Full text of Treasury Bulletin : September 1958
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September 1958
Table of Contents
Page
Treasury financing operations................... A-l
Summary of Federal fisoal operations............
1
Budget receipts and expenditures................
2
Trust account and other transactions............
&
Cash Income and outgo...........................
12
Account of the Treasurer of the United States....
18
Debt outstanding................................
20
Statutory debt limitation.......................
23
Debt operations.................................
2^
Unlted States savings bonds........ ............
36
Ownership of Federal securities.................
40
Treasury survey of ownership of Federal
securities...................... .
M-2
Market quotations on Treasury securities........
5°
Average yields of long-term bonds...............
53
Internal revenue collections............... .
55
Monetary statistics.............................
59
Capital movements..............................
63
Cumulative table of contents....................
jG
Note:
Where calculations have been made from unrounded
figures, the details may not check to the totals
shown.
Treasury Bulletin
II
Reporting Bases
Data on receipts, expenditures, and debt which appear in the
"Treasury Bulletin" are based largely on two Treasury financial
reports, the "Dally Statement of the United States Treasury" and
the "Monthly Statement of Receipts and Expenditures of the
United States Government." Certain monetary statistics are based
at least In part on the "Circulation Statement of United States
Money." Where these statements are given as sources for in
dividual tables, they are cited by name only. Their respective
reporting bases are desorlbed below. For other data In the
Bulletin, information on sources or reporting bases is given in
connection with the tables themselves.
The monthly statement of receipts and expenditures was first
published for February 195^> and replaoed the daily statement as
the primary source of information on budget results and other
receipt and expenditure data classified by type of account.
At the same time, the daily statement was changed to a statement
of cash deposits and withdrawals affecting the account of the
Treasurer of the United States. Both publications have provided
comparative figures on their respective bases from the beginning
of the fiscal year 1953* Tk® announcement of February 17, 195^#
with respect to these reporting changes may be found in the
April 195^ issue of the- Bulletin.
The monthly statement shows all reoelpts and expenditures
of the Government, including those made from cash accounts held
outside the United States Treasury. The Information is compiled
from reports by the Treasurer of the United States and by all
other collecting and disbursing agencies, including those agencies
which maintain checking accounts in commercial banks. These
reports cover transactions recorded in the accounts of the
agencies during the reporting period. The net of the trans
actions as compiled from these reports is reconciled in the
monthly statement to changes in the balance in the Treasurer's
aocount and in cash held outside the Treasurer's account and
changes In the public debt outstanding.
Receipts of taxes and customs duties are reported on a
collections basis. Other receipts are reported partially on a
collections basis and partially on a deposits basis. Expenditures,
except interest on the public debt, are reported on the basis of
oheoks issued or cash payments made by disbursing officers.
Transactions of an interfund or intragovernmental nature are
included on the same basis even though the actual issuance of
checks may not be involved. Interest on the public debt is in
cluded on an accrual basis beginning with figures for June 1955
and the fiscal year 1955. Prior to that, it was included on a
due and payable basis. The same reporting basis as that in the
monthly statement provides the fiscal year figures for the
Treasury'8 "Combined Statement of Receipts, Expenditures and
Balances of the United States Government" and for actual receipts
and expenditures in the "Budget of the United States Government."
The dally statement on the new basis was first issued for
February 17, 195&. In the deposits and withdrawals as shown, no
distinction is made as to the type of accounts (budget, trust,
etc. ). The deposits are on the basis of certificates of deposit
cleared through the account of the Treasurer of the United States.
Total withdrawals are on the basis of ohecks paid or cash dis
bursements made out of the Treasurer's account. Some of the
withdrawal classifications shown are reported on the basis of
mailed reports of checks issued and are adjusted by means of
clearing aocounts to the total of cheoks paid. Except for
relatively minor amounts, noncash interfund and other intragovemmental transactions are excluded. The public debt figures
in the daily statement also are on a "olearance" basis, with the
exception of those Issuance and retirement transactions reported
on the basis of telegrams from Federal Reserve Banks. Noncash
debt transactions are included, however.
The dally statement before February 17, 195^> covered not
only transactions cleared through the Treasurer's aocount but
also certain Government agency transactions whloh were handled
through commercial bank accounts, and included noncash interfund
and other Intragovernmental transactions. It provided Information
similar to that in the present dally statement with respect to the
status of the Treasurer's account, and similar to that in the
present end-of-month daily statement with respect to debt
lssuanoe, retirement, and amount outstanding. Receipts and
expenditures, however, were classified by type of account, and
the budget results shown in the daily statement were used as the
basis for reflecting the results under the President's budget
program as enacted by the Congress.
Receipts were on the basis of deposits as they cleared the
Treasurer's account. Expenditures cleared through the Treasurer's
account were reported on two successive bases. Through 191V6 they
were on the basis of checks paid by the Treasurer of the United
States. Beginning with 19^7» expenditures made through the
facilities of the Treasury Department's Division of Disbursement
were on the basis of checks issued, while certain otHers, prin
cipally those of the Department of Defense and its predecessor
organizations, were on the basis of checks paid. Transactions
handled through commercial bank accounts, consisting of market
transactions in public debt and guaranteed securities, were as
reported by the agencies. Interest on the public debt was in
cluded on a due and payable basis beginning with November 19^9
and on a checks-pald basis prior to that time.
The circulation statement reflects transactions through the
Treasurer's account which affect monetary stooks of gold and
silver and the amounts of coin and currency In the money supply
of the country. It is issued later than the daily statement,
however, and the figures are based on transactions consummated
during the reporting period even though some may not have
cleared the Treasurer's account during that period.
September 1958
Treasury Financing Operations
Weekly Treasury Bills Refunded
Pour new issues of Treasury bills refunded %1.0 billion of
91-day bills in August In equivalent weekly amounts.
The first
two were for $1.7 billion each and the third and fourth for $1.S
billion each.
for
92 days.
The first three were
91-^ay
issues and the fourth was
Average rates of discount on the new issues were 1.16U-
percent for August 7> l ^ 2^ percent for August lM-; 1.395 percent for
August 21; and 2.l6l percent for August 28.
Note:
Details of Treasury market financing operations are shown elsewhere in
this issue of the "Treasury Bulletin," in the tables on "Offerings,"
"Allotments," and "Disposition," respectively, of marketable issues of
bonds, notes, and certificates of indebtedness, and in the table "Offer
ings of Treasury Bills."
September t958
SUMMARY OF FEDERAL FISCAL OPERATIONS
(in millions of dollars)
Budget receipts and expenditures Net of
trust
account
Surplus, and other
Net
Expend
or
receipts
itures
trans
deficit
actions
2/
1/
(-) 2/
S/ 3/
Net
increase
Clearing in
account, public
etc. y debt, or
decrease
(-)
Net
increase in
Treasurer*s
account
Treasurer *
balance, or account
decrease (-) balance
Levels, end of period
Debt outstanding
Public
debt
Subject to
Guaranteed Total
limitation
securities Federal
securities 2/
Fiscal years:
19»*7......
19^8......
19**9......
195 0
195 1
195 2
195 3
195»*......
195 5
195 6
39,786
41,488
37,696
36,495
1*7,568
39,032
33,069
39,507
39,617
44,058
751*
8,419
-1,811
-3,122
3,510
61,391
61*,825
61*-,655
60,390
68,165
65,1+08
74,271+
67,772
6l+,570
66,51+0
195 7
1958 p....
71,029
69,083
-11,136
-5,991*
478
1*,587
-2,135
3,883
6,966
5,189
3,115
-1,623
-2,224
5,816
-10,930
1,624
-1,462
2,047
1,839
-388
-2,299
2,096
-551
331
-956
M59
3,308
i*,932
3,1*70
5,517
7,357
6,969
4,670
6,766
6,216
6,546
-319
-209
-34
376
-21
-2,249
-4,100
1*,331
-423
2,711
7,973
7,777
3,582
2,019
-4,l4l
-405
1 ,111
471
-447
62
1,770
-1,488
603
-635
-117
1,092
224
-1,730
179
-1,286
446
5,153
116
229
-222
407
-131
163
-399
40
-1,271
-1,162
584
3,824
5,987
5,941*
6,279
6,31+7
5,930
5,667
6,501
5,806
5,809
-1,731
-662
5,1*09
-3,290
-802
1,559
-3,370
-979
147
247
-325
-15
-19
96
162
333
70
-938
253
-247
149
333
442
48
354
415
-604
-991
1,226
-4,70 7
1,91*2
1,376
567
-345
679
151
6,0 11
5,528
5,71*9
6,122
5,846
6,581
6,613
-1,225
771
3,753
-2,626
-920
4,170
-65
338
-273
533
-344
257
-13
137
-559
-376
617
-169
-682
290
555
-507
366
483
-214
-4,017
-9,449
-3,117
-4,180
1,626
-1,103
-294
-1*95
99
679
147
435
328
231
-194
69A33
71,897
1,596
-2,813
195
626
-523
530
1*0,389
40,864
37,511*
37,306
52,979
64,840
63,81+1
61,171
63,358
70,99^
72,284
37,955
35,623
1+1,106
37,728
56,337
-350
-229
-502
311
815
-41
101
739
-259
267
-240
199
234
87
-106
71,692
2,434
5,24i
-3,592
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
592
4,809
6,188
10,737
4,256
5,282
11,688
6,095
5,71*3
5,581+
-401
-250
-303
284
522
258,286
274,371*
272,751
90
73
27
20
29
46
52
81
44
74
5,590
9,71*9
270,527
276,31*3
107
101
259,151
266,123
271,341
274,418
272,825
270,634
276,444
3,097
4,208
4,679
1*,232
4,295
6,064
1*,577
5,180
l*,5**5
4,427
4,606
256,900
252,800
257,130
256,708
259,1*19
267,391
275,168
278,750
280,769
276,628
81
55
30
24
42
54
76
31*
53
103
104
256,981
252,854
257,160
256.731
259 A 61
267,445
275,244
278,784
280,822
276.731
275,002
256,127
252,057
256,413
256,026
258,791*
266,821
274,671
278,256
280,348
276,276
276,229
276,269
271*,999
274,008
275,234
270,527
272,469
273,845
274,412
107
109
109
276,335
276,378
275,108
-2,142
308
-250
-1,115
423
2,436
3,265
3,849
7,673
5,532
5,840
5,590
4,475
i*,898
7,335
274,111
275,337
270,634
-3,028
558
-259
1*,307
4,865
4,606
274,067
27I*,747
274,898
103
103
107
107
109
115
103
104
104
272,575
273,951*
271*,527
274,170
274,850
275,002
275,882
275,926
271*,657
273,662
274,889
270,188
272,131
273,511
274,085
-343
124
-2,055
-1,101
888
1,682
3,505
l*,39**
6,076
271*,555
274,679
272,624
101
103
104
274,656
274,782
272,728
274,219
274,31*6
272,294
2,433
595
691
412
-357
3,619
-4,630
6,487
6,130
9,749
275,057
275,653
276,343
275,466
94
97
101
275,151
275,71*9
276,444
274,718
275,317
276,013
102
275,568
275,139
252,292
252,770
257,357
255,222
259,105
266,071
271,260
258.376
252,366
252,798
257.377
255,251
257,1*91
251,51*2
258,507
265,522
270,790
273,915
272,361
270,188
276,013
252,028
256,652
251*,567
1950 (Ket.)*
Calendar years:
19**7.......
1 9 ^ 8 ..........................
19»*9.......
195 0
195 1
1952.
1953.
195^.
1955.
1956.
1957.
1957-Jan...
Feb...
March.
April.
May...
June..
July..
Aug...
Sept..
3,057
5,128
7,225
Oct...
Nov...
Dec...
3,131
4,827
5,956
1958-Jan.
Feb.
March.
4,786
6,299
9,501
'April.
May...
June p
3 ,1+96
^,925
10,751
2 ,91+6
July..
70,682
72,997
61+,851+
66,129
67,216
-3,667
Source: Actual figures through the fiscal year 1952 and the calendar
year 1953 are from the daily Treasury statement, and thereafter in
each case they are from the monthly statement of receipts and ex
penditures of the Government (for explanation of reporting bases,
see page II). More detailed information with respect to the figures
on this page will be found in succeeding tables,
l/ Gross receipts less transfers of tax receipts to certain trust funds
(see page 2 ), and refunds of receipts.
2j Transactions of the Foreign Economic Cooperation Trust Fund, estab
lished under Section 114 (f) of the Economic Cooperation Act of 1948
(62 Stat. 150), are consolidated with budget expenditures.
2_/ Consists of transactions of trust and deposit funds, investment by
Government agencies in public debt securities, and redemption or sale
of obligations of Government agencies in the market; excess of receipts, or expenditures (-). For detail of content, see page 8 .
-877
4/
*
p
5,119
274,898
274,564
273,730
274,411
274,564
For checks outstanding and telegraphic reports from Federal Reserve
Banks beginning with 1947; 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 (-).
For current month detail, see section on '’Statutory Debt Limitation"
in each issue of the Bulletin. The limitations in effect during the
period covered by this table and the date when each became effective
are as followss $275 billion, on June 26, 1946; $281 billion, on
August 28, 1954; $278 billion, on July 1, 1956; $275 billion, on
July 1, 1957; and $280 billion, on February 28, 1958.
Current estimates not yet available.
Preliminary.
Treasury Bulletin
2
BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
(in millions of dollars)
Internal revenue 1/
Fiscal year
or month
Income and profits taxes
Individual
Corpo
ration
2/
195 1
195 2
195 3
195*+...........
1955...........
195 6
195 7
1958 p.........
1959 (Eat.)**...
February...
Not
withheld
2/ a/
2*,218
32, 826
33,012
10,747
21,523
18,265
10,396
21,299
21,531
20,533
486
4o6
6,538
May........
June p.....
476
449
5,906
July.......
479
11,322 2 /
12,302
11,527
"
2 >°tS
658
2,792
640
1,723
258
Employment taxes
13,535
18,521
21,351
21,635
21,254
37,753
51,3^7
5^,363
53,906
**9,915
For old-age
and disa
bility in
surance
2/ it/
3,120
3,569
4,086
4,537
5,3^0
24,012 2/
26,728
27,041
-
56,633
60,560
59,102
-
6,337 2/
6,634
7,733
-
634
616
575
-
325
330
336
-
981
3,953
2,000
3,519
5,1^7
9,196
313
955
632
$
43
792
3,614
1,9^1
4,060
4,702
9,570
703
1,221
774
1,195
1,931
338
17
70
^3
17
Withheld
If
Total
income
and
profits
For rail
road re
tirement
2/
578
735
620
603
600
234
259
277
285
280
3,931
4.562
^,983
5,425
6,220
7,296
7,581
8,644
Taxes not
internal
otherwise
classified revenue
2/
1/
Estate
Excise
and gift taxes
taxes 2/ 21
For un
Total
employment
employ
insurance
ment 2/
6/
9 >23
9,726
10,825
10,014
9,211
10,004
10,638 10/
10,814
945
936
9 8/
7
51,106
65,635
70,171
70,300 8/
66,289
5
15
8
-
75,109
80,172
79,978
-
-
1,171
1,378
1,410
-
269
5
385
1,302
680
112
105
1^3
892
864
860
1
2
4,910
7,421
10,879
2
2
1
722
1,293
818
191
115
96
355
113
2
2
1
2
5,761
7,033
11,380
1
785
922
894
926
-
3,328
Deductions from budget receipts
Fiscal year
or month
Customs Other
Total
refunds
Net
budget
receipts
2,082
2,275
3,095
3,3^5
3,400
3,653
3,894
4,503
15
18
17
20
22
23
20
18
9
9
6
11
4
8
3
2
2,107
2,302
3,118
3,377
3,426
3,684
3,917
4,523
47,568
61,391
64,825
64,655
60,390
68,165
71,029
69,083
-
-
-
-
-
-
-
-
-
36
107
73
79
135
87
19
78
43
17
70
43
151
190
150
6,039
7,33^
11,905
277
848
559
624
1,086
687
-26 16/
233
854
1,676
948
174
1
2
1
1
2
2
*
#
*
*
*
-25
235
855
1,678
950
176
4,786
6,299
9,501
3,496
4,925
10,751
3,624
301
37
17
177
2
1
147
2,946
-
-
-
69
58
69
68
63
66
264
277
234
5,243
7,756
11,182
210
237
459
72
224
July.........
Internal
Revenue
1,479
2,116
1959 (Est.)**......
April.........
May..........
Highway
Railroad
Retirement Trust
Account
Fund
14/
1u
575
738
620
603
599
634
616
575
624
551
613
562
606
705
754
800
March.........
Federal Disa
bility Insurance
Trust Fund
12/
333
863
1951..............
1952..............
1953..............
195^..............
1955..............
1956..............
1957..............
1958 p............
1,639
1,814
1,865
2,311 8J
2,559
3,006
2,749
3,253
Refunds of receipts 15/
Transfers of tax receipts to -
Miscel Total
budget
Customs laneous receipts FOASI
receipts
Trust
1/
Fund
u/
53,369
67,999
72,649
73,173
69,454
78,820
83,675
84,030
3,120
3,569
4,086
^,537
5,040 2/
6,337
6,301
6,870
Source: Actual figures through 1952 are from the daily Treasury state
ment and thereafter from the monthly statement of receipts and ex
penditures of the Government (for explanation of reporting bases
see page II).
1/ For further detail, see tables under "Internal Revenue Collections."
2J Breakdown was not made in the daily Treasury statement and
monthly statement for years prior to 195^•
2/ Beginning January 1951, the distribution of receipts between indi
vidual income taxes and old-age and disability insurance taxes is
made in accordance with provisions of Sec. 201 of the Social
Security Act, as amended (42 U.S.C. 401), for transfer to the
Federal Old-Age and Survivors Insurance Trust Fund (see footnote 11),
and after December 1956 also for transfer to the Federal Disability
Insurance Trust Fund (see footnote 12).
145
168
161
144
4/ Taxes on employers and employees under the Federal Insurance Contri
butions Act, as amended (26 U.S.C. 3101-3125), and, beginning with the
taxable year 1951, tax on self-employed individuals under the SelfEmployment Contributions Act, as amended (26 U.S.C. 1401-1403). The
Social Security Act Amendments of 1956, approved August 1, 1956, in
creased the rates of tax applicable to wages paid and taxable years
beginning after December 31, 1956, to provide for disability in
surance (see footnote 22).
Taxes on carriers and their employees under the Railroad Retirement
Tax act, aa amended (26 U.S.C. 3201-3233).
6/ Tax on employers of 4 or more under the Federal Unemployment Tax Act,
as amended (26 U.S.C. 3301-3308); with respect to services performed
before January 1, 1956, the tax was imposed on employers of 8 or more.
Remaining footnotes on following page.
3
September 1958
__BUDGET RECEIPTS AND EXPENDITURES —
Footnotes to Table 1 - (Continued)
2/ Through 1953, contributions to the Railroad Unemployment Insurance
Administration Fund were carried in the daily Treasury statement as
miscellaneous receipts, while the 1959 Budget document, Special
Analysis K, includes them in employment taxes through 1952. Begin
ning 195^ the contributions are credited direct to the trust account.
For amounts of the contributions included in budget receipts, see
"Treasury Bulletin" for February 195*S P&ge 7.
8/ In the 1959 Budget docurient, Special Analysis K, internal revenue
taxes not otherwise classified are included in miscellaneous
receipts.
2/ Beginning 1955, the figures shown reflect adjustments to correct
prior estimates (see footnote 11), in millions of dollars as follows:
Fiscal year
or month
1955
1956
1957
1958“January
April
Income
tax withheld
-^1+9
+136
-116
-106
Income tax
not withheld
Old-age insurance
taxes transferred
-
-300
-2*4-6
-13^
+123
+11U
-1
-7
-8
10/ Beginning 1957, includes collections under increased rates in the
Highway Revenue Act of 1956 (see footnote lU).
ll/ Amounts appropriated to the Federal Old-Age and Survivors Insurance
Trust Fund are equivalent to the amounts of taxes collected and
deposited for old-age insurance {k2 U.S.C. bOl (a)). Beginning
January 1951, the amounts transferred currently for appropriation
to the trust fund are based on estimates of old-age insurance
tax receipts made by the Secretary of the Treasury pursuant to the
provisions of Sec. 201 (a) of the Social Security Act, as amended
(U2 U.S.C. U01 (a)), and are adjusted in later transfers on the
basis of wage and self-employment income records maintained in the
Social Security Administration. The amount of old-age insurance
tax refunds is paid from the trust fund as a reimbursement to the
general fund.
12/ The Federal Disability Insurance Trust Fund was established by the
Social Security Act Amendments of 1956, approved August 1, 1956
(U2 U.S.C. U01 (b)). The act appropriated to the trust fund amounts
13/
lkj
15/
16/
*
**
p
equivalent to specified percentages of the wages and self-employment
income, respectively, which are taxed for old-age insurance, and
provided that the amounts appropriated should be transferred from
time to time to the trust fund on the same basis as transfers to
the Federal Old-Age and Survivors Insurance Trust Fund. Rates of
tax were increased by the percentages appropriated to the Federal
Disability Insurance Trust Fund, the increase being applicable to
wages paid and taxable years beginning after December 31, 1956.
Excludes the Government’s contribution for creditable military
service (*f5 U.S.C. 228c-l (n)). Beginning 1952, amounts are
appropriated to the Railroad Retirement Account equal to the amount
of taxes under the Railroad Retirement Tax Act deposited in the
Treasury, less refunds, during each fiscal year (65 Stat. 222 and
66 Stat. 371), and- transfers are made currently. Previously,
annual appropriations were based,in effect, on estimated tax
collections, with any necessary adjustments made in succeeding
appropriations.
The Highway Revenue Act of 1956, approved June 29, 1956 (23 U.S.C.
173) established a Highway Trust Fund from which are to be made,
as provided by appropriation acts, Federal-aid highway expenditures
after June 30, 1956, and before July 1, 1972. The act appropriated
to this fund amounts equivalent to specified percentages of receipts
from certain excise taxes on motor fuels, motor vehicles, tires and
tubes, and use of certain vehicles, and provided that the amounts
appropriated should be transferred currently to the trust fund on
the basis of estimates by the Secretary of the Treasury with proper
adjustments to be made in subsequent transfers. The use tax was
imposed by the act and rates were increased for the other taxes.
Previous to the fiscal year 1957 corresponding excise tax receipts
were included in net budget receipts, and Federal-aid highway
expenditures were included in budget expenditures.
Interest on refunds is included in expenditures in Table 2. Reim
bursement by Federal Old-Age and Survivors Insurance Trust Fund
for refunds of taxes for the fiscal year (see footnote 1 1 ) is
netted against internal revenue refunds for the month in which
the reimbursement is made.
Net of reimbursement of $72 million from the Federal Old-Age and
Survivors Insurance Trust Fund (see footnote 15).
Less than $500,000.
Current estimates not yet available.
Preliminary.
k
Treasury Bulletin
—
________________________________BUDGET RECEIPTS AND EXPENDITURES______-____________________________
Table 2.- Expenditures by Agencies
(in millions of dollara)
Fiscal year
or month
Legislative Judiciary
branch
Total
1953................
195^................
1955................
1956................
1957................
1958 p ...... .......
74,27U
67,772
64,570
66,540
69>33 3/ 4/
71,897 6/
1959 (Est.)**........
-
July...........
Executive
Office
of the
President
Funds
appropriated
to the
President
Independent
offices
General
Services
Adminis
tration
Housing
and Home
Finance
Agency
1,107
806
973
523
570
425 8/
385
-615
129 2/
39
-23
197
27
28
30
37
39
44
9
9
9
10
10
11
-
-
-
-
-
-
-
-
-
8
7
4
1
1
1
448
272
462
36
31
32
71
-49
-15
1
1
1
340
336
294
700
670
673
662
692
729
39
37
34
157
49
-158
263
257
354
449
245
500
6
453
749
43
37
646
44
51
59
54
55
51
72
6,011
5,528
5,749
6,122
5,846
6,581 6/
6
8
10
4
3
3
4
4
4
6,613
12
5
Military
functions
Health,
Education,
and
Civil
functions Welfare
Department
1953............
1954............
1955............
1956............
1957............
1958 P..........
43,611
40,336
35,532
35,791
38,439
39,010
813
605
548
573
639
738
1,920
1,981
1,993
2,071
2,295
2,645
1959 (Est.)**....
-
-
-
3,143
3,16 8
3,068
55
42
45
3,205
3,214
3,853
53
51
99
32
May.........
June p ......
3,175
Commerce
Department
61
59
65
85
97
99
5,782
5,282
4,381
4,473
4,115
4,060 2/
6,905
6,473
6,791
6,982
7,707
8,319
1/
2J
4/
v
Defense Department
Fiscal year
or month
Agriculture
Department
Interior Justice
Depart Depart
ment
ment
Labor
Depart
ment
Post
Office
Depart
ment 2/
State
Depart
ment
1,063
1,000
1,077
1,293
562 2/ 5/
646
3,217
2,915
4,636
5,177
5,006
4,887
Treasury Department
Interest
On
public
debt 10/
On
refunds
of taxes
Other
District
of
Columbia
11/
171
183
182
216
214
229
300
355
394
412
418
567
659
312
356
463
518
675
271
156
136
142
179
203
6,504
6,382
6,370
6,787
7,244
7,612
74
83
62
54
57
74
-
-
-
-
-
-
-
-
244
196
212
46
61
42
18
18
18
86
32
22
70
83
70
21
15
15
693
606
616
4
5
6
55
59
61
255
221
185
246
53
61
54
20
24
22
55
117
68
22
28
-8
17
52
613
595
619
642
5
7
7
6
77
62
101
72
48
74
91
104
•*
1
*
76
8
587
535
515
512 3/
572
666
Source: Actual figures are from the monthly statement of receipts and ex
penditures of the Government (for explanation of reporting bases, see
page II).
Note: Figures in this table are for agencies as constituted at the time
the expenditures were made, and therefore do not necessarily represent
functions which are comparable over a period of time. For expenditures
by functions on a consistent basis, see Table 4.
1/ Reconstruction Finance Corporation is included under "Independent
offices" through 1954, and under "Treasury Department" beginning 1955,
except functions transferred to Export-Import Bank, Federal National
Mortgage Association, General Services Administration, and 3nall
Business Administration. The corporation was abolished at the close
of June 30, 1957, by Reorganization Plan No. 1 of 1957, and its
remaining functions were transferred to the Housing and Home Finance
Administrator, Administrator of General Services, Administrator of
Snail Business Administration, and Secretary of the Treasury.
2/ Federal Home Loan Bank Board is included under "Housing and Home
Finance Agency" through 1955, and under "Independent offices"
thereafter.
2/ Beginning 1957, Federal aid for highways is excluded from budget
expenditures and Included in trust account expenditures(see Table l).
4/ Effective January 1, 1957, the production credit corporations were
merged in the Federal intermediate credit banks, pursuant to the
Farm Credit Act of 1956, approved July 26, 1956 (12 U.S.C. 1027),
5/
6/
j/
8/
£/
10/
ll/
*
**
p
156
798
873
368 1/
879 1
748 8/
768
12
13
22
22
26
25
-
and operations of the merged agencies (as mixed-ownership corpora
tions) were classified as trust enterprise funds (see "Trust Account
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.
Alaska road construction is included under Interior Department
through 1956 and under Commerce Department beginning 1957.
Includes unclassified expenditure transfers until these have been
distributed in final figures.
Figures for the fiscal year reflect the reclassification of the
Informational Media Guarantee Fund from "Funds appropriated to the
President" to "Independent offices"; the monthly figures prior to
April 1958 have not been revised accordingly.
Effective July 1, 1957, remaining functions of the Federal Facilities
Corporation were transferred to General Services Administration from
the Treasury Department, by Executive Order 10720 of July 11, 1957.
Beginning 1955, consists of net expenditures of the Postal Fund,
reflecting the change in classification of Post Office transactions
to a public enterprise revolving fund basis.
Reported on an accrual basis effective June 30, 1955.
Consists of Federal payment and loans and advances.
Less than $500,000.
Current estimates not yet available.
Preliminary.
September 1958
5
.BUDGET EECEIPTS AND EXPENDITURES .
Table 3.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of July 31, 1958
_______________________ (in millions of dollars; negative figures are deductions In the columns in which they appear)
Agency
Legislative Branch.............................
The Judiciary..................................
Executive Office of the President................
Funds appropriated to the President...............
Independent Offices............................
General Services Administration..................
Housing and Home Finance Agency..................
Agriculture Department..........................
Commerce Department............................
Defense Department:
Military functions............................
Civil functions..............................
Undistributed foreign transactions..............
Health, Education, and Welfare Department.........
Interior Department............................
Justice Department.............................
Labor Department...............................
Post Office Department..........................
State Department....................... .......
Treasury Department............................
District of Columbia - Federal contribution and loans
Unclassified expenditure transfers...............
Adjustment to monthly statement of receipts and
expenditures of the government..................
Total.........................................
Uhexpended
balances
brought
forward
July 1, 1958
(Preliminary)
1/ 2/
Additions, fiscal year 1959 to date
Increases
Other
authori
zations and
obligatlonal
authority 2 /
174
3
60
5,915
12,087
368
8,656
^,995
745
125
^5
54
3,304
8,421
470
186
3,8 81
932
32,289
295
40,957
848
969
362
27
632
46o
103
3,116
45
2,544
669
228
507
544
208
8,297
28
71,303
72,248
Deductions, fiscal
year 1959 to date
Agency
Expenditures
(net)
Executive Office of the President.....................
Funds appropriated to the President....................
Independent Offices..................................
General Services Administration.... ...................
Housing and Home Finance Agency.......................
Agriculture Department...............................
Commerce Department..................................
Defense Department:
Military functions.................................
Health, Education, and Welfare Department...............
Interior Department..................................
Post Office Department...............................
State Department....................................
District of Columbia - Federal contribution and loans....
Adjustment to monthly statement of receipts and
expenditures of the government................ .......
Transfers,
borrowings,
investments
6/
Authorizations
Appropriations to expend
from debt
1/
receipts 4/
3,040
32
156
246
72
22
104
156
52
723
8
*
6 2/
6,613
Source: Bureau of Accounts.
l/ The preliminary balances shown for July 1, 1958, are the latest available
at this time. They are based on preliminary reports from the agencies
and are subject to later adjustments as additional information is received,
preparatory to the closing of the central accounts in the Treasury for
fiscal year 1958. Among the areas subject to later adjustment are the
following: certain overseas transactions not yet included; write-offs
or withdrawals of unobligated balances no longer available, since
agency reports covering these transactions are not required by law to
to be submitted until September 30 (the write-offs in the fiscal year
1957 amounted to $2 .5 billion); certain indefinite appropriations,
and appropriations for "supplies, materials, and equipnent" under
-
-
51
-43
1
.
-
150
1
669
51
4
36
40,957
848
2,544
693
228
507
544
208
8,297
28
24
73,167
99
Unexpended balances July 31, 1958 (preliminary)
Rescissions,
cancel
lations, and
other adjust
ments j/
6
5
6
432
749
43
37
646
72
108
45
54
3,304
8,571
470
238
4,55*+
968
-17
Appro
priations
189
44
108
8,287
10,213
795
345
2,413
1,431
70,206
1,111
-156
3,264
903
233
1,035
848
259
7,901
65
*
-
-6
9
109,490
Authori
zations
to expend
from debt
receipts
y
500
9,323
6,811
6,450
.
2,789
25,874
Uhfunded
contract
authori
zations
87
Invest
ments
held
8/
-
-
-
-
-
1,146
39
210
_
3
80
-
322
598
_
-
Total 2/
276
44
108
8,787
19,858
795
8,900
8,902
1,641
70,206
1,111
-156
3,267
983
233
1,035
848
259
10,690
65
*
-
-
-6
1,564
920
137,848
the accelerated procurement program, included on the basis of
Budget estimates instead of final figures; other transactions,
including those relating to (a) authorizations to expend from debt
receipts, (b) contract authorizations, (c) investment in public
debt securities, and (d) restorations and reappropriations, which
may require adjustment on the basis of final reports fl-om the
agencies.
2j Although not expended, a substantial portion of these amounts is
obligated for outstanding purchase orders and contracts for
equipment and supplies, for payrolls, and for similar items.
Remaining footnotes on page 7-
Treasury Bulletin
6
.budget
receipts a nd e x p e n d i t u r e s .
Table 4.- Expenditures by Functions
_______(Fiscal years; In millions of dollars)
Function
code
number
Major national security:
Direction and coordination of defense.................
Air Force defense..................................
Army defense.......................................
Naval defense......................................
Other central defense activities.....................
Development and control of atomic energy..............
Stockpiling and defense production expansion...........
Mutual defense assistance:
Military assistance...............................
Defense support 1J................................
Total major national security........................
International affairs and finance:
Conduct of foreign affairs...........................
Economic and technical development 1/ 2J ..............
Foreign information and exchange activities............
051
052
053
054
055
056
057
058
151
152
153
Total International affairs and finance........ .......
Veterans* services and benefits:
Veterans* education and training \J...................
Other veterans' readjustment benefits bj..............
Veterans' compensation and pensions...................
Veterans' insurance and servicemen's indemnities........
Veterans’ hospitals and medical care..................
Other veterans' services and administration............
Total veterans' services and benefits.................
Labor and welfare:
Labor and manpower..............................
Public assistance..................................
Promotion of public health...........................
Promotion of education
...........................
Promotion of science, research, libraries, and museums ^/.
Correctional and penal institutions... ...............
Other welfare services and administration..............
101
102
103
104
105
106
Natural resources:
Conservation and
Conservation and
Conservation and
Conservation and
Recreational use
General resource
development of land and water.........
development of forest resources........
development of mineral resources.......
development of fish and wildlife.......
of natural resources.................
surveys and administration...........
Footnotes at end of table.
13
16,407
8,899
9,733
481
1,857
944
14
16,749
8,702
9,7^
582
1,651
588
14
18,363
9,063
10,398
602
1,990
490
16
18,430
9,041
10,877
651
2,275
625
6
1,^99
613
1,019
59
222
40
3,629
967
47,872
2,292
1,^63
42,089
2,611
1,184
41,825
2,352
1,143
44,414
2,18 1
871
44,968
29U
67
3,819
130
543
91
121
498
100
120
^31
111
157
542
133
174
912
147
50
95
9
765
719
662
832
1,234
155
546
158
2,482
100
782
188
4,256
664
150
2 ,68l
57
727
178
767
123
2,798
105
788
176
4,756
11b
126
2,870
47
801
175
M93
790
75
3,104
^3
855
157
5,026
U3
11
266
4
86
21
*31
4,457
1,689
256
217
244
150
2,557
401
402
403
404
405
409
Total commerce and housing............................
General government:
Legislative functions............................
Judicial functions..............................
Executive direction and management................
Federal financial management.....................
General property and records management............
Central personnel management and employment costs...
Civilian weather services.........................
Protective services and alien control..............
Territories and possessions, and District of Columbia.
Other general government.........................
Total general government.........................
12
15,668
12,910
11,293
452
1,895
1,045
351
352
353
354
355
511
512
513
514
515
516
517
518
519
520
521
601
602
603
604
605
606
607
608
609
610
1959
through
July
1956
2,485
Total natural resources.............................
Commerce’and housing:
Promotion of water transportation.....................
Provision of highways...............................
Promotion of aviation........................... .
Postal service.....................................
Community development and facilities 10/ 11/...........
Public housing programs 12/..........................
Other aids to housing lo7~13/........................
Other aids to business 14/15/.......................
Regulation of commerce and finance....................
Civil defense......................................
Disaster insurance, loans, and relief 16/..............
1958 p
1955
328
1,428
275
324
53
28
115
2,552
211
212
213
214
215
216
217
Total labor and welfare.............................
Agriculture and agricultural resources:
Stabilization of farm prices and farm income 6/........
Financing farm ownership and operation 2J jJ...........
Financing rural electrification and telephones.........
Conservation and development 2/......................
Research, and other agricultural services 2/...........
Total agriculture and agricultural resources...........
195^
1957
458
1,797
546
300
87
34
158
154
U9
36
14
4
11
2,776
400
1,558
469
290
71
32
147
2,966
3,381
356
3,508
236
204
286
177
4,411
3,946
231
217
305
215
4,913
3,511
227 8/
267
351
227
4,582 8/
3,33^
269
297
447
274
4,620
467
13
27
75
48
630
1,056
117
37
38
33
35
1,315
935
118
37
43
35
3b
1,202
803
138
38
45
44
35
1,104
925
162
62
51
59
38
1,138
174
59
60
69
44
83
14
5
6
9
7
1,296
1,543
370
586
275
332
37
-401
-142
-330
45
60
1
8l4
349
647
253
356
56
-115
270
-4o4
38
42
12
1,502
420
783
251
463
4
31
19
-83
41
56
^3
2,028
49
29
11
449
155
93
26
160
53
213
1,239
60
31
12
^31
164
115
25
157
67
139
1,201
77
38
12
475
164
334
34
188
69
238
1,629
277
1,^39
290
273
33
26
147
1
(Continued on following page)
475
1,457
351
279
56
31
126
1,^53 2/
392
31
404
675
78
52
195
140
49
64
5
2,085
298
90
40
12
476
194
627
38
187
74
51
1,789
88
44
8
502
240
140
39
199
73
19
1,353
3
5
1
59
29
13
5
19
11
3
148
365
40 2/
295
518
49
60
-60
59
45
63
21
31
4
50
156
-1
14
26
7
6
4
*
September 1958
7
.BUDGET EECEIPTS AND EXPENDITURES.
Table 4.- Expenditures by Functions - (Continued)
(Fiscal years; In millions of dollars)
Function
Interest:
Interest on the public debt............
Interest on refunds of receipts........
Interest on uninvested funds...........
Function
code
number
651
652
653
1951*
1956
1955
1957
1958 P
1959
through
July
6,382
83
5
6,370
62
5
6,78 7
54
6
7,244
57
6
7,612
74
8
642
6
*
Total interest...................... .
6,470
6,438
6,846
7,308
7,694
648
-
-
-
Total net budget expenditures..,.........
67,772
64,570
66,540
Source: Figures for 195^-57 are from the 1959 Budget of the United States
Government, Special Analysis K; figures 1958-59 are based on reports
by Government disbursing officers and are classified by individual
appropriation items. Expenditures are net of public enterprise fund
receipts.
1/ The defense support part of functional code 058 represents a reclassi
fication of certain appropriations previously included under functional
code 152.
See footnote 6 .
Expenditures 1958-59 include those made from "Readjustment Benefits,
Veterans' Administration," applicable to functional classification 102,
the separate amounts of which cannot be readily determined.
See footnote 3 .
% Educational activities of the National Science Foundation, previously
included under functional code 215, have been reclassified to functional
code 214.
6 Expenditures 1958-59 include those for emergency assistance to Pakistan
--wheat,
to friendly peoples, applicable to functional classification
152; for emergency feed program--cost of commodities, applicable to
functional classification 352; for loan to Secretary of Agriculture for
conservation program, applicable to functional classification 354; and for
transfers and other costs for eradication of foot-and-mouth disease and
brucellosis in cattle, applicable to functional classification 355- These
expenditures were made from "Commodity Credit Corporation Capital Fund"
and the separate amounts cannot be readily determined.
li Expenditures 1958-59 include those for farm housing made from "Loans,
Farmers' Home Administration, Agriculture," applicable to functional
classification 517, the separate amounts of which cannot be readily determined.
/
69,433 8/ 2/
-6
6
71,897
6,613
8/ For shift of Federal intermediate credit banks from budget to
trust account classification effective January 1957, see
Table 2, footnote 4.
Excludes
Federal-aid highway expenditures, which are made from
2/
the Highway Trust Fund beginning with 1957 (see Table 1, foot
note 14); corresponding expenditures for previous years are
included in budget expenditures.
10/ See footnote 12.
See footnote 15.
12j Expenditures 1958-59 include those for community facilities grants, loans, and advances, applicable to functional classi
fication 515; and loans for Alaska and prefabricated housing
applicable to functional classification 5 1 7 . These expend
itures were made from "Revolving Fund, Liquidating Programs,
Office of the Administrator, Housing and Home Finance Agency"
and the separate amounts cannot be readily determined.
See footnote 7*
2dJ Expenditures 1958-59 include those for disaster loans and
relief made from "Revolving Fund, Snail Business Administration,'
applicable to functional classification 521, the separate
amounts of which cannot be readily determined.
Expenditures
1958-59 include those for lending program—
12/
public agencies, made from "Reconstruction Finance Corporation
Liquidation, Treasury" and applicable to functional classifi
cation 515, "the separate amounts of which cannot be readily
determined.
16/ See footnote 14.
Less than $500,000*
P Preliminary.
Footnotes to Table 3. - (Continued)
Footnotes 1 and 2 follow Table 3.
3_/ Figures include all new appropriations made by the 85th Congress, 2nd
Session, but exclude funds appropriated for fiscal year 1959 which were
made available immediately upon the enactment. Any such amounts are
allowed for in the balances brought forward July 1, 1958.
4/ Consists of authorizations by law for Government-owned enterprises to
borrow either (l) from the Treasury (to expend from public debt
receipts), or (2 ) from the public (to expend from debt receipts).
2/ Consists of other authorizations and obligational authority established
by law for the current fiscal year (such as new contract authority),
net of appropriations applied to contract authorizations.
6j Consists of transfers between appropriations; net borrowings from,
or repayments to (-), the Treasury and the public under authority to
expend from debt receipts; and net investment In, or sale of
(-), public debt securities and certain guaranteed securities
issued by Government enterprises.
Consists of transfers to, or restorations from (-), the surplus
fund; rescissions, cancellations, and adjustments of borrowing
authority and contract authorizations; capital transfers to
miscellaneous receipts; and other adjustments.
8/ Public debt securities, and certain guaranteed securities
issued by Government enterprises.
2J This adjustment represents the difference between the monthly
statement figures (based on preliminary reports) and the final
accounts submitted by disbursing officers.
*
Less than $500,000.
Treasury Bulletin
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 1.- Summary of Trust Account and Other Transactions
Fiscal year
or month
(in millions of dollars)
Trust and deposit fund accounts
Net receipts, or
expenditures (-),
from trust account Net receipts, or
Expenditures
Receipts
expenditures (-)
and other trans
1/
actions
1951...................
1952...................
1953...................
1954...................
1955...................
1956...................
1957...................
1958 p.................
679
147
1+35
328
231
-194
195
626
1959 (Est.)*............
-65
338
-273
May................
3,852
3,855
3,760
2,386
991 2/
2,250
1,1+09
21+6
7,796
8,807
8,929
9,155
9,536
Net sale, or investment
(-), by Government
agencies in public debt
securities 1/
3,945
4,952
5,169
6,769
8,545 2J
Net sale, or redemption
(-), of securities of
Government agencies in the
market
384
-72
-25
-4
602 2J
-3,557
-3,636
-3,301
-2,054
-1,362 2J 27
11,685
14,369
16,326
9,435
12,959
16,081
-2,617
-2,300
-197
173
1,085
577
-
-
-
-
-
820
1,684
1,127
1,651
1,317
1,564
541
-171
64
-13
137
-559
-831
367
-437
-11+7
768
493
1,331
2,131
2,066
1,479
1,363
1,574
-376
-675
1,111
1,786
279
-597
-333
330
225
142
101
-144
-34
-719
-31
enterprises are included in deposit fund account expenditures (net)
and excluded from net investment by Government agencies in public
debt securities (see Table 4) and from net redemption or sale of
obligations of Government agencies in the market (see Table 5).
Figures previously published for the fiscal year 1955 have been
revised to the new classification basis.
2/ Includes guaranteed securities beginning 1955 (see Table 4).
* Current estimates not yet available,
p Preliminary.
Source: Actual figures through 1952 are from the dally Treasury state
ment and thereafter from the monthly statement of receipts and ex
penditures of the Government (for explanation of reporting bases, see
page II).
