Full text of Treasury Bulletin : October 1946
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I
TMEASIUMV.
II'
EmiLETEN
DCTDBER-ig4B
LIBRARY
ROOM 5030
JUN
?.
1 1972
TREASURY DEPARTMENT
UNITED STHTES TREn .SMRM DEPRRTMENT
DFFICE DF THE SECRETRRV
October 1946
i
Table of Contents
Page
Cumulative table of oontente
Artloles:
Banking and Government (speech by the Under Secretary
of the Treasury)
Treasury market financing
Statistical section:
Summary of fiscal statlstloe
Receipts and expenditures and appropriations
il
'.
j^_x
A-5
1
i|.
General fund of the Treasury
Ig
Public debt and guaranteed obligations of the United
States Qovernment
j_q
Ownership of United States Government securities
I15
Prices and yields of Government securities (Including
securities Issued by Federal agencies)
53
Corporations and certain other agencies of the United
States Government
gQ
Internal revenue statistics
53
Monetary statistics
gg
Capital movements between the United States and foreign
countries and net position In foreign currencies
93
Note:
In those tables where figures have been rounded to a
specified unit, all calculations (including percentages) have been made from unrounded figures.
Consequently the details may not add to the totals shown.
11
Cumulative Table of Contents
Treasury Bulletin
October 1946
in
Cumulative Table of Contents - (Continued)
Issue and pege number
19l(£
Oct.
Sept.
Aug.
July
June
19U5
May
Apr.
Mar.
Feb.
Jan
Dec.
Not.
Summary of fiscal atatlBtloe
Bud^tai7 receipts and eipendltures
Polillc debt and goaranteed oblleatlons outstanding.
Heane of financing eaeh raqnlreaanta
Receipts and expenditures and appropriations
Bu^etary recelpte and expendlturee:
Changes in olasslflcation of ejpendltnres in Treaeuiy reports effectlTe July 1, 19U6
Smenaiy I17 major classlfloatlone
Analysis of recelpte from Internal rereaue
Aaalysl s of general expenditures
iaalysls of expenditures for war aetlritles
iaalyels of expcmdltures for (1) revolving fmds and (2) transfers to
trust accounts, etc
Analysis of expenditures of OoTemaent corporations (vholly owned),
6
7
7
8
7
8
S
8-9
9-10
8-9
8-9
8-9
8-9
8-9
8-9
8-9
8-9
8-9
8-9
Trust accounts, etc., receipts and expenditures.
10
11
10
10
10
10
10
10
10
10
10
10
Means of financing cash requlrenente
11
12
11
11
11
11
11
u
11
11
11
11
12
13
13
12
Ik
Ik
Ik
lU
lU
Ik
etc.
(net)
,
Total budgetary recelpte and expenditures, by asnths, for recant years
Social security program:
Budgetary receipts and eiqiendltures:
Social Security Act
Ballroad Betiresient Act
Ballroed Thiei^loyment Insurance Act
Statement of trust accounts:
Federal Old-Age end SarrlTors Insurance firust
Ballroad Betlrement Account
nneaf>loyment Trust fund
9
^md.
Appropriations and net oontract authorisations for the war actlvltlea
program
15-16 15-16 15-16 15-16 15-16 15-16
Cash Income and outgo of the Treasury:
Analysis by major elaaslf Ications
Tot^ cash Income and outgo by months and calendar years bsglnnlng with
January 19Ub
ISI6
13
13
15-16 15-16 15-16
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
Assets, liabilities, and balance In Oeaaral fund.
19
19
19
19
19
19
19
19
19
Analysis of changes In balance of Oeneral Tnnd.
20
20
20
20
20
20
20
20
20
Issuance and retirement of the publlo debt
22
22
22
22
22
22 J
22
22
22
Compoeltion of the Interest-bearing public dabt.
22
22
22
22
32
22
22
22
22
23-2U
%r
27
27
27
27
27
27
General Fund of the Treasury
Publlo debt and guaranteed obligations of United States Oovernaent
Public debt and guaranteed obllgatione:
Detailed statement:
Fiscal years, 1936-I9U5
Monthly data
Chart
Cos^uted Interest charge and counted Interest rate.
22-2
23-2
Ouaranteed obligations held by Treasury
Statutory limitation on the public debt - condition, as of:
September 30, 19U5
October 3I. I9U5
HoTsmbor 30. 19U5
Dscembor 31. 1*5
f
January 31 19W
February 28, I9U6
March 31 I9U6
%ril 30, 19U6
May 31 19U6
June 30 19I16
July 31 19U6
August 31 I9I46
'2l> 2>2l»
23-2*
2l|-2>
2U-25
26
27
27
27
27
r
\-2k 23-2'»
»-e5 §t;
26
27
28
28
,
,
28
;
28
,
28
,
27
,
25
,
Maturity schedule of Intereet-baarlng public markstsible securities Issued
or guaranteed by the Tfolted States
26-28 28-30 29-31 2»-31 29-31 29-31 29-31 29-31 29-31 2»-5l 29-31 29-31
Offerlnge of ma]4cetabls issues of Treasury bonds, notes, and eartlflsatss
of indebtedness
29
31
Disposition cf matured marketable lasttaa of Treasury bonds, notes, and
certifloates of Indebtedness
30
32
Offsrlngs and maturltiss of Treasury bills.
31-32
(Continued on following
p^e)
32
32
33
33
3'i-35
3^35
32
32
32
J2
32
32
33
33
33
33
33
33
33
33
3'^35 3't-35 3^35l3'i-35 3'i-35 3'<-35
3^35
3'»-35
32
32
Treasury Bulletin
iv
Cumulative Table of Contents
-
(Continued)
October 1946
Cumulative Table of Contents
-
(Continued)
laBue and page number
I9U6
Oct.
Sept.
Ati£.
July
June
19t5
May
iftr
.
Mar.
Feb.
Jan
Dec.
Hot.
Corporatione and certain other aKenclee of tha
U.
9. &overnme"nt
ABsete, liabilities, and capital:
September 30, I9U5
December 31.
67.
71-75
191(5
69.
73-77
Itarofa
31. I9I16
69.
TJ-77
June 30, I9U6
61
65-69
I«ane ontetandlsg, claselfled by type of leant
September 30, 19I49
December 3I. I9U5
Maroh 31, 19U6
June 30, 19W
6g-70
,
Income and expense:
Tiret three Bonthe, fieeal year l^^iS
riret six months, fiscal year 1^^first nine months, fiscal year 19U6
yiscal year 19^*6
Sonrcee and spplication of fxmds;
First three months, fiscal year 191(6
First six months, fiscal year 191(6
Firet nine months, fiscal year 191(6
Fiscal year 191(6
Hootnotea
70-72
70-72
62-6b
6a-67
eu-€9
6l(-69
70-75
68-73
70-75
70-75
76-gl
82
76
In ternal revenue etatletloa
Collections of internal reTenoe:
Summary data
Chart
Coi^aratlTe details for ciirrent periods.
6U
69
70
85
65
86-87 71-72 66-67
78
79
80-81
79
9*
81-82
65
66-67
n
77
78
79-80
79
80
81-82
62
63
6l(-65
75
76
77-78
62
77
78
63
79-80 ei(-65
Monetary atatlatloe
Balance sheet of the Exchange Stabilisation Fondl
Jvme 30, 191(5
September 30, 191(5
December 31. 191(5
March 31 . 191(6
Oold assets and liabilities of the TreasTiry
Increment from reduction in wei^t of gold dollar, cumolatiTe to:
September 30, 191(5
December 3I, 191(5
March 31, 191(6
Jane 30 191(6
Treasury gold receipts, for recent quarterly periods
Monetary stocks of gold and silTer
CoDponents of silver monetary stock
Silver production in the United States and silver acquisition
by mints and assay of flcee
Seigniorage on silver, by types
Money in circulation
67-6e
67-68
69-70
89
7'(
69-70
71
83
8U
"71
81)
'69
69
"71
,
Capital movements between the United States and foreign
countrlee
Discussion of coi^osition of statistics
Historical summary of net capital movement since 1935*
Summary by countries
9V96 79-81 76-78
97-102 82-S7 79-eu
88-89
90-93
90-106
76
77-93
87
ss-lob
90-106
7U
75-91
85
86-102
87
g8-10l( 77-93
Details:
May 191(5
June 191(5
July 191(5
August 191(5
September 191(5
October 191(5
Bovember 19^(5
December 191(5
January- February
March 191(6
J^ril 191(6
May 191(6
9l(-96
105-107
103-105
9S-9>(
107-109
105-107
9H-96
107-109
9l(-99
191(6
Poeition in foreign currencies.
^87
88-90
103-105
106-U2 91-97
88-9l( 100-107 110-117 97-lOl( 108-115 110-117
95-102 106-113 108-lll( 97-102
October 1946
A-l
Banking and Government
The following addresi was delivered by 0. Mm Gardner, Under Secretary
of
the Treaeupy, before the national Aseoolatlon of Superrisore of State Banks
at Cleveland, Ohio on September 19, I9U6.
When I received the invitation to epeak
before this distinguished group, I was very much
constrained to decline, not from lack of apprecifor fear of my ability in this period
but
ation,
of States.
Schools,
roads,
institutions,
all
departments and agencies of government, had been
touched with the atimulation of unprecedented
growth.
At
to interpret
the
kaleidoscopic changes that are
taking place throughout the world affecting your
However, I. consider it a high honor
interest.
13
million.
end of 1920, the State debt was
When I went into office, the first
of 1929, it was |17« million.
The pride of the
people and their hopes were boundless. Neither
and privilege
to
the
General
be here.
you personally and others
have known some of
I
reputation, by vir-
by
tue of having been Governor of North Carolina.
As a former bank director and business executive,
I feel that I know something of the banking prob-
of your respective States.
sympathy with sound banking, and
lems
initely that
preservation
this
of
group
the
I
I
know
I am in
feel very def-
has a large part in the
security of our
economic
the
Assembly
nor
busineee nor Industry
saw a cloud on the horiion.
In October of 1929,
without warning, the
bubble burst; the Joy ride was over. Thereafter,
each successive six months of the remainder of my
adminietration saw the economic trend in the nation as a whole and in my State in retreat.
The
bold stream of revenue dwindled to a trickle.
country.
It has been
my
fortune
-
or misfortune - to
have spent many years
in public office. As Governor of North Carolina, I experienced economic
chills and fever, the delirium of boom and the
I know how it feels to believe
living in a period of perpetual
prosperity and how it feels suddenly to tumble
agony
that
of bust.
are
you
into the basement
of bankruptcy.
Having experi-
enced all these vicissitudes in 3tate government,
whether things
I learned the hard lesson that,
look good or bad, we must face the fasts.
If you
will pardon me,
would like to tell
you of some of the conditions that prevailed in
the late '20*8 after the last war, as they may
have
I
bearing on our action with respect to
the problems now facing the States and the nation
in this period.
There is real value in remembering, the lessons of the past.
We are all prone to
some
During the past three to four years,
and
especially in the past year, you and I have heard
and learned a great deal about the dangers of
Inflation and deflation; Both are bad. But I am
here to tell you that in the period from 1929 to
1933, I learned,
through struggle and personal
and official punishment, that, of the two evils,
deflation
is
eqjially
as deadly as inflation, if
Tor myself, I am a bull on America
and have complete confidence in the economic sta-
not more so.
bility of this country.
In this period of nightmare, as Director of
the Budget of North Carolina, I was confronted on
the one hand with dwindling revenue and on the
other hand with the necessity of maintaining essential public service,
ae well as the character
and the credit of my State.
What was I to do in
forget.
such a dilemmat I decided that it was necessary,
in the public interest, for me to forget all political ambitions and assume the risk. 1 recalled
the divine injunction and
tried to apply it:
do not
contend that conditions of this
I
period are .similar to or identical with the conditions of the late '20*8, but there are people
who think that we are afflicted with some of the
"That he who would save his life must be willing
lose it."
It was a question of how I would
use the power that had been granted to me. As
same symptoms that prevailed In that period.
When
I
came into office ae Governor in 1929,
the eight years preceding had been years of unin-
terrupted expansion of public service and public
spending.
In these eventful eight years North
Carolina had been lifted from lethargy to perhaps
the most dynamic commonwealth in the sisterhood
to
Director of the Budget, I cut legislative appropriations for the first blennium in the amqunt of
$3-1/2 million and in the second blennium was
compelled to reduce the cost of government an
additional |6 million.
This sounds like chicken
feed now, but it was blood money then - money out
of the arteries and veins of public service.
I
am happy to say that our essential public
Treasury Bulletin
A-
of
aervloee continued to function and the credit
is so
today
State
The
saved.
was
North Carolina
prosperous that I fear It may forget the agonies
In this connecof the period Just described.
Carolina never
North
that
to
say
proud
tion, I am
time
and never deon
payroll
meet
a
failed to
And I am
period.
this
In
debt
faulted on any
Carolina,
North
today,
that
add
to
more than happy
like
of
other States, has provided put
the retirement of all of Its
number of
a
Its
In
general fund debt.
genby
governments,
State
forty-eight
fact, all
erally holding firm their tax rates and by moderately Increasing their expenditures during the
value of our dollar.
money
est
In
mercy and not In wrath that man was
commanded
to
eat
believe
I
outstanding
public debt and they have built their
far beyond the dream of any prereserves
cash
ceding generation.
of
Executive Director of the Council of
State Governments reported last year as follows:
"
States are In better
today the
financial
condition
any other
Just
time
than
they
have
been
at
tified
stabilise
to
'20' 8,
future in banking,
the
com-
when we had no effective shock absorbers.
Any man who wants a
Business Is good today.
Job can find one
perhaps not exactly the one he
-
even
or
wants,
Business
the
one
deserves, but a good
he
money.
Business
It came out of the veins and
To my mind, one of
arteries of a nation at war.
our gravest dangers In this period Is that we are
likely to regard this unprecedented stream of
The day may
State revenue as the natural flow.
come when the high peaks of the war period will
dim outlines against stark realities.
It
Just as it did ten years after the last war.
appear as
they
of
us
destroy
It;
spend
It.
they
that wars do not
that
States
good
employers also.
for
Host
hire all the labor they can
to
with
banker
the
Is
good.
The
banker Is the businessman's businessman.
When
business Is good for other businessmen. It Is
generally good for bankers.
Today It seems easy
to
dawn upon all
Is
glad
are
They are making money.
get.
This Is a grand record and the States today
are In splendid condition to render still greater
service to their cltlrens. We must never forget
that much of this accumulated State revenue Is
-
an era; we are now at the be-
end of
merce and business than we were at the end of the
But
not make money
Our present period Is also unlike the period
that period
described In this respect:
of them
than $6 billion."
-
America and
during the past "^alf-century
cumulated within the past two years and they
have Invested In Government bonds, more than
$k billion; and they now have In their unemployment compensation reserve funds of more
wealth
of
one.
have reduced their over-all Indebtedness by approximately 25^; In general,
they have maintained tax rates to assist In
they have acthe antl-lnflatlon program;
then
bankers
the
that
No matter
ginning of an era of peace after war.
what may lie ahead, we are Infinitely better for-
States
make
the sweat of his
the members of this Association should assume the
leadership as we descend from the attic of wartime revenues to the plateau of matching revenues
The
will
bread In
his
face.
marked the
blood
roughly
have been
In these ways the States
imately $160 billion.
to the national batpowerfully
contributed
have
They have retired large
tle against Inflation.
also
are,
speaking, two ways to make money, one by way of
I am a
the printing press, the other by work.
doctrine
work.
divine
of
It
must
disciple of the
and expenditures.
The
There
world.
the
In
past six years, have participated In an expanding
economy In which the national Income has Increased from $77-1/2 billion In 19'+0 to that which
approxla currently running at an annual rate of
amounts
discussion today as to the
I believe It Is the sound-
much
Is
for
surplus
presently
There
do
be
I
ances.
good
a
banker;
In
know that you are
1932
not
It
seemed
hard.
taken In by appear-
If you are, you are not real bankers, and
sooner or
later, both you and the public are go-
ing to find it out.
The fact Is that It Is Just as hard to be a
good banker today as It was In 1932.
It would be
even harder If your Government had not supplied
some very Important services that
lacking In the period of the '20'b.
The establishment
of
aids
to
were
utterly
navigation Is
one of the oldest functions
Government
has
of Government.
Your
made a tremendous contribution In
the past fifteen years In Installing constructive
aids to banking navigation.
October 1946
A-3
rirst, there
is
the rOIO.
The rSIC Insures
you that It will be your own aalllng, and not the
other fellow's whloh detersines whether you 0)*obs
the finish line.
The FDI0 does not Insure you as a banker
It Insures your small depositors
against loss.
Formerly, they were expected to
against load.
for
Judge
themselves the quality of your assets.
How, all that they have to know Is that your bank
gives them good servloe and that It la Insured by
confronted with a dilemma.
One horn is the liabalance sheet. A very small
portion of the funds which he employs are the
property of his stockholders.
Moat of them are
funds whloh have been left with him for safekeeping - funds which their owners consider to be
bility
side
cash.
The other
of his
horn Is the asset side of his
The community Is looking to him
to provide a portion of the funds necessary, not
only for Its working capital, but also for some
of Its fixed assets.
balance sheet.
the FDIO.
But, more Important
to
you as a banker, the
you against the oonsequenoes of the
mistakes of your small depositors - mistakes
whloh they used to make In the evaluation of your
In pre-FDIC days, many a bank went down
assets.
FDIO Insures
when It was really set on the right course and
would have paid out handsomely If Its depositors
had only given It a ohanoe. The FDIC Insures you
against depositor panic.
The FHA has contributed materially to the
solution of this dilemma, as far as housing loans
are concerned. Moreover, while It has Kide housing loans safe enough for conservative bank Investment, It has still left to the bank, subject
.
to the supervision of the FHA,
the responsibility
choosing them,
servicing them, and - when
worse comes to worse - of enferolng the liens.
of
The FDIO, the fflO, and the FHA are not the
new aids whloh the Oovernnent has Installed
In the past fifteen years to make banking a safer
only
The second Innovation of the past fifteen
The 8E0 liqjroves the visibilyears Is the SCO.
whloh you must navigate.
the
channel
In
of
ity
Many of you remember
the
bond
salesmen who
the '20' s.
They had a
whloh
turned
some of
out to be
line Qf bonds,
did
The
blue
sky was
of
which
not.
good and some
used to
on
call
you
In
his horlson.
Mo
one
ever heard of a registration state-
ment; and a prospectus might contain anything, or
If
more likely, might not be forthoomlng at all.
you Inquired too closely about an Issue, you
might be out off the preferred list of the
offering house. ^ Tou were expected to take a few
not-so-good offerings in order to get your share
of the eholce amd extra special ones.
The aSC has not dispelled the mystery of the
The future will always be uncertain.
future.
But the SKC has
given you better data upon whloh
to base your Judgments.
seller
of
It has required that the
seourltles find
about them and
out
the
I should have mentioned.
In passing,
the
separation of the functions of oommerelal banking
and of underwriting private seourltles. This was
effected
by
the
Banking Aot of 1933. In addiBanking Acts of 1933 and 1935 extended
the scope of the Federal Reserve System by broadening the definitions of paper whloh the Federal
Reserve Banks can accept as collateral, and by
providing an over-all control for the open-market
operations of the System.
tion,
the
The past fifteen years have also seen the
birth and development of the RFC. The RFC oommenoed operations as an emergency corporation,
called into being by adversity.
It did Its Job
well in the banking crisis. But, fortunately, we
now
have at our disposal instruments which are
designed - and which I believe are able - to prevent such orises, rather than merely palliating
them after they ooour.
real faots
that he reveal these faots to the
The HFC has now liquidated almost all of its
to banks and the greater part of Its
holdings of bank preferred stock.
It has shown
in this liquidation a record of whloh Its directors have a right to be proud.
advances
buyer.
Another Innovation In Oorernment during the
past fifteen years has made banking a less uncertain business.
and more certain business.
This Is the TBk.
But
The commercial banker Is and always has been
that
the
we must never lose sight of the faot
RFC was ereated to serve In a period of
Treasury Bulletin
A-h
grave emergsnoy and that Its
that of a stand-by facility.
greatest value
Is
In every great hour of cribrings before them.
sis
the people of this country have met the
,
When the ohlps are down, we always find
strength to respond to this nation's
test.
Finally, I should like to mention the change
which has taken place In the past fifteen years
In the position of the American banking system In
In many
respect to storms in the world economy.
respects,
this
change
la
the
most
l^ortant of
all.
Many of you remember reading In your newspapers In the Spring of 1931 of the troubles of
Xou also remember
the Credit Anetalt In Austria.
that the wave of liquidation, which started In
Austria and swept through Sermany and England,
hit the Onlted States In the Tall of 1931. *Kgravatlng an already growing domestic crisis.
Thmt Is the way the old gold standard worked. It
acted as a medium - almost a perfect conductor for transmitting crises from country to country.
by the monumental legislation of
1933 and 193^^, culminating In the Oold Reserve
Act, changed the entire character of the gold
standard and ended forever this exposure of the
American banking system to waves of liquidation
coming from abroad. In recent years we have gone
Congress,
and, through the International Institutions set up by the Bretton Woods Agreements Act,
we are now endeavoring to atop these waves of
liquidation at their source and to establish an
orderly world economy In which mil ferma of pri-
further;
vate trade and
investment
can
go
forward with
assurance.
I have not attempted to discuss the fiscal
This Important subject
policy of the Treasury.
will be fully discussed by Secretary Snyder at
the meeting of the American Bankers Association
only say
I shall
In Chicago on September Z*^.
that I am In hearty sympathy with President
Trmman and Secretary Snyder In their firm purpoa*
to balance the budget at the earliest possible
moment and to make provision as quickly as conditions will warrant for the beginning of an
orderly retirement of our public debt.
of
Sons
Ours
need.
am not » pessimist on the future of thla
I believe In the capacity of the Ammripeople to solve every problem that duty
I
ean
nation
built
on
the doctrine
I
agree
with Benjamin franklin
that
these who
give up essential liberty In order to seeure a
little safety deserve neither liberty nor safety.
I
do
not
know what our critics say about us, but we
pretend that America has a perfect system
Nobody knows better than our peoof government.
ple how Inefficient and reckless we sometimes
But the so signs are superficial and not
become.
Xou
fundamental.
this nation
Is
and
sound.
I
know
Its
that the heart of
Intentions and In-
stincts are In the right direction and are honest
and wholesome.
people,
not
It
Is
the
real
character of a
the occasional slips and falla,
that
ultimately determines the fate of a nation and
the terminal of the road upon which they travel.
omy,
In some way, somehow. In Ood's divine eoe»our country falls within the marvelous sim-
risher Ames when he said that a dictatorship Is like a battleship - beautiful In motion.
ile
of
Irresistible when under way, but a single hidden
reck may send her to the bottom; while Demoeraey
Is a raft - always In trouble, yeur feet are al-
ways wet, but nothing, thank Ood, can sink her.
lotwlthstandlng the Intimate relationship of
to our domestic economy, I
have not attespted to explore this field. To me,
there are certain eternal and universal principles in the relations of man with man and nation
with nation that should never be forgotten.
These principles were not created by constitutions and world charters
They Inhere in free
government Itself, for human freedom Is Impossible without them.
Among these rights there is
none more fundamental than this:
*le eltieen
shall be deprived of his life, liberty or propInternational affairs
.
erty except
trial
before
bunal."
nation.
a
Is
that nothing Is more precious than human freedom.
Covenant
vation.
by
an
To me,
the Judgment of the law and after
Independent and Impartial
this
tri-
represents the Ark of the
of our national and international sal-
October 1946
A-5
Treasury Market Financing During August
Hlttorlcal detail* of Traatupy Barkst financing operation* Involving bond*,
note*, and certificates of Indebtedne**, beginning with the Fifth War Loan,
are publlehed in the table* on page* 39 and 30.
Detail* of weekly Treaeury
bill offering* are *hown on page* 31 and 32.
Cash Pay-Off and Refunding
On September 1, 19'+6 there was a maturity of
7/g^ eertlfloatee of
indebtedness
million.
in
Secretary of
the amount
Treasury
announced on August 19, 19'*-6 that about
$2.0 billion of this would be paid off In cash,
and that an offering of new one-year 7/Sft certifof
$'^,336
the
Snyder
icates was being made, par for par. In exchange
Exchange subscriptions were
for the remainder.
received subject
an
allotted In
received.
allotment
full.
to
all holders on
except
basis,
amounts of
scriptions In
I9I+6
to
percentage
equal
that
sub-
$25,000 and less were
Cash subscriptions were
not
will bear Interest at the rate of 7/81^ per annum,
which will be subject to all Federal Income
the
Secretary Snyder stated
new
that
Interest on
certificates will be paid with the prin-
cipal at maturity, rather than In the form of two
semi-annual Interest coupons,
as
on
certificate
Issues heretofore. He stated that the purpose of
this change is to simplify the procedure and
avoid the inconvenience of handling coupons twice
a year, thereby effecting an economy In clerical
and accounting expenses to certificate holders,
the Federal Reserve Banks, and the Treasury.
The
change was made after consultation with the Fed-
eral Reserve System and
a
number
of representa-
tive holders of certificates.
The certificates were Issued
only, In denominations of $1,000,
$100,000,
and
$1,000,000.
In
bearer form
$5,000, $10,000,
Subscription
books
were opened on August 19 and closed at the end of
business on August 21, except for the receipt of
subs^rlotlons
from holders
of
$25,000
or less
of the maturing certificates, for which the books
remained open through August 22.
the
Secretary of the
On August 30, 19'^6,
Treasury announced that exchange subscriptions
for the new issue aggregated $'^,l'+5 million.
Subscriptions In amounts of $25,000 or less were
allotted In full In the amount of $39 million.
Subscriptions In amounts over $25,000 were allotted 5616 on a straight percentage basis, but not
less than $25,000 to any one subscriber, and with
adjustments
Reports to the Treasury on the ownership of
Government securities Indicate that on July 31,
19'*-6 about
78^ of the $4-. 3 billion of maturing
certificates
was owned by reporting commercial
and Federal Reserve Banks.
The ownership
figures for July 31 are the latest available.
Trading in the market after that date may have
resulted in some shifts In ownership between
banks and nonbank Investors.
It Is clear, neverbanks
theless,
that a large proportion of the cash paywent directly to reduce the
holdings of Oovernment securities by banks.
off
The new certificates were dated September 1,
September 1, 19''-7.
and will mature
They
taxes.
necessary.
Total allotments amounted to $2,3U'l
million with $1,995 million paid off In cash.
to
the
next highest thousand where
of
$2 billion
Total Cash Pay-Offs to Date
with the payment In cash of $2.0 billion on
on
September 1, 19'4-6,
the Treasury had paid off $15.5 billion on $30.7
billion of maturing and called securities since
the debt pay-off program began on March 1, 19l;6.
Thus, about 50jt of the total was paid off In cash.
The following table shows the amount maturing or
the certificates maturing
called for payment, and
offs.
the amount of cash
In each month starting with March.
pay-
Cash Pay-Offs on Maturing or Called Securities
March- September 19M-6
A-
table
The following
presents a reconciliation of
the cash pay-offs and the net decline In the debt
February 25,
from
September
3,
19^+6
to
August 31,
19'*-6,
and
19'^6.
Compoaltlon of Oroas Public Debt and
Ouaranteed Obligations 1/
(In billlonfl of dollars)
Feb. 28, Aug
191^6
Marketable interestbearing public debt:
Treasury bills
Certificates of Indebtedness and
0.90^ notes
Other Treasury notes
Treasury bonds:
Bank-restricted 2/
Bank-eligible.
Postal savings and
other bonds
.
Subtotal
31, Sept. 3,
19'^6
17.0
17.0
»v6.3
11^.6
13-'^
53. "^
36.5
62.2
53.5
65.9
199. S
186.1
Net change from
Feb. 2S (cash payoffs)
-13.5
Other public debt and
guaranteed obligations; 1/
Savings bonds
Savings notes
Special Issues
All other
y
Subtotal
^8.7
8.0
20.9
g-3
"^9.5
80.0
81
Net change from
Feb. 28
Total public debt and
guaranteed obligations
^
Net change In debt from
Feb.
2S
279.
6.7
23.
1^
2.0
191^6
Treasury Bulletin
October 1946
SUMMARY
OF
FISCAL
STATISTICS
Treasury Bulletin
Budgetary Receipts and Expenditures
(In millions of dollarfl)
/
October 1946
Public Debt and Guaranteed Cfbllgatlons Outstanding
(In millioae of dollars)
Treasury Bulletin
AND EXPENDITURES
AND
APPRO PRI AT IONS
RECEIPTS
I
.
..
..
.
.
.
October 1946
Budgetary Receipts and Expenditures
Table !•- Summary by Major Classifications
(Id all lions of dollars)
Bsoslpts
ft^enftltures 1/
app rop ri St i ons
to Federal
Het
Old- Ace and
receipts
SurriTors
I npurauoe
Trust Fund
Flecal yaar
or moath
Total
receipts
OoTemaant
Less net
Oross receipts
iDternal
revenue
Other
receipts
?J
Total
expenditures
Oeneral
y
Var and
Transfers
dflfenie
to trust
corporations
(•holly
aotlTItlaa
accounts,
etc.
owned),
• tc.
5/
6/
l^
19ltl
19'»2
5.2?"t
6,21)2
't.597
5.67>t
5.668
5.925
8,269
13,668
5.161
5.303
7.362
210
208
188
2T3
515
286
916
3,292
1*86
359
319
3I19
392
12.993
IW
22.
Hi, 685
igW
^its
19U6
"•7. Tito
Wi.239
19U5-Augurt
S«ptei^er.
October..
Bovember.
December
I9U6- January.
.
March
J^ril
May
Jvne
i
2.81*9
2.581
2,609
U,122
2,3110
.
1*.«1*7
2.383
3 •91*8
'•^^
8.177
7.239
8,707
8.998
12.711
6.6U1
5.985
7.313
7.109
6,079
869
1.103
1,260
1.283
1.201
12.799
22,282
1*1*. 1U9
32.397
78.17?
93. 7W*
100.397
6,005
5.635
63.711*
7.291
6.687
U.118
5.695
U.SSl
5.013
3. 819
1*,860
661
10/
10/12/
12/
m
"6,1(57
"•3.038
355
3.1*83
UjS
jMi
32
30
iioo
283
315
2
2.997
5.189
36
35
32
U2
205
52
2.530
12/
191
IU2
3.681*
2.37"*
2.310
2.308
1*5
It,l4g2
1*,080
35
2, 600
2,251
1*1*
305
2.717
2.1*91*
>io
183
379
6U9
367
1*2
8.730
1.6ii6
1*8,51*2
I.918
-7
-1.305
53.91*1
lit.559
793
162
3"
-63
75
U.293
1*30
6.399
5.367
5.126
i.226
1.201
i*.2l*5
6,1>*9
i.ao
787
1,1*00
2.560
2.182
200
95
3.066
2.1*1*2
5
2,691*
1,27"*
1.190
1.509
631
2,677
2.733
1*.'»79
U,268
3.86U
5.352
I.U90
265
3.61*1*
2! S3*
2.932
12/
3.11?
H
%
%
2/
%
%
iJ
23
13
1,381*
3.5"2
3,611
5.103
19.598
55.897
20,676
1.1*97
-1*32
3.165
2.208
895
-31
-75
-757
-1.902
18
187
-161
1.591
1.131
873
-870
136
1.105
38
6eu
2,028
11/
381
11*8
3.«'*5
10/
331
"35
556
2,702
2.550
5.71*7
Dally Treaeury Stateaeat.
Beginning vlth fiacal year 19l*5 certain rerlilone have been made In
thli table.
Bee "treasury Bulletin." September 19U6. page 5.
Szeludes amounts for public debt retirement which are chargeable to
the sinking fund, etc. under special proTlslons of law.
For further details, see Table 2.
7or explanation see tables which follow entitled 'Social Security
Program"
For further details, see Table 3.
For further detalle, see Table H.
For further details, see Table 5*
For further details, see Table 6.
Total expenditures less net reselpts.
For expenditures of QoTemment corporations, etc. (net) see tabla
on "Trust Accounts, Xtc. Receipts and Ixpendlturea* showing transactions in checking accounts of OoTsmaent agencies, etc. (net).
n/
225
187
232
3.1*17
15
3
61
283
608
929
1.029
1.206
1.657
6.301
26.011
72.109
87.039
90,029
3.678
158
138
5.583
2.99«
2.73't
Jnly
Annuel.
Source
Vote:
3,281
5-. 192
3,aug
3.875
5.762
.
rebmaiy
1*3,902
1I0.310
10/
10/
1/
5.029
5.855
5.165
5.387
7.607
265
387
503
538
5/
(il.t)
^
1937
1938
1939
Het
budgetary
deficit
1.01*2
-2l*3
1*99
Such
Includes recorerles of U. S. InTestments in capital funds.
recorerles totaled Vjh million In the fiscal year I9I1O: I319 million In the fiscal year I9UI; (18 million In the fiscal year 191*2:
and $10 million in the fiscal year I9U3.
Receipts from reductions in capital stock and pald-ln surplus
aTallable to be reissued under existing law are Included as negatlTS Items under expenditures.
Such reductions totaled $315 million.
Includee deposits resulting from the renegotiation of war contracts.
Information on the amount of such depoelts is not aTallable on the basis of Daily Treasury Statements. On the baais of
corerlng warrants, such deposits were as follows! fiscal ysar
191*3. (558 million: fiscal year I9I1I*. $2,235 million: fiscal year
191*5. $2.01*1 million, and fiscal year I9U6. $1,063 million.
These
figures include so-called Toluntary returns.
Table 2.- Analysis of Receipts from Internal Revenue
II
(In mlUlona ef dollara)
Xnoome aad profits iaxma
Fiscal year
or aoatb
Withheld tgr
employers (Ourrent
Tax Payment
Act of I9I13)
T»tal
iBploTnoBt taxmo
Social seoority taxes
Othmr
total
2/
2/
".597
19371938.
1939-
5.67"»
2.163
2.6"0
2.189
2.125
3. "70
2.163
2,6"0
2.189
2.125
3. "70
8.393
10,289
9.392
7.960
16,09"
26,262
2".88"
21, "93
3,""0
ftdaral Xasnrance
ContrihntioBs Act
(Old-age Insurance)
19"
51"
530
60"
691
253
^
ftderal Unemployment
Tax Act (Unemployment insurance)
Carriers' Taxing
Act of 1937
(Sallroad
retirement)
2.1815/
58
90
101
108
MlscellaneouB
internal
reTonoe
150
109
121
137
2.279 5/
2,232
170
209
267
285
283
3.8"7
".553
8
59
191*1.
5,161
5.303
7.362
191*2.
12.993
191*3.
22.1111*
191*1*.
"1.685
"3.902
"0.310
7.960
16.09"
3".655
35.173
30,885
2.8"9
".8U7
1,665
It, 208
1.200
768
2.31*0
1.593
1.52"
3.366
572
1.076
707
1,021
58
5"
3
1*U9
238
10
8
2.659
%
877
573
689
602
7
1
59
516
55"
1,086
658
2,201
51
33
13
5
1.701*
lt,180
310
200
18
107
1"
^
97
6i
61*9
61
269
3
11
1
61*2
7
1
6i
615
615
62
28"
2
10
2
8
695
679
191*0.
191*5 •
191*6.
191»5-Auguet
September.
October.
Ho7ember
December.
.
2.3«3
3.9"8
.
1*66
February
March
3."5l
3.68"
5.583
2.755
2.790
".838
April.
May....
2.310
2,308
1.603
1.118
1,1*07
1*1*2
June
1*.080
3.392
l."89
1.513
19l*6-January
.
.
July
Anguet
.
.
.
.
.
2.251
2,1*91*
71*0
833
925
1,186
l,"98
1.739
1.780
1.701
«96
1.130
1.292
1.310
1.23«
286
306
66
650
2.7"2
65
285
73
51"
1.070
97"
UU3
67
302
Daily Treasury Statement.
Less than $3^0 thousand.
f\irther details, see chapter entitled "Intemal Eerenoe Statletlca".
Szcludee receipt of victory tazee withheld pursuant to the Berenxie
Such receipts have heen claBsifled as "Other" income
Act of 19U2.
and profits taxesIncludes unjust enrlclaent tcix.
5
U/
Ptor
2/
^
98
120
158
180
185
180
12
2
1
2.31*5
2.967
6!9"9
7.725
For the period prior to Septemher 1939> the data in the colusms
entitled "Federal Insurance Contributions Act" and "Federal Unenployvent Tax Act* represent collections under Titles VIII and IX.
respectively, of the Social Security Act.
Includes less than $500 thousand in receipts froa "A^leultural
Adjustment taxes**.
Treasury Bulletin
Budgetary Receipts and Expenditures
-
(Continued)
Table 3.- Analysis of General Expenditures!/
(In olllions of dollars)
Veterans' Adulnlstratlon,
Interest on public debt, and
refunds of taxes end duties
Fiscal year
or Dontb
Total
general
expenditures
Veterans'
Interest
AdjnlnlB-
on the
tratlon
public
debt
2/ i/
other general expenditures
Refunds
of
taxes
and
duties
Aid to
agriculture
1/ il
Social
security
prograiD
2/
y
Public
works
1/
6.61*1
5.985
7.313
7.109
b.079
19U0
I9'»l
,
191*5- Aoguat
.
.
.
.
September.
October.
November.
December.
19U6-Jaiiuary.
February.
March
July
Au^st
.
.
557
557
553
1,01*1
1.687
1.751
181*
1,021*
510
851*
1,226
8OU
1,000
1*81
5.751
5.1*21
lt.327 11/
1.51*1
335
3*7
392
U57
91*1
91
l*.099
3.178
1,098
1,093
515
76
1,111
81*7
680
5^3
51*1*
529
'*33
590
692
M07
Sl*2
lU/
ll!/
61
2U
7I1
lU/
lU/
23
61*
ly
ly
7
68
66
67
iv
lU/
15/
238
150
1*6
787
387
281
133
1,022
162
82
56
"3
35
20
26
73
31
1,201
172
gu
817
1*00
1*30
791
660
2,028
582
220
255
318
309
118
53
18
61*6
251
209
193
813
65
50
32
17U
106
1.395
523
3S7
516
660
21*9
361
189
1,620
I167
1.215
11*2
1.103
1.015
lto6
1,1(00
3.066
2.1*07
1*96
2.69U
1.071*
1,271*
823
U63
512
1*15
9U
3.938
IMS
178
Ugi*
122
1*51
912
763 12/
998 IJ/
26
1*0
562 12/
550
37
1*2
23
58
1,573
163
18
970
299
1,37't
17
77
m
m/
w
w
W
73
98
67
1*6
101
118
loU
w
w
m
ij*/
l.lUl 15/
18S 157
11
10
lU/
W
W
ly
65
56
129
121
66
101
iw
67
77
283
257
788
1*97
23
1,021* 16/
167
lUl
125
138
129
511*
3^7
301
2,61*9
2,1*72 12/
1,895
1,1*76
2,21*2
525
99
6U7
262
1.707
3.027
386
326
290
517
5U6
110
112
93"*
10/
738
556
1,060
555
572
629
Miscellaneous
91*9
793
1,210
1.906
2,1*56
_
u
971
2,871
1,U90
April
Hay
June
1.561*
5.136
U,l*l6
56
59
66
1'».559
191*6
191*1*
866
926
3.500
6.258
10.620
19'«5
19'*3
581
582
1,260
1,808
2,609
3.617
U,722
6,005
5.635
6.1U9
8.730
19142
1.503
1.567
Direct
and
work
relief
2/
8/
a/
1937
1938
1939
Departmental
Civilian
Consernot
vation
otherwise
Corps
classified
W
ly
W
111 15/
. .
.
.
.
'
.
.
.
October 1946
Budgetary Receipts and Expenditures
-
(Continued)
Table 4.- Analysis of Expenditures for War and Defense Activities
(In BlllloBS of dollars)
Ml ecellaneoua war and defenie actlTltlet
Tlscal 76ar
or month
929
1.029
1,206
1.657
6,301
19I10
19U1
igua
26,011
72.109
87.039
90.029
19>»3
19lt»
15*5
1JU6
<48,5>t2
.
Savy
Dop artBent
sent
1937
1938
1939
19>t;-Ai>«iut
War
Dep art-
.
September
October
BoTflaber
.
378
U32
1(90
667
3.678
lU.OTO
'12,265
It9,2ll2
50.337
27,800
557
596
673
892
2,313
3 ,26U
1.659
IM
5.126
1.226
2.976
2,552
2,»76
1.590
1.239
990
559
1.566
881
736
331
8^
2,1»1«
i.>)65
1,190
1.509
300
675
8euree:
*
1/
2/
.
9.6i»5
TO»i
i.itao
l,2lt2
.
62
98
3.362
8.955
11.259
2.II19
2.560
2.182
July
August .
99
51
.5^
Tebmary.
Jlprll
1
99
310
3.
1,519
1,588
135
778
39
51
7*
62
153
133
122
60
as
33*
590
131
519
551
370
283
519
1.201
other war
thlted
latlons
Surplus
and deBelief and property fense aoto
tl Titles
Behabilldisposal
China
tatlon
agencies expenditures 2/
Admin.
Aid
132
1.105
1.922
2.0U2
1.367
161
90
191
88
70
63
52
695
20
8
12
(
13
6
7>t
5
t3
U
10
7
9
11
5
105
57
72
67
50
35
9
-X
u
3
I
5
2
U
a
-2
-13
10
1(8
3
-5
-3
Itll
12
It
Bally Treasury Statament.
Less than $500 thousand.
Includes war public housing funotioaa.
Includes war ezpendituree of Commerce, Jaetlce., Interior, Xeikor,
and State Departments; Clrll Service Coaslesion; IxscntlTe Office
of the Prealdant (including Office for bargency Managsnent);
Panama Canal; and capital Steele of Staaller Var Plants Corporation.
Includes Defense Aid Special Tund throu^ the fiscal year 19*3:
thereafter such expenditures are reflected within the reepectlre
departments.
2/
U/
108
929
2.776
3.812
3.227
69U
80
1
282
300
387
33
52
91
W15 U/
29
228
185
297
608
539
l.l»32
l.l»62
2
^^
2U
111
.
10
62
6I1O
War
States
ShipMaritime
ping
CommisAdmin.
sion
-6
5.581
3.'H7
2.702
2.550
Oil ted
1
15.161
5W
26,
30.0117
ll.2lt5
May
June
u
-6
6.399
5.367
l,i4S2
Agriculfederal Federal Hatlonal Select Ire Treasury
ture
Service
Security Works Housing
BepartSepartAgoncy (admlnlBAgency Agency
aent
ment
tratlTe)
696
2,011
2,lU3
1,198
l.OUl
8,sao
20,888
Beoeaber
Itareh
Total
al Boellaneous
war and
defense
actlTIttes
llH
-?6
u
17
50
2l»
>t
29
35
-3
200
llO
lIlO
lll»
120
6eu
J
382
795
991
.022
611
15
15
83
178
150
118
U2
62
13
36
59
112
72
78
60
7*
118
162
2
1>>
63
17
37
H
58
U6
50
3
1
33
57
96
91
3i
^g
27
23
169
3I
53
79
Claaslflcation changed to reflect eiq>endi tares for the fiscal year
19*6 under "Var aotlTdtlee*. Prior year e:q>«ndltureB are Included
under "General "
Payment of »370 million was mads on Doo. 29. 19*5, by the federal
Surplus ConBedltiee Corporation of the Bepartment of Agriculture to
the Commodity Credit Corporation in relnbursament for agricultural
commodltioa procured in conneotlon with the lend-lease program and
reflected In previous expenditures by the Cosmiodlty Credit Corporation. Total payments for the fiscal year I9U6 amounted to
$957 mlUlon.
Table 5.- Analysis of Expenditures for Transfers to Trust Accounts, EtCe
(
Ilaeal year
•r month
total
In millions of dollare)
Teteraaa
Adadnlstratlea
Social
Bseurlty
program
1/2/
1937.
1938.
1939.
19*0.
19*1.
6oe
225
ur7
232
331
557
19*2.
19*3.
381
*35
556
19ltU.
19*5
19*6.
e^>loyeeB'
retirement
funde
(D. S. share)
10
87
93
1.918
1
30
101
1.126
1.38I
1*5
221
27*
318
302
103
107
177
197
2*7
162
3*
162
3*
October.
HoTember
Becember.
38
19U6-Januai7.
February.
March
681)
6*7
llt£
11*8
23
23
May...
June-
200
95
5
162
95
July...
August.
631
13
226
13
Aid to
agriculture
i/ */
Federal
contribution to
District of
Columbia
*7
73
ik6
107
121
132
1.6146
19*5-Ang«at....
September.
OoTemmant
75
U
91
126
71
-3
37
.
.
^ril.
Source:
38
5
Dally Treasnry Stateaent
Less than $^00 thousand.
Additional tranBactions are shown In Table 3.
Comprises Adjiieted Serrice Certificate Tund and the latlon&l Serrica Life Insurance Fund, adstloistered by the Teterans' Admiciatra^
tlon.
2/
37
Includea railroad retlrenent and railroad unei^loyment aetlTltieB.
17*
h/
223
Vor further explanation see tables wbloh follow on social security
prograa.
Bepresests transactions 1b coBBodlty food staqps by Departnent of
Agriculture.
Ihla actlrity formerly cane under the Office of Distribution and prior thereto mder the igrlcultural Haricetln^
Adnilnlstratien.
Treasury Bulletin
a
Budgetary Receipts and Expenditures
Table 6.
-
(Continued)
Analysis of Expenditures of Government Corporations (Wholly Owned), Etc. (Net)
(In millions of dollars)
Beconstruction finance
rederal Public Home Owners'
Federal
Corporation 1/
Coomodl ty Ixport-Iaport
Housing
Loan
Houelng
Baak of
Credit
Var and defense
Authority
Corporation
Admlaistratlon
Corporation Washington
actlTlties
riBcal year
or BODth
-7
-1,305
19ll5-Aa£aat
.
.
-63
75
.
September
October.
Sovemher
Dec ember
.
.
-31
-75
-757
April
May
June
1«
187
-161
July
-«70
136
19^^6- January
.
February
March
Aagast.
Source;
*
1/
2/
.
.
..,
1*72
328
-23
-3
-7
-3U2
-159
1
-SI
-22
63
57
-1
17
1
-229
-31
-23
-21
31*
-21
-76
15
-165
118
-3^
-U
-2
-22
Jt
2l>
3
-1
-'3t
-3
-1
1
-21
-3
-2
-lU
-k
1
-2
137
5U
-62
-*7
-39t
.
-106
-323
-?75
12
-5
-20
1*712/
-1.01*1/
-2
-2
-1
-10
9
5
5
-2
-1
-5
-1
-631V
2
-9
-39
li^
-151
-11
-66
20
-2
-3
-3
2
-53
6k
-15
lit«
-1
-11
-1
-2
3
-22
-22
-25
-2
-18
3
2
-22
-2
-6
-1
^
hj
85
-31
-3U
-18
1
-33
28
-21
-2U
9
11
Dally Treasury Statement.
Lees than $500 thousand.
Includes transactions on account of RFC Mortgage Company. Federal
National Mortgage Association. Office of Metals Hesorre. Office of
Rubber Heserre. Office of Defense Plants. Office of Defense Scq>plies. U. S. Commercial Company, War Damage Corporation, and Rubber
Bevelopment Corporation.
Payments of $957 million have been made during the fiscal year 19w
by the Agriculture Department (charged as war and defense actlTitlei)
to the Commodity Credit Corporation in reimbursement for agricultural
commodities procured in connection with the lend-lease program and
Rural
Zlectrif ication
Adnlnistration
12
2
reflected In previous expenditures of the Commodity Credit
Similar payments during the fiscal year 19^ amounted
Corporation.
to $1,182 million.
