Full text of Treasury Bulletin : November 1951
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JUN 9,11972
TREASURY
DEPARTMENT
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mEASURY.
MUILMFm
NOVEMBER -laSI
UNITED STRTES TREflSURV DEPRRTMENT
OFFICE DF THE SECRETRRV
Hi
November 1951
R,
J.
SCHWAwI
Table of Contents
Page
Treasury financing operations
A-1
Summeiry of Federal fiacal operations
1
Budget reoeiptB and eaqpenditures
2
Trust accounts and other traneaotione
g
Treasury cash income and outgo
12
General Fund of the Treasury
15
Debt outstanding
l6
Statutory debt limitation
21
Debt operations
22
United States savings bonds
27
Treasury savings notes
32
Ownership of Federal securities
33
Treasury survey of ownership of .Federal securities...
35
Market quotations
39
Yields of Treasury and corporate bonds
k'}
Internal revenue collections
1*5
Monetary statistics
4^9
Exchange Stabilization Fund
53
Capital movement s
55
Corporations and certain other business-tjrpe
activities
loans and balance sheets
—
6g
Cumulative table of contents
73
Note:
In those tables where figures have been rounded to a
specified unit, all calculations (including percentages) have been made from unrounded figures.
Consequently the details may not add to the totals shown.
1
Novetnber 19 1
A-l
Treasury Financing Operations
Resulte of October 15 and November 1 Refundlngs
Subscriptions to the 1-7/S percent Treasury
October 10, I95I,
oertlflcatee of Indebtedness of Series E-I952, dated
on the following day Invited tenders for $1,250 mil-
October 15, 1951. amounted to 5lO,S6l million, leaving
1333 million of the maturing Issues to be paid In
lion, or thereabouts, of 144- day Treasury bills,
Exchanges for the 1-1/4 percent notes,
Series F-1951. which matured October I5 In the
amount of $5,9^1 million, were $5,S73 million.
cash, with the bills Issued on a discount basis,
cash.
Exchanges for the
l-l/^J-
percent notes. Series &-1951.
which matured November 1 In the amount of $5>253 million, were th,^gg million.
the Secretary of the Treasury
Tax Anticipation Series.
The offering was for
as
in the case of other bill series. The Tax Anticipation
Series bills were dated October 23, I95I, and will
mature March I5, 1952.
They will be accepted In
payment of income taxes due on March I5, 1952, and
to the extent they are not presented for this purpose
the face amount of these bills will be payable
Subscription booJcB for the oertlflcatee of
Series E-I952 were opened on October 1, and were
closed at the olose of business on October H-.
without Interest at maturity.
Exchanges were made par for par In the case of the
was 1.550 percent.
notes of Series F-I95I ^"d at par with an adjustment of Interest as of October 15 In the case of
Cash subscriptions
were not received.
The certificates were Issued
In bearer form only, In denominations of $1,000,
S5,000, 110,000, $100,000, and $1,000,000.
the notes of Series G-1951-
Reports to the Treasury on the ownership of
Sovernment securities Indicate that on August 3I,
1951,
about So percent of Series F-1951 notes and
65 percent of Series 0-1951 notes were owned by
reporting commercial banks and the Federal Reserve
The ownership figures for that date are the
Banks.
Tenders were received
on October 17, 1951. and were accepted in the amount
of $1,233.8 million.
The average rate of discount
The Secretary also stated in his October 10
announcement that another offering of Treasury bills
would be made within the next few weeks. These bills
would mature on June 15, 1952, and would be acceptable
in payment of Income taxes due on that date.
The
amount probably would be in the neighborhood of
$1,000 million.
Maturing Treasury Bills Refunded
Treasury bills matured during October in the
amount of $1.2 billion in each of the four weeks,
and new offerings were in the same amount. The
latest published for commercial banks.
average rates of discount on the successive weekly
Tax Anticipation Bills Offered
cent, and 1.593 percent.
issues were 1.546 percent, 1,576 percent, I.615 per-
In
Note:
accordance
with his
announcement on
Detalljs of Treaaury market financing operations are
shown elsevhere in this issue of the
Bulletin", in the tables on "Offerings"
"Treasury
and "Dis-
position", respeotlTely, of marketable Issues of bonds,
notes, and certificates of Indebtedness, and in the table
"Offerings of Treasury Bills".
November 1951
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In mlllloas of dollars)
Net
increase
Budget receipts and expenditures
Het
receipts
Expenditures
i/
Trust
account
and other
txons act Ions
Surplus,
or
deficit
{-) 2/
Clearing
account
y
in
public
debt, or
Net
Increase
in General
Fund balance, or
dscrease
decrease
(-)
2/1/
Lerele^ end of period
Debt outatandiDg
a«aaral
Fund
balance
(-)
Public
debt
Cxiaranteed
72,1*22
"•,568
eecurltieB
Total
Federal
eecurltlee
Flacal years:
12,696
22,202
19''2
19'»5
1.3,892
Ult,762
igW
UO,027
to,oit3
li2,211
i:J5i
38,2U6
37,OU5
U8,lU3
-53,91*1
1952 (KBt.),
55,138 2/
71,591*
,
igitS
19''9
1950
,
-521.
10,71*0
-10,1*60
751*
-1,103
-10,930
-291*
-5,991*
-1,811
-3,122
3,510
-1*95
555
-507
366
-11,136
8,1*19
1*1*,633
WltT
23,1*61
-20,676
39,289
33,791
,
-1,613
-338
-2,222
791
1.78
1,621.
-1,1*62
99
679
1.83
l*,587
2,01*7
-211*
-2,135
1,839
-21,1.90
-57,1*20
-51,1*23
31*, 187
79,622
95,315
98,703
60,703
19'i3
ig"*"*
1*0,057
1*0,167
5/
-16,1*56
5/
61., 271*
307
57,679
61.,
358
6,515
10,662
1*,529
2,991
9,507
20,169
21*, 698
11*, 238
3,308
I., 932
3,1*70
5,517
7,357
1.61.
50,232
57,707
6,983
1,751
10,51*3
12,291*
6l*,753
9,91*2
lt7,l*8U
3,767
-22,502
22,236
26,003
3,502
269,1*22
256,286
252,292
252,770
257,357
255,222
100
1,623
It,
1(33
I176
90
73
27
20
29
76,991
140,796
202,626
259, U5
269,898
258,376
252,366
252,798
257,377
255,251
16,000
-1,788
-266
-1,161
136,696
201,003
258,682
Calendar years t
19't2
16,290
57,751
-1*1, U6I
191t3
3lt,U83
90,171*
-55,691
-53,650
19Wt
1*3,531
1*3,928
19''5
19I16
38,810
W"*?
WltS
In, 010
97,181
87,522
Ul,322
-1.3,591*
-2,512
-123
-1,386
362
-18,966
-2U0
199
-1.05
3,097
1,111
l.,208
1*71
2,1*31*
Itl,li50
38,576
36,209
igiig
38,122
1.1,711*
-3,592
-350
-229
-502
231*
-2,21.9
-1*,100
l*,331
1950
37,831*
38,255
-1.22
3U
87
-1*23
-Wt7
1*,679
l*,232
3,579
3,381
3,205
2,972
3,651
371*
-179
101
-1,080
1*51
l*,659
1,783
-8U
172
-315
31.0
lK)9
631
U76
5,291
5,767
-1,811
-1,159
111
-62
213
291
-511
-321.
-111
359
881
-1,771
-833
308
3,995
3,163
-1,U88
-1,106
837
3,337
1,081
1,281
1*,U18
20
1,107
1,975
828
-133
-1.01.
10
160
-36
-88
1*,737
201*
-962
-315
5,21.1
108,170
165,877
230,630
278,115
l»,301
259,11*9
4,230
1,514
567
339
112,471
170,108
232,144
278,682
259,487
256,900
252,800
257,130
256,708
81
55
30
24
256,981
252,854
257,160
256,731
252,620
252,721
251,61*2
36
26
24
252,656
252,747
251,666
251,530
251,889
252,770
23
23
27
251,553
251,912
252,798
253,877
255,852
256,680
26
27
29
253,902
255,879
256,709
Months
I9U9- January
February.
Maroh ....
.
April
May
5,1*35
1,31*0
June
July
Auguiit,
.
September
3,151
1,91*5
l*,767
3,101*
1,91*6
2,1.79
l*,832
3,1*31*
1,881
3,111
3,127
3,722
-1,230
-783
1.69
299
-272
3,323
kk
2
2,1.96
1.76
U,656
3,585
3,995
October,.
November
December
2,31*1*
1950- January
February.
3,366
2,972
March ....
lt,a20
3,269
April.
May...
June.
1,1*88
2,81*7
2,320
U,U0U
July
August. .
September
l*,191
-51
87
-173
30
218
31*5
-133
3,1*70
5,699
256,778
256,982
257,130
28
29
30
256,805
257,011
257,160
256,865
256,368
255,721.
27
27
24
256,892
256,395
255,747
5,517
255,718
256,350
257,357
22
20
20
255,740
256,370
257,377
500
5,185
5,505
257,51*1
257,871*
16
18
257,216
20
257,557
257,891
257,236
22
24
24
256,959
257,100
256,731
18
18
21
256,143
255,958
255,018
21
29
29
254,748
255,122
255,251
255,657
28
256,61*4
32
33
255,685
256,677
257,386
1*,1*22
11*8
257
1*,679
-265
1,551
-6U5
370
137
935
5,01*9
170
-93
569
-11
122
5,186
6,121
-1,358
-79
25
-6
-1,1.19
1*,702
2,962
-61*2
11.7
108
-53
-376
-8
632
1,007
-238
1,053
l.,l.6U
l*,296
1,881
2,860
It, 605
3,013
2,515
3,520
-1,132
3U.
-99
31
183
I.,
11*7
-11.0
1,081.
-27
-80
333
-658
-1,017
685
319
October,
November
December.
2,056
2,851
3,170
3,102 6/
-1,111.
-1,359
-6
lt,ll>5
l.,211
1951- January..
February,
March,
U, 1.1.8
1»,257
.
-1*97
1*9
-279
3,71*2
1.70
1.5
-63
-52
-369
93
232
256,937
257,077
256,708
3,808
3,211
61.0
-83
21.7
-583
l*,U5l*
256,125
1,01*7
227
l*,05l*
-31*
5,382
8,569
255,91*1
l.,058
-161
111
-181*
8,112
221
929
3,187
April,
May...
June.
2,626
l.,007
l«,517
-69
136
106
-304
5,969
281*
1*3
-270
366
129
-1,611.
7,089
-1,381
-1,370
1,119
1,571*
6,955
5,782
7,357
July
August, ,.
September.
2,571
I*,
-1,737
-525
1,822
5,620
5,095
6,916
.
,
3,11*6
3,39'*
6,209
739
5,087
5,163
-2526/
-17
169 6/
llMD
-91*1*
-2,168
11
-11.
1*35
-1,1*93
83
1,046
37
-103
30
988
709
Source:
Actual figures from Daily Treasury Statement; estimates "baaed on
1952 Budget document. Including effect of proposed legislation (see
alao footnote 5), More detailed Infonnatlon with respect to the
figures in this table is given elsevhere in the "Treaaury Bulletin",
1/ Gross receipts less appropriations to the Federal Old-Age and Survivors
Insurance Truat Fund and refunds of receipts.
2/ TransactlonB of the Foreign Economic Cooperation Trust Fund, establiahed
under Section ll4 (f) of the Economic Cooperation Act of 1948
(62 Stat, 150], are consolidated vith budget expenditures.
Excess of receipts, or expenditures (-).
For outstanding checks and Interest coupons, and telegraphic reports
^
6/
-1,173
l*,139
It,
251*, 997
2511,727
255,093
255,222
257,353
Federal Reserve Banks ; eiceea of receipts, or expenditures (-).
la testimony before the Senate Finance Ccnmnltteo caa Juno 28, 1951,
Secretary Snyder estimated 1952 net receipts under txlBtlUg iMV st
$58.5 billion and expenditures at $68, U billion, vlth a reeulting
deficit of $9.9 billion.
Beginning Norember 1950^ Inreetzients of wholly owned Government
corpca-atlons In public debt securities are exclxided fraa budget
expenditures and Included with other such Inrestanente xmder "Trust
account and other transactions". Adjuetaaants for July-October Inveetanents were made In the Norember and January figures
tram.
Treasury Bulletin
BUDOET RECEIPTS AND EXPENDITURES
Table 1.- Recelpte by Principal Sources
(In mllllona of dollars]
Fiscal year
or month
November 1951
BUDGET RECEIPTS AND EXPENDITURES,
Table 3«- Expenditures for National Defense and Related Activities
(In mllllone of dollars)
Department
of the
Air Force
19l<5
89,720
90,501
191*6
1*8,870
19'*7
19'*8
16,812
11,500
191*9
1950
1951
12,158
12,378
19,958
1952 (Eattmatod)
1*1,1*31
19't't
1951-JanuBrj . .
February .
March
Department
of the
Departanont
of the
15/
Fiscal year
or mDntb
Navy
16/
Payments
under Armed
Forces
Leave Act
Reconstruction
Finance
Corporation
11/
1*9,21*2
26,538
2,682
50,337
27,800
6,911
30,01*7
1*72
15,161
328
138
l*,998
l*,171
1,9
270
5,1*17
1*,090
U,lil2
6,875
5,756
10
1
2
6,01*6
1,690
3,506
6,237
I*,
United
States
Maritime
Commission
18/
Surplus
property
disposal
12/20/
3,812
3,227
691*
106
271
277
1,501
268
1*42
136
25
551*
299
1*39
71
225
656
1*31
1,300
121*
560
535
585
55
86
72
31*
72
63
100
1,7
1*2
108
39
30
32
no
1*83
April
May
June
2,160
2,396
2,U95
622
733
81*2
521*
81*2
71*6
1,01*1
718
620
Juljr
AugUflt, ,.
2,930
Septeaaher.
2,628
916
897
778
1,182
1,210
1,036
759
792
671
8,598
2,590
3,1*28
Flecal year
1952 to date
3,01*0
656
325
112
255
Source: (Saiae as Table 2).
Footnotes at end of Table 5*
Table 4.- Expenditures for International Finance and Aid
(In mllllone of dollars)
Fiscal year
or month
6,305
I*, 117
11
99
1,651
1,695
2,057
1*83
other
2g/
7,1*1*7
1*0,007 21/
518
567
718
ftnH
critical
materials
21/
111*
661.
Strategic
1.1*
25
26
1*0
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 5.- "Other" Expenditures
(In nilllcms of dollara)
FIbcelL year
or month
Novemher 1951
BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Summary by Montha and Years
(In mlU-lona of dollars}
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 7.- Social Security Act - Budget Receipts and Expenditures
(In mllllODs of dollars)
Fiscal year
or month
November
i9'?l
BUDGET RECEIPTS AND EXPENDITURES
Table 8.- Railroad Retlrenent Act - Budget Receipts and EaqMOdltures
(In minions of dollars)
Fiscal year
or month
.
.
.
,
Treasury Bulletin
TRUST ACCOUHT AMD OTHER TRAHSACTIONS
Table 1.- Sunnary of Trust Account and Other Transactions
(In
Fiscal year
or month
Net of
trust account
and other
transactlonfl l/
inm 1 nnw
of dollare)
Trust accounts , etc.
Net receipts, or
expenditures (-}
Becelpte
Expenditures
(other than
Net Invostaiienta of
Gcvemnient agencies In
public doht securities 2/
Guaranteed
Inrestanenta)
I9W
-2,222
791
-52U
-1,103
-S^k
780
7,5lA
3,238
2,619
2,658
5,085
7,086
7,702
6,2Wt
6,515 2/
-1*95
99
679
1,890
-281
3,852
6,669
7,796
1952 (Estimated),
l*61t
3,'t75
1951 -January
February .
-83
350
227
-31*
W»9
91
-69
136
2Sh
11
638
899
118
I9U5
igiifi
Wit?
,
I9W
,
19119
,
1950
1951
,
. .
March
April
May
June
July
August
September.
,
83
.
37
It,
63
583
560
5,71'*
305
lt,129
-1*58
5,200
3,668
3,362
3,060
3,625
3,857
3,a2U.
6,950
Net redemptions , or oales ( of securities of GoTemment
egencies In the market 2/
3,557
8,620
5,1'>5
572
708
258
339
li03
107
1117
lt87
lOU
I109
292
U97
336
66U
106
28
-10
-37"*
209
127
U67
1,055
1,003
k6
8
11*
lt27
l»30
-28
-123
3,17lt
222
y
190
277
160
387
16
-1*02
3,9't5
Not guaranteed
,683
,276
2,311
1,079
896
1.60
517
-170
13
*
)
November
19'? I
TKUST ACCOUNT AND OTHER TEAMSACTIOHS
Table 3.- Trust Account Expenditures Other Than Investments
(In milllonfl of dollara; negative figures are eicess of credits)
Fiscal year
or month
Treasury Bulletin
10
THUST ACCOUNT AHD OTHER TRANSACTIONS.
1/
Table 5.- Federal Old-Age and Survivors Insurance Trust Fund
(In mllllona of dollars)
Fiscal
year
or
month
November 1951
11
TRUST ACCOUHT AMD OTHER TRAMSACTIONS
Table 7.- Uneiaployaent Trust Fond
Treasury Bulletin
12
.TEEASURy CASH HJCCME AND OOTQO.
Table 1.- Summary of Cash Transactions
November 1951
13
.TREASURY CASH INCOME AND OUTCiO.
Table 3.- Derivation of Cash Budget Expenditures
(In millions of dollars)
Fiscal year
or month
Treasury Bulletin
Ik
.TREASURy CASH IHCOME AND OOTCSO.
Table 5.- Derivation of Cash Borrowing or Repayment of Borrowing
November 1951
15
GENERAL FUND OF THE TREASURY.