1J Prior to 1951 net investment in public debt securities by certain
trust accounts and by deposit fund accounts is included in trust and
deposit fund account expenditures and excluded from net investment by
Government agencies.
2J Under a revised classification in the monthly statement, effective
July 1, 1955, the security transactions of Government-sponsored
Table 2.- Trust Account Receipts
(In millions of dollars)
Fiscal year
or month
1951...................
1952...................
1953...................
1954...................
1955...................
1956...................
1957...................
1958 p.................
1959 (Est.)*............
May...............
June.p.............
Total
7,796
8,807
8,929
9,155
9,536
11,685 4/
14,369
16,326
Federal Old-Age
and Survivors
Insurance Trust
Fund
3,411
3,932
4,516
5,080
5,586
7,003
7,159
7,901
Federal
Disability
Insurance
Trust Fund 1/
339
941
Railroad
Retire
ment
Account
tiiemploy- National
ment
Service
Trust
Life Insur
ance Fund
Fund
678
850
742
737
700
739
723
695
1,542
1,643
1,594
1,492
1,425
1,728
1,912
1,855
684
786
637
619
590
649
608
640
Government Government Highway
Life
employees’ Trust
Insurance
retirement Fund
Fund
funds
2/
86
850
912
87
961
79
691
78
708
78
1,025
73
1,482
69
1,397
2,134
68
1,457
Other trust
accounts
2/
545
597
401
457
449
467 4/
681
635
-
-
-
-
-
-
-
-
-
-
820
1,684
1,127
341
898
6l4
44
177
28
96
405
155
3
3
2
123
119
105
151
190
150
768
1,138
917
427
25
86
45
20
72
133
141
45
42
38
1,331
2,131
2,066
36
120
75
84
155
100
39
38
205
40
2
2
41
123
111
295
116
145
168
172
53
51
70
54
40
47
69
1,1 1 1
38
Source: See Table 1.
1/ See "Budget Receipts and Expenditures," Table 1, footnote 12.
2j See "Budget Receipts and Expenditures," Table 1, footnote 14.
2/ Includes District of Columbia receipts from taxes and from Federal
contributions, loans, and grants; Indian tribal funds; increment
resulting from reduction in the weight of the gold dollar; and
through 1950 seigniorage on silver under the Silver Purchase Act of
1934. Thereafter any such seigniorage is included with other
seigniorage under budget receipts. Beginning with the fiscal year
99
3
177
1954, the Railroad Unemployment Insurance Administration Fund is
classified as a trust account, instead of being handled through
budget accounts as formerly (see "Budget Receipts and Expenditures
Table 1, footnote 7).
4/ Does not include donation of public debt securities amounting to
$1+5,800 (par value); see also Table 4.
* Current estimates not yet available,
p Preliminary.
9
September 1958
________ TRUST ACCOUNT AND OTHER TRANSACTIONS_________
Table 3*- Trust and Deposit Fund Account Expenditures
(In millions of dollars; negative figures are excess of credits)
Trust accounts, and trust enterprise funds (net)
Total
trust
accounts,
etc.
Fiscal year
or month
Total
1951................
1952................
1953................
195^................
1955................
1956................
1957................
1958 p...............
3,9*+5
4,952
5,169
6,769
8,5^5 1/
9,*+35 2/
12,959
16,081
1959 (Est.)**.........
1958-January...... .
Federal Old-Age Federal
Disability
and Survivors
Insurance Trust Insurance
Fund
Trust Fund
_
9,197
12,743
16,159
1,569
2,067
2,750
3 >05
4,487
5,551
6,723
8,116
-
-
-
1,651
1,317
1,564
720
668
697
129
724
717
16
18
19
20
20
29
841
19
**,139
5,298
5,698
7,327
8,489
May.............
June p..........
l,*+79
1,363
1,57*+
1,487
1,492
1,532
1,381
l,b23
1,628
July............
1,786
1,606
Unemploy
Railroad
Retirement ment
Trust
Account
Fund
-
-
1
181
Trust enterprise funds (net)
Federal
intermedi
ate credit
banks
Federal National Mortgage Assoc. 4/
Financing by
Treasury
Other
operations
1951.........
1952.........
1953.........
195*+.........
1955.........
1956.........
1957.........
1958 p .......
>
127
224
.
-93
-94
4i
3
_
9
206
929
101
1959 (Est.)**..
-
-
1958-Jan....
Feb....
Max....
Apr....
May....
June p...
7
*+3
51
66
62
62
-51
70
54
34
July...
Other trust
accounts and
trust enter
prise funds
2/
Highway
Trust
Fund
900
1,049
1,010
l,7*+5
1,965
1,393
1,644
3,148
614
996
588
623
538
512
515
545
77
82
82
147
84
271
300
363
411
430
87
86
121
507
591
699
_
966
1,602
-
-
-
-
-
-
63
61
62
344
331
418
49
46
42
7
7
6
65
56
61
112
118
97
64
63
63
426
377
348
51
47
49
30
15
8
59
59
58
90
109
217
63
320
49
11
57
204
Deposit fund accounts (net)
Government-sponsored enterprises
Total
deposit
fund
accounts
Total
Other
deposit
Investment in Redemption of
Other
fund
public debt agency obligations expendi
accounts
in the market
securities
tures
6/
6/
170
6/
6/
6/
-269
548
39
460
-872
-86
167
310
-395
-120
-437
99
334
39
-619
-
-
-
-
-
164
-175
32
-2
8
-10
422
13*+
78
19
121
214
97
-60
-54
180
7
4
-3
-2
97
22
-192
-8
-91
-30
112
-443
-247
-302
1
12
77
78
166
-183
43
90
-64
-51
182
387
*+13
441
*+95
483
425 2/
438
690
-194
-346
-529
-558
56 1/
238
216
-79
-
-
-
-144
-26
177
54
36
-23
-56
-96
-164
102
38
49
46
69
64
-19
-36
61
Source: See Table 1.
1/ Includes security transactions of Government-sponsored enterprises
beginning 1955 (see Table 1, footnote 2).
2/ Does not include revolving fund receipts representing acquired
securities amounting to $1,64-3,070 (par value); see also Table 4.
jJ Operated as a trust enterprise fund beginning January 1, 1957, at
which time the production credit corporations were merged in the
Federal intermediate credit banks, pursuant to the Farm Credit Act
of 1956 (12 U.S.C. 1027); previously the banks and corporations,
respectively, were classified as public enterprise funds, and
were included net in budget expenditures.
bj Secondary market operations, as provided in the Housing Act of 195**-,
approved August 2, 1954 (12 U.S.C. 1719). Funds provided by the
Treasury (-), or repaid to the Treasury, are shown in a separate
Government
employees'
retirement
funds
321
391
465
502
585
611
682
730
Trust accounts, etc. - (Cont.)
Fiscal year
or month
National
Government
Service Life Life
Insurance
Insurance
Fund
Fund
310
-395
-120
-437
* u
10
-8
8
6/
-73
-505
49
-410
-121
56
229
224
-87
column (and correspondingly are reflected net in budget expendi
tures) .
Includes District of Columbia operating expenditures; Indian tribal
funds; expenditures chargeable against increment on gold; and trust
enterprise funds (net) which are not shown separately. The Railroad
Unemployment Insurance Administration Fund is included beginning
with the fiscal year 1954 (see Table 2, footnote 3 ), and the Federal
Employees Insurance Fund (net) from its establishment in August 1954.
6/ Excluded from deposit fund account expenditures and included with
similar security transactions of other agencies (see Tables 4 and
5).
*
Less than $500,000.
** Current estimates not yet available.
p
Preliminary.
2/
Treasury Bulletin
___________________ TRUST ACCOUNT AND OTHER TRANSACTIONS__________________________________
Table 4.- Net Investment by Government Agencies in Public Debt Securities
(in millions of dollars; negative figures are excess of sales)
Trust accounts
Fiscal year
or month
Total
1951.......
1952.......
1953.......
195^.......
1955.......
3,557
3,636
3,301
2 ,051+
1,362 2/
1956.......
1957.......
1958 p.....
2 ,6 17 5 /
2,300
197
Federal OldAge and
Total
Survivors
trust
Insurance
accounts
Trust Fund
1,678
3,369
1,950
3,355
3,068
1,5^5
1,688 2/
1,522
1 ,21+1 y
1,236
2,516 5/
2,263
106
Federal
Disability
Insurance
Trust Fund
Railroad
Retire
ment
Account
Unemploy
ment
Trust
Fund
National
Service
Life
Insurance
Fund
91+
-21+5
59
23
73
Government
Life
Insurance
Fund
357
1+1+9
280
202
1U1
650
583
590
-21+8
-5I+5
1,^63
220
-1+99
325
729
121
36
-33
258
21k
-1,255
135
89
95
Government
employees* Highway
retirement Trust
Fund
funds
-16
-16
-56
573
62k
588
252
31^
51+8
803
671
_
1+01+
1+18
_
99
*
-
-
*
-5
*
6
8
1
-2
-65
-1
1959 (Est.)**
-
-
-
-
-
-
-
-
-
-
1958-Jan...
Feb...
Mar...
Apr...
May...
June p..
-5U
171
-61+
-316
70
12
30
372
31
37
59
$1
69
100
95
-36
26
-8
-53
12
72
-311+
-ll+6
-380
-358
1+5
-221+
-2
-1+
-3
-9
-11
15U
-3
-5
-1+
-279
597
333
-559
163
-118
-268
589
31^
-33
-7
32
51+
62
79
1+2
1+7
221+
27
101
99
35
35
-61
July....
-330
-311+
-289
31
71
-230
-6
-6
72
^3
Fiscal year
or month
Total
public
enterprise
funds
Federal
Housing
Adminis
tration
Federal
intermediate
credit banks
1/
Other
Total
Governmentsponsored
enterprises
1951.......
1952.......
1953.......
195^.......
101+
101
79
-77
52
21
59
-86
1955.......
1956.......
1957.......
1958 p.....
126
101
36
91
1959 (Est.)**
-
1958-Jan...
Feb...
Mar...
Apr...
May...
June p..
July....
Public enterprise funds
Production Federal
National
credit
Mortgage
corpo
rations l/ Associa
tion 6/
_
5
37
71
3
1+
8
-1
-3
-
Federal
intermedi Other
ate credit trust
accounts
banks l/
_
-
-
*
-
-
9
-6
9
1
11+
8 2/
28
36
9
-5
-8
-1
Government-sponsored enterprises
Federal
Savings and
Loan Insur
ance Corp.
Banks
for
coopera
tives
_
*
5
9
11
7
9
11
-2
3
81+
179
153
1+1+3 2/
7
9
11+ 8/
11+
170
51+8
39
1+60
-10
2
-1
Federal
Federal
Deposit
home
Insurance loan
Corp.
banks
Federal
land
21
95
61
311+
_
18
98
10U
10k
115
82
1+25
-67
3^5
#
19
1
#
62
81+
87
102
Memorandum jj
10
-60
-
*
-2
—1*-0
~
1
10
25
6
13
15
18
19
-
-
-
-
-
-
-
-
-
-
-
18
8
51+
-10
7
19
22
5
9
-10
2
11
_
-
_
-
*
*
1+1
-5
1
3
1+
2
3
3
1+
3
2
1
1
1
1
2
1+22
131+
78
97
22
-192
_
-
70
6
1+
2
11
352
128
78
93
20
-203
.
-
-15
2
1
-8
95 8/
69
78
51
3
Source: See Table 1.
1j See Table 3, footnote 3. Investment by the banks and corporations
as public enterprise funds in 1951 through 1953 includes only those
transactions cleared through the account of the Treasurer of the
United States.
2/ For explanation of difference from Budget figures, beginning 195*+,
see "Cash Income and Outgo," Table 7, footnote 1.
lJ Excludes net investment by Government-sponsored enterprises beginning
with the fiscal year 1935 (see Table 1, footnote 2).
J+/ Includes net sale of $300 million for adjustment of excess transfers
of tax receipts in 1952 and 1953 (see "Budget Receipts and Expendi
tures," Table 1, footnote 9).
-21
^/
6/
Jj
8/
*
**
p
-8
Does not include investments representing acquired securities amount
ing to $1 ,61+3,070 (par value) and donation of securities amounting
to $1+5,800 (pea* value); see also Tables 2 and 3*
Management and liquidating functions as provided by the Housing Act
of 1951*, approved August 2, 195*+ (12 U.S.C. 1721). Investment is
all in guaranteed securities.
See Table 3.
Beginning with this period, figures include net transactions in
guaranteed securities. See also footnote 6 .
Less than $500,000.
Current estimates not yet available,
Preliminary.
September 1958
11
---------------------- TRUST ACCOUNT AND OTHER TRANSACTIONS____________________ _
Table 5.- Net Redemption or Sale of Obligations of Government Agencies in the Market
(in millions of dollars; negative figures are excess of sales)
guaranteed by the Uhited States
Securities ,
Public enterprise funds
Fiscal year
or month
Total
Total
guaranteed
-10
-16
-7
-29
37
-30
-33
6
-384
72
25
4
-602 1/
1951.........................
1952.........................
1953.........................
195^......................................
1955.........................
1956.........................
1957.........................
1958 p........................
Commodity
Credit
Corporation
-173
-1,085
-577
1
-1
1
-
Federal
Farin
Mortgage
Corporation
Federal
Housing
Administration
Horae
Owners'
Loan
Corporation
*
*
*
*
*
*
*
*
-12
-16
-7
-30
37
-30
-33
6
*
*
*
*
*
*
*
*
-
-
3
-2
-1
10
-3
-4
*
*
*
*
*
*
-1
*
1959 (Est.)**.................
-
1958-January..................
February.................
March....................
-225
-142
-101
3
-2
-1
*
*
*
April....................
May.....................
June p.... ..............
144
34
719
10
-3
-4
July.....................
31
-1
*
*
"
*
Securities not guaranteed by the United States
Trust enterprise funds
Public enterprise funds
Fiscal year
or month
1951...........
1952...........
1953...........
1954...........
Total
public
Total not and trust Federal
guaranteed enter
intermediate
credit
prise
banks
funds
2/
-374
88
32
33
*
-98
65
44
Federal
National
Mortgage
Association
a
Home
Owners’
Loan
Corpora
tion
_
-98
65
44
-
-
*
*
■*
*
Federal
inter
mediate
credit
banks 2/
Federal
National
Mortgage
Associ
ation 4/
_
_
-
-
Government-sponsored enterprises
Total
Banks
Government- for
coopera
sponsored
enterprises tives
-374
186
-33
-11
Federal
home
loan
banks
Federal
land
banks
-375
285
12
136
1
-99
-45
-146
-226
-588
191
282
-53
-261
-230
-95
-
-
19
148
183
*
-27
1
*
-23
1
-43
_
Memorandum
1955...........
1956...........
1957...........
1958 p.........
-639 1/
-144
-1,052
-583
-639
-144
-1,052
-583
1959 (Est.)**...
-
-
1958-January....
February...
March......
-228
-140
-100
-228
-140
-100
April......
May........
June p.....
July.......
134
37
724
32
134
37
724
32
-69
-44
136
-
-570
-
-242
*
*
*
*
_
_
-238
-226
-100
-950
-115
-269
-872
-86
167
10
-23
-46
-20
-
_
-
-229
1
*
*
787
5
Source.: See Table 1.
l/ Beginning 1955 excludes net transactions of Government-sponsored enterprises (see Table 3)2/ Beginning January 1957 Federal intermediate credit banks are classified
as trust enterprise funds instead of public enterprise funds as before
(see Table 3 , footnote 3 ).
_
-
\J
4/
*
**
P
*
-41
-50
-66
-63
-64
*
-101
-50
200
100
*
19
121
214
-37
64
-73
-91
-30
112
Management and liquidating functions.
Secondary market operations.
See Table 3•
Less than $500,000.
Current estimates not yet available,
Preliminary.
*
30
*
-8
*
*
-91
*
111
-30
Treasury Bulletin
12
CASH INCOME AND OUTGO
The cash income arid outgo data appearing in the
representing cash received from the public. Federal cash
borrowing from the public Includes net borrowing by the
"Treasury Bulletin,” beginning with the February 1956
issue, are on a basis consistent with receipts from and
Treasury through public debt transactions and also net
payments to the public as derived in the 1957 and sub
borrowing by Government agencies and Government-sponsored
sequent Budgets of the United States, Special Analysis A.
enterprises
Reconciliation to cash deposits and withdrawals in the
It excludes changes in the public debt which do not rep
account of the Treasurer of the United States is shown on
resent direct cash borrowing from the public.
the same basis as in the Budget documents*
shown the amount of net cash borrowing from, or repayment of
effect of all these transactions with the public is
reflected in changes in the balance in the Treasurer’s
borrowing to, the public.
account and in cash held outside the Treasury.
There is also
By these arrangements, data in
through
sales of their own securities.
The net
accordance with the Budget classifications are made avail
Figures for back years have been
Cash transactions through the Treasurer's account are
revised where necessary in order to make them as nearly
similar in general concept to those included in the Budget
able month by month.
comparable with the Budget classifications as available
series, but are limited in coverage to transactions whiah
data will permit.
affect the balance in that account.
For this reason certain of the figures
differ somewhat from those published in earlier Budget
documents as well as in the Bulletin.
On the other hand,
they include receipts from the exercise of monetary
authority, which are excluded from receipts from the public
in the Budget series.
The Budget series of cash transactions is designed
to provide information on the flow of money between the
public and the Federal Government as a whole, and therefore
Beginning with figures for the fiscal year 1953, 15116
series of transactions with the public is based on the
includes transactions not cleared through the Treasurer's
"Monthly Statement of Receipts and Expenditures of the
account.
Receipts and payments include transactions both
United States Government," which is compiled from reports
in budget accounts and in trust and deposit fund accounts.
by all collecting and disbursing officers and Includes
Operations of Government-sponsored enterprises are included
those transactions not cleared through the Treasurer's
inpayments on a net basis as reflected in Treasury reports.
account.
Major intragovernmental transactions which are reported as
account, beginning with the figures for the same year, are
both expenditures and receipts are eliminated from both.
reported in dally Treasury statements.
Noncash items which represent accrued obligations of the
prior to 1953 both cash transactions series are based on a
single source, namely, the earlier basis of daily Treasury
Government to make payments in the future are also eliminated
from expenditures but are added later when actual payments
are made. Receipts from the exercise of monetary authority
(mostly seigniorage on silver) are excluded as not
Cash deposits and withdrawals in the Treasurer's
For those years
statements which reported separate classifications for
budget results, trust account transactions, etc.
13
September 1958
_________________________CASH INCOME AND OUTGO________________________
Table 1.- Summary of Federal Government Cash Transactions with the Public
(in milliona of dollars)
Net cash transactions with the public
other than borrowing
Fiscal year
or month
Plus: Net cash
borrowing from
the public, or
repayment (-)
Plus: Re
ceipts from
exercise of
monetary
authority
Change in cash balances
Equals:
Federal re
ceipts from
the public
Federal pay
ments to the
public
Excess of
receipts, or
payments (-)
1951...................
1952...................
1953...................
1954...................
1955...................
53,390
68,013
71,^99
71,627
67,836
*+5,797
67,964
76,773
71,860
70,538
7,593
1+9
-5 ,271+
-232
-2,702
-5,796
-505
2,919
2,512
1,809
J+3
68
56
73
29
1,839
-388
-2,299
2,096
-551
257
-312
1956...................
1957...................
1958 p .................
77,088
82,107
81,855
72,617
80,008
83,328
i+,i+7l
2,099
-1 ,1+72
-i+,366
-3,100
5,769
23
49
59
331
-956
4,159
-202
5
197
1959 (Eat.)*............
-
-
-
-
-
-
-
5,374
7,759
10,485
4 ,626
6,908
1 1 ,6^7
6,377
6,740
6,509
6,8l4
7,021
7,929
-36
-107
-2,114
6
6
8
-1,101
888
1,682
68
30
187
3,782
7,911
-1,003
1,020
3,976
-2,188
-111+
3,718
-1+,128
2,686
-96
-275
-569
7
5
3
2
1+12
-357
3,619
-4,630
91+
152
-174
-65
March..............
April..............
May................
July...............
Source: Actual figures through 1952 are based on the daily Treasury
statement and thereafter they are based in part also on the monthly
statement of receipts and expenditures of the Government (for
*
p
Treasurer's account
balance, increase,
or decrease (-)
Cash held outside
Treasury, increase,
or decrease (-)
_
explanation of' reporting bases, see page II).
Current estimates not yet available,
Preliminary.
Table 2.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)
Net cash transactions other than borrowing
Fiscal year
or month
Cash
deposits
Cash
withdrawals
Excess of deposits,
or withdrawals (-)
1951...................
1952...................
1953...................
195*+...................
1955...................
1956...................
1957...................
1958............ .......
53,433
68,081
71,3^5
71,815
67,758
45,718
67,794
76,407
71,974
69,888
7,715
287
-5,062
-159
-2,130
77,079
81,875
82,094
71,984
79,183
83,188
1959 (Eat.)*............
-
Plus: Net cash borrow
ing, or repayment of
borrowing (-)
Equals: Treasurer's
account balance, in
crease, or decrease (-)
1,839
-388
-2,299
2,096
-551
5,096
2,692
-1,094
-5,875
-674
2,763
2,255
1,579
-4,765
-3,648
5,253
-
-
-
-
4,891
7,898
11,000
4,484
6,713
11,779
5,940
6,854
7,153
6,704
6,897
7,8 11
-1,050
1,043
3,847
-2,220
-184
3,968
-52
-155
-2,165
2,632
-174
-349
-1,10 1
888
1,682
412
-357
3,619
July...............
3,298
7,023
7,290
8,332
-3,992
*1,309
-638
2,558
-4,630
1,249
1959 to date............
10,320
15,622
-5,301
1,920
-3,381
February...........
May...............
Source: Actual figures are based on the daily Treasury statement.
Figures in the first four columns of this table may differ somewhat from those originally published in the daily Treasury
*
331
-956
4,159
statement because of subsequent reclassification of certain
transactions.
Current estimates not yet available.
Treasury Bulletin
________________________________
CASH INCOME AND OUTGO _______________________________
Table 3.- Derivation of Federal Government Receipts from the Public, and Reconciliation to
Cash Deposits in the Account of the Treasurer of the United States
Receipts
Fiscal year
or month
Budget
(net)
1/
Trust
account
2/
Less:
Total
Intragovemmental
transactions
(See Table 5)
y
Equals:
Cash
deposits
in the
Treasurer's
account
2,763
3,290
3,55^
53,k53
68,081
71,3k5
71,815
67,758
77,079
81,675
82,091+
-
-
-
-
-
-
*
*
*
6
6
8
-1+89
132
507
i+,891
7,898
11,000
*
*
*
7
5
3
5,37k
7,759
10,1+85
k,626
6,908
11,61+7
6
6
8
191+
11+1+
1,168
233
223
lk3
201
lk8
1,171
7
5
3
-11+9
-199
i+,i+8i+
6,713
11,779
273
*
2
275
3,782
2
-1+86
3,298
1,930
2,116
2,199
2,110
2,061
79,851
85,397
85,!+09
2,739
3,21+2
3,^95
-
-
-
-
M 86
6,299
9,501
820
1,681+
1,127
5,606
7,983
1C,628
227
217
135
May.......
June p....
3 ,1+96
k,925
10,751
1,331
2,131
2,066
1+,827
7,056
12,818
July..... .
2 ,91+6
1 ,111
l+,057
Source:
1/
Reconciliation to cash trans
Equals: actions in Treasurer's account
Federal
Adjustment for
receipts Plus: Receipts
net difference
from the fron exercise
due to report
of monetary
public
ing method (See
authority k/
also Table k)
_
-210
Ilk
-107
-32
-281
179
55,36U
70,198
73,75k
73,811
69,926
1958-January...
February....
March.....
Receipts
from
exercise of Total de
monetary
ductions
authority
k3
68
56
73
29
23
1+9
59
7,796
8,807
8,929
9,155
9,536
11,685
1^,369
16,326
1959 (Est.)**__
Excess
profits
tax refund
bond re
demptions
53,390
68,013
71,k99
71,627
67,836
77,088
82,107
81,855
1+7,568
61,391
6k ,825
6k, 655
60,390
68,165
71,029
69,083
1951..........
1952..........
1953..........
195k...........
1955....... .
1956..........
1957..........
1958 p.........:
(In millions of dollars)
Deductions from receipts
1
1
*
*
*
*
-#
*
See Table 1.
k3
68
56
73
29
23
1+9
59
1,97^
2,185
2,255
2,183
2,090
229
Footnotes follow Table 7.
Table 4.- Derivation of Federal Government Payments to the Public, and Reconciliation to
Cash Withdrawals from the Account of the Treasurer of the United States
(In millions of dollars)
Less: Deductions
from expenditures
Expenditures
F3 seal year
or month
Budget
1/
Trust
and
deposit
fund
account
2/
1951.........
1952.........
1953.........
195k.........
1955.........
1956.........
1957.........
1958 p ........
1+1*,058
65,1+08
7k ,27k
67,772
6k, 570
66,5k0
69,k33
71,897
3,65k
5,317
5,288
7,201+ 6 /
8 ,5k6
9,k36 7/
12,961
16,081
1959 (Est.)*....
-
-
1958-January....
February...
March....
6,011
5,528
5,7k9
6,122
5,81+6
6,581
1,651
1,317
1 ,56k
6,613
April....
May......
June p ...
Source:
See Table 1.
Governmentsponsored
enterprise
(net) 2./
Total
Intragovernmental
trans
actions
(See
Table 5)
1+8,002
70,359
79,kk3
7k,5k2
73,21k
1,930
2,116
2,199
2,110
2 ,0ol
76,299
82,1+39
87,350
-
l,k79
1,363
1,57k
-kkl
-255
-291
-6
8
80
1,786
80
291
-366
-119
-1+35
98
32k
k5
-627
6]
Equals:
Federal
Accrued
pay
intere st
ments
and other
to the
noncash
public
expenditures
(See Table 6 )
Reconciliation to cash transactions
In the Treasurer's account
Adjustment
Less: Payments to the public not
for net
reflected in the Treasurer's account
difference
From
proceeds
of
sales
due
to
From cash
in the market of agency reporting
held outside
obligations
and
public
method
the Treasury debt securities (See
(See also
y
Table 7) l/
Table 3)
79
170
-210
155
Ilk
256
-257
2?0
312
-107
202
-32
399
-281
5k9
-5
516
179
-197
Equals:
Cash
with
drawals
from
the
Treas
urer's
account
k5,7lS
6 7 ,79k
76,1+07
71,97k
69,888
71,98k
79,163
83,188
2,739
3 ,2k2
3,k95
275
279
li.72
572
615
9k3
-811
528
k5,797
6 7,96k
76,77^
71,860
70,538
72,617
80,008
83,328
-
-
-
-
-
-
-
-
7,221
6,590
7,021
227
217
135
19k
11+1+
1,168
618
-367
377
586
51
-862
6,377
6 ,7k0
6,509
6 ,811+
7,021
7,929
-68
-30
-187
-9k
-152
17k
15
k8
51
5k
78
7k
-k89
132
507
-lk9
-199
129
5,9kO
6 ,851+
7,153
6,701+
6,897
7,811
273
296
7,911
65
69
-1+86
7,290
7,59k
7,216
8,235
8,k79
Footnotes follow Table 7.
September 1958
15
__________________ ___________CASH INCOME AND OUTGO____________________________
Table 5.- Intragovernmental Transactions Excluded from Both Receipts and Payments
(in millions of dollars)
Fiscal year
or month
Budget receipts which are
also budget expenditures Budget re
ceipts which
Interest paid
are also
trust fund
to Treasury
Other
by public
expenditutre s
1/
enterprise
2J
funds
Budget receipts
which are also
Governmentsponsored
enterprise
expenditures
1/
Trust fund receipts which are also
budget expenditures
Interest
Interest on
on unin
investment in
vested
public debt
trust
securities
funds
Payroll de
ductions for
employees'
retirement 4J
Other
2/
Trust fund
receipts which
are also
trust fund
expenditures
6/
Total
1951..........
1952..........
1953..........
1954..........
1955..........
87
102
144
228
173
*
*
6
6
7
20
25
59
68
81
147
10
1
892
987
1,094
1,188
1,173
6
5
5
5
5
378
411
420
430
439
398
573
463
167
166
2
3
7
18
16
1,930
2,116
2,199
2,110
2 ,06l
1956.........
1957..........
1958 p .........
297
455
553
18
10
8
102
104
218
2
1
1
1,207
1,318
1,342
5
6
8
574
644
673
521
695
681
12
10
11
2,739
3,242
3,495
1959 (Est.)**--
-
-
-
-
-
-
-
-
-
-
9
26
22
*
1
2
*
1
*
62
57
52
61
54
59
64
61
54
1
1
1
64
55
102
1
1
1
227
217
135
194
144
1,168
57
74
125
273
1958-January...
February....
March.....
15
25
*
April.....
May.......
24
5
203
July......
11
Source:
4
-
_
76
46
4
41
19
799
2
3
4
4
3
See Table 1.
Footnotes follow Tabl^ 7*
Table 6.- Accrued Interest and Other Noncash Expenditures Excluded from Payments
(in millions of dollars)
Fiscal year
or month
Net accrued
interest on
savings bonds
and Treasury
bills 1/
1951.............
1952.............
1953.............
1954.............
1955.............
1956.............
1957.............
1958 p...........
638
758
718
524
497
456
388
254
1959 (Est.)**.....
Clearing
account for
public debt
interest 2 /
_
68
26
Noncash expenditures involving issuance
of public debt securities
Adjusted
service
bonds 4J
Armed forces
leave bonds
Notes to
International
Monetary Fund
6/
Clearing
account
for
checks
outstanding,
etc. j/
Total
-160
-68
-24
-14
-8
13
-9
28
109
156
-214
-401
-250
-115
-55
275
279
472
572
615
-15
234
102
-1
-1
-1
-1
-1
*
*
*
-7
-6
-4
175
-674
-450
335
-753
626
943
-811
528
-
-
-
-
-
-
-
1958-January......
February.....
31
-44
-11
4l
-274
216
*
*
*
*
-1
*
April........
May.........
June p .......
-121
43
66
257
477
-1,093
*
*
*
*
*
-13
-8
-56
-4
25
-72
559
-40
228
454
-494
237
618
-367
377
586
51
-862
56
233
*
*
14
-8
296
July........
Source:
See Table 1 .
Footnotes follow Table 7 *
Treasury Bulletin
16
_____________________________ CASH INCOME AMD OUTGO _______________________________
Table 7.- Derivation of Federal Government Net Cash Debt Transactions with the Public,
and Reconciliation to Net Cash Debt Transactions through the Account of the
Treasurer of the United States
(Net ‘
borrowing, or repayment of borrowing (-); in milliona of dollars)
Change in public debt and agency obligations held by the public
Fiscal year
or month
Public debt
increase, or
decrease (-)
Lesa: Net investment in Federal
securities by Government agencies
Plus: Net sale of obligations
of Government enterprises in
the market
Governmentsponsored
enterprises
Public and
trust enter
prise funds
Governmentsponsored
enterprises
Public
enterprise
funds
Trust funds
Equals:
Increase in
securities
held by the
public, or
decrease (-)
1951.....................
1952.....................
1953.....................
195^.....................
1955.....................
-2,135
3,883
6,966
5,189
3,115
10
114
-59
-14
602
31b
-186
33
11
269
3,369
3,355
3,068
1,686 1/
1,236
104
101
79
-77
126
84
179
153
446 1/
171
-5,308
175
3,640
3,130
2,454
1956.....................
1957.....................
1958 p ...................
-1,623
-2,224
5,816
173
1,085
577
872
86
-167
2,516 2/
2,262
106
101
36
91
549
41
460
-3,7^3
-3,392
5,569
1959 (Est.)**.............
-
-
-
-
-
-
-
1958-January..............
-343
124
-2,055
2,433
595
691
225
142
101
-144
-3^
-719
-19
-121
-214
18
8
54
-10
7
19
422
13^
78
97
22
-192
-18
-159
-2 ,l8l
2,561
-28
-281
-877
-31
73
-559
163
-118
-268
589
31^
-314
-15
-8
-498
March................
April................
May.................
June p ...............
July................
Less:
Fiscal year
or month
Net
accrued
interest
on
savings
bonds and
Treasury
bills 1 /
91
30
-112
Deductions for noncash and other transactions
Issuance of public debt securities represent
ing expenditures, or refunds of receipts bj
Adjusted
service
bonds
u
Armed
forces
leave
bonds 2/
Notes to
International
Monetary
Fund 2/
Excess
profits
tax
refund
bonds 6/
Total
deductions
Equals:
Net cash
borrowing
from the
public, or
repayment
(-)
Less:
Transactions
not
reflected
in
the
Treasurer's
account jJ
Equals:
Net cash
borrowing
through
the
Treasurer's
account, or
repayment (-)
-160
-68
-24
-14
-8
13
-9
28
109
156
-1
-1
*
*
*
489
680
722
618
644
-5,796
-505
2,919
2,512
1,809
19
170
155
256
230
-5,875
-674
2,763
2,255
1,579
456
388
254
-1
-1
-1
-1
-1
*
*
*
-7
-6
-4
175
-674
-450
*
*
*
623
-292
-200
-4,366
-3,100
5,769
399
549
516
-4,765
-3,648
5,253
1959 (Est.)**...........
-
-
-
-
-
-
-
-
-
1958-January............
31
-44
-11
*
*
#
*
-1
*
#
*
*
18
-52
-67
-36
-107
-2,114
15
48
51
-52
-155
-2,165
May...............
-121
^3
66 *
*
*
*
*
*
-13
-8
-56
-4
25
-72
*
*
*
-125
68
-6
2,686
-96
-275
5^
78
74
2,632
-174
-3^9
July...............
56
*
14
*
70
-569
69
-638
1951...................
1952...................
1953...................
195^...................
1955...................
638
758
718
524
497
1956...................
1957...................
1958 p .................
Source:
See Table 1 .
-
Footnotes on following page.
September 1958
17
CASH INCOME AMD OUTGO
Footnotes to Table 3
l/ For further detail, see "Budget Receipts and Expenditures," Table 1.
2J For further detail, see "Trust Account and Other Transactions," Table 2.
2/ Treated as noncash refund deductions from receipts when issued and
as cash refund deductions when redeemed.
4/ Consists of seigniorage on silver and increment resulting from reduc
tion in the weight of the gold dollar; excluded from receipts from
the public but included In cash deposits in the Treasurer's account.
*
Less than $500,000.
** Current estimates not yet available.
p Preliminary.
Footnotes to Table 4
l/ For further detail, see "Budget Receipts and Expenditures," Table 2.
2/ For further detail, see "Trust Account and Other Transactions," Tables 3,
4, and 5. Includes net change in balances in Government-sponsored
enterprise deposit fund accounts with the Treasurer of the Uhited States.
2J Net operating expenditures, or receipts (-), as measured by funds provided
by or applied to net security transactions reflected in Treasury reports
(see Table 7). To a large extent, these Government-sponsored enterprises
secure funds for their operations by direct borrowing from the public or
by cashing Federal securities which they hold, and they apply the
net income received from operations to repayment of borrowing from the
public or to investment in Federal securities. On that basis, net
4/
3J
6/
2/
*
expenditures for operations are shown in this table in terms of the
combined net of disinvestment in Federal securities and sale of agency
obligations in the market, and net receipts from operations are shown
in terms of the combined net of investment in Federal securities and
redemption of agency obligations in the market.
Not reported prior to 195*+ •
Consists of only those market transactions not cleared through the
Treasurer's account.
See Table 7, footnote 1.
Does not include revolving fund receipts representing acquired
securities amounting to $1,643,070 (par value).
Current estimates not yet available.
p Preliminary.
Footnotes to Table 5
1/ Federal intermediate credit bank franchise tax through December 1956
and,beginning 1953, also reimbursement by Panama Canal Company for
expenses and services.
2j Includes reimbursement by Federal Old-Age and Survivors Insurance
Trust Fund and Federal Disability Insurance Trust Fund for adminis
trative expenses, and also for refunds of taxes (treated as an
offset to refunds rather than being credited to receipts) beginning
with 1953 for the former and 1959 for the latter; reimbursement
by Highway Trust Fund for refunds of taxes; reimbursement by the
District of Columbia; payment of dividends, interest, etc., by
Federal National Mortgage Association's secondary market operations;
and Federal intermediate credit bank franchise tax and repayment of
capital stock to the Treasury after December 1956 and before
January 1959.
2/ Consists of payment of earnings and repayment of capital stock to
the Treasury through 1952; u A payment of franchise tax by banks
for cooperatives beginning 1955, and by Federal Intermediate
credit banks beginning January 1959*
4/ Includes relatively small amounts of deductions from salaries paid
by trust funds and Government-sponsored enterprises. Beginning
with fiscal year 1958 excludes deductions from salaries of District
of Columbia employees (see footnote 6 ).
Consists of payments to employees' retirement funds representing
Uhited States and Government corporation shares of contributions;
payments to the Railroad Retirement Account (for creditable military
service), the Unemployment Trust Fund, veterans' life insurance funds,
Judicial Survivors Annuity Fund, trust fund for technical services
and other assistance under the agricultural conservation program, and
District of Columbia; and awards of Indian Claims Commission.
6/ Includes payment by District of Columbia to the Civil Services retire
ment fund for its share of contributions, and beginning with 1958
also deductions from its payroll; payment by Railroad Retirement Board
to Federal Old-Age and Survivors Insurance Trust Fund; transfers
from Civil Service retirement fund to Foreign Service retirement fund
except 1958 actual expenditures; and transfers from Railroad Unemploy
ment Insurance Administration Fund to Unemployment Trust Fund through
1955.
*
Less than $500,000.
** Current estimates not yet available.
Preliminary.
Footnotes to Table 6
1/ Accrued discount on savings bonds and bills less interest paid on
savings bonds and bills redeemed.
2/ Public debt interest due and accrued beginning June 30, 1955, effective
date of the change in accounting and reporting from a due and payable
basis to an accrual basis; for 1954, consists only of public debt
interest checks and coupons outstanding; net increase, or decrease
(-). Not reported as a separate clearing account prior to 1954.
2/ 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 redemption (-).
4/ Issued in 1936 in exchange for adjusted service certificates held by
veterans of World War I. The bonds matured in 1945.
2/ Issued in 1947 in payment for accumulated leave. The last of these
bonds matured in 1951.
Part of the Uhited States subscription to the capital of the Inter
national Monetary Fund was paid in the form of noninterest-bearing
nonnegotiable notes payable on demand (see 1947 Annual Report of
the Secretary of the Treasury, pages 48, 350, and 385).
2/ Checks outstanding less deposits in transit, and changes in other
accounts; net increase, or decrease (-). Prior to 1954 includes
also public debt interest due and unpaid (see footnote 2 ).
*
Less than $500,000.
** Current estimates not yet available.
p
Preliminary.
6/
Footnotes to Table 7
l/ In this table, beginning 1954, in accordance with treatment in Budget
documents, net investment in Uhited States securities by Governmentsponsored enterprises includes a small amount by other enterprises
regarded as representing net transactions with the public. In Table 4
under "Trust Account and Other Transactions," these amounts are in
cluded in trust and deposit fund account investment.
2/ Does not include investments representing acquired securities amounting
to $1,643,070 (par value) and donation of securities amounting to
$45,800 (par value).
2J Accrued discount on savings bonds and bills, which is Included in the
*±/
6/
2/
*
**
principal of the public debt, less interest paid dn savings bonds and
bills redeemed.
Treated as noncash transactions at the time of issuance and as cash
transactions at the time of redemption; net issuance, or redemption
(-).
Excluded from borrowing because the transactions are treated as ex
penditures in Table 6 .
Excluded from borrowing because the transactions are treated as de
ductions from receipts in Table 3.
Market transactions in public debt securities and agency obligations.
Less than $500,000.
Current estimates not yet available.
p Preliminary.
Treasury Bulletin
IS
,ACCOUNT OF THE TREASURER OF THE UNITED STATES.
Source and Availability of the Balance in the Treasurers Account
The account of the Treasurer of the United States
reflects not only budget receipts and expenditures but
also trust, deposit fund, and public debt transactions.
The working cash of the Treasury Is held mainly in
Treasurer's accounts with Federal Reserve Banks and
branches. As the balances In these accounts become de
pleted, they are restored by calling In (transferring)
funds from the tax and loan accounts with thousands of
commercial banks throughout the country.
Deposits to tax and loan accounts occur In the
normal course of business under a uniform procedure
applicable to all banks whereby customers of banks deposit
with them tax payments and funds for the purchase of
Government securities.
In most cases the transaction
Involves merely the transfer of money from a customer^
account to the tax and loan account In the same bank. On
occasions, to the extent authorized by the Treasury,
banks are permitted to deposit In these accounts proceeds
from subscriptions to public debt securities entered for
their own account as well as for the account of their
customers.
The tax and loan account system permits the Treasury
to leave funds in banks and in the communities in which
they arise until such time as the Treasury needs the funds
for it8 operations. In this way the Treasury is able
to neutralize the effect of its fluctuating operations
on bank reserves and the economy.
A detailed description of the Treasury*s depositary
system may be found in the Annual Report of the Secretary
of the Treasury for 1955* pages 275-284.
Table 1.- Status of the Account of the Treasurer of the United States
(In millions of dollars)
Assets
Treasury operating balance
Bid of
fiscal
year or
month
In Federal
Silver,
Unclassified Reserve
coin, and collections, Banks in
process of
currency etc.
collection
Balance in
Liabilities account of
Total u
Treasurer
assets
of U. S.
Available
funds in
Federal
Reserve
Banks
Tax and loan
accounts in
special
depositaries
Gold in
Treasury
fund
1951.......
1952.......
1953.......
■195*+.......
1955.......
338
333
132
875
380
5,680
5,106
3,071
M3 6
^,365
1 ,01+6
1,009
981+
1+97
^93
7,061+
6,41+8
1+,187
6,207
5,239
176
19*+
161
191
187
21+
3*+
75
50
93
250
355
210
2 71+
3^3
356
1+50
I+63
520
500
7,871
7,1+81
5,096
7,21+3
6,362
511+
512
1+26
1+76
ll+6 2/
7,357
6,969
l+,670
6,766
6,216 2/
1956.......
1957.......
1958.......
522
1+98
1+10
M33
u ,082
8,218
501
1*89
1+01
5,656
5,069
9,030
159
190
259
37
37
1+9
1+21
302
287
1+38
1+1+0
365
6,712
6,037
9,990
166
1+47
21+0
6 ,51+6
5,590
9,749
1957-Dec...
1+81
3,081+
508
l+,072
208
83
11+5
369
i+,877
270
l+,606
1958-Jan...
Feb...
1v69
516
1+74
1+91
398
1+02
2 ,72 7
3,752
5,1+72
60
52
l+l+
5,551
5,526
9,030
348
337
317
381+
330
365
!+,279
3,686
l+,6ll
6,275
6 ,691+
6,332
9,990
5,222
181
217
199
207
202
21+0
1+01
325
223
163
1+32
136
287
270
3,505
l+,39i+
6,076
399
1+01
1+01
227
21+7
2~9
295
272
259
269
103
5,119
May...
June....
59*+
395
1+10
1,76 7
2,837
^,596
*+,558
4,730
8,218
July--
617
3,262
Tdtal
operating
balance
Source: Daily Treasury statement.
1/ Consists of Treasurer's checks outstanding, reserve and other deposits
of Board of Trustees of the Postal Savings System, uncollected items,
exchanges, etc., beginning December 195^ J prior to that time included
also Post Office Department and Postmasters' disbursing accounts (see
footnote 2 ).
2J Beginning December 195^> Post Office Department and Postmasters'
33
68
1+9
1+1+
In other
depositaries
359
6 ,1+87
6,130
9,71+9
disbursing accounts are no longer treated as liability accounts
of the Treasurer of the United States, but are classified and
treated in the same manner as other disbursing accounts, in
accordance with the change in method of reporting Post Office
transactions (see "Budget Receipts and Expenditures," Table 2).
