Full text of Treasury Bulletin : October 1965
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October 1965
Table of Contents
Page
Treasury financing operations
A-1
Summary of Federal fiscal operations
1
Ad'Tiinistrative budget receipts and expenditures.
2
Trust and other transactions
9
Consolidated cash transactions
14
Account of the Treasurer of the United States...
17
Debt outstanding
20
,
Statutory debt limitation
25
Public debt operations
26
United States savings bonds
59
Ownership of Federal securities
63
Treasury survey of ownership of Federal
securities
65
Market quotations on Treasury securities
69
Average yields of long-term bonds
72
Monetary statistics
74-
Exchange Stabilization Fund
77
International financial statistics
79
Capital movements
83
Cumulative table of contents
106
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 "Dally Statement of the United States
Treasury" and the "Monthly Statement of Receipts and Expenditures of the United States Government." Certain mone-
!
itures and Balances of the United States Government" and
for actual receipts and expenditures In the "Budget of the
United States Government."
tion Statement of United States Money."
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
ments are given as sources for individual tables, they are
cited by name only. Their respective reporting bases are
The transactions deducted consist of interest payments and
tary statistics are based at least In part on the "CirculaWhere these state-
the detail of both budget receipts and budget expenditures.
described below. For other data In the Bulletin, Information on sources or reporting bases Is given in connection
minor amounts of certain other payments made by Government
with the tables themselves.
accordance with the plan stated In the President's Budget
Message of January IS, i960. It does not affect the surplus
The monthly statement or receipts and expenditures
and replaced the
This reporting change was made In
agencies to the Treasury.
Figures for earlier periods shown In the Treas-
was first published for February 195'+,
or deficit.
dally statement as the primary source of Information on
budget results and other receipt and expenditure data
classified by type of account. At the same time, the
ury Bulletin were revised to the new reporting basis In the
dally statement was changed to a statement of cash deposits
and withdrawals affecting the account of the Treasurer of
the United States.
Both publications have provided compar-
ative figures on their respective bases from the beginning
of the fiscal year 1953.
The announcement of February I7,
1954, with respect to these reporting changes may be found
in the April 195!* Issue of the Bulletin.
The monthly statement shows all receipts and expendi-
September i960 issue. The Interfund transactions deducted
under this procedure do not include payments to the Treas-
ury by wholly owned Government corporations for retirement
of their capital stock and for disposition of earnings.
These capital transfers have been excluded currently from
budget receipts and budget expenditures beginning July 1,
194^,
and figures for prior fiscal years back through 1932
were revised accordingly at that time.
The daily statement on the new basis was first issued
for February 17,
195'*'»
I" the deposits and withdrawals as
Including those made from cash
shown, no distinction is made as to the type of accounts
accounts held outside the United States Treasury. The
Information Is compiled from reports by the Treasurer of
the United States and by all other collecting and dis-
certificates of deposit cleared through the account of the
Treasurer of the United States.
bursing agencies. Including those agencies which maintain
the basis of checks paid or cash disbursements made out of
tures of the Government,
checking accounts In commercial banks.
These reports cover
(budget, trust,
etc.).
The deposits are on the basis of
the Treasurer's account.
Total withdrawals are on
Some of the withdrawal classi-
transactions recorded In the accounts of the agencies
fications shown are reported on the basis of mailed reports
The net of the transactions
of checks issued and are adjusted by means of clearing ac-
during the reporting period.
as compiled from these reports Is reconciled In the monthly
counts to the total of checks paid.
statement to changes In the balance In the Treasurer's account and In cash held outside the Treasurer's account and
minor amounts, noncash interfund and other Intragovernmental
changes In the public debt outstanding.
daily statement also are on a "clearance" basis, with the
exception of those issuance and retirement transactions
Receipts of taxes and customs duties are reported on a
Other receipts are reported partially
collections basis.
on a collections basis and partially on a deposits basis.
Expenditures, except Interest on the public debt, are re-
ported on the basis of ohenka lesueri or cash payments made
by disbursing officers.
Transactions of an Interfund or
Intragovernmental nature are Included on the same basis
even though the actual Issuance of checks may not be Involved.
Interest on the public debt Is Included on an
accrual basis beginning with figures for June I955 and
the fiscal year 1955.
Prior to that, It was Included on
a due and payable basis.
The same reporting basis as that
In the monthly statement provides the fiscal year figures
for the Treasury's "Combined Statement of Receipts, Expend-
transactions are excluded.
Except for relatively
The public debt figures in the
reported on the basis of telegrams from Federal Reserve
Banks.
Noncash debt transactions are included, however.
The dally statement before February I7, 195*^^1 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
noncash interfund and other intragovernmental transactions.
It provided Information similar to that in the present daily
statement with respect to the status of the Treasurer's account, and similar to that In the present end-of-month dally
statement with respect to debt issuance, retirement,
amount outstanding.
and
Receipts and expenditures, however, were
classified by type of account, and the budget results shown
I
,
October 1965
III
Reporting Bases
In the daily statement were used as the basis for
reflecting
the results under the President s budget program as enacted
'
by the Congress.
Receipts were on the basis of deposits as they cleared
the Treasurer's account.
Expenditures cleared through the
were
reported on two successive
Treasurer's account
Through ig^+S they were on the basis of checks paid
bases.
by the Treasurer of the United States.
Beginning with
19*^7
expenditures made through the facilities of the Treasury
Department's Division of Disbursement were on the basis
of checks Issued, while certain others, principally those
of the Department of Defense and its predecessor organizations, were on the basis of checks paid.
Note:
Transactions han-
-
(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 igUg and on a checke-paid basis prior to that time.
The circulation statement reflects transactions through
the Treasurer's account which affect monetary stocks of gold
and silver and the amounts of coin and currency in the money
supply of the country.
It is issued later than the dally
statement, however, and the figures are based on transactions consummated during the reporting period even though
some may not have cleared the Treasurer's account during
that period.
details may not check to the totals shown.
Where calculations have been made from unrounded figures, the
.
October 1965
iUl
Treasury Financing Operations
Tax Anticipation Bills
The Treasury clarified its Autumn borrowing plans on
September 22 with the announcement that the bulk of this financing would be provided by a
.$4
billion tax anticipation bill
package that included $3 billion of March bills and $1 billion
petitive tenders for $200,000 or less (without stated price)
from any one bidder were accepted in
fuH
at the average price
of accept 3d competitive bids.
Payment for accepted tenders was required to be made or
completed on September 30, 1965, in cash or other immediately
of June bills.
Tenders were invited on September 22 for $3.0 billion, or
available funds or in a like
thereabouts, of 162-day Treasury bills and $1.0 billion, or
that date.
thereabouts, of 254-day Treasury bills.
f'lce
amount of bills maturing on
was not permitted.
Both series are des-
Payment by credit in Treasiiry tax and loan accounts
ignated Tax Anticipation Series and are dated October 11, 1965.
The new one -year bills are dated September 30, 1965, and
The 162-day bills mature March 22, 1966 and the 254-day bills
will mature September 30, 1966, when the face amount will be
mature June 22, 1966.
They will be accepted at face value in
payment of income taxes due on March 15, 1966 and June 15,
To the extent they are not presented for
1966, respectively.
payable without interest.
Issued in bearer form only, the
bills are in denominations of $1,000, $5,000, $10,000, $50,000,
$100,000, $500,000, and $1,000,000 (maturity valub)
this purpose the face amount will be payable without interest
at maturity.
Issued in bearer form only, the bills are in
denominations of $1,000, $5,000, $10,000, $50,000, $100,000,
13-Week and 26-Week Bills
New issues of regular weekly Treasury bills in September
totaled $11.0 billion, refunding an equivalent amount maturing.
$500,000, and $1,000,000 (maturity value).
Tenders for the March bills, on the basis of preliminary
The September bills consisted of five 13-week issues of $1.2
reports, totaled $4,052 million, of which $3,009 million was
billion each and five 26-week issues of $1.0 billion each.
accepted at the average bank discount rate of 3.783 percent.
bills carry 91-day and 182-day maturities.
Of the $2,209 million tenders received for the June bills, also
the new issues are shown in the table following.
on the basis of preliminary reports, $1,003 million was ac-
cepted at the average bank discount rate of 3.941 percent.
The
March bill acceptances included noncompetitive tenders for
$400,000 or less (without stated price) and the June accept-
ances included noncompetitive tenders for $200,000 or
l(=iss
(without stated price) from any one bidder at the average price
of competitive bids.
These amounted to $445 million for the
March bills and $201 million for the June bills.
The usual requirements for the submission of tenders applied.
Payment for accepted tenders in cash or other imme-
diatsly available funds was required to be completed on
October 11, 1965.
Any qualified depositary was permitted to
make payment by credit in its Treasury tax and loan account
for Treasury bills allotted to it for itself and its customers
up to the amount for which it was qualified in excess of
existing deposits.
One-Year Bills Refunded
Tenders wei-e invited on September 16 for $1.0 billion, or
thereabouts, of 365-day Treasury bills, for cash and in exchange for Treasury bills maturing September 30, 1965.
Tenders
totaling $2,970 million were received, of which $1,000 million
was accepted, including $57 million of noncompetitive tenders,
at the average bank discount rate of 4.236 percent.
Noncom-
13-week
(Additional amount of bills of
original maturity of 26 weeks)
The
Average rates for
Treasury Bulletin
i^2
Treasury Financing Operations
The new 3-month certificate, issued September 30, bears
interest at the rate of 3.983 percent and matures December 30,
1965.
As of Septembt:r 30,
the outstanding foreign series
securities totaled $l,0-iA million.
The new bonds of the for'ilgn currency series are denominated in Swiss francs.
One,
equivalent to $52 million, was
-
(Continued)
and matures October
7,
1966.
The other, equivalent to |30 mil-
lion, was issued September 27, bears interest at the rate of
^.23 percent and matures January 27, 1967.
At the end of
September foreign currency series outstanding totaled $1,259
million and were denominated in Austrian schillings, Belgian
francs, German marks,
Italian lire and Swiss francs.
issued September 7, bears interest at the rate of iV.lO percent
Note:
Details of Treasury market financing operations are shown elsewhere in this issue of the
Bulletin in the tables on
public debt operations.
|
.
October 1965
SUMMARY OF FEDERAL FISCAL OPERATIONS
(
Administrative budget
receipts and expenditures
Net
receipts
Expenditures
Surplus,
or
deficit
(-)
Fiscal years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
Net of
trust
and other
transactions
Net
increase
Clearing
account,
public
etc. 2/
debt, or
in
decrease
1/
(-)
39,544
43,970
65,303
74,120
67,537
64,389
66,224
68,966
71,369
80,342
76,539
81,515
87,787
92,642
97,684
96,518
-3,122
3,510
-4,017
-9,449
-3,117
-4,180
1,626
1,596
-2,819
-12,427
1,224
-3,856
-6,378
-6,266
-8,226
-3,474
,749
,262
738
518
157
709
516
,696
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
96,945
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
592
-7,088
-7,040
1,953
-6,306
-7,199
-6,672
-8,248
311
815
-41
101
739
-259
267
1,092
-691
10,095
3,400
7,131
8,803
7,815
3,776
7,784
8,289
1964-Jan
Feb
Mar
Apr
May
June
5,853
8,047
10,148
6,609
6,136
12,401
July
Aug
Sept
Oct
Nov
,422
i80
,287
671
In millions of dollars)
99
679
483
-214
-401
-250
-303
284
Net
increase in
Treasurer' s
account
balance, or
decrease (-)
Levels, end of period
Debt outstanding
Treasurer'
account
balance
Public
debt
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
5,561
2,047
1,839
-388
-2,299
2,096
-551
331
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
1,575
5,590
271 260
274, 374
272,751
270 527
9,749
5,350
8,005
6,694
10,430
12,116
11,036
12,610
276,343
284,706
286,331
288,971
298,201
305,860
311,713
317,274
-447
62
1,770
-1,488
4,232
4,295
6,064
4,577
603
-635
-117
179
355
622
828
83
1,015
5,180
151
-237
154
204
183
493
-576
-423
2,711
7,973
7,777
3,582
2,019
-4,141
-1,730
8,025
7,875
-581
5,952
7,301
5,877
8,594
256,708
259,419
267,391
275,168
273,750
280,769
276,628
274,898
282,922
290,798
290,217
296,169
303,470
309,347
317,940
2,279
-5,377
-652
514
155
93
135
76
402
204
-495
383
100
-193
1,773
1,132
2,933
-5,273
8,492
7,521
7,871
7,930
7,511
9,527
-2,639
526
2,277
-1,322
-1,375
2,874
-130
428
-357
392
-770
1,780
-767
-1,989
3,931
3,487
6,653
10,072
3,398
7,037
8,856
7,410
8,083
8,450
8,329
7,051
8,770
-3,923
-1,430
1,622
-4,930
-15
-40
66
-130
366
171
-188
5,642
7,518
11,188
8,549
7,268
13,377
7,676
7,146
8,139
8,268
8,116
9,081
-2,033
,'i20
,209
,850
,562
,550
,915
,763
,659
,409
,376
196-1
459
1965P
OU
Calendar years:
1950
1951
1952
1953
195i
1955
1956
1957
1958
1959
I960
,235
,877
,705
,654
938
,119
,616
1961
1962
1963
196i
Months
1963-Sept
Oct
Nov
U7
435
328
231
-194
195
633
-329
-50
-602
436
97
551
439
23
-698
234
729
168
522
-523
530
-6
-145
507
U8
196
741
-951
87
-106
-319
-209
-34
376
-21
224
109
-134
5,517
7,357
6,969
4,670
6,766
6,216
6,546
4,545
4,427
4,606
4,961
5,583
6,411
6,494
7,509
7,375
7,295
257,357
255,222
259,105
266,071
,
,
Guaranteed
securities
20
29
46
52
81
44
74
107
101
111
140
240
444
607
813
590
24
42
54
76
34
53
103
Total
Federal
Subject to
limitation
securities
1/
255,251
259,151
266,123
271
,
341
274,418
272,825
270,634
276,444
284,817
286,471
289,211
298,645
306,466
312,526
317,864
256,731
259,461
267,
275,
U5
2U
256,652
254,567
258,507
265,522
270,790
273,915
272,361
270,188
276,013
284,398
286,065
288,862
298,212
306,099
312,164
317,581
256,026
258,794
266,821
274,671
278,256
280,348
276,276
274,564
282,607
290,513
289,971
296,061
109
127
156
330
518
742
809
278,784
280,82?
276,731
275,002
283,031
290,925
290,373
296,499
303,988
310,089
318,750
307,328
307,147
308,933
310,089
306,962
306,781
308,567
309,724
104
M3,616
309,724
318,464
:
Deo
Deo
1965-Jan
Feb
Mar
Apr
May
June
p.
July
August.
Sept
.
.
. .
Fiscal 1966 to date
86
581
-41
607
-436
-674
372
3,049
280
64
193
146
972
-848
4,296
-577
-605
133
95
355
-530
2,906
1,520
41
26
2,851
-595
-ltd
377
-2b8
279
-8
244
47
,
-3,111
2,531
1,861
-2,571
2,215
2,735
4,264
6,795
8,656
6,085
8,300
11,036
308,577
310,357
309,590
307,601
311,532
311,713
762
793
818
802
835
813
309,339
311,150
310,408
308,402
312,337
312,526
308,975
310,786
310.045
308,040
311,975
312,164
-4,886
640
3,400
-4,498
2,412
-309
6,150
6,789
10,189
5,691
8,104
7,295
311,183
314,089
315,610
315,635
318,486
317,940
821
848
886
821
834
8j9
312,004
314,938
316,496
316,456
319,320
318,750
3U,643
5,745
7,942
9,231
9,336
10,816
12,610
317,983
319,883
317,697
316,557
319,213
317,274
664
318,646
320,575
318,416
317,213
319,823
317,864
318,361
320,290
318,131
316,929
319,540
317,581
3,486
7,627
316,582
318,240
474
502
317,056
318,742
316,773
318,460
;
,
197
1,289
105
1,480
i,7q5
306,U2
693
719
657
606
590
314,577
316,135
316,096
319,034
318,464
-4,124
983
-692
1,658
-1,493
1,010
8,637
316,748
522
317,270
316,988
-133
-526
-3,973
8,637
316,748
b2i
317,270
316,988
3,807
7,350
10,999
7,240
8,990
9,452
-3,434
-1,640
132
-57
1,059
1,548
-28
22,156
25,682
-3,526
212
59
900
-2,186
-1,140
2,661
-1,944
1
308,215
309,347
693
705
718
742
-1,550
181
-393
-903
387
306,635
760
2,105
9,783
4,510
5,270
7,375
Source:
Actual figures through the fiscal year 1952 and the calendar year
1953 are from the daily Treasury statement, and thereafter from the
monthly statement of receipts and expenditures of the Government ( for
explanation of reporting bases, see page II). More details for data on
this page are shown in succeeding tables.
1/ Excess of receipts, or expenditxires (-).
For detail, see pages 9-13.
2/ For checks outstanding and telegraphic reports from Federal Reserve
Banks; public debt interest accrued and unpaid beginning with June and
the fiscal year 1955 (previously included from November 1949 as interest
checks and coupons outstanding); also deposits in transit and changes in
cash held outside the Treasury and in certain other accounts beginning
with the fiscal year 1954.
Net increase, or decrease (-).
2/ For current month detail and list of acts, see section on "Statutory
Debt Limitation" in each issue of the Bulletin. The limitations in
effect during the periods covered by this table and the date when each
became effective are as follows: $275 billion on June 26, 1946; 1281
billion on August 28, 1954; $273 billion on July 1, 1956; $275 billion
on July 1, 1957; $280 billion on February 26, 1958; $288 billion on
September 2, 1958; $290 billion on June 30, 1959; $295 billion on
July 1, 1959; $293 billion on July 1, I960; $298 billion on July 1, 1961;
$30'^ bil$300 billion on March 13, 1962; $303 billion on July 1, 1962;
billion on
lion on April 1, 1963; $307 billion on May 29, 1963; $309
billion on
July 1, 1963: $315 billion on December 1, 1963; $324
June 29, 1964; and $328 billion on July 1, 1965.
Preliminary.
. .
. .
. .
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
(in millions of dollars)
Internal revenue
Income taxes
Fiscal year
or month
Individual
Corporation
Not
withheld
1/
Withheld
1/
Employment taxes
For old-age
Total
and
income disability
taxes
insurance
1/ 2/
For railroad retirement
^/
1957
1958
1959
1960
21,531
20,533
18,092
22,179
12,302
11,528
11,733
13,271
26,728
27,041
29,001
31,675
60,560
59,102
58,826
67,125
6,634
7,733
8,004
10,211
616
575
525
607
1961
1962
1963
1964
1965 p
21,765
21,296
22,336
24,301
26,130
13,175
14,403
14,269
15,331
16,820
32,978
36,246
38,719
39,259
36,833
67,918
71,945
75,324
78,891
79,781
11,586
11,686
13,484
15,558
15,846
1966 (Est.),
28,400
U,900
38,400
81,700
17,661 7/
1964-Sept..,
Oct
3,950
572
Nov. .
Dec. ...
U9
.
3,953
Budget
accounts
3,894
4,413
4,907
5,024
1961
1962
1963
1964
1965 p
5,725
5,957
6,267
6,817
5,666
1966 (Est.).
0,032
1964-Sept...
Oct
212
Nov.
. .
Dec
1965-Jan
Feb
Mar.
Apr.
-87
.
.
.
.
M.iy....
June p.
July...
Aug
Sept...
Fiscal 1966
to date.
.
1,916
2,035
2,187
2,416
2,7U
12,064
12,752
13,410
13,950
14,798
105,925
112,260
114,429
711
571
18,943
3,225
13,956
1
1
1,148
479
1,491
779
166
205
168
192
399
2,810
1,459
1,311
2,861
1,407
629
2,501
1,120
183
213
4,250
55
1
12
91
57
15
94
503
7
4
96
3
57
11
3
103
2
2,995
9,658
57
2
9,671
18,068
Refunds of receipts 2/
Internal revenue
applicable to
1957
1958
1959
I960
851
623
12.502
12,708
15,004
17,003
17,105
292
2,216
1.395 8/
1,291
2,762
1,348 8/
617
2.396 8/
1,061
Less:
Fiscal year
or month
345
458
948
1,181
4,294
5,302
6,647
3,207 8/ 10,894
1,091
8,130
5,371
6,587
2,946 8/ 11,910
1,299
2,368
5,377 8/ 6,022
2,952
.
4,074
80,172 6/
79,978 6/
79,798 6/
91,775
571
170
1
2
Miscellaneous
receipts
Total
internal
revenue
564
572
594
636
57
11
82
5,U5
.
Excise
taxes
1/
10,638
10,814
10,760
11,865
1,090
466
1,408 8/
723
Fiscal 196f>
to date.
and
gift
taxes
1,378
1,411
1,353
1,626
8,874
1,995
5,516
7,351
6,596
727
482
4,236
520
Estate
7,581
8,644
8,854
11,159
2,669
1,158
4,956 8/
2,969
2,506
872
928 8/
5,852
696
2,369 8/
362
li4 B/
2,427
607
473
6,759
1,187
Total
employment
taxes
330
336
324
341
2,255
264
112 8/
430
1965- Jan...,
Feb....
Mar. , .
Apr...
May...,
June p,
July..,
Aug...,
Sept..,
,
For unemployment
insurance
94,401
99, Ul
754
800
948
1,123
1,008
1,171
1,241
1,284
2,749
3,196
3,158
4,064
4,082
1,47;!
3,206
4,436
4,077
4,599
117,824
1,532
4,731
1,203
1,176
1,244
1,257
11,392
3,855
8,419
9,580
122
126
124
125
252
294
429
320
5,921
10,885
13,963
10,962
11,057
14,897
4,471
10,040
76
106
155
139
128
145
137
145
332
338
398
322
398
454
462
401
193
1,045
1,214
1,303
1,150
1,325
1,363
1,221
1,305
1,162
12,132
159
348
637
3,687
26,643
441
1,212
308
370
283
217
232
212
.
.
.
.
,
October 1963
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 2.- Detall of Miscellaneous Receipts by Major
Categories
(
Fiscal year
or month
Total
Interest
Dividends
and other
earnings
Realization upon
loans and
investments
In millions of dollars)
Sale of
S^le of
Governprodment
ucts
property
RecovRoyaleries and
ties
refunds
P'ees
Seigniorage
for
permits
nnd
licenses
Fees and
other
charges
for
services,
Fines,
Kent;
penalties
and forfeitures
Other
1/
etc.
1957
1958
1959
1960
2,7i9
3,196
3,158
628
745
438
674
601
506
967
1961
1962
1963
1964
1965p
4,032
3,206
4,436
4,077
4,599
942
877
765
955
1,068
1,111
805
743
860
984
1,397
328
328
587
436
266
322
343
114
1,012
182
154
200
130
135
371
1,076
752
498
79
387
345
325
392
312
304
350
374
343
263
263
330
342
370
409
482
45
69
113
90
93
96
114
121
124
131
77
331
416
49
49
59
53
54
57
U
53
55
58
160
161
133
93
111
325
94
14
11
89
11
13
437
79
4"
6
77
100
101
110
113
129
36
16
154
7
81
62
101
70
28
36
74
104
20
23
6
5
8
12
7
1966 (Est.)
4,731
921
1,577
310
135
156
497
363
112
137
1964-Sept..
Oct...
Nov .
Dec...
252
294
429
320
12
10
18
83
104
96
93
96
349
12
22
20
7
7
3
1
Zl.
1
9
9
4
15
8
25
74
-7
8
51
28
36
28
41
8
3
25
43
38
8
34
118
-8
10
11
11
9
5
8
4
1
18
12
12
10
5
15
5
2
-14
8
12
10
59
31
31
11
10
33
30
35
25
24
30
6
20
-24
9
9
-19
-12
14
.
196 5- Jan...
Feb...
Mar.
Apr
332
338
398
322
398
454
462
401
348
.
.
.
May
June p
July..
. .
Aug.
Sept
..
.
Fiscal 1966
.
to date.
1,212
97
41
11
2
37
30
106
54
48
-7
23
21
4
10
-20
7
93
142
136
148
146
152
148
157
169
21
10
193
474
79
45
9
20
103
96
94
93
35
8
20
20
13
43
84
40
38
13
33
75
26
1
13
11
13
12
14
9
14
1
9
I
17
1
14
11
1
55
26
26
107
50
1
11
9
14
35
4
1
15
13
11
35
Source:
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 11); and from the
monthly
statement of receipts and expenditures thereafter. Estimates,
including effect of proposed legislation, are from the
1966 Budget
Footnotes to Table
2/
V
1/
7/
2^
10/
11/
12/
Taxes on carriers and their employees under the Railroad Retirement
Tax Act, as amended (26 U.S.C. 3201-3233).
Tax on employers of 4 or more under the Federal Unemployment Tax Act,
as amended (26 U.S.C. 3301-3308).
Includes collections under increased rates in the Highway Revenue Act
of 1956 (see footnote 15).
Includes small amounts for taxes not classified.
Includes $600 million for hospital insurance for the aged.
Includes adjustments as follows:
Income taxes not withheld, November
-$5 million, March -$2 million, June +$36 million and August -$4 million; income taxes withheld, November +$27 million, March +$157 million,
June -J7 million and August -$202 million; transfers to Federal Old-Age
and Survivors Insurance Trust Fund, November -$24 million, March -$150
million, June -$74 million and August +$187 million; and transfers to Federal Disability Insurance Trust Fund, November +$2 million, March -$4 million, June -$5 million and August +$18 millionSee also footnote 11.
Interest on refiuids 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 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 (42 U.S.C. 401 (a)), and
are adjusted in later transfers on the basis of wage and self-employment
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 (42 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 fund on the same basis as transfers to the Federal Old-Age and
Survivors Insurance Trust Fund.
Rates of tax were increased by the
1/
document, released January 25, 1965.
Consists of miscellaneous taxes (principally the tonnage tax on forelpi
vessels entering U. S. ports), bullion charges, gifts and contributions,
under undistributed proceeds, sale of foreign currency.
Preliminary.
(Continued)
1
Ij/
14 /
15/
16/
»
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 Retirement Tax Act deposited
in the Treasury, less refunds, during each fiscal year (65 Stat. 222
and 66 Stat. 371) and transfers are made currently.
The Employment Security Act of 1960, approved September 13, I960 (42
U.S.C. 1101), established in the Unemployment Trust Fund, an administration account, and appropriated for credit to that account, beginning with fiscal 1961, amounts equivalent to taxes collected and
The tax receipts
deposited under the Federal Unemployment Tax Act.
are transferred currently on the basis of estimates by the Secretary
From that
of the Treasury, with later adjustments as necessary.
account is to be paid the administrative expenses of the employment
the corresponding amounts were Included,
security program. Previously
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 mot-.r fuels, motor vehicles,
that
tires and tubes, and use of certain vehicles, nnd provided
the
the amounts appropriated should be transferred currently to
Secretary of the Treasury
trust fund on the basis of estimates by the
made in subsequent transfers. Before
with proper adjustments to be
included in net
fiscal 1957 corresponding excise tax receipts were
included
budget receipts nnd Federal-aid highway expenditures were
In budget expenditures.
,
. j
,
»v
included In the
These transactions are
For content, see Table 4.
but are deducted
detail of both budget receipts nnd expenditures
from the totals ( see Reporting Bases, p. II)
Preliminary.
p
Less than $500,000.
Treasury Bulletin
,
ATMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
,
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
$Bil.
100
.
.
.
.
October 1965
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Agencies
(
In millions of dollars)
Defense Department
Legislative
Branch
Fiscal year
or month
1^57
1958
1^59
44
47
52
57
U7
,
1961
1962
1963
1964
1965p
97
99
118
126
134
153
,
lObC'
62
65
74
39
1965- January.
.
February
March
April
May
June p.
July
August.
September,
.
. .
.
.
Fiscal 1966
to date
Agriculture
Department
Civil
562 2/
645
382
539
38,439
39,062
41,233
42,824
639
733
807
498
7,330
594
676
686
757
44,677
48,205
48,252
49,760
46,178
6,357
810
42
87
49
4,115
4,081
4,109
1,764 3/
5,006
4,875
7,091
70
1,808
2,053
3,968
4,119
4,276
5,929
6,669
7,735
7,897
24
29
49
4,869
19
13
12
y
5,419
9
247
253
326
291
870
546
744
U
305
454
11
2U
14
299
322
524
51
73
73
902
971
999
1,128
1,153
1,234
3,685
4,215
4,909
5,498
5,739
801
1,029
1,124
1,205
47,900
1,337
7,776
3,907
3,936
3,726
4,174
120
122
107
111
493
482
417
509
77
79
89
102
95
137
495
482
314
541
547
534
96
541
121
125
402
787
343
1,730
1,112
839
49
934
2,472
166
12,033
477
309
313
494
981
15
18
y
349
521
75
67
50
Interior
Department
572
666
3,691
3,575
4,183
4,063
3,848
4,327
3,601
4,131
4,300
45
69
49
Health,
Education,
and
Welfare
Department
2,295
2,645
3,092
3,403
315
348
272
16
20
16
18
8
41
Commerce
Department
Military
10
11
56
56
193
^-September.
October. .
November.
December.
Funds
appropriated
to the
President
29
23
23
152
165
1966 (Est.)
19';
Executive
Office
of the
President
Judiciary
751
690
Justice
Department
Post
State
Office
DepartDepartment
ment 1/
Labor
Departs
ment
2U
413
229
250
258
1,016
518
674
774
567
179
206
272
247
549
525
8314/
914
357
620
257
370
430
797
770
578
800
1,174
377
565
714
416
137
114
91
108
27
29
28
38
73
95
74
45
42
34
78
85
99
80
97
138
128
29
26
29
30
27
30
37
23
113
29
378
9/.
908
284
294
317
328
88
43
53
23
31
67
80
258
307
408
347
380
33
-156
82
102
35
31
52
U.
28
22
-3
63
33
86
124
43
79
84
84
53
180
206
125
53
46
33
19
30
49
22
Treasury Department
Interest
Fiscal year
or month
On
public
debt 6/
1957..
1953..
1959..
I960..
7,244
7,607
7,593
9,180
1961..
1962..
1963..
1964..
196 Jp.
8,957
9,120
9,895
10,666
11,354
1966 (Est.)
57
2/
748
765
2,178
875
Federal
Aviation
Agency
8/
General
Services
Administration
.
1965- January , .
February.
.
.
August.
September.
Fiscal 1966
to date
.
.
1,990
2,268
2,541
2,623
441
508
68
74
88
77
987
985
1,059
1,193
1,306
2,713
2,806
2,758
2,765
2,624
638
698
726
751
795
387
445
11,500
1964-September.
October. .
November
December.
March
April
May
June p.
July
On
refunds
of taxes
Other
Atomic
Energy
Commission
82
1,280
2,530
750
927
923
917
955
9
10
6
7
38
141
225
238
207
230
966
933
961
948
955
997
1,000
966
966
7
100
102
2,931
74
69
76
83
95
117
ly
129
131
104
213
191
219
199
184
230
207
9
17
1'"J6
21
97
177
35
307
594
3
5
6
5
f,
9
98
111
Housing
and
Home
Finance
Agency
-23
199
1,152
309
National
Aeronautics
and Space
Adm. 9/
Other
independent
agencies
District
of
Columbia
10/
69,433
71,936
80,697
77,233
467
50
57
61
82,169
88,419
93,155
98,348
97,383
654
633
513
664
103
100,287
65
1
8,456
8,339
7,060
3,789
60
74
56
197
241
16
911 Ig/
940
4i51
744
1,257
2,552
4,171
5,094
5,401
5,392
5,173
5,478
5,438
794
937
293
72
66
593
632
502
739
410
328
244
159
715
614
454
5,100
4,649
113
46
42
162
-135
-136
437
466
364
494
167
130
39
57
386
387
406
435
81
77
407
423
461
529
448
477
458
450
475
208
482
-112
-140
466
173
61
56
59
71
-22
42
14
38
61
50
63
-23
34
145
48
61
60
-1
-103
65
66
433
508
427
482
66
58
159
489
179
182
121
1,398
J
interTotal by fund
agencies transactions
11/
26
25
31
28
4,805
5,098
5,232
5,250
570
425
359
408
956
224
-337
7,753
7,13c
8,141
8,277
8,208
567
355
694
Total
budget
expenditures
68,966
71,369
80,342
76,539
869
JV
81,515
87,787
92,642
97,684
96,518
600
99,687
6.
10
9
19
77
40
1V
8,450
8,329
7,051
8,770
7,676
7,U6
129
9,125
7,319
9,082
44
22
12
79
92
8,139
8,268
8,116
9,081
7,240
8,990
473
194
1
9,453
1
9,452
1,163
183
35
25,854
172
25,682
U9
1
-11
24
3
3
92
Guaranty Fund froo
Services Administration," and Informational Media
"Independent agencies: be"Funds appropriated to the President" to
from "Independent
Binning 1959, Federal Civil Defense Administration
Civil Aeronautics
fgencifs" to "Executive Office of the President,"
Clvli
agencies,
Board from "Commerce Department" to "Independent
Department"
^jj^ *^;:;»y'
Aeronautics Administration from "Commerce
Modernization Board from "Independent agencies" <'°/''%"''»^:"i J^I^j"""
Aeronautics from Independent
Agency," National Advisory Commission for
from
Administration:
agencies" to "National Aeronautics and Space
from December 1963, ^h^°"«^
fiscal 1960 through November 1962, and
appr<yri« ted to the President
M^rch 1964, military assistance from "Funds
beginning 1962, subscriptions to
t^ "Defend; Department, military,"
international institutions from "Treasury Oep^^^f^l"
1964 ,^^"8^ February
priated to the President," and from November
from "Executive Office of the
1965, "Office of Economic Opportunity"
President."
President" to "Funds appropriated to the
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
Later estimates
the 1966 Budget document released January 25, 1965.
contained in testimony of the Secretary of the Treasury before the
Receipts
Senate Finance Committee on June 15, 1965, are as follows:
$95.4 billion; expenditures $99.7 billion; and deficit $4.3 billion.
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 11; beginning 1958, Federal Facilities Corporation (remaining functions) from "Treasury Department" to "General
page.
Remaining footnotes on following
Source:
Less:
Veterans'
Administration
\ ^i'T""^
.
..
.
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 1/
Fiscal
year or
month
Total
1957.
1958.
1959.
I960..
1961..
1962..
1963..
1964..
1965p.
1966 (Est.)
456
557
342
682
Fiscal 1966 to date.
Conimod-
ity
Credit
Core.
TennesPanama
Canal
Company
24
3i
41
47
45
465
46
90
410
43
57
51
34
118
146
160
152
14-
9
9
10
14
11
27
11
134
12
640
620
499
648
869
851
330
186
199
459
t'.OO
53?
313
15
y
6/
7/
s/
Veterans'
Administration
4/
Under
Defense
Production
Other
6/
>ct^/
Reimbursement by
Panama
Canal
Company
-7/
1
24
3
14
19
30
42
4
4
7
23
35
7
6
8
6
154
125
8
13
12
31
32
40
47
49
36
38
26
15
Charges
for
audits
of
various
agencies
11
15
39
10
3
7
6
11
20
V-<
16
18
22
25
10
9
12
14
15
17
18
11
1
1^
1
9-?
41
20
20
1
172
172
73
20
Housing Administration.
Direct loan program.
By various agencies for programs under the Defense Production Act.
Consists of payments by the: Colorado River Dam Fund, Boulder Canyon
7/
Footnotep to Table 3
1/
4/
see
Valley
Authority
y
Source:
See Table 1.
1/ 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
(J
Small
Business
Admin.
340
421
181
65i
633
513
196i-September.
October. ,
November .
December.
1965-January
February
March
April
May
June p
July
August
September
Total
interest
ExportImport
Bank of
Washington 2/
Housing
and
Home
Finance
Agency
Consists of net expenditures of the Postal Fund, reflecting the change
in classification of Post Office transactions to a public enterprise
revolving fund basis, and beginning fiscal I960, payment for public
services
Beginning 1957, Federal aid for highways is excluded from budget expenditures and included in trust account expenditures (see Table 1),
Adjusted for reclassification.
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 1960,
approved September 13, 1960 (42 U.S.C. 1101); see Table 1, footnote 14.
Includes $258.8 million paid to the International Monetary Fund for the
additional United States gold subscription, authorized by an act approved
June 2, 1965 (see "Monetary Statistics," Table 3).
Reported on an accnial basis effective June 30, 1955.
Includes Reconstruction Finance Corporation except beginning July 1,
Under Reorganization Plan No. 2
1954, certain functions transferred:
of 1954 (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 Business Administration, and Secretary of the Treasury.
