Full text of Treasury Bulletin : October 1953

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oor*'
lM<^

DCTDBER-1353

UNITED STRTES TRERSURV DEPARTMENT
OFFICE DF

THE SECRETBRV

October

)

mj

Table of Contents

Page

Treasury financing operations

A-1

Summary of Federal fiscal operations...

i

Budget receipts and expenditures

2

Trust account and other transactions

5

Treasury cash Income and outgo

7

Debt outstanding and general fund

10

Statutory debt limitation

i;j

Debt operations

1^.

United States savings bonds

19

Treasury savings notes

23

Ownership of Federal securities

2k

Treasury survey of ownership of Federal securities

26

Market quotations

-iq

Average yields of long-term bonds

33

Internal revenue collections

35

Kjnetary statistics
Capital movements

Corporations and certain other business-type
activities - balance sheets (including loans by
type
Cumulative table of contents.
Note:

Where calculations have been made from unrounded figures, the details may not check
to the totals shown.

35
1^.3

56
73

October

IW
Treasury Financing Operations

yields of approximately I.56 paroent per annum If
held for six months, I.9I percent for one year,

Treasury Sav lngg Notes, Series
A new series of Treasury savings notes with
interest rates revised downward to reflect changes
in the

2.10 percent for eighteen months, and 2.21 percent
If held for the full two year* to BAturltx.

Oovemment securities market was announced

by the Secretary of the Treasury on September 25,
'^^^ "®v notes, the announcement stated,
1953'

The accompanying table shows for the denomina-

would be available for purchase on October 1.
The sale of Treasury savings notes. Series B,
offered since May 15, 1953. w^ terminated to be

tion of

^,000 the monthly tax-payment or redemption

values and approximate investment yields.
official clrcular,No. 931, dated October

effective at the time of the announcement.

1,

The
I953,

includes a table showing these data for each denomination, and gives the terms of the offering

A subsequent announcement, dated September 29,
Indicated that the new notes would have investment

In full.

—

Treasury Savings Notes of Series C
Tax-Payment or Redemption Values and Investment Yields

$1,000.00

Amount of interest accrual each
month after issue month

Tax- payment
or redemption
values during
each monthly
period after
issue month 1/

Approximate investment yields
On par value
On current taxfrom issue
payment or redate to begindemption values
ning of each
from beginning
monthly period
of each monthly
thereafter
period to maturity
{

Interest accrues at rate of II.30 per month
per $1,000 par amount:
First month
Second month
Third month
Fourth month
Fifth month
Sixth month

$1,001.30
1,002.60
1,003.90
1,005.20
1,006.50
1,007.80

Percent)

1.56
1.56
1.56
1.56
1.56
1.56

(

Percent)
2.21 ~
2/
2.24
2.27
2.31
2.34
2.38
2.43

Interest accrues at rate of $1.90 per month
per $1,000 par amount:
Seventh month
Eighth month
Ninth month
Tenth month
Eleventh month
Twelfth month

1.7"^

2.45

1.80

2.1(6

1,015.40
1,017.30
1,019.20

1.81*

1.88
1.91

2.U8
2.50
2.52

Interest accrues at rate of (2.10 per month
per $1,000 par amount:
Thirteenth month
Fourt eenth month
Fifteenth month
Sixteenth month
Seventeenth month
Eighteenth month

1,021.30

1,025.50
1,027.60
1,029.70
1,031.80

1.95
1.99
2.02
2.05
2.08
2.10

2.52
2.52
2.53
2.53
2.54
2.56

Interest accrues at rate of $2.20 per month
per $1,000 par amount:
Nineteenth month
Twentieth month
Twenty-first month
Twenty-second month
Twenty-third month
Maturity.
Note:

the
one
day
1/ Not

The word "month" as used in this table means
period from and Including the 15th day of any
calendar month to but not including the 15th
of the next succeeding month.
acceptable in payment of taxes until after

1.66

l,023.li0

1,034.00
1,036.20

2.56
2.55
2.55
2.55
2.55

1,038.'K)
i,o'to.6o

l,0t2.80

1,0U5.00

2/

2.21

the second month from issue date, and not redeemable for cash until after the fourth month
from issue date.
Approximate investment yield for entire period
from issue date to maturity.

Treasury Bulletin

The new notee, Series C, are elmllar to the
discontinued notes, Series B, except ae to the scale
In addition, the offering
of Interest accrual.

Treasury 91-Day Bills Increased
New Issues of weekly Treasury bills during
September totaled $6.0 billion. They refunded the

circular carries the new provision that the Secretary
of the Treasury may, at any time, terminate the

$5.9 billion of bills maturing and provided $100
million cash. Each weekly offering was for $1.5
billion; and each maturity amounted to $1.5 billion
except that for September 10, which amounted to
il.h billion. The average rates of discount on
the new Issues were I.961 percent for September 3,

Issuance of these notes with Interest accruals as

provided above and may at any time or from time
to time authorize the Issuance of additional notes
of this series with such Interest accruals as he

nay presorlbe.

Note;

Details of Treasury market f Inane lag operations are
"Treasury
shown elsewhere In this Issue of the
Bulletin",
in the tables on "Offerings" and "Dis-

1.953 percent for September 10, 1.957 percent for
September 17, and 1.634^ percent for September 2k:

position", respectively, of marketable
notes, and oertirioateB of Indebtedness,
"Offerings of Treasury Bills"

issues of bonis,
and in the table

.

.
.

)

.

October /95J
SUMMABY OF FEDERAL FISCAL OPERATIONS

(In millions of dollars
elpta and eipondlturoi

ErpendItures

2/

deficit

Net of
trust
account
and other
transaction

Clearing
account

Net
Increaae
In General
Fund bal-

General

decreaae

balance

LeTels, end of period

Debt outstanding

it/

(-)2/

(-)

(-)

Fiscal years!
19^*2
191*3

12,696
22,202

I9IA

1*3,892

191*5
191*6

1*1*,

191*7
191*8

1*0,01*3

762

1*0,027
1*2,211

-21,1*90
-57,1*20
-51,1*23
-53,91*1

-20,676

-52lt

39,289
33,791

751.

-1,103

8,1*19

-29lt

-1,811
-3,122
3,510
-It, 017
-9,389

-lt95

191*9

38,2U6

1950
1951
155a
1953

37,01*5

1*0,057
1*0,167

IU3

1*1*,633

62,129
65,218

66,11*5
711,607

1*8,

195* (K»t.).

-1,613
-338
-2,222
791

31*, 187
79,622
95,315
98,703
60,703

68,305

72,116

-3,811

16,290

57,751

-l*l,U6l

191*3.

3l*,'t83

90,171*

19W.

1*3,531
1*3,928

97,l8i
87,522

-55,691
-53,650

38,810

1*1,322

23,1*61
61t,27l*

61t,307

57,679

358
6,515
10,662

2,991
9,507
20,169
24,698
14,238

72,422
136,696
201,003
258,682
269,422

3,308
4,932
3,470
5,517
7,357
6,969
4,670

258,286
252,292
252,770
257,357
255,222
259,105
266,071

4,568
4,100
1,623
433
476

10,7110

1*,529
-10,1*60

555
-507
366

-11,136

-10,930

-5,991*

1,621*
-1,1*62

lt83

587
-2,135
3,883
6,966

1,839
-388
-2,299

5,029

1,330

6,000

271,100

27

50,232
57,707

6,983
1,751

10,543
12,294
22,236
26,003
3,502

108,170
165,877
230,630
278,115
259,149

4,301
4,230
1,514
567
339

3,097
4,208
4,679
4,232
4,295
6,o64

256,900
252,800
257,130
256,708
259,419
267,391

81
55
30
24

256,125
255,941
254,997
254,727
255,093
255,222

99
679

-2llt

llt7
lt37

-312

53

59

1*78
It,

-ItOl

2,01*7

Calendar years;
191*2.

191*5.
191*6.

-1*3,591*

-2,512

-1,788
-266
-1,161
-123
-1,386

191*7.

1*1,010
1*1,1*50

38,576
36,209

2,1*31*

191*8.

191*9.

38,122

1*1,711*

-3,592

37,831*
53,1*88

38,255

-lt22

56,81*6

-3,358

-350
-229
-502
311
815

65,523

71,366

-5,81t2

-Itl

1950.
1951.
1952.

5,2ltl

Months:
1951-January.

lt,l*l*8

February

lt,257

3,211

1,047

227

^4arch..

8,112
2,626

l*,058

It,

051*

-31*

281*

April...
May
June. ..
.

6I10

3,11*6

1*,007
l*,517

7,089

5,969

-1,381
-1,370
1,119

-69
136

July..
August
Septanber

2,571

1*,739

-2,168

3,591*

5,087
5,163

-1,1*93

October.
Hov ember
December

2,635
3,521
5,279

5,1*83

-2,81*7

5,178
5,627

-1,658

-55
82

-31*7

196

1952 -January,

l*,953

5,1*55

February
March,,,

5,553
9,886

5,105

1*1*8

5,701*

l*,ia2

April...
May
June...

l*,323

6,016
5,659
6,930

-1,693
-1,850
2,865

July,.,.
August,.

3,316
I*, 050
6,585

6,71*2

5,018
6,070

3,099
151
6,003

6,383
5,161
7,121*

-3,283
-1,009
-1,121

5,061

5,737
5,595
6,187

l*,315

Soptembe:

October.
Not ember
December
1953 -January.
February
March.

6,209

3,809
9,796

It,

5,1*79

10,502

1/

9,91*2

3,767
-22,502

-18,96(3

-2ltO
23lt

-2,21*9
-1*,100
l*,331

87
-106
-319

-1*23

-1*1*7

2,711
7,973

62
1,770

2lt7

-583

-161
111
106

-181*

221
929
3,187

199

-30lt
1*3

-lU
-103

l,o!*6

1*71

-270
366
129

-1,611*
1,571*

1*35

988
709

-1,737
-525
1,822

5,620
5,095
6,916

255,657
256,644
257,353

-1,173

91*5

-2,01*2

1,306
-186

-250
-329

4,874
4,624
4,295

258,298
259,604
259,419

357
587
-2,278

-U15
1,196
1,765

3,879
5,075
6,840

259,775
260,362
258,084

329
-91
-326

209
1,613
-800

-1,1*1*7

5,393
5,421
6,969

258,292
259,905
259,105

-3,1*26

1*32

3,968

957

-968
515

-195
-229

113

-973

-501*

20I*

7,925
6,952
7,156

263,073
263,186
262,682

6,175
7,636
6,064

264,919
267,432
267,391

5,689
6,024
6,908

267,402
267,584

-501

-676
-116

-252

2,238
2,513

316

28
1,51*8

-981

201

-21*3

-265

-11*5

272
-197

11
182

-376
335

-135

-3,099

881*

289

105
1,930

-3,326

3,582
3,639
4,670

264,590
266,520
266,071

1*,071

8,741
7,674
7,478

272,669
273,206
272,937

1,1*61

-1,57s

April.
May...
June.

2,81*9
l*,380

6,362

9,71*1*

7,988

-3,513
-1,862
1,756

July..
August
September

3,308
U,568

6,068

-2,759

-231*

1.66

6,0l42

-l,li73

300

-1*30

6,598
536

6,01*1

6,119

117

-269

6,21*1

-1*05

1,111

4,454
5,382
8,569
6,955
5,782
7,357

-91*1*

-1*49

Actual flguroe from Daily Treasury Statement; estimates based a
"EeTlew of 1954 Budget" released August 27, 1953. More detailed
Information vlth respect to the figures on this page Is given in sue
ceedlng tables.
Grose receipts leas appropriations to the Federal Old-Age and Surrlvore Insurance Trust Fund and refunds of receipts
Transactions of the Foreign Economic Cooperation Trust Fund, established under Section 114 (f) of the Economic Cooperation Act of

Source:

2/

61t,753
^7,1*81*

362

3/
4/

-1,067
-196

264,4fi5

1948 (62 Stat. 150), are consolidated vlth budget expenditures. Beginning with the fiscal year 1951, investoenta of wholly owned
GoTemioent corporations in public debt securities are excluded from
budget expenditures, and included with other such inrestzients under
"Trust Account and Other Transactions".
Excess of receipts, or expenditures (-).
For outstanding checks and interest coupons, and telegraphic reports
from Federal Beserre Banke; excess of reoelpta, or expenditures (-).

Treasury Bulletin
.BUDGET RECEIPTS AND JXPEHDITURES

Table 1.- Receipts by Principal Sources
(In millions of dollars)

Other
receipts
6/

Income and profits taxes

Withheld
by
employers
2/

igW

1951
1952
1953

5/

Appropriations
to Federal
Old-A^e and
SuTT Ivors
Insurance
Trust Fund jj

1,701

7,725

1,238

8,01*9

39,379

508

1,1*59

8,301

1*22

1*6,099

2,1*77

8,31*8

1*1,853
1*0,307

3,1*92
'*,635
3,821*

1*1*,238

2,021*

2,381

38I*

2,082

1*2,771*

10,073

18,189

28,263

2,883

8,303

39,

W9

1*23

1,1*39

1*1,311

1,616
1,690
2,106

13,535
18,521
25,058

2U,2l8
32,8b6
33,101

37,753

3,931

9,1*23

1,639

'1,562
1*,988

9,726
10,870

51,106
65,635
69,931

621*

51,31*7

551
613

1,811*

53,369
67,999

3,120
3,569

1,91£

72,1*55

April....
May
June

1,170
3,399
2,138

6,986

July

1,252

1,125

3, 1*99

1*05

195't to

Grose
receipts

30,885
29,306
31,171

3,5W.
2,102

..

Total
internal
reTenue

29,1*82

21,1*93

1953-Januai7..
February,
March . . . •

August.

Miscellaneous
inteznal
revenue

taxeB

19,6ltl

11,1*36
9,8li2

igkg
1950

Total

19,292
19,735

9,392
10,013

19ll6

1947

Othea-

5'*, 073

1,1*79

l*,538

IU7
757

8,551

10,229

1*90

1,837

2,771*

21*7

1*90

3,373
8,705

625

2,171
3,385

221*

5,556

850

3,UJL

date....

3,983

1*71*

626

Table 2.

