Full text of Treasury Bulletin : November 1962
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DEC
TREA8URV
19
1963
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JUN 2 31972
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November 1962
Table of Contents
Page
Treasury financing operations
A-1
Summary of Federal fiscal operations
1
Budget receipts and expendit\ires
2
Trust account and other transactions
10
Ca sh income and outgo
20
Account of the Treasurer of the United States
28
Debt outstanding
30
Statutory debt limitation
35
Public debt opera t ions
36
United States savings bonds
60
Ovmership of Federal securities
65
Treasury survey of ownership of Federal
securities
67
Market quotations on Treasiory securities
71
Average yields of long-term bonds
74
Monetary statistics
76
International financial statistics
80
Capital movements
81
Corporations and certain other business-type
activities - statements of financial condition,...
93
Cumulative table of contents
134
II
Treasury Bulletin
Reporting Bases
Data on receipts, expenditures, and debt which appear
In the "Treasury Bulletin" are based largely on two Treasury
financial reports, the "Dally Statement of the United States
Treasury" and the "Monthly Statement of Receipts and Expenditures of the United States Government." Certain mone-
tary statistics are based at least In part on the "Circulation Statement of United States Money." Where these statements are given as sources for Individual tables, they are
cited by name only.
Their respective reporting bases are
described below. For other data In the Bulletin, information on sources or reporting bases is given In connection
with the tables themselves.
The monthly statement of receipts and expenditures
was first published for February 195^^, and replaced the
dally statement as the primary source of information on
budget results and other receipt and expenditure data
classified by type of account.
At che same time, the
dally statement was changed to a statement of cash deposits
and withdrawals affecting the account of the Treasurer of
the United States. Both publications have provided comparative figures on their respective bases from the beginning
of the fiscal year 1953.
The announcement of February I7,
with respect to these reporting changes may be found
in the April 195I+ issue of the Bulletin.
195'^.
The monthly statement shows all receipts and expenditures of the Government, including those made from cash
accounts held outside the United States Treasury. The
information is compiled from reports by the Treasurer of
the United States and by all other collecting and disbursing agencies, including those agencies which maintain
checking accounts in commercial banks. These reports cover
transactions recorded in the accounts of the agencies
during the reporting period. The net of the transactions
as compiled from these reports is reconciled in the monthly
statement to changes In the balance in the Treasurer's account and in cash held outside the Treasurer's account
and
changes in the public debt outstanding.
Receipts of taxes and customs duties are reported on a
collections basis. Other receipts are reported partially
on a collections basis and partially on a deposits basis.
Expenditures, except interest on the public debt, are reported on the basis of checks issued or cash payments made
by disbursing officers. Transactions of an Interfund
or
intragovernmental nature are included on the same basis
even though the actual issuance of checks may not be
involved.
Interest on the public debt is included on an
accrual basis beginning with figures for June I955 and
the fiscal year 1955.
Prior to that, it was Included on
a due and payable basis.
The same reporting basis as that
in the monthly statement provides the fiscal
year figures
for the Treasury's "Combined Statement of Receipts,
Expend-
itures and Balances of the United States Government" and
for actual receipts and expenditures in the "Budget of the
United States Government."
Beginning with the final statement for the fiscal
year I960, the monthly statement reports totals for net
budget receipts and budget expenditures after deduction
of certain interfund transactions which are included
in
the detail of both budget receipts and budget expenditures.
The transactions deducted consist of interest payments and
minor amounts of certain other payments made by Government
agencies to the Treasury. This reporting change was made In
accordance with the plan stated in the President's Budget
Message of January IS, 1960. It does not affect the surplus
or deficit. Figures for earlier periods shown in the Treasury Bulletin were revised to the new reporting basis in the
September i960 issue. The Interfund transactions deducted
under this procedure do not Include payments to the Treasury by wholly owned Government corporations for retirement
of their capital stock and for disposition of earnings.
These capital transfers have been excluded currently from
budget receipts and budget expenditures beginning July Ij
19'+S, and figures for prior fiscal years back through
I932
were revised accordingly at that time.
The daily statement on the new basis was first Issued
for February 17, 19514..
in the deposits and withdrawals as
shown, no distinction is made as to the type of accounts
(budget, trust, etc.).
The deposits are on the basis of
certificates of deposit cleared through the account of the
Treasurer of the United States. Total withdrawals are on
the basis of checks paid or cash disbursements made out of
the Treasurer's account.
Some of the withdrawal classifications shown are reported on the basis of mailed reports
of checks issued and are adjusted by means of clearing ac-
counts to the total of checks paid.
Except for relatively
minor amounts, noncash Interfund and other intragovernmental
transactions are excluded. The public debt figures in the
daily statement also are on a "clearance" basis, with the
exception of those Issuance and retirement transactions
reported on the basis of telegrams from Federal Reserve
Banks.
Noncash debt transactions are Included, however.
The dally statement before February I7, 195!+, covered
not only transactions cleared through the Treasurer's account but also certain Government agency transactions which
were handled through commercial bank accounts, and included
noncash interfund and other intragovernmental transactions.
It provided information similar to that in the present daily
statement with respect to the status of the Treasurer's account, and similar to that in the present end-of -month dally
statement with respect to debt issuance, retirement, and
Receipts and expenditures, however, were
classified by type of account, and the budget results shown
amount outstanding.
|
November 1962
III
Reporting Bases
In the dally statement were used at the basis for reflecting
the results under the President's budget program as enacted
by the Congress.
Receipts were on the basis of deposits as they cleared
the Treasurer's account.
Expenditures cleared through the
the Treasurer's account were reported on two successive
bases. Through l^k-S they were on the basis of checks paid
by the Treasurer of the United States.
Beginning with 19^7,
expenditures made through the facilities of the Treasury
Department's Division of Disbursement were on the basis
of checks Issued, while certain others, principally those
of the Department of Defense and Its predecessor organizations, were on the basis of checks paid.
Note:
Transactions han-
-
(Continued)
dled through commercial bank accounts, consisting of market
transactions In public debt and guaranteed securities, were
Interest on the public debt
as reported by the agencies.
was Included on a due and payable basis beginning with
November 19^9 and on a checks-paid basis prior to that time.
The circulation statement reflects transactions through
the Treasurer's account which affect monetary stocks of gold
and silver and the amounts of coin and currency In the money
It Is issued later than the dally
however, and the figures are based on transactions consummated during the reporting period even though
some may not have cleared the Treasurer's account during
supply of the country.
statement,
that period.
shown.
Where calculations have been made from unrounded figures, the details may not check to the totals
November 1962
K-l
Treasury Financing Operations
November Exchange Operation
On October 25, 1962, the Treasury announced an ex-
December 15, I962, were required to accompany subscriptions
to the new securities by payment of accrued interest from
change offering of three new Issues to holders of three
Treasury securities maturing November 15 and December I5,
November 15 to December 15, 1962, as follows: On the
new certificates $2.52978 per $1,000, on the new notes
$2,90055 per 51,000, and on the new bonds $3.26087 per
and of a fourth called for redemption on December 15 The
amount of the four securities outstanding aggregated nearly
.
$11.0 billion. Holders of the maturities were given the
option of exchanging them for a like face amount of any or
all of the new securities offered. The subscription books
for the new securities were open from October 29 through
October 31. Cash subscriptions were not received.
The exchange options, offered at par, consisted of;
3-l/S percent 1-year certificates of Indebtedness,
dated Nove.-nber I5, 19^2, and maturing November
15,
$1,000.
Coupons dated December 15,
1962,on the called bonds in
All
subsequent coupons were required to be attached to the
bearer form
were to be detached and cashed when due.
called bonds In bearer form when surrendered for exchange.
Interest on the registered 2-1/'+ percent bonds and 2-"}/^
percent bonds and on the registered notes, Series H-I962,
was paid by the check or credit.
1963:
3-1/2 percent J-year Treasury notes dated November
15, 1962, end maturing November 15, 19^5; and
k percent 9 1/U-year Treasury bonds dated November
15, 1962, and maturing February 15, I972,
Subscriptions accepted totaled approximately |10, '<-91
Detailed
Interest on the 3-I/S percent certificates,
Series D-
1963, will be payable semiannually on May I5 and at maturity
Interest on the 3-1/2 percent notes,
Series B-1965,will be payable semiannually on May I5 and
November I5 in each year until the principal amount becomes
on November I5, I963.
Interest on the
million, leaving %^S} million to be paid In cash.
payable at maturity on November I5, I965.
results of the exchange offering, on a preliminary basis,
^ percent bonds of 1972 will be payable at the rate of k
are shown in the accompanying table.
percent on a semiannual basis on February I5 and August I5,
Maturing securities
A-2
Treasury Bulletin
Treasury Financing Operations
were Issued In denominations of $500,
$10,000, 1100,000, and $1,000,000.
31,000,
$5,000,
Strip of Weekly Bills
The Treasury announced on November
1, I962, an auction
for cash of Jl billion of a strip of additional amounts of ten series of each of the outstanding
on November 7
Treasury bills maturing weekly from January I7 through
March 21, I963.
In the announcement the Treasury stated,
"The proceeds will provide funds both to take
care of any attrition on the issues Involved
in our recent refunding offering and to meet
forthcoming Treasury cash requirements.
The
manner and character of this offerinc reflect
both the Treasury's cash needs and its continuing concern with the implications for the
balance of payments position of the performance of the Treasury bill market."
Tenders for the strip of bills totaled S2,1|10 million
of which |1,001 million was accepted at the average rate
of discount of 2. 366 percent based on 914-. 5 days, the average
number of days to maturity.
Issued on November 15, I962, the new bills are additional to the bills originally issued and maturing as shovn
In the table which follows.
Amount of
additional
-
(Continued)
November 1962
A-3
Treasury Financing Operations
money and capital markets.
At the same time,
the Treasury's
borrowing transactions will assist the Swiss authorities
In dealing with Switzerland's problems of fiscal and
monetary management, particularly by providing a desired
Investment outlet for capital funds which might otherwise
be sterilized.
Borrowings of this kind also can provide a convenient
means of strengthening the Treasury's Swiss franc resources
available for fcjs.change operations, although the present
borrowing Is not needed for this purpose. Large-scale
flows of funds to Switzerland at times have had destabilizing effects In the exchange markets.
Such effects have
been and will continue to be counteracted through official
transactions, undertaken in full consultation and cooperation between the Swiss and United States authorities.
The approximately ^25 million equivalent of bonds de-
nominated in Italian lire bear interest at the rate of 3
percent per annum. They were Issued to refund a corresponding amount of certificates of Indebtedness denominated
in Italian lire.
All of these certificates outstanding
(about 1150 million) are to be refunded Into IJ-nionth bonds
-
(Continued)
Treasury bonds of I97I and of the k percent Treasury bonds
of 19SO, to holders of approximately $k^S million of Series
F and G savings bonds maturing from January 1, I963, through
April
1,
I96I+.
The exchange will be made at the face value
of the savings bonds with certain interest and other ad-
justments as of December I5, 1962, for the marketable bonds
which are to be Issued at 99.50. The 3-7/S percent bond
is priced to yield approximately 3.9'l- percent and the k- per-
The 3-7/S percent bonds,
dated May I5, I962, to mature November 15, I97I, are outstanding in the amount of $1, SO^)- million, and the k percent bonds, dated January 23, 1959, to mature February I5,
cent bond, to yield h^.Ok percent.
I9S0,
are outstanding in the amount of |1,'4-^ million.
Subscriptions for the exchanges were to be received
from all classes of subscribers from November 19 through
November 26, and from individuals from November I9 through
November 30. The delivery date of the marketable bonds
will be December 17. 19^2.
FiiTther details and the results of this offering will
be published in am early issue of the Treasury Bulletin.
before the end of I962.
Proposed Rule Making Governing the Sale of Treasury Bonds
Borrowing of lire, which began in January 1962, were
undertaken by the Treasury to provide resources for exchange
operations in the market for both spot and forward lire.
These operations have been conducted in close cooperation
with the Italian Government.
It is expected that the
placing of the Treasury's lire indebtedness on a 15-iEcnth
maturity basis will permit greater flexibility In the
gradual liquidation of the Treasury's lire Indebtedness.
Exc hange of Series F and a Savings Bonds for Marketable
Treasury Bonds
On November I5, I962, the Treasury announced an exchange offering of additional amounts of the 3-7/8 percent
Note:
through Competitive Bidding
Notice was published in the Federal Register of Novem-
ber 16, 1962, of the proposed regulations encompassing
the details required for the sale of long-terra Treasury
bonds through an underwriting syndicate on the basis of
competitive bidding. Included was an example of a public
notice of invitation to bid. The notice stated that prior
to final adoption consideration will be given to any data,
views, or arguments pertaining thereto, which are submitted
in writing within the period of thirty days from the date
of this notice.
tables on public debt
Details of Treasury market financing operations are shown elsewhere in this issue of the Bulletin in the
operations.
November 1962
SUMMARY OF FEDERAL FISCAL OPERATIONS
.
.
.
.
.
.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
(In millions of dollars)
Soployioent taxes
Income taxes
Fiscal year
or month
Corporation
Not
withheld
Withheld
1/
Total
income
taxes
1/
1956,
1957,
1958,
1959
1960,
1961,
1962
1963 (Est.)
1962-Jan.
Feb...
Mar. ..
.
21,254
24,012
26,728
27,041
29,001
31,675
32,978
36,216
38,500
.
May.
June p
.
Oct...
Less:
Fiscal year
or month
Total
budget
receipts
1955..
1956..
1957..
1958..
1959..
1960.
1961..
1962 p.
69,454
78,820
83,675
83,974
83,904
96,962
99,491
103,786
175
166
124
1,106
1,188
3,752
9,039
10,794
103
107
102
685
551
178
1,150
3,731
120
218
18,377
Less:
FOASI
Trust
Fund
Federal
Disability
Insurance
Trust Fund
Railroad
Retirement
Account
10/
5,040
6,337
6,301
6,870
4,433
7,158
4,933
5,045
9,272
5,976 16/ 10,537 16/
6,265
10,612
333
863
847
939
953 16/
945
599
634
616
575
525
607
571
570
Unemployment
Trust
Fund
11/
-72 12/
693
1,810
Apr
June p.
8,153
10,658
13,315
July
Aug
Sept
11,4M
142
3,224
73
743
1,813
141 6/
1,489
1,031
11 6/
131
88
1,414
1,091
230
1,417
1,101
233
672 6/
2,012
928 6/
58 6/
169
85 6/
4,540
162
165
9,445
185
193
111
400
1,564
839
36
135
72
48
Oct
200
29,467
652
11
668
493 6/
Trust
Fund
12/
1,479
2,116
2,171
2,642
343 16/ 2,798 16/
453
949
12,357
5,959
9,773
12,354
85
300
517
Transfers of tax receipts to
iV
3,426
3,684
3,917
224 16/
278
1,103.
100
27,316
)..
1963 to date.
745
3,582
Total
refunds
Trust
accounts
48
379
536 6/
Refunds of receipts 7/
4,907
1962-Jan
Feb
Mar
May
269
198
161
13,240
450
1,786
962
3,400
3,653
3,894
4,413
5,024
5,725 16/
5,957
104
3,1%
3,158
4,064
4,082
3,192
436
1,699
911
Internal Revenue
applicable to
Budget
accounts
5,591
9,489
12,089
2,559
3,006
2,749
243
216
500
1,851
10,633
1,009
967
1,140
705
754
800
948
,123
99
104
100
1,156 6/
4,949
192
133
155
606
7,810
10,338
12,715
8,605
235 6/
2,080
1,188
458
66,289
75,109
80,172
79,978
79,798
91,775
94,401
99,423
^
959
1,157
1,123
1,199
5,298
2,980
460
571
570
9,211
10,004
10,638
10,814
10,760
11,865
12,064
12,749
313
203
164
299
169
2,092
525
431
575
525
607
936
1,171
1,378
1,411
1,353
1,626
1,916
2,034
2,266
1,071
1,017 6/
5,287
2,994 6/
3,533
6,220
7,296
7,581
8,644
8,854
11,159
12,502
12,726
325
330
336
324
341
345
729 6/
2,181
1,013 6/
955
1,985 6/
July.
280
5,793
6,712
10,357
4,330 6/
2,896
Total
internal
revenue
294 6/
1,620
1,119
469
5,377
-iOO
Taxes not
otherwise
classified
Excise
taxes
^
i/
600
634
616
5,340
6,337
6,634
7,733
8,004
10,211
11,586
11,698
Estate
and
gift
taxes
Total
employment
taxes
13,496
5,879
1,245 6/
5,124
For unemployment
insurance
4,036
6,310
9,607
2,325 6/
786
832
Aug
Sept .
1963 (Est.
49,915
56,633
60,560
59,102
58,826
67,125
67,918
71,915
US
.
Apr
466
10,396
11,322
12,302
11,528
11,733
13,271
13,175
14,404
14,300
18,265
21,299
21,531
20,533
18,092
22,179
21,765
21,296
1955
For old-age
For railand
road redisability
tirement
insxirance
2/
1/ 2/
43 6/
286
48
J79
19
receipts
net of refunds and
transfers
to trust
accoxmts
Less:
Interfund
transactions
Net
budget
receipts
.
.
.
November 1962
.BUHJET RECEIPTS AND EXFEJJDITURES
Table 2.- Detail of Miscellaneous Receipts by Major Categories
(In millions of dollars)
RealizaDividends tion upon
and other loans and
earnings investments
Fiscal year
or month
Recoveries an
refunds
Royalties
Sale of
Government
property
Seign-
Fees for
permits
and
licenses
Fees end
other
charges
for
services J
Fines,
penalties
and forfeitures
Other
i/
etc.
2,559
3,006
2,749
3,196
3,153
4,064
4,082
3,192
1955
1956
1957
1958
1959
1960
1961
1962 p
408
554
628
745
601
967
942
867
252
291
438
674
506
,111
805
743
274
296
328
328
587
436
1,012
376
410
471
266
363
480
387
253
313
258
90
136
225
194
160
161
133
111
100
101
312
304
350
374
330
393
322
343
345
325
392
343
lU
182
154
212
194
30
360
93
325
94
1963 (Est.).
269
198
161
1962- Jan
Feb
Mar
Apr ....
May
243
216
15
J\me p.
500
267
July.
.
Aug
Sept .
.
685
300
517
415 2/
Oct
1963 to date
1,720
160
307
490
40
Actual figures through 1961 are from reports to the Treasury
Source:
Department by disbursing officers and administrative agencies, on the
monthly statement reporting basis (see page II); and from the monthly
statement of receipts and expenditures thereafter. Estimates are from
the 1963 Budget Review, released November 13, 1962, including effects
of proposed legislation.
1/
2/
»
Footnotes to Table
6/
2/
8/
2/
10/
11/
Includes adjustments as follows for:
Income taxes not withheld,
January -$6 million, April -$450 million, June +$12 million, and
October -$4 million; income taxes withheld, January -$47 million,
April +$74 million, June -$89 million, and October -$142 million;
transfers to Federal Old-Age and Survivors Insurance Trust Fund,
January +$49 million, April +$348 million, June +$70 million, and
October +$134 million; and transfers to Federal Disability Insurance Trust Fund, January +$3 million, April +$29 million, June
+$8 million, and October +$12 million. See also footnote 8.
Interest on refxinds is included in expenditures in Table 3Amounts appropriated to the Federal Old-Age and Survivors Insurance
Trust Fund are equivalent to the amounts of taxes collected and
deposited for old-age insxirance. Amounts transferred currently
for appropriation to the trust fund are based on estimates of -oldage insurance tax receipts made by the Secretary of the Treasury
(42 U.S.C. 401 (a)), and are adjusted in later transfers on the
basis of wage and self -employment income records maintained in the
Social Security Administration. See also footnote 16,
The Federal Disability Insurance Trust Fund was established by the
Social Security Act Amendments of 1956, approved Aiagust 1, 1956 (42
U.S.C. 401 (b)).
The act appropriated to the trust fund amounts
equivalent to specified percentages of the wages and self-employment
income, respectively, which are taxed for old-age insurance, and
provided that the amounts appi-opriated should be transferred from
time to time to the trust fund on the same basis as transfers to the
Federal Old-Age and Survivors Insurance Trust Fund. Rates of tax
were increased by the percentages appropriated to the Federal Disability Insurance Trust Fund, the increase being applicable to wages
paid and taxable years beginning after December 31, 1956.
Amounts are appropriated to the Railroad Retirement Accoimt equal to
the amount of taxes xinder the Railroad Retirement Tax Act deposited
in the Treasury, less refunds, during each fiscal year (65 Stat. 222
and 66 Stat. 371) and transfers are made currently.
The Bnployment Security Act of 1960, approved September 13, 1960 (42
U.S.C. 1101), established in the Unemployment Trust Fund an administra-
12/
13/
14/
15/
16/
17/
»
1
15
20
61
Consists of miscellaneous taxes (principally the tonnage tax on
foreign vessels entering U. S. ports), bullion charges, and gifts
and contributions.
Includes $210 million received from the French Government and $179
million from the Italian Government for prepayment of loans.
Less than $500,000.
Preliminary.
p
n.a.
Not available.
(Ck>ntlnued)
tion account, and appropriated for credit to that account, beginning
with fiscal 1961, ^acunts equivalent to taxes collected and
deposited under the Federal Unemployment Tax Act. The tax receipts
are transferred currently on the basis of estimates by the Secretary
From that
of the Treasury, with later adjustments as necessary.
account are to be paid the administrative expenses of the employment
security program. Previously the corresponding amounts were included,
respectively, in budget receipts and budget expenditures.
The Highway Revenue Act of 1956, as amended, (23 U.S C.
120, note) established a Highway Trust Fxind from which are to be made,
as provided by appropriation acts. Federal-aid highway expenditures
after June 30, 1956, and before October 1, 1972. The act appropriated
to this fund amounts equivalent to specified percentages of, receipts
from certain excise taxes on motor fuels, motor vehicles, tires and
tubes, and use of certain vehicles, and provided that the amoxints
appropriated should be transferred cxirrently to the trust fund on the
basis of estimates by the Secretary of the Treasxxry with proper
adjustments to be made in subsequent transfers. Before fiscal 1957
corresponding excise tax receipts were included in net budget receipts
and Federal-aid highway expenditures were included in budget expenditures.
For content, see Table 4. These transactions are included in the
detail of both budget receipts and budget expenditures, but are
deducted from the totals (see Reporting Bases, p. II).
Figures in this column differ from those published under the same
caption prior to the September 1960 Treasury Bulletin because of the
exclusion of certain interfund transactions (see footnote 13).
Transfers reduced by $300 million to adjust those made earlier on
basis of estimates (see footnote 8).
Beginning fiscal 1961, the principal amounts for refunds of employment taxes and certain excise taxes (highway) are excluded from the
transfers of tax receipts shown herein, and are included with
refunds of internal revenue receipts, applicable to trust accounts.
Reflects gross amounts based on reimbursements by trust accounts for
refunds of taxes which were made in previous months or fiscal years.
Preliminary,
Less than $500,000.
p
,
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
Corporation Income and Profits Taxes
-
Individual Income
Taxand-
Employment Taxes*
32
30
28
26
22
20
18
16
i
nnrwTrMTnrwinryTr
November 1962
BUKET RECEIPTS AND EXPENDITURES
.
.
Table 3.- Expenditures by Agencies
(In millions of dollars)
Executive
Office
of the
President
Legislative
Branch
Funds
appropriated
to the
President
65
85
4,473
4,115
4,081
4,109
126
134
153
Defense Department
Commerce
Department
4,636
5,177
5,006
4,875
7,091
-1,381
97
99
118
Agriculture
Department
1,764
1,808
1,989
y
1,077
1,293
5,419
5,929
539
498
6,667
594
Military
Civil
funotlc
Health,
Education,
and
Welfare
Department
35,532
35,791
38,439
39,062
41,233
548
573
639
733
807
1,993
2,071
2,295
2,645
3,092
42,824
44,677
48,184
562 2/
645
382
902
971
999
Interior Justice
Depart- Department
ment
3,403
3,685
4,215
515
512
572
666
751
182
216
214
229
250
258
284
294
Labor
Department
394
412
418
Post
Office
Department 1/
356
463
518
674
774
67
1,016
549
831 iJ
613
525
9L4
787
State
Department
136
H2
179
206
272
247
258
299
2,458
162
139
195
447
426
542
4,044
3,865
4,338
190
111
154
403
350
601
4,046
4,528
4,757
112
3,692
4,208
3,823
113
104
WO
188
154
421
369
370
75
351
299
331
450
404
389
114
119
412
Treasury Department
public
debt
V
6,370
6,787
7,244
7,607
7,593
9,180
8,957
9,140
refunds
Df taxes
Other 6/
368
879
748
765
2,178
875
987
ly
Atomic
Energy
Commission
1,857
1,651
1,990
2,268
2,541
2,623
2,713
2,806
1,035
803
755
733
777
775
842
794
807
102
Federal
Aviation
Agency
2/
245
508
638
699
General
Services
Administration
Housing National
Veterans
and
AeroHome
nautics
AdminiFinanci and Space stration
Agency Adm. 8/
Other
independent
agencies 2/
Less:
Inter-
Total by
agencies
fund
transactions
10/
Total
budget
expenditures
11/
-
.
.
Treasury Bulletin
.BUDGET EECEIPTS AND EXPENDITURES.
Table 4.- Interfund Transactions Excluded from Both Net Budget Receipts and Budget Expenditures
(In millions of dollars)
Interest payments to the Treasury
Fiscal
year or
Total
Inter-
1955
1956
181
315
1957
1958
1959
467
567
355
342
1960
1961
1962 p
694
654
633
682
640
620
136
132
173
297
456
557
Commodity
Credit
Corp.
60
Export
Import
Bank of
Wa shington 2/
26
tfciuslng
and
Home
Finance
Agency
Panama
Canal
Company
Small
Business
Admin,
1/
Tennessee
Valley
Authority
Under
Veterans'
Defense
AdminProistration
duct ion
Act
Reimbursement by
Other
6/
V
2/
51
Canal
Company
2/
Federal
intermediate
credit
banks'
franchise
tax 8/
various
agencies
15
175
340
421
181
465
410
330
118
146
1963 (Est.)
1962-January. .
February.
March
April
May
June p.
, .
July
August . . .
September.
October...
1963 to date...
24
74
3
ration;Bureau of Federal Credit Unions;Clvil Defense Program Fund;Farmers' Home Administration: Agricultural Credit Insurance Fund (formerly
the Farm Tenant Mortgage Insurance Fund) beginning 1956, and the direct
loan account, both established pursuant to Title III of the Agricultural
Act of 1961, approved August 8, 1961; Informational Media Guaranty
Fund beginning 1959; Federal Ship Mortgage Insurance Fund beginning
1960; and St. Lawrence Seaway Development Corporation beginning I960.
For net cost of Canal Zone Government, less tolls on Government vessels,
and for part of treaty payment for use of Canal Zone.
Realization on the Government's investment.
Less than $500,000.
Preliminary.
See Table 2.
By Government agencies operated as revolving funds; on loans (see "Debt
Outstanding/' Table 6) and other interest-bearing U. S. investments.
Excludes transactions under Defense Production Act.
Consists of payments by: Office of the Administrator for college
housing, urban renewal, prefabricated housing loans for 1955, and public
facility loans beginning 1957; Federal National Mortgage Association;
and Public Housing Administration.
Direct loan program.
By various agencies for programs under the Defense Production Act.
Consists of payments by: Reconstruction Finance Corporation for 1955;
Colorado River Dam Fund, Boulder Canyon project; Virgin Islands Corpo-
Souri
Footnotes to Table 3.- (Continued)
2/
2/
^
^
6/
2/
6/
2/
Beginning 1957, Federal aid for highways is excluded from budget expenditures and included in trust account expenditures (see Table 1).
Adjusted for reclassification.
Beginning with fiscal 1961, administrative expenses of the employment security program are handled as trust account expenditures
rather than budget expenditures, pursuant to the Einployment Security
Act of I960, approved September 13, I960 (42 U.S.C. 1101); see
Table 1, footnote 11.
Reported on an accrual basis effective June 30, 1955.
Includes Reconstruction Finance Corporation except beginning July 1,
Under Reorganization Plan No. 2
1954, certain functions transferred:
of 1954 (15 U.S.C. 609, note) to the Export- Import Bank, the Federal
National Mortgage Association, and the Small Business Administration;
and under Executive Order 10539, as amended, (15 U.S.C. 603, note)
to the General Services Administration. The corporation was abolished
at the close of June 30, 1957, by Reorganization Plan No. 1 of 1957,
and its remaining functions were transferred to the Housing and Home
Finance Administrator, Administrator of General Services, Administrator
of Small Business Administratioi;, and Secretary of the Treasury,
Established pursuant to the Federal Aviation Act of 1958 (49 U.S.C.
1341 (a)), approved August 23, 1958.
Established pursuant to the National Aeronautics and Space Act of
1958 (42 U.S.C. 2472 (a)), approved July 29, 1958.
Consists of Federal payment and loans and advances.
Ifl/
11/
12/
1 3/
14/
*
p
For content, see Table 4. These transactions are included in the
detail of both budget receipts and budget expenditures, but are deducted from the totals (see Reporting Bases, p. II).
Figures in this column differ from those published under the same
caption prior to the September 1960 Treasury Bulletin because of the
exclusion of certain interfund transactions (see footnote lO).
Effective January 1, 1957, the production credit corporations were
merged in the Federal intermediate credit banks, pursuant to the Farm
Credit Act of 1956,- approved July 26, 1956 (12 U.S.C. 1027), and operations of the merged agencies (as mixed-ownership corporations) were
classified as trust enterprise funds (see "Trust Account and Other
Transactions," Table 3); previously the operations of the banks and the
corporations, respectively, were classified as public enterprise funds
and were included net in budget expenditures.
Includes $1,375 million paid to the International Monetary Fund for the
additional United States subscription, authorized by an act approved
June 17, 1959, consisting of $344 million in gold (see "Monetary
Statistics," Table 3) and $1,031 million in special notes. The special
notes of the United States issued to international institutions are
nonnegotiable and nonlnterest-bearlng and are payable on demand. See
also "Cash Income and Outgo," Table 5 and "Debt Outstanding," Table 1,
Total includes allowance for contingencies of $300 million.
Less than $500,000.
Preliminary.
'
November 1962
BUDGET RECEIPTS AND EXPENDITURES
Table 5.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of September 30, 1962
(In millions of dollars; negative figures are deductions In the columns In which they appear)
Unexpended
balances
brought forward
July 1, 1962
Preliminary
2/
Agency-
Additional, fiscal year 1963 to date
Increase 2/
Appropriations
V
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Agriculture Department
Commerce Department
Defense Department:
Military functions
Military assistance
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Trea sury Depa rtment
Atomic Energy Commission
Federal Aviation Agency
General Services Administration
Housing and Home Finance Agency
National Aeronautics and Space Administration
Veterans' Administration
Other Independent Agencies
District of Columbia - Federal payment and loans to,
lotal
,
,
,
,
79
5
Authorizations
to expend from
debt receipts
^
I
{
i
Tota 1
Deduct:
167
28,697
2,785
356
49,454
360
49,454
360
325
325
1,832
4,408
737
4,408
697
3
10,198
3,904
1,060
-451
36
79
325
373
130
416
1,205
585
534
12,731
1,158
850
10,908
96
78,623
79
325
907
907
122
230
122
10,388
700
208
68
69
750
1,474
281
33
75,34^
10,388
700
208
68
51
750
1,474
218
33
75,325
Total budget expenditures
,1/
Biireau of Accoxints,
Unexpended balances September 30, 1962 (Prelljninary)
Undisbursed
appropriations
Unused authorizations to
expend from
debt receipts
46
6
12
4,231
1,725
551
482
2,540
152
11,498
231
Unfunded
contract
authorizations
Investments
held
Total 2/
2/
45
6,025
3,546
300
13
217
10,256
5,284
1,068
66,652
2,913
366
1,243
305
81
66,652
2,913
376
4,997
787
305
4,997
843
34
34
449
1,098
128
7,840
1,218
561
106
182
125
2,712
686
186
111
269
463
1,332
152
37
449
1,098
128
8,090
1,218
608
491
12,487
1,445
993
11,001
93
491
534
1,445
651
720
93
250
9,577
-7 12/
97,556
3,794
130,640
124
23,120
Details for the current fiscal year to date
are shown in Bureau of Accounts report "Budgetary Appropriations and
Other Authorizations, Expenditures and Unexpended Balances".
These figures, the latest available, are based on reports from the
agencies and as additional information is received are subject to
adjustment preparatory to the closing of the central accounts in the
Treasury for the fiscal year 1962. Subject to adjustment are: Certain
overseas transactions not yet included; the write-offs or withdrawals
of unobligated balances no longer available, since agency reports
covering these transactions are not required by law to be submitted
until September 30 (the write-offs in the fiscal year 1961 amounted
to $362 million); certain indefinite appropriations Included on the
basis of Budget estimates rather than final actual figures; other
3o\irce:
Rescissions,
cancellations,
and other
adjustments 8
23,244
Certain interfund transactions.
2/
47
15
13
540
3,920
159
Expenditures
i
^
29
15
13
540
3,954
Deductions, fiscal year 1963 to date
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Agriculture Department
Commerce Department
Defense Department:
Military functions
Military assistance
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Trea sury Department
Atomic Energy Commission
Federal Aviation Agency
General Services Administration
Housing and Home Finance Agency
National Aeronautics and Space Administration
Veterans' Administration
Other Independent Agencies
District of Columbia - Federal payment and loans to.
Adjustment to monthly statement of receipts and
expenditures of the Government
Transfers,
boiTOwlngs,
Investments
Other authorizations
transactions, including those relating to (a) authorizations to expend from debt receipts, (b) restorations and reappropriatlons. Includes same categories as shown at end of current period.
2/ Although not expended, a substantial portion of these amounts is
obligated for outstanding purchase orders and contracts for equipment
and supplies, for payrolls, and for similar items.
2/ Data with respect to new appropriations and other authorizations for
the fiscal year 1963, cover only those acts approved through
September 30, 1962.
Includes reappropriatlons,
Consists of authorizations by law for Government-owned enterprises to
borrow (l) from the Treasury (to expend from public debt receipts), or
(2) from the public (to expend from debt receipts).
Remaining footnotes on page 9.
^
^
.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
,
Table 6.- Expenditures and Balances by Functions
(Fiscal years; in millions of dollars)
1963 through September
Function
code
number
National defense:
Department of Defense-military functions
Military assistance
Atomic energy
Defense-related services
^
Total national defense
International affairs and finance:
Conduct of foreign affairs
Economic and financial assistance
Foreign information and exchange activities
151
152
153
39,070
2,187
2,268
708
41,223
2,340
2,541
387
41,215
1,609
2,623
244
43,227
1,449
2,713
104
46,784
1,359
2,806
92
44,234
051
057
058
059
46,491
45,691
47,494
51,042
173
237
3,403
139
217
1,477
137
216
2,126
158
249
2,326
197
1,910
149
114
421
40
2,771
1,832
Total international affairs and finance
11,499
231
Space research and technology
Agriculture and agricultural resources:
Farm income support and production adjustment
Financing farm ownership and operation
Financing rural electrification and rural telephones.