Established pursuant to the Federal Aviation Act of 1958 (49 U.S.C.
1341 (a)), approved August 23, 1958.
2/
IQ/
13/
Ig'
ly
iV
project; Virgin Islands Corporation; Bureau of Federal Credit Unions:
Civil Defense Program Fund; Farmers' Home Adminstration:
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 3, 1961; Informational Media Guaranty Fund beginning 1959; Federal Ship Mortgage Insurance FMnd beginning 1960; and St. Lawrence Seaway Development Corporation beginning I960.
For net cost of Canal Zone Govermoent, less tolls on Government vessels, and for part of treaty payment for use of Canal Zone.
Less than $500,000.
p
Preliminary.
-
(Continued
I
Established pursuant to the National Aeronautics and Sp^ce Act of
1958 (42 U.S.C. 2472 (a)), approved July 29, 1958.
Consists of Federal payment and loans ahd 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).
Effective January 1, 1957, the production credit corporations were
merged in the Federal intermediate credit banks, pursuant to the Farm
Cradit 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 Internationa'' Monetary Fii-i'l for
the additional United States subscription, authorized by an act approved June 17, 1959, consisting oi' $344 million in gold (see
"Monetary Statistics," Table 3) and $1,031 ruiUior. in special notes.
The special notes of the United States issued to international institutions are nonnegotiable and noninterest-bearing ard are payable on
demand. See also "Consolidated Cash Transactions," Table 2 and "Debt
Outstanding," Table 1.
Includes allowances of $107 million for Appalachia and $400 million for
contingencies.
Less than $500,000. p Preliminary.
October 1965
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures by Functions
(FiscRl years;
Function
code
number
Functions
in millions of dollars)
1961
1962
1963
41,215
1,609
2,623
43,227
1,449
2,713
48,252
1,721
2,758
2U
104
46,815
1,390
2,806
92
45,691
National defense
Department of Defense-Mil itary
Military assistance
Atomic energy
Defense-related activities
i960
47,494
51,103
52,755
217
1,381
137
1,327
216
1,927
158
1,653
249
2,130
197
1,726
346
1,826
1,779
:
051
057
058
059
Total national defense
International affairs and finance
Conduct of foreign affairs
Economic and financial programs
Foreign information and exchange activities
Food for Peace
24
;
151
152
153
15/1
Total international affairs and finance
201
3,064
3, '^54
4,301
4,151
Space research and technology
251
401
744
1,257
2,552
Agriculture and agricultural resources;
Farm income stabilization 2/
Financing farming and rural housing
Financing rural electrification and rural telephones
Agricultural land and water resources
Research and other agricultural services 3^/
351
2,370
289
330
368
3,093
234
303
426
4.04
293
2,345
349
301
397
324
3,954
352
353
35i
355
341
391
3,650
3,717
4,397
5,390
1,235
1,394
331
1,564
1,699
303
61
73
91
68
71
81
94
94
112
51
55
to
73
1,714
2,006
2,147
2,352
568
508
38
525
265
716
9U
781
654
33
797
271
427
59
67
74
808
672
41
770
366
101
84
1,963
2,573
2,774
2,843
-172
134
130
-44
150
162
-149
30
51
122
320
S15
510
2,061
2,170
304
327
3,690
4,244
327
332
286
143
Total agriculture and agricultural resources
Natural resources:
Land and water resources
Forest resources
Mineral resources
Fish and wildlife resources
Recreational resources
General resource surveys and administration
T(ital
iOl
i02
i03
405
409
natural resources
Commerce and transportation:
Aviation
Water transportation
Highways
Postal service
Advancement of business
Area redevelopment
Regulation of business
501
502
503
505
506
507
508
Total commerce and transportation
Housing and community development ;
Aids to private housing
Public housing programs
Urban renewal and community facilities
National Capital region
551
552
553
555
Total housing and community develooment
Health, labor, and welfare:
Health services and research
Labor and manpower
Public assistance
Economic opportunity program
Other welfare services
651
652
653
655
659
Total health, labor, and welfare
Education:
Assistance for elementary and secondary education 4.^
Assistance for higher education^/
Assistance to science education and basic research..
Other aids to education i/
701
702
703
704
569
36
Veterans' benefits and services:
Veterans' service-connected compensation 6/
Veterans' nonservice-connected pension 7/.
Veterans' readjustment benefits
Veterans' hospitals and medical care
Other veterans' benefits and services 7/
benefits and services
801
802
803
804
805
280
7
261
120
156
938
809
181
866
Total education
Total veterans'
220
65
68
74
943
2,049
1,265
725
961
266
2,034
1,532
5,266
5,414
559
1,030
259
300
342
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures by Functions
Source:
Expenditures for 1965 and 1966 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 1966 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.
1/ For expenditures by major functions for fiscal 1966 through September
Details
1965, and fiscal 19''>5 through September 1964, see "Note" below.
by functions are not available for publication in this issue but will
appear in the November 1965 Bulletin.
jScpenditures for 19f 5 and 1966 include those for specified research
projects applicable to function code 355.
These expenditures were
made from "Special Activities, Commodity Credit Corporation."
See footnote 2.
See footnote 5.
Expenditures for 1965 and 1966 include those for assistance for elementary and secondary education applicable to function code 701 and other
aids to education applicable to function code 704.
These expenditures
were made from "Defense Educational Activities, Office of Education."
Expenditures for 1965 and 1966 include those for veterans' nonserviceconnected pensions applicable to function code 802 and other veterans'
benefits and services applicable to function code 805.
These expenditures were made from "Compensation and Pensions, Veterans' Administration."
n
y
7/
Note:
-
—
(Continued)
See footnote 6.
p
Preliminary.
Expenditures by major functions, see footnote
1.
..
.
. .
. .
. .
.
October 1963
.TRUST AND OTHER TRANSACTIONS.
Table 1.- Summary of Trust and Other Transact lona
I,
Trust and deposit fund accounts
Net receipts or
Fiscal year
or month
expenditures (-),
from trust
and other transactions
In millions of dollars)
Excess of
receipts, or
expenditures (-)
receipts
1/
Net sale, or investment
C-), by Government
agencies in public debt
securities 2/
expenditures
1957..
1958..
1959..
I960..
195
633
-329
-50
1,363
329
-2,751
-870
14,301
16,153
16,769
20,342
12,938
15,325
19,521
1961..
1962.
1963..
196i.
1965p.
-602
i36
97
790
-851
1,428
23,583
24,290
27,689
30,331
31,055
1966 (Kst.).
-456
718
196i-September.
October. .
NovembHr.
December.
-130
28
366
171
-188
-1,062
737
-599
64
193
-1,191
1,563
09
1965-January
February
March
April
May
June p. .
.
.
.
.
July
August. .
September.
.
Fiscal 1966 to date.
212
-2,339
-597
1,130
-925
1,171
400
1,293
1,746
22,793
25,141
26,545
28,885
29,627
-855
-493
-2,069
-2,775
-2,362
-537
1,780
1,022
1,880
33,616
32,898
-1,994
822
1,994
1,224
2,928
1,966
1,U3
1,U6
551
1,966
2,286
2,191
2,565
-49
1,360
-691
550
-108
2,207
2,183
2,064
2,949
2,323
3,579
1,537
-1,353
-292
1,471
-3,597
-621
-282
-16
327
249
458
378
2,418
2,349
3,142
1,045
-2,515
1,210
473
-49
7,910
-260
439
U6
110
972
-577
-605
-748
2,562
-362
1,016
3,74b
2,175
2,201
4,885
3,217
59
182
-28
-1,001
2,223
-1.189
1,417
4,572
1.954
212
34
21
7,943
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 the 1966 Budget document released January 25, 1965.
Certain interfund transactions are excluded from both receipts and
expenditures beginning with the July 1961 issue of the Biilletin.
For details see Table 6.
Includes guaranteed securities (see Table 4).
Source:
1/
2/
Net sale, or redemption
(-), of securities of
Government agencies in
the market
,
1,372
67
125
-139
15
Note:
p
Figures in this table differ from those published prior to August
1963 for shifts in classification including security transactiona of
Government-sponsored enterprises from deposit fund account expenditures
to net investment by Government agencies in public debt securities, and
net redemption of agency securities in the market; and certain deposit
fund account receipts from net receipts to net expenditures.
Preliminary.
Table 2.- Trust Receipts
(In millions of dollars)
Fiscal year
or month
Federal
Old-Age and
Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust
Fund
Railroad
Retirement
Account
National
UnemService
ployment
Life InTrust
surance
Fund
Fund
Government
Life
Insurance
Fund
1957..
1958..
1959..
I960..
7,101
7,824
8,109
10,360
1961..
1962.
1963..
1964.
1965p.
11,824
12,011
13,856
16,043
16,417
1966 (Est.)....
17,553
1964-September.
October. .
November.
December.
1,028
455
1,591
894
78
88
76
1965-January .
February
99
2,312
1,296
1,219
2,997
1,466
8
15
155
105
100
81
102
6U
161
36
43
40
37
221
-1
97
222
122
622
87
242
901
11
112
96
96
904
46
2
2,672
965
43
174
103
1
84
39
39
4,218
320
219
1,084
Federal
employees'
retirement
funds
124
.
,
March
April
May
June p.
.
.
July
August
September
Fiscal 1966 to date.
581
transactions
Net
trust and
other
receipts
1/
1,482
2,044
2,088
2,541
681
638
535
711
14,311
16,164
16,904
21,250
668
664
658
661
665
58
54
52
50
49
2,033
2,086
2,255
2,465
2,674
2,800
2,955
3,293
3,540
3,669
778
890
1,546
1,402
1,495
24,097
24,818
28,193
30,852
31,684
3,982
665
47
2,747
3,954
1,825
34,215
95
148
41
1
1
2U
468
1
247
175
172
326
39
37
180
42
2
191
337
281
107
153
121
248
2,016
1,234
2,938
1,991
22
10
9
26
1,994
1,224
2,928
1,966
2U
U
2
184
163
195
194
173
619
296
308
287
271
293
348
167
62
103
129
165
1,028
3,757
2,199
2,211
4,891
3,702
12
11
25
485
1,016
3,746
2,175
2,201
4,885
3,217
188
200
243
333
419
335
120
153
112
4,674
1,978
4
102
24
1,417
4,572
1,954
631
1,088
386
8,073
130
7,943
1,2a
3,803
3,985
4,261
4,288
4,132
1,455
1,387
79
35
122
92
19
Less:
Interfund
1,397
1,458
1,741
1,766
1,051
1,081
1,128
1,192
1,342
13
1/'
Total
trust and
other
receipts
69
67
63
61
1,912
1,855
1,997
2,703
1,083
1,092
1,145
1,211
Other
trust
receipts
608
640
634
643
723
695
758
1,403
339
943
929
1,062
Highway
Trust
Fund
V
Source:
See Table 1.
1/ Includes principally District of Columbia receipts from taxes and
from Federal contributions, loans, and grants; funds appropriated to
the President - military advances under foreign assistance programs
and mutual security trust funds; certain Department of Agriculture
receipts; Indian tribal funds; increment resulting from reduction in
the weight of the gold dollar; and the Railroad Unemployment Insurance Administration Fund through November 1958 (for treatment after
November 1958, see Table 10, published quarterly).
2/ For content see Table 6.
These transactions are included in the detail
of both trust receipts and trust expenditures, but are deducted frcm
the totals.
3
1
1
34
1
87
1,421
908
14,301
16,153
16,769
20,342
515
528
505
521
23,583
24,290
27,689
30,331
10
11
135
629
y
31,055
599
33,616 1/
11
6
5/
Excludes certain interfund transactions consisting mainly of financial
interchanges between trust funds resulting In receipts and expenditures
(see footnote 2)
Beginning fiscal 1961, tax receipts under the Federal Unemployment Tix
UnAct are transferred currently to an administration account in the
employment Trust Fund pursuant to the Qnployment Security Act of 1960,
approved September 13, I960 (42 U.3.C. 1101 (b)); see "Administrative
Budget Receipts and Expenditures," Table 1, footnote 14.
Includes $600 million for hospital insurance for the aged.
p
Preliminary.
2/
i/
.
.
.
Treasury Bulletin
10
.TRUST AND OTHER TRANSACTIONS.
Table 3.- Trust, Deposit Fund, and Government -Sponsored Enterprise Expenditures
(
negative figures are excess of credits)
In millions of dollars;
Trust and deposit funds
Federal National
Mortgage Association
Government
Life
Insurance
Fund
Federal
employees'
retirement
funds
Highway
Trust
Fund
515
544
562
582
86
120
80
83
591
699
792
896
966
1,512
2,613
2,945
4,734
3,906
3,815
3,707
3,130
707
626
747
94
96
585
548
79
72
71
955
1,063
1.183
1,326
1,446
2,620
2,784
3,017
3,645
4,027
1,248
3,345
439
63
1,626
3,875
93
32
33
29
29
5
118
120
118
119
441
436
400
93
210
165
251
280
116
122
116
122
122
150
104
103
95
104
100
95
308
296
429
279
212
247
191
34
36
32
30
5
269
216
252
211
229
359
114
9
-19
27
-2
3i
119
119
125
124
124
127
2
17
8
9
122
121
97
34
6
100
158
208
29
4
127
130
337
331
-3
-21
18
24
2,114
191
107
204
31
5
4,758
434
304
57:
95
National
Service Life
Insurance
Fund
Unemployment
Trust
Fund
Federal Old-Age
and Survivors
Insurance Trust
Fund
Federal
Disability
Insurance
Trust Fund
1957
1958
1959
i960
6,665
8,041
9,380
11,073
682
730
778
1,136
1,6U
181
361
561
1961
1962
1963
1964
1965P
11,752
13,270
15,285
15,962
746
1,089
1,259
1,341
1,498
1,124
1,135
1,112
1,139
1,185
1966 (Est.)
18,629
1,748
1964-September
October
November
December
1,286
1,282
1,275
1,230
112
111
112
193
100
101
1965-January
Februnry
March
April
May
June p
1,290
1,308
1,320
1,322
1,323
1,730
1,324
1,319
Fiscal year
or month
1
U,530
July
August
September
Fiscal 1966 to date.
Railroad
Retirement
Account
Trust and deposit
funds-( Continued)
Fiscal year
or month
1957..
1958..
1959..
I960..
Deposit
funds
Other
trust 3/
(net)
Total
trust and
deposit funds
3,148
3,054
2,736
5
4
5
17
5
6
5
5
Federal
home loan
banks
41
3
-42
42
-16
66
42
Federal
Deposit
Insurance
Corporation
ly^
Other
operations
924
102
176
946
-73
317
-730
-104
53
178
-134
137
-16
-110
-4
15
13
-2
17
129
469
-104
54
38^
Government-sponsored enterprises (net)
Farm
Credit
Administration 5/
383
Financing
by Treasury
1,137
-129
97
4,^
Total
Total
trust
and
other
expenditures
Less:
Interfund
transactions 6/
Net trust
and other
expenditures
711
216
-31
-51
-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
205
23,546
24,577
26,365
27,549
28,877
396
374
483
468
899
-487
872
363
1,572
660
-148
-154
-161
-183
-180
-239
1,092
685
1,857
1,379
23,308
25,669
27,050
29,406
30,256
629
29,627
33,099 8/
460
150
-212
398
33,497
599
32,898 8/
13
6
-5
-10
-3
11
-33
-165
346
1,988
2,296
2,201
2,591
22
10
9
26
1,966
2,286
12
58
4 80
2,218
2,194
2,089
2,959
2,329
4,064
2,207
2,183
2,064
2,949
2,323
3,579
503
146
-33
2,422
2,451
3,167
4
102
2,418
24
3,142
616
8,040
130
7,910
565 7/
915 :v
672 2/
1961..
1962.
1963..
1964..
1965p.
•^35
-?44
1,208
1,05;
1,148
146
-567
-233
1966 (Est.)
1,397
30
57
134
105
102
-247
30
-U8
1964-September.
October. .
November
December.
.
1965-January.
February
March
April
May
June p.
.
.
.
July
August
September
Fiscal 1966 to date.
1,977
2,329
2,366
-9
37
-66
-33
364
2,2U
-117
-14
-10
154
116
162
70
223
-217
-151
-151
469
-29
-94
-4
3
-14
110
196
-75
-112
1)
575
2,474
2,284
2,127
2,333
2,271
3,578
73
159
IJ?
-37g
-99
-104
1,919
2,305
3,200
83
183
-27
420
343
-580
7,424
239
406
97
-176
201
.
-201
-8
-95
Source: See Table 1.
1/ Secondary market operations, as provided in the Housing Act of 1954,
approved August 2, 1954 (12 U.S.C. 1719). Funds provided by the
Treasury (-), or repaid to the Treasury, are shown in a separate
column (and correspondingly are reflected net in budget expenditures).
2/ See Table 2, footnote 4.
2/ Includes principally District of Columbia operating expenditures; F\inds
appropriated to the President - military advances under foreign assistance programs and mutual security trust funds; Indian tribal funds;
expenditures chargeable against increment on gold; and trust enterprise
funds (net). The Railroad Unemployment Insurance Administration Fund
is Included through November 1958 (see Table 10, published quarterly),
the Employees' Life Insurance Fund (net) and the Employees' Health
Benefits Fund (net) beginning 1961.
-5
265
-9
-23
-5
5/
6/
7/
8/
P
-29
-256
-90
-38
626
135
908
12,938
15,325
19,521
21,212
515
528
505
521
22,793
25,141
26,545
28,885
10
11
11
25
11
6
485
2,191
2,565
.-,349
Previously shown as deposit funds (see Table 1, Note).
Includes banks for cooperatives. 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.
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.
Total includes $20 million for hospital insurance for the aged.
Preliminary.
.
.
.
.
October 1965
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
1957
1958
1959
1960
1/
Total
trust
accounts,
etc. 1/
2,339
597
2,302
506
-1,130
925
-1,232
1961
1962
1963
196i
1965P
855
493
2,069
2,775
707
1966 (Est.)
Federal
Old-Age and
Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
Railroad
Retirement
Account
National
Service
Life
Insurance
Fund
Unemployment
Trust
Fund
325
729
552
494
36
-33
-35
264
274
-1,255
-1,011
-41
-78
-63
-952
1,782
2,412
2,327
-225
-1,089
-821
692
461
285
-129
-139
-263
1
456
-44
44
-90
2,362
69
149
573
967
1,994
1,537
-1,096
-338
142
49
-1,360
691
-550
1964.-Sept ember
220
-499
-1,290
-726
76
760
301
21
1965-January
February
March
April
May
June p
-1,066
b08
-b54
-880
266
-253
-93
-29
-78
-1,612
1,294
255
-1,362
3,737
471
-1,245
776
88
-818
2,227
-20
-105
120
27
-1,045
2,515
-1,210
-1,108
2,446
-1,20-
-911
1,295
-1,119
260
132
-735
292
July
August
September.
Fiscal 1966
to date
. .
871
69
126
1,063
1,034
1,075
1,126
225
-15
1,109
46
6
-3
-3
-4
-2
128
-90
-160
-141
-35
-15
-4
-5
65
36
93
-3
-4
28
46
67
71
47
485
-3
-5
-2
66
63
117
-23
-47
13
251
-53
441
10
6
7
-141
-92
-7
558
-99
48
-103
-82
-6
-1
-76
687
-68
9
10
-155
-89
14
5
6
4
8
190
Trust accounts, etc.-{ Continued)
233
202
242
-69
-344
1,2U
55
55
67
543
-3
-74
127 2y'
-24 2/
-3 2/
45
-35
-44
-25
-22
-22
-227
379
-286
-207
844
-115
7
Other
trust
accounts,
etc. 1/
H ighway
-96
-59
245
-81
-92
-23
-1,471
803
671
958
Trust
Fund
404
418
-393
-428
retirement
funds
617
-86
-19
-12
-1,537
1,353
Federal
employees'
-16
-56
-17
-21
95
76
62
72
2
3,597
621
October
November
December
Government
Life
Insurance
Fund
27
93
301
70
-33
586 2/
165 2/
122
-45
94
115
-15
17
45
129
-662
19
81
63
-27
12
347
82
Public enterprise funds
Government-sponsored enterprises
Fiscal year
or month
Total
Governmentsponsored
enterprises
Banks
for
cooperatives
1/
1957..
1958..
1959..
I960..
30
771
43
72
October
November.
December.
1965-January . .
February
March
April
May
June p. .
.
.
I
287
-122
612
-141
-104
Federal
intermediate
credit
banks 3/
July
August
September.
Fiscal 1966
to (iate
Federal
Housing
Administration
36
1
105
1
2
-5
-2
-2
1
78
91
102
166
51
149
191
287
363
35
3
1
212
50
-31
29
273
-361
-6
-25
27
263
-364
-27
-294
84
104
-31
-64
335
-375
297
75
60
36
-109
-140
150
5
10
3
-2
29
30
339
94
-370
312
5
14
8
2
4
-370
290
8
-.3
-370
259
62
97
-32
36
138
-193
1
29
Source:
See Table 1.
1/ See Table 1, Note.
See also Table 3,
2/ Includes Federal intermediate credit banks.
footnote 7.
Includes $500 million for hospital insurance trust fund.
3/
'./
1/
•
Tennessee
Valley
Authoriity
-85 1/
25
6
14
15
13
19
17
18
8
42
-27
-64
34
229
269
244
9
208
12
335
45
14
51
-12
-29
-10
18
18
22
-18
19
45
-51
13
8
5
-B
4
-4
1
16
4
19
49
56
-3
3
-1
13
52
17
1
7
30
-57
-6
198
15
18
-3
10
-17
1
18
-8
-13
52
2
3
e
-1
18
4
-61
-IIQ
-50
128
-116
Federal
Savings and
Loan Insurance Corporation
-236
48
100
b9
-4
-3
Federal
National
Mortgage
Association ^^
68
53
457
I
I
Total
public
enterprise
funds
263
1966 (Est.)
p
tederal
land
banks
-67
346
-299
102
148
154
161
183
180
434
1964-Septeraber.
\
Federal
home
loan
banks
104
115
124
134
39
460
-70
239
1961..
1962.
1963..
1964.
1965p.
Federal
Deposit
Insurance
Corporation
33
Act
Management and liquidating functions as provided by the Housing
Investment inof 1954, approved August 2, 1954 (12 U.S.C. 1721).
cludes guaranteed securities.
also footnote 4.
Includes net transactions in guaranteed securities. See
Less than $500,000. p Preliminary.
.
f
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 thf United Stat
Securities guaranteed by the United States
Public enterprise funds
Fiscal year
or month
Total 1/
Total
guaranteed
Federal
Farm
Mortgage
Corporation
Federal
Housing
administration
-1,171
-400
-1,293
-l,7i6
1961
1962
1963
196i
1965p
,
-33
6
-10
-29
-100
-204
Home
Owners'
Loan
Corporation
D.
Total not
guaranteed
1/
T.
stadium
fund
-81
-204
-162
-206
223
-1,780
-1,022
-1,880
-1,372
6
-10
-23
-162
-206
223
92
92
-38
66
-13
146
-133
-112
115
145
-29
-27
62
51
16
145
-29
-27
62
116
-28
-20
-131
-445
68
-507
139
16
,
Loan
Corporation
-914
-38
66
-13
25
282
1965-January
February
March
April
May
June p
Owners'
797
108
-67
-125
1964-September
October
November
December
Home
-233
633
-1,576
-860
-1,674
-1,595
-19
-822
1966 (Est.)
Federal
National
Mortgage
Association 2/
-1,137 2/
-406
-1,283
-1,717
-33
537
1957
1958
1959
1960
Public enterprise funds
Trust
enterprise
fund
-327
-249
-458
-378
July
August
September
-15
-473
49
-439
137
45
-301
-312
-509
-394
51
16
116
-28
-20
Fiscal 1966 to date
25
68
Securities not guaranteed by the United States- (Continued)
Fiscal year
or month
Public enterprise
funds - (Cont.)
Tennessee
Valley
Authority
Government-sponsored enterprises
Trust enterprise funds
Federal
Intermediate
credit
banks
^
-238
-225
Federal
National
Mortgage
Association 5/
Banks
for
cooperatives
Federal
home
loan
banks
Federal
intermediate
credit
banks
^
Federal
land
banks
-230
-95
-242
-250
-994
1957..
1958..
1959..
I960..
53
-50
-95
-46
-20
-86
-46
-554
-284
-340
-144
-52
-48
-29
-39
-189
200
-750
-975
-1,431
-556
-124
-132
-278
-182
-U7
-220
-192
-174
-248
-559
-52
-200
-228
-181
-68
1
72
178
62
16
-53
27
18
-9
248
215
-184
-94
-300
-273
-41
-63
-72
-88
-96
-10
48
-23
-50
-251
2
12
41
-21
-289
-950
-115
-125
1961..
1962..
1963..
1964..
1965p.
-35
-45
86
-359
597
262
-99
1966 (Est.)
-75
-178
126
1964-Septomber
October.
November
December
.
-39
-62
-48
6
.
100
1965-January...
February
March
April
May
June p.
-122
-15
.
.
12
-136
.
-1
-56
-35
Fiscal 1966 to date.
-104
101
.
July
August. . .
September.
3
-15
-15
Source: See Table 1.
1/ See Table 1, Note.
2/ Management and liquidating functions.
2/ Total Includes Federal intermediate credit banks which were classified
as (ubllc enterprise funds prior to January 1, 1957, as trust enterprls
191
282
V
^
*
38
-225
1
1
10
-129
-117
-117
-84
-81
22
-81
-143
-80
I)
1
funds January 1, 1957 to January 1, 1959, and as Government-sponsoree
enterprises thereafter.
See footnote 3.
Secondary market operations.
Less than $500,000. p Preliminary.
October 1965
13
.TRUST AND OTHER TRANSACTIONS.
Table 6.- Interfund Transactions Excluded from Both
Net Trust Account Receipts and Net Trust Account Expenditures
(In millions of dollars)
Fiscal year
or month
Federal
Old-Age and
Survivors
Insurance
Trust Fund 1/
Federal Disability
Insurance
Trust
Fund 1/ 2/
Railroad
Retirement
Account
1/2/
Un employment
Trust
Fund 4/
Federal
employees'
retirement
funds ^/
District
of
Columbia 6/
1957
5
3
1958
1959
1960
1961
1962
1963
196i
1965 p
2
124
600
332
361
A23
403
436
9
10
10
6
13
22
22
27
1966 (Est.)
411
23
Alien
property
activities 7/
1
86
32
37
9
47
58
90
13
15
17
515
528
505
521
629
50
82
33
599
2/
2/
22
10
21
26
9
11
12
11
25
11
9
24
436
See Table 1.
Payments are made between the Railroad Retirement Account and the
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 Insurance Trust Punf for administrative expenses.
Includes temporary advances to the Railroad Unemployment Insurance
Account in the Unemployment Trust Fund when the balance in the account
is insufficient to meet payments^ of benefits and refunds due or to
become due.
6
485
25
24
4
95
102
95
130
24
23
23
Fiscal 1966 to date.
Source:
908
12
12
21
July
August
September
2/
ID
11
135
211
132
101
38
35
196i-September
October
November
December
1965-January
February
March
April
May
June p
Total
4/
^/
6/
7/
*
p
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
Fund, and advances to National Park Service.
Transfers to the Foreign Claims Settlement Commission.
Less than $500,000.
Preliminary.
Treasury Bulletin
u
•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 1966 in Special Analysis A).
payments are made.
Shown also is the anajnt of net cash borrowing 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 comparable with current Budget classifications as available data will permit.
For this reason certain of the figures
differ somewhat from those published in previous Budget doccuments 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 Urdted States.
Receipts and payments include transactions
both in administrative budget accounts and in trust and deposit
fuM
accounts.
Major intragovemmental transactions which are
reported as both expenditures and receipts are excluded from
These items consist of certain interest
issuance of a feu 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 borrowing 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 borrowing 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.
.
,
.
.
.
..
.
.
October 1965
15
CONSOLIDATED CASH TRANSACTIONS'
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
Federal receipts from the public
IntragovemFiscal year
or month
Administrative budget
receipts
(net)
Fiscal year:
1957
1958
1959
1960
70,562
68,550
67,915
77,763
77,659
mental and
other
noncash
transactions
(See Table 2)
Trust
receipts
(net)
Less:
Total
Federal
receipts
from the
public
86,376
89,459
93,044
1961
1962
1963
1964
14,301
16,153
16,769
20,342
23,583
24,290
27,689
30,331
31,055
-3,834
-4,326
-4,259
-4,415
10,072
3,398
7,037
8,856
1,994
1,224
2,928
1,966
-327
-278
-249
-566
1965p
1964-September
October
November.
December.
.
.
. .
.
1965-January
February .
March
April
May
June p
July
August
September.
.
.
5,642
7,518
11,188
8,549
7,268
13,377
3,807
7,350
10,999
1,016
3,746
2,175
2,201
.
.
Fiscal 1966 to date
22,156
(net)
82,105
81,392
Fiscal year:
1957
1958
1959
I960
-2,224
5,816
8,363
1,625
1961
2
1962
1963
1964
1965p
9,230
7,659
5,853
640
5,561
12,938
15,325
19,521
21,212
22,793
25,141
26,545
28,835
29,627
-1,899
-3,222
-5,111
-3,423
-4,766
-5,266
-5,436
-6,237
-3,776
4,344
9,716
10,256
8,450
8,329
7,051
8,770
1,966
2,286
-1,016
-298
2,191
2,565
-453
1..954
-272
-37
-298
-257
-296
-1,288
-242
-328
-354
6,387
11,227
13,065
10,492
11,857
15,336
4,981
11,595
12,599
7,676
7,146
8,139
8,268
8,116
9,081
7,240
8,990
9,452
2,207
2,183
2,064
2,949
2,323
3,579
2,418
2,349
3,142
7,943
-925
29,175
25,682
7,910
-507
1,417
4,572
-2,811
-3,025
-3,027
-4,001
81 ,660
95,078
97,242
101,865
109,739
115,530
119,685
Cash borrowing from the public, or repayment
Net sales
of Government agency
securities i
market 1/
1
,171
400
1,293
1,746
-537
1,780
1,022
1,880
1,372
1,520
26
2,851
-546
-108
67
1965-January.
February
March
April
May
June p .
July
August. .
September,
42
-282
-16
327
249
458
378
.
.
.
.
.
Fiscal 1966 to late.
1,900
-2,186
-1,140
2,661
-1,944
-692
1,658
Excess of cash
receipts from,
or payments
to (-),
125
-139
Net in-
vestment
in securities by
Government
agencies 2/
Noncash
debt
transactions
(See Table 2)
292
200
-2,160
-597
-536
-923
-3,392
5,619
10,785
-49
1,360
-691
550
1,363
1,453
2,285
-135
-82
-16
-153
1,537
-1,353
-292
1,297
-110
-60
43
-57
1,471
-3,597
-621
-1,493
1,045
-2,515
1,210
-526
439
-260
Source:
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 1966 Budget document
released on January 25, 1965. Later estimates contained in testimony
of the Secretary of the Treasury before the Senate Finance Committee
on June 15, 1965, are as follows: Receipts $95.4 billion; expenditures J99.7 billion; and deficit $4.3 billion.
2,U6
1,248
10,517
6,612
4,958
4,572
531
-2,151
580
-478
-2,186
367
-383
-332
-348
1/
2/
3/
P
-1
,033
-1,099
-267
122
80,006
83,472
94,752
94,328
99,542
107,662
113,751
120,332
122,369
2,099
-1,580
-13,092
750
-2,300
-5,797
-4,012
-4,802
-2,684
9,400
10,317
9,398
10,882
2,339
-5,973
318
-626
-2,722
37
9,109
9,606
9,566
10,476
10,567
11,535
9,696
960
-1,504
12,299
11,090
156
-774
277
-637
-741
128
-1,125
(-
-2,339
-597
1,130
-925
-855
-493
-2,069
-2,775
-2,362
473
-49
15
Total
securities
held by
the public,
increase, or
decrease (-)
the
public
33,085
4,885
3,217
1964-September.
October.
November.
December.
.
Total
Federal
payments
to the
public
68,966
71,369
80,342
76,539
81,515
87,787
92,642
97,684
96,518
Plus:
Public
debt increase, or
decrease (-)
mental and
other
noncash
transactions
(See Table 2)
Trust fund
expenditures (net)
Change in securities held by the public
Fiscal year
or month
Equals;
IntragovemAdministrative budget
expenditures
11,739
81 ,i09
-2,758
Federal payments to the public
Total
cash
borrowing
from the
public,
or repayment (-)
-3,100
5,320
8,626
1,848
712
9,594
5,579
3,859
4,304
Plus:
Seigniorage
1/
1,621
3,499
16
1,290
3,771
-4,714
-705
1,509
-3,910
Cash balances,
Equals:
net increase, or
decrease (-)
Treasurer's
account
Cash held
outside
the
Treasury
49
59
U
53
55
58
45
69
113
1,280
1,437
2,132
-13
9
9
1,187
11
471
n
-2,108
13
7
-956
4,159
-4,399
2,654
-1,311
3,736
1,636
5
ToUl
changes
in the
cash
balance
-952
4,299
-4,422
1,575
140
-23
-4
-222
118
-74
206
158
3,405
-4,498
2,412
-809
226
-30
46
178
-1,550
2,197
1,289
25
-95
975
1,598
-4,388
-1,073
-1 ,080
116
2,651
-1,533
3,854
1,611
^74
1,733
3,626
528
2,459
-630
-'.,
-1,525
2,101
1,405
552
523
13
105
12
14
1,480
1,795
9
14
-4,124
-358
447
-504
-197
-263
-215
-46
-327
-2,187
318
-383
-378
26
1,010
148
1,157
-95
-443
50
-3,973
-330
-4,303
15'
»
-50
See "Trust and Other Transactions", Table 5, for net sales and
redemptions of Government agency securities in market.
See "Trust and Other Transactions", Table 4, for net investnents In
public debt and agency securities.
the gold
Includes increment resulting from reduction in the weight of
cash
dollar; excluded from receipts from the public but included in
deposits in the Treasurer's account.
Preliminary.
.
.
Treasury Bulletin
16
•CONSOLIDATED CASH TRANSACTIONS
Table 2.- Intragovernmental and Other Noncash Transact lonp
(
In rcillions of dollars)
intragovernrcen*al r.ransactions excluded from both receipts and payrat^nts
Fiscal year
or month
Interest
on trust
fund
investments
Fiscal year:
1957
Civi. "jrvice retirement 1/
FayrcJ"!
deductions
for employees
Employers
share
Federal
paymen ta
to District
of Columbia
')6
525
579
744
74a
338
845
1,042
914
973
1,042
102
1,S55
l,03i
1,034
U9
11
94
84
94
660
lU.
1963
196i
,.'.67
91.'.
/03
97?
19t'ip
,759
1959
19'!0
19tl
19f>2
lU
?i.5
1966 (Est.)
1964-September.
October
November. ,December. .
.
.
41
57
.
Fiscal 1966 to date
133
"5
54
^3
84
17
50
11
81
81
2
93
.
1965-January
February. ,
March
April
May
June p
July
August
September ...
15ff
74
102
'-..'.J
3i2
,515
,327
,iDi
195''
Other 2/
93
4
89
76
95
93
19
55
80
89
76
95
93
80
1,080
6
89
89
90
89
89
90
91
91
i2
65
11
81
4
4
-8
26
7
24
15
6
45
207
)
.
.
,
October 1965
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 expenditures but also
trust,
the same bank.
On occasions, to the extent authorized by the
Treasury, banks are permitted to deposit In these accounts
proceeds from subscriptions to public debt securities entered
for their own account as well as for the account of their
deposit fund, and public debt transactions.
The working cash of the Treasury
is held mainly In
customers.
Treasurer's accounts with Federal Reserve Banks and branches.
As the balances In these accounts become depleted,
they are
The tax and loan account system permits the Treasury
restored by calling In (transferring) funds from the tax and
loan accounts with thoussinds of commercial banks throughout
to leave funds In banks and in the oommunltlea In which they
arise until such time as the Treasury needs the funds for Its
the country.
operations.
In this way the Treasury is able to neutrallre
the effect of Its fluctuating operations on bank reserves
and the economy.
Deposits to tax and loan accounts occur In the normal
course of business under a uniform procedure applicable to
all banks whereby cuetomers of banks deposit with them ttut
payments and funds for the purchase of Government securities.
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
In most cases the transaction Involves merely the transfer of
of the Treasury for 1955,
pages 275-2gU.
money from a customer's account to the tax and loan account in
Table 1.- Status of the Account of the Treasurer of the United States
(In millions of dollars
Assets
Treasury operating balance
End of
fiscal
year or
Available
funds in
Federal
Reserve
Banks
month
1957
1953
1959
I960
/.98
1961
408
612
806
939
672
ilC
535
50i
1962
1963
196/i
1965
,
1964-September.