1*0,310

1*35
U9I*

1*,972

6,150
11,712

1*1*,

Refunds
of
receipts

2,973
3,006
2,272
2,838
2, 160

1*0,027

2,107
2,302
3,151

U8,ll*3

l*,086

51*

5,061
5,479
10,502

209
107

5,232
6,300

102

U,870

1*25

336
9W*

1*0,01*3

1*2,211
38,21*6
37,01*5

62,129
65,218

1*,920

90
169

l*,Oi»li

922
939

5,11*0

232
516

21*1*

2,81*9
l*,38o

10,117

151*

10,323

1*20

159

9,71*4

937
955

3,332
It, 966

3,619
5,153

206
519

105
65

3,308
4,568

3,900

8,771

963

7,876

Expenditures by Major Classifications
(In millions of dollars)

Interest on the
public debt W/

Total 2/

Veterans* Adjoinistratlon 11/

1946.
1947.
1948.
1949.
1950.

60,703
39,289
33,791 12/
40,057 12/
40,167

48,870
16,812
11,500
12,158
12,346

727
4,928
4,143 12/
6,016 12/
4,689

4,722
4,958
5,211
5,339
5,750

4,253
7,259

6,878
6,517

2,133
5,332
6,467
9,666
10,865

1951.
1952.
1953.

44,633
66,145
74,607

19,955
39,033 ii/

4,1*69

5,613
5,859

5,333
4,952
4,335

9,263
11,384
13,393

354
349
364

1,123
965
781

44,581*

4,917
5,788

6,508

235
311

6,1*69

5,737
5,595
6,187

3,632
3,501
3,789

April..
May....
June. ..

6,362
6,241
7,988

3,746
4,056

51*7

560

351
350
349

1,281
l,4l8
l,l4l

July. .
August.

6,068
6,042

3,890
3,519

558
437

369
351

1,014
1,529

12,109

7,409

1953 -January
February.
.

March.

. .

1954 to date.

Source: Dally Treasury Statement.
1/ For further detail, aee tables under "Internal Bevenue Collections".
2/ Under Current Tai Payment Act of 1943, as amended (26 U.S.C.
1621-1632). Fiscal year 1953 and '«"''«>' iy figures Include old-age
Insurance taxes on employers and en^loyeee because these taxes are
not separable currently from incoms tax vithheld. Prior fiscal year
figures exclude oM-age Insurance taxes, on the basis of estimates
beginning 1951. For further explanation, see footnote 7.
i/ Corporation IncoBke and profits taxes and individual income tax not
vithheld. Fiscal year 1953 and monthly figures Include oM-age
insurance tax on self-en^loyment Income, because this tax is not
separable currently from Income tax not vithheld. Prior fiscal year
figures exclude old-age insurance tax, on the basis of estimates beginning 1952. For further explanation, see footnote 7.
,

563

372
179

2,543

4/

^

Partly estimated beginning January 1951 (see footnote 7). Fiscal year
1953 aM monthly figures vill not add to this total (see footnotes 2
3).

Consists of receipts for old-age Insurance, unemployment Insurance, and
railroad retirement. Beginning January 1951, recelpte for old-age
insurance are estimated ae explained In footnote 7. Railroad unemployment Insurance contributions for adminlstratlTe expenses are inclined in
"Other receipts".
6/ Includes proceeds from sale of surplus property and from Governmentowned securities; deposits resulting frooi renegotiation of war oontracts
(see "Treasury Bulletin" tor Februaiy 19^8, page 5); and repayments on
credit to Cbited Kingdom (see Table U).
Footziotee 7 and 8 on page 3 and 9 through 31 on page k.

.

)

..

October

19'j)

-BUDGET RECEIPTS AND KXPENDITURES

Table 3.- Expenditures for National Defense and Related Activities
(

Office of
Secretary of
Defense

Air Force

In millions of dollare

Array

16/

Navy
ii/

Surplus
property
dlepooal

under Armed
Forces
Leave Act

iil/

19lt6

It8,870

191*7
19it8
19l»9

16, 812

1950

12,3116

1951
1952
1953

19,955
39,033 11/

27,800
6,911
6,046

11,500
12,158

ltJt,58li

1953 -January..

Fetruary
March . ,
.

April....
May

July
August. .

5,ltl7

1,690
3,506
3l'3

02
It 10

It

6,238
12,350

4,058
6,867
15,370 ii/

111,882

16,1197

5,757
9,961
11,776

1,211
1,315
1,293

1,020
964
1,078

1,U4

uJ

3,501

1,285
1,088

3,789

l,281t

3,891

1,285

3,7't6

l,21lt

1,399
1,420

It, 056

1,395

l,l|88

3,632

15,161
4,998
4,171
4,412
4,110

664
1,501

268
25

1,003

l,'i32

3,890
3,519

1,293

2,656

1,824

Source:
Dally Tr«aaury Stataaent.
rootnotaa at and of Tabl* J,

Table 4.- Expenditures for International Finance and Aid
(In nilllona of dollars)

Strategic
and
critical
materials
18/

106
442
325

656

Treasury Bulletin
.BUDGET RECEIPTS AND EDCPi2«DlTURES.

Table 5.- "Other" Expenditures
(In millions of dollars)

EouBlng
and home
finance
28/

Apiculture
96/

22/

19k6
lOhl

2,133
5,332

08
IU9

191*8

6,1*67

172

191*9

9,666
10,865

239
385

1950

9,263

1951
1952
1953

13,393

635
1,219
3,063

1,123
965
781

357
285
281

1,281
l,Ul8

293
581

11,381*

1953 -January.
February
March...

April
Maj-

378
528
U77

Public

works
22/

-21*6

129
-68
-56
-270

593

359
690
1,126
1,519
1,575

310
521*

1*60

621.

1,1*58

6ll*

71*0

382

660

1,515
1,655

195'* to

date.

125

251
215
180

193
11*5

1,011*

251*

171*

1,529

377

155

631

2,51*3

1,066
1,619
1,696
1,967

2,027
2,203
2,253

155

100

16

Source: Daily Treasury Statement.
Footnotes 1 tiirough 6 on page 2 and 7 and 8 on page 3
2/ Eipenditures are "net", after aLlowance for reijabursemente to
appropriations, receipts of revolving fund appropriations, and
receipts credited to diebureing accounts of corporations and
agencies having authority to use collections without formal
covering into the Treasury, The figures include transfers to
trust accounts and net transactions of wholly owned Governnent
corporations and agencies
They exclude Investments of these
corporations and agencies in public debt securities beginning
1950 (when these were combined with similar Investments of
trust funds and accounts), and public debt retirements chargeable to the sinking fund, etc, under special provisions of
law.
Payments to the Treasury, principally by wholly owned
Government corporations, for retirement of capital stock and
disposition of earnings are excluded from both receipts and
expenditures. Further information on these capital transfers
may be found In the 1952 Annual Report of the Secretary of the
Treasury pages 512 and 513
10/ Beginning November I9U9, Interest on the public debt is reported
as an expenditure when such interest becomes due and payable, as
distinguished from the previous practice of showing the expenditure on the basis of interest paid by the Treasurer of the
United States.
11/ Includes public works undertaken by the Veterans' Administration.
12/ Includes transactions relating to the Foreign Economic Cooperation Trust Fund (see page 1)
13/ Net transactions by the Departments of the Air Force and the Army
relating to "Deposit fund accounts'* are Included under "Trust
Account and Other Transactions" instead of "Budget Receipts and
Expenditures" beginning 1952.
11*/ Includes retired pay for the military services beginning

160

19/

.

.

.

311*

Social
security
program

Atomic
Energy
CcuMilBsion

ii/
1,11*2
1,1*56

159
1*56

1,633

61*7

2,121*

521*

2,515

908

2,81*1*

1,6U8
1,802

3,086
3,185

158
151

239
223
207

167
153

265
22k
231

-30

1,11*1

July
August

Reconstruction
Finance
Corporation 30/

.

September 19l*9.
15/ Department of the Air Force expenditures excluding those made
on behalf of this department out of appropriations to the Department of the Amy
16/ Department of the Army expenditures, excluding the following;
those Included elsewhere in Table 3 J International finance and
aid, shown In Table 1*; river and harbor works and flood control,
included in Table 5 under "Public works"; and Panama Canal,
Defense expenditures of the Panama Canal through 191*7 are included in Table 3 under "Other"; nondefense expenditures are
Figures include certain
la:luded in Table 5 under "Miscellaneous"
expenditures on behalf of the Departauent of the Air Force {see
footnote 15).
17/ Department of the Navy expenditures, excluding those incltided elsewhere In Table 3 and those for international finance and aid shown
in Table 1*.
18/ Not classified separately prior to 191*7.

20/
21/

22/
23/

329

117
157

-16

1*1*3

605

271*

Through 191*7 includes "war" and "national defense" expenditures of various
departments and agencies, including the Reconstruction Finance Corporation;
expenditures of the United States Maritime Commission, the War Shipping
Administration, the Selective Service System, and the National Advisory
Committee for Aeronautics (191*7 only). After 191*7 consists of:
Itolted States Maritime Commission, and War Shipping Administration In
liquidation, through 191*9; Selective Service System; National Advisory
Committee for Aeronautics; and certain small Defense Department items.
Excludes Bank expenditures under the Mutual Security Act and the preceding
Economic Cooperation Act of 191*8, as amended.
Under the Financial Agreenent of December 6, 19U5. First repayment became
due on December 31, 1951, when payment^s were made of $M* million principal
and $75 million Interest. Payments on December 31, 1952, were $1*5 million
principal and $71* million interest.
Act of October 10, 1951 (61* Stat. 373).
Prior to July 1951, consists of expenditures under the Economic Cooperation
Act.

a/
26/

il/

28/

Prior to July 1951, consists of expenditures for mutual defense aasistance.
Includes principally relief to countries devastated by war, various other
foreign relief programs, international children's emergency funds, and loan
for construction and furnishing of United Nations Headquarters.
Department of Agriculture expenditures, excluding those Included In
Tables 3 aai U and those for forest roads and trails. Included in Table 5
under "Public works"
Department of Commerce expenditures, excluding those Included in Tables 3
and 1* and those for public roads included In Table 5 under "Public works";
includes U. S. Maritime Commission for eleven months of 1950, until it was
abolished and Its functions were transferred into the Departanent of
Coimiierce by Reorganization Plan No. 21 of 1950.
Housing and Home Finance Agency expenditures^ excluding those in Table 3;
beginning September 1950, includes Federal National Mortgage Association
and prefabricated housing loans program, which were transferred from the
Reconstruction Finance Corporation by Reorganisation Plans Noe 22 and
23 of 1950.
Consists of expenditures for the following: Bureau of Peclamatlon;
Tennessee Valley Authority; river and harbor works and flood control
under the Departanent of the Army; public roads under the Department of
Commerce, except assistance to Greece and Turkey; forest roads and trails
under the Department of Agriculture; public buildings under General
Services Administration, consisting of construction only, beginning 1950;
Bureau of Community Facilities In the Federal Works Agency until the
Bureau wee abolished; and other Federal WorksAgency expenditures except
those In Table 3 until the Agency was abolished
Excludes "war" and "national defense" expenditures. Included in Table 3
through 191*7. See also footnote 28.
Includes eipendlttires for executive departanents and other agencies not
included elee^ere aM for legislative and Judicial functions.
Less than $500,000.
.

,

22/

30/
31/

.

,,,.

'

October 195)
-TRUST ACCOUNT AND OTHER TRANSACTIONS

Table 1.- Summary of Trust Account and Other Transactions
(In mllllcms of dollars)

Trust accounts, etc.

Net of
trust accoimt
and other
transactions 1/

Expenditures
( other than net

Net receipts, or
expenditures (-)

InTealauente )

191*6

-521*

19^7

-1,103

191*8

-291*

191*9

-1*95

3,238
2,619
2,658
1,890

1950

99

-281

1951
1952

679

1953

1*37

3,852
3,855
3,763

7,796
8,807
8,932

-111
272
-197

57"*

920

31*6

-109

61*9

758

11*7

1953 -January.,
February.
March..,.

Net Inreetmetlte of
Goremment agencies in
puhllc deht securities

Guaranteed
3,668
3,362
3,060
2,311

7,712
6,2Wt
6,515 2/

It, 1*71*

3,625
3,857

,

5,711*

3,821*

2/

6,669

6,950

-1*02

3,91*5
l*,952

3,557
3,636
3,301

5,169

296

April.,,,

-1*5

1*1*3

1*88

112

831
801

1,01*7

217
537

1*53

-23I*

July...,,
August. .

1,338

-199
695

300

Not guaranteed

160
387
16

130
170
100

May
June . .

. ,

Net redeoipLlons, or salea (-},
of aecurltlea of GoTeramaDt
agencies In the market

-35
13"*

735

61
395

1*29

1,158

Source: Dally Treasury Statement.
1/ Excess of receipts, or expenditures (-).

2/
•

E^cclulea Foreign Eccsicmlc Cooperation Trust Fund (s

page 1).

Less than $500,000.

Table 2.- Trust Account Receipts
(In

Federal Old-Age
and Sur7lTora
Insurance Truat

191*6

,

191*7

7,712
6,21*1*

191*8

,

191*9

1950

,

1951
1952
1953

6,515 i/

1,623
1,807

minions of dollars)
National Service
Life Insurance
Fund

Railroad
BetlroDent
Account

312
323

1,280
1,289
1,313
1,173
1,281

5,711*

1,921*

797
625

6,669

2,367

61t5

7,796
6,807
8,932

3,1*11

678

3,932

850

1,51*2
1,61*3

516

7lt5

1,591*

It,

1953 -January.,
February,
March. . •

286
920

118

28

1*92

61*9

1*U0

213
22

April...,

1*1*3

21*8

1,01*7

1,338

525
593

1*29

211t

1,158

530

May
June . ,

,

, .

July....,
August.
.

