Full text of Treasury Bulletin : October 1945
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LtBRARY
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JUN
TREASURY
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'^UN ^ 1 1972
TREASURY DEPARTMENT
fRIASuHY DEPARTMENT
[JNITED
DEPRRTMENT
TRE
STHTES
""^
^ HSURV
OFFICE OF THE SECRETPRV
.
.
Treasury Bulletin
Cunulatlve Table of Contentt
Ibvo* wad
pa^
i
I9IA
19^
Oct.
Artlolat
Tidsral
Oonmamit npaailltarM
for
Uw
Tletory Loan Itt™, Oototer-I)>cambar
jmn
flsoel
Sept. hag,
talT
Job*
i^.
Kiy
Mar.
hb.
Jaa.
Bs«.
BoT
iglM, 19M5, and 19l>6.
19'»5
*-5
far Loan*:
7th Var Loan, Ha^-Jima 19U5:
Salei yjy iaeuas, liy inTestor claaaaa, and
^
1-1-
Stataa.
A-1- A-l-
Odtllaa of plana and eomparlaon of faatvraa of aaenritlaa effar^d.
*-3
£th Var Loan, loTsmlier-Saceniber 19UU:
Inveator classoi
Salos
iaanoa
^
,
V
,
l-l-
and \j Stataa
1-17
A-1-
Salea pAttama for Loan
Oatllne of plana and cooparlaon of faaturaa of aacorltlaa offarad.
i-9
Security porchaaaa outside war loana toy co •relal baaka and I7 freaaorj
Inraataant aeooonta;
./rf.;../^,^'. ..
7th War I«an
.^.\'. r;-ss.V,. .6th War I«an
Statlatlaa of Inooas:
Taxable corporation Income md axcaaa preflta tax retnma for 19^3
(adrance tabalatlon)
*-SJ
1-18
1-11-5
Taxable IndlTldnal and flduolary Inooae tax retnraa, with nat Inooaa
of $3,000 and OT«r, for I9U3 (adranoa tahalation)
1-33-
MO
tadlTido&l and taxable fidnoiary retoma for 19^2 (eonplata r«port).
Tsdsral land bank bonds
i^
A-fi
financial operations of tba Thilted Stataa
OoTamant, flaeal /aar 19^*-
1-3-
1-1
Inrasion curranegr
1-7
AasatB and llabilltiaa of all actlTa banks In tha Uhltad Stataa:
Decanber 3I. I939 throo^ Dacembor 3I. 19**^
1-1i-«
Decambor 3I. 1939 throu^ Jtuw JO. I9UU
1-101-13
1-5-
Bank depoaits. gBOffrmfibic diatribution on Cecaabar 31, 19U1-4U.
1-19
1-1
M^tad
aarvloe bonds on Juna 1^. 19^^.
Matorltr of
United States sarins bonds:
Hatorltf of Serlee 1. bonda
1-11-e
Badasption throng banks
additional flnaneial Inst 1 tat ions
Xxolse taxes in the Dnlted States, Canada,, and United Iin<d0«
War finance
poUdes
aoid
(ihraa apaaehas
V
i-a1-3
tha Sacratasy of tha tt—sarjr)
1-1
—
1-6
J^
Sraanry aarket financing
1-20
1-9
^1
1-7
^lU
A-U
Summary of flaeal etatletloe
Bud^tarj receipts and expandlttirea
Fabllo debt and goaranteed obligations outstandlnc*
Maaaa of financing oaah reqairaaents
Reoelpte and expendlturee and approprlatlone
Budgetary receipts and expenditures:
Sammarjr by major claaalfl cations
inaljrsiB of receipts from internal reranoa
iaalysis of general expenditures
iaalyslB of expenditures for war aotlTltlea
ioal^sls of expenlitores for (l) rerolTlng funds said (z) transfers to
trust aecounte etc
Total budgetary receipts and eiq>enditnre8, by months, for racant yaare
trust accounts, etc. receipts and ei^jendlturea
Meaaa of financing cash requirements
Social security program:
Budgetary receipts and expenditures:
Social Security Act
Ballroad Satlrament Act
B&llroad tbemploynent Insuranoe Act
.
Statement of trust accounts:
federal Old-Age and SurrlTors Insurance Irust Vyind
Ballroad Retirement Account
Ibaaploystant Trust Ibnd
Appropriations and nat contract anthorlKatloaa for the var aetlTltiea program
Cash ineoaa and outgo of the Treaaurr:
iaalysis by major classifications
Total caah Income and outgo by months and calendar years beginning
with January I9IW
5
4
8
7
8-9
9-10
7
8-9
7
8-9
8-9
10
U-12
10
10
U
13
11
11
12
13
13
IH
15
15
12
13
13
12
i:
13
13
13
13
lU
16
16
le
ll»
ll>
111
lit
lU
lU
111
111
111
11*
ll*
15-16
Ik
8-9
8-9
7
8-9
8-9
10
7
8-9
10
8-9
10
10
10
10
10
u
11
11
11
U
U
11
12
13
13
12
13
13
12
13
13
12
13
13
12
12
13
13
12
13
lit
111
IM
lU
lit
lit
111
lU
lU
lU
lit
lU
lU
lU
lU
lU
lU
lU
lU
lU
7
7
7
13
7
8-9
10
U
13
13
17-u 15-16 15-16 15-16 15-16 15-16 15-16 15-16 15-16 15-16 15-16
17
19
17
17
17
17
17
17
17
17
17
X7
19
17
17
17
17
17
17
17
17
17
(ContlBoad on follovlnc
pa^)
_L
October 1945
11
Ctimulatlve Table of Contents
(Continued)
-
lasue and pa£« auml>or
ISW
I9U5
Oct.
Sept.
iu£.
FVind of the Treaaury
AaeetB, llabilltiee, and t)alance In General tind.
Maljrals of s&anees In balance of General Aind.
July
Jtm«
Kv ^r.
Mar.
h\>.
Jes
Qeneral
19
SO
.
19
19
so
Publlo dabt and guaranteed obllgationB of United States Oovernnient
Pabllc debt and guaranteed obllgatlona;
Detailed statement
ftecal yeare. X936-I9U5
Monthly data
Chart
2}-Sk 23-21* 2;
J3-2U 23-2U
21-2U 23-2U 23 -2U 23- 2U
25-26
?U-2S 2lk-25 2U-25 2U-25
?U-25 2't-25 2U-25 2'»-25 24-25 2U-25 2U-25
26-27 2U-25
26
26
26
28
26
26
26
26
Public debt:
lesuance and retirement (receipts and expenditures)
Interest -bearing debt, composition of
Ooaranteed obligations held by Treasury
Statutory limitation on the public debt - condition, as of:
September 30, ISW*
December 31, igltU
March 31. 19115
June 30. 15^5
July 31, 19lt5
iagust 31 1945
Computed Interest charge and computed Interest rate
Maturity schedule of interest-bearing j^ublic marketable securities Issued
or guaranteed by the t^ted States
Offerings of marlcetable Issues of Treaauiy bonds, notes, and certificates
of Indebtedness
Disposition of matured marlcetable ISBuee of Treaaury bonds, notes, and
certlflcaces of Indebtedness
Offerings and maturities of Treasury bills
United States savings bonds:
Suonary of sales and redemptions, by series
Sales by series, classified by denominations
Sales to InTestors other then commercial banJcs by series, clualflel
by States
Hatorities and redemptions of Series A-D and X combined, by States
Payroll savings plana
Treasury notes - tax and savings series:
Summary of sales and redei&ptions, by series
Sales, classified by:
Denomination
«
Type of purchaser
United States savings stamps:
Summary of sales and redemptions
Sales, classified by denomination
,
au
2U
22
22
22
22
22
22
22
22
22
22
29
27
27
27
27
27
27
27
27
27
28
26
28
27
27
27
27
27
27
27
29-31 28-30 28-30 29-31 28-30 28-30 29-31 28-30 28-30 29-31
29-31
32
32
31
31
32
31
31
32
31
31
32
32
32
32
32
32
32
33
33
33
33
3^-35 33-3"* 33-31* 3'»-35 33-3"* 33-3U 3U-35 33-3"* 33-3U 3'*-35
33
3^-35
36-37 35-36 35-36 36-37 35-36 35-36 36-37 35-36 35-36 36-37
38
38
38
38
37
37
37
37
37
37
36-37
38
39-1(0
39-1*0
1*1
1*1
1*2-43
lti*-l(5 1*2-1*3
U2
39-Uo
Ul
Ui
1*1
1*1-1*2 1*1-112
U2
38-39 39-Uo 38-39 38-39 39-Uo
Uo
Ul
Ul
Ul
U2
Uo
UO '"ui
''it
U2-U3 U1-U2 U1-U2 U2-U3 Uo-Ul Uo-Ul U1-U2
W*
1*6
1*U
"3
13
1*1*
U6
l*U
1*3
'*3
UU
UU
U3
U3
US
U3
1*7
1*5
UU
1*7
1*5
111*
UU
UU
l*?
UU
UU
UU
UU
H5
UU
UU
U2
U2
Us
U2
1*5
t3
>*3
U3
1*5
^'
1*3
UU
UU
Ownership of United States SoTernment securltlee
U6
Summary distribution, by holders
Xstlmated ownership by various classes of bank and non-bank Invastora.Market transactions In Government securities for Treasury investment
accounts, monthly beginning January 1937
Treasury Surrey of Ownership of United States Government securities (hderal
land bank bends Included commencing January 31. 19l*5)
Ownership by banks and insurance companies:
Jaiguet 31, IJlA
September 30, ISWt:
'*7
U7
U7
=
U8-51
fievlBlona
53
U7-50
Original data
October 3I I9IA
Bovember 30, 19111*
December 3I 191*1*
January 31 19l«5
Tobmary 28. I9U5
March 3I igUj
April 30, igits
U7-50
,
U9-52
U8-51
,
Ug-52
,
U9-53
U«-52
,
Mr
31.
June 30,
July 31,
U«-52
191*5
>*9-53
51-55
191*5
>*9-53
191*5
Ownership by various claasea of federal Baserve member and nonmesbar
coBserclal banks:
Dscember 31, I9W1
June 30, 19I15
52-55
56-«0
(Continued on following page)
Treasury Bulletin
Ill
Cumulative Table of Contents
-
(Continued)
October 1945
A-l
Plans for the Victory Loan Drive
Goals
to
Secretary Vinson
On Aujfust 23
the
for
plans
the
Victory Loan
great publlo drive to be held.
made
publlo
Drlre, the last
The
total
billion quota for
Individuals, $2 billion was
set as the goal for Series E bond sales.
Major eni^asls on Individuals
As
In
phasis throughout the Victory Loan will be placed
The sales period for
on
sales to Individuals.
Individuals will extend from October 29 through
E,
this extended period efforts will
P,
the
eral Reserve Banks between October 29 and
ber 31 will be credited to the Drive.
and
Fed-
Decem-
During
again be
made
Individuals' purchases of Series S
to enlarge
bonds through payroll savings plauis. It Is Im-
portant
to
note
that sd though this will be the
last large-scale bond drive to be held, the Secretary stated In his announcement that It Is essential
In order
to
to
continue the payroll savings program
finance the continued high expendi-
tures Involved In maintaining occupation forces,
demobilization, and reconversion.
Subscriptions from all
other nonbank Inves-
tors for marketable securities offered In the
Drive will be received from December 3 through
December
S.
Securities offered
Seven securities will be offered In the Vicfour non-marketable and three mar-
tory Loan
—
ketable Issues.
The four non-marketable securi-
ties consist of Series E, F, and a savings bonds
and Series C savings notes all of which were
The three marketavailable In the 7th War Loan.
able Issues,
similar to those offered In the last
war loan, consist of 7/8^ certificates of Indebtedness, 2-l/l»^ Treasury bonds, and 2-1/2^ TreasThe specific maturity dates are sumury bonds.
marised In Table 1 at the end of this article.
Commercial
banks,
except
for
in
2-1/2^ or 2-1/H Treasury bonds
Drive until within ten years of
the
the respective maturity dates.
The 2-1/2^ and 2-1/kil, Treasury bonds will be
dated November 15, \^k^ and the certificates of
Indebtedness will be dated December 3, 194-5. Accrued interest from those dates will be charged
on all
subscriptions entered and paid for after
those dates except subscriptions amounting to
1,000
the last two war loans, the major em-
December S.
All savings bonds (Series
3) and savings notes processed through
the
goal
for the drive was set at 111 billion of which $k
billion Is to come from sales to Individuals and
Of the
17 billion from other nonbank Investors.
flv
own
offered
the limited
purchases described below, will not be permitted
or less for the 2-1/14.^ and 2-1/2^ Treasury
bonds.
Geographic allocations
To avoid unnecessary transfers of funds from
the Treasury again urged
that all subscriptions by corporations and firms
be entered and paid for through the banking inone locality to another,
stitutions where funds are located. This request
made to prevent disturbance to the money
market and the banking situation.
The Treasury
will undertake, as in the 7th War Loan, to see
that statistical credit is given to any locality
was
for such subscriptions
quest, except
that
as the purchaser may resubscriptions from insurance
credited to the State of the
companies will be
home office as in the past.
Speculative purchases discouraged
In order to help in achieving its objective
of selling as many securities as possible outside
of the banking system, the Treasury urged the co-
operation of all banking institutions in declining
to make speculative loans
for the purchase of
Oovernment securities, and in declining to accept
subscriptions from customers which appear to be
entered for speculative purposes. The acquisition of outstanding securities by banks on the
understanding that a substantially like amount of
the new securities will be subscribed for through
such banks, thus enabling them to expand their
war loan deposit balances, is regarded as an improper practice by the Treasury. The Secretary
has requested banking institutions not to make
such purchases.
The Treasury is In favor of the
banks making loans to facilitate permanent Investment in Oovernment securities provided such
loaiis are made in accord with the Joint statement
Issued by the National and State Bank Supervisory
Authorities on November 23, 19'^2, in which it was
Treasury Bulletin
A-2
stated that "eubBcrlbers relying upon anticipated
Income may wleh to augment their subserlptlons by
Such loans will
temporary borrowing from banks.
should be on a
but
criticism
to
subject
not be
short-term or amortization basis fully repayable
within periods not exceeding six months'.
The Treasury requested that all nonbank Investors refrain from selling securities heretofore acquired to obtain funds to subscribe for
the securities offered In the Victory Loan Drive.
This request is not Intended to preclude normal
portfolio adjustments. However, subscriptions by
Insurance companies and savings Institutions will
be subjected to limitations which are outlined In
the accompanying Table 1.
Deferred payments
Life
Insurance
companies, savings Institu-
tions, and States, municipalities, political subdivisions, and similar public corporations, and
agencies thereof, will be permitted to make de-
ferred payment, at par and accrued Interest, for
the S-l/l*^ and 2-1/2^ marketable bonds allotted
to them, up to February 26, 19'*-6.
portion
of
time
their
deposits In Series F and
the S-l/"*^ and 2-1/2^
Series O savings bonds,
Treasury bonds, and the 7/81^ certificates offered
Such subscriptions are limited to
In the Drive.
10^ of the combined amount of savings deposits
and time certificates of deposit of Individuals
and nonprofit organizations or I500f000. whichever Is less, except that the aggregate amount of
Series
F
and 3
savings bonds (Series
19'*-5)
held
by any bank may not exceed the annual limitaSecurities so
tion of $100,000 (issue price).
acquired by the banks- will not be included In the
Drive nor will they be counted toward any quota.
Special Franklin Delano Floosevelt Bond
The
speolal
bond
In
memoiT'
of
the late
President Franklin Delano Roosevelt will first bo
available at the start of the Victory Loan Drive,
when It will be on sale at all agenoles authoriced to Issue Series K savings bonds. *
This bond, In the denomination of $200, with
of $130, will constitute an additional denomination of Series E bonds, and will
an Issue prloe
have the same terms
and
attributes as the other
denominations.
Ckincurrent Investment of time deposits
Table 1, which
follows
this
article, pre-
by commercial banks
sents a comparison of the features of the various
the period from December 3 throu^
banks (which are defined
commercial
December g,
accepting demand deposbanks
as
for this purpose
opportunity to Invest a
afforded
an
its) will be
values and Investment yields of the savings bonds
and savings notes.
During
securities offered;
Table 2 shows the redemption
October 1945
A-
Securities Offered In the Victory Loan, October-December 1945
Table 1. - Comparison of Various Features of Securities Offered
Feature
A-1+
Treasury Bc^-etin
Securities Offered In the Victory Loan, October-December 1945 - (Continued)
1. - Comparison of Various Features of Securities Offered - (Continued)
Table
Feature
October 1945
A-5
Securities Offered In the Victory Loan, October-December 1945
-
(Continued)
Table 2.- Redemption Values eind Investment Yields of
United States Savings Bonds and Treasury Savings Notes
FART A - UNITED STATES SAVINOS BONDS
Approximate Investment yield 1/
On purchase price from
Issue date to beginning
of each half-year period
Redemption values
of tlOO bond
Period after
Isaue date
On current redemption
value from beginning of
each half-year period
to maturity
Series E
(Issue
price of
Series F
(
Is sue
price of
Series
Issue
price of
(
Series
Series
E
F
Series
9
Series
(Percent)
Less than 1/2 year
1/2 to 1 year
1 to 1-1/2 years.
1-1/2 to 2 years.
$75.00
75.00
75.50
76.00
2 to 2-1/2 years..
2-1/2 to 3 years..
3 to 3-1/2 years.
3-1/2 to k- years..
76.50
77.00
78.00
79.00
7't.?0
K to lt-1/2 years..
4-1/2 to 5 years..
5 to 5-1/2 years..
5-1/2 to 6 years..
80.00
81.00
S2.00
83.00
77.60
79.70
80. 90
6 to 6-1/2
6-1/2 to 7
7 to 7-1/2
7-1/2 to g
years..
years.
years.
years.
84.00
86.00
88.00
90.00
to S-1/2 years.
S-1/2 to 9 years..
9 to 9-1/2 years.
9-1/2 to 10 years.
92.00
94.00
96.00
98,00
88.70
90.00
91.40
100.00
92.90
10 to 10-1/2
10-1/2 to 11
11 to 11-1/2
11-1/2 to 12
12 years
years
years
years
years
Series
a
Series
Series
E
T
Series
a
Sioo)
«75)
8
Serlee
E
On current redemption
value at beginning of
each period If held for
an additional half-year
period
Not redeemable
$98.80
t7'*.00
7'*-.20
97.80
71*. 50
96.90
0.00
0.00
(Percent)
2/
2-5?:
0.10
,90
.05
.45
:^
15
25
.61
.75
.89
.61
.75
.88
3.38
3.52
1)49
1.03
1.04
If
3.66
2.91
2.99
3.07
3.15
94.70
94.70
94.90
95.20
1.62
1.72
1.79
1.85
l!49
1.63
1.20
1.35
1.51
1.66
3.75
3.87
4.01
4.18
3.20
3.24
3.27
3.29
82.20
83.50
84.80
86.10
95.50
95.80
96.10
96.40
1.90
2.12
1.79
4.4l
4.36
4.31
4.26
3.29
3.31
3.32
3.35
87.
96.70
97.00
97.30
97.60
2.57
2.67
2.76
2,
2,
2.S4
2.24
97.90
98.20
98.60
99.20
100.00
2.90
2.29
2.34
2.40
2.46
2.53
75.40
76.00
76.70
78. 60
"to
9'J.50
96.20
98.00
100.00
96.20
95.60
95.10
94. 80
.67
.88
.99
1.06
2.
:^°5
0.00
1.
1.
1,
2.
2.19
3.
2.64
2.73
2.82
(
0.00
1.33
1.32
1.32
0.00
2.94
3.04
3.13
3.20
3.W
2.50
4.08
0.10
.54
.81
.51
1.07
l.l4
1.31
2.60
2.56
2.53
1.34
1.5?
i.g4
2.35
1.35
1.57
2.00
2.43
3.26
3.30
3.32
3.33
2.50
2.47
2.44
2.41
2.58
2.80
3.01
3.21
2.64
3.06
3.33
4.76
t.65
3.16
3.11
3.07
3.02
3.25
3.24
3.23
3.22
2.97
2.93
3.11
3.28
3.21
3.20
3.19
3.18
3.14
3.60
3.74
4.08
3.17
3.36
3.75
4.13
3.34
3.35
3.37
3.4o
2.23
2.27
Percent)
2.50 2/
2.62
2.73
2.84
3.54
3.63
42
3.46
3.51
3.72
3.81
3.91
4.08
3.60
3.75
3.94
4.13
3'.
4.17
4.08
3.27
3.26
6
A-
Treasury Bulletin
Federal Government Expenditures for the
Fiscal Years 1940, 1045, and 1946
Secretary of the Treaeury 71naon, In connection with hie otatement on October 1, I9U5 hefore the Ways and Means Conmlttee of the House of Representatives, presented a discussion of OoTemnent expenditures for the fiscal
years I9U0, I9U5, and igl+fi. The I9U6 figures are estimates released hy the
The following Is a reprint of
Bureau of the Budget on August 3I, ig'*?.
Secretary Vinson's statement on GoTernnent expenditure*.
The table below shows
ejcoendltures
year;
19'<-5,
mates
for
by
the peak
19'*-6.
a
summary
fiscal years for
war
of
19'*-0,
Federal
a pre-war
year; and Budget esti-
a year of transition from war to
The table also Includes
peace.
deficits for each of the years.
net
receipts and
ment went to meet the direct
about 76 cents.
costs
of
the war.
revised Budget
According to the
leased /ugust 31.
this
estimates reproportion will drop to
This 'reduction Is the net result
of decreased war
expenditures and an Increase In
other expenditures.
War expenditures, according
to the Budget, will
amount
to
$50.5 billion In
compared with $90.5 bila reduction of about hM^.
The es-
Total expenditures Increased from $9-3 billion In 19^ to $100 billion In 19'<-5, and will
fall off to about $66. 4- billion In the current
the current fiscal year,
lion In
fiscal year which ends next June 30-
at first appraisal In view of the capitulation of
19'*-5,
timate
for
19'^6 of
I50.5 billion might seem high
Japan Just 1-1/2 months
War activities
In
out
of
the
fiscal year
the fiscal year.
19'4-5
more than 90 cents
every dollar spent by the Federal Oovern-
after
the
beginning of
It should be kept In mind,
howbillions of dollars of
contracts have been and will be cancelled, cash
ever,
that
even
though
Actual Receipts and Expenditures of the Federal Government
for Fiscal Years 1940 and 1945 and Budget Estimates for 1946^
(In billions of dollars)
October 1945
A-7
outlay will remain relatively hlg-h for some
Time is required to demobilize more than
months.
12 million men; probably $k billion or $5 billion
be
spent
In terminating war contracts;
musterlng-out pay will require about $270 for
to name some of the factors
each man discharged;
will
which will tend
to
keep expenditures from drop-
ping quickly.
following
shows a rough breakdown for
war expenditures. Including net
war outlays of the Reconstruction Finance Corporation and Its affiliates.
The
several years
of
.
Treasury Bulletin
A-g
substantially below
the
As will be seen from the above table, membership of the United States in the International
current year level.
Expenditures for interest on the public debt
from the level of |'^.5
19''-6, the Budget estimate
will no doubt increase
billion estimated for
public debt outstanding on June 30,
The extent to which
being 1273 billion.
or decrease in the
intejTest payments increase
future will depend upon the rapidity with which
the Government can balance its Budget.
of
total
19U-6,
Monetary Fund will require subscription of $2,750
million, payment for all of which is expected to
be made by June 30, 19'<-6.
Also, on the basis of
payment
Budget estimates,
for the full remaining
authorized capital of the Export-Import Bank of
$999 million Is expected to be made by the end of
this fiscal year, which, together with $1 million
of stock already owned by the United States, will
give
Unemploynent relief
The Budget estimates for the fiscal year
contain any provision for unemploy-
19I+6 do not
ment relief.
In
iglt-O
ment relief amounted
tha-t
bank capital stock
of
$1,000 million.
In addition the Export-Import Bank may borrow not
expenditures
for unemploy-
$2.2 billion, about $1.5
to
to exceed $2,500 million
from
Treasury
the
carry on its authorized program.
It
to
not be-
is
lieved that any of this latter amount will be required until after
year
fiscal
the
With
19'*-6.
billion of this sum having been expended by the
Work Projects Administration. The balance of the
program took the form of aids to youth by the
regard to the International Bank for Reconstruction and Development Congress has authorized sub-
Civilian Conservation Corps and the National
and loans and grants to
Youth Administration,
by the Public Works
etc.
municipalities,
States,
of $3,175 million, of which $317 million is estimated to be paid in the fiscal year
Administration.
The remaining $2,5^0 million can
scription for capital stock by
19''-6
and
about
when needed
International finance
Budgetary expenditures for international fisubscriptions to the Internathat is
nance,
International Bank for ReFund,
Monetary
tional
construction and Development, and capital stock
of the Export-Import Bank,
are
estimated
to
ag-
gregate $2.3 billion for the fiscal year 19'»-6.
This excludes $1.8 billion to be subscribed to
the International Monetary Fund out of the United
States Exchange Stabilization Fund created by the
Oold Reserve Act of 193'*-fiscal "year 19'J-6 follows.
The breakdown for the
Estimated payments in ISh-G
Amount
From ExauthorBudgetchange
ized
Stabiliary
zation
items
Fund
(In millions of dollars)
International Monetary
Fund
International Bank for
Reconstruction and
Development
to
the
950
1,800
meet
Total
1/
be
19'*-7.
called only
proportionate share of
the
the bank In the course of
Other expenditures
The
balance
expenditures,
of
under
the
classification "Other activities",
consists of
aids to agriculture,
(1) the budgetary Items:
public works, social
security and railroad retirement, the Government's contributions to employees' retirement funds and the regular oper-
ating expenses of the various departments and establlshmeats; and (2) net outlays of Government
corporations and credit agencies other than war
expenditures of the Reconstruction Finance Corporation and its affiliates.
The budgetary Items
amounted to an aggregate of
$3.'*^
billion in
19'*-0,
and, although there are
$3,0 billion in 19'+5,
various Internal shifts, are expected to again
amount to $3.4- billion in
19lt-6.
aids
for
to
agriculture, In-
cluding administrative and other expenditures of
the Departmont of Agriculture classified In Daily
3.175
Treasury
317
statements as
to $1,571 million
Export-Import Bank,
capital stock. ...
amount again in
same
any losses suffered by
its operations.
Expenditures
2.750
the United States
to a total
999
6,92'^
the
flseal year 19'W com19'*'6 of about
pared with the Budget estimate for
9391/
2,266
In
'depart men ted", amounted
1,800
Inolndas $3-7^ Billion to be paid to the Beconitroctlon
Tlnance Corporatlos to retire etpltal stock preTloaal^
•ubtcri'bed by that corporation.
$700 million, a reduction of $871 million.
Expenditures
for
tinuing public works
principal items of a con-
character amounted
to
$571
October 1945
A-9
million In 19'f-O, while In 19'*-5, due to poatponementB on account of the war, they aggregated less
than half of that amount.
Such expenditures are
estimated to be about |4oo million In the current
These Items are likely to Increase In the
year.
are estimated at about tl.Uoo million for 19U.6.
These expenditures do not Include costs of administration of "War activities", "Veterans' Administration", "Aids to agrloulture", "Public works",
and "Social Security and Railroad Retirement
Immediate future
as
Boards"
ised additional
outlays
Congress has already authorfor public roads, and
rivers and harbors and flood control.
Expenditures of the Social Security and
Railroad Retirement Boards Increased from an aggregate of IU-93 million In 19U0 to $779 million
In 19'*'5 and for 19U^6 are estimated at about #875
Increased grants to States for old-age
million.
assistance, aid to dependent children, aid to the
blind,
and transfers
Account are
expenditures
to
the Railroad Retirement
responsible for the higher level of
In 19't-5 compared with 19'K).
The
grants to States are estimated to be still higher
In the current year, while transfers to the Rail-
road Retirement Account will be slightly lower.
The
•(Jeneral
balance
of
Budgetary
administration,
etc."
expenditures
—
—
represent for
the most part the regular operating costs of the
various departments amd establishments of the
Oovernment.
million
In
These expenditures amounted to $Sl419U.0,
l,17'*- million
In
19'^5,
The outlays of Oovernment corporations and
credit agencies represent transactions in checking accounts maintained with the Treasurer of the
United States and are stated net, I.e., gross
payments
ceipts.
by the agencies lees their gross reIn 19U0 net expenditures of these corpo-
rations
and agencies amounted to i2^k million
compared with net oollectlone of iikS million In
19'*-5In 19'4-b net collections are expected to be
about |1«)0 million.
Since the war began liquidations of loans of such organizations as the
Reconstruction
Finance Corporation,
the
Home
Owners' Loan Corporation and the Federal
Farm
Mortgage Corporation have proceeded at a faster
pace, resulting In total net receipts rather than
net expenditures as In earlier years In this category.
The lower net receipts In 19l^6 compared
with 19lt-5 Is due principally to an expected
Increase In net expenditures of the Commodity
Credit Corporation In the current fiscal year.
and
Bete: - The clastlfleatlon* a«ed in this article differ to
•one extent from those used Ic the statistical section of the Bulletin.
The oust important difference is that figures on net outlays of CrOTermient
corporations are included, as contrasted vith figures on pages 2 throu^ 10 which cover only hudgataz7 expenditures.
.
Treasury Bulletin
A- 10
it
Treasury Market Financing
Secretary of the
On August 20, 19H-5 the
Treasury announced the offering of em Issue of
1-year, 7/S^ certificates of Indebtedness, to nature September 1, 19't-6, In exchange for the oer-
latter class of holders.
Details on the results of
shown In the following table.
of Indebtedness maturing September 1,
and the 2-3/'*-56 Treasury bonds of 19'*-5-'*-7,
called for redemption on September 15, 19'^5' The
new certificates were available In denominations
the exchange are
tifloates
1914-5
of
$1,000,
#5,000,
110,000,
$100,000,
Issue
Amount
Amount Percent
exoutexstanding changed changed
(In mllllona
of dollars)
and
7/g^ certificates of
Indebtedness due
11,000,000.
Subscription books were
llaturlng
open August 20-22,
except for the receipt of subsorlptlons from
holders of |100,000 or less of the maturing
The books were
certificates or the called bonds.
open August 20-25 for subaorlptlons from the
9/1A5
3.691V
3.'V29
93
l,2llV
907
75
'v,90«
•^,336
88
^-3/^ Treasury bonds
of 19'*-5-'<-7, called for
redemption on 9/15/U^5
Total
October 1945
SUMMARY
OF
FISCAL
STATISTICS
.
5
.
Treasury Bulletin
Budgetary Receipts and Expenditures
(In milllone of dollars)
Tlrat 2 montha,
flwal 7aari l^Ut to 19l<£
Coaplat* flK«l 7wri.
to 19U6
19I13
lotlutsd
iguu
19U6
19"t5
Astul
to
I9U6
Cbao^a
1/
Chane*
I9U5
191*3
iguit
191*5
igit; to
19>>6
••tlaatad
igUfi 1/
B»c«lpttl 2/
Intoraal roTonooi
Inooao and profits tazss 3/
8,819
2.799
3. "108
+610
16.O9U
3U,655
35.173
358
375
372
-3
1.U98
1.739
1.780
I.SUO
1.513
1.595
82
5.291
6.9U9
72
51
65
*lk
32U
U31
355
56U
333
261
916
3.292
3.1*83
5.053
5.071
*96k
23.385
U5,l|08
'7. 7110
325
31*0
3U2
2
1.103
1.260
1,2S3
U.728
11,731
5.692
9S1
22.282
l4l»,ll»9
U6,U57
Var Department
8.027
S.OlU
7.815
-199
1*2.265
U9,2l»2
50.337
Vavy Oepartaent
3.935
5.093
U.Ull
-683
20.888
26,538
30.01(7
Mlscellansous var actiritlei.
1.702
1,66U
1.1*96
-168
8.955
11.259.
772
13.722
-1.050
72.109
87,039
226
162
227
1*80
12
255
613
251*
+92
+386
602
1,308
75
223
615
1.31*8
733
Aid to acrleulture JJ
135
92
55
Social secwitj profraa JJ 10/.
285
305
91*
62
328
3«3
bplojrasBt tazss
Klsesllsasous Intsnul rsTsnos
Custoas
|t/
1
Othsr rscelpta 2/
Total roGsipts
Loss:
Hot approprlationi to 7edsral Old-J^s and
SuTTlTora Insurancs Trust Fund
Vet recslpts
36,000
-10.1»57
51.000
-39.029
90,029
51,000
-39.029
730
2.609
262
2, 060
3.200
U.500
2,900
1,11*0
3.617
1.707
2,U«5
3,601
7.381*
10,600
3,216
-36
1,163
909
762
298
-7
735
803
81
+I108
3
3.1*00
66
51*3
1*33
323
1*23
*39
1,1U2
958
1.092
enditures
6/
actlTitles:
:
'ar
Total
13,661*
Tetsrano' Adalnistration. Interest on public
debt, and refunds of taxes and duties:
Tetsrans' Adsinietratlon Jj 8/
Interest on tbq public debt
Refunds of taxes and duties 2/
97
111*
Total.
Ptibllc works
Othar 1/
11*.
9.6U5
Intemational finance
Total expenditures 6/
Irt biiagatary deficit 6/.
SoQTcai
•
1/
2/
2/
kj
^
6/
2,300
883
1,193
u/
2,300
729
16,229
15.911
-318
78,179
93.71*1*
100.1*05
67.300
-33.105
10.001
11,1*98
10,219
-1.279
55,897
1*9,595
53,91*8
31.300
-22,61*8
11*.
Actual receipts and expenditures come from Bally Treasury Stateants; source of estinated figures is explained in footnote 1.
Less tban $500,000.
Based T^on Budget estioates as reTlsed Au^st 31, I9U5. Classificatiens herein are based upon data susceptible of segregation according to Caily Treasury Statcmente and vill not necessarily agree with
classifications in Budget document
Tot further details, see following chapter. Tables 1 and 2.
Includes receipts from taxes withheld by employers under the Berenue
Act of 191*2 and Current Tax Payment Act of 19U3.
Includea chiefly alcoholic bereraga taxes, tobacco taxes, manufacturers' and retailara* exclae taxea. and aetata taxea.
Includea depoaita reaultlng from the renegotiation of war contracts.
Information on the amount of such deposits is not arallable on the
basis of Qaily Treasury Statements. On the basis of coTorlng warrants, Bux:h deposits were as followst
fiscal year 191*3. $558 million: fiscal year 19>*lt, $2,235 million (of which )113 million repreaenta a Toluntary return of exceaa profits); fiscal year 191*5.
$2.01*1 million (of which $811* million repreaente a Toluntary return
of excess profits).
SKCludaa expeodlturea for public debt retlramenta which are charge-
JJ
8/
^
10/
11/
able to the ainking fund, etc. under apecial proriaions of la*.
Tor further details regarding axpenditurea aee following chapter,
Tablee 1 and 2.
Includea tranafers to trust accounts, etc.
.
Includea axpenditurea for public worka undertaken by Teterana' Administration.
"Sefunds of taxas" inoluda amounts transferred to public debt accounts to corer issuance of excess profits tax refund bonds and exclude refunds of taxas under the social security program. Tor discussion of excess profits tax refund bonds, aee following chapter.
Table 3.
Includea railroad retiravent and railroad unemployment activltlea
and axcludea ea^endlturea made by Office for bergency Menegement,
Var Manpower Comffllssion (U. S. ftiployment Serrice) under authority
of the Social Security Act.
Comprlsss $950 million for payments to International Monotaiy Tund;
$317 million for payments for capital stock of Intemational Bank
for Beconstruction and Dewelopment and $999 million for paymenta
l!he firat amount axcludea
for capital atock of Zj^ort-Import Bank.
The
$1,800 million to be paid from Ixchange Stabilisation Tund.
third amount axcludea $1 million of common atock heretofore laaued
by Xxport- Import Bank and purchaaed by the United Statea.
;
October 1945
Public Debt and Guaranteed ObligatlonB Outstanding
(In Bllllon( of dollara)
Sonrca:
1/
Sail/ Treasiuy StatCBCoitt. axoept aa notad.
Baaad t^on Bodgat aatlaataa ai rariaad injiiat 31. ^S^-
2/
2/
Datalla not anillabla.
SislTidaa goaTantaed aaeorltlaa bald by
ttaa
Iraaanrr.
Treasury Bulletin
AND EXPENDITURES
AND
APPRO PRI AT IONS
RECEIPTS
t
...
