Full text of Treasury Bulletin : October 1964
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UBRARY
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81965
TREASURY DEPARTMENT
LIBRARY
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1972
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STATES
SAVINGS
BONDS
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.
OCTOBER
1964
"r^-Trn-rtn.-nt^..
V"
*«Stf
'J^
1
The Treasury Bulletin is for sale by the
Superintendent of Documents,
U. S. Government Printing Office, Washington D.C. 204-02
Subscription per year $8.50 domestic, $11.00 foreign
Single copy price varies
.
October 1964
Table of Contents
Page
Treasury financing operations
A-1
Summary of Federal fiscal operations
1
Administrative budget receipts and expenditures.
2
Trust and other transactions
9
Consolidated cash transactions
Account of the Treasurer of the United States.
1J+
.
17
Debt outstanding
20
Statutory debt limitation
25
Public debt operations
26
United States savings bonds.
61
Ownership of Federal securities
65
Treasury survey of ownership of Federal
securities
67
Market quotations on Treasury securities
71
Average yields of long-term bonds
74-
Monetary statistics
76
Exchange Stabilization Fund
80
International financial statistics
82
Capital movements
86
Cumulative table of contents
103
Treasury Bulletin
II
Reporting Bases
Data on receipts, expenditures, and debt which appear
In the "Treasury Bulletin" are based largely on two Treasury
financial reports, the "Daily Statement of the Unltsd States
itures and Balances of the United States Government" and
for actual receipts and expenditures In the "Budget of the
United States Government."
,j
ij
\
I
Treasury" and the "Monthly Statement of Receipts and Expenditures of the United States Government." Certain monetary statistics are based at least in part on the "Circulation Statenient of United States Money."
Where these state-
Beginning with the final statement for the fiscal
year i960, the monthly statement reports totals for net
budget receipts and budget expenditures after deduction
of certain interfund transactions which are included In n
^:|
:j
1
aents are given as sources for Individual tables, they are
cited by name only. Their respective reporting bases are
the detail of both budget receipts and budget expenditures.
The transactions deducted consist of Interest payments r.nd
described below. For other data in the Bulletin, information on sources or reporting bases Is given in connection
with the tables themselves.
minor amounts of certain other payments made by Government
agencies to the Treasury. This reporting change was made in
accordance with the plan stated in the President's Budget
The monthly statement of receipts and expenditures
was first published for February 195'^, and replaced the
daily statement as the primary source of Information on
budget results and other receipt and expenditure data
At the same time, the
classified by type of account.
MessEige of January 13, I96O.
dally statement was changed to a statement of cash deposits
and withdrawals affecting the account of the Treasurer of
Both publications have provided comparative figures on their respective bases from the beginning
of the fiscal year 1953. The announcement of February 17,
I95U, with respect to these reporting changes may be found
in the April \3^^ Issue of the Bulletin.
the United States.
It does not affect the surplus
Figures for earlier periods shown in the Treasury Bulletin were revised to the new reporting basis in the
September i960 Issue. The interfund transactions deducted
or deficit.
under this procedure do not include payments to the Treasury 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,
194^, and figures for prior fiscal years back tliroush 1932
were revised accordingly at that time.
The daily statement on the new basis was first issued
In the deposits and withdrawals as
1954^.
shown, no distinction is made as to the type of accounts
The monthly statement shows all receipts and expenditures of the Government, includlne these made from cash
for February 17,
accounts held outside the United States Treasury. The
information is compiled from reports by the Treasurer of
the United States and by all other collecting and disbursing agencies, including those agencies which maintain
checking accounts in comiieroial banks. These reoorts cover
transactions recorded In the accounts of the agencies
during the reporting period. The net of the transactions
(budget, trust, etc.). The deposits are on the basis of
certificates of deposit cleared through the account of the
Treasurer of the United States. Total withdrawals are on
the basis of checks paid or cash disbursements made out of
as compiled from these reports is reconciled in the monthly
statement to changes in the balance in the Treasurer's ac-
count and in cash held outside the Treasurer's account and
changes in the public debt outstanding.
Receipts of taxes and customs duties are reported on a
collections basis. Other receipts are reported pfirtlally
on a collections basis and partially on a deposits basis.
Expenditures, except interest on the public debt, are re-
>i
.
i|
|j
.)
it
ii
]
^l!
ji
I)
j
,
1
Some of the withdrawal classl-)*
on the basis of mailed reports^
reoorted
shown
are
flcations
by means of clearing ac- i
adjusted
are
and
of checks Issued
Except for relatively \
paid.
checks
counts to the total of
the Treasurer's account.
minor amounts, noncash Interfund and other intragovernmental
transactions are excluded. The public debt figures in the
jj
daily statement also are on a "clearance" basis, with the [^
ij
exception of those Issuance and retirement transactions j.
reported on the basis of telegrams from Federal Reserve',1
Banks. Noncash debt transactions are included, however
ported on the basis of checks issued or cash payments made
by disbursing officers. Transactions of an Interfund or
Intragovernmental nature are Included on the same basis
The dally statement before February 1?, 195'^ covered
not only transactions cleared through the Treasurer's account but also certain Government agency transactions which
Were handled through commercial bank accounts, and included |«
even though the actual issuance of checks may not be InInterest on the public debt Is Included on an
volved.
noncash Interfund and other intragovernmental transactions.
It provided information similar to that in the present dail;
accrual basis beginning with figures for June 1955 f»"d
Prior to that. It was Included on
the fiscal year 1955.
The same reporting basis as that
a due and payable basis.
in the monthly statement provides the fiscal year figures
for the Treasury's "Combined Statement of Receipts, 'Ixpend-
j
statement with respect to the status of the Treasurer's acdall;
oo'jnt, and similar to that in the oresent end-of-month
and
retirement,
issuance,
debt
to
respect
statement with
Receipts and expenditures, however, wer<
classified by type of account, and the budget results showr
amount outstanding.
i
October 1964
III
Reporting Bases
In the dally statement were used as the basis for
the results under the President
'
s
reflecting
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
-
(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 19U9 and on a checks-paid basis prior to that time.
the Treasurer's account were reported on two successive
bases.
Through
I'jkS
they were on the basis of checks paid
by the Treasurer of the United States.
Begln.-ilng with 19'i7,
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,
'
Note:
were on the basis of checks paid.
i.'here
Transactions han-
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.
calculations have been made from unrounded figures,
the details may not check to the totals shown.
October 1964
Ar-l
Treasury Financing Operations
One-Year Bills Refunded
new bills carry 91-day or 182-day tenns.
On September 18, 1964, the Treasury Department invited
discount are shown in the table following.
tenders for $1 billion, or thereabouts, of 365-day Treasury
bills for cash and in exchange for Treasury bills maturing
September 30, 1964.
The auction was held on September 24.
The new bills are dated September 30, 1964, and mature
September 30, 1965, when the face amount is payable without
Issued in bearer form only, the bills are in de-
interest.
nominations of $1,000, $5,000, $10,000, $50,000, $100,000,
1500,000, and $1,000,000 (maturity value).
Tenders received, on the basis of preliminary reports,
totaled $1,849 million, of which $1,001 million (including
$53 million of noncompetitive tenders) was accepted at the
I
average bank discount rate of 3.773 percent.
Noncon^setitive
tenders for $200,000 or less (without stated price) from any
one bidder were accepted in full at the average price of
ji
accepted competitive bids.
Payment for accepted tenders was
required to be made or completed on September 30, I964.
Pay-
ment by credit in Treasury tax and loan accounts was not
permitted
.
Banking institutions generally could submit tenders
for account of customers provided the names of the customers
Jwere set forth in such tenders.
Others than banking insti-
tutions could not submit tenders except for their own account.
Tenders were received without deposit from incorporated banks
iand trust companies and
from responsible and recognized dealers
in investment securities.
companied by payment of
Tenders from others had to be ac2
percent of the face amount of
fTreasuiy bills applied for, unless the tenders were accompanied
by an express guaranty of payment by an incorporated bank or
trust company,
f|
13-Week and 26-Week Bills Increased and Refunded
i
:
Regular weekly Treasury bills issued in September totaled
l$8.7 billion,
refunding $8.4. billion of bills maturing and
iproviding $0.3 billion of new cash.
The new 13-week issues
ftotaled $1.2 billion on September 3, and $1.3 billion for
lieach
of the other three weekly issues.
i'totaled
The 26-week issues
$0.9 billion for each of the four weeks.
All of the
13-week
(Additional amount of bills of
original maturity of 26 weeks)
Average rates of
.
.
.
October 1964
SIM«ARY OF FEDERAL FISCAL OPERATIONS
(
Administrative budget
receipts and expenditures
Period
Net
receipts
Expenditures
Surplus,
or
deficit
Net of
trust
and other
transactions
In millions of dollars)
Clearing
account,
etc. 2/
(-)
Net
increase
in
public
debt, or
decrease
(-)
Fiscal years;
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
i960
I96I
1962
1963
1964p
36,422
47,480
61,287
64,671
64,420
60,209
67,850
5U
-3,122
3,510
-4,017
483
-214
-3,117
-4,180
1,626
1,596
-2,819
-12,427
1,224
-3,856
-6,378
-6,266
-3,303
99
679
147
435
328
231
-194
195
633
-329
-50
-602
436
97
586
448
196
733
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
5,853
97,900
-4,900
-257
-43
5,200
37,235
52,877
64,705
63,654
60,938
63,119
70,616
71,749
63,262
72,738
79,518
78,157
84,709
87,516
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
94,188
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
87
-7,088
-7,040
1,953
-6,306
-7,199
-6,672
311
815
-41
101
739
-259
267
1,092
-691
23
-698
234
729
168
533
39,
68,550
67,915
77,763
77,659
81,409
86,376
89,368
43,970
65,303
74,120
67,537
64,389
66,224
68,966
71,369
80,342
76,539
81,515
87,787
92,642
97,671
1965 (Est.)..
93,000
Calendar years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
i960
1961
1962
1963
70, 562
-9,U9
592
-401
-250
-303
284
522
-523
530
-6
-145
507
Months;
196>Jan.
Feb..
Mar..
Apr.
May..
June.
7,305
9,663
5,735
6,953
12,061
8,013
6,763
7,806
7,590
7,470
7,715
-2,480
542
1,857
-1,854
-516
4,346
-126
404
-270
269
-223
-529
July.
Aug..
Sept.
Oct..
Nov..
3,547
7,290
10,095
3,400
7,131
8,803
7,863
8,305
7,815
8,776
7,784
8,289
-4,316
-1,015
2,279
-5,377
-652
514
192
5,853
8,047
10,148
6,609
6,136
12,310
8,492
7,521
7,871
7,930
7,511
9,513
-2,639
526
2,277
-1,322
-1,375
2,797
-130
581
-41
607
-436
-639
3,487
6,653
10,072
7,410
8,083
8,450
-3,923
-1,430
1,622
-40
66
-130
20,212
23,942
-3,730
-105
5;
Dee..
1964- Jan
Feb
Mar
Apr
May,
. .
June p.
July
August. .
September.
.
1965 to date.
-7
155
93
135
76
-908
2
..
October 1964
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 2.- Detail of Miscellaneous Receipts by Major Categories
(In millions of dollars)
Fiscal year
or month
Total
Interest
Dividends
and other
earnings
Realization upon
loans and
investments
Recoveries and
refunds
Royalties
Sale of
Government
property
Sale of
prod-
ucts
SeigniDrage
Fees for
permits
and
licenses
2,749
3,196
3,158
4,064
628
745
601
967
438
674
506
1,111
328
328
587
436
266
322
343
114
79
90
93
96
387
345
325
392
312
304
350
374
49
49
59
53
1961
1962
1963
942
877
765
946
805
743
860
970
1,012
1,076
754
182
154
200
133
114
121
124
78
343
263
263
330
342
370
196ip
4,082
3,206
4,436
4,046
324
463
1965 (Est.)
4,113
937
375
131
137
474
1964- Jan...
Feb...
Mar.
352
591
313
81
58
73
72
266
92
10
7
29
-13
10
Apr.
May...
June p
240
243
356
July..
Aug.
.
.
.
Sept...
F.Y. 1965
to date.
125
25
44
54
53
57
55
58
81
62
45
101
69
431
55
11
36
23
24
56
32
27
8
13
20
2/
10/
1J/
20
23
23
6
93
325
16
12
94
14
89
11
79
11
13
28
86
65
100
101
110
120
437
70
119
142
343
9
4
13
6
6
7
5
9
11
5
12
1
6
8
13
1
8
6
7
1
1
5
26
1
1
1
34
36
4
-11
7
10
13
20
91
31
77
739
323
252
493
92
18
11
1
5
-20
61
1
12
93
104
32
36
29
85
35
29
22
20
10
25
28
1
1,314
590
289
94
44
X/
p
Income taxes not withheld,
Includes adjustments as Tollows for:
March -$6 million, June +$106 million, and August -$4. million;
income taxes withheld, March -$50 million, June -$57 million^and
August -$78million; transfers to Federal Old-Age and Survivors
Insurance Trust Fund, March +$52 million, June -$^6 million, and
August +$80 million; and transfers to Federal Disability Insurance
Trust Fund, March +$^ million, June -$2 million, and August +$2
million.
See also footnote 9.
Interest on refunds is included in expenditures in Table 3.
The principal amounts for refunds of employment taxes and certain
excise taxes (highway) are excluded from the transfers of tax receipts
shown herein, and are included with refunds of internal revenue
receipts, applicable to trust accounts.
Amounts appropriated to the Federal Old-Age and Survivors Insurance
Trust Fund are equivalent to the amounts of taxes collected and
deposited for old-age insurance. Amounts transferred currently for
appropriation to the trust fund are based on estimates of old-age
insurance tax receipts made by the Secretary of the Treasury (4.2
U.S.C. ^01 (a)), and are adjusted in later transfers on the basis of
wage and self-emplo3aQent income records maintained in the Social
Security Administration.
The Federal Disability Insurance Trust Fund was established by the
Social Security Act Amendments of 1956, approved August 1, 1956 (i2
U.S.C. 401 (b)). The act appropriated to the trust fund amounts
equivalent to specified percentages of the wages and self -employment
income, respectively, which are taxed for old-age insurance, and
provided that the amounts appropriated should be transferred from time
to time to the trust f\ind on the same basis as transfers to the Federal
Old-Age and Survivors Insurance Trust Fund. Rates of tax were increased by the percentages appropriated to the Federal Disability
Insurance Trust Fund, the increase being applicable to wages paid and
taxable years beginning after December 31, 1956.
Amounts are appropriated to the Railroad Retirement Account equal to
the amount of taxes under the Railroad Retir^.^ent Tax Act deposited
1
12/
12/
14/
1m
*
P
118
15
20
22
6
83
76
87
5
8
47
17
40
Footnotes to Table
8/
160
161
133
111
111
Actual figures through 1961 are from reports to the Treasury
Department by disbursing officers and administrative agencies, on the
monthly statement reporting basis (see page II); and from the monthly
statement of receipts and expenditures thereafter. Estimates are
from the 1965 Budget document, released January 21, 1964, including
7/
Other
1/
29
30
Source:
6/
Fines,
penalties
and forfeitures
etc.
1957
1958
1959
1960
371
Fees and
other
charges
for
services,
1
14
17
effect of proposed legislation.
Consists of miscellaneous taxes (principally the tonnage tax on foreign
vessels entering U. S. ports), bullion charges, gifts and contributions,
and undistributed proceeds, sale of foreign currency,
Preliminary.
(Continued)
in the Treasury, less refunds, during each fiscal year (65 Stat. 222
and 66 Stat. 371) and transfers are made currently.
The Employment Security Act of I960, approved September 13, I960 (42
U.S.C. 1101), established in the Unemployment Trust Fund, an adminsistration account, and appropriated for credit to that account,
beginning with fiscal 1961, amounts equivalent to taxes collected
and deposited under the Federal Unemployment Tax Act. The tax
receipts are transferred currently on the basis of estimates by the
Secretary of the Treasury, with later adjustments as necessary.
From that account is to be paid the administrative expenses of the
employment security program. Previously the corresponding amounts
were included, respectively, in budget receipts and budget
expenditures.
The Highway Revenue Act of 1956, as amended, (23 U.S.C. 120, note
established a Highway Trust Fund from which are to be made, as
provided by appropriation acts, Federal-aid highway expenditures
after June 30, 1956, and before October 1, 1972. The act appropriated to this fund amounts equivalent to specified percentages of
receipts from certain excise taxes on motor fuels, motor vehicles,
tires and tubes, and use of certain vehicles, and provided that the
amounts appropriated should be transferred currently to the trust
fund on the basis of estimates by the Secretary of the Treasury with
proper adjustments to be made in subsequent transfers. Before fiscal
1957 corresponding excise tax receipts were included in net budget
receipts and Federal-aid highway expenditures were included in
budget expenditures.
For content, see Table 4. These transactions are included in the
detail of both budget receipts and expenditures but are deducted
from the totals (see Reporting Bases, p. Tl).
Figures in this column differ from those published under the same
caption prior to the September I960 Treasury Bulletin because of the
exclusion of certain interfund transactions (see footnote H).
Less than $500,000.
Preliminary.
Treasury
ATMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
Corporation Income and Profits Taxes
Bulletm
.......
October 1964
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Agencies
(Ip millions of dollars)
Legislative
Branch
Fiscal year
or month
Executive Funds
Office
appropriated
Judiciary
to the
President President
97
1957.
1958.
1959.
1960.
of the
10
39
99
118
126
U
11
A7
49
56
56
52
70
29
Agriculture
Department
Health,
Education,
and
Civil
functions Welfare
Department
Defense Department
Commerce
Department
Military
38,439
39,062
41,233
4Z,82i
639
971
4,115
4,081
4,109
1,764 2/
5,006
4,875
7,091
5,419
562 2/
645
382
539
5,929
6,669
7,735
7,926
498
594
676
685
44,677
48,205
48,252
49,749
733
807
902
Interior
Department
Justice
Department
Labor
Depart-
214
229
250
258
418
567
1,016
Post
Office
Department ^y
State
Department
549
525
179
206
272
247
831 4/
908
1,029
1,126
284
294
317
332
914
797
770
258
307
408
572
2,295
2,645
3,092
3,403
666
751
690
801
518
674
774
23
1,808
2,053
3,968
4,089
370
547
341
(Est.)...
179
28
3,733
5,815
833
50,000
1,192
5,853
1,148
343
667
475
382
1 96^- January
February.
March
15
16
2
192
281
171
65
53
48
4,117
4,040
4,143
88
70
76
513
2
788
567
567
93
99
72
35
25
26
77
-224
48
-15
145
30
28
3
519
253
383
76
4,215
4,265
5,103
85
75
73
84
89
26
26
33
24
26
44
64
45
24
132
538
210
661
31
2
2
333
363
604
2
196
91
457
468
115
112
36
28
59
33
493
137
27
74
73
73
42
92
104
120
32
330
247
3,238
3,512
3,907
70
2
1,068
979
689
95
45
773
2,736
187
10,656
316
i.qs
364
n_i
216
201
137
General
Services
Administration
Housing
and
Home
Finance
Agency
National
AeroVeterans
nautics
AdminisSpace
and
tration
Adm. 8/
Other
independent
agencies
I96I
13i
153
1962
1963
1964p
57
62
65
U7
152
1%5
.
.
.
April
May
June p.
.
..
July
August
September.
.
23
9
2
13
12
13
3
11
12
19
. .
2
31
56
54
999
1,128
1,153
3,685
4,215
4,909
5,490
4%
489
F.Y. 1965
to date.
16
41
Treasury Department
Interest
Fiscal year
or month
1957
1958
1959
I960
1%1
On
public
debt 5/
On
refunds
of taxes
7,244
7,607
7,593
9,180
57
74
69
76
Other
6/
748
765
2,178 12/
875
1,246
2,735
5
131
7
4
78
99
228
228
1965 (Est.)...
11,000
1964- January.
February.
925
880
907
April....
May
June p . .
895
899
6
7
96
948
6
133
July
August. .
September
957
913
927
6
99
95
88
2,798
503
90
1964P
I
w
1,193
987
985
1,059
F.Y. 1965
to date
2,541
2,623
2,713
2,806
2,758
2.765
83
68
74
88
March ....
1,990
2,268
Federal
Aviation
Agency
7/
638
698
726
751
8,957
9,120
9,895
10,673
1962
1963
Atomic
Energy
Commission
7
9
87
282
570
425
359
408
-23
199
1,152
309
387
502
739
U5
Total by
of
Columbia agencies
2/
654
633
664
81,515
87,787
92,642
97,671
98,500
1V 600
97,900
8,573
7,641
7,883
80
120
12
8,492
7,521
7,871
7,945
7,537
9,561
15
26
47
7,930
7,511
9,513
80,697
77,233
5,401
5,392
5,173
794
937
293
66
57
28
50
72
Total
budget
expenditures
11/
82,169
88,419
93,155
98,334
31
7U
3
68,966
69,433
145
401
8
467
567
355
694
26
25
911 12/
Less:
interfund
transactions
10/
59
71 ,936
71 ,369
80,342
76,539
466
600
410
1,257
2,552
349
4,171
5,481
160
829
578
149
4,990
5,066
-85
73
58
59
201
48
64
54
-79
-2
479
450
454
68
48
27
17
221
355
317
359
233
223
242
55
50
50
452
326
504
414
448
499
-312
71
-48
-15
261
228
67
66
49
63
100
441
79
23
8
7,887
8,167
477
84
8,083
66
46
162
478
487
96
225
334
385
386
167
-6
8,456
6
8,450
199
158
Jill
48
Actual figures are from the monthly statement of receipts and
expenditures of the Government ( for explanation of reporting bases, see
page II); estimates, including effect of proposed legislation, are from
Revised estimates
the 1965 Budget document released January 21, 1964.
of administrative budget receipts and expenditures for fiscal year
1965 were submitted to the President, by the Secretary of the Treasury
and the Director of the Budget, and announced by the White House on
May 22, 1964, as follows (in billions): receipts $91.5, expenditures
$97.3, deficit $5.8.
Note:
Figures in this table are for agencies as constituted at the time
expenditures were made, and therefore do not necessarily represent
functions which are comparable over a period of time.
For expenditures
by functions on a consistent basis, see Table 6.
Agency shifts are
reflected in this table as follows:
Beginning 1957, Alaska Road
Construction from "Interior Department" to "Commerce Department," and
Federal intermediate credit banks and production credit corporations
as indicated in footnote 12; beginning 1958, Federal Facilities Corporation (remaining functions) from "Treasury Department" to "General
Services Administration, " and Informational Media Guaranty Fund from
"Funds appropriated to the President" to "Independent agencies;"
Source:
District
4,805
5,098
5,232
5,250
940
956
224
620
257
89
-60
-12
39
1
1
18
513
IV
7,ao
567
23,94^
342
24,509
1,407
26
1,105
beginning 1959, Federal Civil Defense Administration from "Independent
agencies" to "Executive Office of the President," Civil Aeronautics
Board from "Commerce Department" to Independent agencies, "Civil
Aeronautics Administration from "Commerce Department" and Airways
Modernization Board from "Independent agencies" to the "Federal
Aviation Agency," National Advisory Commission for Aeronautics from
"Independent agencies" to "National Aeronautics and Space Administration;" from fiscal 1960 through November 1962, and from December 1963,
through March 1964, military assistance from "Funds appropriated to
the President" to "Defense Department, military," and beginning 1962,
subscriptions to international institutions from "Treasury Department"
to "Funds appropriated to the President."
the change
1/ Consists of net expenditures of the Postal Fund, reflecting
in classification of Post Office transactions to a public enterprise
revolving fund basis, and beginning fiscal I960, payment for public
301
services.
ex2/ Beginning 1957, Federal aid for highways is excluded from budget
penditures and Included in trust account expenditures (see Table 1).
2/ Adjusted for reclassification.
Remaining footnotes on following page.
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 4*- Interfund Transactions Excluded from Both Net Budget Receipts and Budget Expenditures
(in millions of dollars)
Interest payments to the Treasury
Fiscal
year or
month
Total
Total
interest
Commodity
Credit
Corp.
Export
Import
Bank of
Washington 2/
Housing
and
Home
Finance
Agency
Panama
Canal
Company
Small
Business
Admin,
3/
i67
567
355
694
456
340
24
557
342
682
421
181
31
41
465
46
1961
1962
654
633
1964P
513
664
410
330
186
199
43
1963
640
620
499
648
1965 (Est.)...
600
584
268
19D4-January.
February.
March. . .
80
120
77
120
12
12
1957
1958
1959
196C
April.
. .
May
June p.
.
July
August
September
.
F.Y. 1965
to date.
.
.
6
1
Tennessee
Valley
Authority
Veterans'
Administration
V
10
14
19
11
3
9
9
7
7
23
9
9
10
15
32
11
14
20
27
40
47
34
118
146
160
152
21
176
11
32
50
73
3
57
51
Under
Defense
Production
Act i/
Other
6/
Reimbursement by
Panama
Canal
Company
2/
24
3
10
30
42
35
4
4
12
7
11
8
16
18
22
13
12
26
16
6
154
Federal
intermediate
credit
Charges
for
audits
banks'
of
franchise
tax 8/
various
agencies
9
14
15
3
24
96
11
15
11
26
47
26
4i
477
477
84
429
567
432
34
47
45
39
90
_1/
4
3
25
3
11
18
1
46
26
31
72
31
1
15
12
J^
13
6
567
Source: See Table 1.
J/ By Government agencies operated as revolving funds; on loans (see "Debt
Outstanding," Table 6) and other interest-bearing U. S, investments.
2/ Excludes transactions under Defense Production Act.
2/ Consists of payments by: Office of the Administrator for college
housing, urban renewal, prefabricated housing loans for 1955, and public facility loans beginning 1957; Federal National Mortgage Association;
and Public Housing Administration,
4/ Direct loan program.
By various agencies for programs under the Defense Production Act.
6/ Consists of payments by the: Colorado River Dam Fund, Boulder Canyon
project; Virgin Islands Corporation; Bureau of Federal Credit Unions;
3
Civil Defense Program Fund; Farmers' Home Administration: Agricultural
Credit Insurance Fund (formerly the Farm Tenant Mortgage Insurance Fund),
and the direct loan account, both established pursuant to Title III of
the Agricultural Act of 1961, approved August 8, 1961; Informational Media Guaranty Fund beginning 1959; Federal Ship Mortgage Insurance
Fund beginning I960; and St. Lawrence Seaway Development Corporation
beginning 1960.
For net cost of Canal Zone Government, less tolls on Government
vessels, and for part of treaty payment for use of Canal Zone.
Realization on the Government's investment.
Less than $500,000.
Preliminary.
V
Footnotes to Table 3.- (Continued)
4/
i/
6/
2/
8/
2/
JO/
Beginning with fiscal 1961, administrative expenses of the employment security program are handled as trust account expenditures
rather than budget expenditures, pursuant to the Employment Security
Act of I960, approved September 13, I960 (^2 U.S.C. 1101); see
Table 1, footnote 12.
Reported on an accrual basis effective June 30, 1955.
Includes Reconstruction Finance Corporation except beginning July 1,
195i+, certain functions transferred:
Under Reorganization Flan No. 2
of 195A (15 U.S.C. 609, note) to the Export-Import Bank, the Federal
National Mortgage Association, and the Small Business AdMinistration;
and under Executive Order 10539, as amended, (15 U.S.C. 603, note)
to the General Services Administration.
The corporation was abolished
at the close of June 30, 1957, by Reorganization Plan No. 1 of 1957,
and its remaining functions were transferred to the Housing and Home
Finance Administrator, Administrator of General Services, Administrator
of Small Biisiness Administration, and Secretary of the Treasury,
Established pursuant to the Federal Aviation Act of 1958 (^9 U.S.C.
1341 (a)), approved August 23, 1958.
Established pursuant to the National Aeronautics and Space Act of
1958 (42 U.S.C. 2472 (a)), approved July 29, 1958.
Consists of Federal payment and loans and advances.
For content, see Table 4. These transactions are included in the
detail of both budget receipts and budget expenditures, but are deducted from the totals (see Reporting Bases, p. II),
1
1/
U/
13/
14/
*
Figures in this column differ from those published under the same
caption prior to the September I960 Treasury Bulletin because of the
exclusion of certain interfund transactions (see footnote 10).
Effective January 1, 1957, the production credit corporations were
merged in the Federal intermediate credit banks, pursuant to the Farm
Credit Act of 1956, approved July 26, 1956 (12 U.S.C. 1027), and operations of the merged agencies (as mixed-ownership corporations) were
classified as trust enterprise funds from January 1, 1957, until
January 1959 when they were classified as Government-sponsored enterprises (see "Trust and Other Transactions," Table 3); previously the
operations of the banks and the corporations, respectively, were
classified as public enterprise funds and were included net in budget
expenditures.
