Full text of Treasury Bulletin : October 1958
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ROOM 5023
-^'-'^4 1959
TREASURY
DEPARTM^rr
LFBRARY
ROOM 5030
M^
2 3 1972
TREASURY DEPARTMENT
TREASURY DEPARTMENT
FISCAL SERVICE. BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON 25, D.C
OFFICIAL BUSINESS
^^'2Dk.
mEAwnw^
^
mUlLILETFm
DCTDBER-iasa
UNITED STRTES TRERSURV DEPRRTMENT
DFFICE DF THE SECRETRRV
The Treasury Bulletin Is for sale by the
Superintendent of Documents,
U. S. Government Printing Office, Washington 25, D. C.
Subscription per year $6.00 domestic, $7.50 foreign.
Single copy price varies.
October
m8
Table of Ck^ntents
Treasury financing operations
Page
A-1
Summairy of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
S
Cash income and outgo
12
Account of the Treasurer of the United States....
IS
Debt outstanding
20
Statutory debt limitation
23
Debt operations
2k-
United States savings bonds
36
Ownership of Federal securities
4o
Treasury survey of ownership of Federal
securities
^2
Market quotations on Treasury securities
KG
Average yields of long-term bonds
49
Internal revenue collections
3I
Monetary statistics
33
Capital movements
37
Cumulative table of contents
68
Note:
Where calculations have been made from unrounded
figures, the details may not check to the totals
shown.
Ireasury nuUetin
II
Reporting Bases
Data on reoeipts, expeodltures, and debt whioh appear In the
Treaaury Bulletin" are based lai^ely on two Treaeury financial
reportB, the 'Dally Statament of the United States Treasury" and
the "Monthly Statement of Receipts and Expenditures of the
United States Oovemment. " Certain monetary statistics are based
at least In part on the "Clroulatlon Statement of United States
The daily atatement on the new baela wae first Issued for
February 17, IS<^. In the deposits and withdrawals aa ahown, no
distinction Is made aa to the type of accounts (budget, trust,
etc.
The deposits are on the basle of oertlfleatea of deposit
}.
cleared through the account of the Treasurer of the United States.
Total withdrawals are on the baels of ohecks paid or cash dis-
Money,'
Where theee statements are given ae sources for individual tables, they are cited by name only. Their respective
reporting bases are described below.
For other data In the
Bulletin, Information on sources or reporting bases le given In
bursements made out of the Treasurer's account.
Some of the
withdrawal classifications shown are reported on the basis of
mailed reports of checks Issued and are adjusted by means of
clearing accounts to the total of checks paid.
Except for
oonneotlon with the tables themBelvea.
relatively minor amounts, noncash Interfund and other intragovemmental transactions are excluded. The public debt figures
In the dally statement also are on a "clearance' basis, with the
The monthly statement of receipts and expenditures was first
published for February 195**. and replaced the dally statement as
the primary source of Information on budget results and other
receipt
and expenditure data classified by type of account.
the dally statement was ohangad to a statement
of cash deposits and withdrawals affecting the account of the
Treasurer of the United States. Both publications have provided
oonparatlve figures on their respective bases from the beginning
exception of those Issuance and retirement transactions reported
on the basis of telegrams from Federal Reserve Banks.
Noncash
aebt transactions are Included, however.
At the aaae tine,
of the fiscal year I953.
The announcement of February 17,
195'*,
with respect to these reporting changes may be found In the
April 195U Issue of the. Bulletin.
The dally statement before February I7, 195"+, covered not
only transactions cleared through the Treasurer's account but
also certain Oovemment agency transactions which were hanaled
through commercial bank accounts, and Included noncash interfund
and other Intragovemmental transaetlone. It provided information
similar to that In the present dally statement with respect to the
status of the Treasurer's account,
and similar to that In the
dally statement with respect to debt
Issuance, retirement, and amount outstanding.
Receipts and
The monthly atatement shows all receipts and expenditures
of the Govemaient, including those made from ceiBh accounts held
present
outside the United States Treasury. The Information is compiled
from reports by the Treasurer of the United States and by all
other collecting and disbursing agencies, Includli^ those agencies
expenditures, however, were classified by type of account, and
the budget results shown In the dally statement were used as the
basis for reflecting the results under the President's budget
program ae enacted by the Congress.
which maintain checking accounts in commercial banks. These
reports cover transactions recorded In the accounts of the
agencies during the reporting period. The net of the traneactlons as compiled from these reports Is reconciled in the
monthly statement to changes In the balance In the Treasurer's
account and In cash held outside the Treasurer's account and
changes In the public debt outstanding.
Receipts of taxes and customs duties are reported on a
collections basis. Other receipts are reported partially on a
collections basis and partlallyona deposits basis, E^endltures,
except Interest on the public debt, are reported on the basis of
oheoks Issued or cash payments made by disbursing officers.
Transactions of an Interfund or Intragovernaental nr.ture are
Included on the same basis even though the actual issuance of
checks may not be Involved.
Interest on the public debt Is Included on an accrual basis beginning with figures for June 1955
and the fiscal year 1955- Prior to that. It was Included on a
due and payable basis.
The sane reporting basis ae that in the
monthly statement provides the fiscal year figures for the
Treasury's "Combined Statement of Receipts, Expenditures an,Balances of the United States Oovemment' and for actual receipts
and expenditures In the "Budget of the United States Oovemment."
end-of-month
Receipts were on the basis of deposits as they cleared the
Treasurer's account. Expenditures cleared through the Treasurer's
account were reported on two successive bases. Through 19U-6 they
were on the baels of checks paid by the Treasurer of the United
States.
Beginning with 19*^7, expenditures made through the
facilities of the Treasury Department's Division of Disbursement
were on the basis of checks Issued, while certain others, prin-
cipally those of the Department of Defense and its predecessor
organizations, were on the basis of checks paid. Transaotlons
handled through commercial bank accounts, consisting of market
transactions In public debt and guaranteed securities, were as
reported by the agenciee.
Interest on the public debt was included on a due and payable basis beginning with November 19U9
and on a checks-paid basle prior to that time.
The circulation statement reflects traneactlone through the
Treasurer's account which affect monetary stocks of gold and
silver and the amounts of coin and cuirency In the money supply
It Is Issued later than the dally stateaent.
however, and the figures are based on transactions consummated
of the country.
during the reporting period even though some may not have
cleared the Treasurer 's account during that period.
October
/95(S
A-l
Treasury Financing Operations
September Cash Offering
cent of the amount of the securities applied for was
An offering on September 29 of two securltlee
required on all other subscriptions.
for cash subscription was announced by the Treasury
Department on September 25.
An Issue of 1>-\/2 per-
Commercial banks and other lenders were request-
cent 13-month Treasury notes was offered for 31
billion, or thereabouts, and an Issue of 219-day
collateralized in whole or in part by the securities
special Treasury bills, for 02-1/2 billion, or
thereabouts.
The bills were Issued on a fixed-
subscribed for, to cover the 2 percent deposits required to be paid when subscriptions were entered.
price basis, priced at 98.023, to yield approximately
Commercial banks were required to certify on all
3.25 percent per annum.
In addition,
It was stated
that up to 3100 million of the notes ml^ht be allotted to G-overnraent Investment accounts.
The subscrip-
tion books were open only on September 29.
ed to refrain from making unsecured loans,
or loans
subscriptions entered for account of their customers
that no such loans had been made;
that the banks
had no beneficial interest in their customers' sub-
scriptions; and that the subscriptions for their
own account were not In excess of the stipulated
Allotments on subscriptions to the notes totaled
31,13U million,
Including ?100 million allotted to
Government Investment accounts.
percentages of their capital, surplus, and undivided
profits.
Subscriptions
received amounted to nearly *2.7 billion, of which
The new notes, designated Series B-I959, are
79 percent onme from others than commercial banks.
Subscriptions In excess of $50,000 were allotted
dated October 10, 195S, and bear interest from that
date at the rate of 3-1/2 percent per annum, payable
Subscriptions
35 percent, but not less than $50tOOO.
of $50,000 or less were allotted In full.
on a semiannual basis on May I5 and November 15,1959.
They will mature November I5, 1959. The notes were
Issued in bearer form only, with Interest coupons
Allotments on the subscriptions to the 219-day
attached,
in denominations of 11,000,
Subscriptions In excess of |100,000 were allotted
15,000,
$1,000,000, 3100,000,000, and
1500,000,000. The 219-day bills are dated October
S, 1952, and will mature May 15, 1959, when the
face amount will be payable without Interest. They
4U percent, but not lees than 1100,000 and those of
also were Issued in bearer form only,
1100,000 or less were allotted In full.
inations of $1,000, $5,000, $10,000, ;ioo,oio,
$500,000, and $1,030,000 (maturity value).
Subscriptions
bills amounted to J2,735 million.
received totaled nearly $5.S billion, or which
17 percent were received from nonbank subscribers.
Commercial banks, which for this purpose are
defined as banks accepting demand deposits, were
$10,000,
$100,000,
and In denom-
deposit, but for the notes were restricted to an
Weekly Bills Increased
New issues of weekly Treasury bills totaled
They provided i300
$7.2 billion in September.
amount not exceeding 25 percent and for the bills
to an amount not exceeding 50 percent of the combined
million in cash and refunded $6.9 billion of bills
maturing. The new issues were for $1.8 billion each
permitted to subscribe for their own account without
capital, surplus,
subscribing bank.
and undivided profits of the
Any commercial bank qualified
as a depositary was permitted to make payment for
and the maturities amounted to $1.S billion on Sep-
tember \ and the other three to $1.7 billion each.
All were 91-day bills except the new 92-day issue
the securities allotted to itself and to its customers by credit in its Treasury tax and loan
of September 25.
account up to the amount for which it was qualified
2.359 percent for September 11; 2.6o'+ percent for
Seotember 1?; End 2.5II percent for September 25.
In excess of existing deposits.
Note:
A payment of 2 per-
Details of Treasury market financing operations are
shown elsewhere In this Issue of the "Treasury
Bulletin," in the tables on "Offerings," "Allotnents,"
The average rates of discount on
the new issues were 2.U^6l oeroent for September U;
and "Disposition," respectively, of marketable Issues
of bonds, notes, and certificates of Indebtedness, and
In the table "Offerings of Treasury Bills."
October 19? 8
SUMMAEy OF FEDKRAL FISCAL OPKRATIOMS
(In itllllona of dollarB)
Budget receipts and expenditures
Net
receipts
1/
Expend Itureo
2/
Surplus,
or
deficit
(-) 2/
Net of
trust
account
and other
transactions
Clearing
account
etc. U/
Fiscal yeeg-H:
19l'7
39,786
igi-e
ltl,l»88
19U9
1950
1951
37,696
1952
1953
36,l»95
39,032
33,069
39,507
39,617
'•7,568
Ul*,058
61,391
75''
-1,103
8,1.19
-291.
555
-507
-1,811
-3,122
3,510
-U95
366
99
679
-2IU
65,1*08
7U,27lt
-It,
6U,655
60,390
68,165
67,772
6U,570
-3,117
1.83
017
ll'7
-1.01
-9, '•''9
-250
-14,180
435
328
231
66,51*0
1,626
-191.
522
69,1.33
-523
71,897
1,596
-2,813
195
195*3 P
71,029
69,083
626
530
1959 (EBt.).
67,000
79,223
-12,223
-517
33''
2,U3l.
-350
61., 825
19^
1955
1956
1957
Calendar yeara
19''7
to, 389
19^6
liO,86U
37,955
35,623
19''9
37, SU
'•1,106
-3,592
1950
1951
37,306
52,979
37,728
56,337
-3,358
1952
1953
eUiSiio
63,8''l
70,682
72,997
195l«
61,171
6U,851'
1955
1956
63 ,358
70,99k
66,129
67,216
-9,157
-3,683
-2,771
3,779
1957
72,28i»
71,692
592
U,809
6,188
10,737
6,095
-1,286
5,21.1
-1122
-5,81.2
Mentha:
1957-Jan
Feb
March
.
April..
May
June.
'•,256
5,282
11,688
.
5,7'^3
1.1.6
5,58U
5,153
5,987
-1,731
-662
5,91.1'
6,279
6,3k7
5,930
5,667
5,1.09
July...,
Aug
Sept
3,057
5,128
7,225
Oct
Nov
Dec
3,131
501
11,827
,806
5,956
5,809
11.7
1956 -Jan
Feb
'•,786
6,011
5,528
-1,225
771
3,753
March
.
.
Apr) 1.
.
May
June p
6,299
9,501
5,71.9
3, '•96
'',925
6,122
5,81.6
-3 ,290
-802
1,559
-3,370
-979
-2,626
-920
10,751
6,581
i.,170
July
2,9''6
6,613
August.
'•,838
6,198
-3,667
-1,361
.
1,092
-303
281.
..,
Treasury Bulletin
.BUIXJET
RECEIPTS AND EXPENDITURES,
Table 1.- Receipts by Principal Sources
(in mllllona of dollars)
Internal revenue l/
Bnployment taxes
Income and profits taxes
Fiscal year
or month
Corporation
Individual
Not
withheld
Total
Income
and
Withheld
profits
2/i/
21*, 218
1951
1952
21,523
18,265
10,71*7
13,535
18,521
21,351
21,635
10,396
21,251*
21,299
21,531
20,533
11,322 2/
12,302
11,527
21*, 012
32,826
33,012
1953
1951*
1955
1956
1957
1958 p
1959 (Bat.)..,
,
1958 -January..
February.
March. .
July
Auguat.
1959 to date
1*0,000
17,200
U86
1*06
3,931
9,1*23
1*,562
l*,983
9,726
10,825
5,''25
91*5
10,011*
6,220
936
9,211
325
330
336
7,296
7,581
10,001*
8,61*1*
1,171
1,378
l.UlO
10,811.
75,109
80,172
79,978
333
9,220
1,515
10,689
78,629
53
385
1,302
680
U2
892
105
861*
1*,910
7,1*21
11*3
O60
10,879
2
722
1,293
191
115
96
785
922
891*
5,761
7,033
11,380
363
53,906
l*,537
1*9,915
5,3'*0
56,633
60,560
59,102
6,337 2/
631*
6,631.
57,200
8,287
616
575
600
Total
employ ment jj
10,638 10/
9 8/
7
5
15
51,106
65,635
70,171
70,300 8/
66,289
3,5,19
5,11*7
792
U,060
U,702
9,570
1,221
77I*
1*3
1
818
338
1,032
17
72
1
1
355
1,105
113
3,1*76
1,931
3,915
95
926
908
3,328
6,023
l*,671
5,81*7
1,370
89
1,1*61
208
1,831*
9,350
658
U76
3,611*
5,906
2,792
6U0
1,723
1*79
258
1,195
.
316
123
.
791*
382
.
Total
internal
revenue
1/
259
277
285
280
578
735
620
603
600
7,733
Taxes not
otherwiee
classified
2/
23 u
3,120
3,569
I*, 086
51*,
Excise
taxes
2/
For unemployment
Insurance
6/
37,753
51,31*7
2/
i/y
Estate
and gift
taxes 2/
For railroad retirement
5/
981
3,953
2,000
6,538
.
April
May
June p.
26,728
27,0Ul
For old-age
and disability insurance
1,91*1
9,196
313
955
632
703
269
1*3
5
17
70
2
October 19^8
-BUDGET KECEIPl'S AND iXFEMDITURES
Footnotes to Table
Jj
Through 1953, contributions to the Ballroad Unemployment Insurance
Administration Fund wero carried in the daily Treaexiry statement as
mlsceilaneo'oa receipts, while the 1959 Budget document. Special
Analjais K, Incl'jdes them in employment taxes through 1952. Beginning 1951* the contrlbutlona are credited direct to the trust account.
For amounts of the contributions Included In budget receipts, see
"Treasury Bulletin" for February 19 5** page 7.
In the 1959 Budget document, Special Analysis K, Internal revenue
taxes not otherwise classified are Included In miecellanf. oua
receipts.
Beginning 1955, the flg-jrea shown reflect adjustments to correct
prior estimates (see footnote 11), In milliona of dollars as follows:
1
-
,
8/
2/
Fiscal year
or month
1955
1956
1957
1958 -January
April
Income
tax withheld
Income tax
not withheld
Old-age Insurance
taxes transferred
-300
-2U6
+2:U9
13/
iMj
-131^
+136
-116
-106
+123
+11-^
10/ Beginning 1957, includes collections under Increased rates in the
Highway Pevenue Act of 1956 (see footnote li*
11/ Anountg appropriated to the Federal 011-Age and Survivors Insurance
Trust Fund are equivalent to the ajnounts of taxes collected and
deposited for old-age insurance (1*2 U.5.C. UOl (a)). Beginning
January 1951, the amounts transferred currently for appropriation
to the truet f'jnd are based on estimates of old-age Insurance
tax receipts made by the Secretary of the Treasury pursuant to the
provisions of Sec. 201 (a) of the Social Security Act, as amended
(U2 U.S.C. It-01 (a)), and are adjusted in later transfers on the
basis of wage and self-employment income records maintained In the
Social Sec'jrlty Mmlnlstratlon. The amount of old-age Insurance
tax ref'jnds is paid from the trust fund aa a relmbiarsement to the
general fund.
12 / The Federal Disability Insurance Trust Fund was established by the
Social Sec^jTity Act Amendments of 1956, approved A'jgust 1, 1956
(U2 L'.S.C. UOl (b)).
The act appropriated to the trust fund amounts
)
15/
16/
*
p
(Continued)
equivalent to specified percentages of the wages and self -employment
Income, respectively, which are taxed for old-age Insurance, and
provided that the amounta appropriated should be transferred from
time to time to the trust fund on the same basis as transfers to
Pates of
the Federal Old-Age and Survivors Ins'jrance Trust Fund.
tax were increased by the percentages appropriated to the Federal
Disability Insurance Trust Fund, the Increase being applicable tc
wages paid and taxable years beginning after December 31. 195^*.
Excludes the Government's contribution for creditable military
service (1*5 U.S.C. 226c-l (n)). Beginning 1952, amounts are
appropriated to the Railroad Retirement Account equal to the amount
of taxes under the Railroad Retirement Tax Act deposited In the
Treasury, less refunds, during each fiscal year (65 Stat. 222 and
66 Stat. 371), and transfers are made currently. Prevlciaty,
annual appropriations were based, in effect, on estlmat*^d tax
collections, with any necessary adjustments made in succeeding
appropriations.
The Highway Revenue Act of 1956, approved June 29, 1956 (23 U.S.C.
173) estahllahed a Highway Trust Fund from which are to be made,
as provided by appropriation acts. Federal-aid higJ".waj expenditures
after Jme 30, 1956, and before July 1, 1972. The act appropriated
to this fund amounts equivalent to specified percentages of receipts
from certain excise taxes on motor fuels, motor vehicles, tires and
tubes, and use of certain vehicles, and provided that the amounts
appropriated should be transferred currently to the truat fund on
the baale of estimates by the Secretary of the Treasury with proper
adjustments to be made In subsequent transfers. The use tax was
Imposed by the act and rates were increased for the other taxes.
Previous to the fiscal year 1957 corresponding excise tax receipts
were Included In net budget receipts, and Federal-aid highway
expenditures were included In budget expenditures.
Interest on refunds Is Included In expenditures in Table 2. Reimbursement by Federal Old-Age and Survivors Insurance Trust Fund
for refunds of taxee for the fiscal year ( aee footnote 11) is
netted against Internal revenue refunds for the month In which
the reimbursement is made.
Net of reimbursement of $72 million from the Federal Old-Age and
Survivors Insurance Trust Fund (see footnote 15).
Less than $500,000.
Preliminary.
..
.
.
,
Treasury Bulletin
.
BUDGET RECEIPTS AND EXPEMDITUBiS
.
Table 2.- Expenditures by Agencies
(In mllllona of dollara)
Fiscal year
or month
1953
195^
LeglelatlTe
branch
1955
1956
1957
1958 p
67,772
64,570
66,5Uo
69 .^SS 3/
71,897 6/
1959 (Eat.)..
79,223 2/
Judiciary
Funda
appropriated
of the
to the
Prealdent
President
10
10
11
i>,l'73
39
hk
U,060 1/
6,791
6,982 2/
7,707
8,319 1/
US
60
i.,03ii
8,91.7
132
6,1.73
'',381
1/
-23
5,177
5,006
197
l.,887
1,063
1,000
1,077
1,293
562
6U6
U35
1,500
6,872
853
36
263
257
570
1.25
8/
1958 -January.
February
March..
6,011
5,528
1
1
UU8
272
700
670
31
5,7119
1
1*62
673
32
71
-U9
-15
April...
May
June p..
6,122
1
1
31.0
662
692
729
39
37
3U
July
August.
1959 to date.
5,81.6
336
29U
1
6,581
3,217
2,915
i.,636
351.
51
59
157
1.1.9
51.
1.9
21.5
-158
500
55
51
6,613
12
71.9
"•3
37
11
6
10
1.53
6,198
271
766
31
32
530
72
76
2U
16
721.
1,515
71.
69
1,176
11.8
12,811 6/
Military
functions
ClTll
functions
Interior
Department
Justice
Department
587
535
515
512
572
666
171
183
182
216
Labor
Department
300
Post
Office
Department 10/
state
Department
District
Intereat
On
public
debt 11/
of
7U
83
62
271
156
179
203
7,21.1.
57
7,612
6,501.
Columbia
12/
On
refunds
of taxes
798
1955
1956
1957
1958 p
35,532
35,791
38,ii39
39,010
639
738
1,920
1,981
1,993
2,071
2,295
2,6U5
229
567
659
312
356
U63
516
675
1959 (Eat.)..
U0,800
820
3,079
71.2
251.
1,038
735
21. Ii
7,500
1958 -January.
February
3,1''3
55
21iU
1.6
U2
196
212
61
32
1.2
16
16
16
22
70
83
70
21
3,166
3,068
693
606
616
55
59
61
April...
May
June p.
3,205
3,21U
3,853
53
1.8
77
o2
101
July
August
3,175
3,21ii
5,389
195»'
March
.
.
.
1959 to date.
1*3,611
110,336
813
605
573
"•5
211.
355
391.
U12
1.18
136
11.2
15
15
6,362
6,370
6,767
13
71.
368 1/
879
7U8 8/
766
22
22
26
25
70
802
35
51.
I
53
20
21.
71.
55
117
28
61
22
91
68
17
613
595
619
32
63
21.6
72
22
52
61.2
76
71
20
lOU
109
156
21.2
69
21
57".
65
96
1.88
1"3
1.2
225
73
1,216
Actual figures are from the monthly statement of receipts and exSoxirce:
pendlt'jres of the Sovernment (for explanation of reporting bases, aee
page II); eatlmatea are from the Midyear Review of the 1959 Budget,
released September 11, 1956, Including effects of proposed legislation.
Figures in this table are for agencies as constituted at the time
Note:
the expenditures were made, and therefore do not neceaaarlly represent
functions which are comparable over a period of time. For expenditures
by functions on a consistent baale, aee Table U.
1/ Reconstruction ?inance Corporation Is included under "Independent
offices" through 195**, and under "Treasury Department" beginning 1955,
except functions transferred to Export-Import Bank, Federal National
Mortgage Association, General Services Administration, and aiall
Business Admlnlatratlon. The corporation was abolished at the close
of June 30, 1957, by Reorganization Plan No. 1 of 1957, and its
remaining functions were transferred to the Housing and Home Finance
Administrator, Administrator of General Services, Administrator of
aoall Business Administration, and Secretary of the Treasury.
2/ Federal Home Loan 3ank Board Is Included under "Housing and Home
Finance Agency" through 1955, and under "Independent offices"
thereafter.
1/ Beginning 1957, Federal aid for highways la excluded from budget
expenditures and included In trust account expendlturea ( see Table 1).
