Full text of Treasury Bulletin : October 1963
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V^c^^^
L!BRARY
ROnM 5030
JUN
?,3 1972
TREASURY DEPARTMENT
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U.S. TREASURY DEPARTMENT
TREASURY DEPARTMENT
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UNITED
S TAT E S
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FMEAWMYEmUETEN
'
OCTOBER
- 1963
UNITED STRTES TREflSURV DEPARTMENT
OFFICE DF THE SECRETRRV
The Treasury Bulletin is for sale by the
Superintendent of Documents,
U. S. Government Printing Office, Washington 25, D. C.
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Single copy price varies
October 1961
Table of Contents
Page
Treasiny financing operations
A-1
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust and other transactions
9
Cash income and outgo
14
Account of the Treasurer of the United States...
22
Debt outstanding
24
Statutory debt limitation
29
Public debt operations
30
United States savings bonds
59
Ownership of Federal securities
63
Treasury survey of ownership of Federal
securities
65
Market quotations on Treasury securities
69
Average yields of long-term bonds
72
Monetary statistics
74
Exchange Stabilization Fund
78
International financial statistics
80
Capital movements
81
Cumulative table of contents
97
Treasury Bulletin
II
Reporting Bases
Data on receipts, expenditures,
and debt v;hlch appear
itures and Balances of the United States Government" and
Treasury
for actual receipts and expenditures in the "Budget of the
In the "Treasury Bulletin" are based largely on two
financial reports, the "Dally Statement of the United States
United States Government."
Treasury" and the "Monthly Statement of Receipts and Expenditures of the United States Government." Certain mone-
year i960, the monthly statement reports totals for net
Beginning with the final statement for the fiscal
tary statistics are based at least In part on the "Circula-
budget receipts and budget expenditures after deduction
Where these state-
of certain Interfund transactions which are included In
tion Statement of United States Money."
ments are given as sources for Individual tables,
they are
cited by name only. Their respective reporting bases are
described below. For other data In the Bulletin, Information on sources or reporting bases Is given In connection
with the tables themselves.
budget results and other receipt and expenditure data
At the same time, the
classified by type of account.
dally statement was changed to a statement of cash deposits
and withdrawals affecting the account of the Treasurer of
Both publications have provided compar-
ative figures on their respective bases from the beginning
of the fiscal year 1953.
1951^,
The announcement of February I7,
with respect to these reporting changes may be found
In the April 195^^ issue of the Bulletin.
agencies to the Treasury.
This reporting change was made in
Message of January 18, i960.
or deficit.
It does not affect the surplus
Figures for earlier periods shown in the Treas-
ury Bulletin were revised to the new reporting basis in the
September 196O issue.
The Interfund transactions deducted
under this procedure do not include payments to the Treas-
ury by wholly owned Government corporations for retirement
of their capital stock and for disposition of earnings.
These capital transfers have been excluded currently from
budget receipts and budget expenditures beginning July 1,
and figures for prior fiscal years back through 1932
19'+S,
were revised accordingly at that time.
The daily statement on the new basis was first Issued
The monthly statement shows all receipts and expendi-
tures of the G-overnment,
minor amounts of certain other payments made by Government
accordance with the plan stated in the President's Budget
The monthly statement of receipts and expenditures
was first published for February I95U, and replaced the
dally statement as the primary source of Information on
the United States.
the detail of both budget receipts and budget expenditures.
The transactions deducted consist of interest payments and
including those made from cash
for February 17,
shown,
195'^.
I" the deposits and withdrawals as
no distinction is made as to the type of accounts
accounts held outside the United States Treasury. The
information is compiled from reports by the Treasurer of
The deposits are on the basis of
(budget, trust, etc.).
certificates of deposit cleared through the account of the
the United States and by all other collecting and dis-
Treasurer of the United States.
bursing agencies,
Including those agencies which maintain
checking accounts In commercial banks.
These reports cover
Total withdrawals are on
the basis of checks paid or cash disbursements made out of
the Treasurer's account.
Some of the withdrawal classi-
transactions recorded in the accounts of the agencies
fications shown are reported on the basis of mailed reports
The net of the transactions
of checks Issued and are adjusted by means of clearing ac-
during the reporting period.
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.
counts to the total of checks paid.
Except for relatively
minor amounts, noncash Interfund and other Intragovernmental
transactions are excluded. The public debt figures in the
Receipts of taxes and customs duties are reported on a
collections basis.
Other receipts are reported partially
dally statement also are on a "clearance" basis, with the
exception of those issuance and retirement transactions
reported on the basis of telegrams from Federal Reserve
on a collections basis and partially on a deposits basis.
Banks.
Expenditures, except interest on the public debt, are reported on the basis of checks issued or cash payments made
The dally statement before February I7, 195*+. covered
not only transactions cleared through the Treasurer's ac-
by disbursing officers.
count but also certain Government agency transactions which
Transactions of an Interfund or
Intragovernmental nature are Included on the same basis
even though the actual Issuance of checks may not be involved.
Interest on the public debt Is included on an
accrual basis beginning with figures for June 1955 and
the fiscal year I955.
Prior to that, It was included on
a due and payable basis.
The same reporting basis as that
In the monthly statement provides the fiscal year figures
for the Treasury's "Combined Statement of Receipts,
Expend-
Noncash debt transactions are Included, however.
were handled through commercial bank accounts, and Included
noncash interfund and other Intragovernmental transactions.
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 present end-of -month daily
statement with respect to debt issuance, retirement,
and
Receipts and expenditures, however, were
classified by type of account, and the budget results shown
amount outstanding.
,
October 196J
III
Reporting Bases
In the dally statement were used ae the basis for
reflecting
the results under the President's budget program
as enacted
by the Congress.
Receipts were on the basis of deposits as they cleared
the Treasurer's account.
Expenditures cleared through the
the Treasurer's account were reported on two successive
Through I9I16 they were on the basis of checks paid
by the Treasurer of the United States. Beginning with I947,
bases.
expenditures made through the facilities of the Treasury
Department's Division of Disbursement were on the basis
of checks Issued, while certain others, principally those
of the Department of Defense and its predecessor organizations, were on the basis of checks paid.
Transactions han-
Note:
-
(Continued)
dled through commercial bank accounts, consisting of market
transactions In public debt and guaranteed securities, were
as reported by the agencies.
Interest on the public debt
was Included on a due and payable basis beginning with
November 191^9 and on a checks-paid basis prior to that time.
The circulation statement reflects transactions through
the Treasurer's account which affect monetary stocks of
gold
and silver and the amounts of coin and currency in the money
supply of the country.
It is Issued later than the dally
statement, however, and the figures are based on transactions consummated during the reporting period even though
some may not have cleared the Treasurer's account during
that period.
Where calculations have been made from unrounded figures,
the details may not check to the totals shown.
October 196J
A^l
Treasury Financing Operations
One-Year Bills
On September 17, I963, the Treasury Department announced the second offering on September 25 of the new
series of one-year Treasury bills for $1 billion or thereabouts.
Tenders totaled $2,395 million, of which $1,001
million,
completed on October 15, I963, in cash or other immediately
available funds or in a like face amount of the bills
maturing on that date. Requirements relating to deposits
with tenders and the denominations were like those for the
one-year bills offered September 25, I963.
on the basis of Dreliminary reports, was accepted
at the average bank discount rate of 3.5S6 percent.
Noncompetitive tenders for $200,000 or less (without stated
price) from any one bidder were accepted in full at the
average price of accepted competitive bids. These amounted
to $46 million.
Payment for accepted tenders was required to be made
1, I963, in cash or other immediately available funds.
Banking Institutions generally
Strip Bills
Under an announcement dated October 16, the Treasury
invited tenders on October 22 for $1 billion, or thereabouts,
in cash,
for additional amounts of ten series of
Treasury bills.
Tenders for the strip of bills totaled $2,10S million,
or completed on October
of which $1,001 million was accepted at the average rate of
could submit tenders for account of customers provided the
discount of 3.601 percent based on 132^ days, the average
number of days to maturity.
naiies of the oustoxers were set forth In such tenders.
Others than banking institutions were not permitted to sub-
tional to the bills originally issued.
mit tenders except for their own account. Tenders were
received without deposit from Incorporated banks and trust
to maturity are shown in the following table.
Issued on October 2S, 1963,
The simounts issued,
original issue dates, maturity dates, and number of days
companies and from responsible and recognized dealers in in-
vestment eecurltiee. Tenders from others were required to
be accompanied by payment of 2 percent of the face amount of
the one-year bills applied for, unless accompanied by an express guaranty of payment by an incorporated bank or trust
company.
The 365-day bills are dated October 1, I963, and mature
September 30, 196U, when the face amount will be payable
without interest.
Issued in bearer form only, the bills are
in denominations of
$100,000, $500,000,
$1,000, 55,000, $10,000, $50,000,
and $1,000,000 (maturity value).
Tax Anticipation Bills
Following an announcement on October 2, tenders were
received on October 9 for $2 billion, or thereabouts, of
160-day tax anticipation bills for cash and in exchange
for *2.5 billion of one-year Treasury bills maturing
October 15, I963. Tenders totaled $2,957 million, of which
$2,000 million was accepted at the average rate of discount
"f 3.537 percent.
The acceptances Include $131 million of
noncompetitive tenders for $UO0,000 or less (without stated
price) from any one bidder accepted In full at the average
price of accepted competitive bids.
The 160-day tax anticipation bills are dated October
They will be accepted
15. 1963, and mature March 23, 1964.
at par in payment of income and profits taxes due March I5,
1964;
to the extent they are not presented for this purpose
the face amount will be payable without interest at maturity.
Payment for the bills was required to be made or
the new bills are addi-
Amount of
additional
issue
Treasury Bulletin
A-2
Treasury Financing Operations
13-Week and 26-Weelc Billa
New Issues of regular weekly Treasury bills in September totaled |S.U billion, refunding an equivalent amount
The four Issues of 91-day bills were for $1.3
billion each and the four lg2-day Issues were for $0.&
billion each. Average rates of discount are shown In the
maturing.
13-week
(Additional amount of bills of
original maturity of 26 weeks)
-
(Continued)
October 1961
SUMMARY OF FH)ERAL FISCAL OPERATIONS
(
Budget receipts and expenditures
Period
Net
receipts
1/
Expenditures
1/
Surplus,
or
deficit
Net of
trust
and other
transactions
In millions of dollars)
Net
increase
Clearing
account,
etc.
y
in
public
debt, or
def^rease
(-)
Net
increase in
Treasurer'
account
balance, or
decrease (-)
Levels, end of period
Debt outstanding
Treasurer'
account
balance
Public
debt
(-)
Fiscal years:
1930
^m. 1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
^B
99
679
147
435
328
231
-194
92 , 590
-3,122
3,510
-4,017
-9,449
-3,117
-4,180
1,626
1,596
-2,819
-12,427
1,224
-3,856
-6,378
-6,233
98,8:j2
-11,'^ 3
37,235
52,877
64,705
63,654
60,938
63,119
70,616
71,749
68,262
72,738
79,518
78,157
84,709
37,657
56,236
70,547
72,811
64,622
65,891
66,838
71,157
75,349
79,778
77,565
84,463
91,907
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
592
-7,088
-7,040
1,953
-6,306
-7,199
5,357
6,729
9,104
7,395
6,858
7,749
Jxme
5,754
7,024
11,615
July
Aug
Sept
39,544
43,970
65,303
74,120
67,537
64,389
66,224
68,966
71,369
80,342
76,539
81,515
87,787
1963p
36,422
47,480
61,287
64,671
64,420
60,209
67,850
70,562
68,550
67,915
77,763
77,659
81,409
86,357
1964 (Est.),
86,900
Guaranteed Total
securities Federal
securities
Subject to
limitation
507
448
151
4,587
-2,135
3,883
6,966
5,189
3,115
-1,623
-2,224
5,816
8,363
1,625
2,640
9,230
7,659
-107
-100
12,110
311
815
-41
101
739
-259
267
1,092
-691
23
-698
234
729
87
-106
-319
-209
-34
376
-21
224
109
-237
154
204
183
-423
2,711
7,973
7,777
-2,038
-129
1,356
-152
381
-145
333
-78
978
470
-896
7,289
7,229
8,102
-1,535
-205
3,513
132
258
-317
-384
-130
67
864
2,222
-973
-924
5,995
2,U5
8,U1
2,290
10,430
296,952
299,174
298,201
3,566
7,089
10,053
7,252
8,541
7,327
-3,686
-1,452
2,727
208
-59
-126
-248
-304
481
-325
3,966
-2,344
-4,051
2,151
738
6,380
8,530
9,268
297,876
"01,842
299,498
448
470
487
298,324
302,312
299,986
297,891
301,938
299,612
Oct
Nov
Dec
3,030
7,027
8,360
8,524
8,070
7,572
-5,494
-1,042
788
-15
106
2,569
3,323
-1,920
-2,750
591
400
6,518
7,109
7,509
302,067
305,390
303,470
486
457
189
-1,796
1,075
503
518
302,553
305,893
303,988
302,181
305,521
303,616
1963-Jan
Feb
5,533
7,305
9,663
8,013
6,763
7,806
-2,480
1,857
-126
404
-270
635
-206
864
-53
1,221
-1,645
-2,024
1,961
806
5,485
7,446
8,252
303,417
304,638
302,993
531
541
548
303,948
305,179
303,541
303,577
304,809
303,172
7,590
7,470
7,663
-1,854
-516
4,379
269
-223
-517
-260
-320
41
173
2,038
656
-1,672
978
4,558
6,579
7,558
12,116
303,166
305,204
305,860
562
June p..
5,735
6,953
12,042
577
607
303,728
305,781
306,466
303,359
305,413
306,099
July
Aug
Sept
3,547
7,290
10,095
7,863
8,305
7,815
-4,316
-1,015
2,279
192
-7
-1,025
1,700
100
-5,118
-152
155
31
-830
402
2,938
6,998
6,846
9,783
304,835
306,535
306,635
647
674
693
305,482
307,209
307,328
305,115
306,842
306,962
20,932
23,983
-3,052
340
-397
775
-2,333
9,783
306,635
693
307,328
306,962
^
,
1962
Calendar years
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
Months:
1962-Jan
Feb
Mar
Apr
May
Mar
Apr
May
1964 to date
542
195
633
-329
-50
-602
436
108
483
-2U
-401
-250
-303
284
522
-523
530
-6
-U5
2,047
1,839
-388
-2,299
2,096
-551
331
-956
4,159
-4,399
2,654
-1,311
3,736
1,636
-447
62
1,770
-1,488
603
-635
-117
179
3,582
2,019
-4,U1
-1,730
8,025
7,875
-581
5,952
7,301
Source: Actual figures through the fiscal year 1952 and the calendar year
1953 are from the daily Treasury statement, and thereafter from the
monthly statement of receipts and expenditures of the Government (for
explanation of reporting bases, see page II); estimates are from the
1964 Budget document, released January 17, 1963, including effects
More detail for data on this page will be
of proposed legislation.
found in succeeding tables.
!/ Fiscal year figures beginning with the September 1960 issue of the
Treasury Bulletin, and calendar year figures beginning with the June
1961 issue exclude certain Interfund transactions from both net budget
receipts and budget expenditures (see page II, 2, and 5). Figures
previously published for these series have been revised to the new
reporting basis. The change does not affect the budget surplus or
deficit.
2/ Excess of receipts, or expenditures (-). For detail, see pages 9-13.
2/ For checks outstanding and telegraphic reports from Federal Reserve
banks; public debt interest accrued and unpaid beginning with June
355
622
828
83
1,015
-1,513
644
1,293
345
240
444
607
257,377
255,251
259,151
266,123
271,341
274,418
272,825
270,634
276,444
284,817
286,471
289,211
298,645
306,466
256,652
254,567
258,507
265,522
270,790
273,915
272,361
270,188
276,013
284 , 398
286,065
288,862
298,212
306,099
315 ,604
5M
316,118
315,758
24
42
7,509
256,708
259,419
267,391
275,168
278,750
280,769
276,628
274,898
282,922
290,798
290,217
296,169
303,470
103
104
109
127
156
330
518
256,731
259,461
267,445
275,244
278,784
280,822
276,731
275,002
283,031
290,925
290,373
296,499
303,988
256,026
258,794
266,821
274,671
278,256
280,348
276,276
274,564
282,607
290,513
289,971
296,061
303,616
4,981
5,626
6,919
296,513
296,983
296,088
347
371
402
296,860
297,354
296,489
296,422
296,917
296,054
405
430
444
297,357
299,604
298,645
296,922
299,170
298,212
5,517
7,357
6,969
4,670
6,766
6,216
6,546
5,590
9,749
5,350
8,005
6,694
10,430
12,116
257,357
255,222
259,105
266,071
271,260
274,374
272,751
270,527
276,343
284,706
286,331
288,971
298,201
305,860
6,200
4,232
4,295
6,064
4,577
5,180
4,545
4,427
4,606
4,961
5,583
6,411
6,494
20
29
46
52
81
44
74
107
101
111
140
54
76
34
53
and the fiscal year 1955 (previously Included from November 1949 as
interest checks and coupons outstanding); also deposits in transit and
changes In cash held outside the Treasury and in certain other acNet increase, or decrease
counts beginning with the fiscal year 1954.
^
(-).
For current month detail and list of acts, see section on "Statutory
Debt Limitation" in each issue of the Bulletin. The limitations in
effect during the period covered by this table and the date when each
became effective are as follows: $275 billion on June 26, 1946; *281
billion on August 28, 1954; t278 billion on July 1,1956; $275
billion on July 1, 1957; $280 billion on February 26, 1958; $288
billion on September 2, 1958; $290 billion on June 30, 1959; $295
billion on July 1, 1959; $293 billion on July 1, 1960; $298 billion
on July 1, 1961; $300 billion on March 13, 1962; $308 billion on
July 1, 1962; $305 billion on April 1, 1963; and $307 billion on May
Under the acts approved July 1, 1962, May 29, 1963, and
29, 1963.
August 27, 1963, the limitation is $309 billion from July 1 through
Preliminary.
November 30, 1963.
P
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
.
Table 1.- Receipts by Principal Sources
October 1961
-BUIXJET
RECEIPTS AND EXPEaJDITURES
Table 2.- Detail of Miscellaneous Receipts by Major Categories
(In millions of dollars)
RealizaDividends tion upon
and other loans and
earnings tnvest-
Fiscal year
or month
laents
1956
1957
1958
1959
3,006
2,749
3,196
3,158
554
628
745
I960
967
942
877
757
,111
1963P
4,064
4,082
3,206
4,424
805
743
860
371
1,081
1964 (Est.)
4,036
918
873
539
1963^an...
334
488
253
103
71
41
'p
273
205
375
July..
Aug
Sept..,
1961
1962
Feb...
Mar. .
Apr.
May.
June
.
.
1964 to date
,
601
291
438
674
506
27
59
11
61
10
77
11
71
94
74
567
250
254
266
54
38
79
75
104
1,071
358
257
296
328
328
587
436
1,012
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
1950
63
'51
DOLLARS
DOLLARS"
Billions
Billions
67.5
675
650
65.0
-Individual Income Tax and
625
.
Employment Toxes*
6Q0
575
55.0
52.5
50.0
475
450
425
40.0
575
35.0
325
30.0
275
25.0
22.5
200
175
15.0
I
1950
'52
•54
56
•58
•60
62
64
22.5
64
October 1967
BUIGET RECEIPTS AND EXPENDITURES
.
Table 3.- Expenditures by Agencies
(In millions of dollars)
Fiscal year
or month
1956
1957
1958
1959
Legislative
Branch
85
97
99
118
Executive
Office
Judiciary
of the
President
37
39
44
47
1962
126
134
153
1963p
U7
57
62
196a (Est.)
155
69
1960
1961
1963-January
February
March
Funds
appropriated
to the
President
Agriculture
Department
4,473
4,115
4,081
4,109
5,177
5,006
4,875
7,091
23
1,764 3/
1,808
2,053
3,948
5,419
5,929
6,669
7,763
539
498
594
667
31
4,375
6,565
895
598
10
10
11
56
49
56
52
70
29
9
323
236
346
April.
May..
9
U
415
Jtine p
11
391
549
u
320
.
July.
August
September
1964 to date.
9
U
in
295
13
264
38
16
Commerce
Department
,293
562 2/
645
382
Health,
Education, Interior
and
DepartCivil
Welfare
functions
Department
Defense Department
Military
Justice
Department
Labor
Department
Post
State
Office
DepartDepartment
ment 1/
.
.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 4.- Interfund Transactions Excluded from Both Net Budget Receipts and Budget Expenditures
(In millions of dollars)
Fiscal
year or
month
1956
1957
1958
1959
315
467
567
355
I960
1961
1962
694
654
633
1963p
513
(Est.)...
679
1963 -January.
February.
March. .
93
196/V
.
April.
.
.
p.
.
August.
.
May
June
July
.
September
196A to date.
October 196J
BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures by Functions
(Fiscal years; in millions of dollars)
Functions
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES.
Table 6.- Expenditures by Functloiu
-
(Cont Inued
)
(Fiscal years; in millions of dollars)
Functions
Function
code
number
1964
through
August 1963
1/
1959
I960
1961
1962
1963p
7,593
69
9,180
8,957
9,891
74
9
S3
10
9,120
68
1,732
76
10
10
11
4
7,671
9,266
9,050
9,198
9,976
1,754
901
102
109
118
21
47
49
20
558
372
84
263
52
62
11
21
4
607
372
135
57
22
653
131
902
903
904
905
906
908
910
715
137
419
U6
UO
153
90
24
289
109
300
136
142
322
139
1,709
1,875
1,978
Interest:
Interest on the public debt
Interest on refunds of receipts
Interest on uninvested funds
851
852
853
Total interest
General government
19
:
Legislative functions
Judicial functions
Executive direction and management
Central fiscal operations
General property and records management
Central personnel management
Protective services and alien control
Other general government
Total general government
21
566
295
95
255
86
1,466
1,542
22
-15
Undistributed
Total
Certain interfund transactions included in
both expenditures and receipts
80,697
77,233
82,169
88,419
93,103
355
694
654
633
513
80,342
76,539
81,515
87,787
92,590
Less:
Budget expenditures (see table 3)
61
25
373
October 196J
.TRUST AND OTHER TRANSACTIONS,
Table 1.- Summary of Trust and Other Transactions
(In millions of dollars)
Net receipts or
expenditures (-),
from trust
and other transactions
Fiscal year
or month
1956
1957
1958
1959
-194
195
633
-329
1960
1961
1962
1963 p
-50
-602
436
108
(Est.)...
1963- January .
February.
March. . .
196/i
April. .
May
June p.
July
August.
.
.
Trust and deposit fund accounts
Excess of
receipts, or
expenditures {-)
1,996
1,363
829
-2,751
Net
expenditures
1/
1/
Net sale, or investment
(-), by Government
agencies in public debt
securities 2/
Net sale, or redemption
{-), of securities of
Government agencies in
the market
11,607
14,301
16,153
16,769
9,611
12,938
15,325
19,521
-3,235
-2,339
-597
1,130
1,046
1,171
400
1,293
-870
790
-851r
l,155r
20,342
23,583
24,290
27,685
21,212
22,793
25,141r
26,530r
-925
-855
-493r
-2,068r
1,746
-537
1,780
1,022
-107
1,158
29,540
28,382
-2,289
1,024
-126
404
-270
-805
l,132r
154r
990
3,361
2,123
1,795
2,230
1,968
998
-517r
-121
-319
-211
-304
269
-223
-517
-491r
2,354r
-18r
1,752
4,656
2,966
2,242r
2,302r
2,984
828r
-2,821r
-l,306r
-69
244
807
1,419
3,887
1,830
2,651
2,438
2,515
1,253
-1,784
171
328
265
192
-7
155
. .
September
-1,232
1,449
-685
Actual figures are from the monthly statement of receipts and
expenditures of the Government (for explanation of reporting bases,
see page II); estimates are from the 1964 Budget document, released
January 17, 1963, including effects of proposed legislation.
Certain transactions are excluded from both receipts and expenditures
beginning with the July 1961 issue of the Bulletin. For details
see Table 6.
Source:
1/
Net
receipts
575
Preliminary.
Includes guaranteed secxirities (see Table 4). p
2/
Note:
Figures in this table differ from those published prior to
August 1963 for shifts in classification including security
transactions of Government-sponsored enterprises from deposit fund
account expenditures to net investment by Government agencies in
public debt securities, and net redemption of agency securities in the
market; and certain deposit fund account receipts from net receipts
r
Revised,
to net expenditures,
Table 2.- Trust Receipts
(
Dis-
Fed.
Fiscal year
or month
1956
1957
1958
1959
FOASI
Trust
Fund
6,937
7,101
7,824
8,109
I960
1961
1962
1963 p
ability
Ins.
Trust
Fund
Railroad
Retirement
Account
Unemployment
Trust
Fund
943
929
739
723
695
758
1,728
1,912
1,855
1,997
10,360
11,824
12,011
13,856
1,062
1,083
1,092
1,145
1,403
1,051
1,081
1,128
2,703
3,803
3,985
4,256
1964 (Est.)...
15,569
1,177
1,219
4,288
1963-January.
February.
March.
167
1,826
1,232
18
141
85
13
April ....
May
June p.
868
2,771
1,376
201
123
July
August.
September
493
2,203
974
36
160
77
.
.
.
.
339
76
V
In millions of dollars)
National
Service
Life Insurance
Fund
Government
Life
Insurance Fund
Federal
employees'
retirement
funds
Highway
Trust
Fund
Other
trust
receipts
1/
Total
trust and
other
receipts
Less:
Interfund
transactions
2/
Net
trust and
other
receipts
.
...,
..
Treasury Bulletin
10
.TRUST AND OTHER TRANSACTIONS.
Table 3.- Trust, Deposit Fund, and Government -Sponsored Enterprise Expenditures
(In millions of dollars; negative figures are excess of credits)
Trust and deposit funds
Fiscal year
or month
1956
1957
1958
1959
federal Old-Age
and Survivors
Insurance Trust
Fund
Federal
Disability
Insurance
Trust Fund
5,i85
6,665
8, Oil
9,380
Railroad
Retirement
Account
611
682
730
1
181
361
778
Unemployment
Trust
Fund
National
Service Life
Insurance
Fund
3,148
3,054
2.736
4,734 2/
3,906
3,816
582
83
707
626
749
1,6U
507
591
87
512
515
544
562
1,393
Federal
employees'
retirement
funds
Government
Life
Insurance
Fund
Highway
Trust
Fund
699
792
966
1,512
2,613
94
96
896
955
1,063
1,183
2,945
2,620
2,784
3,017
86
120
80
1960
1961
1962
1963 p
11,073
11,752
13,270
U,530
1,089
1,259
1,136
1,124
1,135
1,111
196i (Est.)...
15,331
1,319
1,099
3,770
488
53
l,35i
3,391
18
94
95
98
220
153
196
35
34
100
100
122
173
216
301
39
35
33
106
109
108
314
357
390
561
74.6
1,1U
165
February.
March. . .
1,182
1,199
98
102
90
101
91
418
748
422
279
41
41
April...
May
June p . .
1,209
1,217
l,6i6
100
100
122
91
92
91
359
233
33
July
August.
September.
1,224
1,221
1,227
100
101
101
91
96
91
1963-JaTn2ar7.
,
.
Trust and deposit
funds-( Continued)
Fiscal year
or month
Other
trust 2/
1956
1957
1958
1959
425
565 8/
915 S/
672 8/
1960
1961
1962
1963p
1
1964 (Est.)...
1,218
1963-January.
February.
March.
76
68
130
.
.
.
,
June p.
.
April.
May
.
711
697
835r
, 206r
126r
July
August.
September
.
Deposit
funds
(net)
168
216
-31
-61
-75
205
-544
119
-29
U
Total
trust and
deposit funds
Total
3
-42
42
-16
946
-73
317
-721
485
-1
84
-57
63
-49
-119
-151
-169
-164
-54
-32
-18
27
Less:
Interfund
Net trust
and other
transactions 6/
expenditures
7/
12
9,611
12,938
15,325
19,521
-104
-104
-115
-124
32A
46
-627
1,292
9,623
12,947
15,335
19,655
21,636
23,546
24,577r
26,350r
437
396
374
483
132
-487
872
363
-134
-148
-154
-161
434
-239
1,092
685
22,120
23,308
25,669r
27,035r
908
515
528
505
25,iar
28,483
365
150
-162
352
28,835
454
28,382
5
-43
-63
-2
-669
-264
-187
1,799
2,243
l,970r
4
55
-630
-267
-240
1,795
2,230
1,968
103
165
67
170
144
482
-5
269
292
551
2,243r
2,305r
3,436
69
458
235
290
528
332
298
2,652
2,444
2,516
2,467
2,157
2,124
2,112
2,218
66
115
1
Source:
See Table 1.
1/ Secondary market operations, as proyided in the Housing Act of 1954,
approved August 2, 1954 (12 O.S.C. 1719).
Funds provided by the
Treasury (-), or repaid to the Treasury, are shown in a separate
column (and correspondingly are reflected net in budget expenditures).
See Table 2, footnote 4.
2/ Includes principally District of Columbia operating expenditures; Funds
appropriated to the President - mutual security trust funds; Indian
tribal funds; expenditures chargeable against increment on gold; and
trust enterprise funds (net).
The Railroad Unemployment Insurance
Administration Fund is included through November 1958 (see Table 10,
published quarterly), the Employees' Life Insurance Fund (net) and
the Employees' Health Benefits Fund (net) beginning 1961.
Previously shown as deposit funds (see Table 1, Note).
y
^
Federal
Deposit
Insurance
Corporation
Total
trust
and
other
expenditures
206
929
102
176
41
164
-124
-628
854
l,975r
2,014r
2,835
-85
-104
-16
Federal
home loan
banks
4/
Other
operations
264
274
116
562
-82
79
114
46
Farm
Credit
Administration
Financing
by Treasury
-94
9,299
12,901
15,962
18,363
2, 507r
273
282
195
206
6
Government-sponsored enterprises (net)
53
80
53
69
276
5
Federal National
Mortgage Assoc.