Represents peymoit to Commodity Credit Corporation under act of
February 18, igltfi.
The act of July 20. I9I46, authorised the Secretary of the Treasuiy
to cancel notes of the Commodity Credit Corporation in the amount
of $921 million for the restoration of Its coital Impairment.
This amount is treated as a general e^qpenditure with a correspondetc. (net).
ing credit under Q«Temment coxporations (wfaolly-owned)
,
Table 7. - Total Budgetary Receipts and Expenditures by Months, Beginning with 1937
(In millions of dollars)
Calendar year
ipr.
Jan.
May
July
June
Aug.
Sept.
Met budgetary receipts 1/
1937.
1938.
1939.
I9MO.
29I*
230
308
271
315
&
191*1.
31*0
5tl
23?
igits.
19't3.
578
788
191*1*.
2.71*7
191*5.
3.556
3.8I9
191*6.
758
955
2,503
3.767
3.678
967
916
687
799
1.566
318
262
290
373
5.7't7
367
273
265
771*
yA
too
61*9
565
391*
1.276
1*13
2.1*92
l*.569
7U7
2.007
2,163
2.695
2.539
3.5't7
5.206
6.573
6,892
828
557
1.51*
3.087
2.929
2.677
1.480
2.950
3.085
2.733
1*12
41*7
6.2U7
2;279
397
587
2,721
2.568
2.997
7l»7
678
676
711
1,135
300
286
350
361.
823
672
521
5,798
5,650
279
362
56U
7110
5,8*
1.212
8.81*9
16,1*03
3t,55'*
ItU.Usi
U6.0l*6
292
2.527
607
5.*7
2,030
2,001
2,530
5.926
5.189
601
2,099
2,701
5.736
2.21*0
5, "lie
2.371*
U.118
lt,918
2.1*31*
Budgetary expenditures 2/
539
51.6
1*92
1*71*
656
712
1.111
612
668
1,075
191*5.
2.628
6.372
7.570
8.239
19116.
l*,86o
2,629
6,119
7.862
7,281
3. '35
1937.
1938.
1939.
19«0.
191*1.
191*2.
191*3.
19I*'*.
766
705
820
822
1.399
3.1*21
695
631
730
783
1.315
8.525
9.266
3.753
7.U66
7.859
7.901
3.81*5
lt.268
7.351*
1.253
930
635
517
566
632
718
691*
895
]^
771*
71*1
647
l.lUl
887
1.528
818
1.598
706
1.529
759
565
737
721
869
I.87I*
2,083
3.953
'*.530
8,327
8,625
9.752
5.352
5.160
7.112
8,100
8,821
5.215
7.617
5.931
7,535
7,902
6.687
5.937
7.1*35
511*
8.292
9.112
3.86U
3.61*1*
get budgetary deficit
1937.
1938.
1939.
300
198
19'K).
191*1.
316
166
385
398
771
2l*5
224
534
19'»2.
2,050
191*3.
19ltU.
5.581*
1*.823
1.871
5.164
5,35?
191*5.
U.683
3.51'*
19U6.
1,01*2
-243
Source:
Note:
1/
-200
-212
132
22
-167
-126
2.147
1.952
2.373
-1.902
1*25
517
479
750
224
193
348
247
747
3.058
5.952
4.772
4.972
1.591
3.391
5.955
5.342
6.028
1.131
369
Daily Treasiixy Statement.
Beginning with fiscal year 1945 certain reTieions have been made
in this table.
See "Treasury Bulletin." September 1946. page 5.
Totel receipts less net amounts transferred to Federal Old-Age
8,^1*1*
7,291
2,932
7.%6
8.135
5.695
-115
|J02
65
442
237
252
487
1.185
258
48
.133
739
2.037
3.758
2.378
3.838
873
4.413
5.105
5.937
6.126
1.105
.628
.896
3,4o4
2.087
1.976
1,M97
2/
2.51*2
6.363
7.839
7.9^6
6.500
56,020
7.1*52
8.1*20
88,081*
11.581
5.013
89,6>H3
-188
157
1.956
m
105
195
1*99
y
7,751*
e.097
8,885
9.657
19,053
6U8
817
1.858
97.578
^
268
451
156
339
635
830
832
1.172
z6
.776
.293
499
llO
536
1.637
296
284
455
1.294
432
1.329
5.331
5.426
6.134
3.165
5.761
5.740
5.706
2.208
3.799
1.716
3.004
895
and Survivors Insurance Trust Fund.
Xxcludes public debt retlrsDente.
Total es^endlttires less net receipts.
2.4I17
3.967
3.821
10,204
39,618
53,530
53,157
1*3.594
October 1946
BUDGETARY RECEIPTS AND EXPENDITURES
194
Office of the Secretary of the Treasury, Division of Research and Statistics
1946
B-I68-I
10
Trust Accounts, Etc. Receipts and Expenditures
(In oilllons of dollars)
riBcal year
or month
Treasury Bulletin
.
.
.
October 1946
11
Means of Financing Cash Requirements
(In Billions of dollars)
iBount required to be financed
Fiscal year
or month
Total anount
required
to be
financed
Het
bud^tary
deficit
Het decrease
in public
debt
Means of financing
Set Increase
In General
Tund balance
Het
expenditures
in trust
accounts.
Total aBount
financed
lacreaee in
public debt
etc.
1/
Het decrease
in General
Tund balance
Set
receipts
In trust
accounts.
etc.
2/
1937
1938
1939
igte
3.1"*?
l.3«'t
igiti
5.99''
u.ieu
3.611
iskz
l<6l
3.
1.38it
If
3.611
5.103
Vi
19.598
55.897
19'I5
58.1170
'•9.595
53.9'»1
19U6
21,200
20.676
It.llOT
".293
19''3
iShk
19U^-<iii«ust....
SepteBber.
October. .
NoTeDber.
DecoBber.
19'*6-JanuAr3r.
.
Tebmary.
3,368
3,gl(0
12.773
1.3'*9
March
327
1.593
i^rll
n«y
Jvne
3.705
2.1*7
July
An^flt
2.257
1.223
Source:
Hole:
1/
'».298
S.l"*?
1.38't
622
Iks
5.99't
358
3.506
i,s6i
23. ''61
••.051
(•k.m
23.1161
6li,27U
6lt,307
52"*
58.670
21.200
57,679
10,760
U.lt07
956
''.529
980
3.165
2.208
895
203
llU
20
1.632
11.558
53"*
3.201
1.591
1.131
873
2.1l'l
1.105
.152
1*99
72H
760
3,275
2,528
5.996
7't2
6.515
10,662
l.'*97
1,0U2
-2U3
-1.902
U,i6U
3.611
2.6U6
1,316
3,161
Dally Treasury Stateaent.
Beglimiag with fiscal year igU^ certain roTlslone hare ^een Bade
In this tal)le.
See Trearary Bulletin," September I9U6, page 5.
Sxcludee aaounts for public debt retirement which are chargeable to
the Blnldng fund. etc.. under special proTlslons of law, and beglnnln^ with fiscal year 19^i includes QoTernaent corporatlooa
2/
6U.27U
128
338
967
506
890
136
791
10,1*60
3,651
2M7
2.697
319
3.368
3.8U0
12.773
307
36
295
1.369
327
1.593
265
3.705
2.Wt7
6,298
3.633
2,398
6,298
2.257
1.223
2,209
989
3,321
3.526
12.773
772
327
U7
315
577
1,593
272
U8
2J,k
(wholly-owned), etc. (net).
Conq^rlees trust account!, ebeclring accounts of Oovernment agencies,
etc.. increment on gold, seigniorage on silver, miscellaneous funds
and accounts, and beginning with July. 19U6. a clearing account fo^
outstanding checks.
Increment on gold excludes expendlturee for
national bank note retlrenents.
Treasury Bulletin
12
Expendlturea
Social Security Program: Section I.- Budgetary Receipts and
Table 1.- Social Security Act
(In
mllllou of dollaro)
Becelpta
Oroas raeaipta
Social Saourlty taxaa
or Boath
Total
raloral Oaa^loTBait
Tax Act
(OhaaplayBaat lAaoranoe)
Tadaral I&auraBca
CoQtributlona let
(Old-aga iBsoranea)
19112
igit?
60U.U
631.2
712.2
788.2
1,015.6
1.288.9
191A
wits
1.1172.0
i.Ugit.s
igiis
l.UlE.l
19I10
1941
.
57.0
llov«m1)sr.
2>I8.0
October.
Deoooiber-
7.7
19U6-Januax7.
Tebniary.
March
1*6.1
306.5
31-9
ifTi.1
Na7
Jtma
July
Igguat.
. .
2/
90.1
100.9
107.5
9T.7
119.9
158.4
179-9
184.5
179.9
387.0
503.0
537-7
661.3
868.9
1.103.0
1.259-5
1.223.0
1.200.8
217.4
128.2
174.5
126.9
146.7
185-9
212.5
211.5
2B5.S
U.7
12.1
1.8
283-3
2.3
14.5
4.2
54.4
237.8
6.9
2.6
10.3
5I.S
23U.9
.8
4.1
5-t
13-1
3-6
32.8
199.5
18.4
13.3
107.0
13.6
196.2
15.1
l6.6
110.3
16.9
56-9
26;.i
2.8
S.9
1$.0
5.3
61.1
283.4
3.2
11.0
5IU.4
530 -U
60U.7
690.6
895.6
1.130.5
1.292.1
1.309.9
1,238.2
S«ptaabar.
let
racalpto
1/
1/
193«
1939
Xaai aaonnte eradltad to
lalaral Old-iga and
SarrlTora Xnauranca
Traet Fund
63.8
280.1
8.1
268.9
6.6
3.0
11.2
1.4
64.6
294.3
62.3
284.3
2.2
10.0
60.
217.11
l^andltnrea
Oranta to States
PnbUe
Social 3eciirlt7 Idmlniatratlon
neeal year
or aonth
Total
idainiatratlTe
amaneea
Ihieaplo/-
Total
01d-ae«
ment cod-
ance
p en Bat ion
EUtminle-
Aid to Aid to
the
as b1 st- depandont
children
blind
tratlon
20.0
21.3
25.3
31-5
31-5
33-3
32.1
31-9
38.8
271.5
320-3
356.5
415.2
469.6
491.1
488.0
451.9
498.4
60.6
23-3
3-2
56.9
19.4
72.0
30.9
36.0
31
68.2
27.1
32.U
47.4
21.2
26.2
64.6
49.5
31-3
2-7
61.7
41.0
34.9
21.3
65.4
41.1
22.1
3-3
97-3
3.0
2.0
332-5
343-3
384.2
-IS9.4
50U.4
527.2
524.2
491.3
1938
1939
1940
1941
1942
19>t3
1944
19H5
1946
194$-Ai:gu>t
September
Oetobar.
.
^Tanbar
.
Cecanber.
1946- Jannaiy
.
.
.
Tebmary.
March
^rll
May
Jvna
Joly
Angoat
Soorcet
*
1/
2/
j/
}*/
.
-
'15.3
31
n
li
182.2
208.8
227.6
260.1
360.6
333-6
361.2
6.2
7.1
8.0
8.5
10.3
10.0
10.3
'•5-3
7-6
1.6
14.2
2.1
.2
T-1
1.5
27
.8
8.6
1.4
2991
61.6
37.4
18.2
42.2
28.6
9.9
94.0
63.1
33-7
42.8
5-2
25-5
31-0
45-4
63.2
69.4
67.3
57-0
52.8
59-3
5
41.9
58.9
58.3
63.0
70.3
55.1
Patllc
health
voA
5/
Sxeeaa
of
Sapartment of I«bor
Health
Serxlce
Maternal
and child
health
BorTicea
89
3.8
8.0
9.4
U>.8
11.4
10.7
u
Serrlcee
for
crippled
children
2.7
3.0
Child
welfare
serrlce
U.
S.
Heftmda
of
taxaa
Staployaent
tvrea
u
Serrlee
i/
1.4
1.5
1.5
41.0 el
1.8
115.1
315.1
209.7
322.5
357.S
3&1.3
311.7
279.«
326.1
5.5
u
6.5
6.2
4.0
5.8
3.8
6.3
J.1
1.2
2.3
.4
.4
.2
11.8
1.2
1.1
.2
.2
.6
.3
.9
.1
.5
.2
7
.2
.2
1I8.0
.8
.1
1.1
-60.8
ih.k
36.3
34.2
55-6
3-2
:l
9.5
2.8
1.0
5-1*
10.9
lO.T
.2
i:i
1.6
1.4
1.4
1.3
20.7
1.3
2.6
3-5
2.8
4.2
.1
•5
.8
•5
7-9
1-3
8.3
-U
5-3
1-5
-9
.2
i.l
.5
12.8
1.8
1.0
6.3
a^anAi-
M
H6.0
19.0
66.6
17.8
32.H
58.5
26.1
16.8
16.0
9l^.l
.1
3>*.3
Dall/ TraaBur7 Stateaent.
Leaa than $30 thouaandTonerl/ Title Till of the Social Securlt/ let.
Includes anoonts equal
Toimerl^ Title IX of the Social Saciu-lt/ Act.
to appropriatlona to fiallroad nasaplo/nent Insurance Administration
Fund equivalent to aaounts of t&zss collected with respect to the
period froa January I936 to June 1939< iQcIutlTe, from saplojers subject to the Railroad Uneaplo/ment Insurance Act (See Table 3 of Section I).
Prior to January 1. 19^^. figures represent amounts transferred to
yron January 1 to July 1, 19^^ "Transthe 01d-A«e Esserve Account,
fers" wars nade to the federal Old-A^ and SurvlTors loaurance Trust
Subsequently receipts have been deposited in the Qtt^sral fund
ISind.
of the Treasury and "appropriated" directly to the federal Old-A^
and SurriTora losuranee Trust Vund. Aaounts shown as transfers reflect deducclonB oade for reimbureeaent to the General fund account
to coTer admlnistratlTe expenaes, wiiicb are shown as expenditures in
Section II. Table I.
Includes only expenditures from appropriations made specifically for
adniaistratlTe expeneas relating to the Social Security Act; nasely.
Social Security Adalnlstratlon, Departnent of Connierce. and Departaent of Labor; and adalnlstratlTe expenses relDbursed to the General
fund of the Treasury under Section 201 (f of the Social Security
Act, as amended.
Beginning July 1, 19^^. includes also admlnistratlTe expenses under the Wagner-Peyser Act.
Ixcludes admlnistratlTe
expenses payable from other ^propriatlons, principally for the
following agencies: Bureau of Internal Eevenue of the Treasury
Department, and Public Health Serrlce and Office of Xducatlon of
the Federal Security Agency.
Beginning July 1, 19'^^. paynents previously made under the Social
Secxtrity Act were discontinued, and thereafter made under proTlslons of the Public Health Service Act of I9UI1.
Classified as "Xxecutlve Office. Office for Imergency Hanageaent.
War Manpower Coamlsslon" through July 3I, 19^Covered by appropriations by Congress.
Second Deficiency ^propriation Act, fiscal year 193S. appropriated
$Ul million for refunding to certain States portions of federal employers' tax for 1936 collected under the Social Security Act)
.
.
•
.
October 1946
u
13
Social Security Program
Section
I -
-
(Continued)
Budgetary Receipts and Expenditures - (Continued)
Table 2.- Railroad Retirement Account
(la lllloa;) of dollars)
Receipts
Titoal /ear
or Bonth
Bxpenditures
AdninlutratlTe
expenses
Carriers' Tazlne
Act of 1937
Transferc to
Railroad Hetlre•at Account
(trust account)
X50.1
109-3
121.0
136.9
170.0
208.8
267.1
285.0
282.6
1938
1939
I9U0
igUl
I9U2
I9U3
I9IA
I9U5
191(6
19lf5-iagMt
Septem1}er
Ooto^r
Hovenilwr
DBcenlier
19U6-JMmar7
nluuar^.
1I49.O
123.3
128.2
1U8.3
220.2
265.3
311-3
295.
8.3
59.U
.1
1.5
«.5
5«.5
37-2
5-1
37."
7.6
5.U
11I0.9
21U.8
262.7
308.8
291.9
2.5
.7
11.
.1
.2
1.1
-1.8
26.3
12.8
37.0
Hi
.3
-5*2
.2
.2
July
165.5
in^iut
-1.1
-8.2
-59.1
370
32-3
-i2:f
39.0
1.3
1v
2/
2.3
-8.7
-21.6
.2
.2
J^irll
*
.1
.1
107.1
120.7
uit.u
txoess of
expend 1 tuxes
.1
Jmu
1/
lii6.it
3
March
Source;
2.6
2-9
2.6
3.8
uo.o
Refunds
of
taxes
38.0
37-7
-5.1
-65.0
165.2
163.2
-7.»»
.2
Ebllx Treasury Stetenent.
Less than $50 tfaoueand.
IncludeB only eipendlturea froa approprlatlcaa maim epedflcall/ fer
2/
adBlalatratlTB •xpanses relating to the Sallroad Betlrenent Act.
CoTered jby sfiproprlatlone froa the 0«neral fkmd of the Treasury.
Table 3.- Railroad Unemployment Insurance
Act^
(In ailllonB of dollarB)
Receipts
Fiscal year
or Dontb
Sxpendltures
AdnlnlstratlTe ezpenBes (Railroad
Uneoploynent Insurance Administration
Railroad unemploy-
ent
instirance
contributions
2/
Tuud) 1/
1938.
1939.
.5
1..9
igiio.
6.8
8.5
10.3
12.1
13.2
12.9
I9te.
19''3.
19W.
I9't5.
19116.
19ll5-ill«B9t ....
Septeober
October
.1
Decem^r.
March
3.'»
7.5
2-5
2.2
J'
6.0
3-2
3.7
11.7
8.9
9.6
it.l
-2.1
-2.1
2.7
-.6
.2
.1
.3
.3
.k
.H
3-2
.3
.3
.3
-3
.1
.2
.2
.2
-2
.2
.2
-2-9
31
.1
19l»6-J8nnary.
yetomaiy.
8.2
1U.9
12.6
13.1
5/
•5
.1
.5
5.0
5-0
Excess of
expenditures
.3
.3
.
Boveiiber
Transfers to Railroad Unemploynent
Insurance Account,
UnesiployBent Trust
Fund U/
-2.8
.2
-2.9
3.1
.3
-3
.1
.3
.3
•3
.3
•3
.3
.2
-3
-2.7
Jttly...
9-7
Attest.
.5
.5
•5
j*ni.
May...
June..
ee:
*
1/
2/
31
Call/ Treasorj Statenamt.
LesB than $50 thoasand.
Operated as Ballroad Uhemploynent Xneuranee Ajlminletratlon VhndBepresentB 10^ of contributions under the Ballroad UnenploTsent
Insurance Act; the remaining 90^ is deposited In the Ballroad VaOBplOTvent Insurance Account, Unenployaent Trust Aind (See Section
Xxeludfis aaiounts appropriated to Ballroad UnemployII, Table 3).
ment Insurance Adnlnlstratlon Tend eoalTalent to aaounts of taxes
collected for the period January 1936 throng June 1939 from employers subject to the Ballroad Unanployment Insurance Act. Rieee
asounts e^eregated $17.7 nllllon and vera distributed by calendar
^J
H/
5/
9-2
9.7
.5
years, as follows: I936. $2.7 nllllon; 1937. $5-3 nllllon: 193«.
$6.8 lllion; and for the first six months of the calendar year
These amounts are Inclnded In Table I under
1939. $2.9 million.
Inderal Dnemployment Tax Act (unemployment insurance).
Includes only expenditures from appropriations made specifically
for admiulBtratlTe expenses relating to the Ballroad Unemployment
Insurance Act.
BepresentB excess funds of the Ballroad Unemployment Insurance Administration Ftmd (under Act of Oct. 10, 19ltO).
Oorered by appropriations by Congress.
Treasury Bulletin
xk
Social Security Program
Section II
-
(Continued)
-
Statements of Trust Accounts
Table 1.- Federal Old-Age
Survivors Insurance Trust
eind
Fund-l/
(CmBulatire froa organlza^'.ioB - Xn ullllone of dollara)
ipendituroB
BaceiptB
hd
yax
of fiscal
or aoath
Total
reeelpti
i^proprut'
tiono b7
Con^oBs
total
laTOBtments
aipawil-
ItnroB
Old-ago
banaflt
pvyments
Unexpendsd balance
SdlarlBB,
Belm^TirBOBent
Buroaa of
for
01d-a£e and
adjnlolBtratlTo
SupTlTorB
azpenBBB 2/
InBuranea
lanat-
Iq Oanaral
antB
fond
3/
782.7
1.199.6
1.792.1
2,536-2
1938
1939
WW
19IH
igte
3.'502.8
765.0
1.155-0
1.705.0
2.393-1
3.288.8
aS.i
5.U
19.3
U7.4
138.6
275-6
1*52.
17.T
87-1
llJJ.l
19.3
35-1
99.5
209.8
359.1
5H3.7
783-5
WH?
5.720.7
M9.
301.1
01.5
191A
6.U6.0
669-6
7.5't9.8
5^.5
936-'»
8,935.«
5.'7U
7.021-3
8.259.5
toU.
t-7
19>i5
676-3
1.29't-'>
i.ioft.o
8.935.8
8,998.1
9.282.5
8,259-5
8,321.8
8, 606.
676.3
676.3
676-3
1.29i»-'t
i.iou.o
1.137-3
1,171-9
19116
19116-^11110...
July..
Anfloat
Source:
*
1/
2/
1.328-7
1.366.9
l^ly Treasury
StatamaQt.
Laaa than $50 thouBand.
laclndaa tranaaotloaa effected undar the predocassor Old-Aga BeeaiTa
Account
Under Section 201 (f) of the Social Security let amandBenta of 1939.
12-3
39-1
65-9
93.
126.S
152-?
190.4
662.3
1.177.2
1.738.1
2.38D.6
3,201.6
U. 236.8
113.0
52
20.1)
2l>.5
5,ltlt6.ll
5.1)08.9
6.51)6.3
7.51)8-7
16.1
32.0
53-5
21 .(
7.5't8.7
7.5'*8.7
7,51*8.7
6b.'
3ii),o
5S.I
52.8
7.6ltl.l»
7.6U1.H
191.3
192.3
]ij
T77.2
1,180.3
1.7UU.I
2.397.6
3,227.2
U, 268.3
6,613.1*
i90.lt
7.669.1*
2-7
Xn dlabaralas
officer 'B
aocoutt
7.915.5
1.9
.1
d
I:?
10.8
U9.2
•19.2
Under prorlalons of the Xiahor-Tederal Security ict. 191)7. aalariafl for the Bureau of Old-Age and SurrlTura XuBUranoa are payable directly from the Tedaral Old-A^a and Surrlvora Xnauraaoa
Truflt Fund.
Table 2.- Railroad Retirement Account
(CunulatlTa froa organization - In Billions of dollars)
Z^enditurea
BaceiptB
End of fiscal
year or month
Total
receipts
Jlppropriations
by Oon^ress
Interest on
inTestments
^expended balance
Benefit
payment
InTostaeatB
In Oeneral
rand
1938
1939
11)7-9
11)6.5
26s .1)
191*0
191*3
390-8
506.9
650-9
871-5
26U.g
3SU.9
191)1)
1,11*1).!
191)1
191)2
19U5
1,1)68.1
191*6
1.780.1
19l)6-Juna
1.780.1
July
luguat
Source:
2,078.1)
2,078.1)
1)98.5
639-I*
851*.
2
1,116.9
l,U25.7
1.717-8
1.717-g
2.016.1
2,016.1
.n
68.1
82.7
92.1
87-0
U.6
5I16.1
10l).8
17-3
27.2
676.6
811.0
952.5
I9U.9
333-0
515.6
675-7
7U.0
91.5
178-0
3I8-5
500.5
657-0
675-7
959.0
9M).9
657.0
8O9-5
796.0
1)2.
62.3
i.iou.i)
62.3
62.3
I.IOU.I)
1.119.1*
62.1)
1.133-6
IKLly Treasury Statenent.
Table 3.- Unemployment Trust Fund
(CuonilatiTe from organization - Xn millions of dollare]
End of fiscal
year or moDth
66.2
67.2
79.8
185.6
298.7
D19.9
l.U
3.6
79.'*
.2
13.2
10.8
2-5
k'.l
1.1
In disbursing
officer 'a account
1.6
2-3
1.8
10.5
11.7
12.8
13.U
-5
-9
l!)-7
-9
17.8
16.2
15.5
133-3
133 -"*
17-8
;
October 1946
^5
Cash Income and Outgo of the Treasury
Table !•- Cash Income and Outgo, by Major Classlf icatlonsJ^
(In llllons of dollars)
19^5
tag-
Sept.
1.665
306
877
U,208
66
573
30
315
5.192
eiSB IKCOHE
Bad^tary:
iBtamal r«7«Bu*i
IDCOB0 and profits taxoi
Kaplajraent taxas
Mlse«llaneout lotemal rvToouo.
CuatoBi
Othor
Subtotal
Traet funde
32
399
3.280
etc
th«iq)lo7*ant Troet fund (depoalta ly States and
.
.
Railroad Batlrement Board)
Other trust ftinda and aoconnts
Sotototal
,
,
Total oaeh Income
,
OUTGO
Budgetary:
War and defense aetlrltles
Veter&DB Adstnl stratlon
Pttbllc works 2/
Aid to agriculture
Social securl ty prograa U/
Interest on the public debt
OoTemoent corporations (wholly-owned), etc.
JSi.
ToT
3.713
5.597
6.399
110
.367
112
29
26
CJLSE
*
^
^
36
61
67
2U
596
(not);
BecoDttructloD FlcAnca Corporation:
tfer and dafeDsa actlTltlaa
Other
CoBiDodlt7 Credit Corporation
Other
Other 6/
Subtotal
Trust funde, etc.:
Oneaploynent Truet Tund
federal Old-A^e and SurrlTore Ineurance Truet
Tund
fiallroad fietlreaent Account
Other 1/
Subtotal
Redemption of adjusted serrice bonds
Redemption of excees profits tax refund bonds...
57
17
5^
-2U9
1*19
7.073
-53
_i5i
6,581
23
12
711
1ST
"So
Ik
Total cash outgo
TTgr
ITCTT
IXCISS or CASE OOTOO
it.iUi
1.052
1.593
58
689
36
20I1
2.581
Treasury Bulletin
16
GENERAL
FUND
OF
THE
TREASURY
..
..
•
.
October 1946
17
Assets of the General Fund of the Treasury
(In mllllone of dollars)
Ikd of flBCal
year or aontb
Bullion. coId,
and ciuiency
1937
193«
1939
iguo
I.B63
827
19'tl
2.709
2,lH9
3.0S7
2.03«
2.812
19U2
19^3
3.UU3
10,lli9
19W
20.775
19^5
25.
19't6
1U,70«
igtS-Aaguet
September.
19. 018
October.
U9
16.582
Depotlts in
federal Reserve
Baake
Special deposits
account of Bales
of OoTenunent
secxirltiee
(War laan aeeoTiate)
Other dapoBlts
and collections
lUl
61*9
929
1.022
25U
611
776
95
l,02lt
805
661
105
1U3
897
911
820
708
MOU
603
1.038
1.1*2
1.500
1.006
1,679
7.667
18.007
22.622
12,993
265
533
507
289
305
581
57U
1,300
1.755
13,989
1.19'*
87U
55
52
16.871*
!f5
265
.
13.307
lU.sitg
1,12U
1.372
December.
26.520
537
523
527
11.189
fioTember.
1.67'»
21*. 01*1*
275
19U&-Januaiy
February..
March
25.851
ugo
1,011
1,209
2. 160
aU.o?)
320
.
.
12.691*
26.1tlU
1199
2lt.7'*3
U6k
April
May
Jtme
21.293
18.859
kik
iiou
I.I2U
1,230
1.006
19.502
llt.708
July
Ao^UBt ....
12,1M
iioit
ll.Ujl
U16
Souroa;
M07
2U,
1*1*7
a, 776
16.91*9
253
273
12.993
305
702
10.961
872
9,81*2
377
301
Oally Treasury Statenent.
Br.lance In the General Fund of the Treasury
(In millions of dnllaXB)
£nd of flBSal
year or aonth
Total
assets
2.709
2,U19
3,087
2.038
2.812
1937
1938
1939
19I1O
191*1
191*2
3.tU3
19^3
10,11*9
191*1*
20.775
25.119
IU.708
I9't5
191*6
Total
lUbiUtlas
156
203
21)8
1U7
179
Balance In the
General Tund
2.553
2.Z16
2,838
1,891
2.633
$
607
U2l
2.991
9.507
20,169
2U,698
U70
ll*,238
September.
19,018
16.582
October.
13.307
1I9U
11*, 81*9
IKA
lU. 1*1*5
26.520
517
26,003
25,851
Itglt
25,1*27
19i*5-Auguet
.
HoTember
December.
.
19l*6-Janu«ry.
..
Tebruary.
March
iprll
Hay
June
26,Ull*
2l*,7U3
25.961
211,367
359
20.935
18,536
ll*,708
470
ll*,238
"15
391
11 ,01*0
bM
12,
Au^st ....
11,1*31
Dally Treasury Stateaent.
12.813
21,293
18,859
July
Source:
18. 631
16.131*
12.029
Treasury Bulletin
IB
Analysis of Change in Balance of General Fund of the Treasury
[_In
Total
chants In
Oaneral
Tund
balance
fiscal Taai
or Boath
millions of dollars - Hot Inorease or net deoraase (-)J
Trast accounts, sto.
a«noral and
special
aoeounte and
OoTemaent
corporations,
(wholly ovned)
etc.
Pobllo debt
accounts
(net) 1/
1937
1938
1939
19M0
19U1
-12«
-338
622
-9U7
19112
-19.598
-55.897
19I1I1
358
6.515
10.662
igus
19M6
••.sag
-io,ii6o
-53.9tl
-20,676
-3.t5i
-2.H97
-it.293
September
October.
HoTember.
December
-3.1'>9 1/
-l,38U
-3.5'*2
-3,6n
S.7U6 ij
792 8/
3.280 g/
2,528
-'•9.595
275
255
ggU
-i»a
-5.103
19't3
Troat
accounts
23.i«6i
6U.27U
6U,T07
57.679
-3.506
-l.g6l
-U,05i
8
12.773
17
315
-JI9
129
318
-228
772
327
-3.201
-307
-36
-295
-224
-1.591
-1.131
-873
-2.UU
-1.316
-3,161
272
48
-265
-1,105
-1,152
-72U
ll8
18
231*
70
-203
-577
53U
-1.593
-1.01*2
March
^rll
-3.'»33
Hay
June
-2.398
-U.298
Juljr
-2,a09
-989
Augost
Source:
Vote:
*
1/
2/
U/
-1*99
Daily Treasury Statement.
Beginning with fiscal year 19^^ certain revisions have been meULe
in this table.
See "Treasury Bulletin, ' Septeaber I9U6, page 5.
Leas than $^00 thousand.
This Is the net budgetary deficit (-) or surplusSxclodee amounts
for public debt retirement which are chargeable to the sinking fund,
etc., under special proTlalone of law and beginning wltn fiscal year
I9U5 inoludes OoTemment corporations (wholly owned) etc. (net).
Comprisea Federal Old-Age and SurviTors Insurance Trust Fund.
T^yr-*-, Unemployment Trust Tuadt HallNational Snrrice Life Insurroad Betirtsnent Accounv G<j ^ .^men insurance and retirement funds
and other trust accounts. (See footnote U.)
Chargea for retirement of national bank notaa are reflected In this
statement directly against increment on gold, in the years during
which the retlrenents were actually made.
(See footnote 8-)
Comprises Public Vorka Administration roTolTlng fund, special de.
^
2U3
1.902
3. 52'*
.
17
17
21
-229
30
91
181
-135
21
Clearing
account
6/
31U
20lt
2
768
16
3'»
11
-218
-3.6;
625
I9l»
2l»l
ll4g
2
-3.165
-2.20g
-895
^
ll»
-119
-3.321
1.632
11.558
Special
Cheeking
deposit
accounts of
accounts
Oovemfflant
and misagencies,
cellaneous
eto.
fonds kf
90
-20
956
-980
191t6-Jannar7...
Tebruary.
90
U9
20
-lilt
-l.'»97
.
ItO
-5
2ltg
-521*
.
66
92
-99
-51
675
-30
791
I0,7l<0
19115- Auettot
19
11
29
37
37
Increment
Sei^lorags
on gold
on sllTsr
2/
20U
1,669
-6UT
-325
89
-U
1I03
-1 553
-95
201
-10
-127
29
-101
-IS
-167
-138
-87
-11
-k
153
-190
-37
-9
57
-93
-A
-ui*
9»»
318
27
posits (net), and, during the fiscal years I9U0 through 19^5*
transactions in commodity food ataa^s by the Department of Agrloulture.
Commencing July 1, 1^^^, such transactions are classified In
the column *Trust accounts".
Beginning with fiscal year 19^9 represents sales and redeoptiona of
obligations of OoTemaent oorporations. etc.. in the market (net).
Bepresents outstanding cheoks, see Hote.
Inoludes Inaotive gold in the amount of $1,097 million.
S:q>endlturea for the retirement of national bank notes from increment on gold for the fiscal years 1937 to 1939 (&b shown below) are
not reflected herein, but are reflected under increment on gold as
follows:
1937. $99 million; 1938. $51 millloni and 1939. $5 mllllott.
The Increaaes In the public debt shown in the table 'Means
of financing Cash Bequlreoents* for the ahore fleoal years will not
agree for the reason atated above.
October 1946
19
PUBLIC
OF
DEBT AND GUARANTEED OBLIGATIONS
THE UNITED STATES GOVERNMENT
Treasury Bulletin
20
Analysis of Issuance and Retirement of Public Debt
(In mllllonB of dollars)
Public
Set change
debt out- in pTlblic
deht
standing
daring
end of
fiscal
fiscal
year or
year or
TlBCal year
or month
month
1/
1)8.961
5.99'*
23.1161
6!i,27U
611.307
191*.
72,U22
136,696
201,003
258.682
269, U22
19U5-Aa£aat
September.
263.001
262.020
956
-980
19UV
19UU.
191+5.
261.817
265. 3U2
278.115
October.
Kovember.
December.
.
191*6- Jantiary
. -
February.
March
J^rll.
May...
Jime.
278,887
279. SlU
276.012
273 .898
272.583
269,1122
..
268.270
Ao^st.
267.5116
July.
Sourcei
It.
7. 1175
7.l9l»
7
10.1t62
2
10,7110
10.7ltl
7.760
10.837
5.96lt
-201
9.915
3.52'*
11,168
12.773
26.6148
772
12.938
11.600
327
8
1/
Ex-
13lt
89!)
1»8U
1.1*99
6,91*3
1*.625
2 159
8,881
9,809
10,638
11.853
5.166
5.301
5. 680
5.8I6
2.567
u!2Ul
5.876
leu
3lt,l83
121.1*80 77.1*08
U
16,263
11*0.21*8
95.985
1*81*
2,1*70
i».336
1*88
9.785
519
U.S18
7.303
7.1A8
161
180
10.118
8,236
1»22
9.7U3
8,1*96
2.916
1.223
~~zj
Less than t500 thousand.
Kxcludee certificates of indebtedness. special serie
''.336
3,1*1*1
2.775
11.211*
2.775
6.371
2,U70
118
17
776
6.067
10.062
9.019
9.885
U.33I
11.1*23
8.98!*
-1.152
-72U
6.991*
2,820
207
27U
12,182
2,820
9.309
7.669
21,02U
6.283
-1.316
-3.161
12.71*1*
8.1)85
12.166
11,273
9.61*3
U.lll
5.332
2 896
107
31
133
761
273
372
-2.1llt
596
1,1*1*2
18.790
3U,183
31.036
1.1*73
2.11*6
3.332
3.332
-3.201
567
i.oui
8.728
6.288
9.578
13.876
12,81*1*
1,751
2,67U
3.035
2,812
3.IU2
800
91
3.133
Special
issues
3.n7
3.777
it.95'»
1*91
6.575
7.596
8,815
7.61*3
Ex-
changes
303
17.911
31.036
8.85U
6.376
6.138
7.37'»
13.703 8.693
58.358 33.671*
89.1*78 63,202
Certificates
of indebtedness, special
series 2/
8. 318
10,1*11
lU,ltlO
18. 790
3.1*1
6,308
10,969
22.300
Cash
changes
596
1,1A2
303
17.911
U91
U
Ikiily Treasuiy Statenent.
*
Special
issues
1.751
2.67U
3.035
2,812
3.IU2
lUl
13
776
37.16U 30.388
122.632 9it,96l
153 .785 123.958
179.159 129.663
150.988 103.116
57.679
Excess
Adjusted
profits
service tax refund
bonds
bonds
6.199
9.589
9.621
13.O8U
13.166
17.8U7
7l<0
3-275
2.528
19U2.
Certificates
of indebtedness, special
series 2/
Cash
month
37.165
I40.W)
Us. 968
Public Issues
Fobllc Issues
2.6U6
19371938.
19391940.
19U1.
Public debt ai^endltures
(Retirement of public debt)
Public debt receipts
(leenance of pttblic debt)
1|8U
Ii,95l*
3.133
8,968
21*. 185 10.079
2,9l6
1.223
Consists of special series of certificates of indebtedness Issued
directly and solely to Federal Reserve Banks-
Cknnposltlon of the Interest-Bearing Public Debt
Interest-bearing public debt outstanding
(In millions of dollars)
Percent of interest-bearing public debt
Public IsBUee
Public Issues
Aid of fiscal
year or Donth
Bonds
Marketable
Honnarketable
Marketable
1.188
1.556
2.151
3.166
4.555
10.617
10,1*96
21.701*
i5.298
6.689
9.168
17.1»5
HODmarketable
Certificates
of
indebtedness
56.2
60.3
63.7
63.1
62.8
3-3
2,508
100.0
100.0
100.0
100.0
100.0
53-2
17.041
17.039
7.885
10.871
14,287
18,812
22,332
SI
IU.6
16.0
17.7
18.0
i)i*.6
17.038
17.018
20.031
20,519
100.0
100.0
1*1.6
17.026
17.026
17.037
20,577
20,710
20,000
100.0
100.0
100.0
Hi -3
1*1,502
1*1,413
1*0.399
17.01*2
17.032
17.047
20,655
20,897
21.135
100.0
100.0
43.8
43.8
IX.
1*4.2
7.11*'*
38.1*08
17.051*
2I.22I*
4l*.5
7.127
36,828
3l*,80l)
17.0UI
17.039
21.1*81
b.7U
100.0
100.0
100.0
6.669
6,688
720
U73
17.023
23,01*5
17,021*
23,1*1*3
100.0
100.0
1*1*.
'yt:
191*0.
1*2,376
1*8.387
26.751
30.UU
71,968
I35.38O
38.281
57.716
19l*U.
199.51*3
T9.lil»
19l«.
256.357
268,111
106. 6W*
u
090
23.'t97
119.502
1*9.1*62
18,261
9.557
10.136
6.711
260.71*6) 108. 367
1*7.231
1*7.257
23.U98
10.11*8
3i*,i*30
23. 1*98
9,021
35.072
1*7.296
1*7.970
1*8,679
23.1*98
23.1*98
8.776
9,058
8.235
35.0a
35.0a
22.967
1*9.061
1*9.163
19.551
19.551
18. 261
8.107
8.0U3
7.365
19U3.
191*6.
19l*5-August
September.
259.630
107.2l|l*
October.
Sovemb er
Deceaber.
259,1*39
107.2UI*
262.849
275.691*
109.566
120,619
.
277.1)56
121, 53»
•
277,912
ia,8lU
.
191*6- Januazy.
February
March
.
'
9.11*7
7.2U3
6.383
5.698
271*. 71*8
121,357
1*9, igl)
April.
May-..
June..
272, 7U
1*9.261*
1*9.31*5
268.111
121,357
121,357
119.502
U62
18,261
18,261
18,261
July
267,039
266.359
119,502
119,502
1*9.730
>«9.878
13.351
13.351
tagit
Source:
271.1*1*0
Daily Treasury Statement.
1*9.
HonMarketnarketable
able
100.0
100.0
100.0
100.0
100.0
20.131*
22,01*3
191*2
Total
1.558
2.676
3.770
4.775
6.120
35,800
36.576
39.886
191*1.
Special
issues
2.303
1.154
1,308
1.302
1.603
19371938.
1939-
25.1*li»
Bonds
3.015
7.1»95
5.096
16,561
28,822
3't.l36
31*. 801*
38.155
11.861*
ll*,73l»
22.332
1:1
Marketable
Sonmarketable
Certificates
of
indebtedness
Special
Issues
6.1*
29.7
25.0
18.2
15.1
11.8
U.3
3.2
7-3
3-3
3-1
3-3
9.5
11.3
12.6
U.2
l*.3
u
12.2
3-5
8.8
lU.I*
7.1*
u.o
2-5
13-3
13.0
6.6
18.1*
?•'
6.8
8.7
9.2
6,8
6.1*
11.0
8.0
7.2
7.3
8.3
18.1
18.2
9.0
9.0
3-9
3-5
13.2
13-5
6.5
6.6
7-7
7.9
18.2
18.2
17.6
9-1
8.9
3-'t
8.3
3.0
13-5
13-3
13.8
6.6
6.5
6.2
7-9
7-9
7-3
17.7
17.6
17-9
7-0
7-0
6.6
2-9
3.0
2.7
15.0
15-0
6.1
6.1
W.7
6.2
7.5
7-5
7-7
18.1
18.2
18.
6.7
6.7
6.8
2.6
2.6
2-5
14.1
13.6
13.0
6.2
41*.
41*.
5.0
2.5
2.5
lU.l
13-7
6.U
6.U
1*2.6
U1.3
'*1.7
1*3.8
8
I1I1.9
18.6
18.7
5.0
n
7.8
7.9
8.3
8.6
8.8
21
October 1946
Detailed Statement of the Public Debt and Guaranteed Obllgratlons
of the United States Government
PART A
-
FISCAL YEARS, 1937-I9U6
(In alllloBi ef lollari)
22
Detailed Statement of the Public Debt and Guaranteed Obligations
of the United States Government - (Continued)
PART B
-
MONTHLY DATA
(In Bllllciia of dollara)
Treasury Bulletin
October 1946
23
INTEREST- BEARING PUBLIC DEBT AND* GUARANTEED OBLIGATIONS
OF THE UNITED STATES GOVERNMENT
DOLLARS
Billions
;937
-38
'39
'40
"41
"42
-43
"44
'45
'46
Aug
-END OF FISCAL YEAR-
Office Of the Secretory of the Treosury, Division of Reseorch ond Stotistics
31.
1937
'38
'39
'40
'4
1
'42
'43
'44
-ENO OF FISCAL YEAR-
'45
"46 Aug 31,
_^
1946
B-462-C
Treasury Bulletin
21^
Oomputed Interest Charge and Computed Interest Rate on the Public Debt and Guaranteed
Obligations of the United States Government
(Aaiounte In milliona of dollars)
lad of flacal
7ear or month
Computed
Interest-bearing
wmlQl
debt outstanding
Interest
charge
Coiq)Uted
nnmiwl rate
of interest
(Percent
1(0,1*65
1.01(7
Itl.Uzg
'•5.336
l,06«
1,1U9
1.203
1.335
19I10
igin
1^2
2.588
2-57?
2.53&
,800
'i .576
2.511*
2.1*38
t2.576
260
71.968
135.380
19U6
T«.5l7
139.»72
201.059
256,766
268,578
1.729
2.759
3.869
5,969
5.357
978
925
935
1.995
19115-AngMt
Sapt ember.
261.261
260,156
5.078
5.051
259,980
263,386
5.052
5.133
276,21*6
5,1*21*
278.001
5.H72
278,1*51
5.'*«7
5.'*^5
191*3
19W
19j*5
OctoberHoTanber.
December.
Tebruasy.
March
275.290
iprll
May
Jnne
July
Ancoat
Source:
1/
. .
.
Coi^}Uted
latere at-beari ng
debt outstandli^
annual
Interest
charge
Co^>«ted
unnwwl rate
of interest
(Percent
Intereat-bearing
debt outstanding
92'*
91*7
1,037
1.095
1,218
i9.886
1*8.387
l,6Ml*
2.679
199, 51*3
1*.665
lt.853
S.360
109
117
2.285
1.979
1.929
1.936
1.996
U,5i*9
it.092
85
81
1,516
20
1(09
5
7
515
527
5.351
l-9'*3
1.91*2
260,71*6
5.071
1.91*5
259.630
5,01*1*
1.9'*3
1.91*3
259. "tW
262.81*9
275.69'*
5.01*5
1.9'*5
5.126
5.tl6
1.950
1.965
1.968
1.970
1.978
277.'*56
5.'<65
277.912
5.'*79
271*. 71*8
5.U38
1.970
1.972
1.979
273. 2'*'*
5.'*30
1.987
272. 7U
5.'*a3
271.983
268,578
5,1*21*
1.991*
271,1*1(0
5.357
1.995
268,111
5.'H7
5.351
1.989
1.996
1.996
267,363
266,729
5.368
5.371
2.008
2.01U
267.039
266,359
5.363
5.366
2.008
2.015
Dally Treasury Statenent.
Treasury bills are included in interest-bearing debt figures at face
amount, but for purposes of calculating the cnaputed annual interest
charge and the computed rate of interest, the dlacoont ralue la used.
Tbr the purpoaea of ooaputiog the annual intereat charge and rate of
2/
123
121
2.582
2.589
2.600
2.583
2.51s
256.357
268,111
I.9U9
1.963
CoBputed
annual
Interest
charge
Coi^uted
rate
of intereet
(Percent)
»Tinii»1
(In millions of dollars)
(In mlllione of dollars)
(In millions of dollars)
1937
1938
1939
Ouaranteed obllgationa 2/
Public debt 1/
Public debt and guaranteed obligations
U2
5.'*50
5.1*98
K67
6
5U1
536
553
562
2.1*98
2.052
1.978
I.83I*
1.861
1.968
1.335
1.321
1.1*:
110
7
1.251
1.275
7
1.291*
7
1.322
1-338
7
5'*5
2.633
7
7
7
1^3%
7
1.35'*
1.353
542
U67
7
1.3M8
7
1.1(10
321*
5
6
1.618
1.517
370
intereet on United Statea aarlnga bonda. Seriea Jl-X are conaidered
to yield 2.90^ per annum and Seriea P ia conaidered to yield 2.53!^.
Ouaranteed securities held by the Treasury, and eecuritiea guajanteed aa to intereet only, are not included in thle table.
Guaranteed Obligations Held by the Treasury
^
(In allllone of dollars)
Aid of fiacal
year or month
Total
Commodity
Credit
Corporation
Tederal
Perm Mortgage
Corporation
Pederal
Public Boueing
Authority
3.630
8S3
1937
1938
1939
loU
302
19U1
19U2
191*6
U.079
7.535
10.717
12.169
11.673
I9U5- August
September.
191*3
191*1*
19U5
October
HoTember.
December.
20
1(00
.950
900
.591
.301
12.1*27
12.1*92
1.679
11(6
1.721*
130
12.269
1,688
1.625
1.255
111
11,780
U.678
27U
283
398
383
360
263
383
383
9U
76
551
2.53'*
57
SIZ
580
5.033
.010
737
9,020
9.205
57
57
57
961
9.202
9.255
57
57
91*1*
8.1*16
57
57
57
57
S60
830
807
9.0l|£
8.998
8.930
57
57
383
360
780
763
737
9.021
9.16U
9.205
57
57
57
360
^^9^
9.235
9.215
57
57
383
383
i^rll
1.105
1.259
1.301
27
19
13
383
June
11.373
II.6U5
11.673
July
August
10.871
10.826
500
500
383
1/
52
57
9.10?