Uf Effective January 1, 1957, the production credit corporations were
merged In the Federal intermediate credit banke, pursuant to the
Farm Credit Ant of I956, approved July 26, 1956 (12 U.S.C. 102?),
-8
i2
873
255
221
185
51
99
2/
Treasury Department
Health,
Education,
and
Welfare
Department
5lt8
1953
i,/
l.i»
61.6
Defense Department
Flacal year
or month
Commerce
Department
Agriculture
Department
-615
129 2/
39
523
y
l.,115
Houaing
and Home
Finance
Agency
385
1,107
806
973
6,905
5,782
5,282
27
28
30
37
General
Services
Administration
Independent
offices
9
9
9
61
59
65
85
97
99
!t/
Executive
Office
11^
15
1
*
and operations of the merged agencies (aa mixed -ownership corporations) Were classified as trust enterprise funda (see "Trust Accojnt
and Other Transactions," Table 3); previously the operations of the
banks and the corporations, respectively, were classified as public
enterprise funds and were included net in budget expendlt'jrea.
Alaska road construction Is Included under Interior Department
through 1956 and under Commerce Department beginning 1957.
Includes unclassified expenditure tranafera until theae have been
distributed in final figures.
Figures for the fiscal year reflect the reclassification of the
Informational Media Guarantee Fund from "Funds appropriated to the
President" to "Independent offices"; the monthly figures prior to
April 1958 have not been revised accordingly-.
Effective July 1, 1957, remaining functions of the Federal Facilities
Corporation were transferred to General Services Administration from
the Treasury Department, by Executive Order IO72O of July 11, 1957.
Total Includes $225 million allowance for contingencies.
Beginning 1955, consists of net expenditures of the Postal Fund,
reflecting the change In classification of Post Office transactions
to a public enterprise revolving fund basis.
Reported on an accrual basis effective June 30, 1955Conalsta of Federal payment and loans and advances.
Leas than $500,000.
p
Preliminary
^
6/
l/
8/
2/
10/
11/
12/
October 1958
.
BUXGET RECEIPTS AND E3CPENDITURES
.
Table 3«- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of August 31, 1958
(In mllllona of dollars; negative figures are deductlone In the colunaiB In which they appear)
Unexpended
balances
brought
forward
July 1, 1958
(preliminary)
Agency
Additions, fiscal year 1959 to date
Increases
Appropriations
1/2/
Ifglalative Branch
The Judiciary
Executive Office of the Prealdent
Funds appropriated to the Prealdent
Independent Offlcee
General Services Adminletratlon
Houalng and Home Finance Agency
Agriculture Departjaent
Commerce Department
Defenae Department:
Military functions
Civil functions
Undistributed foreign tranaactlons
Health, Education, and Welfare Department
Interior Departnent
Justice Department
Labor Department
Post Office Department
State Department
Treaaury Department
Diatrict of Columbia - Federal contribution and loana
Unclaasifled expenditure tranafera
Adjustment to monthly statement of receipts and
expenditures of the government
Total
Authorizations
to expend
fran debt
receipts }*J
Transfers,
borrow Inge,
Investments
Other
authorizations and
obllgatlonal
authority
2/
^
-17
125
108
3
•S
60
5,915
12,087
368
8,656
5U
5''
3,30U
3,3*
1.5
8,U2i
150
8,571
1»70
1.70
187
3,881
932
'•,995
7U5
669
51
238
1.
l.,55l.
36
968
32,289
295
'•0,957
1.0,957
81.8
81.8
969
362
27
632
2,51.1.
2,51.1.
669
228
"•5
507
235
208
8,297
28
71,303
71,9'.0
l»60
103
3,116
693
228
507
235
208
8,297
28
819
Deductlone, fiscal
year 1959 to date
Agency
Expenditure a
(net)
Rescissions,
cancellationa, and
other adjuetmente 2/
72,858
99
Itoexpended balances August 31, 1958 (preliminary)
Appropriations
Author!
zationa
to expend
from debt
receipts
Ulfunded
contract
authorizations
Inveatmenta
held
Total 2/
8/
!t/
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Independent Offices
General Services Administration
Housing and Home Finance Agency
Agriculture Department
Commerce De partment
Defenae Department:
Military functions
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Poat Office Department
State Department
Treaaury Department
District of Columbia - Federal contribution and loana,
Unclaaaifled expenditure transfers
Adjustment to monthly statement of receipts and
expenditures of the government
11
26
61
183
8
1*0
16
715
1,515
99
8,052
1.52
9,538
9,226
53
765
326
1,991
1,356
71.
69
1,176
-UO
1
11.8
6,2U2
95
159
1.0
99
1''3
1.3
212
825
8,501.
6,773
,11.6
6,31.1.
39
210
67,00U
1,0U8
-159
3,022
832
213
927
1.88
21.5
326
19,090
765
620
8,861.
8,372
1,566
67,001.
1,01.8
-159
3,025
912
213
927
3
80
1.70
1.70
73
238
238
1,367
23
7,258
51
2,789
10,01.6
51
,
Total
10 2/
12,811
Source:
Bureau of Accounts.
1/ The preliminary balances shown for July 1, 1958, are the latest available
at this time. They are baaed on preliminary reporta from the agencies
and are subject to later adjustments aa additional Information la received,
preparatory to the cloalng of the central accounts in the Treaaury for
fiacal year 1958. Among the areaa subject to later adj'oetment are the
following: certain overseas transactictis not yet Included; write-offs
or withdrawals of unobligated balances no longer available, since
agency reports covering these transactions are not required by law to
be submitted until September 30 (the write-offs in the fiscal year
1957 amounted to $2.5 billion); certain indefinite appropriations,
and appropriations for "auppllea, materials, and equipment" under
103
2/
,21.2
25,581.
1,538
9U6
131,310
the accelerated procurement program, included on the basis of
Budget estimates Instead of final figures; other transactions.
Including those relating to (a) authorizations to expend from
debt receipts, (b) contract authorizations, (c) Investment in
public debt securities, and (d) restorations and reapproprlatlons, which may require adjustment on the basis of final
reports from the agencies.
Altho.^h not expended, a substantial portion of these amounts
is obligated for outstanding purchase orders and contracts
for equipment and supplies, for payrolls, and for almllar
Iteios.
Remaining footnotes on page 7.
:
:
.
.
Treasury Bulletin
.BUDGET RECEIPTS AND EXPENIIITURES
Table 4.- Expenditures and Balances by Functlona
(Fiacal jeara; In mllllone of dollarB]
1959 through At^ust
Function
code
1955
195^
1956
1958 p
1957
nmber
Expenditures
Major national aecurlty:
Direction and coordination of defenae
Air Force defenae
Amy
de fenee
Naval de f enae
051
052
053
051*
Other central defenae actlTltlea
Development and control of atomic energy
Stockpiling and defenae production expanelon.
Mutual defenae aaslatance;
Military aeal stance
Defense support
055
056
057
058
Total major national security.
International affairs and finance:
Conduct of fore Ign affaire
Economic and technical development 2/
Foreign Information and exchange activities.
151
152
153
Total international affaire and finance
Veterans' services and benefits:
Veterans' education and training
Other veterans' readjustment benefits U/
Veterans' compensation and pensions
Veterans' Insurance and servicemen's Indemnities.
Veterans' hospitals and medical care
Other veterans' services and administration
^
101
102
103
lOU
105
106
Total veterans' services and benefits.
Labor and welfare:
Labor and manpower
Public assistance
Promotion of public health
Promotion of education
Promotion of science, research, libraries, and museums.
Correctional and penal Institutions
Other welfare services and administration
development of land and water....
developnent of forest resources..
development of mineral resources.
development of flab and wildlife.
of natural resources
surveys and administration
lU
II*
16
10
16,71*9
18,363
9,063
10,398
602
1,990
18,1.30
9,01.1
2,969
1,398
10,877
651
2,275
625
1,909
115
3,629
967
2,292
1,U63
2,611
1.16
1,181.
1,11.3
2,181
871
l»7,8-(2
Ii2,089
1*1,825
W.,ltll.
l.l.,968
7,1.91.
70
226
8,7oe
9,71.1.
582
1,651
588
1.90
2,352
130
121
120
157
171.
5U3
U98
1*31
51.2
912
1.37
103
137
91
100
111
133
11*7
22
765
719
662
832
1,23U
318
87
5U6
158
661.
767
123
771*
126
75
15
,1.82
2,681
,798
2,870
3,101*
531*
100
782
188
57
1*7
1.3
7
727
178
105
788
176
801
175
855
157
156
35
U,256
l.,U57
'*,756
l*,793
5,026
835
150
790
277
328
1*75
1*00
1.58
212
213
ilk
1,'»39
1,1.28
1,1*57
,558
1,797
51*6
189
318
110
215
216
217
300
87
21*
290
275
351
1*69
273
321.
279
290
33
53
26
28
71
32
l't7
115
56
31
126
2, ''85
2,552
351
352
353
1,689
256
217
3,508
236
35''
21>I.
355
Total agriculture and agricultural resources....
Natural resources:
Conservation and
Conservation and
Conservation and
Conservation and
Recreational use
General resource
13
16,U07
8,899
9,733
U81
1,857
211
Total labor and we Ifare
Agriculture and agricultural resources:
Stabilization of farm prices and farm Income ^.
Financing farm ownership and operation 2/ 6/....
Financing rural electrification and telephones..
Conservation and development 2/
Research, and other agricultural services 2/...,
12
15,668
12,910
11,293
U52
1,895
1,045
UOI
lt02
I1O3
I.OI4
7
11*7
158
23
2,776
2,966
3,381
721*
3,91*6
3,511
3,331*
859
21
269
297
150
286
177
231
217
305
215
227 1/
267
351
227
27U
71.
2,557
k,kU.
>i,913
',582 2/
i>,6ao
1,125
1,056
117
37
38
935
803
138
38
925
1,138
182
162
62
171*
Ul.
37
59
1.3
1.5
1.1*
60
69
35
51
59
38
1*1.
7
11
18
11
1,101*
1,296
1,51*3
273
31.9
61.7
1.20
365
392
783
1.0
253
356
251
1.
-1»01
56
-115
-llt2
270
31
19
295
518
U9
60
78
7
93
225
-330
JjQi,
38
60
1.2
2*
U8
U05
33
35
I4O9
35
31.
Total natural resources
53
31*
1,315
1.1.7
52
118
Commerce and housing
Promotion of water tranaportaticn
Provision of highways
Promotion of aviation
Postal service
Community development and faollltles 2/ 10/.
Public housing programs 11/
Other aids to housing 2/"^
Other aids to business 13/1'*/
Regulation of commerce and finance
Civil defenae
Disaster Insurance, loans, and relief 15/. .
511
512
513
^ih
515
516
517
518
519
520
521
370
586
275
312
37
1_
1.63
12
6/
31
UOl.
675
78
-83
59
lUO
20
1*1
1*5
1.9
11
56
63
6U
13
!i3_
21
5_
81I1
1,502
2,028
1,1*53
601
602
603
kg
29
60
31
77
38
90
uo
11
12
12
12
8
60l>
kkg
155
1.31
1*75
1*76
502
Total commerce and housing
lU
52
195
26
-60
8/
2,085
1*3
*
531
Q eneral government
Legislative functions
Judicial functions
Executive direction and management
Federal financial management
General property and records management
Central personnel management and employment costs
Civilian weather eervlcea
Protective services and alien control
Territories and possessions, and District of Columbia.
Other general government
Total general government
Footnotes at end of table.
605
606
607
608
609
610
93
26
160
53
213
1,239
1.1.
161.
161*
I9I*
21.0
2
103
52
U5
331.
627
38
187
lUO
22
39
71.
73
9
36
31
25
157
67
139
31*
188
69
238
1,629
(Continued en following page}
51
199
19_
1.353
ll_
275
Unexpended
balances end
October 1958
-BUDGET RECEIPTS AND EXPENDITURES.
Table 4.- Expenditures and Balances by Functions
(riBcal yeara; In millions of dollaj-s)
1
-
(Continued)
.
..
..
Treasury Bulletin
.THUST ACCOUHT AHD OTHKR TRAHSACTIOBS-
Table I.- Sununary of Trust Account and Other Transactions
(in mlllloDa of dollara)
Fiscal year
or month
Net recelpte, or
expend It urea (-),
from trust account
and other tranaactiona
Truat and deposit fund accounts
Net recelpte, or
expendlturea (-)
679
1951
1952
3,852
3,855
3,760
2,386
991 1/
11.7
1953
195^
1955
328
231
1956
1957
1958 p
195
626
Expenditures
7,796
8,807
8,929
9,155
9,536
Net sale, or Inveetment
hy Government
( - ) ,
agencies In public debt
securities
38I1
-3,557
-3,636
-3,301
3,9'.5
'',952
5,169
6,769
8>5
Net sale, or redemption
{-), of securities of
Government agencies In the
market
-72
-25
-U
-2,051.
-1,362 1/
1/
2/
602 1/
21.6
11,685
lit, 369
16,326
12,959
16,081
-2,617
-2,300
-197
1,085
577
-763
17,381.
18,11.7
1.98
-252
2,250
1,U09
-19''
-
Becelpte
9,'t35
173
1959 (Ht.)..,
-517
1958-J«nuar7 .
February,
March
-65
338
-831
820
285
,68U
1,651
1,317
5UI
367
-171
l>t2
-273
-1.37
,127
1,561.
61.
101
-13
-11.7
1,''79
279
-llA
137
-559
1,363
-597
-31.
1.93
,331
,131
,066
1,57'.
-333
-719
-376
-675
1,786
330
1,1.12
-1.70
-31
10
April
May
June p.
..
July
August..
768
1,111
1,956
5^3
and excluded frcm net Investment by Government agencies In public
debt securities (aee Table h) and fron net redemption or aale of
obligations of Government agencies In the market (see Table 5)'
Flgurea previously publlahed for the flacal year 1955 have been
revised to the new claaslf Icatlon basis.
Includes guaranteed aecurltlea beginning 1955 (aee Table 1.).
Preliminary
Actual figures through 1952 ere from the dally Troaaury atatement and thereafter fron the monthly atatement of recelpte and expenditures of the Government (for explanation of reporting baaes, aee
page II); estimates are from the Midyear Review of the 1959 Budget,
released September 11, 1958, Including effects of proposed legislation^
Under a revised classification In the monthly staten^nt, effective
July 1, 1955, the security tranaactlona of Govemment-aponaored
enterprises are Included In deposit fund account expenditures (net)
Source:
1/
Table 2.- Trust Account Receipts
(In millions of dollars)
Federal Old-Age
and Survivors
Insurance Trust
Fund
Flacal year
or month
1951
1951.
1955
y
Life
Insurance
Fund
Fund
Highway
Trust
Fund
2/
681.
86
786
87
850
912
l.,5l6
7U2
5,080
5,586
737
700
1,591.
1,1.92
1,U25
637
619
590
79
78
78
961
691
708
61.9
73
608
69
68
1,025
1,397
1,1.82
61.0
339
723
16,326
7,003
7,159
7,901
91.1
695
1,728
1,912
1,855
17,381.
8,350
957
1,016
1,899
820
31.1
llU
1.5
898
36
120
75
25
1,681.
86
177
26
U2
38
2
1958-January
February
March . .
1,127
611.
June p.
1,331
2,131
2,066
768
1,138
917
July
August.
1,111
1,956
1.27
l'',369
Federal
employees'
retirement
funds
1,61.3
1959 (Est.)..
93''
739
1.5
81.
20
155
100
72
133
38
130
Source: See Table 1.
1/ See "Budget Recelpte and Sipendltures," Table 1, footnote 12.
See "Budget Receipts and Expenditures," Table 1, footnote 11*.
Includes District of Columbia receipts f^om taxes and from Federal
contributions, loans, and grants; Indian tribal funds; Increnunt
resulting from reduction In the weight of the gold dollar.
Beginning with the fiscal year 1951., the Railroad Uiemployment
Other trust
accounte
i/
51.5
597
UOI
1.57
Ult9
1.67
1,1.57
2,13'.
681
635
1,722
2,116
631.
3
123
119
105
151
190
150
53
3
690
51
70
96
39
2
123
l'<5
5^
1.05
38
205
2
155
Ul
111
295
168
172
1.7
lUl
99
UO
116
73
31.9
39
159
177
206
2/
^
Government
Service
Life Insurance Fund
1,51.2
11,685
April...
Itaemploy - National
ment
Truat
3,932
1956
1957
1958 p
May
Railroad
Retirement
Account
678
850
3,1.11
7,796
8,807
8,929
9,155
9,536
1952
1953
Federal
Disability
Insurance
Trust Fund 1/
!i/
p
Insurance Administration Fund la claaslfled as a trust account.
Instead of being handled through budget accounts as formerly
(aee "Budget Recelpte and Expenditures," Table 1, footnote 7).
Does not Include donation of public debt aecurltlea amounting
to $1.5,800 (par value); see alao Table h.
Preliminary
Uo
69
62
hj
October 1958
.TRUST Accotnrr ahd othir trahsactiois.
Table 3.- Trust and Deposit Fund Account Expenditures
(In mllllone of dollore; negative figures ore exceae of oredlta)
Truet accounts, and trust enterprise funds (net)
Total
trust
accounts,
riecal year
or month
eto.
1951
1952
3,91.5
'.,952
1953
195^
1955
5,169
6,769
l.,139
5,298
5,698
7,327
8,51.5 1/
8,1.89
1956
1957
1958 p
9, '.35 2/
IS, 959
9,197
12,71.3
16,081
16,159
1959 (Est.)...
18,1U7
1958 -January..
February.
March .
1,651
1,317
1,561.
April....
Hay
June p.
.
July
August.
.
.
Federal Old-Age
and Survivors
Insurance Trust
Fund
Federal
Disability
Insurance
Trust Ft«id
Railroad
Retirement
Account
Fund
321
391
U65
502
585
1,569
2,067
2,750
3,1.05
U,1.87
Uaemploy
ment
Trust
National
Service Life
Insurance
Fund
900
611.
1,01.9
996
588
623
538
1,010
1,71.5
1,965
Government
Life
Insurance
Fund
Federal
employees'
retirement
funds
77
82
82
lUT
271
300
81.
1.30
Highway
Trust
Fund
363
1.11
6u
1,393
1,61.1.
512
515
181
682
730
3,11.8
51.5
9,1.89
1.1C
779
2,955
1,1.87
720
3I.U
U9
61
331
UlB
1.6
7
56
US
1,532
668
697
16
18
19
63
1,1.92
1.2
6
61
97
1,1.79
1,381
729
721.
U26
377
30
1,1.23
6U
63
63
51
1,363
20
20
29
1.7
15
59
59
90
109
31.8
1.9
58
217
63
63
320
3t»
U9
U8
11
57
201.
7
58
222
5,551
6,723
8,116
1
1,571.
1,628
717
1,786
1,606
61.1
19
1,1.12
1,1.87
722
20
62
87
631
7
507
591
699
966
1,602
81.6
2,560
65
112
Treasury Bulletin
10
.
TBUST ACCOUNT AM) OTHER TEANSACTIONS
.
Table 4.- Net Investment by Government Agencies In Public Debt Securities
mS
October
11
TEUST ACCOUNT AND OTHKR TliANSACTIONS
Table 5.- Net Redemption or Sale of Obligations of Government Agencies in the Market
(in mllllone of dollars; negative figures are excess of salea)
Securltlee gueu-anteed by the Itilted States
Public enterprise funds
Fiscal i'ear
or moath
Total
guaranteed
-7
-29
-30
37
37
-173
-30
-30
-1,085
-577
-33
-33
25
1951*
U
1955
-602 1/
1956
1957
1958 p
6
252
1958 -January
February
-225
3
3
-11>2
-2
-2
-101
-1
-1
lliU
10
10
3".
-3
.
.
Owners'
Loan
Corporation
-7
1959 (Est.)..
March
Hofae
-12
-16
72
1953
Federal
Housing
Admlniatratlon
-10
-16
-381.
1951
1952
Federal
Farm
Mortgage
Corporation
Conmodlty
Credit
Corporation
April...
May
June p..
719
-3
-U
July
August.
31
-1
-1
-10
-6
-6
Securities not guaranteed by the Itoited States
Trust enterprise funds
Public enterprise funds
Fiacal year
or month
Total not
guaranteed
Total
public
and trust
enterprise
funds
.37U
88
32
33
1951
1952
1953
1951*
65
Federal
Intermediate
credit
banks
2/
Federal
National
Mortgage
Association
Home
Owners*
Loan
Corporation
Federal
Intermediate
credit
banks 2/
Federal
National
Mortgage
Association hj
Government-sponBored enterprises
Total
Banks
Governraenteponaored
for
coopera-
enterprises
tives
Federal
home
Federal
loan
banks
banks
-371.
-375
186
285
land
-99
65
-33
12
-1.5
uu
-11
13c
-11.6
Memorandum 5/
-639 1/
1955
1956
1957
1958 p
-639
-lliU
-1,052
-583
-1,052
-583
March .
.
April...
May
June p.
July
August.
-570
-238
-226
-2l>2
-228
-lUO
-100
-228
-229
-lliO
1
-101
-100
131*
-66
200
-63
100
-50
121
21U
-61.
32
-37
-73
-U
-h
2
37
72't
32
787
See Table 1.
Beginning 1955 excludes net transactions of Government-sponsored enterprlaee (see Table 3).
Classified as a public enterprise fund prior to January 1, 1957; as a
trust enterprise fund January 1, 1957, to January 1, 1959; and as a
Government-apDnsored enterprise thereafter (see Table 3, footnote 3).
-25
-250
-lUO
1'='7
-91
-30
112
37
-261
-230
-95
10
-23
-1.6
i/
1/
}*J
5/
6/
*
-53
19
19
-hi
-50
72lt
-20
-226
-566
191
282
-2B9
-872
-86
-715 6/
source:
2/
-100
-950
-115
n.a.
1959 (Est.)..
1958 -January.
February
-69
-kh
136
11.8
-27
30
183
1
.
-8
-91
•
-23
111
1
-30
2
Management and liquidating functions.
Secondary market operations.
See Table j
Total Includes estimated $300 million net sales by Federal intermediate
credit banks.
Preliminary.
p
Less than $500,000.
.
Treasury Bulletin
12
.CASH INCOME AHD OUTGO.
The cash Income and outgo data appearing In the
"Treasury Bulletin," beginning with the February 195^
Issue, are on a basis consistent with receipts froo and
payments to the public as derived In the 1957 and sub-
representing cash received from the public. Federal cash
borrowing from the public Includes net borrowing by the
sequent Budgets of the United States, Special Analysis A.
Treasury through public debt transactions and also net
borrowing by Government agencies and Government-sponsored
enterprises through sales of their own securities.
Reconciliation to cash deposits and withdrawals In the
It excludes changes in the public debt which do not rep-
account of the Treasurer of the United States Is shown on
The net
effect of all these transactions with the public Is
reflected In chan^jes In the balance In the Treasurer's
account and In cash held outside the Treasury.
the same basis as In the Budget documents.
There Is also
shown the amount of net cash borrowing from, or repayment of
borrowing to, the public.
By these arrangements, data In
resent direct cash borrowing from the public.
accordance with the Budget classifications are made avail-
Figures for back years have been
revised where necessary In order to make them as nearly
able month by month.
Cash transactions through the Treasurer's account are
similar In general concept to those Included In the Budget
series,
but are limited In coverage to transactions whlah
comparable with the Budget classifications as available
data will permit. For this reason certain of the figures
differ somewhat from those published In earlier Budget
affect the balance In that account.
documents as well as In the Bulletin.
authority, which are excluded from receipts from the public
On the other hand,
they Include receipts from the exercise of monetary
In the Budget series.
The Budget series of cash transactions Is designed
to provide Information on the flow of money between the
public and the Federal Government as a whole, and therefore
Beginning with figures for the fiscal year 1953, the
series of transactions with the public Is based on the
Includes transactions not cleared through the Treasurer's
"Monthly Statement of Receipts and Expenditures of the
Receipts and payments Include transactions both
United States Government," which Is compiled from reports
In budget accounts and In trust and deposit fund accounts.
Operations of Government-sponsored enterprises are Included
by all collecting and disbursing officers and Includes
those transactions not cleared throug-h the Treasurer's
account.
Cash deposits and withdrawals In the Treasurer's
In payments on a net basle as reflected In Treasury reports.
account.