1/
^
6/
7/
%/
P
r
-17
3
1
-18
7
10
11
135
13
1
1
3
452
21,212
22,793
26,530r
2,242r
2,302r
2,984
2,651
2,438
2,515
Includes banks for cooperatives, Federal intermediate credit banks,
and Federal land banks.
These transactions are included in the
For content see Table 6.
detail of both trust receipts and trust expenditures, but are
deducted from the totals.
Excludes certain interfund transactions consisting principally of
financial interchanges between trust funds resulting in receipts
and expenditures (see footnote 6).
Includes expenditures of the Federal intermediate credit banks which
were operated as trust fund enterprises from January 1, 1957, until
January 1959, when these banks were classified as a Governmentsponsored enterprises.
Preliminary,
Revised.
October 196J
11
.TRUST AND OTHER TRANSACTIONS.
Table 4.- Investments In Public Debt and Agency Securities (Net)
(In millions of dollars; negative figures are excess of sales)
Trust accounts, etc.
Fiscal year
or month
1956
1957
1958
1959
Total 1/
3,235
2,339
V
597
-1,130
Total
trust
accounts,
etc. 1/ 2/
3,13i
2,302
506
-1,232
1960
1961
1962
1963P
925
855
492r
2,068r
760
707
301r
l,777r
196^ (Est.)...
2,289
-998
517r
1963-January.
February.
March.
April.
May
June p
,
.
.
.
.
.
.
121
,
.
July
August. . .
September.
,
-828r
2,821r
l,306r
-1,253
1,784
-575
Federal
Old-Age and
Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
1,463
220
-499
-1,290
325
729
552
Railroad
Retirement
Account
Unemployment
Trust
Fund
National
Service
Life
Insurance
Fund
121
36
-33
-35
258
274
-1,255
-1,011
135
62
-44
44
-90
Government
Life
Insurance
Fund
548
803
671
404
958
-393
-21
-35
871
1,063
-428
-44
-25
95
76
-726
-225
-1,089
494
285
21
264
-78
-63
-821
-129
1
-41
-952
72
456
1,915
79
-145
120
519
192
-1,035
-381
337
-69
-226
-15
124
55
10
-2
-47
-32
-20
-296
511
-2
-2
-3
-4
-526
1,703
-134
-15
-78
4
53
3
-5
-3
43
459
-216
760
-106
-726
1,004
-275
-72
46
-4
-71
-7
-53
-125
642
-100
-833r
2,7A2r
l,179r
-1,270
1,769
-594
5
Highway
Trust
Fund
-16
-16
-56
-17
89
-168
Federal
employees'
retirement
funds
-100
45
27
1,034
1,075
233
202
242
93r
297r
985
-91
53
70
61
17
69
69
22
-5
57
47
50
75r
97r
88
-5
-22
48
-157
89
-31
-40
31
-4
-3
-4
67
62
68
Trust accounts, etc. -( Continued)
V
28
-24
97
99
as
100
174
Other
trust
accounts,
etc. 1/
78
95
80
378
3
Federal
intermediate credit
banks 2/
Public enterprise funds
Govermient-sponsored enterprises
Total
Governmentsponsored
enterprises
2/
1956
1957
1958
1959
Banks
for
cooperatives
Federal
Deposit
Insurance
Corp.
Federal
home
loan
banks
Federal
land
banks
Federal
intermediate
credit
banks 2/
425
-67
346
-299
19
460
-70
104
104
115
124
1960
1961
1962
1963p
239
434
30
771
134
143
154
161
102
287
-122
612
1
2
-5
-2
-2
1
1964 (Est.)
212
162
50
1963-Jan
Feb
Mar
389
70
92
43
39
Apr
May
June p
-268
-4
250
July
Aug
Sept
-il2
2
-34
1
105
3
1
Total
public
enterprise
funds
Federal
Housing
Administration
-2
-40
Federal
National
Mortgage
Association
^
Federal
Savings and
Loan Insurance Corp.
51
15
13
19
53
14
17
62
97
-32
36
15
18
34
229
269
69
166
149
374
^
Production
credit
corporations 2/
10
25
6
101
36
91
102
191
291
Federal
intermediate
credit
banks
78
-60
8
42
-23
293
Tennessee
Valley
Authority
51
-12
-29
-10
Other
Treasury Bulletin
12
.TRUST AND OTHER TRANSACTIONS,
Table 5.- Sales and Redemptions of Government Agency Securities In Market (Net)
(In millions of dollars; negative figures are excess of sales)
Securities guaranteed by the United States
Public enterprise funds
Fiscal year
or month
Total 1/
Total
guaranteed
Federal
Farm
Mortgage
Corporation
Federal
Housing
Administration
Home
Owners'
Loan
Corporation
Securities not guaranteed by the United States
Trust
enterprise
fund
D.
C.
stadium
fund
Public enterprise funds
Total not
guaranteed
1/
1956
1957
1958
1959
-1,046
-1,171
-iOO
-1,293
-30
-33
6
-10
-30
-33
-10
-1,016
-1,137
-406
-1,283
1960
1961
1962
1963p
-1,746
-1,780
-1,022
-29
-100
-204
-162
-28
-81
-204
-162
-1,717
638
-1,576
-860
196i (Est.)
-1,024
71
71
-1,095
319
211
304
-13
-10
-7
-13
-10
-7
332
221
312
69
-229
-777
1963- January
February
March
537
6
April
May
June p
-244
-807
-14
-15
-30
-14
-15
-30
July
August
September
-171
-328
-265
-41
-27
-19
-a
-27
-19
-19
83
-130
-301
-246
Federal
intermediate
credit
banks 2/
Federal
National
Mortgage
Association
^
-44
136
-233
6
797
Home
Owners'
Loan
Corpo-
ration
October 196J
13
.TRUST AND
OTfffiR
TRANSACTIONS.
Table 6.- Interfund Transactions Excluded from Both
Net Trust Account Receipts and Net Trust Account Expenditures
(In millions of dollars)
Fiscal year
or month
Federal
Old-Age and
Survivors
Insurance
Trust Fund 1/
1950
1957
1958
1959
124
1960
1961
1962
1963p
600
332
361
423
196i (Est.)...
386
Federal Disability
Insurance
Trust
Fund 1/ 2/
Railroad
Retirement
Account
1/
y
Unemployment
Trust
Fund
V
Federal
employees'
retirement
funds
V
District
Total
of
Columbia 6/
3
3
1963-January,
February.
March.
.
April. .
May
June p.
9
10
6
13
22
211
132
101
33
86
32
37
10
13
13
29
1
12
.
,
.
.
July
August.
September.
.
423
10
10
12
12
13
12
10
11
135
908
515
528
505
454
u
Treasury Bulletin
CASH INCCME AND OUTGO
The cash income and outgo data appearing in the Treas-
actions which are reported as both expenditures and receipts
ury Bulletin, beginning with the February I956 issue, are
are excluded from both.
on a basis consistent with receipts from and payments to
obligation of the (Jovernment to make payments in the future
the public as derived in the 1957 and subsequent Budget*
of the United States (In the Budget for 1963 in Special
Analysis B).
Reconciliation to cash deposits and with-
also are eliminated from expenditures but are added later
when actual payments are made. Theee items consist of
certain Interest accrued on the public debt, expenditures
drawals in the account of the Treasurer of the United States
is
shown on 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 arrange-
Noncash items representing the
involving the issuance of a few special public debt securities, and clearing accounts.
Receipts from the exercise
of monetary authority are excluded as not representing cash
received from the public.
Federal cash borrowing from the
ments, data in accordance with the Budget classifications
public includes net borrowing by the Treasury through public
Figures for back years
debt transactions and also net borrowing by (Jovernment
are made available month by month.
have been revised where necessary in order to make them as
agencies and Government-sponsored enterprises through sales
nearly comparable with current Budget classifications as
of their own securities.
available data will permit.
debt which do not represent direct cash borrowing from the
For this reason certain of the
figures differ somewhat from those published in earlier
Budget documents as well as in the Bulletin.
The Bureau of the Budget series of cash transactions
public.
It excludes changes in the public
The net effect of all these transactions with the
public is reflected in changes in the balance in the Treas-
urer's account and in cash held outside the Treasury.
designed to provide information on the flow of money
Cash transactions through the Treasurer's account are
between the public and the Federsd Government as a whole,
and therefore includes transactions not cleared through
similar in general concept to those included in the Bureau
of the Budget series,
the Treasurer's account.
actions which affect the balance in that account.
is
Receipts and payments include
transactions both in budget accounts and in trust and deposit fund accounts. Operations of Oovernment-sponsored
enterprises are included in payments on a net basis as reflected in Treasury reports. Major intragovemmental trans-
but are limited in coverage to trans-
On the
other hand, they include receipts from the exercise of
monetary authority, which are excluded from receipts from
the public in the Bureau of the Budget series.
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
October 196J
15
CASH INCCME AND OUTGO
,
Table 2.- Derivation of Federal Government Receipts from the Public, and Reconciliation to
Cash Deposits In the Account of the Treasurer of the United States
(In millions of dollars)
Treasury Bulletin
16
CASH INCCME AND OUTGO
Table 3.- Derivation of Federal Government Payments to the Public, and Reconciliation to
Cash Withdrawals from the Account of the Treasurer of the United States
October 1961
17
.
Table 4.
CASH INCCME AND OUTCM
Intragovemmental Transactions Excluded from Both Receipts and Payments
C
In millions of dollars)
Treasury Bulletin
18
CASH INCCME AND OUTGO
,
Table 5.- Accrued Interest and Other Noncash Expenditures Excluded from Payments
October 196J
19
CASH INCOME AND OUTGO
Table 6.- Derivation of Federal Government Net Cash Debt Transactions with the Public,
and Reconciliation to Net Cash Debt Transactions through the Account of the
Treasurer of the United States
(Net borrowing, or repayment of borrowing (-); in millions of dollars)
Change in public debt and agency securities held by the public
Period
Public debt
increase, or
decrease (-)
Fiscal year:
1956
1957
1958
1959
Plus:
Net sale of securities
of Government enterprises in
the market
Public and
trust enterprise funds
Less:
Net investment in Federal
securities by government agencies
Governmentsponsored
enterprises
Trust funds 1/
Public
enterprise
funds
Governmentsponsored
enterprises
Equals:
Increase in
securities
held by the
public, or
decrease {-) 1/
-1,623
-2,22i
5,816
8,363
173
1,085
567
71
872
86
-167
1,222
2,586 2/
2,262
45
-1,163
101
36
91
102
549
41
461
-68
-3,813
-3,392
5,619
10,785
1,625
2,640
9,230
7,659
1,023
-733
658
-435
723
195
1,122
1,457
523
275
271r
236
432
l,006r
166
149
191
291
2,446
1,248
10,517r
6,6l3r
12,110
1,024
1,915
374
-l,2i6
7,198
-240
394
Total
5,952
154
1962-Jan. - June...
July - Dec ...
2,032
5,269
263
-62
I960
1961
1962
1963P
196i (Est.)
1961-Jan. - June...
July - Dec. .
.
Total
1963-Jan. - June p.
1963-January
February
March
April
May
June p
July
August
September
Footnotes at end of table.
-590r
75
616
935
1,533
-1,1 51r
152
40
293
241
933
7,013r
1,552
382r
192
535
7,946r
2,157r
251
530
-400 r
4ar
37
6
389
70
32
-4
92
521
-53
1,221
-1,645
-39
-17
-209
-280
-194
-95
173
2,033
656
-70
-44
1
100
55
-7
1
-2,352
9,584r
36
39
506
-373
-1,025
1,700
10,844
672
-l,262r
180
2,390
6
30
771
-1,424
288
801
-566r
2,745r
928
116
335
264
-858
1,766
-560
(Continued on following page)
339
-263
7,232r
626
494
-2,070
79
127
-268
-4
250
17
-412
399
16
19
2
2U
-34
941
5
932r
-539r
157
s
s
..
Treasury Bulletin
20
CASH INCCME AND OUTGO
Table 6.- Derivation of Federal Government Net Cash Debt Transactions with the Public,
and Reconciliation to Net Cash Debt Transactions through the Account of the
Treasurer of the United States - (Continued)
(Net borrowing, or repayment of borrowing (-); in millions of dollairs)
Deductions for noncash and other transactions
Less:
Less:
Net
accrued
interest
on
savings
bonds and
Treasury
bills
Period
y
Fiscal year:
1956
1957
1958
1959
i56
388
254
801
I960
1961
1962
341
222
641
1963P
696
1964 (Est.)
610
1961-Jan. - June..
July - Dec.
.
Total
1962- Jan. - June..
July - Dec .
.
Total
1963-Jan. - June p
1%3-January
February
March
April
May
June p
July
August
September.
. .
Equals:
Net cash
Issuance of public debt securities representing expenditures, or refunds of receipts 4/
Adjusted
service
bonds
^
Armed
Forces
leave
bonds
V
Special notes to
International
Monetary
Fund
y
International
Development
Association
^
Inter-American
Development
Bank
^
Total
deductions
borrowing
from the
public, or
repayment
(-)
623
-292
-200
2,160
175
-674
-450
1,361
259
258
171
255
Excess
profits
tax
refund
bonds 6/
597
536
1/
-4,436
-3,100
5,820
3,626
1,848
712
9,594r
5,579r
58
58
55
14
70
923
1,033
25
612
10,232
Equals:
Net cash
borrowing
through
in
the
the
Treasurer'
Treasurer'
account, or
account l/ 7/ repayment (-)
Transactions
not
reflected
329
549
566
594
547
636
839r
909r
-4,765
-3,648
5,253
8,032
1,301
76
8,755,
4,670
10,232
42
428
-103
58
25
68
402
-2,420
9,182r
340r
-2,923
8,841
470
-81
58
25
470
6,762r
843r
5,918
213
415
279
345
30
70
521
365
499
36
6,U8r
453r
-87
5,695
627
624
36
100
1,386
6,560r
952r
5,608
281
-90
169
-569r
456r
-1,025
78
48
-17
-15
-15
61
33
11
565
461
-2,066r
101 r
28
-2,094
71
33
16
-5
87
40
-54
23
-36
846r
-567r
193
32r
I65r
128r
813
-731
64
89
49
101
39
67
128
116
101
128
839
27
Source:
See Table 1.
1/ Fiscal year figures beginning with the August 1963 Bulletin and calendar
year figures beginning with the September issue have been revised to
take account of certain changes in classification. See "Trust and
Other Transactions," Table 1, Note.
2/ Does not include investments representing acquired securities amounting
to $1,643,070 (par value) and donation of securities amounting to
$45,800 (par value).
2/ Accrued discount on savings bonds and bills, which is included in the
principal of the public debt, less interest paid on savings bonds and
bills redeemed.
-4
412
271
503
564
359
1
185
26
758
86
102
82
4/
Treated as noncash transactions at the time of issuance and as cash
transactions at the time of redemption; net issuance, or redemption
^^
Excluded from borrowing because the transactions are treated as
expenditures in Table 5.
Excluded from borrowing because the transactions are treated as
deductions from receipts in Table 2.
Market transactions in public debt and agency securities.
Less than $500,000.
Preliminary.
Revised.
(-).
6/
7/
*
p
r
October 1961
21
CASH INCCME AND OUTGO
Table 7.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)
Net cash transactions other than borrowing
Deposits and withdrawals (budget,
trust, and other accounts)
Period
Cash
deposits
Cash withdrawals 1/
77,079
81,875
82,094
81,612
71,690
77,279
85,015
93,736
5,390
4,596
-2,921
-12,124
1960.
1961.
1962.
1963.
94,862
96,897
105,911
114,454
93,817
97,774
112,188
118,477
-877
-6,278
-4,023
1964 (Est.).
112,245
122,477
-10,232
53,314
45,822
50,414
56,016
2,900
-10,194
99,136
106,429
-7,294
60,089
50,635
56,172
59,820
3,916
-9,185
110,724
115,992
-5,269
Fiscal year:
1956
1957
1958
1959
1961-Jan. - June.
July - Dec .
Total
1962-Jaii. - June.
July - Dec .
Total
Excess of deposits,
or withdrawals (-)
1,0U
1963-Jan. - June p.
63,819
58,656
5,162
1963- January
February.
March..
7,718
11,040
12,368
10,192
10,401
9,203
-2,474
639
3,166
April
May . .
June .
7,241
12,338
lU
9,463
11,148
8,250
-2,222
1,190
4,864
July
August.
September.
5,512
11,764
11,654
10,339
11,857
9,142
-4,826
-94'
2,512
28,930
31,338
-2,408
.
.
13,
.
1964 to date.
.
Source:
Actual figures are based on the daily Treasury statement; estimates are from the 1964 Budget doaunent, released January 17, 1963,
including effects of proposed legislation. Figures in the first four
columns of this table may differ somewhat from those originally published in the daily Treasury statement because of subsequent reclassification of certain transactions.
Clearing
accounts
2/
-294
Total net
transactions
Net cash borrowPlus:
ing, or repayment of
borrowing (-)
Equals:
Treasurer's
account balance, increase, or decrease (-)
..
Treasury Bulletin
22
.
ACCOUNT OF THE TREASURER OF THE UNITED STATES
,
Source and Availability of the Balance In the Treasurer's Account
The account of the Treasurer of the United States reflects not only budget receipts and expenditures but also
trust, deposit fund, and public debt transactions.
The working cash of the Treasury Is held mainly In
Treasurer's accounts with Federal Reserve Banks and branches.
the same bank.
On occasions, to the extent authorized by the
Treasury, banks are permitted to deposit In these accounts
proceeds from subscriptions to public debt securities entered
for their own account as well as for the account of their
customers.
they are
The tax and loan account system permits the Treasury
restored by calling In (transferring) funds from the tax and
to leave funds In banks and In the communities in which they
loan accounts with thousands of commercial banks throughout
arise until such time as the Treasury needs the funds for Its
the country.
operations.
As the balances In these accounts become depleted,
Deposits to tax and loan accounts occur In the normal
course of business under a uniform procedure applicable to
In this way the Treasury Is able to neutralize
the effect of Its fluctuating operations on bank reserves
and the economy.
payments and funds for the purchase of Government securities.
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
In most cases the transaction Involves merely the transfer of
of the Treasury for 1955, pages 275-284.
all banks whereby customers of banks deposit with them tax
money from a customer's account to the tax and loan account In
Table 1.- Statue of the Account of the Treasurer of the United States
(In millions of dollars)
Assets
End of
fiscal
year or
month
Treasury operating balance
Available
funds in
Federal
Reserve
Banks
1956
1957
1958
1959
522
498
ao
535
Tax and loan
accounts in
special
depositaries
In Federal
Gold in
Treasury
Total
operating
5,656
5,069
9,030
4,380
159
190
259
306
37
49
63
7,068
fund
4,633
4,082
8,218
3,744
489
401
106
109
121
120
9,548
11,251
253
179
147
136
501
101
Unclassified
collections,
Silver,
coin, and
currency
etc.
Reserve
Banks in
process of
collection
Liabilities
In other
depositaries
Total
assets
421
302
287
273
433
440
365
429
6,712
6,037
9,990
5,451
64
70
74
337
222
303
342
375
335
441
313
8,092
6,769
10,509
12,116
37
Balance in
account of
Treasurer
of U. S.
166
4A7
240
100 2/
6,546
5,590
9,749
5,350 2/
1960
1961
1962
1963
AOB
612
806
6,458
5,453
8,815
10,324
1962-December.
597
6,092
126
6,814
162
93
234
284
7,586
7,509
1963- January.
February.
March.
821
8il
112
128
116
4,612
6,549
7,491
182
197
195
91 1/
909
3,678
5,580
6,466
52
55
240
278
211
361
370
299
5,435
7,446
8,252
7,446
8,252
952
651
806
4,340
5,992
10,324
127
118
120
5,420
6,761
11,251
181
170
136
79
77
74
515
245
342
385
304
313
6,579
7,558
12,116
6,579
7,558
12,116
629
705
948
5,564
5,389
7,958
131
135
118
6,324
6,229
9,025
148
142
158
39
33
105
202
168
188
285
275
309
6,998
6,846
9,783
6,998
6,846
9,783
50i
.
.
.
.
August.
.
April.
May
June
July
September
5,969
Source:
Daily Treasury statement.
1/ Includes reserves and other deposits of the Board of Trustees, Postal
Savings System, and uncollected items, exchanges, etc., through
December 1962.
Effective January 1963 balances of the Postal Savings
System funds were transferred to 'deposit fund accounts and became
demand obligations of the Treasury. Balances of these funds, therefore, are no longer liabilities within the general account of the
Treasurer.
Uncollected items, exchanges, etc., also previously shown
as liabilities were combined with "Unclassified collections, etc."
shown under assets.
Treasurer's checks outstanding are included
58
2/
2/
87
75
79
8,005
6,694
10,430
12,116
5,435
through June 1958, after which they are included in the balance in the
Treasurer's account,
(See footnote 2).
Through June 1953, the balance of the Treasurer was reduced when
Treasurer's checks were issued and the amount of the checks was
Effective July 1958, the balance
carried as a liability until paid.
is not reduced until the checks are paid, a procedure also applying
to checks drawn on the Treasurer by Government disbursing officers
and agencies.
Amounts shown, beginning January 1963, are net of uncollected items,
exchanges, etc.
Previously these items were included under liabilities.
October 196J
23
,
ACCOUNT OF THE TREASURER OF THE UNITED STATES
,
rable 2.- Analysis of Changes In Tax and Loan Account Balances
(In millions of dollars)
Credits
Proceeds from sales of securities 1/
Fiscal year
or month
Savings
bonds
Retirement
plan
bonds
During period
Income (by
Withheld special
and
arrangeexcise 2/ ment) ^/
Tax
anticipation
securities
1956
1957
1958
1959
3,810
2,976
2,82i
2,668
6,035
5,043
2,922
7,581
786
6,568
13,513
13,164
23,897
26,709
27,881
29,190
4,611
4,152
7,903
5,919
1960
1961
1962
1963
2,679
2,787
2,725
2,699
7,784
7,613
5,898
2,963
7,920
1,788
3,774
3,830
33,059
34,511
37,519
41,267
6,053
9,142
6,521
6,835
Total
credits
39,140
Withdrawals
End of
period
Average
High
55,044
58,520
38,871
46,000
50,908
62,994
4,633
4,082
8,218
3,744
5,486
6,078
8,869
8,055
1,078
912
3,373
2,987
3,246
3,638
57,496
55,842
56,438
57,595
54,782
56,847
53,076
56,085
6,458
5,453
8,815
10,324
6,458
7,653
8,889
10,324
1,390
1,161
1,531
2,535
4,103
4,151
4,457
5,325
45,
U8
1,103
813
1962- December.
209
3,933
1,596
5,738
5,374
6,092
6,188
2,735
4,560
1963- January
February.
March.
317
243
231
1,432
4,810
4,281
44
1,793
5,053
6,275
4,206
3,152
5,388
3,678
5,580
6,466
5,886
5,580
6,746
3,458
3,569
2,656
4,095
4,351
4,823
237
237
211
1,488
5,053
4,617
1,755
5,290
8,661
3,882
3,637
4,329
4,340
5,992
10,324
5,648
6,834
10,324
2,535
4,736
3,519
3,497
5,899
6,393
1,970
5,175
8,335
6,730
5,350
5,765
5,564
5,389
7,958
10,257
5,839
8,100
5,432
4,011
3,169
7,076
5,081
.
.
.
April
May
June
July
August.
.
September
1,838
253
231
204
Source:
Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
1/ Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U. S. Government obligations
purchased by them for their ovm account, or for the account of their
customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars inviting subscriptions to the issues.
2/ Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows:
Withheld income tax beginning
1,763
30
1,995
1,638
4,943
4,400
79
3,730
^
«
5,432
March 1948; taxes on employers and employees under the Federal
Insurance Contributions Act beginning January 1950, and under the
Railroad Retirement Tax Act beginning July 1951; and a number of
excise taxes beginning July 1953.
Under a special procedure begun in March 1951, authorization may be
given for income tax payments, or a portion of them, made by checks
of $10,000 or more drawn on a special depositary bank, to be credited
This procedure is
to the tax and loan account in that bank.
followed during some of the quarterly periods of heavy tax payments.
Less than $500,000.
V
.. ..
Treasury Bulletin
24
_DEBT OOTSTANDING.
Table 1.- Summary of Federal Securities
(In millions of dollars)
year or
month
Total 1/
Guaranteed
securities
Public
debt 2/
Matured debt and debt bearing no interest
Interest-bearing debt
Total outstanding
End of
fiscal
Public
debt
y
Guaranteed
securities
Public debt
Special notes to -
Total
Total
Matured
1/
International
Monetary
Fund
International
Development
Association
^
InterAmerican
Development bank
Other
6/
460
444
430
417
1956
1957
1958
1959
272,825
270, 63i
276, /X4
28i,817
272,751
270,527
276, 3i3
28i,706
7i
107
101
111
269,956
268,592
274,798
281,944
269,883
268,486
274,698
281,833
106
101
110
2,869
2,042
1,646
2,873
2,868
2,042
1,646
2,873
666
529
597
476
1,742
1,068
618
1,979
1960
1961
1962
1963
286, i71
289,211
298, 6i5
306, i66
286,3^1
288,971
298,201
305,860
liO
2i0
607
283,380
285,911
294,886
302,559
283,241
285,672
294,442
301,954
139
240
444
605
3,090
3,300
3,759
3,907
3,090
3,299
3,759
3,906
445
349
438
310
2,238
2,496
2,667
2,922
58
115
129
125
407
396
484
420
1962- December.
303,988
303,^70
518
299,726
299,209
517
4,262
4,261
551
3,012
151
125
422
125
125
125
125
125
125
421
421
420
421
421
420
125
125
125
418
417
416
1963- January. .
February.
March
April
Hay
June
July
August. .
September.
.
303, 9i8
303, il7
305,179
306, /166
30i,638
302,993
303,166
305, 20i
305,860
305, i82
307,209
307,328
304,835
306,535
306,635
303,5a
303,728
305,781
AU
607
299,858
301,107
299,525
299,750
301,762
302,559
299,332
300,571
298,978
299,189
301,186
301,954
647
674
693
301,583
303,197
303,356
300,938
302,525
302,664
531
5il
548
562
577
73
576
605
4,090
4,072
4,016
3,978
4,019
3,907
4,085
4,068
4,015
3,977
4,018
3,906
393
391
354
298
345
310
2,995
2,980
2,965
2,981
2,976
2,922
151
151
151
151
151
129
645
673
692
3,898
4,011
3,972
3,896
4,010
3,971
263
310
273
2,961
3,028
3,028
129
129
L29
526
537
547
561
Source:
Daily Treasury statement.
Includes certain obligations not subject to statutory limitation,
1/
For
amounts subject to limitation, see page 1,
2/ Includes debt incurred for advances to certain wholly owned Government
agencies in exchange for which their obligations were issued to the
Treasury (see Table 6).
2/ Held outside the Treasury.
ij
^
6/
Guaranteed
securities 2/
(matured)
55
Consists of Federal Housing Administration debentures, and also D. C.
Armory Board stadium bonds beginning July 1959.
Special notes of the United States issued to the International Monetary
Fund, the International Development Association, and the Inter-American
Development Bank in payment of part of the U. S. subscription to each.
For current month detail, see "Statutory Debt Limitation," Table 2.
Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
Computed annual interest rate
Total interest-bearing securities
End of
fiscal year
Amount
outstanding
Public debt
and guaranteed securities 1/
Computed annual
interest charge
Public
debt
Public debt
and guaranteed securities 1/
Public
debt
Public debt
Total
interestbearing
securities
Non-
Marketable issues
Total
public
debt
marketTotal
Bills
2/
1/
Certificates
Treasury
bonds
able
issues
Special
issues
v
Guaranteed
securities
1/
1956
1957
1958
1959
269,956
268,592
274,798
281,944
269,883
268,486
274,698
281,833
6,952
7,328
7,248
8,069
6,950
7,325
7,245
8,066
2.576
2.730
2.638
2.867
2.576
2.730
2.638
2.867
2.427
2.707
2.546
2.891
2.654
3.197
1.033
3.316
2.625
3.345
3.330
2.842
2.075
2.504
2.806
3.304
2.485
2.482
2.576
2.619
2.824
2.853
2.892
2.925
2.705
2.635
2.630
2.694
2.606
2.611
2.622
2.628
1960
1961
1962
1963
283,380
285,911
294,886
302,559
283,241
285,672
294, 4A2
301,954
9,320
8,769
9,534
10,141
9,316
8,761
9,519
10,119
3.297
3.072
3.240
3.361
3.297
3.072
3.239
3.360
3.449
3.063
3.285
3.425
3.815
2.584
2.926
3.081
4.721
3.073
3.377
3.283
4.058
3.704
3.680
3.921
2.639
2.829
3.122
3.344
3.219
3.330
3.364
3.412
2.772
2.803
2.891
3.003
2.681
3.144
3.500
3.658
1962- December
299,726
299,209
9,859
9,641
3.298
3.297
3.357
3.362
3.852
3.241
3.395
1963-January
February.
March.
April.
May
June
299,858
299,525
299,750
301,762
302,559
299,332
300,571
298,978
299,189
301.186
301,954
9,868
9,926
9,955
9,978
10,065
10,141
9,849
9,906
9,935
9,958
10,044
10,119
3.299
3.305
3.332
3.338
3.345
3.361
3.299
3.304
3.332
3.337
3.360
3.357
3.361
3.399
3.405
3.409
3.425
2.992
3.001
3.024
3.040
3.051
3.081
3.362
3.297
3.283
3.283
3.283
3.283
3.851
3.912
3.892
3.907
3.922
3.921
3.243
3.259
3.325
3.328
3.328
3.344
3.396
3.400
3.404
3.408
3.409
3.412
2.893
2.911
2.918
2.915
2.961
3.003
3.610
3.616
3.625
3.653
3.661
3.658
301,583
303,197
303,356
300,938
302,525
302,664
10,151
10,290
10,368
10,128
10,265
10,342
3.375
3.403
3.428
3.374
3.402
3.428
3.440
3.479
3.512
3.147
3.248
3.340
3.283
3.216
3.213
3.921
3.902
3.899
3.344
3.359
3.416
3.415
3.419
3.433
3.018
3.043
3.039
3.673
3.685
3.700
.
