Full text of Treasury Bulletin : November 1952
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LIBRARY
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UBRARY
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TREASURY
DEPARTMENT
X.
miEASUMY.
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NOVEMBER -laSE
LIBRARY
NOVl
TREASURY
9 1952
DFPARTivif
iv
UNITED STRTES TREflSURV DEPRRTMENT
DFFICE DF THE
SECRETRRV
November 1952
Table of Contents
Page
Treasury financing operations
A-1
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
g
Treasury cash Income and outgo
12
General Fund of the Treasury
I5
Debt outstanding
ig
Statutory debt limitation
21
Debt operations
22
United States savings bonds
27
Treasury savings notes
35
Ownership of Federal securities
36
Treasury survey of ownership of Federal securities
33
Market quotations
lj.2
Yields of Treasury and corporate bonds
^-6
Internal revenue collections
h&
Monetary statistics
52
"
Exchange Stabilization Fund
56
Capital movements
53
Corporations and certain other business-type
activities
loans and balance sheets
71
Cumulative table of contents
76
—
_
Note:
In those tables in which figures have been rounded
to a specified unit, all calculations (including
percentages) have been made from unrounded figures.
Consequently the details may not check to the totals
shown.
November 1952
A-l
Treasury Financing Operations
Second 1952 Offerlnp; of Tax Anticipation Bills
Pvirsuant to his statement on September 24, I952,
the Secretary of the Treasury announced on November 5
may make payment for the bills by credit In Its
Treasury tax and loan account up to any amount for
which It Is qualified In excess of existing deposits.
that on November I3 tenders would be Invited for bids
to an Issue of 210-day Treasury bills, Tax Anticipa-
Treasury 91-Day Bills Refunded
tion Series,
Maturing 91-day Treasury bills totaled $6.9 billion In October and were refunded in amounts eoulvalent
to the weekly maturities. The offering on October 2
In the amount of $2.0 billion.
Like
the two Issues of I95I and the previous issue
In
October 1952, the bills are to be acceptable at face
value In payment of Income and profits taxes, In this
Instance those due on June I5, I953.
To the extent
that they are not presented In payment of taxes due
they will be paid In cash at maturity. The bills will
be dated November 21, 1952, and will mature June 19,
The offering Is for cash with payment on the
1953.
date of Issue, except that any qualified depositary
Note:
Details of Treasury market financing operations are
shovn elsewhere in this issue of the "Ti'easury
Bulletin", in the tables on "Offerings" and "Dis-
was for tl.2 billion, the offerings on October 9, 16,
and 23 were for tl .h billion each, and the offering
on October 30 was for JI.5 billion. The average rates
of discount on the new issues were I.760 percent for
October 2, 1.S29 percent for October 9, 1.236 percent
for October 16, 1.735 percent for October 23, and
1.757 percent for October 30.
position",
respectively,
of marketable issues of bonds,
notes, and certificates of Indebtedness, and in the table
"Offerings of Treasury Bills".
.:
.
November 1952
SUMMARY OF FEDERAL FISCAL OPERATIONS
<]ji
Budget receipts and expenditures
Net
receipts
1/
Expenditures
2/
Surplus,
or
deficit
Het of
trust
account
and other
transactions
minions of dollars)
Clearing
account
y
2/2/
(-) 2/
Net
increase
decrease
Net
Increase
in General
Fund balance, or
decrease
(-)
(-)
In
public
debt, or
Leveli),
OBd of p«rlod
Celit
General
Fund
balaoce
Puillc
debt
outetanding
Guaranteed
eecurltles
Total
Federal
securities
Fiscal years;
12,696
22,202
43,892
44,762
40,027
40,043
42,211
38,246
37,045
48,143
62,129
34,187
79,622
95,315
98,703
60,703
39,289
33,791
40,057
40,167
44,633 5/
66,145
-21,490
-57,420
-51,423
-53,941
-20,676
-1,613
-338
-2,222
791
-524
754
8,419
-1,103
-294
-495
99
679
68,736
79,028
1942
1943
1944
1945
1946
16,290
34,483
43,531
43,928
38,810
57,751
90,174
97,181
87,522
41,322
1947
1948
41,010
41,450
38,122
37,834
53,488
38,576
36,209
4l,7l4
38,255 1/
56,846
19lta
19lt3
191*4
191*5
1946
1947
1948
1949
1950
1951
195s
1953 (let.)
Calendar years
191*9
1950
1951
-507
366
483
-214
23,461
64,274
64,307
57,679
10,740
-11,136
-5,994
478
4,587
-2,135
147
-401
3,883
358
6,515
10,662
4,529
-10,460
-10,930
1,624
-1,462
2,047
1,839
-388
-10,292
-122
45
8,400
-1,969
5,000
267,505
-41,461
-55,691
-53,650
-43,594
-2,512
-1,788
-266
-1,161
6,983
1,751
9,942
3,767
-22,502
10,543
12,294
22,236
26,003
3,502
108,170
165,877
230,630
362
50,232
57,707
64,753
47,484
-18,966
-240
199
234
37
-106
-?,249
-4,100
4,331
-405
-423
1,111
471
-447
62
256,900
252,800
257,130
256,708
259,419
81
55
30
24
2,711
3,097
4,208
4,679
4,232
4,295
42
256,981
252,854
257,160
256 731
259,461
589
-11
122
-265
-497
-645
5,049
5,186
6,121
256,865
256,368
255,724
27
27
24
256,892
256,395
255,747
632
1,007
370
137
935
-1,419
-238
1,053
4,702
4,464
5,517
255,718
256,350
257,357
22
20
20
255,740
256,370
257,377
-1,017
685
319
4,500
5,185
5,505
257,541
257,874
257,216
16
18
20
257,557
257,891
257,236
-279
140
-369
-1,359
93
4,145
4,139
4,232
256,937
257,077
256,708
22
24
24
256,959
257,100
256,731
-l,8u
-3,122
3,510
-4,017
^
2,434
5,241
-3,592
-422 2/
-3,358
555
y
-123
-1,386
-350
-229
-502
311 5/
815
2,991
9,507
20,169
24,698
14,238
3,308
4,932
3,470
5,517
7,357
6,969
72,422
136,696
201,003
258,682
269,422
258,286
252,292
252,770
257,357
255,222
4,568
4,100
20
29
76,991
140,796
202,626
259,115
269,898
258,376
252,366
252,798
257,377
255,251
259,105
46
259,151
4,301
4,230
1,514
567
339
112,471
170,108
232,144
278,682
259,487
278,11.5
259,149
1,623
433
476
90
73
27
Months:
1950 "January
February
March.
i
3,366
2,972
4,820
3,323
2,496
3,269
44
476
1,551
April.
May...
Juna.
1,488
2,320
4,4o4
2,847
2,962
4,296
-1,358
-642
108
-79
147
-53
25
-376
-8
July..
August
September
1,881
2,860
4,605
3,013
2,515
3,520
-1,132
344
1,084
-99
147
-27
-l4o
-80
October.
November
December
2,056
2,851
4,211
3,170
3,102 5/
3,742
-1,114
-252 5/
470
-17
169 5/
45
1951-January.
February
March...
4,448
4,257
8,112
3,808
3,211
4,058
640
1,047
4,054
-83
247
227
-161
-34
m
-583
-184
-944
221
929
3,187
4,454
5,382
8,569
256,125
255,941
254,997
18
18
21
256,143
255,958
255,018
April...
May..
June.
2,626
31146
7,089
4,007
4,517
5,969
-1,381
-1,370
1,119
-69
136
284
106
-304
43
-270
366
129
-l,6l4
-1,173
1,574
6,955
5,782
7,357
254,727
255,093
255,222
21
29
29
254,748
255,122
255,251
July. . .
August..
2,571
3,594
6,209
4,739
5,087
5,163
-2,168
-1,493
1,046
11
435
988
709
-1,737
-525
1,822
5,620
5,095
6,91t
255,657
256,644
257,353
28
37
-14
-103
30
32
33
255,685
256,677
257,386
2,635
3,521
5,279
5,483
5,178
5,627
-2,847
-1,658
-347
-55
82
196
-86
20
945
1,306
7
-186
-2,042
-250
-329
4,874
4,624
4,295
258,298
259,6o4
259,419
37
43
42
258,336
259,647
259,461
1952 -January.
February
March...
4,953
-501
9,886
5,455
5,105
5,704
448
4,182
-374
186
106
103
-25
-245
357
587
-2,278
-415
1,196
1,765
3,879
5,075
6,840
259,775
260,362
258,084
38
37
41
259,813
260,399
258,124
April
May
June ....
4,323
3,809
9,796
6,016
5,659
6,930
-1,693
-1,850
2,865
-291
329
-91
-326
209
1,613
-800
-1,447
-192
5,393
5,421
6,969
258,292
259,905
259,105
44
45
46
258,337
259,951
259,151
July...
August.
3,316
4,050
6,585
6,742
5,018
6,070
-3,426
-17
77
422
432
-195
-229
3,968
957
113
-504
-973
7,925
6,952
7,156
263,073
263,186
262,682
34
39
40
263,107
263,225
262,722
Septeanber
October.
NoTfflnber
December
Septeoaber
-968-
515
2
170
-93
83
357
L
183
333
31
-658
49
-63
-52
Source: Actual figures fl-cm Dally Treasury Statementj estimates are based on
revised estimates of the President, released August I9, 1952, More
detailed information vlth respect to the figures in this table Is given
In succeeding tables.
1/ Gross receipts less appropriations to the Federal Old-Age and Survivors
Insurance Trust Fund and refunds of receipts.
2/ Transactions of the Foreign Economic Cooperation Trust Fund, established
under Section UM (f) of the Economic Cooperation Act of igl+S
(62 Stat. 150), are consolidated with budget expenditures.
\
-6
^
-6
28
1,548
204
Excess of receipts, or expenditures (-).
For outstanding checks end interest coupons, and telegraphic reports
from Federal Eeserve Banks; excess of receipts, or expenditures {-).
Beginning November 1950 » Inveetaaente of irtxolly owned Government
corporations in public debt securities are excluded from budget
expenditures, and Included with other such investments under "Trust
account and other transactions". Adjustments for July-October 1950
investments were made in the November and January figures,
n.a. Not available.
hj
^
Treasury Btdletin
.BUDGET RECEIPTS AND EXPENDITURES.
Table I.- Receipts by Prineliial Sources
,
November 1952
.BUIXJET KECEIPl'S AND EXPENDITURES.
Table 3.- Expenditures for National Defense and Related Activities
(In mllllonfi of doUara)
Fiscal year
or month
Departaaent
of the
Departanent
of the
Deparlaaent Fayntenta
of the
under Armed
Air Force
18/
Army
12/
Navy
20/
90,501
191*5.
191*6.
1*8,870
16,812
11,500
12,158
19't7.
igltS.
191(9.
1950.
1951.
1952.
1,690
12,31*6
19,961*
3,506
6,238
12,350 16/
39,106
1952 -January...
February..
March....*
April
May
SXUTllUB
property
disposal
2^
Strategic
and
critical
materials
Other
25/
50,337
27,800
6,911
30,01*7
1*72
3,227
111*
15,161
691*
661*
106
5,1*17
l*,l*12
10
1,501
268
25
U
1*,171
271
277
1*1*2
6,01*6
1,986
270
328
138
325
98
99
299
M*
71
7
l*,998
058
6,876
15,W*3 16/
I*,
136
6,305
lt,U7
551*
1*,110
1
"•39
225
5,757
9,961
3
656
1*35
1
81*7
503
1*0
1,018
1,1*21
3,155
l,05lt
78I*
38
37
51
3,1*25
1,108
1,227
1,639
58)*
51*
1*0
3,775
3,791
3,699
1,357
101
97
172
26
65
1,508
981
1,560
1,071
1,176
938
966
805
961
83
92
30
52
103
1*0
1*,050
2,732
278
June ......
July
Auguat. .
3,881*
2,971
1,01*0
September.
l*,008
1,3W
10,862
3,681
1953 to late.
United
States
Maritime
Commission
22/
3,1*111
1,213
1,086
1,250 16/
1,297
.
Forces
Leave Act
Reconatruction
Finance
Corporation
21/
l,l*06
1,271*
16/
Source: Dally TreaEury Statement.
Footnotes at end of Table 5.
Table 4.- Expenditures for International Finance and Aid
(In millions of dollars)
33
122
Treasury Bulletin
.BUEGET RECEPTS AND EXPENDITURES
Table 5.- •'Other" Expenditures
(In milllone of dollars)
Placal year
or moa'Ui
Departaaent
of
Total
2,525
2,133
5,332
19't5
V)h6
19'»7
19118
19't9
March
April
May
Juna. .
•
July
August. .
September.
.
1953 to iate.
52
85
187 22/
Atomic
Energy
Commlsalon
Miscellaneous
w
215
438
314
807
645
1,066
1,619
1,696
159
456
647
-270
460
6l4
593
624
740
1,575
1,541
1,565
589
-71
-169
1,967
2,027
2,203
908
1,648
2,515
2, 860
3,121
46
58
"13
240
113
104
101
-16
-27
-1
-4
215
162
325
137
151
141
296
225
276
59
56
-24
100
37
-42
94
96
166
-41
203
168
207
162
154
192
187
210
160
212
195
170
140
144
155
601
234
207
577
439'
385
378
528
815
805
Social
security
program
31/
-288
2,986
635
1,219 33/
83
Bee ons true t ion
Finance
Corporation 36/
313
359
690
1,126
1,519
2,65a
1,046
Public
works
161
242
310
524
6,1*67
194
78
Post Office
Department
(advance to
cover
deficit)
-307
-246
129
-68
-56
9,666
1,073
1,022
779
Housing
find home
finance
3it/
92
98
149
172
239
ll,lv69
1952 -January...
February..
of
Commerce
969
-203
1,226
782
10,865
9,363 15/
1950
1951
1952
Agriculture
22/
SeparlaiLent
1
50
1,543
906
117
126
59
42
41
21
81*7
'•9
28
71
3,297
292
128
132
Source: Dally Treaaujy Statement.
Footnotes 1 through 6 on page 2 and 7 through 9 on page 3.
10/ Figures Include adjuetoente (see footnote 7) as follovs: Buapension
of current appropriations In the amount of $150 million In the first
half of fiscal 1952, $25 million In January, and $125 million In June;
increase of appropriation in the amount of $l4 million In April.
11/ For description of content, see Table 6, footnote 3.
12/ Beginning Norember 1949, Interest on the public debt la reported as
an expenditure when such Interest beoomes due and payable, as dietlngulshed from the previous practice of showing the expenditure on
the basis of interest paid by the Treasurer of the United States.
13/ Includes public works undertaken by the Veterans' Mmlniatratlon.
14/ Includes transactions relating to the Foreign Economic Cooperation
Trust Fund (see page 1),
15/ Beginning 1951, net Inveatanents of wholly owned Government corporations and agencies in public debt securities are excluded from budget
expenditures and included with other such Investments In "Trust
Account and Other Transactions", Table 4.
16/ Het transactions by the Departments of the Air Force and the Army relating to "Deposit Fund Accounts" are included under "Trust Account
and Other Transactions" Instead of "Budget Receipts and Expenditures"
beginning June 1952; the figures for June include the reclassification
of thie Itm for the full fiscal year 1952.