Agricultural land and water resources
Research and other agricultural services
^
^
4,419
6,590
401
402
403
404
405
409
1,139
174
1,184
201
315
392
31
674
170
Total agriculture and agricultural resources
Natural resources:
Land and water resources
Forest resources
Minera 1 resources
Fish and wildlife resources
Recreational resources
General resource sxirveys and administration
,602
289
330
368
293
315
376
291
1,235
220
3,801
349
301
397
324
4,747
234
303
414
338
5,173
5,297
311
501
502
503
505
506
507
508
^
3,284
269
297
315
255
351
352
353
35^
355
6,036
1,394
331
1,563
265
716
569
782
654
33
787
417
65
167
103
471
128
33
Total natural resources
Commerce and transportation:
Aviation
Water transportation
Highways
Postal service
Advancement of business
Area redevelopment
Regulation of business
568
508
38
525
265
494
436
914
271
182
100
Total commerce and transportation
Housing and community development:
Aids to private housing
Public housing
Urban renewal and comnmnity facilities
National Capital area
-172
134
130
551
552
553
555
150
162
51
-163
163
261
74
Total housing and community development
Health, labor, and welfare:
815
^
Total health, labor, and welfare
540
488
1,797
234
700
924
1,969
284
938
809
2,170
326
1,129
510
2,061
304
3,059
651
652
653
654
Health services and research
Labor and manpower
Public assistance
Other welfare services
3,877
3,690
4,244
4,425
189
178
259
327
261
120
156
332
286
143
181
283
434
183
176
1,085
227
584
2,436
277
Education:
Assistance for elementary and secondary education 6/
Assistance for higher education 2/
Assistance to science education and basic research,
Other aid to education 6/
701
702
703
704
225
106
141
Total education
Veterans' benefits and services:
Veterans' service-connected compensation^
Veterans' nonservice-connected pension
Veterans readjustment benefits
Veterans' hospitals and medical care
Other veterans' benefits and services 2/
^
'
Total veterans' benefits and services
Footnotes at end of table.
802
803
804
805
2,024
1,036
1,026
856
242
2,071
1,153
864
921
280
2,049
1,263
961
266
2,034
1,532
559
1,030
259
5,184
5,287
5,266
5,4U
725
(Continued on following page)
183
51
1/
November 1962
BUDGET RECEIPTS AND EXPENDITURES.
Table 6.- Expenditures and Balances by Functions
(Fiscal years; In millions of dollars)
Function
code
number
Interest:
Interest on the public debt
Interest on refunds of receipts.
Interest on uninvested funds,,..
851
852
853
Total interest.
General government:
Legislative functions
Judicial functions
Executive direction and management 12/..
Central fiscal operations
General property and records management.
Central personnel management
Protective services and alien control...
Other general government
903
904
905
906
502
245
84
233
69
1,284
Total general government.
Undistributed.
Certain Interfund transactions included in both
expenditures and receipts
Less:
71,369
Budget expenditures (see table 3).
Expenditures for 1962 and 1963 are from reports to the Treasury
Source:
reporting
Department by disbursing officers, on the monthly statement
classifibasis (see page II), They are classified in accordance with
document, Table 14, as nearly as can
cations used in the 1963 Budget
basis. Prior
be done on an Individual appropriation and fund item
below the
year figures are from the same source but have been adjusted
appropriation level in some instances by the Bureau of the Budget for
this account,
use in Table 14. Where current classifications differ on
net in
they are footnoted. Revolving fund transactions are included
the expenditures,
1962,
Expenditures by major functions for fiscal 1963 through October
1/
are shown below. Details by
and fiscal 1962 through October 1961
issue but will
functions are not available for publication In this
appear in the December Bulletin
1963 through
October 1962
1962 through
October 1961
(In millions)
National defense
International affairs and finance
Space research and technology
Agriculture and agricultural resource:
Natural reso.urces
Commerce and transportation
ftjusing and community development . . .
Health, labor, and welfare
Education
Veterans' benefits and services
Interest
General government
.
Total
Less:
Certain interfund transactions
Budget expenditures
-
17,043
-
(Continued)
.
.
.
-
'
Treasury Bulletin
10
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table !•- Summary of Trust Account and Other Transactions
(In millions of dollars)
Net receipts, or
expenditures (-),
Fiscal year
or month
from trust account
and other transactions
_^^_
1955
1956
1957
1958
1959
231
-194
195
633
-329
1960
1961
1962 p
-50
-602
431
Trust and deposit fund accounts
Net
Net
receipts
1/
Excess of
receipts, or
expenditures
expenditures
1/
V
565
219
Net sale, or redemption
(-), of securities of
Government agencies in
the market
-1,362 2/
-2,617
-2,300
-197
1,112
8,530 2/
9,423
12,950
16,057
18,461
20,893 i/
23,018 2/
24,118
9,521
11,673
14,359
16,319
16,950
20,534 i/
23,583
24,336
991 2/
2,250
1,409
262
-1,511
-359
Net sale, or investment
(-}> by Government
agencies in public debt
securities 2/
602 2/
173
1,085
567
71
1,023
-733
658
-7U
-435
-445
1963 (Est.)...
1962-January.
February.
March.
-152
381
-1,455
716
-212
April
June p
1,587
4,053
2,586
1,867
1,591
2,261
455
-2,182
-652
1,194
3,447
1,622
1,859
2,082
2,362
165
102
1,137
-437
13
-664
1,365
-739
-126
October.
2,322
2,027
2,040
-1,470
-279
2,461
132
258
-321
July
August...
September
2,743
1,828
325
-U5
-15
May
Actual flgiires are from the monthly statement of receipts and
Source:
expenditures of the Government (for explanation of reporting bases,
see page II); estimates are from the 1963 Budget Review, released
November 13, 1962, including effects of proposed legislation.
1/ Certain intertrust fund transactions are excluded from both receipts
and expenditures beginning with the July 1961 issue of the Bulletin.
For detail see Table 6.
Also includes guaranteed secxirities (see Table 4).
Effective July 1, 1955, secxirity transactions of Government- sponsored
enterprises are included in deposit fund account expenditxires (net)
^
^
p
-119
46
41
992
572
and excluded from net investment by Government agencies in public
debt securities (see Table 4) and from net redemption or sale of
obligations of Government agencies in the market (see Table 5).
Figures for 1955 have been revised to the new classification basis.
Adjusted for reclassification of certain repayments of advances from
the general fund.
Beginning fiscal 1961, refunds of taxes (principal only) are deducted
from receipts, and therefore are excluded from expenditures.
Preliminary.
n.a.
Not available.
Table 2.- Trust Account Receipts
(In millions of dollars)
Fed. Dis-
ability
FOASI
Trust
Fund
1955
1956
5,586
7,003
7,159
7,900
8,182
10,439
11,824
12,022
1957
1958
1959
1960
1961
1962 p
Ins.
Trust
Fund
y
339
943
938
1,071
1,083 5/
1,092
Railroad
Retirement
Account
700
739
723
695
758
1,403
1,051
1,086
1963 (Est.)
1962- January
February.
. .
March
April
728
,303
,120
May
June p
July
August
September.
October
148
1,656
1,046
13
84
64
62
189
120
36
156
.
840
520
Unemployment
Trust
Fund
1,425
1,728
1,912
1,855
1,997
2,703
3,803
3,980
^ 6/
National
Service
Life Insurance
Fund
Government
Life
Insurance Fund
Federal
employees
retirement
funds
Highway
Trust
Fund
Other
trust
accounts
1/
Less:
Total
trust
accounts
Intertrust
fund
transactions 2/
Net
trust
account
receipts
2/
.
'
.
November 1962
11
THUST ACCOUNT AMD OTHEE TRANSACTIONS.
Table 3.- Trust and Deposit Fund Account Expenditures
(In millions of dollars; negative figures are excess of credits)
Trust accounts, etc.
Fiscal year
or month
Federal Old-Age
and Survivors
Insurance Trust
Fund
Federal
Disability
InsMrance
Trust Fund
4^87
1955
1956
1957
1958
1959
1960
1961
1962 p
5,551
6,723
8,116
9,454
11,152
11,752 2/
13,270
1963 (Est.)...,
RaiLroad
Retirement
Account
585
611
682
730
778
1,136
1,124
1,134
Unemployment
Trust
Fund
1,965
1,393
1,644
U,164
181
371
571
746 2/
3,U8
3,054
2,736
4,734 2/
3,907
U
National
Service Life
Insurance
Fund
Government
Life
Insurance
Fund
538
512
515
544
562
582
707
629
84
Federal
employees
retirement
funds
Highway
Trust
Fund
591
699
792
896
955
1,063
9
y
240
1,169
1,134
1,137
1,503
347
246
339
132
178
331
1,146
1,157
1,157
205
204
September
239
317
279
October..
1,173
213
April
May
June p
July
Axigust ,
,
Fiscal year
or month
100
101
218
206
929
102
176
946
966
1,602
2,709
3,049 2/
2,620
2,784
222
134
153
1,086
1,096
1,117
Other
operations
430
507
422
402
398
1962- January. .
February.
March. .. .
Federal National
Mortgage Assoc, i/
Financing by
Treasury
,
.
.
'
Treasury Bulletin
12
,
TRUST ACCOUNT AND OTHER TRANSACTIONS,
Table 4.- Net Investment by Government Agencies in Public Debt Securities
(In millions of dollars; negative fig\ires are excess of sales)
Trust accounts
Fiscal year
or month
1955
1956
1957
1958
1959
1960
1961
1962 p
Total 1/
1,362
Total
trust
accounts
2/
Federal
Old-Age and
Survivors
Insurance
Trust Fund
W5
1,236
2,516
2,263
106
-1,214
548
286
241
1962- January.
February.
March. . .
-1,137
^37
-13
-1,141
404
23
April....
-455
2,182
652
-455
2,L27
543
-319
1,101
-341
-992
1,470
-572
-1,013
1,449
-520
-852
752
-369
2,617 5/
2,300
197
-1,112
7U
-435
V
1,241
1,463
220
-499
-1,290
-726
-225
-1,089
Federal
Disability
Insurance
Trust Fund
V
Railroad
Retirement
Account
141
121
325
729
552
494
285
36
-33
-35
264
-78
-63
Unemployment
Trust
Fund
-545
258
274
-1,255
-1,011
-41
-952
72
1963 (Est.)...
May
June p.
.
July
August, .
September
October.
-267
National
Service
Life
Insurance
Fund
73
135
Goverranent
Life
Insurance
Fund
Federal
employees
retirement
funds
Hlghwa
Trust
Fund
Federal
intermediate credit
banks j/
)
..
.
.
.
.
Sovember 1962
13
.
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 5.- Net Redemption or Sale of Obligations of Government Agencies in the Market
(In millions of dollars; negative figures are excess of sales)
Securities not guaranteed by the United States
Securities guaranteed by the United States
Public enterprise funds
Fiscal year
or month
Total
V
-602
-173
-1,085
-567
-71
-1,023
733
-658
1955
1956
1957
1958
1959
1960
1961
1962 p
Federal
Housing
Administration
Home
Owners'
Loan
Corporation
Public enterprise funds
Total not
guaranteed
1/
Federal
intermediate
credit
banks 2/
Federal
National
Mortgage
Association 2/
-639
-144
-1,052
-573
-61
-994
833
-454
Total
guaranteed
Federal
Farm
Mortgage
Corporation
Trust
enterprise
fund
-69
-570
stadium
fund
37
-30
-33
-100
-204
Home
Owners'
Loan
Corporation
-233
6
797
1963 (Est.)...
1962- January.
February.
-165
-102
March
April.
. .
May
June p..
July
August ,
September
.
.
119
-46
-41
123
-24
-24
-3
-22
-18
October.
Securities not guaranteed by the United States - (Continued)
Public enterprise
funds - (Cont.
Fiscal year
or month
Tennessee
Valley
Authority
MemorandxM
Trust enterprise funds
Government-sponsored enterprises
Federal
intermediate
credit
banks £/
Federal
National
1955
1956
-238
-225
1957
1958
1959
1960
1961
1962 p
58
Total
Governmentsponsored
enterprises
Banks
for
cooperatives
Federal
home
loan
banks
Federal
intermediate
credit
banks Z/
-269
-872
-86
167
-1,222
-723
-195
-1,121
-226
-588
191
282
-554
-284
200
-750
-340
-144
-124
-132
122
-200
-114
238
-160
-33
-41
37
-135
-293
101
-65
-231
-74
-63
-74
-382
-254
-100
-950
-115
-125
-994
-312
-126
-25
1963 (Est.)...
1962-January.
February.
March. . ..
-149
-33
-24
April
47
May
46
9
June p.
.
July
August .
September
123
-24
-24
October.
-11
.
Source:
See Table 1.
1/ Excludes net transactions of Government- sponsored enterprises (see
Table 3).
2/ Classified as a public enterprise fund prior to January 1, 1957; as
trust enterprise fund January 1, 1957, to January 1, 1959; and as a
Government-sponsored enterprise thereafter.
6
-448
2/
^
»
p
a.
Management and liquidating functions.
Secondary market operations.
Less than $500,000.
Preliminary,
Not available.
Federal
land
banks
-53
-261
-230
-95
-242
-250
-220
-192
..
Treasury Bulletin
Ik
TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 6.- Intertrust Fund Transactions Excluded from Both
Net Trust Account Receipts and Net Trust Account Expenditures
(In millions of dollars)
Fiscal year
or month
1955
1956
1957
1958
1959
1960
1961
1962 p
Federal
Old-Age and
Survivors
Insurance
Trust Fund 1/
Federal Disability
Insurance
Trust
Fund 1/ 2/
Railroad
Retirement
Account
1/ 2/
124
600
332
361
211
132
101
Unemployment
Trust
Fund
^
Federal
employees'
retirement
funds
^
Columbia 6/
515
525
1963 (Est.)
1962-January. .
February.
March
April
May
June p
.
July
August ....
September.
October.
.
Source:
See Table 1.
l/ Payments are made between the Railroad Retirement Account and the
Federal Old-Age and Survivors and Federal Disability Insurance trust
funds so as to place those funds in the position in which they
would have been if railroad employment after 1936 had been included
TBnder social security coverage.
2/ Includes interest on amounts reimbursed to the Federal Old-Age and
Surrivors Insurance Trust Furid for administrative expenses.
j/ Includes temporary advances to the Railroad Unemployment Insxirance
Account in the Unemployment Trust Fund when the balance in the
^
^
6/
*
p
account is insufficient to meet payments of benefits and refunds due
or to become due.
Repayment of advances plus interest to the Railroad Retirement Account.
See footnote 3.
Transfers from the Civil Service Retirement and Disability Fund to
the Foreign Service Retirement and Disability Fund.
Contributions and beginning with 1958, transfers of deductions from
employees' salaries to the Civil Service Retirement and Disability Fund.
Less than $500,000.
Preliminary,
.
,
,
November 1962
15
TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 7.- Federal Old-Age and Survivors Insurance Trust Fund
1/
(In millions of dollars)
Receipts
Fiscal year
or month
1937-52
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962 p
Total
Appropriations
2/
,
,
,
by-
^
24,000.1
4,516.3
5,080.3
5,585.8
7,003.4
7,158.8
7,899.9
8,182.3
10,439.4
11,823.9 2/
12,022.2
,
Expenditures other than investments
Deposits
States
21,819.9
4,086.3
4,537.3
5,039.6
6,336.8
6,301.2
6,870.4
7,157.7
9,271.9
10,537.2 2/
10,611.7
Net earnings
on investments
26.6
43.3
92.4
98.6
171.6
296.8
472.1
481.1
650.3
755.4
2,138.2
386.6
438.9
438.0
487.5
555.3
555.4
543.0
516.4
530.2
539.0
lAl.l
1,489.0
1,031.0
727.6
2,302.5
1,120.0
671.6
2,012.0
927.5
September.
409.2
1,848.4
840.4
400.0
1,564.0
839.0
1937 to date p
106,811.0
July
Axogust
,
. . .
Payments
to Railroad
Ret irement
Account
^
Relnbursement
to general
fund iO/
.3
34.5
1,134-2
1,136.8
1,503.0
1,107.3
1,113.7
1,113.6
3.6
18.9
2.7
1,146.5
1,157.0
1,156.7
1,117.0
1,134.0
1,125.5
87,520.9
83,380.0
Assets, end of period
385.0
39.0
39.4
43.8
45.3
3.7
3.7
3.7
1962-January. .
February,
March
April
. .
.
1937 to date p
-9.1
-17.5
-28.8
-33.2
-60.3
16,600.0
1,766.3
1,675.5
1,098.4
1,452.1
435.8
-216.3
-1,271.2
-712.7
71.6
-1,248.0
n.a.
1,417.4
31.6
balance
i2/
645.9
18,786.7
19,346.8
19,276.2
17,576.4
17,933.6
17,994.3
1,210.2
1,413.2
1,281.9
18,869.6
20,035.3
19,652.3
17,674.9
18,776.1
18,434.7
1,194.7
1,259.2
1,217.7
18,915.1
19,606.5
19,290.1
17,582.6
18,334.2
17,965.6
1,332.5
1,272.3
1,324.6
19,290.1
^
327.1
548.8
702.8
560.5
550.1
765.6
1,048.4
1,067.0
1,079.9
1,376.8
1,217.7
-737.3
691.4
-316.3
1,717.6
16,273.1
17,817.6
19,339.9
20,580.5
22,043.0
22,263.3
21,764.2
20,474.4
19,748.8
19,523.5
18,434.7
-406.6
1,165.7
-382.9
25.8
19.1
24.4
16,600.0
18,366.4
20,042.6 8/
21,141.0
22,593.1
23,028.9
22,812.6
21,541.4
20,828.7
20,900.3
19,652.3
-938.6
560.1
-70.6
See Table 1.
Source:
8/
1/ Includes transactions under the predecessor Old-Age Reserve Account.
2/ Total includes: $15.4 million transferred from general fxmd for administrative and other costs of benefits payable to survivors of certain World
10/
War II veterans (60 Stat. 979 and 64 Stat. 512); beginning November 1951,
small amounts in the nature of recoveries from expenditures incidental to
the operations; and beginning 1958, interest payments from Federal Disability,
Insurance Trust Fund, and sale of waste paper.
11/
2/ Includes unappropriated receipts beginning January 1962. For basis, see
"Budget Receipts and Expenditures," Table 1, footnote 8.
To cover employees of States and their political mibdlvlsions , under
the Social Security Act Amendments of 1950 (42 U.S.C. 4I8).
12/
i/ See Table 9.
6/ Reimbursement to the general fund pursuant to the Social Security Act
Amendments of 1950 and 1956 (42 U.S.C. 401(g)(2)).
13/
2/ Beginning fiscal 1961, refxands of taxes are reported as deductions from
*
receipts.
^
Iftiexpended
Investments
-311.0
26.0
23.3
18.6
3.5
3.8
6.6
July
August .
September.
.
252.9
65.1
62.7
76.0
93.7
119.0
138.9
173.2
179.3
223.6
263.5
3.4
3.4
3.4
May
June p.
Reimbursement (-) from
Bureau of
Fed. Dis. Insurance
OASI n/
Trust Fund 12/
Net increase,
or decrease
(-), in
assets
n.a.
124.4
600.4
331.7
360.8
1963 (Est.)
291.1
24.4
26.0
27.1
30.7
30.9
1.6
1937-52
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962 p
n.a.
4.7
Administrative expenses
Construction 2/
2/
1,056.2
1,069.1
1,094.2
Expenditures, etc. - (Continued)
Fiscal year
or month
11,184.5
12,657.8
21.8
23.3
195.6
95,372.9
,.
33.0
40.5
51.0
66.0
58.2
75.5
73.7
79.4
1,086.4
1,096.2
1,116.7
5.6
265.5
-1.3
June p.
6,856.0
2,627.5
3,275.6
4,333.1
5,360.8
6,514.6
7,874.9
9,049.1
10,269.7
14,164.0
34.2
267.2
-3.2
April
May
7,400.1
2,750.0
3,404.8
4,487.5
5,551.3
6,723.0
8,116.2
9,453.5
11,152.1
11,752.3 2/
13,270.2
3.1
13.9
153.4
10.4
March
11.6
9.6
7.4
5.2
1.6
Refunds of
taxes 6/
7,153.8
147.7
1,656.3
1,046.2
1962-January. .,
February.
Benef it
payments
^
524.0
13,853.0
1963 (Est.)
Payment from
Railroad Retirement Account
19,290.1
17,965.6
1,324.6
Includes adjustments to monthly statement basis.
Construction and equipment of office buildings for the Bureau (Public
Lau 170, approved July 31, 1953 (67 Stat. 254)).
Itoder the Social Security Act, as amended (42 U.S.C. 401(g)(1)), for
administration of Titles II and VIII of that act and related parts
See
of the Internal Revenue Code (26 U.S.C. 480-482, 1400-1432).
also footnote 11.
Salaries and expenses of the Bureau of Old-Age and Survivors Insurance are paid directly from the trust fund beginning 1947, under
provisions of annual appropriation acts until passage of the Social
Security Act Amendments of 1956 (42 U.S.C. 401(g)(1)); previously
these expenses were included in reimbursements to the general fund.
See Table 8. This reimbursement is treated as a reduction in
administrative expenses paid from the Federal Old-Age and Survivors
Insurance Trust Fund. Figures exclude interest (see footnote 2).
Includes unappropriated receipts beginning January 1962.
Less than $50,000.
n.a.
Not available.
Preliminary.
.
A
.
Treasury Bulletin
16
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 8.- Federal Disability Insurance Trust Fund
(In millions of dollars)
Expenditures other than investments
Fiscal
year or
month
Appro-
priations
i/
338.6
1957
1958
1959
1960
1961
1963 (Est.)
11.5
68.7
77.3
taxes
168.4
339.2
528.3
704.0
1,011.4
9.3
9.8
8/
5.1
11.0
1.3
3.0
3.9
3.1
9.4
13.0
29.5
34.1
62.5
72.0
11.3
131.0
U6.1
Assets, end of period
Net
Administrative;
crease,
Reimbursement to- or deRailroad
FOASI
Genera 1 crease
Retirement Trust
(-), In
fund
Account 2/ Fund
assets
6/
337.3
761.7
567.6
500.6
337.2
3.2
325.4
1,054.5
1,606.9
2,100.9
2,385.6
2,406.1
11.9
44.5
59.7
66.4
118.8
101.5
-1.0
57.4
1.5
2,364.6
2,422.1
2,423.6
2,266.7
2,304.7
2,319.1
97.9
117.4
104.5
-31.5
97.6
17.9
2,392.1
2,489.7
2,507.6
2,294.0
2,368.4
2,406.1
98.1
121.3
101.5
2,450.7
2,512.2
2,494.9
2,338.9
2,383.8
2,379.3
111.8
128.4
115.5
2,494.9
2,379.3
Apr...
May...
June p
62.3
183.9
120.
57.6
169.0
85.4
4.0
19.0
4.0
93.8
91.3
102.5
93.5
91.0
91.2
July.
36.3
156.0
75.7
36.0
135.0
72.0
.1
19.7
3.6
93.2
94.5
93.1
92.9
94.3
92.8
1957 to datep 5,734.2
5,122.4
353.0
232.0
337.3
1,099.0
1,666.6
2,167.2
2,504.4
2,507.6
-72.0
1.0
26.3
expended
balance
2/
83.2
88.3
86.4
.4
88.2
Aug...
Sept..
Investments
V
1.3
180.8
370.8
570.7
746.3 8/
33.7
47.6
61.5
70.0
1,U9.0
1962- Jan...
Feb...
Mar...
846.7
938.7
953.3 8/
944.5
938.5
1,071.3
1,083.5 8/
1,091.8
Benefit
pay-
1.4
16.1
3.9
63.5
58.1
58.1
333.3
862.9
9«.5
1962 p
Payments
from
its by
Railroad
States
investRetirement
ments
2/
Account j/
Depos.
19.5
3,239.3
16.2
153.4
18.9
2,494.9
of Health, Education, and Welfare (42 U.S.C. 401(g)(1)).
Source:
See Table 1.
1/ Includes unappropriated receipts beginning January 1962. For basis,
see "Budget Receipts and Expenditures," Table 1, footnote 9.
2/ To cover employees of States and their political subdivisions under
the Social Security Act (42 U.S.C. 418).
See Table 9.
Reimbursement to general fund (42 U.S.C. 401(g)(2)).
For appropriate share of administrative expenses paid from the trust
fund during the preceding fiscal year, as determined by the Secretary
Payments
include interest.
For amounts paid from the general fund (42 U.S.C. 401(g)(1)).
Includes unappropriated receipts beginning January 1962.
See Table 7, footnote 7.
Preliminary,
Not available.
6/
2/
S/
y
V
^
p
a.
Table 0.- Railroad Retirement Account
(In millions of dollars)
Expenditures other than investments
Receipts
Fiscal yea
or month
Appropriations
1/
1936-55
1956 6/
1957
1958
1959
7,879.0
739.3
722.6
695.2
758.3
1960
1961
1,403.4
1,050.7 2/
1,086.4
1%2
p
1963 (Est.)...
Apr
May
.
investments
and Fed,
Unempl,
Dis. Ins
Trust
Tr.Fds. 2/ Fund 2/
110.0
110.9
107.4
600.4
336.9
371.3
32.2
37.2
Net
increase;
or decrease
(-), in
assets
Assets, end of period
Un-
Investments
expended
balance
46.6
54.7
59.7
3,532.5
128.6
40.5
-34.6
-19.3
3,532.5
3,661.2
3,701.7
3,667.1
3,647.8
3,485.9
3,606.5
3,642.1
3,609.0
3,573.6
133.7
132.3
101.5
267.4
-73.4
-43.1
3,915.3
3,841.9
3,793.8
3,837.8
3,759.5
3,697.0
32.4
96.8
6.9
13.6
-80.4
-15.3
-36.5
3,491.7
3,476.4
3,439.8
3,403.3
3,369.4
3,353.9
38.4
107.0
35.9
-67.9
-7.1
429.0
4,291.6
596.4
4,346.5
610.6
682.0
729.7
777.6
676.5
105.0
106.7
120.3
108.6
Administrative
expenses
3,371.9
3,364.8
3,793.8
3,280.9
3,274.2
3,697.0
91.0
90.6
96.8
-75.7
-10.6
-37.0
3,718.1
3,707.5
3,670.5
3,625.4
3,619.6
3,564.4
92.8
87.9
106.1
3,670.5
3,670.5
3,564.4
106.1
21.1
7.4
5.2
719.5
768.2
1,136.0
1,124.1 2/
,134.5
1,023.9
93.6
99.7
100.7
85.9
85.4
99.9
58.2
74.2
77.5
1,111.0
11.2
80.6
49.6
15.9
83.7
517.6
12.6
81.8
56.5
July
Aug
Sept
1936 to
date p
606.9
570.7 2/
569.9
13.2
84.4
64.2
1962-Jan
Feb
Mar
June p.
7,202.5
634.3
615.9
574.9
525.2
To FQASI
Benefit and Fed, Unempl.
payments Dis, Ins, Trust
Tr,Fds,2/ Fund 2/
From FOASI From
83.8
95.8
3.3
6.9
78.3
87.4
87.8
87.5
12.3
86.1
50.3
14,487.5
11,449.1
1,449.2
1,433.6
155.6
10,817.0
Source:
See Table 1.
X/ Includes the Government's contribution for creditable military service
Beginning
(45 U.S.C. 223c - l(n)) until payment was completed in 1954.
1952, appropriations of receipts are equal to the amount of taxes deposited in the Treasury (less refunds) xinder the Railroad Retirement
Tax Act, and transfers are made currently subject to later adjustments
(see "Budget Receipts and Expenditures." Table 1).
Beginning 1954,
includes unappropriated transfers of tax receipts.
2/ Payments are made between the Railroad Retirement Account and the
Federal Old-Age and Survivors and the Federal Disability insurance
trust funds so as to place those funds in the position in which they
would have been if railroad employment after 1936 had been Included in
10,230.5
^
4/
^
6/
2/
8/
p
a.
62.2
428.6
95.8
social security coverage (45 U.S.C. 228e(lt)). See Tables 7 and 8.
See Table 10.
Receipts include repayment and interest.
Paid from the trust fund beginning 1950 (63 Stat. 297).
Includes unappropriated receipts beginning fiscal year 1954.
Includes adjustment for change in reporting to a collection basis.
Under procedure beginning fiscal 1961, amounts for interest on refunds
of taxes, formerly included under budget expenditures, are now treated
as transfers of budget receipts to trust account receipts and are included as trust account expenditures.
Includes adjustments to monthly statement basis.
Preliminary,
Not available.
November 1962
.
,
Treasury Bulletin
1«
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table !!•- National Service Life Ineurance Fund
(In millions of dollars
)
Expenditures other
than investments
Fiscal year
or month
1941-52
1953
1954
1955
1956
Premiums and
other receipts
Transfers from
general fund
Interest on
investments
Benefits
Special
and refunds dividends
Net increasCj
or decrease
(-), in
assets
Assets, end of period
Total
Investments
5,255.6
5,304.3
5,301.0
5,353.7
5,491.0
5,190.6
5,249.5
5,272.5
5,345.6
5,481.1
65.0
54.8
28.5
8.0
9.9
Unexpended
balance
11,229.0
636.6
619.3
590.5
649.3
5,511.1
397.7
390.8
405.5
410.2
4,406.9
84.0
72.1
27.8
78.4
1,311.1
154.9
156.4
157.2
160.7
5,973.4
588.0
622.6
537.8
512.0
512.0
5,255.6
48.7
-3.3
52.6
137.3
607.5
639.8
634.3
642.6
667.6
666.0
424.8
459.1
453.4
459.9
483.8
484.9
19.3
14.4
12.2
10.3
8.4
6.9
163.4
166.2
168.8
172.4
175.4
174.2
515.0
543.6
562.1
581.6
707.5
629.2
515.0
543.6
562.1
581.6
707.5
629.2
92.5
96.2
72.3
61.0
-39,8
36.7
5,583.5
5,679.7
5,751.9
5,813.0
5,773.1
5,809.9
5,570.3
5,665.3
5,741.5
5,803.1
5,759.4
5,803.5
13.2
14.4
10.4
9.9
13.8
6.3
48.4
40.1
44.5
47.8
39.4
43.9
57.7
49.1
54.9
57.7
49.1
54.9
-9.3
-9.0
-10.4
5,687.6
5,678.6
5,668.2
5,676.7
5,665.6
5,656.5
10.9
13.0
11.7
40.6
41.4
213.2
54.0
48.9
50.6
54.0
48.9
50.6
5,654.8
5,647.2
5,809.9
5,648.0
5,639.7
5,803.5
6.8
40.5
39.8
44.1
42.0
36.0
52.0
43.4
52.7
52.0
43.4
-9.5
-6.6
5,801.8
5,792.3
5,785.7
5,793.4
5,786.4
5,777.2
8.4
September,
44.6
42.5
36.8
1941 to date p.
17,706.4
11,920.7
5,785.7
5,785.7
5,777.2
1957
1958
1959
1960
1961
1962 p
1%3
2,577.3
434.2
44^.7
382.9
3,396.0
153.8
177.8
154.9
(Est.)...
1962- January,
February.
March....
April
May
June p...
July
August .
. .
.3
.3
172.9
4,742.6
2,960.7
See Table 1.
Source:
Note:
This fund was established by the National Service Life Insurance
Act of 1940 (38 U.S.C. 720).
7.5
6.3
6.0
8.5
Less than J50,000.
Preliminary.
Footnotes to Table 10
1/
2/
V
6/
2/
8/
State unemployment funds; used for benefit payments mainly. Beginning
August 1961, withdrawals by States have been reduced by reimbursements
to State accounts from Federal Extended Compensation Account.
Established by the EiDployment Security Act of I960, approved September
13, I960 (42 U.S.C. 1101(a)), into which are deposited tax receipts
transferred in accordance with the act (see "Budget Receipts and Expenditures," Table 1, footnote 11) and from which are paid the administrative expenses of the employment security program and reimbursement
for tax refunds. Previously the corresponding amounts were included,
respectively, in budget receipts and budget expenditures, and only
the excess of receipts over expenditures, if any, was transferred
to the trust account by appropriation. Receipts consist of appropriated
and unappropriated transfers of tax collections. The Federal unemployment tax allows to the taxpayer credit for contributions to
State unemployment funds up to 90 percent of the tax.
Net of repayments.
Excess of collections from Federal unemployment tax over expenditures
for benefits and administrative expenses each year is deposited in
this account to maintain a reserve of $200 million availaole for loans
to States when needed to replenish the balances in their accounts in
the trust fund.
Beginning 1961, these transfers are from the administration fund in the trust account; previously they were from the
general fund. Any remaining excess Is credited to the State accounts
(42 U.S.C. 1101 - 1103).
Established by the act approved March 24, 1961 (42 U.S.C. 1105(a)),
which provides for a temporary program of extended unemployment
compensation payments.
For payment of benefits and refunds (45 U.S.C. 360). Figures exclude
Interim advance of $15 million from the Treasury and subsequent
repayment, both in 1940.
Contributions under the Railroad Unemployment Insurance Act of 1938,
as amended (45 U.S.C. 360(a)), in excess of the amount specified for
administrative expenses (see footnote 8).
Temporary advances are made when the balance in the Railroad Unemployment
2/
10/
Insurance Account is insufficient to meet payments of benefits and
refunds due or to become due. Whenever the balance is sufficient to
pay such benefits and refunds, repayments are made, plus interest at
3% per annum, pursuant to an act approved May 19, 1959 (45 U.S.C.
360(d)).
Excess, if any, over specified balance at end of year is transferred
to the account (45 U.S.C. 361(d)).
Consists of a specified proportion of contributions deposited in the
fund to be available for administrative expenses. The Railroad Unemployment Insurance Administration Fund was established in the Unemployment Trust Fund pursuant to the amending act of September 6,
1958; before that the administration fund was a separate trust fund
(45 U.S.C.
11/
12/
13/
±a/
^
16/
17/
#
p
361).
Total includes $107.2 million transferred from State accounts to the
Railroad Unemployment Insurance Account in connection with its
establishment (45 U.S.C. 363).
Beginning fiscal 1961 refunds of taxes (principal only) are reported
as deduction from receipts.
Interest paid on refunds of taxes is
included under expenditures.
Includes repayments to general fund for advances to the Railroad Unemployment Insurance Account as follows: May $.3 million, June
t2.1 million, August $.5 million, and September $2.0 million.
Includes adjustments to monthly statement basis.
Includes unappropriated receipts beginning September 1960.
Excludes adjustment pursuant to the act of September 6, 1958
(45 U.S.C.
361(a)); see footnote 17.
Includes an adjustment of $7.2 million pursuant to the act of September
6, 1958 (45 U.S.C. 361(a)); see footnote 10.
Less than $50,000.
Preliminary.
n.a.
Not available.
November 1962
19
TRJST ACCOUMT AMD OTHER TRANSACTIONS.
Table 12.- Investments of Specified Trust Accounts In Public Debt Securities
by Issues, as of September 30, 1962
(in millions of dollars)
Federal Old-Age
and Survivors
Insurance Trust
Fund
Public issues:
Treasury notes:
4-7/8^
5
/;-7/8
4-5/8
Treasury bonds:
2-1/2*
2-1/2
3
-
Series
Series
Series
Series
C-1963
B-1964
-
1964-69 (dated 4/15/43)..
1964-69 (dated 9/15/43)..