Major Intragovemmental transactions which are reported as
both expenditures and receipts are eliminated from both.
account, beginning with the figures for the same year, are
reported In dally Treasury statements.
Noncash Items which represent accrued obligations of the
Government to make payments In the future are also eliminated
prior to 1953 both cash transactions series are based on a
single source, namely, the earlier basis of dally Treasury
from expenditures but are added later when actual payments
statements which reported separate classifications for
budget results, trust account transactions, etc.
are mace.
Receipts from the exercise of monetary authority
(mostly seigniorage on silver)
are
excluded
as
not
For those years
October 1958
13
.
CASH INCOME AND OUTGO
.
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In mllllona of dollars)
Net cash transactions with the public
other than borrowing
Fiscal year
or month
Federal receipts from
the public
Federal payments to the
public
Excess of
receipts, or
payments ( -)
Plus: Net cash
borrowing from
the public, or
repayment (-)
Plus: Becelpts from
exercise of
monetary
authority
Equals:
Change In cash balances
Treasurer's account
balance. Increase,
or decrease ( -)
Cash held outside
Treasury , Increase
or decrease ( -)
1951
1952
1953
53,390
68,013
1.5,797
67,961.
7,593
U9
-5,796
-505
1*3
71,1.99
-5,271*
1955
71,627
67,836
-232
-2,702
2,919
2,512
1,809
56
1951.
76,773
71,860
70,538
29
1956
1957
1958 p
77,088
82,107
81,855
72,617
80,008
83,328
'','*71
J., 366
23
2,099
1*9
-956
5
-1,1*72
-3,100
5,769
59
i*,159
197
1959 (Eat.)..
80,357
911,066
-13,709
7,620
60
-5,71*9
-280
1956 -January.
5,371.
6,377
-1,003
February
March
7,759
6,71*0
10,1.85
6,509
1,020
3,976
-2,111.
-1,101
888
1,682
68
30
187
April...
May
June p..
U,626
6,908
6,8lU
7,021
7,929
-2,188
2,686
1*12
91.
-111.
11,61.7
-96
-275
-357
3,619
-171.
3,782
6,553
7,911
7,593
-l.,128
-569
-l*,630
-65
.
-1,01.0
2,575
1,21.9
288
1959 to date.
10,335
15,501.
-5,168
2,006
-3,381
221.
.
.
July
August.
-36
-107
3,718
Source: Actual figures through 1952 are baaed on the dally Treasury
statement and thereafter they are based In part also on the monthly
stateBBnt of receipts and expenditures of the Government (for
explanation of reporting bases, see page II): estlmatee are from
68
73
1,839
-388
-2,299
2,096
-551
-312
331
-202
257
152
the Midyear Review of the 1959 Budget, released September 11, 1958,
p
Including effects of proposed legislation,
Preliminary.
Table 2.- Summary of Cash Transactions throu^i the Account of the Treasurer
of the United States
(In millions of dollars)
..
-
-
Treasury Bulletin
Ik
CASH mCCHE AMD OUTCO
Table 3.- Derivation of Federal Government Receipts ttom the Public, and Reconciliation to
Cash Deposits In the Account of the Treasurer of the United States
(In mllllonB of dollarg)
BeceiptB
Fiscal year
or month
Budget
(net)
1/
1951
61,391
1952
1953
6l»,825
6l»,655
195"*
Deductions from receipts
Less:
Intragovem-
Trust
account
2/
mental
transactions
(See Table 5)
55,36l»
Excess
profits
tax refund
bond redemptions
1/
Rece Ipte
from
exercise of
monetary
authority
Total deductions
y
'•3
1,97''
68
2,185
2,255
2,163
2,090
1,930
2,116
2,199
2,110
2,06l
29
2,739
23
W ,369
79,851
85,397
3,2lt2
1*9
2,763
3,290
7,796
8,807
8,929
9,155
9,536
70,198
73 ,75^*
73,811
69,926
Eeconclllation to cash transEquals: actions In Treasurer's account
Federal
Adjustment for
receipts Plus: Pecelpts
net difference
from the from exercise
due to reportpublic
of monetary
ing method (See
authority U/
also Table 1*)
56
73
53,390
68,013
71,'* 99
71,627
67,836
29
-210
llU
-107
23
U9
59
-281
179
60
1*3
68
56
73
1955
60,390
1956
1957
1958 p
68,165
71,029
69,083
11,685
16,326
85,1409
3, '•95
59
3,55''
77,088
82,107
81,855
1959 (Est.)
67,000
17,381i
8ii,381t
3,967
60
U,027
80,357
'*,786
820
1,69*
1,127
5,606
7,983
10,628
227
217
233
223
5,371*
7,759
132
135
1''3
10,1*85
507
1,331
2,131
2,066
i.,827
19''
201
li,626
7,056
12,818
I'll!
11*8
6,908
1,168
1,171
11,61*7
-IU9
-199
129
273
237
275
3,782
6,553
1958 -January
Fe tiruary ....
6,899
9,501
March
April
May
June p
3, '•96
'',925
10,751
2,9l>6
July
August
Source:
1,111
1,956
'',057
6,793
21*0
-32
J* 89
-486
1*67
Footnotes follow Table 7.
See Table 1.
Table 4.- Derivation of Federal Government Payments to the Public, and Reconciliation to
Cash Withdrawals from the Account of the Treasurer of the United States
(In millions of dollars)
Expenditures
Equals:
Federal
payments
Intra-
Fiscal year
or month
Budget
1/
Trust
and
deposit
fund
account
%J
Accrued
interest
mental
and other
to the
trans
noncash
public
actions
expenditures
(See
Table 5) (See Table 6)
govem-
Government
sponsored
enterprise
(net) i/
1,930
2,116
275
279
2,199
2,110
2,061
472
5T8
98
48,002
70,359
79,443
74,542
73,214
324
45
-627
76,299
82,439
87,350
2,739
3,242
3,495
943
-811
291
Peconclllatlon to cash transactions
In the Treasurer's account
Deductions
from expenditures
Less:
-5
-197
280
1956
1957
1958 p
66,51*0
69,1*33
71,897
9,436 1/
12,961
16,081
528
72,617
80,008
83,328
1959 (Eet.)
79,223
18,147
848
98,218
3,967
186
94,066
1958 -January.
February
March.
6,011
5,528
1,651
1,317
1,564
-441
-255
-291
7,221
6,590
7,021
227
217
135
618
-367
5,71*9
6,377
6,740
6,509
April...
May
June p.
6,122
5,846
6,581
1,479
1,363
1,574
-6
7,594
8
80
7,216
8,235
1,168
July
August .
6,613
6,198
1,786
1,412
80
77
8,479
7,687
273
296
237
-143
67,772
,570
61*
.
-366
-119
-435 6/
615
y
-257
312
1951
1952
1953
1954
1955
7'* ,27'*
From cash
held outside
the Treasury
45,797
67,964
76,773
71,B60
70,538
UU,058
65,U08
3,654
5,317
5,288
7,204 6/
8,546
Payments to the public not
Less:
reflected In the Treasurer's account
I
194
144
377
586
51
-862
202
From proceeds of sales
In the market of agency
obligations and public
debt securities (See
Table 7) S/
Adjustment
for net
difference
due to
reporting
method
(See also
Table 3)
.
October
mS
15
.
CASH INCOME AND OUTGO
Table 5.- IntraKOvernmental Transactions Excluded from Both Receipts and Paynents
(Id mlUlona of dollara)
Treasury Bulletin
i6
CASH INCOME AND OUTGO
Table 7.- Derivation or Federal Government Net Cash Debt Transactions with the Publ Ic,
and Reconciliation to Net Cash Debt Transactions through the Account of the
Treasurer of the United States
(Net borrowing, or repajnnent of borrowing (-); in mllllona of dollars)
CtiBziee
Fiscal year
or montb
In public debt and agencj obligations held by the public
Plus: Net sale of obligations
of Govermoent enterprises In
Public debt
Increase, or
decrease { -)
the msrlEet
Public and
October i95S
17
.CASH INCOME AHD OUTGO.
Footnotes to Table 3
1/
2/
^
Conalete of aelgnlorage on silver and Increnwnt resulting from reduction In the weight of the gold dollar; excluded from receipts from
the public hut Included In cash depoaite In the Treaaurer'e account.
Leas than $500,000.
Preliminary.
For further letall, •• 'Budget Beceipts and Eipendlturea, Taile 1.
For further aetall, eee "tru»t Account and Other Tranaaotlona," Table 2
Treated as noncaah refund deductions frc« receipta when Issued and
aa cash refuM deductions when redeeaed.
Footnotes to Table 4
i/
For further detail, see "Budget Receipts and Erpendlturea," Table 2,
For further detail, see "Truat Account and Other Transactlone," Tables 3,
It, anl 5.
Incl\«ieB net change In bala^icee In Govemnent-sponaorod
enterprise deposit fund accounts with the Treasurer of the Ohlted Statea.
Net operating expenditures, or receipta {-), as meaaured by funda provided
by or applied to net security transactions reflected In Treasury reports
{see Table 7). To a large extent, these Govemment-aponaored enterprises
secure funds for their operations by direct borrowing from the public or
by cashing Federal securities which they hold, and they apply the
net Income received from operations to repayment of borrowing from the
public or to InvestiKnt in Federal securities. On that basis, net
U/
^
6/
2/
p
eipcwllturee I'or operations are shown In this table In terms of the
combined net of disinvestment In Federal securities and aale of* agency
obligations In the market, and net receipts from operations are ahown
In terms of the combined net of Investment In Federal securities and
redemption of agency obligations In the market.
Not reported prior to 195**
Conalete of only those market transactlona not cleared through the
Treasurer's account.
See Table 7, footnote 1.
Does not Incliile revolving fund receipts representing acquired
securities amounting to $1,6U3,070 (par value).
Preliminary.
-
Footnotes to Table 5
1/
2/
i/
hj
Federal lnt«nisdlat« cradit bank franchiea tax through D«c«mb«r 19^6
and, beginning 1953, »l«o relmburaaaont by Panama Canal Company for
aipensaa end errlcaa.
Inclines r»lmbursem»nt by Fadaral Old-Aga and Survivors Insuranca
Truat Fund and Federal Dlaabllity Insurance Trust Fund for admlnlatratlva expanaas, ani also for rafinds of taias (traatad aa an
offaat to refunda rather than being cradltad to racalpta) beginning
with 1953 for the former and 1959 for th« latter; ralmburaamant
by Highway Trust Fund for refunda of taxas; ralmburaamant by tha
District of Columbia; payment of dlvldenda, Intaraat, ate, by
Federal National Mortgage Association's secondary market oparatlona;
and Federal intormadlate credit bank franchise tax and rapayaant of
capital stock to tha Treasury aftar Dacamber 1956 and bafora
January 1959.
Conalsta of payment of aamlnga and rapayBant of capital atock to
the Troaaury through 1952; uid payment of fraw^hlaa tax by bamka
for cooperativoa beginning 1955, and by Federal intaraadiata
credit banks beginning January 1959Incluias relatively small amounta of daductlona from aalarles paid
6/
by trust funds ani GovemBsnt-sponsored sntcrprlses. Beginning
with fiscal year I958 excludes deductions from aalarlea of District
of Columbia employees (see footnote 6).
Consists of payments to employees' retirement funds repreaentlng
United States and Government corporation shares of contributions;
payments to the Railroad Retirement Account (for creditable military
•errlce), the Unemployment Trust Fmid, veterans' life Insurance funds.
Judicial Survlvora Annuity Fund, trust fund for technical services
and other aeslstanco under the agrlculturel conservation program, and
Dletrlct of Columbia: and awards of Indian Claims Comnlsslon.
Includee psyiMnt by District of Columbia to the Civil Servlcee retirement fund for Ite share of contrlbutlone, and beginning with 1958
alao deductlona from Ite payroll; peyment by Railroad Retirement Board
to Federal Old-Age and Survivors Insurance Trust Fund; trensfers
from Civil Service retirement fund to Foreign Service retirement fund
except 1958 sctual expenditures; snd transfers from Railroad Itoemployment Insurance Admlnlstrstlon Fund to Unemployment Trust Fund through
1955.
less than $500,000.
P
PrelUilnary.
Footnotes to Table 6
1/
2/
y
Accrued discount on savings bonds and bills leee Interest paid on
savings bonds and bills redeemed.
Public debt interest due and accrued beginning June 30, 1955, effective
date of the change in accounting and reporting from a due and payable
baeie to an accrual baeia; for 195^, conalete only of public debt
Interest checks and coxtpons outstanding; net increase, or decrease
{-). Not reported ae a separate clearing account prior to 195^.
Treated as noncash expenditures at the time of Issuance of the
aecurltles and ae cash expenditures at the time of their redemption;
net Issuance, or redemption {-).
Issued In I936 in exchange for adjusted service certificates held by
veterans of World War I. The bonds matured in V^'^.
2/
£/
2/
p
Issued in 191*7 in payment for accumulated leave. The last of these
bonds matured in 1951*
Part of the United States subscription to the capital of the International Monetary Fund was paid in the form of nonintereet-bearlng
nonnegotlable notes payable on demand (see 19^*7 Annual Report of
the Secretary of the Treasury, pages 1*8, 350, and 385).
Checks outstanding leee depoeits In transit, and changes In other
accounts; net Increase, or decrease (-). Prior to 195** Includes
also public debt Interest due and unpaid (see footnote 2).
Less than $500,000.
Preliminary.
Footnotes to Table 7
In this table, beginning 195^, In accordance with treatment In Budget
documents, net Investment In United States securities by Govemmentsponeored enterprises includes a small amount by other enterprlaes
regarded as representing net transactions with the public. In Table I*
under "Trust Account and Other Transactions," these aaounta are Included In trust aai deposit fund account Investment.
Does not Include Investnents representing acquired sacixrltlea aaountlag
to $1,61*3,070 (par value) and donation of securities amounting to
$1*5,800 (par value).
Accrued discount on savings bonds and bills, which la Inoluded In the
hj
^
6/
if
*
P
prlaclpal of the public debt, leee Interest paid on savings bonds and
bills redeemed.
Treated as noncash transactions at the time of issuance and as cash
transactions at the time of redemption; net Issuance, or redemption
Eicluied from borrowing because the transactlona are treated as expenditures in Table 6.
£xcltxled from borrowing because the transactions are treated es deductlona from receipts In Table 3,
Market tranaactlons in public debt securities and agency obligations.
Less than $500,000.
Preliminary.
.
IS
Treasury Bulletin
ACCOUNT OF THE TREASURER OF THE UNITED STATES
,
Source and Availability of the Balance In the
Treasurer's Account
The account of the Treasurer of the United States
reflects not only budget receipts and expenditures
but
also trust, deposit fund, and public
debt traneactlona.
account to the tax and loan account In the ea.iie bank. On
to the extent authorized by the Treasury,
banks are permitted to deposit In these accounts proceeds
from subscriptions to public debt securities entered for
occasions,
The working cash of the Treasury Is held
mainly In
Treasurer's accounts with Federal Reserve Banks
and
their own account as well as for the account of their
customers.
branches.
As the balances in these accounts become
dethey are restored by calling In (transferring)
funds from the tax and loan accounts with
thousands of
commercial banks throughout the country.
pleted,
The tax and losm account system permits the Treasury
to leave funds In banks and In the oomniunltles In
which
they arise until such time ae the Treasury needs the
fumts
for Its operations.
Deposits to tax and loan accounts occur in the
normal course of business under a uniform
procedure
applicable to all banks whereby customers of
with them tax payments and funds
for the
CSovernraent securities.
In most cases the
involves merely the transfer of money from
In this way the Treasury Is able
to neutralize the effect of Its
fluctuating operations
on bank reserves and the economy.
banks deposit
purchase of
transaction
a customer's
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
of the Treasury for I955, pages 275-2S4.
Table I.- Status of the Account of the Treasurer of the
United States
(In mllllcna of dollars)
.
As Gets
End of
fleoal
year or
month
Treasury operating balance
Available
funds In
Federal
Reserve
Tax and loan
accounts iJi
special
depositaries
Gold In
Treasury
fund
Tatal
operating
balance
Silver,
coin, and
Unclassified
collections
currency
etc.
Banlie
1951.
1952.
1953.
338
5,680
5,106
3,071
1,01.6
7,061.
176
21.
1,009
6,liU8
191.
31.
981.
li,836
l',365
1.97
1955.
875
360
.,187
6,207
5,239
161
191
187
75
50
93
1956.
52?
i',633
1957.,
1958.,
1.96
U,082
8,218
ITA.
1957-Dec..
333
132
Uio
1.81
3,081.
U93
501
1*89
UOI
5,656
5,069
9,030
508
'.,072
159
190
259
399
'.,279
5,709
fcZ^lTlZ
"^^^''^"^
Beginning December
1951.,
^^
Poetasters' dlab^sl:^
1.1.0
365
166
0,51.6
6,69U
6,332
9,990
207
202
6,1.87
21.0
9,71.9
103
95
5,119
6,368
295
272
259
269
268
acco^tf Uee
Post Office Department and Postmasters'
5,590
9,71.9
1.38
302
6,076
Source:
Dnlly Treasury statement.
1/ Consists of Treasurer's checks outstanding, reserve and
other deposits
'"" ^°°"' =^'"«= ^"-'°. -"collected Uems!
eich^e etc.,
r'"L",°'
exchangee,
beginning December 195^; prior to that t<me
included
2/
1.1.7
21.0
U21
287
6,766
6,216 2/
6,275
279
1.01
6,712
6,037
9,990
37
37
1.9
;
l.,6ll
5,1.72
3,262
769
1U6
337
317
1.02
I.,
1.76
l.,6o6
'•,596
617
5U0
7,21.3
6,362
i8i
217
199
591.
July.
Aug.
520
500
270
k7U
5,551
5,526
9,030
'.,670
11,877
Apr..
399
7,357
6,969
1.26
3,686
21.7
1.01
512
5,096
369
227
3,752
uoi
7,1.81
1.63
31.8
2,727
398
'.,556
'.,730
31.3
511.
1.50
325
223
163
l»91
8,216
271.
7,871
Balance In
account of
Treasurer
of U. S.
60
1,767
395
356
1/
11.5
2,637
Ho
depositaries
Total
assets
83
U69
516
June.
250
355
210
Liabilities
In other
208
1956-Jan..
Feb..
Mar..
Kajr..
In Federal
Reserve
Banks In
process of
collection
52
33
1.32
361.
68
136
1.9
287
330
365
1.1.
26
270
359
355
105
5,222
6,1.63
3,505
'.,39k
6,130
disbursing accounts are no longer treated
as liability accounts
°^ ""^ """^^ S"tes, but are classified and
,i T*L In
,^^T"
treated
the same manner as other disbursing
accounts In
accordance with the change In method
of reporting Post ifflce
transactions (see Budget Receipts and
Expenditures," Table 2)
An adjustment of - $207 million
In the balance In the Treasurer's
account (and
the clearing accounf) reflects
this change.
m
October
mH
19
,
ACCOUMT OF THE TKEASUFER OF THE UHITED STATES
.
Table 2.- Analysis of Changes in Tax and Loan Account Balances
Fiscal year
or month
..
)
.
Treasury Bulletin
20
.DEBT OUrSTANDHG.
Table 1.- Summary of Federal Securities
(In millions of dollara)
Interest-bearing debt
Total outstanding
End of
fiscal
year or
month
Total 1/
1958 -January.
February
March
276,31*3
275,002
27l*,898
.
.
272,728
,679
272,621*
271*
81
101
103
101*
9U
275,71*9
275,057
275,653
276,1*1*1*
276,31.3
97
101
275,568
275,1*66
102
278,581*
2'^, 1*76
108
April...
May
June...,
275,151
July
Auguot.
477
460
444
430
272,874
104
2,025
2,024
841
746
437
272,877
273,061
271,051
272,777
272,959
270,948
100
102
1,778
1,721
1,677
1,777
1,720
1,676
609
733
562
576
725
669
435
433
432
273,51*0
27l*,126
96
101
1,611
1,623
1,646
1,610
1,622
1,646
514
274,798
273,447
274,030
274,698
665
690
618
431
433
430
274,011
277,058
273,910
276,951
101
108
1,557
1,526
1,556
1,525
497
481
632
427
425
272,977
107
276,U1.U
271., 555
1,068
618
101*
71*
270, 63U
272,751
270,527
,656
589
666
529
597
101
272,825
271*, 782
2,633
2,868
2,042
1,646
43
73
1.1.
271*
106
101
,634
,869
,042
,646
271,741
269,883
268,486
274,698
271*, 371.
1957-Deoeml)8r
,351
419
298
437
271,785
269,956
268,592
274,798
27l*,l*l8
1955
1956
1957
1958
52
Source: Dallj Treasury statement.
1/ Includes certain obligations not subject to statutory limitation.
For amounts subject to limitation, see page 1.
Excludes guaranteed eecurltlea held by the Treasury.
1^ Consists of Federal Bousing Administration debentures beginning
March 1953Special notes of the United States Issued to the International
y
Other
5/
2,370
2,242
2,125
2,350
27
1*6
Monetary
Fund 4/
1,283
1,274
1,302
1,411
252,852
256,863
263,946
268,910
271,31*1
1951*
teed
securities 2/ i/
252 ,879
256,907
263,997
268,990
29
255,251
259,151
266,123
Public
debt
teed
securities 2/
255,222
259,105
266,071
271,260
1952
1953
1951
Public debt
Guaran-
GuaxanPublic
debt
Matured debt and debt bearing no Interest
44
51
80
103
93
5/
,372
,244
,126
512
500
597
575
550
525
502
1,567
1,742
619
Guaranteed
securities 2/
(jnatured
Monetary Fund In pajnent of part of the Itolted Statea eubscrlptlon,
pursuant to provisions of the Bretton Woods Agreements Act. The
notes bear no interest, are nonnegotlable, and are payable on
demand
Incluies savings stamps, excess profits tax refund bonds, and
currency items. For current month detail, see "Statutory Debt
Limitation," Table 2.
Table 2.- Interest-Bearing Public Debt
(In milllone of dollars)
7
.
..
mS
October
21
.DEBT OUrSTANDHC-
Table 3.- Special Issues to United States Government Investment Accounts
(in mllllona of dollara)
Federal
Deposit
Inaurance
Corporation
End or flacal
year or month
Federal
Disability
Insurance
Trust
Fund
Federal
home
loan
banks
Federal
Old -Age
and
Survivors
Inaurance
Trust Fund
Federal
Savings
and Loan
Insurance
Corporation
Federal
employees'
retirement
funds
Government
Life
Inaurance
Fund
National
Elghvay Service
Trust
Life
Fu«l
Insurance
Fund
Postal Bailroad
Savings EetlrcSystem ment
Account
1/
Unemployment
Trust
Fund
Other
2/
U3,S50
868
888
8h6
892
835
1955
1957
1956
ii5,llU
673
16,027
718
ii6,2U6
673
325
996
165
18,610
103
103
112
1957 •December
"•5,799
6U0
580
50
18,519
83
7,31''
1,161'
587
51.0
1958-Janjary.
February
March
'•5, '•70
710
50
7,367
,538
5
,53''
5
7''
715
BlU
3,322
3,509
701
1,161
1,156
1,152
611.
7 IS
18,203
18,272
13,260
87
''5,959
1.5,810
617
677
,531
20
3, '.86
7,578
7,188
April...
May
June. ,
U5,1.U3
685
^8?
673
807
917
996
200
200
18,260
18,632
18,610
105
109
7,502
7,589
7,738
1,119
1,112
81t9
6,829
881.
,522
,511
3, ''51
''6,115
U6,2it6
3,U61.
6,891.
1,11111
822
5,665
3,531
6,671
113
116
120
July
August..
''5,877
073
1,027
1,112
165
165
18,300
90
1,136
3,58U
3,598
6,1.1.1
121.
9U
865
807
5,659
18,51''
7,611
7,905
6,529
127
1951
1952
1953
195^
1955
31*, 653
37,739
i-0,53S
Us ,229
.
.
.