Table 1.- Status of the General Fund
.
.
Treasury Bulletin
16
.HEHT ootstandhc.
Table 1.- Sunmary of Federal Securities
(In millions of dollare)
Interest -bearing debt
Total outatanding
End of
flBcal
year or
month
Matured debt and debt bearing no Interest
GuaranPublic
Debt
iZ
19W»,
1945.
1946.
1947.
1948.
202,626
259,115
269,898
258,376
252,366
201,003
258,682
269,422
258,286
252,292
1,623
433
476
90
1949.
1950.
1951.
252,798
257,377
255,251
Debt peak
Feb. 1946..
1950-Doc ember
1951-Januar7,
February
March. .
teed
aecurltlee
1/
69
231
280
4l6
66
1,724
1,161
1,259
2,057
935
802
722
250,762
255,209
252,852
24
17
27
2,012
2,150
2,372
2,009
2,148
2,370
245
265
512
41
1,063
1,270
1,283
660
613
575
277,912
539
1,313
1,301
238
254,283
22
2,427
2,425
562
253,704
253,382
252,553
16
15
19
2,423
2,561
2,446
2,421
2,559
2,444
561
702
590
252,299
252,756
252,879
252,280
252,729
252,852
19
27
27
2,449
2,366
2,372
2,447
2,364
2,370
583
503
512
253,351
254,351
254,990
253,325
254,321
254,958
26
31
32
2,334
2,325
2,397
2,332
2,323
2,395
536
73
252,770
257,357
255,222
27
20
29
250,785
255,226
252,879
279,764
279,214
551
278,451
256,731
256,708
24
254,304
256,143
255,958
255,018
256,125
255,941
254,997
18
18
21
253,720
253,397
252,572
April.
May...
June.
254,748
255,122
255,251
254,727
255,093
255,222
21
July..
August
September
255,685
256,677
257,386
257,353
32
33
Bank
Other
2/
1,567
2,350
1,321
3,179
2,234
199,543
256,357
268,111
255,113
250,063
28
national.
Monetary
Fund
201
269
1,516
409
467
lllfdl
Inter-
1,460
2,326
1,311
3,173
2,229
201,059
256,766
268,578
255,197
250,132
29
29
Guaran-
Public debt
Public
debt
teed
aecurltlea
83
376
.
teed
eecuritlee 1/
(matured)
November 1951
17
.DEBT OUrSTANDnC,
Table 3.- Interest-Bearing Public Debt
Treasury Bulletin
18
.UEHT OUrSTAITDIIG.
Table 5.- Special Issues to United States Government Investment Accounts
(In mlUiona of dollare)
End of fiscal
year or month
19
November 1951
.DEBO;
OOTSTAHDUG.
Table 7.- Treasury Holdings of Securities Issued by Govemment
(}orporatlons and Other Agencies-^
Treasury Bulletin
20
DEBT OUTSTANDINa.
Table 8.- Public Debt and Guaranteed Securities Outstanding by Honttis
(End of month. In mllllona of dollars)
Apr.
July
Mai'
Aug.
20,06?
23,399
27,080
29,033
33,380
20,611
23,051
27,190
20,813
23,050
27,188
29,"^£1
29. ".6:!
33,833
33,833
33,791.
37,01.5
36,956
38,U23
Ul,036
"•It, 137
53,58U
37, 091.
96,116
166,158
215,005
265,342
262,277
108,170
165,877
230,630
262,020
265,369
92,90U
165, 0U7
210, 2U4
261,817
263,532
259,1'^5
259,071
252,1.60
256,778
256,937
258,212
252,506
256,982
257,077
256,900
252,800
257,130
256,708
Sept.
Public debt
1932.
193J.
193''.
1935.
1936.
1937.
1938.
1939.
17,816
20,802
25,068
28,U76
30,516
IB, 126
20,935
26,052
28,526
30,520
18,507
21,362
26,158
28,817
31,'»59
502
311,601
37, ".53
3'',
39,631
U2,110
19,U87
22,539
27,053
28,701
33,779
19,612
22,610
27,189
29,123
31, '•25
19,037
21,853
26,155
28,63a
31,636
3'',728
3't,9'*l
35,213
36, '•25
37,633
39,859
•2,365
U6,090
37,556
39,985
37,510
37, 1^22
37,165
36,716
37,191
'•0,063
'•0,U1»0
1.0,661
1.0,891
'»2,5i»0
112,658
'•7,231
1.2,968
1.3,771
"•9,513
1.3,905
Ul.,073
'•7,173
1(0,282
1»2,803
l'7,721
36,875
38,393
U0,858
50,921
51,31.6
62,381
62,ltl9
6U,96l
77,136
81,685
86,U83
llU,02li
129,81*9
279,21'!
115,507
18U,715
233,950
276,012
18,597
21,UU1
26,
UB
28,668
igltl.
"•5,877
19U2.
19U6.
60,012
111,069
170,659
232, U08
£78,887
19't7.
259,776
261, 1(18
259, 12
19'*8.
19l»9.
256,57''
25lt,605
252,990
252,
252,620
256,865
256,125
252,721
256,368
251,61i2
255,72't
251,530
255,718
255,9'>1
25'', 997
25i.,727
19''3.
19'''*.
19lt5.
1950.
1951.
183,107
233,707
It
U8,96l
33,tt'»
37,593
72,U22
136,696
201,003
258,682
ll.l,52U
ll.l.,059
158,31.9
203,571.
262,0115
209,802
263,001
209, U96
235,069
273,898
68,571
135,913
186,366
238,832
272,583
269,ll22
268,270
267,51.6
257,701
258,31'3
252,236
251,889
256,350
255,093
258,286
252,292
252,770
257,357
255,222
259, UU8
2W
ia,967
20,806
23,53'>
27,299
25,6^U
38,603
"•1,305
"•4,273
55,OW
20,806
23,814
28,479
30,557
34,407
37,279
39,427
41,942
45,025
57,938
278, U5
259,149
257,5l.l
260,097
253, OU9
255,852
257, 87U
255,657
256,61*4
252,687
256,680
257,216
257,353
1,064
4,205
4,724
1,615
4,248
4,669
1,875
4,369
4,667
2,596
4,421
4,667
18
2,823
4,46o
4,662
180
3,063
4,494
4,662
4,703
5,064
5,480
5,526
6,939
4,633
5,015
5,489
5,813
6,937
4,633
5,009
5,456
5,808
6,937
4,634
5,001
5,448
5,810
6,938
4,644
4,993
5,708
5,919
6,324
4,645
4,992
5,704
5,917
6,324
4,581
3,791
1,565
505
4,592
3,941
1,566
379
4,265
4,119
1,563
558
386
4,264
4,160
1,533
333
4,574
971
568
545
400
93
22
89
57
29
24
4,301
4,230
1,514
567
339
ai
23,051
29,o64
33,790
38,500
20,813
23,052
29,784
33,382
38,500
20,806
23,552
30,122
34,094
38,456
20,806
23,994
31,543
35,052
39,069
253,37'^
253,877
Guaranteed securltlee l/
1932.
1933.
1934.
1935.
1936.
310
3,300
•,562
180
3,430
4,630
295
3,589
4,654
325
3,660
4,676
3,728
4,703
1937.
1938.
1939.
1940.
1941.
4,662
U,646
4,987
5,699
5,915
4,662
4,646
5,410
5,673
5,914
4,662
4,646
5,410
5,663
5,916
4,660
4,647
5,410
5.657
6,560
4,660
4,852
5,409
5,535
6,371
1942.
1943.
1944.
1945.
1946.
5,703
4,291
4,275
1,530
558
5,690
4,360
2,278
1,144
5,688
4,372
2,274
1,155
544
5,687
4,091
1,669
1,171
552
568
IDO
1,623
433
476
1947.
1948.
1949.
1950.
1951.
270
77
36
27
18
5,696
4,287
4,233
1,144
551
188
182
78
24
24
21
178
177
75
23
20
29
27
20
29
1932.
1933.
1934.
1935.
1936.
17, 816
20,802
25,378
31,776
35,078
18,126
20,935
26,232
32,006
35,150
18,507
21,362
26,453
32,406
36,113
18,597
21,441
26,443
1937.
1933.
1939.
1940.
1941.
39,164
42,099
44,618
47,809
51,792
39,263
42,279
45,269
48,038
52,004
39,390
42,202
45,395
48,203
53,089
1942.
1943.
1944.
1945.
1946.
65,715
115,360
174,933
233,938
279,445
68,077
118,311
187,339
234,851
279,764
1947.
1948.
1949.
1950.
1951.
260,046
256,651
252,656
256,892
256,143
261,606
254,683
252,747
256,395
255,958
2
79
26
553
75
23
22
21
423
6BI
4,123
4,718
665
053
450
529
370
90
80
73
55
26
534
79
51
76
50
16
27
18
29
20
28
32
33
20,067
23,099
28,695
33,280
38,049
553
370
52
28
55
30
24
Total Federal seciirltles
6U
36,101
19,037
21,853
26,578
32,367
36,339
10,487
22,539
27,734
32,824
38,497
19,612
22,610
28,254
33,328
38,168
39,601
42,157
45,473
48,315
53,791
39,873
42,274
45,691
48,343
54,092
41,089
42,017
45,890
48,497
55,332
41,419
42,255
46,141
49,297
56,452
46,380
49,718
57,858
41,503
43,402
46,314
49,881
58,283
41,590
43,424
46,484
49,947
60,522
41,738
43,596
47,013
50,192
61,364
41,924
44.419
47,646
50,942
64,26a
68,109
119,867
186,993
235,094
276,565
70,649
134,221
187,241
236,224
274,443
74,258
140,004
188,035
240,003
273,135
76,991
140,796
232,626
259, U5
269,898
81,717
145,316
210,138
262,550
268,603
86,277
148,000
211,369
263,535
267,924
91,057
162,321
211,064
262,565
265,768
97,169
169,166
211,807
262,376
263,918
100,380
170,313
216,537
265,894
262,646
112,471
170,108
232,144
278,682
259,487
259,306
253,068
251,666
255,747
255,018
257,880
252,315
251,553
255,740
254,748
258,521
252,311
251,912
256,570
255,122
258,376
252,366
252,798
257,377
255,251
259,528
253,429
253,902
257,557
255,685
260,176
253,101
255,879
257,891
256,677
259,221
252,738
256,709
257,23*
257,386
259,155
252,513
256,805
256,959
258,301
252,563
257,011
257,100
256,981
252,854
257,160
256,731
32,323
Source: Dally Treasury Statement; Office of the Treaaurer of the United States;
for guaranteed securities prior to July 1942, Statement of Contingent Liabilities.
1/ Obligations, loeuad by certain Goremment corporations and other agencies,
which are guaranteed by the United States as to both principal and interest.
41,678
42, 608
20,
Such obligations were first authorised in 1932. Prior to
September 1939, the figures represent principal shown as a contingent
liability of the United States; beginning September 1939, they represent principal outstanding, both matured and unmatured. Guaranteed
securities held by tiie Treasury are excluded.
:
November 1951
21
STATUTORY DEBT LIMITATION
The Second Liberty Bond Act, as amended,
(
aggregate $375 billion outstanding at any one time.
Obligations Issued on a discount basis, and subject to
redemption prior to maturity at the option of the owner,
Jl U.3.C.
757 b), 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
are Included In the statutory debt limitation at current
the United States (except guaranteed obligations held by
the Secretary of the Treasury),
redemption values.
shall not exceed In the
Table 1.- Statue under Limitation, September 30, 1051
(In ailllGos of doUare)
Mazlmm aaount of socurltles which nay
of Jme 26, 19lt6 ^1 U.S.C. 757 b)
be outatanlliig at any one tlae, unler llaltatlone Ijipoeed
1>T
the «ot
7/T
'
Anount of securities outatanllng subject to auch statutory debt llaltatleni
U. 3. Coremment securities Issued under the Second Liberty Boi^ Act,
Guaranteed securities (excluding thoee held by the Treaaury)
•
275,000
aaeided.
256,680
33
Total anount of eoeurltlea outstanding subject to statutory debt llaltatlcm
2^-713
Balance Issuable under limitation.
18,287
Source:
Bureau of the Public Debt.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding September 30, 1051
(In millions of dollars)
Class of security
Subject to
statutory debt
limitation
Not subject to
statutory debt
limitation
Total
outstsndlng
Public debt:
Interest- bearing securities:
Marketable:
Treasury bills
Certificates of Indebtedness
Treasury notes
Treasury bonds - bank eligible
Treasury bonds - bank restricted 1/...
Postal savings and Panama Canal bonds.
15,617
15,317
31,013
1*2,016
36,0511
1*2,016
36,051*
152
Total marketable
114-0,018
Wonmarke table
U.S. savings bonds (current redemption value).
Treasury savings notes
"]
Depositary bonds
Armed forces leave bonds
Treasury bonis Investoent series
152
152
11*0,169
57,1*88
57,1*88
7,775
7,775
Total nonmarketable
Special Issues to Government egencles anl trust funds.
Total Interest-bearing securities
3't3
3'*3
27
13,519
27
13,519
79,152
,
79,152
35,637
254,806
Matured securities on vhlch interest has ceased
152
532
Debt bearing no Interest:
United States savings stamps
Excess profits tax refund bonds
!!!!!!!!!!!!!!!]*[
Special notes of the United States:
International Monetary Fund series
International Bank for Reconstruction and DeTelopmnt series.'!!!!!!!
United States notes (lose gold reserve)
\^
Deposits for retirement of national bank and Federal BBSerie'&iA'nites!
Other debt bearing no Interest
Total debt bearing no Intereat.
1*7
2
1,293
191
321
6
1,31*2
518
256,680
Total public debt
Guaranteed securities:
15,617
15,317
31,013
673
2/
Interest-bearing.
Matured
32
2
Total guaranteed securities
33
Total public debt and guaranteed securities.
256,713
~
Source:
Bureau of the Public Debt.
1/ Issues which commercial banks may not acquire prior to specified dates
'
673
22
Treasury Bulletin
DEBT 0PERATI0K3.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding September 30, 1051
^
.
.
.
November 1951
23
DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding September 30, 1051^(Ck)ntinued)
(In milllonfl of dollars)
Amount of maturltleQ
Amount of maturities
Year
and
month
Description of security 2/
Fllsd
maturity
ISBuee
Date
bank reCallable Issues
stricted
classified by
issues
year of:
becoana
First
caU
Final
maturity
Year
and
month
Description of security 2/
bank
eligible
Filed
maturity
issues
Date
bank reCallable Issues
stricted
classified by
Issues
year of:
bee cue
First
call
Final
maturity
ban}:
eligible
y
1966
i960
Mar...
2-7/8^ Bond
Bee...
2-3A* Bond
2,6U
3/15/55-60.
12/15/60-65.
2-1/256 Bond -
3/15/66-71.
3,480
2-l/2j6 Bond 2-1/256 Bond -
6/15/62-67.
6/15/67-72.
2,002
Sept.
2-1/2^ Bond
9/15/67-72.
2,716
Dec...
2-1/256 Bond - 12/15/67-72.
4,076
Total
8,794
Mar.
12/1/54
l.ltSS
Total.
1,1*85
2,611
1967
June..
1961
June..
3)6
Panama Canal bond
-
6/1/6I
50
-
2,118
5/5/52
6/15/62
12/15/62
2,U8
1962
June..
S-lAiS Bond
2-1/S'f, Bond
6/15/59-62.
6/15/62-67.
5,281»
6/15/52
5/5/52
1968
-
12/15/59-62.
Total.
3,1*69
2,118
2,831
12/1/5S
2-X/2i Bond
6/15/64-69.
3,761
4/15/53
Dec
2-1 A* Bond
2-1/256 Bond - 12/15/63-68.
June..
Dec...
2,118
2-1/256 Bond - I2/15/6U-69.
3,837
9/15/53
Dec.
12/15/52
8,753
1969
. .
-
1963
7,598
June.
2-3Ai' Bond
6/15/53-63.
Dec.
2-l/2iS Bond
12/15/63-68.
919
2,831
2,^1
Total
12/1/52
919
1970
Mar...
2-1/2^ Bond
-
3/15/65-70.
5,197
2/1/54
2-1/256 Bond -
3/15/66-71.
3,480
12/1/54
June..
2-1/256 Bond -
6/15/67-72.
2,002
6/15/62
Sept..
2-1/2^ Bond
9/15/67-72.
2,716
Dec...
2-1/256 Bond - 12/15/67-72.
'»,076
Total
8,794
I96I*
June.
2-1/256 Bond
6/15/6I.-69.
3,761
l»/l5/53
Dec..
2-l/2)S Bond
12/15/64-69.
3,837
9/15/53
Total
1971
Mar...
7,597
1972
1965
Mar...
2-l/2i6 Bond
3/15/65-70.
Dec...
2-3/lt;6
Bond
12/15/60-65.
Total.
2/1/54
5,197
-
12/15/52
1,'»85
5,197
l,'t85
Source: Dally Treasury Statement and Bureau of the Public Debt.
1/ Excludes postal savings bonds.
2/ It should be noted that callable issues appear tvice in this column,
once in the year of first call and again in the year of final maturity. Callable Issues with respect to which a definite notice of
call has been made, however, are listed as filed maturities. For
date of issue of each security, see "Market Quotations"; for tax
status, see "Treasury Survey of Ownership".
jL/
4/
^
Bank restricted Issuee may not be acquired by coomarcial banks (with
minor exceptions) prior to specified dates; see "Debt Outstanding",
Table 3, footnote 1.
Hot called for redemption on September 15, 1951, first call date.
Callable on March 15, 1952, succeeding Interest payment date.
not called for redemption on December 15, 1951, first call date.
Callable on June 15, 1952, succeeding interest payment date.
6
.