An adjustment of - $207 million in the balance in the Treasurer's
account (and in the "clearing account") reflects this change.
September 1958
19
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table 2.- Analysis of Changes in Tax and Loan Account Balances
____________________________(in millions of dollars)____________ __________ _________
Balance
Credits
Fiscal year
or month
Proceeds from sales of securities 1/
Income (by
special
arrange ment) 3./
287
5,041
4,304
10,331
13,579
15,859
19,898
6,971
13 ,270
10,227
4,791
24,128
36,493
41,267
41,644
5,977
6,035
5,043
2,922
8,16 7
786
6,568
13,513
20,538
23,897
26,709
27,881
2,967
4,611
4,152
7,903
-
-
548
2,762
-
-
36
1,328
1,168
3,161
2,726
Savings
notes
Tax
anticipation
securities
3,390
2,226
2,667
3,457
4,424
3,810
2,976
2,824
3,437
4,679
2,231
2,333
2,451
5,243
6,861
-
1957-December....
223
1958-January.....
February....
March.......
333
258
252
April.......
May........
June........
242
226
234
July........
266
195
195
195
195
5
6
7
8
Withdrawals End of
Total
period
credits
Withheld
and
excise 2J
Savings
bonds
195 1
195 2
195 3
1954............
During period
Taxes
Other
-
-
3,823
-
-
1,029
High
Low
Average
5,680
5,106
3,071
M 36
^,365
M33
4,082
8,218
6,293
5,409
8,776
7,493
1,431
1,425
950
1,649
3,208
3,255
4,212
3,870
42,074
39,1^0
45,448
55,044
21,716
37,066
^3,303
39,879
42,545
38,871
46,000
50,908
7,299
5,486
6,078
8,869
1,910
1,103
813
1,078
3,991
3,373
2,987
3,246
-
3,533
4,033
3,084
3,589
1,710
2,779
2,127
1,501
3,^55
6,433
2,818
2,385
4,674
1,767
2,837
b ,596
3,005
2,925
5,447
1,103
1,138
2,380
1,731
1,782
3,645
5,216
3,006
6,257
k,558
4,730
8,218
k ,558
5,129
6,869
l,6l4
4,153
2,653
3,655
4,696
5>31
6,576
3,262
8,055
3,262
5,263
21
1,091
2,953
2,863
5,619
5,177
3,179
9,744
1,168
186
1,620
..............................
Source: Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports,
l/ Special depositaries are permitted to make payment in the form of
a deposit credit for the purchase price of United States Government
obligations 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.
2/ Taoces eligible for credit consist of those deposited by taxpayers
in the depositary banks, as follows: Withheld income tax beginning
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.
i/ 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 quarterly periods
of heavy tax payments.
Treasury Bulletin
20
___________ DEBT OUTSTANDING____________
Table !•- Summary of Federal Securities
(in millions of dollars)
Interest-bearing debt
Total outstanding
End of
fiscal
year or
month
Total 1/
1951............
1952............
1953............
1954..................
1955............
1956............
1957............
1958............
Public
debt
Guaran
teed
securi
ties 2/
Total
Public
debt
Guaran
teed
securi
ties 2J y
255,251
259,151
266,123
271,341
274,418
272 ,825
270,634
276,444
255,222
259,105
266,071
271,260
274,374
272,751
270,527
276,343
29
46
52
81
252,879
256,907
263,997
268,990
252,852
256,863
263,946
268,910
27
44
51
80
44
74
107
101
271,785
269,956
268,592
274,798
271,741
269,883
268,486
274,698
Matured debt and debt bearing no interest
Public debt
Total
Total
Matured
Monetary
Fund 4/
Other
5/
Guaranteed
securi
ties 2J
(matured)
2,370
2,242
2,125
2,350
512
419
298
437
1,283
1,274
1,302
1,411
575
550
525
502
2
1
1
1
43
73
106
101
2,372
2,244
2,126
2,351
2,634
2,869
2,042
1,646
2,633
2,868
2,042
1,646
589
666
529
597
1,567
1,742
1,068
618
477
460
444
430
1
1
1
1
1957-December....
275,002
274,898
104
272,977
272,874
104
2,025
2,024
841
746
437
1
1958-January.....
February....
274,656
274,782
272,728
274,555
274,679
272,624
101
103
104
272,877
273,061
271,051
272,777
272,959
270,948
100
102
103
1,778
1,721
1,677
1,777
1,720
1,676
609
562
576
733
725
669
435
433
432
1
1
1
April.......
May.........
275,151
275,749
276,444
275,057
275,653
276,343
94
97
101
273,540
274,126
274,798
273,447
274,030
274,698
93
96
101
1,611
1,623
1,646
1,610
1,622
1,646
514
500
597
665
690
618
431
433
430
1
1
1
July........
275,568
275,466
102
274,011
273,910
101
1,557
1,556
497
632
427
1
Source: Daily Treasury statement.
l/ Includes certain obligations not subject to statutory limitation.
For amounts subject to limitation, see page 1.
2 / Excludes guaranteed securities held by the Treasury.
Consists of Federal Housing Administration debentures beginning
March 1953•
y Special notes of the Uhited States issued to the International
Monetary Fund in payment of part of the United States subscription,
pursuant to provisions of the Bretton Woods Agreements Act. The
notes bear no interest, are nonnegotiable, and are payable on
demand.
2/ Includes savings stamps, excess profits tax refund bonds, and
currency items. For current month detail, see "Statutory Debt
Limitation," Table 2.
u
Table 2•- Interest-Bearing Public Debt
(In millions of dollars)
Public issues
End of
fiscal
year or
month
Total
interest- Total
bearing
public
public
issues
debt
Marketable
Nonmarketable
Treasury bonds
Total
Bills
Certif
icates
Notes
Ooher
Bank
Bank re bonds
eligi stricted 2J
ble
1/
Total
36,061
27,460
17,245
8,672
156
142
124
96
80,281
78,717
76,073
76,326
57,572
57,685
57,886
58,061
7,818
6,612
4,453
5,079
71
50
50
50
73,285
69,817
65,953
61,777
58,365
57,497
54,622
51,984
1,913
-
50
62,883
52,474
-
_
50
50
50
62,681
62,517
62,239
52,344
52,315
52,254
50
50
50
62,031
61,927
61,777
52,164
52,086
51,984
50
61,642
51,913
195
195
195
195
1
2
3
4
252,852
256,863
263,9^6
268,910
218,198
219,124
223,408
226,681
137,917
140,407
147,335
150,354
13,614
17,219
19,707
19,515
9,509
28,423
15,854
18,405
35,806
18,963
30,425
31,960
42,772
48,200
63,980
71,706
195
195
195
195
5
6
7
8
271,741
269,883
268,486
274,698
228,491
224,769
221,658
228,452
155,206
154,953
155,705
166,675
19,514
20,808
23,420
22,406
13,836
16,303
20,473
32,920
40,729
35,952
30,973
20,4l6
81,057
81,840
80,789
90,883
1957-Dec...
272,874
227,075
164,192
26,857
34,554
20,664
82,067
1958-Jan...
Feb...
Mar...
272,777
272,959
270,948
227,307
227,000
225,137
164,627 27,260
164,483 26,127
162,898 23 ,022
34,554
31,475
31,478
20,703
20,483
20,685
82,060
86,348
87,663
Apr...
May...
June..
273,447
274,030
274,698
228,004
227,915
228,452
165,974 22,415
165,988 22.405
166,675 22.406
31,122
31,122
32,920
24,732
24,765
20,416
87,655
87,647
90,883
July..
273,910
228,033
166,391 22,403
32,938
20,499
90,501
Source: Daily Treasury statement.
1/ Issues which commercial banka (banks accepting demand deposits) were
not permitted to acquire prior to specified dates, except that: (l)
concurrently with the 4th, 5th, and 6th War Loans and the Victory
Loan, they were permitted to subscribe for limited investment of
-
-
Treasury
U. S.
savings savings
bonds
notes
Armed Treasury
Depos
forces bonds,
invest itary
leave
bonds
bonds ment
series
47
-
_
Special
issues
14,526
14,046
13 ,288
12,775
319
373
447
411
34,653
37,739
40,538
42,229
12,589
12,009
11,135
9,621
417
310
196
171
43,250
45,114
46,827
46,246
-
10,253
156
45,799
-
10,194
10,059
9,837
143
144
148
45,470
45,959
45,810
:
9,710
9,677
9,621
156
163
171
45,443
46,115
46,246
9,525
204
45,877
their savings deposits; (2 ) they might temporarily acquire such
issues through forfeiture of collateral; (3 ) they might hold a
limited amount of such issues for trading purposes.
Consists
of Panama Canal bonds, and also postal savings bonds until
2/
the last of these bonds matured on July 1, 1955.
September 1958
21
_DEKT OUTSTANDING--
Table 3.- Special Issues to United States Government Investment Accounts
(in millions of dollars)
Federal
Federal
Federal Federal
Savings
Federal Old-Age
Deposit Disability
and Loan
and
home
Insurance Insurance loan
Insurance
Survivors
Corpora Trust
Corpora
Insurance
banks
tion
Fund
Trust Fund tion
End of fiscal
year or month
Total
1951..... .
1952.........
1953 .........
195^.... .
1955...... .
3^,653
37,739
40,538
42,229
43,250
868
888
846
892
835
1956........
1957... ......
1958.... .....
45,114
46,827
46,246
1957-December...
1958-January....
February...
March....
_
Government
employees1
retirement
funds
National
Government
Highway Servioe
Life
Trust
Life
Insurance Fund
Insurance
Fund
Fund
Postal
Savings
System
If
Railroad
Retire
ment
Account
Unemploy Other
ment
2/
Trust
Fund
"
77
50
50
232
200
12 ,096
14,047
15,532
17,054
18,239
86
79
61
84
94
4,391
5,014
5,602
5,85k
6,168
1,300
1,300
1,299
1,234
1,233
_
-
5,436
5,191
5,249
5,272
5,3k6
706
552
452
213
91
2 ,4l4
2,863
3,128
3,3k5
3,486
7,266
7,745
8,287
8,024
7,k79
13
9
32
24
79
673
718
673
_
325
996
52
50
165
19,^67
19,^63
18,610
103
103
112
6,667
7,39k
7,738
1,217
1,200
1,144
404
822
5,481
5,570
5,665
6
5
-
3,600
3,k75
3,531
7,737
7,996
6,671
112
123
120
k5,799
45,470
45,959
45,810
640
580
50
5
70
1,161
1,156
1,152
5,538
5,53k
5,531
7,724
7,578
7,188
72
79
127
Anril.
May......
June.......
45,443
46,115
46,246
685
687
673
807
917
996
200
200
165
18,260
18,632
18,610
105
109
112
7,502
7,589
7,738
1,119
1,112
1,144
849
884
822
5,522
5,511
5,665
5
5
20
*
*
-
3,209
3,322
3,509
3,486
8,038
7,367
7,429
7,483
587
614
715
814
5,5ko
50
200
200
83
87
89
102
1,164
617
677
747
18,519
18,203
18,272
18,260
7,31k
710
716
701
k-5,877
673
1,027
165
18,300
90
7,8 11
1,138
865
5,659
6,829
6,894
6,671
6,441
113
116
120
July.....
3,k51
3 ,k64
3,531
3,584
124
Adjusted Service Certificate Fund (through December 1956),
various housing insurance funds, and Veterans1 Special Term
Insurance Fund.
Less than $500,000.
Source: Daily Treasury statement.
I.J Includes Canal Zone Postal Savings System.
2/ Consists of: Farm Tenant Mortgage Insurance Fund (through March 1956),
Table 4.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
Total interest-bearing securities
End of
fiscal year
or month
Amount
ouusx-anaing
Public debt
and guaran Public
teed securi debt
ties 1/
Computed annual
interest charge
Public debt
and guaran
teed securi1/
Public
debt
Computed annual interest rate
Total
interestTotal
bearing
public
securi
debt
ties
Public debt
jyiaxneoauxe lasucs
Total
2f
Bills Certif
icates
if
Notes
195 1
195 2
1953
195 4
195 5
252,879
256,907
263,997
268,990
271,785
252,852
256,863
263,946
268,910
271,7kl
5,740
5,982
6,432
6,300
6,388
5,740
5,981
6,431
6,298
6,387
2.270
2.329
2.438
2 .342
2.351
2.270
2.329
2.438
2.342
2.351
1.981
2.051
2.207
2.043
2 .079
1.569
1.711
2 .25k
.843
1.539
1.875
1.875
2.319
1.928
1.173
1.399
1.560
1.75k
I.838
1.846
195 6
195 7
195 8
269,956
268,592
274,798
269,883
268,k86
274,698
6,952
7,328
7,248
6,950
7,325
7,245
2.576
2.730
2 .638
2.576
2.730
2.638
2.427
2.707
2 .546
2.654
3-197
1.033
2.625
3.345
3.330
2.075
2.504
2.806
1957“December...
272,977
272,874
7,878
7,876
2.889
2.889
2.965
3-510
3.699
2.866
1958-January....
February...
March....
272,877
273,061
271,051
272,777
272,959
270,948
7,796
7,580
7,382
7,793
7,577
7,379
2.860
2.778
2.725
2.860
2 .778
2.725
2.914
2.778
2.688
3.192
2 .652
1.988
3.699
3.451
3.451
2.864
2.878
2 .865
April....
May......
June.....
273,540
274,126
274,798
273,447
274,030
274,698
7,326
7 ,28k
7,248
7,323
7,282
7,245
2.679
2.658
2.638
2.679
2.658
2.638
2.612
2.578
2 .546
1.438
1.182
1.033
3.450
3.k50
3.330
2.822
2 .820
2.806
July.....
274,011
273,910
7,210
7,208
2.632
2.632
2.53k
•951
3.329
2.801
Source: Daily Treasury statement.
Note: The computed annual interest charge represents the amount of
interest that would be paid if each interest-bearing issue outstand
ing at the end of each month or year should remain outstanding for a
year at the applicable annual rate of interest. The charge is com
puted for each issue by applying the appropriate annual interest
rate to the amount outstanding on that date. The aggregate charge
for all interest-bearing issues constitutes the total computed
annual interest charge. The average annual interest rate is computed
Non
marketTreasury able
issues
bonds
y
2.623
2.327
2.317
2.659
2.342
2.720
2.440
2 .75 1
2.480
2.789
Special
issues
Guar
anteed
securi
ties
1/
2 .606
2.675
2 .746
2.671
2.585
2.656
2.578
2.575
2.547
2.590
2.824
2.853
2.892
2.705
2.635
2.630
2.606
2.611
2.622
2.505
2.875
2.639
2.619
2.505
2.547
2.555
2.878
2 .882
2 .885
2.639
2.638
2.637
2.621
2.620
2.619
2.555
2.555
2.576
2.888
2:890
2.892
2.637
2.635
2.630
2.613
2.615
2.622
2.575
2.895
2.633
2.627
2.485
2.482
2.576
by dividing the computed annual interest charge for the total, or
for any group of issues, by the corresponding principal amount.
Excludes guaranteed securities held by the Treasury.
Total
includes "Other bonds"; see Table 2.
2/
If Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
y The annual interest charge and annual interest rate on United
States savings bonds are computed on the basis of the rate to
maturity applied against the amount outstanding.
Treasury Bulletin
22
DEBT OOTSTAKDHG.
Table 5.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(in millions of dollars)
Agriculture Department
End of
fiscal
year or
month
Total
Commodity
Credit
Corpo
ration
9,027
9,564
12,125
12,869
16,175
20,049
22,731
21,859
11,190
13,383
11,528
1957“Dec... 22,011
1951.....
1952.....
1953.....
1954.....
1955.....
1956.....
1957.....
1958.....
2,555
1,970
3,612
4,180
7,608
Secretary:
Rural
Farmers’
Electri Home
fication Admin.
Admin.
programs
1/
58
1,527
1,731
78
1,933
117
172
2,091
162
2,207
Housing and Home
ExportFinance Agency
Import
Bank of
Federal
Wash
Adminis National Public
Housing
ington
trator
Mortgage Admin.
2J
u
Assoc. 4/
Inter
national
Coop
eration
Admin.
1/
1,040
1,088
1,227
1,3^7
1,310
30
44
67
102
130
1,549
2,038
2,446
2,233
1,966
489
655
655
215
61
1,097
1,150
1,189
1,203
1,209
Recon
struction
Finance
Corpo
ration
6/
274
197
159
15^
*
-
2,3^3
2,519
2,728
151
265
256
1,239
1,205
1,528
165
282
476
1,95^
1,741
1,502
38
41
35
1,213
1,198
1,188
383
959
49
1,192
_
-
12,786
2,625
256
1,508
1958-Jan... 22,046
Feb... 22,182
Mar... 22,510
12,767
12,866
13,085
2,700
2,700
2,700
294
294
329
1,506
1,537
1 ,5^8
387
414
422
791
718
704
^3
54
50
1,191
1,191
1,190
Apr... 20 ,67k
May... 20,870
June.. 21,859
Juljr.. 20,524
10,97^
11,098
11,528
2,775
2,775
2,728
353
348
256
1,500
1,511
1,528
427
464
476
839
864
1,502
48
45
35
1,190
1,190
1,188
9,862
2,798
285
1,595
509
1,510
35
1,183
Source: Daily Treasury statement.
Note: The securities shown in this table were issued to the Treasury
to finance Government corporations and other agencies with the
Treasury itself raising the necessary funds through public debt
operations. To avoid duplication, these securities are not
included in the guaranteed debt outstanding as shown in preceding
tables. The issuance of these securities is provided for by law,
as "authority to expend from public debt receipts.'’ Further
detail may be found in the 1957 Annual Report of the Secretary
of the Treasury, page 6lo, and the 1957 Combined Statement of
Receipts, Expenditures and Balances of the Uhited States Government,
page 500.
l/ Farm housing and other loan programs, and Farm Tenant Mortgage
Insurance Fund.
2J Excludes securities issued under Defense Production Act.
Consists of notes issued to borrow for the urban renewal program
(formerly slum clearance program); college housing loans; the
prefabricated housing loans program from September 1950, when
it was transferred from the Reconstruction Finance Corporation,
through November 195^; and public facility loans beginning
January 1956. Notes issued to borrow for the Federal National
Mortgage Association from September 1950 through July 1954 are
shown under the Association.
hj From September 1950 through July 1954, consists of notes of the
Housing and Home Finance Administrator, issued to borrow for the
Association. Beginning August 195^, consists of liabilities taken
over by the Association from the Administrator in accordance with
the act approved August 2, 1954, and notes issued by the Associa
tion under authority of that act (12 U.S.C. 1720, 1723 (d)); and
beginning September 195^, also securities transferred from the
Reconstruction Finance Corporation (see footnote 6 ). Prior
to September 1950, the Association was financed from funds of
the Reconstruction Finance Corporation, which owned the capital
stock.
-
-
-
Saint
Lawrence
Seaway
Develop
ment
Corp.
Under
Defense
Produc- Other
tlon act 8/
of 1950
1/
Tenn.
Valley
Authority
Veterans’
Admin.:
Direct
loan
program
44
39
34
29
14
158
395
416
773
1,002
1,144
1,294
1,723
100
-
-
107
178
270
367
491
584
733
780
83
-
733
1,419
18
85
87
88
_
733
733
733
1,530
1,568
1,643
18
19
18
783
780
780
1,677
1,686
1,723
1,800
18
18
18
-
3
16
48
97
89
93
97
100
-
-
-
-
829
2/ And predecessor agencies. Beginning September 1956, figures
exclude notes previously issued by the Administrator in
connection with informational media guaranties. The obligation
of these notes was assumed by the Director of the Uhited States
Information Agency, pursuant to the act approved July 18, 1956
(22 U.S C. 1442), and th6 notes together with others issued
for the same purpose are included in "Other."
6/ Excludes securities issued under Defense Production Act of 1950;
includes securities issued under Federal Civil Defense Act of
1950 through November 1953, after which they were taken over by
the Secretary of the Treasury, pursuant to the act approved
July 30, 1953 (15 U.S C. 609), and are included under "Other."
See also footnote 3. During September 195^, under Reorganization
Plan No. 2 of 1954, the remaining securities issued by the
Corporation to the Treasury were transferred as follows:
$42 million to Export-Import Bank of Washington, $92 million to
Federal National Mortgage Association, and $14 million to Small
Business Administration.
l/ Consists of notes of the Administrator, General Services Admin
istration, beginning January 1951 (Administrator, Defense
Materials Procurement Agency, January 1952 through July 1953)
for defense materials procurement; Reconstruction Finance Corpora
tion, January 1951 through September 1953 (after which its
activities under this act were transferred to the Secretary of
the Treasury), and the Secretary of the Treasury beginning October
1953; the Secretary of the Interior (Defense Minerals Exploration
Administration) beginning June 1951; the Export-Import Bank of
Washington beginning April 1952; and the Secretary of Agriculture
beginning June 1954.
8/ Consists of notes issued by Secretary of the Army (Natural Fibers
Revolving Fund), 1951; Secretary of the Treasury beginning December
1953 (see footnote 6 ); 3 nall Business Administration, September
1954 through April 1958; and for informational media guaranties
by the Uhited States Information Agency beginning September 1956
(see footnote 5 )*
-
2
14
11
21
18
18
September 1958
23
STATUTORY DEBT LIMITATION
The Second Liberty Bond Act, as amended (31 U.S.C.
757 b)> provides that the face amount of obligations issued
under authority of that act, and the face amount of
obligations guaranteed as to principal and interest by
the United States (except guaranteed obligations held by
the Secretary of the Treasury), shall not exceed in the
aggregate $275 billion outstanding at any one time,
except that this amount was increased by $6 billion be
ginning on August 2g, 195^> and ending on June 3 0 , 1956,
by acts approved August 2£, 195^> and June 3 0 , 19555
by 13 billion beginning on July 1, 195&> an(3 ending on
June 3 0 , 1957» by an act approved July 9 # 195&J and by
$5 billion beginning on February 26, 195&, and ending on
June 3 0 , 1959» by an act approved February 26, 195&Obligations issued on a discount basis, and subject to
redemption prior to maturity at the option of the owner,
are Included in the statutory debt limitation at current
redemption values.
Table 1.- Status under Limitation, July 31, 1958
(in millions of dollars)
Maximum amount of securities which may be outstanding at any one time under limitation imposed by the act
of June 26, 1946 (31 U.S.C. 757 b),as increased temporarily by the act of February 26, 1958............... ...................,...... 2g0 00Q
Amount of securities outstanding subject to such, statutory debt limitation:
U. S. Government securities issued under the Second Liberty Bond Act, as amended................ ...........................
Guaranteed securities (excluding those held by the Treasury)... ................. ........ ...............................
275,037
1°2
Total amount of securities outstanding subject to statutory debt limitation........ ............ ..........................
275,139
Balance issuable under limitation.... ..... ................... ........... ............................................... ......
Source:
^
Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding July 31, 1958
(in millions of dollars)
Class of security
Public debt:
Interest-bearing securities:
Marketable:
Subject to
statutory debt
limitation
22 ,403
32,938
20 ,1+99
90,501
Not subject to
statutory debt
limitation
Total
outstanding
50
22,403
32,938
20,499
90,501
50
166,342
50
166,391
51,913
204
9,525
-
51,913
204
9,525
61,642
-
61,642
45,877
-
45,877
273,860
50
273,910
494
3
497
50
1
632
-
191
180
6
50
1
632
191
180
6
Nonmarketable:
Debt bearing no interest:
Guaranteed securities:
683
376
1,059
275,037
429
275,4 66
101
1
-
101
1
429
275,568
l/
102
102
275,139
Sources
Daily Treasury statement.
j * Excludes guaranteed securities held by the Treasury.
Treasury Bulletin
zb
.DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding July 31, 1958
(In millions of dollars)
Amount of maturities
Year
and
month
Description of security l/
Fixed
matu
rity
issues
195?
Aug... Bills........................
4# Certificate
8/1/58-C
7,001
11,519
Sept.. Bills........................
2-1/4# Bond 2J
- 9/15/56-59
2-3/8# Bond 2/
- 3/15/57-59
6,902
3,818
927
Bills........................
1-1/2# Note
- IO/1/58-IO
8,500
121
12/1/58-D
12/15/58
9,833
2,368
Total........................
50,989
Callable issues
classified by
year of:
First
call
Amount of maturities
Year
and
month
Description of security l/
Final
matu
rity
I960
Apr...
1-1/2# Note
4/1/60-EA
198
May...
3-1/2# Note
5/15/60-A
2,406
Oct...
1-1/2# Note
10/1/60-BO
278
Nov... 2-1/8# Bond
11/ 15/60
3,806
Dec... 2-3/4# Bond 1/
3-3A# Certificate 2-1/2# Bond
-
Fixed
matu
rity
issues
First
call
Final
matu
rity
1,485
12/15/60-65
6,688
Total........
Callable issues
classified by
year of:
1,^85
1961
Apr..
1-1/2# Note
June.
3# Bond 4/
(Panama Canal loan)
4/1/61-EA
144
6/1/61
50
Aug... 4# Note 2/
8/1/61-A
2,609
Sept.. 2-3/4# Bond
9/15/61
2,239
Oct... 1-1/2# Note
lO/l/61-EO
332
Nov... 2-1/2# Bond
11/15/61
11,177
16,551
1962
2/15/62-A
647
Apr... 1-1/2# Note
4/1/62-EA
551
June.. 2-1/4# Bond
2-1/2# Bond
6/15/59-62
6/15/62-67
2,000
Feb... 3-5/8# Note
1959
Feb... 2-1/2# Certificate 1-7/8# Note
Apr... 1-1/2# Note
May...
l-l/4# Certificate -
2/14/59-A
2/15/59-A
9,770
5,102
^/l/59-EA
119
5/15/59-B
1,816
June.. 2-1/4# Bond
6/15/59-62
-
1-1/2# Note
lO/l/59-EO
99
Dec... 2-1/4# Bond
12/15/59-62
-
Oct...
16,907
Footnotes at end of table.
Aug... 4# Note 6/
8/15/62-B
Oct... 1-1/2# Note
10/1/62-BO
590
Nov... 3-3/4# Note
11/15/62-C
1,143
Dec... 2-1/4# Bond
12/15/59-62
-
5,268
3,456
i+,932
1963
Feb...
5,268
2,113
3,456
2,113
2-5/8# Note
2/15/63-A
3,971
Apr... 1-1/2# Note
4/1/63-EA
188
Aug... 2-1/2# Bond
8/15/63
6,755
Dec... 2-1/2# Bond
12/15/63-68
-
2,821
10,914
2,821
8,724
(Continued on following page)
8,724
September 1958
25
DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding July 31, 1958 - (Continued)
(In millions of dollars)
Amount of maturities
Year
and
month
1964
Feb..
Description of security l/
3$ Bond
2 /15 M
Fixed
matu
rity
issues
Callable issues
classified by
year of:
First
call
2-1/2$ Bond
6/15/64-69
3,746
Dec..
2-1/2$ Bond
12/15M -69
3,8 21
3,854
Total.....
1965
Feb..
2-5/8$ Bond
Max..
2-1/2$ Bond
Dec..
2-3/4$ Bond l/-
2 /15/65
1966
Mar..
Aug..
Callable issues
classified by
year of:
First
call
1970
Mar... 2-1/2$ Bond
3 /15/65-70
ujoe
1971
Mar... 2-1/2$ Bond
3 /15/66-71
2,950
1972
June.. 2-1/2$ Bond
6/15/67-72
1,847
Sept.. 2-1/2$ Bond
9/15/67-72
2,716
Dec... 2-1/2$ Bond
12/15/67-72
3,733
4,702
1,485
6,895
4,702
1,485
Total.....
2-1/2$ Bond
3$ Bond
3 /15/66-71
8 /15/66
1,1*84
1,484
2,950
2-1/2$ Bond
2-1/2$ Bond
6/15/62-67
6/15/67-72
1,847
Sept.
2-1/2$ Bond
9/15/67-72
2,716
Dec..
2-1/2$ Bond
12/15/67-72
Oct... 4$ Bond
Dec... 2-1/2$ Bond
Total.
654
1 1 /15M
3,733
8,297
2,113
2,821
12/15/63*68
6/15/64-69
10/1/69
3-7/8$ Bond
2,113
Total.....
1969
June.. 2-1/2$ Bond
8,297
2,950
197^
Nov...
1968
Dec... 2-1/2$ Bond
Final
matu
rity
6,895
3 /15/65-70
Total.....
1967
J une.
Fixed
matu
rity
issues
Description of security l/
7,566
12/15/60-65
Total........
Year
and
month
Final
matu
rity
3,854
June.
Amount of maturities
1978
June.. 3-1/4$ Bond
6/15/78-83
1983
June.. 3-1/4$ Bond
6/15/78-83
1985
May... 3-1/4$ Bond
5 /15/85
1,135
1990
Feb... 3-1/2$ Bond
2 /15/90
1,727
1995
Feb... 3$ Bond
2 /15/95
1,604
1,604
3,746
657
12/15/64-69
3,821
657
_L
Source: Daily Treasury statement and Bureau of the Public Debt,
l/ It should be noted that callable issues appear twice in this
column, once in the year of first call and again in the year
of final maturity. Callable issues with respect to which a
definite notice of call has been made, however, are listed
as fixed maturities. For date of issue of each security,
see "Market Quotations."
2,7te
7,566
_L
2J Called on May 14, 1958, for redemption on September 15, 1958.
\] Income is partially exempt from income tax.
4J Income is wholly exempt from income tax.
^J Redeemable at option of holder on August 1, 1959, on 3 months*
notice.
6/ Redeemable at option of holder on February 15, i960, on 3 months*
notice.
Treasury Bulletin
26
____________________________________________ DEBT OPERATIONS________ ___________________________________
Table 2.- Offerings of Treasury Bills
(Dollar amounts in ml 1.1Iona)
Description of new issue
Issue date
Maturity
date
Number of
days to
maturity
Amount of
bids
tendered
Amount of bids accepted
In
exchange
Amount
maturing on
issue date
of new
offering
Total immatured issues
outstanding
after new
issueis
Total
amount
On competi
tive basis
On nonccanpetitive basis 1/
1 ,800.1
1,699.8
1,699.7
l,700.f
1,562.4
1 ,388.2
1,370.3
1,369.7
237-7
311.6
329-3
331.1
6 7.8
28.4
59.0
39.0
1 ,800.0
1 ,802.6
1 ,700.1
1 ,700.2
1 ,700.1
1 ,700,1
1 ,T01.3
1,699.9
1,436.3
1,407.1
1,370.8
1 ,392.0
263.7
293.1
330.5
307.9
51.0
25.1
49.5
30 .8
1,700.3
1,699.9
1 ,700.6
1 ,701.6
22 ,518.2
22,415.5
22,415.0
22,415.7
22,415.4
22,415.7
22,416.3
22,414.6
Regular weekly bills:
Mar.
Mar.
Mar.
1958-June
June
June
June
5
12
19
26
91
91
91
91
Apr,
Apr.
Apr.
Apr.
July
July
July
July
3
10
17
24
91
91
91
91
May
May
8 ..........
May
May
May
June
June
June
June
91
91
91
91
91
91
91
91
91
91
91
91
91
91
2,801.5
2,653.3
2,634.4
2,504.4
2,383.7
2,414.9
2,450.0
2,471.8
2,471.0
1,701.7
1,700.4
1 ,700.0
1 ,800.8
1 ,800.2
1,411.8
1,409.7
1,411.9
1,555.9
1 ,609.6
289.9
290.7
288.1
244.8
190.6
137.9
110.8
22.9
131.3
124.4
1 ,700.6
1,699.7
1,709.5
L,8oo.7
1 ,802.2
22,415.7
22,416.4
22,406.9
22,407.0
22,405.0
1 ,800.2
1 ,700.2
1 ,701.0
1,700.4
1,633.3
1,463.1
1,439.9
1,432.8
166.9
237.1
261.2
267.6
139.6
140.4
151.0
177.0
1 ,800.1
1 ,699.8
1,699.7
1 ,700.8
22,405.0
22,405.4
22,406.7
22,406.3
July
July
July
July
July 31 .........
July 31
Aug. 7
Aug. 14
Aug. 21
Aug. 28
Sept. 4
Sept.11
Sept.18
Sept.25
Oct. 2
Oct. 9
Oct. 16
Oct. 23
Oct. 30
2,329.3
2,320.9
2,652.3
2,593.4
2,754.0
1,699.8
1 ,700.1
1,699.2
1,700.4
1,700.3
1,479.4
1,467.0
1,402.2
1,415.5
1,444.7
220.4
233.2
296.9
284.9
255.6
239.4
20.3
30.3
29.7
23.2
1 ,700.1
1 ,700.1
1,701.3
1,699.9
1,701.7
22,406.1
22,406.0
22,403.9
22,404.4
22,403.0
Aug. 7 .........
Aug. 14 .........
Aug. 2 1 .........
Aug.
Nov. 6
Nov. 13
Nov..20
Nov. 28
91
91
91
92
3,429.3
2,481.8
2,515.3
2,463.3
1 ,700.0
1,699.2
1,799-8
1,799-9
1,448.5
1,414.4
1,514.6
1,527.7
251.5
284.8
285.2
272.2
2 1 .7
22.0
230.2
226.8
1,700.4
1 ,700.0
1 ,800.8
1 ,800.?
22,402.6
22,401.8
22,400.9
22,400.6
2,194.7
2,436.3
2,506.5
2,479-7
2,204.6
2 ,272.0
2,727-5
2,594.0
On competitive bids accepted -
On total bids accepted Issue date
Regular weekly bills:
1958-Mar. 6 ..........
Mar. 13..........
Mar. 20..........
Mar. 27..........
Apr. 3..........
Apr. 10..........
Apr. 17..........
Average price
per hundred
Equivalent average
rate 2/
High
Equivalent rate 2J
Price per hundred
(Percent)
(Percent)
99.670 ,
99.660 y
99.671
99.704
99.710
99.729
99.690
99.733
1.351
1.532
1.342
1.188
1.148
1.074
1.226
1.055
May 1..........
May
8 ..........
May 15..........
May 22..........
May 29..........
99.655
99.700
99.719
99.765
99.840
1.366
1.187
1.112
.930
.635
July 3..........
July 10..........
July 17*.........
JvOj 2h...........
July 31 .........
99.817
99.787
99.759
99.746
99.806
99.764
99.713
99.750
99-751
99.706
99.615
99.521
99.448
.723
.841
.953
1.006
.768
.934
1.136
.988
.984
99.671 6/
99.703 jJ
99.730
99.770
99.852
99.840
99.803 8/
99.850
99.759
99.815
99.793
99.724 2/
99.757 10/
99.767
99.729 11/
99.640 12/
99.539 ldJ
99-469 14/
Aug.
7 .........
Aug. 2 1 .........
Aug. 28p.........
99.658
99.613
99.661
99.700
1,164
1.524
1.895
2 .161
Source: Bureau of the Public Debt. Preliminary figure a are from
subscription and allotment reports; final figures are on
"clearance" basis in daily Treasury statement,
l/ Tenders for $200,000 or less from any one bidder are accepted
in full at average price an accepted competitive bids.
2/ Bank discount basis,
i/ Except $100,000 at 99.684.
kj Except $1,000,000 at 99-760, and $550,000 at 99*750.
5/ Except $300,000 at 99-752.
6j Except $200,000 at 99.750, and $200,000 at 99-722.
j J Except $100,000 at 99-709-
Low
Price per hundred Equivalent rate 2/
99.725
99.740
99.729 y
99.744 <2/
1.305
1.345
1.302
1.171
1.088
1.029
1.072
1.013
99.646
99.609
99.657
99.696
99.696
99.720
99.688
99.729
1.302
1.175
1.068
.910
.585
.633
.779
.593
.953
.732
.819
1.092
.961
.922
99.652
99.699
99.715
99.761
99-830
99-810
99.782
99-755
99-743
99,800
99-7^8
99-706
99.746
99.746
1.072
1.424
1.824
2.078
99.696
99.602
99.512
99^36
(Percent)
1.400
1.547
1.357
1.203
1.203
1.108
1.234
1.072
1.377
1.191
1.127
.945
.673
.752
.862
.969
1.017
.791
.997
1.163
1.005
1.005
1.203
1-575
1-931
2.207
8/ Except $2,000,000 at 99-820, $20,000 at 99-817, and $2,370,000
at 99.810.
o/ Except $550,000 at 99-800, $1,000,000 at 99-770, $215,000 at
99.765, $1 ,000,000 at 99-750, and $400,000 at 99-74310/ Except $100,000 at 99.793, and $300,000 at 99 -765 11/ Except $300,000 at 99-755, $600,000 at 99-751, $300,000 at 99-750,
$25,000 at 99.747, and $200,000 at 99-746.
12/ Except $210,000 at 99-706, and $400,000 at 99.696.
12/ Except $350,000 at 99-545.
14/ Except $200,000 at 99.539, $300,000. at 99.520, $650,000 at 99.502,
and $100,000 at 99-490.
p Preliminary.
September 1958
27
______________________ DEBT OPERATIONS_______________________
Table 3.- Summary of New Money Financing through Treasury Bills
(Dollar amounts In milliona)
Description of issue
Issue
date
New money raised from Number of
days to
maturity
Maturity
date
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted l/
Increase in regu
lar weekly bills,
or decrease (-)
Tax anticipa
tion bills
Other
bills
(Percent)
1953-Apr. 23....
May
T....
May 21....
May 28....
Jun® 18....
June 25....
July 2 ....
July 9....
July 16....
Sept.10....
1954-Mar. 22....
Apr. 27....
1955-July
July
July
July
7....
Ik....
21....
28....
Aug. k....
Aug. 11....
Aug. 25....
_
-
800
-
-
23
6
20
27
18
3
10
17
2k
1
8
15
10
91
91
91
91
107
91
91
91
91
91
91
91
91
2,202
1,501
2.320
100
2,166
2,340
2,087
1,676
1,782
2,290
2,207
1,985
2,192
2,167
2,277
2,023
1,500
1,501
1,501
800
1,500
1,400
1,501
1,500
1,500
1,501
1,500
1,501
2.352
2.092
2.084
2.383
2.416
2.323
2.228
1.95^
2.106
2.007
2.106
1.953
200
200
200
199
198
300
300
300
100
100
101
195k-June 2k
9k
2,717
1,501
-
52
2,987
.956
.726
-
18
1,501
1,001
-
1,001
-
91
91
91
91
2,119
2,258
2,390
2,403
2,328
2,292
2,369
2,178
1,600
1,600
1,600
1,601
1.5^1
1.606
1.619
1.720
99
100
100
100
1,601
1,601
1,601
1,600
100
98
100
100
1,600
1,602
1,602
1,601
1,601
1.850
1.839
1.888
1.875
2.088
2.135
2.104
1.981
2.122
1953-July
Aug.
Aug.
Aug.
Sept.
Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
Oct.
Dec.
June
1
6
I955-Oct.
Oct. 13
Oct. 20
Oct. 27
Nov.
3
Nov. 10
Nov. 17
Nov. 25
Dec. 1
Dec. 8
Dec. 15
Dec. 22
Dec. 29
1956-Mar. 23
91
91
91
92
_
-
_
_
~
-
99
2,202
2,282
2,654
2,328
2,317
4,130
1,501
2.465
-
1957-Jan.
16
91
4,761
1,603
2.627
-
-
1,603
Nov. 16....
Feb.
95
4,637
3,786
1,750
1,006
2.585
-
1,006
1,750
Mar.
15
22
91
Dec. 17....
June 2k
May
2
159
91
2,414
2,624
1,601
1,700
3.305
3.283
99
May
9
May
16
June 2k
May 23
May
31
6
June
June 13
Sept. 23
91
91
129
91
92
91
91
2,626
2,719
2,302
2,580
2,741
2,769
2,830
1,700
1,700
1,750
1,800
1,802
1,800
1,802
3.133
3.057
3.231
3.182
3.288
3.246
3.239
99
99
200
202
200
202
Sept. 1....
Sapt.15....
Sept.22....
Sept .29....
Dec. 15....
1956-Oct. 17....
1957-Jan. 16....
Jan. 31....
Feb.
Feb.
Feb.
Feb.
Feb.
Mar.
Mar.
7 ....
Ik,.....
15....
21....
28....
7....
Ik....
May 27....
July
Dec.
Dec.
1958-Jan.
Jan.
Jan.
Jan.
Mar.
3 ......
19....
26....
2....
9 ....
16....
23....
13....
1958-Mar.
Apr.
2k
15
Mar. 20
Mar. 27
Apr.
3
Apr. 10
Apr. 17
Apr. 2k
June 12
91
91
91
91
91
99
102
99
98
101
2.617
3,689
1,501
2.825
-
3.485
4.173
3.140
3.173
-
91
91
3,002
1,751
1,700
1,700
100
98
91
91
91
91
91
2,388
2,430
2,682
2,751
2,436
1,700
1,700
1,701
1,702
1,700
2.753
2.858
2.591
2.587
1.532
101
100
100
100
-100
Source: See Table 2. Information in Table 3 covers bill offerings
January 2, 1953, through August 31, 1958*
1/ Equivalent average rate on bank discount basis.
2/ Tax anticipation bills dated January 16, 1957, were offered
-
-
2/
4,547
3,178
2,348
2 ,4l6
119
264
237
1,501
1/
1,501
3,002
-
_
1 ,75 1 y
_
-
_
_
_
-
-
for cash and in exchange for special bills maturing January 16.
2/ Tax anticipation bills dated February 15, 1957, were offered
for cash and in exchange for special bills maturing February 15.
4/ Included in February 14, 1958, refunding (see Table 6 ).
Treasury Bulletin
28
DEBT OPERATIONS
Table 4.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Date
subscription
books were
opened
2/2/53
y
k/13/53
5/20/53
7/6/53
8/5/53
9/2/53
y
10/28/53
n / 18/53
2/1/5*
y
5 A M
5/5/5*
Period to -
Date
of
issue
Description of security
Maturity
2/15/53
2/15/53
*/l/53
2-l/*$ Certificate
2-1/2$ Bond
1-1/2$ Note
- 2/15/5*-A
12/15/58 2/
*/l/58-EA
5/1/53
6/1/53
7/15/53
3 -lA $ Bond
6/15/78-83
- 6/l/5*-B
- 3 /22/5*-c
8/15/53
2-5/8$ Certificate
2-1/2$ Certificate
(tax ant. 2/)
2 -5/8$ Certificate - 8/l5/5*-D
9/15/53
9/15/53
10/1/53
2-5/8$ Certificate
2-7/8$ Note
1-1/2$ Note
11/9/53
2-3/*$ Bond
12/1/53
2/15/53
2/15/5*
2/15/5*
*/l/5*
1-7/8$
2-1/2$
1-5/8$
2-1/2$
1-1/2$
Note
Bond
Certificate
Bond
Note
5/17/5*
1-7/8$ Note
£ m
10 a
8,175
1,7*8
7,007
11,177
119
* yr
9 m
9,750
_
9,250
2 /15/59-A
'2/15/55
2/15/55
2/15/55
3/22/55
*/l/55
y
5/3 /5 5
*/l/55
5/17/55
7 /8/55
7/18/55
7 /11/55
2/15/55
n / 28/55
3 /5/56
y
1 /16/56
8/6/56
10/1/55
1 12/1/55
t 12/1/55
*/l/56
7/16/56
8/15/56
1 yr
7? m
1 yr
6 yr
2 yr
3/15/56-A
8/15/57-C
2/15/95 15/
1 yr
2 yr
*0 yr
1-3/8$ Certificate (tax ant. 16/)
1-1/2$ Note
2$
Note
1-7/8$ Certificate (tax ant. 19/)
3$
Bond
6/22/55-F
*/l/60“EA
8/15/56-b 11/
3 /22/56-A
5 yr
1 yr
2/15/95 12/
*0 yr
Certificate - 6/22/56-B
(tax ant. 22/)
8/15/56-B 11/
Note
2-l/*$ Certificate - 6/22/56-C
(tax ant. 22/)
10/1/60-E0
1-1/2$ Note
2-7/8$
2-5/8$
2-7/8$
1-1/2$
2-3/*$
2-3/*$
Note
Certificate
Note
Note
Note
Certificate
- 12/1/56-D
6/15/58-A 2*/
- 2/15/57-A
6/15/58-A 2*/
*/l/6l-EA
8/1/57-D
- 3/22/57-B
1-1/2$ Note
2/*/57
12/1/56
f 2/15/57
[2/15/57
3-1A # Certificate (tax ant. 27/)
3-l/*$ Certificate 3-3/8$ Certificate 3-1/2$ Note
3/18/57
f 2 /15/57
I 2/15/57
3-3/8$
3 -1 /2$
1-1/2$
*/l/57
*/
3-1/2$
{ 5 /1 /5 7
5/6/57
3-5/8$
1 5 /1 /5 7
Footnotes at end of table.