.
.
.
.
July
August.
September
.
301 107
,
Source:
On the basis of the daily Treasury statement.
Note:
The computed annual interest charge represents the amount of interest
that would be paid if each interest-bearing issue outstanding at the end
of each month or year should remain outstanding for a year at the
applicable annual rate of interest. The charge is computed for each
issue by applying the appropriate annual interest rate to the amount
outstanding on that date (the amount actually borrowed in the case of
securities sold at a premium or discount, beginning with May I960).
The aggregate charge for all interest-bearing issues constitutes the
total computed annual interest charge.
The average annual interest
rate is computed by dividing the computed annual interest charge for
3.3a
1/
2/
"^
4/
3.584
the total, or for any group of issues, by the corresponding principal
amount.
Beginning with data for December 31, 1958, the computation is
based on the rate of effective yield for issues sold at premium or
discount.
Prior to that date it was based on the coupon rate for all
issues.
Guaranteed securities included are those held outside the Treasury.
Total includes "Other bonds" through 1960; see Table 3.
Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
On United States savings bonds the rate to maturity is applied against
the amount outstanding.
October 196J
25
.DEBT OUTSTANDING.
Table 3.- Interest -Bearing Public Debt
(In millions of dollars)
Public issues
Marketable
Nonmarketable
End of
fiscal
Total
interest-
year or
month
bearing
public
debt
Total
public
issues
1956
1957
1958
1959
269,883
268, i86
27i,698
281,833
224,769
221,658
228,452
237,078
154,953
155,705
166,675
178,027
20,808
23,420
22,406
32,017
16,303
20,473
32,920
33,843
35,952
30,973
20,416
27,314
81,890
80,839
90,932
84,853
69,817
65,953
61,777
59,050
57,497
54,622
51,984
50,503
12,009
11,135
9,621
8,365
310
196
171
183
1960
1961
1962
1963
283,241
285,672
238,342
240,629
249,503
257,153
183,845
187,148
196,072
203,508
33,415
36,723
42,036
47,230
17,650
13,338
13,547
22,169
51,483
56,257
65,464
52,145
81,297
80,830
75,025
81,964
54,497
53,481
53,431
53,645
47,544
47,514
47,607
48,314
6,783
5,830
4,727
3,921
170
117
138
103
1962-Dec.
299,209
255,784
203,011
48,250
22,710
53,679
78,371
52,772
47,535
4,443
1963- Jan.
299,332
300,571
298,978
257,142
258,084
256,774
203,959
204,751
203,472
48,944
49,941
48,530
22,710
23,733
21,760
53,697
49,996
53,368
78,608
81,081
79,813
53,183
53,333
53,303
47,742
47,893
43,021
299,189
301,186
301,954
257,585
257,625
257,153
204,323
204,101
203,508
49,430
49,733
47,230
21,760
22,169
22,169
53,042
52,126
52,145
80,091
80,072
81,964
53,261
53,524
53,645
300,938
302,525
302,664
257,214
257,006
203,491
203,233
204,282
47,222
47,219
48,218
22,169
16,988
15,494
52,154
58,562
81,946
80,463
86,456
53,723
53,773
53,732
48, 549
294,
U2
301,954
Feb.
Mar.
Apr.
May.
June
July
Aug.
Sept
Treasury
Certificates
258,014.
Bills
Notes
54,
Treasury-
savings
bonds
bonds 1/
lU
Source:
Daily Treasury statement.
1/ Includes $50 million of Panama Canal bonds for fiscal years 1956-60.
2/ Consists of certificates of indebtedness and from January 1963 Treasury
notes sold to foreign governments for U.S. dollars.
2/ Consists of the dollar equivalent of Treasury certificates of
4/
bonds,
invest-
ment
series
Depositary
bonds
Foreign
series
securities 2/
Foreign
currency
series
securities 2/
other
4/
45,114
46,827
46,246
U,756
860
648
75
630
19
25
29
44,899
45,043
44,939
44,801
110
360
299
26
43,426
4,410
4,354
4,199
108
108
108
468
423
420
429
529
529
26
26
26
42,191
42,487
42,204
48,113
48,231
48,314
3,978
3,945
3,921
105
104
103
458
30
41 604
30
648
577
630
630
29
43,562
44,801
48,427
3,899
3,882
3,813
103
102
101
610
505
488
655
705
705
29
29
28
45,519
44,650
48,597
583
,
43,724.
indebtedness and from October 1962 Treasury bonds issued and
payable in designated foreign currencies.
Includes mainly Treasury bonds. Rural Electrification Administration series beginning July 1960 and retirement plan bonds beginning January 1963.
Table 4.- Average Length and Maturity Distribution of Marketable Interest-Bearing Public Debt
(
Special
issues
1/
In millions of dollars)
Maturity classes
End of
fiscal year
or month
Amount
outstanding
1-5
Within
1 year
years
5
- 10
years
10 - 20
20 years
years
and over
Average length
1956
1957
1958
1959
154,953
155,705
166,675
178,027
58,714
71,952
67,782
72,958
34,401
40,669
42,557
58,304
28,908
12,328
21,476
17,052
28,578
26,407
27,652
21,625
4,351
4,349
7,208
8,088
5 yrs.
4 yrs.
5 yrs.
4 yrs.
4 mos.
9 mos.
3 mos.
7 mos.
I960
1961
1962
1963
183,845
187,148
196,072
203,508
70,467
81,120
88,4A2
85,294
72,844
58,400
57,041
58,026
20,246
26,435
26,049
37,385
12,630
10,233
9,319
8,360
7,658
10,960
15,221
14,444
4 yrs.
4 yrs.
4 yrs.
5 yrs.
4 mos.
6 mos.
11 mos.
1 mo.
1962- December.
203,011
87,284
61,640
33,983
4,565
15,539
4 yrs.
11 mos.
1963-January
February.
March. ...
203,959
204,751
203,472
87,978
88,951
81,647
61,657
59,003
61,328
33,975
36,458
37,962
4,566
4,566
6,770
15,782
15,774
15,764
4 yrs.
4 yrs.
5 yrs.
10 mos.
10 mos.
1 mo.
204,323
204,101
203,508
82,469
87,797
85,294
61,079
58,007
58,026
37,952
35,485
37,385
6,770
6,769
8,360
16,054
16,043
yrs.
yrs.
yrs.
203,491
203,233
204,282
85,286
85,976
83,070
58,035
60,856
58,085
37,376
33,622
39,100
8,359
8,359
8,358
14,435
14,420
15,669
.
.
April.
May
June
July
August.
September
.
Source:
Office of Debt Analysis in the Office of the Secretary.
1/ All issues are classified to final maturity except partially tax-exempt
14,
4U
yrs.
yrs.
yrs.
mo.
mo.
mos,
mos.
3 mos.
The last of
bonds, which have been classified to earliest call date.
these bonds were called on August 14, 1962, for redemption on
December 15, 1962.
Treasury Bulletin
26
.DEBT ODTSTANDING.
Table 5.- Special Public Debt Issues to United States Government Investment Accounts
October 196J
27
DEBT OUTSTANDING
Table 6.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Agriculture Department
End of
fiscal
year or
month
Total
Agency
for
International
Development 1/
Commodity
Credit
Corporation
Rural
Electrification
Administration
1956
1957
1958
1959
1960
1961
1962
1963
20,0^9
22,731
21,859
25,343
25,636
26,011
28,634
29,166
1,213
1,198
1,188
1,164
1,138
1,107
1,062
807
11,190
13,383
11,528
12,874
12,704
11,534
12,990
13,599
2,343
2,519
2,728
2,923
3,155
3,332
3,484
1962-Deceniber.
28,7i8
818
1963-January.
February
March. .
28,927
28,781
28,847
April. ...
May
June
July
August.
September
.
.
Secretary:
Farmers'
Home
Administration
programs
2/
151
265
256
323
369
Import
Bank of
AdminisWashington trator
1/
V
Federal
National
Mortgage
Association
^
Public
Housing
Administration
Saint
Lawrence TennSeaway
essee
Develop- Valley
ment
AuthorCorpoity
ration
1,954
1,741
1,502
2,351
2,338
3,202
3,167
2,716
16
41
35
27
29
32
32
25
48
3,657
165
282
476
730
977
1,213
1,567
2,005
38
456
854
1,027
1,239
1,205
1,528
1,937
1,636
1,698
1,830
1,476
97
112
118
121
121
123
12,884
3,572
973
1,680
1,778
3,166
83
121
818
818
817
12,926
12,921
12,769
3,652
3,652
3,742
988
1,652
1,643
1,650
1,848
1,868
1,882
3,177
3,050
3,058
28
28
97
121
991
1,015
29,040
29,077
29,166
817
817
807
13,017
13,325
13,599
3,742
3,742
3,657
1,040
1,040
1,027
1,700
1,498
1,476
1,935
1,990
2,005
2,876
2,783
2,716
27,335
27,723
27,744
757
757
757
11,880
12,205
12,280
3,737
3,737
3,737
1,053
1,062
1,067
1,281
1,290
1,275
2,033
2,085
2,085
2,682
2,642
2,609
Source:
Daily Treasury statement.
Note:
These securities were issued to the Treasury in exchange for advances by the Treasury from public debt receipts under congressional
authorization for specified government corporations and other agencies
to borrow from the Treasury.
Further detail may be found in the 1962
Annual Report of the Secretary of the Treasury, page 850, and the 1962
Combined Statement of Receipts, Expenditures and Balances of the United
States Government, page 514.
1/ And predecessor agencies.
Beginning fiscal 1957 figures exclude notes
previously issued by the Administrator in connection with informational
media guaranties.
The obligations for these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S.G. 1442), and the notes together with
others issued for the same purpose are included in "Other."
Farm housing and other loan programs, and Agricultural Credit Insurance
2/
Fund (formerly Farm Tenant Mortgage Insurance Fund).
2/ Includes securit'les transferred from the Reconstruction Finance Corporation, but excludes securities issued under the Defense Production
Act.
The urban renewal program
Consists of notes issued to borrow for:
^
Housing and Home
Finance Agency
Export'
^
^
7/
Veterans'
Administration:
Direct
loan
program
Under
Defense
Production
Act
Other
7/
of 1950
1,1U
50
584
733
780
930
1,180
1,330
1,530
1,730
25
1,640
1,986
122
122
25
50
50
1,690
1,690
1,690
1,979
1,925
1,925
22
29
58
25
25
122
123
123
50
50
50
1,730
1,730
1,730
1,923
1,923
1,923
29
29
29
54
96
123
123
50
50
1,730
1,730
1,922
1,912
34
34
61
123
75
1,730
1,912
35
1,294
1,723
1,950
1,970
1,964
1,976
1,923
11
21
18
22
21
22
22
29
22
(formerly slum clearance program); college housing loans; and public
facility loans.
Consists of liabilities taken over by the Association from the
Administrator in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.C.
1719 (c), 1720 (d), and 1721 (d)) and also securities transferred
from the Reconstruction Finance Corporation.
Consists of notes of:
The Administrator, General Services Administration, for defense materials procurement; the Secretary of Agriculture;
the Secretary of the Interior (Defense Minerals Explorat^-^n Administration); the Export-Import Bank of Washington through ^..drch 1962;
and the Secretary of the Treasury.
Consists of notes issued by the:
Secretary of the Treasury; Small
Business Administration, fiscal years 1956 and 1957; United States
Information Agency for informational media guaranties beginning fiscal
1957 (see footnote 1); Secretary of Commerce (Maritime Administration)
for the Federal Ship Mortgage Insurance Fund fiscal years 1959-61, and
1963-64 beginning March 1963; Virgin Islands Corporation beginning
fiscal 1960; and District of Columbia Commissioners for the Stadium
Sinking Fund beginning June 1962.
.
.
Treasury Bulletin
28
.DEBT OUTSTANDING,
Table 7.- Interest-Bearing Securities Issued by Federal Agencies But Not
Guaranteed by the United States Government
(In millions of dollars)
End of fiscal
year or month
Total
Banks for
cooperatives
Federal
home loan
banks 1/
Federal
intermediate
credit banks
Federal National
Mortgage Association
Federal land
banks 2/ 1/
284.
929
738
456
992
834
924
1,159
1,456
1,322
1,552
1,646
1,888
8,i07
7,765
9,332
10,192
330
382
i30
459
1,259
1,055
1,797
2,770
1,600
1,723
1,855
2,133
2,137
2,357
2,550
2,725
1962-December.
10,133
504
2,707
1,727
1963-January.
February.
March. . .
9,800
9,578
9,267
504
480
480
2,424
2,164
2,014
9,185
9,il5
10,192
490
489
459
1956
1957
1958
1959
3,889
5,013
5,423
6,708
133
179
199
1960
1961
1962
1963
April.
May
June
.
.
July
August. .
September,
.
Management
and liquidating issues
570
570
797
797
issues
100
1,050
1,165
1,290
2,284
2,198
2,556
1,960
145
145
2,628
2,422
145
1,729
1,787
1,842
2,628
2,661
2,661
2,370
2,343
2,126
1,912
2,035
2,770
1,935
2,037
2,133
2,661
2,725
2,725
2,202
2,232
2,233
2,725
2,796
2,796
10,322
459
2,816
10,62i
10,870
473
473
3,036
3,299
797
All other
Tennessee
Valley
Authority
50
October 196J
29
.STATUTORY DEBT LIMITATION.
The Second Liberty Bond Act (Jl U.3.C. 73Tb),
ae amended
by an act approved June 30, 1959i provldee that the face amount of obligations Issued under authority of that act, and
the fac« amount of obligations guaranteed as to principal and
interest by the United States (exoept guaranteed obligations
held by the Secretary of the Treasury )Bhall not exceed In the
aggregate $2S5 billion outstanding at any one time.
The cor-
respondlt^ limitation In effect under the act of June 26,19't6,
was $275 billion and that under the act of September 2, 1958,
In addition, temporary Increases have been
was $2S3 billion.
authorized as follows: %€ billion from August 28, 1954, through
1956 (acts of August 28, 195'+. and June 30, 1555);
from July 1, 1955, through June 30, I957 (act of
billion
t3
July 9, 1956); $5 billion from February 26, 195S, through
June
30,
June 30, 1959 (act of February 26, 1958); $10 billion from
July 1, 1959, through June 30, i960 (act of June 30, 1959); 18
1, I960, through June 30, 196I (act of June
i960); $13 billion from July 1, I96I, through March 12,
1962, and $15 billion from March I3 through June 30, 1962(act8
of June 30, 1961, and March 13, 19o2); 123 billion from July
billion from July
30,
through March 31, I963, $20 billion from April 1
through May 28, I963, $22 billion from May 29 through June
30, 1963, and $2'; billion from July 1 through November 30,
1963, (acts of July 1, I962, May 29, I963, and August 27,
Obligations Issued on a discount basis redeemable
1963).
1,
1962,
before maturity at the option of the owner are Included in
the statutory debt limitation at current redemption values.
Table 1.- Status Under Limitation September 30, 1963
(In millions of dollars)
Maximum amount of securities which may be outstanding at any one time under limitation imposed by the act
of June 30, 1959 (31 U.S.C. 757b), as increased temporarily by the act of August 27, 1963
309,000
Amount of securities outstanding subject to such statutory debt limitation:
U. S. Government securities issued under the Second Liberty Bond Act, as amended.
Guaranteed securities held outside the Treasury
306,269
693
Total amount of securities outstanding subject to statutory debt limitation
306,962
Balance issuable under limitation
2.038
Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding September 30, 1963
(In millions of dollars)
Class of security
Subject to statutory
debt limitation
Public debt
Interest-bearing securities:
Marketable:
Treasury bills
Certificates of indebtedness.
Treasury notes
Treasury bonds
Not subject to statutory
debt limitation
Total
outstanding
:
Total marketable.
32i
163
324
705
705
163
2
2
48,597
48,597
101
101
3,813
3,813
26
26
Total nonmarketable
Special issues to Government agencies and trust funds.
Total interest-bearing securities
53,732
53,732
U,650
44,650
302,664
302,664
273
Matured securities on which Interest has ceased
Debt bearing no interest:
United States savings stamps
Excess profits tax refund bonds
Special notes of the United States:
International Monetary Fund series
International Development Association series
Inter-American Development Bank series
United States notes (less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes.
Other debt bearing no Interest
52
52
1
1
3,028
129
3,028
129
125
125
Total debt bearing no interest
Total public debt
V
191
191
114
114
59
3,335
3fc4
3,698
306,269
36r,
306,635
692
692
Interest-bearing
Matured
1
1
693
693
Total ^aranteed securities
306,962
Total public debt and guaranteed securities.
Daily Treasury statement.
,'04,282
a
,
Source:
20i,282
5i,1U
Nonmarketable:
Foreign series:
Certificates of indebtedness
Treasury notes
Foreign currency series;
Treasury bonds
Treasury certificates
U. S. savings bonds (current redemption value)
U, S. retirement plan bonds
Depositary bonds
Treasury bonds. Investment series
Treasury bonds, R, E. A. series
'guaranteed securities:
86,456
48,218
15,494
54,114
86,456
48,218
1/
Held outside the Treasury.
307,328
366
»
Less than $500,000
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest -Bearing Public Marketable Securities
Outstanding September 30, 1963
Other Than (tegular Weekly Treasury Bills
(
In millions of dollars)
October 196J
31
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding September 30, 1963
Other Than Regular Weekly Treasury Bills - (Continued)
(
In millions of dollars)
5
3
.
Treasury Bulletin
32
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Amounts in millions of dollars)
Description of new issue
Issue date
Maturity
date
Amount of bids accepted
Amount
maturing on
issue date
of new
offering
Total of
unmatured
issues outstanding after
new issues
Number of
days to
maturity 1/
Amount of
bids
tendered
91
182
2,054.4
1,667.7
1,301.7
801.0
1,083.3
743.5
218.3
92.7
57.5
31.5
1,300.5
700.8
16,913.5
20,614.1
91
182
2,119.3
1,714.6
1,301.0
801.8
1,078.9
747.1
222.1
54.7
150.9
58.2
1,300.8
702.3
16,913.7
20,713.6
Total
amount
On conpetitive basis
On noncompetitive basis 2/
In
exchange
Regular weekly bills:
1963-May
2
1963-Aug.
Oct.
May
9
Aug.
Nov.
May
16
Aug.
Nov.
15
14
91
182
2,397.2
1,583.3
1,301.5
800.7
1,054.6
732.1
246.9
68.6
13.4
4.4
1,303.3
701.3
16,911.9
20,812.9
23
Aug.
Nov.
22
21
91
182
2,179.6
1,472.5
1,301.7
800.4
1,079.9
742.1
221.8
May
58.4
141.7
64.1
1,300.3
800.0
16,913.3
20,813.4
May
Aug.
Nov,
29
29
90
31
182
2,034.2
1,411.2
1,302.4
801.3
1,109.3
752.1
193.1
49.2
157.4
2.8
1,300.1
800.7
16,915.6
20,813.9
June
6
Sept
Dec.
5
5
91
182
2,188.0
1,551.8
1,302.6
800.2
1,089.7
749.3
212.9
50.9
137.3
52.9
1,301.3
800.9
16,916.8
20,813.3
Sept. 12
Dec.
12
91
182
2,128.5
1,475.6
1,300.3
800.9
1,056.2
743.5
244.0
U.3
57.5
3.4
1,300.4
801.0
16,916.7
20,813.2
1
31
June
13
June
20
Sept.
Dec.
91
182
2,304.4
1,364.9
1,301.7
800.7
1,058.2
739.6
243.6
61.1
201.7
65.4
1,301.3
800.0
16,917.1
20,813.9
June
27...,
Sept. 26
Dec. 26
91
182
1,912.5
1,441.0
1,301.8
798.8
1,056.9
741.1
245.0
57.7
129.3
44.5
1,300.8
801.6
1
300
800.5
16,918.1
20,811.2
16,918.2
20,810.7
July
July
July
July
5
11
18
25
Aug.
1
Aug.
8
Aug.
r
Oct.
\l9bi, Jan.
3
90
2
181
2,039.7
1,257.3
1,300.6
800.0
1,086.7
754.3
213.9
45.7
189.6
77.4
fl963 Oct.
Il96/i Jan.
10
91
182
2,147.1
1,258.1
1,300.3
800.4
1,046.3
749.2
254.0
51.1
15.1
2.8
1,302.0
800.4
16,916.5
20,810.6
fl963 Oct.
Il96i Jan.
17
91
182
2,098.9
1,272.9
1,300.3
800.1
979.1
732.1
321.2
68.1
14.8
1,300.7
800.0
16,916.0
20,810.7
fl963 Oct.
11964 Jan.
24
91
182
1,848.5
1,463.8
1,300.1
800.5
1,052.3
741.1
247.7
59.4
137.3
62.8
1,300.2
23
16,915.8
20,810.9
("1963 Oct.
11964 Jan.
31
30
91
182
1,987.2
1,457.8
1,300.7
799.9
1,054.8
743.0
245.9
56.9
154.4
61.5
1,301.7
800.0
16,914.8
20,810.9
9
16
3.5
,
.
^00
.
ri963 Nov.
7
11964 Feb.
6
91
182
1,979.8
1,578.0
1,301.3
800.5
1,053.3
740.4
247.5
60.1
196.6
62.6
1,301.0
799.2
16,915.1
20,812.2
15
ri963 Nov.
11964 Feb.
14
13
91
182
2,342.5
1,372.6
1,300.8
800.1
1,036.5
734.8
264.3
65.3
106.4
33.1
1,301.5
800.0
16,914.4
20,812.3
Aug.
22
ri963 Nov.
11964 Feb.
21
20
91
182
2,235.9
1,561.0
1,300.9
800.7
1,049.3
740.2
251.6
60.4
194.1
77.8
1,301.7
800.4
16,913.7
20,812.6
Aug.
29
11963 Nov.
\l964 Feb.
29
27
92
182
2,173.9
1,698.0
1,300.2
800.5
1,080.3
752.4
219.9
48.1
135.1
53.1
1,302.4
800.2
16,911.5
20,812.9
Sept.
5
Sept.
12 p
Sept.
19P
Sept.
26P
fl963 Dec.
5
\1964 Mar.
5
91
182
2,441.0
1,557.7
1,300.9
801.7
1,087.7
752.0
213.1
49.7
271.9
72.2
1,302.6
800.5
16,909.8
20,814.0
(1963 Dec.
11964 Mar.
12
12
91
182
1,958.0
1,133.9
1,300.1
800.0
1,033.0
734.7
267.1
65.2
136.3
53.9
1,300.3
800.3
16,909.6
20,813.7
1
1963 Dec.
11964 Mar.
19
19
91
182
2,118.6
1,257.5
1,300.8
800.7
1,017.8
736.8
283.0
63.9
178.0
73.5
1,301.7
800.6
16,908.7
20,813.9
ri963 Dec.
11964 Mar.
26
26
91
182
2,280.4
1,272.9
1,301.1
799.9
1,028.9
746.1
272.1
53.8
136.5
58.4
1,301.8
800.0
16,907.9
20,813.8
1963-June
June
1964-Mar.
24
24
23
138
94
160
2,061.8
2,442.2
2,957.3
1,000.7
1,502.3
2,001.2
958.4
1,455.0
1,869.1
42.3
47.3
132.2
3,005.2
4,005.9
2,502.9
2,001.2
365
365
3,722.3
4,535.0
2,003.6
2,500.1
1,778.9
2,315.1
224.7
16.3
190.0
2,003.5
2,003.5
8,009.1
8,505.7
365
366
366
363
365
5,244.4
4,047.6
4,495.2
2,631.7
2,394.7
2,496.2
2,500.8
1,997.9
1,001.1
1,002.0
2,252.9
2,310.0
1,783.0
936.9
954.9
243.2
190.7
214.9
64.3
47.0
38.6
84.1
9.0
2,001.3
2,000.8
2,003.6
9,000.6
9,500.6
9,495.0
10,496.1
11,498.1
Tax anticipation bills
1963-Feb.
Mar.
Oct.
6
22
15p
6.7
One-year bills:
1962- July
Oct.
15
15
1963-July
15
Oct.
15
1963-Jan.
Apr.
July
Sept.
Oct.
15
15
15
1964-Jan.
Apr.
July
Aug.
Sept.
3
Ip
15
15
15
31
30
185.1
Source:
Bureau of the Public Debt.
Preliminary figures are from subscrip2/ For 13-week issues, tenders for $200,000 or less, and for 26-week
tion and allotment reports; final figures are on "clearance" basis in
issues, beginning June 11, 1959, tenders for $100,000 or less from
daily Treasury statement.
any one bidder are accepted in full at average price of accepted
1/ The 13-week bills represent additional issues of bills with an original
competitive bids; for other issues, the corresponding amount is
maturity of 26 weeks.
stipulated in each offering announcement.
(Continued on following page)
October 1961
33
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
On total bids accepted
lusue date
Average price
per hundred
Regular weekly bills:
I
Price per hundred
low
Equivalent rate 2/
2.897
2.989
99.274
98.494
9.
[99.266
198.487
2.905
2.993
May
16.
[99.266
198.488
May
ZX
May
2.904
2.991
99.270
98.496
2.888
2.975
99.264
98.485
2.912
2.997
2.903
2.990
99.270
98.494
2.888
2.979
99.265
98.487
2.908
2.993
[99.261
[98.481
2.922
3.005
99.270
98.490
2.888
2.987
99.260
98.478
2.927
3.011
31.
[99.257
|98,455
2.973
3.055
99.260 i/
98.462
2.960
3.042
99.255
98.453
2.980
June
6.
[99.235
198.434
3.027
3.098
99.238
98.438
3.015
3.090
99.233
98.431
3.034
3.104
June
13.
J'99.248
2.975
3.063
99.254
98.458
2.951
3.050
99.245
98.448
2.987
3.070
June
20.
1?8.U2
2.997
3.081
99.245
98.452
2.987
3.062
99.241
98.440
3.003
3.086
June
27.
(99.247
198.448
2.979
3.070
99.252
98.452
2.959
3.062
99.244
98.446
2.991
3.074
July
5.
[99.247
198.445
3.011
3.093
99.255 2/
98.452 10/
2.980
3.079
99.244
98.437
3.024
3.109
July
11.
(99.200
198.346
3.164
3.272
99.211 11/
98.361 12/
121
242
99.184
98.315
3.228
3.333
July
18.
|99.193
I98.304
3.192
3.355
99.203
98.318
3.153
3.327
99.183
98.288
3.232
3.386
July
25.
[99.190
198.297
3.206
3.369
99.195
98.306
3.185
3.351
99.183
98.291
3.232
3.380
Aug.
1.
[99.175
198.282
3.263
3.398
99.183 12/
98.290 IV
3.232
3.382
99.170
98.277
3.284
3.408
Aug.
8.
[99.178
198.287
3.253
3.389
99.183
98.292
3.232
3.378
99.173
98.284
3.272
3.394
Aug.
15.
[99.157
198.261
3.335
3.U1
99.163
98.267 15/
3.311
3.428
99.156
98.254
3.339
3.454
Aug.
22.
[99.152
I98.25O
3.355
3.462
99.154
98.257 12/
3.347
3.U8
99.150
98.246
3.363
3.469
Aug.
29.
[99. 132
3.396
3.494
99.134 18/
98.236 12/
3.389
3.489
99.130
98.231
3.404
3.499
Sept.
3.384
3.487
99.
U6 20/
98.242 21/
3.378
3.477
99. U3
5.
98.235
3.390
3.491
Sept.
12p.
3.343
3.460
99.161
98.262
3.319
3.438
99.150
98.238
3.363
3.485
Sept.
19p.
198.220
3.409
3.522
99.146 22/
98.230
378
501
99.136
93.216
3.418
3.529
Sept.
26p
r99.146
98.227
3.379
3.507
99.150
98.234 22/
3.363
3.493
99.144
98.222
3.386
3.517
98.877
99.254
98.428
2.929
2.855
3.537
98.891
99.261
98.437
2.893
198.452
[99.242
198.234
[99. U5
198.237
(99.155
198.251
r99.138
V
2/
§/
W
Tax anticipation bills:
1963-Feb.
Mar.
Oct.
6
22
15p
One-year bills
:
2V
2V
1962- July
Oct.
15.
15.
96.698
96.989
3.257
2.969
96.730
97.019
1963- Jan.
Apr,
July
Sept.
Oct.
15..
15..
15..
3..
Ip.
96.943
96.887
96.358
96.395
96.364
3.015
3.062
3.582
3.575
3.586
96.958 26/
96.899 22/
96.412 28/
96.410
96.380
^
^
6/
1/
8/
2/
10/
11/
12/
12/
li/
1^
16/
(Percent)
99.266
98.488
Uay
2/
Equivalent rate 1/
2,872
2.979
2,
I
Price per hundred
(Percent)
198.-489
1963- May
1
I
On competitive bids accepted
(Percent)
(99.268
(Continued)
High
Equivalent average
rate 2/
-
Bank discount basis.
Except 4500,000 at 98.498.
Except $1,000,000 at 99.274, $800,000 at 99.270, and $300,000 at 99.265.
Except $400,000 at 99.257 and $1,050,000 at 99.247.
Except $160,000 at 98.442.
Except $300,000 at 99.248.
Except $500,000 at 99.262.
Except $585,000 at 98.456.