9.136
9.126
61
50
37
Dally Treasury Statement.
Less than $500 thousand.
861*
2l*3
881*
1.272
1.191
1.069
Source:
3.605
922
900
II.5O8
11.282
MIS'
Tenneseee
Valley
Authority
383
383
383
Pebruaiy.
March
19l*6-Januar7...
Beconetruo tlon
Tlnance
Corporation
7
20
85
iito
366
108
13
12,19'*
Corporation
25
15
20
10
WW
Home Ownera'
Id an
57
These aecurities are not included in preceding atataBenta of guaranteed obligations outatandlng.
.
.
October 1946
25
Statutory Limitation on the Public Debt
shall
as
Section 21 of the Second Liberty Bond Act,
amended, provides that the face amount of obligations
Issued under authority of that Act, and the face amount
not
exceed
In
the
standing at any one time.
aggregate $275 billion outThe current redemption value
obligation Issued on a discount basis which Is
redeemable prior to maturity at the option of the
holder thereof shall be considered, for the purposes of
this section, to be the face amount of such obllfratlon.
of any
of obligations guaranteed as to principal and Interest
by the United States (except such guaranteed obliga-
tions as may be held by the Secretary of the Treasury),
Table 1.- Condition as of August 31* 1046
(Ib
BllUoiu of doUara)
Naxinnm snoant of Becurltiaa irtilch aa7 be outttaadin^ at an^ oaa tla«, vnder llaitatloiu lapoaad
.*.
of the Second Xdberty Bond iot, as anondBd.
.
iwnmt of eecurltiea outatandlnc sabjaot
V.
S.
V
Section 21
275.000
.
to auch at&tutory dabt llmlt&tloai
Oorenwent Becurltlee lasoed nader the Second Llborty Bond let, aa amandel l/
266,591
Ooaranteal aeeorltlea 2/
379
fotal aaoont of aeearitlea oatataadlnc aabjaot to atatntorj debt liBltatlon..
266,970
..
g-0^0
Balance lasoable xinder aach oithorlty.
Source:
1/
Pcibllc Debt Sarrlce.
Tot eoapariaon with tha pabllc dabt omtatandlnc. aaa follovln^
2/
table 2.
Ixcludae ci^araateed aacurltlea hald \j the Iraaaiirx.
Table 2,- Analysis of U. 6. Govemment Securities Outstanding Subject to Statutory Debt Limitation
and Comparison with the Public Debt Outstanding, August 31 1 1046
(In BllUona of doUara)
U. S.
SeTamment
aeoorltlat ontatandlng
aubjeot te
atatntory debt
Ualtation
Intereat-beazi.a£ saeorltiaa:
Marketable iaeuea:
Treasury bills
Cartiflcatea of Indabtedaaaa
Treasury notes
Treaffory bonda - banlc restricted if
Treasury bonds - bank eligible
Postal BOffln^s and other bonds
Total sarkatable laaoea
Total nou'ttarlce table laeaea.
Special laaues to OoTeruseat a^aoles and trast ftutda.
Total lataraat-bearlae aaoorltlaa
Matured aaeurltlea on vfaleh lataraet has oaasad.
Obligations bearing no Interest:
United States sarlaga 8taiq>a
Xxceaa profits tax refsnd bonda.
OurrancQr Items, eto.
.
iT.ozU
36.l»73
13.351
13.351
53.H59
igs.m
K6.350
"WATT
6,6U
"•9>77
£.68«
wo
liOO
$£.;«
5«.5«
ziMi
a.i»3
2£6.1W
2«.359
879
285
770
^
Total.
2/
17.02l^
36A73
n
.
Total obllgatlose bearing no latareat.
Source:
1/
Public Qabt Serrloa.
IdnitatlonB are estabUahad by Saotloa 21 of the Second Uberty
Bond iat, as aaendsd.
lanao ^ileh eoai^relal banks nay not ao(iulre prior to a speal-
1/
179
Ion -«arka table iaauaa:
U. S. sarlngs bonds (currant redaiptloa Talaa).
Treasury aarlo^ aotea
Depoaltary bonds
.
Total
public dabt
outatandlDC
^
13a
902
Z«-591
g67.5^6
fiad date (vlth slnar exceptions). See footnote 2, page 2^.
Consists of United States notes (less gold reserre); deposits for
retlrenent of natlenal bank and Tederal fiaeorr* Bank a«tes; and
•tkax tbllcatlma bearing no Imtorost.
Treasury Bulletin
26
Maturity Schedule of Intereot-Bearlng Public Marketable Securities
Issued by the United States ^
As of August 31, 1946
(la
mUllani of dolUri)
iaonat of aatarltlaa
hrllatt data
Tear
and
DawrlptloB sf •wailiy 2/
rlied-
Callabla laaaaa
elatalflad b7 jaar of:
nrat
flaal
OB vhleh eoBaretal kaaka
ay em kaak
raatrietad
oall
Mtnrltj
laaaaa U/
Hturlt7
Boatta
Itaaaa
Iraamry Milt
19U6-S«iit.
7/g)(
Ctrtifloat*
-
T/Sfi
CarttfloaU
troaaiU7 Mils
Cwtlflcat*
T/tt
lOT..
Das..
7/8)(
Cartlfloat*
l-l/2)( Tr*aaiu7 set*
-"io/i/w!
-
U/l/W.
12/lM.
12/15/W.
Tartoaa
9/l/*5
taxakla
«.5lt5
3.i|lM
Tar 1 OS*
tanbla
10/l/>»5
tazakla
5.2*10
Tarlooa
3,778
12/1/1*5
taxabla
taiabla
3.76*
3.2S1
6/5/1*2
tazakla
tazakla
tanbla
CoararaloB ^nA
Cartlfloata
1/1 A7...
«li«ll7
••
13
3.330
Cartinoata
2/iAT.-.-
».95'»
2/1/M
7/8*, Cartlfloata
3/l/l»7....
l!9W
6726/1(1*
tazakla
tazakla
3*
7/«*
Ui.... 7/8*
Har....
^
35.607
latal.
19U7-JS1
•tataa
5.23?
9/1/W.
Treasnr7 blllt
Out.
Ikta of
laaua
l-l/"t* Traaanry aeta
1/1/1(7
.
3/X5A7---.
tazakla
liar....
7/8*
Cartlfloata
H/1/H7....
2.820
U/l/M
tazakla
Jvna..
7/8*
Cartlfloata
i/lPd....
2.775
6/1/W
tazabla
July... 7/8*
Cartlfloata
7/1/^7..
-.
2.9l£
7/1/1(6
tazakla
*!«.... 7/8*
Cartlfloata
«/lA7....
1.223
mr^
tazakla
is/i/m
taxabla
tazakla
Sapt... 1-1/2* Traaaurr aota
l-l/U* Traaffiirj aota
9/15A7....
2.707
9/15/^7.-..
i.«7
Traa«iU7 boad
10/l5/*7-52.
Traaaar7 tead
18/15/1*7. ...
Oct
"J-l/lf*
Sac... 2*
»,2e«
total.
IJlW-Mar.... 2*
Traaaory boad
2-3/lt* Troaainy boad
Traamry boad
6/15/lW....
9/15/148....
Traasary boad
12/15/1W-50-
.
I-3/I1*
Seo.... 2*
9/15/iW.-..
partially
p«tlall7
3/15A1
tazakla
parti ai7
3/16/36
3.ofe
3.1^
571
7.«a
Total.
lO/lS/K
12/15/38
759
1.11$
i.a«3
3/l5/'W-50.
3/l5/l«-51-
Sapt... 2-1/2* Traa«ar7 boad
1-1/^ Traaaury aota
Jxrna.
759
701
12/1/1(2
tazakla
3/15/**
partially
tazakla
12/8/39
partlalljr
2.910
19lt9-JnBa... 2*
Traasorj boad
6/l5/lt9-51.
l.OlU
1/15/1*2
tazakla
Sapt... 2*
TraaaoJT boad
9/15A9-51.
1.292
S/iS/'ta
tazakla
Traaaa27 boad
3-1/8* Traaaar/ boad
Z-\l2ft TroaaoXT boad
12/15A9-51.
2.091
U9I
1.786
7/15A2
12/15/3^
12/15/36
tazakla
partially
partially
3/15/itt
10/19/1(2
tazakla
tazakla
Ote.... _
12/15/1*9-52 •
12/15/H9-53.
(.612
Total.
1950-tlar...,
Sapt
.
.
3/l5/>»«-50.
Traaauz7 baad
3/15/50-52.
1.963
Z-ll^ TraaauzT boad
9/15/50-52.
9/15/50-52.
'•.939
^
2*
Sae
.
. .
l.UJ
Traaa«y boad
2*
Traaaaz7 boad
Traaaorjr boad
2*
1-1/2* Traaauzy boad
lotal.
1.186
12/15/1(8-50.
12/15/50.
. .
s^ii^Jf
571
2.635
2.635
8.0(8
(Ooatlaaad ea follawlac paca)
1.687
partially
tazakla
partially
tazakla
October 1946
27
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States iJ
As of August 31, 1046 - (Continued)
(In
mUllana of aollari)
28
Securities
Maturity Schedule of Interest-Bearing Public Marketable
1/
States
United
the
by
Issued
As of August 31, 1946 - (Continued!
(IB nlllloni of dsllara)
Tmut
and
moDtb
Treasury Bulletin
October 1946
29
Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Data
Treasury Bulletin
30
Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates
of Indebtedness and Securities Guaranteed by the United States
Disposition
offers
Date of
refunding
for exchange
transaction, or
of retirement
for cash
transaction
Hesults of
exchange offers
by Treasury
Description of called or maturing
security 1/
Amount
outCash
standing retlre-
(Date of issue Is slnwn in parentheses)
EjiEhang'
seCTirity
offered
Ex-
changed
(In millions of dollars)
8/1/lA
9/1/'*
3/l*?S
9/15/"*
{
li
(8/2/U3)
Certificate-
S/l/W*
9/1/1*
(9/15/1*3)
Treas. note Trees, note -
9/15/1*
9/15/1*
(12/22/39)
Certificate
7/8i6
7/8?f
-
(1/31/1*1)
12/15/1*
2/1/1*5
7/8)6
7/8)b
CertificateCertificate-
ki
Treas
T/Sff:
Certificate-
(10/15/1*3)
(l2/l/l*3)
3.519
(12/15/21*)
1.037
(2/1/1*)
(7/a/l*l)
5,01*8
Totals for exchange transaction of 2/1/1*5...
5.1*60
(2/1/1*)
(3/15/1*0)
(9/25/'*2)
2.127
718
l.6o£
Totals for exchange transaction of 3/1/1*5...
lt,l*5l
(U/l/1*)
(5/1/1*)
i*.877
(6/26/1*)
Certificate 6/1/1*5
7/8*
6/1/1^-1*7
(6/1/39)
I-I/SS HOLC hond
Totals for exchange transaction of 6/I/U5...
l*.770
(B/l/UU)
2,511
(9/1/1*)
(9/16/35)
3,691*
1,211*
•
1*,908
10/1/1*5
(lO/l/Ul*)
3.1*92
7/8*
Certificate - 12/1/1*5
Treas. note - 12/15/1*5
2-l/2)S Trees, bond - I2/I5/U5
(12/1/1*)
l*.395
3/l*;t
(12/18/1*0)
bond
.
1-1/8^ CCC note
-
-
Treas. note Treas. note note -
.90*
3/1/U5
3/l*5S
1-1/1** Trees
.
Certificate
7/8^
Certificate-
9/l/'*5
7/8*
2-3/1*
Certificate
-
CertificateTreaa. bond
3/1/1*5
3/15/1*5
3/15/1*5
5/1/1*5
7/8;i
7/8*
2/1/1*5
2/15/1*5
l*/l/l*5
S/l/ltS
8/1/1*5
12/l5/'*l*-5'*
-
Vl/ltS
6/1/1*5
lO/l/l*
12/1/1*
-
8/1/1*5
9/1/1*5
9/15/'*5-'*7
Totals for exchange transaction of 9/1/1*510/1/1*5
12/1/1*5
7/8*
Oertificete
-
1/1/U6
2/1/1*6
.90*
7/8*
3/1/1*6
7/8*
3/l5/'»6
U/1/U6
5/1/1*6
6/1/U6
Conversion
bond
Trees, note
Certificate
Certificate
3-3/1** Trees, bond
Treas. note
1*
Certificate
7/8*
Certificate
7/8*
Certificate
7/8*
Treas bond
3*
3-1/8* Trees bond
Treas. note
.90*
Certificate
7/8*
Certificate
7/8*
Certificate
7/8*
1/1/U6
.
.
.
•
.
•
.
-
-
.
6/l5/>t6{
.
7/1/1*6
8/1/1*6
9/1/1*6
10/1/1*6
-
3.51*0
1*12
1.615
755
5.525
(I2/I5/37)
Totals for exchange trensactlon of 12/1/1*5..
1/1/U6
635
283
9I8
Totals for exchange transaction of 9/15/1*
10/1/1*
12/1/1*
S.S"*?
1*,122
5.1*67
16
1/1/1*6
(1/1/16)
(12/1/1*)
3.1*16
2/1/U6
(2/1/1*5)
5.01*3
3/1/1*6
(3/1/1*5)
U.1U7
3/15/1*6-56
3/15/1*6
't/l/U6
5/1/1*6
(3/15/26)
1*89
(11/1/1*1)
1,291
U.Sll
1.579
6/1/1.6
6/15/1*6-1*8
6/15/1,6-1.9
7/1/1*6
8/1/1*6
(6/I/U5)
(6/15/3U)
(6/15/31)
9/1/^*6
10/1/1*6
(9/1/1*5)
(10/1/1*5)
(U/1/U5)
(5/1/1*5)
(6/1/1*5)
(8/1/1*5)
l*.799
1,036
819
U.91O
2,1*70
t.336
3,1*140
-
2,511
3.691*
.
.
.
J
.
October 1946
J
H
3
31
Offerings and Maturities of Treasury Bills
Table 1.- Description of Treasury Bill Offerings and Amount of Maturities
(j^onnti In llllons of doXlara)
Dtacrlptlon of Bsv
lan«
Jteount of
aatvrinc
t Multt
Bkta of
tin*
lUtwltj
dat*
IjllSJoT.
JbT.
1»»M»«
J:
30.
tr.
OT.
bT.
6.
8«pt.
Sopt. 13.
Sept. ao.
Sept. 27.
9ms.
Bic
Bie.
lao.
*>«
*>«
tag
Oot.
Oct
Oot.
Oot.
¥.
19>l6-Jaa.
U.
Jan.
Jan.
Jan.
U
25..
Jan.
lab.
Tkb.
Ibb.
Ikb.
loT.
Sot.
loT.
lOT.
lOT.
1.
S.
15.
23.
29-
of
digr* %*
•f
till
1.267.6
I.31H-3
1,307-*
17.027-5
1.307-"*
17.0*5.9
92
91
1.956.'t
1.310.
1.309.0
1.257.*
1.260.3
1.313.1
17.01*3-5
1.256.
l.Sl*."*
17.038.1
1,932.U
20.
27.
91
91
91
91
1,306.1
1,302.0
1.306.7
1.300.6
1.2g7-6
1,241-0
1.252.1
1.2*7.6
1.302.3
1.309.8
1.305.3
1.317-8
3U).
17.
2^.
91
2.159-1
2.157-5
z.tms.o
1.310.5
1.311.0
1,309-6
1,310.0
1.263.3
1.256.1
1.256.1
1.251.1
1.30>»-?
17.021.9
91
91
91
1.310.6
1.305-5
1.312.1
17, 02*.
1,318.2
1,316.7
1,316.7
1,302.1
1,316.0
1.267.0
1,261.6
1.273.1
1.2*2.1
1.269,8
1,317-0
1.318.7
17,027.6
17.025.6
17,027.9
17.015.*
17,026.3
1,303.5
1,301.8
1,316.5
i!»6!2
2,030.9
6.
13
31.
7.
IH.
EL.
3.
1.986.1
2,02'».7
2.093.7
2.073.5
^,oe)^.^
91
91
91
90
91
2.ao.5
91
91
91
91
2,163.0
2.038.It
l,30't.«
1.302.9
1,316.1
1.312.1
1,316.9
1.315.9
l,31't.8
2,076.8
i.9«o.7
2,178,5
2.15't.7
in.
10
IT
lir.
H.
11.
4r.
U.
2>»
•4r.
25.
91
91
91
91
31
Mar
2.
91
2.905.0
2,259-5
2.005.3
2,016.3
2,025.2
91
91
91
92
1.928.2
1.9*7.8
2.037.3
2,006.1
1.306.1
1.302.0
1.306.7
1.300.6
17.023.7
17,023.5
17,033.3
1,253-6
1.250.9
1.256.9
1,262.1
1.310.5
1.311.0
1.309.6
1,310.0
1.318.2
17.0;
17.0:
17. 037.1
I7.0*lt.0
1,309.0
1.301.3
1.316.7
1.268.1
1.257.5
1.253-1
1.275-1
1,316.7
1,316.7
1.302.1
1,316.0
17.039.7
17.032.0
17.031.2
17.031.8
1,261.2
1,2^9.2
1,265.5
l,26f .6
1.303-5
1.301-8
1.316.5
17,037."*
17.039."*
1.98H.5
1.309.0
1,303.8
1,315.3
1.313.*
1,863.6
2.050.1
1.989.7
1.902.1
1,312.0
1.317.1
1.310.
1.315-3
i.2nT
1,272.7
1.263.1
1,272.8
1.302.9
1.316.1
1.312.1
1.316.9
17,056.3
17.057.2
17.0*7.1
17.0*0.5
2. 085. It
1,262.1
1,263.0
1,26>».I»
17.0371
17.0*1.6
2f.
Jtra*
«:7-
k.
Jaly
Jaly
July
Ally
U.
U.
Z;.
92
91
91
91
iac.
laci>«.
>aci>C-
1.
«•
15.
22.
29-
91
91
91
91
90
1,850-1
1,961.0
1.900.9
1.927.S
1.951-2
1.3t9-2
1,308.2
1.301-3
1.313.7
1. 312.5
1.265.5
1.265.8
1.260.5
1.27*.3
1,288.0
1.J15.9
1.31*.f
1.3«9-»
1.361.3
I.JI6.7
•apt.
».
lapt. 12.
Sapt. IJ.
Sapt. 26.
91
91
1.922.8
1.990.7
1.950.6
1.312-9
1.310.1
1.3W.0
1.305.9
1.303.8
1.315.3
1.313.*
17.0I16.*
1.C5>).8
1.277.2
1.272.2
1.273.5
1.272.*
Oat.
Oat.
Sat.
Sat.
9»
91
1.J07-7
1.315-1
1.310.6
1.305.1
1.278.1
1.278.1
1.270.<
1.269.8
1.312.0
l.JlT-l
i.Jio.3
1.315.3
17.03*.7
17,e32.«
17.0J3.2
17,»23.»
1.796.3
1.306.1
1.272.2
1.279-8
1.275-*
1.272-3
1.27^-5
1.309-2
1. 308-2
17,019.9
17.027.0
1.301-3
1.313.7
1.312-S
i7.03»-e
17.023-8
7-
T.
l4.
i^.
U.
U.
ipr.
25t.
il:
2331-
(
13
M
27
Jal7
U.
ML/
11/
1«.
251.
(.
22.
29-
16.
5.
91
91
91
91
91
»
2.015.0
2,0SH.6
2,0Tlt.(
l,J10-li
17.
n
2k.
91
1.803.5
1.892.0
1,895.0
1.767.8
Oat.
Jl.
1.315.'*
I.8I6.5
1.803-9
1.80k.8
I.313.T
Mr.
91
91
91
91
92
1.82>».0
il:
21.
29.
15-
3-.
U.,
1.308.>t
1.302.2
Hbllo BaM Sarrlea
Dally Traaavry Statafor data oa aav la
ts eutataadlacfar data aa aatarlac liraaa aa^
8ao iasaal laparta af t*a Sacratazy af tk* Traaav7 for baak
ant
lotoi
17,028.5
17,026.*
£.
13.
SO.
2(.
Sonroal
17.035-5
17.018,3
a.
Tab.
Mar.
Kar.
Kar.
Kar.
in<.
1.310.6
1.309.0
I7,0ln.9
17.03'*-!
31.
a.
Jv*
Jm*
l,3l"t.5
17.OU.9
Joaa
Jmia
Jana
1>».
hb.
J*a*
7.
Ik.
21.
21.
1.265.
May
May
May
May
Tab.
rob.
Joa
hovn In
flrit ools^)
taala 1/
l,3l't.5
ijir.
Hay
Xar
Mill
orntotMidlac
(aa of dato
1.317.0
1.318.7
3
^>r.
Total
1.93«.«
2,008.2
2.006.0
19lt6-Jon.
^.
Jtaotmt on
flx»d-;rlM
laraa (aa
of dat*
hovn la
flrot ooloan)
91
91
91
Mar.
Mar.
Mar.
Mar.
Jan.
Jan.
Jan.
iaonnt on
ooapotltlT*
kaala
Total
at
utertty
i.
13.
20.
Zt.
Sac.
Sao.
I»o.
lao.
tf tlds •eooptod
1/
1.30lt.*
17.038.2
17.0*7.2
17.055."*
17.053.7
17.0J2.9
17.W5.3
17.0*1.1
17.0*5.0
17.051.*
17.038.9
17.«3?."»
flcaroo.
Tandara for $200 thoaaand or laaa froB any aaa blddar ara
aoeaptad in fall at 99.9*5 par handrad
Treasury Bulletin
32
Offerings and Maturities of Treasury Bills - (Continued)
Table 2.- Prices and Rates of Treasury Bill Offerings
Total bids accepted
Competitive bids accepted
Ht^
Bate of
Lov
Iqulvalent
ISffUO
pric3
per hundred
avera^
Price
per
rate 1/
(Percent)
99.905
99.905
99.905
Iqulralent
rate
1/
0.368
O.36U
99.905
99.907
99.908
99. 908
99-909
99-908
Sept
6.
Sept. 13.
Sept. 20.
Sept. 27.
99.905
99.905
99.905
99.905
0.375
0.375
0.375
0.375
99.909
99.909
39.910
99. 908
Got.
Oct.
Oct.
Oct.
99-905
99.905
99-905
99.905
0.375
0.375
0.375
0.375
99.905
99-905
99.905
93.906
99.905
0.375
0.375
0.375
0.376
0.375
99.908
99.90s
99.905
99-905
99.905
99.905
0.375
0.375
0.375
0.375
99.906
99.905
99-905
99.905
99.905
7
lU,
21.
28.
99.905
99.905
99-905
7.
0.361*
0.360
0.360
0.356
0.364
99.905
99.905
99.905
99.905
0.376
0.376
O.37S
0.376
99.909
99.907
99.907
99.907
0.360
0.368
0.368
0.368
99-905
99.905
99.905
99.905
0.376
0.376
0.376
0.376
99. 908
99. 908
99. 908
O.36U
O.36U
0.36U
0.368
O.36U
99.905
99.905
99.9<«
99.906
99-905
0.376
0.376
0.376
0.376
0.376
99.908
99.908
99.908
99.90s
O.36U
O.361*
99-905
99-905
99.905
99.905
0.376
0.376
0.376
0.376
0.373
0.375
0.375
0.375
0.375
99-908
99.907
99.907
99.907
99.907
O.36U
0.368
0.368
0.368
0.368
99-905
99-905
99.905
99.905
99.905
0.376
0.376
0.376
0.376
0.376
99.908
99. 908
99.908
99.908
O.36U
99.90ii
0.375
0.375
0.375
0.375
O.36U
0.360
99.905
99.905
99.905
99.904
0.376
0.376
0.376
0.376
99.905
99.905
99.905
99.905
0.375
0.375
0.375
0.375
99.913
99.915
99.910
99.908
0.344
0.336
0.356
0.364
99.905
99.905
99.905
99.905
0.376
0.376
0.376
0.376
99.90U
99.905
99.905
99.905
0.375
0.375
0.375
0.375
99-908
99.907
99.907
99.907
0.360
0.368
0.368
0.368
99.904
99.905
99.905
99-905
0.376
0-376
0.376
0-376
99.905
99.905
99.905
99.905
99.306
0.375
0.375
0.375
0.375
0.376
99-907
99.908
99.908
99.908
99.90*2/
0.36*
0.364
0.364
0.364
0.368
99.905
99.905
99.905
99.905
99.906
0.376
0.176
0.376
0.376
0.376
99.905
99.SO5
99.905
99.905
0.375
0.375
0.375
0.375
99.908 J/
99.908
99.SO8
99-907
0.364
0.364
o.;64
0.368
99.905
99.SO5
99.905
99.905
0.376
C.376
0.376
0.376
99.906
99.905
99.905
99.905
0.376
0.376
0.376
0-376
99-905
99-905
99 905
99-905
0.376
0-376
0-376
0-376
0.376
99.90lt
Hot.
Not.
Hot.
Hot.
Hot.
Sec.
Dec.
Dec.
Dec.
19U6-Jan.
Jan.
Jon.
Jan.
Jan.
re>.
Fell.
te\>.
Feb.
Mar.
Mar.
Mar.
Mar.
6.
13.
20.
27.
3.
10
17.
2U.
31.
ll*.
21.
28.»
Apr.
It.
i^.
11.
IS.
25.
l^T.
^.
Ma7
May
Mar
2.
•fay
il:
23-
May
31.
0.3614
0.356
O.36I*
0.364
O.36I1
Jnne
June
Jtme
June
13.
20.
27*
July
July
July
July
11
IS.
25.
99.906
99.905
99.905
99.905
0.376
0.375
0.375
0.375
99-908
99.907
99.907
99-907
0.368
0.^68
0.168
1.
8.
1522.
29.
99-905
99.905
99-905
99-905
0.376
0.376
0.376
0-375
0.J75
99.907
99-907
99-908
99-908
99-907
0.368
0.368
0-364
0.364
0-364
Aug.
Jag
tag
lag
tag
Smirco:
Bote:
6.
5.
99.90ft
PnlMlo Debt Serrloe.
See Annual Beporte of the Secretary of
for back figures.
1/
(Percent)
0.376
0.376
0.376
0.376
0.376
16.
2330.
U.
11..
ZqulTaleat
rate
99.905
99.905
99.905
99.904
99.905
9.
Jsag.
18.
25.
bnndred
(Percent
0.375
0.375
0.375
0.375
0.375
tog.
laetug.
Price
per
tlie
Treasury
1/
2/
3/
0.36s
Bank discount bail a.
Ixsept $100 thoueand at 99.925Iicept $500 thoueand at 99-930.
99.904
October 1946
33
Sales and Redemptions of United States Savings Bonds
United States savings bonda were first offered for
Bonds of aeries A-D were sold
In Ifiarch 1935.
Series E, F, and
between March 1935 and April 19't-l.
sale
bonda have been on sale since May 1, 19'H.
Series A-E bonds
are
10-year discount
bonds sold
and yield 2.90^ per annum If
at 75fo of oBturlty value,
Series P bonds are 12-year discount
held to maturity.
bonds sold at 7'+^ of maturity value,
and yield 2.53^
per annum if held to maturity.
Series
bonds are 12year current Income bonds, sold at par, bearing Interest at 2-1/2^ per annum, and redeemable at par at maturity or at stated prlcea less than par before maturity.
Purchases of series A-D bonds were limited to
These
17,500 issue price in any one calendar year.
bords were available to all
subscribers prior to
April 1, 19'*'0, and to Individuals only after that date.
Purchases of series E bonds are limited to $3,750 issue
price in any one calendar year, and may be made only by
individuals (defined as natural persons only). The
limit
for
price
in
series F and
any
year 19^1).
combined
is
$100,000 issue
one calendar year ($50,000 in calendar
Series F and G bonds are available to all
subscribers except commercial banks.
Commercial banks,
however, were permitted to purchase these bonds during
certain periods and with certain restrictions.
For
details concerning these periods and restrictions see
"Tieasury Bulletin" for December IS^^k-,
page 36, footnote 9, and "Treasury Bulletin" for February igU-e, page
footnote 9, and page A-22.
For details concerning
features. Investment yields,
and redemption values see
"Treasury Bulletin"
for October 19l(-5,
pases k-k- and
A-5.
37,
Series A bonds matured in 19'*-5,
and bonds of series B began to mature in January iglt-S.
Matured bonds
turned in for redemption are included in the figures on
redemptions.
Matured bonds outstanding are reflected
in the interest-bearlnp debt until all bonds of the series have matured, when they are transferred to matured
debt upon which interest has ceased, in accordance with
the praotioe of the Dally Treasury Statement.
In the following tables sales figures are quoted
at issue price, and redemptions and amounts outstanding
at current redemption values.
Amounts of series
out-
standing are quoted at par.
Table 1.- Sumnary of Sales and Redemptions, by Series, as of August 31, 1046
Onltad Stataa
UTtnei londg
Treasury Bulletin
i^
Sales and Redemptions of United States Savings Bonds - (Continued)
Table 2.- History of Sales and Redemptions
Amount outstan('lQ£
Redeoptlone 1/
Accrued
dlacount
Sales
plus
accnied
dlecount
Salei
price
Accrued
discount
Nature d
dsbt
Int* rest-
bearing
debt
Percent of
monthly
redemptions
to amount
outstanding
(In allllons of dollars)
1°^.
16
H9.H77
63.73*
I.Stx
es.iws
15.916
1935-191*0
3,120
19UI
19U2
l.'t92
96
65
88
3.215
1.557
6,082
II18
11*3
5
't,3lU
207
201
6
10,188
11,916
15.721
15.278
Total, Insaptloa to
Jti«<iat
31.
fiscal jrearai
311
301*
2.905
7
21,256
34,606
^5. 586
81)8
ei*i
7
2.358
It, 252
13
lo.isit
2.371
U,298
6,717
379
168
3U9
369
162
313
9
6
102
3.573
3.113
9.259
6
3.195
6.140
15.050
169
295
13, 898
16.339
1.585
3.31*1
1,576
3.321
itgli
13,1121
5.55«
5.1*72
9
20
86
27.363
40,361
48,183
38
41
738
555
531
52s
524
522
7
7
46,715
46.741
I.l4
1.13
57
616
533
559
607
52U
1.25"*
661
1,220
1.310
9
10
11
46.786
47.473
48,183
1.32
1.12
1.16
9^
UU
U6
1.023
666
672
629
February.
Mar oil
960
622
626
613
552
620
16
13
15
48,588
4g.692
48.733
1.29
1.16
1.30
April
May
June
662
59U
571
621
552
519
605
t
713
639
S35
15
n.a.
n.a.
19
18
48.323
48,917
49.035
1.27
1.13
1.06
July
753
590
67
820
635
?"
n.a.
n.a.
17
16
49,320
49.477
1.09
3.949
669
iSitS
lU, 891
\'^i
9,612
128
223
387
573
3.1.1*9
12lt
3.036
9.157
77
11. 789
igit?
19UI1
,
Calendar jearsi
ISJS-lSto
19IH
19142
WJ
15,U98
13. 729
16.0W1
12.937
191111
19^5
Months:
19U5-Aagast
Septanber
TOO
October.
Hot ember
December.
l,18l«
.
.
.
19U£-Jattuar7 .
An^st
. .
.
Total, iBcaptioa to Jncnat 31, 1946.
Flaoal years:
1935-1940
1941
1942
511.
3.120
828
1
86
1943
1944
1945
1946
Calendar years:
1935-1940
1941
194a
3.449
499
1943
1944
1945
Months
1945-Ao«ust
September
October
HoTemher
December
l£
9
7
1946-Jannmr7
Tebruary
March
^rll
May
June
\
.
.
July
Aogust
.
9
^
(•)
16
9
4.618
»78
"*7
1*9.035
26
23
21
•97
..
October 1946
55
Sales and Redenptlone of United States Savings Bonds - (Continued)
Table 2.- History of Sales and Redemptions
-
(Continued)
Bedfimptlons 1/
Period
Sales
Accrued
discount
Sales plus
&serued
usoount
Total
(Is millions of dollars)
Series X, T, and 6
Total, Inception to Juenst 31. 19U6.
fiscal years:
19IH
ISUa
59.789
66U
5.993
11.789
ism
15. '•98
19>t5
14,891
9.612
19U6
Calendar years:
I9IH
1942
19^3
iSim
19^
2.537
9.157
12,937
Months:
igUS-iugnst...
September
700
51U
October.
Sovember
December
62U
I.ISU
1.25*
1946-Janaar7.
February
March
960
622
626
April
May
Jane
668
594
571
Jaly
Angast
753
590
-
Sales
price
Accrued
discount
Amount
outstanding
(interestbearing
debt)
Treasury Bulletin
Sales and Redeaptlons of United States Savings Bonds -(Contlnuedl
Table 2,- History of Sales and Redemptions
-
(Continued)
Eede^ptlone
Period
Sales
Accrued
dleeevnt
Salee pltu
aooroed
dlaooont
(Is
letel
Salee
prlee
iBOXIBt
AceroeA
dieconnt
OBthly
(latereetbearlic
dekt)
redeiytlose
to eaonat
evtstandlac
lllloaa of dollara)
Serlea t
Totel, lneeptlo& to Aa^oBt 3^*
19^-
3.205
71
67
U35
758
2
3.275
2.925
351
Tiacsl raarai
19W
19U2
19H1
iJiA
mz
WUS
J.
191*
679
U07
67
67
9
19
'^
811
3
17
58
88
l,2>t2
1
n.a.
l'»9
33
1*99
3
17
57
1.996
2.60U
2.895
Oelcndar Teara:
208
65"
750
7«6
7
35
6a
106
U
23
20
8
8
8
10
56
10
10
208
19'tl
19IK
IJU?
2
I9W
773
595
ig"*?
Months:
igUj-iagast
22
Septeaber
Ootober
loTea^er
Beceaber
5*
83
25
207
2.662
2.67l»
10
10
2.67H
2.720
2.793
86
13
13
ll>
13
febraazx
Narch
kk
32
30
ii
16
April
29
32
27
28
13
IJ
a. a.
2, 87'*
a.a.
n.a.
2.91U
2.925
•tax
Jaa«
zk
July
31
25
Ao^iaat
36
28
\l
18
17
Series S
Total, laoeptioa to An«uat 31. 19HC.
riacal years:
19IH
191*2
I9U3
19IA
191*5
191*6
13.738
13.738
395
2.032
2,759
2.876
2,658
395
2,1)65
Calendar years:
191*1
1,185
191*2
2,'
19^3
i,§io
2,891
2,520
191*4
19'»5
Months:
19l*5-Ao«ast
Septeaher
October
loTeaher
2>soeaher
19lt6-JaBttarx
Tebruaiy..
March
r
1.569
2.278
2.793
Do
30
27
19l4£-JaimaLr7
Source:
n.a.
7
35
77
lOU
107
265
262
278
226
April
M«y
Juae
250
3a3j
Au^oat
335
817
Sally Treasury Stateaeat.
lot a:vallable.
SsTlsed.
226
8i|i*
Percent of
ouc at ending
2,823
2,8>a
2.«55
2,883
2.895
.
October 1946
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 3.- Sales by Series, Classified by Denominations
Salsf la llllons of dollar* at lasue price
Total
all
denODlaatloDB
$10
1/
«25
?J
fotal. Inception
throu^
tag. 31, I9U6..
U2,Sl|£
13*
13,971
7iecal yearei
igui
203
3.526
8,271
11,820
11.553
6.739
19142
I9't3
19M
ms
19'»6
Ik
616
2,988
i»,lli9
t
Calendar year*:
I9I4I
1,11*5
19112
5,989
i-9't)
10,31*11
19Ult
12,380
9,822
19''5
Xontha:
13U5-ta«.
Sept.
Oct.
VoT.
Sec.
571
120
510
865
908
19)l6-Jaa.
eui
Kar.
367
371
388
KV-
3^
Juoe.
321
July.
386
3^7
Percentage dlstrlt)utloa of
DsaoBlDatlon
27
«5
*50
$100
»200
»500
$1,000
$5,000
$10,000
Total
all
denoBlnatlo&a
fialei
SeDonlnatlona
$10 1/
$50
$25 2/
$100
and
$200 J/
$500
and
$1,000
$5 -.000
and
$10,000
Treasury Bulletin
Sales and Redemptions of United States Savings Bonds - (Continued)
Table 4.- Number of Pieces Sold, Classified by Denominations
(niousands of pieces sold)
Period
Total. Inception throng
tognat 31. l?"**
lotea
all
denominations
1.061,785
Denominations
$10
1/
18.31*6
$50
$25
$500
$1,000
1.1A3
14.089
11.583
1.311
108
1.698
2.686
3.725
3.535
2.065
125
1.493
1.975
2.730
2.800
2.121
769
612
2,282
3.3'«
3.856
2.984
600
1.751
2.420
2,884
2.669
126
79
109
66
94
317
320
130
$200
$100
2/
$5,000
2/
7'*5.132
15'>.381
u6,«lo
767
221.2811
209.1(80
353
9.107
28.828
U3.8OO
U5.995
552
10.837
22.851
31*. 1*7
112.071
2lt.27lt
Tlecal years:
191*2
1.905
55.967
I9't3
a5.709
I'jMk
305.986
303.116
165.039
igiti
19U5
19U6
32.832
159.369
9.223
8.505
CalendfO- years:
13.219
135.227
270.068
320.527
253.078
I9UI
19U2
19^3
I9IA
19'>5
Months:
19U5-An«BSt
September
17.7'«
l>t,088
32 .083
lU,693
6.077
2.I485
3.W
9it.35't
18,999
37.060
I17.915
17.**2
28,915
36,077
172.9''8
37.773
2l>,55ii
1.103
1.187
12.1»60
2,566
2,028
1.383
981
3.582
11.381
198.333
226.213
9.7'W
October.
Hovember
Beoeaber
iS.OMl
17.364
18,613
90l»
ll.lioll
11.207
2.313
2,511
1,21't
1,81*9
2
785
61.5
12.l61t
2.Slt5
1.902
(01
109
330
335
19l*6-JanuBr7 .
13. '•52
620
516
509
8,985
1.9^7
1.365
1.2U0
189
7U
77
212
99
103
l,l«21
7'»3
1,128
971
637
613
78
68
56
HI
1,008
1.015
706
72
11(6
6l»2
61
126
185
156
2.402
5.379
696
18
fcbruary.
Maroh
9.255
9.081
6.2U6
April.
Kay...
Jane.
9.238
7.730
6.8U8
523
299
299
6,222
5.355
H.666
July...
7.216
6.8U7
3U3
t.756
An^st.
276
67'»
723
110
109
l4o
134
133
Series 7 and
Total, Inception throu^
Atigust 31, 1946
Tiecel years:
1941
1942
1943
1944
1945
1946
15.545
233
2.110
3.251
3.869
3.326
2.314
1.015
5.308
72
216
303
60
Tlh
1.149
1.425
1.156
647
532
369
100
745
1.090
1.231
1.071
931
291
125
610
Calendar years:
1941
1942
1943
1944
1945
Months:
1945-Aa«ast....
September.
October.
Hovember
Dacember.
1946-Janaai7
Vsbniary
March
.
^rll.
May...
Jona.
July...
Au^st
901
2.902
3.624
3.821
2,807
156
270
325
277
1.077
1.317
1.394
899
121
419
565
613
447
373
971
1.195
1.188
97s
136
112
10
12
43
36
22
51
39
116
343
298
a
6
38
109
90
19
46
131
^7
109
55
38
38
33
23
26
42
40
n
22'
215
155
164
10
184
170
160
5
5
3
259
183
4
5
5
3
17
83
77
74
36
44
32
124
87
$10,000
—
.
:
October 1946
39
Sales and Redemptions of United States Savings Bonds - (Continued)
Table 5.- Sales of Series E Savings Bonds, Classified by States
(In thousands of doli&rs)
Total,
inception
through
August 31,
19U6
ila1}aBa
510,927
Arlsona
Arkanaaa
27't.236
19115
A\lgust
801, 592
Dalawara
Slat, of ColuaMa
Bovaaber
"•.57"1
12.029
3.555
5.763
1.653
2.507
1.297
2.373
117,030
33.692
37. "139
11
Decanbar
January
^ril
J^bruary
15. 701
10,81*8
3.3l'i
l*,92l*
2,661
5.827
6,617
'*,910
73,966
7,535
13,812
5l*,98U
1.996
I2.7U7
11.326
1,938
8.192
10.335
81*2
875
68,801*
58.136
33.920
60.
1172
3.6UU
1.215
2,228
3.658
1.239
2.351
3.586
1.227
2,291
28,180
2,738
29,627
28.750
5.356
5.951
3.361
5.651
751
6,395
1,019
8.693
11,881*
1*.580
'1.997
'i.'*76
2,015
3.558
1.323
2.197
3.I58
1,221
2,217
3.536
1,268
1.973
25,199
2,958
5.089
28,191
3.333
5.059
29.512
3.161
5.081
26,581
3.207
1.557
835
7,991
1.505
961
1.811
10.071
1.856
765
6,265
I.I70
851
6,206
3.607
I.I7I
866
33.329
1.077
s68
29.163
1.195
921
91*0
3'1.573
29.096
30,891
1.010
720
29.193
3,21*0
8.572
13.6211
1.057
5.610
6,771
1.932
13.856
9.376
3.309
58,518
20,601*
27,02ll
22,68ll
17. 'Ill
9.726
28,979
l>i,678
16,828
9.85U
7.781*
15,630
7.707
9.998
10,231
9.585
9.888
9.750
5.177
8,706
8,803
1.737
9.313
9.222
1,815
9.705
10,089
5,801
8,986
10.391
5.761
1.095
1,010
1.307
3.782
3.662
1.335
1,518
1.137
1.552
1.638
3.710
1,160
1.059
3,190
1,219
5.012
11.123
15.350
1.267
11,17s
12.957
1,182
12.095
11,581
1.338
10.578
11.217
9. 313
15.572
7.50I
2.351
IO.27U
7.125
2,090
9.855
313
1,926
10,011
8.072
2,215
10,808
8,658
1.907
9.326
1.733
6,973
315
1.577
5.557
395
1.588
I.6O8
101
2,05«
5.319
388
1,183
5.782
316
1.328
6,658
5,161
Gaorgla
535.622
Idaho
8.'»15
5.797
8.911
8,289
1.215
5.580
138. 2U3
Ulloota
3.072.517
"15.962
36.15^
6.128
1.089
35.617
Indiana
Iowa
Xanaaa
1.130.357
18,211
8.561
12,11311
13,2gll
9it't,270
586,000
8.1163
6.883
5.150
6,591
1.751
Xantudqr
Loulalana
'157.907
>t«8,103
'1.263
9.005
9.370
lt,l*92
"1.851
i*.7l*9
7.338
7.720
9.61*2
ll,815
7,088
i*,3l6
193. '«6U
5.709
6.536
2.390
I1.091
Ulna
1.1175
1.782
3,l*'i6
'*.15'i
2,>i65
1.332
"1.097
l,'i70
570, idi
l,Ul»5,672
8,886
18,882
2,302,671
311.
Nlanaaota
Mlailaalppl
889. 799
297.6*8
1,052,235
MlsBoxirl
721
10.201
2.768
10.91*7
710
3.919
6,5"ilt
6,117
13.979
"i.71"i
"*,"*9l
16,1*89
9.550
25,860
9.978
16,795
21.993
27.81*0
26. 731
18,635
3'!.
151
1*11,696
28,392
12,878
lU, 810
13.358
15,618
7.'i05
23,1511
22,623
7.196
12. 578
>*,e20
7.721
21*.
525
16, 789
7,235
2.150
10,050
8,200
13.282
1.153
3,800
13.327
1.098
3.268
1,716
1.728
11,1115
6.1*63
383
332
1,866
22.087
1.662
1,051*
1.135
12.615
13.9"*3
91*3
887
969
12,377
789
963
11.771
836
1.132
12.983
785
989
13.166
816
826
11,122
926
'15. '139
11.369
U,891
1.785
13.376
1.652
1,901
37,993
3.616
1.8S2
23,221
I.3I5
3.275
19,828
1,622
3.3I8
21,832
5,011
3.251
28,110
1.635
2.301
26,970
1.355
2,56b
3,666
I1.911
5.376
13; 771
2.573
9. 95*
7.003
1.993
9,897
9.513
22,267
201, 712
2,1*1*5
11511,952
1.922
5.569
1.613
Habraaka.
larada
it,in!t
3.7711
52.393
753
511
61*9
Hav Haapihlra....
Hev Jaraajr
••
Hew Mexico
1211,285
1.533
23,127
1.093
16, 885
1.095
1.320
1'1.676
2,525
27,599
1.052
2,271*
2,U75
31.167
2,273
l.'i55
"1.809
5.035
Montana
1.575.985
99.791
3.327
1,006
6,36U
7.85I1
—
August
JVily
7.775
l.65«
8.388
Maryland
Maasachuaetta
Michigan
May
3. "178
102,639
523.205
527.685
riortla
October
P
7.821
2,0115
Calif orala
Colara40
Coonaetleut
Septaaber
191I6
2,1*01
10,U7l*
7.
3.818
Nan Toric
Horth Carolina
North Dakota
5.209.791
1*8,303
5.2i*U
103.378
12,565
132.671
15.838
"16.233
I3.972
10,701
7.126
51,310
5.571
76,1*89
56li,UiU
9.0U6
1*,
78"*
5. "176
202,598
1.57'i
1.1119
1,560
12,1*67
'1.702
2.61*1
1.729
1.509
5.101
1,516
1II9I
Ohio
Oklahoaa.
Or«£on
2.588.595
39.27I1
1*6,972
51.775
39. 909
22,562
23,1*31*
6-335
6,507
29.028
It. 611
25.767
1191,790
5'»9.556
i*.136
11,81*1*
15,051*
"1.639
11.1*56
13.201
3.651
3.387
21.123
3.771
3,117
21,706
1.096
3.937
10,630
5,626
"1.251
l|,82lt
Paona/lraala
Shade Island
South Carolina,..
3.222.735
"17.665
5«.3'tl
69.156
30,311*
29.703
l,gltl
5.219
6,181
2.331
1.901
2,378
l."!97
3.601
3.826
5.895
1,871*
3.01*5
27,116
1.793
2,098
28, 391
2,262
53.56"!
!t,626
28,681
2.703
3.959
35.959
1.798
38,21*2
2ll2,Ul7
1,629
8,925
l.iiOl
1.331
5.697
5.071*
16,662
3U,1U5
1,826
U,6o6
13.332
2,161
3.898
12.379
2.531
18,071*
5.566
11.158
35,OU3
2,71*6
22,ll75
7.361
8.957
33.377
3.911
12,176
2.251
1.311
13.883
2,122
53U
9.537
5.098
1.397
16,980
5.812
1.603
17,871
l.lOl
1U,656
1,281
536
6,361
1.751
191
6.561
1.193
635
6.398
9.656
U,U59
8,620
17,660
16.790
8,063
22,678
2,158
12.350
6,089
3.511
8.551
78"*
781*
723
713
5.716
1,013
8.531
735
5,361
3,226
9.128
1.350
5,727
3.075
7.636
691
505
992
2.570
1,285
27
91
1*22
11*1
11*1*
178
299
257
985
266
212
216
1.363
278
233
1.075
212
239
227
1,161
128
178
268
1.077
2I0
2
18
281,273
South Dakota
Tennessaa
Texas
188,888
527,1161
l,711,061l
63,1197
Utah
Vermont
Virginia.
191.139
70.887
2.1*39
2,3<t2
91I1
581*
7l|2,886
9.973
6,998
Vashlngton
Vest Virginia
VlscoDSin
VyoBlng
87l»,23ll
Alaska
Canal Zona
Eavall
Puerto Bico
Virgin Islanda...