5
8
1
5
6
2
1
5
2U
Treasury Bulletin
DEBT OPERATIONS.
Table 2.- OfferingB of Treasury Bills
(Dollar aaounte In nlUioos)
Aaowt of
Deecrlptlon of nev Iseue
atnrlj^
Aaotnt of bids accepted
May
May
May
May
1951.Aug.
Aug.
Aug.
Aug.
Aug.
10..
17..
Sh.,
31..
2.
9.
16.
23.
30.
Juns 7<*
June Ih,.
June 21 ••
June 28,.
Sept. 6.
Sept. 13.
Sept. 20.
Sept. 27.
July 5..
July 12..
July 19..
July 26..
Oct.
Oct.
Oct.
Oct.
Aug. 2...
Aug. 9..
Aug. l6..
Aug. 23..
Aug. 30..
Not.
Not.
Not.
Not.
Hot.
Sept.
Sept.
Sept.
Sept.
Dec.
Dec.
Dec.
Dec.
6.
13.
20
27
Up
1952-Jan.
lip
Jan.
Jan.
l8p
Jan.
25p
Taj Anticipation SerleaJ
Oct.
Oct.
Oct.
Oct.
1951-Oot.
23p
r.|
1952-Mar.
1*.
11.
l8.
25.
1.
8.
15.
23.
29.
6.
13.
20.
27.
3.
10.
17.
2k.
15
dOTB to
Aaouat of
blda
ntxirltj'
Matnrltx
data
date
tiondorsd
of
On
COHpetltlTO
baaie
Total
aaotnt
On nonco^tetltlT
baala l/
2,176.7
1,866.3
1,865.8
1,900.1
1,967.3
1,102.0
1,100.0
1,100.7
1,100.9
1,100.7
989.7
986.8
985.6
987.5
1,002.2
112.3
113.3
91
91
91
91
1,836.6
2,110.9
1,908.7
1,101.5
1,001.2
1,000.9
1,019.5
877.9
887.7
l,7l*J*.5
1,000.1>
82.0
123.3
113.2
95.9
91
91
91
91
1,822.1
1,087.1
1,070.1
113.7
131.6
2,031.5
1,992.2
1,200.8
1,201.7
1,201.8
1,200.5
1,01*7.7
151*.
1,051.5
11*9.0
1*7.6
1,95''.
1,300.6
1,300.1*
1,300.1*
11*0.9
11*1* .2
33.8
116.3
1,11*5.5
151* .9
200.1*
1,100.7
1,100.6
9^7.8
152.8
132.2
60.8
91
1,891.0
2,079.7
1,992.7
1,998.1
1,159.7
1,156.2
91
91
91
91
1,918.0
1,913.3
1,930.1
1,772.7
1,102.8
1,202.9
1,202.7
1,200.9
992.3
1,038.5
1,039.7
1,058.3
91
91
91
91
2,022.8
2,163.1
1,922.7
2,129.6
1,201.5
1,200.7
1,200.3
1,200.8
1,05^.7
1,023.8
Ikk
3,285.2
1,233.8
91
91
91
92
l,961*.l.
U5.1
113.3
98.5
901*.
968.1*
ATerage
price
per hundred
1,102.0
1,100.0
1,100.7
1,100.9
1,100.7
ll*,6ll.8
ll*,8l2.2
15,012.9
121*.
11*, 1*13.1
15,011.9
15,011.7
15,011.6
15,617.7
15,616.6
15,615.1
1,021.8
1,001.6
232.2
110.5
78.1*
161* .1*
1,022.1*
1*5.2
59.8
65.2
15,211*.
15,1*16.1*
15,615."*
1,233.8
On coapetltlTe blda acceptedHigh
Equl Talent
BTerage
rate 5/
Price per
hmdred
EqolTalant
rate 2/
Price per
hiadred
99.650
99.650
,
99.609 5/
99.637
99.593
99.583
99.580
99.578
1.611
1.651
1.660
1.651
99.58I*
1.61*5
99.637
99.637
99.637
99.600 6/
99.608
Sept. 6,.
Sept. 13..
Sept. 20 .
Sept. 27 .
99.58I*
1.61*6
99. 581*
1.6U6
99.58I*
1.61*1*
99.581*
I.6U7
l*p,
99.581*
1.61*6
Up.
1%.
99.602
99.592
99.597
1.576
1.615
1.593
1.508
1.566
1.626
1.591
1.600
99.625 2/
1.1*81*
99.621*
1.1*87
99.625
1.1*81*
99.601*
1.567
1.503
99.620
I.W7
99.601
99.610
99.610
99.612
99.612
99.621
99.615
99.611
1.51*3
1.1*56
,
y
1.31*9
1.1*01*
1.385
1.385
1.51*7
1.1*36
1.1*36
1.1*36
1.1*36
1.565
1.551
1.578
1.51*3
1.51*3
1.535
1.535
1.1*99
1.523
1.539
B^olTalent
rate 2/
(Parcant)
(Percent)
1.603
1.615
1.562
1.591
25p.
ll*, 215.1*
1*1*.
99.595
99.592
99.605
99.598
Oct.
Oot.
Oct.
Oot.
11*, Oil*.
1,000.5
1,002.8
176.9
177.9
179.0
99.61*5
2.
9.
16.
23.
30.
1,000.1*
51.0
15,617.0
1.527
Aug.
Aug.
Aug.
Aug.
Aug.
11*6.7
13,613.6
1,200.8
1,201.7
1,201.8
1,200.5
99.611*
26
13,812.8
67.1*
1.1*1*5
12
19
1,001.6
13 ,611*.
11*6.8
99.610
99.632
99.659
5.
58.1
13,6ll*.7
1,000.1*
1.555
July
July
July
July
28.8
57.1*
56.0
99.607
99.629
99.635
11*.
13,611*.
1,100.8
1,001.0
1,001.6
1,000.9
20.1
1*2.1
1*8.8
June
June
June
June
21.
28.
13,626.3
13,623.1
13,621.8
13,619.8
13,613.9
11*2.6
99.619
99.589
99.598
99.596
153.1*
Otttetanding
(as of date
shown In
first coluBi)
163.0
!ffi^""^?.'.
May
10.
May
17.
21*.
May
Hay
31.
99.601*
52.5
263.6
36.1
Total bllla
1,101.5
1,001.2
1,000.9
(Percent)
7.
1,102.9
1,103.1
1,102.0
1,102.9
1,106.6
28.1*
91
91
91
91
91
On total bldB acceptadleeue
date
In
wfchangB
leaoe
(as of date
flhown In
first colon)
99.617
99.600
99.586
99.596
99.591*
1.515
1.582
1.638
1.598
1.606
99.605
99.628
99.632
99.608
1.563
99.590
99.590
99.603
99.595
1.622
1.622
1.571
1,602
99.590
99.579
99.577
99.576
99.582
1.622
1.665
1.673
1.659
99.583
99.583
99.583
99.581
1.650
1.650
1.650
1.658
99.582
99.600
99.588
99.595
1.582
1.630
1.602
1.1*72
1.1*56
1.551
1.651*
1.651*
tax intlclpatlott Berieel
1951-Oot. 23p
^•380
1.550
Source: Bureau of the Public Debt,
Tenders for $200,000 c(r lesa from any one bidder are acoepted la full
i/
at aTeroge prloe aa ccopetltlTe blda,
2/ Boik dlacount baais,
1/ Except $1,000,000 at 99.655.
5/ Except $100,000 at 99.700.
5/
6/
1/
p
1.1*70
99.1*12 1/
99.366
Except 41*00,000 at 99.635 and $200,000 at 99.620.
Except $100,000 at 99.630 (Her.).
Eioept $60,000 at 99.600 and $5,000 at 99.''28.
Preliminary.
1.580
25
November 1 9 51
DEBT OPERATIONS.
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Date
subacrlptlon
books vore
opened
Amount of
Bubecriptlona
tendered
Date
of
Issue
Deecrlptlon of security
Amount Issued
For
cash 1/
Maturity
Cash 1/
Exchange
In exchange
for other
securities
Allotanent
ratio
(In allllona of dollars)
1/21M
2/18/U6
3/20/W
5/20/1.6
6/1U/U6
7/17/1.6
8/19/1.6
9/18/1.6
10/21/1.6
11/18/1.6
12/18/1.6
1/20/U7
2/17/1.7
3/19/1.7
5/21/1.7
6/23/1.7
7/21/U7
8/20/1.7
9/2/1.7
9/22/1.7
10/22/1.7
11/19/1.7
12/19/1.7
2/1/1.6
3/1/1.6
U/1/U6
6/1/1.6
7/1/1.6
8/1/1.6
9/1/1.6
10/1/1.6
11/1/1.6
12/1/1.6
1/1A7
2/1A7
3/1A7
1./1A7
6/1A7
7/1/1.7
8/1A7
9/1A7
9/15/1.7
IO/1/U7
II/1/U7
12/1/U7
I/1/U8
1/20/1.8
2/1/1.8
2/i8Aa
3/1A8
3/22 A8
1./1/U8
5/l9/''8
6/1 A8
6/21/U8
7/1/1.8
9/1/1.8
9/15A8
9/20/U8
12/6/U8
12/15/1.8
10/1/U8
12/15/1.8
1/1A9
1/19/1.9
2/15/1.9
3/21/1.9
5/19/1.9
2/1/1.9
3/l/l'9
1./I/U9
6/1 A9
7/8*
7/8*
7/8*
7/8*
7/8*
7/8*
7/8*
7/^
7/8*
7/8*
7/8*
7/8*
7/8*
7/8*
7/8*
7/8*
7/^
7/8*
1*
1*
1/1.*
1/1.*
7/1/1.9
lA*
8/31A9
9/21A9
9/15A9
10/lA9
1/8*
1/8*
12/5 /U9
12/15/1.9
•3/8*
12/19A9
1/1/50
12A/5n
U
7/16/51
9A/51
10/1/51
2/
2/1/50
3/1/50
3/15/50
1./1/50
6/1/50
7/1/50
9/15/50
10/1/50
12/15/50
I./I/51
6/15/51
8/1/51
9/15/51
10/1/51
10/15/51
10/1/51
1 yr
1 yr
.,951.
l.,106
I./1/I.7-D
1
yr
l.,7l.2
6/1/1.7-E
7/1/1.7-P
1 yr
l.,l68
l.,673
8/I/U7-G
9/1/1.7-H
IO/1/U7-J
II/I/U7-K
1 yr
1 yr
1 yr
1 yr
2,307
l.,ll.5
3,203
82
72
l.,801
Certifica-te
6/1/1.8-E
2,951
2,669
2,510
Certificate
Certificate
Certificate
7/1A8-F
Certificate
Certificate
Certificate
Certificate
Certificate
Certificate
Certificate
Note
1/8* Certifica-te
l-l/U* Note
l-l/U* Note
1-1/2* Note
1-lA* "ote
1-1/1.* Note
1-1 /U* Note
1-1/1.* Note
1-l/U* Note
1-3/1.* Note
1-1/2* Note
1-7/^ Certificate
1-7/8* Certificate
1-7/8* Certificate
1-7/8* Certificate
1-7/8* Certificate
1-1/2* Note
1 yr
1 yr
1 yr
1 yr
11
m
1
m
1 yr
1 yr
1 yr
1 yr
I./1/I.9-D
1 yr
1 yr
6/1/1.9-E
7/1/1.9-F
I./1/5O-A
10/1/1.9-G
12/15/1.9-H
1/1/50-A
2/1/50-B
3/1/50-C
l./l/50-D
6/1/50-E
7/1/50-F
9/15/50-G
10/1/50-H
3/I5/5I.-A
1/1/51-A
10/1/51-A
7/1/51-B
3/15/55-A
7/1/51-C
7/1/51-D
8/1/51-E
10/15/5I-P
11/1/51-G
12/15/55-B
1./1/56-EA
l*/l/52-A
7/1/52-B
8/15/52-0
9/1/52-D
lO/l/52-E
10/1/56-IC
yr
yr 6^ m
yr
yr
1 yr
1
1
1
1
yr
yr
yr
yr
yr
yr
yr
1.
yr
1 yr
1
1
1
1
1
1
1
1,127
2,209
l.,092
1,351.
1,1.67
1*,092
1,351*
1,1.67
3,535
2,592
3,535
2,592
2,189
3,553
1,055
It, 301
5,783
3,596
6,535
519
5,695
2,189
3,553
1,055
1,993
2,922
963
5,019
5,601
1,197
6,2U8
963
5,019
5,601
1,197
6,21.8
3
ni
70
lOO
2,71.2
1,127
2,209
1,993
2,922
m
12^ m
U8
1,321
1,777
2,71.2
m
11
10
3/1/1*9-0
kit
3,91.7
2,11.2
yr
2/1/U9-B
52
56
2,31*1
l,Uit0
3,131*
1 yr
No-te
76
3,131.
1
7/1/1.8-G
7/1/1.8-H
10/1/1.8-B
10/1/1.8-J
10/1/1.8-K
1/1/1.9-A
1/1/1.9-A
59
66
62
51
100
100
3/1/1.8-C
U/1/U8-D
100
3,133
2,820
2,775
2,916
1,223
1,775
3,281
3,1.32
2/1/1. 8-B
12/1/1.7-L
l.,-95l.
3,281
Certificate
Certificate
Certificate
Certificate
Certificate
Certificate
Certificate
Certificate
Note
l-l/l.* Certificate
1-1/1.* Certificate
1-lA* Certificate
lA*
3/1/1.7-C
1/1/U8-A
1-1/a*
1-1/8*
1-1/8*
1-1/8*
1-1/8*
1-3/8*
lA*
2/1A7-B
1 yr
1 yr
1 yr
Certificate
Certificate
'•^
,
1-1/^ Note
1-1/8* Certificate
6/20 A9
1/20/50
2/17/50
2/17/50
3/20/50
5/22/50
6/21/50
9/5/50
9/18/50
Certificate
Certificate
Certificate
Certificate
Certificate
Certificate
Certificate
Certificate
Certificate
Certificate
Certificate
100
100
100
100
100
100
100
100
100
100
100
100
100
'»,301
5,783
3,596
6,535
519
5,695
U,675
5,373
100
100
100
100
100
100
100
100
100
100
100
100
1*,675
5,373
1 yr 8 m
1 yr 1+ m
1,918
2,71.1
2,71*1
5 yr
1 yr 3
1 yr 1
5,365
886
5,365
886
li,8l8
100
100
100
100
100
100
100
100
100
1,918
1*,818
m
m
1 yr 1 m
1 yr 1 m
1 yr 1 m
5,351
5,91*1
5,253
5,253
5 yr
6,851.
5 yr
1,007 2/
9?n
9,521*
11 m
5,216
11 m
11 m
5 yr
Source: Bureau of "the Public Debt.
1/ Conelsta of all public cash subsci-lptlans and subsoriptians by U, S,
Gcrermiient investsnent accounts,
2/ Exchange offering arallable to owners of nonmarke-table 2 -3 A* Treasury
BondB, Inves talent Series B-1975-80, dated April 1, 1951. For further
Information relating -to this offering see "Treasury Bulletin" for
5,351
5,91.1
583 P
1,832 p
10,861 p
502 kj
6,851*
1,007 2/
9,52U
5,216
583 P
1,832 p
10,861 u
502
y
April 1951, page A-1. Amounts shown ape as of October 31, 1951«
Inclndee $1,000 million exchanged by the Federea Keaerre Syeten.
Includes $500 million exchanged by the Federal Eseer7e System.
Preliminary.
100
100
100
100
100
100
100
Treasury Bulletin
26
DEBT OPERATIONS.
Table 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and r^rtlflcates
of Indebtedness and Securities Guaranteed by the United States Government
Sate of
refunillB*
or retire-
ment
November 1951
27
.UNITED STATES SAVIMGS BONDS.
United States savings bonds were first offered for
sale In March I933 and began to mature In Marob 194^5.
Series A-D were sold from March 1935 to April \^h\ and
have been on sale since May 1, 19'+1.
Series E, F, and
Series A-F sales are shown at issue price and
total redemptions and amounts outstanding at current
Series
is shown at face value
redemption values.
Beginning in May I95I, holders of maturing Series E bonds
to redeem them in cash, to retain
havs three options:
included in redemptions.
them with an extended maturity of 10 years at specified
rates of Interest accrual, or to exchange them for Series tJ
bonds.
Further information on these options will be found
In the "Treasury Bulletin" Issue for April I95I, page A-1,
and information on the terms and conditions of the various
series of savings bonds appears in the annual reports of
throughout.
Matured bonds which have been redeemed are
Matured bonds outstanding of
Series A-D were included in the interest-bearing debt
until all bonds of the series matured, when they were
transferred to matured debt upon which Interest has
Savings bonds data by denominations and the
ceased.
amounts of sales by States are published on a monthly
basis but do not appear In each Issue of the "Treasury
Bulletin".
the Secretary of the Treasury.
Table 1.- Sunmiary of Sales and Redemptions by Series, Cumulative through September 30, 1051
Treasury Bulletin
26
.UNITED STATES SAVBISS BOKDS.
Table 3.- Sales and Redenptlons of Series A-D, E, F, and G by Periods
(In ffllllions of dollars)
Period
.
.
,
.
,
29
November 1951
.UHITED STAIES SAV3BCS BONDS.