Except $200,000 at 99.247, $150,000 at 99.241, $100,000 at 99.239,
$100,000 at 99.238, and $500,000 at 99.219.
Except $100,000 at 98.372 and $1,805,000 at 98.366.
Except $300,000 at 99.190.
Except $100,000 at 98.297.
Except $100,000 at 98.287.
Except $365,000 at 99.180 and $100,000 at 99.163.
12/
23/
12/
22/
21/
22/
22/
2Jj
25/
26/
22^
22/
P
3.060
Treasury Bulletin
34
PUBLIC DEBT OPERATIONS
,
Table 3.- New Money Financing through Regular Weekly Treasury Bllle
1/
(Dollar amounts in millions)
Description of issue
Number of
days to
maturity
Maturity
Issue
date
date
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted
^
New money
increase, or
decrease (-)
(Percent)
1957-JanuBry
February
February
February
February
31.
1957-May
7.
May
Hay
May
May
June
June
U.
21.
28.
91
*2,624
#1,700
3.283
99
23
31
91
91
91
92
2,626
2,719
2,580
2,741
1,700
1,700
1,800
1,802
3.133
3.057
3.182
3.288
99
99
200
6
13
91
91
2,769
2,830
1,800
1,802
3.246
3.239
200
202
9
16
202
March
March
U.
December
December
19.
26.
1958-March
March
20
27
91
91
2,348
2,416
1,700
1,700
3.U0
3.173
100
98
2.
9.
April
April
April
April
3
10
17
24
91
91
91
91
2,388
2,430
2,682
2,751
1,700
1,700
1,701
1,702
2.753
2.858
2.591
2.587
101
100
100
100
1958- January
January
January
January
7.
16.
23.
March
13.
June
12
91
2,436
1,700
1.532
-100
September
September
September
11.
18.
25.
December
December
December
11
91
91
92
2,550
2,636
2,576
1,800
1,800
1,800
2.359
2.604
2.511
100
99
99
October
October
October
October
October
2.
9.
16.
23.
30.
92
91
91
91
91
2,291
2,382
3,088
2,987
2,872
1,801
1,800
1,803
1,800
1,803
2.920
2.668
2.927
2.804
2.647
101
100
104
99
102
November
November
6.
13.
91
92
2,8U
13
2,857
1,802
1,801
2.649
2.774
102
101
December
11.
12
11
91
182
2,407
1,073
1,600
400
2.805
3.081
200
March
19
June
18
91
182
2,476
764
1,600
400
2.904
3.095
200
March
26
25
90
181
2,394
834
1,601
400
2.739
3.017
201
2
2,479
755
1,600
400
2.690
2.920
199
1959-January
January
January
January
January
February
February
March
June
December
18
December
26
June
18
26
2
8
15
22
29
5
1959-January
2
April
July
January
8
April
July
9
9
91
182
2,508
680
1,599
400
2.678
2.959
199
January
15
April
July
16
16
91
182
2,178
734
1,600
401
2.808
3.034
197
91
182
2,090
724
1,500
400
2.816
3.111
101
March
5
March
12
2
90
181
June
September
y...
June
September
11
10
91
182
2,254
967
1,301
400
3.062
3.375
101
June
September
18
17
91
182
2,019
727
1,301
400
2.763
3.058
100
June
September
25
24
91
182
2,122
671
1,300
400
2.766
3.093
100
March
19
March
26
August
13
1959-November
1960-February
12
11
91
182
1,866
875
1,200
400
3.150
3.690
199
August
20
1959-November
1960-February
19
18
91
1S2
1,853
790
1,200
400
3.417
3.782
199
August
27
1959-November
1960-February
27
25
92
182
1,964
693
1,200
400
3.824
4.152
204
19
1960-August
November
18
17
91
182
1,809
961
1,200
500
3.793
4.000
97
26
August
November
25
25
91
183
1,834
897
1,200
500
3.497
3.867
96
1
1
91
182
1,820
996
1,101
500
3.184
3.495
100
19
1961-April
July
20
20
91
182
1,889
995
1,101
400
2.358
2.530
99
26
April
July
27
27
91
182
1,986
1,082
1,100
500
2.230
2.422
200
May
4
3
91
182
2,057
August
1,082
1,101
500
2.299
2.497
201
29
28
91
182
1,924
1,046
1,100
500
2.392
2.576
99
1960-May
liay
June
1961-January
January
February
March
2
2
30
Footnotes at end of table.
September
December
June
September
(Continued on following page)
October 1961
35
PUBLIC DEBT OPERATIONS.
Table 3.- New Money Financing through Regular
Weekly Treasury Bills i/-(Contlnued)
(Dollar amounts in millions)
Description of issue
Issue
date
1961-Aprll
April
May
Maturity
date
6.
1961-July
October
6
13.
July
October
13
13
August
November
2
August
Nov^nber
10
9
<;.
5
3
May
11.
July
20.
October
1962- January
19
18
August
31.
1961-November
1962-March
30
October
19
January
April
18
19
October
26
January
April
25
26
1962-February
1
February
15,
February
23,
March
1,
March
8,
March
15.
March
22.
March
29.
April
5.
April
12.
April
19.
April
26.
May
10.
May
2/t.
May
31.,
J\ine
7.,
June
U.,
June
21.,
June
28..
July
5..
July
12..
July
19..
July
26..
May
August
1
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills i/-(Continued)
(Dollar amounts in millions)
Description of issue
Number of
days to
maturity
Maturity
Issue
date
date
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted Z/
New money
increase, or
decrease (-)
(Percent)
1962-August
2
August
9
August
16
August
23
August
30
6
September
13
September
20,
September
October
91
182
2,161
1,301
1,576
700
2.874
3.075
8
7
91
182
1,972
1,203
1,301
700
2.801
2.990
197
fl962-November
\l963-February
15
U
91
182
2,078
1,766
1,301
704
2.867
3.060
204
fl962-November
\l963-February
23
21
92
182
2,003
1,651
1,301
700
2.837
2.984
99
fl%2-November
29
28
91
182
2,248
1,259
1,301
700
2.805
2.916
100
6
7
91
182
2,054
1,332
1,301
700
2.834
2.977
100
fl962-December
Il963-March
13
U
91
182
2,377
1,291
1,301
701
2.789
2.911
101
fl%2-December
20
21
91
182
2,265
1,375
1,301
700
2.7%
\l963-March
ri962-December
\1963-March
27
28
91
182
2,150
1,777
1,300
700
2.749
2.938
100
3
1%3-January
jl962-November
September
27
^
'\1963-February
1.196 3-February
j'l962-December
\1963-March
11
18
October
25
91
182
2,011
1,505
1,300
701
2.752
2,902
100
January
April
10
11
91
182
2,136
1,631
1,301
701
2.760
2.864
100
(January
April
17
18
91
182
2,225
1,436
1,300
700
2.749
2.843
98
January
April
24
25
91
182
2,133
1,394
1,301
700
2.742
2.828
102
J
January
May
31
2
91
182
2,207
1,573
1,301
701
2.686
2.775
101
\
/
February
May
91
182
2,249
1,761
1,301
702
2.841
2.927
101
I
7
9
91
182
2,325
1,436
1,302
701
2.801
2.846
103
90
181
2,409
1,274
1,300
800
2.833
2.892
199
.31
91
183
2,042
1,528
1,300
801
2.853
2.936
199
7
6
91
182
2,108
1,663
1,300
801
2.861
2.945
98
f
J
I.
November
November
1
8
November
15
November
23
November
29
December
6
December
13
{February
U
May
16
February
21
May
23
(February
28
J
I
May
f
March
\
June
March
U
June
13
91
182
1,973
1,321
1,301
801
2.807
2.861
101
f
March
I
June
21
20
91
182
2,092
1,2A8
1,301
800
2.860
2.900
99
f
March
28
27
91
182
2,660
1,322
1,309
802
2.893
2.924
110
91
183
2,220
1,340
1,301
801
2.926
2.966
101
91
1,301
800
2.920
2.966
100
J
\
December
December
196 3- January
January
20
27
3
10
1
June
f
April
July
4
April
July
11
11
182
2,196
1,542
27
26
91
182
2,133
1,459
1,301
800
2.919
2,977
92
July
October
5
3
92
182
2,081
1,454
1,300
800
2.922
2.982
98
July
October
11
10
91
182
2,292
1,553
1,302
801
2.913
2.978
IQZ
July
October
18
17
91
182
2,352
1,485
1,301
800
2.917
3.010
100
July
October
25
24
91
182
2,259
1,670
1,300
801
2.884
2.982
99
1
f
I
March
April
April
28.
4
11,
{June
September
r
\
f
\
April
18,
f
\
April
25,
f
1
Footnotes at end of table.
101
4
\
October
2.962
ri963-January
April
\
October
199
1
31
(1962-November
5
(Continued on following page)
October 1961
37
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Etegular Weekly Treasury BlIlsV- (Continued)
(Dollar amounts in millions)
Description of issue
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Date subscrip-
October 196J
39
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscription books
opened or bill
tenders received
Period to final
maturity
(years, months,
days ) 2/
Date
Description of security
of
1/
issue
Amount of subscriptions tendered
Cash
2/
Exchange
Amount issued
For
cash
In exchange
j/
i/
Allotment
ratio
(In millions of dollars)
8/13/59
7/8/59
10/1/59
8/
3.719)6 Bill
3/22/60
1-1/2)6 Note
lO/l/64-EO
10/6/59
10/15/59
5i6
Note
8/15/64-B
lO/u/59
10/21/59
4.783JS Bill
6/22/60
11/2/59
ril/15/59
]_ll/l5/59
11/23/59
4-3/456 Certificate
4-7/8)6 Note
^
Tax ant.
(Reopening)
Tax ant. 2/
(At auction)
11/15/60-C
11/15/63-C
11/2A/59
12/2/59
4.860)6 Bill
10/17/60 - At auction
I/5/6O
iO/21/59
4.726)6 Bill
6/22/60 - Tax ant.
(Reopening
I/15/6O
2/1/60
8/
-4/4/60
/
5/15/64-A - Reopening
at 99-3/4
1/15/61 - At auction
2/15/61-A
11/15/64-C - Issued at 99.75
4/1/60
1-1/2)6 Note
4/1/65-EA
4/5/6O
4-1/4)6 Bond
5/15/75-85
5/15/62-E
•[4/14/6O
4/12/60
4/15/60
5/2/60
/ 5/15/60
4)6
Note
4.608)6 Bill
\ 6/23/60
3-3/4)6 Note
3-7/8)6 Bond
5/15/64-D
5/15/68
7/13/60
2.823)6 Bill
3/22/61
Tax ant.
(At auction)
7/12/60
7/15/6O
3.265)6 Bill
7/15/61
At auction
8/1/60
/ 8/15/60
\ 6/23/60
6/8/60
r
7/6/60
3-1/8)6 Certificate
3-7/8)5 Bond
3-1/2)6 Bond
3-1/2)6 Bond
3-1/2)6 Bond
11/15/80
2/15/90
11/15/98
Reopening
At auction
10/3/60
IO/II/6O
10/17/60
3.131)6 Bill
10/16/61
10/18/60
10/21/60
2.788)6 Bill
6/22/61
10/31/60
J11/15/6O
^11/15/60
3-1/4)6 Note
3-3/4)6 Bond
2/15/62-F
5/15/66
11/21/60
10/1/57
4^
Bond
1/11/61
1/15/61
2/6/61
2/15/6I
3/2O/6I
f 3/15/61
At auction
3-3/8)6 Bond
llm
llm
4,556
320
3,893
320
4,404
3,512
3,036
1,501 28/
17,389
5,183 }22/
14m
4|m
ijm
8m
Ji/
{i;^"l^
643
993
2,343
643
993
2,343
100 xi/
9,098
1,213
100
1,502 28/
5,440
3,504
9,098
1,213
148 i8/
148
2i/
3,670
AS/
3m
3m
2,438
3,604
2,438
3,604
5y
675
675
6y
V
172d
9/22/61 - Tax ant.
(At auction)
4/15/62 - At auction
Certificate
3-1/4)6 Note
5/15/62-A
5/15/63-D
2.308^ Bills
f
8/3/61-1
; ."Strip"
\ii/3o/6i
of 18
series 46/
(At auction)
2.903)6 Bill
7/15/62
U/23/60
3-1/4)6 Note
3-3/4)6 Note
3-7/8)6 Bond
ll/15/62-H
8/15/64-E
5/15/68
7/26/61
2.484^ Bill
3/23/62
('10/3/60
3-1/2)6 Bond
3-1/2)6 Bond
3-1/2)6 Bond
11/15/80
2/15/90
11/15/98
Reopening
Issued at 99.375
4,116
2,000 28/
ly
2y
13
12 ,947/
4,174
ly
3y
6y
^
19y
28y
37y
r
9tl!l
(Continued on following page)
2m
5m
2m
^
3,728
1,903
''Z]^
il/
100
^
ii/
1,802
2,004 23/
6,082
5,019
749
3im
240d
Tax ant.
(At auction)
Reopening
Reopening
Reopening
ly
ly
At auction
7/15/6I
f 8/1/61
3,655
1,503
4,673
100
1,502 28/
^
3,897
109. 6d
(Average)
i6/
315
3,300
3m
6m
21/
100
315
5y
5/1/61
Footnotes at end of table.
2,001 28/
3,078
2.827)6 Bill
2/14/58
I10/3/6O
100 22
18,980
4/15/61
J
100
ly
/ 5/15/61
\ 5/15/61
9/11/61
466
470
2,211
6m
4/12/61
7/20/6I
466
3,674
2,113
ly
100
100
ly
2.473)6 Bill
8/1/61
20y
29y
22/
6,938
4,195
3,674
2,113
9m
7y
100
1,504 28/
6,938
4,195
ly
5y
ly
ly
5y
1/15/62
4/3/61
J
2,303
8/15/62-G
4/l/66-iiA
7/11/61
ly
252d
^
3-1/4)6 Note
3-5/8^ Bond
6/14/6I
2,016
9im
1-1/2)6 Note
6/8/61
2,007
2,001
Tax ant.
(At auction)
2.679)6 Bill
3)6
3,965
4,085
8y
4/1/61
8/
32 Od
ly
26/
749
166d
370
6,715
100
7,037
3,011
749 22/
lim
Im
38y
10/1/69
\ 3/15/61
3/28/61
7,037
3,011
5y
Reopening
at lOOf
11/15/66
11/15/67
7/17/61
Reopening
f 10/3/60
[
2,002
11>
8/1/61-C
5/15/68
lO/l/65-EO
2/U/58
3,779
25y
2y
^
1-1/2)6 Note
^
245d
4y
3y
7y
IO/1/6O
8/
9/12/60
6/23/60
2,316
ly
9m
At auction
4/15/61
5/15/61-B
5/15/65-A
490
11,125
5y
4-3/8)6 Certificate
4-5/8)6 Note
\ 5/15/6O
490
lOm
6m
4y
^
5.067)6 Bill
4-7/8)6 Certificate
4-7/8)6 Note
999
ly
4y
4-3/4)6 Note
/ 2/15/60
I 2/15/60
3,216
5y
4y
7/20/59
I/12/6O
216d
5,149
6,082
5,019
749
100
1,273
1,298
1,137
100 42/
3,503
1,273
1,293
1,137
Treasury Bulletin
40
PUBLIC DEBT OPERATIONS.
Table 4.-
Date subscrip-
Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
October 1961
41
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities
Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
Treasury Bulletin
42
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
Subscriptions from savings-type investors totaled $720 million and
were allotted 70 percent. Subscriptions from commercial banks for
their own account totaled $470 million and were allotted 35 percent.
Subscriptions from all other investors totaled $610 million and were
allotted 15 percent. Subscriptions for $25,000 or less were allotted
in full when accompanied by 100 percent payment at the time of entering the subscriptions. All other subscriptions for $5,000 were
allotted in full. Subscriptions for more than $5,000 were allotted
In addition, $50 million of the bonds was
not less than $5,000.
allotted to Government investment accounts. Savings-type investors
were given the privilege of paying for the bonds allotted to them in
installments up to April 23, 1959 (not less than 25 percent by
January 23, 1959, the issue date; 50 percent by February 2^, 1959;
75 percent by March 23, 1959; and full payment by April 23, 1959).
2 a/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 50 percent but in no case
In addition, $100 million of the notes was
less than $100,000,
allotted to Government investment accounts.
25/ Subscriptions from savings-type investors totaled $240 million and
were allotted 65 percent. Subscriptions from commercial banks for
their own accoiint totaled $941 million and were allotted 35 percent.
Subscriptions from all other investors totaled $322 million and were
allotted 20 percent. Subscriptions for $25,000 or less from savingstype investors and commercial banks, and for $10,000 or less from
all others, were allotted in full. Subscriptions for more than
In addithese minimums were allotted not less than the minimums.
tion, $50 million of the bonds was allotted to Government investment accounts,
26/ Full-paid subscriptions of $25,000 or less, totaling $941 million,
were allotted in full. Subscriptions from savings-type investors
totaled $1,361 million and were allotted 45 percent. Subscriptions
from commercial banks for their own account totaled $6,390 million
and were allotted 8 percent, but not less than $1,000 on any one
subscription. Subscriptions from all other investors totaled
$2,433 million and were allotted 5 percent, but not less than $1,000
In addition, $100 million of the notes
on any one subscription.
was allotted to Government investment accounts,
27/ Holders of approximately $1,600 million of Series F and G savings
bonds issued in 1948, which mature in I960, were offered in exchange
the 4-3/4/5 notes, with certain adjustments as of December 15, 1959,
at a price of 99-3/45^. Smaller denominations of savings bonds could
be exchanged for the next higher multiple of $1,000 of the notes upon
payment of any cash difference. Cash payments amounted to $3 million.
28/ Issued as a rollover of maturing one-year bills,
29/ Savings-type investors were given the privilege of paying for the
bonds in installments up to June 15, 1960 (not less than 40 percent
by April 14, the delivery date; 70 percent by May 15; and full
payment by June 15).
In addition to the amounts allotted to the
public, $100 million of the bonds was allotted to Government investment accounts,
30/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 30 percent but in no case
less than $100,000.
In addition, $27.4 million of the notes was
allotted to Government investment accounts,
Subscrip31/ Subscriptions for $25,000 or less were allotted in full.
tions for more than $25,000 were allotted 85 percent but in no case
less than $25,000.
In addition, $71 million of the notes was
allotted to Government investment accounts.
32/ Subscriptions were permitted to be made with payment in cash or in
4-3/4/K Treasiary notes maturing Aiigust 15, I960 (see Table 7, footnote 22).
In addition, in order that holders of 3-5/8^ Federal
National Mortgage Association notes maturing August 23, 1960, might
have an opportunity to reinvest the proceeds, the Secretary of the
Treasury, in behalf of the Association, offered to purchase such
notes on August 15, I960, at par and accrued interest to the extent
that such subscriptions were allotted and the proceeds from the par
amount of the notes were applied to payment, in whole or in part,
for the new securities.
33/ Combined total includes $80 million allotted on subscriptions from
holders of the Federal National Mortgage Association notes maturing
Aug'.'st 23, 1960 (see footnote 32),
Cor.oists of allotments on subscriptions from holders of Treas\iry
j_4/
notes maturing August 15, I960,
35/ Subscriptions from States, political subdivisions, or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts, and the Federal Reserve Banks as provided in the offering
circular, totaled $6,285 million and were allotted in full.
Subscriptions subject to allotment totaled $11,104 million and were
allotted in full up to and including $25,000; all others were allotted
13 percent but in no case less than $25,000.
36/ Subscriptions totaled $1,181 million from savings-type investors and
$100 million from Government investment accounts; both were allotted
25 percent. Subscriptions from commercial banks for their own accounts
totaled $2,708 million and were allotted 20 percent. Subscriptions
from all others totaled $1,190 million and were allotted 15 percent.
Subscriptions for $5,000 or less were allotted in full; subscriptions
for more than $5,000 were allotted not less than $5,000,
23/
-
(Continued)
In addition to the amounts allotted to the public, there was
allotted to Government investment accounts $131.3 million of the
3-1/2^ bonds of 1980, $215,9 million of the 3-l/2% bonds of 1990,
and $236.5 million of the 3-1/2^ bonds of 1998.
38/ Holders of approximately $750 million of Series F and G savings bonds
issued in 1949, which mature in I960, were offered in exchange the
4/6 bonds, with certain adjustments as of December 15, 1960, at a price
Smaller denominations of savings bonds could be exchanged
of IOO2,
for the next higher multiple of $500 of the bonds upon payment of any
cash difference. Cash payments amounted to $365,375.
39/ Subscriptions were permitted to be made with payment in cash or in
4-7/85? Treasury certificates maturing February 15, 1961 (see Table 7,
footnote 17).
40/ Consists of allotments on subscriptions from holders of certificates
of indebtedness maturing February 15, 1961,
41/ Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts and the Federal Reserve Banks, as provided in the offering
circular, totaled $4,364 million and were allotted in full. Subthose
scriptions subject to allotment totaled $14,619 million:
up to and including $10,000 were allotted in full; all others were
allotted 20 percent but in no case less than $10,000.
42/ In addition to the amounts allotted to the public, there was allotted
to the Federal Reserve Banks and Government investment accounts
$39 million of the 3~3/Q% bonds of 1966, and $540 million of the
3-5/8^ bonds of 1967,
43/ Subscriptions were permitted to be made with payment in cash or in
the 4-3/4/K Treasury certificates or 3-5/8/K Treasury notes, both
maturing May 15, 1961 (see Table 7, footnote 20).
44/ Consists of allotments on subscriptions from holders of certificates
of indebtedness and Treasury notes maturing May 15, 1961.
45/ There were allotted in full all subscriptions totaling about $2,379
million for the certificates and $1,258 million for the notes, from
States, political subdivisions or instrumentalities thereof, public
pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central
banks and foreign States, Government investment accounts, and the
Federal Reserve Banks, as provided in the offering circulars. Subscriptions from all other investors were subject to allotment and
totaled $11,445 million for the certificates which were allotted
27 percent, and $11,631 million for the notes which were allotted
12 percent; subscriptions for $25,000 or less were allotted in full,
and subscriptions for more than $25 ,000 were allotted not less than
$25,000.
Sale of a "strip" of Treasury bills, consisting of an additional
4.6/
$100 million for cash of eighteen series of weekly Treasiiry bills
maturing from August 3, 1961, to November 30, 1961.
47/ In addition to the amounts allotted to the public, there was allotted
to the Federal Reserve Banks and Government investment accounts
$480.4 million of the 3-l/2^ bonds of 1980, $160.6 million of the
3-1/2^ bonds of 1990,and $289.5 million of the 3-l/2^ bonds of 1998.
48/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 37 percent but in no case
less than $100,000,
In addition, $100 million of the notes was
allotted to Government investment accounts,
49/ Includes $2 million allotted to Government investment accounts of the
3-1/4/6 notes, $4 million of the 3-3/43E bonds of 1966, and $136 million
of the 3-3/45K bonds of 1974.
50/ Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of eight series of weekly Treasury bills maturing
from December 7, 1961, to January 25, 1962.
51/ Holders of approximately $970 million of Series F and G savings bonds
issued in 1950, which mature in 1962, were offered in exchange the
3-7/8% bonds with certain adjustments as of December 15, 1961, at a
price of 99,50, Smaller denominations of savings bonds could be exchanged for the next higher multiple of $500 of the bonds upon payment of any cash difference. Cash payments amounted to $309,000.
52/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 60 percent but In no case
less than $50,000,
In addition, $100 million of the bonds was
allotted to Government investment accounts.
53/ Includes $3,411 million allotted to Federal Jleserve Banks and Government investment accounts of the 3-1/2/6 certificates and $1,518
million of the ^% notes.
54/ In addition to the amoxints allotted to the public, there was allotted
to Government investment accounts $385 million of the 45? bonds of
1971, $177 million of the A% bonds of 1980, $218 million of the 3-l/2^
bonds of 1990, and $221 million of the 3-l//2?f bonds of 1998,
5p/ Issued for cash and in exchange for tax anticipation bills maturing
March 23, 1962 (see Table 7, footnote 22),
56/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 15 percent but in no case
less than $50,000.
In addition, $100 million of the bonds was
allotted to Government investment accounts.
57/ Includes $2,166 million allotted to Federal Reserve Banks and Government investment accounts of the 3-l/4/f certificates, $14 million of
the 3-5/8^ notes, and $64 million of the 3-7/8^ bonds.
Footnotes continued on following page.
37/
October 1961
43
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
58/
59/
60/
61/
62/
63/
64/
65/
66/
Subscriptions were permitted to be made with payment in cash or in
the iS notes or "i-l/iS notes, both maturing August 15, 1962 (See
Table 7, footnote 23).
Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1962.
Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts, and the Federal Reserve Banks totaled $^,760 million for
the certificates and were allotted in full, in accordance with the
offering circular. Subscriptions from all others totaled $15,395
million and were allotted 12-1/2 percent with subscriptions for
$50,000 or less allotted in full and those for more than $50,000
allotted not less than $50,000.
Subscriptions for the iS bonds totaled $6,743 million and were
allotted 22 percent with subscriptions for $100,000 or less allotted
in full and those for more than $100,000 allotted not less than
$100,000.
In addition, $100 million of the bonds was allotted to
Government investment accounts
All subscriptions for the i-1/4^ bonds were allotted in full. In
addition, $50 million of the bonds was allotted to Government
investment accounts. Savings-type investors were given the privilege
of paying for the bonds allotted to them in installments up to
October 15, 1962 (not less than 30 percent by August 15, 1962, the
issue date; 60 percent by September 15, 1962; and full payment by
October 15, 1962).
there was allotted
In addition to the amounts allotted to the public
to Government investment accounts $21 million of the 3-3/4^ notes
and $320 million of the iS bonds.
Includes $3,796 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/8^ certificates, $1 million of
the 3-1/2? notes, and $6 million of the iS bonds.
Sale of a "strip" of Treasury bills, consisting of an additional
$100 million for cash of ten series of weekly Treasury bills maturing
from January 17, 1963, to March 21, 1963.
Holders of approximately $458 million of Series F and G savings
bonds which mature in 1963 and 1964 were offered in exchange either
the 3-l/S% bonds or the 456 bonds with certain adjustments as of
December 15, 1962, at a price of 99.50. Smaller denominations of
57/
53/
69/
70/
71/
72/
22/
,
74/
25/
-
(Continued)
savings bonds could be exchanged for the next higher multiple of
$500 of the bonds upon payment of any cash difference. Cash payments
amounted to $93,000 for the 3-7/8if bonds and $101,325 for the
4if bonds.
The bonds were sold to a syndicate on the basis of competitive bidding
for reoffering to the public. The winning bid was $99.85111 per
$100 of face amount for a /,% coupon, resulting in a net basis cost
to the Treasury of 4.008210iS, calculated to maturity.
Includes $3,921 million allotted to Federal Reserve Banks and Government investment accounts of the 3-l/4/f certificates and $15 million
of the 3-3/4)6 bonds.
In addition to the amounts allotted to the public, there was
allotted to Government investment accounts $19.8 million of the
3-5/8^ notes, $29.6 million of the J-7/B% bonds of 1971, $151.9
million of the 3-7/8)t bonds of 1974, and $123.9 million of the
4)6 bonds of 1980.
The bonds were sold to a syndicate on the basis of competitive bidding
for reoffering to the public. The winning bid was $100.55119 per
$100 of face amount for a 4-1/8)6 coupon, resulting in a net basis
cost to the Treasury of 4.093145)6, calculated to maturity.
Includes $3,327 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4)6 certificates, and $85 million
of the 3-5/8)6 notes.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 5 percent but in no case
less than $100,000.
Includes $4,149 million allotted to Federal Reserve Banks and Government investment accounts.
One-year bills issued monthly beginning September 3, 1963.
In addition to the amounts allotted to the public, there was allotted
to Federal Reserve Banks and Government investment accounts $23 million of the 3-7/8)6 bonds of 1968, and $171 million of the 4)6 bonds of
1973.
76/
77/
p
Issued for cash and in exchange for one-year bills maturing
October 15, 1963 (see Table 7, footnote 27).
Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of ten series of weekly Treasury bills maturing from
February 6, 1964, to April 9, 1964.
n.a.
Not available.
Preliminary.
Treasury Bulletin
4^
PUBLIC DEBT OPERATIONS.
Table 5.- Securities Issued In Advance Refunding Operations
Securities issued
Date issued
6/23/60
Amount
issued
(In millions)
3-3/4^
3-7/8^
Note
Bond
5/15/64-D
5/15/68
3-1/2)6
3-1/2^
Bond
Bond
11/15/80
2/15/90
3-1/2^
Bond
11/15/98
83,893
320
643
993
V
10/3/60
1,095
1,248
2,343
3-3/8;!
Bond
11/15/66
3-^/8%
Bond
11/15/67
2,438
1,131
1,296
1,177
3/15/61
3
9/15/61
3/1/62
3-1/2%
Bond
II/15/8Q
y
3-1/2%
Bond
2/15/90
V
3-1/2%
Bond
11/15/98
V
A%
Bond
8/15/71
A%
Bond
2/15/80
3-1/2%
Bond
2/15/90 i/
3-1/2%
Bond
3-3/4%
Note
4%
Bond
9/15/62
11/15/98
^
V
Adjustment payments
at issue (per $100
of face value)
1/
By
Treasury
To
Treasury
Effective
interest
rate 2/
Investment
yield 2/
Eligible securities exchanged
October 1961
45
PUBLIC DEBT OPERATIONS
Table
5.-
,
Securities Issued In Advance Refunding Operations -(Continued)
Treasury Bulletin
^6
PUBLIC DEBT OPERATIONS
Table 6,- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills 1/
(In millions of dollars)
Issue
October 1961
47
PUBLIC DEBT OPERATIONS
Table 6.