67
332
106

92
135

Source: Dally Treasury Statonent.
1/ Consists of Civil Service and Forel^ Service retlresnent funds.
2/ Includes Adjusted Service Certificate Fund, District of Columbia,
Indian tribal funds, island possessions, incremsnt reeiiltlng from

65
321

^

GoTerament
Life
Insurance
Fund

GoTenunent
employees
retirement
funds 1/
61I1

Other truat
funds and
accounts
2/

2,351

103

1,501*

131*

578

1,666
792

71*0

90

591*

1,171*

690
1,076
681*

786
637

2/

529
1*03

850
912
961

51*5

597
ItOl

26
36
36
31*

31*

193

21*5

36

38

reduction In the weight of the gold dollar, and through June 1950
seigniorage on silver under the Silver Purchase Act of 1931*. Thereafter
any such seigniorage Is Included under budget receipts.
Eicludes Foreign Eccnoolc Cooperation Trust Fund (see page 1).

Treasury Bulletin
-TRUST ACCOUNT AND OTHER TRANSACTIONS.

Table 3.- Trust Account Expenditures Other Than Net Investments

October 195)
.EREASURy CASH INCOME AND OUKSO.

Table

1.

Summary of Cash Transactions
(In millions of

doUare)

Treasury Bulletin
.TREASUEY CASE INCOME AND OUTGO.

Table 3.- Derivation of Cash Budget Expenditures
(

In mlUlons of dollars

October

mj
.TREASUHY CASH INCOME AKD OITTGO.

Table 5.- Derivation of Cash Borrowing or Repayment of Borrowing
{In millions of dollars)

Treasury Bulletin

,

DEHT OUTSTANDING- AND GMERPiL FUND

,

Table 1.- Summary of Federal Securities
In mllllonB of dollars

(

Total outstaodlng
End of
fiscal
year or
month

igliS
19l»7

igitS
191*9

1950

1951
1952
1953

Debt

Matured debt and debt bearing

Intereet-bearlng de'bt

Guaranteed
aecurl-

Guaranteed
aecurl-

tlee
1/

ties
1/

Public debt

Monetary
fund 2/

258,286
252,292
252,770
257,357

268,578
255,197
250,132
250,785
255,226

268,111
255,113
250,063
250,762
255,209

255,251
259,151
266,123

255,222
259,105
266,071

252,879
256,907
263,997

252,852
256,863

2,372

2,370

2,21*4

2,21*2

263,91*6

2,126

2,125

269,898
258,376
252,366
252,798
257,377

269,1*22

1*76

83

1,321
3,179

69

2,231*

1*67

2,012
2,150

1,311
3,173
2,229
2,009
2,11*8

Other

i/

376
231
280
245
265

1,724
1,161
1,063
1,270

935
1,218
788
701
613

512
419
298

1,283
1,274
1,302

575
550
525

Guaranteed
aecurltlea 1/
(matured)
10

peajc:

Feb. 19lt6..

279,76k

279,211*

551

278,1*51

277,912

539

1,313

238

1952-Deoaiil)ar

267,1*5

267,391

5U

265,31*6

265,293

53

2,100

304

1,258

536

1953-Januflry.

267,1*50
267,631*

267,1*02
267,581*

265,370
265,538

265,323

1*7

1*9

261*, 1*85

262,1*30

262,380

2,079
2,094
2,105

316

1,258
1,277
1,258

535

265,1*89

264,536

2,080
2,096
2,106

April
May
June....

26U,61t2

261*, 590

262,601

262,550

2,01*1

266,572
266,123

266,520
266,071

26U,lt96

261*, 1*1*5

263,997

263,91*6

2,076
2,126

2,040
2,075
2,125

252
246
298

1,258
1,302
1,302

529
527
525

July....
Auguat..

272,732
273,269

272,669
273,206

270,665
271,207

270,603

2,067
2,062

2,066
2, 061

243
252

1,302
1,291

521
518

February
March...

271,11*5

Source: Dally Treasury Stateanent.
1/ Ercludee guaranteed aecurltlea held by the Treaaury. For current
month detail by lesues, see "Treasury Surrey of Ownership".
2/ SpeclaJ. notes of the United States Issued to the International
Monetary Fund In payment of part of the IMlted States subscription,
pursuant to proTlslons of the Bretton Woods Agreements Act, The

1,063

533

531

notes bear no Interest, are noonegotlable, and are payable on demand.
Similar notes Issued to the International Bank and outstanding
1947-1949 are incluied under "Other".
Includes saTings stamps, excess profits tax refund bonds, currency
Items, and notes Issued to the International Bank (see footnote 2).
For current-month detail, see "Statutory Debt Limitation", Table 2,

Table 2.- Interest-Bearing Public Debt
(In millions of dollars)

11

October 195)
,

DEBT OOTSTANDmC} AND GENERAL FUND

,

Table 3.- Special Issues to United States Government Investment Accounts
(In

mlUlans of doHara)

Treasury Bulletin

•12

,

DEBT OtTTSTAMDHC AKD GENERAL FUMD

Table 5.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies 1/
(In mlUlaos of dollars)

End of
fiscal
year or
moQth

:

October

mj

13

STATUTORY DEBT LIMITATION
aggregate 5275 billion outstanding at any
Obligations Issued on a discount basis, and
redemption prior to maturity at the option of
are Included In the statutory debt limitation

3I U.3.C.
The Second Liberty Bond Act, as amended,
provides that the face amount of obligations Issued
(

757 b).

and the face amount of
under authority of that act,
obligations guaranteed as to principal and Interest by

one

time.

subject to
the owner,
at current

redemption values,

the United States (except guaranteed obligations held by
the Secretary of the Treasury), shall not exceed in the

Table 1.- Status under Limitation, August 31, 1053
(In mlUlans of dollare)

Maximum ancunt of secin'ltioB which may b* outetancLijae at any one time, under limitation lmpoe«d >y the act
of June 26, 19W (31 U.S.C. 757 b)

275,000

Amount of aecurltlee outetandlng subject to such etatutoiy debt lljailtatlont
U, S. Government aecurltlee leeued under the Second Liberty Bond Act, as amandod

272,625

Guaranteed aecurltlee (excluding those held by the Treasury)

•

63^

Total amount of eecurltlee outstanding subject to statutory debt limitation

272,688
^>31^

Balance Issuable under limitation

Source:

Bureau of the Public Debt,

Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding August 31, 1953
(In

mm ions

of dollare)

Class of sec'orlty

Subject to
statutory debt
limitation

Public debt:

Interest -bearing aecurltlea:
Marketable:
Treasury bills
Certificates of indebtedness
'Creaexnry notes
Treasury bonds - banJc eligible
l^eaaury bonds - bank restricted l/.,.
Postal savings and Panama Canal bonds.

Total marketable
Nonmsrketable
U. S, savings bonds (currait redan5)tiQfla value).
Treasury savings notes
Depos Itary bonds
Treasury bonds, inveaimant series

Total nocmarketable
Special IsGuee to Govemmant agencies and trust funds.
Total interest -bearing securltlea
Matured securities on vhlcb Interest has ceased
Debt bearing no Interest:
Uhlted States savings stazsps
£xoese profits tax refund bosids
Special notes of the United States:
International Monetary Fund Sarlec
United States notes (less gold reserve)
Deposits for rettrenant of national bank and Federal Reserve Bank notea.
•
Other debt bearing no Interest

Total debt bearing no Interest,
Total public debt.

Guaranteed seoinrltles:

?/

Total gusranteed aecurltlea

Total piibllo debt and guaranteed eeourltlea.

20,208
21,655
30,U92
63,992
17,2'tO

Not subject to
statutory debt
limitation

Total
outstanding

lU

Treasury Bulletin
.DEBT OFERATIONS.

Table I.- Maturity Schedule of Interest -Bear Ins Public Marketable Securities
leeued by the United States Government
and Outstanding August 31, 1953

^

(In millionB of dollars)

Amount of maturities

Deacrlptlon of security 2/

Fljcod

maturity
Issues

Amount of maturities

Date

Callable Issues
classified by
year of:

Final
rlty

striated
issues
beccme
bank
eligible
2/

Year
Description of security 2/

month

Fljted

maturity
Issues

Callable issue
classified by
year of:

Final
maturity

1956
Bills
Bills (Taj Anticipation Series)...
2)t
Bond
9/15/51-53

5,901
800
7,986

Mar.,

2-1/2)6 Bond -

3/15/56-58

Apr,,

1-1/2)6 Bote -

't/l/56-EA

Bills

7,503

June,

2-lA)' Bond

-

6/15/54-56

Bills

6,00It

Sept.

2-3A* Bond

-

2-lA)6 Bond

-

9/15/56-59
9/15/56-59

1-1/2)6 Bote -

10/1/56-BO

y

2-1/856 Bote

-

12/1/53-A

3,822

10,5^*2

Oct.,

Total

1,1*9

38,736
Total

6,253

1957
2-1 A* Certificate

2/15/5^ -A

1-3/8)6 Note
2-1/256 Certificate (Ti

Anticipation Series)

3/15/5^-A
-

3/22/511-0

Map..

2-3/8)6 Bond -

Apr,

1-1/2)6 Note -

lt/l/57-EA

531

Oct..

1-1/2)6 Bote -

10/1/57-BO

82U

3/15/57-59

8,Ul.
'',675

5,902

Total
Bond 5/
Si
Bond 6/
2)6
2-1 A* Bond 5/
Bond 2/
2)6
2-l/li^ Bond
2-5/8)6 Certificate
2-5/8)6 Certificate 2)6

12/15/51-55
6/15/52 -5l»
6/15/52-55

5,825
1,501
8,662
681

12/15/52-51*
6/l5/5lt-56

1958

6/1/54-B
8/15/5U-D

Mar,.

2-1/2)6 Bond

3/15/56-58

Apr,,

1-1/2)6 Bote

U/1/58-EA

June.

2-3/8)6 Bond

2-3A)6 Bond

6/15/58
6/15/58-63

2-1/2)6 Bond

12/15/58

12/15/52-5^

32,156

Total

1959
Mar.,

Sept,

1,1*1*9

IW.
I*,

21*5

620

5,009

2-3/8)6 Bond -

3/15/57-59

2-lA)6 Bond

-

6/15/59-62

Bond
2-lAl6 Bond

-

-

9/15/56-59
9/15/56-59

2-lA*

-

12/15/59-62

2-3A*

Bond

1,1*1*9

5,278

3,822
3,1*66

8,7U5
1-1/2)6 Bote
2-7/8)6 Bond

3/15/55-A
3/15/55-60

2-1A56 Bond

6/15/52-55

1,501

Deo.. Si
Boiid
l-3/k$ Bote

12/15/51-55
12/15/55-B

510

June

5,365

2,6U
Mar.
6,851*

12,219

Footnotes at end of table.

i960

2,6ai

2-7/8)6

Bom

-

3/15/55-60

2-3/lt)6

Bond

-

12/15/60-65

Total
(Continued on follovlng page)

2,611
l,i'85

2,611

.

October

.

mj

15

-DKBT OPERATIONS,

Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securlt ies
Issued by the United States Government
and Outstanding August 31. 1953^- (Continued)
(In mlUlone of dollars)

Amount of maturities

DescrlptlOTi of security 2/

Filed

Callable Issue,
classified by
year of:

rity
lesuas

Final
maturity

y^nount of maturities

Date
etrlcted
issues
bank
eligible

CEdlable Issues
classified by
year of:

Tear
Description of security 2/
month

Fixed
maturity

Final
maturity

issues

Date
bank restricted
issues
become
bank
eligible

2/

1967
Paxuana Canal bond -

6/1/61

2-l/k$ Bond
2-1/2)6 Bond

6/15/59-62
6/15/62-67

5,278

-

Bond

-

12/15/59-62

3,li66

2-l/l*)6

-

Total

2-1/2)6 Bond 2-1/2)6 Bond -

6/15/62-67
6/15/67-72

1,893

2-1/2)6 Bond -

9/15/67-72

2,716

2-1/2)6 Bond - 12/15/67-72

3,830

Total

8,UU0

6/15/62

12/15/62

1968
Dec.

8,7U5

2-1/2)6 Bond

-

I2/15/63-68

1969
2-1/2)6 Bond 2-1/2)6 Bond

2-3A> Bond

-

-

6/15/6U-69

3,756
3,832

12/15/64-69

9/15/53

6/15/58-63

Total
2-l/25t Bond - I2/I5/63-68

2,8127

Total

8,827

7,588

1970
l»,722

2-1/2)6 Bond -

3/15/65-70

2-1/2)6 Bond -

3/15/66-71

1972
June.

2-1/2)6 Bond -

6/I5/67-72

1,893

Sept.

2-1/2)6 Bond -

9/15/67-72

2,716

Dec.

2-1/2)6 Bond - 12/15/67-72

3,830

Total

8,W»0

Mar.

2/1/5^

1971
2-1/256 Bond 2-1/2)6 Bond

-

6/l5/6l>-69

3,756

12/l5/61i-69

3,832

Total

7,583

2-1/2)6 Bond 2-3/lt)6

Mar.

Bond

-

2/1/5U

3/15/65-70

12/15/60-65

12/1/54

9/15/53

6/15/62

12/15/62

1,'»85

Total

1978
June.

3-lA* Bond

-

6/15/78-83

Bond

-

6/15/78-83

1983
2-1/2)6 Bond

-

3/15/66-71

June.

12/1/5^

Source: Dally Treaaury Statement and Bureau of the Public Debt.
1/ Excludes postal savings bonds
2/ It should be noted that callable Issues appear twice In this column,
once In the year of first call and again In the year of final maturity. Callable Issues vlth respect to vhlch a definite notice of
call haa been made, however, are listed as fixed maturities. For
date of Issue of each security, see "Market Quotations"; for tai
status, see "Treasury Survey of Ownership".
i/ Bonk restricted Issues may not be acquired by comnerclal banks (with

kj

5/
6/

3-l/lt)6

minor exceptions) prior to specified dates; see "Debt Outstanding"
Table 2, footnote 1.
Not called for redemption on March 15, 1953. Will mature on
September 15, 1953Not called for redemption on December 15, 1953
Callable on four
jaonths' notice on June 15, I95J+, succeeding Interest payment date.
Hot called for redemption on December 15, 1953
Will mature on
June 15, 1951*.
.

.

Treasury Bulletin

i6

.DEBT OFERATIOlfS.