1966
22.2
33.0
25.0
4.5
27.7
34.2
C-196<;
,
15.0
25.0
,
A- 1965
,
3-3/8
3-3/4
3-5/8
-
1966
-
1%6
-
1967
2-1/2
3-3/4
3-7/8
-
l%7-72 (dated 10/20/41),
4
-
,
,
1968
1968
,
-
7.0
17.4
20.0
4
-
3-7/8
-
1969 (dated 8/15/62)
1969 (dated 10/l/57)
1971
4
4
-
1971
1972
1974
4-1/4
3-1/4
3-1/2
-
1975-85
1978-83
1980
25.0
60.2
449.4
4
-
1980
1985
1987-92
123.6
3-7/8
3-1/4
4-1/4
-
-
3-1/2
-
3
-
3-1/2
2-3/4
-
57.5
,
,
25.7
10.0
1990
1995
1998
Investment Series B-1975-
Total public issues
556.2
85.2
552.0
1,064.9
3,411.9
Special issues:
Certificates:
3-iy8!<
-
3-1/4
4
-
Series 1%3
Series 1%3
Series 1963
-
Series
Series
Series
Series
Series
1964
1964 to 1%5
1964 to 1967
1964
1964 to 1967
-
Series
Series
Series
Series
1964-1968
1965-1975
1967-1977
1975-1976
-
580.9
Notes:
2-5/8*
2-5/8
3-3/4
3-3/4
3
168.0
Bonds:
2-1/2*
2-5/8
3-3/4
3-3/4
-
-
Total special issues
Net unamortized premixjn and discount
Accrued Interest purchased
Total investments
3,924.7
8,572.0
14,574
Federal Disability
Insurance
Trust Fund
Railroad
Ret Irement
Account
Unemployment
Trust Fund
Treasury Bulletin
20
CASH INCCME AND OUTCX)
The cash Income and outgo data appearing In the Treas-
ury Bulletin,
beginning with the February I956 Issue, are
on a basis consistent with receipts from and payments to
the public as derived In the 1957 and subsequent Budgets
of the United States (In the Budget for 1963 In Special
actions which are reported as both expenditures and receipts
Noncash Items representing the
are excluded from both.
obligation of the Oovernment to make payments In the future
also are eliminated from ejcpendltures but are added later
when actual payments are made.
These Items consist of
Analysis B).
Reconciliation to cash deposits and withdrawals In the account of the Treasurer of the United States
la shown on the same basis as In the Budget documents.
certain Interest accrued on the public debt, expenditures
Involving the Issuance of a few special public debt securiReceipts from the exercise
ties, and clearing accounts.
There Is also shown the amount of net cash borrowing from,
or repayment of borrowing to, the public. By these arrange-
of monetary authority are excluded as not representing cash
ments, data In accordance with the Budget classifications
public Includes net borrowing by the Treasury through public
are made available month by month.
debt transactions and also net borrowing by Government
Figures for back years
received from the public.
Federal cash borrowing from the
have been revised where necessary In order to make them as
agencies and Government-sponsored enterprises through sales
nearly comparable with current Budget classifications as
available data will permit. For this reason certain of the
figures differ somewhat from those published In earlier
of their own securities.
Budget documents as well as In the Bulletin.
public Is reflected In changes In the balance In the Treas-
The Bureau of the Budget series of cash transactions
designed to provide Information on the flow of money
between the public and the Federal Oovernment as a whole,
"^^"'^ account and In cash held outside the Treasury.
and therefore Includes transactions not cleared through
the Treasurer's account.
Receipts and payments Include
of the Budget series, but are limited In coverage to trans-
public.
Is
transactions both In budget accounts and In trust and deposit fund accounts. Operations of Oovernment-eponsored
enterprises are Included In payments on a net basis as refleeted In Treasury reports. Major Intragovemmental trans-
It excludes changes In the public
debt which do not represent direct cash borrowing from the
The net effect of all these transactions with the
Cash transactions through the Treasurer's account are
similar In general concept to those Included In the Bureau
actions which affect the balance In that account. On the
other hand, they Include receipts from the exercise of
monetary authority, which are excluded from receipts from
the public in the Bureau of the Budget series,
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
,
November 1962
21
CASH INCCME AND OUTGO
Table 2.- Derivation of Federal Government Receipts from the Public, and Reconciliation to
Cash Deposits In the Account of the Treasurer of the United States
(In millions of dollars)
Treasury Bulletin
22
CASH INCCME AND OUTGO
Table 3.- Derivation of Federal Government Payments to the Public, and Reconciliation to
Cash Withdrawals from the Account of the Treasurer of the United States
(In millions of dollars)
November 1962
23
CASH INCCME AND OUTGO
Table 4.- Intragovernmental Transactions Excluded from Both Receipts and Payments
.
Treasury Bulletin
2k
.
CASH INCCME AND OUTGO
,
Table 5.- Accrued Interest and Other Noncash Expenditures Excluded from Payments
(In millions of dollars)
Net accrued
interest on
savings bonds
and Treasury
bills 1/
Noncash expenditures involving issuance
of public debt securities j/
Clearing
account for
public debt
interest
^
Special notes to -
Adjusted
service
bonds
^
Armed Forces
leave bonds
International
V SADnetary Fund
Fiscal year:
1955
1956
1957
1958
1959
1960
1961
1962 p
156
'V97
456
388
254
801
341
222
641
1963 (Est.)
1961- Jan. - June
July - Dec.
Total
1962-January
February.
March
.
.
July
August
September.
.
April
May
June p
Total
October
-15
234
87
231
International
Development
Association
6/
Inter-American
Development
Bank
Clearing
account
for
checks
outstanding,
etc.
2/
.
Sovember 1962
25
CASH INCCWE AND OUTGO
Table 6.- Derivation of Federal Government Net Cash Debt Transactions with the Public,
and Reconciliation to Net Cash Debt Transactions through the Account of the
Treasurer of the United States
(Net borrowing, or repayment of borrowing (-);
in millions of dollars)
Change In public debt and agency obligations held by the public
Public debt
increase, or
decrease (-)
Plus:
Net sale of obligations
of Government enterprises in
the market
Public and
trust enterprise fxinds
Governmentsponsored
enterprises
Net Investment in Federal
securities by Government agencies
Less:
Public
Trust funds
Fiscal year:
3,115
-1,623
-2,224
5,816
8,363
1,625
2,640
9,230
1955
1956
1957
1958
1959
1960
1961
1962 p
602
173
1,085
567
71
1,023
-733
658
-1,246
7,198
-240
394
269
872
86
-167
1,222
723
195
1,121
1,236
2,516 2/
2,262
105
-1,215
551
289
241
1963 (Est.)
1961-Jan. - June
July - Dec.
Total
180
506
677
-1,260
5,952
1962- January. .
February.
.
345
.
470
-1,141
404
165
102
March
June p
-454
2,127
382
254
-1,013
1,449
-520
543
2,032
Total
July
August
September.
October.
-37
185
293
864
2,222
-973
April
May
.
.
-325
3,966
-2,344
2,569
-119
46
1/
26
Treasury Bulletin
November 1962
27
CASH INCCME AND OUTGO
Table 7.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)
.
.
,
Treasury Bulletin
2S
,
ACCOUNT OF THE TREASURER OF THE UNITED STATES
.
Source and Availability of the Balance In the Treasurer's Account
The account of the Treasurer of the United States
reflects not only budget receipts and expenditures but
also trust, deposit fund, and public debt transactions.
account to the tax and loan account In the same bank. On
occasions, to the extent authorized by the Treasury,
banks are permitted to deposit In these accounts proceeds
from subscriptions to public debt securities entered for
The working cash of the Treasury Is held mainly In
Treasurer's accounts with Federal Reserve Banks and
their own account as well as for the account of their
customers.
As the balances In these accounts become de-
branches.
they are restored by calling In (transferring)
The tax and loam account system permits the Treasury
funds from the tax and loan accounts with thousands of
to leave funds In banks and In the communities In which
pleted,
commercial banks throughout the country.
they arise until such time as the Treasury needs the funds
In this way the Treasury Is able
for Its operations.
Deposits to tax and loan accounts occur in the
normal course of business under a uniform procedure
to neutralize the effect of Its fluctuating operations
on bank reserves and the economy.
applicable to all banks whereby customers of banks deposit
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
with them tax payments and funds for the purchase of
Government securities.
In most cases the transaction
Involves merely the transfer of money from a customer's
Table
1.-
of the Treasury for 1955,
pages 275-234.
Status of the Account of the Treasurer of the United States
(In millions of dollars)
Treasury operating balance
End of
fiscal
Available
fllnds in
Federal
Reserve
Banks
380
1955
1956
,
1957
1958
522
498
410
1959
1960
1961
1962
,
535
504
408
612
Tax and loar
accoxints in
special
depositaries
GkDld in
Treasury
fund
Silver,
coin, and
currency
Unclassified
collections,
In Federal
Reserve
Banks in
process of
collection
5,239
5,656
5,069
9,030
187
190
259
287
101
106
109
121
4,380
306
253
179
147
273
337
222
303
429
7,068
5,969
9,548
302
April. ...
569
526
612
4,150
6,623
4,836
7,271
9,548
390
478
400
5,089
7,210
7,919
120
125
116
5,600
7,813
8,435
165
165
167
October.
441
5,451
8,092
6,769
10,509
Balance in
account of
Treasurer
of U. S.
W6
2/
6,216 2/
6,546
5,590
9,749
100 2/
87
5,350 i/
8,005
6,694
10,430
166
447
240
75
6,494
456
428
443
5,059
5,705
7,029
•4,981
504
435
441
171
170
8,815
117
121
121
. .
375
335
6,362
6,712
6,037
1/
6,566
3,552
4,172
5,568
September.
500
438
440
6,089
8,216
10,509
5,995
8,141
10,430
373
367
363
6,446
8,599
9,350
6,380
8,530
9,268
5,740
362
449
403
July
August .
Total
assets
365
3,744
6,458
5,453
8,815
343
421
159
1962-January..
February,
March. ...
June
depositaries
493
501
489
401
117
104
117
May
Liabilities
In other
4,365
4,633
4,082
8,218
5,157
1961-Deceiiiber.
Total
operating
balance
4,031
4,725
6,088
209
210
186
259
291
239
U7
251
178
310
6,589
.
Daily Treasury statement,
Source:
1/ Includes reserves and other deposits of the Board of Trustees, Postal
Savings System, and uncollected Items, exchanges, etc. Post Office
Department and postmasters' disbursing accounts also are included
(See footnote 2 ). Treasxirer's checks outthrough November 1954,
standing are included through June 1958, after which they are included
(See footnote 3),
in the balance in the Treasurer's account,
g/ Beginning December 1954, Post Office Department and postmasters'
disbursing accounts are not treated as liability accounts of the
Treasurer of the United States, -but are classified and treated
5,626
6,919
2/
as other disbursing accounts, in accordance with the change in method
of reporting Post Office transactions (see "Budget Receipts and Expenditures," Table 3). An adjustment of -$207 million in the balance
in the Treasurer's account (and in the "clearing account") reflects
this change,
Through June 1958, the balance of the Treasurer was reduced when
Treasurer's checks were issued and the amount of the checks was carried
as a liability until paid. Effective July 1958, the balance is not
reduced until the checks are paid, a procediire also applying to checks
drawn on the Treasurer by Government disbursing officers and agencies.
.
.
,
November 1962
29
ACCOUNT OF THE TREASURER OF THE UNITED STATES
,
Table 2.- Analysis of Changes In Tax and Loan Account Balances
illions of dollars)
Proceeds from sales of securities 1/
Fiscal year
or month
Savings
bonds
anticipation
securities
During period
else 2/
8,167
Withdrawals
Income (by
special
arrangement ) 2/
Total
credits
42,545
38,871
46,000
50,908
62,994
4,365
4,633
4,082
8,218
3,744
7,299
5,486
6,078
8,869
8,055
1,910
1,103
813
1,078
912
2,987
3,246
3,638
4,103
4,151
4,457
End of
period
,
,
,
1960
1961
1962
3,810
2,976
2,824
2,668
5,977
6,035
5,043
2,922
7,581
6,568
13,513
13,164
20,538
23,897
26,709
27,881
29,190
2,967
4,611
4,152
7,903
5,919
42,074
39,140
45,448
55,044
58,520
2,679
2,787
2,725
1955
1956
1957
1958
1959
7,784
7,613
5,898
7,920
1,788
3,774
33,059
34,511
37,519
6,053
9,142
6,521
57,496
55,842
56,438
54,782
56,847
53,076
6,458
5,453
8,815
6,458
7,653
1,390
1,161
1,531
4,369
3,979
4,523
3,552
4,172
5,568
5,197
4,200
6,184
2,201
2,484
1,880
3,213
3,500
4,116
1,531
4,616
4,377
6,064
6,178
786
3,991
3,373
3,869
1961-December.
1962-Januory.
February.
March, ...
301
229
220
4,370
3,872
2,764
4,599
5,920
April....
210
207
210
1,377
4,619
4,058
2,734
4,826
6,076
4,152
2,353
3,885
4,150
6,623
8,815
5,032
7,129
227
211
180
1,514
4,557
3,986
1,803
6,758
5,479
5,528
1,312
4,637
4,770
5,089
7,210
7,919
8,743
7,631
7,919
1,354
34
May
June
July
August
September
.
.
October.
1,453
2,963
Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U. S. Government obligations
purchased by them for their own account, or for the account of their
customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars inviting subscriptions to the issues,
Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows: Withheld income tax beginning
Source:
1/
2/
j/
5,089
4,007
4,452
3,U9
6,335
5,883
6,201
March 1948; taxes on employers and employees under the Federal
Insurance Contributions Act beginning January 1950, and under
the Railxoad Retirement Tax Act beginning July 1951; and a
number of excise taxes beginning July 1953.
Under a special procedure begun in March 1951, authorization
may be given for income tax payments, or a portion of them,
made by checks of $10,000 or more drawn on a special depositary
bank, to be credited to the tax and loan account in that bank.
This procedure is followed during some of the quarterly periods
of heavy tax payments.
.
,
.
30
Treasury Bulletin
.DEBT OUTSTANDING.
Table 1.- Summary of Federal Securities
(In millions of dollars)
Interest-bearing debt
Total outstanding
Matured debt and debt bearing no Interest
Public debt
End of
fiscal
Total 1/
Public
debt 2/
Guaranteed
securities
Public
debt
Guaranteed
securities
Monetary-
Fund
27^,418
272,825
270,634
271,785
269,956
268,592
274,798
281,944
283,380
235,911
294,S86
271,741
269,883
268,486
274,698
281,833
283,241
285,672
294,442
1960
1961
1962
284,817
286,471
289,211
298,645
274,374
272,751
270,527
276,343
284,706
286,331
288,971
298,201
1961-DeceiDber.
296,499
296,169
293,019
292,689
1962-January.
February.
March. . .
296,860
297,354
296,489
296,513
296,983
296,088
347
371
402
293,455
293,919
292,885
293,111
293,549
292,485
400
3,405
3,436
3,605
297,357
299,604
298,645
296,952
299,174
298,201
405
430
444
293,765
295,948
294,886
293,361
295,519
294,442
404
429
444
3,592
3,656
3,759
3,591
3,655
3,759
September
298,324
302,312
299,986
297,876
301,842
299,498
448
470
487
294,363
298,372
296,057
293,918
297,904
295,571
445
468
486
3,960
3,939
3,929
3,958
3,938
3,927
October.
302,553
302,067
486
298,630
298, U5
485
3,923
3,922
1955
1956
1957
1958
1959
276,4W
April
May
June
July
Axigust ...
44
74
107
101
111
140
240
444
73
240
444
344
369
Daily Treasury statement.
Source:
1/ Includes certain obligations not subject to statutory limitation. For
amounts subject to limitation, see page 1.
2/ Includes debt incurred for advances to certain wholly ovmed Govemment
agencies in exchange for which their obligations were issued to the
Treasury (see Table 6).
Held outside the Treasury,
Consists of Federal Housing Administration debentures, and also
2/
y
2,634
2,869
2,042
1,646
2,873
3,090
3,300
3,759
2,633
2,868
2,042
1,646
2,873
3,090
3,299
3,759
3,480
43
106
101
110
139
3,403
3,434
3,603
385
396
356
589
666
529
597
476
445
349
438
Gixaranteed
Inter-
Inter-
national
Development
Association
American
Development Bank
1,567
1,742
1,068
618
1,979
2,238
2,496
2,667
3,480
Other
6/
securities 2/
(matxired)
477
460
58
115
444
430
417
407
396
484
2,390
2,411
2,620
115
115
115
487
487
487
343
351
438
2,620
2,648
2,667
115
115
115
487
486
484
343
342
332
2,962
3,002
3,002
115
115
115
483
423
423
2,388
3,002
85
422
Armory Board stadium bonds beginning July 1959.
Special notes of the United States issued to the International Monetary
Fund, the International Development Association, and the Inter-American
Development Bank in payment of part of the U. S, subscription to each
(see "Budget Receipts and Expenditures," Table 3, footnote 13).
For current month detail, see "Statutory Debt Limitation," Table 2.
Less than $500,000.
y
6/
D.
^
Special notes to International
C.
Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
Total interest-bearing seciirities
Amo\int
End of
fiscal year
or month
1955
1956
outstanding
Public debt
and guaranteed securities 1/
Publi
debt
1961
1962
271,785
269,956
268,592
274,798
281,944
283,380
285,911
294,886
271,741
269,883
268,486
274,698
281,833
283,241
285,672
294,442
1961-December.
293,019
293,455
293,919
292,885
293,111
293,549
292,485
293,765
295,948
294,886
Public debt
and guaranteed securi-
ties!/^
292,689
1962-January,
February.
Computed annual
interest charge
1957
1958
1959
1960
March
April
July
August . . .
September
294,363
298,372
296,057
293,361
295,519
294,442
293,918
297,904
295,571
October.
298,630
298,145
May
Jxjne
6,388
6,952
7,328
7,248
8,069
9,320
8,769
9,534
Publi
debt
6,387
6,950
Computed annual interest rate
Public debt
Total
interestTotal
bearing
public
securidebt
ties
Marketable issues
Total
2/
7,325
7,245
8,066
9,316
8,761
9,519
2.351
2.576
2.730
2.638
2.867
3.297
3.072
3.240
2.351
2.576
2.730
2.638
2.867
3.297
3.072
3.239
2.079
2.427
2.707
2.546
2.891
3.4^9
3.063
9,156
3.135
9,238
9,326
9,382
9,226
9,314
9,368
9,427
9,558
9,534
Bills
i/
Treasury
bonds
Certificates
3.285
1.539
2.654
3.197
1.033
3.316
3.815
2.584
2.926
1.173
2.625
3.345
3.330
2.842
4.721
3.073
3.377
1.846
2.075
2.504
2.806
3.304
4.058
3.704
3.680
3.135
3.146
2.701
3.000
3.614
3.155
3.180
3.210
3.155
3.180
3.209
3.173
3.206
3.2A8
2.915
3.000
3.277
3.277
3.612
3.696
3.692
9,413
9,543
9,519
3.216
3.236
3.240
3.215
3.236
3.239
3.253
3.280
3.285
2.927
2.927
2.926
3.27?
3.377
3.377
9,538
9,715
9,704
9,523
9,699
9,687
3.247
3.263
3.285
3.247
3.262
3.284
3.295
3.315
3.346
2.978
3.005
3.019
3.377
3.418
3.426
9,765
9,747
3.277
3.277
3.335
2.976
3.426
Source:
On the basis of the daily Treasury statement.
Note:
The computed annual Interest charge represents the amount of Interest
that would be paid if each interest-bearing Issue outstanding at the end
of each month or year should remain outstanding for a year at the applicable annual rate of interest. The charge Is computed for each issue
by applying the appropriate annual Interest rate to the amount outstanding on that date (the amount actually borrowed in the case of securities
sold at a premium or discount, beginning with May 1960). The aggregate
charge for all interest-bearing issues constitutes the total computed
annual interest charge. The average annual interest rate is computed
by dividing the computed annual interest charge for the total, or for
2.480
2.485
2.482
2.576
2.619
2.639
2.829
Nonmarketable
Special
issues
V
Guaranteed
securi1/
2.590
2.606
2.611
2.622
2.628
2.681
2.789
2.824
2.853
2.892
2.925
3.219
3.330
3.364
2.585
2.705
2.635
2.630
2.694
2.772
2.803
2. 891
3.350
2.823
3.332
2.981
2.981
3.054
3.354
3.361
3.365
2.821
2.835
2.841
3.356
3.386
3.421
3.692
3.681
3.680
3.065
3.117
3.122
3.367
3.370
3.364
2.846
2.879
2.891
3.461
3.488
3.500
3.679
3.730
3.785
3.122
3.148
3.179
3.369
3.373
3.377
3.179
3.383
3.122
3.U4
3.500
3.509
3.516
3.527
2.884
3.554
any group of Issues, by the corresponding principal amount. Beginning with data for December 31, 1958, the computation is based
on the rate of effective yield for Issues sold at premium or discount.
Prior to that date it was based on the coupon rate for all
issues.
l/
2/
2/
^
Guaranteed securities included are those held outside the Treasxjry.
Total includes "Other bonds" through May 1961; see Table 3.
Included in debt outstanding at face amount, but discount value is
used in computing annxial interest charge and annual interest rate.
On United States savings bonds the rate to matxirity is applied
against the amount outstanding.
,
.
.
.
November 1962
31
-DEBT OUTSTANDING.
Table 3.- Interest -Bearing Public Debt
(In millions of dollars)
Public issues
Total
interestbearing
public
debt
Nonmarketable
Total
public
Certificates
Other
bonds
Trea sury
bonds
U. S.
savings
bonds
1/
Trea sury
bonds
investment
series
Depositary
bonds
Other
2/
271,741
269,883
268,486
274,698
281,833
228,491
224,769
221,658
228,452
237,078
155,206
154,953
155,705
166,675
178,027
19,514
20,808
23,420
22,406
32,017
13,836
16,303
20,473
32,920
33,843
40,729
35,952
30,973
20,416
27,314
81,057
81,840
80,789
90,883
84,803
58,365
57,497
54,622
51,984
50,503
12,589
12,009
11,135
9,621
8,365
417
310
196
171
183
43,250
69,817
65,953
61,777
59,050
283,241
285,672
294,442
238,342
240,629
249,503
183,845
187,148
196,072
33,415
36,723
42,036
17,650
13,338
13,547
51,483
56,257
65,464
81,247
80,830
75,025
54,497
53,481
53,431
47,544
47,607
6,783
5,830
4,727
170
117
138
44,899
45,043
44,939
1961-Dec.,
292,689
249,169
195,965
71,526
75,486
1962-Jan.
293,111
293,549
292,485
250,806
250,798
249,676
197,628
197,609
196,524
43,947
44,246
43,043
5,509
12,375
12,370
71,574
64,400
64,538
76,598
76,588
76,573
53,178
53,189
53,152
47,500
47,549
47,569
5,008
4,972
4,840
148
146
M4
522
522
599
42,304
42,751
42,309
June,
293,361
295,519
294,442
251,240
251,227
249,503
198,138
198,193
196,072
43,441
43,747
42,036
12,371
13,547
13,547
64,511
65,435
65,464
77,815
75,465
75,025
53,101
53,034
53,431
47,581
47,585
47,607
4,778
4,757
4,727
143
143
138
600
549
960
42,122
44,291
44,939
July,
Aug.,
Sept,
293,913
297,904
295,571
250,122
252,478
251,013
196,870
199,295
197,951
42,838
43,637
42,236
13,547
20,399
17,849
65,477
58,062
58,104
75,008
77,197
79,762
53,252
53,183
53,062
47,653
47,697
47;717
4,713
4,646
4,574
116
116
769
724
674
43,796
45,427
44,559
Oct..
298, M5
254,256
201,311
46,139
17,854
57,583
79,734
52,945
47,680
4,490
1955
1956
1957
1958
1959
,
,
1960
1961
,
1962
,
Feb.,
Mar.,
Apr.,
May.,
73,285
Daily Treasury statement.
Source:
l/ Consists of Panama Canal bonds through May 1961, and also postal
savings bonds \mtil the last of these bonds matured on July 1, 1955.
2/ Consists of Treasury savings notes (1955); Treasury bonds, R, E. A,
series beginning July 1960; certificates of indebtedness - foreign
47, 5U
45, IW
46,827
46,246
44,756
43,890
series beginning August 1961; and the dollar equivalent of:
Certificates of indebtedness, foreign currency series Issued
and payable in Swiss francs beginning October 1961 and in
Italian lire beginning January 1962, and Treasury bonds issued
and payable in Italian lire and Swiss francs beginning
October 1962.
Table 4.- Average Length and Maturity Distribution of Marketable Interest-Bearing Public Debt^
(In millions of dollars)
Maturity classes
End of
fiscal year
Amount
outstanding
Within
1 year
year
20 years
and over
years
Average length
1955
1956
1957
1958
1959
155,206
154,953
155,705
166,675
178,027
49,703
58,714
71,952
67,782
72,958
39,107
34,401
40,669
42,557
53,304
34,253
28,908
12,328
21,476
17,052
23,613
28,573
26,407
27,652
21,625
3,530
4,351
4,349
7,208
3,033
5 yrs.
5 yrs.
4 yrs.
5 yrs.
4 yrs.
10 mos
4 mos
9 mos
3 mos
1960
1961
1962
183,345
187,148
196,072
70,467
81,120
88,442
72,344
58,400
57,041
20,246
26,435
26,049
12,630
10,233
9,319
7,658
10,960
15,221
4 yrs.
4 yrs.
4 yrs.
4 mos
6 mos
11 mos
64,874
19,782
197,628
197,609
196,524
86,416
88,417
87,209
64,921
62,910
59,679
20,918
20,916
23,720
11,959
11,954
10,677
13,4U
4 yrs.
4 yrs.
4 yrs.
11 mos
198,138
198,193
196,072
88,055
59,206
55,549
57,041
24,976
26,178
26,049
10,670
10,664
9,319
15,232
15,225
15,221
4 yrs.
90,577
88,442
July
August .
September,
196,870
199,295
197,951
39,244
93,728
84,467
57,055
52,306
58,158
26,045
27,385
32,411
9,313
9,309
7,353
15,213
15,567
15,562
4 yrs.
4 yrs.
5 yrs.
October,
201,311
88,284
57,728
7,348
15,548
4 yrs.
1961-December.
1962- January.
..
Febmary.
March.
. ,
,
April
May
June
.
.
.
Office of Debt Analysis in the Office of the Secretary.
Source:
1/ All issues classified to final maturity except partially tax-exempt
13,411
15,239
4 yrs.
4 yrs.
bonds, which have been classified to earliest call date.
7 mos
6 mos
7 mos
10 mos
11 mos
11 mos
10 mos
10 mos
.
.
,
32
Treasury Bulletin
.DEBT OUTSTANDING.
Table 5.- Special Public Debt Issues to United States Government Investment Accounts
(In millions of dollars)
Federal
Deposit
Insurance
Corporation
End of fiscal
year or month
Federal
Disability
Insurance
Trust
Fund
Federal
home
loan
banks
1955
1956
1957
1958
43,250
45,114
46,827
46,246
835
673
718
673
996
165
1959
1960
1961
1962
44,756
44,899
45,043
44,939
629
694
556
500
1,533
2,017
2,299
2,304
165
,
1961-December.
43,520
1962-January.
February.
March. . . .
42,304
42,751
42,809
June
325
Insurance
Trust Fund
Federal
Savings
and Loan
Insurance
Corporation
18,239
19,467
19,463
18,610
94
103
103
112
6,168
6,667
7,394
7,738
1,233
1,217
1,200
1,144
404
822
5,346
5,481
5,570
5,665
3,486
3,600
3,475
3,531
7,479
7,737
7,996
6,671
17,227
16,413
16,200
15,074
116
104
138
182
8,608
9,397
10,414
11,382
1,127
1,107
1,071
1,028
234
436
5,742
5,803
5,759
5,804
3,417
3,586
3,504
3,316
5,636
5,580
4,625
5,679
3,135
4,707
4,430
4,394
4,215
156
155
155
Federal
Old-Age
and
Siirvivors
2,237
15,076
538
596
564
2,170
2,208
2,222
14,227
14,584
14,639
42,122
44,291
44,939
495
496
500
2,192
2,267
2,304
14,313
15,415
15,074
July
August...,
September
43,796
45,427
44,559
435
658
445
2,237
2,272
2,268
October.
43,890
Ciovemment
Life
retirement
Insurance
funds
Fund
.
April.
.
.
.
May
,
.
142
106
14,222
U,943
14,575
Trust
Fund
1,025
120
120
National
Service
Life
Insurance
Fund
Postal
Savings
System
1/
road
Retirement
Account
Unemployment
Trust
Fund
4,657
Other
2/
112
123
120
126
138
192
156
113
223
129
Source:
Daily Treasury statement.
1/ Includes Canal Zone Postal Savings System through July 1959.
2/ Consists of: Farm Tenant Mortgage Insurance Fund (through March 1956),
1,021
1,017
1,012
118
217
5,657
3,045
2,996
2,976
10,988
11,050
11,382
92
10,764
10,818
10,879
1,006
1,001
1,028
328
417
436
5,648
5,640
5,804
2,900
2,893
3,316
3,952
4,775
4,657
152
153
156
11,437
11,480
11,521
1,022
1,018
1,015
421
421
410
5,793
5,786
5,777
3,244
3,203
3,l;8
4,578
5,175
5,066
133
134
135
11,596
5,772
4,940
Adjusted Service Certificate Fund (through December 1956), various
housing insurance funds, and Veterans* Special Term Insurance Fund.
Less than $500,000.
.
1
.
November 1962
-^3
DEBT OUTSTANDING
Table 6,- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
griculture Department
End of
fiscal
year or
Commodity
Credit
Corporation
month
16,175
1955
1956
1957
1958
1959
1960
1961
1962
,
,
20,049
22,731
21,859
25,343
25,636
26,011
28,634
7,608
11,190
13,383
11,528
12,874
12,704
11,534
12,990
Rural
Electrification
Administration
2,207
2,343
2,519
2,728
2,923
3,155
3,332
3,484
Secretary:
Farmers'
Home
Administration
programs
1/
ExportImport
Bank of
Washington
162
151
265
256
323
369
456
854
1,310
1,239
1,205
1,528
1,937
1,636
1,698
1,830
1961-December..
1962- January.
February.
2/
Housing and Home
Finance Agency
Federa
Adminis- National
trator
Mortgage
Associ2/
ation
^
Public
Housing
Administration
Agency
for
International
Development
^
130
165
282
476
730
977
1,213
1,567
1,966
1,954
1,741
1,502
2,351
2,338
3,202
3,167
1,209
1,213
1,198
1,188
1,164
1,138
1,107
1,062
Saint
Lawrence
Seaway
Development
Corporation
Tenn.
Valley
Authority
Veterans'
Administration:
Direct
loan
program
Under
Defense
Production
Act
of 1950
6/
1,002
112
118
121
121
491
584
733
780
930
1,180
1,330
1,530
1,U4
1,294
1,723
1,950
1,970
1,964
1,976
2,000
27,789
28,013
28,303
12,095
12,163
12,389
3,498
3,498
3,498
719
773
840
2,016
2,061
2,067
1,388
1,430
1,470
3,309
3,328
3,275
1,092
1,092
1,092
121
121
121
1,530
1,530
1,530
1,965
1,962
1,961
June
28,593
28,389
28,634
12,553
12,618
12,990
3,548
3,548
3,484
865
854
2,122
1,836
1,830
1,491
1,506
1,567
3,235
3,233
3,167
1,092
1,091
1,062
121
121
121
1,530
1,530
1,530
1,979
1,977
1,976
July
August , , .
September
27,836
27,516
27,912
12,145
11,778
12,123
3,574
3,574
3,574
885
888
913
1,783
1,620
1,676
1,689
3,266
3,198
3,173
830
830
830
121
121
121
1,580
1,580
1,580
1,978
1,982
1,989
October.
28,550
12,598
3,654
961
.
March
April
May
1,7%
1,804
1,730
Source;
Daily Treasury statement.
Note:
These securities were issued to the Treasury in exchange for advances by the Treasury from public debt receipts under congressional
authorization for specified government corporations and other agencies
to borrow from the Treasury.
Further detail may be found in the 1961
Annual Report of the Secretary of the Treasury, page 736, and the 1961
Combined Statement of Receipts, Expenditures and Balances of the United
States Government, page 494.
l/ Farm housing and other loan programs, and Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund).
2/ Includes securities transferred from the Reconstruction Finance Corporation, but excludes securities issued under the Defense Production
Act.
j/ Consists of notes issued to borrow for: the urban renewal program
(formerly slum clearance program); college housing loans; and public
facility loans beginning fiscal 1956.
Consists of liabilities taken over by the Association from the
Administrator in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.C.
1719 (c), 1720 (d), and 1721 (d)) and also securities transferred
^
Other
2/
1,640
^
6/
7/
from the Reconstruction Finance Corporation.
And predecessor agencies.
Beginning fiscal 1957, figures exclude notes
previously issued by the Administrator in connection with informational
media guaranties. The obligation of these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S.C. 1442), and the notes together with
others issued for the same purpose are included in "Other."
Consists of notes of: the Administrator, General Services Administration, for defense materials procurement; the Secretary of Agricult\u*e;
the Secretary of the Interior (Defense Minerals Exploration Administration); the Export-Import Bank of Washington through March 1962;
and the Secretary of the Treasury.
Consists of notes issued by the: Secretary of the Treasury; Small
Business Administration, fiscal years 1955-57; United States
Information Agency for informational media guaranties beginning fiscal
1957 (see footnote 5); Secretary of ConHDerce (Maritime Administration)
for the Federal Ship Mortgage Insurance Fund fiscal years 1959-61;
Virgin Islands Corporation beginning fiscal 1960; and District of
Columbia Commissioners for the Stadium Sinking Fund beginning Jxme 1962.
Treasury Bulletin
3^^
.DEBT OUTSTANDING.
Table 7.- Interest-Bearing Securities Issued by Federal Agencies But Not
Guaranteed by the United States Government
November 1962
35
STATUTORY DEBT LIMITATION,
The Second Liberty Bond Act
3I U.S.C. 757b), as
amended by an act approved June 30, 1959, provides that
1956); 15 billion from February 26,
that act, and the face amount of obligations guaranteed as
1952, through June 30,
1959 (act of February 26, I95S); SlO billion from July 1,
1959, through June 30, i960 (act of June 30, 1959); $S
billion from July 1, 1960, through June 30, I961 (act of
(
the face amount of obligations Issued under authority of
to principal and Interest by the United States (except
June 30, i960); $13 billion from July
guaranteed obligations held by the Secretary of the Treasury) shall not exceed In the aggregate $2S5 billion out-
tional $2 billion from March 13, 1962, through June 30, 1962
(acts of June 30, 1961, and March I3, 1962); and $23 billion
standing at any one time.
from July
The corresponding limitation In
effect under the act of June 26, 1^^, was S275 billion and
that under the act of September 2, 195S, was $2S3 billion.
In addition, temporary Increases have been authorized as
follows: $6 billion from August 2g, 195^, through June 30,
1956(acts of August 28,
from July
1,
195l(-,
and June 30, 1955); l3 billion
I956, through June 30,
I957 (act of July
9,
1, 1962, through
April 1 through June 24,
through June 30, 1963 (act
tions Issued on a discount
1,
I961, and an addi-
March 3I, 1963, $20 billion from
I963, $15 billion from June 25
approved July 1, 1962). Obligabasis and subject to redemption
prior to maturity at the option of the owner are Included
in the statutory debt limitation at current redemption
values.