10/1/61-E0
6/2*/57-C
_
3 m
7? a
5 yr
1-5/8$ Note
2$
Note
3$
Bond
12/1/56
n / 19/56
8/15/55-D ii/
11/15/60
5/15/57-B
lO/l/59-BO
10/1/56
y
5/1 7 /55-B
3/22/55-c
1 yr
1 yr
8 yr
2-5/8$ Certificate
2,239
yr
yr
yr
yr
yr
2/1/55
1 12/1/55
j 100
J
100
-
11/22/5*
y
*,72*
2,997
121
_
-
- 8/15/55-D li/
- 12/15/55-E
8/15/63
2$
100
-
12,5*3
l-l/8$ Certificate
l-l/* $ Certificate
2-1/2$ Bond
8/1/55
2,788
m
8/15/5*
12/15/5*
12/15/5*
5/17/55
-
10
9 a
1 yr
8
a
1
6
a
m
.
_
-
-
2,205
3,73*
2,897
3,886
-
1 100
J
3,558
3,806
-
_
*,155
3,558
3.806
-
99
8,1*72
3,792
1,92*
-
-
*,919
5,359
6,755
99
1 100
J
1y
100
*,919
5,359
6,755
1
f 100
J
8 ,*72
3,792
1,92*
1
198
3,17*
-
100
18/
20/
21/
-
821
-
10* a
_
1,*86
_
1,*86
3 a
-
6 ,8*1
-
6 ,8*1
a
8,778
-
2,970
-
-
278
-
278
9,083
2,283
7,219
2,109
1**
12,056
-
3,221
9,083
2 ,283
7,219
2,109
1**
32,056
-
332
-
1
7 a
7 a
-
10,613
-
5 yr
6^ m
10 a
10/1/57-D
2/1H/58-A1
I I1 y*’
5/15/60-Aj S2/ 13 yr
3 a
Certificate - 2 /l*/58-A 28y Jl yr
3 *
5/15/60-A
]3 yr
Note
*/l/62-EA
5 yr
Note
ll£ m
Certificate - */l5/58-B
* yr
Note_______ ^ 2 /15/62 -A
(Continued on following page)
332
_
1,312
-
1,312
-
7,271
8,*1*
1 ,*6*
-
7,271
8 >l*
1 ,*6*
-
2, *37
9*2
551
2,351
6*7
-
_
-
7,*89
5,868
_
-
100
J
-
198
3,17*
-
11? a
6 a
22/
2,532
2,202
_
-
10/
-
12/
3,989
10,620
a
} 100
J
100
-
3 m
8 a
6
} 100
J
2,897
3,886
-
3,210
1,720
2/
-
-
-
1 yr
2 yr
5 yr
1 yr
8,190
6/
100
8/
8,175
1,7*8
7,007
11,177
119
7,938
5 yr
2 yr
-
-
2j a
8
100
*18 ^/
*,858
-
7 yr
1
5
1
7
5
100
I
2,788
9/15/61
12/l5/5*-B
12/15/58 1/
- 2/15/55-A
11/15/61
*/l/59-EA
\
-
1-1/2$ Note
10/11/55
1 yr
8 ,11*
620
383
Allot
ment
ratio
8,687
*18 1 /
*,858
m
10/1/5*
10/3 /5 5
8 a
In exchange
for other
securities 2/
1,188
5,902
5,250
6
y
7 /20/55
25 yr l£
For
cash 1/
(In millions of dollars)
8 ,11*
620
383
1 yr
3 yr
5 yr
9/23/5*
2$
_
-
10 a
ii a
Exchange
- 9/l5/5*“2
3/15/57-A
lO/l/58-BO
8/15/5*
8/15/5*
10/*/5*
8/3/5*
5/17/5*
8/2/5*
yr
yr
yr
yr
yr
Cash 1/
*,72*
2,997
121
1-1/8$ Certificate 1$
Certificate (tax ant. 1 1 /)
1-1/8$ Certificate 2-1/8$ Bond
1-5/8$ Note
7/21/5*
1
5
5
30
1
Amount issued
Amount of
subscriptions
tendered
_
-
-
551
2,351
6*7
100
21 /
100
\ 100
J
100
100
100
26/
100
•100
I 100
} 22/
100
j 100
September 1958
29
.DEBT OPERATIONS.
Table 4 . - Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness-(Continued)
Date
subscription
books were
opened
Amount of
subscriptions
tendered
Period to Date
of
Issue
Description of security
Maturity
First call
Cash l/
Exchange
Amount Issued
Allotment
I* erohangs
For
ratio
cash 1/ for other
securities 2/
(in millions of dollars)
T/22 /57
f v,11? 1
8/1/57
k 8 /1 /5 7
3-5/8# C ertificate 4#
C ertificate 4#
Note
-
9/16/57
r 8/ 1 /5 7
9/2 6 /5 7
10/1 /5 7
4#
4#
4#
Certificate - 8 / 1 / 58 -C 22/
Note
- 8/15/62-B 21/
Bond
10/1/69
y
10/ 1/57
Note
11/20/57
fn/29/57
^ 12/2 /5 7
12/1/5 7
1-1/2#
3-3 A#
3-7/8#
3-3A #
n / 21/57
2 /3/58
2 /1U/58
2/1U/58
2 /14/58
2 /28/58
2 /28/58
-
12/l/57-E
8 / 1 / 58-C 22/
8/1/61-A ^1/
1 yr
4 yr
100
100
100
1 yr
4 yr
12 yr
3,067
6,121
4,648
Note
Bond
Certificate -
10/1/62-E0
11 / 15/62 -C
11/15M
12/l/58-D
4 yr
16 yr
1 yr
2-1/2# Certificate 3#
Bond
3-1/2# Bond
2/14/59-A
2/15/64
2/15/90
1 yr
6 yr
32 yr
5 yr
9,871
10,487
2,509
100
100
100
9,871
10,487
2,509
933
2,000
657
} 3lL/
2a/
590
590
7,786
3,817
j 100 22/
26/
1,143
654
XLJ
9,833
9,833
9,770
3,85^
1,727
9,770
3,85^
1,727
8/15/66
8 yr
V 7/58
tyi/58
u/15/58
1-1/2# Note
2-5/8# Note
4/1/63-EA
2/15/63-A
5 yr
4 yr
10m
15,7^1
3,971
22/
6/3/58
6/3/58
3-1/4# Bond
5/15/85
26 yr
11m
2,570
1,135
40/
6A /58
[6/15/58
[6/15/58
7 /21/58
8/1/58
7 /29/58
8/6/58
y
3#
Bond
1-lA # Certificate -
5k
5/15/59-B
2/15/65
6 yr
1,817p
7,388p
1-5/8# Certificate -
8/1/59-C
1 yr
13,501p
1-1/2# Certificate (tax ant. 4l/)
3/24/59-D
2-5/8# Bond
Sourcei Bureau of the Public Debt. Preliminary figures are from sub*
scription and allotment reports; final figures are on "clearance'
basis in daily Treasury statement.
l/ Consists of all public cash subscriptions and subscriptions by
ttaited States Government investment accounts.
2/ For maturing securities exchanged for the new Issues, see Table 6 .
2J The 2-1/2# bonds dated February 15, 1953, were reopened with all
the bonds of the series Identical in all respects, as an exchange
offering for the 2-1/8# notes which matured December 1, 1953 •
Total exchanges in the two offerings amounted to $2,368 million.
4/ Exchange offering available to owners of nonmarketable 2-3/4#
Treasury Bonds, Investment Series B-1975-80, dated April 1, 1951For further information on the original offering see “Treasury
Bulletin" for April 1951, page A-l. Amounts shown are as of
August 31, 1958.
^/ The bond offering wae made available for exchange of Series F and G
savings bonds maturing from May 1 through December 31, 1953.
6/ Total allotments on cash subscriptions were limited to approximately
$1,000 million. Nonbank subscriptions in amounts up to and Including
$5,000 were allotted in full. All other subscriptions were allotted
20 percent. Conmerclal banks* subscriptions were restricted to an
amount not exceeding 5 percent of their time deposits as of
December 31, 1952. The Treasury also reserved the right to allot
limited amounts of these bonds to Government Investment accounts,
which subscribed to a total amount of $118 million. Payment for the
bonds allotted could be made with accrued Interest at any time not
later than July 31, 1953.
2/ Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of income and profits taxes
due March 15, 195^.
8/ Subscriptions for amounts up to and including $100,000 were allotted
in full. Subscriptions for amounts over $100,000 were allotted 67
percent but in no case less than $100,000.
2/ Subscriptions for amounts up to and including $10,000 were allotted
in full. Subscriptions from mutual savings banks, insurance compan
ies, pension and retirement funds, and State and local governments
4ere allotted 24 percent. All others, including commercial banks,
were allotted 16 percent but not less than $10,000 on any one
subscription.
10/ Subscriptions for amounts up to and including $10,000 were allotted
in full. All other subscriptions were allotted 22 percent but in no
ca.se less than $10,000.
11/ Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of income and profits taxes
due March 15, 1955.
12/ Subscriptions for amounts up to and including $50,000 were allotted
in full. Subscriptions for amounts over $50,000 were allotted
355
355
Urn
5,962p
28/
1,484
6,715
1,817P
7,388p
13,501p
3,567p
100
k 100
100
42/
40 percent but in no case less than $50,000.
13/ The 1-1/8# certificates dated August 15, 195V* were reopened with
all the certificates of the series identical in all respects, as an
exchange offering for the 1-7/8# notes which matured December 15,
195^, the 2# bonds which matured December 15, 195^, and the 2# bonds
which were called for redemption on December 15, 1951*• Total ex
changes In the two offerings amounted to $8,477 million.
14/ Subscriptions for amounts up to and Including $50,000 were allotted
in full. Subscriptions for amounts over $50,000 were allotted 50
percent but in no case less, than $50,000.
15/ The 3# bonds dated February 15, 1955, were reopened with all the bonds
of the series identical in all respects, as an additional cash offering
on July 11, 1955, for payment July 20, 1955. The total amount issued
in the two operations was $2,745 million.
16/ Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of income and profits taxes
due June 15, 1955*
17/ The. 2# notes dated May 17, 1955, were reopened with all the notes of
the series identical in all respects, as an exchange offering for the
1-1/8# certificates maturing August 15, 1955* Total exchanges in the
two offerings amounted to $10,015 million.
18/ Cash subscriptions for $100,000 or less were allotted in full. Sub
scriptions for more than $100,000 were allotted 62 percent but in no
case less than $100,000.
19/ Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of Income and profits taxes
due March 15, 1956.
20/ Subscriptions for $100,000 or less were allotted in full. Subscrip
tions for more than $100,000 were allotted 19 percent but in no case
less than $100,000.
21/ Subscriptions from savings-type investors totaled $749 million and
were allotted 65 percent. Subscriptions from all other Investors
totaled $970 million and were allotted 30 peroent. Subscriptions
for $25,000 or less were allotted in full. Subscriptions for more
than $25,000 were allotted not less than $25,000. In addition to the
amount allotted to the public, $25 million of the bonds were allotted
to Government Investment accounts. Savings-type investors were given
the privilege of deferring payment for the bonds, provided that not
less than 25 percent of the bonds allotted were paid for by July 20,
1955^ not less than 60 percent by September 1, 1955, and full payment
by October 3, 1955.
22/ Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of Income and profits taxes
due June 15, 1956.
23/ Subscriptions for $100,000 or less were allotted in full. Subscrip
tions for more than $100,000 were allotted 32 percent but in no case
less than $100,000.
Remaining footnotes on following page.
Treasury Bulletin
30
DEBT OPERATIONS
Footnotes to Table 4 - (Continued)
2k/ The 2-7/8$ notes dated December 1, 1955, were reopened with all the
notes of the series identical in all respects, as a partial exchange
offering for the 1-5/8% notes maturing March 15, 1956. Total ex
changes in the two offerings amounted to $^,392 million.
25/ Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of Income and profits taxes
due March 15, 195726/ Subscriptions for $100,000 or less were allotted in full. Subscrip
tions for more than $100,000 were allotted 29 percent but in no case
less than $100,000.
27/ Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of income and profits taxes
due June 15, 1957.
28/ The 3-3/8$ certificates dated February 15, 1957, and the 3-l/2$ notes
dated February 15, 1957, were reopened with all the certificates and
notes of each series identical in all respects, as an additional cash
offering on March 18, 1957, for payment March 28, 1957. Total issues
in the two offerings amounted to $10,851 million for the certificates
and $2 ,U06 million for the notes.
29/ Subscriptions in excess of $100,000 were allotted 31 percent for the
certificates and 12 percent for the notes. Subscriptions for $100,000
or less for both issues were allotted in full and subscriptions for
more than $100,000 were allotted not less than $100,000. In addition
to the amount allotted to the public, $100 ml 11 ion of the notes were
allotted to Government investment accounts.
30/ The
certificates dated August 1, 1957, were reopened with all the
certificates of the series identical in all respects, as an additional
cash offering on September l6 , 1957, for payment September 26, 1957.
The total amount issued in the two operations was $11,519 million.
31/ Redeemable at the option of the holder on August 1, 1959, on three
months' advance notice.
32/ In addition to the amounts issued in exchange, the Treasury allotted
$100 million of each issue to Government investment accounts.
21/ Redeemable at the option of the holder on February 15, 19^0, on three
months* advance notice.
3U/ Subscriptions in excess of $100,000 were allotted 22 percent for the
certificates and 28 percent for the notes. Subscriptions for $100,000
or less for both Issues were allotted in full, and subscriptions for
more than $100,000 were allotted not less than $100,000. In addition
to the amounts allotted to the public, $100 million of each issue
were allotted to Government investment accounts.
35/ Subscriptions for $50,000 or less were allotted in full. Subscrip
tions for more than $50,000 were allotted 10 percent but in no case
less than $50,000. In addition to the amount allotted to the public,
$100 million of the bonds were allotted to Government investment
accounts. Payment for not more than 50 percent of the bonds allotted
could be deferred until not later than October 21, 1957.
36/ Subscriptions for $10,000 or less were allotted in full. Subscrip
tions for more than $10,000 were allotted 25 percent to savings-type
investors and 12 percent to all other subscribers, but in no case
less than $10,000. In addition to the amount allotted to the public,
$100 million of the notes were allotted to Government investment
accounts.
37/ Subscriptions for $10,000 or less were allotted in full. Subscrip
tions for more than $10,000 were allotted 26 percent to savings-type
investors and 10 percent to all other subscribers, but in no case
less than $10,000. In addition to the amount allotted to the public,
$100 million of the bonds were allotted to Government investment
accounts.
38/ Subscriptions for $10,000 or less were allotted in full. Subscrip
tions for more than $10,000 were allotted 20 percent but in no case
less than $10,000. In addition to the amount allotted to the public,
$100 million of the bonds were allotted to Government investment
accounts.
39/ Subscriptions for $25,000 or less were allotted in full. Subscrip
tions for more than $25,000 were allotted 2k percent but in no case
less than $25,000. In addition to the amount allotted to the public,
$100 million of the notes were allotted to Government investment
accounts.
koj Subscriptions for $5,000 or less were allotted in full. Subscriptions
for more than $5,000 were allotted 60 percent to savings-type in
vestors, U0 percent to commercial banks for their own account, and
25 percent to all other subscribers, but in no case less then $5 ,000.
In addition to the amount allotted to the public, $100 million of the
bonds were allotted to Government investment accounts.
kl/ Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of income and profits taxes
due March 15, 1959.
k2/ Subscriptions for $100,000 or less were allotted in full. Subscriptions
for more than $100,000 were allotted 59 percent but in no case less than
$100,000.
p Preliminary.
September 1958
31
.DEBT OPERATIONS.
Table 5*- Allotments by Investor Classes on Subscriptions for Marketable Issues of Treasury
Bonds, Notes, and Certificates of Indebtedness l !
(in Millions of dollars)
Allotments by Investor classes
Date of
financ
ing
Description of security
{ 2-1A * Cert. 2 /I5/5*-A
2/15/53 12-1/2$ Bond
12/15/58
5/1/53
3-lA$ Bond
6/15/78-83
2-5/8$ Cert.
6/1/5*-B
7/15/53
2-1/2$ Cert.
3 /22/5*-C 8/
8/15/53
2-5/8$ Cert.
8/15/5*-D
9/15/53 f2-5/8$ Cert. 9/15/5*-E
[2-7/8$ Note 3/15/57-A
2-3 A * Bond
9/15/61
Coxsaeroial
banks
2/
Indi Insur
vidu ance
compa
als
nies
i/
State and local
Private governments
Dealers All
Mutual Corpo pension
and
other
sav rations and re Pension
ings
tirement and re Other brokers 6/
*/
tire
banks
funds
funds
ment
funds
8,11*
620
3,698
3
2,279
***
187
6
150
9
55
20
2/
1/
If.
JJ
230
13
152
100
1,363
25
*18
*,858
118
1
1,153
131
1
2,015
261
287
98
98
19
113
99
13
77
2/
2/
75
12
366
158
*
162
2*8
85
87*
5,902
-
-
*,520
56
*0
100
917
*
1
68
115
81
-
2,788
175
1,329
117
82
27
*11
*8
2
156
79
362
-
*,72*
2,997
863
1,279
2,276
106
*2
131
1*0
96
86
65*
155
50
3
6
2
279
*0
219
188
1 ,0*1
65
-
6/1/53
11/9/53
XJ. S. Gov
Amount Issued
ernment
investment
In
accounts
exchange and
For
for other Federal
cash
securi Beserve
ties
Banks
| 1,188
lJ,
1/
1/
2,239
-
50
1,296
127
190
165
93
*9
19
16
170
6*
f1 -7/8$ Hote 12/15/5*-B
12/1/53 \2-l/2$ Bond
12/15/58
2/
-
8,175
1 ,7*8
6,997
5
360
1,17*
112
*3
12
61
2
52
339
110
1
13
1
1
100
26
*2
169
209
9*
f1-5/8$ Cert. 2/15/55-A
2/15/5* [2 -1/2$ Bond 11/15/61
-
7,007
11,177
3,922
10
1,508
8,733
152
209
*6
*67
7
218
756
535
6
92
*
7
269
163
123
*50
218
293
26
175
*1
68
1*6
7*
28
139
23
*
216
2*7
558
36
20
6
*
1
37
103
29*
219
276
76
73
130
180
f1-7/8$ Note
2/15/59-A
| 2,205
2,897
3,886
1,686
1,138
1,982
986
3,73*
-
1
2,011
39
59
*1
1 ,1*6
3
1
156
192
85
-
3,558
3,806
995
10
8*7
3,091
115
5*
*7
100
30
31
751
120
*5
18
*
2
369
68
117
182
238
130
5/17/5*
[l-l/8$ Cert.
8/2/5*
1$
Cert.
5/17/55-B
3/22/55-C 8/
f 1-1/8$ Cert. 8/15/55-D
8/15/5* |^2-l/8$ Bond 11/15/60
10/*/5*
12/15/5*
2/15/55
*/l/55
1-5/8$ Hote
5/15/57-B
f1-1/8$ Cert. 8/15/55-D 10/
1-lAi Cert. 12/15/55-®
2-1/2$ Bond
8/15/63
1-5/8$ Note
2$
Note
J3$
Bond
1-3/8$ Cert.
6/22/55-F 8/
-
12
2,718
1*1
98
70
*97
69
2
87
3**
117
-
*,919
5,359
6,755
*,763
2,520
57
1,299
5,503
9
103
1**
1
*1
226
*
1*
1*2
30
662
152
13
5
37
#
11
6
311
156
6
120
2*0
3*
28*
1**
-
8 ,*72
3,792
1,92*
*,012
1
1
2,385
2 ,70*
1,190
112
69
70
63
123
130
15
*3
**
1,065
329
8*
36
3
10
*
*
1
308
128
23
256
232
35*
220
160
17
3,210
-
-
1,91*
2*
39
*
1,009
1
*
55
135
29
1,686
1,7*7
6lU
36
53
10
19
h
6
5*5
355
2
22
*
21
203
62
82
101
13*
988
1
28
1^,532
5/17/55
2$
7/18/55
1-7/8$ Cert.
3/22/56-A 8/
7/20/55
3$
Bond
2/15/95
8/15/56-B
Cert.
Note
2-lA$ Cert.
3,17*
12$
8/1/55 ]2$
10/11/55
Note
3/15/56-A
8/15/57-C
2/15/95
*,155
12/1/55 [2 -5/8$ Cert.
\2-7/8$ Note
2,202
-
-
1,0*7
37
17
1
1
*5
36
8ei
-
25
216
21
119
105
33
no
59
20
53
60
6/22/56-B 8/
8/15/56-B 1£/
-
l,*86
6 ,8*1
5,75*
387
*00
29
6*
21
32
10
9
666
205
5
31
2
3
96
151
222
7
*8
185
6/22/56-c 8/
2,970
-
-
1,782
**
18
*
976
*
1
38
65
*2
-
9,083
2,283
5,757
1
1,3*9
1,099
108
52
33
62
16
37
998
*78
*
2*
2
1
3*2
261
2*0
137
23*
131
-
7,219
2,109
’’I f
570
903
69
35
21
32
6
3*
852
5*8
26
13
1
319
195
39
191
288
1*0
U/
12/1/56-D
6/15/58-A
3/5/56 {2 -5/8$ Cert. 2 /15/57-A
6/15/58-A n /
(2=7/8$ Note
7/16/56
2-3/*$ Note
-
12,056
8,078
1,23*
1*0
67
22
1,313
20
19
680
57
*26
8/15/56
2-3A * Cert.
3/22/57-B 8/
3,221
-
-
2,175
2*
10
5
9*7
1
-
29
18
12
12/1/56 J3 -1 A * Cert.
]3-lA$ Cert.
6/2*/57-C 8/
10/1/57-D
-
1,312
7,271
15
6,135
358
55*
*8
66
7
10
*
9
589
198
3
7
*
99
161
60
23
129
108
8,*l*
1 ,*6*
5,708
131
1,159
725
116
21
*8
*7
26
31
573
11*
*9
1*
1
2
**8
6*
168
205
118
110
-
*
100
2,361
786
20
19
2
*
2
*
33
12
1
2
*
1
2
3
7
1*
6
2/15/57
f3-3/8$ Cert.
]3-l/2$ Note
8/1/57-D
2/l*/58-A
5/15/60-A
3/28/57 {3-3/8$ Cert. 2 /1*/58-a'f a /
5/15/60-A ^
(3*1/2$ Note
Footnotes at end of table.
{2 ,*37
t 9*2
(Continued on following page)
Treasury Bulletin
32
.DEBT OPERATIONS.
Table 5.- Allotments by Investor Classes on Subscriptions for Marketable Issues of Treasury
Bonds9 Notes, and Certificates of Indebtedness I/- (Continued)
Date of
financ
ing
Description of security
5/1/57
f3-lM> Cert.
13-5/8* Mote
8/1/57
[3-5/8* Cert.
Jfc*
Cert.
(**
Note
ft*
9/86/57 \**
Cert.
Note
12/1/57-E
8/1/58-C
8/1/61-A
8/1/58-C 16/
8/15/62-B
(In Billions of dollars)
Allotments by investor classes
tJ. S. Gov
Amount Issued
ernment
Private
Investment Commer Indi Insur Mutual
Corpo pension
accounts cial
sav
vidu ance
In
rations
and re
banks
compa ings
als
exchange and
For
tirement
2/
banks y
nies
1/
for other Federal
cash
funds
securi Beserve
Banks
ties
State and local
governments 2/
Dealers All
Pension
other
and re
Other brokers 6/
tire
funds
ment
funds
.
2,351
647
112
365
1,0*2
166
25
3
62
1*
1*
3
*87
*5
k2
1
*
*
272
9
91
29
20*
12
100
100
100
12/ 9,871
12/ 10,*87
12/ 2,509
7,991
650
1,606
1,39*
50
170
68
27
56
5*
17
*5
*8
691
827
17*
19
26
6
1
7
28
319
*78
215
129
1*1
129
77
*09
222
933
2,000
100 25J
756
100 12/ 1,*50
23
93
2
31
1
50
22
*9
2
5
*
-
6
10
2
2
175
15
39
12
9
5
1
79
120
59
6,822
271
Bond
10/1/69
657
-
100 12/
296
8k
US
21
20
11/29/57
3 -3A * Note
11/15/62-c
1,1*3
-
100 12/
663
39
62
58
28
5
8
12/1/57
3-3A * Cert.
3-7/8* Bond
12/1/58-D
65*
9,833
7,938
100 12/
658
3*
2k
2k
2
182
*3
60
98
599
23
33
189
29
1*
10
2/1U/59-A
2 /15/6U
2/15/90
1 ,U0U
2,780
520
171
81
87
18
176
68
k2
1,095
163
113
39
-
9,770
3,85*
1,727
70
2 / H /58
2 -I/2* Cert.
3*
Bond
3-1/2* Bond
*7
2
1
10
2 /28/58
3*
Bond
8/15/66
1 ,U8U
-
100 12/
676
113
53
85
1*5
7
UA5/58
2-5/8* Note
2/15/63-A
3,971
-
102 12/ 2,511
221
110
1*1
258
29
6/3/58
3-1A * Bond
fl-lA* Cert.
\2-5/8* Bond
5/15/85
5/15/59-B
2/15/65
1,135 P
100 12/
213
92
571
*,031
355
86
98
209
202
18
233
76
12
72
102
570
1,0*5
8/1/58
1-5/8* Cert.
8/1/59“C
3,589
160
8/6/58
1-1/2* Cert.
3,097
2k
10/1/57
12/2/57
6/15/58
**
11/15M
3 /2U/59-D 8/
-
-
1,817 p
7,388 p
13,501p
5,752
*8
82
7,213
3,567p
'
87
2
*3
1
903
303
137
52
202
173
306
£61
*58
2
588
81
77
16
15*
133
2
16
3*6
235
31
8
*8
*
*
9
191
190
127
*7
92U
1*1
210
311
26
*
8
537
18
552
10*
383
kk
Ik
1
'
Source: Based on subscription and allotment reports,
l/ Excludes the issuance of l-l/2* Treasury notes available in exchange
to holders of nonmarketable 2-3 A* Treasury bonds, Investment
Series B-1975-80.
Includes trust oompanles and stock savings banks.
Includes partnerships and personal trust accounts.
Exclusive of banks and Insurance companies.
Consists
of trust, sinking, and investment funds of State and local
I governments
and their agencies.
6/ Includes savings and loan associations, nonprofit institutions, and
investments of foreign balances and international accounts in this
country. Also includes corporations and private pension and retire*
15
aeut funds prior to July 15, 1953, financing.
Included in "All other."
Also designated tax anticipation certificates.
Additional offering of bonds issued February 15, JL953*
Additional offering of certificates Issued August 15, 195*.
Additional offering of bonds Issued February 15, 1955.
Additional offering of notes Issued Nay 17, 1955*
Aidltional offering of notes Issued December 1, 1955*
Additional offering of certificates and notes Issued February 15,
1957.
Issued in special allotment to GrovernsKmt Investment accounts.
Additional offering of certificates issued August 1, 1957.
Less than $500,000.
36
17
September 1958
33
DEBT OPERATIONS
Table 6«- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Called or maturing security 1/
Date of
refunding
or retire
ment
Issue
date
Description
Disposition offers
by Treasury
Amount
out
standing
Cash
retire
ment
Exchange
security
offered
Results of ex
change offers
Description of new
security offered
(See also Table *)
Turned
in
for
cash 2J
Exchanged
(in millions of dollars)
1-7/8* Certificate
2/15/53-A
3/1/52
8,868
8,868
I
8,73* i/
13*
Certificate Bond
-
6/15/53
1-7/8* Certificate
2*
Bond
^Total...........
6/1/53-B
6/15/53-55
7/1/52
10/7/* 0
*,963
725
5,688
*,963
725
5,688
*,*10
**8
*,858
553
277
829
Certificate - 6/1/5*-B
8/15/53
2*
Certificate
8/15/53-C
8/15/52
2,882
2,882
2,788
93
9/15/53
2*
Bond
9/15/51-53
9/l5/*3
7,986
7,986
7,7211/
12/1/53
2-1/8* Note
12/1/53-A
10/1/52
10,5*2
10 ,0*2
9,923 1/
/A/53
Certificate Certificate Note
Note
Bond
Certificate Bond
Certificate Bond
-
266
I
2/15/5*
r2-l/** Certificate
2/l5/5*-A
2/15/53
8,11*
8 ,11*
1-3/8* Mote
3/l5/5*-A
12/l5/*9
*,675
*,675
2*
Bond
2-1A * Bond
2-1/** Bond
6/15/52-5*
6/15/52-55
6/15/5*-56
6/26/**
2 /25/*2
7/22/*0
5,825
1,501
681
5,825
1,501
681
[Total...........
3/22/5*
500 2/
20,796
Certificate
Bond
Bond
Bond
3 /22/5*-C
6/15/52-54
6/15/52-55
6/15/5**56
7/15/53
6/26/**
2 /25/*2
7/22/*0
2-5/8* Certificate
6/l/5*-B
6/1/53
2-1/2*
2*
2-1A*
2-1/**
5/17/5*
5,902
20,796
108
r1,360
13,237
*,083
1,128
369
18,18*
78
1,7*3
373
311
1,505
322
273
f1,786
[2.897
238
51
38
7,285
6,783
502
f1,005
i1,728
[2,553
[2,078
1,7*3
373
311
*,858
175
8/15/5*-D
8/15/53
2,788
2,788
2-5/8* Certificate
9/l5/5*-E
9/15/53
*,72*
*,72*
7,512
7,512
7,36*
1*8
i-7/8* Note
55
93
12/l5/5*-B
12/1/53
8,175
8,175
*,*98
3,289
3*6
*3
2*
Bond
12/15/52-5*
12/1 /**
8,662
8,662
*07
1,983
6,028
2*3
2*
Bond
12/15/51-55
12/15/*1
510
510
1*
88
380
29
17,3*7
17,3*7
17,033
315
12/15/5*
1-1/8* Certificate -
1-1/8* Certificate 1-1/** Certificate 2-1/2* Bond
-
7,007
7,007
/ 5,735
\ 1,166
106
1-1/2* Note
3/15/55-A
3/15/50
5,365
5,365
/ 2 ,*1*
12,626
326
f 1-5/8* Note
[ 2*
Note
2-7/8* Bond
3/15/55-60
3/15/35
2 ,6ll
2,611
r 323
1 1 ,92*
36*
1*,983
1*,983
l*,l88
795
f1-5/8* Note
1 3*
Bond
8,*72 of 1-5/8* Note
3,792 of 2*
Note
1,92* of 3*
Bond
3,886
3,17*
712
2*
j
1*9
f2*
[2*
3/22/55
5/17/55
6/22/55
3/22/55-C
5/17/55-B
6/22/55-F
8/2/5*
5/17/5*
*/l/55
3,73*
3,886
3,210
8/1/55
1-1/8* Certificate
8/15/55-D
8/15/5*
8 ,*77
8 ,*77
/ 1,*86
\ 6 ,8*1
1-lA * Certificate
12/15/55-E
12/15/5*
5,359
5,359
(*,158
\ 81*
}
387
6,85*
6 ,85*
(*,985
ll,*69
|
*60
12,213
12,213
11,366
.Total...........
Footnotes at end of table.
12/15/55-B
12/15/50
8/15/55-D
12/15/55-E
8/15/63
1 -1/8* Certificate 8/15/55-D
1-1/** Certificate - 12/15/55-E
2-1/2* Bond
8/15/63
*,919 of 1-1/8* Certificate 8/
5,359 of l-l/** Certificate
6,755 of 2-1/2* Bond
1-5/8* Note
3/15/56-A
2*
Note
8/15/57-C
2/15/5*
1*
Certificate
1-1/8* Certificate
1-3/8* Certificate
5/17/55-B
3,558 of 1-1/8* Certificate 8/
3,806 of 2-1/8* Bond
1-1/8* Certificate 8/15/55-D
1-1/** Certificate - 12/15/55-E
2-1/2* Bond
8/15/63
2/15/55-A
1-3 A* Note
2 /15/55-A
11/15/61
1-1/8* Certificate 5/17/55-B
1-7/8* Note
2/15/59-A
3,886 of 1-1/8* Certificate
2,897 of 1-7/8* Note
1-1/8* Certificate 8/15/55-D
2-1/8* Bond
11/15/60
1-1/8* Certificate 8/15/55-D
2-1/8* Bond
11/15/60
1-5/8* Certificate
2/15/55
12/1/55
2/15/55-A
11/15/61
1,7*3 6/
Bond
11/15/61
373 £/
311 S/
2,612 6/ ’ 7,007 of 1-5/8* Certificate
11,177 of 2-1/2* Bond
2-5/8* Certificate
Total...........
8/l5/5*-D
9/15/5*-E
3/15/57-A
12/l5/5*-B
12/15/58 */
5,902 2/
7,285
8/15/5*
118
{5,6*7
12,360
2/l5/5*-A
12/15/58 */
3/15/56-A
8/15/57-C
3/15/56-A
2/15/95
3,73* 2/|
Note
8/15/56-B 10/
3,210 11/
(Continued on following page)
8*7
6/22/56-B 12/
Certificate
8/15/56-B 10/
Note
[2-5/8* Certificate
12/1/56-D
6/15/58-A
I2-7/8* Note
f2-5/8* Certificate
12/1/56-D
6/15/58-A
[2-7/8* Note
f 9,083 of 2-5/8* Certificate
[2,283 of 2-7/8* Note lj/
Treasury Bulletin
.DEBT OPERATIONS.
Table 6 .- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness i*/- (Continued)
Called or maturing security 1/
Date of
refunding
or retire
ment
Issue
date
Description
Disposition offers
by Treasury
Amount
out
standing
Cash
retire
ment
Exchange
security
offered
Results of ex
change offers
Description of new
security offered
(See also Table 4)
Turned
in for
cash 2J
Ex
changed
(in millions uf dollars)
3/5/56
1-5/8$ Note
3/15/56-A
2/15/55
1-1/2$ Note
4/1 /56-EA
4/1/51
8,472
8,472
( 6,215
{2,109
148
1,007
1,007
1,005
2
9,479
9,479
9,328
151
3 /22/56
1-7/8$ Certificate - 3/22/56-A
7/18/55
2,202
6/22/56
2$
Certificate - 6/22/56-B
8/1/55
1,486
1,486 £6/
6/22/56
2-1/4$ Certificate - 6/22/56-C
10/11/55
2,970
2,970 16/
2$
Note
1-1/2$ Note
5/17/55
10/1/51
12,5*7
550
159 11/
7/16/56
12,3
550
11,528
528
860
22
13,097
159
12,938
12,056
882
982
- 8/15/56-B
-10/1/56-BO
Total...........
[2 -5/8$ Certificate
[2-7/8$ Note
2/15/57-A
6/15/58-A
2-5/8$ Certificate - 2 /15/57-A
J7,219 of 2-5/8$ Certificate
[2,109 of 2-7/8$ Note 127
2,202 11/
■2-3 A * Note
8/1/57-D
9/15/56
2 -3 A$ Bond
9/15/56-59
9/15/36
982
12/1/56
2-5/8$ Certificate • 12/1/56-D
12/1/55
9,083
9,083
j1,312
[7,271
j
500
(3-lA* Certificate - 6/24/57-c
\3-lA* Certificate - 10/l/57-D
2/15/57
2-5/8$ Certificate
2/15/57-A
3/5/56
7,219
7,219
[6,394
I 543
} 282
(3-3/8* Certificate - 2/14/58-A
5/15/60-A
13-1/2* Note
2-7/8$ Note
3/15/57-A
9/15/53
2,997
2,997
f1,498
[ 920
J
578
(3-3/8* Certificate - 2/14/58-A
5/15/60-A
13-1/2* Note
1-1/2$ Note
Vl/57-EA
4/1/52
J"8,4l4 of 3-3/8$ Certificate
U,464 of 3-1/2$ Note
Total...........
522
9,878
870
4,155
2,351
I 647
]>.157
[3-1/2$ Certificate - 4/15/58-B
2/15/62-A
13-5/8$ Note
8,893
1,783
1,039
342
[3-5/8$ Certificate - 12/1/57-E
Certificate - 8/1/58-C
*$
Note
8/1/61-A
[*$
[3-5/8$ Certificate - 12/1/57-E
Certificate - 8/I/58-C
*$
|4$
Note
8/1/61-A
3-3/8* Certificate - 2 /14/58-A
8/15/56
3,2 21
■ 5/15/57-B
3.0/4/54
4,155
6/24/57-C
12/1/56
1,312
8/1/57-D
7/16/56
12,056
8/15/57-C
2/15/55
3,792
3,792
( 978
1,327
[l,ll8
369
3-1/4$ Certificate - lO/l/5 7-D
12/1/56
7 ,2 7 1
7,271
[6,634
I 319
318
-IO/I/5 7-BD
10/1/52
824
824
23,943
2-3/4$ Certificate
5/15/57
1-5/8$ Note
6/24/57
3 -lA $ Certificate
2-3/4$ Note
2$
Note
1-1/2$ Note
Total.....................
12/2/57
531
10,747
3/22/57-B
3/22/57
8/1/57
531
10,747
3,221 12/
1,312 20/
12,056
r
743
32
49
23,943
22,866
1,077
9,971
9,833
138
J4$
8/I/58-C
8/1/61-A
\4$
Certificate Note
(4$
1**
f 9,871
10,487
[2,509
3-3/4$
Certificate - 8/1 /58-C
Note
8/1/61-A
of 3-5/8$ Certificate
of 4$
Certificate
of 4$
Note
Certificate - 12/1/58-D
3-5/8$ Certificate - 12/1 /5 7 -E
8/1/57
9,971
3-3/8$ Certificate - 2/14/58-A
2/15/57
10,851
10,851
7,493
1,980
1,12 1
257
'2 -1 /2$ Certificate - 2/14/59-A
Bond
2/15/64
3-1/2$ Bond
2/15/90
343
592
350
164
'2 -1 /2$ Certificate - 2/14/59-A
Band
2/15/64
3*
.3-1/2$ Bond
2/15/90
2-1/2$ Bond
- 3/15/56-58
6/ 2 A 1
1,449
1,449
1-1/2$ Note
- 4/1/58-EA
4/1/53
383
383
Treasury bills
4/15/58
(Special issue; see Table 2)
8/21/57
1,751
1,751
3-1/2$ Certificate - 4/15/58-B
5/1/57
2,351
2,351
16,785
16,785
2/14/58
Footnotes at end of table.
(Continued on following page)
194
115
25
677
372
96
1,064
796
135
15,351
*9
607
357
1,433
"2 -1 /2$
3$
.3-1/2$
"2 -1 /2$
3$
,3-1/2$
"2 -1/2$
Certificate - 2/14/59-A
Bond
2/15/64
Bond
2/15/90
Certificate - 2/14/59-A
Bond
2/15/64
Bond
2/15/90
Certificate - 2 /14/59-A
2/15/64
3* , Bond
,3-1/2$ Bond
2/15/90
'9,770
of 2-1/2$ Certificate
3,854
of 3$
Bond
of 3-1/2$ Bond
.1,72 7
September 1958
35
DEBT OPERATIONS,
Table
Disposition of Matured Marketable Issues of Treasury Bonds* Notes,
and Certificates of Indebtedness 1*/- (Continued)
Date of
refunding
or retire
ment
Issue
date
Description
Results of ex
change offers
Disposition offers
by Treasury
Called or maturing security 1/
Amount
out
standing
Cash
retire
ment
Exchange
security
offered
Turned
in for
cash 2J
Ex
changed
Description of new
security offered
(See also Table *)
(In millions of dollars)
f l,01*p
I 3,196p
}
I8lp
rl-l/** Certificate
,2-5/8* Bond
5/15/59-B
2/15/65
f
\
91P
800p
|
28p
f 1-lA * Certificate
5/15/59-B
2/15/65
*,2*5
f 711P
\ 3,392p
]
l*2p
1-l/** Certificate
2-5/8* Bond
9,555
9 ,20*p
351p
12/1/55
*,392
*,392
- 6/15/58-63
6/15/38
919
919
6/15/58
7/1/52
*,2*5
9,555
2-7/8* Note
- 6/15/58-A
2-3 A * Bond
2-3/8* Bond
6/15/58
Total....
June '58
2-5/8* Bond
2/15/65
6/15/58
10* 21/
July *58
2-5/8* Bond
2/15/65
6/15/58
387 gl/
8 /1/58
**
Certificate- 8/1/58-C
2-1A* Bond
- 9/15/56-59 22/
8/1/57
2 /lA*
11,519
3,818
11,519
3,818
10,63*p
2 ,206p
885 p
l,6l2 p
2-3/8* Bond
3/1/52
927
927
66op
267p
16 ,26*
16,26*
13,501p
2,763p
- 3/15/57-59 §£/
Source: Bureau of the Public Debt. Preliminary figures are from subscription and allotment reports; final figures are on "clearance"
basis in daily Treasury statement,
l/ Original call and maturity dates are used.
2/ All by investors other than Federal Reserve Banks.
2/ For breakdown of total exchanges between the two new securities,
see Table *.
*/ The 2-1/2* bonds maturing December 15, 1958, were reopened for the
December 1, 1953, refunding (see Table *).
2/ On November 9, 1953, the Treasury purchased from the Federal
Reserve System and retired $500 million of the 2-l/8* Treasury
notes maturing December 1, 1953. For further detail see "Treasury
Bulletin" for November 1953, p®6« A-l.
6/ It had been announced that holders of these bonds would be given
an opportunity to exchange them for another Treasury issue after
February 15, 195*. This exchange offering was included in the
refundings of May 1 7 , 195*.
jJ Tax anticipation series; $2,669 million redeemed for taxes due
March 15, 195*, and $3,233 million redeemed for cash.
8/ The 1-1/8* certificates maturing August 15, 1955, were reopened
for the December 15, 195*. refunding (see Table *).
2j Tax anticipation series; $2,2l6 million redeemed for taxes due
March 15, 1955, and $1,518 million redeemed for cash.
10/ The 2* notes maturing August 15, 1956, were reopened for the
August 1, 1955, refunding (see Table *).
11/ Tax anticipation series; $1,917 million redeemed for taxes due
June 15, 1955, and $1,293 million redeemed for cash.
[2-5/8* Bond
5/15/59-B
2/15/65
I"1,8jL7P of 1“1A* Certificate
7,388P of 2-5/8* Bond
1-5/8* Certificate
-
8/1/59-C
12/ Also designated tax anticipation certificates, acceptable at par
plus accrued interest to maturity in payment of income and profits
taxes due June 15, 1956.
13/ The 2-7/8* notes maturing June 15, 1958, were reopened for the
March 5, 1956, refunding (see Table *).
1*/ Also Treasury bills in the refunding of February 1*, 1958.
15/ Tax anticipation series; $1 ,67* million redeemed for taxes due
March 15, 1956, and $528 million redeemed for cash.
16/ Tax anticipation series; of the 2* certificates $1,013 million
were redeemed for taxes and $*73 million for cash; and of the 2 -l/**
certificates $1,89 1 million were redeemed for taxes and $1,079
million for cash.