Table 2.- Offerlnge of Treasury Bills
(Dollar amounta In olIIIIozib)

J
October 195
DEBT OPERATIONS.
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Date

Treasury Bulletin

IS
.DEBT OPERATIONS.

Table 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness

October 19jy

19

.UNITED STATES SAVINGS BONDS.
United States savings bonds were first offered In
March I935 and began to mature In March

V)^'^.

Series A-D

were sold between March 1935 ^^^ ^^^ snd of April 19'H,
were first offered In May I9IH.
and Series E, F, and

bona. Series H,

similar In Interest return to Series E,
For details of these changes

was offered beginning June 1.

see "Treasury Bulletin" for May 195?, page A-1.

Series P

1951i owners of the

and G began to mature on May 1, 1953for the exchange
offering made to holders of these bonds maturing through

matured bonds were offered three options: To redeem the
bonds In cash In accordance with the original terms; to

December 3I, 1953i see the May 1953 Issue, page A-1.
In
the tables liilob follow. Series A-F and J sales are included

retain them with an extended maturity of 10 years at

at Issue price and total redemptions and amounts out-

specified rates of Interest accrual; or to exchange them
A number of changes became effective
for Series 0- bonds.
May 1, 1952. The principal ones were: The rate of Internet

are included at face value throughout.

When Series E began to mature on May

1,

accrual on Series E was increased, especially for the near
term, with correepondlng changes In extended Series E; and

Series F and

were replaced by two new Issues, Series J

and K, also at higher Interest rates.

A new current-Income

standing at current redemption values.

Series

H,

and K

have been redeemed are Included In redemptions. Matured
bonds outstanding are included in the InterestF and

bearing debt until all bonds of the annual series have
matured, when they are transferred to matured debt upon
which interest has ceased.

Table 1.- Sales and Redemptions by Series, Cumulative through August 31, 1053
(QoLLar aniDunts In mllliona)

Series

G,

Matured bonds which

m

treasury Bullet
.UNTriO) STATES SAVIMQS BOKDB.

Table 3.

Salee and Redemptions by Periods, Series E through K
(Dollar amounts in mllllonfl)
Sales plus
accrued
discount

Bedemptlona 3/
Sales
price

Series E and H combined

Fiscal years:
19ltl-19l»5

35,371*

191*6

6,739

191*7
19118

11,287

191*9

l*,278

1950
1951
1952
1953

3,993
3,272
3,296

It,

026

l*,06l

Calendar years:
19ltl-l?'»5....

39,680

191*6

l.,l*66

191*7

l*,085

191*8

l*,22l*

191*9

l»,208

1950
1951
1952

3,668
3,190
3,575

Months:
1953 -January.

1*1*1

February
March, .

362

397

April...

351

May
June ....

31*0

July....
August.

31*0

1*18

Amount outstanding ( Interestbearing debt)

Monthly redemptions
as percent of amount
outstanding

J
October 195

21

.UNITED STAEES SAVINGS BONDS.

Table 3.

Sales and Redemptions by Periods, Series E through K

-

(Continued)

(In millions of dollars)

Redemptions 2/

Sales plus
accrued
discount

^

Amount outstanding (interestbearing debt)

Fiscal years:
19l»l-19li5.
Witfi
19''7
19't8
igiig

1950
1951
1952
1953

Calendar years
I9IH-19U5.

33. iT*

I1I8

6,739

li3lt

It, 026
4,278
3,993
3,272
3,266
3,700

4,821

6,694
5,912
4,391
3,825
3,530
3,521
4,295
4,008
4,032

40,295

9,568

35,792
7,173

536

li,82li

633
753

4,659
5,032
4,887
4,307

895
1,035
1,111
1,120

'•,377

6,668
5,843

4,288
3,689
3,368
3,326
3,987
3,583
3,526p

26
69
103
136
162
195
307
425
506p

39,680

615

191*6

11,1466

It93

'1,959

5,'i23

WltT
19U8
19^9
1950
1951
1952

11,085

579
696
8l3
971

4,664
4,920
5,025
4,639
4,270
'•,513

3,930
3,728
3,448
3,912
4,036
4,098

9,517
5,330
3,813
3,575
3,274
3,667
3,688
3,622

505
408
443

361
295
352

320
250
306

397
400
432

360

317
293P
306p

43

353

436
390

357P
329

342p 4/
274p

15 4/
55p

li,22li

li,208

3,668
3,190
3,393

397
329
359
320
309
309
327
309

78
91
123

Series H 5/

360

182

Footnotes at and of Table 4.

3'>3

93

U6
154
174
245
348
476

50p
47p

Treasurjj Bulletin
.UNITED STATES SAVINGS BONDS.

Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In mllllonB of dollars

Matured bonds

Unmatured bonde

Period 6/

Total
unmatured 2/

6,137
5,109
5,621

817
792
1,761

5,651

987
772
1,015

5,07lt

38
702

1,128

37
egu
1,126

602 8/

987

5,320
I',
317
3,860

996
046
3,622

324
271
238

S853

lt,583

879
059

3,806

270
308
253

522

21.5

I.,

1.T

962

It,

1130

107

109
105

Ii27

106
585
253

104
121
110

lt6l
11*1

8/
8/

31'

8/

It,

'•,571

257

317
238

323

302

321
383
289

303
365
269

33''

369

it,

463

257

Source: Dally Treaaur? Statement.
1/ Details by aerlea on a cumulative baa la and by periods for Series A-D
combined vlll be found In the Februai7 1952 and previous Issues of the
"Treasury Bulletin"
2/ Includes exchanges of matured Series E bonds for Series G bonds beginning May 1951 and for Series K bonde beginning May 1952.
3/ Includes both matured and unmatured bonds; see Table 4.
5/ Becauae of a change in procedure in July 1953 for processing redeemed
savings bonds, the amount of redemptions not yet classified at the end
of Julj as between matured and unmatured Is larger than normal. This
situation vlll be revaraed In subsequent montha aa these redemptlona

are classified. Since the unclaasifled redemptions axe Included in
these tables at issue price, the relation between issue price and
accrued discount is eomewhat distorted also.
Sales began June 1, 1952.
Comparable data are not available prior to January 1950.
Includes redemptions not yet claaalfled between matured and unmatured.
Includes exchanges of Serlea 1941 F and G savings bonds for Treasury
3-1/4^ bonda of 1978-83.
Lees than $500,000.
Preliminary.

October

mj

23

.TREASUKT SAVINGS NOTES.
Treasury tax and savings notes have been Issued as
Tax Series A from August 1, 19'H, through
June 22, \^^y, Tax Series B from August 1, 19''^1, through
September 12, 19U2; Savings Series C (originally designated

follows:

Tax Series C) from September 114^, 19^2, through August 3I,
13^\ Savings Series D from September 1, 19't-8, through
May 1'+, I95I; Savings Series A from May I5, 1951, through
May

l"*,

1953; and savings Series B beginning on May I5, 1953.

Details concerning terms and conditions for purchase

and redemption and information on investment yields of

Savings Series B appear In the June 1953 issue of the
Similar information with
"Treasury Bulletin", page A-1.

Table

1.

respect to the offering of the earlier series was Dubllshed
currently In the "Treasury Bulletin", and appears also In

the "Annual Report of the Secretary of the Treasury" for

appropriate years.
In the following tables sales and redemotlons of

Treasury savings notes are shown at par value. Matured
notes redeemed (either for cash or for tax payment) are
Included In the figures on redemptions. Matured notes
outstanding are reflected in the interest-bearing debt
until all notes of the annual series have matured, when
they are transferred to matured debt upon which interest
has ceased.

SaleB and Redemptions by Series, Cumulative through August 31, 1063
(In nlUlons of dollars)

Treasury Bulletin

2h

.OWNERSHIP OF FEDERAL SECURITIES.

Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In mllllaos of dollars)

6
5

, .
..

37
2

5

3

.

.

October 195)

25

.OWNERSHIP OF FEDERAL SECURITIES.

Table 3.- Estimated Ownership of Federal Securities
(Par values l/

Held by private nonbank Investors

December.

.

accounts hj

J
18.6
19.5

26.0

ll»0.8

59.1*

1*1.1

2.6
6.2

10.6
12.2

17.8
23.7

170.1

71.5

52.2
59.9

83.3

68.1*

96.5

77.7

259.1
278.7

106.0
115.0

21.8

2l*.9

90.8

21*.

27.0

128.2
136.6

279.8
269.9
259.5

116.7
108.2
97.9

93.8

22,9
23.8
23.3

28.0
29.1
30.9

135.1
132.6
130.7

81*

.2

a.i*
71*.

II*.

16.9

7.5
7.8

6.5
6.9

3.6
5.4

202,6
232,1

State and
local
governments jj

3.1
3.2
3.4
3.7

9.1
13.4

8.7
10.3

40.7
42.9

18.9
21.4

43.3

20.8
20.0
20.1

9.2
11.3

3.9
4.5

4.9
10.1

30.9
37.6

67.0
81.7

46.3
53.3

258.1*

32.8

257.0

34.1*

igltS-June

252 ,U
252.9

85.9
85.8

252.8
257,2

82 .U

257, "t

256,7

2.6
2.8

8.5
9.5

77.0
112.5

Corporations 6/

22.7

22.8
23.9

16.1
17.3

19U7-June
Deconber.

December.

Mutual
savings

Investzaant

banks

21.8
23.7

19lv6-Februai7 (Peak)

IndlTldualB 2/

Gorenment

6.5

50.9

in biilionj of dollars)

U. S.

1939-Dec ember.
igltO-June

-

Held by baoks

Total
Federal
securities
outa tending 2/

64.1
63,4
64.2

1*3.5

44.2

9.6
10.7

24,4
24,9
24,9

19.9
17.7
15.3

6.7
6.5
6.3

12.0
11.5

13.6
14.8

7.8
7.9

11.6
11.4

15.6
16.8

24.6
23.9

66.4
65.7

22.8
i1.2

130.7
129.7

65.a
65.3

47.1
47.8

18.6
17.6

66.8
66.3

48.8

39.1*

132.2
132.1

49.3

18.0
17.0

37.8
39.2

135.6
134.9

67.0
65.5

49.9
49.6

17.2
15.9

19.8
18.7

11.6
10.9

18.8
20.5

65.5
64.7
64.2
64.0

49.3
49.1
49.0
49.1

16 .a
15.6
15.2
15.0

17.9
17.1
16.8
16.4

10.5
10.2
10.1
9.8

21.1
20.8
21.0
21.3

9.1
9.4
9.5
9.6

61*.6

21.1*

35.8

62.5

23.3

37.3

19.3

38.3

85.7

63.0
66.8

18.9

83.9
82.6

65.6
61.8

18.3

20.8

1951-March
June
September.
December.

255.0
255.3

80.7

57.8
58.1*

83.2

59.5
61.6

22.9
23.0
23.7
23.8

39.8

81.1*

257.1*

1*2.3

134.5
132.9
132.2
131.8

1952 -January..
February.

259.8

62.1
61.2
60.1

22.7
22.5
22.5

1*2.7
1*2.9
1*3.0

132.3
133.8
132.5

64.1
64.8
65.0

49.1
49.1
49.1

15.0
15.7
15.9

16.4
16.3
16.3

9.8
9.8
9.8

21.5
22.1
20.7

9.9
10.0
10.1

60.5
6l.o
61.1

22.1*

1*3.2

22.3
22,9

1*3.7

132.3
132.9
130.8

64.6
64,3
63,9

49.0
49,0
49.0

15.6
15.3
14.9

16.2
16.0
15.7

9.8
9.6

20.2
21.2
19.7

10.2
10.2
10.4

62.7
61,8
61,6

22.9
23.1
23,7

1*5.0

132.9
133.2
132.4

64,6
64,4
64.2

49.0
49.0
49.0

15.6
15.4
15.2

16.0
16.1
16.1

9.8
9.7
9.7

20.3
20.7
20.2

10.7
10.8
10.9

63.1

23.6
23.8

45.1
45.5

133.3

.7

1*5.9

133.9
133.4

64.2
64.2
64.2

49.0
49.1
49.2

15.2
15.1
15.0

16.0
16.1
16.0

9.6
9.5
9.5

20.5

21*

10.9
10.9
11.0

23.9
23.9
23.8

1*6.0
1*6.2

134.8
135.7
135.0

64.3
64.6
65.0

49.3
49.4
49.5

15.0
15.2
15.5

16.2
16.1
16.0

9.5
9.6
9.6

21.4
21.8
20.7

23.9

1*6.3

64.9
65.2
65.1

49.^
49.3
49.3

9.5
9.6
9.5

11.3

15.9
15.9

16.0
16.0
15.9

20.7

1*6.8
1*7.6

135.4
137.1
135.1

15.3

21*.

21.8

11.7
11.8

136.8

65.1

259.5

March ....

260
258.1

April.
May...
June..

258.3
260.0
259.2

July
August....
September.

263.1
263.2
262.7

October,,
November,
December.

265.0
267.5

1953 -January,
Februaiy,
March,..,

267.5
267.6

April.
May...
June..

.1*

83.3
81*

.0

85.6

^.0

64,2
63 ,U

267.1*

261*.
261*.

266.6
266.1

86,7
85.7
83.3

62.8

82.9
82.7

59.0
58.5
58.7

83.1*

61.9
59.5

63.3

Xl

2/
3/

4/

2/

21*.

1*1.0
1*2.0

1*1*

.3

1*5.1

1*6.3

Vblted States savings bonds. Series A-? and 3, are Inololed at
ourrent redtmptlcti values.
Securities Issued or guaranteed by the U. S. Govenment, excluding
guaranteed securities held by the Treaeury.
Consists of camaerclal bankB. trust companies, and stock savings banks
in the Ifiilted States and In Territories and leland possessions.
Figures exclude eecurltiee held In trust deparlsiienta
Holdings by Federal land banks are included under "Hlacellsaeous
Invsstore" Instead of "U. S. Government Investaaent accounts" beginning
June 30, 1947, since the proprietary interest of the Oilted States
In these banks ended June 26, 1947.
Includes partnerships and personal trust accounts. HGoproflt institn-

6/
2J
8/

p

21.0
21.0

19.9

11.1
11.1
11.3

tlons and corporate pension trust funds are Included under "Miscellaneous investors"
Exclusive of banks and Insurance ccmpanlee.
Canslsta of trust, sinking, and Investment funds of State and local
governmsnts and their agencies, end Territories and island poaseBslons.
Includes savings end loan associations, nonprofit Institutions,
corporate pension trust funds, dealers and brokers, and Investmenta
of foreign balances end International accounts In this country. Beginning Deconbar 1946, Includes Investments by the International Bank
for Seconstruction and Developoent and the International Monetary Fund
in special oonlnterest-bearing notes issued by the D. S. Oovemment.
Preliminary.

