Full text of Treasury Bulletin : October 1966
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1966
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UNITED STATES TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
The Treasury Bulletin is for sale by the
Superintendent of Documents,
U. S. Government Printing Office, Washington, D.C, 20^.02
Subscription per year $8.50 domestic, $11.00 foreign.
Single copy price varies.
October 1966
Table of Contents
Page
Treasury financing operations
IV
Suinmary of Federal fiscal operations
1
Administrative budget receipts and expenditures...
2
Trust and other transactions
9
Consolidated cash transactions
14
Account of the Treasurer of the United States
18
Monetary statistics
21
Debt outstanding
22
Statutory debt limitation
27
Public debt operations
28
United States savings bonds
64
Ownership of Federal securities
68
Treasury survey of ownership of Federal
securities
70
Market quotations on Treasury securities
75
Average yields of long-term bonds
78
Exchange Stabilization Fund
80
International financial statistics
82
Capital movements
86
Cumulative table of contents
Ill
Treasury Bulletin
II
Reporting Bases
Data on receipts, expend! t^^res, and debt which appear in
Treasury'
s
"Combined Statement of Receipts, Expenditures
the "Treasury Bulletin" are based largely on two Treasury
and Balances of the United States Government" and for actual
financial reports, the "Daily Statement of the United States
receipts and expenditures in the "Budget of the United States
Treasury" and the "Monthly Statement of Receipts and Expendi-
Government
tures of the United States Government."
described below.
For other data in the Bulletin,
informa-
tion on sources or reporting bases is given in connection with
the monthly statement reports totals for net budget
1960,
receipts and budget expenditures after deduction of certain
interfund transactions which are included in the detail of both
budget receipts and budget expenditures.
The transactions
deducted consist of interest payments and minor amounts
the tables themselves.
The monthly statement of receipts and expenditures was
first published for February 195^, and replaced the daily
statement as the primary source of information on budget
results and other receipt and expenditure data classified by
type of account.
Beginning with the final statement for the fiscal year
Where these state-
ments are given as sources for individual tables, they are
Their respective reporting bases are
cited by name only.
.
At the same time, the daily statement was
of certain other payments made by Government agencies to
the Treasury.
This reporting change was made in accordance
with the plan stated in the President's Budget Message of
January 18, I960.
It does not affect the surplus or deficit.
Figures for earlier periods shown in the Treasury Bulletin
changed to a statement of cash deposits and withdrawals
were revised to the new reporting basis in the September I960
affecting the account of the Treasurer of the United States.
issue.
Both publications have provided comparative figures on their
dure do not include payments to the Treasury by wholly owned
respective bases from the beginning of the fiscal year 1953.
Government corporations for retirement of their capital stock
The announcement of February 17, WS-i, with respect to these
and for disposition of earnings.
reporting changes may be found in the April
1954-
issue of the
The interfund transactions deducted under this proce-
expenditures beginning July
Bulletin.
These capital transfers
have been excluded currently from budget receipts and budget
1,
19^-8,
and figures for prior
fiscal years back through 1932 were revised accordingly
The monthly statement shows all receipts and expenditures
at
that time.
of the Government, including those made from cash accounts held
outside the United States Treasury.
The information is com-
piled from reports by the Treasurer of the United States and
by-
The daily statement on the new basis was first issued
for February 17, 195^.
In the deposits and withdrawals as
all other collecting and disbursing agencies, including those
shown, no distinction is made as to the type of accounts
agencies which maintain checking accounts in commercial banks.
(budget,
These reports cover transactions recorded in the accounts of
certificates of deposit cleared through the account of the
the agencies during the reporting period.
transactions as compiled from these reports
The net of the
is
reconciled
trust,
The deposits are on the basis of
etc.).
Treasurer of the United States.
Total withdrawals are on
the basis of checks paid or cash disbursements made out of
Some of the withdrawal classi-
in the monthly statement to changes in the balance in the
the Treasurer's account.
Treasurer's account and in cash held outside the Treasurer's
fications shown are reported on the basis of mailed reports
account and changes in the public debt outstanding.
of checks issued and are adjusted by means of clearing accounts
Receipts of taxes and customs duties are reported on
collections basis.
a
Other receipts are reported partially
on a collections basis and partially on a deposits basis.
Expenditures, except interest on the public debt, are reported on the basis of checks issued or cash payments made
by disbursing officers.
Transactions of an interfund or
intragovernmental nature are included on the same basis
to the total of checks paid.
Except for relatively minor
amounts, noncash interfund and other intragovernmental trans-
actions are excluded.
The public debt figures in the daily
statement also are on a "clearance" basis, with the exception
of those issuance and retirement transactions reported on the
basis of telegrams from Federal Reserve banks.
However,
noncash debt transactions are included.
even though the actual issuance of checks may not be in-
The daily statement before February 17, 195^-, covered
Interest on the public debt is included on an accrual
not only transactions cleared through the Treasurer's account
volved.
basis beginning with figures for June 1955 and the fiscal
year 1955.
Prior to that,
payable basis.
it was included on a due and
The same reporting basis as that in the
monthly statement provides the fiscal year figures for the
but also certain Government agency transactions which
were
handled through commercial bank accounts, and included noncash
interfund and other intragovernmental transactions.
It pro-
vided information similar to that in the present daily state-
s
October 1966
III
Reporting Bases
ment with respect to the status of the Treasurer'
s
account,
-
(Continued)
Treasurer of the United States.
Beginning with 1947, expendi-
and similar to that in the present end-of-month daily state-
tures made through the facilities of the Treasury Department'
ment with respect to debt issuance, retirement, and amount
Division of Disbursement were on the basis of checks issued,
Receipts and expenditiires were classified by type
while certain others, principally those of the Department
of account, and the budget results shown in the daily statement
of Defense and its predecessor organizations, were on the
outstanding.
were used as the basis for reflecting the results under the
basis of checks paid.
President's budget program as enacted by the Congress.
mercial bank accounts, consisting of market transactions
Receipts were on the basis of deposits as they cleared
the Treasurer's account.
Treasurer'
s
Expenditures cleared through the
account were reported on two successive bases.
Through 19^6 they were on the basis of checks paid by the
Note:
Transactions handled through com-
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 1949
and on a checks-paid basis prior to that time.
Details of figures may not add to totals because of rounding.
Treasury Bulletin
IV
Treasury Financing Operations
Tax Anticipation Bills
On October
5
tenders were invited for $1.5 billion, or
September 30.
These issues were to refund $1 billion of bills
thereabouts, of 185-day tax anticipation bills, representing
maturing September 30 and to raise $400 million cash.
an additional amount of bills dated August 26, 1966, and for
were opened on September 27.
$2.0 billion,
or thereabouts,
of 24.7-day tax anticipation
bills, both series to be issued October 18.
The 185-day bills
mature on April 21, 1967, and the 247-day bills mature on
June 22, 1967, but they will be acceptable at face value in
Tenders
Tenders received for the 273-day bills totaled $985
million, of which $500 million were accepted, including $28
million of noncompetitive tenders.
The average bank discount
i
:
'
'
;
rate was 5.808 percent.
payment of income taxes due on April 15, 1967, and June 15,
1967,
respectively.
Tenders were opened on October 11.
Tenders received for the 365-day bills totaled $1,473
million, of which $900 million were accepted, including $66
Tenders received for the 185-day bills totaled $2,279
million, of which $1,507 million were accepted.
bank discount rate was 5.483 percent.
rate was 5.806 percent.
Tenders received for the 247-day bills totaled $2,457
The average
The limit for non-
competitive tenders was $400,000 and they totaled $223 million.
All bidders for either issue were required to agree not
\
Issues of regular weekly Treasury bills in September
totaled $11.5 billion, replacing an equal amount of maturing
bills.
There were five 91-day issues of $1.3 billion each
and five 182-day issues of $1.0 billion each.
that issue at a specific rate or price, until after onethirty p.m., Eastern daylight saving time, October 11, 1966.
Any qualified depositary was permitted to make payment
by credit in its Treasury tax and loan account for both issues
of bills allotted to it for itself and its customers up to any
amount for which it was qualified in excess of existing
deposits.
9-Month and One-Year Bills
On September 21 the Treasury announced the start of a
program to auction 9-month bills on a monthly basis to help
Treasury borrowing needs in the market
in the months ahead will be enlarged because of Government
investment account purchases of Federal agency securities, and
because of the cancellation of the sale of participation
The plan is expected to increase the market-
ability of the 12-month bill issues.
On September 21 tenders were invited for $900 million, or
thereabouts, of 365-day Treasury bills, to be dated September
1966, and for $500 million, or thereabouts, of 273-day
Treasury bills, representing an additional amount of bills
dated June 30, 1966, maturing June 30, 1967, to be issued
Average rates
for the new issues are shown in the following table.
to the purchase or sale or other disposition of any bills of
30,
']
13-Week and 26- Week Bills
to purchase or to sell, or to make any agreements with respect
certificates.
i
The limit for non-
million, of which $2,007 million were accepted.
raise additional funds.
The average bank discount
:
The average
competitive tenders was $300,000 and they totaled $238 million.
bank discount rate was 5.586 percent.
million of noncompetitive tenders.
'
13-week
(Additional amount of bills of
original maturity of 26 weeks)
!
October 1966
Treasury Financing Operations
Banking institutions generally may submit tenders for
account of customers.
recognized dealers in Investment securities.
Tenders from
others must be accompanied by payment of 2 percent of the face
amount of bills applied for, unless the tenders are accompanied
by an express guaranty of payment by an Incorporated bank or
(Continued)
Foreign Series and Foreign Currency Series
Tenders may be made without deposit by
incorporated banks and trust companies and by responsible and
-
Issues of foreign series securities in September consisted
of four 3-month certificates of indebtedness totaling |258
million, with Interest rates ranging from 5.10 percent to 5.50
percent.
Redemptions during the month totaled $80 million.
At the end of September the outstanding foreign series secu-
rities totaled $875 million.
trust company.
One certificate of Indebtedness of the foreign currency
Noncompetitive tenders (without stated price), usually
for $200,000 or less from any one bidder, are accepted in full
at the average price of accepted competitive bids for an issue.
Payment for accepted tenders must be made or completed
on the date of issue, in cash or other Immediately available
series equivalent to $50 million was issued in September.
This
certificate denominated in German marks bears interest at 5.75
percent, is dated September 1, 1966, and matures September 1,
1967.
Redemptions of matured bonds amounted to the equivalent
of $75 million.
Foreign currency securities outstanding at the
funds or in a like face amount of Treasury bills maturing on
end of September were equivalent to $859 million and were
that date.
denominated in Austrian schillings, Belgian francs, German
Payment for 13-week, 26-week, 9-month, and one-year
bills may not be made by credit in Treasury tax and loan
marks, Swiss francs, and Italian lire.
accounts.
Note:
Details of Treasury market financing operations are shown elsewhere in tables on public debt operations.
October 1966
SUMMARY OF FEDERAL
FISCAL OPERATIONS
(In millions of dollars)
Administrative budget
receipts and expenditures
Net
receipts
Net
expenditures
Surplus
or
deficit
Net
trust
and other
transactions
1/
Clearing
account,
etc. 2/
5,517
7,357
6,969
4,670
6,766
6,216
6,546
5,590
9,749
5,350
8,005
6,694
10,430
12,116
11,036
12,610
12,407
257,357
255,222
259,105
266,071
271,260
274,374
272,751
270,527
276,343
284,706
286,331
288,971
298,201
305,860
311,713
317,274
319,907
8,700
-1,730
8,025
7,875
-581
5,952
7,301
5,877
8,594
2,964
-447
62
1,770
-1,488
603
-635
-117
179
355
622
828
83
1,015
-134
-80
-713
1,520
26
2,851
-546
3,400
-4,498
2,412
-809
-1,550
2,197
1,289
21
42
1,900
-2,186
-1,140
2,661
-1,944
1961
1962
1963
1964
1965
1966p
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
96,507
106,917
-3,122
3,510
-4,017
-9,449
-3,117
-4,180
1,626
1,596
-2,819
-12,427
1,224
-3,856
-*,378
-6,266
-8,226
-3,435
-2,286
195
633
-329
-50
-602
436
97
551
426
571
507
44s
196
741
-978
-1,121
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
2,633
1967(Est.)
111,000
112,847
-1 , 847
120
-108
1,835
37,235
52,877
64,705
63,654
60,938
63,119
70,616
71,749
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
101,378
-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
-4,699
311
815
-41
101
739
-259
267
1,092
-691
23
-698
234
729
168
151
694
87
-106
-319
-209
-34
376
-21
224
109
-237
154
204
183
493
-576
328
-130
366
171
-188
387
19'60
Calendar years
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1964
1965
,072
,398
,037
856
8,450
8,329
7,051
8,770
1,622
-4,930
-15
1965-Jan
Feb
Mar
Apr
May
,642
,518
,188
,549
,268
7,676
-2,033
372
3,049
280
-848
4,335
-U5
20
29
46
Total
Federal
securities
Subject to
limitation
3/
813
590
462
257,377
255,251
259,151
266,123
271,341
274,418
272,825
270,634
276,444
284,817
286,471
289,211
298,645
306,466
312,526
317,864
320,369
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
320,102
321,436
244
321,680
321,505
4,232
4,295
6,064
4,577
5,180
4,545
4,427
4,606
4,961
5,583
6,411
6,494
7,509
7,375
7,295
6,582
256,708
259,419
267,391
275,168
278,750
280,769
276,628
274,898
282,922
290,798
290,217
296,169
303,470
309,347
317,940
320,904
24
42
54
76
34
53
103
104
109
127
156
330
518
742
809
455
256,731
259,461
267,445
275,244
278,784
280,822
276,731
275,002
283,031
290,925
290,373
296,499
303,988
310,089
318,750
321,359
256,026
258,794
266,821
274,671
278,256
280,348
276,276
274,564
282,607
290,513
289,971
296,061
303,616
309,724
318,464
321,078
10,189
5,691
8,104
7,295
315,610
315,635
318,486
317,940
821
834
809
316,496
316,456
319,320
318,750
316,135
316,096
319,034
318,464
5,745
105
1,480
1,795
7,942
9,231
9,336
10,816
12,610
317,983
319,883
317,697
316,557
319,218
317,274
664
693
719
657
606
318,646
320,575
318,416
317,213
319,823
317,864
318,361
320,290
318,131
316,929
319,540
317,581
-692
1,658
-1,493
2,154
2,810
-807
-4,124
-858
1,010
-2,852
974
-177
8,486
7,627
8,637
5,786
6,759
6,582
316,582
318,240
316,748
318,901
321,711
320,904
474
493
465
455
317,056
318,742
317,270
319,394
322,176
321,359
316,773
318,460
316,988
319,113
321,895
321,078
322,003
323,311
320,999
322,359
319,907
416
435
456
468
466
462
322,419
323,746
321,454
320,051
322,825
320,369
322,138
323,466
321,175
319,772
322,546
320,102
-388
-2,299
2,096
-551
331
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
1,575
-203
52
81
44
74
107
101
111
140
240
444
607
-423
2,711
7,973
7,777
3,582
2,019
-4,U1
7,U6
86
41
-595
-161
64
193
146
-268
972
-577
-617
244
377
Jihie
,404
8,139
8,268
8,116
9,070
July
Aug
3,807
7,350
10,999
3,295
8,106
9,553
7,240
8,990
9,452
8,750
9,105
9,426
-3,434
-1,640
1,548
-5,455
-999
182
-28
156
-45
126
189
-57
-1,059
983
294
-792
314
6,453
8,335
11,297
9,929
8,452
17,054
8,809
8,156
10,193
8,362
9,055
-2,356
66
71
88
782
-773
-174
116
-585
896
-480
-31
-720
1,099
1,308
-2,312
-1,416
2,777
-2,452
-1,076
973
-224
453
1,370
4,330
5,506
6,479
6,255
6,708
8,077
12,407
5,702
7,197
12,475
10,263
11,042
11,883
-4,561
-3,845
-175
-287
-°4
750
-1,857
840
-627
5,1a
-4,613
-850
1,666
7,794
6,944
8,610
319,280
324,420
324,748
489
484
502
319,768
324,904
325,250
319,502
324,638
324,984
25,374
33,187
-7,814
-557
-267
4,841
-3,797
8,610
324,748
502
325,250
324,984
1966-Jan
Feb
Mar
Apr
May
June p
July
Aug
Sept
Fiscal 1967 to date
2/
522
-523
530
-6
2,047
1,839
Guaranteed
securities
:
Sept
Oct
Nov
Deo
1/
6f^,262
72,738
79,518
78,157
84,709
87,516
88,696
96,679
1964-Sept
Oct
Nov
Dec
Source:
483
-2U
-401
-250
-303
284
Debt outstanding
:
1962
1963
Months
99
679
147
435
328
231
-194
Levels, end of period
Public
debt
(-)
36,422
47,480
61,287
64,671
64,420
60,209
67,850
70,562
68,550
67,915
77,763
77,659
81,4D9
86,376
89,459
93,072
104,631
1952
1953
1954
1955
1956
1957
1958
1959
Net
increase in
Treasurer' s
account
balance, or
decrease (-)
Balance in
account of
Treasurer
of United
States
(-)
Fiscal years :
1950
1951
Net
increase
in
public
debt, or
decrease
9,378
179
1,104
1,567
-603
7,676
593
59
279
-8
328
Actual figures through fiscal year 1952 and calendar year 1953
are from the daily Treasury statemsnt, and thereafter 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 1967 Budget dociunent
released January 24, 1966. (More details for data on this page are
shown in succeeding tables.)
Excess of receipts, or expenditures (-).
For detail, see pages 9-13.
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 (-).
3/
p
i319,583
590
502
522
For current month detail, see section on "Statutory Debt Limitation"
The limitations in effect during the
in each issue of the Bulletin.
periods covered by this table and the date when each became effective
are as follows: $275 billion on June 26, 1946; $281 billion on August
28, 1954; $278 billion on July 1, 1956; $275 billion on July 1, 1957;
$280 billion on February 26, 1958; $288 billion on September 2, 1958;
$290 billion on June 30, 1959; $295 billion on July 1, 1959; $293
billion on July 1, 1960; $298 billion on July 1, 1961; $300 billion on
March 13, 1962; $308 billion on July 1, 1962; $305 billion on April 1,
1963; $307 billion on May 29, 1963; $309 billion on July 1, 1963; $315
billion on December 1, 1963; $324 billion on June 29, 1964; $328
billion on July 1, 1965; and $330 billion on Jiay 1, 1966.
Preliminary.
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table
1.
Receipts by Principal Sources
-
(In millions of dollars)
Internal revenue
Employment taxes
Income taxes
Individual
Fiscal year
or month
Corporation
For old-age,
Total disability,
income and hospital
insurance
taxes
For railroad retirement
Not
withheld
Withheld
12,302
11,528
11,733
13,271
13,175
14,403
14,269
15,331
16,820
18,486
26,728
27,041
29,001
31,675
32,978
36,246
38,719
39,2^9
36,840
42,769
60,560
59,102
58,826
67,125
67,918
71,945
75,324
78,891
79,792
92,090
6,634
7,733
8,004
10,211
11,586
11,686
13,484
15,588
15,846
19,005
616
1966 p
21,531
20,533
18,092
22,179
21,765
21,296
22,336
24,301
26,131
3Q,g35
1967(Est.).
35,100
16,100
46,440
97,640
23,267 2/
772
4,236
625
2,427
9,658
2,133
6,442
8,020
1,061
447
1,414 1/
750
57
12
93
4,822
7,559
11,620
9,781
8,140
15,504
1957
1958
1959
1960
1961
1962
1963
1964
1965
1965-Sept.
Oct..
Dec.
141 2/
682
1966-Jan
Feb
Uar
Apr
7,244
2,440
751
.
.
Aug
Sept
Fiscal 1967,
to date
8,252
878
606
4,547
351
2,608
6,031
3,132
2/
2j
3,374
5,095 2/
3,792
173 2/
Less:
Fiscal year
or month
1,412
5,948
3,440
1,082
6,238
4,683
2,727
1,038 2/
936
6,259
1,151 2/
2,569
573
May
June p
July
2,995
1,263
5,793 2/
3,237
468
4,315
12,261
Internal revenue
applicable to
3,894
4,413
4,907
5,024
5,725
5,957
6,267
6,817
5,668
6,854
58
165
180
193
224
278
269
297
323
354
20
i967(Est.)..,
7,130
U3
35
.
.
1966-Jan
Feb
Mar
Apr ....
May. .
June p.
.
July.
.
Aug
Sept...
Fiscal 1967
to date ...
183
202
29
101
-126
607
2,054
1,520
1,312
532
218
187
154
559
23
18
25
29
35
32
35
45
3
3
2
4
228
28
*
9
1
4
5
1
1
3
5
3
4
2
10,638
10,814
10,760
11,865
12,064
12,752
13,410
13,950
14,793
13,407
80,172
79,978
79,798
91,775
94,401
99,441
105,925
112,260
114,435
128,843
754
800
948
1,123
1,008
1,171
1,241
1,284
1,478
1,811
2,749
3,196
3,158
4,064
4,082
3,206
4,436
4,077
4,622
5,797
544
24,583
3,331
13,557
139,111
1,880
7,050
2
2
193
213
185
12,132
3,790
9,291
10,281
159
153
164
140
348
384
766
386
458
948
851
622
636
683
1
52
1
803
238
336
2,559 2/
1,972
1,296
3,505 2/
2,653
12
93
62
20
107
63
75
466
7
4
423
3,117
2,04c
1,32c
3,615
2,719
292
207
272
491
328
224
1,007
1,038
1,133
921
1,104
1,158
6,545
11,922
15,066
12,514
13,187
19,605
136
129
168
151
158
172
456
4,603
5,873
10,947
1,660
2,500 2/
1,728
13
112
64
2
1,674
2,614
1,793
215
224
214
971
1,249
1,156
7,463
9,960
14,109
158
179
170
373
447
555
21,423
5,8
188
6,081
652
3,375
31,532
3
2
2
1
Federal OldAge and Survivors Insurance Trust
Fund
5,976
6,266
6,571
7,148
6,030
7,252
6,243
6,795
7,084
9,192
10,537
10,600
12,351
14,335
14,572
16,474
7,611
18,932
3,976
4,598
5,114
5,238
186
206
117
105
107
644
2,057
1,526
1,321
536
Federal
Disability
Insurance
Trust Fund
Federal
Hospital
Insurance
Trust Fund
Railroad
Retirement
Account
Unemployment
Trust
Fund
5/
862
343
453
945
847
615
561
2,210
772
539
4,378
73
31
57
12
2
90 2/
93
1
1
52
52
1
334
313
267
315
8
12
93
62
20
75
465
6
4
107
63
215 2/
155
104
285 2/
216
2,182 2/
1,666
1,142
2,940 2/
2,217
Highway
Trust
Fund 2/
607
571
564
572
593
636
683
929
953
945
994
1,057
1,082
1,442
100
1,375
1,479
2,026
2,074
2,539
2,798
2,949
3,279
3,519
3,659
3,917
616
333
863
837
416
1,324 2/
698
381
467
408
401
935
Transfers of tax receipts to
Less:
y
18
567
1,378
1,411
1,353
1,626
1,916
2,035
2,187
2,416
2,746
3,089
1,162
983
1,155
1,220
y
1958
1959
1960
1961
1962
1963
1964
1965
1966 p
Nov.
Dec
Miscellaneous
receipts
1,120
461
1,508
Total
refunds
Trust
accounts
1965-Sept...
Oct
Customs
7,581
8,644
8,854
11,159
12,502
12,708
15,004
17,003
17,104
20,256
330
336
324
341
345
575
525
607
571
564
572
594
Refunds of receipts ^/
Budget
accounts
1957
Total
internal
revenue
1/
2U
507
Nov.
Estate
and
Excise
taxes
gift
taxes
Total
employment
taxes
For unemployment
insurance
575
525
161
151
50
280
220
Deduct:
Interfund
transactions
6/
467
712
567
355
694
654
633
513
664
870
629
1
53
223
31
309
320
73
16
302
286
13
1
359
361
43
2
5
1
2;i
1,384
138
138
13
1
357
40
2,092 2/
206 2/
144
202
144
112
64
1
527
3
198
158
354
51
53
15
578
4,916
484
188
3
1,238
144
3
8
Actual figures are from the monthly statement of receipts and
Source:
expenditures of the Government (for explanation of reporting bases,
see page II); estimates, including effect of proposed legislation,
are from the 1967 Budget document released January 24, 1966.
1,U0
Beginning February, 1966 includes hospital insurance.
Fund.
Includes $2,210 million for Federal Hospital Insurance Trust
2/
Remaining footnotes on following page.
1/
...
.
October 1966
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table
2.
-
Detail of Miscellaneous Receipts by Major Categories
(In millions of dollars)
Fiscal year
or month
Total
Interest
628
745
RealizaDividends
tion upon
and other
loans and
earnings 1/ investments
438
674
506
328
328
587
436
1,012
Recoveries and
refunds
266
322
343
114
182
154
200
130
132
131
331
431
427
141
132
152
94A
503
91
127
204
1,058
396
1,568
123
163
408
15
10
12
26
26
36
32
48
4
9
37
69
37
1,731
968
1,820
194
1965-Sept..
Oct...
Nov
348
384
766
386
7
64
224
94
21
21
160
247
456
85
17
17
Dec
.
.
.
.
1966-Jan...
Feb...
Mar...
Apr.
May...
June p
.
July.
Aug..
.
.
Sept..
Fiscal 1967
to date , .
381
467
408
401
935
21
14
94
115
120
123
109
125
124
134
121
11
7
9
38
39
64
44
34
11
12
61
31
-10
32
7
21
10
14
12
62
128
93
30
-11
6
15
14
78
56
32
41
236
21
11
3
-18
47
54
57
12
81
28
373
447
555
50
56
140
63
158
29
27
23
1,375
169
439
79
U2
79
90
93
96
114
n
31
104
-11
9
Actual figures through 1961 are from reports to the Treasury
Department by disbiorsing officers and administrative agencies, on
the monthly statement reporting basis (see page II); and from the
monthly statement of receipts and expenditures thereafter. Estimates, including effect of proposed legislation, are from the 1967
Budget document, released January 24, 1966.
Source:
Footnotes to Table
Includes adjustments as follows: Income taxes not withheld, November
-$b million, February -J4 million. May +$98 million and August -$4
million; income taxes withheld, November +$128 million, February +$74
million. May -$122 million and August -$56 million; transfers to
Federal Old-Age and Survivors Insurance Trust Fund, November -$107
million, February -$73 million. May +$23 million and August +$56
million; and transfers to Federal Disability Insurance Trust Fund,
November -$15 million, February +$2 million. May +$2 million and
August +$4 million.
33
37
39
49
49
160
59
161
U
53
54
53
55
58
57
111
81
100
62
101
101
70
83
Other 2/
23
16
14
8
12
5
11
n
13
6
79
48
87
26
7
2I
1
5
2
-21
9
1
11
32
2
60
48
17
66
94
144
9
8
15
21
77
78
5
7
99
24
62
29
6
200
115
175
18
5
1
12
14
7
1
U
10
6
10
128
11
1
11
5
11
1
-20
8
12
-14
1
-2
U
5
1
9
10
6
12
1
11
7
1
14
11
31
25
34
Beginning October 1965 certain accounts representing profits from
silver coinage, previously classified as "dividends and other
earnings," have been classified as "seigniorage."
Consists of miscellaneous taxes (principally the tonnage tax on
foreign vessels entering U. S. ports), bullion charges, gifts and
tributions, and undistributed proceeds, sale of foreign currency.
Preliminary.
Less than 1500,000.
p
J/
2/
b/
6
7
13
70
5/
20
23
6
10
1
133
28
86
93
325
94
89
437
74
109
229
5
71
•
2/
Fines,
penalties
and forfeitures
110
118
128
134
824
169
Rents
45
69
117
649
7,050
984
1,393
371
Fees and
other
charges
for
services,
124
1967 (Est.)
765
955
1,077
1,111
805
743
860
V
Fees for
permits
and
licenses
312
304
350
374
330
342
370
409
1,076
752
496
347
967
942
877
Seigniorage
387
345
325
392
343
263
263
1962
1963
1964
1965
1966 p
1961
601
ties
Sale of
Sale of
Governprodment
ucts
property
etc.
2,749
3,196
3,158
4,064
4,082
3,206
4,436
4,077
4,622
5,797
1957
1958
1959
I960
Royal-
-
(Continued)
Interest on refunds is included in expenditures in table 3The principal amounts for refunds of employment taxes and certain
excise taxes (highway) are excluded from the transfers of tax receipts
shovm herein, and are included with refunds of internal revenue
receipts, applicable to trust accounts.
For content, see Table 4.
These transactions are included in the
detail of both budget receipts and expenditures but are deducted from
the totals (see Reporting Bases, p. II).
Less than $500,000.
p
Preliminaiy.
Treasury Bulletin
.
AEMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
•59
$Bil.
'61
$ Billions
80
28
76
76
24
72
72
20
68
68
16
64
64
12
60
60
8
56
56
4
52
52
48
48
80
44
40
36
32
28
24
Income Tax and
Employment Taxes*
Individual
(
..
.. . ..,
,
.
October 1966
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table
3.
-
Expenditures by Agencies
(in millions of dollars)
Defense E'epart.men+
Fiscal year
or month
Legislative
Branch
Executive
Judi- Office
ciary of the
President
97
99
39
118
126
13i
153
47
49
U7
152
165
181
62
65
74
79
205
91
1965-SeptemDer
October. .
November.
December.
15
23
16
14
6
1966- January .
February
March. .
April. .
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966p
1967 (Est.)
.
June p.
26
539
498
594
676
636
745
522
755
541
6
467
600
145
233
29
29
30
39
84
70
79
67
84
23
31
115
79
102
99
110
66
662
613
918
752
744
626
-93
291
166
-58
-66
28
94
104
87
30
29
51
lU
73
-24
72
65
75
4,411
4,198
5,246
4,766
4,559
5,899
-168
110
87
101
121
31
31
68
43
64
78
82
63
48
4,661
5,353
5,725
123
133
135
909
765
900
616
-122
135
171
38
30
510
121
34
390
2,573
1,004
427
334
418
-152
256
92
57
486
1,475
1,042
367
Treasury Department
Fiscal year
or month
Atomic
Energy
Commission
Federal
Aviation
Agency
National
Other
General
Veterans'
AeroindeServices
Adminisnautics
pendent
Adminisand Space tration
agencies
tration
Sdm.
V
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966p
1967 (Est.)
1965-September
October.
November.
December.
.
1966- January .
February.
March....
April
.
May
June p .
. .
July
August
September
.
fiscal 1967
to date
748
765
2,178 2/
875
987
935
1,059
1,193
1,306
1,340
2,765
2,625
2,404
91
1,407
2
17
97
177
S
lot.
!:--
55
9
8
158
102
205
135
44
115
103
192
408
347
383
401
7,244
7,607
7,593
9,180
8,957
9,120
9,895
10,666
11,346
12,034
68
74
88
77
104
405
12,750
53
96b
962
963
1,005
179
206
272
247
258
307
49
40
33
13
32
32
29
24
26
70
28
50
148
,
21
Interest
State
DepartOn
On
ment
public
refunds
debt
of taxes
1,035
976
1,035
1,013
1,025
1,088
1,091
1,064
1,086
57
69
76
83
110
6
113
137
1,990
2,263
2,541
2,623
2,713
,
18b
10
15
31
142
119
11^
570
441
508
638
698
726
751
795
804
180
425
359
408
387
445
466
593
624
607
635
300
197
103
241
797
770
578
805
874
405
359
443
3C7
378
525
914
113
112
104
136
6
012
674
774
1,322
49
76
121
V
518
567
,016
549
831 2/
620
257
370
480
500
159
10
12
'its
309
418
-4l4
62
7
7
1
''U
229
250
258
284
294
317
328
358
371
787
559
p,
57,150
502
739
410
328
250
772
572
666
751
690
801
908
1,029
1,124
1,205
1,325
199
1,152
Post
Office
Department 1/
10,191
255
6
2,295
2,645
3,092
7,403
3,685
4,215
4,909
5,498
5,740
7,652
Labor
Department
125
131
134
129
6
6
733
807
902
971
999
1,128
1,153
1,234
1,309
Interior Justice
Depart- Department
ment
364
18
8
839
38,439
39,062
41,233
42,824
44,677
48,205
48,252
49,760
46,173
54,363
Housing
and Urban
Development
Department
4,300
4,252
4,210
4,789
7
51
,
502
645
332
5,798
10
25
16
.
Fiscal 1967
to date
29
23
23
24
5 , 30b
4,875
7,091
5,419
5,929
6,669
7,735
7,397
7,298
5,986
4,115
4,081
4,109
1,764
1,808
2,053
3,968
4,119
4,^07 1/
4,278
647
756
603
13
.
July
August
September
70
52
57
to the
President
Health,
Education,
and
Welfare
Department
Commerce
DepartMilitary
ment
272
308
352
367
18
16
.
May
10
11
56
56
Agriculture
Department
Funds
appropriated
73
District
of
Columbia
6/
27
U
30
93
43
63
70
66
71
74
124
207
341
Deduct:
InterTotal by- fund
agencies transactions
2/
84
143
Net
budget
expenditures
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
Total
interest
Coramod-
ity
Credit
467
456
340
567
355
557
342
682
1966 p
664
870
629
640
620
499
648
852
611
421
181
465
410
330
186
199
459
302
1967 (Est.)
712
684
322
1
1
53
223
31
47
223
31
73
16
69
16
1957
1958
1959
1960
1961
1962
1963
1964
1965
694
654
633
513
1965- September
October
November
December
1966-January
February
March
April
May
June p
July
August
September
Fiscal 1967 to date
5
5
13
9
1
1
ExportImport
Bank of
Washington
31
41
46
43
57
51
34
15
U
Housing
and Urban
Development
Department 2/
47
45
39
90
118
146
160
152
147
138
4/
39
40
47
49
36
34
45
24
31
12
Other
V
24
30
42
35
6
8
6
154
125
14
Reimbursement by
Panama
Canal
Company
6/
Charges
for
audits
•
of
various
agencies
10
16
18
22
26
56
106 7/
9
12
11
13
12
14
15
17
17
19
9 8/
24
1
2
26
39
26
1
2
48
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 1960, payment for public
services.
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).
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 "Account of the Treasurer of the United
States," Table 4).
Net decrease is due to sale by the Commodity Credit Corporation of certificates of Interest on loans held by the corporation. Net expenditures, excluding this sale, were $340 million.
Reported on an accural basis effective June 30, 1955.
Consists of Federal payment and loans and advances.
These transactions are included in the deFor content see Table 4.
tail of both budget receipts and budget expenditures, but are deducted
from the totals (see Reporting Bases, p. II).
3
48
65
Footnotes to Table
3/
14
19
23
32
14
20
27
11
11
Informational Media Guaranty Fund beginning 1959; Federal Ship Mortgage
Insurance Fund beginning I960; St, Lavnrence Seaway Development Corporation beginning I960; Economic Opportunity Loan Fund and Upper
Colorado River storage project beginning 1965; and Farmers' Home
Administration rural housing loans beginning 1966.
For net cost of Canal Zone Government, less tolls on Government vessels, and for part of treaty payment for use of Canal Zone.
Includes $^8 million for power marketing agencies,
Includes $9 million for fees and other charges of power marketing
agencies.
Less than $500,000.
Preliminary.
6/
7/
8/
»
p
2/
10
Under
Defense
Production
Act
65
See Table 1.
Source:
1/ By Government agencies operated as revolving funds; on loans (see
"Debt Outstanding," Table 6) and other interest-bearing U.S. investments.
2/ Consists of payments by: Office of the Secretary for college housing,
urban renewal, and public facility loans; Federal National Mortgage
Association; and Public Housing Programs.
3/ Direct loan program and reopened insurance fund.
4/ By various agencies for programs under Defense Production Act.