675
'',391
5,01U
5,602
1,300
1,300
1,299
5,191
706
552
15,532
86
79
61
5,21.9
1.52
17,05''
SI*
5,85'.
1,23''
5,272
9'.
6,158
1,233
5,31.6
213
91
6,667
5,1.81
7,39''
1,217
1,200
l,lli''
UOU
822
5,570
5,665
3, '.75
7,738
12,096
77
50
50
232
200
18,239
52
^0
19, ''67
19, '•63
lit
200
200
165
,0U7
7, ''29
7,''83
112
Source: Dally Treasury atatement.
1/ Includes Canal Zone Postal Savings System.
Consists of:
2/
1,13''
5,1*36
5,653
2,l.lli
7,266
2,863
3,128
7,7'-5
13
9
32
3,31.5
8,287
8,02U
3, '.86
7, '.79
79
3,600
3,531
7,737
7,996
6,671
112
123
120
3,209
8,038
70
7,72l>
72
79
127
21.
Adjusted Service Certificate Fund (through December 1956),
various housing Insurance funds, and Veterans* Special Term
Insurance Fund.
Less than $500,000.
Farm Tenant Mortgage Insurance Fund (through March 1956),
Table 4.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amo'jnts In /nllllone)
Total interest-bearing securities
Computed annual
Interest charge
Amount
outstanding
End of
fiscal year
or month
Public debt
and guaranteed securities 1/
Public
debt
Public debt
and guaranteed securi1/
Public
debt
Computed annual interest rate
Public debt
Total
Interestbearing
securities
Marketable Issues
Total
public
debt
Total
2/
Bills
1/
Treasury able
Issues
bonds
Certificates
Guaranteed
securi-
NonmarketSpecial
issues
ties
iiZ
2.270
2.329
2.U38
2.270
2.329
1.981
2.051
2.207
2.OU3
2.079
2.251.
1.539
1.875
1.875
2.319
1.928
1.173
2.576
2.730
2.638
2.1.27
2.651.
2.707
2.51.6
3.197
1-033
252,852
256,863
5,71.0
5,982
5,981
263,91.6
6,1.32
6,1.31
268,910
6,300
6,388
6,296
6,387
2.31.2
2.1.38
2.31.2
2.351
2.351
2.576
2.730
2.638
1.509
1.711
1.399
1.560
2.327
2.317
1.75'.
2.31.2
1.638
2.1.1.0
1.81.5
2.U80
2.625
2.075
3.31.5
2.501.
2.1.85
2.1.82
3.330
2.806
2.576
2.623
2.659
2.720
2.751
2.789
2.606
2.675
2.821.
2.853
2.892
2.705
2.635
2.630
2.71.6
2.656
2.578
2.575
2.671
2.565
2.590
1955
252,879
256,907
263,997
268,990
271,785
1956
1957
1956
269,956
268,592
2 71., 798
268,1.86
6,952
7,328
6,950
7,325
271., 698
7,21.8
7,21.5
272,977
272,871*
7,678
7,876
2.889
2.889
2-965
3.510
3.699
2.866
2.505
2.875
2.639
2.619
2T^,877
273,061
271,051
272,777
272,959
7,793
2.860
2.778
2.725
3.192
2.652
1.988
3.699
2.861.
2.505
7,577
7,379
2.660
2.778
2.725
2.91'*
3.1.51
3.1.51
2.878
2.865
2.51.7
270,91.8
7,796
7,580
7,382
2.878
2.88a
2.885
2.639
2.638
2.637
2.621
2.620
2.619
April
May
June
273,51.0
273,l.'.7
7,326
271., 030
7,281.
,698
2.51.6
3.330
2.822
2.820
2.806
2.555
2.555
2.576
2.888
2.890
7,21.8
1.182
1.033
3.1.50
3.1.50
271.
2.679
2.658
2.638
2.612
2.578
2 71., 798
2.679
2.658
2.638
1.1.38
271., 125
7,323
7,282
7,2U5
2.892
2.637
2.635
2.630
2.613
a. 615
2.622
July
Ai^ust
2711,011
273,910
275,951
7,210
7,019
7,208
7,016
2.632
2.632
2.53'.
.951
2.53'.
2-53'.
2.371.
1.185
3.329
2.361
2.801
2.790
2.575
2.585
2.895
2.897
2.633
2.635
2.627
2.625
1951
1952
1953
1951.
1957 -December.
.
1958 -January....
February.
.
March
277,058
271,7''l
269,883
5,71.0
Source; Dally Treasury atatement.
Note: The computed annual Interest charge represents the amount of
Interest that would be paid If each interest-bearing ieaue outstanding at the end of each month or year should remain outstanding for a
year at the applicable annual rate of Interest. The charge is computed for each issue by applying the appropriate annual Interest
rate to the amount outstanding on that date. The aggregate charge
for all interest-bearing issues constitutes the total computed
annual interest charge. The average annual interest rate is computed
2.773
2.688
1/
2/
^
Uy
.81.3
2.555
2.51.7
2.606
2.6U
2.622
by dividing the computed annual interest charge for the total, or
for any group of Issues, by the corresponding principal amount.
Excludes guaranteed securities held by the Treasury.
Total includes "Other bonds": see Table 2.
Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
The annual Interest charge and annual Interest rate on United
States savings bonds are confuted on the basis of the rate to
maturity applied against the amount outstanding.
Treasury Bulletin
22
JEBT OUTSTMDIKx.
Table 5.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollara)
:
:
October 195H
23
STATirrORY DEBT LIMITATION
The second Liberty Bond Act ( 3I U.S.C. 757 b), as
amended by an act approved September 2, 195S, provides
that the face amount of obllgatlone Issued under authority
of that act, and the face amount of obllgatlone guaranteed
authorized as follows: $6 billion beginning on August 2S.
I954, and ending on June 30, I956 (acts approved August 2S,
I954, and June 30, 1955 ); S3 billion beginning on July 1,
1956. and ending on June 30, I937 (act approved July 9,
ae to principal and Interest by the United States (except
1956); and $5 billion beginning on February 26,
guaranteed obllgatlone held by the Secretary of the Treasury), shall not exceed In the aggregate 32S3 billion out-
ending on June
standing at any one time.
The corresponding limitation
195S,
1959 (act approved February 26,
30,
and
195S
).
Obligations Issued on a discount basis, and subject to
redemption prior to maturity at the option of the owner,
previously In effect, under the act of June 26, I9U6, was
are Included In the statutory debt limitation at current
$275 billion.
redemption values.
In addition, temporary increases have been
Table 1.- Status under Limitation, August 31, 1958
(In mllllona of dollnra)
Maximum amount of securities which may be outstanding at any one time under limitation Imposed by the act
of June 26, 19U6 (31 U.S.C. 757 b),ae increased temporarily by the act of February 26, 1958
Amo'jnt of securities
U. 3.
-o-
outstanding subject to such, statutory debt limitation:
Government eecurltiea issued under the Second Liberty Bond Act, as amended
278 Ohl
IO8
Guaranteed securities (excluding those held by the Treasury)
Total amojnt of securities outstanding subject to statutory debt limitation
278,156
Balance Issuable under limitation
So'jrce:
_^
1,8UU
Dally Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding August 31, 1958
(In millions of dollars)
Class of security
Public debt:
Interest-bearing securities:
Marke table
Treasury blUe
Certificates of Indebtedness.
Treasury notes
Treasury bonds
Panama Canal bonds
Total marketable
Nonoarke table
U. S, savings bonds (current redemption value).
Depositary bonds
Treasury bonds, investment series
Total nonmarketable
Special issues to Government agencies and trust funds.
Total interest-bearing securities
Subject to
statutory debt
limitation
22,U01
38,U87
20,665
87,631
169,183
51,85U
209
9,3'*1
6l,U0U
i*6,313
276,901
Matured securities on which interest has ceased
U77
Debt bearing no interest:
Uhlted States savings stamps
Excess profits tax refund bonds
Special notes of the United States, International Monetary Fund Series..
Ibited States notes (less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes.
Other debt bearing no Interest
619
Total debt bearing no interest.
Total public debt
Guaranteed securities:
Interest-bearing
Matured
l/
Total guaranteed securities
Votal public debt and guaranteed securities.
U9
1
669
Not subject to
statutory debt
limitation
Total
outstanding
Treasury Bulletin
zk
.DKBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding August 31,
1958
.
October /958
25
.DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest -Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding August 31, 1958
-
(Continued!
9
8
7
....
u
Treasury Bulletin
26
.DEBT OPBtATIOIS.
Table 2.- Offerings of Treasury Bills
(Dollar aaounta In mllllonB)
DeecrlptloQ of new Issue
Maturity
date
Amount of
bids
Nxnnber of
days to
maturity
Anouot of bids accepted
Total
tendecred
On ccmpetltive basis
On noncampetl-
1,1*11.8
1,1*09.7
1,1*11.9
289.9
290.7
288.1
1,555.9
1,609.6
21*1*
190.6
12U.1*
1,633.3
166.9
139.6
1,1*63.1
1,1*39.9
1,1*32.8
237.1
261.2
267.6
11*0.
151.0
177.0
1,1*79.1*
220.1*
239.1*
1,1*67.0
233.2
296.9
20.3
30.3
1,1*15.5
281*.
1,1* 1*1*.
255.6
29.7
23.2
tlve baa la l/
In
exchange
Total unmatured Issues
outatandtng
after new
iaaues
Amount
maturing on
iaaue date
of new
offering
Refiular weeklj bills
1958-ltoy
1
1958-July 31
Majr
8
15
22
29
Aug.
7
Aug. lU
Aug. 21
Aug. 28
June ^
June 22
June 19
Tune 26
July
July
July
July
July
10
17
2k
31
Aug.
7
May
Maj
May
3
Aug . lU
Aug. 21
Aug. 26p
Sept. Up
Sept. lip
Sept.lSp
Sept.25p.../...
Oct.
2p
91
91
91
91
2,801.5
2,653.3
2,63U.U
91
2,383.7
Sept. k
Sept. 11
Sept. 18
8ept.25
91
91
91
91
2,Ulll.9
2,1»50.0
2, 1171.8
2,1(71.0
1,800.2
1,700.2
1,701.0
Oct. 2
Oct. 9
Oct. 16
Oct. 23
Oct. 30
91
91
91
91
91
2,329.3
2,320.9
2,652.3
1,699.8
1,700.1
1,699.2
1,700.U
1,700.3
Nov. 6
Nov. 13
Nov. 20
Nov. 28
91
91
91
2,1*29.3
2,1*81.8
92
2,1*63.3
Dec. I>
Dec. 11
Dec. 18
Dec. 26
91
91
91
2,567.8
1959-Jan.
2,50ii.U
2, 593.'*
2,75l*.0
2,515.3
92
1,700.1*
1,700.0
1,800.8
1,800.2
1,700.1*
1,U02.2
1,700.0
1,699.2
1,799.8
1,799.9
2,635.6
2,575.6
1,800.3
1,800.1
1,800.1
1,799.8
2,290.6
1,800.5
2,51*9.5
2
1,701.7
1,U1*8.5
.8
251.5
1,1*1U.1*
281*.
1,511* .6
285.2
212 .2
1,527.7
1,565.0
137.9
110.8
22.9
131.3
21.7
22.0
230.2
226.8
1,700.6
1,699.7
1,709.5
1,800.7
1,802.2
22,1*15.7
22,l*l6.U
22,1*06.9
22,1*07.0
22,1*05.0
1,800.1
1,699.8
1,699.7
1,700.8
22,1*05.0
22,1*06.7
22,1*06.3
1,700.1
1,700.1
1,701.3
1,699.9
1,701.7
22,1*06.1
22,1*06.0
22,1*03.9
22, 1*01* .1*
22,1*03.0
22,1*05.1*
1,700.1*
22,U02.6
1,700.0
22,1*01.8
22,1*00.9
22,1*00.6
l,80O-.8
1,800.2
1,800.2
1,700.2
1,701.0
22,1*00.7
127.1*
1,1*1*0.3
235.3
253.7
356.0
359.5
11*3.1*
1,700.1*
22,500.6
22.599.7
22,699.1
1,561..3
236.2
131.6
1,699.8
22,799.8
l,l*U6.l*
1,1*1*1*
.1
33.0
31.6
Special bllle :
1958-Oct.
8p 2/
May
15
5,80U.6
219
2,735.1*
2,735.1*
On ccmpotltiTe bids accepted
On total bids accepted
Average price
per hundred
R<!fiulir
1958-May
May
May
May
May
weekly bllle;
1
Equivalent average
rate
^
High
Price per hundred
99.655
99.700
99.719
99.765
1.366
1.187
1.112
Equivalent rate
y
V
99.810
99.782
99.755
.752
.862
.969
99.71*3
1.017
99.800
99.71*6
99.71*6
.791
.997
1.163
1.005
1.005
.723
99.81*0
.81.1
.
..
99.71*6
1.006
99.803 6/
99.850
99.759
.633
.779
.593
.953
Julj 3..
July 10.
July 17..
July 21*
July 31..
99.806
99.76U
99.713
99.750
99.751
.768
.931*
99.815
99.793
.732
.819
1.136
99.721*
1.092
.961
Aug.
7..
Al«. 11*,.
Aug. 21..
Aug. 28 p.
99.706
99.615
99.521
99.UU8
Sept. l*p.
Sept. lip.
Sept.lSp.
Sept.25p.
99.378
99.358
Oct.
99.251*
98.023
3.250
..
.
.
2p..
Special bllle :
1958-Oct.
8p 2/
•
.953
.988
.981.
(Percent)
1.377
1.191
1.127
99.817
99.787
99.759
June 5
June 12
June 19
June 26
99.757 8/
99.767
Equivalent rate 3/
99.652
99.699
99.715
99.761
99.830
.930
.635
99.81*0
Price per hundred
1.302
1.175
1.068
.910
.585
99.671
99.703
99.730
99.770
99.852
8
15
22
29
^
(Percent)
(Percent)
.922
99.71*8
99.706
.91*5
.673
1.16U
99-729
2/
1.072
1.521*
99. 61*0 10/
1.1*21*
1.895
2.161
99.539 11/
99.1*69 12/
I.82U
99.696
99.602
99.512
1.203
1.575
1.931
2.078
99.1*36
2.207
99.1*00 li/
99.1*19
2.371*
99.1*01*
2.U61
2.359
99-31*2
2.601.
2.511
99.368 ii/
99.375
99.369
99.398
99.331
99.352
2.536
2.920
99.292
99.233
3.001
Source: Bureau of the Public Debt. Preliminary figures are from
eubacrlptlon and allotaient reports; final figures are on
"clearance" baeis In daily Treasury statement.
1/ Tenders for $200,000 or leas from any one bidder are accepted
in full at average price on accepted competitive bids.
Issued on a fixed price basis; for detalla, see page A-1.
3/ Banli discount baals.
t/ Except $200,000 at 99.750, and $200,000 at 99.722.
Except $100,000 at 99.709.
Except $2,000,000 at 99.820, $20,000 at 99.817, and $2,370,000
at 99.810.
1/ Except $550,000 at 99.800, $1,000,000 at 99.770, $215,000 at
99.765, $1,000,000 at 99.750, and $1*00,000 at 99.71*3.
57
2/
10/
11/
12/
li/
Ill/
1^
p
1^
2.298
2.500
2.1*1.6
2.770
2.1*96
2.382
2.61.7
Eicept $100,000 at 99.793, and *300,000 at 99.765.
Except $300,000 at 99.755, $600,000 at 99.751, $300,000 at
99.750, $25,000 at 99.71*7, and $200,000 at 99.71*6.
Except $210,000 at 99.706, and $1.00,000 at 99.696.
Except $350,000 at 99.51*5.
Except $200,000 at 99.539, $300,000 at 99.520, $650,000 at
99.502, and $100,000 at 99.1*90.
Except $300,000 at 99.521, $300,000 at 99.1*61*, $100,000 at
99.1*52, and $100,000 at 99.1.1.8.
Except $2,31*0,000 at 99.1*01*, $100,000 at 99.1.00, $100,000 at
99.390, and $100,000 at 99.380.
Except $50,000 at 99.358, and $50,000 at 99.321".
Preliminary.
October 19^8
27
.DEBT OPERATIONS.
Table 3.- Summary of New Money Financing through Treasury Bills
(Dollar aaounts In mllllona)
Description of leeue
taturltj
2g
Treasury Bulletin
.DEBT OPERATIONS.
Table 4.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Date
aubecrlptlon
book^ were
opened
Date
of
tBsue
Asiount Issued
Amount of
Bubacriptloaa
tendered
Description of security
Maturity
Cash 1/
Exchange
For
cash 1/
In exchange
for other
securities 2/
(In mllllone of dollars)
2/15/53
2/15/53
2/2/53
2-1/l.jl
Certificate
1 jr
8,111.
8,111.
5 yr
620
620
1./1/58-EA
5 yr
383
6/15/78-83
30 yr
2/15/51. -A
2-1/211 Bond
12/15/58
1./1/53
1-1/2* note
3-lA*
5/20/53
5/1/53
6/1/53
7/15/53
2-l/2)t Certificate
(tax ant. 2/)
8/5/53
8/15/53
2-5/8* Certificate
9/2/53
9/15/53
9/15/53
10/1/53
2-5/8* Certificate
2-7/8* Dote
1-1/2* Note
10/28/53
11/9/53
11/18/53
12/1/53
2/15/53
2/15/51.
2/15/51.
1-5/8* Certificate
2-1/2* Bond
1-1/2* Note
y
y
2/1/51.
y
I./I/5I.
5/'t/5it
5/17/51.
5/5/5'»
5/17/51.
7/2l/5lt
8/2/51.
Bond
2-5/8* Certificate
y
6/1/51.-B
1
25 yr
1 yr
9/15/51. -E
3/15/57-A
10/1/58-BO
yr
3 yr
5 yr
2-3/1.* Boni
9/15/61
7 yr
1-7/6* Note
2-1/2* Bond
12/15/51.-8
-
1.18
383
5/
1,188
1.18
JT
5 yr
5,902
2,788
1
I..721.
l.,72l.
2.997
121
2,997
121
I2.5I.3
1
2,239
8.175
8,175
10
1.71.8
1,71.8
9
1./1/59-EA
yr
7 yr
5 yr
7.007
11,177
119
7,007
11,177
119
2/15/59-A
1*
yr
9
12/15/58 i/
2/15/55-A
11/15/61
1-7/8* Note
5,250
8.687
3/22/51.-C
-
li
yr
8/15/5I.-D
1-1/8* Certificate
Certificate
1*
lii
1
5/17/55 -B
3/22/55-C
1 yr
8/15/55 -D la/
11/15/60
5/15/57-B
1 yr
6 yr
9,750
2,205
2,897
3.886
9,250
2,897
3,886
3,731.
(tax ant. 11/)
-
8/3/5'.
8/15/51.
8/15/51.
9/23/5^
lo/lt/51.
1-1/8* Certificate
2-1/8* Bond
1-5/8* Note
10/1/51.
1-1/2* Note
10/1/59-K)
5 yr
99
99
1-1/8* Certificate
1-1/1.* Certificate
2-1/2* Bonl
8/15/55 -D ii/
12/15/55-K
8/15/63
yr
1 yr
6 yr
l.,919
1..919
5,359
6,755
5,359
6.755
3/15/56-A
8/15/57 -c
2/15/95 15/
1 yr
2 yr
8,472
3,792
8,1.72
UO yr
1,921.
y
11/22/51.
8/15/51.
12/15/51.
12/15/51.
2/1/55
2/15/55
2/15/55
2/15/55
3/22/55
1-5/8* Note
Note
Bond
2*
3*
1./1/55
1-3/8* Certificate
Vl/55
1-1/2* Note
-
2
yr
!
7j m
3,558
3.806
3
8,190
1
6/22 /55-F
3.558
3.806
l.,155
3.792
1.921.
2?
in
7,938
3
»
3,989
8
m
10,620
2,202
1,720
821
3,210
(tax ant. 16/)
!>/
Note
5/3/55
5/17/55
2*
7/8/55
7/18/55
1-7/8* Certificate
7/U/55
2/15/55
3*
8/1/55
2*
5/17/55
2*
7/20/55
10/11/55
10/3/55
11/28/55
3/5/56
r
12/1/55
2-5/8* Certificate
1
12/1/55
2-7/8* Note
[
3/5/56
12/1/55
2-5/8* Certificate
2-7/8* Note
7/16/56
8/6/56
!t/
1 yr
3/22 /56-A
2/15/95 iS/
8/15/56-B 11/
1,1.86
1.U86
6.81.1
6,81.1
2.970
-
12/1/56-D
1 yr
9,083
-
2/15/57-A
6/15/58-A gi/
2 yr
2 yr
21./
B
2,283
U5 a
7,219
2,109
6
'./1/56
1-1/2* Note
lt/l/6l-EA
5 yr
11.1.
2-3/1.* Note
8/1/57-D
3/22 /57-B
1 yr
12,056
lO/l/61-EO
5 yr
2-3/1.* Certificate
(tax ant. 2^/)
10/1/56
1-1/2* Hote
12/1/56
3-lA* Certificate
12/1/56
(tax ant. 21/)
3-1/1.* Certificate
-
10,613
6/21. /57-C
^
3-3/8* Certificate
3-1/fe* Note
-
2/1U/58-A
.28,
5/15/60-A
l.WU
yr
[3 yr
1./1/62-EA
5 yr
5/1/57
5/1/57
3-1/2* Certificate
3-5/8* Note
U/15/58-B
2/15/62-A
yr
2,U37
7,1.89
(1
1-1/2*
Footnotes at end of table.
7,271
8,UlU
yr
13 yr
11
1./1/57
3.221
332
10/1/57-D
I
278
1,312
6i
a
3,171.
«
3
278
6/15/58-A
2,532
10^ B
8,778
2/15/57
2/15/57
I
yr
5 yr
2/1U/58-A1
5/15/60-Af
[
1
6/22/56-C
-
!t/
yr
198
198
3,171.
10/1/60-EO
3-3/8* Certificate
3-1/2* Note
f
1.0
6/22/56-B
[2/15/57
[2/15/57
I
5/6/57
5 yr
8/15/56-B 11/
7/16/56
8/15/56
11/19/56
3/18/57
2-1/1.* Certificate
(tax ant. 22/)
1-1/2* Roto
t
2/1. /57
Certificate (tax ant. 22/)
Note
10/1/55
!t/
-
(tax ant. 19/)
Bond
I1/I/60-KA
5,868
91.2
551
1.
(CoatlQued on follovlog page)
2,351
61.7
5/
October
MH
29
.DEBT OPERATIONS.
Table 4.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness - (Continued)
Date
Bubacrlptlon
books were
opened
Period to
Date
of
Issue
Description of security
-
Amount of
subscriptions
tendered
Maturity
Cash 1/
Amotmt Issued
Allotment
For
cash 1/
Exchange
In exchange
ratio
for other
securities 2/
(In mllllona of dollars)
7/22/57
9/16/57
6/1/57
8/1/57
8/1/57
3-5/8* Certificate
lijt
Certificate
It*
Note
12/1/57-1
8/1/58-c 20/
8/1/61 -A il/
r 8/1/57
Certificate
Note
Bond
8/1/58-c 20/
6/15/62 -B ii/
10/1/69
9/26/57
Uo/l/57
y
11/20/57
11/21/57
2/28/58
Il,61t8
1
h
9,871
10,U87
2,509
3,067
6,121
100
100
100
9,871
10,1187
933
2it/
2,000
657
35/
5
fll/29/57
1 12/2/57
3-3/11* Note
3-7/8* Bond
11/15/62 -C
11/15/7''
t
16
yr
yr
3-3/'tt Certificate -
12/1/58-D
1
yr
9,833
9,633
2/1I./59-A
1
9,770
2/15/6U
2/15/90
6
32
yr
yr
yr
9,770
3,851.