17/ During June 1956, $159 million of 2* Treasury notes maturing August 15,
1956, were purchased by the Treasury for account of the Sinking Fund
and retired.
18/ Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of income and profits taxes
due June 15, 1957.
19/ Tax anticipation series; $1,922 million redeemed for taxes due
March 15, 1957, and $1,299 million redeemed for cash.
20/ Tax anticipation series; $620 million redeemed for taxes due
June 15, 1957, and $692 million redeemed for cash.
21/ During June and July 1958, $*91 million of the 2-5/8* Treasury bonds
of 1965 were purchased by the Treasury for retirement under Section 19
of the Second Liberty Bond Act, as amended (31 U.S.C. 75**).
22/ Called on May 1*, 1958, for redemption on September 15, 1958.
p Preliminary.
Treasury Bulletin
36
.UNITED STATES SAVINGS BONDS.
United States savings bonds were first offered in
of these changes appear in the May 1952 Bulletin, page A-l.
March 1935 ancl began to mature in March 19 ^5 • Series A-D
were sold between March 1935 and the end of April 19^1,
and Series E, F, and <3 were first offered in May 19^1.
When Series E began to mature on May 1, 1 9 51 * owners of
the matured bonds were offered three options: To redeem
the bonds in cash in accordance with the criginal terms;
to retain them with an extended maturity of 10 years at
specified rates of interest accrual; or to exchange them
for Series 0 bonds. A number of changes became effective
May 1, 19 5 2 .
The principal ones were:
The rate of
interest accrual on Series E was increased, especially for
the near term, with corresponding ohanges in extended
S er i e s E; and Series F and G were replaced by two new
Series F and 0 began to mature on May 1, 1953- For
exchange offering made to holders of these bonds maturing
issues,
Series J and K, also at higher interest rates,
A new current-lncome bond, Series H, similar in interest
return to Series E, was offered beginning June 1.
Details
through December 31, 1953 , 8ee the May 1953 Issue, page A-l.
Sales of Series JandK were discontinued after April 30, 1957.
An increase in interest rates on Series EandH was announced
on April 20,1957 » retroactive to February 1. Details of the
changes appear in the May 1957 Bulletin, page A-l.
In
the tables which follow, Series A-F and J sales are included
at issue price and total redemptions and amounts outstanding
at current redemption values.
Series G, H, and K are
included at face value throughout. Matured bonds which
have been redeemed are included in redemptions. Matured
F and G bonds outstanding are Included in the interestbearing debt until all bonds of the annual series have
matured, when they are transferred to matured debt upon
which interest has ceased.
Table 1.- Sales and Redemptions by Series, Cumulative through July 31, 1958
(Dollar amounts in millions)
Series
Series A-D l/..........
Series E
H............
Series F, G, J, and K ...
Total A-K...............
Source:
Sales
3,9*+9
94,165
31,951 2/
130,065
Accrued
discount
Sales plus
accrued
discount
1,05*+
12,706
1,092
5,003
106,871
33,043
14,852
144,917
Amount outstanding
Redemptions
Interestbearing debt
Matured debt
Redemption of interestbearing series as
percent of sales plus
accrued discount
4,970
64,613 2/
23,071
1+2,258
9,655
316
60.1+6
38.1+0
92,65U
51,913
31+9
-
33
Footnotes at end of Table 4.
Daily Treasury statement,* Bureau of the Public Debt.
Table 2.- Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
Amount outstanding
Redemptions \J
Period
Sales
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price bj
Accrued
discount £/
Interest
bearing debt
Matured debt
Fiscal years:
1935-1951.........
1952.............
1953.............
195*+ 6/..........
1955 6/... .......
1956..... .......
1957.............
1958.... .... ....
93,79!+
3,925
l+,562
5,^
6,1+73
5,846
4,881
i+,670
6,175
1,207
1,229
1,23U
1,231
1 ,211+
1,216
1,226
99,969
5,132
5,791
6,727
7,701+
7,060
6,097
5,896
1+2,185
5,109
5,621
6,515
7,251
7,846
8,958
8 ,51+1+
1+0,121
if,6U0
5,072
5,875
6 ,1+83
7,026
8,079
7,703
2,061+
I+69
51+8
639
768
820
880
81+1
57,572
57,685
57,886
58,061
58,365
57,1+97
54,622
51,984
212
122
91
128
277
360
374
364
Calendar years:
1935-1951.........
1952...... .......
1953.............
195!+....... ......
1955.............
1956.............
1957...... .......
95,638
l+,l6l
i+,8oo
6,173
6,276
5,517
4,605
6,771
1,220
1,237
1,236
1,216
1,217
1,216
102,1+09
5,381
6,037
7,1+09
7,^91
6,731+
5,821
1+4,670
5,071+
6 ,11+9
6,985
7,301
8,264
9,630
1+2,397
4,565
5,552
6 ,31+8
6,1+57
7 ,1+27
8,697
2 ,27 b
509
597
637
81+1+
838
93!+
57,587
57,91+0
57,710
57,672
57,924
56,293
52,474
152
106
225
686
624
725
73b
May.........
June.........
510
1+07
1+18
398
368
376
125
91
92
95
91+
121
635
1+98
510
1+93
1+63
1+96
998
590
600
605
551
610
922
1+86
529
51+1
511+
56U
76
101+
71
61+
37
1+6
52,3bb
52,315
52,254
52,164
52,086
51,984
502
439
409
386
376
364
July.........
1+18
121
51+0
626
565
60
51,913
349
Months:
February.....
March........
Source:
Daily Treasury statement; Bureau of the Public Debt.
Footnotes at end of Table 4.
September 1958
37
_________________ UNITED STATES SAYINGS BONDS__________________
Table 3.- Sales and Redemptions by Periods, Series E through K
(in millions of dollars)
Period
Sales
Accrued
discount
Sales plus
accrued
discount
Amount outstanding
Redemptions 2/
Total
Sales
price k/ 2/
Accrued
discount 5/
Interest-bearing
debt
Matured debt
Series E and H combined
Fiscal years:
19*1-1951...........
1952................
1953................
195* 6/.............
1955 5/.............
1956...............
1957................
1958................
61,969
3,296
*,06l
*,653
5,225
5,260
*,613
*,670
*,70*
1,111
1,120
1,126
1,123
1 ,11*
1,133
1,161
66,673
*,*07
5,181
5,779
6,3*8
6,37*
5,7*6
5,831
32,167
*,008
*,038
*,3*5
*,5**
*,730
5,176
5,187
31,169
3,583
3,538
3,791
3,909
*,072
*,*60
*,*72
998
*25
500
55*
636
658
716
715
3*,506
3*,905
3 6 ,0*8
37,*82
39,285
*0,929
*1,*98
*2 ,1*2
“
Calendar years:
19*1-1951...........
1952...............
1953...............
195*...............
1955...............
1956...............
1957...............
63,520
3,575
*,368
*,889
5,368
5,0*3
*,507
5,252
1,120
1,128
1,126
1,113
1 ,12*
1,1*3
68,773
*,69*
5,*96
6,015
6,*81
6,167
5,6*9
3*,0*5
*,098
*,157
k,kkk
*,652
*,832
5,*69
3 2 ,86*
3,622
3,625
3,909
3,9*9
*,16*
*,697
1,18 1
*76
531
535
702
668
772
3*,727
35,32*
36,663
38,233
*0,063
*1,398
*1,578
“
Months:
1958-January........
February........
March..........
510
*07
*18
116
87
88
626
*9*
506
518
379
396
*63
292
333
*1,686
*1,801
*1,911
398
368
376
*18
88
91
116
*86
*59
*92
115
533
*12
383
*11
*17
35*
350
369
362
55
87
63
58
33
*2
April..........
July...........
55
*1,985
*2 ,06l
*2 ,1*2
*2,258
Series F, G, J, and K combined
Fiscal years:
19*1-1951...........
1952................
1953................
195* 6/.............
1955 6/.............
1956................
1957................
1958................
27,876
629
501
8*1
1,2*9
586
268
*
*17
96
108
108
108
100
83
65
28,293
726
610
9*9
1,357
686
352
65
5,227
1,012
1,552
2,152
2,692
3,105
3,77*
3,350
5,162
990
1,511
2,071
2,56*
2,9*6
3,612
3,226
65
21
*1
81
128
159
162
12*
23,066
22,780
21,837
20,579
19,080
16,568
1 3 ,12*
9 ,8*2
55
219
312
335
331
Calendar years:
19*1-1951...........
1952................
1953................
195*................
1955...............
1956...............
1957...............
28,169
586
*32
1 ,28*
907
*75
98
464
100
109
110
103
92
7*
28,633
686
5*2
1,39*
1,010
567
172
5,77*
929
1,968
2,526
2,636
3,*22
*,153
5,698
908
1,909
2,428
2,*98
3,255
3,99*
76
21
59
98
138
167
160
22,859
22,616
21,0*7
19,*39
17,861
1*,895
10,896
1*3
619
571
681
698
*
-
9
*
*
9
*
*
*80
210
20*
7
*
*
7
*
4
193
168
198
*58
193
195
187
16*
195
22
17
9
6
*
*
10,657
10,513
10,3*3
10,179
10,025
9 ,8*2
466
*04
375
352
3*2
331
7
7
208
203
5
9,655
316
Months:
February........
March..........
April..........
May............
July...........
Footnotes at end of Table *.
(Continued on following page)
Treasury Bulletin
.UNITED STATES SAYINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series B through K •(Continued)
(In milliona of dollars)
Accrued
discount
Sales plus
accrued
discount
Redemptions 2J
Sale8
price */ 2/
Total
Accrued
Discount 2/
Amount outstand
ing (interesttearing debt)
Series E
Fiscal years:
19*1-1951............
1952................
1953................
195*................
1955................
1956................
1957.... ............
1958................
61,969
3 ,2 66
3,700
3,988
*,095
*,219
3,919
3,889
*,70*
1 ,1 1 1
1,120
1,126
1,123
1 ,11*
1,133
l,l6l
66,673
*,377
*,821
5,11*
5,218
5,333
5,052
5,0*9
32,167
*,008
*,032
*,319
*,*90
*,622
*,98l
*,951
31,169
3,583
3,532
3,765
3,85*
3,96*
*,265
*,236
998
*25
500
55*
636
658
716
715
3*,506
3*,875
35,66*
36,*58
37,186
37,898
37,969
38,067
Calendar years:
19*1-1951............
1952................
1953................
195*.................
1955................
1956................
1957................
63,520
3,393
3,906
*,023
*,192
*,1*2
3,875
5,252
1,120
1,128
1,126
1,113
1 ,12*
1,1*3
68,773
*,513
5,03*
5,1*9
5,30*
5,266
5,018
3*,0*5
*,098
*,1*1
*,*06
*,572
*,689
5,220
3 2 ,86*
3,622
3,609
3,871
3,870
*,021
*,**9
1,181
*76
531
535
702
668
772
3*,727
35,1*3
36,036
36,778
37,510
38,087
37,885
116
87
88
88
91
116
521
*22
*2*
*10
390
*13
*3*
*97
36*
377
397
368
395
*01
**3
276
315
339
335
353
3*6
55
87
63
58
33
*2
July............
*05
335
336
322
299
297
320
37,909
37,967
3 8 ,01*
38,027
3 8 ,0*9
38,067
38,100
Fiscal years:
1952................
1953................
195*................
1955................
1956................
1957................
1958................
30
360
665
1,130
1 ,0*1
69*
782
6
26
55
108
196
236
6
26
55
108
196
236
-
-
30
360
665
1,130
1 ,0*1
69*
782
Calendar years:
1952................
1953................
195*................
1955................
1956................
1957................
182
*62
866
1,177
901
631
-
182
*62
866
1,177
901
631
#
16
38
79
1*3
2*8
*
16
3.8
79
1*3
2*8
-
181
627
1,*55
2,553
3,310
3,693
105
72
82
20
16
18
20
16
18
76
69
79
15
15
16
15
15
16
-
3,778
3,83*
3,897
3,958
*,012
*,075
99
16
16
Months:
February.........
May.............
June............
115
-
-
-
-
55
-
-
-
30
385
1 ,02*
2,099
3,031
3,529
*,075
Months:
105
72
82
76
69
79
July............
Source:
-
-
99
Daily Treasury statement; Bureau of the Public Debt.
Footnotes at end of Table *.
*,158
September 1958
39
UNITED STATES SAVINGS BONDS,
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Unmatured bonds
Matured bonds
Period 'jj
Total
matured
Fiscal years:
195 1
195 2
195 3
195*.......
195 5
...
195 6
195 7
195 8
Series
A-D
For
cash
779
90
31
18
14
11
9
6
38
702
1,128
1,487
8,958
8 ,5**
817
792
l,76l
2,7*7
3,9*1
*,263
*,115
3,730
5, 8*0
5,651
5 ,07*
6,1*9
6,985
7,301
8 ,26*
9,630
987
772
1,015
2,318
3,171
*,230
*,246
*,156
518
*7
24
14
13
10
254
968
Months:
1958-January.
February
March...
998
590
600
April...
May...
June....
July--
Calendar years:
195 0
195 1
195 2
195 3
195*.......
195 5
195 6
195 7
6,137
5,109
5,621
6,515
7,251
7 ,8*6
1,826
1,917
1,971
1,906
1,906
Total
unmatured
It/5/
Sales
price */
Accrued
discount
2,335
2,135
1,818
5,320
*,317
3,860
3,768
3,310
3,583
4,843
4,814
*,996
4,046
3,622
3,577
3,1*2
3,439
4,666
4,640
32*
271
238
191
168
144
177
174
*,583
*,571
967 8/
1,657
2,169
2,3*5
2,064
*,853
*,879
*,059
3,831
3 ,81*
3,071
*,018
5,*7*
3,613
3,655
2 ,90*
3,862
5,280
270
308
253
217
159
167
156
194
620
93
242
606
7*
229
312
362
389
299
355
380
331
319
Series
F and G
602 8/
1,241 8 /
2,101
249
962
1,328
1,326
1,500
2,047
1,891
2,084
1,*99
2,0*7
1,891
2,084
145
241
169
145
241
169
605
551
610
378
*96
358
294
189
220
152
86
110
152
86
110
232
254
189
141
103
110
626
295
1*3
1*3
151
Source: Daily Treasury statement.
Details by series on a cumulative basis and by periods for Series A-D
combined will be found in the February 1952 and previous issues of the
"Treasury Bulletin."
2/ Includes exchanges of matured Series E bonds for Series G bonds begin
ning May 1951 and for Series K bonds beginning May 1952.
Includes both matured and unmatured bonds; see Table 4.
Includes total value of redemptions not yet classified between matured
and unmatured bonds.
2/ A change in procedure, beginning in June 195*, for processing redeemed
savings bonds has resulted in a high }.evel of redemptions not yet
classified between matured and unmatured bonds. This increase tempo
rarily obscures the relationship between the redemption columns show
ing sales price and accrued discount in Tables 2 through 4 and also
the relationship between the matured and unmatured sections of Table 4.
V
37
694
1,126
1,486
1,825
1,917
1,971
In exchange
for Series G
and K
3,806
14
19
13
12
7
9
(See also footnote 4). The subsequent distribution of this high
level of unclassified redemptions may be large enough in any month
to show redemptions of matured bonds for a series in Table 4 which
are greater than the total redemptions of that series as shown in
Table 3, and to show a negative in the unmatured section of Table 4.
Reductions
were made in issues and redemptions of Series E, H, F, G,
6/
J, and K in July 195* to compensate for the erroneous inclusion of
reissue transactions in June 195* &s reported in the daily Treasury
statement. The amounts involved were as follows: $18 million for
issues of Series E and H and $17 million for issues of Series F, G,
J, and K; and $35 million for unclassified retirements.
Comparable data are not available prior to January 1950.
Includes exchanges of Series 19*1 F and G savings bonds for Treasury
3 -l/** bonds of 1978-8 3 .
Less than $500,000.
e
Treasury Bulletin
*4-0
_____________________________ OWNERSHIP OF FEDERAL SECURITIES_____________________________
Table 1«- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
Interest-bearing securities issued
by the U. S. Government
End of
fiscal
year or
month
Total
Federal
securi
ties out
standing
1/
Held by U. S. Government
investment accounts 2/
Total
out
standing
Total
Public
issues
Special
Issues
Held by
Federal
Reserve
Banks public
issues
Interest-bearing securities guar
anteed by the U. S. Government 4/
Held by private
investors 2J
Total
Public
market
able
issues
Held by
U. S.
Government
Total
investment
Public
accounts
out
non
standing
and
marketFederal
able
Reserve
issues
Banks 2/
Held by private
investors 3/
Public
market
able
issues
Public
non
marketable
issues 6/
Matured
debt
and
debt
bearing
no
interest
1951......
1952......
1953......
195^......
1955......
255,251
259,151
266,123
271,3^1
274,4l8
252,852
256,863
263,946
268,910
271,741
40,958
W,335
^7,560
49,3^0
50,536
6,305
6,596
7,021
7,111
7,286
3^,653
37,739
40,538
42,229
43,250
22,982
22,906
24,746
25,037
23,607
188,911
189,623
191,640
19^,533
197,598
111,663
115,185
119,129
121,771
127,875
77,249
7*S^37
72,511
72,762
69,723
27
44
51
80
^3
*
*
*
*
3
27
^3
51
80
41
*
1
-
1956......
1957......
1958......
272,825
270,634
276,444
269,883
268,486
274,698
53 > 7 0
55,501
55,842
8,356
8,674
9,596
45,114
46,827
46,246
23,758
23,035
25,438
192,655
189,9^9
193
126,304
127,179
13^,593
66,351
62,770
58,825
73
106
101
25
50
5^
48
56
46
-
2,869
2,042
1,646
1957-Dec ...
275,002
272,874
55,178
9,379
^5,799
24,238
193,^57
13 3 ,6l6
59,841
104
56
48
-
2,025
1958-Jan....
Feb___
Mar....
274,656
274,782
272,728
272,777
272,959
270 ,9^8
55,027
55,311*
55,304
9,557
9,355
9,494
45,470
45,959
45,810
23,331
23,240
23,628
Apr....
May....
June...
July...
275,151
275,7^9
276,444
273,^7
274,030
274,698
55,118
55,721
55,842
45,443
46,115
46,246
275,568
273,910
55,559
9,675
9,606
9,596
9,682
23,681
24,162
25,^38
24,480
4 5,8 77
194,420
194,405
192,015
194,648
194,147
193,M 8
193,871
Source: Daily Treasury statement for total amounts outstanding; reports
from agencies and trust funds for securities held by U. S. Government
investment accounts; and reports from Federal Reserve System for
securities held by Federal Reserve Banks.
1/ Includes certain obligations not subject to statutory limitation.
For amounts subject to limitation, see page 1.
2J Includes accounts under the control of certain U. S. Government
agencies whose investments are handled outside the Treasury.
134,762
134,881
132,7^0
59,658
59,524
59,276
100
102
103
135,581
135,184
13^,593
135,166
59,067
58,963
58,825
58,705
93
96
101
101
54
54
55
50
51
54
55
46
48
48
^3
45
46
46
2,372
2,244
2,126
2,351
2,634
_
_
1,778
1,721
1,677
l,6li
1,623
1,646
-
1,557
}J 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.
4/ Excludes guaranteed securities held by the Treasury.
2/ All public marketable issues.
6/ Consists of Commodity Credit Corporation demand obligations stated
as of the close of the previous month.
* Less than $500,000.
Table 2#- Net Market Purchases or Sales of Federal Securities for
Investment Accounts Handled by the Treasury 1/
(In millions of dollars; negative figures are net sales)
Year
Jan.
Feb.
Mar.
Apr.
June
May
July
Sept.
Aug.
_
_
19*+0.........................
1 9 M .........................
19U2......................................................
-9.5
-2.8
-.5
-20.9
12.0
30.0
-5.7
5.8
-1.6
-.7
.3
.4
-.2
*
.9
.4
.3
*
-2.3
-8.4
-.3
*
-4.5
19^3.........................
1 9 ^ .........................
19^5........................ ............................
19^6.........................
19^7.....................................................
19^8.........................
-14.5
-9.9
-67.5
-8.1
.1
-.2
-90.3
-105.1
-48.1
-.7
-
-72.9
-11.5
-5.9
-k.7
106.8
.4
-16.5
-55.6
3.3
-61.3
-12.1
-35.2
-10.0
-34.4
.4
-338.6
-30.4
-IU5.8
20.5
-56.4
-69.8
-359.2
1.1
-67.8
-18.5
-17.0
-157.8
-609.1
5.k
-15.8
-19.0
-.2
-41.2
-308.1
4.4
-2.7
-28.1
-12.5
-7^.1
-123.1
7.2
19^9.........................
1950.........................
1951.........................
8.8
-6.6
-1.8
13.5
5.1
6.3
482.7
.5
1.5
1.1
8.4
19.9
-5k. 7
-1.9
11.4
2.9
-88.4
5.1
3.5
1.5
-.1
8.2
.2
1.4
7.9
-21.7
74.8
3.8
-2.0
U.7
1.9
.4
-17.2
20.3
1952......................................................
1953.....................................................
195U.....................................................
lll.b
-
36.8
22.1
261.2
7.0
-4.0
77.2
-22.4
24.6
6.7
8.8
12.9
18.9
36.2
-2.9
29.9
35.9
2.8
20.1
-45.5
22.5
1955.........................
1956.........................
23.0
49.2
13.4
46.7
35.k
398.8
11*.3
-9.8
72.6
10.7
1957.....................................................
1958......................................................
313 .h
15.8
182.4
-123.4
-155.9
10.6
-2 .1
-Q6.3
177.2
445.5
-1.3
1/ Consists of purchases or sales made by the Treasury of securities
issued or guaranteed by the U. S. Government for (1) trust funds which
by law are under the control of the Secretary of the Treasury or of the
Treasurer of the United States, and (2) accounts under the control of
certain U. S. Government agencies whose investments are handled through
the facilities of the Treasury Department, It will be noted that these
56.2
5.7
-
9.k
26.4
4.6
5.0
2.8
3.5
38.4
-10.0
11.8
8.4
10.3
Oct.
-4.4
-.2
1.0
*
.3
-123.0
-14.1
.1
-1.7
5.8
8.4
16.5
17.0
21.1
-30.7
56.2
26.6
Nov.
Dec.
-.3
-1.1
60.0
-
-
-5.0
-5.9
4.8
-12.0
-20.3
696.4
-.2
-57.6
221.0
-.8
11.5
10.7
-3.6
11.7
- 1 .1
14.2
7.9
83.9
-67.3
-.1
7.0
29.0
8.2
.6
41.0
234.8
21.3
33.3
transactions differ from those reflected in Table 1 because they
exclude those Government investment accounts for which investments
are not handled by the Treasury. Table 2 also includes purchases
under Section 19 of the Second Liberty Bond Act, as amended (31 U.S.C.
754a), and excludes the Exchange Stabilization Fund,
* Lees than $50,000.
September 1958
.OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par values 1/ in 'billions of dollars)
Held by banks
End of
month
1939-December.
19*0-June...
December.
19*l-June......
December....
19*2 -June......
December....
19*3 “J une......
December....
19**-June......
December....
19*5-June......
December....
19*6-February 2/•
June......
December....
19*7-June......
December....
19*8-June......
December....
19*9-June......
December....
1950-Jun e
December....
Total
Federal
securities
outstand
ing 2/
*7.6
1 8 .*
*8.5
50.9
55.3
6*.3
77.0
112.5
1* 0.8
170 .1
18.6
19.5
202.6
232 .1
259.1
2 7 8 .7
279.8
269.9
259.5
258.*
257.0
252.*
252.9
252.8
257.2
257.*
256.7
Held by private nonbank investors
U. S.
Commer Federal Government
cial
Reserve investment
banks
accounts */
Banks
1/
21.8
23.7
28.7
*7.3
59.*
71.5
83.3
96.5
106.0
15.9
16.1
17.3
19.7
2 1 .*
26.0
*1 .1
52.2
59.9
68.*
77.7
8* .2
90.8
93.8
8*.U
7*.5
2.5
6.5
2.5
2.2
2.2
2.3
2 .6
6.2
7.2
11 .5
1*.9
18.8
7.1
7.6
21.8
82.6
65.6
61.8
2* .3
22.9
2 3.8
23.3
2 1 .9
22.6
2 1 .*
23.3
19.3
18.9
18.3
20.8
115.0
116.7
108.2
97.9
91.9
91.3
85.9
85.8
82.4
85.7
83.9
70.0
68.7
6*.6
62.5
63.0
66.8
1951-Jun e
December....
1952-Jun e
December....
255.3
259.5
259.2
2 6 7.*
8 1 .*
8 5 .*
8*.0
88.1
5 8 .*
61.6
6 1.1
6 3 .*
2 3 .0
2 3.8
22.9
2*.7
1953-Jun e
December....
195*-June......
December
1955-March.....
June......
September...
December....
1956-Marc h
June....
September.
December..
1957-January...
February..
March...
April.
May...
June..
July....
August....
September.
266.1
275.2
271.3
278.8
27*. 1
27*.*
277.5
83.6
89.6
8 8 .7
9*.l
87.8
8 7 .1
85.9
86.8
81.9
80.8
81.3
8* .2
8 1.8
80.6
81.3
81.2
80.9
78.9
58.8
63.7
63.6
69.2
6* .2
63.5
62.1
62.0
2*.7
25.9
2 5 .0
2*.9
23.6
2 3.6
2 3 .8
2*.8
23.6
2 3 .8
2 3 .7
2*.9
2 3 .*
October...
November..
December..
1958-January..%
February..
March.....
April.,
May ...
Jure p.
280.8
2 7 6 .*
272.8
27*.3
2 76 .7
276.3
2 7 6 .*
275.1
27*.1
275.3
270.6
272.6
80.2
27*.0
27*.5
27* .2
27*.9
275.0
8 0 .1
81.6
27*. 7
27*.8
272.7
275.2
275.7
276.*
81.9
82.5
82.9
8 6.7
87.5
90.0
8 1 .*
81.9
83.3
58.3
57.1
57.6
59.3
58.3
57.7
58.1
58.0
57.7
55.8
56.8
56.6
58.3
58.1
58.2
59.1
58.6
59.3
59.3
63.0
63.3
6* .6
8.5
9.5
10.6
12.2
1* *3
16.9
Individuals
22.7
22 .8
23.9
25.0
31.0
37.7
53.0
67.0
8 1.7
19.1
21.7
2*.9
2 7 .0
28.0
29.1
30.9
32.8
3*.*
35.8
37.3
38.3
39.*
37.8
39.2
*1 .0
*2 .3
100.2
**.3
*5.9
130.8
*7.6
*8.3
*9.3
*9.6
*9.*
50.5
51.2
51.7
51.9
53.5
5* .2
5*.0
135.0
137.3
133.3
135.1
136.9
136.7
1*0 .*
1*2 .3
1*2.6
138.5
138.9
138.5
1*0.7
1*1.7
139.7
139.2
139.6
11*.0
128.2
136.6
135.1
132.6
130.7
133.7
131.3
130.7
129.7
132.2
132 .1
135.6
13*.9
132.9
131.8
133.*
2 3 .1
23.2
2 3 .1
23.0
2 3 .*
2 3.5
23.3
53.9
5*.l
5* .2
53.7
5*.9
55.6
55.2
55.8
55.*
23.3
2 3 .7
2* .2
55.*
55.3
55.2
137.3
137.6
136.*
23.3
23 .2
23.6
55.1
55.*
55.*
55.2
55.8
55.9
137.7
136.9
13* .5
133.3
132.5
130.5
22.9
23.7
2* .2
25.*
Source: Office of the Secretary, Debt Analysis Staff,
l/ Uhited 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. For amounts subject to
statutory debt limitation, see page 1 .
i/ Consists of commercial banks, trust companies, and stock savings
banks in the United States and in Territories and island posses
sions. Figures exclude securities held in trust departments.
*/ Holdings by Federal land banks are Included under "Miscellaneous
investors" instead of "U. S. Government investment accounts" after
June 26, 19*7, when the proprietary interest of the liiited States
in these banks ended.
5/ Includes partnerships and personal trust accounts. Nonprofit
Insurance Mutual
companies savings
banks
Savings
bonds
136.2
137.3
138.0
137.*
10 .1
10.6
11.2
13.6
17.8
23.7
30.9
37.6
*6 .1
53.3
59.1
6*.l
6*.l
63.3
6* .2
66.6
65.7
65.8
65.5
66.6
66.3
6 7 .*
66.3
65 .*
6*.6
64.8
6 5.1
66.1
6k .9
6k.a
63.6
65.0
65.6
66,k
65.8
67.7
67.7
68.0
67.3
67.3
67.6
6 8 .*
68.2
67.9
6 7.8
67.9
6 8 .*
68.5
6 7.8
6 7.6
66.8
6 7 .1
67.0
6 7.0
66.7
66.6
66.*
1.9
2 .6
2 .8
3.6
5.*
9.1
13.*
19.2
2*.7
31.2
36.2
*0.7
*2.9
8.2
6.3
3.1
7.5
7.8
7.6
8.2
6.5
6.9
7.1
8.2
9.2
11.3
13.1
15.1
17.3
3.1
3.2
3.*
3.7
3.9
*.5
5.3
6 .1
8.7
10.3
11.7
12.9
1*.9
17.1
18.5
2 1 .2
*7.1
*7.8
*8.8
*9.3
*9.9
*9.6
20.8
19.9
20 .1
2 1 .1
19.*
18.6
17.6
17.8
17.0
17.6
16 .7
*9.1
*9.1
*9.0
*9.2
16.3
15.5
15.7
16.0
*9.3
*9.*
*9.5
50.0
50.2
50.2
50.2
50.2
50.*
50.3
50.2
5 0 .1
*9.9
*9.7
*9.6
*9.*
*9.3
*9.1
*8.9
*8.8
48.6
16.9
15.5
15.3
13.7
1*.9
15.*
16.2
15.6
17.3
17 •*
17*7
17.2
*3.3
*3.5
**.2
*5.5
*6.2
*8 .*
*8.3
*8.2
17.*
17*9
18 .8
18.8
18.6
1 8 .7
19.0
19.6
19.9
19.*
19.3
18.6
*8.2
*8.2
*8 .1
*8 .1
*8 .1
*8.0
18.9
1 8 .8
1 8 ,.9
18.6
18.5
18 .*
19.6
2 2 .7
2*.0
2*.*
2*.9
2*.9
2*.6
23.9
22.8
21.2
20.5
2 0 .1
19.8
18.7
17.1
16.5
15.7
16.1
16.0
15.8
15.3
15.0
15.0
1*.8
15.0
1*.3
13.6
13.3
13.1
12.8
7.3
8.3
9.6
10.7
1 1 .1
11.5
11.8
12 .1
12.0
12.0
11.5
11.6
1 1 .*
11.6
10.9
10.2
9.8
9.6
9.5
9.5
9.2
9.1
8.7
8.7
8.5
8.5
8 .*
8.3
8.0
12.9
8.1
8.1
8.1
12.5
12 .1
12.0
12.0
11.9
11.8
8.0
8.0
7.9
7.9
7.9
7.9
7.8
7.6
7.6
7.6
7.6
7.6
11.8
11.7
11.7
7.6
7.5
7.*
12.8
12.6
12 .*
12.3
12.3
12.2
12.2
12.2
State and Miscel
laneous
Corpora local
investors
tions 6/ govern
ments jj y §/
2 .1
2 .0
2 .0
*.0
*.9
10 .1
12.9
16 .*
20.2
2 1 .*
23.3
22.2
19-9
1 7.8
15.3
13.7
l*.l
13.6
1* .8
15.8
16.8
18 .*
19.7
20 .1
2 0 .7
18.8
19.9
18.6
2 1.5
16.6
19.2
19.3
18.5
20.3
23.0
20.5
17.1
17.1
18.2
19.9
20.6
1 7 .7
17.6
18.2
15.*
16.0
16.5
15.7
15.9
16.5
16.5
17.3
17 .2
15.*
1*.5
1*.5
12.9
.*
.7
.k
c;
.7
.7
.7
.9
1 .1
2 .3
3 .*
*.*
6 .1
7 .0
8.3
9 .1
8.9
8.6
8 .1
9.6
8 .*
.6
.7
.9
1.0
1.5
2 .1
3.2
*.3
5.3
6.5
6.7
6.5
6.3
7.1
7.3
7.8
7.9
8.0
8 .1
8.7
8.8
8.7
8.9
9.6
9.*
9.7
10.5
9.*
9.6
10 .*
1 1 .1
10.7
10.6
11.6
11.7
12.0
12.7
13.9
1*.*
1* .6
1*.7
l*.9
15.1
15.7
15.7
16.0
16 .1
16.2
16.3
16.6
16.8
16.8
16.9
16.9
17.1
17.2
12.8
13.2
1 3 .7
13.9
1*.2
1*.*
15.1
15.6
16.6
16.3
16.*
16 .1
16.*
16.*
16 .*
16.1
16 .k
16.0
16.2
15.9
15.9
17.2
17.3
1 7.0
16.3
16.5
16.5
16.2
15.9
15.*
17.3
17.3
17.3
17.1
17.0
16.9
15.7
15.*
15.2
institutions and corporate pension trust funds are included under
"Miscellaneous investors;"
Exclusive of banks and insurance companies.
SJ, Consists of trust, sinking, and investment funds of State and local
tJ
governments and their agencies, and Territories and island possessions.
8/ Includes savings and loan associations, nonprofit institutions, corporate
pension trust funds, dealers and brokers, and investments of foreign
balances and international accounts in this country. Beginning December
19*6, includes investments by the International Bank for Reconstruction
and Development and the International Monetary Fund in special noninterest^
bearing notes issued by the U. S. Government.
2/ Immediate postwar debt peak.
p Preliminary.
Treasury Bulletin
mEASCKY SURVEY OF 0UKXR3IP, JURE 30, 1958
The Treasury Survey of Ownership covers securities
Distribution of ownership by types of banks and insur
ance companies is published each month. Holdings by commer
cial bank8 distributed according to Federal Reserve memberbank classes and nonmember banks are published for June 30
and December JL. Holdings by corporate pension trust funds
are published quarterly and first appeared in the March 195^
issued by the United States Government and by Federal
agencies. The banks and insurance companies included in
the Survey account for approximately 95 percent of such
securities held by all banks and insurance companies in
the United States.
Data were first published for
March 31, 19 ^1 , in the May 19^1 “Treasury Bulletin.-
Bulletin for quarters beginning December 31, 19^9*
Section I*- Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Classification
Total
amount
outstand
ing 1/
Insurance companies
6,518
commercial
banks 2J
518
mutual
savings
banks 2J
307
life
548 fire,
casualty,
and marine
U. S. Government
investment
accounts and
Federal Reserve
Banks
Held by
all other
investors
y
Memorandum:
Held by
9,798
corporate
pension
trust fund8
5/
Interest-bearing securities:
Matured debt and debt bearing no interest 8/....
166,776
61,777
*6 ,2*6
57,386
986 2/
6,193
1,236
4,465
2,364
3,936
429
32,136
2,951
46,246
62,659
53,811
1,467
398
27*,798
58,372
7,429
6,829
*,365
81,333
116,470
1,864
548 fire,
casualty,
and marine
U. S. Government
investment
accounts and
Federal Reserve
Banks
Held by
all other
investors
Memorandum:
Held by
9,798
corporate
pension
trust funds
1,646
Total securities issued or guaranteed by the
276,***
Footnotes at end of Table *.
Table 2.- Summary of Interest-Bearing Public Marketable Securities
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Classification
Total
amount
outstand
ing
6,518
commercial
banks 2J
518
mutual
savings
banks 2J
Insurance companies
307
life
y
1/
Type of security:
Issued by U. S. Government:
Total................................
22,406
32,920
20,416
90,883
50
101
3,796
3,331
11,532
38,710
10
7
89
132
465
5,493
14
188
9
69
4,180
20
66
103
545
3,216
2
3
2,876
20,546
1,169
7,492
54
15,392
8,799
6,636
31,791
38
2
198
91
96
1,081
*
*
166,776
57,386
6,193
4,465
3,936
32,136
62,659
1,467
73,050
39,*01
45,705
657
2,258
5,604
16,036
23,939
16,598
164
159
483
477
1,155
3,798
60
213
477
260
389
3,130
22
100
544
697
1,326
1,629
22
60
199
24,428
2,330
*,599
106
245
375
31,152
10,262
15,951
283
1,482
3,526
391
233
39*
16
102
330
101
7
14
20
3
54
2
*
166,776
57,386
6,193
*,465
3,936
32,136
62,659
1,*67
50
1,485
165,240
10
1,306
56,070
*
6,193
*
4,465
2
44
3,890
*
32,136
38
13*
62,486
*
1,*67
166,776
57,386
6,193
4,465
3,936
32,136
62,659
1,*67
Call classes:
Due or first becoming callable:
20 years and over..................
Various (Federal Housing Administration
Total............................
Tax status: 10/
Wholly exempt from Federal income taxes....
Partially exempt from Federal income taxes.
Footnotes at end of Table *.
September 1958
*3
________________TREASURY SURVEY OF OWNERSHIP, J W E 30, 1958 ________________
Section I.- Securities Issued or Guaranteed by the United States Government
Table 3»- Interest-Bearing Public Marketable Securities by Issues
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
I'rax status my is snown m parentneses;
Total
amount
outstand
ing
518
6,518
commercial mutual
banks 2/ $/ savings
banks 2/
Held by
Insurance companies U. S. Government all other
investment
investors
accounts and
548 fire,
y
307
Federal Reserve
casualty,
life
and marine Banks
Memorandum:
Held t*y
9,798
corporate
pension
trust funds
1/
Treasury bills:
Regular weekly..
22,406
3,796
89
188
66
2,876
15,392
198
Certificates of indebtedness:
**
August
I958-C..
3-3 A December 1958-D..
2 -1/2 February 1959-A..
1959-B..
1 -1A May
11,519
9,833
9,770
1,798
1,304
522
1,065
440
62
37
20
13
6
1
1
*
25
18
44
17
6,721
7,980
5,753
92
3,*01
1,275
2,887
1,237
21
8
*2
20
32,920
3,331
132
9
103
20,546
8,799
91
Total certificates of indebtedness..... .
Treasury notes:
1-7/8* February
3-1/2 May
*
August
1959*A..
I960-A..
1961-A..
5,102
2,406
2,609
2,405
1,076
1,074
10
64
84
*
6
2
153
78
58
64
2 66
232
2,*70
916
1,158
21
15
16
3-5/8 February
*
August
3-3 A November
1962-A..
1962-B..
1962 -C..
647
2,000
1,143
168
1,348
736
7
95
52
_
3
1
22
34
64
320
88
91
130
*32
199
3
17
5
2-5/8 February 1963-A••
1 -1/2 October
1958JBO.
1 -1/2 April
1959-^EA.
3,971
121
119
3,120
54
41
86
1
*
28
2
2
106
3
_
-
617
6*
71
9
1
*
*1
79
107
*
*
*
_
35
60
127
1
*
*
119
10
2
2
1 -1/2
1 -1/2
1 -1/2
October
April
October
1959■‘BO.
1960-EA.
I960-BO.
99
198
278
50
102
158
2
1
1
14
_
*
*
1 -1/2
1 -1/2
1 -1/2
April
October
April
1961-EA..
1961-20 ..
1962-EA..
144
332
551
100
253
352
1
1
20
*
2
14
8
16
39
1 -1/2
1 -1/2
October
April
1962-BO..
1963-EA..
590
106
416
78
23
17
26
*
6
*
_
-
20,416
11,532
465
69
5*5
1,169
6,636
96
Treasury bonds:
2-1A * September 1956-59.<
2-3/8 March
1957-59..
2 -1/2 December 1958...
3,818
927
2,368
2,371
3*3
1,089
35
9
27
11
1
■*
63
7
46
32
367
22
1,307
201
1 ,18*
15
8
22
2 -1A
2 -1A
2 -1/8
1959-62..
June
December“'T^59r“^2..
November I960.__
5,268
3,457
3,806
2,605
1,370
2,798
174
78
15
51
63
*
255
155
74
519
736
22
1,663
1,053
897
36
16
18
2-3A
2-3 A
2 -1/2
December 1960-65..
September 1961...
November 1961...
1,485
2,239
11,177
1,306
1,273
7,407
-*
118
267
#
30
31
44
126
405
*
44
155
13*
6*8
2,911
31
66
2 -1/2
2 -1/2
2 -1/2
June^
1962-6 7 ..
August" “ 1963.....
December 1963-68..
2,113
6,755
2,821
744
4,645
660
223
170
451
196
20
277
131
284
201
270
43
425
5*9
1,592
808
27
*2
51
3
2 -1/2
2 -1/2
February 196*.............
June
1964-69..
December 1964-69. .
3,854
3,746
3,821
2,727
737
806
82
877
643
2
376
516
61
189
146
62
441
521
920
1,126
1,190
22
52
*7
2-5/8 February 1965...
2 -1/2 March
1965-70..
2 -1/2 March
1966-71..
7,270
4,703
2,951
3,938
486
190
,116
622
305
23
850
782
202
146
92
499
1,230
698
2,*92
1,369
88*
29
*0
3*
1966...
August
June
1967-72..
September 1967-72 ..
1,484
1,848
2,716
899
122
1,238
84
159
170
3
86
13
37
40
114
95
144
215
366
1,297
966
9
19
1*
December 1967-72..
October
1969...
3-7/8 November 1974...
3,736
657
654
150
164
109
118
60
133
184
22
18
117
22
19
226
106
101
2 ,9*2
283
273
35
16
38
1,604
1,135
1,727
2,742
50
205
194
84
80
68
137
271
82
157
178
209
40
27
87
85
144
105
91
179
1,208
572
1 ,0*0
1,915
6*
17
89
22*
90,883
38,710
5,493
4,180
3,216
7,492
31,791
1,081
3
2 -1/2
2 -1/2
2 -1/2
3-1A
3-1A
3 -1/2
3
June
May
February
February
1978-83..
1985...
1990...
1995...
Footnotes at end of Table 4.
(Continued on following page)
7
15
12
-
_
Treasury Bulletin
_________________ TREASURY SURVEY 07 OWHERSBIP, JUKE 30, 1958 __________________
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Par values - in millions of dollars)
Issue
(Tax status 10/ is shown in parentheses)
Total
amount
outstand ing
Held by investors covered in Treasury Survey
U. S. Government
Insurance companies
518
investment
6,518
accounts and
commercial mutual
5k8 fire,
Federal Reserve
307
banks 2J jJ savings
casualty,
banks 2J
Banks
life
and marine
10
-
101
7
Ik
20
166,776
57,386
6,193
k,k65
50
Guaranteed securities:
2
-
Held by
all other
investors
k/
Memorandum:
Held by
9,798
corporate
pension
trust funds
1/
*
-
38
3
5k
2
*
3,936
32,136
62,659
1,^67
£/
Federal Housing Administration deben-
Footnotes at end of Table V.
Table 4.- Interest-Bearing Public Nonmarketable Securities by Issues
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
(Tax status 10/ is shown in parentheses)
Total
amount
outstand
ing
6,518
commercial
banks 2/
518
mutual
savings
banks 2/
Insurance companies
5k8 fire,
casualty,
and marine
307
life
U. S. Government
investment
accounts and
Federal Reserve
Banks
Memorandum:
Held by
Held by
9,798
all other corporate
investors pension
y
trust funds
'U
Uhited States savings bonds:
.(taxable)
.(taxable)
.(taxable)
.(taxable)
.(taxable)
.(taxable)
38,067
1,169
5,992
k,075
730
1,951
51,98k
Total Uhited States savings bonds
*
2
#
1
198
*
*
32
537
231
-
177
357
-
*
11
93
■*
2
8
113
*
152
*
8
28
2
*
9
*
1
5
38,065
938
5,183
k,075
719
1,876
35
50
119
1
lk
ko
230
17
50,856
258
k2
Other U. S. securities:
*
-
-
-
-
-
7k
931
223
2,027
25
17k
100
2,833
152
2,802
15
121+
2/
1,005
2,250
200
2,933
2,955
140
986 1 /
1,236
2 ,36k
k29
2,951
53,811
398
.(taxable)
171
.(taxable)
.(taxable)
723
8,898
lk9
130
9,792
kk9
171 1/
Treasury bonds:
Total public nonmarketable securities,
61,777
1/ Includes certain obligations not subject to statutory debt limitation.