Other possaaslona
idjustnant to
Dally Treasury
Stateaent
Total
,
8.276
355. 705
11. 3115
6,l6l|
1*,
939.095
86.323
12,915
1,000
9.770
1.025
28,51*6
313
26,060
5U9
550
2119.288
5.1111
35.387
1.768
813
1*81*
655
u
13
766
7,096
20.263
2.228
302
61*2
1*1*8
li72
i*,9iio
5.000
700
U25
7,000
1*1*2
1
713
6
15
5
5
«'172,ll08
-18,235
80.377
*8,U9l*
-1*9.779
1|2,8U6,383
1*20,058
509.706
865,022
908. 232
9. '153
3.0ii"i
7.1*95
15.1*26
500
1.709
566
6.283
6.657
3.563
8,159
1.821*
710
653
20
8U
238
I.0I2
12,709
1.1136
1.863
606
6.717
Ul*5
5.850
3.8113
8.531
3
3
123
-227
s6l
366,977
2. 161
13.39"!
63
57.028
61*0,
2.222
U.306
2.511
7.303
6.222
1.153
8.62U
117
-17.192r Il,l50r
371.27"*
387.810
3.136
258
1.383
305
1,890
2.553
3
1
1
116
11
11
1,711
1.193
528
733
U.163r -38,527r 25.358
311,803
321.069
9.361
3I7.278
386,176
_L
Source
P
Daily Traasuzy Statement and reports of federal Besenre Eaoka.
Preliainary.
ReTised to include unallocated sales, previously reported as a
separate Item.
Treasury Bulletin
Ko
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 6.- Sales of Series F and G Savings Bonds Combined, Classified by
(Itt
Total,
inception
through
Aug. 31.
Stat*
Sept.
ll
thmuaadfl of dollars)
19U5
Aug.
States
Ijltfi
July
Hay
Apr.
Jan.
Oct.
I9I16
8W
1,200
296
612
260
796
302
1*81
1*21
lioi
1,092.773
11.357
I3't,6«7
1,1*88
338.193
2,817
7,317
637
2,152
8,089
27
1,698
65.693
1IA.8U5
182,262
1.319
1.395
6O8
523
1,201
,U
1.133
1.31
361
1.628
933
Alabama
Arlsona
126,
39,0»
ArlCB&BaB
California
Colorado
Connectiout
Delaware
Diet of Colnabla.
norlda
Oeor£la
Indiana
Iowa
Kaneae
2,210
1,101
899
2.075
633
1,822
1.893
21.377
20,391
2,333
18.31)7
lt,5l)8
U,2it6
D.35l»
1.527
2,582
1,778
2.255
3.31'»
3,a6
1,16U
239
2,1*50
71)6
9.168
11.780
6.363
6,728
7,608
3.652
8,a3
5.378
7,859
3.623
5.73'*
1).105
3.802
3. 186
1.859
2.605
2,959
2.81)5
5.011*
2,158
2,301
1.981
l,8h3
539
l*i*2
2,522
6,698
5.169
1.516
I.58U
6.690
3.172
111.980
3,11)1
12,1*20
10,835
12,288
2.1*23
1,881
386
3.121
1.958
8.055
1*97
i.sitU
1*.U90
10.305
5.711
1,650
7,080
1*1*1
501
1.109
82
1,800
5.067
371*
a2
1)09
1,376
IO.U19
992
7.62U
657
l)h,262
3l),370
Maine
102.953
Maiyland
MaeBacbueattB
Hichican
1)88, 391
2l*9,'»27
838. uoi
Hinneaota
MlsBiiaippi
KiBBouri.
-
331.869
88,256
Ugo.Wt
.
Montana
656
3.90U
53.912
3.879
U.0lt6
6.190
6,201
2,131
3.331
2.635
1.206
3.705
2.083
3.693
i.im
1.569
5.281
2.791
1.527
5.536
2,912
2,111
3.715
1.662
1,629
1.370
20.107
6,1)81
5.173
11.125
9,100
5.175
19.858
8.770
3.591
12.175
7.339
5.200
1,360
7,169
6,795
1,226
10,752
8,675
1,978
10.372
5.587
1,092
8.058
986
3,1)09
1*.680
l).7l6
17.912
5.988
20.792
6,h6l
6.612
5.371
1,100
5.97"*
5,571*
1.31*2
9.615
6,805
1.083
7.301
1.158
7.711
900
937
936
587
3.99U
26U
580
2,900
1,0U
u.oa
1*.1*2U
3.1)1*2
202
316
3,110
192
706
2,717
268
3. 818
76
1*22
918
3.180
290
1.298
9.665
199
1,61*3
7.'*10
1.570
7.562
201
2^
1,231
7,955
300
1,305
8,928
202
759
9,116
560
1.383
10,085
110
751
7.611
111
50.872
2.816
1,108
1*6,561*
•.5.537
1*5,362
3.088
1.288
3.hl3
1.231
11,913
3. 191
958
50,082
1.1J1
853
1*2,111
2,830
850
36.236
3.276
916
15.391
1.717
1.767
17.772
1.699
1.700
15.581
1.727
1.II3
20,095
1.668
23.515
2,052
2,316
11.129
1.817
I.83I
25.58U
27.199
2.322
1.786
35.803
2.118
1.737
27.321
2.727
1.722
33.133
5.590
2.183
22.991
2.271
1.182
971
2.711
5.615
1.263
2.661
5.306
1,511
3.025
7.151
1.169
3.691
6.918
6.156
601
508
3.175
510
786
2.828
ii
3.120
507
1.001
1.118
103
611
3.137
2. 601
1,332
7.656
2.820
1.368
7.003
516
2,865
1.552
8,535
385
1.891
2.306
9.161
115
2.671
11
18
12
901
32. '169
188
329
2.855
117
2.773.'t7l»
23,827
10,882
192. Hie
1,81)0
16.7')3
1.1*15
^•ilJ
1*51
6.873
607
707
9.981*
16,981)
15.501*
3.212
2.708
2.703
2U.383
2.69?
13.890
552
701
2,
2.658
1.891)
1,783
8.769
960
;S6
2l*.029
20.108
1.573
1,328
20,886
2.172
1.95"*
i.a9
992
82U
1,692
5.131
916
3.166
hi*
82l*
3.&39
1,21(8
63.0U3
6hio
923.899
7.1^2
OldLalioiia
U7,6o6
951
Orogon
136.332
939
1.363.512
132.921
90.815
10.381
1.3^7
''^
1.061*
1*15
50.857
1)86
31*1*
321
2.181*
1.331
l,oi*9
3.852
3.
2.2II
10,9a
log
8,028
3.510
1)63.1*55
1.175
2.926
31*. 1*98
232
249
1.211
2.330
586
807
5.031
>).36o
South Dslcota
TsnnsBsss
Isxas
166. SOU
at ah
Vaimont
Virginia
38.371
22U,805
Vashliigton
230.7110
1,61*9
8U.665
683
3.872
253
Wsst Yligiaim
Wisoottsln
1*15,821*
H^Blsg
27.022
ilaska
Canal Zone
Hawaii
Puerto Rioo
Tirgin Islands
Other posseasioas.
5.280
6,153
52.92h
13.1*89
812
903
Sales to oooaeT^
oial banks 1/. ..
10
1'^
1.291
705
%'r6
262
189
7.U3
780
990
t.032
5to
2.533
563
2.199
3.503
1,260
5,962
3"*7
3.581
791
8.125
173
79
21*
35
6
122
700
126
13
6
8
9
1,71)8
1*22
5?J
505
38
555
26
5,1*02
k,VA
1.790
1.71*1
io.n7
8.610
3.9U6
1.532
9.203
781
631*
1*26
188
99
517
500
8
1,018
6
26
1*30
90
50
20
3,01*2
1.93
891
2.638
230
22
1.631*
301*
1.1*67
301*
15
1.927
2.01)8
132
27.131
17.079
6,733
623
l*U
859
1*.286
'*.392
.
.
8.971
8.601
2.'»35
931
88
1,020
19.876
9.193
1*83
.
8.839
7.135
3.673
53'».525
17.071
Hind* Island
South Oarolina.
5.71*1
7.031
2,529
70.206
Hew Hampahire
Hew Jersey
Hew Mexico
FmnsTlTania
6.030
7.158
3.061
1,110
165. h89
Bevada
.
3.360
7.086
8.937
3.876
2.1)1*2
1.596
8U
Hebraalca
Hew loA
Horth Carolina.
Horth Ifakota
i*,566
1,51)1
2.139
529
I8.32I
31. 088
3.191
2.320
1.756
1.711*
2.559
629
21.266
2.1)89
20.078
1.970
752
18.789
2.710
705
22.613
l.6!i5
1.139
1.137
2.655
2,850
1.276
265
19.851
2,928
2,239
1.01)2
889
2.893
1.165
3.158
2,161
1.358
1.180
2.596
3.211
1.607
3,'»33
1,61)6
1.906
3.762
1.11)8
1.225
2.871
3,'t65
1.133
672
1.006
2.208
3.900
2,222
2,331
3.511
lsU.256
205.119
1),1)92
25,517
3,229
1.937
16.767
5. ISO
2.961
3.825
16,509
2,198
5. 308
376.631*
381. g6U
170. gits
15.501
1.975
15. 080
2.2a
16,232
1,883
6.911
16.722
2,200
7.059
25.38U
Lottifliana
1.178
571
1.107
91*5
9.1)09
Eentocky
1,909
88U
1,019
1*11
1.098
8,25h
7?9
2.191
U7I
1.355
1.956
1)09
760
12.705
206
1.835
117
860
1.633
1)1)1
2,371
557
18,810
162,770
37.030
l,27«,6l2
laaio
Illinois
kOl*
2.800
802
1,62U
37
51
11)0
311*
23
2
76
2
l.SA
1.1a
7.583
399
6
6
165
19
20
90,703
895,1*80
Adjustaent to
Daily Trsasuiy
1U.517
Statflnant
Total.
Source
P
16.91*2.907
-13.372r
+l,l)93r
128.'*55
9U.055
+1.763r
llh.761*
-3,2l*8r
318,599
DailT frsasury Statsasat and reports from radsral RessrTS Banks,
Preliaini
lia'
iesB than
lOO.
Serrised' to'lhcluda unalleoatad sales, pivrlously reported as a
separate item.
I
1/
'
'
bonds to acnmeroial
State figursB eicludo sales of Series T and
banks.
Commercial banks were permitted to purchass Series 7 and
-U,758r
3')5.289
+8.7U>r
3I8.698
+8.911*r
255,'«7
-lU.283r
255.097
+8,599i -19.310t -10.071r
279.952
2l9.5lO
250.157
+31.963
+7.996
366.510
2l2.7l1
bonds under certain oonditlons during the oalsndar year I9II
("Treasury Bulletin" for December 19II. page 36. footnote 9): from
June 18 through June 30. 19U5 ("Trsamiry Bulletin" for Tsbrnary I9I6.
page 37. footnote 9); and from December 3 thro;«h Ssoember 8, 19I5
T"IreaBury Bulletin" for ?ebruary 1916. page U-SS).
..
.
..
..
. ..
October 1946
hi
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 7.- Redemptions of Series A through E Savings Bonds, Classified by States
(In thouaanda of dollars at eurrant rad^>tlon TaXuaa)
State
Total
Oct. 19IAtxig.
igltfi
191*5
Aug-
Sapt.
8.568
2.195
19116
Oct.
BOT.
7.96U
2.168
7.975
6.991
2.308
3.730
Jan.
Tab.
Mar.
tfr.
May
June
7.892
2.826
8.53a
2.698
7.927
3.008
l*.22l*
11.876
1*.}00
li.305
7.163
2.594
3.997
6.316
2.1*93
3.299
5.368
2.201
3.206
5.853
1,911
3.320
5.644
2.041
3.129
50.602
U.128
58.213
52.179
5.3^*6
1*.880
8.I161
8.578
8.a2
55.872
5.532
9.625
52.193
5.137
9.440
48.865
4.596
8,604
37.698
4.357
7.336
42,836
3.964
7.906
42.601
4,064
7.017
5.71*1
l.UO
6.U8
1.372
7.377
1.329
5.368
10,206
1.222
5.647
8.556
l,l4l
6.U75
7.149
1.160
4.890
7.109
1.082
4,834
6.969
6,628
Alabaaa
Arliona
IU3.I56
Arkanwi
76.370
'i.3t5
U.201*
l*,l*25
California
Colorado
Conaaotlout
98U,780
85.722
166,853
U9.I1U1
U6.I16O
51.387
119,251*
3.327
8.563
1*.230
l(,85lt
8,922
9.536
3.987
8,282
Salawara
Dtatrtot of Celsmbta
Tlorlda
.557
1,078
114,'
,958
1.302
5.953
8.820
1,1J0
7.762
1,106
5.051
7.578
8,550
8.733
1.286
6.301
10.252
1.181
1*.891
l6U,309
Saorgla
1W*.575
8,209
8.977
1.776
7.U7I*
1*1.292
7.898
7.529
2.I156
7.351*
5.1*13
8.65I1
30.1109
1.1*01*
1.1*110
1.1*81
768,192
>10.85lt
36.07U
39.566
7.012
1.309
35.175
7.153
1.580
36.800
319.851
178.190
119.369
18.811
8.992
16.530
7.038
16.627
9.213
5.863
IU.7IO
8.032
5.377
ll*.76l
11.597
EootuAky.
127.196
7.557
6.781
6.399
6.557
to, 728
l.SM
6.967
6.637
2.001
2. 251*
2.01*1
6.376
6.508
2.189
6.7a
isS.itSS
7.207
6.350
6.311*
I«TIlsl4Uia.
7.051
1.993
6.209
1.673
13|}.387
6.678
6.673
13.796
29.566
6.626
1U.705
3U.OOO
5.9to
iS.ini*
37.21*2
7.685
16.305
33.979
7.12>*
296, feu
670,198
6.781
13.959
14.822
32.316
lU.MliI
202,31*9
9.320
3.013
13.575
9.262
3.292
13.7U6
9.279
3.5311
14.691*
10.370
3.S13
13.955
i5:'^
016
12.120
U.102
17.790
1.68lt
11.U30
1.569
1.728
1.581*
1.738
2.U39
1*,0Z1
'».325
61*5
U.061
720
1*.062
782
.766
18.679
1.633
1,266
17.971
1.369
1.375
19.332
1.368
19.016
1.769
Idaho
lUlaoli
Indiana*
lorn
Kansaa.
.
.
.
Halne
Mar7land
Maaaaohaaatta.
MieU^u
Mlnnoaota. ..
Miaoiaa^jpl.
Mlaaonrl
65.535
282.177
Montana.
36.897
85.977
iu,59U
Vebratlca.
VsTada.
.
7.861*
38.11*3
9.338
738
7.858
5.1*32
7.1t75
2.1*67
July
8.525
2,083
38.658
39.897
4.4a>
1.867
38.296
7.506
1.594
35.391
7.465
1,376
35.892
6,214
1,516
34.530
1U.792
10.785
8.257
14,200
9.271
6,885
13.428
9.525
6.619
12.653
8.490
6.07s
12.188
8.011
4.171
11.926
7.028
6.719
2.11*6
6,499
6,231
2.259
5.335
5.9^3
2.160
5.372
5.298
1.892
5.684
5.352
2.027
7.378
15.926
32.634
7.369
15.366
31.513
6.578
6.155
1'*.557
6,681
12.997
27,839
7.237
U.135
12.2I1I1
ii*,835
17.256
11.812
3.505
15.853
11.370
3.312
13.127
1.990
U.587
2,U7
777
2.847
4,925
772
4,9U
888
1.916
6,102
838
2,362
lt.628
4,456
485
1.21*7
1.113
17.162
1.6UU
1.338
19.231
l.'*33
1.428
16,854
1.529
lU.sa
52,211
7.053
927
53 .901
9.»39
I.807
5'*.747
7.205
I.807
51.692
6.738
1.781
33.928
7.034
8.163
30.276
7.152
7.429
z|494
2.929
36.386
2.J1?
2.974
16.183
10.119
7.252
1.871
38.926
15.155
11.811
6.1127
30.106
i».>i3l
2,oa
27.307
764
10,272
2,535
12,934
13.6a
26.900
10.211
3.422
11.682
2.062
3.555
44.960
6.515
1,690
39.204
5.920
I.6I19
38.554
6,011
1.384
27.980
29.087
6.382
6.913
26,463
5.900
6,260
35.883
2.315
33.257
2,046
2.699
1.1*33
Im Toik
Borth Carolina.
Borth Dakota.
991.011
137, 08U
26.871
1*0.871*
1*9.531
6,1*56
68.227
1*8.379
5U.8D1*
61.1*25
7.a3
6.985
1.156
1.230
7.061
1.153
8.ZI7
1.718
Ohio
Cklahoaa.
Oregon.
678.172
136. 908
151.578
3l*.l*3>>
37.282
7.168
7.717
31.661*
31.851
6.252
7,200
3U,03l
9.650
8.691
32.11*1*
36.298
7.721*
8.1(86
7.530
8.329
1*5.691
39.991
37.828
2.836
3.773
111,050
35.886
2,622
3.955
2.1SI*
51.015
2.776
3.180
1*.123
44,385
2,600
3.272
1.773
7.679
1.207
7.262
1.901
1.81*4
7.1*29
8.0a
23.573
28.1*80
26.1*66
29.998
7.309
24,512
1.697
6.495
22.946
1.988
5.386
21.028
2.764
536
7.823
11.31*5
3.176
726
8.168
2,787
757
8,104
2.909
719
8.990
673
6.651
10.955
5,758
10.729
1.098
9.299
4,696
10.054
1.094
9.687
3.837
9,658
820
.
.
FannaylTanla.
Ebola laland...
Sonth Oarollna.
.
South Dakota.
Tonnaaaa
Ttxao
Otah
5U,72U
68,159
28,165
11J5.051
1163.072
119.I186
TaiBont
Virginia.
8.I1U7
8,195
7.588
Vaabington.
Veat Tlrglnia
Vloconaln.
VyoBlng
.
.
.
Xlaaka
Canal Zona
Hawaii
Puerto Bloo
Tlrgln lalanda
ether poaaeaslons...
Adjustment to Dally
Treasury Statement
Total
lUly
6.666
7.007
3«.i|9
2.869
3.>l£6
3.»8
(.US
1.21*3
7.771*
i9.<*;8
1.178
s.oto
ZU.622
1.329
9.397
27.5«5
Z.filO
2.1*83
755
10.185
623
9.085
9.170
2.651
622
lo.iia
11.612
5.989
10.796
9U7
10,063
U,910
9.32U
79U
10.1*52
U.6I17
12.0113
5.1*70
10.315
832
10.855
1.153
268
268
299
3.506
593
3.1611
2.299
178.6118
9.W7
9.551
215. 188
U.650
U.O52
98.165
11.999
207.1(00
10.750
777
5.ito
10.225
886
18.203
i.m
38.800
2.957
3.709
12,222
.
Source:
Note:
808. 26U
6.too
1.196
5.559
2.302
52,065
273
388
l6
259
318
3.255
U56
3.873
896
12
'a
26,091*
1.302
3.117
719
21
^5,U29
-ll*.020
-21.183
+5. 61*6
-7.235
10.399.27'*
501.022
500.655
582.809
1*96.962
732
25
10.1*92
12.
ai
U.584
6.277
10.591
1.298
5.614
11.125
1.144
3|5
305
332
2.730
786
220
5.569r
51U.933
3.719
593
37
18.787
1.572
u.oto
10,050
963
•
TreaBtrry Statement and reporta from Federal Beeerve Banlca.
Bhould be noted that State figures preeented in this table are
not neceBBarily comparable with aales data by States Inaemuch aa
bonds which have been purchased in one State may hove been redeemed
in another. Moreover, the figures shown in this table are based on
current redemption Talues, whereas the sales figures are shown
It
1.871*
21
2,41*2
1.367
45
10
18
i76
476
2.068
972
19
+1.293
-68
-7.954
1-26.954
-10.369
583.31*5
520,765
580,852
576.531
497.794
9.176
2,722
12,424
1.198
14,438
l,to2
1.267
17.115
1.329
1.1*77
6.134
12.139
22.966
1.313
13.596
914
l6!wi
25.596
1.762
1.930
2.878
691
3118,272
27.931*
.
'.514
I: 277
638
lav Haj^ahire.
Nov Joraej.
Haw Hezlao....
.
-^
1,227
1.497
t\M
265
464
1.592
796
24
*5.818r
466,864
2.63
1.418
6.93^*
18,933
2,l|03
1,407
5.595
15.310
2.444
678
7.254
9.273
4.010
244
316
303
1.468
473
10
'.633
+30.830
-163
%
478,811 427.263
at issue price.
Data on redeo^tions by States ar« not available
prior to October 1944.
PreliminaX7.
Serlsed to include unallocated aalaa, prsTlonaly reported as a
separate item.
Less than $500.
Treasury Bulletin
k2
Sales and Redemptions of Treasury Savings Notes
Treasury savings
notes
were
Issued
In
through
June 22,
and B notes, see "Annual Report of the Secretary of the
Treasury" for 19't-2, pages 207 and 220.
In the following sables sales and redemptions of
Treasury savings notes are shown at par value.
Matured
three
se-
ries,
series A
from August 1, ig'H
1914-3,
series B
from August 1, 19'H through September
which have been on continuous
ll*, 19'*-2.
All of aeries A and B
12,
and series
since September
19lt-2,
sale
and some of series
notes turned In for redemption
tax payment)
are included in
notes have matured.
notes are sold at par, and accrue In
month, yielding 1.07^ per annum if held to
These notes
maturity (3 years from date of Issue)
may be used In payment of taxes any time after 2 months
Series
value
each
.
after Issue, or may be redeemed for cash any time after
For details concerning features,
6 months after Issue.
investment yields, and tax payment or redemption values,
see "Treasury Bulletin" for October X9^3, pages A-4- and
A-5.
For details concerning the features
of
(either for cash or for
figures on redemp-
the
tions.
Matured notes outstanding arj reflected in the
interest-bearing debt until all notes of the series
have matured, when they are transferred to matured debt
upon which interest has ceased,
in accordance with the
practice of the Daily Treasury Statement.
For sales
and redemptions of series A and B notes by fiscal years
and months, see "Treasury Bulletin" for February 19146,
pages 142 and kj.
series A
Table 1.- Summary of Sales and Redemptions, by Series, as of August 31« 1946
(In mlllione of dollare)
Treamiry laTiigs notes
.
.
.
U
u
...
October 1946
'^3
Sales and RedemptlonB of Treasury Savings Notes
-
(Continued)
Table 3.- Sales of Series C, Classified by Denominations
(In Bllllona of dollars)
Denomination
Total
Fiscal year
or BOntb
19"A
igUS-August
September.
October.
November
Decanber.
.
19l46-.Jairaai7
Tebroary
March
.
.
-
April
May p
Jtme p
all
denominations
An^st
p.
»5"0
$1,000
$5,000
398.5
291.3
102.7
U.O
S7.6
160.3
t.7
3.2
$10,000
$100,000
$500,000
$1,000,000
1.858.5
1,U88.0
3.O86.7
2,378.2
1,120.8
1.259.5
827.0
588.0
i.ms.o
filT-U
7.2
u.e
26.5
16.5
1»1«.3
Ib.O
9-0
1*6.0
29.7
12.8
52.'
32.4
57-8
182.7
111.8
120.9
25U.2
I85.O
83.0
66.0
51.5
53.0
109.0
197.0
52.6
22.2
zz.k
91.3
50.0
87.0
67.0
57.''
U::
113.0
8,953-7
T.OlJ.g
3,525.5
10.5
2>».2
13. S
32.8
13.8
lU5.i(
.2
91.6
.2
336.1
70U.1
59«.0
1-3
I4.O
3lt!6
-7
2.5
17-1
501.8
181.0
178.7
-5
1-3
•3
-5
.6
7.8
3-U
3-8
U.3
.2
299-0
-3
-3
.3
U.O
36.7
21.8
20.3
90.8
-5
5.1
3.2
3.0
7.8
18U.0
58.1
53.9
66.0
51.0
U7.0
92.0
59.0
55-0
300.5
1S8.4
6. It
9-0
k.9
37.6
23.1
96.5
57.2
76-5
.2
U1.5
73-0
58.0
198.>«
July p
$100
5-t
.k
.9
3.2
11.7
5-3
1.598.0
917.0
28.0
u
Dally Treasury Statement and reports from Inderal Beeerre Banks,
Prelimlaary.
Source:
p
Table 4.- Sales of Series C, Classified by Type of Purchaser
Fiscal year
or month
I9IA.C
I9>t6..
19l*5-August
September.
336.1
igUe-January
February.
Harcb
301.8
181.0
178.7
April.
May...
June.
July.
.
65I1.9
.
Corporations
3,2511.8
7.7
92.7
93.S
92.3
'1:1
130.7
82.0
100.0
100.0
10.1
10.5
89.9
89.5
29.7
56.0
uo.e
306.11
6U8.1
557.I1
100.0
100.0
100.0
8.0
6.8
91.2
92.0
93-2
281. U
171.1
165.2
100.0
100.0
100.0
6.8
93-2
7-6
92.
8,298.7
6,581.3
270.7
70l).l
598.0
Corporations
100.0
100.0
100.0
'13U.7
9it.6
198.ll
19.8
leu.o
iii.i
279.6
178.6
169.9
100.0
100.0
100.0
6.5
10.0
7.7
93-5
90.0
92-3
300.
31.6
10.8
268.9
177.6
100.0
100.0
10.5
5.7
9'».3
299-0
Au^st.
Source:
Individuals,
partnerships
and personal
trust accounts
1U5.U
91.6
October.
HoTember.
December.
.
Pereentace distribution of sales
Individuals,
partnerships
and personal
trust accounts
8.953.7
7.ca5.g
3.52^.5
1915.
Sales in ailllons of dollars
188.:
Ibily Treasury Statement and reports from Federal Beserve Banks.
19.
89.5
Treasury Bulletin
kM-
Sales of United States Savings Stamps
Table
K-
Summary of Sales and Redemptions
(Zn thouBands of dollare)
TlBCal year
or month
Amount
uQt standing
end of
fiscal year
or month
igits
213,350
191A
196. 5I8
177.598
95.976
igits
19116
Percentage dlstrlhutlon
of redemptions
Sedeiq)tlon8
Set change
during
fiscal year
or month
Exchanged for
United States
saTlngs
honds 2/
Total
+U5,620 l/kj
-16,832
-18.920
-81,622
Bxchanged for
United States
savings
honds 2j
Cash
2/
590,268 U/
5ltU,6U7
1*71*.
UU
U25.762
287,331
16s
352.632
231.593
70. 1*80 5/
1408.930
268.
109.852
191. 47'*
130,1*22
73.130
55.738
61,052
7,111*
871
100.0
100.0
70.3
66.6
29.7
100.0
100.0
100.0
67.3
73-3
70.2
32.7
26.7
29.8
100.0
100.0
100.0
67.2
32.8
36.5
-6.268
17.686
8,U38
23.955
13.'W5
l6,8ltl
-lt,966
8,922
It,
October.
l'tl,372
-3.307
-2,Ol6
-6.128
10,587
11.396
5.259
13.893
13.U12
11.387
9.31*9
l*.5l*it
9.830
7.990
3.522
3.397
-13,02U
-3.350
-U.519
3.689
7.273
9.8U7
16.713
10,623
11*. 367
11,229
6,751
8.999
3.873
5.367
9.309
6,362
3.598
17.1i»8
11,607
10,051
6,80U
1*,803
6,871*
It.OOU
2,870
100.0
100.0
loo.c
58.6
58.6
58.2
3.283
1,67U
7.271
5.912
1*.158
3.113
2,623
100.0
100.0
57-2
55.6
.
NoTemlier..
Deceml3er>
19l46-Januar7.
February
March
120, 20U
116,855
.
.
112.335
April
Hay
June
2/
1*97
-7.838
99.252
95.976
-5.21*5
lOU,
July
August .
Source:
Note:
139.356
133.229
.
91,988
87,750
.
-3.275
-3,988
*,239
Iblly Treasuiy Statement.
See "Treasury Bulletin". July 19^ for back figures.
StasipB sold prior to October 1, 19U2 were known as postal savings
stamps and were ohligations of the Postal Savings System but subsequently became public debt obligationsEstimated on the basis of Bamples made by the Poet Office Department
5, US'*
7,097
3,289
5/
12.9 5/
17.2
82.8
80.6
68.1
IU9.6U5
llA.679
1*83
2/
100.0
100.0
100.0
100.0
Saptember-
igUj-Auguflt
Cash
19.1*
31.9
33.1*
in
37.
1*1.
Ul.U
1*1.8
1*2.8
Ult.U
See footnote 1.
Net of sales less redemptionsDoes not Include amounts transferred from Postal Savings System to
the Treasury to cover outstanding staB^e.
Includes minor aaounte ii^ilch were exchanged for postal savings certificates. These aggregated $^5 thousand for the period July 1,
19U2 through October 31, 19U2.
.
Table 2.- Sales » Classified by Denominations
Percentage dlatributlon of sales
Sales in thousands of dollars
Fiscal year
or month
Denomination
Total
all
denominations
10^
25^
50i
590.268
MO8.930
126,327
191*1*
268,1*11
191*6
109,852
68.727
22,680
313.691
209,121
135-277
56,115
52.508
32,611
191*5
191*3
102,531*
20,91*2
$1.00
$5.00
71.693
26.01*8
1*6,972
17,691
10,882
5.683
Total
all
denominations
Denomination
10^
100.0
100.0
100.0
21.1*
100.
20.6
100.0
ll*.C
25.1
25.6
25^
50i<
12.2
11.5
12.1
i*.3
51.1
11*. 3
5.2
lO.C
8.S
16.9
15.1
6.1*
12.3
11.8
13.2
i*.5
13-0
13.8
i*-3
12.1*
1:1
ll».l
It.
50.it
9.619
igUS-Auguat
September.
17.686
8,H38
2. '•79
9.?2l*
1,76«
2.991*
1,121
1.573
l*,lllO
751
1,272
1*32
100.
18.6
52-7
52-3
October. ..
Hovember.
December.
10,587
2,565
2,986
1,20U
5,1*22
827
i.'<03
1*70
865
398
1.350
692
1*99
322
100.
2U.2
26.2
22. S
51.2
50.0
50.2
7.8
5,696
2,6U3
lOO.C
100.0
1.839
3.507
4,868
271
559
806
1*78
157
25.6
25.6
7.3
3i*3
100.0
100.0
100.0
1*9.8
1,006
1,218
1*8.2
25.1*
i*9.li
7.7
8.2
22. S
1*9.5
21.1*
U9.6
50.8
12.9
10.9
19l*6-January
.
February
March
5.259
3.689
7,273
.
91*6
9.81*7
1,859
2,502
;*rll
May
June
9.309
6,362
3.598
2,128
I.36U
552
U,6l2
3.157
1,828
810
617
357
1.316
86U
602
UU3
360
259
100.0
lOO.C
lOO.C
July
3.283
1*23
1,638
1,67'*
183
81*3
372
182
632
331
218
135
100.0
100.0
Au^st
Soiirce:
.
. . .
.
(1) Total aales:
SbUt Treasury Statement; (2) Distribution by
denominations: Based i^on Post Office Department data.
•53
15-3
$5.00
8.9
8.0
7.8
8.8
53-1
51.1
32.583
15.755
u,396
$1.00
1*9-9
50.5
''i
7.6
l*.l*
U.l
5.1
1*.U
6.1
8.7
9.7
9.S
13.6
l6.8
8
5.7
7.2
11.3
10.9
19-3
19.7
6.6
8.0
October 1946
OWNERSHIP
"5
OF
GOVERNMENT
SECURITIES
Treasury Bulletin
k6
Summary Distribution by Classes of Holders of Interest-Bearing Securities Issued
by United States Government and Guaranteed by United States
(In mlllione of dollars)
Secnritlds isaued
'by
Ihilted States
Distrltnitlon
"by
OoTonmont
Securities guaranteed by
t^ted
States 1/
Distribution by classes of holders
classas of holders
U. S. OoTflmment
tr.
Bad of fiscal
year or month
Total
amount
outstanding
Total
S. OoTenuBant
agencies and
tmat funds
Puhllc
ptibllc and market-
special
Issues
able
issues
Private
Tederal
Easerre
Banks
Public
non-
marketable
Issues
Special
iesaee
Public
marketable
Issues
InTOfltors
Total
amount
unmatured
outstanding
2/
Total
public
Issues
Public
marketable
issues
Public
nonmarketable
issues
agencies and
trust funds and
Tederal Re serve
Banks
Public
mai4cet-
able
issues
Pabllc
noDmarketablc
issues
PrlTftte
iavestors
2/
Public
Public
marketnonmarketable
able
Issues
issues
JiL
1.693
1,791
1.835
2,028
1.558
2,676
3,770
2,101*
6,ia>
193719381939-
35.800
36.576
39.886
V)W.
'»2.376
19111
Ua,3g7
191*2
71.968
135.380
199.5^3
256.357
268,111
IO.3I1O
ll*,091
2,1*52
18.920
I'M
10
2't.93lt
6.105
6.759
17
igkij-kae...
260.71)6
26.11*7
Sept..
259.630
26,635
Oct.
Not.
lec
.
.
259. U39
262,81*9
275.691*
26,71*5
.
19l«6-Jan.
.
277.1*56
27.691
277.912
27.91*9
Mar...
271*, 71*8
i^rll..
May
June
272.711
July.
Au^ost
IS'iJ
19W»
ISMS
19116
..
.
.
.
(1)
3.251
i*.i*66
5.605
6.8O3
8.225
'•.775
2.526
2.56U
2.551
2.U58
2.1S0
30,023
29.51*5
31.730
33.115
37.982
28.835
27.989
29.579
29.950
33.U28
1.188
1.556
2,151
3.166
U.665
'J.55U
6.360
Us. 1*81
13.507
H.5U9
U.092
1.516
7.885
2.6I1O
30
10.871
lU.287
18.812
22.332
1U,899
21,792
23.783
58.9«8
llU.lUl
165.725
209,630
215.206
6,085
6.087
29
29
20,033
20.519
22.530
23.328
212.069
209.667
151*.
6.139
6.098
7.012
29
29
29
20,577
20.710
20.000
23.276
2?,U72
209,1*18
212.51*1
2l*.262
22U.390
167.505
30
30
30
20.655
20,897
21.135
23.261*
22.901*
226.501
227.059
223,975
169,363
169. 884
28.173
7.006
7.023
7.008
7.007
7.009
6.759
30
30
30
21.221*
21.1*81
a9.988
22.332
22.732
22,932
23,783
221.718
268.111
28.261
28.520
29.121
267,039
266.359
29,703
30, 061 p
6.627
6.586 p
30
31
23.01*5
23.1*1*3
271,1*140
29.121
26,837
27.0U1
3
7
p
7.11*9
gU,9U8
120.89}
1».302
363
'*.853
U.528
5.U90
S.lSi*
5.1*98
5,212
6.085
286
275
287
170
U
6
9
115
176
U.262
3.735
1,186
28
68
150
153.1*21
w!8ll5
56.209
159. 061*
56.11*3
>i67
719
153. 1*18
57.350
515
527
29
30
U79
56.21*9
153.375
56.01*3
51*1
32
155.51*2
56.998
56.886
536
553
3U
502
U97
512
57.138
57.176
56,520
51*5
165,3110
163.51*6
215.206
23.63
213.701*
23.9'f
212.353P
22.601
Dally Treasury Statement for total amounts outstanding;
(2) reports of agencies and trust funds for securities held by
U. S. Governmaat agencies and trust funds; and {3) Federal
Reserve System for securities held by Federal Reserve Banks.
Preliminary.
Less than $^00 thousand.
'^
1/
1109
31*
1*90
506
5Ua
32
32
32
56.378
533
33
1*92
56.1*1*2
5U2
159. 061*
56.11*3
1*67
157.336
I55,818p
56.368
32I*
9
3'*
56.53'» P
370
9p
35 P
167. 1*55
i*99
501
500
U2U
281
326
Excludes obligations held by the Treasury and matured securities.
The total amount of securities held by private investora is calcu^
lated by dediicting from the total amount of securities outstanding,
the securities held by U. S. Oovenmient agencies and trust frmds
and by Federal Reserve Banks.
Stated as of close of previous month.
..
..
S
S
U
..
e
October 1946
>^7
Estimated Ownership of Interest-Bearing Securities Issued or Guaranteed
by the United States Government
(Par Taluei 1/ - In blllloni of dollari)
Held by banks
End of
month
Total
asount
outstanding
Commercial
bank a
2/
V
Held b/ non-bank InTestors
Tederal
Reserve
Banks
IndtTlduals
Insurance
companies
Mutual
savings
banks
Other
corporations
and
associations
State and
local
governments
0.
s.
Government
a^nclei and
truBt funds
6/
5/
1939-Docomber.
U7.1
18.1*
igUO-June
December.
50.1*
15.9
2.5
28.7
9.8
18.6
19.5
16.1
17.3
2.5
2.2
29.3
30.9
63.?
21.8
23.7
19.7
21.
2.2
2.3
MO.l
76.5
111.6
28.7
"7.3
26.0
Ul.l
2.6
6.2
118.6
139.5
161.0
168.7
50.1
Ult.2
June
September.
December.
59.'!
52.2
58.3
59.9
5.?
7.2
8.0
11.5
iglA-March
June
September.
December.
185.6
201.1
209.3
230.6
76.2
83.3
87.1
96.5
ik.O
ISU^Harcb.
233.1
256.8
97-1*
6-3
3.1
2.7
9.7
6.5
3.1
2.6
lO.ll
6.9
3.2
2.1*
11.1
13.8
7.1
8.2
3."
3.7
2.1*
U.l;
U7.e
6U.3
18.2
23.8
9.2
11.3
68.6
80.0
26.6
30.3
11.2
13.1
93.
3'».7
l'*-7
97.3
37.1
15.1
109.1*
1*2.2
l6.li
117.7
122.2
133.8
"•5.1
70.5
77.7
12.1
lU.g
16.7
18.8
52.2
17.3
I8.3
19.f
19.7
21.
135-7
150.8
53-6
58.5
20.1*
105.9
77-7
gU.l
26C.3
261.3
260.2
107.2
107.2
107.1
85.5
8U.7
83.7
21.7
22.5
23-3
153-1
15U.O
153.1
260.0
107.7
109.3
8U.1*
263.1*
23-3
23-5
276.2
lli*.3
February.
March.
278.0
278.5
275.3
lu.S
April.
May...
Juno.
273-2
272.0
268.6
July p.
267.1*
19l»l-Jun«
December.
igUS-June
Decefflber.
19l»3-M«rch
June.
Jtay
Au^at ....
September.
October.
November.
December.
19l*6-JaHuary
.
p
1/
2/
^
.
.
.
6.5
3
7.1
:i
7.6
8.5
9.5
10.6
12.2
5.'*
U.6
.8
U.6
5-3
5.9
6.1
12.2
15.7
20.8
20.1
1.3
1.9
2.0
6.8
7.3
7.7
8.3
23.**
27.6
^3
18.1
19.1
20.6
21.7
22.7
8.7
9.6
25.8
29.9
k.h
5-3
22.9
2U.9
59-7
59-8
59.5
22.7
22.5
22-5
9.8
10.0
10.0
29.7
30.0
28.9
5-5
5-5
5-5
26.2
26.6
59.3
62.0
63.6
22.!*
22.2
3
152.3
15U.0
161.9
2U.I*
10.0
9.S
10.7
28.3
27.8
29.9
6.3
92.0
92.5
89.0
23-3
22.9
22.6
162.7
163.0
163.7
63.7
63.7
63.8
2U.7
2U.8
25.0
10.9
29.3
29.0
29.2
6.1*
11.2
111.3
109,8
107.1
88.6
86.9
83.3
22.7
22.9
161.9
162.2
161.5
63-3
§3-3
63.0
25.0
25.2
25-3
11.3
11.3
11.5
27.7
6.1*
23.
26.5
6.?.
28.3
28.5
29.1
105.6
»l-9
23.6
161.3
63.2
25. u
U.6
25.8
6.1
29.7
67.2
71.5
115.3
115.1*
68.1*
85.9
90.1
21*.
1*7.8
Preliminary.
United States eavinge bonds. Series X-D, E. and F are Included at
currant redemption Taluas.
Ouaranteed securities held by the Treasury are excluded.
Consists of comaerolal banks, trust companies, and stock savings
banks in the Dnlted States and in territories and Insular possessions. Xxcludes securities held in trust departments.
6/
U.l
13.1
16.3
15.8
16.9
.8
2.6
3.2
25.7
26.8
26.3
27.0
5-5
27-7
28.0
28.2
6.1*
6.1*
Includes partnerships and personal trust acooonts.
InclTidas savings and loan associations, dealers and brokers, and
investments of foreign balances in this country.
Comprises trust, sinking, and Investment funds of State a' 1 local
gOTensnents and their ageoeles, and territories and Ineular possesslons.
Net Market Purchases or Sales of Government Securities for Treasury Investment Accounts
^
(In millions of dollars)
Vet market purchases or sales (-)
1938.
1939.
1960-
-12.0
1.6
-9.5
-20.9
23-3
-12.5
-5.7
191*1.
-2.5
-.5
-1U.5
12.0
30.0
-90.3
5.8
-72.9
-9.9
-67.5
-8.1
-105.1
191*2.
191*3.
191*1*.
191*5.
191*6.
•
1/
-3.0
.1
-1*8.1
-.7
Apr.
Hay
2.5
-37.1
-1.6
-ito!C
June
.8
5.0
Sept.
-3.9
3.3
-8.U
-I5.S
-2.7
-5.0
1*.8
-19.0
-.2
-28.1
-12.5
-5.9
-12.0
38-5
71.9
-.3
1.0
.1*
6.5
-1.2
-k.H
-2.8
-•3
-3.2
-1.1
-"•.5
-.2
-1.0
.u
-3
-2.3
-35-2
-11*5.8
-67. S
-16.5
-55.6
3-3
-10.0
20.5
-56.1
-69.8
-I8.5
-17.0
-157.8
-3U.I*
.1*
U.
S.
Kov.
1.2
3.0
:l
Less than $50 thousand.
Consists of purchases or sales made by the Treasury. Treasury Investment accounts comprise (1) trust funds which by lav are under
the control of the Secretary of the Treasury or of the Treasurer of
the United States, and (2) accounts under the control of certain
Aug.
.9
-.7
-11.5
-5.9
July
60.0
-1*1.2
Oovemment agencies whose investments are handled through the
facilities of the Treasury Department. This table also includes
purchases under Section 19 of the Second Liberty Bond Act, as
amended, and excludes the Kxohange Stabilization Pond.
h8
Treasury Bulletin
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, July 31, 1946
The tables In Section I present summary data aa of
July 31, 19't6 from the Treasury Survey of Ownership of
Securities Issued or Guaranteed by the United States.
The banks and Insurance companies covered in the survey
account for approximately 95 percent of the amount of
Section
I
-
such securities owned by all banks and Insurance companics In the United States.
Section II presents summary data on the ownership
of Federal land bank bonds, Federal Intermediate credit
bank debentures and Federal home loan bank debentures.
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary:
All Interest-Bearing Securities
(In nilllanB of dollars)
Classification
October 1946
k9
Treasury Survey of Owierehlp of Securities Issued by the United States
Government and by Federal Agencies, July 31, 1046 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 2.- Public Marketable Interest-Bearing Securities
PART A - ANALYSIS OF OWNERSHIP BX TYPES OF SECURITY
AND BY TAX 8TATUa-( Continued)
BY
-
-
(Continued)
(Continued)
Treasury Balleiin
50
TreaBury Survey of Ownerehip of Securities Issued by the United States
Government and by Federal Agencies, July 31, 1946 - (Continued)
Section
I -
Securities Issued or Guaranteed by the United States Government - (Continued)
Table 2.- Public Marketable Interest-Bearing Securities
PART B
Issue
etatUB 6/ le ehown in parentheees)
(Continued)
DISTRIBUTION OF OWNERSHIP FOR EACH ISSUE OUTSTANDING
(Far Taluee - In millions of dollars)
(Tajc
-
October 1946
51
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, July 31, 1946 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 2.- Public Marketable Interest-Bearing Securities
PART B
-
leena
llllona of dbllare)
(Continued)
(Continued)
DISTRIBUTION OF OWNERSHIP FOR EACH ISSUE 0UT8TAJfDIN(}-( Oontlnuod)
(Par Talaee - in
(fax statttj 6/ la ahovn 1a parentheees)
-
-
Treasury Bulletin
52
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, July 31, 1946 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
-
(Continued)
Table 3.- Public Non-Marketable Interest-Bearing Securities
(Par Talues - In allllonB of dollara)
Hald
V
laveBtora covered in Treasnry Sorrej
Insoraaee conpanlae
Banks Sj
(lax atatna 1/ la
Total
amoimt
ontataadla^
ahom la paranthaaaa)
6U3 flra,
312
eoi^erclal
stock
matri&l
3/
banki
banks
liumranee
United States aavlDga ^onda
Series B-D
Series I
Series T
Series G
^
3.3t6
(6/
(taxable)
( taxable]
(taxable)
2. Silt
219
6.669
uio
lOU
38O
Qoaranteed securities Jj
Commodity Credit Corporation deaand obliga(taxable)
tions
281
Total pnbllc uon-markatable aecorltlea.
56,680
(Tax status 1/ is shoni in parentheses)
16
99
2k
169
2k'}
i/
1
30.3118
1
11
2.6U3
11.721
13
l»7.«6l*
17
6.537
30
11
1.358
y
5/
2U3
118
207
30
5l(.U3l
This column Includes sociirlties hald by thoae banks and insurance
campanies which are not coTerad in the Treasury Survey.
See headnote to this sectionUnited States aavlnga bonds, Series B-D, E, and T are shown at curThey ware reported at maturity value by the
rant redenption values.
banks and insurance coiif>anie8 covered in the Treasury Survey but have
been adjusted to current redeioption values for use In this statenent
Series B-D savings bonds sold prior to March 1, 19UI are partially
tax-exempt; those sold on and after that date are taxable.
Ouaranteed securities held by the Treasury are not included.
C.C.C. donand obligations in the amount of $281 million held by
all commercial banks are shown only in total amount outstanding.
•
6/
Interest-Bearing Securities Issued by Federal Agencies
But not Guaranteed by the United States
(Par valuas - in alXllona of dollars)
Isene
V
iBTastore
8/
Leas than $500 thousandFederal securities fall Into three broad groins with respect to Ijnpoaltion of Federal Income taxes on Income derived therefrom.
"Wholly" tax-exei^t securltlea are exes9>t from both the normal and
"Partially" tax-exes^t securities are execpt from
surtax rates.
the normal rates except that In the case of partially tax-exeaipt
aavlngs
bonds. Interest dexired from $5 thouaand of
Treasury and
principal amount owned by any one holder Is also exeunt from the
"Taxable" securities are subject to both ooxmal and
surtax ratee.
surtax rates.
Securities held in trust departments are excluded.
Includes trust companies.
Section II
9
228
12,711
(taxable)
(taxable)
bid
all athar
3.152
177
87't
Treasury aavln^s notes
D<poeltai7 bonds
and Barlae
inauranee
eovpanles
30.3't9
U9,320
Total United States sarlngs bonds.
oospanliOa
eaatialty,
iai U. S.