3,8511
2/1U/58
2-1/2* Certificate
Bond
3*
3-1/2* Bond
1,727
1,727
2/28/58
3*
l£/l/57
2/1I./58
-
8
yr
5
2/15/63-A
h
yr
yr
10
m
15,7'»1
3,971
5/15/85
26
yr
11
m
2,570
1,135
6A/58
[6/15/58
[6/15/58
1-1/U* Certificate
2-5/8* Bond
-
7/21/58
7/29/58
5iin
6,715
6
yr
8/1/58
1-5/8* Certificate
-
8/1/59 -C
1
yr
8/6/58
1-1/2* Certificate (tax ant. Ul/)
1-1/2* Note
3/2lt/59-D
10/1/63 -EO
5
yr
3-1/2* Note
11/15/59-B
1
yr
Source:
Bureau of the Public Debt. Preliminary figures are from aubecrlptlon and allotment reports; final figures are on "clearance"
baala In dally Treasury atatement.
1/ Consists of all public cash subscriptions and Bubscriptlona by
United States Government Investment accounts.
2/ For maturing securities exchanged for the new issues, see Table 6.
The
2-l/2% bonds dated February 15, 1953, were reopened with all
i/
the bonds of the aerlee Identical in all respects, as an exchange
offering for the 2-l/8^ notes which matured December 1, 1953.
Total exchanges In the two offerings amounted to $2,368 million.
U/ Exchange offering available to owners of nonmarketable 2-3A%
Treasury Bonds, Investment Series B-1975-80, dated April 1, 1951.
For further Information on the original offering see "Treasury
Bulletin" for April 1951, page A-1. Amounts shown are as of
September 30, 1958.
2/ The bond offering was made available for exchange of Series F and
C savings bonds maturing from May 1 through December 31, 19536/ Total allotments ai cash subscriptions were limited to approximately
$1,000 million. Nonbanlc subscriptions in amounts up to and including
$5,000 were allotted in full. All other subscriptions were allotted
20 percent. Commercial banks* subscriptions were restricted to an
amount not exceeding 5 percent of their time deposits as of
December 31, 1952. The Treasury also reserved the right to allot
limited amounts of these bonds to Government investment accounts,
which subscribed to a total amount of $ll8 million. Payment for the
bonds allotted could be made with accrued Interest at any time not
later than July 31, 1953Also
designated tax anticipation certificates, acceptable at par plua
2/
accrued Interest to maturity in payment of Income and profits taxes
due March 15, 195^+.
8/ Subscriptions foi' amounts up to and including $100,000 wore allotted
In full.
Subecrlptiona for amounts over $100,000 were allotted 67
percent but In no case less than $100,000.
Subscriptions
for amounts up to and Including $10,000 were allotted
2/
in full.
Subscriptions from mutual savings banks, Insurance companies, pension and retirement funds, aad State and local govemmenta
were allotted 2h percent. All others. Including comnorclal banks,
were allotted I6 percent but not less than $10,000 on any cce
subscription.
10/ Subscriptions for aaoints up to end Including $10,000 were allotted
in full.
All other subscriptions were allotted 22 percent but In no
case less than $10,000.
11/ Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to oatxn*lty in payment of Income and profits taxes
due March I5, I955.
12/ Subscriptions for amounts up to and including $50,000 were allotted
In full.
Subscriptions for amounts over $50,000 were allotted
l,U8li
U39
l,8l7p
7,387p
13,500p
8 m
5,962p
3,567p
m
2,686p
l,l8i»p
100
100
28/
•39
11 m
5/15/59-B
2/15/65
100
36/
31/
651*
8/15/66
3-l/'t* Bond
10/1/58
590
1,1113
lt/l/63-EA
6/3/58
10/10/58
llim
7,786
3,817
Bond
''/15/58
''/1/58
590
lljtt
100 22/
2,509
yr
'./7/58
!t/
12
yr
yr
yr
1
U
10/1/62 -KO
6/3/58
9/29/58
yr
yr
100
100
100
l-l/21t Note
1-1/2* Note
2-5/8* Note
i/
m
10/1/57
'2/l''/58
2/3/58
U
100
32/
uo/
1,817P
7,387P
100
13,500p
100
100
1
•O percent but In no case less than $50,000.
The I-1/8H certificates dated August 15, 1954, were reopened with
all the certificates of the series Identical In all respects, as an
exchange offering for the l-7/8?t notes which matured December 15,
195**, the 2% bonds which matured December 15, I95U, and the 2% bonds
irtilch were called for redemption on December 15, I95U
Total exchanges In the two offerings amounted to $8,^77 million.
lU/ Subscriptions for amounts up to and including $50,000 were allotted
in full.
Subscriptions for amoiaits over $50,000 were allotted 50
percent but in no case less than $50,000.
1^/ The 3it bonds dated February 15, 1955, were reopened with all the bonds
of the series Identical in all respects, as an additional cash offering
on July 11, 1955, for payment July 20, 1955- The total amount issued
in the two operations was $2,7^+5 million.
16/ Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of Income and profits taxes
due June 15, 1955.
12/ The 2^ notes dated May 17, 1955, were reopened with all the notes of
the series Identical In all respects, as an exchange offering for the
1-1/8* certificates maturing August 15, 1955. Total exchanges In the
two offerings amounted to $10,015 million.
18/ Cash subscriptions for $100,000 or less were allotted In full. Subscriptions for more than $100,000 were allotted 62 percent but In no
case less than $100,000.
19/ Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of income and profits taxea
due March 15, 1956,
20/ Subscriptions for $100,000 or less were allotted In full. Subscriptions for more than $100,000 were allotted 19 percent but in no case
less than $100,000.
21/ Subscriptions from savings-type investors totaled $7^9 million and
were allotted 65 percent. Subscriptions from all other investors
totaled $970 million and were allotted 30 percent. Subscriptions
for $25,000 or less were allotted In full. Subscriptions for more
than $25,000 were allotted not less than $25,000. In addition to the
amount allotted to the public, $25 million of the bonds were allotted
to Government Investment accounts.
Savings-type investors were given
the privilege of deferring payment for the bonds, provided that not
lees than 25 percent of the bonds allotted were paid for by July 20,
1955, not less than 60 percent by September 1, 1955, aal full payment
by October 3, 1955.
22/ Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity In payment of Income and profits tajces
due June 15, 1956.
2^/ Subscriptions for $100,000 or less were allotted In full. Subscriptions for more than $100,000 were allotted 32 percent but in no case
lees than $100,000.
Remaining footnotes on following pag«<
13/
.
.
Treasury Bulletin
30
.DEBT OPERATIONS
Footnotes to Table 4
2k/
2^/
26/
2jJ
28/
22/
^O/
^1/
32/
33/
^h/
3^/
The 2-7/8^ notes dated December 1, 1955, were reopened with all the
notes of the eerlea Identical In all reapecta, as a partial eichange
offering for the 1-5/8^ notea maturing March 15, I956, Total exchangee In the tvo offerlnga anwunted to $^,392 million.
Also designated tajc anticipation certlflcatea, acceptable at par plus
accrued Interest to maturity In poyioent of Income ai^ profits taxes
due March 15, 1957.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 29 percent but In no case
lees than $100,000.
Also designated tax anticipation certificates, acceptable at pax plus
accrued Interest to maturity In payment of Income and profits taxes
di» June 15, 1957.
The 3-3/8* certificates dated February 15, 1957, and the 3-1/2* notes
dated February 15, 1957, were reopened with all the certlflcatea and
notes of each series Identical In all respects, as an additional cash
offering on March I8, 1957, for payment March 28, 1957. Total laewe
in the two offerings amounted to $10,851 million for the certificates
and $2,U06 million for the notea.
Subscriptions in excess of $100,000 were allotted 31 percent for the
certificates and 12 percent for the notes. Subscriptions for $100,000
or less for both issues were allotted in full and subscriptions for
more than $100,000 were allotted not less than $100,000, In addition
to the amount allotted to the public, $100 million of the notes were
allotted to Govejmment investment accoxmtB.
The k% certificates dated Aug\iet 1, 1957, were reopened with all the
certificates of the series Identical in all respects, as an additional
cash offering on September 16, 1957, for payment September 26, 1957.
The total amount Issued in the two operations was $11,519 million.
Redeemable at thr option of the holder on August 1, 1959, on three
months' advance notice,
In addition to the amounts Issued in eichange, the Treasury allotted
$100 million of each Issue to Government Investment accoxmts.
Redeemable at the option of the holder on February 15, i960, on three
months* advance notice.
Subscriptions in excess of $100,000 were allotted 22 percent for the
certificates and 28 percent for the notee. Subscriptions for $100,000
or less for both issues were allotted in full, and subscriptions for
more than $100,000 were allotted not leas than $100,000. In addition
to the amounts allotted to the public, $100 million of each issue
were allotted to Government investsnent accounts.
Subscriptions for $50,000 or less were allotted In full. Subscrlptlons for more than $50,000 were allotted 10 percent but In no case
less than $50,000. In addition to the amount allotted to the public.
^6/
^7/
38/
39/
hof
Ul/
,
k2/
U3/
p
n.a.
(Continued)
$100 million of the bonds were allotted to Government Investment
accounts. Payment for not more than 50 percent of the bonds allotted
could be deferred until not later than October 21, 1957.
Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 25 percent to savings-type
Investors and 12 percent to all other subscribers, but li\ no case
less than $10,000. In addition to the amount allotted to the public,
$100 million of the notes were allotted to Government investment
accounts.
Subscriptions for $10,000 or less were allotted In fxill. Subscriptions for more than $10,000 were allotted 26 percent to savings-type
investors and 10 percent to all other subscribers, but In no case
less than $10,000. In addition to the amount allotted to the public,
$100 million of the bonds were allotted to Government Investment
accounts.
Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 20 percent but In no case
less than $10,000. In addition to the amount allotted to the public,
$100 million of the bonds were allotted to Government investment
accounts.
Subscriptions for $25,000 or less were allotted In full. Subscriptions for more than $25,000 were allotted 2U percent but In no case
less than $25,000. In addition to the amount allotted to the public,
$100 million of the notes were allotted to Government investment
accounts.
Subscriptions for $5,000 or less were allotted In full. Subscriptions
for more than $5,000 were allotted 60 percent to savings-type Investors, ho percent to commercial banks for their own accoiaat, and
25 percent to all other subscribers, but in no case lees then $5,000.
In addition to the amount allotted to the public* $100 million of the
bondfl were allotted to Government investment accounts.
Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity In payment of Income and profits taxes
due March 15, 1959Subscriptions for $100,000 or lees were allotted in full. Subscrlptiona
for more than $100,000 were allotted 59 percent but in no caae leas them
$100,000.
Subscriptione for $50,000 or less were allotted in full. Subscriptions
for more than $50,000 were allotted 35 percent but in no case less than
$50,000. In addition to the amount allotted to the public, $100 million
of the notes were allotted to Government investment accounts.
Preliminary.
Not available.
October 1958
31
.DEBT OPERATIONS.
Table 5.- Allotments by Investor Classes on Subscriptions for Marketable Issues of Treasury
Bonds, Notes, and Certificates of Indebtedness 1/
(In
lamw
Bllllou of
4ollar>)
Treasury Bulletin
32
.DEBT OPERATIONS.
Table 5.- Allotments by Investor Classes on Subscriptions for Marketable Issues of Treasury
Bonds, Notes, and Certificates of Indebtedness i/- (Continued)
(Is Billions of dollar a)
la sue
October 1958
33
.DEBT OPERATIONS.
Table 6.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
3^
Treasury Balletin
October 19^8
35
.DEBT OPERATIONS.
Table 6.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness ih/- (Continued)
Treasury Bulletin
36
.imiTED STALES SAVIM3S BONDS.
United States savings bonds were first offered In
of these changes appear In the May 1952 Bulletin, page A-1.
March 1935 and began to mature In March 19'*5. Series A-D
were sold between March 1935 B.ni the end of April 19'H,
and Series E, F, and d were first offered In May 19'*1.
Series F and
began to mature on May 1, 1953.
f*"" the
exchange offering made to holders of these bonds maturing
When Series E began to mature on May 1, 1951» owners of
the matured bonds were offered three options:
To redeem
the bonds In cash In accordance with the original terms;
to retain them with an extended maturity of 10 years at
specified rates of Interest accrual; or to exchange them
for Series Q bonds, A number of changes became effective
May 1, 1952.
The principal ones were:
The rate of
Interest accrual on Series E was Increased, especially for
the near term, with corresponding changes In extended
Series E; and Series F and
were replaced by two new
Issues, Series J and K, also at higher Interest rates.
A new current-Income bond. Series H, similar In Interest
return to Series E, was offered beginning June 1.
Details
throu^ December 3I, 1953, see the May I953 Issue, page A-1.
Sales of Series JandK were dlscontlnuedafter April 30,1957.
An Increase In Interest rates on Series Eand H was announced!
on April 20,1957, retroactive to February 1. Details of the'
changes appear In the May 1957 Bulletin, page A-1.
In
the tables which follow, Series A-F and J sales are Included
at Issue price and total redemptions and amounts outstanding
at current redemption values.
Series 0, H, and K are
Included at face value throughout. Matured bonds which
have been redeemed are Included In redemptions. Matured
F and G bonds outstanding are Included In the Interestbearing 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, 1058
(Dollar
afflo\Ata In
mllllonB)
.
.
,
October 1958
37
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollarB]
Accrued
discount
Amoxnt outstanding
Redemptions i/
Sales plus
accrued
Sales
price kj
dlscotAit
"iJ
Accrued
discount 5/
Interest-bearing
debt
Httiared tabt
Series £ and H combined
Fiscal years:
Vf^ 6/
'*,653
1955 S/
1956
1957
1958
5,225
5,260
U,70U
1,111
1,120
1,126
1,123
1,11U
1,133
1,161
5,7'*6
'1,670
5,831
5,176
5,187
68,773
31., 01.5
l.,69U
U,098
5, ''96
'',157
6,015
U,l.l.li
32,86k
3,622
3,625
3,909
6,1.81
l.,652
3,91.9
5,OU3
5,252
1,120
1,128
1,126
1,113
1,12U
6,167
U,e32
I.,l6l.
'',507
1,1''3
5,61.9
5, '.69
I.
1958-Jonuary
February
Marcb .
510
U07
116
626
87
88
U91.
518
379
396
April...
May
June ....
398
368
376
88
91
U86
116
July....
AugUBt .
1.18
115
91
61,969
3,296
19'tl-1951
1952
1953
li,06l
5,181
5,779
l.,038
6,3W
U,5l»U
31,169
3,583
3,538
3,791
3,909
6,37U
'.,730
i*,072
11,1.72
66,673
lt,U07
32,167
u,ooe
l.,3l'5
U,1.60
34,506
1.25
500
55U
636
658
716
715
3't,905
36,01.8
37,1.82
39,285
1.0,929
Ui,U98
1.2,
1U2
Calendar years:
63,520
3,575
19'>1-1951
1952
1953
'',368
•,889
5,368
195^
1955
1956
1957
1,181
1.76
531
535
70e
S't.TST
35,321.
36,663
38,233
668
772
1.0,063
1.1,398
1.1,578
1.63
55
1.1,686
292
333
87
1.1,801
63
1.1,
58
1.1,985
1.2,061
,697
Months:
1.18
.
369
.
506
1.92
U12
383
Ull
350
369
33
U2
533
'.17
362
U60
380
31.0
55
Ul
5,162
990
21
1,5U
1.1
2,071
81
128
159
162
1.59
9U
1.2,11.2
1.2,258
1.2,338
Series F, G, J, and E combined
Fiscal years:
191.1-1951
1952
1953
27,876
629
501
,
81.1
6/
1955 6/
1956
1957
1958
1951.
1,21.9
,
586
,
268
,
1.17
96
108
108
108
100
83
65
28,293
726
610
91.9
1,357
686
5,227
1,012
1,552
2,152
2,692
3,105
352
65
3,771.
28,633
686
5,771.
3,350
2,561.
2,91.6
3,612
3,226
65
23,066
22,780
21,837
20,579
19,060
16,566
121.
13,121.
9,81.2
55
219
312
335
331
Calendar years:
191.1-1951
1952
1953
wsi.
1955
1956
1957
28,169
1.61.
586
100
109
110
1.32
1,281.
907
51.2
1,391'
103
92
1,010
567
71.
172
76
22,659
21
59
98
138
167
160
22 ,616
21,01.7
19,1.39
22
17
9
10,657
10,513
1.66
10,31.3
375
187
6
16I.
1.
10,179
10,025
198
195
1.
9,81.2
331
208
203
150
5
9,655
9,516
316
306
929
1,968
2,526
2,636
5,696
908
1,909
2,1.28
2,1.98
3,1.22
l',153
3,255
1958 -January.
1.80
1.58
February
March ...
210
204
193
1.75
3,991.
17,861
11. ,895
10,896
11.3
619
571
681
698
Montha;
April
May
June ....
July
August.
153
.
Footnotes at end of Table
U
(Continued on following page)
195
3
1.0U
Treasury Bulletin
3S
.UNITED STATES SAVINGS BONDS.
Table 3«- Sales and Redemptions by Periods, Series E through K -(Continued)
(In millions of dollars)
Accrxifid.
dlacomt
Redemptlonfl 2/ i/
Sales plus
accrued
discount
Sales
price kj
^
Accrued
Discount
^
Amount outstanding ( Interestbearing debt)
Fiscal years:
191+1-1951.
1952
1953
195^
1955
1956
1957
1958
61,969
3,266
3,700
3,988
U,70l»
66,673
1,111
1,120
1,126
1^,377
l»,821
5, lilt
l*,319
31,169
3,583
3,532
3,765
l.,095
l»,219
1,123
l*,l*90
3,851*
l,lllt
l*,622
3,919
3,889
1,133
l,l6l
5,218
5,333
5,052
3,961*
lt,265
63,520
3,393
3,906
5,252
1,120
1,128
1,126
1,113
68,773
It, 513
l,12lt
5,01*9
32,167
U,008
31*,
506
1*25
31*, 875
500
551*
35,661*
36,1*58
U,236
636
658
716
715
37,186
37,898
37,969
38,067
31*, 01*5
32,861*
1,181
U,098
1.76
35,11*3
531
535
702
668
36,036
36,778
37,510
38,087
37,885
l»,032
l*,98l
lt.951
Calendar years
19U1-1951.
1952
1953
195^
1955
1956
1957
ii,oe3
11,192
U,llt2
5,031-
1*,1U1
5,11*9
5,301*
l*,l.o6
5,266
5,018
l*,689
3,622
3,609
3,871
3,870
I*, 021
5,220
l*,l*U9
772
1*1*3
55
87
l*,572
3,875
1,11*3
U05
335
336
U6
521
87
1*22
1*97
36I.
U21*
377
1*10
31*,
727
MontJiB:
1958 -January .
February
March
276
315
63
37,909
37,967
38,01U
April
May
June
322
299
297
390
339
335
58
33
1*13
397
368
395
38,027
91
116
353
1*2
38,067
July
August.
320
299
115
91
US'*
1*01
31*6
55
390
365
321*
1*1
38,100
38,126
.
Fiscal years:
1952
1953
I95U
1955
1956
30
360
665
1,130
30
360
665
1,130
1,01*1
1,01*1
1957
1958
691*
691*
196
782
782
236
6
26
55
108
Calendar years;
1952
1953
1951*
1955
1956
1957
Months;
1958 -January..
February
March .
.
.
182
182
1*62
1*62
866
1,177
901
631
866
1,177
901
631
105
105
72
82
April
76
Majr
69
79
Jme
July
August.
.
99
70
16
38
79
11*3
21*8
38,01*9
.
mS
October
39
.UNITKD STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In milllone of dollars)
Matured bonds
Unmatured bonds
Period 2/
Total
matured 5/
Fiscal yeara:
1951
6,137
5,109
5,621
6,515
7,251
1952
1953
195^
1955
1956
1957
1958
817
792
1,761
8,958
2,71*7
3,91.1
i.,263
i*,115
8,5^l>
3,730
7,81*6
Series
A-D
For
cash
38
779
90
31
,128
37
69U
1,126
18
.1*87
1,1*86
11*
,826
11
9
6
,917
,971
1,906
1,825
1,917
1,971
1,906
987
518
251*
1*7
968
702
Calendar yearg:
1950
1951
1952
1953
5,9*0
5,651
987
5,071.
1,015
2,318
3,171
6,11*9
195lt
6,985
7,301
1955
1956
195T
772
Feliruary
March...
April...
May
June..
..
July
August,
.
lU
l*,230
13
8,261*
i*,2l*6
9,630
U,156
10
8
998
590
600
1.96
Mod the:
1958 -January.
2U
378
358
605
551
610
291*
626
295
53'.
169
189
220
In exchange
for Series G
and K
Series
F and G
Total
unmatured
Salee
price kj
Accrued
discount
Treasury Bulletin
1^0
.OVmKRSHIP OF FEDERAL SECUBITIES.
Table 1.- Distribution of Federal Securities by Claeses of Investors and Types of Issues
(In mllllona of dollare)
I
7
..
.
.
U
5
7
U1
9
9
7
5
1
9
3
U
7
U
October 1958
\\
-OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par valuea l/ in billions of dollara)
Held
Total
Federal
aid of
i/
1939-December.
.
,,
tanks
Commercial
tanka
eecurltlCE
outatand-
montii
t>7
Held by private ncnbenk Investors
U. S.
Federal
Ke serve
Banks
Govenunent
InTestment
accounts J*/
Individuals i/
15.9
2.5
6.5
22.7
1.9
8.2
6.3
3.1
2.2
.U
16.1
17.3
2.5
2.2
7.1
7.6
22.8
23.9
10.1
10.6
2.6
2.8
7.5
7.8
6.5
6.9
3.1
3.2
2.1
2.0
.U
19.7
2.2
2.3
8.5
9.5
10.6
12.2
25.0
31.0
11.2
13.6
3.6
7.6
8.2
7.1
8.2
3.1.
3.7
2.0
U.O
.6
21.1.
37.7
53.0
17.8
23.7
9.1
8.7
.9
13.1.
11.
19.2
2U.7
.
19Ul-June
December.
.
55.3
6U.3
21.8
23.7
28.7
.
77.0
112.5
26.0
Ul.l
2.6
6.2
59.''
.
IU0.8
170.1
52.2
59.9
7.2
11.5
16.9
67.0
81.7
30.9
37.6
83.3
96.5
68.
19.1
100.2
U6.1
.
202.6
232.1
lit.
77.7
18.8
21.7
IH.O
53.3
259.1
278.7
106.0
115.0
81. .2
21.8
2I1.9
90.8
21. .3
27.0
128.2
136.6
116.7
108.2
97.9
93.8
.
279.8
269.9
259.5
71..
22.9
23.8
23.3
28.0
29.1
30.9
91.9
91.3
70.0
68.7
21.9
22.6
32.8
.
258.U
257.0
3U.I.
.6
21.1.
35.8
.
85.9
85.8
61.
.
252 .li
252.9
62.5
23.3
37.3
85.7
63.0
66.8
19.3
18.9
38.3
.
252.8
257.2
82.1.
December.
257.''
83.9
82.6
65.6
61.8
18.3
20.8
.
ig'iB-June
December.
19UU-J'jne
December.
19l*5-June
December.
19»*6 -February
2/
June
December.
19^7-June
December
.
.
19**8-June
December
r?l*9-june
1950 -June
December
State and
Corpora- local
tions 6/ governments 1/
18.
December.
19U2-June
December
Mutual
savings
banks
18.6
19.5
U8.5
50.9
19'*0-June
Insurance
companies
Savings
bonds
71.5
81.
.U
.
.
256.7
1951-June
December.
255.3
259.5
81.1.
58.1.
.
85.1.
61.6
259.2
.3
5.1.
.5
.7
3.9
10.3
9.2
11.3
I..9
l'.5
10.1
1.0
11.7
12.9
13.1
15.1
5.3
12.9
6.1
16.1.
1.5
2.1
.9
31.2
36.2
11.
17.3
19.6
7.3
8.3
20.2
3.2
17.1
21.1.
'..3
59.1
64.1
1.0.7
18.5
21.2
22.7
2U.0
9.6
10.7
23.3
22.2
5.3
6.5
135.1
132.6
130.7
61*.
1.3.3
21.. 1.
63.3
1.3.5
1.1..2
21..