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bl 1 Is ^Z- (Continued)
(In millions of dollars)
Issue
Treasury Bulletin
48
PUBLIC DEBT OPERATIONS
Table 6.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Blllsi/- (Continued)
(In millions of dollars)
Issue
October 196)
49
PUBLIC DEBT OPERATIONS
Table 7.- DlspoBltlon of Matured Public Marketable Securlt les
Other Than Regular Weekly Treasury Bills
Treasury Bulletin
50
PUBLIC DEBT OPERATIONS
Table 7.- Dlppoeltlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Called or maturing security
Date of
refunding
or retirement
1/
Issue
date
Description
Results of exchange offers
Disposition offers
by Treasury
Amoxint
outstanding
Cash
retirement
Exchange
security
offered
Exchanged
Description of new
security offered
(See also Table A)
Turned
in for
cash 2/
(In millions of dollars)
Certificate
\/t%
|2-lA)S Bond
12-3/8$ Bond
8/1/58-C
9/15/56-59 6/
3/15/57-59 6/
8/1/57
2/1/44
3/1/52
Total
1-1/2)5 Note
3-3/4?5 Certificate
2-l/2$ Bond
11,519
3,818
927
11,519
3,818
927
10,634
2,206
660
885
1,612
267
16,264
16,264
13,500
2,764
6,433
3,300
100
3-3/8$ Certificate - ll/15/59-E
- 5/15/6I-B
[3-5/8$ Note
312
[3-3/8$ Certificate - ll/15/59-E
5/I5/6I-B
b-5/8$ Note
[7,711
14,078
10/1/58- EO
10/1/53
121
12/1/58-D
12/1/57
9,833
9,833
12/15/58
2/15/53
2,368
2,368
12,201
12,201
11,789
412
Total
1,277
778
1-5/8$ Certificate -
8/1/59-C
of 3-3/8$ Certificate
of 3-5/8$ Note
3-3/4$ Certificate Note
U$
2/15/6O-A
2/15/62-D
(3-3/4$ Certificate
Note
U$
2/I5/6O-A
2/15/62-D
2-1/2)6 Certificate
2/Li/59-A
2/14/58
9,770
9,770
8,315
579
876
1-7/8$ Nate
2/15/59-A
5/17/54
5,102
5,102
{'' 048
856
}^' 199
14,872
14,872
12,798
2,075
1,817
1,269
547
13,500
9,128
4,152
[4-3/4$ Note
[4-3/4$ Note
8/15/6O-C
5/15/64-A
433
[4-3/4$ Note
[4-3/4$ Note
8/I5/6O-C
5/15/64-A
Total.
1-1/2)8 Certificate
3/24/59-D
8/6/58
3,567
3,567
1-1/2)6 Note
4/1/59-EA
4/1/54
119
119
l-l/^SS Certificate
5/15/59-B
6/15/58
1,817
3-1/^)6 Bill
5/15/59
10/8/58
2,735
2,735
2.999)5 Bill
6/22/59
11/20/58
2,997
2,997
1-5/8$ Certificate
8/1/59-C
8/1/58
13,500
Note
8/1/6I-A
8/1/57
473
4$
Total.
V
473
6,534
871
306
[4-3/4$ Certificate - II/I5/6O-C
- 11/15/63-C
[4-7/8$ Note
223
[4-3/4$ Certificate - II/15/6O-C
- 11/15/63-C
[4-7/8$ Note
1,502
99
99
11/15/59-E
12/1/58
7,711
7,711
11/15/59-B
10/10/58
1,184
1,184
Total
504
8,894
8,894
i57_
8,365
2,000
2,000
1,684 8/
10,895
10,895
12/22/59
5/15/59
1,500
1,500
3.386$ Bill
1/1 5/60
4/1/59
2,006
2,006 2/
2/I5/6O-A
2/15/59
11,363
11,363
.
1-1/2$ Note
4/1/60- EA
4/1/55
Total.
529
4-7/8$ Note
11/15/63-C
of 4-3/4$ Certificate
of 4-7/8$ Note
10,049
529
[7,037
[3,011
6,829
4,163
370
[4-7/8$ Certificate - 2/15/61-A
- ll/15/64-C
U-7/8$ Note
57
[4-7/8$ Certificate - 2/15/61-A
- 11/15/64-C
U-7/8$ Note
V
3.565$ Bill
3-3/4$ Certificate
8/15/60
5/15/64
V
1,502
10/1/54
9/26/57
of Note
of Note
[9,561
[4,184
2/16/59
8/15/62-B
32
228
9/21/59
Note
5/15/60-B
13,745
10/1/59-EO
Total maturities...
Certificate -
13,973
3.293$ Bill
4$
4$
V
1-1/2$ Note
3-1/2$ Note
[11,363 of 3-3/4$ Certificate
Note
Ll,435 of 4$
V
13,973
'3-3/8$ Certificate
f
109
198
198
11,561
11,561
11,134
427
32
[6,938
[4,195
of 4-7/8$ Certificate
of 4-7/8$ Note
Note
8/15/62-B
9/26/57
f4.075$ Bill
1^3.719$ Bill
3/22/6O
3/22/60
7/8/59
7/8/59
3,005
999
1-1/2$ Note
4/1/6O-EA
4/1/55
57
57
3.835$ Bill
4/15/6O
5/11/59
2,003
2 ,003
5/15/6O-B
5/15/59
1,269
1,269
928
243
98
(4-3/8$ Certificate \4-5/8$ Note
5/15/61-B
5/15/65-A
3-1/2$ Note
5/15/6O-A
2/15/57
2,406
2,406
1,038
1,086
282
/4-3/8$ Certificate "14-5/8$ Note
5/15/61-B
5/15/65-A
3-1/4$ Note
5/I5/6O-B
1/21/59
2,738
2,738
(4-3/8$ Certificate -
5/15/61-B
5/15/65-A
6,413
6,413
4$
'4$
Certificate
Total.
14.783$ Bill
U.726$ Bill
Footnotes at end of table.
6/22/60
6/22/60
10/21/59
10/21/59
159 10/
2,002
2,016
159
3,005 i/
999
V
2,002
2,016
2/
V
V
(Continued on following page)
1,708
784
5,787
246
626
U-5/8$ Note
(3,674
12,113
of 4-3/8$ Certificate
of 4-5/8$ Note
October 196J
51
PUBLIC DEBT OPERATIONS
Table 7.- Dlsposlt Ion of Matured Public Marketable Securlt les
Other Than Regu lar Weekly Treasury Bills - (Continued)
Date of
refunding
or retirement
Treasury Bulletin
52
PUBLIC DEBT OPERATIONS
Table 7.- Dleposltlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
October 1961
53
PUBLIC DEBT OPERATIONS,
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
.
Treasury Bulletin
54
PUBLIC DEBT OPERATIONS
of Matured Public Marketable Securities
Treasury Bills - (Continued)
Weekly
Other Than Regular
Table?.- Dlppopition
Disposition offers
by Treasury
Called or maturing security 1/
Results of exchange offers
Description of new
security offered
(See also Table 4)
Date of
refunding
or retirement
Issue
date
Description
Amount
outstanding
Cash
retirement
Exchange
security
offered
Exchanged
Turned
in for
cash 2/
(In millions of dollars)
3-1/2iS
2-1/2%
8/15/63
Cert.
Bond
8/15/63
8/15/63
8/1 5/62
12/15/54
Total
9/15/63
5,131p
50p
1,i61
1
,461
1,267p
19 3p
6,641
6,641
6,398p
243p
4/
5/
6/
7/
8/
2/
10/
IV
11/15/64-F
317p
3-7/3* Bond
Bond
4*
_4-1/8* Bond
"3-7/8* Bond
Bond
0,
4-1/8* Bond
°3-7/8* Bond
Bond
4*
4-1/8* Bond
11/15/68
8/15/73
5/15/89-94 ii/
11/15/63
8/1 5/73
5/15/89-94 15/
11/15/68
8/1 5/73
5/15/89-94 li/
14-1/8* Bond
8/15/73
5/15/89-94
iV
Bond
14-1/8* Bond
8/15/73
5/15/89-94
i^
620p
500p
375p
194p
213p
126p
777p
Cert.
5/15/54-B
5/15/63
5,693
k-'i/lS
Note
5/15/64-A
7/20/59
4,933
4,933
3-3/4*
Note
5/1 5/64-D
6/23/60
3,893
3,893
^-j/lS
Bond
5/15/66
11/15/60
3,597
3,597
619p
113p
Note
8/1 5/66-A
2/15/62
4,454
4,454
340p
105p
[4*
Ui
r4*
Note
2/15/67-B
3/15/63
4,287
4,237
72 Ip
3-5/8!{
Bond
4-1/8* Bond
8/15/73
5/15/39-94
iV
Bond
r4*
|4-l/8* Bond
8/15/73
5/15/89-94
iV
78 3p
n
Note
8/1 5/67-A
9/15/62
5,282
5,282
32,139
32,139
l-l/2%
Note
lO/l/63-BO
10/1/58
506
2.969*
Bill
10/15/63
10/15/62
2,500
91p
71 7p
132p
6,743p
.
r4*
Bond
1,591p of 3-7/8* Bond
3,392p of 4* Bond
Bond 15/
J,259p of 4-1/8*
506
2,50U 27/
Bureau of the Public Debt. Preliminary figures are from subscription and allotment reports; final figures are on "clearance
basis" in daily Treasury statement.
Original call and maturity dates are used.
All by investors other than Federal Reserve Banks.
1957
Two issues of bills, maturing January 16, 1957, and February 15,
respectively, were rolled over into two issues of tax anticipation
Source:
y
2/
y
.3-3/4* Note
3-1/4*
Total.
10/15/63
5,181
5,693
3-3/4*
10/1/63
5,181
bills, both maturing June 24, 1957.
see
Tax anticipation issue; for detail of offerings beginning 1957,
below.
Table 4; for amounts redeemed for taxes and for cash see "Note"
bonds
During June and July 1953, $491 million of the 2-5/8* Treasury
section
of 1965 was purchased by the Treasury for retirement under
754a).
19 of the Second Liberty Bond Act, as amended (31 U.S.C.
Called on May 14, 1958, for redemption on September 15, 1958.
on
redeem
to
Represents amount which owners exercised the option
August 1, 1959 (see Table 4, footnote 9).
Holders of the 4* notes, who had the option to redeem at par on
February 15, I960, by giving notice not later than November 16, 1959,
were permitted to exchange their holdings on November 15, 1959, for
the 4-7/8* notes.
Rolled over into a one-year bill (see Table 4).
Amount which owners exercised the option to redeem on February 15,
1960 (see Table 4, footnote 11).
Advance refunding offering. Pursuant to the provisions of section
Law
1037 (a) of the Internal Revenue Code of 1954 as added by Public
86-346, approved September 22, 1959, the Secretary of the Treasury
Federal
has declared that no gain or loss 'shall be recognized for
income tax purposes upon the exchange of the eligible outstanding
therepurposes,
For
tax
securities solely for the new securities.
fore, the investor will carry the new securities on his books at the
same amount as he had been carrying the eligible securities exchanged.
Gain or loss, if any, upon the obligations surrendered in exchange
redemption of the
will be taken into account upon the disposition
new obligations. See also Table 5.
were
12/ Holders of 2-1/2* Treasury bonds maturing November 15, 1961,
offered the option to exchange the bonds durinrr the period from
allotment if
June 3, i960, to June 13, 1960, inclusive, subject to
subscriptions 'exceeded by 10 percent the offering limits of $3.5
billion for the notes and |1.5 billion for the bonds.
offered preemptive rights to
13/ Holders of the maturing notes were not
them in payexchange their holdings, but were permitted to present
certificates or
ment or exchange, in whole or in part, for the 3-1/8*
of around
the 3-7/8* bonds, which were offered in an aggregate
see Table 4.
J8-3/4 billion. For detail of offering,
allotments of new
14/ Excess of maturing 4-3/4* Treasury notes over
(see Table 4,
securities on subscriptions from holders of those notes
footnotes 32 and 34).
15/ Reopening of an earlier issue.
.
,„ „
>.
1 c
1967, December 15,
16/ Holders of 2-1/2* Treasury bonds maturing June 15,
option
the
offered
were
1969,
December
15,
1968, June 15, 1969, and
September 12, 1960, to
to exchange the bonds during the period from
of 980,
September 20, I960, inclusive, the first for 3-1/2* bonds
two for 3-1/2*
the second for 3-1/2* bonds of 1990, and the other
total
of subbonds of 1993, subject to allotment if the combined
outside limit
scriptions for the bonds of 1990 and 1998 exceeded an
of $4.5 billion.
not offered preemptive
17/ Holders of the maturing certificates were
to present
rights to exchange their holdings, but were permitted
the 3-1/4*
them in payment or exchange, in whole or in part, for
For detail of
notes offered in the amount of around $6.9 billion.
offering, see Table 4.
allotments of new
18/ Excess of maturing 4-7/8* certificates over
securities on subscriptions from holders of those certificates
(see Table 4, footnotes 39 and 40)
page.
Remaining footnotes on the following
October 1961
55
PUBLIC DEBT OPERATIONS
Footnotes to Table 7 -(Continued)
12/
20/
21/
22/
23/
24/
25/
26/
From March 20 through March 22, 1961, owners of 2-1/4)6 bonds of June
15, 1959-62, 2-1/4S8 bonds of December 15, 1959-62, 2-5/858 notes
maturing February 15, 1963, and 2-1/2)8 bonds maturing August 15, 1963,
were granted the option of exchanging their holdings. The first
three were exchangeable for a new 3-5/8)E bond due November 15, 1967,
and the last for a new 3-3/8^ bond due November 15, 1966. Exchanges
were subject to allotment if subscriptions exceeded $5 billion for
the bonds of 1967 or $3 billion for the bonds of 1%6.
Holders of the maturing certificates and notes were not offered
preemptive rights to exchange their holdings, but were permitted to
present them in payment or exchange, in whole or in part, for the
$5,250 million offering of 3% certificates or the $2,500 million
offering of 3-1/4^ notes. For detail of offering, see Table 4.
Excess of maturing 4-3/8)8 certificates and 3-5/8)8 notes over
allotments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 43 and 44).
$1,569 million were redeemed for cash and $168 million were exchanged for the tax anticipation bills dated March 23, 1962 (see
Table 4).
Holders of the maturing notes were not offered preemptive rights
to exchange their holdings, but were permitted to present them
in payment or exchange, in whole or in part, for the $6,500
million offering of 3-1/2)8 certificates, the $1,500 million
oifering of 4)8 bonds, or the $750 million offering of 4-1/4)8
bonds. For detail of offering, see Table 4.
Excess of maturing 4)8 notes and 3-1/4)8 notes over allotments
of new securities on subscriptions from holders of those notes
(see Table 4, footnotes 58 and 59).
From September 10 through September 12, 1962, owners of securities
maturing February 15, 1963 (3-1/2^ certificates, 2-5/8^ notes,
3-1/4)8 notes), and May 15, 1963 (3-1/4)8 certificates, 3-1/4)8 notes,
4)6 notes) were granted the option of exchanging their holdings,
subject to allotment if subscriptions exceeded the offering limits
of *6 billion for the notes and $3 billion for tiie bonds.
Called on August 14, 1962, for redemption on December 15, 1962.
27/
p
Holders of the maturing one-year bills were offered the option to
exchange the bills for the tax anticipation bills dated October 15,
1963 (see Table 4, footnote 76).
Preliminary.
r
Revised.
Note:
Information on retirement of tax anticipation issues referred to
in footnote 4, in millions of dollars
Date of
Treasury Bulletin
56
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (Nonmarke table)
Issued to Official Institutions of Foreign Countries
(Payable in U. S. Dollars)
October 1961
57
PUBLIC DEBT OPERATIONS
Series Securities (Nonmarketable)
T
^ *^"«]f.®:"/°'"®*^"
Issued
to Official Institutions of Foreign Countries (Continued)
...
Treasury Bulletin
58
PUBLIC DEBT OPERATIONS
Table 9.- Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
Amount
(Dollar equivalent)
Month of
activity
Security
Payable
Maturity
date
Issue
date
Interest
rate
(
1961-Oct
Certificates of indebtedness
Nov
Dec
Certificates of indebtedness
Certificates of indebtedness
months from
date of issue
3
Swiss francs
Certificates of indebtedness
{In millions of dollars)
Percent)
1.25
46
lA/62
Swiss francs
Italian lire
1/26/62
1.25
46
1.25
2.70
23
25
Feb
Certificates of indebtedness
Mar
Certificates of indebtedness
Swiss francs
Italian lire
l/i/62
3/9/62
4/4/62
6/8/62
1.25
2.75
50
Apr
Certificates of indebtedness
Italian lire
1/26/62
4/26/62
4/26/62
7/26/62
2.70
2.75
25
May
Certificates of indebtedness
Italian lire
3/9/62
6/8/62
6/8/62
9/7/62
2.75
2.70
4/26/62
7/26/62
7/26/62
10/26/62
2.75
2.90
25
75
June
.
. ,
Certificates of indebtedness
.
23
Italian lire
25
25
Certificates of indebtedness
Italian lire
8/7/62
11/7/62
2.85
Certificates of indebtedness
Italian lire
6/8/62
9/7/62
9/7/62
12/7/62
2.70
2.85
Oct
Bonds
Certificates of indebtedness
Certificates of indebtedness
Certificates of indebtedness
Bonds
Swiss francs
Swiss francs
Swiss francs
Italian lire
Italian lire
10/18/62
10/22/62
10/22/62
7/26/62
10/26/62
1/20/64
4/1/63
7/1/63
10/26/62
1/27/64
2.75
2.00
2.00
2.90
3.00
Certificates of indebtedness
Bonds
Bonds
Bonds
Italian lire
Italian lire
Swiss francs
Italian lire
8/7/62
11/7/62
11/8/62
11/30/62
11/7/62
2/7/64
3/9/64
2/28/64
2.85
3.00
2.75
3.00
75
28
50
/certificates of indebtedness
Italian lire
Italian lire
9/7/62
12/7/62
12/7/62
3/9/64
2.85
3.00
50
Swiss francs
German marks
German marks
1/24/63
1/24/63
1/24/63
5/25/64
4/24/64
7/24/64
2.82
3.13
3.13
30
50
50
Bonds
Mar
Bonds
Italian lire
10/26/62
3/29/63
1/27/64
3/29/65
3.00
3.27
25
Certificates of indebtedness
Bonds
Bonds
Bonds
Swiss francs
Swiss francs
Swiss francs
Austrian
schillings
10/22/62
4/1/63
4/4/63
4/1/63
7/1/64
9/4/64
2.00
2.82
2.83
22
23
j
1
August.
Sept ,
Source:
, ,
429
529
529
22
4/26/63
10/26/64
3.23
25
Bonds
5/16/63
5/16/63
5/20/23
11/16/64
5/16/65
5/20/65
2.82
3.26
3.22
23
20
10
Bonds
Italian lire
11/7/62
6/28/63
2/7/64
6/28/65
3.00
3.30
75
Certificates of indebtedness
Bonds
Bonds
Swiss francs
Swiss francs
German marks
10/22/62
7/1/63
7/11/63
7/1/63
1/1/65
7/11/65
2.00
2.39
3.55
25
25
Bonds
German marks
8/28/63
8/28/65
3.66
50
Italian lire
11/30/62
9/30/63
2/28/64
9/30/65
3.00
3.69
Daily Treasury Statement.
299
}
25
Swiss francs
Belgian francs
Belgian francs
Bonds
299
50
50
50
<
221
75
3.09
3.14
July
150
25
11/16/64
2/15/65
. .
75
25
2/14/63
2/14/63
June.
}
50
German marks
May
75
150
23
22
26
Bonds
f
]
50
Feb
Apr
75
}
50
Aug
1963-Jan
75
}
50
Sept
I^Bonds
}
75
Certificates of Indebtedness
Dec
48
48
July. ...
Nov
46
46
46
months from
date of issue
4/4/62
4/26/62
3
Swiss francs
1962-Jan
Total outstanding
end of month
577
630
75
630
26
655
705
50
50
705
October 196J
59
.UNITED STATES SAVINGS BONDS.
Series E and H are the only savings bonds currently
Series E has been on sale since May 1, 1$^!,
being sold.
and Series H has been on sale since June 1, 1952. Series
1, 1935, through April 30, X^kl.
A-D were sold from March
Series F and G were sold from May
1,
19'H,
through April
30,
1952. Series J and K were sold from May 1, 1952 through
April 30, 1957. Details of the principal changes In issues,
interest yields, maturities, and other terms appear in the
Treasury Bulletins of April 1951, May I952, May I957, October and December 1959, and May and October 196I.
Table 1.- Sales and Redemptions by Series, Cumulative through September 30, 1963
(In millions of dollars)
Treasury Bulletin
60
_ UNITED STATES
SAVIHGS BOHDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
^ctober 196 J
61
.UNITED STAraS SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
-
fContlnued)
(In millions of dollars)
Redemptions
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price
2/
2^/
Accrued
discount
^
Exchanges of
E bonds for
-H bonds
Amount
outstanding
(interestbearing debt)
Series E
Fiscal years:
1941-1955
1956
1957
1958
lOSJ
I960
1961
1962
1963
Calendar years:
19i1-1955
1956
1957
1958
1959
1960
77,019
4,219
3,919
3,889
3,688
3,603
3,689
3,674
3,914
9,184
79,034
4,142
3,875
9,738
1,124
1,143
1,173
1,169
1,224
86,203
5,333
5,052
5,049
4,862
4,797
4,943
5,005
5,300
49,016
4,622
45,883
3,133
3,961
4,981
4,951
4,248
4,196
4,092
4,295
3,673
3,613
661
732
755
1,293
1,372
88,772
5,266
5,018
4,979
4,767
4,856
5,003
4,996
1961
136
108
110
576
372
347
480
458
365
367
306
106
106
124
471
473
360
358
308
135
112
114
,114
1,133
1,161
1,174
1,194
1,254
37,186
37,898
37,969
38,067
38,040
797
886
201
(7,456
721
731
188
219
3,461
742
191
37,817
38,260
39,166
51,262
4,689
5,220
4,658
5,225
4,729
4,249
4,349
47,811
4,018
3,935
3,546
3,595
3,452
670
783
727
883
794
703
754
278
212
199
37,510
38,087
37,885
38,206
37,748
37,597
38,140
38,587
458
332
337
368
272
279
90
60
57
24
16
17
38,680
38,812
38,916
430
385
349
337
320
289
278
65
60
59
19
18
16
38,983
39,089
39,166
495
469
421
378
337
352
311
67
21
279
58
17
291
60
16
39,262
39,378
39,431
2,185
2,185
1,041
1,041
694
694
782
818
704
86
108
196
236
217
322
233
260
298
86
108
196
236
217
322
233
260
298
3,802
3,598
3,632
3,711
3,624
1962
1
1,331
1,386
4,889
5,181
4,394
4,343
4,203
4,437
3,931
4,342
Months:
1963-January.
February
March
.
.
April
May
June
July
August. .
September.
.
Fiscal years:
1952-1955
1956
1957
782
818
704
775
747
604
1958
1959
I960
1961
1962
1963
Calendar years:
1952-lgcs
775
747
604
2,686
2,686
901
631
901
631
887
722
718
828
654
887
722
718
828
654
85
53
March
April
May
June
1956
1957
1958
1959
I960
1961
1962
Months:
1963-January.
February.
.
July
August. .
September,
.
133
143
248
198
294
267
235
133
287
143
248
198
294
267
235
287
85
23
23
53
21
21
49
49
28
28
48
43
40
48
43
40
25
26
28
25
26
28
53
41
39
53
41
39
28
27
35
28
27
35
-
,.,
Treasury Bulletin
62
.UNITED STATES SAVUKJS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
{In millions of dollars)
Matured
Period
Total 1/
Unmatured
Unclassified
Total
Series E
and H
Total
Fiscal years:
6,137
5,109
1951
1952
1953
195i
1955
1956
1957
1958
1959
I960
5,621
1,761
6,515
2,747
7,251
7,8^6
8,958
8,5U.
7,2i9
8,557
5,819
5,716
1961
1962
1963
817
792
5,273
3,941
4,263
4,115
3,730
3,621
4,126
2,673
2,593
2,250
38
702
1,128
1,487
1,826
1,917
1,971
1,906
1,996
2,304
1,733
1,668
1,593
Calendar years:
1951
5,651
1952
1953
195i
1955
1956
1957
1958
1959
I960
5,074
6,U9
6,985
7,301
8,264
9,630
7,255
8,772
6,732
5,595
5,602
1961
1962
Months;
1963-January
February.
March
772
1,015
2,318
3,171
4,230
4,246
4,156
3,393
4,701
3,033
2,555
2,387
254
968
1,328
1,500
2,047
1,891
2,084
1,691
2,433
1,944
1,633
1,656
558
398
405
179
206
138
155
148
April
May
June
446
408
397
173
182
152
118
155
128
July
August, . .
September,
444
394
419
145
175
120
154
123
.
.
241
145
779
Series E
and H
Other
10/
October i96)
63
OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
Total
Federal
securities out-
End of
fiscal
year or
month
standing
1/
1956
1957
1958
1959
272,825
270,634
1960
1961
1962
1963
1962-Deceniber.
April
May
June
July
August.
September.
.
.
Total
out-
standing
Total
Public
issues
Special
issues
Held by private
investors ^/
Held by
Federal
Reserve
Banks public
issues
Held by
Public
marketable
issues
Public
nonmarketable
issues
Total
outstanding
U.
S.
Government
investment
accounts
Held by
private
investors
2/
Matured
debt
and
debt
bearing
no
interest
53,470
55,501
55,842
54,554
8,356
8,674
9,596
9,799
45,114
46,827
46,246
44,756
23,758
23,035
25,438
26,044
192,655
189,949
193,418
201,235
126,304
127,179
134,593
144,983
66,351
62,770
58,825
56,252
73
106
101
110
25
50
54
63
48
56
46
47
2,869
2,042
1,646
2,873
286,471
289,211
298,645
306,466
283,241
285,672
301,954
55,259
56,002
56,296
58,206
10,360
10,959
11,357
13,405
44,899
45,043
44,939
44,801
26,523
27,253
29,663
32,027
201,459
202,417
208,483
211,721
149,546
151,392
157,418
160,361
51,913
51,025
51,065
51,360
139
240
444
605
79
87
167
165
60
153
277
440
3,090
3,300
3,759
3,907
303,988
299,209
55,412
11,987
43,426
30,820
212,977
162,553
50,424
517
160
357
4,262
303,948
305,179
303,541
299,332
300,571
298,978
54,381
54,883
54,972
12,190
12,396
12,768
42,191
42,487
42,204
30,289
30,586
30,963
214,662
215,101
213,043
163,812
164,090
162,050
50,850
51,011
50,994
526
537
547
165
169
161
361
368
386
4,090
4,072
4,016
303,728
305,781
306,466
299,189
3ul,186
301,954
54,167
56,934
58,206
12,563
13,372
13,405
41,604
43,562
44,801
31,182
31,254
32,027
213,840
212,998
211,721
162,879
161,764
160,361
50,961
51,234
51,360
561
576
605
165
160
165
396
416
440
3,978
4,019
3,907
305,482
307,209
307,328
300,938
302,525
302,664
56,921
58,726
58,130
13,196
13,207
13,480
43,724
45,519
W,650
32,468
32,391
32,563
211,550
211,408
211,971
150,102
159,903
160,505
51,448
51,505
51,466
645
673
692
181
190
191
464
483
502
3,898
4,011
3,972
4U
284,817
. .
Held by U. S. Government
investment accounts 2/
Interest-bearing securities guaranteed by the U.S. Government //
269,883
268,486
274,698
281,833
276,
1963- January
February.
March
Interest-bearing securities issued
by the U.S. Government
294,
U2
Source:
Daily Treasury statement for total amounts outstanding; reports
from agencies and trust funds for securities held by U. S. Government
investment accounts; and reports from Federal Reserve System for
securities held by Federal Reserve Banks.
For
1/ Includes certain obligations not subject to statutory limitation.
aiDounts subject to limitation, see page 1.
Z/ Includes accounts under the control of certain U. S. Government agencies
whose investments are handled outside the Treasury.
The total amount of interest-bearing securities held by private investors is calculated by deducting from the total amount outstanding the
amount held by U. S. Government investment accounts and Federal
Reserve Banks.
All are
Consists of guaranteed securities held outside the Treasury.
public marketable issues.
^/
^
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts Handled by the Treasury ^
(In millions of dollars; negative figures are net sales)
Year
1940.
1941.
1942.
1943.
1944.
1945.
1946.
1947.
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961.
1962.
1963.
-9.5
-2.8
-.5
-U.5
-9.9
-67.5
-8.1
-20.9
12.0
30.0
-90.3
-105.1
-48.1
-.7
-6.6
36.8
22.1
24.6
7.0
23.0
-5.7
5.8
-72.9
-11.5
-5.9
-4.7
.1
177.4
-1.8
13.5
261.2
6.7
8.8
-4.0
May
Apr.
Feb.
Jan.
106.8
5.1
6.3
482.7
.5
-1.6
-.7
.3
.4
-16.5
-55.6
3.3
-61.3
-12.1
L.5
.4
-.2
-35.2
-10.0
-34.4
.4
-338.6
-30.
-54.
1.1
8.4
19.9
36.2
-2.9
29.9
-1.
11,
2,
77.2
12.9
-22.4
18.9
10.7
13.4
10.6
62.2
43.1
56.1
18.9
46.7
76.9
-9.8
72.6
-155.9
23.0
16.5
-21.3
47.1
44.0
16.4
19.5
18.2
5.7
313.4
-86.3
53.1
21.8
24.2
39.9
80.7
142.1
293.5
32.3
656.2
-1,
14.
-123.
U.
17.
-5.
35.4
-2.1
July
June
35.
2.8
56.2
Consists of purchases or sales made by the Treasury of securities issued
or guaranteed by the U. S. Govemment for (1) trust funds which by law
are under the control of the Secretary of the Treasury or of the
Treasurer of the United States, and (2) accounts under the control of
certain U. S. Government agencies whose Investments are handled through
It will be noted that these
the facilities of the Treasury Department.