17/ Estijnatee of expenditures are not separable as between these two classiflcatione, primarily because estimates of procurement expenditures for
the defense establishment «t^h forel^ military assistance are combinod.
18/ Szcludes those expenditures on behalf of the Department of the Air
Force which have been made out of appropriations to the Department of
the An^y.
19/ Includes certciin ejq>anditiQ:eB on behalf of the Department of the Air
Force (aee footnote 18). Excludes expenditures by the Department of
those included elsewhere in Table 3; interthe Array as follows:
national finance and aid, shown in Table 4; river and harbor works
and flood control, included in Table 5 under "Public works"; and
Panama Canal. Defense expenditures of the Panama Canal prior to 1947
are included in Table 3 under "Other"; nondefense expenditures are ^
included in Table 5 under "Miscellaneous"
20/ Excludes expenditures by the Departaaent of the Navy Included elsewhere
in Table 3, and those for interns tl onal finance and aid shown In
Table 4.
21/ After 1947, expenditures for national defense and related activities
were not segregated from other expenditurea of the Corporation and Its
affiliates, which are Included in Table 5.
23/ Excludes expenditures Included elsewhere in Table 3. Beginning 1950,
expenditurea of the Canmlaslon until it was abolished are Included In
Table 5 under "Departaaent of CoBznerce" (aee footinote 33).
23/ Beginning 1951, consists of expenditures for care and hand li ng of
surplus property overseas.
24/ Prior to 1947, these expenditures were included in "Other" Treasury
Departausnt expenditures, in Table 5 under "Miscellaneous".
25/ Through 1947, includes "war" and "national defense" expenditures of
various departanenta and agencies; adjainlstrative expenses of the
Selective Service System; expenditures of 1±e War Shipping Adjttinistratlon not included elsewhere in Table 3, until the Administration
WBs 1a*anaf erred to the U. S. Maritlae Administration for liquidation,
September 1, 1946; aid to China; and beginning 1947, the National
Advisory Comnittee for Aeronautics. From July 1947 through
February 1948, consists of expenditures of that Committee and the
175
175
26/
27/
28/
29/
^0/
31/
22/
22/
2iL/
25/
36/
37/
38/
^2/
157
148
158
464
-23
42
-3
9
48
524
937
1,142
1,456
1,633
2,124
1,042
Selective Service System. Beginning March 19^8, expenditures of the
Office of the Secretary of Defense are added, and these include retired pay for the military services beginning September 19*^9.
Excludes Bank expenditures under the Mutual Security Act and the preceding Economic Cooperation Act of 19^8, as amended.
Under the Financial Agreement of December 6, 19^5. First repayment
became due on December 31, 1951, when payment was made of $75 million
interest and $UU million principal.
Public Law 165, approved October 10, 1951.
Prior to July 1951, consists of expenditures under the Economic
Cooperation Act. See also footnote 31Prior to July 1951j conalats of eipenditures for mutual defense
assistance.
Prior to July 1951, Includes principally: relief In countries devastated by war, expenditures under the Foreign Aid Act of 19^7
(61 Stat. 93^+), and expenditures under the China Aid Act of 19^8
(62 Stat. 158), all shown separately In the June 1950 and previous
IssuBS of the "Troaaury Bulletin" ; International Children's Emergency
Fund; loan for construction and fiimlahlng of Iftilted Nations Headquarters; and aid to Korea, Beginning Jxily 1951, includes also aid
to Yugoslavia and India, but eicludea aid to China and Korea, which
is included with other programs of economic and technical assistance
under the Mutual Security Act.
Excludes expenditures by the Departanent included in Tables 3 and h
and those for forest roads and trails, Included in Table 5 under
"Public works".
Excludes expenditures by the Department Included in Tables 3 ^^ ^
and those for public roads included In Table 5 under "Public works";
Includes U, S, Maritime Commission for eleven months of 1950, until
It was abolished and its fimctlons were transferred Into the Department of Commerce by Reorganization Plan No. 21 of 1950.
Excludes expenditures included in Table 3; beginning September 1950,
includes Federal National Mortgage Association and prefabricated
housing loans program, which were transferred from the Reconstruction
Finance Corporation by Reorganization Plans Nos, 22 and 23 of 1950Consists of expenditures for the followlngi public roads, except
assistance to G-reece and Tiarkey; public buildings, consisting of
construction only, beginning 1950; Bureau of Community Facilities
through 1950, when it was abolished and its functions were distributed; other Federal Works Agency expenditures except those Included in
Table 3 until the Agency was abolished by the act of June 30, 19'*9
(63 Stat. 380); Bureau of Reclamation; Tennessee Valley Authority;
river and harbor works and flood control under the Department of the
Aimy; and foreet roads and trails under the Department of Agriculture,
Exclxides expenditures Included in Table 3See also footnote 3'*.
For more detail of these expenditures, see Tables 7, 8, and 9«
Includes expenditures for executive departments and other agencies not
Included elsewhere and for legislative and Judicial functions.
Effective June 30, 1952, borrowings and other transactions of the
Federal Intemedlate credit banks are reflected in the Dally Treasury
Statement, even though funds received and disbursed under certain of
these transactions do not clear through accounts of the Treasurer of
the United States. The figures shown for the month of June 1952,
include net transactions for the full fiscal year 1952.
Less than $500,000,
November 1952
-BUDGET RECEIPTS AND EXPENDITURES.
Table 6.- Summary of Budget Results by Months and Years
Treasury Bulletin
,
BUBGET RECEIPTS AND EXraNDITUEES
Table 7.- Social Security Act - Budget Receipts
(In alllloDS of dollare)
ajnd
Expenditures
November 1952
.BUDGET EECEIPTS AND EXPENDITURES.
Table 8.- Railroad Retirement Act
-
Budget Receipts and Expenditures
(In nlULlons of dollars)
Treasury Bulletin
TEUST ACCOUNT AND OTHER TRANSACTIONS.
Table 1.- Summary of Trust Account and Other Transact ions
(In mllllonjB of dollars)
Trust accounts, etc.
Net of
Fiscal year
or month
trust account
and other
transactions 1/
191*5....
Net receipts, or
expenditures (-)
Net Inrestmoats of
Goremment agencies in
Expend ituroB
(other than net puhllo debt securities 2/
Eecelpts
Guaranteed
InTestsnenta)
791
7,51*1*
19't6
-521*
W"*?
-1,103
19I18
-291*
3,238
2,619
2,658
191*9
-1*95
1950
1951
1952
99
679
7,086
7,712
-1*58
l»,l*7lt
3,625
3,857
6,21*1*
6,515 1/
5,200
3,668
3,362
3,060
1,276
160
387
16
46
8
-10
-16
2,311
6,669
7,796
8,807
3,824 i/
6,950
11*7
1,890
-281
3,852
3,855
3,91*5
l*,952
3,557
3,636
1953 (Estinated)
-122
3,038
8,532
5,1*91*
3,280
1952 -January
-37"*
1*2
392
186
106
531
336
831
681*
350
300
347
Ull
221
171
-291
357
-192
1*1
1*76
43I*
853
1,050
1,026
197
669
270
510
650
Febriiary .
.
March
April
May
June
5,71"*
357
-1*02
July
August
-17
77
1*03
738
959
556
308
397
Septeanher..
1*22
500
1*27
-73
1*4
266
Source: Actual figures f^rom Daily Treasury Statement; eetijDfites are
based on revised estljnates of the President, released August 19, 1952,
1/ Excess of receipts, or expenditures (-).
2/ Consists of transactions vhlch clear through accounts of the Treasurer
of the United States, excep't as noted in footnote 4,
Excludes Foreign Economic Cooperation Trust Fund (see page 1),
^
1*73
4/
5/
Het redemptions, or sales (-),
of securities of Government
agencies in the market 2/
5/
Bot guaranteed
277
-66
-28
-123
28
14
-374
88 4/
-120 5/
4
1
1
-4
123
-4
-1
*
11
-5
-1
63
66
-13
-101 4/
-37
-66
34
Effective June 30, 1952, net transactions in Federal Intermediate
Credit Bank issues are included even though certain of these transactions do not clear through the accounts of the Treasurer of the
United Statee. The figures for June and for 1952 incluie $98 million
net sales of these issues for the full fiscal year.
Breakdown between guaranteed and nonguaranteed ia not available.
Less than $500,000.
Table 2.- Trust Account Receipts
(
Federal Old-Age
and Survivors
Insurance Trust
Fund
Fiscal year
or month
In millions of dollars
Railroad
Retirement
Account
Unemployment
Trust Fund
National Service
Life Insurance
Fund
1945
1946
1947
1948
1949
7,086
7,712
6,244
6,515 i/
5,714
1,434
1,386
1,623
1,807
1,924
324
312
323
797
625
1,508
1,280
1,289
1,313
1,173
2,127
2,351
1,504
740
690
1950
1951
1952
6,669
7,796
8,807
2,367
3,411
3,932
645
678
850
1,281
1,542
1,643
392
831
684
152
57
448
474
53
36
209
24
476
1,050
1,026
267
486
289
738
959
427
184
439
249
1952 -January...
February..
March
AprU
May
June
July
August , .
Sept amber.
.
Government
Life
Insurance
PuM
97
Government
employees
retirement
funds 1/
Other trust
funds and
accounts
2/
1,038
1,666
90
92
557
6l4
578
594
680
1,174
529
1,076
684
786
87
86
87
809
850
912
403
545
597
65
55
59
3
41
34
35
37
28
29
103
134
3
3
792
54
50
36
43
345
22
37
3
92
134
6
33
99
208
48
220
51
29
40
1
49
86
328
54
19
Source: Daily Treasury Statement.
Couaiats of Civil Service and Foreign Service retirement fuMs.
Includee Adjusted Service Certificate Fund, ristrlct of Columtla,
Indian tribal funds. Island possessions, increment resulting from reduction In the weight of the gold dollar, aru^ through June 1950
55
1/
2/
i/
.
3
3
II
29
seigniorage on silver uiider the Silver Purchase Act of 193^* Thereaifter
such seigaiorage is included with other seigniorage under budget
receipts,
feicludea Foreign Economic Cooperation Trust Fund (see page 1),
.
November 1952
TEUST ACCOUNT AMD OTHKF TRAMSACTIONS
Table 3.- Trust Account Expenditures Other llian Net Investments
(In millions of dollaraj negatlTe fignroe are exoasB of oredlta)
Fiscal year
or non^h
Treasury Bulletin
10
-TBUST ACCOUNT AND OTHER TRAMSACTIONS
Table 5.- Federal Old-Age and Survivors Insurance Trust Fundi/
(in millions of dollars)
11
November 1952
.TBUST ACCOUMT AND OTHSR TRANSACTIONS.
Table 7.- Unemployment Trust Fund
(In milllonfi of dollars)
Treasury Bulletin
12
.TREASURY CASH INCOME AND OUTGO.
Table 1.- Sunnary of Cash Transactions
November 1952
13
.TREASURY CASH INCOME AND OUIGO.
Table 3.- Derivation of Cash Budget Expenditures
Treasury Bulletin
lU-
.TREASURY CASH IHCOME AND OUTGO.
Table 5.- Derivation of Cash Borrowing or Repayment of Borrowing
..
November 1952
15
.
GENERAL FUND OF THE TREASURY.
Table 1.- Status of the General Fund
(In allliaiiB of dollars)
Bullion, coin, and
currency
Eni of fiscal
year or month
Deposits in Federal
Reserre Banks
Available
funds
1945
1946
1947
1948
1949
25,119
14,708
3,730
5,370
3,862
558
243
232
191
219
1,500
160
1,023
1,073
1,022
1950
1951
1952
5,927
7,871
7,481
1,052
1,046
1,009
191
176
194
950
1951-Dscomber.
4,816
1,033
173
321
1952 -January...
February .
1,025
1,003
981
219
205
212
162
March
4,306
5,700
7,445
558
169
April
May
June
6,108
6,046
7,481
997
999
1,009
206
197
194
July
August....
September.
8,520
7,439
7,557
1,010
1,004
1,001
181
175
179
150
In process
of collection
DepoBlta In
special
depoeltarles
1/
Liabilities
and
collections
Balance in
t^e General
Fund
123
103
22,622
12,993
962
1,773
1,771
289
305
310
283
309
421
470
422
438
392
24,698
14,238
3,308
4,932
3,470
143
250
355
3,268
5,680
5,106
323
380
484
410
514
512
5,517
7,357
6,969
146
2,693
449
521
4,295
316
193
333
2,048
3,216
5,228
537
525
523
427
625
605
6,ao
450
569
333
195
125
355
3,779
3,690
5,106
481
466
484
715
624
512
5,393
5,421
6,969
638
496
508
184
106
161
6,027
5,190
5,217
479
468
491
594
487
401
7,925
6,952
7,156
,006
,202
,928
438
338
333
Source: Dally Treasury Statement.
1/ On account of withheld taxes and sales of GoTemnient securities.
Table 2.- General Fund Balance by Months
(End of month, in millions of dollars)
Year
Other
deposits
3,879
5,075
Treasury Bulletin
16
.DEBT OOTSTANDHG.
Table 1.- Summary of Federal Securities
(In millions of dollars)
Total outstanding
End of
flBcai
year or
month
Interest-bearing debt
GuaranPublic
debt
19l>5.
teed
securities
1/
258,682
igiig.
259,115
269,898
258,376
252,366
252,798
1950.
1951.
1952.
257,377
255,251
259,151
257,357
255,229
259,105
20
29
Feb. igiie...
279,761i
279, Sill
1951-DeceDiber.
259,1*61
259,1*19
1952 -January.
February.
March ....
259,813
260,399
Matxired debt and debt bearing no interest
GuaranPublic
debt
Public debt
teed
securities
International
Bank 2/
1/
Monetary
Fund 2/
Other
1/
256,766
268,578
255,197
250,132
250,785
256,357
1*09
268,
1*67
255,113
250,063
250,762
255,226
252,879
256,907
255,209
252,852
256,863
17
27
y*
2,150
2,372
2,11*8
2,370
265
512
1,270
1,283
2,21*1*
2,21*2
1*19
1,271*
551
278,1*51
277,912
539
1,313
1,301
238
1*2
257,111
257,070
1*0
2,350
2,31*8
1*92
1,296
560
259,775
260,362
38
37
257,1*82
2,226
2,290
1*16
1*1
2,295
2,228
2,291
1*1*1*
258,oBli
36
35
39
2,291*
258,12li
257,518
258,171
255,833
1*81
1,291
1,253
1,253
559
557
556
April
May
June
258,337
259,951
259,151
258,292
259,905
259,105
1*1*
256,11*1*
257,782
256,907
1*1*
2,192
2,168
2,191
2,167
385
362
1,253
1,253
1*6
256,102
257,739
256,863
1*3
1*5
1*1*
2,21*4
2,21*2
1*19
1,271*
553
551
550
July
August
Septamber,
263,107
263,225
262,722
263,073
263,186
262,682
31*
260,91*0
33
39
261,098
260,615
260,908
261,060
260,577
2,166
2,127
2,106
2,165
2,125
2,105
331
319
300
1,288
1,263
1,263
19li6
19lt7
19li8,
269,1(22
1*33
I176
258,286
252,292
252,770
27
90
73
1*6
m
2,326
1,311
83
69
2,350
1,321
3,179
2,231*
21*
2,012
2,229
2,009
3,173
269
376
231
280
21*5
2,057
935
1*16
1,721*
66
1,161
1,063
1*1
802
722
660
613
575
550
Debt peak;
.