Consists of payments by the: Colorado River Dam Fund, Boulder Canyon
project; Virgin Islands Corporation; Bureau of Federal Credit Unions;
Civil Defense Program Fund until 1966; Farmers' Home Administration;
1/
1
3
7
7
15
9
9
9
9
10
Veterans'
Administration
2/
1
39
144
6
11
1
40
51
144
Business
Admin.
Tennessee
Valley
Author-
39
40
51
53
Small
ity
130
43
53
Panama
Canal
Company
3
(Continued)
-
g/
2/
2S/
•
Effective January 1, 1957, the production credit coporations were
merged in the Federal intermediate credit banks, pursuant to Farm
Credit Act of 1956, approved July 26, 1956 (12 U.S.C. 1027, and operations of the merged agencies (as mixed-ownership corporations) were
classified as trust ehterprise funds from January 1, 1957, until
January 1959 when they were classified as Government-sponsored
enterprises (see "Trust and Other Transactions," Table 3); previously
the operations of the banks and the corporations, respectively, were
classified as public enterprise funds and were included net in budget
expenditures.
Includes $1,375 million paid to the International Monetary Fund for
the additional United States subscription, authorized by an act
approved June 17, 1959, consisting of $343.8 million in gold (see
"Account of the Treasurer of the United States," Table 4) and
$1,031 million in special notes. The special notes of the United
States issued to international institutions are nonnegotlable and
See also "Consolnoninterest-bearing and are payable on demand.
idated Cash Transactions," Table 2 and "Debt Outstanding," Table 1.
Includes an allowance for contingencies of $350 million.
Less than $500,000.
Preliminary.
8
October 1966
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table
6.
Expenditures by Functions
-
(Fiscal years; in millions of dollars)
Function
code
number
Functions
National defense
Department of Defense-Military
Military assistance
Atomic energy
Defense -related activities
1961
I96r
1963
1964
1965
1966p
1967
through
August 1966
1/
:
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
43,227
1,449
2,713
46,815
1,390
2,806
104
48,252
49,760
1,721
24
1,485
2,765
172
2,758
46,173
1,229
2,625
136
54,369
948
2,404
-59
57,662
47,494
51,103
52,755
54,181
50,163
216
1,927
158
1,653
249
2,130
197
1,726
346
1,826
297
1,479
207
1,704
346
2,094
223
1,641
1,861
227
1,459
3,954
4,301
4,151
3,687
4,304
3,864
,?57
2,552
4,171
5,093
5,933
3,093
234
3,954
300
342
4,1U
3,438
268
392
457
2,294
169
373
333
497
:
151
152
153
154
Total international affairs and finance
Space research and technology
251
7U
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 2/
351
352
353
35i
355
2,345
349
341
324
391
3,667
4,338
5,311
5,475
4,898
3,667
iOl
1,4a
-102
331
61
1,623
280
68
1,779
303
1,832
332
1,922
374
71
91
73
81
94
91
94
112
55
60
73
105
130
73
105
120
134
94
2,112
407
108
130
153
90
2,056
2,206
2,451
2,563
2.750
2,999
716
569
36
914
781
835
658
39
578
879
706
54
874
201
162
99
iD3
i05
409
Total natxiral resources
Commerce and transportation:
Aviation
Water transportation
Highways
Postal service
Advancement of business
Area and regional development
Regulation of business
501
502
503
505
506
507
508
Total commerce and transportation
Housing and community development
Aids to private housing 3/
Public housing programs
Urban renewal and community facilities
National Capital region
251
342
324
414
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
1
201
1,779
315
301
347
324
303
367
341
67
74
84
91
875
728
39
805
557
398
98
,573
2,774
2,843
3,002
3,499
2,975
-44
150
-149
163
162
261
51
74
-537
178
222
70
-595
149
306
59
-818
230
420
64
-475
233
445
75
320
349
-67
-80
-104
278
1,878
345
1,882
2,786
464
2,827
271
654
672
33
41
797
427
770
366
7
101
401
401
;
551
552
553
555
Total housing and community development
Health, labor, and welfare;
Health services and research.^/
Labor and manpower
651
652
653
655
659
Public assistance^.
Economic opportunity program
Other welfare services
Total health, labor, and welfare
Education;
Assistance
Assistance
Assistance
Other aids
^
for elementary and secondary education
for higher education
to science education and basic research..
to education
^
^
701
702
703
70i
Total education
Veterans' benefits and services;
Veterans' service-connected compensation 0/
Veterans' nonservice-connected pension 6/
Veterans readjustment benefits 3/1
Veterans' hospitals and medical care
Other veterans' benefits and services 6/
'
801
802
803
804
805
Total veterans' benefits and services
Footnotes at end of table.
961
1,233
809
2,147
591
2,331
1,511
224
2,631
327
382
423
466
211
513
1,860
496
3,566
1,004
734
4,2U
4,538
4,789
5,475
5,698
7,660
332
337
350
404
383
310
41
1,238
825
241
413
309
405
181
183
207
392
428
206
219
943
1,076
1,244
1.339
1,544
2,829
659
2,034
1,532
559
1,030
259
2,017
1,635
388
1,084
279
2,116
1,698
-13
1,145
240
2,158
1,743
2,176
1,864
-50
1,270
4,2U
559
-601
1,318
155
2U
5,086
894
143
5,414
t
5,403
Continued on following page)
5,18
113
1,229
249
5,492
235
5,495
368
398
95
26
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES -
Table
6.
-
Expenditures by Functions- (Continued)
(Fiscal jrearsj in millions of dollars)
i-Ji-n
Function
code
number
Functions
1962
1961
1963
196-4
1965
1966p
thron
Aufnj
:-
1/
Interest ;
Interest on the public debt
Interest on refunds of receipts
Interest on uninvested funds
851
352
853
Total interest
General ^overnment i
Legislative functions
Judicial functions
Executive direction and management
Central fiscal operations
General property and records management
Central personnel management
Protective services and alien control..
Other general government
9,120
63
9,895
74
10,666
11,346
11
88
11
77
12
104
14
24
10
9,050
9,198
9,980
10,765
11,435
12,151
2,184
118
135
57
126
66
607
372
liO
289
109
22
653
il9
153
300
136
131
63
21
715
444
142
323
139
791
576
174
335
189
142
76
23
825
606
174
366
190
154
79
24
866
591
175
384
191
26
52
22
1,709
1,875
1,979
2,280
2,402
2,465
8,957
83
10
901
902
903
904
905
906
908
910
Total general government
22
2,15'
Deduct:
Interfund transactions
Net budget expenditures (see table 3)
•••
4/
y
6/
93,155
98,348
97,378
19
72
39
467
-1
107,546
21,395
65A
633
513
664
870
629
91
81,515
87,787
92,642
97,684
96,507
106,917
21,305
Source:
Expenditures for 1966 and 1967 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 1967 Budget
document. Table 19, 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 19, Where
current classifications differ on this account, they are footnoted.
Revolving fund transactions are included net in the expenditures,
For expenditures by major functions for fiscal 1967 through September
1/
1966, and fiscal 1966 through September 1965, see "Note" below.
Details by functions are not available for publication in this issue
but will appear in the November 1966 Bulletin.
Expenditures for 1966 and 1967 for function code 351 include those
2/
relating to specified research projects applicable to function code
These expenditures were made from "Special Activities, Commodity
355.
2/
88,419
82,169
4
156
138
-23
Undistributed
Total
13
Credit Corporation."
Expenditures for 1966 and 1967 for function code 551 include those
relating to veterans' readjustment benefits applicable to function
code 803.
These expenditures were made from the "Participation Sales
Fund, Federal National Mortgage Association."
Expenditures for 1966 and 1967 for function code 653 include those
relating to medical and hospital care for the aged applicable to
function code 651. These expenditures were made from "Grants to
States for Public Assistance, Bureau of Family Services."
Expenditures for 1966 and 1967 for function code 702 include those
relating to 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 1966 and 1967 for function code 801 include those
relating to veterans' nonservice-connected pensions applicable to
function code 302 and other veterans' benefits and services applicable
to function codi? 305,
These expenditures were made from "Compensation
and Pensions, Veterans' Administration."
Less than $500,000.
Preliminary.
»
p
Mote:
Expenditures by major functions.
1967 through
1966 through
September 1966 September 1965
(In millions}
National defense
International affairs and finance
Space research and technology
Agriculture and agricultural resources
Natural resources
Commerce and transportation
Housing and coimnunity development
Health, labor, and welfare
Education
Veterans' benefits and services
Interest
General government
Total
Deduct:
Interfund transactions....
Net budget expenditures
16,/ 28
1,027
1,418
2,509
989
1,009
946
2,507
1,027
1,426
3,278
768
12,744
664
1,398
2,052
863
802
48
2,080
389
1,167
2,971
675
33,331
-144
25,854
-172
33,187
:",682
,
October 1966
.TRUST AND OTHER TRANSACTIONS.
Table
1. -
Summary
of Trust and Other Transactions
(In millions of dollars)
Fiscal year
or month
Treasury Bulletin
10
.TRUST AND OTHER TRANSACTIONS.
Table
3.
-
Trust, Deposit Fund, and Government-Sponsored Enterprise Expenditures
(In millions of dollars; negative figures are excess of credits)
...
October 1966
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
Federal
Total
Old-Age and
trust
Survivors
accounts,
Insurance
etc. 1/
Trust Fund
Total
1/
220
-499
-1,290
-726
-225
-1,089
-821
692
461
-857
2,302
506
-1,232
760
707
2,339
1957
1958
1959
I960
1961
1962
1963
196i
1965
1966 p
597
-1,130
925
855
493
2,069
2,775
2,356
3,571
Federal
Disability
Insurance
Trust Fund
301
1,782
2,412
2,327
3,365
Federal
Hospital
Insurance
Trust Fund
Federal
Supplementary
Medical
Insurance
Trust Fund
325
729
552
494
285
21
-129
-139
-263
-413
786
164
296
Railroad
Retirement
Account
National
UnemployService
ment
Life
Trust
Insurance
Fund
Fund
Federal
employees'
retirement
funds
-16
-56
-17
Other
Highway
trust
Trust
accounts,
Fund
etc. 1/
126
204
-21
-35
-44
-25
-22
-22
-21
803
671
958
871
1,063
1,034
1,075
1,126
1,214
1,113
404
418
-393
-428
233
202
242
-69
-344
-28
36
-33
-35
264
-78
-63
274
-1,255
-1,011
-41
-952
1
456
-44
44
-90
69
149
573
69
154
967
1,468
72
Government
Life
Insurance
Fund
89
95
76
62
127 2/
-24 2/
-3 2/
45
27
93
301
70
-32
471
1967 (Est.).
A,9U
4,509
1,200
307
976
74
-23
1,049
-90
59
19b5-aept...
Oct
Nov...
Dec
-1,210
-1,308
-1,^06
-1,206
563
-968
-103
-105
-26
-151
-1
-89
-19
-35
-68
-77
303
-12
8
14
12
-47
-59
-149
7
-2
-3
-4
-2
117
519
-935
t1,119
-1,025
233
-596
13
95
-121
-25
1966- Jan
Feb
Mar
Apr
-1,397
1,749
-1,937
1,721
-20
-1,210
4,015
2,274
-1,499
888
-58
-869
2,322
-129
68
-174
346
-186
-129
864
-11
-4
-5
-9
-9
-9
-6
-4
-6
-5
-7
43
2
51
181
26
64
30
46
31
31
535
-333
3,103
142
-390
-5
-23
-76
711
-76
-9
-16
-5
-5
2,913
-109
559
-27
-15
2
.
.
.
ifay
June p.
July.
.
Aug
Sept.
.
Fiscal 1967
to date ....
-1,170
4,023
2,327
174
3
149
143
482
-76
172
-14
250
189
-73
-40
18
-92
11
562
-22
37
203
-84
3,064
101
1,367
-147
81
12
124
,776
1,198
130
367
55
39
44
29
44
-2
Trust accounts, etc .-(Continued)
34
52
40
27
61
38
-78
277
-17
-155
47
11
-34
58
101
6
-41
513
-11
206
-23
468
16
53
Public enterprise funds
Government-sponsored enterprises
Fiscal year
or month
Total
Governmentsponsored
enterprises
Banks
for
cooperatives
tion
1/
1957
1958
1959
I960
Federal
Deposit
Insurance
Corpora-
39
Federal
home
loan
banks
Federal
land
banks
-67
346
-299
Federal
intermediate
credit
banks 2/
Total
public
enterprise
funds
Federal
Housing
Administration
Federal
Rational
Mortgage
Association 2^
Federal
Savings and
Loan Insurance Corporation
Tennessee
Valley
Authoriity
1962
1963
1964
1965
1966 p
30
104
115
124
134
148
154
771
161
43
72
488
183
180
227
-141
-104
260
287
363
28
206
1967 (Est.).
323
223
100
434
1965-Sept...
Oct
Nov .
-3
-6
-4
-102
-45
-13
-86
-21
33
4
-24
16
-24
-1
18
1
1
3
-lb
17
16
23
15
-25
15
21
9
7
19
100
21
6
-1
35
20
460
-70
239
434
1961
.
.
Dec
1966- Jan
Feb
Mar.
Apr.
.
.
.
.
May
June
July.
p.
.
Aug
Sept.
.
Fiscal 1967
to date
9
282
-193
6
16
-160
210
91
-446
336
442
57
-510
191
223
5
98
-1
3
15
-1
12
10
102
287
—12^
612
105
2
1
78
51
191
3
1
7
266
-198
-217
113
91
-449
23
22
40
-508
178
39
41
213
Source:
See Table 1.
1/ See Table 1, Note.
Includes
Federal intermediate credit banks which were classified as
2/
trust enterprise funds January 1, 1957 to January 1, 1959, and as
53
62
97
-32
25
6
14
15
8
36
138
42
-27
-64
-193
-129
77
2
-1
-3
»
p
6
51
-12
-29
-10
-85
14
18
18
22
-18
19
45
12
53
40
-6
13
3
3
5
26
4
32
4
93
2/
IS
19
17
18
34
229
269
244
208
204
351
-29
-25
322
442
-96
Government-sponsored enterprises thereafter.
36
91
102
166
149
15
13
Management and liquidating functions as provided by the Housing Act
of 1954, approved August 2, 1954 (12 U.S.C. 1721). Investment includes guaranteed securities.
Less than $500,000.
Preliminary.
Treasury Bulletin
12
.TRUST AND OTHER TRANSACTIONS,
Table
5.
-
Sales and Redemptions of Government
Agency Securities
in
Market (Net)
(In millions of dollars; negative figures are excess of sales}
Securities guaranteed by the United States
Public enterprise funds
Fiscal year
or month
Total 1/
-1,171
-400
-1,293
1957
1958
1959
1960
-1,746
1962
1963
1964
1965
1966 p
537
-1,780
-1,022
-1,880
-1,372
-4,078
1967 (Est.)
1961
Total
guaranteed
-33
6
-10
-29
-100
-204
-162
-206
223
129
Federal
Farm
Mortgage
Corporation
Federal
Housing
Administration
Home
Owners
Loan
Corporation
curities not guaranteed by the United States
Trust
enterprise
fund
D. C,
stadium
fund
-33
6
-10
-28
Public enterprise funds
Total not
guaranteed
1/
223
129
-1,137 3/
-406
-1,283
-1,717
638
-1,576
-860
-1,674
-1,595
-4,207
-81
-204
-162
-206
-19
-1,338
154
154
-1,492
1965-September
October
November
December
49
-33
-168
45
-20
29
28
-20
29
28
9
69
-62
-197
35
1966-January
February
March
April
May
June p
-265
-260
40
-19
40
-19
-341
-21
-21
-732
-1,070
-814
-13
-13
3
3
4
4
-297
-470
-22
-27
-27
5
5
-18
-18
-3
-788
-40
-40
-747
July
August
September
Fiscal 1967 to date....
-305
-241
-321
-720
-1,072
-818
-270
-475
Federal
National
Mortgage
Association 2/
-233
6
797
Home
Owners'
Loan
Corporation
V
.
13
October 1966
.TRUST AND OTHER TRANSACTIONS,
Table
6.-
Interfund Transactions Excluded from
Both Net Trust Receipts and Trust Expenditures
{In millions of dollars)
Fiscal year
or month
1957
1958
1959
i960
1961
1962
1963
196A
1965
1966p
1967 (Est.)
1965-September
October
November
December
Total
Federal
Old-Age and
Survivors
Insurance
Trust Fund l/
Federal Disability
Insurance
Trust
Fund 1/ 2/
Federal
Supplementary
^ledical
Insurance
Trust Fund
2/
10
11
135
908
515
528
505
521
038
770
767 2/
124
600
332
361
423
403
436
1
6
4U
13
22
22
27
32
520
27
Railroad
Retirement
Account
1/
Unemployment
Trust
Fundy
Federal
employees'
retirement
funds
^
Alien
property
activities 7/
5
3
2
211
132
101
38
35
58
41
24
90
92
142
9
10
10
12
12
13
15
17
18
94
24
32
86
32
37
9
47
10
23
7
7
30
24
26
24
April
Hay
June p
i
1
1
1
3
1966-January
February
March
District
of
Columbia
1
2
2
7
1
2
5
543
444
48
July
August
September
34
74
72
53
19
43
1
25
Fiscal 1967 to date
180
129
19
25
Source : See Table 1
1/ Payments are made between the Railroad Retirement Account and
federal Old-Age and Survivors, Federal Disability and Federal Hospital
insurance trust funds so as to place those funds in the position in
which they would have been if railroad retirement employment had been
included under social security coverage.
2/ Includes interest on amounts reimbursed to the Federal Old-Age and
Survivors Insurance Trust Fund for administrative expenses.
j/ Premiums deducted from benefit payments from Federal Old-Age and Survivors and Federal Disability Insurance trust funds, and Civil Service
and Railroad Retirement accounts.
i/ Includes temporary advances to the Railroad Unemployment Insurance
Account in the Unemployment Trust Fund when the balance in the account
33
1
2
^
6/
7/
8/
2/
2
2
is insufficient to meet payments of benefits and refunds due or to
become due.
Repayment of advances plus interest to the Railroad Retirement Account.
See footnote 4.
Transfers from the Civil Service Retirement and Disability Fund to
the Foreign Service Retirement and Disability Fund.
Transfers to the Foreign Claims Settlement Commission.
Contributions and beginning with 1958, transfers of deductions from
employees' salaries to the Civil Service Retirement and Disability
Fund, advances to National Park Service, and advances to Smithsonian
Institution.
Includes payment of $2 million between Federal Old-Age and Survivors
Insurance Trust Fund and Federal Supplementary ^fedical Trust Fund.
Less than $500,000.
p Preliminary.
u
Treasury Bulletin
•CONSOLIDATED CASH TRANSACTIONS'
Consolidated cash transactions reported in the Treasury
from expenditures currently, but are added later when actual
These items consist of certain interest
Bulletin are on a basis consistent with Federal receipts from
payments are made.
and payments to the public as derived in the Budget of the
accrued on the public debt and expenditures involving the
United States (in the Budget for 1967 in Special Analysis A).
issuance of a few special public debt securities.
Shown also is the amount of net cash borrowing from, or repay-
ment of borrowing to, the public.
Revisions of the figures
Checks
outstanding, deposits in transit, and other clearing accounts
are excluded from payments.
Receipts from the exercise of
for earlier years have been made where necessary to make them
monetary authority are excluded as not representing cash
as nearly comparable with current Budget classifications as
received from the public.
available data will permit.
For this reason certain of the
public includes net borrowing by the Treasury through public
figures differ somewhat from those published in previous
debt transactions and also net borrowing ty Government agencies
Budget documents as well as in the Bulletin.
and Government-sponsored enterprises through sales of their
This series of cash transactions is designed to provide
own securities.
Federal cash borrowing from the
It excludes changes in the public debt which
The
information on the flow of money between the public and the
do not represent direct cash borrowing from the public.
Federal Government as a whole, and therefore includes trans-
net effect of all these transactions with the public is re-
actions not cleared through the account of the Treasurer of
flected in changes in the balance in the Treasurer's account
the United States.
Receipts and payments include transactions
both in administrative budget accounts and in trust and deposit
and in cash held outside the Treasury.
Seasonally adjusted summary data are shown in table
3.
Major intragovemmental transactions which are
The adjusted data have been derived by applying a seasonal
reported as both expenditures and receipts are excluded from
adjustment formula developed by the Bureau of Census, Depart-
fund accoxints.
both.
Noncash items representing the obligations of the
Government to make payments in the future also are eliminated
ment of Commerce.
..
..
..
15
October 1966
•CONSOLIDATED CASH TRANSACTIONS
Table
1.
-Summary
Government Cash Transactions with the Public
of Federal
(In millions of dollars)
Federal receipts from the public
Fiscal year
or month
Administrative budget
receipts
(net)
1957
1958
1959
1960
1961
1962
1963
196i
1965
1966 P
1967 (Est.)
1965-September.
October
November. ...
December. ...
.
1966- January
February ....
March
April
May
June p
,
,
July
August
September.
.
Fiscal 1967 to date
Trust
receipts
(net)
Intragovernmental and
other
noncash
transactions
(See Table 2)
Total
Federal
receipts
from the
public
70,562
68,550
67,915
77,763
77,659
81,409
86,376
89,459
93,072
104,631
14,301
16,153
16,769
20,342
23,583
24,290
27,689
30,331
31,047
34,852
-2,758
-2,811
-3,025
-3,027
-4,001
-3,834
-4,326
-4,259
-4,420
-5,100
82,105
81,892
81,660
95,078
97,242
101,865
109,739
115,530
119,699
134,382
111,000
41,608
-7,068
10,999
3,295
8,106
9,553
1,954
1,262
3,012
1,935
-354
-274
-390
-650
6,453
8,335
11,297
9,929
8,452
17,054
951
4,181
2,745
2,215
5,812
4,795
-313
-116
-238
-290
-348
-1,556
5,702
2,837
7,197
12,475
4,973
2,681
25,374
10,491
Plus:
Administrative budget
expenditures
Fiscal year
or month
224
,816
,363
,625
,640
,230
,659
853
,561
,633
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966 p
Intragovernmental and
other
noncash
transactions
(See Table 2)
Trust
expenditures (net)
(net)
68,966
71,369
80,342
1,171
400
1,293
1,746
-537
1,780
1,022
1,880
1,372
4,078
public
Equals:
Excess of cash
receipts from,
or payments
to (-), the
public
81,515
87,787
92,642
97,684
96,507
10 6,917
-1,899
-3,222
-5,111
-3,423
-4,766
-5,266
-5,436
-6,237
-3,749
-4,114
80,006
83,472
94,752
94,328
99,542
107,662
113,751
120,332
122,395
137,592
145,539
112,847
37,882
-5,681
145,048
491
12,599
4,283
10,728
10,838
9,452
8,750
9,105
9,426
3,142
2,447
2,707
2,636
-1,504
-679
-942
11,090
10,518
12,312
11,121
1,509
-6,234
-1,584
-283
7,091
12,400
13,804
11,853
13,916
20,294
8,809
8,156
10,193
8,362
9,055
9,378
3,048
2,621
2,996
3,335
3,632
3,455
-624
486
-1,103
-372
134
-1,006
11,233
11,264
12,086
11,325
12,821
11,827
-4,142
1,136
1,718
-436
8,103
10,263
-407
-408
11,764
1^,748
11,042
11,883
3,642
2,627
2,655
1,537
-1,388
12,927
15,206
13, 150
-4,824
-3,4A2
1,598
6U
33,187
8,924
41,282
-6,668
-1,251
34,
76, 539
500
-978
Cash borrowing from the public, or repayment (-)
Net sales
of Government agency
securities in
market 1/
Total
Federal
payments
to the
12,938
15,325
19,521
21,212
22,793
25,141
26,545
28,885
29,637
34,788
Change in securities held by the public
Public
debt increase, or
decrease (-)
Federal payments to the public
Less:
Net in-
vestment
in securities by
Government
agencies 2/
-2,339
-597
1,130
-925
-855
-493
-2,069
-2,775
-2,356
-3,571
Total
securities
held by
the public,
increase, or
decrease (-)
Total
Noncash
cash
debt
borrowing
transfrom the
actions
public,
(See Table 2) or repayment (-)
Plus:
Treasurer'
account
-3,392
5,619
10,785
2,446
1,248
10,517
6,612
4,958
4,578
3,141
292
200
-2,160
-597
-536
-923
-1,033
-1,099
-250
-530
-3,100
5,820
8,626
1,848
712
9,594
5,579
3,859
4,328
2,610
45
69
117
649
-2,060
1,568
49
59
44
53
55
58
528
1,095
8,466
Cash balances,
Equals:
net increase, or
decrease (-)
Seigniorage
i/
2,099
-1,580
-13,092
750
-2,300
-5,797
-4,012
-4,802
-2,696
-3,210
Cash held
outside
the
Treasury
Total
changes
in the
cash
balance
-952
4,299
-4,422
2,651
-1,533
3,854
1,611
-874
1,749
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
1,575
-203
140
-23
-4
-222
118
-74
206
174
253
148
24
-141
-81
1,157
-2,828
171
5
50
1,835
1,338
-4,9U
-1,771
-289
1965-September.
October. .
November .
December.
-1,493
2,154
2,810
-807
-49
33
168
-45
1,210
1,308
-519
-332
3,495
2,460
935
83
-46
-125
-75
-107
-378
3,370
2,385
-24
26
36
32
48
1,010
-2,852
974
-177
1966- January
February
1,099
1,308
-2,312
-1,416
2,777
-2,452
265
260
341
732
1,070
814
1,897
-1,749
-2
1,170
-4,023
-2,327
3,261
-181
-1,973
486
-177
-3,966
-84
-74
3,177
-255
-1,924
486
-243
-3,921
60
48
71
66
94
lU
-1,076
973
-224
453
1,370
4,330
-423
359
-P04
929
-134
1,080
947
4,689
-627
333
-3,103
2,507
328
297
470
22
-142
-4,613
-850
1,666
-253
-139
100
-4,866
-989
1,766
4,8a
788
-2,913
1967 (Est.)
.
March
April
May
June p
.
.
.
.
.
July
August ....
September.
Fiscal 1967 to date.
5,U1
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 1967 Budget document
released January 24, 1966.
See "Trust and Other Transactions", Table 5, for net sales and
-66
45
-65
-63
21
2,377
207
-130
-118
77
78
2,716
-313
2,403
Source:
V
50
2/
1/
175
-3 ,797
-44
90
627
-292
833
-259
-4,089
redemptions of Government agency securities in market.
See "Trust and Other Transactions", Table 4, for net investments in
public debt and agency securities.
Includes increment resulting from reduction in the weight of the gold
dollar; excluded from receipts from the public but included in cash
deposits in the Treasurer's account.
Preliminary.
16
Treasury Bulletin
CONSOLIDATED CASH TRANSACTIONS
Table
2.
Intragovernmental and Other Noncash Transactions
-
(In millions of dollars)
Intragovernmental transactions excluded from both receipts and payments
Civil service retirement 1/
Interest
on trust
fund
investments
Fiscal year
or month
Payroll
deductions
for employees
914
973
1,042
1,088
1,957
1,073
1,073
152
1,245
5,500
,568
7,068
11
91
91
44
81
86
87
81
86
87
6
-9
129
40
125
328
238
358
602
26
36
32
354
274
390
650
103
86
100
87
103
36
101
87
1967 (Est.)
1965-September
October
November
December
641
660
744
1966- January
February
March
April
845
8
69
11
42
64
.
525
579
744
838
56
349
.
Total
receipts
adjustments
744
744
838
845
914
973
1,042
1,089
1,318
1,342
1,315
1,327
1,404
1,423
1,467
1,603
1,759
1,894
July
August
September
Other 2/
Seigniorage
2/
66
37
75
54
74
102
88
83
102
124
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966 p
May
June p
Employers'
share
Federal
payments
to District
of Columbia
Noncash
debt
transactions
relating
to receipts
85
85
1,168
101
101
6
72
93
93
15
101
98
101
98
92
291
.
Fiscal 1967 to date
4
158
133
103
105
792 4/
357
256
2,709
2,751
2,980
2,975
3,945
3,776
4,281
4,190
4,303
4,451
45
69
117
649
2,758
2,811
3,025
3,027
4,001
3,834
4,326
4,259
4,420
5,100
561
898
559
25
53
2
37
-191
-50
17
5
49
59
44
53
55
58
48
60
253
68
166
224
254
1,413
-2
10
27
10
10
30
6
195
3
117
416
330
330
3°
362
1,076
16
50
313
116
238
290
348
48
71
66
94
144
1,556
436
407
408
21
77
78
1,251
Noncash debt transactions relating to payments
Intragovernmental
transactions
(See
above)
Fiscal year
or month
1957
1958
1959
I960
709
,751
,980
,975
,945
1961
1962
1963
776
281
1964
,190
,303
,451
1965
1966 p
1967 (Est.)
.
1966- January
February.
.
.
.
.
.
,
.
March
April
May
June p
July
August
September.
.
Fiscal 1967 to date
3/
4/
V
(net)
y
336
385
383
136
430
496
Discount
on
securities
(net) 6/
United
Nations
funds
bonds
7/
InterAmerican
Development
Bank 2/
International
Development
Association
2/
52
-131
418
205
-209
145
577
611
571
571
119
268
144
225
448 11/
5,500
1965-September.
October
November
December.
1/
2/
Interest
increment
on savings
and retirement plan
bonds
66
55
53
70
25
14
Other 8/
-674
-450
1,361
-292
-200
2,160
259
258
171
355
117
-472
-133
597
536
923
1,033
1,099
250
531
-39
-18
-4
-74
-40
75
-43
289
-20
46
125
75
107
11
-1
328
238
358
602
44
38
76
253
68
166
224
66
66
-1
21
254.
37
11
29
1,413
68
-96
-4
416
330
330
96
34
48
8
139
-5
1,076
178
217
59
13
International
Monetary
Fund 7/
Total
noncash
debt
transactions
relating to
payments
-5
-19
85
74
31
-18
56
39
-18
-14
-18
-7
-19
-5
-12
-10
-16
-25
84
74
-50
-13
66
-45
-5
-38
65
130
118
-43
313
70
-10
-10
Beginning with fiscal 1958 excludes District of Columbia.
Includes mainly, general fund advances to trust funds (net) dividends
and interest paid to the Treasury by trust enterprise funds, administrative expenses of the Federal Old-Age and Survivors, Federal
Disability, and Federal Hospital insurance trust funds, the Federal
contribution to the Civil Service Retirement Fund and the Federal
payments for military service credits.
Includes increment resulting from reduction in the weight of the gold
from receipts from the public but included in cash
dollar; excluded
deposits in the Treasurer's account.
Beginning fiscal 1961 includes temporary extended unemployment compensation payments.
Accrued interest on the bonds, i.e. the difference between the purchase
-10
,
6/
7/
8/
2/
10/
11/
»
Accrued
interest
on the
public
debt 2/
Checks
outstanding
and
certain
other
accounts 10/
39
-557
93
76
132
576
6
-105
-281
279
18
186
38
110
-47
-64
910
-913
-821
537
414
-456
87
603
-801
548
437
-533
-679
644.
-660
548
Total
payments
adjustments
1,899
3,222
5,111
3,423
4,766
5,266
5,436
6,237
3,749
4,114
-108
5,681
593
-97
1,504
679
-500
942
-477
146
-316
172
438
-290
79
317
624
-486
1,103
372
-134
1,006
-146
-1,337
351
-1,537
1,388
-1,132
829
978
price and the current redemption value less interest paid on bonds
redeemed.
Discount on securities at time of issuance less interest paid at time
redeemed
Treated as noncash expenditures at the time of issuance of the securities
and as cash expenditures at the time of their redemption; net issuance,
or redemptions (-).
Includes adjusted service and armed forces leave bonds (see footnote 7).
Net increase, or decrease (-) , in accrued liability.
Net increase, or decrease (-), in checks outstanding, deposits in transil
and other accounts.
Not shown separately in the Budget document.
Less than $500,000.
Preliminary.
p
'
October 1966
17
CONSOLIDATED CASH TRANSACTIONS
Table
3.
-
Federal Receipts from and Payments to the Public
Seasonally Adjusted and Unadjusted
(in millions of dollars)
Receipts from the Public
Payments to the Public
Calendar quarter
Adjusted
Unadjusted
Adjusted
Unadjusted
8U
1st.
2nd.
3rd.
4th.
20,820
21,403
21,172
20,616
24,617
24,846
18,653
16,404
20,792
20,947
20,919
20,663
1958 - 1st.
2nd.
3rd.
4th.
20,509
20,088
20,299
20,444
23,618
23,219
18,274
16,618
20,652
21,296
23,441
23,412
19,626
1959
1st.
2nd.
3rd.
4th.
20,222
20,923
23,273
23,474
22,628
24,141
21,364
19,420
1960
1st.
2nd.
3rd.
4th.
23,667
24,701
25,034
24,665
1961
1st.
2nd.
3rd.
4th.
1957
Excess of Receipts
or Payments (-)
Adjusted
Unadjusted
23
456
253
-47
4,803
3,272
-2,446
-4,505
-3,734
-3,750
-143
-1,208
-3,142
-2,968
3,992
1,379
-5,460
-7,132
24,024
23,962
24,005
23,514
22,764
24,503
24,375
23,917
-3,802
-3,039
-732
-40
-136
-362
-3,011
-4,497
25,776
28,519
23,352
20,640
23,233
23,635
23,682
24,105
21,958
24,079
24,156
24,540
434
1,066
1,352
3,818
4,440
-8O4
-3,900
23,227
24,614
24,788
25,298
24,758
28,491
23,381
21,289
24,802
27,025
26,117
26,628
23,402
27,444
26,715
27,173
-1,575
-1,329
-1,330
1,356
1,047
-3,334
-5,884
1962 - 1st.
2nd.
3rd.
4th.
24,971
26,652
27,434
27,262
26,214
30,981
26,029
22,982
27,540
27,498
27,795
28,954
25,923
27,851
28,502
29,599
-2,569
-846
-361
-1,692
291
3,130
-2,473
-6,617
1963
1st.
2nd.
3rd.
4th.
27,069
27,911
28,699
29,113
28,178
32,551
27,304
24,543
28,209
28,847
30,127
29,881
26,519
29,130
30,952
30,619
-1,140
-936
-1,42s
-768
1,657
3,420
-3,648
-6,077
1964
1st.
2nd.
3rd.
4th.
29,251
28,582 1/
28,401
28,847
30,321
33,362
27,035
24,312
30,597
29,815
30,039
29,828
28,706
30,054
30,913
30,599
-1,346
-1,233
-1,638
-981
1,615
3,309
-3,877
-6,287
1965
1st.
2nd.
3rd.
4th.
29,724
32,646 1/
30,646
30,685
30,669
37,683
29,175
25,849
30,165
32,395
32,104
33,098
28,270
32,614
33,085
33,951
-441
251
-1,458
-2,413
2,398
5,069
-3,910
-8,101
1966
1st...
2nd p.
3rd...
33,684
39,567 1/
36,339
33,295
46,063
34,614
36,908
35,758
40,041
34,583
35,973
41,282
-3,224
3,809
-3,702
-1,288
10,089
-6,668
Adjusted data from Bureau of the Budget; unadjusted data
from Treasury Department,
Includes accelerated corporate tax payments of about $300 million
in 1964, $900 million in 1965, and $2,800 million in 1966.
Also,
Source:
1/
19,
21,574
21,099
20,909
CI, 340
560
-2,ai
the 2nd quarter of 1966 includes about $300 million for the
initiation of graduated withholding of personal income taxes and
$1,400 million because of a change in the schedule for depositing
withheld and OASI taxes.
Prelimnary.
18
Treasury Bulletin
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Source and Availability of the Balance in the Treasurer's Account
the same bank.
The account of the Treasurer of the United States re-
On occasions, to the extent authorized by the
flects not only budget receipts and expenditures but also
Treasury, banks are permitted to deposit in these accounts
deposit fund, and public debt transactions.
proceeds from subscriptions to public debt securities entered
trust,
for their own account as well as for the account of their
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 to
restored by calling in (transferring) funds from the tax and
leave funds in banks and in the communities in which they arise
loan accounts with thousands of commercial banks throughout
until such time as the Treasury needs the funds for its opera-
the country.
tions.