.
.
.
)
October 1945
Bufisetary Receipts and Expenditures
Table 1.- Summary by Major Classifications
(In mllllOD* of dollara)
B«e«lpti
Xxpaadlturaa 1/
Oroat r«eelpta
flic&l ysar
or Donth
Total
receipt
1936.
1937.
1938.
193919IK).
igiti.
19U?.
19'»3-
19Wt.
19U5.
19Ul4->ii£aBt
Sflptesbsr.
October.
BoTanbor.
.
Oeeemb«r.'.
19U5-JaJiuary...
Pebruary.
March
iprU..
May....
June.
.
JtOy,
..
tatanwl
Othar
raealpta
reTaoua
2/
U,ll6
3.513
5.?9't
l».597
387
C86
216
210
i.Ski
5.668
5.955
8.269
13,668
23.385
5.67t
5.161
5.303
7.362
12.993
22.lWt
359
319
208
188
31*9
2732/
5152/
2862/
I*5,lt08
ltl.685
'»3l
3.292U/
47.7110
1(3.902
355
3.'te3ny'
392
389
32"
L«aa net
approproatton* to
Vedaral
Old-lea and
SurrlTora
Inauranea
Truat lUnd j/
Hat
raealpta
661
869
1.103
1.260
1.283
2/
u/
2/
Oeaeral
Tr ana fan
to truat
accounts,
etc.
bad^tttary
laflclt
1/
5.9U6
900
1.820
t.550
1(03
6.61(1
929
1.029
1.206
1.657
6.301
608
225
187
3.l'(?
loU
1.3811
65
58
232
6.1%
1(6.1(57
93.7K1(
100. 1(05
3.611
5.103
19.598
55.897
1(9. 595
2,568
5.926
8.119
7.930
1(92
2,001
1(98
5.985
7.313
7.109
6.079
6.005
5.635
10/
26.
331
OH
72.109
87.039
90.029
l.ft6
7.571
6,998
57
22
2.00l(
1(09
7,1(79
7,1(01
891
7,503
U7
18
22
6.023
5,587
2,999
6.730
53. 9
2.702
5.7^9
23
25
2.05U
2.506
5. lag
1,880
2.300
U,9U5
29
27
29
TM3
178
265
2,21(0
8.02U
7.828
Wi
2
5.1(16
8,1(16
3.587
5.987
S,90S
3.ote
3. 815
S.UJI
36
23
33
509
31
220
5«l
7.551
1(63
15
9.U33
1,1U2
6.91(8
8.21(6
69
Ug
l(,6l(5
7,1(60
l(V(
3.556
3.767
6.892
8,202
11(9
''5
2.51(0
2,967
3.398
5.916
2.7I16
188
II
1(1(1
2.929
3,085
5.3*
33
1(98
39
313
2
5.9ll(
7.9«8
9,275
3,9a.
59t
822
1,U69
7.139
8,156
7,837
236
296
335
6,190
3.727
2.75^
3.281
2.527
33
32
195
59
283
2,695
2,997
8.557
7,35K
70l(
7,32'»
530
79i»
6,398
162
291
1
1|00
Less than $500,000.
HxcludeB amounts for public debt retirement which are chargeable to
the sinking fund, etc. under apeclal provlalona of law.
For further details, eee Table 2.
7or eiplejiatloa see tables which follow entitled "Social Security
Program",
Tot further detalle, tee Table }.
Tor further detalle, see Table U,
For further details, ?ee Table 5Total expenditures less net receipts.
Represents expendltores for public debt retirements which are chargeable to the Qlnklng fund, etc. under sneclal provlalonfl of law.
Such raIncludes recoveries of U. S. InvestDents In capital funds.
cOTerles totaled $5U million in the fiscal year ig^W; $319 mil-
910
95
W
2.859
5.927
2,81(9
eat*
5/
13t
153
2,921
ratlra-
8.666
8.177
7.239
8.707
8.998
12.711
32.397
78,179
5.551
3.693
5.01(0
5,862
i.357
lion In the fiscal year 19UI; $lg million In the fiscal year
191*2; and $10 million In the fiscal year I9U3.
Receipts from reductions In capital stock and paid-in etirplua
arallable to be reissued under existing law are Inclixled as negative Items under expenditures.
Such reductions totaled $315 Bil-
Daily Treasury Statcneats.
3/
War
actlTItlaa
6/
i(,u6
5.029
5. 855
5.165
5.387
7.607
12.799
22.282
Wt.iUg
265
387
503
916 2/ u/
Kiblle
Total
ezpendlIturat
10/
lion.
Includes deposits resulting from the renegotiation of war contracts.
Information on the amount of such deposits lo not aTailable on the basis of Dally Treasury Statements.
On the basis of
covering warrants, such deposits were ae follows:
fiscal year
19^5, $558 million: fiscal year iq^*'-*. $2.?55 million, of which
$113 million represented a voluntary return of excess profits, and
fiscal year I9U5, $2,oUl million, of which $8lU million represents a voluntary return of excess profits.
11/
Table 2.- Analysis of Receipts from Internal Revenue
1/
(In millions of dollars)
^Bploytunt ta
Income and proftta taxee
Withheld by
employers (Currant
Tax Payment
Fiscal year
or month
Social security taxes hj
Othar
Federal Ineuranca
CcatrlbutloQS Act
(Old-age
insurance
Act of 191+3)
2/
1936.
19371938.
1939.
Federal Unemployment Tas Act
(Unemployment
Insurance)
Carriers' Taxing
Act of 1937
(RaUroad
Miscellaneous
internal
revenue
retirement)
150
109
2.010
2.181
2.279
?.232
121
2.31(5
1,1(27
3.513
1,1(27
l(.597
2.163
2,163
253
19U
2,S1(0
2.61(0
755
2.189
2,1?5
2.189
3.125
3.1(70
3.1(70
191(2.
19l(3-
5.67U
5.161
5.303
7.362
12.993
22,1UU
7.960
16.09U
7.960
833
925
1,186
l6.09l(
1.1(98
19l(U.
1(1,685
3'(.655
26.262
191*5-
1(3.902
35.173
8.393
10.289
2l(,88l(
1.739
1.780
51U
530
60U
691
896
.130
,292
,310
2.702
1.552
1.065
1(87
J19
12
ll(
832
SaptsBbar.
5.7'«9
5.17'(
^^
U,l(32
61
1
57
51l(
October.
1,880
2,300
1.21(0
609
632
1
5»
1,501
^?^'
3
11
l(,9l*5
'(,3'(7
3,606
60
293
60
ih
55
507
539
1,803
1,627
(,935
1(8
33
1
5n
3U1
93
222
18
6?
520
1,567
Ul
1
53"'
71(5
316
i
561
19W.
191(1.
I9l(l(- August
OTSBbar
UMaabar.
19U$-Jw>iiU7-
-
3,01(2
2,1(22
619
fatnaxr.
3,815
6,1(31
2,922
5,818
1,295
Mtfoh.
. .
tprO...
Mar....
Jnlr. ..
incust.
cat
•
y
2/
883
2,7U6
2.9Z1
2,167
2.027
600
1,382
5.38>»
l(.757
826
,65
669
i.aoo
2,527
2.81(9
1(66
71(0
3,930
m
l.O-
66
JO6
Sally Tr«aaaz7 Statamente.
Lass tban t500.000.
Iter further detaUe. sm chapter entitled "Intarnal aa»»nu» Statistics'.
XKdudes raoaipt of vlatoTy taxas vlthbald pursuant to %h» Baranna
Act of 191(2.
Such receipts haT* oa«i daaalflad aa •Othar* laooa*
and proflta tax»e.
2I?
58
90
101
108
98
120
158
180
185
U
137
170
209
267
2^
77
2.967
3.81(7
U.553
5.291
6.9U9
552
12
5
2
62
286
3
1
12
I
3/
t/
Agricultural
adjustment
taxes
T18
«T7
Xocludaa tmjuat anrlclvant tax.
Tbr the period prior to Saptsnbar 1939. the data in the ool^e
entitled "rederal Inaurancs Contributions Act* and *7.dval tAis»pleyaant Tax Act* represent oollections oadar Titles Till and XZ.
reepaotlTaly. of the Social Sactrity Act.
..
.
Treasury Bulletin
Budgetary Receipts and Expenditures
-
(C!ontlnued)
Table 3.- Analysis of General Expenditures!/
(In alllloiii of tollars)
Tatarana' Admlniatratlon,
intaraat on public dabt, and
rafuadi of taxaa and dutlaa
Total
Ref^uul•
tranaral
or oonth
Tatarana'
aipandIturaa
AdjDlnlat rat ion
i/2J
19361937193«1939.
19M0.
5.9U6
6.6U1
5.985
7.313
7.109
1,381
1.503
1.567
19U1.
19U2.
6,079
6,005
5.6^5
6,149
8.730
1.751
1,906
Saptam^or.
U92
910
287
775
Octotflcr
U98
891
306
257
729
581
463
369
322
1,11(2
91*7
19UV
19W.
191*5.
19ltl|-Aii«uat
.
NoTombor
Docembor
19't5-J»''o»ry
.
Tobniary.
M&TOh
IprU.
M«5r...
JUBO.
.
1)09
1.687
2.1*56
553
555
572
3.500
6,258
932
7U9
866
926
9ltl
1,01(1
1,111
1,260
1,808
2.609
3.617
77
581
1/5/
1(,561(
r
•
i/
5/
6/
progran
i/6/
1/
933
970
853
1,229
'35?
1,001
5.1(21
1,51*0
392
91*9
87
91
U.327U/
8U7
1,098
1.093
912
76312/
'»57
738
680
5U3
U33
323
262
1.707
2,61(9
139
125
201*
2,1*7213/
103
128
95
135
191
OlTlllan
Conaai^
otherwlaa
Tntlon
olaaaifiad
Corp a
not
M97
29
29
36
28
20
27
33
1.02U
po
80 1*
fel
5ii
590
692
788
78
191
100
156
213
51
5H
ll*2
f7
61*
23I*
191*
20
55
32
628
37
70
11*5
85
1,009
556
103
110
156
99
181
1(8012/
3"*7
20
20
25
61
f^
28
177
239
>(£
TrMLSury Statamantt.
Tor monthly data for the parlod July I9U1 through July I9UU,
see "Traaauxy Bulletin" for Septamhar I9U5. pagea 6 and 7*
Ilblly
Barlsad to adjuot claiolflcation.
Leas than $930,000.
0«neral eacpeodlturea now Include azpendlturea for rerolrlng funda;
haok fl^urea have beon raTlsed aooordlngly.
Inoludee pxihlio worka undertaken by tha Veteran*' Admlniatratlon.
Doea not Include tranafara to trust acconnta, etc. Theae are
ahown In Table 5.
"Refunda of taxea" ) 'olnde arooxmta transferred to pnbllo dabt aocounta to cover la* aoe of exoeaa proflta tax refund bonda and
exclude refunda of tw-ea under the Soolal aecurlty program.
Scr*
oeaa proflta tax refund bonda were formerly lasned to corpor»tlono entitling then to a poat-war credit ecioal to 10^ of the exoeaa proflta tax paid. The Tax Adjuetment lot of 19^^ reduced by
10^ the amount of oxcese profltn tax to be paid and abollahed the
poat-var credit. Tor anoxmts of excesa proflta tax refund bonda
laauad. aee the flret table In chapter entitled "Public Debt and
Quoranteed Obllgatlona of the United Statea OoTemment". OutatandIng excesa proflta tax refund bonda may be redeemed at tha option
of the holder oomaenolog January 1, 1946; irtien euoh redaoptlons
oooor, they vlll appear ae retlranente of piiblio debt.
Oonalata of Admlniatratlon of Sugar Act of 1937i Agricultural AdJuatmant Agency, exportation and domeatlc consumption of agricultural oommodltieai Farm Credit Admlniatratlon. Term Security Administration, Federal Fbrm Mortgage Corporation, Federal land banka,
Rural Elect rlflcatlon Administration, Soil Conaerratlon and Xxtenalon Service, Department of Agriculture departmental e^endltTirea,
and other.
Includee railroad, retirement and railroad unemployment aotlvltlea
33812/
16
25
30
33
225
11(9
266
35
X/
8/
^
10/
11/
12/
1^/
Mlacallanaooa
10/
386
326
290
283
257
163
18
1.759
1.895
l,U76
20U
167
2,21(2
125
138
i.5n
1.37U
970
299
17
lUl
129
129
121
66
101
16
6
68
63
75
85
5§
96
1(86
91
33
133
It
Dlract
and
work
raliaf
2/
1*2U
5.136
U.U16
5.751
U,099
3.178
Dapartmantal
8/
56
59
66
89
Back Flgurea:
1/
acurity
Public
worka
560
31*2
79"*
a«rlooltura
Social
7^
369
70I*
to
70
1.319
Aucuat.
Aid
of
taxaa
and
duties
y
822
J1II7...
Sonrosi
1.56l«
578
581
582
557
557
Intaraat
on tha
public
dabt
1.1(69
59'*
Otbar canaral aspandlttiraa
-1
10
8
8
61
9
?7
11
8
%'
6
15/
u/
2l>
and excludea e^andltiirsa made by Office for Bnergencgr Management,
Var Maiq}ower Commission (U. S. Ibployment Service) under authority
of Social Security Act. For further details, see tables vhioh follow on the Soolal seonrlty program.
Inoludee public bnlldinge. public hlgfavays (Including forest roads
and trails), river and harbor work and flood control, Tennessee 7alIvy Authority, Federal Public Housing Authority (formerly TT. 8.
Bbuslng Authority), reclamation projects and the Public ¥ozks AdmlnIstrationa
Sxolndes certain e^eudltures for ptibllo works In connection with war aotlvltieB by the Federal Vorks Agency, beginning
July I9U1.
Sicludes expenditures for the IT. S. Maritime Commission, departmental expendlturee under the Soolal aecurlty program and the Deportment of Agriculture departmental azpendltnres.
Tor additional information, see "Treasury Bulletin" for August 19^*
page 6.
Includes ao^enditorea for the followlngi
Office of Xducation. and
Public Health Service of the Federal Security Agenc^r; Post Office
Department postal deficiencies; Federal Housing Administration;
Treasury Department investments in Federal eavlngs and loan asaoolatlona; certain eipendlturea of the Panama Canal; and capital atock
of tha Federal Deposit Insurance Corporation. Home Ownsra' Loan Cox^
poratlon. Federal home loan banks, and Disaster Loan Corporation.
Orose expendlturee have been reduced tl60 million representing the
repayment of capital funds by certain United States Oovemaent agencies.
Tbr further details sse "Treasury Bulletin" for June 19^3*
page 9> footnote 12.
Includes $2^ million for restoration of capital Inpalmant of Oobk
modity Credit Corporation m^plicable to fieoal years 1943 and 194U.
Classified as mlsoellanaoua expenditures commeoclng July 1, 19^*
:
i
..
October 1945
Budgetary Receipts and Expenditures
-
(Continued)
Table 4.- Analysis of Expenditures for War Activities
(In llllona of dollara)
Mlaoallansooa
or aontb
Total
OlpaTt-
«nt
Hary
Dapartmaat
Total
iaoal-
A^lool-
tur«
lanaona Dapartvar aoa«it
ralaral
Saoxtrltr
tlTltlM
900
929
1.029
1.206
1.657
1936
1937.
19381939-
1
igw.
ff7.039
U9,2l*2
I9i»5.
90,029
50.337
9.6i*5
1,198
153
133
122
7.571
6.998
U,og7
3.905
982
798
iS
26
10
7,U79
'1,091
71*0
7,iioi
3.978
7.503
U,19lt
.
IJIt^annuT...
Tabroazy.
Marob
tfTil..
jaguMt.
It,
8.2lt6
All
870
291*
3,866
U,6gU
99
62
2,ll»3
lU
17
62
215
228
185
6O8
539
70
Zl
17
13
18
2it
33
52
519
l.SOl
.
132
1.105
1.922
200
2,0ll2
I'M)
l.>t62
2,776
3.812
3.2«7
lU
6
6
152
102
372
335
1
6
110
U
U
U8
326
298
302
152
183
l,l»32
IS"*
102
9
19
17
112
8
15
-9
lU
102
lit
l'»7
5
9
17
12
-2U
9U
lU
8
136
18U
228
259
180
166
189
8
lOlj
2U6
1
159
103
l£s
209
220
5
12
U
U
2»
2
11
19
12
12:
195
20
12
8
803
85
7,139
8,156
7.837
U.u6
731
'.530
U.66k
901
885
68
87
80
7.32't
h,^^o
3.5^5
793
703
89
98
6.398
Osltad
Othar war
aotlTlVat Ion
Ballaf and
tlai
to
pU* China Eababill aipandltat
Ion
tnraa
Mala.
A4aln.
2/
Var
Shlp-
itgo
69^
2.011
Dcptadbar.
aion
-12
-6
99
Ootobar.
VoT«d>ar.
Daeonbar.
tratln)
1
310
3.362
8.955
11.259
igUlt-Ailgoat
1/
OBltad
Stataa
Dapart- Marltlaa
Aant
Coaaa-
Traaamy
-12
-6
667
19UJ.
ieanOT
Sarrloa
(adBlnl»-
i»32
3,678
lU.OJD
'2,265
19U1.
19U2.
SalMtlTO
aatlrltlaa
3«3
378
6,301
26,011
72.109
19'to.
fctlonal
TtOmnl Booatn^
Work!
wu
u
5
6
12U
137
^
277
161
159
191
llO
Treasury Bulletin
Budgetary Receipts and Expenditures
-
(Continued)
Table 6.- Totals by Months, Beginning with 1936
(In ollllone of dollars)
Cftleadax 7*«r
Jan.
Apr.
Tel).
««7
Jnn«
July
Dm.
*»«.
S«pt.
Oct.
ltI2
U99
7U7
678
272
292
300
233
367
273
286
350
517
823
672
1.372
5.798
5.650
265
331
113
372.
Wt7
676
711
1.135
279
361
362
561
521
1,212
1.918
5.S3I
8.8I9
587
2,721
2.568
2.997
2,527
5.UU7
5.926
607
2,030
2,001
601
2,099
2,2U0
2,701
5.736
5,116
16.I03
31. 551
lA.uai
676
632
718
677
565
737
56U
716
830
9,211
7,751
8.097
Nat buds«tar7 receipt* X/
1936.
1937.
1938.
328
239
29U
218
230
308
1939.
271
315
3U0
3'*1
758
955
2.503
3.767
3.5U7
5.206
6.573
6.892
191*0.
19ltl.
578
788
2,7U7
igw.
19^.
3.556
752
957
916
231
318
262
256
290
373
367
6S7
UUU
799
1,566
213
30U
565
3U7
iwo
39U
695
563
i.Ugo
2.950
3.085
l,51l»
3,087
2.929
529
828
29"»
77l»
557
6%
1,276
2,U92
U.569
7U7
2.007
2,163
2.695
6,2'*7
5.91U
Budgetary expendltxiree
UI19
397
.333
71*0
^
1936.
1937.
1938.
521
539
I92
180
516
I7U
636
766
705
631
695
631
686
511
566
2,127
1,253
930
656
635
725
571
517
6I5
1939.
19I0.
19I1.
656
712
1,111
612
668
1,075
320
822
1,399
730
783
1,315
691
895
887
1,528
761
818
1.598
771
706
711
759
l.lll
1,529
1.87I
721
869
2,083
618
817
1.858
832
1,172
2.512
8,885
9,657
19.053
1912.
19I3.
I9II.
1915.
2,628
6.372
7.570
8,202
2,629
6,119
3.121
7. 351
7,862
7. 160
8,525
9.133
3,753
7,166
7.859
7.968
3.953
7.135
8.292
9.275
1,530
8.327
8,625
9.611
5,160
7,112
8,110
8.557
5,215
7,617
8,119
7.35I
5.931
7,535
7.930
5,937
7,156
8.021
6,363
7,839
7,828
6,500
7.152
8,116
56,020
88,0Sl
97,158
177
I05
273
137
331
171
199
-183
296
157
1.872
1.956
2.117
6U7
^6^
635
Ket tudgetary deficit j/
1936.
1937.
1938.
293
300
198
262
316
166
-116
-200
-212
loo
377
369
U30
221
193
1,898
125
156
1939.
1910.
I9I1.
385
398
771
2I5
132
22
-167
517
179
750
3I3
21*7
339
237
53"
717
252
19I2.
1913.
19I4.
1915.
2.050
5.581
1.823
1,615
-126
2,117
1,952
2,5l0
3,058
5,952
1,772
5,010
3.391
5.955
5. 312
6.190
2,037
3,758
2,378
3.727
Sourcei
1/
1,871
5,161
3':§l
Bally Treasury Statemente.
Total rocelpte leea net aoountt transferred to Federal
Old -Age and SurrlTOr* Inatirance Trust Txind.
2/
^
362
268
151
231
105
195
-115
10
1*99
187
1,185
U02
258
1,133
18
739
536
1,637
28l
155
I.29I
I32
1.329
3.967
3.823
10.20U
1,113
5,105
5,917
5.862
1,628
1,896
5,551
1.357
3.I0I
2,087
2,00l
5,331
5. 126
6.023
5,761
5,710
5,587
3.799
1.716
2,999
39.618
53.530
52.737
65
Excludes public debt retirements.
Total expenditures less net receipts.
3U
October 1945
BUDGETARY RECEIPTS AND EXPENDITURES
1940
1942
1941
1943
1944
1945
DOLLARS
DOLLARS
Billions
JMMJSNJMMJSNJMMJSNJMMJSNJMMJSNJ
M
N
S
J
JMMJSNJMMJSNJMMJSNJMMJSNvlMMJSNJMMJSN
7
Net Budgetary Deficit
6
N»gativ0 figurts reprtstnt Nat Budgetary Surplus
5
V
\
d
4
3 Month
3
Moving Average.
2
I
lyfetrrflitriM
I
J
I
I
I
I
I
M M
I
J
1940
S
N
J
I
I
I
II
I
I
M M
J
1941
S
N
I
J
M M
J
1942
Offica of tha Sccrstory of ttM Traosury, Division of Resaorch ond Statistics
I
S
I
I
N
r
J
J
M M
I
I
J
1943
I
S
I
I
N
il
I
J
I
I
I
ill
I
M M
J
1944
S
N
J
I
M M
J
I
S
I
1
I
-I
N
1945
B-I6e-H
.
.
..
.
e
.
Treasury Bulletin
10
Trust Accounts, Etc. Receipts and Expenditures
(In millions of dollars)
necal year
or Donth
Total trust
fusds (to
(aet receipts (+)
or net expenditures (-}]
,
federal Old-Age and
SurrlTors Insurance
Trust fund
Beeelpts
Bet
latlonal Service Life
Ineurancs Aind
Expenditures
let
Beeelpts
Ixpendltures
Beeelpts
Het
-85
1936
1937
1938
1939
19U0
267
267
1*02
1*01
529
577
707
931
.185
.357
+881*
+1
+1
136
3
530
5«0
igiti
-ll*8
10
717
191*2
191*3
-3.506
-1.861
+6
191*1*
-i*.05i
6
19U5
+798
+30
igUlt-Auguat
September.
+70
+273
-293
291
-21(1*
+2^
2^
+255
91*0
.190
.363
.U07
19l*5-Jamiary.
February.
>taxch
Jprll
May
June
July
August
l.lli*
1,118
1.21*1*
1.21*3
1.399
1.567
1.508
1.
1
u
1*6
-U
+11
+26
316
905
2,127
36
320
893
2,102
-51
-7
72
I2I*
298
100
107
-19
93
97
99
93
118
UU
+17
117
129
-11*
233
303
575
+16
-12
18
+19
-305
5
19
19
309
+238
+101
+262
+29
+200
-200
36
220
23
7
19
223
+2
+11
-7
116
128
122
+9
39
22
23
"IS
+51
+7U
-101
281*
-1.050
+17
+290
-308
-116
-50
*^
59
283
23
23
-10
+67
189
+260
313
107
3
+1
+639
-193
€86
291*
751
837
957
1
+1*
?"
21I6
7"*
+30
-29
-3
Trust Accounts, Etc. Receipts and Expenditures
Beeelpts
Xxpendltures
+2
+2
-2
11*8
11*6
109
123
107
125
127
116
11*1*
ll|l*
1.561*
221
273
I.508
321*
217
275
323
1*01*
295
37
309
38
+5
-1
58
253
38
28
283
38
+1
98
212
"s
II
-5
1
5h
3U
•
1
35
3U
+1
*
1
31
290
97
36
35
•
•
73
50
180
259
273
81
1*7
278
97
199
179
Bet
19
291*
+11
.377
+II1S
.
Xxpendltures
763
838
959
+12
.
Betl resent Account
19
275
October.
NoTdmber.
December.
Railroad
UnesploTment
Trust fund
-1
-1
13
ISO
(Continued)
(In ollllottB of dollars)
Other truat acconnte 1/
?lecal year
or month
Net
Eeceipte
+3U
+20
366
331
19U1
19U2
+20
1*06
386
+I16
1*72
I|26
19»*3
+92
+129
+620
6sg
567
820
1.072
+2l*
+35
19U4
19U5
igUli-August
^P
3^
91*9
1.693
11*1*
Septeoher.
October.
KoTember.
December.
61
+28
.
*?5
igU5- January. .
Tebruary.
March
+1U0
+73
J^rll
May
+10
+109
J^e
July
August
2.053
858
+61*
.
.
.
.
+53
-313
113
128
2,020
S38
327
325
P
68
85
93
83
1*1
135
122
103
-18
75
11*8
Seigniorsge
on ailver
SxpenditoreB
1936
1937
1938
1939
1940
-1*
Increment
on gold
128
153
226
117
355
302
82
391*
lUa
MiBcellaneoue funds
and account 6 2/
Receipt
-1I03
•176
-99
-51
-5
+1IO
+90
+%
E^endituree
Transactions In checking accounts
of Govemaent agencies* etc. (net)
Is0uance of
ObllgatlODB
(net)
y
Other
tranaactlons (net)
.
.
October 1945
11
Means of Financing Cash Requlreaento
(In
allUou
of tellari)
iBOont T»^aix*i to te flnaouad
tttal
r«qalr*d
to ba
financed
or Bonth
let
teflelt
1/
SH
lAoreas*
In Oanaral
NtiBfl
in trust
aoeoanti,
•to.
of flnmBlaf
lasTMa* In
flnaaead
poVLle
toM
Bat d>er«aa«
iB tawral
fkmd ImlMina
2/
5.078
7'tO
128
338
3.275
2.528
9U7
2,61*«
622
igUi.
19l«.
5.103
19.598
55.897
191m!
19U5.
%.5?5
53.9'»«
19Ult-Aiienit
—
ll|8
5.?9l»
358
6,515
3.506
1.861
23, '•61
64, 271*
61>,27U
10.6fi2
'',529
•»,051
.^]
6U.307
57,679
798
1,229
-307
U.252
2.555
70
7l!8
5.127
188
1U8
639
2,630
2,292
2.036
238
101
5.551
2,00U
Ooto'ber.
BoTeDl)ar.
6,023
Decenber.
Is'.bZb
6,023
5.587
2.999
3.693
U,6U5
3.693
i.ne
3.693
z,3W
2.5110
2,5110
2lt2
5,0l«
6.190
19.890
5.0l«
6.190
3.727
5.0I10
6,190
19,850
i.iao
3.763
19.850
3.911
1.71a
5.978
5.862
116
50
5.978
U.UoT
3.362
956
2.615
''.357
19l(5_Jainiar7..
iprU.
May...
Jima.
July...
Ai^guat
IkUy
15.073
TraaarxzT Statflmacta.
Xzcludaa amounte for pnjbllc da1)t retlrenant vidch ara chargeable to
the aintrlng ftmd, etc. under apaclal proTl alone of lav.
CoB^riaaa truat accounta. ahanHng aocounta of OoTemmaat a^anclaa.
.
2/
12,l»33
193
U.6l»5
Tebnaary.
March
Source:
ly
5,55
2lA
1.050
6.023
5.587
15.626
306
890
136
23!»6l
5.551
Z,2k8
Ssptambar.
•te.
1/
8l40
19361937.
193«.
193919'W-
r«o*ipta
in trust
U,76l
15,626
1.300
262
etc., increment on gold, aelgnloraga on ailTer, and adaoallanaoua
Xscranant on gold ascludaa aapaadlturaa for
funds and accounta.
national bank note retiraoienta.
U
6
..
.
.
.
U
Treasury Bulletin
12
Social Security Program
Section I«- Budgetary Receipts and Expenditures
Table 1.- Social Security Act
(In
illlona of doUari)
B«ealpti
Orots ncAlpta
Social 8aeurlt7 taxaa
risoal 7*ar
or Bonth
fadaral Innrance
Contributlona Aat
(01d-ac« Inauranca)
Tadaral Unaq>lo7vant
Tax Act
(UnaoploTaant Inauraaea)
Laaa aaoitata eradltad to
radoral OlA-Afa and
SorrlTora Xnanraaea
Truat Tand
•t
r«o«lpt«
2J
u
19U.3
252.2
1937
1938
1939
19»0
igUl
igte
eou.it
5lU.lt
631.2
530.U
60U.7
690.6
895-6
1.130.5
1.292.1
1.309.9
A2.2
7«8.2
1,01;.
1.2S8.9
1, It 72.0
WH?
19W
19't5
19U-iiiciiit
S«pt«iib«r.
October...
BoT«Bbar .
Dacanber.
217.
128-2
I7U-5
126.9
IU6.7
185-9
212-5
211.5
37.7
661.3
86B.9
..103.0
.259.5
.283.0
U.7
293-3
3.8
-12.8
265.0
3*7.0
503.0
57.8
90.1
100.9
107-5
97-7
119.9
158.
179.9
I8U.5
lA
IU.2
3.1
290.8
.7
55.".
3-2
278.5
U.9
267.3
U.O
U.2
Jl
-9
2.1
5.0
13.0
2.8
>>£.;
IterOh
336.3
27.U
33.3
222.1
17.6
13.2
11U.3
9.7
31>0
219.7
15.3
116.6
12.0
iprll
M«y
Jvn»
1IU.0
Ul.2
328.0
6.2
2.8
12.3
1.6
38.8
313.2
2.2
3.0
12.1
59.0
283.3
19l)9-Jum*r7.
TabrnaxT.
.
my
Ix^ast .
61.5
285.8
6it.5
297.9
. .
i5:?
3-9
i5:|
bqpaadltaraa
Qranta to Stataa
AdBliLla-
tratlTa
ezpaaaaa
Aid to
Old-ace Aid to
aaalat- depandoDt
tba
aaoa
ctvlldran tiltnd
182.7
332.5
3*3-3
38U-2
UU9-U
50U-U
527.2
52U.2
U9I.3
15-8
20.0
21-3
25-3
31.5
31.5
33-3
32-1
31-9
166.9
271-5
320.3
356.5
U15.2
U69.6
U91.I
US8.0
U5I-9
I2U.8
182.2
208.8
227-6
260.1
299-1
316.9
360.6
333.6
lt.3
25.5
31-0
U5.U
63-2
69.U
67-3
57-0
52.8
-1.8
6-1
38-8
28.3
31.8
22.9
5-0
Septamber.
37-6
3U.9
October.
HoTember..
Cecenber..
50.U
39.8
32.9
2-8
2.8
2.7
U6.9
36-3
29-6
30.0
29.1
25.0
53.3
31.8
36-1
2.9
March
2-3
3-2
U9.5
28.9
32.5
31.6
22.U
27.6
iprll..
Ma7 •••
Joaa.
U9.3
39.3
32.7
2.8
3.0
2.8
U5.9
35.7
29.2
31.6
28.9
22.1
Jtaly...
I16.8
ineoat.
60.6
2.U
3-2
U3.8
56-9
29.0
t5.3
1937.
1938.
1939.
19U0.
19U1.
19U2.
19U3.
19U4.
19U5.
19UU-AT:piBt
19U5-JeiniuT. .
rebmaxy.
i/
Pnbllc
Haalth
Sanrloa
Social Socnrlty Board
riacal yaar
or aonth
3.5
n
U.6
5-2
VntmplojBOnt OOBpaaaatioa
adainlat ration
7-1
8.0
8-5
10.3
10.0
9.1
U1.9
5»-9
58-3
63.0
70.3
55.1
36.3
3^.2
.9
.7
u
Public
haalUi
vox^
7.8
8.9
8.0
9-U
10.8
Offlca for
Dapartaant of Labor
ftiarsaney
Manacamnt
Natamal
and cMld
baalth
aarrlcao
3.1
3.8
u
Sarrlcaa
for
crlpplad
cblldraa
2.1
2.7
3-0
CMld
velfara
aorrlca
of
taxaa
a.
1.0
1-5
1-5
1-5
1.6
1.6
u
10.7
6-5
6.2
5-t
U-0
3.8
3-8
3-8
.2
.2
.1
.2
-3
.5
.2
.2
.3
•
-U
-5
-U
•3
-3
.3
.3
10.7
10.9
(o.
Beftuida
S4>lo7aant
Sarrlea)
20.7
1.3
2.6
3-5
2.8
U.2
.1
7."*
195-5
115.1
215-1
209-7
322-5
357-8
3U1-3
311-7
279.8
-7
.5
23.1
31.8
.7
U5.U
26.8
30.1
l.U
5-5
U-U
Var
KaiqMvar
Coaniaalon
l.U
l.U
Xxceoa
of
aipendltnraa
5/
Ul.o 6/
1.8
1.1
7.0
2.2
.7
.7
1.0
3.2
•
.2
.1
5.1
1.0
8.6
1.9
U.6
.8
.8
•
.3
.2
.6
.6
.3
-5
.3
.2
37.8
-8U.8
.1
.7
.6
.U
.2
UU.1
2U.6
28.8
.2
•5
UI.3
U6.0
••I
U.8
2.2
U.6
1-0
1.0
a
.2
3.'*
•
3
2.7
.1
7M
8.8
1.2
Sail; TreaaibT Stataunta.
Leei than $53,000.
H>rmarl7 Title Till of the Social Senirlty iot.
TOnoerlj Title IZ of the Social Security Act.
Inolndea amotrnte equal
to approprlatio&B to Ballroad ttoai^loTnent Inarxrance A^ljiletration
Ttmd aqulTalent to anonnta of taxes collected vlth respect to tha
period from Jaimaix 1936 to Jnne 1939. ixiclnalTe, fron ei^loyera eubJect to the fiallzoad the^loTsent lueorance Act (See Table 3 of Section I).
Prior to Janoary 1. 19U0, ficoree repreaent amoimta tranaferrad to
the Oldf-i^e Baeerva Account- nroD Jtuxoaiy 1 to JtHy 1, 19UO "Tranafere" vere made to the federal Qld-i^e and SorrlTore Inenranoe Troat
rnnd- Subsequently receipts hare bean deposited in the Osneral Tend
of the Treaauxy and ' atyro p rlated* directly to the yederel 01d-.A«e
and SorrlTora Insurance Trust rand. Amounts shovn as transfers r^
fleet deductions made for reijnbureement to the Oeneral Tond account
to coTvr admlnlatratlTa aj^ansee, vhlch are abovn as axpendltures in
U/
5/
6/
2U.1
Section II, Table 1.
Includes only aspandlturee from ^proprlationa made ^lecifically for
adminlatratiTo ezpensee relating to tha Social Security Act; namely.
Social Security Board, Department of Commerce, and Department of
labor; and admlnlstratlTS axpenees reimbursed to the General Tund of
the Treasury under Section 201 (f) of tha Social Security Act, as
amended. Beginning July 1, I9U0, includes aleo admlnlstratlTe expenses under the Vegnar-Peyser Act. Sxcludas admlnlstratiTc expenses payable from othar qpproprlatione, prlnolpallj^ for tba fallovlng agenciesi Bureau of Internal Berenue of the Traasuiy Department, and Pi^lio Haalth Service and Office of education of tha Tsdraral Security Aganer.
Corered by appropriations by Congress.
Second Deficiency Appropriation Act, fiscal year 1938, apprapriated
$Ul million for refunding to certain Statee portions of Pedaral ibployera' tax for 1936 collected under tha Sooial Security Act.
.
S
. ..
.