Table 1,- Status under Limitation October 31, 1962
(In millions of dollars)
Maximum amount of securities uhioh may be outstanding at any one time under limitation imposed by the
of June 30, 1959 (31 U.S.C. 757b), as increased temporarily by the act of July 1, 1962
Amount of securities outstanding subject to such statutory debt limitation:
U. S. Government seciirities Issued under the Second Liberty Bond Act, as amended
Guaranteed securities held outside the Treasury
308,000
301,695
486
Total amount of securities outstanding subject to statutory debt limitation.
Balance issuable under limitation
Daily Treasury statement.
Table 2,- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding October 31, 1962
(In millions of dollars)
Class of security
302,181
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding October 31, 1962
Other Than Regular Weekly Treasury Bills
November 1962
.
.
Treasurii BuUetiil
3«
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Amounts of millions of dollars)
Description of new issue
Maturity
date
Nmober of
days to
maturity 1/
Amount
maturing on
issue date
Amount of bids accepted
Amoxint of
bids
tendered
Total
amount
On competitive basis
On noncompetitive basis 2/
Total of
unmatured
Issues outstanding after
new issues
Regular weekly bills:
5
1962-Oct.
196 3- Jan.
2,211.8
1,202.4
1,300.5
700.2
1,107.1
659.6
193.4
40.6
172.8
55.1
1,200.6
600.5
16,313.0
16,111.8
12
2,365.0
1,126.4
1,301.4
700.1
1,037.5
648.4
263.8
51.7
13.4
2.0
1,200.3
599.9
16,4W.l
July
1962-Oct
1963- Jan.
July
19
1962-Oct
196 3- Jan.
1,302.5
700.1
1,002.1
633.9
85.8
25.1
1,201.0
600.5
16,515.5
16,311.6
26
1962-Oct
1963- Jan.
1,298.1
702.8
1,060.0
645.9
89.0
32.6
1,200.3
600.0
16,4U.4
115.3
61.4
1,201.6
600.3
16,712.0
16,514.3
1962-July
July
,
2,127.1
1,361.6
16,211.9
16,612.9
2,161.1
1,575.6
1,300.7
700.2
1,075.9
645.9
224.8
54.3
1962- Nov.
1963- •Feb.
1,971.9
1,202.6
1,300.9
700.4
1,083.8
650.3
217.1
50.1
128.1
62.3
1,204.2
600.1
16,808.7
16,6L4.6
16
1962- Nov.
1963- •Feb.
2,078.3
1,765.9
1,300.7
703.3
1,055.2
642.3
245.5
61.6
42.2
22.3
1,200.4
600.4
16,908.9
16,718.0
23
1962- •Nov.
1963- •Feb.
2,003.1
1,651.1
1,300.8
699.7
1,072.5
639.5
228.4
60.2
97.9
53.6
1,300.4
600.9
16,909.3
16,816.8
30
2,247.7
1,259.5
1,300.8
700.2
1,092.4
649.3
208.5
50.4
32.4
42.3
1,301.2
Aug.
19621963-
16,909.0
16,916.7
Sept.
6
.
1962-:
1963-i
2,054.2
1,332.2
1,301.4
700.3
1,095.9
652.2
205.5
48.1
78.1
43.1
1,301.0
600.9
16,909.4
17,016.2
,
1962-Dec.
1963--Mar.
2,377.2
1,290.5
1,300.9
700.6
1,029.0
630.3
271.9
70.3
15.2
3.6
1,300.4
600.3
16,909.9
17,116.5
2,264.8
1,375.2
1,301.2
700.4
1,016.3
622.0
284.4
78.5
204.0
.
1962--Dec.
1963--Mar.
53.5
1,300.7
600.1
16,910.3
17,216.8
2,150.4
1,777.2
1,300.4
700.1
1,060.1
639.5
240.3
60.6
65.7
43.3
1,300.5
600.2
16,910.3
17,316.7
210.9
57.7
156.9
53.4
1,300.5
600.6
16,910.2
17,417.2
279.3
69.4
94.2
14.3
1,301.4
600.2
16,910.2
17,517.6
1,302.5
600.3
16,903.1
17,617.3
1,293.1
600.4
16,910.5
17,717.2
Aug.
2
1962-Nov.
1963-Jan.
Aug.
9
Aug.
Aug.
Sept.
Sept.
13p
20p
91
27p
1962--Dec.
1963--Mar.
<ip
Jan.
Apr.
2,010.7
1,505.3
1,300.5
701.1
Oct.
lip
Jan.
Apr.
2,135.7
1,630.6
1,301.4
700.6
1,022.1
631.2
Oct.
18p
Jan.
Apr.
2,224.5
1,436.4
1,300.3
700.0
1,007.5
623.4
292.9
76.7
25p
Jan.
Apr.
2,133.0
1,394.1
1,300.5
700.3
1,044.7
633.3
255.8
67.0
1,656.2
2,440.4
145.8
564.8
Sept.
Oct.
Oct.
Tax anticipation bill;
1962-Mar.
23
Oct.
182
1962-Sept.
1963-Mar.
182
170
3,593.8
5,945.8
1,802.0
3,005.2
1962-July
3p
Oct.
365
364
4,174.1
3,756.8
2,003.5
2,003.5
1963-Jan.
Apr.
July
Oct.
365
365
365
365
3,650.9
3,453-7
3,722.3
4,535.0
2,001.3
2,000.8
2,003.6
2,500.1
121.9
3.5
4,312.3
3,005.2
Other bills:
1961- July
Oct.
1962- Jan.
Apr.
July
Oct.
15
16
15
15
15
15p
,
211.0
139.5
1,810.8
1,841.3
1,778.9
2,315.1
190.4
159.5
224.7
185.1
9.6
10.6
1,500.5
1,502.2
7,007.8
7,509.1
16.3
190.0
1,501.7
2,000.5
2,003.5
2,003.5
8,003.7
8,009.0
8,009.1
8,505.7
Source:
Bureau of the Public Debt. Preliminary figures are from subscrip2/ For 13-week issues, tenders for $200,000 or less, and for 26-week
issues, beginning June 11, 1959, tenders for $100,000 or less from
tion and allotment reports; final figures are on "clearance" basis in
any one bidder are accepted in full at average price of accepted
daily Treasury statement.
competitive bids; for other issues, the corresponding amount is
1/ The 13-week bills represent additional issues of bills with an original
maturity of 26 weeks.
stipulated in each offering announcement.
(Continued on following page)
.
.
.
November 1962
39
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
On total bids accepted
Average pric
per hundred
Equivalent average
rate 2/
Regular weekly bills:
-
(Continued)
On competitive bids accepted
High
Price per hundred
(Percent)
Equivalent rate 2/
Price per hundred
(Percent)
Equivalent rate 1/
(Percent)
198.479
2.930
3.008
99.269 i/
98.494-
2.892
2.979
99.257
98.464
2.939
3.038
12
(99.248
198.435
2.974
3.096
99.258
98.454
2.935
3.058
99.245
98.425
2.987
July
19.
(99.246
[98.416
2.983
3.133
99.260
98.431
^
2.927
3.104
99.244
98.407
2.991
3.151
July
26.
f99.269
198.431
99.273
98.440
6/
2.876
3.086
99.265
98.426
2.
/99.274
198.446
2.874
3.075
99.279
98.458
2.852
3.050
99.271
98.444
2.884
3.078
Aug.
199.292
198.489
2.801
2.990
99.304
98.496
2/
2.753
2.975
99.282
98.474
2.840
3.018
Aug.
J99.275
198.453
2.867
3.060
99.283
98.471
8/
9/
2.836
3.024
99.271
98.452
2.884
3.062
1^9. 27^^
198.491
2.837
2.984
2.825
2.971
99.271
98.488
2.853
2.991
(99.291
[98.526
2.805
2.916
99.296
98.534
2.785
2.900
99.288
98.523
2.817
2.922
1962- July
July
5.
Aug.
Aug.
23.
f99.259
3.115
Aug.
30..
Sept
6.
[99.284
\98.495
2.834
2.977
99.291
98.505 11/
2.805
2.957
99.279
98.491
2.852
2.985
13p.
(99.295
[98.528
2.789
2.911
99.298
98.538
2.777
2.892
99.292
98.521
2.801
2.925
Sept.
20p.
(99.293
[98.503
2.796
2.962
99.300
98.509 12/
2.769
2.949
99.292
98.498
2.801
2.971
Sept.
27p.
99.310
98.518
2.730
2.931
99.302
98.51;
2.761
2.939
99.310
98.537
2.730
2.894
99.300
98.530
2.769
2.908
99.308
98.560
2.738
2.848
99.300
98.550
Sept.
f99.305
[98.515
(99.304
Oct.
4p.
Oct.
lip.
r99.302
198.552
18p.
(99.305
198.563
2.752
2.902
Oct.
Oct.
25p.
[98.533
2.749
2.843
99.303
98.562
99.310
98.570
2.757
2.844
99.305
98.568
2.749
2.833
r99.307
[98.570
99.312
98.576 12/
.722
.817
98.536
98.765
.549 IJt/
.820 12/
2.870
2.499
98.529
98.757
2.910
2.632
97.101
97.037 16/
2.859
2.930
97.039
96.979
2.920
2.988
96.614 12/
3.340
2.918
3.225
2.940
96.572
3.381
2.957
3.273
2.979
Tax anticipation bills:
i962-Mar.
Oct.
23
3p
Other bills:
1961-July
Oct.
1962-Jan.
Apr.
July
Oct.
j/
i/
i/
6/
2/
8/
2/
IQ/
11/
12/
97.051
96.992
15..
15..
15..
15p.
Bank discount basis.
Except $300,000 at 99.304.
Except $200,000 at 98.450,
Except $100,000 at 98.450.
Except $150,000 at 98.508,
Except $400,000 at 99.292.
Except $105,000 at 98.552,
Except $500,000 at 99.284.
Except $200,000 at 98.525.
Except $200,000 at 98.526,
96.588
97.012
2.975
3.366
2.943
3.257
2.969
97. 014
96.730 18/
97.019 12/
ly
iV
and $9,000 at 98.438.
12/
16/
12/
and $415,000 at 98.500.
$400,000 at 98.500, and $100,000 at
$100,000 at 98.525, and $100,000 at
.480.
18/
.514.
12/
p
97. 002
96.682
96.980
Except $100,000 at 98.584.
Except $100,000 at 99.625.
Except $100,000 at 98.962, and $3,000,000 at 98.834.
Except $100,000 at 97.070.
Except $20,000 at 97.000, $100,000 at 96.852, $1,000,000 at 96.654,
and $3,000,000 at 96.624.
Except $50,000 at 96.852, $200,000 at 96.806, $100,000 at 96.800,
$25,000 at 96.781, $400,000 at 96.756, and $2,000,000 at 96.745.
Except $500,000 at 97.029.
Preliminary.
)
,
,
Treasury Bulletin
1^0
PUBLIC DEBT OPBIWIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounta Is
Deacrlptlon of Issue
Issue
date
1953-Apr.
23.
May
May
May
28.
June
June
June
June
^.
11.
18.
25.
July
July
July
16.
2.
9.
Sept. 10.
1955-July
July
July
July
21.
28.
Aug.
Aug.
Aug.
Aug.
4.
11.
18.
25.
7.
U.
Sept. 1.
Sept. 8.
Sept. 15.
Sept.
22.
Sept. 29.
1957-Jan.
Feb.
Feb.
Feb.
Feb.
31.
7.,
U..
21.
28.,
Mar.
Mar.
U.
7.
Deo.
Deo.
19.
26.
1958-Jan.
Jan.
Jan.
Jan.
16.
23.
Mar.
13.
2.
9.
Sept. 11.
Sept. 18.
Sept. 25.
Oct.
Oct.
Oct.
Oct.
Oct.
2.
9.
16.
23.
30.
Nov.
Nov.
Dec.
18.
Deo.
26.
1959-Jan.
2.
Jan.
8.
Maturity
date
mllUons
November 1962
ki
PUBLIC DEBT OPERATIONS
Table 3.- New Ntoney Financing through Regular Weekly Treasury Bills
-
(Continued)
(Dollar amounts in millions)
Description of Issue
Maturity
date
Number of
days to
maturity
Amount
of bids
tendered
Amoxmt
of bids
accepted
724
1959-June
Sept.
tl,500
400
te,090
Average rate
on bids
accepted 1/
(Percent)
2.816
3.111
12 2/
June
Sept.
2,254
967
1,301
400
3.062
3.375
Mar.
19
June
Sept.
2,019
727
1,301
400
2.763
3.058
Mar.
26
June
Sept.
2,122
671
1,300
400
2.766
3.093
Aug.
13
1959-Nov.
1960-Feb.
1,866
875
1,200
400
3.150
3.690
Aug.
20
1959-Nov.
1960-Feb.
1,853
790
1,200
400
3.417
3.782
Aug.
27
1959-Nov.
1960-Feb.
1,964
693
1,200
400
3.824
4.152
1%0-May
19
1960- Aug.
1,809
961
1,200
500
4.000
May
26
Mar.
Nov.
June
196iajan.
3.497
3.867
1,101
500
3.134
3.495
1,101
400
2.358
2.530
1,986
1,082
1,100
500
2.230
2.422
2,057
1,082
1,101
500
2.299
2.497
June
Sept.
1,924
1,046
1,100
500
2.392
2.576
July
1,916
1,048
1,100
500
2.470
2.658
July
May
30
Aug.
6
Apr.
1,200
500
1,820
996
Apr.
2
Apr.
1,834
897
91
182
1961-Apr.
July
26
Mar.
91
183
Sept.
Dec.
19
Feb.
13
91
182
Oct.
Oct.
91
183
2,000
1,118
1,101
500
2.361
2.556
91
182
2,087
950
1,101
500
2.299
2.417
1,877
1,115
1,101
500
2.232
2.423
1,916
960
1,100
500
2.200
2.385
1,821
934
1,100
600
2.321
2.617
2,221
1,112
1,100
600
2.382
2.734
2,038
1,252
1,101
600
2.325
2.708
2,213
1,334
1,201
600
2.706
2.939
2,030
1,195
1,200
600
2.759
2.952
2,424
1,284
1,202
601
2.849
3.031
2,101
1,198
1,201
600
2.665
2.847
July
May
4
Aug.
Nov.
May
11
Aug.
Nov.
July
31.
Oct.
Oct.
20
Aug.
19
Oct.
1962-Jan.
91
182
1961-Nov.
1962-Mar.
Jan.
Apr.
1
91
182
26
1962 -Feb.
Feb.
23
May
Aug.
May
15
Feb.
3.793
Aug.
Nov.
2
Jan.
91
182
Aug.
91
182
May
,
Aug.
May
Mar.
1
Mar.
8
June
Sept.
91
182
1,914
1,106
1,200
601
2.721
2.883
91
182
2,716
15
June
Sept.
1,165
1,201
600
2.804
2.972
June
Sept.
2,162
1,182
1,201
600
2.689
2.854
Jxine
2,182
1,248
1,200
600
2.719
2.857
Mar.
Mar.
22
Mar.
29
Footnotes at end of table
Aug.
Sept.
(Continued on following page)
New money
increase, or
decrease (-)
1^2
Treasunj Bulletin
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dolla
Dlllions)
Description of issue
Issue
date
Maturity
date
Number of
days to
maturity
Amount
of bids
tendered
Amount
of bids
accepted
-
(Continued)
November 1962
^i
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular AVeekly Treasury Bills
Date subscription books
Treasury Bulletin
1^1^
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
Sovember 1962
^
Treasury Bulletin
k6
PUBLIC DEBT OPERATIONS
.
.
.
November 1962
'^7
PUBLIC DEBT OPERATIONS
Footnotes to Table 4.- (Continued)
6/
2/
8/
2/
10/
U/
12/
13/
1^
1^
16/
17/
18/
12/
22/
2i/
22/
22/
2^
Zi/
The bond offering Uas made available for exchange of Series F and G
savings bonds maturing from May 1 through December 31, 1953.
Total allotments on cash subscriptions were limited to approximately
$1,000 million. Nonbank subscriptions in amounts up to and Including
$5,000 were allotted in full. All other subscriptions were allotted
20 percent. Commercial banks subscriptions were restricted to an
amount not exceeding 5 percent of their time deposits as of
December 31, 1952. The Treasury also reserved the right to allot
limited amounts of these bonds to Government investment accounts,
which subscribed to a total amount of $118 million. Payment for the
bonds allotted could be made with accrued interest at any time not
later than July 31, 1953.
Tax anticipation bill, acceptable at face value in payment of income
and profits taxes due on the quarterly payment date immediately
preceding maturity.
Tax anticipation certificate, acceptable at par plus accrued interest
to maturity in payment of income and profits taxes due on the quarterly
payment date immedlatly preceding maturity.
Subscriptions for amounts up to and including $100,000 were allotted
Subscriptions for amounts over $100,000 were allotted 67
in full.
percent but in no case less than $100,000.
Subscriptions for amounts up to and including $10,000 were allotted
Subscriptions from mutual savings banks, insurance companies,
In full.
pension and retirement funds, and State and local governments were
allotted 24 percent. All others, Including commercial banks, were
allotted 16 percent but not less than $10,000 on any one subscription.
Subscriptions for amounts up to and including $10,000 were allotted
All other subscriptions were allotted 22 percent but in no
In full.
case less than $10,000.
Subscriptions for amounts up to and including $50,000 were allotted
Subscriptions for amounts over $50,000 were allotted 40
in full.
percent but in no case less than $50,000.
Subscriptions for amounts up to and Including $50,000 were allotted
Subscriptions for amounts over $50,000 were allotted 50
in full.
percent but in no case less than $50,000.
Cash subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 62 percent but in no
case less than $100,000.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 19 percent but in no case
less than $100,000.
Subscriptions from savings-type investors totaled $749 million and
were allotted 65 percent. Subscriptions from all other Investors
totaled $970 million and were allotted 30 percent. Subscriptions
for $25,000 or less were allotted in full. Subscriptions for more
than $25,000 were allotted not less than $25,000. In addition to the
amount allotted to the public, $25 million of the bonds were allotted
Savings-type investors were given
to Government Investment accounts.
the privilege of deferring payment for the bonds, provided that not
less than 25 percent was paid by July 20, 1955, not less than 60 percent by September 1, 1955, and full payment by October 3, 1955.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 32 percent "out in no case
less than $100,000.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 29 percent but in no- case
less than $100,000.
Issued as a rollover of bills maturing January 16, 1957, and
February 15, 1957, respectively.
Subscriptions in excess of $100,000 were allotted 31 percent for the
certificates and 12 percent for the notes. Subscriptions for
subscrip$100,000 or less for both Issues were allotted in full and
tions for more than $100,000 were allotted not less than $100,000.
notes were allotted to Government
In addition, $100 million of the
investment accounts.
Redeemable at the option of the holder on August 1, 1959, on three
months' advance notice.
Treasury allotted
In addition to the amounts issued in exchange, the
$100 million of each issue to Government investment accounts.
Redeemable at the option of the holder on February 15, 1960, on
three months' advance notice.
the
Subscriptions in excess of $100,000 were allotted 22 percent for
certificates and 23 percent for the notes. Subscriptions for
subscripor less for both issues were allotted in full, and
$100,000
$100,000.
tions for more than $100,000 were allotted not less than
addition, $100 million of each issue were allotted to Government
In
investment accounts.
SubscripSubscriptions for $50,000 or leas were allotted in full.
no case
tions for more than $50,000 were allotted 10 percent but in
In addition, $100 million of the bonds were
less than $50,000.
more
allotted to Government investment accounts. Payment of not
October 21,
than 50 percent could be deferred until not later than
1957.
„ ^
Subscriptions for $10,000 or less were allotted in full. Subscrip22/
tions for more than $10,000 were allotted 25 percent to savingstype Investors and 12 percent to all other subscribers but in no
In addition, $100 million of the notes were
case less than $10,000.
allotted to Government investment accounts.
Subscriptions for $10,000 or less were allotted In full. Subscrip22/
tions for more than $10,000 were allotted 26 percent to savings-type
26/
.
investors and 10 percent to all other subscribers but in no case
In addition, $100 million of the bonds were
less than $10,000.
allotted to Government investment accounts.
29/ Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 20 percent but in no case
In addition, $100 million of the bonds were
less than $10,000.
allotted to Government investment accounts.
Subscripin full.
20/ Subscriptions for $25,000 or less were allotted
case
tions for more than $25,000 were allotted 24 percent but In no
addition, $100 million of the notes were
In
less than $25,000.
allotted to Government investment accounts,
allotted in full. Subscriptions
ii/ Subscriptions for $5,000 or less were
infor more than $5,000 were allotted 60 percent to savings-type
and
vestors, 40 percent to commercial banks for their own account,
percent to all other subscribers, but in no case less than $5,000.
25
Government
In addition, $100 million of the bonds were allotted to
Investment accounts
allotted in full. Subscrip32/ Subscriptions for $100,000 or less were
no case
tions for more than $100,000 were allotted 59 percent but in
less than $100,000.
less
Subscriptions for $100,000 or less for the bills and $50,000 or
more than the
for the notes were allotted in full. Subscriptions for
perminimum for each issue were allotted 44 percent on bills and 35
In addition,
cent on notes but in no case less than the minimum.
investment
$100 million of the notes were allotted to Government
accounts
o i.
in full. Subscrip34/ Subscriptions for $100,000 or less were allotted
no case
tions for more than $100,000 were allotted 47 percent but
less than $100,000.
totaled $720 million and
22/ Subscriptions from savings-type Investors
for
were allotted 70 percent. Subscriptions from commercial banks
their own account totaled $470 million and were allotted 35 percent.
Subscriptions from all other investors totaled $610 million and were
allotted 15 percent. Subscriptions for $25,000 or less were allotted
In full when accompanied by 100 percent payment at the time of enterAll other subscriptions for $5,000 were
ing the subscriptions.
allotted in full. Subscriptions for more than $5,000 were allotted
not less than $5,000. In addition, $50 million of the bonds were
allotted to Government Investment accounts. Savings-type investors
were given the privilege of paying for the bonds allotted to them in
installments up to April 23, 1959 (not less than 25 percent by
January 23, 1959, the issue date; 50 percent by February 24, 1959;
75 percent by March 23, 1959; and full payment by April 23, 1959)
2^ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 50 percent but in no case
In addition, $100 million of the notes were
less than $100,000.
allotted to Government investment accounts.
Subscriptions from savings-type investors totaled $240 million and
21/
were allotted 65 percent. Subscriptions from commercial banks for
their own account totaled $941 million and were allotted 35 percent.
Subscriptions from all other Investors totaled $322 million and were
allotted 20 percent. Subscriptions for $25,000 or less from savingstype investors and commercial banks, and for $10,000 or less from all
others, were allotted in full. Subscriptions for more than these
In addition,
minlmums were allotted not less than the minimums.
$50 million of the bonds were allotted to Government investment accounts.
22/ Full-paid subscriptions of $25,000 or less, totaling $941 million,
were allotted in full. Subscriptions from savings-type investors
totaled $1,361 million and were allotted 45 percent. Subscriptions
from commercial banks for their own account totaled $6,390 million
and were allotted 8 percent, but not less than $1,000 on any one
subscription. Subscriptions from all other investors totaled $2,433
million and were allotted 5 percent, but not less than $1,000 on
any one subscription. In addition, $100 million of the notes were
allotted to Government Investment accounts.
savings
22/ Holders of approximately $1,600 million of Series F and G
bonds issued in 1948, irtiloh mature in 1960, were offered in exchange
the 4-3/4/6 notes, with certain adjustments as of December 15, 1959,
at a price of 99-3/4%. Smaller denominations of savings bonds could
be exchanged for the next higher multiple of $1,000 of the notes
upon payment of any cash difference. Cash payments amounted to $3
million,
40/ Issued as a rollover of maturing one-year bills.
privilege of paying for the
43/ Savings-type investors were given the
bonds in installments up to June 15, 1960 (not less than 40 percent
by April 14, the delivery date; 70 percent by May 15; and full
In addition to the amounts allotted to the
payment by June 15).
public, $100 million of the bonds were allotted to Government investment accounts.
Subscrip42/ Subscriptions for $100,000 or less were allotted in full.
tions for more than $100,000 were allotted 30 percent but in no case
In'addition, $27.4 million of the notes were
less than $100,000.
allotted to Government investment accounts.
Subscrip43/ Subscriptions for $25,000 or less were allotted In full.
tions for more than $25,000 were allotted 85 percent but in no case
In addition, $71 million of the notes were
less than $25,000.
allotted to Government investment accounts.
Subscriptions ware permitted to be made with payment in cash or in
4-3/4% Treasury notes maturing August 15, 1960 (see Table 6, footIn addition in order that holders of 3-5/3% Federal
note 22).
Remaining footnotes on following page.
33/
m
^
M
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Footnotes to Table 4.- ((Continued)
National Mortgage Association notes maturing August 23, 1960, might
have an opportunity to reinvest the proceeds, the Secretary of the
Treasury, in behalf of the Association, offered to purchase such
notes on August 15, 1960, at par and accrued interest to the extent
that such subscriptions were allotted and the proceeds from the par
amount of the notes were applied to payment, in whole or In part,
for the new securities.
Combined total includes $80 million allotted on subscriptions from
holders of the Federal National Mortgage Association notes maturing
August 23, 1960 (see footnote 44).
46/ Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1960.
47/ Subscriptions from States, political subdivisions, or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts, and the Federal Reserve Banks as provided in the offering
circular, totaled $6,285 million and were allotted in full. Subscriptions subject to allotment totaled $11,104 million and were
allotted In full up to and including $25,000; all others were allotted
13 percent but in no case less than $25,000.
48/ Subscriptions totaled $1,181 million from savings-type investors and
$100 million from Government Investment accounts; both were allotted
Subscriptions from commercial banks for their own accounts
25 percent.
totaled $2,708 million and were allotted 20 percent. Subscriptions
from all others totaled $1,190 million and were allotted 15 percent.
Subscriptions for $5,000 or less were allotted In full; subscriptions
for more than $5,000 were allotted not less than $5,000.
49/ In addition to the amounts allotted to the public, there were
allotted to Government investment accounts $131.3 million of the
3-1/2% bonds of 1980, $215.9 million of the 3-l/2% bonds of 1990,
and $236.5 million of the 3-1/2!? bonds of 1998.
50/ Holders of approximately $750 million of Series F and G savings bonds
issued in 1949, which mature in 1960, were offered In exchange the
4% bonds, with certain adjustments as of December 15, 1960, at a price
of 100|.
Smaller denominations of savings bonds could be exchanged
for the next higher multiple of $500 of the bonds upon payment of any
cash difference. Cash payments amounted to $365,375.
51/ Subscriptions were permitted to be made with payment in cash or in
4-7/8% Treasury certificates maturing February 15, 1961 (see Table 6,
footnote 26).
52/ Consists of allotments on subscriptions from holders of certificates
of indebtedness maturing February 15, 1961.
53/ Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts and the Federal Reserve Banks, as provided in the offering
circular, totaled $4,364 million and were allotted in full.
Subscriptions subject to allotment totaled $14,619 million: those
up to and including $10,000 were allotted in full; all others were
allotted 20 percent but in no case less than $10,000.
54/ In addition to the amounts allotted to the public, there were allotted
to the Federal Reserve Banks and Government investment accounts
$39 million of the 3-3/8% bonds of 1966 and $540 million of the
3-5/8% bonds of 1967.
55/ Subscriptions were permitted to be made with payment in cash or in
the 4-3/4% Treasury certificates or 3-5/8% Treasury notes, both
maturing May 15, 1961 (see Table 6, footnote 29).
56/ Consists of allotments on subscriptions from holders of certificates
of indebtedness and Treasury notes maturing May 15, 1961.
There were allotted in full all subscriptions totaling about $2,379
million for the certificates and $1,258 million for the notes, from
States, political subdivisions or Instrumentalities thereof, public
pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central
banks and foreign States, Government Investment account:?, and the
Federal Reserve Banks, as provided in the offering circulars. Subscriptions from all other investors were subject to allotment and
totaled $11,445 million for the certificates which were allotted
27 percent, and $11,631 million for the notes which were allotted
12 percent; subscriptions for $25,000 or less were allotted in full,
and subscriptions for more than $25,000 were allotted not less than
$25,000.
58/ Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of eighteen series of weekly Treasury bills maturing
from August 3, 1961, to November 30, 1961.
^
60/
iV
^
61/
62/
63/
64/
6^
66/
b2/
68/
62/
22/
21/
2^
12/
74/
75/
76/
22/
p
In addition to the amounts allotted to the public, there were allotted
to the Federal Reserve Banks and Government investment accounts $480.4
million of the 3-l/2% bonds of 1980, $160.6 million of the 3-l/2% bonds
of 1990 and $289.5 million of the 3-l/2% bonds of 1998.
Subscriptions for $100,000 or less were allotted In full. Subscriptions
for more than $100,000 were allotted 37 percent but in no case less
than $100,000.
In addition, $100 million of the notes were allotted
to Government Investment accounts.
Sale of a "strip" of Treas\iry bills, consisting of an additional $100
million for cash of eight series of weekly Treasury bills maturing
from December 7, 1961, to January 25, 1962.
Includes $2 million allotted to Government investment accounts of the
3-1/4% notes, $4 million of the 3-3/4% bonds of 1966, and $136 million
of the 3-3/4% bonds of 1974.
Holders of approximately $970 million of Series F and G savings bonds
issued in 1950, which mature in 1962, were offered in exchange the
3-7/8% bonds with certain adjustments as of December 15, 1961, at a
price of 99.50. Smaller denominations of savings bonds could be exchanged for the next higher multiple of $500 of the bonds upon payment of any cash difference.
Cash payments amounted to about $306,000.
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 60 percent but in no case
less than $50,000.
In addition, $100 million of the bonds were
allotted to Government Investment accounts.
Includes $3,411 million allotted .to Federal Reserve Banks and Government investment accounts of the 3-l/2% certificates and $1,518 million
of the 4% notes.
In addition to the amounts allotted to the public, there were allotted
to Government investment accounts $385 million of the 4% bonds of 1971,
$177 million of the 4% bonds of 1980, $218 million of the 3-l/2% bonds
of 1990 and $221 million of the 3-l/2% bonds of 1998.
Issued for cash and in exchange for tax anticipation bills maturing
March 23, 1962 (see Table 6, footnote 31).
Subscriptions for $50,000 or less were allotted in full.
Subscriptions
for more than $50,000 were allotted 15 percent but in no case "less
than $50,000.
In addition, $100 million of the bonds were allotted
to Government Investment accounts.
Includes $2,166 million allotted to Federal Reserve Banks and Government investment accounts of the 3-l/4% certificates, $14 million of
the 3-5/8% notes, and $64 million of the 3-7/8% bonds.
Subscriptions were permitted to be made with payment in cash or in
the 4% notes or 3-1/4% notes, both maturing August 15, 1962
(see
Table 6, footnote 32).
Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1962.
Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international organisations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts, and the Federal Reserve Banks totaled $4,760 million for
the certificates and were allotted in full, in accordance with the
offering circular. Subscriptions from all others totaled $15,395
million and were allotted 12-1/2 percent with subscriptions for
$50,000 or less allotted In full and those for more than $50,000
allotted not less than $50,000.
Subscriptions for the 4% bonds totaled $6,743 million and were
allotted 22 percent with subscriptions for $100,000 or less
allotted in full and those for more than $100,000 allotted not
less than $100,000.
In addition, $100 million of the bonds were
allotted to Government investment accounts.
All subscriptions for the 4-1/4% bonds were allotted in full. In
addition, $50 million of the bonds were allotted to Government
Savings-type investors were given the
investment accounts.
privilege of paying for the bonds allotted to them in installments
up to October 15, 1962 (not less than 30 percent by August 15,
1962, the issue date; 60 percent by September 15, 1962; and full
payment by October 15, 1962).
In addition to the amounts allotted to the public, there we^e allotted
to Government investment accounts $21 million of the 3-3/4% notes
and $320 million of the 4% bonds.
Includes $3,796 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/8% certificates, $1 million of
the 3-1/2% notes, and $6 million of the 4% bonds.
Sale of a "strip" of Treasury bills, consisting of an additional
$100 million for cash of ten series of weekly Treasury bills
maturing from January 17, 1963, to March 21, 1%3.
Preliminary,
November 1962
k9
Treasury Bulletin
50
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
1/
Other Than Regular Weekly Treasury Bills
(Continued)
(In millions of dollars)
Issue
November 1962
51
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classee on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills i/ - (Continued)
(In millions of dollars)
Issue
1
Treasury Bulletin
52
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscrlotlons for Public Marketable Securities
Other Than Regular Weekly Treasury Bills i/ - (Continued)
(In millions of dollars)
Issue
November 1962
53
PUBLIC DEBT OPERATIONS
Table 6,- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
Disposition offers
by Treasury
Called or maturing security 1/
Amount
outstanding
Cash
retirement
Results of exchange offers
Exchange
security
offered
Turned
in for
cash 2/
(In millions of dollars)
-
Certificate
2/15/53-A
3/1/52
3/13/53
10/8/52
2,502
'1-7/8^ Certificate
6/1/53-B
6/15/53-55
7/1/52
10/7/40
4,963
1.720^
Bond
725
5,688
Bill
6/19/53
11/21/52
2,003
8/15/53-C
8/15/52
2,882
Bond
9/15/51-53
9/15/43
7,986
2.383^ Bill
9/18/53
6/3/53
800
2-1/8^ Note
12/1/53-A
10/1/52
10,542
2-1/4^ Certificate -
2/15/54-A
2/15/53
8,114
1-3/8^ Note
3/15/54-A
12/15/49
Bond
Bond
2-1/4* Bond
6/15/52-54
6/15/52-55
6/15/54-56
6/26/44
2/25/42
7/22/40
Certificate
2!?
2-l/-iie
5,825
1,501
681
Total.
2-l/2iC Certificate
3/22/54-C
2-5/8* Certificate
6/26/44
2/25/42
7/22/40
6/1/54-B
Bond
2-1/4* Bond
2-1/4* Bond
7/15/53
6/15/52-54
6/15/52-55
6/15/54-56
'2%
6/1/53
1,743
373
311
7,285
.726*
Bill
6/18/54
4/27/54
1,001
.956*
Bill
6/24/54
3/22/54
1,501
'2-5/8* Certificate
8/15/54-D
8/15/53
2-5/8* Certificate
9/15/54-E
9/15/53
4,724
7,512
Total..
1-7/8* Note
-
12/15/54-B
12/1/53
2*
Bond
- 12/15/52-54
13/1/44
2*
Bond
-
12/15/51-55
12/15/41
17,347
Total.
'1-5/8* Certificate -
2/15/55-A
2/15/54
7,007
1-1/2* Note
-
3/15/55-A
3/15/50
5,365
2-7/8* Bond
-
3/15/55-6O
3/15/35
2,611
Certificate -
3/22/5 5-C
8/2/54
3,734
1-1/8* Certificate -
5/17/55-B
5/17/54
3,886
1-3/8* Certificate -
6/22/55-F
4/1/55
3,210
I-I/8* Certificate -
8/15/55-D
8/15/54
8,477
14,983
Total.
1*
8,114
620
Description of new
security offered
(See also Table 4)
Treasury Bulletin
5'+
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
November 1962
55
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Date ot
56
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securl ties
Other Than Regular Weekly Treasury Bills - (Continued)
November 1962
57
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Date of
refunding
of retirement
52
November 1962
59
PUBLIC DEBT OPERATIONS
Footnotes to Table 6.- (Continued)
Reopening of November 28, 1955, offering (see Table i).
During June 1956, $159 million of these notes were purchased by the
Treasury for account of the Sinking Fund and retired.
Also designated tax anticipation certificates.