.9
.4
.3
Sept.
Aug.
-2.3
-67.8
-18.5
-17.0
-157.8
-609.1
-8.4
-15.8
-19.0
-.2
-41.2
-308.1
1.1
-88.4
5.1
5.4
-.1
8.2
4.4
3.8
-2.0
3.5
1.5
20.1
-45.5
22.5
398.8
15.8
177.2
9.9
-U.5
15.4
-8.7
73.9
-.3
-1.1
60.0
-5.0
-5.9
4.8
-12.0
-123.0
-14.1
-57.6
221.0
-20.3
696.4
7.2
.1
4.6
5.0
2.8
-.8
11.5
10.7
-3.6
11.7
-1.1
-.2
-.1
7.0
29.0
8.2
U.2
7.9
41.0
234.8
83.9
-67.3
55.1
71.6
105.5
57.3
-25.4
21.3
33.3
43.7
113.1
39.7
27.8
19.5
-.3
20.5
-56.4
-69.8
-359.2
-U5.8
Dec.
Oct.
-4.5
-2.7
-28.1
-12.5
-74.1
-123.1
-4.4
-.2
1.0
.3
.2
A.7
1.4
7.9
1.9
.4
3.5
38.4
-21.7
74.8
-17.2
20.3
-10.0
11.8
-1.7
5.8
8.4
16.5
17.0
21.1
-30.7
49.2
182.4
445.5
32.2
35.5
25.6
61.9
9.4
26.4
19.1
18.3
44.4
17.3
-304.4
8.4
10.3
10.6
28.3
3.4
25.1
325.5
56.2
26.6
17.3
41.1
25.5
36.8
-23.3
.6
373.1
33.5
-59.0
transactions differ from those reflected in Table 1 because they
exclude those Govemment investment accounts for which Investments
are not handled by the Treasury. Table 2 also includes purchases
under Section 19 of the Second Liberty Bond Act, as amended (31
U.S.C. 754a), and excludes the Exchange Stabilization Fund.
Less than $50,000.
8
.. .
,
,
.
.
.
.
.
.
,
,,,
Treasury Bulletin
64
OWNERSHIP OF FEDERAL SECURITIES.
Table 3,- Estimated Ownership of Federal Securitlea
(Par values 1/ in billions of dollars)
Held by private nonbank investors
Held by banks
End of
month
Total
Federal
securitie
outstanding 2/
U.
Commercial
banks
Federal
Reserve
Banks
J/
S.
Government investment
accounts
^
Individuals
Savings bonds
Total
Series
E and H
Other
series
^
Other
securities
Insurance
companies
Mutual
savings
banks
State
and
Corporalocal
tione 6/
governments
Foreign
and international
7/
1939- Dec.
47.6
15.9
2.5
6.5
22.7
10.1
1.9
8.2
6.3
3.1
2.2
19iO- June,
48.5
50.9
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
.4
Dec.
16.1
17.3
.5
.2
.2
19a- June
Dec.
55.3
64.3
19.7
21.4
2.2
2.3
8.5
9.5
25.0
31.0
11.2
13.6
1.1
3.4
4.2
7.6
8.2
7.1
8.2
3.4
3.7
2.0
4.0
.6
.7
.4
1942- June
Dec...
77.0
112.5
26.0
41.1
2.6
6.2
10.6
12.2
37.7
53.0
17.8
23.7
3.7
6.9
5.4
6.5
8.7
10.3
9.2
11.3
3.9
4.5
4.9
10.1
1.0
.4
.8
1943- June
Dec...
140.8
170.1
52.2
59.9
7.2
11.5
14.3
16.9
67.0
81.7
30.9
37.6
11.3
16.0
7.9
8.7
11.7
12.9
13.1
15.1
5.3
6.1
12.9
16.4
1.5
2.1
1.3
1.5
19U- June
Dec...
202.6
232.1
68.4
77.7
14.9
18.8
19.1
21.7
100.2
114.0
46.1
53.3
21.1
25.5
10.1
10.7
14.9
17.1
17.3
19.6
7.3
8.3
20.2
21.4
3.2
4.3
1.4
1.7
19i5- June .
Dec...
259.1
278.7
84.2
90.8
21.8
24.3
24.9
27.0
128.2
136.6
59.1
64.1
29.1
30.7
11.6
12.2
18.5
21.2
22.7
24.0
9.6
10.7
23.3
22.2
5.3
6.5
2.0
2.4
1946- Feb. 2/
June,
279.8
269.9
259.5
93.8
84.4
74.5
22.9
23.8
23.3
28.0
29.1
30.9
135.1
132.6
130.7
64.1
63.3
64.2
30.8
30.4
30.3
12.5
13.1
13.9
20.8
19.9
20.1
24.4
24.9
24.9
11.1
11.5
11.8
19.9
17.8
15.3
6.7
6.5
6.3
2.4
2.2
2.1
1947- June ,
Deo...
258.4
257.0
70.0
68.7
21.9
22.6
32.8
34.4
133.7
131.3
66.6
65.7
30.8
31.0
14.7
15.2
21.1
19.4
24.6
23.9
12.1
12.0
13.7
14.1
7.1
7.3
3.4
2.7
1948- June.
Dec...
252.4
252.9
64.6
62.5
21.4
23.3
35.8
37.3
130.7
129.7
65.8
65.5
31.6
32.2
15.5
15.6
18.6
17.6
22.8
21.2
12.0
11.5
13.6
14.8
7.8
7.9
2.6
2.8
1949- June .
Dec .
252.8
257.2
63.0
66.8
19.3
18.9
38.3
39.4
132.2
132.1
66.6
66.3
33.1
33.8
15.7
15.5
17.8
17.0
20.5
20.1
11.6
11.4
15.8
16.8
8.0
8.1
2.9
2.9
1950- June.
257.4
256.7
65.6
61.8
18.3
20.8
37.8
39.2
135.6
134.9
67.4
66.3
34.5
34.5
15.4
15.1
17.6
16.7
19.8
18.7
11.6
10.9
18.4
19.7
8.7
3.5
4.3
255.3
259.5
58.4
61.6
23.0
23.8
41.0
42.3
132.9
131.8
65.4
64.6
34.5
34.7
14.6
14.4
16.3
15.5
17.1
16.5
10.2
9.8
20.1
20.7
9.4
9.6
4.2
4.3
259.2
267.4
61.1
63.4
22.9
24.7
44.3
45.9
130.8
133.4
64.8
65.2
34.9
35.3
14.1
13.8
15.7
16.0
15.7
16.0
9.6
9.5
18.8
19.9
10.4
11.1
4.7
5.3
1953- June.
Dec...
266.1
275.2
58.8
63.7
24.7
25.9
47.6
48.3
135.0
137.3
66.1
64.8
36.0
36.7
13.2
12.7
16.8
15.4
16.0
15.9
9.5
9.2
18.6
21.5
12.0
12.7
5.7
5.9
1954- June.
271.3
278.8
63.6
69.2
25.0
24.9
49.3
49.6
133.3
135.1
64.7
63.4
37.5
38.2
12.1
11.7
15.1
13.5
15.4
15.3
9.1
16.6
19.2
13.9
14.4
6.0
6.3
Dec,
274.4
280.8
63.5
62.0
23.6
24.8
50.5
51.7
136.7
142.3
65.0
64.7
39.3
40.1
10.9
10.2
14.8
14.5
15.0
14.6
8.7
8.5
18.8
23.5
14.7
15.4
6.8
7.5
1956- June
Dec...
272.8
276.7
57.3
59.5
23.8
24.9
53.5
54.0
138.3
138.2
66.2
65.5
40.9
41.4
9.4
8.7
15.9
15.4
13.6
13.2
8.4
8.0
17.7
19.1
16.1
16.3
7.9
7.8
1957- June
Dec...
270.6
275.0
56.2
59.5
23.0
24.2
55.6
55.2
135.9
136.1
65.6
64.0
41.5
41.6
7.6
6.0
16.5
15.8
12.7
12.5
7.9
7.6
16.8
13.6
16.8
16.6
7.6
7.6
1958- June.
276.4
283.0
65.3
67.5
25.4
26.3
55.9
54.4
129.9
134.8
63.7
63.0
42.1
42.5
5.9
5.2
15.7
15.3
12.2
12.7
7.4
7.3
14.8
18.8
16.3
16.5
6.5
7.7
26.0
26.6
54.6
53.7
142.6
150.3
65.3
68.0
42.6
42.4
4.5
18.3
22.1
12.6
12.5
7.3
6.9
20.8
22.8
16.9
18.0
10.1
12.0
.
.
.
Dec.
.
Dec.
1951- June.
Dec.
1952- June.
Dec.
Dec.
1955- June
.
.
.
Dec...
1959- June
Deo.
.
.
284.8
290.9
.2
3.5
.2
.9
.2
1960- June.
Dec...
286.5
290.4
55.3
62.1
26.5
27.4
55.3
55.1
149.3
145.
68.0
64.7
42.5
42.9
2.7
22.4
19.1
12.0
11.9
6.6
6.3
21.2
20.1
18.8
18.7
12.3
13.0
1961- June .
289.2
296.5
62.5
67.2
27.3
28.9
56,
54,
143.3
145.9
63.1
65.0
43.6
44.2
2.5
2.2
17.1
18.5
11.4
11.4
6.3
6.1
20.0
19.7
19.3
18.7
12.7
13.4
298.6
298.3
302.3
300.0
302.6
305.9
304.0
303.9
305.2
303.5
303.7
305.8
306.5
305.5
307.2
65.0
64.5
64.5
64.6
65.9
65.4
66.5
66.0
65.1
63.9
64.2
63.0
63.5
62.4
60.8
29.7
29.8
30.4
29.8
30.2
30.5
30.8
30.3
30.6
31.0
31.2
31.3
32.0
32.5
32.4
56.5
55.5
57.1
56.4
56.1
57.9
55.6
54.5
55.1
55.1
54.3
57.1
58.4
57.1
58.9
147.6
148.5
150.4
149.1
150.4
152.1
151.1
153.1
154.4
153.6
154.0
154.4
152.6
153.5
155.1
65.0
65.4
65.5
65.7
65.6
65.7
65.9
66.3
66.5
67.2
44.6
44.7
44.8
2.0
2.0
2.0
2.0
1.9
1.9
1.8
1.7
1.7
1.6
1.6
1.6
1.5
1.5
1.5
18.3
18.6
18.7
18.9
18.8
18.9
19.0
19.4
19.4
19.9
19. 2r
18. 8r
18. 3r
18.9
19.0
11.3
11.5
11.5
11.4
11.5
11.5
11.5
11.5
11.4
11.2
11.1
11.0
10.8
10.9
10.9
6.3
6.3
6.3
6.3
6.1
6.1
6.1
6.1
6.1
6.3
6.1
6.1
6.1
6.1
6.1
19.6
20.0
21.1
19.0
19.9
21.8
20.0
21.0
21.6
20.7
21. Or
19.7
19.9
19.9
19.8
19.6
19.3
19.5
19.9
19.9
20.1
20.6
20.6
20.8
21.0
21.3
14.1
14.2
14.6
15.1
15.4
15.4
15.3
15.3
15.2
15.4
15.6
15.9
15.8
15.7
15.9
Dec,
1962- June .
July.,
Aug.
Sept.,
Oot..,
Nov
.
.
.
Dec,
1963- Jan.
.
Feb..,
Mar.
Apr .
May..
June.
July.
.
Augp,
66. 5r
66. 2r
66. 3r
66.5
66.7
Source:
Office of Debt Analysis in the Office of the Secretary.
1/ United States savings bonds, Series A-F and J, are included at
current redemption value.
2/ Securities issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treasury.
2/ Consists of coraraercial banks, trust companies, and stock savings
banks in the United States and in Territories and island possessions.
Figures exclude securities held in trust departments.
3.1
U.9
44.9
45.0
45.1
45.3
45.5
45.6
45.7
45.8
46.0
46.1
46.2
4/
7/
2/
22. 2r
20. 2r
20.7
21.6
Includes partnerships and personal trust accounts.
Discontinued series. See savings bonds tables.
Exclusive of banks and insurance companies.
Consists of the investments of foreign balances and international
accounts in the United States.
Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers.
Immediate postwar debt peak, p
Preliminary.
Revised,
r
October 196)
65
,
TREASUEI SURVEY OF OWNERSHIP, AUGUST 31, 1963
The monthly Treasury Survey of Ownership covers securities Issued by the United States aovernment and by Federal agencies.
The banks and Insurance companies Included
In the Survey currently account for about 90 percent of
all
such securities held by these Institutions. The similar
proportion for corporations and for savings and loan asso-
ciations Is 50 percent, and for State and local governments,
60 percent.
Data were first published for banks and In-
surance companies In the May 19IH Treasury Bulletin, for
Section
I
-
corporations and savings and loan associations In the September i960 Bulletin, and for State and local governments
In the February 1962 Bulletin.
Holdings by commercial banks distributed according to
Federal Reserve member bank classes and nonmember banks are
published for June 30 and December 3I. Holdings by corporate pension trust funds are published quarterly, first
appearing In the March 195!+ Bulletin.
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par values - in millions of dollars)
Treasury Bulletin
66
TREASURY SURVEY OF CWNERSHIP, AUGUST 31, 1963.
Section I - Securities Issued or Guaranteed by the United States Government
Table 3«- Interest-Bearing Public Marketable Securities by Issues
(Par values - in tnillions of dollars)
Held by investors covered in Treasury Survey
State and local
governments
Insurance companies
Issue
Total
amount
outstanding
6,106
commercial
banks
507
mutual
savings
2/
2/
i/
Treasury bills:
Regular weekly:
Sept. 1963 - Nov. 1963
Dec.
1963 - Feb. 1964
27,321
10,403
3,075
1,095
2,500
2,496
2,501
1,998
229
482
640
457
Other:
Oct.
Jan.
Apr.
1963
1964
1964
1964
July
Total Treasury bills
Certificates of indebtedness:
1963-D
Nov^
3-1/8^
Feb.
1964-A
3-1/4
1964-B
May
3-1/4
47,219
4,554
6,741
5,693
Total certificates of
indebtedness
Treasury notes
4-7/85E
Nov.
3-3/4
4-3/4
May
May
5
Aug.
Aug.
Nov.
Nov.
3-3/4
4-7/8
3-3/4
4-5/8
3-1/2
3-5/8
4
3-5/8
3-3/4
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
16,9
:
May
Nov.
Feb.
Aug.
Feb.
Aug.
Oct
Apr.
Oct.
Apr.
Oct
Apr.
Oct.
Apr.
Oct.
Apr.
.
.
1963-C
1964-D
1964-A
1964-B
1964-E
1964-C
1964-F
1965-A
1965-B
1966-B
1966-A
1967-B
Oil
,893
,933
,316
,019
195
,398
113
,954
653
454
.1967-A
,282
506
1963-EO
1964-EA
1964-EO
1965-EA
1965-EO
1966-EA
1966-EO
1967-EA
1967-EO
1968-EA
Total Treasury notes
Treasury bonds:
2-1/2^
June
Dec.
2-1/2
3
2-1/2
2-1/2
2-5/8
2-1/2
2-1/2
3-3/4
3
3-3/8
2-1/2
2-1/2
3-5/8
2-1/2
3-7/8
3-3/4
4
4
4
4
3-7/8
4
4
3-7/8
4-1/4
3-1/4
Feb.
June
Dec.
Feb.
Mar.
Mar.
May
Aug.
Nov.
June
Sept.
Nov.
Dec.
May
Aug.
Feb.
Oct.
Aug.
Aug.
Nov.
Feb.
Aug.
Nov.
1962-67
1963-68
1964
1964-69
1964-69
1965
1965-70
1966-71
1966
1966
1966
1967-72
1967-72
1967
1967-72
1968
1968
1969
1969
1970
1971
1971
1972
May
1972
1974
1975-85
June
1978-83
287
457
490
466
315
675
357
270
457
63
58,562
1,461
1,815
1,634
2,631
2,542
4,682
2,420
1,408
3,597
1,024
1,851
1,313
1,952
3,604
2,768
2,460
3,747
1,844
2,538
1,906
2,806
2,760
2,344
2,579
2,244
470
1,590
5
banJss
300
life
506 fire,
casualty,
and
marine
488
savings
and loan
associations
471
corporations
185
295
genera 1
funds
pension and
retirement
funds
U. S. Government investment accounts
and Federal
Reserve Ban]£s
October 1961
67
.
TEEASUEI SUTRTEY OF OWNERSHIP, AUGUST 31, 1963,
Section I - Securities Issued or Guaranteed by the United
States Government
Table 3.- Interest-Bearing Public Marketable Securities by
Issues -
(Continued)
(Par values - in millions of dollars)
Treasury Bulletin
68
TEEASURI SUWEY OF CWNERSHIP, AUGUST 31, 1963,
Section II
-
Interest-Bearing Securities Issued by Federal Agencies But
Guaranteed by the United States Government
htot
October 196J
69
MARKET QUOTATIONS ON TREASURY SECURITIES,
SEPTmBER 30, 1963
Current market quotations shown here are over-thecounter closing bid quotations In the New York market
for the last trading day of the month, as reported to
the Treasury by the Federal Reserve Bank of New York.
The securities listed Include all regularly quoted public
marketable securities Issued by the United States Treasury, Outstanding Issues which are guaranteed by the United
States Government are excluded.
Treasury Bulletin
70
MARKET QUOTATIONS ON TREASURY SECURITIES, SEPTEMBER 30, 1963
Table 4.- Treasury Bonds
.
October 196J
71
MARKET QUOTATIONS ON TREASURY SECURITIES,
SEPTMBER 30, 1963
Ul
Treasury Bulletin
72
^AVERPOE YIELDS OF LOKG-TERl BONDS.
Table 1.- Average Yields of Treasury and Corporate Bonds by Periods
(Percent per annum)
Trea gury
bonds 1/
Moody's Aaa
corporate
bonds
Period
Treasury
bonds 1/
Moody' s Aaa
corporate
bonds
Treasury
bonds 1/
Moody' s Aaa
corporate
bonds
October 1961
73
AVERAGE YIELDS OF LONG-TERM BONDS
in
a:
(f)
>v
22
.
...
...
Treasury Bulletin
74
.MONETARY STATISTICS.
Table 1.- Money in Circulation
(In millions of dollars except per capita figures)
Paper money £/
End of fiscal
year or month
1955
1956
1957
1958
1959
Total
money in
circulation 1/
Total
paper
money
Gold
certificates
Silver
certificates
Treasury
notes of
1890
United
States
notes
Federal
Reserve
notes
Federal
Reserve
Bank
notes
National
bank
notes
33
33
32
31
2,170
2,148
2,162
2,200
2,155
319
318
321
317
316
25,618
26,055
26,329
26,342
27,029
163
9U
28,372
28,767
29,040
29,071
29,699
1960
1961
1962
1963
32,065
32,i05
33,770
35,470
29,726
29,943
31,117
32,592
30
30
29
20
2,127
2,094
2,009
1,847
318
318
318
319
27,094
27,353
28,622
30,292
100
92
85
78
56
54
53
37
1962- December
35,338
32,557
20
2,001
315
30,102
81
38
1963-January.
February.
March. .
34,093
34,286
34,513
31, 334
31,513
31,718
20
20
20
1,859
1,848
1,842
303
310
313
29,033
29,218
29,426
80
79
37
37
37
34,645
35,067
35,470
31,818
32,216
32,592
20
20
20
1,844
1,854
1,847
314
320
319
29,523
29,906
30,292
78
73
37
37
37
35,663
35,850 1/
32,759
32,924
20
20 4/
1,823
1,805 i/
318
317
30,484
30,667 6/
78
78
37
30,229
30,715
31,082
31,172
,
.
April.
May
June
July
August
.
.
. .
End of fiscal
year or month
31,
Total
coin
34
Standard
silver
dollars
Minor
coin
Subsidiary
silver
67
64
62
U7
133
120
110
59
57
79
37
Money in
circulation
per capita
(in dollars) 7/
1955
1956
1957
1958
1959
1,858
1,948
2,042
2,101
2,215
223
237
253
268
285
1,202
1,259
1,315
1,346
1,415
433
453
474
487
514
182.90
182.64
181.52
179.08
180.20
1960
1961
1962
1963
2,338
2,462
2,652
2,878
305
329
360
411
1,484
1,548
1,663
1,790
549
585
629
676
177.47
176.45
180.98
187.40
1962- December.
2,781
385
1,739
658
187.91
1963-January.
February.
March.
2,759
2,773
2,795
387
391
395
1,716
1,724
1,739
656
658
662
181.09
181.94
182.96
2,827
2,850
2,878
400
405
411
1,759
1,774
1,790
668
672
676
183.46
185.48
187.40
2,904
2,926
420
428
1,803
1,812
682
685
188. 17r
.
April .
May
June
.
. .
July
August.
.
Circulation Statement of United States Money.
Excludes money held by the Treasury and money held by or for the
account of the Federal Reserve Banks and agents.
The following paper currencies are in process of retirement and are
redeemable from the general fund of the Treasury:
Gold certificates
issued before January 30, 1934, silver certificates issued before
July 1, 1929, Treasury notes of 1890, Federal Reserve notes issued
before the series of 1928, Federal Reserve Bank notes, and national
bank notes.
The Treasury notes of 1890 have been in process of retirement since March 1900 (31 U.S.C. 411) upon receipt by the Treasury,
the Federal Reserve Bank notes since June 12, 1945 (12 U.S.C. 445 note),
and tha national bank notes since December 23, 1915 (12 U.S.C. 441).
Retirement of the others was authorized by the Old Series Currency
Adjustment Act, approved June 30, 1961 (31 U.S.C. 912-916). The
act authorizes the Secretary of the Treasury to determine from time
to time the amount of currency of the following types which have
been destroyed or lost, and to reduce the ajno\ints thereof on the
books of the Treasury: Gold certificates issued before January 30,
1934; silver certificates. United States notes. Federal Reserve Bank
Source:
1/
2/
^
4/
V
b/
2/
«
188.90
notes, and national bank notes all issued before July 1, 1929; Federal
Reserve notes issued prior to the series of 1928; and Treasury notes
Accordingly, the Secretary of the Treasury has determined
of 1890.
that the following paper currencies have been destroyed or irretrievaOn October
bly lost and so will never be presented for redemption:
20, 1961, $1 million of Treasury notes of 1890; and on August 27,
1962, $9 million of gold certificates, $15 million of silver certificates, $18 million of Federal Reserve notes, $1 million of Federal
Reserve Bank notes, and $15 million of national bank notes.
Highest amount to date.
Issued prior to January 30, 1934.
Includes $15 million issued before July 1, 1929.
Includes $18 million issued prior to the series of 1928.
Based on the Bureau of the Census estimated population. Through
fiscal 1958 the estimated population is for the conterminous United
States (that is, exclusive of Alaska, Hawaii, and the outlying areas
such as Puerto Rico, Guam, and the Virgin Islands). Beginning with
fiscal 1959 the estimates include Alaska, and with fiscal I960, Hawaii.
Less than $500,000.
r
Revised.
October 1961
75
MONETARY STATISTICS
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
Gold
End of fiscal
year or month
Ratio of silver to
gold and silver in
monetary stocks
(in percent)
Silver
($1.29+ per
fine ounce)
($35 per
fine ounce)
1955
1956
1957
1958
1959
1960
1961
1962
1963
21 ,677.6
21 ,799.1
22 ,622.9
21 ,356.2
3,922.4
3,994.5
4,116.6
4,306.0
19 ,704.6 1/
19 322.2
17 ,550.2
16 ,435.2
15 ,733.3
4,4U.l
4,394.5
4,346.5
4,317.4
4,315.2
20.8
21.5
1962-Deo ember.
15,978.1
4,318.2
21.3
1963- January.
February.
March.. .
15,928.0
15,877.9
15,877.5
4,318.2
4,318.5
4,318.4
21.
21.
21.
15,876.9
15,797.4
15,733.3
4,317.9
4,316.4
4,315.2
21,
21,
21,
15,632.9
15,581.9
4,313.9
4,313.5
21,
21.
April.
.
.
May
June
July
August
. .
.
Source:
Circulation Statement of United States Money.
silver monetary stock see Table 4.
For detail of
1/
See Table 3, footnote
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
15.3
15.5
15.4
16.8
18.3
18.5
19.9
3.
Treasury Bulletin
76
MONETARY STATISTICS,
Table 4,- Components of Silver Monetary Stock
(In millions of dollars)
Silver held in Treasury
Securing silver certificates 1/
End of calendar
year or month
Silver
bullion 2/
Silver
dollars
In Treasurer's account
Subsidiary
coin j/
silver
October 1961
11
MONETARY STATISTICS
Table 5.- Seigniorage
(Cumulative from January 1, 1935 - in millions of dollars)
End of calendar
year or month
Seigniorage
on coins
(silver and
minor) 2/
1935
1936
1937
1938
1939
19iO
Misc. silver
(incl. silver
bullion held
June 14, 193i)
Sources of seigniorage on silver bullion revalued
\J
Newly rained silver 2/
Silver PurNationalized
chase Act
silver
Proclamation
Acts of
of June 19,
(Proo. of
of Dec. 21,
July 6,1939
1934
Aug. 9, 1934)
1933
and July 31, 1946
18.5
46.1
63.7
69.5
91.7
122.2
182.1
245.7
299.6
362.3
429.5
491.9
520.5
559.2
578.7
596.6
642.3
694.2
742.2
792.9
807.0
839.6
890.3
932.0
981.6
038.5
101.7
146.9
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
226.2
302.7
366.7
Wil.l
1963-January ...
February.
March
1,150.1
1,152.7
1,156.9
48.7
48.7
48.7
833,
833.
833.
April
May
June p
1,160.6
1,163.4
1,167.7
48.7
48.7
48.7
July p
August p. .
September p
1,170.0
1,173.7
1,178.8
48.7
48.7
48.7
19il
19i2
19i3
19t4
19i5
19i6
19i7
19^8
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
.
.
34.5
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
1^..8
36.0
58.0
74.9
87.3
87.6
87.6
37.6
87.6
87.6
87.6
87.6
Potential
seigniorage on
silver bullion
at cost in
Treasurer'
account
Total
seigniorage
on silver
revalued 2/
^
326.2
422.1
508.1
616.0
705.6
759.4
274.9
397.5
541.6
758.8
950.6
1,055.8
1,089.0
1,048.2
967.3
717.3
333.2
161.2
146.8
129.9
127.2
111.7
81.9
57.2
34.9
6.6
14.3
50.0
72.9
114.0
98.3
70.8
12.6
17.3
34.
87.6
87.6
87.6
37.6
87.6
87.6
87.6
87.6
87.6
4.2
25.7
48.3
63.6
65
65
65
66
74
84
93
104
114
125
134.7
143.8
150.8
155.2
156.4
166.0
167.9
167.9
167.9
167.9
818.9
820.6
820.7
938.1
1,069.6
1,077.6
1,087.8
1,098.1
1,109.3
1,119.2
1,130.0
1,139.3
1,148.4
1,155.4
1,159.8
1,161.0
1,170.6
1,172.5
1,172.5
1,172.5
1,172.5
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
17.
17.
17.
833.
333.
833.
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
17.
17.
833.7
333.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
17.3
17.3
17.3
562.7
580.4
584.3
534.3
584.3
701.6
832.1
832
832
833
833
833
833
833
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
Source:
Bureau of Accounts.
1/ These items represent the difference between the cost value and the
monetary value of silver bullion revalued and held to secure silver
certificates.
2/ Total of seigniorage on coins and on newly mined silver, beginning
34.
34.
34.
34.
34.
34.
2/
p
87.
87.
87.
87.
87.
87.
87.
17.3
with that for July 1959, is included under coins; the breakdown is
not available after June 1959.
The figures in this column are not cumulative; as the amount of
bullion held changes, the potential seigniorage thereon changes.
Preliminary.
Table 6.- Increment Resulting from the Reduction In the Weight of the Gold Dollar,
as of September 30, 1963 p
Allocation of
increment l/
Charges against
increment
$2,000,000,000.00
$2,000,000,000.00
139,299,557.00
139,299,557.00
Philippine currency reserve
23,862,751.00
23,862,751.00
Melting losses on gold coin
2,175,121.93
1,857,771.96
645,387,965.45
645,387,965.45
Exchange Stabilization Fund
Payments to Federal Reserve Banks for industrial loans 2/.
Retirement of national bank notes
Unassigned
Unexpended balance
of increment
$317,349.97
8,784,497.07
8,784,497.07
2,310,408,045.41
9,101,847.04
Total increment
2,819,509,892.45
Source:
Bureau of Accounts.
1/ The authority, purpose, and amount through 1940 of these allocations
are summarized in the 1940 Annual Report of the Secretary of the
Treasury, pages 128-30.
Pursuant to Pubic Law 85-699, approved August 21, 1958 (72 Stat. 698)
the $111,753,246.03 unexpended balance of this allocation was covered
into the Treasury as miscellaneous receipts; and the $27,54^,310.97
which had been advanced to the Federal Reserve Banks under this
allocation was repaid into a special fund from which it was appropriated to the Small Business Administration. Under subsequent legislation (73 Stat. 209) the unused portion of this appropriation was rescinded and the balance, $23,653,582.01, was covered into the Treasury.
Preliminary.
J
Treasury Bulletin
78
.EXCHANGE STABILIZATION FUND-
Table 1.- Balance Sheets as of June 30, 1962, and June 30, 1963
June 30, 1962
Assets :
Cash:
Treasurer of the United States, checking accounts.
Federal Reserve Bank of New York, special account.
Total cash
Special account of Secretary of the Treasury with
Federal Reserve Bank of New York - Gold
Foreign exchange due from foreign banks: l/
Centra 1 Bank of Argent ina
Banco de Brazil
Bank of Canada
Banco Central de Chile
Bank of England
Deutsche Bundesbank
Banca d Ita lia
Netherlands Bank
Swiss National Bank
Bank for International Settlements
'
Investments in:
U. S, Government securities
Foreign securities
Accrued interest receivable.