Oorarameat
a^miolee and
troat ftoda,
and Tftdsral
Baaerre
Banks
October 1946
PRICES
53
AND
YIELDS
OF
GOVERNMENT
SECURITIES
(Including securities issued by Federal agencies)
Treasury Bulletin
5^
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
August 30, 1946
Table I*- Securities Issued or Guaranteed by the United States Government
PART A
-
TAXABLE BONDS, NOTES, AND CERTIFICATES
Price data
(Price deolmals are
thirty-seconds)
Amount
out•tandla£
Change
in
mean
fron
Deaerlptlon
(fflll-
llone)
Tl*ld data
Tleld
to
earliest
call
2/
Treasury tonde tank eligible
$1,115
3.062
l.Ollt
1.292
2.098
1.963
U.939
2.635
2*
1-3/im
1-1/2*
7.9»
510
1.02U
5.825
1.501
8.662
1.1A9
2.716
-
3/l5/'i«-50
-
6/15/U8
6/15/1*^51
-
9/15/''9-51
a
-12/15/U9-51
102.
3/15/50-52
9/15/50-52
-:12/15/50
- 9/15/51-53
-12/15/51-55
102. 2U
2-1/2*
2*
-
3A5/52-5U
-
2-l/U)t
-
6/15/52-5U
6/15/52-55
2*
-l2/l5/52-5fc
-
2-1/2*
101. IH
101.07
102.12
102.15
-
102.28
101.08
103.06
103.10
101.16
101.09
102.17
102.23
101.15
101.08
102.13
102.16
102.22
102.26
102.30
301.10
103.08
103.12
102.25
102.29
101.09
103.07
103.11
102.1>*
105.19 105. 18
10J.08+ 103. lO*- 103.09
IOU.I6 IOU.I5
103.13- 103.12
107.03 107.05 107.01*
105.11*
105.16 105.15
105.17
lOU.ll*
103.11'l
3/15/56-58
9/15/67-72 U/
Treasury bonds hank restricted 5/
3.823
5.28U
1/t*
2-1/K*
3.'t70
2.
us
2.831
3.761
3.838
5.197
1/2*
9/15/56-59
6/15/59-|2
-12/15/59-62
- 6/15/6a-67i/
-12/15/63-685'
lOlt.29
IOI1.3I
-
102.00
102.00
IOU.I6
101*. 02
102.02
102.02
6/15/6l|-69{i/
103.23
103.21
103.19
103.15
102.18
102.17
103.25
103.23
103.21
103.17
102.20
102.19
103.22
103.20
103.16
102.19
102.18
100.05*
100.06
100.19
100.11
100.31
100.06*
100.07
100.20
100.12
101.00
100.06
100.06
100.20
100.12
101.00
.12/l5/6lt-69W
3.'»81
2-1/2*
2-1/2*
7.967
11,689
2-1/2*
IOU.3O
102.01
102.01
IOU.I7
IOU.O3
-
-
3/15/653/15/65-70g
'
3/15/66
3/15/66-715/
' ' 72ij/
6/15/67
-12/15/67-725/
-
V
101*.18
lOU.Ol*
103.
2l*
Treasury notes
3.261
1.9U8
2.707
1.687
3.7W
1-1/2* B-I2/I5/I46
1-1/1(* B- 3/15/'t7
1-1/2* A- 9/l5/'t7
1-1/U* C- 9/15/>»7
1-1/2* A- 9/15/'*8
Certificates of
indebtedness 5/
3.
wo
3.778
3.768
3.330
U.95'»
7/^
7/8*
7/8*
7/8*
7/8*
7/8*
0- 9/I/U6 1/
H- Wlll'Ud
J- II/I/I16
K- 12/l/ll6
AI/I/U7
B- 2/1/1*7
7/8*
CD-
7/8*
Ir.
8/ 7/8*
p0H-
3.133
2,820
2.775
2,916
1,223
1/1/U7
Vl/'t7
6/1/U7
7/1/U7
8/1/1*7
9/1/1*7
100.00
8U*
8U*
82*
85*
85*
100.00
82*
85*
85*
36*
86*
81**
*^
8W
8U*
81**
::SJ
1/
Chan^
In
yield
from
Jul/ 31,
191*
Tleld
to
matu-
Sate
of
issue
Price rall£e
since first traded 2/
(Price daclnals are
thirty-seconds)
19^
price ran^e 2/
(Price decinals are
thirty-seconds)
Bigh
Elgh
rity
i/
Price
Date
Price
late
Price
fiat*
Price
Sate
October 1946
55
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
August 30, 1946 - (Continued)
Table I.- Securities Issued or Guaranteed by the United States Government
PART B
Anount
outBtandlng
(MIIIIodb)
-
TAXABLE TREASURY BILLS
l/-
(Continued)
56
Treasury Bulletin
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
August 30, 1946 - (Continued)
Table II.- Securities Issued by Federal Agencies but not Guaranteed by the United States
oatetaadln^
;«illlsna)
October 1946
57
YIELDS OF TREASURY SECURITIES
AUG. 30. 1946
Based on Mea<i of Closing Bid and Asked Quotations
Treasury Bulletin
58
Average Yields of Long-Term Treasury and Corporate Bonds
(Parcant par aimian]
Partially Tambla
tax-exanpt Treaauzy
Traaaury bond!
1/
^ondfl 1/
Partially Tazabla
tax-azampt Traaanry
Traaauiy
bonda ly
bond! 1/
£rada
coTporata
bondi 2/
Hontbly aarlaa
193S-Jan.
1.95
1.93
l.JX
2.lt9
2.II9
2.1<8
2iw
ipr..
May..
Jona.
i.gu
1.9U
2.1*8
2.fil
1.91
2.>I9
2.I49
2.5«
2.58
July.
int..
Sapt.
1.89
1.90
1.93
2.149
2.1)8
2.1)7
2.»
Oct..
Sot..
S«l..
1.93
1.90
1.87
2.<I8
2.1)1
2.1)8
2.59
19U5-J*B.
Tab..
Mar..
1.81
1.75
2.1)1)
2.80
2.80
2.«
2.5S
LTD
2.1)0
2.5.
I'M
1.68
1.68
1.63
2.39
2.39
2.35
2.1)9
2.^5
2.U3
ipr..
May..
2.3U
2.36
2.37
2.56
2.35
2.33
2.33
2.5U
2.5U
2.57
2.71
2-73
I9'll4-Jaa..
ipr..
May..
Asna.
2.07
2.76
2.75
2.7D
3.12
3.10
3.12
July.
tag..
Sapt.
1.98
2.01
2.02
2.66
3.06
3.0U
3.02
Oot..
Sdt..
1.98
1.95
2.06
2.3U
2.3U
2.10
2.17
2.10
2.l|8
2.7S
2.I18
2.I44
Tab..
Mar..
3.17
3.15
3.16
i^r.,
May..
Jnna.
2.66
2.56
2.5*
3.25
3.1U
3.15
Joly.
iuc-.
Sapt.
Oat..
5sT..
Dae..
56
1939-J.B..
5U
2.96
2.90
2.87
ipr..
^
2.12
2.22
2.12
2.69
2.£e
2.67
Tab..
Mar..
ig'tl-Jan.
Tab..
Mar..
Bm..
19US-Jaii.
Nb..
Itar..
2.0>t
2.01
2.U6
2.07
2.06
2.04
2.75
JNana.
2.1)6
2.7"*
JBly.
2.U7
2.U6
2.73
2-73
Sapt.
1.68
2.72
2.71
2.72
Oct..
BOT..
Daa..
1.62
1.56
2.27
2. 22
July.
2.76
2.79
3.29
Ally.
Sapt.
2.23
2.27
2.67
l^apt.
2.0U
2.06
2.08
Oct..
lOT..
£«:..
2.6o
2.U6
2.35
3.lt
2.9J
2.86
Oct..
lar..
Dae..
2.09
2.10
2.13
2.U5
2.U7
19110-Jan.
yab..
2.30
2.32
2.26
2.81
2.79
2.77
19U3-Jan.
Tab..
Mar..
2.11
2.U
2.1(£
2.1|6
2.12
2.>I8
ipr..
May.
Jtaa.
2.26
2.7U
2.87
2.93
ipr..
May..
Jtma.
2.05
1.96
1.91
2.U6
2.U5
July,
iag..
Sapt.
2.30
2.31
2.25
2.85
2.80
2.71
July.
tat..
Sapt.
1.91
1.92
1.90
2.U5
2.
Oet..
•OT..
2.21
2.09
2.01
Oct..
1.90
I.9U
1.95
2.I48
2.59
oT..
lac..
2.I49
2. '-18
2.>«S
2.
2.I18
2.I18
2.U9
Veel£l7 aerltt - Saturda/ flgaraa 2/
19U6-Mar.
2.
J;
23
30.
Apr.
6.
1320.
27-
2.10
Tab..
Mar..
Jpr..
May..
Mv..
Jma.
Sac.
2.61
2.U7
2.92
2.86
2.78
Mar..
Partially laxabla
Bl^ta>-ax«q)t Traaauxy
grada
Traaauiy
eorporata
bonda 1/
bondi 1/
bond! 2/
Hlghgrada
corporat4
boada 2j
2.g
2.59
2.57
W
2.5!)
2.a
2.1)3
Tab..
Mar...
2.12
2.09
2.36
2.35
2.6s
2.65
2.63
Apr
2.08
2.19
2.16
2.U2
2.58
2.57
2.59
July...
2.70
2.68
2.70
2.60
2.61
2.63
19>4€-Jaii.
.
.
May...
June.
iugtist.
2.18
2.23
sM
2.1)1
S.HU
October 1946
59
Q
O
CD
liJ
<
O
a.
oc
o
o
>q:
I
f
uj i
q: CO
I—
UJ
\-
it
*
:*«
^
I
o
•S
S
^
*
</)
o
_l
llJ
>•
LlI
<
UJ
>
<
§
60
CORPORATIONS
OF
THE
Treasury BaUetin
CERTAIN OTHER AGENCIES
UNITED STATES GOVERNMENT
AND
U
.
8
.
61
October 1946
Corporations and Certain Other Agencies of the United States Government
^arterly data relating
oorporatlone In nhloh
to
tion of funds.
the United States has a proprietary Interest, direct or
Indirect,
and certain other agencies
three sections.
bilities,
expense;
Section
I
are
The tables
published In
month
contains data on assets, lia-
- Assets,
I
In section I are compiled from midTreasury Statements."
The tables In
are obtained from reports of the
corporations and other agencies, adjusted by the Treasury Department.
sections II and III
section II, data on Inooae and
and capital;
and section III, data on sources and applica-
Section
"Dally
Liabilities, and Capital as of June 30, 1046
Table 1.- Summary la/
«
(In Bllllona of dollars)
Caoh 1/
Depoeits with OoTvmaent ooxporatloafl
and aganolee
Corpor*tlona
Certain
othor
«e«ncles
1.305.0
926.5
378-5
238.1
238.1
93U.9
5,381.0
93'«.7
.2
1.397.5
983-6
Accounts and notes receivable from;
OoTerDBent corporations and agenclee
Others, lees reeerres
1,807.2
682.3
l,U56.3
259-6
SIS''
5T.0
88.1
12.0
Othere. less reserves
Advances to contractors and agente
Conmodltlee. et^lles.. and naterlals
.
.
.
InveetDents:
Pulillc debt obligations of Ihlted
States
Securities of Oovemiient agencies
guaranteed by Onlted States
Other secnrltles. lees reserves
(hjaraateed secnrltles held by TreasuiT..
Its.
U5.0
39-3
2U8.h
151.2
97-2
l.SUS.T
I.h83.0
66.7
1.767.2
1.66U.1
103.1
8.6
U38.5
•'«
Acquired security er collateral, lees
reserves
lotal oapl tal
Total liabilities and coital
Paid-in oqiital
5.93'».5
19.5
Deferred charges
37.5
Total investment ef tblted States
Undistributed charges
3«5.3
266.1
U9.1
uned
Coital Btock and paid-in surplus of
Oovemnent corporations
I4I15.2
266.7
178.5
Other aeeets
166.9
39-5
127. H
115,032.1
lg.U33-3
26.598-8
Trust and deposit llaMlltles to:
Oovernjnent oorporatlone and agencies
Others
Bonds, debenturee, and notes payable
to:
2/
Government corporations and agencies:
Ouaranteed securltlea leausd to
U. S. Treaaury
Ouaranteed securities - public
laauee
Hot guaranteed 2/
0th era:
Ouaranteed securities
Hot guaranteed 2/
633-9
T55.9
612.9
21.0
1172.5
283.1)
57-1
56.U
221.2
•7
lt.2
1.088.8
U59.I
111.5
lU.U
225.
"»73.Ii
11. 672.1
11,672-1
8.6
538-9
8.6
396.0
291.1
1.23U.2
33-9
Deferred credits
886.0
731.7
15U.3
Undistributed credite
529.2
U21.2
107.9
Total llabllltlee
Bote:
See page 82 for footnotea.
surplus (or defieit [«>J
(United States share)
aS.SlS-l
-1.506.2
25,051.6
1)82.1
1)82.1
21), 027.1)
-l,02l).2
25.051.
1*5.032.1
18,1)33.3
26,598.8
39.7B5-3
3.987-8
35.857.5
178.5
,
Book value of United States interest,
Including interagency iteme
Interagency items:'
Amounts due to:
Government corporations
Certain other Oovemment agen-
dee
Government agencies not required to report
Amounts due from:
Interagency proprietary Interests
Oovsmment corporations
Certain other Oovemmeat agenoles
Government agencies not required to report
-
Total interagency assets
Book value of Ifalted States Intereet
after ezcluaion ef interagency itema.
Contingent liabilities
Guaranteed loane.
i3't.9
I3U.9
1.933-9
I.522.U
Uu.U
21.0OU.7
19,1*57-5
1-517.2
.
11,672.1
.11.672.1
39.785.3
15.599.9
au.ies.i*
-16,239-9
-5.i*3i).o
-10,805.9
23.51*5-1*
10,165.9
13.379.5
1.909-8
1,502.9
1)06.8
59.U
53.«
5-6
865.5
71)0.2
125-3
2.831.7
2,297.0
537.7-
-1)1)5.2
-1.556.7
-266.7
-1,502.9
-178-5
-53-8
-1)12.5
-1)06.8
-5.6
)
Total interagency liabilitiea.
1.200.3
325.0
1,23U.2
Obllgatlone to purchaae loans held by
lending ageneiee
Other liabilities (including liability
reaervee)
2l*,g73.l
freaaury leaaa to Government corporations
328.5
Accrued liabilities:
Oovemfflont corporations and agencies
Others
266.7
-1.772-9
11,503.1*
52.9
llabllltlee
Accounts payable to:
Governitent corporations and agencies
Others
Ith5.2
23,100.2
Analysis of investment of Thited States
366.0
Total assets.
Cortaln
other
acoBclea
163.1
11,672.1
11.672.1
17.>»37.«
tiODB
8.6
275
Land, structures, and equipment, leas
reserves
Total Oilted States interest
Privats Interests
leoruad aseetsi
Corporft-
Cspital
United States Intereat:
OovemmcBit eoiporatloasaad agenoies
Other
Loans roealTable frosi
OoTomoent corporations and a£flnela«
Others, less reeerree
OoTemment corporations and agencies
Total
-1,076.6
-739.8
-336.7
-3.1190.9
-a,9l6.3
-57l*.6
22,889.2
9.51*6.6
13,31*2-6
I.8.3
25l).g
1)8.2
250.7
l».2
Treasury Bulletin
62
Corporations and Certain Other Agencies of the United States Government
Section
I
- Assets,
-
(Continued)
Liabilities, and Capital as of June 30, 1946 - (Continued)
Table 2.- Conparison of Gross Loans Outstanding, Excluding Interagency Loans,
by Type of Loan for Recent (3uarterly Periods
(In allllons of dollara)
a
5
.
t
October 1946
1
>
63
Corporations and Certain Other Agencies of the United States Government
Section
I
- Assets, Liabilities, and Capital as of June 30,
-
(Continued)
1946 - (Continued)
Table 3.- Comparison of Gross Loans Outstanding, Excluding Interagency Leans,
by Agency and Type of Loan, June 30, 1945 and June 30, 1946
(In mllllonB of dollarB)
Loans to aid
acrlcnltnre
Loane to aid
home own art
Loane to aid
Industry
Corporation or other agency
June 30
I9U5
Corporation
Executive Office of the President:
Office for IfaiergeQOy Manaeenent:
Smaller Var Plants Corporation
140.0
Department of Apiculture:
Commodity Credit Corporation
Farm Credit Administratlont
Banks for cooperatives
TedersuL Intermediate or edi t banks
Federal land banks
Regional ierleultural Credit Corporation of
Washington, D. C
Federal farm Mortgage Corporation
300.9 r
135. u
295.0
1,13^.0
9.6
326.6
Department of Oeinmerce:
Inland Watenray^s Corporation
Department of State:
Office of Inter-Amerlean Affairs:
Prenclnradlo Inc 2/
.
.
Izport-Inport Bank of Vashiagton
Federal Deposit Insurance Corporation
21H.3 r
15.8
Federal loan Agency:
Reconstruction Finance Corporation and certain
affiliates:
Reconstruction Finance Corporation
Disaster Loan Corporation
Federal National Mortgage Aseoolatlon
Hie E 7 C Mortgage Con¥>any
Defense Sx^iplies Corporation
Babber Development Corporation
U. S. Commercial Coiq)any
I.03U.I
l.U
10.0
59.0
66.3
2.H
Hational Housing Agency:
Vbderal Home Loan Bank Administration:
Federal home loan banks
H^me Owners' I«an Corporation
Federal Public Housing Authority and affiliate:
Federal Public Housing Authority
Defense ^mes Corporation
Tennessee Valley Associated CooperatlTefl. Inc
289*6
.9
.2
Tennessee Talley Authority
.
131.7
96U.6
2.6
Total loans of Govemaant cotporatioBB
5.O3U.9 r
Certain other agencies
Department of Agriculture:
l^srm Credit Admlni strat ion 6/
Tarm Security Administration
Boral Klectrlflcation Administration
150.3
U97.8
377.0
Department of the Interior Jj
Federal Wo rice Agency 8/
IJ.U
76.9
Hational Housing Agency:
Federal Bousing Administration
21.3
Onited States Merit loa Commission
Other 2/
go.
Total loane of certain other OoTemaent agenolee.
Corporations and certain other agencies
Total loane
Vote:
Sea pago S2 for footnotes.
6.T
.
.
June 30.
19U6
June 30.
19U5
June 30
June 30-
19146
1$^
June 30.
I9U6
Jmie 30
19M5
June 30.
19U6
Treasury Bulletin
6U-
Corporations and Certain Other Agencies of the United States Government
Section
I
-
(Continued)
-
Assets, Liabilities, and Capital as of June 30, 1946 - (Continued)
Table 3.- Comparison of Gross Loans Outstanding, Excluding Interagency Loans,
by Agency and Type of Loan, June 30, 1045 and June 30, 1946 - (Continued)
(In alllloiu »f dollan)
Corporation or other agonoy
Loani to aid
Statai. Tarrltorlee, etc.
June }0t
Jtoa 30,
19U6
Loana to aid
flaasslal
Inatltutiona
Jona 30.
19U5
Jmta 30.
19ll£
Othar
loans
Foralgn
loans
Jona 30
Jnna 30,
19U9
191*6
Jims 30,
19't5
Jma
30.
19146
Corporations
fttecatlTS Offlea of the President:
Of floe for Snerganoy Management:
fiballer War Plants Corporation
Departaent of Agrloulture:
Cenuaodlty Credit Corporation
Para Credit Adalnlstratlont
Banks for cooperatlTes
Federal Intermediate credit hanks
Pederal land hanks
Regional Agricultural Credit Corporation of
Washington, C. C
Pederal 7am Mortgage Corporation
Department of CoiSDerce:
Inland Watenraars Corporation
Department of State:
Office of Inter-Amerloan Affalrat
Pranclnradlo Inc.
^
,
.1
Export- laport Bank of Vaahlngton
Pederal Deposit Insurance Corporation
Pederal Loan Agenoy:
Reconstruction Plnanee Corporation and cartala
affiliates:
Beconstruetlon Plnanoe Corporation
Disaster Loan Corporation
Pederal Hatlonal Mortgage Aasoolatlon
The RPC Kortgnga Co^any
Defense Sillies Corporation
Rahher DeTOlopment Corporation
U. S. Commercial Company
15.8
8.8
62. >»
lt5.8
21U.I r
733-8 19/
276.9
236.9
.U
,
Hatlonal Bousing Agency:
Pederal Home Loan Bank Administration:
Pederal home loan ^anks
Home Owners' Loan Corporation
Pederal Public Housing Authority and affiliate:
Pederal Puhllc Housing Authority
Defense Homes Corporation
123.5
107.
30lt.8
l.l»
«
18.1
166.9
5/
*
18.6
1U.2
1.5
l.U
326.6
182.8
7.8
7-5
21.3
22.9
U.8
5-3
3U.0
35-8
360-5
218.6
y
1-5
131.7
228.
278.2 11/
1(12. J
386.5
203.3
Tennessee Talley Associated Cooperatlree. Ino
Tennessee Tallay Authority
Total loans of OoTemmaat eorporatlona
209.8
257.9
511. U r
972.3
Certain other agencies
Department of Agriculture:
Pnm Credit Adjoluletratlon 6/
Farm Security Administration
Boral Xlectrlf icatlon Administration
Department of the Interior J/
Pederal Works Agency 8/
76.9
80.
national Housing Agency:
Pederal Eouelng Admlnletratlon
United States Maritime Commission
Other 2/
Total loans of certain other OoTamaant ageaclea...
Corporatlone and certain other aganelaa
Total loans
Sots:
See page 82 for footnotes.
76.9
80.
US9.Z
ii67.o
209.8
257-9
511.lt
r
972-3
65
October 1946
Corporations and Certain Other Agencies of the United States Governinent
Section
I
- Assets,
-
(Continued)
Liabilities, and Capital as of June 30, 194B - (Continued)
Table 4.- Corporations
(In Dlllloni of dollars)
Treasury Bulletin
66
Corporations and Certain Other Agencies of the United States Government
Section
I
-
-
(Continued)
Assets, Liabilities, and Capital as of June 30. 1946 - (Continued)
Table 4.- Corporations
(Continued)
-
(In mllllooB of dollars)
Departaent of Agrlcultxir*
Vara Credit
AdK.
(contM)
Begional
A^lcultural
Credit Corp.
of Vaeh.. D. C.
Asset
Caah 1/
Deposits vlth other OoTammsnt corporations
and agencies
Loans recelTable from:
Oovenuaent corporatlone and ageooies
Others, less reserves
Aecotints and notes receivable from:
OoTemment corporations and aganoias
Others, less reeervea
Accrued assets:
Govemment corporations and agencies.
Others, less reeerrss
Advances to contractors and agents
Commodities, ei^plles. and materials
Investments:
Public debt obligations of United States
Securities of Oovemment
agencies goaranteed by lAiltad States
Other securities, lees reserves
Land, structures, and equipment* less reserves.
Aoqulr&d security or collateral, lees reserves..
Deferred charges
Ilndlstrlhuted charges
Cq)ltal stock and paid-in sorpliu of OovamDent corporations
Other assets
Totca assets
12.
15.0
Liahilitits
Aoconnts payable to:
QovenuBsnt corporations and agenoles
Others
Anomad liaMlltiest
Oovemment corporations and agencies
Other 8
Trust and deposit llahillties to:
Oovemment corporations and aganolat
Others
Bonds. dehentTires. and notes payable:
2/
Oovemment corporations and agenoles:
Guaranteed securities Isstied to Treasuzy
Not guaranteed 2/
Others:
Guaranteed securities
Not guaranteed 2/
Deferred credits
Tbdistrlbuted credits
Obligations to purchase loans held by landing
agencies
Other llabilitiee (including liability reserves)
Total liabilities
Capital
U. S. owned:
Capital stock
Pal d-ln surplus
Emended ^tproprlatlone
Earned surplus (or deficit [-]
.1
21.8
-7-5
)
Total Ihlted States owned
Privately owned:
Capital etock
Earned surplus
Total privately owned
Total capital
Total liabilities and ccqjltal
Analysis of Investment of Thlted States
Book value of thlted States interest including
Interagency items l^/
Interagency items (net), amounts due to (or
from C -U )
Oovemaent corporations
Other Gov't agencies excluding Treasury
loans to Government corporations
,
Book vedne of Tfoitad States Interest after exclusion of interagency items
Contingent liabilities
Ouarantaed loans
Other
Note:
See page 82 for footnotes.
^
federal
Tara
Mortgage
Corporation
-
(continued)
Federal
Crop
Iniurance
Corporation
Federal
Surplui
CoDiDodltlea
Corporation
(In liquidation)
DepartneDt
of CMDEterce
Inland
Vaterwaye
Corporation
20/
Department
of Interior
The
Virgin
Islands
Coopany
Department
of Justice
Federal
Prison
Industries,
Inc.
Department
of
State
21/
7
U
3
October 1946
67
Corporations and Certain Other Agencies of the United States Government
Section
I
- Assets,
Liabilities, and Capital as of June 30, 1946
-
-
(Continued)
(Continued)
Table 4.- Corporations - (Continued)
(In illlloni of dollars)
Var Department
Federal loan Agaosy
United
States
Spruce
Prodnotion
Corporation
(la liquidation)
Baoonstnutlott Plnancs Corporation and cortaln affiliates
bportI^Mrt
Bank of
Washing ton
Aosots
Cadi 1/
Psderal
Deposit
Insurancs
Corporation
6.8
BaoonPedsral
struction
Bational
finance
Mortgage
Corporation
Association
28/
11/ 28/
(as of 5731/'<6) (as 0*5/31/116)
The ape
Mortgage
Co^)any
28/
(aa of
5/31/116)
33.>»
l^ffMilta vlth ethar OoTaramant oorporatlona
and a^anoiaa
Loani recalTable from:
.1
Oovanaent oorporatloM and a^enclaa
Otbara, loaa raaarroa
IccoTmta and notae raoalTabla froat
OoTamaaDt eoiporatlona and asonolai
Others, less resorres
Accrued asaetsi
OoTemaent corporations and agsnelea
Others, less resorres
AdTancss to contractors and agents
ComDOditlee, sopplles. and materials
Investaentsi
Public debt obligations of ITnlted States
Seonrltlss of OoTomoent
agvnoles goarantaad Itr Ibltad States
Other seotirltles, Isss reserves
Land, struoturesi and e^nipaent. less reserves..
Acquired security or collateral, lass resarras..
Deferred charges
Undistributed charges
Cspltal Btook and paid-in surplus of Qotsotbent corporations
Othar assets
700.512/14/
^tal asssts
go6.6
Liabilities
Accounts payable to:
OoTamaent corporations and asaneies
Others
Accrued liabilitiss:
QoTanuBent corporations and aganoiea
Others
Trust and deposit liabilities to:
QoTemment corporations and agencies;
Others
Bonds, debentures, and notes payablsi
2/
QoTsmaent corporations and agenciest
Ouarenteed Becurltiee issued to Treasury
Sot guaranteed 2/
Others:
Ouaranteed securities
Hot guaranteed 2/
Deferred credl t s
%dl Btrlbuted credits
Obligations to purchase loans hsld by lending
agencies
Other liabllltiee (Including liability resarras)
Total liabilities
6.7
3
6.6
19.5
918.
3-5
772.lt 16/
.1
.1
.1
305-3
90-2
i>.i
2.U
16.6
117.
.1
8U7.3
976.8
>I8.0
5.6
U,8U7.6
20.3
32-5
10.7
206.
Ii
7.0
•5
.1
23s .0
166.7
22-7
99'»-8
.1
.8
8.6911.3
13-9
39-7
518-3
31.8
.2
t5-7
.2
627.8
53-7
9. 205.it
6.9
lt72.5
.6
376.S
2.8
125-9
703.5
5it.3
126.3
705.5
11,350.0
675.0
150.0
325.0
U.l
Coital
U.
S.
owned!
Capital stoclE
Paid-in surplus
Izpandsd appropriations
Xamed surplus (or deficit [-]
)
Total United States owned
5-3
680.3
Privately owned:
Capital stock
Earned surplus
Total liabilities and csfiital
Analysis of inveetnent of Paited States
Book value of United States interest, laoludlng
Interagency ItsBs 12/
Interagency itsas (net;, eaouats due to (or
from [- 3 ):
OovemAent corporations
Other Oovemment agencies excluding Treasuxy
loans to GovemBent corporations
Book value of United States interest after axel uaion of intsragancy Itesis
See page S2 for footnotes.
25.0
-3.039-9
2.6
3.6
-2,695.6
13.6
28.6
-i3X-
139.3
680.3
889-3
-2.695-6
806.6
99't.g
8.69U.3
13-9
680.3
150.0
6,509.7
13.6
680.
Contingent liabilities
Ouaranteed loans
Othar
3i/
150.0
139.3
Total privately owned
Total o^ltal
Hote:
10.0
1.0
llJ
7-0 10/
150.0
6lt.7
-6.7
-27U.lt
-.6
6,300.0
6.lt
Treasury Bulletin
6S
Corporations and Certain Other Agencies of the United States Government
Section
I
- Assets*
-
(Continued)
Liabilities, and Capital as of June 30, 1946 - (Continued)
Table 4.- Corporations
-
(Continued)
(In allllone of dollars)
Hatlonal HouBlne Agency
federal Home Loan Bank Ailmlnletratlon
Federal
home
loan
banks
Assets
Cash 1/
Deposits with other Oovemment eorporatione
and agencies
Loans receivable from:
OoTemoent corporations and aeenclee
Others lees reserves
Accoonte and notes receivable from;
Government ooiporatlone and agencies
Others, lees reserves
Tederal
SaTingB
and Loan
Inflxurance
Corporation
21.
1-3
203-3
.
Hone
Omere'
Loan
Corpora^
tlon
22.5
722.5 16/
.1
1.7
7
.6
.1
.2
federal Public Honslng
Atitborlty and affiliate
federal
Public
Housing
Authority
Defense
Homes
Corporation
10.8
.8
•3
1.1
279-6 22/
•
3-"
Acci-ued assets:
OoverzuDent eorporatione and agencies
Others, lees reserves
Advances to contractors and agents
Commodities, siqiplies, and materials
iBveetmente:
Public debt obligations of United States
Securities of Oovemment
thilted States
aganolai goarantaed
Other securities, less reserves
Land, structures, and equipment, less reserves- •.
Acquired security or collateral, less reserves...
Deferred charges
Undistributed charges
Coital stock and paid-in aorplua of floramment corporations
Other assets
2.6
.1
.
,
,
122.5
166.0
15.0
7-9
^
18.0
•
2.1»
226.0
59.9
-5
.3
.8
1-3
,
Total assets
3>t8.1
Ltabllltlos
Accounts payable to:
Government corporations and agencies
Others
Accrued liabilities:
Government corporations and agencies
Others
'Smvt and deposit liabilities to:
Oovernnent corporations and aganeies
Others
Bonds, debentures, and notes payable:
2/
Government corporations and agencies:
Otiaranteed securities Issued to Treasury
Kot guaranteed 3/
170.7
183.6
532.6
62.9
.2
.1
20.3
737-0
360.0
U9.U
Others:
Guaranteed securities
6.0
Hot guarante.ed 2/
67.0
Deferred credits
thdlstributed credits
Obligations to purcbase loans held by landing
agencies
Other liabilities (Including liability reserves).
Total liabilities
.1
3-2
1-3
67.
122.9
70.7
765.3
361.6
50.6
Cegltal
U. 3. owned
Cepi tal stock
200.0
123.7
Paid-in surplus
Emended appropriations
Earned Hurplue (or deficit [-^
1.0
8
76.5
111).
21/
)
Total United States owned
123.7
Privately owned:
Capital stock
Earned surplus
-81.
-21.3
2.3
II8.3
171.0
12.3
79.6
22.0
Total privately owned
101.5
"HgT:
Total capital
Total liabilities and eq>ital
100.0
118.3
171.0
170.7
883.6
532.6
123-7
855.3
531.0
.5
-100.0
12U.2
755.3
3lt8.1
Analysis of investment of United States
Book value of thilted States Interest, including
interagency Items l^/
Interagency Items (net), amounts due to (or
from C-3 )i
Government corporations
Other Oovemment agencies excluding Treasury
loans to Government corporations
.,
Book value of United States interest after
elusion of interagency items
a^
Contingent liabilities
Guaranteed loans
Othsr
Note:
See page S2 for footnotes.
231.5
Panama
Railroad
Co n^) any
Tennessee
Valley
Associated
Cooperatlvee,
Inc
Tennessee
Valley
Authority
October 1946
69
Corporations and Certain Other Agencies of the United States Government
Section
I
- Assets, Liabilities, and Capital as of
(Contlnuedl
June 30, 1946 - (Continued)
Table 5.- Certain Other Agencies
(la mllllona af dollars)
-
70
Treasury Bulletin
Corporations and Certain Other Agencies of the United States Government
Section II
-
Income and Expense for the Twelve Months Ended June 30, 1046
Table 1.- Summary
(IB thomaadB of AollarB)
71
October 1946
Ciorporatlone and Certain Other Agencies of the United States Government - (Continued)
Section
II -
Income and Expense for the Twelve Months Ended June 30, 1946 - (Continued)
Table 2.- Corporations
(In thoiuandt of dollar*)
Treasury Bulletin
72
Corporations and Certain Other Agencies of the United States Government
Section II
-
-
(Continued)
Income and Expense for the Twelve Months Ended June 30, 1946 - (Continued)
Table 2.- Corporations - (Continued)
(In thousands of dollars)
Department of Agriculture - (contlmied)
?arB Credit
Administration
- (continued)
Regional
Agricultural
Credit Corporation of
Washington, D.C
Operating Income and expense
Operating Income
Interest on loans
Interest or dividends on lnveatmenta.
Guaranty and Insurance premiums
398
Federal
Farm
Mortgage
Corporation
Federal
Surplus
Commodities
Corporation
(in liquidation)
3.702
95
189
U27
12,718
6,036
13.O83
22,601
3.U5U
511
512
loasC- D).
-«U
Gain (or loeaC- 1) on sale of miscellaneous
assets
Miscellaneous assets charged off (net)
Miscellaneous
lt,^12
631
630
700
5.616
6,677 1/
lU
lossC-l).
Adjustment of valuation reservee
Reserve for losses on loans
Reserve for losses on acquired security or
collateral
Other reserves
Net adjustment of valuation reserves.
C-1)
Analysis of unreserved earned
tJnreserved earned surplus
June 30, 19I45
Net Income (or lossC-3)
ended June 30. 19lt6
Surplus adjustments
Unreserved earned surplus
June 30. 19I46
Note:
8/
1.575
16
36
351
8/
32.7U5
8.536
702
9.U6O
6.759
-19.662
-2,500
-78
1.233
110
-1U6
lou
-l.OgU
6U
2
lOU
-l.OSU
-3H
-i,i6b
6.72I*
1,208
37.355
-80
6
565
1.133
3T.921
-3U
lA,6ltlt
-19.663
-7.W(9
5U,70U
-70,63U r
-3"
Uli,6ltU
-19.663
-3
6U
before adjustment of
valuation reserves
or loss
^,
9.108
5.958
'
(
10.693
10
1,01(6
.
Won-operatlng income (or lose C- 1)
Direct grants, subsidies^ and contributions.
Loans receiTable charged off
Gain Cor loss C- "]) on acquired security or
collateral
Net Income
62U
5.6gi»
Total operating e:ipenae
)
10,693
2
Maintenance and operation of properties.
Miscellaneous
1
fisu
56
General overhead expense
Depreciation and obaoleacence.
Program operations expense....
L-
Inc.
5/
93
Operating eapense
Interest on borrowed funds.
Guaranty and insurance loeeee.
Cost of sales
Net income (or loss
Federal
Prison
Indaatrlee.
69
Total operating income.
Net non-operating income (or
The
Virgin
Islands
Company
Department
of Justice
9.2SS
Premiums, fees, and assessments.
Program operat Ions income
Miscellaneous
Net operating income (or
Inletnd
Waterways
Corporation
Department
of Interior
12, 660
Sales of commodities or serrlcea.
Rents and royalties
Other Interest and rental Income-
.
Federal
Crop
Insurance
Corporation
Department
of Commerce
-2.396
-19.663
-78
1.297
-1
-1
-2.396
1.297
aurplus(or deficit C-3)
(or deficit C - 3 ),
2,673
172
-11 r
17.39U
-79
52
-5,008
-37
13.683
for twelve months
(or def id t£ -
See page S2 for footnotes.
H
)
-2.39S
2
1.297
,
-7.W3
99.3U9
-90,300
(Continued on following page)
2.673
October 1946
73
Corporations and Certain Other Agencies of the United States Government
Section II
-
-
(Continued)
Income and Expense for the Twelve Months Ended June 30, ld46 - (Continued)
Table 2.- Corporations
-
(Continued)
(In tfaousande of dollare)
War
Department
Tederal Loan Agency
United
Beconetractlon nnance Corporation and certain affiliates
States
Spruce
Production
Co Iteration
(in liquidation)
XaportIfl^ort
Bank of
Vashln^on
federal
Deposit
Insurance
Corporation
Raconetructlen Finance
Corporation
Exclusive of
Merged War
Affiliates
(as of
5/3VU6)
Operating Income and e^enee
Operating Income
Interest on loans
Interest or dividends on InTeetniente
Onaranty and insurance premiums
9.509
6
21.978
101. 21U
Sales of coramoditiee or serrlceB
Hente and royalties
Other Interest and rental Income
3'a
Preolums, fees, and aeseesments
Program operations Income
Hlscellaneous
Total operating Income
38.569
9.818
303
Merged War
Affiliates
,2/
(as of
5/31/'^)
1.332
7ederal
national
Mortgage
Association
(as of
5/31/16)
313
15
The arc
Mortgage
CoiiipaB7
(as of
5/3l/t«)
1.353
208
l.552,U99
2
92
666
37
151.
163
398
19
30
159
ui.ete
2.033
15.81U
9.869
I23.5I16
1(9. 2U7
1.613.51H
Operating ejqjense
Interest on horrowed funds
Ouarenty and insurance losees
Cost of sales
8.132
317
2.356
536
'•7.095
98
1.637,008
General overhead expense
Depreciation and obeolescenoe
Program operations expense
21
U71
3.973
10.853
1
13.763
5/
13.015
269
655
115
Maintenance and operation of properties
10
128.1156
3.993
19.093
1. 839.337
269
119.552
30.155
-225.796
U8
HiecellaneoTis
Total operating expense
-12
Net operating income (or loss [- J)
l»72
9.397
Hon^operatlng income (or loss f- ] )
Direct grants, subsldlss. and contributions
Loans recelTable charged off
Gain (or loss C-1 ) on acquired security or
collateral
9
-9iie.6iit
-1,821
lossC-D) on sale Of olseellaneoue
aeeet B
Mlscellaneoae assets charged off (net)
Miscellaneous
Oain (or
:
Hat aon-cperatlng income (or
Bet income (or Ices [- j
Taloatlott reserves
)
-1,821
•1.063.381
5
119.573
28.33U
-1,289.180
53
119.573
28.33U
1.289.180
53
before adjuetnent of
9.397
-6.738
-6.738
Net adjustment of valuation reserves
2.659
)
Analysis of unreserved earned
thLreserved earned surplus
June 30 I9U5
Het income (or loss C- J)
ended June 30 I9U6
Surplus adjue tment s
Unreserved earned surplus
June 30, igliS
surplus (or deficit[-l)
(or deficit C-D).
105
,
2U.I1U6
11/
U6O.U92
•2.U71,109 r
1.9U9
for twelve months
.
Rote;
3
lossL-J)
Adjustment of Taluatlon reserres
Reserve for losses on loane..
Reserve for losses on acquired security or
collateral
Other reserves
Set income (or loss E- 1
-16
-11U.75U
(or deficit
See page 82 for footnotes.
-12
2.659
-21,822
9U
5.28g
119.573
-119.573
28. 331
•1,289.180
227.886
-i.6i?
.3.532.'»3
335
Q-l).
11/
1|88,826
other
10/
(as of
S/Si/"^)
Treasury Bulletin
Ih
Corporations and Certain Other Agencies of the United States Government - (Continued)
Section II
-
Income and Expense for the Twelve Months Ended June 30, 1946 - (Continued)
Table 2.- Corporations
-
(In thousands of dollars)
-
(Continued)
.
•
October 1946
75
Corporations and Certain Other Agencies of the United States Government - (Continued)
Section II - Income and Expense for the Twelve Months E^ded June 30, 1046
Table 3«- Certain Other Agencies
(In thouianda of dollars)
Ixeoutlre
Offloe of the
President
Office for
Aierg^uj
Total
Management
Var
Shipping
idmlnistration
Op<r>ttag Inco— and •aynit
Operating Ineoaa
Intsratt on lofua
iBteroat or dlTlda&da en Inraataantt.
Ooarantj and laanranoa praalttas
Salaa of eoaaodltiaa or aarrleaa.
Sants and ro^altlaa
Other Intaraat and rental loeoae.
PraolvDia, feaa, and aatatamanti.
Profraa operationa Inooaa
Mleoallanaoua
Total operating laeoaa.
Operating aiqpanae
Interest on Vrreved fonda ....
OoAranty and Insoranaa loaaaa.
Coat of lalea
Oanaral arerhead expaaae
Sapreelatlom and oVaoleaoaaea.
Prograa operationa a^anae....
Halatananoe and aparatloa of propartiea.
Mleoallaneoiu
Total operating azpanae
Vet operating Ineoaa (or lose
[-]
).
fen-oparmtlng lacoaa (or loee C-3 )
blreot grants, eubeldles, and oontrllmtlons
Loane reoelTable charged off
OalB (or losa Q-J ) on aoqolrad aaearl^ or
ooUateral
Oala (or loaa Q-3 ) oi^ tala of Blioellanaoaa
aaoete
Klaeellaneoua aaeato charged off (aat)
Hlacellaneoufl
let aon-oparatlng Incoae (or loaa Q-l).
let Incone (or loaa [^-J
Taluatlon reeerres
)
before adjustment of
Adjttetment of Talnatlon reBerree
Beeerre for loseea on loans...
fieeerre for loeses on acquired seeurlty or
collateral
Other raaerves
Het adjastment of Talnatlon reaerres.
at
iBComa (or losa £-2
)
laalysls of earned snrplns (or deficit C-3 )
laraed surplus (or deficit [^-^ ). June 30, I9U5
et Income (or loss C-H) ^^^ twelve mo&tha ended
June 30, 19U6
Surplus adjustnents
lamed surplus (or deficit [i~\ ). June 30. 19"^*
35.976
121.125
3"».85S
-
(Continued)
Treasury Bulletin
76
Corporations and Certain Other Agencies of the United States Government
-
(Continued!
Section III - Sources and Application of Funds for the Twelve Months E^ded June 30, 1946
Table 1.- Summary
(In thousands of dollars)
Oorporatlons
Certain
other
a^DClos
Sources of funds
Borrowings:
From U- S. Treasury
Troa OoTernaent corporations and a^ncles
From public
3.519.500
8ltl.006
1,823, U93
1.8l't.9't9
6.3^7,550
Total borrowings
Capital and surplus subscriptions:
By U- S. Treasury
By Govemmeat corporations and agencies
By public
550.550
^033
52.036
^.685
Total capital and surplus subscrlptloae
J^^roprlatlont (net expenditures )
I.UU1.202
Sale or collection of Investaents:
Public debt obligations of United States
Securities of OoTornnent corporations and agencies
512.851
U.016,877
73. l*?!
Other securities
Total sale or collection of investatenta
Bepaynents on loans
Sale of acquired security or collateral
Decrease In working capital and deferred Iteas
funds prorided by profit on operations
Other sources
U,
927
5^.210
1.781.553
U07.258
3.0U7.55i
22,386.115
Total funds proridtfd
Application of funds
Bepaynent of borrowings
To U S Treasury
To QoTenuent corporations and agencies
To public
.
U,015.87U
925.656
2.176.629
7.U8.159
Total repayment of borrowings
Bepaynent of paid-in capltalt
8
To
Treasury
To OoTemaent corporations and agencies
To public
.
217.906
.
899
25.733
2UU.U97
Total repayaent of paid-in ci^iital
Purchase of investments:
Public dBbt obligations of United States
Securities of Qovsrnmant corporations and agencies
Other securities
Total purchase of inrestments
Total funds applied
]
3,SU2,279
27.579
1.316,019
557.919
1*. 115.965
I.O89.0U7
)
Tunds provided by profit on operations
funds applied to loss on operations
See page S2 for footnotes.
27^. 651
22,386.115
:]
Vote:
593.»»35
3.521.851
159.365
I*.
Loans aade
Acquisition and InproTement of acquired security or collateral
Acquisition and ioproTefflent of land, structures, and equipment
Increase in working capital and deferred 1 tenia
ISinds applied to loss on operations
Other applications
Adjustments of net Income (or loss Cllet Income
(or loss [_- J )
Depreciation and obsolescence
Assets charged off
Capital gains c- &nd losses
Adjustments of valuation reserves
Other adjustments
603,179
U, 136.
<
3.519.300 1/
1.00l*.757
-2. 866. 861
30.733
19.2U8
5.678
106,862
-l,ooU.366
U.
U07.258
115,965
October 1946
77
Corporations and Certain Other Agencies of the United States Government
-
(Continued)
Section III - Sources and Application of Funds for the Twelve Months E^ded June 30, 1946 -
Table 2.- Corporations
(In thouaandt of doll&ri)
(Continued)
Treasury Bulletin
7S
Corporations and Certain Other Agencies of the United States Government
Section III
-
-
(Continued)
Sources and Application of Funds for the Twelve Months Ended June 3u, ld46 * (Continued)
Table 2.- Corporations
-
(Continued)
(In thousands of dollars)
Dspartmeat of Agriculture - (coatlauad)
Fam Credit
Administration
- ( continued)
Regional
Agricultural
Credit Corporation of
Vashington.D.C
Federal
Farm
Mortgage
Corporation
Federal
Crop
Insurance
Corporation
Federal
Surplus
Commodities
Corporation
(In liquidation)
Department
of Commerce
Department
of Interior
Department
of Justice
Inland
Waterways
Corpora-
The
Virgin
Islands
Company
Federal
of
Prison
State
Industries,
6/
tion
Department
Inc.
5/
Soxircee of funds
Borrowings:
Prom U S
.
Troffl
.
Treaaoiy
222,300
GoTemment corporations and agencies.-..
Prom piibll c
jao
Total borrovlngs
222.300
550
30,000
Total ce^ltal and surplus suljscrlptiona
550
30.000
Appropriations (net expenditures)
6,itUl
Sale or collection of InTestnente:
Public debt obligations of United States
Securities of Oovernment corporations and
agenc les
Other securities
Total sale or collection of investmente
326
10.622
66
Total funds provided
11.591
27
Application of funds
«
Kepayment of borrowings:
To 0. S. Treaeuiy
To Government corporations and agencies ......
To public
y
3.638
1.567
98
30
389.172
36.14111
30
6.317
328
5.303
St
290
U,ll5
50,000
Total repayment of -pald-ltt capital
50.000
Purchase of investments:
Public debt obllgatlonB of United States
Securities of Government corporatloBs and
agencies
Other securities
Total purchase of investments
Loans made
Acquisition and Improvement of acquired security
or collateral
Acquisition and ioprovement of land* structures,
and equipment
Increase In working capital and deferred items...
Funds applied to loss on operations
Other applications
Total funds applied
350
3.650
350
3.650
6.018
15.519
128
1.235
16
16,773
19.650
5.055
1(0
2 U/
11.591
Ad.lu8tments of net income (or loseC-Il)
Net Income (or loss [- 1)
See page 82 for footnotes.
3ir
2.786
627
6.895
322.'HS
Bepayuent of paid-in ce^ltal:
To U. S. Treasury
To Government corporations and agencies
To public
Bote:
6.272
I56.56II
318.300
Total repayment of borrowings
Punds provided by profit on operations
Punds applied to loss on operations
6,272
326
Repayments on loans
Sale of acquired security or collateral
Decrease in vorking capital and deferred items..