Includes $1,375 million paid to the International Monetary Fund for the
additional United States subscription, authorized by an act approved
June 17, 1959, consisting of $344 million in gold (see "Monetary
Statistics," Table 3) and $1,031 million in special notes. The special
notes of the United States issued to international institutions are
nonnegotiable and noninterest-bearing and are payable on demand. See also
"Consolidated Cash Transactions," Table 2 and "Debt Outstanding, "Table 1.
Totals include $300 million allowance for contingencies, $250 million
allowance for attack on poverty, and $544 million for comparability pay
adjustment.
Less than $500,000.
Preliminary,
October 1964
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Bxpendltures by Functions
-
(Continued)
(Fiscal years; in millions of dollars)
Functions
Interest;
Interest on the public debt
Interest on refunds of receipts
Interest on uninvested funds
Function
code
number
851
852
853
Total interest
General government ;
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
901
902
903
904
905
906
908
910
i960
1959
1962
1961
1963
1964
1965
through
August 1964
V
9,120
68
9,895
74
10
9,050
109
49
21
20
566
295
95
255
558
372
84
263
88
22
607
372
140
289
109
653
419
153
300
136
1,466
1,542
1,709
1,875
7,593
69
9,180
76
9
10
83
10
7,671
9,266
102
47
1,870
11
10,673
88
11
9,198
9,980
10,772
1,887
118
135
52
57
22
131
63
715
444
142
323
139
126
65
22
791
584
174
339
189
22
11
4
124
110
20
65
16
1,979
2,291
371
8,957
21
Undistributed
13
4
-6
Total
Certain interfund transactions included in
both expenditures and receipts
80,697
77,233
82,169
355
694
654
80,342
76,539
81,515
88,419
93,155
98,334
16,054
633
513
664
561
787
92,642
97,671
15,492
Less:
Budget expenditures
(
see table 3)
Source;
Expenditures for 1964 and 1965 are from reports received from disbursing, collecting, and administrative agencies of the Government, on
the monthly statement reporting basis (see page II).
They are classified in accordance with classifications used in the 1965 Budget document. Table 18, as nearly as can be done on an individual appropriation
and fund item basis. Prior year figures are from the same source but
have been adjusted below the appropriation level in some instances by
the Bureau of the Budget for use in Table 18.
Where current classifications differ on this account, they are footnoted.
Revolving fund
transactions are included net in the expenditures.
For expenditures by major functions for fiscal 1965 through September
1964, and fiscal 1964 through September 1963, see "Note" below.
Details
by functions are not available for publication in this issue but will
appear in the November 1964 Bulletin.
2/ See footnote 3.
2/ Expenditures for 19*^4 and 1965 Include those for assistance for elementary and secondary education applicable to fun^jtional code 701 and other
aids to education applicable to functional code 704.
These expenditures
were made from "Defense Educational Activities, Office of Education."
Expenditures for 1964 and 1965 include those for veterans' nonservioeconneeted pensions applicable to functional code 802 and other veterans' benefits and services applicable to functional code 805.
These
expenditures were made from "Compensation and Pensions, Veterans'Adminlstratlon.
V
V
^
p
3'',
See footnote 4.
Preliminary.
Expenditures ay major functions, see footnote 1.
Note:
Functions
National defense
International affairs and finance
Space research and technology,
Agriculture and agricultural resources
Natural resources
Coimnerce and transportation
Housing and community development
Health, labor, and welfare
Education
Veterans' benefits and services
Interest
General government
Total
Less:
1965 through
September 1964
(In millions)
11,520
12,853
629
411
1,105
843
2,564
2„356
789
743
947
767
240
95
1,501
1,345
359
346
1,410
1,372
2,824
2,618
622
554
24,509
Certain Interfund transactions.
Budget expenditures
1964 through
September 1963
24,308
567
325
23,942
23,983
.
,..
.
.
,
.
•
'
October 1964
.TRUST AND OTHER TRANSACTIONS.
Table 1.- Summary of Trust and Other Transactions
(In mill ions of dollari?)
Net receipts or
expenditures (-)
from trust
and other transactions
Fiscal /ear
or month
Trust and deposit fund accounts
Excess of
receipts, or
expenditures
195
1957
1958
1959
1960
633
-329
-50
1961
-602
1962
1963
436
97
586
1964P
Net
receipts
(-)
V
Net sale, or Investment
( -) ,
by Government
agencies in public debt
securities 2/
Net
expenditures
Net sale, or redemption
(-) , of securities of
Government agencies in
the market
1,363
829
-2,751
-870
14,301
16,153
16,769
20,342
12,938
15,325
19,521
21,212
-2,339
-597
1,130
-925
1,171
790
-851
1,143
1,462
23,583
24,290
27,689
30,332
22,793
25,141
26,545
28,870
-855
-493
-2,069
-2,756
-537
1,780
1,022
1,880
400
1,293
1,746
1965 (Est.)..-
-257
1,500
30,872
29,372
-2,338
581
1964-January..
February.
March. . .
-130
-1,169
1,642
1,088
3,705
2,330
2,257
2,063
2,227
1,328
-830
-167
-289
-230
24
-993
1,942
4,744
3,119
2,935
2,067
2,509
1,491
2,677
610
-3,230
-1,751
109
117
66
-130
-1,181
1,648
-273
1,532
4,171
1,994
2,713
2,524
2,266
1,205
-1,960
251
378
-108
-105
194
7,697
7,503
-504
205
April.
581
-41
May
June. p.
103
607
-436
-639
. .
. ..
-40
July
August..
September
Fiscal year 1965 to date.
.
.
2/ Includes guaranteed securities ( see Table 4)
Note:
Figures in this table differ from those published prior to August 1963
for shifts in classification including security transactions of Governmentsponsored enterprises from deposit fxind 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 rePreliminary.
p
ceipts from net receipts to net expenditures.
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 1965 Budget document, released
January 21, 1964, including effects of proposed legislation.
Certain interfund transactions are excluded from both receipts and
expenditures beginning with the July 1961 issue of the Bulletin.
For details see Table 6.
Source:
1/
502
-64
Table 2.- Trust Receipts
(In millions of dollars)
FOASI
Fiscal year
or month
Trust
Fund
7,101
1957..
1958..
1959..
1969..
7,824
8,109
10,360
Federal
Disability
Insurance
Trust
Fund
Railroad
Retirement
Account
339
943
929
1,062
723
695
758
1,403
Unemployment
Trast
Fund
24,097
24,818
28,193
30,854
61
1,766
2,541
2,800
2,955
3,293
1,741
3,510
2,017
31,349
234
735
114
53
2
1
42
2
185
283
290
265
186
34
204
164
190
1,096
3,717
2,345
39
2
177
167
256
306
77
63
4,751
15
February,
March . . .
2,170
1,380
159
99
92
70
April.
1,042
81
17
May
2,970
1,506
217
123
568
42
176
„
16,164
16,904
21,250
3,540
7
.
585
711
2,400
112
^.089
14,311
638
48
1,279
I
681
1,397
1,458
664
1,228
Fiscal year 1965
to date
1,482
2,044
2,088
69
67
63
3,933
16,271
.
1/
Total
trust and
other
receipts
51
1965 (Est.)...
2,493
1,028
Fund
Other
trust
receipts
778
890
1,546
1,400
1,128
1,192
August
September.
Highway
Trust
2,033
2,086
2,255
2,465
3,303
3,985
4,261
4,288
July
Federal
employees
retirement
funds
58
54
1,083
1,092
1,145
1,211
June p.
V
Government
Life
Insurance Fund
&6«
664
b58
664
11,824
12,011
13,856
16,043
1964 -January.
608
640
634
643
1,912
1,855
1,997
2,703
1961..
1962..
1963..
1964p.
1,051
1,081
National
Service
Life Insurance
Fund
52
71
1,946
90
568
256
899
134
37
216
34
549
325
107
3,563
16
273
47
2
190
326
740
38
1
171
383
79
95
92
70
83
95
41
1
247
326
137
1,536
4,180
2,016
297
203
1,108
127
260
7.732
1
608
1,034
Inter-
35
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
J
Trust and deposit funds
Figcal year
or month
Federal Old-Age
and Survivors
Insurance Trust
Fund
1957
1958
1959
I960
6,665
8,041
9,380
11,073
1961
1962
1963
1964p
11,752
13,270
Federal
Disability
Insurance
Trust Fund
Unemployment
Trust
Fund
Railroad
Retirement
Account
1
181
361
561
National
Service Life
Insurance
Fund
Government
Life
Insurance
Fund
632
730
778
1,136
1,644
3,148
3,054
2,736
515
544
562
582
86
120
4,734 2/
3,906
3,815
3,707
707
626
747
588
94
96
Federal
employees'
retirement
funds
Highway
Trust
Fund
699
792
896
966
1,512
2,613
2,945
79
73
955
1,063
1,183
1,326
2,620
2,784
3,017
3,646
591
80
83
Federal National
Mortgage Association 1/
Financing
by Treasury
Other
operations
924
102
176
946
41
3
-42
42
U,530
746
1,089
1,259
15,285
1,3a
1,124
1,135
1,112
1,139
16,091
1,428
1,1U
3,4^3
430
57
1,499
3,650
l,23i
1,253
1,272
103
106
107
99
102
94
422
572
443
205
37
17
39
5
110
i:8
115
241
179
226
April
May
June p
1,273
1,273
1,690
108
107
96
130
37
32
36
5
99
93
314
227
267
114
113
115
222
242
334
-19
14
July
August
September.
1,270
1,275
1,286
110
110
112
37
32
32
5
117
118
118
405
426
441
28
7
-134
-20
-12
93
235
217
210
6
100
3,831
532
290
662
101
15
352
1,271
-100
-27
1965 (Est.)
196i-Januarjr.
.
February.
March
.
.
Fiscal year 1965
to date
96
1957.
1958.
1959..
Other
trust 2/
565
S/'
915 &/
672 8/
711
I960..
Deposit
funds
(net)
5
5
5
-73
317
-730
-98
66
138
U
-16
-10
4
1
-3
-6
-20
3
5
Government-sponsored enterprises (net) 4/
Trust and deposit
funds-( Continued)
Fiscal year
or month
5
-16
Total
trust and
deposit funds
Farm
Credit
Administration
^
Federal
home loan
banks
Federal
Deposit
Insurance
Corporation
Total
Total
trust
and
other
expenditures
Less:
Interfund
transactions
Net trust
and other
expenditures
^
1/
216
-31
-61
-75
12,901
15,962
18,363
21,636
274
116
562
437
-124
-628
854
182
-104
-115
-124
-134
46
-627
1,292
484
12,947
15,335
19,655
22,120
135
908
12,938
15,325
19,521
21,212
205
-589
23,546
24,577
26,365
27,535
396
374
483
468
-487
872
363
1,572
-148
-154
-161
-183
-239
1,092
685
1,857
23,308
25,669
27,050
29,392
515
528
505
521
22,793
25,141
26,545
28,870
10
11
1961..
1962..
1963..
1964p.
697
835
1,208
1,052
1965 (Est.)....
1,875
-17
29,738
413
-100
-202
111
29,849
477
29,372
103
-79
-57
-72
3
-189
-247
-67
2,265
2,075
2,242
8
-112
-95
12
106
49
-lU
82
2,454
2,322
2,309
2,257
2,063
2,227
2,523
2,102
2,623
129
76
40
292
-88
161
276
-51
-202
290
-4
-15
-1
417
-27
329
2,940
2,074
2,952
113
128
74
-60
80
165
1
206
3
-21
-9
13
6
246
188
11
2,717
2,532
2,288
2,713
2,524
2,266
278
181
-14
4^5
7,537
7,503
1964- January. ,
February.
March
April
May
June p
99
77
80
.
.
.
July
August.
September.
.
.
Fiscal year 1965
to date
-5U
H6
57
53
2,471
2,344
2,278
299
67
7,093
Source:
See Table 1.
1/ Secondary market operations, as provided in the Housing Act of 1954,
approved August 2, I954 (12 U.S.C. 1719). Funds provided by the
Treasury (-), or repaid to the Treasury, are shovm in a separate
column (and correspondingly are reflected net in budget expenditures).
2/ See Table 2, footnote 4.
3/ Includes principally District of Columbia operating expenditures; Funds
appropriated to the President - military advances under foreign assistance programs and mutual security trust funds; Indian tribal funds;
expenditures chprgeable against increment on gold; and trust enterprise
funds (net).
The Railroad Unen^jloyment 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.
-281
-118
7/
8/
12
16
4
7
U3
2,935
2,067
2,509
Previously shown as deposit funds (see Table 1, Note).
Includes banks for cooperative, Federal intermediate credit banks,
and Federal land banks.
For content see Table 6.
These transactions are included in the
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 Government- sponsored
enterprises.
Preliminary,
.
.
.
.
.
.
'
October 1964
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
Total jy
Total
trust
accounts
etc. 1/
274
-1,255
-1,011
494
264
-41
707
-225
285
301
-1 ,089
21
-78
-63
1,782
2,416
-821
692
-129
-139
69
-952
72
456
573
-1 ,232
925
760
1961
1962
855
i93
2,069
2,756
96^-January ....
February. ..
March
April
May
Unemployment
Trust
Fund
36
-33
-35
597
-1,130
1
Railroad
Retirement
Account
325
729
552
2,339
1958
1959
1960
1965 (Est.)
Federal
Disability
Insurance
Trust Fund
220
-499
-1 ,290
-726
1957
1963
1964P
Federal
Old-Age and
Survivors
Insurance
Trust Fund
2,302
506
1
National
Service
Life
Insurance
Fund
Highway Federal
Trust
intermediFund
ate credit
banks 2/
Other
trust
accounts,
etc.
V
-16
-56
-17
803
-21
871
-393
-428
28
-24
97
45
-44
-35
1,063
1,034
1,075
1,126
233
202
242
-69
27
93
301
72
U
1,841
125
-204
136
475
234
-1,345
822
273
-884
443
246
-80
4
-78
-19
-286
-151
16
-9
170
-225
-1,510
3,079
1,537
-707
1,882
-51
-84
-10
483
-205
772
-93
404
418
671
958
-U
-90
72
2,338
-1 ,491
Federal
employees
retirement
funds
89
95
76
62
-1,328
830
167
Government
Life
Insurance
Fund
-25
-22
99
886
-140
33
-14
94
68
-3
-5
57
112
1
75
104
93
86
3
3
-3
-3
48
88
-39
-279
-10
160
1
June p
1,751
172
99
34
176
28
56
55
431
July
August
-1,205
1,960
-1,258
-775
-72
-87
-87
15
-3
75
-51
1,915
37
-5
9
6
53
-133
-224
659
-96
-5
-251
1,100
-5
-3
128
-90
45
35
-135
504
433
320
-33
476
31
-11
256
-273
-55
3,230
September.
Fiscal year 1965
to date
2
-92
Trust accounts, etc .-(Continued)
Public enterprise funds
Government-sponsored enterprises
Total
Governmentsponsored
enterprises
y
1957..
1958..
1959..
1960..
39
46O
-70
239
1961
434
Banks
for
cooperatives
Federal
Deposit
Insurance
Corporation
104
115
124
134
Federal
home
loan
banks
Federal
land
banks
Federal
intermediate
credit
banks2/
Total
public
enterprise
funds
Federal
Federal
interHousing
mediate
Adminiscredit
tration
banks 2/
-67
36
78
346
-299
91
51
102
166
53
62
1
149
3
191
287
340
97
-32
36
114
102
105
2
148
287
1962..
1963..
30
154
771
161
1964P.
43
183
-122
612
-141
304
202
100
497
127
-119
-36
57
72
-3
-176
-109
17
-1
8
13
91
-106
-113
19
151
1
-292
188
184
-1
-318
21
U3
-6
U
.
1965 (Est.).
1964-Jan.
Feb.
Mar.
Apr....
May, . .
June p.
-287
4
204
15
July
August. . .
September.
-318
164
-31
Fiscal year 1965
to date
185
-186
1
-60
Production
credit
corporations 2/
-40
Federal
National
Mortgage
Association 2/
Federal
Savings and
Loan Insurance Corporation
15
18
19
17
18
8
42
-23
-63
34
229
269
244
25
6
14
Tennessee
Valley
Authority
Other
144/
14
18
18
-12
-29
-10
22
-18
19
45
349
29
6
-5
-9
8
4
101
-8
-2
214
37
6
28
196
24
-26
53
72
2
44
-51
8
-7
-3
-25
44
-27
-14
-4
10
8
5
-199
70
Source:
See Table 1
1/ See Table 1, Note.
2/ See Table 3, footnote 8.
2/ Management and liquidating functions as provided by the Housing Act of
4/
»
24
64
-3
7
18
Investment includes
1954, approved August 2, 1954 (12 U.S.C. 1721).
guaranteed securities.
Includes net transactions in guaranteed securities. See also footnote 3.
Less than $500,000.
p Preliminary.
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 not guaranteed by the United States
Securities guaranteed by the United States
Public enterprise funds
Fiscal year
or month
Total 1/
Total
guaranteed
Federal
Farm
Mortgage
Corporation
Federal
Housing
Administration
1957
1958
1959
1960
-1,171
-400
-1,293
-1,746
1961
1962
1963
1964p
537
-100
-81
-1,780
-1,022
-1,880
-204
-162
-206
-204
-162
-206
1965 (Est.)
1964- January. .
February.
March
.
.
-33
6
-10
-28
fund
D.
C.
Tot3l not
guaranteed
1/
stadium
fund
-1,137
-406
-1,283
-1,717
-19
638
-1,576
-860
-1,674
-581
43
239
230
-20
-31
-25
-20
-31
-25
309
261
16
-23
11
-125
-95
-513
-24
-109
-117
-502
16
-23
July
August
64
-378
108
-8
-27
-38
205
-73
Fiscal year 1965
to date
Public enterprise funds
•""nterprise
-33
6
-10
-29
April
May
June p
September.
Home
Owners'
Loan
Corporation
Trust
11
-625
-27
-38
2
73
-350
146
Federal
intermediate
credit
banks 2/
Federal
National
Mortgage
Association
136
-233
6
797
Home
Owners'
2.^
Loan
Corporation
.
.
October 1964
13
.TRUST AND OTHER TRANSACTIONS.
Table 6.- Interfund Transact lone Excluded from Both
Net Trust Account Receipts and Net Trust Account Expenditures
{In millions of dollars)
Fiscal year
or month
1957
1958
1959
1960
Federal
Old -Age and
Survivors
Insurance
Trust Fund 1/
Federal Disability
Insurance
Trust
Fund 1/ 2/
Railroad
Retirement
Account
V
1/2/
124
600
3
10
135
908
86
32
37
9
47
12
12
13
15
515
528
505
13
16
477
132
101
423
403
22
22
38
1964P
1965 (Est.)
418
35
7
15
1
4
7
443
1
4
1
Federal Old-Age and Survivors and Federal Disability Insurance trust
funds so as to place those funds in the position in which they
would have been if railroad employment after 1936 had been included
under social security coverage.
Includes interest on amounts reimbursed to the Federal Old-Age and
Survivors Insxirance Trust Fund for administrative expenses.
Includes temporary advances to the Railroad Unemployment Insurance
Account in the Unemployment Trust Fund when the balance in the
8
22
1:
35
21
See Table 1
Source:
iy Payments are made between the Railroad Retirement Account and the
2/
16
2
July
August
September
2/
8
12
1
2
19
521
1
1
11
Fiscal year 1965 to date
11
211
6
403
Total
9
10
10
13
April
May
June p
V
District
of
Columbia 6/
5
361
1964-January
February
March
Federal
employees'
retirement
funds
2
332
1961
1962
1963
Unemployment
Trust
Fund
4/
^
6/
account is insufficient to meet payments of benefits and refunds due
or to become due.
Repayment of advances plus interest to the Railroad Retirement Account,
See footnote 3
Transfers from the Civil Service Retirement and Disability Fund to
the Foreign Service Retirement and Disability Fund.
Contributions and beginning with 1958, transfers of deductions from
employees salaries to the Civil Service Retirement and Disability
Fvmd.
Less than $500,000.
p Preliminary.
'
*
u
Treasury Bulletin
CONSOLIDATED CASH TRANSACTIONS
Consolidated cash transactions reported in the Treasury-
both.
Noncash items representing the obligations of the
Bulletin are on a basis consistent with Federal receipts from
Government to make payments in the future also are eliminated
and payments to the public as derived in the Budget of the
from expenditures currently, but are added later when actual
United States (in the Budget for 1965 in Special Analysis A).
payments are made.
Shown also is the aaajnt of net cash borrcving from, or repay-
accrued on the public debt and expenditures involving the
ment of borrowing to, the public.
Revisions of the figures for
earlier years have been made where necessary to make them as
nearly con^jarable with current Budget classifications as available data will permit.
For this reason certain of the figures
differ somewhat from those published in previous Budget doc-
cuments as well as in the Bulletin.
This series of cash transactions is designed to provide
information on the flow of money between the public and the
Federal Government as a whole, and therefore includes transactions not cleared through the account of the Treasurer of
the United States.
Receipts and payments include transactions
both in administrative budget accounts and in trust and deposit
fund accounts.
Major intragovemmental transactions which are
reported as both expenditvires and receipts are excluded from
These itans consist of certain interest
issuance of a few special public debt securities.
Checks
outstanding, deposits in transit, and other clearing accounts
are excluded from payments.
Receipts from the exercise of
monetary authority are excluded as not representing cash
received from the public.
Federal cash borrowing from the
public includes net borrc^ing by the Treasury through public
debt transactions and also net borrowing by Government agencies
and Government-sponsored enterprises through sales of their
own securities.
It excludes changes in the public debt which
do not represent direct cash borrcving from the public.
The
net effect of all these transactions with the public is reflected in changes in the balance in the Treasurer's account
and in cash held outside the Treasury.
J
. ,,.
October 1964
15
•CONSOLIDATED CASH TRANSACTIONS
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
Federal receipts from the publ ic
Less:
Federal payments to the public
Equals;
IntragovemFiscal year
or month
Administrative budget
receipts
Trust
and other
receipts
(net)
Fiscal year:
1957
1958
1959
I960
1961
1962
1963
196Ap
1965 (Est.)...
196ji- January,
.
February.
March
April
May
June p. ...
,
July
ftugnst.
. .
September.
Fiscal year 1965 to date.
70,562
63,550
67,915
77,763
77,659
81,i09
86,376
89,368
mental snd
other
noncash
transactions
(See Table 2)
U,301
Total
Federal
receipts
from the
publ ic
Administrative budget
expenditures
(net)
Trust and
other
expenditures (net)
20,342
23,583
24,290
27,689
30,332
68,966
71,369
80,342
76,539
81,515
87,787
92,642
97,671
12,938
15,325
19,521
21,212
22,793
25,141
26,545
28,870
-1,899
-3,222
-5,111
-3,423
-4,766
-5,266
-5,436
-6,422
80,006
83,472
94,752
94,328
99,542
107,662
113,751
120,119
2,099
-1,580
-13,092
750
-2,300
-5,797
-4,012
-4,680
93,000
30,872
-4,130
119,742
97,900
29,372
-2,948
1,088
3,705
2,330
1,942
8,492
7,521
7,871
7,930
7,511
9,513
2,257
2,063
2,227
2,935
2,067
2,509
-4,581
-902
-191
-707
-703
-45
-1,733
122,690
5,853
8,047
9,848
9,393
9,390
10,163
9,533
10,290
-3,219
2,132
2,778
-1,829
1,119
3,996
95
-5,472
-666
2,039
-4,099
16,
7M
6,609
6,136
15,310
4,7U
-313
-228
-309
-217
-227
3,119
-1,H4
6,628
11,525
12,168
8,334
10,652
14,286
3,487
6,653
10,072
1,532
4,171
1,994
-274
-273
-327
4,745
10,552
11,739
7,410
8,083
8,450
2,713
2,524
2,266
-1,016
10,217
11,218
9,700
20,212
7,(frr
-873
27,035
23,942
7,503
-310
31,135
10,
U8
Public
debt increase, or
decrease (-)
-2,224
5,816
8,363
1,625
2,640
9,230
7,659
1963
1964p
public
cash
receipts from,
or payments
to (-), the
public
82,1C5
81,892
81,660
95,078
97,242
101,865
109,739
115,440
Plus:
Fiscal year:
1957
1958
1959
I960
1961
1962
Excess of
Total
Federal
payments
to the
-2,758
-2,811
-3,025
-3,027
-4,001
-3,834
-4,326
-4,261
16,153
5,853
611
Cash borrowing from the public, or repayment (-)
Change in securities held by the public
Fiscal year
or month
Intragovernmental and
other
noncash
transactions
(See Table 2)
Net sales
of Covemment e^encf
securities in
market 1/
Net investment
in securities by
Government
agencies 2/
Total
securities
held by
the public,
increase, or
decrease (-)
Noncash
debt
transactions
(See Table 2)
292
200
1,171
400
1,293
1,746
-537
1,780
1,022
1,880
-2,339
-597
1,130
-925
-855
-493
-2,069
-2,756
-3,392
5,619
10,785
2,446
1,248
10,517
6,612
4,977
-2,160
-597
-536
-923
-1,033
-1,099
Total
cash
borrowing
from the
public,
or repayment (-)
-3,100
5,820
8,626
1,848
712
9,594
5,579
3,878
Plus:
Seigniorage
Equals:
Cash balances,
net increase, or
decrease (-)
Treasurer'
ccount
49
59
44
53
55
58
45
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
Cash held
outside
the
Treasury
Total
changes
in the
cash
balance
118
-74
348
-952
4,299
-4,422
2,651
-1,533
3,854
1,611
-733
84
194
-23
335
-333
150
-3,027
2,724
1,838
-2,235
1,883
2,886
5
140
-23
-4
-222
1965 (Est.)...
5,200
581
-2,338
3,U3
-550
2,893
55
1964- January .
February.
March.. ..
-770
1,780
-767
-1,989
3,931
181
-289
-230
24
109
117
502
1,328
-830
-167
1,491
-3,230
-1,751
269
720
-911
-389
819
-1,068
-86
-133
-35
-22
-61
-48
183
586
-946
-411
758
-1,116
9
6
6
6
-3,111
2,531
1,861
-2,571
2,215
2,735
-530
2,906
1,520
-64
378
-108
1,205
-1,960
611
1,324
-38
-67
572
3
-4, 886
5
640
-10
-43
-4,896
1,257
251
1,663
-82
1,581
7
3,400
226
3,626
3,897
205
-504
3,598
-187
3,ao
15
-846
173
-674
April
May
June p .
.
July
August.
.,
September
Fiscal year 1965 to date.
Source:
1/
Actual figures are based on the monthly statement of receipts and
expenditures of the Government and the daily Treasury statement ( for
explanation of reporting bases, see page II); estimates, including effect
of proposed legislation, are from the 1965 Budget document released
January 21, 1964.
See "Trust and Other Transactions", Table 5, for net sales and redemptions
of Government agency securities in market.
2/
2/
p
5
6
See "Trust and Other Transactions", Table 4, for net Investments
in public debt and agency securities.
Includes increment resulting from reduction in the weight of the
gold dollar; excluded from receipts from the public but included
In cash deposits in the Treasurer's accovmt.
Preliminary.
597
I
Treasury Bulletin
16
'CONSOLIDATED CASH TRANSACTIONS
Table 2.- Intragovernmental and Other Noncash Transactions
(In millions of dollars)
Intrggovemmental trangactions excluded from both receipts and payments
Interest
on trust
fund
investments
Fiscal year
or month
Fiscal year:
1957
1958
1959
1960
1961
1962
1963
1964p
Payroll
deductions
for employees
Employers'
share
378
4,075
55
4,130
94
9
90
3
1
13
110
303
222
304
313
228
339
85
-15
78
1
14
9
-7
212
222
1,138
-1
62
47
120
270
267
320
7
274
273
327
32
230
858
15
873
74
102
88
84
1,657
954
954
11
50
86
78
90
86
73
957
85
78
83
83
22
6
89
54
11
79
89
79
24
9
94
94
263
263
12
56
July
August. . .
September,
Fiscal year 1965 to date.
2,753
2,811
3,025
3,027
4,001
3,834
4,326
4,261
27
914
973
744
838
845
914
973
U
y
Total
receipts
adjustments
134
7U
66
37
75
1964- January.
February
March. ...
158
133
103
105
792
Total
Seigniorage
898
560
525
579
845
Other 2/
Noncash
debt
transactions
relating
to receipts
2,709
2,751
2,980
2,975
3,945
3,776
4,281
4,192
641
660
1965 (Est.)...
.
Federal
payments
to District
of Columbia
744
744
338
1,318
l,3i2
1,315
1,327
l,Aai
1,423
1,467
1,603
April
May
June p.
'ivll service retirement 1/
54
V
561
49
59
44
53
55
58
45
6
6
217
227
5
6
6
1,1U
3
5
Noncash debt transactions relating to payments
Intragovernmental
transactions
(See
above)
Fiscal year
or month
Fiscal year:
1957
1958
1959
I960
1961
1962
1963
1964p
2,709
2,751
2,980
2,975
3,945
3,776
4,281
4,192
1965(Est.)