Accrued interest receivable
-
foreign agreements
Accounts receivable
Unamortized premium on U. S. Government securities....
Office equipment and fixtures
Less allowance for depreciation
Total assets
Liabilities and capital: 2/
Accounts payable:
Vouchers payable
Employees' payroll allotment account
savings bonds
Miscellaneous
U.
S,
Total accounts payable
Special allotment account - Argentina
Unamortized discount on U. S. Government securities...
Capital account
Deduct subscription to International Monetary Fund
Net income (see Table 3)
Total liabilities and capital
#1,234,967.77
77,025,123.17
June 30, 1963
October 1961
79
.EXCHAMGE STABILIZATION FUND.
Table 2.- Current United States Stabilization
Agreements, June 30, 1963
,..
..
Treasury Bulletin
80
.
INTERNATIONAL FINANCIAL STATISTICS
.
Table 1.- U. S. Gold Stock, and Holdings of Convertible Foreign
Currencies by U. S. Monetary Authorities
(
In
millions of dollars)
Gold stock 1/
Total gold stock
and foreign currencyholdings
End of calendar
year or month
Foreign
currency
holdings j/
Total 2/
Treasury
1953
1954
1955
1956
1957
22,091
21,793
21,753
22,058
22,857
22,030
21,713
21,690
21,949
22,781
22,091
21,793
21,753
22,058
22,857
1958
20,582
19,507
20,582
19,507
17,804
16,947
16,057
116
99
1962
17,063
16,156
20,534
19,456
17,767
16,889
15,978
1962-September...
October
November, .
December. . .
16,531
16,364
16,216
16,156
16,067
15,978
15,977
15,978
16,081
16,026
16,014
16,057
450
338
202
99
1963- January
February
March
April
May
June
July
August
16,102
16,023
16,078
16,046
16,009
15,956
15,764
15,725
15,789
15,923
15,878
15,878
15,877
15,797
15,733
15,633
15,582
15,582
15,974
15,891
15,946
15,914
15,854
15,830
15,677
15,633
15,635
128
132
132
132
155
126
1959
I960
1961
17,80/V
.
.
.
.
September p.
1/
The United States also has certain drawing rights on the International Monetary Fund, in which the United States has a quota of
In accordance with Fund policies, these drawing
$4,125 million.
rights include the right to draw virtually automatically an amount
equal to the sum of the United States gold subscription to the Fund
($1,031.2 million) and the Fund's net use of dollars; on September 30
Under appropriate
1963, these two amounts totaled $1,050,0 million.
circumstances the United States could draw an additional amount equal
to the United States quota.
Note:
2/
1/
P
87
92
154
Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, the proceeds of which are invested
by the Fund in U. 3. Government securities; as of September 30, 1963,
this amounted to $800 million.
Includes gold in Exchange Stabilization Fund, which is not included
in Treasury gold figures shown in "Circulation Statement of United
States Money." See "Monetary Statistics," Table 3.
Includes holdings of Treasury and Federal Reserve System.
Preliminary.
Table 2.- U.S. Treasury Nonmarketable Notes and Bonds
Issued to Official Institutions of Foreign Countries
Amount outstanding
End of calendar
year or month
Total
Belgi
(
1962
Germany
1963- January
February.
March
.
.
.
.
.
.
Italy
Canada
Switzerland
Italy
(In millions of dollars)
Oollar equivalent, in millions)
251
1962-October
November.
December.
Payable in dollars
Payable in foreign currencies
200
51
48
25
23
201
251
150
200
51
100
200
200
200
200
200
81
81
81
183
183
183
125
125
125
58
58
58
30
200
200
200
200
200
200
126
150
150
183
183
183
125
125
125
58
58
58
30
225
30
30
275
275
200
200
200
175
175
175
208
163
163
125
125
381
481
481
April
May
June
551
605
605
July
August
September p.
655
705
705
30
25
Note:
For complete information on U, S. Treasury securities (nonmarketable) issued to official institutions of foreign countries, see
"Public Debt Operations," Tables 8 and 9,
51
125
58
25
13
13
25
25
October 1961
81
CAPITAL MOVBffiNTS
Background
Exclusions
Data relating to capital movements between the United
States and foreign countries have been collected since 1935,
The data published herein do not cover all types of
capital movements between the United States and foreign
pursuant to Executive Order 656O of January I5,
countries. The data reported to and published by the Treasury
Department exclude entirely the intercompany capital transactions of business enterprises In the United States with
tive Order IOO33 of February S, 19^*9
,
193'+,
Execu-
and Treasury regulations
Information on the principal types of
data and the principal countries is reported monthly, and is
promulgated thereunder.
published monthly In the "Treasury Bulletin."
information Is published less frequently.
Supplementary
Reports by banks,
bankers, securities brokers and dealers, and nonflnanclal
business concerns In the United States are made initially to
the Federal Reserve Banks, which forward consolidated figures
tc
the Treasury.
These statistics are consolidated by the
Treasury and published as promptly as possible.
their own branches and subsidiaries abroad or with their foreign parent companies; such transactions are reported by
business firms to the Department of Commerce. Data on the
capital transactions of the United States Government smd on
shipments and receipts of United States currency are also
excluded from the Treasury reports.
Certain capital transactions not effected through reporting institutions, such as
securities transactions carried out entirely abroad, are not
recorded in the Treasury reports.
The reporting forms and instructions used in the collec-
tion of the statistics have been revised a number of times.
The most recent revision became effective with reports
covering data as of May yi 1963-i/ ^ detailed description
of the content of the statistics, including the changes
Instituted, appeared in the July I963 issue of the "Trea.<!ury
Bulletin," pages 79-81. Ae a result of changes In presentation Introduced in that Issue, not all breakdowns previously
published will be exactly comparable to those now presented.
Consolidated data on all
types of capital transactions are published by the Department
of Commerce in Its regular reports on the United States
balance of payments.
,
The liabilities data exclude nonnegotlable, nonlnterest-
bearlng special notes of the United States held by the Inter-
American Development Bank and the International Development
Association.
The securities transactions data exclude nonmarketable
and nonmarketable U.S.
U.S. Treasury notes, foreign series,
Basic definitions
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
including United States citizens domiciled
abroad and the foreign subsidiaries and offices of United
States banks and business concerns; the central governments,
central banks, and other official institutions of foreign
Treasury bonds, foreign currency series (see "International
Financial Statistics" section, Table 2),
the United States,
Presentation of statistics
countries, wherever located; and international and regional
Data collected monthly on the Treasury Foreign Exchange
Forms are published In the "Treasury Bulletin" in three
sections.
Section I provides a summary of the principal data
by period; Section II presents data by country and by period;
organizations, wherever located.
and Section III shows detailed breakdowns of the latest avail-
able preliinlnary data.
In general, data are reported opposite the foreign
country or geographical area in which the foreigner is domiciled.
Pata pertaining to branches or agencies of foreign
Section IV presents supplementary data In five tables
which appear less frequently than monthly. Table I, shortterm foreign liabilities and claims reported by nonflnanclal
official institutions are reported opposite the country to
Data pertaining to
which the official institution belongs.
concerns, Is published quarterly in the February, May, August,
and November Issues of the Bulletin. Table 2, estimated gold
International and regional organizations are reported opposite
reserves and dollar holdings of foreign countries and International Institutions, Is published quarterly in the March,
June, September, and December Issues. Table 3, foreign credit
the classification "International," "European regional," or
"Latin American regional," as appropriate, except for the
Bank for Internatlcnal Settlements and the European Fund,
which are included In the classification "Other Western
Europe.
"Short-term" refers to obligations payable on demand
or having an original maturity of one year or less, without
deduction of any offsets.
"Long-term" refers to obligations
having an original maturity of more than one year,
cludes securities having no contractual maturity.
1/
and In-
and debit balances In brokerage accounts, appears semiannually
Table k, short-terra
in the March and September Issues.
banking liabilities to foreigners in countries and areas not
regularly reported separately, heretofore has been presented
annually In the March issue, but beginning with the August
1963 Issue Is published twice a year, covering data as of
Table 5< purchases and sales of
April 30 and December 3I
long-term securities by foreigners during the preceding
.
calendar year, appears annually In the April Issue.
Affairs,
Copies of the reporting forms and instructions may be obtained from the Office of Balance of Payments, Office of International
Treasury Department, Washington 25, D. C, or from Federal Reserve Banks.
r
.
r
r
.
Treasury Bulletin
82
.CAPITAL MOVMENTS.
Section I - Summary by Periods
Table 1.- Net Movements of Banking Funds and Transactions In Long-Term Securities with Foreigners
1/
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Analysis of net movement
Changes in liabilities to foreigners
Changes in claims on foreigners
Transactions in:
Calendar year
or month
Net
movement
-767.6
261.8
280.9
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
Short-term
banking
funds
278
521.9
945.0
416.4
940.5
903.6
338.5
479.8
388.3
-752.1
550.3
405.7
-25.1
1,971.5
73.3
1,560.0
1,090.5
1,420.3
1,367.4
1,493.2
369.6
989.8
4,353.2
2,268.0
1,909.2
-418.4
636.2
601.5
-100.0
1,026.8
657.4
1,243.9
1,102.4
1,270.2
682.1
1,338.4
219.1
1,000.8
3,229.6
1,882.9
1,178.7
343. or
l,817.9r
2, 484. Or
164
576
387
225
,
Total
Long-term
banking
funds
0.5
3.2
3.6
0.3
0.3
0.2
1.1
0.4
0.8
0.1
1.5
8.7
8.3
U.S. Gov'
bonds
and
notes 2/
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
2.1
-728.0
Short-term
banking
funds
Other
domestic
securities
Long-term
banking
funds
Transactions
in foreign
securities
2/
-64.5
-150.6
-144.3
-21.2
2.3
98.7
12.7
70.5
141.1
156.2
291.3
193.9
435.5
251.8
223.5
-15.5
-288.5
-124.8
189.6
-395.2
-461.0
-334.8
187.6
-898.4
-422.4
-1,076.8
-1,310.1
-1,893.4
-1,U14.7
-1,788.2
-2,297.5
-315.5
-240.7
-69.8
190.8
-76.2
-70.5
-80.3
144.2
-482.0
-162.0
-397.2
-253.7
-342.6
-82.0
-990.2
-1,131.7
-39. C
265.1
39.0
-94.8
27.8
34.9
-86.8
39.8
-29.0
-173.6
-13.5
-36.6
115.6
-116.0
-230.0
-168.5
-334.3
-188.3
-183.0
-153.3
-335.4
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-749.7
-644.7
-830.4
-W5.4
59.8
-1,474.3
-309.2
-117.2
-1,047.9
1963 -J an, -August p
-230.5
1,464.6
759.2
43.7
499.9
161.8
-1,695.1
-262.9
-312.0
-1,120.2
1962 -August
September.
354.3
329.2
400.8
-102.3
331.9
343.5
643.5
-70.1
535.3
366.0
687.3
-15.4
-179. 4
4.6
-0.1
-4.6
0.4
3.1
-211.4
-7.5
-33.7
-67.5
62.3
3.4
22.4
-14.3
-242.7
-32.2
-410.6
44.0
22.5
-144.5
89.7
-247.3
9.2
15.6
52.9
-13.0
-6.8
-52.4
-151.1
-108.9
-156.5
1.3
5.7
17.2
6.6
127.5
-44.1
44.5
12.2
205.6
22.2
-10.2
L42.2
-35.0
-250.4
-172.6
-312.0
-504.4
-310.9
-23.8
-85.7
212.2
-115.9
-47.0
-193.2
-27.2
-189.3
77.9
19.7
October
November
December
1963-January
February
March
April
May
June
July p
August p
2/
-540.91-
-130. 3r
37. 4r
72.4 r
-11.5
211. Ir
230.5
377.7
458.4
-332.1
-261.9
38. 5r
-81.5
-126.7
U7.5
-355.9
372.4
458.1
-67.3
39.6 r
164.9
174. 6r
84.3 r
417.3
-347.8
293.6
9.4
3.5
Data below the line include changes in liabilities and claims reported by a number of banks included in the series beginning
December 31, 1961.
For an explanation of statistical presentation and exclusions, see
headnote on page 81.
Through 1949, transactions in U. S. Government bonds and notes include transactions in domestic corporate bonds.
Note:
1/
. .
2/
»
p
r
-U.9
-5.5
12.4
-16.3
12.2
-7.0
0.4
38.0
70.6
12.3
16.5
18.8
11.6
27.1
-11.5
-52.5
-193.9 3/
-17.3
-36.2
-39.1
-30.8
-258.8
-161.6
-114.1
-66.3
-283 .3
-104.3
-65.5
-66.3
Change in long-term banking funds during May 1963 reflects the
inclusion of $85.6 million of long-term claims previously held but
first reported as of May 31, 1963.
Less than $50 thousand.
Preliminary.
Revised
October 196J
83
.CAPITAL MOVEMENTS
Section I - Summary by Periods
Table 2.- Banking Liabilities to and Claims on Foreigners!/
(Position at end of period in millions of dollars)
Short-term liabilities to foreigners
End of calendar
year or month
Total
shortterm
liabilities
Payable
Foreign countries
Official
institutions
Foreign
banks
Other
foreigners
473.7
2,262.0
1,864.3
1,657.8
1,527.8
1,641.1
1,584.9
1,629.4
1,769.9
1,881.1
1,452.1
1,517.3
1,544.0
3,158.1
4,011.8
3,751.7
43.7
43.2
40.3
48.8
59.0
59.4
77.2
113.1
150.4 §/
15,158
16,159
19,388.7
21,271.6
22,450.3
2/
2,064.0
2,528.2
2,569.8
2,529.3
2,530.4
2,943.1
3,362.9
3,413.0
3,460.5
4,601.1
4,704.8
5,299.5
2,678.5
2,922.2
2,972.8
2,947.1
3,001.5
1,392.5
1,513.0
1,675.8
1,779.1
1,805.1
1,733.5
2,029.8
2,252.3
2,430.4
2,398.1
2,229.6
2,355.5
1961 i/.
22,532.6
10,893.3
5,380.4
2,356.9
3,751.7
1962.
25,016.6r 11,910.3
5,251.0
2,564.4r
1962-August .
September
October.
November,
December.
24,158.1
24,524.0
25,211.3
25,196.0
25,016.6r
10,881.3
11,431.7
11,805.8
11,898.2
11,910.3
5,475.7
5,364.9
5,597.8
5,432.1
5,251.0
1963-January.
February.
24,949. 3r
24,988.9r
25,153.8r
25,328.4r
25,412.6
25,830.0
25,482.2
25,775.8
11,515.7
11,434.6
11,719.3
ll,861.9r
12,040.3r
12,332.1
11,925.7
12,195.5
5,606.8
5,691.5
5,636.9r
5,563.8
5,618.3
5,718.4
5,701.0
5,779.4
1946.
1947.
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961.
U,939
.
.
March
April
May
June
July p
August p .
1/
2/
2/
^
^
V
2/
In
International
and
regional
4,179.0
3,043.7
1,831.9
2,836.3
2,907.7
3,615.5
3,547.6
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4 i/
7,916.6
8,664.9
9,154.3
10,212.3
10,893.2
6,883.1
6,480.3
7,116.4
7,718.0
7,618.0
8,644.8
9,302.2
10,546.1
11,648
12,918
13,600
i9<;5.
Short-term claims on foreigners
Payable in dollars
foreign
currencies
25.5
40.6
Total
longterm
liabilities
Payable in dollars
Total
shortterm
claims
Payable
Loans to:
Official
institutions
Foreign
banks
Other
foreigners
Total
longterm
claims
Other
claims
foreign
currencies
47.5
98.1
165.4
100.4
110.8
240.6
91.8
78.4
101.6
197.7
217.2
479.6
585.6
227.5
187.7
216.7
390.4
403.9
440.5
324.9
440.9
670.9
839.4
1,173.8
1,362.1
1,545.1
1,698.4
2,033.8
7.5
2.2
392.8
708.3
948.9
1,018.7
827.9
898.0
968.4
1,048.7
904.5
1,386.5
1,548.5
1,945.7
2,199.4
2,542.0
2,624.0
3,614.2
4,745.8
150.4 6/
2.2
4,803.8
328.5
709.2
622.4
2,557.4
586.3
2,033.8
5,147.5
143.4 6/
4.3
5,113.0
358.
952.6
651.1
2,600.3
550.1
2,151.0
2,540.1
2,530.9
2,520.3
2,558.1
2,564.4r
5,014.8
4,942.7
5,005.3
5,095.5
5,147.5
246.1
253.9
282.1
212.1
5.5
5.4
4.3
455.5
474.8
427.7
370.9
358.9
818.3
801.6
815.7
823.6
952.6
605.3
593.1
632.3
644.4
651.1
2,491.2
2,448.5
2,451.5
2,454.9
2,600.3
463.1
492.8
628.3
571.8
550.1
2,199.8
2,184.2
2,131.2
U3.4 6/
4,833.4
4,810.9
4,955.4
4,865.7
5,113.0
2,562.9r
2,654. It
2,671.7r
2,757.9r
2,750.0
2,815.3
2,796.9
2,869.9
5,099.8
5,058.6
4,982.4
5,028.6r
4,864. 5r
4,837.6
4,950.2
4,819.2
164.2
150.1
lA3.4r§^
116.1
129.5
126.6 6/
108.4
111.7
4.3
4.3
5.6
11.3
28.5
35.1
44.5
48.0
4,900.8
5,016.7
5,063.7
5,256.9
5,284.2
5,473.5
5,395.6
5,375.9
322.4
293.0
254.6
236.1
173.6
141.8
136.0
163.5
844.9
853.4
850.4
824.2
790.3
884.3
834.7
891.1
658.1
671.7
680.2
695.1
689.2
689.3
696.0
710.6
2,559.7
2,660.7
2,712.3
2,917.9
3,049.7
3,079.7
3,108.4
2,988.8
515.7
538.0
566.3
583.6
581.5
678.3
620.4
621.9
2,139.5
2,112.3
2,123.9
2,176.4
2,370.3
2,387.7
2,423.9
2,463.0
For exclusions see headnote on page 81.
Included with "Other foreigners."
Included with "Other claims."
Beginning In August 1956 and also in April 1957, certain accounts previously classified as "Foreign banks" are Included with "Official
institutions."
Differs from 1961 end-year data on the preceding line by inclusion of
.9
1.4
4.6
1.0
49.7
70.4
51.0
44.9
.7
72.2
61.4
1.0
1.2
2.3
1.8
2.7
2.8
1.2
9.9
1.6
.8
1.2
6/
p
100.3
319.6
292.9
361.2
in
104.2
109.8
131.7
109.8
328.5
151.1
177.2
122.9
156.5
206.5
328.1
405.4
385.5
439.4
497.6
524.3
699.4
235.6
330.4
303.0
427.5
460.1
482.1
617.6
245.0
290.5
490.6
557.1
494.3
328.7
503.4
627.9
451.5
584.1
660.0
883.8
1,121.6
1,076.7
1,098.2
1,837.8
2,514.6
I
73.4
86.1
87.9
85.2
243.0
160.9
176.6
241.9
400.7
350.9
290.3
222.7
I
i/
U2.0
211.0
163.9
U9.6
U7.3
175.6
U0.7
2,U4.2
2,151.0
liabilities and claims reported by a number of banks included In the
series beginning December 31, 1961.
Includes reported liabilities to foreign official Institutions beginning October 1961. Figures for selected dates are as follows:
end 1961, $46.3 million; end 1962, $47.9 million; March 1963, $47.9
million; June 1963, $25.5 million.
Revised.
Preliminary.
r
4
7
5
3
Treasury Bulletin
84
.CAPITAL MDVMENTS,
Section I - Summary by Periods
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
i/
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Corporate and other
U.S. Governnient bonds and notes 2/
Bonds j/
Net
purchases
Net purchases
of
Calendar year or month
Foreign countries
Sales
Official
Other
Internat ional
Purchases
Sales
1/
1/
1/
Net
purchases
Net
Purchases
Sales
432.1
376.7
-64.5
-150.6
514.1
375.3
6b4.0
619.5
649.2
533.9
980.2
-14^4.
purchases
domestic
securities
and
regional
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
19dO
1961
1962
414.5
344.8
282.4
430.0
1,23b.
673.6
533.7
b46.0
800.9
1,341.1
883.4
666.1
1,223.9
1,216.9
1,729.6
1,743.7
1,779.9
684.2
283.3
330.3
333.6
294.3
1,356.6
231.4
728.0
792.7
812.1
1,018.3
718.3
1,187.6
528.0
1,603.0
1,231.5
2,507.9
1963-January-Au^st p
1
194b
1947
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
-728.0
-269.7
-13.0
-55.4
9.4
824.2
-663.7
292.7
-96.7
-60.0
561.7
-204.9
117.0
-236.7
523.9
-97.9
-20.0
-206.6
74.5
7.5
87.0
117.9
-19.3
9.6
14.7
68.3
-32.7
70.0
-169.1
273.0
164.9
224.5
532.2
-521.4
3/
K
1/
i;
1/
1/
1/
1/
107.7
120.0
200.1
212.8
289.7
324.7
287.1
310.2
361.4
368.8
442.4
316.9
307.7
108.3
141.6
188.5
197.4
283.6
296.0
251.8
258.9
344.0
296.2
392.3
416.1
359.0
-.6
-21.6
11.7
15.3
6.1
28.7
35.3
51.3
17.3
72.6
50.1
-99.2
-51.3
367.6
226.1
369.7
354.1
666.9
739.8
650.2
589.1
1,115.1
1,561.2
1,619.5
1,306.4
1,397.3
2,2?4.4
1,976.5
3,067.3
2,260.2
-21.2
1,774.8
2,744.6
2,149.1
2.9
120.3
1.0
55.2
135.0
127.5
256.0
142.6
-56.3
362.9
201.7
322.7
111.1
1,43^'.
1,363.5
1,163.8
1,453.6
1
,
861
-334.2
-89.1
-192.2
75.2
94A.4
-584.3
314.9
-11.5
149.3
685.2
156.4
141.8
-2.7
1,124.4
378.4
735.7
-668.2
.
,460.5
960.6
499.9
:.44.3
255.6
182.8
159.0
23.9
1,762.9
1,625.0
137.6
661.6
1962-August
September
October
November
December
13S1
326.6
76.6
251.1
167.4
346.5
334.1
110.3
318.5
105.1
-211.4
-7.5
-33.7
-67.5
62.3
-13.3
-40.2
-48.4
6.6
85.2
-198.1
32.7
14.7
-74.1
-22.9
19.5
18.1
25.7
22.4
24.8
19.9
24.5
27.3
30.8
37.0
-.4
-6.4
-1.6
-8.4
-12.2
139.9
106.9
129.2
187.9
170.4
136.2
115.5
133.1
167.1
174.5
3.8
-8.6
-3.9
20.8
-4.1
-208.1
-22.5
-39.2
-55.1
46.0
1963-January
February
March
April
May
June
July p
August p
217.6
132.3
481.3
58.4
297.5
56.8
40.7
175.9
90.1
176.4
436.8
46.2
91.9
34.6
50.9
33.7
127.5
-44.1
AA.5
12.2
205.6
22.2
-10.2
142.2
106.2
-37.5
4.5
21.3
-6.6
40.0
7.1
100.2
-8.0
-3.4
105.0
36.5
20.5
15.3
17.7
27.8
16.0
25.9
23.1
27.7
178.0
162.8
161.5
255.5
282.0
338.2
183.4
201.5
174.6
172.2
3.4
-9.5
139.7
-51.1
4A.9
50.2
276.2
34.5
6.3
160.9
5.1
126.7
30.9
5.0
42.9
-21.3
-.7
-11.8
-5.7
For exclusions see headnote on page 81.
Through 1949, include transactions in corporate bonds.
1/
2/
2/
18,
15
16
17,
24.
17
22.1
2.5
.2
1.0
10.3
-8.5
8.5
1.1
161
218
221
317
175
183
Through 1949, included with transactions in
bonds and notes.
Preliminary.
p
.2
36.9
60.2
20.1
8.0
17.7
U.
S.
Government
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Foreign bonds
Calendar year or month
Sales
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
Foreign stocks
Net
purchases
Purchases
Sales
65.6
42.6
96.7
70.8
198.2
348.7
329.6
-9U.0
65.2
57.1
81.7
88.8
173.8
272.3
293.9
310.1
393.3
663.6
749.2
592.8
467.2
566.1
509.1
595.7
702.0
-1,046.7
455.9
755.9
658.7
211.6
321.2
589.2
500.4
495.3
542.5
792.4
693.3
606.5
699.0
889.0
945.6
882 ;9
801.9
,093.3
710.2
801.0
677.4
621.5
841.3
509.4
991.5
1,392.0
1,915.1
1,457.6
1,445.0
1,262.4
2,037.3
1963-January-August p
636.8
1,683.6
1962-July
August
September
October
November
December
64.3
50.1
43.5
250.8
70.5
59.6
88.6
64.8
100.4
419.0
201.1
216.6
-24.4
-14.7
-56.8
-168.2
-130.7
-157.0
47.9
48.3
43.9
1963-January
February
March
April
May
June
July p
August p
56.0
61.5
84.3
120.1
144.0
52.0
74.7
44.2
313.7
214.2
186.4
179.4
408.7
155.0
116.1
110.1
-257.7
-152.7
p
Preliminary.
490.4
634.3
291.4
311.5
265.5
24.5
-79.8
9.8
-121.0
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026.1
-512.0
-562.1
-460.4
-102,
-59,
-264,
-103,
-41,
-65.8
303
64A
877
875
621
803
803.8
591.7
965.6
805.9
Total
purchases
Total
sales
Net purchases
of foreign
securities
-.4
14.6
-15.0
18.0
-24.4
-76.4
-35.8
6.8
-251.6
-214.3
-126.1
-29.1
-336.4
-237.7
-82.6
-370.0
-103.9
821.2
715.9
293.3
410.1
763.0
772.7
789.1
852.7
1,185.8
1,356.9
1,355.7
1,291.8
1,356.2
1,511.7
1,392.0
1,397.6
1,795.3
556.1
676.8
388.2
382.3
908.4
1,149.7
1,007.0
924.9
1,486.1
1,337.3
1,866.8
2,014.0
2,718.8
2,261.5
2,036.7
2,228.0
2,843.2
265.1
39.0
-94.8
27.8
-145.4
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-749.7
-644.7
-830.4
-1,047.9
Net
purchases
529.4
-73.4
1,092.8
5,213.0
-1,120.2
58.2
69.4
61.3
38.3
64.3
39.5
41.1
47.5
60.9
9.6
-16.0
4.4
17.1
21.8
112.2
98.3
87.5
309.0
139.8
120.9
126.9
129.1
139.8
460.0
248.7
277.4
-14.7
-30.8
-52.4
-151.1
-108.9
-156.5
58.0
50.2
60.2
66.3
67.1
58.4
53.9
41.8
59.1
59.1
72.2
73.2
85.7
59.8
78.0
42.3
-1.1
-8.9
-11.9
-7.0
-18.6
-1.3
114.0
111.7
372.8
273.3
1U.6
2'i8.6
186.3
211.1
110.5
128.6
86.0
252.6
494.4
214.8
194.1
152.4
-258.8
-161.6
-114.1
-66.3
-283.3
-104.3
-65.5
-66.3
.5
-24.1
-.5
October 196)
85
.CAPITAL MDVaffiNTS.
Section II - Summary by Countries
,/
Table 1.- Short-Term Banking Liabilities to Foreigners^
{Position at end of period in millions of dollars)
Calendar year
Country
1959
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe ^/
U.S.S.R
Other Eastern Europe 2/
Total Europe
,987.3
186.3
,370.3
4.85.2
95.5
137.5
86.1
212.5
969.3
30.7
989.6
6.2
568.6
2.6
12.7
8,472.6
Canada
2,198.0
Latin America;
Argentina
Brazil
Chile
Col orab ia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
331.4
138.1
136.5
70.9
655.3
American Republics ^/
Bernnida
^
^^
Antilles and Surinam
America
Total Latin America
336.8
150.7
184.5
216.8
163.8
442.4
129.2
82.2
61.5
276.9
227.2
14.3
87.8
33.2
2,407.5
Asia!
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
35.8
60.0
114.3
138.6
86.5
1,285.1
147.6
171.5
94.1
141.2
504.9
Total Asia
2,779.6
Africa;
Conffo (Leopoldville)
Moroc CO _5/
South Africa
United Arab Republic (Egypt)
Other Africa 8/
Total Africa %/
Other countries:
Australia
All other Z/
Total other countries Zf
International and regional:
International
European regional 2/
Latin American regional ij
Total international and regional 2/ k^
Grand total
31.3
57.8
48.7
20.3
95.1
253
y
Treasury Bulletin
86
.CAPITAL MDVIMENTS.
Section II
Table 2.
-
-
Summary by Countries
Short-Terra Banking Claims on Foreigners
(Position at end of period in millions of dollars)
1/
October 196J
87
.CAPITAL MDVBIENTS.
Section II - Summary by Countries
Table 3.- Long-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars)
Calendar year
1963
Country
1959
Europe:
Aus tria
16.5
22.1
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
1.3
2.7
20.2
9.3
6.1
35.2
10.2
137.7
2.0
7.1
33.3
2.9
1960
2.9
35.1
7.1
5.2
20.5
23.2
4.0
37.1
13.6
LW.6
2.7
4.5
38.8
2.2
.1
.1
i9.8
15.3
1.8
7.9
.1
10.0
U. S. S. R
Other Eastern Europe
Total Europe
366.6
Canada
75.5
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
;
118.4
233.7
42.5
25.7
.9
182.0
30.3
12.1
.4
189.8
9.2
American Republics 2/.