In this way the Treasury is able to neutralize the
effect of its fluctuating operations on bank reserves and the
Deposits to tax and loan accounts occur in the normal
course of business under a uniform procedure applicable to all
econon^y.
A detailed description of the Treasury's depositary system
banks whereby customers of banks deposit with them tax pay-
ments and funds for the purchase of Government securities.
may be found in the Annual Report of the Secretary of the
In most oases the transaction involves merely the transfer of
Treasury for 1955, pages 275-284..
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
Available
funds in
Federal
Reserve
Banks
,
1965- September
October.
November
December
1966-Jatmary
February
March.
April
May
June
.
.
.
July
August
September
. .
Gold
balance
Total
operating
Treasury
11,469
10,917
190
259
306
253
179
147
136
145
534
775
Unclassified
collections,
etc.
535
504
4,082
8,218
3,744
6,458
408
612
806
939
672
766
5,453
8,815
10,324
9,180
10,689
10,050
489
401
101
106
109
121
120
120
108
102
1,002
1,053
6,394
3,534
4,872
4,577
107
110
103
107
7,503
4,697
5,693
5,392
551
553
538
558
73
129
902
766
3,360
4,399
4,444
4,491
6,003
10,050
105
105
108
105
102
102
4,288
5,309
5,074
5,107
7,007
10,917
586
586
570
572
612
775
158
34
64
93
1,232
5,14V
1,6U
4,0H
760
6,415
102
112
112
6,481
5,740
7,287
772
751
782
498
410
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
Tax and loan
accounts in
special
depositaries
Silver
balance,
coinage
metal,
coin, and
currency
719
708
823
805
521
512
5,069
9,030
4,380
7,068
5,969
9,548
11,251
10,238
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
37
49
63
58
64
70
74 2/
58
55
93
51
57
89
87
102
69
30
2/
^
In Federal
Reserve
Banks in
process of
collection
Total
In other
depositaries assets
6,037
9,990
Balance in
Liabilities account of
1/
Treasurer
of United
States
447
240
100 2/
302
287
273
337
222
303
342
234
233
370
440
365
429
375
335
441
313
360
320
252
12,116
11,036
12,610
12,407
8,005
6,694
10,430
12,116
11,036
12,610
12,407
220
188
182
247
312
291
274
257
8,637
5,786
6,759
6,582
8,637
5,786
6,759
6,582
234
216
217
647
182
370
310
281
236
347
212
252
5,506
6,479
6,255
6,706
8,077
12,40'
5,506
6,479
6,255
6,708
8,077
12,407
230
176
273
209
208
239
7,794
6,944
8,610
7,794
6,944
8,610
5,451
8,092
6,769
10,509
87
75
79
5,590
9,749
5,350^
through June 1958, after which they are included in the balance in
the Treasurer's account.
(See footnote 2).
Through June 1958, the balance of the Treasurer was reduced when
Treasurer's checks were issued and the amount of the checks was
carried as a liability until paid.
Effective July 1958, the balance
is not reduced until the checks are paid, a procedure also applying
to checks drawn on the Treasurer by Government disbursing officers
and agencies.
Amounts shown, beginning January 1963, are net of uncollected items,
exchanges, etc.
Previously these items were included under liabilities.
..
October 1966
19
.
Table
2.
-
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Analysis of Changes in Tax and Loan Account Balances
(In millions of dollars)
Credits
Balance
Proceeds from sales of securities 1/
Fiscal year
or month
Savings
bonds
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
,
,
,
,
1965-Septeml)er.
October.
November.
December.
.
1966- January . .
February
.
March
April
May
June
July
August. . .
September.
2,976
2,82i
2,668
2,679
2,787
2,725
2,699
2,760
2,635
2,704
193
196
200
211
261
218
265
246
2i2
232
242
238
216
Retirement
plan
bonds 2/
Tax
anticipation
securities
5,043
2,922
7,581
7,784
7,613
5,898
2,963
2,340
7,368
Other
During period
6,568
13,513
13,164
7,920
1,788
3,774
3,830
2,014
1,627
3,931
2,452
985
Income (by
special
arrangement)
Witheld
and
excise 2/
1,627
2,911
Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U.S. Government securities
purchased by them for their own account, or for the account of their
customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars inviting subscriptions to the issues.
Retirement plan bonds first offered for sale as of January 1, 1963.
Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows:
Withheld income tax beginning
2/
y
End of
period
High
Average
^
26,709
27,881
29,190
33,059
34,511
37,519
41,267
43,580
42,475
48,478
4,152
7,903
5,919
6,053
9,142
6,521
6,835
9,921
12,598
14,522
45,448
55,044
58,520
57,496
55,842
56,438
57,595
58,277
60,050
74,699
46,000
50,908
62,994
54,782
56,847
53,076
56,085
59,421
4,120
1,134
4,940
4,024
4,223
76
1,447
5,721
5,133
1,256
6,540
7,158
4,470
5,555
5,461
4,483
^
•
4,082
8,218
3,744
6,458
1,078
912
1,390
1,161
1,531
2,535
1,577
1,844
75,338
5,453
8,815
10,324
9,180
10,689
10,050
6,078
8,869
8,055
6,458
7,653
8,889
10,324
10,257
10,872
11,274
U7
4,324
1,924
8,536
5,337
7,592
6,159
7,690
8,198
6,253
6,453
6,394
3,534
4,872
4,577
6,948
6,001
5,186
5,124
1,806
2,533
1,427
1,253
4,349
4,431
2,881
3,401
53
4,374
2,193
2,612
743
2,626
5,591
4,900
7,546
4,067
6,013
5,969
3,360
4,399
4,444
4,491
6,003
10,050
581
5,939
7,591
4,114
7,526
10,016
5,101
4,491
6,715
10,050
1,374
2,382
1,002
4,347
1,700
3,120
3,630
3,252
2,269
5,677
4,812
4,840
8,704
10,161
9,743
9,838
7,759
5,147
4,014
6,415
9,979
5,905
6,415
5,147
2,286
1,513
6,917
4,049
3,477
128
Source:
1/
Total
credits
Withdrawals
58, 540
4
4,856
813
U7
2,987
3,246
3,638
4,103
4,151
4,457
5,325
4,747
5,431
March 1948; taxes on employers and employees under the Federal Insurance Contributions Act beginning January 1950, and under the Railroad
Retirement Tax Act beginning July 1951; and a number of excise taxes
beginning July 1953.
Under a special procedure begun in March 1951, authorization may be
given for income tax payments, or a portion of them, made by checks
of $10,000 or more drawn on a special depositary bank, to be credited
to the tax and loan account in that bank.
This procedure is followed
during some of the periods of heavy tax payments.
Less than $500,000.
Treasury Bulletin
20
•ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table 3.-
Summary
Cash Transactions through the Account of the Treasurer
of
of the United States
(In millions of dollars)
Net cash transactions other than borrowing
Fiscal ye
or month
Deposits and withdrawals (budget,
trust, and other accounts)
Cash
deposits
.
Noveiriber.
.
December.
1966- January .
February.
.
March
April
May
June
July
August. .
September.
.
Fiscal 1967 to date.
Plus:
Net cash borrowing, or repayment of
borrowing (-)
Equals:
Treasurer's
account balance, increase, or decrease (-)
-877
-6,278
-4,023
-2,485
-931
-1,095
2,692
-1,094
-12,430
1,353
-1,387
-5,018
-2,984
-3,975
-1,515
-2,171
-3,648
5,253
8,032
1,301
76
8,755
4,670
2,895
3,089
1,968
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
1,575
-203
10,105
11,314
13,321
11,223
2,479
-6,723
-1,408
-509
-1,090
491
206
354
1,390
-6,232
-1,203
-155
-380
3,379
2,176
-22
1,010
-2,852
974
-177
7,748
14,004
13,881
11,720
16,261
19,205
10,731
12,821
12,280
11,007
14,874
10,964
-2,984
1,184
1,601
712
1,387
8,242
-1,228
3,136
-291
263
-847
342
293
-4,212
1,264
1,864
-134
1,729
8,535
-1,076
973
-224
453
1,370
4,330
9,029
13,207
15,110
12,557
17,447
13,055
-3, 528
-4,240
2,055
-844
570
-420
-4,372
-3,670
1,635
37,346
43,059
-5,713
-694
-6,407
Ul,095
12,584
4,591
11,913
10,715
121,562
125,464
October.
2/
Total net
transactions
-1,904
1,827
-306
309
-510
1,259
1,039
-1,491
-584
-1,075
4,596
-2,921
-12,124
lU,i54
1965-Septeiraber.
Excess of deposits,
or withdrawals (-)
77,279
85,015
93,736
93,817
97,774
112,188
118,477
124,047
126,395
142,191
81,875
82,094
81,612
9.;, 862
96,897
105,911
1957.
1958.
1959.
1960.
1961.
1962.
1963.
196i.
1965.
1966.
Cash withdrawals 1/
Clearing
accounts
1,0U
Figures
Source:
Actual figures are based on the dally Treas\U'y statement.
in the first four columns of this table may differ somewhat from those
originally published in the daily Treasury statement because of subsequent reclassification of certain transactions.
Table
4.
-
Gold Assets and
80
1/
2/
-2,089
587
-359
-4,204
-241
2,820
-4,613
-850
1,666
31
,
d1
J
Beginning with the February 1963 Bulletin, figures have been revised,
as shown in daily Treasury statements beginning January 2, 1963, to
exclude transactions of clearing accounts.
See footnote 1
Previously included under cash withdrawals
.
Liabilities of the
Treasury
(In millions of dollars)
End of calendar year or month
Gold assets 1/
1957
1958
1959
1960
1961
1962
1963
1964
1965
December.
1966- January
February
March.
April
May
June
.
.
.
July
August.
September
.
Circulation Statement of United States Money through 1965; daily
Treasury statement thereafter.
Treasury gold stock; does not include gold in Exchange Stabilization
Fund.
See "International Financial Statistics," Table 1.
Comprises (1) gold certificates held by the public and in Federal
Reserve Banks; (2) gold certificates credits in (a) the gold certificate fund - Board of Governors, Federal Reserve System, and (b) the
redemption fund - Federal Reserve notes; (3) reserve of $156.0 million
against United States notes and through June 30, 1961, Treasury notes
Source:
1/
2/
2/
V
Balance of gold in
Treasurer's account
22,781.0
20,534.3
19,455.9 2/
17,766.6
16,889.0
15,978.1
15,513.0
15,387.7
13,733.2
22,272.9
20,138.2
19,350.5
17,665.6
16,771.2
15,852.1
15,392.9
15,231.0
13,626.4
508.1
396.1
105.4
101.0
117.8
126.0
120.1
156.7
106.8
13,857.6
13,857.2
13,804.9
13,733.2
13,751.0
13,747.2
13,702.5
13,626.4
106.7
110.0
102.4
106.8
13,732.2
13,730.2
13,633.5
13,632.0
13,532.2
13,433.5
13,627.6
13,625.3
13,525.0
13,527.2
13,430.5
13,331.7
104.6
104.9
108.5
104.7
101.6
101.8
13,331.5
13,259.0
13,258.3
13,229.8
13,147.0
13,146.6
101.7
112.0
111.7
V
1965-September
October.
November
Liabilities:
Gold certificates,
etc. 2/
of 1890; and (4) gold deposited by and held for the International
Monetary Fund.
The United States payment of the $343.8 million increase in its gold
subscription to the International Monetary Fund, authorized by the
act approved June 17, 1959 (22 U.S.C. 286e) was made on June 23, 1959.
The United States payment of the $258.8 million Increase in its gold
subscription to the International Monetary Fund, authorized by
P.L. 89-31, approved June 2, 1965, (79 Stat. 119) was made on June 30,
1965.
October 1966
21
MONETARY STATISTICS.
Table
1. -
Money
in
Circulation
(In millions of dollars except per capita figures)
Currencies no longer issued
End of
fiscal year
or month
Federal
Reserve
bank
notes
National
bank
notes
Gold
Treasury Bulletin
22
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/
October. .
November.
December.
1966- January.
February .
.
March
April
May
June
July
August. ..
September.
268,486
274,698
281,833
283,241
285,672
294,442
301,954
307,357
313,113
315,431
106
101
110
139
240
444
605
812
590
462
268,592
274,798
281,944
283,380
285,911
294,886
302,559
308,169
313,702
315,892
519
107
101
111
140
240
Special notes to
Total
Matured
310
295
292
308
1,068
618
1,979
2,238
2,496
2,667
2,922
3,289
3,167
3,614
4,388
4,345
4,355
4,339
234
195
24^
278
4,407
4,392
4,418
4,366
4,433
4,477
4,404
4,391
4,417
4,364
4,432
4,476
4,401
4,724
4,735
4,400
4,724
4,734
2,042
1,646
2,873
3,090
3,300
3,759
3,907
4,357
4,163
4,477
2,042
1,646
2,873
3,090
3,299
3,759
3,906
4,356
4,161
4,476
317,270
319,394
322,176
321,359
316,748
318,901
321,711
320,904
522
493
465
455
312,879
315,047
317,819
316,968
312,359
314,557
317,357
316,515
490
462
453
4,391
4,347
4,357
4,391
322,419
323,746
321,454
320,051
322,825
320 , 369
322,003
323,311
320,999
319,583
322,359
319,907
416
435
456
468
466
462
318,012
319,354
317,036
315,686
318,392
315,892
317,599
318,921
316,582
315,219
317,927
315,431
413
433
454
467
464
460
319,768
324,904
325,250
319,280
324,420
324,748
489
484
315,368
320,179
320,515
314, 88C
319,697
320,014
488
483
501
444
607
813
502
589
460
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 owned Government
agencies in exchange for which their securities were issued to the
Table
2.
-
Computed
Interest Charge and
International
Monetary
Fund
284,817
286,471
289,211
298,645
306,466
312,526
317,864
320,369
276,4U
1965- September
Public
debt
Guaranteed
securities
2/ i/
270,527
276,343
284,706
286,331
288,971
298,201
305,860
311,713
317,274
319,907
270,63-1
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
Public
debt 2/
Guaranteed
securities
"^
ij
^
529
597
476
445
349
438
International
Development
Association
InterAraerican
Other
Development Bank
y
(nifitured)
oo
U\l
/.07
58
115
129
55
396
ISU
^20
142
138
64
125
150
150
132
3,494
3,489
3,470
3,470
118
118
100
100
150
150
150
150
393
393
391
391
230
246
245
197
233
308
3,558
3,548
3,592
3,597
3,627
3,614
82
82
64
64
64
64
142
142
142
136
136
132
392
372
373
371
373
359
202
286
3,680
3,923
3,958
45
45
45
126
347
347
346
263
Guaranteed
securities
122
122
4-80
LXk
359
Treasury (see Table 6)
Held outside the Treasury.
Consists of Federal Housing Administration debentures and beginning
July 1959 D. C, Armory Board stadium bonds.
For current month detail, see "Statutory Debt Limitation," Table 2.
Computed Interest Rate on Federal
Securities
(Dollar amounts in millions)
Computed annual interest rate
Total interest-bearing securities.
End of
fiscal year
or month
Amount
outstanding
Public debt
and guaranteed securities 1/
Public
debt
Computed annual
interest charge
Public debt
and guaranteed securities 1/
Public
debt
Public debt
Total
interestbearing
securities
Marketable issues
Total
public
debt
Total
2/
Bills Certificates
1/
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
268,592
274,798
281,944
283,380
285,911
294,886
302,559
308,169
313,702
315,892
268,486
274,698
281,833
283,241
285,672
294,4^2
301,954
307,357
313,113
315,431
7,328
7,248
8,069
9,320
8,769
9,534
10,141
10,931
11,488
12,533
7,325
7,245
8,066
9,316
8,761
9,519
10,119
10,900
11,467
12,516
2.730
2.638
2.867
3.297
3.072
3.240
3.361
3.561
3.678
3.988
2.730
2.638
2.867
3.297
3.072
3.239
3.360
3.560
3.678
3.988
2.707
2.546
2.891
3.449
3.063
3.285
3.425
3.659
3.800
4.134
3.197
1.033
3.316
3.815
2.584
2.926
3.081
3.729
4.064
4.845
1965-September.
October. .
November
December
312,879
315,047
317,819
316,968
312,359
314,557
317,357
316,515
11,487
11,607
11,796
11,846
11,468
11,590
11,779
11,830
3.688
3.702
3.730
3.756
3.688
3.702
3.730
3.756
3.807
3.821
3.857
3.890
4.074
4.097
4.154
4.273
1966-January. .
February
March
April
May
June
318,012
319,354
3177036
315,686
318,392
315,892
317,599
318,921
316,582
315,219
317,927
11,983
12,249
12,412
12,289
12,547
12,516
3..792
"315,431
11,998
12,265
12,429
12,306
12,564
12,533
3.793
3.861
3.941
3.919
3.967
3.988
3.934
4.026
4.059
4.071
4.130
4.134
4.395
4.522
4.671
4.710
4.780
4.845
315,368
320,179
320,515
314, 880
319,697
320,014
12,537
12,991
13,146
12,520
12,973
3.996
4.079
4.124
.
.
.
July
August.
September,
.
.
13,1_27
3..860
3..940
3.'
.918
3..967
3.
Source:
On the basis of the daily Treasury statement.
Note:
The computed annual interest charge represents the amount of
interest that would be paid if each interest-bearing issue outstanding at the end of each month or year should remain outstanding for a
year at the applicable annual rate of interest. The charge is computed for each issue by applying the appropriate annual interest rate
to the amount outstanding on that date (the amount actually borrowed
in the case of securities sold at a premium or discount, beginning
with May I960).
The aggregate charge for all interest-bearing issues
constitutes the total computed annual interest charge. The average
annual interest rate is computed by dividing the computed annual
3.345
3.330
2.842
4.721
3.073
3.377
3.283
4.851
4.851
4.851
4.851
4.851
4.851
4.851
Treasury
bonds
NonSpecial
marketissues
able
issues ij
Guaranteed
securities
1/
2.504
2.806
3.304
4.058
3.704
3.680
3.921
3.854
3.842
4.321
2.482
2.576
2.619
2.639
2.829
3.122
3.344
3.471
3.642
3.655
2.853
2.892
2.925
3.219
3.330
3.364
3.412
3.462
3.493
3.713
2.635
2.630
2.694
2.772
2.803
2.891
3.003
3.238
3.372
3.693
2.611
2.622
2.628
2.681
3.144
3.500
3.658
3.782
3.660
3.632
3.848
3.860
3.934
3.933
3.652
3.652
3.652
3.653
3.510
3.519
3.523
3.530
3.382
3.383
3.397
3.412
3.640
3.620
3.603
3.593
3.932
4.162
4.158
4.164
4.321
4.321
3.653
3.654
3.654
3.655
3.654
3.655
3.534
3.537
3.862
3.708
3.713
3.713
3.429
3.472
3.488
3.455
3.552
3.693
3.555
573
598
3.625
631
3.632
4.321
3.655
3.717
3.690
3.673
3.996
4.U5 4.889 4,850
4.080
4.256
1.695
5.053 5.185
3.662
3.720
3.758
4.454
4.125
3.707
4.317 5.251
3.730
3.775
3.662
5.185
4.454
interest charge for 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.
1/ Guaranteed securities included are those held outside the Treasury.
2/ Total Includes "Other bonds" through 1960; see Table 3.
Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
4/ On United States savings bonds the rate to maturity is applied against
the amount outstanding.
^
..
.
..
.
.
October 1966
23
DEBT OUTSTANDING
Table
3.
-
Interest-Bearing Public Debt
(in millions of dollars)
Publ:ic issues
Marketable
Total
interestbearing
public
debt
Total
public
issues
268,436
274,698
281,833
283,241
285,672
294,442
301,954
307,357
313,113
315,431
221,653
228,452
237,078
238,342
240,629
249,503
257,153
260 ,.729
264,463
264,311
155,705
166,675
178,027
183,845
187,148
196,072
203,508
206,489
208,695
209,127
23,420
22,406
32,017
33,415
36,723
42,036
47,230
50,740
53,665
54,929
1965- September.
October, .
November.
December.
312,359
314,557
317,357
316,515
264,290
267,600
270,304
270,260
208,381
212,097
214,619
214,604
53,655
57,660
60,172
60,177
1966-January . .
February.
March
April
May
June
317,599
318,921
316,582
315,219
317,927
315,431
273,243
273,139
270,623
270,298
269,122
264,311
217,656
217,690
215,150
215,004
213,764
209, 127
61,589
62,002
59,481
59,477
59,454
54,929
1,652
1,652
1,652
1,652
1,652
1,652
July
3U,880
264,184
266,462
266,946
209,108
211,402
211,771
54,931
57,936
58,341
End of
fiscal year
or month
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
August.
September.
.
.
319,697
320,014
Noninarketable
Treasury
Bills
Certificates
20,473
32,920
33,843
17,650
13,338
13,547
22,169
Notes
bonds,
savings Investbonds
ment
series
Treasury
bonds 2/
30,973
20,416
27,314
51,483
56,257
65,464
52,145
67,284
52,549
50,649
30,839
90,932
84,853
81,297
80,830
75,025
81,964
88,464
102,481
101, £97
65,953
61,777
59,050
54,497
53,481
53,431
53,645
54,240
55,768
55,183
54,622
51,984
50,503
47,544
50,444
50,175
50,215
50,227
104,282
104,262
104,232
104,201
1,652
50,244
50,881
50,891
50,793
50,647
50,649
50,650
7,006
7,005
45,902
45,912
1,652
Depositary
bonds
47,607
48,314
49,299
50,043
50,537
11,135
9,621
8,365
6,783
5,830
4,727
3,921
3,546
3,256
2,692
196
171
183
170
117
138
103
103
55,909
55,503
55,685
55,655
50,180
50,259
50,320
50,324
104,171
103,155
103,126
103,083
102,011
101,897
55,587
55,449
55,473
55,293
55,358
55,183
101,874
100,558
100,513
55,075
55,060
55,175
Foreign
series
securities 2/
Foreign
currency
series
securities 3/
Other
Special
issues
4ti,827
44
860
648
392
1,132
817
1,137
957
137
46,246
44,756
44,899
45,043
44,939
44,801
46,627
48,650
51,120
3,243
2,816
2,809
2,797
48
49
49
49
1,044
1,034
1,164
1,144
1,259
1,208
1,208
1,208
136
136
136
134
48,069
46,957
47,052
46,255
50,319
50,335
50,383
50,420
50,483
50,537
2,780
2,774
2,757
2,704
2,694
2,692
47
47
47
47
45
1,207
1,157
1,107
1,031
1,007
957
135
136
140
143
137
137
44,356
45,781
45,959
44,921
48,805
51,120
50,606
50,646
50,616
2,691
U
U
1,099
999
1,039
949
992
817
104
50,696
45
45
747
697
875
884
2,684
2,676
884
859
104
104
53,235
53,068
47,
5U
59
19
25
75
630
832
29
68
141
_L
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.
Table
4.
-
3/
^
Consists of the dollar equivalent of Treasury certificates of
Indebtedness and from October 1962 Treasury bonds issued and
payable in designated foreign currencies.
Includes Treasury bonds. Rural Electrification Administration series
beginning July I960; retirement plan bonds beginning January 1963;
Treasury certificates; and Treasury bonds.
Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debti/
(in million of dollars)
End of
fiscal year
or month
Maturity classes
Amount
Outstanding
Within
1 year
1 - 5
years
5 - 10
years
10 - 20
years
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
155,705
166,675
178,027
133,845
187,148
196,072
203,508
206,489
208,695
209,127
71,952
67,782
72,958
70,467
81,120
88,442
85,294
81,424
87,637
89,136
40,669
42,557
58,304
72,844
58,400
57,041
58,026
65,453
56,198
60,933
12,328
21,476
17,052
20,246
26,435
26,049
37,385
34,929
39,169
33,596
,.'6,407
1965-September.
October. .
November.
December.
208,381
212,097
55,264
54,952
60,593
60,602
35,027
35,024
35,021
35,013
8,447
214,604
92,444
96,491
93,392
93,396
1966-January. .
February.
217,656
217,690
215,150
215,004
213,764
209,127
96,461
94,226
91,704
91,820
92,231
89,136
60,608
62,893
64,306
64,076
62,453
60,933
35,013
35,008
33,607
33,603
33,600
33,596
8,444
8,443
8,442
209,108
211,402
211,771
89,138
92,238
92,642
60,932
62,957
62,952
33,592
30,783
30,774
March
April
May
June
July
August.
September.
.
Source:
1/
.
2H,619
Office of Debt Analysis in the Office of the Secretary.
All issues are classified to final maturity except partially tax-exempt
27,652
21,625
12,630
10,233
9,319
8,360
8,355
8,449
8,439
Average length
20 years
and over
4.349
7,208
8,088
7,658
10,960
15,221
4 yrs.
U,444
5
16,328
17,241
17,023
5
"^
4
4
4
4
5
4
yrs.
VTP.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
9 mos.
3 mos.
7 mos.
4 mos.
6 mos.
11 mos.
1 mo.
mo.
4 mos.
11 mos.
3 mos.
17,199
17,184
17,167
17,148
5
8,440
8,439
17,131
17,120
17,092
17,065
17,040
17,023
4 yrs.
4 yrs.
4 yrs.
4 yrs.
4 yrs.
4 yrs.
10
11
11
10
11
11
8,439
8,437
8,436
17,007
16,987
16,967
4 yrs.
10 mos.
4 yrs.
4 yrs.
11 mos,
10 mos.
8,U6
8,446
8,U5
8,4a
5
5
5
1 mos.
mos.
mos.
mos.
mos.
mos.
mos
mos •
mos.
bonds which have been classified to earliest call date. The last of these
bonds were called on August 14, 1962, for redemption on December 15, 1962.
Treasury Bulletin
24
DEBT OUTSTANDING
Table
5.
-
Special Public Debt Issues to United States Government Investment Accounts
(In millions of dollars)
. ,
.
-
'
October 1966
25
,
Table
6.
-
DEBT OUTSTANDING
,
Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Agriculture Department
Agency
End of
fiscal year
or month
Total
for
Inter-
national
Development 1/
Commodity
Credit
Corporation
Rural
Electrification
Administration
Secretary:
Farmers
Home
Administration
programs
2/
Housing and Urban
Development Department
Export
Import
Federal
Bank of
National
Secretary
WashMortgage
Other
ington 4/
Associ6/
2/
ation
^
22,731
21,859
25,343
25,636
26,011
28,634
29,166
29,241
28,354
26,964
1,198
1,188
1,164
1,138
1,107
1,062
807
735
712
689
13,383
11,528
12,874
12,704
11,534
12,990
13,599
13,990
13,111
11,768
2,519
2,728
2,923
3,155
3,332
3,484
3,657
3,828
4,075
4,234
265
256
323
369
456
854
1,027
1,170
1,235
1,436
1,205
1,528
1,937
1,636
1,698
1,830
1,476
830
513
178
282
476
730
977
1,213
1,567
2,005
2,302
2,753
3,133
1,741
1,502
2,351
2,338
3,202
3,167
2,716
2,393
1,899
1,466
1965- September
October.
November.
December.
27,254
27,752
27,023
27,458
712
712
712
701
11,947
12,314
11,086
11,494
4,170
4,170
4,290
4,203
1,265
1,382
1,399
1,404
365
416
687
700
2;956
2,956
3,006
2,989
li768
1,739
1,778
1,902
1966-Januar7.
February.
March. .
April. ..
May
June
27,518
27,302
27,614
27,340
27,454
26,964
701
701
701
701
701
689
11,740
11,826
11,962
11,636
11,751
11,768
4,203
4,203
4,313
4,313
4,313
4,234
1,435
1,459
1,484
1,490
1,494
1,436
676
334
346
470
547
178
3,015
2,861
2,886
2,940
3,025
3,133
1,665
1,838
1,864
1,732
1,564
1,466
24,710
25,480
26,024
688
688
688
8,984
9,768
9,929
4,234
4,324
4,324
1,445
1,470
1,472
225
313
277
3,228
3,243
3,297
1,894
1,660
2,018
1957
1953
1959
1960
1961
1962
1963
1964
1965
1966
,
.
.
July
August. .
September,
.
Source: Daily Treasury statement.
Note: These securities were issued to the Treasury in exchange for adby the Treasury from public debt receipts \inder congressional
, vances
authorization for specified government corporations and other agencies
Further detail may be found in the 1965
to borrow from the Treasury.
Annual Report of the Secretary of the Treasury, pages 737-90, and the
1965 Combined Statement of Beceipts, Expenditures and Balances of the
United States Government, pages 531-533.
Beginning fiscal 1957 figures exclude notes
1/ And predecessor agencies.
previously issued by the Administrator in connection with informational
The obligation for these notes was assumed by the
media guaranties
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S.C. 1442), and the notes together with
others issued for the same purpose are included in "Other."
2/ Farm housing and other loan programs, and Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund)
2/ Includes securities transferred froo the Reconstruction Finance Corporation, but excludes securities issued under the Defense Production
"37
6/
7/
.
Act.
V
Consists of notes issued to borrow for: The urban renewal program
(formerly slum clearance program); college housing loans; and public
facility loans.
8/
41
Saint
Lawrence
Seaway
Development
Corporation
tion
Act
of 1950
other
8/
7/
100
100
100
100
100
1,730
1,730
1,730
1,730
2,063
2,053
2,053
2,053
54
56
125
125
125
100
100
100
100
100
100
1,730
1,730
1,730
1,730
1,730
1,730
2,053
2,048
2,023
2,023
2,023
2,023
66
68
69
70
71
72
125
125
125
100
100
100
1,730
1,730
1,730
1,975
1,975
1,965
72
124
124
125
10
10
25
Under
Defense
Produc-
21
18
22
21
10
10
10
10
10
10
32
32
25
Administration:
Direct
Authorloan
ity
program
1,294
1,723
1,950
1,970
1,964
1,976
1,923
2,019
2,056
2,023
124
124
124
124
29
Veterans'
733
780
930
1,180
1,330
1,530
1,730
1,730
1,730
1,730
48
97
112
118
121
121
123
123
124
125
35
27
Tennessee
Valley
50
85
95
22
22
29
35
51
72
55
58
74
74
Consists of liabilities taken over by the Association from the
Secretary 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.
public Housing Administration 1957-1963; Federal Housing Administration beginning January 1966.
Consists of notes of: The Administrator, General Services Administration, for defense materials procurement; the Secretary of Agriculture;
the Secretary of Interior (Defense Minerals Exploration Administration) ; the Export-Import Bank of Washington through March 1962;
and the Secretary of the Treasury.
Consists of notes issued by the: Secretary of the Treasury; Small
Business Administration, fiscal year 1957; United States Information
Agency for informational media guaranties (see footnote 1) Secretary
of Commerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund, fiscal years 1959-61 and 1953-65, beginning March 1963;
Virgin Islands Corporation beginning fiscal 1960; District of Columbia
Commissioners for the Stadium Sinking Fund beginning June 1962; and
Secretary of the Interior (Bureau of Mines) for development and
operation of helium properties beginning May 1954, and (Bureau of
Commercial Fisheries) for Federal Ship Mortgage Insurance Fund
beginning January 1966.
;
Treasury Bulletin
26
DEBT OUTSTANDING
Table
7.
-
,
Interest-Bearing Securities Issued by Federal Agencies But
Guaranteed by the United States Government
Not
(in millions of dollars)
End of
fiscal year
or month
Total
1957
1958
1959
1960
1961
1962
1963
19&V
1965
1966
5,013
5,423
6,708
8,407
7,765
9,332
10,192
11,865
13,460
17,666
1965- September
October.
November.
December.
1966- January..
February.
Sferch,
April.
May
June
.
.
.
.
July
August.. .
September
Banks for
cooperatives
179
199
284
330
Federal
home loan
banks 1/
Federal National
Mortgage Association
Federal
intermediate
credit banks
Federal land
banks 2/
382
430
459
498
686
S44
738
456
992
1,259
1,055
1,797
2,770
4,201
4,757
6,309
924
1,159
1,456
1,600
1,723
1,855
2,133
2,315
2,462
2,853
1,552
1,646
1,888
2,137
2,357
2,550
2,725
2,973
3,532
4,105
13,965
14,021
14,223
14,186
708
744
787
796
5,046
5,021
5,221
5,221
2,603
2,501
2,386
2,335
14,494
14,723
15,055
15,773
16,843
17,666
796
819
819
858
834
844
5,068
5,050
5,060
5,435
5,895
6,309
17,928
18,398
18,417
844
882
882
6,594
6,615
6,765
Source:
Office of Debt Analysis and agency reports.
Note:
Excludes securities which are issued for use as collateral for
commercial bank borrowing.
Management
and liquidating Issues
All other
issues
Tennessee
Valley
Authority
1,050
1,165
1,290
2,284
2,198
2,556
1,960
1,698
1,797
3,269
50
145
145
180
225
285
3,612
3,671
3,671
3,710
1,756
1,845
1,918
1,884
240
240
240
240
2,342
2,404
2,470
2,602
2,744
2,853
3,710
3,813
3,813
3,813
3,980
4,105
2,338
2,397
2,648
2,820
3,144
3,269
240
240
245
245
245
285
2,935
2,990
3,012
4,212
4,212
4,295
3,058
285
285
285
1/
2/
570
797
797
797
3,414
3,178
The proprietary interest of the United States in these banks ended
in July 1951.
The proprietary interest of the United States in these banks ended
in June 1947.
r
October 1966
27
.STATUTORY DEBT LIMITATION,
The Second Liberty Bond Act (31 U.S.C. 757b), as amended
$285 billion outstanding at any one time.
by an act approved June 30, 1959, provides that the face amount
to $330
of securities issued under authority of that act, and the face
(act of June 2U,
amount of securities guaranteed as to principal and interest
by the United States (except guaranteed securities held by the
A temporary increase
billion has been authorized through June 30, 1967
1966).
For a legislative history of the public debt limitation,
see the Annual Report of the Secretary of the Treasury.
Secretary of the Treasury) shall not exceed in the aggregate
Table
1. -
Status Under Limitation September 30, 1966
(In millions of dollars)
Maximum amount of debt 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 2^, 1966
Amount outstanding subject to statutory debt limitation:
U.S. Government securities issued under the Second Liberty Bond Act, as amended
Guaranteed debt of U. S. Government agencies
330,000
324 ^82
cq2
Total amount outstanding subject to statutory debt limitation
32/ qoi
Balance issuable under limitation.
5,016
Table
2.
-
Application of Limitation to Public Debt and Guaranteed Debt
Outstanding September 30, 1966
(
In millions of dollars)
Classification
Public debt :
Interest-bearing debt:
Public issues marketable:
Treasury bills
Certificates of indebtedness
Treasury notes
Treasury bonds
Subject to statutory
debt limitation
—
Total public issues
58,3a
7,005
^5,912
100,513
— marketable
211,771
—
Public issues nonmarketable:
Certificates of indebtedness:
Foreign series
Foreign currency series
Treasury notes, Foreign series
Treasury bonds:
Foreign series
Foreign currency series
Treasury certificates
Treasury bonds
U.S. savings bonds
U.S. retirement plan bonds
Depositary bonds
Treasury bonds, R.E.A. series
Treasury bonds, investment series
Total public issues
— nonmarketable
Special issues to Government agencies and trust funds
Total interest-bearing debt
Matured debt on which interest has ceased
Debt bearing no interest:
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:
U.N. Special Fund Series
U S. savings stamps
Excess profits tax refund bonds
U.S. 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 of U.S. Government agencies:
Interest-bearing debt
Matured debt on which interest has ceased
Total guaranteed debt of U.
S.
Government agencies
Total public debt and guaranteed debt
Source:
Dally Treasury statement.
363
519
338
174
340
61
50,616
16
45
23
2,676
55
Not subject to statutory
debt limitation
Total
outstanding
Treasury Bulletin
28
PUBLIC DEBT OPERATIONS
Table
1. -
Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding September 30, 1966
Other than Regular Weekly and Annual Treasury Bills
.
.. ..
..
.
..