October 1945
13
Social Security Pro^aa
-
(Continued)
Section I.- Budgetary Receipts and B]n>enditure8
(Continued)
-
Table 2.- Railroad Retlreaent Account
(Is
Ullosi
of
aslUn)
^enditnroi
Bacolptt
TlMal 7«ar
or aonth
idnlnlatratlTO
oxp«Ba«a
Total
y
Tranaf«ri to
Railroad Eatlr*aast Icootut
(tmat aooovnt)
•3
1-5
150.1
109.3
121 .0
136.9
170.0
208.e
267.1
2*5.0
1I19.0
^2:i
uo.o
2.9
123.3
128.2
IIK.5
220.2
265.3
311.3
2.6
tTigoat ....
l>t.2
.1
.1
Saptonbar.
56.9
.2
.2
3U.2
.2
.2
.2
3>».0
.2
.2
3^.5
1937193«193919110.
WUl.
191*2.
19UV
19IA.
19145.
19I1I1
0«rrl«rf< TaxlA^
Act of 1937
Octo^ar..
iu!u
Baoaabar.
».2
.2
.2
19U5-Jainiai7.
Ttlbraaxj,
1.2
3H.«
65.5
.2
.2
Mareli
iprll.
Haj...
Jana.
60.0
Jagott.
1.5
«.3
Sonroai
•
1/
Haftmda
of
taxes
1.2
-1.1
IU6.U
107.1
120.7
•
1>I0.9
ZIU.8
262.7
ll.ll
-1.8
26.3
306.
.lH.1
-5fi.7
-IH.2
-55.1
.2
-65.3
35.5
.3
.2
.2
.2
.2
UO.l
.2
179.9
.1
.1
Sally Traaaazy fltatisaota.
Laai thaa $50,000.
Inelt^aa oBlj- ei^andltoraa froa ippxvprlatloaa aada ^aclflaally for
7
2-3
12U.I*
3.5
7.6
5.U
2.5
2.3
35-7
XzBvit of
aapendltTiraa
2/
3^1
-«.3
-59.«
178.S
-8.2
adalalatratlTa aogpaiaa ralatlag to tka Railroad Batlnaait iet.
OoTtrad
approprlatioao fraa tha Oasiaral TnaA of tha Traaaorj.
^
Table 3.- Railroad Unenployment Insurance Act
(In
allltou of tellara)
lip«Ddltvr«a
Baoalpta
riaeal T—i
or aonth
Ballroad vn^loylAaoraBOa
eoBtri^Qtiona
^t
i^bilnlttratlT* «xpansai (Sallread
Obi^ploTBUt Invnr-
Total
aoa
2/
Toad) }/
1937.
19381939.
k.9
6.8
8.5
10.3
12.1
13.2
19>to.
19^1.
191)2.
19'»3.
19>M.
19U5
6.k
8.2
IU.9
12.6
.1
9.0
8«ptiabar.
5.3
•7
3.2
f abmazT.
.1
.1
•
.
.
3.1
.1
3.'»
7.5
2.5
2.2
3.2
3.T
U.l
-S.1
-2.1
U.7
12
8.9
f:J
8.9
8.8
-2.6
.k
.2
.3
.3
-2.9
.2
.2
.3
-2.8
.2
.1
.1
.2
.3
3.1
-2.8
ipzU.
Mar...
Jiaa.
Mir...
A«aat.
eat
•
1/
gl
5/
5.0
.H
Oetobar.
loTaabar.
SaoaaAar.
bboso of
e^Midltoroo
.5
.5
.5
5.0
10.9
19l|l|->ngaat....
Itoroh.
jUiKlal at ration
Tranoforo to Railroad T%l«^lorB«Bt
Imuraxio* iAooaat,
tbi^)lo7a«it Troat
Toad k/
Dally Treaanry Statoaaata.
laia than t^.OOO.
Oparatod aa Sallroad aia^>lo7B«t Inaarasoa UBlalatratloa Tvni.
H^iraaanti lOf of contrlbutlosi nodar tha Eallroad DBaarilorvast
Inanranoa iet; tha ramlning 904 la d^poaltad in thi. Railroad ObaaploTBant Ininranoa ioooiant. T^bi^loTBant finat fund (3«a Saotloa
tjslndai aaormti qtproprUtad to Ballinad Ou^plorII, Tabla 3).
ant Inanranaa idalnlatrstlon rimd aaulTalKit to aaomta of tazaa
ooUaotad for tha p«lo4 January 1936 thnrosh Jona 1939 froa a^
ployar« aribjact to tha Railroad Oha^loyaant Inaoranoa iot. Thaia
aKiinta a«gr«catad $15.0 aillleB aM mra dlatribiaad t7 oalandar
9.6
9.9
9.J
.1
•3
yaara. aa folleni
1937. 15-3 aUllon) 1938, 16.8 mion: and
for tha flrat ili aontha of tha oalndar yaar 1939. $2.9 alllioa.
^
>»/
y
Tbaaa awrants ara Laoludad in Tabla I nsdar Tadaral THn^ilcqrwnt
Tax Aot (oiff^loyBant Inaoranea).
laolndoa only aipandituraa froa approprlatlona aada ^aelfioally
for adalnlatratlTa aipaaoa ralatlng to tha teUroad QiaaplaywBt
Inaoranoa Act.
Hapreaanti axDaaa fonda of tha Railroad Tkia^laymant laaoraaca IdBlnlatratlon rund (Tindar Aot of Oct. 10, 19'<0).
CoTarad by %>propnatlona by Coscraaa.
H
a
..
«
»
9
3 5
Treasury Bulletin
Ik
Social Security Prograa
Section
IK- Statements
(Continued)
-
of Trust Accounts
Table 1«- Federal Old-Age and Surviyora bisaraiioa
Tmat Foad^
(CoanlatlTs froa orcaalMtlon - Za alllloBt of dollars)
S^andlturat
Sacaiptt
Kid of fltoal
7oar or aonth
^propria*
Total
roeaipt
tlon* b/
265.0
765.0
1.155.0
1.705.0
267.3
782.7
1.199.6
1.792.1
2.536.2
3.902.S
5,720.7
6,116.0
1937
1938
1939
19110
19U1
l9He
ig"*?
19W1
•
19^
19U5-J<uw.
.
Souro*:
•
1/
2-3
17.7
M.6
2.3931
«7.l
lUi.i
3,288.8
2ll».l
't,'tl9.3
7.5't9.8
7,oa.3
foU.7
528.5
7.5^.8
7.021.3
7.082.1
7.368.6
528.5
528.5
5.711.4
7.611.3
7.897.1
J11I7. ..
Inroataantt
Congest
Dally Treasoxy StatementsLata than $50,000.
Inoliidei tranaaetlona affected
528.5
01d-ae«
banaflt
pays ant*
5.1
19.3
5.1
19.3
35.1
99.5
209.8
399.1
5»3.7
783.5
126.0
152.9
aoSiS
829.5
152.9
155.*
157.9
Inraataaati
adalttittratlTo
lt7.»
13«.6
275.6
U52.U
669.6
936.'*
936. U
962.0
987.'*
the pradacaaaor OHd^i^ Beearra
In Oanaral
Tond
azp«nsat 2/
267.2
2/
mAar
tAiaxpandad balaaea
Balabnr lament
for
Total
•spandltorai
2.397.6
3.227.2
It. 268.3
267.1
662.3
1.177.2
1.738.1
2,3«0.6
3,201.6
U.236.*
5.l)li6.I|
5. MX.
6.613.U
6.5W.3
6,6l3.U
6.6I19.3
6,5116,3
6.51*6.3
^lo
6,909.7
6.5W.3
3^5.'^
777.2
1.180.
l,7Ult.7
12.3
39.1
65.9
93.'«
In dlabtiralnc
offloar's
account
.1
.1
113.0
1.9
3.0
6.1
.1
6.1
5.2
7.0
16.1
32.0
10.
20.H
all.
5
21.
35.1
35.1
35.9
38.0
ioeaucX,
nudar Section 201 (f ) of the Saeial Saesrlty ict nendBanta tt
1939.
Table 2.- Railroad Retirement Act
(CoralatlTa froa arcanlaatlaa - la mlllleBa of dallara)
K^endlturee
laeelpte
hd
of flaeal
year or sonth
ipproprlatloae
toy OoBcre**
Total
raealpte
Balance
thexpendad balance
Benefit
payment e
Intereat oa
laTaetBaata
ZnTeetaente
In Oenaral
Tsnd
•6.6
1U7.9
z6e.k
390.8
506.9
650.9
871.5
i.iiA.i
1937
1938
1939
WW
19IH
19U2
19'*3
U.O
112.6
l.l»
79.8
3.6
5.9
f.k
i«5.6
298.7
U19.9
68.1
82.7
92.1
87.0
66.2
67.2
1011.8
I9l».9
91.5
178.0
318.
500.5
668.5
656.5
1)6.6
llt6.5
26I1.8
381».9
498.5
639.U
U.6
^.1
17.3
27.2
676.6
1,116.9
«5lt.2
ni.o
19't5
1.1>68.1
1.1*25.7
1*2.1*
952.5
333.0
515.6
19U5-Jona
l,l|68.1
1.1125.7
le.i*
JUy
1,760.0
1.7fi0.1
1.717.6
1.717.6
112.U
ingoat
952.5
96U.9
976.8
515.6
795.1
783.3
19'W
Sonrcai
•
(2.5
79.1*
7l».0
500.5
la dieknralac
officer' e accotmt
36.6
6.0
.2
1.6
13.2
10.8
2.3
1.8
10.5
11.7
12.8
u
k.l
1.1
.5
15.7
.5
1J.7
111.3
J12.3
112.1
Dally Traaanry Stateaentai
Leae ttan $50,000.
Table 3.- Unenploynent Trust Fond
(OnmlatlTO froa organisation - In allllona of dollars)
Receipt
Aid of fiscal
year or aonth
313.1*
1937
1938
1939
1940
I.07S.2
1.911*. 3
19U1
19IW
2.857.9
3.971.9
5.215.5
191*3
6.6li».0
191*5
8,180.9
9,688.6
WW
19l«5-Jnne.
.
Jnly...
Angost.
Sonrcei
*
ly
2/
^
Kipenditnres
State
Bailroad TTnaaployaent
nnen^loyInsoranoe icooont 1/
aent
inenrance
Transfsrs
Bail road
Total
actirtfroa
receipts
nnaaploy- Tranefera
tlee
inveatBall road
aent
aent a
Uneaployasnt
froa
Sapoalts insurance
Insnranca
States 2/
*y
oontrlbuAdministrastates
tlona 2/
tion rondU/
310.6
1,058.2
1,869.5
ltl».2
2.729.J
,621.
'•.717.3
5.935-0
7.28U.3
8,51*0.3
9,688.6
9.761.2
8.&3.1
10,020.11
8.861.1
8.JI10.3
105.6
181 .9
27U.3
383.7
502.5
502.5
502.5
503.7
1.8
105.9
105.9
105.9
105.9
106.3
^l.l
17.1*
29.1
38.0
106.3
I06,lt
106.1»
^:°6
i»7.6
2.8
18.0
lA.g
82.6
131.5
198.9
State nneaployaent
insnranoa
actiTltiee
Total
aipenditnrea
1.0
192.0
633.8
1.133.1
1.688.2
2.065.
1.0
192.0
633.8
1.116.7
1.550.0
1,918.0
Inraat-
Total
312.1*
88lt.2
281
377.9
501.5
2.2111.5
2,092.1*
2.302.1
2,373.'*
2.152.^
2.222.5
901.5
501.5
501.5
2,373."*
2,388.>*
2,1*10.0
2,222
2.237 :l
2,258.9
106.3
106.3
106.S
l^ily Treasnry Statenente.
Less tban $50,000.
SzolndeB adT&nce of $15 olUion from the Treasory and sBbsaqosBt
repiQ'ment, ^oth taking place in the flecel year 19140.
Bepresents 90^ of oontrlbutlons under the Ballroad tl^ienployaant Insarance Act; the remaining 10^ is used for adainlstratiTS expenses.
(See Section I, Tahle 3.)
Bepresents asonntB transferred from Statea to Ballroad Tbes^oyiBant
Uoaxpaadad
balaaoa
aat
Transfers InfloraniM
Account
to EallVith1/
road Uhendraaalo ployaent
Inenxmnee
Banaflt
States
AecoTmt
paTBoata
i/
1.8
105.9
105.9
18J.9
105.9
106.3
.1|
Ballroad
Una^pl07-
IH.6
g:J
•*3-2
l*^.'6
ltl».6
l!l».7
i*i*.7
280.5
72H.9
283.7
150.1
372.5
5.878.8
".315.3
aanti
312.3
872.0
1,267.0
1,710.0
2.273.0
3,139.0
i.367.0
5.8TO.O
7.307.2
7.315.3 7.307.2
7.372.8 7. 31*2.2
7,610. 1» 7.593.2
In
Oaaaral In dlaboralac
Toad
offloap'i
(Spaoial
aeeoaat
Sapoalt
5/
Aeooaat)
.1
12.2
13.»
8.0
7.8
k.O
i.it
2.7
3.3
1.5
?:?
7.8
30.U
16.6
InsaranjCe Aeconnt equivalent to aaoTrnte of taxes collected, with
respect to period from Jannary 1936 to Jane 1939, inolnalTe. from
employees ani^ esiployere vho coae irt.thin the pnrriev of the Ballroad Unemployment Insurance Act.
Bepreeanti excess funds of the Ballroad aieq>loyaent Insurance Administration rund (undar Act of Oct. 10. 191*0).
Tor railroad une^>loyaent hsoefite and refonda.
October 1945
15
Appropriations and Net Contract Authorizations for the War Activities Program
As of August 31, 1945
Pnbllo
pproTed
Uv
Tltl* of act
lo.
ipproprlfttlona
77th Con^aii, Tlrat 9«ialon
I9UI
5
r»b. 13. ISUl
Mar.
1. I9UI
lUr. 17, li'n
Mar. 27. 19U1
1, 191H
ifl.
6
9
13
Ttit.
if IIpr.
6,
5. 19U1
5. 19U1
Ma7
May
6. igM
23. 19U1
May
May
Jon*
Jon*
Jvna
Jnly
July
A.
19U1
31.
28.
38.
30,
191*1
23
25
28
29
US
71
73
88
19111
19U1
19U1
19U1
3. 19UI
25. 19IH
\'^
1,
\^
Oct. 28. 19'tl
150
2U7
282
Hot. 19. igta
Doc. 17. is>a
Dec. 23, I9UI
295
353
371
Atl«.
Joint Eatolatlott (•margency ahlp conatmctlon)
Joint Basolutlon (clothing and aqulpaca - Var Dep&rtaant)
Urgant Deficiency Appropriation let, 19^1
fourth Sapplaaental Satlon&l Defante Appropriation let, I9UI....
Dafenie iid Srjppleaental Appropriation Act, 19^1
flrat Daflcloncy Appropriation Act, I9UI
Indapandont Off loot Appropriation Act 19U2
fifth 9ttpplaaantal latlonal Dafanaa Asproprlatlon Aet, I9UI
IaT7 Bapartaant Appropriation let 19^2
War Dapartaant ClTil Appropriation Act, 19^2
Additional Urgent Deflclancy Ipproprlation Act. 19^1
TraaatUT Dtpartaent Appropriation Act. 19^2
Jaatica, State and Conmarca Dapartaantt Ipproprlatlon lot, 19^Interlor Dapartaant Appropriation Act, 19*^2
Military Ipproprlatlon let, 191*2
La^or - faderal Saonrlty J^proprlat Ion Act 19U2
Sacond Daflclancy Appropriation Aet 19'*!
rirat 9<qjplaaental latlonal Dafanae ^iproprlatlon Act, 19U2
Second 9tippl«BentaI latlonal Dafanea Appropriation let, 19^^:
(Title I )
(Title II)
Dafanea Highway let of 19^1
Third Soppleaantal Katlonal Defenee Appropriation lot, 19^2
Joint Eaeolatlon (Var, Philippine relief, and defanae housing)..
,
,
,
,
Total, 77th CoacTASi* Tlrat Saeaion
1
313.500,000
i'
B»t oeati««%
authorliatlon* 2/
Treasury Bulletin
16
Appropriations and Net Contract Authorizations for the War Activities Program
As of August 31, 1945 - (Continued)
Date
Public
approved
Law No.
Title of act
78th Con^raea. Second Seeaion
reS. lU.
i^}proprlatlon•
I'
Het contract
authorlzatlone 2/
October 1945
17
Cash Income and Outgo of the Treasury, by Major Classifications^
(la mllllone of dollara)
u
GENERAL
FUND
OF
Treasury Bulletin
THE
TREASURY
..
.
October 1945
19
Assets of the General Fund of the Treasury
(In allllont of dollari)
%id of fltoal
7«ar or aonth
Total
1936
1937
193«
1939
iski
Balllen, eeta,
Sspoilti In
Tedaral fi^iorre
Bank!
9p«clal deposits
account of sales
of fln i ai mm ui
secnrltles
(Var Loan acooonta)
i
Other deposits
sod collections
a.936
2.709
2.U19
3.087
a.ojg
865
1,863
862
1,150
11*1
ue
827
611
58
55
52
1.19*
929
1,022
87I*
251*
776
so;
95
105
2,812
l,02l*
£61
603
1.0^8
I9it5
25.119
98U
897
911
820
708
iljoo
1.679
7,667
18,007
22,622
iglA-Augost
18,277
15.753
877
838
1,215
l,3lU
15.693
13.013
10,609
10,223
22.717
835
785
825
998
1.122
1.335
S,2l*2
533
8,002
20,261
315
295
20,077
I7.73U
15.722
8O7
792
1.01*8
1,381*
779
17,866
15.265
13.055
357
1,51*7
11.S09
777
688
708
1,221*
1,11*0
9,1*92
7.91*1
1,500
22.622
591
581
1.252
1.300
20.303
32l»
16,871*
263
191*1
191*5
3.'tit3
191*3
10,11*9
igw
».775
Septam1)er
October
NoTecolJer
Decamber
19'*5-Jao°ai'J'
February
Much
April
May
June
10 ,055
25.119
July
August
22,1*69
19.018
265
533
507
289
1*92
588
286
289
Dally Treasury Stateoents.
Source:
Balance in the General Fund of the Treasury
(In Billions of dollars)
Xnd of fiscal
year or month
Istal
aaaata
2.936
2.709
1936
1937
1938
1939
Total
liabilities
251*
Balance In the
Oeneral rand
2.682
2.553
2,216
2,838
1.891
2,1*19
156
203
3.087
2,038
11*7
191*1
19l*2
2,812
179
191*3
10,lU9
20.775
25.119
607
2.633
2.991
9,507
20,169
1*21
2l*,698
September.
18.277
15.753
605
635
17.672
15.117
October.
Norember.
December.
10.609
10,223
22.717
6l8
1*81
9.990
9.803
22,236
191(0
2l*8
3.W3
191*1*
191*5
19Ul4-iaettat
.
1*21
ao.077
1*71
February..
17.73"*
1*20
March
15.722
1*1*5
19,606
17.J13
15.277
April
11.809
10,055
25.119
W*3
11,366
)iii
2U!698
22,1*69
386
387
22,082
18,631
19'*5-January.
.
May
June
July
Au^uat ....
Soureei
Sally Ireaauiy Stataaeats.
19,018
1*30
.
.
.
.
Treasury Bulletin
20
Analysis of Change in Balance of General Fund of the Treasury
[in oilllont of dollare - B«t increase or net decrease (-}j
Trust accounts, etc.
Total
Chan^ during fiscal
year or month
chan^ In
General
faaA
balance
General
and special
account!
Miscel-
Public debt
account!
2/
Truit
accounts
Increment
on gold
1/
y
Settlor age
on silver
laneous
funds and
accounts
gl»0
-128
-338
622
-9U7
-i.m
71*2
358
6,515
10,662
-5.103
-19.598
-55.897
-49.595
'>.5a9
-53.9't8
Septeml^er.
-2.555
OctolJer.
19'«).
^1,38*
-3.5^2
-3.611
1/
5.'*75 6/
2.7't6 5/
792
3,280 5/
2.52S
1
-85
275
255
88l«
136
3^
19
11
29
37
11
39
-217
-3.625
-2,191*
llt8
201*
-1*,1*03
675
.302
-1,178
-30s
29
-25U
35
130
-95
-193
112
257
-282
311
253
71
-l6l*
1.778
1.300
2U2
238
101
262
338
-138
-7
1*07
-6,190
-3.727
1,120
3.763
19.850
9
686
-1,050
95
U6z
-323
-5.862
-^.357
3.362
956
-116
-50
101
2
57.679
-5.551
-2.00U
1,229
-307
70
282
-2¥*
-5.127
-188
12.U33
-6,023
-5.587
-2.999
7>t8
ll)8
U,76l
639
15.626
February.
M^uch. .
-2.630
-2.292
-2,036
-U.6U5
-3.693
April.
May...
June.
-3.911
-1.7'H
15.073
-5,Ol40
July.
-2.615
.3,U5l
19U5.
November.
December.
19l+5-Jain3ary.
.
.
Au^st.
Source:
•
1/
2/
2/
k/
90
2>*1
-llt«
-3.506
-1,861
-4,051
798
19*.
1*0
20
lU
5.99^
23.l»6l
19U1.
19U2.
19U3.
2
16
108
Sit
204
768
34
176
-99
-51
-5
a^ncles,
etc.
5/
1936.
19371938.
1939-
Checking
accounts of
Government
-2,5'lO
6U.27lt
61*.
307
Daily Treasury Statecienta.
less than $500,000.
This 1b the net budgetary deficit. Kicludes amounts for public
debt retirement which are chargeable to the sinking fund, etc.,
under special proTlBlons of la*.
This represents the Increase in the gross public debt, except as
noted.
(See footnote 6.)
Con^jrises Federal Old-Age and SurriTors Insurance Trust Fund, Ifational Service Life Insurance Fund, Unen^jloyment Trust Fund, Railroad Retirement Account, Government insurance and retirement funds
(See footnote 5')
and other truat accounts.
Charges for retirement of national bank notes are reflected in this
statement directly against increment on gold, in the years during
(See footnote 6.)
which the retirements were actually made.
5/
6/
2/
21
80
35
8
-15
70
-71
51
-778
-29
-86
-222
151*
26
Conprises Public Works Administration revolving fund, special deposits (net), and, during the fiscal years I9I1O through 191*5'
transactions in commodity food stamps by the Department of Agriculture.
Conmenclng July 1, 19l*5. such transactions are classified in
the column "Trust accounts".
E^enditures for the retirement of national bank notes from incrament on gold for the fiscal years 1936 to 1939 (as shown below) are
not reflected herein, but are reflected under increment on gold as
followsl
1936, $397 million; 1937, $99 millionj 1938, $51 million;
and 1939, $5 million. The increases in the public debt shown in
the table "Means of Financing Cash Requirements'* for the above f local years will not agree for the reason stated above.
Includes inactive gold in the aioount of $1,087 million.
21
October 1945
PUBLIC
OF
DEBT AND GUARANTEED OBLIGATIONS
THE UNITED STATES GOVERNMENT
!
4
5
3
6
. .
.
.
. ..
Treasury Bulletin
22
Analysis of Issuance and Retirement of Public Debt
(In millloiiB of dollars)
Public
d0bt ontBtondlng
end of
fiscal
year or
Bonth
Ilieal year
or month
3.275
2,528
13,081*
7, 1*75
13,166
7,19**
5,99^
17,81*7
37.16I*
10,1*62
l|O,ltl40
191)0.
1»2.968
191*5 •
19l4l*-Angust
209,802
igm.
2,6l46
7'tO
57,679
262,01*5
.
Sourcel
•
1/
263,001
l*.2ltl
596
1,1*1*2
5.876
8,318
131*
18,790
10.1*11
11,853 5,8l6
13,703 8. 693
58.358 33.671*
89,1*78 63,202
891*
3"*,
183
ll*,l*10
8,922
11,298
6,805
U,l(81
11
11
205
1*28
au
9,073
6,836
11,552
7,6to
7,169
6,879
7.782
1*6
1*07
5,8^2
1,120
3.763
19.850
6,557
10,201*
26,901*
110,651+
3,362
956
109
11,81*7
12,616
9.1*95
10.71*1
8,701
7,760
l^bily Treasury Statemente.
Loss than $500,000.
Sxcludee certificates of indebtedness, special aerie
2/
10,71*0
iS'•9
u.sii
1.579
12,229
303
17.911
1191
3.1*92
9.885
11
170
15
6,931
lt,150
U71
5,801
6,077
8,066
1*,9*9
U,ll*7
1I
i*,gil
1*,187
lU
12
9.2U7
2,1*70
11
13
369
681
10,727
'*,187
8,851*
20, sol*
5.903
7.262
7.370
757
2,1*70
6,133
9,785
6.122
7.303
1*88
2,896
2,511
170
l*,ll*7
3.11*2
6,1(00
l(.150
u.eug
1,1*73
2,11*6
6,991*
3.'»92
89
3,035
2.812
5,332
71
51
5U
1,01*1
121,1*80 77.1*08
32
12,01(0
12,1*71
523
567
2,671*
l*,lll
6.092
10,928
22,762
2l*2
2.978
1,751
18,790
31*. 183
9,822
11,597
27,178
1,778
1,300
Special
issues
chants
596
1*,U81
15.626
Certificates
of indebtedoess, special
series 2/
1,1*1*2
6U
232.1t08
July.
August.
3,11*2
303
17.911
?5
19l*5-January
February.
235.069
238,832
258,682
3,035
2.812
U.625
5.166
5.301
5,680
516
5,920
71*8
May...
Jmie..
5,51*2
6,91*3
8,881
9,809
10, 638
2.67"*
1
511
526
l*,76l
^rll.
9.OU3
2.159
2,567
3.151
2,978
1,751
11*:
2,511
215.005
230,630
233.707
233.950
1/
7.01*1*
210, 2IA
March
changes
1,1*99
1.669
.1*91
Cash
10,151
10.991
October. .
SoTember
December.
.
Special
Issues
1,229
-307
209,1(96
.
Public isffues
fireesB
Adjusted
profits
service
tax refand
bond*
bonds
8,958
5.199
30.388
122,632 91*, 961
153,785 123.958
179,159 129.663
23.1*61
64,271*
'6l*,307
Sflpteaber.
.
1/
'*.776
5.078
Oertlflcates
of indebtednese, special
series 2/
Cash
lU,121
9.589
9.621
33,779
36,U25
37,165
l«,96l
72.&22
136,696
201.003
252.682
Pabllc issues
fiscal
year or
month
1936.
193T19381939-
Pabllc debt expenditures
(Betirement of public debt)
Public debt receipts
(Issoanee of public debt)
Set chan^
In pabllc
debt
7
1.579
12
Consists of epecial series of certificates of indebtedness IssMed
directly and solely to Federal Heserre Banks.
CompoBltlcn of the Interest-Bearing Public Debt
Interest'bearlng public debt outstanding
(In millions of dollars)
Percent of interest-bearing public debt
Pablle Issoec
Pabllc issues
'
Xnd of fiscal
year or nontfa
Notes
Bonds
lotal
Msrtetable
1936.
19371938.
1939-
32.989
35,800
36.576
39,886
17.368
191*0.
1*2,376
26,751
191*1.
191*2.
1*8,387
30,1*11
71,968
135,380
20,1*
22,041
25,1*11*
Sonmarketable
Marketable
Sonmarketable
Certificates
of
indebtedness
Sands
nils
1,261
1,188
1,556
2,151
3,166
11,381
10.617
7,243
6,383
2.303
1,154
I.308
1.302
1»,555
10,1*96
21,70l*
5.698
6,689
9.168
3.015
1.603
2,508
11,864
35.298
2.351*
9,11*7
Special
issues
Total
1.9
l*.3
\i
7.5
6.4
3.2
3.3
3.1
41.6
16.0
17-7
18.0
11.8
9.3
6.8
8.7
9.2
100.0
100.0
39-1
39.2
18.0
18.3
39-1
15.
18.
40.1
1)0.1
6,120
7,885
10.871
14,287
18,812
100.0
100.0
100.0
100.0
100.0
62.8
53.2
1*2.
15,461
15.976
16,170
16,583
256.357
106,61*1*
1(6,090
17,1*05
23,1*97
9.557
10,136
19l(l(- August
208,289
207,850
81,U3l
37,581*
18. 067
38,028
17.936
30,001
29.573
15,715
81.1*66
10,030
9,124
208,60s
81,1*66
210,771*
81,298
91,781
38,355
39,018
41,071*
17.936
17.936
23.039
9.075
9.990
9,843
29.51*6
29.51*5
3O.I1OI
16,060
16,405
16,428
16,3.-6
100.0
100.0
100.0
Ul,858
42,418
42,885
23.039
23.039
18,588
9.864
9.927
8,948
3O.I1OI
30.396
34,544
16,403
16,399
16.921
l6,6S8
17,130
17,567
100.0
100.0
100.0
44',
18,588
18,588
23,497
9,109
10,031
10,136
34,47s
34,442
34.136
17.041
17.049
17.041
17,923
18,592
18,812
100.0
100.0
100.0
23,498
23,498
10,119
10,148
472
31*. 1*30
17.025
17.038
19,558
20,033
100.0
100.0
October
Borember.
December.
.
.
19l*5-January...
228,891
230,672
92.1*17
92.51*5
Pebruary.
231,851*
March
232,026
92.572
AprU.
233.063
235,761
256,357
106,61*1*
May...
June.
July.
Augast
.
Source:
259,781
266,71*6
92.572
92.572
108,085
108,367
Daily Treasury Statements.
487
46,090
47,024
1*7.231
31*,
edneee
71
199.51*3
15.71*7
able
Special
iseuee
29.7
25.0
18.2
15.1
191*5.
September.
mcarket-
Bills
of
indsbt-
3U.5
52.6
56.2
60.3
63.7
63.1
19*
17,043
Marketable
Certify
lo&tes
Bon-
3.8
100.0
100.0
100.0
100.0
100.0
3,096
16,561
28,822
31*, 136
ll*!73l<
il*
BonMarketmarketable
able
626
558
676
770
775
38,281
57,716
75,1*0
7.1*95
Botes
39.
39.9
39.9
39.
II:
41.
1*1,
7.3
9-5
11.3
7.1*
12.6
11.0
e.o
7.2
6.6
7.3
7.6
7.7
14.2
14.0
13.3
7.7
7.8
7.2
7.8
7-9
7.1
13.2
11.1
14.9
7.1
7.1
7.3
7.1*
3-9
8.0
7.9
9.2
l4.8
14.6
13.3
7.3
4.0
u
7.7
7.9
7.3
9.0
9.0
3.9
3.9
13.3
13.2
6.6
6.5
7-5
7.7
4.2
i».3
4.0
12.2
14.4
13.3
8.7
8.6
4.8
4.4
14.4
14.2
4.4
17.9
8.6
8.5
10.1
18.1
18.3
IS.
10.0
9.9
8.0
l*.3
18.6
18.9
18.0
18.1
18.1
l».7
l*.3
1*.3
3.3
3.5
8.8
7.1*
7.2
7.6
October 1945
23
Detailed Statement of the Public Debt and Guaranteed Obllgatlana
of the United States Government
PART A - FISCAL XEASS, I936-I945
(In
lllloni of dollars)
2l^
Detailed Statement of the Public Debt and Guaranteed Obligations
of the United States Government - (Continued)
PART A
FISCAL YEARS, 1936-19U5-( Continued)
(In millions of dollara)
Treasury Bulletin
October 1945
25
Detailed Statement of the Public Debt and Guaranteed Obligations
of the United States Government - (Continued)
PART B - MONTHLY DATA-( Continued)
(In mllllone of dollara)
26
Treasury Bulletin
INTEREST- BEARING PUBLIC DEBT AND GUARANTEED OBLIGATIONS
OF THE UNITED STATES GOVERNMENT
DOLLARS"
Billions
DOLLARS
Billions
Public Debt and Guaranteed Obligations
270
250
230
210
180
1936
^
'37
'38
"39
40
41
42
43
END OF FISCAL YEAR
44
45
Aug.
'
31.
1945
Office of the Secretory of the Treasury, Division of Research and Stotistics
1936
"^
'37
38
39
40
42
43
41
END OF FISCAL YEAR
45
Aug,
'
31.
1945
B-462-B
.
.
.
.
..
October 1945
27
Guaranteed Obligations Held by the Treasury
^
(In Billions of dollars)
Ind of fiscal
J9ar or month
Connodlty
Oradlt
Corporation
total
ftdaral
Tarn UoTtga^
Oorporatlon
Vslsral
Pa1)lio BoaolQ^
Authority
Bona Ownera'
Loan
Corporation
Tannassaa
Valley
tathorlty
fiaoonatraotion
nnanca
Corporation
U.o;
030
1936
1937
1938
1939
5
630
883
15
20
10
iglto
as
19U1
19U2
52
302
U,079
7.535
10,717
12,169
lUO
UOO
1.950
900
1,591
263
27!*
366
108
283
398
383
11.312
11,181
1,000
863
'1
286
398
398
^8
11,312
ll,U6o
1.035
1.099
1.155
276
266
258
398
398
398
lt6g
Tetruary
March
ii,5oU
11.735
11. 563
1.173
1.5S8
1.596
250
12s
121
April
May
June
11,602
11.320
12.169
1.762
116
1.5lt6
1.591
July
Auguat
12.U6g
l,602
1,679
19W
'...'.
'.
'.
19^5
igUlj-August
Septoobor* ••••••
•••
Octotter
SoTember
Seoeobar
,
19U5-Jan\]«ry
Source:
•
12,lt27
57
57
57
57
551
212
5«0
1.010
57
57
57
1*93
1*39
57
57
1420
57
398
398
387
351
398
32it
57
57
57
Ul
398
39s
108
383
30U
281
1,010
57
57
57
326
1U6
383
383
987
961
57
57
Bally Trearory Statamentr
Lass than $500,000.
1/
These securities are not included In preceding state lents of gual^
anteed obligations outetandiae.
Computed Interest Charge and Computed Interest Rate on the Public Debt and Guaranteed Obligations
of the United States Government
(Amounts in millions of dollars)
Pahllo daht and goaranteed obligations
Xnd of fiscal
year or month
Computed
Intereet-bearing
debt mttstandlng
interest
charge
CcDputed
annual rate
of interest
37.707
igw.
19IU .
1942.,.
19U3...
.
isn.
.
1945...
igUt-August
Septsmber-
anmiftl
interest
charge
(Percent)
interest
charge
Coapntad
annnal rats
of interest
(Percent)
(In Billions of dollars)
2.562
2.582
2.5«9
2.600
2.583
U.718
1.665
'.853
l,lit9
2.53'i
l»7,87U
1.203
2.51U
5^.7'*7
1.335
1.729
2.759
3.869
U.969
2.1138
1*8.387
1,218
76.517
139.^72
201.059
256,766
2.260
1-978
1.925
1.935
71.96s
135.380
l,6ltU
199.5^*3
3.8i>9
256,357
It,
991
2.518
2.285
1-979
1-929
1.936
1109
5
1.861
1.968
1.335
1.521
209, 76'*
it.o
1.923
1.933
208,289
207,850
It.
015
U,026
1.928
1.937
1.1175
l.lt80
20
20
1-333
1-339
1.933
1.928
1.916
208,608
Z10,77U
228.891
lt,Oltl
1.937
1.932
1.919
l.ll«0
20
20
20
>3U7
1.1*70
91*7
1.037
1.095
2,679
U,o6l
a2,2UU
'*,093
230.361
U,Ul3
19'*5-Januaiy
Tebruary.
232,168
232,968
233. li^
i*.'*57
1.920
230,672
H.U37
1.92it
231.851*
it.lt65
U.MSg
1.925
232,026
l».it72
t.Sia
U.570
It. 969
1.927
1.929
1.935
233.063
235.761
256.357
>t,li96
5.05»t
l,9'»2
1.9lt3
259. 781
5.0I18
April.
May...
June.
23U.191*
July.
260,265
261.261
Ai^ust
ComjKited
Interest-bearing
debt cutBtandiag
U5.336
;^
9:
210.088
Sourcei
1/
Oompated
soumal rate
of Interest
I1O.U65
Ul,l*2g
32.989
35,800
36.576
39.886
U2.376
October.
NoTsnber.
December.
.
^
(In milUona of dollars)
2.573
2.588
2.57?
S2i
.
|
970
I.0U7
1,068
209.331
March
Quaranteed obligations 2/
Competed
Interest-bearing
debt outstanding
(Percent)
(In mllllane of dollars)
1936.
1937.
1938.
1939-
Public debt 1/
236,912
256.766
5.078
I^ily Treasury Statements.
Treasuiy bills are Included in Interest-bearing debt figures at face
amount, but for purposes of calculating the coiq>uted *nim«l interest
charge and the computed rate of Interest, the discount Talua is used.