.
1*0
258,136
255,791*
38
39
1,063
51*6
51*1*
51*2
Source: Dally Treasury Statement.
Footnotes at end of Table 2.
Table 2.- Net Change In Federal Securities
(Increase, or decrease (-], In millions of dollars)
Total outstanding
Fiscal year
or month
Public
debt
Interest-bearing debt
Public
debt
ties
y
-1,190
56,1*89
57,679
10,783
-11,523
-6,010
10,71*0
1*3
-11,136
-5,991*
-387
-16
191*9
1*32
U78
-1*6
1950
1951
1952
i*,579
-2,126
3,900
587
-2,135
3,883
352
586
-2,275
357
587
-2,278
-1*
213
209
1,613
-800
1952 -January.
,.
February .
March
April
10
16
56,813
11,751*
653
-12,997
-5,050
698
li,ltl»l
1*, 1*1(8
-2,31*7
1*,028
-2,358
It, Oil
782
-1,029
1,858
-l,011t
68
108
1,862
-11*5
1*16
1,721*
-lit
-91*6
-9I1I*
1*9
-1*5
-221
-220
-35
-350
-25
-563
-98
-133
-80
-62
-7
10
17
138
222
139
222
-128
20
-1*1
207
-1*7
2l*7
13
-9
-38
-26
-128
866
-93
798
-1,122
12
-55
651*
654
-68
-55
-68
-2,3lt2
61*
61*
-28
65
1*
312
-99
-96
1,638
-875
308
1,637
-876
-99
1
-2lt
-2lt
-22
75
76
56
1*,03U
l*,0lt5
-12
-78
-88
ll*
5
1
-77
-39
-21
-39
-20
-12
-25
1*07
It
3,968
-11
113
5
157
152
-503
-501*
1
-1*83
-lt81*
Other
1/
-1,107
58
-383
-2,338
3,956
118
.
Monetary
Fund 2/
1*
July
August.
.
International
Bank 2/
-1
l,6lli
September,
2/
It,
55,707
11,812
-13,381
-5,065
May
June
-800
Public debt
teed
Securities
y
191*7
191*8
191*5
191*6
Matured debt and debt bearing no interest
Guaran-
Guaranteed
securi-
Excludes guaranteed eecurltles held by the Treasury, The intereet-b earing
debt shown here conslete of F^H.A, debentures and C.C.C, danand obligations;
details by Issties appeared in the "Treasury Bulletin" for August 1951 and. in
pireTlouB Issues; currently the amounts outstanding are shown each mon'Ui In
the "Treasury Survey of Ownership", Tables 3 and k.
Special notes of the United States issued to the International Bank and the
International Monetary Fund In payment of part of the ttolted States sxib-
-1*8
-5
-38
-19
acrlptions to these Institutions, pursuant to prorlslous of the
Bretton Woods Agreements Act, The notes bear no interest, are
nonnegot labia, and are payable on demand.
Includes sarlngs stamps, excess profits tax refund bonds, and
currency Itans. For current -month details, see "Statutory Debt
Limitation", Table 2,
Less than $^00,000.
November 1952
17
-DEBT OOTSTANDDE.
Table 3.- Interest-Bearing Public Debt
Treasury bulletin
IS
.DEBT OOTSTAHDHC.
Table 5.- Special Issues to United States Government Investment Accounts
(In millionB of dollars)
Enl of flBoal
year or month
November 1952
19
.DEHT OOTSTANDHC.
Table 7.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In milllonfl of dollars)
End of
fiscal
year or
month
-^
)
20
Treasury Bulletin
JJEBI OUTSTAHDUG,
Table 8.- Public Debt and Guaranteed Securities Outstanding by Months
(End of montli, In millions of dollars
Apr,
Maj
July
Public debt
1932
Aug.
Sept.
21
November I9i2
STATUTORY DEBT LIMITATION
The Second Liberty Bond Act, as amended,
{
aggregate 5275 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,
3I U.3.C.
757 b), provides that the face amount of obligations Issued
and the face amount of
under authority of that act,
obligations guaranteed ab 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.- Status under Limitation, September 30, 1952
(In millions of dollara]
Majdjnum amount of eecurltles which ma^ be outatanding at any one tlma, under limitatlaa tmpoe«d 1^ the act
of June 26, 19W (31 U.S.C. 757 b)
275,000
Amount of securities outstanding aubjeot to auch statutory debt limitation:
U. S.
GoTemnent securities issued under the Second Liberty Bond Act,
(Guaranteed securities
(
as emended
excluding thoae held by the T^easuiy)
UO
Total amount of aecurities outstanding subject to statutory debt limitation
Balance issuable under limitation
Source:
262 051
262,091
12,909
Bureau of the Public Debt,
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding September 30, 1052
(In millians of dollars)
Class of security
22
Treasury Bulletin
.VEST OPERATIONS.
Table I.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding September 30, 1952i/
November 1952
23
.DKBT OPERATIONS.
Table
1.-
Maturity Schedule of Intereet-Bearlng Public Marketable Securities
Issued by the United States Government
and Outstanding September 30,
1952^
-
(Continued)
Treasury Bulletin
2h
DEBT OPERATIONS.
Table 2.- Offerings of Treasury Bills
(DollAT amounts In mlUlcaie}
Descrlptlcci of nev laeuo
Maturity
date
Reg\ilar Series i
1952-June
5
June
June
June
JaUr
July
July
July
J<iU
Aug.
Aug.
Aug.
Aug.
Sept. 1*.
Sept. 11.
Sept. 18.
12
19
26
^
3
10
17
21*
31
7
11*
21
28
Sept. 1*..
Sept. 11
Sept. 18
Sept. 25
Oct.
Oct.
Oct.
Oct.
Oct.
2
9
l6.
23 p
30 p
Dumber of
da^
Amouzit of
to
Vtaount of bids accepted
Total
anount
aturit^
On oca^>et'
ItlTe basis
1,928.9
2,015.1
1,300.1
1,200.8
2,01*9.3
1,202.1*
Sept.25.
91
91
91
91
1,999.1
1,200.1
1,160.6
1,003.8
990.1
1,019.7
Oct. 2.
Oot. 9.
Oct. 16.
Oot. 23.
Oot. 30.
91
91
91
91
91
2,136.0
2, 161.1
1,982.0
1,200.3
1,032.1*
1,1*00.1*
2,10l».0
1,399-9
1,210.5
1,193.7
1,185.0
2,056.1*
1,500.1*
1,311* .7
Nov , 6
Not. 13.
Nov. 20.
Nov. 28.
91
91
91
92
1,931*.
1,300.1
1,500.8
1,300.3
1,299.9
Dec. 1*.
Deo. 11.
Deo. 18.
Deo. 26.
91
91
91
1953-Jan. 2.
Jan. 8.
Jan. 15.
Jan. 22.
Jan. 29.
92
1953-Mar. l8.
l6l
92
91
91
91
91
2,337.0
2,082.5
2, 161.1
2,071*.
2,277.5
2,275.1
2,109.0
1,1*00.1*
1,300.3
1,200.9
1,202.8
1,200.1*
1,112.0
1,2a.
In
exchange
139.5
197.0
37.3
212.1)
1*2.0
180.3
39.8
1,100.5
1,200.1
1,200.6
1,201.1
167-9
189.9
206.7
214.9
185.3
33.8
1,201.5
17,217.8
1*8.5
17,216.1*
91*. 1*
1,1*01.8
1,1*00.9
1,1*00.6
80.0
1,503.0
188.1
216.2
67.1
135.2
92.5
69.2
1,303.1
1,501.0
1*8.5
62.3
17,217.6
17,218.3
11,220.0
17,219.0
17,215.9
17,215.2
17,212.7
17,209.7
17,209.5
17,206.3
17,205.7
2U.5
1,137.0
959..1
163.3
37.6
21*1.8
255.1*
1*3.6
1,300.1
1,200.8
91*7..1*
1*9.7
1,202.1*
969..1*
231.0
75.3
1,200.1
17,206.0
17,206.1
17,206.5
17,206.9
195.3
215.2
210.0
272.6
215.5
38.9
68.1
87.7
55.5
66.0
1,200.3
17,206.6
1,1*00.1*
17,206.1*
1,1*00.1*
17,207.2
17,208.8
17,209.8
1,001*.
l,l81*.9
2,327.5
1,1*00.1
1,1*01.2
1,1*01.5
1,501.1*
3,279.1
2,501.9
2,300.7
2,1*08.1*
tlTs basis 1/
Total unmatured Issues
outstanding
after new
Issues
1,088.7
1,117.7
1,200.0
1,915.8
2,108.1
2,237.8
On noDooispetl-
Anouat
maturing on
Issue date
of nev
offarlng
1,191.2
1,129.0
1,2^.9
182.2
1,303.1*
1,300.5
1,399.9
1,500.1*
Tax Anticipation Series
1952-Oct.
8 p
2,501.9
November 1952
25
DEBT OPERATIONS.
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certlficatee of Indebtedness
Data
26
Treasury Bulletin
.DEBT OPERATIONS.
Table 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates
of Indebtedness and Securities Guaranteed by the United States Government
Souroe: Bureau of the Public Debt.
1/ Original call and oaturlt; datee are ueed,
2/ Beginning with the Horeober 1947 operation, arrangements were made
between the Treasury and the federal Beserre STBtam whereby all or
a part of the Systen'a holdlnge of certain maturing and called
securities would be presented for cash redemption,
Theee
nonmarketable bonds, dated April 1, 1951, and maturing
i/
April 1, 1980, are eichangeable for l-l/2)t marketable Treasury notes.
November 1952
27
.UNTTED STATES SAVINCJS BONDS.
United States eavlngs bonds were first offered In
March 1935 a"^ began to mature In March 19'+5- Series A-D
were sold between March 1935 an* the end of April ISl+l,
and Series
E,
F,
and
were first offered In May
When Series E began to mature on May
1,
1951,
194-1.
and K, also at
hl^er interest
rates.
A new current-income
similar in interest return to Series E,
was offered beginning Junel. For details of these changes
see "Treasury Bulletin" for May 1952, cage A-1.
bond,
Series
H,
owners of the
matured bonds were offered three options:
To redeem the
bonds in cash in accordance with the original terms; to
retain them with an extended maturity of 10 years at
In the tables which follow, Series A-F and J sales
are shown at issue price and total redemptions and amounts
outstanding at current redemption values. Series 0, H and K
are shown at face value throughout. Matured bonds which
,
specified rates of interest accrual; or to exchange them
for Series
bonds.
A number of changes became effective
May
1,
1952. The principal ones were:
The rate of Interest
accrual on Series E was increased, especially for the near
term, with corresponding changes in extended Series E;
Series F and
and
have been redeemed are Included in redemptions.
Data by
denominations and sales by States are published on a
monthly basis but not in each issue of the "Treasury
Bulletin".
were replaced by two new issues, Series J
Table 1.- Sales and Redemptions by Series, Cumulative through September 30, 1952
(Dollar amounts In millions)
Treasury Bulletin
2i
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(Dollar aioounta In mllllona)
Accr\ied
dlBcount
Eedemptlons i/
Sales plus
accrued
discount
Sales
price
Accrued
discount
Amount out3 tand Ing ( Interes tbearlng debt)
Series E and B combined
Fiscal years:
I9I1I-19I13
35
118
265
19l»6
12,001
11,820
11,553
6,739
1947
11,287
igw
14,026
536
633
19'*9
It,
278
753
1950
1951
1952
3,993
3,272
3,296
895
1,035
1,111
19hk
ig^s
l*3lt
12,035
11,938
11,818
7,173
71*9
71*8
2,100
2,095
3,825
3,81*6
5,912
5,81*3
lt,82lt
1*,391
It,
659
5,032
3,825
3,530
3,521
It, 295
It, 008
It,
'*,887
'*,307
It,
1*07
288
3,689
3,368
3,326
3,987
3,583
1
5
20
69
103
136
162
195
307
11,287
21,125
29,097
30,358
30,791
31,625
33,127
3lt,lt9l*
31*,
506
1*25
31*, 905
2
11
Calendar years:
1941-19l>3
17,1*78
19ltlt
12,380
9,822
182
353
17,558
12,562
10,175
1*66
1*93
"1,959
5,1*23
,085
579
696
818
971
1,080
!t,661t
3,930
3,728
1,598
2,993
It, 925
5,330
3,813
3,575
3,1*1*8
3,27lt
171*
15,957
25,515
30,727
30,263
30,997
32,188
33,766
3,912
3,667
3,688
21*5
3'*,lt93
31*8
311,727
191*5
igltS
It,
19^1
It
191*8
lt,22lt
191*9
lt,208
1950
1951
3,668
3,190
920
5,025
It, 639
It, 270
It,
1,601
3,005
I*,
963
1*,036
38
93
116
151*
Months
73
U06
363
1*3
3'*,79l*
366
368
331*
290
1*1*
31*,
31*5
30lt
1*0
77
3ltlt
351*
91
31*1
31*1
123
1*16
350
313
303
313
37
37
107
78
1*22
331*
1*U
83
373
377
319
337
279
299
39 P
38 p
1952 -January..
February.
288
109
78
March ....
281t
81t
April...
May
June .....
267
250
293
July
316
309
290
36lt
August...
September
It
387
1*1
826
3't,839
3lt,839
3l*,905
950
35,019
35,055
31*,
Series F, O, J, and E combined
Fiscal years:
191*1-191*3
6,1.1*6
3
6,lilt8
igWl
3,678
3,337
2,873
2,920
2,209
2,863
1,680
1,871
629
9
19
33
3,687
3,356
2,905
2,968
2,270
2,935
1,763
1,961
726
191*5
191*6
191*7
191*8
191*9
1950
1951
1952
U7
61
73
83
90
87
192
310
87
191
309
1*97
U91*
3
672
772
835
821
666
823
6
9
12
6,362
9,857
12,903
15,312
17,608
19,105
21,205
807
1,021
990
11.
22,llt7
21
21
23,066
22,780
1,01*2
1,012
76I*
1
Calendar years:
191*1-191*3
7,952
3,678
7,91*6
3,661*
13
191*5
3,U5
25
3,11*0
191*6
2,962
2,609
3,071
1,626
1*0
3,002
2,663
3,139
191*1*
191*7
191*8
I9I19
2,1*06
1950
1951
770
Months:
1952 -January.
February.
March...
1*7
April....
U7
May
June
1*2
78
52
July
August. .
September
Footnotes at end of Table
1*.