Two Issues of bills, maturing January 16, 1957, and February 15, 1957
respectively, were rolled over into two issues of tax anticipation
bills, both maturing June 24, 1957.
During June and July 1958, $491 million of the 2-5/8^ Treasury bonds
of 1965 were purchased by the Treasury for retirement under section
19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754a).
Called on May 14, 1958, for redemption on September 15, 1958.
Represents amount which owners exercised the option to redeem on
August 1, 1959 (see Table 4, footnote 22).
Holders of the A% notes, who had the option to redeem at par on
February 15, 1960, by giving notice not later than November 16, 1959,
were permitted to exchange their holdings on November 15, 1959, for
the 4-7/8^ notes.
Rolled over into a one-year bill (see Table 4).
Amount which owners exercised the option to redeem on February 15,
1960 (see Table 4, footnote 24).
Advance refunding offering. Pursuant to the provisions of section
1037 (a) of the Internal Revenue Code of 1954 as added by Public Law
86-346, approved September 22, 1959, the Secretary of the Treasury
has declared that no gain or loss shall be recognized for Federal
income tax purposes upon the exchange of the eligible outstanding
securities solely for the new securities. For tax purposes, therefore, the investor will carry the new securities on his books at the
same amount as he had been carrying the eligible securities exchanged.
Gain or loss, if any, upon the obligations surrendered in exchange
will be taken into account upon the disposition or redemption of the
new obligations.
Holders of 2-l/2!f Treasury bonds maturing November 15, 1961, were
offered the option to exchange the bonds during the period from
June 8, 1960, to June 13, 1960, inclusive, subject to allotment if
subscriptions exceeded by 10 percent the offering limits of J3.5
billion for the notes and $1.5 billion for the bonds.
Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them in payment or exchange. In whole or in part, for the 3-1/8? certificates or
the 3-7/8? bonds, which were offered In an aggregate of around
$8-3/4 billion. For detail of offering, see Table 4.
Excess of maturing 4-3/4? Treasury notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 44 and 46).
Reopening of an earlier issue.
Holders of 2-1/2? Treasury bonds maturing June 15, 1967, December 15,
1968, June 15, 1969, and December 15, 1969, were offered the option
to exchange the bonds during the period from September 12, 1960, to
September 20, 1960, inclusive, the first for 3-1/2? bonds of 1980,
the second for 3-1/2? bonds of 1990, and the other two for 3-1/2?
bonds of 1998, subject to allotment if the combined total of subscriptions for the bonds of 1990 and 1998 exceeded an outside limit
of $4.5 billion.
Holders of the maturing certificates were not offered preemptive
rights to exchange their holdings, but were permitted to present
them in payment or exchange, in whole or in part, for the 3-l/^?
notes offered in the amount of around $6.9 billion. For detail of
offering, see Table 4.
Excess of maturing 4-7/8? certificates over allotments of new
securities on subscriptions from holders of those certificates
(see Table 4, footnotes 51 and 52).
From March 20 through March 22, 1961, owners of 2-1/4? bonds of June
15, 1959-62, 2-1/4? bonds of December 15, 1959-62, 2-5/8? notes
maturing February 15, 1963, and 2-1/2? bonds maturing August 15, 1963,
were granted the option of exchanging their holdings. The first
three were exchangeable for a new 3-5/8? bond due November 15, 1967,
and the last for a new 3-3/8? bond due November 15, 1966. Exchanges
were subject to allotment if subscriptions exceeded $5 lllllon for
the bonds of 1967 or $3 billion for the bonds of 1966.
Holders of the maturing certificates and notes were not offered
preemptive rights to exchange their holdings, but were permitted to
present them in payment or exchange, in whole or in part, for the
$5,250 million offering of 3? certificates or the $2,500 million
offering of 3-1/4? notes. For detail of offering, see Table 4.
20/ Excess of maturing 4-3/8? certificates and 3-5/8? notes over
allotments of new securities on subscriptions from holders of those
certificates and notes(see Table 4, footnotes 55 and 56).
31/ $1,569 million were redeemed for cash and $168 million were exchanged for the tax anticipation bills dated March 23, 1962 (see
Table 4).
32/ Holders of the maturing notes were not offered preemptive rights
to exchange their holdings, but were permitted to present them
in payment or exchange, in whole or in part, for the $6,500
million offering of 3-l/2? certificates, the $1,500 million
offering of 4? bonds, or the $750 million offering of 4-1/4?
bonds. For detail of offering, see Table 4.
22/ Excess of maturing 4? notes and 3-1/4? notes over allotments
of new securities on subscriptions from holders of those notes
(see Table 4, footnotes 70 and 71).
2^ From September 10 through September 12, 1962, owners of securities
maturing February 15, 1963 (3-1/2? certificates, 2-5/8? notes,
3-1/4? notes), and May 15, 1963 (3-1/4? certificates, 3-1/4? notes,
4? notes) were granted the option of exchanging their holdings,
subject to allotment if subscriptions exceeded the offering limits
of $6 billion for the notes and $3 billion for the bonds.
Called on August 14, 1962, for redemption on December 15, 1962.
29/
2^
p
Preliminary.
Note:
Information on retirement of
Treasury Bulletin
60
UNITED STATES SAVINGS BONDS.
Series E and H are the only savings bonds currently
being sold.
Series E has been on sale since May
19'H,
30,
1952. Series J and K were sold from May 1,
1952 through
Series
April 30, 1957. Details of the principal changes In Issues,
Interest yields, maturities, and other terms appear In the
A-D were sold from March 1, 1935, through April 30, 19'tl.
Series F and G were sold from May 1, 19'^-1. through April
Treasury Bulletins of April 1951, May I952, May 1957, October and December 1959. arid May and October I961.
and Series H has been on sale since June 1, 1952.
1,
Table 1.- Sales and Redemption by Series, Cumulative through October 31, 1962
(In millions of dollars)
November 1962
61
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Redemptions
ales
1/
Accrued
dlscoxint
Sales plus
accrued
discount
Sales
price
Amount outstanding
X/
^
Accrued
discount
j/
Interest-bearing
debt
Series E and H combined
Fiscal years:
1941-1954 i/.
1955
1956
1957
1958
1959
1960
1961
1962
Calendar years:
1941-1954
1955
1956
1957
1958
1959
1960
1961
Months:
1962-January,
February
March,
.
April.
.
May
June,
, ,
73,979
5,225
5,260
4,613
4,670
4,506
4,307
4,464
4,421
8,061
1,123
1,114
1,133
1,161
1,174
1,194
1,254
1,331
82,040
6,348
6,374
5,746
5,831
5,680
5,501
5,717
5,753
44,558
4,544
4,730
5,176
5,187
5,107
5,502
4,627
4,603
42,058
3,911
4,069
4,444
4,432r
4,310
4,616
3,906
3,873
2,500
633
661
732
755r
797
886
721
731
37,482
39,285
40,929
41,498
42, U2
42,716
42,715
43,806
44,955
76,352
5,368
5,043
8,626
1,113
1,124
4,507
4,689
4,320
4,350
4,539
V
1,178
1,169
1,224
1,293
84,977
6,481
6,167
5,649
5,867
5,489
5,574
5,832
46,744
4,652
4,832
5,469
4,856
5,519
4,996
4,484
43,946
3,998
4,162
4,686
4,129
4,636
4,202
3,781
2,798
654
670
783
727
883
794
703
38,233
40,063
41,398
41,578
42,589
42,559
43,137
44,485
483
376
396
395
315
338
44,610
44,699
44,786
454
452
491
401
402
424
342
337
355
44,839
44,888
44,955
492
466
414
398
386
360
330
323
302
45,049
45,130
45,184
476
362
374
1,U3
132
102
110
349
353
363
July
August ^
Septembe
358
360
301
October.
134
106
113
465
483
360
.
Series F, G, J, and K combined
Fiscal years:
V
.
,
.
.
:
:
Treasury Bulletin
62
.UNITED STATES SAVIHGS BOKDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(Continued)
-
(In millions of dollars)
Redemptions
ales
Fiscal years:
1941-1954 V.
2/
Accrued
discount
Sales plus
accrued
discount
Sales
price
1/
^
1%1
80,985
5,218
5,333
5,052
5,049
4,862
4,797
4,943
5,005
44,527
4,490
4,622
4,981
4,951
4,889
5,181
4,394
4,343
42,027
3,857
3,961
4,248
4,196r
4,092
4,295
8,626
1,113
1,124
3,875
3,802
3,598
3,632
3,711
Calendar years:
1941-1954
1955
1956
1957
1958
1959
1960
8,061
1,123
1,114
1,133
1,161
1,174
1,194
1,254
1,331
4,U2
1957
1958
1959
1960
1961
1962
72,924
4,095
4,219
3,919
3,839
3,688
3,603
3,689
3,674
74,843
4,192
•
1955 i/
1956
1,178
1,169
1,224
1,293
83,468
5,304
5,266
5,018
4,979
4,767
4,856
5,003
46,690
4,572
4,689
5,220
4,658
4,729
4,249
43,892
3,918
4,018
4,437
3,931
4,342
3,935
3,546
512
405
422
464
357
368
296
309
1,M3
5,225
3,673
3,613
Months
April
May
June
July
Aiigust ,
.
September
379
303
313
132
102
291
314
307
1962- January.
February.
March.. .
104
395
378
99
413
435
378
400
319
312
330
296
311
261
134
106
113
430
417
371
361
334
304
298
275
no
128
375
October..
Fiscal years:
1952-1954 V-
•
1955 i/
1956
1957
1958
1959
1960
1%1
1962
Calendar years:
1952-1954
1955
1956
1957
1958
1959
1960
1961
1,055
1,130
1,041
694
782
818
704
775
747
1,055
1,130
1,041
694
782
818
704
747
108
196
236
217
322
233
260
1,509
1,177
901
631
887
722
718
1,509
1,177
901
631
887
722
718
828
248
198
294
267
235
775
Months
1962- January.
February.
March. . ..
April
May
June
July
Aiigust
. .
September
October.
61
U3
375
Accrued
discount 2/
Exchanges of
K bonds for
H bonds
2,500
633
661
732
75 5r
797
886
721
731
201
188
219
2,798
654
670
783
727
794
703
278
212
November 1962
63
.UHITED STATES SATINGrS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Total 1/
Fiscal years:
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
Unclassified
Series E
and H
817
Series E and H
6,137
5,109
5,621
6,515
7,251
7,846
8,958
8,544
7,249
8,557
5,819
5,716
792
38
702
1,761
2,747
3,941
4,263
4,115
3,730
3,621
4,126
2,673
2,593
1,128
1,487
1,826
1,917
1,971
1,906
1,996
2,304
1,733
1,668
5,651
5,074
6,Li9
6,985
7,301
8,264
9,630
7,255
8,772
6,732
5,595
772
1,015
2,318
3,171
4,230
4,246
4,156
3,393
4,701
3,033
2,555
254
968
1,328
1,500
2,047
1,891
2,084
1,691
2,433
1,944
1,633
621
442
479
199
307
197
127
206
145
458
460
481
201
198
166
146
154
128
August . .
September
453
429
402
138
106
186
153
October.
514.
148
31
Calendar years:
1951
1952
1953
1954
1955
1956
1957
1958
1959
1%0
1%1
Months:
1962-January.
February,
March.. .
April
May
June
July..
779
90
633 6/
1,260
2,115
2,345
925 2/
5,300
4,316
3,859
3,589
3,394
3,467
4,657
4,739
3,778
4,641
3,358
3,070
518
4,9U
^
2,U4
1,824
1,625
1,822 2/
940 1/
47
990 (j/
1,672
2,183
2,355
2,072
1,702
2,268 2/
1,089 2/ 8/
922 8/ 2/
3,285
3,075
2,875
3,817
3,0%
2,882
2,464
2,976
2,920
3,322
3,091
3,445
3,1U
2,899
238
223
253
268
261
271
237
210
215
2/
56 2/
44 2/
39 2/
^
^
6/
2/
8/
2/
10/
»
185
75
-150
-210
-212
1%
53
1,097
929
917
593
689
979
1,886
750
1,075
825
201
-35
34
31
757
-595
120
266
22
-449
-239
-60
2U
2/
52
30
Details by series on a cumulative basis and by periods for Series A-D
combined will be found in the February 1952 and previous issues of the
Treasury Bulletin.
Because there is a normal lag in classifying redemptions zhe distribution of redemptions between sales price and accrued discount has been
Beginning with the Treasury Bulletin of March 1961 the
estimated.
method of distributing re-iemptions between sales price and accrued
discount has been changed to reflect the distribution shown in final
179
-84
116
222
195
33
1,042
1,012
904
874
619
682
1,526
1,544
543
1,356
283
243
248
256
20
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
Note:
In these tables sales of Series A-F and J bonds are included at issue
price, and redemptions and amounts outstanding at current redemption
value.
Series G, H, and K are included at face value throughout.
Matxired bonds vfhich have been redeemed are included in redemptions.
Matxired F and G bonds outstanding are included in the interest-bearing
debt xintil all bonds of the annual series have matured, and are then
transferred to matured debt upon which interest has ceased.
2/ Sales and redemption figures include exchanges of minor amounts of (1)
matxired Series E bonds for Series G and K bonds from May 1951 through
April 1957 and (2) Series F and J bonds for Series H bonds beginning
January 1960; however, they exclude exchanges of Series E bonds for
Series H bonds, which are reported in Table 3.
2/
4,025
3,799
3,057
3,666
3,899
5,207
3,841
4,520
3,938
3,100
4,258
3,304
2,955
2,715
2,775
2,785
3,132
3,195
3,235
251
242
266
72
101 2/
Source:
2/
iQ/
171
-107
16
reports of classified redemptions. All periods shown have been
revised on this basis.
Reductions were made in issues and redemptions of Series E, H, F, G,
J, and K bonds in July 1954 to compensate for the erroneous inclusion
of reissue transactions in June 1954 as reported in the daily Treasury
statement. The amounts involved were as follows: $18 million for
issues of Series E and H, $17 million for issues of Series F, G, J,
and K, and $35 million for unclassified retirements.
Series F and G sales were discontinued April 30, 1952, and Series J
Sales figures after
and K sales were discontinued April 30, 1957.
April 30, 1957, represent adjustments.
Includes exchanges of Series 1941 E and G savings bonds for 3-l/4%
marketable bonds of 1978-83.
Includes exchanges of Series 1948 F and G bonds for 4-3/4$ marketable
notes of 1964.
Includes exchanges of Series 1949 F and G bonds for j^% marketable
bonds of 1969.
Includes exchanges of Series 1950 F and G bonds for 3-7/8$ marketable
bonds of 1968.
Represents changes in the amounts of redemptions not yet classified
between matxired and unmatured issues.
r
Revised.
Less than $500,000.
,
:
:
Treasury Bulletin
61^
.DNITHD STATES SAVINGS BONDS.
Table 5.
Sales and Redemptions by Denominations, Series B and H
V Combined
(In thousands of pieces)
Total all
denominations
tlO
$100
«50
2/
Sales
$200
2/
$500
$1,000
$5,000
$10,000 i/ 5/
6/
Jiseal years:
1,611,266
85,342
90,053
90,160
89,431
85,882
85,607
86,495
86,479
21,076
1,100,111
55,164
56,719
56,327
54,908
52,895
52,972
53,453
53,010
251,393
16,374
18,784
20,256
21,043
20,108
20,220
20,434
20,901
180,474
9,315
10,090
9,969
9,824
9,477
9,208
9,273
9,286
7,913
884
929
851
893
798
774
789
813
24,653
1,578
1,608
1,320
1,304
1,212
1,165
1,201
1,186
25,573
1,945
1,854
1,396
1,413
1,340
1,230
1,299
1,237
1,652,755
87,316
90,786
90,856
86,676
84,945
86,659
85,757
21,076
1,127,256
55,618
56,635
56,361
53,200
52,452
53,910
52,528
259,282
184,925
9,748
10,177
9,846
9,690
9,241
9,184
9,322
8,335
916
908
887
823
775
768
816
25,364
1,648
1,500
1,257
1,302
1,141
1,173
1,247
26,413
1,980
1,683
2,023
1,574
1,898
1,664
1,915
1,849
729
803
795
150
113
95
96
June
5,240
3,997
4,685
4,253
4,690
4,732
131
101
7,652
6,901
7,652
7,625
July
August
September p.
6,970
7,300
6,279
4,221
4,423
3,847
1,734
1,817
1,549
748
795
667
1941-54 2/
1955 2/
1956
1957
1958
1959
1960
1961
1962
Calendar years:
1941-54
1955
1956
1957
1958
1959
1960
1961
5.7,323
19,825
21,166
20,152
20,050
20,347
20,447
1,305
1,454
1,243
1,238
1,346
Months
1962- January
February,
8,540
6,596
. .
March
April
May
Inception to date p
21,076
414,616
1,548,051
259,125
Redemptions
85
14,838
6/
Fiscal years:
831,271
61,049
60,014
60,612
59,880
56,036
56,796
54,280
52,958
166,365
15,650
16,503
18,165
19,467
18,598
19,507
18,654
18,746
99,119
9,914
9,925
10,590
10,433
10,394
10,634
9,197
9,150
2,666
396
537
633
639
675
862,809
59,640
59,520
61,695
57,080
56,389
55,552
52,626
174,225
15,887
17,036
19,777
18,296
19,150
19,089
18,346
104,063
9,842
9,986
10,961
10,075
10,696
9,848
8,937
2,854
454
581
666
627
7,809
6,777
7,111
7,359
7,341
7,621
4,802
4,321
4,477
4,592
4,643
4,751
1,736
1,462
1,585
1,676
1,650
1,743
941
September p.
7,076
7,233
6,344
4,455
4,622
3,974
1,601
1,619
1,431
771
759
707
Inception to date p
1,874,569
1,305,948
316,306
1,139,311
89,749
89,953
93,175
93,452
88,647
90,748
85,077
83,804
17,831
349
429
321
231
177
144
101
1,185,139
88,700
90,109
96,384
88,902
90,083
87,819
82,762
1941-54 2/
1955 2/
1956
1957
1958
1959
1960
1961
1962
17,979
424
371
78
725
616
653
11,396
1,210
1,255
1,354
1,320
1,301
1,351
1,076
1,077
10,662
1,177
1,281
1,485
1,464
1,451
1,567
1,139
1,126
11,987
1,225
1,267
1,408
1,250
1,368
1,201
1,045
11,219
1,221
1,337
1,578
1,365
1,575
1,334
1,098
Calendar years:
1941-54
1955
1956
1957
1958
1959
1960
1961
280
197
161
122
87
722
657
609
Months
1962- January
February. ...
March
April
May
June
July
Axigust
,
19,678
These figures are estimates by the Office of Debt Analysis in the
Office of the Secretary and are based on the dally Treasury statement
and reports from Federal Reserve Banks and the Bureau of the Public
Note:
1/
^
2/
Debt.
Sales of Series H bonds began on June 1, 1952; the denominations
authorized were $500, $1,000, $5,000, and $10,000.
Sales were authorized in June 1944, to Armed Forces only, and discontinued after March 31, 1950.
Sales began in October 1945.
136
93
101
739
787
830
797
856
181,593
i/
^
7,696
21,605
21,624
77
Sales of $10,000 denomination Series E bonds were authorized on
May 1, 1952.
Includes sales and redemptions of $100,000 denomination Series E bonds
which are purchasable only by trustees of employees' savings plans
beginning April 1954, and also personal trust accounts beginning
January 1955.
See Table 4, footnote 1.
See Table 4, footnote 4.
Less than 500 pieces,
p
Preliminary,
November 1962
65
OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
Interest-bearing securities issued
by the U. S. Government
End of
fiscal
year or
month
Total
Federa
securities outstanding
1/
Held by U. S. Government
investment accounts 2/
Total
outstanding
Public
issues
Special
issues
Held by
Federal
Reserve
Banks public
Interest-bearing securities guaranteed by the U. S. Government
^
Held by priva
investors j/
Public
marketable
issues
1955
1956
1957
1958
1959
274,418
272,825
270,634
276,444
284,817
271,741
269,883
268,486
274,698
281,833
50,536
53,470
55,501
55,842
54,554
7,286
8,356
8,674
9,596
9,799
43,250
45,114
46,827
46,246
44,756
23,607
23,758
23,035
25,438
26,044
197,598
192,655
189,949
193,418
201,235
127,875
126,304
127,179
134,593
1960
1961
1962
286,471
289,211
298,645
283,241
285,672
294,442
55,259
56,002
56,296
10,360
10,959
11,357
44,899
45,043
44,939
26,523
27,253
29,663
201,459
202,417
208,483
W9,546
292,689
54,406
10,886
296,860
297,354
2%, 489
293,111
293,549
292,485
53,630
54,021
54, 3U
11,325
11,270
11,505
42,304
42,751
42,809
28,532
28,360
29,061
297,357
299,604
298,645
293,361
295,519
294,442
53,596
55,750
56,2%
11,474
11,458
11,357
42,122
44,291
44,939
298,324
302,312
299,986
293,918
297,904
295,571
55,377
56,899
56,268
11,582
11,473
11,709
43,7%
1961-Det; ember.
1962- January..
Febniary.
March
April.
. .
May
June
July
August
September
. .
marketable
issues
Total
outstanding
69,723
66,351
62,770
58,825
56,252
151,392
157,418
51,913
51,025
51,065
139
240
444
158,600
160,154
160,348
158,324
50,794
50,820
50,785
29,182
29,622
29,663
210,583
210,147
208,483
159,848
159,478
157,418
50,734
50,668
51,065
4ttl
29,786
30,358
29,825
208,754
210,647
209,478
157,868
159,830
158,782
50,886
50,817
50,6
445
468
S.
Government
investment
accounts
2/
Held by
private
investors
2/
U4,933
43
73
87
167
153
277
211
344
369
400
429
444
Matured
debt
and
debt
bearing
no
interest
2,634
2,869
2,042
1,646
2,873
50,803
210,949
211,168
209,109
U.
106
101
110
28,881
45,427
44,559
Held by
129
134
U5
151
160
167
163
160
158
3,090
3,300
3,759
.
.
.
.
.
.
C
.
.
Treasury Bulletin
66
OWNERSHIP OF FEDERAL SECURITIES,
Table 3.- Estimated Ownership of Federal Securities
(Par values 1/ in billions of dollars)
Held by banks
Total
Federal
securities
outstand-
ing!/^
Held by private nonbank investors
U. S.
Individuals 4/
CommerFederal Government
cial
Reserv' investment
banks
accounts
Banks
2/
47.6
19iO-jTme
Deo..
48.5
50.9
19.7
21.4
ings
banks
Series
Other
E and H series 5/ rities
Dec.
19i2-June.
U0.8
Dec.
170.1
19U-June.
.
19A5-June.
Dec.
2.1
3.4
3.7
2.0
4.0
10.3
9.2
11.3
3.9
4.5
11.7
12.9
13.1
15.1
10.1
10.6
25.0
31.0
11.2
13.6
10.6
12.2
37.7
53.0
17.8
23.7
3.7
6.9
5.4
6.5
7.2
11.5
14.3
16.9
67.0
81.7
30.9
37.6
11.3
16.0
7.9
8.7
100.2
114.0
46.1
53.3
21.1
25.5
17.3
19.6
21.8
24.3
259.1
278.7
2/
3.1
3.2
22.8
23.9
8.5
9.5
24.9
27.0
128.2
136.6
59.1
64.1
29.1
30.7
11.6
12.2
18.5
21.2
22.7
24.0
202.6
232.1
Dec
52.2
59.9
Foreign
and international
2.2
7.1
8.2
7.1
7.6
2.2
2.3
2.6
6.2
77.0
112.5
Deo.
19i3-June.
State
and
Corporalocal
tions 6/
3.1
16.1
17.3
55.3
64.3
Mutual
sav-
Other
15.9
1941- June.
Savings bonds
2.6
2.8
7.5
7.8
3.4
4.2
7.6
8.2
8.7
4.9
10.1
1.0
12.9
16.4
1.5
2.1
7.3
8.3
20.2
21.4
3.2
4.3
1.4
1.7
9.6
10.7
23.3
22.2
5.3
6.5
2.0
2.4
.9
1946-Feb. 2/June ....
Dec
279.8
269.9
259.5
93.8
84.4
74.5
22.9
23.8
23.3
28.0
29.1
30.9
135.1
132.6
130.7
64.1
63.3
64.2
30.8
30.4
30.3
12.5
13.1
13.9
20.8
19.9
20.1
24.4
24.9
24.9
11.1
11.5
11.8
19.9
17.8
15.3
6.7
6.5
6.3
2.4
2.2
2.1
19i7-June....
Dec
258.4
257.0
70.0
21.9
22.6
32.8
34.4
133.7
131.3
66.6
65.7
30.8
31.0
14.7
15.2
21.1
19.4
24.6
23.9
12.1
13.7
12.
U.l
7.1
7.3
3.4
2.7
1948- June
252.4
252.9
21.4
23.3
35.8
37.3
130.7
129.7
65.8
65.5
31.6
32.2
15.5
15.6
18.6
17.6
22.8
21.2
12.0
11.5
13.6
14.8
7.8
7.9
252.8
257.2
19.3
18.9
38.3
39.4
132.2
132.1
66.6
66.3
33.1
33.8
17.8
17.0
20.5
20.1
11.6
11.4
15.8
16.8
19.8
18.7
11.6
10.9
18.4
19.7
10.2
9.8
20.1
20.7
Dec
1949-June
Dec
1950-June ....
Dec
Dec.
1959-June.
Dec.
I960- June...
Dec .
.
.
1961-Jan
Feb
Mar
Apr
May
June
July
Aug
Sept...
Oct
Nov
. .
.
.
.
.
.
.
.
.
.
.
.
Dec
1962- Jan
Feb
Mar
Apr
May
. . .
. , .
June .
July. .
Aug. . .
Sept p.
.
17.6
16.7
14.6
14.4
16.3
15.5
61.1
63.4
22.9
24.7
44.3
45.9
130.8
133.4
64.8
65.2
34.9
35.3
U.l
13.8
15.7
16.0
15.7
16.0
9.6
9.5
18.8
19.9
58.8
47.6
48.3
135.0
137.3
66.1
63.7
2A.7
25.9
64.8
36.0
36.7
13.2
12.7
16.8
15.4
16.0
15.9
9.5
9.2
18.6
21.5
12.0
12.7
5.7
5.9
63.6
69.2
25.0
24.9
49.3
49.6
133.3
135.1
64.7
63.4
37.5
38.2
16.6
19.2
13.9
6.0
6.3
63.5
62.0
23.6
24.8
50.5
51.7
136.7
39.3
H2.3
65.0
64.7
57.3
59.5
23.8
24.9
53.5
54.0
138.3
138.2
66.2
65.5
56.2
59.5
23.0
24.2
55.6
55.2
135.9
136.1
65.3
67.5
25.4
26.3
55.9
54.4
129.9
134.8
284.8
290.9
1958- June.
15.4
15.1
34.5
34.7
276.4
283.0
.
34.5
34.5
65.4
64.6
270.6
275.0
Dec.
1956- June.
67.4
66.3
132.9
131.8
272.3
276.7
Dec.
1955-June.
135.6
134.9
41.0
42.3
274.4
280.8
1954- June.
37.8
39.2
23.0
23.8
271.3
278.8
Dec
18.3
20.8
58.4
61.6
266.1
275.2
Dec
1953-June
65.6
61.8
259.2
267.4
Dec
1952- June
257.4
256.7
255.3
259.5
Dec
1951-June
61.5
60.3
26.0
26.6
54.6
53.7
142.6
150.3
42.6
42.4
18.3
22.1
286-5
290.4
55.3
62.1
26.5
27.4
55.3
55.1
149.3
145.8
68.2
65.4
42.5
42.9
290.2
290.7
287.7
288.2
290.4
289.2
292.6
294.0
294.0
296.0
297.3
296.5
296.9
297.4
296.5
297.4
299.6
298.6
298.3
302.3
300.0
62.7
61.9
59.7
61.7
62.1
62.5
65.5
65.1
66.6
67.3
66.9
67.2
67.8
66.6
64.0
65.3
65.2
65.0
64.5
64.5
64.6
26.6
26.7
26.7
26.8
26.9
27.3
27.4
27.7
27.8
28.3
29.2
28.9
28.5
28.4
29.1
29.2
29.6
29.7
29.8
30.4
29.8
54.6
54.5
54.9
54.0
55.5
56.1
55.2
56.5
55.9
55.0
55.4
54.5
53.8
54.2
54.5
53.7
55.9
56.5
55.5
57.1
56.4
146.4
147.7
65.5
65.6
65.7
64.7
64.4
64.0
64.5
64.9
65.1
65.2
65.5
65.6
65.8
65.8
66.0
65.8
65.5
43.1
43.2
43.3
43.4
43.5
43.6
43.7
43.8
43.9
U6.4
U5.7
145.8
H3.3
144.5
1U.7
U3.7
U5.4
U5.8
H5.9
146.8
U8.3
U9.0
H9.1
148.8
147.6
148.5
150.4
149.1
3.5
4.3
9.4
9.6
4.2
4.3
4.7
5.3
15.1
13.5
15.4
15.3
14.8
40.1
10.9
10.2
U.5
15.0
14.6
8.7
8.5
18.8
23.5
15.4
6.8
7.5
40.9
41.4
9.4
8.7
15.9
15.4
13.6
13.2
8.4
8.0
17.7
19.1
16.1
16.3
7.9
7.8
65.6
64.0
41.5
41.6
7.6
6.6
16.5
15.8
12.7
12.5
7.9
7.6
16.8
18.6
16.8
16.6
7.6
7.6
63.7
63.0
42.1
42.5
5.9
5.2
15.7
15.3
12.2
12.7
7.4
7.3
14.8
18.8
16.3
16.5
7.3
6.9
20.8
22.8
16.9
18.0
10.1
12.0
22.5
19.8
12.0
11.9
6.6
6.3
19.9
18.8
18.2
12.3
13.0
2.7
2.7
2.6
2.6
2.5
2.5
2.4
2.4
2.4
2.4
2.4
2.2
19.7
19.7
19.8
18.8
18.4
18.0
18.4
18.7
18.8
18.9
19.0
19.2
11.9
11.8
11.7
11.6
11.6
11.4
11.5
11.5
11.5
11.6
11.5
11.4
6.3
6.4
6.6
6.3
6.3
6.3
6.3
6.3
6.3
6.2
6.2
6.1
18.3
18.5
18.7
18.5
18.5
18.7
18.7
18.6
18.5
18.4
18.2
18.3
13.0
13.0
13.1
12.7
12.6
12.7
12.7
12.6
12.8
12.9
13.1
13.4
2.2
2.2
2.1
2.1
19.2
19.2
19.4
19.2
18.9
18. 9r
19.0
19.1
19.1
11.6
11.5
11.5
11.5
11.5
11.3
11.5
11.5
11.4
6.2
6.3
6.6
6.3
6.3
6.3
6.3
6.3
6.3
18.6
18.8
19.1
19.2
19.3
19.4
19.6
19.6
19.4
12.9
13.0
13.6
13.3
13.5
14.1
65. 6r
65.8
65.9
65.9
U.O
44.1
U.2
U.4
U.4
U.5
U.5
2.0
2.0
2.0
2.0
2.0
44.6
44.6
44.7
44.8
44.9
Source:
Office of Debt Analysis in the Office of the Secretary.
1/ United States savings bonds, Series A-F and J, are included at
current redemption value.
2/ Securities issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treasury.
2/ Consists of commercial banks, trust companies, and stock savings banks
in the United States and in Territories and island possessions.
Figures exclude securities held In trust departments
^
^
6/
7/
8/
2/
20.3
21.4
19.7
20.8
21.4
19.7
19.8
20.0
18.6
19.5
20.3
19.4
20.4
21.4
20.2
20.4
20.8
19. 3r
20.0
21.1
19.0
U.4
U.7
M.2
M.6
15.2
Includes partnerships and personal trust accounts
Discontinued series. See savings bonds tables.
Exclusive of banks and insurance companies.
Consists of the Investments of foreign balances and international
accounts in the Onited States.
Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers.
Immediate postwar debt peak.
Preliminary.
Revised.
p
r
November 1962
67
.TREASURY SUKTEY OF OWNERSHIP, SEPTEMBER 30, 1962
The monthly Treasury Survey of Ownership covers secu-
corporations and savings and loan associations In the Sep-
rities Issued by the United States Oovernment and by Fed-
tember i960 Bulletin, and for State and local governments
eral agencies.
The bainks and Insurance companies Included
In the Survey currently account for about 90 percent of all
such securities held by these Institutions.
The similar
proportion for coiT>oratlons and for savings and loan associations Is 50 percent, and for State and local governments,
60 percent.
Data were first published for banks and In-
surance companies In the May
Section
I
19'*^!
-
In the February 1962 Bulletin.
Holdings by commercial banks distributed according to
Federal Reserve member bank classes and nonmember banks are
published for June 30 an'^ December 31. Holdings by corporate pension trust funds are published quarterly, first
appearing In the March
195''^
Bulletin.
Treasury Bulletin, for
Securities leeued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
.
.
Treasury Bulletin
68
.TBEASDEI
SUWEY OF CWNERSHIP, SEPTEMBER
30, 1962,
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Insurance companies
Total
amount
6,181
commeroutstand- cial
ing
banks
2/ 2/
State and
local governments
508
mutual
savings
banks
2/
301
life
511 fire,
casualty,
and
marine
savings
and loan
associations
U. S. Government investment accounts
pension
and Federal
and
retirement Reserve Banks
funds
185
296
general
funds
Treasury bills:
Regular weekly:
Oct.
Jan.
1962 - Dec. 1962.
1963 - Mar. 1963.
Oct.
Jan.
2,784
1,169
1,950
474
263
369
489
510
155
118
152
229
127
134
322
42,236
i,850
4,609
3,094
5,719
5,279
6,851
936
1,276
59
241
425
208
210
244
17,849
3,172
117
1,143
6,082
1,487
2,257
1,183
3,035
3,011
3,893
4,933
2,316
5,019
4,195
2,113
3,114
4,454
5,281
590
357
200
579
1,008
612
1,040
434
1,362
964
2,050
556
322
2,033
763
664
2,176
1,649
3,378
168
176
266
218
255
227
181
283
205
96
58,104
21,666
25,113
9,109
1962..
1963..
1963..
1963..
2,003
2,001
2,001
2,004
Total Treasury bills.
193
26
3,854
1,365
Other:
Apr..
July
Certificates of indebtedness:
1963-A.
3-1/2)8 Feb.
1963-B.
May
3-1/4
Aug.
1963-C.
3-1/2
Total certificates of indebtedness
960
136
Treasury notes:
3-3/456
3-1/4
2-5/8
3-1/4
4
3-1/4
4-7/8
3-3/4
4-3/4
5
3-3/4
4-7/8
4-5/8
3-5/8
4
3-3/4
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
Nov.
Nov.
Feb.
Feb.
May
Hay
Nov.
May
May
Aug.
Aug.
Nov.
May
Feb.
Aug.
Aug.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
1962-C..
1962-H.
1963-A.
1963-E.
1963-B.
1963-D.
1963-C..
1964-D.
1964- A.
1964-B.
1%4-E.
1964-C..
1965-A.
1966-B.
1966-A.
1967-A.
1962-EO.
1963-EA.
1963-EO.
1964-EA.
1964-EO.
1965-EA.
1965-EO.
1966-EA.
1%6-EO.
1967-EA.
Total Treasury notes.