Table 3.- Salea and Redenptlona of Serlea A-D, B, F, and G by Perloda
(Continued
I
(Dollar ancuDte In mllllonfi)
Salse 1/
Accrued
diecouQt
Salea
plua
accrued
dlacount
Redemptions 2/ i/
Accrued
discount
Salea
price
Amount
outetanding
( In teres tbearlDg debt)
Percent of monthly
redemptions
to amount
outatandlng
Flecal years:
and 1942.,
3,731
8,304
11,938
11,818
7,173
4,824
4,659
5,032
4,887
4,307
60
689
2,100
3,846
5,912
4,391
3,825
3,530
3,521
4,295
688
2,095
3,825
5,843
4,288
3i689
3,368
3,326
3,987
696
818
971
7,144
10,414
12,562
10,175
4,959
4,664
4,920
5,025
4,639
220
1,380
3,005
4,963
5,423
3,930
3,728
3,448
3,912
220
1,379
2,993
4,925
5,330
3,813
3,575
3,274
3,667
105
75
81
448
348
361
448
362
343
422
340
314
26
272
280
22
29
34,493
34,478
34,496
1.30
1.05
1.00
April
May
June
254
247
244
73
327
327
361
324
339 1/
341
296
308
312
28
31
29
34,499
34,486
34,506
.94
80
117
July
191*1
258
267
230
366
344
311
338
324
299
307
291
273
31 P
34 p
26 p
34,534
34,553
34,566
.98
.94
.86
502
760
811
698
440
407
362
545
314
437
3
3
17
53
89
149
203
206
216
199
17
57
248
861
750
786
621
365
396
566
311
503
7
35
77
106
189
203
222
202
223
19
20
18
18
26
24
16
191*3
19ltJt
1945
19W
3,729
8,271
11,820
11,553
6,739
v}K^
vM
1»,287
1*,026
19't9
U,278
1950
1951
3,993
3,272
1
33
118
265
434
536
633
753
895
1,035
60
1
5
20
69
103
136
162
195
307
3,671
11,287
21,125
29,097
30,358
30,791
31,625
33,127
34,494
34,506
Calendar years:
I9IH and 191*2..
19l>3
19M»
7,131*
10,31*4
12,380
9,822
U,U66
4,085
4,224
4,208
3,668
191*5
191*6
191*7
191*8
191*9
1950
Months:
1951 -January...
February.
March
August. . .
September
.
343
10
70
182
353
493
579
108
77
82
2
11
38
93
116
154
174
245
6,923
15,957
25,515
30,727
30,263
30,997
32,188
33,766
34,493
.98
.99
Fiscal years:
1941 and 1942..
1943
1944
1945
1946
1947
1948
1949
1950
1951
502
758
802
679
407
360
301
473
231
347
2
9
19
33
47
61
73
83
90
88
147
197
198
204
185
227
1
3
6
9
12
14
21
499
1,242
1,996
2,6o4
2,895
3,099
3,255
3,584
3,699
3,889
Calendar years:
191*1
and 1942..
1943
1944
1945
1946
1947
1948
1949
1950
Months:
1951-January . .
February .
March
860
745
773
595
325
342
498
233
417
2
4
13
25
40
54
67
78
87
18
17
12
12
6
30
22
18
6
15
5
7
35
77
104
185
196
2U
189
206
1
1
4
7
11
12
17
854
1,569
2,278
2,793
2,969
3,162
3,505
3,615
3,895
3,906
3,909
3,901
.50
.50
.67
9
8
.45
.52
.55
July
August. .
September
.
Footnotes at end of table.
6
14
11
April
May
June
19
18
20
22
20
3,898
3,892
3,889
12
20
14
13
37
25
21
34 P
23 P
19 p
\%
.96
3,853
.53
5
6
19
(Continued on following page)
.64
)
,
Treasury Bulletin
30
.UNITED STACKS SAVINGS BONDS.
Table 3.- Sales and Redemptions of Series A-D, B, F, and G by Periods - (Continued)
(Dollar amounts In millions)
Sales 1/
Accrued
discount
Sales
plus
accrued
discount
Sales
price
Percent of monthly
redemptions
to amount
outstanding
Ajnount
Redomptiona 2/
Accrued
discount
outstanding
( interestbearing debt)
Fiscal years:
19ltl
and 191*2.,
191*5
191*6
,
191*7
,
2,1*27
2,1*27
12
12
2,Ull*
2,759
2,876
2,658
19U3
19W»
2,759
2,876
2,658
55
55
5,119
7,861
10,299
131*
131*
220
220
2,1*65
2,1*65
31*8
31*8
12,1*16
2,561
1,907
2,390
2,561
1,907
2,390
1*69
1*69
1,1*1*9
1,1*1*9
566
619
621
566
619
621
1,523
191*8
191*9
1,523
791*
791*
1U,508
15,850
17,621
18,W*8
19,177
31
89
181
31
89
181
3,669
6,221
8,931
261*
261*
U,186
1*26
1*26
512
512
618
613
682
13,397
15,152
17,108
17,887
1950
1951
Calendar years:
191*1
and
191*1*
,
191*5
191*6
191*7
191*8
191*9
1950
3,701
3,701
2,61*0
191*2.,
191*3
2,61*0
2,891
2,520
2,637
2,267
2,573
1,392
1,990
2,891
2,520
2,637
2,267
2,573
1,392
1,990
115
97
67
115
97
67
66
62
1*7
618
613
682
19,191*
Months:
1951~Januflry. .
February.,
Maz>:h
April
May
June
19,21*3
.31*
19,278
19,270
.32
75
66
62
75
61
67
90
61
67
90
19,256
19,229
19,177
.32
89
75
63
19,132
19,095
19,068
1*15/
38
1.5
1*5
38
38
89
75
36
July
August...,
September,
1*1
38
36
63
Source: Daily Treasury Statement; Office of the Treasurer of the U, S.
1/ Beginning with June 19l*7, Series E sales include unclassified sales
consisting of Series E, F, and G, The amounts are substantially leas
than the sales reported as unclassified in the Daily Treasury Statement,
The greater part of that item consists of sales for which information
Is available as to the series but not the year of issue.
On the basis
of that infornation such sales are included in this table according to
series. Prior to June 191*7, it was possible to distribute by series
all sales reported as UDClaasified In the Dally Treasury Statement.
.39
.35
.1*7
.1*7
.39
.33
Series E redaaptlons Include unclassified Series A-D redemptions beginning with October 191*1*, and also unclassified F and G reden^jtlons,
beginning with June 1947.
Includes both matured and unmatured bonds; see Table 1*.
Sales of Series A-D after April 30, 19l*l, represent adjustznents.
Beglnnlne May 1951, Includes exchanges of matured Series E bonds for
Series G bonds as shown In Table 1*.
Lees than $500,000,
2/
I
Table 4.- Redemptions of Matured and Unmatured Savinse Bonds
(
In millions of dollars
Iftuaatured bonds
Matured bonds 2/
Period 1/
Total
matured
Series
A-D
1950 Calendar year.
5,81*0
98r
6,137
817
779
653
111*
528
560
87
In exchange
for Series G
987
1951 Fiecal year ...
For
cash
llU
87
115
1951-January
February
March
April
May
June
July
August
September
U78
115
68
65
1*76
1*8
51
23
1*82
1*72
1*9
13
390
Source: Dally Treasury Statement.
1/ Breakdown of redemptions between matured and unmatured bonds not araiXable
prior to January 1950.
2/ Of the total amount of redemptions, 75^ representa iBsue price and
It,
583
270
5,320
U,996
321*
539
510
29
1*1*1
1*19
1*1*5
37
1.13
2\
32
30
1*03
lU
25
371*
11*
381*
1*28
1*03
31
39
25
fo
26
1*13
21.
17
53
31*
3/
Accrued
discount
Sales
price
1*,853
38
68
1*37
Total
unmatured
1*33
1*07
38I*
356
335
356
29
25
26
26
21
25^ accrued discount,
i/
•
Includes redemptions not yet classified; see Table
Less than $500,000.
3,
footnote 2.
.
1
. .
• .
. .
.
November 19 1
31
UNITED STATES SAVINGS BONDS.
Table 5.- Sales and Redemptions of Series E and F and G by Denominationa
(In thousands of pieces)
Series F and G combined
Toted, all
denom$ 10 1/
Inatione
$25
$50
$100
as, 088
68,686
32,083
lit, 693
7,803
7,777
$200 2/
$1,000
$500
Total, all
denominations
$25 1/
$100
$1,000
$500
$5,000
$10,000
Fiscal years:
I9UI-U
ltlli,S53
579,568
303,116
165,039
71,356
58,971
1945
lSh6
igkT
igitS
9,223
8,505
2,095
522
209,1*80
1*5,995
112,071
2l*,27l*
1*5,876
36,11*6
10,896
9,901
8,550
19'*9
61.,
576
391.
39,1.00
1950
1951
6U,30U
335
39,150
11,1*25
11,81.1
6lt,299
1
1*1,751
11,786
19lil-l>l.
739,0ltl
106,1*59
172,91.8
62,769
39,219
37,659
37,773
13,757
10,099
21., 551.
11,191
6,322
2,800
2,121
9,1.63
592
291
126
3,1*08
1,1*25
3,326
2,323
1,156
6U9
532
371
1,61*5
2,21.1
2,071.
1.3
1*66
31*5
3,166
1,071
937
970
816
1,571
2,238
1,630
31
385
279
71*7
916
917
1,569
2,322
1,995
1,290
1,378
28
211*
556
26
21
180
119
1.66
73
63
197
1,111.
311
275
193
301
38
11.2
7,655
2,669
1,870
2,223
2,352
U,2l.9
2,807
2,098
1,863
1,529
3,727
978
957
871
629
1.90
U99
115
127
11.5
1,172
1.068
517
65
71.
1.16
57
175
30
25
26
1*
3
3
7
21
2
2
2
86,279
253,078
93,502
3,582
11,381
521*, 977
19l>5
8,218
3,535
2,065
1,311
801
8,651.
7,61.9
1,1.13
1,036
813
1*23
1*50
128
117
128
97
11*8
121*
122
90
81.
Calendar yeare:
19"^
19^7
62,57't
10,089
769
918
803
879
2,981*
1,505
1,607
1,603
61,813
1.35
19'»9
65,118
62,929
371
11*1
10,61.0
7,650
8,2U6
39,572
39,050
11,826
11,660
8,688
8,253
933
1,511*
865
1,257
2,213
1,703
3,587
3,300
3,901
971.
19'<8
1950
8,1.92
1,028
929
1,050
720
600
78
62
llU
171
81.
120
61.2
61.
83
105
751
l*,065
,718
221.
899
W*7
56
36
1*91
31*0
1*20
311.
29
31*3
21.0
27
293
21.
21*2
197
155
71
62
59
2
2
2
17
16
16
51
2
1.6
2
2
15
13
Months;
1951~Jenuary .
Feliruary.
5,698
5,095
March..
5,81.5
..
AprU....
M«y
June . • .
5,W.6
5,527
5,562
3,61.1.
July
AugUBt.
Septemher
5,659
5,980
5,259
3,836
.
.
Inception to date 1,388,126
3,725
3,776
l.,ol*9
3,600
21,076
91.9,613
988
1,002
995
592
592
588
58
58
57
73
70
69
90
80
77
997
1,065
912
600
639
556
61
62
76
79
67
88
86
71
211,180 157,690
5,721
53
21,273 21,573
19
18
11.
83
1.
2
2
1
10
9 P
23
2
2
2 P
1 P
12P
18 p
17 P
S P
8p
2P
IP
IJ.6OP
6,881.P
P
8,290p
p
p
IP
22,260 s
1*1
9
10
126
109
205
15
lU p
1
53
1.5
U
111*
3,1.92
1,072 p 1,362 p
Redemptions
Fiscal yeara:
246
462
600
1,141
1,105
1,115
349
431
877
900
1,004
254
341
600
746
859
284
334
466
1,077
1,069
1,351
1,035
1,088
1,472
925
922
1,032
534
595
975
920
,065
13
15
12
12
24
32
37
17
25
26
39
I]
28
26
36
135
132
230
264
316
20
18
30
34
40
21
25
28
86
36
51
88
113
133
108
186
243
292
144
147
167
316
323
385
151
160
273
283
309
60
63
109
122
143
13
93
27
59
61
83
73
128
227
272
293
312
306
324
407
427
728
800
917
23
41
64
72
81
51*, 81.0
12,623
12,346
14,134
4,821
7,380
13,205
10,713
9,387
8,450
8,155
9,911
179
3,971
5,802
2,897
1,595
1U0,501
135,267
118,862
72,911
59,265
18,110
22,579
23,111
15,295
13,470
8,061
10,174
12,965
9,664
9,086
165
213
273
724
809
1,236
1,077
1,134
76,933
79.176
1,217
835
52,996
53,087
12,284
13,257
8,065
9,081
302
404
1,046
1,220
1,025
1,292
915
977
87
79
305
318
144
158
315
352
38
41
26
29
8,551.
6,71.2
71
57
5,655
4,369
4,230
1,446
1,175
1,112
1,026
849
788
48
144
118
105
165
133
117
81
76
98
6
25
42
40
5
23
30
13
12
30
30
38
4
4
3
3
6
5
4
1,039
1,091
36
36
35
101
104
104
UO
78
89
4
7
6
24
28
26
13
14
14
31
4
4
3
1,U6
736
757
772
1,075
1,029
984
749
711
676
33
104
?8
91
114
105
95
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
672,396 1£8J.73
74,159
191.7
104,127
137,633
192,985
123,725
6,21*7
l*,109
191.1-1*1.
191*5
191.6
87,871.
1,317
Ill, 061
11.5,091*
88,836
65,331
191.8
93,1*38
2,052
191.9
79,61*6
511,809
1950
1951
76,109
82,875
1,369
1,017
701
168,109
173,396
163,115
102,977
85,888
52,101
10,621
16,843
26,344
17,872
14,302
76
189
79
86
Calendar years:
I9I.I-I1I.
I9I.5
191.6
191.7
191*8
191*9
1950
Mentha t
19^1-JenyiaTj
.
February.
March
6,1*1.1
1*9
AprU.
6,11.5
1.7
Ma;...
June..
6,w»
6,617
1.7
4,077
4,297
4,431
July p....
August p.
Septemher p
6,1.33
1.7
4,3U
6,180
5,891
1.1
4,164
3,974
Inception to dates 909,01.2
16,91.0
y
1.7
39
31
31
1,6
8,214
Souics: Based co Dall; Treasury Statemant and reports from Federal Beserre
Banks and Bureau of the Puhllo Debt. Totals by series correspond »lth
the dollar Tolume of sales sal redajxptlons appearing In Tables 1 and 3.
1/ Sale vas authorized June 1944, to armed forces onlj; and discontinued
after March 31, 1950.
2/ Sales began In October 1945.
114
113
n.a.
n.a.
n.a.
n.a.
n.a.
16
33
32
4
n.a.
n.a.
n.a.
18
14
3
5
n.a.
n.a.
n.a.
7,471
3/
4/
p
a.
All derlea F bonda; sale vaa authorized Deceober 1941.
Beginning May 1951 Includes exchanges of aatursd Series S bonds for
Series G boi^a (see Table 4).
Less than 500 pieces,
Preliminary.
Not available
}
Treasury Bulletin
32
TREASURY SAVINOS NOTES.
Treasury tax
£uid
saTlngs notes have been Issued In
June 22,
September 12,
19'+2;
Treasury' for 1942, pages 207
Savings Series C (originally designated
,
appear
^'^
foi*
sales and
1951 •
In the following tables sales and redemptions of
Treasury savings notes are shown at par value. Matured
notes redeemed (either for cash or for tax payment ) are
Included In the figures on redemptions. Matured notes
outstanding are reflected In the Interest-bearing debt
Details concerning terms and conditions for purchase
and redemption and Investment yields of Savlnge Series A
In the June I95I Issue of the "Treasury Bulletin",
page A-1.
<^<^ ^^^-
redemptions by fiscal years and months, see 'Treasury
Bulletin" for February 19t6, pages 1*2 and ^J.
Tax Series C) from Septemberll*, 19U2, througji August 3I I9W;
Savli^s Series D from September l,19lW, through May 1^, 1951;
and Savings Series A beginning on May I5,
Invest-
Issue. For details concerning terma snd conditions,
ment yields, and tax payment or redemption values of
Series A and B, see "Annual Report of the Secretary of the
Tax Series A from August 1, ISlH, through
191*3; Tax Series B from August 1, 13^1, through
five series:
Similar information with respect to Savings Series D
until all notes of the series have matured, when they are
will be found In the October 19^2 and September 1949 Issues,
and with respect to Savings Series C In the October 19^5
transferred to matured debt upon which Interest has ceased.
Table 1.- Summary of Sales and Redemptions by Series, Cumulative through September 30, 1050
(
In millions of dollars
Amount outstanding
Pedamptlons
Sales
Series A (tal series).
Total
Matured
debt
For cash
UOTi/
67 1/
339
182 1/
Series B (tax series).
'•,761
Interest-bearing
debt
1
«
23
Series C
32,1)38 1/
32,lH5
11,026
21,389
Series D
8,631
6,138
2,1*93
3,702
Series A
12,333
lt,n8
7
39
'•,073
Total.
5lt,2l»0
W,lAl
2k
29,021
7,775
of Tai Series A-I9U5 and Series C.
Less than $500,000.
Source: Office of the Troasurer of the U. S.; Dally Treasury Statemant.
1/ Incli^iee exchanges in connection vlth the offering in September 19^*2
Table 2.- Sales and Redemptions, All Series Combined, by Periods
(In mllliona of dollars)
Bedemptions 1/
Amount outstanding
Matured
November
19'jl
33
0WNER3HIP OF FEDERAL SECURITIES,
Table 1.- Distribution of Federal Securities by Claesee of Investors and Types of Issues
(In millions of dollars)
.
.
3
.
5
1
9
3
9
7
6
9
e
3
Treasury Bulletin
3"^
OWNERSHIP OF FEDERAL SECURITIES,
Table 3.- Estimated Ownership of Federal Securities
(Par TaluDS 1/
19U0-June
December.
clal
bankB
2/
Federal
Beeerve
Banko
U. S.
Goverrnnent
Inrestzuent
Ii^lTlduals
^
Mutual
coDLpanles
accounte kj
Insurance
eavlngfl
Saving 3
bonds
banks
18.U
15.9
2.5
6.5
22.7
1.9
8.2
6.3
3.1
2.2
. .