4,075
1964- January
February.
March
.
.
April
May
June p
July
August
September.
Fiscal year I965
to date
.
j;
Interest
increment
on savings
and retirement plan
bonds
(net)
Discount
on
securities
(net) b/
V
336
385
383
136
430
496
577
611
Adjusted
service
and
armed
forces leave
bonds 2/
Inter-
United
AmerNations
funds
bonds
2/
ican
Development
Bank
2/
International
Development
Association
2/
52
-131
418
205
-209
145
119
268
55
66
70
25
603 10/
58
58
14
13
International
Monetary
Fund 7/
Total
noncash
debt
transactions
relating to
payments
-674
-450
1,361
-292
-200
2,160
259
253
171
255
177
597
536
-52
923
1,033
1,099
76
84
18
10
86
44
133
13
-1
212
222
1,138
38
22
48
-36
41
-2
-1
24
270
267
320
63
43
-20
59
24
858
165
41
35
22
25
61
-22
1/ Beginning with fiscal 1958 excludes District of Columbia.
2/ Includes mainly, general fund advances to trust funds (net), dividends
and interest paid to the Treasury by trust enterprise funds, administrative expenses of the Federal Old-Age and Survivors and Federal
Disability insurance trust funds, and the Federal contribution to the
Civil Service Retirement Fund.
2/ Includes increment resulting from reduction in the weight of the gold
dollar; excluded from receipts from the public but included in cash
deposits in the Treasurer's account.
i/ Beginning fiscal 1961 includes temporary extended unemployment compensation payments.
1/ Accrued interest on the bonds, i.e. the difference between the purchase
48
-14
-14
6/
2/
8/
^
10/
•
Checks
outstanding
and
certain
other
accounts 2/
i
Total
,1
payments j
adjustments
j
^
31
1,899
3,222
5,111
3,423
4,766
5,266
5,436
6,422
-U
4,581
563
-684
503
-51
521
-135
902
453
-607
-525
15
370
703
45
1,733
6
18
186
1,072
191
707
-95
38
67
82
-627
524
-954
-319
90
1,016
187
448
-1,183
310
551
1
il
-557
576
-105
-281
279
548
-64
1,100
39
93
76
132
550
303
222
304
37
Accrued
interest
on the
public
debt 8/
-611
price and the current redemption value less interest paid on bonds
redeemed.
Discount on securities at time of issuance less interest paid at time
redeemed.
Treated as noncash expenditures at the time of issuance of the securities and as cash expenditures at the time of their redemption;
net issuance, or redemptions (-).
Net increase, or decrease (-), in accrued liability.
Net increase, or decrease (-), in checks outstanding, deposits in
transit, and other accounts.
Not shown separately in the Budget document.
Preliminary.
Less than $500,000.
p
..
October 1964
17
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 ejtpendltures but also
trust, deposit fund, and public debt transactions.
The working cash of the Treasury Is held mainly In
Treasurer 'a accounts with Federal Reserve Banks and branches.
As the
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.
balances In these accounts become depleted, they are
restored by calling In (transferring) funds from the tax and
The tax and
loeui
account system permits the Treasury
loan accounts with thousands of commercial banks throughout
to leave funds In banks and In the communities In which they
arise until such time as the Treasury needs the funds for Its
the country.
operations.
Deposits to tax and loan accounts occur In the normal
!
the same bank.
course of business under a uniform procedure applicable to
all banks whereby customers of banks deposit with them tax
Ipayments and funds for the purchase of Government securities.
!In
most cases the transaction Involves merely the transfer of
In this way the Treasury Is able to neutralize
the effect of Its fluctuating operations on bank reserves
and the economy.
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Seoretary
of the Treasury for 1955,
pages 275-28U.
money from a customer's account to the tax and loan account In
I
Table 1.- Statu? of the Account of the Treasurer of the United States
(In millions of dollars)
Assets
Treasury operating balance
End of
fiscal
year or
month
Available
funds in
Federal
Reserve
Banks
Tax and loan
accounts in
special
depositaries
Gold in
Treasury
fund
Total
operating
balance
Silver,
coin, and
currency
Unclassified
collections,
etc.
depositaries
Total
assets
V
Balance in
account of
Treasurer
of U. S.
190
259
306
253
37
49
63
58
302
287
273
337
UO
5,969
9,548
11,251
10,238
179
147
136
145
64
70
74 2/
222
303
342
234
335
121
120
120
313
360
6,769
10,509
12,116
11,036
120
6,622
133
173
183
264
7,375
7,375
126
162
194
141
134
59
122
224
260
188
376
354
318
4,264
6,795
8,656
4,264
6,795
8,656
440
166
234
413
330
360
336
313
351
498
410
535
504
4,082
8,218
3,744
6,458
489
1961
1962
408
612
806
939
5,453
8,815
10,324
9,180
109
1963
196^
1963-December.
880
5,621
1964 -January.
791
401
101
106
58
February.
March ....
1,024
831
2,451
4,783
6,940
115
3,368
5,928
7,887
April ....
May
June
925
890
939
3,974
6,557
9,180
112
5,011
174
131
7,578
10,238
161
46
66
145
58
July
August.
September
785
939
933
4,505
5,085
8,339
118
5,408
6,137
9,389
185
42
175
192
41
179
122
62
195
.
Liabilities
In other
5,069
9,030
4,380
7,068
1957
1958
1959
1960
121
120
113
117
Source:
V
In Federal
Reserve
Banks in
process of
collection
Daily Treasury statement.
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 becajne
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
2/
2/
365
429
375
441
6,037
9,990
U7
5,451
100 2/
87
8,092
6,085
8,300
1
1
,036
6,150
6,789
18,189
240
75
79
5,590
9,749
5,350 2/
8,005
6,694
10,430
12,116
11,036
6,085
8,300
1 1
,036
6,150
6,789
10,189
through June 1958, after which they are included in the balance in
(See footnote 2).
the Treasurer's account.
Through June 1958, the balance of the Treasoirer was reduced when
Treasurer' s checks were issued and the amount of the checks was
carried as a liability until paid. Effective July 1958, the balance
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.
Treasury Bulletin
18
.
ACCOUNT OF THE TREASURER OF THE UNITED STATES
,
Table 2.- Analysis of Changes In Tax and Loan Account Balances
(
In millions of dollars)
Credits
Balance
Proceeds from sales of securities 1/
Fiscal year
or month
Savings
bonds
Retirement
plan
bonds 2/
1957
1958
1959
i960
2,976
2,82i
2,668
2,679
5,043
2,922
7,581
1961
1962
1963
1964
2,787
2,725
2,699
2,760
7,613
5,898
2,963
7,784.
During period
Withheld
and
excise J/
Income (by
special
arrangement ) 4/
6,568
13,513
13,164
7,920
26,709
27,881
29,190
33,059
4,152
7,903
5,919
6,053
45,448
1,788
3,774
3,830
2,014
34,511
37,519
41,267
43,580
9,142
475
T/ix
anticipation
securities
Taxes
Other
Average
58,520
57,496
1,073
912
1,390
2,987
3,246
3,638
4,103
55,842
56,438
57,595
58,277
56,847
53,076
56,085
59,421
5,453
6,521
6,835
9,921
8,815
10,324
9,180
7,653
8,889
10,324
10,257
1,161
1,531
2,535
1,577
4,151
4,457
5,325
4,747
4,U9
1,748
6,892
4,792
5,621
5,970
2,428
4,082
1,499
5,459
23
4,688
2,197
1,825
5,707
7,108
4,995
3,375
4,951
2,451
4,783
6,940
6,005
4,891
7,437
2,166
2,323
2,743
3,405
3,459
5,013
20
3,168
4,987
6,712
6,134
2,404
4,089
3,974
6,557
9,180
6,234
6,700
9,447
1,577
4,234
4,467
3,477
5,656
6,642
1,844
5,094
8,134
6,519
4,5U
4,505
5,085
8,339
9,155
5,899
8,519
302
2^8
223
April
May
June
223
211
221
1,387
4,775
4,426
2,065
July
235
219
204
1,546
4,875
3,911
4,019
Source: Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U.S. Government securities
purchased by them Tor their own 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/ Retirement plan bonds first offered for sale as of January 1, 1963.
2/ Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows: Withheld Income tax beginning
Lou
6,078
8,869
8,055
6,458
221
.
High
4,082
8,218
3,744
6,458
1963-December.
August. .
September,
End of
period
46,000
50,908
62,994
54,782
1964 -January. .
February .
March
1,539
Total
credits
Withdrawals
V
4/
»
63
55,0U
4,880
813
3,732
4,ai
2,742
6,165
5,109
5,529
March 19^8; taxes on eaplpyers and employees \mder the Federal Insurance Contributions Act beginning January 1950, and under the Railroad
Retironent Tax Act beginni n g 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 pe^Bents, or a portion of them, made by checks
of $10,000 or *ore drawn on a special depositary bank, to be credited
to the tax and loan account in that bank. This procedure is followed
during some of the quarterly periods of heavy tax payments,
Less than $500,000.
;(
s
.
,.
.0October 1964
19
•ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table 3»~ Summary of Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)
Net cash transactions other than bcrrowing
Period
Deposits and withdrawals (budget,
trust, and other accounts)
Cash
deposits
Cash .withdrawals 1/
Excess of leposits,
or withdrawals (-)
81,875
82,094
31, £12
94,362
77,279
85,015
93,736
93,317
4,596
-2,921
-12,124
1,044
1963
1964
96,397
105,911
114,454
121,581
97,774
112,183
118,477
124,066
-877
-6,278
-4,023
-2,435
1965 (Eat.)
119,797
122,690
-2,393
7,278
12,187
13,419
11,084
13,874
9,862
-3,306
1,313
^,557
April
May
June
8,151
11,670
-1 ,917
14, 568
10,068
10,373
9,620
July
August , . ,
September,
4,858
11,951
11,614
10,445
11,742
9,727
-5,587
208
1,887
F.Y. 1965 to date
28,422
31,9U
-3,492
Fiscal year:
1957
1958
1959
1960
1961
W^
1964- January, ,
February,
March
1,297
'„
549
Plus:
Clearing
accounts
ing,
Total
ne',
transa''*".ions
2/
1,904
1,327
-306
309
Net cash borrowor repayment of
^orrowing (-)
Equals:
Treasurer'
account balance, increase, or decrease (-
Treasury Bulletin
20
DEBT OUTSTANDING
Table 1.- Summary of Federal Securities
(In millions of dollars}
Total outstanding
fublic debt
End of
fiscal
year or
month
Total J/
Public
debt 2/
uuaran
teed
Guaraii-
Public
debt
securities
106
283,380
268,486
274,698
281,833
283,241
285,911
294,886
302,559
308,169
285,672
294,442
301,954
307,357
240
742
305,955
762
793
818
305,254
306,919
306,222
307,601
311,532
311,713
802
805
813
311,183
314,089
315,610
821
19'//
-
^76,444
^84,817
286,471
270,527
276,343
284,706
286,331
107
1958
1959
1960
140
1961
289,211
298,645
306,466
312,526
238,971
298,201
305,860
311,713
240
444
607
813
1963-December.
310,089
309,347
964 -January
February.
March
309,339
311,150
310,408
308,577
310,357
309,590
April
Kay
June
308,402
312,337
312,526
July
August
September.
312,004
314,938
316,496
1962
1963
1964
.
.
7^1,634
teed
securities
Total
Total
Matured
International
Monetary
Fund
International
Development
Association
^
G'mroriteed
securi-
InterAmerican
Development bank
Other
6/
2,042
1,646
2,873
3,090
2,042
1,646
2,873
3,090
529
597
476
1,068
618
1,979
U5
2,238
605
812
3,300
3,759
3,907
4,357
3,299
3,759
3,906
4,356
349
438
310
295
2,496
2,667
2,922
3,289
58
115
129
142
55
125
150
396
484
420
480
305,213
741
4,134
4,133
349
3,036
164
125
459
304,499
306,132
305,405
755
787
817
4,085
295
266
3,03b
3,166
3,171
164
164
164
125
4,186
4,078
4,225
4,185
125
125
459
459
459
304,186
308,018
308,169
303,385
307,214
307,357
801
804
812
4,216
4,319
4,357
4,215
4,318
4,356
278
382
295
3,166
3,164
3,289
164
164
142
150
150
150
457
458
480
307,675
310,472
312,007
306,855
309,625
311,122
820
847
885
4,330
4,465
4,488
4,328
4,464
4,487
273
425
298
3,289
3,275
3,425
142
150
142
142
150
474
472
472
268,592
274,798
101
111
848
886
Special notes to -
i/V
2/
1
Matured debt and debt bearing no interest
Interest-bearing debt
281
,9U
101
110
139
4U
4.231
Source: Daily Treasury statement,
Includes certain debt not subject to statutory limitation.
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 securities were issued to the
Treasury (see Table 6).
2/ Held outside the Treasury.
444
430
4l7
407
150
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. 3. subscription to each.
For current month detail, see "Statutory Debt Limitation," Table 2,
ij
X/
311
ties 2/
(matured)
^
6/
Table 2,- Computed Interest Charge and Computed Interest Rate on Federal Securities
tT'ollar amotint.'^
in Tiillions)
Total interest-bearing securities
End of
fiscal year
or month
Amount
outstanding
Computed annual interest rate
Computed annual
interest charge
-.uar-
Marketable issues
interest-
Public debt
and guaranteed securities
Public
debt
Public debt
and guaranteed securities
y
y
Public
debt
1957
1958
1959
I960
268,592
274,798
281,944
283,380
268,486
274,698
1961
1962
1963
1964
285,911
294,880
302,559
308 , 1 69
285,672
294,442
301,954
307,357
10,141
10,931
9,519
10,119
10,900
1963-December.
305,955
305,213
10,631
1964-January.
February.
March
305,254
306,919
306,222
304,499
306,132
305,405
April
May
June
304,186
308,018
308,169
July
August...
September
307,675
310,47?
312,007
.
Public debt
Total
bearing
securities
Total
public
debt
Total
Bills
'if
Certificates
7,328
7,248
8,069
9,320
7.325
7,245
8,066
9,316
730
638
867
297
2.730
2.638
2.867
3.297
2.707
2.546
2.891
3.449
3.197
1.033
3.316
3.815
3.345
330
842
8,769
9,534
8,761
072
240
3.063
3.285
3.425
3.659
2.584
2.926
361
561
3.072
239
360
560
10,603
3.487
,486
3.578
10,665
10,800
10,792
10,636
10,770
10,761
3.506
3.532
3.537
506
3.531
303,385
307,214
307,357
10,750
10,908
10,931
10,720
10,878
10,900
3.547
3.555
306,855
309,625
311,122
10,928
11,027
11,088
10,897
10,995
11,055
281 ,833
283,241
Notes
Treasury
bonds
Nonmarketable
issues
4/
anteed
Special securities
issues
V
2.611
2.622
2.628
2.681
2.504
2.806
3.304
4.058
2.482
2.576
2.619
2.639
2.853
2.892
2.925
3.219
2.635
2.630
2.694
2.772
073
377
283
3.704
3.680
2.829
3.122
3.1U
3..344
2.891
3.003
3..471
3.330
3.364
3.412
3.462
2.803
3.921
3.854
3.500
3.658
3.782
3.596
3.250
3.862
3.417
3.443
3.103
3.736
3.670
3.689
3.715
3.250
3.250
3.250
3.848
3.863
U8
3.U6
457
3.457
3.447
3.450
3.107
3.124
3.135
3.740
3.537
3.602
3.637
3.643
3.657
3.663
3.659
3.746
3.742
3.729
3.250
3.882
3.854
3.854
3.457
3.561
3.546
3.i54
3.560
3.471
3.471
3.457
3.460
3.462
3.118
3.170
3.238
3.777
3.778
3.782
3.566
3.566
3.568
3.565
3.565
3.567
3.666
3.662
3.663
3.718
3.720
3.722
3.838
3.823
3.535
3.535
3.466
3.468
3.228
3.253
3.780
3.783
3.821
3.536
3.472
3.258
3.789
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 th^ case of
securities sold at a premium or discount, beginning with May 1960).
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
1/
2/
J/
4/
3.081
3.729
721
3.i;63
3.238
3.751
3.776
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 1964
21
DEBT OUTSTANDING
Table 3,- Interest-Bearing Public Debt
(In millions of dollars)
Public Issues
Total
interestbearing
public
debt
End of
fiscal
year or
month
Marketable
Total
public
Certificates
Notes
Treasury
bonds 1/
Total
Nonmarke table
Treasury'
bonds,
U.S.
Depossavings investitary
ment
bonds
series
1959
I960
268,486
274,698
281,833
283,241
221,658
228,452
237,078
238,342
155,705
166,675
178,027
183,845
23,420
22,406
32,017
33,415
20,473
32,920
33,843
17,650
30,973
20,416
27,314
51,483
80,839
90,932
84,853
81,297
65,953
61,777
59,050
54,497
47,
1961
1962
1963
1964
285,672
294,442
301,954
307,357
240,629
249,503
257,153
260,729
187,148
196,072
203,508
206,489
36,723
42,036
47,230
50,740
13,338
13,547
22,169
56,257
65,464
52,145
67,284
80,830
75,025
81,964
88,464
53,481
53,431
53,645
54,240
47,514
47,607
48,314
49,299
1963- Dec.
305,213
261,555
207, 571
51,539
10,939
58,680
86,413
53,984
1964-Jan.
Feb.
Mar.
304,499
306,132
305,405
262,581
263,249
262,184
208,589
209,218
208,223
52,547
53,550
52,548
10,939
4,198
4,198
56,444
64,457
64,478
88,658
87,013
86,998
53,993
54,031
53,961
Apr.
May.
June
303,385
307,214
307,357
261,381
262,179
260,729
207,356
208,009
206,489
51,049
52,246
50,740
4,198
65,130
67,279
67,284
86,979
88,484
88,464
July,
306,855
309,625
311,122
261,118
262,184
263,755
206,776
207,692
208,981
51,048
52,045
53,345
58,621
58,559
58,572
97,106
97,088
97,063
1957
1958
Aug.
Sept.
Source:
Daily Treasury statement.
1/ Includes $50 million -if Panama Canal bonds for fiscal years 1957-60.
2/ Consists of certificates of indebtedness. Treasury notes beginning
January 1963, and Treasury bonds beginning September 1964, sold to
foreign governments for U.S. dollars.
3/ Consists of the dollar equivalent of Treasury certificates of
l^
Foreign
series
securities 2/
196
171
183
170
5,830
4,727
3,921
3,546
117
138
103
103
48,827
3,685
98
582
48,925
49,046
49,101
3,649
3,638
3,613
97
97
98
505
435
54,025
54,170
54,240
49,142
49,224
49,299
3,559
3,552
3,546
99
99
103
54,343
54,492
54,774
49,371
3,535
3,529
3,515
103
103
103
282
312
5U
49,4a
49,502
Special
issues
46,827
46,246
11,135
9,621
8,365
6,783
54,622
51,984
50,503
Foreign
currency
Other
series
securities i/
U,756
4A,899
860
648
392
19
25
29
75
630
832
45,043
U,939
68
44,801
46,627
760
32
43,658
56
55
373
760
760
710
64
41,917
42,883
43,221
398
398
392
762
832
832
65
65
68
42,004
45,034
46,627
983
69
69
45,737
549
1,035
1,035
47,U1
47,367
indebtedness and from October 1962 Treasury bonds issued and
payable in designated foreign currencies.
Includes mainly Treasury bonds, Rural Electrification Ad m inistration
series beginning July I960, and retirement plan bonds begin n ing
January 1963.
Table 4.- Average Length and Maturity Distribution of Marketable Interest-Bearing Public Debt
1/
(In millions of dollars)
Maturity classes
End of
fiscal year
or month
Amoujit
outstanding
Within
1 year
1 - 5
5-10
10-20
20 years
years
years
years
and over
Average length
1957
1958
1959
I960
155,705
166,675
178,027
183,845
71,952
67,782
72,958
70,467
40,669
42,557
58,304
72,844
12,328
21,476
17,052
20,246
26,407
27,652
21,625
12,630
4,349
7,208
8,088
7,658
yrs.
yrs.
yrs.
yrs.
9 mos.
1961
1962
1963
1964
187,148
196,072
203,508
206,489
81,120
88,442
85,294
81,424
58,400
57,041
58,026
65,453
26,435
26,049
37,385
34,929
10,233
9,319
8,360
8,355
10,960
15,221
14,444
16,328
5
yrs.
yrs.
yrs.
yrs.
6 mos.
11 mos.
1" mo.
mo.
15,642
16,378
16,372
16,363
5
yrs.
1 mo.
5
yrs.
yrs.
yrs.
1 mo.
1963-December.
1964- January
February.
March. . .
.
April,
May
June
. .
July
August. ,
September
89,403
88,445
85,046
84,044
58,487
57,509
63,392
63,413
37,900
36,053
36,047
8,357
8,357
8,357
8,356
207,356
208,009
206,489
82,554
82,930
81,424
64,057
62,825
65,453
36,041
37,561
34,929
8,355
8,355
8,355
16,350
16,339
16,328
5
60,672
57,443
57,452
43,010
43,002
42,995
8,354
8,354
8,353
17,508
17,505
17,491
5 yrs.
206,776
207,692
208,981
77,231
81,389
82,689
Office of Debt Analysis in the Office of the Secretary.
All issues are classified to final maturity except partially tax-exempt
Source:
1/
207,571
208,589
209,218
208,223
35,682
5
5
5
5
5
5
yrs.
yrs.
yrs.
yrs.
yrs.
3
mos.
7 mos.
4 mos.
1 mo.
1 mo.
mo.
1 mo.
mo.
4 mos.
4 mos
3 mos.
bonds, which have been classified to earliest call date. The last of
these bonds were called on August 14, 1962, for redenption on
December 15, 1962.
Treasury Bulletin
22
DEBT OUTSTANDING
Table 5.- Special Public Debt Issues to United States GovernBent Investment Accounts
Un
End of fiscal
year or month
1957
Total
i6,827
i6,2i6
1953
1959
I960
U,75k
U,899
Federal
Deposit
Insurance
Corporation
Federal
Old-Age
and
Survivors
Insurance
Trust Fund
Federal
Savings
and Loan
Insurance
Corporation
19,463
18,610
17,227
16,413
103
112
116
104
7,394
7,738
8,608
9,397
1,200
50
16,200
15,074
10,414
11,382
12,438
13,530
1,071
14,221
14,799
138
182
98
332
1,028
1,003
956
234
436
678
609
5,759
5,804
5,714
5,783
Federal
Federal
Disability
home
Insurance
loan
Trust
banks
Fiind
718
673
629
694
1,533
2,017
50
165
165
59
2,299
2,304
2,165
1,903
74
372
82
325
9%
millions of dollars J
Federal
employees
retirement
funds
Government
Life
Insurance
Fund
1,1U
1,127
1,107
Highway
Trust
Fund
404
822
429
1
National
Service
Life
Insurance
Fund
4,931
263
5,601
5,603
2,609
2,590
2,580
4,315
4,630
4,457
286
299
519
5,607
5,610
5,783
2,496
2,486
4,252
5,024
2,%9
4,931
249
298
464
5,798
5,808
2,882
2,877
2,877
4,844
5,504
1963-Dec ember.. 43,658
72
1,925
324
13,648
51
12,819
981
332
75
183
1,845
1,833
1,820
140
65
59
84
92
12,857
12,914
12,989
967
964
959
400
58
12,764
13,207
13,452
512
512
5,604
57
90
82
12,746
14,627
14,799
98
136
332
13,044
13,099
13,530
931
560
643
609
60
14,025
15,128
15,123
344
314
264
13,605
13,658
13,786
953
948
945
558
220
270
1,769
1,868
1,903
July
45,737
August.... 47,441
September. 47,367
342
338
289
1,831
1,869
1,857
112
67
Source:
Daily Treasury statement.
1/ Includes Canal Zone Postal Savings System through 1959.
2/ Consists of: Adjusted Service Certificate Fund (through December 1956),
928
956
426
336
3,417
3,586
123
120
126
138
4,804
4.6,627
1%
6,671
5,636
5,580
2,687
1%i
42,004
45,034
46,627
7,9%
3,531
5,752
1963
556
500
260
270
April
May
June
3,475
Other
2/
192
156
263
464
44,939
44,801
179
Unemployment
Trust
Fund
4,625
4,657
4,803
4.5, Oi3
41,917
42,883
43,221
Railroad
Retirement
Account
3,504
3,316
2,786
2,969
1961
96^- January . .
Febru&ry,
March
V
5,570
5,665
5,742
5,803
1%2
1
Postal
Savings
System
5,8U
26
5,399
496
459
610
various housing insurance funds. Veterans' Special Term Insurance Fund,
and beginning March 1963, the Exchange Stabilization Fund.
Less than $500,000.
i
i|
j
—
..
'
October 1964
23
.
DEBT OUTSTANDING
Table 6.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollxirs)
Agriculture department
Agency
End of
fiscal
year or
month
Total
for
International
Development jy
Commodity
Credit
Corporation
Rural
Electrification
Administration
Secretary:
Farmers
Home
Administration
programs
2/
ExportImport
Bank of
Washington
i/
Housing and Home
Finance Agency
Adminis-
trator
4/
1957
1958
1959
I960
22,731
21,859
25,343
25,636
1,198
1,188
1,164
1,138
13,383
11,528
12,874
12,704
2,519
2,728
2,923
3,155
265
256
323
369
1,205
1,528
1,937
1,636
282
476
730
977
1961
26,011
1962
1963
1964
28,634
29,166
29,241
1,107
1,062
807
735
11,534
12,990
13,599
13,990
3,332
3,484
3,657
3,828
456
854
1,027
1,170
1,698
1,830
1,476
830
1,213
1,567
2,005
2,302
1963-Dec ember.
28,748
746
13,250
3,749
1,093
1,274
2,180
196^ -January.
February.
March,
29,131
29,253
746
746
746
13,361
13,532
13,709
3,839
3,839
3,839
1,145
1,139
1,140
1,239
1,234
1,186
2,220
2,257
2,258
April.
29,300
May
29,286
29,376
June
29,241
746
746
735
13,855
13,902
13,990
3,909
3,909
3,828
1,177
1,182
1,170
844
858
830
2,308
2,345
2,302
27,693
23,491
735
735
1,157
1,158
1,158
841
735
3,908
3,908
3,908
812
28,747
12,314
13,163
13,268
2,342
2,358
2,399
. .
July
August
September
. .
796
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 1963
Annual Report of the Secretary of the Treasury, page 720, and the 1963
Combined Statement of Receipts, Expenditures and Balances of the United
States Government, pages 505-506.
2/ And predecessor agencies. Beginning fiscal 1957 figures exclude notes
previously issued by the Administrator in cormection with informational
media guaranties . The obligation 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.C. 1442), and the notes together with
others issued for the same purpose are included in "Other."
2/ Farm housing and other loan programs, and Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund).
2/ Includes securities transferred from the Reconstruction Finance Corporation, but excludes securities issued under the Defense Production
Act.
4/ Consists of notes issued to borrow for: The urban renewal program
^
6/
Federal
National
Mortgage
Association
^
Public
Housing
Administration
Sea;/ay
Development
Corporation
1,741
41
1,502
2,351
2,338
35
27
112
29
118
3,202
3,167
32
32
121
121
2,716
2,393
25
123
123
2,543
65
2,556
2,523
154
60
Tennessee
Valley
Authority
48
97
Veterans'
Administration:
Direct
loan
program
Under
Defense
Production
Act
of 1950
6/
Other
7/
733
780
930
1,180
1,29^
1,723
1,950
1,970
21
50
85
1,330
1,530
1,730
1,730
1,964
1,976
1,923
2,019
22
22
29
35
122
50
1,730
1,911
35
122
122
123
75
50
50
1,730
1,730
1,'30
1,910
1,987
1,997
34
33
33
2,448
2,393
123
123
123
50
85
85
1,730
1,730
1,730
1,995
2,015
2,019
33
35
35
2,408
2,371
123
85
123
85
1,730
1,730
2,485
123
95
1,730
2,012
2,012
2,012
36
36
37
2,491
2,451
65
18
22
21
(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 172l(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 Exploration Administration)
the Export-Import Bank of Washington through March 1962;
and the Secretary of the Treasury.
Consists of notes issued by the: Secretary of the Treasury; Small
Business Administration, fiscal year 1957; United States Information
Agency for informational media guaranties (see footnote l); Secretary
of Commerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund fiscal years 1959-61, and 1963-65, beginning March 1963;
Virgin Islands Corporation beginning fiscal 1960; District of Columbia
Commissioners for the Stadium Sinking Fund beginning June 1962; and
Secretary of the Interior (Bureau of Mines) for development and operation of helium properties begirining May 1964.