Punds provided by profit on operations
Other soTJxceB
Depreciation and obsolescence
Assets charged off
Capital gains C - I] and losses
Adjustments of valuation reserves
Other adjustment s
-
320
Capital and snrplna subserlptlonsi
By 0. S. Treasury
By Government corporations and agencies
By public
389.172
-3U
36,UUl
tl
1.129
-1
-1.133
70U
166
1.797
2
-19,66;
^
30
su
87
-37,921
30
209
56
8
5.013
6.317
328
5.303
-2.396
700
-79
31
1.297
265
-loU
2
6,895
1)0
1.567
19,650
1.797
56
October 1946
79
Corporations and Certain Other Agencies of the United States Government - (Continued)
Section III - Sources and Application of Funds for the Twelve Months Eiided June 30, 1046 - (Continued)
Table 2.- Corporations
-
(Continued)
(In thouoands of dollars)
Treasury Bulletin
so
Corporations and Certain Other Agencies of the United States Government
Section III
-
-
(Continued)
Sources and Application of Funds for the Twelve Months E^ded June 30, 1946
Table 2.- Corporations - (Continued)
-
(Continued)
October 1946
SI
Corporations and Certain Other Agencies of the United States Government
Section III
-
(Continued)
-
Sources and Application of Funds for the Twelve Months Ended June 30, 1046
-
(Continued)
Table 3*- Certain Other Agencies
(In thoosanda of dollari)
BxaeatlT«
Office of the
Presldaat
Office for
taersenc/
Total
Mana^aent
Var
Shipping
AdJDlttis-
Bational
Bouelog
DepartDent of Apiculture
Depart-
eat
Rural
7arB
the
Blectrl- of
Security
Interior
Adjnlnliflcatloa
Adffllnlitratlon
AdnlDletratlon
tratlon
Fara
Credit
Tedaral
Vorki
16/
M
Federal
Bouelng
AdalDistratloB
United
States
Narltlae
Comnle• lOB
Other
22/
tratlon
Soureat of fundi
Sorrowlngtl
froB Oovemaent corporatlona
Troa pu))llc
Total terrowinga
.,
163.751
79,200
172.295
79.200
82.000
2.551
8,51*1*
11.095
Coital and surplus subserlptloaat
iflj.
S.
Traasuzy
ipproprlatloni (nst expandlturai)
l.M02,306
Sal* or eollactlon of laraitaants:
Public dabt oUtgatloai of Unltal StaUa....
Sacurltla* of OoTarnoaat corporatlona
Other securities
U.01$,S7l*L
1,2U7
Total sal* or collaotlon of InTOataents
u. 019,
2U9.g01
21. 593
318,lU9
2.20U,233
To tal funds proTldad
8,57l»,212
Total repayaent of borrowings
Purchase of InrestBents:
Public debt obligations of United States
Securities of Oovemoient corporations
Other securities
Total purchase of InTestaents
Loans Bade
Acquisition and iBprvTement of acquired secu>
rity or collateral
Acquisition and ImproTeaent of land, structures, and equipfflent
Increase in working capital and daferrad Iteas.
funds applied to loss on operations
Other applications
Total funds applied
AdJustasntB of pet Incoae (or loae C - 3)
Het incoae (or loss n - 1 )
Depreciation and obsolaacance
Asse ts charged off
Capl tal gains c - n and losses
Adjustments of Taluatlon reserres
Other adjustnents
funds provided by profit on operations
Punds applied to loss on operations
ota:
See
pageSS for footnotas.
30,1*18
11.210
-706
-g,081
58.176
-276,285
23.577
212
126. U95
11.096
2.207
53U
153
'•6.591
19,1*11
521
U.256
2.910
2.175
112,1*7
59.79U
1.005
129
691*.
28. 3U3
780
2.281*. 21*7
22.02U
265.1*61
loi*.
307
100.932
2,U96
85.326
103,lt2B
85.326
15.602
36.310
30. 770
69
1*.
01 7, 118
6,092
20,350
10,31*2
69.'»59
l,U70,l*6U
25
960
162,078
7.213
170
3.980. 567
270,1*1*5
1, 7'*3.
U
15,602
2,1*96
2,500
3.'«7
9.1*00
607
1,107
9,1*00
3.519.3001/
159.027
3.519.300V
3.687.727
289.236
17.982
113. 500
21.101
13
1.370
1.265.551
1*82,082
185.11*1
129,660
1.667.579
'*,926
910
u.uoo
159.025
9,1*02
3.678.325
7.671
57.520
lUo
19. 578
U3
70U
013
3.025
16.091
11.205
U.I7U
11
1.063
157
1*0,586
6,15't
16
I*.
87.253
2
57.868
1
210
19,026
203,915
926,108
2.28lt,2l*7
22.021*
265.1161
i0l*.307
2.175
112,1*67
59.79'*
1.7't3.l70
-958,01*5
-852.815
5.903
-28.U56
-1.079
MO
-1,111
-36.330
19.1*98
-196. 372
28
13.501
17.93"*
'•.377
••.837
5,806
-822,756
-IO.6U0
IU5
3.568
13.539
-8IU. 763
185,871*
1*^
398
19
-1*1*8
623
1.063
3.
980. 567
132.716
13.279
159
-7.570
U.256
11.205
87
115.113
12.1*95
619
-812
-9
129
1.667.579
106
1*8
109.176
19.599
6l3,l'*6
g,57'».212
1.925.058
015, 871*1/
1.21*1*
2,«1*5
185.871*
1.925,058
1.060.660
1*.
3
963
Saja of acquired security or collateral
Decraase In working coital and deferred Itana.
TaniA prorlded t7 profit on operations
Other soxirces
Repeyaent of paid-in capital:
To U- S- Treasury
-1.893
2,81*2
fiena^ments on loans
ippllcatlon of funds
Bapayment of twrrowlngs:
To Oovernaent corporatlona
To public
1.589.1*67
1*0,586
3.330
10
162,078
19,1*11
203.915
87
Treasury Bulletin
82
Corporations and Certain Other Agencies of the United States Government - (Continued)
Footnotes to Section
r
*
1/
la/
2/
2a/
^
hj
5/
b/
2/
8/
3/
10/
11/
12/
13/
lU/
15/
lb/
IJ/
18/
19/
20/
21/
22/
B«Tlsed.
Leis <haB $50 thouBaad.
Szclades un«xp«Bded balaiic«a of approprlatad ftuda.
With reepect to SnaXler Var Plants Corporation and RK and affiliates. tigOTtn are aa of May 31, 13^6 (the latest arallalile at tlma
of publication)
Includes notes for ehort-term borroirln^.
With respect to BIC, R?C Mortgage Coapany, ^daral Hatlonal Hortgage Association, and U. S. Commercial CoBpanr, figures are aa of
May 31, 19U6 (the latest arallable at tlao of publication).
Transferred to Department of State under I. 0. 971-0, dated April 10,
1946. effeetlTe M^ 20. 19US.
nguree are as of Majr 31. I9H6 (the latest aTallable at time of
publication)
Merged vltb the Reconstruction n.nance Corporation as of July 1, 194^Consists of Agricultural Marketing Act BevolTing ?und and bierg«naar
Crop and Teed Loane
Consists of Indian Loans, Puerto Blcan &rrlcane Belief Loan Section, and Puerto Rico Beconstmctlon Administration.
Consists of Public Worts Administration and Bureau of Cotnmunlty
facllltleB.
Consists of Tederal Public Housing Authority - 7arm Becurlty Administration program and Pabllc war housing program; Federal Security
Agenqr - loans to students; NaTy Department - gaaranteed loans
(World War II); Treasury Department - miscellaneous loans; and War
Department - guaranteed loans (World War II).
Includes participation by other agencies of $7-0 Million In loans
of Export-Import Bank of Washington.
Commitments to purchase loans amounted to an additional $5^-9 ibIIlion on June 30. 19'^6.
ngures axe as of Nay 3I, 19^6 (the latest available at time of
publication). The June 30. I9U6 figures vlll ^pear In the
Annual Eeport of the Secretary of the Treasury* and the "Combined
Statement of Becelpts, Ixpenditures, and Balances of the United
States OoTemment" for the fiscal year ended June y>, 19U6.
Includes the Federal land bEUike of Springfield, Maes., Baltimore,
Md.. Columbia, S. C. LoulsTllle, Xy., Bev Orleans. La., St. Louis,
Mo., Omaha, Hebr., Vlchlta, Kane., Houston, Tee., Berkeley. Calif.,
and Spokane, Wash., which have retired the capital stock and paidin surplus preTlously held by the United States GoTernment
Includes guaranteed loans held by lending a^nelet.
Includes real estate sales contracts.
The reserre for losses on loans reoelTable Includes other loss reserres which cannot be distributed to the assets to which they e^ply.
Represents excess of aasets over liabilities transferred to RJC.
Public Law 519. July 2**. 19^6. authorired the Secretary of the
Treasury to cancel notes In the amount of $921-3 million, pursuant
Cancellation of this amount
to act of March 8, 193S. as amended.
was effected on Joly 25. 19^6.
S.
Treasury loans to OoT(U.
owned).
Consists of paid-in capital
emnent corporations, and earned surplus or deficit (U. S. share).
Includes Warrior Rlrer Terminal Company, Inc.. a wholly owned subsidiary.
Consists of Institute of Inter-Aserlcan Affairs, Institute of InterAmerican Transportation. Inter-Amerloan Bducatlonal Foundation, Inc..
Inter-American BaTlgatlon Corporation, and Prenclnradio, Inc.
Represents liability for excess funds to be deposited pursuant to
3!
U/
^/
2^
26/
27/
^
29/
jO/
31/
j,2/
33/
3^/
35/
36/
37/
38/
39/
I
Public Law 391. dated May 27. 1946.
Ixcludes $1.0 million in transit for redemption.
Represents adTaaces from the RFC for tfa* ^mjm»&i ot opvnMxtg
•xpenees
Set of return of excess fonds pursuant to Public Law 301. approved
February 18, 1946, and Public Law 391. approred Mev 27, 1946.
Includes administrative expens* costs of $39-6 llllon advanced
from Federal funds
Iffectlve July 1, 1945, pursuant to Public Law I09 approved June 30,
1945, Defense Plant Corporation, Defense Supplies Corporation.
Netals Reserve Company. Rubber Reserve Company, and Disaster Loan
Corporation were dissolved and nerged within the RFC.
Figures are as Of May 3I, 1946 (the latest available at time of
publication), with Treasury Department ad^stments for intera^noy
items to June 30. 1946. figures for other corporations and agencies.
The June 30. 1946 flgores will appear in the "Annual Report of the
Secretary of the Treasury" and the "Coablned Statement of Becelpts,
Ixpenditures, and Balances of the United States Qovernment" for the
fiscal year ended J\ine 30. 1946.
Consists of Bttbber Development Corporation and U. S. Coamerelal
Company, irtilch were transferred to RFC from Foreign Iconomle
Administration under X. 0. 9630. and War Daaage Corporation. War
Assets Cojrporatlon was dissolved on Jane 30* 1946.
Bet of $125.3 million reserve for losses against other assets of
D. S. Commercial Company.
Fbr purposes of this report the entire amount of earned surplus of
this Corporation Is reported as a liability reserve to cover possible Insurance losses.
Figures represent activities under U. S. Housing Act. as aaended.
War bousing and other operations of the Authority are reflected In
the classification "Other" in Table 5 of this section.
Loan commitments amount to $337 -0 million against which advances of
$278.2 million have been made, leaving oommltments to purchase loans
of $58.9 million.
Consists of Federal Public Housinf Authority - Homes conversion program. Farm Security Administration program, Pabllc war housing program, and Teterane' housing pro-am; Federal Security A^ncy - loans
to students; lavy Department - guaranteed loans (World War II) and
aale of surplus supplies (World War I); Treasury Department - mlseellaneous loans and certain other assets; War Department - guarantee loans (World War II).
Includes the value of vessels and other expenses transferred flrom
the 0. S. Maritime Commission.
Excludes the value of vessels and other expenses transferred to the
War Shipping Administration for which no transfer of funds will be
required.
Represents excess of expendltxiree incurred pursuant to legislation
construction and operation of merchant
for such activities as:
marine fleet in interest of the war effort; relief to farmers;
loans and grants for rural rehabilitation and subsistence home•teads; relief and rehabilitation In Puerto Rico; loans, grants,
end relief In construction of housing, public works, and community
faellltlest and others.
Includes $77*4 million representing e({aity of mortgagors in earning
of group accounts of the Mutual Mortgage Insurance fani.
Conaiats of pald-la capital (0. S. owned), leas Treaaury loans to
Oovemment corporations, plus esjeea of Income (or expense).
Footnotes to Section II
Bevlaed.
Leas than $500.
Represents excess of expenses, and Includes surplus reserves as veil
as unreserved surplus or deficit.
Same as footnote 13, section I.
Includes indirect grants, eubaldles, and contributions.
Includes adjustment by Treasury Department to give effect to results
of operations from Deoember ^1, 1945 to January 28, 1946, and net
costs of liquidation of corporation by B.F.C. from January 29, 1946
to May 31, 1946 purmiant to I. 0. 9665 dated December 27, I945.
Same as footnote 20. section I.
Same as footnote 21, section I.
Represents administrative expenses paid from General Fund approprlatlons.
Depreciation charges for the period Included within various operating
2/
10/
11/
12 /
Ij/
l4/
15/
To/
11/
expense accounts.
Sane as footnote 27. section I.
Same aa footnote. 39 emotion I.
Same as footnote 31
section I.
Figures represent activities under U. S. Housing Act, aa amended.
War housing and ether operations of the Authority are reflected In
the clasBlflcatlon 'Other* in Table 3 ot this section.
The net Income from power operations has been reduced by the net
outlay for nonrevenue producing programs sueh aa flood control, navigation, and experimental projects.
Same as footnote 6, section I.
Same as footnote f section I.
Same aa footnote 8. section I.
Same as footnote 34. section I.
•
•
,
Footnotes to Section III
Lees than $500.
Includes exDhan^s of securities In the amount of $799*000 thousand
for CoiModlty Credit Corporation.
Figures are as of May 31* 1946 (the latest available at time of pubStatement has been constructed by the Treasury Departlication).
ment to give effect to corporation transactions throu^ December 31>
1945, and thereafter to transfer of aasets and liabilities to BFC
purvuant to I. 0. 9665, dated December 27, 1945. The June 30. 1946
figures will appear in the "Annual Report of the Secretary ef the
Treasury" for the fiscal year ended June 30. 1946.
Same as footnote I3. section I.
Figures shown are net.
Same as footnote 20, section I.
Same as footnote 21, section I.
Bepresents deposits of excess funds poreuant to ^bllc Law 301, s^)-
i/
10/
proved February 18. 1946.
Represents excess funds to be deposited poreuant to Public Law 391.
^proved May ?7. 1946.
Sane as footnote 27. section I.
Figures are as of Kay 31t 1946 (the latest available at time of
fnbllcation). The Juno 30. 1946 figures will appear in the "Annual
Report ef the Secretary of the Treasury' for the fiscal year ended
June 30, 1946.
Same as footnote 29. section I.
Xxoludes transaotions in guaranteed loans held by lending agencies.
Same as footnote 12, eeotion II.
Same as footnote 6, section I.
Same aa footnote 7* eectlon I.
Same as footnote 8, eectlon X.
Same as footnote 34. section I.
October 1946
83
INTERNAL
REVENUE
STATISTICS
Treasury Bulletin
git
Summary of Internal Revenue Collections
(In thousands of dollars)
TIecal year
or Dx>nth
Adjustment
to Daily
Treasury
Statement
nal reventte
(Daily
Treasury
Statement)
Total
Internal
revenue
collections
1937
't.597,l'to
-37.168
i*,63i*.30«
1938
5.6714,318
+30,1*70
5,6i*3.8ii«
1939
19'«
ISUl
5.161,231
5,162.361*
5.303.13't
-1.133
-19,637
7.361.675
lO.lUl
-36.797
755
19U2
2/
^
81*. 21*1
lU. 629. 31*1*
2,8lt«,726
U, 81(6.585
-165,959
+725, 0U3
3, oil*. 681*
U. 121, 51*2
1.9l6,33'»
2.3l(0.2ltO
2,839.127
2.70U.058
3.292.161
2.030.951
1.856.0U1
1.388.792
1.1*66.568
383.325
2.71*1.561
586,112
2.11*2.631
12.817
3.92U.73I
I*. 102. 106
5.023.673
3.189.1*93
1.206.271*
I* .320, 110
2, 31*6,
2.839.01*9
8a
«j6.5l6
363.553
2,036,735
2.27't.592
6.156
3.672
8.783
2.1*15.833
1.216,51(6
1,1*20,591
1(81,232
1.083.189
1.737.770
1,232.11*3
1,1*15.371
521. 11 1*
31*6,082
3.552.851
Hay
June
2,310.098
2.307.793
U. 080. 1(92
-105.735
-266.165
+578.679
2.573.957
3.501 .813
1,703.072
1.662.967
2.836.577
July
2,250,898
-330.568
2.581.1*65
1.757.352
-2Ul,l*3l
2.735.890
1.765,61*9
Jlprll
56.621
9.58U.715
-361.585
+1.565.1*77
+101.661*
+559.269
.
U, 687. 1*62
3.262.800
6.629.932
18. 261. 005
i9.O3U.3i3
18.70U,536
-U73.3W
.
27.010
37.172
8.006.881*
3.U51.38U
3.683.858
5.582.9U3
February
March
1,120.582
2,016,297
16,298.888
33,027.802
35.061.526
31.258,138
656.276
19l|£- January
982.017
22.368.721*
1*0.119,510
1*3,800,33*
110,671,919
-U98.887
-320.902
.
1*2,786
33.71(0
13.029.915
-221*.
2.383.156
.
1,122,51*1
,1*17,655
3.9'»8.i»37
.
1.056.909
1.299.932
,028,831*
3.1*71,121*
1*3. 902, (»2
1)0,310,333
.
31.178
,286.312
7.351.531*
Ul, 6811,987
.
Miscellaneous
profits
taxes U/
5.322.771
19l4lt
October.
November
December.
Corporation
income and
excess
profits
ladlTidual
.091.71*1
12,993.118
22,143,969
igUS-Angust
September-
Total
income
and
profits
taxes
2.179.828
2.629.030
2.185. UU
2.129.609
I9't3
19U5
igMS
Sknployment taxes
Income and profits taxes
Total
receipts
from Inter-
Au^st
-1*18. 2ll8
1.569.985
1.162.276
Total
employment
taxes
Social Security
taxes
Old-a^
Bal Iroad
Unemployment insurance' 6/
Insurance
1/
retirement
2/
287
207.339
502. 918
529.836
605.350
687.328
58.119
90.267
101,167
106.123
100.658
1.I85.362
895.336
1.131,5116
1.290.025
1.307,931
1,237,825
119.617
156. 008
183.337
170.1*09
1.1*98.705
186,1*89
178.71*5
2eit,758
265.71*5
71*2,660
71*0,1*29
833.521
925.856
11*9.1*76
109.1*27
122,01*8
137.871
211.151
265.011
15.883.235
137.1*52
l't3.978
12.1(62.1*37
91.165
1.738.372
1,779.177
1.700,828
31*1.598
U.751
11,022
27U.151
37.339
230.282
3.352
8.791
619
35.078
33.368
5,978
102.270
6.11*9
21*3.31*3
96.706
197.920
'».'*55
3.595
9.990
818
35.1*33
39,012
92.718
61 .81*9
299.11*0
565
183,229
7.012
28.172
98.737
7.920
5.295
3.332
15,618
98,277
269.869
5h.673
93.532
238,062
3.770
3,268
10,530
1,213
U.095
115.696
280.853
109.960
239.705
3.269
2.1*67
8.1*75
32.67U
2.379.553
636. 181
239.01*1*
1*,196
61*.
281*. 258
1.969
33.739
2.698
17.175
l*9.'633
1.1*77
a. 277
1*9.690
MlBcellaneous Internal revenna
Total
Fiscal year
or month
mlecellaneoua
Internal
revenua
1937
1938
1939
2.188.735
2.272.158
2.236.821
I9I1O....
2.359.61*1
2.95l*.553
191*1
19U2
19U3
191*5- Aaguet
September
October
November
December
y.
19l(6-January
February
March
'.
127.203
132,739
166.653
7.712,953
82"*. 199
.936
531.352
,71*2
5.959.631*
191*5
191*6
137.1*99
139. 3^9
281.900
328.795
380,702
371.999
352.121
3.837.670
4.571.131
5.353.336
191*1*
C^iital
Btock
tax
Istate and
gift tazee
5.51*8
n6,S7l*
Si
360,715
60,071
Alcoholic
beverage
taxes
Tobacco
taxes
Stan^
taxee
Mannfactnrers* and
retailers'
excise
taxes
Miscellaneous
taxes
551.923
567.777
69.919
1*1*9.851*
1*6.233
1*1,083
1*16,751*
80,161
117,502
579.781*
396.891
11*3.51*0
62i*,o6i*
608.073
697.712
38,681
39,057
41*7.088
11*8,925
206, 8 Jl
852,069
670.015
728,694
1,206,616
732.332
1,075,401
1.1*1U,717
1,1(89,925
131.767
92.888
819,869
1*32.51*0
1,01*8,165
617.373
1(1*7.1*96
1,1*23,1*80
780,792
923.857
1*1,702
1*5.155
511,210
61*3,055
1,618,01*5
2.309.861*
988,1*83
932,11*5
676,832
2.526,162
1,165,519
50,800
65.528
87.676
68,601
33.516
198.6a
108.1*72
5.1*79
102.321*
198.1*97
100.738
5.500
93.6n
21*2.799
122,295
111.785
106,878
11IO.039
113.1*38
135.869
141,929
113.798
120,
118.553
119,260
110.215
705.907
30.015
1*1*,
391
201
233
1*1*,
U2I*
229.586
U9,58l*
97,657
6,781*
6ol(.675
511.588
1*5.178
188. 126
62,01*9
7. 1*1*3
61*2.520
192
95.736
lU
60,793
53.690
2a .156
596.692
638.998
84,1*71
210,0a
a2,322
89.1*96
99.1*36
7.952
8.139
169
6lU,i(gU
1.158
ai*,055
ai*,i5l
198, 1*91)
112.601
8! 486
99,621*
8.219
111.281
123.387
130,962
7.585
8.8<*8
1*00,501
1,1*30,1*28
101,680
ga
93.306
119.953
i^rll
May
June
61*1,121
-71*2
610.563
182
65.599
63,980
62,867
July
August
708.1*17
236
62
7l*.257
238 .881
96.261*
7,a5
11*8.1*37
143.126
689.3^8
57.97U
236,11*6
109,617
7.528
11*3,051
135.
Source:
(1) Total receipts from internal revenue:
(2) Detailed collections by type of tax:
by collectors of internal revenue.
1/
2/
^
4/
96.1*68
Dally Treasury Statementt
Reports of collections made
Excludes collections for credit to certain trust accounts for territories and insular possessions, etc.
Includes collection of taxee withheld by employers pursuant to the
Revenue Act of 1942 and the Current Tax Payment Act of 191<3.
The excess
Incltules income tax collections on Alaskan Railroads.
profits tax included in this column is that Ifl^osed under the
Second Revenue Act of 191*0. ae amended.
Consists of the declared value excess profits tax. the profit limit-
5/
6/
adjustment
taxes
8/
593.831
567,669
587.605
2?7,058
Agrlcxiltiiral
ou
ing proTlsione of the Tlneon Act. and the tax on unjust enrlehsent.
Represents collections under the Federal Insurance Contributions
Act commancing September 1939: prior thereto, collections under
Title Till of the Social Security Act.
Bepresente collections under the Federal UneBf>loyBent Tax Act
commencing September 1939: prior thereto* collections under
Title IX of the Social Security Act.
Bepresente collections under the Carriers ^xlng Act of 1937*
Includes tax oollectione under the Sugar Act of 1937 &nd under
the dividends tax tnposed by the Act of June l6, 1933-
'
October 1946
«5
COLLECTIONS OF INTERNAL REVENUE
DOLLARS
DOLLARS
Bllllon>
Billions
Total
50
50
-Fiscal year
first 2 months
years 1946 and 1947
\Comparison
fiscal
1932
'33
DOLLARS"
'34
35
36
'37
'38
'39
40
DOLLARS
Billions
Billions
Individuol
Income Taxes
22
22
20
18
1932
'34
'36
'38
Estofe and Gift Toxes
40
'41
'42
43
'44
45
'46
'47
Treasury Bulletin
36
Detailed Analysis of Internal Revenue Collections 2/
(In thoueaadt of dollars)
FlBcal years
Type of tax
19»»5
Income and profits taxes:
Individual:
Withheld \iy employers:
Current Tax Pe^ment Act of 19H3 2/
Revenue Act of I9U2. . . . i
Other:
Current ^,
Back
10.263.¥lS
802
Total individual Income taxes
19.03H.513
Corporation:
Income taxes:
Current
Back
^
Xxceas profits taxes (Second Revenue Act of I9U0,
as amended)
Total corporation taxes
Hlacellaneous profits taxes:
Declared value
Tinson Act
Unjust enrichment
Total miscellaneous profits taxes
Total Income and profits taxes
Imployment taxes:
Social Security taxes:
Old-a^ Insurance ^>*
Unemployment Insurance 6/
Total Social Security taxes
Railroad retirement 2/
Total employment taxes
Miscellaneous internal revenue:
Capital stock tax
Xstate tax
Gift tax
Alcoholic heverage taxes:
Distilled spirits (imported, excise)
Distilled spirits (domestic, excise)
Distilled spirits rectification tax
Vines, cordials, etc. (imported, excise)
Vines, cordials, etc. (domestic.- excise)
BrBi.dy used for fortifying sweet wines (repealed
as of July 1, I9U0)
Dealers In distilled spirits; rectifiers; man\ifacturers of stills (special taxes)
Stamps for distilled spirits Intended for export.
Case stamps for distilled spirits bottled in bond
Container stamps
Tloor taxes
Fermented malt liquors
Brewers; dealers in malt liquors (special taxes).
Total alcoholic bevera^ taxes
Tobacco taxes:
Cigars (large)
Cigars (small)
Cigarettes (large )
Cigarettes (suall)
Snuff
Tobacco (chewing and smoking)
Cigarette peters and tubes
Leaf dealer penalties, etc
Cigarette and dgar floor taxes
Total tobacco taxes
Stamp taxes;
Bonds, issues of coital stock, deeds of conveyance, etc
Transfers of capital stock and similar Interest
sales
•
Playing cards
Silver bullion sales or transfers
Total stamp taxes
g02,9*>7
H.ua.6s2
U58.03U
11.003.520
19H£
rirst 2 months
PI seal
neeal
year
year
19>t6
19>»7
AOfOBt
19U5
19U6
October 1946
87
Detailed Analysis of Internal Revenue Collections
1/-
(Continued)
(Ib theoaandt of dollare}
nrat
Piecal 7«ars
Type of t&z
19U6
191*5
u
Total fflanufacturers' and retailers* czeis* taxes.
Miscellaneous taxes:
Bituminous Coal Act of 1937
Sugar Act of 1937
Telephone, telegraph, radio, and cable, leased
wires, etc
Local telephone service
Transportation of oil hy pipe line
Transportation of persons, seats, berths
Transportation of property (effective 12/1/U2)..
Use of motor vehicles (effective 2/1/U2)
Use of boats (effective 2/1/U2)
Leases of safe-deposit boxes
Admissions to theaters, concerts etc
Admissions to cabarets, roof gardens, etc
Club duas and initiation fees
Bowling alleys, pool tables, etc
Coin operated devices
Adulterated and processed or renovated butter.
mixed flour 8/ and filled cheese
Oleomargarine, including special taxes
Harcotics, including marihuana and special taxes
Coconut and other vegetable oils processed
National Tlrearms Act
All other, including repealed taxes not listed
above
,
Total miscellaneous taxes
Total ffliseellaneouB Internal revenue
Total internal revenue collections
Adjustment to Dally Treasury Statement
Total receipts from internal revenue (Dally Treasury
Statement;
Source!
•
1/
2/
92.S65
7U,602
1*05.563
1(05.695
75.^57
118.072
15.164
75,819
28.o6o
19U6
6.214
32,906
5.33'»
6,093
39.197
10,867
•
19
•
•
•
S0,gU7
2.55*
37.11A
25.893
68,871
59.112
10,276
1,564
12,386
8,837
2,711
1.329
6.841
24,562
13,826
10,106
8,627
4.268
6,189
785
6.477
U.695
1.139
11
7
7
299
147
88
413
1,223
.SSI
1,024
3,338
15.599
6.353
1,625
3.629
17.793
7,204
U9,UI|0
57.0011
12 ,060
11.035
55
"•.753
2,015
927
1.6-
'.W
U
10.120
79.'»1«
ISU.220
73.851
25,1*92
17,781
56
13.385
3.902
2.839
9.229
10.2lt7
621
1.973
15.792
91.706
223, 3i«
81,1
l.'«3
2,272
6.278
32.379
13.118
3.76i
6,808
37.038
14,909
15
18
7
2
3
1
a,i8U
5,070
5.788
1.390
125
7.878
*
4
2,825
15.534
541
2,692
3
1.500
7.372
7.'t69
6
19. 2U
22S
U.2IM
«6,6l^
565
3. ''63
13.386
6.521
5.062
4.379
2.519
10
7,351
1,219
1,166
5,401
733
75
95.57't
662
344
191
1.053
14.982
605
674
2,573
459
1
1
1,400
259
320
291.488
102,324
3.132
5.232
553
5
61
25
1
1,206,616
.l.ltlU.717
223.063
7
1
6
1
73.296
56.732
12.112
9.517
5.989
4,484
20«,01g
133.569
16,286
23U,1<2
221,088
128,701
336
7.311
300,589
56.877
23't.393
38.275
145.689
14.82U
226,750
220,121
115.960
182
7.857
3^3.191
72.077
18.899
4,011
17.092
2't.397
42,918
28,182
2,561
44,764
44,011
224
16.778
10.813
1.269
23.588
18,961
12,999
20,194
11,454
1,169
24,343
22.160
30
•
30
601
35_
1
1
2.597
43.656
39,651
lll,4p
143,051
•
11.972
3.128
2,567
11,332
1,403
67,865
11,921
4,246
2.933
13.983
44
U.932
694
6.268
37
1.387
176
856
4
28
1,680
224
1,686
408
6
3
3
1
2
U85
42
907
2
180
171
1
1,1»30,U28
l.'«9.925
359.n2
278,137
131.767
135.011
6.959.63'>
7.712.953
1.615.053
1.397.805
824,199
689.388
43,800,338
40.671,919
6.172,916
5.317.356
3,014,684
2.735.890
+X01,66lt
-361,585
-797.567
-571.999
-165.959
-241,431
U3, 902,002
to. 310. 333
5.375.3^
"•.7*5.357
2,848,726
2,494,459
iit,i6o
U.160
19.100
58
''^
6.2oe
16
Qallj Treaeury State(1) Total receipts from Internal rerenue!
type of tax: Heporta of colnenti;
(2) Detailed collection!
lections Bade by collectors of Internal roTenue,
Less than $500.
excludes collections for credit to certain trust accoontt for
territories and Insular possessions, etc.
Collections under the C\2rrent Tax Payvent Act of 1943 as shown
In this table consist of those for which returns hare hesn filed
with the Collector of Internal Rerenue; receipts under this act
ae shown In Daily Treasury Statsnents consist of withholding
taxes deposited In QoTeminent depositaries in addition to payents accompanying returns filed with the Collector of Internal
ReTenue,
V
19.858
72.324
14.259
Ao^et
August
I9U5
yiseal
year
19U7
year
19U6
NlaeellaneouB Internal revanTia (eoatlnued):
Manufacturers' and retailer*' exclae tazsi:
Lubricating ol\a
Oaool Ine
Tires and tubes
Tloor taxaa on tires and tubes
Automobile trucks and buses
Other automobiles and motorcycles
..•«.•
Parts and accessories for auCoDobll«a
Sleet rlcal energy
Xlectric, gas, and oil appliances
Xlectric lligtit bulbs and tubes
Klectrlc signs (repealed
of II/I/U2)
Radio sets, phonographs, components, etc
Fhonogr^jh records
Hoslcal Instruments
Mechanical refrigerators, alr-eondltloners, etc..
Matche
Floor taxes on matches
Business and store machinae
Furs - retailers' excise
Jewelry - retailers' excise
,
Luggage - retailers' excise (effectlre U/l/UU)...
Luggage
aanufacturera' excise (suspended as of
k/l/Uh)
Optical equipment (repealed as of ll/l/U£)
Photogr^ihlc apparatus
Bubber articles (repealed as of ll/l/Ue)
Sporting goods
Toilet preparations - retailers' excise
Washing machines (repealed as of ll/l/kZ)
Tlrearms, shells and cartridges
Pistols and revolvers
Repealed taxes not listed above
2 Bonthfl
2/
i/
SJ
1,333
5'»,650
27.133
6.157
1.6J'
3'.
721
33.748
5.790
2.329
1.349
5.798
Current collections consist in general of taxes paid within twelve
months after the close of the taxable year for which the return
was filed.
Current individual income tax collections for the fiscal year I9U5
inolude payments on unforglren portion of l^^US tax, due March 15,
19U5, of $308,605 thousand for the period, January 1, igU5 throu^i
April 50, 191*5.
Represents collections under the Federal Insurance Contributions Act.
Represents collectlonn under the Federal Unemployment Tax Act*
Represents collections under the Carriers' Taxing Act of 1937.
Tax imposed upon the masufactiire and sals of, and the occupational
tax on, mixed flour repealed as of November 1, 19U2*
ss
MONETARY
STATISTICS
Treasury Bulletin
9
.
U
9
5
8
9
8
89
October 1946
Gold Assets and Liabilities of the Treasury
(Id mlllionB of dollars)
LlaMlltios
Xnd of calandAT
7«ar or Booth
Oold assoC3
U.257.6
Oold certlfleatai 1/
1936193719381939.
17.61*3. U
19I1O.
21.99U.5
19U1.
22.736.1
22.726.3
21.937.8
20.6l8.g
20.06U.9
20.
20.087.8
20.072.8
17.977.9
Septeioljer.
Octobar.
HoTembor
December.
20.035.9
20.029.7
20, 06 It.
17.930.8
17.921.0
18.03lt.O
March
20.156.0
20.232.2
20.256.1
i^rll.
May...
June..
20,250.9
20,2Ul.9
20.269.9
18.11t7.2
18.llt2.5
July
Auguat p.
20,266.7
20,280.1
18. 155.6
12.760.0
1U,511.2
19)42.
19U3.
191A.
19'»5.
19115- Auguat ....
19U6-Janiiary.
Fabraary.
«•:
Dialy Traaswy Statenent ant Clrcnlatlon Statemant of Dnltad Stataa
p
Prellmlnaiy.
Coo^rlaee (1) gold cartifloatei held by th« pablic and In Federal
Beeanre Banka: and (2) gold certificate credits in (a) the Oold Cer-
561).
20.611.9
19.821.0
18, U97.lt
17.9111.1
17.91t9.ll
17.9111.1
lg.099.7
18.125.7
18,153.3
1B.1U7.5
2/
y
Xxehaaga
Stabllitatlon
rand J/
Dotaa, ate. 2/
6.959-6
9.212.3
11.872.8
15.278.6
I9.B25.U
Money,
1/
Gold reaerra
acalnat U- S.
Sold in
Oanar&l Fund
156.0
156.0
156.0
156.0
156.0
1.800.0
1.800.0
1.600.0
1,800.0
1,800.0
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
215.3
156.0
156.6
1.800.0
1.800.0
153-8
167.3
156.0
156.0
156.0
l.SOO.O
1,800.0
1,800.0
llt9.0
156.0
156.0
156.0
1,800.0
1.800.0
1,800.0
165.9
176.5
156.0
156.0
156.0
1,800.0
1,800.0
1,800.0
llt7.7
156.0
156.0
1.800.0
1,800.0
155.1
176.6
3111.9
,591.6
682.lt
I1O8.9
213.2
158.it
160.7
165.
It
i9it.e
152.6
19lt.8
i7U.lt
1U3.3
160.6
tificate Fund - Board of Oovernore. Federal Eeeerve System,
and (b) the Bedemptiou Fund - Federal Beserre notes.
Reserve against United States notoe and Treasury notes of I89O.
Exoludes gold In active portion of Ssohange Stabilization Fund.
Monetary Stocks of Gold and Silver
(In Billions of dollars)
Sod of fiscal
year or nonth
Oold
Silver
(»35 per
fine ounce)
($1. 29* per
fine ounce)
Ratio of
silver to gold
and silver In
Bonatary stocks
2,5lt2.1
19110
12,318.3
12,963.0
16,110.1
19,963.1
19U1
22,6211.2
u|lb8.7
19112
22,736.7
22,387-5
21,173-1
20,213.0
20,269,9
it,306.3
3,685.8
3.5O8.H
15-'t
September
20.087.8
20.072.8
3.633.2
3.626.9
15.3
15.3
October
Bovember
December
20,035.9
20,029.7
3.565.3
3.552-2
3.512.8
lit.
1937
1938
1939
m?
I9itit
19't5
19I6
igltS- August
191t6-JBnuary
20,061t.9
3,066.
3,605.2
It,
298.
3. 9117.
17.2
19.1
I8.3
16.5
15.5
15-9
16.1
15-7
iii.e
15.1
15.1
20,156.0
20.232.2
20.256.1
3.5OS.3
3.5O8.3
3, 5O8.lt
lit.
April
Hay
June
20.250.9
20.2ltl,9
3.5O8.5
3.5O8.7
20,269.9
3,508.11
lU.g
lU.g
IU.8
July
August p
20,266.7
20,280.1
3.5O8.7
3.509.1
February
March
Source:
p
iBlly Treasury Statement and Circulation Statement of ttalted State
Money,
Preliminary.
iit.e
lU.g
lit.
lU.B
Treasury Bulletin
90
Components of Silver Monetary Stock
(In mllllonfl of dollars)
SilTer held in TreaEuzy
Sacurln^ stlTer
oartlflo&tes 1/
Ind of calendar
Tear or month
Stiver holUon
19I4O.
'•99.O
I19U.6
igUi.
l.l»76.l
ItSU.l
191*2.
1.516.2
1,520.0
1,520.1
1.703.9
1.5875
igiS.
19U5.
19U5-Aiigust
Suhsldlaiy
cola 2/
silver dollars
93«.8
1.137.6
1,298.2
1.398.1
19371938.
1939-
silver outalde
Treaeuiy
In Qeneral Aind
Bullion for
recolna^e
^
Sullloa
at cost
Silver
dollars 1/
5-1
3-5
5-3
2-3
U28.6
535.3
616.0
1*3.1*
657.'*
52-5
U6S.3
3.5
9.2
662.3
628.2
itoo.ii
ll».U
376.5
356.'*
12-5
10.2
63.0
78.8
96.8
117-5
137-5
503.7
502.7
19.1
.1
185-6
UU.l*
1(8.1
Total silver
at $1.29
per ounce
Sabeldlazy
coin 2/
366.9
372.8
2.806.5
3.31*6.8
391*. 1
1*22.1*
3.790.2
1*93-5
l*.2l*l*.g
1»,060.0
587.3
68l*.7
l*.207.3
771.6
81*6.7
3.870.6
3.512.8
130.6
132.2
822.7
829.5
3.633.2
3.626.9
3.565.3
3.552.2
3.512-8
1.619.9
363.3
361.7
IU.9
13.9
277.3
September
October
Hovember
December.
1.6U5.7
1.671.6
1.703.9
360.3
358.5
356.U
lU-5
11-7
10.2
228.3
212.9
I85.6
133.6
833.5
135-1*
137-5
81I0.5
81*6.7
355-8
355-3
i3.lt
157.7
139-1*
138.2
138.7
81*8.9
35i*-5
17-0
17-7
.1
March
1.771.7
1.818.5
1.850.8
.3
127-1
139-1*
850.1
i^rll.
May...
June.
1.909.0
1.909-0
1.909.1
353-6
352.1
350.9
17.0
15.2
13.3
-1
105-7
IOU.5
102.3
11*0-3
3.508.5
3.508.7
11*2-7
852.3
857-5
865.6
July
AugoBt p-
1.909.1
1.909.1
31*9.'*
11-5
lU-1
.6
101.1
99-3
lltlj.l
871-3
1U5-U
87lt.8
3.508.7
3.509.1
.
191*6- January
.
Pebmary.
31*8.2
Dally Treasury Statement and Circulation Statement of Thlted
States Money.
Preliminary.
less than $50 thousand.
Valued at $1.29+ por ounce.
261.
.6
.6
.6
^
2/
lUl.g
gl*8.6
3.508.3
3.508-3
3.5O8.U
3.5O8.1*
Valued at $1.38+ per ounce.
Valued at $1.38* per ounce or at $1.29 per ounce according to
whether the bullion is held for recolnage of stibsldiaiy silver
coins or for recolnage of standard silver dollars.
Silver Production in the United States and Silver Acquisition by Mints and Assay Offices
i/
(In millions of ounoea or dollars)
Silver
production
Calendar year
or month
Silver acquired by mlnte and assay offices
in
United
States
Hevly mined domeatic
silver 2/
Ounces
loUars
19I1O
71-3
61-7
63.9
68-3
61-1
70.6
61.6
60-7
68.3
191*1
71.1
70.5
50.1
1*7-9
3l*.0
5-5
3-9
1936
1937
1938
1939
63.1*
191*3
191*3
1*0.8
191*1*
35-7
29-3
191*5
19l»5-July
Torelgn silver kf
Oollara
Dollars
271-9
282.8
139-8
150.3
108.7
156.9
120.5
50-9
72-6
IU.3
27-1
6.0
21*1.5
355-'*
1*0.1
1*8-5
Total
Ounces
Dollars
333-'*
31*3-3
197.8
163-3
199.1
160.6
208.0
99."*
312-2
1*17.1
11*3.1
77-2
62.1
5-5
1*0.0
3-9
•
•
.6
.6
2.1
August
September.
2-3
2.3
October.
Hovember.
December.
2.8
2.7
2.0
.
. .
.
19l*6-January.
.
February.
March
"7.3
nationalised
silver 2J
.1*
2.2
1-5
•5
April
May
June
July
Source:
*
1/
2/
1.1
Annual fijpiree come from the Bureau of the Mint; monthly figures
on n. S. silver production come from releasee of the American
Bureau of Metal Statistics and vill not agree with the annual
figures.
Less than 50,000 ounces or $50 thousand.
Bbr Information on sliver production in other countries from 1933
through 191*0 or igW, sse "Trensuiy Bulletin" for Anguat 19U3,
page 7U.
Acquired at 6U.61** oents per fine ounce until ^rll 9, 1935; at
71.11+ cents per fine ounce from that date until y^rll 23. 1935; at
77-57+ cents from April 23. 1935 to December 31, 1937: at 6U.SU+
cents per fine ounce from December 31, I937 to July 1, 1939; and at
71.11+ cents since July 1, 1939.
Acquired at 50.OI cents per fine ounce. lExscutive Proclamation of
August 9. 1931*. repealed tfill 28, 1938.
Acquired at various prices averaging ^iprozljsately 51 cents per
«T
5
.. .
.
6
7
October 1946
9
9
63
7
9
91
Seigniorage on Silver
(OojialatlTe from Jaimsiy 1, 1935 - In
o& coins
(sllTer and
Inor)
1935
1936
1937
1938
1939
Mac. ailTar
Iewl7-Blaad
Vevl7-inln«d
sllTer (let
bullion taald all-var (Proc.
Bae.
a.
JrHf
1933)
6, 1939)
193l()
Juna ll>,
(iBcl. sllvar
18.
ltg.7
lt£.l
Its.
1«.7
fi9.5
19110
122.2
J8.7
J8.7
"18.7
19'n
X9Us
182.1
48.7
91.
*5.7
igiw
19^
I9I15 -August...
299.6
362.3
*29.5
J8.7
1W.7
U8.7
409.9
U8.7
Septem^r
Octo^r
1*8.7
1*8.7
.
VoTenber
SecODber
igW-JamiMy.
of dollart)
Soorcao of sel0iloraea on allTsr bullion rayalusd 1/
Salgslorao
Ind of ealendiir
j9ar or nonth
lllloM
>U9.6
1W.7
U*.3
1I8.7
1(29.5
1*8.7
16.8
36.0
58.0
7U.9
87.3
87.6
SllTar Pnrdiaaa let
of JOBB 19*
1931
226.2
302.7
366.7
Batlonalltad
•llTer
(Proc. of
tat. 9. 1931*)
3U.5
31*7
31* -7
it57-7
1*.2
25.7
530.7
562.7
3^.7
3I.7
3H.7
87.6
87.6
87-6
87.6
87.6
"•8.3
580.1*
63.6
65.3
581*.
87.6
87.6
Potastlal
Total
eeignlorage
on allTor
reralued
326.2
422.1
508.1
616.0
705.6
759.'*
algnloraga on
BilTer bullion
at ooat In
Oaneral TanA 2/
27U.9
758.8
950.6
1.055-8
1,089.0
58U.3
58U.3
701.6
31.7
3U.7
799-7
818.9
820.6
820.7
938.1
65.5
65.5
627.2
61*7.9
3t.7
3^-7
»;i*
1*63.2
87.6
87.6
87.6
65.5
65.5
65.5
66l*.lt
3U.7
680.
3>*.7
701.6
3U.7
900.9
917.6
938-1
UoU.g
377-6
333.2
3I.7
3U.7
3U.7
981.3
1,011.1
1.031.8
279.2
65.1.
65.5
31*.
1,01)8.2
967.3
717.3
333.2
U91.6
'»32.'»
87.
65.7
71*1*.
Teimarr.
U36.O
77't.3
ll3«.2
87.6
87.6
^.8
March
65.8
795.0
II8.7
87.
65.8
65.8
3U.7
1.068.9
1.06E.9
1,069.0
186.
65.
832.1
832.1
832.1
31.7
't«.7
87.6
«7.6
65.9
65.9
832.1
832.1
3U.7
3U.7
1.069.0
1,069.0
178.8
175-3
1*1.3
tftil
Hay
Jnne
lt53.1
July
Auguet
Source:
1/
,
.
.
.
1*57.
18.7
U61J.7
1*8.7
Sally Traasury Statamant.
iteas rapraeent the dlffaranca batwaan tba cost Talna end
tha Donetaiy value of allver bullion reTaluad and held to aacnra
^esa
87.6
37.6
2/
3l*.7
21*6.7
22U.7
lgU.9
180.
Bilrer cartificatas.
Hie figores in thie oolunn ara not onaulatiTe; as the aaoont of
Inlllon held ohasgas, the potential seigniorage thereon changes.
Treasury Bulletin
92
Money In Circulation
(Xn Ellllona of dollare)
Tapmr money
Snd of flacal
jraar
or aonth
Total
money In
circulation
y
Gold
Total
paper money
Silver
certlfIcateB
certificates
2/
Treasury
ootet
of 1890
2/
Unite
States
notes
1937
6,1*7
5,92U
88
1938
1939
19U0
19U1
6,l|6l
5. 931*
7.01*7
7.8li«
6,1*88
78
72
9,612
8.932
67
63
191*2
iz.3«3
11,600
59
l,75lt
19't3
16.1*92
21,1*18
57
1,61*9
5l»
19't5
17,1*21
22,501*
26.7>t6
25. 5*1
28,2115
26.9U5
52
50
317
}22
322
323
19W
1.588
1,651
2.025
27.685
27.826
26,582
19^
igus-Aiigust
SepteiDl)er.