For amount subject to limitation, see page 1.
2j Excludes trust departments.
\ J Includes trust companies and, beginning with figures for July 19k9,
also includes stock savings banks. Previously, those banks were
reported as a separate classification.
k/ Includes those banks and insurance companies not reporting in the
Treasury Survey.
5/ Consists of corporate pension trust funds and profit sharing plans
which involve retirements benefits. The data are compiled from
quarterly reports by trustees of funds which account for approximately
90 percent of Uhited States Government securities held by all corporate
pension trust funds. Since the data are not available each month, the
regular monthly Survey includes holdings by these funds under "Held
by all other investors.” The quarterly data are presented as supple
mental information in a memorandum column accompanying the Survey
for each reporting date, beginning with December 31, 1953* The
corresponding information from earlier reports, beginning with
December 31, 19^9, is summarized on page 30 of the March 195k
"Treasury Bulletin.”
6/ United States savings bonds, Series E, F, and J, are shown at
current redemption value. They were reported at maturity value
by the banks and insurance companies included in the Treasury
Survey but have been adjusted to current redemption value for
use in this statement.
2/ Includes $38 million depositary bonds held by commercial banks not
included in the Treasury Survey.
8/ Holdings by reporting investors not available.
2/ Excludes guaranteed securities held by the Treasury.
10/ Federal securities fall into three broad classes with respect to
the Imposition of Federal income taxes on income derived from them.
"Wholly" tax-exempt sequrities are those with the income exempt
from both normal tax and surtax. "Partially" tax-exempt securi
ties are those with the income exempt from the normal tax except
that in the case of partially tax-exempt Treasury bands, interest
derived from $5,000 of principal amount owned by any one holder
is also exempt from the surtax. "Taxable" securities are those
with the income subject to normal tax and surtax.
Remaining footnotes on following page.
September 1958
>+5
_____________ TREASURY SURVEY OP OWHERSEIP, JUKE 30, 1958 ______________
Section II - Interest-Bearing Securities Issued by Federal Agencies but
Not Guaranteed by the United States Government
(Par values - In millions of dollars)
Issue
(Tax status 10/ is shown In parentheses)
Banks for
5*
2.35
1.70
cooperatives:
September
1958 (Debentures)..(taxable)
October
1958 (Debentures)..(taxable)
March
1959 (Debentures)..(taxable)
Held
Total
amount
outstand 6,518
commercial
ing 11/
banks 2J l/
by investors covered in Treasury Survey
518
mutual
savings
banks 2/
Insurance companies
307
life
548 fire,
casualty,
and marine
U. S. Government Held by
all other
Investment
investors
accounts and
Federal Reserve
y
Banks
50
78
72
13
28
23
3
1
1
*
-
1
*
*
-
Total ban,ks for cooperatives securities.......
199
64
6
*
1
Federal home loan banks: 14/
3.30* July
1958 (Notes)..... (taxable)
1-1A January
1959 (Notes)..... (taxable)
3-1/8 April
1963 (Bonds)..... (taxable)
86
80
290
26
27
102
3
1
19
1
*
-
-
1
1
Total Federal home loan bank securities.......
456
155
23
1
1,159
359
46
Memorandum:
Held by
9,798
corporate
pension
trust funds
u
-
32
48
48
*
-
-
128
*
1
-
55
52
167
*
#
1
1
1
275
1
7
13
11
724
3
1
7
3
85
82
85
1
2
1
2
1
4
1
_
-
30
50
46
1
1
2
38
94
41
1
5
2
-
Federal intermediate credit banks:
Federal land banks:
k-3 /8* July *
2 -1/U November
4-5/8 February
15/
1958
1958
1959
(Bonds)....(taxable)
(Bonds)....(taxable)
(Bonds)....(taxable)
123
184
140
28
91
44
7
3
7
2-1A May
2-1A February
2-1/2 June
1959
i960
i960
(Bonds)....(taxable)
(Bonds)....(taxable)
(Bonds)....(taxable)
71
124
106
36
70
50
4
3
6
1
1
1
*
#
*
3-3/8 April
4
May
2-3 A May
1961
1962
1963
(Bonds)__ (taxable)
(Bonds)....(taxable)
(Bonds)___(taxable)
83
125
122
37
20
74
7
8
6
1
2
1
2
*
1
_
3-1A May
4-1/8 February
4-1/2 October
1966
(Bonds)....(taxable)
1967-72 (Bonds)__ (taxable)
1967-70 (Bonds)__ (taxable)
108
72
75
40
3
6
11
5
10
*
6
1
4
1
5
54
57
54
1
11
8
4-5/8 July
3-1/2 April
3-1/2 May
1969
1970
1971
(Bonds)....(taxable)
(Bonds)__ (taxable)
(Bonds)__ (taxable)
60
83
60
3
10
*
7
10
6
1
*
3
2
1
2
_
-
47
62
49
8
5
12
3-7/8
1972
(Bonds)....(taxable)
109
1
7
5
3
-
94
20
1,646
510
107
23
39
1
967
81
September
-
-
Federal National Mortgage Association:
4-3 /8* July
4.70 August
4.20 October
1958 (Debenture s)..(taxable)
1958 (Debentures)..(taxable)
1958 (Debentures)..(taxable)
165
200
100
37
49
19
6
11
8
2
3
-
1
2
1
1
1
-
118
13*
71
1
3
2
3
February
3 -5/8 August
3-l/2 February
1959 (Debentures)..(taxable)
i960 (Notes)..... (taxable)
1962 (Debentures)..(taxable)
150
797
200
43
468
69
8
51
25
*
2
1
4
12
6
4
6
-
90
258
100
*
4
7
3-1/4 March
4 -3 /8 June
3-5/8 March
1963 (Debentures)..(taxable)
1965 (Debentures)..(taxable)
1968 (Debentures)..(taxable)
150
100
100
60
26
14
14
18
8
_
1
1
3
4
3
1
-
73
50
73
4
5
3
1,962
786
148
10
37
13
968
30
_
Total Federal National Mortgage Association
Footnotes 1 through 10 on preceding page.
11/ Includes Federal Housing Administration debentures; see
footnote 12/.
12/ A small indeterminate amount of these debentures is partially
tax-exempt.
13/ Includes only publicly offered issues.
14/ The proprietary interest of the United States in these
banks ended in July 1951.
13/ The proprietary interest of the Ufaited States in these
banks ended in June 19*7 .
* Less than $500,000.
Treasury Bulletin
TREASURY SURVEY - C0M4ERCIAL BAMS OWNERSHIP, JUNE
30, 1958
The tables which follow provide an analysis of the
security holdings of commercial banks reporting in the
published in the May 19^4 issue of the "Treasury Bulletin,*
Treasury survey of ownership of securities issued by the
based on the survey data for December
United States Government and by Federal agencies.
appeared at semiannual or quarterly intervals since that
time, and is now being published for the June 30 and
December 31 survey data.
The
figures show the total holdings distributed according to
Federal Reserve member-bank classes and nonmember banks.
This analysis of commercial bank ownership was first
31 , 19 ^3 .
It has
Section I - Intereet-Bearing Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par values - in millions of dollars)
Federal Reserve member banks
Held by
6,518
commercial
banks
u
Classification
Central reserve city
k,22k
member
banks
31 central
reserve
city
18
New York
City
13
Chicago
276
reserve
city
3,917
country
2 ,29k
nonmember
banks
Public securities:
57,386
986 li
50,564
710
11,073
20
8 ,klk
15
2,659
6
20,287
116
19,20k
571
6,822
238
58,372
5 1,27k
11,093
8 ,k29
2,665
20,k03
19,775
7,060
276
reserve
city
3,917
country
2 ,29k
nonmember
banks
Footnotes at end of Section II.
Table 2.- Summary of Public Marketable Securities
(Par values - in millions of dollars)
Classification
Held by
6,518
commercial
banks
1/
Federal Reserve member banks
k ,22k
member
banks
Central reserve city
31 central
reserve
city
18
New York
City
13
Chicago
Type of security:
Issued by U. S. Government:
Total.................................
Call classes:
Due or first becoming callable:
Within 1 year.......................
3,796
3,331
11,532
38,710
10
7
3,307
2,757
10,2kk
3k,2k6
k
7
1,399
kkk
2,297
6,931
1
*
1,177
299
1,795
5,lkl
1
*
222
lk5
502
1,790
-
759
1 ,00k
k,k03
lk,116
2
3
1,150
1,309
3,5^3
13,198
*
3
k89
57k
1,288
k,k6k
6
*
57,386
50 ,56k
11,073
8 ,kik
2,659
20,287
19,20k
6,822
16,036
23,939
16,598
16k
159
k83
lk,006
21,260
lk,588
lk7
135
k22
3,722
k,52k
2,657
15
29
125
3,035
3,278
1,978
3
21
98
687
l,2k6
679
22
8
27
k,989
9,139
5,881
76
k7
153
5,295
7,597
6,050
56
60
lk3
2,030
2,679
2,010
17
2k
61
7
7
*
*
~
3
3
*
57,386
50,56k
11,073
8 ,klk
2,659
20,287
19,20k
6,822
10
1,306
56,070
k
1,225
k9,336
1
kl6
10,655
1
117
8,295
299
2,360
2
k72
19,813
*
336
18,867
6
82
6,73k
57,386
50,56k
11,073
8 ,klk
2,659
20,287
19,20k
6,822
Various (Federal Housing Administration
Total..............................
Tax status: k/
Wholly exempt from Federal income taxes....
Partially exempt from Federal income taxes...
Footnotes at end of Section II.
September 1958
^7
trbacttpv
SURVET - COMMERCIAL BANE OWNERSHIP, JUNE 30,
1958
Section I - Interest-Bearing Securities Issued or Guaranteed by the United States Government
Table 3»- Public Marketable Securities by Issues
(Par values - In millions of dollars)
Issue
(Tax status 4/ is shown in parentheses)
Treasury bills:
Regular weekly..
Held by
6,518
commercial
banks
1/
Federal Reserve member banks
' Central reserve city
4,224
member
bank8
31 central
reserve
city
18
New York
City
276
reserve
city
13
Chicago
3,917
country
2,294
nonmember
bankB
3,796
3,307
1,399
1,177
222
759
1,150
489
1958-C.
1958-D.
1959-A.
1959-B.
1,304
522
1,065
440
1,037
454
889
377
151
157
94
42
97
130
62
10
54
26
32
32
266
138
418
182
619
159
377
153
267
68
176
63
Total certificates of indebtedness........
3,331
2,757
444
299
145
1,004
1,309
574
Certificates of indebtedness:
4*
August
3-3/4 December
2 -1/2 February
1-1/4 May
Treasury notes:
1-7/8* February
3-1/2 May4
August
1959-A..
I960-A.
1961-A.
2,405
1,076
1,074
2,156
904
867
521
95
87
457
54
60
65
41
27
948
425
337
687
384
442
249
172
207
3-5/8 February
4
August
3-3/4 November
1962-A..
1962-B..
1962-C..
168
1,348
736
144
1,182
645
7
257
154
2
191
109
5
66
45
63
528
307
73
397
184
25
166
91
2-5/8 February
1963-A..
3,120
2,895
892
674
218
1,200
803
225
1 -1/2
1 -1/2
1 -1/2
October
April
October
1958-BO
1959"EA.
1959-E0.
54
41
50
46
32
37
4
2
9
4
2
2
*
25
10
6
16
20
21
9
9
13
1 -1/2
1 -1/2
1 -1/2
April
October
April
1960-EA.
1960-E0.
1961-EA.
102
158
100
87
129
83
25
16
13
15
13
13
10
3
26
48
43
37
66
28
15
28
17
1 -1/2
1 -1/2
1 -1/2
1 -1/2
October
April
October
April
1961-E0.
1962-EA.
1962 -E0.
1963-EA.
253
352
416
78
235
334
392
76
73
42
87
13
72
40
82
7
1
2
5
6
86
127
183
40
76
164
123
23
18
18
24
3
11,532
10,244
2,297
1,795
502
4,403
3,543
1,288
2-1/4* September 1956-59.
2-3/8 March
1957-59.
2 -1/2 December
1958....
2-1/4 June
1959-62.
2-1/4 December
1959-62.
2 -1/8 November
I960 _____
2,371
343
1,089
2,605
1,370
2,798
2,146
301
921
599
60
128
460
56
78
139
3
50
665
126
444
224
42
I69
2,341
1,237
2,478
565
402
360
502
284
277
63
117
83
883
114
349
896
407
1,244
880
428
873
264
133
320
1960-65.
2-3/4 December
2-3/4 September 1961__
2 -1/2 November
1961__
1962-6 7 .
2 -1/2 June
2 -1/2 August
1963....
1903-68.
2 -1/2 December
1964....
February
3
2 -1/2 June
1964-69.
2 -1/2 December
1964-69.
2-5/8 February
1965....
2 -1/2 March
1965-70.
2 -1/2 March
1966-7 1 .
1,306
1,273
7,407
744
4,645
660
1,225
1,124
6,557
626
4 066
568
416
129
1,380
117
83
1,140
299
46
240
2,793
65
737
58
43
585
54
23
152
4
319
1,634
266
336
512
2,384
241
1,695
244
82
149
850
118
579
92
2,727
737
806
359
134
246
1,040
213
273
1,519
127
79
979
284
219
798
95
5
239
127
205
484
95
5
120
7
41
3,938
486
190
2,378
631
739
3,525
420
162
1,209
198
78
349
106
67
412
66
29
1966
1967-72.
1967-72.
899
122
1,238
817
98
1,076
168
1
54
137
1
43
340
18
352
310
79
669
82
24
162
2 -1/2 December
4
October
3-7/8 November
1967-72.
1969....
1974
150
164
109
108
147
92
3
3
21
20
76
33
85
56
31
42
17
17
June
May
3-1/2 February
February
3
1978-8 3 .
1985....
1990....
1995..-.
50
205
194
84
43
181
176
65
3
15
29
*
49
72
4
14
73
57
23
29
59
46
38
7
24
18
18
38,710
34,246
6,931
5,141
14,116
13,198
4,464
Total Treasury notes....
*
7
Treasury bonds:
3
2 -1/2
2 -1/2
3 - 1 A
3 - lA
August
June
September
(Continued on following page)
482
313
*
*
31
*
11
*
12
8
#
*
35
61
2
14
12
2
1,790
1
Footnotes at end of Section II.
472
........
"
Treasury Bulletin
_________________ TREASURY SURVEY - COMMERCIAL BARK OWNERSHIP, JUNE 30, 1958_________________
Section I.- Interest-Bearing Securities Issued or Guaranteed by the United States Government
Table 3.- Public Marketable Securities by Issues - (Continued)
(Par values - In millions of dollars)
Issue
(Tax status 4/ is shown in parentheses)
Held by
6,518
commercial
banks
1/
Federal Reserve member banks
4,224
member
banks
Central reserve city
31 central
reserve
city
18
New York
City
10
4
1
1
7
7
*
*
57,386
50,564
11,073
8,414
13
Chicago
-
276
reserve
city
3,917
country
2,294
nonmember
banks
2
*
6
3
3
*
20,287
19,204
6,822
276
reserve
city
3,9 17
country
Guaranteed securities:
Federal Housing Administration deben2,659
Footnotes at end of Section II.
Table 4«- Public Nonmarketable Securities by Issues
(Par values - in millions of dollars)
Federal Reserve member banks
Issue
(Tax status 4/ is shown in parentheses)
United States savings bonds:
Series F 2/....................
Held by
6,518
commercial
banks
1/
31 central
reserve
city
18
New York
City
13
Chicago
2,294
nonmember
banks
1
1
-
8
27
#
101
242
-
*
-
1
-
1
1
381
2
1
2
36
343
155
115
11
11
-
27
76
18
7
1
3
-
4
l
38
16
70
82
33
31
15
5
82
228
82
15
6
116
571
238
1
1
2
111
270
1
537
171 Jj
177
357
#
Total United States savings bonds..
Central reserve city
4,224
member
banks
-
-
66
88
Other U. S. securities:
Treasury bonds:
Investment Series B .........
Total public nonmarketable securities..
Footnotes at end of Section II.
149
130
115
99
449 ij
328
19
710
20
986 Jj
September 1958
1+9
TREASURY SURVEY - COMMERCIAL BAKE OWNERSHIP, JUNE 30, 1958
Section II - Interest-Bearing Securities Issued by Federal Agencies but
Not Guaranteed by the United States Government
(Par values - In millions of dollars)________________________________
Issue
(Tax status 4/ is shown in parentheses)
Banks for
5^
2.35
1.70
cooperatives:
September 1958
October
1958
March
1959
(Debentures)....(taxable)
(Debentures)....(taxable)
(Debentures)....(taxable)
Total banks for cooperatives securities......
Federal home loan banks:
3.30$ July
1-1A January
3-1/8 April
Federal Reserve member banks
Central reserve city
4,224
member
banks
31 central
reserve
city
18
New York
City ___
13
Chicago
276
reserve
city
3,917
country
13
28
23
20
2
9
11
19
10
6
64
48
26
27
9
2 ,29k
nonmember
banks
7
23
16
j/
1958 (Notes)....... (taxable)
1959 (Notes)....... (taxable)
1963 (Bonds)....... (taxable)
Total Federal home loan bank securities......
Federal intermediate credit banks:
Debentures....................... (taxable)
Federal land banks:
Held by
6,518
commercial
banks
1/
21
10
11
24
81
12
56
8
102
5
3
21
21
155
126
77
40
29
359
275
118
134
23
19
8/
4-3/8$ July
1958
2 -l/U November 1958
1+-5/8 February 1959
(Bonds)......(taxable
(Bonds).... (taxable
(Bonds).... (taxable
28
91
44
21
76
36
4
36
11
15
37
23
7
15
8
2-1/1+ May
1959
2-1/1+ February i960
2-1/2 June
i960
(Bonds).... (taxable
(Bonds).... (taxable
(Bondb).... (taxable
36
70
50
29
60
40
13
23
16
14
30
23
6
9
10
1961
1962
1963
(Bonds).... (taxable
(Bonds).... (taxable
(Bonds).... (taxable
37
28
20
15
59
9
4
33
17
11
24
9
5
15
3-1A May
1966
1+-1/8 February 1967-72
1+-1/2 October 1967-70
(Bonds).... (taxable
(Bonds).... (taxable
(Bonds).... (taxable
40
3
6
31
15
1
1
12
1
4
1+-5/8
3-1/2
3-1/2
3 -7/8
(Bonds).... (taxable
(Bonds).... (taxable
(Bonds).... (taxable
(Bonds).... (taxable)
3
10
2
2
7
4
9
1
1
*
3
*
510
412
28
13
37
49
19
32
39
13
31
406
53
44
19
5
3
1
1
4
3
105
10
3-3/8 April
1+
May
2-3/1+ May
July
1969
April
1970
May
1971
September 1972
Total Federal land bank securities.
74
2
5
1
167
217
98
3
12
2
10
15
25
8
10
15
Federal National Mortgage Association:
3
February 1959
3-5/8 August i960
3-l/2 February 1962
(Debentures),.(taxable)
(Debentures)..(taxable)
(Debentures), .(taxable)
(Debentures) .(taxable)
(Notes)... .(taxable)
(Debentures) .(taxable)
1963
1965
1968
(Debentures). .(taxable)
(Debentures). .(taxable)
(Debentures), .(taxable)
4-3/8$ July
1958
1+.70 August
1958
1+.20 October 1958
3-1/4 March
4-3/8 June
3 -5/8 March
Total Federal National Mortgage Association
securities........ ....... ....... .
43
468
69
60
26
14
786
3
137
5
12
4
1
1
649
158
l/ Includes trust companies and stock savings banks but exclud.es securities
held in trust departments.
2J United States savings bonds, Series F and J, are shown at current re
demption value. They were reported at maturity value by the banks
included in the Treasury Survey but have been adjusted to current re
demption value for use in this statement.
i/ Total includes $38 million depositary bonds held by commercial banks
not included In the Treasury Survey.
4J Federal securities fall into three broad classes with respect to the
imposition of Federal income taxes on income derived from them. "Wholly"
tax-exempt securities are those with the income exempt from both normal
tax and surtax. "Partially" tax-exempt securities are those with the
2
31
3
39
5
144
18
125
22
26
7
12
62
16
20
20
16
6
12
8
7
4
2
236
254
137
income exempt from the normal tax except that In the case of
partially tax-exempt Treasury bonds, interest derived from
$5,000 of principal amount owned by any one holder is also
exempt from the surtax. "Taxable" securities are those with
the income subject to both normal tax and surtax.
^/ Includes Federal Housing Administration debentures; see foot
note 6 .
6/ A small indeterminate amount of these debentures is partially
tax-exempt.
jJ 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.
Less than $500,000.
Treasury Bulletin
50
MARKET QUOTATIONS Oil TREASURY SECURITIES, JULY 31, 1958.
public marketable securities issued by the United States
Current market quotations shown here are over-thecounter closing bid quotations In the New York market
Government except Panama Canal bonds.
for the last trading day of the month, as reported to
Issues which are guaranteed by the United States
Outstanding
the Treasury by the Federal Reserve Bank of New York.
Government are excluded because they are not regularly
TJie securities listed Include all regularly quoted
quoted In the market.
Table 1.- Treasury Bills (Taxable)
(Regular)
Amount
out
standing
(millions)
Bank discount
Maturity
date
Issue
date
Bid
Change from
last month
$1,700
1,700
1,801
1,800
1,800
5/8/58
5/15/58
5/22/58
5/29/58
6/5/58
8/7/58
8/14/58
8/21/58
8/28/58
9/4/58
.65*
.65
.72
.72
.75
-.14*
-.14
-.07
-.07
-.02
1,700
1,701
6/12/58
6/19/58
9/11/58
9/18/58
.75
.78
-.0 1
+ .01
Bank discount
Amount
outstand
ing
(millions)
Issue
date
Maturity
date
Change from
last month
Bid
$1,700
1,700
1,700
1,699
1,700
6/26/58
7/3/58
7/10/58
7/17/58
7/24/58
9/25/58
IO/2/58
10/9/58
10/16/58
10/23/58
.78*
.88
.89
.88
.88
1,700
7/31/58
10/30/58
.91
+.03
-
_
Table 2.- Certificates of Indebtedness (Taxable)
(Price decimals are 32nds)
Price
Amount
outstanding
(millions)
Issue
date
Description
4*
3-3 A
2 -1/2
1 -1/2
1-1/4
1-5/8
$11,519
9,833
9,770
2/
1,816
y
_
-
-
8/1/58-c
12/1 /58-D
2/14/59-A
3/24/59-D 1/
5/15/59-B
8/1/59-C
Yield
_
1/
8/1/5 7
12/1/5 7
2 /1U/58
8 /6/58
6/15/58
8 /1/58
To
maturity
Change from
last month
Bid
_
1/
.95*
1.49
1.60
1.45
1.66
-.06
-.09
100.29
100.17
99.30
99.27
99.31
Change from
last month
-.09
-
-.15*
+ .31
+.35
Footnotea at end of Table 5.
Table 3.- Treasury Notes (Taxable)
(Price decimals are 32nds)
Price
Amount
out
standing
(millions)
Description
Bid
Yield
Price range since first traded ^/
Issue
date
Change
from
last
month
To
maturity
1.46*
1.97
2.41
2.53
2.73
2 .78
2.77
+ .25*
+.28
+.09
+.17
+ .26
5/17/5*
2/15/57
8/1/57
5/1/57
9/26/57
+.29
+.22
Change
from
last
month
High
Low
Price
Date
Price
6/6/58
6/9/58
6/6/58
4/24/58
6/6/58
4/22/58
6/11/58
95.29
98.12
99.31
98.22
99.30
100.20
99.02
12/18/56
9/26/57
9/30/57
11/29/57
4/15/58
100.22
104.02
106.05
105.12
107.05
106.13
101.14
Date
1,143
3,971
3-3/4
2 -5/8
11/15/62-C
2/15/63-A
103 .28
99.10
-.06
-.2 1
-.13
-.22
-1.05
-1.09
-1.0 1
121
119
99
198
278
1 -1/2
1 -1/2
1 -1/2
1 -1/2
1 -1/2
10/1/58-BO
4/1/59-EA
10/1/59
4/l/60-EA
IO/1/6O-EO
100.00
99.30
99.28
99.10
99.02
-.02
-.1 0
-.16
-.16
-.12
1.50
1.60
1.6 1
1.93
1.9*
+.26
+ .44
+.41
+ .32
+ .18
10/1/53
*/l/5*
10/1/54
*/l/55
10/1/55
100.08
100.15
100.18
100.06
99.28
6/5/58
6/12/58
6/16/58
6/13/58
6/18/58
96.02
95.08
94.08
93.00
92.06
10/5/53
12/19/56
12/18/56
12/7/56
12/10/56
144
332
551
590
189
1 -1/2
1 -1/2
1 -1/2
1 -1/2
1 -1/2
4/1/61-EA
10/l/6l-E0
4/1/62-EA
10/1/62-BO
4/1/63-EA
98.04
96.28
95.20
94.20
93.20
-.1 0
-1.00
-.24
-1.04
-1.20
2.23
2.53
2.77
2.88
2.97
+.14
+.35
+.26
+ .33
+.31
4/1/56
10/1/56
4/1/5 7
10/1/57
4 /1/58
99.06
98.26
98.00
97.16
97.04
6/12/58
6/02/58
6/6/58
6/3/58
6/5/58
91.04
90.06
88.18
88.12
93.10
12/7/56
6/21/57
8/13/57
10/2/57
7/29/58
$5,102
2,406
2,609
647
2,000
1-7/8*
3-1/2
4
3-5/8
4
-
2/15/59-A
5/15/60-A
8/1/61-A 6/
2/15/62-A
8/15/62-B 2/
Footnotes at end of Table 5.
100.07
102 .21
104.18
103 .22
104.26
n/l/57
10/17/57
11/26/57
7/29/58
September 1958
51
MARKET QUOTATIONS ON TREASURY SECURITIES, JULY 31, 1958.
Table 4.- Taxable Treasury Bonds
(Price decimals axe 32nds)
Description
Change
from
last
month
Bid
Price range since first traded ^/
Yield
Price
Amount
out
standing
(millions)
To first
call or
maturity 8/
Change
from
last
month
Issue
date
High
Low
Price
Date
Price
Date
100.04
100.04
100.17
98.19
98.18
-.05
-.06
-.03
-.22
-.24
1.14$
1.27
1.03
2.63
2.60
+ .28$
+ .43
-.08
+ .19
+ .19
2/1/44
3/1/52
2/15/53
6/1/45
11/15/45
107.16
102 .26
103 .24
104 .20
104.21
4/6/46
7/2/54
4/29/54
4/6/46
4/6/46
95.04
96.06
97.04
91.30
91.18
6/2/53
6/2/53
6/1/53
7/24/57
7/24/57
11/15/60
9/15/61
11/15/61
6/15/62-67
8/15/63
100.00
100.19
99.18
96.18
98.16
-.17
-.2 1
-.25
-1.04
-1.04
2.12
2.55
2.64
2.94
2.82
+ .22
+ .21
+ .25
+ .15
+ .24
8/15/54
11/9/53
2/15M
5/5/42
12/15/54
10 1.11
104.22
103.00
108.12
100.24
6/5/58
4/30/54
4/30/54
4/6/46
4/18/58
94.02
95.00
93.20
88.10
91.16
7/22/57
10/17/57
7/22/57
6/20/57
7/22/57
-
12/15/63-68
2/15/64
6/15/64-69
12/15/64-69
2/15/65
95.04
100.12
94.04
93.28
97.15
-1.09
-1.18
-1.06
-1.10
-2.03
3.05
2.93
3.15
3.15
3.06
+ .15
+ .31
+ .15
+ .15
+ .36
12/1/42
2/14/58
4/15/43
9/15/43
6/15/58
108.03
103.19
107.25
107.24
100.13
4/6/46
4/21/58
4/6/46
4/6/46
6/5/58
86.28
100.02
86.14
86.10
96.26
6/21/57
7/29/58
7/23/57
6/20/57
7/29/58
_
-
3/15/65-70
3/15/66-71
8/15/66
6/15/67-72
9/15/67-72
93.14
93-04
99.24
93.02
92.22
-1.06
-1.03
-1.28
-.28
-1.06
3.18
3.17
3.03
3.12
3.15
+.13
+ .12
+.25
+ .08
+ .12
2/1/44
12/1/44
2/28/58
6/1/45
10/20/41
107.23
107.22
103 .20
106.16
109.18
4/6/46
4/6/46
4/21/58
4/6/46
4/6/46
86.06
86.00
99.06
85.22
8 5 .IO
6/21/57
10/17/57
7/29/58
10/17/57
10/17/57
92.30
105.30
104.22
96.28
96.12
-1.00
-1.28
-2.08
-3.04
+ .10
+ .19
+ .17
+.19
+ .21
101.04
4/6/46
4/21/58
4/22/58
8/4/54
6/11/58
85.18
99.24
101.16
92.12
95.28
10/17/57
10/17/57
11/26/57
10/18/57
7/29/58
99.12
93.18
-4.18
-2.00
3.53
3.31
+ .23
+ .10
11/15/45
10/1/57
12/2/57
5/1/53
6/3/58
2/14/58
2/15/55
106.16
110.14
110.24
-3.20
3.12
3.36
3.50
3.44
3.46
106.26
101.12
4/21/58
6/8/55
98.30
86.28
7/29/58
6/21/57
$3,818
927
2,368
5,268
3,456
2-1/4$
2-3/8
2 -1/2
2-1/4
2-1/4
3,806
2,239
11,177
2,113
6,755
2 -1/8
2-3/4
2 -1/2
2 -1/2
2 -1/2
_
-
2,821
3,854
3,746
3,821
6,895
2 -1/2
3
2 -1/2
2 -1/2
2-5/8
4,702
2,950
1,484
1,847
2,716
2 -1/2
2 -1/2
3
2 -1/2
2 -1/2
3,733
657
654
1,604
1,135
2 -1/2
4
3-7/8
3-1/4
3-1/4
1,727
2,742
3-1/2
3
-
9/15/56-59 2/
3/15/57-59 2/
12/15/58
6/15/59-62
12/15/59-62
12/15/67-72
10/1/69
11/15/74
6/15/78-83
5/15/85
2/15/90
2/15/95
10/
10/
10/
10/
10/
10/
111.28
'
Footnotes at end of Table 5.
Table 5.- Partially Tax-Exempt Treasury Bonds
(Price decimals are 32nds)
Price
Amount
out
standing
(millions)
$1,485
1/
2J
2/
4/
2/
Description
Bid
2-3/4$
-
12/15/60-65
106.26
Price range since first traded ^/
Yield
Change
from
last
month
Change
To first
from
call or
last
maturity 8/ month
-.20
Not quoted on July 31, 1958.
Amount issued on August 6 , 1958, was $3,567 million.
Tax anticipation issue.
Amount issued on August 1, 1958, was $13,501 million.
Beginning April 1953, prices are closing bid quotations in the
over-the-counter market. Prices for prior dates are the mean
of closing bid and ask quotations, except that before October 1,
1939, they are closing prices on the New York Stock Exchange.
"When issued" prices are included in the history beginning
October 1, 1939* Dates of highs and lows in case of recurrence
are the latest dates.
1.5M&
+.21$
6J
Issue
date
Price
12/15/38
Low
High
119.00
Date
Price
Date
1/25/46
97.24
11/1/57
Redeemable on August 1, 1959, at option of holder upon 3 months'
notice.
j/ Redeemable on February 15, i960, at option of holder upon 3 months'
notice.
8/ 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.
2/ Called on May 14, 1958, far redemption on September 15, 1958.
10/ Included in the average yield of long-term taxable Treasury bonds
as shown under "Average Yields of Long-Term Bonds*
VJI
ro
YIELDS OF TAXABLE TREASURY SECURITIES, JULY 31,1958
Based on Closing Bid Quotations
g
es
H
§
CO
3
CO
3
00
Explanation: Thepoints representyields to call when prices are above par, and to maturity date when prices are at par or below. The smooth curves for the two classes
ofpoints are fitted by eye. Issues for which an exchange offerhas been made or which are due or callable inless than 3 months are excluded.
Office of theSecretary of theTreasury
5
bd
I
a-.
S3
September 1958
53
.AVERAGE YIELDS OF LONG-TERM BONDS-
Table 1.- Average Yields of Taxable Treasury and Moody!s Aaa Corporate Bonds by Periods
(Percent per annum)
Treasury
bonds 1j
Moody'a Aaa
corporate
bonds
Treasury
bonds l/
Moody's Aaa
corporate
bonds
Treasury
bonds l/
Moody’s Aaa
corporate
bonds
195*............
1955............
1956............
1957............
2.55
2 .8*
3.08
3.*7
2.90
3.06
3.36
3.89
September...
3.32
3 .*0
3.58
3.60
3.63
3.66
3.67
3.7*
3.91
3.99
*.10
*.12
December....
3.73
3.57
3.30
*.10
*.08
3 .8 1
3.2*
3.28
3.25
3.12
3.1*
3.20
3.60
3.59
3.63
3.60
3.57
3.57
3.36
3.67
Annual series - calendar year averages of monthly series
19*2........
19*3........
19**........
19*5........
19*6........
19*7........
2.*6
2.47
2.48
2.37
2 .19
2.25
2.83
2.73
2.72
2.62
2.53
2.61
1953-April__
May....
June...
July...
August...
September
2.97 2/
3.11
3.13
3.02
3.02
2.98
1955-April.
May...
June..
July....
August....
September.
2.82
2 .8 1
2.82
2.91
2.95
2.92
October..
November.
December.
2.83
2.86
2.79 1/
3.23
3 .3*
3 .*0
3.28
3.2*
3.29
3.16
3.11
3.13
October...
November..
December..
2.8 7
2.89
2.91
195*-January..
February.
March....
2.69
2.62
2.53
2.48
2.5*
2.55 1/
2.* 7
2.*8
2.52
3.06
2.95
2.86
1956-January...
February..
March...
2.85
2.88
2.90
April.
May...
June..
2.89
2.8 7
2.89
July....
August....
September.
2.8 7
2.89
2.90
October...
November..
December..
2.93
2.99
3.02
1957-January...
February..
March...
2.44
2.31
2.32
2.57
2.68
2.94
1950..
1951..
1952..
1953..
2.82
2.66
2.62
2.86
2.96
3.20
Monthly series - averages of dally series
April....
May....
June...
July...
August...
September
2.5*
2.57
2.59 2/
2.68 2/
2 .78
2 .78 1 /
October..
November.
December.
1955-January..
February.
March....
3 .0 1
3.0*
3.05
3.06
3.11
3.13
3.10
3.10
3.15
2.88
2.85
2.93 2/
3.07
2.97
2.93
3.00
3.17
3 .2 1
3.20
3.30
3 .*0
3.2*
3.28
3.27
3.28
3.*3
3.56
3.3*
3.22
3.26
3.77
3.67
3.66
3.11
3.08
3.1 0
1958-January.....
February....
3.59
3.69
3.75
Weekly series - averages of daily series for weeks ending -
1958-February
March
7..
1*..
2 1 ..
2 8 ..
3.31
3.27
3.25
3.26
3.59
3.58
3.58
3.60
7 ..
1*..
2 1 ..
2 8 ..
3.27
3.27
3.2*
3 .2 1
3.62
3.62
3.63
3 .6*
1958-Apr11
May
*..
1 1 ..
18 ..
25..
3.19
3.16
3.10
3.07
3 .6*
3.62
3 .6 1
3-57
1958-June
6 ..
13..
2 0 ..
27..
3.1* 2/
3.16
3.22
3.26
3.56
3.56
3.57
3 .6 1
2..
9..
16..
23..
30..
3.13
3.1*
3.15
3.13
3.13
3.55
3.57
3.57
3.57
3.56
July
*..
1 1 ..
18 ..
25..
3.26
3.31
3.39
3.38
3.62
3.63
3.67
3.70
1958-July
2 3 ..
24..
25..
3.37
3.38
3.38
3.70
3.70
3.71
28 ..
29..
30..
31..
3.*3
3.*6
3.*5
3.*3
3.70
3.71
3.71
3.71
Dally series - unweighted averages
1958-July
1..
2 ..
3..
*..
3.26
3 .2 7
3.26
7..
8 ..
9*.
10 ..
1 1 ..
3.3 0
3 .3*
3.32
3.3 0
3 .3 0
y
3.62
3.62
3.63
1958-July
y
3.63
3.63
3.63
3.64
3.64
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. For definition of tax
able bonds, see footnotes to the "Treasury Survey of Ownership"
in this issue of the "Treasury Bulletin."
14..
15..
16..
17..
18..
3.39
3.38
3.38
3.40
3.40
3.64
3.65
3.67
3.69
3.69
2 1 ..
2 2 ..
3.38
3.37
3.70
3.70
%
y
Beginning April 1953, the average includes bonds neither due nor
callable for 10 years; April 1952 through March 1953, the minimum
length (neither due nor callable) was 12 years; October 19*1 through
March 1952, the minimum length was 15 years. For bonds currently in
the average, see Table * under "Market Quotations on Treasury Se
curities" in this issue of the Bulletin.
A new long-term bond added to the average.
An existing bond dropped from the average (see footnote l).
Market closed.
AVERAGE YIELDS OF LONG-TERM T R E A S U R Y A N D C O R P O R A T E B O N D S
Monthly Series 1/
1948
1949
1950
1951
1952
1953
1954
1955
1956
19 5 7
1 958
— Monthly averages of daily figures. ^ See footnote i to Table / under "Average Yields o f Long-Term Bonds?
Office of the Secretary of the Treasury
F-220-M-3
September 1958
55
-----INTERNAL REVENUE COLLECTIONS-----Table 1.- Summary by Principal Sources
(In thousands of dollars)
Fiscal
year
or month
1950....
1951....
1952....
1953....
195*....
1955....
1956....
1957....
1958....
Budget
receipts
from
internal
revenue
39,**8,607
51,106,095
65,63*,89*
70,170,97*
7 0 ,299,652
66,288,692
75,109,083
80,171,971
79,977,788p
1957-July.
Aug..
Sept.
Oct..
Nov..
Dec..
3,305,723
6,259,360
7,851,7*3
3,51*,3*9
5,552,811
6,110,977
1958-Jan..
Feb..
Mar..
Apr..
May..
June.
*,909,675
7 ,*20 ,558
10 ,878,637
5 ,760,909
7 ,033,287
11,379,76lp
Total collec
Adjustment of
tions reported
collections
by Internal
to budget
Revenue
receipts 1 /
Service
Corporation
income and
profits
taxes
+*91,*75
38,957,132
50 ,**5,686
+660,*09
+625,308
65,009,586
4*8*,*39
69,686,535
+36*,672
69,93*,980
66,288,692 */
-3,566 2/ 75,112,6*9 2/
80,171,971
-689
79,978,*76
10 ,85*,351
1*,387,569
2 1 ,*66,910
21,59*,515
2 1 ,5*6,322
18,26*,720
2 1 ,298,522
21,530,653
20,533,316
19,797,883
26,62*,788
33,738,370
37,25*,619
37,921,31*
37,869,770
*2,633 ,*26
*6,610,293
*7,212,9**
7,26*,332
9,907,539
1 1 ,3*5,060
1 1 ,*03,9*2
10,736,578
10 ,396,*80
1 1 ,321,966
12,302,229
12,091,789
9,888,976
1 ,873,*01
2 ,810,7*9
13,089,770
17,929,0*7
3,58*,025
3,816,252
21,132,275
*,218,520
22,077,113
2 1 ,253,625 y
5,339,573 */
2*,015,676 2/
6 ,336,805
6
,63*,*67
26,727,5*3
3* ,209,993
3,305,723
6,259,360
7,851,7*3
3,51*,3*9
5,552,811
6,110,977
5*0,623
355,*77
2 ,30*,322
*28,780
367,*20
2 ,276,805
1 ,682,73*
*,808,739
*,525,880
1 ,900,232
*,252,55*
2 ,908,601
269,019
128,109
1 ,822,538
207,162
97,*76
352,198
1,393 ,602
*,596 ,167
2 ,6*8 ,861
1,661 ,603
*,085 ,5*3
2,506 ,538
19,359
83,581
53,858
30,7*0
68,796
*9,177
75*
882
623
726
739
687
*,909,675
7,*20,558
10,878,637
*85,601
*05,872
6,537,761
3,*18,965
6 ,0*2 ,91*
3,337,776
2 ,060,220
787,987
707,728
5 ,760,909
7 ,033,287
1 1 ,380,*50
*76,371
**8 ,6*7
5,905,636
*,305,**5
5,5*6,322
*,*82,782
3,182,0*5
769,591
1,707,716
1,286 ,752
*,908 ,181
2,582 ,380
1 ,10*,66*
*,70*,88*
2,730 ,817
18,721
77,722
*2,977
17,051
70,197
*3 ,10*
53,272
269,02*
*,691
1,685
1,651
1 ,1*6
-689
Individual income tax and employment taxes
Total
Individual
Individual
income tax not income tax
withheld 2/
withheld 1/
Old-age and
disability
insurance
Railroad
retire
ment
Unemploy
ment
insurance
5*8,038
579,778
620,622
628,969
605,221
600,106 */
63*,323
616,020
575,282
223,135
236,952
259,616
273,182
283,882
279,986
32*,656
330,03*
335,880
Ex6ise taxes
Fiscal
year
or month
195 0
195 1
195 2
195 3
195*...
195
195
195
195
5
6
7
8
.1957-July
Aug.
Sept
Oct.
Nov.
Dec.
1958-Jan.
Feb.
Mar.
Apr.
May.
June
Capital
stock
tax 6/
266
Estate and
gift taxes
706,227
729,730
833,1*7
891,28*
935,122
936,267
1,171,237
1,377,999
1 ,*10,925
Total
excise
7,598,*05
8,703,599
8,971,158
9,9*6,116
9,532,222
9 ,210,582 *y
10 ,00*,195
10 ,6 37,5**
10,81*,267
Other excise
Alcohol
1 ,328,*6*
1 ,380,396
1 ,565,162
1 ,65*,911
1 ,580,512
*,050,738
*,776,395
*,856,876
5 ,510,280
5,153,992
Documents,
etc. 1 /
8*,6*8
93,107
8*,995
90,319
90,000
1,571,213
1,613,*97
1 ,67*,050
1,73*,021
*,781,8*3
5,501,333
5 ,92*,062
6 ,166,535
109,81*
1,3*9,7*0
160,058
1*0,776
1 ,268,585
159,813
86,*88
1,266,127
227,775
*8,085
1,119,035
230,239
Total
2 ,219,202
2 ,5*6,808
2 ,5*9,120
2 ,780,925
2,797,718
2 ,7*2 ,8*0
2,920,57*
2,973,195
2 ,9*6 ,*6l
125,969
128,5*1
99,367
98,3**
93,386
101,680
955,*11
965,26*
921,758
1 ,088,0*1
8*0,*19
823,966
2*3,922
2*1,*03
260,055
322,620
285,2*5
221,159
1*6,335
157,373
1*5,5*6
112,120
105,*95
1*3,129
892,*60
86*,*68
860,022
191,373
11*,520
97,003
785,*15
922,255
89*,790
196,513
200,87*
225,259
218,*89
256,375
2 7*, 5*6
153,580
130,15*
137,207
1*7,*09
156,6*8
161,399
159,*17
133 ,*30
105,522
Source: Internal Revenue Service reports for detail of collections by type
of tax; daily Treasury statement for budget receipts from internal
revenue through the fiscal year 1952, and the monthly statement of re
ceipts and expenditures of the Government for receipts thereafter (for
explanation of reporting bases in these publications, see page II).