;
7/
Saint
Lawrence
Treasury Bulletin
24
,
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
1957
1958
1959
1960
1961
1962
1963
196i
Total
Banks for
cooperatives
Federal
home loan
banks 1/
Federal
intermediate
credit banks
Federal land
banks 2/ 2/
Federal National
Mortgage Association
Management
and liquidating issues
Tennessee
Valley
Authority
All other
issues
179
199
28i
330
738
456
992
1,259
924
1,159
1,456
1,600
1,552
1,646
1,888
2,137
7,765
9,332
10,192
11,865
382
430
i59
i98
1,055
1,797
2,770
4,201
1,723
1,855
2,133
2,315
2,357
2,550
2,725
2,973
2,198
2,556
1,960
1,698
50
145
145
180
1,050
1,165
1,290
2,284
1963-December.
11,705
588
4,363
1,952
2,834
1,788
180
196^- January,
February.
March.
588
588
586
4,043
3,653
3,627
1,964
2,018
2,069
2,834
2,886
2,886
1,786
1,786
1,785
180
180
180
53i
527
i98
3,627
3,727
2,973
2,973
2,973
1,781
4,201
2,156
2,246
2,315
180
180
180
498
4,04t
4,194
4,182
2,396
2,433
2,424
2,973
3,102
3,102
1,698
1,696
1,571
April.
May
June
.
.
11,395
11,111
11,133
.
.
11,250
11,351
1
1 ,865
July
August.
September,
.
11,792
12,142
11,996
538
538
Source:
Office of Debt Analysis and' agency reports.
N^te:
The securities sh^wn in the table are public offerings.
1/ The proprietary interest of the United States in these banks ended
in July 1951.
1,698
1,698
f
}
i
5,013
5,i23
6,708
8,i07
570
797
797
797
\ji
180
180
180
2/ The proprietary interest of the United States in these banks ended in
June 1947.
3/ Figures do not include securities which are issued for use as collateral for commercial bank borrowing and not as a part of public offerings.
Includes small amounts owned by Federal land banks.
:
October 1964
25
STATUTORY DEBT LIMITATION-
The Second Liberty Bond Act (31 U.S.C. 757b), as amended
by an act approved June "^0, 1959, provides that the face amount
of obligations issued under authority of that act, and the face
amount of obligations guaranteed as to principal and interest
by the United States (except guaranteed obligations held by
the Secretary of the Treasury) shall not exceed in the aggregate $285 billion outstanding at any one time. The cor|responding limitation in effect under the act of June 26, 194-6,
|was $275 billion and that under the act of September 2, 1958,
Tenporary increases to the permanent limita|was $283 billion.
tion of $285 billion, have been authorized as follows:
$10
billion from July 1, 1959, through June 30, I960 (act of
June 30, 1959); $8 billion from July 1, 1%0, through June 30,
1961 (act of June 30, I960); $13 billion from July 1, 1961,
through March 12, 1962, and $15 billion from March 13 thxougi:
June 30, 1962 (acts of June 30, 1961, and March 13, 1962); $23
billion frcm July 1, 1962, through M-^rch 31, 1963, $20 billion
from April 1 through May 28, 1963, $22 billion from May 29
through June 30, 1963, and $2^. billion from July 1, 1963
through June 30, 196^ (acts of July 1, 1962, May 29, 1963,
August 27, 1963, and November 26, 1963, and an additional
$6 billion, making a total of $30 billion, from December 1,
1963, through June 29, 196^ (act of November 26, 1963)); and
$39 billion from June 29, 1%.^ through June 30, 1965 (act of
June 29, \%l).
Table 1.- Status Under Limitation September 30, 1964
(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 June 29, 196A
324,000
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
315,249
316,135
Total amount of securities outstanding subject to statutory debt limitation.
7,865
Balance issuable londer limitation
Daily Treasury statement.
Table 2,- Application of Limitation to Public Debt and Guaranteed Securities
OutFtandlng September 30, 1964
(In millions of dollars)
Class of security
Public debt :
Interest-bearinff securities:
Marketable:
Treasury bills
Treasury notes
Treasury bonds.
.
Total marketable
Nonmarketable:
Foreign series:
Certificates of indebtedness
Treasury notes
Treasury bonds
Foreign currency series:
Certificates of indebtedness
Treasury bonds
Treasury certificates
Treasury bonds
U. S. savings bonds (current redemption value)
U. S. retirement plan bonds
Depositary bonds
Treasury bonds, investment series
Treasury bonds, R. E. A. series
Total nonmarketable
Special issues to Government agencies and trust funds
Total interest-bearing securities
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
Special bonds of the United States:
United Nations Children' s Fund series
United Nations Special Fund series
United Nations F.A.O. World Food Program series
United States notes ( less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes
Other debt bearing no interest
Total debt bearing no interest
Total public debt
Guaranteed securities: 1/
Interest-bearing
Matured
Total guaranteed securities
Total public debt and guaranteed securities
Subject to statutorydebt limitation
53,345
Not subject to statutory
debt limitation
Total
outstanding
26
Treasury Bulletin
October 1964
27
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding September 30, 1964
Other Than Regular Weekly and Annual Treasury Bills - (Continued)
(In millions of dollars)
Year
and
month
of final
maturity
1/
Treasury Bulletin
28
—.
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Amounts In millions of dollars)
Description of new issue
Issue date
Number of
days to
maturity 1/
Maturity
date
Amount of
bids
tendered
Amount of bids accepted
Total
amount
Regular weekly bills;
1964-Oct.
1
Dec.
31
91
182
1,913.7
1,580.5
1,200.2
900.4
9
Oct.
1965-Jan.
8
7
91
182
2,178.9
1,414.3
1,201.2
900.0
July
16
1964-Oct.
1965-Jan.
15
14
91
182
2,122.7
1,409.2
1,201.5
902.5
July
23
'1964-Oct.
22
21
91
182
2,069.8
1,332.9
1,200.7
899.8
2,147.3
1,000.9
91
182
2,203.7
1,889.2
1,200.7
902.0
1964- July
2
July
1965-Jan.
1964-Oot.
Oct.
July
July
29
Oct.
Nov.
Nov,
Nov,
Nov.
Dec.
Dec.
Dec.
2/.
r
30
15
22
29
5
12
19
27
3
10
17
Oct.
29
1965-Jan.
28
78
85
92
99
106
113
121
127
134
141
I
Aug.
6..
1964-Nov.
1965-Feb.
4
91
182
2,081.4
1,751.0
1,200.4
900.6
Aug.
13p.
1964-Nov.
1965-Feb.
12
11
91
182
2,092.4
1,597.3
1,195.8
901.8
Aug.
20p.
1964-Nov.
1965-Feb.
19
18
91
182
2,070.8
2,041.0
1,200.2
901,3
Aug.
27p.
1964-Nov.
1965-Feb.
27
25
92
182
2,049.2
1,962.1
1,201.5
902.0
ri964-Dec.
tl965-Mar.
3
3p..
4
91
182
2,129.4
1,522.5
1,200.7
900.3
Sept. lOp.
1964- Dec.
1965-Mar.
10
11
91
182
2,169.5
1,463.9
1,301.8
900.8
Sept. 17p.
1964- Dec.
1965-Mar.
17
18
91
182
2,082.5
1,474.4
1,301.6
900.0
Sept. 24p.
1964- Dec.
1965-Mar.
24
25
91
182
2,200.3
1,624.0
1,302.0
900.6
2,235.0
1,001.0
Sept.
5
Tax anticipation bills:
1964-Sept.
2
1965-rtar.
22
1964^Iuly
15
One-year bills:
1963-July
Sept.
Oct.
15..
Aug.
31
Sept. 30
366
363
365
Oct.
Nov.
Dec
31
30
31
362
363
363
1965-Jan.
Feb.
31
3.
8.
Mar.
31
360
362
357
3..
1..
Nov.
Dec.
1964-Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Aug.
Sept.
6.
28
6.
Apr.
30
2,
7.
May
June
31
30
4p.
31p.
July
31
31
30p.
Sept. 30
ftug.
359
363
358
361
365
365
4,495.2
2,631.7
2,395.4
On conpetitlve basis
On nonconpetitive basis 2/
In
exchange
Amount
maturing on
issue date
of new
offering
Total of
unmatured
issues outstanding after
new issues
October 1964
29
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
On total bids accepted
Issue date
Average price
per hundred
2
July
9
July
16
July
23
July
29
July
30
On competitive bids accepted
Low
Price per hundred
Equivalent rate 2/
(Percent)
3.479
3.528
99.124
98.220 10/
465
99.118
.521
98. 2U
99.117
3.492
3.54A
99.121 11/
98.217 12/
.477
.527
99.128
98.206
3.U8
3.549
99.134
98.216
3.426
3.529
99.115
_98.170
3.502
3.619
99.128
98.182 12/
3.450
3.596
98.933
[99.122
L98.18A
3.505
3.475
3.591
98.941
99.124
98.188
3.478
3.465
3.584
Aug.
6..
99.118
98.186
489
588
99.122 14/
98.192
3.473
3.576
Aug.
13p.
99.113
98.174
3.510
3.611
99.118 ly
98.186 16/
3.489
3.588
Aug.
20p.
99.112
98.163
3.512
3.634
99.115
98.171
3.501
3.618
Aug.
27p.
99.102
98.160
3.513
3.639
99.106 17/
98.166
3.498
3.628
Sept.
3p.
99.112
98.165
3.512
3.629
99.115
98.171
3.501
3.618
Sept.
lOp.
99.112
_98.155
3.514
3.649
99.117
98.162 18/
3.493
3.636
Sept.
99.105
98.133
541
693
99.
17p.
lU
98.140
3.505
3.679
Sept.
24p.
99.105
98.133
542
692
99.108
98.136
529
687
98.001
3.580
98.012 12/
3.561
96.358
96.395
96.364
96.347
96.380
96.262
96.320
96.214
96.312
96.305
96.250
96.329
96.346
96.260
96.174
3.582
3.575
3.586
3.633
3.590
3.707
3.680
3.765
3.719
3.705
3.719
3.691
96.412
96.410
96.380
96.365
96.400
96.275
96.335
96.225
96,334
96.316
96.259
96.336
96.362
96.270
96.189
3.529
3.560
3.570
3.615
3.570
3.694
3.665
3.754
3.697
3.694
3.710
3.684
3.628
3.679
3.759
Tax anticipation bills:
196i-Sept
2
One-year bills:
1963-July
Sept.
Oct.
Nov,
Dec.
196i-Jan.
Feb.
Mar.
Apr.
Ifay
June
July
Aug.
Aug.
Sept.
15.
3.
1.
A.
3.
3.
6.
3.
6..
2..
7..
Ap.
31p.
30p.
Price per hundred
99.121
98.217
_98.208
3/.
(Continued)
High
(Percent)
Regular weekly bills;
1964-July
Equivalefit average
rate 2/
-
3.6U
3.688
3.773
20/
21/
22/
22/
2V
Equivalent rate 2/
30
pctober 1964
Treasury Bulletin
32
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treapury Bills i/-(Contlnued)
(Dollar amounts in millions)
Description of issue
date
Average rate
on bids
accepted 2/
Amount
of bids
tendered
Amount
of bids
accepted
91
182
«2,161
1,576
$1,301
700
2.874
3.075
91
182
1,972
1,203
1,301
700
2.801
2.990
197
Number of
days to
maturity
Maturity
Issue
date
New money
increase, or
decrease {-)
(Percent)
2,
Il%2. -November
\l963- •January
August
fl962. -November
\1Q63- -February
8
9
August
16
fl962. •November
\l963- -February
15
U
91
182
2,078
1,766
1,301
704
2.867
3.060
204
August
23
fl962. -November
\l963- •February
23
21
92
182
2,003
1,651
1,301
700
2.837
2.984
99
fl962. •November
11963- •February
29
28
91
182
2,248
1,259
1,301
700
2.805
2.916
100
('1962. •December
6
11963- •March
7
91
182
2,054
1,332
1,301
700
2.834
2.977
100
101
1962- August
August
September
30
6,
September
13.
September
20,
September
27,
i,
October
11,
October
18,
October
November
25,
1,
8,
November
15,
November
November
December
December
December
December
196 3- January
23,
29,
6
13
20,
27.
X
13
U
91
182
2,377
ll963- •March
1,291
1,301
701
|l962- •December
\l963- •March
20
21
91
182
2,265
1,375
1,301
700
2.796
2.962
101
fl962- •December
27
28
91
182
2,150
1,777
1,300
700
2.749
2.938
100
3
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
Janxiary
17
18
91
182
2,225
i,:3oo
April
1,«6
700
2.749
2.843
93
January
April
24
25
91
182
2,133
1,394
1,301
700
2.742
2.828
102
January
31
2
91
182
2,207
1,573
1,301
701
2.686
2.775
101
101
11963- •March
April
May
May
1,301
702
91
182
2,325
16
l,'i36
1,302
701
2.801
2.846
103
February
May
21
23
90
181
2,409
1,274
1,300
800
2.833
2.892
199
February
28
May
2,042
1,528
1,300
801
2.853
2.936
199
.31
91
183
91
182
2,108
1,663
1,300
801
2.861
2.945
98
14
13
91
182
1,973
1,321
1,301
801
2.807
2.861
101
21
20
91
182
2,092
1,248
1,301
800
2.860
2.900
99
28
27
91
182
2,660
1,322
1,309
802
2.893
2.924
110
April
July
4
5
91
183
2,220
1,340
1,301
801
2.926
2.966
101
11
11
91
132
2,196
1,542
1,301
800
2.920
2.966
100
27
91
182
2,133
1,459
1,301
800
2.919
2,977
92
2,081
1,454
1,300
800
2.922
2.982
98
March
June
March
June
March
June
March
June
March
28.
June
September
April
2,249
1,761
M
10.
April
91
182
February
January
April
7
9
2.841
2.927
May
April
July
April
7
$199
2.789
2.911
February
November
31
fl962- •December
ri963- -January
October
1
26
July
October
5
3
92
182
11
July
October
11
10
91
182
2,292
1,553
1,302
801
2.913
2.978
102
18.
July
October
18
17
91
182
2,352
1,485
1,301
800
2.9X7
3.010
100
25.
July
October
25
24
91
182
2,259
1,670
1,300
801
2.884
2.982
99
4.
Footnotes at end of table.
(Continued on following page)
,
.
)
October 1964
33
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
date
Issue
date
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-
(Percent)
196 3- August
$2,054
31
91
182
1
1,668
1,302
801
2.897
2.989
1 101
t
1963-May
2.
May
9.
August
November
8
7
91
182
2,119
1,715
1,301
802
.905
,993
100
May
16.
August
November
15
91
182
2,397
1,583
1,302
801
.903
.990
98
1964-February
May
20
2,321
1,431
1,202
21
91
182
800
.524
,660
-99
February
27
28
90
181
1,987
1,6U
1,201
302
3.480
3.630
-99
2,258
1,633
1,202
900
3.482
3.598
101
3.476
3.595
97
November
21
November
29
196i-May
21.
October
May
U
August
November
20
91
19
182
August
November
27
27
91
183
2,073
1,709
1,200
900
May
28.
July
16.
October
1965-January
15
14
91
182
2,123
1,409
1,202
902
3.U8
July
23.
196i-0ctober
1965-January
22
21
91
182
2,070
1,333
1,201
900
3.502
3.619
100
July
30.
September lOp
September 17p
September 24p
196/i-October
29
91
1965-January
28
182
2,204
1,889
1,201
902
3.475
1.591
101
i96A-Deceraber
10
11
91
1S2
2,169
1,464
1,302
901
3.514
3.649
101
1965-March
17
18
91
182
2,083
1,474
1,302
900
3.541
3.693
102
196A-December
1965-Maroh
2i
25
91
182
2,200
1,624
1,302
3.542
3.692
101
1965-March
196'i-Deceraber
Information in Table 3 covers bill offerings
See Table 2.
January 2, 1957, through September 30, 1964.
Excludes issues of strips of additional amounts of outstanding regular
weekly bills for cash on June 14, 1961 ($1,802 million), November 15,
1961 ($800 million), November 15, 1962, October 28, 1963, and
Source:
1/
103
3.549
2/
2/
p
QOl
July 29, 1964 ($1,001 million each). See Table 4.
Equivalent average rate on bank discount basis,
Beginning March 12, 1959, the 13-week bills represent additional
issues of bills with an original maturity of 26 weeks,
Preliminary.
34
tlOctober
1964
35
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
36
lOctober
1964
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS
Footnotes to Table 4 - (Continued)
8/
2/
tions for more than $100,000 were allotted not less than $100,000.
In addition, $100 million of the notes was allotted to Government
investment accounts,
Exchange offering available to owners of nonmarketable 2-3/4if Treasury bonds, Investment Series B-1975-80, dated April 1, 1951. For
further information on the original offering see Treasury Bulletin
for April 1951, page A-1 . Ammnts shown are as of September 30, 1964.
Redeemable at the option of the holder on August 1, 1959, on three
months' advance notice.
In addition to the ano\ints issued in exchange, $100 million of each
issue was allotted to Govemnent investment accounts.
12/ Redeemable at the option of the holder on February I5, I960, on
three months' advance notice.
12/ Subscriptions in excess of $100,000 were allotted 22 percent for the
certificates and 28 percent for the notes. Subscriptions for
$100,000 or less for both issues were allotted in f\lll, and subscriptions for more than $100,000 were allotted not less than $100,000.
In addition, $100 million of each issue was allotted to Government
investment accounts.
13/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 10 percent but in no case
In addition, $100 million of the bonds was allotless than $50,000.
Payment of not more than 50
ted to Government investment accounts.
percent could be deferred until not later than October 21, 1957.
1a/ Subscriptions for $10,000 or less were allotted in fiill. Subscriptions for more than $10,000 were allotted 25 percent to savings-type
investors and 12 percent to all other subscribers but in no case
In addition, $100 million of the notes was
less than $10,000.
allotted to Government investment accounts.
15/ Subscriptions for $10,000 or less were allotted in full.
Subscriptions for more than $10,000 were allotted 26 percent to savings-type
investors and 10 percent to all other subscribers but in no case
less than $10,000,
In addition, $100 million of the bonds was
allotted to Government investment accounts,
16/ Subscriptions for $10,000 or less were allotted In full.
Subscriptions for more than $10,000 were eullotted 20 percent but in no case
less than $10,000.
In addition, $100 mlllioo of the bonds was
allotted to Government investment accounts.
17/ Subscriptions for $25,000 or less were allotted in full.
Subscriptions for more thaA $25,000 were allotted 24 percent but in no case
less than $25,000.
In addition, $100 million of the notes was
allotted to Government investment accoimts.
18/ Subscriptions for $5,000 or less were allotted in full,
Subscriptions for more than $5,000 were allotted 60 percent to savings-type
investors, 40 percent to coanercial banks for their own accounts,
and 25 percent to all other subscribers, but in no case less than
In addition, $100 million of the bonds was allotted to
$5,000.
Government investment accounts.
12/ Tax anticipation certificate, acceptable at par plus accrued
interest to maturity in payment of income and profits taxes due on
the quarterly payment date Immediately preceding maturity.
20/ Subscriptions for $100,000 or less were allotted in full.
Subscriptions for more than $100,000 were allotted 59 percent but In no case
less than $100,000.
21/ Subscriptions for $100,000 or leas for the blUa and $50,000 or less
for the notes were allotted iji full.
Subscriptions for more than
the minimum for each issue were allotted 44 percent on bills and 35
percent on notes but in no case less than the minimum.
In addition,
$100 million of the notes was allotted to Govemnent investnsnt
accounts.
22/ Subscriptions for $100,000 or leas were allotted in full.
Subscriptions for more than $100,000 were allotted 47 percent but in no
case less than $100,000.
Z2/ Subscriptions from savings-type investors totaled $720 million and
were allotted 70 percent. Subscriptions from comoercial 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 sccompanied 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
not less than $5,000.
In addition, $50 million of the bonds was
allotted to Government investment accounts. Savings-type investors
were given the privilege of peylng 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 24, 1959;
75 percent by March 23, 1959; and full payment by April 23, 1959).
iV Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100, fXM were allotted 50 percent but in no case
less than $100,000.
In addition, $100 million of the notes was
allotted to Government investment accounts.
Subscriptions
frcm savings-type investors totaled $240 million and
g^
were allotted 65 percent. Subscriptions from coomercial banks for
their own account totaled $941 million and were allotted 35 percent.
Subscriptions frcm all other Investors totaled $322 million ana were
allotted 20 percent. Subscriptions for $25,000 or less from savingstype Investors and coomercial banks, and for $10,000 or less from
all others, were allotted in full. Subscriptions for more than
these minimums were allotted not less than the minlmums.
In addl10/
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 1960, were offered in exchange
the 4-3/4if notes, with certain adjustments as of December 15, 1959,
at a price of 99-3/4^. 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
2&J Issued as a rollover of maturing one-year bills.
22/ 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.
i2/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 30 percent but in no case
In addition, $27.4 million of the notes was
less than $100,000.
allotted to Government investment accounts.
iV Subscriptions for $25,000 or less were allotted in full. Subscriptions 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.
permitted
to be made with payment in cash or in
Subscriptions
were
:&/
I!
4-3/4)6 Treasury notes maturing August 15, 1%0 (see Table 7, footnote 22). In addition, in order that holders of 3-5/85t Federal
J
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, 1960, 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.
2y Combined total includes $80 million allotted on subscriptions from
holders of the Federal National Mortgage Association notes maturing
August 23, 1960 (see footnote 32).
iV Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1960.
2^ 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. SubJ
scriptions 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.
i6/ Subscriptions totaled $1,181 million from savings-iype Investors and
$100 million from Qovemment Investment accounts; both were allotted
J
25 percent. Subscriptions from commercial banks for their own accountstotaled $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;
subscrlptlona
for more than $5,000 were allotted not less than $5,000.
In
addition
to
the
12/
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 3-1/2* bonds
of 1990
and $236.5 million of the 3-1/2* bonds of
1998.
ig/ Holders of approximately $750 million of Series F and G savings bonds
Issued in 1949, which mature in 1960, were offered
in exchange the
\'^' "**'' '=®^=^ adjustments as of December 15, 1960, at a price
r
of
100^. analler 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
$365,375
i2/
"^""^ permitted to be made with payment in cash
or In
f"^/SJ^r^°°^
Treasury certificates maturing February
4-7/8*
15, 1961 (see Table 7,
footnote 17).
iQ/ Consists of allotments on subscriptions from holders of certificates
of Indebtedness maturing February 15
1961.
Subscriptions from States, polltioal'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. Subscriptions subject to allotment totaled $1A,619 million:
those
up to and including $10,000 were allotted in full; all others
were
allotted 20 percent but in no case less than
$10,000.
In
addition
to
the
i&/
amounts allotted to the public, there was allotted
to the Federal Reserve flanks and Government
Investment accounts
Footnotes continued on following page.
.;
|
jl
li
i
'|
i
'
'
.
October 1964
39
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
139 million of the 3-3/8i? bonds of 1966, and $540 million of the
3- 5/858 bonds of 1967.
i2/ Subscriptions were permitted to be made with payment in cash or in
the lt-3/U% Treasury certificates or 'i-'i/^ Treasury notes, both
maturing May 15, 1961 (see Table 7, footnote 20).
Consists of allotments on subscriptions from holders of certificates
of indebtedness and Treasury notes maturing May 15, 1961.
There were allotted in full all subscriptions totaling about 42,379
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 accoijnts, 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
$100 million for cash of eighteen series of weekly Treasury bills
maturing from August 3, 1961, to November 30, 1%1.
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 3-1/256 bonds of 1980, $160.6 million of the
3-l/2!f bonds of 1990,and $289.5 million of the 3-1/256 bonds of 1998.
iS/ 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.
Includes $2 million allotted to Government investment accoxjnts of the
3-l/4)f notes, $4 million of the 3-3/4)6 bonds of 1%6, and $136 million
of the 3-3/456 bonds of 1974.
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.
Holders of approximately $970 million of Series F and G savings bonds
Issued in 1950, which mature in 1%2, were offered in exchange the
3-7/8>6 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.
2/ Subscriptions for $50,000 or less were allotted in fxUl. 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.
Includes $3,411 million allotted to Federal Reserve Banks and Government investment accounts of the 3-l/2y6 certificates and $1,518
million of the 4)6 notes.
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $385 million of the 4)6 bonds of
1971, $177 million of the 4)6 bonds of 1980, $218 million of the 3-1/2)6
bonds of 1990, and $221 million of the 3-1/256 bonds of 1998.
Issued for cash and in exchange for tax anticipation bills maturing
March 23, 1962 (see Table 7, footnote 22).
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.
Includes $2,166 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4)6 certificates, $14 million of
the 3-5/8)6 notes, and $64 million of the 3-7/8)6 bonds.
iS/ Subscriptions were permitted to be made with payment in cash or in
the tS notes or 'i-\/lS notes, both maturing August 15, 1962 (See
Table 7, footnote 23).
52/ Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1962,
60/ 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 $4,760 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.
61/ 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.
to/ All subscriptions for the 4-1/4)6 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 \S3 August 15, 1962, the
issue date; 60 percent by September 15, 1962; and full payment by
October 15, 1962).
62/ In addition to the amounts allotted to the public, there was allotted
to Government Investment accounts $21 million of the 3-3/4% notes
and $320 million of the iS bonds.
64/ Includes $3,796 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/8J certificates, $1 million of
-
65/
66/
67/
6^
62/
70/
71/
72/
22/
74/
75/
76/
TlJ
78/
22/
JContlnued)
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
of
the 3-7/8)6 bonds or the 4^ bonds with certain adjustments as
December 15, 1962, at a price of 99.50. Smaller denominations of
savings bonds could be exchanged for the next higher multiple of
Cash payments
$500 of the bonds upon payment of any cash difference.
amounted to $93,000 for the 3-7/8)6 bonds and $101,825 for the !S bonds.
bidding
competitive
The bonds were sold to a syndicate on the basis of
The winning bid was $99.85111 per $100
for reoffering to the public.
to the
of face amount for a 4% coupon, resulting in a net basis cost
Treasury of 4.008210%, calculated to maturity.
Includes $3,921 million allotted to Federal Reserve Banks and Government investment accotints of the 3-1/4$ 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 3-7/8)6 bonds of 1971, $151.9 million of the 3-7/8$
bonds of 1974, and $123.9 million of the 4$ bonds of 1980.
The bonds were sold to a syndicate on the basis of competitive bidding
The winning bid was $100.55119 per $100
for reoffering to the public.
of face amount for a 4-1/8$ coupon, resulting in a net basis cost to
calculated
to maturity.
the Treasury of 4.093145$,
Includes $3,327 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4$ certificates, and $85 million
of the 3-5/8$ 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 $23 million of the 3-7/8$ bonds of 1968, and $171 million of the 4$ bonds of
1973.
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 $100
million for cash of ten series of weekly Treasury bills maturing from
February 6, 1964, to April 9, 1964.
Subscriptions were permitted to be made with payment in cash or in
3-1/8$ certificates or 4-7/8$ notes, both maturing November 15, 1963
(See Table 7, footnote 28).
Consists of allotments on subscriptions from holders of Treasury cer-
tificates of indebtedness and Treasury notes maturing November 15,
1963.
80/
81/
82/
SJ/
84/
8^
86/
87/
88/
M/
90/
21/
n
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 $4,307 million and were allotted in full. Subscriptions subthose up to and including
ject to allotment totaled $15,762 million:
$100,000 were allotted in full; all others were allotted 21 percent but
in no case less than $100,000.
Issued to replace the one-year bills maturing January 15, 1964.
In addition to amounts allotted to the public, $189 million was
allotted to Government investment accounts.
Subscriptions for $50,000 or less were allotted in full. Subscriptions
for more than $50,000 were allotted 83-1/2 percent but in no case
less than $50,000. In addition, $125 million of the bonds was allotted
to Government investment accounts.
Includes $4,014 million allotted to Federal Reserve Banks and Government investment accounts of the 3-7/8$ notes.
Subscriptions for $50,000 or less were allotted in full. Subscriptions
for more than $50,000 were allotted 9 percent but in no case less than
$50,000.
Includes $6,383 million allotted to Federal Reserve Banks and Government investment accounts of the 4$ notes and $29 million of the 4-1/4$
bonds
there was allotted
In addition to the amounts allotted to the public
bonds of
to Government investment accounts $22 million of the 4-1/4$
of
1973.
1987-92, and $4 million of the 4-1/8$ bonds
$100
Sale of a "strip" of Treasury bills, consisting of an additional
maturing from
million for cash of ten series of weekly Treasury bills
October 15, 1964, to December 17, 1964.
Subscriptions were permitted to be made with payment in cash or In 5$
notes or 3-3/4$ notes, both maturing August 15, 1964 (See Table 7,
,
footnote 32).