51*
67
78
87
93
13
5
6
71
6
7
11
1,701*
2,1*93
863
163
162
259
370
615
715
258
368
611
708
ao
829
803
53
53
1*9
83
66
52
lit
1*7
6
53
39
6
U6
1
It
7,789
11,208
13,979
16,366
7
18,311*
11
12
17
22
20,613
21,501
23,089
22,859
815
905
1,093
888
1,071
70
79
79
69
77
22,870
22,856
22,831
79
78
78
78
76
76
22,80lt
91
57
1
22,759
87
76
22,775
22,780
75 P
75 P
(Continued on following page)
22,731*
22,701*
Monthly redemptions
as percent of amount
outstanding
November 1952
29
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(Continued)
(In millions of dollars)
Accriied
discount
Sales plus
accrued
discount
Fiscal years:
3QU1
htvI
19l*2.....
Series H U/
Fiscal year:
1952
30
30
Months:
1952 -June
July
August....
September.
30
30
36
27
36
27
23
23
Redomptlons 2/
Sales
price
^
Accrued
discount
Amount outstanding ( Interestbearing debt
Treasury Bulletin
30
.UNITED STATES SAVIBCfS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K - (Continued)
(in mllllonfl of dollars)
Accrued
discount
BedemptiODB
Sales plus
accrued
discount
Accrued
discount
Sales
price
Amount outstanding (interestbearing debt)
Series F 5/
Fiscal years:
191*1 and 19U2.
502
502
760
811
698
3
3
1*99
17
58
1,21*2
89
17
57
88
1
2,601*
1*1*0
11*9
11*7
3
197
198
6
2,895
3,099
3,255
wita
19Wt
19h^
758
802
679
igW
1*07
19117
19U8
i60
301
19't9
1*73
231
73
83
51*5
1950
1951
1952
311i
203
206
216
199
31*7
90
1*37
21*8
97
96.
193
229
7
35
77
106
189
203
222
202
223
259
101*
1
185
196
211
189
206
237
1*
2
9
19
33
1*7
1*07
61
362
1,996
201*
9
12
185
227
207
21
21
11*
3,581*
3,699
3,889
3,853
Calendar years
1941 and 191*2.
860
2
igits
71*5
1*
191*4
19lt5
773
595
13
861
750
786
25
&1
191*6
1*0
191*7
191*8
19I19
3S5
3U2
1*98
1950
1951
1*17
12I*
67
78
87
233
51*
365
396
566
3U
503
7
35
77
93
217
13
5
29
16
15
17
15
11*
13
16
11*
16
8
851*
1
7
11
12
17
22
1,569
2,278
2,793
2,969
3,i6a
3,505
3,615
3,895
3,853
Months :
March. ...
16
10
9
April....
10
1952 -January,,
FebrufllT,
May
June
1
July, , ,..
Augiist,
.
September
6
3,866
3,867
3,867
U
18
15
16
16
11
II*
3,865
3,858
3,853
11*
lU
18
16
15 P
ll* p
3,838
3,829
6
7
6
il
13
3,81*9
..
31
November 1952
.UNITED STATES SAYINGS BONDS.
Table 3.- Sales and Redemptions by Perlodst Series E through K
-
(Continued)
(In mlUiona of dollars)
.Accrued
Sales 2/
dlecouDt
Sales plus
accrued
discount
Series G 5/
Flacol years:
191*1 and 19I+2
Fiscal year:
86
1952
Months:
29
5T
1952 -May
June
July
Augus t
. .
37
September
30
.
Redemptions
Sales
price
Accrued
discount
Amount outstandiJig (Interestbearing debt)
Treasury Bulletin
32
.UMITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In i«<in/tna of dollars)
Matnrad booas 8/
Period 1/
FlBoal jearsi
1931
1952
Total
maturod
Sorlee
A-D
Tbmatured bcoda 2/
For
oaafa
In ozohanga
for Sarlae a
or K
Total
unmaturad
6,137
5,109
817
792
779
90
38
702
69'i
5,8ltO
987
5,651
772
987
522
250
2lt5
1*93
101
103
85
91*
96
80
93
95
79
392
308
It38
81
Ua3
't31
73
73
77
70
70
U68
90
399
It 17
83
86
80
78
76
Sales
prlca
Accrued
discount
32lt
5,320
^,317
"1,996
'*,853
"•,583
li,571
270
308
31*3
371
287
321
21
21
22
76
69
69
357
333
31.9
328
337
21
86
79
75
378
316
338
35"t
2l>
295
317
21
21
37
271
Calsndar years I
1990
1951
It,
879
Mod thai
1952 -January...
February .
March
April
May
J\me
July
August, ,
September.
.
im
Source I Dally Treasury Statanant.
1/ Details by series on a otsnulatlre baala and by periods for Series A-D
ccmblned will be found In the February 1952 and previous lasiiss of the
"Treasury Bulletin"
2/ Incliidea exohanges of natured Series E bonds for Series G bonds beginning May 1951 and for Series E bonds beginning Nay 1952.
3/ Includes both aatured and unmaturad bonds] see Table It.
1/ Sales began June 1, 1952.
^J
358
23
22
Bales vers dlsooatinued after April 30, 19^.
Salea began Ma/ 1, 19^.
Cos^arablo data are not ar&llable prior to January 19y),
Of the total naturlty ralue, 1^ la laaue porloe and 25^1 la aoorued
discount.
Inolodes redamptlona not yet olasalflod.
LsBB than $^00,000.
Preliminary.
November 1952
J3
.UNITED STATES SAVINGS BONDS.
Table 5.- Sales and Redemptions, by Denoni nations. Series B and U and Series F, G, J, and K
Treasury Bulletin
i^
.UNITED STATES SAVINGS BONDS.
Table 5.- Sales and Redemptions, by Denominations, Series B and H and Series F, G, J, and K
(Continued)
(In thousanda of pieces)
Series F, G, J, and E combi n ed 6/
Total, all
danon*
inatlons
Fiscal years I
*25 1/
$100 8/
$500
1,000
$5,000
$10,000
$100,000 2/
)
November 1952
35
.TREASURY SAYIBGS NOTES.
Treasury tax and savings notes have been Issued In
Tax Serlee A from August 1, 19'*1, through
five series:
June 22,
19't3;
September 12,
Tax Series B from August
19*^2;
\3^\, through
1,
Savings Series C (originally designated
Tax Series C) from September
ll)-,
igltS,
throu^ August
3I,
I9W;
Savings Series D from September l,19lt6, through May 14, I95I;
and Savings Series A beginning on May 13,
Series A and B, see 'Annual Report of the Secretary of the
Treasury" for 1942, pages 207 and 220, and for sales and
redemptions by fiscal yeare and months, see "Treasury
Bulletin" for February 1946, pages 42 and hj.
Vj'j'i..
Details concerning terms and conditions for purchase
and redemption and investment yields of Savings Serlee A
appear
issue. For details concerning terms and conditions, invest-
ment yields, and tax payment or redemption values of
in the June I95I issue of the "Treasury Bulletin",
In the following tables sales and redemptions of
Treasury savings notes art shown at par value. Matured
notes redeemed (either for cash or for tax payment ) are
included in the figures on redemptions. Matured notes
issues,
outstanding are reflected in the interest-bearing debt
until all notes of the series have matured, when they are
and with respect to Savings Series C in the October 19't5
transferred to matured debt upon idiich interest has ceased.
page A-1.
Similar information with respect to Savings Series D
will be found in the October
19'^8
and September
19'*9
Table 1.- Sales and Redemptions by Series, Cumulative through September 30, 1952
(In mllllone of dollars
36
Treasury Bulletin
.OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In mllllonfl of dollars)
November 1952
37
.OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Far reassa l/
-
la tilllloni »f dollan)
Treasury Bulletin
38
.TREASURY SURVEY OF OWMZRSHIP, AUGUST 31, 1952The Treasury Survey of Ownership covers securities
Issued by the United States Government and by Federal
agencies. The banks and Insurance companies included
in the Survey account for apppoxlmately 95 percent of
such securities held by all banks and insurance companies
Data were first published for
in the May 194l "Treasury Bulletin".
in the United States.
March
31,
19^1,
Information on the distribution of ownership by types
of banks and insurance companies is published each month.
Additional Information showing the holdings of commercial
banks distributed according to Federal Reserve member
bank classes and nonmember banks is published for June 30
and December 3I.
Section I.- Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par TalUBS
-
In mllllona of dollars)
November 1952
39
.TREASUPy SURVEY OF OWNERSHIP, AUGUST 31, 1952.
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 3.- In teres t -Bear Ingr Public Marketable Securities by Issues
(Par values
-
in millionB of dollare)
Treasury Bulletin
40
.TREASURY SURVEY OF OWNERSHIP, AUGUST 31, 1952.
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- IntereBt<-Bearlng Public Marketable Securities by Issues - (Continued!
(Par TSlues
-
In nlUlans of dollars)
kl
November 1952
.TREASUKY SURVEY OF OWNERSHIP, AUGUST 31, 1952-
Section II
-
Interest-BearlitK Securities Issued by Federal Agencies but
not Guaranteed by the United States Government
(
Par values - In mlUlona of dollars ]
Treasury Bulletin
1^2
,
MAEKET QUOTATIONS, SEPTEKEER 30, 1952.
Current market quotations shovm here are over-thecounter closing 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
quoted In the market.
The Issues excluded are postal
savings bonds and Federal Housing Administration
Section
I
debentures.
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 Oovernment. Dally quotations for the
securities listed In Sections
and II are published
monthly In the Treasury Department statement, "Prices
7.
and Yields of Public Marketable Securities Issued by
the United States Government and by Federal Agencies".
- Securities Issued or Guaranteed by the United States
Table 1.- Treasury Bills (Taxable)
Afflomit
GoTenaent
November 1952
^i
MAHKET QUOTATIONS, SEPTEMHEP 30, I952.
Section
I
-
SecuritleB Issued or Guaranteed by the United States Government
Table 3.- Other Taxable Issues - (Continued)
(Frlce decimals are 32iidB)
Treasuri/ Bulletin
1^1^
MARKET QUOTATIONS, SEPTEMBER 30, I952.
Section II
-
SecuritleB Issued by Federal Agencies but not Guaranteed by the United States Government
Table 2.- Other Issues (Taxable)
{Price decimalfi are 32Dd8)
Amount
November
mP
^5
MARKET QUOTATIONS, SEPTEMBER 30, 1952-
YIELDS OF TREASURY SECURITIES. SEPT. 30,1952
Based on Mean
of Closing Bid
and Ask Quotations
.
..
Treasury Bulletin
16
.YI2XDS OF TREAStXRY AMD CORPORATE BONDS.
Table 1.- Average Yields of Long-Term Bonds by Periods
(Percent per annum)
Treaaury bonda
Period
Partially
tax-exempt
1/
Taxable
1/
Troaaury bonds
grade
corporate
bonds
Partially
tax-exempt
1/
Annual eerles
3.12
2.79
2.69
19i>t
1935
1936
1937
1938
1939
-
2.26
2.05
2.09
1.98
19''1.
2.711
2.61
2.ltl
191*2.
19't3.
19'A.
1.92
1.66 1/
191*5.
Monthly aerlee
19'>7-Jan..
Feb..
Mar..
2.21
2.21
2.19
2.1*8
2.1*8
Apr..
Hay..
June.
2.19
2.19
2.22
2.1*9
2.1*9
July.
Aug..
Sept.
2.25
corporate
bonds
PartlaUj
Taxable
tax-exempt
1/
i/
calendar year averagea of monthly serlea
3.93
3.19
3.27
3.12
2.92
Taxable
1/
Treasury bonds
Highgrade
-
2.1*6
2.77
2.67
2.75
191*6.
2.19
2.25
191*7.
191*8.
2.1*7
2.1*8
2.61*
191*9.
2.60
2.37
2.51*
1950.
1951.
2.1*1*
2.31
2.32
2.57
areragea of dally aerlea
191*9 -Jan..
2.1*2
2.39
2.38
2.73
2.73
2.71
1951 -Jan..
Feb..
Mar..
2.39
Feb..
Mar..
2.50
Apr..
May..
June.
2.38
2.38
2.38
2.70
2.71
2.72
Apr.
May..
June.
2,56
2,63
2,65
2.51
2.51
2.57
July.
Aug.,
Sept.
2.27
2.21*
2.22
2.66
2.60
2.59
July.
Aug.,
Sept.
2.63
2.57
2.56
Oot..
Rot..
Ceo..
2.27
2.36
2.39
2.68
2.75
2.86
Oot..
Not..
Deo..
2.22
2.20
2.19
8.59
2.56
2.55 i/
Oot..
Not..
2.61
2.66
2.70
19U8-Jas..
Feb..
Mar..
2.1*5
2.1*5
2.85
2,20
2.51*
2,21*
2. 51*
2.1*1*
2.81
1950 -Jan.
Feb..
Har..
2,27
Apr..
Hay..
June.
2.1*1*
2.77
2.1*2
2. 71*
Apr,
May..
June.
2.30
2.31
July.
Aug..
Sept.
2.1*1*
July.
Aug..
Sept.
2. 31*
Oot..
Not..
Dec..
2. Its
Oot.
Not,
Dec.
2.21*
2.1*9
2.81*
2.1*1
2.1*5
2.1*5
2.1*1*
2.1*1*
2.81
2/
2.21*
Dec.
2.1*0
2.1*7
2.55
1952 -Jan.
Feb..
Har,.
2.71
2.70
2.57
2.57
2.59
Apr. ..
May..,
June..
2.57
2.61
2.33
2.36
2.61
2.58
2.62
July.
Aug..
Sept,
2.70
2.71
2.38
2.38
2.39
2.651*/
2.66
2.66
2.33
2.71*
2.61*
2.61
5/
November 1952
^7
.YIELDS OF TREASUBY AND CORPORATE BONDS.
a
o
CD
LJ
o
o
o
>-
.
Treasury Bulletin
hg
.IHTERRAL EEVEHUE COLIZCTIOHS.
Table I.- Sumaary by Principal Sources^
(In thousands of dollars)
Total Tecelpts frcm
Internal
revenue
(Dally
Fiscal year
or month
Tresflury
Individual Innomft tax and employment taxes
Adjuetanent of
collections
to Dally
Treasury
Statement
Total
Internal
revenue
collections
Corporation
Income and
profits
taiee 2/
Individual
Income tax
not withheld i/
Individual
Inffi-ima taX
Withheld
y
Statomant)
191*2
,
12,993,118
191*3
22,11*3,969
19Wt
1*1, 681*,
191*5
191*6
1*3,902,002
1*0,310,333
987
-36,797
755
13,029,915
-361,589
22,368,721*
1*0,119,510
1*3,800,338
1*0,671,922
-221*,
+1,565,1*77
+101,661*
U, 71*1*, 083
9,668,956
9,81*2,282
9, 1*61*, 201*
U, 533,577
1*0,1*63,119
1950
1951
1952
39,1*1*8,607
+1*91,1*82
38,957,126
51,106,095
+660,1*09
50,1*1*5,686
65,631*, 891*
+625,502
65,009,393
11*, 387, 569
21,1*66,910
813, 105
6,970,991*
9,533,81*1
310,611
5,912,713
1*,
April
5,0311,852
+7,1*01
May
1*,
1*90, 907
9,992,383
-939,910
+1,199,593
3,792,790
3,1*13,233
-1*30,755
3,31*3,988
1*08, 351
-988,280
5,396,631
June
July
August.
..