U8.5
50.9
18.6
19.5
16.1
17.3
2.5
2.2
7.1
7.6
22.8
23.9
10.1
10.6
2.6
2.3
7.5
7.8 r
6.5
6.9
3.1
3.2
2.1
2.0
.5
55.3
64.3
21.8
23.7
19.7
2.2
2.3
8.5
9.5
25.0
31.0
11.2
13.6
3.6
7.6
3.2
7.1
8.2
2.0
.6
21.1*
1*.0
.7
5.1*
77.0
..
19l»3-June
28.7
26.0
1*7.3
1*1.1
2.6
6.2
10.6
12.2
37.7
U2.5
53.0
17.3
23.7
13.1*
3.7
10.3
9.2
11.3
19.2
n.7
21*.
32.9
13.1
15.1
11*
.8
17.3
16.7
19.6
9.1
12.9
1.5
2.1
3.1*
7.3
8.3
20.0
3.2
6.1*
21.1*
1*.3
7.1*
22.9
22.0
5.3
.0
9.6
10.7
6.5
3.9
9.5
20.6
19.8
19.9
2U.U
11.1
21*.
U.5
U.8
19.9
17.7
6.7
6.5
6.3
9.1
3.3
3.3
1*5.5
1*6.2
20.7
21*.
19.3
23.9
1*6.9
1*7.1
1*7.6
13.1*
23.1*
13.U
13.2
17.8
7.2
11.5
16.9
67.0
31.7
30.9
37.6
19Wt-June
December...
202.6
232.1
83.3
^6.5
63.U
77.7
11*.
100.2
llU.O
1*6.0
18.8
19.1
21.7
52.9
31.2
36.2
19U5-June
December.
259.1
278.7
106.0
115.0
81*
21.3
21*.
21*.
27.0
53.9
63.9
1*0.7
1*2.9
18.3
21.0
22.7
90.8
128.2
136.6
116.7
108.2
97.9
93.3
23.0
29.1
30.9
135.1
132.6
130.7
U3.3
71*.
22.9
23.8
23.3
63.9
63.2
..
279.8
269.9
259.5
61*.l
l*J*.2
91.9
91.3
70.0
68.7
21.9
22.6
32.8
..
25S.U
257.0
133.7
131.3
66.2
65.5
19U8-March
June
September...
December...
253.1
252 .It
252.7
252.9
86.0
85.9
85.3
85.8
35.0
35.8
36.8
37.3
132.1
130.7
65.1*
I9't9-March
251.7
252.
256.7
257.2
8e.2
256.9
85.3
19l»6-February (Peak)
June
December..
19l*7-June
December..
June
September . .
December....
1950- January
February.,.,
82.1*
8lt.5
85.7
81* .1*
31*. 1*
65.1
20.9
6i*.6
21.1*
62.1*
23.1*
62.5
23.3
60.5
63.0
66.5
66.3
21.7
37.7
131.8
19.3
18.0
18.9
38.3
67.1*
66.1*
65.5
65.3
65.6
130. 1
129. 7
1*3.5
1*7.8
1*3.5
39.1*
132.2
132.8
132.1
66.5
66.9
67.1
66.5
17.8
17.7
17.6
39.0
33.U
37.6
132.7
133.9
135.6
66.7
67.0
66.9
1*9.1*
39-'*
U8.9
1*9.1
1*9.3
256.1*
81*
l^lorch
255.7
82.5
61*
April
May
June
255.
256,
257.
83.0
83.2
83.9
65.2
65.8
65.6
17.8
37.3
135."*
37.1*
18.3
37.3
135.9
135.6
67.1
67.3
67.5
U9.8
17.1*
July
August
82,6
61*.6
13.0
82.1*
61*.
18.1*
81.3
6s .2
19.6
38.0
38.1
38.9
137.0
137.3
136.6
67.6
67.S
67.6
1*9.9
Septeaaber...
257.
257.
257.
October
November ....
December.. .
257.0
257.1
256.7
81.1*
19.3
19.7
20.8
39.0
39.2
39.2
136.5
136.8
67.5
67.6
67.0
1*9.6
81.2
32.6
62.2
61.5
61.8
256.1
256.0
255.0
31.U
80.3
80.8
59.9
58.9
57.9
21.5
21.9
22.9
39.6
39.7
39.9
135.
135.
66.7
66.6
66.2
1*9.5
U9.1*
April
Maj
June
25I..7
31.3
80.5
81.5
58.5
57.9
58.5
22.7
22.5
23.0
39.9
133.6
1*0.3
1*1.0
13lt.3
66.0
65.9
1*9.2
255.1
255.3
132.3
65.8
July
Auguat p.
255.7
256.7
31.9
32.1
53.9
58.9
23.1
23.1
132.7
333.1
65.3
65.8
1951-Jan\iary
February ....
March
^
hj
^
. .
.2
.9
1*1.0
1*1.5
13l*.9
131*.
United Statee aavlnflfl bonds Series A-F, are Included at current
redemption values
Securities issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Troaaury.
Consists of cdoiiercial banks, truat canpaniee, and stock earlj^gs banks
in the IMited States and in Territories and laland possessions.
Figures exclude securities held in trust departznents.
Holdings by Federal land banks are included under "Mlecellaneoua
Investors" instead of "U, S. Government Investanent accounts" beginning
with June 30, 19l*7, since the proprietary interest of the United States
in these banks ended June 26, 19U7.
Includes partnershipc and personal trust acoounta. Nonprofit inatltutions and corporate pension trust funds are included under "Mlecellanooufl
investors"
,
1/
8/
1.1
2.3
16.1*
52.2
59.9
ll*.3
71.5
. .
.9
1.0
.7
.9
5.3
59.1*
.2
1*.9
10.1
.7
.7
6.1
llto.8
170.1
December....
1/
State and KlBcelloceil
laneous
governInveetore
ments 2/
1(7.6
191*2 -June
2/
Corporations 6/
. .
19Ul-June
December. ...
December.
Held by private nonbank lirreetors
Ca
outBtand'
Uig 2/
1939-Deceiiiber.
In blllloDs of dollars)
Held b; banlca
Total
Federal
eecuritiee
End of
month
-
1*9.6
1*9.7
1*9.8
1*9.9
U9.8
1*9.7
U9.6
U9.6
1*9.3
1*9.1
1*9.0
1*9.0
1*9.0
21*
2U.9
15.3
12.1
12.0
12.1
12.0
11.7
11.5
IU.6
13.5
13.9
18.0
18.1
18.0
17.2
21.1
20.5
20.2
20.1
11.6
11.6
11.6
U.l*
17.3
17.3
17.2
20.2
20.2
20.2
17.3
17.5
17.7
20.1
20.0
17.9
18.0
17.9
19.3
19.6
17.9
18.0
17.5
9.8
3.6
13.9
lU.l
22.3
22.0
21.2
l*.l*
11*.
7.8
7.3
7.8
7.9
8.9
9.1
3.9
9.3
15.1
15.1
16.0
16.3
7.9
8.0
8.0
8.0
9.6
10.0
9.9
11.5
11.5
11.6
16.3
17.2
18.1
8.0
8.0
9.5
10.0
10.5
11.6
11.6
11.6
17.7
18.1
13.3
8.1*
8.2
10.5
10.6
10.2
11.5
n.i*
11.2
18.8
19.5
19.5
8.3
3.3
8.2
10.9
10.8
10.7
19.1
18.9
18.6
U.l
19.9
20.2
1?.9
8.1
8.1
7.8
10.7
11.1
10.7
17.3
17.2
16.9
18.5
18.3
17.9
10.3
10.7
10.5
20.3
21.3
7.8
7.9
7.9
11.0
11.1
10.3
16.8
16.8
16.3
17.1*
10.1*
10.3
10.2
21.2
21.8
20.9
7.9
8.0
3.0
10.6
17.3
17.0
15.8
16.8
16.9
16.7
10.2
10.1
21.0
21.7
8.0
8.0
10.9
10.8
19.
19.1*
10.9
10.9
20.8
3.1*
8.3
9.8
u.o
10.9
Kxcluslve of banks and Insurance ccnqtanlsQ.
Conalste of truat, sinking, and lnrestment funds of State and local
governments aM their agencies, and Territories and Island possessions.
Includes sarvlnga and loan associations, nonprofit Institutions,
corporate pension trust funds, dealers and brokers, and Investmonta
of foreign balances and international accounts In tiiis country. Beginning vlth December 19^6, includes Inveetaente by the International
Bank for Reconstruction and Develonaent and the International Monetary
Fund in special noiilntor«et-bearing notes Issued by the U, S. Govomnent.
Prellainazy.
BsTlaed.
-
November 1951
35
.TPEASURT SURVEY OF OWUERSHIP, AIDOST 31, 1951-
The Treasury Survey of Ownership covere seourltlas
Issued by the United States Government and by Federal
agenoloe. The banks and Insurance oompanles Included
In the Survey account for approximately 95 percent of
such securities held by all banks and Insurance oompanlee
Data were first published for
In the United States.
March 3I, \^^\, In the May igltl "Treasury Bulletin".
Section
I
-
Information on the distribution of ownership by types
of banks and Insurance oompanles Is published each month.
Additional Information showing the holdings of commercial
banks distributed according to Federal Reserve member
bank olasses and nonmember banks Is published for June 30
and December 31-
Securities Issued or Guaranteed by the United States Government
Table 1.- Sununary of All Securities
(Par values
Classification
-
In
mUllons of dollars)
;
:
Treasury Bulletin
36
.TREASUBY SURVEY OF OWHEESHIP, AlEOST 31, 1951-
Section I - Securities Issued or Guaranteed by the United States Government
Table 3. - Interest-Bearing Public Marketable Securities by Issues
(Par values
In mlUlonfl of dollars)
-
Held by Inveators corored In Treasury Surrey
Issue
(Tpgc 8tati:D
8/ le shown In parentheees)
Total
amount
outstand-
Banj£s
527
connaerclal
ing
mutual
eavlnga
2/
Treasury bills
Insurance ccEapaziles
1/
7,167
319
life
611 fire,
caaualty,
RTtti
U. S, Government
Inrestzoent
accounts and
Federal Reserve
Held by
all other
Investors
2/
mflrln©
(taxable)
Certificates of Indebtedness
1-7/856 April
l-7/8j6 July
15,012
4,076
103
678
89
659
9,407
(taxable)
( taxable)
9,52"*
5,216
2,676
1,454
30
14
112
65
173
92
3,224
1,657
3,310
1,934
llt,7'*0
1*,130
44
177
264
4,881
5,244
16
65
37
27
5
14
4,243
1,068
1,075
63
25
121
:
1952-A
1952-B
Total certificates of Indebtedness
Treasury notes
1-lA/S October
1-l/hi October
1951-A
1951-F
(taxable)
(taxable)
1,918
5,91*1
786
517
l-lA* Horamber
1951-G
195U-A
1955-A
(taxable)
(taxable)
(taxable)
5,253
',675
5,365
378
3,607
4,297
7
24
32
3,033
245
92
1,747
678
859
1955-B
1956-EA
(taxable)
(taxable)
6,851.
2,560
2
15
1
3,234
1,000
956
IjOOU
31,010
12,148
(taxable)
.(partially)
partially)
7,986
755
1,118
4,633
437
943
126
(taxable)
( taxable)
(taxable)
510
381
497
3,938
1-3/856 March
1-1/256 March
l-i/h<f,
December
1-1/256 April
Total Treasury notes
1
144
384
11,852
6,384
23
234
25
42
755
2
2,216
291
8
14
Treasury bonds
Bank eligible:
September 1951-53
256
September 1951-55.
356
2 -l/k'f, Deoambar 1951-53 .
December
2-1/25S March
June
256
.
. . (
1951-55
1952-5i
2 -1 A56 June
..
1952 -55
256
256
256
1952-5't
l,02l4
5,825
2-1A56 June
2-7/856 March
2-1/256 March
( taxable )
(taxable)
(partially)
1,501
8,662
195'*-56... .(partially)
Decanbar
June
681
2,611
1952-5'i
1953-55
725
1,039
6,225
660
1,1.49
589
1,806
1,156
(partially)
2-3A56 September 1956-59
(taxable)
2-lAi6 September 1956-59
June
1958-63. ...(partially)
2-3A56
982
3,823
919
2-3A?6 December I960-65
2-1/256 September 1967-72
1955-60.
1956-58
..
5
19
83
77
25
109
1
(partially)
(taxable)
99
333
29
136
66
462
1,178
40
188
24
108
298
155
1,817
42
25
60
604
185
38
16
60
1
563
56
33
15
129
150
293
2B3
1,046
2,048
8,244
1,467
467
392
327
2, 160
51*3
555
307
151
577
752
583
245
1,434
565
807
1,295
669
984
1,127
246
353
372
518
1,087
1,37"*
178
127
54
124
1,281
807
111
229
1,416
984
l,4o3
3,285
38
1
15
31
79
30
865
2,992
821
1
42
107
31
59
3
1
1,485
2,716
1,297
2,256
1
16
1»^,772
.(partially)
(taxable)
Total bank eligible
Bank restricted:
9"*
92
133
30,536
615
5,281*
133
183
31
32
2
118
1
69
j/
2-lA;6 June
2-1A56 December
2-1/256 June
1959-62
1959-62
1962-67
(taxable)
(taxable)
(taxable)
2,118
2-1/256 Deoembsr
2-1/256 June
2-1/256 December
I963-68
I96U-69
196U-69
(taxable)
(taxable)
(taxable)
2,831
3,761
3,837
2-1/256 March
1965-70
I966-71
1967-72
1967-72
(taxable)
(taxable)
(taxable)
(taxable)
2-1/2^ March
2-1/256 June
2-1/256 December
Total bank restricted
Total Treasury bonis
Footnotes at end of Section II.
3,1.69
31*
29
153
190
723
923
2,002
70
56
70
'.,076
197
878
478
282
151
36,056
836
7,294
6,611
2,086
5,245
13,985
78,827
31,372
7,909
6,894
3,132
7,293
22,228
5,197
3,1.80
1,027
78
90
(Continued on following page)
November 1951
37
.THKASURy SURVEY OF OWHEPSHIP, AlCDST 31, 1951.
Sectloi)
I
-
Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par valuoe
Issue
(Tax status 8/ is shown in parentheses)
- In mllllonfl
of dollars)
-
(Continued)
Treasury Bulletin
38
.TREASURY SURVEY OF OWKERSHTP, AUGUST 31, 1951.
Section II
-
Interest-Bearing Securltiee Issued by Federal Agencies but
not Guaranteed by the United States Government
(Par value - In milllonfl of dollars)
Issue
(Tal status 8/ Is shown In paranthosoe)
November /95]
39
.
MABKET QUOTATIOHS, SEFTEMHKR 28, 1951-
Current market quotations shovm here are over-thecounter clOBlng 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 In Section I Include all public
marketable securities Issued or guaranteed by the
United States Government except those not regularly
debentiires.
The latter are the only public marketable
Interest-bearing guaranteed securities outstanding.
Section II lists the public marketable securities
Issued by Federal agencies but not guaranteed by the
United States Government. Dally quotations for the
securities listed In Sections
I
and
n
are published
monthly In the Treasury Department statement,
"Prices
The Issues excluded are postal
and Yields of Public Marketable Securities Issued by
savings bonds and Federal Housing Administration
the United states Government and by Federal agencies".
quoted In the market.
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 1.- Treasury Bills (Taxable!
Amount
out{
Hill ions)
Treasury Bulletin
iw
.
Section
I
-
MAKEET QUOTATIONS, SEPTEMBER 28, 1951-
Securities Issued or Guaranteed by the United States Government
Table 3.- Other Taxable Issues (Continued)
November 1951
ki
MAFKET QUOTATIONS,
iJJil'rKMHISt
28, 1951.
Section II - Securities Issued by Federal Agencies but not Guaranteed by the United States Government
Table 2.- Other Issues (Taxable)
Treasury Bulletin
1^2
,
MAKKET QtX)TATI01»S, SEPTEMBER 28, 1951.
YIELDS OF TREASURY SECURITIES, SEPT 28.1951
Based on Mean
'53
PERCEN
1951
•55
57
•59
of Closing Bid
•61
and Ask Quotations
•63
•65
•67
•69
•71
November 1951
^3
YIELDS OF TREASURY AND CORPORATE BONDS.
Table 1.- Average Yields of Long-Term Bonds by Periods
.
Treasury Bulletin
i^k
.YIELDS OF TEEASUEY AND CORPORATE BONDS
*
cn
Q
o
CD
UJ
a:
o
cr
o
o
>cr
(^ «
^
0)
^
UJ
(E CO
UJ
CD
o
(/)
Q
_l
UJ
>-
UJ
<
tr
UJ
^
November 1951
^5
INTERNAL REVENUE COLLECTIONS.
Table
1.
-
Sunmary by Principal Sources
(In thousands of dollars)
Fiscal year
or month
-1/
Treasury Bulletin
1^6
INTERNAL REVENUE COLLECTIONS
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
DOLLARS
Billions
^Fiscal year
Comparison first
2 months fiscal
years 1951 and 1952
DOLLARS"
Billions
26
Income Tax and
Employment Toxes
Individual
24
22
20
la
16
10
"
:
)
^7
November 1951
INTERNAL REVENUE COLLECTIONS.