October 1966
PUBLIC DEBT OPERATIONS.
Table
Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding September 30, 1966
Other than Regular Weekly and Annual Treasury Bills - (Continued)
1. -
(In millions of dollars)
Amount of maturities
Amount of maturities
Year
and
month
of final
maturity
Held by
U.S. Govt,
Description
Total
1/
1970
Feb...
Mar.
.
Apr.
.
.
investment
accounts and
Federal Reserve Banks
All
other
investors
Bond
2/15/70
4,381
430
3,952
Aug.
.
2-1/2?
Bond
3/15/65-70
2,297
673
1,624
Nov.
.
1-1/2?
Note
4/1/70-EA
406
Bond
8/15/70
4,129
Oct
1-1/2?
Note
10/1/70-EO
113
5?
Note
11/15/70-A
7,675
1,383
6,292
18,684
2,892
15,792
1,396
372
1,025
.
-
Total.
3,723
113
1971
Mar ....
2-1/2?
Bond
Apr
1-1/2?
Note
.
.
5-1/4?
May.
Description
Total
3/15/66-71
4/1/71-EA
5/15/71-A
Note
4?
Bond
8/15/73
3,894
4-1/8?
Bond
11/15/73
4,356
Total
i.%
.
Held by
U.S. Govt,
1973
jS
Aug...
Nov.
Year
and
month
of final
maturity
1/
4,267
1974
Feb.
May..
Bond
2/15/74
3,130
-1/4?
Bond
5/15/74
3,593
3-7/8?
Bond
11/15/74
2,242
1980
Nov.
1,738
4-1/8?
8,o65
Feb.
28
8,250
,
4?
Bond
2/15/80
2,606
3-1/2?
Bond
11/15/80
1,911
2,529
4
Aug
Nov.
.
.
4?
Bond
3-7/8?
Bond
8/15/71
11/15/71
2,806
2,760
596
406
2,210
1983
June.
ll,2f7
3,112
3-1/4?
Bond
6/15/78-83
1,578
3-1/4?
4-1/4?
Bond
Bond
5/15/85
5/15/75-85
1,124
1,217
,145
Total
1972
Feb..
iS
Bond
2/15/72
2,344
247
2,097
June
2-1/2?
Bond
6/15/67-72
1,267
124
1,143
Aug.
/S
Bond
8/15/72
2,579
493
2,086
Sept.
2-1/2?
Bond
9/15/67-72
1,952
80
1,872
2-1/2?
Bond
12/15/67-72
2,658
Total.
-
10,709
2,438
1,163
516
2,354
1985
May.
Total.
,
9,635
1990
Feb...
2,342
investment
accounts and
Federal Reserve Banks
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS
Table
2.
-
Offerings of Treasury Bills
.
October 1966
31
PUBLIC DEBT OPERATIONS
Table
2.
-
Offerings of Treasury Bills
On total bids accepted
Issue date
Average price
per hundred
Regular weekly:
1Q66-June
2.
9
June
16.
•
30
July
7.
July
li.
July
21.
July
28.
4.
11
98.855
97.614
4.530
4.720
98.836
97.594
4.605
.8U
4.575
4.708
98.852
97.624
4.542
4.700
98.840
97.619
4.589
4.710
4.470
4.591
98.880
97.688
6/
4.431
4.573
98.865
97.675
4.490
4.599
197 ,669
4.435
4.610
98.887
97.686
7/
8/
4.403
4.577
98.874
97.639
4.455
4.670
198.,80/V
l97.,515
4.731
4.915
98.822 9/
97.542 l|/
4.660
4.862
98.778
97.488
4.834
4.969
,768
197 ,A73
4.875
4.999
98.793 11/
97.506
4.775
4.933
98.746
97.447
4.961
5.050
/98..737
\97.
4.998
5.096
98.743
97.431
4.973
5.082
98.731
97.422
5.020
5.099
f98.,782
4.819
4.919
98.790
97.528
4.787
4.890
98.779
97.508
4.830
4.929
4.833
4.969
98.782 12/
97.494
4.818
4.957
98.775
97.482
4.846
4.981
4.825
5.050
98.791 12/
97.462 yj
4.783
98.775
97.425
4.846
5.020
5.048
5.315
5.022
5.410
98.737 15/
97.340 16/
98.725
97.275 17/
4.996
5.262
98.710
97.286
5.103
5.368
4.989
5.390
98.708
97.262
5.087
5.567
98.726 18/
07. 208
5.040
5.523
98.704
07.154
5.056
5.416
5.127
5.62Q
5.156
5.657
98.710
140
97. U8 19/
103
641
98.684
97.133
5.206
5.671
"98. 623
5. '447
97. 004
5.927
98.657 20/
97.016 21/
5.313
5.902
98.610
96.992
5.499
5.950
96.947
5.586
6.040
98.609
96.968 22/
5.503
5.997
98.581
96.941
5.614
6.051
98.609
97.066
5.502
5. 803
98.615
97.078
5.479
5.780
98.605
97.057
5.519
5.821
(98.298
(97.221
3.783
3.941
98.318 22/
97.260 2lJ
3.738
3.883
98.273
97.206
3.838
3.960
97.623
98.002
4.075
4.281
97.638 25/
98.008 26/
4.049
4.269
97.616
97.999
4.087
4.288
/ge.gie
5.338
5.433
97.013 27/
96.542 28/
5.170
5.231
96.875
96.364
409
500
4.236
4.192
4.277
4.731
4.699
4.945
4.739
4.773
4.966
4.697
4.964
5.844
5.808
5.806
95.
95.
95.
95.
95.
95.
95.
95.
94.
95.
94.
94.
95.
94.
722
758 29/
681
215 20/
250 21/
4.219
4.184
4. 260
4.719
4.685
4.925
4.719
4.750
4.945
4.630
4.940
5.809
5.764
5.764
95.698
95.745
95.652
95.197
95.225
94.974
95.155
95.144
94.951
95.138
94.943
94.056
95.564
94.074
4.243
4.197
4.288
4.737
4.710
4.957
4.779
4.789
4.980
4.795
4.988
5.863
5.850
5.845
[98, ,870
,879
r98. 778
f98. 780
MP
Aug.
25
f98, 717
\97, ,265
[98.
f98. 697
|_97.
Sept.
15.
Sept.
22.
Sept.
29.
Tax anticipation:
1965-Oot.
11.
u
1966-Aug.
26....
7U
|_"7. 186
"IJ96.408
^
Percent)
4.573
4.744
r98. 724
L97, 313
8.
{
198. 8/W.
97. 602
18
Sept.
Equivalent rate
4.656
4.830
Aug.
1.
(Percent)
98.823
97.558
t97,
Sept.
Price per hundred
4.621
4.824
L97. 488
Aug.
Lou
Equivalent rate '5/
98.832
97.561
|97.,513
Aug.
Price per hundred
4.641
4.826
197, ,679
June
On competitive bids accepted
827
97 560
1.97, .620
23.
(Continued)
High
(Percent)
June
June
Equivalent average
rate 5/
-
5.093
9 -month and one-year
1965-Sept.
Aug.
30....
31....
30....
31....
31....
28
31....
30....
31....
30....
31....
31....
Sept.
30....
Oct.
Nov.
Dec.
1966- Jan.
Feb.
Mar.
Apr.
May
June
July
'2J
6/
7/
1/
9/
10/
11/
12/
12/
yj
ly
16/
17/
18/
19/
20/
21/
22/
95.705
95.750
95.664
95.203
95.236
94.986
95.195
95.161
94.965
95.238
94.967
54.075
195.596
194.113
Bank discount basis.
Except $3,400,000 at 97.694.
Except $500,000 at 98.897.
Except $100,000 at 97.690, and $15,000 at 97.688.
Except $5,000,000 at 98.872 and $153,000 at 98.834.
Except $239,000 at 97.573, $1,452,000 at 97.568 and $300,000 at 97.548.
Except $200,000 at 98.812, and $8,000 at 98.796.
Except $150,000 at 98.824.
Except $20,000 at 98.800.
Except $100,000 at 97.472 and $1,300,000 at 97.467.
Except $1,500,000 at 98.787 and $300,000 at 98.742.
Except $250,000 at 97.431, $100,000 at 97.360, $300,000 at 97.358
and $52,000 at 97.353.
Except $3,000,000 at 97.280.
Except $2,000,000 at 98.736.
Except $620,000 at 97.219, and $750,000 at 97.186.
Except $240,000 at 93.671.
Except $300,000 at 97.025.
Except $1,000 at 97.030, $1,000,000 at 96.991, and $130,000 at 96.972.
007
215 22/
184
986
306
991 22/
110 24/
2^
629
156 26/
22/
2lJ
25/
26/
27/
28/
29/
22/
21/
22/
n/
2V
21/
26/
Except $150,000 at 98.353, $500,000 at 98.335, $1,000,000 at 98.326
and I 2,500,000 at 98.322.
Except $150,000 at 97.318 and $2,000,000 at 97.283.
Except $425,000 at 97.748, $1,000,000 at 97.707, $1,000,000 at 97.701,
$1,050,000 at 97.696, $1,000,000 at 97.690, $1,000,000 at 97.684,
$50,000 at 97.681, $50,000 at 97.666, $1,000,000 at 97.655, $400, poO
at 97.652, $130,000 at 97.649 and $5,000,000 at 97.643.
Except $100,000 at 98.202 and $100,000 at 98.010.
Except $200,000 at 97.120 and $100,000 at 97.080.
Except $1,860,000 at 96.601.
Except $700,000 at 95.772.
Except $200,000 at 95.455 and $700,000 at 95.235.
Except $200,000 at 95.300 and $3,000,000 at 95.255.
Except $350,000 at 95.240, $190,000 at 95.235 and $5,000,000 at 95.229.
Except $100,000 at 95.072 and $400,000 at 95.008.
Except $5,000,000 at 94.130.
Except $5,000 at 95.649, $3,100,000 at 95.639, and $300,000 at 95.633.
Except $5,300,000 at 94.170.
Revised.
Treasury Bulletin
32
PUBLIC DEBT OPERATIONS
Table
3.
-
New Money Financing through
Regular Weekly Treasury Bills
(Dollar amounts in millions)
Description of issue
1/
)
October 1966
33
PUBLIC DEBT OPERATIONS
Table
3.
-
New Money
Financing through Regular Weekly Treasury Bills!/- (Continued)
(Dollar amounts in millions)
Description of Issue
Number of
days to
maturity
Maturity
date
Issue
date
tendered
Amount
of bids
accepted
$2,212
1,202
«1,301
700
2.930
3.008
$200
Amoxint
of bids
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
(Percent
ri962-0ctober
1962-July
^9b3-January
3
91
182
July
12.
Ji962-October
jl963-January
11
10
91
182
2,365
1,126
1,301
700
2.974
3.096
201
19.
ri962-aotober
|l963-January
18
July
91
182
2,454
1,068
1,302
700
2.983
3.133
201
1,298
703
2.892
3.103
200
17
ii962-October
D.963-January
25
ZA
91
182
2,127
1,362
ri962-November
\l%3-Januflry
1
August
31
91
182
2,161
1,576
1,301
700
2.874
3.075
August
fl962-November
\1963-February
91
182
1,972
1,203
1,301
700
2.801
2.990
197
July
26.
199
August
16.
\1%3-February
U
91
182
2,078
1,766
1,301
704
2.867
3.060
204
August
fl962-November
\l963-February
23
21
92
23.
2,003
1,651
1,301
700
2.837
2.984
99
182
30.
fl%2-November
\1963-February
29
28
91
182
2,2<V8
August
1,301
700
2.805
2.916
100
1,259
ri962-December
\1963-March
6
7
91
182
2,054
1,332
1,301
700
2.834
2.977
100
September
September
13.
September
20.
September
27.
fl962-November
fl%2-December
13
U
91
182
2,377
1,291
1,301
701
2.789
2.911
101
\l963-March
(1962-December
1963-March
20
21
91
182
2,265
1,375
1,301
700
2.796
2.962
101
100
fl962-December
\l963-Maroh
fl963-January
April
October
\
{January
October
18.
October
25.
November
15.
November
23.
November
29.
December
December
13,
20...
December
27,
1963-January
2,150
1,777
1,300
700
3
91
182
2,011
1,505
1,300
701
2.752
2.902
100
100
4
2,136
1,631
1,301
701
17
18
91
182
2,225
1,436
1,300
700
2.749
2.843
98
24
25
91
182
2,133
1,394
1,301
700
2.742
2.828
102
April
/
January
31
91
182
2,207
1,573
1,301
701
101
May
2.686
2.775
I
91
182
2,249
1,761
1,301
702
2.841
2.927
101
9
16
91
182
2,325
1,436
1,302
701
2.801
2.846
103
May
February
May
21
23
90
181
2,409
1,274
1,300
800
,833
,892
199
February
28
31
91
183
2,042
1,528
1,300
801
2.853
2.936
199
May
{January
April
(January
2
7
(February
J
\
March
7
6
91
132
2,108
1,663
1,300
801
2.861
2.945
98
June
March
14
13
91
182
1,973
1,321
1,301
801
2.807
2.861
101
99
June
March
December
182
91
182
May
November
91
28
10
11
{February
November
27
2.749
2.938
2.760
2.864
April
October
15
June
March
June
21
20
91
182
2,092
1,248
1,301
800
2.860
2.900
28
27
91
2,660
1,322
1,309
802
2.893
2.924
110
182
April
July
4
91
183
2,220
1,340
1,301
801
2.926
2.966
101
5
January
April
July
11
11
91
182
2,196
1,542
1,301
800
2.920
2.966
100
10.
March
28.
June
September
27
26
91
182
2,133
1,459
1,301
800
2.919
2,977
92
5
92
182
2,081
1,454
1,300
800
2.922
2.982
98
July
October
April
3
April
11..
July
October
91
182
2,292
1,553
1,302
801
2,913
2.978
102
10
April
18..
July
October
18
17
91
182
2,352
1,485
1,301
800
2,917
3.010
100
April
25..
July
October
25
91
182
2,259
1,670
1,300
801
2.884
2.982
99
24
Footnotes at end of table.
11
(Continued on following page)
.
.
Treasury Bulletin
34
PUBLIC DEBT OPERATIONS
Table
3.
-
New Money Financing through Regular Weekly Treasury
Bills!/- (Continued)
(Dollar amoxints In millions)
Description of issue
date
Average rate
on bids
accepted 2/
Amount
of bids
tendered
Amount
of bids
accepted
91
182
$2,054
11,302
1,668
801
2.897
2.989
101
91
2,119
182
1,715
1,301
802
2.905
2.993
100
Number of
days to
maturity
Maturity
Issue
date
New money
increase, or
decrease (-)
(Percent)
1963-May
May
May
2,
fl963-August
October
I
\
f
Au^st
15
November
U
91
182
2,397
1,583
1,302
801
2.903
2.990
98
Ji964.-February
20
21
91
182
2,321
1,431
1,202
800
3.524
3.660
-99
February-
27
May
28
90
181
1,987
1,614
1,201
802
3.480
3.630
-99
August
November
20
91
19
182
2,258
1,633
1,20?
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,
October
1965-January
15
14
91
182
2,123
1,409
1,202
902
3.448
3.549
103
23,
1964-October
1965-January
22
21
91
182
2,070
1,333
1,201
900
3.502
3.619
100
196ul-October
29
1965-January
28
91
182
2,204
1,889
1,201
902
3.475
3.591
101
196i-December
1965-March
11
91
182
2,169
1,464
1,302
901
3.514
3.649
101
1965-March
17
18
91
182
2,083
1,474
1,302
900
3.541
3.693
102
1196^- December
24
Il965-March
25
91
182
2,200
1,624
1,302
901
3.542
3.692
101
[1964.- December
11965-April
31
1
91
132
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
99
April
July
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
11.
May
August
13
12
91
182
2,242
2,448
1,200
1,001
3.903
3.987
100
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
3.989
4.043
102
4*
June
September
3
91
182
2,359
2,304
1,200
1,000
3.982
4.037
100
25^
June
September
2i
91
182
2,368
2,024
1,203
1,000
3.922
3.984
94
1.
July
September
1
91
182
2,061
1,938
1,200
1,002
3.921
3.993
102
8.
July
October
91
182
2,281
2,188
1,202
1,001
3.942
3.993
200
15.
July
October
15
14
91
182
2,336
1,832
1,201
1,001
7
7
91
182
1,966
1,933
1,304
1,003
3.937
3.991
4.532
4.718
14
14
91
182
2,258
2,004
1,302
1,000
4.585
4. 737
102
97
101
9
16
21,
I
November
1964-May
May
July
July
July
29,
21.
28,
September 17,
October
1965-January
"
30,
September 10.
September
2/^.
1,
21.
'
28.
May
196ii-December
f
[
January
31
August
November
f
\
November
1
r
10
|_
February
February
February
February
March
March
April
April
April
1966-January
Jajnuary
4,
6.
13
1966- April
July
April
July
2
23
30
January
20
April
July
21
21
91
182
2,296
2,166
1,301
1,001
4.673
4.770
January
27
April
July
28
28
91
182
2,084
2,305
1,301
1,000
4.596
4.699
Footnotes at end of table.
(Continued on following page)
97
105
October 1966
35
PUBLIC DEBT OPERATIONS
Table
3.
-
New Money
Financing through Regular Weekly Treasury Bills i^- (Continued)
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS
Table
4.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
Date subscription books
October 1966
37
PUBLIC DEBT OPERATIONS.
Table
Date subscrip-
4.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills - (Continued)
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS
Table
Date subscrip1 1 on
Y\
n nlf '^
4.-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills - (Continued)
October 1966
39
PUBLIC DEBT OPERATIONS
Table
Date subscrip-
4.
-
Offerings of Public Marketable Securities Other
than
Regular Weekly Treasury Bills - (Continued)
.
.
il
40
Treasury Bulletin
PUBLIC DEBT OPERATIONS,
Footnotes to Table 4
Subscriptions for $50,000 or less were allotted In full. Subscriptions for more than $50,000 were allotted 15 percent but in no case
less than $50,000.
In addition, $100 million of the bonds was
al l otted to Government investment accounts.
26/ Includes $2,166 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4/f certificates, $14 million of
the 3-5/8% notes, and $64 million of the 3-7/8!f bonds.
2Z/ Subscriptions were permitted to be made with payment in cash or in
the if notes or 3-l/4Sf notes, both maturing August 15, 1962 (see
Table 7, footnote 13).
23/ Consists of allotments on subscriptions fran holders of Treasury
notes maturing August 15, 1962.
22/ Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts, and the Federal Reserve Banks totaled $4,760 million for
the certificates and were allotted in full, in accordance with the
offering circular. Subscriptions from all others totaled $15,395
million and were allotted 12-1/2 percent with subscriptions for
$50,000 or less allotted in full and those for more than $50,000
allotted not less than $50,000.
Subscriptions
for the i% bonds totaled $6,743 million and were
iS/
allotted 22 percent with subscriptions for $100,000 or less allotted
in full and those for more than $100,000 allotted not less than
In addition, $100 million of the bonds iras allotted to
$100,000.
Government investment accounts
All
subscriptions
for the 4-1/4% bonds were allotted in full. In
il/'
addition, $50 million of the bonds was allotted to Government
investment accounts. Savings-type investors were given the privilege
of paying for the bonds allotted to them in installments up to
October 15, 1962 (not less than 30 percent by August 15, 1%2, the
issue date; 60 percent by Sentember 15, 1962; and full payment by
October 15, 1962).
22/ In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $21 million of the 3-3/4% notes
and $320 million of the 4% bonds.
12/ Includes $3,7% million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/8% certificates, $1 million of
the 3-1/2% notes, and $6 million of the 4% tonds.
i^/ Sale of a "strip" of Treasury bills, consisting of an additional
$100 million for cash of ten series of weekly Treasury bills maturing
from January 17, 1963, to Iferch 21, 1963.
i2/ Holders of approximately $458 million of Series F and G savings
bonds which mature in 1%3 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 i5>on payment of any cash difference. Cash payments
amounted to $93,000 for the 3-7/8% bonds and $101,825 for the 4% bonds.
The bonds were sold to a syndicate on the basis of ccopetitive bidding for reoffering to the public. The winning bid was $99.85111 per
$100 of face amount for a 4% coupon, resulting in a net basis cost to
the Treasury of 4.008210%, calculated to maturity.
22/ 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.
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $19.8 million of the 3-5/6% notes,
$29.6 million of the 3-7/8% bonds of 1971, $151.9 million of the
3-7/8% bonds of 1974, and $123.9 million of the 4% bonds of 1980.
22/ The bonds were sold to a syndicate on the basis of carpetitive bidding for reoffering to the public. The winning bid was $100.55119
per $100 of face amount for a 4-1/8% coupon, resulting in a net basis,
cost to the Treasury of 4.093145%, calculated to maturity.
Includes $3,327 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4% certificates, and $85 million
of the 3-5/8% notes.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 5 percent but in no case
less than $100,000.
Includes $4,149 million allotted to Federal Reserve Banks and Government investment accounts.
One-year bills issued monthly beginning September 3, 1963.
In addition to the amounts allotted to the public, there was allotted
to Federal Reserve Banks and Government investment accounts $23 million of the 3-7/8% bonds of 1968, and $171 million of the 4% bonds of
25/
-
51/
52/
S2/
a/
55/
56/
52/
58/
In addition to amounts allotted to the public, $189 million was
allotted to Government investment accounts.
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 83-1/2 percent but in no
case less than $50,000.
In addition, $125 million of the bonds was
allotted to Government investment accounts.
Includes $4,014 million allotted to Federal Reserve Banks and Government investment accounts of the 3-7/8% notes.
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 9 percent but in no case
less than $50,000.
Includes $6,383 million allotted to Federal Reserve Banks and Government investment accounts of the 4% notes and $29 million of the 4-1/4%
bonds.
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, 1%4.
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).
Consists of allotments on subscriptions from holders of Treasury notes
maturing Axjgxist 15, 1964.
Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts and the Federal Reserve Banks, as provided in the offering
circulars, totaled $1,950 million and were allotted in full. Subscriptions subject to allotment totaled $12,903 million: those up
to and including $100,000 were allotted in full; all others were
allotted 15 percent but in no case less than $100,000.
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 fxinds, 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 1974, and $55 million of
the 4-1/4* bonds of 1987-92.
Subscriptions were permitted to be made with payment in cash or in
2-5/8% 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
million:
those up to and including $100,000 were allotted in full;
all othere were allotted 15 percent but in no case less than $100,000.
Includes $4,253 million allotted to Federal Reserve Banks and Government
investment accounts of the 4% notes and $65 million of the 4-1/4% bonds
Includes $3,051 million allotted to Federal Reserve Banks and Govemment
investment accounts of the 4% notes and $1,076 million of the 4% bonds.
Subscriptions were permitted to be made with payment in cash or in
3-1/2% notes or 4% notes, both maturing November 15, 1965 (See Table
7, footnote 28).
Consists of allotments on subscriptions from holders of Treasury
notes maturing Novejiber 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 ^nks, totaled $7,169 million and,
as provided in the offering circulars, were alloted in full where
the subscriber made the required certification of ownership of notes
maturing November 15, 1965. Subscriptions subject to allotment totaled
$4,898 million: those up to and including $200,000 were allotted in
full; all others were allotted 48 percent but in no case less tHan
$200,000.
Subscriptions for $50,000 or less were allotted in full. Subscriptions
for more than $50,000 were allotted 14.5 percent but in no case less
than $50,000.
In addition to the amounts allotted to the public, there was allotted
to Federal Reserve Banks and Government investment accounts $1,250
million of the 4-7/8% notes and $1,121 million of the 5% notes.
Includes $6,685 million allotted to Federal Reserve fanks and
Government investment accounts
Includes $4,431 million allotted to Federal Reserve Banks and Government investment accounts of the 5-1/4% certificates and $1,519 million
of the 5-1/4% notes.
9-month and one-year bills issued monthly beginning September 30, 1966,
Preliminaryn, a.
Not available'
52/
6a/
61/
62/
62/
64 /
W
65/
66/
67/
68/
69 /
70/
71/
72/
1973.
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, 1%4, to April 9, 1964.
Subscriptions were permitted to be made with payment in cash or in
3-1/8% certificates or 4-7/8% notes, both maturing November 15 1%3
(see Table 7, footnote 18).
Consists of allotments on subscriptions from holders of Treasury certificates of indebtedness and Treasury notes maturing November 15,1963.
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 suDject 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 tnan $100,000.
Issued to replace the one-year bills maturing January
15, 1964.
(Continued)
73/
74/
75/
76/
77/
p
I
October 1966
41
PUBLIC DEBT OPERATIONS
Table
5.
-
Amount
issued
(In millions)
Securities issued
Date issued
Securities Issued in
Adjustment payments
issue (per $100
of face value)
1/
•at
By
Treasxu'y
6/23/60
h-3/A%
Note
Bond
5/15/6A-D
5/15/68
3-1/2^
Bond
Bond
11/15/80
2/15/90
3-l/2;e
Bond
[3-7/858
3-l/2!e
To
Treasury
Effective
interest
rate 2/
13,893
320
V
10/3/60
-
Advance Refunding Operations
11/15/98
Investment
yield 2/
3.75ie
4.24S6
3.88
4.14
643
993
3.50
3.50
1,095
1,248
Eligible securities exchanged
^2-l/2)t
Bond
11/15/61
3.92
3.96
2-1/258
2-l/2Se
Bond
Bond
6/15/62-67
12/15/63-68
3.50
3.50
3.97
3.99
2-1/2?
2-l/2;{
Bond
Bond
6/15/64-69
12/15/64-69
2,438
3.38
3.63
2-1/258
Bond
8/15/63
1,131
1,296
1,177
3.62
3.62
2-5/8)8
2-1/4)8
2-1/458
Note
Bond
Bond
2/15/63-A
6/15/59-62
12/15/59-62
2,343
3-3/8*
Bond
-
11/15/66
3/15/61
3-5/85t
11/15/67
Bond
$0.30
3.57
3.75
3.75
3.75
2.25
3.50
3.34
3.25
4.16
4.15
2-1/2)8
2-1/258
Bond
Bond
3/15/65-70
3/15/66-71
0.25
3.56
3.47
4.23
4.21
2-1/258
2-1/2)8
Bond
Bond
3/15/65-70
3/15/66-71
3.60
3.55
4.19
4.19
2-1/258
Bond
Bond
3/15/65-70
3/15/66-71
4.00
3,604
3-1/2%
Bond
-
11/15/80
y
1,035
238
1,273
9/15/61
3-l/2!C
Bond
-
2/15/90
V
722
576
$1.00
1,298
3-l/2)f
Bond
-
11/15/98
V
495
692
2.00
1.00
2-1/2?
1,187
A%
Bond
2.00
3.75
4.11
4.10
2-5/8?
Bond
Bond
2/15/64
2/15/65
563
.25
3.98
4.20
2-5/8)8
Bond
2/15/65
233
345
322
1.25
1.50
1.75
3.43
3.42
3.40
4.21
4.21
4.19
2-1/2?
2-1/2?
2-1/2?
Bond
Bond
Bond
6/15/67-72
9/15/67-72
12/15/67-72
0.25
0.50
3.50
3.49
3.48
4.19
4.19
4.17
2-1/2?
2-1/2?
2-1/2?
Bond
Bond
Bond
6/15/67-72
9/15/67-72
12/15/67-72
0.50
0.10
0.40
0.40
0.40
1.00
3.86
3.77
3.84
3.84
3.85
3.98
3.81
3.80
3.81
3.81
3.81
3.83
3-1/2?
2-5/8?
3-1/4?
3-1/4?
3-1/4?
A%
Certificate
Note
Note
Certificate
Note
Note
2/15/63-A
2/15/63-A
2/15/63-E
5/15/63-B
5/15/63-D
5/15/63-B
0.70
0.30
0.60
0.60
0.60
1.20
4.09
4.04
4.07
4.07
4.oe
4.15
4.06
4.05
4.06
4.06
4.06
4.07
3-1/2?
2-5/8?
3- 1/4?
3-1/4?
3-1/4?
4?
Certificate
Note
Note
Certificate
Note
Note
2/15/63-A
2/15/63-A
2/15/63-E
5/15/63-B
5/15/63-D
5/15/63-B
1,154
1,651
8/15/71
358
2,806
3/1/62
A%
Bond
-
3-1/256
Bond
-
2/15/8O
2/15/90
^
V
900
3-l/2j6
Bond
-
11/15/98
V
181
420
333
933
772
1,093
3-3/A%
Note
8/15/67-A
981
953
1,301
181
i.ZSZ
9/15/62
4if
Bond
8/15/72
370
259
402
449
720
379
2,579
Footnotes at end of table.
(Continued on tollowlng pa&e)
Treasury Bulletin
42
PUBLIC DEBT OPERATIONS
Table
-
5.
Securities Issued in
Amount
issued
(In millions)
Securities Issued
Date issued
Advance Refunding Operations
Adjustment pajToents
at issue (per $100
of face value)
l/
By
Trea sury
3-5/8^
i960
2,275
206
845
2/15/67-B
Note
To
Effective
interest
rate 2/
-
(Continued)
Investment
yield 2/
Eligible securities exchanged
Treasury
$0.50
0.10
0.30
0.10
3.65
3.71
3.65
3.65?
3.65
3.64
3.63
3-1/2%
2-1/2?
3-1/8?
1.10
0.70
0.90
0.70
4.02
3.97
4.00
3.97
3M
1.50
1.70
251
373
3?
Certificate
Bond
Certificate
Bond
8/15/63-C
8/15/63
ll/15/63-D
2/15/64
3.97
3.97
3.96
3.96
3-1/2?
2-1/2?
3-1/8?
3?
Certificate
Bond
Certificate
Bond
8/15/63-C
8/15/63
11/15/63-D
2/15/64
3.98
3.98
3.97
3.97
3-1/2?
3-5/8?
3?
3-3/8?
Note
Note
Bond
0.90
4.04
4.08
3.875
3.97
11/15/65-B
2/15/66-B
8/15/66
11/15/66
0.90
0.50
0.70
0.50
1.00
1.20
4.07
4.04
4.06
4.04
4.08
4.11
3-1/2?
2-1/2?
3-1/8?
3?
3-1/2?
3-5/8?
0.40
3.96
4.03
4.04
4.04
4.04
4.03
4.04
4.04
4.03
4.03
0.65
1.60
0.95
4.01
4.23
4.08
500
1.15
214
782
621
340
721
716
2.10
4.14
4.26
4.18
4.16
4.22
3.76?
4,287
3-7/Sf,
Bond
11/15/71 i/
693
532
94
196
1,515
136
3/15/63
3-7/3^
Bond
11/15/74
V
Bond
1,074
17
49
2
24
i%
Bond
2/15/80
V
195
420
210
213
$0.50
8/15/63-C
8/15/63
11/15/63-D
2/15/64
11/15/65-B
3-3/8?
Certificate
Bond
Certificate
Bond
Note
Note
Bond
Bond
4.02
4.02
4.02
3-1/4?
4-3/4?
3-3/4?
Certificate
Note
Note
5/15/64-B
5/15/64-A
5/15/64-D
4.15
3-1/4?
4-3/4?
3-3/4?
3-3/4?
4?
3-5/8?
3-3/4?
Certificate
Note
Note
Bond
Note
Note
Note
5/15/64-B
5/15/64-A
5/15/64-D
5/15/66
8/15/66-A
2/15/67-B
8/15/67-A
5/15/64-B
5/15/64-A
5/15/64-D
5/15/66
8/15/66-A
2/15/67-B
8/15/67-A
3?
2/15/66-B
8/15/66
11/15/66
1,131
3-7/8i?
Bond
620
194
777
11/15/68
1,591
A%
Bond
8/15/73
9/15/63
1.45
1.15
1.80
0.40
0.70
4.U
4.07
4.12
3,894
375
125
317
4-1/856
Bond
5/15/89-94 i/
1.35
2.30
lU
1.65
1.35
105
91
132
2.00
0.60
0.90
4.20
4.26
4.22
4.21
4.24
4.17
4.20
4.21
4.20
4.20
4.21
4.21
4.21
4.20
3-1/4?
4-3/4?
3-3/4?
3-3/4?
4?
3-5/8?
3-3/4?
Certificate
Note
Note
Bond
Note
Note
Note
4.17
4.29
4.17
4.33
3.96
4.32
4.16
4.15
4.16
4.15
4.15
4.16
3-3/4?
Note
Note
Note
Note
Bond
Note
8/15/64-E
8/15/64-B
11/15/64-F
11/15/64-C
2/15/65
5/15/65-A
4.25
4.30
4.25
4.32
4.17
4.32
4.25
4.25
4.25
4.25
4.25
4.25
Note
Note
Note
Note
Bond
Note
8/15/64-E
8/15/64-B
11/15/64-F
11/15/64-C
2/15/65
5/15/65-A
1,260
1*%
Bond
8/15/70
V
694
165
278
211
654
221
0.95
1.65
0.95
1.85
0.25
l.£
5?
3-3/4?
4-7/8?
2-5/8?
4-5/8?
2,223
1/22/64
4-1/4?
Bond
-
5/15/75-85 4/
239
106
158
117
0.05
0.75
0.05
0.95
1.15
53
76
0.90
748
Footnotes at end of table.
(Continued on following page)
3-3/4?
5?
3-3/4?
4-7/8?
2-5/8%
4-5/8?
i
October 1966
44
October 1966
Treasury Bulletin
46
PUBLIC DEBT OPERATIONS
Table
6.
-
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other than Regular Weekly Treasury Bills V- (Continued)
(In millions of dollars)
Issue
D
.
October 1966
47
PUBLIC DEBT OPERATIONS
Table
7.
-
Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills
Called or maturing securities 1/
Date of
refunding
or retirement
Issue
date
Description
Disposition offers
by Treasury
Amount
outstanding
Exchange
security
offered
Cash
retirement
Results of exchange offers
Exchanged
Turned
in for
cash 2/
(In millions of dollars
1/15/61
5.067% Bill
1/15/61
1/15/60
1,504
2/15/61
A-7/8% Certificate
Bond
2-\/U% Bond
2-5/8% Note
2-1/2% Bond
2/15/61
2/15/60
6,938
6/15/59-62
12/15/59-62
2/15/63-A
8/15/63
6/1/45
11/15/45
4/15/58
12/15/54
5,262
1,504 2/
I
3/15/61 b/
Total.
6,938
V
3,U9
5,000 7/
3,971
6,755
3,000 2/
1,296
1,177
1,131
2,438
8,000
6,041
19,436
3/22/61
2.823% Bill
3/22/61
7/13/60
3,512
Vl/61
1-1/2% Note
4/1/61-EA
4/1/56
144
4/15/61
4.608% Bill
4/15/61
4/15/60
2,001
5/15/61-B
5/15/60
3,674
4-3/8% Certificate
3,670
3,268 1/
3,512 3/
144
2,001 2/
54
3,674
3,599
|_22
5/15/61
3-5/8% Note
5/15/61-B
12/1/58
Total .
6/1/61
3%
4,078
7,753
7,753 2/
Bond
6/1/61
(Panama Canal loan)
6/1/11
50
50
2,631
K
523
5,122 10/
W
6/22/61
2.788% Bill
6/2^61
10/21/60
3,504
3,504
7/15/61
3.265% Bill
7/15/61
7/15/60
1,501
1,501 2/
8/1/61-C
8/15/60
7,829
3-1/8% Certificate -
t
4,078
727
829
7,829
4,560
3,049
2,136
658
991
131
4%
Note
8/1/61 -A
8/1/57
2,136
289
8/1/61
681
890
320
2-3/4% Bond
9/15/61
11/9/53
2,239
2,239
1-1/2% Note
10/1/61-EO
10/1/56
332
332
89
8
12,536
12,536
11,850
183
Total
V.
9/15/61 b/
1,035
722
495
2-1/2% Bond
3/15/65-70
2/1/U
4,688
2-1/2% Bond
3/15/66-71
12/1/44
2,927
2,927
238
576
692
7,615
7,615
3,757
6,963
3,642
2,384
Total.