1*,
5,027,1*51
5,1*30,817
1,1*58,931*
9,501,015
39,108,273
Ul, 861*, 536
-155,831*
-1*3,595
211,151
265,011
281*, 758
281*, 258
21,367,662
23,379,123
20,527,935
19,797,883
26, 621*, 788
33,738,370
+271,136
-11,051
-903,271
+1,107,122
9,857,589
1,290,025
1,307,931
1,237,825
9,676,757
1*1,853,1*85
769, 509
6,062,723
170,1*09
1,131,51*6
8,81*6,91*7
39,379,1*09
1*,
895,336
686,015
20,1*05,361*
1*0,307,285
10,61*0,963
10,261*, 219
10, 171*, 1*10
11,553,669
10,851*, 351
807,1*68
3,177,81*5
5,81*0,010
2,789,962
7,996,320
7,261*, 332
9,907,539
11,51*5,060
2,329,955
1,1*61*, 298
2,133,195
1,612,721
10,055,502
1,687,151
9,888,976
1,873,1*01
2,810,750 5/
13,089,769 5/
21,313,072
379,555
560,103
562,731*
51*8,038
579,778
620,622
8ll*,231
3,877
172, 031
536,555
1*2,713
106,721*
1,330,292
3,51*1.
1*,
1,277,897
350,539
5,659,129
2,920,520
250, 1*96
1,583,272
221, W*6
2,281,619
1,1*77,728
706,625
957,770
356,938
1,939,176
1*, 190, 037
393,125
93,368
1,538,781
1*, 012, 275
1*,
Eallroad
retirement
7,823,1*35
20,813,1*91
191*9
.
3,262,800
16,027,213
12,553,602
191*7
191*3
1952 -January,.
February.
March. .
1*1*8,162
8,128,637
19,999,378
1*,
5,91*3,917
10,1*37,570
8,770,091*
lU, 766, 796
Old-age
Insurance
taxes on
employers
and employees Uj
3,955,1*69
58,605
986
91*,
3,026
69,755
Unemployment
Inflxnrance
119,617
156,008
183,337
186,1*89
173,71*5
185,876
208,508
226,228
223,135
236,952
259,616
29,782
160,969
13,1*88
3,1*12
ll*,976
2,279
l*,2l*3
lit,
639
i^9
November 1952
INTEENAL REVENUE COLLECTIONS.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
DOLLARS
DOLLARS'
Billions
Billions
36
36
34
32
30
28
26
24
22
20
18
16
14
12
10
8
6
4
2
4
2
Income Tax and
Employment Taxes
Individual
)
)
.
Treasury Bulletin
50
INTERNAL REVENUE C0LLECTI0N8
Table 2.- Detail of Collections by Type of Taxi/
(In thouaaodB of dollars)
First 2 months of
fiscal year
Fiscal year
Second month of
fiscal year
Type of tax
1951
Corporation Income and pa-oflte taxes 2/
1952
1952
1953
1952
(August 1951)
1953
(August 1952)
111,387,569
21,1(66,910
886,197
1,314,708
289,964
356,938
Income tax not withheld X/
Income tax vlthheld and old-age Insurance k/
Ballroad retlrejaent
lAiemployment Insurance
9,907,539
15,900,519
579,778
236,952
11,545,060
21,313,072
620,622
259,616
436,754
4,758,531
36,680
17,296
486,493
5,551,056
72,782
18,883
115,624
3,600,104
35,586
14,580
93,368
4,012,275
69,755
14,639
Total Individual Income tax and employment taxes
26,6211,788
33,738,370
5,249,261
6,129,213
3,765,894
4,190,037
638,523
750,591
120,273
151,873
65,236
68,899
91,207
82,556
2,008
1,480
1,011
902
172,362
187,479
1,402,220
31,812
3,753
68,621
25,754
187,457
4,458
406
8,331
24,739
229,282
4,104
421
9,938
12,682
106,064
2,546
202
4,469
10,945
104,855
1,896
215
5,110
5,990
10,806
U,lt62
15,287
28
1,285
12,080
99,241
722,150
5,132
2, 51(6, 808
Individual InccaiB tax and employment taxes :
Miscellaneous Internal revenue :
Estate tax
01ft tax
Idiluor taxes:
Distilled spirits (imported, excise)
Distilled spirits (domestic, excise)
Distilled spirits, rectification tax
Wines, cardials, etc. (ijsported, excise)
Wines, cordials, etc. (domestic, excise)
Dealers in distilled spirits; rectifiers;
of stills (special taxes)
Stamps for distilled splrite intended for
Case stamps for distilled spirits bottled
Container stempe
Floor taxes
Fermented malt liquors
Brevers; dealers in malt liquors (special
l,57'»,lt72
38,053
3,738
63,516
manufacturers
9,161
export
in bond
•.....•
3,379
4
*
94
141,523
2,829
258
1,687
5,861
160,239
3,389
70,992
864
2
90
78a
3,869
73,028
1,018
2,549,087
378,634
450,728
200,566
205,189
llll,220
44,760
7,264
7
4,102
4
7
50
12
1
*
1,293,966
7,235
33,870
1,474,060
4,796
22,817
1
1
913
2
17,752
129,074
381
3,498
97
143,438
346
1,533
1,01(1
234,961
1,108
5,617
199
7,562
8
1
278,244
554
2,900
162
3,736
56
1,380,396
1,565,162
249,157
289,437
137,156
149,133
56,105
28,679
54,914
22,577
10,477
3,352
930
9,389
1,901
1,019
5,601
1,693
586
1
5,282
422
627
2
1,090
921
111,
12
665,009
taxes)
Total liquor taxes
Tobacco taxes:
Cigars ( large)
Cigars ( small
Cigarettes ( large)
Cigarettes (small)
Snuff
Tobacco ( chewing and smoking
Cigarette papers and tubes
Leaf dealer penalties , etc
Cigarette and cigar floor taxes
Total tobacco taxes
1,695
2
147
1,736
12
^
1
1
956
5
73
Stamp taxes:
Bonds, issues of capital stock, deeds of conveyance,
etc
Transfers of capital stock and similar Interest sales....
Playing cards
Silver bullion sales or transfers
Total stamp taxes
Manufacturers' excise taxes:
Lubricating oils
Gasoline
Tires and tubes
Automobile trucks and busses
Other automobiles and motorcycles
Farts snd accessories for automobiles
Electrical energy 5/
Electric , gas , and oil appliances
Electric light bilLba and tubes
Rsdlo sets, phonographs, tslevlsion sets, components, etc
Phonograph records
Mus ical instruments
Mechanical refrigerators, air-condltlonars , quick-freeze
units , etc
Matches
Business and store machines
Photographic apparatus
Sporting goods
Firearms , shells and cartridges
Pistols and revolvers
Mechanical pencils, pens, and lighters 6/
,
Total manufacturers * excise taxes
Footnotes at end of table.
7,353
86
23
13_
93,107
84,931
14, 782
12,322
7,882
6,333
97,238
95,286
713,174
161,362
147,445
578,149
164,135
53,094
89,544
30,736
118,244
6,880
9,412
15,564
112,587
32,196
20,268
99,547
21,485
17,420
15,522
4,902
11,025
1,224
1,342
13,158
156,506
27,687
41,990
103,026
29,672
9,730
64,817
14,335
9,957
46,878
10,710
9,065
6,461
2,508
5,165
519
6,057
74,181
11,592
I8;6l8
51,012
15,801
57,970
8,032
48,515
33,766
16,501
10,679
1,172
4,816
12,311
1,008
8,448
8,664
3,809
1,679
291
16,027
1,528
8,708
5,212
2,529
1,960
176
1,314
5,645
371
4,492
4,203
1,937
605
179
9,862
888
4,174
3,026
1,104
795
104
585
2,348,914
389,294
448,816
198,300
219,226
569,01(8
198,383
121,285
653,363
119,1175
93,l8l(
121,996
30,28l(
128,187
7,007
10,756
96,319
10,169
1(4,1(91
1(6,020
17,862
17,81(6
762
2,383,677
(Continued on follovlng page)
16,907
5,177
14,896
774
1,569
693
9,474
2,547
8,152
457
797
)
November
51
19'j2
_INTEFiHAL REVENUE COLLECTIONS.
Table 2,- Detail of Collections by Type of Taxi'^- (Continued)
(
In thousands of dollars
First 2 months of
fiscal year
Fiscal year
Type of tax
MlscellanaouB Internal revenue (continued]
Retailers* excise taxes:
Furs
Jewelry
Luggage
Toilet preparations ...•...•.••
1951
195s
57,601.
51,1>36
220,1.03
••.......
210,239
82,831
106,339
157,013
MlscelLoneouB taxes:
Sugar Act of 1937
Telephone, telegraph, radio, and catle facilities
Local telephone aerrice
Transportation of oil by pipe line
Transportation of persona , etc
Transportation of property
Leases of safe-deposit boxes
Adjnissions to theaters, concerts, etc
Adioissions to cabarets, roof gardens, etc
•
Club dues and Initiation fees
Bowling alleys, pool tables, etc...,. ...•...,
Coin operated devices
Adulterated and process or renovated butter, and filled
cheese
Narcotics, including marihuana and special taxes
Coconut and other vegetable oils processed
National Firearms Act
Diesel oil 2/
Wagering taxes 6/
All other, including repealed taxes not shown separately
Total miscellaneous internal revenue
Total internal revenue collections
Adjustment to Dally Treasury Statement....
Internal revenue (Dally Treasuiy Statement).
3,187
3,057
31., 1.12
3'.,909
520
19,151.
15,707
18,207
''75,530
71,273
90,799
112,892
11.,
1953
(August 1952)
1,561
17,556
16,200
7,lli9
7,201.
10,253
8,81.9
71,880
36,518
33,705
8,258
38,038
27,016
7,900
30,297
19,972
1,998
26,122
31,309
78,1.73
18,877
13,876
395, '.3'.
80,1.16
711,616
310,337
26,881
55,368
275,171.
50,871
70,665
1,999
63,105
61,230
7,522
50,130
65,255
388,589
10,211
330,78s
11,632
1.5,1.89
7,981.
33,592
3,597
18,823
6,220
2,318
11,628
2,1.57
57,002
8,057
6,793
2,117
12,6lU
2,1.98
28,325
35,531
930
11,058
3,353
l,Olil
5,1192
1
1
1
210
3,051
209
3,133
3I1
1,699
k
1
1,260
1,5115
28,309
li,286
1.
3
1,1.51
3'.,3'i9
979
15,205
29
7,138
5,31.5
Total miscellansous taxes
flxan
1952
(August 1951)
1953
:
Total retailers * exclae taxes
Total receipts
195a
Second month of
fiscal year
920
6,0U0
1
39
1,872
li
2,612
2,128
1,203
989
166,268
3117
83_
l,9'*7,3'tl
377,'.31
370,161
9,'t33,32e
9, 804, 112
1,602,853
1,796,697
837,573
50,1*5,686
65,009,393
7,738,310
9,21.0, 619
l.,893,»i31
+66o,li09
+625,502
-1,192,838
-1,1.19,035
-956,050
51,106,095
65, 631., 891.
6,5l.5,'i73
7,821,581.
3,937,382
190,905
e
.
Treasury Bulletin
52
.MOHETARY STiOIISTICS.
Table 1.- Money in Circulation
(In millions of dollars except as noted)
Paper money
End of fiscal
year or month
Total
money In
circulation 1/
Total
paper
money
Gold
certificates
2/
111*
106
99
321
318
318
22,760
27I*
83,1*56
21*3
38
2,177
2,092
2,088
21*, 605
221
86
81
77
27,552
38
8,079
316
81*, 807
832
79
86,755
86,835
86,836
38
38
38
1,966
1,998
2,030
308
2l»,135
313
21*,
79
79
315
81*, 11*7
889
228
886
86,813
27,102
2,01*1
315
318
318
21*,
883
288
881
78
78
27,31*8
38
38
38
87,892
27,598
27,709
38
38
37
8,063
2, 080
315
316
318
2U,58o
218
217
815
77
27,156
27,809
29,086
25,661
86,831
1*1
27,31*8
89,206
28,386
July
88,978
89,893
August.. . ...
September p
28,767
29,026
89,lHl*
y
120
w^g
28,li6U
National
bank
notes
1*06
1950
1951
1952
April
May
June
Federal
Res err
Bank
notes
1*61*
88,297
27,903
27,^93
28,1*65
88,li73
Federal
Reserve
notes
527
a8,2li5
19lt7
.
i/
United
States
notes
88,867
23,973
23,999
23,600
23,209
1946
1951-I>ecember.
Treasury
notes
of 1890
383
317
380
381
319
26,7^6
1952 -January
February...
March
certificates
1,651
8,025
2, 061
2,061
2, 061
19't5
igltS
surer
25,5''l
26,9115
26,9lt8
86,1*82
26,031*
52
50
1*8
1*5
1*3
39
2,090
2,088
2,091*
179
116
81*,356
81*, 605
2l*,&70
21*,
967
353
309
93
78
77
6
3
7
.
6
November 1952
53
.MOHETABY STATISTICS
.
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
End of fiscal
year or month
Gold
per
fine ounce)
(35
Silver
($1.29+ per
fine ounce)
Eatlo of silver
to gold and
silver in
monetary stoclta
(
191*7
191*8
20,213.0
20,269.9
21,266.5
23,532.5
191*9
21*, 1*66.
1950
1951
1952
21*, 230.
In percent)
3,685.8
15.1*
3,508.1*
1U.8
3,525.7
3,571.0
3,618.3
11*
13.2
23,31*6.5
3,671.5
3,718.5
3,768.5
22,695.5
3,71*1.3
ll*.2
22,951.1
23,190.9
23,290.5
3,71*6.3
11*
3,751.1
3,755.1
13.9
13.9
23,297.1
23,296.1
3,760.8
Hay
June
23,31*6.5
3,768.5
July
August ,..«..
23,350.5
3,773.3
3,777.8
5,778.8
19''5
191*6
21,755.9
1951-Deceffliber.
.
.
1952 -January
Fel)ruary....
March
April
23, 31*1* ,1*
23, 31*1.
Septeanber p.
Source: Circulation Statement of U. S. Money; Dally Treaoury Statement for
preliminaiy figures. For detail of silver monetary stock, see Tatle 1*.
p
.2
13.2
12.9
11*.
13.9
.0
3,761*.9
Preliminary.
Table 3.- Gold Assets and Llabllltlee of the Treasury
13.9
..
.
U
.
.
Treasury Bulletin
5^
-MONETAEY STATISTICS.
Table 4.- Components of Silver Monetary Stock
(In mlllionfl of dollars)
Silver held In Treaaiiry
End of calendar
year or month
Securing allver cartlflcates l/
Silver
turn on 2/
wit?
19W
19'^7
ISltS
I9U9
1950
1951
1952 -January....
Februai7 .
.
March
Silver
dollars
Silver outside
Treasury
Bullion for
recolnnge hj
Subsidiary
coin
^
Bullion
at coat g/
1,703.9
1,911.2
1,937.6
1,971.5
2,003.2
356.lt
10.2
3''3.'t
llt.O
337.2
328.1
321.9
13.1
5.9
185.6
93.1
91.1
89.3
ll.lt
2,0lt0.7
2,073.5
312.8
301.0
2,076.5
2,079.6
300.7
300.7
12.lt
2,08l».0
300.