Tot the purposes of confuting the *t.ww1 interest charge and rate of
260.7H6
2/
i».073
'*.393
U.553
lt.96lt
5.071
5,U98
6,360
U.5I19
11,092
1.516
1,U70
1.92U
1.926
1.927
1.1*96
1.929
1.931
1.936
1.132
1.151
1.91*3
1.9115
Ugl*
l.Ul*
1.119
I109
515
125
123
121
112
109
117
85
81
20
2.650
2.633
2.1*98
2.052
1-978
1.8311
.355
,367
20
16
1-369
16
1.1*51*
16
17
5
l.ltlt9
6
6
1.2U1
1.251
1.1*57
l.ltUl
1.321
interest on Okilted States sarlogs bonds. Series A-X are considered
to yield 2,S0i per annum and Series T Is considersd to yisld 2.531^.
(Aiaranteed securities held by the Treasury, and securities guaranteed as to interest only, are not included In this tabls.
Treasury Bulletin
28
statutory Limitation on the Public Debt
Section 21 of the Second Hiierty Bond
as amended, provides that the face
amount of obligations Issued under authority of that Act, and the face amount of
obllgatlonB guaranteed as to principal and
Act,
Interest by the United States (except such
guaranteed obligations as may be held by
the Secretary of the Treasury),
shall not
exceed in the aggregate $300 billion outstanding at any one time.
Table 1.- Condition as of August 31, 1945
(In mllllone of
doUara)
amount of eecnirltlefl which may he outstanding at any one time, under limltatlonB
of the Second Liherty Bond Act, ae amended
Majdfflum
lii^jooed
hy
Section 21
300,000
Amount of securltlee outetandlng erihject to such statutory debt limitation:
U.
S.
Government BecuxitlOB Issued under the Second Liberty Bond Act, as amended 1/
272,750
Guarant eed eecuri ties 2/
53U
Total amount of securities outstanding subject to statutory debt limitation
273.28^
'
Balance Issuable under such authority
1/
26,716
Por comparison with the public debt outstanding, see following
table 2.
2/
Eicludes guaranteed securities held by the Treasury,
Table 2.- Analysis of U. S. Government Securities Outstanding Subject to Statutory Debt Limitation
and Comparison with the Public Debt Outstanding, August 31, 1945
(In mllllonB of dollars)
U.
S.
GoTemment
October 1945
29
Maturity Schedule of Intereet-Bearlng Public Marketable Securities
Issued by the United States i/
As of August 31, 1045
(In Blllloai of dollari)
Tear
and
month
30
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States 1/
As of August 31; I045 - (Continued)
(In Kllllona of dollars)
T«ar
Bad
moatb
Treasury Bulletin
October 1945
331
Maturity Schedule of Interest -Bearing Public Marketable Securities
Issued by the United States i/
As of August 31, 1045 - (Continued)
.
Treasury Bulletin
32
Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
terms of
offerine
were
announced
Back ngores: ft>r period December ig^tl throu^ July 19*^3. "^e "Tpeaanpy
Bolletln" for HoTember 19U4, page 32.
B«TlBed.
r
1/ In the caae of the reopening of a preTlonsly offered security, the
period to first call and to maturity are calculated from the date
Interest commences on the reopening.
Bsstricted Iseuea are thoae which concnercial banks (defined for thia
2/
purpose ae banks which accept demand deposits) are not permitted to
accjialre prior to a specified date, with two exceptions:
(l) concurrently with the Uth. 5tb, and 6th War Loans and the Victory Loan,
coimuerclal banks were permitted to subscribe to the restricted issue offered In the Loan for limited investment of their savings deposits; (2) connnercial banks may tamporEirily acc^ulre restricted Iseuea throu^ foreclosure when such issues have been iiaed as
collateral
Consists
of all public cash subscriptions and of subscriptions
2/
V
12/
12/
October 1945
33
Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates
of Indebtedness and Securities Guaranteed by the United States
Date of
Ssacrlptlon of called or maturing
Becurlty 1/
for exchange
transaction or
of retirement
for cash
transaction
(Date of Isiue li shown in parentheses)
Amount of
Daturln^
or called
seeority
outstanding
Amount
for cash
retirement
Aaount
eichanged
Percent
exchanged
Description of nev
security offered
(In millions of dollars)
g/2/l»3
9/15^3
lO/l5/"t3
IO/15/U3
15/1/1*3
12/15/U3
2/1/W*
2/l/"tU
3/15/1*
Cortlfleate Irea.. not* -
7/83S
IJt
3-l/U)l
7/Sjt
TreM. bond
-
Certificate-
8/I/U3
9/15/1*3
10/15/1*3-45
H/I/U3
Certificate - 12/1/1*3
7/8*
1-1/g* Treas. note - 12/15/U3
1-3/8* rPH* note
Cortlfleate7/a*
2/1/W*
2/l/W»
(8/15/U2)
C6/15/UO)
(10/15/33)
(11/2/1*2)
(12/1/1*2)
(12/15/38)
(2/1/39)
(2/1/1*3)
3-1/1** ITOC bond
.
3/i5/l(Ji-61t
(3/15/3I*)
riMC uond
ETC note
HOLC bond
-
5/i5/uitJt9
-
U/lS/W
(5/15/31*)
(7/3/1*1)
(5/I/3I*)
3*
1*
3*
-
5/l/ltU-52
3-lA*-Troa«. bond-
U/l5/Ul|46
(V16/3I*)
Treas. note - 3/15/1*1*
1*
(11/1/39)
3/l»*
Treai. note - 6/15/Wt
(6/15/39)
TotalB for exchange traneactlon of 3/15/UU,,
1,609
279
i.uoi
53
279
1,556
97
239
1,161
83
2.035
3.800
U21
96
260
U21
1,939
3.5UO
llU
2,211
llU
gU
95
835
571
779
1.519
19
130
12
_JL
U.729
.11
5.251
1.655
2.5U5
U,122
95
93
7/8*
7/8*
Certificate Certificate -
10/l/UU
12/l/UU
2.127
96
.90*
Treas. note -
3/1/U5
76
705
80
1,223
Ug3
270
SU
98
78
81
37U
uo
3U
U28
U.877
1.615
2,511
3.69U
93
98
99
90
U/l/W*
('*/l5/l*3)
5/1/1*1*
(5/l/l*3)
8/l/W»
9/1/W
7/^
Certificate-
9/1/1*1*
(8/2/1*3)
(9/15/1*3)
9/15/lA
3/U*
1*
Treae. note Ireae. note -
9/15/1*^*
(I/31A1)
9/I5/UU
(12/22/39)
635
283
33
98
602
185
95
66
Totals for exchange transaction of 9/15/1*1*..
918
130
788
86
(10/15/1*3)
(12/1/1*3)
3.519
3,5U0
12U
3.U16
(12/15/2U)
1.037
126
911
2/l/"*5
(2/l/UU)
2/15/U5
12/15/lA
2/1 As
3/1/U5
-
lO/l/W
Certificate-
IZ/l/kk
7/8*
7/8*
Certificate
U*
Treas. bond
-
5/1/1*5
5.0U«
U12
uoo
U.6U9
(7/21/1*1)
17
5.U60
Ul£
395
5.0U3
(2/l/UU)
(3/15/UO)
(9/25/U2)
2,127
2.109
i.Si
18
225
60
Totals for exchange transaction of 3/1/U5"*
U,U5l
30U
U,lU7
93
(U/l/UU)
(5/l/UU)
U.g77
1.615
66
U,8H
35
1.579
99
98
(6/26/UU)
(6/1/39)
Totals for exchange transaction of 6/I/U5...
U.770
755
5.525
583
32
615
U,187
723
U,910
88
96
(8/l/UU)
2.511
Ul
2,U70
9«
(9/l/UU)
(9/16/35)
Totals for exchange transaction of 9/1/U5-**
3.69U
1,21U
265
307
3.U29
907
93
75
U,908
57*
"•.sss
U
Treas. note .90*
Treas. note 3/U*
1-1/U* Treas note -
6/I/U5,
7/8*
7/8*
3,1*92
Totals for exchange transaction of 2/1/U5..,
Certificate 7/S*
1-1/8* CCC note
.
Vl/ltS
12/l5/l*l*-5l*
3/1/1*5
3/15/U5
3/15/U5
Certificate -
U/1/U5
Certificate-
5/l/l*5..'
Certificate 7/8*
1-1/2* HOLC bond
Certificate
-
8/1/1*5
7/8*
S/l/ltS-i
Certificate 7/g*
2-3/U* Treas. bond -
6/1/U5
6/I/U5-U7
8/I/U5
9/I/U5
9/15/U5-U7
2-1/U* Treas. bond ,2-1/2* Trees, bond 1-1/2* Treas. note -
65
83
Certificate Certificate -
12/1/Ul*
-
9U
3.919
Certificate-
10/1/uu
S/l/UU
2-l/al Treas. bond - 12/15/6U-69
Treas. bond
7/g*
7/S*
7/8*
5/l/W
Certificate
2*
8/l/W(
it/l/lA
7/8*
92
96
92
9b
89
7/8*
7/Kt
7/8*
7/8*
Certificate
Certificate
Certificate
Certificate
-
-
9/15/51-53
9/15/56-59
3/15/S5-70
9/15/U8
8
9
..
.
8
5
8
9
95
Treasury Bulletin
3"^
Offerings and Maturities of Treasury Bills
Table 1.- Description of Treasury Bill Offerings and Amount of Maturities
(Amouttte In Billions of dollars)
Oeacription of new issue
Date of
issue
^Amount of
maturing
AjDount of bids accepted
Maturity
date
Vumber of
days to
maturity
Amount of
bids
tendered
Total
ajDoont
IJlrt-Aug.
3.
igllli-HoT.
2.
Aug.
Aug.
Aug.
Aug.
10.
17.
9.
16.
91
91
91
^U.
31.
Not.
Hot.
Hot.
Hot.
2lt.
92
30.
91
Sept.
7Sept. lU.
Sept. 21.
Sept. 28.
Dec.
Dec.
Dec.
Dec.
7-
lU.
21.
28.
91
91
91
91
19U5-Jan.
U.
91
11.
18.
25.
90
91
91
1.
91
91
Oct.
Oct.
Oct.
Oct.
Hot.
Sot.
Hot.
Hot.
Hot.
5.
13.
Jan.
19.
26.
Jan.
Jan.
2.
Tab.
Teb.
reb.
Tob.
Mar.
9.
16.
2U.
30.
8.
15.
23.
1.
Mar.
Mar.
Mar.
Mar.
15.
22.
29.
25.
Apr.
Apr.
Apr.
ifT.
12.
19.
26.
Tab.
reb.
15.
23.
May
May
May
May
Mar.
Mar.
Kar.
Mar.
Mar.
1.
Dec.
Dec.
Dec.
Dec.
19U5-Jan.
Jan.
Jan.
Jan.
7-
lU.
21.
28.
1».
11.
18.
Feb.
Teb.
Apr.
Apr.
Apr.
Aor.
8.
15.
22.
295-
12.
19.
26.
May
May
May
May
May
10.
17Zk.
31.
June
June
Juae
June
14.
21
28.
July
July
July
Jtay
3-
7.
5.
12.
19.
26.
2.
Aug.
Aug.
Aug.
Aug.
9-
16.
2330.
Kay
June
June
June
June
8.
5.
3-
10.
17.
2lt.
317.
lU.
21
28
1,762.1
18.
25.
Hot.
Hot.
Hot.
Hot.
Hot.
5''.3
1,211*. I*
,260.6
,261.7
50.1*
1.2ll*.l
52.6
52.9
1,210.9
1.205.8
1.209.9
1.210.2
l,97't.8
1,201*.
2,0140.8
91
91
91
91
2,1*65.0
2,157.U
2.198.2
2,195-0
91
91
91
90
2,056.7
2,027.9
1,891.8
1.888.0
91
91
91
91
91
2,065.8
91
91
91
91
It.
1,25U.6
91
91
91
91
2.092.1
2,109.3
2,012.9
2,029.9
2,067.9
.21*7.7
51.1*
1,207.0
1,217.2
1,202.3
1.137.3
1.135-0
1,151.0
1,152.8
67.1
72.0
66.2
1.20U.9
1.303-0
1,302.6
1.153.5
1,227.1
1,229.2
51.5
75-9
1,318.1*
1.2118.1*
69.9
1.315.8
1,310.2
1,300.1
1.308.7
1,258.0
1.252.7
57.8
57.5
1,21*9.8
1,21*2.7
Td
1.31U.2
1,310.2
1,316.1
1.302.5
1,255.1
l,311*,3
1.307.11
1,307.1*
1,313-1
1,21*9.6
1.253-1*
91
91
91
1.938.6
2.008.2
2,006.0
92
1.956-'*
91
1,986.1
Serrlce; amount of maturing
Ibily Treasury Statement
the Treasury.
bille dated May 12.
19l*3-
1,317.0
1,318-7
I.31U.5
1,310.6
1,309.0
l6,Ul*2.0
1.215.5
1,218.2
16,1*1*3.7
1,218.0
1.312.6
1.313-9
1,308.9
16.1*27.6
l6,ltlU.7
16,1*05.1
16.393-9
16,1*03.3
1,311.0
I.3IU.3
1.300.6
1.313-5
16,1*08.1
1.203.7
16,509.2
l6,itoi*.o
16.1*03.5
16,398.7
1,271.1
l,20l*-9
1,21*3.2
1.303-0
1,302.6
17,032.8
17.013.7
1,2511,2
60.8
63.2
56.0
1,318.1*
17,0U1.2
1,261*.
1*9.5
1,252-9
1,255.1
1,262.1
1.263.0
51*-
17.039.8
17.037-0
52-3
51.0
1,315.8
1,310.2
1,300.1
1,308.7
51-1*
1,311*. 2
50.6
58-3
58-9
63.9
1,310.2
1,316.1
1.302.5
17,01*1.1
17,03'*.7
l,3li*.0
17,01*1-3
51.9
58.0
68.1
60.1
1,317-1
1.303-9
1,318.2
1.310.3
17,029-1
17.035-S
17.023.1
17.024.9
1*9.1*
1,31U.3
53-U
57.1
50.3
52.6
1. 307.lt
17.027-5
17.038-9
17.0U5.9
1,255.0
1.253-0
1,252-7
2,01*6.9
16,1*1*9.8
1,211*.
60.1
l.30l*.9
2,oiti*.7
1.206.9
I16.O
1.233.9
1,254.0
1,251.7
1,251.5
1,310.6
1.305.5
1,312.1
59.0
60.5
62.7
68.6
l6.35'».7
16,1*58.3
l6,l*0U.5
16, 611*.
1,302.3
1.309.
1.305.3
1,317.8
2,028.5
2,233.0
73-1*
16,156.5
16.259.9
16,723.6
16,808.9
16,920.7
2.071.U
2,112.8
91
91
91
91
1*9.1*
15,857.8
15.965-1
16.059.6
1,207.0
1.217-2
1,202-3
l,3lU.l*
2.256.3
65.1 1/
15.71*7-'*
1,201*.
2,01*3.1
2,21*3.0
15.72l*.9
1.25I1.1
1*5.0
63.5
,262.1
,138.6
1,317.1
1.303.9
1,318.2
1.310.3
15,720.9
15,72U.3
15.720.1
15,715-0
15,71*9-1
1,311.0
i,3iU.3
1,300.6
1.313-5
1.203.7
l,31l*.0
1,017.1
1,206.9
1.206.3
l,2lU.l
1.215-3
1.216.3
1.203.8
1.206.6
z.zih.k
1,932.1
2,078.5
2,061.8
2,085.8
2.075.2
2,022.1
60.6
62.0
61.9
57.0
56.1
58.7
59.7
2,2l|0.9
2,ii36.U
basis 1/
15.719.2
15,733-1
15.737-0
1,161.9
1.253-9
1,868.2
outstanding
(as of date
Bhovn in
first column)
1.202-6
1,201.0
1,211.6
1,207.8
1,218.0
1,312.6
1.313.9
1,308.9
91
91
91
Total bills
63.1
56.7
2,308.0
2,197.0
2,183.9
2.356.3
6.
Sept.
Sept. 13.
Sept. 20.
Sept. 27.
11.
1,161.9
1,151.3
1.152.5
1,161.5
1.153.2-
2,2Ult.5
23.
30.
Oct.
Oct.
Oct.
Oct.
1,206.9
l,llt3-7
1,11*8.1
1.211*.
2,0ll8.7
16.
1,156.6
1,150.3
1,215.5
1.218.2
91
91
91
91
91
Aug.
Aug.
Aug.
Aug.
Aug.
26.
1,21U.1
1,210.9
1,205.8
1,209.9
1,210.2
2,058.3
1,81*2.8
2,l61*.0
5.
12.
19.
Ajnount on
f Ized-prlcs
2,005.1*
91
91
91
91
July
July
July
July
Ibta on nev issues come from Public Debt
issue and total bills outstanding are on
basis.
Back Figures: Annual Reports of the Secretary of
1/ Commencing with the offering of Treasury
Source;
2.010
2,001
2.033
1,851
1,831
AjDount on
competitive
basis
issue (as
of date
ehovn in
first column)
l,2ii6.5
1.253.9
1,237-1*
1,252.0
1,267.6
1.265.^
1.257
1.260
1,256 :l
1.307.'*
17,0119.3
17.0iilt.3
17,01*8.7
17. 01*8.
17,037-5
1.313-1
17.01*3.5
l,3ii*.it
17.038.1
tenders for bills in the amount of $100,000 or less from any one
bidder were accepted in full at a fixed price of 99-905 P«r hundred.
This amount was increased to $200,000 or lees commencing vith the
offering dated NoTember 30, igl*!*.
October 1945
35
Offerings and Maturities of Treasury Bills
-
(Continued)
Table 2.- Prices and Rates of Treasury Bill Offerings
Total l}ldg accepted
Data of
ISBQO
CoDpetltlra "bide accepted
High
Average
price
per hundred
IquiT&lent
aTera^e
rata 1/
Price
per
hundred
IqulTal ent
rata
1/
(Percent)
0.375
0-375
0.375
0.375
0.375
99-910
99-910
99-908 2/
99-908
99.910
0.356
0.356
Sept.
7Sept. lU.
Sept. 21.
Sept. 28.
99-905
99.905
99.905
99.905
0-375
0-375
0-375
0-375
99-908
99-910
99.910
99.908
0.3611
Oct.
Oct.
Oct.
Oct.
99.905
99.906
99.905
99.905
0.375
0.376
0.375
0.375
99.905
99.905
99.905
99.905
99.905
0.376
0.376
0-376
0.376
0.376
0.36I4
99-905
99.905
99-905
99.905
0.376
0.376
0.376
0.376
99-908
99-910
99-909
99-913
0.36U
0.360
0.360
0.3W1
99.905
99.906
99-905
99-905
0.376
0.376
0.376
0.376
0.375
0.375
0.375
0.375
0.375
99-913
99.913
99-910
99-910
99-908
o.3i»U
o.3i*U
0.36I1
99.905
99.905
99-905
99-905
99.905
0.376
0.376
0.376
0.376
0.376
99.905
99.905
99.905
99.905
0.375
0.375
0.375
0.375
99-908
99-910
99.910
99.910
0.36U
0.356
0.356
0.356
99-905
99.905
99-905
99.905
0.376
0.376
0.376
0.376
99.906
99.905
99-905
99-905
0.373
0.375
0.375
0.375
99-908
99-910
99-915
99.910
,36U
.356
.336
.356
99-905
99-905
99-905
99-905
0.376
0.376
0.376
0.376
15.
23.
99.905
99.905
99.905
99.906
0.375
0.375
0.375
0.376
99.910
99-910
99-911
99.910
0.356
0.356
0.352
0.360
99-905
99-905
99-905
99.906
,376
.376
,376
,376
0.375
0.375
0.375
0.375
0.375
99. 908
15..
22..
29..
99.905
99-905
99.905
99.905
99.905
O.36U
0.336
0.356
0.356
99.905
99.905
99-905
99.905
99.905
0.376
0.376
99.905
99-905
99.905
99.905
0.376
0.375
0.375
0.375
99.9O8
O.36U
O.36U
0.356
0.36U
99.905
99.905
99.905
99.905
0.376
0.376
0.376
0.376
99.905
99-905
99.905
99-905
99.905
0.375
0.375
0.375
0.375
0.375
99.910
99-908
99-9OB
99.910
99-910
0.356
99-905
99-905
99-905
99.905
99-905
0.376
0.376
0.376
0.376
0.376
99.905
99.905
99.905
99.905
0.375
0.375
0.375
0.375
99.908
99.9O8
99. 908
99. 908
O.36U
0.361*
O.36I1
O.36I*
99-905
99.905
99.905
99.905
0.376
0.376
0.376
0.376
99.905
99.905
99.905
99.905
0.375
0.375
O.J75
0.375
99.907
99.907
99.908
99. 908 U/
0.368
0.368
O.36U
O.36U
99.905
99.905
99.905
99.905
.376
.376
99.905
99.905
99.905
0.375
0.3T5
0.375
0.375
0.375
99.907
99.90s
99.908
99-909
99. 908
0.368
99-905
99.905
99.905
99.9OU
99.905
10.
17Zk.
Hot.
Hot.
Hot.
Not.
Not.
Dec.
Dec.
Dec.
Dec.
31
•
5.
13.
19.
26.
2.
9.
16.
2U.
30.
7-
lU.
21.
28.
19lt5-Jan.
U.
Jan.
Jan.
Jan.
11.
18.
25.
re1>.
1.
8.
Tab.
Teb.
Teb.
Har.
Mar.
Mar.
Mar.
Har.
IfT.
Apr.
Apr.
J^ir.
H«7
May
Kay
May
May
June
J-me
Jtine
June
5.
12..
19..
26.,
3-
10.
17.
2U.
31.
7-
lU.
21.
28.
jTlly
5.
JUy
12.
19.
July
July
Aug.
Aug.
Au«.
Ad«.
Au«.
1/
99.905
99.905
99-905
99.904
99-905
3.
A««.
Aug.
Am«.
Equivalent
rate
(Percent)
(Percent)
99.905
99.905
99.905
99.90U
99.905
19Ul(_An«.
krig.
per
hondrad
26.
2.
il:
23.
30.
99.90I*
99.905
Source:
Public Debt Serrlce.
Back Tlgureei Annual Report* of the Secretary of the Traaauzy.
Bank dlacount baala.
1/
99-915
99-910
99-908
99.910
0.356
0.356
y
99-910
99.908
2/
0.360
0.356
0.356
0.356
99. 908
y
^
o.36it
be ft
0.361*
0.3611
0.36lt
0-356
0.356
O.36I*
0.361*
0.356
O.36U
$10,000 at 99.925
at 99.925licept $75,000 at 99-925-
bcept $2,000,000
376
.376
.376
376
.376
.376
.376
0.376
0.376
0.376
U
73
.....
,
.
U
6
3
U
8
3
Treasury Bulletin
36
Sales and Radeaptlona of United States Savings Bonds
Table 1.- Sumnary of Sales and Redemptions, by Series
(la
llllosi of delUn)
Matnrltloo aad radaaptloaa
Saloa
flioal frnj
or aoath
iaoont
oatttaadlac
«ad of
flSMl TMir
or aoath
let obaac*
dorla^
fltoal 7*ar
or aoath
^
Saloa to
lavoatort
othor than
oeaaaroial
Saloa to
Comoro lal
ieoroal
of
radaaptlaa
Taloaa
Total
Orlflaal
lataraat
pnrotaaaa
aoomad
prlaa 2/
2/
All aartaa ij
193*
X937
193«
1939
19*0
316.1
799.S
1.237.T
i.sSs.i
2.904.T
19U1
U,3llt.O
igitz
lO.lU.S
19U3
a. 356.2
W
2^.1
26)1.0
»i«3.!
l*3«.0
J12.6
630.5
1,036.8
5,99'».l
11.7*8.7
5.99H.I
11.788.7
15.'t97.7
14, (90.8
lClt67!l
358.1
fe3.7
602.
6CX3.0
2.U
692.1
691.1
1.0
»5.5«5.6
10, 979.'*
igUli-iii^jt
Septttnbor.
36.883.5
37.323.3
U39.8
37.6Wt.7
38,308.2
to. 360.8
March
Ui.ito.j
Ul, 698.2
U2,159.5
April
Hay
Jtma
142,625.6
U3. 767.0
1*5,585.6
July
An^aat
1*6,508.2
'*6,7l'*.8
19**5"Januapy.
.
rebroarj.
i
1,1*92.14
3i>.te6.i
.
I
l,l*92.1>
i9't5
BoTember.
Bocon^er.
6eU.;
1,108.7
1,1409.3
5,r7ls.2
ll,06«.0
13.390.0
Octolier.
W7.5
321.1*
695.0
1*
.6
663.6
1.0?3.1t
2,052.6
2,385.8
999.7
2,353-5
32.11
779.5
557.9
l,07l*.2
l,07i*.2
81*8.0
81*8.0
1*61.3
889.1
889.1
8T7.6
837-6
691*.
23.7
1*66.
1,11*1.
1,5*10.1
1.5W.1
1,818.
2,178.1
1,850.5
327.6
922.6
1.29'4.5
699.7
1.271.9
699.7
22.6
+206.6
1.2
7.2
17.1
28.0
US.l
11.2
11.1
J6.2
£6.6
82.0
Ul».3
80.0
110.8
IU8.I
ll42.(
207.14
81*8.3
200.9
m
.3
1.1
2.0
3.5
65.0
87.5
127.6
223.2
3«7.0
2,J70.?
».29<.«
21.9
30.7
278.7
283.0
276.9
281.2
1.8
1.7
26.9
22.6
32.0
too.
398.2
380.0
362.9
2.U
U6.7
33.0
36.0
3ia.u
338.7
320.7
2.7
2.U
8.0
32.0
27.8
U3-7
toj.e
382.1*
365.3
Shi.
2.557.8
5/
"•55.
1*26.5
1*03.2
56.5
38.0
1*28.1*
1.2
11.2
531.1
7.0
13.1
5/
2.1*
2.U
^.
%
5/
5/
5/
11
5/
Sarlai ti-D 6/
19J7
193«
1939
316.1
799.6
1.237.7
1,868.1
19110
2,901*.
1936
251*. 1
26l*.o
1*83-5
J*38.0
S2.S
€30.5
1,036.6
6gU.5
.108.7
71
•7U5.5
828.0
828.0
-116.1
.8
.1
.1
.8
i
i
7.2
17.1
28.0
US.l
82.0
11.1
m
80.0
111*.
U0.8
1>47.5
1U2.2
126.2
81.1
71.7
5/
m?
3,608.0
19*
3.62IJ.8
J.«
16.8
19>^5
3.585.3 1/
-39.5
65.0
85.9
92.0
96.0
103.3
1.6
2.0
8.1
7.5
6.6
5.5
l-\
1.0
6.7
5.7
5.0
19'ia
Wte
,
3!wU!2
19llU-Aueaat...
,63i*.2
Soptenhor
,636.2
Octohar..
BoTeohar.
Dacmbar.
.637.2
,636.3
,638.0
191*5- Jaaoary..
Tabruary.
March
.
.
11*2.8 2/
6.1*
-.9
l-l
6.7
S.o
3,61*5.0
+7.0
ii*.9
3.6U7.3
3.629.1
2.3
-18.2
8.3
7.7
8.0
6.0
25-9
7.0
5.3
20.3
-15.5
-16.5
-11.9
6.9
5.7
8.8
.6.U
15.9
8.7
3. 585.
July
August.
.1
132.7
88.2
79.3
1.7
3.613.6
3.597.1
i^irll
May
Juna
.1
3.578-9
3,571.6 1/
.3
1.1
2.0
3.5
-7.3
-T
5.6
22.
22.2
20.6
5/
5/
22.3
16.0 2/
5/
5/
JL
Sarlaa I 2/ 8/
IS^
3.670.8
11,286.6
21.12U.8
29.097.1 1/
19UJ
19ltlt
iS^
19>tU-Au«aat
.
.
Septeaber
Octobar..
UoTmbor.
Baceobar.
7.615.8
9,838.2
7.972.3
3.526.3
8,271.3
11,819.7
3.526.3
8.271.3
11.819.7
118.1*
60.0
688.6
2.099.9
3.81*5.9 1/
1.5
33.1
60.0
688.0
2.09U.7
3.825.2
.6
5-2
20.7
11,553.'*
11.553.'4
26U.8
22,898.9
23.256.9
266.6
357.9
1*99.1*
1*99.1*
2l4l*.7
590.8
13.0
21.9
21*5.7
590.8
5'».7
253.7
1.0
1.1
23,501.7
23,970.8
25.5IU.5
2UU.9
1*69.0
1,51*3.8
598.6
806.8
1.855.3
998.6
8o6.g
1.855.3
18.9
15.8
22.2
372.5
353.6
333.7
37D.9
351.9
332.1
1.6
1.6
1.6
803.8
653.2
712.1
803.8
653.2
712.1
29.1*
23.1*
305.9
290.5
30U.2
288.9
1.6
1.6
Tahroarj.
26,01*1.9
26,1*28.0
March
19l*5-Jeiniar7.
3,1*67.7
527.1*
26,760.2
386.1
332.2
26.5
1*06. <*
toii.ii
2-3r
April
May
Jana
27,109.3
3''9.1
68U.1*
6gU.U
23.1*
356.U
27.9148.5
839.2
,19U.7
29.097.1
l,lU8.7
,1*67.7
1.19'4.7
1.1467.7
32.8
358.7
375.9
351.9
3t9.3
2.3
2.5
2.5
Joly
Aa^oat..
29.790.9
29.90U.8
693.8
113.8
1,031.8
571.3
1,031.8
571.3
372.6
2.8
1*81.3
3.7
.
y
(CoatlBoad oa follovia^ P<€*)
20.
37.1*
27.6
375.U
iSS-O II
373.'*
.
9
U
..
«
October 1945
9
J
37
Salea and Redeaptioua of United States Savings Bonda - (Oontlcued)
Table 1.- Summary of Sales and Redemptlona, by Series
(Continued)
(Ib Btlltou Of lolUra)
Sal**
toeut
llsoal J99r
OT aoBth
oatstaadlnc
•ad of
ntoal /Mr
or Bonth 1/
lat ohjafa
darlac
flao«l ja«r
or aoBth
Total
iBlaa to
iBToatora
othar th«B
coaBarci&l
Maturltlaa aad rvAaaptlOBB
Aeenal
lalaa to
coaaarolal
of
rodaspiloB
TBluaa
Total
OrtclBBl
porcbBBa
prlo» 2/
Xnt«r«it
•eenMd
Borlaa » i/ 1/
•*32.3
7U3.'t
1.995.7
z.tei.U
I9"t5.
753 •'»
•»6o«.7
Ujl».9
•»3h.9
.2
757.9
(02.2
679.1
757.9
691.2
2.5
8.8
5>»2.8
111.0
136.3
17.0
15.«
.(
.1
10
0.6
Ingiat
taptaabar.
2.ioe.3
8.U3.3
11.0
11.0
Ootobar.
Vorasbar.
Baoaabar.
a.ia.S
+«.2
a.i5«.5
2.277.6
37.1
13.7
W2.7
U9.I
1*.7
iih.i
19U^asaar7..
2.31'».6
l»2.0
a,33«.o
2.357.3
37.0
23. "»
19.2
Me.o
VabrOBOr.
Nareh
26.5
Ifrtl.
KB/...
Jbbb..
2.376.3
2.»33
19.1
SJ:5
171.2
23.1
62.9
178.0
103.5
July...
2.6U6.6
2.661.7
<»2.1
"»7.l»
39.'»
8.0
15.1
21.6
Ijlrt
2,
570
17.
16.0
19'»2.
2.'»ll».3
19^3.
19>M.
5.U9.2
7,860.8
10.298.8
19^.
I9
I 1I1
fagtat
taptaabar.
Oetobar
.
8,2>te.l
8.3170
8.38'».2
oraabar,
Saeaabar.
8.930.6
IjU^-JaBBBrr..
VabroBT/.
9.2S'».9
9.138.8
Itercb
9. '12.
Af>rll.
9.526.
JoBa.
9.788.2
10,298.8
2,020.3
2.70U.9
2,7Ui.6
2.U3T.9
2.032.1
2.759.5
2,875.6
2,658.3
66.5
68.9
85.3
85-3
(»
7.6
6.3
i.k
6.8
6.9
7.0
6.7
.1
6.9
.1
.1
U
"1/
7.>»
8.5
26.5
8.6
9.1
23.1
62.9
7H.5
1.8
1.7
2.1
5.8
7.7
8.9
3-2
1.7
8.U
8.2
•If
.1
.1
9.0
I
\
5/
5/
5Z.
5/
5/
2/ 2/
2.032.1
2.759.5
2,628.5
2,371.0
11.8
5W.5
U.8
^.5
2l»7.1
i3i<.o
287.3
220.U
13't.O
220.lt
1.6
18.8
18.8
2:
.8
l6.lt
l6.lt
82.l»
.It
15."
21.8
15.5
15.5
17.9
15.
158.5
l6l«.l
20.1
IS.O
20.1
18.0
150.5
22.lt
22.lt
16.6
20.6
21.8
16.6
20.6
21.8
22.2
21.9
22.2
21.9
82.8
173.9
IW5.9
208.2
IU6.I
128.0
228.3
I6U.I
150.5
228.3
113.5
261.8
130.1
282.U
130.1
<510.6
532.I*
3W.1
282.1)
3O8.3
200.7
10,U91.8
193-0
215.3
JtOj...
8't.9
106.8
106.8
i«>«ut.
Sooraai ]>all7 TtaAanry Statananta.
rBarlaad.
ttaa> >9>,000.
eorront ralaaptloa raluaa axeept Sarlaa 0, vhloh la atatad at par.
3/
latlBBtad, axsapt for Sarlaa 3.
Tor datBlla coacarnlBC InTaataaat jialda aad rada^tlOB Taloaa. aaa
19't5.
iJl.
Ballatlo*
for
Kay
traaanrr
P»«a
1/ Ooaaarolal bank porcbaaaa vara paralttad prior to A^ll 1. 19lt0,
•ad ait aatlaatad to hara acgragatad about $300 alllloa.
lot 7a t aral labia.
Sarlaa i^S. aold batvaaa March 1935 and April 19ltl, ara 10 7*ar
dlaeoont boada aold at 75^ of aatnrlty Talna. Tlaldlac 2.90)( par
BBBBB if bald to aatnrlty; purchaaaa mra Italtad t« 17,500 iaana
prlea la aair oalaadar /aar aad froa April 1. 19140, could ba aada
Sarlaa X boada ba(aa to aatura la March 19't5.
oalr br ladlTiduala.
for iaforaatloa oa tha (^iprozlaata aoathl; diatributioa of aaturitlaa dBria« I9U5 ttt "Treaaury Bullatia" for March 19lt5, pa(a i-2.
Tha aaall aaouata of aaturad boada vhich hara aot baaa radaaaad raaaio ia tha aaount outataadla^.
2/ Thara vara ll}0.; alllioa of Sariaa l^D and I aarla«a boada radaaaad
aarlaa.
tbroB«b te^at 31. 19lt^ vhlch had not baaa idaatiflad
roT pnrpoaaa of thia tabla, it haa baaa aaauaad that all of thaaa
1
vara Sariaa
boada.
8/ Sarlaa 1. oa aala aiaoa Mqr 1, 19>tl. ia a 10 jraar dlaconnt boad
V
d
7.6
6.3
18.
7.'*
67.3
158.3
388.0
Uu
M
2.9
17.0
1.3
1.8
21.6
Sarlaa
2.9
17.0
57.7
89.3
22U.I
it.5
15.5
17.9
aold at 75)C of aaturltj Talua, rialdiaf 2.90f par aaima if bald
to aatarltr; pnrchaaai ara liaitad to 13,750 iaaua prloa ia aar
oalaadar x«ar and Bay ba aada oalj by indlTiduala,
Sarlaa T aad 3 hara baaa oa aala aiaca May 1, 19lll. Sariaa ' 1* *
12 yaar dlaoount boad aold at 7>t^ of aaturlty Talua, yialdla* 2.53^
Sariaa D ia a 12 yaar eurraat inpar BBHaa if hald to aaturity.
ooaa boad, aold at par, baaria^ lataraat at tha rata of 2-1/2^ par
aaturity
or at atatad pricaa laaa thaa
radaaaabla
par
oa
at
UBBB,
ooabiaad ia aay
Porahaaaa of Sarlaa f and
par bafora aaturity.
oaa oalaadar yaar ara liaitad to 1100,000 iaaua prlca (150,000 ia
Coiaarclal baaka vara paratttad to pnrohaaa
oalaadar yaar 19U1).