Treasury Bulletin
.THEASURY SUHVEY OF OWNEPSHIP, JULY 31, 1953.

The Treaaury Survey of Ownership covers aecurltles
Issued by the United States Government and by Federal
The banks and Insurance companies Included
agencies.
In the Survey account for approximately 95 percent of
such securities held by all banks and insurance companies
In

Data were first published for
in the May igl+l "Treasury Bulletin".

the United States.

March 3I, igUl,

Section

I

-

Information on the distribution of ownership by types

of banks and Insurance companies

Is published each month.
Additional Information showing the holdings of commercial
banks distributed according to Federal Reserve member

bank classes and nonmember bemks Is published for June 30
and December ^1.

Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Far Taltiee

•

In

nlUiona of dollars)

October I9i)
.TEEASURY SURVEY OF OWNERSHIP, JULY 31, 1953.

Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest -Bearing Public Marketable Securities by Issues
(Par Taluee - In mlllloDjs of dollars)

Treasury Bulletin
.TREASURY SURVEY OF OWNERSHIP, JULY 31, 1953-

Section I - SecurHlee Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Far Taluss

-

In mlUlona of dollars)

October

mj

29

.TREASURY SURVEY OF OWNERSHIP, JULY 31, 1953-

Section II

Interest-Bearing Securities Issued by Federal Agencies but
not Guaranteed by the United States Government

-

(Far values

-

in millions of dollars)

Treasury Bulletin

30

,

MARKET QUDTATIOKS ON TREASURy SECXnaTTIES, AEGUST 31, 1953

,

Current market quotations Ehown here are over-the-

public marketable securities Issued by the United States

counter Gloelng bid quotatlone In the New York market
as reported to

Government except Panama Canal bonds. Outstanding
leeues which are guaranteed by the United States

the Treasury by the Federal Reserve Bank of New York.

Government are excluded because they are not regularly

The securities listed Include all regularly quoted

quoted In the market.

for the last trading day of the month,

Table 1.- Treasury Bills (Taxable)
Amount

31

October 195)
.

MARKET QUDTATIOHS ON TEEASURy SBUUKlTiKS, AU3UST 31, 1953

Table 3.- Other Taxable Issues
(Price declmala are

32ii<ls)

-

(Continued)

.

Treasury Bulletin

32

,

Q.

ro
in

to
CD

<
Ld

O

o

(n

o

O
<
lijO

GQ

<
X
<
I-

Q
>-

MAHKET QUDTATIOKS ON TFEASOTOT SECTEITIES, AUGUST 31, 1953

October

19'?)

.ATER/CE YIKLDS OF LOMG-TEEM BOHDS-

Table 1.- Average Yields of Treasury Bonds and Moody's Aaa Corporate Bonds by Periods
(Percent per armuni)

Taxable
Iteaaury
bonds

1/2/

Moodjr'e Aaa

Taxable
Treaaury
bands

corporate
boods
1/

1/2/
Annual series

2.W

19't2

1943

2.1*7

lolJt

2.U8
2.37
2.19
2.25

I9h^

19W
19^7

191*9 -Jan.

Feb.
Mar.
Apr.
May.
June
July
Aug.
Sept
Oct.
N07.
Deo.
1950 -Jan.
Feb.
Mar..
Apr..
May,,
June,
July,
Aug.,
Sept,
Oct.,
Hot.,
Sec.,

1951-Jan.,
Feb.,
Mar..

a.eg
2.73
2.7s
2.62
2.53
2.61

Moody's Aaa,
corporate
bonds

191*8.
191*9.

1950.
1951.
1952.

-

calendar year aTaragea of mouthly aeries
2.W*

Taxable !CrQaauz7 bonda,
dao or callable - i/

From 12 to
20 years

Treasury Bulletin

31+

.AVKRPCE YIELDS OF LOKG-TErai BONBS.

-

.

,,,

October 19 J y

35

.

DTTERNAL REVENUE COLIZCTIONS

Table 1«- Summary by Principal Sources!/
(In thoiisaodB of doUara)

Total receipts frca
Internal

Individual inccow tax and eoployment taxes
Adjuetanent of

Total
Internal
revenue
collect lone

Corporation
Income and
profits
taxes 2/

40,307,285

+101,664
-361,589
+271,136
-11,051
-155,834

43,800,338
40,671,922
39,108,273
41,864,536
40,463,119

16,027,213
12,553,602
9,676,757
10,174,410
11,553,669

20,813,491
20,405,364
21,367,662
23,379,123
20,527,935

1953

39,448,607
51,106,095
65,634,894
69,930,655

+491,482
+660,409
+625,502
+244,145

38,957,126
50,445,686
65,009,393
69,686,509

10,854,351
14,387,569
21,466,910
21,594,515

1953 -January.
February.
MBXvh. . .

4,972,366
6,150,309
11,712,444

-405,912
-1,163,657
+1,437,829

5,378,278
7,313,965
10,274,615

3,900,238
4,920,068
10,117,195

-215,385
-1,090,318
+1,457,107

3,332,32't

-420,534
-820,403

(Dallj
Treasury
Statement)

1945
1946
1947
1948

,

43,902,002
40,310,333
39,379,409

41,8^,485

19't9

1950
1951
1952

,

April
May

July
AuffUBt, .

COllectlCQB
to Daily
TroaeioTr

Statement

Individual
Income tax

Individual
IncoiiD tax
withheld

Old-age

8,770,094
8,846,947
9,501,015
9,464,204
7,996,320

10,264,219
9,857,589
9,842,282
U, 533, 577
10,055,502

19,797,883
26,624,788
33,738,370
37, 25^,619

7,264,332
9,907,539
11,345,060
11,603,942

9,888,976
13,089,769
17,929,047

501,195
404,452
6,171,089

4,039,683
6,063,004
3,125,463

4,115,622
6,010,386
8,660,088

654,130
358,953
5,683,320

3,752,858
5,785,981

650,737
326,461

Railroad
ret Ire
nent

lAien^loy-

1,307,931
1,237,825
1,458,934
1,612,721
1,687,151

284,758
284,258
379,555
560,113
562,734

186,489
178,745
185,876
208,508
226,228

1,873,401
2,810,750
3,584,026

2't, 750,494

548,038
579,778
620,622
628,969

223,135
236,952
259,616
271,214

2,854,566
839,012
2,698,047

1,144,150
4,990,091
327,686

4,288
67,158
91,058

36,679
166,743
8,672

2,529,427
4,738,553
2,063,047

854,692
150,548
1,437,420

1,666,826
4,519,981
527,360

3,084
50,845
99,399

4,825
17,179
-1,132

2,124,615
4,606,713

324,338
91,185

1,792,397
4,434,183

3,091
67,509

4,789
13,836

not withheld i/

y

Infiurenoe

taxes kj

ment
Insurance

Treasury Bulletin
-IHTKRNAL REVENUE COUECTIONS-

INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
Total
'*-^F/sco/ year

r
.

Comparison first
months fiscal
years 1953 and 1954

^^ Z

.llllllllllllJ
DO
B
1

.

Income Tax ond
Employment Taxes

Individual

_

if
II

m
1

lllll^

iiiiiiiiiimiii
•43

'45

Estote and Gift Taxes

'47

'49

)

October

IW

37
.HJTEEiKAL REVENUE COLLECTIONS.

Table 2.- Details of Collectlone by Type of Tax

i/

(In thousandB of dollare}

First 2 mociths of
fiscal year
1954

Corporation Income and profits taxes 2/

21,U66,910

1,314,708

977,198

356,938

Individual Inccme tax and gnploTmant taxes;
Income tax not withheld 3/«»»
Income tax vltbheld and oM-age Insurance U/. .,,,
RalXroad retirement
UnanploTmect Insurance

•

,,

Total Individual Inccme tax and emplOTmect taxes

ll,5U5,06o
21,313,072
620,622
259,616
33,738,370

486,789r
5,550,760r
72,782
18,883

1*15,523

93,517r

6,226,580
70,600
18,625

4, 012, 12 5r

37,25"*,6l9

6,129,213

6,731,327

'*,190,037

784,590

151,673

140,456

24,739
229,282
4,104
421
9,938

31,633
243,839
3,487
506
9,222

10,945
104,855
1,896
215
5,110

10,806

U,020

3,379

4

11,603,91*2
2lt, 750,1*91*

628,969
271,211*

69,755
14,639

Miscellaneous Internal revenue:

Satate tax

Gift tax

,

Liquor taxes:
Distilled spirits (ijnported, excise)
Dletlllsd spirits (domestic, excise)
Distilled spirits, rectification tax
Wines, cordials, etc. (Ijnported, excise)
Wines, cordials, etc. (domestic, excise)
Dealers In distilled spirits; rectifiers;
of stills (special taxes)
Stamps for distilled spirits Intended for
Case stampe for distilled spirits bottled
Container staaqis
Floor taxes
Fermented malt liquors
Brewers; dealers In malt llqiiars (specicj.

,

82,556

106,691*

187, U79
l,lt02,220

204, 79I*

31,812
3,753
68,621

manufacturera
15,21*9

export
In bond

28
1,285
12,080
93,808
727,6olt

taxes)

Total liquor taxea
Tobacco taxes:
Cigars (large)
Cigars ( email)
Cigarettes ( large)
Cigarettes ( small
Snuff
Tobacco (chewing and smoking)
Cigarette papera and tubea
Leaf dealer penalties, etc
Cigarette and cigar floor taxes.....

Total tobacco taxes
Stamp taxes:
Bonds, issues and transfers of capital stock, deeds of
conveyance, ate
Flaying cards
Silver bullion sales or transfers

Mt,76o
50
12

16,272
24
1,020
13,349
27,956
762,983
5,215

258
1,687
5,861
160,239
3,389

8
138
1,886
122
163,014
3,391

3,869
73,028
1,018

2,780,925

450,728

468,266

205,189

7,487

3,736

278,244
554
2,900

259,373
6o4
2,753
155

143,438
346
1,533

46,277
49

^

Total manufacturers* excise taxes

2

90
782

5

7

X,h^h,06o
U,796
22,817
913

1,586,775
3,821
17,244
717

2
17,752

1
19

1,565,162

1,654,911

289,437

270,380

149,133

77,556
7,353

82,640
7,582
97

11,291
1,019

15,511
991

5,704
627

16,510

6,333

13

8lt,995

Total stamp taxes
Manufacturers' excise taxes:
Lubricating oils
Gasoline...
•
Tires and tubes.......
Automobile trucks and busses
Other autamobiles and motorcycles
Farts and accessories for autcmobiles. ............ ••.....
Electrical energy
Electric, gas, and oil appliances
Electric light bulbs and tubes
Eadio sets, phonographs, television sets, components, etc
Fhonograph records
Musical Instruments.
Mechanical refrigerators, alr-condltlonera, quick-freeze
units , etc....
Matches
Business and store machines
Fhotographlc apparatus
....••
Sporting goods
Firearms , sheila , and cartridges
Fistols and revolvers
Mechanical pencils, pens, and lighters 6/

Footnotes at end of table.

1,636,057
32,721
3,956
76,579

2,625

95,286
713,171*

161,328
1U7,1A5
578,11+9
161»,135
53,091*
89,51*1*

30,736
118,21*4

6,880
9,1*12

57,970
8,032
1*8,515

33,766
16,501
10,679
1,172

2,31*8,91*3

73,321
890,679
180,047
210,032
785,716
177,924

13,158
156,506
27,687
41,990
103,026
29,672

12,501
159,441
32,781
29,866
176,521
24,856

6,057
74,181

113,390
36,684
159,383
7,617
11,048

16,907
5,177
14,896
1,569

15,800
5,584
17,143
1,054
1,243

9,474
2,547
8,152
457
797

87,424
8,950
50,259
29,401
15,845
12,148
983
11,938

16,027
1,528
8,708
5,212
2,529
1,960
176
1,314

17,574
1,688
8,854
5,491
2,948
2,468
157
1,310

9,862
888
4,174
3,026
1,104
795

2,862,788

448,816

517,282

219,226

774

(Continued on following page)

U,592
18,618
51,012
15,801

104
585

Treasury

3«

BuHetm

-INTERNAL EKVENUE COLLECTIONS.

Table 2.- Detail of Collections by Type of Tax

-

i/

(Continued)

(In thousanis of dollars)

Second month of
fiscal year

First 2 months of
fiscal year

1953
(August 1952)

195l<

(August 1953)

MlscellaneouB Internal revenue (continued);
Betallers* excise taxes
Furs
Jewelry. .,......••
Luggage
Toilet preparatlcns

,*•.•
..•>

Total retailers* excise taxes.

•

Miscellaneous taxes:
Sugar Act of 1937
Telephone, telegraph, radio, and cable faculties
Local telephone eerrice
Trensportation of oil by pipe line
Transportation of persons , etc ,
*.....
•
Transportation of property
Leases of safe-deposit boxes.
Admissions to theaters, concerts, etc
Admissions to cabarets, roof gardens, etc
Cl\:b diiee and Initiation feee
Bowling alleys , pool tables , etc....
......•.....•.•
Coin operated devices
Adulterated and process or renovated butter, end filled
..•
cheese
Narcotics, including marihtiana and special taxes........
Coconut and other vegetable oils processed
National Firearms Act
Diesel oU jj
Wegerlng taxee 6/.......
All other, Including repealed taxee not shown separately

Total miscellaneous taxes
Total miscellaneous internal revenue

Total internal revenue coUectlczie

•

Adjustment to Dally Treasuz? Stataoant

Total receipts

fwm

inteinal revenue (Dally Treasury Statement).