16.2
April
Moj
June
2,085.1*
July
August
September p
2,095.2
2,098.5
2,101.8
2,089.9
2,093.0
Total
allver
at $1,29+
per fine
ounce
In General Fund
Silver
do]J.ars 1/
Subaldiary
coin 3/
81t6.7
3,512.8
901.1
928.7
971.5
982.2
3,51lt.2
3,5lt7.9
9lt.lt
137.5
150.1
156.3
165.0
171.0
3.6
1.7
95.1
82.0
179.8
191.3
1,022.2
1,083.1
3,697.1
7. It
81.0
78.1
73.8
191.5
191.6
191.8
l,081t.0
3,7lt6.3
1,085. It
3,751.1
3,755.1
7lt.2
192.3
193.1
299.8
299.0
12.5
9.2
297.lt
lt.6
295.5
293.6
292.7
6.6
11.9
9.3
70.7
68.0
6lt.5
i96.lt
58.1
198.3
199.2
5lt.l
Source: Circulation Statement of U. S. Money; Dally Treasury Statement for
certain preliminary figures
Valued at $1.29+ per fine ounce.
1^ Includes silver held by certain agencies of the Federal Government (see
Dally Treasury Statement for amount). Does not include silver lendleased to foreign govemiDents (these transactions all took place during
the fiscal years 19lt2 through 19lt6; aee 19lt6 Annual Report of the
^y
hJ
p
*
19lt.5
Secretary of the Treasury
Valued at $1.3 8+ per fine
Valued at $1.38+ per fine
to whether the bullion is
coins or for recoinage of
Preliminary
Loss than $50 thousand.
3,596.7
3,6lt3.1
3,7ltl.3
1,088.5
1,095. It
3,760.8
l,10lt.O
3,76lt.9
1,113.3
1,119. It
3,768.5
3,773-3
3,777.8
3,778.8
1,125.1
l,13lt.lt
for amounts),
ounce.
ounce or at $1.29+ per fine ounce according
held for recoinage of subsidiary silver
standard silver dollars,
Table 5.- Sliver Production In the United States and Acqulsltlone by Mints and Assay Offices
A/
(In millions of ounces or dollars)
Calendar year
or month
Silver
production in
United States
Silver acquisltionfl by mints and assay offices
Newly mined domestic
silver 2/
Foreign silver
191*7
19lt8
29.0
21.1
38.6
39.2
19119
3lt.9
36.8
33.0
29.9
1950
1951
1(2.3
ltl.3
37.lt
ItO.O
36.1
32.7
I9I15
19lt6
.9
.6
lt.9
It.li
30.3
y
27.it
3.8
3.5
3. It
3. It
3.9
3.5
April...,
It.O
3. It
Ha;
June
3.3
3.3
2.9
2.5
July
3.3
2.3
August..
3. It
3.8
3.5
Source: Annual figures fran the Bureau of the Mint. Monthly figures on
U. S. silver production ftrcm releaaea of the American Bureau of Metal
Statistics; these will not agree with the annual figures.
1/ For information on silver production in other coimtries, aee annua.!
reports of the Director of tile Mint. Data from 1933 through 1941 are
summarized in the "Treasury Bulletin" for Augiist 191*3, page 7lt.
2/ Acquired at 71.11 cents per fine ounce from July 1, 1939 to July 2, 19lt6;
y
33.3
February
March.. .,
1952 -January.
^
3.2
^
hJ
and at 90.5 cents per fine ounce since July 2, 191*6.
No foreign allver has been purchased under the Silver Purchase Act
of 193lt since May 19lt2.
Includes 0.2 million ounces valued at 71.11 cents per fine ounce
totalling $0.2 million, and 30.1 million ounces valued at 90.5 oenta
per fine ounce totalling $27.2 million.
November 1952
55
.MDKET.ABY STATISTICS
.
Table 6.- Seigniorage on Silver
(CumulatlTe frcan Januar7 1, 1935 " 1^ mllllone of dollars)
Treasury Bulletin
56
EXCHANGE STABILIZATION FUND
Table 1.- Balance Sheet as of June 30, 1051, and
June 30, 1952
57
November 1952
EXCHANGE STABILIZATION FUND.
Table 2. - Incoae and Expense
jaaamrj ^1, 195^, througb
JuM 30, 1951
CLuaifloatlon
JaauuT
Jvaa 30,
31, 193U, through
19¥
Ipooael
Prof lt« on
Ita*ltiah
sterllag trsBaaotlona
Frofita CO ?ranoh franc tranaaotlona
Proflta on
goM
•
bullion (Inoludlng iroflta froa handling oharges on gold).
Prof Ita on othar gold and axohange transaotloaia
310,638.09
$310,638.09
351,527.60
351,527.60
'»9,385,251.78
53,863,358.93
1*0,000,000.00
1(0,000,000.00
102,735.27
102,735.27
Proflta on aala of ailTor bullion to Tr«aaur7 (natlonAlitad)
3,473,362.29
3,1*73,362.29
Proflta CO Innraataanta
1,876,790.55
1,876,790.55
Intarest on Inreatnanta
7,698,066.89
8,198,066.89
861,5^6.93
861,51(6.95
Int«reBt aarnad on f oralgn balanoea
2,81*9,683.19
2,81(9,683.19
Xntareat aamad on Chlnaaa yuan
1,975,317.07
1,975,317.07
108,8811,919.66
113,883,026.83
7,1(62,286.92
8,753,788.26
TraTol
392,969.30
1(45,01(6.91
Tranaportatlon of thlnga
65li,ll>7.75
671,1(13.57
CoBBunloatlona ............................................................
539,1*22.99
557,523.13
Profits on a llvar tranaaotlona
Miaoallanaoua proflta
Total Inocaaa
Expenaal
ParaonAl sarrloaa
Suppliaa and naterlala
Othar
Total azpenso
Bat Inccna
88,926.110
99,193.9't
1,186,321.20
1,304,1(07.33
10,32U,07*.56
1J.,831,373.11(
98,360,8115.10
102,051,653.69
5S
Treasury Bulletin
.CAPITAL MOVIMENTS.
Data relating to olalma on foreigners and llabllland capital movements between the
United States and foreign countries, have been collected
tiee to foreigners,
since 1935, pursuant to Executive Order 656O of January 15,
1934, and Treasury regulations thereunder.
Information
covering the principal types of data and the principal
countries la reported each month by banks and bankers and
the data for January I95O.
Attention Is called to the
fact that edthough the grand total figures on the revised
reporting basis are reasonably comparable with those for
preceding months, data for Individual countries In some
Instances are not comparable because of certain changes In
coverage and geographical classification.
securities brokers and dealers In the United States. This
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
All reports are made Initially to the
The supplementary Information, contained In Section IV,
frequent Intervals.
llabllltiea to foreigners as reported quarterly by ejqjortere,
Federal Reserve Banks, which forward consolidated figures
to the Treasury.
United States. This Information was published for the first
The term "foreigners" as used In these reports covers
all Institutions and individuals (Including United States
citizens) domiciled outside the United States, as well as
International organizations, wherever domiciled, created by
treaty or convention between sovereign states. "Short-term"
refers to original maturities of one year or less, and
"long-term" refers to all other maturities.
A detailed
dlecuBslon of the reporting coverage, basis of reporting,
and derivation of capital movements figures appeared In
the April 1950 Issue of the "Treasury Bulletin", pages 50-52.
Revised report forms and regulations became effective vlth
Section
I
-
Importers, and Industrial and commercial concerns in the
time In the October 191*9 Issue of the "Treasury Bulletin"
and begins with data for September JO, 191+6.
Table 2
supplies Information by countries on long-term claims on
and liabilities to foreigners as reported by banks and
bankers in the United States.
This table appeared for the
first time in the December 19^+9 Issue.
Data are for the
end of the calendar year beginning with
not regularly reported separately by banks and bankers.
the earliest date being October 19'*3.
Historical Summary
negative fl^^ures Indicate a net outflov of capital fX'an the United States)
AnalyalB of net capital morenent Inl
Calendar year or mcdth
Het capital
OlOTeDlffllt
Table 3
This table appeared for the first time in the April 1950
issue. The data have been requested at Irregular Intervals,
Table 1.- Net Capital Movement between the United States and Foreign Countries
(In thouBandlB of dollare:
19'*2.
gives information on short-term liabilities to countries
Short-teiBi
banjclng funds
firdkersge
balances
Trans aotions
In dcnestlc
securities
•
.
,
59
November 1952
.CAPITAL MOVIJEMTS.
Section
I
-
Historical Sumoary
Table 2.- Short-Term Claims on and Liabilities to Foreigners
(Position at end of period In thouaandB of dollars)
Short-term liabilities to farel«nera
Short-tezn claljna on forel^nars
of calondar
7ear or month
^^?n(^
Payable in dollars
Payable In dollars
Payable
In
foreign
currencloe
Loans to
foreign
banks
Deposits
of
4,356,501
4,^6,621*
4,693,911
21,641
25,5^6
40,629
3,958,716
5,116,974
5,267,081
6,490,302
5,772,009
4,809,245
5,209,820
5,073,586
5,503,872 1/
5,382,062
2,257,510
2,437,751
2,493,334
3,095,992 1/
3,847,912 r
49,664
70,389
51,039
44,911
72,226
6,167,483
6,699,260
6,790,105
7,746,809 1/
8,333,757 r
5,201,267
5,385,595
5,408,459
3,9U,298
3,876,189
3,933,153 r
105,984
130,493
131,714
8,222,538
8,427,839
8,468,956 r
9,583,185
9,953,153
10,038,052
5,'»03,715
5,689,642
5,717,921
4,057,706
4,163,933
4,235,599
121,764
99,578
84,532
8,563,499
8,914,497
9,005,949
10,31*2,012
5,754,567
5,798,212
4,509,127
4,653,340
78,318
62,365
9,299,988
9,444,597
30,916
72,01*8
86,378
5,37'*,903
1*,
19W*
329,691*
3lt,387
5l*,603
11*3,709
137,161*
1*,
257,929
105,1*21
169,670
ISltS
U7,'t89
V=ik6
392,766
708,253
100,267
319,639
21*5,010
290,1*95
5,596,775
6,883,068
im
91*8,936
165,1*39
7,116,1*19
1,018,700
100,371
V^9
827,851*
897,966
968,1*1*3
91,808
177,21*6
557,132
1*91*, 331
506,268
699,389
7,717,960
7,617,959
1950
1951
110,801*
21*0,583
292,866
361,197
222,719
151,115
1*90,631
19lt8
1952 -January.
996,011
79,562
96l*,l*36
70,1*1*8
177,539
162,975
738,910
731,015
9,218,51*9
February
March,.
1,001*, 370
7l*,887
187,1*15
71*2,068
9,1*73,326 r
1,019,686
1,038,656
1,032,103
71*,
111
81,659
75,876
15l*,6l6
11*1,258
790,959
815,739
136,653
819,571*
1,01*2,021*
69,1*83
1,069,320
75,837
132,251
153,535
81*0,290
839,91*8
.
Hay
June. ...
July p..
August p<
1/
itlea
668,168
1,222,580
1,218,633
1,910,898
1,745,722
3,523,328
21*6,673
19'>3
April.
forel^
Ret
short- ton
llabll-
currencies
forei^jiore
I9U2
98,119
Payable
In
205,389
6,1*80,262
8,61*4,775 1/
9,302,200 r
9,392,277
10,513,917
Beglnnlnfi 1950, Includes certain deposit balances and other assets which
are held In specific trust accounts but which previously had been excluded
p
r
131*, 1*12
13,893
17,
9U
PrellmlnwTy,
Revised,
fron reported liabilities.
Table 3.- Net Movement of Short-Term Banking Funds
{In thousands of dollars; nsgatlve figures indicate a net outflow of capital frcm the United States)
Short-tem liabilities
Short-term claljus
Calendar year
or month
Loans to
foreign
banks
736,307
97,503
-11,256
-71,765
-63,072
307,187
15,933
-3,471
-20,216
7,114
6,409
20,671
-14,330
-19,043
5,154
422,711
60,899
6,545
-32,506
-75,340
-315,487
-240,683
-69,764
1Q0,846
-76,233
-70,477
-50,630
-67,320
65,068
-10,433
-129,779
148,775
-219,372
26,773
-68,331
138,478
65,483
-26,131
-45,485
-200,136
-66,501
62,801
-11,937
-193,121
-27,568
31,573
-39,932
12,246
9,114
-4,439
-293
14,564
-24,440
-39,521
7,895
-11,053
-83,651 r
173,728
81,049 r
-180,795
184,328
22,864
63,386 r
-35,109
56,964 r
33,758
24,509
1,221
-111,219 r
205,301
41,117 r
-15,316
-18,970
6,553
776
-7,548
5,783
32,799
13,358
4,605
-48,891
-24,780
-3,835
109,859 r
369,968
84,899
-4,744
285,927
28,279
124,553 r
106,227
71,666
-9,950
-22,186
-15,046
94,543 r
350,998
91,452
-20,716 r
342
303,960 r
171,905
273,528 r
144,213
-6,214
-15,953
294,039 r
144,609
1952 -January.,
February,
March
,
. .
April...,
May
June
July p..,
Augxist p.
1/
Payable
Net novement of
short -teim
banking
Payable
In
foreign
currencies
1935-41
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
Payable In dollars
Payable In dollars
See Table 2, footnote 1.
-9,921
-27,296
:
6,393
-6,354
:
4,402
-21,284
in
Deposits
of
foreigners
3,034,615
485,870
1,179,314
220,359
1,279,375
-418,422
636,207
601,541
-100,001
1,026,816 1/
657,1^5 r
Prel1m1n>iT7.
Serlsed,
2,806,001
105,607
620,884
220,576
583,205
-268,854
115,384
400,575
-136,234
430,286 1/
-121,810
36,646 r
43,645
foreign
currencies
266,156
385,365
554,412
-3,947
692,265
-164,651
511,788
180, 241
55,583
602,658 1/
751,920 r
-37,542
-5,102
4,018
3,730
3,905
15,083
9,035
20,725
-19,350
-6,128
27,315
funds
3,770,922
583,373
1,168,058
148,594
1,216,303
-733,909
395,524
531,777
90,845
950,583 1/
586,948 r
Treasury Bulletin
60
.CAPITAL MOVEMENTS.
Section
I
-
Historical Sunmary
Table 4.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In thousanda of dollars; negative figures Indicate a net outflow of capital frcnn the United States)
Calendar year
November 1952
61
_ CAPITAL
Section
II
-
MOVBffiHTS.