Certain detail by type of tax is available only from returns filed with
the Internal Revenue Service. The figures shown include collections for
credit to special accounts for certain island possessions, as reported
by the Internal Revenue Service. Beginning with the fiscal year 1955,
they include the amounts of tax collected in Puerto Rico upon articles
of merchandise of Puerto Rican manufacture coming into the Uhited States.
Figures for 195* have been revised to the same basis. Figures for pre
vious years include only amounts collected at ports of entry into the
United States.
l/ Differences between the amounts of internal revenue reported by the
Internal Revenue Service as collections for given periods and the amounts
reported in Treasury statements as budget receipts for the same periods
arose because of differences in the time when payments were included in
the respective reports. Tax payments are included in budget receipts
when they are reported as credits to the account of the Treasurer of the
United States. Prior to July 195*, they were included in Internal Revenue
Service collection reports after the returns to which they applied had been
received in internal revenue offices. Under procedure begun in 1950 with
withheld income tax and old-age insurance taxes and later extended to rail
road retirement taxes and many excises, these taxes are paid currently into
Treasury depositaries and the depositary receipts, as evidence of such
payments, are attached to quarterly returns to the Internal Revenue Service.
Manufacturers'
and retailers' jJ
Miscellaneous "jJ
1 ,720,908
1 ,8*2,598
1,9*7,*72
2 ,061,16*
1 ,936,527
112,0*9
11*,927
10 7,5*6
109,*52
2 ,2*5,182
2 ,8*0,690
2 ,82*,*09
3,358,797
3,127,*65
3,177,160
3,777,909
*,098,006
*,315,756
28,075
1,123,777
*67,760
J 2 5 ,216
1 ,102,*01
**1,557
28,858
1 ,128,601
*22,930
27,302
960,978
*09,079
1 ,*92,633
1 ,608,*97
1 ,718,509
1,7*1,327
Under this procedure, the payments are included in budget receipts
in the month in which the depositary receipts are issued to the tax
payers. Revised accounting procedures effective July 1, 195*, extend
ed the same practice to Internal Revenue Service collection reports.
2/ Monthly figures include social security tax on self-employment income,
which is levied and collected as part of the individual income tax
beginning with the taxable year 1951* Fiscal year figures exclude
this tax, on the basis of estimates beginning 1952 (see footnote 3 ),
and it is included under "Old-age and disability insurance."
In
Internal Revenue Service reports beginning January 1951, current
1/
collections have not been separated as to type of tax but the break
down shown for fiscal years is based on estimates made in accordance
with provisions of Sec. 201 of the Social Security Act, as amended
(*2 U.S.C. *01), for transfer of tax receipts to the trust funds
(see "Budget Receipts and Expenditures," Table l).
Beginning
with the fiscal year 1955, collections shown include un
y
distributed depositary receipts and unapplied collections. For
excise taxes these receipts are included in the total only. Total
collections include "Taxes not other-wise classified."
2/ Budget receipts for 1956 were reduced by $3,566 thousand represent
ing tax collections transferred to the Government of Guam pursuant
to the act approved August 1, 1950 (6* Stat. 392), but this amount
was included in collections reported by the Internal Revenue Service.
Beginning with 1957, such collections are excluded also in Internal
Revenue Service reports♦
Repealed for years ending after June 30, 19*5* Beginning 1951,
included under "Miscellaneous excise taxes."
Detail is reported by quarters beginning with the fiscal year 1956.
Preliminary.
Treasury Bulletin
56
.INTERNAL REVENUE COLLECTIONS
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
Fiscal Years 1943-’58
DOLLARS
Billions
DOLLARS
Billions
DOLLARS
Billions
46 |-----44
46
22
Individual Income Tax and
Employment Taxes*
42
42
40
40
38
38
36
36
34
34
32
32
30
30
28
28
26
26
24
24
22
22
20
20
18
18
16
16
14
14
12
12
10
10
■
1943
’45
’47
■ ■
’49
■ ■
51
■ ■
’53
■ 1
55
Alcohol and Tobacco Taxes
n
i
i
1943
45
1943
*45
i
i
’47
i
’49
i
i
’ 51
i
l
’53
H
I
55
8
1943
*45
’47
’49
51
53
’ 55
'57
1 1
*57
Beginning with the fiscalyear 1955, includesundistributed depositary receipts and unapplied collections. Thewhole amount ofsuch receipts
for excise taxes isincludedunder "Otherexcise taxesT
Oftie* of th* Sccrataryofth* Treasury
H
57
September 1958
57
_______ INTERNAL REVENUE COLLECTIONS________
Table 2.- Detail of Bxclse Tax Collections
(in thousands of dollars)
Fourth quarter of
fiscal year
Fiscal year
Type of tax
1956
Alcohol taxes:
1958
1957
(Apr.-June 1957)
1958
(Apr.-June 1958)
2 ,ll8 ,958r
88,672
765,565r
482,549
22,156
208,269
2,973,195
2 ,092,183
91,617
762,660
2,946,461
732,974
518,350
22,116
208,944
749,410
44,859r
1 ,610,908
18,283
1 ,674,050
47,247
1 ,668,208
18,566
1,734,021
11,708
418,948
4,645
12,507
448,128
4,821
435,301
465,457
26,700
1,598
3
28,302
25,413
1,882
7
27,302
360,512r
l6 ,9l9r
68,190
372,935
53,938
40,383
34,475
12,525
21,928
349
4,469
3,372
2,727
1,572
21,777
3,050
7,494
366,572
15,903
59,022
263,282
42,512
41,517
29,046
10,412
14,879
361
4,746
3,186
3,096
1,538
22,137
3,148
6,617
ij
Total alcohol taxes....................................
Tobacco taxes:
1957
2,062,242
87,751
770,581
2,920,574
l/
Cigarettes............................................
Other................................................
Total tobacco taxes....................................
Documentary and certain other stamp taxes:
Documentary stamp taxes 2J ..............................
45,040
1,549,045
19,412
1,613,497
108,031
6,843
53
114,927
107,546
102,141
7,286
25
109,452
1,030,397
74,584
177,872
1,376,372
189,434
145,797
161,098
49,078
71,064
1,153
12,324
12,776
8,503
5,150
70,146
17,373
22,854
1,458,217
73,601
251,454
1,144,233
199,298
157,291
149,192
46,894
75,196
1,417
16,450
14,782
9,897
4 ,7 17
83,175
19,901
26,080
1 ,636,629
69,996
259,820
1 ,170,003
206,104
166,720
146,422
39,379
6l,400
1,568
18,282
14,635
11,255
4,995
90,658
22,546
24,936
Matche ................................................
14,302
9,576
6,160
15,149
9,114
5,865
14,617
9,060
5,111
2,156
1,627
1,572
Total manufacturers’ excise taxes........................
3,456,013
3,761,925
3,974,135
1,031,972
1,590
1,511
1,381
892,457
28,261
152,340
57,519
83,776
321,896
29,494
156,604
57,116
92,868
28,544
156,134
58,785
98,158
7,355
30,954
10,199
21,582
6,784
30,303
10,408
21,026
336,081
341,621
70,090
68,521
Silver bullion sales or transfers........................
Total documentary and certain other stamp taxes............
100,643
6,882
20
Manufacturers' excise taxes:
Gasoline jJ...........................................
Tires, tubes, and tread rubber
.......................
Passenger automobiles, chassis, bodies, etc................
Trucks and buses, chassis, bodies, etc. 2/................
Parts and accessories for automobiles, trucks, etc........ .
Radio and television sets, phonographs, components, etc.....
Refrigerators, freezers, air-conditionera, etc.............
Electric, gas, and oil appliances.........................
Phonograph records.....................................
Sporting goods (other than fishing rods, creels, etc.)..,...
Business
Cameras,
Electric
Firearms
and store machines........... ..................
lenses, film, and projectors.....................
light bulbs and tubes...........................
(other than pistols and revolvers), shells
Retailers' excise taxes:
Jewelry, etc....................... ...................
Luggage, etc..........................................
Toilet preparations............................ .......
Total retailers' excise taxes............................
Footnotes at end of table.
(Continued on following page)
Treasury Bulletin
------------- INTERNAL REVENUE COLLECTIONS--------------Table 2.- Detail of Excise Tax Collections - (Continued)
(in thousands of dollars)
Fourth quarter of
fiscal year
Fiscal year
Type of tax
1956
Miscellaneous excise taxes:
Admissions to theaters, concerts, etc....................
Admissions to cabarets, roof gardens, etc................
Club dues and initiation fees...........................
Long-distance telephone, telegraph, cable, radio, etc.,
leased wires, wire and equipment service................
Local telephone service................... .............
Transportation of oil by pipeline.......................
Transportation of persons..............................
Transportation of property (including coal)...............
Use of safe deposit boxes..............................
Coconut and other vegetable oils processed */..... .......
Diesel and special motor fuels
.....................
Narcotics and marihuana, including occupational taxes......
Wagers...............................................
Use tax on highway motor vehicles weighing over
26,000 pounds i/.....................................
Adulterated and process or renovated butter, filled
cheese, and imported oleomargarine.....................
Firearms transfer and occupational taxes............. .
Other receipts........................................
Total received with returns and from sale of stamps.........
Undistributed depositary receipts 6j.................... .
Source: Internal Revenue Service reports. See also Table 1.
The figures shown include collections for credit to special
accounts for certain island possessions. Floor stocks taxes
are included with the related classes of tax.
1/ Full detail on a monthly basis is available from the Internal
Revenue Service.
2/ Taxes on issuance and transfers of capital stock and of cor
porate securities (bonds, debentures, etc.), deeds of con
veyance, and policies issued by foreign insurers.
\j Beginning with the fiscal year 1957, collections reflect
1958
1957
1957
(Apr.-June 1957)
1958
(Apr.-June 1958)
104,018
42,255
47,171
75,847
43,241
54,236
5*,683
*2,919
60,338
12,15*
11,081
16,110
13,950
10,027
17,665
241,543
315,690
35,681
214,903
450,579
5,512
18,535
82,894
24,464
1,002
5,805
8,441
2,955
639
6,385
266,186
3*7,024
37,159
222,158
*67,978
5,826
19,652
86,091
39,*5*
972
6,070
8,97*
3,122
759
6,566
279,375
370,810
35,1*3
225,809
*62,989
6,137
9,383
85,911
*6,061
1,038
5,780
11,733
3,139
628
6,311
67,903
88,70*
9,253
50,832
113,75*
1,766
5,376
17,766
13,017
35*
1,521
2 ,110
681
197
■1,672
69,175
95,772
8,337
50,60*
101,985
1,7**
443
18,686
11,003
369
1,425
2,84?
744
169
1,574
_
27,163
33,117
2,063
2,554
15
11
*
12
18
*
3
22
*
6
1,608,497
1,718,509
1,7*1,327
1
6
-19
*16,303
*09,079
10 ,035,*0*}
10,571,307
10,8*7,017
2,69*,9*1
2 ,612,226
-31,776
64,40*
-36,127
-*3,701
-9,975
567
1,833
3,378
-156
209
10,004,195
10,637,544
10 ,81*,267
2 ,651,085
2,602 ,*60
-
-
the provisions of the Highway Revenue Act of 1956, approved
June 29, 1956 (23 U.S.C. 173).
*/ The tax of 3 cents per pound, applicable to the first domestic
processing of coconut oil, is suspended from October 1, 1957,
through June 30. i960, under an act approved August 30, 1957
(26 U.S.C. *511).
Excludes diesel fuel not for use in highway vehicles.
6/ Amount of excise tax depositary receipts issued, less amount
received with returns and distributed by detailed class of tax.
*
Less than $500.
r Revised.
September 1958
59
_____ MONETARY STATISTICS ______
Table 1.- Money In Circulation
(In milliona of dollars except per capita figures)
Paper money
End of fiscal
year or month
Total
money in
circula
tion 1J
Total
paper
money
Gold
certif
icates
2/
Silver
certif
icates
Treasury
notes of
1890
1/
Uhited
States
notes
Federal
Reserve
notes
Federal
Re serve
Bank
notes kj
National
bank
notes */
1951....................
1952....................
1953....................
195*....................
1955....................
27,809
29,026
30,125
29,922
30,229
26,231
27,3*8
28,359
28,127
28,372
39
38
37
35
3*
2,092
2,088
2,122
2,135
2,170
1
1
1
1
1
318
318
318
320
319
23,*56
2*,605
25,609
25,385
25,618
2*3
221
200
180
163
81
77
73
70
67
1956....................
1957....................
1958....................
30,715
31,082
31,172
28,767
29,0*0
29,071
33
33
32
2 ,1*8
2,162
2,200
1
1
1
318
321
317
26,055
26,329
26,3*2
1*7
133
120
6*
62
59
1957"December............
31,83* 2/
29,72*
32
2,156
1
316
27,031
126
61
19 58 -January.............
February............
March..............
April..............
May................
30,576
30,55*
30,666
28,516
28,*97
28,600
28,*90
28,90*
29,071
29,06*
32
32
32
32
32
3'2
32
2,010
2,026
2 ,06*
2,118
2,198
2,200
1
1
1
1
1
1
301
306
309
313
318
317
25,986
25,9*8
26,011
25,8*5
26,17*
26,3*2
60
60
60
60
60
59
2,172
1
31*
26,366
125
12*
123
122
121
120
119
July...............
30,565
30,99*
31,172
31,171
Coin
End of fiscal
year or month
59
Money in
circulation
per capita
(in dollars) 6/
Standard
silver
dollars
Subsidiary
silver
Minor
coin
1,578
1,678
1,766
1,795
1,858
180
191
202
212
223
1,020
1,093
1,150
1,165
1,202
378
393
*13
*19
*33
180.17
18*.90
188.72
18*.2*
182.91
1 ,9*8
2 ,0*2
2,101
237
253
268
1,259
1,315
1,3*6
*53
*7*
*87
182.6*
181.52
179 .08r
2,110
263
1,358
*89
18*.2*
1958-January..............
February.............
March...............
2,061
2,057
2,066
262
262
263
1,317
1,31*
1,322
*82
*81
*81
176.73
176.*0
176.82
April...............
May.................
2,075
2,090
2,101
265
266
268
1,328
1,339
1,3*6
*83
*85
*87
176.01
178 .2*
179 .08r
July................
2,108
270
1,3*9
*89
178.79
1951.....................
1952.....................
1953.....................
1954.....................
1955.....................
1956.....................
1957.....................
1958.....................
Total
coin
Source: Circulation Statement of Uhited States Money.
1/ Excludes money held "by the Treasury, money held by or for the account
of the Federal Reserve Banks and agents, and coin estimated to be
held outside the continental limits of the Uhited States. Includes
paper currency held outside the continental limits of the Uhited
State s.
2/ Gold certificates were withdrawn from circulation in 1933-
______________
Treasury notes of 1890 in circulation are being canceled and retired
upon receipt by the Treasury.
*/ Federal Reserve Bank notes and national bank notes are covered by
deposits of lawful money and are in process of retirement.
5/ Highest amount to date.
6/ Based on latest population estimates by the Bureau of the Census,
r Revised.
Treasury Bulletin
6o
________________ M O N E T A R Y STATTflTTrig
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
End of fiscal
year or month
Gold
($35 per
fine ounce)
Silver
($1,294. per
fine ounce)
Ratio of silver
to gold and
silver in
monetary stocks
(in percent)
1951........................................................
1953........................................................
21,755.9
23,3^6.5
22,1*62.8
21,927.0
21,677.6
3,718.5
3,768.5
3,8lU.3
3,863.1
3,922 .k
11+.6
13.9
1U.5
15.0
15.3
1957........................................................
21,799.1
22,622.9
2 1 ,356.2
3,99k.5
k,116.6
U,306.0
15.5
15.k
16.8
1957-December................................................
22,781.0
l*,185.1*
15.5
February.................................................
March...................................................
April................... ................................
May................................. ....................
22,783.5
22,686.2
22,39^.1
2 1 ,996.2
21,593.6
2 1 ,356.2
U,209.3
*+,236.2
1*,21+1 .1
k,25U.9
k,280.0
k,306.0
15.6
15.7
15.9
16.2
16.5
16.8
July....................................................
21,209.9
k,309.1
16.9
Source: Circulation statement of Uhited States Money,
silver monetary stock see Table U.
far detail of
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
»id of calendar year or month
May.....................................................
July....................................................
Source: Circulation Statement of United States Money.
1/ Comprises (l) gold certificates held by the public and in Federal
Reserve Banks; (2) gold certificate credits in (a) the gold certificate
Gold assets
Liabilities:
Gold certificates,
etc. 1/
Balance of gold in
Treasurer’s account
22,695.5
23,187.1
22,029.5
21,712.5
21,690.k
2 1 ,91*9 .5
22,781.0
21,662.5
22,178.8
21,5k5.7
21,223.5
21,199.1
21,1*58.3
22,272.9
1,032.9
1 ,008.2
1*83.7
U89.O
1+91.2
1*91.2
508.1
22,783.5
22,686.2
22,39k. 1
2 1 ,996.2
21,593.6
2 1 ,356.2
22,292.2
22,287.2
21,992.1
1*91.3
399.0
1+02.0
21,596.7
21,192.5
20,951* .6
399.6
U01.0
1*01.5
21,209.9
20,808.8
1+0 1 .1
fund - Board of Governors, Federal Reserve System, and (b) the redemption fund - Federal Reserve notes; and (3) reserve of $156.0 million
against Uhited States notes and Treasury notes of 1890.
September 1958
61
.MONETARY STATISTICS
Table 4.- Components of Silver Monetary Stock
(In millions of dollars)
Silver held in Treasury
End of calendar
year or month
Securing silver certificates 1/
Silver
bullion 2/
Silver
dollars
Subsidiary
coin 2/
1951..................
1952..................
1953... ..............
195*..................
1955..................
1956..................
1957..................
2,073.5
2,109.7
2,140.8
2,171.1
2,194.4
2 ,208.9
2,212.9
301.0
289.3
278.3
267.6
253-5
1.7
3-9
6.3
48.0
15.7
236.3
219.0
2-3
8.2
I958-January........ .
2 ,215.6
2 ,215.6
2 ,219.0
218.6
218.3
217.5
2 ,226.0
2 ,226,0
2,228.3
215.5
214.3
213.3
211.3
16.9
28.9
35.3
33.6
30.7
26.8
25.3
March.............
April.............
May...............
2,230.9
Silver outside
Treasury
In Treasurer's account
Source: Circulation Statement of United States Money; Office of the
Treasurer of the Uhited States,
l/ Valued at $1.29+ per fine ounce.
2/ Includes silver held by certain agencies of the Federal Government.
Bullion for
recoinage 4/
Bullion
at cost
Total
silver
at $1 .29+
per fine
ounce
Silver
dollars 1/
Subsidiary
coin 2/
1,083.1
1 ,158.1
1,213.1
1,242.7
1 ,283.2
62.9
92.3
191..
202.5
213.2
223.1
235 A
252.2
269.3
1 ,338.2
1,402.6
3,7*1.3
3,79*.l
3,837.0
3 ,886.6
3,930.1
*,064.1
4,185.4
*
-
99-1
108.5
104.2
269.8
270.1
270.8
1,403.8
i,*03.7
1,407.8
*,209.3
*,236.2
*,2*1 .1
1.0
iup.?
119.0
131.5
272 .7
273.9
274.9
l,*13-3
1 ,417.9
1,422.0
*,25*.9
*,280.0
4,306.0
.3
131.5
276.9
1,425-*
*,309.1
_
.2
•3
.1
82.0 2 /
*5.3
30.7
11.0
17.6
2/ Valued at $1 .38+ per
4/ Valued at $1 .38+ per
according to whether
sidiary silver coins
*
Less than $50,000.
fine ounce.
fine ounce or at $1.29+ per fine ounce
the bullion is held for recoinage of sub
or for recoinage of standard silver dollars
Treasury Bulletin
62
______MONETARY STATISTICS_______
Table 5.- Seigniorage on Silver
(Cumulative from January 1, 1935 “ in millions of dollars)
Sources of seigniorage on silver bullion revalued l/
End of calendar
year or month
Seigniorage
on coins
(silver and
minor)
Newly mined silver
Misc. silver
(incl. silver
bullion held
June 1*, 193*)
25.7
*8.3
63.6
65.3.
6 5 .*
*8 .7
*8.7
*8 .7
*8 .7
*8.7
3*.7
3*.7
3*.7
3*.7
3*.7
87.6
87.6
87.6
87.6
87.6
596.6
6*2.3
69* .2
7*2.2
792.9
807.0
839.6
890.3
*8 .7
*8 .7
*8.7
*8.7
*8 .7
*8 .7
*8 .7
*8 .7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
3*.7
3*.7
3*.7
3*.7
3*.7
3*.7
3*. 7
3*.7
867.8
873.0
877.6
883.0
886.7
890.3
*8 .7
*8 .7
*8 .7
833.7
833.7
833.7
*8 .7
*8 .7
*8 .7
65.5
66.5
7*.5
8*.6
93.5
87.6
87.6
87.6
8 7.6
87.6
87.6
87.6
87.6
10*. 7
11*.6
12 5.*
13*.7
1*3.8
150.8
155.2
156.*
1,109.3
1 ,119.2
1 ,130.0
1,139.3
1 ,1*8 .*
1,155.*
1,159.8
1 ,161.0
111.7
81.9
57.2
3*.9
6.6
1*.3
50.0
72.9
3* .7
3*.7
3*.7
87.6
87.6
87.6
1,159.9
1 ,160.2
1 ,160.5
833.7
833.7
833.7
3*.7
3*.7
3*.7
87.6
87.6
87.6
*8,7
*8 .7
*8 .7
833.7
833.7
833.7
3*.7
3*.7
3*.7
87.6
87.6
87.6
155.3
155.6
155.9
156.2
156.2
156.*
157,2
1.57.2
158.2
1 ,161.8
1 ,161.8
1 ,162.8
59.2
67.3
70.5
7 1.8
7* .0
72.9
79.8
8 1 .*
80.6
*8.7
*8 .7
*8 .7
833.7
833.7
833.7
3*.7
3*.7
3*.7
87.6
87.6
87.6
160.3
160.3
161.0
1 ,16*.9
1 ,16*.9
1 ,165.6
80.9
92.5
97.6
1950.............
1951.............
1952.............
1953.............
195*.............
1955.............
1956.............
1957.............
1957-July.........
June p .......
Potential
seigniorage on
silver bullion
at cost in
Treasurer’s
account 2/
27*.9
397.5
5*1.6
758.8
950.6
1,055.8
1 ,089.0
1 ,0*8.2
967.3
717.3
333.2
161.2
1*6.8
129.9
127.2
*29.5
*91.9
520.5
559.2
578.7
895.3
901.3
907.9
913.2
917.9
920.0
Total
seigniorage
on silver
revalued
326.2
*2 2 .1
508.1
616.O
705.6
759.*
799.7
818.9
820.6
820.7
938.1
1 ,069.6
1,077.6
1 ,087.8
1 ,098.1
19*5.............
19*6.............
19*7.............
19*8.............
19*9.............
April.........
Acts of
July 6 , 1939,
and July 31, 19*6
16.8
36.0
58.0
7*.9
87.3
87.6
87.6
87.6
87.6
87.6
*8 .7
*8.7
*8.7
*8 .7
*8.7
*8.7
*8.7
*8 .7
*8 .7
*8 .7
1958-January......
Proclamation
of Dec. 21,
1933
3*.5
3*.7
3*.7
3*.7
3*.7
3*.7
3*.7
3*.7
3*.7
3*.7
18.5
*6 .1
63.7
69.5
91.7
122.2
182.1
2*5.7
299.6
362.3
October......
Nationalized
8 ilver
(Proc. of
Aug. 9, 193*)
226.2
302.7
366.7
*57.7
530.7
562.7
580.*
58* .3
58* .3
58* .3
701.6
832.1
832.1
832.2
833.6
1935.............
1936.............
1937.............
1938 ..................................................
1939.............
19*0.............
19*1..................................................
19*2 ..................................................
19*3.................................................
19**.............
September....
Silver Pur
chase Act
of June 19,
193*
-
*.2
1 ,160.7
1 ,160.7
1 ,161.0
Source: Bureau of Accounts.
2/ The figures in this column are not cumulative; as the amount of
l/ These items represent the difference between the cost value and the monetary
bullion held changes, the potential seigniorage thereon changes,
value of silver bullion revalued and held to secure silver certificates.
p Preliminary.
September 1958
63
CAPITAL MOVEMENTS
Data relating to capital movements between the
United States and foreign countries have been collected
since 1935, pursuant to Executive Order 6560 of January 1 5 ,
1934, Executive Order IOO33 of February g, 1949, and
Treasury regulations promulgated thereunder. Information
covering the principal types of data and the principal
countries is reported monthly, and is published regularly
in the "Treasury Bulletin." Supplementary information is
published at less frequent intervals. Reports by banks,
bankers, securities brokers and dealers, and industrial
and commercial concerns in the United States are made
initially to the Federal Reserve Banks, which forward
consolidated figures to the Treasury. Beginning April 1954,
data reported by banks in the Territories and possessions
of the United States are included in the published data.
The term "foreigner" as used in these reports covers
all institutions and individuals domiciled outside the
United States and its Territories and possessions, the
official institutions of foreign countries, wherever
such institutions may be located, and International
organizations. "Short-term" refers to original maturities
of one year or less, and "long-term" refers to all other
maturities.
A detailed discussion of the reporting
coverage, statistical presentation, and definitions
appeared in the June 1954 issue of the "Treasury Bulletin,"
pages ^5-47. As a result of changes in presentation
introduced in that issue, not all breakdowns previously
published will be exactly comparable to those now presented.
The first three sections which follow are published
monthly.
They provide summaries, by periods and by
oountries, of data on short-term banking liabilities to
and claims on foreigners and transactions in long-term
securities by foreigners, and present detailed breakdowns
of the latest available preliminary data.
Section IV provides supplementary data in five tables
which appear at less frequent intervals. Table 1, short
term foreign liabilities and claims reported by nonfinaneial concerns, is published quarterly in the January,
April, July, and October issues of the Bulletin. Table 2,
long-term foreign liabilities and claims reported by
banks and bankers, and Table 3> estimated gold reserves
and dollar holdings of foreign countries and international
Institutions, are published quarterly in the March, June,
September, and December Issues. Table 4, foreign credit
and debit balances in brokerage accounts, appears semi
annually in the March and September issues. Table 5»
short-term liabilities to foreigners in countries and
areas not regularly reported separately by banking in
stitutions, is presented annually in the April issue.
Section I - Summary by Periods
Table 1•- Net Capital Movement between the United States and Foreign Countries
(in millions of dollars; negative figures indicate a net outflow of capital from the Uhited States)
Analysis of net capital movement
Calendar year
or month
Net
capital
movement
Changeb in liabilities to foreigners
Total
Short-term
banking
funds
Transactions
in domestic
securities
Changes in claims on foreigners
Total
Short-term
banking
funds
Transactions
in foreign
securities
1 9 3 5 ............. .....
19**2.....................
19**3.....................
19kk.....................
19**5.....................
191*6.....................
19^7.....................
19U8 .....................
19^9.....................
1950.....................
5,253.2
622.6
1,273.5
k-52.8
1 ,056.6
-803.0
3^5.5
21+1+.7
193.8
1,7^9.6
3,661.3
532.5
1,207.1
U3 1 .I
1,166.3
-752.6
5k7.2
1*09.3
-2U .8
1,971.2
3,031*.6
1+85-9
1,179.3
220.1+
1,279.1*
-1+18 .1+
636.2
601.5
-100.0
1 ,026.8
626.7
1+6.6
2 7.8
210.7
-113.1
-331*.2
-89.1
-192.2
75.2
91*1*.1+
1,591.9
90.1
66.1+
21.7
-109.7
-50.1+
-201.7
-16I+.6
218.6
-221.6
736.3
97.5
-11.3
-71.8
-6 3 .1
-315.5
-21+0.7
-69.8
190.8
-76.2
855.5
-7.1*
77.7
93.5
-1+6.6
26 5.1
39.0
-9k.8
2 7.8
-11+5.1*
1951.....................
1952.....................
1953.....................
195k.....................
1955.....................
1956.....................
1957.....................
-37k .3
1 ,260.6
1 ,162.8
637.1
1,175.0
586.5
-61+9.Or
73.1
1 ,558.8
1,090.9
1,1*19.5
1,367.3
1,1*91*.7
356.9r
657.1*
1,21*3.9
1 ,102.1+
1 ,270.2
682.1
1,338.1+
2 1 5.lr
-581+.3
3H*.9
-11.5
11*9.3
685.2
156.1*
11+1.8
-1+1+7.5
-298.2
72.0
-782.1+
-192.1*
-908.3
-l,005.9r
-70.5
-80.3
11*1+.2
-1+82.0
-162.0
-397.2
-283.8r
-377.0
-217.9
-72.2
-300.1+
-30£1*
-511.1
-722.lr
1957-July................
-115 .6r
-8 0 .7
-95.6
-229.3
-1*8.5
-63.0
-1+1+.5
92.1+
-58.0
-81+.8
-11+0.9
-5.1
13.7r
-32.2
-32.5
6 5.5r
-2 1 .1
l+.l
-51.8
-11 .1
-36.6
328.2
-101.2r
-8 .hr
1+05.6
-99. lr
37-9r
173-7*
81+.lr
-111+.9
1*25.3
-123.Or
7.5r
-19.7
23.9
30.1+
-77.3
-2 .lr
-1+6 .3r
-95.9
1+8 .9r
-28.2r
18.6
-50.9r
-18 .1
183.3r
-27.3r
-128.2
-199.It
-152.8r
-120.8
-11*7 .8r
170 .lr
55.9
-3 6 .1+r
16 .7r
-51*.1
-115.5r
-90.8r
20 .1
-162.7
-169.1*
-6 6 .7
-190.9r
127.9r
-2 3 .I*
-9.6
11 1.1+
13.3
-1+3.0
-1+2 .1
-79.1*
September............
February.............
March...............
April p..............
May p...............
p
r
Preliminary,
Revised.
-2 5 .3r
-68.6r
-235.7
-U08.9r
-261+.3r
-61.9
-218.Or
-392.3r
-38.5
-102.5
-301.5
-58.6
Treasury Bulletin
_________________________CAPITAL MOVEMENTS________________________
Section I - Summary by Periods
Table 2«- Short-Term Banking Liabilities to and Claims on Foreigners
End of calendar year
or month
19*2..........
19*3....................
19**....................
19*5....................
19*6....................
19^7....................
19*8....................
19*9....................
1950....................
1951....................
1952....................
1953....................
195*....................
1955....................
1956....................
1957.....................
1957-Ju2y................
August..............
November............
1958-January.............
March...............
May p...............
(Position at end of period In millions of dollara)
Short-term liabilities to foreigners
Payable in dollars
Payable in
foreign
Other
Inter
Foreign
currencies
official
foreign
national
Total
2 ,2**.*
3,320.3
3,335.2
*,179.3
3,0*3.9
1 ,832.1
2 ,836.3
2 ,908.1
3,620.3
3,5*7.6
*,205.*
5,37*.9
5,596.8
6 ,883.1
6 ,*80.3
7 ,116.*
7,718.0
7 ,618.0
8 ,6** .8
9,302.2
2,972.7
2,9*7.0
3 ,001.0
3,*51.7
*,0*1.2
_
*73.7
2 ,262.0
1 ,86* .3
1,657.8
1,527.8
1 ,6*1.1
1,9*7.1
2,036.7
2,239.9
2 ,678.2
2 ,922.0
10,5*6 .1
11,6*8 .*
12,918.6
13,600.7
1*,939.1
15,15*.3*
1*,810.I
1*,902.*
1*,8**.5
15,269.7
15,1*6.7*
15,15* .3r
*,65*.2
5,666.9
6,770.1
6,952.8
8,0*5.* 1/
7,912.6r 1/
7,807.6
7 ,626.6
7,6*7.2
*,2*5.6
*,308.*
*,335.*
*,726.5
5,392.8 1/
5,665.3r*/
1,58* .9
1 ,629.*
1,769.9
1 ,881.1
1,*52.1
1,517.3
5,393.5
5,57*.2
5 ,612.*
1,5*5.3
1,635.*
1,512.2
7,93*.5
7,8l6 .6r
7,912.6r
5,756.1
5,735.Or
5,665.3r
15,337.5r
15,310.2r
15,182.0
15,03*.2r
15,20*.3r
15,260.2
8,017.3r
8,117.8r
8,016.3
7,915.6r
7 ,920.2
7,917.1
5,652.3r
5,673«3r
5,718.5
5 ,66o.6r
5,673.5
5,819.1
13.9
17.9
21.6
25.5
*0.6
*9.7
70.*
51.0
**.9
72.2
61.*
*3.7
*3.2
*0.3
*8.8
59 .Or
Short-term claims on foreigners
Playable in dollars
Total
Loans to
foreign banks
Other
Payable in
foreign
currencies
2*6 .7
257.9
329.7
392.8
708.3
9*8.9
1,018.7
827.9
898.O
968.*
72.0
86.*
105.*
100.3
319.6
292.9
361.2
222.7
151.1
177.2
1 ,0*8 .7
90*.5
1,386.5
1,5*8.5
1,9*5.7
2,229.5r
122.9
156.5
206.5
328.1
*05.*
*06.9r
8*7.5
6*6.5
969.0
1,056.5
1,390.8
l,675.3r
78.*
101.6
211.0
163.9
1*9.6
1*7.3r
1*3.7
137.2
169.7
2*5 .0
290.5
*90.6
557.1
*9* .3
506.3
699.*
30.9
3*.*
5* .6
*7.5
98.1
165.*
100.*
110.8
2*0.6
91.8
2 ,137*2r
2,158.3r
2 ,15*.2r
*26.0
*28.7
*06.6
1,539.6r
1,57*.2r
l,591.0r
1,516.5
1,538.*
1,517.3
63.7
66.3
72.7
62.6
56.8
59.Or
2 ,250.2r
2 ,201.3r
2,229.5r
*1*.6
390.1
*06.9r
1,659.8r
1,678.7*
1,675 *3r
171.6
155.*
156.7
175.8
132.5
1*7.3r
1,618.8
1,*70.6
1,376.7
1,373.*
l,51*.2r
1,**6.9
*9 .2r
*8.5r
70.5
8*.5r
96.3
77.2
2,265.9r
2 ,2*9 .2r
2,303.3
2 ,*l8 .8r
2,509.7
2 ,*89.5
363.6r
353-3r
366.1
369.3r
*31.*
*65.*
l,76*.9r
l,771.3r
1,780.9
l,87*.*r
1,911.9
1,851.1
137.*r
12*.5r
156.3
175.2r
166.3
173.0
l/ Beginning in August 1956 and again in April 1957, certain accounts
previously classified as "Other foreign" are included in "Foreign official."
p
r
Preliminary,
Revised.
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In millions of dollars; negative figures indicate a net outflow of capital from the Uhlted States)
Corporate and other
Calendar year
or month
U. S. Government bonds
and notes l/
Purchases
Sale8
396.8 2J
*92.* 2/
1935-*1......
16* .2
19*2........
138.5
170.6
2*1.3
19*3........
268.2
513.6
19**........
377.7
19*5.........
393.*
19*6........ .
68* .2
*1*.5
3** .8
283.3
19*7.........
282.*
19*8........
330.3
*30.0
333.6
19*9.........
1950......... 1 ,236.*
29* .3
1 ,356.6
673.6
1951.........
1952.........
231.*
533.7
728.0
5*6.0
1953.........
800.9
792.7
195*.........
812.1
1955......... 1,3*1.1
1956.........
883.*
1,018.3
666.1
718.3
1957.........
022.0
28.8
1957-July....
18.1
August....
175.2
10.2
15.8
September.
18.8
October...
35.*
37.8
Nowniber..
30.5
December..
*2.3
73.1
1958-January...
February..
March....
April p...
May p....
June p....
Uk.hr
245.9
65.0
71.8
*7.*
2*8 .7
Net
purchases
-95.7
25.7
70.7
2*5.3
-15.7
Stocks
Bonds 2/
1/
Purchases
2/
2/
Sales
2/
2/
2/
2/
2/
2/
2/
Net
purchases
•2/
2/
2/
-269.7
61.5
-*7.9
96.*
9*2.1
“683.0
302.3
-82.0
8.2
529.0
-135.0
-52.1
2 /,
2/
2/
2/
2/
2/
107.7
120.0
200.1
212.8
289.7
32*.7
287.1
310.2
2/
108.3
1*1.6
188.5
197.*
283.6
296.0
251.8
258.9
2/
2/
2/
2/
2/
-.6
-21.6
11.7
15.3
6 .1
28.7
35.3
51.3
-93.1
-157.1
5.6
16.6
7.3
30.8
2*.0
31.3
22.3
2*.7
37.*
31.7
22.7
28.6
18.5
23.0
23.5
27.3
1.3
2.7
3.9
1.7
13.8
*.*
-3 .Or
5.9
15.2
113.2
132.8
52.5
1 .2r
113.1
12.6
27.9
2*.*
5*.3
30.9r
18.5
39.1
95.2
82.5
3H.3
-23.5
-35.2
-62.7
28.8
22.9
28.7
35.0
2*.3
*3.7
-6.2
-1 .*
-15.0
2J
Through 19*9, includes transactions in corporate "bonds.
2/ Through 19*9, Included with transactions in U. S. Government
bonds and notes.
January *, 19*0, throi«h December 31, 19*1; the breakdown between
p
r
Purchases
*30.2 2/
96.*
151.6
136.9
260.2
367.6
226.1
369.7
35*.1
666.9
739.8
650.2
589.1
1,115.1
1 ,561.2
1.619.5
1 ,306.*
Sales
8*1.6 3/
75.5
19* .6
lfl.*
357.7
*32.1
376.7
51*. 1
375.3
66*.0
619.5
6*9.2
533.9
980.2
1,*33.7
1,363.5
1 ,163.8
Net
purchases
-*11.* 1/
20.9
-*3.0
-3* .6
-97.*
-6*.5
-150.6
-1**.3
-21.2
2.9
120.3
1 .0
55.2
135.0
127.5
256.0
1*2.6
Total
purchases
Total
sales
Net pur
chases of
domestic
securities
9,322.1
260.6
392.9
650.*
637.9
782.1
570.9
652.2
78*.1
2 ,011.1
1,533.3
1 ,38*.0
1,**7.9
2,205.7
3,227.0
2 .790.0
2 ,282.8
1,116.3
659.9
8**.*
708.9
1 ,066.6
2 ,117.6
1 ,069.0
1,*59.*
2 ,056.*
2 ,5*1.8
2 ,633.6
2 ,1*1.0
626.7
*6.6
27.8
210.7
-II3 .I
-33* .2
-89.I
-192.2
75.2
9**.*
-58* .3
31* .9
-11.5
1*9.3
685.2
156.*
1*1.8
-8*.8
-1*0.9
-5.1
-19.7
23.9
30.*
8,695.3
21*.0
365.2
*39.7
751.0
137.1
10* .2
69.6
81.9
73.5
69.3
130.0
90.6
8*.l
120.0
70.8
7*.l
7.1
13.6
-1*.5
-38.1
2.8
-* .8
189.9
153.5
107.7
1*2 .1
1*8.7
17*.1
27*.7
29*.3
112.8
161.7
12*.8
1*3.7
65.*
73.6
7*.6
73.2
81.2
89.0
-7.8
-7.6
-1*.*
207.7*
3^3.9
193.9
217.3r
234.5
180.6
-9.6
111.*
13.3
75-7
9* .2
107.6
89.1
99.8
109.2
-13.*
-5.6
-1.7
176.3
16*.*
38*.9
219.3
206.6
*64.3
-*3.0
-*2 .1
-79.*
stocks and bonds is not available for earlier years.
Preliminary.
Revised.
September 1958
65
___________________________ CAPITAL MOVEMENTS____________________________
Section I - Summary by Periods
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Foreign bonds
Calendar year
or month
Purchases
Sales
1935-41.........
19*2............
1943...... ......
1944............
1945............
n.a.
n.a.
446.4
314.3
318.1
n.a.
n.a.
372.2
225.3
347.3
19*6.......... .
1947............
1948............
1949............
1950............
755-9
658.7
211.6
321.2
589.2
490.4
634.3
291.4
311.5
710.2
1951............
1952............
1953............
1954............
1955...........
1956............
1957............
500.4
495.3
542.5
792.4
693.3
606.5
699.0
801.0
677.4
621.5
841.3
509.4
991.5
1 ,392.Or
1957-July........
130 .1
22.9
49.4
Foreign stocks
Net
purchases
n.a.
n.a.
74.2
8 9 .O
-29.2
Purchases
Sales
Net
purchases
n.a.
n.a.
23.3
26.6
37.3
n.a.
n.a.
19.8
22.1
54.8
n.a.
n.a.
3.5
4.5
-17-5
I Total
purchases
Total
sales
Net purchases
of foreign
securities
4,008.2
220.5
469.6
340.9
355.4
3,152.6
227.9
391.9
247.4
402.1
855.5
-7.*
77.7
93.5
-*6.6
556.1
676.8
388.2
382.3
908.4
265.5
24.5
-79.8
9.8
-121.0
65.2
57.1
81.7
88.8
173.8
65.6
42.6
96.7
70.8
198.2
-.4
14.6
-15.0
18.0
-24.4
821.2
715.9
293.3
410.1
763.0
-300.6
-182.1
-79-0
-48.8
183.9
-385.0
-693.lr
272.3
293.9
310.1
393.3
663.6
749.2
592.8
348.7
329.6
303.4
644.9
877.9
875.2
621.9
-76.4
-35.8
6 .8
-251.6
-214.3
-126.1
-29 .I
772.7
789.1
852.7
1 ,185.8
1,356.9
1,355.7
1 ,291.8
191.1
35.6
80.3
-61.0
-12.7
-30.9
68.9
45.6
40.5
59.7
44.0
46.2
9.2
1.6
-5.7
123.1
38 .1
37.9
105.5
96.6r
59.8
17.6
-58.5r
-22.0
*3.5
35.6
29.8
March ......
38.9
53.9
39-0
179*1
1*3.0
87.2
28.3
122.0
21.7
42.6
2 8 .1
25.9
50.8
202.4
40.2
April p.....
May 9 .......
June p......
52.3
78.8
147.4
142.9
361.4
I89.O
22.5
20.3
25.2
34.4
39.1
42.3
November....
n.a.
p
r
Not available,
Preliminary,
Revised.
-140.2
-8 9 .I
-48.3
-90.6
-282.7
-41.6
1,149.7
1 ,007.0
924.9
1,486.1
1,387.3
1 ,866.8
2,014.Or
265.1
39.0
-9*.8
2 7.8
-1*5.*
-377-0
-217.9
-72.2
-300.*
-30.*
-511.1
-722.lr
199.0
68.4
89.9
250.8
79.6
126.5
-51.8
-1 1 .1
-36.6
1.0
7.5
3.9
-22.5
-80.4
-18.5
166.7
73.7
67.7
6 7.2
175.9
60 .7
18.6
-50.9r
-18.1
-162.7
-169.*
-66.7
-11.9
-18.8
-17.0
74.8
99.1
172.6
148.1
124.6r
85.8
229.9
3*5 >
127.*
177.2
*00.5
231.3
-102.5
-301,5
-58.6
Treasury Bulletin
66
nAPTTAT. MnvnfflMTR
Section II - Summary by Countries
Table !•- Short-Term Banking Liabilities to Foreigners^
(Position at end of period In million* of dollars)
Country
195*
Europe:
Austria.................
Denmark.....................
Finland.....................
France......................
Germany, Federal Republic of....
Italy......................
Poland......................
Portugal....................
Sweden......................
U.S.S.R.....................
Yugoslavia..................
Other Europe................
Latin America:
Argentina...................
Bolivia.....................
Chile......................
Colombia....................
Mexico......................
Netherlands W. Indies and
Surinam....................
El Salvador.................
Venezuela...................