51,'t36

'9,891

3,057

220,339
90,799
112,892

23l*,6ll»

3'*,909

95,7"*
115,667

15,707
18,207

2,538
30,759
12,315
15,960

1(75, "t^

'»95,917

71,880

6l,5T3

13,876

12,530
75,550
69,167
3,388
50,837

78,1*73

78,161

395,'*3'*

1117,568

7l*,6l6

310,337
26,881

357,981
28,378

275,171*

287,14-05

388,589
10,211
330,817

1»19,518
10, Bill

61,230
7,522
50,130
65,255

U5,lt89

1*6,691

33,592
3,597
18,823

36,829
3,'*U
16,505

915
15,205
29
7,138

929
17,957
7
15,091
10,502
6U7

312,831

5,3't5

1,261

1,1*51

879

16,200

11,7'*1
'*,577

7,201*

5,961*

23,161

7,900
30,297
19,972

1,998

6,173
33,888
31,917
1,1*30

017

61*,603

26,122
31,309

2,1*57

1,060

1,5^*5

256

57,002
8,057
6,793
2,117

1*3,605

28,309

15,1*1*1*

6,257

l*,058

1*,903

3,3'*a

2,500
1,383

920

12,611*

2,030
11,272

6,01*0

209
3,133

225
2,907

39
1,873

1*

3

I*

2,612
2,128

2,527
2,072

1*03

82

1,203
989
3U7

1,189
ai8
36
151,1*18

21*,

25,131*

5,01*6

1,91*7,311

2,061,230

370,161

353,221

166,269

9, 801*, 112

10,837,375

1,796,698

1,830,311*

81*9,656

852,808

65,009,393

69,686,509

9,21*0,619

9,538,839

5,396,631

5,785,981

1625,502

)ai*i*,ii*5

-1,1*19,035

-1,21*0,937

-988,280

-820,1*03

65,631*, 89I*

69,930,655

7,821,581*

8,297,902

l*,l*08,351

l*,965,578

Source; Daily Treasury Statement for total receipts from internal
reports by the Internal Revenue Service for collections by type of
tax.
Detail by type of tax is available only on a collection basis.
Becelpts on the Dally Treasury Statement basis are compiled from the
latest daily reports from Government deposltarlea; they do not coincide
with amounts reported by the Internal Revenue Service because of the
leg in deposits of collections and because certain taxes are paid
directly into the depositaries.
1/ Sxclules collections for credit to certain trust accounts for island
possessions: Includes corporation Inccme tax on Alaska Railroad
(repealed by Public Law 386, approved June 10, 1952, for taxable
years ending after that date).
2/ Includes excess profits taxes on Army and Navy contracts Imposed by
the Vinson Act as amended (3I* U.S.C. 1*96), and income tax on business
Income of exempt organizations. Imposed by the Revenue Act of 1951,
approved October 20, 1951.
i/ Includes old-age Insurance tax on self -employment Income, imposed by

y
^
6/
2/

r

the Social Security Act Amendments of 1950 (Public Law 731*), approved
August 28, 1950. The tax is levied and collected as part of the
individual Income tax beginning with the taxable year 1951. For
estimated fiscal year breakdown, see Table 1.
Beginning January 1951, withheld income tax and social security
employment taxes on employers and employees are paid into tile
Treasury In combined amounts without separation as to type of tax,
pursuant to the Social Security Act Amendments of 1950. For
estimated fiscal year breakdown, see Table 1.
Repealed, effective November 1, 1951, by Revenue Act of 1951. Beginning July 1952, Included with other repealed taxee under "Miscellaneous taiea"
Effective November 1, 1951, under Revenoie Act of 1951.
Applies to dlesel oil used In highway vehicles; effective November 1,
1951, under Revenue Act of 1951.
Less than $500.
Revised

.

October 195J

39

.MOKETAEY STATISTICS.

Table 1.- Money In Circulation
(In mllllona of doLLars except aa noted)

End of fiscal
year or month

Total
money In
circulation 1/

1Q1*8

28,2U5
28,297
27,903

1Q1(9

19116

Total
paper
money

Oold
certificates
2/

Silver
certificates

27, '•93

26,91*5
26,91.2
26,1.82
26,031.

1950

27,156

25,661

2,025
2, 061
2, 061
2,061
2,177

1951
1952
1953

27,809
29,026
30,125

26,231

2,092

1952-Dec oilier.

30,1.33

28,683

1953 -January..
February.

29,691
29,793

27,970
28,068
28,017

2,006
2,027
2,065

1*7

March .

.

.

29, 751*

27,31*8

28,359

Treasury
notes
of Z890

Uialtod

States
notes

321
319
321

318
318
318

Federal
Reserve
notes

Federal
Reserve
Bank
notes

y

23,973
23,999
23,600
23,209
22,760

1*61.

23,1.56

21.3

21., 605

221
200

25,609
25,91*1

April....

29,81.3

May
June

29,951
30,125

28,095
28,196
28,359

2,089
2,116
2,122

July

30,120

28,351

Augufit p.

30,2I»2

28,1*65

2,107
2,106

25,321

208
207
205

311*

25,376

201.

316
318

25,1*51

25,609

202
200

25,618
25,733

198
197

25,337
25,1.10

National
bank
notes

Treasury Bulletin

1+0

.MDHBTAEY STATISTICS

,

Table 2.- Monetary Stocks of Gold and Sliver
(Dollar amounte In mllllone)
fiatlo of allTer

Gold
($35 per
fine ounce)

Sad of fiscal
year or month

19k6
I9U7

,

191*8

,

20,269.9
21,266.5
23,532.5

SUver
(*1.29+ per
fine ounce]

to goM and
silver In
nonetary stocks
(In percent)

3,508.1*

11*.

2U,1*66.3

3,525.7
3,571,0
3,618,3

11*

191*9

.2

1950

2U, 230.7

3,6n.5

13.2
12.9
13.2

1951
1952
1953

21,755.9

3,718.5
3,768.5

13.9

3,811* .3

11*.

1952-Deoamber.

23,187.1

3,79lt.l

11*

1953 -January..
February,
March...,

22,985.8
22,662.1
22,562,7
22,561,8
22,536,8

3,797.7
3,801.0

ll*,2

3, 801*.

11*. I*

3,808.6

ll*,l*

3,812.1*

ll*,5

22,1*62.8

3, 811* .3

11*

22,277.3
22,178.3

3,818,3
3,822,2

11*.

23,31*6.5
22,1*62.8

April....
May
June

July
August p.

11*

.6

.1

ll*,l*

.5

1U.6

Circulation Stateanent of U, S. Money; Dally Treasury Statanont for
prelljalnaiy figures. For detail of silver monetary stock see Table U.

Source:

Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)

Liabilities
of caleodar
year or month
T^r^

Gold aaeete

Cold certificates 1/

Gold reserve
against U. S.
notes , etc . 2/

Stabilization
Fund i/

Gold in

October 195)

ki
.MOICETAEY STATISTICS.

Table 4.- Components of Stiver Monetary Stock
(In millions of dollars)

Treasury Bulletin
.MOKETAEY STATISTICS.

Table 6.- Seigniorage on Sliver
(CumulatlTe from January 1, 1935

-

In mllllona of dollars)

.

October 1%)

^3
-CAPITAl. MOVBiIEHTS.

Data relating to claims on forelgnere and liabilities to foreigners,

and capital movements between the
United States and foreign countries, have been collected

the data for January I95O.
Attention is called to the
fact that although the grand total figures on the revised
reporting basis are reasonably comparable with those for

since 1975, pursuant to Executive Order 6560 of January I5,

preceding months, data for Individual countries in some

Treasury regulations thereunder. Information
covering the principal types of data and the principal

Instances are not comparable because of certain ohanp;eB In
coverage and geographical classification.

193'*.

B.nd

countries Is reported each month by banks uiii bankers and
securities brokers and dealers In the United States. This

The supplementary Information, contained In Section IV,

Information Is published regularly In the "Treasury

Is presented In three tables appearing at different times.

Bulletin".

Table 1 gives data by countries on short-term claims on and

Supplementary Information Is published at less

frequent Intervals.

All reports are made Initially to the

liabilities to foreigners as reported quarterly by exporters.

Federal Reserve Banks, which forward consolidated figures

Importers, and industrial and commercial concerns in the
United States. This information was published for the first

to the Treasury.

time In the October I949 issue of the "Treasury Bulletin"

The term "forelgnere" as used In these reports covers
all Institutions and Individuals (Including United

States

citizens) domiciled outside the United States, as well as

and begins with data for September 30, 19^6.
Table 2
supplies information by countries on long-term claims on

International organizations, wherever domiciled, created by

and liabilities to foreigners as reported by banks and
bankers in the United States. This table appeared for the

treaty or convention between sovereign states.

first time in the December 19'^9 issue.

"Short-term"

Data are for the

refers to original maturities of one year or less, and
"long-term" refers to all other maturities.
A detailed

gives Information on short-term liabilities to countries

discussion of the reporting coverage,

basis of reporting,

not regularly reported separately by banks and bankers.

and derivation of capital movements figures appeared In

This table appeared for the first time In the April I95O

the April 1950 Issue of the "Treasury Bulletin", pages 5O-52.

Issue. The data have been requested at Irregular Intervals,

Revised report forms and regulations became effective with

the earliest date being October

Section

I

end of the calendar year beginning with 1942.

- Sunmiary

Table

19'^'3-

by Periods

Table 1.- Net Capital Movement between the United States and Foreign Countries
(In thoussDds of doLLarB; negative figures Indicate a net outflow of capital from the United States)
y\nal78i8 of net capital movement in;

Calendar year

Trans actions
in domestic
securities

igas-i*!

5, 351*, 071

19^2
w^ta

626,121
1,286,893

191*1*

1*61,354
1,071*, 375

11*8,591*

100,870
3,513
13,372
8,529

3,770,922
583,373
1,168,058

626,731

Transactions
in foreign
aecurlties
855,51*8

1*6,599

-7,361.

27,767
210,735
-113,105

77,696
93,1*96
-1*6,617

1,216,303

17,791*

-733,909

191*8

225,1*17

531,777

9,661
-11,318
-19,313
610
7,992

-33l*,203

191*7

-793,321*
33l*,l63

9W*,l*30

-11*5,387

-376,989
-217,876

191*5

191*6

395,521*
90,81*5

-89,055
-192,215
75,203

265,127
39,012
-91*, 832

27,800

191*9

191*, 1*58

1950

1,757,618

950,583 1/

1951

-380,1*71
1,258,81*1

586,91*8

-6,11*1

-581*, 289

1,163,573

-1,800

311*, 91*1*

-32,331
-98,831
197,031

3,516

33,899

-l*,81*5

1,1*1*7

-19,177
-37,972

-1,691

7,723

-23,1*27

-1,236
-235

690
6,175
18,977

-27,952
67,791
52,771

195a

1953 -January.

February
March
April...

Kaf
June p
July p..
.

1/

See Tatle 2, footnote 1.

-Ik, 093
-11*0,201

179,636
258,306
181*, 662
76,67'*r

68,070

286,801*

110,931
5,lt67r

99,125

-5l*lr

1,683

100

3

Treasury Bulletin

hU.

.CAPITAL MDVHffiNTS.

Section I - Summary by Periods
Table 2.- Short-Term Claims on and Liabilities to Foreigners
(Poeltlon at end of period In thousanda of dollars)

J
October 195

^5

.CAPITAL MOViMENTS

Table 4.

Section I - Summary by Periods
Purchases and Sales of Long-Term Domestic Securities by Foreigners

(In thoueaiid.8 of dollara; negative figures Indicate

Calendar year

.

net outflow of capital from the United States)

Treasury Bulletin

46

.CAPITAL MOVBfflHTS.

Section II - Soimnary by Countries

Table 1.- Net Movement of Capital and of Short-Term Banking Funds
(In tbouaands of dollars; negative figures Indicate a net outflow of capital from the United States)

.

October

.

.

mj

^1

.CAPITAL MOVEMENTS.

Section II - Summary by Countries
Table 2.- Net Movenent In Brokerage Balances and Long-Term Security Transactions by Foreigners
(in 'UiousesidB of doLlare; negative figures IMlcate a net outflow of capital from the United States or not sales by foreigners)

Transactions in long-tenn securities, dcmestlc end foreign

Movement in brokerage balance

1953

Sin'ope!
1*5

Aurtrla
Belgium
DetmBrlc

-5

•.

2U

US

-I.OUO
106
-5
76
662

927

4,589

1,851

1,140

1,362

812

-3,273
546

-5,7't6

23
-680
-881

274

434

Finland

3

France
Germanor

Greece
Italy
Netherlands.
Horway
Poland
Fortngal. ...
Bumanla. , . .
Spain
Sveden

1,228

-lt31

-603

Clechoeloralcla.

16

-506
-251

63
-13
-295

-287r
-ItOl

333
-166

-115

36
-3,''73

2,335
-1,366

23

-58
3,313
-1,990
7
32

2,116

-199

1,589

-51

-512

4,916

3,158

-1,704

-4,388

27,174

-10
-672

-786

3,058
26,763

-36,414

Latin America:
-IU7
-18

Argentina.
Bolivia
Brazil
Chile

225
-19
-2,384

ColcBBbla....

Cuba
DoElnloan Eepubllo
Guatemala. •...•....•.•
Mexico
Keliierlanda Weat Indies

-203

261i

285

-258
-27
-^3
-297r

69
-18
213

148
58
147
106

97
109
384

32
-96
-14

283
-35
555
181

48

176

-186
-502

113

259
-1,037

37
204

26

wnH Surlnflin

Peru
Republic of Panama
£1 Salvador
Uruguay
TeneKuela
Other Latin America. .

-11.5

113
-138
114

227
9,026

647
4,670

-8
12,927

19,441

-1,317

Total Eorope...

25

-1,025

-W.

33

United Kingdom.
Yugoslavia
Other Einrope...

-20
320
-1,573
100
3

1*5

Svltzetrland,..,
U. S. S. R

243
190

51

59

•. ..

49

-3

386
7

-12

299

212
1,023
446
266
715

-785
51*0

-258

-255

.

