23
23
24
21
21
22
26
26
22
22
27
23
2i
25
26
22
23
24
27
28
29
23
24
25
30
26
27
22
26
26
27
24
24
25
22
23
24
27
28
29
25
26
25
30
28
30
27
26
31
29
32
34
36
30
32
34
20
20
21
25
25
26
22
22
23
21
21
22
23
26
27
28
23
24
25
24
29
Statutory debt limitation.
Public debt oper;ations:
Maturity schedule of interest-bearing public marketable securities
other than regular weekly Treasury bills
Offerings of Treasury bills
New money financing through regular weekly Treasury bills
Offerings of public marketable securities other than regular
weekly Treasury bills
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 bills
Foreign series securities (nonmarketable) issued to official
institutions of foreign countries
Foreign currency series securities (nonmarketable) issued to
official institutions of foreign countries
12
12
12
Monetary statistics:
Money in circulation.
Debt outstanding:
Summary of Federal securities
Computed interest charge and rate on Federal securities
Interest-bearing public debt
Maturity distribution and average length 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
Apr.
Feb.
Sept.
July
21
26
27
29
31
33
27
29
31
32
34
36
28
30
32
26
28
30
31
33
35
28
30
32
27
29
31
36
34
39
39
35
40
33
38
33
43
35
40
34
39
44
39
44
38
43
42
47
41
46
43
42
47
46
45
50
49
a
HI
45
50
46
44
49
46
5i
52
57
53
51
56
53
52
57
57
59
57
62
58
56
61
58
57
62
63
)
I
May 1966
161
.CUMULATIVE TABLE OF CONTENTS.
June 1965 through May
1966
-
(Continued
Issue and page number
1965
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
Redemption? of matured and unmatured bonds
Sales and redemptions by denominations, Series E and H combined...
Sales by States, Series E and H combined
July
Aug.
1966
Sept,
Nov.
Apr.
:
61
61
59
59
62
64
60
62
Ownership of Federal securities;
Distribution by classes of investors and types of issues
Net market purchases or sales for investment accounts handled by
the Treasury
Estimated ownership
64
64
65
67
68
61
61
62
64
63
64
60
60
61
65
65
63
69
65
64
63
64
69
70
65
66
65
71
60
62
70
71
65
66
.
66
66
67
04
64
65
68
69
70
69
67
64
65
71
72
70
66
73
66
68
71
69
77
.
Average yields of long-term bonds:
Average yields of Treasury and corporate bonds by periods
Chart - Average yields of Treasury and corporate bonds
Monetary statistics:
Money in circulation
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury
Components of silver monetary stock
Exchange Stabilization Fund (latest date December 31, 1965)
Balance sheet
U.S. stabilization agreements
Income and expense
61
61
62
64
65
Treasury survey of ownership of Federal securities:
Ownership by banks, insurance companies, and others
Qwnership by commercial banks classified by membership in Federal
Reserve Sjf-stem ( latest date June 30 , 1965
Market quotations:
End-of -month closing quotations on Treasury securities by issues
Chart - Yields of Treasury securities
64
64
65
67
59
59
71
80
73
69
71
82
74
72
83
74
75
73
84
77
77
78
75
75
85
86
86
87
76
69
71
75
77
75
72
73
76
77
77
78
74
75
75
76
71
73
70
72
81
83
76
78
74
76
78
79
73
84
85
79
77
78
80
81
81
82
75
86
87
87
23
21
74
77
78
76
76
20
77
:
77
78
78
77
78
73
78
79
79
79
80
National bank reports:
Earnings, expenses, and dividends for calendar years 1960-6^
International financial statistics:
U.S. gold stock, and holdings of convertible foreign currencies
by U.S. monetary authorities
U.S.- Treasury nonroarketable notes and bonds issued to official
institutions of foreign countries
U.S. monetary gold transactions (net)
Estimated gold reserves and dollar holdings of foreign countries
and international institutions
Liabilities to foreign official institutions and international and
regional organizations
Capital movements between the United States and foreign countries;
Summary by periods beginning 194-6
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 foreigners,
latest mDnth
Purchases and sales of long-term securities by foreigners,
latest month
Short-term liabilities reported by nonbanking concerns
Short-term claims reported by nonbanking concerns
Long-term liabilities reported by nonbanking concerns
Long-term claims reported by nonbanking concerns
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 196^
and certain other business- type activities:
of financial condition (latest date December 31, 1965).
expense (latest date December 31, 1965)
application of funds (latest date December 31, 1965)..-
79
80
79
81
81
83
84
79
80
81
90
81
82
81
82
81
82
91
83
83
83
92
34
84
85
94
97
106
86
89
89
79
79
81
79
80
82
81
90
81
85
83
82
91
82
86
84
87
93
84
87
34
87
96
105
106
96
97
97
97
96
96
88
91
100
96
97
101
97
87
88
97
98
98
107
99
100
100
102
98
99
99
100
101
103
106
109
110
100
101
102
104
107
110
111
109
110
111
113
114
115
116
101
102
103
105
103
104
103
104
105
107
110
113
114
106
107
108
101
102
103
105
106
107
108
105
115
111
112
117
109
109
107
100
101
102
99
100
101
108
109
110
99
100
101
99
100
101
104
105
103
104
112
113
103
104
106
105
114
110
110
117
117
108
89
108
98
Foreign currencies acquired by the United States without purchase
with dollars:
Transactions and balances in Treasury accounts
Transactions and balances in agency accounts
Corporations
Statements
Income and
Source and
79
79
113
119
113
135
Treas.
U.S. Treasury Dept.
HJ
10
.kl
Treasury Bulletin
1966
C.2
1
@FedFRASER