Table 2.- Detail of Collections by Type of Tax i/
(In thousanda of dollars)
First 2 months of fiscal year
Fiscal year
Typo of tax
1951
1952
(August 1950) (August 1951)
1952
ic, 8511,351
3,177,797
16,1*80,297
3,223,1*19
236,952
15,211
17,296
19,797,883
26,62l*,78S
3, 56**, 1*21*
5,21*9,261
657,l<lil
638,523
110,311*
120,273
U8,785
91,207
2,052
2,008
126,3ltli
MlBc ellaneouB internal revenue :
Capital stock tax k/
15,900,519
579,778
223,135
Total individual income tax and employment taxes
325,79"*
12,310,1(15
Total withheld taxes
9,907,539
51*8,038
UhemployiDe&t insurance
625,058
11,762,377
Individual income tax and amploymgait taxes :
Income tax not vithheld
Withheld taxes:
Income and old-age insurance i/
Railroad retirement
ll*,387,569
7,864,332
Corporation Income and excess profits taxes 2/
886,197
1*36,751*
I*,
758, 531
36,680
1*5,621
1*,
795,211
266
Estate tax
01ft tax
Liquor taxes:
Distilled spirits (Imported, excise)
Distilled spirits (domestic, excise)
Distilled spirits, rectification tax
Wines, cordials, etc. (imported, excise)
Wines, cordials, etc. (domestic, excise)
Dealers in distilled spirits; rectifiers;
of stills (special taxes)
Stamps for distilled spirits intended for
Case stamps for distilled spirits bottled
Container stamps
Floor taxes
Fermented malt liquors
Brevers; dealers in malt liquors (special
1951
1951
1950
172,362
32,1*88
31*6,233
25,751*
187,1*57
30,069
2,600
70,001
38,053
3,738
63,516
7,261
l*,l*58
1*20
1*06
10,520
8,331
9,860
5,990
2
1,295, 5'i9
manufacturers
9,161
5,1*93
9
12
738
11,825
export
in bond
1,090
ll*,921
1
273
3,383
1,736
1
11*1,523
ll*7
5
138,912
U,l*62
2,731*
2,829
2,219,196
2,51*6,807
51.7,721
378,631*
U2,112
220
56
7
1,293,966
7,235
33,870
7,598
7,261.
7,389
35,070
981*
Total liquor taxes
665,009
't,78U
Tobacco taxes:
Cigars (large)
Cigars (email)
Cigarettes (large)
Cigarettes ( rnnftTI
Snuff
Tobacco (chewing and smoking)
Cigarette papers and tubes
Leaf dealer penal ties , etc
Cigarette and cigar floor taxes
12
1*
667, liU
taxes)
1,01*1
1,21*2,81*5
1*1*.
10
7
1
1
235,738
1,251
5,901
156
23lt,96l
1,108
5,617
199
1
1
1
1,328,1*61*
1,380,396
250,656
21*9,157
Bonis, issues of capital stock, deeds of conveyance, etc
Transfers of capital stock and similar interest sales...
Flaying cards
Silver bullion sales or transfers
50,156
23,823
8,573
10,1*77
l.,669
3,352
930
1£3
56,105
28,679
8,222
100
Total stamp taxes
81*, 61*8
93,107
11*,
97,238
569,01*8
16,069
98,595
198,383
121,285
653,363
20,837
120,911
Total tobacco taxes
Stamp taxes
10,51*6
1,516
23
9_
766
11*,
782
Manufactiirere' excise taxes:
Lubricating oiljs
•
Gaaoline
Tires and tubes
Automobile trucks and buses
Other automobiles and motorcycles
Parts and accessories for automobiles
Electrical energy
Electric, gas, and oil appliances
Electric light bulbs and tubes
Radio sets, phono^aphs, components, etc.
Phonograph records
Musical instruments
•
Mechanical refrigerators, air-conditioners, etc. 6/
Matches
Bus inesB and store machines
Photographic apparatus
Sporting goode
Firearms , shelXs , and cartridges
Pistols and revolvers
77,610
526,732
151,795
123,630
1*52,066
88,733
85,701*
80,1*06
Total manufacturers* excise taxes
17,862
1*2,085
•
30,281*
128,187
7,007
10,756
96,319
10,169
5,769
8,865
61., 316
8,875
30,012
39,931
18,969
9,351
18,31*7
15,352
16,620
3,262
B,7S3
1,190
1,267
17,103
1,119
6,889
7,596
2,805
121,996
20,726
^
Footnotes at end of table.
119,1*75
93,181.
1*1,017
1*1*,
1*91
1*6,020
Second month of fiscal year
15,561*
112,587
32,196
20,268
99,51*7
21,1*85
17,1*20
15,522
U,902
11,025
1,221.
1,31.2
12,311
1,008
8,1.1.8
8,661.
17,81*6
2,1*1*1
1*81
762
68
3,809
1,679
291
1.836,053
2.383,677
1*00,210
369.291*
211,817
Treasury Bulletin
hi
INTERNAL REVENUE COLLECTIONS.
Table 2.- Detail of Collections by Type of Tax^- (Continued)
(In thouBanda of dollare)
First 2 months of fiscal year
Fiscal year
Type of tax
1951
1950
1951
Second month of fiscal year
1951
(August 1950)
1952
Miscellaneous Internal revenue (continued):
EetaJlere* excise taxes:
Furs
Jewelry
Luggage
Toilet preparations
'•5,781
57,601*
2,676
3,187
190, aeo
29,1*31
3'*,1*12
12,782
11*,
9U,,995
210,239
82,831
106,339
17,61*6
520
19,154
1*09,128
1*57,013
62,535
71,273
71,188
312,339
80,192
351*, 660
290,320
17,721
61,750
51,925
80,1*16
21*7,281
18,919
228,738
321,193
237,617
9,55'*
9,569
371, 2W*
31*6,1*92
63,181
1,676
61,137
1*1,1*53
1*2,61*6
7,011*
28,71*0
30,120
3,610
20,731
2,232
12,768
77,532
Total retailers* excise taxes.
Miscellaneous taxes:
Sugar Act of 1937
Telephone, telegraph, radio, and cable facllltlee
Local telephone service
Transportation of oil by pipe line
Troneportatlon of persons, etc
Transporatlon of property
Leaaee of safe-deposit boxes
Admissions to theaters, concerts, etc
Admlsslone to cabarets, roof gardene, etc
Club dues and Initiation fees
Bowling alleys, pool tables, etc
Coin operated devices
Adulterated and process or renovated butter, and
filled cheese
Oleomargarine, Including special taxes 2/
Narcotics, Including marihuana and special taxes
Coconut and other vegetable oils processed
•...
National Firearms Act
All other, including repealed taxes not shown separately
3,608
20,171*
2l*,9l*6
381,31*2
3,811*
1*3,585
5,381*
18,877
55,368
4,632
50,
8U
70,665
1,999
63,105
7,984
6,220
2,318
11,628
Total mleceUaneouB internal revenue.
11
35
866
19,088
7
9
1*
1*37
31*7
-208
83
1,720,908
Total miscellaneous taxes.
29,297
867
15,857
1,8U2,598
335,381
377,431
1,602,853
12
2
17
204
3,175
210
3,051
3
8,301*, 892
9,1*33,328
1,723,638
38,957,126
50,l*lt5,686
5,913,120
7,738,310
,
*'*9i,i*a2
>66o,'*09
-887,162
-1,192,838
Total receipts frcm Internal revenue (Daily Treasury Statement),
39,U*8,607
51,106,095
5,025,959
6,545,473
Total Internal revenue collections.
Adjustznent
to Daily Treasury Statement
1,405
1952
(August 1951)
.
.
November 1951
ks
MONETARY STATISTICS.
Table !•- Money In Circulation
(In mllliona of dollare eicept aa noted)
Paper money
End of flBcal
year or month
Total
money In
c Ire Illa-
tion 1/
Total
paper
money
Gold
certlfIcatea
2/
Silver
certlficatee
Treasury
notea
of 1890
United
States
notea
Federal
Eeeerre
notes
Federal
Reaerre
Bank
notea
national
bank
notes
y
1,588
1,651
2,025
2,061
2,061
322
323
317
320
321
18,750
22,867
23,973
23,999
23,600
597
527
126
120
1*61*
111*
1*06
106
99
319
321
318
23,209
22,760
309
39
2,061
2,177
2,092
1*0
2,129
313
ito
2,026
2,051
2,059
303
27,188
27,119
25,518
25,653
25,576
April
Maj
June
27,278
27,519
27,809
25,727
25,951
26,231
39
39
39
2,077
311*
2,091*
316
318
July
27,851
28,155
28,286
26,260
26,553
26,670
39
39
39
2,059
2,057
2,072
51*
28,297
27,903
21,1*38
25,51*1
26,91*5
26,91*2
26,1*82
191*9
27,1*93
26,031*
1*3
1950
1951
27,156
27,809
25,661
26,231
1*1
1950-Decamlier....
27,71*1
26,187
1951-January
February.
March
27,01*8
19'>5
19't6
22,501*
26,71*6
28,21*5
191*7
191*8
igJ*"*
August.
.
. .
. .
.
September p.
End of fiscal
year or montii
52
50
1.8
1*5
1*0
39
2,092
311
310
311*
320
319
353
27I*
93
86
23,1*56
21*3
81
23,363
257
81*
22,811
22,916
251*
83
83
82
22,831*
252
250
22,966
23,173
21*7
21*5
82
82
23,1*56
21*3
81
23,526
23,817
23,923
2l*l
81
80
80
239
237
.
.
9
.
2
1
6
Treasury Bulletin
50
MONETARY STATISTICS.
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amountB In mllliona)
Sold
ighk
I9U5
Ratio of silver
to gold and
silver In
monetary stocks
(in percent)
SUvar
($35 par
fine ounce)
End of flBcal
year or month
($1.29+ per
fine ounce]
21,173.1
20,213.0
20,269.9
21,266.5
23,532.5
1951 -January
February.
March
July
August
September p.
,
3,697.1
lU.O
3,701.9
3,705.0
3,708.9
IU.2
Ik.k
1U.5
3,712.1
3,713.6
3,718.5
lit
21,759.1
21,853.6
22,013.0
AprU
Maj
June
12.9
13.2
21,8o4.9
21,755.7
21,755.9
. .
3,618.3
3,671.5
3,718.5
22,391.7
22,085.9
21,805.6
1950-Dec
llt.8
ll4.2
21,755.9
1950
1951
15.7
3,685.8
3,508.U
3,525.7
3,571.0
22,706.1
19I18
19'»9
3,9'»7.9
2lt,U66.3
2lt,230.7
,
1.$k6
19lt7
3,72'».0
llt.6
3,729.3
3,731.8
l't.5
Source: Circulation Statement of U. S. Money; Dally Treasury Statement for
preliminary figures. For detail of silver monetary stock, see Table h.
p
15.lt
13.2
ll*.6
ll*.5
.6
11*.
lit.
PrellTn1nnry.
Table 3.- Gold Assets and Liabilities of the Treasury
(In mllllonQ of dollars)
Liabilities
End of calendar
year or month
Gold assets
Gold certificates 1/
191*1*
20,618.8
18,1*97.1*
191*5
191*6
20, 061*.
20,529.0
22,753.9
17, 911*.
18,1*30.5
21, 51*1*.
2l>,2l>3.9
23,010.0
191*9
21*, 1*27.1
23,217.9
1950
22,706.1
21,1*97.5
21,200.0
20,391.8
March
22,391.7
22,085.9
21,805.6
April
21, 801*.
May
June
21,755.7
21,755.9
20, 606.2
20,51*7.0
July.
August
Septeaber p.
21,759.1
21,853-6
22,013.0
191*7
191*8
1951- January
February .
, .
Source: Clroxilatlon Statomant of U. S. Money; Dally Treasury Statement for
preliminary figures
2j Comprisee (1) gold certificates held by the public and in Federal Peaerre
Banks; and (2) gold certificate credits in (a) the gold certificate fund -
20, 606.
20,553.3
20,51*3.0
20,650.3
20,813.5
2/
^
p
Gold reserve
against U. S.
notes, etc. 2/
156.0
156.0
156.0
156.0
156.0
Exchange
Stabllllation
Fund i/
1,800.0
1,800.0
1,800.0
Gold In
General Fund
165.1*
19l*.8
1U2.I*
1,053.9
1,077.9
156.0
156.0
1,053.2
1,052.6
156.0
156.0
156.0
1,035.6
1,038.0
156.0
156.0
156.0
1,01*2.6
156.0
156.0
156.0
1,01*3.1*
1,052.7
1,01*6.5
1,060.0
l,0l*7J
1,01*3.1*
Board of Governors, Federal Reserve System, and (b) the redemption
fund - Federal Reserve notes.
Reserve against United States notes and Treasury notes of 1890.
Includes gold In active portion of Exchange Stabilization Fund,
Preliminary.
November 1951
51
MONETARY STATISTICS.
Table 4.- Components of Silver Monetary Stock
(In
End of calendar
year or month
Tn
lU lopa
of dollara)
Treasury Bulletin
52
MONETARY STATISTICS.
Table 6.- Seigniorage on Silver
(Cumulative frcan January 1, 1935
aid of calendar
year or month
"
1^ mllllonfl of dollars}
November 1951
53
EXCHANGE STABILIZATION FUND
Table 1.- Balance Sheet as of June 30, 1950, and June 30, 1061
Treasury Bulletin
5^
EXCHANGE STABILIZATION FUND,
Table 2.- Income and Expense
Classification
Income:
Profits on British starling transactions
January 31, 193'*, through
June 30, 1950
January 31, 193U, through
June 30, 1951
$310,638.09
$310,638.09
351,527.60
351,527.60
Profits on French franc transactions
Profits on gold huUion (including profits from handling charges on gold)
"•2,
579, 013 .09
'*9,385,251.78
Profits on other gold and exchange transactions
1*0,000,000.00
1*0,000,000.00
102,735.27
102,735.27
Profits on sale of silver bullion to Treasury (nationalized)
3,1*73, 362.29
3,'*73,352.29
Profits on Investmenta
1,876,790.55
1,876,790.55
Interes t on investments
7,198,066.89
7,698,066.89
Profits on silver transactions
Miscellaneous profits
861,51*6.93
861,5^6.93
Interest earned on foreign balaiices
2,817,573.61
2,81*9,683.19
Interest earned on Chinese yuan
1,975,317.07
1,975,317.07
101,51*6,571.39
108, 881*, 919. 66
6,3'*0,336.99
7,1*62,286.98
Travel
33'*,61*1.51
392,969.30
Transportation of things
627,369.27
65l*,ll*7.75
Coaanunlcations
521,91*3.66
539,1*22.99
Total Income
Erpense:
Personal services
Supplies and materials
79,512.17
88,926.1*0
Other
l,nlt,113.73
1,186,321.20
Total expense
9,007,917.33
10,32l*,07l*.56
92, 538,651*. 06
98,560,81*5.10
Net Incoms
.
November 1951
55
-CAPITAL MOVEMENTS,
Data relating to oltlms on foreigners and liabilities to foreigners,
the data for January I95O.
Attention is called to the
fact that although the grand total figures on the revised
since 1935, pursuant to Executive Order 656O of January I5,
reporting basis are reasonably comparable with those for
preceding months, data for Individual countries in some
and Treasury regulations thereunder.
Information
covering the principal types of data and the principal
Instances are not comparable because of certain changes In
coverage and geographical classification.
and capital movements between the
United 3tates and foreign countries, have been collected
1934,
countries Is reported each month by banks and bankers and
securities brokers and dealers In the United States. This
The supplementary information, contained in Section IV,
Information Is published regularly In the "Treasury
is presented In three tables appearing at different times.
Bulletin".
Table 1 gives data by countries on short-term claims on and
Supplementary Information Is published at less
frequent Intervals.
All reports are made Initially to the
liabilities to foreigners as reported quarterly by exporters,
Federal Reserve Banks, «falch forward consolidated figures
to the Treasury.
United States. This Information was published for the first
importers, and industrial and commercial concerns in the
time in the October I949 issue of the "Treasury Bulletin"
The term "foreigners' as used In these reports covers
all Institutions and Individuals (Including United
and begins with data for September 30, 19'+6.
Table 2
supplies information by countries on long-term claims on
States
citizens) domiciled outside the United States, as well as
international organizations, wherever domiciled, created by
and liabilities to foreigners as reported by banks and
treaty or convention between sovereign states. "Short-term"
first time in the December 19*^9 issue.
refers to original maturities of one year or less, and
"long-term" refera to all other maturities. A detailed
end of the calendar year beginning with 1942.
discussion of the reporting coverage,
banksrs In the United States.
This table appeared for the
Data are for the
Table 3
gives information on short-term liabilities to countries
basis of reporting,
not regularly reported separately by banke and bankers.
and derivation of capital movements figures appeared In
This table appeared for the first time in the April I95O
the April 1950 issue of the "Treasury Bulletin', pages 5O-52.
issue. The data have been requested at Irregular intervals,
Revised report forms and regulations became effective with
the earliest date being October
Section
I
-
19'*3-
Historical Summary
Table 1.- Net Capital Movement between the United States and Foreign Countries
(In thousands of dollars; negative figures Indicate a net outflow of capital from the United States)
Analysis of net capital movement in:
Calendar year or month
net capital
Short-term
banking funds
QoreiDant
WSS-lH
Brokerage
balances
Transactions
In domestic
securities
3,770,92s
100,870
626,731
19'*2
19l»3
626,121
1,286,893
583,373
1,168,058
1*6,599
19IA
li6l,35lt
11*8,591*
3,513
13,372
8,529
27,767
210,735
W"!?
l.OTlt.ST?
1,216,303
17,791*
-n3,105
igW
-793,321*
33l*,l63
-733,909
225,1*17
531,777
191*9
19l*,l*58
-89,055
-192,215
75,203
1950
1,761,61*0
90,81*5
95l*,605
9,661
-11,318
-19,313
610
7,992
19U7
19U8
395,521*
1/
1951-Januar7.
February.
March . .