October.
November
December.
933
687
974
820
1965- January. .
February
9H
.
.
988
867
.
March
April...
May
June
July
August. . .
September.
.
9U
875
672
9i7
916
1,002
Tax and loan
accounts in
special
depositaries
i,0S2
3,218
3,7U
6,i58
5,453
8,815
10,32i
9,180
10,689
Gold
balance
in
Total
operating
Treasury
4"?
401
101
106
Silver
balance,
coinage
metal,
coin, and
currency
In Federal
Unclassified
collections
etc.
5,069
9,030
4,380
7,068
190
259
306
253
37
49
63
58
Reserve
Banks in
process of
collection
302
287
273
337
In other
Total
depositaries assets
365
6,037
9,990
429
5,451
375
8,092
335
440
5,969
9,548
11,251
10,238
179
147
136
145
64
121
120
120
58
222
303
342
234
108
1 1
,469
534
55
233
320
6,769
10,509
12,116
11,036
12,610
9,389
4,963
7,295
6,354
192
231
62
195
187
154
227
351
10,189
294
303
295
5,691
270
206
167
478
173
233
189
336
109
8,339
-;,155
121
6,182
5,377
139
157
3,612
5,800
7,271
6,934
8,822
10,689
6,333
5,548
6,394
124
121
114
111
112
108
111
104
107
4,653
6,909
8,253
7,990
9,810
11,469
7,390
6,569
7,503
Source: Daily Treasury statement.
Includes reserves and other deposits of the Board of Trustees, Postal
1/
Savings System, and uncollected items, exchanges, etc., through
December 1962. Effective January 1963 balances of the Postal Savings
System funds were transferred to deposit fund accounts and became
demand obligations of the Treasury. Balances of these funds, therefore, are no longer liabilities within the general account of the
Treasurer. Uncollected items, exchanges, etc., also previously shown
as liabilities were combined with "Unclassified collections, etc."
shown under assets.
Treasurer' s checks outstanding are included
70
74 i/
16
280
71
361
58
408
452
492
507
527
534
82
559
561
79
62
551
51
57
54
4
34
55
2/
2/
145
220
441
313
360
319
266
357
272
320
268
291
312
Balance in
Liabilities account of
Treasurer
of U. S.
V
447
240
1002/
87
75
79
5,590
9,749
5,350^
3,005
6,694
10,430
12,116
11,036
12,610
8,104
7,295
10,189
5,691
8,104
7,295
5,745
7,942
9,231
9,336
10,816
12,610
3,486
7,627
8,637
5,745
7,942
9,231
9,336
10,816
12,610
8,486
7,627
8,637
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 Treasurer was reduced when
issued and the amount of the checks was
Treasurer's checks were
carried as a liability until paid. Effective July 1958, the balance
applying
is not reduced until the checks are paid, a procedure also
disbursing officers
to checks drawn on the Treasurer by Covemnent
and agencies.
Amounts shown, beginning January 1963, are net of uncollected items,
Previously these items were Included under llBblllties.
exchanges, etc.
Treasury Bulletin
18
ACCOUNT OF THE TREASURER OF THE UNITED STATES
,
Table 2.- AnalyelB of Changes In Tax and Loan Account Balances
(In millions of dollars)
Credits
Taxes
Proceeds from sales of securities 1/
Fiscal year
or month
Savings
bonds
1957
1958
1959
I960
2,976
2,82i
2,668
2,679
1961
2,787
2,725
2,699
2,760
2,635
1962
1963
196i
1965
1964-September
October,
November.
December.
204
210
1965-January.
February.
March. .
April
May
June
July
August..
September.
21L,
.
198
217
219
238
220
196
207
229
210
193
Retirement
plan
bonds 2/
Tax
anticipation
securities
5,Oi3
9?r
7
7[5S1
7
,
li'L.
7,613
5,899
2,963
2,340
740
735
865
Other
Withheld
and
excise
^
Income (by
special
arrangement) ij
Total
credits
Withdrawals
6,568
13,513
13,164
7,920
26,709
27,381
29,190
33,059
4,152
7,903
5,919
6,053
45, a8
55,044
58,520
57,496
46,000
50,908
62,994
54,782
1,788
3,774
3,830
2,014
34,511
37,519
9,142
55,842
56,438
57,595
53,277
60,050
56,847
53,076
56,085
59,421
58,540
8,134
2,250
4,880
6,434
3,394
6,699
41,267
43,580
42,475
3,911
1,196
4,488
3,816
6,521
6,835
9,921
12,598
4,019
105
5,421
1,860
5,894
1,259
5,088
35
2,433
4,640
2,038
2,022
412
2,044
74
1,503
5,498
4,655
1,462
5,542
4,120
4,223
.
.
.
.
October i965
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 borrowing
Period
Deposits and withdrawals (budget,
trust, and other accounts)
Cash
deposits
Fiscal year:
1957
1958
1959
I960
Cash withdrawals 1/
Excess of deposits,
or withdrawals (-)
81,875
82,094
81,612
9A,862
77,279
85,015
93,736
93,817
4,596
-2,921
-12,124
96,897
105,911
121,562
125, 46i
97,774
112,188
118,477
124,047
126,395
-877
-6,278
-4,023
-2,485
-931
196i-September.
October.
November.
December.
ll,61i
4,579
10,816
9,936
9,727
10,513
10,934
9,557
1,887
-5,934
-118
379
1965- January.
February.
March
April
6,570
12,689
13,494
10,264
13,675
15,018
5,564
12,909
12,584
9,702
11,095
9,987
9,530
12,388
10,775
9,445
14,106
10,105
-3,132
1,594
3,507
733
1,287
4,244
-3,880
-1,197
2,479
31,057
33,655
-2,598
Clearing
accounts
2/
1961
1962
1963
196i
1965
lU,45i
.
.
May
June
July
August. .
September.
.
Fiscal 1966 to date.
1,904
1,0U
-1,029
Plus:
Net cash borrowing, or repayment of
Total net
borrowing (-)
transactions
Treasury Bulletin
20
DEBT OUTSTANDING
Table 1.- Summary of Federal Securities
(In millions of dollars)
Matured debt and debt bearing no interest
Interest-bearing debt
Total outstanding
Public debt
End of
fiscal
year or
month
Total 1/
Public
debt 2/
Guaranteed
securities
3/
Total
Public
debt
268, 592
283,380
268,486
274,698
231,833
283,241
240
813
590
285,911
294,886
302,559
308,169
313,702
285,672
294,442
301,954
307,357
313,113
317,940
809
314,362
318,646
320,575
318,416
317,983
319,883
317,697
664
693
719
April ....
May
June
317,213
319,823
317,864
316,557
319,218
317,274
July
August. .
September
317,056
318,742
317,270
316,582
318,240
316,748
270,634
276,444
284,817
286,471
1961
1962
1963
1964
1965
289,211
293,645
306,466
312,526
317,864
318,750
1965- January.
February.
March. .
.
106
2,042
1,646
2,873
3,090
2,042
1,646
2,373
3,090
444
605
812
589
3,300
3,759
3,907
4,357
4,163
3,299
3,759
3,906
4,356
4,161
349
438
313,553
808
4,338
314,336
316,235
314,049
313,677
315,545
313,332
659
690
717
312,864
314,770
313,702
312,209
314,166
313,113
655
604
474
312,667
502
522
288,971
298,201
305,860
311,713
317,274
1964- December.
International
Monetary
Fund
Total
657
606
590
270,527
276,343
284,706
286,331
314, 396
312,197
313,896
312,359
444
607
274,798
281,9a
312,879
101
110
139
juaranteed
Special notes to
3/V
107
101
111
140
1957
1958
1959
I960
Guaranteed
securities
529
597
476
445
International
Development
Association
InterAmerican
Development Bank
Other
5/
securities 3/
ma tured
(
1,063
613
1,979
2,238
/.30
/a?
310
295
292
2,496
2,667
2,922
3,239
3,167
53
115
129
142
138
125
150
150
^20
i30
4,387
337
3,308
179
150
413
4,311
4,340
4,367
4,306
4,337
4,364
262
294
272
3,303
3,303
3,373
179
179
159
150
150
150
41i
411
411
4,349
5,053
4,163
4,347
5,052
4,161
3,367
3,167
3,167
159
159
138
150
150
150
422
41B
53q
470
4,333
3,462
138
150
394
499
519
4,346
4,391
4,334
4,344
4,388
3,434
3,494
138
118
150
394
393
240
Source;
Daily Treasury statement.
1/ 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 ouned Government
agencies in exchange for vhich their securities were issued to the
Treasury (see Table 6).
2/
4/
^
6/
250
1,158 6/
?97
240
227
234
39C
55
41/*
4U
153
Held outside the Treasury.
Consists of Federal Housing Administration debentures, and also D. C.
Armory Board stadium bonds beginning July 1959.
For current month detail, see "Statutory Debt Limitation," Table 2,
Includes $909 million in Treasury bills which matured May 31, 1965
but for which settlement was made on June 1, 1965-
Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
Total interest-bearing securities
Amount
outstanding
End of
fiscal year
or month
1957
1958
1959
Public debt
and guaranteed securities 1/'
Computed annual interest rate
Computed annual
interest charge
Public
debt
Public debt
and guaranteed securities 1/
Public
debt
Public debt
Total
interestbearing
securities
Special
issues
Guaranteed
securities
1/
Marketable issues
Total
public
debt
Total
i/
Bills
3/
Certificates
Notes
Treasury
bonds
Nonmarketable
issues
V
I960
268,592
274,793
281,944
283,380
268,486
274,693
231,833
283,241
7,328
7,248
8,069
9,320
7,325
7,245
8,066
9,316
2.730
2.638
2.867
3.297
2.730
2.633
2.867
3.297
2.707
2.546
2.891
3.449
3.197
1.033
3.316
3.815
3.345
3.330
2.842
4.721
2.504
2.306
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
2.611
2.622
2.628
2.681
1961
1962
1963
1964
1965
285,911
294,886
302,559
308,169
313,702
285,672
8,769
9,534
10,141
10,931
11,488
8,761
9,519
10,119
10,900
11,467
3.072
3.240
3.361
3.561
3.678
3.072
3.239
3.360
3.560
3.678
3.063
3.285
3.425
3.659
3.800
2.584
2.926
3.081
3.729
4.064
3.073
3.377
3.283
3.704
3.680
3.921
3.854
3.842
2.829
3.122
3.344
3.471
3.642
3.330
3.364
3.412
3.462
3.493
2.803
2.891
3.003
3.238
3.372
3.1U
3.500
3.658
3.782
3.660
1964-December.
314,362
313,553
11,247
11,217
3.593
3.593
3.696
3.854
3.311
3.536
3.484
3.248
3.773
1965-January.
February.
March
314,336
316,235
314,049
313,677
315,545
313,332
11,348
11,487
11,435
11,324
11,462
11,408
3.626
3.649
3.657
3.626
3.649
3.657
3.738
3.769
3.782
3.900
3.957
4.013
3.815
3.326
3.825
3.«)7
3.629
3.629
3.488
3.489
3.492
,261
,279
,282
3.680
3.697
3.715
April
May
June
312,864
314,770
313,702
312,209
314,166
313,113
11,425
11,508
3.668
3.672
3.678
3.668
3.672
3.678
3.797
3.303
3.800
4.053
4.064
4.064
3.344
3.843
3.342
3.630
3.642
3.642
3.496
3.483
3.493
3.271
3.320
3.683
3.661
11,488
11,401
11,486
11,467
3.372
3.660
July
312,667
312,197
313,896
312,359
11,440
11,530
11,487
11,423
11,512
11,468
3.675
3.675
3.683
3.688
3.795
3.800
3.807
4.047
4.047
4.074
3.342
3.848
3.848
3.642
3.652
3.652
3.491
3.506
3.510
3.367
3.398
3.382
3.580
3.615
3.640
.
August
. .
September.
3U, 396
312,879
294,
a2
301,954
307,357
313,113
3.683
3.688
Source:
On the basis of the daily Treasury statement.
Note:
The computed annual interest charge represents the amount of interest
that would be paid if each interest-bearing issue outstanding at the end
of each month or year should remain outstanding for a year at the
applicable annual rate of interest. The charge is computed for each
issue by applying the appropriate annual interest rate to the amount
outstanding on that date (the amount actually borrowed in the case of
securities sold at a premium or discount, beginning with May 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/
2/
4/
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 I960; 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 1965
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
Nonmarketable
Total
public
Treasury
issues
Certificates
Bills
bonds,
savings investbonds
ment
series
U. S.
Treasury
bonds 1/
Depositary
bonds
Foreign
series
securities 2/
Foreign
currency
series
securities 3/
Special
issues
Other
4/
1957
1958
1959
1960
268,^86
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
54,622
51,984
50,503
47,544
11,135
9,621
8,365
6,783
196
1961
1962
240,629
249,503
257,153
260,729
264,463
187,148
196,072
203,508
206,489
208,695
36,723
42,036
47,230
50,740
53,665
13,338
13.547
22,169
56,257
65,464
52,145
67,284
52,549
80,830
75,025
81,964
88,464
53,481
53,431
53,645
54,240
102,481
55,768
47,514
47,607
48,314
49,299
50,043
5,830
4,727
1963
1964
1965
285,672
294,442
301,954
307,357
313,113
3,546
3,256
117
138
103
103
59
860
6/^
392
1,132
75
630
832
1,137
141
45,043
4.'., 939
44,801
46,627
48,650
1964-Deceniber.
313,553
267,477
212,454
56,476
58,976
97,002
55,024
49,734
3,388
105
634
1,086
76
46,076
1965- January.
February.
March. . .
313,677
315,545
313,332
269,441
269,976
58,429
58,833
56,525
53,203
55,463
267,674
214,411
214,863
212,507
55,481
102,779
100,567
100,502
55,030
55,112
55,166
49,803
49,881
49,935
3,355
3,348
3,326
104
104
93
604
589
609
1,086
1,112
1,137
78
79
67
44,235
45,570
45,659
312,209
314,166
313,113
267,807
266,333
264,463
212,451
56,925
55,928
53,665
55,051
52,523
52,549
100,475
102,503
102,481
55,356
55,379
55,768
49,959
50,002
50,043
3,285
3,282
3,256
72
210,954
208,695
699
722
1,132
1,137
1,137
1,137
205
44,402
47,833
48,650
312,197
313,896
312,359
264,408
264,116
208,664
208,402
52,549
50,435
50,119
50,155
50,180
3,255
3,252
3,243
919
864
1,044
1,259
1,259
1,259
141
208,381
55,744
55,714
55,909
51
264, 290
102,452
104,310
104,282
April.
.
.
May
June
July
August.
.
September
57
53,662
53,657
53,655
Source; Daily Treasury statement.
1/ Includes $50 million of 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
indebtedness and from October 1962 Treasury bonds issued and
3,921
46,327
46,246
44,756
44,899
171
183
170
61
59
49
48
19
25
29
68
175
141
136
47,789
49,780
48,069
payable in designated foreign currencies.
Includes mainly Treasury bonds, Rural Electrification Administration
series beginning July 1960, and retirement plan bonds beginning
January 1963.
Excludes J998 million Treasury bills maturing May 31, 1966 for which
settlement was made on June 1, 1965.
^
^
Table 4.- Average Length and Maturity Distribution of Marketable Interest-Bearing Public Debt
1/
(In millions of dollars)
End of
fiscal year
or month
Maturity classes
Amount
outstanding
Within
year
1
1
- 5
5
- 10
10 - 20
years
Average length
20 years
and over
years
years
40,669
42,557
58,304
72,844
58,400
12,328
21,476
17,052
20,246
26,407
27,652
21,625
12,630
4,349
7,208
8,088
7,658
58,026
65,453
56,198
26,435
26,049
37,385
34,929
39,169
10,233
9,319
8,360
8,355
8,449
10,960
15,221
14,444
16,328
17,241
yrs.
yrs.
yrs.
yrs.
mos.
mos.
mos.
yrs.
mos.
mos.
1
mo.
mo.
4 mos.
1957
1958
1959
1960
155,705
166,675
178,027
183,845
1961
1962
1963
1964
1965
187,148
196,072
203,508
206,489
208,695
71,952
67,782
72,958
70,467
81,120
88,442
85,294
81,424
87,637
5
yrs.
yrs.
yrs.
1964-Deoember.
212,454
88,451
64,007
36,421
6,108
17,467
5
yrs.
1965-Jaiiuary.
214,411
214,863
212,507
86,798
89,829
87,517
57,886
59,703
62,135
43,902
39,532
37,120
6,107
6,106
6,106
19,718
19,693
19,630
yrs.
5 yrs.
5 yrs.
mos.
4 mos.
4 mos.
212,451
210,954 2/
208,695
88,126
61,487
56,178
56,198
37,116
39,172
39,169
6,106
8,450
8,449
19,616
17,253
17,241
yrs.
yrs.
yrs.
3 nos.
56,192
55,266
55,264
39,166
35,032
35,027
8,448
8,448
8,447
17,222
17,210
17,199
yrs.
yrs.
yrs.
February.
March. .
.
April. ...
May
June
July
August.
September.
.
.
208,664
208,402
208,381
89,901 2/
87,637
87,635
92,
U6
92,444
Source: Office of Debt Analysis in the Office of the Secretary.
All issues are classified to final maturity except^rtially
bonds which have been classified to earliest oal
V
57,041
^--"Pj^^^
^
4 yrs.
5
5
5
mo.
5
4 mos.
4 DOS.
3 mos.
3 nos.
3 mos.
on December 15,
bonds were called on August 14, 1962, for redemption
1962.
--,^^ ^,,8 ^nion Treasu^v bills maturing Hay 31, 1966 for which
settlement was made on June 1, 1965.
Treasury Bulletin
22
DEBT OUTSTANDING
Table 5.- Special Public Debt Is0ue8 to United States Government Inveetment Accounts
{
Exchange
Stabilization
Fund
Federal
Deposit
Insurance
Corporation
Federal
Disability
Insurance
Trust
Fund
Federal
home
loan
banks
End of fiscal
year or month
Total
1957
1958
1959
1960
46,827
46,246
44,756
44,899
718
673
629
694
325
50
996
1,533
2,017
165
165
45,043
556
500
260
270
312
2,299
2,304
2,165
1,903
1,563
1961
1962
1963
196i
1965
In
millions of dollars)
Federal
Old-Age
and
Survivors
Insurance
Trust Fund
Federal
Savings
and Loan
Federal
employees'
Insxirance retirement
Corpora- funds
tion
Government
Life
Insurance
Fund
Highway
Trust
Fund
19,463
18,610
17,227
16,413
103
112
116
104
7,394
7,738
8,608
9,397
1,200
1,144
1,127
1,107
404
822
429
74
372
82
100
16,200
15,074
14,221
14,799
15,261
138
182
287
U,577
1,071
1,028
1,003
956
933
234
436
678
332
10,414
11,382
12,438
13,530
59
1
National
Service
Life
Insurance
Fund
Railroad
Retirement
Account
Unemployment
Trust
Fund
Other
1/
5,570
5,665
5,742
5,803
3,475
3,531
3,417
3,586
7,996
6,671
5,636
5,580
126
138
5,759
5,804
5,714
5,783
5,909
4,625
4,657
4,803
4,931
5,799
192
182
155
172
287
129
120
46,627
48,650
108
292
232
46,076
478
308
1,656
25
14,256
288
13,966
936
5,837
3,504
3,316
2,786
2,969
3,123
2,760
5,405
161
U,235
45,570
45,659
614
595
667
221
287
291
1,486
1,494
1,490
66
64
174
13,008
13,785
13,873
241
241
241
13,931
13,977
14,044
921
917
912
36
129
148
5,696
5,701
5,707
2,668
2,650
2,664
5,184
5,565
5,278
164
165
168
April
May
June
44,402
47,833
48,650
645
770
232
296
311
312
1,417
1,536
1,563
50
184
100
13,055
15,282
15,261
161
89
287
14,115
14,093
909
905
933
229
293
265
5,711
5,719
5,909
2,572
2,565
3,123
5,071
5,914
5,799
170
173
287
July
August
September.
47,789
49,780
48,069
586
312
130
94
1,464
1,511
1,408
59
U,350
5,723
183
254
207
5,918
5,928
5,936
3,041
15,645
931
926
924
277
333
206
302
187
187
3,035
3,034
6,410
6,342
242
234
U,939
U,801
196«4-December.
1965-January
February
March
.
. .
.
658
470
14, 526
Daily Treasury statement.
Adjusted Service Certificate Fund (through December 1956),
Consists of:
Source:
1/
,
.
50
98
U,577
U,643
14,522
14, 502
609
265
Postal Savings System through 1962, various housing insurance funds.
Veterans' Special Term Insurance Fund, and beginning May 1965,
Veterans' Reopened Insurance Fxind.
.
.
'
October 1965
23
DEBT OUTSTANDING
.
Table 6.- Treasury Holdings of Securities Issued by Govemuent
Corporations and Other Agencies
(In millions of dollars)
Agricxilture Department
End of
fiscal
year or
month
Total
1957
1958
1959
1960
22,731
21,859
25,343
1961
26,011
1962
1963
1964
1965
28,634
29,166
25,636
Agency
for
International
Development 1/
Commodity
Credit
Corporation
Rural
Electrification
Administration
Secretary:
Farmers
Home
Administration
programs
2/
ExportImport
Bank of
Washington
2/
Housing and Home
Finance Agency
Lavfrence
Federal
Adminis- National
trator
Mortgage
Association
^
,198
,188
,164
,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
1,741
1,502
2,351
977
2,338
,107
,062
11,534
12,990
13,599
13,990
456
854
13,111
3,332
3,484
3,657
3,828
4,075
1,027
1,170
1,235
1,698
1,830
1,476
830
513
1,213
1,567
2,005
2,302
2,753
3,202
3,167
2,716
2,393
1,899
1,186
368
2,602
807
Saint
Public
Housing
Administration
41
Seaway
Development
Corporation
Tenn-
Veterans'
essee
Valley
Authority
Adminis-
48
35
112
118
32
32
25
Other
7/
733
780
930
1,180
97
27
29
tration:
Direct
loan
program
Under
Defense
Production
Act
of 1950
6/
121
1,294
1,723
1,950
1,970
21
1,964
1,976
1,923
2,019
2,056
22
22
29
18
22
21
123
123
124
50
85
95
1,330
1,530
1,730
1,730
1,730
2,209
123
95
1,730
1,996
40
121
23,354
735
712
1964-December
28,699
725
13,643
3,980
1965-January
February
March
28,687
27,484
27,795
724
724
724
13,733
12,495
12,783
3,980
3,980
3,980
1,212
1,209
1,232
338
342
327
2,602
2,673
2,719
2,120
2,082
2,049
123
123
123
95
95
95
1,730
1,730
1,730
1,986
1,986
1,986
42
April
May
June
28,128
28,352
28,354
724
724
712
13,028
12,995
13,111
4,070
4,070
4,075
1,222
1,254
1,235
383
548
513
1,974
1,937
1,899
124
124
124
95
95
1,730
1,730
1,986
2,051
48
49
95
1,730
2,056
51
July
August
25,697
712
10,803
4,075
1,237
336
1,668
124
95
1,730
712
712
11,532
11,947
4,170
4,170
1,256
1,265
367
365
1,672
1,768
124
95
1,730
124
100
1,730
2,063
2,063
2,063
51
26,612
27,254
2,744
2,774
2,753
2,803
2,838
2,956
29,241
September.
,
.
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
Further detail may be found in the 1964
to borrow from the Treasury.
Annual Report of the Secretary of the Treasury, pages 685-8, and the 1964
Combined Statement of Receipts, Expenditures and Balances of the United
States Government, pages 506-507.
Beginning fiscal 1957 figures exclude notes
1/ And predecessor agencies.
previously issued by the Administrator in connection 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).
3/ 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/
7/
35
51
44
46
53
54
(formerly slum clearance program); college housing loans; and public
facility loans
Consists of liabilities taken over by the Association from the
Administrator in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.C.
1719 (c), 1720 (d), and 1721 (d)) and also securities transferred
from the Reconstruction Finance Corporation.
Consists of notes of: The Administrator, General Services Administmtion, 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 Infomalion
Agency for informational media guaranties (see footnote 1); 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 developnent and operation of helium properties beginning May 1964.
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)
Federal National
Mortgage Association
End of fiscal
year or month
Banks for
cooperatives
2,198
2,556
1,960
1,698
50
145
145
180
1,797
225
686
4,369
2,112
3,169
1,601
190
11,990
11,945
12,246
12,557
13,067
13,460
686
670
723
696
678
686
4,120
3,905
4,090
4,184
4,484
4,757
2,102
2,143
2,206
2,278
2,367
2,462
3,169
3,298
3,298
3,415
3,415
3,532
1,723
1,739
1,739
1,795
1,898
1,797
190
190
190
190
225
13,591
14,035
686
710
708
4,807
5,057
5,046
2,546
2,627
2,603
3,532
3,612
3,612
1,795
225
1,804
1,756
225
240
12,127
1965- January.
February.
March.
April .
.
.
.
June
July
August...
September
1,050
1,165
1,290
2,284
2,357
2,550
2,725
2,973
3,532
1964- December
.
570
797
797
797
Tennessee
Valley
Authority
1,723
1,855
2,133
2,315
2,462
1964
1965
^tey
All other
issues
1,259
382
430
459
498
686
1961
1962
1963
5,013
5,/l23
13,%5
738
456
992
Management
and liquidating issues
1,055
1,797
2,770
4,201
4,757
7,765
9,332
10,192
11,865
13,460
,
Federal land
banks 2/ 2^
1,552
1,646
1,888
2,137
6,708
8,407
,
Federal
intermediate
credit banks
924
1,159
1,456
1,600
179
199
284
330
1957
1958
1959
1960
Federal
home loai.
banks 1/
Source:
Office of Debt Analysis and agency reports.
Note;
The securities shown in the table are public offerings.
1/ The proprietary interest of the United States in these banks ended
in July 1951.
2/
2/
225
The proprietary interest of the United States in these banks ended in
June 1947.
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 1965
25
__STATUTOEY DEBT LIMITATION
The Second Liberty Bond Act (31 U.S.C. 757b), as amended
30, 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 corresponding limitation in effect under the act of June 26, 1946,
was $275 billion and that under the act of September 2, 1958,
was $283 billion. Ten^iorary increases to the permanent limitation 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 frcm July 1, I960, through June 30,
by an act approved June
1961 (act of June 30, I960): $13 billion from July
1 1961
through March 12, 1962, and $15 billion from March 13 through
June 30, 1%2 (acts of June 30, 1961, and March
13 1962)- $23
billion fron July 1, 1962, through March 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, 1964. (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,
i%3, through June 29, 196^ (act of November 26, 1963))- $39
billion from June 29, 1964 through June 30, 1965 (act of
jung 29, 1964); and $43 billion from July 1, 1965 through
June 30, 1966 (act of June 24, 1965).
Table 1.- Status Under Limitation September 30, 1965
(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 24, 1965
328 OOO
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
Total
aiTiOunt of
316 ^66
522
securities outstanding subject to statutory debt limitation
31':,988
n
Balance issuable under limitation
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding September 30, 1965
(
In millions of dollars)
Class of security
Public debt:
Interest-bearing securities:
Marketable:
Treasury bills
Treasury notes
Treasury bonds
Total marketable
Nonmarketable:
Foreign series:
Certificates of indebtedness
Treasury notes
Treasury bonds
Foreign currency series:
Trea sury 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 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 debt: 1/
Interest-bearing
Matured
Total guaranteed debt
Total public debt and guaranteed debt
Source:
Daily Treasury statement.
1/ Held outside the Treasury.
Subject to statutory
debt limitation
Not subject to statutory
debt limitation
Total
outstanding
53,655
53,655
104, 282
10i,282
50,
U4
208,381
690
150
204
690
150
204
1,259
1,259
89
9
50,180
89
9
50,180
11
11
48
3,243
26
48
3,243
26
55,909
55.9^
48,069
312,35=)
23-
3,494
118
150
3,494
118
150
58
58
1
1
167
90
167
90
21.
^1?;
3,875
316,466
519
519
3
522
316,988
282
rj-^2
Treasury Bulletin
26
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest -Bearing Public Marketable Securities
Outstanding September 30, 1965
Other Than Regular Weekly and Annual Treasury Bills
(
In millions of dollars)
»
October 1965
27
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable
Securities
Outstanding September 30, 1965
Other Than Regular Weekly and Annual Treasury Bills - (Continued
(In millions of dollars)
Year
and
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 ]/
Maturity
date
Amount of
bids
tendered
Amount of bids accepted
On competitive basis
Total
amount
On noncompetitive basis 2/
In
exchange
Amount
maturing on
issue date
of new
offering
Total of
unmatured
issues outstanding after
new issues
Regular weekly bills:
19f>5-June
1965-Sept.
Dec.
July
July
1
1,992.1
1,202.
1,001.
991.7
917.5
210.7
83.6
227.3
116.3
1,200.2
1,000.1
15,614.2
16,042.8
9
9
91
182
1,932.4
1,846.3
1,200.3
1,000.3
954.5
896.1
245.7
104.2
175.6
104.1
1,200.8
1,000.6
15,613.7
26,042.5
16
16
132
2,049.9
2,302.8
1,200.7
1,001.5
954.9
899.0
245.8
102.4
185.3
114.9
1,201.0
1,000.6
15,613.4
26,043.4
23
23
182
2,221.3
2,340.8
1,205.3
1,001.5
970.2
891.4
235.1
110.1
204.1
86.6
1,202.8
1,004.9
15,615.9
26,040.0
Sept.
Deo.
June 24
2,206.8
182
Sept.
Dec.
June 17
91
2
Sept.
Dec.
June 10
2
Sept.
Dec.
3
30
30
2,043.4
1,883.9
1,200.4
1,000.2
971.8
911.0
228.6
182
89.1
213.1
152.5
1,200.2
1,002.0
15,616.2
26,038.2
7
6
132
1,932.9
1,824.1
1,201.4
1,000.9
976.2
927.9
225.2
73.0
249.0
122.4
1,201.8
1,003.4
15,615.7
26,035.7
2,147.3
1,627.8
1,201.8
1,000.7
887.8
889.3
314.0
111.4
217.4
112.5
1,200.7
1,001.1
15,616.9
26,035.4
Oct.
8
1966^an.
91
91
91
91
1965-Oct.
1966 -J an.
July 15
14
91
13
182
1965-Oct.
1,202.0
1,004.6
932.1
913.3
269.9
91.3
233.1
152.5
1,201.6
1,001.1
15,617.3
26,039.0
28
27
91
182
2,036.1
1,669.9
1,201.0
1,000.6
957.5
916.0
243.4
84.6
256.1
152.2
1,201.1
1,003.2
15,617.1
26,036.3
4
91
132
1,201.4
1,001.0
91 6.
252.2
84.3
259.1
3
2,031.4
1,634.1
949.2
1966-Feb.
151.9
1,200.5
1,003.6
15,618.0
26,033.7
'l965-l.'ov.
Aug. 12
2,129.3
2,193.1
iq65-No'7.
^
182
1966^an.
Au^ ,
91
20
1965-Oct.
July 29
21
1966Van.
July 22
12
10
92
182
2,062.5
2,000.2
1,201 .0
1,000.1
944.3
909.0
256.7
91.2
149.5
102.4
1,201.0
1,001.2
15,618.0
26,032.6
1966-Feb.
Aug. 19
1965-Nov.
1966-Feb.
18
91
17
182
1,974.2
1,691.9
1,200.8
1,000.6
946.0
900.9
254.8
99.6
232.3
152.8
1,200.9
1,000.4
15,617.9
26,032.8
Aug. 26
1965-Nov.
1966-Feb.
26
24
92
182
2,174.5
1,752,4
1,200.4
1,000.4
965.1
913.9
235.3
86.5
237.8
166.5
1,199.7
1,003.4
15,618.6
26,029.8
Sept. 2
1965-Dec.
1966-Mar.
2
91
182
2,142.5
1,626.4
1,203.4
1,000.5
963.6
905.1
239.7
95.4
252.3
162.6
1,202.4
1,000.3
15,619.7
26,029.9
1965-Dec.
1966-Mar.
10
91
182
2,205.8
2,104.7
1,201.9
1,000.4
953.0
906.8
248.9
93.5
141.2
79.2
1,200.3
1,000.4
15,621.3
26,029.9
1965-Dec.
1966-Mar.
16
17
91
182
2,381.8
1,943.7
1,201.1
1,005.5
897.3
889.2
303.8
116.2
41.6
55.2
1,200.7
1,002.5
15,621.7
26,032.9
1965-Dec.
1966-Mar.
23
24
91
182
2,120.0
1,858.2
1,200.6
1,000.5
932.6
889.0
268.0
111.5
146.4
125.1
1,205.3
1,000.5
15,617.0
26,032.9
]l965-Dec.
TI966-Mar.
30
91
182
1,794.8
1,548.6
1,199.8
999.8
936.0
877.7
263.9
149.9
128.8
1,200.4
1,002.1
15,616.4
26,030.7
1965-June
June
22
22
210
3,703.1
4,044.9
1,504.5
1,758.3
1,298.9
1,517.2
205.6
241.1
4,008.b
5,767.0
(i966-Mar.
June
22
22
4,051.6
2,209.4
3,009.4
1,002.5
2,564.5
801.4
444.9
254
3,009.4
4,011.9
1965-May
June
30
363
358
2,207.6
2,393.3
1,000.1
1,001.2
982.0
979.8
361
2,080.1
1,940.3
1,849.0
2,34918
2,496.6
2,310.8
2,907.9
2,023.2
2,241.3
2,573.2
2,752.0
2,190.8
1,714.5
1,927.0
2,969.9
1,000.5
1,000.4
1,000.5
999.9
1,000.5
1,003.0
1,000.4
1,000.7
1,000.3
1,001.2
1,000.9 i/
1,000.6
1,000.2
1,000.3
1,000.5
979.3
960.2
947.7
954.7
948.4
957.3
947.9
965.7
946.6
21.2
40.2
52.8
45.3
%4.1
37.1
969.5
953.1
969.2
966.1
31.4
47.6
31.0
34.2
9' 3.4
57.1
Sept. 9
Sept. 16
'
Sept. 23
Sept. 30
Tax anticipation bills
1964-Nov. 24
1965-2/
Oct. 11
One-year bills;
1964-june
July 7
~.
Aug.
4
Aug. 31
Sept .30
Oct. 31
Nov. 30
Dec. 31
1965^an.
31
Feb. 28
Har. 31
Apr. 30
May 28
June 30
July
31
31 p
Aug
Sept.30p
.
3
,
July
,
,
Aug.
Sept.
Oct.
Nov.
Dec.
1966^ an.
Feb.
Mar.
Apr.
9
31
31
31
31
30
31
30
31
31
28
31
30
May
June
July
Aug.
31
Sept.
30
31
30
31
155
162
365
365
365
365
365
365
365
365
365
365
365
365
365
365
122.1
201.1
13.1
21.4
1,997.9 i/
Source: Daily Treasury statement; Bureau of the Public Debt.
Note: Tax anticipation and one-year bills are shown in the table each
month until the month in which they mature is no longer shown in the
issue date column for regular weekly bills.
The 13-week bills represent additional issues of bills with an original
1/
maturity of 26 weeks.
2/ For 13-week and 26-week Issues, tenders for |200,000 or less from any
2/
4/
5/
52.1
45.6
52.5
35.0
53.7
26.4
18.4
103.8
63.1
26.3
102.3
36.6
49.3
120.9
100.3
62.1
136.3
138.3
127.2
1,001.1
1,002.0
1,000
1,004
1,000
1,000.4
1,000.5
1,001.5
1,001.4
1,000.1
1,001.2
1,000.5
1,000.4
1,000.5
12,010.4
13,011.6
11,013.7
12.014.1
12,013.4
12,012.0
12.011.7
12,007.4
12,010.1
12,010.1
12,010.2
12,009.1
12,008.8
12,009.5
12,009.0
12,008.8
12,008.6
12,008.6
one bidder are accepted in full at average price of accepted competitive bids; for other issues, the corresponding amount is stipulated
in each offering announcement.
Issued on January 18, 1%5; additional to bills dated November 24, 1964.
Matured July 15, 1964.
Settlement of $3,063,000 was made on May 28, 1965 and *997,823,000 on
June
1,
1%5.