Consists of allotments on subscriptions from holders of Treasuiy notes
maturing August 15, 1964.
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 circulars,
totaled $1,950 million and were allotted in full. Subscriptions
subject to allotment totaled $12,903 million: those up to and including
$100,000 were allotted in full; all others were allotted 15 percent
but in no case less than $100,000.
Not available.
n.a.
Prelimlnarv.
Treasury Bulletin
40
PUBLIC DEBT OPERATIONS
Table 5.- Securities Issued In Advance Refunding Operations
Date issued
October
l%4
41
PUBLIC DEBT OPERATIONS
Table 5.- Securities Issued in Advance Refunding Operations -(Continued)
Treasury Bulletin\
42
PUBLIC DEBT OPERATIONS
Table 5.- Securities Issued In Advance Refunding Operations
-
(Continued)
October 1964
44
October 1964
45
PUBLIC DEBT OPERATIONS
Table 6.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills i/- (Continued)
(In millions of dollars)
Issue
Treasury Bulletin
46
PUBLIC DEBT OPERATIONS
Table 6.- Allotments by Investor Claeees on Subscriptions for Public Marketable Securl ties
Other Than Regular Weekly Treasury Bills i/- (Continued)
(
Issue
In millions of dollars)
October 1964
47
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
Date of
refunding
or retirement
48
October 1964
50
October 1964
51
PUBLIC DEBT OPERATIONS.
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
52
Uctober
Treasury Bulletin
54
PUBLIC DEBT OPERATIONS
FootnoteF to Table 7
Holders of 2-1/2^ Treasury bonds maturing November 15, iVbi-, were
•tffered the option tn exchange the bonds during the period from
June 8, i960, to June 13, I960, inclusive, subject to allotment if
subscriptions exceeded by 10 percent the offering limits of $3-5
billion for the notes and $1.5 billion for the bonds.
ly Holders of the maturing notes were not offered preen^tive rights to
exchange their holdings, but were permitted to present them in payment '^r exchange, in wh^le or in part, for the 3-l/S^ certificates or
the 3-7/8S6 bonds, which were offered in an aggregate of around
$8-3/4 billion. For detail of offering, see Table U.
Excess of maturing 4.-3/i% Treasury notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footn-^tes 32 and 3L)
Reopening of an earlier issue.
1^
16/ Holders of 2-1/2$ Treasury bonds maturing June 15, 1967, December 15,
I96S, June 15, 1969, and December 15, 1969, were offered the option
to exchange the bonds during the period from September 12, I96O to
September 20, I960, inclusive, the first for 3-1/256 bonds of 1980,
the second for 3-1/25K bonds of 1990, and the other two for 3-1/2
bonds of 1998, subject to allotment if the combined total of subscriptions for the bonds of 1990 and 1998 exceeded an outside limit
of ti..5 billion.
12/ Holders of the matiiring certificates 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 3-l/i%
notes offered in the amount of around $6.9 billion. For detail of
offering, see Table /^.
1§/ Excess of maturing 4-7/8$ certificates over allotments of new
securities on subscriptions from holders of those certificates
(see Table 4, footnotes 39 and 40).
12/ From March 20 through March 22, 1961, owners of 2-1/4$ bonds of June
15, 1959-62, 2-1/4$ bonds of December 15, 1959-62, 2-5/8$ notes
maturing February 15, 1963, and 2-1/2$ bonds maturing August 15, 1963,
were granted the option of exchanging their holdings. The first
three were exchangeable for a new 3-5/8$ 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 1966.
20/ Holders of the maturing certificates and notes were not offered
preenqative 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.
21/ Excess of maturing 4-3/8$ certificates and 3-5/8$ notes over
allotments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 43 and 44).
22/ $1,569 million were redeemed for cash and $168 million were exchanged for the tax anticipation bills dated March 23, 1962 (see
Table 4).
23/ 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 $6,500 million
offering of 3-1/2$ certificates, the $1,500 million offering of
4$ bonds, or the $750 million offering of 4-1/4$ bonds. For detail
of offering, see Table 4.
2V Excess of maturing 4$ notes and 3-1/4$ 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$ notes), and May 15, 1963 (3-1/4$ certificates, 3-1/4$ notes,
4$ notes) were granted the option of exchanging their holdings,
mibject to allotment if subscriptions exceeded the offering limits
of $6 billion for the notes and $3 billion for the bonds.
2^ Called on August 14, 1962, for redemption on December 15, 1962.
27/ Holders of the maturing one-year bills were offered the option to
12/
w
-
(Continued)
exchange the bills for the tax anticipation bills dated October 15,
1963 (see Table 4, footnote 76),
Holders of the maturing certificates and notes were not offered
preeiqjtive rights to exchange their holdings, but were permitted to
present them in payment or exchange, in whole or in part, for the
$7,600 million offering of 3-7/8$ notes. For detail of offering, see
Table 4.
2^/ Excess of maturing 3-1/8$ certificates and 4-7/8$ notes over allotments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 78 and 79).
30/ Pax anticipation bills issued to replace the maturing one-year bills
(see Table 4, footnote 81).
31/ From January 13 through January 17, 1964, owners of securities
maturing August 15, 1964 (3-3/4$ notes and 5$ notes), November 15,
1964 (3-3/4$ notes and 4-7/8$ notes), February 15, 1965 (2-5/8$ bonds),
and May 15, 1965 (4-5/8$ notes) were granted the option of exchanging
their holdings subject to allotment if subscriptions exceeded the offering limits of $4 billion for the 4$ bonds and $750 million for the
4-1/4$ bonds. Subscriptions to the 4-1/4$ bonds exceeded the limitation.
For allotment details see Table 4, footnote 83,
32/ Holders of the maturing notes were not offered preen^jtive rights to exchange their holdings, but were permitted to present them in payment
or exchange, in whole or in part, for the 3-7/8$ notes offered in the
amount of about $4.0 billion. For detail of offering, see Table 4.
22/ Excess of maturing 5$ notes and 3-3/4$ notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4
footnotes 90 and 91)
28/
p
Note:
Preliminary,
Information on retirement of tax anticipation issues referred to
in footnote 4, in millions of dollars:
pctober 1964
55
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Payable In U. S. Dollars)
Month of
Treasury Bulletin
56
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (Nonmarke table)
Institutions of Foreign Countries - (Continued)
Issued to Official
(Payable in U. S. Dollars)
October 1964
57
PUBLIC DEBT OPERATIONS.
Table 8.- Foreign Series Securities (Nonmarke table)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U.
S.
Dollars)
Treasury Bulletin
58
PUBLIC DEBT OPERATIONS,
Table 8.- Foreign Series Securitlep (Nonmarketablel
Issued to Official Instltutionp of Foreign Countries - (Continued)
(Peyable in U. S. Dollars)
Month of
activity
Security
Issue
date
Maturity
date
rate
October
Treasury Bulletin
60
PUBLIC DEBT OPERATIONS
..,
Table Q.- Foreign Currency Seriep Securltlep (Nonmarketable)
IPFued to Official Inptitutlonp of Foreign Countriep - (Continued)
Amount
(Dollar equivalent)
Month of
activity
Payable
Security
in
—
Issue
date
Maturity
date
Interest
rate
Issued
Retired
Total outstanding
end of month
(In millions of dollars)
3/29/63
6/28/63
9/30/63
3/29/65
6/28/65
9/30/65
3.27
3.30
3.69
Vl/6-l
i/1/64
4/l/6i
10/1/65
11/1/65
12/1/65
1/1/66
4/24/64
7/26/65
4.04
4.05
4.06
4.07
3.13
50
50
50
50
3.93
50
5/25/6i
5/25/64
9/27/65
8/25/65
2.82
3.84
3.37
30
70
4/1/63
7/1/64
7/1/64
10/1/65
2.82
3.81
22
7/1/64
7/1/64
7/1/64
l/2i/63
3.83
3.84
3.85
3.18
3.77
50
50
50
7/ZAM
2/1/66
3/1/66
4/1/66
7/2i/64
5/2/66
Swiss francs
8/4/64
9/7/65
3.67
52
Swiss francs
4/4/63
9/4/64
9/4/64
2/4/66
2.83
3.87
23
Italian lire
1964-April.
Bonds
German marks
May
.
. ,
Bonds
Swiss francs
Swiss francs
July.
German marks
Aug.
Bonds
Sept..
[
Source:
Daily Treasury statement.
A/l/U
1/2V63
V2i/6i
imi
25
75
50
762
50
30
832
22
983
50
50
1,035
23
Information in this table covers transactions from inception through September 30, 1964.
1,035
;
.
,
.
,
.
October 1964
61
.UNITED STATES SAVINGS BONDS.
Series E and H are the only savings bonds currently
Series E has been on sale since May 1, ig**-!,
being sold.
and Series H has been on sale since June 1, 1952. Series
A-D were sold from March 1, I935, through April 30, 191*1.
Series F and G were sold from May 1, 19'+li 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 195I, May I952, May 1957, October and December 1959,
and May and October I96I.
Table 1.- Sales and Redemptions by Series, Cumulative through September 30, 1964
(in millions of dollars)
Amount outstanding
Se^'ies
Sales 1/
A-D 2/
E and H
F and G
J and K
Series
Series
Series
Series
Total A-K
Source:
Accrued
discount
Sales plus
accrued
discount
1/
3,949
121,728
28,396
3,556
20,771
1,125
162
5,003
142,499
29,521
3,718
4,992
94,480
29,408
2,235
157,628
23,113
180,741
131,115
1,05/;
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary,
Interestbearing debt
Matured
noninterestbearing debt
11
48,019
113
1,483
49,502
124
Footnotes at end of Table 4.
Table 2.- Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
Amount outstanding
Redemptions 1/
Sales 1/
Fiscal years
1935-1956.
1957
1958
1959
I960
Accrued
discount
Sales plus
accrued
discoxint
Total
^
Accrued
discount 2/
Interestbearing debt
57,497
54,622
Matured
noninterestbearing debt
:
1961
1962
1963
1964
Calendar years
1935-1956
1957
1958
120,095
4,881
4,670
4,506
4,307
4,464
4,421
4,518
4,656
12,289
1,216
1,226
1,228
1,240
1,286
1,358
1,408
1,476
132,384
6,097
5,896
5,734
5,547
5,749
5,780
5,926
6,132
74,527
8,958
8,544
7,249
8,557
5,819
5,716
5,273
5,164
69,191
8,055
7,671
6,377
7,542
5,038
4,934
4,482
4,383
5,336
903
873
872
1,015
122,565
4,605
4,689
4,320
4,350
4,539
4,278
4,760
12,897
1,216
1,235
135,462
1,221
5,541
72,713
8,674
6,450
7,763
5,730
956
805
1,009
1,262
1,322
1,397
1,423
5,612
78,444
9,630
7,255
8,772
6,732
5,595
5,602
471
143
116
781
782
791
781
51
,984
50,503
47, 5U
47,514
47,607
48,314
49,299
:
1959
I960
1961
1962
1963
Months
1964-January,
February
March. . ,
413
400
122
5,821
5,924
280
240
211
157
139
56,293
52,474
51,192
48,154
47,159
47,458
47,535
43,827
725
734
686
494
368
335
183
165
155
881
5,021
754
310
762
615
529
522
534
427
476
442
359
405
92
68
71
48,925
49,046
49,101
385
353
335
67
60
69
49,142
49,224
49,299
153
147
139
397
69
351
59
366
66
49,371
49,444
49,502
133
129
124
5,675
6,183
117
117
138
495
485
451
521
454
July
387
364
358
145
114
127
532
466
410
431
.
331
5,851
378
368
384
August.
Sg)tenber,
360
374
364
4,842
4,792
4,259
5,861
April
May
June
Source:
Sales
price
478
484
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
413
Footnotes at end of Table 4.
331
201
62
.
.
., .,
,
October 1964
63
.UNITED STATES SAVINGS BONDS
Table 3.- Sales and Redemptions by Periods, Series E through K
-
fContlnued)
(In millions of dollars)
Redemptions 1/
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price j/
Accrued
discount 3/
Exchanges of
E bonds for
H bonds
Amount
outstanding
interestbearing debt)
(
Series E
Fiscal years
I
:
19a- 1956....
1957
1958
1959
I960
1961
1962
1963
196i
Calendar years:
19a-1956.
1957
1958
1959
1960
1961
1962
1963
31,238
3,919
3,889
3,688
3,603
3,689
3,674
3,914
4,136
10,298
1,133
1,161
1,174
1,194
1,254
1,331
1,386
1,458
91,536
5,052
83,176
3,875
3,802
3,598
3,632
3,711
3,624
4,185
10,863
1,143
1,178
1,169
1,224
1,293
1,372
1,404
94,038
5,018
4,979
4,767
4,856
405
369
356
142
115
121
484
477
338
334
345
115
116
136
482
345
144
113
5,049
4,862
4,797
4,943
5,005
5,300
5,594
5,003
4,996
5,589
53,638
4,981
4,951
4,889
5,181
4,394
4,343
4,203
4,363
49,844
4,248
4,196
4,092
4,295
3,673
3,613
3,461
3,609
3,794
732
755
797
886
721
731
742
754
55,951
5,220
4,658
5,225
4,729
4,249
4,349
4,229
51,829
4,437
3,931
4,342
3,935
3,546
3,595
3,495
4,122
783
727
883
794
703
754
733
461
366
398
371
300
330
66
68
387
335
386
323
277
319
64
58
67
387
320
67
346
359
289
295
58
219
191
206
37,898
37,969
33,067
38,040
37,456
37,317
33,260
39,166
40,190
278
212
199
208
33,087
37,335
38,206
37,743
37,597
38,140
38,587
39,740
201
188
Months:
196^-January.
February.
March. . .
April
May...
June.
July
August. ,
September,
.
329
321
125
547
453
450
488
442
447
89
64
24
18
19
16
14
18
40,011
40,112
40,190
19
16
14
40,272
40,352
40,425
Series H
Fiscal years
:
1952-1956
1957
1958
3,225
694
782
818
704
775
1959
I960
1961
1962
1963
1964
Calendar years ;
747
604
1952-1956
1957
1958
1959
1960
1961
1962
1963
Months;
1964- January. .
February.
March. . ,
.
April .
May
June
. . .
,
,
July
August. .
September.
.
3,225
694
782
818
704
775
747
604
194
196
236
217
322
233
260
298
521
521
373
3,587
631
887
722
718
828
654
3,587
277
248
575
194
196
236
217
322
233
260
298
373
575
235
287
328
277
248
193
294
267
235
287
328
66
44
AA
66
44
44
28
27
40
28
27
40
40
34
38
40
34
38
34
33
34
34
33
34
42
42
35
36
35
37
36
37
36
36
43
43
631
887
722
718
828
654
198
294
267
39,801
39,902
39,961
-
Treasury Bulletin
64
.UNITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Unmatured
Matured
Unclassified
Period
Fiscal years
1951
1952
1953
195i
1955
1956
1957
1958
1959
1960
1961
1962
Total 1/
Total
Series E
Total
and H
:
1964
Calendar years:
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
Months
1964 -January.
February,
March. .
.
April.
May
June
7,249
8,557
5,819
5,716
5,273
5,164
702
1,128
1,487
1,826
1,917
1,971
1,906
1,996
2,304
1,733
1,668
1,593
1,754
5,651
5,074
6,149
6,985
7,301
8,264
9,630
7,255
8,772
6,732
5,595
5,602
5,021
772
1,015
2,318
3,171
4,230
4,246
4,156
3,393
4,701
3,033
2,555
2,387
2,043
254
968
1,328
1,500
2,047
1,891
2,084
1,691
2,433
1,944
1,633
1,656
1,617
534
427
476
150
100
253
133
63
227
451
413
454
203
210
230
188
191
466
410
431
175
181
168
155
148
3,5U
19C>3
. .
July
August
September
.
.
38
817
792
1,761
2,747
3,941
4,263
4,115
3,730
3,621
4,126
2,673
2,593
2,250
2,057
6,137
5,109
5,621
6,515
7,251
7,846
8,958
177
157
779
Series E
and H
w
}
.
.
October 1964
65
OWNERSHIP OF FEDERAX SECURITIES,
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
Interest-bearing securities issued
by the U.S. Government
End of
fiscal
year or
month
Total
Federal
securities outstanding
Held by U, S, Government
investment accounts 2/
Total
outstanding
Public
issues
Special
issues
46,827
46,246
44,756
268,486
274,698
281,833
283,241
55,501
55,842
54,554
55,259
8,674
9,596
9,799
10,360
285,672
294,442
1963
1964
289,211
298,645
306,466
312,526
307,357
56,002
56,296
58,206
60,964
10,959
11,357
13,405
14,337
1963-Dec ember,
310,089
305,213
57,796
1964 -January.
309,339
311,150
310,408
304,499
306,132
305,405
56,361
June
308,402
312,337
312,526
July
August. ..
September
312,004
314,938
316,496
1957
1953
1959
I960
270,634
1961
1962
276,
4U
284,817
286,471
February
March., ,
April
May
Banks public
issues
Total
Public
marketable
issues
Held by
Public
nonmarketable
201 ,044
201 ,459
127,179
134,593
144,983
149,546
62,770
58,825
56,252
51,913
27,253
29,663
32,027
34,794
202,417
208,483
211,721
211,598
151,392
157,418
160,361
159,575
51,025
51,065
51,360
52,023
43,658
33,593
213,825
162,089
41,917
42,883
215,384
215,695
214,185
163,631
163,893
43,221
32,753
33,169
33,770
13,930
14,162
14,337
42,004
45,034
46,627
33,169
34,229
34,794
214,282
213,788
211,598
162,476
161,836
159,575
51
14,018
45,737
47,441
47,367
35,051
212,049
212,819
214,109
159,924
160,
U,899
45,043
44,939
44,801
46,627
14,137
57,269
57,450
14,444
14,385
14,229
303,385
307,214
307,357
55,934
59,197
60,964
306,855
309,625
311,122
59,755
61,643
61,663
14,201
14,296
35,164
35,350
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.
Includes certain debt not subject to statutory limitation. For amounts
subject to limitation, see page 1,
Includes accoimts under the control of certain U. S. Government agencies
whose investments are handled outside the Treasury.
189,949
193,418
Source:
3/
1/
ij
2/
^
Held by private
investors 2/
Held by
Federal
Reserve
23,035
25,438
26,044
26,523
301 ,954
Interest-bearing securities guaranteed by the U.S. Government
162,449
5U
161,550
Total
outstanding
U. S.
Government
investment
accounts
2/
Held by
private
investors
Matured
debt
and
debt
bearing
no
interest
1/
106
50
101
110
139
54
63
79
46
47
60
2,042
1,646
2,873
3,090
240
444
605
312
87
167
165
159
153
277
440
653
3,300
3,759
3,907
4,357
51,735
741
184
557
4,134
51 ,753
755
787
817
189
192
192
566
595
625
4,085
4,231
4,186
,806
51,952
52,023
801
171
804
812
157
159
630
647
653
4,216
4,319
4,357
52,125
52,274
52,558
820
I64
656
847
835
161
687
713
4,330
4,465
4,483
51,801
51 ,736
172
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
Consists of guaranteed securities held outside the
public marketable issues.
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts and Other Accounts Handled by the Treasury 1/
(In millions of dollars; negative figures are net sales)
66
Treasury BuUetiB
.OWNERSHIP OF FEDERAL SECURITIES.
Table 3,- Estlmeted Ownership of Federal Securities
(Par values 1/ in billions of dollars)
Held by private nonbank investors
Held by banks
End of
month
Total
Federal
securities
outstanding 2/
U. S.
Commercial
banks
Federal
Reserve
Banks
Government investment
accounts
2/
Individuals 4/
Savings bonds
Total
Series
E and H
1939-Dec..
47.6
15.9
2.5
6.5
22.7
19iO-June.
48.5
Dec.
50.9
16.1
17.3
2.5
2.2
7.1
7.6
22.8
23.9
10.1
10.6
1941- June.
55.3
64.3
19.7
21.4
2.2
2.3
8.5
9.5
25.0
31.0
11.2
13.6
77.0
112.5
26.0
41.1
2.6
6.2
10.6
12.2
37.7
53.0
Dec.,
140.8
170.1
52.2
59.9
7.2
11.5
14.3
16.9
1944- June..
Deo...
202.6
232.1
68.4
77.7
14.9
18.8
1945-June..
259.1
278.7
84.2
90.8
279.8
269.9
259.5
Dec.
1942- June.
Dec.
1943- June.
Dec
.
1946-Feb. %/
June.
Dec
.
1947- June.
Dec.
1948- June.
Dec.
1949- June.
Dec.
1950-June.,
Dec.
1951-June.,
Dec.
1952-June.,
Dec.,
19 5 3- June.,
Dec.,
1954- June.,
Dec,
1955-June.,
Dec.,
19 56- June.,
Dec.,
1957-June.,
Dec,
1958-June.,
Dec,
1959- June.
Dec
1960- June.
Dec
.
1961- June.
Dec
1962- June..
Dec.
1963-June.
July..
Aug...
Sept.
Oct...
Nov.
Dec.
.
.
1964- Jan...
Feb...
Mar...
Apr. .
May...
June .
July..
Aug. P
Other
Series
^
Other Insurance
secu- companies
rities
Mutual
savings
banks
State
and
local
tions 6/
governments
Corpora'
Foreign
and international
2/
1.9
8.2
6.3
3.1
2.2
2.6
2.8
7.5
7.8
6.5
6.9
3.1
3.2
2.1
2.0
.4
.5
.2
.2
3.4
4.2
7.6
8.2
7.1
8.2
3.4
3.7
2.0
4.0
.6
.7
.2
1.1
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
.9
.4
1.0
.8
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
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
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
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,
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
258.4
257.0
70.0
68.7
21.9
133.7
131.3
66.6
65.7
30.8
31.0
14.
22.6
32.8
34.4
15.
21.1
19.4
24.6
23.9
12.1
12.0
13.7
14.1
7.1
7.3
3.4
2.7
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
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
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
8.8
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
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
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
8.8
16.6
19.2
13.9
14.4
6.0
6.3
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.
40.
10.9
10.2
14.8
15.0
14.6
8.7
8.5
18.8
23.5
U.7
U.5
15.4
6.8
7.5
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
270.6
275.6
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
6.6
16.5
15.8
12.7
12.5
7.9
7.6
16.8
18.6
16.8
16.6
7.6
7.6
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.
42.
5.9
5.2
15.7
15.3
12.2
12.7
7.4
7.3
14.8
18.3
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.
42.
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
284.8
290.9
.2
13.
13.
3.5
.2
.4
286.5
290.4
55.3
62.1
26.5
27.4
55.3
55.1
149.3
145.8
68.0
64.7
42.
42.
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
289.2
296.5
62.5
67.2
27.3
28.9
56.1
54.5
143.3
145.9
63.1
43.
44.
2.5
2.2
17.1
64.7
18.2
11.4
11.4
6.3
6.1
20.0
20.0
19.3
18.7
12.7
13.4
298.6
304.0
65.2
67.2
29.7
30.8
56.5
55.6
147.3
150.4
18.0
18,2
11.3
11.5
6.3
6.1
19.7
20.2
32.0
32.5
32.4
32.6
32.8
33.7
33.6
58.4
57.1
58.9
58.3
57.2
57.7
58.0
151.7
152.7
154.2
153.5
154.1
154.8
154.4
1.5
1.5
1.5
1.4
1.4
1.4
1.4
17.9
18.3
18.3
18.7
18.8
18.9
18.9
10.8
10.9
10.9
11.0
11.0
11.0
11.0
6.1
6.1
20.
20.
21.
19.
20.
19.7
19.5
20.7
20.9
21.2
20.9
20.7
20.3
20.8
14.1
15.3
64.4
63.3
61.7
63.0
63.1
62.7
64.1
44.6
45.1
46.0
46.1
46.2
46.3
46.4
46.6
46.7
2.0
1.8
306.5
305.5
307.2
307.3
307.1
308.9
310.1
64.6
65.1
65.4
65.9
66.0
66.4
65.6
66.9
66.9
15.8
15.6
15.9
16.0
15.9
16.0
15.9
309.3
311.1
310.4
308.4
312.3
312.5
312.0
314.9
62.6
61.9
61.2
60.6
59.5
32.8
33.2
33.8
33.2
34.2
34.8
35.1
35.2
56.5
57.5
57.6
56.1
59.4
61.1
59.9
157.4
158.6
157.8
158.5
159.2
156.9
158.3
158.5
67.5
68.0
68.4
67. 7r
68. Ir
68. 2r
68.5
68.1
46.8
46.9
47.0
47.1
47.2
47.3
47.4
47.5
1.3
1.3
1.3
1.2
19.4
19.7
11.1
11.0
10.9
10.8
10.8
21.0
21.4
21.9
22.6
22.7
22.6
22.3
22.6
15.9
15.9
15.6
15.3
15.4
15.6
15.8
15.8
59.7
58.
59.4
61.8
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 reden^tion value.
2/ Securities issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treasury.
2/ Consists of commercial 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
1.2
1.2
1.2
1.1
4/
^
A/
7/
8/
2/
20.1
19. 4r
19. 7r
19. 7r
19.9
19.4
10.6
10.7
10.8
1
8
8
8
5.9
6.0
6.1
6.0
6.0
6.0
6.0
6.0
21.5
20.6
21.8
22.7
21.4
21. 8r
22. 5r
20. 2r
20.7
20.9
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.
Preliminary,
Revised,
p
r
i
October 1964
67
TREASURY SURVEY OF CWNERSHIP, AUGUST 31, 1964.
The monthly TreaBury Survey of Ownership covers secu-
corporations and savings and loan associations In the Sep-
rities Issued by the United States Government and by Fed-
tember i960 Bulletin, an& for State and local governments
eral agencies.
m
The banks and Insurance companies Included
In the February 1962 Bulletin.
the Survey currently account for about SO percent of all
Holdings by commercial banks distributed according to
The similar
such securities held by these Institutions.
Federal Reserve member bank classes and nonmember banks are
proportion for corporations and for savings and loan asso-
published for June JO and December 31. Holdings by corporate pension trust funds are published quarterly, first
ciations Is 50 percent, and for State and local governments,
TO percent.
Data were first published for banks and In-
appearing In the March
195'f-
Bulletin.
surance companies In the May 19'+1 Treasury Bulletin, for
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstanding 1/
Classification
Insurance companies
6,026
commercial
banks
2/y
Interest-bearing securities;
Public marketable
Public nonmarketable 6/
Special issues
Total interest-bearing
securities
Matured debt and debt bearing
no interest 8/
Total securities issued or guaranteed by U. S. Government 2/*
mutual
savings
banks
2/
State and local
governments /^
-i88
502
-^37
297
life
fire,
casualty,
and
savings A69
and l">an corpoassocia- rations
tions
191
pension
316
general and refunds
tirement
funds
S. Government investment accounts
and Federal
Reserve Banks
U.
208,539
54,492
47,441
50,760
261 7/
5,904
117
i,864
363
4,330
73
3,408
74
10,442
6
10,227
121
5,954
209
47,308
2,217
47,441
310,472
51, r.::!
6,021
5,227
4,403
3,482
10,449
10,348
6,163
96,967
4,465
314,938
Footnotes at end of Table 4.
Table 2.- Summary of Interest-Bearing Public Marketable Securities
{Par values - in millions of dollars)
Treasury Bulletin
68
TREASURY SURVEY OF OWNERSHIP, AUGUST 31, 196^
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values - millions of dollars)
Held by investors covered in Treasury Survey
Issue
Treasury bills:
Regular weekly and annual
maturing:
Sept. 1964. - Nov. 196i...
Deo.
1964 - Feb. 1965...
Mar.
1965
Apr.
1965
May
1965
June 1965
July 1965
Aug.
1965
Total Treasury bills
Treasury notes:
4-7/8% Nov.
1964-C
3-3/4
Nov.
1964-F
4-5/8
May
1965-A
3-7/8
May
1965- C
3-7/8
Aug.
1965-D
Nov.
1965-E
4
3-1/2
Nov.
1965-B
3-5/8
Feb.
1966-B
3-7/8
Feb.
1966-C
4
Aug.
1966-A
3-5/8
Feb.
1967-B
3-3/4
Aug.
1967-A
1-1/2
Oct.
1964-EO
1-1/2
Apr.
1965-EA
1-1/2
Oct.
1965-EO
1-1/2
Apr.
1966-EA
1-1/2
Oct.
1966-EO
1-1/2
Apr.
1967-EA
1-1/2
Oct.
1967-EO
1-1/2
Apr.
1968-EA
1-1/2
Oct.
1968-EO
1-1/2
Apr.