7,21*8
26,1*1*9
Federal
Bcserve
notes
38
111*
30
26
22
20
1,1*51*
1,582
21*8
5,163
1,711*
300
6.68i*
It,
U,l*8l«
9,110
19
581*
597
527
139
132
126
120
317
1*61*
UU
322
J18
23.685
23,818
517
513
119
119
316
316
506
U99
316
2l*,008
2l*,136
2l*,388
118
118
117
307
307
23,867
23,868
1*87
1,861*
52
52
1.751*
1.762
26,797
28,211
28.515
26,91*8
27,2l|C
51
51
51
1.796
1.827
1,872
^946- January.
February.
27.917
51
51
51
1.827
27.95'»
l,9l6
306
23.71*1
1*79
51
50
50
1,978
2,018
2.025
303
317
317
23.685
23,861
23.973
1*73
50
50
1.996
1.999
3IU
317
21*.
March
27.879
26,657
26,691
26,609
J4)ril
27,885
28,120
26,605
26.829
28,21*5
26,91*5
28,251*
28,1*32
26,91*3
Hay
June
July
August p
.
27.115
End of fiscal
year or month
Standard
silver dollars
11*1*
11*6
155
169
53
l»33
191*
72.16
783
66
501*
91.88
929
1.066
1,205
1,300
81*
103
125
lUo
610
700
81*3
213
236
263
292
317
200.3'*
129
130
808
812
299
301
197.86
198.82
303
200. 2U
201. 2U
191*1.
191*2.
19'*3-
191*5- August
113
113
1*58
U5U
361
38U
680
19M6.
ii^
llU
1*68
l*6U
Money In
circulation
per capita
(In dollars)
Subsidiary
silver
38
117
116
116
1*8U
31*2
523
527
558
599
191*5.
010
2U.180
1*91*
31*1
1937.
1938.
193919 W.
191*1*.
269
217
186
165
150
18,750
22,867
23.973
28.01*9
.
^
13.71*7
October.
UoTember.
Deceober.
.
Katlonal
bank
notes
^
lt.169
281
262
266
1,078
1,230
Vsderal
BeserTe
Sank
notes
1,236
21
1*6
78e
$1*9.88
1*9.62
53-72
59.1*7
127.61*
162.96
191-57
September.
1,21*3
October.
SoTember
December.
1.252
1.263
132
1,271*
136
818
825
832
305
307
February.
March
1,261
I.26U
1,269
136
136
137
819
820
82U
306
307
309
198.68
198.83
198.16
i^rll.
May...
June.
1,280
1.291
1.300
138
830
8U3
312
315
317
198 .08
IW
July
August p.
1,311
1.317
11*2
81*9
IU3
852
330
322
200.23
201.31
19l*6-Januajy.
(1) Circulation Statement of United States Honey; and (2) Annual
Report of the Secretary of the TreasTiry for 19U5t pages 67U-677.
Preliminary.
xiavleed.
1/
money held by the Treasuiy, (2) money held by or for
the account of the Tederal Heeenre Banke and their agents, and
(3) coin eatimated to be held outside the continental limits of
B.:':ludee (l)
2/
^
:
203-29
199.61
200.31*
the United States.
Includes paper currency held outside the
continental limits of the United States.
Gold certificates and Treasury notes of 1S90 In circulation
are being canceled and retired iqpon receipt by the Treasury.
Federal HeserTe Bank notes and National bank notes are covered
by deposits of laifful money and are in process of retirement.
October 1946
CAPITAL
AND
93
MOVEMENTS BETWEEN THE UNITED STATES
FOREIGN COUNTRIES AND NET POSITION
IN FOREIGN CURRENCIES
Treasury Bulletin
9"+
Capital Movements Between the United States and Foreign Countries
chapter
This
United
Foreign
Section
Movements
between the
Countries and
Position In
main groups.
Capital
on
States and
Foreign
Currencies
Is
divided
oT Capital Movements,
I
Into
four
the Historical Summary,
contains data regarding capital movements, by the principal types of data and by years, starting with 1935.
Each type of
The last thirteen months are also shown.
data
Is
then broken down Into
Its
chief components In
available.
The last group contains Information regarding the
position In foreign currencies of United States
banks and brokers,
their outstanding foreign exchange
contracts and purchases and sales of foreign exchange,
net
both spot and
month period.
forward.
This
section
covers a twelve-
the same chronological detail.
Figures
Section
II
supplies
a
geographic
breakdown by
The
principal countries for the last thirteen months.
capital movements are given first and then the
total
principal categories are shown separately. In addition,
at this point, the total outstanding claims on and liabilities to foreign countries are each presented.
Details with respect to capital movements and
short-term claims and liabilities are presented In Section III as of the latest month for which the data are
for
previous periods may be obtained from
the following sources:
Supplement to the "Treasury Bulletin" on "Capital
Movements between the United States and Foreign
Countries,
January 191*2 through April 191*5",
for
details during that period.
"Treasury Bulletin",
Hovember 191*5,
for capital
movements, and position In foreign currencies by
months, 19l*2-19't-5.
"Treasury Bulletins",
March 19^2 and earlier, for
details covering years back to January 2, 1935.
Section I.- Historical Summary
Table 1.- Net Capital Movement
(In thoiuandi of dollars;
na^tire figures Indloate a net outflow of
ocQ>ltal from the Ifalted Stetee)
Analysis of net capital movenent in:
Calendar year
or nonth
let capital
movement
Short-term
banking funds
1935
1936
1937
1938
1939
(Jan.
S, 1935-Jan.
1. 1936).
(Jan.
2, 1936-Dee. 30. 1936).
(Dec. 31. 1936- Dec. 29, 1937).
(Dec. 30. 1937-Dec. 28, 1938).
(Dec. 29. 1938-Jan.
3, iglio).
31. 19I1O).
1.1*1*0,686
1.226,722
833.715
U12.956
1.198.735
695. 080
6.039
6,811
316.660
600,693
287.391*
3lt.687
2llU.626
328.968
3"*
57.196
1.135.1*83
32.990
-85.1*27
-1*53.823
81*1,628
-21*3,522
191*2
626.121
1.286.89?
583.373
1,168,058
k, 19110-Dee.
191*?
191*4
191*5
191*6
(Jan.
Total(Jan.
1, 19lt6-Ha7
2.
1935-May
3I, 191)6).
31. 191*6)
19l*5-May
June
July
August
September
October
Hovember
December
191*6- January
February
March
i^ril
May
•
.
.
-261,955
K6.599
27.767
125.15;
191.076
267.008
26,758
115.689
78,156
51.70?
-7.36I*
1*61 ,35!*
11*8,591*
I.O7U.375
-1*66,081
1,216.303
-UI5.,1*21
8.336.733
6.1*71,829
11*0.91*3
52.361*
212,1*79
U7.306
171.687
3.209
-1.831
221*, 913
231.025
81,132
-i*.689
2,06l*
-5.2l*l*
3.8a
-U,570
125.991*
5.1*69
-13,202
-15.276
-1.529
11*6,1*67
-227
U.636
5.075
-23.368
-15.985
19.659
-51.679
36.U55
-10.206
-8,932
-1,210
5.956
-172.787
-27.330
125.085
-30.687
5.822
1.793
-7U2
-lU.326
-11.009
28.106
71.193
-132,120
.
-21*5,062
Transactions
in foreign
securities
3.513
13.372
8.52?
17.79»
-3.135
56.350
116.732
:
Transactlone
In domestic
securities
992,829
U28,lU2
191*1
igltO (Jan.
Brokerage
balances
i*.837
-157.226
-9,691
20.OU9
76.683
-88.931*
-103.1*8U
-98,680
-83,128
-29.1*52
-269,061*
-285,1*19
-20.073
ao,735
77.696
-113.105
-179.005
93.1*96
-1*6.617
131.1*80
619.722
l.loi».239
19.338
-20.801
1*6,1*1*7
3.151*
..
.
October 1946
95
Capital Movements Between the United States and Foreign Countrlee
Section
I
-
-
(Continued'
Historical Sumnary - (Continued)
Table 2.- Short-Term Claims on and Liabilities to Foreigners as Reported
by Banks and Bankers in the United States
(Position »t end of period In tbousands of doUu-B)
Short-tera clalae
Xnd of cal«nd«r
Payable
7*ar or aootli
In
foreign
eorrenclee
1935
1936
1937
193s
1939
(Dec. 31.
(D.C. 30,
(B.C. 29.
(Sic. it.
1935)1936)1937)1938).
65't.990
626.0112
(Jm-
3.
ISW).
508.702
11*0.911
152.1*37
150. OW*
66.71*5
19'10
(Die. 31.
19'tO).
3»3.97S
1*7.1*77
367. 786
2"<6.673
1*7.068
128.951
19111
191*2
I9t3
19IA
257.929
329.69'*
30.916
31*. 387
5U.603
191*5
392.766
1*7,1*89
289.821
375.038
53.831*
19115-ltay
Jbb*
July
60,723
Short-term llabllltlea
Preble
In dollars
Payable In dollars
Deposits
of
foreigners
Loan! to
foreign
banke
161.263
96.726
116.917
165,521
173.238
1*88.365
1,301.11*2
l'3l'.977
1.623.317
1.893,087
2.203,185
3.221.328
115.118
118,633
72.0U8
86.378
105,521
100,267
221.383
202.085
3,938,232
3,678.518
709
137. 161*
''.205.389
5.37l*.903
169.670
2U5.010
111.907
126,013
96,020
120,218
93.815
385,636
310. U7 7
268. 719
1.156.1*96
1,1*56.885
Other
^.795
Psgrable
foreign
currencies
97,851
66,1*78
99.95I*
1.600.507
1,985.025
3,025,189
209,597
82.983
103,369
3,786,162
3.352.223
3.523.328
791
135. 311
111*.
let
short- ters
liabilities
522.563
950.703
1.238,097
1,577,11*3
60, 828
2,712,626
31,01*9
3.55''. 251*
1*,
131*, 1*12
121.001
306. 6I8
668.168
1.222.580
5,596,775
6,883,068
1*.
356, 501
l,a8,633
21,61*1
l*,9l*6.62U
1,910.898
25,51*6
121*. 080
138,302
6.073,950
1*,6S8,650
lt.875.373
1.362.969
1,515,620
179,361*
6,58l(,78l*
lt.g0U,71*l
1,761,008
135.515
136.639
6,660,933
6,780,693
1*,863,683
1.777,061*
19.035
20.186
891*. 102
1,861*, 811*
a,7n
6,259.51*1
6. 35''. ''73
6.510.1*67
997. 303
U.9;8.255
11*3.
6,1*09,551*
19,677
13,893
17,911
3.310,732
3,958,716
5.116,97''
5. 267. 081
6.1*90.302
5, 781*. 129
6,031*, 516
Ai]|;ost
325. 2t3
306.l|£o
Saptenber
270,226
October
BeToDber
December
259.952
331.320
392.766
U2.606
95. 71*2
90.H37
100,267
6.952,1*86
6,861,1*28
1*.
1,930.561*
21*. 619
6,692,531*
197.287
6,530,108
21*5,010
6,883.068
i*,9li6.62&
1,895,283
1,910,898
27.890
l»7.1i«9
25.5116
6,1*90,302
19U6- Jenuuy
7ebruAry
March
1106.286
iio6.«oi
50,12U
U9,218
53.333
108,396
102,268
112.076
2U7.76S
255.315
266,521
6,973.271
6,870,302
6,812,303
5.007,09s
1,91*1*, 872
21,301
6,566,985
903, 606
1.91*3.27'*
23,1*22
6,1*63,501
l*,81tit,205
1,91*3.576
21*,
522
6,380,373
62.072
57.96U
101,531
217,396
270,667
6,79lt.570
I*.
6, 565, 581*
28.521
30,912
6,360,300
215.3't3
1,926,596
1,863,228
1*31.930
Jlprll
1*31*,
Itajr
1*90.703
270
1*9.859
50,727
39.772
'»3.596
Adjusted to include Philippine GoTeruDent aeceunts with the
See 'Ireasury Sulletln" July 19l*£, pi«e 89 for detaila.
TJ.
S,
121,601*
1*,
it,
839.1*53
U,671,l*5It
6,07l',881
Treasury.
Table 3.- Net Movement of Short-Term Banking Funds
(In thousands of dollars; negatlTe figures Indicate a net outflow of coital froB the United States)
Short-tem liabilities
Short- tera clalns
Payable
Calendar year
or aonth
In
foreign
currencies
1935
1936
1937
1938
1939
(Jan.
2. 1935-Jan.
1. I936)
(Jan.
2. I936-D8C. 30. 1936)
(Doc. 31. 1936-Dec- 29. 1937)
(Dec. 30. 1937-Ilec. 28, 1938)
(Dec. 29. 193g-JaB
3. 191*0)
361.360
70.119
I9I1O
(Jan.
19l(0-Dec. 3I, 191*0)
Payable in dollars
Payable in dollars
Loans to
foreign
banks
Payable
In
Deposits
of
foreigners
foreign
currencies
Ret
short- terv
liabilities
-3.552
31,868
-20.191
136. 780
631,1*69
587.331*
992.829
333.507
't.933
1*28.11*2
-1*8,601*
75.159
37l*,lil*0
11*3.119
-9i*.806
-16.971
20.386
-7.717
1*1,758
358.023
269.770
300.020
1.018.1U3
6.333
19.683
37.802
53.039
U7.3l«
228,132
-lU.788
-11.526
2,393
83.299
I,0ll0,l61*
20.520
-112.51*1
121*, 72I*
19.268
117,336
716,901*
-259.711*
-'t33.959
310
185. 617
1*85,870
105.607
385.365
6.51*5
1.179.31''
620.881*
55l*.l'12
-32.506
220.359
1.279.375
220.576
583.205
-275,180
-3.9117
-117.670
-29.779
-11.372
-5.102
It. 018
3.730
3.905
5.366
061 ,093
1.81*6.581
-25.625
6.1*71,829
1.8U6
-3.770
250,387
17.621*
28.91*8
1*9.31*1
287. 39''
328.968
1.135.»83
191*5
191*6
-63 .072
7.111*
(Jan.
1.
iql*6-May
31.
WU6)
-97.937
-10,U75
58.120
-3.515
20,671
-1U,330
-19 ,01*3
5.154
-117.129
Total
(Jan.
2.
1935-Mar
31. 191*6)
589.780
296,072
-118.268
966
-85.217
6.067
106
lt.678
1*5,9110
-6,889
-lit,
-61*, 222
335.601*
61,616
186,723
-17.522
152.651
1*9.795
10,861*
175.230
-70.632
21*5.388
U7U
225,025
-868
10,955
29.993
-2U,198
8.938
18,781
1*3,81*9
76.11*9
26,1103
-1,121*
119.760
58.91*2
30.1*19
16.056
87.750
1.151
1.591
9'*,932
155.991*
15.035
-75.683
171.793
-91.058
103. 201
-59.01*8
2.8112
182,067
-162.1*26
21.61*0
8.369
65.750
-35.281
15.615
3.271
-1*7.723
-2.31*11
-39.806
-2.756
90,203
-102,969
-57.999
-103.1*92
-59.1*01
-17.733
-228.986
-168.009
1*,
191*1
191*2
191*3
191*1*
19l*5-May
June
July
August
September
.
.
October.
loTomber
December
-20.216
36,231*
15.933
-3.1171
-9.n9
19.298
60.899
-75.31*0
29.667
-317.1181*
976
5.882,01*9
1*11.
I^l!2l*6
-2.83U
-990
-3.893
-1.927
5.305
-9.830
February
March
-13.520
-515
-25.129
-l*,115
-8.129
6,128
-9.808
-11,206
J^rll
May
-2.31*0
-56.1.33
-8.739
10.51*5
-It, 11*6
1*.108
-115.865
55.32''
19l*6-January
Note:
I109
16,192
97,503
-11,256
-71.765
.
10,271*
Adjusted to include Fhlllppine GoTemnent accounts with the U.
See "Treaeury Bulletin" July 19116. poge 89 for details.
S.
-7.5'*9
Treaeuxy.
760,993
1*,
60.U7U
-i*.752
-lit.
692.265
81*1.628
-21*3,522
583.373
1.16s .058
11*8.591*
1.216.303
-1*15.1*21
1*6,906
33.97U
-1.598
302
-l*.2l*5
76,683
2.1a
-103,l<?l*
1.100
-83,128
-16.980
-63,368
3.999
2.391
-285.1*19
-20.073
Treasury Bulletin
96
Capital Movements Betneen the United States and Foreign Countries - (Continued)
Section
I
-
Historical Sumnary - (Continued)
Table 4.- Purchases and Sales of Long-Term Domestic Securities by Foreigners, as Reported
by Banks, Brokers, and Dealers in the United States
(In thoUBands of dollare)
Net domestic
Ikimestic bonds
Domestic stocks
Total
Purchases
Calendar year
or noDth
1935
1936
1937
1938
1939
(Jan.
2.
(Jan.
2.
(Bee. 31,
(Dec. 30.
(Dec. 29.
1935- Jan.
1, 1936)1936-DBC. 30, 1936).
1936-I!«=. 29. 1937).
1937-Bec. 28, 1938).
1938-Jan.
3. igUO).
19UO
(Jan.
19to-Dec. 3I, ISUO)
n.a
n.a
n.a.
n.a.
n.a.
n.a.
n.a.
n.an.a.
2gU.206
2.083.698
2.028.755
1.200,119
I.O3U.U78
1.11(2.923
57.196
1.119.905
-85.1(27
751 .081*
-21*5.062
582.91*6
21 It, 002
-1*2.977
21(1.299
-31*.
268,2*
-l*l*.702
513.558
377.717
236.955
393.390
371.258
-13'*.303
28,085
-6.625
-1.333
6.716
85.985
17.580
21.228
-lo.seu
6U.757
21. 632
19.697
29.529
-3.802
-6,782
-9.125
2lt,896
26.338
19.62U
2U.1(12
23.1*51
27.528
26,32U
33.08U
30,180
1(3.02U
-16.700
-11*.
538
-11.389
31.019
29.318
61.925
37.687
30.765
30.877
-6,668
U7.622
31,01(8
62!U02
92,105
'*7.558
51*.
782
-7.221*
1*9.320
2ll(,883
38,8U2
1*2.780
19,392
39.077
-3.938
-15.093
69.777
23,981*
1(1.91(6
5lt.l83
-165.563
50,385
-12.237
^rll
33.553
1*1*,12U
1*1*.
31.78lt
39.660
-10,571
-7.876
Ho. 31(6
May
35.566
38.699
-3.755
-3.133
175.7a
220,1(23
20.439
26.752
2r,061(
July
August
17.830
12.915
Septemlier
20,l40U
October
Bovember
December
19U6-Jaiwaiy
Tebruary
March
19'*2
ISUl
19m
W^S
19116
-56.216
986.021*
2. 6*. 391
2. 273. 381
221.816
17U.952
161*. 218
11(6,039
1,
19U6-Hay
3I,
2.
1935-Moy
3I. 19't6)
(Jan.
Total (Jan.
igltS).
-39,1*36
25.701*
1(1.569
101
506.022
320.991
260,601
392,938
316.660
600.693
2l(l(.626
650,1(11
637.91*0
1*12,676
[(39.676
751.01*5
591.681
-261.955
U6,599
27.767
210,735
-113,105
-179.005
11,676,632
11.056,910
619,722
27,155
112,737
l(l*,61(U
-1,1(1*2
1*2,726
1(7.970
-5.2l(l(
-'(,788
-i*,077
32.539
&3.855
1(1(,109
-11,570
-13,202
70.71*1*
2l(5.31l*
-15.673
•
l9U5-Hay
June
n.a.
579
-97.1(32
278,032
2lU.3«g
138, 51U
170,555
stocks
and
bonds
l,302,68l(
-222,519
20.895
-188.81(6
96.3«3
151.639
136.853
260.223
'73.052
368,558
75.188
191*. 616
171. '32
357.655
k,
19'tl
Total
Sales
-1M7
•
365.171
1(9.313
57.057
80,711
78,387
72.1(1(6
-23,368
-15.985
19.659
96,878
108,619
65.930
269,665
62,172
93.260
-172.787
US.khl
-27,330
73.899
67.350
88.225
78.359
-11*. 326
-11,009
Not available.
Table 5.- Purchases and Sales of Long-Term Foreign Securities by Foreigners, as Reported
by Banks, Brokers, and Dealers in the United States
(In thousands of dollars)
Torel^ stocks
Calendar yvar
or month
^Lrehases
1935
1936
1937
1938
1939
(Jan.
2, 1935-Jan.
1, 1936).
(Jan.
2, 1936-l!ee. 30, 1936).
(Deo. 31. 1936-Deo. 29. 1937).
(Bee. 30. 1937-Deo. 28, 1938).
(Deo. 29, 1938-Jan.
3, 19UO).
191(0
U, 19l(0-0«:. 3I, I9I1O).
(Jan.
I9U1
19U2
ISH?
19115
191(6
n.a.
n.a.
n.a.
n.B.
n.a.
(Jan.
Total (Jan
1, 19U6-May
31, 19l(6).
1935-May
3I, 191(6).
2,
37.328
28,633
n.a.
n.a.
n.a.
19.791
22,078
5't.789
37.1*87
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3. '•87
i(U6.367
311(,268
-17.1(61
-8,851*
318,113
312.290
l*.510
-1,256
7.1*89
-3.51'*
July
August
September
2.303
2.605
2.01(0
263
2.182
1*23
2.1*21
2,091*
327
30,921
11,169
13.562
October
November
December
3.533
lt.333
-800
13,1(82
i*.397
8,216
11.150
-3 .819
5.35't
-5.796
6,788
5,625
3.928
9.781
7.881
5.919
-2.993
-2.256
-1.991
June
19l(6-January
February
March
i^jrll
't.527
U.65lt
-127
May
7.765
9.252
-1,1(87
.a.
1/
372,158
225,289
n.a.
n.a.
n.a.
n.a.
n.a,
n.a.
n.a.
n.a.
71*. 209
88.973
3'*7.269
-29.156
171.956
lltO,33U
n.a.
3.25U
3.975
19lt5-May
^nds
Not available.
Adjusted for the Inclusion on July 1 of $lU,787 thousand repreasntlng the sale of Province of Ontario Bonds.
Total
Pnrohasee
Total
Sales
661, 2S6
896. 1U9
536,098
705.073
1,016,188
1(82,809
71(9.180
1*56.051
561,236
1(1(5,51(7
Sales
Het
n.a.
,278
li ,601
igifS
Sales
fbrelgn
U5.6l^
lb,19U
205,289
185. 261
220.533 1/
469,61(5
31(0,863
127.133
133.558
227.897 2/
Set forelga
stocke
and
bonds
125.158
191,076
267,008
26,753
115.689
78,156
51.703
-7,566
77.696
3110,923
391,91(9
21*7.367
1(02,058
209,1(43
5.735.593
'».631.35't
1. 101*, 239
19.338
-20,801
355.1*1
.1*96
-Ui.617
131.1*80
25.021
20.591*
1*8,869
29.531
33.1(81
-17.287
20,169
1(0,970
27.363
26,868
3.558
-15,699
-1,856
33.221*
13.771*
29,1(03
3.8a
29,050
17.512
-15.276
-1.529
-50.879
17.58'(
21,991*
-1(,1(10
17,015
67,861
22,938
68,69U
63,1(61*
6U,36l
23.190
l6l,ll(5
33.067
53.877
128,078
25,1(1*6
29.21*7
21,1*31*
7.8I3
167.933
31,071
33.175
1*8,236
'*lt.955
a6
18.623
3.281
29.593
52.763
55.981
1(8,
2/
15,1*18
-28,1(31
15.983
-51.679
31,1*06
36.1*55
IW
-10,206
1(2,81(8
125,085
-30,687
5.822
33.
61,758
27.353
1(9,609
3.151*
27.875
28.106
Adjusted for the Inclusion of $2,561* thoussnd representing redemption on July 1 of Provlnceof Cordoba Bonds.
..
October 1946
97
Capital Movements Between the United States and Foreign Countries
Section II
-
-
(Continued)
Summary by Countries
Table I.- Net Capital Movement
(Ip thouaanda of dollarg; negallv* figures Indicate a net outflow of capital from the United States)
igits
July
May
Europe
Uni ted Kingdoo
France
Belgium
3.278
-2U,513
7.759
Denmark
Jinlanl
-IT"*
-3"*
-219
Oe roany
1.096
2.0U5
Qrea ce
Italy
Luxembourg
163
Netherlands
Norway
Portugal
527
-5.92lt
-2.762
-"5
Romania
Spain
Svedan
3,200
Swl tzerland
U. S. S. B
6,381
*.
Yugoslavia
Other Europe
62
To tal Europe
573
Canada
1.775
Latin America
Argentina
Bolivia
Brazil
Chile
Colombia
Costa Hlca
703
-1,1*71
-751
3.''5'«
.
6.217
-1.000
91
Cuba
French Wast Indlaa and
Oulana
Mexico
27.030
1.206
19.503
Netherlands West Indies
and Surinam
Panama
Peru
-l,ll<2
559
571
Venezuela
Other Latin America
3.8U7
3.191
Total Latin America
61,305
Aala
China
French Indo-Chlna
Uong Kong
-U. 768
76
2bU
India, Burma, and Ceylon.
British Malaya
Japan (including Korea
and Manchuria)
-U. Ul6
-53
-13
Netherlands last Indies..
Phllipplna Islands
Turkey
Other Asia
-l,0jl
-2.SM0
Total Asia
-9.080
Other countries
Australia
New Zealand
Egypt and Anglo-Igyptlan
Sudan
French Morocco
Union of South Africa....
All other
Total other countrlea.
Unidentified
Grand to tal
. .
2.233
1,1*68
-2.773
-1*1
-228
132
-551*
1.378
-J
August
Septeober
IJltS
October
Soveober
Decenber
January
February
March
J^rll
Kny
Treasury Bulletin
9S
Capital Movemente Between the United States and Foreign Countries - (Continued)
Section II
-
Summary by Countries
-
(Continued)
Table 2.- Net Movement of Short-Term Banking Funds
(In thongande of dollare; Begatiye figureg Indicate g net outflov of capital from the lotted States)
igu?
Jtma
July
7.O6U
-23.190
7.589
32.373
57,169
-5,125
13.
-293
290
-171
Uar
Burope
United Eingdoa
IVance
Beletim
Senaark
Finland
Germany
AaguBt
in
igltfi
September
October
NoTember
Dacember
-2,565
47.152
-23.011
-45.051
-33.141
-12,678
8,585
-17,196
2.003
-29,060
88,551
-1,314
-49.021
-17.529
-18,119
-79.000
-16.282
-2,284
-3,387
-58.802
9.170
-119,998
13,857
983
5
'^
2,405
482
1.731
-173
191
''.259
3,090
-662
80
13,15't
1.466
4,005
-138
2.668
679
-158
3,111
-556
2,206
-483
-167
21
-125
2,584
3,724
Jt3
2.304
3,160
170
-246
5.021
-745
-857
742
-i^
5.23s
1,299
35
-638
3.011
2.99J
518
27.683
-301
5,73"*
12,9'*9
3.157
12.085
1.629
-693
-12,092
-5,628
-2,228
13,101
-2,979
102
-7,643
-8,693
4,324
-101,671
1,374
-333
l4
6.913
3.251
36
-234
-6,955
4
-2.144
-7.894
692
913
-6.312
194
-1.388
6.937
399
218
-66
12,981
3.230
295
-432
-2,647
12,540
-5
-M
99
13
3.'ti9
637
2>t6
2,664
4,401
85
2,926
Italy
3,925
5,559
3.509
-5.952
-2.766
3.767
6.589
U,186
2.844
Jt.332
5.985
2,030
-9,116
-7,385
2.466
-2,758
6,450
7.429
-1,700
-258
-"7
5.397
2,162
-3t
-5.099
5.176
30
5.058
17,921
401
2,927
9,796
-455
-7,292
5.891
-8.2l6
14,203
6.01)2
-1,163
3.339
6,931
3.388
l,75'l
3.153
-374
10^
-2. 174
Switzerland
U. S. S. B
Xa7
-71,064
-43,280
68,884
76?
2,928
1.072
Spain
Sweden
April
-579
5"*.
1,182
Bumanla
March
-42,,284
Ch-eece
Netherlands
Norway
Fortngal
Itebruary
26,721
8,4o6
-2l46
Ltuembourf
January
6,426
253
-191
-57
30
-8,086
-343
17
-78
5.177
3.596
708
-1,048
7.951
1.736
6l4
2.651
2.034
-1.271
"•,295
196
1.873
214
2.836
2.336
20,056
914
2,220
18
-'»,573
Other Sorope
112
-1,304
9.127
1,470
-503
-5,221
Total Surope
6.047
103.961
93.675
-78,933
-30,075
45.862
-54.8I7
21.872
97.260
-95.882
-82.258
-13.736
-193.389
-6.083
n.8i3
91.059
103,786
'A.155
67.142
-11.925
-38.891
-192.445
2.033
18,423
-17,35*
-81,312
-2.11tO
2,559
1.633
2.306
3,484
-2,089
21,836
-4,318
875
1,165
1.183
-72
21.155
1.118
-637
1.202
-4.56"*
-5.404
-1.240
6.913
14.236
-1.234
-5.035
-8.610
-2
4,502
-2.797
-1.074
10.700
-1,838
-1,011
-5.701
14,835
io4
16,163
l.9't5
-1,120
-2,405
-3U7
-1,612
-5,108
652
-3.525
-4,969
-230
-4,720
-4,107
1,013
'».703
-llfS
Tugofllavia
Canada
Latin America
Argentina
Bolivia
Bralll
-76U
U,06l
-57
is
-361
-1.691
2.595
3,800
Chile
Colombia
CoBta fiica
3.876
-1.020
103
13.3W
-3,640
6,552
491
1.027
-7.675
4s4
-4.541
7.097
-999
-2.418
3. '76
-1.093
7.'*72
-2,104
-8l4
-3.778
680
-2.7't3
-244
-138
2.579
-1.081
Cuba
Trench West Indies and
Oolana
Mexico
27,337
10.205
2,867
-1.121
-6.272
-7.792
-19.166
-l'»,237
-6,621
-805
It, 797
27,'t39
6,283
1,136
18.508
-77
5,198
2,242
12,043
-1.229
-16.949
364
5.412
-308
-798
-690
444
4,154
52
9,970
-65
-932
-524
12.073
38
-18,271
420
-1,969
-l,l45
-3.352
2,941
1.559
2,38?
3,354
160
-1.563
2.809
1.221
630
1,330
3.803
-2.581
115
-2,867
-2,108
-2,241
-7,214
-137
-1,881
1.898
-2,821
1,413
-2,321
3,619
-3.W»3
1,124
884
-1.938
-2,535
-1,422
8,904
1.286
-7.016
3.679
-1.883
-10,
0.516
11,371
158
-6.946
-1.024
1.655
35^*
6,133
-751
-1.908
10.158
8,480
-*.398
535
13.50S
y.si"*
-20.098
19.217
-5.820
-84,2b2
-12.389
-1.315
-3.912
33.212
-3.916
38.^7
3*
-10,831
-212
396
1,616
V25
5.218
-18.983
3.221
2,316
-17.823
220
1.528
-18,623
1,024
2,824
-20.33?
6.336
1.682
1,422
46
-1.619
173
-4,462
44g
8.3W»
-197
-10.931
-75
8.563
191
3,562
-359
Netherlands West Indies
and Surinam
Panama*
*.••*••
Peru
1,1*09
35
Toueiuala
Other Latin America
"•,052
3.230
-6,532
-1.839
Total Latin Aaarloa
58,678
25,229
-77
-53.'t2'»
2.9'tt
31*1
Asia
~BKlaa
-l».99?
-22,220
77.528
9.784
76
252
-K
7
1*7
'ill
<....
224
-78
-214
144
-151
India, Iiurma. and Oayloa.
A20J
-836
113
3.203
-39
641
2
10,581
4
JVeooh Indo-Ohina
Bone Kon<
Irltlsh Mal^a
(taoludinx laraa
and Manohurla)
-53
-18.
-l.'t71
ilai>an
-lU
66
272
-391
26;
-49
-81
63
70
-130
Netherlands last Indies..
Philippine Islands
Turkey
Other Asia
2,202
I, SOU
-1.032
-2,879
-6,4l4
4.612
804
-3,871
-14,184
442
U,053
-9.U94
54,120
-11. Sits
1.414
2,573
-862
436
-935
13,249
5,155
-1,761
659
-1,482
-680
18,883
-3,328
-1.311
9.975
-6U7
4.958
4,300
-3,712
9.010
5,787
-2,662
-9,270
-8,725
4,8l4
2.907
-1.717
-33.159
3.920
7.452
3.076
18,475
1,068
-5,004
-37,414
5.090
5.74
Total Asia
-9,141
-35.218
-11,418
64,049
77,765
10.757
4,304
24,762
17'*.728
-1'*.578
-48,004
10.153
•40,894
%
-LaT"*
-290
-4,029
73
825
1.179
1.176
-1.436
512
399
980
466
-1,985
12
245
-197
-3,2l6
-150
-1,285
-162
2,183
165
-3,1*9
948
-iSl
1.593
-207
2,693
32
3.859
2,270
-831
582
173
-621
-1.033
-1,125
128
-521
I.26U
-638
468
-IS
''59
4,o4i
765
1,226
6,336
1,028
3,ll4
10.276
1,910
-1,581
22,969
-17,19't
-464
-2S6
-279
-1,119
442
2,446
8,069
202
-139
-2,923
924
-1,362
930
l,l48
1,206
-5,067
-2.079
318
-627
13,024
14,190
28,068
-11,079
it,ll7
-1,054
7.784
-4.928
1,807
-6,039
-116
-422
-178
-696
742
458
553
-928
-491
1.071
4g7
2,973
-2,232
*7,306
171. 687
231,025
81,132
125.994
146.467
-157,226
-9.691
76.683 103.484
-83.128
-20.073
-285,419
Other countries
Australia
New Zealand
S^ypt and Anglo-Xfirptian
Sudan
Trench Morocco
Union of South Africa
All other
Total other countries ....
Unldeatlfled
Grand total
-2,67-
1,651
748
-l4l
.
.
.
October 1946
99
Capital Movements Between the United States and Foreign Countries - (Continued)
Section II - Sumnary by Countries - (Continued)
Table 3.- Net Movement in Brokerage Balances
(In thouaaadi of dsUari;
Ufstln flcuni tidloaU
a
ut
ouCflov of e^iltil
tnm
tlio
Doitod StaUa)
191*5
Jvlj
IttTopa
Unl tod Ilofdoa
Trafioo
lalclua
6>3
-552
7"
Donaark.
rtnlaad.
-15
tanaar.
-13
troaoa
Xtalr
Xtttxaabouvg.
lothorlaali.
lervar
Portucal.*.*
•e
-Ul
95
31
-9
2
Ipala..
I
iMdaa.
9*
Svltiarland.
(. I. B...
TucoflaTia...
Othor Buropa.
1.117
a.
Total Buropa.
Can ada .
Latin iaarlea
Arcantlna.
lallTla. .
BraiU
Oilla
Coloabla. ..
CoBta Slca.
Cttba
Tranch Voat ladlaa and
Oulana
....,
Nailco
lotherlandB Vest ladlaa..
and Surloaa
Para
Toaoaoola
Other Latin Aaarlea.
Total Latin iaarlea.
Aala
^Ina
Tranch Indo-Gblna.
Bong Kon<
India, Buraa, and Oaylon.
Irltiah Nalva
J^>an (Includloc Xoroa
and Manchuria)
lothorlanda last lodloa..
Phlllpplna lalanda
Turka/
Othor lala
Total Aala.
Othor oountrloa
luatralla
low Zaaland
B|^t and An^o-Bg)rptlaB
Sudan
Tronch Nor«coo
Union of South Afrloa
111 othor
Total othor eeuntrlaa..
Onldantlflod
Orand total
-17
iafiut
((pUibor
I9I16
Octotor
loTOibor
Dieoabor
Janoary
Nbruaxy
Naroh
^11
MV
Treasury Bulletin
100
Capital Movements Between the United States and Foreign Countries
Section
II -
Summary by Countries
-
-
(Continued)
(Continued)
Table 4.- Net Transactions by Foreigners In Long-Term Securities (Domestic and Foreign)
as Reported by Banks, Brokers, and Dealers In the United States
(Id thousands of dollar,; nogatlTO tig\iT9» iadleat* net salos by foreipwra)
19U5
Itagr
I9>i6
Jul;
Au£u,t
Sopteater
October
November
December
January
February
March
i^rll
May
>tfope
UnlMl Uicdoa
-1,321
-6,002
-82
-1,125
-557
-195
-6.399
-771
96
2.037
11,211
2.022
-1.852
Yruica
Selglua
7.'t27
-3lt7
-U,262
-7,821
60U
7ll2
-5.273
11,256
U13
-6.650
62
-393
-3. gits
-l*,690
138
-5.962
3UU
-195
-5.381
-3.210
-615
Dennark
Tloland
Germany
-36
328
lU
-105
-ll|£
U6
IMO
78
-115
3
-1
8
685
21
2
36
12
-1*1*
-2
6U
89
191
Ul
-2
-39
35
10
11
-23
Oreece
Italy
Luxembourg
-86
lU2
-25
-313
lU
-90
lOU
-63
l,lU9
-200
1.889
-2
-2,820
-122
-2.127
-51
-50
-U.I169
1
uo
Hetherlands
Norway
Po rtugal
37
7
-67
-38U
-1.366
-56
1.376
19
-122
-3
13
1.991
227
-I183
.6
8
50
-63
Swltterland
n. s.
s.
82
2lt0
51
12
16
8U
-92
.6
-3"
57
15
-37
-3
-778
3.8M0
7X3
-1,1*91
-1. 573
897
6
2
a
1.07''
-517
6
-2
-1425
-3.187
2
7
1*1*2
-201
-Ul
-2
-116
71
82
-2, 306
-2U8
251
-21
209
-UU6
-359
12
-51
29
-522
63U
2.085
-383
3t
2,6U3
52
16
91
121
-3.175
-62
-175
-2,611*
-1,681
-68
-7. 753
-732
-2.556
100
35
-158
-37
-1.008
3
-555
-U83
-2,037
-2.137
5I1I
-2.063
1.875
-7.726
-16,856
6.1*61
-17.61*6
-6.U6U
-17,751
-11,291
-6,lli6
-5.7a
-2't.253
-16.U87
-58,222
25.93''
-1*1*6
139.826
12,U70
-5.957
39,68U
1.685
-U6
1.186
-U56
2140
U5I
370
13
372
lOU
-16
208
12
2
333
-1
113
12.073
-2U8
1.529
-117
261
22
-1
-11*7
335
1,288
U9
790
5^
2.'t53
261t
-57
705
-5
-7
UU8
33*
27
213
31
709
-25
2I10
-17
UOI
U08
-19
1*1*7
315
23
23
230
-19
-95
-11
21
9
-3
-115
7tl
719
879
-U31
-50
5>t
1,966
-66
1.617
-79
-16
-1,118
5.60Z
1.63't
5''
-hi
-318
5
-2.072
282
289
73
-693
-1I.051
-592
72
1
U.881
5.838
1.895
362
-3
-IU3
152
-68
'99
"3
665
16
-996
156
-9
-2U3
179
20
3.737
95
-6
-1U31
U6
3.
-69
-858
165
-11
-2.667
-16
5U5
-585
211
2,231*
523
63
-201*
3U9
173
117
917
-268
2,118
-122
2.763
klk
365
982
6.573
2.001*
656
89U
125
-1.120
-28
1.919
-11.21U
11.103
3.278
10.219
-7.UO6
Total Latin America
2.133
7.597
1.100
565
2>KI
-3.2I1O
13.638
15.295
8,1*50
785
I6.5U1
11.837
-1.100
-90
3.2ltl(
171*
-11,81*1*
•177.105
-1
11
-10
2
-208
1.230
-12
-33
British Malva
Japan (including Korea
and Manchuria)
60
-501
-752
-3,U9U
-3.689
-103
-9U
-183
180
15
-2
30
-2
119
-195
-368
2
U59
-U52
U6
-76
-1.375
-862
-3.96U
-3,968
-258
129
10
123
2
1
-61t
23
-3
-1|0
-39
-2
-1*2
-19
-2
-8
-715
-5
-627
-399
-822
-31
-58
-85U
-5
-U
-It
-69
-15
-9.232
-313
-l.OOll
66
-25
29
-30
15
-19
13
219
1*1
-17
-39
Total Asia
6Ui
17.696
11.768
-1,322
-175
-6.191
-1.557
-12.533
178.162
-63
I46
28U
-3
17
6
12lt
66
-1*0
111
-25
-69
-12
-35
-62
-7
-200
227
-26.8U6
-38
-lOll
-137
1
7
5
-Ul
-30
102
-3
15
29
19
I16
1.8U9
U2.623
-63
6
-1
12
56
lU
-106
68
19
109
-180
-10
-562
-29
1.007
2
-37
-70
-183
332
-689
676
-170
32
-1U,731
75.OU7
20. U70
-U7.702
15, 760
-l»
-21*9
51
-131
250
18
Netherlands last Indies..
Philippine Islands
Turkey
Other Asia
Total other countries....
U92
llU
-19
-208
-1.616
-68
205
...
138
lU
20
1.858
Trench Morocco
Union of South Africa.
All other
16
761
-i.aa
-193
U9
110
3
-195
-57
3U_
-25
-60
-211
-87
-19
23
-7
-3
-205
78
-11,172
17.097
Unidentified
Grand total
-1.U23
.
1.923
3.22J
163
80U
617
-379
Other countrlaa
Australia.
New Zealand
Xgypt and Anglo-lgyptian
Sudan
122
-12
-2,021
1
Tenezuala
Other Latin America
and Ceylon.
18
70
ua
-215
-8,
India, Burma,
8
-6U
3
23.1130
Aala
China
Tranch Indo-Chlna
Hong Kong
6
-298
-U6
-6.5U6
Netherlanda West Indies
and Surinam
Panama
Peru
-1*70
3
-U,
138
-7U
lUi
-103
To tal Surope
Cuba
Trench West Indies and
Oulana
Mexico
-60
-2.233
-85
102
3
18
39
8
-21
-1,027
129
Qille
Colombia
Coata Blca
-21
607
'•75
-91
-62
-33
Canada.
-31*9
2
-2.93'*
1
1
TugoBlaTla
Other Xurope
Latin America
Argentina
Bolivia
Brazil
3
9U
BujBanla
Spain
Sweden
8
78
-21
-3.573
-21,508
.
October 1946
101
Capital Movements Between the United States and Foreign Countries - (Continued)
Section II
- Sunanary
by Countries - (Continued)
Table 5.- SSiort-Term Claims on Foreigners as Reported by Banks and Bankers in the United States
(Poaltlon at end of month In tnousandi of dollare)
19U5
July
May
ggrope
United ElngdoB
Prance
Bel^lua
Greece
Italy
Lunabourg
He tber lands
Horway
Portugal
Rumania
Spain
Sweden
S.
S.
January
February
660
2,593
2ll,871
25.1139
531
21,500
999
529
25,9'»7
1,2>47
1,075
602
1,055
631
25.850
757
1,781
8
9
9
1.523
1,5a
d
U
33.866
3
33.850
8
33.«'>
1
33.866
2
33.«5"4
1,033
1,265
33,853
33.85i<
6Ul
6112
61<0
61IO
632
691
3UU
3U5
31414
6^40
3I46
628
3'*3
75
70
69
69
69
69
722
328
72
»iit5
71
660
40.094
60U
l<88
2142
1
89l»
28
922
326
27.892
1.286
759
33.8'
27
I4I48
140
,U62
61
256
28
9142
660
l.'»37
l,l«98
5.'*35
331
^^
69
68
636
7U
216
36,19^
36.333
28
1,012
532
27
86U
1,011
lllO
390
1.039
1.391
33.855
March
j^rll
May
28,585
728
3,582
31.633
859
t.591
32.571
879
1.059
1.080
6U7
33.8U2
53
2,021
33.852
i.a9
33.^
I4.952
101
798
•35
85
72
2.025
575
72
1.500
1,033
72
36.091
1.235
ill
35.767
6.228
U33
•3.360
195
398
118,1488
770
6^1
25
30
1U5
1,602
915
1.830
1,133
1,360
1.102
1,512
1.280
l.^Al
2,U19
S
1.176
552
73
2.091
2,958
3.6I48
1.976
l,6li5
4.931
5.573
6,^196
6
82
2.926
16
6.20U
20
15
2,710
72
3.036
15
13
18
11
8
15
15
8
7
9
7
I4.9IO
U,907
5,110
4.903
1,693
U.765
17
1.878
1^1
U.811
lU
1.982
11
7
18
Ik
U.gg7
.875
5.001
5,060
"I
E
Decambttr
706
I.U9S
290
TogoelaTla
Other Xorope
NoTambvr
1.23l4
SwltiarXand
U.
October
31.602
6
5
33.866
Finland
Oermai^
Septflmlter
2U,833
1.230
759
30.510
1.280
759
Deninark
Aii^st
19U6
7.960
lU
76,159
117.638
112.978
79.1>t5
71,661
69.763
109.558
1^40, 71^1
115.8112
120,192
126,057
13't.796
as, 312
Canada
25.61U
53.770
45.199
1.529
39.581
32.156
38.0211
53.337
7U.3't5
71.330
62,883
6I1.663
50,066
Latin Aaerioa
Argentina
BollTla
Braill
7.7^^
1.299
8.3U3
114,1149
10,8l4^1
20,525
20.956
211.156
17,981
211,732
2^4,352
1.796
18,181
22,032
l,3'i6
2l4,65U
1.678
26,803
1,^165
26,896
1,138
21.730
1.2^19
30.58U
29.671
2,729
29.980
26,768
2,862
31,877
20.1421
I.2I47
11,008
1.253
12,80l4
i.ai
25. "151
Ohile
Colenbia
Costa Bioa
s.jee
15.10s
1,081
6,988
6.336
17.105
1.206
6.797
7.179
16,688
6,999
17,50U
1,382
20, UO
l,^i69
1.1121
7,017
19.953
1.359
21,2lA'
1.183
6,590
16,823
1.237
6,197
18,067
1,5114
1^1.19U
1,1415
19. 102
l.lWt
8.359
16,337
1.225
7. 1175
16.7911
Cnba
39.130
U9,667
10,328
1U,1491
18,303
16,993
27.a'>6
33.315
33.865
32.936
37.12U
22,90ll
27.582
26
llU
8.857
133
10,238
91
212
9.015
2>l
66
128
72
5^4
9.670
10.606
U.002
10.5145
57
13.883
65
8,698
111.252
111,111
13.528
3O8
31't
1.3142
336
979
1.680
1.076
1.9146
76U
1.317
363
82 ?
l.9'43
3UI
1.927
3.319
375
2.78?
3.50U
500
2,875
3,803
I4I46
8I10
3^6^
1.1145
3.8115
Total Xoropa
7,0«2
1,975
30,901
6,728
l,2ll2
Trench West Indiee and
Ouiana
Mexico
8.671
Betherlande Vast Indlaa
and Surinam
•
Panana
Peru
«91
1.37«
l.oiz
l.lUis
305
1,080
1.735
Other I«tia America
5.8D2
lg.56U
5.62U
12.335
12.365
23.720
5.22*>
2li,072
25,lil46
6,057
27.330
6.051
33.'w6
6.570
29,512
6.861
25.935
7.699
26,069
7.392
26,580
7.719
21,189
WtlB America
127.891
m.537
109.8>47
116,578
120.570
113.563
1145,828
158,916
l61i,729
161.190
178, Al
166.122
158,030
1.099
2
868
1.199
i.oUz
2
1,066
1.077
1,176
7,693
9.7I4I
22,8>4l|
1
1
1
1
1
19
176
25,610
19
813
817
817
817
1,702
190
8O5
982
1
810
827
1,115
79'*
1.1451
l,5^ie
1.953
19.1103
16.SU7
lUl
II4.5U
15.0a
8. 0^47
7.155
7.'4«9
7.938
1I42
1I4O
lllO
135
1119
6.956
333
6.812
235
7,a5
ll40
7.051
139
190
6,618
336
521
531
539
532
532
529
305
305
305
302
303
1.398
26,022
2.069
l.ltl3
l.llOO
1.393
1.392
1,37^4
13.8I17
18,1159
U.U29
2,^i7U
15.967
1.083
3.332
16 .085
2,01 14
2,652
1,025
13,6l4l4
13.658
1,681
1.990
I.39U
20,080
1,120
2.833
1.39'4
13.577
2.301
2.885
1.^409
13,02^4
866
3.92U
1,390
16.696
856
3,625
30.797
37.31'>
29, 1^18
29,869
40,551
*3.575
53.599
57.133
511,1110
•
Tanenala
Total
Asia
China
Trench Indo-China
Hong Esng
India. Burma, and Ceylon
Brltieh Malaya
Japen (iacludlae Korea
and NanchuriaT
35'»
11I8
5.22l4
5.670
457
539
537
Hotherlanda Sast Indies.