-223

1
17

-2U

-323

438
641
770

4,540

Total Latin America....

27
-312

8
471
1,646

995
49

2,315
639
3"*

8,185

249

China Mainland.
FoiDosa. .......
Hong Eong
India

53

-34
1»'5

-5

-169
-108

-17
138

356

-2,737
509

-4,125

-3,108
168

IndcEieele

Iran
Israel
Japan..........
Phlllppinea . . .
Thailand,,.,...

322
3

16

229
-2,216

-2,058

-146
250

56
-4,409
266

Other countries:
Austj*alia

,<

Belgian Congo
Egypt and Anglo,
Egyptian Sudan
Uoion of South Africa.
Othar

338
260

-:3^

~526"

Total other countries,

3,305

4,540

Intematlonal
-1,691

PrelisUuoT,
Revised.

-1,236

1,683

-15,704

-27,262

73,966

71,7''8

Treasury Bulletin

ks

.CAPITAL M0VH4EKTS

Section II

-

Sumnary by Countries

Table 3.- Short-Tern Claims on and Liabilities to Foreigners

October

mj
.CAPITAL MOVIWENTS.

Section II - Summary by Countries

Table 4.- Foreign Debit and Credit Balances In Brokerage Accounts
(Position at end of month In thousands of dollars)

Treasury Bulletin

30

.CAPITAL MOVBffiNTS.

Section III

-

Details for Month of May 1953

Table 1.- Short-Term Claims on Foreigners

)

October 1957

51

.CAPITAL MOVHffiHTS.

Section III - Details for Month of May 1©53
Table 2.- Short-Term Liabilities to Foreigners
(Pooltlon at end of month in thousaz^s of dollars

52

Treasury Bulletin
.CAPITAL JDVBffiHTS.

Details for Month of May 1953
Table 3.- Purchases and Sales of Long-Tern Securities by Foreigners

Section III

-

(

In thousande of dollars

October 195)

53

.CAPITAL MOVIMENTS.

Section III A

-

Preliminary Details for NkDnth of July 1953

Table 1.- Short-Term Claims on Foreigners
(Position at ODd of month In thousands of dollars)

Treasury Bulletin

5^^

.CAPITAL MOTEMEHTS.

Section III A

-

Preliminary Details for Month of July 1953

Table 2.- Short-Term Liabilities to Foreigners
(Pooitlon at and of month in thouaaale of dollare)

October

)

mj

55

CAPITAL MOVEMENTS
Preliminary Details for Month of July 1053
Section
Table 3.- Purchases and Sales of Lons-Term Securities by Foreigners
III A -

(

In thousandB of dollare

Treasury Bulletin

56

.CORPORATIONS AND

(JfiRTAIN

Financial etatementa of corporations In which the
United States Oovemment has a proprietary Interest,

OTHER BUSOTESS-TYFE ACTIVITIES.
and show the data separately not only for each cor-

activities of the United States Oovernment are sub-

poration but also for each of the buslnees-type
activities from which reports are received.
This
Information will be published quarterly In the

mitted quarterly to the Treasury Departnent, In
accordance with Budget-Treasury Regulation No. 3,

Bulletin hereafter, and none of It will appear In the
Dally Statement. The change In procedure was announced

Issued under Executive Order No. 8512 of August 13,
as amended by Executive Order No. 90gU of

In the July 1, 1953. Issue of the Dally Statement and
the September 1953 Issue of the Bulletin.

direct or Indirect, and of certain other buelnees-type

19'''0,

March

3,

19U2.

Data from these reports, adjusted

for consistency where necessary,

are complied In a

series of tables covering balance sheets,

statements

The tables on Income and expense and source and
application of funds will be published in the

"Treasury

and statements of source and

Bulletin" at six-month intervals as heretofore, cover-

application of funds, which are published In the
"Treasury Bulletin".

ing periods ending June JO and December 3I. They will
appear in each case in an issue subsequent to that
carrying the corresponding balance sheet data. Beginning with the tables for June 30, 1953. information
will be shown separately for each of the agencies.

of Income and expense,

The balance sheet tables for June 30, 1953.
which appear In this Issue, carry all of the Items
heretofore carried In the "Dally Treasury Statement"

Table 1.- Summary of Balance Sheets of Corporations and Certain Other Business-Type
Activities of the United States Government, June 30, 1953
(In mllllonfl of cLolleLrB)

AccoTint

I

October 195)
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTrVITIES

Table I.- Summary of Balance SheetB of Corporations and Certain Other Business-Type
Activities of the United States Government, June 30, 1953-(Cont inued)
(In mlUlonfl of dollara)

Account

Treasury Bulletin

5g

.CORPORATIONS AND CERTAIN OTHER BUSIRESS-TyPE ACTIVITIES.

Table 2«- Balance Sheets of Corporations of the

United States Government, June 30, 1953
(

In millioas of doUare

Departsunt of A^prloulturo

Fazn Cr«dlt AdmlJiletratioii

Ccmmodlt^
Credit
Corporation
ASSETS
Caah:

1/

On h*n^ and In banks. .....•.••>•.•••••••.•.*
With U. S. Treaaury

108.9
If69.8

Depoalte vlth other Goreimnent cori>oratlonfl
and agencies , .,
Loans receivable:

Gcremment corporatlane and agencies
Others:
To add agriculture:
Agrlcxiltural credit corporatlana
Cooperative asBocfatlooiB
Crop, livestock, and ccnnLOdlty loans
Fain mortgage loans
Other
To aid heme owners: Mortgage loans, etc...
To aid Industry:
Railroads ...•••
•*•>•••...•..........
Other
To aid States, Terntorles, etc
To aid financial Institutions:
Insinrance companies
Moi^age loan ccc^xanles
Foreign loans:
Guaranteed loans held by lending agencies
Other
Other loans (not otherwise classified)
Less : Reserve for loseea
TotcCL loans receivable (net)

823.8
319.1
1,137.6
21.6
30.1
2,609.0
76.6
»^79.5

622.9

713.9
33.0
2,569.3

3^A
-111,2

9,385.0

Accounts and notes receivable:

Govexnment corporations and agencies
Others
Lese : Reserve for losses

92.7
Ul9,9
-23.7

Total accounts and notes receivable (net).,,.
Accrued aaeeta:
Intei^st on public debt obligations
Gcrvenment corporations and agencies
Others
Lese: Reserve far losses

Total accrued assets (net)
CcBPOdltles, euppllee, and inaterlala:

Held fcr use or sale
Less: Reserve for losses
Total cdSBodltles, supplies, and materials
(net)
InyestaBBnts

Public debt obligations of the United States,
SecxirltleB of Government corporations and
agencies:
Fedsfral Housing Admini strati on deboaturea..
Capital stock and paid-in surplus of
Gcrvenasant corporations
Other securities:
Banks and trust ccmpaniea - preferred stock
Other
Lese : Reserve for losses

Total InTeatanente
Laiid.,

(

net )

s'bructures, and equlinaat:

Held for use or sale
Less: Reserve for depcreclatlon
Total land, etructuree, and equlimant (net),.
Acquired security or collateral
Lese

:

Reserve for losses

Total acquired security or collateral (net),.

Deferred and undistributed charges

Other assets
Less : Reserve for losses
Total other assets (net)

Total assets
Footnotes on page 72.

5.9
.2

66.9

72.8

Federal Crop
Federal
Prod\iotlcBa
Insurance
Baaka for
Inteimadlate credit
Corporatlt
cooperatlTee
credit baote corporatlcms

Federal Fazm
Mortgage
Corporation WatervB^
Ccaroratia

:

October

mj

59

.CORPORATIONS AMD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES-

Table 2«- Balance Sheets of Corporations of the United States
Government, June 30, 1953 - (Continued)
(In mlUloQa of dollare)

Department of Apiculture

Conmodlty
Credit
Corporation

Farm Credit Administration
Federal Crop Federal Farm
Federal
Production
Inaurance
Mortgage
intermediate credit
Corporation Corporation
credit banks corporatlone

LIABILITIES
Accoxnita payable:

Goveinmant corporations and agenclea
Othera

181.8

V

Total accounts payable

.ll

Accrued liabilities:
U. S. Treasury
Goremment corporations and agencies
Others

UO.2
30.2
181».2

Total accrued llabllltlea
Trust and deposit liabilities:
GoTermnent corporations and agencies
Others

16.5
8.5

,

Total trust and deposit liabilities

,

Bonds, deboitures, and notes payable:
U. S. Treasury
Other Goremntent corporatlaos and agencies:

Not guaranteed by United States
Others
Guaranteed by United States
Not guaranteed by Ifelted States

5,809.7

3,612.0

s.ltBl.S

1,131.3

Total bonds, debentures, and notes payable...

3,612.0

Deferred and xmdlstrlbuted credits

Other llabllltlea (including operating and
liability resarrea )

Total liabilities
CAPITAL
Paid-in capital:
Capital stock
Paid-in surplus
Expended appropriations

2,036.11

1,283.7
1,871.3

Total paid-in capital
Earned surplus, or deficit (-):

Reeerree for contingencies
IMreserred surplus, or deficit (-)

Total earned surplus, or deficit (-)

Total capital
Total liabilities and capital
CONTirCHlIT

LXAHIUTnS

Guaranteed loans
Other

DisnuBonoH op capital
United States owned:
Capital stock
Paid-in surplus
Expended appropriations
Earned surplus, or deficit (-)

Total United States owned
Privately owned:
Capital stock
Earned surplus

Total privately owned....

•

Total capital
ANALYSIS OF IHVESIMERT OF

ONHED

STA^

Paid-in capital - tftilted States owned
Treasury loans to Govemniant corporations

Total investment of the United States
Earned surplus, or deficit (-), United States
share
Book value of United States Intea^eat Including
interagoicy Items
Interagency Itoaa - net amounts due to, or
from (-):
Government corporations
Other Govemment agencies, excluding Treasury
loans to Government corporations
Book value of U. S. interest after exclusion
of interagency items

Footnotes on page 72-

2S8.O 2/
10,95't.8

t.l^T-fi

196.56/

Inland
Watorvaya
Corporatla

Treasury Bulletin
.

C'OKPORATIONS AMD CERTAIN OTHER BUSHJESS-TYPE ACTIYirXES.

Table 2.- Balance Sheets of Corporations of the United States
Government, June 30, 1053 - (Continued)
(In mllllonfl of dollars)

J

;

.

October 195

61

.CORPORATIONS AND CERTAIN

OTHlilR

BUSINESS-TYPE ACTIVITIES.

Table 2.- Balance Sheets of Corporations of the United States
Government, June 30, 1953 - (Continued)
(In minionfl of dollars)

Department
of the
Interior

Departznent Department

Federal
Deposit

Housing and Hooe Finance Agency
Office of
the Administrator

InauronCi

Federal
Institute
Virgin
Prison
of InterIslands
Corporation Indue tries, Amerlce
Affairs

Resular
lending
actlTitle

LXAEIUTIES
Accounts payable
and agenciea.

Total accounts payable

•

Accrued liabilities:
U. S. Treaaury
Government corporations and agencies.
Others
Total accrued liabilities....

Trust and deposit liabilities:

Total trust and deposit llabUltles.
Bonds, debentures, and notes payable:
U. S. Treasury

Other Government corporations and agencies:
Not guaranteed by United States
Others
Guaranteed by IMlted States , ,
Not guaranteed by United States
.

Total bonds, debentiiree, and notes payable.,..
Deferred and undistributed credits

Other liabilities (incl. oper.and liability rea^

Total llabilltle
Paid-in capital:
Capital stock
Paid-in surplus
Expended approprlatlona

Total paid-in capital
Earned surplus, or deficit (-):
Legal reserves
Reserves for contingencies
IMreserved surplus, or deficit (-).,.

Total earned surplus, or deficit (-).
Total capital
Total liabilities and capital

5.2

Uj

Defense
Production
Act of 1950,
OB amended

Corporation Federal Federal
loan

and LoEin
Insurance

Corporatlo

Federal
National
Mortgage
Abb Delation

62

Treasury Bulletin
.CORPORATIONS AMD CERTAIH OTHER BUSINESS-TYPE ACTiViTIES.

Table 2.- Balance Sheets of Corporations of the United States
Government, June 30, 1953
(In Biiiians of dollars)

-

(Continued)

)

October

19'?^

63
.

CORPORATIONS AND CERTAIN OTHER BUSINESS-TYTE ACTIVmES.

Table 2.- Balance Sheets of Corporations of the United States
Government, June 30, 1953
(In milllaQS of dollars

-

(Continued)

Gk

Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES,

Table 3.- Balance Sheets of Certain Buetneee-Type Activities of the
United States Government, June 30, 1953
(In mllllonfl of dollars)

Departaaent of Agriculture

Farm Credit
Administration
Agricultural
Marketing
Act
ASSETS
Cash:

1/

On hand and In banks
With U. S. Treasury
Loana recelTablei

Govennnoit corportiLionfl arKi agenclea
Othera
To aid agriculture:
Agricultural credit corporatlana
Cooperative aeeoclatlonfl
Crop, livestock, and ccaamodlty loanB,...
Fann mortgage loans
Othor
To aid home owners
Mortgage loana otc ,
To aid Industry
Fal Iroads
Other
To aid States, Teirltorles, etc.,
Foreign loana
Other loans (not otherwise claeelfled) ., ..
Lees: Beserre for losses

11^,5^7,0

Total

22,819.9

:

loazis

,

receivable (net)

Accounts and notee receivable:

Govommant corporations and agencies.
Others
Lees:

37.5
1*35.8

Reserve for losses

Total accounts end notes

-13.7

celvable (net).

Accrued asaete:

Interest an public debt obllgatlana.