533
506
457
490
466
315
675
235
268
198
72
U5
89
160
75
24
32
28
49
153
47
85
43
118
146
146
281
178
110
63
1,231
1,327
Treasury bonds:
2-l/4!6
2-3/4
2-1/2
2-1/2
2-1/2
3
2-1/2
2-1/2
2-5/8
2-1/2
2-1/2
3-3/4
3
3-3/8
2-1/2
2-1/2
3-5/8
2-1/2
3-7/8
3-3/4
3-7/8
4
3-7/8
4-1/4
3-1/4
Dec.
Dec.
June
Aug.
Dec.
Feb.
June
Dec.
Feb.
Mar.
Mar.
May
Aug.
Nov.
June
Sept.
Nov.
Dec.
May
Aug.
Feb.
Oct.
Aug.
Nov.
Aug.
Nov.
May
June
1959-62
1960-65 12/.
1962-67
1963
1963-68
1964
1964-69
1964-69
1965
1965-70
1966-71
1966
1%6
1966
1967-72
1967-72
1967
1967-72
1968
1968
1969
1969
1971
1971
1972
1974
1975-85
1978-83
2,269
1,485
1,462
4,317
1,816
2,700
2,634
2,551
4,682
2,424
1,412
3,597
1,484
2,438
1,331
1,952
3,604
2,821
2,460
1,258
1,844
2,538
2,806
1,204
2,579
1,171
470
1,593
722
1,333
627
2,238
623
1,470
678
612
2,575
366
136
1,948
64
33
156
25
384
262
33
175
118
116
105
122
30
155
122
100
23
98
198
167
49
150
119
218
129
84
28
310
17
825
1,237
142
1,003
1,279
158
727
740
1,160
688
1,299
516
941
30
40
101
111
82
104
39
83
159
127
67
146
45
126
106
134
99
92
169
44
Held by
all
other
investors
^
November 1962
69
.TREASUEZ SUEVEY OF CMNERSHIP, SEPTEMBER 30, 1962
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Par values - in millions of dollars)
70
Treasury Bulletin
November 1962
MARKET QUOTATIONS ON TREASURY SECURITIES, OCTOBER 31, 1962
Current market quotations shown here are over-thecounter closing bid quotations In the New York market
for the last trading day of the month, as reported to
the Treasury by the Federal Reserve Bank of New York.
The securities listed Include all regularly quoted public
marketable securities Issued by the United States Government.
Outstanding Issues which are guaranteed by the
United States Government are excluded because they are
not regularly quoted In the market.
)
Treasury Balletin
72
MARKET QUOTATIONS ON TREASURY SECURITIES, OCTOBER 31, 1962
Table 4.-Taxable Treasury Bonds
(Price declmala are 32nd a
Amount
November 1962
73
MARKET QUOTATIONS ON TREASURY SECURITIES, OCTOBER 31, 1962
a:
00 UJ
,
.
.
,
.
..
.
Treasury Bulletin
7*^
.AYERPCE YIELDS OF LONG-TEIM BONDS.
Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)
Treasury
bonds 1/
Moody's A
corporate
bonds
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
calendar year averages of monthly series
2.31
2.32
2.66
2.62
2.86
2.96
3.20
2.90
3.06
2.46
2.47
2.48
2.37
2.19
2.25
2.44
1942
1943
1944
1945
1946
1947
1948
2.83
2.73
2.72
2.62
2.53
2.61
2.82
1949.
1950.
1951.
1952.
1953.
1954.
1955.
2.97 2/
3.11
3.13
3.02
3.02
2.98
2.83
2.86
2.79 2/
3.23
3.34
3.40
3.28
3.24
3.29
3.16
3.11
1956- July
August ....
September.
October. .
November.
December.
3.00
3.17
3.21
3.20
3.30
3.40
3.28
3.43
3.56
3.59
3.69
3.75
1957- January. .
February.
3.34
3.22
3.26
3.77
3.67
3.66
3.67
3.74
3.91
3.99
4.10
4.12
4.10
4.08
3.81
2.94
2.55
2.84
1956.
1957.
1958.
1959.
1960.
1961.
3.47
3.43
4.02
3.90
Monthly series - averages of daily series
1953-April
May
June
July
A\igust .
.
September
October,
November.
December.
1954-January.
February.
March. . .
April. . .
May
June
July
August .
September
October.
November
December.
.
1955-January.
February.
March. . .
April. . .
3.06
2.95
2.53
2.48
2.54
2.55 1/
2.47
2.48
2.52
2.54
2.57
2.59 2/
June
July
August . .
September
October.
November.
Dec ember
2.68 2/
2.78
2.78 2/
2.82
2.81
2.82
2.91
2.95
2.92
2.87
2.89
2.91
1956-January.
February.
March. ..
April. . .
2.85
2.93 i/
3.07
May
May
June
2.97
2.03
March
April
May
3.32
3.40
3.58 2/
June
July
Aiigust ....
2.90
2.89
2.87
2.89
2.87
2.89
2.90
2.93
2.99
3.02
3.01
3.04
3.05
3.06
3.11
3.13
3.10
3.10
3.15
3.11
3.08
3.10
3.24
3.28
3.27
September.
October. .
November.
December.
1958-January.
,
Febrxiary.
March
April
May
June
July
August . . .
September.
October. ..
November.
December.
1959- January. .
February.
March
April
May
June
July
Au^rust ....
September.
3.60
3.63
3.66 2/ 2/
3.73
3.57 2/
3.30 2/
3.24 2/
3.28
3.25
3.12
3.U
3.20 2/
3.36
3.60
3.75
3.76
3.70
3.80
3.91 2/
3.92
3.92
4.01
4.08
4.09
4.11
4.10
4.26
3.60
3.59
3.63
3.60
3.57
3.57
3.67
3.85
4.09
4.11
4.09
4.12
4.14
4.13
4.23
4.37
4.46
4.47
4.43
4.52
1959-October...
November.
December.
4.11 2/
1960-January. .
February.
4.37
4.22
4.08
4.18 2/
4.16
3.98
March
April
May
Jime
July
August
September.
October.
November.
December.
.
1961-January.
February.
.
March
April
May
Jiine
July
August ....
September.
October. ..
November
December.
.
1962-January. .
February.
March
April
May
Juj^e
July
August ....
September,
October.
.
4.27
3.86
3.79
3.84 2/
3.91
3.93
3.88
3.89
3.81
3.78
3.80
3.73
3.88
3.90
4.00
4.02
3.98
3.98
4.06
4
November 1962
75
AVKRAGE YIELDS OF LONG-TERM BONDS.
^
^
,.
76
Treasury Bulletin
MONETARY STATISTICS.
Table 1.- Money In Circulation
(In millions of dollars except per capita figures)
Paper money
End of fiscal
year or month
1955
1956
Total
money in
circulation 1/
30,229
30,715
31,082
31,172
Total
paper
money
Gold
certificates
Silver
certificates
Treasury
notes of
1890
2/
United
States
notes
Federal
Reserve
notes
9U
28,372
23,767
29,040
29,071
29,699
2,170
2,148
2,162
2,200
2,155
319
318
321
317
316
25,618
26,055
26,329
26,342
27,029
32,065
32,405
33,770
29,726
29,943
31,117
2,127
2,094
2,009
318
318
318
27,094
27,353
28,622
32,77i4
32,880
33,018
30,222
30,319
30,438
1,974
1,969
2,013
306
310
314
27,771
27,869
27,941
June
33,159
33,518
33,770
30,547
30,881
31,117
2,030
2,035
2,009
316
320
318
28,033
28,358
28,622
July
August. .
September
33,869
33,932 2/
33,893
31,197
31,245
31,192
1,980
1,945
1,943 1/
317
318
316
28,734
28,842
28,792 6/
1957
1958
1959
31,
1960
1961
1962
1961-Dec ember.
1962- January.
February.
March. . .
April
May
31,336
28,731
20
V
Bank
notes
163
147
133
120
110
100
92
85
National
bank
notes
November 1962
77
MONETARY STATISTICS
,
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
Silver
($1.29+ per
fine ounce)
Gold
End of fiscal
year or month
($35 per
fine ounce)
Ratio of silver to
gold and silver in
monetary stocks
(in percent
1957
1958
1959
21,677.6
21,799.1
22,622.9
21,356.2
19,704.6 1/
3,922.4
3,994.5
4,116.6
4,306.0
4,4U.l
15.3
15.5
15.4
16.8
18.3
1960
1961
1962
19,322.2
17,550.2
16,435.2
4,394.5
4,346.5
4,317.4
20.8
16,815.1
16,789.6
16,608.4
4,307.6
4,312.6
4,312.3
20.4
20.4
20.6
16,494.5
16,434.4
16,435.2
4,312.0
4,315.1
4,317.4
20.7
20.8
20.8
16,147.4
16,097.6
16,067.4
4,317.2
4,316.8
4,317.2
21.1
21.2
21.2
1955
1956
18.5
19.9
1961-December.
1962-January..
February.
March. . .
April.
. .
May
June
July
August .
September
.
Circulation Statement of United States Money,
Source;
silver monetary stock see Table 4.
1/
For detail of
See Table 3, footnote 3.
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
End of calendar year or month
Gold assets
1/
Liabilities;
Gold certificates,
etc.
2/
Balance of gold in
Treasurer's account
21,199.1
21,458.3
22,272.9
20,138.2
19,350.5
491.2
491.2
508.1
396.1
105.4
17,766.6
16,889.0
17,665.6
16,771.2
101.0
117.8
16,815.1
16,789.6
16,608.4
16,698.0
16,685.7
16,492.1
117.1
103.9
116.3
16,494.5
16,434.4
16,435.2
16,377.8
16,313.8
16,314.1
116.7
120.6
121.2
16,147.4
16,097.6
16,067.4
16,027.3
15,972.9
15,952.2
120.2
124.7
115.1
1955
1956
1957
1958
1959
21,690.4
21,949.5
22,781.0
20,534.3
19,455.9
1960
1961
1962-January.
February.
Btorch,
. .
April.
. .
May
June
July
Augxist...
September
Circulation Statement of United States Money.
Source:
1/ Treasury gold stock; does not include gold in Exchange Stabilization
Fund. See "International Financial Statistics," Table 1.
2/ Comprises (1) gold certificates held by the public and in Federal
Reserve Banks; (2) gold certificate credits in (a) the gold
certificate fund - Board of Governors, Federal Reserve System, and
(b) the redemption fund - Federal Reserve notes; and (3) reserve
2/
2/
of $156.0 million against United States notes and through June 30,
1961, Treasury notes of 1890.
The United States payment of the $343.8 million increase in its
gold subscription to the International Monetary Fund, authorized
by the act approved June 17, 1959 (22 U.S.C. 286e) was made on
June 23, 1959 (see "Budget Receipts and Expenditures," Table 3,
footnote 13).
.
Treasury Bulletin
78
MONETARY STATISTICS
Table 4.- Components of Sliver Monetary Stock
(In millions of dollars)
Silver held in Treasury
Securing silver certificates 1/
In Treasurer's account
End of calendar
year or month
Silver
bullion
2/
Silver
dollars
Subsidiary
November 1962
.
Treasury Bulletin
so
.
lOTERNATIONAL FINANCIAL STATISTICS.
Table 1.- U. S. Gold Stock, and Holdings of Convertible Foreign
Currencies by U. S. Monetary Authorities
(In millions of dollars)
End of calendar
year or month
Total
gold stock
and foreign
currency
holdings
Gold stock
1/
Treasury
Total
2/
Foreign
currency
holdings 1/
1953
1954
1955
1956
1957
22,091
21,793
21,753
22,058
22,857
22,030
21,713
21,690
21,949
22,781
22,091
21,793
21,753
22,058
22,857
1958
1959
1960
1961
20,582
19,507
17,804
17,063
20,534
19,456
17,767
16,889
20,582
19,507
17,804
16,947
16,963
16,948
16,873
16,815
16,790
16,608
16,847
16,795
16,643
230
16,762
16,718
17,081
16,495
16,434
16,435
16,519
16,458
16,527
243
260
554
July
August.,
September
16,678
16,562
16,531
16,1A7
16,098
16,067
16,182
16,139
16,081
496
423
450
October p.
16,364
1962- January, ,
February.
March
April
May
June
.
Note:
1/
The United States also has certain drawing rights on the International Monetary Fund, in which the United States has a quota of
In accordance with Fund policies, these drawing
$4,125 million.
rights include the right to draw virtually automatically an amount
equal to the sum of the United States gold subscription to the Fund
($1,031,2 million) and the Fund's net use of dollars; on October 31,
1962, these two amounts totaled $1,071.7 million.
Under appropriate
circumstances the United States could draw an additional amount equal
to the United States quota,
Includes gold sold to the United States by the International Monetary
2/
j/
p
116
153
Fund with the right of repurchase, the proceeds of which are invested
by the Fund in U, S, Government securities; as of October 31, 1962,
this amounted to $800 million.
Includes gold in Exchange Stabilization Fund, which is not included
in Treasury gold figures shown in "Circulation Statement of United
States Money," See "Monetary Statistics," Table 3.
Includes holdings of Treasury and Federal Reserve System.
Preliminary.
November 1962
81
.CAPITAL MDVBffiNTS.
Data relating to capital moveraents between the United
States and foreign countries have been col]ecte<5 since
1935. pursuant to Executive Order 6560 of January I5, 193't,
Executive Order IOO33 of February
S,
regulations promulgated thereunder.
I9U9,
and Treasury
Information on the
principal types of data and the principal countries Is reported monthly, and Is published regularly In the "Treasury
frequently.
Supplementary Information Is published less
Reports by banka, bankers, securities brokers
and dealers,
and Industrial and comircerclal concerns In the
Bulletin."
United States are made Initially to the Federal Reserve
Banks,
which forward consolidated figures tc the Treasury.
Beginning April
195*^1
data reported by banks In the Terri-
will be exactly comparable to those now presented.
The first three sections which follow are published
monthly.
They provide summaries, by periods and by coun-
tries, of data on short-term banking liabilities to and
claims on foreigners and transactions In long-term securities by foreigners, and present detailed breakdowns of the
latest available preliminary data.
Section IV provides supplementary data In six tables
which appear at less frequent Intenrals.
Table
1,
short-
term foreign liabilities and claims reported by norif Inanclal concerns,
August,
Is published quarterly In the February,
and November Issues of the Bulletin.
May,
Table
2,
tories and possessions of the United States are Included
long-term foreign liabilities and claims reported by banks
In the published data.
and bankers,
and Table
3,
estimated gold reserves and
dollar holdings of foreign countries and International
The term "foreigner" as used In these reports covers
all
Institutions and Individuals domiciled outside the
United States and Its Territories and possessions, the
official Institutions of foreign countries, wherever
such Institutions may be located,
izations.
and International organ-
"Short-term" refers to original maturities of
and "long-term" refers to all other
A detailed discussion of the reporting cov-
one year or less,
maturities.
erage,
statistical presentation, and definitions appeared
In the June 195'^ Issue of the "Treasury Bulletin,
lt-5-'t-7.
"
pages
As a result of changes in presentation Introduced
In that Issue,
Institutions, are published quarterly In the March, June,
September, and December Issues.
Table
^,
foreign credit
and debit balances In brokerage accounts, appears semi-
annually In the March and September Issues. Table 5.
short-term liabilities to foreigners In countries and
areas not regularly reported separately by banking Institutions,
Is presented annually,
appearing In the April
Issue through 195S and In the March Issue thereafter.
Table 6, purchases and sales of long-term securities by
foreigners during the preceding calendar year, also appears
annually, beginning with the May 1959 Issue.
not all breakdowns previously published
Section I - Summary by Periods
Table 1.- Net Capital Movement Between the United States and Foreign Countries
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
.
82
Treasury Bulletin
CAPITAL MOVMENTS
,
Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Position at end of period in millions of dollars)
Short-term claims on foreigners
Short-term liabilities to foreigners
Payable in dollars
End of calendar
year or month
Foreign
official
Other
foreign
2,244.4
3,320.3
3,335.2
4,179.3
3,043.9
1,832.1
2,836.3
2,908.1
3,620.3
3,547.6
4,654.2
5,666.9
6,770.1
6,952.8
3,045.4 1/
7,916.6 1/
8,664.9
9,154.3
10,326.9
10,927.3
1,947.1
2,036.7
2,239.9
2,678.2
2,922.0
2,972.7
2,947.0
3,001.0
3,451.7
4,041.2
4,245.6
4,308.4
4,335.4
4,726.5
5,392.8 1/
5,665.3 1/
5,890.3
6,999.1
6,934.4
7,669.5
22,495.1
22,792.4
23,207.2
10.-215.0
May
23,388.4
23,555.4
June
24, 112. It
10,217.2
10,435.0
11, 221. It
June 2/
July
24,221. Or
23,793.9r
24,335. Ir
24,708.5
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
4,205.4
5,374.9
5,596.3
6,833.1
6,480.3
7,116.4
7,718.0
7,618.0
8,644.8
9,302.2
10,546.1
11,648.4
12,918.6
13,600.7
U,939.1
15,158.3
16,159.1
19,388.7
21,329.3
22,551.0
1962- January. .
February.
.
.
March
April
Axjgust p...
September p
1/
2/
10,056.5
10,428.4
11,221. Ir
10,796.2r
11,063.5
11,601.2
International
Payable in dollars
Payable in
foreign
currencies
Loans to
foreign banks
Other
Payable in
foreign currencies
473.7
2,262.0
1,864.3
1,657.3
1,527.8
1,641.1
1,584.9
1,629.4
1,769.9
1,881.1
1,452.1
1,517.3
1,544.0
3,158.1
3,954.9
3,803.8
13.9
17.9
21.6
25.5
40.6
49.7
70.4
51.0
44.9
72.2
61.4
43.7
43.2
40.3
48.3
59.0
59.4
77.2
113.1
150.4
246.7
257.9
329.7
392.8
703.3
948.9
1,018.7
327.9
393.0
968.4
1,048.7
904.5
1,336.5
1,543.5
1,945.7
2,199.4
2,542.0
2,624.0
3,614.2
4,700.1
72.0
86.4
105.4
100.3
319.6
292.9
361.2
222.7
151.1
177.2
122.9
156.5
206.5
328.1
405.4
385.5
439.4
497.6
524.3
143.7
137.2
169.7
245.0
290.5
490.6
557.1
494.3
506.3
699.4
847.5
646.5
969.0
1,056.5
1,390.8
1,666.5
1,904.9
1,909.2
2,610.3
3,415.1
30.9
34.4
54.6
47.5
93.1
165.4
100.4
110.3
240.6
91.8
78.4
101.6
211.0
163.9
149.6
8,303.7
8,457.9
8,189.9
3,815.1
4,126.0
4,405.1
161.3
152.1
183.9
4,570.3
4,688.3
4,371.4r
659.6
697.0
798.7
3,453.0
3,548.7
3,599.8
457.7
442.7
8,359.5
8,145.7r
4,503.4
4,593.5
4,568.5r
181.2
167.3
176.8
4,351. 9r
4,836.3
804.8
845.0
824.2
3,538.5
3,481.2
3,475.0
453. 6r
510.2
8,254.6r
7,967. 8r
8,011.7r
7,921.3
4,568.5r
4,850.2r
5,008.8
4,932.2
176.8
179.7
246.1
253.9
4,835. 5r
4,829.2r
4,778.6r
4,767.2
334. 4r
827. 7r
820. Ir
3, 520. Or
481. Lr
490. It
453. 3r
Beginning in August 1956 and again in April 1957, certain accounts
previously classified as "Other foreign" are included in "Foreign
official."
Differs from June data on the preceding line by inclusion of
liabilities and claims reported by banks Initially Included as of
June 30, 1962.
^
p
r
4,777.8
y
801.6
3,511.4r
3,505.2r
3,469.7
U7.3
197.7
217.2
479.6
585.6
472. 9r
478.7
495.9
Includes $149.9 million representing reported liabilities to foreign
official institutions,
Preliminary,
Revised.
November 1962
83
CAPITAL MOVMENTS
Section I - Summary by Periods
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(I" millions of dollars; negative figures Indicate a net outflow of capital from the United States)
Calendar
year or
S.
Purchases
3%. 3
1935-41...
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
164.2
241.3
513.6
377.7
414.5
344.8
282.4
430.0
1,236.4
673. S
533.7
646.0
800.9
1,341.1
883.4
666.1
1,223.9
1,216.9
1,729.6
1,743.7
1962-Jan..
Feb..
Mar..
Apr,
May..
June.
July.
30.2
143.6
142.3
104.0
122.2
108.1
Aug p
135.2
326.6
U5.6
Sept.
1/
2/
Corporate and other
Government bonds
and notes i/
U,
y
Bonds
Net
purcha ses
Sales
492.4 2/
138.5
170.6
268.2
393.4
684.2
283.3
330.3
333.6
294.3
1,356.6
231.4
728.0
792.7
812.1
1,018.3
718.3
1,187.6
528.0
1,603.0
1,231.5
Purchases
-95.7 2/
25.7
70.7
245.3
-15.7
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
Sales
Net
K
^,
^,
^,
K
K
2/
K
2/
107.7
120.0
200.1
212.8
289.7
324.7
287.1
310.2
361.4
368.8
442.4
316.9
2/
-.6
-21.6
11.7
15.3
6.1
28.7
35.3
51.3
17.3
72.6
50.1
-99.2
108.3
141.6
188.5
197.4
283.6
296.0
251.8
258.9
344.0
296.2
392.3
416.1
20.1
20.5
42.5
42.5
23.0
30.9
17.7
19.5
18.1
37.5
26.7
28.4
41.1
24.7
30.2
31.1
19.9
-17.4
-6.2
Sales
841.6 J/
75.5
194.6
171.4
357.7
432.1
376.7
-1.7
.7
5M.1
375.3
664.0
619.5
649.2
533.9
980.2
1,433.7
1,363.5
1,163.8
1,453.6
1,861.5
1,774.8
2,744.6
236.9
217.2
225.7
190.3
262.7
2U.1
U.2
1.3
-13.4
150. 5r
U3.3
24.3
106.9
Through 1949 includes transactions in corporate bonds.
Through 1949 included with transactions in U. S. Government bonds
notes
2/
Total
purchases
Net
pure has
Purchases
430.2 3/
96.4
151.6
136.9
260.2
367.6
226.1
369.7
354.1
666.9
739.8
650.2
589.1
1,115.1
1,561.2
1,619.5
1,306.4
1,397.3
2,224.4
1,976.5
3,067.3
pxirchases
K
-27.8
-125.2
-129.5
-36.4
-176.4
-27.6
26.3
-211.3
-7.5
58.0
268.9
271.8
140.4
298.7
135.6
119.3
346.5
334.1
Net pur-
2/
Total
sales
chases of
domestic
securities
9,322.1
260.6
392.9
650.4
637.9
782.1
570.9
652.2
784.1
2,011.1
1,533.3
1,384.0
1,447.9
2,205.7
3,227.0
2,790.0
2,282.8
2,982.5
3,810.1
4,143.5
5,127.8
8,695.3
626.7
46.6
27.8
210.7
-113.1
-334.2
-89.1
-192.2
y
-411.4
20.9
-43.0
-34.6
-97.4
-64.5
-150.6
-lAA.J
-21.2
2.9
120.3
1.0
55.2
135.0
127.5
256.0
U2.6
-56.3
362.9
201.7
322.7
182.8
181.3
205.6
169.8
235.2
279.2
168. 9r
136.2
115.5
54.0
35.8
20.2
20.5
27.6
2M.0
365.2
439.7
751.0
1,116.3
659.9
844.4
708.9
1,066.6
2,117.6
1,069.0
1,459.4
2,056.4
2,541.8
2,633.6
2,141.0
2,985.2
2,685.7
3,770.1
4,392.2
287.2
381.3
410.5
336.8
278.4
476.3
505.7
351.3
558.5
445.0
319. 3r
502.6
473.9
408.0
353.0
-65.1
-18. 4r
313. 8r
298.0
451.6
7.2
-8.6
75.2
944.4
-584.3
3U.9
-11.5
M9.3
685.2
156.4
U1.3
-2.7
1,124.4
378.4
735.7
8.9
-95.6
-95.1
-14.6
-150.5
-92.0
-5.5r
-204.6
-22.3
January 4, 1940, through December 31, 1941; the breakdown between
stocks and bonds is not available for earlier years.
Preliminary.
r
Revised.
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In millions of dollars; negative figures Indicate a net outflow of capital from the United States)
Foreign bonds
Calendar year
or month
1935-41
1942
1943
n.a.
n.a.
446.4
314.3
318.1
755.9
658.7
211.6
321.2
589.2
500.4
495.3
542.5
792.4
693.3
606.5
699.0
889.0
945.6
882.9
801.9
1944
1945
1946
1947
1948
1949
1950
L951
L952
1953
L954
1955
L956
L957
1958
L959
L960
1.961
i962- January.
. .
February.
.
March
April
May
June
July
August p...
September p
Not available.
Foreign stocks
Total
Sales
93.4
106.3
94.6
79. 4r
124. 9r
56.0
64.2
50.0
43.5
n.a.
n.a.
372.2
Net
n.a.
n.a.
225.3
347.3
490.4
634.3
291.4
311.5
74.2
89.0
-29.2
265.5
24.5
-79.8
9.8
710.2
801.0
677.4
621.5
841.3
509.4
991.5
1,392.0
1,915.1
1,457.6
1,445.0
1,262.4
-121.0
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026.1
-512.0
-562.1
-460.4
90.9
159.8
144.8
114.5
301.1
135.7
88.6
64.5
100.1
Net
purchases
purchases
2.5
-53.5
-50.1
-35. It
-176. 3r
-79.7
-24.4
-U.5
-56.6
n.a.
23.3
26.6
37.3
65.2
57.1
81.7
88.8
173.3
272.3
293.9
310.1
393.3
663.6
749.2
592.3
467.2
566.1
509.1
595.7
57.8
51.3
57.6
57.3
79.0
70.1
47.9
44.9
43.9
19.8
22.1
54.8
65.6
42.6
96.7
70.8
198.2
348.7
329.6
303.4
644.9
877.9
875.2
621.9
803.7
303.8
591.7
965.6
30.0
87.3
89.8
67.4
73.9
107.7
37.1
40.7
39.5
n.a.
n.a.
3.5
4.5
-17.5
-.4
14.6
-15.0
18.0
-24.4
-76.4
-35.8
6.8
-251.6
-214.3
-126.1
-29.1
-336.4
-237.7
-82.6
-370.0
-22.2
-36.0
-32.2
-10.1
.1
-37.6
10.8
4.1
4.4
ptirchases
4,008.2
220.5
469.6
340.9
355.4
821.2
715.9
293.3
410.1
763.0
772.7
789.1
352.7
1,185.8
1,356.9
1,355.7
1,291.8
1,356.2
1,511.7
1,392.0
1,397.6
151.2
157.6
152.2
136. 7r
203. 9r
126.1
112.1
94.9
87.4
Total
sales
Net purchases
of foreign
securities
3,152.6
227.9
391.9
247.4
402.1
556.1
676.8
383.2
382.3
908.4
855.5
-7.4
77.7
93.5
-46.6
265.1
39.0
-94.8
27.8
-145.4
1,U9.7
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
1,007.0
924.9
1,486.1
1,387.3
1,866.8
2,014.0
2,718.8
2,261.5
2,036.7
2,228.0
171.0
247.1
234.6
181.8
380.0
243.4
125.7
105.3
139.6
-1,362.5
-749.7
-644.7
-830.4
-19.7
-89.5
-82.4
-45. Ir
-176. 2r
-117.3
-13.6
-10.4
-52.1
1
)
Sh
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
V
(Position at end of period in millions of dollars)
1962
Country
June
Europe:
Austria
Belgium
Czechoslovakia
Denmark
411.2
115.1
.6
Finland
France
Germany, Federal Republic of
Greece
Italy
Netherlands
Norway
Poland
Portuga
Rumania
Spain
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Yugoslavia
Other Europe .
. .
-.
Total Europe
168.8
68.8
532.1
1,754.7
126.3
1,120.8
338.7
129.6
4.9
163.0
.9
36.2
303.4
851.9
20.1
2.2
872.9
9.5
676.1
7,707.9
Canada
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
Panama , Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
149.8
22.2
138.1
100.0
168.8
286.5
39.7
41.6
418.2
79.4
146.3
77.1
26.2
82.4
494.1
133.0
Total Latin America
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt
All other
Total other countries
International
Grand total
36.0
61.6
77.3
108.4
42.7
55.9
935.1
145.5
176.3
98.7
133.3
334.6
2,205.3
78.9
29.8
29.6
16.2
124.9
g/
July
2/
August p 2/ Sept. p
[i
November 1962
83
.CAPITAL MOVatENTS,
Section II - Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners!/
(Position at end of period in millions of dollars)
Country
1
S6
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 3.- Net Transactions In Long-Term Domestic Securities by Foreigners
(In thousands of dollars; negative figures Indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
Country
rch
Europe:
Austria
-4
4,661
-1,018
-4,795
Belgium
Czechoslovakia
Denmark
Finland
578
10,113
April
-23
-3,622
678
57,037
200
-34,480
-236
-2,447
France
Germany, Federal Republic of
Greece
Italy
Netherlands
5,235
1,337
-5,715
1,871
-7,645
62,303
22,749
276
6,937
38,327
20,039
19,345
-248
28,099
-3,348
20,696
22,300
-754
13,863
18,507
313
455
-43
-591
1,392
Norvay
Poland
Portuga
Humania
Spain
18,303
-26
24,196
-9
2,415
-17
-517
1,156
-2
10,655
-30,974
-15
6,669
-1
1,617
-11,524
-23,252
139,149
36
92,384
265,643
391
10,428
155,230
223
-345
16,240
-56
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
-^,339
-32,303
4
372
145
July
-133
-307
1,167
58
-2,461
-555
-525
1,572
168
August p
30
-727
-40
4,188
-2,370
439
88
-251
1,918
1,572
431
103
-324
-1,095
-768
-526
90
435
-2,468
3,420
U8
22,750
-57
4,U9
1,535
-65
-231
-483
50
1,739
20,833
102
-511
-6,438
-12,805
17,964
4,430
4
2
3
30,097
17,919
53
7,736
6,270
210
-29,811
13,350
517
3
-12,228
U3,358
41,367
Yugoslavia
Other Europe
-26
-3,624
-2
23,644
-13
-5,230
8,147
Total Europe
-40,197
745,282
198,182
234,230
80,696
-81,890
-98,394
-816
161
5,343
913
683
Canada
1,511
454
51,876
16,154
-92,496
41,110
-35,902
385
32
-117
-130
-842
617
29
-4,674r
9,237r
10,313
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
281
-333
-623
-2,601
410
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
Panama , Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
,
,
,
,
,
Total Latin America
-722
-497
1,094
2,594
1,762
62
-68,517
232
1,656
2,561
Cuba
3,385
169
2,U7
-2,276
379
292
1,321
-43,437
1,249
941
-990
3,474
50
182
-56
-107
25,546
19,538
22,425
10,393
-78
-726
-379
-181
-2,533
-1,210
917
2,912
1,449
-256
8,841
-1,227
2,948
533
-265
-838
4,071
-506
8,681
467
-957
-1,141
8,756
198,436
891
-1,549
1
-851
647
-2,471
-46,000
46,785
-10,110
237,193
18,454
1,044
1,156
186
43
9,791
39,839
-1,032
215
-148
37,712
-35,012
131
-79
1,281
981
-74
558
22
505
9
34
5
-1,347
-1,504
-8
-230
58
13
-19
-19
154
4,338
59
15
545
9,5M
U3
575
1,805
420
-635
109
61
291
-32
139
150
204
128
427
-3
36
-35
-3
-36
477
-345
-76
-46
-569
-3
255
-833
136
-1,094
2,211
117
-180
1,161
293
173
-12,516r
965r
-29,899
-2,430
-404
-2,675
164
-239
-3,883
-40,051
-6,843
-10,037
3,046
-10,889
-3,476
-122
85
750
9
3
-161
290
510
-178
279
-19,523
-20,544
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
-403
4,231
-1,389
Israel
Japan
Korea , Republic of
Philippines
Taiwan
91
-572
-2
-1,993
-1,091
58
174
-1,357
Thailand
Other Asia
3,542
-369
23,832
Total Asia
2,704
113
170
13
-9,491
12
1,633
3,503
23
18
5,389
4,507
-36
14
575
98
56
-13
65
14
59
45,733
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt).
All other
58
129
105
-786
Grand total
Preliminary.
Revised.
187
44
18,881
18,834
-17
-37
264
769
-191
-13,331
-37
226
-44
-3
-221
3
-13,339
283,453
-2,703
3
471
10,400
150
-48
Total other countries
International
298
351,383
378,416
-62,107
-95,138
-91,984
-204,574
September p
November 1962
«7
CAPITAL MOVBffiNTS
Section II - Summary by Countries
Table 4.- Net Transactions In Long-Term Foreign Securities by Foreigners
(In thousands of dollars; negative figures Indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of
Greece
Italy
Netherlands
Norway
Poland
Portugal
Rumania
Spain
-18,018
21,299
-3
3,256
5,102
-13 V
7,500
U,385
-13,630
5,021
177
3,282
-U,519
18,912
99,082
-912
7,345
-234,089
-93,465
47,539
-552
-35,375
-32,383
10,325
-41,730
-1,564
26,968
-87,643
-33,391
-31,423
-331
9,073
-74,441
-16,325
-7
3,513
1,449
-6,819
-1,479
24
-26,268
Total Europe
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
5,271
-5,871
-1,642
-31,745
-126
500
5,348
500
-35,339
102
677
113
-46,942
-3,870
-416
-1,185
-4,782
-5,475
-2
-221
2,323
194
-9,470
4,088
-21,880
-640
1,972
9,770
-43
-877
9,439r
-702
1,386
3,949
6,291
520
-610
446
1,776
-2,768
3,209
-43,392
-773
683
-21,354
-24
147
972
-500
4,320
-117,320
-443,009
-442
69
4,979
812
2,421
-92
24
7,804
2,291
2,437
3,154
47
5,864
631
4,168
-7,555
-184
5,775
1,889
-345
-152
-80
-60
12
-5,551
6V,
355
123
2
-53,597
46
-19,262
118
3,492
Venezuela
Other Latin America
Total Latin America
4,8
11,245
-74
-2,059
43
-651
2,193
295
-5,049
-183
23
541
12,766
2,052
-379
418
10,034
-29,405
-289
6,592
346
8,515
8,123
1,594
-318,335
-34,435
-1,760
-1,080
-3,034
688
-26,634
1,261
6,839
-57,270
-543,274
1,790
94
2,297
922
-1,384
-3,599
-134
2,443
1,913
1,321
-4,905
Ur\iguay
-11,994
131
973
1,547
Peru
El Salvador
737
539
-10,643
51,384
336
-13,669
-443
-703
3,532
253
-10,266
Panama, Republic of
3
-18,664
247
-72,072
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
-12
-1,939
-U
-27,801
Yugoslavia
Other Europe
691
92,200
-16
-8,511
-20,784
-587
414
-57
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Canada
197
356
171
123
-91,483
-4
-693
405
187
-327
169
-608
464
-49
215
42
331
-3
3,235
-20,009
-35
-96
42
-1,653
2,697
3,564
442
-50
100
8
-122
29
-1,080
-134
115
1,486
794
7,945
3,807
245
415
13
-127
-502
-741
-103
265
-216
-58,373
36
222
1,035
106
1
-2,590
-2,703
-36,746
-517
-147
-736r
-356r
-1,068
1,148
24
-62
102
-522
-1,108
-17,629
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
28,318
-50
42
1,015
Israel
Japan
Korea, Republic of
Philippines
Taiwan
-46,677
Tha Hand
Other Asia
Total Asia
59
15,283
151
1,513
-15
24
-30
389
-3,169
14
-8
-1,962
-4
-3,432
-130
-4,527
-21,731
-5,284
-3,439
-26,212
-62,047
-50,300
-4,215
-744
-137
-2,586
-12
-34
-40,627 -120,581
598
-50,536
-32,736
-48,113
763
-693
-52
1,782
-370
-955
-29,326
4,939
-44,843
-96,654
-4,031
-3,536
1,336
-2,358
-3,279
-1,992
-54,582
-700
1,879
-3
-185
-27,167
-52
-51
1
553
562
-1,465
-5,307
-5,258
184
301
106
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt)
All other
-22,175
9,067
-356
-5,554
-557,576
-156,583
Total other countries
International
Grand total
p
r
Preliminary,
Revised.