11.1
11.5
11.8
19.9
17.8
61. .2
20.8
19.9
20.1
6.7
6.5
6.3
133.7
131.3
66.6
65.7
1.5.5
1.6.2
21.1
12.1
12.0
13.7
lU.l
7.1
19.1.
2U.6
23.9
130.7
129.7
65.8
65.5
1.7.1
18.6
17.6
22.8
21.2
12.0
11.5
13.6
1U.8
7.8
7.9
132.2
132.1
66.6
66.3
U8.8
17.8
17.0
20.5
20.1
11.6
11.
15.8
16.8
8.0
8.1
37.8
39.2
135.6
67.1.
1.9.9
66.3
U9.6
17.6
16.7
19.8
18.7
11.6
10.9
18.1.
131..
19.7
8.7
8.8
23.0
23.8
Ul.O
132.9
131.8
65.1.
1.9.1
6U.6
1.9.1
16.3
15.5
17.1
16.5
10.2
1.2.3
9.8
20.1
20.7
9.6
22.9
2U.7
UI..3
130.8
61.
.8
1.9.0
1.5.9
133.1.
65.1
1.9.2
15.7
16.0
15.7
16.1
9.6
9.5
18.8
19.9
11.1
135.0
137.3
66.1
1.9.3
61.
.9
1.9.
16.9
15.5
16.0
15.8
9.5
9.2
21.5
133.3
135.1
61.
.8
1.9.5
15.0
9.1
8.8
16.6
19.2
13.9
50.0
15.3
13.7
15.3
63.6
65.6
65.8
50.2
50.2
15.1.
11.
18.5
Ik.
15.6
11..
8.7
8.5
23.0
15.1
67.7
67.3
68.U
67.8
50.3
50.1
17.1.
17.2
13.3
12.8
8.U
8.0
17.1
18.2
15.7
16.1
1.9.6
18.8
18.7
12.6
12.3
8.1
7.9
17.7
15.1.
16.6
16.9
12.3
12.2
12.2
7.9
7.9
7.9
16.0
16.5
15.7
16.9
17.1
17.2
39.1.
1.2.9
1.7.8
1.9.3
21*.
15.3
7.3
9.1.
.
267.1.
8U.0
88.1
61.1
.
83.6
89.6
58.8
63.7
1.7.6
.
266.1
275.2
21..
December.
25.9
U8.3
195U-June
December.
271.3
278.8
88.7
1.9.3
91..
63.6
69.2
25.0
.
21*
.9
U9.6
87.1
86.8
63.5
62.0
23.6
2U.8
50.5
51.7
136.7
.
27U.U
280.8
272.8
276.7
80.8
23.8
53.5
.2
57.1
59.3
21.
.9
51.
.0
138.5
138.5
275.1
270.6
81.3
78.9
58.1
55.8
23.1
23.0
51.
.2
55.6
139.7
136.2
272.6
56.8
56.6
55.2
55.8
137.3
138.0
67.9
68.1.
1.8.9
1.8.8
.
80.2
80.1
81.6
23.1.
27'i.0
27'».5
55.1.
137.1.
68.5
1.8.6
19.0
19.6
19.9
.
27U.2
81.1.
1.8.3
.
275.0
67.8
67.6
66.8
19.1.
81.9
83.3
137.3
137.6
1.8.1.
271. .9
23.3
23.7
55.1.
.
58.1
58.2
59.1
19.3
18.6
12.2
12.1
12.0
7.8
7.6
7.6
15.9
16.5
16.5
17.2
17.3
17.0
58.6
59.3
59.3
23.3
23.2
23.6
55.1
67.1
67.0
67.0
1.8.2
27U.8
272.7
81.9
82.5
82.9
18.9
18.8
18.9
12.0
11.9
11.8
7.6
7.6
7.6
17.3
17.2
17.3
17.3
17.3
April
May
June
275.2
275.7
276 .U
86.7
87.5
90.0
63.0
63.3
23.7
11..6r
21. .2
7.6
7.5
.6
7.1.
13.3
17.1
17.0
16.9
July p
275.6
89.1
61..
7.1.
13.7
17.0
1952 -June
December
1953 -June
1955-June
December
.
1956 -June
De cember ...
1957 -March
June
July
August
September
October. .
November .
December .
,
1958-Januaj"y
February.
March
271..
.
81.
63
.1.
58.3
61.
23.5
23.3
21. .2
55.3
55.2
11*2.3
136.1.
1.9.1
1.8.2
.8
55.1.
137.7
136.9
55.1.
131. .5
133.3
132.5
130.5
66 .6r
1.8.1
66.1.r
U8.1
18. 5r
18. 3r
25.lt
55.2
55.8
55.9
66.0
U8.0-
18.0
11.8
11.7
11.7
21..
55.6
130.8
65.8
1.7.9
17.9
11.8
Source: Office of the Secretary, Debt Analysis Staff.
1/ United states savings bonds. Series A-F and J, are included at
current redeiiq)tlon value.
2j Securities Issued or guaranteed by the U. 3. Government, excluding
guaranteed securities held by the Treasury. For amounts subject to
statutory debt limitation, see page 1.
i/ Consists of coniDerciel banks, trust companies, and stock savings
banks in the Ifiiited States and in Territories and island possessions.
Figures exclude securities held in trust departments.
Holdings by Federal land banks are included under "Miscellaneous
iiy
investors" instead of "U. S. Government investment accounts" after
June 26. 191*7, when the proprietary interest of the United States
in these banks ended.
Includes partjierships and personal trust accoi^ta. Nonprofit
'2J
U8.2
1.8.1
18.6
15.1.
11.. 7r
Mlscellaneous
investors
t/ 8/
10.1*
12.0
12.7
11.
.U
institutions and corporate pension trust funds are included xnder
"Miscellsneous investors."
Exclusive of banks and insurance companies.
Consists of trust, sinking, and investment fimde of State and local
govemmenta and their agencies, and Territories and island possessions.
Includes savings and loan aseociaticns, nonprofit institutions, corporat*
pension trust funds, dealers and brokers, and investments of foreign
balances and International accounts in thia country. Beginning
Decemtar 19l*6, includes investments by the International Bank for Reconstruction and Development and the Intematicnal Monetary Fimd in
special nonlntereet-taarlng notes issued by the U. S. Governxusnt.
Immediate postwar debt peak.
Preliminary.
Revised.
Treasury Bulletin
1^2
.TKEASmi SORVEr OF OVWEKSHIP,
JUIJf 31,
1958.
The Treasury Survey of Ownership covers securities
Issued by the United States Government and by Federal
agencies. The banks and Insurance companies Included In
cial banks distributed according to Federal Reserve member-
the Survey account for approximately 95 percent of such
securities held by all banks and insurance companies In
bank classes and nonmember banks are published for June 30
and December 3I. Holdings by corporate pension trust funds
the United States.
Data were first published for
March 3I, igl+l, in the May igl+l "Treasury Bulletin."
Bulletin for quarters beginning December 3I,
Distribution of ovmership by types of banks and Insurance companies Is published each month. Holdings by commer-
are published quarterly and first appeared in the March IS^U-
Section I.- Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Far valtjea
-
In mllllcna of dollara)
igl^q.
)
,
October 195S
^3
.TREASURY SURVEY OF OWNIKSHIP, JULY 31, I958.
Section I.- Securities Issued or Guaranteed by the United States Government
Table 3«- Interest-Bearing Public Marketable Securities by Issues
(Par valuee
-
In
mlLHona of dollars)
Held by Investors covered in Treasury SuiTrey
Issue
(Taj status £/ Is shown In parentheses)
Total
amount
outstand-
6,509
commercial
banks 2/
^
ing
Treasury bllla:
Regular weekly
Certificates of Indebtedneae:
August
1958-C
UJ,
3-3/lt
December 1958-D
2-1/2 February 1959-A
1959-B
1-lA May
(taiable)
22
(taxable)
(taxable)
(taxable)
(taxable)
U,519
Total certificates of IndebtedJlsss
Treasury notes:
May
August
1959-A
I96O-A
1961-A
(taxable)
(taxable)
(taxable)
February
August
NoTomber
I962-A
1962-B
I962-C
(taxable)
(taxable)
(taxable)
1-1/2
1-1/2
February
October
April
I963-A
1958-BO
1959-BA
(taxable)
(taxable)
(taxable)
1-1/2
1-1/2
1-1/2
October
April
October
1959-EO
1960-KA
1960-BO
(taxable)
(taxable)
(taxable)
1-1/2
1-1/2
1-l/a
April
October
April
1961-KA
1961-BO
1962-EA
(taxable)
(taxable)
(taxable)
1-1/2
1-1/2
October
April
1962-EO
1963-EA
(taxable)
(taxable)
l-7/8)t February
3-1/2
It
3-5/8
k
3-3/U
2-5/8
Total Treasury notes
Treasury bonds:
2-1/Ujt September 1956-59
2-3/8 March
1957-59
2-1/2 December 1958
(taxable)
(taxable)
(taxable)
2-l/U
2-l/U
2-1/8
Juno
December
Kovember
1959-62
1959-62
i960
(taxable)
(taxable)
(taxable)
2-3/'i
2-1/2
December I960-65
September 1961
November 196I
(partially)
(taxable)
(taxable)
2-1/2
2-1/2
2-1/2
June
August
December
1962-67
1963-68
(taxable)
(taxable)
(taxable)
3
February
June
December
1961*
(
2-1/2
2-1/2
19614-69
I96U-69
taxable
(taxable)
(taxable)
2-5/8
2-1/2
2-1/2
February
March
March
I965
1965-70
1966-7I
(taxable)
(taxable)
(taxable)
3
1966
August
1967-72
June
September 1967-72
2-3A
2-1/2
2-1/2
2-1/2
li
3-7/8
3-lA
3-l/li
3-1/2
3
1963
taxable
(taxable)
(taxable)
(
December
October
November
1967-72
1969
197'>
(taxable)
(taxable)
(taxable)
June
May
February
February
1978-83
1985
1990
1995
(taxable)
(taxable)
(taxable)
(taxable)
Total Treasury bcnda
,lt03
9,833
9,770
1,816
3,886
517
mutual
savings
banks 2/
Insurance ccn^tanles
fire,
casualty
and marine
'9*1
307
life
U. S* Government
investment
accounts and
Federal Reserve
Banks
Held by
all other
investors
!t/
TRTCARII
October
mS
^
.TRKASURI SDRVET OF OVflinSSHIP, JULY 31, 1958.
Section II - Interest-Bearing Securities Issued by Federal Agencies but
Not Guaranteed by the United States Government
Treasury Bulletin
1^6
,
MAEKKl' QUOTATIOKS ON TREASURY SECUEITIES, AUKIST 29, I958.
Current market quotations shown here are over-the-
public marketable "securities Issued by the United States
counter closing bid quotations In the New York market
for the last trading day of the month, as reported to
Government except Panama Canal bonds. Outstanding
Issues which are guaranteed by the United States
the Treasury by the Federal Reserve Bank of New York.
Government ars excluded because they are not regularly
The securities listed Include all regularly quoted
quoted in the market.
Table 1.- Treasury BIIIb (Taxable)
(Regular)
Amount.
October 195S
^1
.MABKET QUOTATIONS ON TREASURY SECURITIES, AICUST 29, I958.
Table 4.- Taxable Treasury Bonds
Treasury Bulletin
KS
.MAFKKT QUOTATKWS OS TRRASOBT
u
o
a:
uj
^^
O
o
SJSCURIT I ES,
AOOOSr 29, I958.
—
...
.
. ..
.
.
..
.
.
October 1958
1*9
.AVERflGE YIELDS OF L0NC-TE3W BONDS.
Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(
Treasury
bonds 1/
Treasury
bonds 1/
Annual aeries
V^i
2. Kb
19^3
2.I17
19''''
2.1.8
19l»5
S.3T
2.19
2.25
1^6
19''7
Percent per anaum]
Moody's Aaa
corporate
bonds
2.83
2.73
2.72
2.62
2.53
2.61
-
2.1>1»
19^9.
1950.
1951.
1952.
1953.
2.31
2.32
2.57
2.68
2.9I1
2.97 2/
3.23
May
June
3.11
3.13
3.3'«
July
August
September
3.02
3.02
3.28
3.2U
3.29
July
2.98
3.16
3.11
3.13
October.
November.
December.
195tt- January..
February.
March
2.83
2.86
2.79 i/
2.69
2.62
2.53
2. US
April
May
June
2.5''
S.UO
3.06
2.95
1955-Aprll.
May...
June.
-
2.82
2.66
2.62
2.86
I
August.
September
2.91
2.95
2.92
3.06
3.11
3.13
July
August.
September
October.
November.
December.
2.87
2.89
2.91
3.10
3.10
3.15
October.
November.
December
3.11
3.08
3.10
195B-January.
February.
March ....
.
1957 -April
May
June
. .
2.86
March
2.88
2.85
2.93 i/
2.85
2.88
2.90
April.
May...
June
3.07
2.97
2.93
3.2U
3.28
3.27
April
May
June
2.89
2.87
2.89
July
August. .
September.
3.00
3.17
3.21
3.28
July
August
3.59
3.69
3.75
.
.
October .
November
December
2.5U
2.57
2.59 i/
2.87
2.89
2.90
October.
November
December.
3.20
3.30
1955->Ianuary.
2.66 2/
2.78
2.78 1/
2.93
2.99
3.02
1957 -January.
Fe bruary
March ....
3.31.
.
.
Ml
2.96
3.20
3.01
3.0U
3.05
1956 -January.
February
Moody's Aaa
corporate
bonds
2.90
3.06
3.36
3.89
2.55
2.8U
3.08
195^
1955
1956
1957
2.82
2.81
2.82
July
August.
September
February.
March. ...
bonds l/
averages of dally series
2.55 i/
2.U7
2.U8
2.52
.
Treasury
calendar year averages of monthly series
Monthly series
1953 -April
Moody's Aaa
corporate
bonds
3.itO
3.22
3.26
3.1*3
3.56
3.77
3.67
3.66
3.32
3.UO
3.58 i/
3.60
3.63
3.66 2/2/
3.99
u.io
It. 12
I4.IO
I1.O8
3.30 i/
3.81
2/
3.60
3.59
3.63
3.21*
3.28
3.25
3.20 2/
3.60
3.57
3.57
3.36
3.60
3.67
3.85
3.12
.
3.71*
3.91
3.73
3.57 2/
3.11.
.
3.67
50
Treasury Bulletin
.AVEJUGE YIELDS OF LONG-TEBM BONTC
October
mS
51
.HJTEKKAL REVENUE COLLECTIONS.
Table I.- Summary by Principal Sources
(In thouaanda of dollars)
Fiscal
Treasury Bulletin
.INTERNAL REVENUE COLLECTIONS.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
"DOLLARS
DOLLARS"
Billions
Billions
Total
1
DOLL
BilliO
75
Comparison
H.r-»
month fiscal
years 1958 and 1959
i
50
Fiscal Year
I
first
50
.
October 1958
53
.MDKETABY STATISTICS.
Table 1.- Money In Circulation
(In
mlUlona of dollare except per capita fl^igee)
Paper money
Bnd of fiscal
year or month
Total
money la
circulation 1/
Total
paper
money
Sold
certificates
SllTer
certificates
2/
1951
26,231
1955
27,809
29,026
30,125
29,922
30,229
1956
1957
1958
30,715
31,082
31,172
28,767
1957-rBO«mber
1958-January
Febniary
March .
1952
1953
195''
.
April.
notes
Federal
Reserve
Bank
notes U/
National
tank
notes J*/
23,1.56
21.3
2U,605
25,609
25,385
25,618
221
200
IBO
163
67
2,11.8
318
321
317
11.7
61.
2,162
2,200
26,055
26,329
133
29,071
33
33
32
26,31.2
120
62
59
31,83U 2/
29,T2l»
32
2,156
316
27,031
126
61
30,576
28,516
28,U97
28,600
32
32
32
2,010
2,026
25,986
125
25,91.8
121.
2,061.
301
306
309
26,011
123
60
60
60
2,U8
313
318
317
25,81.5
26,171.
26,31.2
122
2,198
2,200
2,172
2,170
311.
26,366
26,560
U9
30, 55^
30,666
30,565
29,0lt0
39
38
37
35
31.
28,1.90
28,901.
31,172
29,071
32
32
32
July
August .
31,171
31,371
29,061.
32
29,255
32
Bid of fiscal
jear or month
Federal
Re serve
318
318
318
320
319
28,359
28,127
28,372
30,99^*
.
ttoited
States
notes
2,092
2,088
2,122
2,135
2,170
27,31.8
June ....
May
Treasury
notes of
1890
i/
31".
121
120
118
81
77
73
70
60
60
59
59
59
.
,
.
39
5
)
.
Treasury Bulletin
5^^
.MONETAEY STATISTICS.
Table 2.- Monetary Stocks of Gold and Silver
(Dollar ajDOunts In mllllone)
Gold
End of fiscal
year or month
($35 per
fine ounce
Silver
($1.29* per
fine ounce)
Batlo of Bilver
to gold and
silver In
monetary stocks
(in percent)
1951
1952
1953
195^
1955
21,755.9
1956
1957
1958
21,799.1
22,622.9
21,356.2
1*,
116.6
306.0
lfi.8
1957*December
22,781.0
li,lB5.li
15.5
1958-JanuBry.
February
March.
22,783.5
22,686.2
U,209.3
22,39't.l
it,2itl.l
15.6
15.7
15.9
April
May
June
21,996.2
21,593.6
21,356.2
'',25''.
July
August,
21,209.9
21,011.5
'',309.1
23,3''6-5
22,U62.8
21,927.0
21,677.6
.
.
.
Source: Circulation Statement of mited States Money,
silver monetary stock see Table ''
3,922.'t
IU.6
13.9
lU.S
15.0
15.3
3, 99''.
15.5
3,718.5
3,768.5
3,8lU.3
3,863.1
It,
'•,236.2
U, 280.0
'1,306.0
'',313.1
16.2
16.5
16.8
16.9
17.0
Tar detail of
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
Liabilities:
Bid of calendar year or month
Gold assets
Gold certificates
Balance of gold In
Treasurer's account
etc. 1/
1951
1952
21,i562.5
21,5''5.7
1,032.9
1,008.2
U83.7
21,690.''
21,223.5
21,199.1
1189.0
''91.2
1956
1957
21,9''9.5
21, ''58.
''91.2
22,781.0
22,272.9
508.1
1958 -January.
February
Haroh...
22,783.5
22,686.2
22,292.2
22,287.2
21,992.1
'•91.3
April...
21,996.2
21,593.6
21,356.2
21,596.7
21,192.5
21,209.9
21,011.5
20,808.8
20,612.0
22,695.5
23,187.1
22,029.5
21,712.5
1953
WS"*
1955
May
June.
.
.
July
August..
Source: Circulation Statement of United States Money.
1/ Comprises (1) gold certificates held by the public and In Federal
Reserve Banks; (2) gold certificate credits In (a) the gold certificate
22,39''.l
22,178.8
20,9511.6
399.0
l'02.0
399.6
llOl.O
liOl.S
1»01,1
399.5
fund - Board of Govemore, Federal Reserve System, and (b) the redemption fund - Federal Reserve notes; and (3) reserve of $156.0 million
against Itoited States notes and Treasury notes of I89O.
.
October 195S
55
-MONETABY STATISTICS,
Table 4.- Components of Silver Monetary Stock
(In mllllona of dollare)
Silver held In Treasury
End of calendar
year or month
Silver outelde
Treasury
-r
Securlng silver certificates 1/
Sliver
bullion 2/
In Treaeurer*e account
Silver
dollare
Subsidiary
coin
1.7
3.9
6.3
U8.0
15.7
^
Bullion far
recolna^e U/
Bullion
at cost
Total
silver
at $1.29+
per fin©
ounce
Silver
dollars 1/
Subsidiary
coin
82.0 2/
191.3
3,7i«1.3
"•5.3
202.5
213.2
223.1
1,083.1
1,158.1
1,213.1
1,242.7
1,283.2
^
1951
1952
2,073.5
2,109.7
1953
195^
1955
2,li>0.8
2,19''.'>
301.0
289.3
278.3
267.6
253.5
1956
1957
2,208.9
2,212.9
236.3
219.0
2.3
8.2
62.9
92.3
252.2
269.3
1,338.2
it,06lt.i
l,lt02.6
li,l85.'>
2,215.6
2,215.6
2,219.0
218.6
218.3
217.5
16 .9
28.9
35.3
99.1
108.5
10U.2
269.8
270.1
270.8
1,U03.8
February
March
'•,209.3
l»,236.2
April
Ma;
June
2,226.0
2,226.0
2,228.3
215.5
105.5
119.0
131.5
272.7
273.9
27U.9
1,»'13.3
l,'tl7.9
l,li22.0
i.,25'..9
213.3
33.6
30.7
26.8
Juljr
2,230.9
2,233.1
211.3
209.5
131.5
131.7
276.9
278.7
l,li25.U
1,1.26.8
u, 309.1
25.8
2,171.1
1958-Januflry
August...
25.3
Circulation Statement of Ifiiited States Money; Office of the
Treasurer of the llilted States.
Valued at $1.29+ per fine ounce.
Includes silver held by certsln agencies of the Federal Government.
Source:
1/
2/
21lt.3
30.7
11.0
17.6
3
.3
•
^
U/
Valued at $1.38+ per
Valued at $1.38+ per
according to whether
sidiary silver coins
Less than $50,000.
235.''
1,''03.7
1,1*07.8
3,79't.l
3,837.0
3,886.6
3,930.1
11,21.1.1
1.
,280.0
306.0
1.,
.,313.1
fine ounce.
fine ounce or at $1.29+ per fine ounce
the bullion is held for recolnage of subor for recoinage of standard silver dollars
7
.
.
7
3
)
9
5
7
U
3
9
TreasuT}/ Bulletin
56
.MDHETAEY STATISTICS,
Table 5.- Seigniorage on Silver
(Cumulative from January 1, 1935
-
In mllllonB of dollars)
Sources of seigniorage on silver bullion revalued 1/
End of calendar
year or month
Seigniorage
on coins
(silver and
minor)
18.5
1935
1936
1937
1938
1939
li6.1
63.7
59.5
91.7
Newly mined silver
Misc. silver
(tncl. silver
bullion held
June Ik, 1931*
it8.7
lt8.7
Silver Purchase Act
of June 19,
Nationalized
silver
(Proc. of
Aug. 9, IS^k)
226.2
3ce.7
366.7
1.8.7
1.57.7
1.8.7
530.7
5
7
7
7
7
71..
87.3
122.2
182.1
1.8.7
562.7
7
U8.7
580.1.
7
wus
21'5.7
1.8.7
7
19''3
299.6
igkk
362.3
1.8.7
1.8.7
581..
58I..3
581. .3
7
19^5
lt29.5
U8.7
19116
1*91.9
1.8.7
19'»7
520.5
559.2
57B.7
U8.7
U8.7
U8.7
596.6
1.8.7
1.8.7
1.8.7
1.8.7
19118
19i<9
1950
1951
1952
1953
61.2.3
59U.2
71*2.2
792.9
807.0
839.6
890.3
1951*
1955
1956
1957
U8.7
U8.7
1.6.7
1.8.7
895.3
901.3
907.9
U8.7
.
April
May
June p.
913.2
917.9
920.0
1.8.7
J uly p
921.2
1956 -January.
February
March.
.
7
701.6
832.1
832.1
31..
83s
31.
.2
833.6
833.7
833-7
833.7
833.7
833.7
833.7
833.7
833.7
31.
.7
31..
.7
31..
.7
31..
31..
31..
31..
31.
.7
31.
.7
I.
.2
87.6
87.6
87.6
87.6
87.6
25.7
U8.3
63.6
87.6
87.6
87.6
87.6
87.6
65.5
66.5
65.3
65.1.
Potential
seigniorage on
silver bullion
at cost In
Treasurer s
account 2/
*
326.2
271..
1.22.1
397.5
508.1
616.0
705.6
51.1.6
759.1.