Sarlaa f K>d 3 boada during tha calaadar yaar I9M uadar cartaia
eoaditioaa ("Iraaaury Bullatln' for Dacaabar 19Wt. pa«» 36. foolaota 9): aad froa Jnaa 18 through .Tuaa 30, I9U3 tbay vara a«alB
parvlttad to aaka auch porehaaaa, aub>ct to tha folloirio« lialtatioaa:
(1) porehaaaa of Sariaa f aad 3 boada froa Juaa 18 throu^
Juna 30 vera aot to azeoad tha ananal liait of 1100,000: and (2)
eoablaad purohaaaa of Sariaa T aad 3 boadi. 1-1/2^ Traaaury boada
daa 12/15/50, aad 7/8^ oartificatai of ludabtadaaaa dua 6/1/1)6 aa^
Bot axoaad 10)( of tha eoablaad aaouat of tlaa cartlfloataa of dapoalt of ladlTidnala aad aoa-profit corporatloaa or aaaoclatioaa
aad of aariaca dapoaita. or I5OO.OOO, vhlabarar aa^ ba laaa.
..
.
.
.
U
.
5
«
3
23
3
Treasury Bulletin
3«
Sales and Redemptions of United States Savings Bonds
-
(Cktntlnued)
Table 2.- Total Sales by Series, Classified by Denominations
SaleB In mllllonB of dollare at liona price
rifcal year
or noutb
Total
Percantaee dlttrllintioii of saloe
Danominatlon
aU
danomlnatiose
$10
$25
$50
$100
$500
$1,000
$5,000
$10,000
Total
all
Aenomlat 1 one
Senomlnat Ion
$10
U
$25
$50
$100
$500
$1,000
17.5
9.7
13.1
13.9
1U.9
23.0
20.7
21.9
20.8
18.1
12.2
11.8
11.5
31.7
17.9
17.J
18.2
18.0
18.0
19-2
18.2
$5,000 $10,000
Series I
191*2
3.526.3
8,271.3
11,819,7
19UJ
191*
I9U5
ii.553.'t
igllVAugoat
September.
October.
HoTanber
DeceDl>er
19l(5-Jamiaiy
February
March...
Iprll..
May
June.
.
July.
.
in^ut
191*2 2/.
•
.
U.5
221.8
277.1
89.8
106.3
95.9
107.6
35.6
.1
598.6
806.8
1.855.3
9.6
281.9
101.2
109.3
126.3
108.8
165.5
6.1
i*67.7
233.1*
1*57.6
36.6
8U.5
288.3
803.8
653.2
712.1
6.0
12U.7
7.7
301.1*
122.5
153.5
118.2
127.5
77.3
50.8
5U.I
11*6.1
'•.7
296.2
269.1
7.7
7.3
8.9
285.3
U5.2
123.1
5l*.0
31*1.3
157.7
178.8
2i*S.5
160.2
317.9
227.1*
l't5.7
205.0
103.8
127.9
19.6
27.5
1*0.6
5.6
2l*.8
2l*.9
1*0.9
5.1*
20.0
32.7
.2
.2
.9
.8
6sl*.U
1,191*. 7
1.1*67.7
1,031.8
571.3
8.U
8.3
358.3
322.7
233.6
9
757.9
802.2
679.1
•
19U5--19W*-iueust
September.
October..
HoTember.
17.8
16.0
i:o'
U2.0
96.2
i*O.U
1*7.
100.0
100.0
100.0
100.0
.6
36.1
35.1
3U.0
Uk.k
100.0
100.0
51.7
59.5
590.8
1*31*.
19U?....
igw-
1(99.
615.6
3U1.5
812.7
636.9 1,119.5
2,988.2 1.081.0 1,713.8 1.007.3 i,i*ai.o
l*,llt9.1 1,61*2.5 2,583.5 1.396.9 2,01*7.8
69.2 3.927.7 1.72U.8 2,1*05.2 1.325.7 2.099.7
1*6.9
100.0
100.0
100.0
1.6
1*7.1
18.
18.2
6.1
8.7
.6
37.3
25.2
15.7
12.6
20.5
2U.7
10.5
15.5
15.1*
.7
.7
36.9
98.3
99.0
100.0
100.0
100.0
1.1
1*2.3
15.5
17.1
17.2
19.1
18.1
17.9
9.6
7.8
7.6
18.2
15.1
13.9
99.0
281.6
376.U
100.0
100.0
100.0
1.1
Ml.J
28.6
18.0
20.6
21.7
13.1*
23. s
2l*.l*
16.8
13.2
12.2
15.5
25.6
222.0
82.0
100.0
100.0
.8
19.9
18.2
12.1*
S:
lU.l
16.8
21.5
lU.U
121*.
1*02.3
123.6
210.1
213.3
167.3
91.7
170.2
162.7
127.5
5.8
5.3
•3
.6
.6
1.1*
1*1.2
i*.5
3.3
3.1
3.0
1:1
35U.8
326.2
3.7
3.5
u
100.0
100.0
1.1*
1*.8
1.2
U.7
7.5
8.8
100.0
100.0
100.0
1.6
5.1*
.8
3.1
.9
3.5
100,0
100.0
100.0
.9
.7
13.7
.2
.7
.9
5.0
1*2.7
12l*.7
3.2
9.7
3.5
16.3
i:i
2.3
7.5
12.7
1.1
39.8
28.8
'Q-i
19l*5-Jannary..
1*2.0
.1*
1.1*
9.2
6.8
22.1*
rebroary.
Maroh
30.7
26.5
.2
.3
.9
.9
1.9
1.3
1.2
6.0
^:^9
16.9
13.2
'23.1
62.9
178.0
.2
.6
.9
1.1
6.^
17.6
23.6
u.u
13.7
10.2
25.5
Zl.l*
121*. 9
100.0
100.0
100.0
12.1*
8.7
•.3
22.0
9.8
100.0
100.0
3.2
3.0
883.8
1.157.3
100.0
100.0
100.0
100.0
2.5
100.0
100.0
1*.2
100.0
100.0
100.0
3.9
UU.O
II5.U
85.3
63.1
100.0
100.0
100.0
2.1
2.2
I46.8
.^rll.
Hay...
June.
July. ..
ineuat.
1*7.1*
21.6
.8
.U
.2
2.1
2.9
1.5
.7
li
2.U
1.0
6.3
5.7
Series
191*2.
2,032.1
2.759.5
2,875.6
2,658.3
50.9
SI.5
108.8
September
85.3
85.3
3.6
3.2
October.
BoTanber.
December.
82.8
173.9
u
1*05.9
19.7
228.3
19U5.
19l*l*-iueuet
19lt5-J«nn«ry.
Tebnaiy.
l6l*.l
March
150.5
i^rU.
130.1
May...
June.
532.U
July. ..
August.
215.3
106.8
Source:
*
1/
282.1*
88.
113.0
188.7
2U9.6
221.9
578.1
8O5.7
l«06.2
526.3
91*2.3
1,051*.
81*1*.7
1,035.6
31*. 2
8.1
33.3
16.7
16.7
U5.6
11*0.8
16.0
35.3
85.8
U.8
3.6
3.9
lU.J
9.6
ei.2
ia.9
10.1*
1*6.9
3.8
9.8
11.9
10.2
l*l*.8
2l*.5
25.1*
101.8
120.0
t-^
69 .8
299."*
77.0
1*1.0
72.1*
1*2.9
21.6
29.0
31.3
(1) Total ealee:
Bally Treasury Statements; (2) Jl^urea by denominations are estimated on the basis of reporte received by the
Treasury.
Less than .05^.
Sale of $10 denomination Series E bonds was autlwrlsad In June
32.7
m
.1*
21.1
39.1*
22.1*
1*0.7
ia*.2
2l*.6
20.3
18.8
32.1*
a.o
33-'*
21.8
36.9
29.7
31.9
22.8
23.1
21.8
20.5
22.9
16,1
16.5
18.6
53-2
55.2
27.2
27.6
13.3
19.2
l|l*.l
Z1.8
1*0.6
12.0
7D.2
26.2
26.5
I8.3
19.7
U6.U
5.6
6.8
8.7
8.3
28.1*
20.0
19.1
18.1
10.1
9.5
1*0.1
9-3
9.2
11.2
38.1
21
1-^
6.0
3-'*
1*.6
1.0
2.9
3.3
U.5
1.0
'•7
U.2
1*.8
5.7
1.6
lU
2.5
^:^5
23.1*
1*<.0
32.9
30.1
25.8
38.2
3U.6
^.7
ft
8.6
18.6
9.9
8.3
.3
.5
.7
.8
308.
21.7
ll*.5
100.0
100.0
100.0
100.0
171.1
Deceanber.
.1*
10.1*
10.1
22.1
2>*.0
2l*.l*
90.5
91.1
19.6
19.6
26.0
28.1
19.3
20.3
29.1*
37.6
3"*.
7
21.1
26.8
25.5
31.1
ll*.3
2.6
6.3
?•'
6.9
100.0
100.0
100.0
2.9
3.5
2.2
7.9
9.0
5.9
3l*.l*
18.8
19.2
100.0
100.0
2.9
3.2
8.6
9.3
3.8
3.3
3.8
29.2
32.8
31.8
39.0
36.1
22.5
'10.2
lU.U
17.5
29.1
28.1
50.5
52.0
1*1.9
13.1
36.0
32.2
56.3
19.1
20.2
33.6
27.1
This denomination Is aTallable only to members of the military and naval forces of the TTnlted States.
Sale of $25 denomination Series 7 bonds vas authorised In Decanber
191*1*.
2/
17.6
U3.5
U1.9
36.6
39.0
3.0
191*1.
...
W
1
October 1945
39
Sales and Redemptions of United States Savings Bonds -(Continued)
Table 3.- Sales, by Series, to Investors Other than Commercial Banks, Classified by States
FART A
-
SERIES E
(In thoaseaidB of dallart >t
Tltcal y«ar
iguu
I9U5
19U1*
19U5
tag-
Sept.
Oct.
Alabama
Arlfona
irkanaaa
139.180
152,122
13.923
76.368
5,053
7.272
7.613
2,021*
2,31*6
2,351
6,731
1.829
3,100
U.OOO
5.532
California
Colorado
CooBOCtlcat
970. UlU
972.302
82, 617
211,932
i*i,30i»
56,1*1*7
2,809
10,316
3,725
12,269
51.600
3,033
12,11*0
53.796
5.303
ik.SBO
Oelorara
Hat. of ColomUa
27.609
135.069
lU2,6g2|
26,663
1.572
7,706
8,326
1.753
7.939
7.083
IU5.933
UO,230
755.362
156,821
6,02l»
8U2!2«7
956
36.009
313.59^
323.206
263.!i>»<;
2>M,>«'K)
TU.iTfi
90,226
220. 926
ITlorlda
Oaorgla
Idaho
IlUnoit
Indiana
lova
lanaaa
1,1*12
1,382
1.556
U.I*26
s,tM
5.81*9
7.877
15,930
5,855
6,580
163.077
163.285
Xantoe^
127.956
1*,302
lonitlana
Malna
ll«l,lo6
5l».99l»
122,288
135.933
51.791
MarT-land
Maaaaehuaette ....
Klchigan
152.566
390,986
6e8,l59
Kinneeota
Niaalaalppl
Klaaonri
Montana
Babraaka
SaTada
Wev Eampahire ....
lav Jara«7
lav Mazieo
««v York
lortb Carolina.
lorth Dakota
,
Ohio
Oklahoaa
Oragon
Pannaylranla
BhodB Iflland
South Carolina.
.
Sonth Dakota
Tannaaaaa
Taxaa
Vaahlngtos
Vaat Tlrglnia.
Viaeonain
Vroaing
..
Alaaka
Canal Zona
Kavail
Paarto Rico
Tlrgln lalanda.
Othar poaaaaalona
.
total
Jan.
May
Jaa«
10,772
2,615
4,090
17,239
'*,37'*
17,238
5,921
8.641*
11.
78,051*
125, UlU
100, 7U9
9,024
11,527
24.659
E,6l2
20.169
3,241
IT.C92
18.039
2,639
15,085
17,122
Apr.
Kar.
13,175
3,531
5,162
7,935
2,540
8.211
3,95"*
I*,
153.1*60
li*.U77
77,636
5,758
16,613
55,364
3,957
12,857
12,177
53,636
4,873
15,573
it,0<*5
2.091
22,961
22,799
11.1*96
l6.oit6
I.5W*
6,669
9,251
1,730
8,795
10.346
1.684
8,153
9.838
12,377
14, 206
9.157
1.581
51,074
8,812
1,711
8,630
1,519
51,997
19,265
5,852
19.057
3,1*1(2
51,11*3
79,152
106, U06
79, '103
29,982
29,885
38,632
4o,277
23.487
28.Ug9
22,U38
13,815
17.272
13.452
6.756
I3,uii3
18,138
U«,310
71,03U
14,553
37,745
51,053
19,831
7,388
29,321
29,1*80
2,1*80
121
61.994
l*,51l
17,61*6
2,1*55
25,513
8,703
ii»,u5
2.002
67,821*
2l*,030
16,376
11.727
20,824
10,173
9.167
19,239
li,l49
11,638
20,71*7
10,727
675
50,216
28,277
7.081
8.085
2,991
9.720
8,U37
2,998
'=,1*55
11,215
7,291
2,608
11,21(0
9,630
20,936
38,420
10,019
23,883
ll»,9l7
37,331*
9,055
25,370
37,125
11,147
3,548
15,776
12,173
3,959
14,654
22,751
7,71*2
9.39'*
1,620
1*3,959
2.310
50.668
18,837
8.227
18,080
8,189
22,070
6,1*35
5,1106
l'*,003
16.U7U
U.U83
7,524
25.325
7.087
13.270
118. U36
8,616
1,292
1*5.181
Jnlj
1*1*,
11,958
7,213
18,11*3
3,1*53
6,873
8,337
2,660
6,397
8,08>«
20,581*
1,91*0
5.657
7.029
2.535
2.559
9,01*1
9,803
11,120
3,956
156, U21
373.076
627,872
6,969
13.802
23,516
9.202
21.153
8.785
20,815
35,817
9.272
22,006
37.811
23,1*28
13,012
53, 99"*
1*1*,1*1*2
97,629
U5|602
2U9.962
82,588
283,681
229. '»73
9,1*31
10,71*1*
l'*.56l*
1*2,1*22
15,000
2.296
12,696
lt,068
'.937
273.05'*
8.220
1,850
10,919
ll*.211*
17.71*7
17,661t
1*U.3)A
5.51*2
19,881*
9.896
3,893
13,449
31,435
35,553
10.447
39,278
55,230
128,079
1,290
3,6Ul
U93
2,089
3,655
6,220
7,112
SUl
8.680
23,889
13,1(68
52.2WI
127,113
13.909
3,073
8,985
799
2,124
5.566
656
2.223
6.713
850
3.298
7.010
821
6,360
14,395
1,063
7,927
20,484
2,080
12,803
1,510
32.722
338
27.990
31.836
U21,ln6
28.570
1,071*
21.01*6
1,812
1.569
1.1*83
22,71*1*
2U,It65
1.075
i.itai*
967
2.055
5,117
61,801
1,091*
2,827
36,712
1,685
1.478
23,703
1,809
1,932
27,755
1,761
1.965
23.443
1.609
2,214
38.109
3,088
3,836
U9,078
3,58*
3,706
Ul,UU2
2,905
1.290.035
l.365,l»6l
58,011
70.01*3
'*,697
7.815
57.135
999
7.880
1.755
213,168
27,985
1*.71S
l'*,276
129,977
13,650
2,9*1
78,972
9,009
1,925
83,077
9,360
2,131
75,755
8.416
1,970
139.383
13.011
5.773
161.305
19,357
9,810
150, 7UU
W.itos
70,067
7,195
1,315
71.31*2
i1*9,iAt
58,22l»
71'*,
177
135. 26t
709, 9l«
35,01*0
1*2,132
'»,833
107,388
46.252
1(2.191
159.752
5.937
27,853
7,066
7,683
7,'*75
10,61*7
7,5l4
6.810
7,769
66,764
12,957
15,488
85,7U8
20,363
23,286
70.233
23,981*
7,106
9.536
8,U86
55,767
13,060
1(0,703
i*,5'*7
37,327
5,906
7,379
1*1*,286
138,827
157,205
857, iwo
852,71*5
39,068
1*7,888
'*9,3'»3
59,677
2,1*17
2,1*87
3,723
3,2'<0
1»,937
'*,538
51,109
3,681
4.636
5,084
4.593
79,549
4.992
6,298
102. U56
63,079
80.080
210
9,175
13,816
63.61*5
60.8^
8.172
9.602
85,UUU
6,961
8.229
53.813
l»g,59U
7,365
20,335
1.739
7.775
3,052
l'»7,295
'•76,879
1,182
5.316
16,019
1,1*95
W7.296
21.1*51
1.640
8,572
26.910
1,777
9,001
28,045
2.456
8,272
26.075
5,755
12,530
51.289
8.100
20,513
62,828
15,861
Us, 290
2,1*71
2,715
912
2,956
869
12,922
2,758
1.008
12,310
5.571
1.389
16.757
26'.040
5,186
2.015
25.060
ll»,225
12,1*50
6,273
15.469
1.058
20,865
8,512
24,158
1,735
29,333
10.951
36,765
2,976
26.083
10,625
2U,705
2,098
225
538
3,379
4l9
362
888
7,425
8,605
2,U29
1.4U8
2,133
8,671
890
'tis.
76.058
86,994
5.7'*l*
1,856
1*,1*18
576
21*.
2.'*25
'*.73'*
12'*,
5.729
6.552
12,21*7
35,318
10,655
23,297
79.620
3,305
870
9.838
9,222
3,030
33,562
3,180
1,838
17,896
11,265
14,760
5,650
13,269
8.1*1*9
2.519
3U.I19
54.189
l».051
56,357
18,819
189,563
5'»,37'»
1,590
2,1*76
17.901
203.197
687
71*6
6,385
10,856
10,57'*
257.729
92,197
21W.280
23.769
2U7.058
96.302
262,350
22,046
10,1*63
i*,0l6
15,991*
1»,790
12.7U5
6,201
17,191
1*0,009
5,'i96
lU.229
9,915
639
12,970
13,'»30
1*2,282
91*9
966
15,711
1,177
20,166
9,091
19,928
'*.391
1,791*
1,01*7
5,723
l4,295
l,2Ul
6.960
7.135
58.310
8.931
958
69
5.67'*
U38
309
529
51*9
212
535
254
539
5,069
321
^^6
'*,965
5.i5o
313
5,125
'*,727
t(.e4o
U62
1*81
5
11
1,275
909
9,060
2,885
108
230
18
390
532
270
6.965
70,385
12,285
7
7
3
12
Unalloeatad
Adjuatmant to
Daily Treacury
Stataaant
Sac
loT.
17, 3W*
U9lt.995
Otah
Taraoat
Virginia
Itnu prleta)
1*07
1*6
296
6
8
91(3
3,955
w!o94
l'i,?75
9,050
2
i(4u
9,800
5,103
3,19"*
15.62U
5,080
15,1*24
15.658
5.OU
UU
7
3
5
1
18
1
17,087 12U.558
-39
12.289 *li.Sj6
-15,681
-133,013
803,819
653,222
|6«l»,42t»
1.U67.673
1,031,778
10
21
225.856
-59,830
ll,819.7l«2 11,553,361
-16,718
-6,703 tlOTOOS
590.827 598,570
806,817 1.855,300
(Contlnoad on follovlng pa<*)
712,133
..
.
. ..
.
..
,
.
.
.
Treasury Bulletin
40
Sales and Redemptions of United States Savings Bonds
(Continued)
-
Table 3.- Sales, by Series, to Investors Other than Commercial Banks, Classified by States
PAKT B
(Continued)
-
SERIES F AMD d COKBINEO
-
(In thoaiands of dollari at la«ua prices)
llcoal 7«ar
igiut
19145
State
I9IA
I9U5
K»y
ifT.
Jan.
S«pt.
iu«.
July
P
30.156
9.U5O
17.831
iilabaaa.
ArlfOHA.
Arkantaa.
Orlifomla.
Colorado....
Coniwctloat
lolarare
Diat. of 'ColnaMa
llarlda
,
Oaorgla.
Idaho....
IlUnoli.
Indiana.
Iowa, ...
Zantaa..
25«,108
30.678
&»,U37
218.153
10,306
S9.761
12,188
>40,>>96
37.718
Maine
Karrland
2U,g3lt
I.W3
1.521
396
3.991
1.181
2.685
1.751*
1,02)1
1*72
378
654
246
633
2.881
1,112
2,232
2.673
1.647
2,282
7.932
632
1.576
8,070
671*
9.365
822
13.003
2.106
1,911*
U.I51
28.791
2.750
3.273
28.45«
3.670
11.154
11.738
1.103
5.033
9.691
1,606
2,795
23.225
3.613
5.449
29,362
3,387
6,993
22,126
1.539
4,976
2.817
302
79U
1,680
382
566
78?
1.361*
1,351*
922
2.198
2,262
1.139
2.C02
3.785
1.678
3.797
5.361
528
1,421
2,228
684
1,109
2,410
1,729
3,488
5,276
1,492
3,377
3.948
1,256
1,712
2,996
4o4
1.319
1.895
1.21*6
1.2U
226
7,1*8U
1.126
235
8.221
15.772
2.446
693
21.562
6.037
1.101
38.671
1,741
198
15.186
3.712
839
26,901
4,012
180
9,156
2,729
410
15.710
1.628
206
12.705
6.600
8.529
5.762
II.7W
4,405
4,8S9
1,740
9.262
10.538
6.088
11,518
6.365
5,126
1.897
3.1*65
6,338
2.932
2.299
2,51*1
itit,903
1*2,991*
1,1*73
2,1*50
1.1*35
38,586
32.271
19,707
1,350
1,286
393
1.906
3.560
2.732
52,1*93
1*4,175
Mlehlfan
10i»,768
139,269
93.732
Minnesota.
Mlailielppl.
Miiioorl
69.836
22,296
91,689
Montana.
letraaka.
VaTada. .
13,550
39.339
3.630
563
106,839
6,503
lit.
lev Tork
Vorth Carolina,
forth Dakota. .
1*72,310
1*2,263
Ohio
OklahoBa..
Orafon. . .
19l».l55
26,0>*2
1U,978
58.715
i6.qoo
79.
W2
1,150
1,123
1.0?8
5.111'*
6,221
2.881*
3.1*59
2.31*1
1.173
1)62
1,707
1,1*85
3.1*60
1*.153
l*,U8lt
8,262
5.957
2.917
630
5.833
3.223
738
4,26s
6.823
3.089
12,490
7.750
1.665
10.742
W.972
841
5.1*63
2.423
6;6
3.904
5O8
640
2.136
175
1,587
4,004
243
1.590
5.75?
878
2.274
270
1.596
84
3,086
3.31*1*
217
128
1*66
1*77
44,516
2,959
1.799
68.563
6,812
2,183
31,21*6
2,480
423
28,158
2,240
569
19,907
2,566
1.006
U.605
1.330
ll*.905
2.287
2.370
29,606
3.971
4,222
11.119
1.369
1.498
8,923
1,090
1,254
8,211
702
1,361
35,133
2,95?
3.436
12,?71
.1,486
1.570
22.398
1.155
830
1.1*35
12,245
1,276
1.085
2,U69
836
2.269
7.886
1.250
2.653
10,194
1,481
6.401
13.921
418
1,735
4,292
276
381
1,145
1,526
7.107
510
1*26
2.562
12,676
739
1,610
4,908
142
1.003
4,621
l6g
1.321*
166, ao
7.1*30
6«0
1*99
11.885
1,W*?
852
5.710
789
931
1*,669
21,311
780
2,121*
7.060
771
580
7.733
619
632
6,591
665
501
16, 680
255
1,125
2,831
1.067
2,793
213
231
1,662
9S
1.31*5
11.959'
1*2,701
1,1*70
56,253
19.552
93.192
6.032
1*6.955
1,808
Alaska
Canal Zone
Eavall
Puerto fiico
Tlrgln Islands...
Other possessions
1,316
1,825
10.522
3.982
UlS
21U
1,209
1,038
9,800
657
232
19
23
16
lU
32
2^,381
35.250
11,269
2.1*25
833
-10,868
211.359
3.319.71*7
2,913.71*7
100,677
100,277
95.867
192.847
1*98,153
Total.
3,106
779
4,827
632
161
Waahlncton
Vest Virginia..
VlaconslB
Vyomln^
AdJastBsnt to
Dally Treasui7
Stateaent
2.522
6.698
5.169
868
6.758
8.393
8,026
51.399
tJnallooated.
3.272
12,646
9.369
509
2,51*1
6.505
7.600
15. a3
I405
87.726
5.380
2,911
170
It.2l*6
6,262
18,313
14,163
1*58
57
Utah
Teraont .
Tlrflnla.
.
4,811
15,480
12,085
2.550
27,328
32.131
86,632
2,982
9,208
4,626
441
l,40l
118
397
9.91*7
2.978
9,088
5.119
1,658
6.088
426
1,1*00
13,222
39.186
117.537
2,799
lU.679
5.289
l,l4o
3.376
535
15.?92
louth MDta.
Tenneeeae.. ..
laxaa
6,886
27,034
15.328
1,460
1.823
3V
wo
1.646
1.133
672
7.077
1,1*20
17.
17,1*22
2,219
3.303
2,880
10,303
2,571
11,879
12,569
222,925
5.673
3.952
2,440
5.535
I169
29.326
3.910
2.223
3.877
1,627
6,651
12,685
1,087
251,120
30.628
21.988
2,894
1.163
1.333
397
613
3.158
116
Peone/lTanla.
Rhode Island...
South Carolina.
984
1,4117
356
1,220
158
13.593
91.275
1,31*1
4,019
4,281
2,007
658
3.108
1,1*11*
4,200
171*
77
3.?10
1.435
6,103
153
60
Uo
1*3
17
62
67
320
202
73
67
259
370
651*
2,1*71*
1,1*18
9.231
727
31*1*
1*00
742
l.Sltlt
22
27
39
1.344
317
100
Dally Treasnry Stateoente;
(1) Total salee:
fieports of gross sales.
(2) Salee I7 States:
2.161
1.709
379
2.670
'2
3.1*33
2.515
2.148
1,902
1,71*8
3.117
9.31*2
4«1
6,411
5.959
3,806
521*
1.7U
997
32,736
1.200
296
l*.970
2,337
277
37.052
13.762
2,988
3.776
1,133
1*26,182
10.990
5.564
17.
4,566
4,742
3,077
1.751
588
2,028
U.377
l*.906
1,1*06
2,011
2,152
897
1,1*1*7
3.091*
35,329
3.202
2l*,598
.
3.156
i*5U
538
75.099
77.69?
147,625
Vew Baapetalre..
lew Jereey
Hev Mexico
767
131
1.066
251*
235. 8U9
Kaaaacfanaetta.
.
781*
332
82,311
106.397
1(7,
lionlalana.
2'*,726
55.553
6U5
228
Ul.95g
7.630
236.291
lA?
38.952
20.591
Kantue^.
2U.5OI
8,368
14,651
2,105
597
813
8,026
2,801
14,094
1.063
90
9(6
259
10
177
9*3
l*.733
140
1.155
10,100
716
4li*
1,744
12,462
1*77
1.157
7.030
287
31*3
623
4.392
188
4,451
1,738
32.896
2.019
1.322
23.827
1.840
20,120
2.067
2.712
21.739
2.?99
3.430
16,591
1,834
2,781
7.142
951
939
12.528
919
970
29.852
1.952
2.063
31.252
2.113
1.822
16,352
2.503
1,000
10.381
380
1.473
3,489
as
1.044
1,1)08
747
486
3.5ltO
3.856
11,268
4,254
12,849
2,204
5.765
155
421
3.035
223
316
2.603
1.199
802
4.941
825
954
4,788
384
925
171
268
3.648
3.352
825
5.025
2.717
655
5.31*7
1.9*9
197
6,409
1.911
13.616
866
1*,473
136
2.129
649
5.169
188
93
87
71
55
675
l4o
71
91
263
382
2,744
i*.559
564
149
25
125
613
120
53.1*05
1.739
9.788
426
1^
UO
1.329
148
818
1
1,31*7
1.064
683
3.872
253
10
344
^!
134
3
20
38
19
53
8.531*
3.91*7
-670
-3.126
-2.866
194,768
176,942
153,211
31*5.376
382,790
PrellBlnary
lass than $500.
1.386
1*83
9.017
-13.382
U2
128.455
240.
....
. .
..
-
.
.
-.
m
.
hi
October 1945
Sales and Redemptions of United States Savings Bonds
(Continued)
-
Table 4.- Maturities and Redemptions of Series A-D and B Combined, Classified by States^
(In thousenda of dollars at current redemption Taluee)
19^
igUi*
Octoter
Alabama'
ArizonaArkansas-
.
Delaware
District of Colxaabia.
Florida
Georgia.
Idalu ....
Illinois.
Indiana.
Iowa
Kansas
.
.
Kentucky.
Louisiana.
Maine
5.303
1.691
2.654
l.'i81
2.611
33.3U6
2.663
31.610
2.073
5,0lt8
lt.718
lt.687
39.544
2.766
6,587
34,91?
2,894
5,880
35.329
3.033
5,063
690
C960
715
329
5,630
75lt
5.09lt
3.639
5.592
3.525
5.&17
1.003
5.004
6.474
825
3.815
5.827
U,526
928
28,883
5.008
S06
28.233
2lt,285
U.718
SU3
22.264
802
22,Ul3
6.000
1.121
33.239
16,618
7.366
3.755
13.381
5.217
II.I6U
10.756
10,252
5.12lt
lt.997
6.2ltl
3.'»85
3.067
3.525
2.998
^.265
U,136
1.563
'*.833
U.019
3.91*7
lt.l66
1.39"*
1,362
35.263
2.673
6,19s
3I1.S61
31.'t67
2,S3U
5.1%
753
872
3,9S6
3.961
Montana.
Nebraska.
Nevada.
952
2,287
8,690
513
811
12,7>+9
New Tork
North Carolina.
North I^ota..
36,762
Ohio
Oklahoma.
Oregon
28.691*
.
U,lW5
5,US3
.
1481
2.351
It.
657
10.825
29.182
It,
it.5ito
762
1.078
4.891
7.762
4.980
971
29.416
5.4o6
974
28.481
4,807
907
29,427
5.189
978
30.200
7.898
l,4o4
40.854
14.031
8.088
4.597
13.091
Ifi
12.555
5,866
4,492
12.712
6.038
4,184
13.327
5.926
4,248
18,811
8.992
4.597
4.784
4.762
1,522
4.783
4.999
1,660
4.446
4.707
1.509
4.887
4,940
1.530
7.207
6.350
4.958
5.293
11.199
29.417
5.059
11.938
25,748
11.934
28,377
5.145
11.320
30.600
6.678
13.4l4
37.242
lt,03lt
7.20lt
5.935
5.81*7
5.528
1.705
8.671
l.9n
1.825
1.7140
7.'t37
7.72lt
7.'t03
8,367
2.331
11.658
7.808
2.355
11.299
7.218
2.218
11.454
7,411
2,028
10,774
7.357
2.239
11 ,181
9.320
3.013
13.575
873
2.14%
U31
1.351
4.095
585
1.257
3.184
499
1,145
3.132
547
1,178
2.897
522
1.197
2.977
1.684
4.430
782
91*7
930
2.951
550
2.1t02
1,103
2.663
1167
I135
903
12.553
782
893
11.912
863
737
10,075
815
601
938
9.90U
14,834
1,049
959
12,859
947
980
12,909
891
927
13.973
^'•°9^
3I.8U1
It. 626
722
28.720
25,690
28.9I41
U.Uitg
14,111
3.905
597
692
697
38.195
5.491
901
999
36.9I8
4.790
965
34.785
4.645
936
1.038
40.874
6.400
1.196
26.036
U.I6U
22.1t92
3.81tO
26.
3.768
4.826
29.922
5.092
6,247
26.529
5.590
19.915
3.962
I*. 908
21.01*9
5.2Ult
5.657
4,477
5.535
26,357
4.574
5.305
6,189
37.439
6.360
8.447
23.919
1.715
2.0J7
21.337
1.656
1.981
33.525
2,478
2,800
31.284
2,100
2,328
30,889
2,2l6
2.422
30.02J
2.156
2.439
29.997
2,260
2,516
38.800
2.957
3.709
1,001
5.341
15,685
935
5.323
16,142
884
5.344
15.289
961
5.274
16,
1.243
7.774
19.458
2.312
738
S51
4.p9
72lt
769
U,si5
1U,622
11.307
lt,029
1.031
5.567
350
lU.Sos
13.845
18. 172
1.571
305
5.781
1.5ltl
l.it65
l.'t33
1.399
326
6.230
309
1.776
384
1.539
405
6,476
6,603
7.797
3.598
9.16U
7.31't
8.790
3.571
8,836
6S8
7.570
3.589
7.379
570
7.579
3.487
7.170
602
Vyoming
'<57
Alaaka
161
Canal Zone
Hawaii
Puerto Rico
Virgin Islands...
Other poflsesalons.
Unallocated.
836
4,050
5.698
5.456
13,447
27.373
828
5.050
Vflsconsin
784
4.331
5.518
3.676
9.260
21.397
956
5.717
15.1U3
Washington ....
Vest Vireinia.
829
4,300
6.289
3,816
9.500
South Dakota.
Tennessee.
Tezaa
Virginia.
49.441
3.327
8.563
2U.5141
561*
It,
2,07ll
.
36.169
2.990
6.258
23,6iio
26.883
Utah
Vermont
34.671
2.783
6,183
10,906
1.996
2.117
-
3.677
8.568
2.555
5.423
1,603
2,742
5.017
1.045
32.99't
.
't.333
luguet 2/
1.Z12
27.866
2.057
2.720
.
It,
July 2/
5.287
5.183
1.587
FennsylTeniaBhode Island.
South Carolina.
.
June 2/
4,862
1,643
2.532
7.660
1,78U
.
May 2/
5.515
Minnesota.
MisslseippiMissouri .
.
iprll 2/
1,836
2,632
25,Ulo
New Hampshire.
New Jersey.
Hew Mexico. ..
March 2/
602
l.Ultl
IO.91I*
.
February
1.597
2.108
It.
Michigan
.
'
January
U,368
1.615
2.298
U.6I4S
Karylpjid
?-^6Bacbua6tt8.
.
December
l.5't7
5»389
1.757
2.662
California.
Colorado.
Connecticut.
NoTem'ber
lit,
3.906
6.938
685
269
5.91*9
5.298
5.357
6.383
2,925
6,260
7.108
2.778
6.234
6.8a
573
1)80
1*91
2.359
6,100
1.507
6.fel
:2S
.699
991
51*2
905
ao
1.259
16,444
1.329
1.571
474
6,831
2.299
8,145
3.500
7.951
625
11.650
4.999
10.750
9.447
777
l>t7
122
127
I5U
247
ISI
230
253
255
273
2,6>IO
l,58it
2.120
3«0
13
1.453
1,826
479
1.376
24£
15
.la
1,974
30U
15
1.892
347
u
1.80?
524
34
-3.367
-U,252
6,801
-4.448
13.896
-7.008
3.779
-14.020
398.172
372.478
397.683
501.022
762
63
1*5
16
+1.872
-8,903
*9.955
375
12
237
9
16
Adjiostment to Daily Treasury
Statenent
Total.
Soi3rce:
1/
378.255
359. 9S2
3110,1423
313.812
296.517
(l) Total redes&tlonB:
Dally Treaffory Statemente;
(2) Rsdeqptions Ijy States:
Reports from Federal Eeeorre Bss):!.
It shoxild ^e noted that State figuree presented in this table are
not necessarily comparable vith sales data by States
InAsmch as
bonds which have been purchased In one State oay haTe been redeemed
In another.
Koreorer. the figures shown In this table are based on
2/
432.256
381.092
current redemption ralnes, whereaa the sales fij:ures are above at
Data on redenptlone by States are not aTailable prior
Itffue price.
to October igWv.
Includea Serlaa A bonda which here matured and vMeh hare been
retired-
U
.
•
.