-50,81*7
-58,1*53
-1*9,772
-327,159
-1*3,223
-32,71*3
-1,257
2,711
-2,269
April....
Maj
June
28,527
-100,626
-35,l6l
-28,601*
-1*,835
-66,965
272,550
-l*,l*99
11,113
July p. .
August p.
-127,073
-107,301
209,859
-116
-2,003
.
1/
See Table 2, footnote 1.
27,61*6
p
Frelljnlnary.
-33lt,203
'Transactions
In foreign
securities
855,51*8
-7,361*
77,696
93,1*96
-1*6,617
265,3^7
39,012
-9l.,832
27,800
91*11,1*30
-11*5,387
&9
-260
-11,273
77,
-6,668
31,1*68
-1*6,228
93,851
11*, 791
-285,2^2
-31,385
-35,228
15,572
-5,213
-17l*,997
-1*3,953
-33,582
Treasury Bulletin
56
CAPITAL MOVEMENTS.
Section I - Historical Sumnary
Table 2.- Short-Term Claims on and Liabilities to Foreigners
(Position at eni of period in thousandB of dollars)
End of calendar
year or month
November 1951
57
.CAPITAL MOVEMENTS.
Section I - Historical Sunasary
Table 4.- Purchases and Sales of Long-Tera Domestic Securities by Foreigners
(In tbousaz^B of dollars; negatlTO fifiuree Indicate a net outflow of capital frcan the United States)
Calendar year
or month
Treasury Bulletin
5(5
CAPITAL MOVEMENTS
Section II - Sumnary by Countries
Table 1.- Net Movement of Capital and of Short-Term Banking Funds
1/
BsglimlDg Maroh 1947, IsoludoB traagaotlona In aocounta opansd bj
occupation authorltlvs for foral^n trade pui-poaea.
p
Prel1w1nfiTy.
.
. .
59
November 1951
CAPITAL MOVEMENTS
Section II - Sunmary by Countries
2.- Net Movement in Brokerage Balances and Long-Term Security Transactions by Foreigners
Table
(In ttaousaDdB of dollare; nogatlTs fl^uros Indicate a net outflow of capital frcnn tho Unltod Statee or net salee by forqlgpara)
Morement In brokea:'age balances
Country
Transaotloag In long-tarm aeciarltles, domestic and forel^sn
1951
1951
AprU
J'^
May
P
August p
-131
-157
July p
JtaL
ATirU
AUffUSt p
Europe:
25
Austria
Belgium
573
-9
121
98
Ik?
-152
-1
-319
-ai
-1*67
211
131
396
5
5I1O
-790
50,130
-91
26
-13
-It
26
1,115
8
-32
-1
-35"*
U9
288
-617
3,159
73
813
27
-76
65
130
k9
152
-130
-79
Horvay
Poland
Portugal
13
-52
10
-62
-32
6
155
1,152
U
Spain
-96
-8,389
lU
-4,735
-4,278
106
-3
77
-14
I136
338
1
l^t
-111
1
1,521
15
16
382
-35,597
-14,257
85
-5,937
-2,072
-3
-6
9
3lt
16I1
711
-5,859
579
2
9
-192
-3,386
2,038
925
-29,000
-1
-76
2
-9
-22
-10
-286
-86
-119
Wt
150
111
7,225
59
-662
-607
-338
-107
8,797
66
-136
It, 539
-39
156
6,527
1,024
7,426
113
1,0U6
-6
-286
16,534
United Elngdcm.
Tugoelarla
Other Europe...
-613
-1,53't
1
-119
-1
-12
118
-521
1
-190
Total £urope...
-3,10g
-2,39't
9,209
-391
-20lt
86
-23
-It,
E
208
185
-7,285
1,002
-503
2,529
1
2,519
D. S. S.
16
1
-206
-2,680
-1,607
-322
-8
308
5
-1
-57
Risuanla
Svedeo
Switzerland....
903
-5
67
1
Finland. .......
-25ll
-It
-3
C£eolio6lOTa]cla,
DetxBark. .......
Trance.........
Geimany
Greece
Italy
Betharlands ....
5
-203
6,li23
-5
-56
IW
1,635
302
-572
I160
-4,840
155
115
-47,823
-9,178
-20,884
2,781
-957
-"13,965
-1911,031
-8,919
-150,732
-6
-Ikk
58
178
-630
27
U6
180
-5
-2
-1*
-220
-27
-218
-2
77
-Jl,9ll2
-13,
-71
1
Latin Anerloat
35
109
2,002
720
Chile
Colcohla
-125
-27
103
-28
378
1,527
8S
-II17
31*8
3I19
It
2,5110
-162
-111
lt8
196
96
113
-86
-140
30
187
148
-136
Cuba
-718
36
-It2ll
92
3I18
-262
-16
-53
30
270
-357
lt5
Guatemala
Mexico
Retharlands West Indies
wm^ Surinam. ........
-73
-29
119
-391*
-2lt3
218
93I1
87"*
387
79
88
150
-373
Dcsnlnlcan Republic.
269
506
16
67
153
117
-:i23
-15
25
2,359
-99
191*
-102
Bepiibllc of Panama...
2U3
EL Salvador
Uruguay
Venezuela
Other Latin Aoerlca..
-k
1,907
-2,079
-8U8
-8
-2,3W»
1,367
-232
1,022
59
127
-20
68
-gUJt
-^
192
-2,Ut3
91
kl
-1,313
301
-138
Argentina....
Bolivia
BrazU
Peru
Total Latin Aiaarlca.
-11
-28
-590
-3U
23
3lt
29I1
36
-446
130
llO
-122
-1,323
-l,3lt2
1
-9
369
2
-33
-10,li92
-338
1,296
1,058
-lt73
-95
-13
-153
-22't
1,266
-518
160
375
285
2,379
-501
3M1
2,055
6,971
-6,762
5,328
-2,740
-30
-11
-350
lU
58
38
277
-67
-2
-9
12
87
118
1,526
1,041
-3
7
590
568
-It
36
-806
-51
-2
Asia;
China Majnland ^^,
Fonaosa
fiui% Eong
India
Indonesia
-W
71*6
-277
-It
-3
3
-li
Iran
Israel
Japan
Philippines
Thailand....
-1
6
Ik
-21
-3
2
-153
ISrriiey
-10
-20
13
-918
Other Asia.
-3
ll2
-163
-1
1
1,658
-53
-80
-508
16
3
332
176
111, 998
-li
-2
6
-10
-330
1
-10,282
123
-U2
12
38
-10,03U
-28
I16
-8,155
18
-2,585
2
4
-963
53
2
101
-19
1,576
28
87_
28
-22
132
909
21
-39
108
-17
1
-U6
21
13
6
-1
2
lit
3
UP
-7
t5
121
-420
687
5,805
-8,585
-6,0ii8
-173
213
99
860
-6
60
78
181
128
19
35^
-19
-35
-86
155
2,216
J178
-19
-81
17
153
121
2
-36
-65
-lU
-139
22
K
_^2L
125
85
11
-883
Other oountrlee:
Australia. ............
Belgian Coi^o
Kgypt and AngloXgyptlan Sudan.
Unlcn of South Aftlca.
Other
Total (Tther coun1a*loe.
-18
83
71
-57
-36
-661
-22
9
90
21
556
382
ttk
551
322
-6l6
309
359
p
Prallnlnary.
-»,''99
11,113
-U6
-2,003
96
-11
33
-315
61,966
35^
318
2,227
J_
Inteniatlooal.
Grand total.
-224
2,861i
-1,157
-29,162
-318,8211
-19,656
-180,210
•
.
Treasury BuUftin
60
CAPITAL MOVEMENTS.
Section II
- Suniuiry
by Countries
Table 3.- Short-Tera Clalas on and Llablllttea to Forelgnera
(Position at and of month In thouaoxhds of doUare)
ClaliDfl
Couati7
on forel^nars
Llabllltlee to forelgnsra
1951
1951
AprU
Buropci
AuBtrla
Sslelim
CxoohoaloraJda
August p
Jal7 p
Itoj
April
42,370
122,250
3,151
47,762
22,104
It
Denmar]]:
Flnlaal
•
Franco
•
33
20
199
21,887
272
6,695
3,261
19,700
18,767
179
6,182
6,197
I8,7't8
15,Olt8
13
't3
125
5,055
'•,135
'•,966
6,259
25,928
91
35,155
7,'t06
8,158
25,868
111
29,336
192,971
266,401
35,751
299,123
3, '•31
13,287
26,386
151
18,005
3,809
2,082
1,979
23
7,332
6,305
It,
NetbarlaDdB
li,l6l
6,962
25,893
82
55,121
3,896
Norvaj-
1,810
2,327
Folanl
Fortugal
Pumanla. .............
Spain
1*1
ItO
'•3
5't
l,3it0
1,321
960
U
6,982
3
13,62't
't
23,509
Swod«D
3,597
8, n't
7, 'tis
7,823
lt,B50
aw
11,019
10,535
10,7lt4
1
28
110,213
1,702
103,68lt
lt,68-
'•.65't
8,123
170
86,99a
1,503
5,047
21l2,606
272,380
2116,778
117,634
U7,857
9,'t55
Svittearland
U. S. S. B
10,
52
United Eli«dCB
U0,673
^I\ieoeIaTla
Otheff Europo
It,
Total Europo
Canada. .•••.•.•••••.••
156
9»,bl7
226
It, 288
25,350
93
52,668
3,503
2,260
43,855
122,285
3,096
44,734
22,513
191,934
303,591
37,996
289,810
133,442
246,325
357,472
38,606
276,027
134,777
213,266
403,643
38,181
289,447
13^,007
62,176
3,829
43,966
6,076
16,306
60,496
3,261
45,637
65,483
92,766
99,369
509,346
5,9't2
18,253
10,898
6,289
BrazU
CUla
80,Wl
ColODbla. *••••• •••••..
Cuba
DcDlnloan fiopubllc...
^uat4nala. •.•••*•••••*
Hazlco
BatharlandB Uset Indlas
9,579
51,593
9,869
6,697
85,282
9,971
5^,962
ltJ»,191
'tO,3't8
1,839
2,692
58,517
2,071
2,797
56,'tl8
219,233
2,627,360
2,606,301
2,724,385
,658,418
119,838
102,269
811,564
818,052
964,435
931,839
9,988
9,125
347,456
353,193
19,698
241,705
76,574
66,189
3l»3,665
8,091
95,157
12,855
10lt,877
9,253
8,158
112,091
12,268
15,lt69
lt8,036
'•5,237
'•2,657
38,827
2,022
2,638
58,6Ul
50,6't8
'tl,966
1,998
2,678
60,389
1,770
2,970
309,834
46,349
30,767
68,5'Mt
U5,8l5
327,879
48,667
29,161
109,871
19,3'^'t
248,067
79,912
66,640
24,691
212,427
69,908
58,142
1,356
1,585
1,373
1,398
1,220
28,794
25,608
24,987
13,li68
2,72lt
11,107
2,580
3,828
9,896
63,651
12,175
2,610
111,438
11,322
80,498
14,657
58,174
51,892
46,281
82,123
80,349
93,496
57,906
53,936
46,781
74,417
87,160
95,247
5'^,331
llt,llt't
12,607
2,520
3,OU6
10,399
67,059
13,900
Total Latin AnsrlGa. ..
37'»,027
371,501
386,626
't0't,106
429,463
1,705,793
1,713,992
l,6r2,853
2,703
7,503
3,038
14,649
242
47,404
31,911
64,769
58,971
126,733
46,232
32,282
61,120
73,028
124,155
43,306
80,164
135,760
l'»,006
3,7'^2
6,613
24,009
7,886
22,735
4,416
27,386
17,241
376,627
404,463
57,638
25,795
22,681
343,781
414,500
63,784
26,555
19,667
342,801
403,651
65,907
838
'•,103
58,104
50,590
74,641
75.610
93,195
Aalai
2,1»57
2,'t37
Fomoaa
5,962
'1,219
5,9't3
lt,368
2,387
5,915
3,127
Z,Tk9
5,513
Hong Kboe
li^la
Indcoaala
18,387
212
17,'t63
15,7''3
289
igi^
13,266
263
Japan
FblllpplnM.
Thallanl...,
7,892
25,672
6,758
6,501
3,996
7,876
29,391
8,167
20,209
9,896
6,7't7
9,lt85
3,821
3,n6
Turlcaj
Ottaar Alia..
1,525
11-561
755
16.561
gg.7T5
805
25.107
'•6,337
20,599
152,217
18,204
156,599
12,287
171,180
95,l'v2
103,818
100,865
109,063
140,969
1,386,009
1,387,221
1,399,086
"•1,515
'•1,835
5,808
36,393
7,Ok8
32,363
7,260
30,920
7,736
I8,3't3
5,190
51,411
19,906
51,648
26,210
55,047
277
6,113
6.599
301
8,565
6,236
378
791
9,368
6,806
536
9,316
8,366
105,584
9,507
67,076
105,139
16,181
65,632
89,358
16,770
65,866
China Mainland
•
Iran
IcrMl
Othor oountrlea:
AuBtralla
'Belgian Cox^o
EgTpt and AngloXgTptlan Sudan
ItaloD of South Africa,
Otbar
Total othar countries.
7,'^28
590
9,l»ii9
6,609
'•,321
7,105
21,077
11,109
56.B74
59.69'»
j
889,105
913,312
937,605
936,373
948,808
35,87'^
6l,93'^
253 .251
Intamational
Orasd total.
3,59"^
42,915
6.020
15,829
629,107
6,503
51,808
13,772
2,793
3,387
7,782
65,890
ia,988
56,90'i
26,320
52,'^31
1,711
•>•••••
3,257
U,00l»
'•1,530
94,465
493,710
4,668
550.311
4,159
48,006
"•,973
Peru
Ropubllo of FanaoB. . .
£1 SalTi^or
Uruguay
7on«Kuola
Othor Latin Amarioa...
»nA 3to*lnani»
127,608
3,360
2,375
629,505
9,160
48,750
'•93,242
Latin /narloa:
ArgantlUA
Bolivia
43,89't
.Ul,6o4
£,870
•7,956
22,217
92,817
502,467
2,316
673,601
6,445
't
20,169
Xtsljr
Juij p
57,348
3,962
46,786
6,166
19,172
981
X/
Graaoo
JTUOQ
131,'t34
ItO
669
9
2,009
Cronnany
•
Koj
1,625,560
1,648,282
8,408,207
3,662,292
Atiguat p
November 1951
61
CAPITAL MOVEMENTS
Section II
-
Sunnary by Oountrles
Table 4.- Foreign Debit and Credit Balances in Brokerage Accoimts
(Foaltlon at end of month in t^ousandB of dollan)
Ccnmtry
Treasury Bulletin
62
CAPITAL MOVEMENTS,
Section III - Details for Month of June 1051
Table 1.- Short-Term Claims on Foreigners
^
March I9I.7, lAoludea balances In aaoounta opened by occupation
author! tlea for foreign trade purposee.
ficgiimljig
November 1951
63
CAPITAL MOVEMENTS
Section III - Details for Month of June 1051
Table 2.-^ Short-Tern Liabilities to Foreigners
Treasury Bulletin
61*
CAPITAL MOVEMENTS
Section III - Details for Month of June 1051
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners
65
November 1951
.CAPITAL MOVEMENTS.
Section III A - Preliminary Details for Month of August 1051
Table 1.- Short-Term Claims on Foreigners
(Position at end of mont^ In thousands of dollars)
Country
Treasury Bulletin
66
CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of August 1051
Table 2.- Short-Tera Liabilities to Foreigners
(PoeltiOD at end of month In thousanda of dollars)
Ccnmtrj
)
November
67
19 51
CAPITAL MOVEMENTS
Section III A
-
Preliminary Details for Month of August 1051
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners
(
Country
In thouaande of dollArs
Treasury Bulletin
6S
CORPOPATIONS AND CERTAIN OTHER BUSINESS-TTPE ACTIVITIES.
Data relating to oorporatlons In whloh the Dnlted
Treasury Statement', which oontalna greater detail than the
States OoTernment hat a proprietary interest, direct os
indirect, and to certain other busineee-type aotiTitiea
reports of the agencies, adjusted by the Treasury Depart-
of the United States Oovsrnment are presented in a series
ment.
of four tables.
presented in this issue of the "Treasury Bulletin', and
Table 1 gives a summary of loans outstanding, Table 2, balance sheet data, Table 3. income
and expense, and Table
Tables
1
and
2
l^,
source and application of funds.
summaries presented here.
Tablee 3 '^^ ^ ^re compiled from
The latest available loan and balance sheet data are
Tables 3 ^^^ '^
eequent issue.
fc
^^* same
dAtt
vlll appear in a eub-
are compiled from the mid-month 'Dally
Table 1.- Oonparlson of Gross Loans Outstanding, Bzclndlng Interagency Loans,
June 30. 1960 - June 30, 1051
(In Killloiia of dolUr*)
By typo of loan
;
7
.,
:
8
)
8
6
November 1951
69
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 2,^ Balance Sheets as of June 30, 1051
(
In mUlions of doUare
Corporatlans
Graz^
total
Assets
Cash on h'gn^ and In ban}cs l/, •••..•.•,•,,,..•••
Cash with U. S, Treasury 1/.
Ceposlte vlth other Gorernment corporations and
agencies
«
Loans reoelrahle:
Interagency
Others, leas reserrea
Accounts and other reoelraljlesi
Interagency
Others, lass reserves
CcBmnodltles, supplies, and materials, leas
reserves
Im-aslaiLants
Total
corporations
77.9
571.2
75.1
261.0
159.2
7,367.8
Commodity
Credit
Corporatlaa
ErportInqport
Bank of
Waahlngton
Federal
Deposit
Xnaurance
Corporation
16.8
7.6
.3
.2
1.2
11.1*
1.1
2.6
Federal
Farm
Mortgage
Corporation
Federal
heme
loan
Federal
Inter-
mediate
credit
banlcB
159.2
9,091.3
13,503.6
for
cooperatlvea
Banlcfi
I1OO.3
1,718.9
1,539.1
2, 18*.