9/22/61
2.473% Bill
9/22/61
4/3/61
1,503
1,503 S/
10/16/61
3.131% Bill
10/16/61
10/17/60
1,502
1,502
11/15/61
2-1/2% Bond
11/15/61
2/15/54
6,963
1/15/62
2.679% Bill
1/15/62
1/15/61
1,502
3-5/8% Note
2/15/62-A
5/1/57
647
647
2/15/59
1,435
1,435
y
517
4%
2/15/62
Note
2/1 5/62-
1,502 1/
3-1/4% Note
2/15/62-F
11/15/60
9,098
9,098
1-1/2% Note
4/1/62-EA
4/1/57
551
551
Total
11,731
11,731
282
303
11,316
686
Description of new
securities offered
(See also Table i)
Treasury Bulletin
48
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
October 1966
49
PUBLIC DEBT OPERATIONS
Table 7. - Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
.
Treasury Bulletin
50
PUBLIC DEBT OPERATIONS
Table 7. - Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
Called or maturing securities 1/
Date of
refxinding
or retirement
Issue
date
Description
Disposition offers
by Treasury
Amount
outstanding
Exchange
security
offered
Cash
retirement
Results of exchange offers
Exchanged
Description of new
securities offered
(See also Table 4)
Turned
in for
cash 2/
(in millions of dollars)
'i-l/lS Certificate
5/15/64-B
5/15/63
5,693
5,693
L,-yU% Note
5/15/64-A
7/20/59
4,933
4,933
3-3/4$ Note
5/15/64-D
6/23/60
3,893
3,893
3-3/4? Bond
5/15/66
11/15/60
3,597
3,597
Note
8/15/66-A
2/15/62
4,454
4,454
3-7/8? Bond
Bond
4?
l_4-l/8? Bond
620
500
375
Bond
f3-7/8?
Bond
4?
U-1/8? B^nd
r3-7/8? Bond
Bond
\ 4?
\k-\/«l Bond
194
214
125
777
782
J
317
f
[
9/15/63 b/
U%
{
621
114
'4?
Bond
4-1/8? Bond
8/15/73
5/15/89-94 11/
340
105
Bond
4?
^4-1/8? Bond
8/15/73
5/15/39-94 11/
721
91
'4?
Bond
4-1/8? Bond
8/15/73
5/15/89-94 13/
Bond
4?
4-1/8? Bond
8/15/73
5/15/89-94 11/
3-5/8? Note
2/15/67-B
3/15/63
4,287
4,287
3-3/4? Note
3/15/67-A
9/15/62
5,282
5,282
(: 32
32,139
32,139
6,746
Total
10/1/63
1-1/2? Note
10/1/63-EO
10/1/58
506
10/15/63
2.969? Bill
10/15/63
10/15/62
2,500
11/15/63-D
11/15/62
4,554
r
3-1/8? Certificate
11/15/68
8/15/73
5/15/89-94 11/
11/15/68
8/15/73
5/15/89-94 11/
11/15/68
8/15/73
5/15/89-94 11/
716
1,591 of 3-7/8? Bond
3,894 of 4? Bond
1,260 of 4-1/8? Bond 11/
506
2,500 12/
3,823
4,554
731
I
4-7/8? Note
11/15/63
11/15/63-C
11/15/59
3,011
3,011
7,565
7,565 18/
542
2,470
5/15/65-C
3-7/8? Note
I
Total
1/15/64
3.015? Bill
11/15/64
1/15/63
2,496
3-3/4? Note
8/15/64-E
8/1/61
5,019
4,365
2,496 20/
Note
8/15/64-B
10/15/59
2,316
3-3/4? Note
11/15/64-F
8/15/63
6,398
239
Bond
4?
4-1/4? Bond
8/15/70 11/
5/15/75-85 11/
165
106
Bond
4?
4-1/4? Bond
8/15/70 11/
5/15/75-85 11/
278
158
Bond
4?
4-1/4? Bond
8/15/70 11/
5/15/75-85 11/
211
117
|_4-l/4? Bond
8/15/70 11/
5/15/75-85 11/
53
Bond
4?
4-1/4? Bond
8/15/70 11/
5/15/75-85 11/
221
76
Bond
4?
4-1/4? Bond
8/15/70 11/
5/15/75-85 n/
694
(
5?
3,201 12/
21/
1/2^64
y
4-7/8? Note
2-5/8? Bond
4-5/8? Note
11/15/64-C
2/15/65
5/15/65-A
2/15/60
4,195
6/15/58
4,682
5/15/60
Total.
?/l5/64
3?
654
2,113
4,000
750 21/
24,723
3-1/4? Certificate
Bond
2/15/64-A
2/15/64
2/15/63
6,741
2/14/58
6,741
1,634
Total.
1,634
8,376
8,376
3/23/64
3.537? Bill
3/23/64
10/15/63
2,001
4/1/64
1-1/2? Note
4/1/64-EA
4/1/59
457
457
4/15/64
3.062? Bill
4/15/64
4/15/63
2,501
2,501
Footnotes at end of table.
(
U?
2,001 8/
Continued on following page)
12,223 of 4? Bond Xl/
2,972
}
[
15,536
U,082
{
666
728
Bond
124
748 of 4-1/4? Bond 11/
Note
-
8/13/65-D
8/15/66-A 11/
13-7/8? Note
Note
-
-
8/13/65-D
8/15/66-A 11/
r3-7/8? Note
[4?
240
363
U?
6,202 of 3-7/8? Note
1,810 of 4? Note Vl/
October 1966
52
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table
7.
-
Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills
-
(Continued)
October 1966
53
PUBLIC DEBT OPERATIONS
Disposition of Matured Public Marketable Securities
7.
Other than Regular Weekly Treasury Bills - (Continued)
Table
-
Disposition offers
by Treasury
Called or maturing securities 1/
Issue
date
Description
Amount
outstanding
Cash
retirement
Exchange
security
offered
Results of exchange offers
Description of new
securities offered
(See also Table A)
Turned
in for
cash 2/
Ex-
changed
(In millions of dollars)
3-5/8$ Note
3-7/8$ Note
2/15/66-B
2/15/66-C
4/1/66-EA
1-1/2$ Note
5/15/62
8/15/64
4/1/61
Total
2,195
2,195
^^
^
t. 47C
2,597
2,597
J'1,456
675
675
5,467
5,4&7
\l,019
1238
121
I
[4-7/8$ Note
Note
8/15/67-E
11/15/70-A
("4-7/8$ Note
8/15/67-E
11/15/70-A
\5$
[5$
174
50
]151
4,957
510
Note
("4-7/8$ Note
Note
r2,117
2,840
of 4-7/8$ Note
of 5$
Note
1
4$
Note
3-3/4$ Bond
.
5/15/66-D
11/15/64
9,519
•^,519
5/15/66
11/15/60
1,688
1,688
657
11,060
11,060
2,624
1,230
11/15/70-A
5$
6/.
i$
Note
8/15/66-A
2/15/62
3$
Bond
8/15/66
2/28/58
1,024
1,024
324
Total
23.291
23,291
4,836
Grand total.
28,758
28,758
9,793
510
802p
4.062$ Bill
2/28/66
2/28/65
1,001
1,001 i/
3.783$ Bill
3/22/66
10/11/65
3,009
3,009 8/
3.987$ Bill
3/31/66
3/31/65
1,000
1,000
1-1/2$ Note
4/1/66-EA
4^1/61
151
151
4/31/66
4/30/65
1,001
Note
5/15/66-D
11/15/64
8,289
8,289
7,486p
3-3/4$ Bond
5/15/66
11/15/60
1,028
1,028
64'^Jp
379p
9,316
9,316
8,135p
l,181p
3,436
5,602p
2,310p
700
2d8p
271p
3.954$ Bill
5/31/66
5/31/65
1,001
1,001 3/
6/22/66
6/22/66
6/22/66
10/11/65
10/11/65
10/11/65
1,003
2,513
1,007
1,003 8/
2,513 8/
1,007 §/
3.807$ Bill
6/30/66
6/30/65
1,001
1,001 3/
3.875$ Bill
7/31/66
7/31/65
1,000
1,000 3/
Note
8/15/66-A
2/15/62
8,436
Bond
8/15/66
2/28/58
Total.
4-3/4$ Cert.
4$
Note
^^3-3/8$ Bond
9,136
8,451p
11/15/66-A
1/19/66
1,652
1,652
517p
2/15/65
2,254
2,254
582p
11/15/66
3/15/61
1,851
1,851
587p
5,757
5,757
U,893
14,893
Grand total.
4.006$ Bill
9,136
ll/15/66-E
Total
.4-7/8$ Note
11/15/67-F
] 524P
(5-1/4$ Cert.
[5-1/4$ Note
8/1 5/67 -A
5/15/71-A
161p
'5-1/4$ Cert.
8/15/67-A
5/15/71-A
I
5-1/4$ Note
685p
5,870p of 5-1/4$ Cert.
2,580p of 5-1/4$ Note
5-1/4$ Note
8/31/66
8/31/65
1,000
1,000 2/
4.236$ Bill
9/30/66
9/30/65
1,000
1,000 20/
1-1/2$ Note
10/1/66- EO
10/1/61
357
Footnotes on following page.
of 4-7/8$ Note
Note
of 5$
1,001 2/
3.941$ Bill
4.075$ Bill
4.281$ Bill
3$
[2,117
[7,675
y
3.996$ Bill
Total.
8/15/67-E
11/15/70-A
|_5$
357
10,137p
684p
5/15/71-A
5,870p of 5-1/4$ Cert.
of 5-1/4$ Note
{ 4,267p
.
.
Treasury Bulletin
54
PUBLIC DEBT OPERATIONS
Footnotes to Table
Daily Treasury statement: Bureau of the Public Debt.
Source:
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.
5/ Excess of maturing 4-7/8% certificates over allotments of new
securities on subscriptions from holders of those certificates (see
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 exchaugea.
Gain or loss, if any, upon the securities surrendered in exchange
will be taken into account upon the disposition or redemption of the
20/
new securities,. See also Table 5.
From March 20 through March 22, 1961, owners of 2-1/4% bonds of June
15, 1959-62, 2-1/4% bonds of December 15, 1959-62, 2-5/8% notes
maturing February 15, 1963, and 2-1/2% bonds maturing August 15, 1963,
were granted the option of exchanging their holdings. The first
three were exchangeable for a new 3-5/8% bond due November 15, 1967,
and the last fnr a new ^ -S/8i bond due N ovember 15, 1966. Exchang es
were subject to allotment if subscriptions exceeded $5 billion for
the bonds of 1967 or $3 billion for the bonds of 1966.
8/ Tax anticipation issue; for detail of offerings beginning 1961, see
Table 4; for amounts redeemed for taxes and for cash see "Note" below,
2/ 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,
10/ 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).
11/ Reopening of an earlier issue.
12/ $1,569 million was redeemed for cash and $168 million was exchanged
for the tax anticipation bills dated March 23, 1962 (see Table 4).
13/ 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.
14/ 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),
15/ From September 10 through September 12, 1962, owners of securities
maturing February 15, 1963 (3-1/2% certificates, 2-5/8% notes,
3-1/4% notes), and May 15, 1963 (3-1/4% certificates, 3-1/4% notes,
4% notes) were granted the option of exchanging their holdings,
subject to allotment if subscriptions exceeded the offering limits
of $6 billion for the notes and $3 billion for the bonds.
16/ Called on August I4, 1962, for redemption on December 15, 1962.
17/ Holders of the maturing one-year bills were offered the option to
exchange the bills for the tax anticipation bills dated October 15,
1963 (see Table 4, footnote 45),
18/ 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
$7,600 million offering of 3-7/8% notes. For detail of offering, see
Table 4.
19/ 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).
25/
21/
22/
y
23/
24/
u
26/
27/
28/
29/
20/
p
Note:
7
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 limitation.
For allotment details see Table 4, footnote 52.
Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them in
payment or exchange, :n 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 Table
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 tS 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 subscription from holders of those bonds (see Table 4, fofttnotes
66 and 67).
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 $9,700 million offering of 4-1/4% notes. For detail of offering, see Table 4.
Excess of matiuring 3-1/2% notes and 4% notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 71 and 72).
Rolled over into 9-month and one-year bills under new program
beginning September 30, 1966 (see Table 4).
Preliminary.
Information on retirement of tax anticipation issues referred to
in footnote
October 1966
56
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable In U. 3. Dollars)
October 1966
i
Treasury Bulletin
58
PUBLIC DEBT OPERATIONS.
Table
8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Peyable in U. S. Dollars)
Month of
-
(Continued)
.
October 1966
59
PUBLIC DEBT OPERATIONS
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
Table
8.
-
(PayRble in U.
Month of
activity
Issue
date
Securities
Maturity
date
S.
Dollars)
Interest
rate
Retired
Total outstanding
end of month
(In millions of dollars)
5/18/65
3/3/65
3/9/65
3/16/65
i/22/65
5/25/65
8/18/65
6/8/65
6/9/65
6/16/65
7/22/65
8/25/65
3/8/65
6/8/65
4.00
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
5/30/65
9/30/65
9/30/65
9/30/65
Certificates of indebtedness
4/1/65
6/8/65
7/1/65
9/8/65
3.95
3.80
Notes
Uk/bL,
7/6/65
7/6/65
10/6/66
4.03
3.97
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
3.90
3.75
3.75
2.00
2.00
2.00
3.75
3.90
b/3a/b5
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
7/12/63
10/12/65
10/12/65
1/12/68
3.63
4.26
Certificates of indebtedness
8/24/65
11/24/65
3.75
Bonds
9/16/64
11/1/65
4.00
30
11/10/65
2/10/66
3.75
3.75
40
Certificates of indebtedness
8/10/65
11/10/65
40
Notes
11/12/65
5/13/68
4.30
75
2/14/66
11/12/65
2/14/66
11/26/65
11/26/65
11/26/65
2/28/66
11/26/65
1/28/66
2/28/66
3.75
3.85
4.05
3.85
3.85
3.85
4.10
3.85
4.05
4.15
10
Certifioates of indebtedness
11/12/65
8/11/65
11/12/65
8/25/65
8/27/65
8/30/65
11/26/65
8/27/65
11/26/65
11/30/65
11/30/65
12/10/65
11/10/65
6/22/65
12/22/65
2/28/66
1/4/66
2/10/66
12/22/65
6/22/66
4.15
4.35
3.75
3.875
4.375
12/23/65
6/23/70
4.66
Certificates of indebtedness
1965-May.
r
12/22/6i.
Certificates of indebtedness
June.
July
Certificates of indebtedness
(
August
.
Certificates of indebtedness
^
Sept
Certificates of indebtedness
Notes
/
•
Oct
Nov.
^
Certificates of indebtedness
.
Dec.
Notes
'
Certificates of indebtedness
11/12/65
9/30/65
12/30/65
2/14/66
12/30/65
3/30/66
3.90
50
4.00
3.95
3.95
3.95
3.90
3.80
3.875
3.875
3.75
3.75
3.75
3.75
2.00
3.784
4.05
3.983
4.457
(Continued on following page)
32
15
722
30
50
18
18
50
50
25
1,132
>
25
20
20
275
135
100
18
125
125
100
919
5
25
180
35
250
20
50
95
35
250
40
25
864
10
40
150
2
58
10
135
1,0U
325
25
25
1,034
10
I
25
25
•
1,164
40
2
58
100
140
140
75
75
10
15
50
50
1,144
85
25
325
325
Treasury Bulletin
60
PUBLIC DEBT OPERATIONS
Table 8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable In U. S. Dollars)
October i966
61
PUBLIC DEBT OPERATIONS
Table
Month of
activity
9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
Treasury Bulletin
62
PUBLIC DEBT OPERATIONS
Table 9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
October 1966
63
PUBLIC DEBT OPERATIONS
Table 9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
u
Treasury Bulletin
.UNITED STATES SAVINGS BONDS.
Series E and H are the only savings bonds currently
Series E has been on sale since May 1, 13^1,
being sold.
and Series H has been on sale since June 1, 1952. Series
A-D were sold from March 1, I935, through April 30, 19'4-1.
Series F and G were sold from May 1, \3^1, through April
Table
1.
-
30,
1952. Series J and K were sold from May
1,
1952 through
April 30, 1957. Details of the principal changes In Issues,
Interest yields, maturities, and other terms appear In the
Treasury Bulletins of April 1951, May 1952, May 1957, October and December 1959, bji& May and October 1961.
Sales and Redemptions by Series, Cumulative through September 30, 1966
(In millions of dollars;
.
.
.
October 1966
65
.UNITED STATES SAVINGS BONDS.
Table
3. -
Sales and
Redemptions by
(
Sales 1/
Period
Accrued
discount
Periods, Series
E through K
In millions of dollars)
Redemptions 1/
Sales plus
accrued
discount
Sales
price 3/
Amount outstanding
Accrued
discount 3/
Interest-bearing
debt
3,794
732
755
797
886
721
731
742
754
833
897
40,929
41,498
Series E and H combined
Fiscal years:
1941-1956..
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
Calendar years;
1941-1956
1957
1958
1959
1960
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
4,650
10,298
1,133
1,161
1,174
1,194
1,254
1,331
1,3C6
1,458
1,502
86,763
4,507
4,689
4,320
4,350
4,539
4,278
4,760
4,609
4,486
10,863
1,143
1,178
1,169
1,224
1,293
1 , 372
1,404
1,491
1,514
97,625
1965-September
October.
November.
December.
342
369
338
1966-January.
February
March, ...
April
Hay
June
Months
94,761
5,746
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
5,305
50,038
52,105
4,686
4,129
4,636
4,202
3,781
3,882
3,823
4,061
4,254
4,122
783
727
6,000
56,228
5,469
4,856
5,519
4,996
4,484
4,636
4,557
4,841
5,117
883
794
703
754
733
780
863
41,398
41,578
42,589
42,559
43,137
44,485
45,499
47,106
48,366
49,249
129
112
116
139
472
482
454
468
429
382
372
394
360
321
313
329
69
62
60
65
48,994
49,093
49,175
49,249
473
345
457
426
413
397
150
125
127
119
117
608
419
493
466
430
445
486
349
410
386
360
371
122
71
84
79
U5
622
470
584
545
530
542
70
74
49,263
49,314
49,405
49,485
49,585
49,682
411
387
153
127
133
565
514
535
449
436
373
366
523
U6
75
70
77
49,798
49,876
49,889
1,542
6,1U
6,045
6,192
5,649
5,867
5,489
5,574
5,832
5,650
6,164
6,101
4,4U
4,432
4,310
4,616
3,906
3,873
3,759
3,982
4,154
4,408
42,
U2
42,716
42,715
43,806
U,955
46,359
47,737
48,795
49,682
:
July
August.
September,
.
.
329
403
Matured
noninterestbearing debt
... ..
,
.
66
Treasury Bulletin
UNITED STATES SAVINGS BONDS.
Table
3.
-
(
Sales 1/
Accrued
discount
Sales plus
accrued
discount
-
(Continued)
In millions of dollars)
Redemptions
Period
K
Redemptions by Periods, Series E through
Sales and
Total
Sales
price 3/
1^''
Accrued
discount 3/
Exchanges of
E bonds for
H bonds
Amount
outstanding
( interestbearing debt)
Series E
Fiscal years:
1941-1956..
1957
1953
1959
1960
1961
1962
1963
1964
1965
1966
. .
.
Calendar years:
19il-1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
-
Months
1965-September,
October.
November
December.
81,238
3,919
3,389
3,688
3,603
3,689
3,674
3,914
4,136
4,112
4,246
10,298
1,133
1,161
1,174
1,194
1,254
1,331
1,386
1,458
1,502
1,542
91,536
83,176
3,875
3,802
3,593
3,632
3,711
3,624
4,185
4,132
4,092
10,863
1,143
1,178
1,169
1,224
1,293
1,372
1,404
1,491
1,514
94,038
315
342
310
305
433
317
407
53,638
4,981
4,951
4,889
5,131
4,394
4,343
4,203
4,363
4,538
4,801
49, 8 V*
5,589
5,623
5,606
55,951
5,220
4,653
5,225
4,729
4,249
4,349
4,229
4,425
4,650
51,329
4,437
3,931
4,342
3,935
3,546
3,595
3,495
3,646
3,787
4,122
783
727
883
794
703
754
733
780
129
112
116
139
444
455
426
4A3
382
343
335
357
313
291
69
62
60
65
15
16
14
12
41,257
41,353
41,430
41,504
150
125
127
119
117
582
441
534
506
493
509
568
372
446
122
71
440
424
387
84
79
70
405
357
345
317
331
22
14
25
41 ,497
301
525
406
5,052
5,049
4,862
4,797
4,943
5,005
5,300
5,594
5,514
5,787
5,018
4,979
4,767
4,856
5,003
4,996
4,243
4,196
4,092
4,295
3,673
3,613
3,461
3,609
3,705
3,904
3,794
732
755
797
336
721
713
742
754
333
897
363
201
188
219
191
206
188
212
278
212
199
208
198
190
37,898
37,969
38,067
33,040
37,456
37,817
33,260
39,166
40 , 190
41,078
41,853
38,087
37,885
38,206
37,743
37,597
38,
HO
38,587
39,740
40,739
41,504
:
.
.
1966- January.
February.
March. . .
April
.
June
387
375
364
July
August. .
September,
372
355
372
May
.
145
153
127
432
131
504
394
281
275
331
324
361
21
41,552
41,620
41,684
41,763
74
19
41,853
75
70
77
22
13
18
18
41,950
42,019
42,067
Series H
Fiscal years:
1952-1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
,
Calendar years
1952-1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
194
196
236
217
322
233
260
298
373
449
504
194
196
236
217
322
233
260
298
373
449
504
3,587
3,537
631
887
722
718
277
248
198
294
267
235
287
328
277
243
198
294
267
235
237
323
477
394
631
887
722
718
328
654
575
477
394
416
467
416
467
47
39
33
33
47
28
25
28
27
28
25
40
29
50
40
40
48
40
48
828
654
575
1966-January
February
March.
April
May
June
40
29
.
50
40
38
33
.
July
August
September.
.
3,225
694
732
813
704
775
747
604
521
431
404
201
188
219
191
206
188
212
3,031
3,529
4,075
4,676
5,259
5,989
6,695
7,193
7,546
7,716
7,829
:
Months:
1965-September
October.
November
December.
.
3,225
694
782
818
704
775
747
6O4
521
431
404
.
.
.
Footnotes at end of Table 4,
39
32
31
38
39
38
33
3,310
3,693
4,333
4,811
273
212
199
208
198
190
15
16
14
12
22
14
25
53
53
42
42
42
42
40
19
13
18
33
39
40
32
31
42
42
42
85
35
42
18
21
22
5,540
6,345
6,912
7,367
7,627
7,744
7,737
7,741
7,745
7,744
7,767
7,762
7,785
7,801
7,817
7,829
7,848
7,857
7,821
....
67
October 1966
.UNITED STATES SAVINGS BONDS.
Table
4.
-
Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Matured
Period
Total 1/
Total
Fiscal years:
6,137
5,109
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
5,621
6,515
7,251
7,846
8,958
8,5U
1961
1962
1963
1964
1965
1966
Cal find ar years:
1951:;..
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961.
1962.
1963.
1964.
1965.
817
792
1,761
2,747
3,941
4,263
4,115
3,730
7,249
8,557
5,819
5,716
5,273
5,164
5,346
5,724
3,621
5,651
772
4,126
2,673
2,593
2,250
2,057
2,184
2,253
5,074
6,149
6,985
7,301
8,264
9,630
7,255
8,772
6,732
5,595
5,602
5,021
5,252
5,441
406
396
420
159
162
174
145
653
460
195
161
April
543
513
294
226
May
June
472
491
199
190
499
477
176
197
1965-Septeinber.
October.
November
December.
.
.
1966-January.
February
.
.
March
July
August.
.
.
Septembr^r.
451
Series E
and H
1
..
,
Treasury Bulletin
68
OWNERSHIP OF FEDERAL SECURITIES.
Table
-
1.
Distribution of Federal Securities by Classes of Investors and Types of Issues
I,
in miiiions of dollars)
Interest-bearing securities issued by the U.S. Government
Held by U.S. Government
investment accounts 2/
Total
Federal
securities outstanding
End of
fiscal year
or month
Total
outstanding
1/
Public
issues
Special
issues
Held by
Federal
Reserve
banks public
is
Interest-bearing securities guaranteed by the U.S. Government /^/
Held by private
investors j/
Held by
su e s
289,211
298,645
306,466
312,526
317,864
320,369
263,486
274,698
281,833
283,241
285,672
294,442
301,954
307,357
313,113
315,431
55,501
55,842
54,554
55,259
56,002
56,296
58,206
60,964
63,236
66,618
8,674
9,596
9,799
10,360
10,959
11,357
13,405
14,337
14,586
15,497
46,827
46,246
44,756
44,899
45,043
44,939
44,801
46,627
48,650
51,123
23,035
25,438
26,044
26,523
27,253
29,663
32,027
34,794
39,100
42,169
189,949
193,418
201,235
201,459
202,417
208,483
211,721
211,598
210,776
127,179
134,593
144,983
149,546
151,392
157,418
160,361
159,575
157,220
206,645.
153,566
6L,770
58,325
56,252
51,9:3
51,025
51,065
51,360
52,023
53,556
53,079
1965- September,
October,
November,
December,
317,270
319,394
322,176
321,359
312,359
314,557
317,357
316,515
63,472
62,140
62,702
61,767
15,403
15,183
15,650
15,512
48,069
46,957
47,052
46,255
39,774
39,657
40,575
40,768
209,113
212,760
214,080
213,979
155,410
159,363
160,500
160,430
53,703
53,397
53,579
53,549
1966- January
February
March,
April
May
June
322,419
323,746
321,454
320,051
322,825
320,369
317,599
318,921
316,582
315,219
317,927
315,431
59,885
61,606
61,597
60,390
64,387
66,618
15,529
15,824
15,638
15,469
15,582
15,497
44,356
45,781
45,959
44,921
48,805
51,120
40,565
40,189
40,734
40,713
41,430
42,169
217,149
217,126
214,251
214,115
212,060
206,645
163,667
163,782
160,883
160,926
158,807
153,566
319,768
324,904
325,250
314.880
319,697
320,014
66,281
69,195
69,085
15,585
15,960
16,016
50,696
53,235
53,068
42,380
42,518
42,907
206,218
207,983
208,023
153,247
155,028
154,949
1957
1958
1959
1960
1961
1962
1963
196i
1965
1966
270, 63A
21b, LAL,
28i,817
286, /i71
.
.
.
, , ,
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,
Includes certain debt not subject to statutory limitation.
For amounts
subject to limitation, see page 1,
Includes accounts under the control of certain U.S. Government agencies
Source;
1/
2/
y
4/
Held by
private
investors
U.S.
Total
out-
Public
nonmarketable
issues
Public
marketable
issues
Government
investment
accounts
standing
3/
Matured
debt
and
debt
bearing
no
interest
2/
106
101
110
139
240
50
1,646
2,873
3,090
3,300
3,759
3,907
4,357
4,163
4,477
460
94
46
47
60
153
277
440
653
450
367
519
490
462
453
116
115
100
100
403
376
362
354
4,391
4,347
4,357
4,391
53,482
53,344
53,368
53,189
53,253
53,079
413
433
454
467
464
460
96
98
97
96
94
94
317
335
357
371
370
367
4,407
4,392
4,418
4,366
4,433
4,477
52,971
52,956
53,074
488
483
501
92
90
396
393
411
4.401
4,724
4,735
54
63
79
87
167
165
159
139
444
605
812
589
90
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.
Table 2. - Net Market Purchases or Sales of Federal Securities for
Investment Accounts and Other Accounts Handled by the Treasury]/
(In millions of dollars; negative figures are net sales)
Year
1940.
1941.
1942,
1943,
19U,
1945.
1946.
1947,
1964,
1965,
1966,
1/
Feb.
-9,5
-2.8
-.5
-14.5
-9,9
-67.5
-8.1
-20.9
12.0
30,0
-90,3
-105.1
-48.1
-.7
.1
-.2
8.8
-6.6
36.8
22.1
24.6
7.0
23.0
177.4
-1.8
13.5
261.2
6,7
8,8
-4.0
77.2
-1.3
14.3
-123,4
14.1
17.5
-5,6
76,9
80.7
148.7
397.6
75.1
1948,
1949,
1950,
1951.
1952,
1953.
1954,
1955,
1956,
1957,
1958,
1959,
1960,
1961.
1962,
1963,
Jan.
'
Apr.
-5-7
-1.6
-.7
,9
5.8
-72.9
-11.5
-5.9
.3
.3
.4
-16.5
-55.6
-35.2
-10.0
-34.4
3.3
-(^9
-4.7
-61.3
-338.6
106,8
-12.1
1.5
-30.4
-54.7
-1.9
11.4
5,1
6,3
-145.8
20.5
-56.4
.
S
-359.2
1.1
-83.4
July
Aug.
-.3
-4.4
-.2
-2.3
-67.8
-18.5
-17.0
-157.3
-609
-8.4
-15.8
-19.0
-.2
-41.2
-308.1
-4.5
-2.7
-28.1
-12.5
-74.1
-123.1
1.0
-123.0
-14.1
5.4
-.1
8,2
4.4
3.8
-2.0
4.7
7.2
4,6
.
Sept.
18.9
1.1
8,4
19,9
36,2
-2,9
29,9
-9.8
72.6
-155.9
23.0
16.5
-21.3
47.1
142.1
10.7
13.4
10.6
62.2
43.1
56.1
18.9
293,5
46,7
35.4
-2,1
44.0
16,4
19,5
13.2
32.3
313.4
-36.3
53.1
21,8
24.2
39.9
656.2
398.8
15.8
177.2
9.9
-14.5
15.4
-8.7
73.9
49.2
182.4
445.5
32.2
35.5
25.6
61.9
-59.0
26.4
19.1
18.3
44.4
17,3
-304,4
33.5
8.4
10.3
10.6
28.3
3.4
25.1
325.5
373.1
101.1
210.9
334.5
111,3
83.2
38.2
44.6
7,0
27,1
155.8
143,1
298.8
141.0
69,7
59,4
28.7
145.9
60.3
223.4
578.6
264.1
169.8
198,6
55,5
482,7
,5
12.9
-22.4
2.9
35.9
2.8
56.2
5.7
Consists of purchases or sales, in the market, by the Treasury of securities
issued or guaranteed by the U.S. Government for (l) 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
5.1
3.5
1,5
20,1
-45,5
22.5
1.4
7.9
1.9
-21.7
74.8
-17.2
20.3
,2
.4
9.4
5.0
2.8
3.5
38.4
-10.3
11.3
-1,1
60.0
-5.0
-5.9
4.8
-12.0
-57.6
221.0
-20.3
696.4
.1
-.8
-1,7
11,5
10.7
-3.6
11.7
-1.1
14,2
7.9
-.2
-.1
7,0
29,0
8.2
41,0
234.8
41.1
25.5
36.8
-23.3
345.7
83.9
-67.3
55.1
71,6
105.5
57,3
-25.4
436,7
21.3
33.3
43.7
113.1
39,7
27,8
19,5
33.8
126.2
39.8
100.1
233.0
116.8
-1.9
.3
5,8
8.4
16.5
17.0
21.1
-30.7
56,2
26.6
17.3
,6
of the Treasury of any outstanding securities as authorized under
Section 19 of the Second Liberty Bond Act, as amended (31 U.S.C, 754a).
This table excludes (l) all investment transactions for the Exchange
Stabilization Fund; and (2) all purchases by subscription on original
issue and all securities which are redeemed upon maturity.
Less than $50,000.
....... .,.
,
9
.
9
3
October 1966
69
CWNERSHIP OF FEDERAX SECURITIES,
Table
3.
-
Estimated Ownership of Federal Securities
(Par values 1/ in billions of dollars}
Held by banks
End of
month
Total
Federal
securities
outstanding 2/
Held by private nonbank investors
U.
Commercial
banks
Federal
Reserve
Banks
2/
S.
Government investment
accounts
Individuals J^
Savings bonds
Total
Total
i7.6
15.9
2.5
6.5
22.7
1946-Feb. 2/Dec
279.8
259.5
93.8
74.5
22.9
23.3
28.0
30.9
135.1
130.7
64.1
64.2
19 50- June.
Dec.
257.4
256.7
65.6
61.3
18.3
20.8
37.8
39.2
135.6
134.9
1951-June.
255.3
259.5
58.4
61.6
23.0
23.8
41.0
42.3
259.2
267.4
61.1
63.4
22.9
24.7
266.1
275.2
53.8
63.7
1939-Dec
Dec.
1952-June.
Dec.
19 53- June.
Dec.
271.3
278.3
19 54- June.
Dec.
Series
E and H
Other
series
^
Other
securities
Mutual
Insurance savcompanies ings
banks
State
and
Corporalocal
tions 6/
governments
1.9
8.2
6.3
3.1
30.8
30.3
12.5
13.9
20.8
20.1
24.4
24.9
11.1
11.8
19.9
15.3
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
132.9
131.3
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
44.3
45.9
130.8
133.4
64.8
65.2
34.9
35.3
14.1
13.8
15.7
16.0
15.7
16.0
9.6
9.5
18.8
19.9
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
13.6
21.5
25.0
24.9
49.3
49.6
133.3
135.1
64.8
63.5
37.5
38.2
12.1
15.2
13.6
15.4
15.3
9.1
11.7
16.5
19.1
274.4
280.8
63.5
62.0
23.6
24.3
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
3.7
8.5
18.6
23.2
272.8
276.7
57.3
59.5
23.8
24.9
53.5
54.0
138.3
138.2
66.6
65.9
40.9
41.4
9.4
8.7
16.3
15.8
13.6
13.2
8.4
8.0
17.3
18.7
270.6
275.0
56.2
59.5
23.0
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
276.4
283.0
65.3
67.5
25.4
26.3
55.9
54.4
129.9
134.8
64.4
63.7
42.1
42.5
5.9
Dec.
5.2
16.4
16.0
12.2
12.7
7.4
7.3
14.1
18.1
19 59- June.
284.8
61.5
60.3
26.0
26.6
54.6
53.7
142.6
150.3
66.3
69.4
42.6
42.4
4.5
290.
3.5
19.3
23.5
12.6
12.5
7.3
6.9
19.8
21.4
I960- June.
Dec...
286.5
290.4
55.3
62.1
26.5
27.4
55.3
55.1
149.3
145.8
69.7
66.1
42.5
42.9
3.1
2.7
24.1
20.5
12.0
11.9
6.6
6.3
19.5
13.7
1961- June..
Dec...
289.2
296.5
62.5
67.2
27.3
28.9
56.1
54.5
143.3
145.9
64.6
65.9
43.6
44.2
2.5
2.2
18.6
19.5
11.4
11.4
6.3
6.1
18.5
18.5
1962-June.
298.6
304.0
65.2
67.2
56.5
55.6
147.3
150.4
65.7
66.0
44.6
45.1
2.0
1.8
19.0
19.2
11.4
11.5
6.3
6.1
18.2
18.6
306.5
305.5
307.2
307.3
307.1
308.9
310.1
64.4
63.3
61.7
63.0
63.2
62.8
64.3
32.0
32.5
32.4
32.6
32.8
33.7
33.6
53.4
57.2
57.7
58.0
151.7
152.7
154.2
153.4
154.0
154.7
154.3
66.1
66.9
67.2
67.5
67.7
68.0
63.2
46.0
46.1
46.2
46.3
46.4
46.6
46.7
1.5
1.5
1.5
1.4
1.4
1.4
1.4
18.6
19.3
19.5
19.7
19.9
20.1
20.1
11.0
11.1
11.1
11.2
11.2
11.3
11.3
6.1
6.1
6.1
6.0
5.8
5.8
5.8
18.7
18.8
19.5
13.0
18.7
19.8
18.7
62.9
62.2
61.6
61.1
60.0
60.2
59.3
60.1
61.9
62.2
63.6
64.0
32.3
33.2
33.8
33.2
34.2
34.8
35.1
35.2
35.4
35.7
36.8
37.0
56.5
57.5
57.6
56.1
59.4
61.1
59.9
61.8
61.8
60.5
61.2
60.6
157.2
153.3
157.4
153.0
158.7
156.4
157.7
157.9
157.5
158.0
157.8
157.1
68.7
69.0
69.5
63.7
69.1
69.2
69.5
69.0
69.6
69.8
69.7
70.0
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
1.2
1.2
1.1
Dec.