1969-EA
Total
amount
outstanding
Insurance companies
6,026
commer-
502
banks
mutual
savings
banks
2/1/
2/
cial
31,021
15,018
1,001
1,001
1,000
1,001
1,000
1,000
3,489
2,286
163
223
243
254
546
303
350
70
6
19
9
120
38
14
18
52,045
7,507
486
3,267
5,442
1,816
6,620
7,268
8,560
2,954
372
540
482
1,309
1,561
53
3,261
4,040
5,156
2,359
4,433
490
466
315
675
357
270
457
212
115
968
1,506
1,423
1,119
2,031
1,116
2,520
72
198
152
i87 fire,
casualty,
and
197
61
4
122
1
5
1
2
6
6
13
6
12
1
3
«
52
12
1
«
4
174
5
117
39
25
28
24
109
29
133
312
82
245
127
336
6
26
18
27
10
22
24
18
118
72
317
231
143
244
88
49
2
3
37
33
23
62
51
13
11
11
16
9
20
8
7
5
22
16,442
615
1,441
1,813
2,627
2,539
3,976
2,414
1,403
2,249
1,024
1,851
1,296
1,952
3,604
2,732
2,460
3,747
1,591
1,844
6,266
4,129
2,806
2,760
2,344
2,579
3,894
4,358
1,532
2,244
1,218
1,586
678
659
827
810
1,600
454
38
85
201
174
115
40
66
70
11
7
113
62
119
112
984
656
787
20
11
7
1
24
177
970
1,161
292
707
1,930
759
765
2,382
1,560
941
1,035
55
50
53
4
43
17
18
127
65
122
15
33
230
860
685
1,144
2,092
471
315
83
34
87
48
3
70
296
177
114
118
143
156
255
309
160
82
56
36
15
21
29
23
21
36
86
115
20
17
48
46
316
pension
general and refunds
tirement
funds
S. Government investment accounts
and Federal
Reserve Banks
U.
3,235
1,107
97
102
138
90
44
40_
269
21
4,854
320
6,323
39
13
138
82
120
293
104
208
134
127
113
112
93
«
2,309
4,140
276
4,057
4,017
6,307
82
608
1,892
1,667
213
354
29
1
4,282
1,746
36
111
74
25
»
49
20
9
1
1
3
15
93
175
73
134
76
36
24
2^
58,559
71
293
191
1''6
2
Total Treasury notes
89_
6
41
1
141
169
120
199
12
14
64
18
98
70
2,644
2,335
168
5,864
80
83
128
16
469
corporations
215
49
31
52
State and local
governments 4/
278
37
58
43
Treasury bonds:
2-1/2% June 1962-67
2-1/2
Deo.
1963-68
2-1/2
June 1964-69
2-1/2
Dec.
1964-69
2-5/8
Feb.
1965
2-1/2
Mar.
1965-70
2-1/2
Mar.
1966-71
May
3-3/4
1966
3
Aug.
1966
3-3/8
Nov.
1966
2-1/2
June 1967-72
2-1/2
Sept. 1967-72
3-5/8
Nov.
1967
2-1/2
Dec.
1967-72
3-7/8
May
1968
3-3/4
Aug.
1968
3-7/8
Nov.
1968
Feb.
1969
4
Oct.
4
1969
Aug.
4
1970
Aug.
1971
4
3-7/8
Nov.
1971
Feb.
4
1972
Aug.
4
1972
Aug.
4
1973
4-1/8
Nov.
1973
4-1/4
May
1974
3-7/8
Nov.
1974
4-1/4
May
1975-85
3-1/4
June 1978-83
Footnotes at end of Table 4.
297
life
i38
savings
and loan
associations
783
290
97
142
177
97
190
166
41
29
119
143
86
95
87
65
194
219
62
66
24
30
16
9
31
185
250
77
18
26
49
12
61
37
4
5
3
143
5
5i
41
14
19
53
43
119
114
82
749
41
23
37
28
12
13
30
25
21
19
30
46
70
110
72
51
157
37
68
123
111
167
114
123
155
222
26
10 5
13
38
(Continued on following page)
25,936
1,570
60
57
19
83
47
28
74
48
142
125
90
95
76
50
2,699
55
39
19
6
91
33
7
27
18
7
23
10
8
2
100
20
8
52
4
39
95
87
66
52
24
143
185
76
68
20
97
41
10
56
5
40
128
45
75
115
3
48
80
155
143
27
111
61
236
48
46
15
51
59
37
178
47
62
125
248
425
520
554
534
794
388
319
45
215
129
80
823
224
432
481
56
214
422
328
571
332
231
478
416
78
89
671
353
189
October 1964
69
,
TREASUEI SDWET OF CWNERSHIP, AUGUST 31, 1964.
Section I - Securities I SGued or Guaranteed by the United States Government
Table 3.- Interest -Bearing Public Marketable Securities by Issues - (Continued)
{Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstanding
Treasury bonds -
"4?
3-1/2
Feb.
Nov.
3-lA
May
A-l/A
Aug.
Feb.
4
4-1/8
3-1/2
3
3-1/2
May
Feb.
Feb.
Nov.
(
Continued)
1980
1980
1935
19B7-92
1988-93
1989-94
1990
1995
1998
Total Treasury bonds
Guaranteed securities 2/
Total public marketable
securities
State and local
governments 4/
Insurance companies
6,026
commer-
502
banks
mutual
savings
banks
2/3/
2/
cial
297
life
i87 fire,
casualty,
and
marine
488
savings
and loan
associa-
469
corporations
tions
191
316
general
funds
;
1,560
4,907
2,442
4,436
71
85
75
174
9
43
122
47
69
97,083
2,610
1,914
1,129
1,564
250
87
181
56
146
40
79
410
158
186
37
47
87
7
39
27
23
72
24
103
45
1
11
38
149
48
83
50
10
6
1,879
339
120
529
132
1,061
29
33
25
30
26,741
4,624
4,470
3,253
2,793
847
70
179
106
11
110
208,539
50,760
5,904
4,364
4,330
3,408
954
199
115
174
23
5
35
339
170
259
2
10,442
3
pension
and retirement
funds
Held by
S. Government investment accounts
and Federal
Reserve Banks
U.
11
other
investors
^
70
Treasury Bulletin
TREASURY SUWEY OF OWNERSHIP, AUGUST 31, I96A.
Section
II
-
Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
Total
amount
outstanding 10/
InsTirance companies
6,026
commercial
banks
2/y
502
mutual
savings
banks
2/
Banks for cooperatives;
3.95? Oct. 1964 TOebentures)
3.90
Dec.
1964 ( Debentures)
Feb.
3.90
1965 ( Debentures)
146
159
232
63
65
11
6
10
Total banks for cooperatives.
538
179
26
564
460
175
249
435
430
525
446
175
260
200
275
147
91
25
18
55
11
64
115
116
130
146
16
Federal home loan banks: 11/
Sept. 1964 TNites)
3-1/2 Oct. 1964 (Bonds).
3-7/8 Nov. 1964 (Notes).
4.05
Jan.
1965 (Notes).
4.15
Feb.
1965 (Notes).
4.10
Apr.
1965 (Notes).
4-1/8 May
1965 (Notes).
July 1965 (Notes).
3.95
3-3/4 Sept. 1965 (Bonds).
4-1/8 Mar. 1966 (Bonds).
4-1/8 Aug. 1966 (Bonds).
4-1/4 Nov.
1966 (Bonds).
51
31
30
27
4.87
297
life
fire,
casualty,
and
^S8
savings
and loan
associations
10
11
2
12
18
10
15
3
2
2
6
14
16
16
16
2
1
8
11
11
8
1
3
28
46
1
2
2
6
13
3
State and local
governments
^69
corporations
^
191
316
general
funds
20
17
20
12
18
1
55
34
133
126
6
19
16
35
60
56
46
4
19
21
12
9
10
15
23
Total Federal home loan banks.
4,194
1,053
305
29
118
177
555
128
Federal intermediate credit banks;
( Debentures)
2,433
643
123
26
64
15
279
132
9
15
9
6
Federal land banks; Ig/
Oct.
4«
(Bonds).
1964
4-1/4 Apr. 1965
(Bonds).
Aug.
4
(Bonds).
1965
Oct.
4
1965
(Bonds).
Dec.
4
1965
(Bonds).
3-5/8 Feb. 1966
(Bonds).
3-1/4 May
1966
(Bonds).
4-1/4 July 1966
(Bonds).
4-1/8 Feb. 1967- 72 (Bonds).
May
4
1967
(Bonds).
4-1/8 Oct. 1967
(Bonds).
4-1/2 Oct.
1967- 70 (Bonds).
4-1/4 Mar. 1968
(Bonds).
June 1968
4
(Bonds).
4-1/4 Aug. 1968
(Bonds).
4-3/8 Mar. 1969
(Bonds).
4-5/8 July 1969
(Bonds).
5-1/8 Feb.
1970
(Bonds).
3-1/2 Apr.
1970
(Bonds).
5-1/8 July 1970
(Bonds).
3-1/2 May
1971
(Bonds).
3-7/8 Sept. 1972
(Bonds).
4-1/8 Feb. 1973- 78 (Bonds).
4-1/2 Feb. 1974
(Bonds).
Total Federal land banks.
Federal National Mortgage
Association;
Sejt. 1964 (Debentures)..
~Zi
3-7/8 Dec.
1964 (Debentures)..
4-3/8 June 1965 (Debentures)..
3-3/4 Mar.
1966 (Debentures)..
4-1/8 Dec. 1966 (Debentures)..
3-5/8 Mar. 1968 (Debentures)..
4-3/8 Apr. 1969 (Debentures)..
4-5/8 Apr. 1970 (Debentures)..
4-1/8 Sept. 1970 (Debentures)..
4-1/8 Aug. 1971 ( Debentures) .
4-1/2 Sept. 1971 (Debentures)..
5-1/8 Feb.
1972 (Debentures)..
4-3/8 June 1972 (Debentures)..
4-1/4 June 1973 ( Debentures) .
4-1/2 Feb.
1977 (Debentures)..
142
209
159
160
140
150
108
193
72
180
174
75
111
186
160
100
60
82
83
85
60
109
148
155
3,102
144
111
98
108
93
87
88
146
119
63
53
56
35
46_
40
12
21
11
5
18
4
26
4
13
11
4
4
13
12
2
5
1
3
4
9
3
2
«
4
15
2
3
4
6
7
3
q
16
11
1
4
5
1
49
43
10
19
6
5
2
6
4
3
1
5
4
14
25
5
8
4
5
4
2
4
3
1
5
3
12
7
7
2
4
3
2
2
10
14
15
"567~
29
25
13
36
15
16
4
4
14
3
11
2
4
16
2
5
215
39
4
8
3
12
10
1
31
56
52
5_
32
81
18
66
127
53
6
2
5
13
5
3
4
5
5
4
7
7
14
4
2
5
2
9
28
3
14
6
11
15
9
10
23
121
5
6
1
«
1
1
8
15
7
1
5
5
1
4
4
11
3
»
3
7
2
2
10
2
4
5
3
1
4
2
1
96
2
5
1
3
100
100
146
198
1
5
3
3
2
2
3
7
1
8
«
5
14
1
3
3
8
11
10
4
10
8
13
9
8
25
1,696
115
27
58
89
83
35
1
Total Federal National Mortgage
Association
Tennessee Valley Authority;
'Short-term notes
4.40!t
Nov.
1985 (Bonds)..!"!!
4-5/8 July 1986 (Bonds)
4-1/2 Feb. 1987 (Bonds)
Total Tennessee Valley Authority.
Footnotes on preceding page.
50
50
92
25
26
24
45
27
12
25
2
63
34
22
22
38
42
40
6
1
14
7
8
11
15
19
48
pension
and retirement
funds
S. Government investment accounts
and Federal
Reserve Banks
U.
25
*
October 1964
Treasury Bulletin
72
MARKET QUOTATIONS ON TREASURY SECURITIES, SEPTEMBER 30, 1964
Table 3.- Treasury Bonds
{Price decimals are 32nds)
'
\October
1964
73
MARKET QUOTATIONS ON TREASURY SECURITIES, SEPTHyBER 30,
1-
z
UJ
o
a:
CDS
01
s^
o
o
o
o
ID
O
CJ
ro
to
O
1964.
o
cvi
Treasury Bulletin
74
AVERAGE YIELDS OF LONGwTERM BONDS,
Table 1.- Average Yields of Treasury and Corporate Bonds by Periods
(Percent per annum)
Period
Period
Treasury
bonds 1/
Aaa
corporate
bonds
Moody'
s
Period
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
October
1964
75
AVERAGE YIELDS OF LONG-TEEM BONDS
76
Treasury Bulletin
.MONETARY STATISTICS.
Table 1.- Money In Circulation
(
In millions of dollars except per capita figures)
Paper money 2/
End of fiscal
year or month
Total
money in
circulation 1/
Total
paper
Gold
certificates
Treasury
notes of
1890
Silver
certificates
United
States
notes
Federal
Reserve
notes
Federal
Reserve
Bank
notes
67
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
147
133
120
110
318
318
318
319
321
27,094
27,353
28,622
30,292
32,356
100
29
20
19
2,127
2,094
2,009
1,847
1,723
34,662
20
1,877
321
32,331
76
37
36,247
36,312
36,799
33,226
33,268
33,694
20
20
1,737
1,718
1,730
306
312
320
31,051
31,107
31,513
75
75
74
37
37
36
33,746
34,039
34,529
19
19
19
1,7U
322
321
321
31,580
31,869
32,356
74
74
73
36
,
36,885
37,208
37,734
July
August.
37,835
38,014
34,612
34,765
19
19 ^/
1,659
1,625
319
321
32,506
32,690 6/
73
34
9U
28,372
28,767
29,040
29,071
29,699
I960
1961
1962
1963
1964
32,065
32,405
33,770
35,470
37,734
29,726
29,943
31,117
32,592
34,529
30
30
1963- December
37,692
1964- January,
February
March.
1955
1956
1957
1958
1959
30,229
30,715
31,082
31,172
31,
.
April,
May
June, .
,
End of fiscal
year or month
y
Total
coin
33
33
32
31
20
1,718
1,723
Standard
silver
dollars
y
Subsidiary
silver
Minor
coin
64
62
59
57
56
54
53
37
36
92
85
78
73
36
36
36
36
73
(
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
lg2.90
182,64
181,52
179.08
180.20
I960
1961
1962
1963
1964
2,338
2,462
2,652
2,878
3,205
305
329
360
411
482
1,484
1,548
1,663
1,790
1,987
549
585
629
676
736
177,47
176,45
180.98
187.40
196,46
1963- December
3,030
452
1,872
706
197,54
19 64- January,
February
March.
3,021
3,04A
3,105
455
459
481
1,859
1,871
1,905
708
713
719
189.76
189,89
192,23
April
May
June.
3,139
3,169
3,205
482
482
482
1,933
1,958
1,987
724
730
736
192,47
193.94
196,46
3,223
3,249
482
482
2,000
2,021
741
747
196.74r
197,40
.
,
.
.
.
July
August.
Source:
1/
2/
National
bank
notes
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 n,S,C. 411) upon receipt by the Treasury,
the Federal Reserve Bank notes since June 12, 1945 (12 U.S.C, 445 note),
and the 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 amounts thereof on the
books of the Treasury:
Gold certificates issued before January 30,
1934; silver certificates. United States notes. Federal Reserve Bank
y
4/
y
y
2/
•
notes, and national bank notes all issued before July 1, 1929; Federa
Reserve notes issued prior to the series of 1928; and Treasury notes
of 1890.
Accordingly, the Secretary of the Treasury has determined
that the following paper currencies have been destroyed or irretrieva
On 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 certlfl
oates, $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
Beginning with
such as Puerto Rico, Guam, and the Virgin Islands).
fiscal 1959 the estimates include Alaska, and with fiscal I960, Hawa:
Less than $500,000, r
Revised,
....
October 1964
77
MONETABY STATISTICS
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
Gold
($35 per
fine ounce)
End of fiscal
year or month
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
Silver
($1.29+ per
fine ounce)
,677.6
,799.1
,622.9
,356.2
,704.6 1/
,322.2
550.2
,435.2
733.3
461.4
Ratio of silver to
gLili and silver in
m.inetary stocks
( in
percent)
3,922.4
3,994.5
4,116.6
4,306.0
4,414.1
4,394.5
4,346.5
4,317.4
4,315.2
4,220.7
15.3
15.5
15.4
16.8
18.3
18.5
19.9
20.8
21.5
21.4
1963- December
15,513.0
4,265.7
21.6
196A- January.
15,512.0
15,461.7
15,460.7
4,258.6
4,255.8
4,250.2
21.5
21.6
21.6
15,462.1
15,462.6
15,461.4
4,239.0
4,234.3
4,220.7
21.5
21.5
21.4
15,461.9
15,460.4
4,214.1
4,207.3
21.4
21.4
February
March.
April
May
June.
.
,
.
.
.
July
August.
Circulation Statement of United States Money,
silver monetary stock see Table 4.
Source:
For detail of
1/
See Table
3,
footnote
3.
Table 3.- Gold Assets and Liabilities of the Treasury
(
In millions of dollars)
End of calendar year or month
Gold assets 1/
Liabilities:
Gold certificates,
etc. 2/
Balance of gold in
Treasurer' s account
21,690.4
21,949.5
22,781.0
20,534.3
19,455.9 2/
17,766.6
16,889.0
15,978.1
15,513.0
21,199.1
21,458.3
22,272.9
20,138.2
19,350.5
17,665.6
16,771.2
15,852.1
15,392.9
491.2
491.2
February
March. .
15,512.0
15,461.7
15,460.7
15,386.6
15,184.8
15,190.1
125.4
276.9
270.6
April.
May
June. .
.
15,462.1
15,462.6
15,461.4
15,350.9
15,332.0
15,341.5
111.2
130.5
119.9
.
15,461.9
15,460.4
15,344.3
15,347.9
117.6
112.5
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964- January.
July
August
.
Source:
Circulation Statement of United States Money.
1/ Treasury gold stock; does not include gold in Exchange Stabilization
Fund.
See "International Financial Statistics," Table 1.
2/ Comprises (1) gold certificates held by the public and in Federal
Reserve Banks; (2) gold certificate credits in (a) the gold
certificate fund - Board of Governors, Federal Reserve System, and
(b) the reden5)tion fund - Federal Reserve notes; and (3) reserve
2/
508.1
396.1
105.4
101.0
117.8
126.0
120.1
of $156.0 million against United States notes and through June 30,
1961, Treasury notes of 1890.
The United States payment of the $343.8 million increase in its
gold subscription to the International Minetary Fund, authorized
by the act approved June 17, 1959 (22 U.S.C. 286e) was made on
June 23, 1959 (see "Administrative Budget Receipts and Expenditures,
Table 3, footnote 13).
Treasury Bulletin
78
MONETARY STATISTICS
Table 4.- Components of Silver Monetary Stock
(In millions of dollars)
Silver held in Treasury
End of calendar
year or month
Securing silver certificates i/
Silver
bullion 2/
Sil ver
Subsidiary
dollars
coin
U8.3
3.6
3.4
3.7
127.4
88.2
24.2
29.7
18.0
305.
326.
357.
392.
456.
3.0
14.6
15.6
17.0
14.7
19.6
19.2
457.0
460.5
481.8
1,889.7
1,904.2
1,923.4
4,253.6
4,255.8
4,250.2
2.9
2.9
2.9
12.8
13.7
3.9
17.6
11.6
481.8
431.8
481.8
1,949.2
1,970.3
1,995.6
4,239.0
4,234.3
4,220.7
2.9
2.9
5.8
7.4
19.0
19.2
481.8
481.8
2,008.5
2,032.6
4,214.1
4,207.3
1962
1963
1964-January.
February
March. .
1,970.5
1,948.3
1,923.9
27.8
24.3
April ...
May
June. ...
1,894.1
1,871.6
1,846.8
July
August.
1,819.1
1,788.0
Circulation Statement of United States Money; Office of the
Treasurer of the United States.
Valued at $1.29+ per fine ounce.
Includes silver held by certain agencies of the Federal Government.
Source:
1/
2/
Subsidiary
coin 2/
1,283.2
1,338.2
1,402.6
1,4A6.2
1,513.4
1,576.0
1,650.5
1,756.0
1,387.2
15.7
2.3
8.2
14.9
3.2
2.6
.
Silver
dollars 1/
Total
silver
at $1.29+
per fine
ounce
235.4
252.2
269.3
285.4
253.5
236.3
219.0
202.7
182.3
161.2
130.1
94.0
28.5
1961
Silver
bullion 4/
V
2,194.4
2,208.9
2,212.9
2,245.0
2,251.4
2,252.1
2,237.5
2,139.1
1,981.5
1955
1956
1957
1958
1959
1960
Silver outside
Treasury
In Treasurer' s account
17.9
63.0
9'2.3
U.9
2/
4/
3,930.1
4,064.1
4,135.4
4,362.5
4,332.7
4,375.6
4,308.6
4,318.2
4,265.7
Valued at $1.38+ per fine ounce.
Includes bullion at cost, bullion valued at $1.29+ per fine ounce
held for coinage, and bullion valued at $1.38+ per fine ounce held
for recoinage of subsidiary silver coins.
9
.,
,
6
s
October 1964
79
MONETARY STATISTICS _
Table 5.- Seigniorage
(Cumulative from January 1, 1935 - in millions of dollars)
Sources of seigniorage on silver bullion revalued 1/
End of calendar
year or month
Seigniorage
on coins
(silver and
minor) 2/
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
Newly mined silver 2/
Misc. silver
(incl. silver
bullion held
June U, 193i)
Silver Purchase Act
Nationalized
silver
Proclamation
of June 19,
(Proc. of
Aug. 9, 193i)
of Dec. 21,
1933
Acts of
July 6, 1939 and
July 31, 1946 2/
Total
seigniorage
on silver
revalued 2/
Potential
seigniorage on
silver bullion
at cost in
Treasurer
'
accouTit
^
1,198.9
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
43.7
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
457.7
530.7
562.7
580.4
584.3
584.3
584.3
701.6
832.1
832.1
832.2
833.6
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
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
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
87.3
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
4.2
25.7
48.3
63.6
65.3
65.4
65.5
66.5
74.5
84.6
93.5
104.7
114.6
125.4
134.7
143.8
150.8
155.2
156.4
166.0
167.9
167.9
167.9
167.9
167.9
326.2
422.1
508.1
616.0
705.6
759.4
799.7
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
1,172.5
1,208.4
1,214.3
1,219.8
48.7
48.7
48.7
833.7
833.7
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
8.6
7.6
7.6
April
May
June p
1,224.6
1,230.2
1,236.4
48.7
48.7
48.7
833,
833.
87.6
87.6
833.
34.7
34.7
34.7
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
7.6
7.6
7.5
July p
August p
September
1,239.8
1,245.2
48.7
48.7
48.7
833.
833.
833.
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
7.6
7.5
1935
1936
1937
1938
1939
19iO
19a
19i2
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
5%.6
642.3
694.2
742.2
792.9
807.0
839.6
890.3
932.0
981.6
1,038.5
1,101.7
1,U6.9
1964 -January. ,
February.
March
.
,
.
p,
1
,251 .8
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 sec\ire silver
certificates.
2/ Total of seigniorage on coins and on newly mined silver, beginning
with that for July 1959, is included under coins; the breakdown is
not available after June 1959.
34.7
34.7
34.''
2/
^
p
16.8
36.0
58.0
7,.
274.9
397.5
5a.
758.8
950.6
1,055.8
1,089.0
1,048.2
967.3
717.3
333.2
161.2
U6.8
129.9
127.2
111.7
81.9
57.2
34.9
6.6
U.3
50.0
72.9
114.0
98.3
70.8
12.6
17.3
13.8
7.5
An act approved June 4, 1963 (77 Stat. 54) repealed the Silver
Purchase Act of 1934, the silver purchase provisions of the act of
July 6, 1939, and the act of July 31, 1946.
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 Fteductlon In the Weight of the Gold Dollar,
as of September 30, 1964 p
Allocation of
increment 1/
Exchange Stabilization Fund
Payments to Federal Reserve Banks for industrial loans
2/,
Philippine currency reserve
,
Melting losses on gold coin
,
Retirement of national bank notes
Dnagsigned
,
,
Total increment
,
Source:
1/
i/
Bureau of Accounts.
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 Public Law 85-699, approved August 21, 1958 (72 Stat. 698)
the $111,753,246.03 unexpended balance of this allocation was covered
Charges against
increment
12,000,000,000.00
$2,000,000,000.00
139,299.557.00
139,299,557.00
23,862,751.00
23,862,751.00
2,175,121.93
1,857,771.96
645,387,965.45
645,387,965.45
8,786,816.27
2,819,512,211.65
Unexpended balance
of increment
$317,349.97
8,786,816.27
2,810,408,045.41
9,104,166.24
Into the Treasury as miscellaneous receipts; and the $27,546,310.97
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. Dnder 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.
Prelljnliiary.
Treasury Bulletin
80
.EXCHAN&E STABILIZATION FUND-
Table !•- Balance Sheets as of June 30, 1963, and June 30,
June 30, 1963
Assets:
Cash:
Treasurer of the United States, checking acccoints
Federal Reserve Bank of New York, special account
Imprest fund
Total cash
Special account of Secretary of the Treasury with
Federal Reserve Bank of New York - Gold
Foreign exchange due from foreign banks: 1/
Central Bank of Argentina
Belgian National Bank
Banco de Brazil
Bank of Canada
Banco Central de Chile
Deutsche Bundesbank
Deutsche Bundesbank (I.M.F.)
Bank of England
Banque de France (I.M.F.)
Banco d' Italia
Netherlands Bank
Swiss National Bank
Bank for International Settlements
Investments in:
S. Government securities
Foreign securities
U.
Accrued interest receivable
Accrued interest receivable
-
foreign agreements
Arcounts receivable
Deferred charges
Unamortized premium on U. S. Government securities
Office equipment and fixtures
Less allowance for depreciation
Land and structures
Tital assets
Liabilities and capital: 2/
Accounts payable:
Vouchers payable
Employees' payroll allotment account, U. S. savings bondsf
Miscellaneous
Total accounts payable
Special deposit accounts
Advance from Treasurer of the U.
S.
(I.M.F.)
Capital account
Deduct subscription to International Monetary Fund
Net income ( see Table 3)
Total liabilities and capital
Note:
Annual balance sheets for fiscal years 1934. through 19^ appear in
the 1940 Annual Report of the Secretary of the Treasury and those for
succeeding years appear in subsequent reports. Quarterly balance
sheets beginning with that for December 31, 1938, have been published
In the Treasury Bulletin.
$1,069,324.12
1964]
Jiine 30,
196^p
October 1964
Treasury Bulletin
82
.
IMTERNAIIONAL FINANCIAL STATISTICS.
Table I.- U. S. Gold Stock, and Holdings of Convertible Foreign
Currencies by U. S. Monetary Authorities
(
In millions of dollars)
Cold stock 1/
Total gold stock
and foreign currency
holdings.
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
1959
I960
1961
1962
20,582
19,507
17,804
17,063
16,156
20,534
19,456
17,767
16,889
15,978
20,582
19,507
17,804
16,947
16,057
116
99
1963
15,808
15,513
15,596
Z12
1963-September..
October. . .
November .
December. .
15,788
15,910
15,780
15,808
15,582
15,583
15,582
15,513
15,634
15,640
15,609
15,596
154
1964- January ....
February.
March
April
May
June
15,847
15,865
15,991
15,991
15,946
15,805
15,512
15,462
15,461
15,462
15,463
15,461
15,540
15,518
15,551
15,727
15,693
15,623
307
347
440
264
253
182
15,840
15,890
15,870
15,462
15,460
15,463
15,629
15,657
15,643
211
233
227
End of calendar
year or month
.
.
July
August
September
p,
Note:
The United States also has certain drawing rights on the International Monetary Fund, in which the United States has a quota of
$4,125 million. In accordance with Fund policies, these drawing
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) less net U.S. drawings from the Fund and the Fund's
net operational receipts in U.S. dollars. On September 30, 1964, the net
balance of these three amounts was $651.0 million. Under appropriate
circumstances the United States could draw an additional amount equal
to the United States quota.
Includes gold sold to the United States by the International Monetary
1/
Foreign
currency
holdings 2/
Total 2/
270
171
212
Fund with the right of repurchase, the proceeds of which are invested
by the Fund in U.S. Government securities; as of September 30, 1964,
this amounted to $800 million. Of this amount, the United States purchased $200 million in 1956, $300 million in 1959, and $300 million in
2/
^
p
1960.
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,
Prel iminary
Table 2.- U. S. Treasury ^4onlnarketable Notes and Bonds
Issued to Official Institutions of Foreign Countries
Amount outstanding
End of calendar
year or month
Payable in foreign currencies
Total
Austria
Belgium
Payable in dollars
Germany
Italy
Switzerland
Total
(Dollar equivalent, in millions)
1962
1963
251
730
50
30
1963-Sept ember.
705
25
30
October, .,
November.
December.,
705
705
730
25
25
730
730
680
1964-January, .
February.
March
AprU
May
June
July
August
September.
. . .