Bermuda
Antilles and Surinam.
America 2/ 2/
Total Latin America
2/
3.4
65.4
789.1
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
913.9
:
1.5
10.5
56.3
3.6
15.9
19.4
44.4
10.2
19.1
7.2
15.6
9.8
11.5
8.2
15.7
116.3
134.1
.9
.4
Total Asia
Africa
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
:
Total Africa
Other countries
Australia
All other
21.3
V
V
:
26.5
83.2
V
Total other countries
^
169.5
Internatio nal and regional
Grand total
39.7
A/'
38.5
1,5-45.1
61.0
4.8
^
1961
1962
March
April
May 1/
June
July p
August p
Treasury Bulletin
88
.CAPITAL MDVmENTS.
Section II - Summary by Countries
In U. S. Government Bonds and Notes by Foreigners!/
4.Tranpactionp
Net
Table
{In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
Country
1959
Europe:
Austria
-1
767
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe,
57 ,7/V3
250
22 3i5
3 ,391
69
-1 750
7 ,531
21 ,085
1
,000
51
1063
1961
1960
-189
-349
-35,359
-1
-18,324
264
-28
-889
-4,577
1,773
-86
-62
-23,577
-31,665
January-Augustp
1962
6
6,392
-391
1,999
-620
-275
-59
-112
-1,070
-22,391
77
-220
11,807
-10,917
-3,193
-8,231
-14,355
-391
-1,379
188
-40
89
23
-893
-2,050
-108
-113
-20
-7
249
123
-1,473
-38,758
-16
-154
-126
-112
226
46,052
21
18
254
17,454
89,105
15,175
-65,319
21 ,921
-11,320
2,646
1,658
2,673
118
-76
-42
-70
-60
%0
2,005
-131,512
-12,470
Canada.
-69,449
255,501
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics...
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America
154
-332
-19
-4
12
-950
48
-236
-52
-16
-13
-63
-39
10
370
-24
-263
811
301
357
1,398
1,467
-264
-244
839
403
Total Latin America
695
Asia
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
365, 8i7
-35,
110,725
-36,551
-26
li3
-37
-Zi
1,066
-395
-3,737
786
-22
l,18i
435
415
-29
-49
-43,515
-1,071
-650
-780
662
-245
-841
7,580
201
114
6,953
-45,783
633
2,144
13
176
928
1,000
911
-14
1,157
39,700
-1,000
-531
-35,003
-39
-476
561
6
5
-80
-135
-25
-5
-324
-1,258
122
105
-32
347
-365
1,522
-1
:
-31
.
-1,U5
Total Asia.
-1
,
561
561
-1
-26
11
23
26
-963
-201
-818
-31
-76
18,836
-191
-5
-3,516
-654
-4, 501
3,195
20,979
34,045
-36,270
-5,837
2,146
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)..
Other Africa
-5
8
3
-1
2,427
3,255
500
-1,971
Total Africa
2,422
3
,
267
503
-1,972
-17,
U5
Other countries:
Australia
All other
22
16,998
Total other countries.
International and regional
International
European regional
Latin American regional
-1
164,908
224,468
339,923
164,908
224,463
688,854
126,592
:
Total international and regional..
Grand total
-1
-49
-17,494
-2
31
29
32
128 ,589
10
Total Europe.
1,986
29,399
-534
-19
-89,274
91 ,02i
11 ,7U
March
-441,527
270,893
192,236
-79,843
-15,303
532,159
-521,370
255,590
512,191
-727,989
499,844
-501
-254
•17,348
April
May
June
July p
October 196J
89
CAPITAL MOVEMENTS.
,
Section II - Summary by Countries
Table 5.- Net Transactions in Long-Term Domestic Bonds,
Other Than U. S. Government Bonds and Notes, by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
196^
Country
I960
1959
1961
1962
-9
26
49
2
580
-246
-439
-410
-573
71
-26
3
12
January-August p
March
April
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
4,979
1,527
-635
79
162
39
-231
19,860
2,432
5,489
-218
-79
i.82
25
-91
Spa In
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
-1,271
-136
14
-297
-9,394
-7,915
54
-3,588
204
55,766
37
-6,818
278
-179
4,582
-12
-5,719
-2,703
3,226
-176
58
38,576
10
-451
-103
-3
-428
-2,616
-78
140
269
11
-3
71
11,345
-4
7,616
1,777
-11
-665
-1,079
11,817
-95
-373
-258
8,708
-13
8,383
-4,366
928
211
-3
-257
295
-1
-116
-251
4
-6
-43
-502
1,523
4
1,065
67
223
39
-158
-11
-107
-63
235
609
941
-1
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mejcico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
-71
-2
-10
2,765
89
-119
26
-1,380
American Republics ^_/
Bermuda
Antilles and Surinam.
America 1/ 2/
Total Latin America
61,595
60,045
-19,846
10,674
28,657
1,835
1,756
-12,368
-39,058
-89,628
•76,249
-24,551
-2,859
-4,524
173
117
173
333
-86
386
-5
14
10
11
66
49
-214
240
-120
-54
1,751
1,29?
58
395
-698
-1,265
-16
56
132
917
65
108
-1
1,182
-34
-924
-111
642
764
-237
2/
2,902
135
1,394
755
793
2/
10,349
417
5,115
17,609
-130
796
-26
-115
317
-56
37
-37
671
6
544
54
-397
-887
2/
208
2,475
69
-2,705
-2
1,589
-35
289
2/
-542
912
152
475
-45
75
19
130
1,148
-26
-94
109
25
2/
1,343
1,039
65
-13
-2
23
22
-2
2/
525
23
-29
4,350
671
961
17
29
-36
3
-2
-98
2/
117
814
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
-141
6
742
90
Africa:
Congo (Leopoldvllle)
Morocco
South Af r lea
United Arab Republic (Egypt)
Other Africa
otal Africa
352
48
95
57
12
33
266
98
3
-28
-5
61
4
65
794
736
-10
-12
-29
^
International and regional:
International
European regional
Latin American regional
2/
2/
6
-4
52
"47
1
7
22
15
56
13
1
3
470
87
4,821
766
4,964
7_
22
2/
-2
1/
82
1/
-21
-2
37
2/
2/
1/
"17
"IT
V
-11
2/
-2
_J/
4/
46
-1,134
-903
59
9
22
476
49
76
29
-1,087
-792
29
602
102
30
18,529
11,548
9,878
12,078
10,405
461
Total international and regional.
3
11,548
9,878
12,078
10,405
461
50,088
-99,227
-51,333
23,927
160
_L
2/
16
-6
55
2/
1/
Grand total
1/
9
17
-1
47
Other countries:
Australia
All other 2/
Total other countries
18
-1
Total Asia
1
52
8
53
-2
122
through April 1963, "Other Latin American Republics" include only
Bolivia, Dominican Republic, Guatemala and El Salvador; other Latin
American republics Included with "Other Latin America."
Through April 1963, and for the cumulative total for January through
August 1963, Bahamas and Bermuda are included with "Other Latin America.
4/
Treasury Bulletin
90
.CAPITAL MOVMENTS.
Section II - Summary by Countries
Table 6.- Net Transactions In Domestic Stocks by Foreigners
(In thousands of dollars;
negative figures indicate net sales by
October 1961
91
CAPITAL MOVIMENTS
Section II - Summary by Countries
Table 7.- Net Transactions In Long-Term Foreign Bonds by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners
or a net outflov, of capital from the United States)
Calendar year
1963
Country
I960
1959
Europe:
Austria
-135
Belgiujn
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 1/....
U. S. S.
7,030
-13,977
5,021
-51,931
67,936
-484
-32,556
50,258
1,909
6U
-103
-10,679
57,703
365
37,659
500
5,587
1961
1962
210
15,307
492
3,305
-8,335
-13,838
-14,349
14,531
-2,156
5,223
-24,056
539
-981
-131
39,485
263
13,122
-2,589
-l,(>bb
-1 ,943
293
1,432
-6,618
-123
4,007
-1,147
-3,155
-114
6,029
-500
4,697
441
5
-43,531
500
-35,525
January-Augustp
-2,051
-10,111
-36,191
606
-37,252
-19,018
-459
9,504
30,920
-23,437
24
2,572
-338
29,212
28
27,579
-5,049
5,324
-56,973
-10,899
55,2U
12,584
-2
-12,612
3,511
-49,460
132
-775
-2 , 163
-15,601
52,329
-3
17,696
-16
2,559
-11
-5
-11
April
1
2
6,055
-27,451
-11,995
-4,220
-1,803
-2
-766
1,584
-11,646
271
-1
-204
10,307
49
483
60,601
-7
8
563
-24
-386
-115
26
1,733
7,083
3,648
1,856
639
260
R
Other Eastern Europe 2/ 2/.
Total Europe
Canada
Latin America:
Argentina
Braz il
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
American Republics 2/*
Bermuda
Antilles and Surinam..
America ^tj
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
-42,113
-14,774
-44,018
11,386
-35,583
57,689
-390,334
-209,738
-244,218
-434,047
-712,750
-41,248
-16,885
-20
8,237
2,284
2,827
5,639
6,884
965
4,068
-5,244
-53,049
-30,141
-6,904
8,934
2,111
107
863
2,088
208
1,453
-140
36
151
-19
127
293
222
-39,999
-7,032
-110
1,185
-701
167
462
-12
167
-589
-60
160
1,210
-23
41
69
14
5
-2,854
704
-447
901
362
-19,622
1,470
-70
4,086
1,518
4O8
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa
Other countries:
Australia
All other
^
Total other countries 6/.,.
International and regional
International
European regional 1/
Latin American regional 4/*
-12,867
-8,465
9
1,574
-5,694
3,142
1,696
1,570
2,543
4/
3,371
-5,877
2,884
-12,638
-12,168
-19
-8,839
260
-11,349
545
240
-1,776
16,174
-83,224
-31,018
-34,671
-50,825
1,059
499
15,840
159
30
-48,786
-29,170
1,660
-2,042
1,046
-50
-761
-149
-37
-2
12
24
-48,161
1,507
-63
4
-55,350
-50,549
-3,012
4,621
-3,893
-4,899
4/1
-1 ,933
-2,802
-174
4/
-1 ,942
4/
-6,326
1,651
-371
1,675
4
18
-969
-29,493
613
2,812
-453
-140
-3,830
-49,149
-94,191
-700
315
1,000
-1,518
-4,228
-91,109
-39,874
-112,330
-147,484
-16
5/
9,742
-359
5/1
5,557
6
5/
-24,147
^
6/
6/
-1
-51
-36,474
-128, 3U
-5U
-962
36
9
119
-11
23
-166,449
1,449
-9,320
247
318
301
V
13,279
1/
3,002
-1
-11
y
78
6/
5/
^
_J/
1/
6/
6/
6/
6/
-17,917
-5,819
-43,029
-1,814
-15,280
-19,320
-34,383
-27,320
-25,847
721
1,012
-14,345
-39,313
-58,741
-48,124
-22,124
1,287
-157,139
-147,831
-166,347
5,000
-74,285
-111,316
5,308
28
:
Total international and
regional
Grand total.
13
5
-2
Total Asia
-2
124,717
45
2,181
-2,452
-231
Total Latin America
j
-U,491
y
4/
648
1/
4/
-157,139
-147,831
648
-235,632
-106,008
-512,036
-562,093
-460,433
-943,976
- 1,046,770
102,108
Treasury Bulletin
92
.CAPITAL MDVMENTS.
Section II - Summary by Countries
Table 8. - Net Transactions In Foreign Stocks by Foreigners
indicate net sales by foreigners or a net outflow of capital from the United States)
(In thousands of dollars; negative figures
October 196J
93
CAPITAL MDVMENTS
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners as of August 31, 1963
(Position in thousands of dollars)
Short-term liabilities payable in dollars
Total
shortterm
liabilities
Country
To foreign banks and official Institutions
U.S.
Deposits 2/
Total
Treasury
bills and
certificates
Other
Exn-ope:
Austria
Belgium
Denma rk
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
391 646
270 526
100 938
75 295
1,477 ,401
2,841 ,510
176 318
1,303 731
224 ,845
133 ,107
388,797
237,620
93,757
73,686
1,420,688
2,798,730
158,913
1,273,512
204,986
103,715
93,895
166,414
422,462
674,737
24,536
1,298,821
14,164
19 ,750
2,682
16,774
254,288
163,798
53,079
52,486
212,117
344,528
71,654
268,575
93,061
59,624
86,365
120,905
116,811
263,749
24,497
947,788
11,987
40,009
2,602
15,457
10,652,409
;, 617, 803
3,203,380
5,401,737
3,128,903
2,873,533
1,877,925
977,103
399,028
159,614
117,002
167,767
12,168
674,558
113,434
129,493
90,772
541,018
321,846
125,939
88,560
35,489
257,617
80,654
30,397
73,077
949
434,714
15,022
50,969
28,680
253,543
176,914
69,499
40,439
9,620
176,800
71,230
28,966
71,991
949
197,956
14,360
50,635
24,983
253,475
115,001
63,322
25,503
5,220
79,005
262
2,976,688
1,522,094
1,100,391
29,990
29,382
38,833
Taiwan
Thailand
Other Asia
35,356
62,039
48,052
33,080
95,557
2,309,209
85,556
210,481
121,447
383,895
356,473
87,184
2,286,880
84,353
182,697
112,326
379,775
301,038
29,986
24,936
27,293
21,143
61,328
1,272,983
84,280
169,010
90,384
172,524
210,732
201,848
37,824
Tota 1 Asia
3,741,145
3,563,602
2,164,599
1,044,017
29,577
85,129
48,400
12,822
117,296
27,535
81,275
38,683
12,041
82,546
19,093
80,934
33,324
9,560
46,858
6,100
970
29,056
293,224
242,080
189,769
41,273
M9,044
143,509
12,327
53,659
9,611
77,410
15,146
164,190
155,836
63,270
77,410
4,657,968
512,310
13,089
32,218
4,134,098
U3,749
4,657,409
17,505
143,718
4,819,222
4,818,632
557,617
4,134,098
U6 ,758
201 308
431 971
797 ,289
27 ,180
1,856 ,212
14 ,743
158 ,951
2 ,930
Total Europe
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Ba haiiia s and
Netherlands
Other Latin
U8,91A
129,160
45,394
39,700
15,500
1,119,144
2,194,711
32,500
894,214
101,946
17,511
44,042
286,000
Ul,063
39
295,773
44,930
149
:
American Republics..
Bermuda
Antilles and Surinam
America
Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
303
160,982
17
6
32,800
1,433
10,441
285,249
:
Africa :
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa
Other countries
Austra 11a
All other
U4
4,000
10,000
6,800
778,505
5,030
10
5,W7
:
Total other countries
International and regional
International
European reglona 1
Latin American regional
:
Total international and regional
Grand total
31,
17,505
25,775,781
22,793,580
5,349
28,428
978
5,700
89,427
259,491
54,759
110,723
9,979
26,580
7,530
1,467
19,651
269,925
9,156,951 2/ 11,960,887
55,260
2,177
63,975
1
2/
,
Treasury Bulletin
94
CAPITAL MDVHylENTS
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of August 31,1963
(Position in thousands of dollars)
Short-term claims payable in foreign currencies
Short-term claims payable in dollars
Loans to:
Total
shortterm
claims
Country
Total
Foreign
banks and
official
Other
institutions
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Qreece
Italy
Netherlands
Collections
outstanding
for own
account and
domestic
customers
Acceptances
made for
account
of
foreigners
:
726
1,287
3,368
10,811
2,713
1,303
4,562
5,757
1,528
747
4,719
47,237
Norwa y
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
158,996
9,205
82,864
37,488
35,369
12,305
51,812
32,901
71,523
44,570
204,018
16,285
20,771
491
13,237
11,313
23,540
7,923
48,523
57,345
135,472
9,169
74,370
20,944
34,580
12,073
51,162
29,045
46,225
44,563
79,816
16,285
20,262
489
13,174
342
104
5,283
8,843
3,253
12,614
559
3,103
489
378
Total Europe
951,967
736,273
216,061
129,917
U3,187
534,843
311,001
15,194
103,820
8,226
197 ,512
198 ,735
169 ,792
176 242
16 ,737
448 ,327
30 ,607
103 ,409
93 ,173
98 ,975
111 ,945
31 ,184
152,311
150,011
162,074
176,185
16,710
438,141
30,592
103,354
93,170
97,715
111,837
31,097
15,711
54,955
27,672
59,973
171,879
7,524
9,659
12,647
16,089
16,076
6,073
44,512
58,092
23,550
28,173
1,087
125,460
9,567
19,387
3,087
15,282
18,983
16,122
47,968
28,445
27,345
23,651
15,623
29,880
6,420
29,003
5,764
47,475
50,171
1,034
,802
11,661
25,9^6
9,066
-48,615
64, aw
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
168
26,978
5,329
7,671
4,987
16,766
1,549
13,183
39,968
22,459
10,655
1,456
773
120
U,534
U,746
37,363
1,484
5,689
426
2,666
139
10,169
13,322
17,736
820
9,963
1,075
11,521
27,537
7,508
19,461
12,956
2,267
1,823
4,172
:
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics
Bahamas and Bermuda
Netherlands Antilles and
6,367
10 ,280
9,800
10,260
168
Other Latin America
67
172
3,250
7,542
Total Latin America
1,696,720
1,583,257
398,493
369,841
323,571
1,670
10,810
18,706
254
27,908
1,740,870
16,066
51,302
12,886
39,344
72,506
1,668
2,786
5,170
2,689
1,194
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
1,675
10,835
19,104
254
27,916
1,796,612
16,066
51,451
12,887
39,844
72,977
3,844
8,460
130
4,736
130,582
15,136
7,269
Total Asia
2,049,621
Morocco
South Africa
United Arab Republic (Egypt)..
Other Africa
Total Africa
S\irinam
Asia:
China Ma inland
Hong Kong
India
Indonesia
Africa
Congo (Leopoldvllle)
2
74
3,527
348,862
3,908
50,179
19
10,707
2,360
8,681
22,665
11,948
284
1,224
3,241
1,992,822
406,519
74,667
1,418
1,746
12,651
26,073
49,953
1,418
1,746
12,320
25,694
49,794
458
197
4,097
10,826
23,796
1,387
1,282
10,411
776
9,835
91,841
90,972
15,609
25,139
23,691
43,128
6,491
32 , 109
6,242
1,310
120
7,103
101
14,686
5,221
49,619
38,351
1,430
7,204
19,907
1,246
1,246
1,246
710,588
732 ,984
792
6,906
36,445
214,402
:
Other countries
Austra lia
All other
4
1,339
:
Total other countries
International and regional
International
European regiona 1
Latin American regional
Total international and
regional
Grand tota 1
31
:
1,246
1,246
1,246
5,375,857
4,753,922
1,054,552
2,657
165
2,659
45,853
17,248
22,863
9
6,459
1,653
21,570
4,837
19,757
8,380
5,418
9,164
3,996
4,182
11
Deposits of
reporting
banks and
domestic
customers
with
foreigners
Foreign
government
obligations
and commercial and
finance
paper
October 1963
95
.CAPITAL MOVEMENTS,
Section III - Preliminary Details by Countries
Table 3.- Long-Term Banking Liabilities to and Claims on Foreigners as of August 31, 1963
(Position in thousands of dollars)
Total
long-term
liabilities
Country
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
:
3,050
,
,
,
,
,
,
2,006
2,l;7
,
,
Total Europe
7,203
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
lather Latin
Bahamas and
Netherlands
Other Latin
:
376
,
,
10,
uo
1,666
American Republics..
Bermuda
Antilles and Surinam
America
Total Latin America
55
,
12,237
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
:
50
9,000
9,050
Total Asia
Africa :
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).,..
Other Africa
-
Total Africa
Other countries :
Australia
All other
Total other countries
International and regional
International
European regional
Latin American regioneil
:
Total international and regional
Grand total
7
Treasury Bulletin
96
.CAPITAL MOVEMENTS.
Section III - Preliminary Details by Countries
Table 4.- Purchases and Sales of Long-Term Securities by Foreigners during August 1Q63
^
(In thousands of dollars
Purchases by foreigners
Domestic securities
Country
Total
purchases
Europe
Austria
Belgium
Denma rk
Finland
France
Germany
Greece
Italy
Netherlands
:
S97
5,024
398
8,909
5,753
289
3,486
13,905
5,853
2,515
Nor\/ay
Portugal
Spa in
1,U6
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.
S.
S.
52,426
82,440
26
52,024
21
4,002
R
Other Eastern Europe,
Total Europe
239,114
Canada.
91,213
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
1,399
2,138
664
523
1
4,499
3,485
American Republics...
Bermuda
Antilles and Surinam.
America
Total Latin America
480
1,721
2,290
374
2,773
5,994
280
26,621
Asia
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines.
:
8,491
5,103
73
308
1,366
82
25
Taiwan
Thailand
Other Asia
21
2,854
Total Asia.
18,323
11
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa
1
Other countries:
Australia
All other
Total. other countries.
International and regional
49
497
708
506
:
Int ema t iona 1
European regional
Latin American regional
Total jjiternational and regional.
U.
S.
Government
bonds and
notes
Corporate and
other
Bonds
Stocks
Sales by foreigners
Foreign securities
Bonds
Stocks
Domestic securities
Total
sales
U.
S.
Government
bonds and
notes
Corporate and
other
Bonds
Stocks
Foreign securities
Bonds
October 196J
97
.CIMJLATIVE TABLE OF CONTENTS.
November 1962 through October 1963
Issue and page number
1962
1963
Feb.
Reporting bases.
Articles
Treasury financing operations.
Apr.
May
July
Aug.
Sept.
II
II
II
II
A-1
A-1
A-1
A-1
A-1
1
1
1
1
1
II
II
II
II
II
A-1
A-1
A-1
A-1
A-1
1
1
1
1
1
2
2
3
4
:
Sxiiimiary
of Federal fiscal operations .
Budget receipts and expenditures:
Receipts by principal sources
Detail of miscellaneous receipts by major categories
Chart - Internal revenue receipts by principal sources
Expenditures by agencies
Interfund transactions excluded from both net budget receipts
and budget expenditures
Summary of appropriations and authorizations, expenditures, and
balances, by agencies
Expenditures and balances by functions
Expenditures by functions
Detail of excise tax receipts
Summary of internal revenue receipts by States, calendar year 1962.
Trust and other transactions:
Summary of trust and other transactions
Trust receipts
Trust, deposit fund, and Government- sponsored enterprise
expenditures
Investments in public debt and agency securities (net)
Sales and redemptions of Government agency securities in
market (net)
Interfxind transactions excluded from both net trust account
receipts and net trust account expenditures
Federal Old-age and Survivors Insurance Trust Fund
Federa 1 Disability Insurance Trust Fund
Railroad Retirement Account
Unemployment Trust Fund
National Service Life Insurance Fund
Investments of specified trust accoxmts in public debt securities,
by issues (latest date June 30, 1963)
Cash income and outgo:
Summary of Federal Government cash transactions with the public...
Derivation of Federal receipts from the public, and reconciliation
to cash deposits in Treasurer' s account
Derivation of Federal payments to the public, and reconciliation
to cash withdrawals from Treasurer's account
Intra governmental transactions
Accrued interest and other nonca sh expenditures
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account....
S\jmmary of cash transactions through Treasurer's account
.
.
Account of the Treasurer of the United States:
Status of the Account of the Treastirer of the United States.
Analysis of changes in tax and loan account balances
Debt outstanding
3
4
5
5
6
6
7
7
8
10
10
10
12
12
10
10
10
10
12
12
11
11
10
10
L2
12
10
10
10
10
11
11
11
12
13
14
11
12
11
12
13
14
12
13
11
12
13
14
11
12
11
12
13
15
13
13
15
14
13
15
13
13
16
14
U
16
15
U
16
14
14
15
15
16
13
15
16
16
15
16
15
16
16
17
18
17
18
16
17
18
12
15
17
18
19
20
17
15
17
16
21
18
16
18
17
22
23
24
19
17
18
19
20
21
18
19
19
22
23
24
15
20
16
18
16
21
17
19
20
21
17
18
19
22
23
18
19
24
20
20
22
25
21
23
20
22
23
24
20
21
20
22
24
21
23
25
27
22
24
20
22
25
27
22
24
25
26
23
24
28
29
25
24
29
26
25
28
29
25
26
23
24
30
30
31
27
27
25
25
26
30
27
27
28
26
26
27
30
30
31
27
27
25
25
26
30
30
31
26
26
27
31
32
33
28
29
30
26
31
32
33
28
29
27
28
30
29
31
32
33
28
29
30
26
27
28
27
28
31
32
33
27
28
29
34
31
29
34
31
30
34
31
29
34
30
35
32
30
35
32
31
35
32
30
35
31
36
38
33
35
37
31
33
36
38
33
35
36
38
40
37
40
33
35
37
31
33
35
36
38
35
32
34
36
40
32
34
36
40
39
44
40
39
43
41
39
44
40
46
49
46
46
51
45
44
48
47
45
50
48
53
50
50
55
48
47
51
50
48
53
51
54
53
57
56
54
59
58
55
54
58
53
56
61
60
25
27
27
24
25
:
Summary of Federal securities
Computed interest charge and rate on Federal securities.
Interest-bearing public debt
Average length and maturity distribution of marketable
interest-bearing public debt
Special public debt issues to U. S. Government investment accounts.
Treasury holdings of securities issued by Government agencies
Interest-bearing securities issued by Federal agencies but not
guaranteed by the U, S. Government
Statutory debt limitation
Public debt operations:
Maturity schedule of interest-bearing public marketable securities
other than regular weekly Treasury bills
Offerings of Treasury bills
New money financing through regular weekly Treasury bills
Offerings of public marketable securities other than regular
weekly Trea sury bills
Securities issued in advance refunding operations
Allotqients by investor classes on subscriptions for public
marketable securities other than regular weekly Treasury bills....
Disposition of matured public marketable securities other than
regular weekly Treasury bills
Foreign series securities (nonmarketable) issued to official
institutions of foreign countries
Foreign currency series securities (nonmarketable) issued to
official institutions of foreign countries
40
28
(Continued on following page)
30
31
28
,
.
.
Treasury Bulletin
98
.CUMULATIVE TABLE OF CONTENTS.
November 1962 through October 1963
-
(Continued)
Issue and page number
1962
Nov.
United States savings bonds
Cumulative sales and redemptions by series
Sales and redemptions by periods, all series combined
Sales and redemptions by periods, Series E through K
Redemptions of matured and unmatured bonds
Sales and redemptions by denominations. Series E and H combined.
Sales by States, Series E and H combined
1963
Dec.
Jan.
57
57
58
60
57
57
Apr.
May
June
July
Aug.
Sept
55
59
55
59
59
59
56
58
60
62
63
57
57
58
60
62
62
63
65
66
61
61
62
64
:
Ownership of Federal securities
Distribution by classes of investors and types of issues
Net market purchases or sales for investment accounts handled by
the Treasury
Estimated ownership
60
60
61
63
64
58
60
62
62
63
65
66
56
56
57
59
60
62
67
67
:
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, 1963)
65
61
61
68
60
59
64
63
61
68
65
65
66
61
62
61
62
68
69
60
61
59
63
64
61
60
64
65
62
68
69
66
67
63
63
70
62
61
66
65
63
70
67
65
:
74
74
Market quotations:
End-of-month closing quotations on Treasury securities by issues..
Chart - Yields of Treasury securities
71
73
67
69
67
69
78
80
66
68
65
70
69
67
67
72
71
69
Average yields of long-term bonds :
Average yields of Treasury and corporate bonds by periods.
Chart - Average yields of Treasury and corporate bonds
7A
75
70
71
70
71
81
82
69
70
68
69
73
74
72
73
76
72
72
83
71
73
73
74
75
73
73
74
84
84
85
86
72
72
73
74
70
71
71
72
73
75
77
76
76
77
78
.
.
.
Monetary statistics
Money in circulation
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury
Components of silver monetary stock
Seigniorage
Increment from reduction in weight of gold dollar (latest date
September 30, 1963)
78
71
73
70
71
81
82
74
75
74
72
83
76
75
75
73
73
74
75
84
84
85
77
77
78
79
80
:
77
78
79
Exchange Stabilization Fund (latest date June 30, 1963):
Balance sheet
U. S. stabilization agreements
Income and expense
75
76
77
75
73
75
76
77
77
74
75
76
77
77
75
National bank reports
Earnings, expenses, and dividends for calendar years 1958-62.
:
78
International financial statistics:
U. S. gold stock, and holdings of convertible foreign currencies
by U. S. monetary authorities
U. S. Treasury nonmarketable notes and bonds issued to official
institutions of foreign countries
Capital movements between the United States and foreign countries
Summary by periods beginning 1 9^6
Summary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Long-term banking liabilities to and claims on foreigners
Purchases and sales of long-term securities by foreigners,
latest month
Short-term liabilities and claims reported by nonfinancial 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..
Purchases and sales of long-term securities by foreigners during
calendar year 1 962
80
76
75
76
79
79
78
87
75
76
79
79
78
87
91
95
96
76
79
83
84
77
80
80
83
87
80
83
87
81
84
92
93
94
89
92
100
101
102
82
85
93
97
85
86
95
103
104
96
78
:
81
84
88
89
77
80
84
85
and certain other business-type activities :
of financial condition (latest date March 31, 1963)
expense (latest date December 31, 1962)
application of funds (latest date December 31, 1962)
87
90
91
87
84
85
89
90
89
86
90
87
88
89
91
106
108
108
90
90
93
94
90
111
89
109
94
95
97
98
87
Foreign currencies acquired by the U. S. without purchase with
dollars:
Transactions and balances in Treasury accounts.
Transactions and balances in agency accounts,.
Corporations
Statements
Income end
Source and
79
82
86
Treas.
HJ
10
.A2
1963
C.2
U.S. Treasury Dept.
Treasury Bulletin
US- TREASURY LIBRARY
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