October 1965
29
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
-
(Continued)
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS
,
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounts in millions)
Description of issue
j/
)
October 1965
71
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills V-(Contlnued)
(Dollar amounts in millions)
Description of issue
Number of
days to
maturity
Maturity
Issue
date
date
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted g/
New money
increase, or
decrease (-)
(Percent
11962-October
|1963-January
91
182
$2,212
1,202
*1,301
700
2.930
3.008
200
ri962-0ctober
1962-Jiil7
[1963- January
91
182
2,365
1,126
1,301
700
2.974
3.096
331
July
12.
July
19.
|i962-0ctober
n-963-January
91
182
2,454
1,068
1,302
700
2.983
3.133
201
26.
ri962-0ctober
P-963-January
91
182
2,127
1,362
1,298
703
2.892
3.103
200
Au^st
ri962-November
11963-January
91
182
2,161
1,576
1,301
700
2.874
3.075
August
fl962-November
\l963-February
91
182
1,972
1,203
1,301
700
2.801
2.990
197
91
182
2,078
1,766
1,301
704
2.867
3.060
204
99
July
August
16.
fl962-November
15
\l%3-February
199
fl962-November
\l963-February
23
21
92
182
2,003
1,651
1,301
700
2.837
2.984
fl962-November
29
28
91
182
2,248
1,259
1,301
700
2.805
2.916
100
ri962-December
\l963-March
6
91
182
2,054
1,332
1,301
700
2.834
2.977
100
fl%2-December
13
U
91
182
2,377
1,291
1,301
701
2.789
2.911
101
2b
21
91
182
2,265
1,375
1,301
700
2.796
\l963-March
September
ri962-December
\1963-March
27
28
91
182
2,150
1,777
1,300
700
2.749
2.938
100
October
fl963-January
April
[
3
91
182
2,011
1,505
1,300
701
2.752
2.902
100
100
August
Axigust
23.
30.
September
September
13.
\1%3-February
\l963-March
fl%2-December
September
(January
7
2.%2
101
10
11
91
182
2,136
1,631
1,301
701
17
18
91
182
2,225
1,436
1,300
700
2.749
2.843
98
April
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
101
May
2.686
2.775
\
{February
October
760
864
7
9
91
182
2,249
1,761
1,301
702
2.841
2.927
101
February
May
U
91
182
2,325
1,436
1,302
701
2.801
2.846
103
16
February
21
23
90
181
2,409
1,274
1,300
800
2.833
2.892
199
28
91
183
2,042
1,528
1,300
801
2.853
2.936
199
April
October
18.
October
25.
(Janxiary
f
\
November
November
November
May
f
15.
\
November
23.
j
I
November
29.
December
(February
May
J
December
\
f
13^
\
December
.31
March
7
91
6
182
2,108
1,663
1,300
801
2.861
2.945
98
June
14
13
91
182
1,973
1,321
1,301
801
2.807
2.861
101
99
March
June
January
28.
91
182
2,092
1,248
1,301
800
28
91
132
2,660
1,322
1,309
802
2.893
2.924
110
27
4
91
183
2,220
1,340
1,301
801
2.926
2.966
101
5
April
July
1963-January
21
20
April
July
December
June
June
f
2.860
2.900
March
20,
\
March
May
11
11
91
182
2,196
1,542
1,301
800
2.920
2.966
100
June
September
27
26
91
2,133
1,459
1,301
800
2.919
2.977
92
182
March
July
October
April
5
92
182
2,081
1,454
1,300
800
2.922
2.982
98
3
July
October
April
11
10
91
182
2,292
1,553
1,302
801
2.913
2.978
loe
91
2,352
1,485
1,301
800
2.917
3.010
100
182
91
182
2,259
1,670
1,300
801
2.884
2.982
99
April
18.
July
October
18
17
April
25.
July
October
24
Footnotes at end of table.
25
(Continued on follovrtng page)
Treasury Bulletin
32
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills J/- (Continued)
(Dollar amounts in millions)
Description of issue
Number of
days to
maturity
Maturity
date
Issue
date
New money
increase, or
decrease (-)
Average rate
on bids
accepted 2/
Amount
of bids
tendered
Amount
of bids
accepted
« 2,054
1,668
* 1,302
801
2.897
2.989
$101
100
(Percent
1963-May
May
2.
9.
31
8
7
91
182
91
182
2,119
1,715
1,301
802
2.905
2.993
U
91
182
2,397
1,583
1,302
801
2.903
2.990
98
^-February
May
20
21
91
182
2,321
1,431
1,202
21
800
3.524
3.660
-99
29
February
May
27
23
90
181
1,987
1,614
1,201
802
3.480
3.630
-99
21.
August
November
20
91
19
182
2,258
1,633
1,202
900
3.482
3.598
101
August
November
27
27
91
183
2,073
1,709
1,200
900
3.476
3.595
97
16
November
196i-May
August
November
1
November
May
November
3-August
October
Au^st
15
May
28,
July
16,
October
5-January
15
91
182
2,123
1,409
1,202
902
3.448
3.549
103
July
^-October
5-January
22
23,
91
182
2,070
1,333
1,201
900
3.502
3.619
100
July
30
A-October
5-January
29
28
91
182
2,204
1,889
1,201
902
3.475
3.591
101
C- December
5- March
10
11
91
132
2,169
1,464
1,302
901
3.514
3.649
101
i- December
5-March
17
18
91
182
2,083
1,474
1,302
900
3.541
3.693
102
4-Dec ember
5-March
24
2j
91
182
2,200
1,624
1,302
901
3.542
3.692
101
J196V December
1965- April
31
1
91
182
2,086
1,451
1,301
900
3.555
3.711
100
April
July
22
22
91
182
2,099
2,475
1,200
1,001
3.821
3.960
oo
April
29
29
91
182
2,185
2,465
1,203
1,003
3.848
3.946
104
May
August
6
5
91
182
2,226
2,470
1,203
1,004
3.888
3.968
105
13
12
91
182
2,242
2,448
1,200
1,001
3.903
3.987
100
September 10.
September 17.
September 2i.
October
1965-January
January
February
1
21
28.
i,
July
21
February
11.
May
August
February
18.
May
August
20
19
91
182
2,074
2,162
1,200
1,000
3.936
4.015
98
25.
May
August
27
26
91
182
2,327
2,504
1,201
1,003
3.939
4.043
102
3
2
91
132
2,359
2,304
1,200
1,000
3.982
4.037
24
23
91
182
2,363
2,024
1,203
1,000
3.922
3.984
94
1
91
182
2,061
1,938
1,200
1,002
3.921
3.993
102
91
132
2,281
2,183
1,202
1,001
3.942
3.993
200
91
182
2,336
1,832
1,201
1,001
3.937
3.991
97
February
March
A,
March
25,
April
1.
April
April
8.
15.
June
Sept.
June
Sept.
July
Sept.
30
July
Oct.
July
15
Oct.
U
See Table 2.
Information in Table 3 covers bill offerings
January 2, 1961, through September 30, 1965.
Excludes issues of strips of additional amounts of outstanding regular
weekly bills for cash on June 14, 1961 ($1,802 million), November 15,
Source:
1/
2/
}
100
1961 ($800 million), November 15, 1962, October 28, 1963, and
July 29, 1964 ($1,001 million each). See Table 4.
Equivalent average rate on bank discount basis.
October 1965
33
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Date subscription books
opened or bill
tenders received
Description of security 1/
Period to final
maturity
(years, months,
days) 2/
Amount of subscriptions tendered
Cash 2/
Exchange
Amount issued
For
cash 2/
In exchange
4/
Allotment
ratio
(In millions of dolleirs)
1/15/62 - At auction
1/11/61
1/15/61
2.679St Bill
2/6/61
2/15/61
3-1/4^ Note
-
8/15/62-G
ly
r3/l5/61
-
]_3/l5/61
3-3/8$ Bond
3-5/8? Bond
11/15/66
11/15/67
5y
6y
4/1/61
1-1/2? Note
-
4/1/66-EA
3/28/61
4/3/61
2.473? Bill
-
4/12/61
4/15/61
r5/l5/61
2.827? Bill
Cert.
3?
3-1/4? Note
-
3/20/61
12/
5/1/61
|_5/15/6l
6/8/61
6/14/61
2.308? Bills
-
3,078
172d
At auction
ly
ly
2y
8/3/61]_ll/30/6l _
f
7/15/61
2.908? Bill
7/15/62
8/1/61
8/1/61
_6/23/60
3-1/4? Note
3-3/4? Note
3-7/8? Bond
11/15/62-H
8/15/64-E
5/15/68
7/20/61
7/26/61
2.484? Bill
3/23/62
9/11/61
10/ 3/60
2/14/58
10/3/60
3-1/2? Bond
3-1/2? Bond
3-1/2? Bond
11/15/80
2/15/90
11/15/98
.
9/27/61
2.705? Bill
6/22/62
.
10/1/61
1-1/2? Note
10/2/61
5/15/61
5/15/63-D
10/10/61
10/16/61
2.975? Bill
11/15/61
11/15/60
3-1/4? Note
3-3/4? Bond
109. 6d
(
7/11/61
7/17/61
9/20/61
10/
11/6/61
12/2/57
11/9/61
11/15/61
11/15/74
-
_ri2/7/61I
11/20/61
6/23/60
3-7/8? Bond
•
Reopening
Issued at 99.375
ly
1/25/62
Reopening
Issued at 99.75
Reopening
Issued at 99.00
"Strip" of 8
series 19/
(At auction)
3.366? Bill
1/15/63
4?
Bond
10/1/69
Reopening
Issued at 99.75
2/5/62
2/15/62
2/15/62
3-1/2? Cert.
Note
4?
2/19/62
3/1/62
1/23/59
2/14/58
10/3/60
4?
4?
3-1/2?
3-1/2?
Bond
Bond
Bond
Bond
8/15/71
2/15/80
2/15/90
11/15/98
3/20/62
3/23/62
2.896? Bill
9/21/62
4/1/62
1-1/2? Note
37y
4/10/62
4/15/62
2.943? Bill
4/30/62
'5/15/62
5/15/62
5/15/62
3-1/4? Cert.
3-5/8? Note
3-7/8? Bond
7/15/62
3.257? Bill
7/10/62
f 8/1 5/62
7/30/62
9/10/62
9/26/62
^
8/15/62
L8/15/62
r9/15/62
\9/15/62
10/3/62
Footnotes at end of table.
3-1/2? Cert.
Bond
4?
4-1/4? Bond
3-3/4? Note
Bond
4?
2.616? Bill
2/15/63-A
8/15/66-A
4/15/63
2,004
6,082
5,019
749
1,273
1,298
1,187
100 16/
357
357
17/
2,295
5,687
3,756
2,003
y
3,642
2,384
3,642
2,384
517
I3y
i6.5d
Average)
100
2,511
5,131
3m
6m
t
y
1,273
1,298
1,187
517
320 20/
320 20/
6y
5m
ly
3,650
2,001
7y
85-m
1,619
1,114
ly
6m
6,862
4,454
6,862
4,454
5^m
llim
2,806
563
900
933
100
2,806
i7y
27y
36y
Him
182d
6y
4jii
ly
At auction
9y
3,454
2,001
20,155"
(Continued on following page)
6,686
3,114
1,204
3,070
1,836
6,743 22/
360
31
100 2b/
3, 7821
8 1 28/
5]
5_
5,282
2,579
lln
11m
170d
2i/
2,004 i/
3,719
8/15/63-C
2/15/69
8/15/87-92 - Issued at 101
100 22/
y
6,686
3.114
1,204
ly
[100 22/
270
6,827
ly
6m
30y
4y
9y
563
900
933
1,258
7/15/63 - At auction
6y
21/
270
9m
6m
3y
y
1,302 24/
3,593
ly
3/22/63 - Tax ant. 11/
(At auction)
100 14/
800
1,519
5y
8/15/67-R
8/15/72
W
3,503
5,149
ly
ly
4y
Tax ant. 11/
(At auction)
Issued at 99.80
Issued at 99.50
/
850f^'
1,802
4,174
7m
ly
9y
Reopening
Reopening
Reopening
8/15/68
5/15/63-B
2/15/66-B
11/15/71
l,78il
749
268d
4/1/67-EA
3-3/4? Bond
4,673
2m
5m
2m
19y
At auction
10/1/57
4/18/62
,947J—
y
4y
5/15/68 - Reopening
Issued at 99.50
1/15/62
4/9/62
2,000
3,728
1,90;
13 ,819)^2/
12
5y
Reopening
Issued at 99.875
1/9/62
10/
4,116
1 100 2/
1,503
6,082
5,019
240 d
Tax ant. 11/
(At auction)
1/15/62
^
3,897
94™
Tax ant. 11/
(At auction)
Reopening
Reopening
Reopening
675
3im
ly
3y
6y
10/15/62 - At auction
2/15/63-E
5/15/66
3-7/8? Bond
2.277? Bills
At auction
.
8/
2,438
3,604
Average)
10/1/66-EO
3-1/4? Note
"Strip" of 18
series 15 /
(At auction)
3,670 7/
675
5y
.
y
3,655
2,438
3,604
9/22/61 - Tax ant. 11/
{At auction)
4/15/62
5/15/62-A
5/15/63-D
1,502
18,980 6/
5,942
5,282
2,579
[100
-^
34
Treasury Bulletin
October 1965
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
Source:
Daily Treasury statement; Bureau of the Public Debt,
Issued at par except as noted. For bill issues sold at auction the
rate shown is the equivalent average rate (bank discount basis) on
accepted bids. For details of bill offerings, see Table 2. In reopenings, the amount issued is in addition to the amount in original
offering
2/ From date of additional issue in case of a reopening.
2/ Subscriptions shown are from the public, but amounts issued include
allotments to Government investment accounts.
ij For maturing securities exchanged for the new issues, see Table 7.
5/ Issued as a rollover of maturing one-year bills.
b/ Subscriptions were permitted to be made with payment in cash or in
i,-'7/&% Treasury certificates maturing February 15, 1961 (see Table 7,
footnote 4).
2/ Consists of allotments on subscriptions from holders of certificates
of indebtedness maturing February 15, 1961.
8/ 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 cenfral banks and foreign States, Government investment
accounts and the Federal Reserve Banks, as provided in the offering
circular, totaled $4,364 million and were allotted in full. Subthose
scriptions subject to allotment totaled $14,619 million;
up to and including $10,000 were allotted in full; all others were
allotted 20 percent but in no case less than $10,000,
2/ In addition to the amounts allotted to the public, there was allotted
to the Federal Reserve Banks and Government investment accounts
$39 million of the 3-3/8? bonds of 1966, and $540 million of the
3-5/8JC bonds of 1967.
10/ Exchange offering available to owners of nonraarketable ^-J/iS Treasury bonds, Investment Series B-1975-80, dated April 1, 1951. For
further information on the original offering see Treasury Bulletin
for April 1951, page A-1. Amounts shown are as of September 30, 1965.
11/ Tax anticipation bill, acceptable at face value in payment of income
and profits taxes due on the quarterly payment date immediately
preceding maturity,
1?/ Subscriptions were permitted to be made with payment in cash or in
the 4-3/4? Treasury certificates or 3-5/8? Treasury notes, both
maturing May 15, 1961 (see Table 7, footnote 9),
13/ Consists of allotments on subscriptions from holders of certificates
of indebtedness and Treasury notes maturing May 15, 1961.
14/ There were allotted in full all subscriptions totaling about $2,379
million for the certificates and $1,258 million for the notes, from
States, political subdivisions or instrumentalities thereof, public
pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central
banks and foreign States, Government Investment accounts, and the
Federal Reserve Banks, as provided in the offering circulars. Subscriptions from all other investors were subject to allotment and
totaled $11,445 million for the certificates which were allotted
27 percent, and $11,631 million for the notes which were allotted
12 percent; subscriptions for $25,000 or less were allotted in full,
and subscriptions for more than $25,000 were allotted not less than
$25,000.
15/ 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, 1961.
lb/ 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 3-1/2? bonds of 1980, $160.6 million of the
3-1/2? bonds of 1990, and $289.5 million of the 3-1/2? bonds of 1998,
17/ 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
iS/ Includes $2 million allotted to Government investment accounts of the
3-1/4? notes, $4 million of the 3-3/4? bonds of 1966, and $136
million of the 3-3/4? bonds of 1974.
12/ Sale of a "strip" of Treasury bills, consisting of an ajiditional $100
million for cash of eight series of weekly Treasury bills maturing
from December 7, 1961, to January 25, 1962.
20/ Holders of approximately $970 million of Series F and G savings bonds
issued in 1950, which mature in 1962, were offered in exchange the
3-7/8? bonds with certain adjustments as of December 15, 1961, at a
price of 99,50, Smaller denominations of savings bonds could be exchanged for the next higher multiple of $500 of the bonds upon payment of any cash difference. Cash payments amounted to $309,000.
2i/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 60 percent but in no case
less than $50,000.
In addition, $100 million of the bonds was
allotted to Government investment accounts
22/ Includes $3,411 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/2? certificates and $1,518
million of the 4? notes,
22/ In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $385 million of the 4? bonds of
1971, $177 million of the 4? bonds of 1980, $218 million of the
3-1/2? bonds of 1990, and $221 million of the 3-1/2? bonds of 1998.
2A/ Issued for cash and in exchange for tax anticipation bills maturing
March 23, 1962 (see Table 7, footnote 12).
i/
^
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $^0,000 were al.otted 15 percent but in no case
In addition, $100 million of the bonds was
less than $50,000,
allotted to Government investment accounts,
2b/ Includes $2,166 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4,'- certificates, $14 million of
the 3-5/e? notes, and $64 million of the 3-7/8? bonds.
27/ Subscriptions were permitted to te made with payment in cash or in
the- 4? notes or 3-1/4? notes, both maturing August 15, 1962 (see
Table 7, footnote 13).
22/ Consists of allotments on subscriptions from holders of Treasury
notes maturine August 15. 1962.
29/ Subscriptions from States, political subdivisions or instrumentalities
thereof, public penrion and retirement and other public funds, international organisations 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.
30/ Subscriptions for the 4S bonds totuled $6,743 million and were
allotted 22 percent with subscriptions for $100,000 or less allottei
in full and those for more than $100,000 allotted not less than
In addition, $100 million of tne bonds was allotted to
$100,000.
Government investment accounts.
In
All subscriptions for the 4-1/4? honds were allotted in full.
31/
addition, $50 million of the bonds was allotted to Government
investment accounts, i'avings-type investors were given the privilege
of paying for the bonds allotted to them in installments up to
the
October 15, 1962 (not less than 30 percent by Augijst 15, 196.
issue date; 60 percent by September 15, 1962; and full payment by
October 15, 1962).
32/ In addition to the amounts allotted to the public, there was allott>
to Government investment accounts $21 million of the 3-3/4? notes
and $320 million of the 4? bonds.
33/ Includes $3,796 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/8? certificates, $1 million of
the 3-1/2? notes, and $6 million of tht 4? tonds.
34/ Sale of a "strip" 01' Treasury bills, consisting of an additional
$100 million for cash of ten series of weekly Treasury bills maturing
from January 17, 1963, to March ;i, 1963.
35/ Holders of approximately $458 million of Series F and G savings
bonds which mature in 1963 and 1964 were offered in exchange either
the 3-7/8? bonds or the 4? bonds with certain adjustments as of
December 15, 1962, 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 $93,000 for the 3-7/8? bonds and $101,825 for the 4? bon
36/ The bonds were sold to a syndicate on the basis of competitive bidding for reoffering to the public. The winning bid was $99.35111 per
$100 of face amount for a 4? coupon, resulting in a net basis cost to
the Treasury of 4,008210?, calculated to maturity,
37/ Includes $3,921 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4? certificates and $15 million
of the 3-3/4? bonds,
38/ In addition to the amounts allotted to the publi', tnere wac allof
to Government investment accounts $19,8 million of the 3-5/Sf'' note.-,
$29.6 million of the 3-7/8? bonds of 1971, $151, v million of the
3-7/8? bonds of 1974, and $123.9 million of the 4? bonds of 1950,
39/ The bonds were sold to a syndicate on the basis of competitive bioding for reoffering to the public. The winning bid wis $100.5511')
per $100 of face amount for a 4-1/?^ coupon, resulting in a net basi>
cost to the Treasury of 4.093145?, calculated to maturity.
40/ Includes $3,327 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4? certificates, and $''5 millior
of the 3-5/8? notes.
41/ 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.
42/ Includes $4,149 million allotted to Federal Reserve Banks and Government investment accounts
43/ One-year bills issued monthly beginning September 3, 1963.
44/ 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
,
i
I.
.
1
1973.
45/
^6/
Issued for cash and in exchange for one-year bills maturing October
15, 1963 (see Table 7, footnote 17).
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.
UJ 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 18).
AS/ Consists of allotments on subscriptions from holders of Treasury certificates of indebtedness and Treasury notes maturing November 15, 1963.
Remaining footnotes on following page.
.
.
.
October 1965
37
PUBLIC DEBT OPERATIONS.
Footnotes to Table 4
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 subject to allotment totaled $15,762 million; those up to
and including $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
In addition, $125 million of the bonds was
case less than $50,000.
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 L,-\/tS
bonds
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $22 million of the 4-1/4^ bonds of
1987-92. and $4 million of the 4-1/8^ bonds of 1973.
Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of ten series of weekly Treasury bills maturing from
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 22).
2/ Consists of allotments on subscriptions from holders of Treasury notes
maturing August 15, 1964.
60/ Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international organisations 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
-
61/
62/
62/
64/
65/
66/
67/
6^/
69/
p
(Continued)
circulars, totaled $1,950 million and were allotted in
full. Subscriptions subject to allotment totaled $12,903 mUlion:
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.
Subscriptions were permitted to be made with payment in cash or in
4-7/8^ notes or 3-3/4^ notes, both maturing November 15, 1964 (See
Table 7, footnote 24).
Consists of allotments on subscriptions from holders of Treasury
notes maturing November 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 $6,607 million and were allotted in full. Subscriptions subject to allotment totaled $15,293 million; those up
to and including $100,000 were allotted in full; all other were
allotted 16.5 percent but in no case less than $100,000.
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $322 million of the 4^ bonds of
1970, $325 million of the 4-1/8? bonds of V^ll,, and $55 million of
the 4-1/4* bonds of 1987-92.
Subscriptions were permitted to be made with payment in cash or in
2-5/8St bonds maturing February 15, 1965 (see Table 7, footnote 26).
Consists of allotments on subscriptions from holders of Treasury
bonds maturing February 15, 1965.
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 $582 million and, as provided in
the offering circulars, were allotted In full where the subscriber
made the required certification of ownership of bonds maturing
February 15, 1965. Subscriptions subject to allotment totaled $10,054
those up to and including $100,000 were allotted in full;
million:
all othere were allotted 15 percent but In no case less than $100,000.
Includes $4,253 million allotted to Federal Reserve Banks and Ckjvernment
investment accounts of the L,% notes and $65 million of the 4-1/4? bonds.
Includes $3,051 million allotted to Federal Reserve Banks and Government
investment accounts of the 4* notes and $1,076 million of the iS bonds,
Preliminary.
n.a.
Not available.
Treasury Bulletin
38
\
PUBLIC DEBT OPERATIONS
Table 5.- Securities Issued In Advance Refunding Operations
Date Issued
October 1965
39
PUBLIC DEBT OPERATIONS
,
Table 5.- Securities Issued In Advance Refunding Operations
-(Continued)
Date issued
Treasury Bulletin
40
PUBLIC DEBT OPERATIONS
Table 5.- Securities Issued In Advance Refunding Operations
-
(Continued)
October 1965
Treasury Bulletin
42
PUBLIC DEBT OPERATIONS.
Table 6.
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bl 1 Is ^- (Continued)
(
Issue
In millions of dollars)
October 1965
43
PUBLIC DEBT OPERATIONS
Table 6.- Allotments by Investor Classes on Subscript Ions for Public Marketable
Securlt les
Other Than Regular Weekly Treasury B Ulsi/- (Continued)
(In millions of dollars)
Issue
Allotments by investor classes
Amount issued
Government
investment
exchange accounts
for
and
other
Federal
securi- Reserve
ties
Banks
U.
S.
In
Date of
financing
Description of security
For
cash
Coramer- Indi-
cial
banks
2/
viduals
2/
Insurance
companies
Mutual
savings
banks
Private
Corpo- pension
rations and retirement
funds
State and local
governments
^
Pension
and reOther
tirefunds
ment
funds
Dealers
and
brokers
All
other
6/
ll/2i/6i
3.639% Bill
1,487
1
1
11/30/64
i.068J Bill
11/30/65
1,001
14/
92
354
5
1
1
35
3
10
418
82
12/31/6-1
3.972ie Bill
1^/31/65
1,003
14/
30
458
5
«
2
69
1
9
282
14V
Bond
2/15/70
4,381
322
2,883
111
137
63
137
19
3
172
186
348
4-1/8$ Bond
2/15/74
3,130
325
1,792
54
171
54
67
28
6
69
266
298
2,254
55
975
10
68
31
10
7
65
21
974
38
^A%
1/15/65
4-1/4.$ Bond
6/22/65 2/
1,504
8/15/87-92 11/
1/18/65
3.711$ Bill
6/22/65 2/ii/ 1,758
1/31/65
3.945$ Bill
1/31/66
1.000
2/15/65
4$
11/15/66-E S/
1,735
2/28/65
4.062$ Bill
2/28/66
1.001
14/
3/31/65
3.987$ Bill
3/31/66
1.000
4/30/65
3.996$ Bill
4/30/66
1.001
5/15/65
^4$
Note
^4-1/4$ Bond
Note
4
11
1,742
1
2
102
374
3
87
5
342
74
487
1,018
51
43
165
57
196
192
42
473
6
2
40
6
355
77
14/
73
365
12
1
15
23
14
420
76
2A/
154
98
3
2
6
4
650
76
4,253
9U
65
1,078
116
43
41
127
99
47
555
203
91
14/
518
8/1 5/66- A),, ,
5/l5/74fii/
5,904
2,062
27
33
18
45
149
22
5/31/65
3.954$ Bill
5/31/66
1,001
14/
136
55
3.807$ Bill
6/30/66
1,001
14/
111
378
47
7/31/66
1,000
14/
19
1
12
11
5
6/30/65
13
7/31/65
3.875$ Bill
[4$
14$
Note
Bond
2/15/67-C
2/15/69 11/
160
5,151
1,884
293
3,051
1,076
1,210
476
15
724
61
16
26
349
65
5
420
79
236
37
75
6
4
274
104
37
27
7
119
119
49
8/31/65
4.006$ Bill
8/31/66
i,ooop
iV
189
311
14
408
68
9/30/65
4.236$ Bill
9/30/66
i.ooop 14/
283
339
31
264
62
8/13/65
Based on subscription and allotment reports. For de-tail of
Source:
offerings see Table 4,
1/ Excludes 1-1/2$ Treasury notes issued in exchange to holders of nonmarketable 2-3/4$ Treasury bonds. Investment Series B-1975-80.
2/ Includes trust conrpanies and stock savings banks.
2/ Includes partnerships and personal trust accounts.
4/ Exclusive of banks and insxirance companies,
2/ Consists of trust, sinking, and investment funds of State and local
govemraents and their agencies.
6/ Includes savings and loan associations, nonprofit institutions, and
investments of foreign balances and international accounts in this
country.
2/ Issued as a rollover of quarterly one-year bills.
S/ Offerings subject to allotment, were made for the purpose of paying
off maturing securities in cash. Holders of the maturing securities
34
36
2/
10/
11/
12/
13/
14/
»
ware 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 new issues,
Tax anticipation security.
Offerings consist of an additional $100 million each of a series of
outstanding weekly bills issued in "strip" form. Offerings Incliide
18 series for June I4, 1961; 8 series for November 15, 1961; and 10
series each for November 15, 1962, October 28, 1963, and July 29, 1964.
Reopening of earlier issue,
Sold at conpetltive bidding with allotment distribution based on sales
reported by syndicate members,
One-year bills issued monthly beginning September 3, 1963, to replace
the existing quarterly cycle,
Issued as a rollover of monthly one-year bills.
Preliminary.
p
Less than $500,000.
Treasury Bulletin
44
PUBLIC DEBT OPERATIONS
Table 7.- DlFposltlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
October 1965
Treasury Bulletin
46
PUBLIC DEBT OPERATIONS
,
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
October 1965
Kl
PUBLIC DEBT OPERATIONS
Table 7.- Dlepoeltlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Treasury Bulletin
48
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
October
Treasury Bulletin
50
PUBLIC DEBT OPERATIONS
Footnotes to Table 7
Source:
Dally Treasury statement: Bureau of the Public Debt.
1/ Original call and maturity dates are used.
2/ All by investors other than Federal Reserve Banks.
2/ Rolled over into a one-year bill (see Table 4).
Holders of the maturing 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 3-1/4?
notes offered in the amount of around $6.9 billion. For detail of
offering, see Table 4.
Excess of maturing 4-7/8)6 certificates over allotments of new
securities on subscriptions from holders of those certificates (see
y
6/
2/
2/
2/
12/
11/
U/
w
u/
ifi/
12/
18/
Table 4, footnotes 6 and 7).
Advance refunding offering. Pursuant to the provisions of section
1037 (a) of the Internal Revenue Code of 1954 as added by Public Law
86-346, approved September 22, 1959, the Secretary of the Treasury
has declared that no gain or loss shall be recognized for Federal
income tax purposes upon the exchange of the eligible outstanding
securities solely for the new securities. For tax purposes, therefore, the investor will carry the new securities on his books at the
same amount as he had been carrying the eligible securities exchanged.
Gain or loss, if any, upon the securities surrendered in exchange
will be taken into account upon the disposition or redemption of the
new securities.. See also Table 5.
From March ^0 through March 22, 1961, owners of 2-l/lS bonds of June
15, 1959-62, 2-1/4)6 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 subsoripxions exceeded $5 billion for
the bonds of 1967 or $3 billion for the bonds of 1966.
Tax anticipation issue; for detail of offerings beginning 1961, see
Table 4; for amounts redeemed for taxes and for cash see "Note" below.
Holders of the maturing certificates and notes were not offered
preemptive rights to exchange their holdings, but were permitted to
present them in payment or exchange, in whole or in part, for the
$5,250 million offering of 3? certificates or the $2,500 million
offering of 3-1/4? notes. For detail of offering, see Table 4.
Excess of maturing 4-3/8? certificates and 3-5/8? notes over
allotments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 12 and 13).
Reopening of an earlier issue,
$1,569 million was redeemed for cash and $168 million was exchanged
for the tax anticipation bills dated Ifaroh 23, 1962 (see Table 4).
Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them in
payment or exchange, in whole or in part, for the $6,500 million
offering of 3-1/2? 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.
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 27 and 28).
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? certificate.-, 3-1/4? notes,
4? notes) were granted the option of exchanging their holdings,
subject to allotment if subscriptions exceeded the offering limits
of $6 billion for the notes and $3 billion for the bonds.
Called on August I4, 1962, for redemption on December 15, 1962.
Holders of the maturing one-year bills were offered the option to
exchange the blll.7 for the tax anticipation bills dated October 15,
1963 (see Table 4, footnote 45).
Holders of the maturing certificates and notes were not offered
preemptive rights to exchange their holdings, but were permitted to
19/
20/
21/
22/
23/
^4/
25/
26/
27/
p
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.
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 47 and 48).
Tax anticipation bills issued to replace the maturing one-year bills
(see Table 4, footnote 50).
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 limitaFor allotment details see Table 4, footnote 52.
tion.
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 3-7/8? notes
offered in the amount of about $4.0 billion. For detail of offering,
see Table 4.
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 59 and 60)
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 4? notes offered in the
amount of about $9 1/4 billion. For detail of offering, see Table 4.
Excess of maturing 4-7/8? notes and 3-1/4? notes over allotments of
new securities on subscriptions from holders of those notes (see Tabli
4, footnotes 62 and 63).
Holders of the maturing bonds 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 4? notes offered in
the amount of about $2,170 million. For detail of offering, see
Table 4.
Excess of maturing 2-5/8? bonds over allotments of the new security
on sabscriptions from holders of those bonds (see Table 4, footnotes
66 and 67).
Preliminary.
Note:
Information on retirement of tax anticipation issues referred to
in footnote 8, in millions of dollars;
Date of
retirement
October 1965
51
PUBLIC DEBT OPERATIONS
Series Securities (Nonmarketable)
ilt^lt to Official
Issued !*'n^2r®!*? Institutions of
Foreign Countries
Month of
Treasury Bulletin
52
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (Nonmarketablel
Issued to Official Institutions of Foreign Countries > (Continued)
(Payable in 0. S. Dollars)
Month of
October 1965
53
PUBLIC DEBT OPERATIONS.
Table 8.- Foreign Series Securities (Nonmarketablel
Issued to Official Institutions of Foreign Countries (Continued)
(Payable in U.
Month of
S.
Dollars)
Treasury Bulletin
54
_
PUBLIC DEBT OPERATIONS.
Table 8.- Foreign Series Securities (Nonmarketable)
Issued to Official Instltutlonp of Foreign Countries - (Continued)
(Payable in U. S. Dollars)
.
October 1965
55
PUBLIC DEBT OPERATIONS
.®:",^°''®'^" Serlep Securltlep (Nonmarketable)
^ to
Issued x^^«if
Official Institutions of Foreign Countries - (Continued)
(
Month of
activity
Issue
date
Security
Payable in U. S. Dollars)
Maturity
date
Interest
rate
Issued
Retired
Total outstanding
end of month
(In millions of dollars)
8/18/65
6/8/65
6/9/65
6/16/65
7/22/65
8/25/65
3.90
4.00
3.95
3.95
3.95
3.90
3/8/65
6/8/65
12/22/6A
6/22/65
3/22/65
6/22/65
3/30/65
6/30/65
6/30/65
6/30/65
6/8/65
9/8/65
6/22/65
12/22/65
6/22/65
9/22/65
6/30/65
9/30/65
9/30/65
9/30/65
4.00
Certificates of indebtedness
4/1/65
6/8/65
7/1/65
9/8/65
3.95
3.80
Notes
May.
5/18/65
3/8/65
3/9/65
3/16/65
i/22/65
5/25/65
Ub/kL,
7/6/65
7/6/65
10/6/66
4.
5/25/65
4/12/65
6/22/65
6/30/65
7/22/65
7/30/65
6/30/65
5/18/65
8/25/65
7/12/65
9/22/65
9/30/65
9/30/65
11/1/65
10/29/65
8/18/65
3.
6/30/65
7/22/65
7/30/65
8/10/65
8/11/65
8/24/65
8/25/65
8/27/65
8/27/65
8/30/65
9/30/65
9/30/65
10/29/65
11/10/65
11/12/65
11/24/65
11/26/65
11/26/65
11/26/65
11/26/65
2.00
2.00
2.00
3.75
3.85
3.75
3.85
3.85
3.85
3.85
8/27/65
6/30/65
9/30/65
11/26/65
9/30/65
12/30/65
3.85
3.784
3.983
Certificates of indebtedness
June.
Certificates of indebtedness
July.
Certificates of indebtedness
r
August.
Certificates of indebtedness
l^
Sept
Source:
Certificates of indebtedness
Daily Treasury statement.
3.80
3.875
3.875
3.75
3.75
3.75
3.75
2.00
3.784
3,
50
32
15
30
722
50
100
18
18
50
50
25
25
1,132
20
20
275
135
100
18
125
125
100
3.
5
3.
25
180
2.
2.
2.
919
35
250
20
50
3,
3.
95
35
250
40
25
864
10
40
150
2
58
10
135
325
Information in this table covers transactions from inception through September 30, 1965.
i.ou
Treasury Bulletin
56
,
PUBLIC DEBT OPERATIONS
Table 9.- Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
Month of
activity
October 1965
57
PUBLIC DEBT OPERATIONS
Table 9,- Foreign Currency Series Securities (Nontnarke table)
Issued to Official Institutions of Foreign Countries - (Continued)
Month of
activity
Treasury Bulletin
58
PUBLIC DEBT OPERATIONS
,
Table 9.- Foreign Currency Series Securities (Nonmarke table)
Issued to Official Institutions of Foreign Countries - (Continued)
Month of
.
.
.
.
.
October 1965
59
UNITED STATES SAVINGS BONDS
Series E and H are the only savings bonds currently
Series E has been on sale since May 1, igll^l,
y>,
being sold.
and Series H has been on sale since June 1, 1952.
A-D were sold from March 1, 1935, through April
Series F and G were sold from May
1,
ig'H,
30, 1957. Details of the principal changes In Issues,
Interest yields, maturities, and other terms appear In the
Series
30,
1952. Series J and K were sold from May 1, 1952 through
AprU
191+1.
Treasury Bulletins of April 1951, May 1952, May 1957, October and Deoember I959, and May and October
196I,
through April
Table 1.- Sales and Redemptions by Series, Cumulative through September 30, 1965
(In millions of dollars)
Amount outstanding
Sales 1/
Series
Series
Series
Series
A-D 2/.