-43,094
-16
8,535
-28,883
816
-103
1,035
-24,381
102
772
-51
2,429
-1,869
-19,441
-296
-85
-23,851
-72,693
584
-22,867
2,855
-121
433
-36,444
-44,434
-16,099
-66,917
621
4
622
-27,870
-147,046
-830,387
-82,354
-21,326r
-10,861
-176,174r
-25,686
8,897
gg
November 1962
CAPITAL MOVEMENTS,
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of September 30, 1962
(Position in thousands of dollars)
~T^
2/
Excludes convertible foreign currencies held by U. S. monetary authorities
Grand total includes $56,644 thousand reported by banks initially included
as of June 30, 1962.
Of this total, claims on Japan amount to $47,910 thousand.
V
90
November 1962
91
CAPITAL MOVMENTS
Section IV - Supplementary Data by Countries
Table 1.- Short-Term Liabilities to and Claims on Foreigners Reported by Nonflnanclal Concerns^
(Position at end of period In thousands of dollars)
Treasury Bulletin
92
CAPITAL MOVIMENTS
,
Section IV - Supplementary Data by Countries
Table 1.- Short-Term Liabilities to and Claims on Foreigners Reported by Nonflnanclal Concerns^
(Position at end of period in thousands of dollars)
First revised series 2/ Second revised series 2/
1960
Fourth revised series 2/
1961
1961
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of....
Greece
Italy
Netherlands
Norway
Poland
Portugal
Rumania
Spa in
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Yugoslavia
Other Europe
642,395
1,343
3,216
4,787
10,836
790
11,773
1,653
43,897
37,124
2,328
30,913
16,451
6,523
129
3,738
23
7,151
25,660
22,586
4,878
845
276,860
2,165
3,004
Total Europe
878,247
514,114
7,556
12,382
807
11,830
1,576
38,747
38,6/i3
2,042
28,213
17,153
6,395
277
3,278
6
10,72/4
26,396
17,800
7,076
392
4,491
34,631
937
4,984
2,053
39,798
67,571
2,510
35,019
21,517
7,133
274
3,378
4,597
4,356
17,120
1,550
5,704
1,741
36,129
74,254
2,383
33,505
23,132
7,485
384
5,838
70
8,995
18,482
15,417
5,465
215
187,183
1,565
2,740
70
52
56
9,754
18,929
19,125
4,916
272
223,844
1,566
1,912
34,848
937
5,362
2,080
40,127
67,958
2,530
35,503
21,817
7,214
289
3,687
28
9,946
18,976
19,164
4,990
272
224,542
1,634
2,966
9,005
19,088
15,556
5,467
215
188,146
1,565
2,970
11,597
19,177
18,262
5,661
299
197,716
1,858
3,997
12,135
20,598
27,812
5,126
178
193,543
2,172
4,036
509,467
453,713
459,7
516,247
560,008
28
524,804
504,642
339,619
Canada
Latin America:
Argent ina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatema la
Mexico
Netherlands Antilles and Surinam
Panama , Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
4,866
11,136
826
11,984
1,777
44,340
40,042
2,427
32 , 370
16,787
6,632
130
3,798
23
7,216
26,361
24,985
4,966
1,017
277,876
2,180
3,065
4,384
17,207
1,550
5,787
1,780
37,041
76,479
2,404
33,943
23,338
7,520
386
5,887
24,885
1,524
6,793
2,284
46,253
77,770
3,091
47,344
28,192
9,686
597
5,201
3,459
26,476
1,563
5,776
2,303
46,427
101,273
3,014
51,366
35,418
9,751
708
6,818
539,539
20,342
3,173
77,822
11,562
11,577
7,889
2,863
3,998
38,923
1,607
7,305
8,552
2,073
3,356
33,555
19,125
24,951
2,633
60,443
13,911
12,873
6,350
2,868
3,814
45,205
2,013
8,556
8,595
2,156
3,873
36,478
22,859
25,818
2,6<0
60,862
14,512
13,530
6,509
2,911
4,069
47,452
2,064
8,830
10,193
2,184
4,029
38,876
23,592
29,195
2,476
73,376
18,121
12,698
5,485
2,495
4,654
42,369
1,723
7,104
10,901
3,062
4,097
35,066
26,546
30,116
2,486
74,439
18,126
12,966
6,214
2,495
4,687
43,963
1,724
7,270
11,840
3,066
4,205
35,602
27,269
30,876
3,033
90,742
16,479
13,997
6,510
2,718
4,504
47,400
1,984
6,256
17,512
2,941
4,444
56,582
43,914
31,597
3,041
91,115
17,054
14,122
6,529
2,772
4,648
49,179
2,078
6,344
17,564
3,115
4,476
57,563
44,915
36,098
2,820
64,403
18,708
13,326
5,170
3,129
4,761
41,330
2,456
9,174
15,913
2,850
4,844
45,777
24,155
36,197
2,613
60,239
21,187
13,122
5,265
3,109
4,515
41,712
2,046
9,071
13,725
2,732
4,073
45,962
29,464
253,722
257,578
268,071
279,368
286,468
349,892
356,112
294,914
295,032
65
74
74
19
3,020
10,649
Taiwan
Thailand
Other Asia
3,281
3,203
17,785
2,901
11,116
2,903
7,249
7,760
55,808
643
7,175
1,671
2,596
17,844
66
3,158
12,837
3,113
7,395
7,721
63,386
1,067
7,222
1,736
2,688
18,681
15
2,725
10,401
4,287
9,050
7,475
51,458
61
3,081
12,757
3,029
7,001
7,633
63,117
1,058
7,172
1,719
2,616
18,001
25
2,310
15,417
1,423
8,480
11,347
53,934
997
8,502
1,455
3,550
20,209
19
2,621
11,091
2,902
7,232
7,741
55,453
640
7,171
1,606
2,525
17,719
4,362
12,238
2,300
7,755
9,692
79,848
1,188
7,515
6,709
2,646
20,289
3,979
15,439
2,506
7,744
10,643
100,405
2,300
5,340
3,002
2,649
22,274
Total Asia
127,689
117,616
120,496
116,720
117,685
127,245
129,070
154,567
176,296
21,614
2,650
6,618
6,666
14,639
19,407
1,903
20,101
1,921
9,191
7,192
12,941
19,416
2,329
11,066
7,196
15,589
19,492
2,329
11,185
7,197
16,186
20,899
2,096
9,550
10,619
18,506
22,093
2,147
9,675
10,636
18,704
24,777
1,777
9,778
9,541
18,424
25,013
2,694
8,158
14,778
13,624
51,346
55,596
56,389
61,670
63,255
64,297
1,645,750
1,664,030
1,637,514
Total Latin America
Asia:
China Ma inland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea , Republic of
Philippines
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt),...
All other
Total other countries
592
8,373
2,912
3,125
17,144
7,133
12,345
52,137
4,288
9,193
7,570
52,312
597
8,524
International
Grand total
1,504,957
1,248,033
1,304,962
(Con.
^'November 1962
93
•
CORPORATIONS AND CKRTAIN OTHER BUSINESS-TYra ACTIVITIES.
The current financial atatemente of corporations and
statements of financial condition are published quarterly
The first
I In the series of tables.
certain other business-type activities of the United States
and appear as Section
Government which appear In the "Treasury Bulletin" beginning
with the August I956 Issue are compiled from reports submitted to the Treasury under Department Circular No. 966,
were presented In the August I956 Bulletin.
flata
under the new regulations are for March 3I, 195^, and
Statements of
Issued January 30, 1956, and Supplement No. 1, Issued June
The regulations so Issued are pursuant to Section
1, 1956.
Income and expense and source and application of funds are
published semiannually, for June 30 and December 3I reporting dates, and appear as Sections II and III. The first of
of the Budget and Accounting Procedures Act of I950
these statements under the new regulations cover the fiscal
and represent another step In the program
year I956, and was published in the January 1957 Bulletin.
Within the sections, the agencies are grouped in separate
tables by type, as follows: public enterprise revolving
funds, intragovernmental revolving funds, certain other
lllJ-
(31 U.3.C. 66b),
of comprehensive and Integrated Government accounting and
financial reporting for which authority was provided In
that act. They supersede Budget-Treasury Regulation No. 3>
Issued under Executive Order No. SJIS of August 13, 19'+0,
as amended by Executive Order No. 9034 of March 3, IjUs,
under which financial statements previously published In
the Bulletin were submitted.
In coverage,
Department Circular No. 966 requires
submission of financial statements by all wholly owned and
mixed-ownership Government corporations specifically Included In the Government Corporation Control Act, as amended
(31 U.S.C. She, S56); and all other activities of the Government operating as revolving funds for which businesstype public enterprise or Intragovernmental fund budgets
are required by the Bureau of the Budget. Other activities
and agencies whose operations, services, or functions are
largely self-liquidating or primarily of a revenue-producing nature, and activities and agencies whose operations
result In the accumulation of substantial Inventories, In-
vestments and other recoverable assets, may be brought
under the regulations as agency accounting systems are
developed to the point where they are capable of furnishing the financial reports required.
activities,
deposit funds,
and trust revolving funds.
added to the coverage by including
all executive agencies and activities not reporting under
Department Circular No. 966, but required only a statement
Supplement No.
1
of financial condition annually as of June 30.
These are
mainly not business-type activities, and those which had
not yet developed formal accounting procedures to provide
complete balance sheet types of statements were authorized
temporarily to report only the asset side. Thus the supplement rounds out provision for the information on properties and assets of the United States Government which the
Treasury has been asked to furnish to the Committee on
Government Operations, House of Representatives, for a
continuing study of the assets of the Government.
The first
comprehensive reporting under Supplement No. 1 is for June
30. 1957i and the data were published in the December 1957
issue of the Bulletin as Part B of Table ^ in Section I.
A summary of loans outstanding for a series of dates
Is Included in Section I of the Bulletin presentation be-
Four kinds of financial statements are called for by
Department Circular No. 966. They are statements of finan-
ginning with the June 1958 issue. Two classifications of
Data
the loans are shown, one by type and one by agency.
prior to 1956 are based on the earlier reporting require-
source and application
ments, which provided for complete coverage of Government
cial condition,
of funds,
Income and expense,
and certain commitments and contingencies.
The
lending agencies.
Treasury Bulletin
3^
,
COEPORATIONS AMD CERTAIN OTHER BUSHJESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 1.- Summary by Specified Classes of Activities, June 30, 1962
(in thousands of dollars)
November 1962
95
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, June 30, 1962
(in thousands of dollars)
96
Section I - Statements of Financial Condlt
Table 2.- Public Enterprise Revolving Funds, June 30, 19
(in thousands of dollars)
November 1962
97
.CORPORATIONS AND CERTAIN OTHKR BUSINESS-TYPE ACTrVTTIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, June 30, 1962 - (Continued)
(in thousands of dollars)
^__^^_____^_^^_
ConnDerce Department - (Cont.)
Maritime Administration
(Continued
operations
revolving
fund
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U, S. Treasuiy 2/.
Investments;
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventorie s
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)
land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
War risk
insurance
revolving
fund
Defense Department
Interservice
activities
Wherry
Act
housing
Air Force
Department
Defense production guaranties
826
724
1,508
4,222
351
-178
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)...
Total liabilities
-625
21,240
Total United States interest
Total liabilities and investment
ANALYSIS OF ITTJITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)
-625
21,240
S. investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies
-4,224
113
247,000
167,041
U.
U.
S.
investment excl, interagency items.
Footnotes at end of Table
8.
Navy Department
Laundry
service,
Naval
Academy
iO,68<;
Total assets
NET INVESTt'lENT
United States interest:
Interest -bearing investment:
Capital stock
Borrowings from the U- S. Treasury...
Other
Nonlnterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Army
Department
2,945
414,041
(Continued on following page)
Defense
production
guaranties
Treasury Bulletin
fiDT
November 1962
99
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYTE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, June 30, 1962 - (Continued)
^
(In thousands of dollars)
Interior Department - (Continued)
Bureau of
Mines
Development
and operatio
of helium
properties
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. TreasxuyS/
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Govemioent enterprise:
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)...
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
Bureau of Reclamation
Bureau of Commercial Fisherie
Federal ship
mortgage
insurance fund,
fishing vessels
Fisheries
loan fund
Fund for emergency expenses
Fort Peck
project, Mont.
Upper
Colorado
River Basin
fund
Virgin
Islands
Corporation
Expansion
of defense
production
.
94
1,803
1,351
2,762
132
77
7,393
12,317
-133
-10,416
11
'16,355
3
16,994
-15,152
39,735
-4,238
270,006
25
13,352
12,786
Total assets
LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from;
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves).
294
12,477
358
443
859
340
35
4,416
NET mVESTt'lENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest
13,000
-837
40
1,575
3,944
-236
2,260
14,037
12,764
17,035
(-)...
S. investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies
U.
S.
Investment excl. interagency items.
12,764
Footnotes at end of Table
8.
50,232
781
-674
-31,389
319,146
13,352
12,764
(Continued on following page)
12,697
-674
2,998
U,037
31,000
-31,389
-94
404
13,000
-236
-2,762
1.111
U.
302,457
16,758
-75
336,345
12,786
42,940
8,944
United States investment
Accumulated net income, or deficit
2,640
944
10,972
Total liabilities and investment
AMAUSIS OF UMITED STATES HWESTMEUT
122
17,198
2,628
Total liabilities
12,254
-3,326
2,640
319,146
2,251
:
:
Treasury Bulletin
100
.COKPORATIONS AND CERTAIN OTHER BUSINESS-TYPE
ACi'iVi'i'IES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, June 30, 1962 - (Continued)
(in thousands of dollars)
^^^
Treasury Department
Labor Department
Bureau of Qnployment
Security
Advances to
xinemployment
trust fund 6/
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury 2/.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Govemment enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)....
land
structure s and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
,
Farm labor
supply
revolving fund
Post Office
Department
Postal
fund 2/
Bureau of
Accounts
Office of the Secretary
RFC
liquidation
fund
Federal Farm
Mortgage Corporation liquidation fund
Civil
defense
loans
Fund for payment of Government losses
shipment
136,360
236,612
2,108
5,M5
35,944
30,732
6,366
34
7,997
-2,000
157
1,102,734 8/
-452,789
,
1,103,213 2/
Total assets
LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencie s
Other
Trust and deposit liabilities:
Government agencie s
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)...
1,466
51,085
156,700
57,564
265,349 10/
Total liabilities
NET nWESTt'lENT
United States interest:
Intere st-bearing inve stment
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-),
Deposits of general and special fund
revenues (-)
Total United States interest
Total liabilities and investment.........
ANALYSIS OF UNITED STATES INVESTMEUT
United States investment
Accumulated net income, or deficit (-)...
investment incl. interagency items.
U.
Interagency items:
Due from Government agencies (-)
Due to Government agencies
S.
U. S, investment excl. interagency items.
Footnotes at end of Table
8.
288,000
492
6,416
1,234
1,587,100
-749,237
6,859
294,416
1,103,213
294,416
288,000
6,416
492
1,234
,587,100
-749,237
294,416
-86,412
242
-1,019
-38,052
51,085
850,896
(Continued on following page)
300
400
1,044
-1,019
November 1962
101
.CORPORATIONS AMD CERTAIN OTHER BUSHtESS-TYFE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, June 30, 1962 - (Continued)
^
(in thousands of dollars)
Treasury Department - (Cont.j
General Services Administration
Office of the
Treasurer
Expansion
Treasxirer of
of defense
Abaca
fiber
the U. S. , check
forgery insurance fund
production
program
Reconstruction
Finance
Corporation
liquidation
fund
Expansion
of defense
production
Housing and
Home Finance
Agency
Defense
production
guaranties
Office of the
Administrator
College
housing loans
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury 2/,
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Govemnent agencies
Other
Accounts and notes receivable:
Government agencies
Other (net
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)....
land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net
254
U,338
6,265
728
472
1,499,954
2,863
8,912
121,307
1,188,259
-U,360
-1,468
10,566
-6,302
4,237
-2,744
)
Total assets
114
2,677
1,588
2,787
Total United States interest
Total liabilities and investment.
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accujnulated net Income, or deficit (-)...
S. investment Inol. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies
D.
515
11,216
-11,117
8.
5,121 11/
-444,665
5,121
110,236
90,550
17,960
11,216
-11,117
1,790,215
-444,665
-3
(Continued on following page)
6,265
1,227,409
-2,187
6,265
108,510
investment excl. interagency items.
Footnotes at end of Table
17,815
186,532
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
AccuMilated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
S.
14,980
183,676
Total liabilities
U.
1,243,037
1,532,082
LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from;
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)...
-730
183,790
15,024
)
)
Treasury Bulletin
102
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, June 30, 1962 - (Continued)
^
^^^
(In thousands of dollars)
Housing and Home Finance Agency - (Continued)
Office of the Administrator - (Continued)
Puhlic
facility
loans
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury 2/.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Govemimnt enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)....
land
structure 3 and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net
,
Public works
planning
fund
Liquidating
programs
Community
disposal
operations
fund
Urban
renewal
fund
Housing
for the
elderly
1,899
13
370
28
3,371
74,574
18,894
-2,119
142,667
3,805 12/
-3,892
432
3,639
-3,594
,
16,732
4,873
-2-4
4,185
5,737
Total assets
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trast and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U S
Other liabilities (including reserves)...
79,280
134
2,108
.
10,164
Total liabilities
NET DIVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenue s (-)
Total United States interest
Total liabilities and investment.
—
ANALYSIS OF UMITED STATES DIVESTMEMT
United States investment
Accumulated net Income, or deficit (-)...
260,000
80,045
1,327,234
-111,537
10,564
664,734
-615,378
-3,827
61,058
-56,500
1,138
5,696
86,782
22,566
309,356
3,355
22,714
319,520
90,610
-3.827
1,215,697
-1,193,131
924,734
-615,378
Footnotes at end of Table
S.
79,280
4,558
36,111
22,551
(Continued on following page)
311,598
1,138
80,000
-720
5,696
investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Govemment agencies
U. S.
n, &. Investment excl. Interagency items.
V
79,280
November 19 62
103
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYFE ACTIVITIES.
Section I - Statements of Financial Cond itlon
Table 2.- Public Enterprl se Revolving Funds, June 30, 1962 - (Continued)
(in thousands of dollars)
Housing and Home Finance Agency - (Continued)
FNMA (Continued)
Management
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury 2/,
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Govemioent agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventorie s
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Govemmant agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)....
lend, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
759
,585
Federal
Housing
Administration
Public
Housing
Administration
Administration
Canteen
service
revolving
fund
7,320
85,016
3,533
2,632
loans to
veterans
and
648
121,995
120
63,349
724,836
6,493
-8,251
457
45
309
114
451
523
4,939
1,292
1,761
97,147
13
199,630
-3,132
-371
-7,410
530,807
4,743
-2,096
461,037
4,014
291,334 12/
1,244
1,343,204
4,900
55,218
-24,106 Hi/
3,069
726
6,812
-3,264
8,342
-3,906
6,797
732,673
Total assets
LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencie s
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)...
190
13,979
155
55,129
19,522
697
2,595
6,925
266
784
22,066
2,270
23,357
407
434
22,644
9,285
23,384
297
398
166,719
257,227
740
M2,181
43,048
Total liabilities
615,443
1,093
1,844
V
59,019
y
646
9,931
NET DIVESTt-IEHT
I
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Nonlnterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
1,530,078
1,000
1,173,792
246,581
1,704,627
159,316
15,240
(-)...
1,323,360
144,575
investment incl. interagency items.
Interagency items:
Due from Government agencies {-).......
Due to Government agencies
-94,299
19.525
1,039,184
364
11,779
1,530,078
-105,718
Investment excl. Interagency items.
1,393,162
1,039,184
U. S.
8.
-5,464
1,471,981
1,453,372
-1,353,075
ANAUSIS OF UNITED STATES INVESTMENT
Footnotes at end of Table
-105,718 1^/
,184
Total United States interest
United States investment
Accumulated net Income, or deficit
728,206
364
11,779
Total liabilities and investment....-
U. S.
Rental,
maintenance,
and repair
of quarters
Loan
guaranty
revolving
fund
-6,625
171,774
1,4^8,244
(Continued on following page)
728,206
-5,464
V
Trcasiini Bulletin
10»^
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 2.
Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, June 30, 1962 (in thousands of dollars^
(Continued)
'November 1962
103
.CORPORATIONS AND CERTAn^ 0THE3^ BUSINESS-TYPE ACTiViTLfcS.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, June 30, 1962 - (Continued*
(In thoueanda of dollare)
Farm Credit Adolnlstratlon
Federal
Ifcwe
Loan Bani Bc/srd
i<air*t
aort-temi
credit
Investment
fund
for
cooperatives
Investment
fimd
3enj£3
Revolving
fund
ASSETS
Cash in banks, on hand, and In transit...
Fund balances with the tJ. S. Treasury i/.
Invest Bents:
Public debt securities (par value)
Securities of GovenuBnt enterprises...
Onaisortlzed preoluB, or dlsccujit (-).,.
Other securities
Advances to contractors and agents:
Covemaent agencies
Other
Accounts and notes receivable:
Covemaent agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Govemaent entezprises
Other
loans receivable:
Covemaent agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net ) . . .
land, structujies, and equlpaeot
Accjaulated depreciation (- )
Foreign eurrencies
Other assets (net )
53,015
106,317
105
2,125
456
130,000
Total assets
LIABILHIES
Accounts payable:
Govemaent agencies
Other
Accrued liabilities:
Covemaent agencies
Other
Advances from:
Covemaent agencies
Other
Trust and deposit liabilities:
Govemaent agencies. ...•.......
Other
Bonds, debentures, and notes payable;
Govemaent agencies
Other: Otiaranteed by the C. S
Jot guaranteed by the C. 2
Other UsblUtles (inclndlng reserves)...
Total liabilities
BT iwEsnan
United States Interest:
Interest-bearing investaent:
Capital stock
Borrowings froa the U. £. Treaairy...
Other
Honlnterest-bearlng inveztaent:
Capital stock
ApproprlatloDS
Capitalization of assets (net)
Other
AccuMilated net incoae, or deficit (-).
Deposits of general and special fund
revenues (-)
Total IJnlted States Interest
Total liabilities and investaent.
,
...
150,000
1>C,./X
Federal Savings and Loen
Insurance
Corporation
Hoae Cwnera'
Loan
Corpcpratlon
(liquidated)
Par;s*a
Lewrer*';e
Canal
Company
Sea-irty
I«r/eloi«ent
•^orporatlcpn
io6
"November 1962
107
.
CORPORATICHIS AMD CERTAIN OTHER BUSIKESS-TreE ACriVlTlKS,
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, June 30, 1962
(In thousands of dollare)
^__
Legislativ
Branch
Government
Printing
Office
Assgrs
Caeh In banks, on band, and In transit...
Fund balances with the U. S. Treasury 2/
1,672
1,2^,836
Inveetioents:
Public debt Becurltiea (par value)
Securities of Government enterprises
Unamortized premium, or discount (-)...
Other securities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agenc le s
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterpriaea
Other
Loans receivable:
Government agenc ie s
Other
Allowance for losses (-)
Acquired security or collateral (net).,..
Land, structures, and equipment
Accumulated depreciation ( -)
Other assets (net)
253
30,386
693,405
54,333
6,710,241
-48
520,368
-232,222
26,290
Total assets
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued llabilitlea:
Government agencies
Other
Advances fl"om:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bends, debentures, and notes payable:
Government agencies
Other:
Guaranteed by the Ublted States
Not guaranteed by the lUlted States..
Other liabilities (including reserves)...
Total liabilities
KET XNYESfTMHrr
U&ited States interest:
Interest-bearing Investment:
Capital stock
Borrowings from the U. S, Treasury...
Other
Noninterest-bearlng Investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net Income, or deficit (-).
Deposits of general and special fund
revenues ( -)
247,880
1,011,350
669,272
320,254
6,960,951 i/
84,688
Total United States Interest
8,035,164
Total liabilities and Investment
9,046,514
ANALYSIS OF UNITED STATES INVESTMaJT
Wilted States Investanent
Accumulated net Income, or deficit (-)...
Total united States Inveatiaent including
interagency items
Inter age ncy 1 terns
Due from Government agencies (-)
Due to Government agencies
Total United States Investment after
exclusion of interagency Items
Footnotes at end of Table 8,
328
7,196
Agency for
International
Development
Acquisition
of property
revolving
fund 1/
Agriculture Department
Agricultural
Research
Service
Working
capital
fund
Forest
Service
Working
capital
fund
ConiDerce Dept.
Working
capital
fund
National
Bureau of
Standards
Working
capital
fund
lOS
Treasury Bullet i
.
COEPORATIORS AHD CERTAIN OTHER BOSINESS-TTFE
A^i'iVi'i'iES.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, June 30, 1962
(In thouaande of dollars)
-
(Continued)
November 1962
109
.CORPORATIONS AHD CEETAIH OTHE» BOSIMESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, June 30, 1962
-
(Continued)
(In tbouaande of dollar e)
Defense Department - (Continued)
(Continued)
Corps of
Engineers
Health, Eduoati
Navy Department
Army
Department Stock
fund
Industrial
fund i/
and Welfare Department
Public Health Service
Marine Corps
stock fund
Narcotic
hospitals
Service and
supply fund
Working
capital fund
Office of
the Secretary
Working
capital fund
ASfiOTS
Caah In banka, on hand, and In transit....
Fund balances with the U. S. Treasury 2/.
Investments:
Public debt securities (par value)
Securities of Government enterprises....
Utiamortlzed premium, or discount (-)....
Other securities (net)
Advances to contractors and agents:
Government a^enc les
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued Interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other
Allowance for losses (-)
Acquired security or collateral (net)
Land, structures, and equipment
Accumulated depreciation ( -)
Other assets (net)
Total assets
LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances Tromz
Government agencies
Other
Trust and deposit llabllitlea:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other:
Guaranteed by the Itiited States....
Not guaranteed by the mited States
Other liabilities (including reserves).
24,950
7,223
122,599
779
251,452
418
-242
345
-169
33
96,176
34,110
83
10,680
23,465
498
70,336
1,545
6,582
3,838
105,308
136,293
213,626
450
1,592
24,525
96,123
-42,752
25,405
223
266,065 6/
187
2,317
120,648
641
Total united States Investment including
Interagency Items
Interagency Items:
Due from Government agencies (-)
Due to Government agencies
-24,950
2,964
-36,694
96,176
-122,599
10,680
99,303
1,609,426
171,824
Footnotes at end of Table 8.
164
285,635
Total United States interest
Total liabilities and Investment
ANALYSIS OF UNITED STATES INTESTMHIT
united States investment
Accumulated net Income, or deficit (-)...
Total United States investment after
exclusion of Interagency items
3U
305
-164
184,123
1,419
11,866
121
875
228,978
247,793
-124,865
1,024
Total liabilities
NET MVESIMaiT
united States interest:
Interest-besxing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Nonlnterest-bearlng 'nvestment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues ( -)
36,694
11,339
1,530,643
285,635
2,042
275
220
455
223
187
-875
10,849
-352
83
-85
23
-121
186
276,039
2,048
258,338
25,405
266,065
(Continued on following page)
Treasury Bulletin
110
.
COHPORATIONS AHD CEREAJN CfTBER BUSIKESS-TYra; A3TIVITIES.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, June 30, 1962
(In tbo'oaande of dollars)
(Continued)
November 1962
111
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES-
Table 3.-
Section I - Statements of Financial Condition
Intragovernmental Revolving Funds, June 30, 1962
(In thousands of dollars)
(Continued)
112
nr
November 1962
113
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condit Ion
Table 4.- Certain Other Activities, June 30, 1962 - Part A 1/
(In thousands of dollars)
-
(Continued)
:
)
Treasury Bulletin
lll^
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, June 30, 1962 - Part A i/-
(Continued)
(In thousands of dollars)
General Services
Administration - (Continued)
Strategic
and critical
materials
ASSETS
Cash In banks, on hand, and in transit...
Fund balances with the U. S. Treasury^.
Investments:
Public debt securities (par value)
Securities of Govemment enterprises...
Unamortized prBmium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net
Inventories
Allowance for losses (Accrued interest receivable:
On public debt securities
On securities of Govemment enterprises
Other
Loans receivable
Govemmsnt agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acqiilred security or collateral (net)....
l£md, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
)
National
Aeronautics
and Space
Administrati
All
other
12/
Civil
Service
Gommission
w
Export- Import
Bank of
Washington
Federal
Comraunica-
Agent for
certain Mutual
Security Act
loans
tions
Connnission
Federal
Maritime
Commission
478,856
348
116
2,068
6,393
7,191,453
9,157
4,050
27,208
980
11,469
300
17,520
1,094
)
1,171
110,598
1^
144,879
704,800
240,409
Total assets
UABIUTIES
Accounts payable:
Govemment agencies
Other
Accrued liabilities:
Government agencie s
Other
Advances from:
Govemment agencies
Other
Trust and deposit liabilities:
Govemment agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)...
1,413
1,017
3,610
18,728
20,737
42,230
3,035
14,056
5,281
558
328
1,262
1,040
36
Total liabilities
NET mVESTMEMT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accuraulflted net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest
Total liabilities and investment. ..
ANA US IS OF UHITED STATES INTESTMENT
United States investment
Accunailated net Income, or deficit (-)...
inveBtment incl. Interagency items.
Interagency items:
Due from Government agenciea (-)
Due to Government agencies
1,166,303
2,197
-107
1,303
881,755
1,155
2,440
-3
-1,289
1,171
-15,900
3,352
rootooto* at
md
ot Table g.
11
146,271
MS, 100
7,215,646
1,171
146,271
U. S.
U. S. iovefftaent excl. interagency items.
U6,271
-2,094
1,413
-4,397
8,891
-12,563
33,338
2,068,833
(Continued on following page
-372
1,386
1,300
-1,289
November 1962
115
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIYITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, June 30, 1962 - Part A i/(In thousands of dollars)
(Continued)
Treasury Bulletin
116
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table
^November 1962
lis
November 1962
119
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, June 30, 1962 - Part BV- (Continued)
(In thousands of dollars)
120
rn
Novemher 1962
121
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, June 30, 1962 - Part B i/- (Continued)
(in thousands of dollars)
Treasury Department
Internal Revenue Service
Bureau
of the
Mint
Revenue
accounts
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury 4/.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities.
Advances to contractors and agents;
Government agencies.
,
Other
Accounts and notes receivable;
Govermnent agencies
Other (net
Inventories.
Allowance for losses (-)
Accrued interest receivable;
,
On public debt securities
On securities of Government enterprises
Other
Loans receivable;
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)..
Land, structures, and equipment
Accumulated depreciation (-)-........
Foreign currencies. . ...,•...........•.•
Other assets (net)
Total assets
LIABILITIES
Accounts payable:
Government agenc ies.................
Other
Accrued liabilities;
Government agencies .,
Other
Advances from;
Government agencies
Other
Trust and deposit liabilities:
Government agencies....
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (Including reserves)...
Total liabilities
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock. .......................
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)...........-.... ....•.-...
Total United States interest
Total liabilities and investment
Federal
Aviation
Agency
Atomic
Energy
Commission
-122
21,359
5,279
3,069
900
1,047
49,768
-3,339
1,905,631
55,715
-27,686
29,602
353
,192
17,780
32,248
14,250
863,362
-18,065
69,539
286,691
7,364,671
-2,293,890
15,862
-3,907
1,404,551 20/
92,756
3,263
677,738
2,060,469
5,641
7,756
5,862
5,721
208
154
32,216
11,590
17,451
160,635
3,631
3,497
33,679
109,855
12,004
28,844
15,422
7,519
13,084
1,555
939
3,433
7,648
176
1,369
6,580
2,586
11,755
25,417
3,762
62,233
123,449
101,734
3,938
1,105
-20,269
298,462
557,005
1,582,772
142,365
82,483
797,021
11,261
964,745
-22,179,652
V
-54.738
7,447,131
879,503
2,023,599
933,221
2,060,469
2,048,007
7,770,179
1,881,235
142.365
29,626,783
12,366
1.604,069
P2 .179.652
12,366
U. S.
Footnotes at end of Table
Other
18/
120,059 12/
318,347
137,511
13,822
ANALYSIS OF UNITED STATES IN'JESTMENT
United States investment
Accumulated net income, or deficit (-)...
investment incl. Interagency items.
Interagency items:
Due from Government agencies (-),,...••
Due to Government agencies. .«.. ........
U. S. investment excl. interagency items.
United
States
Coast
Guard
-416
16,581
1,210
13,577
(Continued on following page)
-6,179
42,133
-32,248
32.041
-17,780
45.312
7,4^6,924
1,549,282
,
.
Treasury Bulletin
122
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, June 30, 1962 - Part B i/(In thousands of dollars)
Aooount
(Continued)
November 1962
123
.CORPORATIONS AMD CEBTAIN OTHER BUSINESS-TYFE ACTIVITIES.
Section I - Statements of Financial Condition
Table 5,- Certain Deposit Funds, June 30, 1962
(In thousands of
doUare)
Federal Home
Loan Bank
Board
Farm Credit Administration
Banks
for
cooperatives
Federal
intermediate
credit
banks
Federal
Deposit
Insurance
Corporation
Federal home
loan
banks
ASSETS
9,516
276
147
2,526
98,665
15,393
110,603
2,593,817
1,332,065
-425
-M,804
-4,983
8,000
9,361
17,341
13,627
1,400
5,459,679
-7,606
84
1,459
-1,316
11,161
1,400
693,378
-6,650
1,053
-956
2,767,132
9,741,249
753,601
4,711
42,250
2,250
3,918
2,378
23,406
135
lA
174
216
120,619
18,358
Cash In banks, on hand, and In transit
rani balances vith the U. S. Treasuzy l/
Investmsnts t
Public debt securities (par value)
Securities of tdioUy owned Govt, enteiprlses.
Ihianortized prenlun, or discount (-).
•
•••
Other securities ....«
Idvances to contractors and agents:
Qovemosnt agencies
Other
Inventories
Allowance for losses (-)
Accounts and other receivables i
••••••
•
GovenunBQt agencies* •••...
Other (net)
loans receivable:
•••
Govemment agencies
Other
Allowance for losses (-)
Acquired security or collateral (net)
••«••••
land, structures, and equipment
••••••••••«
Accumulated depreciation (-)
Other assets (net)
70,051
Total assets
12,291
163
-20,191
8,000
3
84
537
-475
489
922
-841
1,061
LIABILITIES
Accounts and other payables:
QovenmBnt agencies
Otter
Advances from:
•
Govenmisnt agencies
Other
Trust and deposit liabilities:
...•••••••••••
Govemjnent agencies.