Gcvomnent corporations and agencies.
Others
Less:

175.1
156.1

Reserve for losses

-39.»*

Total accrued assets (net)
CcBanodltles, ev^plles, and matarlala.

l6h,6

Investmente
Public debt obllgatlana of the United States,
Securities of Government corporatlana:
Capital stock and paid-in surplus of
GoTwrament corporatlone
Other securities:
Intematlonal Bank for Reconstruction and
Defveloimant - stock
Intamatlanal Monetary Fund - eubscrlptlom
Other
Less : Reserve for losses

199.5

,

,

178.5

635.0
2,750.0

,

,

Total Inveetzionts (not)

178.5

Land, structures, and et^ulpiient

Held for use or sale
Less: Reeerve for depreciation

5,7^6.2
-7.8

Total land, structures, and equlpnent (net)

5,738.if

Acquired secxurlty or collateral.
Lees:

178.5

Reearva for losses

-59.6

Total acquired security or collateral (net).,

118,9

Deferred and undistributed chargag
Other assets
Lees:

105.1

,

Reserve for loeee

-10.5

Total other asaeta (net)
Total assets

3**,

108.8

J
October 195
.COEPORATIONS AHD CERTAIN OTHER BUSINESS-TYPE ACTiViTIES.

Table 3.- Balance Sheets of Certain Business-Type Activities of the United States
Government, June 30, 1953

-

(In milllana of dollars)

(Continued)

Treasury BaUetin

66

.CORPORATIONS AND CKRTAIH OTHER BUSINESS-TYra ACTIYTTIES.

Table 3.

Balance Sheets of Certain Buslne8e-Type Activities of the United States
Government, June 30, 1953 - (Continued)
(In mlUlcna of dollttra)

)

October 195)

67
.

COEPORATIONS AKD CERTAIN OTHER BlI3INESS-TYrE ACTIYTTIES.

Table 3.- Balance Sheets of Certain Buelnese-lype Activities of the United States
Government, June 30, 1953
(

-

In nillllons of dollars

(Continued)

Treasury Bulletin

6&

.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYFE ACTIVITIES-

Table 3.- Balance Sheets of Certain Buslnees-Type Activities of the United States
Government, June 30, 1953

-

(Continued)

(In mllllcaiB of doUars)

Mutual Security
Agency

HoiiBlng azid Ecoe Finance Agoioy - (Ccatlnued)

Office of the AajninistratOT- (Continued)
Prefabricated
housing
loans
program

Bevolving
fund for
derelopmant
of ieolated
defecLse eltee

Slum
clearance

program

Public HousiJig AdialnjLstratioa

Farm Security
Administration
prc^ram

Public
war
housing
program

ASSETS
Cash;

1/

On hmWt and In banks .•••.••••.....•.••
With U. S. Treasui7

7.6

Loana recelTable;
GoTernmoiit corporations and agencies
Others:
To aid agriculture!
Agrlcultxnral credit corparatlone

Cooperative associations
Crop, llveatock, and canimodlty loans....

Farm mortgage loans
•
Other
To aid hcane ovners : Mortgage loons , etc .
To aid Industry:
Railroads
•
Other
To aid States, Territories, etc
Forel^ loans
Other loans (not otherwise classified).
Leas: Reserve for losses

,.

Total loans receivable (net)
Accounts and notes receivable:

Govenment corporations and agencies
Others
Less:

Reserve for losses

Total accounts and notes receivable (net).,.

5.9
-.2

6.0

Accrued assets:
Interest an public debt obligations
Government corporations and agencies
Otiiers

Less

Reserve for losses

:

Total accrued assets (net)
CcmDKxLltles, supplies, and materials

Invea tznsita

Public debt obligations of the IMlted States
Secinrities of GcrvBrnmait corporations:
Capital stock and paid-in surplus of
Government corporations
Other securities:
International Bant for Eeconatruction and
Development - stock
*
International Monetary Fund - subscriptionj
Other
Less : Reserve for losses

Total inveetzoonts (net)
Land, staructuree, and equipment:

Held for
Lees:

iise or sale
Reeervs for depreciation

Total land, structures, and eqiiiiment (net),
Acqxdred
Less :

seciirl-*:y

or collatgral

Reserve for losses

Total acquired securltj' or collateral (net).
Deferred and undistributed chargeo
Other assets
Less:

Peserve for leases

Total other assets (net)
Total esseto
Foo-taiote

on page 72.

Veterans
AdmlnlBtratlon

-

Yeteraoe'
re -use
housing
program

Guaranty
progrom

Loan
program

Guaranteed
loans

J

October 195

69

.CORPORATIONS AHD CERTAIH OTHER BUSUtESS-TYEE ACTIVITIES.

Table 3.- Balance Sheets of Certain Buelness-Type Activities of the United States
Governm^it, June 30, 1953

-

(In millions of dollars)

(Continued)

Treasury Bulletin

70

.

COHPOIWTIONS AMD CERTAIN OTHER BU5IKESS-TYPE ACTIVITIES.

Table 3.- Balance Sheets of Certain Business-Type Activities of the United States
Government, June 30, 1953 - (Continued)
(In mllllaas of dollare)

October i95J

71

-COKPORATIONS AND CKRTAUJ OTHER BUSXHESS-OTPE ACTIVITIES.

Table 3.- Balance Sheets of Certain Business-Type Activities of the United States
Government, June 30, 1953

-

(In mllllGsls of dollars)

(Continued)

Treasury Bulletin

72
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.

Footnotes to Tables 2 and 3

Note: The reports aa received are revised "by the Treasury Departanent
to
adjust for certain Interagency items and therefore ney not agroe
exactly with statoiaents issued by the respective corporations and
business-type activities,
l/ Excludes unexpended balances of appropriated funds.
2/ Includes guaranteed loans held by lending agencies,
3/ Includes real estate aalee contracts.
Includes matured interest anountine to $.1 million for which cash
|[/
has been deposited vith the Treaaurer of the United States.
Represents matured obligatians for vhich cash has been deposited
with the Treasurer of the l&ilted States.
6/ Includes $.2 mlUlan deposits to "Guaranty Fund".
Includes deficit resulting froa adMnistrative expenses amounting
2/
to $77.3 million.
8/ Kepresente Reconstruction Finance Corporation proprietary interest
in a Govemiaent corporation.
The
final repayment of capital stock was covered into miscellaneous
2/
receipts of the U, S. Treasury on August 31, 19U8,
10/ Has been adjusted to give effect to provision for retirement of
capital stock of $8.8 million which was deposited Into miscellaneous receipts of the U. S. Treasury in July 1953,
11/ Includes $h.2 milllan advanced from a revolving fund which has
been established by appropriations.
12/ The surplus la not available by law for dividend distribution and
la considered by the Corporation as a reserve for future deposit
insurance losses and related expenses with respect to insured
banks.
1^ The surplus is considered by the Corporation as available for
future insurance losses and related expenses with respect to insured
institutions,
l.V Represents activities under United States Housing Act, as amended.
War housing and other operations of the Administration are shown in

^

Table 3.
1^/ The balance sheet is subject to substantial change peaiding eatabliehnent of a complete inventory and appraisal of net assets transferred
from the Canal to the Ccmpany.
16/ Figures are shown on a preliminary basis,
17/ After the expiration of sixty days from the date of enactment of
Public Lav 163, 83d Congress, dated July 30, 1953, the Reconstruction
Finance Corporation started liquidation of its activities, except
those which existing law or this law permit to be transferred elsewhere
18/ Represents assets held for the Treasury In accordance with provisions
of act of June 30, 19U8 (62 Stat. II87-II88), ^ich provided for

19/

20/
21/
22/

23/

2h/

cancellation of R. F. C, notes in the amount of $9,313-7 milllan,
plus interest accrued thereon subsequent to June ^0, 19'i'7, representing unrecovered costs to the Corporation as of June 30» 19^+7, 1^ its
national defense, war, and reconversion activities, aai stipulated
that any amounts recovered by the Corporation with respect to these
activities subsequent to June 30» 19''-7, should, after deduction of
related expenses, be deposited in the U, S. Treasury as miscellaneous
receipts,
Pursuant to Public Law 163, 83d Congress, approved July 30, 1953, and
Executive Order No. IOU89, dated September 26, 1953, the actlvltloa
carried on in accordance with this act were transferred to the
Secretary of the Treasury, effective at the close of buslnese on
September 28, 1953Includes loans for civil and national defense.
Represents excess of unliquidated asaete over liablUtles transferred
to Reconstruction Finance Corporation,
Consists of net income ftran. power operatlcaas of $225,8 million and
net expense of non-lncomo-produclng programs of $llv6,9 milllan.
This activity was fonnarly reported by the Federal Sec\irlty Agency.
PTirsuant to Public Law 13, 83d Congress, dated April 1, 1953, and Reorganization Plan No. 1 of 1953, effective April 11, 1953, the
Federal Secia:ity Agetncy was abolished and this activity was transferred to the Departanant of Health, Education, and Welfare,
Represents expanded appropriations and excess of Inccan© or expense.
Figures representing each of the two amounts are not available at
this time.

2^/

26/

27/

28/

29/
30/

.

•

EepreseDts total Treasury loans to Government corporations. Deducted
In this analysis because credit has been taken in the Corporatlcai
analysis In Table 2,
RepresMits obligations of Govommant corporations and b\a3lnees-type
activities as shown under "Bonds, debentures, and notes payable U, S, Treasury"
Represents advances made by the Administrator to Federal Rational
Mortgage AssociatiCHi. Funds for such advances have been borrowed by
the Administrator from the Treasury.
Includes $3,66o.U million loan to the United Kingdom. Partial repayments were made on Decemiber 31, 1951, and Deceaaber 31, 1952, aggregating $89.6 million.
Includes $lit8.3 mlllian reserves for contingent loeees, expenses, and
other charges.
Includes subscriptions to International Monetary Fund end Bank and
loan to United Klngdcm (see footaaote 28),
Less than $50,000.

October I95y
.CUMULAl'IVE TABLE OF CONTENTS

November 1952 through October 1953
lasue and page number

Article:
Treaaury financing operatlonfl

Summary of Federal fiscal operations
Budget receipts and expenditures:
Heceipts tj principal aouroee
•
Erpendituree by major claealflcatlone
Ezpendlturea for national defenae and related actlvltlee,...
Expend Itiorea for international finance and aid*
"Other" expenditures
Sumnary of budget results by mccitha and years
Detail of budget receipts and deductions by months and years
Detail of budget expendltiires by months and years
Social Security Act
Ballroad Retirement Act
«
Ballrosd Unemployment Insurance Act

,

,

,

,

,

,

Trust account and other traneactlone:
Summary of trust account and other transactions
Trust account receipts
Trust account expenditures other than net Investments,,,.,,,
Net Investanente of Government agencies In public debt securities,,,
Federal Old -Age and Survivors Insurance Tmst Pui^
Ballroad Retirement Account
Unanployment Trust Fund
,
National Service Life Insurance Fund
«,,
,

Treasury cash Income and outgo:
SunBiary of cash transactions

Derivation of cash budget receipts
Derivation of cash budget expenditures
Derivation of cash trust account transactlcms
Derivation of cash borrowing or repayment of borrovlng
Cash operating inccKue and outgo by months

,

,

,

Debt outstanding and general fund:
SuBunary of Fedeoral securities

Net change in Federal securities
Interest-bearing public debt
Net change In Interest-bearing pubUc debt
Special Issues to U, S, Government Investanent accounts
CoBiputed Interest charge and confuted Interest rate co Federal

,

,

securities
Treasury holdings of securities Issued by Government corporations
and other agenc lea
Status of the general fund of the Treasury
Public debt and guaranteed securities outstanding by montha
General fund balance by months
,,,.,•

,

,

Statutory debt limitation:
Statiis under limitation

,

AppllcatlOTi of limitation to public debt and guaranteed securities

outstanding

Debt operations:
Maturity schedxile of Interest-bearing public marketable securities
Issued by the U. S. Government
Offerings of Treasury bills
Offerings of marketable Issues of Treasury bonds, notes, and
certificates of indebtedness
Disposition of matxired marketable issues of Treasury bonds, notes,
and certificates of Indebtedness

,

,

,

{Continued on following page)

Treasury Bulletin

7^

.CUMULATIVE TABLE OF CONTEffTS.

November 1952 through October 1953 - (Continued
Issue and page number

United States eavlnge bonds:
Cumulative aetles and redeorptlcufl by eerles
Sales and rodaaptlone by periods, ^11 series cosnblnod
Soles and redenptlana by periods, Series E through K
Eedemptlons of matured and unmatxired bonds
Soles and redanptlons by denominations. Series E and H and Series F,
G, J, and K
Soles and redemptlonB by doiomlnatlons , Series E and H
Sales by States, Series E and H «"«^ Series F, G, J, and K
Soles by Stotes, Series E and H

Treasury savings notes:
Cumulative sales and redaaptlons by series
Sales and redonpticais by periods, oil series ccnblned.

Ownership of Federal securities:
Distribution by classes of Investors and types of issues
Net market purchases or sales for Investanent accounts handled by
the Treasury
Estimated ownersblp
,
,
,.,

Treasury survey of
Ovnerehlp by banks. Insurance contpanlee, and others
by ccnaaepclal banks classified by moiLbershlp in Federal
Reserve Syatem (latest date June 30, 1953)

Oiirtiershlp

Market quotations:
End-of-month closing quotations on Federal securities by issues,,,
End-of -month closing quotations on Treasury securities by iesuea,.
Chart - Yields of Treasury securities

Average yields of long-term bonds:
Average yields of Treasury and corporate bonds by periods.
Chart - Average yields of Treasury and corporate bonds....

Internal revenue collections:
Summary by principal sources
Chart - Internal revenue coUootlons by principal sources.
Detail of collections by type of tax

Monetary statistics:
Money in circulation
••..•.
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury
Ccmponente of silver monetary stock
Silver prodiiction In the United States and acquisitions by mints
and assay offices
Seigniorage on silver
Incresnent frcm reduction In weight of gold dollar (lateet date
June 30, 1953 )
Net Treasury gold receipts (latest quarter ending March 31, 1953).

Exchange Stabilization Fund (latest date March 3I. I953):
Balance sheet
Incccue and expense.

Capital movements between the United States and foreign
Sunmary by periods since 1935
Summary by coxmxrlee and months
Details for latest months by coimtrles,
SiQiplfliDdatary data by countries

Sorporatlons and certain other buslnese-type activities
(lateet dates June 30, 19^3, and December 3I, 19^2):
Loans outstanding
Balance sheets (including loans by type, beginning with data for
June 30, 1953)
InccBne and eipenae
Source and application of funds
,