E and H
F and G
J and K
Sales plus
accrued
discount
Accrued
discount
Redemptions 1/
3,949
126,264
28,396
3,556
5,003
148,547
29,521
3,732
4,993
99,553
29,439
2,538
162,165
Total A-K
1,054
22,283
1,125
177
24,639
186,803
136,523
Source:
Dally Treasury statement; Office of Debt Analysis In the Office
of the Secretary,
Footnotes at end of Table
Interestbearing debt
Matured
non interestbearing debt
10
48,994
82
1,185
50,180
101
4.
Table 2.- Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
Redemptions \/
Period
Fiscal years :
1935-1956
1957
1958
1959
1960
discount
Sales plus
accrued
discount
Amount outstanding
Sales
price 3/
Accrued
discount }/
Interestbearing debt
Matured
noninterestbearing debt
5,336
903
873
872
1,015
57,497
54,622
51,984
50,503
47,544
47,514
47,607
48,314
49,299
50,043
3oO
374
364
120,095
4,881
4,670
4,506
4,307
4,464
4,421
4,518
4,656
4,543
1963
1964
1965
Calendar years
1935-1956
132,384
6,097
5,896
5,734
5,547
5,749
5,780
5,926
6,132
6,060
7i,527
8,958
8,544
7,249
8,557
5,819
5,716
5,273
5,164
5,346
69,191
8,055
7,671
12,897
1,216
1,235
135,462
1,221
1,262
1,322
72,713
8,674
6,450
7,763
5,730
956
805
1,009
5,851
881
1,397
1,423
1,508
5,541
5,612
5,861
5,675
78,444
9,630
7,255
8,772
6,732
5,595
5,602
6,183
6,117
5,021
5,252
4,842
4,792
4,259
4,445
431
146
120
122
577
514
536
529
446
488
6,377
7,542
5,038
4,934
4,482
4,383
4,488
781
782
791
781
858
331
230
240
211
157
139
110
:
1957
1958
1959
1960
1961
1962
1963
1964
Months :
1965-January.
February.
March . .
.
.
12,289
1,216
1,226
1,228
1,240
1,286
1,358
1,408
1,476
1,517
122,565
4,605
4,689
4,320
4,350
4,539
4,278
4,760
4,609
1961
1962
April.
May
June
Sales iy
Accrued'
394
414
5,821
5,924
356
July
August.
September
.
118
117
508
473
362
.
140
502
391
371
342
143
117
130
536
489
473
Source:
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
431
371
409
725
734
686
494
368
754
810
762
807
56,293
52,474
51,192
48,154
47,159
47,458
47,535
48,827
49,734
74
79
49,803
49,881
49,935
137
127
49,959
50,002
50,043
116
113
110
80
335
331
201
158
121
489
433
464
409
364
388
463
387
75
385
380
71
50,119
50,155
107
104
456
71
50,180
101
451
77
Footnotes et end of Table 4.
Treasury Bulletin
60
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and RedemptlonB by Periods, Series E through K
(
Sales 1/
Accrued
discount
In millions of dollars)
Amount outstanding
Redemptions 1^
Sales plus
accrued
discount
Sales
price j/
Accrued
discount 2^
Interest-bearing
delt
3,794
732
755
797
886
721
731
742
754
833
40,929
41,498
42,142
42,716
42,715
43,806
44,955
46,359
47,737
48,795
4,122
41,398
41,578
42,589
42,559
43,137
44,485
45,499
47,106
48,366
Series E and H Combined
Fiscal years;
1941-1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
84,463
4,613
4,670
4,506
4,307
4,464
4,421
4,518
4,656
4,543
,763
507
689
,320
,350
539
,278
760
609
Calendar years:
1941-1956
1957
1958
1959
I960
1961
1962
1963
1964
Months;
]965--Ianuary. ..
February.
March
10,298
1,133
1,161
1,174
1,194
1,254
10,863
1,143
1,178
1,169
1,224
1,293
1,372
1,404
1,491
97,625
431
394
144
119
121
414
1,331
1,386
1,458
1,502
April
May
June
356
362
117
116
138
July
August...
September.
388
371
342
146
116
129
391
94,761
5,7i6
5,831
5,680
5,501
5,717
5,753
5,904
53,832
5,176
5,187
5,107
5,502
4,627
4,603
4,500
4,736
4,987
56,228
5,469
6,1U
6,045
5,649
5,867
5,489
5,574
5,832
5,650
6,164
6,101
31,683
268
937
83
65
5,519
4,202
575
513
535
490
417
458
354
345
381
96
72
77
48,452
48,547
48,624
507
472
462
408
501
440
384
340
365
78
68
74
48,670
48,733
48,795
535
435
430
429
362
362
360
73
68
48,894
48,951
48,994
488
472
32,619
352
65
54
54
46
32
18
27
22
18
15
31,853
98
15
980
74
58
32,833
172
52
38
29
25
19
16
1960
1961
1962
1963
1964
Months:
1965-JBnuary.
February,
March. ...
.
April
May
June
July
August.. ..
September.
783
727
883
794
703
754
733
780
4,996
4,484
4,636
4,557
4,841
46
32
27
22
Calendar years:
1941-1956
1957
1958
1959
52,105
4,686
4,129
4,636
4^432
4,310
4,616
3,906
3,873
3,759
3,982
4,154
4,856
Series
Fiscal years:
1941-1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
50,0 38
58
52
38
29
25
19
16
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
F,
G,
J,
3,781
3,882
3,823
4,061
and K combined
15,739 1/
Matured
noninterestbearing debt
..
.
.
.
.
October 1965
61
— UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through
K
do millions of dollars)
Sales 1/
Period
Accrued
discount
Sales plus
accrued
discount
-
(Continued)
Redemptions 1/
Sales
price 3/
Total
Accrued
discount 3/
Exchanges of
E bonds for
H bonds
Amount
outstanding
( interestbearing debt)
Series E
Fiscal years:
19^1-1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
81,238
3,919
3,889
3,688
3,603
3,689
3,674
91,536
5,052
4,136
4,112
10,298
1,133
1,161
1,174
1,194
1,254
1,331
1,386
1,458
1,502
83,176
3,875
3,802
3,598
3,632
3,711
3,624
4,185
4,132
10,863
1,143
1,178
1,169
1,224
1,293
1,372
1,404
1,491
94,038
383
358
lU
527
119
121
3,9U
53,638
4,981
4,951
4,889
5,181
4,394
4,343
4,203
4,363
4,538
49,84i
4,248
4,196
4,092
4,295
3,673
3,613
3,461
55,951
5,220
4,122
5,225
4,729
4,249
4,349
4,229
4,425
51,829
4,437
3,931
4,342
3,935
3,546
3,595
3,495
3,646
477
496
457
383
413
361
311
336
96
72
77
21
16
471
443
470
441
367
400
347
300
325
78
68
74
16
497
398
324
73
18
U,159
457
391
382
323
313
68
69
16
41,209
41,257
5,049
4,862
4,797
4,943
5,005
5,300
5,594
5,614
3,609
3,705
3,794
732
755
797
886
721
731
742
754
833
201
188
219
191
206
188
37,898
37,969
38,067
38,040
37,456
37,817
38,260
39,166
40,190
41,078
278
212
199
208
198
38,087
37,885
38,206
37,748
37,997
38,140
38,587
39,740
40,739
Calendar years:
19U-1956
1957
1958
1959
1960
1961
1962
1963
1964
Months:
1965-January,
February,
March. . .
375
April ....
May
June
355
327
331
117
116
138
July
August.
September
351
341
315
146
116
129
.
5,018
4,979
4,767
4,856
5, .103
4,996
5,589
5,623
4U
4,658
783
727
883
794
703
754
733
780
17
15
U
15
40,789
40,866
40,932
40,962
41,023
41,078
Series H
Fiscal years:
1952-1956..
1957
1958
1959
1960
1961
1962
1963
1964
1965
,
,
,
,
,
Calendar years
1952-1956
1957
1958
1959
1960
,
,
Months:
1965-January.
February.
March.
.
.
. .
July
August...
September
Source:
521
431
U9
3,587
631
887
722
718
828
654
3,587
631
887
722
718
828
654
575
477
277
248
198
294
267
235
287
328
416
277
248
198
294
267
235
287
328
416
48
48
36
39
36
39
33
34
33
34
U
44
36
29
31
36
29
31
36
41
40
36
41
40
38
38
37
37
30
30
28
39
47
3,031
39
3,225
694
782
818
704
775
747
604
3,225
694
782
818
704
775
747
604
194
196
236
217
322
233
201
188
219
191
206
188
3,529
4,075
4,676
5,259
5,989
6,M5
7,193
7,546
7,716
:
1961
1962
1963
1964
April.
May
June
521
194
196
236
217
322
233
260
298
373
449
575
477
. .
260
298
373
431
.
28
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
47
Footnotes at end of Table 4.
278
212
199
208
198
21
16
17
3,310
3,693
4,383
4,811
5,540
6,345
6,912
7,367
7,6^7
7,662
7,681
7,692
15
U
7,707
7,711
7,716
18
16
7,735
7,742
15
7,737
16
Treasury Bulletin
62
.UNITED SOPITES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(in millions of dollars)
Matured
Period
Fiscal years
Total 1/
Series E
and H
Other
:
6,137
5,109
1,761
6,515
7,251
7,846
8,958
1952
1953
1954
1955
1956
1957
1958
1959
1960
817
792
5,621
1951
2,747
3,941
8,5U
7,249
8,557
5,819
5,716
5,273
5,164
5,346
1961
1962
1963
1964
1965
Calendar years
4,263
4,115
3,730
4,126
2,673
2,593
2,250
2,057
2,134
3,621
38
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
1,938
:
1951
5,651
1952
1953
195i
1955
1956
1957
1958
1959
1960
5,074
6,149
6,985
7,301
8,264
9,630
7,255
8,772
6,732
5,595
5,602
1961
1962
1963
1964
5,021
5,252
Months :
1965-January.
February.
March. . .
772
1,015
2,318
3,171
4,230
4,246
4,156
3,393
4,701
3,033
2,555
2,387
2,043
2,171
171
254
968
1,328
1,500
2,047
1,891
2,084
1,691
2,433
1,944
1,633
1,656
1,617
1,889
150
174
243
529
446
488
206
265
Hay
June
489
433
464
189
145
183
131
July
August.
463
456
151
139
199
159
184
April.
.
.
.
September
451
167
162
144
779
Total
Series E
and H
Unclassified
12/
. ..
.
'
,
October 1965
63
-OWNERSHIP OF FEDERAL 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
Total
Federal
securities outstanding
1/
End of
fiscal
year or
month
Held by U. S. Government
investment accounts 2/
Total
outstanding
Public
issues
Special
issues
Held by
Federal
Reserve
Banks public
issues
284,817
286,471
268,486
274,698
281,833
283,241
55,501
55,842
54,554
55,259
8,674
9,596
9,799
10,360
46,827
46,246
44,756
44,899
23,035
25,438
26,044
289,211
298,645
306,466
312,526
317,864
285,672
294,442
301,954
307,357
313,113
56,002
56,296
53,206
60,964
63,236
10,959
11,357
13,405
14,337
14,586
45,043
1957
1958
1959
I960
270,634
1961
1962
1963
27b,
196i
1965
AU
Interest-bearing securities guaranteed by the U.S. Government 4/
Held by private
investors 3/
Held by
Public
marketable
issues
Total
127,179
134,593
26, 523
189,949
193,418
201,235
201,459
44,801
46.627
48,650
27,253
29,663
32,027
34,794
39,100
14,361
46,076
37,
14,680
14,674
U,235
U,939
2/
149,546
62,770
58,825
56,252
51,913
106
101
110
139
202,417
208,483
211,721
211,598
210,776
151,392
157,418
160,361
159,575
157,220
51,025
51,065
51,360
52,023
53,556
240
OU
216,073
163,264
52,808
36,741
36,907
165,205
165,496
162,282
52,815
52,898
53,
1U,983
1964-December.
318,750
313,553
60,437
1965- January,
February.
March. .
318,646
320,575
318,416
313,677
315,545
313,332
58,915
60,244
60,505
14,846
45,659
37,591
218,020
218,394
215,236
317,213
319,823
317,864
312,209
314,166
313,1.13
59,028
62,537
63,236
14,626
14,703
14,586
44,402
47,833
48,650
37,754
38,686
39,100
215,427
212,943
210,776
162,283
159,776
157,220
317,056
318,742
317,270
312,197
313,896
312,359
62,182
64,703
63,472
14,393
14,923
15,403
47,789
49,780
39,207
39,049
210,308
210,144
157,276
156,641
48,069
39,774
209,113
155,410
53,703
July
August.
September
.
.
Daily Treasury statement for total amounts outstanding; reports
from agencies and trust funds for securities held by U, S, Government
investment accounts; and reports from Federal Reserve System for
securities held by Federal Reserve Banks,
For amounts
Includes certain debt not subject to statutory limitation.
subject to limitation, see page 1.
Includes accounts under the control of certain U. S, Government agencies
2/
4,388
513
536
561
4,311
4,340
4,367
141
139
517
463
450
4,349
5,053
4,163
115
116
355
383
4,388
4,346
116
470
4,163
637
138
499
519
450
154
156
655
604
589
3,300
3,759
3,907
4,357
146
717
lU
153
277
440
653
403
4,391
47
whose investments are handled outside the Treasury,
The total amount of interest-bearing securities held by private investors is calculated by deducting from the total amount outstanding the
amount held by U, S. Government investment accounts and Federal
Reserve Banks.
Consists of guaranteed securities held outside the Treasury. All are
public marketable issues.
Source:
1/
52,955
60
2,042
1,646
2,873
3,090
171
659
690
46
87
167
165
159
139
589
56
54
63
79
605
812
53,533
53,503
. . ,
50
4U
53,167
53,556
.
April,
May
June
45,570
Held by
private
investors
Tftal
U. S.
outGovernment
standing investment
accounts
Public
nonmarketable
issues
Matured
debt
and
debt
bearing
no
interest
^/
4/
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)
Year
Jan.
1940.
1941.
1942.
1943,
1944.
1945.
1946.
1947.
-9.5
-2.8
-.5
-14.5
-9.9
-67.5
-3.1
1948.
1949.
1950.
1951.
1952.
1953.
1954,
1955.
-.2
8.8
Feb,
-.'0,9
12,0
30,0
5,8
.4
-16.5
-55,6
-4.7
3,3
-61.3
177,4
-1,8
13.5
261,2
6,7
8,3
-4.0
77.2
106.8
1962,
1963
1964
1965
80.7
148.7
397.6
142.1
101.1
210.9
1/
June
May
.4
.4
.3
-35.2
-10.0
-34.4
-145,8
20.5
-56.4
-69.3
-359.2
23.0
16.5
-21.3
47.1
5.1
6.3
482.7
,5
12,9
-22,4
1:^,9
10.7
13.4
10.6
62.2
43.1
56.1
18,9
?93.5
111.3
83.2
,4
-333,6
-12,1
1,5
1,1
8,4
19,9
36,2
-2,9
29,9
-30,4
-54.7
-1.9
11.4
46,7
35.4
5.7
-2.1
44.0
16.4
19.5
18.2
32.3
44.6
7.0
July
Aug.
2.9
35.9
2.8
56.2
1.1
-88.4
5.1
3.5
1.5
20.1
-45.5
22.5
Sept.
-.3
.9
-.2
.3
-9.8
72.6
-155.9
1960
1961
-1.6
-.7
-72.9
-11.5
-5.9
-1.3
14.3
•123.4
14,1
17,5
-5.6
76,9
1956.
1957.
1958,
1959,
-5.7
Apr.
-90.3
-105.1
-48.1
-.7
.1
36.8
22.1
24.6
7.0
23.0
Mar,
-2,3
-67,8
-18,5
-17,0
-157.8
-609.1
-3.4
-15.8
-19.0
-.2
-41.2
-308,1
-4.5
-2.7
-28.1
-12,5
-74,1
-123.1
5.4
-.1
8.2
4.4
3.8
-2.0
4.7
7.2
4.6
1.4
7.9
-21.7
1.9
74.8
.4
-17.2
20,3
9.4
5.0
2.3
3.5
38.4
-10.0
11.8
8.4
10.3
10.6
21.3
24.2
39.9
398.8
15.3
177.2
9.9
-14.5
15.4
-8.7
49.2
182.4
445.5
32.2
35.5
25.6
61.9
17.3
-304.4
28.3
3.4
25.1
325.5
656.2
155.8
143.1
73.9
141.0
69.7
-59.0
23.7
145.9
33.5
223.4
578.6
373.1
169.8
198.6
313.4
-86.3
53.1
Consists of purchases or sales, in the market, by the Treasury of securities
issued or guaranteed by the U, S, Government for (1) trust funds which by
law are under the control of the Secretary of the Treasury or the Treasurer
of the U, S., (2) accounts under the control of certain U. S, Government
agencies whose investments are handled through the facilities of the
Treasury Department; and (3) purchases prior to maturity by the Secretary
•
26.4
19.1
18.3
U.4
Dec.
Oct.
-1.1
60.0
-4.4
-.2
1.0
4.8
-5.0
-5.9
-12.0
-123.0
-14.1
-57.6
221.0
-20.3
696.4
.1
-.8
11.5
10.7
-3.6
11.7
-1.1
14.2
7.9
-.2
-.1
7.0
29.0
8.2
.3
-1.7
5.8
3.4
16.5
17.0
21.1
-30.7
56.2
26.6
17.3
41.1
25.5
36.8
-23.3
83.9
-67.3
345.7
126.2
436.7
100.1
55.1
71.6
105.5
57.3
-25.4
.6
41.0
234.8
21.3
33.3
43.7
113.1
39.7
27.8
19.5
33.8
116.8
securities as »>;";°'-l«<!
of the Treasury of any outstanding
Tt^'-,.^)
Act, as »^«"j^ ' ^1
Section 19 of the Second Liberty Bond
"-^i^,;^^*
transactions for the Exchange
This table excludes (1) all investment
'
'"
St biltaUo" ^d; Ld (2) all P-'^»«="X„t''StSrUy
are redeemed upon maturity,
issue and all securities which
Less than 150,000.
Treasury Bulletin
64
OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par values 1/ in billions of dollars)
Held by banks
Total
Federal
securities
outstanding 2/
End of
month
1939-Dec
Held by private nonbank investors
U.
Commercial
banks
3/
Federal
Reserve
Banks
S.
Government Investment
accounts
Individuals
J^/
Savings bonds
Total
Series
E and H
Other
series
^
Other
securities
Mutual
Insurance savcompanies ings
banks
State
and
Corporalocal
tions 6/
Foreign
and international
govern7/
ments
47.6
15.9
2.5
6.5
1.9
8.2
6.3
3.1
2.2
.4
.2
1946-Feb. 2/
Dec
279.3
259.5
93.8
74.5
22.9
23.3
28.0
30.9
135.1
130.7
64.1
64.2
30.8
30.3
12.5
13.9
20.8
11.1
11.8
19.9
15.3
6.7
6.3
2.4
20.1
24.4
24.9
19 50- June...
257.4
256.7
65.6
61.8
18.3
20.8
37.8
39.2
135.6
134.9
67.4
66.3
34.5
34.5
15.4
15.1
17.6
16.7
19.8
18.7
11.6
10.9
18.4
19.7
8.7
8.8
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
1952-June...
Dec
259.2
267.4
61.1
63.4
22.9
24.7
44.3
45.9
130.8
133.4
64.3
65.2
34.9
35.3
14.1
15.7
16.0
15.7
16.0
9.6
9.5
18.8
19.9
10.4
11.1
4.7
13.8
1953-June...
Dec
266.1
275.2
58.8
63.7
24.7
25.9
47.6
48.3
135.0
137.3
66.1
64.8
36.0
36.7
13.2
12.7
16.8
15.4
16.0
15.9
9.5
9.2
18.6
21.5
12.0
12.7
5.7
5.9
63.6
f9.2
25.0
24.9
49.3
49.6
133.3
135.1
64.8
63.5
37.5
38.2
12.1
11.7
15.2
13.6
15.4
15.3
9.1
278.8
16.5
19.1
13.9
14.4
6.0
6.3
1955-June...
Deo
274.4
280.8
63.5
62.0
23.6
24.8
50.5
51.7
136.7
142.3
65.2
65.0
39.3
40.1
10.9
10.2
15.0
14.8
15.0
14.6
8.7
8.5
18.6
23.2
14.7
15.4
6.3
7.5
1956-June
272.8
276.7
57.3
23.8
24.9
53.5
54.0
138.3
138.2
66.6
65.9
40
41
9.4
59,.5
8.7
16.3
15.8
13.6
13.2
8.4
8.0
17.3
18.7
16.1
16.3
7.9
7.8
Dec
19 51-June.
Dec
19 54- June.
.
.
Dec
Dec
19 57-June.
^271
.
10.1
2.1
3.5
5.3
270.6
275.0
56.
23.0
59.
24.2
55.6
55.2
135.9
136.1
66.3
64.9
41.5
41.6
7.6
6.6
17.2
16.7
12.7
12.5
7.9
7.6
16.1
17.7
16.8
16.6
7.6
7.6
1958-June...
Dec
276.4
283.0
65.
67.
25.4
26.3
55.9
54.4
129.9
134.8
64.4
63.7
42.1
42.5
5.9
5.2
16.4
16.0
12.2
12.7
7.4
7.3
14.1
18.1
16.3
16.5
6.5
7.7
1959-June.
Dec
284.8
290.9
61.
60.
26.0
26.6
54.6
53.7
142.6
150.3
66.3
69.4
42.6
42.4
4.5
3.5
19.3
23.5
12.6
12.5
7.3
6.9
19.8
21.4
16.9
18.0
10.1
12.0
286.5
290.4
55.3
62.1
26.5
27.4
55.3
55.1
149.3
145.8
69.7
66.1
42.
42.
3.1
2.7
24.1
20.5
12.0
11.9
6.6
6.3
19.5
13.7
18.8
18.7
12.3
13.0
1961- June
Deo
289.2
296.5
62.5
67.2
27.3
28.9
56.1
54.5
143.3
145.9
64.6
65.9
43.
2.5
2.2
18.6
19.5
11.4
11.4
6.3
6.1
18.5
18.5
19.3
19.0
12.7
13.4
1962- June....
Dec
298.6
304.0
65.2
67.2
29.7
30.8
56.5
147.3
150.4
65.7
66.0
44.6
45.1
2.0
55.6
19.0
19.2
11.4
11.5
6.3
6.1
18.2
18.6
20.1
20.1
14.1
15.3
1963-Jan
Feb
Mar
Apr
May
June....
303.9
305.2
303.5
303.7
305.8
306.5
305.5
307.2
307.3
307.1
308.9
310.1
66.7
65.8
64.7
65.1
63.9
64.4
63.3
61.7
63.0
63.2
62.8
64.3
30.3
30.6
31.0
31.2
31.3
32.0
32.5
152.4
153.7
152.8
153.2
153.6
151.7
152.7
154.2
153.4
154.0
154.7
154.3
66.4
66.6
66.9
66.1
65.7
66.1
66.9
67.2
67.5
67.7
68.0
68.2
45.3
45.5
45.6
45.7
45.8
46.0
46.1
46.2
46.3
46.4
46.6
46.7
1.7
1.7
1.6
1.6
1.6
1.5
1.5
1.5
1.4
1.4
1.4
1.4
19.4
19.5
19.7
18.8
18.3
18.6
19.3
19.5
19.7
19.9
11.6
11.5
11.3
11.2
19.7
20.2
19.6
19.9
21.0
18.7
18.8
19.5
18.0
18.7
19.8
18.7
20.4
20.4
20.6
21.2
21.2
20.1
20.1
11.1
11.0
11.1
11.1
11.2
11.2
11.3
11.3
6.1
6.1
6.3
6.1
6.1
6.1
6.1
6.1
6.0
5.8
5.3
5.3
15.3
15.2
15.4
15.6
15.9
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
316.5
316.5
319.3
318.7
62.9
62.2
157.2
158.3
157.4
158.0
158.7
156.4
157.7
157.9
157.5
158.0
157.8
157.1
68.7
69.0
69.5
68.7
69.1
69.2
69.5
69.0
69.6
69.8
69.7
70.1
46.8
46.9
47.0
47.1
47.2
47.3
47.4
47.5
47.6
47.7
47.8
47.9
1.3
1.3
1.3
1.2
1.2
20.6
20.8
21.2
20.3
20.7
20.7
20.9
20.4
20.9
21.0
20.8
21.2
11.3
11.3
11.2
11.0
11.0
10.9
10.9
11.0
11.2
11.2
11.2
11.1
5.9
6.0
6.1
6.0
6.0
6.0
6.0
6.0
6.0
5.3
5.7
5.7
20.0
21.0
19.3
20.2
20.8
18.5
19.0
19.0
17.7
18.7
18.5
17.9
21.2
61.6
61.1
60.0
60.2
59.3
60.1
61.9
62.2
63.6
64.0
15.9
15.9
15.6
15.3
15.4
15.6
15.8
16.0
16.3
16.3
16.6
16.7
318.6
320.6
318.4
62.8
61.6
60.3
317.2
319.8
317.9
317.1
318.7
59.5
58.1
57.9
57.0
5f.2
160.0
161.7
159.9
160.8
160.4
157.5
158.6
158.7
70.8
71.3
72.0
71.4
71.4
71.2
48.0
43.1
48.2
48.2
48.3
48.3
48.4
48.5
21.8
22.2
22.8
22.2
22.2
21.9
22.1
11.3
11.2
11.1
11.0
10.9
10.6
10.6
5.8
5.9
6.0
5.8
5.8
5.8
5.7
18.6
19.0
17.2
17.3
18.1
15.9
17.1
17.5
.
Dec
.
1960-June
Dec
July.
. .
Aug
Sept
Oct
Nov
Dec
196i-Jan
Feb
Mar
Apr
May
June.
. .
July
Aug
Sept
Oct
Nov
Dec
1965-Jan
Feb
Mar
Apr
May
June . . .
July ...
Aug. p..
32.4
32.6
32.8
33.7
33.6
32.8
33.2
33.8
33.2
34.2
34.8
35.1
35.2
35.4
35.7
36.8
37.0
36.7
36.9
37.6
37.8
38.7
39.1
39.2
39.0
54.5
55.1
55.1
54.3
57.1
58.4
57.1
53.9
58.3
57.2
57.7
58.0
56.5
57.5
57.6
56.1
59.4
61.1
59.9
61.8
61.8
60.5
61.2
60.6
59.1
60.4
60.7
59.2
62.7
63.4
62.3
64.8
71..;
71.3
Source:
Office of Debt Analysis in .he Office of the Secretary.
1/ United States savings bonds, Series A-F and J, are included at
current redemption value.
2/ Securities issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treasury.
2/ Consists of commercial banks, trust conpanies, and stock savings
banks In the United States and in Territories and island possessions.
Figures exclude securities held in trust departments.
U.
1.8
1.0
1.0
1.0
1.0
1.0
.9
.9
.9
.9
^^
V
6/
7/
&/
2/
;; !
.
'i
1 J
.
^
21
21
22
22
22
22.2
22.6
22.1
21.9
21.6
21.1
22.0
22.7
22.8
24.0
24.0
23.6
23.5
23. 2
16.5
16.6
16.0
16.0
15.8
15.7
15."
15.7
Includes partnerships and personal trust accounts.
Discontinued series. See savings bonds tables.
Exclusive of banks and insurance companies.
Consists of the investments of foreign balances and international
accounts in the United States.
Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers.
Immediate postwar debt peak, p
Preliminary.
)
.
.
.
.
,
October 1965
65
-TREASUEY SDKTEY OF OWNERSHIP, AUGUST
Section
II
Total
,
Federal home loan banks: 11/
Sept. 1965 (Notes)
4.35$
3-3/4
Sept. 1965 (Bonds)
4.10
Got.
1965 (Notes)
4-1/4
Nov.
1965 (Notes)
4.30
Jan.
1966 (Notes).
4.20
Jan.
1966 (Notes)
Feb,
4.30
1966 (Notes).
4-1/8
Mar.
1966 (Bonds)
Mar.
4.35
1966 (Notes)
Apr.
1966 (Notes).
4.30
May
1966 (Notes)
4.35
July 1966 (Notes).
4.35
4-1/8
Aug.
1966 (Bonds).
4-1/4
Nov.
1966 (Bonds)
4-1/4
Sept. 1967 (Bonds)
4-3/8
Mar.
1968 (Bonds)
Total.
Federal intermediate credit banks:
Debentures
(
Federal land banks:
Oct.
4$
4
3-5/8
4.35
3-1/4
4-1/4
4-3/8
4-1/4
4-1/8
12/
4
4-1/8
4-1/2
4-1/4
4
4-1/4
4-3/8
4-5/8
4-1/4
4-1/4
5-1/8
3-1/2
5-1/8
3-1/2
3-7/8
4-1/8
4-1/2
4-3/3
Total
Federal National Mortgage Assoc
:
1965
Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
(Par values - in millions of dollars)
Banks for cooperatives;
"TTTZl Oct. 1965 (Debentures)
4-1/4
Nov.
1965 (Debentures),
4-1/4.
Dec.
1965 (Debentures),
4.30
Feb.
1966 (Debentures),
31,
Treasury Bulletin
66
THEASDRI STJWET OF OWNERSHIP, AUGUST 31, 1965,
The monthly Treasury Survey of Ownership covers secu-
corporations and savings and loan associations In the Sep-
rities Issued by the United States Oowernment and by Federal agencies. The banks and Insurance companies Included
tember i960 Bulletin, and for State and local governments
In the February I962 Bulletin.
In 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.
and for savings and loan assoproportion for corporations
Federal Reserve member bank classes and nonmember banks are
ciations Is 50 percent, and for State and local governments,
70 percent. Data were first published for banlts and In-
surance companies In the May
Section
I
-
igll-l
published for June JO and December 3I. Holdings by corporate pension trust funds are published quarterly, first
appearing In the March 1954 Bulletin,
Treasury Bulletin, for
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par values
-
in millions of dollars)
.
.
.
.
October 1965
67
TREASDRY SUWEI OF CVfNERSHIP, AUGUST 31, 1965
Section I - Securities Issued or Guaranteed by the United States
Goverraient
Table 3.- Interest-Bearing Public Marketable Securities by
Issues
(Par values
1
millions of dollars)
Held by investors covered in Treasury Survey
Insurance companies
Total
amoiint
Issue
outstanding
5,964
commercial
banks
501
mutual
savings
banks
296
life
2/
Treasury bills
Regular weekly and annual
maturing:
Sept. 1965 - Nov.
1965.
477 fire,
casualty,
and
marine
488
savings
and loan
associations
State and local
governments 4/
469
corporations
191
316
general
funds
pension
and retirement
funds
U. S. Government investment accounts
and Federal
Reserve Banks
Held by
all
other
investors 5/
:
Dec.
Mar.
Apr.
May
June
July
Aug.
1966.
May
I
U
3-5/8
3-3/A
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
Aug.
Fov.
Feb.
Feb.
Aug.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr,
Oct.
Apr.
Oct.
Apr.
2,828
1,943
73
133
102
130
,001
,001
,001
408
81
6
13
17
16
122
17
197
181
50
75
2,260
2,196
2
2
110
1
4
6
44
1
3
7
1
4
3
3
159
128
Qn
261
236
5,051
5,080
34
7
17
52
172
35
,000
,000
Total Treasury bills.
Treasury notes:
Nov.
3-1/2
Nov.
3-7/8
Feb.
Feb.
3-5/8
636
018
,000
1965 - Feb.
1966
1966
1966
1966
1966
1966
1965-E..
1965-B..
1966-C..
1966-B..
1966-D..
1966-A..
1966-E..
1967-C..
1967-B..
1967-A..
1965-EO.
1966-EA.
1966-EO.
1967-EA.
1967-EO.
1968-EA.
1968-EO
1969-EA.
1969-EO.
1970-EA.
Total Treasury notes
287
3
1
311
11
1
53,657
5,807
560
8,099
1,617
2,597
2,195
9,519
11,060
2,254
691
22
12
20
12
5,151
2,358
2,929
315
675
357
270
457
212
115
662
343
883
1,576
2,437
759
953
1,088
1,493
112
270
138
103
223
96
46
13
15
84
2
148
62
2
2
58
21
1
25
2
1
1
13
2
3
3
2
2
2
20
58
61
159
142
29
62
103
40
26
50
84
U_
5
10
37
49
26
10
17
22
99
183
150
73
163
123
54
140
3,030
1,399
204
70
92
262
122
5,275
2,373
17,072
7,762
1
131
471
25
203
162
504
456
151
163
378
383
382
3,652
27,407
94
147
27
138
182
239
205
120
128
6,306
79
1,893
891
513
256
631
865
1,992
555
612
105
328
2
191
61
34
412
388
6,523
5,940
532
3,209
313
52
2
324
44
6
3
6
4
7
1
131
115
41
3
144
1
76
79
29
18
15
10
40
4
4
35
13
1
213
2,204
1,337
39
1"
131
42
33
135
175
95
36
32
79
44
47
27
34
98
44
34
65
6
52
5
11
44
33
50
32
2?
11
82
26
25
82
175
86
87
31
51
6
9
76
221
135
47
517
50,435
11,961
471
431
792
573
534
411
399
688
723
759
952
918
598
323
609
24
6
61
39
156
137
100
52
6
40
141
91
55
43
617
810
9
21
25,510
3,111
Treasury bonds:
2-1/2if
tiune
2-1/2
2-1/2
2-1/2
:-1/?
Dec.
;:-1/2
June
Dec.
Mar.
Mar.
}-}/A
May
3
Aug.
Nov.
June
Sept.
Nov.
Dec.
^-3/B
-"-1/2
:-1/2
3-5/8
2-1/2
3-7/8
3-3/i
3-7/8
A
I
U
A
4
3-7/8
i
4
4
4-1/3
4-1/8
4-1/4
May
Aug.
Nov.
Feb.
Oct.
Feb.
Aug.
Aug.
Nov.
Feb.
Aug.
Aug.
Nov.
Feb.
May
3-7/8
Nov.
-'.-1/4
May
3-1/4
Jure
1962-67.
1963-68.
1964-69.
1964-69.
1965-70.
1966-71.
1966
1966
1966....
1967-72.
1967-72.
1967
1967-72.
1968
1968....
1968 . .
1969....
1969....
1970
197C
.
1971
1971
1972
1972....
1973
1973
1974....
1974....
1974....
1975-85.
iq7°-?3.
Footnotes at end of Table 4.
024
571
351
349
?S7
230
952
019
695
460
747
591
728
261
381
129
806
760
344
579
894
357
130
594
243
218
Si>1
1
,000
563
422
633
1,773
720
1,099
2,236
2,199
1,434
928
976
739
706
1,115
1,840
1,257
1,513
317
60
34
10
22
36
39
48
88
104
7
1
3
41
27
41
4
100
62
65
14
18
31
32
111
190
125
168
116
106
143
142
226
253
117
305
64
63
29
4
13
25
4
38
24
21
55
69
114
30
43
19
51
38
170
139
85
28
36
69
63
154
60
34
30
15
18
19
51
47
64
37
87
54
91
47
78
62
191
130
36
73
132
115
120
90
155
120
127
159
246
151
173
113
70
25
154
128
lOi
46
146
142
158
89
94
86
62
(Continued on follovdng page)
13
35
1
1
13
80
22
2
3
10
3
45
1
319
11
14
224
351
29
U9
41
552
783
387
272
45
238
124
80
595
224
449
577
103
1,326
555
400
383
596
382
242
543
513
522
57
36
1
3
3
41
11
4
3
47
82
40
114
46
80
160
166
62
60
123
70
223
42
45
15
32
117
489
468
119
132
244
458
357
665
402
371
191
55
35
59
321
651
236
550
623
502
620
1,490
1,037
882
547
971
2,695
1,179
1,718
862
863
805
872
1,339
1,347
794
1,013
723
319
500
Treasury Bulletin
68
THEASDEY SDWET OF (WNERSHIP, AUGUST 31, 1965,
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Par values - in millions of dollars)
October i965
69
MARKET QUOTATIONS ON TREASURY SECURITIES, SEPTEMBER
30, 1965
Current market quotations shown here are over-thecounter closing bid quotations In the New York market
for the last trading day of the month, as reported to
the Treasury by the Federal Reserve Bank of New York.
The securities listed Include all regularly
quoted public
marketable securities Issued by the United States
Treasury. Outstanding Issues which are guaranteed by
the United
States (Jovernment are excluded.