309.3
311.1
310.4
308.4
312.3
312.5
312.0
314.9
316.5
316.5
319.3
318.7
20.6
20.8
21.2
20.3
20.7
20.7
20.9
20.4
20.9
21.0
20.8
21.1
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
5.8
5.7
5.7
20.0
21.0
19.8
20.2
20.8
18.5
19.0
19.0
17.7
18.7
18.5
17.9
318.6
320.6
318.4
317.2
319.8
317.9
317.1
318.7
317.3
319.4
322.2
321.4
62.9
61.7
60.4
59.7
53.4
58.3
57.3
56.5
57.5
59.7
60.0
60.9
36.7
36.9
37.6
37.8
38.7
39.1
39.2
39.0
39.8
39.7
40.6
40.8
59.1
160.
161.6
159.8
160.6
160.1
157.1
158.3
158.4
156.4
157.8
158.8
157.8
21.5
21.8
22.3
22.0
22.0
21.8
22.5
22.4
22.8
22.8
22.7
22.7
1966-Jan..
Feb..
Mar.
Apr..
May..
June.
322.4
323.7
321.5
320.1
322.8
320.4
61.0
58.7
56.9
56.8
54.9
54.5
40.6
40.2
40.7
40.7
41.5
42.2
60.0
61.7
61.7
60.5
64.5
66.7
160.9
163.2
162.1
162.0
161.9
157.0
73.3
73.9
75.1
74.9
74.6
74.3
48.0
48.1
48.2
43.2
48.3
48.3
48.4
43.5
48.5
48.6
48.7
48.8
48.8
5.3
60.4
60.7
59.2
62.7
63.4
62.3
64.8
63.6
62.3
62.3
61.9
70.6
71.0
71.5
71.2
71.2
71.1
71.8
71.8
72.2
72.2
72.3
72.3
11.3
1965-Jan.
Feb..
Mar..
Apr.
May..
June.
July.
Aug..
Sept.
Oct..
Nov.
Dec.
23.7
24.3
25.4
25.2
24.8
24.4
10.4
10.3
10.2
10.1
10.0
9.7
319.8
324.9
53.2
54.4
42.4
42.5
66.4
157.8
1'?.7
74.4
74.7
24.5
24.7
9.7
9.7
1955-June.
Dec.
19 56- June.
Dec.
19 57-June.
Dec.
1958-June.
Dec...
Dec...
1963-June.
July..
Aug..,
Sept.,
Oct. .,
Nov,
.
Dec,
1964-Jan.
Feb.
Mar.
Apr..
.
.
Ifey.
June.
July.
Aug.
Sept.
Oct..
Nov..
July
. .
Aug. p.
57.1
58.9
58.3
69
.
Office of Debt Analysis in the Office of the Secretary.
Source:
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,
savings
i/ Consists of commercial banks, trust companies, and stock
banks in the United States and in Territories and island possessions.
Figures exclude securities held in trust departments.
1.1
1.1
1.1
1.0
1.0
1.0
1.0
1.0
.9
.9
.9
.9
.9
.8
.8
.8
.8
.8
42.
49.0
49.0
49.1
49.2
.7
.7
.6
49.3
.6
.5
8/
2/
11.2
11.1
11.0
10.9
10.6
10.6
10.6
10.6
10.5
10.4
10.4
Foreign
and international
7/
Other miscellaneous
investors
8/
70
Treasury Bulletin
TREASURY SURVEY OF CWNERSHIP, AUGUST 31, 1966,
The monthly Treasury Survey of Ovmership covers securities issued by the United States Government and by Federal agencies. The banks and insurance companies included
in the Survey currently account for about 90 percent of all
The similar
such securities held by these institutions.
proportion for corporations and for savings and loan associations is 50 percent, and for State and local governments,
Data were first published for banks and in70 percent.
surance companies in the May 19il Treasury Bulletin, for
Section
I
-
corporations and savings and loan associations in the September I960 Bulletin, and for State and local governments
in the February 1962 Bulletin.
Holdings by commercial banks distributed according to
Federal Reserve member bank classes and nonmember banks are
published for June 30 and December 31. Holdings by corporate pension trust funds are published quarterly, first
appearing in the March 195-^ Bulletin.
Securities Issued or Guaranteed by the United States
Table
1.
-
Summary
of All Securities
Government
.
:
,
,
October 1966
71
TREASURY SURTEY OF WNERSHIP, AUGUST 31, 1966
Section
I -
Table
Securities Issued or Guaranteed by the United States Government
3. - Interest-Bearing Public Marketable Securities by Issues
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Insurance Companies
Issues
Total
amount
outstanding
",923
50i
coraraer-
mutual
savings
banks
cial
banks
295
life
'
?
Treasury bills
Regular weekly and annual
maturing
Sept. 1966-Nov. 1966
1966-Feb. 1967
Dec.
Mar.
1967
April 1967
May
1967
June 1967
July 1967
Aug.
1967
.'
3
471 fire,
casualty
and
marine
State and local
governments
savings
and loan
associations
Ui-P
corporations
191
316
pension
general
and refunds
tirement
U.S. Government investment accounts
and Federal
Reserve banks
:funds
:
32,912
16,016
1,000
1,001
1,001
1,001
995
1,000
2,509
1,43^
2,006
1,003
730
452
Total Treasury bills
57,936
6,481
Certificates of indebtedness:
1966-A
Novl
U-i/lS
Aug.
1967-A
5-lA
1,135
S?71
161
37
353
22^
71
156
XQ2
89
23
16
l,80<i
78''
37
41
57
43
4°
21
286
,860
,355
147
178
109
191
147
217
16
2
11
1
6,412
3,241
226
280
332
218
283
350
Tax anticipation:
1967
April 1967
Mar.
Total Certificates of
indebtedness
226
38
25
26
78
3,108
5,111
11,470
585
100
"4
lt3
61
138
335
342
73
7,006
50
1°9
30
Treasury notes:
~Z?
i
3-5/8
i-lA
4-7/8
3-3/4
4-7/S
5
5-1/4
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
Nov".
Feb.
Feb.
May
Aug.
Aug.
Nov.
Nov.
May
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
1966-E
1967-C
1967-B
1967 -D
1967-E
1967-A
1967-F
1970-A
1971-A
1966-EO
1967 -EA
1967-EO
1968-EA
1968-EO
1969-EA
1969-EO
1970-EA
1970-EO
1971-EA
Total Treasury notes
Treasury bonds
2-1/2%
June
2-1/2
Dec.
2-1/2
June
2-1/2
Dec.
2-1/2
Mar.
2-1/2
Mar.
3-3/8
Nov.
2-1/2
June
2-1/2
Sept
Nov.
3-5/8
2-1/2
Dec.
3-7/8
May
Aug.
3-3/4
3-7/8
Nov.
Feb.
4
,668
,151
,358
,748
117
,929
,135
,675
,267
357
270
457
?12
115
61
159
88
351
822
890
1,150
389
1,U7
416
2,768
1,180
34
55
8
34
42
21
20
22
91
39
33
19
17
6
83
23
185
72
18
46
207
17
69
1
30
104
181
102
1°
119
183
347
72
1
17
102
62
6
6
4
122
15
97
16
1^7
107
163
lU
178
68
218
46
108
107
177
99
1
1
2
1
23
10
1
65
38
1°
69
3
26
67
22
56
113
22
'f>
13
45,902
10,059
549
1,430
1,790
2,546
2,495
2,307
1,396
1,26Q
1,270
1,952
2,019
2,663
2,460
3,747
1,591
3,728
6,257
4,381
4,129
2,806
2,760
2,34A
2,579
3,894
4,356
3,130
3,593
2,243
1,217
701
1,010
1,158
1,106
772
455
446
15
531
315
1,738
39
284
72
108
16
22
34
41
22
39
3°
:
4
4
4
4
3-7/8
4
4
4
4-1/8
4-1/8
4-1/4
3-7/8
4-1/4
3-1/4
Oct.
Feb.
Aug.
Aug.
Nov.
Feb.
Aug.
Aug.
Nov.
Feb.
May
Nov.
May
June
1962-67
1963-68
1964-69
1964-69
1965-70
1966-71
1966
1967-72
1967-72
1967
1967-72
1968
1968
1968
1969
1969
1970
1970
1971
1971
1972
1972
1973
1973
1974
1974
1974
1975-85
1978-83
Footnotes at end of Section II
1,:^7°
361
1,052
549
577
587
1,494
610
955
2,027
1,930
1,345
1,028
943
751
725
1,173
1,746
1,215
1,307
386
83
13°
51
64
^,5
28
Ifi
98
4
165
135
185
a6
110
287
195
93
79
138
56
82
173
177
89
36
132
72
225
63
35
14
35
74
91
24
23
^0
94
37
65
30
7
28
16
84
20
5
35
77
81
43
79
36
62
163
8
61
174
149
100
93
136
112
191
239
133
296
57
12
10
7
45
18
13
82
17
°6
100
78
219
200
35
53
98
32
44
33
i-:s
10>D
37
158
>o
171
33
49
15
IZ
220
1°
42
112
68
147
115
126
38
116
41
22
26
86
23
1
136
117
135
157
177
161
12°
94
16
48
96
1°
4-"
168
150
150
Q
2
28
24
40
45
26
74
42
24
31
15
10
25
3
28
12
7
17
31
41
23
4
23
8
3
42
10
60
14
20
32
47
61
58
49
60
84
174
357
Treasury Bulletin
72
TREASURY SURVEY OF CVNERSHIP, AUGUST 31, 1966,
Section
Table
3.
I
-
- Securities Issued
or Guaranteed by the United States Government
Interest-Bearing Public Marketable Securities by Issues - (Continued)
October 1966
73
TREASURY SURVEY OF CVNERSHIP, AUGUST 31, 1966.
Section
II
-
Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
(Par Values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstanding
Stste and local
governments
Insurance companies
5,923
commercial
banks
2/ 1/
5^4
mutual
savings
banks
2/
295
life
^71 fire,
casualty,
and
marine
488
savings
and loan
associations
Ab9
corpo-
funds
Banks for cooperatives:
1966 (Debentures)
Oct.
5.3OS6
1966 (Debentures)
Nov.
5-1/4
1966 (Debentures)
Deo.
5.40
(Debentures).
Feb.
1967
5.90
Total.
Federal home loan banks:
Sept. 1966 TNotes)
4.60%
Oct.
1966 (Notes).
5.15
Nov.
1966 (Notes)
5.30
Nov.
1966 (Bonds),
4-1/4
Jan.
1967 (Notes).
5.65
(Bonds)
4-1/2
Jan.
1967
Feb.
1967 (Notes)
5.40
(Notes).
Mar.
1967
5.40
(Notes).
Apr.
1967
5.55
June 1967 (Bonds)
5-3/4
July 1967 (Bonds)
5-3/4
1967
(Bonds).
Aug.
5-7/8
(Bonds).
Sept. 1967
4-1/4
(Bonds).
Jan.
1968
5-3/4
Mar.
1968 (Bonds)
4-3/8
(Bonds)
Mar.
1969
5-3/8
Total.
Federal intermediate credit banks;
(Debentures)
Federal land banks:
Sept.
4.55*
4-3/8
5.60
4-1/4
4-1/8
4
4-3/4
5-3/4
4-1/8
4-1/2
5-1/8
4-1/4
5-1/4
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
4-3/8
5
5-3/8
5-1/8
Total
U.S. Govern-
ment investpension ment accounts
and re- and Federal
tirement Reserve banks
191
316
general
funds
74
Treasury Bulletin
TREASURY SUWEY OF OWNERSHIP, AUGUST 31, 1966,
Section
II
-
Interest-Bearing Securities Issued by Federal Agencies But
- (Continued)
Not Guaranteed by the United States Government
October 1966
75
MARKET QUOTATIONS ON TREASURY SECURITIES, SEPTEMBER 30, 1966,
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.
Table
1. -
The securities listed include all regularly quoted public
marketable securities issued by the United States Treasury. Securities issued by Federal agencies and guaranteed
by the United States Government are excluded.
Treasury Bills
Treasury Bulletin
76
MARKET QUOTATIONS ON TREASURY SECURITIES, SEPTEMBER 30, 1966.
Table
4.
-
Treasury Bonds
(Price decimals are 32nds)
Price range since first traded 1/
Amount
outstanding
Description
(millions)
$1,265
l,i3T
2,019
2,i60
3-3/8*
2-1/2
3-5/8
3-7/8
99 ?3
11/15/66
6/15/62-67
11/15/67
5/15/68
.
08.06
98.10
97.13
To first
call or
Change
from
last
month
maturity
2/
Issue
date
High
Price
Date
+ .07
+ .08
+ .17
+ .20
5
78^
5.18
5.20
5.58
.05%
.03
.36
.31
3/15/61
5/5/42
3/15/61
6/23/60
100.06
138.12
100.26
102.04
5/15/61
4/6/46
12/24/62
5/12/61
97.10
84.22
97.16
96.08
12/12/61
9/15/59
8/29/66
8/29/66
.44
.43
.12
.32
4/18/62
9/15/63
12/1/42
8/15/62
101.06
99.19
108.03
102.08
12/26/62
11/12/64
4/6/46
12/24/62
95.17
95.09
82.08
94.30
8/29/66
8/29/66
1/6/60
8/29/66
.
96.27
96.26
94.04
96.22
+ .29
+.31
4
8/15/68
11/15/68
12/15/63-68
2/15/69
+.26
5.55
5.49
5.37
5.51
2-1/2
4
2-1/2
4
6/15/64-69
10/1/69
12/15/64-69
2/15/70
92.24
95.23
91.24
95.11
+ .27
+ .27
+ .30
+1.09
5.42
5.58
5.34
5.54
.26
.26
.26
.39
4/15/43
10/1/57
9/15/43
1/15/65
107.25
110.14
107.24
99.19
4/6/46
4/21/58
4/6/46
1/22/65
81.10
93.29
81.04
93.08
1/6/60
8/29/66
1/6/60
8/29/66
2-1/2
91.11
95.01
90.00
94.20
+1.01
+1.25
2/1/2
4
3/15/65-70
8/15/70
3/15/66-71
8/15/71
5.28
5.44
5.04
5.27
.28
.50
.17
.40
2/1/44
6/20/63
12/1/44
3/1/62
107.23
100.14
107.22
101.27
4/6/46
8/2/63
4/6/46
12/26/62
80.10
92.18
79.28
91.30
1/6/60
8/29/66
1/6/60
8/29/66
11/15/71
2/15/72
6/15/67-72
8/15/72
93.26
94.10
87.26
94.00
+1.28
+2.02
+.30
+2.02
5.27
5.23
1,267
2,579
3-7/8
4
2-1/2
4
.42
.44
.17
.41
5/15/62
11/15/62
6/1/45
9/15/62
100.28
101.20
106.16
101.20
12/26/62
12/26/62
4/6/46
12/26/62
90.25
91.02
79.12
90.24
8/29/66
8/29/66
1/6/60
8/29/66
1,952
2,658
3,89i
i,356
2-1/2
2-1/2
4
4-1/8
9/15/67-72
12/15/67-72
8/15/73
11/15/73
87.12
87.02
93.04
93.26
+1.04
+1.05
+2.05
+2.10
4.98
4.95
5.20
.20
.20
.39
.39
10/20/a
11/15/45
9/15/63
7/22/64
109.18
106.16
99.06
100.01
4/6/46
4/6/46
11/12/64
11/12/64
78.24
79.06
89.24
90.09
1/6/60
1/6/60
8/29/66
8/29/66
3,130
3,593
2,2i2
1,217
4-1/8
4-1/4
3-7/8
4-1/4
2/15/74
5/15/74
11/15/74
5/15/75-85
93.24
94.24
91.30
92.02
+2.10
+2.10
+2.20
+2.14
5.16
5.09
5.10
/.91
.38
.38
.41
.21
1/15/65
5/15/64
12/2/57
4/5/60
99.18
101.07
110.24
105.28
1/22/65
11/12/64
4/22/58
5/5/61
90.08
91.06
88.06
88.30
8/29/66
8/29/66
8/29/66
8/29/66
4
3-1/2
2/15/80
11/15/80
6/15/78-83
5/15/85
2/15/90
2/
2/
2/
2/
2/
90.20
85.10
82.02
81.20
82.12
+2.00
+1.06
+1.08
4.97
4.96
4.83
4.75
4.76
.22
.03
.10
.10
.10
1/23/59
10/3/60
5/1/53
6/3/58
2/14/58
103.18
97.24
111.28
101.04
106.26
5/12/61
5/12/61
8/4/54
6/11/58
4/21/58
87.30
84.06
80.06
79.22
79.22
8/29/66
8/29/66
8/29/66
8/29/66
8/29/66
8/15/87-92
2/15/88-93
5/15/89-94
2/15/95
11/15/98
2/
2/
91.22
88.20
89.20
81.00
81.12
+2.18
+1.10
+2.00
+1.08
+1.09
4.82
4.76
4.81
4.15
4.62
.18
.10
.14
.08
.09
8/15/62
1/17/63
4/18/63
2/15/55
10/3/60
104.10
100.11
100.26
101.12
95.14
12/26/62
1/16/63
8/28/63
6/8/55
5/12/61
88.04
87.08
87.14
78.18
78.26
8/29/66
8/29/66
8/29/66
8/29/66
8/29/66
3,7i7
1,591
1,790
3,728
3-3/4
3-7/8
2-1/2
2,5A6
6,256
2,A95
i,381
2,297
i,129
1,396
2,806
2,760
2,3U
2,606
1,911
1,578
1,12-1
4,895
3,818
250
1,560
2, 0^5
4,399
1/
Bid
Change
from
last
month
4
3-1/4
3-1/4
3-1/2
4-1/4
4
4-1/8
3
3-1/2
2/
2/
2/
+ .15
+ .26
+1.24
+ .10
+1.02
Beginning April 1953, prices are closing bid quotations in the overthe-counter market. Prices for prior dates are the mean of closing
bid and ask quotations.
"When issued" prices are included in the
history beginning October 1941. Dates of highs and lows in case of
recurrence are the latest dates.
4.98
5.20
5.18
2/
2/
On callable issues market convention treats the yield to earliest
call date as more significant when an issue is selling above par, and
to maturity when it is selling at par or below.
Included in the average yield of long-term taxable Treasury bonds as
shown under "Average Yields of Long-Term Bonds."
October 1966
77
MARKET QUOTATIONS ON TREASURY SECURITIES,
SEPTEMBER 30, 1966.
6
s
.
,
s
s
s
s
,
.
Treasury Bulletin
78
.AVERAGE YIELDS OF LONG-TEEM BONDS.
Table
Average Yields of Treasury and Corporate Bonds by Periods
1. -
^Percent per annum)
Treasury
bonds 1/
Moody s Aaa
corporate
bonds
•
Moody' s Aaa
corporate
bonds
Treasury
bonds 1/
Moody' s Aa
corporate
bonds
Treasury
bonds 1/
Annual series - calendar year averages of monthly serie
1942
1943
1944
1945
2.46
2.47
48
37
1946,
19
25
1947
1948
U
1949,
2.31
Monthly series
Moody
Aaa
corporate
bonds
Moody'
Aaa
corporate
bonds
'
Treasury
bonds 1/
Period
Treasury
bonds 1/
1955
1957
January
February
March.
April. .
May
June
2.78
2.78 2/
2.82
2.81
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
y
3.77
3.67
3.66
3.67
3.74
3.91
July
August. .
September
October.
November.
December.
2.91
2.95
2.92
2.87
2.89
2.91
3.06
3.11
3.13
3.10
3.10
3.15
3.60
3.63
3.66 2/
3.73
3.57 2/
3.30 2/
3.90
4.10
4.12
4.10
4.08
3.81
2/
.
.
.
.
1956
y
2.62
2.86
2.96
3.20
2.90
3.06
3.36
3.89
2.32
2.57
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
2.83
2.73
2.72
2.62
2.53
2.61
2.82
2.66
-
1958.
1959.
1960.
1961.
1962.
1963.
1964.
1965.
4.38
4.41
4.35
4.33
4.26
4.40
4.49
averages of daily series
Treasury
bonds 1/
Moody'
Aaa
corporate
bonds
1959
3.91 2/
3.92
3.92
4.01
Treasury
bonds 1/
Moody'
Aaa
corporate
bonds
Moody'
Aaa
corporate
bonds
Treasury
bonds 1/
1961
1965
4.08
4.09
3.89
3.81
3.78
3.80
3.73
3.88
4.32
4.27
4.22
4.25
4.27
4.33
3.89 2/
3.92
3.93
3.97 2/
3.97
4.00
4.21
4.19
4.19
4.21
4.22
4.23
4.11
4.10
4.26
4.11 3/
4.12
4.27
4.47
4.43
4.52
4.57
4.56
4.58
3.90
4.00
4.02
3.98
3.98
4.06
4.41
4.45
4.45
4.42
4.39
4.42
4.01
3.99
4.04
4.07
4.11
4.26
4.29
4.31
4.32
4.33
4.35
1960
4.U
1962
Moody's
Aaa
corporate
bonds
Treasury
bonds 1/
1963
4.12
4.14
4.13
4.23
4.37
4.46
1958
3.79
3.43
4.08
4.02
3.90
3.95
4.00
4.15
4.21
4.14
4.16
4.15
4.15
4.14
4.14
y
4.48
4.49
4.52
4.56
4.60
4.68
1966
1964
January
February
March.
April.
May
June
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
3.24 2/
3.28
3.25
3.12
3.14
3.20 2/
3.60
3.59
3.63
3.60
3.57
3.57
4.37
4.22
4.08
4.18 2/
4.16
3.98
4.61
4.56
4.49
4.45
4.46
4.45
4.08
4.09
4.01
3.89
3.88
3.90
4.42
4.42
4.39
4.33
4.28
4.28
4.15
4.14
4.18
4.20
4.16
4.13
4.37
4.36
4.38
4.40
4.41
4.41
4.43
4.61
4.63
4.55
4.57
4.63
4.74
4.78
4.92
4.96
4.98
July
August..
September
October.
November.
December,
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
3.67
3.85
3.86
3.79
3.84 2/
3.91
4.41
4.02 ~
2/
3.98
3.94
3.89
3.87
3.87
4.34
4.35
4.32
4.28
4.25
4.24
4.13
4.40
4.41
4.42
4.42
4.43
4.44
4.75
4.80
4.79
5.16
5.31
5.49
.
. .
. .
Treasury
bonds 1/
Period
Moody 3 Aaa
corporate
bonds
.4.09
4.11
4.09
4.08
3.93
3.88
'
4.28
4.25
4.30
4.31
4.15
Treasury
bonds l/
Period
4.14
4.16
4.16
4.12
4.14
Moody's Aaa
corporate
bonds
y
Treasury
bonds 1/
Period
5.07
Moody's Aaa
corporate
bonds
Weekly series - averages of daily series for weeks ending
1966-April
4.54
4.52
4.55
4.57
4.58
4.99
4.98
4.95
4.95
4.95
1966-June
4.94
4.95
5.01
5.02
July
27,
4.59
4.54
4.55
4.60
1
4.83
2
4.80
5.47
5.48
1
8,
15,
22
29,
May
6,
13,
20,
3...
10...
17...
24...
4.62
4.63
4.63
4.59
5.04
5.06
5.06
5.07
1...
8...
15...
22...
29...
4.69
4.72
4.78
4.75
4.72
5.10
5.12
5.U
5.17
5.22
1966-August
4.73
4.73
4.81
4.87
5.24
5.25
5.31
5.37
4.87
4.76
4.79
4.82
4.76
5.U
23.
4.79
4.80
5.48
5.48
26.
27.
28.
29.
30.
4.80
4.78
4.76
4.72
4.74
5.47
5.48
5.47
5.46
5.45
12.
19.
26.
September 2.
9..
16..
23..
30..
5.52
5.51
5.49
5.47
Daily series unweighted averages
1966-September
5,
6,
7,
8,
9,
4.78
4.77
4.76
4.75
,50
iq66-September 12..
13..
14..
15..
16..
4.76
4.76
4.79
4.82
4.82
5.52
5.51
5.51
5.50
5.50
19..
20..
21..
4.86
4.85
4.82
5.50
5.49
5.49
.52
5.53
5.52
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 on 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
2/
2/
1966-September 22.
normal tax and surtax which are neither due nor callable before a
given number of years as follows: April 1953 to date, 10 years;
April 1952 - March 1953, 12 years; October 19^1 - March 1^52, 15 years.
For bonds currently in the series, see Table k linder "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 l)
Market closed.
October 1966
79
AVERAGE YIELDS OF LONG-TERM BONDS
(J)
Treasury Bulletin
80
.EXCHANGE STABILIZATION FUHD.
Table
1.-
Balance Sheets as of June
30, 1965,
and June
June 30, 1965
Assets
:
Cash:
Treasiorer of the United States, checking account
Federal Reserve Bank of New York, special account
Imprest fund
Total cash
Special account of Secretary of the Treasury with
Federal Reserve Bank of New York - Gold
Foreign exchange due from foreign banks: 1/
Oesterreichische National bank
Banque Nationale de Belgique
Banque Nationale de Belgique (l.M.F.)
Banco do Brasil
Bank of Canada
Bank of Canada (l.M.F.)
Banco Central de Chile
Banco de la Republica, Colombia
Deutsche Bujidesbank
Deutsche Bundesbank (l.M.F.)
Banco Central de la Republic Dominicana
Bank of England
Banca d Italia
Banca d'ltalia (l.M.F.)
De Nederlandsche Bank
Sveriges Riksbank
Banque Nationale Suisse
Bank for International Settlements
'
Investments in:
U. S. Government securities
Foreign securities
Accrued interest receivable
Accrued interest receivable - foreign agreements
Interest Purchased
Accounts receivable
Deferred charges
Office equipment and fixtures
Less allowance for depreciation
Land and structures
Total assets
Liabilities and capital
:
2/
Accounts payable:
Vouchers payable
Employees' payroll allotment account, U. S. savings bonds
Miscellaneous
Total accounts payable
Special deposit accounts
Advance from U. S. Treasury (U. S. drawings on l.M.F.)
Capital account
Deduct subscription to International Monetary Fund
Net income
(
see Table 3 )
Total liabilities and capital
$1,125,668.72
30,
1966p
June 30, 1966p
October 1966
81
.EXCHANGE STABILIZATION FUND.
Table
2.
-
Current United States Stabilization Agreements, June
30, 1966
Date of agreements
Country
Original
(Effective)
Renewal
Original
agreement
Expiration
Advances by
the United States
Repayments to
the United States
(In mllliont;)
May
Brazil
Chile
Hay
16, 1961
[Mar. 13, 196i
|_Feb.
4, 1965
15, 1963
$70
I,'
Feb.
A, 1965 2/
Jan. 30, 1966 1/
15
16.1
Mar. 31, 1967
12.5
Colombia
Apr.
Dominican Republic.
Aug. 10, 1964
Aug. 10,
1965 1/
Mexico
Jan.
Dec. 31,
1967
75
Venezuela
Mar. 18, 196r.
Mar. 17, 1968
50
1/
1,
1,
1966
1966
6.3
*130
121.8
12
16.1
10.0
5.8
6.3
3.2
No futher drawings permitted after expiration.
Table
Classification
3.
-
Income and Expense
January 31, 1934 through
June 30, 1965
January 31, 193<+ through
June 30, 1966p
Income
Profits on transactions in:
Gold and exchange (including profits from
handling charges on gold)
Sale of silver to U. S. Treasury
$138,704,308.37
$145,374,968.26
3,473,362.29
3,473,362.29
102,735.27
102,735.27
2,638,546.28
2,638,546.28
132,850.91
139,895.27
Investments
51,356,155.59
73,021,845.76
Foreign balances
20,729,921.54
24,874,208.45
Silver
Investments
Miscellaneous
Interest on
217,137,
3.25
254,625,561.58
31,590,356.23
34,926,740.39
Travel
1,973,064.47
2,150,080.65
Transportation of things
2,308,880.07
2,450,283.57
Rent, communications, and utilities
942,213.09
1,029,166.08
Supplies and materials
266,157.50
299,454.33
Total income
Expense
Personnel compensation and benefits
Other
Total expense
Net income"
p
Preliminary.
4,354,497.37
6,009,799.58
41,435,168.73
46,865,524.60
175,702,711.52
207,760,036.98
82
October 1966
Treasury Bulletin
84
.INTERNATIONAL FINANCIAL STATISTICS.
Table
4.
-
Estimated Gold Reserves and Dollar Holdings of Foreign Countries
and International Institutions 1/
{Position at end of period in millions of dollars)
1965
19oi
December
Area and country
Gold and
shortterm
dollars
September
U.S. Gov-
ernment
bonds
and notes
Gold and
shortterm
do] lars
U.S. Gov-
ernment
bonds
and notes
Western Europe:
Austria
Belgivun
Denmark
Finland
France
Germany, Fed. Republic of.
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other 2/
Total Western Europe.
Canada
Latin American Republics:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama, Republic of
Peru
Uruguay
Venezuela
Other
,887
020
508
414
49
1,983
368
139
5,646
5,918
231
3,824
2,034
263
795
1,011
921
4,088
145
4,715
341
32,733
714
33,357
765
4, '110
690
^492
727
14
212
,392
,258
248
,729
,055
215
780
010
833
095
1
7
1
1
5
98
40
79
UO
362
350
219
267
14
1
7
1
1
5
68
2
24
87
502
50
402
240
190
1.'-
11
goi
og
273
282
1,135
478
852
124
330
295
,097
538
,381
4,457
Indonesia
Japan
Philippines
Thailand
Other
306
73
3,071
256
562
2,059
353
58
43
Total Asia.
6,327
49
621
163
283
16
161
373
16
1,067
16
958
16
i02
382
26
433
425
Total Latin American Republics..
Asia;
India
Africa:
South Africa
United Arab Republic (Egypt)...
Other Africa
Total Africa
Other countries;
Australia
Other
y
3,170
281
592
2,234
53
424
Total other countries
784
26
858
Total foreign countries
49,302
1,501
49,810
7,161
904
International and regional 4/.
Grand total
56,463
43
56,499
Gold and
shortterm
dollars
•
October 1966
85
j:nternational financial stati^ics.
Table
5.
-
Liabilities to Foreign Official Institutions
and International and Regional Organizations
(In millions of dollars)
1963
1964
Are
Dec.
7,S67
Western Europe 2/
Canada
Latin American Republics
Asia
Africa
Other countries 2/
Total foreign countries
International and regional 4/
Grand total
^
^
•
1/
Treasury Bulletin
86
\
CAPITAL MOViMENTS
Backgroiind
Data relating to capital movements between the United
"Short-term" refers to obligations payable on demand
States and foreign countries have been collected since 1935,
or having an original maturity of one year or less, without
pursuant to Executive Order 6560 of January 15,
tive Order 10033 of February
promulgated thereunder.
8,
1934-,
Execu-
1949, and Treasury regulations
Information on the principal types of
data and the principal countries is published monthly in the
deduction of any offsets
.
"Long-term" refers to obligations
having an original maturity of more than one year, and includes securities having no contractual maturity.
Exclusions
Reports by banks, bankers, securities
The data published herein do not cover all types of
brokers and dealers, and nonbanking business concerns in the
capital movements between the United States and foreign
United States are nade initially to the Federal Reserve Banks,
countries.
"Treasury Bulletin."
The data reported to and published
try
the Treasury
These
Department exclude entirely the intercompany capital trans-
statistics are consolidated by the Treasury and published as
actions of business enterprises in the United States with
promptly as possible.
their own branches and subsidiaries abroad or with their for-
which forward consolidated figures to the Treasury.
The reporting forms and instructions used in the collec-
tion of the statistics have been revised a number of times.
The most recent general revision became effective with reports
covering data as of May 31, 1963.1/
A detailed description
of the content of the statistics, including the changes insti-
tuted in 1963, appeared in the July 1963 issue of the "Treasury
Bulletin," pages 79-81.
As a result of changes in presentation
introduced in that issue, not all breakdowns previously
published will be exactly comparable to those now presented.
Basic definitions
The term "foreigner" as used in the Treasury reports
eign parent companies; such transactions are reported by
business firms to the Department of Commerce.
capital transactions of the United States Government and on
shipments and receipts of United States currency are also
excluded from the Treasury reports
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
of Commerce in its regular reports on the United States
balance of payments.
The liabilities data exclude nonnegotiable, noninterest-
covers all institutions and individuals domiciled outside
the United States, including United States citizens domiciled
Data on the
bearing special notes of the United States held by the Inter-
abroad and the foreign subsidiaries and offices of United
American Development Bank and the International Development
States banks and business concerns; the central governments,
Association.
The data on securities transactions and on foreign
central banks, and other official institutions of foreign
coiintries, wherever located; and international and regional
organizations, wherever located.
In general, data are reported opposite the foreign
country or geographical area in which the foreigner is domiciled.
Data pertaining to branches or agencies of foreign
official institutions are reported opposite the country to
which the official institution belongs. Data pertaining to
international and regional organizations are reported opposite
holdings of U.S. Government bonds and notes excluie non-
marketable U.S. Treasury notes, foreign series, and
nons-
marketable U.S. Treasury bonds, foreign currency series
(see "International Financial Statistics" section. Table
2).
Presentation of statistics
Data collected monthly on the Treasury Foreign Exchange
Forms are published in three sections.
Section
I
provides a
the classification "International," "European regional," or
summary of the principal data hy period; Section II presents
"Latin American regional," as appropriate, except for the
data by country and by period; and Section III shows detailed
Bank for International Settlements and the European Fund,
breakdovms of the latest available preliminary data.
which are included in the classification "Other Western
Europe
."
Section IV presents supplementary data which are reported
less frequently than monthly but which are published monthly.
1/ Copies of the reporting forma and Instructions may be obtained from the Office of Balance of Payments Hrograma, Operations and Statistics, Office of
the Assistant Secretary for International Affairs, Treasury Department, Washington, D. C. 20230 or from Federal Reserve Banks.
.
.
.
October 1966
87
CAPITAL MOVIMENTS
Section I - Summary by Periods
Table l.-Net Movements of Banking Funds and Transactions in Long-Term
Securities with Foreigners
y
(In .dlllons of dollars; negative figures indicate a net
outflow of capital from the United States)
Analysis of net movement
Changes in liabilities to foreigners
Calendar year
or month
Net
movement
Total
1946.
1947.
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
I960.
1961.
-767.6
261.8
280.9
164.5
1,576.3
-387.7
1,225.2
1,278.1
1962 y...
1963
1964 1/...
1965 6/...
1966 Jan.
Aug. p 7/
521.9
945.0
416.4
-940.5
-903.6
3,338.5
479.8
-404.8
-418.4
616.2
601.5
-100.0
1,026.8
657.4
1,243.9
1,102.4
1,270.2
682.1
1,338.4
219.1
1,000.8
3,229.6
1,882.9
305.4
-836.9 Jj
-532.2 1/
-994.1
2,U8.6 7/
1,822.9
1,888.4
2,631.9 1/
-134.8
2,565.6 7/
567.4
263.2
254.2
-255.8
-137.3
1966-January 8/
February 7/
March
April
May
June
July p
August p
291.6
-2^6.4 7/
35.3
272. 8r
338.1
169.2
934.6
653.4
.
1/
2/
^
4/
^
6/
.
.
.
Short-term
banking
funds
-752.1
550.3
405.7
-25.1
1,971.5
73.3
1,560.0
1,090.5
1,420.3
1,367.4
1,493.2
369.6
989.8
4,353.2
2,268.0
1,909.2
1965-August
September.
October.
November.
December.