Treasury Bulletin
k2
Sales and Redemptions of Treasury Savings Notes 1/
Table 1.- Summary of Sales and Redemptions, by Series
(Par Tiilu«e - In millloiu of doUars)
Radsaptlo&a and axahaiigM
Aaoont
outatandlng
71 seal year
or month
end of
fiscal year
or month
Het ebai^e
during
fiscal 7eax
Salae
Baeelrad
In paynent
of taxes
Total
or aonth
2/
Bedeeaed
for cash
Xxchan^ed
for
new series
All urlai
u.iteo.g
19't3
igiA
igus
9,582.0
10,1111.5
19ltU.iiigsat....
SapteDber.
Octotier...
10,050.
9,1M0,
8.758.5
8.953.7
7,015.8
2.086.5
559.5
lt,277.6
U,09U.1»
6,867.2
6,'t56.3
6,365.1
5,906.1
173.
,192.
llt9.6
23.1*
1,168.6
23.6
200.6
12U.8
1,270.7
29.8
UJ.3
163.3
53.7
20.6
27.0
IIU.9
502.1
550.2
28.
201. U
-9X0.5
281.7
180.7
1,081.7
1,283.8
l,lt3U.o
257.7
212.U
233.1
l,2ll*.g
183.7
129.U
1,187.7
2U7.U
175.8
1,009.2
22U.9
I2U.U
51.!*
95't.O
55.2
9,090.6
230.lt
Sovanber.
Dacanber.
10,00'i.2
91U.6
9,855.0
-150.2
19U5-Jaimary. .
February,
March
9.875.3
9,93T.7
8.955.9
-981.7
iprll
Maj
9,116.2
10,0?7.2
160.3
920.9
. . • •
10, 11*1.5
101*. 3
'W7.7
1,096.8
1,113.5
July
lueust....
lo.isu.o
10,153.3
-17.5
307.'»
ll45.'t
32U.9
116.1
288.2
97.U
36.7
29.3
33"*. 7
122.8
June. .
+20.
62.3
Series k
167.1
237.3
150.1
22.5
M.7
^
266.7
112.1
69.6
211.9
-Ml*. 6
-Us .5
15lt.6
U2.5
llU.O
136.1
36.6
8.7
18.6
5.9
109.6
102.9
-.8
-6.7
.8
6.7
.u
6.2
.3
.5
lOl.U
100.6
96.9
-1.5
-.8
-3.7
1.5
.8
3.7
1.2
3.2
.3
.3
.6
February..
March. ....
90.0
88.2
80.0
-6.9
-1.9
-8.1
6.2
1.5
7.5
.U
.6
April
May
June. .....
77.0
76.0
69.6
-3.0
-1.0
-6.U
.'uly
68.2
67.3
-l.U
-.9
I9U3
191)11
19^
19ltU-lngust....
Septenber.
October...
NoTember.
DeccoDber..
19'*5-January.
.
August....
(Contlnuad on following P*£«)
3.0
.1»
2.7
.5
5.6
1.1
.6
.7
.3
.5
.8
.3
68.3
.
.
U
7
7
..
.
.
.
October 1945
d
3
^3
Sales and Redemptions of Treasury Savings Notes ^ -(Continued)
Table 1«- Sununary of Sales and Redemptions, by Series
-
(Continued)
(Par *alTi«i - In Billions of dollara)
Badeaptlona and axehaa^a
fiscal J9T
or Bonth
laouBt
outitaudlnc
end of
flaeal year
or month
dorlac
aal**
f Ileal 7ear
Baca Ira
In pa/Bant
of taxaa
fiadaamad
for caab
17.8
2.933.3
721.2
16.2
70-6
21.5
1.6
1.2
U.3
1.1
U.l
Total
or aoatb
i/
Barlaa B
23.1
It.U
-2.195-0
-7U2.6
-17.8
19W»-ia<iut
Sapt0Bb«r,
17.9
13.6
-1.2
-^.3
12.7
12.5
10.1
-.9
-.2
.9
.2
.2
-2.lt
2.U
2-3
8.9
g.e
6.1
-1.2
-.U
-2.5
1.2
April.
May...
5.3
Joita.
1:1
-.8
-.1
-.8
July...
io^oat
4.0
3.9
-.1*
.!»
-.1
.1
October.
B6Temb«r
Dacember
IJlt^imuar?
^bruary.
.
Marcb
Sarlaa
877-1
6,l*6i*.o
7.5^.7
+2.983.8
191*5.
10,067.5
619.8
8.953.7
7.015.8
9.923.'t
30.1*
-899-6
Octobar..
KoTaabar
Ceceaber.
8.976.1*
-1*7-3
9,892.0
915.6
9.71*7-9
-iWt.l
9.776.1*
9,81*0.9
+28.5
6l*.S
-971-1
19lt5-J«miai7
.
Vabruary.
March....
8,869.8
201.
281-7
.7
.1
-7
.3
.1
35.6
5.507.9
5.853.3
1*62.0
IU8.I
22.9
22.9
1,158.1*
5^.7
29.3
>H.9
162.7
233-1
229.3
IU7.8
1,20U.2
176.6
i2r.7
1.177.8
52.6
20.1
26.3
2U3.6
I7U.6
1.002.0
221.6
123.8
22.0
50.9
91*7-6
51*
323-2
115.1
286.7
96.8
36.1*
212.1*
+922.1
+111.5
1,096.8
1,113.5
July.
10,051.8
10,082.1
-15.7
307-1*
30.3
ll*5.l»
y
171.0
1,181.
1,01*7.2
198 -T
12l*.2
257-7
1*/
1.082.7
5.969-9
6.396.1
1.265.2
16U.1
Sally Traaaury fltateaauta.
Lata than $50,000.
Thaaa notai vara orlgioally daalgnad to halp tazp^ara aat aalda
fundi vlth «blch to pay taxaa and vara teovn aa Traacury tax aarIn^ notes. Series A notes were designed for the small and moderate tazpa^r; Series B and Series C notes vere intended for the
larfa taxpayer. Vhan tbe collection of tazas through irlthholdlag
at the source coaaenced, the need for Series A tax sarins notes
disappeared and their aale vaa discontinued. Badeaptlon proTlslona
of Series A notes were relaxed to proTlda for the payment of Interest on notes thereafter redeemed for eaah (see footnote 3)- Sale
of Series C notes, which ware daalgned for tbe luTeetaent of Idla
cash resenres aa well aa for the accuanlatlon of tax reserves, vaa
continued and tbe notes were daoli^iAtad Treasury sarins notes.
Includes aatured Traaaury saTlnga notes.
Series A notes, which were sold froa August 1, 19l*l throng June 22.
through June 22, 19'>3.
191*3. yield approxlaately 1.92^ per annua,
the notes could be redeeaed for cash only at the original purehaaa
price; alnce that date, the notea bare been redeeaed for caah at
.8
228.0
166.0
9.033.9
9.956-0
10,067.5
io^it.
a-5
1,1*27.9
180.
1,081.7
1,283.8
April.
May...
Jana..
..
.9
.2
2.U
5/
6.1t61>.0
9,023.8
68.2
-7
M
.1
.8
9. '•^7.
Saptaabar.
.072.1
7"»2.6
I9U3I9IA.
19ltU-ia«aat
for
jt/
13m.
X9^.
I9U3.
Xzebansed
nav aarlai
.6
I8.3
(Saa
the tax payment ralue current at the time of presentation.
alao footnote 1.) Prior to October U, 19U3, the aaximum amount
'which could be used In payment of each claaa of tax (Incoaa. estate,
or gift) by each taxpayer taring each taxable year was Halted to
$5,000 par Talue; this limitation waa remoTed aa of that date.
Series B notes were sold from August 1, I9U1 through Septeabar 12,
The aaount which aay
V9l*2, to yield approxlaately 0.'*ij( per annua.
The notes aay be redeeaed for
be turned In on taxes Is unlimited.
caah only at the original purchase price.
Interest eccrues
Series C notes want on sale September lU, 191*2.
eaoh aODth on a gradnated scale (see "Treasury Bulletin* for Anguat
191*3. Pag* 1*) to yield approxlaately 1.07^ per annua If held to
These ootee may be used In payaent of hderal taxaa at
aaturlty.
The aaount which aay
any tlae two aonthe after the date of Issue.
Cie notes aiy be redeeaed for
be turned In on taxes Is unllalted.
caah six aoaths after the date of Isana at the tax payment value
current at the time of presentation. Prior to July 27. 19'*3.
See also footBOtloa of 30 days vaa reared for caah radaaptlon.
aeta 1.
..
U
..
a
U
2
U
u
U
u
7
U
Treasury Bulletin
iA
Sales and Redemptions of Treasury Savings Notes -(Continued)
Table 2.- Sales of Series C Notes, Classified by Denomination^
Parcanta^ dlatrlbatlon of aalaa
S«l«s In alllioM of dallari at par
Daaoalaatloa
DanoalaatloB
Tlaeal yaar
or aeath
Total
All
dMioalOAtlOBS
ThauoaaAo of dallari
tlOO
»500
7.5W.7
8.953.7
7.015.8
X9U5
19Ul*-Aa«
S«pt
281.7
180.7
1,081.7
1,283.8
BoT
Dec
19U5-Jall
257.7
212.U
233.1
Teb
Mar
10
2l»9.0
2U.2
32.8
10.
13.
201.
Oct
.2
398.5
26U.3
.6
.6
5.8
5.9
.5
3.
5.1
m
1.1
2.6
9.0
.8
1-3
8.5
.1*
.8
.7
6.1
.5
332.1
507.6
UlU.O
10
U.U
5-7
5.9
18.
3.8
100
500
20.7
21.2
33-9
lU.l
11.8
18.2
16.5
30.S
27-2
12.7
15.6
17-2
19.9
26.0
32.8
35-6
35-9
U.U
37.2
2U.U
10.5
13-1.
u.e
U.7
3-8
18.8
18.1
15.6
30.2
35-5
51-7
l6.0
8.1
26.2
30.1
10.
35-'»
15-2
21.0
22.U
30.3
35-3
18.1
11.5
33-'*
10.9
31.3
22.7
22.U
17-1
18.2
30.5
30-7
U.l
62.0
76.6
25.6
U3.9
61.2
97-5
100.0
100.0
?.9
2.1
31.1
59.3
9.U
215.3
333-8
3
\%: 8
67.2
263.9
172.0
100.0
100.0
100.0
2.8
3-1
5-2
5.2
%0*.9
77.8
75.U
73.9
U1.2
17.6
2U.2
67.5
63-9
82.5
100.0
100.0
100.0
3-3
£2.0
123-5
73-8
126.1
121.
127-6
2U9.0
100.0
100.0
100.0
1.9
3-5
3-8
6.k
100.0
100.0
1:1
U
.8
u.u
1.U3.5
5.6
'K.3
11.8
99.2
71.3
307.H
IHS.H
.6
.2
1.2
• 5
10.7
U-7
16.3
7.2
Sonrca:
100.0
100.0
100.0
1.916.9
1.808.0
1.597.5
5
3«.U
36.U
.\
August.
827.
»500
1I8.U
2.2
2.2
July
1,12U.U
1.259.3
Thooaanda of dollar*
$100
12.U
10.0
8.9
1(07.7
.
2.535.7
3.O86.9
2.378.5
1,000
500
100
U.6
3.7
lOk.O
1,096.8
.
1,>I88.0
be!;
•toy
7.7
38.
1.388.6
1.858.5
10.
^r
Jane.
Total
all
daaoalnation*
387-2
371-9
26.5
A
U.l(
&I
(1) Total aalaa:
Saiif Treaauiy Statements; (2) Dlatrl^tlon
daaomlnAtionai
aalaa reported to the Traasoxy.
21(9
U:
S::5
1.000
25.U
20.2
22.8
30.
3U.6
5-2
2U.2
31.3
18.8
^
denominations, of Series A and B tax sarlngs
lufonnatloB on aalei,
notes may l)e found In the "Treasury Bulletin" for July 19U3, page l(o.
liy
Table 3.- Sales of Series C Notes, Classified by Type of Purchaser
Pareanta^ distribution of sales
Sales In aillloaa of dollars at par
Type af parohaaer
Irpt of pnrehasar
riaoal year
or month
Total
7,5^.7
XndlTl teals,
partoarahlpa,
and fldoolarlaa
Total
CoxporatloBo
100.0
100.0
100.0
ladlTldnals,
partnerships,
aad fidoalarias
Cozpo rations
8.1
91-9
u
92.
611.3
65U.9
U3U.7
6. 935-1
8,298.7
6,581.3
281.7
8.9
15.8
192-5
265.9
100.0
100.0
U.U
5.6
95.6
9U.U
October.
HoTonber.
Deces^ar.
180.7
1,081.7
1,283.8
9-8
53-5
77-1
170.9
1,028.2
1,206.7
100.0
100.0
100.0
6.0
9U.6
95-1
gU.o
19l*5-JannaX7.
fohruary.
257.7
212.U
18.8
19-1
18.2
238.9
193.3
ai.9
100.0
100.0
7-3
9.0
7.8
92-7
91.0
92.2
107-7
1,096.8
1.113-5
3U.7
65.8
100.0
100.0
100.0
8.5
62.1*
373-0
1.031.0
1.051.1
6.0
5-6
91-5
9U.0
9U.U
307.1*
23.0
1U.7
28U.U
130.7
100.0
100.0
7-5
10.1
92.5
89-9
\U:
8.953.7
7.015.8
19*5-
19¥t-in«uat
Septamhar.
March
ipril.
May...
Jima..
July...
cei
1/
201.1*
233.1
Itadljr Treasury Statenents; (2) Dlstrlbatlon hy
(1) Total sales:
type of porchaaert
sales reported to the Treasury.
Information on sales, hy type of purchaser, of Series A anA B tax
'
wo.o
93-8
saTlaee notes may he found in the "Treasuiy Bulletin' for July 19U3.
pa«e U7.
..
.
.
U
.
2
^5
October 1945
Sales of United States Savings Stamps^
Table 1«- Summary of Sales and Redemptions
(In.
^
thoasands of dellart)
^ronstace dlttrltetion
inotrnt
oatatandlng
and of
flical 7*ar
or aonth
fiscal 7*»r
oT Bonth
BadaaptlOBS
Vet ohan^
during
flaaal 7*ar
or aoath
of rodsKptlona
Irrhmf d
fcdusi^ttd for
Salea
Oub
Onlttd Statu
Total
arlac*
«ot«l
2/
tends 2/
July
\9^\
19"*!
:}
1«.3'»1
l't7.57'»
I»74,l68
352.632
231,593
D.I3O
268,411
slA,6U7
lias, 762
287,331
55,738
100.0
100.0
100.0
100.0
100.0
828
23.138
18,898
36,112
18,070
27.996
1U.175
8,116
3.896
100.0
100.0
6.91*5
2U,679
17.73^
13,816
n.?
22.1
23,9116
".558
ll*,929
21,163
20,221
16,618
100.0
100.0
80.
91*2
3.917
3.628
3,602
uo.o
5.388
19.6
17.8
3.603
100.0
100.0
100.0
81.9
80.3
78.8
79.0
82.7
82.5
17.3
17.5
rr.8
70.3
22.2
29.7
19U5
19l44-ii;«a*t
167. tes
-12,97'»
Septeober.
168,253
October.
KoTembor.
December.
175.199
180.587
181,529
1108,930
.2/
y
18,1*68
70,1*80 5/
182,692
186,710
189, l«9
l,l6lt
a.oEs
U,018
2.699
20,731
19.921*
16, 711*
16,321
13,M21
28,251*
25.^5
20,ll|0
—060
-2,lA6
-8.699
2U,7l|8
25,lal*
20,079
26,1J2
19,069
28,578
27.767
23.631*
J^e..
188, 7U3
186,297
177.598
22,910
U,857
100.0
100.0
100.0
July...
August.
155,91>*
169, 6U5
-a, 685
l6,iio6
-6.268
17.686
38.091
23.955
29,653
I6.8U1
8.1*38
7. Ill*
100.0
100.0
Iprll.
Kay...
Source:
1/
2/
I^ly Treasury Stateoents conencliie loranber
1, 19l*2; prior
U/
thereto, Post Offloe I^epartment
Stamps scld prior to October ''., 191*2 vare known as postal saTlngs
Btaa?>s and were obllgatlonfl of the Postal SaTlngs SystcD but subsequently became public debt obligations.
latlnated on the basis of sac^lei wU» by the Feet Offleo Depart-
5/
sJ
ant.
2J
2/
308,621
«*5.fe05/6/
-16,832
-18,920
February
March
Ouh
ucrlaco
'boodi 2/
590,268 6/
+161, oiw
213.350
196,518
177.598
19l;5- January.
for
IMtod StaUa
12.61*/
12.9 5/
17.2
82.8
80.6
19. >»
22.5
21.6
"•?
78.U
82.2
18.1
19.7
a.
a.o
Includes nlnor amounts iriilch ware exchanged for postal saTlngs certificates. These ageragatad $123 tbooaand for the period ingnst 1,
191*1 through June 30, 191*2 and (55 thousand for the pariod July 1.
191*2 through October 31, 191*2.
See footnote 1.
Hat of sales less rede^tlons.
Doee not Include anounts transferred from Postal Seringa Systflei to
the Treasury to coTer outstendlng steals.
Details not arallable for Kay. Jane, and July 1941.
Table 2.- Sales, Classified by Denoainatlon
Percentile distribution of aalea
Seles in thoasends of dollars
fiscal yeer
or month
Total
ell
denomi natlone
Xkenoal nation
10^
25^
i9ita.
308,6a
67,1*66
19U3.
590,268
126,327
167.709
313.691
1914I*.
lio8,930
268,1*11
102.531*
209,
68.727
i35.2rr
23.138
18,898
3.600
3.909
12,1)05
679
6,636
6,928
5.586
12.516
Wits19>t>S-ingnst....
Septanber.
October.
BoTsaber.
December.
19U5-JaBnaiy.
February.
March
iprU.
Kay...
June.
July...
inguet.
Source:
21*,
23.9*16
a, 163
a. 088
la
9.990
tl.OO
»5.00
31.583
71.693
13.250
52.508
6u
1*6,972
32,583
2,293
1,658
2,'563
1,892
1,813
1,IU2
50^
28. 61 1*
32.
20,91*2
6,328
5.857
8,059
10,601*
28.251*
T"*
26.132
19,069
6.966
7.236
3.891
12,226
12.975
9.S32
1,878
l6.lio6
2,5a
8. 809
17.686
2,1*79
9,32^
1.591
1,768
20.731
21*.
10,155
13.981
l.'»35
1,1*63
2,017
Dally Tre&sorj Stateoenta coBDeocin^ Soroobar 1,
(l) Total aalea:
19U2; prior tharato Poet Office Separtaant; (2) DlstrUutlon bjr
danoainationa: Baaed i^on Poet Office Department data.
lotel
ell
dennnrt net Ions
DHioalnatlon
10^
25^
a.9
5i».3
a.i*
25.1
25.6
53-1
17.691
10,882
100.0
100.0
100.0
100.0
1,182
779
100.0
100.0
2,786
2,761
81)8
2,1169
1,054
100.0
100.0
100.0
26,o!i8
50.4
1.3
4.1
15.6
20.7
53.6
52.8
9.9
8.8
15.8
13.6
IX
26.9
28.9
50.7
II8.I*
11.3
11.5
'•^
3.6
26.^
50.3
u.S
5.0
£.8
10.0
2.9
7.1
7.2
u.o
>».7
11.3
3-5
U.l
3-7
3.8
5.0
16.2
16.9
2B.2
27.7
20.1*
51.6
7.6
7.5
8.7
15.'»
53.7
52.7
9.7
10.0
2.755
2,981
2,720
924
961
100.0
100.0
100.0
2.659
2.99^
825
1.121
100.0
100.0
»5.oo
10.2
12.2
11.5
12.1
30.0
28.2
2B.5
6I8
H.oo
9.3
8.9
84)
7.8
100.0
100.0
100.0
2,103
2,288
3.301
ni
50^
Ik.O
%!o
"19.5
ll9.lt
19.6
11.4
14.3
4^6
OWNERSHIP
OF
GOVERNMENT
Treasury Bulletin
SECURITIES
.
October 1945
>^7
Summary Distribution by Classes of Holders of Interest-Bearing Securities Issued
by United States Government and Guaranteed by United States
(In BillloQa of dallAra)
Saeurltio*
ImuM
by Onltod State« OoTanmont
Sacnrltlai ga&rant««d bj United Statta 1/
Olatrltatlon 1^ el&aaaa of holdara
Dtatrlbatlon by olaaaaa of holdara
S, OoTanuiant
acanolaa and
tnut ftiada and
'adaral Baaarra
n.
0.
Sad of flieal
7«ar or Bonth
total
aaooat
outatandia^
3.
Saaem
troat fonda
Saaka
1.959
3.251
62.376
19U1.
l«.3gT
8.225
19>t2.
n.96«
10.3'tO
19^3.
135.380
199.5^3
256.357
1U,091
18.920
2^,93*
208,289
207,850
19W.
I9't5.
19>tU-ln«.
S«pt.
Oct..
BOT.
.
Dm..
19U^aa.
l»,U66
5.605
6.8O3
PuMle
Poblle
Spacial arkatBarkatabla laauaa
abla
latoea
laauaa
nofr-
626
1,558
2,676
3,770
5,775
1.332
1.693
1.791
1.835
2,028
2.1*30
2.526
2,564
2.551
2.1*58
Total
pabllo
ltsa«t
28.601
30,023
Pabllo
arktft-
AtU
Pabllc
Public
DarkatnonBazkatabla
abla
laanaa
laaaaa
Pabllc
nonmATketabl*
lanaa
27,JltO
1,261
1,188
1.556
2.151
3.166
4,718
4.665
31.730
33,115
28,835
27,989
29.579
29.950
37,982
58,988
Il4,l4l
165.725
13.'*28
'',55'*
6.360
4r,481
84,948
120,880
13.507
4,^9
209.1
1.630
155.1121
56.209
29,5^*5
'»,853
5.'»50
5.498
faWlo
arkat-
PaUlo
aMa
arkatatl*
laanaa
laaaaa
377
363
525
4.541
286
286
5.19*
5.212
l*.302
'*.528
20,079
20.575
>t,608
u
IS.itfii
15.976
172.407
170.625
124.803
123.483
47.604
47,142
1.480
1,187
1.187
284
10
15.803
16.651
1.1*75
4,588
208,608
ao,T7'»
228,891
20,78lt
21.185
21.672
U,605
U.592
5.337
10
10
10
16,170
16.583
16,326
17.645
18,386
18,844
170.17?
171.204
188.375
122.759
122.205
137,468
47,420
48,998
50,907
1,480
1,470
1,470
1.189
1.189
1.190
287
277
275
230.672
5.256
5.2U5
5.281
l6,68S
17.130
17.567
19.004
19.669
1S9.'<93
138,002
137.695
137.675
51.712
52.329
51.817
1.191
19.1*39
189.713
190,024
1,1*96
16
16
1,11U
1,119
780
781
300
328
332
17.923
18.592
18,812
20.1*55
189.>*28
136,981*
191.004
209,630
136,503
782
783
153.4a
52.444
5U.501
56,209
1.132
20.954
21.792
19.558
20,033
21,717
22,530
212,407
212,077 P
.286
57.1a
484
515
232,026
21.955
22.391
22.86U
ipp..
May..
Jima.
233.063
235.761
256.357
24.93'*
JiOy.
259.781
260, 71*6
*
2/
7
10
17
231.85't
p
PrlTata
liiraators
S.IOU
2.U52
3.213
U.623
4.169
Nar.
Somxa:
Total
aBonnt
nnaaturad
ottt-
1936.
1937.
193«.
1939.
19*0.
39.M6
Prlrat*
InTaatora
ataadlac
fatal
Pnblle
poblle and arkatapaoial
atla
laaxwa
laanaa
32.989
35.800
36.576
Ndaral
SoTOrmBaat
a^aolaa and
23.180
23.8OU
5.657
6.139 P
1
3
u
5.2llO
16
5.195
6,105
16
17
6,077
6,077 p
29p
22
6,120
7.885
10,871
2.180
2.640
l'»,287
14,899
21.792
18,812
7.11*9
(1) Total ajocanta ontatandln^
Sally Trsaaury Statementai
(2) SectiTltles hold ^7 U. S. Ooramment agenclea and troat fonda;
roporta of the aeenclea and acconcta vitb the rreaaoiy; (3} Sacurltlea bald by Tedaral Heaerra Banket
Taderal Eeserre SyatCD.
Prallslnaiy.
Leas than $500,000.
1/
2/
>.727 P
4,092
1.516
57.350 p
275
287
170
4
6
1.151
409
6
6p
115
176
6,085
4,262
3.738
1,186
28
28
29
68
150
375
289
3U3
362
375
p|
450
479
Sxclodaa natured aacurltlaa. and obll^atlona held by the Traasoxy.
The total aaoont of secorltleB held by private Inraetora la calco^
lated by dadoctln^ froo the total amoont of aaoorltlea ootatandln^.
the aecorltlea held by U. S. OoTemment agenclaa and truat fonda
aad by federal Eaaarre Saaka.
1^8
Treasury Bulletin
EBtlmated Ownership of Interest-Bearing Securities Issued or Guaranteed
by the United States Government
(Par Tmln«8 l/ - In MXllon* of dollaxa)
October 1945
49
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, July 31, 1945
Section
I
-
Securities Issued or Guaranteed by the United States Government
The tables In Section I present summary data as of July 3I, 19'''5 trom the
Treasury Survey of Ownership of Securities
Issued or Ouaranteed by the United States.
The banits and Insurance companies covered
In the survey account for approximately 95
Table 1.- Suimiary:
(In
Cla»lflo*tiou
percent of the amount of such securities
owned by all banks and Insurance companies
In the United States.
Section II presents summary data on
the ownership of Federal land bank bonds.
All Interest-Bearing Securities
mlUlone of dsllars)
E
t
Treasury Bulletin
50
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, July 31, 1945 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government - (Continued)
Table 2.- Public Marketable Interest-Bearing Securities
PART A
-
AUALYSIS OF OWNERSHIP BY TYPES OF SEOUHITY, BY CALL
AMD BY TAX STATU6-( Continued)
-
(Continued)
OLAflflES
Held by laraitor* coTared In Traaaury Surray
Banka 1/
Total
amount
outstanding
ClAcslf Icatloa
•toek
banka 2/
t)aaki
3.5
21.5
20.7
58-9
5i*.3
9.3
5tl
7.397
coomercial
12.
1«.!
.
All U. 3.
OoTernaaot
Percentage distribution
^fpae of flacurtty:
Socurltlas laBUod by United Statea
TraoBUry blllo
Certificates of IndebtedneeeTreasuiy notes
Treasozy bonds
Postal saTlngs and other bonds.
Guaranteed by United Statee )+/
iDtoranca co^pantai
316
life
Brataal
InvursLnca
V
coBpanlat
653 flr«.
caaualty,
and marlns
Insurance
coiqianlfla
a^ucias and
truat funds.
and fsderal
SaiarTa
Sank!
clasaes of aecnrltlee
8.U
1.0
9.6
82.0
2.1
2.8
95.0
1.2
2.2
96.5
8.6
7.6
83.7
•
.1
U6.1
22.1
6.3
25.lt
.1
.1
Total
100.0
Call classes:
Sua or first becoming callable
Within 1 year
to 5 years
3 to 10 years
10 to 15 years
15 to 20 years
Orer 20 years
Various (Federal Houalng Adjnlnlstration
1
36.0
16.3
22.8
10.5
10.5
lU.O
32.0
20.5
13-9
7.S
9.1
1.7
6.7
31.2
27.2
21.5
11.7
25-3
74.7
2.0
98.0
6.7
36.5
27.2
31.0
2.5
3.6
7.1
17.6
9.9
39.8
22.0
6.U
93.6
5.6
15.2
8.7
13.3
17.6
3U.2
18.8
11.7
2li.l(
debentures)
Total
Tax status! 5/
Wholly exempt from Federal Income taxes.
Partially exempt from Federal Income taxes.
Subject to Federal Income taxes
.
.1
12.1
87.8
17.9
82.1
Total.
Percentage distribution by grot^s of InTestore
2.6
97.
66.1
7>t.l4
Held ^7
all other
l&Taators
2/
51
October 1945
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agrencies, July 31,1946 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 2.- Public Marketable Interest-Bearing Securities
PARI 3
-
iBsua
^
la ahonn In parenthesea)
Taluae - In mllllona of dollar.)
(Continued)
(Continued)
DISTRIBUTION OF OWKK.HSHIP FOR EACH ISSUE OUTSTANDING
(PflO-
(Tax BtatUR
-
-
Treasury Bulletin
52
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, July 31, 1945 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 2.- Public Marketable Interest-Bearing Securities
PARI B
-
laeue
^
le shovn in parentheeei)
(Continued)
(Continued!
DISTRIBUTION OF OWNERSHIP FOR EACH ISSUE 0UT3TANDIN0-C Continued)
(far Taluae - in milliona of dollars)
(Tax etatue
-
-
October 1945
53
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, July 31, 1945, - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
(Continued)
-
Table 3.- Public Non-Marketable Interest-Bearing Securities
(Far Taluas 1/ - In mlllloiM of dollari)
Held by Investors covered In Treasury Surrey
Banks
Issoa
Total
amount
outstanding
(Tax status 2/ Is shown In paranthases)
Unltod St at as savings bonds 1/
Series X-D
7,397
commercial
banks k/
^
AU
Insurance eo]Q>anlae
5UI
3"
stock
savings
316
life
mutual
savings
banks
banks
InsuraiLce
coo^anles
653 fire,
casualty,
end marine
Insurance
companies
U.
S.
Oovemment
Held by
agencies and
all other
Investors
trust funds,
and Federal
Be serve
Banks
3.579
29.791
187
11
2.6'*7
187
3U
219
11*
10.1t92
196
1A2
1*6,508
825
198
26U
(taxable)
(taxable)
10,119
516
'*73
»»3
Onaranteed securities Jj
Conunodlty Credit Corporation demand obligations
(tajable)
U50
215
235
57.593
1.576
6/
(taxable)
(taxable)
(taxable)
Series I
Series T
Series 3
Total United States savll^s bonds
Treasiuy tax and savli^e notes
Seposltary bonds
Total pnbllc non-marketable securities.
•
1/
2/
-
82
9.629
99
165
1*5.203
13
10,026
17
Lose than $500,000.
IMlted States sarlogs bonds. Serlee Ar>D, £. and 7 are shovn at curThey »fere reported at maturity value by the
rent redanption Taluee.
banke and insurance cos^anles covered in the Treasury Surrey but have
been adjuated to current radaoptlon valuee for use in this statement.
Federal aecuxlties fall Into three broad groups with respect to Imposition of Federal Incoine taxes on income derived therefroa.
"Wholly" tai-exanpt securities are ewmpt from both the normal and
surtai rates.
•Partially* tar-eienqjt securities are exempt froo
the normal rates eicept that in the case of partially tax-exempt
Treasury and savings bonds, interest derived from $5,000 of prin-
Section II
7
3.375
29.790
20
137
199
V
4/
^
6/
JJ
281
103
177
21
55i507
cipal amount owned by any one holder is elao exaii^)t from the surtax rates.
"Taxable" sscurltiee are subject to both normal and
surtax ratee.
Securities held in trust departments are excluded.
Includes trust companies.
This column includes securities held by those banks and insursACe
con^anies which are not covered in the Treasury Survey. See headnote to this section.
Series A^D savings bonds sold prior to March 1, 19^1 are partially
tax-exonpt; those sold on and after that date are taxableGuaranteed securities bald by the Treasury are not included.
Interest-Bearing Securities Issued by Federal Agencies
But not Guaranteed by the United States^
Treasury Bulletin
5it
PRICES
AND
YIELDS
OF
GOVERNMENT
SECURITIES
(Including securities issued by Federal agencies)
October 1945
55
Over-the-Counter Closing Quotatione on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
August 31,1945
Table I.- Securities Issued or Guaranteed by the United States Govemmpnt
PARI A - TAXABLE BONDS, NOTES, AND CERTIFICATES
imoust
outstanding
(Mllllons)
1/
a
•
Treasury Bulletin
56
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
August 31, 1M5 - (Continued)
Table I.- Securities Issued or Guaranteed by the United States Government!/- (Continued)
FAHT
Price data
(Price decimalB are
thlrty-seconde)
JUaoont
QUt-
In
(mll-
TAX-EXEMPT BONDS
Price range
slAce firet traded 2/
(Price decimals are
thirty- seconds)
Tleld data 2/
Change
Description
Btft nrtlng
C -
mean
from
July 31
I9U5
Change
in
yield
earliest
from
call
July 51
Yield
Yield
to
matu-
to
it/
Date
of
iseue
rity
High
Ugh
low
Price
Ibte
Price
9/16/35
12/15/37
3/15/26
110.12
12/12/1)0
109.21*
116. ll»
12/ll*/l*0
6/15/31*
6/15/31
112.28
113.19
12/llt/l)0
99-27
100.18
89.18
97-28
83.05
10/16/22
12/15/38
3/16/36
3/15/38
12/8/39
122.22
107.20
111.18
111.01
107.00
12/ll)/U0 98.18
12/12/1*0 99.11*
12/12/1*0
99.10
12/12/1)0 100.30
12/12/1)0 101.10
10/8/23
115.01*
12/12/1)0 101.07
12/10/1)0
96.19
12/15/31*
108.01
107.07
Date
y
price range
(Price decimals are
thirty-seconds)
191*5
Price
Lav
Price
IKte
101 22 1/23
102.00 1/23
103.30 2/7
10 3.
2/13
103.27 2/8
100.02
100.18
101. 21*
101.30
102.00
8/31
8/31
8/31
8/31
8/29
109.28 2/26
IOU.05 2/26
107.16
102.28
8/31
8/31
8/31
8/31
8/31
Date
191*5
Issued hy n.
S.
OoTemoent
Treasury bonds
$1,21 *
9/15/1*5-1*7 8/
12/15/1*5
a9 >l/8*
759
701
1.223
U-l/U*
2*
I151
2-1/2^
2*
571
1*91
1.786
1,186
1.627
755
2-3/l*iS
•
.
10/15/1*7-52
100.01
100.17
101.23
101.29
102.00
100.02
100.19
101.25
101.31
102.02
100.02
100.18
107.15
102.27
107.17
102.29
107.16
102.28
101.21*
101.30
102.01
.07
.65*
.06
.1*8
.10
.07
.07
.1*1*
•50
•51
.215
.00
.01
.02
.02
.12
•15
.13
.12
.07
1.81
1.70
1.65
1.82
12/15/3^
12/15/36
9/15/38
6/15/36
9/15/31
.08
.08
.07
.01
.00
1.39
12/22/39
101*.
25
101*. 27
105.00
103.26
105.02
103.28
105.01
103.27
12/15/1*9-52
12/15/1*9-53
108. 31
108. 30
.99
106.06
106.30
108. 30
1.02
1.08
1.15
1.15
106.21*
.15
.12
2-1/2*
9/15/50-52
2-3/i*!t.
6/15/51-51*
J*
9/15/51-55
UO.23
106.07
106.31
108.31
110.25
12/15/51-53
6/1
/15/53-55
106.22
106.02
108.01
113.05
112.26
106.23
106.03
108.02
113.06
112.27
.20
l.ll*
106. OU
108. 03
113-07
112.28
.a
.21
1.18
1.28
.05
1.U8
113.10
llU.ll
113.12
IIU.I3
113.11
llU.12
.02
.09
100.27
103.15
1J2.2S
100.29
103.19
133-28
100.28
103.17
133.12
-.10
.29
.15
-:2
•32
.75
.11
.01
3-ly«*)t.
2-1/1**
9
•
,
2-7/8*
a-3/t^'
2-3/1**
a-3/'**
•
•
5/15/51^-56
3/15/55-60
9/15/56-59
6/15/58-63
12/15/60-65 2/
3.07
.13
•19
.18
3/15/1*8-51
9/15/1*8
12/15/1*8-50
110.21*
.1*8*
3.55
2.28
2.56
.67
.73
.82
.82
.81
10l*.26
108.29
106.05
106.29
108. 29
.
>1/8J
2-1/2*
725
681
2,611
919
1.U85
6/l5/lt6-!is
6/15/I46-1.9
12/15/U7
•
1.U8
982
^
3/15/U6-56
U89
1.036
.73
1.83
.82
1.25
1.1*6
10/7/1*0
7/22/1)0
3/15/35
9/15/36
.00
.01
108.28
108.30
110.26
113.21*
108. 31
llU.08
U3.I9
12/lU/UO
lg;'10/l)0
11/12/1*1
12/30/1*0
99.15
98.16
82.08
9/17/35
g/31/!t5
1/12/32
9/17/3'*
1/11/32
l*/2/38
5/2l*/*10
8/25
8/23
108.01 3/10
107.07 U/19
108. 31 7/17
IIU.O8 3/8
113.19 7/3
106.20
105.26
107.25
112.