Treasury Bulletin
70
MAHKET QUOTATIONS ON TREASURY SECURITIES, SEPTEMBER 30, 1965,
Table 3.- Treasury Bonds
(Price decimals are 32nds)
October 1965
71
MARKET QUOTATIONS ON TREASURY SECURITIES,
SEPTIMBER 3Q, I965
o
o
o
o
o
CM
o
CO
to
5f"
10
cO
O
01'
00
0>
r
(0
JS
6
o
II
(M
O
So
^
d
to
fb
^
^6
|§.
^ S
00
00
6
S-0
»
-
o
en
P
5
^
><
s
I,
&
^
* ^
s *
a
(0
CO
c"^
CO
^ s
VJ
•
5s OH
•<
§
S-x
II i 6
*(o
J5
CJ
00
O CD
UJ o>
Cn £
>-
to
o
o
°
00
00
< "^
i_ CD
o
_l
UJ
>-
CM
i
?
1
CO
*
*
*
^
*
^
O
a:
O
—X-
o
o
o
10
o
M
10
o
M
o
CM
Treasury Btdletin
72
AVERAGE YIELDS OF LONO-TERM BONDS,
Table 1.- Average Yields of Treasury and Corporate Bonds by Periods
(Percent per anmjm)
s Aaa
corporate
bonds
Moody'
Treasury
bonds 1/
Period
s Aa
corporate
bonds
Moody'
Treasury
bonds 1/
Period
3 Aaa
corporate
bonds
Moody'
Treasury
bonds 1/
Period
Annual series - calendar year averages of monthly series
37
19
2.25
2.83
2.73
2.72
2,62
2.53
2.61
2.44
2.31
2.82
2.66
46
47
48
1942.
1943.
1944.
1945.
1946.
1947.
1948.
1949.
2.62
2.86
2.96
3.33
2.90
3.06
3.36
3.89
2.32
2.57
2.68
2.94
2.55
2.84
3.08
3.47
1950,
19511952,
1953,
1954,
1955,
1956,
1957,
3.43
4.08
4.02
1958
1959
1960
1961
1962
1963
1964
3.79
4.38
4.41
4.35
4.33
4.26
4.40
3.90
3.95
4.00
4.15
Monthly series - averages of daily series
Moody
Aaa
corporate
bonds
Moody
Aaa
corporate
bonds
'
'
Treasury
bonds 1/
Period
Treasury
bonds 1/
Treasury
bonds 1/
Moody's
Aaa
corporate
bonds
2.88
2.85
2.93 2/
3.07
2.97
2.93
3.11
3.08
3.10
3.24
3.28
3.27
July
August..,.
September.
October. .
November.
December.
2.47
2.48
2.52
2.54
2.57
2.59 1/
2.89
2.87
2.89
2.87
2.89
2.90
3.00
3.17
3.21
3.20
3.30
3.40
3.28
3.43
3.56
3.59
3.69
3.75
3.36
3.60
3.75
3.76
3.70
3.80
January. .
February.
March
April
May
2.68 2/
2.78
2.78 2/
2.82
2.93
2.99
3.02
3.01
3.04
3.05
3.34
3.22
3.26
3.32
3.40
3.58 1/
3.77
3.67
3.66
3.67
3.74
3.91
3.91 2/
3.92
3.92
4.01
3.06
3.11
3.13
3.10
3.60
3.63
3.66 2/ 2/
3.73
3,57 2/
3.90
4.10
4.12
4.10
4.08
.
2.54
2.55
2.81
2.82
July
August,,,,
September.
October.
November.
December.
2.91
2.95
2.92
2.87
2.89
.
2.91
Treasury
bonds 1,^
Period
3.U
3.20
.
1964
3.10
3.15
3.30
y
4.15
4.37
4.36
4.38
4.40
4.U
4.18
4.20
4.16
4.13
3.67
3.85
4.09
4.11
4.09
4.08
4.14
4.16
4.15
4.15
4.08
4.09
4.12
4.14
4.13
4.23
4.37
4.46
4.11
4.10
4.26
4.11
4.12
4.27
4.47
4.43
4.52
4.57
4.56
4.58
4.a
4.a
4.13
1957
1
1955
June
bonds 1/
3.60
3.59
3.63
3.60
3.57
3.57
3.24
3.28
3.25
3.12
y
3.06
2.95
2.86
2.85
2.88
2.90
2.&?
2.62
2.53
2.48
Treasiiry
1958
1954
January...
February.
March
April
May
June
y
s Aaa
corporate
bonds
Moody'
4.40
4.41
4.42
4.42
4.43
4.44
4.U
4.16
4.16
4.12 2/
4.14
1965
1959
3.81
Moody
Aaa
corporate
bonds
'
Treasury
bonds 1/
Treasury
bonds 1/
A.U
4.U
4.15
4.19
4.25
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
Period
4.43
4.41
4.42
4.43
2/
4.U
4.46
4.48
4.49
4.52
Moody'
s
Aaa
corporate
bonds
Weekly series - averages of daily series for veeks ending
2
4.U
9
16
23
30
1965-April
4.14
4.14
4.15
4.15
7
4.U
4.42
4.42
4.43
4.43
4.43
1965-June
y
4.14
4.43
4.45
4.43
4.44
4.23
4.23
4.23
4.51
4.51
4.51
4.22
4.23
4.23
4.24
4.52
4.52
4.52
4.52
U
4.15
21
4.U
28
2
9
16
23
30
4.45
4.46
4.47
4.47
4.14
4.14
4.15
18
25
July
May
1965-August
4.15
4.15
4.14
4.13
4
11
4.46
4.47
4.48
4.48
4.48
September
1965-September 22.
4.U
4.15
6
13,
20
27
4.16
4.18
.20
,21
4.47
4.48
4.50
4.51
3
,23
10
,23
17,
,25
24,
,25
4.51
4.52
4.52
4.52
23.
24.
4.25
4.26
4.26
4.52
4.52
4.52
27.
28.
29.
30.
4.27
4.28
4.30
4.30
4.52
4.52
4.53
4.53
Daily series unweighted averages
1965-September
1.
2,
3.
6.
7.
8.
9.
10.
V
1965-September 13..
14..
15..
16..
17..
4.24
4.24
4.25
4.25
4.25
4.52
4.52
4.52
4.52
4.52
20..
21..
4.25
4.25
4.52
4.52
Source: Beginning April 1953, Treasury bond yields are reported to the
Treasury by the Federal Reserve Bank of New York, based on closing
bid quotations in the over-the-counter market.
Yields for prior
periods were computed cjn the basis of mean of closing bid and ask
quotations. Moody's Investor Service is the source for the average of
Aaa corporate bonds
1/ Series includes bonds on which the interest income Is subject to
normal tax and surtax and which are neither due nor callable before a
y
y
given number of years as follows:
April 1953 to date, 10 years;
April 195? - March 1953, 12 years; October 19<il - March 195?, 15 years
For bonds currently in the series, see Table 3 under "Market Quotations on Treasury Securities" in this issue of the Bulletin.
One or more new long-term bonds added to the average (see footnote l).
An existing bond dropped from the average (see footnote 1).
Market closed.
73
AVERAGE YIELDS OF LONG-TERM BONDS
CO
o
o
CD
UJ
a:
o
Q.
a:
o
o
>a:
or
UJ
(0
o
z
o
^
en
o
_i
UJ
>UJ
a:
UJ
Treasury Bulletin
74
MONETARY STATISTICS
Table 1.- Money In Circulation
(
In niillions of dollars except per capita figures)
Paper money 2/
Total
End of fiscal
year or month
money in
circulation 1/
Total
paper
Gold
certificates j/
59
57
56
92
319
321
302
27,353
28,622
30,292
32,356
34,823
78
73
63
54
53
37
36
22
1,877
321
32,331
76
37
321
320
317
297
299
32,690
32,860
33,147
34,128
34,577
73
72
72
71
70
36
36
23
13
1,625
1,573
1,460
1,357
1,232
13
13
13
13
13
13
1,121
1,057
988
922
877
829
239
296
29?
299
3C3
302
33,533
33,666
33,904
33,868
34,315
34,823
70
70
69
69
69
68
22
22
22
22
22
22
299
302
35,020
35,257 6/
68
67
22
22
30
29
20
19
13
2,094
2,009
1,847
1,723
318
318
829
34,662
20
34,765
34,381
35,051
35,889
19
19
19
13
32,065
29,943
31,117
32,592
34,529
36,058
1963-December.
37,692
1964-Aiigust...
38,014
38,166
38,373
39,248
39,619
2U
38,540
38,593
38,816
38,760
39,207
39,720
35,104
35,124
35,296
35,193
35,599
36,058
36,20S
13
13
.
.
July
August.
.
39,897
40,165
V
36,
4U
National
tank
notes
120
110
100
32,405
33,770
35,470
37,734
39,720
36,
Federal
Reserve
Bank
notes
13.'
1961
1962
1963
1964
1965
9U
Federa]
Reserve
notes
26,329
26,342
27,029
27,094
29,040
29,071
29,699
29,726
1965-January .
February
March.
April
May
June
1890
United
States
notes
321
317
316
31,082
31,172
September
October.
November.
December.
Treasury
notes of
2,1(2
2,200
2,155
2,127
1957
1958
1959
I960
31,
Silver
certificates
33
32
31
30
736
753 1/
318
85
36
?3
..
.
October 1965
75
MONETARY STATISTICS
.
Table 2.- Monetary Stocks of Gold and
Silver
(Dollar amounts In millions)
End of fiscal
year or month
1957
1958
1959
I960
1961
1962
1963
196i
1965
Gold
($35 per
fine ounce)
22,622.9
21,356.2
19,70i.o 1/
19,322.2
17,550.2
16,i35.2
15,733.3
15,461.4
13,934.1
1963-December.
Silver
($1.29+ per
fine ounce)
4,116.6
4,306.0
4,4U.l
4,394.5
4,346.5
4,317.4
4,315.2
4,220.7
3,999.0
15,513.0
4,265.7
1964-August....
September.
October. .
November.
December.
15,460.4
15,463.1
15,461.5
4,207.3
4,179.2
4,121.7
4,090.1
4,067.6
1965- January.
February.
March
April
May
June
15,185.4
14,936.9
14,563.5
14,410.4
14,290.3
13,934.1 2/
4,053.1
4,041.8
4,032.4
4,016.2
4,006.5
13,857.4
3,998.5
4,032.9
.
July
August.
.
.
15,3!'5.8
15,387.7
13,857.0
3,999.0
Ratio of silver to
gold and silver in
monetary stocks
( in
percent)
15.4
Treasury Bulletin
76
MONETARY STATISTICS,
Table 4.- Components of Silver Monetary Stock
(In millions of dollars)
Silver held in Treasury
End of calendar
year or month
In Treasurer's account
Securing silver certificates 1/
Silver
bullion 2/
Silver outside
Treasury
Silver
dollars
Silver
bullion
Subsidiary
coin 2/
^
Silver
dollars 1/
Subsidiary
coin
^
Total
silver
at 11.29+
per fine
ounce
1957
1958
1959
1960
2,212.9
2,245.0
2,251.4
2,252.1
219.0
202.7
182.3
161.2
8.2
14.9
3.2
2.6
92.3
148.3
127.4
88.2
269.3
285.4
305.5
326.5
1,402.6
1,513.4
1,576.0
4,185.4
4,362.5
4,382.7
4,375.6
1961
1962
1963
1964
2,237.5
2,139.1
1,981.5
1,538.8
130.1
94.0
28.5
3.0
3.6
3.4
3.7
4.7
24.2
29.7
18.0
11.8
357.3
392.5
456.3
481.8
1,650.5
1,756.0
1,887.2
2,161.2
4,308.6
4,318.2
4,265.7
4,067.6
1964- August...
September
October.
November.
December.
1,788.0
1,734.4
1,648.9
1,591.3
1,538.8
2.9
2.9
2.9
3.0
3.0
7.4
11.3
9.0
4.7
19.2
18.9
18.6
15.4
11.8
481.8
481.8
481.8
481.8
481.8
2,032.6
2,056.4
2,088.3
2,121.1
2,161.2
4,207.3
4,179.2
4,121.7
4,090.1
4,067.6
1965- January.
February
March...
April.. ..
May
June
1,488.1
1,447.2
1,388.6
1,354.6
1,293.0
1,267.4
3.0
3.0
3.0
2,192.4
2,221.1
2,260.6
2,297.9
2,331.8
2,373.3
4,053.1
4,041.8
4,032.4
4,016.2
4,006.5
3,999.0
2,397.7
2,440.7
3,998.5
4,032.9
July
Augu St
.
.
1,234.6
1,205.9
9.6
9.4
14.4
15.0
3.0
3.0
11.9
7.2
7.4
14.8
2.1
31.4
14.2
27.5
18.8
481.8
481.8
481.8
481.7
481.7
481.7
3.0
T.O
9.3
17.5
21.6
36.7
481.7
481.7
3.0
Source:
Circulation Statement of United States Money; Office of the
Treasurer of the United States.
1/ Valued at $1.29+ per fint ounce.
2/ Includes silver held by certain agencies of the Federal Government
j/
A/
1,U6.2
Valued at $1.38+ per fine ounce.
Includes bialllon at cost, bullion valued at $1.29+ per fine ounce
held for coinege, ani bullion valued at $1.38+ per fine ounce held
for recoinage of subsidiary silver coins.
M
.
October 1965
77
.EXCHANSE STABILIZATIOH FUHD.
Table
1.-.
Balance Sheets ae of June 30, 1964,
and
June 30, 1965,
June 30, 1964
June 30, 1965p
Assets:
Cash:
Treasurer of the United States, checking account
Federal Reserve Bank of New YoT
special account*.
Imprest fund
,
1366,183.97
$1,125,668.72
500.00
500.00
Total cash
1366,683.97
Foreign exchange due from foreign banks: 1/
Banco Central de la Kepublica Argentina
Oesterreichische Nationalbank
Banque Nationale de Belgique
Banque Nationale de Belgique (I.M.F.)
Banco do Brasil
Bank of Canada
Bank of Canada [ I.M.F.)
Banco Central de Chile
Deutsche Bundesbank
Deutsche Bundesbank (I.M.F.)
Banco Central de la Republic Dominicana
Bank of England
Banque de France
......,•
Banque de France (I.M.F.)
Banca d' Italia
Banca d' Italia (I.M.F.)
De Nederlandsche Bank
De Nederlandsche Bank (I.M.F.)
Sveriges Riksbank
Sveriges Riksbank (I.M.F.)
Banque Nationale Suisse
Bank for International Settlements
$1,126,168.72
161,614,526.20
Special account of Secretary of the Treasury with
Federal Reserve Bank of New York - Gold
115,194,324.01
30,100,000.00
3,959.41
16,102.76
11,412.09
25,340,000.00
568,653.64
22,340,000.00
717,590.35
6,000,000.00
23,565,000.00
2,517,722.97
17,400,000.00
1,654,587.89
17,409.81
U,787.04
6,250,000.00
3,490,710.91
3,495, 856.U
1,427,033.68
63,681.37
63,681.37
11,500,000.00
784,598.53
514,833.17
4,952.77
. . .
153,730.43
21,175.47
745,646.91
,
Accrued interest receivable - foreign agreements
,
Accounts receivable
Deferred charges
153,167.69
67,387.52
191,261.90
Accrued interest receivable
2,347,299.71
385,847.82
,
256,805,515.33
60,752,715.32
42,991.06
Investments in;
U. S. Government securities
Foreign securities
347,293.86
3,050,583.82
317,064,490.54
49,772,557.59
,
70,123.52
96,36i.50
Office equipment and fixtures
Less allowance for depreciation
i0,«5.30
55,909.20
107,566.52
47,021.00
60,545.52
150,000.00
Total assets
150,000.00
611,158,289.18
Land and structures
517,394,231.13
Liabilities and capital: 2/
Accounts payable:
Vouchers payable
Employees' payroll allotment account,
Miscellaneous,
U.
S.
5,730,956.25
Treasury (U.
S.
drawings on I.M.F.)
Capital account
Deduct subscription to International Monetary Fund
Net income
(
2,000,000,000.00
1,300,000,000.00
126,000,000.00
2, 000, OM, 000. 00
200,000,000.00
155,094,093.54
see Table 3)
611,158,289.18
Total liabilities and capital
Note:
Annual balance sheets for fiscal years 1934 through 1940 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,
15,500,000.00
250,000,000.00
%>ecial deposit accounts
S.
359, 345.
333,239.39
Total accounts payable
Advance from 0.
30,890.04
3,495.01
324,960.64
3,593.62
329,645.77
savings bonds
1/
^
p
1,800,000,000.00
200,000,000.00
175,534,885.44
517, 394, 231. 13
future and spot dellTery.
Excludes foreign exchange transactions for
agreement..
con?ingent^iablliUes under outstanding stabilization
For
see Table 2,
Preliminary,
Treasury Bulletin
78
.EXCHAMCE STABILIZATIOH FUND.
Table 2.- Current United States Stabilization Agreements, June 30, 1965
Date
Country-
"-f
agreements
Original
(Effective)
Expiration
Original
agreement
Advances
(
Argentina.
June
7,
1962
Brazil..
16,
Feb. 23,
1961
.
1965
iMay
Jan. 31, 1963
Mar. 13, 196A
Feb.
i, 1965
Chile.
Dominican Republic.
Aug. 10,
Mexico
Jan.
1/
1,
Mar. 27, 1963
In millions)
6,
1963 1/
50
J50
50
15,
Jan. 12,
1963 1/
1966
70
130
107.7
10
15
16.1
10
12
6.4
1.4
6.;
f
Oct.
May
Jan.
Feb.
Jan.
30, 1964 l/
i, 1965 i/
5,
1966
1961.
Aug. 10, 1965
196A
Deo.
31,
1965
No further drawings permitted after expiration.
Table 3.- Income and Expense
Classification
Repayments
53.7
75
9.i
.1
..
.
..
.
,
.
,
October 1965
79
.
Table 1..
INTERMTIONAl FIMNCIAL STATISTICS
US
Gold Stock, and Holdings
of Convertible Foreign
Currencies by U. S. Monetary
Authorities
^
(In millions of dollars)
Total gold stock
and foreign currency
holdings
End of calendar
year or month
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
22,091
21,793
21,753
22,058
22,857
20, 582
19,507
17, 80i
17,063
16,156
15,808
15,903
1964-September.
October.
November .
December.
.
15,870
15,702
16,324
15,903
.
.
.
1965-January
February
March
April
May
June
.
July
August
.
.
.
22,091
21,793
21,753
22,058
22,857
20,582
19,507
17,804
16,947
16,057
15,596
15,471
15,463
15,461
15,386
15,388
15,572
15,220
15,129
15,185
. .
September p
758
432
364
227
490
404
U,993
14,410
13,934
U,362
H,049
13,857
13,857
13.858
14,885
227
'96
14,639
14,480
U,290
U,697
U,953
432
15,208
U,937
U,563
U,884
U,511
U,595
116
99
212
15,643
15,606
15,566
15,471
.
.
22,030
21,713
21,690
21,949
22,781
20,534
19,456
17,767
16,889
15,978
15,513
15,388
13,969
13,916
13,926
U9
546
728
1,037
959
Note:
The United States also has a
gold tranche position in the Inter
^-""""""^ '° »578.2 mfllion as of siteier" 30.
1965.
In acrL*"''"?J:?,°'' policies
'
accordance with Fund
the United States has the /ighTto
draw foreign currencies equivalent
to this amount from the ^nd vlrt.
"^^'^'""'^^^ appropriate oirZstan^s! l^^
ui ted"s?::es°'"L^'
additional amounts equal to the United
States
2/
quota ofslLr;^,?,"" In addition,
of 54,125 million.
the United States has a $258 8
?^nd"n fune 1965"
T "\T'
"'^"^ '""
^
1%0
2/
'
repurch.se, the proceeds of which
"
"
^" ^'''^'
*^°
'^"^''" '" ^'5'-
*"<*
*^°° "^"i"" »"
Inclu4es gold in Exohange Stabilization Fund,
which is not included in
lre.sury gold figuree shown in "Circulation
Statement of United States
fcney." See "Monetary Statistics," Table
3.
Includes holdinge of Treesury and Federal Reserve
System.
Preliminary.
S°" subscr^^Uo^ tf ihe
'
''"°*^ ^"='""^" "^^''^ ^as not yet b.co-e
^
'
e??ective
Includes gold sold to th. United States
by the International Monetary
1/
t
are invested
by th« Fund In U.S^aovern«..t securitieB;
to1h^'^nd''ln'"u'f
as of September 30, I965.
•*'° '^^"°"- °^ *-*'i' a"°>^'-' th7united States pir^^JTnn^''.,'-?
p
Table 2.- U. S. TrMrM-jr NanMrk«tateU Notea mmi mtnia
Isaiwd to Official iMtltutlMM of Forel«n Covntrlsa
Aiaount outstanding
End of calendar
year or month
Payable in foreign currencies
Total
Austria
Belgium
Germany
Payable in dollars
Italy
Switzerland
Total
Canada
Italy
(Dollar equivalent, in millions)
1962
1963
1964
251
730
1,086
50
50
30
30
275
679
1964-September
October.
November.
December.
1,005
1,086
1,086
1,086
50
50
50
50
30
30
30
30
1,086
1,112
1,137
1,137
1,137
1,137
50
1,259
1,259
1,259
1965-January
February
March
April
.
.
Ma;'
June
July
August.
September,
.
.
200
200
51
175
327 1/
163
354
628
679
679
679
297
327
327
327
1/
1/
1/
1/
354
354
354
354
329
329
329
329
1/
25
25
25
25
75
101
101
101
101
30
30
30
30
30
30
679
679
679
679
679
679
327
327
327
327
327
327
1/
354
354
354
354
354
354
329
329
329
329
329
329
2/
2/
2/
2/
2/
2/
25
25
25
25
25
25
101
101
101
30
30
30
653
653
653
354
354
354
329 2/
329 2/
329 2/
25
25
125
125
125
"'"i^alent of $70 million payable in Swies francs to the
R^nJ'''r^^ t"!
Bank for International Settlements.
1/
1/
1/
1/
y
y
350
350
350 2/
__
Note:
For complete Information on U. S. Treasury
securities (nonmarketable)
issued to official institutions of foreign
countries, see "Public Debt
Operations," Tables 8 and 9.
1/
125
329 2/
2/
2/
13
2/
£/
2/
25
25
.
25
_L
Includes $204 million of nonmarketable bonds issued to the Government
of Canada in connection with transactions under the Columbia River
treaty.
Includes the equivalent of $93 million payable in Swiss francs to the
Bank for International Settlenents,
Treasury Bulletin
80
.INTERNATIONAL FINANCIAL STATISTICS.
Table 3.- U. S. Net Monetary Gold Transactions
with Foreign Countries and International and Regional Organizations
Cln millions of dollars at $35 per fine troy ounce; negative figures represent net sales by the United States; positive figures, net purchases)
.
October 1965
81
.INTERNATIONAL 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)
1963
1964
December
Area and country
Gold and
shortterm
dollars
Western Europe:
Austria
Belgium
Denmark
Finland
France^
Germany, Fed. Republic of
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other 2/
U.S. Government
bonds
and notes
Gold and
shortterm
dollars
U.S. Government
Gold and
shortbonds
term
and notes dollars
902
1,832
14
14
6
289
167
5,003
1
6,616
1
1
1965
September
1
7
947
1,821
352
174
5,093
6,437
225
3,225
1,964
205
747
972
733
3,653
123
December
U.S. Gov- Gold and
ernment
shortbonds
term
and notes dollars
14
1
7
1
*
923
1,887
428
212
5,392
6,258
252
3,729
2,055
215
780
1,010
833
4,095
140
4,020
U.S. Gov- Gold and
ernment short-
bonds
term
and no tesdiollars
14
1
872
1,897
430
201
79
5,530
6,137
232
3,539
2,036
234
802
984
928
3,927
414
4,308
46
227
3,039
1,824
188
698
839
615
3,737
129
4,153
514
741
30,772
822
31,384
''53
32,737
714
32,590
3,805
687
3,674
636
3,863
695
4,010
690
3,565
164
688
778
591
,
Canada
Latin American Republics:
Argentina.
Brazil
Chile
Colombia
,
,
,
Cuba
Mexi CO
Panama, Republic of
Peru
3,726
136
3,967
369
1
4
131
«
2
129
75
328
453
1'2
808
129
215
284
992
424
1
5
131
K
2
130
77
t,
1
4
101
»
2
90
78
»
Lai
48
4,222
491
402
49
424
294
227
238
329
186
231
1
5
98
«
2
40
142
391
soa.
362
350
219
J86
330
224
226
10
11
,
267
12
904
Japan
Philippines
Thailand
Other
,
Total Asia
,
Africa:
South Africa
United Arab Republic (Egypt)..,
Other Africa
1,076
465
99
273
282
1,135
478
4,207
,165
4,381
311
307
83
Total Latin American Republics,
Asia:
India
Indonesia
817
105
271
276
1,057
487
298
,
Uruguay
Venezuela
Other
63
306
73
42
1,994
45
562
2,059
43
48
6,052
51
6,300
49
4,063
2
10
U
2,773
237
486
1,687
41
77
2,757
230
529
1,943
5,564
47
5,847
671
271
230
3,044
256
2,882
260
546
296
645
196
287
635
196
288
14
283
1,155
Total Africa
1,128
1,119
14
1,067
392
358
28
402
374
138
621
163
:
388
313
-
26
334
350
26
Total other countries
701
26
734
26
750
28
776
Total foreign countries
45,721
1,524
46,362
1,596
47,333
1,546
49,271
1,218
7,294
1,068
7,499
923
7,162
2,664
54,832
2,469
56,433
International anJ regional ij .
Grand total
March
30,433
,
Total Western Europe
Other countries
Australia
Other 3/
901
1,791
253
160
4,653
6,884
265
3,146
1,961
June
.
.
742
53,656
Treasury Bulletin
82
.INTERNATIONAL FINANCIAL STATISTICS.
Table 5.- Liabilities to Foreign Official Institutions and International
and Regional Organizations y
(
In millions of dollars)
.
October 1965
83
CAPITAL MOVEMENTS
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935,
pursuant to Executive Order 6560 of January 15, 193A, Executive Order 10033 of February 8, 1949, 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.
Supplementary
Reports by banks,
bankers, securities brokers and dealers, and nonfinancial
"Short-term" refers to obligations payable on
demand
or having an original maturity of one year
or less, without
deduction of any offsets . "Long-term" refers to
obligations
having an original maturity of more than one year,
and
in-
cludes securities having no contractual maturity.
Exclusions
The data published herein do not cover all types
of
capital movements between the United States and foreign
countries.
The data reported to and published ty the Treasury
Department exclude entirely the intercompany capital trans-
business concerns in the United States are made initially to
actions of business enterprises in the United States with
the Federal Reserve Banks, which forward consolidated figures
their own branches and subsidiaries abroad or with their for-
These statistics are consolidated by the
eign parent companies; such transactions are reported by
to the Treasury.
Treasury and published as promptly as possible.
business firms to the Department of Commerce.
Data on the
The reporting forms and instructions used in the collec-
capital transactions of -the United States Government and on
tion of the statistics have been revised a number of times.
shipments and receipts of United States currency are also
The most recent revision became effective
excluded from the Treasury reports
data as of May 31, 1963.1/
A
witii
reports covering
detailed description of the
conten't of the statistics, including the changes instituted,
appeared in the July
pages 79-81.
1%3
issue of the "Treasury Bulletin,"
As a result of changes in presentation intro-
.
Certain capital trans-
actions not effected through reporting institutions, such as
securities transactions carried out entirely abroad, are not
recorded in the Treasury reports.
Consolidated data on all
types of capital transactions are published by the Department
duced in that issue, not all breakdowns previously published
of Commerce in its regular reports on the United States
will be exactly comparable to those now presented.
balance of payments
Basic definitions
The liabilities data exclude nonnegotiable, noninterest-
The term "foreigner" as used in the Treasury reports
bearing special notes of the United States held by the Inter-
covers all institutions and individuals domiciled outside
American Development Bank and the International Development
the United States, including United States citizens domiciled
Association.
abroad and the foreign subsidiaries and offices of United
The data on securities transactions and on foreign
States banks and business concerns; the central governments,
holdings of U.S. Government bonds and notes exclude non-
central banks, and other official institutions of foreign
marketable U.S. Treasury notes, foreign series, and non-
countries, wherever located; and international and regional
marketable U.S. Treasury bonds, foreign currency series
organizations, wherever located.
(see "International Financial Statistics" section. Table
In general, data are reported opposite the foreign
country or geographical area in which the foreigner is domi-
2).
Presentation of statistics
Data pertaining to branches or agencies of foreign
Data collected monthly on the Treasury Foreign Exchange
official institutions are reported opposite the coimtry to
Forms are published in the "Treasury Bulletin" in three
which the official institution belongs. Data pertaining to
sections.
international and regional organizations are reported opposite
by period; Section II presents data by country and by period;
the classification "International," "European regional," or
and Section III shows detailed breakdowns of the latest avail-
"Latin American regional," as appropriate, except for the
able preliminary data.
ciled.
Bank for Interna ticmal Settlements and the European Fund,
Section
I
provides a sumnary of the principal data
Section IV presents supplementary data which are reported
Beginning with the April 1965
which are included in the classification "Other Western
less frequently than monthly.
Europe."
issue, these tablas are published each month.
V
Operations and Statistics, Office of
Copies of the reporting forms and Instructions may be obtained from the Office of Balance of Payments Programs,
Federal Reserve Banks.
the Assistant Secretary for International Affairs, Treasury Department, Washington. D.C. 20220 or from
Treasury Bulletin
84
CAPITAL MOVmENTS
Section I - Summary by Periods
Table 1.- Net Movements of Banking Funds and Transactions In Long-Term Securities with Foreigners
1/
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Analysis of net movement
Changes in claims on foreigners
Changes in liabilities to foreigners
Calendar year
or month
Net
movement
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
521.9
-836.9
-557.8
1965-Jan.-Aug. p 6/,
1964-August
September
October
November
December
.
,
,
^
1965- January 6/
February
March
April
May
June
July p
August p
2/
-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
945.0
416.4
-940.5
-903.6
3,338.5
479.8
-404.8
1962 2/
1963
1964 i/
2/
Short-term
banking
funds
-767.6
261.8
280.9
164.5
1,576.3
-387.7
1,225.2
1,278.1
1946
1947
1948
1/
Transactions
.
.
Long-term
banking
funds
219.1
Other
domestic
securities
0.5
3.2
-3.6
-0.3
0.3
0.2
1.1
-0.4
0.8
0.1
-1.5
8.7
-8.3
-0.8
6.7
-5.2
-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
U.S. Gov't,
bonds
and
notes 2/
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
-64.5
-150.6
-144.3
-21.2
156.2
291.3
193.9
-39.0
435.5
251.8
223.5
Total
2.3
98.7
12.7
70.5
lU.l
1,000.8
3,229.6
1,882.9
1,178.7
1,822.9
1,888.4
2,601.3
2,4.86.0
5.1
948.5
2,875.6
62.1
236.2
-728.0
670.9
-337.7
59.8
206.9
-172.8
-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
-1,517.5
-2,725.3
-3,159.1
V
y
Long-term
banking
funds
Transactions
in foreign
seciirities
2/
989.8
4,353.2
2,268.0
1,909.2
V
y
Short-term
banking
funds
-15.5
-288.5
-124.8
189.6
-395.2
-461 .0
-334.8
187.6
-398.4
-422.4
-1,076.8
-1,310.1
-1,893.4
-1,014.7
-1,788.2
-2,314.0
V
34.9
-86.8
39.8
-29.0
-173.6
-13.5
-36.6
115.6
-116.0
-230.0
-168.5
-334.3
-188.
-183.0
-153.3
-335.4
-343.0
-811.6
-1,494.4
-126.
-869.5
fc.
V
-941.6
265.1
39.0
-94.8
27.8
-145.4
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-749.7
-644.7
-830.4
-1,047.9
-i,ou.z
-723.1
-1,074.9
-671.0
-388.9
136.1
16.7
-434.9
-403.9
434.3
-296.0
-542.2
189.0
-167.6
228.2
579.0
-883.4
281.6
11.8
584.7
1,042.7
-146.2
383.1
129.7
639.2
-1.5
-3.2
-7.1
134.7
7.4
-97.8
-80.8
-30.2
-37.0
2.5
-2.2
-33.9
-17.2
-92.6
-179.4
-356.5
-463.7
-737.2
-48.0
-30.8
-106.7
-52.1
-504.9
-66.4
-109.4
-103.3
-160.6
-118.0
21.8
-39.2
-146.5
-251.0
3.3
-66.0
-7.4
-16.7
64.7
-0.7
14.3
20.2
-61. Ir
-520. 5r
-147. 7r
129. 3r
77. 7r
187. 2r
-118. 8r
-47.1
135. Ir
26. 2r
19.1
-228.3
-222.1
-11.8
65.7
61.5
73.3
13.8
-20.0
-179.6
-88.8
-71.5
-10.0
-118.7
-38.9
-14.7
V
-198. 3r
-216. Or
-794. Ir
-273. 3r
-341. 4r
127.0
48.9
572.3
-137.2
304.5
-646.4
-402.6
-419.1
153.3
-106.4
582.9
y
939.8
-142.6
-65.8
138.0
-626.6
-447.1
-421.6
315.4
43.8
y
183.4
-35.0
-16.5
-0.4
60.1
-58.7
-0.1
For an explanation of statistical presentation and exclusions, see
headnote on page 83.
Through 1949, transactions in U S. Government bonds and notes include
transactions in domestic corporat bonds.
Data below the line include chang
in liabilities and claims reported
by a number of banks included in the series beginning December 31,
I
8.3
y
6/
1961.
4/
in:
Change includes claims previously
1963j as of that date such claims
includes claims reported by banks
1963; as of that date such claims
held but first reported as of May 31,
amounted to $85.6 million. Also
for the first time as of December 31,
amounted to $193.2 million, repre-
p
r
5.2
-13.5
-8.7
-9.5
31.9
-3.7
3.6
-236.5
-111.7
-100.3
-26.3
155.3
-in.,'
180.4
';?.2
-48.1
-114.:'
senting in part claims previously held hy banks but not reported.
Change in short-term liabilities includes a net increase of $20.1
million as of December 31, 1964, arising from changes in reporting
coverage.
Data below the line on changes in claims reflect the exclusion from the
series beginning December 31, 1964 of short-term U. S. Government
claims previously included; and the addition to the series of claims
arising from the inclusion of claims previously held but first reportedj
as of December 31, 1964, anJ from revisions of preliminary figures.
Preliminary.
Revised.
.
.
.
8
"
1
.
October 1965
85
CAPITAL MOVEMENTS
Section I - Sinninary by Periods
Table 2.- Banking Liabilities to and Clalne on Foreigners
j/
(Position at end of period in millions of dollars)
Short-term liabilities to foreigners
End of calendar
year or month
1%2
Official
institutions
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
10,393.3
11,915.3
12,436.9
^2/
7,178.7 8/
3,376.3 8/4,973.5
27,276.7
27,406.4
28,045.6
28,985.4
6, 79?.
12,281.8
12,321.2
12,300.3
12,723.0
December 8/10/ 28,842.7 8/13,224.3
1965-January.
February.
March.
April. . .
May
June
July p . .
August p.
.
y
V
1/
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
1,779.1
1,805.1
1,783.5
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
25.018.6
25,967.1
1964-August. . .
September.
October. .
November.
I
Foreign
banks
International
and
regional
28.842.7 i/13,224.3
v.
1963
1964
Payable
Foreign countries
2/
2/
2/
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
5,713.0
6,883.
6,480,
7,116,
7,713,
7,613,
8,644,
9,302,
10,546,
11,643,
12,918,
13,600,
14,939,
15,158,
16,159,
19,388,
21,271,
22,450,
22,532.6
1945.
1946.
1947.
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
I960.
1961.
1961
Total
shortterm
liabilities
.