Canada
Italy
Sweden
(In millions of dollars)
275
200
200
175
163
125
13
275
200
175
163
125
13
25
50
30
30
30
275
275
275
200
200
200
175
175
175
163
163
163
125
125
125
13
13
13
25
25
25
50
50
50
30
30
30
275
275
275
200
200
150
175
175
175
160
160
125
125
125
10
10
158
732
802
802
50
50
50
30
30
477
477
477
175
245 1/
245
V
158
158
152
125
125
125
25
25
25
953
1,005
1,005
50
50
50
30
30
30
628
628
628
245 1/
297 2/
297 1/
152
152
354
125
125
329.
25
25
25
30
Note:
For con5>lete information on U. S. Treasury securities (nonmal-ketable) issued to official Institutions of foreign countries, see "Public
Debt Operations," Tables 8 and 9.
1/ Includes the equivalent of $70 million payable in Swiss francs to
2/
51
25
25
25
25
the Bank for International Settlements.
Includes $204 million of nonmarketable bonds issued to the Government
of Canada in connection with transactions under the Columbia River
treaty.
October 1964
83
.lOTERNATIONAL FINANCIAL STATISTICS.
Table 3.- U. S. Net Monetary Gold Transactions
with Foreign Countries and International and Regional Organizations
(In millions of dollars at |35 per fine troy ounce; negative figures represent net sales by the United States; positive figures, net purchases)
Treasury Bulletin
84
.II/rERNATIONAL FINANCIAL STATISTICS.
Table 4.- Estimated Gold Reserves and Dollar Holdings of Foreign Countries
and International Institutions i/
(Position at end of period in millions of dollars)
1962
1964
Seot ember
Dec-sraber
Area and country
Western Europe;
Austria
.
Belgium
Denmark
Finland
France
.
.
Republic of.
Germarqr, Fed.
Greece
Italy
Netherlands
Norway
Portugal...
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other 3/
Total Western Europe.
Canada
Gold and
shortterm
dollars
783
1,542
98
134
3,744
6,409
196
3,627
1,B29
Total Latin American
Republics
Asia:
India
ernment
bonds
and notes
3
3
6,462
3
251
«
3,422
1,897
165
625
736
699
3,420
146
4,354
497
1
1
632
623
671
3,575
165
4,191
542
1
1
93
83
«
370
4^;
28,916
339
271
429
178
205
16
626
3
2
137
1
1
73
83
152
231
S06
336
2
1
15
3
3
1
2
133
1
751
616
3,325
1
123
901
1,791
192
160
4,653
6,884
265
3,146
1,961
164
638
773
2
4
1,.393
126
131
323
46
135
639
307
610
3,523
135
4,245
620
779
741
30,420
636
687
3,555
14
1
6
1
K
1
1
591
133
83
129
75
312
50
29,388
668
30,09'
729
30,433
3,929
644
1,382
361
49
3,f
453
453
452
360
129
176
216
14
759
117
198
176
136
231
12
808
129
215
284
992
424
329
131
244
3,865
4,063
332
67
2,689
222
293
92
2,758
237
436
1,645
26
933
12
1
1
2
298
48
Gold and
shortterm
dollars
911
1,782
198
176
4,709
6,811
239
2,927
2
13
1
3,726
136
1,967
430
«
393
348
172
243
15
638
111
168
262
905
39?
98
903
1,678
147
134
4,510
6,634
25s
3,540
1,910
158
646
U.S. Government
Gold and
bonds and notes 2/
shortterm
On basis of On basis of
dollars I960 survey 1963 survey
123
4,253
502
12
42
4
131
1
1
«
1
5
131
1*
2
339
2
130
77
615
3,737
129
4,153
575
130
77
«
380
49
686
*
402
48
30,757
322
3,674
686
424
295
227
238
311
86
41
302
90
2,750
232
513
1,848
5,735
42
1
6,616
224
3,039
1,823
188
687
4,208
5,516
5,238
9
7
4,132
5,310
50
1
14
14
1,5U
41
i,958
7
Gov-
ernment
bonds
and notes
167
5,003
11
49
1,U7
Total Asia
486
1
U.S.
902
1,832
228
817
105
271
276
1,057
487
40
2,499
215
295
76
2,613
223
480
1,551
14
11
3,703
2H8
U.S. Gov- Gold and
shcrternment
term
bonds
and notes dollars
817
91
230
277
1,017
463
2
10
13
Indonesia
Japan
Philippines
Thailand
Other
Africa
South Africa
Unitec Arab Republic
(Egypt)
Other Africa
2
1
15
2
June
Gold and U.S. Government
shorternment
bonds
terra
bonds
and notes dollars and notes
U.S. Gov-
111
131
4, 541
87
3,398
Gold and
shortterm
dollars
814
1,617
16
155
4,0?7
Latin American Republics;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama, Republic of..,.
Peru
U puguay
Venezuela
Other
U.S. Gov-
38
2,745
227
529
1,903
42
5,801
48
:
5iD
636
633
671
670
645
V
188
?73
191
355
186
331
10
188
291
198
284
10
196
276
Total Africa 4/
1,101
1,182
1,200
10
1,150
1,152
10
1,117
10
25
384
351
26
Other countries;
Australia
Other 4/
y
Total other countries,...
Total foreign countries,
International and regional 6/
Grand total
10
337
237
29
360
355
30
348
326
28
388
314
30
26
373
308
624
29
715
30
674
23
702
30
26
631
43,054
1,199
44,655
1,413
1,530
45,669
5'''8
1,524
45,675
1,570
6,953
1,213
1,218
7,063
1,170
7,294
1,063
52,627
2,781
2,742
52,743
2,740
53,586
2,664
7,349
911
7,086
1,065
50,403
2,110
51,741
2,478
52,117
1/ "Gold and short-term dollars" represent reported and estimated official
gold reserves, and official and private short-term dollar holdings
reported by banks in the U.S.; data exclude nonnegotiable, noninterestbearine special U.S. notes held by the Inter-American Development
Bank and the International Development Association.
"U. S. Government
bonds and notes" represent estimated official and private holdings of
U. S. Government securities with an original maturity of more than one
year, except for nonmarketable U. S. Treasury notes, foreign series,
and U. S. Treasury bonds, foreign currency series, which are excluded.
Gold reserves of U.S.S.R., other Eastern European countries, and China
Mainland are excluded.
2/ For explanation of the tuo series, see "Capital Movements," Section II,
Table 9.
3/ Includes holdings of other Western European countries, the Bank for
International Settlements and the European Fund, gold to be distributed
V
^
b/
•
p
1
,
735
46,292
26
1,5%"
by the Tripartite Commission for the Restitution of Monetary Gold, and
unpublished gold reserves of certain Western European countries. The
figures included for the gold reserves of the B. I. S. represent the
Banks' s net gold assets.
Through December 1962, "Other Africa" and "Total Africa" may include
short-term dollars of some countries in the "Other" category.
Includes countries in Oceania and Eastern Europe, and Western European
dependencies in Latin America.
Includes international organizations, and Latin American and European
regional organizations, except the Bank for International Settlements
and the European Fund which are Included in "Other Western Europe."
Less than $500,000.
Preliminary.
October 1964
85
.INTERNATIONAL FINANCIAL STATISTICS.
Table 5.- Liabilities to Foreign Official Institutions and International
and Regional Organizations 1/
(In millions of dollars)
1963
1964
Area
Dec.
Feb.
Western Europe 2/
7,867
7,531
7,500
Canada 2/
1,653
1,568
1,470
Latin American Republics
1,058
1,107
1,135
Asia
2,731
2,756
2,815
Africa
154
156
157
Other countries J^
187
178
175
Total foreign countries.
13,650
13,296
^
5,855
5,945
19,505
19,241
International and regional
Grand total
Mar.
13
Treasury Bulletin
86
CAPITAL MOVEMEWrS
The data reported to and published by the Treasury
countries.
Background
Data relating to capital movements between the United
Department exclude entirely the intercompany capital trans-
States and foreign countries have been collected since 1935,
actions of business enterprises in the United States with
pursuant to Executive Order 6560 of January 15, 193^, Execu-
their own branches and subsidiaries abroad or with their for-
eign parent companies; such transactions are reported by
tive Order 10033 of February 8, 19^9, and Treasury regulations
promulgated thereunder.
Information on the principal types of
data and the principal countries is reported monthly, and is
published monthly in the "Treasury Bulletin."
information is published less frequently.
business firms to the Department of Commerce.
bankers, securities brokers and dealers, and nonfinancial
6uid
on
shipments and receipts of United States currency are also
Supplementary
Reports by banks,
Dita on the
capital transactions of the United States Government
excluded from the Treasury reports
Certain capital trans-
.
actions not effected through reporting institutions, such as
business concerns in the United States are made initially to
securities transactions carried out entirely abroad, are not
the Federal Reserve Banks, which forward consolidated figures
recorded in the Treasury reports.
to the Treasury.
These statistics are consolidated by the
Treasury and published as promptly as possible.
The reporting forms and instructions used in the collec-
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
tion of the statistics have been revised a number of times.
The liabilities data exclude nonnegotiable, noninterest-
The most recent revision became effective with reports covering
bearing special notes of the United States held by the Inter-
data as of May 31, 1963.1/
American Development Bank and the International Development
A
detailed description of the
content of the statistics, including the changes instituted,
Association.
The data on securities transactions and on foreign
appeared in the July 1963 issue of the "Treasury Bulletin,"
As a result of changes in presentation intro-
holdings of U.S. Govertment bonds and notes exclude non-
duced in that issue, not all breakdowns previously published
marketable U.S. Treasury notes, foreign series, and non-
will be exactly comparable to those now presented.
marketable U.S. Treasury bonds, foreign currency series
pages 79-81.
(see "International Financial Statistics" section. Table
Basic definitions
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
2).
Presentation of statistics
Data collected monthly on the Treasury Foreign Exchange
the United States, including United States citizens domiciled
abroad and the foreign subsidiaries and offices of United
Forms are published in the "Treasury Bulletin" in three
Section
provides a sumnary of the principal data
States banks and business concerns; the central governments,
sections.
central banks, and other official institutions of foreign
by period; Section II presents data by country and by period;
countries, wherever located; and international and regional
and Section III shows detailed breakdowns of the latest avail-
organizations, wherever located.
able preliminary data.
Section IV presents supplementary data in four tables
In general, data are reported opposite the foreign
country or geographical area in which the foreigner is domi-
I
which appear less frequently than monthly.
Table
I,
short-
Data pertaining to branches or agencies of foreign
term foreign liabilities and claims reported by nonfinancial
official institutions are reported opposite the country to
concerns, is published quarterly in the February, May, August,
which the official institution belongs. Data pertaining to
and Novanber issues of the Bulletin.
international and regional organizations are reported opposite
3), foreign credit and debit balances in brokerage accounts,
the classification "International," "European regional," or
appears semiannually in the March and September issues.
"Latin American regional," as appropriate, except for the
3
Bank for International Settlements and the European Fund,
foreigners in countries and areas not regularly reported
ciled.
which are included in the classification "Other Western
Europe
."
Table 2 (formerly Table
Table
(formerly Table ^), short-term banking liabilities to
separately, heretofore has been presented annually in the
March issue, but beginning with the August 1963 issue is
"Short-term" refers to obligations payable on d€inand
published twice a year, covering data as of April 30 and
or having an original maturity of one year or less, without
December 31.
deduction of any offsets.
of Icmg-term securities by foreigners
"Long-term" refers to obligations
having an original maturity of more than one year, and in-
Table ^ (formerly Table 5), purchases and sales
during the preceding
calendar year, appears annually in the April issue. The former
cludes securities having no contractual maturity.
Table
Exclusi ons
eign countries and international institutions, is now pub-
The data published herein do not cover all types of
capital movements between the United States and foreign
1/
2,
estimated gold reserves and dollar holdings of
for-
lished monthly in the "International Financial Statistics"
section.
Copies of the reporting forms and instructions may be obtained from the Office of Balance of Payments, Office of International Affairs,
Treasury Department, Washington, D. C. 20220 or from Federal Reserve Banks.
October 1964
87
CAPITAL M0VM4ENTS.
Section I - Summary by Periods
Table 1.- Net Movements of Banking Funds and Transactions in Long-Term Securities with Foreigners
ly
(In millions of dollars; negative figi:res indicate a net outflow of capital from the United States)
Analysis of net movement
Changes in liabilities to foreigners
Calendar year
or month
movement
Total
19i6
1947
1948
,
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
i960
1961
,
,
-767.6
261.8
280.9
164.5
1,576.3
-387.7
1,225.2
1,278.1
1962
1963
1964- January-Aug
1963-August
September
October
November
December
1964- January
February
March
April
May
June
July p
August p
.
p
Short-term
banking
funds
Long-term
banking
funds
945.0
416.4
-940.5
-903.6
3,338.5
479.8
-404.8
-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
-0.4
0.8
0.1
-1.5
8.7
-8.3
-0.8
6.7
-5.2
305.4
-812.7
-245.1
1,822.9
1,858.9
1,120.8
2,486.0
919.0
1,305.8
62.1
103.4
371.6
141.1
323.7
36.3
-1,081.6
444.6
188.2
420.0
267.2
-485.9
281.4
102.3
411.9
134.4
-490.4
-1.2
11.0
-2.9
6.5
196.3
-7.1
-245.8
U5.6
184.6
-3.0
-214.4
429.1
-51.7
-10.3
514.8
279.0
6.1
40.6
8.7
-40.4
563.3
380.5
18.8
-1.5
521.9
,
17.6
-220.3
-468.5
197.0
-232.1
-388.9
651.2
198.9
V
0.5
3.2
-3.6
-0.3
0.3
0.2
1.1
5.1
3.5
4.0
0.4
30.5
1.9
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 86.
Through 1949, transactions in U. S. Government bonds and notes include transactions in domestic corporate bonds.
Change in long-term banking funds during May 1963 reflects the
U.S. Gov'
bonds
and
notes 2/
2/
2/
Short-term
banking
funds
Other
domestic
securities
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
-64.5
-150.6
-728.0
670.9
-167.6
59.8
206.9
-120.8
142.2
83.3
8.0
104.7
-25.0
17.5
3.8
-10.9
31.0
23.0
-73.0
-47.1
-96.3
-230.9
-595.7
-5.1
29.6
-26.8
-4.5
-82.9
11.6
8.3
-97.8
12.8
-34.1
-35.1
-19.6
16.4
16.6
-75.6
-2.2
-178.7
-213.2
-222.7
-248.6
-180.4
-378.6
136.4
-80.1
Note: Data
1/
Changes in claims on foreigners
Transactions in:
Net
V
p
-1U.3
-21.2
2.3
98.7
12.7
70.5
141.1
156.2
291.3
193.9
-39.0
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
-1,014.7
-1,783.2
-2,314.0
-1,517.5
-2,671.6 2/4/
-1,365.9
V
Long-term
banking
funds
Transactions
in foreign
securities
-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
-1,148.2
34.9
265.1
-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
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
-343.0
-772.8
-793.6
-126.6
-854.6
-425.4
-1,047.9
-1,044.2
-146.9
34.2
-23.2
-132.8
-168.9
-176.7
-40.9
-40.4
0.7
-72.0
-431.4
-66.3
16.5
35.8
10.0
12.4
-170.7
-115.7
-116.5
-133.9
-67.8
-338.0
176.9
-27.9
-43.0
-48.7
-139.5
-29.6
-21.4
-12.9
-54.0
-76.3
V
35.0
-48.8
33.3
-85.1
-91.2
-27.7
i3.5
24.1
inclusion of $85.6 million of long-term claims previously held but
first reported as of May 31, 1963.
Change in long-term banking funds during December 1963 reflects the
inclusion of |l93.2 million of long-term claims reported by banks for
the first time as of December 31, 1963, representing in part claims
previously held by banks but not reported,
Preliminary.
Treasury Bulletin
88
CAPITAL MOVMENTS.
Section I - Summary by Periods
2.Banking Liabilities to and Claine on Foreigners
Table
j/
(Position at end of period in millions of dollars)
Short-term claims on foreigners
Short-term liabilities to foreigners
End of calendar
year or month
19i5
19i6
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1961 5/..
1962
1963
1963- August...
September
October.
November
December,
1
964- January .
February.
March ....
April ....
May
June
July p...
August p.
1/
2/
2/
4/
5/
6/
Total
shortterm
liabilities
Payable in dollars
Foreign countries
Official
institutions
Foreign
banks
Other
foreigners
2,678.5
2,922.2
2,972.8
2,947.1
3,001.5
1,392.5
1,513.0
1,675.8
Payable
International
and
regional
in
foreign
currencies
25.5
40.6
49.7
70.4
51.0
6,883.1
6,480.3
7,116.4
7,713.0
7,618.0
8,644.8
9,302.2
10,546.1
11,648.4
12,918.6
13,600.7
14,939.1
15,158.3
16,159.1
19,388.7
21,271.6
22.450.3
22,532.6
25,018.6
25,937.6
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 4/
7,916.6 4/
8,664.9
9,154.3
10,212.3
10.893.2
10,893.3
11,915.3
12,436.9
2/
2/
2,064.0
2,528.2
2,569.8
2,529.3
2,530.4
2,943.1
3,362.9 4/
3,413.0 4/
3,460.5
4,601.1
4,704.8
5.299.5
5,380.4
5,251.0
5,683.5
2,029.8
2,252.3
2,430.4
2,398.1
2,229.6
2,355.5
2,356.9
2,564.4
3,046.2
4,011.8
3.751.7
3,751.7
5,14A.5
4,637.1
25,779.5
25,881.7
26,293.7
26,428.0
25,937.6
12,215.3
12,392.3
12,312.2
12,363.5
12,436.9
5,770.6
5,681.1
6,138.1
6,247.2
5,683.5
2,863.6
2,920.5
2,942.7
3,020.2
3,046.2
4,818.2
4,779.7
4,755.9
4,667.7
4,637.1
111.7
108.2
144.8
26,122.3
26,119.2
25,904.3
26,334.0
26,340.0
26,299.7
26,863.0
27,243.4
12,187.0
12,029.0
11,984.7
11,728.1
11,876.3
12,072.0
12,090.8
12,279.2
6,134.6
6,119.8
5,967.3
6,561.6
6,407.0
6,047.4
6,609.9
6,765.1
3,001.6
3,069.4
3,110.1
3,147.7
3,106.3
3,131.2
3,128.9
3,157.7
4,668.5
4,775.7
4,730.6
4,779.9
4,832.9
4,925.8
4,910.2
4,917.3
130.6
2/
K
1,779.1
1,805.1
1,783.5
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
1,5U.0
3,158.1
For exclusions see headnote on page 86.
Included with "Other foreigners."
Included vith "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
liabilities and claims reported by a number of banks included in the
series beginning December 31, 1961.
Includes reported liabilities to foreign official institutions begin-
Total
longTotal
term
shortliabilterm
ities
claims
.9
1.4
4.6
1.0
.7
U.9
1.0
1.2
2.3
1.8
2.7
2.8
1.2
9.9
1.6
72.2
61.4
43.7
43.2
40.3
48.8
59.0
59.4
77.2
123.1
124.2
968
1,048
904
1,386
1,548
1,945
2,199
86.1
177.2
122.9
156.5
206.5
328.1
405.4
385.5
439.4
497.6
524.3
699.4
709.2
952.6
954.9
176.
241,
5,434.4
5,457.7
5,590.4
5,759.4
5,936.0
165.8
176.8
153.4
200.7
186.0
73.4
73.8
104.3
114.9
153.6
155.5
174.3
6/ 172.9
6,106.8
6,222.5
6,338.9
6,472.8
6,540.6
6,878.6
191.5
175.7
161.8
152.4
140.0
167.8
167.9
150.2
328.
328.5
358.9
186.C
6,729.5
7/
8/
Payable
151.1
in
Other
foreigners
Other
claims
2/
245.0
290.5
490.6
^
2/
2/
2/
104.2
109.8
131.7
109.8
142.0
235.6
330.4
303.0
427.5
460.1
482.1
617.6
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
foreign
currencies
47.5
98.1
165.4
100.4
110.8
240.6
91.8
78.4
101.6
211.0
163.9
149.6
147.3
197.7
217.2
479.6
585.6
586.3
Total
longterm
claims
175.6
140.7
227.5
187.7
216.7
390.4
403.9
440.5
324.9
U0.9
641.8
773.9
2.531.1
2,573.9
2,652.9
3,394.5
626.8
670.9
839.4
1,173.8
1,362.1
1,545.1
1,698.4
2.033.8
2,033.8
2,160.4
3,015.0
839.6
851.8
960.8
954.9
716.7
722.3
726.9
756.6
773.9
3,044.6
3,114.4
3,164.1
3,202.5
3,394.5
631.2
604.5
694.2
638.7
626.8
2,471.9
2,512.3
2,511.6
2,583.6
3,015.0
1,037.2
1,089.7
1,082.5
1,103.6
1,139.6
1,143.5
1,163.1
1,176.3
795.8
790.9
803.1
839.1
866.2
886.7
908.2
918.8
,436.4
,525.0
,630.9
,669.3
645
708
3,058.0
3,106.6
3,246.2
3,275.7
,660.5
,873.2
,779.8
734
807.4
682.6
689.0
3,297.1
3,310.0
3,363.9
3,440.3
876.1
795.2
557.1
641
660
ning October 1961
Figures for selected dates are as follows:
end 1961, $46.3 million; end 1962, $47.9 million; June 1963, $25.5
million; December and end 1963, $30.1 million; August 1964, $30.1
million.
Includes claims previously held but first reported as of May 31, 1963;
as of that date such claims amounted to $85.6 million.
Includes claims amounting to $193.2 million reported by banks for the
first time as of December 31, 1963, representing in part claims
previously held by banks but not reported
Preliminary.
.
p
100.3
319.6
292.9
361.2
222.7
87.9
85.2
243.0
160.9
6,701 .6
Foreign
banks
2/
J/
2/
2/
2/
73.4
56.0
54.8
65.8
62.9
69.4
129.5
134.1 6/
116.7
117.6
123.4
708,
948,
1,018.
827,
7.5
2.2
2.2
7.3
69.4
134.1
125.1
112.1
392.8
400.
350.
290.
^
150.4
143.4
Official
institutions
2,542.0
2,624.0
3,614.2
4.762.3
4,820.3
5,163.2
5,936.0
'.8
113.1
150.4
Payable in dollars
Loans to;
Zi
8
2
1
...
1964
\October
89
CAPITAL MOVMENTS
Section I - Summary by Periods
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners!/
(In millions of dollarsj negative figures indicate a net outflow of capital from the United States)
U.S. Government bonds and notes 2/
Corporate and other
Net purchases
Calendar year or month
Purchases
Foreign countries
Sales
Total
Official
414.5
-269.7
61.5
-47.9
96.4
Other
883
666
1,223
1,216
1,729
1,743
1,779.9
1,867.1
36.3
688.9
126.6
512.2
-728.0
670.9
1964-January-August p.
993.6
1,161.1
-167.6
19.6
1963-August
September.
October. .
November.
December.
175.5
171.0
35.0
193.5
7.5
33.2
87.7
26.9
142.2
83.3
42.9
81.9
8.0
32.4
104.7
-25.0
1964- January. .
February.
66.4
107.4
1«.4
22.5
221.4
20.9
516.9
19.7
71.5
77.8
45.2
27.0
304.2
9.3
508.6
117.4
-5.1
29.6
-26.8
-4.5
-82.9
11.6
8.3
-97.8
26.7
26.4
16.7
2.6
March
April
May
June
July p
August p
3U.8
282.4
430.0
1,236.4
673.6
533.7
646.0
800.9
1,341
.
-13
-55
9
824
-663
292
-96
-60
2/
2/
1/
108.3
141.6
188.5
197.4
283.6
296.0
251.8
258.9
344.0
296.2
392.3
416.
359.0
246.4
23.6
-210.9
283.1
U.l
-5.6
4.7
-9.0
43.4
-6.3
-4.7
105.0
-3.3
3.0
60.4
-14.0
302.3
-82.0
8.2
529.0
-135.0
561
-204.9
117.0
-236.7
523.9
-97.9
-20.0
-206.6
369.1
-52.1
.8
26.8
3.7
.1
1.1
1.6
-40.0
-8.3
19.5
10.4
6.3
3.2
y
y
y
y
-.6
3/
3/
3/
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
255.7
942.1
-683.0
Stocks
Net
purchases
Purchases
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
301.8
2/
2/
y
-21.6
11.7
15.3
6.1
28.7
35.3
Purchases
367.6
226.1
369.7
354.1
666.9
739.8
650.
589.1
1,115.1
1,561.2
Net
purchases
Sales
Net
purchases
of
domestic
securities
-334
-89
-192
75
944
-584
314
-64.5
-150.6
-144.3
-21.2
2.9
120.3
432.1
376.7
514.1
375.3
664.0
619.5
649.2
1.0
55.2
135.0
127.5
533.9
980.2
1,433.7
1,363.5
1,163.8
1,453.6
1,861.5
1,774.8
-11
149
-99.2
-51.3
9.3
2,260.2
2,724.0
2,744.6
2,149.1
2,526.5
197.5
685
156
141.8
-2.7
1,124.4
378.4
735.7
-668.2
877.8
186.7
96.3
2,054.2
2,271.3
-217.2
-288.5
23.3
12.8
14.2
18.4
29.5
22.1
19.6
16.9
25.2
27.7
1.2
-6.8
-2.7
-6.8
1.7
201.3
226.5
246.6
240.0
247.3
185.0
216.0
254.8
202.2
226.0
16.3
10.5
-8.2
37.8
21.2
159.8
87.0
-2.8
135.5
-2.0
-48.6
26.9
13.4
37.8
30.3
31.4
53.5
23.5
66.3
17.7
21.9
21.8
32.6
17.8
30.9
25.3
18.7
9.1
-8.5
16.0
-2.3
13.6
22.6
-1.8
47.6
282.0
216.8
260.9
309.8
281.1
259.7
250.5
193.4
278.3
242.4
312.0
327.0
278.3
265.7
324.3
243.3
3.7
.5
.1
7.7
-4.5
-61.9
-24.1
66.5
28.2
-67.3
-100.1
.1
-102.5
.1
.4
-61.0
y
For exclusions see headnote on page 86.
Through 1949, includes transactions in corporate bonds.
1/
International
and
regional
-269
684.2
283.3
330.3
333.6
294.3
356.6
231.4
728.0
792.7
812.1
018.3
718.3
187.6
528.0
603.0
231.5
507.9
196.2
1946..
19i7..
1948..
1949..
1950..
1951..
1952..
1953..
1954..
1955..
1956..
1957..
1958..
1959..
I960..
1961..
1962..
1963..
Bonds J/
51.3
17.3
72.6
50.1
1,619.5
1,306.4
1,397.3
2,224.4
1,976.5
3,06' .3
Through 1949, included with transactions in U.
bonds and notes.
Preliminary,
p
256.0
142.6
-56.3
362.9
201.7
322.7
111.1
-25.6
-51.1
-17.3
2.8
-6.0
-73.8
-49.9
Government
S.
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
Foreign stocks
Calendar year or month
Sales
1946
1947
1948
1949
1950
Net
purchases
702.0
695.6
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
1,686.1
-321.3
511.8
337.3
174.4
943.8
1,090.7
-U6.9
-65.4
-4.2
6.9
-32.3
-22.1
42.1
43.9
59.9
43.0
23.2
31.0
69.9
62.7
27.7
28.3
-1.0
20.7
28.9
42.2
34.4
87.2
271.5
110.0
98.5
103.0
153.5
255.0
74.2
88.5
90.7
-66.3
16.5
35.8
10.0
12.4
2.7
-75.0
2.8
-106.7
-103.1
77.0
62.0
66.5
71.0
61.7
63.9
61.2
48.5
44.7
35.8
36.0
49.5
49.7
47.1
42.2
32.3
32.3
26.2
30.5
21.5
11.9
16.8
19.0
16.2
116.9
112.8
109.3
141.0
115.1
131.2
131.6
81.9
161.6
76.0
226.1
206.3
158.9
118.1
61.8
35.0
-48.8
33.3
-85.1
-91.2
-27.7
13.5
1964-January-AugU3t p
431.9
753.4
1963-August
September
October
November
December
45.1
227.6
50.1
28.6
110.5
231.8
43.2
60.9
62.4
37.2
125.8
40.1
176.6
156.5
111.8
75.9
29.5
1961
1962
1963
1964- January
February
March
April
May
June
July p
August p
40.4
39.9
50.8
42.8
69.9
53.4
67.3
70.4
37.4
1,915.1
1,457.6
1,445.0
1,262.4
2,037.3
Net purchases
of foreign
securities
388.2
382.3
908.4
1,149.7
1,007.0
924.9
1,486.1
1,387.3
1,866.8
2,014.0
2,718.8
2,26^.5
2,036.7
2,228.0
2,843.2
2,730.3
2,086.0
1952
1953
1954
1955
1956
1957
1958
1959
I960
Total
sales
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
51.2
265.5
24.5
-79.8
9.8
-121.0
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-093.1
-1,u26.1
-512.0
-562.1
-460.4
-944.0
-1,095.4
1951
Total
purchases
65.6
42.6
96.7
70.8
198.2
348.7
329.6
303.4
644.9
877.9
875.2
621.9
803.7
803.8
591.7
965.6
805.9
644.3
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
990.5
490.4
634.3
291.4
311.5
710.2
801.0
677.4
621.5
841.3
509.4
991.5
1,392.0
Sales
Net
purchases
-U.5
-5.4
7.9
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
821.2
715.9
293.3
410.1
763.0
772.7
85.9
265.1
39.0
-94.8
556.1
6''
6.