112.0U
8/23
1/2
1/2
8/22
1/2
111* .05
6/19
115.15 6/19
112.01*
112.16
1/2
1/2
.„„ I 102.16 1/13
^5*1 10U.29 1/13
6/18/21 11133.21* 5/8
100.28
103.17
133.00
8/31
8/31
5/9
9/25/39
Vl/37
1/11/32
5/2U/I10
6/1/11
131*. 00
6/19/U5
""•Xl
99
1935
75-00
9/5/1*1*
75-00
110.16
107.23
105.01
103.27
108.29
106.03
106.22
108.22
110.20
2/15/1*1
6/19/1)5
106.
1/31
106.15 1/23
lOlt.26 2/10
10l*.26
3/9
3/8
3/8
3/8
112.00 3/15
Vs/37
U/I9/U5 101.19
7/17/1*5 102.02
3/8/D5 98.30
98.10
7/3/1*5
IIU.05
115.15
a
ll*
3/10/1*5 101.08
6/15/38
12/15/38
.
7/Zk/MO
Km
9/25/39
9/25/39
108.21*
110.21*
8/23
8/23
8/23
other bonds 10/
- 1/1/U6
3* Conversion - 1/1/1*7
Canal6/I/61
3* Panama
3* ConTersion
I^
2J
hJ
IxcliidaB Federal Bousing Admlniatratlon debantures.
Vhan the price of a secnrity is such at to reexilt In a nagatlTe
yield, the excess of price oTer lero yield is ^ren In the yield
columns in thirty-seconds.
Prices represent the mean of cloeing bid and ask quotations in the
OTer-the-^oomter market except that prices of Treasury bonds for
the period prior to October 1, 1939f represent cloeing prices on
the Nev Toric Stock Exchange.
"When Issxied' prices are Included beginning October 1. 1933. Dates of hlghe and lows, in case of recurrence, are the latest dAtes.
Market conTention treats the yield to earliest call date as more
2/
6/
2/
SJ
^
10/
significant when an Issue le selling abore par; the yield to matu^
rlty as aiore significant when an iseue is selling at or belov par.
Included In the arerage of long-term taxable Treasury bonds (see
page 59 )
(^ted on a yield basis.
Hot quoted on August Jl; quoted on a price basis at par beginning
August 22. 19U5.
Called on May lU for redonptlon on September 15, 19**5This is the only bond eligible to remain in the average of longterm partially tai-axanpt Treasury bonds (see page 59)Excludes postal savings bonds.
October 1945
57
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
August 31, 1945 - (Continued)
Table II.- Securities Issued by Federal Agencies but not Guaranteed by the United States
Amount
outstanding
(Millions)
Treasury Bulletin
58
YIELDS
OF TREASURY SECURITIES AUG.
Based on
46
PERCEI
2.60
46
50
•52
Mean
•54
31.
1945
of Closin<J Bid and Asked Quotations
•56
•58
•60
'62
54
66
68
70
•72
..
.
.
.
..
59
October 1945
Average Yields of Long-Term Treasury and Corporate Bonds
(Percent par
HighPartially
Taxable
grade
teo^oxoDpt
Treasory
Treasury
corporate
bonds 1/
"bonds 2/
bonds 1/
Sate
Partially
Hlgjitax-ezempt Taxable
grade
Treasury Treaflfuxy corporate
bonds 1/
bonds 1/
bonds 2/
Monthly series
1937-Xaii
2.56
7eb
Mar
J^ma.
.
Sq>t .
.
^
2.81
2.79
2.77
191*3- Jan..
2.U
Feb..
Mar..
2.11
2.12
Apr..
May..
June.
2.26
2.71*
2.87
2.93
Apr..
Hay..
June.
2.05
1.96
1.91
2.1*8
z'.io
July.
Aug..
Sept.
2.30
2.31
2.25
2^85
2.80
2.71
July.
Aug.
Sept.
1.91
1.92
1.90
2.1*5
2.1*6
Oct..
Sot.
Oct..
Hot..
Dec..
1.90
2.1*8
1.91*
2.>(8
1.95
2.1(9
1.95
1.93
1-91
2.1(9
19110-JaIl..
2.51*
3.2lt
2.66
3.36
Tet..
Mar..
.
2.83
2.80
2.81
3.U3
3.36
3-31
. •
2.78
2.78
2.82
Jtay
ia«
Treaetiry
bonds 1/
Dec
2.82
2.78
2-73
3-17
Dec.
2.21
2.09
2.01
2.70
2.65
2.59
1938- Jan
Feb
Mar
2.G9
2.68
2.67
3-17
3-15
3.16
igUl-Jao..
Feh..
Max..
2.12
2.22
2.12
2-57
2.71
2.73
J^r
2.66
2.56
2.58
3-25
3.1U
3.15
Jpr..
May..
J^e.
2.07
2.0U
2.01
2.76
2.75
2.7D
Apr..
May..
June.
2.58
2.57
2.63
3.12
3.10
3.12
July.
Aug..
Sept.
1.98
2.01
2.02
2.66
2.65
July.
Aug..
Se^t.
1.
2.55
2.56
2.56
3.06
3.0U
3.02
Oct..
1.98
1.95
2.06
2.311
2.61
2.57
2.68
Oct..
Dm
1939-Jan
2.5U
2.96
2.90
2.87
19te-Jan..
7ai..
Mar..
2.10
2.17
2.10
2.148
2.1t3
2.76
2.80
2.80
2.38
2.27
2.22
2.92
2.86
2.78
Apr..
May..
June.
2.1
2.07
2.06
2.1
2.OU
Sept
2.23
2.27
2.67
2.76
2.79
3-29
July.
Aug..
Sept.
Oot
2.60
3-1't
Hot
2.ll6
Dec
2.35
2.93
2.86
Oct..
Hot..
Dec..
Oct
Sot
M^
Jmie.
. .
Jul7.
.
.
ille
Sept ....
Oct
Sot
.
T»t
Kar
tpl
May
Jime.
.
.
July.
.
.
AQg
HlgbTaxable
grade
Treasozy
Corporate
bonds 1/ bonds
2/
2.30
2.32
2.26
3.09
ipr
Kay
Partially
tax-exempt
IfcT.
Dec.
2.6!t
2.3't
2.47
2.1(8
2.1t6
2.l4lt
2.45
2.1*3
2.75
2.0U
2.06
2.08
2.U6
2.7l(
2.1t7
2.1(6
2.73
2.73
2.09
2.10
2.13
2.1(5
2.72
2.71
2.72
2.1(7
2.U9
igMll-Jan.
Teb..
Mar..
2.1*6
2.1*6
2.1(8
2.1(«
2.1*5
2.1*8
3.
10.
17.
Zk.
31.
1.71
1.69
1.70
1.70
1.71
2.1*0
2.1(0
2.1*1
1.68
1.69
1.68
1.68
2.39
12.
1926.
2.38
2.38
2.51*
2.
1.68
2.1*9
9.
1.61*
2.37
2.36
1.62
1.62
1.62
2.55
2.55
2-55
2.jk
2.33
2.51*
2.1*9
16.
2330.
2.52
2.51
2.50
19l(5-May
2.1*9
2. to
7.
1321.
28.
1.69
1.67
1.68
1.68
2.39
2.38
2.1*0
2.39
2.1(0
2.51
2.53
2.60
2.61
2.63
2.65
2.65
2.6ll
I.9U
I.9U
2.1(8
1.91
2.1(9
2.61
2.58
2.58
2.1(9
1*9
2.59
2.57
2.55
1.
1*8
1.
.1*7
1,
1.
.1*8
IToT.
,1*8
2.55
2.61 h/
Dec.
1.87
.1*8
2.59
19l*5-Jan..
1.81
1.75
1.70
.1*U
Feb..
Mar..
:g
2.58
2.56
2.51
Apr..
Hay..
June.
1.68
1.68
1.63
2.39
2.39
2.35
2.3l»
July.
Aug.
19l*5-July
7.
lU.
21.
28.
2.51*
2-53
2.58
2.57
2.59
2.1(8
i!6e
2.36
1.62
1.62
2.3U
2.1*9
June
ipr.
5-
2.68
2.65
2.63
2.1(9
Weakly eerles - Saturday figures 5/
igUS-ltor.
2.70
2.68
2.70
Aug.
1*.
11.
18.
25-
1.66
1.68
1.69
1.69
2.1*9
2!5U
m
60
Z
o
m
iij
a:
o
0.
q:
o
o
>a:
ID
^
Ld
a: (n
UJ
3
U.
o
(O
o
_l
UJ
>
UJ
o
<
q:
UJ
Treasury Bulletin
October 1945
61
CORPORATIONS AND CERTAIN OTHER AGENCIES
OF THE UNITED STATES GOVERNMENT
.
Treasury Bulletin
62
Section
I - Income and Expense of Corporations and Certain Other Agencies of the
United States Government » for the Fiscal Year E^ded June 30, 1945
Table
1,
-
Summary
(In thoueands of dollare)
Corporations
Certain
other
a^nolee
Operating Inoome and expenae
Operating Income
Interest on loans
Interest or dividends on InTestments.
Ooaranty and Inamrance premluffls
Sales of commodities or serricee
Bents and royalties
Other Interest and rental Income
Premiums, fees, and assessments
Program operations Income
261,925
.
.
MiscellaneoTLS
Total operating Income
Operating erpense
Interest on borrowed funds
Ooaranty and insurance losses
Cost of sales
Oeneral overhead expense
Depreciation and obsolescence
^o^am operations erpense
Maintenance and operation of properties.
Miscellaneous
Total operating expense
Net operating Incooe (or loss l/)
Non-Operating inoonie (or lose 1/)
Direct grants, subsidies, and oanbrl^tlons
Loans receivable charged off
(Jain (or loss l/) on acquired security or collateral
Oain (or lose l/) on sale of iDlBcellaneou.e assets
Miscellaneous assets charged off (net)
Ml scellaneouB
Bet non-operating Income (or loss l/)
Net income (or loss l/) before adjustment of valuation reserves-
Adjustment of valuation reservBB
Beserve for losses on loans
fieserve for losses on acquired security or collateral
Other reserree
Het adjustment of valuation reserves
Het Income (or loss 1/ )
AnalyelB of unreserved earned surplus (or deficit )
Unreserved earned surplus {or deficit 2/), June 30, 19U4.
Het Income (or loss 1/) for fiscal year I9U5
Surplus adjustments
Unreserved earned surplus (or deficit 2/), June 30. 19^-
October 1945
63
Section I - Income and Expense of Corporations and Certain Other Agencies of the
United States Government, for the Fiscal Year Ended June 30, 1945 - (Continued)
Table 2.
-
Corpora t Ions ^^
(la ttionaubdt of dollar*)
I>epartBettt of
SracntlTS Ottiot of the Prvsllant
i^rlenlture
(contliraed on follovlne pa^e)
Tans Credit JUboinietratlon
(cxtntluuad on follovlnc pace)
Offlea for ^•rgtaey Manaceneiit
Comodity
Total
Offie*
of Interiaerloan
Iffalra
2/
Credit
Coxperation
Adnlnl at rat Ion
XzportImporX
Bask of
Vaehlngton
Other
Banke for
ooopara-
tine
i/
federal
Intermediate
credit
Tedoral
land
banke
taidci
y
••.525
50,612
859
u.oa
Operating Inooma and expense
Operating Income
Interest on loans
Interest or dlTldende on InTestmentt.
Guaranty and Insurance preml<3ais
Sales of commodities or serrlces
Rents and royalties..
Other Interest and rental Income
Premiums, fees, and assessments
PrograjD operations income
Hlscellaneons
Total operating Income
228.825
51.165
91.838
7.8U9
7, 52'*
,581,198
11.217
697.737
33"*
999
8,183
172.803
25,168
3t7
5.176.331
3U7
2.335
20
8.523
1.153
81
700,1(77
11.337
"».756
5.390
5'».812
17.325
621
2,765
28.UUlt
8.290
3.791
i.au
1.505
10,687
171.593
768
5.51'»
't.36U,77U
661,886
Oeneral OTerbead expense
Depreciation and obsolescence
Program operat Ions e^^ense
108,801
9.021
938.136
Total operating esqjense
Net operating income (or loss 6/}.
179
2,126
Operating expense
Interest on borrowed funds
guaranty and insurance losses
Cost of sales
Maintenance and operation of propertiesMiscellaneous
3.318
1.337
768
291
1
8,066
•
16,016
757.67U5/
2. '(06
It.
1172
10
81
5.599.970
768
292
691, '»85
787.079
l,8l|£
•t.SSl
39,131
-'tg3.639
-llSl
8.231
8.991
-775.7't2
2.910
1.039
15.681
-866.1)119
-16,301
-623
-13
Kon-operatlng Income (or Iobb 6/)
Direct grants, subsidies, and contributions
Loans recelTable charged off
Gain (or loss 6/) on acquired security or
collateral
Oain (or loss 6/) on sale of miscellaneous asseta
Miscellaneous assets charged off (net)
Miscellaneous
Hot non-operating income (or lost 6/)
-U1I6
-8.558
-1U,936
-75
-67
12,2a
-3.1UU
-5.329
-722
68
90
-883.77't
-16,302
1.307.U13
-16.723
10
-128
953
l,9'«
-1,169
177
595
1.827
17.507
*13
-3.501
-623
5. '•90
-776.365
2,898
1.631*
1.055
332
27
Net Income (or loss 6/) before adjustment of
Taluatlon reserves
8,229
Adjustment of yaluatlon reserves
BeserTe for losses on loansT
ReserTe for losses on acquired security or
collateral
Other reserves
-3't6.2l6
-1U1,872
a. 230
Bet adjustment of Taluatlon reserres
-329.273
-lUl.872
22.285
-75M80I/
Bet Incoae (or loss 6/).
-7
16.950
311.
1.795
5?
lU
395
Ui
2.109
3.293
1.67"»
19.616
1.636,686
-16.723
8.229
-136.38I
.l,56o,l«2
-1,636.686
-8.399
-37.W6
a. "36
8.229
-5.220
-136. 381
-7.756
56.9a
23.771
3.293
-250
1:r7^
70
-756
57.959
19.616
-6,018
119
2l».l(lt6
-176,lt75
-1.297.81t5
26,glU
22.U2U
71.557
Analysis of unreserved earned surplus (or
deficit )"
Unreserved earned eurplua (or deficit §/),
June 30, 19UI*
Bet income (or lose 6/) for fiscal year I9U5
Surplua adjustment e
Unreserved earned suxplaa (or deficit 8/),
June 30 I9U5
,
~
1/
-16.723
-3.205.5672/
-51*.
Lass than $500.
Consists of corporations in which the Itolted States OoranuBent has
a proprietary Interest, direct or indirect, except Vederal savings
and loon aasociationa and those corporations in which the proprietary Interest of the Iblted States is evidenced only by preferred
2/
-32.338
-600,685
-75'<.0801/i
stock or capital notes acquired throo^ the Reconstruction Tlnance
Corporation or production credit corporations.
Consists of Institute of Inter-Aaarlcan Affairs. Institute of intariaerlean Tranaportation. Inter-Aokerlcan Xducatlonal foundation. Inc.
Inter-ioerloan Bavlgation Corporation, and Prendnradlo. Inc.
(Contimsd oa following page)
Treasury Bulletin
6k
Section I - Income and Expense of Corporations and Certain Other Agencies of the
United States Government, for the Fiscal Year Ended June 30, 1945 - (Continued)
Table 2, - Corporations^
-
(In thonaandc of dollars)
^
kj
Consists of Petroleum Beservee Corporation, Hu'blier Development Corporation, and n. S. Commercial Company.
Includes actlvltlee of the Federal Land Banko of Sprin^leld, Louisville, Hooiaton. St. Louis, and Spokane, which have retired the capital stock and paid-in surplus previously held by the United States
(Continued)
65
October 1945
Section I - IncoM and Expense of Corporations and Certain Other Agencies of the
United States Government, for the Fiscal Year Ended June 30, 1045 - (Contlnnedl
Table 2,
-
Corporations^
-
(Ib tbAu«aaA« of dollari)
(Ccotlnnedt
.
•
.
Treasury Bulletin
66
Section I - Income and Expense of Corporations and Certain Other Agencies of the
United States Government, for the Fiscal Year Ended June 30, 1945 - (Continued)
Table 2.
-
Corporations-^
-
(Continued)
(In thonavidB of dollarB)
Hatlonal Bouain^ Ag«nc7
Fedaral Homa Loan Bank Administration
T^daral
radaral
hoae
loan
baaJca
Sarins
and Loan
Insoranca
Corporation
,
1,728
3.1*t2
3.5H9
5»ogi
Corpora-
tion
ii/
"9,136
1,120
Sales of commoditiee or serrlces
Rents and royalties
Other Interest and rental Income
938
PremiumB, fees, and asseesmente
Program operations Income
Miscellaneous
7
Total operating Income
U.872
Operating expense
Interest on borrowed funds
Guaranty and Insurance losses
,
8.637
51,195
lU.512
665
111
Cost of sales
Ganeral overhead expense
Depreciation and obsoleecenca
Program operations expense
862
Maintenance and operation of properties.
Miscellaneous
Total operating expense
Net operating income (or loss 6/)
•33
7,012
78
956
26
2.017
570
ag.558
2.855
8,067
28.637
Non-operating Inoome (or lose 6/)
Direct grants. Bubsldles. and contributions....
Loans receivable charged off
Gain (or lose 6/) on acquired security or
collateral
-38
-15.203
Oain (or loss 6/) on eale of mlBcellaneoue aaseti
Miscellaneous aaseta charged off (net)
Miecellaneous
1.U93
lU
1.171
Net non-operating Income (or loae 6/]
1.U92
55
-1U,069
i*.3»*7
8,123
l42
Net Income (or loss 6/) before adjustment of
valuation reserves
lit,
Adjufltment of valuation reserves
Reserve for losses on loane
Reserve for losses on acquired security or
collateral
Other reserves
87
Net adjustment of valuation reeerves
87
13
'
U.3U7
Net income (or loaa 6/)
^alysls of unreserved earned surplus
8,209
(or
deficit)
Unreserved earned surplus (or deficit 8/).
June 30 19UU
Net Income (or loss 6/) for fiscal year 19**5Surplus adjustments
Unreserved earned surplus (or deficit S/),
June 30. 191*5
.
7,06U
»*.3»*7
-3.35»
g-053
lU/
8.209
-8,209
mi
Panana
fiallroad
Unltad
States
Housing
Corporation
Home
Owners'
Loan
Operating Inoome and expense
Operating income
Interest on loans
Interest or dividends on Investments.
Guaranty and Insurance premiums
Federal Pul)llc Housing
luthorlty and affiliate
567
federal
Public
Bousing
Authority
15/
Defense
Homes
Corporation
Company
Tennessee
Talley
Associated
Cooperatlres.
Inc.
Tennessee
Talley
Authority
October 1945
67
I - Income and Expense of Corporations and Certain Other Agencies of the
United States Government, for the Fiscal Year Ended June 30, 1945 - (Continued)
Section
Table 3.
-
Certain Other Agencies
(In th*«s«ndt of dollars)
Treasury Bulletin
68
Section II
-
Sources and Application of Funds of Ckirporatlons and Certain Other Agencies of the
United States Xjovernment , for the Fiscal Year E^[ided June 30, 1945
Table 1.- Summary of Corporations and Certain Other Agencies
(In tbotuandB of dollars)
Total
1/
Souroea of funds
•
Borrowings:
Prom U. S. TreasujTFrom GoTenment -agenclee
Prom public
15.UlO,9U7
7.312.707
1,270,002
Total 'borrovlnge
Genital and enrplue eabBcriptionet
By U. S. Treasury
By Oovernment ageucleB
By public
Total coital and eurplus Bubecrlptlona
Approprlat lone
^
Sale or collection of Inveetmante:
Public debt obligations of United States
Securities of OoTemment agencies
Other securities
Total sale or collection of Investments
Eepayment e on loans
Sale of acquired security or collateral
Decrease in voriclng capital and deferred items U/.
!*undB provided by profit on operations 5/ 6/
Other sources
Total
Amds
provided*
Application of funds
'
Repayment of horrowlngsi
To U. S. Treasury
To Oovernment agenc ies
To public.
•
Total rapaynent of borrovinge....
Repayment of paid-in cc^ital:
To n. S. Treasury..
To Government agencies
To publ Ic
Total repayment of paid-in capital
Purchase of investments:
Public debt obligations of Iblted States
Securities of Government agencies
Other eecurltlsB
••••
Total purchase of InveBtmentB
•.*•
••••
Loans made.
•
AcqulEitlon and ioprovement of acquired security or collateral.
Acquisition and Improvement of land, structures, and equipment*
Increase in working capital and deferred items
TondB epplied to loss on operations
Other 'e^plicat lone
^
Total ftinds applied
Adjuetnenta of net IncoTne (or loes)
Net income (or lose 2/)
Depreciation and obsolescence
Assets charged off
Cepltal gains 2/ ^^^ loeses
Adjustments of valuation reserves
Other adjustment s
IVmds provided by profit on operations.
Fonds applied to loss on operations. ...
CorporatloiiB
C«rtaln
other
•C«nclee
y
.
October 1945
Section
69
Sources and Application of Funds of Corporations and Certain Other Agencies of the
United States Government, for the Fiscal Year Ended June 30, 1945 - (Continued)
11
Table 2.- Corporations
(Isthoundiof
Ji
dslluri)
OvpartDent of icrlcnltore
ZnoatlT* Office of the Pnsldant
(cotttlmi*d on follovlag paga)
Jtjn Cradlt Adxil&latr&tlon
(contliroad on folXovlBC p«g«)
Offlc* for bdrgoncT- Mesafoment
Office
of Interiserlean
AffalTi
2/
lbr«l^;n BeoBomlo
Conmdlty
Adml&litratlon
Credit
Cozporatlon
tlree
federal
Internedlate
credit
l|22,61l5
83.3*0
Ul,270
1)00
3.999.6115
12lt.6lO
256.765
3.500
256,765
9.1I01
Ziport-
CO op era-
Othmr
Buk
of
BaBlca for
3/
Washlatrtott
Sources of funds
Borrowliics:
From U, S. Tre«nr7 .....
IVoa OoTement a^enclee.
iS.ino.gUTS/
7.18«.S89
1,260, 1«6
1.013,756
Troll pTibl lo
Total ^orrovlngs.
23,860.063
1,013.756
Capital and aurplua ubecrlptlona;
By U. S. TreasuzT
By OoTernmant agenoleB
By public
310,765
15,025
Total capital and eorplna eubacrlptlona.
ipproprlatlooa 6/
3.577.000
11,025
19,'«6l
91
3'g.551
U,ll6
5.901
3C.552
Sale or collection of Inveetmente:
Public debt obligations of United States.
Securities of OoTsrmsent agencies
other eecuTlt les
Total sale or collection of Investments.
Repayment s on loans
Sale of acquired security or collateral
Decrease in vorklnf capital and deferred Items 8/
rands proTidod by profit on operations 2/ 10/....
Other sources
Total fundi proTi&ad
7.'1«7
354.91U
109, 9U
25.037
1, lift. 254
32.525
1H,U52J/
9,629,1111
723.'>79
69,057
1,1811,7968/
285,27110/
205. t38
36,75^,093
77.620
7.299
8,026
18, 5116
2,925
lUlt,2^11/
?6
't9,'t77
1. 235.61411
9.103
5,087,2ll9
Jlpplioatlon of funds
Repayment of borrowings
To U. S. Treasury
To OoTemjsant aeenoies.
To publlo
t
2,886,000
l't,13'*.5055/
Total repayment of borrovlage.
Bepi^mant of paid-in coital:
To t7. S. Treasuiy
To OoTenuaent agencies
lo public.
6,718,'Hl
2,596,501
965,816
23,Mt9,Ul8
965,816
676.638
3,562.638
121,(62
2J1
22,222
Total repayment of paid-in capital.
Purchase of InTeatmente:
Public debt obllgatlone of United States.
Securities of OoTorumant sgenciee
Other securities
Total purchase of InTestments.
llth,315
796,006
10,293
28,612
834,911
Loans made
Acquisition and iiproTsaiant of aoquired seci^
rlty or collateral
Icqulsltlon and ijiiproTeaent of land, structures and equipment
Increase in vor^dne capital and deferred itsins.
?ands ^jplied to loss on operations
Other applications
,
^
Total funde applied
9,220,621
ll«
752,660
33.6821/
22,l<69
•185
•
1.658
16,688
10.575
36.75^,093
U,5i<6
'*9.'*77
1.235.6l4lt
5,087.2119
-1,636,686
22,698
8,031
233
-16,723
8.229
1
-136.3a
-75U,OKi
727.670
509,198
1,702, "1212/
IU3.069
1.922
1>»7.175
5,220
771,951
120,73011 /
Ad.lustments of net Inoone (or loss)
Vet income (or loss 12/).
Dspreciation and obsolescence
JlBssta charged off
Capital gains 13/ and losses
ld>istmenti of Tal nation reserree.
Other adjustment s
funds proTlded by profit on operations.
Funds flqjplled to loss on operations....
1
-22,285
-38,1)20
226,99't
70
285,271
l,702.l*a
16,6«8
-206
388,108
52
98.257
-IO.79U
8,026
l'>7.175
771,951
lU;
1260
redaral
land
basin
y
70
Treasury Bulletin
Section II - Sources and Application of Funds of Corporations and Certain Other Agencies of the
United States Government, for the Fiscal Year Ended June 30, 1945 - (Continued)
Table 2.- Corporations!/- (Continued)
(IntboaaaBdJ of dollar*}
71
October 1945
- Sources and Application of Funds of Corporations and Certain Other Agencies of the
United States Government, for the Fiscal Year Ended June 30, 1945 - (Continued)
Section
II
Table 2.- Corporations
li-
(Continued)
(IntlioUMBda of dAllart)
OspartBent
of Var
Vvderal Loan Afvocj
Baconitroetlon rinuLC* Ootporatlon and oertaln afflliataa
StatM
Prodaetlon
r«d«ral
Dtpotlt
Insurance
Corporation
OonoratloB
Baoon-
tmotlon
rinanae
Corporation
16/
Sourooa of funds
Borrovlneai
Trom U.
Troin
S.
Treaaury
10,588,9»*7
QoTemnent acaoolei.
TroB public
10,588.9^7
Total borrovlQei
Capital and niplna Bobacrlptlona:
By U. 8. Traaaary
Sy OoTan»«nt acanciaa
By p^llo
Total capital and aorplna aabaorlptlona.
J^roprlatlona 6/
Sal* or coll*ctlon of InTattmenti:
Pnbllo de^t o1>lleatloiit of tbltad States.
Saoirltlefl of GoTeimant aeanelaa
Othar iscarltlei
158.739
729
2,000
55.^
Total sal* or collection of inreatnanta.
Rapaynant • on loam
Sal e of aO(ialred aecorlty or collateral
Decreaae In woridng capital and deferred Items 8/
Panda ppoTlded "bj profit on operatlona 2/ 10/ *
Othar coxirees
•
158.739
58.225
10,618
6.352.1*80
17.751*
lU,35^
lb » 827
101, 50U
69,795
305,Uii2
17,08U.032
231
Total ftmda proTldad.
Application of funde
RspaTnent of borrovlii^:
To v. S. Treaavoy
10. 161,
To OoTsmnaut a^aiiclea
To public
157
10,161. 61tU
Total repfl^ment of horrovln^s.
RepaTBent of paid-in oapltal-i
To IT. 8 Treaeory
To OoTeraaent agenclea
To public
.
Total rapayvent of paid-in capital.
Purchase of InTestaentai
Public daht ohllestlona of United Stataa.
Sacurltlee of OoTanment a^esielea
Othar aetnxrltles
299.000
Total pnrchaaa of inreatmente.
Loana made
iequlsltlon and IxproTSBent of acqolrad seeurrlty or collateral
leqfolsltlon and inproreaent of land, struoturea. and equipment
Increase In vDikln£ capital and deferred itaii
Fonda iquplled to lose on operations 2/
Othar qpplieatlona
Total ftmda ifipllad
299.000
2,366
U,076
10
10
AdJuBtmentB of net inoome (or loag)
Bet iDCome
(orleaa^/)
-10
Depreciation and obaoTeacance
JLaset
charged off
Cfl{)ltal gaina 1^ and leasee
IdJnatBanta of raluatlon reaerrea
Othar adjaatnsnt •
funds proTldsd by profit on operations.
ftmda ifjpliad to loas on operatlona...
U^
10
Dlaaatar
Loan
Corporation
7«d«ral
National
Nortgaff*
Asaoelatlon
The RFC
Hortgac*
Coiif)aji7
Othar
11/
tealler
War
Plant!
Corporation
.
Treasury Bulletin
72
Section II - Sources and Application of Funds of Corporations and Certain Other Agencies of the
United States Government, for the Fiscal Year E^ded June 30, 1©45 - (Continued)
Table 2.- Corporations!/- (Continued)
(Inthonaaadt of dollars)
Hstlonal Honaln^
A^aey
ftAtral Horn* Loan Bank Malnlttratlon
T«dsral
SftTlo^
and loan
Inturanca
Corporation
loan
bank!
Homa
Ovnart'
Loan
Corporation
Souroea of funds
BorrowijifB:
75U,ooo
From U. S. Traaatuy
from OoTem&ont aeenciOB.
Trom public
72.500
Total borrowings.
72.500
Genital and soiplus anbaeriptloaai
By U. S. Troaaury.
By QoTeriment agfiDclas
By public
75U,ooo
8,S62
Total capital and aorplus subBcrlptlons.
g,86g
ipproprlatlone 6/
Sale or collection of InTestmentBi
Pobllc debt obligations of United States.
Sacurlties of CoTemBant agencies
Other eecurltles
289.658
i.6ao
50
20.296
Total sale or oollaetlon of IttrestBaats.
289.708
1,620
20.296
272.8fi0
Rapayaents on loans
Sale of acquired security or collateral
Decrease In vorklng capital and deferred itcns S/
i^inds provided by profit on operations 2/ 10/'
Other sources
229.559
1.002
29.2»H
2,909
17.586
51.155
8,123
30,1)06
Total ftinds proTided.
632.780
10,71+5
1.1U6.305
Applloatlon of funds
fiepaynent of horrovlngs:
To U. S. Treasury
To OoTernment aganoiee
To public
80,500
Total repayment of borrovlDge.
80,500
Bepayme&t of paid-in cepital;
To II. S Treasoiy
To OoTernsant aganclas
To public
-
231
«95
Total repayment of paid-in cc^ital.
1,126
Purchase of iuTestments:
Public debt obligations of Iftilted States.
Securities of OoTertunent agancles
Other secorltios
Total pnrchaae of InTeatnonta.
Loans made
i£qulsltlon and IsproTonent of ac<iulred seci>rity or collateral
Acquisition and In^roTement of land, strufitures. and equipment
Increase in vorldng oe^ltal and deferred IteiDS
Funds applied to loss on operations 2/
Other applioatlons
232, 9U8
Total funds Applied
632,780
2.1U7
Adjustmenta of net income (or lose)
Net Ineeae (or lesa 12/ )
Depreciation and oheoleecesice
-
Assets charged off
Capital gains 1^ and losses
Adjustments of Taluatlon reserres
Other adjustment s
Funds provided by profit on operationsFunds applied to loss on operations. .
U.3U7
-I.H93
2.909
-
fodaral. Pu1>llc Hontlnc
Authority and affiliate
Taderal
Pabllc
Eou>lo£
Unltad
Statai
Bousing
Corporation
Jkuthorlty
16J
18/
Eafeni*
Honai
Corpora^
tlon
Paaaaa
Railroad
Cooipaajr
Tonnaiiee
Tallty
Aasoclatad Tannat taa
Coo par aTallo7
tlTet,
iuthorlt/
Inc.
.
-
October 1945
73
- Sources and Application of Funds of Corporations and Certain Other
Agencies of the
United States Government, for the Fiscal Year E^ded June 30, 1945 - (Continued)
Section. II
Table 3.- Certain Other Agencies
(In thoueands of dollars)
Ixecutlva
Office of the DepartmflBit of i^loilture
President
Office for
ftiergenc7
Total
KanagsoaQt
1/
Var
Shlpplog
Admlnlet rat ion
Hat tonal
Booalnc
i^anox
Sep artr«4ara
oast
Sural
Vortca
of th*
n.«otrlIntarlor
Security fi cat
Adffliai»Ion
5/
i/
t rat Ion Adnlols- idminiatratioa tratlon
2/
Parm
Credit
r*a«ral
Houalne
Alolnlatratioa
Sources of funds
Borrovlnge:
From Oovernsent a^encleB.
From public
Total borrovlnge
12U.018
9.576
86,275
33.200
5,553
9.576
133.591*
86.275
33.200
15, 119
160,771*
11.162
Capital and eurplu* subscrlptionB:
By U. S. Treasury
ApproprlatlonB
5.505.69U
2.'
Sale or collection of InTeetnentB:
Public debt obllgatfona of United States.
Securities of Oovernaent a^ncles
Other aectirltles
Total sale or collection of inTeetmente.
RepaymentB on loans
Sale of acquired aecurlty or collateral
Decrease In working capital and deferred Items 2/
funds provided by profit on operations 10/ 11/
Other sources
Total funds provided.
3.676.352
-5,U9U
153
120,555
6.793
6,793
l'*.l3'».505 8/
g.073
1
l't.l'«3.371
6,795
212, U28
27.926
578
31.531
10G.0&6 2/
162.26011/
157
10,720
1.180
2.589
66
1
50.985
571*
61*.
310
1*00
l''g.513
20,U37,U36
127,311
3.676.352
19.730
2,000
16,691
5
1
25.567
555.936
55.153
1.325
160,765
15,890
160.765
15.890
92.678
39.936
1.05«
288
38
129
158
165,018
Application of funds
Sapajnuent of borrowlnga:
To SoTernfflent agencies
To publl c
175.753
-
3.61*0
Total repaTment of borrovlnge.
BapeyTBent of paid-in capital:
To *J. S Treasury
179.393
9.651
.
Purchase of InveBtments:
Public debt obligations of United States.
Securities of OoTernoent a^ncles
Other scCTirltles
Total purchase of InTestments
Loans made
Acquisition and ImproTement of acquired security or collateral
Acquisition and Icproveaent of land, structures. and equlpoent
Increase In vorklng capital and deferred IteoB.
Funds applied to loss on operations 10/
Other appllcatlone
Total funds applied
27.790
15.586.9'»7 8/
3
15,6lU.7ltl
178,568
17.511
33. Si*
2.081.606
U36.190
2U
2.761
2,556
8,166
1.858.326
372.226
1,1*5,800
6
8.025
10,219
181,652
3.676.352
25.567
1155.936
55,153
1,325
16t,018
-1,381.73713/ -1, '•1*5,800
5.7U7
•25.271
-1
88
-323
35
-687
-92.555
1.5lt;
35**,
326
2075377536
59.866
m
92
AflJUBfente of net Income (or loss)
Ket Income (or loss 1 g/ )
Depreciation and obsolescence
Assets charged off
Capital gains lU/ and losses
Adjustments of valuation reserves
Other adjustments
;
funds provided ty profit on operation*.
lUnds applied to loss on operations....
lOU
1.525
3.263
2.896
-13.205
968
-3
-5.313
162,260
Moo
1.5'*9,'»13
1.1*1*5,800
6.830
29,875
513
2.550
9.325
3.190
10.219
_155
288
129
92.555
lOiS
Treasury Bulletin
7*^
INTERNAL
REVENUE
STATISTICS
.
..
.
October 1945
75
Summary of Internal Revenue Collections
^
(In thoas«ndi of dollars)
n«cal year
or aontb
Total
raeelptt
froa internal reTanoe
(Daily
Traasxiry
Ineoae tad profit i taxee
Adjuttmont
to Dally
Traatnry
Stateaent
Total
Internal
rerenaa
eollactione
Total
Income
and
profits
taxes
Statesant)
IndlTldual
2/
iRployaent taxes
Corporation
Incoae and
excess
profits
y
Mlscellaneoae
profits
taxes
y
Social Security
taxes
Total
Old-ece
Insurance
nent
taxes
5/
1936
1937
1938
1939
19U0
3.512.85?