28,777.0
28,915.0
23,288.4
27,841.3
27,419.7
27,735.0
27,778.8
28,453.8
Short-term claims on foreigners
Payable in dollars
12,588.4
12,684.6
12,296.8
11,970.0
11,958.7
12,204.6
11,749.8
12,061.6
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
4,011.8
3.751.7
3,751.7
5,144.5
4,637.1
in
foreign
currencies
Total
longTotal
term
shortliabilterm
ities
claims
25.5
40.6
49.7
70.4
51.0
44.9
72.2
61.4
43.7
43.2
40.3
48.8
59.0
59.4
77.2
.9
1.4
4.6
1.0
948,
1,018,
.7
827
898
968
1,048
904
1,386
1,548
1,945
2,199
2,542
2,624
3,614
4.762
4,820
5,163
1.0
1.2
2.3
1.8
2.7
2.8
1.2
9.9
1.6
:8
113.1
150.4
7.5
2.2
2.2
7.3
69.4
%
150.417
143.4 6/
134.1 6/
89.9 8/ 306.2
6,652.7
7,322.1
7,788,4
3,160.5
3,235.8
3,249.3
3,301.1
4,917.3
5,064.9
5,061.4
5,051.4
124.2
173.9
131.7 6/ 170.7
112.5
163.5
121.4
298.3
7,178.7 8/
3,376.3 S/4,973.5
89.9 8/ 306.2
7,723.6
7,744.6
7,364.4
7,224.4
7,068.0
7,109.9
7,303.2
7,739.4
3,382.1
3,430.0
3,481.9
3,476.9
3,440.1
3,471.4
3,483.3
3,481.2
4,985.9
4,982.5
5,081.7
5,085.7
4,862.8
4,847.7
5,145.5
5,058.3
For exclusions see headnote on page S3.
Included vrith "Other foreigners."
Included with "Other claims."
Beginning in August 1956 and also in April 1957, certain accounts previously classified as "Foreign banks" are included with "Official
institutions.
Differs from 1961 end-year data on the preceding line by inclusion of
liabilities and claims reported by a number of banks included in the
series beginning December 31, 1961,
Includes reported liabilities to foreign official institutions beginning October 1961. Figures for selected dates are as follows:
end 1961, $-i6.3 million; end 1962, $^7.9 million; end 1963, $30.1
million; September 196-i, $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.
Also includes
392
708
97.0
73.3
63.6
84.2
90.0
101.4
97.0
113.3
s/
2/
10/
309.5
492.9
457.9
441.3
440.9
501.0
442.3
442.2
Payable in dollars
Payable
Loans to:
Official
institutions
2/
2/
2/
2/
2/
73.4
86.1
87.9
85.2
243.0
160.9
176.6
241.9
In
Other
foreigners
Other
claims
100
319
292
2/
2/
2/
245.0
290.5
490.6
361
2/
2/
104.2
109.8
131.7
109.8
142.0
235.6
330.4
303.0
427.5
460.
482.1
617.6
Foreign
banks
222
151
177
122
156
206
328
405
385
439
497
524
699
709
400.7
350.9
290.3
323.5
328.5
358.9
186.0
5,974.
223.3
7,469
7,955.0r2/220.8
954.
1,373
1,402.5
6,774.8
150.7
6,805.7
159.1
6,912.3
163.7
165.2
6,964.5
223.3
7.469.3
7,955.Qrl0/220.
1,175.8
937.9
1,206.9
943.6
1,250.7
963.6
1,316.3
930.4
1.373.6 1,054.6
1,402.5 l,148.4r
7,767.8r
7,886.6r
7,933. 7r
7,798.6r
7,772.4r
7,753.3
7,572.9
7,520.7
221.4
249.8
242.9
207.9
212.9
230.9
241.4
232.5
952,
1,427.2
1,490.9
1,504.5
1,493.3
1,462.1
1,476.0
1,422.0
1,457.6
622.4
641.8
773.9
^05^
557.1
494.3
328.7
503.4
627.9
451.5
584.1
660.0
883.8
1,121.6
1,076.7
1,098.2
1,837.8
2.531.1
2,573.9
2,652.9
3,429.4
4,158.8
,148,4r 4, 556.81
1,139,
1,206,
1,205,
1,207.
1,143.
1,146.
,139.
.I'^O.
3,818.8
3,822.0
3,864.1
3,841.0
4,158.8
4,556.S
347.3
278. 1_
378. 8r
340.0:
377. 2r
4,332.0
4,223.5
4,188.6
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
385.6
586.3
557.1
630.8
659.0
Total
longterm
claims
175.6
140.7
227.5
187.7
216.7
390.4
403.9
440.5
324.9
440.9
670.9
839.4
1,173.8
1,362.1
1,545.1
1,698.4
2.033. 8
626. 5r
2,033.8
2,160.4
3,029.8 7/
3,971.4
4,269.7 5/
691.6
674.1
670.2
661.5
659.0
3,480.1
3,589.5
3,692.8
3,853.4
3,971.4
626. 5r
L.m.l
632. 8r
661. 3r
601. 6r
550. 4r
577. Or
4,498.1
4,720.2
4,731.9
4,666.2
4,604.7
4,531.5
4,517.6
4,565.8
568.4
546.4
511.8
10/
claims amouiting 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.
Short-term liabilities include a net increase of $20.1 million arising
"Foreign
from changes in reporting coverage, distributed as follows:
banks" +$25.6 million, "Other foreigners" +$22.5 million, and "Payable
in foreign currencies" -$27.9 million.
See footnote 10.
Data on claims below the line differ from claims above the line because
of the exclusion as of December 31, 1964 of $58.1 million of short-tera
a. S. Government claims previously included; and because of the addition of $543.8 million of short-term claims and $298.3 million of
long-term claims arising from the inclusion of claims previously held
but rirdt, reported as of December 31, 1964, and from revisions of
Revised.
r
Preliminary.
p
preliminary figures.
Treasury Bulletin
86
CAPITAL MOVEMENTS
Section I - Summary by Per lode
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
V
(In millions of dollars; negative figures Indicate a net outflow of capital from the United States)
Corporate and other
U.S. Government bonds and notes 2/
Net
Bonds 2/
Net purchases
Calendar ytar or month
Foreign countries
Official
414.5
344.8
282.4
430.0
1,236.4
673.6
533.7
646.0
800.9
1940
19^7
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1,341.1
883.4
666.1
1,223.9
1,216.9
1,729.6
1,743.7
1,779.9
1961
196?
1,867.1
1963
1964
1965-January-Augu3t p.
1964-August
September
October
November
December
1965- January
February
March
April
May
June
July p
August p
1,149.4
783.1
19.7
16.4
23.2
31.8
92.8
107.0
99.5
21.3
77.2
168.1
181.
27.6
100.7
684.2
283.3
330.3
333.6
294.3
1,356.6
231.4
728.0
792.7
812.1
1,018.3
718.3
1,187.6
528.0
1,603.0
1,231.5
2,507.9
1,196.2
1,487.
766.4
117.4
97.2
53.3
68.8
90.3
173.0
106.9
38.0
12.5
168.3
167.5
7.4
92.3
International
and
regional
-269.7
-13.0
-55.4
9.4
824.2
-663.7
292.7
-96.7
-60.0
561.7
-204.9
117.0
-236.7
523.9
-97.9
-20.0
-206.6
369.1
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
529.0
-135.0
-58.7
-.5
36.0
125.7
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
-315.2
-108.4
-40.0
3.2
2.9
4.2
-61.0
-83.7
-21.0
-52.1
36.3
688.9
126.6
512.2
-728.0
670.9
-337.7
16.6
-97.8
-80.8
-30.2
-37.0
2.5
-66.0
-7.4
-16.7
64.7
-.7
-13.4
-40.2
3.1
2.1
-67.6
-37.8
-1.4
-16.9
64.7
-15.1
14.3
20.2
8.3
.1
16.9
.1
-15.3
31.8
14.1
14.1
20.0
14.2
-1.9
.3
.2
n
.3
.2
.2
-4.0
For exclusions see headnote on page 83.
Through 1949, includes transactions in corporate bonds.
1/
2/
.1/
Net
purchases
Purchases
2/
2/
y
y
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
460.7
339.1
66.3
36.3
37.0
50.6
43.3
13.6
12.6
72.0
68.8
68.4
48.3
38.8
16.6
y
y
y
y
108.3
y
y
y
y
-.6
141.6
188.5
197.4
283.6
296.0
251.8
258.9
-21.6
11.7
15.3
3U.0
6.1
28.7
35
51
17
72
50
296.2
392.3
416.1
359.0
246.4
284.4
447.7
-108.7
18.7
47.6
27.2
29.3
9.1
7.7
32.2
23.7
-8.9
-17.1
22.6
18.
19
22
29
49.
23,
23,
220.0
54.6
24.3
-99
-51
9
176.3
44.8
45.1
-171.6
-15.8
-7.8
Purchases
367.6
226.1
369.7
354.1
666.9
739.8
650.2
589.1
1,115.1
1,561.2
1,619.5
1,306.4
1,397.3
2,224.4
1,976.5
3, 06'. 3
2,260.2
2,724.0
3,076.2
2,098.5
Net
purchases
Sales
-64.5
-150.6
-144.3
-21.2
2.9
120.3
432.1
376.7
514.1
375.3
664.0
6!9.5
649.2
533.9
980.2
1,433.7
1,363.5
1,163.8
1,453.6
1,861.5
1,774.8
2,744.b
2,149.1
2,526.5
3,425.3
2,424.9
193.8
231.0
298.4
246.8
245.3
226.8
269.5
354.8
269.4
111.1
197.5
-349.1
-326.2
-49.8
-43.0
-24.9
-27.0
-37.2
318,
204.9
217.9
256.0
I42.6
-56.3
362.9
201.7
322.7
243.6
273.9
323.4
273.7
282.6
226.6
261.9
277.1
278.1
1.0
55.2
135.0
127.5
300,
.2
7.6
9.3
-48.5
-41.6
-64.9
-95.8
-92.5
345,
31
343
310
purchases
of
domestic
securities
-334.2
-89.
-192.2
75
944
-584
314
-11
149
635
156.4
141.8
-2.7
1,124.4
378.4
735.7
-668.2
877.8
-510.5
-418.2
-100.0
-114.7
-47.4
-31.8
-11.0
-74,
-16,
15,
61,
2,
-222.
-91.
-91.
Through 1949, included with transactions in U. S. Government bonds and
notes.
*
Preliminary.
Less than $50,000.
p
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
Purchases
1946
,
1-947
1948
1949
1950
,
,
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965-January-Augu3t p
1964-August
September
October
November
December
1965- January
February
March
April
May
June
July p
August p
p
Preliminary.
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
1,093.3
990.5
914.8
571.9
37.4
50.7
251.9
86.2
93.5
48.9
•54.9
46.1
88.1
117.2
97.2
71.7
47.8
Sales
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
1,915.1
1,457.6
1,U5.0
1,262.4
2,037.3
2,086.0
1,838.1
1,334.4
31.8
96.6
399.5
342.2
220.8
107.3
268.7
157.5
182.9
145.5
250.4
134.7
87.4
Net
purchases
Purchases
265.5
24.5
-79.8
9.8
-121.0
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026
81.7
88.8
173.8
272.3
293.9
310.1
393.3
663.6
749.2
592.8
467.2
-512
-562
566.1
509.1
-460
595.7
702.0
695.6
748.4
609.5
-9U
-1,095.4
-923.3
-762.7
5.6
-45.9
-147.6
-256.1
-127.3
-58.4
-213.8
-111.4
-94.9
-28.3
-153.3
-63.0
-39.6
65.2
57.1
48.7
49.1
60.3
54.8
72.3
86.5
78.7
78.0
92.5
69.9
70.9
64.3
1^8.7
Sales
Net
purchases
65.6
42.6
96.7
70.8
-.4
14.6
-15.0
18.0
198.2
348.7
329.6
-24.4
-76.4
-35.8
6.8
-251.6
-214.3
303.4
644.9
877.9
875.2
621.9
803.7
803.8
591.7
965.6
805.9
644.3
548.2
389.1
32.5
42.5
59.3
49.6
59.2
48.1
821.2
715.9
293.3
-336.4
-237.7
-82.6
-370.0
-103.9
51.2
200.3
220.2
410.1
763.0
772.7
789.1
852.7
1,185.8
1,356.9
1,355.7
1,291.8
1,356.2
1,511.7
1,392.0
1,397.6
1,795.3
1,686.1
1,663.2
1,181.3
16.2
6.7
1.0
99.8
312.2
-126.1
-29.1
5.1
13.0
38.4
U.5
34.1
55.3
22.6
23.3
69.2
51.6
36.4
40.2
43.8
Total
purchases
18.3
34.5
86.1
140.9
165.8
135.4
133.6
124.0
180.6
24.1
187.1
168.1
136.0
24.9
116.5
Total
sales
556.1
6':'6.8
386.2
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
2,386.3
1,723.6
64.3
139.0
458.8
391.9
280.0
155.4
313.2
212.8
252.2
197.1
286.8
174.9
131.2
Net purchases
of foreign
securities
265.1
39.0
-94.8
27.8
-145.4
-377.0
-217.9
-72
-300
-30
-511
-722
-1,362
-749.7
-6U.7
-830.4
-1,047.9
-1,0U.2
-723.1
-542.2
21.8
-39.2
-146.5
-251.0
-114.3
-20.0
-179.6
-88.8
-71.5
-10.0
-118.7
-38.9
-14.7
.
October 1965
87
CAPITAL MOVatENTS.
Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
(Position at end of period in millions of dollars)
Calendar year
Country
1961
1962
255.1
326.0
52.1
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
2,226.6
11.6
326.4
4.8
15.7
329.1
177.4
67.0
73.2
1,156.6
2,729.9
118.9
1,383.8
248.2
124.7
160.6
177.2
490.5
907.5
25.2
1,608.6
10.5
351.7
2.6
18.5
10,322.0
10,161.7
2,757.6
3,348.9
234.7
228.2
105.3
146.8
42.5
494.7
86.7
84.0
209.6
204.1
135.3
148.3
14.7
1963
Euro]pe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe j/.
U.S.S.R
Other Eastern Europe j/.
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
531.1
418.0
228.0
111.0
88.8
14.9
98.2
105.1
101.1
405.0
264.7
122.8
97.4
10.5
2,340.5
2,448.0
34.6
55.5
77.7
185.0
92.0
264.4
254.6
35.7
65.3
41.4
28.5
81.3
2,195.2
135.7
174.5
75.2
332.7
278.6
2,973.6
3,444.1
33.9
35.2
67.9
41.5
13.9
160.5
57.0
American Republics ^.
Bermuda 6/
Antilles and Surinam.
America ^6/
Total Latin America
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa:
Congo { Leopoldville)
Morocco 6/
South Africa
United Arab Republic (Egypt)
Other Africa 8/
Total Africa 8/
Other countries;
Austral ia
All other 8/
Total other countries 8/
International and regional:
International
European regional 2/
Latin American regional
Total international and regional !/•
Grand total
75.6
63.0
1,671.6 2/
199.5
,
93.0
31.7
14.5
110.2
283.3
V
1964 2/
V
Treasury Bulletin
B8
CAPITAL MOVaOOTS
Section
Table 2*
-
II
-
,
Summary by Countries
Short-Terra Banking Claims on Foreigners
(Position at end of period in ndllions of dollars)
Calendar year
Country
1962
1963
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Ehirope
U.S.S.R
Other Eastern Europe
30.1
68.2
186.1
6.5
53.6
96.8
33.4
26,9
35.0
8.8
19.4
17,8
Ad.
14.2
25.5
30.1
70.0
48.0
236.8
6.6
22.9
75.4
41.5
221,4
5.7
19.5 4/
K
7.9
V
15
877.0
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
7.9
25.5
13.3
52.2
69.5
121.2
9.1
7.3
32.2
13.6
526.1
American Republics..
Bermuda
Antilles and Surinam,
America
Total Latin America
180.9
171.3
186.3
131.4
17.0
A07.9
29.5
85.0
122.2
102.1
65.6
5/'
V
9.2
97.9 i/
1,606./;
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
Other countries:
Australia
All other
Total other countries
,
1.7
13.5
19.9
.4
37.0
,739.9
3.4
70.4
9.3
41.5
80.3
2,017.2
2.4
6/
10.3
25.5
6/
6/
41.1
136.5
International and regional
Grand total
,
57.26/
5,163.2
6/'
1/
1
October 1965
89
.
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 3.- Long-Term Banking Claims on 7orelgners
(Position at end of period in millions of dollarg)
Calendar year
Country
1962
Europe :
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
n.s.s.R
other Eastern Europe
Total Europe
1963 1/ 2/
65.4
101.2
11.8
10.0
12.9
24.5
80.3
13.4
31.6
57.1
1964 4/
10.2
39.1
237.8
75.5
48.6
45.2
17.6
16.1
134.8
83.5
55.3
64.6
61.8
158.9
50.0
374.3
15.2
265.9
85.8
69.6
109.6
41.8
.1
.7
.8
.8
25.2
37.9
76.6
1.1
.9
4.8
8.9
1.9
19.9
87.4
3.3
19.3
17.4
13.3
1,687.7
1,712.6
53.3
41
38
135
16
160
1.1
5
201.9
26.6
1,100.7 2/
577.6
Canada
1964 3/
134.9
86.5
56.8
66.1
66.3
159.5
50.3
382.7
15.2
267.9
82.4
73.1
109.1
37.3
19.9
303.6
Braz il
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
289.8
272.6
324.8
62.0
Latin America:
Argentina
86.2
267.1
81.6
167.4
16.3
169.1
17.5
46.1
47.3
253.1
18.5
64.3
23.4
61.6
86.7
.9
.6
.6
.6
194.9
21.5
13.3
322.4
25,7
26.0
31.3
56.6
64.2
43.7
4.9
453.0
512.0
77.3
49.1
37.0
100.6
99.2
37.2
33.8
1.5
American Republics,,
Bermuda
Antilles and Surinam
America
166.9
9.8 i/
7.5
71
I
.?y
1.3
5.0
1,161.9
1,272.4
1.6
28.3
2.0
30.9
28.2
248.5
3.2
100.8
1.6
3.7
31.3
24.8
384.7
28.6
429.9
3.7
144.2
3.4
7.8
443.5 2/
Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
51.2
47.3
36.9
99.6
91.0
35.8
33.8
622.8
684.5
14.0
14.3
1.7
1,015.3 2/
:
Total Asia
3.0
15.0
1.5
24.6
27.7
74.3
70.4
.6
3.6
27.4
222 .
Africa
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)....
Other Africa
3.1
138.0
3.4
7.6
31.4
34.1
:
28.2
.1
.5
.5
69.1
86.3
115.4
6/
Total Africa
Other countries
Australia
All other
35.0
6/
23.9
1.6
6/
112.9
122.7
153.1
60.2
97.6
.8
22.8
:
Total other countries
43.8
66.94/
171.1
V
7.6
5.8
67.7
103.4
International and regional
Grand total
.1
21.2
15.5
.2
2,160.4
3,029.8
1/^
I
3,97 1.4 3/
Treasury Bulletin
90
CAPITAL MOVBiffiNTS
Section II - Summary by Countries
>.
Table 4.- Net Transactions In U. S Government Bonds and Notes by Foreigners
1/
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States
.
,
October 1965
91
.
CAPITAL MOVHiffiNTS
Section II - Summary by Countries
Table 5.- Net Transactions In Long-Term
Domestic Bonds,
Other Than U. S. Government Bonds and Notes,
by Foreigners
[IB thousands of dollai-s; negative figures Indicate net sales
by foreigners or a net outflow of capital
from the United
Calendar year
Country
1962
1963
1964
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
-9
23
-439
-410
-1,793
-409
-3
-451
-103
-3
-2,616
-73
-19
-927
-1,545
U,804
-273
2,053
373
460
-4,291
11,196
-19
7,616
-4,366
6
-16
33,345
194,219
-76,249
Total Europe
Canada
,
-51,845
-31,853
132
917
217
687
-70
461
-46
-20
65
108
-1
American Republics l/.
Bermuda
Antilles and Surinam.
America 1/ 2/
-26
1
310
-2,705
1,284
-279
20
1,589
-35
28Q
-148
53
593
179
-420
93
2/
2/
912
1,786
1,153
574
1,247
-4,702
64
796
5,302
-2,135
6
,
81
19
69
-2
233
17
-36
-3
-10
-12
-29
,
Total Latin America
. .
Total Asia
Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
104
-25
334
-6
-18
904
Total Africa
Other countries;
Australia
All other 2/
Total other countries 4/
International and regional;
International
European regional
Latin American regional
Total international and regional..
56
-2
87
4,905
262
723
9
3,771
766
6,143
5,033
2/
i/
4
52
82
-19
55
3/
-2
56
3
(
Grand total
-7
172,530
-338
235
671
,
Asia:
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines.
Taiwan
Thailand
Other Asia
25
-609
13,574
-2
,
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
782
10,674
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
Latin America:
Argentina
Brazil
Chile
Colombia
-110
-334
-1,128
11,258
-6
9,507
140
269
211
11,345
-4
Sj)ain
Africa;
Congo
585
2,65i
-23
-400
-251
J/
V
-11
i76
49
166
602
194
12,078
16,190
12,078
16,190
-51,333
9,329
-21
-505
Treasury Bulletin
92
CAPITAL MOVBffiNTS
Section II - Summary by Countries
Table 6.- Net Transactions In Domestic Stocks by Foreigners
(In thousands of dollars; negative
October 1965
93
.
CAPITAL MDVatENTS
,
Section II - Summary by Countrlep
Table 7.- Net Transactions In Long-Term Foreign Bonds by Foreigners
(In thousands of dollars; negative figures Indicate net sales by foraleners or a net
oatflow of capital from the Hnlted States)
Calendar year
Country
1965
1962
1963
1964
through
August p
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece.
Italy
Netherlands
Norway
Portugal
Spain
:
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 1/
D.
S.
S.
-2,051
-10,111
-36,191
606
-37,252
-19,018
-i.59
9,504
30,920
-23,437
24
2,572
-338
29,212
28
27,579
-5,014
3,867
-56,627
-10,899
10,948
-1,006
-28,399
2,125
-46,623
-63
3,543
-3,037
56,514
3,269
281
-4,133
-25,017
16,817
18,435
795
-1,531
-13,333
-9,311
6,956
7,011
10
20
-24,509
-8,909
-17,379
-3,973
6,318
10,321
-3,951
-5,843
-9,795
-20,164
-203
2,110
52,843
-149
-45,551
86, 881
-3
U2
-15,601
-23,647
484
-2,704
18,555
-6
332
-5
-11
-19
-174
-44,018
-43,675
77,416
-44,003
-434,047
-744,318
-768,731
-413,632
107
4,086
1,518
408
9,124
3,298
2,349
11,107
2,871
1,093
3,205
-7,335
1,179
1,003
1,836
'-28,413
-41,596
U
-8,325
-23
1,679
1,923
456
4/
-6,326
-12,168
1,63]
-9,974
218
108
3,282
868
-16,222
-1,423
220
1,243
-1,444
1,374
773
2,129
-8,362
411
1,003
-2,517
-3,763
R.
Other Eastern Europe 1/ 2/
Total Europe
Canada.
Latin American
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics 2/
Bahamas and Bermuda
Netherlands Antilles and Surinam,
Other Latin America 2/ tj
Total Latin America
541
-3
5
-12,867
-8,465
9
1,574
-5,694
3,U2
55 =
-34,671
-35,026
-9,333
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
1,046
-63
4
-49,149
-94,191
1,497
-1,402
1,527
-1
-90,649
6,769
-20
-43,272
-33,037
-9,859
-14,499
-1,518
-4,228
-1,792
1,052
2,509
13,060
Total Asia
-147,484
-177,251
Asia:
China Mainland
-700
315
1,000
Africa;
Congo (Leopoldville)
301
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
-1
7,500
2,181
-i:
-16,543
-83,914
-105,911
-6
-9
9
4,636
2,823
-1
-1
-1
5/
2,323
13,279
9,435
^
International and regional;
International
European regional 1/
Latin American regional
Total international and
regional
6/
6,943
-34,383
-27,320
y
Grand total
y
50
W
Total Africa
Other countries:
Australia
All other
Total other countries
y
-1
-22,243
5,019
18,207
2,886
21,093
-48,124
-166, 347
5,000
-74,285
-105,270
8,597
23,850
-17,445
-147,506
-96,673
-141.101
-943,976 -^1,095,440
-923,320
-235,632
3
Treasury Bulletin
94
CAPITAL MOVatENTS
Section II
Table 8.
- Siimmary
by Countries
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)
95
October 1965
CAPITAL MOVEMENTS
Section II - Summary by Countries
Estimated Holdings of U. S. Government Bonds and Notes
Table 9.
(Position at end of period in millions of dollars)
On basis of 1963 survey
On basis of I960 survey
Country
December
1963
1964
April
U
1963
1962
1965
December
14
14
July p
June
Ma/
August p
Europe;
2
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.
S.
S.
1
16
13
14
14
14
1
1
1
1
3
6
7
7
1
1
1
tf
a
1
1
1
1
1
2
i.
5
5
5
5
98
68
63
68
3
1
87
1
126
131
1
2
2
2
24
79
471
493
502
523
539
49
49
4'^
49
49
7
2
129
75
40
79
40
78
39
79
24
407
49
tt
US
328
414
50
45
48
7
7
361
1
6
68
24
87
2
133
S3
8
370
1
24
37
2
2
«
R
Total Europe.
389
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
686
7
637
690
7
7
683
788
Canada
1
7
>
1
1
93
83
14
ft
*
1
Other Eastern Europe.
\
1
2
748
793
311
735
738
725
722
29
26
26
26
26
'
-
'
<
2
10
4
1
#
1
1
American Republics,.
Bermuda
Antilles and Surinam
America
Total Latin America
2
2
2
2
5
5
3
15
16
15
4
16
33
33
25
26
Asia:
China Mainland
1
Hong Kong
India
Indonesia
I
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
1
1
1
a
srael
9
9
2
5
2
»
»
2
5
5
a
»
36
39
40
40
40
40
40
40
38
34
47
49
53
53
53
53
53
51
16
16
16
16
16
16
16
16
50
»
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
16
Total Africa.
16
Other countries:
Australia
All other
Total other countries.
International and regional:
International
European regional
Latin American regional
Total international and regional
Grand total
798
1,129
84
1,135
34_
911
1,213
1,218
2,110
2,781
2,742
722
827
76
76
77
903
798
2,405
2,3U
2,379
77
77
798
,333
Treasury Bulletin
96
CAPITAL MOVEMENTS,
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners as of August 31, 19651/
(Position in thousands of dollars)
,
,
.
October 1965
97
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of August 31, 10651/
{Position in thousands of dollars)
Short-term claims payable in dollars
Loans to:
Total
shortterm
claims
Country
Foreign
banks and
official
institutions
Collections
outstanding
for oun
account and
domestic
customers
Other
Short-term claims payable in foreign cxirrencies
Acceptances
made for
account
of
foreign-
Deposits of
reporting
banks and
domestic
customers
with
foreigners
Total
ers
Foreign
government
obligations
and commercial and
finance
paper
Other
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.
9,707
38,515
81,789
41,985
200,488
38,978
27,506
2,627
29,020
9,003
31,332
18,010
70,699
72,459
126,352
11,888
102,024
32,736
43,784
26,264
44,586
35,024
69,517
41,944
104,486
38,951
26,468
2,624
27,888
33,948
9,557
15,154
6,891
7,339
5,125
10,695
40,052
16,073
19,227
1,796
2,594
14,311
1,123,474
936,039
253,814
34,
«4
19,807
70,920
81,0i8
169,092
12,007
107,708
38,113
.
29,512
45,
Total Europe
Canada
Total Latin America,
35
503
1,166
12
32
3,320
1,656
28
704
3,102
1,797
221
8,589
42,740
119
5,684
5,377
1,090
3,248
758
3,491
12,272
41
96,002
27
1,038
697
3,099
1,418
213
8,035
19,777
96
5,229
4,765
1,089
236
561
2,981
11,735
17,912
2,684
30,453
30
271
3
22
1,132
189,914
206,612
50,919
187,435
18,254
137,586
10,913
63,985 303,650
25,956
35,825
21,872
65,270
26,129
54,908
28,438
89,238
103
192,151
14,091
35,167
6,956
52,509
40,587
29,421
54,081
13,995
29,871
20,418
16,345
46,039
8,603
37,946
9,583
52,363
84,703
1,914
10,104
2,898
12,364
3
202
177
8
554
22,963
23
1,132
234,780
7
3
13,281
534,388
'213,662
110,666
134,734
260,614
16,454
644,479
121,405
67,673
169,752
209,842
51,506
288,864
18,822
16,438
40,288
34,097
42,694
10,451
13,174
21,036
13,173
20,962
164
2,479
5U
530
19,361
48,127
1,972
31,007
7,187
7,138
13,373
3,518
1,538
41,717
107
26,377
1,322
365
10,004
57,396
6,021
20,313
2,421
11,617
3,594
3,939
21,605
27,193
9,853
24,583
11,969
3,121
2,820
22,089
5,926
9,931
1,785
19,851
1,705
5,611
8,677
422
2,240
394
St-^
46,
1,081
13,534
1,726
3,809
3,601
16,131
2,786
11,075
21,220
6,957
218,689
110,749
134,994
261,557
16,481
671,988
46,791
122,345
67,673
172,277
209,959
51,961
748,
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
,
Peru
Uruguay
Venezuela
Other I^tin American Republics,
Bahamas and Bermuda
Netherlands Antilles and
Surinam
...,..,,..
Other Latin America
3U
3,676
4,650
2,674
8,802
22,152
29,063
,119,674
2,086,436
603,220
733
31,830
18,685
1,602
53,040
2,823,199
20,657
194,022
9,647
73,522
100,741
728
31,780
18,348
1,602
51,690
2,761,621
20,652
193,700
9,647
73,516
100,010
728
18,351
4,317
218
24,442
560,246
10,516
95,084
2,533
16,673
29,275
107
16,377
541
580,343
107,175
4,915
53,022
565
1,215
217
5,321
1,023
:,53i
2,698
93,267
4,687
29,611
8,587
29,210
41,189
5,525
3,012
197
10
5,831
3,982
7,022
24
72
141,780
4,915
40,740
213,979
31,438
117,370
15,171
27
18
9
83
5
1,609
78
173
932
8
19,299
3
260
943
27
24,158
27, 509
311
2,24?
2,259
1,573
669
4,195
277
940
87
11
19
6,601
267
922
2,525
117
455
1,021
74
447
1
1
2,124
74
17
5
3,454
500
966
6
82,990'
1
6,U1
41
84,998
224
612
231
391,123
463,637
48,113
33,238
9,490
4,71^'
2,604
3,530
n05
50
10
337
1,350
61,578
5
2,500
21,248
57
1
171
613
43
61,569
322
891
49
335
8,780
1,458
1,621,912 121,292
1,093
1,260
40, 150
236
1,717
273
46,177
1,581
7,497
10
18
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan.
.-.,,
Korea
Philippines
Taiwan
Thailand....
Other Asia,
Total Asia.
1.78
Africa:
Congo (Leopoldville)
3,263,294
762,333
5,508
1,105
8
12,014
65,346
109
39,079
728
3,517
14,329
9,386
1,376
4,996
392,825
8,934
18,127
4,433
6,876
47,328
1
2
1,350
9
4
2
149
6
731
49
86
198
596
1,454
141,743
493,993
1,733,460
126,715
':4,384
250
152
903
17,108
5,773
518
464
695
786
1,159
305
307
305
155
152
847
593
2,137
32,215
35,548
71,470
593
61
2,137
31,056
35,243
71,163
595
15,674
16,931
18,664
1,473
147
30,241
282
1,390
12,488
1,057
15,699
Total Africa..
Ul,963
140,192
51,925
32,263
30,916
23,784
1,304
1,771
92
Other countries:
Australia
All other
45,727
13,735
40,700
7,783
430
2,567
940
21,436
6,455
14,818
1,449
5,027
5,952
3,351
349
1,676
5,603
59,462
48,433
430
3,507
27,891
15,206
1,449
1J,979
3,700
7,279
1,130,291
1,149,757
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total other countries.
.
.
International and regional:
international
European regional
Latin American regional,.
i:
7
108
7,5:\744
"i:i8,Q5?
Total international end
regional
Grand total
1/
11
7
108
50
i:>'
Excludes foreign currencies held by U.
S-
1,693,07';
monetary authorities.
2,
506,
r.
^4
3.--,
739
98
Treasurij Bulletin
,
:
October 1965
[
99
CAPITAL MOVEMENTS
Sect Ion III - Preliminary Details by Countries
Table 4.- Purchases and Sale 6 of Long-Term Securities by Forelgnerp During August, 1065
1/
(In thousands of dollars)
Sales by foreigners
Purchases by foreigners
Domestic securities
Country
U. S.
Total
purchases Government
bonds and
notes
Europe
Austria
Be Igium
Denmark
Finland
France
Germany
Greece
293
8,351
64
428
94
113
sales
339
465
41
127
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
n.s.s.R
other Eastern Europe
10
231
118
912
1,619
7
100
1,354
3,095
84,loO
969
11,255
4,294
105
2,579
6,559
116
696
1,108
772
80,690
11
23,973
34
2,606
,426
2 ,898
98 ,067
11
117 ,213
1
1,322
13,000
50
1 ,187
Total Europe
779
3,092
426
li ,766
Government
bonds and
notes
1,704
13,727
1,303
6,024
12
777
127
96
12,563
31
20
13
23
330
145
442
7,307
6,694
3,619
4,492
14,531
5,405
138
5,684
12,246
13,703
196
1,597
2,567
103,998
18
180,776
Foreign securities
Corporate and
other
Stocks
Bonds
2
43
1,041
1,635
9,854
146
1
1
U3
3 ,570
21 ,i83
Itali-
4,370
1
1
35
U. S.
Stocks
Bonds
10
12 ,9A0
13 , 5'-U
Total
Corporate and
other
183
13 ,369
Domestic securities
Foreign securities
129
11,066
3,549
138
2,407
8,816
142
3
317
125
13,012
29
308
88
50
2
22
154
1,624
3,543
67,731
950
152
1,192
342
83,047
16
106,124
73
1,779
2
3,000
30i,053
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
98,848
3,933
143,473
19,984
32,815
360,594
81,079
95,073
Canada
1,729
5,162
39,753
16,294
32,135
148,742
4,917
13,316
U, 367
21
995
758
283
488
320
102
162
101
93
1,412
809
422
351
111
42
19
77
1,100
676
237
341
19
88
2,416
2,876
662
1,275
2,260
1,129
2,730
4,212
64
3,669 235,456
:
1,429
923
7o9
638
213
20
2
2
23
71
20
10
American Republics..
Bermuda
Antilles and Surinam
America
Total Latin America
2,809
3,923
435
1,468
2,649
286
1,939
3,354
133
733
300
407
164
2,086
313
107
910
19,522
,759
184
5,243
4,317
1,209
1,840
3,107
,
10,185
52
2
541
1
5,278
4,250
12
65
41
424
245
29,7^7
63
111
29
IS
1,964
447
323
21
68
49
25
1,200
159
2,759
3,212
698
1,494
2,808
1,386
5,623
5,183
66_
26,223
2,5
13
99
48
147
422
459
2
260
1,286
19,978
11
5,951
12
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
2
10,959
6
7
6
7
2,059
1,328
520
428
538
1
5
1,50-^
503
15
391
137
31
12
31
25
5
4,407
490
30
506
364
45
154
1
140
2
6,197
245
40
25
2,155
Africa
Congo (Leopoldville)
20
1,945
39
67
4,296
2,000
16,711
Total Asia
38
25
2,222
20
13,285
2,101
1,014
15,729
2,075
9,279
11
24
112
132
11
6
12
29
172
12
183
10
19
10
19
35
:
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
11
41
276
5
5
459
234
209
386
341
17
408
33
93
792
32
12
19
Other countries:
Australia
All other
855
683
International and regional
International
European regional
Latin American regional
550
11
256
210
1,538
Total other countries
724
122
583
846
109
466
941
1,221
221
24
6,160
:
Total international and regional.
3,427
221
1,241
35
35
3,633
35
451,647
100,682
4,000
1,241
941
1,442
24
16.553
217,943
47,767
68,702
Grand total
6,160
558,322
4,000
92,341
132
12
173
Bonds
Stocks
Treasury Bulletin
100
CAPITAL MOVBffiNTS
Table
1.-
Sectlon IV - Supplementary Data by Countries
Short-Term Liabilities to and Claims on Foreigners Reported by ^tonbanklng Concerns
Footnotes at end of table.
1/
October 1965
101
CAPITAL MOVMENTS
Section IV - Supplementary Data by Countries
Table 1.- Short-Term Liabilities to and Claims on Foreigners Reported by Nonbanklng Concerns
i/
(Con.)