1,055.8
1,089.0
799-7
818.9
820.6
820.7
758.8
950.6
1,01.8.2
967.3
717.3
938.1
1,069.6
1,077.6
1,087.8
1,098.1
333.2
161.2
1U6.8
129.9
127.2
1,109.3
1,119.2
1,130.0
1,139.3
1,H8.1.
111.7
81.9
57.2
1,155.1.
11..3
156.
1,159.8
1,161.0
50.0
72.9
87.6
87.5
87.6
157.2
157.2
158.2
1,161.8
1,161.8
1,162.8
81.1.
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
31..
31.
Acts of
July 6, 1939,
and July 31, 19'»6
16.8
36.0
58.0
US.
igiii
igiio
Proclamation
of Dec. 21,
1933
Total
seigniorage
on silver
revalued
71..
81.
.6
93.5
101..
llU.o
125.1.
131. .7
11.3.8
150.8
155.2
31.
.9
6.6
79.8
833.7
833.7
833.7
31..
833.7
833.7
833.7
31*.
1,16U.9
31..
S7.6
87.6
87.6
160.3
160.
U8.7
161.0
1,165.6
80.9
92.5
97.6
1.8.7
833.7
31..
87.6
161.8
1,166.1.
101.9
1.8.7
1.8.7
1.8.7
Bureau of AccounteSource:
1/ These Items represent the difference between the cost value and the
monetary value of silver bullion revalued and held to secure silver
certlf Icatee-
3l>-7
31..
31..
2/
p
1,161. .9
80.6
The figures in this coluinn are not cumulative; aa the amount of
bullion held changes, the potential seigniorage thereon changes,
Preliminary.
7
...
October
9
3
MH
57
.CAPITAL MOVEMEMTS.
Data relating to capital movements between the
pages k'y-kj.
As a result of changes In presentation
Introduced In that Issue, not all breakdowns previously
United States and foreign countries have been collected
since 1935, pursuant to Executive Order 6560 of January I5,
193!^,
Executive Order IOO33 of February
S,
igl^g,
published will be exactly comparable to those now presented.
and
Treasury regulations promulgated thereunder.
Information
covering the principal types of data and the principal
countries is reported monthly, and la published regularly
Supplementary Information Is
In the "Treasury Bulletin."
published at lees frequent Intervals. Reports by banks,
bankers, securities brokers and dealers, and industrial
The first three sections which follow are published
monthly.
They provide summaries, by periods and by
countries, of data on short-term banking liabilities to
and claims on foreigners and transactions In long-term
securities by foreigners, and present detailed breakdowns
of the latest available preliminary data.
and commercial concerns In the United States are made
Initially to the Federal Reserve Banks, which forward
Section IV provides supplementary data In five tables
which appear at less frequent Intervals. Table 1, shortterm foreign liabilities and claims reported by non-
Beginning April 195'*>
data reported by banks In the Territories and possessions
consolidated figures to the Treasury.
of the United States are Included In the published data.
flnanclal concerns. Is published quarterly In the January,
April, July, and October Issues of the Bulletin. Table ^,
The term "foreigner" as used In these reports covers
long-term foreign liabilities and claims reported by
banks and bankers, and Table 3, estimated gold reserves
all Institutions and Individuals domiciled outside the
United States and Its Territories and possessions, the
official Institutions of foreign countries, wherever
such Institutions may be located, and International
organizations.
and dollar holdings of foreign countries and International
Institutions, are published quarterly In the March, June,
September, and December Issues.
Table U-, foreign credit
and debit balances In brokerage accounts, appears semiannually In the March and September Issues. Table 5,
"Short-term" refers to original maturities
of one year or less,
and "long-term" refers to all other
maturities.
A detailed discussion of the reporting
coverage, statistical presentation, and definitions
short-term liabilities to foreigners In countries and
areas not regularly reported separately by banking Institutions, Is presented annually In the April Issue.
appeared In the June 195*^ issue of the "Treasury Bulletin,"
Section I - Summary by Periods
Table 1.- Net Capital Movement between the United States and Foreign Countries
(in mllllone of dollars; negative figures Indicate a net outflow of capital from the united Statea)
Analysis of net capital movement
Calendar year
or month
Net
capital
movement
Changes in liabilities to foreigners
Short-term
banking
funds
WSS-Ul
Changes In claims on foreigners
Transactions
In domestic
securities
Short-term
,253.2
622. o
,273.5
3,661.3
532.5
1,207.1
3, 031. .6
1.85.9
626.7
1*6.6
1,591.9
90.1
19^3
1,179.3
igkii
1.52.8
I13I.I
220.1.
19^5
19t6
19^7
19'&
19^9
1950
,056.6
-803 .0
1,166.3
1,279.1.
-U18.I.
27.8
210.7
-113.1
21.7
-109.7
3'<5.5
51.7.2
19l<2
1.09.3
193.8
-2U.8
1,971.2
-37'* .3
1,260.6
1,162.8
637.1
1,175.0
586.5
1953
195^
1955
1956
1957
1956-January
February
March
.
.
April...
May p. ..
June p.
July p.
p
r
2I1I..7
,7''9.6
1951
1952
Preliminary,
Revised.
-752 .6
636.2
601.5
-100.0
1,026.8
-331* .2
-50.1*
-89.1
-192.2
75.2
-201.7
91*1. .1.
218.6
-221.6
657.U
-581..
311..
-11.5
72.0
11*9.3
-782.1.
1,367.3
1,102.U
1,270.2
682.1
685.2
-192.1*
1,1. 91..
1,338.1.
156. U
11*1.8
-908.3
-1,005.9
-9.6
-199.1
-152.8
-120.8
1,1.19.5
356.9
215.1
-25.3
-68.6
-235.7
173.7
183.3
-27.3
-128.2
111.1*
-IIU.9
-123.1*
-37.3
3.3
-161*.6
1,21*3.9
73.1
1,558.8
1,090.9
-61*9.0
-360.7
-269. 8r
-61.9
66.1.
81..1
-160.6
103. 5r
13.3
11*5. fir
-1*2.1
-23.1.
55.9
-79.1*
IUI..2
115.5
28.7
-1.1.7.5
-298.2
-200.1
-373. 3r
-38.5
-11.0.8
-38.6
.
.
.
8
.
3
6
3
29
5
9
5
Treasury Bulletin
58
.CAPITAL MOVHffiNTS.
Section
I
-
Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(PoBltlon at end of period In mllllona of dollare)
aiort-term liabilities to forelgnera
Short-term claims on forelgnera
Payable In dollara
Bod of calendar year
or month
Other
fore Ign
Fore Ign
official
19U2
U, 205
.It
2,2lilt.U
1,91*7.1
1*3
5,37'».9
Wltk
3,320.3
3,335.2
19''5
5,596.8
6,883.1
19''6
6,ii80.3
2,036.7
2,239.9
2,678.2
2,922.0
1*7
7,116.U
7,718.0
7,618.0
11,179.3
3,01*3.9
1950
1951
8,641. .8
1,832.1
2,836.3
2,908.1
3,620.3
9,302.2
3,5l»7.6
1952
1953
195^
1955
1956
1957
10,5116.1
ll,6U8.1i
19i»8
19''9
It
12,918.6
13,600.7
lit, 939.1
Payable In dollare
Payable In
fore Ign
Loans to
foreign bajoJcs
21*6.7
72.0
21.6
25.5
257.9
329.7
392.8
105.1*
1*73.7
1*0.6
708.3
2,972.7
2,262.0
2,91*7.0
l,86l*.3
1*9.7
70.1*
3,001.0
1,657.8
1,527.8
1,6U1.1
13.9
17.9
currencies
IU3.7
137.2
169.7
30.9
3U.U
100.3
319.6
21*5.0
1*7.5
290.5
98.1
U90.6
557.1
165.1*
100.1*
86.1*
51*
.6
91*8.9
292.9
361.2
222.7
151.1
1.91*.
3
110.8
l*U.9
1,018.7
827.9
898.0
506.3
21*0.6
72.2
968.1*
177.2
699.1*
91.8
1,581*.
61.1*
1,01*8.7
308.1*
1,629.1*
1*3.7
901*.
81*7.5
61*6.5
l*,335.l*
1,769.9
1,881.1
1*3.2
1,386.5
122.9
156.5
206.5
328.1
3,1*51.7
l*,0U1.2
,651. .2
International
Payable In
fore Ign
currencies
1*
,21.5.
5,666.9
6,770.1
6,952.6
1*,
8,Ol.5.lt
'*,726.5
51.0
1*0.3
969.0
1,056.5
1,390.8
1,675.3
78.1*
101.6
211.0
163.9
1/
7,912.6 1/
5,392.8 1/
5,665.3 1/
1,1*52.1
1*8.8
1,51*8.5
1,91*5.7
15, 151*.
1,517.3
59.0
2,229.5
1*06.9
8,017.3
8,117.8
8,016.3
5,652.3
5,673.3
5,718.5
1,618.8
1,U70.6
1,376.7
1*9.2
2,265.9
137.1*
1*8.5
2,21*9.2
2,303.3
1,771.3
1,780.9
121*.
70.5
363.6
353.3
366.1
1,761*.
February
March.
15,337.5
15,310.2
15,182.0
April...
15,058.7
5,61*7.2
1,373.'*
87.0
2,1*37.8
376.9
5,673.5
5,819.1
1,511*.
96.3
77.2
2,509.7
1*31.'*
1,1*1*6.9
2,1*89.5
1*65.1*
1,889.5
1,911.9
1,851.1
166.3
173.0
5,761.8
1,1*58.7
68.7
2,528.1
1*51.7
1,895.0
181.5
19 58 -January.
.
.
15, 2*. 3
June p.
15,260.2
7,951.0
7,920.2
7,917.1
July p.
15,375.8
8,086.6
Ha7 p .
Beginning in Ai^uet 1956 and a^ain In April 1957, certain accounts
previously classified aa "Other foreign" are Included In "Foreign official."
p
1*05.1*
11*9.6
11*7.3
156.3
171.1*
Preliminary.
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
{In millions of dollars; negative figures indicate a net outflow of capital from the united States)
U.
Calendar year
or month
and notea 1/
Sales
396.8 i/
1935-''l
191*2
161* .2
191*3
21*1.3
191*1*
191*5
513.6
377.7
191*6
Ullt.5
191*7
31* I*.
%
2/
2/
2/
sales
Net
purchases
.4U.4
y
357.7
20.9
-43.0
-34.6
-97.4
9,322.1
260.6
392.9
650.4
637.9
8,695.3
214.0
365.2
439-7
751.0
626.7
46.6
27.8
210.7
-113.1
367.6
226.1
369.7
354.1
666.9
432.1
376.7
514.1
375.3
664.0
-64.5
-150.6
-144.3
-21.2
2.9
782.1
570.9
652.2
784.1
2,011.1
1,116.3
659.9
844.4
708.9
1,066.6
-334.2
-69.1
-192.2
75.2
944.4
619.5
649.2
533.9
980.2
1,433.7
1,363.5
1,163.8
120.3
1.0
55.2
135.0
127.5
2,U7.6
-584.3
256.0
142.6
1,533.3
1,384.0
1,447.9
2,205.7
3,227.0
2,790.0
2,282.8
1,069.0
1,459.4
2,056.4
2,541.8
2,633.6
2,141.0
314.9
-11.5
149.3
685.2
156.4
141.8
430.2 i/
96.4
151.6
136.9
260.2
841.6 i/
75.5
194.6
171.4
673.6
533.7
646.0
800.9
,341.1
883.4
666.1
1,356.6
231.4
728.0
792.7
812.1
1,018.3
718.3
-683.0
302.3
-82.0
8.2
529.0
-135.0
-52.1
120.0
200.1
212.8
289.7
324.7
287.1
310.2
141.6
188.5
197.4
283.6
296.0
251.8
258.9
-21.6
35.3
51.3
739.8
650.2
589.1
1,115.1
1,561.2
1,619.5
1,306.4
.
U4.4
113.1
12.6
27.9
24.4
54.3
30.9
18.5
39.1
-3.0
5.9
15.2
65.4
73.6
74.6
73.2
81.2
89.0
-7.8
-7.6
-14.4
207.7
245.9
65.0
113.2
132.8
52.5
1.2
193.9
217.3
232.5
180.6
1U.4
.
79.4
47.4
248.7
95.4
82.5
311.3
-16.0
-35.2
-62.7
29.7
22.9
28.7
36.5
24.3
43.7
-6.9
-1.4
-15.0
74.8
94.2
107.6
89.2
99.8
109.2
-14.4
-5.6
-1.7
183.8
164.4
384.9
221.1
206.6
464.3
-37.3
-42.1
-79.4
159.6
136.5
23.1
24.5
33.1*
-8.9
139.2
124.7
14.5
323.3
294.6
28.7
1951*
1955
1956
1957
1958-January
February.
March.
April
May p....
.
JiOy p...
1/
'4
Sales
Net purchaaea of
domestic
aecurltles
108.3
1951
1952
1953
2/
-95.7 i/
25.7
70.7
245.3
-15.7
Net
purchases
Totivl
107.7
1950
p.
684.2
283.3
330.3
333.6
Net
purchase a
Total
purchase E
29"*.
282.4
430.
1,236.4
191*9
Jma
492.4 i/
138.5
170.6
268.2
393.4
Bonds 2/
-269.7
61.5
-47.9
96.4
942.1
191*8
.
Corporate and other
S. Government bonds
2/
2/
Through 1949, Includes transactions In corporate bonds.
Throi^ 1949, Included with transactions In U. S. Government
bonds and notea.
-.r
11.7
15.3
6.1
28.7
^
p
31*3.9
-9.6
13.3
January 4, 1940, throi^ December 31, 1941; the breajEdown between
stocks and bonds Is not available for earlier years,
Preliminary.
October 1958
59
.CAPITAL MOVIMENTS.
Section
I
- Sunmiary
by Periods
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In millions of dollars; negatlre fleures Indloat* a net outflow of capital from the
mited States)
U
8
U
U3
75
U
9
60
U
U
Treasury Bulletin
.CAPITAL MOVEMKNTS.
Section II - SunMary by Countries
Table 1.- Short-Term Banking Liabilltleo to Foreigners^
(PMltloD at aDt Of jarlad la alUloos of dollan)
Calendar year
Country
1958
February
1957
195^
1955
1956
273.2
99.8
260.8
296. It
116.9
3lt8.9
108.3
.7
.7
.5
.7
71.1
60.0
65.5
53.2
353.7
1,557.2
153.5
1,078.6
202.5
May p
April
June p
Julj p
Europe:
Auatrla
Bel^iuB
Chechoslovakia
Denmark
rinland
France
Germany, Federal Bepubllc of
Greece
Italy
Netherlands
Norvay
Poland
Portugal
Btioanla
Spain
•9.3
715.
1,080.6
626.2
1,372.5
112.5
578.6
1, U5lt.it
l,83lt.5
175.7
177.''
785.lt
2''9.3
163.7
929.6
133.7
103 .U
81.7
2.5
131.8
8.1
2.1
91.3
7.8
71.3
lOli.li
355.1
110.1
353.1
118.3
353.8
113.9
363.1
108.6
.5
.5
lltl.6
.8
H13.l1
.5
.5
112.5
.6
12lt.2
6U.8
59.0
lt9.7
113.9
U6.9
127.0
61t.5
309.5
1,588.0
115.7
1,052.9
28U.8
93.lt
130.7
61.3
51.lt
319.3
1,508.3
321.6
2lt9.9
300.9
1,5118.6
llt2.2
1,129.3
3lt9.5
1,066.2
323.1
,595.6
130.9
,133.9
1,1*65.2
15Jt.l
29lt.6
291.5
121.9
1,070.8
292.9
122.1
107.3
108.1
6.6
157.5
103.9
107.6
153
153.8
.8
.8
31*
30.5
28.3
253.6
833.1
11.8
268.2
812.0
10.8
1.0
1,098.2
315.6
l,lt9lt.O
156.5
1,078.5
101.0
3.8
161.0
66.6
3-3
137.0
llt2.1
lltlt.l
155.1
.9
Ii3.2
.8
.8
2lt.l
.8
.8
2I1.3
28.5
27.2
260.3
967.0
18.3
265.7
922.5
11.7
258.3
257.lt
251.0
90lt.l
875.1
12.1
81*5.1
.8
.8
.9
1.1
.8
l,2ltlt.l
1,260.1
1,021.1
1,060.8
1,059.7
6l0.lt
8.7
633.3
3.2
Sweden
Svl tzerland
Turkey
U.S.3.B
united Kingdom
lUl.O
672.
8.2
1.8
152.9
756.7
8.7
.7
.8
639.5
550.0
1,012.1
-7
1,275.1'
Yi^oslavla
Other Europe
8.6
358.8
13.0
197.1
17.0
276.9
3lt3.7
Total Europe
5,620.5
6,llt6.5
6,86li.9
1,535.7
1,032.2
1,515.5
l6o.lt
137.9
26.
llt5.7
lli3.lt
22lt.7
Canada
376.6
100.5
353.2
133.3
130.2
217.2
835.8
20.lt
It.
lt.it
12.8
6. It
lit.
6.9
7. It
5.lt
79 .2
570.0
5ltlt.O
8.5
523.1
7,llil.8
7,297.0
7,338.11
7,]2lt.8
7,068.6
6,959.1*
7,133.9
1,623.0
1,662.5
1,626 .U
1,661.9
1,789.2
2,000.8
1,962.0
136.8
26.3
132.2
75.1
152.9
136.9
lUli.3
139.9
22.9
llt7.0
23.0
125.1*
i35.lt
139.3
22.3
120.
78.2
125.2
137.3
25.1
117.7
126.2
73.5
128.7
235.1
48.1
65.8
10.6
It
6.5
Latin America:
Argentina
Bolivia
Brazil
Chile
Colctnhla
29.2
119.6
69.6
222.2
28.6
95.2
130.5
90.6
152.9
252.7
72.1
lue.o
116.2
76.9
22.0
138.6
77.lt
85.5
119.5
125.3
265.8
U9.6
62-5
261. It
28J.I
361.lt
239.0
61t.9
53.6
lt8.7
3't.5
lilt.
211.5
68.2
63.7
235.0
60.lt
65.lt
328.9
"113.7
It33.0
386.3
68.7
382.2
376.I1
379.3
it8.7
U6.6
68.6
73.lt
69.3
66.1
66.0
67.lt
Panama, Republic of
73.8
65.9
62.2
33.3
3i.lt
8lt.8
26lt.9
lt55.5
112.1
111.2
121t.li
71*9.0
i35.lt
85.6
709.2
152.1
137.3
62.3
36.9
81. It
770.5
135. li
30.U
90.3
193.6
12U.1
136.0
59.9
27.2
55-1
835.3
1I13.8
83.1>
109.3
83.6
25.5
73.3
II1O.5
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
85.7
92.2
23.9
65.0
Total Latin America
1,905.9
1,999.8
2,3115.7
2,575.1
2,51li.7
35.7
60.8
86.9
100.3
36.2
55.0
72.8
36.3
36.1
65.5
17lt.5
31.l<
36.6
35.5
66.2
76.5
185.7
19.7
Ul.O
52.8
893.2
87.9
252.0
38.8
Cuha
Dominican Pepuhllc
Guatemala
Mexico
Netherlands W. Indies and
Surinam
236.7
I18.8
53.3
63.7
63.9
331.6
7lt.2
36.1
62.2
13 1*.
20.9
277.5
53.6
59.1
321.9
67.2
138.1
7li.2
73.0
33.2
76.5
29.6
76.2
711.6
156.3
7li0.2
663.6
15I1.6
150.1*
11*2.2
2,1*73.8
2,551.7
2,U87.3
2,1*98.7
2,ll0e.5
36.2
65.6
3I1.6
35.9
6I1.I
86.
65.5
76.1
87.9
ltit.5
36.2
67.8
79.1
89. l»
52.2
lt7.1
1*3.3
83.6
83.7
6U.2
36.2
67.8
79.9
89.2
55.0
It9.8
I18.5
703.8
121.3
187.9
91.9
51.6
738.7
122.2
168.9
91.8
50.9
772.2
116.5
179.6
90.9
802.7
117.1
163.6
88.2
156.6
II1I1.8
1I16.5
lit7.8
367.I1
376.3
368.7
367.3
lliU.8
37it.7
2.0011.1
2,032.6
2,066.6
2,133.9
75.0
33.9
18.0
85.9
2lt.2
79.1*
Asia:
China Mainland
Hong Kong
India
Indooeala
Iran
Israel
Japan
721.
17lt.5
85.8
137.9
llt8.3
3lt3.'t
389.3
156.5
380.2
158.5
393.6
2.181.2
2,lil5.1
1,9116.3
2,010.5
75.1
8I1.2
8it.8
80.1
82 .U
77.lt
77 .U
ltl.5
iiU.2
39.3
39.I1
I15.8
53.6
50.3
52.9
itO.l
111.
Il2.2
37.6
35.6
lilt .2
llt9.0
i58.lt
38.5
155.8
ito.e
20.it
150.6
35.1
28.6
27.3
IWt.O
136.9
21.9
125.6
3I15.9
350.7
35I1.9
36U.8
3lt2.8
312. Ii
287.9
28lt.7
Total Aala
1,821.5
''7.7
I13.6
9lt.0
71.6
52.6
119.0
265.1
359.9
Total other countries
International
Grand total
1/
2/
50.7
858.0
119.0
60.5
123.1
32.7
ue.ii
99.lt
23I1.1
1*7.1
7lt.5
272.lt
Thailand
Other Asia
Other countries:
Australia
Belgian Congo
Egypt 2/
Uhlon of South Africa
All other
150.7
55.3
77.3
132.2
655.5
120.5
189.0
88.0
257.lt
3lt.3
82.
52.2
585.7
117.0
Korea, Republic of
Philippines
Taiwan
95.6
It5.0
69.7
1,016.5
1,769.9
1,881.1
1, It 52.1
12,918.6
13,600.7
lit, 939.1
1,517.3
15, 151*.
Liabilities to countries not regularly reported separately are published
annually In Section TV, Table 5, In the April Issue of the "Treasury
Bulletin."
Part of United Arab Republic (Egypt and Syria) since February 1958.
168.2
90.5
3I1.9
16.
1,1170.6
1,376.7
1,373.1*
1,511* .2
l,lilt6.9
1,1158.7
15,310.2
15,182.0
15,058.7
15,201* .3
15,260.2
15,375.8
Data on liabilities to Syria are reported annually, and appear
in Section IV, Table 5, in the April issue of the "Treasury Bulletin."
Preliminary.
. .
5
.
October 19^8
61
.CAPITAL MOVEMENTS,
Section
Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners
II -
(Poeltlon at end of period In mllllonB of dollare)
Calendar ;ear
1956
Country
195l»
1955
AuBtrla
.h
fielglun
19.6
•
C^echoeloTalcla,
Denmark
Finland
9.7
2.5
France
Germany, Federal Republic of.
Greece
Italj
If ether lands
IU.2
70.2
3.3
19-7
15.9
2.1
Norway
Poland
Portugal
Buaanla
Spain
•
.5
*
u.o
Sweden
Switzerland. .
Turkey
U.S.S.R
Ublted Kingdom.
.
Yi^oelavla.
Other Europe.
.
Total Europe.
Canada
1..1
16.2
110.7
173.5
1.3
It.
Uog.5
75.6
Latin Aaerlca;
Argentina.
Bolivia
Brazil
Chile
Coloabia
.
..
Cuba
Dominican Republic
Guatemala
Mexico
Netherlande W. Indies and
Siirlnam
5.6
2.5
273.5
lU.l
107.0
70.7
2.6
3.9
115.7
l.U
Panama, Republic of.
Peru
El Salvador
Uruguay
Venezuela
Other Latin America.
8.8
16.2
10.0
6.9
62.7
26.5
Total lAtln Aaerloa.
728.1
China Mainland.
Hong Kong
India
Indonesia
Iran
lerael
Japan
Korea, Republic of.
PhlllppUaes
Taiwan
Thailand
Other Aala
2.6
3.1*
"..9
.7
15.8
10.7
50.0
.2
7.3
5.'t
6.3
36.0
Total Asia.