Other
Boi^s , debentures , and notes payable
Govemmsnt agencies.
Otter: Guaranteed by the United States....
Not guaranteed by tte United States
All other liabilities (including reserves)..
1,193,409
HET
Onlted States Interest:
Interest-bearing invoetinent
Capital stock
Borrowings from tte U. S. Treasury
Otter
Honlnterest-bearlng investnent
Capital stock
...••.-•••
Appropriations
Capltaliaatlon of assets (net)
•
Otter
•••
Accumulated net Income, or deficit (-)
Deposits of general and special fund revenues (-)
4,165,780
192,684
467,275
508
1,931,970
3,012,874
66,989
49,793
40,525
30,010
1,115,679
102,749
116,782
1,223,193
182,551
70,534
1,218,427
208,206
106,817 2/
55,861
45,057
2,426,013
2,607,396
Total United States interest
2,735,137
9,741,249
2,U8,951
AHAEtSIS OF UHITED STATES BWESTtCin'
208,206
2,526,931
106,817
55,861
Total U. S. Investment Including interagency items,
Interagency items:
Dos from Government agencies (-)
•
Dub to Goveramant agencies
2,735,137
-1,403
6,245
-1,403
2,265
Total D. S. investment excluding Interagency items-
2,739,980
101,389
45,057
162,678
United States Investment
Accumulated net incooe, or deficit (-)
See Table 1, footnote 4.
Includes $11,980 thousand In process of retirement.
The surplus Is not available by law for dividend distribution and
y
2,426,013
Total liabilities and investment
y
1,796,835
9,079
1,901,670
146,447
1/
1,192,784
mVESnCNT
Private interest:
Capital stock
Accumulated net Incono, or deficit (-).
Total private Interest.
2/
109
234
180,207
11
1,400
5,600,368
Total liabilities
83
749
2,426,013
3,789
150,235
for future
Is considered by the Corporation as a reserve
deposit insurance losses and related expenses with respect
Less than $500.
»
to insured banks.
November 1962
125
.COKPORAa?IONS AND CEfJTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 6.- Certain Trust Revolving Funds, June 30, 1962 - (Continued)
(In thousands of dollars)
Genera 1
Services
Administration
National
Archives
trust fund
Housing and Home
Finance Agency
Federal National
Mortgage Assoc.
Secondary
market
operations
Civil Service Commission
Qnployees
health
benefits
fund
Employees
life
insurance
fund
Federal
Retired
employees
health
benefits
fund
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury 2/.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-),..
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net )
Inventories
Allovrance for losses (Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other
Allowance for losses (Acquired security or collateral (net),,.,
land, structures, and equipment
Accumulated depreciation (Other assets (net)
Total assets
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
229
65,607
10,579
26,862
83
23,';99
247,570
1,631
-172
-4,040
27,645
102
9,026
1,950
38,673
658
798
12,682
2,871,296
-97,570 6/
9,576
123
-20
2,925,699
13,000
1,750
2,160
25
2/4,985
Other:
Guaranteed by the United States
Not guaranteed by the United States..
Other liabilities (including reserves).,.
2,557,630
22,665
Total liabilities
2,635,605
NET INVESTMENT
Trust interest:
Prlnoipal of fund
Capitalization of assets (net)
Accumulated net income, or deficit (-).
87,509
15,797
Total trust interest
United States Interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S, Treasury
Other
Noninterest-bearing Investment:
Capital stock
Appropriations
Capitalization of aasets (net),.
Other
Accumulated net income, or deficit (-),
Deposits of general and special fund
revenues (Total United States interest
Total liabilities and investment
Footnotes 1 through 5 on preceding page.
6/ )iepresents purchase discounts.
«
Less than $500.
158,820
186,788
2,607
Coomiunlcat ions
CdniDlssion
International
telecommunication
settlements
126
Treasury Bulletin,
.CORPORATIONS AND CKEITAIN OTHER BUSINESS-TYFE ACTIVITIES.
Table 7.-
Section I - Statements of Financial Condition
Loans Outstanding June 30, 1962, Excluding Interagency Loans and Those Made by
Deposit and Trust Revolving Funds, Classified by Types of Loems V
Sovember 1962
127
.
COKPORATIONS AMD CERTAIN 0THE3? BUSHSESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 7.- Loans Outstanding June 30, 1962, Excluding Interagency Loans and Those Made by
Deposit and Trust Revolving Funds, Classified by Types of Loans - (Contlnuedl
(In thousands of dollars)
United States dollar loan
Type of loan and lending agency
Total
2/
Foreign
currency
loans 2/
Public enterprise
revolving funds
To aid industry (Continued):
Other loans (Continued);
Other purposes (Continued):
Housing and Home Finance Administrator:
Liquidating programs
Interior Department:
Bureau of Commercial Fisheries:
Fisheries loan fund
Office of Minerals Exploration
Virgin Islands Corporation
Small Business Administration:
Revolving fund (lending operations)
Reconstruction Finance Corporation liquidation fund..
Trea sury Depa rtment
Civil defense loans
Reconstruction Finance Corporation liquidation fund.
7,393
392
571,072
1,-404
571,072
1,404
692
2,677
692
2,677
Total to aid industry.
o aid education:
Health, Education, and Welfare Department:
Loans to institutions and nonprofit schools
Loans to students in institutions of higher education.
Loans to students (World War II
Housing and Home Finance Administrator:
College housing loans
3,250
3,250
201, 9U
201, 9W
Total to aid education
To aid States, Territories, etc.:
Commerce Department:
Area Redevelopment Administration:
Area redevelopment fund
General Services Administration:
Public Works Administration (in liquidation).
Health, Education, and Welfare Department:
Public Health Service
Housing and Home Finance Administrator:
Public facility loans
Liquidating programs
Urban renewal fund
Interior Department;
Bureau of Reclamation
Office of Territories:
Ala ska public works
National Capital Planning Commission
Public Housing Administration
Treasury Department;
Miscellaneous loans and certain other assets.
74,574
7,392
142,667
74,574
7,392
142,667
18,372
527
18,372
527
96,369
72,663
Total to aid States, Territories, etc
Foreign loans:
Expansion of defense production;
Export-Import Bank of Washington
Military assistance credit sales:
Defense Department:
Air Force Department
Army Department
Navy Department
Other purposes;
Agency for International Development:
Development loans
Development loan fund liquidation account
sign
Loans to United States firms and domestic or f
f irms in foreign countries
All other loans
Commerce Department:
Maritime Administration
Export-Import Bank of Washington:
Regular lending activities
Agent for certain Mutual Security Act loans
Liquidation of certain Reconstruction Finance Corporation
assets
Treasury Department:
Miscellaneous loans and certain other assets
Total foreign loans.
Footnotes at end of table.
17,730
31,479
132,219
17,730
31,479
132,219
84,809
183,430
84,809
183,430
1,816,322
1,816,322
9,492
9,492
3,567,294
144,879
653,677
3,567,294
3
3,266,011
9,253,701
(Continued on following page)
3,835,568
V
68,143
2,220,752
6/
6/
128
Treasury Bulletin]
.CORPORATIONS AHD CERTAIN OTHER BUSIMESS-TYEE ACTIVITIES.
Section I - Statements of Financial Condition
Table 7.- Loans Outstanding June 30, 1962, Excluding Interagency Loans and Those Made by
Deposit and Trust Revolving Funds, Classified by Types of Loans - (Cont I nued i/
)
(Ln thousands of dollars)
November 1962
129
.
COBPORATIONS AHD CERTAIN OTHER BOSHtESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 8.- Loans Outstanding by Periods for All Business-Type Activities
Excluding Interagency Loans but Including Foreign Currency Loans
Part A.- Classified by Types of Loans
(In millions of dollars)
To aid agriculture
Total
1/
End of
period
Calendar years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1%0
1961
3,773.3
3,674.7
4,058.2
4,996.6
6,389.1
6,361.7
6,789.6
6,827.5
6,913.4
8,489.7
7,797.5
8,428.3
9,793.0
573.7
751.7
865.8
823.9
774.0
844.6
894.4
996.5
1,227.0
1,547.4
1,697.8
1,832.2
1,998.6
1,659.0
1,958.8
2,174.3
2,333.3
2,467.9
2,604.4
2,774.4
2,979.3
3,191.6
3,509.3
3,748.2
3,974.4
4,231.0
1,003.1
408.6
437.7
1,216.5
2,460.5
2,234.0
2,452.9
2,089.2
1,688.2
2,526.9
1,360.7
1,532.3
2,272.6
13,413.2
U, 595.1
17,966.7
20,086.0
19,575.5
20,506.3
21,091.5
22,755.6
25,851.1
28,277.7
31,122.6
34,849.2
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
Agricultural
credit
corporations
12,771.7
13,689.4
16,066.0
17,863.4
18,743.8
19,420.5
20,547.5
21,812.9
22,893.4
27,510.7
29,568.3
31,527.1
36,154.9
Fiscal years:
1950
•
To aid home owners
Crop, livestock, and
Total
to aid
agriculture
3,884.1
4,161.3
5,070.3
6,810.5
6,929.2
6,715.4
6,785.4
6,681.1
8,684.9
7,762.5
8,299.5
9,453.1
507.1
629.1
671.3
589.8
635.6
686.5
733.6
928.8
1,160.5
1,396.4
1,502.0
1,651.2
1,892.5
2,171.5
2,341.1
2,468.6
2,589.6
2,721.7
2,954.1
3,152.0
3,394.2
3,715.4
3,948.3
4,168.0
952.4
812.8
1,453.8
3,116.2
3,026.2
2,669.7
2,441.6
1,840.7
3,333.9
1,752.8
1,871.3
2,486.2
517.1
566.7
597.6
628.7
596.4
289.8
357.5
399.5
484.3
530.4
30,469.2
31,393.9
32,771.3
35,854.9
8,191.1
8,817.3
8,780.7
10,253.9
1,699.6
1,626.6
1,844.2
1,765.5
3,836.4
4,006.7
4,066.9
4,231.3
1,644.3
2,121.9
1,731.0
2,985.9
522.1
537.2
590.4
636.1
Mortgage
loans
commodity
loans 2/
515.9
530.1
549.6
588.8
647.2
634.1
275.3
3U.2
359.2
454.0
504.5
558.5
661.6
21.6
25.5
30.9
34.2
39.5
44.6
392.5
448.2
447.3
452.0
486.1
530.9
629.1
23.4
30.9
37.3
38.4
49.2
41.2
366.2
401.9
396.7
413.5
447.5
539.2
1,315.
1,809.:
2,387..
2,914.:
2,814..
3,094.
3,377.
4,380.
4,628.:
5,872.
7,563.'
7,763.
8,340.
1,290.7
1,809.1
2,387.3
2,914.1
2,814.2
3,094.6 2/
3,302.7
4,276.0
4,473.5
5,641.6
7,247.0
7,371.9
7,874.2
74.9
104.5
154.7
231.1
316.6
391.3
466.4
4,860.
6,735.
8,032.
8,248.
1,525.2
2,141.4
2,603.2
2,929.9
2,906.6
3,204.1 2/
3,683.1
4,642.0
4,671.8
6,462.1
7,679.1
7,807.9
88.3 i/
126.6
188.5
273.0
353.1
440.4
7.853.8
7,948.3
7.903.9
8,456.9
7,516.2
7,580.7
7,488.8
7,993.7
337.6
367.6
415.1
463.2
1,528.
2,141.1
2,603.
2,930.
2,906.
3,204..
3,771..
4,768..
.1
.2
.3
C\irrent quarters:
1960-September
1961-March
September
1962-March
30.
31.
30.
31.
524.9
548.2
635.1
y
Treasury Bulletinl
130
.CORPORATIONS AND CERTAIN OTHKR BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 8.- Loans Outstanding by Periods for All Business-Type Activities
Excluding Interagency Loans but Including Foreign Currency Loans - (Continued)
Part B.- Classified by Agencies
Agriculture Departm
End of period
Total
1/
International
Develop-
Development
loan
fund 2/
Cora-
Sovember 1962
131
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Footnotes to Table
Business-type activities reporting pursuant to Department Circular
1
receivables recoverable in foreign currency as well as balances of
foreign currencies in United States depositaries, aggregating
$5,783,775 thousand in dollar equivalent. These currencies, acquired
primarily without the payment of dollars, were generated under
various Government programs, principally the Agricultural Trade
Development and Assistance Act of 1954.» as amended, and the Mutual
Security Acts, as amended. Dollar equivalents are computed for
reporting purposes, to provide a common denominator for the
currencies of the many countries involved. Foreign currencies on
hand and on deposit, and loans under section IO4 (e) of the Agricultural Trade Development and Assistance Act of 1954.J as amended,
are stated at the rates as of June 30, 1962, at which the United
States could purchase currencies on the market for regular operating
Other loans are stated at the rates at which they are to
purposes.
be repaid or at rates in effect when the loans were extended.
Currencies that are dollar denominated or guaranteed as to rate of
exchange, are stated at rates specified in the agreements.
Less than $500.
No. 966.
Activities reporting pursuant to Supplement No. 1 to Department
Circular No. 966. These are mainly not business-type activities.
Excluded from the June 30, 1962, figures are those activities whose
reports for that date cover assets only (see Headnote), and also
certain activities of the Department of Defense, which have not yet
furnished the data required by Supplement No. 1.
With the exceptions indicated in footnote 2.
These amounts consist in the main of unexpended balances of general,
special, and revolving fund accounts against which checks may be
drawn to pay proper charges under these funds. The funds are
considered as assets of the agencies, but are not assets of the
United States Government since funds must be provided out of cash
balances of the Treasurer of the United States and future receipts
to take care of checks to be issued against the balances.
Includes foreign currency assets, representing loans and other
Footnotes to Table 2
Includes operating and administrative expenses funds.
See Table 1, footnote 4.*
Includes guaranteed loans and certificates of interest aggregating
^01,826 thousand which are held by lending agencies.
Foreign currency assets are included throughout the table. See Table
1, footnote 5.
Certain corporations and other business-type activities that have
submitted statements of financial condition have guaranteed and insured loans made by private financial institutions. These commitments
are of a contingent nature and have been excluded from their balance
sheets.
The major agencies that have these contingencies and the
amounts are as follows:
Amount
Activity
(in thousands
of dollars)
Agriculture Department:
Farmers' Home Administration:
Agricultural credit insurance fund
315,835
Commerce Department
Federal ship mortgage insurance fund
395,221
Housing and Home Finance Agency:
Office of the Administrator:
Urban renewal fund
84-2,887
Federal Housing Administration
38,105,343
Public Housing Administration:
Local housing authority bonds and notes
3,179,499
Local housing authority temporary notes
945,166
Veterans' Administration:
Loan guaranty revolving fund
16,119,300
Export-Import Bank of Washington:
Regular lending activities
343,258
148,706
Interstate Commerce Commission
Small Business Administration:
Revolving fund
28,432
Defense production guaranties (various agencies)
99,196
6/
7/
8/
2/
10/
11/
12/
13/
14/
15/
16/
17/
18/
19/
«
Represents the fund known as "Advances to empl03rment security administration account, unemployment trust fund."
The assets and liabilities of this fund exclude resources on order of
Jil92,439 thousand as reported by the Post Office Department.
Valued at cost, estimated if not knovm.
Receivables do not include contingent receivables of $7,800 thousand
based on contested Civil Aeronautics Board orders.
Liabilities do not include: (l) contingent liabilities of $41,400
thousand for pending suits and damage claims; (2) postage in the hands
of the public which, for practical considerations, has been accounted
for as revenue when sold; and (3) undetermined amounts for employees'
accrued leave and long-term leases.
Represents equity in the United States Treasury in this fund.
Represents purchase money mortgages formerly classified as ot'her
assets (see footnote 1 at the end of Table 7).
Represents purchase discounts.
Includes reserves and unrealized equity in the assets of the Defense
Hcanes Corporation which are being liquidated by the Association.
Represents transfers to the loan guaranty fund of $206,871 thousand
made pursuant to acts approved August 17, I96I (75 Stat. 358) and
February 13, 1962 (76 Stat. 8), less accumulated net income of
$101,153 thousand.
Represents accrued interest expense on borrowings from the United
States Treasury Department on which payment has been deferred.
The surplus is considered by the Corporation as available for future
Insurance losses and related expenses with respect to insured institutions .
Includes $12,960 thousand representing investments in certificates
of deposit issued by commercial banks.
Consists of net income from power operations of $600,147 thousand
and net expense of nonrevenue -producing programs of $245,690
thousand.
Less than $500.
Footnotes to Table 3
Included beginning June 30, 1962.
See Table 1, footnote 4.
Consists mainly of capital of the Defense Department stock funds,
representing appropriations and reappropriations, capitalization
Figures for each
of assets, and accumulated net income or deficit.
of the three accounts were not shown separately on reports submitted by the Department.
4/
^
6/
»
Excludes capital property such as land, structures, and equipment
as follows: Air Force, $1,283,155 thousand; Army, $1,516,576 thousand; and Navy, $2,746,354 thousand.
Figures are preliminary.
Represents capital of the fund (see footnote 3).
Less than $500.
Footnotes to Table 4
1/
2/
2/
,4/
;^
I
;
6/
7/
8/
2/
Consists of certain activities that are reporting on a quarterly
basis.
These are business-type activities.
The State Department, International Boundary and Water Commission,
is now included in the State Department statement in Table 4, Part B.
Represents the Cooley loan program established pursuant to the Agricultural Trade Development and Assistance Act of 1954* as amended
(7 U.S.C. 1704 (e)).
Represents rural housing and other loans, and salaries and expenses.
See Table 1, footnote 4.
Includes vessels owned and under construction.
Represents allowance for losses from scrapping of obsolete vessels.
Foreign currency assets are included throughout the table (see
Table 1, footnote 5).
Includes stock of the International Bank for Reconstruction and
Development amounting to $635,000 thousand; and subscriptions to the
International Monetary Fund, the International Finance Corporation,
10/
11/
12/
1^/
1/J
15/
»
-
Part A
the Inter-American Developnent Bank, and the International Development Association amounting to $4,125,000 thousand, $35,168 thousand,
$190,000 thousand, and $135,323 thousand, respectively.
Includes $200,371 thousand due under the agreement with Germany
February 27, 1953, and lend-lease and surplus property balances due
the United States in the principal amount of $1,456,459 thousand.
Includes loan to the United Kingdom amounting to $3,260,415 thousand
outstanding.
Represents interest on invested capital.
Represents assets and liabilities of the General Services Administration exclusive of trust and revolving funds and strategic and
critical materials.
Represents assets and liabilities of the United States Civil Service
Commission exclusive of trust and revolving funds.
Represents notes and mortgages acquired from credit sales of surplus
property and mortgages of certain liquidation activities.
Less than $500.
.
.
132
Treasury Bulletin
.
COEPORATIONS AKD CEETAIN OTHER BUSINESS-TYPE ACTIVITIES.
Footnotes to Table 4
1/
2/
2/
i/
5/
6/
7/
8/
2/
10/
11/
12/
12/
.
See Ikble 1, footnote 2.
Jfejor olvll defense and other functions of the Office of Civil and
Defense Mobilization were transferred to the Departments of Defense;
Health, Education, and Welfare; and Agriculture by Executive Order
No. 10952 dated July 20, 1961, and Executive Order No. 10958 dated
August Li, 1961. Responsibilities retained by that Office were
reorganized under this Office by an act approved September 22, 1961
(75 Stat. 630).
This Agency was established and the International Cooperation Administration was abolished on November 3, 1961, pursuant to an act
approved September i, 1961 (75 Stat. U5), and Executive Order No.
10973 dated November 3, 1961.
See Table 1, footnote i.
Represents nonrevenue-producing operations.
Consists of: Agricultural Research Service - special foreign currency program. Extension Service, Farmer Cooperative Service, Economic Research Service, Statistical Reporting Service, Foreign Agricultural Service, Foreign Agricultural Service - special foreign
currency program. Commodity Exchange Authority, Agricultural Stabilization and Conservation Service, (including the soil bank program),
Office of the General Counsel, Office of Information (including
Centennial Observance of Agriculture), National Agricultural Library,
and the Office of the Secretary.
Represents assets and liabilities of the Bureau of Public Roads
exclusive of trust and deposit funds.
Consists of: General administration, Office of the Secretary; Area
Redevelopment Administration; ftitent Office; and National Bureau
of Standards.
Includes construction of facilities (see footnote 2).
Consists of military credit sales receivables of the Air Force, Army,
and Navy Departments.
Represents civil activities exclusive of the intragovemmental
revolving fund.
Consists of: Food and Drug Administration; Office of Vocational
Rehabilitation; Social Security Administration; special institutions
Freedmen's Hospital, Gallaudet College, and Howard University; and
Office of the Secretary.
There is included in this figure the amount of $l,5i7,8^ thousand
which represents the value of improvements provided by the Federal
Government for channels, harbors, local flood protection projects,
alteration of bridges, and other types of work. These items have
been excluded from the value of assets reported under the annual
li./
li/
16/
17/
18/
12/
20/
21/
22/
22/
24/
»
-
Part B
report of real property owned by the Government furnished to the
General Services Administration.
Includes Alaska public works.
Consists of: Office of the Commissioner, Bureau of Sport Fisheries
and Wildlife, and the nonrevolvlng fund activities of the Bureau of
Commercial Fisheries.
Consists of: Bureau of Outdoor Recreation, Office of Minerals
Exploration, other departmental offices, and Office of the Secretary.
Includes the International Boundary and Water Commission, and the
United States Arms Control and Disarmament Agency.
Consists of: Bureau of Accounts, Bureau of the Public Debt,
Exchange Stabilization Fund, foreign currencies acquired without
dollars, Office of the Treasurer, Bureau of Narcotics, United States
Secret Service, and the fund for emergency repairs to the Biireau
of Engraving and Printing Annex Building.
Does not include the cash balance in the account of the Treasurer
of the United States.
Includes foreign currencies in the dollar equivalent of $24,^69
thousand held by Department of Defense disbursing officers.
Included beginning June 30, 1962.
Includes the National Gallery of Art.
Consists of: Legislative Branch - salaries and expenses of the
Office of the Superintendent of Documents; Executive Office of the
President - Bureau of the Budget, Council of Economic Advisers,
Federal Radiation Council, National Aeronautics and Space Council,
National Security Council, and the President's Commission on Campaign Costs; Funds appropriated to the President - Peace Corps; and
Other independent agencies - Advisory Commission on Intergovernmental
Relations, Alaska International Rail and Highway Commission, Civil
Aeronautics Board, Commission on Civil Rights, Commission of Fine
Arts, Delaware River Basin Commission, Federal Coal Mine Safety
Board of Review, Federal Trade Commission, Foreign Claims Settlement
Commission, General Accounting Office, historical and memorial commissions, Indian Claims Commission, National Capital Planning Commission, National Capital Transportation Agency, National Labor
Relations Board, National Mediation Board, National Science Foundation, Outdoor Recreation Resources Review Commission, Renegotiation
Board, Securities and Exchange Commission, Subversive Activities
Control Board, Tax Court of the United States, United States Study
Commission - southeast river basins, and the United States Tariff
Commission.
See Table 2, footnote 5.
Less than $500.
Footnotes to Table 8
X/
2/
2/
4/
5/
6/
2/
8/
2/
10/
Table 8 relates to all loan programs of Government agencies. It includes not only the United States dollar and foreign currency loans
summarized separately in Table 7, but also the loans made, all in
United States dol l a r s, by deposit funds (Table 5) and trust revolving
funds (Table 6).
Pursuant to an amendment issued June 23, I960, to
Department Circular No. 966, Table 3 now includes purchase money mortgages, mortgages purchased from insured lending institutions to prevent
default, and similar long-term paper (see footnote 1 at end of Ikble 7).
Includes gxmranteed loans held by lending agencies.
The major portion of the loans of the Veterans' Administration loan
guaranty revolving fund Is included under "Mortgage loans" through 1955
and under "Other" to aid home owners thereafter (see footnote 19).
Figures representing loans made by the Agency for International Development (formerly International Cooperation Administration) prior to
1952 are not available at this time.
Includes guaranteed loans held by lending agencies through December
31, 1958, and the loan to the United Kingdom.
Reports on maritime activities were not received by the United States
Treasiiry Department during the period from March 31, 19i7, through
March 31, 1953. Reorganization Plan No. 21, effective May 24, 1950,
abolished the United States Maritime Commission and transferred its
functions into the Department of Commerce.
Reports have been received from the Commerce Department on maritime
activities for the fiscal year 1953 and thereafter, but no loans were
reported prior to December 31, 1955. Beginning with that date, certain mortgage notes are classified as mortgage loans.
This Agency was established in the Department of State, and the International Cooperation Administration and the development loan fund were
abolished on November 3, 1961, pursuant to the act approved September
4, 1961 (75 Stat 445), and Executive Order No. 10973 dated November 3,
1961. Loans of the abolished agencies were transferred to this Agency
and a new fund for development loans was established. Data for
earlier periods are for predecessor agencies.
This fund was abolished on November 3, 1961 (see footnote 8).
Consists of the emergency credit revolving fund, the agricultural
credit Insurance fund (formerly the disaster loans, etc., revolving
fund and the farm tenant mortgage insurance fund, respectively); the
farm housing and other loan programs; the State rural rehabilitation
funds beginning June 30, 1956; and the direct loan account beginning
December 31, 1961. Prior to June 30, 1956, and December 31, 1961,
loans of the agricultural credit insurance fund and the direct loan
account, respectively, were included in the statements of financial
condition of the nonrevolvlng fund loan programs
11/ On September 29, 1953, pursuant to the act approved July 30, 1953 (15
U.S.C. 609), the Reconstruction Finance Corporation started liquidation of its activities, except those carried on by the Corporation
pursuant to Section 409 of the Itederal Civil Defense Act of 1950 (50
App. U.S.C. 2261) and expansion of defense production activities carried on pursuant to the Defense Production Act of 1950, as amended
(50 App. U.S.C. 2091-2094), which had been transferred to the Secretary of the Treasury as of September 28, 1953, and as of the close of
business on September 28, 1953, respectively. Effective at the close
of business June 30, 1954, pursuant to Reorganization Plan No. 2 of
1954, certain functions and related assets of the Corporation were
transferred to the Export-Import Bank of Washington, the Ftederal
National Mortgage Association, and the Small Business Administration.
On July 1, 1954, the remaining activities of the Corporation were
transferred to the Secretary of the Treasury to complete their liquidation, pursuant to the act of July 30, 1953, as amended June 29, 1954.
The Corporation was abolished effective at the close of business June
30, 1957, by Reorganization Plan No. 1, of 1957, and the remaining functions of the Corporation were transferred to the Housing and Home
Finance Administrator, Administrator of General Services, Administrator
of the Small Business Administration, and the Secretary of the Treasury.
12/ Consists of the loan to the United Kingdom and other miscellaneous
loans, Ftederal civil defense loans beginning December 31, 1953, loans
of the Reconstruction Finance Corporation liquidation fund beginning
December 31, 1957 (see footnote 11), and loans of the Federal Fkrm
Mortgage Corporation liquidation fund beginning December 31, 1961 (see
footnote 20)
12/ Figures through December 31, 1959, consist of loans of the Public Works
Administration (in liquidation). Figures beginning June 30, 1960,
include also: loans of Federal Facilities Corporation (this Corporation was dissolved September 30, 1961, pursuant to the act of August 30, 1961 (75 Stat. 419), and the loans are being liquidated by the
Administrator of General Services) , the Reconstruction Finance
Corporation liquidation fund, surplus property credit sales (see footnote 1 at end of Table 7) , and loans acquired pursuant to the Defense
Production Act of 1950, as amended (50 App. U.S.C. 2091) through
March 31 , 1961
Remaining footnotes on the following page.
November 1962
133
.
COKPORATIONS AKD CERTAIN OTHKR BUSINESS-TYPE ACTIVITIES.
Footnotes to Table 8
yj
X^
lb/
Figure for June 30, 1950, consists of Alaska housing loans. Subsequent figures include also: beginning December 31, 1950, loans for
community facilities service (previously included under Public Works
Administration), prefabricated housing loans (transferred from the
Reconstruction I^ance Corporation) and urban renewal loans authorized by the Housing Act of 1949, as amended (42 U.S.C. 1452 (a));
beginning December 31, 1951, college housing loans authorized by the
Housing Act of 1950, as amended (l2 U.S.C. 1749); beginning December
31, 1954, loans held by the revolving fund established pursuant to
the act approved June 24, 1954 (63 Stat. 295) for liquidation of not
only Alaska housing, community facilities service and prefabricated
housing loans already included but also loans under the Farm Security
Administration program, the public war housing program, and the
veterans' re-use housing program, all three of which previously were
handled by the Public Housing Administration; as of December 31
1955, public works planning loans authorized by the Housing Act of
1954 approved August 2, 1954 (40 U.S.C. 462); beginning December 31,
1956, public facility loans authorized by the Housing Amendments of
1955 approved August 11, 1955 (42 U.S.C. 149l); as of December 31,
1956, June 30, 1957, and from June 30, I960, through June 30,
1962, community disposal operations loans authorized by the Atomic
Energy Community Act of 1955 approved August 4, 1955 (42 U.S.C. 2301
note) and Executive Order No. 10657 of February 14, 1956; and beginning September 30, 1961, loans for housing for the elderly authorized
by the Housing Act of 1959, as amended (12 U.S.C. 1701q).
From June 30, 1956, through March 31, I960, the mortgage notes and
sales contracts which had previously been classified as loans were
classified as other assets and were not included in this table.
These mortgage notes and sales contracts have now been reclassified
as loans, and beginning June 30, I960, are included in this table
(see footnote 1 at end of Table 7),
Totals include loans of Home Owners' Loan Corporation amounting to
$84.2 million as of June 30, 1950, and $9.6 million as of December 31,
-
18/
19/
20/
21/
22/
1950.
17/
The Federal National Mortgage Association Charter Act approved August
2, 1954 (12 U.S.C. 1716), authorized the Association to carry on
three functions consisting of management and liquidating functions,
secondary market operations, and special assistance functions. Its
activities under these three Amotions began on November 1, 1954.
*
r
(Continued)
All figures in this column include the loans of the low-rent public
housing program fund (formerly known as the United States Housing Act
program). Also included are the homes conversion program as of June
30, 1950, the F^rm Security Administration and public war housing
programs from June 30, 1950, through June 30, 1954, and the veterans'
re-use housing program from June 30, 1953, through June 30, 1954 (see
footnote 14)
The Veterans' Administration loan guaranty program was converted to
a revolving fund effective July 1, 1961, pursxiant to the act approved
July 14, I960 (74 Stat. 533).
From June 30, 1956, through March 31, I960, notes receivable which
had previously been classified as loans were classified as other
assets and were not included in this table. These notes have now
been reclassified as loans, and from June 30, I960, through September
30, 1961, were included in this column. On October 4, 1961, this
Corporation was abolished pursuant to the act approved October 4,
1961 (75 Stat. 773), and its remaining assets were transferred to the
Secretary of the Treasury for liquidation.
Figures include loans for expansion of defense production from June
30, 1951, through June 30, 1953, and Federal civil defense loans as of
June 30, 1953 (see footnote 11).
The major portion of the loans is held by: the Inland Waterways
Corporation; Department of the Interior - Puerto Rico Reconstruction
Administration through December 31, 1954, fisheries loan fund beginning June 30, 1957, Indian loans, and Alaska public works loans
beginning June 30, I960; Department of the Army - guaranteed loans
(World War II) through December 31, 1957; Office of Education - loans
to students and educational institutions as of June 30, 1959, and
from June 30, I960, through June 30, 1962; Federal Savings and Loan
Insurance Corporation and Defense Department (military assistance
credit sales) beginning June 30, I96O; and agencies reporting loans
pursuant to the Defense Production Act of 1950, as amended (50 App.
U.S.C. 2091), which consist of the Departments of the Army beginning
June 30, 1951, Navy beginning December 31, 1951, and Air F^rce beginning June 30, 1956, and the General Sei*vices Administration as of
December 31, 1959.
Less than $50,000.
Revised.
Treasury Bulletin
13^
.CUMULATIVE TABLE OF CONTENTS.
December 1961 through November 1962
Issue and page nxunber
July
Reporting bases
Articles:
Treasury financing operations
Summary of Federal fiscal operations
Budget receipts and expenditures:
Receipts by principal sources
Detail of miscellaneous receipts by major categories
Chart - Internal revenue receipts by principal sources
Expenditures by agencies
Interfund transactions excluded from both net budget receipts
and budget expenditures
Summary of appropriations and authorizations, expenditures, and
balances, by agencies
Expenditures and balances by functions
Detail of excise tax receipts
,
,
Trust account and other transactions:
Summary of trust account and other transactions
Trust account receipts
Trust and deposit fund account expenditxzres
Net investment by Government agencies In public debt securities.,.,
Net redemption or sale of obligations of Government agencies in
the market
Intertrust fund transactions excluded from both net trust account
receipts and net trust account expenditures
Federal Old-Age and Survivors Insurance Trust Fund
Federal Disability Insurance Trust Fund
Railroad Retirement Acco\int, ,,,,
Unemployment Trust Fund
National Service Life Insurance Fund
Investments of specified trust accounts in public debt securities,
by Issues (latest date September 30, 1962)
,
,
,
,
,
,
,
,
Cash Income and outgo:
Summary of Federal Government cash transactions with the public...,
Derivation of Federal receipts from the public, and reconciliation
to cash deposits in Treasurer's account
Derivation of Federal payments to the public, and reconciliation
to cash withdrawals from Treasurer's account
Intragovemmenta 1 transactions
Accrued interest and other noncash expenditures
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account,...
Summary of cash transactions through Treasurer's account
,
,
,
,
,
Account of the Treasurer of the United States:
Status of the account of the Treasurer of the United States
Analysis of changes in tax and loan account balances
,
,
Debt outstanding:
Summary of Federal securities
Computed interest charge and rate on Federal securities
Interest-bearing public debt
Average length and maturity distribution of marketable
Interest-bearing public debt
Special public debt issues to U, S, Government investment accounts,
Treasury holdings of securities issued by Government agencies
Interest-bearing securities Issued by Federal agencies but not
guaranteed by the U. S. Government
,
,
,
,
,
,
Statutory debt limitation
,
Public debt operations:
Maturity schedule of interest-bearing public marketable securities
other than regular weekly Treasury bills
Offerings of Treasury bills
New money financing through regular weekly Treasury bills
Offerings of public marketable securities other than regular
weekly Treasury bills
Allotments by investor classes on subscriptions for public
marketable securities other than Tegular weekly Treasury bills...,
Disposition of matured public marketable securities other than
regular weekly Treasury bills
,
,
,
,
United States savings bonds:
Cumulative sales and redemptions by series
Sales and redemptions by periods, all series combined
Sales and redemptions by periods, Series E through K
Redemptions of matured and unmatured bonds
Sales gnd redemptions by denominations, Series E and H combined...,
Sales by States, Series E and H combined
,
,
,
,
,
(Continued on following page)
November 1962
135
.CIMJLATIVE TABLE OF CONTENTS
December 1961 through November 1962
-
(Continued)
TREASURY DEPARTMENT
POSTAOE AND FEES PAID
TREASURY DEPARTMENT
U. S.
FISCAL SERVICE. BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON
25. D.C.
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
TAT E S
S
SAVINGS
BONDS
/
@FedFRASER