(Position at end of period in thousands of dollars)
Claijns on foreigners 2/
Seventh revised series
Eighth revised series
Ninth revised series
Country
1963
1963
September
December
December
3,182
3,461
160
3,473
5,527
26,323
4,704
3,369
48,415
105,605
6,951
101,650
24,083
5,555
6,913
25,765
19,477
30,116
6,239
218,488
3,286
4,278
140
2,764
7,617
22,452
7,543
4,278
47,225
103,190
9,247
106,141
32,016
6,731
8,383
28,764
16,553
27,478
5,075
234,244
3,446
4,095
737
2,679
7,617
22,453
7,543
4,278
47,228
103,337
9,248
106,344
32,017
6,731
8,383
28,764
16,553
27,478
5,075
241,322
3,446
4,095
737
2,679
1964
June
1964
June
September
1965
December
March
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.
i,939
27,346
6,984
3,269
50,250
105,913
6,082
89,358
27,917
5,449
6,818
23,046
19,594
34,849
6,667
200 544
,
R
Other Eastern Europe
Total Europe
6,552
17,577
5,643
7,126
52,179
113,907
13,284
101,373
34,448
6,296
7,635
31,945
20,217
22,513
4,616
248,078
3,709
4,804
71
3,559
5,654
20,500
6,852
5,415
63,720
81,928
6,4U
5,497
19,897
6,562
5,139
67,050
79,405
8,712
99,249
29,760
6,476
10,044
46,275
16,555
17,240
5,155
279,653
2,600
6,287
377
2,415
2,352
9,106
101,146
30,300
6,689
10,190
46,961
17,292
18, 599
5,294
283,737
3,314
377
4,942
16,914
6,398
8,214
50,275
94,780
9,640
39,732
32,371
6,598
8,764
44,923
13,670
16,010
4,240
407,123
2,823
6,410
98
2,679
6,553
18,524
6,261
6o,81fr
52,338
139,827
9,823
94,820
31,094
7,662
4,056
42,141
19,143
21,657
9,086
329,244r
3,273
9,016
298
2,227
''',751
16,127
9,183
6,007
69,084
114,147
6,331
84,476
28,486
6,363
7,664
39,227
20,724
23,712
11,519
364,273
6,393
7,222
1,232
2.693
822,2f7r
837,169
l,057,'375r
833,442
629,351
649,648
677,894
685,328
705,542
730,903
714,335
Canada
917,540
836, 524
685,438
731,614
910,414
931,731
922,977
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
29,466
103,302
25,945
20,064
5,959
55,511
13,704
18,892
4,950
37,052
37,690
9,614
9,351
10,632
28,303
112,131
22,918
21,696
6,367
53,344
12,629
19,124
4,410
37,678
39,981
10,829
9,675
8,482
24,597
112,724
25,379
18,841
5,180
60,211
13,411
22,042
4,147
35,659
39,230
9,969
U,VoU
10,310
24,597
112,726
25,391
20,691
5,180
60,252
13,411
22,044
4,947
35,660
39,233
9,969
4,964
10,546
22,312
117,727
24,464
20,566
5,143
58,627
10,091
22,769
5,241
37,236
42,475
20,497
4,968
10,156
20,402
126,318
22,986
23,262
5,029
62,368
10,427
23,213
6,267
40,204
4A,858
20,633
4,943
10,876
20,060
125,037
21,390
22,060
4,936
58,251
9,839
22,114
5,998
37,759
42,182
20,153
4,652
9,182
25 798
128,306
24,639
25,390
4,482
64,191
9,241
23,269
8,040
382,132
387,567
386,664
389,611
402,772
421,786
46
3,466
i9,356
3,790
6,822
140,000
4,439
11,023
5,588
i,742
44,155
55
169
169
52
4,166
41,656
6,503
7,416
130,108
3,512
10,643
3,253
4,072
42,235
4,440
42,237
9,581
6,926
160,878
5,746
9,465
4,023
10,562
40,619
4,440
42,237
9,581
6,926
160,878
5,746
9,465
4,023
40,623
5,816
39,407
4,575
7,239
169,692
5,430
11,505
3,381
6,781
45,689
51,411
7,471
174,170
4,582
14,054
5,084
6,771
54,860
60,092
8,654
45,220
4,924
5,565
180,863
4,866
15,246
4,980
7,032
61,836
273,427
253,619
294,646
294,650
299,617
298,193
293,827
3U,866
326, 502
339,379
2,441
1,397
8,404
14,227
23,094
2,217
1,035
12,621
13,103
26,123
2,197
1,032
11,906
12,778
24,865
5,004
2,285
10,900
11,559
27,303
6,192
1,026
11,346
12,650
26,054
2,375
963
19,331
16,788
23,437
49,563
55,099
52,778
57,051
57,268
62,944
Total Latin America
831,654
1,032, 17>;r
30,471
46,503
18,692
4,456
10,013
25,234
24,596
4,285
68,879
11,934
25,724
10,021
45,789
51,325
11,422
4,150
°,543
33,042
113,042
24,659
25,699
4,111
68,907
10,852
21,267
9,089
40,191
49,135
8,078
2,850
9,171
403,613
437,929
467,895
420,093
32
29
5,227
39,397
5,081
7,518
5,077
38,435
5,073
7,245
159,687
18
6,830
36,600
191
8,556
40,511
4,344
6,856
179,814
4,201
11,451
,
U,909
1U,517
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
,
,
,
Africa;
Congo (Leopoldville)
,
4,U1
11,247
4,387
7,281
52,908
4,374
11,132
4,339
7,025
5,051
5,435
2,280
2,387
2,887
U,952
1,047
9,177
11,959
17,799
1,927
9,438
11,407
17,717
1,928
9,488
11,467
17,718
41,433
42,262
43,426
Australia
All other
27,599
7,545
28,251
7,152
32,362
9,320
32,365
9,326
32,611
5,398
36,963
5,982
35,660
5,792
33,338
6,726
37,760
6,869
32,965
8,013
Total other countries
35,144
35,403
41,682
41,691
33,009
42 ,950
41,452
45,114
44,629
4;, 973
220
2,735
108
699
1,125
852
591
16
352
592
16
1,157
242
882
194
367
194
129
32
59
111
198
62
72
21
51
3
1,097
1,061
2,481,759
2,430,043
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
2,353
1,095
3,224
14,309
10 562
160,674
4,426
193
Other countries;
International and regional;
International
European regional
Latin American regional
Total international and regional.
Grand total
1/
2/
3,063
1,824
1,459
1,460
1,471
2,232,0^0
2,256,847
2,131,209
2,137,342
2,40'', 388
As reported by exporters, importers, industrial and commercial firms,
and other nonbanlcing concerns in the United States.
Data exclude
claims held through United States banks, and intercompany accounts
between United States companies and their foreign affiliates. Beginning with the May 1965 issue, the detailed breakdown as of the most
recent date for which data are available will be shown in Table lA
of this Section.
Data are included from firms reporting for the first time as of
262
,''19,
260
173
7f ,^'-
March 31, 1963 (seventh revised series), and December 31, 1963 (eighth
revised series). The eighth revised series also includes claims
previously held but not reported. The ninth revised series includes
reports from firms having $500 thousand or more of liabilities or
of claims; for previous series the exemption level was $100 thousand.
The exemption level was raised to relieve smaller firms jf reporting,
without affecting the reliability of the statistics.
Revised.
Treasury Bulletin
102
CAPITAL MOVEMENTS
Table lA.
-
Section IV - Supplementary Data by Countries
Short-Term Liabilities to and Claims on Foreigners Reported by Nonbanklng ConcernsDetails as of March 31, 1965
{Position in thousands of dollars)
Claims
Liabilities
Country
Payable
Total
in
dollars
Europe:
Austria
Payable in foreign
currencies
Payable
Payable
in
foreign
currencies
Total
in
dollars
30sits with
banks abroad
in reporter'
own name
4,963
15,362
9,000
5,610
52,692
92,030
4,877
74,793
286
154
28
43
1,001
18, 336
1,107
24, 520
3,336
47
218
899
1,502
611
155
354
15,391
3,781
847
5,235
630
98
184
1,173
240
310
114
45,829
033
804
229
6,751
16,127
9,183
6,007
69,084
114,147
6,831
84,476
28,486
6,368
7,664
39,227
20,724
28,712
11,519
364,273
6,393
7,222
1,282
2,693
565
109
356,363
282,934
73,429
837,169
706,273
52,251
78,645
72,498
40,735
31,76?
?38,442
693,767
26,097
118,578
2,747
10,885
3,645
11,618
964
1,277
28
396
537
492
184
14,860
5,094
189
95
211
33,042
113,042
24,659
25,699
4,111
68,907
10,852
21,267
9,089
40,191
49,135
8,078
2,850
9,171
30,349
108,473
23,063
22,695
1,227
66,652
10,384
19,335
8,775
35,210
43,519
7,184
2,749
8,819
527
2,166
2,637
1,280
2,310
6,128
25,199
6,667
907
18,650
12,634
1,558
5,036
1,271
1,783
8,730
3,083
10,341
147
5,732
24,662
6,175
723
3,790
7,540
1,369
4,941
1,060
2,072
2,049
800
45
268
107,120
80,076
27,044
420,093
388,434
12,650
19,009
1,361
1,554
18,726
5,333
1,434
16
343
2,921
171
127
4,068
249
4,095
2,044
304
15,186
8,954
5,223
108,118
4,641
13,208
4,787
6,690
50,440
232
5,101
497
42
62, 580
44
965
77
211
4,717
281
2,657
419
17,U5
193
8,654
45,220
4,924
5,565
180,863
4,866
15,246
4,980
7,032
61,836
192
8,141
37,462
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
1,377
1,897
21,647
5,504
1,561
21,513
280
6,081
2,103
605
24,140
Total Asia
8(=.,708
67,731
18,977
339,379
242,910
74,466
22,003
426
180
213
246
2,375
963
19,331
16,788
23,487
1,593
646
18,920
11,253
20,732
39
253
266
2,016
168
188
3,039
1,059
743
149
223
2,496
1,696
,646
,224
,686
585
Belgiu.Ti
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.
,341
,765
,207
,034
,444
,790
,703
,904
,028
,950
,810
,672
531
,929
81
Total Europe
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
175
P eru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
American Republics...
Bermuda
Antilles and Surinam.
America
Total Latin America
Asia
1,1"5
21,393
1,572
441
30,637
58,368
3,675
9,211
19,581
1,594
1,064
3,917
5,839
29,338
6,
3c '2
82,171
514
5,327
541
3,831
114
144
4,704
11,397
1,532
6,823
20,863
196
639
987
189
4,612
508
15,501
17
602
81
2,15'.
562
6,223
7,262
37,155
20,432
25,641
10,799
302,926
5,882
2,805
1,282
2,019
4,U8
52
2,761
606
15,518
492
2,354
1,932
316
694
2,884
639
52
313
59
19
2,063
1,616
416
1,619
255
2,909
3,567
94
56
84
;
China Mainland
Hong Kong
India
Indonesia
Israel
Africa:
Congo (Leopol^ville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
263
21,907
1,458
31
1,986
59
301
50
4,008
1
300
10,165
181
1,073
116
131
6,679
9,586
21,654
1,192
7,570
Total Africa
33,640
30,809
2,831
62,944
53,144
4,493
5,307
Other countries:
Australia
All other
23,093
8,444
17,038
7,311
6,055
1,133
32,965
8,013
28,733
6,057
2,429
830
1,803
1,126
31,537
24,349
7,188
40,978
34,790
3,259
2,929
44
U
20
20
111
62
111
62
173,216
246,471
Total other countries.
International and regional
International
European regional
Latin American regional.
:
Total international and regional
Grand total
1/
64
64
687,930
526,698
Beginning with the May 1965 issue, the detailed breakdown aa of the most
recent date for which data are available la shown In this saction.
173
161,232
173
2,539,178
2,119,491
October 1963
103
CAPITAL MOVMENTS
,
Section IV - Supplementary Data by Countries
Table 2.- Foreign Credit and Debit Balances in Brokerage Accounts
(Position at end of period in thousands of dollars)
Credit balances (due to foreigners)
Country
December
1961
December
1962
December
1963
December
196,1
Debit balances (due from foreigners)
June
1965
December
1961
December
1962
December
1963
53
68
367
December
196i
June
1965
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
16i
2,282
203
Italy
2,305
9,556
2,951
456
1,763
333
141
2,309
134
12
5,839
2,601
159
1,674
5,640
1,090
456
2,089
303
U,311
U,157
19
8,iU
3,936
2U
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turk ey
United Kingdom
Yugoslavia
Other Western Europe 1/
U. S. S. R
Other Eastern Europe 1/ 2/
Total Europe
274
2,128
140
12
5,246
3,109
355
2,039
4,088
971
535
1,907
798
42,857
33
34,
53
35
U7
9,291
9,863
10
11
1,310
778
331
3,738
408
4
7,542
3,655
196
2,443
5,529
997
325
2,538
526
58,560
193
10,901
1,187
1,381
1,542
246
50
116
1,689
148
3,433
2,861
760
3,431
2,060
661
4,967
1,056
4,186
4,645
403
22
6,562
3,350
195
2,884
4,296
1,507
340
1,803
439
47,015
34
12,510
27
1,559
233
2,522
71
10
5,382
3,431
726
2,953
2,166
628
5,010
140
1,032
65
16,342
53
58
1,693
432
13,029
2,563
270
14,665
54
253
565
12,125
7,942
14
521
541
11,223
60
642
3
113
977
152
14
3,939
4,858
296
l,06O
195
28
3,987
4,125
508
3,845
2,437
210
38
1,816
678
15,239
105
6,987
966
4,718
3,186
17,334
328
6,837
19
585
789
242
34
1,878
367
2
256
223
16
409
368
36
77,269
75,262
85,208
99,518
47,436
37,637
52,675
_42,888
46.408
15,105
3,764
9,164
8,846
11,371
19,314
18,203
20,022
21,325
26,564
1,308
1,755
1,706
1,606
830
479
1,115
776
948
470
1,097
871
499
417
2,636
897
1,065
1,372
866
2,260
752
1,881
558
657
287
1,486
865
403
321
79
58
2,278
2,156
475
2,478
3,045
3,157
2,159
365
1,566
3,788
552
626
1,198
737
471
218
168
1,335
1,792
660
2,195
1,784
174
6
2,481
1,992
81
Canada
Latin America
Argentina
Brazil
Chile
Colombia
100
113,087
:
341
523
351
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
2,288
2,085
536
647
65
2,059
2,560
448
1,884
3,806
1,004
1,361
2,101
86
968
1,077
2,377
757
1,498
323
3,066
1,596
423
1,545
2,086
633
487
1,900
359
16,379
18,752
17,422
15,037
186
2,213
44
93
3,129
103
4
9
4
2,589
2,816
43
4,002
70
349
2,764
2,371
199
American Republics 3/
Bermuda
^.
Antilles and Surinam.
America 3/ tj
Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
337
176
1,973
2,833
1,231
1,989
1,625
1,602
2U
V
20,
090
531
294
539
9
7
2,634
1,495
303
1,316
1,577
224
2,286
197
898
2,674
626
431
1,257
93
13,951
14,165
2,964
885
1,286
555
1,491
2,006
704
1,274
2,272
947
635
648
100
18,918
12,573
13,923
10
29
53
1
32,275
42
11,215
15,882
160
8,047
203
11,791
36
409
485
9
311
276
y
529
414
;
54
3
348
102
194
163
775
24
112
375
37
36
41
52
47
414
178
482
668
336
4
55
630
117
12
110
14
36
30
2,593
2,555
38
258
460
8
161
85
40
2,688
19,789
11,639
15,574
12
75
354
105
10
551
19
71
26
23
366
76
73
14
493
1,097
505
666
35
19
10
3
2
77
177
223
207
54
18
52
57
866
76
2,101
67
2,032
68
43
20
2,557
2,283
1,193
73
1,553
4,002
6,110
6,268
6,056
7,360
34,475
14,036
6
25
y
46
147
18
382
23
28
62
4
332
34
28
70
12
558
6/
601
449
702
172
Philippines
Taiwan
Thailand
Other Asia
Total Asia
,
Africa
Congo ( Leopoldville )
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
U
101
39
141
38
16
128
55
2
;
y
83
6
,
y
127
49
y
Total Africa
6/
i/
119
17
6/
y
693
40
y
y
Other countries;
Australia
All other
202
504
Total other countries
^
87
618
129
188
253
338
76
125
556
419
923
114
222
183
128
341
76
801
V
906
317
425
414
817
2,075
336
311
417
139,455
120,960
84,524
107,842
90,621
103,794
International and regional
Grand total
1/
2/
3
14S
,
374
111,801
109,034
"Other Western Europe" may include balances with some Eastern European
countries through December 1962.
Through December 1962, includes Czechoslovakia, Poland and Rumania
only,
y
Through December 1962, "Other Latin American Republics" Include only
Bolivia, Dominican Republic, Guatemala and El Salvador; data for
other Latin American republics included with "Other Latin America."
116,024
ij
y
y
Through December 1962, Bahamas and Bermuda are included with "Other
Latin America."
Through December 1962, "All other" countries include Morocco and
"Other (frica."
Through December 1962, "Total other countries" include "Total
Africa."
Treasury Bulletin
104
CAPITAL MDVaiENTS
Table 3.
-
Section IV - Supplementary Data by Countries
Short-Term Banking Liabilities to Foreleners In Countries and Areas
Not Regularly Reported Separately!/
(Position Bt ena of period In thousands of dollars)
December
Country
"Other Western Europe"
Qyprus
Gibral tar
Iceland
Ireland, Republic of
Luxembourg
Monaco
"Other Eastern Europe"
Albania
Bulgaria
Czechoslovakia 2/
Estonia
Hungary
Latvia
Lithuania
Poland 2/
Rumania 2/
Soviet Zone of Germany
657
728
5,632
2,906
10,830
1,729
3,411
178
1,170
14,042
Ivory Coa st
Kenya
Liberia
Libya
Malagasy Republic
Mauritania
Mozambique
Nigeria
"Portuguese West Africa"
Somali Republic
Southern Rhodesia
Sudan
^
T'inisla
"Other countries"
New Cal edonia
New Zealand
2,435
3,616
574
4,501
15,297
6,470
902
31,349
20,190
1,608
27,124
4,636
52,283
7,557
981
10,065
14,599
24,871
2,558
7,906
504
11,061
776
1,063
1,258
U9
180
662
1,027
1,576
1,495
432
328
409
669
1.264
'.,110
759
1,509
6,321
20,052
3,588
1,321
1,316
32,567
29,127
58,037
53,449
47,862
12,940
20,031
5,564
34,963
8,892
41.690
2,286
35,050
35,909
40,649
62,082
65,091
17,312
26,292
4,689
52,255
8,396
57,781
5,487
43,186
31,495
55,815
67,060
48,702
14,348
26,04A
6,994
42,393
11.377
56,023
7,367
53,054
28,567
47,256
65,220
y
9,043
1,044
11,665
1,310
6,344
643
7,983
1,104
16,047
1,387
2,757
5,288
1,415
2,468
12,606
4,858
110
18,742
8,489
1,161
33,033
14,007
65,873
18,368
1,106
15.850
17,030
28,384
3,563
4,995
1,397
9,865
6,931
3,101
472
23,505
19,849
2,792
46,539
8,818
76,320
24,104
2,059
17,341
21,722
61,710
2,111
12,127
3,344
4,178
1,592
22,103
2,130
3,664
4,029
5,491
2,046
32,508
1,491
2,410
6,348
2,546
n.a.
1,694
2,723
52
98
23,422
a, 601
2,715
56,363
4,978
34.194
22,167
1,954
23,056
25,566
197,229
7,583
19,043
4.894
10,057
903
22,275
1,740
6,433
853
936
2,109
22,009
14,084
1,607
17,045
758
4,068
540
21,864
5.421
17,619
5,496
639
21,048
2,510
26,796
656
1,407
3,967
7,U9
11.525
1,360
21,772
419
1,662
6,469
1,990
1,216
574
906
5,173
8,697
17,384
9,735
1,922
389
n.a.
326
440
1,550
1,063
695
4,700
5,990
8,598
2,448
377
10,560
2,352
1,633
23,182
16,498
42,028
36,283
40,865
10,487
13,776
3.255
14.838
2/
533
April
1965
5,667
22,472
3,077
851
1,638
1,029
504
318
7,205
1,507
1,268
"Other Latin America"
British West Indies
French West Indies and French Guiana
December
1964
1964
243
1,419
781
1,453
1,838
356
411
13,522
1,379
2,236
275
1,558
1,1A0
1,524
1,115
421
368
8,899
1,650
1,557
26 .173
13 ,284
22 ,835
23 .595
45 ,773
9 .865
14 ,769
1 ,840
17 ,345
4:,874
21 ,936
"Other Africa"
Algeria
Ethiopia ( including Eritrea)
French Somaliland
Ghana
Guinea
722
1,657
6,974
10,696
7,361
2,687
617
1,242
3,148
3,240
16,111
"Other Latin American Republics"
Bolivia 2/
Costa Rica
Dominican Republic 2/
Ecuador
Guatemala 2/
Haiti
Honduras
Jamaica
Nicaragua
Paraguay
El Salvador 2/
Trinidad and Tobago
"Other Asia"
Aden and South Arabia
Afghanistan
Bahrain
Burma
Cambodia
Ceylon
Goa
Iran 2/
Iraq
Jordan
Kuwait
Laos
Lebanon
Malaysia
Nepal
Pakistan
F^Tikyu Islands (including Okinawa)..
Saudi Arabia
Syria
Viet^Nam
AprU
1963
1962
1961
n.a.
561
1,121
981
1,365
1,713
400
33,361
22,870
2,737
49,921
6,533
108,063
24,336
2,049
16,076
31.588
150,550
5,742
17,914
992
32,
U3
1,011
6,323
376
645
914
17,844
14,893
423
29
23
2,505
15,726
4,432
508
3,367
2,232
949
1,691
11,956
571
6,774
2,432
10,881
4,374
2,492
975
1,378
17,286
2,975
824
4,501
2,018
798
32
1,362
10,475
1,783
18.824
Through 1962, except as noted, data are based on reports from banks in
2/
the Second (New York) Federal Reserve District only, and include funds
2/
held in an account with the U. S. Treasury; subsequent data are as reported
by banks in all Federal Reserve Districts. They represent a partial
breakdown of the amounts shown for the corresponding dates for the
"Other" categories in the regular monthly series in the "Treasury Bulletin." n.p
^
395
1,367
2,574
20,011
28,921
638
11
1,361
17,811
2,450
840
4,685
1,529
33,736
1,583
5,589
n.a.
1,392
312
n.a.
n.a.
71 , 567
15,437
32,991
7,820
67,419
12,075
71,653
8,622
61,972
51,972
4,951
113,223
36,295
n.a.
24.799
32,678
288,036
3,179
19,708
2,090
45,200
889
5,127
455
n.a.
1,872
17,622
26,759
n.a.
n.a.
1,608
n.a.
4,629
820
3,564
2,219
988
19,706
Reported by banks in all Federal Reserve Districts.
Data for Trinidad and Tobago included with British West
Indies.
Includes data reported for Malawi (formerly Nyasaland) and Zambia
formerly Northern Rhodesia)
.Not available.
(
;
October 1965
105
CAPITAL MOVEMENTS,
Section IV - Supplementary Data by Countrl*
les
Table 4.- Purchases and Sales of Long-Term Securities by Foreigners During Calendar Year 1964
(In thousands of dollars)
Purchases by foreigners
Country
Corporate and
other
Total
U. S.
purchases Government
bonds and
notes
Bonds
Sales by foreigners
Foreign securities
Domestic seciirities
Bonds
Domestic securities
Total
sales
Stocks
U.
S.
Government
bonds and
notes
Stocks
Foreign securities
Corporate and
other
Stocks
Bonds
Stocks
Bonds
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
,
17 ,7i6
?1 ,283
11 ,793
5 ,991
191 ,823
155 ,020
2 399
75 ,701
233 ,405
1
26
202
2,855
250
2,710
775
1,388
128
1,261 ,924
297,822
3,555
3,951
391
2,604
5,648
17,342
47
685
18,976
45,559
13
201,168
6
20
57 ,730
12,765
2,313
a ,7U
19 ,107
33 ,875
71 ,242
1,194 ,931
577
31
902
3,263
6,490
249
111
22,012
7,028
12,826
38,203
2,602
817
145,021
62,767
1,813
4A, 572
135,096
5,270
18,573
20,840
3,365
942,615
402
632,671
6,139
30,949
4,741
24,724
6,035
4,860
24,200
48,373
65
24,515
12,240
17,131
146
10,997
23,137
158,134
149
67,713
152
16,766
123
64
16,337
38,654
99
3,108
77,158
1,481
92
1,242
3,752
41,595
13
62,550
500
81
10,614
1,039
1
10,375
84,019
15,029
30,301
231,200
110,496
2,406
92,589
164,697
88,202
17,205
33,425
149,484
1,317,516
12,733
1,140,490
4,832
55,867
1
9,065
28,638
338
2,078
8,706
49,783
1,577
174
181,837
65,578
2,209
37,588
118,046
7,684
12,446
20,985
5,484
,156,494
11,086
809,503
3,969
33,101
1
49
801
1,788
2,757
379
250
1,140
549
25
930
2,628
39,410
379
99
111,377
3,651
3,828
1,898
18
2,144
9,939
6,146
66
660
19,535
31,985
20
211,908
41
-.
Total Latin America,
22
462
202
7
1,444
558
38
602
357,939
303,816
2,105,003
439,026
264, 364
3,562,351
385,528
109,597
2,526,893
1,978,871
Canada
473
3,470,148
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
737,935
116,235
527,357
159,192
438,152
2,637,678
734,901
148,088
492,283
33,342
16,949
11,181
13,033
39
203
60
25
336
1,083
1,395
322
393
741
940
155
504
283
1,441
110
956
2,851
6,414
73
6,662
14,741
2,138
10,022
3,167
1,401
6,052
1,594
939
1,335
1,856
773
4,450
2,235
117
360
264
183
240
53
712
1,097
16,071
10,654
6,432
7,019
74,436
49,167
8,383
29,382
45,262
11,553
48,295
102,994
4,575
19,636
11,675
7,317
8,162
72
111,580
61,440
6,763
28,187
39,547
25,654
43,252
100,246
3,420
45
18
44
20
5
18,121
12,399
8,332
8,549
18
31,112
43,140
6,257
20,092
27,804
7,403
29,531
86,056
2,874
13,525
3,046
1,231
3,841
58
821
218
163
296
27
1,022
818
103
1,138
357
448,610
10,021
15,257
301,688
98,649
22,995
466,951
3
369
2,020
240
2,517
105
2,716
31
79 , 301
4,312
2,444
12,450
85,884
4,419
629
107,706
20,891
5
61
609
10,754
15,955
5,122
8
35,857
2,874
lU
10,218
29,877
7,333
30,438
55
49,024
21,149
34,510
4,119
4,679
12,316
71,253
7
49,158
147
7,204
98
37,012
12,033
99
2,903
12,935
452
195
7,002
222
54,133
1,620
41,283
506
19
10,282
1,341
221
25
41
166
Total Europe
1,472
24,U3
1,191
9,770
247
296
236
255
897
2,418
175
138
636
334,483
742
564
520
247
9,872
1,981
725
1,260
1,767
22,352
45,936
77,453
2,656
36
3,380
13,873
13,360
11,445
2,947
158
133,675
23,692
2,815
1,402
1,738
207
9
17,310
17,392
274,882
5
30
2,752
2,006
470
2,505
5
144
78,499
955
158
1,583
2,697
4,084
1,604
11,116
927,923
19
5,705
22,706
22,894
6,265
26,828
79,000
3,001
50
545
777
382
361,610 178,723
392
2,478
3,099
45
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other A s ia
Total Asia
Africa:
Congo
34
89,142
2,742
400
12,402
39,662
128
2,238
2,196
10,209
57,614
216,767
149
12,539
264
723
9
3,935
715
160
2,253
3,113
123
1,103
423
186
35,013
17,790
8,112
122,421
4
6,415
2,654
2
3
457
5
7,116
23,537
513
262
1,050
10,000
4,551
1,576
11,733
1,746
2,867
45,305
50,828
17,616
281,390
1
10
27
100
24
124
199
791
2,591
1,571
5,919
14
Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)....
Other Africa
224
769
7,389
1,930
14,190
158
54
,271
232
219
520
874
1,906
2,909
Total Africa
24,502
,429
290
6,428
9,079
276
Other countries:
Austral ia
All other
25,130
5,121
19
4
1,538
1,380
19,258
2,901
4,315
784
Total other countries...
30,251
784
23
2,918
International and regional:
International
Eui'opean regional
Latin American regional
172,519
6,805
988
15,514
16,930
10,366
180,312
16,502
16,930
6,349,461
1,149,400
460,663
(
Total international and regional
Grand total
97,765
16,768
5,825
1,218
10,121
1,000
2,500
2,370
328
58
164
1,202
663
356
30,981
1,036
3,079
117,299
134,742
10,315
193
719
703
1,483
35
6
19
61
25
,779
1
1,466
737
3,108
331
11,071
1,471
760
6,206
2,136
3,693
1,539
23
52
247
2,165
1,250
22,159
4,367
5,232
247
31
3,415
129,030
6,805
679
438,251
24,314
155,806
323,354
5,424
,293
14
10,366
135,835
679
618,371
331,704
5,424
4,307
3,076,181
914,768
748,449
7,583,044 1,487,116
284,371
3,425,285
988
-Jz
28
123
51
1
50
8,300
11
Treasury Bulletin
106
.CUMULATIVE TABLE OF CONTENTS.
November 1964 through October 1965
Issue and page number
1965
1964
Apr
Dec.
II
II
Reporting bases
Articles:
Treasury financing operations
A-1
A-1
A-1
A-1
A-1
1
Summary of Federal fiscal operations.
May
1
1
1
Aut".
ri
II
II
A-1
A-1
A-1
A-1
1
A-1
1
Administrative budget receipts and expenditures
Receipts by principal sources
Detail of miscellaneous receipts by major categories
Chart - Internal revenue receipts by principal sources
Expenditures by agencies
Interfund transactions excluded from both net budget receipts
and budget expenditures
Summary of appropriations and authorizations, expenditures, and
balances, by agencies
Expenditxires and balances by functions
Expenditures by functions
Detail of excise tax receipts
Summary of internal revenue receipts by States, calendar year 1964
July
1
1
II
ept.
;
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)
Interfund 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 Ftind
Railroad Retirement Account
nneiqjloyment Trust Fund
National Service Life Insurance Fund
Investment of specified trust accounts in public debt securities,
by Issues ( latest date June 30, 1965 )
10
10
10
10
10
12
12
10
10
11
11
12
12
13
14
11
14
13
15
15
15
16
17
14
15
16
16
17
18
18
19
11
11
10
11
13
12
13
U
Consolidated cash transactions;
Summary of Federal Government cash transactions with the public...
Intragovernmental and other noncash transactions
?0
?1
17
13
16
17
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 account balances
Summary of cash transactions through the Account of the Treasurer
of the United States
22
23
19
20
18
19
Debt outstanding
Summary of Federal securities
Computed interest charge and rate on Federal securities
21
11
11
12
12
10
10
10
10
11
12
11
11
13
11
12
12
13
14
12
12
13
15
13
14
15
13
13
14
16
14
15
16
16
14
17
17
14
15
16
16
IS
19
1?
l-T
18
19
22
23
18
10
16
20
18
19
24
20
25
21
18
19
23
24
20
26
22
20
25
21
27
27
28
23
23
21
21
24
22
26
26
27
22
22
23
22
23
24
25
26
22
23
24
28
29
30
27
28
29
23
24
25
25
31
27
30
26
26
23
24
16
17
32
28
26
31
27
29
29
31
27
29
32
31
33
31
36
21
25
21
17
17
18
19
20
;
Interest-bearing public debt
^
Average length and maturity distribution of marketable
interest-bearing public debt
Special public debt issues to U. 3. 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
25
25
26
22
22
23
21
21
26
26
22
27
23
23
24
26
27
23
24
25
22
23
24
27
23
29
74
25
26
26
25
30
28
30
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 subsoriptions for public
marketable securities other than regular weekly Treasury bills...
Disposition of matured public marketable securities other than
regular weekly Treasury bills
Foreign series securities (nonmarketable) issued to official
institutions of foreign countries
Foreign currency series securities (nonmarketable) issued to
official institutions of foreign countries
26
28
30
32
27
29
46
36
43
34
38
49
46
53
50
61
58
65
62
31
33
35
39
21
22
32
34
36
29
33
31
33
35
17
39
43
36
40
34
38
40
45
41
41
46
43
41
48
44
49
46
44
51
56
53
51
55
60
57
55
31
(Continued on following page)
2i
34
36
39
28
30
32
35
34
39
U
40
44
42
47
43
51
47
4'^
50
46
58
54
52
57
53
62
59
57
62
58
October 1965
107
.CUMULATIVE TABLE OF CONTENTS.
November 1964 through October 1965
-
(Continued)
Tggue and page number
1965
1964
Nov,
United States savings bonds:
Cumulative sales and redemptions by series
Sales and redemptions by periods, all series combined
Sales and redemptions by periods Series E through K
Redemptions of matured and unmatured bonds
Sales and redemptions by denominations, Series E and H combined...
Sales by States, Series E and H combined
,
Ovmership of Federal securities:
Distribution by classes of investors and types of issues
Net market purchases or sales for investment accounts handled by
the Treasury
Estimated ownership
Treasury survey of ownership of Federal secxirities
Ownership by banks, insurance companies, and others
Owners'nip by commercial banks classified by meiabership in Federal
Reserve System (latest date June 30, 1965)
70
Jan.
64
64
57
57
65
67
67
Dec.
58
67
60
71
Feb.
62
62
63
65
66
Mar.
Apr.
59
59
60
62
57
57
58
60
64
64
65
67
63
May
June
61
July
Sept.
59
59
60
62
64
64
65
67
68
60
61
61
62
64
61
67
62
64
63
61
63
63
61
69
65
63
70
65
72
73
68
69
61
68
69
63
64
61
69
62
70
65
66
63
64
70
62
71
65
66
74
70
63
70
65
63
67
65
72
67
:
I
Market quotations:
End-of-month closing quotations on Treasury securities by issues..
Chart - Yields of Treasury securities
76
74
67
67
75
71
69
71
69
77
73
71
77
70
81
72
82
78
79
74
71
72
73
70
78
75
73
83
79
84
84
80
85
Average yields of long-term bonds
Average yields of Treasury and corporate bonds by periods
Chart - Average yields of Treasury and corporate bonds
78
80
69
69
81
72
73
73
74
83
84
84
85
74
75
75
76
72
73
73
74
78
30
74
76
81
82
80
82
71
33
84
74
76
77
77
78
73
:
Monetary statistics:
Money in circulation
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury
Components of silver monetary stock
Seigniorage
Exchange Stabilization Fund (latest date June 30, 1965):
Balance sheet
U. S. stabilization agreements
Income and expense
80
76
74
35
81
81
77
77
82
73
75
75
76
86
86
37
75
77
75
76
76
75
76
76
.•
71
73
73
National bank reports:
Earnings, expenses, and dividends for calendar years 1960-6i
International financial statistics:
U. S. gold stock, and holdings of convertible foreign currencies
by U. S. monetary authorities
U. S. Treasury noninarke table notes and bonds issued to official
institutions of foreign countries
U. S, monetary gold transactions (net)
Estimated gold reserves and dollar holdings of foreign coxmtries
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 1 946
Summary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Long-term banking liabilities to and claims on foreigners,
latest month
Purchases and sales of long-term securities by foreigners,
latest month
Short-term liabilities Eind claims reported by nonbanking concerns.
Foreign credit and debit balances in brokerage accounts
Short-terra liabilities, countries and areas not regularly reported.
Purchases and sales of long-term securities by foreigners during
calendar year 1964
Foreign currencies acquired by the United States without purchase
with dollars:
Transactions and balances in Treasury accoxints
Transactions and balances in agency accounts
Corporations
Statements
Income and
Source and
and certain other business-type activities :
of financial condition t latest date March 31, 1965)....
expense (latest date December 31, 1964)
application of funds (latest date December 31, 1964)...
86
87
82
37
88
82
83
77
73
89
84
87
90
83
30
79
36
37
77
78
77
83
34
80
78
81
79
80
89
79
79
35
32
81
90
85
92
95
104
77
79
90
77
30
103
104
32
85
94
95
82
85
94
95
105
99
100
106
101
96
105
96
96
107
108
102
q7
106
107
97
97
98
100
91
94
84
87
96
97
100
97
101
98
84
87
96
97
102
99
98
107
108
109
112
113
100
103
104
114
105
103
100
104
107
108
101
104
105
99
100
103
104
109
106
105
104
104
103
106
104
125
93
96
105
106
35
83
102
113
82
91
101
111
111
79
80
91
33
82
85
94
95
79
111
131
99
i
Treas.
U.S. Treasury Dept,
HJ
10
.A2
1965
C.2
Treasury Bulletin
@FedFRASER