1,917.6
310.0
115.6
517.6
18.6
8.8
23.8
61(.3
i7U.lt
3.1
2.5
31*9.02/
816.2
"10.5
75"*.!
*
«
23.8
87.9
276.9
31*.
2,31*.1*.3/J*/
11*.
1,31*9.9
.1
2.7
6.5
21*5.6
1.0
3.5
1*6.2
.1
i
Public debt obligations of the Iftilted States .
Secin:ltles of GcnrezTmient corporatlans wn<^
agencies
Others, less reserves
Land, struotmree, and equlpuent, less reserves..
Acquired securli^ or collateral, less reserves..
All other assets, less reserves
,
2,999.2
U7.0
1*5.1*
1*3.3
1.1
88.5
1,897.6
179.6
3,1*73.9
1,338.3
.1
*
2.2
100.6
2.9
17.6
.2
.2
13,950.2
377.0
2,217.3
73.8
196.3
21.8
159.9
203.6
266.1
9.0
12.2
6,380.9
1,569.0
l*,l*09.1
2,555.0
1.9
1,378.1
.3
61.1*
10,628.1
8,257.0
123.1
2,692.9
1,096.0
1,705.1
1,705.1
239.8
1.3
752.9
788.7
760.9
81.3
21*7.7
.3
5.6
1*0.5
29.1
1,378.1
U51.6
.1
l*.9
1,039.6
1,568.9
862.5
.1
.1
^
1,092.3
.1*
55.2
26l>.8
28lf.5
.2
2,350.8
38.9
11.3
3'»,79a.6
Total assets
»
5^3.9
2lt.3
1,000.0
1,31*7.0
Uabilltles;
Accounts and other payableat
Interaganoy
Others
Trust and deposit llabilltlesi
,
Interageaxcy
Others
Bonds, debentures, and not«fl pejrablei
TJ.
,
,
^
S. Treasiory
,
Other Interagency
Others
Guaranteed by United States
Not guaranteed by United States
All other llabHitles
,
,
,
Total liabilities
,
Capital I
Obi ted States interest:
Capital stock
•
Fald-ln surplus
Expended approprlatioos
Earned surplus, or deficit (-)
Total
Iftilted
..,
,
,
,
States interest
Private interest:
Capital stock
Earned surplus
,
.•...«
,
Total private interest
Total liabilities and capital
Ccntlagant liabilitiea
Analysis of laves-taMnt of Ifaited States;
Paid-in capital and expanded appropriations......
Treasury loans to Govemmant corporations and
agencies 2/
•
•••
<
«.•
,
Inveetaoant of the United States
Earned surplus, or deficit (-), U. S. share
,
,
Book value of l&iltad States Interest, including
interagency Iteots
Interagflsicy Items • net sauounts due to, or
,
flMa
Goraminant corparatlons
GoTenmdnt agenoles reportijig
Oorenment ogenclee not requixwl to report.....
InteragaDcy proprietary Intereata
, .
Total InteraeeDcy Itans, exolodlug 'Treasury
loans to Gorenaaant corporatlans and agencies.
Book value of Iblted Stat.s interest, after
excluslOQ of Intaragflncy Itena
FootzloteG at end of table.
.6
g/
56.3
i*/
101.1*
103.1
178.5
100.0
-1,266.5
1,217.9
1,277.7
53.9
-575.6
251*.
5,376.2
232.1*
-1.75.6
1,251*.
1,21*3.8
278.8
36.2
278.8
36.2
1.2
1,21*3.8
23,81*9.5
1,177.1*
22,233.1*
10.0 6/
1,177.1*
37.7
J/
37.7
16.5 8/
5.0
315.0
21.5
2l*,l6'*.5
5,693.2
253.9
-1*75.6
l,25l*.8
1,21*3.8
3l*,79a.6
,
loaixs jfl/
.2
315.0
Total capital
Subtotal
Less total Treasury
»
1.5
13,950.2
377.0
2,217.3
2,350.8
1,31*7.0
37.7
10.0
60.0
1.2
:
Treasury Bulletin
70
C0W0RATI0N3 AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIESTable 2«- Balance Sheets as of June 30, 1051 - lOontinued)
(in mlUloDs of dollars)
CorporatloQB
Federal
National
Mortgage
AsBoclatiaa
Federal
SarlngB
and Loan
XnBurance
Corporation
ProductlQQ
credit
oorporatlona
Puhllc
Houalng
Administration
1^
^
Cash on hwt^ qq^
baoJu
Caah vlth U. 3. Troasury\y.:
Dopoalta vlth other SoTemaeat corporatioDS and
aeonclea
Loans r«celTahlo:
Intaragenc7
Others , leea reaerrea
Aooounta and other recelTablaa:
Interagency
,.,,,
Othera , leae reaarrea
CoBDodltlea, euppllea, and natarlala, leaa
reaerroe
It
.2
.2
-
(Continued)
BeconBtructlon Finance Corporation 13/
£zcluslTe of
Assets held
Defense
aoseta held
for the U. S. Production
for the
TreasuTT- 1ft/ Act of 1950
U. 3. Treasury
1.9
9.9
2.1
153.3
1*6.1
75't.l
7.3
1,578.9
ih.O
6.2
6.1.
.1*
3.7
2.0
39.3
160.1
,
Xnreatanante
Public debt obligations of the United Statee..
Securities of Gorernmant corporations and
agencies
,
Others , leaa roaerree
Land^ atructurea, and equipment, lees reaerres..
Acquired security or collateral, leaa reeerrss.,
All other aaseta, leaa reserrea
Total aaseta
1.2
1.0
72.7
12.7
200.9
.2
6.1*
.2
1,598.7
206.5
13.8
1.3
55.7
660.0
1.9
LlabUttleel
Accounts and other payablaal
Interagency
Others
Truat and depoalt llabllltleal
Interagenoy
Others
fioDde, debenturea, and notea paj&blel
U. S. Treaaury
Other Interagency
Others:
Guarenteed by IMlted Stataa
Not guaranteed by Oil tad Statea
All other llaillltlea
^
1*89.0
1,528.0
.5
l*.9
8.1
1,^3.6
Total liabilities
6.8
1*97.7
Capital:
anted States interest:
Capital etock
Paid-in aurplua
Expanded appropriations
Earned surplus, or deficit {-).
20.0
1.0
Tat<a anted Statea Intareat...
55.0
...
100.0 16/
39.2
99.8 il/
16.2
-91.0
55. »
162
55.0
199.8
55.'t
1,598.7
206.5
55.7
.0
PrlTate Interest:
Capital etook
Earned aurplua
Total prlTsta Interaat
Total capital
Total llabllltlea and capital
1.0
160.8
91.5
199.8
31*
.9
32.lt
3.0
588.7
3.1*
888.5
952.9
Tanoesaee
Valley
Authority
Other
November 1951
71
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 2.- Balance Sheets as of June 30, 1951
(In millions of dollare)
(Continued)
.
Treasury Bulletin
72
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIESFootnotes to Table 2
X/
g/
^
j^
2/
^
2/
^
2/
jff/
11/
12/
13/
lU/
^2/
16/
uaezp«Dd«d bal«ac*« of appropziAtcd rands.
IooXud«« 1^.3 mllllOD gaamt««d Iobdm hmlA b/ loDdlag aeaoolM.
Includ«« $7.0 alUlon paz-tlclpatlcn b7 oUi«r a^voclAa In lo«na of
Xxport-I^ort Bank of Vuhlogtoo.
InolndLM 4Mi.Si alLLlcxi <!;u&rttDt««il Iooeui h*!! bj londljae aflaDclaa.
laeloAa* note* for nharX^XMrm borrovljaga.
Tha final repoTBoot of all capital atook bald b7 Um U. 3. 'loT«nB«it
vaa coTarad into laoaHaaaoufl raoalpta of tba U. 9. Traaavrj on
Julj 2, r/^X, p«ra««nt to act of Jtma 27, 1950 (61* 3t«t. 257).
da aurploa Im not sralLabla by lev for dlTldcBod dlatrlbutlon anl la
cooaldarad b/ tha Corporation a« a raaarra for fotora dapoalt inauranoa loaaaa and rolatad axpanaaa vith raapact to inaured banks.
Xnoludaa $.1 aIHIod dapoalta to "Ouaranty Fuod"
Aa abovn abora aa a llabUltj of aacb corporatlcn or aganc/.
Aa ehovD aa an aaaat of tha U. 3. Traaaury uadar "Othar^ bualnaaatTpa actlTltlaa (aaa footsota 23).
Bapraaanta A.f.C. and A^lculttxr&l Markatine Act BaTOlrln^ Tvoi.
proprletarj Intaraata In lorarmant oorporatlooa
Itapraaanta actlTltlea lAdar Unltad Stataa Houaln^ Aot, aa asMidad.
War houalng and otiiar oparationa of tha Adalnlatratlon aro ahom
oQdar "Caz-t&ln othar boolnaaa-txpa actlrltlaa".
Includaa marg/o^ var afflllataa; axoludaa War Iwaa^a Corporation (in
liquldatloD), vtaloh la Includad undar "Othar^ oorporatlooa.
Bapraatnta aaaata hald for tba Traaany In accordance vlth prorlalona
of act of Juoa 30, 19^6 (62 Btat. 1X87-1138) vblota prorldad for
oaikcallatloQ of B.7.C. i^taa In tha aaotmt of $9,313.7 Blllloa, plua
Intaraat aocrxiad tbaraoo eubeaquoot to Juna 30, 191*7, rapraaantlng
mxraccnrarad coata to tha Corporation aa of Jma 30, 19li7,ln Ita
natlaoal dafanaa, var and recooraralon actlTitiaa, and atipulatad
that ao7 aaounta raccrrarad by tba Corporation vlth raapaot to thaaa
actlTltlaa atibaaqxiant to Juna 30, 19^*7, abould, after deduction of
related ezp«naaa, be dapoalted In tha U. 3. Traaaury aa alacellanaoua
racelpta.
Conalata of Defanae Honae Corporatlan (in liquidation); yedaral Crop
Inaaraooe Corpoiratlon; redaral Prlaoo Induatxlaa, Inc.; Hoaa Ovnars'
Zioan Corporation (in llqaldatlon); Inland Watarvaya Corporation;
Inatltuta of Intar-Aaarlcan Affairs; Panana Railroad Coopany; ^oullar
War Flanta Corporation (in liquidation); Tha Virgin lalanda Corporatlon; and War Ifoaa^ Corporatlcn (In liquidation),
A rapaTBsoit of capital atock of $£.7 BlUlon vaa ccrrared Into HlacelInnaoua reoaipta of thm U. 8. Traoanry on Jul/ 2k, I951, pursuant
Ezcl'jtl*e
^2/
^3/
^i/
20/
2^
^
2^/
2U/
£5/
26/
27/
*
to act of J«ia 27, 1950 {6k Stat. 258).
Tha aurplua Is cooaldared bj tha Corporation aa arallabla for futcra
inauranoe loasas and related ezpenaaa vlth raapaot to Inaurad
Inatltntlona.
Conalata of net Incoaa from pover oparatlnoe of $l£e.l nllllon ood
net expense of non-lnccae-produclae progroM of $13^*3 Klllion.
Baorganlzatlon Plan lo. 21, effectlre Mar ^^, 1950, abolUbad tha
U. 3. MarltljM CcsMLiaalon, and tra&aferred Its fmctiona Into tha
Depart^snt of Co^MToe. Curr«ait data on aritiaa actlTltlea vlll be
publlabad vban arallabla.
Consists of Alaska boualnfl program, c iwiiiilty facllltlaa aarrloa,
prefabricated bouaii^ loans progr at, and alta claaranoe prognn.
Conalsta of Tara Saourity Adainlatratlon progran, boaas conrerslon
prograa, public var bousing progrea, and Tetarans' re-uae bouaing
prograa.
ConalBta of Agrloultnral Marketing Act KaTolTing Tund; 7edar&l
Sacurlt/ Agffocj - loana to atodanta; Iteportaant of the Interior Indian loazia and Puerto Blco Recona true tlon AdBlnlatratlon; Departent of tba Armj - guaranteed loana (World War II) and Batural 71bers
BarolTlng Fund; Depm taant of the Merj • guaranteed loans
(World War U); Public Works Administration (in liquidation);
Treaaur/ Bepartaant - nlscelXanaous loans and certain other aaaeta;
Veterans Adalnlstratlon - Tetarans* Canteen Serrloa, Tetarans' llract
loan prcgr aa, guaranteed loans to Tetarans; and agencies reporting
pursuant to Defanae Prodnstlon Act of 1950, vtalcb consist of (>eaeral
SazTicee Adalnlatratlon and Dapartascta of tba Air 7arce, krmj,
Ccaaarce, Interior, and Sorj.
Rapreaenta obligations of CkiranBiant corparaticma and aganciea aa
sbovn under "Bonds, debentures, and notaa pe/abla - U. S. Treaaury",
except that tba latter azcludae $2,6^5.8 llllon obligations of
aganciea not required to report.
Includes $3,750.0 alUloo loan to the Utilted Klngdca.
Conalata of $2,750,0 allllon subscription to the Intamatlooal
Monatary Fund and $635.0 nilllon stock in tha International Bank for
Bacona true tlon and Dareloiaaat.
Includes $97-9 allllon reaerrea for contingent losses, expanaee, and
othar charges.
Includes aubacrlptlona to Intamatlonal Monetary Fund and Bonk (see
footnote 25) and loan to Uhiltad »'<"e^'^ (see footnote 2k),
Leas than $50,000.
i
November 1951
73
CUMULATIVE TABLE OF CONTENTS.
December 1050 through November 1051
iBoua and page monbar
1950
1951
Apr.
Ma;
July
Aug.
Sept.
Artlolee:
A-1
A-1
A-1
A-1
1
Troauurj financing operations
1
1
1
Summary of Federal flecal operatlona
Budget reoelpta and expendlturea:
PecolptB by principal oourceo
Expendlturea by major claaalf Icatlona
Expendlturea for national defence and related actlTltlea
Expendlturea for International finance and aid
"Other" expendlturea
Summary by montho anl yeara
Boclal Security Act
Ballroed Retirement Act
Railroad Unemployment Inaurance Act
Trust account and other tranaactlona:
8
a
8
8
9
9
10
10
11
11
9
9
10
10
11
12
12
13
13
lU
Summary of truet account and other tranaactlona
Truiit account receipta
Truat account expendlturea other than inveatmenta
Not Inveotanante of Govemn»nt agencleo In public debt aecurltlee,
Federal Old-Age and Surrlvoro Inouranco Trunt Fund
Ballroed Retirement Account
Unemployment Truat Fund
National Service Life Inaurance Fund
12
12
U
8
8
8
8
9
9
10
10
11
11
9
9
10
10
11
9
9
10
10
11
11
12
12
13
13
12
12
11.
11.
lU
12
12
13
13
lU
lU
12
12
II.
8
9
9
10
10
11
15
9
9
10
10
u
u
11
U
Treaeury cash income and outgo:
12
12
13
13
lU
lU
13
13
12
12
13
13
ll»
ll»
11.
Ik
11.
15
15
15
15
15
15
15
15
15
Susmary of caah tranaactlona
Derivation of caeh budget receipts
Derivation of cash budget expenditures
Derivation of caah truat account tranaactlona
Derivation of caah borroxlng or repayment of borrowing
Caah operating Incana and outgo by nontba
15
15
15
16
16
17
17
16
16
17
16
16
17
17
18
18
'is
'ia
19
18
18
20
13
13
13
13
11.
II.
General Fund of the Treaeury;
statue of the General Fund
Analyala of change in balance In the General Fund
Cenaral Fund balance by monthfl
Debt outetandlng:
Suoaary of Federal eecurltiea
Net change in Federal aecurltleo
Intereat-bearlng public debt
Net change In Intereat-bearlng public debt
Intoreat-bearlng guaranteed eecurltiea
Special iBsues to U. 8. Gorenment inveetznent accounts
Computed Interest charge and computed interest rate on Federal
aecuritlea
Treaaury holdings of securities issued by Covennient corporations
and other agencies
Public debt and guaranteed securities outstanding by months
16
16
17
17
18
18
16
16
18
16
17
17
18
18
17
17
18
18
16
16
17
17
18
18
19
19
19
19
19
16
16
17
17
18
18
16
16
17
17
18
18
16
16
17
17
19
19
19
19
18
19
16
17
19
20
19
20
19
20
19
19
20
20
19
20
19
Statutory debt limitation:
20
20
21
21
21
21
21
21
21
20
20
21
21
21
21
21
21
21
21
23
21
21
22
22
22
23
21.
2l»
2tt
22
?k
22
23
21t
2U
2l<
25
25
25
25
25
25
25
25
25
26
26
26
26
26
26
Status under liioltatlon
Application of limitation to public debt and guaranteed
eecurltiea outstanding
Debt operations:
Maturity schedule of interest-bearing public narlMtablfl aecuritlea
Issued by the U. 3. Ooremment
Offerii^B of Treaaury billa
Offerings of marketable iaauas of Treasury bonds, notes, and
certificates of indebtedness
Disposition of matured marketable issues of Treasury bonds, notes,
and certificateB of ii^ebtednssB and guaranteed aeourltieB
L
_L
(Contljuud on folloving page)
21.
Treasury Bulletin
7^
CUMULATIVE TABLE OF CONTENTS.
December 1050 through November 1051
-
(Continued)
iArf^
Treas.
HJ
U.S. Treasury Dept.
10
.A2
1951
Treasury Bulletin
C.2
@FedFRASER