18. 5a
''.597.1'tO
-37.168
30,1170
-1.133
-19.637
5.67U.3I8
5.161,231
5.303. 13>»
3.'49'4.33l
I4.63l1.308
X. 1427.
67li.Ul6
1,091,7141
14146
2,179.828
2.629.030
1.286,312
738.521
1.056.909
1.299.932
lU,509
31.178
5.162,3614
2.I85.III4
1.028,8314
1.122.5111
5.322.771
2.129.609
982,017
1.120.582
27.010
833.521
3,l471,12'4
2.016.297
37.172
56.621
925.856
1,185,362
687.328
895.336
7.361.675
12,993.118
lO.lUl
7.351.5314
-36.797
13.029.915
g.006,88l4
19113
igitU
22.1't3.969
-22'». 755
I»l,6sli,9g7
I.565.H77
19'*5
1*3,902,002
+101, 66U
22. 368. 7214
140. 119. 510
'•3.800,338
16.298,888
33.027.802
35.061.526
1,U17,655
3.262,800
6.629.932
18.261,005
I9.03U.313
15.883.235
2, 702,1*86
-'*7,863
2,750,3''9
1,712.'402
1.3140,1416
366,022
September*
5.7't8.985
+691, 7'«
5,057.236
'4,1489,671
1.356.371
3,108,'46'4
Octolier..
i,g80,i»76
2, "487, 738
"•78,507
2,300,370
1,809,766
1,633.189
1.322.758
Norember.
Cecemter.
-607,262
-95,871
I,2l4l4,287
U,9l»5,Ug7
679,875
3.669.6112
327.870
3,Oi«,i*77
-631,287
-170,735
3.673.76I4
3,02l4,l6l4
3.985.292
5,617.781
3. 157. 95"
'i.995.87'4
,617,322
,726,523
,821,017
3,031,133
3.273,895
2, '407,
14,6141,1118
2,1406,326
••,025.296
1,760,877
1,989,318
1.208.613
637,651
'W7,123
2.795.700
3,l58.p2
2,2l41,90T
-
1,587,872
1.569.985
6l46,l4U3
3,0ll4,68l4
7.592
3'*1.598
''.751
igUii-lnguet
19lt5-J«iiuw7.
.
Tebruary.
M»rch
3.8l'*.557
6, '431,321
iprll
HlW
Jtme
2.7't5,867
5.38't.393
-285,266
-352,957
7143, 2lt5
July
2,526,623
2,gl«,
'5,726
-631,609
-165.959
2.920.937
2,396,2110
'4,265,612
+813,5140
751
-6.334
1.916.:
u, 6*7.1462
ent
1/
lie
207.339
502.918
529.836
605.350
X9'H
19l«
Unesployaent Insarance 6/
I18
265,7145
7142.660
1^2.786
33.7140
5,6l43.8U8
Railroad
retlre-
e^loy-
7140,1429
58.119
90.267
101,167
106,123
100,658
119.617
156,008
183,137
US6.489
137.871
8.966
677
35, "«0
5.688
7,991
877
2.937
35.528
33.000
1.502
16,577
287
1149. "476
109. "127
122.0l<8
170,1109
gl4,2l41
1,1498,705
1.131.5116
137. "452
l'43.97S
1.738.372
1.779.177
1.290.025
1.307.931
5,9611
214,835
261.058
38.508
216, 672
13'4,095
2'43,026
125,1470
382,066
8,501
6.836
3.31't.922
26,8ll9
36.981
3,1014
5,026
6.065
102,795
71.268
30,02l»
"•25.366
317, '•12
1914,263
3,161,712
13,1'45
61.571
5.789
106.572
3.362
9,22l4
106,510
296,726
mU.oso
99.916
"4.931
^%'
10.330
1.129
38,l461t
125,1471
27'»,151
117.656
230,282
5.093
8.791
2.722
35,078
9.5814,715
629, 31414
1*4.
I401.8I7
9,885
20,983
3,353
199.507
211.151
265,011
2814.758
3U,U78
52, "•19
1,663
30,082
Klecellaneoue lateraal reTenua
Tlecal year
or aonth
Total
iicellaneoue
internal
revenue
Capital
•took
tax
Estate and
gift taxes
1936.
1937.
1938.
1939.
2,0014,513
9U,9"»3
2,188,735
2,272,158
2,236,821
137.1*99
378,8140
305.5'48
139. 3"^
1416.8714
19W.
2.359.6141
127.203
132.739
360,715
360,071
igui.
2.95'4.553
19'42.
3,837,670
S.571.131
5.353.336
6.959.63U
371.999
776.889
529.058
193.9I8
29,170
5'*3.S77
18.61^0
520,025
558,989
36U
311
5'46,806
(-21)
2U7
409
19I4V
19I1I1.
19U5.
19ltU->\iCuat
September.
October.
Borember.
December.
19'45-Jan»aT7.
February.
March
509,926
560,337
Alcoholic
boTerage
Tobacco
taxes
505.2U3
593.831
567.669
587.605
62U,o6U
500,785
551.923
567.777
819,869
1,0118,165
Stamp
taxes
379. 5M0
U49.8514
579. 78U
"•6,233
141,083
608.073
38,681
I4I47.O88
l'*8,925
697. 712
39.057
206.831
1,1*23,1180
780.792
923.857
1,618, Ol*5
2,309.86>»
988.1483
932.1'*5
141.702
"•5.155
50. 800
617.373
852,069
670,015
728,696
1,206,616
62.670
35.310
201, 91U
86,022
77,507
5.591
38,520
31.707
196.on
203,75"'
77,521
81,180
5.3"*5
5.1'42
"49.690
201,U6l
70,6014
\S»
•9.295
37."A5
89.153
206,1*08
78,U50
19"4.59'4
66,oi47
5.7I8
5.893
170.878
73,621
5.5I46
166.653
281.900
328. 795
380. 702
182,761
65.528
"4, "4148
I109
75,U73
171.062
(-67)
6^4,298
I8O.16I4
571.832
261
61,807
190,852
67,625
83,025
93.230
5,1435
570,gl42
July...
August.
790, S5H
82I4.199
10l4.92ll
"•9.32^
68,601
198.335
198,621
83.658
208,936
108.1472
2/
2/
J4/
(l) Total receipt! froa Internal rsnmia:
Dally Treasury Statssents;
(2) Detailed collections by type of tax:
Keports of collections nade
by collectors of internal rsTenue.
txcludee collections for credit tc certsln trust accounts for territories and ineular possessions, etc.
Includes collection of taxes withheld by esployers pursuant to the
Rerenue Act of I9U2 and tha Current Tax Payment Act of 191*3.
Includee Income tax collections on Alaskan railroads. The excess
profits tax Inclnded In this column is that iaposed under the
Second BeTenue Act of 19'40, as aaecded.
Consists of the declared Talus excess profits tax, ths profit lialt-
76.173
80,l6l
117,502
1*00,501
732,332
1,075,1401
l.'*30,U2g
139,09'»
9'^.656
95.259
113.119
102,617
5W
112,1»88
U6.579
90,376
89,755
116,530
115,9146
1014,199
115.099
96.517
116,192
103,697
121,2116
5.870
120.73?
228,001*
5. "•79
102,3214
131.767
5.983
6.300
62.323
11*3,51*0
87,679
8U,763
119.
Acrioaltnral
adjuataent
taxes
5/
U16.75U
396.891
516,871
1/
Misoellaneoos
taxes
68,990
69.919
April.
May...
Jane..
Source:
Hanufaotursrs' and
rstallers'
excise
taxee
100,350
115,686
Ing proTlslens of the Tlnson Act, and the tax on unjust enrich-
ent.
2/ Bepresents collections under the Federal Insurance Contributions
§/
j/
0/
Act coaaenclQg September 1939; prior thereto, collections ondsr
Title nil of the Social Security Act.
Bepresents collections under the Federal Uneaployaent Tax Act
coamenclng September 1939: prior thereto, collections under
Title II of the Social Sscurity Act.
Repreeents collections under the Carriers Taxing Act of 1937>
Includee tax collections under the Sugar Act of 1937 and under
the dirideode tax imposed by the Act of June I6, 1933.
Treasury Bulletin
76
COLLECTIONS OF INTERNAL REVENUE
1931
DOLLARS
32
'33
34
35
36
'37
36
39
40
'41
42
43
44
45
46
October 1945
77
Detailed Analysis of Internal Revenue CoIIecti
,1/
(In tboosAuda of dollars)
fiacal yeara
rirat 2 Bontha
TTpe of tax
Tiaoal
19ltU
Iscome aBd profit* taxss:
IndlTldual:
Withheld bjr ae^loyore:
Current Tax Payment let of I9U3 a/
EeTsnue tct of 19H2
19't5
^
Total IndATldnal InooBO tajsa
Corporatloat
Income taxeti
Current
Baok
^
XiBOes profits taxae (Second Hevsmie iat of 1$^,
as anended)
Total corporation taxes
Mlscallaneons profits tazssi
Declared Tains
71nson let
Unjust enrlstameat
Total mlecellaneons profits taxes
Total income and profits taxas
Bailroad retiremant 8/
Total
ei^loyment taxes
Miseal 1 aniwna internal rvrenoei
Capital stock tax
Istate tax
Gift tax
ilcohclie hararaee taxaai
UatiUed spirlte (l:q>orted. enias)
Diatilled epirita (doaeatic, ezclae)
Diatilled spirits rectification tax
Wlnea. cordiala, etc. Ci^wrted, exDiae)
Wines, cordials, etc. (domestle. exslee)
Brand7 used for fortifying eveet vines (repealed
as of July 1, 19I40)
Sealers in distilled spirits; rectifiers; maaafaoturers of stills (special taxes)
Starts for distilled spirits intendjBd for export..
Case stait>s for distilled spirits bottled in bond.
Container steins
Tloor taxes
Tsrmsoited malt liquors
Brevere; dealers in malt liqnors (speoial taxes}..
.
-
Total aleohDlic bercre^e taxes
Tobeooo taxBs:
Cigars (large)
Cigars (inall)
Cigarettes (large)
Cigarettes ( aiall)
Tobaooo (cheving and aaoklng)
Cigarette papers and tubee
Leaf dealer paoaltiea, etc
Cigarette and cigar floor taxaa
Total tobacco taxes
Sta;^ taxaa:
fionda, issues of coital atock, deeds of ooacr^yanee. eto
Transfers of o^ltal atook and •<-<^aT interest
aalea
Plajlng carde
91lT«r bullion aalee or traoafera
Total ataj^ taxea
191*5
19I16
10,263,1(18
2.1*36,978
2,710,11*3
1,258,154
802
539
1*8
71
10,;
1.253.51
8,567,lU7
U,2£l,oo;
19.03'*,313
2.659.357
3.157.858
1.3liO,4l6
1.569.985
U. 762. n't
>t,'t21,682
161*. 1*68
235.3l»3
521. '•31
1*58,031*
56,008
95.372
71.J19
3U.201
7U,3S9
39.332
y
202,9't7
201*.
593
,5/
17,21*7 r j/
1*05.295
'•2.371
73.077 r 5/
9.113 r 5/
1,460,844
(-913)
86.905
23,11*8
9.3'*5.19«
11,003,520
51*9.1*33
657.326
259.902
227.877
llt,629,3lA
15.883.235
769.9O8 r
988,0l»l
366.022
31H.598
13S.9«
ll»3.798
12.337
39
U3U
5.960
1
180
6
137.'«2
11*3.978
12.628
12,31*2
3
5.964
33.027. 802
35.061.526
3.>lbl,893
4,158,21a
1.712.402
1,290.025
183.357
"1:573736
518
186,l|g9
ll*.?07
1, 1*94,1*20
359.1125
3U7.937
13.885
361.822
216.672
8,966
225.638
12.621
1
5_
l^loToent taxes:
Social Security taxaet
Qld-a^ Inaurance 6/
Unaa^loymant insurance JJ
Total Social Security taxee
ingnat
,038, U3S
78i»,99T
Otben
Current
Baok
Ingnat
1944
riacal
year
year
I9U5
265.OU
1.307.931
31*1*,
758
38,108
37.800
35. IW)
1.738.372
1.779.in
397,533
399.62a
261.058
380.702
371.999
322.275
313.860
193.918
U73,'t66
596.137
108,651*
116.282
61,944
37.7t5
1*6.918
1.703
1.642
726
199.691
37.097
185,700
3.987
16,5a
232,331*
14,428
108,921
2,208
286,871
611.835
18,87*
281*,
1.281*,
a3
32,51*9
:
lJ.027
2,122
5W
30,068
1*5.269
6.587
5.697
3.529
8,308
I*,ll06
l».279
1.052
5
137
1.831
238
128.721
170
1.244
3.830
2l|0
12
8.109
2
U
278
•
8.516
886
11,213
85.83't
.83.3't3
Itoiubg
559.152
3.375
635.082
3.130
128,51*1*
i.rro
1,61|8
1.6l8,0U;
2.309.861*
1*11,851*
396,956
201,914
5.383
18
5.798
u
2.975
10
160
176.029
1.253
8.357
519
78,067
. 599
1.3^
30.152
107
36.59:
'i
88
^695
903.958
7.692
H5.269
836.oj)8
11*9.042
7.7*1
i.ie>»
2
90
1.390
1
8
1.059
7.638
161
988.1183
932.II15
163.336
192,129
s£,2i»3
33.157
l*.775
5.777
17.096
2lt.852
'».33<
7.'a>»
7.1*93
>*7
25
U.766
1.277
7
50,800
65.528
lO.BZl*
U.3I19
liS.ST'*
1
Zl
l».257
92
1
1
1.255
2
86,022
.
Treasury Bulletin
78
Detailed Analysis of Internal Revenue Collectlons~2/ - (Continued)
(Is thcTTBTiilt Of dollars)
7lT>t 2
fiscal jraara
riseal
Type of tax
igwt
.
.
52.'t73
271,217
10,309
25
3.,21*7
1,,222
31..551
51..239
5.027
5.36*
255
3.1W2
1,889
633
2,1|06
8,671
55
3,760
5«,726
113.373
8,3*3
92.865
105.563
75.257
•
20,81*7
WX
57,001*
12,o6o
11,035
,
55
l*.753
2,015
927
1.637
9.3»9
t
10.120
79.1*18
181*,220
73.851
'
It/l/Vt)
"t.777
Optical aqulpaant (repealed as of 11/1/H2)
Photosn^hio apparatus
Bobber articles (repealed as of 11/1/>I2)
Sport Inf goods
Toilet preparations > retallere' exeiee
Vaahin« Bacbinae (repealed aa of ll/l/>*2)
flreaiao. shalla and oartridgae
Piatole and roTolrere
Bapealed taxes not listed abore
Total aanuf acturers
'
and retailers' exelae taxea.
Miecellaneous taxsst
Bltualnous Coal Act of 1937
Soear ict of 1957
Telephone, tele£rG9)h, radio, and oable, leased
vires, etc
I«cal telephone serrlce
Traneportatlon of oil by pipe line
Transportation of persons, seate, bertha
Traneportatlon of property (effeetire 12/l/l<2)...
Uee of aotor reblclaa (effeetire 2/1/U2)
Cee of boats (effeetire 2/1/U2)
Leaeee of safe-depoelt boxee
Adaleeione to theatere, concerts, etc
Adaleslons to cabarate, roof gardana, etc
Club duee and ^initiation faee
Bevling alleye. pool tablee, etc
Coin operated deriees
idolterated and processed or renorated butter,
Ixed flour
and filled cheese
Olaeaargarina. including special taxae
&u^otics, including oarlhuana and spsclal taxesCoconut and other regetabla olle processed
latloaal fIrsarvs Act
All othsr. Including repealed taxes not listed
abore
^
Total Blecellanaeus taxae.
Total aieeellaneous intamal reranoa.
8
11.907
295
2,lt98
Wt,790
6
73
19.288
228
U,2k8
86.615
I*
1,061
37
98
728.69U
1,'W3
68,789
1*1.275
90.199
15.851
153.683
215, 1«8
13»,3S6
352
6,59"t
178,563
26,726
9.182
2,208
I8.U75
3.132
5
35.
1,206,616
73.292
208.018
133.569
16,286
231*, 182
221,088
128,701
336
7.311
300,589
56.877
ll*.160
U.16O
19,100
18
58
>»,08U
7.190
16
5.503
756
6,208
16
201
1(0
779
1,075,1101
5.353.336
Total intsrnal rarenua colleotlone
"10,119,510
Adjuetaent to Daily Treaanzy Stateaent
+1.565.'i77
Total receipt e froa internal rerenua (Dally Treaaury
Stateaent )
1*1,6811.987
fiscal
year
ISi^
191*5
lUscallanaous Intamal rarsmia (contlnasd):
Kanofacturars' and ratallars* axfilsa taxssl
Labrloatlng oils
Oasollne
Tlraa and tobas
lloor taxas on tiraa and tiOtaa
intono'blla trucks and Vases
Othar antomobllaa and aotorcTOlaa
Farts and accasaorlaa for antomobllaa
ILactrioal enor^
Xlaotrio, gas. and oil i^ipllancas
Zlactric ll^t bxilbs and tubas
ELaetrlc el^a (rapsalad as of 11/1/42)
Badlo aata, phonogrE^hs, coaponants. ate
Phonograph records
Musical Instroaants
Mechanical refrigerators, alr-condltlonars, ate..
Katchss
floor taxes on Batches
Buslnaes and store aachlnaa
fore - ratailera* assise
Javalxy - retallara- axelae
Lnccace - retaUera' axetea (effactlTe U/l/M)
Lucga^ - aannfactnrere exclee (suspended as of
oaths
19146
Angnst
19"*
iD^OSt
igits
79
October 1945
MONETARY
STATISTICS
U
8
.
U
Treasury Bulletin
80
Gold Assets and Liabilities of the Treasury
(In millions of dollara)
LlaMlttiaa
End of calendar
70ar or month
Oold aseete
Oold certifIcatsa 1/
19361937
19381939.
19U0.
11.257.6
12,760.0
ll>, 511.2
8,959.6
9.212.3
11,872.8
15.278.6
a. 99^.5
19, 825.
19IH.
19UJ.
22.736.1
22,726.3
21.937.8
igw-
20, US.
iglrt- August
Septenber.
October*.
Horember.
Dece<nber.
19**5~January,
Oold resorre
against XI, S.
notos* etc. 2/
20,56>t.8
20,611.9
19.821.0
18,U97.U
Sxchange
Stabllluitlon
yand 2/
it
Oold In
General Fond
156.0
156.0
156.0
156.0
156.0
1,800.0
1,800.0
1,800.0
1,800.0
1,800.0
156.0
156.0
156.0
156.0
1,800.0
1,800.0
1,800.0
1,800.0
160.7
165.U
3'ti.9
1.591.6
6S2.U
1)08.9
a3.2
a5.3
158.lt
20,926.3
20,825.1
13 ,812.
18,700.7
156.0
156.0
1,800.0
1,800.0
157.9
168.3
20,726.7
20,6gg.U
20,618.8
13,605.1
18,581.1
18,U97.U
156.0
156.0
156.0
1,800.0
1,800.0
1,800.0
165.5
151.2
165.U
20,5149.8
18,1*26.0
February.
20,506.0
20,lil8.7
18,398.3
18,313.6
156.0
156.0
156.0
1,800.0
1,800.0
1,800.0
167.7
151.6
Karcb
iprll.
Hay...
June.
20,373-6
20,270.2
18,259-7
18,163.8
18,106.6
156.0
156.0
156.0
1,800.0
1,800.0
1,800.0
157.8
150.U
150.3
18,032.5
17.978.0
156.0
156.0
1,800.0
1,800.0
163.9
153.7
20,a3.0
July
August p.
Source:
p
1/
20, 152.
20,087.7
Sally Treasuiy Statements,
Frelljfiinary.
Cot^jrieee (l) gold certificates held by the public and In Federal
fieserre Banks; and (2) gold certificate credits in (a) the Oold Ce:^
2/
y
1119.0
tiflcate Fund -Board of Governors, Federal Reserve System,
and (b) the Sedes^tlon Fond - Teder&l Heeerve notes.
Beeerve egainet United States notes and Tr?«pury notss of I89O.
Excludes gold in active portion of Ixchange StabilizatienFund.
Monetary Stocks of Gold and Silver
(In millions of dollars)
2nd of fiscal
year or month
Sold
($35 per
fine ounce)
Silver
($1.29+ per
fine ounce)
Hatio of
silver to gold
ana silver in
monetary stocks
u
U
-.
.
.
7
81
October 1945
Components of Silver Monetary Stock
(la llllsiia of lollvi)
Silver h«ld lA Troa«nx7
SilTar oQtslda
bd
Tra«sM7
SvenrlBg ollTor
oortlfleatai 1/
of etltaiMi
7«ar or aonth
SllTor ^ullioD
SllTor dollars
Subaldlarj
colB 2/
Bollloa for
raoolaaca
^
BollloB
at 00 St
505-7
503.7
igw.
775.9
93«.«
1.137.6
1,29<.2
1.39«.i
19'tl.
l,i»76.l
1,516.2
1,520.0
1,520.1
IwU.l
kit.}
3-5
19'«.
loo.ii
ll\
376.5
12.5
1,520.1
1,520.1
385.8
383-7
21.2
15.1
1,520.1
1,520.1
1,520.1
381.8
379.5
376.5
11.9
10.2
12.5
I1II.9
I1O5.6
1,520.1
1,520.1
1,520.1
375. >»
372.1
lU.g
lU.o
9.9
1,520.1
1,520.1
1,520.3
370.6
368.7
366.8
l,57lt.6
365-1
363.6
19361937.
19J«.
1939.
19"»3.
19U11.
19Uii-A\:euat
Saptam^or-
Octotor.
BoTeobar.
Dacfldber.
19115- JanuMy
.
fal)ruAr7.
March
AprU.
Kay...
Jona.
•
Jxay
Au^st
5.7
S-H
3.5
5-3
2.3
i2.7
s
'99.0
l»9C.6
37'».o
1.587-5
p.
Total allTar
at 11.29
par ooaca
Xb OoBorml tvaA
Daily Traasury Statemanta and CirculAtion Statemanta of Unltad
Stataa Money.
PreliminaryLese than $50,000.
Valued at $1.29* per ounce.
SllTor
dollars 1/
Sn^aldlarj
cola 2/
2,>I02.3
Ul.J
?-3
616 !o
657 -!•
'3S:;
372.8
l»3.Ii
2.«>6.5
3,3W.«
U.l
3,790.2
060.0
52.5
ua.u
It,
>i93-5
U,2Ult.«
2on.1
63.0
78.8
96.8
117.5
771.6
3.870.5
U31.6
U28.9
108.6
110.6
729.U
739-1
3,910.1
3,905.9
1120.1
112.5
Ult.8
117.5
750.3
762.1
771.6
3,889.0
3.876.5
3,870.6
393-8
391.0
378.2
118.6
lao.o
772."»
3,8lil.l
n3.3
ia.9
7T9.9
3.833-6
3.8OO.7
20.2
27.0
2U.2
36U.3
332-3
123.
32'*.5
125.3
127.1
786.2
795.8
801.6
3.777.7
3.70U.3
3.685.8
15.1
15.9
287.8
128.8
2n.6
130.
81U.6
821.7
3,6U2.1
3.63U.I
662.3
628.2
13.1
1.1
-9
2/
^
U,317.6
6«li!7
'1,207.3
Valued at $1.38''' per ounce.
Valued at $1.38-^ per ounce or at $1.29 per ounce aecordlne to
vhathar the bullion Is held for racoin^e of eubeldlaiy allver
colaa or for recoln^e of standArd ellTer dollars.
Silver Production In the United States and Silver Acquisition by Mints and Assay Offices
^
(la Blllloas of ounces or dollars)
surer
Silwr acquired by alnte
production
CaleadAT year
or Moatb
United
States
Tevly aiaed doaeetle
sllTer 2/
Katloaallsed
ellT»r 2/
DolUra
63.1
1936.
1937.
193«.
1939.
19MO.
end assay offtcea
la
19UI.
19U2.
71.1
19UV
igw-
io'.a
61.1
70.6
61.6
60.7
68.3
U7.3
uo.i
ug.5
70.5
U7.9
5.5
50.1
3U.0
3.9
Torsion SllTer U/
fetal
Dollars
Q\
Ssllars
3'«3.3
197.8
163.3
199.1
160.6
208.0
99.'»
ll»3.1
77.2
271.9
150.3
333.'»
2l»l.S
312.2
U17.1
282.8
139.8
108.
156.9
120.5
50.9
72.6
1U.3
27.1
6.0
62.1
llO.O
5-5
3.9
355.''
35.7
19W*-July
August ....
Septsober.
October.
BoTanber.
Decanber.
19115- January..
February.
March
3.55/
3.15/
2.3 5/
2.9 5/
3.15/
3.25/
2.6
2.2
2.8
ttay...
2.9
3.2
June.
1.7
July.
2.1
Anrll.
figures on U. S. tlWer production eon« from th« Burvftu of
tha Hint: monthly flguree on U. S. tll-rar prodiictlon coae froo reIsases of the Afflerlcan Bureau of Hatal Statistics and will not
agree with the annual flpirei.
Lest than ^0,000 ounces or S^O.OOO.
For information on slWer production In other coiaiitrles froa 1933
through I9U0 or I9UI, lee 'Treasury Bulletin" for August 19U3,
pa«e 7^.
Acquired at 6U. 6U« cents per fine ounce until April 9* 1933: *^
^^nn'Bi*'*
1/
2/
^
U/
7I.IX+ cents per fine ounce fros that date until April O. ^93^: *t
77.57+ cants froB April ?3, 1935 to Decsaber 31, 1937: at 6U.6U4.
cents per fine ounce from Decen^sr 31, 1957 to July 1, 1939; "d at
71.11* cents since July 1. 1939.
Acqulrad at 5()>'^1 cents per fine ounce. XzacutlTe Proelaaatlon of
Aogust 9, I93U, repealed April 38. 1938.
Acqulrad at varloua prlcee avera^ng approxlaatalj 5I o«Bta par
ounce.
.
.
.
.
.
.
7
1
Treasury Bulletin
S2
Seigniorage an Sliver
(CmanlatlTe from January 1, 193^* - In millions of dollars)
Sources of seigniorage on silrer bullion revalued 1/
Seigniorage
on coins
( sllrer and
minor)
End of calendar
year or month
Potential
seigniorage on
silver bullion
at cost In
General Fund 2/
193't
Nationalited
silver
(Proc. of
Aug. 9, 193'()
1(8.7
.U
51.1
28.5
12s.
132.6
18.5
1(8.7
27l(.9
3|(.7
1(22.1
63.7
69.5
91.7
U«.7
226.2
302.7
366.7
126.2
1(8.7
16.8
36.0
58.0
3'(.5
l<6.1
3^.7
3^.7
3U.7
5O8.I
616.0
705.6
IIU
19U1.
igte.
igus191A.
,055.8
,089.0
iglA-iugoat
Septen^er.
I93U.
19351936.
193719381959.
191(0.
Misc. silver
(incl. silver
bullion held
June lit, 1931*)
Kewly-nlned
Hevly-nlnod
silver (Act
silver (Proc.
Dec. 21, 1933) July 6, 1939)
Total
seigniorage
on silver
revplued
758.8
950-6
1(8.7
7i*.9
1(8.7
87-3
U.2
530.7
122.2
182.1
2U5.7
299.6
362.3
1(8.7
87.6
87.6
87.6
87.6
87.6
25-7
562.7
580. U
3U.7
759.1*
3I1.7
5Si(.3
3l(.7
58U.3
58^-3
3'(.7
65.1;
3'*.7
799.7
8I8.9
820.6
820.7
332.7
336.7
1(8.7
87.6
87.6
65.
65.
58U.3
58U.3
3'»-7
3l(-7
820.7
820.7
76o.l(
87.6
87.6
87.6
65.
65,
65.
58U.3
58U.3
5SU.3
3t.7
3K.7
31.7
820.7
820.7
820.7
71(1.1
87.6
87.6
87.6
65.1(
58U.3
58U.3
58U.3
3K.7
65.U
820.7
820.7
820.7
697.
692,
670.
65.l(
58U.3
3it.7
58l(.3
3^.7
65.5
58U.3
820.7
S20.7
820.8
61(6.2
65.1(
1(8.7
U8.7
U8.7
U8.7
1(8.7
October.
November.
December.
3142.8
1(8.7
351.3
362.3
1(8.7
19U5-Januai7.
Fetruaiy.
March
365-8
367.7
369.1
1(8.7
1(8.7
U8.7
1(8.7
April.
May...
Jnue.
380.1
19U.0
1(8.7
IlOO.O
1(8.7
S7.6
87.6
87.6
JUI7.
August
1W3.2
U09.9
1(8.7
1(8.7
87.6
37.6
.
Silver Purchase Act
of June 19
1(8.7
i(?r.7
1(8.3
63.6
65.3
3'(.7
3K.7
619.
3'(.7
627.2
3i».7
,01(8.2
967.3
717-3
756.7
728.3
717.3
589.2
575-0
855-5
S63.7
_L
Source;
1/
Daily Treasury Statements.
These iteois represent the difference between the cost value and
the monetary value of silver bullion revalued and held to secure
2/
silver certificates.
The figures in this column are not cumulative; as the amount of
bullion held changes, the potential seigniorage thereon changes.
Net Capital Movement to the United States, 1935 through May 1045
Lin thousands of dollars.
Net capital outflow (-)J
Analysis of net coital movement
Set capital
movement
Calendar year:
1935 (Jan.
1936 (Jan.
(Dec.
1937
1938 (Dsc.
1939 (Dec.
191(0
I9IH
I9U2
191(3
191*4
191*5
Movsaent in
short-term
banking funds
Movement in
brokerage
balances
Movement in
transactions
in domestic
securities
Movement in
transactions
in forei^
securities
2,
1,1*12,1(86
961*, 629
2,
1.195.922
801. 915
397.3'*2
255.591*
6,039
6.811
316,660
600,693
3'(,687
2l(l(,626
1*15,256
331,268
1.132,353
3U
32,990
-85.1(27
125,158
191,076
267,008
26,758
115,689
-21*5,062
78,156
1935-JaB- !• 1936).
1936-Dec. 30, 1936).
31, 1936-Dec. 29, 1937).
30, 1937-Dec. 28, 1938).
29, 1938-Jan.
3, igio).
19l(0-Dec.
19l(l-Dec.
19l*2-Dec.
19l*3-Dec.
(Jan.
(Jan.
(Jan.
(Jen.
(Jan.
(Jan.
19'*5-May
31,
31,
31,
31,
31,
31,
1935-May
31.
19l(I(-Dec.
Total (Jan.
1.195.635
191(0).
706,380
191a).
-1(96,923
6ol(,321
191(2).
191*5)
1.283,59?
357. 15S
381,970
191*5)-
7.857.709
191*3)
13m).
852,928
-286,622
561,573
l,l6U,758
57,196
-261,955
51.7OJ
1(6,599
-7.36U
77.696
1*31.930
3.513
13.372
8,529
7.297
27.767
210.735
-126.819
5.850,177
133,581
785,013
1,088,938
i(l*,39li
93.1*96
69.562
Month:
19ltl*-May..
-5,1*38
1,151
June.
76lt
-1*7.329
1,616
-7U7
-6,082
22,268
-2,123
26,572
1(.525
76.013
3.851
28,1*514.
16.569
-2.11(1
-2,061
-3.339
1,295
179.1*18
-U27
-U72
-5.965
a5
-u6,872
U9
17,1(80
10,is3lt
-9.953
-57,289
650
2.313
October.
november.
December.
29.275
70,296
-5^.773
26,852
76,268
-229,521
191*5- January..
157,1(05
153.895
-195
-2,808
6,513
Pebruaiy.
122,225
17lt,973
3.8I1O
March
-16, 298
11,310
521
-6l(,055
-2l*,388
7,1(67
-3.71*1
58,27'(
i(l(,ltl(6
1*7.
-78
3.209
-18.079
6o,36U
31.985
27.338
July
August ....
September.
-36.
April.
Hay...
Bacic
Figures:
For monthly data for the period January 19l(l
19l(2, see "Treasuiy Bulletin" for
191*3. page 73.
throu^ June
September
306
U,9ll
-17,1(89
.
..
.
October 1945
83
Money in Circulation
(In mlllloQ* of dollari)
?mpw
Xnl of flteal
jmmr or month
Total
on«7
la
Total
clrculatloD
1/
1936
1937
1938
1939
igMo
6.2U1
i9'»i
19U2
2/
78
7. (At
6.Ug«
,U5l»
T.SkS
7.2'»«
72
67
262
266
,582
2lt8
9.612
12.383
17.421
8.932
11.600
16.U92
63
59
57
i.ni*
300
317
322
322
323
5.755
23.791*
October.
BoTcDber.
2l*,U25
25.019
25.307
National
kank
notoa
y
^
U,003
U.169
U.llU
U,U8U
5.163
52
38
6,68lt
18,750
20
19
5«U
597
22,;
2,867
527
126
120
9,310
f4
a7
186
165
22
150
139
52
22.200
22,688
53
53
1,582
1,586
32l*
323
19.527
20,017
587
582
125
125
23,300
23.S75
24,151
53
53
53
1.592
1,60U
1,611
32U
325
321
20,631
21,200
a,l|62
571*
12U
559
560
I2I*
IW
53
1.561
1.583
1.589
316
a, 533
53
53
320
330
a, 964
22,100
55U
550
5UU
123
122
122
1.593
1.652
1.651
3a
22,381*
537
322
323
22,551
22,867
533
527
1.731
1.75a
23.139
23.659
5a
21*,
Hay
Jtno
26,189
26,528
26,7U6
25,009
25.331
25.5'tl
52
52
52
July
August p.
27,108
27.656
25.885
52
25.1*22
52
iprU
fodor&l
Boterve
Bank
notot
5"*!
25.290
25.751
25,899
7ebruary.
March
1.7511
rederal
Reierre
no too
1.6U9
1.588
1,651
25,
23,292
278
281
955
,078
,230
a.U38
7W
Septembor.
19U^Jamiaiy.
no tot
5.93''
22,50lt
.
United
Ststoi
S90
5.92lt
26,
.
Tro)
6.U61
19U5
Oecemlier..
SllTor
cortlfIcatet
monaiy
101
88
ww^'-'
19UU-.aji«nat
Oold
certificates
2lt.593
2k. 729
13. 7l»7
123
la
la
120
119
119
517
Coin
iBd of f laetf
yaar or aonth
19361937.
1938.
1939.
19I10.
19>»1.
19l«.
19UV
191*11.
19115.
19lill-iiica>t
Saptomber
October.
Hovenber
December.
191*5- January.
.
Fobruaiy.
March
iprU.
Hay...
June.
July
August p.
Souzca:
p
1/
fotal coin
Standard
llTor dollara
Money In
circulation
per capita
Subaldiaiy
atlrar
(In
U86
523
527
558
599
U6
yi^
680
783
92?
1,066
1,205
II
ek
103
125
50U
610
700
213
788
1.092
1.106
107
109
716
725
1.125
« Ug.60
316
35
3«
doUart)
31*1
lUU
1)9.88
3l|2
llt6
1*9.
361
155
169
59. '•7
19I1
62
53-72
72.16
91.88
i
127.61*
292
163.07
191. <6
272
171.91:
l6s
ii9
lU
738
1.156
^^?
116
751
758
276
280
282
176.39
180. 52
182.19
1.150
1.158
1.170
117
118
120
751
757
755
282
283
285
181.95
185.15
186.11
1,180
1,196
1,205
122
123
125
772
287
188.08
781*
290
190. 1)1
788
292
191.86
1,223
127
128
800
807
296
19lt.02
299
197-78
l.ll»l*
1,2311
Circulation Stateoente of United States Money and Annual Report of
the Sseretai7 of the Ireaauiy for 191*1*, pagee nk-T!! •
Pralioinary.
fiocludoB (1) money held by the Treasuiy, (2) money held by or for
the account of the Federal Reserre Banks and their agents, and (3)
coin estimated to be held outside the continental limits of the
2/
iJ
Includse poser crirrency held outside tbs contiUnited States.
nental limits of the United States.
Oold certificates and Treasury notes of 1890 in circulation are
being canceled and retired ^on receipt by the Treasury.
Fedsral Saeerre Bank notes and national bank notes are corered by
deposits of lawful money and are in process of retirement.
Treas.
U.S. Treasury Dept.
HJ
10
.A2
1945
C.2
Treasury Bulletin
>
@FedFRASER