Other countries:
Australia
Belgian Congo
Kgypt 1/
Ublon of South Africa.
All other
Total other countries.
International
Grand total.
11..1
6.3
1.0
5.9
9.6
37.0
1956
1957
Febriiary
April
Hay P
Jime p
Jul/ p
.
.
Trcasuni liullctin
62
.CAPTTM, MOVEMENTS
Section II - Sunimnry by Countries
Table 3.- Net Trnnoactlons In Long-Term Domestic Securities by ForelKnere
(
In (.hotianiida or
di llnj-tti
iin^ntlvn flHtu-nn liullontn iM»t aalaa by furalKHara or » nat outflov Of capital fTOB tha Utaltad Btataa)
Cnlftitdnr
J«ar
19^8
Oountirjr
l'i55
19^6
April
ITttbrunxjr
1957
MiV P
J\na p
Riu-op«l
Aunljin
ItnlMlm
-8,90j
768
-6
-213
U,311
25,355
9,886
838
18
-101
-88
-98
1,983
llB
-1,196
-59
1
-7oe
-37
758
^kl
-120,635
6,596
l,k96
-100
-23
-2k
Ik
-l«2,ll27
9.5k3
3,018
61
678
39,kl6
-k,921
1,280
-17
,339
-1,685
8,761
811
-6,89k
17,695
-3 ,680
IkB
557
Niu-wno'
l,li6li
li7,580
-<J«
-9
39
2,?61
19,0k6
37
k,k9k
-2,506
INt Ituul
17,977
6
1,603
-09
-j61
l|,0(>U
Ctfi<]lU)aluvnJtln.
•as
Dnnmiu'k
3»3
riiiliuid
-ne
p»d«r«l H«|iubllo of.
iiarnAjvy,
Umno*
-101
•616
IWly
NnUmrlivnila
-3''
rnrLiMnl
KiiniAiila
Boo
lUm In
-iHf
-l.cxA
Tt.'iiv
lli7,l'B7
:|Wr,lnii
UwlUfirluid.
Turkny
l.lil'i
ii.a.a.H
till tod Kltvfdia
YiiHonlnvln.
IMJioi-
TotJil
,
-ll*
Kui'oim.
77
,
UB,<»«
KliloiK....,
-IHO
•',37k_
U'9,H7
-51".
I122
-938
iO!
I>U
1.979
Ilini II
Clil lo
l'i>K>mt)lM
UiiitlDlotui Hflpublla
UiinlnnmlP
,..
Nntitorliuuln W.
Iiiillnii
Hopiiblto of.
1,655
157
35
-k25
1,186
-k,58l
-k,01k
k3
-807
17,83k
6,891
-k,972
-6,925
895
16B
157
-9
-81
Uk
176
k
25
3,U0
l,0k5
-•>
99
-68
19k
-7,19''
79
-635
-9,1*3
-7
-C7
27
-13
-12,kk6
9
7,6'.9
79,087
3,kr2
9,116
2, koe
5,297
-2';),7k8
889
-15
-153
-3,9bk
-23,197
18
1.'0
-165
1
-5
1
10,3110
23,161
7,196
3,6kk
-1,386
891,873
-It,ln8
~~32, 9g2
-B.357
-88,099
-1*.966
-15,796
-9,870
-105,385
1,855
-kk8
869
963
1,2'«
858
98
-kB5
-1
-158
81
71
-108
-28
21
130
6
-8
-27k
-78
-339
-103
-13k
U2
77
-380
k^'B
-k,H0
-23,727
-26,938
56
8k
-50
-772
1,786
110
161,019
-lt7't
865
53 ,677
-53
1,838
2,260
1,69U
j3, 7kO_
-62
^-7^8^
-60,k35
3
12
9,OB7
778
-tl,7lU
koe
2,a'B
1)
10
210
-2k
382
-31
78
-k8k
,«10
k,611
k83
982
602
kBl-
52k
-675
-358
6
-11
62
6k2
l,OkO
2
112
-15
-1,589
38
-29
l».723
U,339
J, OK.
-U9
Bou
-157
19B
-1,7B9
670
-57
-20
65
-350
fuid
-Uo
TolAl lAt\n Aawrlon,
•),093
57
II92
0,lt03
VaiMlvwl*
OUior lAttn Annrlon.
2,006
107
-im
IJitlvndiu-
irrurtUMjr
-892
-k25
a.is'fl
I'nro
Kl
-71k
-651
-),U7
:iiu'liuva
rniiniun,
k7
6,111
98,302
79
3,066
-1,B(>7
-256
2
1
-k7
:m 1,9)9
loO
1,110
i,7lW
1,U60
MnJloM
-39
-610
1,001
930
Ctiltn
31
-52
-Ik
Cnitntln
ll«.Mv 1«
-5
-1,810
.)
,Mi9
i
-16
^57
-k
-6kk
-k30
-82k
-5k
-836
89
-837
-908
-680
187
-957
-359
-3,707
-88,591
-87,831
-l.kSl
669
3,769
7,l»li5
•«6I>
33 .e»
6,U7
3,096
113.179
-1
12k
k,lB5
l,ke3
125
3,781'
36
k66
55
Anlni
iMihtn MntitLiuid.
UoivK Kiu^<
1
riui
lu'nnl
.Iitpni)
I'til i
I
Ipptltnit
wiui
-31
-69
-Ik
591
821
-7
-81
k
-8
9k3
-37
9
11
28
30
-6
-99
-1,181
116
Ik
-303
32
-78
-16
3k
-399
13
-23
k7
67
153
819
-8,335
1.9
-k53
-71.8
15,l'iO
-W,777
85
-85
-801
-k7
19
-ill
20
117
9k
88
9
-5?0
1.063
-785
1,751
8
706
1,096
-181
-1,69k
178
166
•68
15
8
-1,079
15l<
9U5
807
-k38
-756
-k93
-66
-i.;-'0
-11
Ktu'pn, l^ppvibllo of.
Tn
12
-230
688
5,300
789
5,5ek
-l40lt
JtOli
•>,J93
India
IndiUWnlK
58
B
.
-lltl
85k
15k
i
3
1
10
Aaln.
758
,857
6,0k8
5k5
9,577
1
OUitil'
kkk
-6kl
1,179
•69
-535
Tolnl
Antlt.
3, 1*51
a9,ifii
-l,lk6
k,6l0
-IkO
-9k9
71
85k
Aunti-nlln
Ba In Iwi CiVIAO
168
-SO
31.9
191
-17k
IB
5k
8
36
8
-813
1
810
38
128
-81
60
iMPt i/
77
-27
Ik
-7
887
10
101
7
k.Uk
kkl
3,lk9
-160
19
-58
-9
5
56
2
k8
k.38l
1T»3
105
-83
ei.TkS
-U7,W0
13k ,858
k,eo6
1,901
87,751
W6,3}1
lkl.776
m,k08
-37,85't
-Its, Iks
-79,375
Thni
Iniitl.
.
OUldr ooiutU'lvaj
tltlon or Uouth
Al 1 oUial-
Uriet.
Total otliar ootintrtao
Intpriwttlixwl
Orwul Tot al. ...•••»,,«•
^
^
5'tl
2,386
6,076
3,885
n.Tio
I''9,3l8
68;, 83:
Not rf<ly)rU»d aaparatoVy prior to Nfvroh ^i^k
I'art of tlUtnd Aj'nl. Heinibllo lKK>pt and Uyrla) elnoo fyhl'oai-y
Data oit tiniiaactl^ma hy :^rla ai-e not available aeparateljr.
I95B.
p
13,338
but ara Inoludad In
PrallBlnarjr
ioe~
Otliar Aala.
186
-36
5
-10
-2k2
-157^
.
.
October
.
iVJrt
63
.CAPITAL MOVEMENTS.
Section
Table 4.
(In tbouaandn
(jT
II -
Summary by Countrlea
Net Transactions In LonK-Term Forelftn Securities by Foreigners
dAlJLAria;
nagatlTB flanr^a Indicate nat aalaa
foreljptara or a pat outflow of capital
bjr
Calandar jaar
frf
tha Ubltad tftataa)
l^jg
CoiAtry
195k
1955
1956
f»laniM7
1957
April
Ma/ p
J«n» p
bo
-3,006
-37
-2,03*
Iiirep«i
Auatrla
telglvB
3,056
7,211i
C£«clio«loraJcla,
Dniaftrk
-567
-6,985
-3
-581.
2,1.02
106
52
*e
5,955
602
7,096
279
5,32*
-13
3.1.16
3,387
2,202
266
k,662
16,725
19,000
60
2,1.58
17,602
203,637
665
-3
25,57^
1,179
15,356
179
-*,670
1,260
1,351
3,991
-ek,8kl
5,''01
1,783
1,065
l.,585
-2'«,275
-992
Horva/
toLani
Portugal
Riaonla
BpalD
10,337
-20,090
-1,631
Svaden
SolUarlaad....
tvrfuj
U.S.a.R
Uilt«4 KlngdoB.
rinland
frvjicft
Genwa/, f»d«r*I Rvpubllo
of,
Ore«c«
Italy
K«Ui«rlaAd«
61
65
1,232
55
*0,200
887
21
-*96
357
-2
-1,57*
279
**
-8,61.1
316
-15*, 158
59
-16,662
-3,0<«
1,3*3
-1,966
-l,8kO
75,326
-10
61*
-*oe
72
239
56
1
-663
-1,218
27
163
4,
9,065
-95
-207
*,762
-10,627
3
k
761
-23)1
2eit
UU7
358
106
875
15
2
-13
1,020
-7
-285
390
66
-20
155
21.
92
-M17
33,620
-197
-1,332
1.95
519
-13
73
39*
1)1,233
19,591.
27,901.
28,660
5,789
17
-*
9,''63
-35,235
-59,218
3,909
1,790
35
-9
(a
-5
-65
23*
2,735
6,098
1,317
6,168
-10,**5
-1,791
-*,93e
-2,366
15,*10
1
TugoalaTla
Otliar loropa
121
-5
.
.
2,807
l,6li2
•250
61.8
-35,71.5
6
10,2*7
-162
36*
-1,81*
Total liropa
.
.
-9,U9
-^5,583
8,1.1*
231,066
•^3,98?
•g3,i6a
7,351
2,125
-«3,X7<t
7"t,15k
-W.7,l6e
-532,227
-93,3**
-36,*63
>Afi»
-eje
-1,556
-Ikl.
U8
13
-5
5,5W
8,697
283
103
76
1*
22
31
283
257
*ei
913
3,339
270
275
3*8
51
-323
5,763
3,621
1,058
21
6,262
-370
292
71
77
*U
-350
66*
5,3U
6,1.69
2,868
606
-782
1,*00
1.2
226
6,031
9,071.
-68
8,067
-350
-1*
*°?
-81*
523
-351
13,1.86
237
3,356
-1,186
2,87?
Othar Latin Aaarloa,
1,322
129
2,753
J130
117
12,179
LatU Awrlca.
32,760
Argaotlna.
BollTla...
Bral 1 1
Chlla
ColcBbla,
Cuba
DOBlAlcaji
2U
Dapubllc...
Guat9aala
Mazlco
I«th<rlajida W. liidlaa
8ur \rjim
1,961
-2
1
-2
-50
-5
330
217
*09
176
288
206
•U6
106
-2,310
15*
7
783
356
-IB
171
131
375
-100
59
3
3*
359
-753
*3
822
-577
*06
22*
2
2
93
206
193
1,535
*19
3,68*
3,966
5,028
1,678
-3
3
-k
2,17*
55
i
Paooa, Ramiblle of.
Paru
II Balrador
UruguDj
Vanaxitf la
Total
-6e
•122,636
.391.
1.87
-72
*6
-1,61.2
-6,01.5
-flfcl
9
580
-2,055
-5,55^
23,506
17,lg>
15,109
22
2,159
56
5,125
-103
2
3,537
1.36
70
3,205
-331
U.,1.90
-la
139
IM
-D<
129
1*3
19
72
-9
-53,086
-50,56*
•«,676
-2,7U
-3,079
-3,*23
-5».
677
52
*5
3
60
152
1,796
-1,671
95_
61
131
3
578
337
553
Aala;
CblAa Mainland
8cn« Icing
IMIa
IndcDaala
laraal
Japan
loraa, Rapubllc of.
Phlllpplnaa
Taiwan
-39,992
6,232
-i/
-*1,736
601
-13
-18
1,005
3
1,1*6
-28
1
1
*
-3,1*3
*k
10
-133
-1,91.9
21.5
659
58
51
220
358
U50
-25
-U
-1
28
Thailand. ..
Otiun- Aala.
-2,387
-657
-2U
-U,272
1,306
6,071
-525
-9,87*
-605
-3,096
-5,697
•2,105
1
-1,3*6
2
-1,321
Total Aala.
-3*,lfc9
•*8,725
-39,962
-*5,188
-3,157
-3,260
-3,360
-3,71*
•3,273
,850
-23,709
6,051
263
-306
5,633
1,221
1,995
1
115
-606
11
-25,505
9y^
-1*,*12
118
78
•g5
-160
195
-266
-9,676
Othar owatrlaa:
Aua&alla
U,0I>2
fiaUllan Oaatio
laxpt i/
tjblon of South Africa.
All other
11.
3
6
6
60
-19
-1
-5,61.7
•21,796
1.69
1,722
-31.3
6,805
-73
96k
53
7,1B0
-7,3oe
-16,1.28
12,880
2,0*1
-**0
-13,38*
•25,*70
-9,006
.
-163,666
a6,53*
-33,130
-363,7^
-12,593
-3,799
-U,06*
•155,721
-93,022
Grand total...
-300,366
-30,1.21.
-5U,oa.
-722,1*3
-i69,**3
-66,725
-65,605
-301,*52
-56,62*
Total oXbtfr cotastrlaa.
lutamatlonal
-102,239
I
\j
2/
lot raportad aaparataljr jirlor to March 1951..
I'arl of '*il>-ed Amb Naptjbllc
b^/pt «nd Bjrrla) al/jca rabjnjarjt
Data CO tranaactlona by iiyrla are not arallable aeparatal/.
1956.
(
but ara Included In 'Other Aala
prelljilnary
Treasury Bulletin
6l^
.CAPITAL MOVBffiNTS.
Section III - Preliminary Details by Countries
Table
I,
Short-Term Banking Liabilities to Foreigners as of August 31, 1058
(FMlUon
l7
In
Part of mited Arab Republic (Kgypt aod Syria) since relirttfiry 195?
Data on llabllltlee to Srrla are reported annuallj asd appear In
Section IV, Table 5, In the April Issue of the "Treasury Bulletin."
thwi—»)«
of dollars)
5
. .
October 19^8
65
.CAPITAL MuVBffiBTS.
Sectlon III - Prellninary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of July 31, 1958
(FoaltioB la *^~"J- of 4alUn)
ahort-taa elalas pajmbl* In
Total
lu
Collootlona
outatandlng
for ovB
aooonat «Bd
Totsl
CouBtrj
Short-taxm olalaa payaU* la foral^
iollm
for»l^
^nVt and
official
laatltBtlo
Sapoalt* of
raportlng
tlo
ottatn—ra vlth
foralcnara
Itiropai
Austria
Balglia
Cieohoalorakla.
yinlani
rranc*
a«raao7, Tadaral Bapubllc of.
Graaoa
Italj
latharlanda
9,070
25,016
9,069
388
1,31*1*
931.
1,1.77
5,311*
1
8,315
7,681
6,523
628
6,71*2
1,869
509
518
33
2,151
11,01.0
113
3,61*7
211.
11.8
718
2,567
1
,271
1,73'*
3,50U
1,565
7,896
17,719
71,137
67,107
351
1,281.
21.,
513
513
6,855
3,61.8
85,555
116,752
8,058'
81*
9U,97U
8,058
8,583
3,126
17,81.1
2,701.
i.6,8it9
I.
21,778
72
i.,509
1,679
15,7711
23 ,1.79
10,363
11,030
6,659
1,192
623
236
736
kh .U95
1*3,872
ormjr...
FoUod...
211,965
2'*,
2,791.
17,271*
l.,7Ul<
l.,7l.U
1,927
1,893
91*
2,722
1,063
1*20
Portugal.
Buaanla.
Spala. . .
517
866
239
l.,ll*l.
ii6,630
1*5,900
35,738
1,910
868
7,381.
730
Svadan
Swlttarlaod..
Turk*;
O.S.SJ(
Dbltwl Clnelai
TugoaloTla. ..
Othar Xuropa.
Total Kuropa.
729
1.97
31*
16,1*72
16,126
1,610
10,3U6
9,271*
31*6
21*, 019
358
8,581
4,881.
31,169
79,001
U,396
696
7,150
78,996
75,1*11
11
3,571*
110,523
38,892
19,1*90
3,955
11,761
3,686
71,631
l,17l»
1,105
5,351
5,01.8
226
786
3,078
879
973
5
69
303
668,767
562,6U3
180,651.
65,613
97,1*62
218, 91U
106,121*
278,860
212,890
31,997
116,201
6,758
57,931*
65,970
1*8,905
US, 871*
2,037
8,251'
2,776
2,776
216,155
61.
16,21.7
2,679
26,U96
11,176
39
21,1*81
32,978
25
105,650
10,575
17,578
11*, 089
15,862
Latin taarlcai
Argaatlna.
BollTla...
Brazil....
Chile
ColCHkla.
Cuba
Scslnlcan Republic
Guataaala
Hailoo
atherlanda West India* and Surlnaa
60,898
60,81*1.
5,605
8
67,762
20,858
15,810
10U,685
10,852
101*, 303
52,73't
216,191*
1*9,312
1*9,312
2,683
10,851
8,U86
239,119
2,662
Faniaa, Bapnlillo of
22,596
22,591*
Paan
II Salrador
30,ll*U
6,881
30,116
6,881
tZruguay
1*2,1*10
1*2,1*05
138,231
55,215
8,1*90
21*0,993
089
71*,
63
6,703
5,975
21,618
7,576
679
52,367
1,159
2,818
1*55
1,1.66
1*
68,718
25
1,871*
1,773
7,615
3,072
2
136,533
55,06U
30,768
15,756
2,986
15,789
3,283
2,706
52,501
25,006
1,01*1,265
1,036,995
277,981
188,196
220,985
2,1*75
2,"* 75
2,1*75
6,376
6,353
i.,591
3,313
165
687
,821.
2,331.
3,831*
i*oe
1*01
7
31,056
30,1*1.1.
1,600
Israel
Japan
Korea, Republic of.
Philippines
Talvan
17,829
225,069
1,830
37,577
5,569
17,829
223,385
1,830
37,561.
2,757
108,056
177
36,106
5,569
5,i.6U
Thailand
Other Asia
16,18U
lilt, 305
16,181.
111.,
187
Total Asia
1.63,1.96
1.60,812
11,758
6,505
2,365
Tenet uala
Othar Latin Jtaarloa
Total Latin Aneorloa.
l*,591
339
l*,605
5"*
382
1
6,31*1
23,91*5
1,1*35
125
2,121
187
18,030
16,938
3,651
17,710
31
1
28
17,061.
5
36,326
10,651
1,698
151
.633
1..270
19
583
23
233
31*9
Aala;
China Mainland
Bong Kong
India
Indonesia
Iran
I*
9
1
391.
1*9
28,706
89
612
500
1,211
23,628
13,361
87,727
1,681.
3,971*
1,653
29
781.
61.
13
58
U7
11,33"*
62,1.86
16
2,31.8
37,917
12,1*97
2,U86
1,287
118
233,91*0
'•3,181
77,1*1*7
106 ,2U
2,681.
3,809
5,588
,011
16
1,150
122
61
605
Other countries:
Egypt 1/
Union of South Africa.
All other
39,''55
10,608
6,U8l
2,106
39,370
15,670
Total other countries.
Australia
Belgian Congo
182
l'*,775
877
1,361
31,622
676
3,036
7,136
10,260
783
259
85
B95
75,753
73,31*0
31*, 718
3,611
26,935
8,076
2,1*13
2,526,11.1
2,31*6,680
759,290
1.16,802
1*29,587
71.1,001
502
7
Inteonatlcnal
Oraad total.
1/
Part of United Arab Republic (Egypt and Syria) since
February 1958. Data on claims on Syria are not available
21.
66
October 1958
67
.CAPITAL MOVBffiKTS.
Section IV - Supplementary Data by Countries
Table 1.- Short-Term Liabilities to and Claims on Foreigners Reported by Nonflnanclal Concerns
(PoGltlon at end of period In thoustti^s of dollare)
V
6«
October 1958
69
.CUMULATIVE TABLE OF COHTEWrS.
November 1957 through October 1958
-
(Continued)
Isaue and page number
1957
1958
Mar.
Apr.
May
JiAe
July
Aug.
Sept.
Qvnerahlp of Federal eecurltlee:
Distribution by claeeee of Investors and types of Issues
Net market purchases or sales for InTestnifint accounts handled by
the Treasury
Estimated ownership
Treasury survey of ownership of Federal securities:
Ownership by banks. Insurance companies, and others
Ownership by commercial banks classified by membership In Federal
Reserve System (latest date June 30, 1958)
39
37
38
38
U3
38
39
U6
39
UO
37
38
38
39
38
39
U3
UU
38
39
39
UO
U6
U7
Ul
39
UO
UO
U5
Uo
Ul
U8
"•5
39
U6
1.5
•3
50
U8
"•7
•5
52
50
1.8
1»6
53
51
U9
1.7
51*
52
50
51
1.8
U8
1.9
1.9
55
56
53
5U
U2
U6
Ul.
Market quotations:
End-of -month closing quotations on Treasury securities by issues...
Chart - Yields of Treasury securities
UO
Ul
uu
U6
U9
51
UU
U6
U5
U7
52
5U
50
U7
ue
52
53
U7
U8
U8
U9
55
56
53
5U
U9
5U
50
55
U9
50
50
51
57
58
55
56
52
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 pr tnc Ipal sources
Chart - Internal revenue collections by principal sources
Detail of coll-ctlone by type of tai
Detail of excise tax collections
52
50
55
51
57
Monetary statistics:
Money In circulation
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury
Components of silver monetary stock
Seigniorage on silver
Increment from reduction In weight of gold dollar (latest date
June 30, 1958)
53
5^
55
56
52
53
53
5U
57
58
58
59
57
58
58
59
55
60
60
51
52
52
53
5U
56
57
57
58
59
55
52
53
53
5U
56
55
53
5U
5U
59
59
60
60
61
60
60
61
62
62
56
60
59
62
57
58
61
60
61
63
6U
Exchange Stabilization Fund (lateat date March 31, 1958):
.
Balance sheet
Income and expense
.
.
'.
62
National bank reports:
Earnings, expenses, and dividends for calendar years 1953-57
57
Capital movements between the United States and foreign couDtrlee:
Summary by periods since 1935
Suismary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Purchases and sales of long-term securities by foreigners,
latest month
Short-term liabilities and claims reported by nonfinanclal concerns.
Long-term liabilities and claims reported by banks and bankers
Estimated gold and short-term dollar resources of foreign countries
and International Institutions
Foreign credit and debit balances In brokerage accounts
Short-term liabilities, countries and areas not regularly reported..
5U
59
62
66
56
59
63
61
67
61*
62
65
63
6U
68
57
'66
63
66
70
71
61
6U
68
69
55
58
62
63
70
6U
65
62
65
69
70
67
67
69
72
75
68
68
66
86
56
59
63
6U
65
66
65
68
72
73
7U
63
66
70
71
72
73
7U
75
66
Corporations and certain other business-type activities:
Statements of financial condition (latest date March 31, 1958)..
Income and expense (latest date December 31, 1957)
Source and application of funds (latest date December 31, 1957).
66
'68
71
,
58
61
65
73
91
TREASURY DEPARTMENT
ISCAL SERVICE.
BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON
25, D.C.
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
S
TAT
E S
SAVINGS
BONDS
n
1
i
Treas.
U.S. Treasury Dept.
HJ
10
.A2
1958
C.2
Treasury Bulletin
@FedFRASER