Philippine Islands
Turksy
Other Asia
1,I«0
1,U23
13.891
2.009
13.6I16
U.769
12.51*7
1.398
13.9U3
2.166
13,135
Total Asia
51.128
U9.158
47.671
60, 7U
972
336
87U
U22
2.073
390
980
7W
3U7
738
615
907
715
1,682
656
2,086
638
1.787
710
1.317
67U
1.'453
i«i3
585
1.790
591
358
210
287
3148
328
152
a7
316
19s
251
ao
198
a3
7
6.127
1.058
6
6,022
2.151
11
29
6
i.lli9
62
t.7H3
i,au
1.676
2,2^43
•.959
2,618
5.8a
l,l48^i
50
5.319
2.198
72
1.522
1.352
39
5,001
61
5.193
1.378
6
1.998
2.5lll
62
6,650
2,397
7.797
2.389
8.858
9,685
9.292
8,229
7.319
6,87'!
8,555
9.702
10,560
10.315
10,608
11.3145
12, 81 It
171
250
256
268
278
282
207
199
3142
289,821
375.038
325, 2U3
306,^160
270,226
259,952
331.320
406,801
431.930
4314,270
1490,703
Other conntrias
Australia
Hev Zealand
Igypt and Anglo- tgyptian
Sudan
French Morocco
Onion of South Africa.
All other
.
Total other eouttrles...
Unidentified
Grand total
2.007
1.631
J59.
392,766
I106.286
3"*
Jl
Treasury Bulletin
102
Capital Movements Between the United States and Foreign Countries - (Continued)
Section II,- Sununary by Countries
-
(Continued)
Table 6.- Short-Term Liabilities to Foreigners as Reported by Banks and Bankers in the United States
(Poflltlon at end of aonth in thousands of dollarB)
19U5
May
Europe
United Klngdoai.
France
Belgium
July
August
1946
September
October
December
Januaiy
Pebruary
April
May
832.079
86l.83't
372.299
142.132
871.952
398.964
150.53s
823,952
356.684
149. 908
746.157
313,417
218,615
740,2a
315,12'*
l'*7,257
360.321
195.602
699.617
327.256
182.997
707,694
310. 040
185,029
679.045
398.293
184,865
630,499
380,667
167,558
553,759
364.453
166.263
553,420
305.782
176.442
434.360
319.659
177.786
13.386
6.831
6.739
13.678
6,658
6,734
13.683
6.627
6.760
14,420
6,671
6.859
16,825
7,153
6,856
20.070
6.679
7.051
24.327
6.202
6.884
25,921
5,538
6,963
40,083
6,606
6,907
41,555
10,737
6,770
44.243
Germany.
6.613
47.375
10.116
6,620
4S.55U
11.907
6,505
Greece
Italy
luxemboarg.
53.655
62.853
19,104
56.584
43,926
19.345
60,J07
49.486
22.853
63.171
53.886
22.938
66,097
58,479
22,896
68.669
61,980
22,853
70.977
65.360
23.023
70.790
70.371
22.277
69,964
71.108
22.311
69,666
72,480
22.359
74.932
75.507
22.342
76.677
103.330
22,04l
75.514
106.799
22.059
Netherlands.
Norway
Portugal ....
209. sa"*
213.306
240,599
40,646
215,807
236.635
46.385
217.968
187,118
39,o4o
220, 56J
184
34,39*
45.464
228,051
182,673
45,166
269.642
182. 936
48.497
281. 567
193.987
36.576
216.071
47.881
293.914
176,459
47,481
282,182
175.002
45,254
294.959
174.016
45,378
294,909
159,290
49,667
268,366
161,645
49.488
Bomanla.
Spain.
Sweden.
9.284
37.551
160,237
9.255
31,848
165.449
9,281
36,934
183.704
9,682
40.376
194.338
9.236
32.589
199.062
9.227
24,443
213,466
9,24o
31.208
217.196
9.313
31.712
210,145
9.291
37.117
9.218
37.355
a3.959
a2.880
9.222
35.363
205,164
10.029
36.205
199,991
10.151
35.467
195.957
Switzerland.
S. S. E...
Tugoslavia.
Other Burope.
258, 0U2
261,182
20.863
5.671
50.293
268.522
22,338
5.170
45.171
273.781
25.724
5.113
277.668
25.4o4
5.216
44.951
284,420
24,373
289.966
24.848
304.228
28.012
5.735
43.675
315.45-
316. 218
28.479
6,555
48.384
321.155
24,829
6.766
51.217
324, 4l4
29.74
323.231
57.428
7.257
57.422
Denmark.
Unland.
.
D.
17.515
5.639
51.673
.
Cotal Surope
.
46.922
.441
5.
411.1
4^,
317
6.349
46.398
2.U16.856 2,562,302 2.651.317 2.538.551 2.501.012 2,544.956 2.529.934 2.582,962 2.655.350
.
Canada
U,244
44,882
7,675
53.563
818 2.487.425 2.482.428
2.369.555
1,161.293 1.267.262 1.349.750 1.449.866 1.492.073 1.551.790 1.545.733 1.522.155 1.350,718 1.349.736 1.359.712 1.344.138
1.248.229
2. 563.
Latin America
Argentina.
BoliTla. ..
Braill
70.0U6
17,672
138,763
73.220
19.219
146.202
82.510
17.164
164.350
75.051
18.045
162.971
78.030
17.858
181.504
77.188
17.879
179.157
82.305
15.641
185. 603
77.332
14.498
195.138
94,768
13.596
192.252
79.983
13.381
199.622
83.937
13.571
210.631
84.135
12,693
206,827
92.623
11.910
222.014
Chile
Colombia.
Co9ta Blea.
54,888
76.646
8.228
66.834
76.228
7,477
64.565
82.323
8.049
64.487
90,188
7.031
63.208
93.247
6,246
63.557
83.078
6.631
71,411
84.508
7.079
66.281
79.186
6.889
66,552
82.44£
5.953
64.630
80,604
5.693
63.883
77.539
6.297
60.313
72.413
6.005
55.304
69.597
.
6,901
Cuba
French West tndles and
Qui ana
Mexioo
169.624
190,366
153.894
156.936
154.476
145.374
136,461
128.293
122.222
120.488
139,473
152.692
163.653
6.334
158.401
6.345
163.785
8,606
177.209
7.335
158.720
7.820
164.449
7.329
164.306
6.634
111,818
7.120
116.368
7.234
125,881
7.098
128.287
6.582
140.729
6.627
122.317
7.029
119,765
Netherlands West Indies
and Surinam
Panama
Peru
32.541
83.132
33.911
29.2»
31.529
89,616
35.750
31.692
87,813
38,770
32.919
89.072
38.797
33.598
90.461
42.625
30.990
.732
90.73.2
1.904
28.238
88.721
43.926
20,914
89.435
43.421
22.846
87.476
45.019
20.650
91.181
41.875
a. 720
86.224
35.534
90.325
39.780
19,196
88,913
48.193
136,647
41.483
134.759
50.213
134,947
43,o4l
145,278
44,327
138,614
48.452
138.105
38.323
138 .334
49.688
144.764
35.950
150.316
42.374
145.988
41.304
156.300
49.477
152.393
50.339
160,508
1,035,026 1.076.901 1.100,725 1.087.358 1,110,567 1,097.740 1,045,743 1,046.442 1,050.940 1,043.489 1.093.952 1.077.717
1,108.072
Venezuela
Other Latin America.
Total Latin America.
Asia
China
Trench Indo-Chlna.
Hong Kong
.
India, Burma, and CeylonBritish Malaya
Japan (including Korea
and Manchuria)
Netherlands last Indies.
Philippine Islands l/...
Turkey
Other Asia
Total Asia 1/
Other countries
Australia
New Zealand
E^pt and A[,glo-S07tian
Sudan
-
541.735
27.533
21,857
519.615
27.510
22.023
501, U4
578,666
27.560
21,738
588,461
27.607
21,882
591.685
27.523
21,731
581,380
27,500
22.115
582.276
28.036
27.355
756.258
28.196
30.467
737.967
34.550
31.828
732,087
37.928
34.801
717.030
37.991
36.426
695.384
a. 948
26.624
848
23,232
954
24.099
9l4
25,250
918
28,857
920
33.243
987
34,561
1.032
33.380
1,201
29.367
1.657
36.729
1.644
25.654
1.471
34,620
1.617
37.585
1.4o4
3.941
4.214
4.158
4.077
4.137
805
3.661
3.670
99.296
612.145
50.475
76.685
104.447
645.431
50.464
S3. 747
99.028
598.421
66.067
86.336
102.084
617,014
66,918
81.9*
103.645
580.211
71.998
87.369
1.319.195 1.360.707 1,341,802 1.432,691 1.510.542 1.563.416 1.554.354 1.549,722 1.735.132 1.723,578 1.685.598 1,699,285
1.655.668
23.830
4.795
27.518
4.002
4,066
4.322
117.648
448.838
50.734
79,376
111,257
531.905
51.536
68.609
112.646
528.775
50.833
69.633
108,775
540,470
51,178
74.195
103.758
659.748
47. 186
72.997
113.726
629,175
52,477
77,959
983
3.853
110,013
9*2.797
57.275
75.119
100.745
635,693
62,184
78.385
3.
30.657
3,329
27.827
3.330
27.559
4.572
28,496
3.070
29.005
3.737
30.154
4.303
28,944
4,256
29.593
4.o4l
26.078
3.963
24.323
3.765
26,642
3,841
9.528
10.973
10.843
13.597
13.609
17.292
19.627
18,895
19.359
19.585
18,923
17.878
16.76s
4.276
3.981
4.733
73.396
4.741
5.764
79,838
5.792
8.402
89,982
7.679
6.448
112.813
9.363
8.048
96. 081
9,973
U.255
•6,354
9.686
o
6.291
96,184
95 .440
8.927
101.315
12.375
11.280
96.240
169,85s
165.288
6.043
68.576
3.637
6.4o6
70.128
Total other countries.
123.985
125.130
124.110
136,071
149.351
176.974
167.576
l64,6o6
l64,4lo
171,949
17.595
17.252
17.080
16.396
17.14s
17.610
13.088
17.181
16.721
17.732
Brand total l/.
1/
3.
39 .042
35.360
32,029
3.533
Trench Horoooo
Hnlon of South Africa.
All other
Unidentified
140,320
6.073.950 6.409,554 6.584.784 6.660.933 6,780,693 6.952.486 6.861,428 6,883,068 6.973.271 6,870.302
Adjusted to Include Phlllppina Government accounts with the U.
See 'Treasury Bulletin". July 1946. page 89 for details.
S.
Treasury.
18,302
6.
21.144
812.303 6.794.570
|6. 565. 584
October 1946
103
Capital Movements Between the United States and Foreign Countries - (Continued)
Section 111
-
Details for ^tonth of May 1946
-
(Continued)
Table 1.- Short-Term Claims on Foreigners as Reported by Banks
and Bankers In the United States
(In thousands of dollars)
Treasury Bulletin
lOl^
Capital Movements Between the United States and Foreign Countries
(Continued)
-
Section III - Details for Month of May 1946 - (Continued)
Table 2,- Short-Term Liabilities to Foreigners as Reported
by Banks and Bankers in the United States
(Position at end cf month In thoueanda of dollars)
Short-term liabilities payable
ip foreign correncles
Short-ten llaMllties payable in dollars
Total
hort-tent
liabilities
Bgrope
United Kingdom
Total
Dsposlta
of
foreigners
UjU.jSo
319.659
177.786
Ul8,lgl
319,356
177.595
1102.505
Belgium
Denmark
U8.55»*
1*7.903
Wnland
11.907
6.505
148,551
11,901*
Treoice
Oermasy
Oreece
Italy
.^
Xnzembcnirg
^
157
3
3
5.727
10
5
2
3
13
1
69
8
1*7
22
700
30
1*10
267.750
161,630
U9.010
253.087
76,6U8
t7.875
11*, 591*
57
5
559
10
13
16
866
U53
616
15
669
1*78
1
1*77
10,151
35.361
195.752
10,108
3U.767
83.931
100
102,000
12
9.730
101
106
205
lOU
139
322,863
12.187
901
368
lll8
57.1*22
304,835
57,396
7.226
57.059
l*,9l*0
7.257
57.U1U
62
160
133
2.369.555
2,350,988
2,036,61*3
20.307
283,031*
U.OOU
18,567
1.179
l,2Ug.229
1.21*5,831*
328,265
1.707
912.673
3.189
2.395
11*5
3.885
35.»*67
firench Vest Indies
1*87
10,106
175
5
10.151
323.231
57.^28
7.257
6,U90
75,'*lt5
106,791
22.059
57,1*28
83,880
15
2
8
1*3
1*82
32
11
92,580
11.910
85,811
11 ,910
222. OlU
11.901*
2,877
6
221.91*2
202,098
16,61*9
55.3OU
69.597
6,901
55,28U
69.597
6,901
53.600
69,376
1,338
221
6,l*2l*
1*77
163.655
163,653
160,361
2,691*
7.029
119.765
7,029
7.028
1
119,1*93
117,91*1
19.196
8S.9I3
UO.320
19,196
88.912
1*0,297
17.109
68.928
39.390
50.339
92.623
Oaba
191
118
186
22,021*
195.957
Chile
Colombia
Coeta Blca
325
31*6
I.SOK
Sweden.
I^tln iaerlca
Argentina.
Bolivia
Brazil
16,179
303
3.521
1*02
Romania
Spain
Canada
1.701*
Other
395
323
U9.UgS
Totsd Sorope
9.928
U9,811
8,708
Uabllltles on
acceptances made
ty foreigners for
a/c of reporting
bank* and baalcers
73.OUU
105.358
75.51U
106.799
23.059
161,61*5
B
Borroved
from
foreign
banks
Total
lU
268.366
Togoelavia
Other Borope
and certificates of IndebtednesB
70
Horvay
Portugal
Switzerland
168,1*29
2,227
902
133
U.S. OovemmeBt
Treasury bills
U,ll*6
6.363
Vettaerlands
D. S. S.
266.939
Bllle
held for
aceoont
of
foreigners
20
7
30
3.195
72
300
1*6
20
579
19
951*
51*5
53
81
11
2,006
19.973
1
765
lllO
23
10,287
7.101
2,2Mlt
and
Oulana
Mexico
Hetherlands Vest ladies
and Sorinaa
Panama
Pem
272
237
35
Venezuela
Other Latin America
50.291
160,182
1
1*8
lUl,991
330
1,779
7
160. 5O8
15,660
752
326
U8
32^
Total Latin America
1,108,072
1,107,267
1,031,911*
28,183
A3.095
i*.075
805
552
253
695.3**
39.0U2
35.360
692,813
260.731
27,617
1,606
1*26,681*
689
1.882
11,1*00
3.792
25
2,571
39.01*2
30,913
30,181*
109
580
1*0
l*,l*U7
U. 1*1*7
37,326
1.275
35.386
1.S09
259
129
129
236
36
21*
76,185
12
it33
2.51*5
2
329
301*
90
90
7.863
5.693
Asia
China
french Indo-China
Hong Eong
1*9.953
India, Burma, and Ceylon.
Brltleh Maltha
Japan (including Korea
and Manchnria)
3.670
3.631*
2.920
1*56
Hetherlands £aBt Indies..
Thllipplne Islands
Turkey
Other Asia
103, 6U5
580,211
71.998
87.369
103,61*3
579,882
71.998
87.279
27.320
570,728
126
6,176
69,1*32
1*07
79.139
162
7.1*60
2.159
518
1,655,668
1,61*7,805
1,10U,298
IO.S51
523,21*0
9.'»l6
21,696
1.381
135
507
111*
U,63l*
Total Asia
Other eountrlea
Australia
Vew Zealand
Xgypt and Anglo-Xfirptlan
Sudan
Prench Morocco
Union of South Africa....
All other
Total other countries....
Phi dent 1 fled
Orand total
59
1*26
81*1
23,830
5.795
t.?li
16,768
16.676
13.677
162
2.837
12.375
11,280
12,375
10,590
95.898
11,268
1,036
89,737
71
16
221
15
5.725
as
iei*,oo6
151,555
1.986
6.2U7
l*,21g
18,772
18,772
18. 769
6.565.581*
6.53U.672
63.037
1,768.289
31.902
165,
10,51*3
H .6 71
.
W
8
30
12
2
25
1,91*9
26
109
3
92
92
606
16
3&a
30.912
68
27U
717
562
8.286
10.517
12.109
.
.
.
.
..
...
October 1946
105
Capital Movements Between the United States and Foreign Ck>untries - (Continued)
Section III
-
Details for Month of May 1946
-
(Continued)
Table 3.- Purchases and Sales of Long-Term oecurlties by Foreigners as Reported
by Banks, Brokers, and Dealers in the United States
^tn thousands of dollars)
Porchases by "foreigners"
Total
purchases
Domestic securities
Sales by "foreigners"
^reign securities
Total
United Zln^dom.
francs
Belgian
stocks
2,Ul9
2.933
1,042
717
1,920
168
?57
1,013
l.l3lt
87U
77
92
Dsaaark.
252
196
92
104
56
nolaad.
8
30
30
1
29
23
720
719
5l»
665
213
»3
203
I.37U
3.393
3.010
Qflmany.
Oreece
Italy
Luxeabourg.
Netherlands
Horva7
Portugal ....
Bonds
931
23
3
8
Domestic securities
Total
sales
Foreign securities
StocKs
1.U88
5U
89
6,966
56
8
2.738
188
958
115
1,819
5.756
1.901
U.081
2.327
5.91*1*
659
597
71
62
3
59
213
212
166
1*6
51
51
39
12
3
77
1
56
k
270
553
99
J5
1
23
1
10
23
1*
1
650
165
61*9
10
572
105
117
83
8
159
233
70
233
1.979
863
17
167
1,906
729
166
265
367
263
255
3I18
308
2
19
393
10,223
9.1*50
7.1*50
773
10
2.170
10
105
161
1
'50U
196
179
1.257
1X8
171
386
192
379
190
335
1*9
Ul*
1
7
2
Svltsarland.
S. S. E...
T\i^BlaTla.
Other Siirope
7.665
7.072
5.705
1.367
593
188
1U9
135
lU
39
38
12
2,209
2,065
2
39
Total Baropa.
19.MU7
15.711
11.135
"•.576
3.736
1,265
2, "171
30.738
27.
HI
15,829
11,282
as
36.«99
6.99lt
29.905
U2.316
3,016
39.300
39.531
19.257
9,762
S.626
2.959
2.905
2,667
3I1O
2.327
3.703
3.1I9
15
11*
9^3
62U
603
319
32
287
805
668
Chlla
Colombia.
Costa Biea.
2.173
525
kJB
U20
92
6k
1.735
278
201*
??
6U
1.735
t33
1*25
163
6lt
67
155
59
Cuba
French Vest Indies and
Oulana
Mexico
2.189
l,8l|0
1.837
3't9
2.037
1,881
1,818
271
1.636
73
59
91
1
fiumanla.
Spain...
Swadan.
200
U.
.
Cnnnifl
79.
Latin America
Argentina.
BollTla.
Brazil
31
.
.
39
1.062
970
Netherlands Vest Indlas
and 3ariaaffl
Panama
Peru
108
3.951
639
lOU
1,U1»2
630
loU
1,083
612
359
18
Tenazaela
Other Latin Amerioa.
722
3,858
665
3.182
665
2,7iA
U38
Total Latin America.
22.350
13.172
12,169
951
863
816
.
223
6U
709
3,627
762
2.86$
9.1*95
20,271*
5,61*6
ll*,628
2.395
750
558
I8U
37t
Ik
597
1
1
71
137
92
2
71*
7
67
3
8
8
k
U
8
63
156
87
51
39
66
26
llO
U9
202
152
59
39
1.>I82
Asia
""China
Trench Indo-Chlna.
Bon£ Eons
126
39
U20
IU3
U
2.509
2
19
26
69
39
277
817
751
700
llU
11
168
5.382
22
2,029
22
1,980
5
U
593
1.763
577
1.590
9
92
3.353
580
81
2,31*1
3
13
13
57
676
57
303
373
15.072
11*.
7^6
U26
2,229
109
12,517
136
326
1.003
9.178
3.359
5.819
29.756
26,183
11,013
15.170
3.573
2,673
900
1*7
88
77
U,61l0
1*,1|69
2,050
2,1*19
171
1*1*
127
212
212
9
6
u
671
i6i
.
29
29
29
212
India, Burma, and Caylon
British Malaya
(Including Korea
and Manchuria)
128
128
12s
9
Netherlands Sast Indlas.
Philippine Islands
Turkey
Other Aala
6
296
7
286
6
132
6
283
5
113
1.U55
1.38O
J^an
Total Asia
1.703
Other countries
Australia
New Zealand
S^7>t and Anglo-Egyptian
.
Su-lsn
292
5
3
3
3
h
1*91
1*07
6U
252
63
198
227
60
137
180
2
5.671
5.361
2.695
2,666
2l|8
IA6
12U
1*22
1(22
1
U9
310
133
177
323
312
303
"t
2
2
2
35
95
9U
31
8
6
8
6
79
8
15
95
25
20
502
538
1*1*7
361
86
91
38
53
78.359
39,660
38,699
27.875
9.252
18.623
French Morocco
Union of South Africa.
All other
92
Total other countries.
616
113
106
123.331
67.350
31,781*
503
2
7
32
8
Unidentified
Gtand total.
35.566
55.981
7.765
i*8.a6
lo6
Treasury Bulletin
Position In Foreign Currencies as Reported by Banks and Bankers In the United States
Table 1.- Net Position by Countries
(In thousands of dollars; nagatlre figures indicate short position)
October 1946
107
Position In Foreign Currencies as Reported by Banks and Bankers in the United States - (Continued)
Table 2.- Outstanding Forward Exchange Contracts
(In thousands of dollars)
Ourraucy of:
Contract* as of ood
of aonth
iDJopo
(eontlaoAd. on follovlji£ page)
Or and
total
Total
Boropo
Oil tad
tlocdom
Balflian
Oensany
Italy
Sotharlands
Portugal
Airetaaae eOBtracta
Total:
IjUj-Jima
I»,39t
Imlf
6,0(8
«.39^
13.?76
ia^at
Saptamter
October
BoTaabar
DeceBbar
^11
H«y
Aram foralgn oastoaara:
igUS-Juna
Ao^st
July
iO^Bt
September
October
lorember
Dacember
19U^Janaax7
Total:
19>I^JuBa
July
iu«uat
September
October
SoTember
Dsoeaber
l^US-Jaauary
Vsbruary
March
iprll
Key
To forel^ cuatomara:
19lt$-Aine
July
in^uflt
July
io^Bt
September
October
BoTember
December
19li6-Jemury
fbbruary
March
Iprll
May
17.379
16.532
2.817
383
68
161
1.577
3.939
5.988
10.701
17.082
19.953
16.676
22.695
20,761
Mv
19l»S-Jime
17. "466
16.5'»9
17.719
U.6I1O
19.361
February
March
^irll
Key
1>«.656
23,997
21.309
2,227
1.550
1.072
1.302
5*8
Mv
i^il
Ik
2.ol»3
,
,
79
^7
13
13
13
81
81
81
81
81
81
81
81
13
13
12.589
20.l»33
2.267
from domestic oastoowra:
IjUj-Jana
To domestic cuatomara:
U,193
2.575
2.339
,
19U6-Jaaaar7
ftobnury
March
iprll
Vabraary
March
U.Ulili
2.1't9
2.>I06
Juljr
19l4£-Jaanary
19,9116
Ua
ao,i90
Harcb
September
October
BoTsaber
December
377
2,338
5,006
10,107
12.800
13.375
12.190
19.
19U6-Jaiinar3r
79'bruary
Saptaabor
October
SoTomber
Dscambar
21.996
1B.9U3
715
2.U5U
5.105
10.397
12.901
13.605
12.391
l(l>3
911
619
822
950
U53
66
110
110
156
110
8ll0
uo
1*53
>«80
313
191
86
313
112
86
332
2,386
U,662
216
13
2,270
«
9,li86
111
68
Wt3
721
619
712
>t80
12,282
12,783
U.ltlU
ue
'».563
9.3«6
12.181
12.663
11.350
10,991
12.301
10,71(0
1'».350
l'*.3l»3
12.109
li.'uii
13
13
13
13
81
Spain
Treasury Bulletin
108
Position In Foreign Currencies as Reported by Banks and Bankers In the United States - (Continued)
Table 2.- Outstanding Forward Exchange Contracts
(Continued)
(In tboueands of dollars)
Onrroncy of:
^ts
&irope - (oontinaed)
Contracts aa of end
of Bontli
tim1\aAm
avltssrISDd
Other
Atxope
Latin
Aaierlca
Eon<
loac
Total
Aala
Japan (Inoludlng
Xorea and
NanelnrlB)
Other
lata
All
other
Airohaae contracts
Total:
19Uj-June
IT
2,219
129
July
IT
2.19fi
129
129
3
iueut
September
l.SSg
190
Obtoher
SoTember
Decemher
5.156
5,6l«
3.Tlt
U.909
I9lt6-Jainiar7
I^hruaiy
March
April
Msy
3,100
3.5«T
3.2U
1.331
1.309
1.28T
1,300
380
380
380
380
1.230
3«0
380
380
1.53*
1.531
l,20>t
1,20>«
1,531
1,531
992
1.99T
938
23T
i.gT"*
380
380
82*
82*
82*
82*
82*
82*
82*
127
105
•9I
103
§63
65
65
52
379
ITl
n
990
2
1.1T5
,5
1*9
131
35
ItoB forelip oustoBero:
I9l(5-Jnne
July
An^st
September
October
BoTomber
Deceaber
190
129
129
129
1,230
l.TT"!
T3
99T
703
105
95*
410
IT
1,223
22
IT
1.531
1,321
1,192
22
5,601
3,S£6
It.qog
I^bruary
March
April
May
"t.ltlS
3.100
3.'t62
3.288
30
30
220
30
30
19U6-Januar7
Jebruaiy
March
April
May
To forel^ castoaers:
19U5-Jnna
Jnly
An^st
September
October
HoTember
December
igllfi-January
febntary
March
April
May
To dCBOstle customers:
July
August
September
October
Hovembor
Dscember
19>t6-Jeauary
fcbmary
March
^11
May
105
82*
82*
82*
83
82*
82*
82*
86*
26
380
380
380
380
380
380
61
182
6T5
2*1
•^
30
129
65
530
556
521
52
279
169
52
52
22
22
5
20
53*
531
531
531
988
938
23T
Sales contracts
Total:
igUj-Jiino
380
380
380
it.ees
19U6-JainiAi7
igUS-Jnno
July
An^ast
September
October
loTember
December
1.309
i.2r7
1,28T
1.300
1,201)
l,20lt
19lt6-Jan<iar7
Vebruaxgr
March
April
May
FroB domestic cnstOBers:
19U5-Jnne
Jnly
Aogast
September
October
Norember
December
996
665
5^T
235
U90
82*
131
35
38
2
126
328
779
1*2
18
920
7*5
100
2
223
328
923
1,020
T65
97
65
65
..,.
October 1946
109
PoBltion In Foreign Currencies as Reported by Banks and Bankers In the United States
(Continued)
Table 3.- Purchases and Sales of Foreign Exchange (Spot and Forward)
(In thoaaanda of dollars)
Oarranoj of:
loropo
(eontlaaod on foUoirtng page)
Grand
total
Transaotlonfl
dnrin^ aonth
Total
Sirope
TUtod
Eln^doa
franco
Solgliin
Otrmai^
Italy
latharlaada
fturahaaos
Total prurchaaoa:
19U3~Jiine
July
in^st
Septembor
Octobar
oTOBber
DecoBber
igltfi-Janoary
Fabruary
March
April
May
Spot
forward.
Spot,...
Forward,
Spot..
Forward,
Spot,
Forward.
Spot.,,,
Forward.
Spot....
Forward.
Spot .
Forward.
Spot....
Forward.
Spo t . .
Forward.
Spot....
Forward.
Spot....
Forward.
.
,
.
,
.
.
Spot
Forward.
Purchases froa banka:
19U5-Jun«
Spot....
Forward.
July
Au^Bt
September
October
HoTOabar
Decettber
19^&-January
February
March
iprll
Magr
Spot.
.
.
Forward.
Spot....
Forward.
Spot....
Forward.
Spot....
Forward.
Spot....
Forward.
71.280
3.700
5U,l6o
3.958
58.112
>t.985
72.18U
7.306
79. 1"^
13."»3Z
«U,122
lU,823
117
267
5,808
28,728
7,765
268
92
1*0,377
39.9lt6
5,809
38,056
7,770
50,087
6,169
12,989
8.657
•6.522
5,250
58.151*
5,777
66,691
6,552
73,868
8,960
69.819
8,536
219
5
32U
312
te,821
5,250
5U6
363
1*7.630
908
563
6.01*2
5,698
It
57,71*1*
582
599
3
6.552
60,552
71*1
777
20
651*
25
17
8,91*3
11
57.369
1,113
8.1*57
1
59.076
8.638
1.1*92
7
898
2
19,501
218
18,129
1,220
18.995
I.67U
12,1*60
71
295
97
1*28
10.1*98
1.671*
266
339
19.576
13.329
111*
255
181*
218
11,132
1.220
't.783
3.71*9
3.71*8
't8,0't3
25,aU6
17.289
9.937
56. 188
6.71*7
6.71*2
5
37.813
5.136
29,233
5.009
30.871
3.036
2U1
37
r
102
21*8
31*7
29.1*90
2.70I*
859
537
196
528
506
1
71*2
20
519
k
779
2
12
7.'tl'*
Spo t .
73.1*
. .
365
33,i*'»9
19.098
2,392
23,868
3,103
73.0I10
62,666
6.115
65,161
7.229
. .
531
268
26,8UU
2,392
32.782
3,103
129,>»96
Forward.
Spot. . .
Forward.
Spot.
106
221*
511,562
32.816
2.536
31.652
2,896
36.59U
30i»
22,298
22lt
98.936
9.527
107,608
11,118
105.517
9.692
137.076
15.833
138, 2Ul
13.002
3.%6
81
29.527
1*1.111
3.036
39.315
2.783
52.693
1*1*.
1»
l*.lt90
U.ltgo
55.383
5.072
1*3.121
1*5.379
33.621*
667
11
1.012
3.«07
3.328
1
73.167
7.257
lU.gso
31.663
1.230
it.165
1».1U6
7
Spot....
Forward.
Spot....
Forward.
Spot....
Forward.
Spot....
Forward.
Spot....
Forward.
Spot....
Forward.
Spot....
Forward.
Spot .
Forward.
Spot....
Forward.
Spot....
Forward.
Spot....
Forward.
2lt,758
10,026
9.83«
10
9
8.715
1.172
13.787
7.966
1,172
13.370
9
103
2
26
1,1*29
1.1*29
3.'^95
20,370
2.060
12.210
1.023
20.120
2.060
II.U39
1.023
27.?3'»
12,271*
7,'i09
1.033
36,270
13.1*51
2,2ll*
Spot
Vsrward.
Forward.
Spot....
Forward,
Spot
Forward.
7.102
95.259
10.068
85.79?
6.21U
Spot
Forward.
5.055
Pttrchaaaa from othera:
19lt5-June
July
Au^uat
SepteBbar
October
loTOBbar
Dacember
19^*6-.Jajiuary
Fabmary
March
April
Hap
.
.
6
21,3ltlt
1,1122
26.U60
2.089
35.590
2.523
31.106
3,1112
1*2,1*7
3,889
32.133
2,390
1*1.817
18,839
2.994
13.998
2.062
18,1*85
3
12
8U
55
11,11*1*
83
210
1.033
11.950
298
16
2 ,211*
18.11*0
2.991*
1*9
26
13.51*8
51*
93
7ii
35
101
135
21
262
119
5
2.062
17.1*31
5.765
3.888
3.888
52,ltU2
2l*.lllt0
23.71*5
6,788
5,129
5.129
56,329
5,732
28,190
27,1*13
lt,l*92
1*.1*92
Fortoatl
Spala
Treasury Bulletin
110
Position In Forel gn Currencies as Reported by Banks and Bankers In the United States
-
(Continued)
Table 3, - Purchases and Sales of Foreign Exchange (Spot and Forward) - (Continued)
(In thousands of dollars)
Currency of:
Europe - (continued)
Asia
Transactions
during month
Switzerland
Latin
America
Other
Europe
Total
Asia
Japan (Including
Eorea and
Manchuria)
Other
Asia
Total purchases:
igltJ-June
July
August
September
October
Hovember
December
igUfi-January
February
March
April
Map
Spot....
Forward.
Spot,
. .
Forward.
Spot....
Forward.
Spot....
Forward.
Spot....
Forward.
Spot.
. .
Forward.
Spot....
Forward.
Spot
Forward.
Spot....
Forward.
Spot....
Forward.
Spot....
Forward.
Spot
Forward-
glU
U,g21
176
32,636
3. in?
11,023
l.OHZ
5,066
218
18.91*5
ii,oi5
1,056
59
738
1,056
59
738
957
6.195
162
I7,7't2
2,622
865
865
665
>»,576
102
1.551
1,826
5.56ii
I7U
1,836
23.759
1.353
31.505
1.322
6.053
260
23,9111
2.780
7.123
32,228
2,739
1.358
5.1«1
1.859
5.553
3.130
3.155
1.531
U,2lt5
1,2511
I.25I1
13
1,188
1,188
13
2.367
100
3.875
glA
11,331
5.352
ii,lt97
75
1.305
2,367
100
3.875
gUU
5,038
1.519
7.223
11,112
33.603
lt6
1.305
3
5.6>*6
17
16
'^,522
2l»2
20,510
2,l«l
6,931
616
13,379
ii,U52
537
1,8811
l.Sgll
2,209
5.590
635
"111,906
ll,9llO
3.581
2I18
8,690
637
7,2Uo
912
8,690
637
1.031
59
737
1,031
59
737
768
U6
1.270
768
U6
1.270
1.999
1.191
13
1,178
1.191
13
1,178
2,681
2.353
2.353
100
6,292
1,1121
78
3.05a
1,2'A
33.708
3,306
1».895
3.385
llll
5.029
1.519
7.223
7,2110
912
Purchases from banks:
igUS-Juae
July
August
September
October
Hovember
December
ig'^fe-January
Spot
Forward.
Spot....
Forward.
Spot....
Forward.
Spot....
Forward.
Spot....
Forward.
Spot ....
Forward.
Spot....
Forif ard
Spot . ...
FoiTtard.
February
March
April
Mar
Spot ....
Forward.
Spot....
Forward.
Spot
Forward..
Spot
776
lt,788
106
588
5.030
129
919
5.967
71
539
"•.539
36
20,997
3.179
9.195
1.301
8.351
1.176
11.916
1.675
5.23'*
92
16.I179
1,222
5. "J 80
l6g
1.275
5.273
1.832
13,862
2,278
15,201
1.670
5,276
119
1.850
U.l»g7
17'»
2.219
6,702
5U3
2,oU7
78
5.'*70
532
2.953
5.195
2.970
1.767
2.037
99I1
2,191
3.1711
17
2,9lll
75
1,069
Ftorward.
100
16,011
3.602
8.970
1,093
28,038
2,811
27,521
2,170
ll,381
15,766
2,660
3.7OI1
'•til
5,lll2
3.365
301
3.693
11,306
11.297
1.519
6,580
1.519
6.580
l,88ll
l,g8ll
7,5711
7, 5711
637
637
6,737
6.737
1132
1132
Purchases from others:
IS'tS-Jnne
July
August
September
October
November
December
I9U6- January
February
Spot....
Forward.
Spot....
Forward.
Spot....
Forward.
Spot....
Forward.
Spot....
Forward.
Spot
Forward.
Spot.....
Forward.
Spot.....
Forward.
Spot
Forward
Spot
Forward.,
Spot
Forward.
70
33
36
89
38
228
91
126
37
66
ll,8ll3
359
3
151
330
82
15,026
939
100
573
92
10,052
83
1U8
9U8
189
277
55
17,027
1.198
17.592
^rll
May
Spot
Forward.
638
25
25
i,oii5
1
1
855
97
97
702
35
35
63
63
2,1172
lt,8ll5
1,156
1.531
10
10
I.56I1
lU
111
971
2ll2
2U2
880
732
732
6I13
1,116
895
68
II.5I10
229
73
15.3I11
1,6111
966
236
6I13
120
103
17.?85
l,2ll7
1,116
l,lill
2118
17,9112
1.191
llU
90
35
262
162
328
.
March
11.6j9
238
9,750
250
9,391
660
38
Ujit
99
t7
175
6I16
(Continued on following page)
503
1*80
. ..
.....,
:
:
,
October 1946
111
Position In Foreign Currencies as Reported by Banks and Bankers In the United States
Table 3,- Purchases and Sales of Foreign Exchange (Spot and Forward)
-
-
(Continued)
(Continued)
(In thouBandB of dollarB)
Currency of
TranBactloas
durlDg Donth
Europe
(continued on following page]
Or and
total
Total
Europe
Total lales;
igUj-June
July
United
Klngdon
Germany
Spot
Forward.
60,938
11,020
28.
nu
21,281*
1*95
1*95
Spot
5't.6l3
31,826
2.592
2i*,ii«3
30.109
3.156
20,791
3.139
270
383
lt6.87U
Mo, '121
5, '•18
118
267
37.995
8.105
U9.663
9.091
28.81U
7.712
261
12
83
1*0,1*32
3'»3
212
516
36t
583
.
.
.
Forward
Spot.
Forward.
September
Spot....
Forward.
53.167
6,298
75.980
9.626
October
Spot....
Forward.
78,309
15.307
NoTember
Spot. .
Forward.
83.516
17.775
December
Spot
Forward.
85. '•33
19.
51.857
1*1,192
SW
7.961*
7.209
Spot
Forward.
96.696
23.782
98,862
53.2'*7
13.15''
.
.
5M9
82
256
106
581
2,592
August
19'*6-January
Belgium
8,958
'•3.318
867
598
517
19.2911
13.051
55.683
12,200
1*
6U.621
12.200
127.5118
6e.09U
55.372
739
729
23.695
li*.958
l't.937
Spot
.
Forward.
130.055
19,599
66.797
Si*.
299
12,019
1,118
680
12.11*1
Spot
12U,190
16.965
10.223
61,123
10,077
l.l«9
Forward
Spot....
Forward.
Spot....
Forward
22.715
2.132
22.851
2,889
10.895
9. '•32
8
35
319
319
lU.l*65
13
181
August
Spot
Forward.
22.635
2,180
13.309
I.7U1
12.590
1.399
10.951
1.7'H
8
16
September
Spot
Forward.
1(3.818
lt.806
27.278
3.905
25.715
3.905
13
lU
October
Spot.
Forward.
3it,29i
15.775
12.97't
73
1«
8,129
l*.li23
'•,077
November
Spot
33.132
8.010
17.885
15,208
75
77
5.21*8
5,2'I0
3U,I»99
18.922
5,112
15.551
U,720
290
75
16,195
3,877
21,672
6,110
February
Spot
Forward.
March
Spot. .
Forward.
J^jrll
May
Sales to banks
191*5 -June
July
.
. .
.
. .
.
.
.
.
.
Forward.
December
igUS-January
Febniary
March
April
May
Spot....
Forward.
8,259
75.3'tO
1.399
Spot
Forward.
37.088
6,220
19,137
3.980
Spot
Forward.
Spot
Forward.
Spot
Forward.
36.936
7.919
52.259
13.510
56.615
10.219
2U.50I*
Spot
Forward.
52.157
9.3U9
Spot....
Forward.
Spot
.
Forward.
Spot
Forward.
Spot....
Forward.
Spot.
Forward.
Spot
Forward
Spot
Forward.
Spot .
Forward.
Spot.
Forward.
Spo t .
Forward.
Spot
Forward.
38,223
8.888
31.762
.
.
.
.
.
.
6,110
27.158
22,997
2
9
1.119
82
U
17
106
271
177
250
8.1*70
8,1*51
1(1*7
179
7.161
25,028
7.060
3l.5lt8
26. '•53
1*38
'li2U
7.212
7.080
17.1*19
11,852
176
11.553
1.193
71*
221
176
17.361
1.193
93
iwo
16. SCO
9.8l*0
262
367
105
253
Sales to others:
igltJ-June
July
August
September
October
November
December
19U6- January
February
March
i^rll
May
.
.
.
.
.
.
. .
.
.
Spot
Forward
It.
'•53
30.532
It. 118
32.162
1.1*15
1.398
19,596
i'»,706
1»,820
1.51'*
1,513
l(lt.018
22,220
3.682
31,778
15,8'«)
7.178
50,381*
188
3.635
12
25.22l^
268
3. 718
25,6Ui
"•3
135
9.765
3.8''3
50,93't
32.935
2,852
31*. 110
g.n"*
226
289
27.123
9.17»
785
566
1X3,117
3'^.011
1*92
2l«6
6.090
"to. 936
6.090
32.375
6.U86
29.271
562
U79
2
671
9
501
1,051
695
11.081
59.608
17.562
61,926
11.375
75,289
10,185
73,lt'i0
37.252
9.380
'*,980
72.033
7.616
6,1*88
2,1*89
'•,959
670
2,997
31*.
3,011
Italy
Netherlands
Portugal
356
176
Spain
Treasury Bulletin
112
Position in Foreign Currencies as Reported by Banks and Bankers In the United States - (Continued)
Table 3.- Purchases and Sales of Foreign Exchange (Spot and Forward) - (Continued)
(In thoaeandfi of dollars)
Ottrren^ of:
loropa - (contiimed)
Asia
TransactlonB
daring BOnth
Cftwftil*
Swltterland
Other
larope
LatlB
Aaerloa
Japan (l&lotal
Asia
elTidlng
Other
Korea and
Asia
All
Other
Hascfauria)
Total sales:
July
Angast
Spot ....
n>rvard.
Spot
Ibrward.
Spot....
forward.
833
4,088
41
23.85:
933
90
815
933
90
815
3.750
985
110
3.358
1,274
47
1.331
56
1,220
3.771
20
207
15.078
4.233
3.591
487
6,189
169
15.987
2.991
21,644
4.052
2,728
41
985
2,417
88
1.274
47
31.202
6.956
24,243
8,328
23,472
10,174
29,616
8.373
18.683
4.437
41,452
6.557
44,875
5.270
29.480
6,139
3.146
187
4,480
356
17
£61
Spot
fbrvard.
1.7M6
Bovember
Spot
forward.
Spot
Ibnrard.
Spot
Torverd.
Spot
forwerd.
Spot
Ibrverd.
1.3^7
Kerch
10 .39^
5.047
Spot ....
Jferward.
Ifebruary
144
76g
September
19U6-Jeimar7
888
1.315
October
December
It,
3W
4,1(89
147
5.579
ISO
5.723
264
5.725
1.654
662
5.381*
a4
U,663
194
8
1,132
52
1.751
99
1,982
670
Spot
Torvard.
2.319
19
2,lU5
101
6,759
.l^rll
5.TOU
585
May
Spot
rorward.
3.129
132
5.245
1,2S4
uo
56
1.220
2,800
122
3.303
30
4.635
3
3.910
3.4te
1.015
4,510
969
5.100
630
4,387
428
4,827
2,800
122
U,795
1,262
6,281
2,008
8,445
1.752
7.372
2,162
4,795
1,262
6,272
2,008
8,445
1.752
7.372
2,162
5.234
123
7.537
307
7,537
307
9.822
1,813
6.776
1.475
316
132
132
1.550
268
126
126
l,zi6
7.355
439
14,184
901
3U
209
209
15
1,451
292
170
170
1,894
15.799
3.703
12.618
2.762
12.456
3.142
387
218
218
2,U2
302
163
163
3
2,l64
593
250
250
2,278
ns
877
182
6l4
608
6O8
2,691
522
1,400
530
654
1.400
530
654
3.065
927
103
991
991
4,018
3.772
4l
3.323
487
2,417
4i
2,125
86
801
90
689
801
90
689
2,200
V6
uo
776
110
1,104
47
3.859
65
4.528
24
4.177
19
5.170
6.184
6.599
173
Sales to banks;
19U$^ime
Spot
250
796
36
July
Spot ....
Forvard.
361
761
76
isj^st
Spot
Ibrvard.
7«3
882
50
Septeaber
Spot ....
Ibrvard.
39S
759
19
October
Spot ....
Torvard.
1,023
44
KoTeober
Spot
Ibnrard.
Spot
Torward.
689
8
667
1,200
64
1,018
Spot
Forward.
899
99
1.076
1,3U
488
392
49
1,0)46
36
1.076
19
976
101
1.516
132
1,781
67
1,081
U2
877
923
ft)rvard.
19'46-Jaziuar7
Ibbruazy
April
May
Spot
Forward.
Spot
Ibrward.
Spot
Forward.
Spot
Ibrward.
^3S§
13.
2.058
7.838
1.378
20,114
4,510
21,674
3.058
14.673
2.034
5
632
2,403
4,110
Sales to others:
IjU^Joae
July
Au^st
September
Spot
Forward.
Spot ....
Ibrward.
Spot ....
Forward.
Spot ....
Fbrward.
5«3
4,092
108
lt07
4,2S6
131
532
5,307
17
3.730
U9
263
128
October
Spot
Forward.
996
4.556
136
Boveaber
Spot ....
Ibrward.
658
4.523
200
December
Spot ....
Ibrward.
U^
4.707
52
852
4.073
1,166
270
165
906
3.617
158
1,2^3
4.978
603
Spot
Ibrward.
1,169
4.623
473
Spot
Forward.
1.613
ISUfi-Jannaiy
>Bbruaz7
Maroh
^11
Nay
Spot
Forward.
Spot ....
Fbrward.
Spot
Forward.
14,031
8,581
8,302
2,758
8,632
2,552
7.460
3.151
15,403
3.253
U,625
5.566
11,016
7.032
15.841
6.315
10,845
3.059
21.338
2.047
23,201
2.759
187
4,178
356
2,852
1,010
3.633
787
4,486
630
3.865
428
2,a2
4.368
301
14,807
4,105
4.307
20
1.104
47
2,087
15
1,907
1,877
20
1,113
56
1.057
1,11^
2,523
1,057
1,746
2.550
122
4.187
1,262
4,704
1.577
7.045
1.222
6. 718
2,162
6,546
307
2,550
122
4,187
1,262
".695
1.577
7.045
1,222
6.7I8
2.162
6.546
307
1,581
65
1,837
24
1.774
19
2.105
2.074
2,581
173
(.
"3:
BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS
BONDS
V:
Treas.
HJ
U.S. Treasury Dept.
10
.A2
1946
C.2
Treasury Bulletin
iii^HiiHimiiiiiuiuuuiiHiiiiiiii]
@FedFRASER