Changes in claims on foreigners
Transactions
586.9
357.2
236.2
-98.2
-13.8
233.0
-243.5 7/
232.5
355. 8r
407.3
187.5
869.4
523.6
Long-term
banking
funds
0.5
3.2
U.S. Gov't
bonds
and
notes 2/
-5.2
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
2,486.0
948.5
2,906.2
198.4
2,145.9 2/
5.1
62.1
236.2
203.6
562.1
-728.0
670.9
-337.7
-75.8
-566.5
678.0
371.9
321.6
-62.5
-99.3
0.9
7.1
-35.2
47.5
47.3
8.3
5.9
205.5
-123.3 7/
91. 9r
251. 7r
208; 9
-77.7
1,076.1
512.8
1-4
-4.4
57.9
157.3
117.6
163.2
59.5
0.6
-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
1,178.-^
^
For an explanation of statistical presentation and exclusions, see
headnote on page 8b.
Through 1949, transactions in U.S. Government bonds and notes include
transactions in domestic corporate bonds.
Data below the line include changes in liabilities and claims reported
by a number of banks included in the series beginning December 31, 1961.
Change 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 claims reported by banks for the first time as of December 31,
1963; as of that date such claims amounted to $193.2 million, representing in part claims previously held by banks but not reported.
Change in short-term liabilities includes a net increase of $50.8
million as of December 31, 1964, arising from changes in reporting
coverage.
Data below the line on changes in claims reflect the exclusion from
-64.5
-150.6
-1U.3
-21.2
2.3
98.7
12.7
70.5
141.1
156.2
291.3
193.9
-39.0
435.5
251.8
223.5
59.8
206.9
-172.8
-461.0
424.1
Long-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
-315.5
-240.7
-69.8
190.8
-76.2
-70.5
-80.3
144.2
-482.0
-162.0
-397.2
-253.7
-342.6
-82.0
-990.2
-1,148.2
34.9
-86.8
39.8
-29.0
-173.6
-13.5
-36.6
115.6
-116.0
-230.0
-168.5
-334.3
-188.3
-183.0
-153.3
-335.4
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
-1,517.5
-2,725.3 i/
-3,164.1
-859.3
-117.0
-343.0
-811.6
-1,494.4
325.4 6/
319.5
-126.6
-869.5 4/
-541.6
-232.2 §/
151.8
-1,0^7.9
Total
-100.3
-27.7
-6.2
-27.3
36.6
-8.8
-117.8
-54.5
-65.5
34.9
2.0
137. 2r
12.3
-•^9.8
140.6
95.7
-20.4
21.8
6.3
-245.8
-20.6
S/
Short-term
banking
Other
domestic
securities
2/
-44.0
-55.9
1.6
7/
in:
-1,0U.2
-728.1
-952.5
-588.3
-19.5
-94.0
18.0
-157.6
-123.5
28.0
43.2
106.7
-°4.4
-145.9
-24.9
-28.8
11.9
7.3
50.3
-22.6
-108.4
-100.6
-70.5
58.6 8/
-2.9
-197.2
-83.0
-69.2
-18.3
65.2
129.8
176.4
85.4
-118.3
115.9
-86.3
-89.5
73.3
22.5
31.0
-27.4
-13.6
42.0
0.9
23.1
-101.1
-110.3
-109.9
-171.5
30.7
29.2
-83.2
13.3
U7.5
88.4
-27. Q
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 reported as of December 31, 1964, and from revisions of preliminary
figures.
Change in short-term liabilities excludes $776.3 million representing
letter of credit issued by the U.S. Treasury Department to the International Monetary Fund in payment of the dollar portion of the U.S.
quota increase which became effective on February 23, 1966.
Data below the line on changes in short-term claims reflect the addition to the series of short-term claims held in custody for domestic
customers but reported by banks for the first time beginning December 31,
1965, and short-terra claims reported by banks reporting for the first
time.
p
Transactions
in foreign
securities
Preliminary.
r
Revised.
9
7
.,
.
J
Treasury Bulletin
88
CAPITAL MOVEMENTS.
Section
Table
2.
-
Banking
I
-
Summary by
Liabilities to
Periods
and Claims on Foreigners
1/
(Position at end of period in millions of dollars)
Short-term claims on foreigners
Short-term liabilities to foreigners
Payable in dollars
Total
shortterm
liabilities
End of
calendar year
or month
Foreign countries
Official
institutions
Foreign
banks
Other
foreigners
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
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
28,873.4 8/13,220.3
1965 la^.-.
29,071.8
1965-August
September
October
November.
.
28,540.1
28,912.0
. .
19i5
19i6
19^7
1948
19i9
1950
1951
1952
1953
1954
1955
1956
1957
19'i8
1959
I960
1961
1961
y...
1962
1963
1964
8/2/
December
.
1
1/
1966-January
February 12,'
March 12/...
April 12/
May 12/7
June 12/
July p 12/..
August p.
.
1/
V
6/
2/
8/
.
6,883.1
6,480.3
7,116.4
7,713.0
7,618.0
8,644.8
9,302.2
10,546.1
11,648.4
12,918.6
13,600.7
14,939.1
15,158.3
16,159.1
19,388.7
21,271.6
22,450.3
22,532.6
25,018.6
4,179.0
3,043.7
1,831.9
2,836.3
2,907.7
3,615.5
3,547.6
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4 4/
7,916.6 4/
8,664.9
9,154.3
10,212.3
10,893 .2
10,893.3
11,915.3
25, 91-.':.
2, 4%.
2/
Payable
International
and
regional
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
In
foreign
currencies
Total
longterm
Payable in dollars
liabilities
25.5
40.6
49.7
70.4
51.0
4.6
U.9
1.0
•i
1
.4
1.0
.7
72.2
61.4
1
.J
2.
43.7
43.2
40.3
48.8
1.2
9.9
1,544.0
3,158.1
4,011.8
3.751.7
3,751.7
5,144.5
4,637.1
59.0
59.4
77.2
113.1
150.4
150.4 _,
143.4 6/
134.1 6/
7.3
69.4
7,213.4 %J
3,376.3^/4,973.5
89.9 8/
310.2
13,065.9
7,359.7
3,587.2
4,999.6
59.3
513.8
29,233.6
29,171.1
12,058.9
12,326.2
12,403.2
12,578.9
7,824.8
7,840.1
8,087.7
7,817.4
3,484.8
3,503.0
3,545.8
3,591.6
5,058.3
5,125.0
5,096.1
5,084.6
113.3
117.7
100.8
98.5
447.2
454.3
419.0
466.5
29,071.8
13,065.9
7,359.7
3,587.2
4,999.6
59.3
513.8
7,674.3
7,741.0
7,759.1
7,872.6
7,932.5
8,050.6
3,592.0
3,657.8
3,675.8
3,712.2
3,703.9
3,743.0
5,095.3
515.2
365.5
5,209.712/387.9
510.8
5,292.212/381.4 bj 568.7
726.0
5,296.612/405.9
5,195.512/436.7
843.6
5,081.412/455.5 bj 1,006.8
8,680.9
9,126.0
3,719.8
3,658.2
5,190.512/485.4
1,066.3
5,438.012/555.7 6/ 1,075.9
29,277,
29,153,
29,245,
29,497,
29,706,
29,628.
1
12,550.1
912/12, l':6.
8rl2/L2,137.3r
6rl2A2,210.2r
4rl2/12,437.8r
712/12,298.2
2
30,704. 812/12,628.1
31,217. 61^12,439.7
For exclusions see headnote on page 86.
Included with "Other foreigners."
Included with "Other claims."
Beginning in August 1956 and also in April 1957, certain accounts
previously classified as "Foreign banks" are included with "Official
institutions."
Differs from 1961 end of year data on the preceding line by inclusion
of liabilities and claims reported by a number of banks included in
the series beginning December 31j 1961.
Includes reported liabilities to foreign official institutions beginning October 1961. Figures for selected dates are as follows:
end 1961, $46.3 million; end 1962, $47.9 million; end 1963, $30.1
million; end March 1966, $317.2 million; end June 1966, $367.2 million;
end August 1966, $467.7 million.
Includes claims previously held but first reported as of May 31, 1963;
Also includes
ss of that date such claims amounted to $85.6 million.
claims amounting to $193.2 million reported by banks for the first
time as of December 31, 1963, representing in part claims previously
held by banks but not reported.
Short-term liabilities include a net increase of $50.8 million arising
from changes in reporting coverage, distributed as follows: "Official
I.b
7.5
12/
11/
12/
1,048,
904,
1,386,
1,548,
1,945,
2,199,
2,542,
2,624,
3,614,
4,820,
5,163,
^,'-^74.
Payable
Loans to:
Official
institutions
392,
708.
948,
1,018,
827,
898,
968,
4.762
^
2/
Total
shortterm
claims
2/
2/
i^
2/
73.4
86.1
87.9
85.2
243.0
160.9
176.
241,
400.
350.
290.
328.
328.5
358.9
1
Sr,
.
Foreign
banks
in
Other
foreigners
100,
319,
292,
361,
222.
151.
177,
122,
156,
206,
328,
405.
385,
439,
497,
524,
699,
709,
952.
104
109
131
109
142
235
330
303
427
460
482
617
622.
641.
773.
1,3'"3.6 1,054.
Other
claims
foreign
currencies
245,
290,
490,
557,
47.5
494,
328,
503,
627,
451,
584,
660,
883,
1,121,
1,076,
1,098,
1,837,
2,531
2,573,
2,652,
3,429.
4,158,
4,55°.
4.190.
4,267,
Total
longterm
claims
91.8
175.6
140.7
227.5
187.7
216.7
390.
403.
78
UO.
98.1
165.4
100.4
110.8
240.6
101
211
163
149
147.3
197.7
217.2
479.6
585.6
586.3
557.1
630.8
659.0
T2475
324.
440.
670.
839.
1,173.8
1,362.1
1,545.1
1,698.4
2,033.8
2,033.8
2,160.4
3,029.8 2/
3,971.4
4,284.7 2/
7,957. 2 2/220.8
271.2
7,631.
7,727 610/271.2
233.5
7,541
239.2
7,498,
264.8
7,391
7,485,
251.3
271.2
7,631
1,567,
1,129
1,128.
1,458,
1,467, 6 1,106.
1,440, 1 1,101.
1,100,
1,535,
1,130,
1.563,
7,727.611/271.2
1,567.1 1,129.4
4.267.8
474.0
491.9
509.3
532.8
496.2
502.8
474.0
491.9
7,551.2
7,465.7
7,584.0
7,468.1
7,554.5
7,643.9
257.0
223.6
231.0
220.5
223.9
247.7
1,497.9
1,496.9
1,507.8
1,425.2
1,519.9
1,583.8
1,107.2
1,091.4
1,124.°
1,070.1
1,087.8
1,079.2
4,213.7
4,217.8
4,275.6
4,346.3
4,302.1
4,264.0
475.4
436.0
444.7
406.0
420,7
469.2
4,421.1
4,390.1
4,417.5
4,431.1
4,389.1
7,496.5
7,408.1
215.0
216.5
1,569.9 1,074.3
1,548.0 1,058.2
4,212.1
425.1
439.9
4,388.2
4,365.1
1,402.
1,14''.
1.5tj5.
1.130.
4,211
4,152,
4,089,
4,095,
4.190,
i,U5.5
4,516.9
4,557.7
4,586.5
4,574.6
4,567.3
4,516.9
4,U3.6
institutions" -$4.0 million, "Foreign banks" +$60.3 million,
"Other foreigners" +$22.5 million, and "Payable in foreign currencies"
-$27.9 million.
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-term U.S. Government claims previously included; and because
of the addition of $545.9 million of short-term claims and $313.3
million of long-term claims arising from the inclusion of claims
previously held but first reported as of December 31, 1964, and from
revisions of preliminary figures.
See footnote 11.
Data on claims below the line differ from claims above the line because of the addition of short-term claims held in custody for
domestic customers but reported by banks for the first time beginning
December 31, 1965, and short-term claims reported by banks reporting
for the first time.
Short-term liabilities exclude $776.3 million letter of credit issued
by the U.S. Treasury Department to the International Monetary Fund
in payment of the dollar portion of the 'U.S. quota increase which
became effective on February 23, 1966.
r Revised.
Preliminary.
1
October 1966
89
CAPITAL MOVBffiNTS
Section
Table
I
-
Summary by
Purchases and Sales of Long-Term
3. -
Periods
Domestic Securities by Foreigners
1/
(In millions of dollars; negative figures indicate a net outflou of capital from the United
States)
Government bonds and notes 2/
Corporate and other
Net purchases
Calendar year or month
Purchases
Foreign countries
Interna-
Official
tional
and
regional
Total
684.2
283.3
330
333
294
1,356
414.5
1946
1947
1948
1949
1950
3U.8
Bonds 2/
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
529.0
-135.0
Other
-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
Purchases
2/
1/
36.3
688.9
126.6
512.2
-728.0
670.9
-337.7
-75.8
-58.7
-19.6
36.0
077.2
728.0
792.7
S12.I
1,018.3
718.3
1,187.6
528.0
1,603.0
1,231.5
2,507.9
1,196.2
1,487.1
1,153.0
95.1
74.5
7.5
87.0
117.9
-19.3
9.6
14.7
68.3
-32.7
70.0
-169.1
273.0
I64.9
224.5
532.2
-521.4
301.8
-315.2
-151.2
562.7
1,129.3
-566.5
-252.6
49.4
-363.3
1965-August
September
October
November
December
100.7
19.7
13.3
240.6
15.3
92.3
-1.9
.1
62.3
2Q6.6
-44.0
-55.9
-11.0
14.2
5.8
-33.1
-4.7
1.4
-4.0
13. "5
8.3
5.9
46.0
30.3
61.6
198.0
1966-January
February
March
April
May
June
July p
August p
18.8
153.8
15.3
13.9
183.7
78.2
16.2
282.4
430.0
236.4
673.6
1951
1952
533.7
646.0
800.9
1953
1954
1, 341.1
1955
1956
1957
1958
1959
1960
883.4
666.1
223.9
216
729
743
779
867
1961
1962
1963
1964
1965
1
149
966- January-August p.
1/
2/
231
13.
fi.
27. (j
271 .7
70.3
79.4
243.;
71.9
262.0
97.8
77.2
-52.1
-8.1
1.6
-3.8
-117.8
-54.5
-65.5
-59.8
6.3
-245.8
-20.6
-4.6
-.1
5.8
-253.1
-.6
For exclusions see headnote on page 86.
Through 1949, includes transactions in corporate bonds.
Table
4.
-
5.6
18.6
-4.2
2.4
-9.1
5.3
.1
-43.1
.2
-9.8
-136.4
-50.3
-67.9
-50.6
-4.8
7.1
.3
23.9
-43.8
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
675.0
y
y
y
108.3
y
y
y
y
-.6
141.6
188.5
197.4
283.6
296.0
251.8
1.6
1.7
5.3
6.1
28 7
35 3
258.9
344.0
296.2
392.3
51
1/
Net
purchases
Purchases
367.6
226.1
369.7
354.1
666.9
739.3
650.2
589.1
1,115.1
1,561.2
1,619.5
432.1
376.7
514.1
375.3
-334.2
-89.1
197.5
-349.1
-499.3
-192.2
75.2
944.4
-584.3
314.9
-11.5
149.3
685.2
156.4
141.8
-2.7
1,124.4
378.4
735.7
-668.2
877.8
-510.5
-536.8
50.1
246.4
234.4
636.7
-99.2
-51.3
9.3
176.3
38.3
2,260.2
2,724.0
3,076.2
3,632.1
978.8
386.1
592.6
3,343.2
3,511.7
-168.5
-142.4
16.6
24.3
35.3
31.0
53.7
67.5
-7.8
10.7
-.7
7.8
130.5
217.9
319.2
404.2
364.5
445.6
310.5
357.7
409.7
399.7
539.5
-92.5
-38.5
-5.6
-35.2
-93.9
-91.9
-21.9
-50.2
-83.3
38.2
41.2
52.2
63.7
34.5
35.5
46.5
22.3
22.4
176. 7r
33.5
150.0
138.8
13.7
35.2
407.6
414.5
442.5
395.1
434.9
12.6
-20.4
-39.4
-21.3
-9.5
-43.0
-115.8
82. 7r
-53.2
80.7
102.0
185.5
185.3
97.7
63.7
416.
359.0
84.0
28.5
3
17 3
72 6
3,06', .3
509.1
530.7
407.0
304.6
327.1
481 .9
530.4
540.2
450.0
338.7
340.5
1.0
55.2
135.0
127.5
256.0
142.6
-56.3
362.9
201.7
322.7
111.1
-34.1
-13.4
26.1
-266.1
1.2
Through 1949, included with transactions in U.S. Government bonds and
*
Less than *50,000.
notes.
p Preliminary.
r Revised.
Foreign Securities by Foreigners
(In millions of dollars; negative figures indicate a net cfutflow of capital from the United States)
Calendar year or month
-64.5
-150.6
-144.3
-21.2
2.9
120.3
domestic
securities
1,306.4
1,397.3
2,224.4
1,976.5
68.1
Purchases and Sales of Long-Term
Net
purchases
664.0
619.5
649.2
533.9
980.2
1,433.7
1,363.5
1,163.S
1,453.6
1,861.5
1,774.8
2,744.6
2,149.1
2,526.5
3,425.3
4,131.4
63.5
74.6
240. 4r
y
Sales
Net
purchases
of
Stocks
Treasury Bulletin
90
CAPITAL MOVMENTS.
Section
Table
1.
II
Short-Term
-
Summary by
Countries
Banking Liabilities to Foreigners!/
,
91
October 1966
_
CAPITAL MOVIMENTS
II - Summary by Countries
Short-Term Banking Claims on Foreigners
Section
Table
2.
-
1/
(Position at end of period in millions of dollars
Europe:
Austria
Belgium,
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Noruay
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom,
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
Total Europe
Canada
r.nt1n America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panan
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
American Republics
Bermuda
Antilles and Surinam
America
.
Total Latin America
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia..
Total Asia
Africa:
Congo Ulnshasa
Morocco
South AfricaUnited Arab Republic (Egypt)
Other Africa
Total Africa
Other countries
Australia
All other
Total other countries
International and regional
Grand total
,
author
s. monetaiy
currencies held by U. b
Excludes convertible foreign
',
[
1/
2/
j^
,,
^ata in preceding column^
^^
^leoone coluM. for 196. differs fro.
as
exclusion
the
because of
and because of
.''^"^^"^^^[^^[^cluded;
inciua
Previous^
clauns
^^^
short-term U.S. Government
mllUcn
December
the addition of $545.9
°l.f°^^-f^,,''ll'^,tZlTtt
r^=^/=P°
but
held
inclusion of claims previously
figures.
revisions of preliminary
31, 1964, and from
f
^
2/
^
in preceding column
f._ 1965 differs from data
rear o? th^ddftlof ff -f-™ -Torlit
antshX-tfrm^^:!- re^rted
Zl^l 3t«%"
time.
for the first
Less than 150,000.
Preliminaiy.
"^^^ Sginni^g
by banks re.rti^g
Treasury Bulletin
92
.CAPITAL MOVEMENTS
Section
Table
3.
-
II
-
Summary by
Countries
Long-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars)
Country
.
October
i%6
93
CAPITAL MOVaHENTS
Summary by Countries
Net Transactions in U. S Government Bonds and Notes by Foreigners
Section
Table
4.
-
,
II
-
.
V
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
Country
1964
1963
1966
through
1965
March
April
AupTgst p
Europe:
Austria
Belgium
Denmark
Finland
1,985
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.
S.
S.
5
588
-2,681
-599
98
-2,050
175
79
-16
1,570
226
126
-540
-33
-926
204
-24
553
504
6
-28
635
38,965
-13
-32,920
-130
12
141
39,405
247
-19
-8,762
-89,365
3,377
-15,719
9,998
17
139,205
2,168
3,700
-90
-85
85,914
508
1,116
-48,866
22
3
-410
-1,155
-422
152
196
-99
-13
-323
-1,180
1,964
85
-3
-3
-2
-704
-',',
-108
4
61
-45
15
3
424
-25
5,120
-10
9
314
206
-223,332
-1,554
2,443
784
635
4
-25
-172
-111
-2
R
Other Eastern Europe
85,846
-218,298
-2,116
2,490
3,034
-14,280
18, 9E
-2,646
-303
-6
185
16
24
-134
32
-6
-3
5
19
-27,;
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics
Bahamas and Bermuda
Netherlands Antilles and Surinam
Other Latin America
.
Total Latin America
-141
64
33
-41
139
266
-65
-335
-647
138
-76
-28
114
197
709
1,130
-186
-7,289
1,606
9
-988
26
339
14
-230
12
20
-21
-76
-41
-4
-5
5
-798
-9,029
693
-141
268
28
544
1,038
-97
-329
-244
-227
735
-1
206
248
8
1
-28
-7
108
-171
-2,056
-1,110
-62
-3,250
-12
267
-29
261
494
227
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa:
Congo (Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt)....
Other Africa
-10
12
-6
11
-5
101
3,984
-118
-15
10
-80
-25
-61
65
25
20
1
1,694
1,785
-2,046
-123
-3
-22
652
1,835
1,992
-177
51
-32
-55
153
1,023
Other countries:
Australia
All other
Total international and regional
Grand total
1/
p
1
4
3
-506
32
-
-502
-Q
-19
-7
2
537
-17
537
77
-16
330,574
148,393
-364,122
-28,783
-307,840
-50
-7,312
-2,722
853
223
301,791
-315,202
-151,115
-363,269
-50,277
670,915
-337,716
-75,842
-'66,532
-54,494
Total other countries
International and regional:
International
European regional
Latin American regional
4
16
6,805
6,958
Total Africa
24
For exclusions see headnote on page 86,
Preliminary.
-50,500
Treasury Bulletin
94
CAPITAL MOVMENTS,
Section
II
-
Summary
by Countries
Table 5. - Net Transactions in Long-Term Domestic Bonds,
Other Than U. S. Government Bonds and Notes, by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
Country-
1964
1963
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
-409
-3
585
2,654
-19
-927
-1,545
3
4, BO^
-110
-^ ^4
-1,128
11,25S
Total Europe
3:-,
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics..
Bahamas and Bermuda
Netherlands Antilles and Surinam,
Other Latin America •
1
1,284
20
-143
,
179
93
,
Total Latin America
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
345
-51,345
5
,
302
,
,
,
,
4,905
Total Asia
Africa;
Congo (Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt) ....
Other Africa
,
Total Africa
Other countries;
Australia
All other.,
Total other countries...
International and regional:
International
European regional
Latin American regional
'>
,
,
,
,
Total international and regional
Grand total
,
1.''
1/
1,786
1,153 i/
/
1965
1966
1966
through
August p
March
April
May
July p
August p
1
.
October 1966
95
CAPITAL MOVEMENTS
Section
Table
6.
-
II
-
Summary by
Net Transactions
in
.
Countries
Domestic Stocks by Foreigners
(In thousands of dollars; negative figures indicate Aet sales by foreigners or a net outflow of capital from the United States)
1^66
Country
1^'66
1963
1 '^r/.
f
^.rough
August p
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
1
,
-10, 960
'-.'.1
,3"
,
Latin America;
Argentina
Brazil
Chile
Colombia
-^,119
196 ,896
-176,832
-I0,68i
?,17C
-1
,
'"^i^"^
'"
.
-1
Panama
-1 ,3-'-
3-
em
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines, . .
Taiwan
Thailand
Other Asia
Total Asia.
Africa:
Congo t'-i-nshasaj
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa.
Other countries:
Australia
All other
Total other countries.
International and regional;
International
European regional
Latin American regional...
Total international and
regional
27
-ri3,879
1
Total Latin America
1
-'3
,3
Cuba
Mexico
Asia;
,
-1:.:
3
American Republics...
Bermuda
Antilles and Surinam.
America. ,,,,
17,050
r
Total Europe
Grand total
,
o iS^
n7S
Canada
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
-? ^1
-3-"-
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe,
F
i,T20
-11,580
1,025
643
-36,816
-1
,6'^"'
Apri:
August p
,
Ireasury
96
.CAPITAL MOVMENTS,
Section
Table
7.
-
II
Net Transactions
-
Summary
in
by Countries
Long-Term Foreign Bonds by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1966
Country
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norvay
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U. S. S. R
Other Eastern Europe
1966
through
August p
1,247
ssi
--1,133
,
,
56,
,
Asia;
China Mainland
Hong Kong
India
Indonesia >
Israel
Japan
Korea
Philippines
Ta iwan
Thailand
Other Asia
Total Asia
Africa;
Congo (Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt)....
Other Africa
5U
10
15
-24,509
-8,909
-17,379
-3,973
6,318
10,321
86,881
10,522
3,488
-4,073
-20,004
-281
-34,244
85,147
-147
-43,759
U2
-23,647
484
-2,704 1/
18,555
-6
332
-29,588
-11 1/
-19
102
Total other countries
International and regional:
International
European regional
Latin Ameri can regional
Total international and
regional
Grand total
151
19,469
-2,145
15
35,882
-2,812
1,650
573
9,741
654
40,022
-321
-360
500
-49,280
1,242
1,873
5,114
97
7,271
966
-104
2,537
-5,771
23,145
897
7,426
196
5,004
899
9,653
670
294
330
-13
25,498
910
73
510
1,766
2,673
1,284
3
-6
3,555
500
-11,894
4,287
-2,119
266
51
83
9
-542
5,004
364
6,761
2,054
4
-8,086
514
-27
1,047
,
-i3,675
77,ilo
-23,460
96,515
55,938
-6,302
46,632
7W,318
-773,731
-823,238
-617,361
-113,983
-151,067
-25,226
9,12i
3,298
11,107
2,871
1,093
3,205
-6,534
2,633
1,233
1,788
-4
-31,019
1,661
-11,647
11,781
2,174
428
5,140
-23
83
234
10,202
1,205
201
477
67
-125
10,945
-59
9,595
197
2,852
-5,017
208
-2,688
-1,981
883
6,507
456
-2,571
1,647
749
-1,028
-16,087
2,242
362
541
2,349
-28,413
-8,325
-23
1,679
1,923
41,596
218
108
3,282
868
456^ -16,222
-1,423
2/
220
1,631
1,243
9,974 i/
I
I
801
52
167
68
20
3,5bO
20*^
622
4,944
6,055
327
460
268
-209
-400
496
81
-39
-13,315
275
147
50
12
-25,734
-35,026
-35,184
-4,987
20.566
33,716
-12,211
-50
-1,068
930
-52
-61,477
-130,363
1,497
-1,402
-1
-90,649
6,769
837
876
1,004
-8
-26,464
82
960
1,000
-229
10
-60
-22
-76,273
-48,250
-1,863
-3,596
2,185
3,644
355
-1,792
1,052
2,509
13,060
-9,859
-14,124
65
-691
5
551
50
-1
7,500
2,181
6,990
-10,675
-413
1,000
10,000
16,635
125
1,000
10,000
15,726
417
136
-177,251
-83,914
-141,513
2,712
27,499
-1,148
3,384
1/
9,435
-9
9
27
4,636
4,476
-2
-1,076
2,817
1,097
32
69
4,261
4,097
3,409
7,105
5,194
120
163
-1
Total Africa
Other countries:
Australia
All other
1,953
38,037
2,781
,
,
Total Europe
Total Latin America
18,-135
-3
Canada,
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics. .
Bahamas and Bermuda
Netherlands Antilles and Surinam
Other Latin America
-25,017
16,817
-10,899
56,877
10,948
-1,006
-28,399
2,125
-46,623
-63
3,543
-3,037
9,787
-8,855
-25,842
23,887
9,138
t^y
April
5,019 2/
18,207
2,886
-42,291
-14,996
2,407
-12,986
3,794
-14,040
1,219
722
-7,789 i/
21,093
-57,287
-10,579
-10,24b
1,941
23,850
-17,445
-147,506
-153,219
-11,573
-104,850
-21,080
-40,000
-94,108
89
2,254
-22,243
-105,270
8,597
9c,
t
•1,395,440
-141,101
-928,32
-l'-4,
-1,242,065
-165, '330
1,28'7
-35,000
-"^.019
-109,051
-31,
-154,199
J -one
July P
October 1966
97
CAPITAL MOVEMENTS
Section
Table
8.
II
-
.
Summary by Countries
Net Transactions
in
Foreign Stocks by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflou of oanital from the United States)
Calendar year
Country
1963
1964
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
Total Europe
-251
6,881
-.^02
i,604
-^,340
487
iO
-1,'J18
-10,316
-86
25,012
-1
123
3
130,041
492
244
-1,857
137
-326
88
American Republics...
Bermuda
Antilles and Surinam.
America..,.,
113 2/
2/
722
555 2/
Total Latin America
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
-08, ^58
Total Asia
-74,893
Africa:
Congo (Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt)....
Other Africa
T
Total Africa
Other countries;
Australia
All other
Total other countries
International and regional:
International
European regional
Latin American regional
Total international and regional
Grand total
1/
-5,381
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
V'ji
504
-1,510
15
-4,030
202
-367
-210
-512
17
2/
1,217
124
2/
98
Treasury Bulletin
CAPITAL MOVEMENTS
Section
Table
9.
II
-
Summary
Estimated Holdings of U.
S.
by Countries
Government Bonds and Notes
(Position at end of period in millions of dollars^
October 1966
99
CAPITAL MOVIMENTS.
Section
Table
1. -
Short-Term
III
-
Preliminary Details by Countries
to Foreigners as of August
Banking Liabilities
(Position in thousands of dollars)
Short-term liabilities payable In dollars
Total
shortterm
liabilities
Country
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
To foreign banks and official institutions
U,
S,
Treasury
bills and
certificates
Total
Deposits 2/
180,386
388,582
270,925
66,135
1,137,326
2,086,203
128,700
1,659,460
330,526
299,026
321,789
174,331
672,549
1,691,766
25,860
3,901,291
27,208
379,955
5,589
29,172
151,784
353,267
261,082
62,574
1,058,069
1,763,299
92,007
1,625,814
307,860
267,209
232,375
120,408
648,429
1,401,746
21,884
3,618,771
25,617
268,887
5,250
27,305
41,217
140,083
79,886
35,704
444,439
255,080
42,855
344,303
109,501
98,521
226,855
97,526
125,476
315,564
21,777
3,262,253
11,481
77,086
4,990
23,413
18,600
466,900
166,446
13,776,779
12,313,637
5,758,010
4,508,754
2,163,982
1,910,348
1,421,432
482,112
489,161
321,983
200,969
182,423
9,458
555,404
144,612
226,789
165,951
697,749
536,879
157,980
117,428
19,509
230,346
236,113
72,985
54,663
85,320
260,641
14,680
82,694
39,832
292,839
295,141
70,293
39,940
4,565
94,840
142,961
72,383
54,060
893
157,363
11,703
82,557
39,150
287,647
204,155
59,374
26,184
3,430
3,826,295
1,695,625
1,236,700
145,038
35,654
128,124
133,786
49,476
105,744
2,760,324
128,532
316,029
242,035
603,101
905,273
30,105
120,212
45,924
98,909
2,725,473
126,827
252,611
225,240
597,780
823,384
30,105
54,552
38,397
33,897
54,467
1,471,706
124,859
235,431
166,606
204,835
513,376
3,100
386,393
117,530
5,408,073
5,110,439
928,231
1,170,653
11,34?
34,611
56,215
21,775
2Ll,553
9,544
31,296
46,369
20,997
181,831
7,014
31,183
45,986
18,208
117,801
2,000
339,002
290,037
237,460
27,983
224,
265,443
245,594
5,333,03s
9,764
95,206
5,332,930
9,764
95,163
5,438,008
5,437,857
31,217,587
27,003,537
:
Total Europe
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
38,200
136,
9U
80,210
6,800
443,194
1,324,360
9,500
1,217,840
165,353
25,028
279,810
10,600
118,866
133
:
American Republics,,
Bermuda
Antilles and Surinam
America
Total Latin America
Asia
China Mainland
893
5,075
17,500
26,305
765
10,073
:
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
,
Africa :
Congo ( Kinshasa )
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
,
Total Africa
Other countries :
Aus tralia
All other
,
Total other countries
International and regional
International ^.'
European regional
Latin American regional
^
5U
21,080
:
Total international and regional.
Grand to tal
63 ,974
,
66,200
11,800
15,200
570,430
31,
1966
1/
I
,
Tr
7easury Bulletin
100
j
CAPITAL MOVIMENTS
Section
Table 2.-
III
-
Preliminary Details by Countries
Short-Term Banking Claims on Foreigners as of August
31,
19661/
(Position in thousands of dolleirs)
Short-term claims payable in foreign currencies
Short-term claims payable in dollars
Loans to:
Total
shortterm
claims
Country
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Greece
«
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
°,97i
"",367
53,291
90,070
71,191
216,639
Foreign
banks and
official
institutions
°.431
4=.'f6
52, GO'S
4,500
Q,355
16,304
13,538
7,601
27,041
2,517
31,733
9,266
16,940
16,310
36,701
1,546
24,570
89,862
52,114
169,815
14,525
96,864
32,413
48,176
37,910
61,751
62,018
74,756
41,938
119,416
17,323
36,169
1,542
24,542
11,256
25,483
39,975
37,029
16,259
1,918
1,237
10,127
1,303,986
1,092,160
312,913
563,269
412,899
182,286
109,778
158,089
279,311
16,382
743,415
69,137
176,728
39,315
183,558
223,742
56,139
182,042
109,696
157,975
278,383
16,363
710,436
68,797
176,539
39,312
179,006
223,552
55,739
16,911
16.081
2,270,872
16,909
16,017
2,230,766
Korea
Philippines
Taiwan
Thailand
Other Asia
735
30,151
27,586
1,563
89,625
2,535,371
20,489
182,846
16,555
63,946
111,599
730
30,046
27,309
1,563
89,622
2,506,533
20,488
Total Asia
,
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Surinam
Other Latin
American Republics
Bermuda
Antilles and
America
Total Latin America
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Africa:
Congo (Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt)..
Other Africa
Total Africa
Other countries;
Australia
All other
Total other countries
International and regional;
International
European regional
Latin American regional
U,6i7
105,963
il,857
48,917
38,
U8
62,i76
6i,729
91,956
il,975
213,615
17,33-i
1/
Other
2,118
23,136
5,105
237
12,466
66,776
936
15,096
3,566
14,061
11,591
11,695
4,045
34,158
226
12,957
108
21,182
1,840
9,979
4,029
2,678
23,762
35,706
10,371
32,854
10,776
3,121
3,702
24,445
6,477
9,206
1,701
23,358
100
9,254
305
Other
foreigners
924
4,046
21,511
73,376
7,383
37,638
4
4,128
6,039
14,010
5,769
7,707
37,832
5,701
36
16,907
856
3,789
37
37
29,165
94,199
66,001
26
11
532
4
6
453
4
U
117,665
U,105
50,057 221,723
27,246
35,238
25,068
31,531
42,582
22,259
37,620
25,454
16,259
49,854
9,589
39,984
10,406
52,705
94,233
3,837
84,808
307,131
36,292
40,326
12,617
34,294
48,091
14,590
21,093
43,024
41,295
77,567
104
204,516
17,518
43,852
5,701
65,395
36,468
24,034
236
13,531
1
612,663
_58j.
3,085
13
53,701
140,819
129,759
3,859
50,702
6,646
25,276
43,445
7,668
39
82
114
928
19
46
4
19 176
32,979
340
,
1,539
1,675
3,942
1,336
1,315
5,610
189
19
6,773
289
73
3
3
4,552
190
400
1,058
50
376
1
554,158
40,106
3,747
5
5
1,659
965
1,253
501
105
277
275
421,481
8,611
734
9,486
1,U3
1,323,717 111,325
1,800
28,733
441
5,056
248
37,435
1,8
7,923
1,416,774 117,017
65
17
64
U,240
10,401
23,346
12,056
2,727
93
10,659
177
1,505
16,103
2,269
15,794
18,307
5,551
125,849
46,025
13,718
35,848
29,779
^2,17i'
6,5°1
38
5,949
1,041
24,030
7,112
9,989
8,350
6,629
6,990
31,1A2
10,418
1,058,170
1,369,695
3
50,257
5
11
1^7
4^0
244
2
417
?,033
35,144
44,015
'.OR
6,313
1,756
291
3,012
64
417
2,033
14
72,329
1
653,137
1^.