Somnary by Countries
Table 1.- Net Movement of Capital and of Short-Term Banking Funds
(In tbousaods of dollars; negative figures lj3dlcate a net outflow of capital from the Uolted Statae)
,
,
62
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section II - Sunmiary by Countries
Table 2.- Net Movement In Brokerage Balances and Long-Term Security Transactions by Foreigners
(In thouflands of dollars; negative figures indicate a net outflow of capital frcon the United States or net sales by foreigners)
Movement In brokerage balances
Trsnflactlonfl In long-term securities, dcBaeetic and foreign
1952
Country
April
Europe:
Austria
1952
May
July p
AuguBt p
April
-7
-36
-11
-217
-2
2
51*5
78
216
1,019
-12
-1,663
6
79
303
2,1*32
613
221*
-1
5
-137
22
1*89
2,519
318
12
-1
-21*
-52
-17
111*
207
-2,293
337
-337
-6,918
71*2
Belgium
Czechoslovakia
Denmark
Finland
-261*
126
-251
I*
-2
-2
55
-57
-22
1*3
1
-5
1*
France
Germany
Greece
Italy
Netherlands
-861
Ik
278
-27
175
-11*
-100
-39
-5
-2
-13
3
-230
-1,893
157
5"*
-21*5
-189
90
9
-305
-590
3,072
737
-3,'*37
-2,008
-12
-61*
36I*
18
23
-7
87
-38
8
-27
22
-8
Norway
Poland
Portugal
Bumanla
Spain
1
16
1*1*
-1*6
7
-29
Sweden
Switzerland
E
United Kingdom
-66
-72
53
1,686
2,932
-32
15
-2,130
-50
-19
-1,076
-1,001*
U. S. S.
July p
-9
-I4
-27
,
May
2
62
2
1
188
157
170
21*
-137
1*,666
297
132
1,629
-1*00
-113
35"*
-957
1*06
11,51*5
585
112
81*0
7,390
369
-1
1,153
-13
991*
61*
-53
261
-2,86U
2,626
2,236
-2,072
-3,357
21*
396
3,771*
12,1*35
1,365
-1,1*81
-292
592
-67,627
-100,805
15,558
23,1*95
111
60
ll*0
-6
191
-103
337
-1*
253
1*13
68
198
1,293
-1
-U6
11*1*
237
26
959
178
81*3
-8
-01
-5
152
-11*8
-736
18
5"*
91.
-1,068
-181*
-1,511
23
-71
-530
1*1*2
615
-17
52
5
57
-31
61
532
-1*9
-28
55
-60
-21
73
-103
2
-88
73
ll*9
1*30
27
Total Europe
1
Canada
1,321
53
-19
356
-1
-198
Yugoslavia
Other Europe
-1,557
-8,073
22
66
-1*1
-1,299
-ll*
-2
339 r
-1,177
618
latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
-1*36
Cuba
Dominican nepubllc , .
Guatemala. ....••.••.
Mexico
,
Netherlands West Indies
and Surinam. ........
Peru
Republic of Panama. .
El Salvador
Uruguay
,
Venezuela
Other Latin America..
Total Latin America..
-1*90
-1
-317
533
-172
-2,578
-1*62
1
-575
lU
2l*7
-1*8
73
2,121
1*75
159
363
8
839
716
-985
1,21*1*
-99
-8
915
-61*6
-538
-3
ll*
6
3
28
-215
10
-362
-20
-23
-178
-19
163
1*7
50
72
-1*3
-203
-637
-6
780
-72
82
2
51
1,813
281*
-1*31
1*
-909
-555
1*9
-1,9
17
127
69
351
-135
179
-337
91*8
-138
-2
-5,779
19
162
179
51*1*
1*01
1*11*
1*9
1*01
-11*5
-307
1,61*7
610
599
25
-271
325
5,076
1,526
-2,377
1,51*0
-18
-35
-15
-76
128
1*5
1*03
-276
63
327
13
12
-65
81*
-90
751
-1,1*06
-21*
933
-23
-1
-1
-21
-5,936
50
1,512
-2
11
Aflla:
China Mainland
Formosa
Hong Kong
India
Indonesia
-11
-25
-6
-11*
-803
-157
-1
221*
-1*73
39
-7
-29
-17
1
9
3
3
-161
2
78
-16
18
95
-106
16
-U
9
-3
2
Iran
Israel
Japan
Philippines
Thailand
U8
-22
-12
Turkey
Other Asia
1
-2
1
150
-71
102
-5
90
Total Asia
-771*
I7I*
-288
-11*
19
-21
-10
-28
-Ul
-55
19
-1
-5,016
70
-35
-i*,150
-2,61*5
39
-3,733
-10
69
652
11
-237
3
-1*
1
-97
136
-87
286
-16I*
-1,71*8
-1*,075
-2,778
-2,91*7
-1*,976
22
-5
-10
-81
30
1*1
28
10
78
53
-91*0
1,996
839
Other countries:
Australia
Belgian Congo
I^ypt and AngloEgyptian Sudan
Union of South Africa
Other
-12
1
59
1
56
170
-177
»li
-28
6M*
3
-22
71*
-16I*
7
38
300
-55
20
-278
8,995
Total other countries
23
625
175
1'V3
-53
8,656
-52
896
1*1*2
821*
-50,370
-23I*
U56
-57,122
-152,083
ll*,670
33,392
7
International
Grand total
p
r
Preliminary,
Revised.
-l*,8g8
1*,065
2,306
-3,738 r
-It, 21*1
-11
-10
80
-152
51*
-10
301
511
107
317
Nowmber
1952
63
.CAPITAL MOVBffiNTS.
Section II
-
Sumnary by Countrleo
Table 3.- Short-Term Clains on and Llablllttea to Foreigners
64
Treasury Bulletin
.CAPITAL MOVIMENTS.
Section II - Summary by Countries
Table 4.- Foreign Debit and Credit Balances In Brokerage Accounts
November 1952
65
.CAPITAL MOVDffiNTS.
Section III
-
Details for Month of June 1952
Table I.- Short-Term Claims on Foreigners
(FoBltlon at end of month In thouaande of dollar^)
66
Treasury BaJletin
.CAPITAL MOVEMENTS.
Section III - Details for Month of June 1952
Table 2.- Short-Term Liabilities to Foreigners
(Position at eod of month In thousandB of dollare)
November
m2
67
.CAPITAL MOVIMEirrS
.
Details for Month of June 1052
Table 3.- Purehases and Sales of Long-Term Securities by Foreigners
Section III
-
(
In thousaade of dollarg)
Treasury Bulletin
6g
.CAPITAL MOVEMENTS.
Section III A
-
Preliminary Details for Month of August 1952
Table 1.- Short-Term Claims on Foreigners
November 1952
69
CAPITAL MOVEMENTS
Preliminary Details for Month of August 1952
Table 2.- Short-Tera Liabilities to Foreigners
Section III A
-
)
Treasury Bulletin
70
.CAPITAL MOVEKENTS,
Section III A
-
Preliminary Details for Month of August 1952
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners
(
In thousajndB of dollars
November 1952
71
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Data relating to oorporatlona In which the United
States Oovernment has a proprietary Intersst, direct or
Indirect, and to certain other business-type aotlTltlea
of the United States OoTernuient ar« presented In a series
Treasury Statement", which contains greater detail than the
summaries presented here. Tables 3 and '^ are compiled from
reports of the agencies, adjusted by the Treasury Department.
of four tables.
Table 1 gives a suamary of loans outstanding, Table 2, balance sheet data, Table 3, Income
and expense,
Tables
1
The latest available loan and balance sheet data are
presented In this Issue of the "Treasury Bulletin", and
Tables 3 and 4 for the same date will appear In a subsequent lesue.
and Table h, source suid application of funds.
and 2 are complied from the mid-month "Dally
Table I.- Coinparlson of Gross Loans Outetanding, Excluding Interagency Loans,
June 30, 1951 and June 30, 1952
(
In mllllans of dollars
Net
June 30,
1951
By type of loan
June 30,
1952
liic rease,
or
decrease
fiy
June 30
1951
agency
June 30
or
1952
decrease
C-)
To aid agricultiire:
Agricultural credit carporatlons
CooperatlTe aeeoolations
(-)
Corporations
530.1
1,669.8
1,862.0
U'*.l
28.5
29.1
19.5
192.3
Total.
3,67lt.7
U, 058.2
383.5
.
. .
751.7
314.6
865.8
Crop, llTestock, and cdmodlty loans
Farm mortgage loans
Other 1/
1»08.6
31*3.1
1»37.7
51*9.6
Banks
cooperatives
312.1
31*3.1
31.0
351* .0
389.7
35.7
2,321.6
2,388.9
67.3
.1
.1
39.7
29.3
-10.3
Federal heme loan banks
816.2
652.7
-163.1*
Federal latexnediate credit banks ....
751*.
865.7
111.6
1,578.9
2,068.1
1*89.2
1*1*6.8
609.5
162.7
799.5
651*.
fotr
Commodity Credit Corporation
Export-Import Bank of Washington;
Regular landing activities
Defense Production Act of 1950^
as amended
To aid heme ovners:
Mortgage loans, etc.
To aid Industxy:
Pallroads...
Other
1, 809.lt
lOlt.7
2,387.1*
85.2
Federal Farm Mortgage Corporation.
578.0
-19.5
U98.U
1*61*
.2
-3"* .2
603.1
51*9.1*
-53.7
. .
Federal National Mortgage Aasoclatlon
Public Housing Administration
Total,
Not
Increase,
Eeoonetnwtlon Finance Corporation; 2/
To aid States, Tarrltorlee, etc.
To aid financial Institutions:
Banks. ..*..........,.•..••.
Insurance caspanlee
Mortgage loan ccanpanlee.,,.
Total.
560.9
732.5
.1
.1
13.7
810.7
61*7.9
-8.6
-l6e.8
821*.
653.0
-171.5
5.1
SxcluBlTe of assets held for
U, S. Treasury
171.7
-11*5.5
Assets held for U. S. Treaoury...
1.0
.8
-.2
Defense Production Act of 1950..
6.8
59.3
52.6
Other
2.6
2.3
-.1*
Total
7,1*33.2
8,063.5
630.3
Ceo'tain other buslneea-type activities;
Foreign loesui
Guaranteed lo^ns held by lending
agencies
•
Other
Total.
Otiier loans.
Total loane
1/
2/
^
Fanners ' Heme Administration
W.9
6,106.2
6,151.1
65.7
13, 689 .U
39.2
7,577.8
7,617.0
68.1*
16,066.0
-5.6
535.1
552.1*
17.3
Federal Eousing Administration
23.2
32.5
9.3
Office of Hoxislng and Hooe Finance
Administrator 3/
32.6
1*3.3
10.6
Public Eousing Administration
17.3
11*
1,1*71.6
1,1*66.0
2.7
2,376.6
Prinolpally for rural electrlfioaticn.
Includes mexfied var amilatee.
Ccnslsts of Alaska housing program, ocmBunlty facllitioe service,
prefabricated housing loans program, and slim clearance program.
Amcnmt es of June 30, 1952, also Includes housing loans for educatlccal
Inatltutloos
•
-3.0
186.9
Rural Klectriflcaticai Administration,
1,61*1* .2
1,831.2
Other kj
l*,003.8
5,528.9
1,525.1
Total
6,256.2
8,002.5
1,71*6.3
13,689.1.
16,066.0
2,376.6
Total loans.
1*/
.2
Includes loan to the United Kingdom, of which the amount outstanding as
of June 30, 1951,»aa $3,750.0 million and as of June 30, 1952, $3,705.7
million.
Less than $50,000.
:
9
.
:
5
U
5
}
72
Treasury Bulletin
.CORPORATIONS AND CEECTAIH OTHER BUSIHESS-TrFE ACTIVITIES.
Table 2.- Balance Sheets as of June 30, 1952
(In millions of dollars
Corporations
Grand
total
Total
corporations
Caah on hand and In ^anksel/.
Caah with U. S. Treaaury 1/..
Deposlta with other Gcraminont corporations
and agenc lea
Loana receivable:
Interegency
Others, leas reserves
Accounts and other receivables:
Interagency
Others, less reserves
CoBEtiodltlee, supplies, and materlala, less
reserves
.
102. 1(
92.8
705.7
31*5.7
hk.g
kk.9
9,635.1
15,912.9
73.6
8,018.0
323.'*
657.3
139.3
516.0
1,350.3
1,252.6
2,363.9
2,076.8
179.7
1.2
52.2
2,100.3
Banks
for
cooperatives
21.
1.3
31*0.1
Commodity
Credit
Corporation
8.9
6.3
Export-Import Bank
of Washington
Begular
lending
activities
Federal
Deposit
Defense
Insurance
Production CorporaAct of 1950^ tion
as amended
1.9
.1
.2
2.9
36.0
386.2 2/ 2,388.7 2/
Federal
Farm
Mortgage
Corporation
380. 1*
loan
banks
25.0
11.7
29.3
652.7
.7
2.7
*
58.1
2.8
Federal
21*.
1,022.5
3.9
.1
Investanente
Public debt obllgatlans of the U. S
Securities of Governmant corporatlane and
agencies
Others, less reservee
Land, structures, equlpnent, less reserves..
Security or collateral, lees reserves
All other assets, less reservee
Total assets
Liabilities
Accounts and other payables:
Interagency
Others
Trust and deposit liabilities:
Interagency
Others ..,.,
Bonds, debentures, and notes payable:
U. S. Treaaury
Other Interagency
,
Others:
Guaranteed by United States
,
Not guaranteed by United States
All other liabilities
3,'>37.6
103.6
.1
27.8
3-1
30.1*
.3
7.3
16.1
38,U5.8
l'*,771.7
1*12.5
2,009.3
2,1*31.3
191.9
250.3
nU.l*
216.6
.2
.1
1.0
68.0
1.6
23.1
7.0
.2
*
.1
1*07.2
3,185.5
120.9
96.2
223.0
98.9
1*50.9
1*40.1
.3
7,523.6
1*,006.5
2, 051*.
37.6
^
2,05l*.7
•3.9
1,227.8
Total liabilities
310.8
1,1*20.9
1*3.5
2.8
1,970.0
.1
1,1*30.6
31.1*
1,003.3
l*.6
1,088.1
.6
1,227.8
257.8
111.9
'*99.0
12,1*65.0
8,1*17.5
151.1*
2,129.5
1,161*.7
1,673.9
1,673.9
178.5
100.0
1,000.0
1,1*76.0
1,1*76.0
1,1*86.3
.1*
258.lt
61.3 2/
55.7 2/
106.2
.2
108.2
67O.lt
Capital:
United States Interest:
Capital atock. .,.,.,
Paid-in surplus
,
Expended appropriations
Ecmed surplus, or deficit (-)
Total United States interest
Private interest:
Capital stock
Earned surplus
Total private interest
23,367.5
-1,223.5
,
Total capital
Total liabilities and capital
Contingent liabilities .
1,361.1
58.6
266.6
25,293.8
5,997.3
237.1
1,266.6
317.8
39.2
317.8
39.2
k/
1,322.5 5/
1,322.5
60.0
5.8
30.1*
30.1*
18.1 6/
5.9
299.7
33.2
356.9
356.9
25,650.8
6,351* .2
261.1
-120.2
1,266.6
1,322.5
30.1*
38,115.8
ll*,771.7
1*12.5
2,009.3
2,1*31.3
1,1*30.6
ITTT
2,936.8
1,201* .6
21*.
332.9
332.9
1,003.3
17.1
Analysis of investsnent of United States:
Paid-in capital and expended appropriations
Treasury loans to Governmant corporations
and agencies j/
26,517.1*
1*,636.2
7,523.6
1*,006.5
Subtotal
Less total Treasury loans 8/
31*, 01*0.