27.8
-145.4
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722
-1
,362
-749
-644
-830
-1,047
-1,044
24.1
Treasury Bulletin
90
CAPITAL MOVaffiNTS
Section II - Summary by Countries
Table 1.- aiort-Term Banking Llabllltlea to Foreigners
i/
(Position at end of period in millions of dollars)
Calendar year
196i
Country
i9to
1961
Europe;
255.1
326.0
52.1
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 2/
U.S.S.R
Other Eastern Europe 2/
2i3.1
142.0
54.2
46.0
519.0
3,475.7
63.1
877.1
328.5
81.9
83.6
148.5
226.6
678.2
18.4
1,667.3
10.0
356.5
14.0
2,226.6
11.6
326.4
4.8
15.7
Total Europe
9,045.7
10,322.0
2,438.8
2,757.6
315.0
194.1
135.1
158.3
77.0
397.3
123.0
72.2
51.3
398.2
233.6
68.8
72.0
11.8
234.7
228.2
105.3
146.8
42.5
494.7
86.7
84.0
57.0
418.0
228.0
111.0
2,307.8
2,340.5
34.8
57.3
34.6
53.9
1.2.1
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
American Republics 4/..
Bermuda
Antilles and Surinam...
America 4/
^
^
Total Latin America
Asia;
China Ma inland
90.8
988.7
2,841.6
67.2
1,234.1
216.4
105.2
99.3
153.4
406.4
874.8
25.9
14.9
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
178.2
74.7
1,887.5
152.2
202.8
83.7
185.8
204.3
77.7
75.6
63.0
1,671.6 6/
199.5
185.0
92.0
264.4
254.6
Total Asia
3,115.3
2,973.6
31.9
64.3
29.3
21.9
79.6
93.0
31.7
14.5
110.2
Africa;
Congo
( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa 2/
Total Africa 7/
^
Other countries;
Australia
All other 2/
Total other countries
88.1
37.2
11/
International and regional;
International
European regional 2/
Latin American regional
Total international and regional 2/
Grand total
227.0
125.2
3,897.2
2/
114.6
4,011.8
21,271.6
55.5
33.9
1962
1963
April
May
June
July p
October 1964
CAPITAL MOVMENTS
Table 2.
.
Section II - Summary by Countries
- Short-Term Banking Claims on Foreigners
V
(Position at end of period in millions of dollars)
Calendar year
1964
Country
I960
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United K ingdom
Yugoslavia
Other Western Europe 2/
U.S.S.R
Other Eastern Europe 2/ J/
Total Europe
Canada
9.2
32.0
81.8
6.2
34.1
33.3
17.0
3.9
7.6
27.9
59.5
48.8
245.3
11.1
10.9
7.6
716.7
421.1
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics 4/1
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America 4/
^
Total Latin America
Asia:
Chine Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa:
Congo
2.3
65.1
13.2
Leopoldvllle)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
(
Total Africa
Other countries:
Austral ia
All other j/
Total other countries 8/
International and regional
Grand total
120.8
225.4
72.7
80.4
25.5
343.4
22.6
44.3
57.0
234.5
55.1
y
8.5
65.5
1,355.6
1.7
9.3
9.2
.2
23.9
805.9
2.1
18.6
7.3
24.0
150.0
1,052.2
2.5
2/
11.0
3.2
1/
3/
1961
1962
1963
April
May
July p
Treasury Bulletin
92
CAPITAL MOVEMENTS
Section II - Summary by Countrlep
Table 3.- Long-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars)
Calendar year
196i
Country
I960
1961
1962
1963 1/
April
2.'
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
2.9
35.1
7.1
5.2
20.5
23.2
4.0
37.1
13.6
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
1U.6
2.7
i.5
38.8
2.2
3.1
12.5
69.8
7.4
26.2
46.4
164.7
4.0
.8
65.4
11.8
10.0
12.9
24.5
80.3
13.4
31.6
1.1
201.9
26.6
10.2
50.1
39.1
9.4
17.6
101.2
57.1
53.3
41.7
38.7
135.6
16.4
160.8
5.0
237.8
75.5
48.6
45.2
16.1
Canada
,
American Republics..,
Bermuda
Antilles -and Surinam,
America 3/ /^
,
Total Latin America
,
.1
.1
.1
.7
.7
10.7
25.2
1.1
4.8
37.9
50.2
2.1
2.9
.9
.9
8.9
22.7
366.6
^92.9
577.6
1.100.7 2 /
75.5
273.9
303.6
274.9
118.4
233.7
42.5
25.7
73.4
262.8
26.7
29.6
62.0
253.1
18.5
64.3
86.2
267.1
23.4
61.6
.9
.9
.9
.6
132.0
30.3
12.1
171.2
19.4
10.1
322.4
25.7
26.0
31.3
56.5
64.2
43.7
.4
.6
189.8
9.2
245.5
11.9
3.4
65.4
6.3
72.9
194.9
21.5
13.3
1.5
166.9
9.8
4/
7.5
71.7
913.9
931.3
.0
19.4
16.4
3.0
15.0
1.5
24.6
U.4
50.8
8.4
23.7
27.7
74.3
15.6
50.1
70.4
.4
.8
.6
8.2
15.7
5.5
14.3
3.6
27.4
28.2
248.5
3.2
100.8
1.6
3.7
31.3
134.1
170.1
222.1
39.7
39.3
35.0
28.2
23.9
1.6
15.5
3.9
V
V
4 9
1.7
1,015.3 2/
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
,
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
,
,
,
,
Total Asia
Africa;
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
10.2
19.1
.9
y
61.0
4.8
y_
6/
Other countries;
Australia
All other y.
Total other countries
,
6/.
y
59.2
y
-^
443.5 2/
y
y
JL
.1
69.1
112.9
27.7
75.1
21.3
41.9
43.8
66.9
60.2
7.6
208.3
165.6
171.1
67.7
1,698.4
2,033.6
2,160.4
International and regional
Grand total
124.1
64.7
50.7
47.1
36.8
140.9
16.9
214.2
5.5
240.0
77.3
56.7
62.8
17.8
15.3
1.8
7.9
19.3
Total Europe
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
36.7
38.7
7.4
May
July p
August p
October 1964
CAPITAL MOVIMENTS
Section II
Table 4,- Net Transactions in U.
(In thousands of dollara; negative figures indicate ne
Treasury Bulletin
94
CAPITAL MOVQffiNTS
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 Dnited States)
Calendar year
1964
Country
1961
I960
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
89
-246
39
Total Europe
Canada
-231
5,489
-218
-79
58
204
55,766
37
-6,818
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
278
-179
4,582
-12
-5,719
23
-1,793
-409
-451
-103
-3
-428
-2,616
-78
140
269
211
11,345
-4
7,616
Other countries:
Australia
All other J/
Total other countries 4/
International and regional:
International
European regional
Latin American regional
Total international and regional.
Grand total
-11
-90
-166
1,918
593
-3
585
2,654
-19
-927
-1,545
14,804
-110
-334
-1,128
11,258
-6
9,507
11
6
-373
-2
-361
79
163
-118
209
-215
91
7
55
157
-145
-38
105
-607
3,496
137
-1,304
-2,551
-34
236
-5
133
-504
-46
30
-773
-757
-45
-1,023
1,628
24,725
1,961
3
1
847
98,764
1,255
-10
17,623
1,737
-18
701
2,026
-4
5,800
-200
-46
32
11,534
Ul
-14
-147
-1
1
308
11,
July p
-9
-22
-63
300
653
-3,163
1,824
-44
-129
-116
June
May
121
-6
997
-4,366
782
60,045
-19,846
10,674
33,345
110,417
18,949
3,867
-39,058
-89,628
-76,249
-51,845
-23,803
-5,868
-1,633
-86
386
-214
132
917
217
637
-70
274
-83
6
-61
-111
-20
240
-120
-54
544
-698
-1,265
-16
65
108
19
2
2
1
-2,705
-2
1,589
-35
289
1,234
423
-170
-54
-39
6
60
-28
118
-331
508
20
80
-148
179
93
1,786
1,153
123
-241
163
345
-4,409
34
796
5,302
-3,428
-2
-2
3
233
17
61
57
671
6
-10
-12
-29
104
-9
194
266
98
-6
56
904
252
692
-8
87
4,905
2,480
95
766
6,143
3,668
483
2/
y
-19
1,394
755
793
2/
10,349
417
2/
2/
208
2,475
-542
912
17,609
-130
-115
-56
317
52
8
352
37
-37
18
95
48
33
-28
4
65_
7%
54
-397
-887
-18
1/
470
-2
y
"4^
82
55
2,023
583
-5,715
34
103
29
59
1
2
-2
74
28
9
-13
2
-68
-14
-57
-26
-50
-29
528
-7
-24
-23
12
-58
78
10
-92
239
-5,998
1
108
22
203
495
-5
7
-292
177
-12
414
21
-28
-115
456
15
-5,804
1,002
705
309
261
326
-427
-264
147
125
112
4
-2
-1
-1
395
(J
y
V
2/
91-
"533"
73
1,004
382
45
737
520
16
-5
4
6
-11
-11
-2
59
9
22
-11
476
49
166
-792
29
602
194
11,548
9,878
12,078
16,190
-903
53_
18,965
3
2/
52
31
81
-1
69
(
Total Africa
-46
-472
-235
-176
58
395
Total Latin America
54
-9
-439
-410
April
3,226
56
American Republics 1/
Bermuda
Antilles and Suj-inam.
America 1/ 2/
-1,271
-136
14
-297
-9,394
-7,915
1Q63
1962
-330
177
49
1,751
1,292
Asia:
China Mainland
Africa;
Congo
580
-119
482
-635
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
other Eastern Europe
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
other Latin
-10
2,765
1964
through
August p
-92
-92
-93
-5
-4
9,510
2,242
816
962
.1,584
11,548
9,878
12,078
16,190
9,510
2,24.2
816
962
1,584
50,088
-99,227
-51,333
9,329
96,259
15,965
,313
13,605
22,590
.
October 1964
95
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 6.- Net Transactions In Domestic Stocks by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Treasury Bulletin
96
.
CAPITAL MOVEMENTS
Section II
Table 7.- Net Transactions
(In thousands of dollars; negative figures indicate
J
,
October 1964
CAPITAL MOVEMENTS
.
Section II - Summary by Countries
Table 8. - Net Transactions In Foreign Stocks 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
Country
I960
1961
1962
-176
-6,946
-19
-7,832
-170
4D
-31,235
-36,646
-200
-4,049
-71,852
464
-39,509
-13,747
-494
3,395
-66,074
-491
Europe;
Austria
Belgium
Denmark
Finland
France
Germai^
Greece
Italy
Netherlands
Norway
Portugal
Spain.
.
-13
-922
-315
-23
-i,206
-17,674
-583
-12,517
-87,906
847
121
-23
.^
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe....
U.S.S.R
Other Eastern Europe 1/.
370
285
-3,034
-495
-12
-63,387
-832
-266
-20,944
-18
4,081
186
-377
-1,292
-75,207
-246,922
-143,717
-74,117
74,254
-651
-3,159
-222
-1,246
-356
-1,684
-284
-960
11,889
-6,312
97
42,147
-28, 590
-587
Total Europe
Canada
13,8
Latin Americai
Argentina
Brazil
Chile
Colombia
,
,
,
Cuba
Mexico
,
,
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
,
,
,
American Republics 2/.
Bermuda
Antilles and Surinam..
America 2/ 2/
Total Latin America
-2,485
-1,020
-334
100
-307
-548
-4,294
-1,765
-180
-16
-7
360
-91
30
910
396
-657
99
159
2/
-1,425
1,385
1,128
-425
172
99
2/
608
-13,996
2,060
-25,397
811
-4,447
-24,207
-27,355
-6,077
-50
2
-147
-13
-1,127
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
48
-744
-6,697
249
-82
-486
-47
-8
-4,319
-22,206
204
-3
-60
42
-66
2
Philippines
Taiwan
Thailand
Other Asia
Total Asia
1
-2
3
10
-718
-27
-515
-753
-8,251
-27,758
Africa;
Congo (Leopoldville)
2
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa
2,978
-234
19
11
4
-6
V
V
V
y
-65
-55
-13,603
-121
2,869
-13,952
785
643
Other countries;
Australia
All other
V
Total other countries
^..
International and regional;
International
European regional
Latin American regional
Total international and regional.
jrand total
785
643
-82,624
-369,954
y
Treasury Bulletin
98
CAPITAL MOVIMENTS
Table 9.
-
Section II - Summary by Countries
Estimated Holdings of U. S. Government Bonds and Notee
(Position at end of period In millions of dollars)
.
October 1964
99
CAPITAL MOVMENTS
Table
1.-
Section III - Preliminary Details by Countries
Short-Term Banking Liabilities to Foreigners as of August 31, 1964
(Position in thousands of dollars)
1/
Treasury Bulletin
100
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of August 31, 1964
1/
(Position in thousands of dollars)
Short-term claims payable in dollars
Loans to:
Total
shortterm
claims
Country
Total
Collections
outstanding
for own
account and
domestic
customers
Foreign
banks and
official
institutions
Short-term claims payable In foreign currencies
Deposits of
reporting
banks and
domestic
customers
with
foreigners
Acceptances
made for
account
of
foreign-
Foreign
government
obligations
and commercial and
finance
paper
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
Canada
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
Total Latin America
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)..
Other Africa
Total Africa
Total other countries
International and regional;
International
European regional
Latin American regional
Total international and
regional
Grand total
1/
34
25
93, 5U
40,3/16
Total Europe
Other countries;
Australia
All other
35,181
19,792
32,182
30,674
83,328
34,902
276,980
23,324
20,996
6,804
25,267
16,506
61,643
60,498
93,369
10,201
85,328
33,399
33,440
19,549
31,460
28,254
70,807
34,893
135,668
23,323
20,390
7,591
30,770
18,318
61,819
72,290
132,934
10,282
,
,
,
1,699
3,736
2,821
2,649
6,458
9,594
671
26,087
4,752
7,361
4,209
4,723
3,086
20,424
31,791
42,241
14,687
357
17
787
5,503
1,812
176
11,792
39,565
782
5,428
1,404
172
11,336
19,552
12,243
3,209
12,451
3,502
1,951
20,532
31,751
8,765
25,103
18,989
2,320
3,203
14,554
4,408
11,570
2,830
28,786
114
3,092
14,468
485
9
11
175,446
58,305
239,444
193,767
9,332
40,907 242,093
267, 2l 8
68,294
187,759
850
16,499
25,418
19,397
1,141
27
24,844
17
16,484
25,340
19,663
89
16
1
602
1,960
6,505
134
2
600
1,546
6,252
108
229
6,381
3,527
1,669
25,785
30,256
749
21,421
5,146
6,414
9,028
5,998
8,241
30,523
272
13,986
993
651
6,156
54,301
5,940
20,571
3
7,847
2,344
15,317
1,926
5,862
12,194
7,554
6,433
8,139
4,697
19,555
19,544
4,200
119
25
272
1,049,812
810,368
191,546
187,644
197,427
693,688
426,420
23,623
110,565
9,232
175,002
152,910
187,458
249,784
16,233
572,059
38,420
103,719
61,552
136,921
168,586
41,077
158,503
127,492
167,561
248,643
16,206
547,215
38,403
103,630
60,950
134,961
162,081
40,943
13,579
36,794
31,947
33,730
210,549
9,842
8,049
12,671
23,150
20,533
9,267
29,425
51,470
22,897
76,735
100
140,853
12,120
25,512
5,256
27,339
28,015
23,748
57,824
29,172
30,466
26,613
16,106
40,954
8,756
33,704
6,739
53,463
73,831
1,177
18,915
13,123
18,915
12,976
750
49
15,035
447
1,935,759 1,338,479
410,910
459,002
1,608
16,475
19,021
154
39,124
2,470,502
22,847
179,097
7,452
56,198
77,495
1,593
16,354
18,630
154
38,971
,401,994
22,847
178,614
7,378
56,189
76,906
1,495
6,904
4,661
107
18,386
511,552
11,291
81,069
2,267
13,081
18,819
93,828
4
24,523
1,529
3,376
5,828
2,889,973 2,819,630
669,632
137,879
296,508
2,581
207
13,526
1,462
14,253
777
14,559
15,946
1,386
5U
16,322
31,648
1,590
1,109
10
6,082
56,825
10,011
80,655
109,840
2,048
500
1,073
1,733
1,197
13
4,870
2,168
2,028
1,183
323
325
736
81
81
8,186
6,947
1,741
7,729
6,382
1,740
212
643
2,407
12,572
243
722
2,420
17,521
9
9
39,172
333
141,312
122,745
1
1
1
606
552
9
11
45
1,596
1,725
13,938
222
2,313
2,189
3,122
9,784
530
2,166
147
139
396,766
541 878
29,923
97,280
73,854
98
4,685
3,495
15
15
2,747
4,347
428
121
391
391
4,055
723
8
,
13
1,560
51
37
4,680
206,352
7,976
16,709
2,001
6,653
38,822
150
574
153
95,481
63,503
68,243
4,088
127
433
74
194
611
2,493
9
589
9
574
1,611,791 103,820
70,343
,478
799
320
245
665
1,067
18,216
1,775
1,364
1,076
9,249
1,494,781
3,576
52,225
1,454
32,468
10,944
1
1,690
17,924
25,940
50,251
103
203
203
7,943
20,092
97,869
96,505
28,
UO
39,912
8,604
,545
100
5,802
1,629
17,871
6,367
14,139
155
555
353
12,528
9,367
763
8,537
754
61,807
48,516
1,645
7,431
24,238
14,294
908
13,291
9,291
11
11
583
583
918.843
955.830
43t,824
688.990
415.760
52,
8,867
7
700
1,690
18,723
26,260
50,496
700
195
230
19
140,921
7,463
29,052
34,095
30,493
39,519
2,474
461
133
4,277
270
284
73
507
597
17
867
20
320
91
,
,
,
,
583
594
594
583
6,729,502
e, 040, 512
1.326.483
Excludes convertible foreign currencies held by U.S. monetary authorities.
2,402.
5?'2
199.158
i
October 1964
101
CAPITAL MOVQffiNTS
Section III - Preliminary Details by Countries
Table 3,- Long-Term Banking Liabilities to and Claims on Foreigners as of August 31, 1964
(Position in thousands of dollars)
Long-term claims payable in 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
1,000
4,000
1,425
7,236
85,147
Total Europe
98,808
Canada
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
Total Latin America
50
26,005
26,055
Asia ;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Total
long-term
claims
131,032
71,322
48,605
60,219
42,370
133,415
19,997
259,888
12,510
248,832
75,630
62,639
69,197
25,372
722
71,997
1,418
25,058
Long-term
claims
payable in
foreign
currencies
Total
131,032
71,322
48,605
60,219
42,370
133,415
19,997
259,888
12,510
248,832
75,630
62,639
69,197
25,372
722
71,997
1,418
25,058
131,025
70,622
48,592
60,219
42,344
133,408
19,958
250,156
12,510
248,832
75,092
59,763
68,197
25,372
700
70,797
1,418
24,189
7
700
13
26
7
39
9,732
538
2,876
1,000
22
1,200
24,537
24,537
24,537
1,384,760
1,384,760
1,367,731
17,029
269,974
269,974
268,101
1,873
77,862
208,919
22,541
56,298
594
415,072
19,090
43,574
41,639
35,459
54,264
38,361
21,483
1,212
77,862
208,919
22,541
56,298
594
414,972
19,090
43,574
41,639
35,459
54,264
38,861
21,483
1,212
46,473
150,278
19,953
54,650
382,146
19,047
35,331
41,602
33,602
52,421
38,798
21,483
495
31,389
58,641
2,588
1,648
594
32,826
43
8,243
37
1,857
1,843
63
1,036,868
1,036,768
896,279
1,467
25,796
1,467
25,796
1,467
25,796
25,922
333,063
4,809
119,926
1,747
5,477
31,054
25,922
308,404
3,213
111,429
1,747
3,809
29,739
717
140,489
,
,
,
Other Asia
7,750
25,922
333,063
4,809
119,926
1,747
5,477
31,054
Total Asia
11,270
549,261
549,261
511,526
23,312
22,900
750
13.033
104
77,531
22,900
750
13,027
6
500
750
13,033
104
77,531
77,509
104
22
500
114,730
114,318
114,186
132
727
75,498
8,959
75,498
8,959
75,285
8,872
213
87
727
84,457
84,457
84,157
300
34,500
235
235
235
35,500
235
235
235
172,860
3,440,285
3,439,773
3,242,215
,
,
3,070
400
,
,
50
Tliailand
Africa;
Congo ( Leopol^ville)
Morocco
South Africa
,
United Arab Republic (Egypt)
Other Africa
Total Africa
Other countries
Australia.
All other
,
,
24,659
1,596
8,497
1,668
1,315
37,735
412
412
;
,
Total other countries
International and regional
international
European regional
Latin American regional
,
;
Total international and regional.
Grand total
100
1,000
197,558
512
102
Treasury Bulletin
CAPITAL MOVUffiNTS
,
Section III - Preliminary Details by Countr ies
Table 4.- Purchases and Sales of Long-Term Securities by Foreigners During August 1964
(In thousands of dollars)
;
October 1964
.CUMULATIVE TABLE OF CONTENTS.
November 1963 through October 1964
Issue and page number
1963
Reporting bases.
Articles:
Treasury financing operations
196i
Dec
Jan.
II
II
II
II
A-1
A-1
A-1
A-1
A-1
A-1
1
1
1
1
1
Mar.
Apr.
June
July
II
II
II
A-1
A-1
fi-1
A-1
A-1
1
1
1
1
1
May
Aug.
Sept.
Suimnaries!
Federal fiscal operations
Administrative budget and trust fund receipts and expenditures
Administrative budget receipts and expenditures:
Receipts by principal sources
Detail of miscellaneous receipts by major categories
Chart - Internal revenue receipts by principal sources
Expeniitures 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
Summa ry of internal revenue receipts by States, calendar year 1963,
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
Federal Disability Insurance Trust Fund
Railroad Retirement Account
Unen^loyment Trust Fund
National Service Life Insurance Fund
Investments of specified trust accounts in public debt securities,
by issues (latest date June 30, 196i)
Consolidated cash transactions ( formerly 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 vd.thdrawals from Treasurer' s account
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account....
Intragovernmental and other noncash transactions
Accrued interest and other noncash transactions
Account of the Treasurer of the United States:
Status of the Account of the Treasurer of the United States
Analysis of changes in tax and loan accoxint balances
Sxunmary of cash transactions through the Account of the Treasurer
of the United States
Debt outstanding:
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 Treasury bills
Securities issued in advance refunding operations
Allotments by investor classes on subscriptions for public
marketable securities other than regxilar 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
2
3
4
5
6
7
8
10
'io
10
9
9
11
11
11
11
10
10
12
12
10
10
11
11
12
12
10
10
10
10
11
11
10
11
12
13
12
13
11
13
11
12
13
13
14
11
12
11
12
12
12
12
14
U
15
13
13
14
13
15
16
14
U
15
U
12
U
14
13
15
13
15
14
16
14
15
15
16
17
15
16
16
17
18
18
19
19
16
16
20
17
17
21
18
18
2i
22
23
21
19
21
19
20
27
28
24
25
24
25
23
24
26
23
23
25
29
29
30
26
26
27
26
26
27
26
26
27
30
31
32
27
28
29
27
28
29
27
28
29
20
21
15
16
17
17
18
19
13
15
16
16
17
18
19
18
16
22
18
16
19
17
23
19
17
20
21
18
19
24
25
20
21
18
19
20
26
22
23
23
24
21
21
22
27
27
28
23
23
24
24
25
26
22
28
29
30
23
24
21
18
23
24
19
20
25
21
21
21
22
26
26
27
22
22
23
24
25
26
22
23
24
27
28
29
23
24
25
33
30
30
30
25
31
27
25
30
26
3i
31
31
31
28
26
32
28
26
31
27
35
37
32
34
36
32
34
36
32
34
36
29
31
33
27
29
33
35
37
29
27
29
31
32
34
36
28
30
32
37
41
37
47
43
35
41
40
46
36
42
49
45
44
49
45
;
39
31
43
49
40
40
46
46
40
46
43
35
41
51
48
48
48
45
43
31
33
54
51
52
52
49
47
53
49
48
53
49
61
58
59
59
56
54
61
57
56
61
57
63
60
62
62
59
57
64
60
59
64
60
(Continued on the following page)
Treasury Bulletin
104
.CUMDLATIVE TABLE OF CONTENTS.
November 1963 through October 1964
-
(Continued!
Issue and page number
196-1
1963
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
Nov.
Dec,
Jan.
Feb.
Mar.
64
64
61
61
62
64
63
63
64
66
63
63
64
66
67
68
60
60
61
63
Apr
May
June
July
Aug.
Sept.
:
65
67
68
Ovmership of Federal secm-ities!
Distribution by classes of investors and types of issues
Net market purchases or sales for investment accounts handled by
the Treasury
Estimated ownership
58
58
59
61
62
63
65
61
61
62
64
66
67
69
70
62
62
63
65
71
69
65
67
69
64
62
69
70
65
66
67
68
69
70
64
65
62
63
67
69
71
66
64
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, 1964)
66
66
67
69
70
66
66
65
71
72
66
67
65
6b
72
73
66
67
73
68
67
74
68
:
,
78
75
Market quotations:
End-of-month closing quotations on Treasury securities by issues.
Chart - Yields of Treasury securi ties
75
77
Average yields of long-term bonds
Average yields of Treasury and corporate bonds by periods.
Chart - Average yields of Treasury and corporate bonds,,..
77
79
72
74
71
73
32
84
72
74
81
75
76
74
75
85
72
75
76
73
74
74
75
76
82
83
83
84
77
78
78
79
76
77
77
73
87
77
88
88
78
78
89
85
80
7Q
90
79
80
91
92
81
82
71
73
73
75
70
81
71
73
68
70
74
75
76
77
82
83
74
75
71
76
77
77
78
79
78
79
79
84
85
76
:
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, 196i)
80
81
81
82
83
80
31
85
86
87
77
77
73
79
76
Exchange Stabilization Fund (latest date June 30, 1964):
Balance sheet
U, S, stabili::ation agreements
Income and expense
82
80
81
81
77
78
78
83
83
National bank reports:
Earniags, expenses, and dividends for calendar years 1959-63
International financial statistics;
U. S, gold stock, and holdings of convertible foreign currencies
by U. S. monetary authorities
U. S. Treasury nonmarketabl e notes and bonds issued to official
institutions of foreign countries
U. S. monetary gold transactions (net)
Estimated gold reserves and dollar holdings of foreign countries
and international institutions
Liabilities to foreign official institutions and international and
regional organizations
Capital movements between the United States and foreign countries:
.
Summary by periods beginning 1946
Summary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Long-terra 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.
Estimated gold reserves and dollar holdings of foreign countries
and international institutions
Foreign credit and debit balances in brokerage accounts
Short-term liabilities, countries and areas not regulary reported. .
Purchases and sales of long-term securities by foreigners during
calendar year 1963
,
84
34
84
80
and certain other business-type activities:
"^ condition (latest date March 31, 1964)...
financial
of'"^"
expense (latest date December 31, 1963)
aonlication of funds (latest date December 31, 1963)
88
79
86
82
82
79
86
87
82
83
82
83
81
81
83
84
36
89
97
98
99
100
101
82
85
93
86
89
94
95
97
98
99
96
100
90
93
102
103
104
105
106
83
86
95
96
97
98
82
85
89
85
85
88
97
88
97
95
92
101
102
98
98
96
10 T
99
99
97
104
105
100
100
94
99
100
101
Foreign currencies acquired by the United States without purchase
with dollars:
Transactions and balances in Treasury accounts
Transactions and balances in agency accounts
Corporations
Sta'tements
Income and
Source and
84
88
103
103
103
109
99
120
109
110
86
89
98
99
100
101
102
101
102
102
104
94
97
106
107
108
108
128
'II
Treas.
HJ
U.S. Treasury Dept.
10
Treasury Bulletin
.A2
1964
C.2
\.
@FedFRASER