150,370
1.815
47,781
85,596
2,563
2S_
594,683
1
Foreign
government
obligations
and commercial and
finance
paper
64,053
56
6U
776,429
57,000
538
3,380
2,408
208
9,349
7,a9
122
9,099
9,444
761
238
725
2,711
17,200
261.753
3,048,953
61,026
33
902
2,654
697
13,053
2,766
213.982
3,080,466
127,935
538
8,720
1,265
191
17,067
19,990
101
6,130
8,820
759
238
596
2,700
12,336
239,459
16,555
63,939
110,824
44,346
44,392
543
8,781
1,282
208
19,077
46,824
U.097
14,720
20,674
868
26,662
818
4,110
8,398
3t.,747
49
3,070
5,060
318
4,487
6,602
1,454
5,720
524,159
17,557
23,732
3,831
9,138
56,454
181,344.
Deposits of
reporting
banks and
domestic
customers
with
foreigners
of
727
14,036
18,507
108
58,253
526,658
263
101,776
6,850
13,008
36,243
Total international and
regional
Grand total
U,524
Collections
outstanding
for own
account and
domestic
customers
Acceptances
made for
account
3,485
3,485
76
3
28,838
27,418
1
1
1,502
728
7
7
368
775
719
49
31,513
29,229
417
180
1,603
331
152
417
331
36
479
2,036
784
1,821
3,796
2,529
307
5,6U
209
230
219
1,821
4,026
2,748
2,322,93^ 452,874
43'5,927
259,817
429
4b4
7,408,077
6,968,150
1,764,472
Excludes foreign currencies held by U.S. monetary authorities.
56,726
October 1966
:
.
;
Treasury Bulletin
ice
CAPITAL MOVmENTS
Table
4.
-
Section III - Preliminary Details by Countries
Purchases and Sales of Long-Term Securities by Foreigners During August 1966
i^
(In thousands of dollars)
Purchases by foreigners
Domestic securities
Country
Total
U. S.
purchases Government
bonds and
notes
Europe
Austria
Belgium
Denmark
Finland
France
Ge rmany
Greece
7,347
2,556
Corporate and
other
Stocks
Bonds
1
14
412
,000
50
341
733
135
1,724
3
17, 153
9
24,630
12,318
245
12,652
1^,727
1,65a
1,191
2,137
4,118
127,14b
393
56,ln9
Ital,v
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
571
12
226
360
285
233
4, 671
10, 390
542
31
20
125
191
562
1,925
7,838
g
992
1, 710
203
104, 652
378
21,537
5,287
18, 319
1,270
5,243
3
040
230
Total Europe.
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics...
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America
27S,812
24,348
19,919
176, 060
234,423
52,480
37,402
84, 454
39
708
694
253
892
4,695
925
897
973
40
4
62
37
4^^
136
12
5,340
3,632
710
2,092
4,500
1,093
11,385
13,333
175
29
20
107
94
45
1,433
1,35'
20
Total Latin America
12
381
510
435
1, 748
3, 725
600
6, 492
11 342
152
33,949
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
11,924
10,325
4
3,936
3
284
18
13,644
Total Asia
145
17,941
7,31"
Africa
Congo (Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
:
11
11
151
204
24
93
404
553
Total Africa
41
Other countries
Australia
All other
21d
107
Total other countries.
10
International and regional
International
European regional
Latin American regional..
;
'^,371
357
Total international and regional.
Grand total
1,547
357
612,372
1,547
Sales by foreigners
Domestic securities
Foreign securities
531
Total
sales
U.
3.
Government
bonds and
notes
Corporate and
other
Bonds
Stocks
Foreign securities
,
October 1966
103
CAPITAL MOVaENTS
Section IV
Table
1. -
Short-Term
-
Supplementary Data by Countries
Reported by Nonbanking Concerns
Liabilities to Foreigners
^Position at end of period in thousands of dollars)
1Q6i
Country
March
Jijne
^
September
Surope:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
S. S. R
Other Eastern Europe
U.
Total Europe
Canada
Latin America :
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuala
Other Latin American Republics..,
Bahamas and Bermuda
Netherlands Antilles and Surinam,
Other Latin America.
2,808
20,883
1,078
2,292
19,139
1,322
1,082
31,33i
32,167
2,i16
26,353
i3,i85
2,120
1,032
6,889
6,93i
19,935
4,3i2
110,036
6,051
898
182
1,041
28,165
36,414
4,566
24,480
46,399
2,951
1,070
9,007
7,187
19,034
4,684
101,662
901
587
2,205
60
387
318,910
315,709
300,672
341,209
67,588
61 ,938
56,697
59,96?
6,105
13,487
3,355
5,816
200
10,515
29,027
5,545
11,357
3,309
8,256
204
8,058
20,903
6,243
905
21,704
8,918
2,472
3,900
10,965
3,598
6,669
137
8,105
26,034
4,708
660
19,722
10,508
2,461
9,289
4,100
981
2,651
61
2,629
20,207
986
872
26,788
34,452
4,506
22,362
46,052
2,132
1,020
8,428
b,lbU
18,325
4,435
97,311
751
2,633
22,066
1,032
680
30,718
U,390
3,977
27,118
30,592
2,044
1,585
12,452
7,0U
35,951
5,456
108,452
637
3,510
89
783
/>,669
6,395
5,079
10,075
2,961
7,480
168
6,778
20,552
5,298
796
20,789
7,990
2,451
7,181
6,123
117, 6i5
111,520
103,721
110,856
1,768
2,377
1,769
2,352
14,080
5,388
1,053
26,714
1,297
1,835
15,528
2,946
1,078
31,169
389
21,909
582
5,462
809
712
21,218
1,588
1,310
13,273
5,083
898
24,596
505
4,463
764
695
19,475
76,044
80,139
73,150
81 ,979
1,046
304
8,954
4,053
6,255
560
281
10,478
2,070
5,710
548
259
10,007
1,896
5,410
3,086
1,306
11,009
1,489
5,099
Total Africa
20,612
19,099
18,120
Other countries;
Australia
All other
25,442
4,467
27,348
5,872
29,909
33,220
124
634
80
32
,
Total Latin America
5,281
20,112
9,569
1,968
6,057
7,251
Asia;
China Mainland
Kong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa;
Congo (Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt)....
Other Africa
Total other countries
International and regional;
International
European regional
Latin American regional
Total international and regional
Grand total
U,036
3,179
2,341
23,412
669
4,826
722
805
204
630,912
666
622,291'
6,212
367
601
20,557
Treasury Balletm\
104
CAPITAL MOVaiENTS
Table
2.
-
Section IV - Supplementary Data by Countries
Short-Term Claims on Foreigners Reported by Nonbanking Concerns
(Position at end of period in thousands of dollars.)
1965
1964
Country
June
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.
5,497
19,897
6,562
5,189
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
2,352
Total Europe
September
4,942
16,
9U
6,398
8,214
50,275
94,780
9,640
89,782
32,371
6,598
8,764
44,923
18,670
16,010
4,240
407,123
2,823
6,410
98
2,679
December 1/
6,558
18,524
6,261
6,736
60,816
139,827
9,828
94,820
31,094
7,662
4,056
42,
19,
Ul
U3
21,657
9,086
329,244
3,273
9,016
298
2,227
March
6,559
18,688
6,268
6,736
60,9U
139,966
9,828
94,872
31,259
7,665
4,057
42,144
19,163
21,685
9,101
330,001
3,273
9,016
298
2,227
6,751
16,268
9,183
6,007
69,247
114,226
6,831
84,495
28,555
6,373
7,664
39,233
20,744
28,736
11,519
364,993
6,393
7,222
1,282
2,693
7U,335
831,654
822,267
823,720
838,415
Canada
922,977
1,032,176
1,057,075
1,125,774
904,192
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
20,060
125,037
21,390
22,060
4,936
58,251
9,339
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
46,503
18,692
4,456
10,013
30,471
144,517
25,234
24,596
4,285
68,879
11,934
25,724
10,021
45,789
51,325
11,422
4,150
9,548
30,484
144,523
25,236
24,603
4,292
75,683
11,938
25,927
10,021
45,849
51,326
11,438
4,150
9,566
33,053
113,048
24,659
25,708
4,118
74,738
10,855
21,469
9,089
40,286
49,150
8,080
2,853
403,613
437,929
467,895
475,036
426,287
5,084
6,771
54,860
4,201
11,451
5,051
5,435
60,092
191
8,573
40,511
4,350
6,858
179,848
4,201
11,471
5,055
5,436
60,098
194
8,665
45,223
4,924
5,573
180,871
4,866
15,261
4,980
7,033
61,850
Total Latin America
Asia:
China Mainland
U,909
9,181-
29
IS
191
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
5,077
38,435
5,073
7,245
159,087
6,830
36,600
4,426
7,471
174,170
4,582
8,556
40,511
4,344
6,856
Total Asia.
293,827
314,866
326,502
326,592
339,440
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
6,192
1,026
11,362
12,651
26,054
2,375
963
19,349
16,788
23,490
Total Africa..
52,778
57,051
57,268
57,285
62,965
Other coxantries;
Australia
All other
35,660
5,792
33,388
6,726
37,760
6,869
37,7816,871
41,452
45,
lU
44,629
4-*,
LL9
59
198
51
3
3
1,061
262
260
260
2,430,043
2,719,052
Africa:
Congo (Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total other countries.
International and regional:
International
European regional
Latin American regional
Total International and regional.
Grand total
4,374
11,132
4,339
7,025
51,411
U,054
194
179,8U
652
198
2,775,8961/2,853,319 1/
June
September
December 1/
s
October 1966
105
CAPITAL MOVMENTS
Section IV
Table
3.
-
Short-Term
-
Supplementary Data by Countries
Liabilities to and Claims on
Details as of
Foreigners Reported by Nonbanking Concerns
31, 1966
March
(Position in thousands of dollars)
Liabilities
Country
Denmark
Finland
France
Germany
Greece
foreign
currencies
2,065
26,696
746
620
1,297
2i,722
673
U,937
36,875
49,392
2,232
11,848
32,228
1,915
5,899
19,738
11,524
35,386
4,034
110,689
607
2,992
127
59,919
2,998
22,710
54,116
2,153
6,647
20,853
11,724
45,369
4,184
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
O.S.S.R
Other Eastern Europe
l.'a,275
1,U8
3,867
127
Payable
in
dollars
Belgiuni
Payable in foreign
currencies
Payable
Payable
Europe ;
Austria
Clai
525
Total
dollars
541
875
',845
46,056
8,385
5,581
97,433
118,082
11,109
117,830
48,289
8,486
8,818
56,252
28,233
19,884
10,489
432,877
1,994
8,984
23
2,586
768
3,974
73
155
8,062
10,527
766
10,862
21,888
238
748
1,115
200
9,983
150
30,586
110
5,132
44,654
8,239
5,223
73,370
100,695
9, 52 J
108, 98J
45,204
8,293
7,846
52,737
28,015
16,905
9,473
347,686
1,967
8,769
Deposits with
banks abroad
in reporter'
own name
Other
578
550
2,135
852
24
122
42
1,617
311
22,446
2,181
893
4,569
753
15,206
696
4,281
2,332
49
376
1,555
41
2,524
761
56,153
144
596
1,960
177
455
255
29,038
13
U
129
86
87,019
67,084
113
2,397
9-/
452,993
351,459
101,534
1,039,323
885,220
0,040
Si, 983
il,057
566,436
423,991
5,827
11,372
4,900
8,113
148
8,803
9,468
6,532
1,628
1,660
2,355
616
1,169
27
193
707
246
20,458
3,631
162
88
291
34,388
79,773
30,984
20,924
3,010
73,742
10,614
30,281
7,053
52,270
55,864
12,339
3,848
8,586
31,368
74,793
29,629
19,609
495
71,278
11,411
2,165
7,159
1.350
4,167
9,017
4,284
6,944
121
8,009
9,275
5,825
1,382
6,056
7,780
2,003
7,071
1,059
105,390
72,993
32,397
423,676
1,301
1,923
24,524
11,544
1,004
26,842
851
6,747
4,520
1,453
31,555
1,301
1,545
22,858
11,533
845
22,717
782
4,909
4,458
1,106
22,472
378
1,666
4,828
9,083
2,869
5,077
174,465
5,539
15,922
5,907
7,731
76,314
67,U5
Z64
7,398
54
41
51,365
22
462
38
109
5,730
112,264
94,526
17,738
333,253
241,815
65,533
23,905
85A
451
10,941
457
102
564
361
1,733
2,080
1,621
18,186
10,639
25,558
1,347
1,257
17,832
5,931
21,940
58
1,228
8,932
397
349
10,377
867
7,199
148
99
3,768
1,949
675
216
255
940
1,669
Total Africa
22,406
19,139
3,21"
53,034
,3.307
Other countries;
Australia
All other
31,352
3,501
16,475
2,130
14,877
1,371
39,541
6,988
31,435
5.033
3,080
841
3^,8^3
18,605
16,2,8
529
36.4c3
3,921
38
25
38
25
290
290
20
20
Total Europe
Canada
1,;
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics.,
Bahamas and Bermuda
Netherlands Antilles and Surinam,
Other Latin America
,
,
Total Latin America
Asia
China Mainland
Hong Kong
26,
5U
794
;
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa;
Congo (Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt)....
Other Africa
Total other countries
International and regional ;
International
European regional
Latin American regional
Total international and regional
Grand total
Note:
,
,
,
03
63
48,009
615,818
This table presents the detailed breakdown of the latest data that
Data are reported by
are shown In Tables 1 and 2 of this section.
exporters, importers, industrial and commercial firms, and other
U
11
159
4,125
69
1,838
62
347
232,191
34, 587
9,914
28,237
6,770
46,553
48,920
11,669
105,761
483
1,451
349
279
2,515
358
136
317
2,846
2,795
2,106
564
1,727
278
2,871
4,149
472
32
186
198
59
176
5
3,757
8,224
391,207
13
4,123
25,526
2,764
4,681
104,781
5,276
14,161
5,813
7,232
2,537
3,529
1,006
1,045
20,245
12,
1
441
1,663
51
355
18,319
241
1,299
56
390
3,089
3,755
211,403
5,026
1,114
28,890
nonbanking concerns in the United States. Data exclude claims held
through United States banks, and intercompany accounts between firms
in the United States and their affiliates abroad.
Treasury Bulletim
106
CAPITAL MOVEMENTS
Section IV
Table
4.
-
Long-Term
-
,
Supplementary Data by Countries
Reported by Nonbanking Concerns
Liabilities to Foreigners
(Position at end of period in thousands of dollars)
19m4
1965
Country
J.ine
1/
September
December 2/
September
December 3/
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 •••.,,
272
5,438
683
52
82
1,U6
32,918
132
167
97
1,189
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics*..
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America
,
,
,
,
Total Latin America
Hong Kong
India
Indonesia
Israel
Japan
Korea
Phil ippines
Taiwan
Thailand
Other Asia
Total Asia
Africa;
Congo (Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa:
4,510
3,661
673
227
82
1,173
32,079
472
146
83
1,201
31,289
466
2,306
83
1,266
29,803
135
162
23
136
162
19
755
136
2,302
188
2
3,691
2,720
2,724
1,817
567
566
2,557
83
1,316
28,009
30
563
3,182
691
1,362
27,155
682
3,057
1
1
133
161
130
161
130
161
1,106
1,512
1,259
8,977
10,669
30,400
48
34
2
2,355
85
1,288
28,999
25
133
188
254
758
755
5,085
6,067
6,022
7,384
50
50
97
37
9,508
36
47,993
44,392
46,087
47,906
45,706
48,184
84,737
83,473
57,960
55,337
60,800
59,036
61J
1,207
641
625
10
60
383
953
503
471
673
455
78
18
102
156
80
21
664
415
432
656
60
192
85
556
123
432
665
60
129
126
529
82
103
;39
19
15
560
i6
107
1,895
804
60
175
85
51
102
101
275
148
,
31.
69,447
582
53,744
97
338
672
60
134
126
392
78
103
156
438
97
364
640
60
183
126
395
96
506
139
326
647
60
201
126
419
107
216
165
1,107
1,913
317
78
1,251
1,920
1,601
1,201
1,201
L,112
1,107
705
7,3ol
6,514
5,
oil
4,217
4,360
3,807
3,374
12
12
L2
12
12
350
994
350
994
350
1,018
350
998
138
87
138
93
4
351
999
138
138
99
138
ILO
1
350
387
138
38
175
Ul
5
2
2,308
350
36
138
84
1,603
5
5
5
5
5
5
5
5
40
2
2
2
2
3
3
22
30
39
16
34
U
138
87
2,9J4
1,484
97
3
2
1
17
13
14
2,318
2,276
3,077
1,611
1,644
1,641
3,935
3,193
121
49
131
20
3,984
2,375
3
132
23
127
125
128
125
124
3
3
1
39
80
158
130
129
135
204
Other countries:
Austral ia
All other
Total other Countries
691
1,489
29,727
7
Total Europe
Asia:
China Mainland
4,520
216
5
5
3,989
2,380
International and regional
Grand total
Note:
1/
142,987
140,382 1/
Data are reported by exporters, importers, industrial and commercial firms, and other nonbanking concerns in the United States. Data
exclude intercompany accounts between firms in the United States and
their affiliates abroad.
The series beginning with June 1964 includes reports from firms
having liabilities of $500 thousand or more; for previous series
107,38c 2/
2/
3/
114,901
110,399
120,234
137,723 3/
the reporting exemption was $100 thousand. The amount of liabilities excluded as a result of this increase in the reporting exemption is $2,854 thousand.
Data include $836 thousand of liabilities reported by firms reporting
for the first time.
Data Include $2,077 thousand of liabilities reported by firms reporting
for the first time.
V
October 1966
107
CAPITAL MOVHUENTS
Table
5.
-
,
Section IV - Supplementary Data by Countries
Long-Term Claims on Foreigners Reported by Nonbanking Concerns
^
Position at end of period in thousands of dollars)
196i
1965
Coxintry
June
Septemt er
December 1/
March
Europe:
Austria
Belgium
99
2,002
Denjnark
7,U7
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
10
10
2,5U
11,866
12,05i
300
2,157
W3
Canada
Latin America;
Argentina
Brazil
Chile
Col ombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
5,365
86
13,372
6,775
68,339
1,212
760
1,748
31,517
2,552
14,748
9,833
304
2,154
269
7,224
69
13,307
6,402
64,015
1,576
789
1,3i1
23,5i3
Total Europe
American Republics..
Bermuda
Antilles and Surinam.
America
Total Latin America
2,00i
7,177
2,005
6,955
1,475
18,486
1,659
24,133
20,353
342
2,161
1,134
9,965
330
11,774
6,661
51,445
650
770
1,315
2,005
6,955
1,475
15,153
4,856
27,536
20,562
342
2,161
1,134
12,058
330
11,774
6,662
56,257
650
824
1,390
2,005
7,059
1,913
16^55
6,678
29,607
19,501
4
2,242
1,286
12,848
302
11,686
5,969
35,301
U5
899
167
283
197
160,052
165,981
160,495
197
172,246
156,673
6A,074
90,203
94,532
189,970
202,637
72,770
66,868
10,030
6,633
6,7i8
78,i89
58,933
68,033
10,740
5,208
6,648
73,754
6,544
48,038
214,579
9,929
1,3i8
7,799
1i,705
8,193
14,841
1,551
9U
8,044
18,597
7,985
1,359
1,748
4,246
12,930
1,462
6,374
23,065
8,159
1,478
1,357
48,708
214,845
11,740
9,691
6,126
73,352
4,246
12,930
1,462
6,374
24,133
8,238
1,478
1,367
44,154
219,611
10,798
10,341
6.526
73,804
4,670
13,653
1,325
7,362
25,987
8,488
1,477
1,888
289,973
283,985
421,196
425,090
430,084
37
5,065
10,112
18,091
93,95i
39
5,041
1
,0i9
11,601
9,4A3
6,526
71 ,938
183
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa:
Congo (Kinshasa)
Morocco
,
,
33
33
33
3,574
10,749
15,388
89,181
4,889
155
190
292
i7,i18
11,923
46,123
5,746
1,620
10,279
45,876
8,729
938
9,798
3,574
10,948
15,388
89,181
292
47,104
8,729
938
10,952
193,19-i
185,498
184,558
187,139
177,334
120
120
4
1,962
5,iU
1
,025
10,400
16,080
89,980
1
91
i,321
i,723
85,165
4,309
4,397
84,154
Total Africa
9i,2U
92,864
87,634
91,385
Other countries:
Australia
All other
12,726
1,013
12,359
1,045
12,465
1,051
13,714
13,739
13,404
13,516
14,765
315,246
831 ,940
961 ,931
1,051
International and regional
Grand total
12,671
3,807
85,492
South Africa
United Arab Republic (Egypt)..,.
Other Africa
Total other countries
288
46,243
9,198
237
30
4
1,962
4,540
84,524
4
1,962
3,807
81,741
4
8,444-
14,115
81,216
j/ 1,030,595
108
October 1966
109
CAPITAL MOVMENTS
Section IV
Table
7.
-
Short-Term
,
Supplementary Data by Countries
Banking Liabilities to Foreigners in Countries and Areas
Not Regularly Reported Separately
-
(Position at end of period in thousands of dollars)
Arm
Country
1963
"Other Western Europe "
Cyprus
Gibraltar
Iceland
Ireland, Republic of
Luxembourg
Malta
Monaco
657
1,242
3,148
3,240
16,111
617
728
5,632
2,906
10,830
216
1,729
722
1,657
6,974
10,696
7,361
676
2,687
243
1,419
781
1,453
1,838
356
7,205
1,507
1,268
275
1,558
1,140
1,524
1,115
421
368
6,899
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
2/
23,182
16,498
42,028
36,283
40,865
10,487
13,776
3,255
14,838
5,667
22,472
3,077
31
3,411
"Other Eastern Europe"
Albania
Bulgaria
Czechoslovakia 1/
Estonia
Hungary
Latvia
Lithuania
Poland 1/
Rumania 1/
Soviet 2one of Germany
"Other Latin American Republics "
Bolivia 1/
Costa Rica
Dominican Republic 1/
Ecuador
Guatemala 1/
Haiti
Honduras
Jamaica
Nicaragua
Paraguay
El Salvador 1/
Trinidad and Tobago
"Other Latin America "
British Honduras
British West Indies
French West Indies and French Guiana.
"Other Asia"
Aden and South Arabia
Afghanistan
178
1,170
851
1,638
1,029
504
318
240
14,042 2/
533
2,435
3,616
574
Baiirain
Burma
Cambodia
Ceylon
Iran 1/
Iraq
Jordan
Kuwait
Laos
Lebanon
Malaysia 2/
Nepal
Pakistan
Ryukyu Islands (including Okinawa)...
Saudi Arabia
Singapore 2/
Syria
Trucial States
Viet Nam
"Other Africa"
Algeria
Canary Islands
Ethiopia (including Eritrea)
French Soraaliland
Ghana
Guinea
Ivory Coast
Kenya
Li beria
Libya
Malagasy Republic
Mozambique
Nigeria
"Portuguese West Africa"
Somali Republic
Southern Rhodesia
Sudan
Tunisia
Zambia
^
^
"Other countries "
New Caledonia
New Zealand
4,501
15,297
6,470
31,349
20,190
1,608
27,124
4,636
52,283
7,557
981
10,065
14, 599
24,871
2/
2,558
n.a.
7,906
504
428
11,061
776
1,063
1,258
389
n.a.
21,864
5,421
326
1,550
21,772
419
1,662
6,469
1,990
1,216
251
9,043
1,044
2,757
5,288
1,415
2,468
12,606
4,858
18,742
8,489
1,161
33,033
14,007
65,873
18,368
1,106
15,850
17,030
28,384
1/
4,894
n.a.
10.057
1,607
779
17,045
758
4,068
540
1,360
n.a.
17,619
5,496
639
2,510
26,796
656
571
6,774
2,432
10,881
32
4,685
Note:
Through 1962, except as noted, data are based on reports from banks in
the Second (New York) Federal Reserve District only, and include funds
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"
514
4,110
3, ''88
802
2,195
5,808
6,213
21,119
773
3,653
ISO
662
1,027
409
669
1,264
1,505
1,392
403
2,498
1,982
1,418
1,652
1,576
1,495
432
328
9,735
1,922
1,321
32,567
29,127
58,037
53,449
47,862
12,940
20,031
5,564
34,963
8,892
41,690
507
11,665
1,310
3,563
4,995
1,397
9,865
6,931
3,101
23,505
19,849
2,792
46, 539
8,818
76,320
24,104
2,059
17,341
21,722
61,710
386
12,663
5,746
53,054
47,256
65,220
71,567
15,437
32,991
7,820
67,419
12,075
71,653
8,622
67,375
34,165
72,288
69,600
68,128
16,335
31,407
8,563
67,009
13,795
66,998
3,577
64,414
32,850
54,276
62,339
86,863
16,688
43,162
11,461
74,973
15,004
78,290
6,275
1,639
7,983
1,104
2,368
16,047
1,387
2,404
11,491
2,157
1,698
8,921
1,534
4,029
4,468
6,348
2,546
35,893
1,694
2,723
61,972
65,419
7,917
51,972
4,951
113,223
36,295
6,222
24,799
32,678
288,036
4,400
5,636
4,122
49,092
2,682
2,401
66,930
11,954
15,991
35,523
3,234
99,715
25,947
6,792
19,417
23,999
283,601
8,940
1,529
799
33,736
1,583
5,589
395
1,367
2,574
20,011
28,921
638
2,505
15,726
4,432
903
713
22,275
1,740
6,433
853
936
2,109
22,009
14,084
28, 567
2/
3,179
762
19,708
2,090
733
45,200
889
5,127
455
1,919
1,872
r,
.
e.22
A/
4/
26,759
1,054
1,608
20,283
4,629
820
2,550
2,219
988
857
1,362
10,475
1,691
11,956
1,740
19,706
561
1,361
17,811
2,450
840
4,374
2,492
975
1/
2/
2/
A/
589
1,078
1,845
n.a.
1,241
286
356
12,749
6,836
1,700
2,046
32,508
1,491
2,410
23,422
21,601
2,715
56,363
4,97a
84,194
22,167
1,954
23,056
25,566
197,229
3/
7,583
2,790
19,043
2/
568
1,413
3,969
6,649
28,175
1,613
3,976
312
5,491
2,111
n.a.
12,127
April
1966
271
11,525
2,312
1,316
43,186
31,495
55,815
67,060
48,702
14,348
26,044
6,994
42,393
11,377
56,023
7,367
2,.:'8b
December
1965
759
1,509
7,149
6,321
20,052
489
574
906
5,173
8,697
17,384
411
13,522
1,379
2,236
A/
1,407
3,967
1964
508
3,367
2,232
949
',,030
1,776
39,035
7,633
880
44,123
1,557
2,621
634
3,242
1,461
17,887
34,806
913
1,583
21,730
4,378
835
3,287
3,708
1,757
7,234
1,628
18,681
317
n.a.
n.a.
7,962
3,792
n.a.
n.a.
3,290
79,244
n.a.
16,012
24,635
5,653
92,015
31,233
n.a.
20,961
39,458
290,985
4,897
4,752
2,768
123,768
13,563
1,169
58,924
1,259
2,864
395
2,675
1,410
19,694
26,665
691
1,692
n.a.
7,652
394
3,533
3,293
95g
n.a.
27,113
Reported by banks in all Federal Reserve Districts.
Indies.
Data for Trinidad and Tobago included with British West
Through April 1965, Singapore included with Malaysia.
and
Nyasaland)
Through December 1964, data for Malawi (formerly
Rhodesia
Zambia (formerly Northern Rhodesia) included with Southern
Hnt va 1 r-ihl e
^1
1
_
.
:
Treasury Bulletin,
110
.CAPITAL MOVEMENTS
Table
8.
-
1
,
Section IV - Supplementary Data by Countries
Purchases and Sales of Long-Term Securities by Foreigners During Calendar Year 1965
(In thousands of dollars)
Sales by foreigners
Purchases by foreigners
Domestic securities
Country
Total
U.
purchases Government
bonds and
notes
S.
Europ e
Austria
Belgium
Denmark
Finland
France
Germai^
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U. S. S. R
Other Eastern Europe.
Total Europe.
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
American Republics...
Bermuda
Antilles and Surinam.
America
Total Latin America,
Asia;
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines.
Taiwan
Thailand
Other Asia
,
.
Total Asia,
Africa:
Congo (Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa..
Other countries:
Australia.
All other.
Total other countries.
15 ,078
121 ,160
22 ,733
990
298 ,603
225 ,586
2 ,571
99 ,696
296 413
95 ,685
21
36 ,456
79 ,338
1,581 ,223
928
1,371 ,505
634
51
,806
Corporate and
other
Bonds
Stocks
Foreign securities
Bonds
Domestic securities
Total
sales
U.
S.
Government
bonds and
notes
Corporate and
other
Bonds
Foreign securities
Bonds
:
October 1966
111
.CUMULATIVE TABLE OF CONTENTS.
November
1965 through
October 1966
Issue and page number
1965
Jan,
Reporting bases.
II
May
July
IT
ri
II
Article:
Treasury financing operations.
ly
Summary of Federal fiscal operations
IV
.
1
Administrative budget receipts and expenditures
Receipts by principal sources
Detail of miscellaneous receipts by major categories
Chart - Internal revenue collections by principal sources
Expenditures by agencies
Interfund -'.transactions excluded from both net budget receipts
and budget expenditures
Summary of appropriations and au'thorizations, expenditures, and
balances , by agencies
Expenditures and balances by functions
Expenditures by functions
Detail of excise tax receipts
Summary of internal revenue receipts by States, calendar year 19'^:
:
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
and trust expenditures
Federal Old-age and Survivors Insurance Trust Fund
Federal Disability Insurance Trust Fund
Railroad Retirement Account
Unemployment Trust Fund
National Service Life Insurance Fund
Investment of specified trust accounts in public debt securities,
by issues (latest date June 30, 1966)
V.
ij
;
'
•
Consolidated cash transactions
Summary of Federal Government cash transactions with the public
Intragovemmental and other noncash transactions
Federal receipts from and payments to the public - seasonally
adjusted and unadjusted
10
11
13
u
11
IL
IJ
1)
10
10
15
11
12
11
12
1^
13
15
I.*
12
11
11
12
13
11
1
11
11
11,
11
1.:
12
1.'
13
12
13
13
14
15
14
15
13
14
lb
1'.
In
14
15
16
lo
15
14
15
lo
17
17
lo
15
15
10
I'J
16
1."
17
19
17
19
19
:
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
Gold assets and liabilities of the Treasury
20
17
18
19
1:-'
:
12
l-i
19
33
24
21
^4
19
20
Monetary statistics
Money in circulation.
:
Debt outstanding
Summary of Federal securities
Computed interest charge and rate on Federal securities
Interest-bearing public debt
Maturity distribution and average length of marketable
interest-bearing public debt
Special public debt issues to U, S. Government investment accounts.
Treasury holdings of securities issued by Government agencies
Interest-bearing securities issued by Federal agencies but not
guaranteed by the U . S- Government
:
25
25
21
23
23
25
24
25
29
23
2A
29
31
29
26
27
30
31
3^'
Statutory debt limitation
Public debt operations:
Maturity schedule of interest-bearing public marketable securities
o ther than regular weekly Treasury bills
Offerings of Treasury bills
New money financing through regular weekly Treasury bills
Offerings of public marketable securities other than regular
weekly Treasury bills
Securities issued in advance refunding operations
Allotments by investor classes on subscriptions for public
marketable securities other than 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
28
28
29
24
32
29
31
31
33
35
27
29
31
3.:
3J
30
32
3^
3d
3:
3j
3h
3.^
35
34
39
38
.;8
39
49
5o
53
43
3,
36
33
3'J
32
34
38
43
37
)
Treasury Bulletin
112
.CUMULATIVE TABLE OF COnTEMTS.
November 1965 through October
1966
-
(Continued)
Issue and page nxunber
1966
1965
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
6i
65
67
68
Ownership of Federal securities;
Distribution by classes of investors and types of issues
Net market purchases or sales for investment accounts handled by
the Treasury
Estimated ownership
.
Cpi-.
65
65
66
68
69
70
66
66
67
69
64
64
65
67
65
69
70
65
66
64
65
71
72
67
66
73
May
70
70
71
73
75
77
71
73
7i
81
81
82
70
72
81
83
Capital movements between the United States and foreign countries:
Summary by periods beginning 19-^6
Summary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Long-term banking liabilities to and claims on foreigners,
latest month
Purchases and sales of long-term securities by foreigners,
latest month
Short-term liabilities reported by nonbanking concerns
Short-term claims reported by nonbanking concerns
Long-terra liabilities reported by nonbanking concerns
Long-terra claims reported by nonbanking concerns
Foreign credit and debit balances in brokerage accounts
Short-term liabilities, countries and areas not regularly reported
Purchases and sales of long-term securities by foreigners during
calendar year 1965
Foreign currencies acquired by the United States without purchase
with dollars:
Transactions and balances in Treasury accounts
Transactions and balances in agency accounts
Corporations
Statements
Income and
Source and
and certain other business-type activities:
of financial condition (latest date March 31, 1966)..
expense (latest date December 31, 1965)
application of funds (latest date December 31, 1965)...
65
65
70
70
66
68
71
73
74
Sept.
66
66
67
69
7"^:
68
75
70
69
76
70
71
68
75
76
70
h9
69
70
76
77
76
73
74
76
81
83
85
77
78
84
85
79
80
73
79
7t.
75
77
77
78
76
76
77
8b
87
21
27
23
20
87
78
26
71
70
71
83
99
22
91
92
81
22
27
23
21
'26
22
80
31
81
79
80
80
79
79
National bank reports:
Earnings, expenses, and dividends for calendar years 1961-65-
.
Aug.
74
73
74
Exchange Stabilization Fund (latest date June 30. 1966):
Balance sheet
U.S. stabilization agreements
Income and expense
International financial statistics:
U.S. gold stock, and holdings of convertible foreign currencies
by U.S. monetary authorities
U.S. Treasury nonraarketable notes and bonds issued to official
Institutions of foreign countries
U S. monetary gold transactions ( net
Estimated gold reserves and dollar holdings of foreign countries
and international institutions
Liabilities to foreign official institutions and international and
regional organizations
66
66
67
69
July
77
Average yields of long-term bonds:
Average yields of Treasury and corporate bonds by periods.
Chart - Average yields of Treasury and corporate bonds....
Monetary statistics:
Money in circulation
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury.
Components of silver monetary stock
60
60
61
63
Mar.
69
Treasury survey of ownership of Federal securities:
Ownership by banks, insurance companies, and others
Ownership by commercial banks classified by membership in Federal
Reserve System ( latest date June 30 , 1966)
Market quotations:
End-of-month closing quotations on Treasury securities by Issues
Chart - Yields of Treasury securities
61
61
62
64
Feb.
31
83
79
83
Si
79
85
81
86
82
86
87
82
82
81
82
89
89
90
81
80
80
81
81
93
82
83
94
83
84
84
95
84
85
85
96
85
91
87
94
87
90
99
100
101
110
111
90
99
100
82
91
83
83
82
83
92
84
84
88
91
100
84
87
96
85
86
101
97
94
97
106
107
99
98
9?
103
104
90
99
100
88
97
93
82
83
89
87
108
100
100
105
101
101
112
101
109
110
111
113
114
115
116
101
102
103
105
106
107
108
101
102
103
105
106
107
108
106
107
108
110
111
112
113
102
103
104
106
107
108
109
102
103
104
136
107
108
109
113
lU
99
100
101
103
106
109
110
100
101
102
104
107
110
111
114
115
117
118
119
120
102
103
104
106
107
108
109
115
111
112
117
109
109
114
110
110
121
110
102
103
104
105
107
110
113
110
117
117
no
113
119
113
13^
116
4
.
Treas.
HJ
10
.A2
1966
C.2
«
U.S. Treasury Dept
Treasury Bulletin
@FedFRASER