,
Inveetanont of the United States
Earned surplus, or deficit {-), U. S. share.
Book value of United States Interest,
including interagency Items
100.0
1,000.0
1,970.0
1,088.1
8,61*2.7
178.5
2,070.0
2,088.1
26, 517. It
8,61i2.7
-1,223.5
1,361.1
178.5
58.6
2,070.0
-220.2
2,088.1
266.6
1,322.5
30.1*
25,293.8
10,003.8
237.1
1,81*9.8
2,35l*.7
1,322.5
30.lt
65.8
7,523.6
Interagency Iteoa - net amounts due to, or
fron (-):
Government corporations
Government aganciee reporting
Government agencies not required to report,
Interagency proprietary Interests
-179.5
Total Interagency itans, excluding Treasury
loans to Govt, corporations and agencies.
-189.9
Book value of United States interest, after
exclus ion of interagency itens
178.5
37.8
-37.1*
37.1*
-10.1*
37.1*
-70.9
1,972.5
2,008.9
37.8
-70.9
20.0
Nowmber
1952
73
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTiVlTIES,
Table 2.- Balance Sheets as of June 30, 1052 - (Continued)
(In milllor^ of dollars)
Corporations
Federal
National
Mortgage
Aflsocla-
tlon
Assets:
Cash on hand and in banks l/
Cash with U. S. Treasury l/.
Deposits with other Government corporations
and agencies
Loans receivable:
Interagency
Others less reserves
Accounts and other receivables:
Interagency
Others , less reserves
CommodltleB, supplies, and materials^ less
reserves
Federal
Saringe
H.TV^
Loan
Inaurance
Corporation
Production
credit
corporationfl
1.3
2,068,1
,
12.2
8.1
3.5
Inveetanents:
Public debt obligations of the U, S
Securities of Government corporationB and
Qgenc lea
Others, less reserves
Land, structures, equlxment, less reserves...,
Security or collateral, leas roeorves
All other assets, less reserves
209.1
,
U2.6
,
8.7
,
,
,
Total assets
LlabUltiesr
Accounts and other payables
Interagency
Others
Trust and deposit liabilities:
Interagency
Others
Bonds, debentures, and notes payable:
U. S. Treasury
Other Interagency
,
Others:
Guaranteed by United States
Hot guaranteed by Iftilted States
All other llabUities
,
^
...,
Total liabilities
,
,
,
,
,
Capital:
United States Interest:
Capital stock
Paid- in surplus
Expended appropriations
Earned surplus, or deficit (-)
.,
,
,
,
Total United States interest
Private interest:
Capital stock.
Earned surplus
Total private interest
Total capital
Total liabilities aai capital
Contingent liabilities
,
,
,
Analysis of Investaaent of United States:
Paid-in capital and expended appropriations..,
Treasury loans to Govemmant corporations
and agencies j/
'
Subtotal
Less total Treasury loans 8/
,
Investment of the Uhlted States
Earned surplus, or deficit (-), U. S. share,.,
,
Book value of United States interest,
including Interagency items
,
,
Interagency Items - net aniounts due to, or
ftom ( - )
Government corporations
Government agencies reporting
Government agencies not required to report.,
Interagency proprietary interests
,
,
Total Interagency items, excluding Treasury
loans to Govt, corporations and agencies..,
Book value of United States interest, after
exclusion of interagency items
Footnotes at and of table.
,
.3
2.7
*
Public
Houfling
Admlniatration
2/
-
(Continued)
Reconstruction Finance Corporation 10
Exclusive of
assets held
for the
U. S, TroaauTT
Assets held
Defense
for the U. S. Production
Treasury 11/ Act of 1950
Tennessee
Valley
Authority
Treasury Bulletin
7*^
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITrES.
Table 2.- Balance Sheets as of June 30, 1952
(In nllllonfl of dollars)
-
(Continued)
.
.
,
November 1952
75
.CORPORATIONS AKD CERTAIN OTHER BUSINESS-TYFE ACTIVITIES.
Footnotes to Table 2
Excludes unexpended balances of appropriated funds.
Includes guaranteed loans held by lending agencies.
Includes notes for short-term 'borrowiiigB
The final repayment of all capital stock held by the U, S. Govemnient
was covered Into miscellaneouB receipts of the U, S. Treaaury on
July 2, 1951, pursuant to act of June 27, 1953 (64 Stat, 257).
The surplus is not available by law for dividend dletrlbutlon and la
considered by the Corporation as a reserve for future deposit Insurance losses and related expenses with respect to Inaured banks.
Includes $.2 million depoeita to "Guaranty Fund".
As shown above as a liability of each corporation or agency.
As shown aa an asset of the U. S. Treasury unier "Other" businesstype activities (see footnote 20).
Represents activities under United States Housing Act, aa amended.
War housing and other operations of the Admini strati on are shown
under "Certain other bualness-type activities".
Includes merged war affiliates; excludes War Damage Corporation (in
liquidation), which is included under "Other" corporations.
Represents aasets held for the Treasury in accordance with provisions
of act of June jO, 1914-8 (62 Stat. U87-Il88)^ which provided for
cancellation of R.F.C, notes in the amount of $9,313.7 million, plus
interest accrued thereon subsequent to June 30.t 19^7, repreoenting
unrecovered costs to the Corporation as of June 30f 19^7, 1^ its
national defense, war, and reconversion activities, and stipulated
that any amounts recovered by the Corporation with respect bo those
activities subsequent to June 30, 19*^7, should, after deduction of
related expenses, be deposited in the U. S. Treasury as miscellaneous
receipts.
Conflists of Defense Homos Corporation (in liquidation); Federal Crop
Insurance Corporation; Federal Prison Industries, Inc.; Inland Waterways Corporation; Institute of Inter- American Affaire; Panama Canal
Company; Smaller War Plants Corporation (in llqxildation); The Virgin
Islands Corporation; and War Damage Corporation (in liquidation).
The balance sheet of the Panama Canal Comjiany la subject to substantial change pending establishment of a complete inventory and
appraisal of net assets transferred from the Canal to the Company.
Adjusted to give effect to provision for retirement of capital stock
of $7,5 million which was deposited into miscellaneous receipts of
the U. S. Treasury on July 31, 1952, pursuant to act of June 27, 1950
(61+ Stat. 258).
The surplus is considered by the Corporation as available for future
Insurance losses and related expenses with respect to insured
Ins tl tut ions
Consists of net Income froo power operations of $207.1 million
16/
17/
18/
ig/
20/
21/
22/
23/
gU/
25/
*
and nat expense of non- income-producing programs of $139 -9 million,
Reorganization Plan No. 21, effective May 2U, 1950, abolished the
U. 3. Maritime Coraolssion, and transferred Its functions into the
Deparlaient of Comnerce. Current data on maritime activities will
be published when available,
Consists of Alaska housing program, community facilities service,
housing loans for educational Institutions, prefabricated housing
loans program, revolving fijnd for development of isolated defense
Bites, and alum clearance program.
Consists of Farm Security Administration program, homes conversion
program, public war housing program, and veterans' re-use housing
program.
ConsletB of Agriculttoral Marketing Act Revolving Fund; Federal
Security Agency - loans to students; Department of the Interior Indian loans end Puerto Rico Reconstruction Administration; Department of the Army - guaranteed loans (World War 11 ); Department of
the Navy - guaranteed loans (World War II); Home Loan Bank Board H.O.L.C. liquidation unit; Public Works Admini str at 5 on (in liquidation); Mutiial Security Agency - gxmranty program, and loan program
(which had previously not been required to submit reports); Treasury
Depariment - miscellaneous loans and certain other assets; Veterans'
Administration - Veterans* Canteen Service, Veterans' dlxect loan
program, guaranteed loans to veterans; and agencies reporting pursuant to Defense Production Act of 1950, which consist of Atomic
Energy Coimalsslon, Defense Materials Procurement Agency, and Departments of the Air Force, Army, Gonmerce, Interior, and Navy. Activities of the Dopartanent of the Army - Natural Fibers Revolving Fund
have been tenainated.
Represents obligations of Government corporations and agencies as
shown under "Bonds, debentures, and notes payable - U, S. Treasury",
except that the latter excludes $2,037.9 million obligations of
agencies not required to report.
Includes $3,705.7 million loan to the Iftxlted Kingdom.
Consists of $2,750.0 million subscriptions to the International
Monetary Fund and $635.0 million stock in the International Bank
for Reconstruction and Develonnent,
Includes $122,2 million reservea for contingent losses, expenses,
and other chaises
Includes subscriptions to International Monetary Fund and Bank (see
footnote 22^and loan to United Klngdcan (see footnote 21).
Represents Agricultural Marketing Act Revolving Fund proprietory
interest in a Government corporation,
Less than $50,000.
Treasury Bulletin
76
CUMULATIVE
table of
CQHTEWTS,
December 1051 through November 1952
Issue and page ntnber
1952
1951
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July Aug.
Sept.
Oct.
Nor.
Article:
1
1
A-l
A-l
A-l
A-l
A-l
A-l
A-l
A-l
2
2
2
2
2
2
2
3
3
2
2
3
3
2
2
3
3
2
2
3
3
4
5
1
Budet receipts and expenditures:
Detail of budget receipts and deductions by months and years......
Detail of budget expenditures by Booths and years...............
3
3
it
5
3
3
5
7
7
3
3
li
3
3
ll
3
2
2
3
3
k
k
k
k
k
k
*6
##6
##6
**6
#*6
**6
**6
**6
7
8
8
8
3
3
3
3
8
8
9
9
10
10
11
11
9
9
10
10
11
11
9
9
10
10
n
u
9
9
10
10
11
11
9
9
10
10
n
il
9
10
10
9
9
12
12
13
13
12
12
32
12
13
12
12
13
12
12
13
12
12
13
13
14
13
1*
13
1*
1^
1*
lk
14
14
3
3
it
6
9
Railroad Retlneumt Act....................................
3
16
7
Trust aooount and other transactions:
8
Set inreatoMnts of Gorsrosnt agencies In public debt securities....
9
9
10
10
8
9
9
10
10
12
12
13
12
12
13
14
14
1*
17
17
18
19
19
9
10
Treasury cash Income and outgo:
Ik
21
21
22
Ik
1^
12
12
13
13
14
14
General Fund of the Treasury:
15
15
15
15
15
15
15
15
15
15
15
15
15
15
Debt outstanding:
Computed Interest charge and ocMputed Interest rate on Federal
16
16
17
17
18
16
16
17
17
18
25
25
26
26
27
16
16
17
17
18
16
16
17
17
18
16
16
17
17
18
16
16
17
17
18
16
16
17
17
18
16
16
17
17
18
16
16
17
17
18
16
16
17
17
18
Treasury holdings of securities Issued by Goreraaant corporations
18
18
27
18
18
18
18
18
18
18
18
19
20
. 19
20
28
29
19
20
19
20
19
20
19
20
19
20
19
20
19
20
19
20
21
21
21
21
21
21
21
21
21
21
22
22
22
Public debt and
outstanding by months... .
17
19
Statutory debt limitation:
30
Application of limitation to public debt aad guaranteed securities
30
21
Debt operations:
■Maturity schedule of interest-bearing public marketable securities
22
24
Offerings of marketable issues of Treasury bonds, notes, art.
Disposition of matured marketable lssmes of Treasury bonds, notes,
sad oertificatee of indebtedness sad guaranteed securities.......
31
2k
25
26
3*
26
o
26
(Continued on following page)
25
25
25
22
25
26
22
22
2k
2k
25
25
25
26
26
26
2k
November 1952
77
CUMULATIVE TABLE OF CONTENTS,
December 1951 through November 1952 - (Continued)
Issue and page r a bar
1951
1952
Dec.
Jan.
28
28
United States savings bonds:
Cumulative sales sad redssiptlons by series................ .
Feb. Mar.
Apr.
May
36
36
28
28
30
28
July
June
Bar.
27
27
27
27
27
27
27
27
27
27
27
27
28
30
28
31
28
32
?fl
32
28
32
28
32
Sales and redemptions by denominations, Series E and H and
ko
kl
Aug. Sept. Oct.
33
33
3k
31
Treasury savings notes:
31
31
31
31
k3
k3
31
31
31
31
32
32
31
31
32
32
36
36
33
33
33
33
35
35
32
32
kk
32
32
33
32
33
37
3k
3k
36
32
33
32
33
kk
k5
32
33
32
33
33
3k
32
33
33
3k
37
38
3k
35
3k
35
36
37
3k
3k
k6
3k
3k
35
3k
35
39
36
36
38
kO
• ••
•••
Ownership of Federal seourltles:
Bet Market purchases oar sales far lnvestaent aooounte handled by
Treasury survey of ownership.
Ownership by cr— ernlal banks classified by lwhership in federal
38
Cm-a
O H
Market quotations:
Over-the counter dosing quotations on Todera1 securities by issues
50
53
k2
k5
38
kl
39
k2
38
kl
39
k2
k3
k6
kk
k7
SO
k3
k2
k5
k2
k3
5k
55
k6
k?
k2
k3
k3
kk
k2
k3
k3
kk
k7
k8
k8
k9
kk
k5
k6
k7
kk
k5
k6
kk
k5
k6
56
57
58
k8
k9
50
kk
k5
k6
k5
k6
k7
kk
k5
k6
k5
k6
k7
k9
50
51
50
51
52
k6
k7
k8
k8
49
50
k8
k9
k9
50
k8
k9
k9
50
60
61
61
62
52
53
53
5k
k8
k9
k9
50
k9
50
50
51
k8
k9
k9
50
k9
50
50
51
53
5k
50
52
5*
55
55
50
55
56
56
57
38
kl
k2
k3
Yields of Treasury and corporate bonds:
Internal revenue collections:
Monetary statistics:
Silver prod'jotion in the Doited States and acquisitions by Binto
50
51
50
51
62
63
5k
55
50
51
...
63
...
55
...
XncraBaat trcm reduction In veight of gold dollar (latest date
Set Treasury gold receipts (latest quarter ending June 30, L'fjd) . . .
Exchange Stabilization Fund (latest date June 70, 195£:
Balance Sheet.................. ................ .........
Income and expense........................................
50
51
51
52
56
52
...
6k
65
...
52
55
66
69
73
56
59
63
...
51
52
<k
52
53
5k
55
...
55
51
...
53
5k
52
55
55
58
...
57
58
...
...
...
56
57
53
59
58
61
65
5k
57
61
58
61
65
Capital movements between the United States and foreign
oountrles:
Historical aw m u rj of capital movewBte sines
Details for latest months by counties....... ............ .
Supplaacntary date by .....................................
52
55
59
..<
59
Corporations and certain other business-type activities
(latest dates June 3 0 , 1952, and December 31, 1951
Loans outstanding.......................................................*..................................
Balsnoe s h e e t s . . . . . . . ................................................................................
Tnfife sad expense........ .............. ........................................................... .
Source and agplloatlon of finds...............................................................
52
55
59
59
65
65
66
66
71
72
66
67
*65
68
...
*68
71
...
•••
Treas.
U.S. Treasury Dept,
HJ
10
.A2
1952
C.2
Treasury Bulletin
US TREASURY
1
LIBRARY
0031977
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