Total Latin America..........
1958
Calendar year
1955
91.7
2.5
131.8
8 .1
10k.k
296.*
116.9
.5
65.5
53.2
626.2
1,83*.5
177.*
929.6
133.7
66.6
3.3
137.0
.9
*3.2
152.9
756.7
8.7
.7
550.0
217.2
835.8
20.*
.8
1 ,012.1
5,620.5
13.0
197.1
6,lk6.5
273.2
99.8
.7
71.1
*1.3
715.*
1,372.5
112.5
578.6
2*9.3
103.*
2 .1
91.3
7.8
71.3
1*1.0
672.*
8.2
1.8
639.5
8 .6
358.8
260.8
108.3
.7
60.0
*9.3
1 ,080.6
l,k5k.k
175.7
785.*
163.7
1956
1957
3*8.9
130.2
.7
112.5
6k.5
January
35*.6
130.3
.5
126.1
63.5
33*.Or
l,51*.7r
15* .3
1,083.5
238.6
February
March
April p
May p
June p
July p
353.2
133.3
.6
12k.2
6k. 8
355.1
110.1
.5
130.7
61.3
353.1
118.3
.5
1*1.6
59.0
353.8
113.9
.8
1*3.*
*9.7
363.1
108.6
.5
113.9
k6.9
376.6
100.5
.5
127.0
51.*
319.3
1,508.3
15*.1
1 ,066.2
323.1
317.*
1 ,5*8.6
1*2.2
1,129.3
29* .6
2*9.9
1,595.6
130.9
1,133.9
291.5
309.5
1 ,588.0
115.7
1,052.9
28k. 8
107.3
k.k
155.1
.8
28.5
108.1
6.6
157.5
.8
27.2
103.9
8.7
153.1
.9
3*.2
258.3
90*.1
12.8
.8
1 ,260.1
257.*
89k.6
12 .1
.9
1,017.1
251.0
8k5.1
1*.9
1 .1
1 ,060.8
300.9
1 ,*65.2
121.9
1 ,070.8
292.9
107.6
6 .k
153.8
.8
30.5
253.6
833.1
11.8
.8
1,059.7
7.*
570.0
5.*
525.5
6.5
610.*
8.7
633.3
93.*
3.2
1*2 .1
.8
2k.3
117.1
3.9
136.8
.9
22.2
315.6
l,k9k.O
156.5
1,078.5
3*9.5
122.1
*.7
lkk.l
.8
2k. 1
26k .6
9*5.*r
15.5
1.0
1,330.5
265.7
922.5r
11.7
.8
l,2kk.l
1 7 .0
276.9
6 ,86k. 9
260.3
967.Or
18.3
.7
1,275.*
10.6
3*3.7
7 ,l*1 .8r
7.3
397.3
7 ,2*2 .8r
6.9
k79.2
7,297.Or
7,338.*
7,117.7
8.5
523.1
7 ,068.6
6,959.*
7,133.9
1,535.7
1 ,032.2
1,515.5
1 ,623.0
1,596.6
1,662.5
l,626.k
1,661.9
1,789.2
2 ,000.8
1 ,962.0
160.k
29.2
119.6
69.6
222.2
137.9
26.k
lk3 .k
95-2
130.5
1*5.7
28.6
22*.7
90.6
152.9
252.7
6k .9
kk.8
*13.7
211.5
68.2
63.7
*33.0
139.9
22.9
125.*
85.5
125.3
281.1
53.3
63.9
331.6
1*7.0
20.9
126.2
73.5
128.7
236.7
60.k
3*.5
328.9
137.3
22.0
138.6
77.*
119.5
26 1.k
k8.8
63.7
36 1 .k
*8.7
73.8
8 3 .*
3 0 .k
90.3
193.6
12k . 1
k6.6
68.6
85.7
92.2
23.9
65.0
26k.9
112.1
109.3
83.6
25.5
73-3
*55.5
111.2
1,905.9
1,999.8
2,3*5.7
35.7
60.8
86.9
100.3
31.*
36.2
55-0
72.8
17*.5
36.6
35.5
66.2
76.5
185.7
19.7
*1.0
721.0
95.6
257.*
3*.3
52.8
893.2
87.9
252.0
38.8
123.1
23*. 1
353.7
1,557.2
153.5
1 ,078.6
202.5
101.0
3 .8
161.0
.8
28.3
268.2
812.0
10.8
1.0
1 ,098.2
136.8
26.3
132.2
75.1
152.9
235.0
53.6
6 5 .*
386.3r
138.3
23.5
120.k
78.3
1*9.8
136.9
25.1
117.7
72.1
1*6.0
lkk.3
23.0
116.2
76.9
135.*
139.3
22.3
120.*
78.2
125.2
239.6
51.5
68.0
397.3r
239.0
*8.7
6 8 .7
382.2r
235.1
*8 .1
65.8
378.*
265.8
*9.6
62.k
379.3**
73.*
136.0
59.9
27.2
55.1
835.3
12k .k
69.3
1*0.5
65.9
33.3
8k.8
7*9.0
135.*
2,51*.Tr
66.1
66.0
6 7 .k
62.2
67.2
123.3
55.6
3 2 .1
7 2 .1
779.5
136.1
1*3 .8
62.2
31.*
85.6
709.2
152.1
2 ,k7 3 .8
137.3
62.3
36.9
8 1 .1
770.5
15k .6
135.*
7*.2
3 6 .1
76.2
711.6
156.3
13*.*
7 3.0
33.2
76.5
7*0.2
150.k
138.1
7*.2
29.6
79.*
663.6
lk2.2
2,*87.3
2,k98.7
2 ,k02.5
2,575.1r
70.6
2 ,536.1r
2,551.3**
277.5
53.6
59.1
321.9
Asia:
India......................
Philippines.................
Thailand....................
Other countries:
Australia...................
Belgian Congo................
Egypt 2/....................
All other...................
36.3
69.7
82.k
150.7
55.3
3 6 .k
6k . 7
7 8 .1
138.3
5k .8
3 6 .1
65.5
77.3
132.2
kk.5
36.2
67.8
79.1
89.k
52.2
3k .6
65.6
7*.5
86.k
*7.1
3*.6
65.5
76.1
87.9
*3.3
35.9
6k . 1
83.6
83.7
6k .2
36.2
67.8
79.9
89.2
55.0
k5.0
1,016.5
99.*
272.k
60.5
52.2
585.7r
117.0
17*.5
85.8
k8.7
599.6r
118.1
18k.k
8 7 .O
k9.8
655.5
120.5
I89.O
88.0
51.6
731.5
122.2
168.9
91.8
156.5
380.2
156.1
395.6r
158.5
393.6
l,9*6 .3r
1,961.7r
2,010.5
1,987.1
1*7.8
367.3
2 ,066.6
50.7
858.0
119.0
168.2
90.5
lkk.8
37*.7
1,821.5
lk8.3
389.3
2,kl5.1
50.9
772.2
116.5
179.6
90.9
1*6.5
368.7
2 ,032.6
k8 .k
802.7
117.1
163.6
88.2
137.9
3*3-*
2 ,181.2
k8.5
703.8
121.3
187.9
91.9
156.6
367.*
2 ,002.0
2,133.9
*7.7
*3.6
*7.1
32.7
9k.0
75-1
ki.5
71.6
52.6
119.0
8k.2
kk.2
50.3
52.9
Ilk.2
8k .8
39.3
ko.l
37.6
lk9.0
82.1
kl.2
*1 .8
59.5
156.9
8 0 .1
39.*
*1.5
35.6
158.*
82 .k
k5 .8
k2.2
38.5
155.8
77.*
53.6
ko.8
20.8
150.2
77.*
35.1
28.6
27.3
lkk.O
75.0
33.9
18.0
2k.2
136.9
85.9
3*.9
16.k
21.9
125.6
1**.8
368.1
265.I
359.9
3*5-9
350.7
381.6
35*. 9
36k .8
3k2.8
1,769.9
1 ,8 8 1.1
1,*52.1
1,517.3
1 ,618.8
l,k70.6
1 ,3 7 6 .7
1,373.*
12,918.6
13,600.7
1*,939.1
15,15*.3r
15,337.5r 15,310.2
15,182.0
15,03*.2r
1/ Liabilities to countries not regularly reported separately are published
annually in Section IV, Table 5, in the April issue of the "Treasury
Bulletin."
2J Part of Uhited Arab Republic (Egypt and Syria) Bince February 1958.
p
r
3 12 .k
287.9
1 ,51k.2r
l,kk6 .9r
1,*58.7
15,260.2r
15,375.8
15,20k.3r
28k. 7
Data on liabilities to Syria are reported annually, and appear
in Section IV, Table 5, in the April issue of the "Treasury Bulletin."
Preliminary.
Revised.
September 1958
67
_______________ CAPITAL MOVEMENTS_______________
Section II - Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars)
Calendar year
1958
Country
1954
1956
1955
January
1957
February
April p
March
May p
June p
Europe:
Denmark.....................
Finland.....................
France......................
Germany, Federal Republic of...
Netherlands..................
Spain.......................
.4
19.6
*
9.7
2.5
14.2
70.2
3.3
19.7
15.9
2 .1
*
•5
*
4.0
2.0
15-9
13.2
2.5
12 .1
87.8
4.5
29.9
11.2
6.7
28 .1
.2
12.2
3-5
6.4
33-3
.1
10.7
4.1
18.3
157.0
4.3
43.2
20.9
114.4
140.0
6.3
58.3
29.4r
8 .8
.1
1.5
*
4.8
23.4
*
1.6
*
7.6
4.1
16.2
40.7
7.4
25.7
77.9
13.1
28.9
87.6
23.4
3.6
2.0
*
11.5
10.2
34.5
76.2
6.8
36.1
•3
9.5
4.3
101.1
135.9
5 .5
52.5
3 2 .8r
8.6
34.9
*
8.9
3.5
97.7
125.6
6.2
53-1
32.2
23.3
3.6
1.9
*
22.4
24.7
4.5
1.8
*
26.0
10.9
29.8
71.5
107.0
13.^
27.3
74.6
94.8
9-k
33.1
.3
7-9
5-7
104.1
129.8
7.1
55.2
38.7
27.2
5.4
1.7
-
38.5
8.0
32.7
.1
6.2
4.5
5.1
34.9
*
7.4
5.3
91.9
134.4
7.0
49.1
34.9
29.0
5.8
1.6
93.1
138.2
8.7
45.3
46.2
8.0
24.4
.1
8.0
3.6
84.4
123.4
7.4
48.5
41.3
23.6
4.5
1.5
25.9
4.6
2.2
-
-
-
44.5
16.9
30.3
80.9
94.8
48.7
47.1
17.7
26.6
80 .7
93.3
16.2
36.3
78.5
*
105.2
1.3
4.3
1.3
4.0
678.3
219.7
686.3
229.5
1.5
4.3
670.9
261.4
Switzerland..................
Turkey......................
U.S.S R .....................
Wilted Kingdom...............
173.5
109.3
104.4
109.3
11.2
31A
76.7
110.4
Other Europe.................
1.3
4.5
2.0
6.4
.3
6.3
.2
5.8
.6
4.8
.7
3.9
Total Europe.................
Canada........................
402.5
75.6
423.2
143.7
267,5 .
157.3
679.5r
154.1
6 7 1 .Ir
151.5
651.3 _
154.3
.4
5.1
679.8
186.5
5.6
2.5
273.5
14.1
107.0
6.8
3.8
68 .7
13.7
143.0
15.4
4.3
72 .1
16.2
145.1
28.3
3.2
99-5
32.6
107.4
26.0
3.^
109.7
43.3
107.0
26 .7
3.1
141.0
41.2
90.8
25.8
3.1
168.1
39.7
89.0
24.1
3.3
184.3
41.7
84.3
22.0
3-2
20 1.7
49.8
8 3 .O
37.2
3.0
188.8
53.9
77.6
70.7
2.6
3.9
115.7
91.9
5.4
5.1
153.7
89.8
6.8
7.3
212.9
113.1
14.7
7.8
2 3 1.Or
129.5
12.9
8.6
223.7r
125.8
11.6
8.9
222.6r
115.8
11.7
8.9
223.7
99-2
10 .1
8.6
244.6r
122.8
11.4
8.6
256.6
104.9
7.1
8.0
253.1
2.3
2 3.8
34.5
6.4
47.4
157.^
51.U
1,009.7
2.7
18.8
37.9
5.7
36.9
1*0.9
50.5
1,055.6
2.9
23.8
33-1
6.7
39.4
136.2
51.9
1 ,027.6
-
-
-
-
Latin America:
Brazil......................
Chile.......................
Colombia....................
Cuba........................
Dominican Republic............
Guatemala.... ...............
Mexico........... ...........
Netherlands W. Indies and
Surinam.....................
El Salvador..................
Uruguay.....................
Total Latin America..........................................
1.4
2.6
8 .8
16.2
10.0
6.9
62 .7
26.5
728.1
16.6
29.4
8 .1
18 .1
104.8
33.9
705.6
4.9
12.2
34.7
10.9
14.9
143.9
49.2
2.3
18.5
3 0 .8r
8.4
41.7
169.9r
51.0
19.3
30.9
9.4
51.9
166.5
53.2
840.4
960.Or
997.7r
2.2
20.4
29.9
7.5
52.7
158.1
51.9
994.2r
2.6
3.4
4.9
.7
15.8
2.5
3.8
5.7
.3
20 .1
16.4
170.2
.7
15.6
5-5
9.0
87.5
2.5
6.9
5.6
.2
2 1 .7
23.6
145.6r
1.6
52.9
5.7
6.3
36.0
2.5
3-3
5.4
.8
18.0
10.4
102.9
1.0
18.8
5.5
8.0
56.0
13.7
106.1
2.5
7-8
7.0
.2
23.5
22.5
152.2r
1.7
53-8
5.6
13.0
110.4
2.7
6.7
6.9
.3
26.0
21.0
147.6
4.0
57.6
5.5
12.8
114.7
143.3
232.6
337.5
386.lr
400.2r
14.1
6.3
1 .0
5.9
9.6
11.4
5.2
1.5
8.4
17.0
10.6
5.9
2.0
7.9
16.7
12.7
5.1
1.0
12.0
18.9
37.0
43.5
43.0
49.7
_
_
2 .8
2.6
21.3
36.8
5.6
44.4
150.0
48.3
l,009.2r
Asia:
Hong Kong..........................................................................
India.......................................................................................
Indonesia..........................................................................
Philippines..................
Taiwan....................................................................................
10.7
50.0
.2
7.3
5.4
2.5
7.2
6.2
.2
29.0
2.5
7.5
5.7
.2
29.2
12.5
100.1
2.5
7.9
7.7
.4
39.7
19.0
213.9
3.2
41.7
5.5
12.2
107.5
19.3
223.5
1.6
44.9
5.5
15.8
109.4
18.3
229.6
1 .1
31.6
5.6
16.9
102.6
405.9
383.0
461.3
465.0
450.7
12.9
5-3
.9
9.2
16.9
12.5
6.4
1.4
7.4
15.8
12 .7
6 .1
1.4
11.9
12.3
12.6
5.6
1.8
14.3
14.1
12.6
8.0
2.2
36.0
14.4
13.5
8.9
1.2
38.0
17.3
45.2
^3-5
44.4
48.3
73.3
79.0
2.5
7.9
7.5
.2
28.1
21.3
139-1
5.0
53.2
5.7
Other countries:
Belgian Congo......... .........................
Egypt l/.............................................................................
1,3,86:1
1.548.5
*
-
1
-
2 ,265.9r
2A229*5r
l/ Part of Uhited Arab Republic (Efeypt and Syria) since February 1958.
Data on claims on Syria ere not available separately, but are
included in "Other Asia."
*
p
r
-
2,249.2r
Less than $50,000.
Preliminary,
Revised.
-
2.303.3
1.9
2,4l8.8r
-
2,509.7
-
2,489.5
Treasury Bulletin
___________________________ CAPITAL MOVEMENTS__________________________
Section II - Summary by Countries
Table 3.- Net Transactions in Long-Term Domestic Securities 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
1958
Country
Europe:
Austria.....................
Czechoslovakia...............
Denmark......................
France......................
Germany, Federal Republic of....
Greece......................
Italy......................
Netherlands.................
Spain......................
Switzerland.................
U.S.S.R.....................
Yugoslavia..................
Total Europe................
1956
195^
1955
4,060
4,869
-22
393
1,582
16,992
-148
-101
-616
-34,339
1,464
-98
-9
-89
800
-2,903
13,311
-28
-98
1,923
-1,685
8,761
811
-6,894
17,695
47,580
39
2,261
-361
663
-1,004
147,487
346
96,025
-186
5,374
768
25,355
118
-1,196
-59
-120,635
6,596
-514
422
-42,427
-6
9,886
1
-702
-37
9,543
3,012
61
672
39,416
37,977
6
1,603
1,001
19,046
37
4,494
-14
-651
6,111
98,302
79
79,027
-165
23,161
329,117
161,019
-287
73,402
l,4l6
69,766
-181+
77
138,928
-47
233,939
-7
7,659
120
10,340
1957
291,273
May p
February
March
April p
-695
-490
36
-3,468
135
-23
61
-329
-213
838
758
-4,921
1,280
-17
14
-3,680
-23,670
-22
101
-2,506
4
895
107
18
-101
241
1
1,496
-100
-23
348
557
17,834
168
57
2,887
-4,599
-19
33,959
-425
-7,194
-27
3,472
79
-635
27
9,316
-5
-1,810
-256
2
-892
-369
-24
43
-807
2,691
157
99
-62
-10,154
-13
2,283
-17
-6 ,l44r
1
7,196
-4,4l8
-5
3,644
3
-1,386
32,922
-10,500
194
-12,446
9
5,297
889
-7,898
-l6,004
-9,270
-105,325
-485
21
130
-62
132
-22,527
-31
78
-484
6
-8
-339
-103
77
-26,938
24
-50
-772
-274
3
-134
12
-380
1,726
110
65
-350
January
-2 ,297r
-187,195
264,825
-123,507
-8,357
-8,737
-22,099
-14,966
-938
202
413
1,979
-U74
84,255
265
-1,267
624
930
108
1,110
3,782
1,460
53,677
-53
-141
2,128
3,066
492
1,832
2,260
1,694
9,087
778
-29
4,723
1,255
-448
869
963
1,292
-8,738
-20
408
2,028
-43
-1
175
302
26
657
28
-10
-865
252
-72
-158
21
428
13
30
-24
92
-1
71
-108
-28
-4,310
56
210
382
-3,137
June p
31
-52
47
2,006
157
35
-425
1,186
-39
-610
-714
25
5,093
-4,581
-4,014
3,130
1,045
-4,972
-9
-21
176
-6,925
-5
114
105
-3,964
-23,197
18
-25,748
-15
-153
-60,435
Latin America:
Brazil......................
Chile......................
Colombia....................
Dominican Republic...........
Netherlands W. Indies and
3,810
280
4,611
483
982
602
482
13,339
-119
-40
6,1+03
3,649
8,025
1,190
3,016
804
-157
198
669
7,445
3,903
Panama, Republic of..........
Peru.......................
El Salvador.................
Uruguay.....................
-1,789
670
-57
3,724
3,769
-264
524
257
124
4,185
1,483
125
-675
-16
-4
-644
-430
-236
-358
6
-11
62
-224
-29
642
2
36
466
-92
-207
1,040
112
-15
55
-902
-620
Total Latin America......... .
113 >179
76,166
33,859
8,117
1,304
-73
36
-596
-482
294
1,032
3,096
-3,707
-21,399
-27,831
-1,589
38
-1
187
-957
-359
-1,421
-1+0U
5,393
-4o4
-71+8
-i+l
688
5,300
789
1 5 ,140
20
153
5,524
49
-14,777
117
706
1,096
15
207
-438
219
-2,335
-453
85
94
-181
-1,694
2
-756
-493
69
82
17
-24
-14
-25
-801
-47
19
28
-31
591
4
9
11
172
166
-86
-11
-99
-1,181
-16
-399
-69
821
-2
22
30
116
14
13
-23
154
6,048
23
36
-225
-57
443
12
-230
-7
-21
9
-82
52
-78
34
1
444
3
-641
3
1,179
1
-69
350
-140
-949
71
854
10
-535
212
18
1
-27
10
103
54
2
14
7
-160
36
-7
19
-52
-9
5
56
2
48
126
-36
5
-10
-242
Asia:
China Mainland...............
Hong Kong...................
India......................
Japan......................
Korea, Republic of.... .
Philippines.................
Taiwan......................
-550
1,063
24 1/
-1,079
-1+20
Thailand....................
Other Asia..................
-11+1
758
Total Asia..................
-785
1,751
8
154
945
-14
943
-37
8
-6
-303
32
47
67
3,451
254
4,857
29,121
-1,146
545
9,577
4,610
Egypt 2/....................
Uhion of South Africa........
All other...................
168
-20
210
541
2,326
349
32
128
-21
6,076
191
2
-213
287
4,114
-174
60
77
441
3,149
8
-14
4
-9
-354
3,225
6,564
4,381
3,553
-365
105
-83
-4
102
-157
International.................
77,730
-20,561
81,745
-157,420
463
134,858
121
4,806
1,901
87,751
Grand Total...................
14^,318
685,232
156,351
141,776
111,402
13,338
-43,030
-42,142
-79,375
Other countries:
l/ Not reported separately prior to March 1954.
2/ Part of Uhited Arab Republic (Egypt and Syria) since February
1958* Data on transactions by Syria are not available separately,
-9,554r
p
r
but are included in "Other Asia."
Preliminary,
Revised.
September 1958
69
__________________________CAPITAL MOVEMENTS__________________________
Section II - Summary by Countries
Table 4.- Net Transactions in Long-Term Foreign Securities 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
1958
1954
1955
3,056
7,214
25,574
1,179
-587
-6,985
-3
15,356
179
-584
5,955
-13
3,416
2,202
2,402
602
3,387
288
273
781
83
4
106
7,096
72
-
52
279
61
65
48
-9,091
1,232
55
40
-3 ,006
-3
56
1
-37
-2,034
183
-6
France.....................
Germany, Federal Republic of....
Greece.....................
Italy......................
Netherlands.................
N orway.....................
Poland.....................
Portugal....................
Rumania.....................
Smin......................
-4,670
1,280
1,351
3,991
-84,841
5,401
4,662
60
1,783
-24,275
-20,090
-234
284
-7
-285
16,725
19,000
2,458
1,065
-992
-1,631
3
447
390
17,602
203,837
885
4,585
-8,641
9,065
-4
358
-5
66
-5,780
150
-8
1,256
-14,148
40,200
887
21
316
-154,158
761
106
-20
-1,574
279
44
239
-3,003
2,859
15
155
-663
-1,218
27
1,3^3
-1,966
4,762
2
-13
24
-1,840
75,326
-10
614
-408
-10,627
1,020
52
Sweden................... .
Switzerland.................
Turkey.....................
U.S.S.R.....................
-487
33,620
-197
-9,463
121
2,807
-1,332
14,233
-85
-35,235
495
19,594
-59,218
519
27,904
17
3,909
-192
5,850
2,109
-5
1,642
17
74
394
5,789
1
-2,568
15,410
-^5,523
35
-35,745
231,066
-6,287
-63,925
-23,162
73
4,830
-1,791
365
-5,266
1,317
8,188
-4,952
-1,814
-9,119
-250
-648
8,414
-13
28,660
-4
1,790
8
10,247
-496
357
-2
59
-16,662
-95
875
3
234
2,735
-10,445
-182
2,125
81,259
-133,174
74,154
-447,162
-552,227r
-5,516
-93,3^4
-36,463
-86,357
-122,638
-40,317
-292
77
5,540
51
-323
-1,558
118
5,763
3,621
1,058
133
-4
283
103
14
47
76
270
275
22
-5
481
-350
664
119
10
-1
2,322
-782
1
330
-285
34
-2
217
13
-5
31
283
257
200
-5
409
71
-2
348
76
4ll
6,469
523
228
9,07^
-370
292
8,697
913
3,339
806
-350
-14
13,488
^3
2
-155
257
709
5,311
211
-351
6,031
-144
21
6,262
-62
1,961
2,868
42
-68
8,067
205
6
3
2,174
-814
-3
-4
55
237
-1,186
-394
487
1,798
-1,871
-861
3,356
288
206
-116
794
-66
-135
-203
-142
321
154
356
-18
171
131
375
723
59
34
822
-577
406
Total Latin America..........
32,760
23,506
4,485
1,535
7
-100
3
359
-753
43
419
2,534
-8
224
2
2
53
208
193
3,966
48
2,875
-974
9
580
-2,055
-5,554
17,184
176
106
-2,310
-72
-1,642
-8,045
95
15,109
610
Other Latin America..........
435
1,322
129
2,753
-430
117
12,179
22
2,159
-184
139
-14
-103
14,490
72
-5
-50,564
677
10
659
-25
-525
-9,874
-45,188
1,732
6
-6,508
5
-16
-4
-528
2
3,537
-18
-2,876
52
58
-11
5,028
1
4
-13
1,678
3
1
-39,992
6,232
-1/
-133
220
56
5,125
436
184
129
-41,736
601
-1,949
358
-5,313
-3,157
-2,711
45
51
-1
-5,697
-3,280
Europe:
Austria.....................
Belgium.....................
Czechoslovakia..............
Denmark.....................
Finland.....................
Yugoslavia....... ...........
Other Europe................
Canada.......................
Latin America:
Argentina....................
Bolivia.....................
Brazil.....................
Chile......................
Colombia....................
Cuba.......................
Dominican Republic...........
Guatemala...................
Mexico.....................
Netherlands W. Indies and
Surinam....................
Panama, Republic of..........
Peru.......................
El Salvador.................
Uruguay.....................
Asia;
China Mainland...............
10,337
-44
-9
62
1956
1957
January
3,172
50
22
February
March
April p
May p
June p
61
131
3
578
337
553
1,735
-3,079
3
152
-2,105
-3,360
1,005
1
-3,423
60
-12
1
-1,346
-3,143
44
28
2
-1,32 1
-3,714
-3,273
11
3
964
53
-25,505
-160
195
956
-286
-5,676
1,146
-28
-1
Other Asia..................
Total Asia..................
-2,387
-211
-657
-11,272
-34,149
-48,725
70
3,205
-331
143
19
-53,088
-54
245
450
1,308
8,0 71
-39,962
Other countries:
Australia...................
Belgian Congo...............
Egypt 2/....................
Union of South Africa........
All other...................
11,042
3
60
-5,647
1,722
14,850
6
-19
-21,796
-3^3
-23,709
8
-1
469
6,805
6,051
283
-308
5,633
1,221
143
-3
2
-14,043
-883
1,995
1
118
-73
115
-608
78
-25
7,180
12,880
-14,784
2,041
-440
1,031
-25,470
-5,006
-155,721
-93,022
-301,452
-58,624
India......................
Indonesia...................
Iran.......................
Israe 1 .....................
Japan......................
Philippines.................
Taiwan.....................
Total other countries........
-805
-3,096
-7,302
-16,428
-163,886
-26,53^
-33,130
-383,783
-135,279
-12,593
-3,799
-11,064
-300,388
-30,424
-511,084
-722,l43r
-162,694
-169,443
-66,725
-102,482
l/ Not reported separately prior to March 1954.
2/ Part of Uhited Arab Republic (Egypt and Syria) since February
1958. Data on transactions by Syria are not available separately,
p
r
but are included in "Other Asia."
Preliminary.
Revised.
Treasury Bulletin
70
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table !•- Short-Term Banking Liabilities to Foreigners as of July 31, 1058
(Position In thousands of dollars)
Total
fihort-texm
liabilities
Country
Europe:
Austria........................
Belglui.......................
C’’eohosloralria.................
fin— mli.......................
Finland................... .
France........ .............. .
Geraany, Federal Republic of.....
Greece..........................
Ttrfj.................. .......
Netherlands.......... ....... .
Norway....... ..... ..... .
Poland... ............ .........
Pflflrtflgftl..........................
.............. .
,
Spdln.........................
Sweden.............. ..........
Switzerland............. .......
Turkey...... ..............
u . s . s j i .............................................................. .
.................
Yugoslavia.....................
Total Europe....... ............
JLatln Aaerlca:
Argen-tin*..........................
Bolivia................... .
Brat1 1 ...........................................................................................
Chile.........................
Coloabla.............. ....... .
Cuba.
Dominican Republic•••.•••••••••••••
Guateaala................. .
HtTl”" .......
1 . ||
1 t
Netherlands V. Indies and Surinam..
Panana, Republic of.
Peru.
El Salrador........................
Uruguaj...... ...............
Venezuela......................
Other Latin Aasrlea........ .
Total Latin Aasrlea...........
Asia:
Qtijwa Mainland.................
India.........................
Indonesia..........................
Iran.................... ......
Israel........................
Korea, Republic of.
Taiwan
.............. .
Thailand............ ..........
Shart-ter* liabilities payable In dollars
To foreign banks and official institutions
To all other foreigner*
Total
Deposits
U.S.
Treasury
bills and
certificates
376,555
100,*65
53*
127,008
51,*29
37*,161
56,172
316
111,638
*9,***
365,26*
*2 ,8**
309
7*,73*
39,362
_
852
21,600
6,100
309,520
1,588,003
115,681
1,052,9*2
28*,785
100,980
3,822
161,0*3
776
28,25*
268,152
811,965
10,809
986
1,098,180
2*6,662
1,555,393
10*,539
1,010,521
261,156
190,925
289,*29
10*,*5*
165,708
93,51*
*1 ,3*0
1,010,05*
55,*38
3,505
12*,327
335
10,75*
258,152
68*,396
8,052
729
756,185
5*,*51
3 ,0*6
123,689
333
10,31*
75,0*0
*23,9*3
7,560
723
392,38*
171
8,660
633,333
7 ,133,882
8,302
8,3**
606,**2
197,07*
6 ,286,661 2 ,663,*02
1,961,992
1,730,815
1*7,016
20,87*
126,221
73,508
128 ,€86
Other
Total
Deposits
U.S.
Prsssury
bills sad
certificates
Shcrt-tsxm
liabilities
payable In
foreign
currencies
Other
8,897
12,*76
7
15,30*
3,982
2,39*
**,136
218
15,277
1,905
2,392
37,078
218
13,609
1,985
.
838
708
-
2
6,220
960
-
157
93
-
1*,397
255,910
85
278,229
10,126
62,220
1*,*70
11,1*2
*2,*01
23,586
3,602
9
100
7,885
2,818
3,556
1,525
638
18,1*0
*5,*89
317
36,713
**1
17,32*
5,593
275
2,676
1
205
_
225
20
*3
816
*59
638
2
**0
55,062
12,936
11,0*2
28,923
20,*93
*1,*7*
316
36,008
**1
17,062
.
3*2,028
56,112
116,97*
*92
6
21,773
9,933
125,308
2 ,6*9
257
308,73*
9,702
10*,705
2 ,6*9
257
199,68*
277,306
*2
132,062
316
26,885
316
2*,011
2 ,69*,030
929,229
792,195
1,1*7,957
567,077
15,781
93,*80
6,078
**,299
15,956
73,299
93,229
6,053
32,567
15,5*5
71,109
:
100
-
277,*82
53,611
59,061
321,9**
67,18*
153,369
32,632
*1,788
205,5*3
*2,601
*0,281
_
13,100
*,600
6,300
138,057
7*,172
29,619
79,371
663,559
1*2,162
23,817
27,337
1*,969
39,191
51*,708
77,658
109,935
32,562
23,985
199,*15
27,512
23,622
27,199
7,550
36,217
51* ,207
63,826
2,*02,527
1,*06,725
1,28*,533
72,076
36,197
67,839
79,911
89,163
55,011
29,0*8
36,102
63,373
75,308
51,721
3*2
50,685
857,950
118,98*
168,163
90,526
1**,782
37*,699
29,63*
38,220
6*,762
87,280
51,735
*8,03*
839,793
117,722
1*6,896
83,7*8
1*0,339
3*3,967
35,957
599,233
116,218
130,908
83,718
51,183
291,8*7
2.133.910
1 .992.130
1.56*.616
85,909
3*,875
16,*37
21,925
125.591
28*,737
82,090
3*,322
15,560
18,627
96.317
2*6,916
*6 ,30*
17,7**
15,3*7
15,052
87,612
182,059
566,58*
157,516
_
_
_
127,000
1*3,*79
90
1,000
5
6,600
11,200
1,339
_
53
500
_
37
181
5,628
50
1*,975
_
71,525
.
37,525
2,261
108
_
33,261
620,363
517
95,687
2,357
76,1*5
55,026
221,387
197,051
16,9*5
7,391
9,790
251
25
11,632
*11
2,190
53,506
1*,796
91,902
57,5*3
55,378
52,526
1*,712
78,505
56,*38
5* ,801
90
890
8*
3,2**
896
505
30
153
209
72
3,153
70
*,703
1,528
8,789
105
138
6,*19
12*,U 3
20,979
17,273
115,7**
2*,583
2,715
2,232
2,288
19,729
2 ,9 6 9
* 0 ,1 7 2
501
7,232
50,116
1*8,659
6*,227
118,980
20,958
17,238
11*,*59
16,519
98,022
*3 ,6*8
1*,352
31,260
1*6,290
60,730
99*,5*7
939,*38
2**
2,118
1,389
772
1*
6,563
29,609
1*,079
1,883
3,276
6,577
31,735
50*
1*,898
6,563
28,8**
1*,079
1,883
3,276
2 ,6*6
17,823
1,262
21,001
6,*28
11*,19*
*6,828
1*,650
63*
21
30
623
5,7*5
*,786
131
22
_
_
*,*99
5
662
2,319
11,386
3,0*9
298
6,197
137
1,209
35,380
7*3
_
3
176
6 7
6
20
9
9
_
_
657
*6
7
8
192
277
1,255
10
1,070
_
1
23*
*
190
350
35
*1
*,*3*
30,*53
-
9
122
157
1*0,*98
138.692
662
1,1**
1,282
3,573
553
877
2,589
28,922
36,51*
3,*78
553
877
2,588
26,255
33,751
95
6,508
213
75
8,705
18,187
290
385
*,906,*9* 1,107,396
2,185,196
1,929,295
133,*63
5,500
208,825
1,000
1,090
30
67,500
37,9**
21,656
1*,176
2,6*7
18,157
1,262
21,226
6,778
*,**3
30,575
3 3 3 i* 3 i
9*,083
100
Other countries:
of South Africa..............
All other.....................
Tirt#rn*tlonal.................
jJ
••••
1,*58,709
1 ,*58,65*
265,***
15,375,757
13,121,901
7,108,011
Part of Uhited Arab Republic (Egypt and Syria) since February 1958.
Data an liabilities to Syria are reported annually and appear In
Section 17, Table 5, In the April Issue of the "Treasury Bulletin."
33,100
10,070
3,500
*6,670
2 ,6 8 6
1,193,210
55
-
2*6
1
2,377
2,378
709
352
1,307
122,*38
68,660
55
September 1958
7i
______________ CAPITAL MOVEMENTS______________
Section III - Preliminary Details by Countries
Table 2*- Short-Term Banking Claims on Foreigners as of June 309 1958
(Position la thnwasnis of dollars)
Shcart-term claims payable in dollars
Country
Europe:
Austria........................
Belgium........................
Chechoslovakia..................
Denmark.................. ......
Finland........................
Total
short-term
claims
Loans to:
Porei£»
banks sad
official
institutions
Total
Others
Collections
outstanding
for own
account and
domestic
customers
Other
Short-tem claims payable in foreign
currencies
Deposits of
reporting
banks sad
Total
Other
dassstic
customsrs vlth
foreigners
7,956
24,402
82
8,021
3,624
7,946
23,604
82
7,893
3,623
670
1,504
547
110
768
9,183
33
38
1,497
6,061
82
2,735
693
5,011
6,856
4,578
2,782
10
798
128
1
10
787
126
1
_
11
2
-
84,412
123,369
7,418
48,468
41,326
82,782
94,931
7,418
47,778
40,568
2,005
10,111
3,037
18,410
2 ,111
2,659
1,510
54
3,239
20,751
8,354
18,264
3,940
9,542
10,452
69,764
65,046
387
16,587
7,254
1,630
28,438
690
758
1,621
28,303
418
691
9
135
25,709
4,576
2,173
46,217
2,198
2,706
1,061
701
17,751
487
545
16,185
231
51
876
15,673
28,561
78,464
36,022
505
121
26,889
36O
7,940
74,886
17,302
5,255
1,383
446
2,442
U.S.SJ*........................
Uhlted Kingdom..................
25,940
4,576
2,224
47,093
16,182
36,345
78,469
1
105,203
4,689
4,075
3,567
12,890
1,455
3,982
432
421
9,139
740
3,936
«.
242
Total lurope....................
1,455
4,325
670,891
1,485
15,806
11
1,894
_
2,261
151
51
875
501
7,682
5
1
63,363
_
326
104,912
272
67
80
1
8
102
5,818
_
17
6,522
Prases.........................
Germany, Psdsral Republic of......
Italy..........................
letherlands....................
Poland.........................
Rumania....................... .
Spain..........................
Sweden.........................
Switzerland....................
227,290
509
7,784
5
1
69,181
_
343
111,434
559,457
167,361
69,218
1,023
1,058
95,588
261,374
209,947
25,722
118,040
7,587
58,598
51,427
48,342
3,085
37,169
2,951
188,815
53,919
77,647
104,886
7,076
8,020
253,097
2,885
23,803
33,149
6,676
39,351
136,195
51,916
37,152
2,947
188,549
53,918
77,644
6,953
6
63,413
20,800
17,684
7,827
2,793
27,045
9,911
23,616
20,345
32
84,368
13,975
29,787
_
4
237
-
65,444
52
83,158
635
123
2,304
146
16,915
15,201
6,974
299,808
13,527
2,728
6,358
23,907
1,372
10,507
3,848
694
95,046
28
17
4
266
1
3
290
3
2,075
1
17
29
1
3
104,596
7,076
8,017
251,022
2,884
2,027
116
13,723
9,232
6,557
15,118
500
913
48,911
849
11
3
299
1
18,713
4,585
294
4,834
30,187
13,495
170,054
3,069
16,876
3,279
2,385
51,741
23,495
219,929
1,897
9,372
2,957
15,211
36,971
7,905
332,943
1
12
i
2 ,0.;
*+r
4,821
279
1,776
_
11
5
1,357
36
3,514
1,307
1,404
9
52
641
2,765
1
2,885
4,776
174
28,356
37
607
Ill
106
2
1,293
26,331
1,116
808
52
13,239
84,332
207
70
15
187
1
217
1,966
5
7
-
14
1,284
2,435
13,301
2,338
1,405
3
1
217
1,118
5
62
Latin Aserloa:
Bolivia........................
Chile..........................
Colombia.......................
Cuba....................... «...
Dominican Republic..............
Guatemala......................
Motherlands Vest Indies and Surinam.
Other Latin America.... .........
Total Latin America..............
Asia:
23,802
33,137
6,676
39,345
134,100
51,869
1
1
1
738
11
1,027,555
1 ,022,734
2,476
7,515
5,701
175
29,156
18,280
229,595
1,146
31,616
5,626
2,476
7,500
5,514
174
28,939
18,280
227,629
1,141
31,609
5,626
Thailand.......................
16,901
102,553
16,901
101,910
3,107
114,201
25
30,488
5,502
12,114
85,920
643
15
184
848
7
581
Total Asia.....................
450,740
447,699
257,548
6,277
81,528
102,346
3,041
1,635
1,406
13,501
8,942
1,181
38,025
17,332
12,087
8,935
1,052
37,956
16,642
1,139
1,005
184
31,120
2,872
1,414
7
129
69
690
76,672
36,320
4,041
5,979
299
6,237
11,135
27,691
6,896
16
6
575
666
78,981
11
1,935
563
24
1,969
4,502
8,159
2,309
879
7
129
50
123
1,188
535
19
567
1,121
-
-
-
-
-
432,323
729,336
173,032
159,591
13,441
India.........................
Iran..........................
Israel.........................
Japan..........................
Other countries:
Australia......................
Egypt 1/ .......................
Union of South Africa............
2,475
3,174
122
420
International....................
-
-
-
-
Grand total......................
2,489,541
2,316,509
786,759
368,091
1/ Part of United Arab Republic (Egypt and Syria) since
February 1958. Data on claims on Syria are not available
separately, but are included in "Other Asia."
Treasury Bulletin
72
.CAPITAL MOVEMENTS.
Section III - Preliminary Details by Countries
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners during June, 1958
(In thousands of dollars)
Purchases by foreigners
Domestic securities
Country
Europe:
Austria......
Belgium......
Czechoslovakla.
Denmark.......
Finland......
France....................
Germany, Federal Republic of.
Greece...................
Italy....................
Netherlands...............
Norway...................
Poland....... ............
Portugal.................
Rumania..................
Spain....................
Sweden.....
Switzerland..
Turkey.....
U.S.S.R....
United Klngdo
Yugoslavia...
Other Europe.
Total Europe.
U.S.
Total
purchases Government
bonds and
notes
18
13,352
Sales by foreigners
Foreign securities
Corporate end
other
119
18
1,925
Total
sales
10,983
325
364
3,1^3
25
19,550
76,796
210
4,281
7,940
1,846
563
217
25
153
10,169
831
2,380
60
103
47
772
5,857
508
105
518
3,849
455
75,372
7,115
5
1,615
5,799
5
29
3,014
259
Domestic securities
607
670
1,995
634
25
2
32
1,065
46
534
978
103
26
356
3,150
60,022
39
1,502
8,696
897
5,860
253
50
32,417
38
49
678
10,419
65,728
30,768
1,376
25,762
5,683
U.S.
Gorernaent
bonds and
notes
641
148
57
1,865
7
13,077
3,674
6
2,053
593
694
334
6
16,297
6,051
4,234
537
7,303
24,667
10
481
4,943
5,609
3
15
565
869
28
4,192
45
366
7,501
343
27
389
2,904
916
14
12
25
625
2,068
57
12,927
10
27
406
11,117
190
420
59
2
307
4,164
3,096
5,186
5,204
199
6,720
77,430
20
29
5,104
28,649
1,215
7,404
2,139
94,044
56,390
3,231
24,033
15
4,118
46
720
66
18,164
73,737
35,915
117
13,958
18,676
15,676
47,360
26,239
612
39
667
442
479
97
50
13
285
21
60
198
5
1,039
47
3
11
12,225
1,739
74,422
15,391
123,460
7,672
261,896
126,859
67,890
12,500
13,187
17,226
16,056
272,501
164,550
808
42
1,136
588
789
56
17
593
42
572
432
99
118
322
529
58
661
25
75
29
1,087
39
789
926
505
9
40
1
8,404
115
88
1,692
2,057
5,825
332
8
3,464
2,863
1,320
29,531
5,200
2,868
23
85
1,280
1,224
142
130
7,492
8
27
1,987
1,527
76
2,795
3,333
198
5
2,200
2,122
601
15,677
110
105
3
788
349
473
3,516
4,121
16
15
25
342
134
250
2,456
10
15
25
114
80
1,326
105
202
3
75
68
127
28
Thailand........
Other Asia.......
50
2,018
1,572
45
411
Total Asia.
7,028
1,907
Cuba......................
Dominican Republic..........
Guatemala..................
Mexico.....................
Netherlands W. Indies and Surinam
Panama, Republic of.........
Peru......................
El Salvador................
Uruguay....................
Venezuela..................
Other Latin America.........
Total Latin America.........
Asia:
China Mainland.
Hong Kong....
India........
Indonesia....
Iran........
Israel..........
Japan...........
Korea, Republic of.
Philippines......
Taiwan..........
Other countries:
Australia..........
Belgian Congo.......
Egypt l/............
Uhion of South Africa.
All other..........
Total other countries.
12
214
345
1
5,8
64
92
3
75
449
1,874
323
127
40
3,080
32
225
90
1,621
117
7
980
1,128
7
12
117
434
1,698
30
69
International.
109,726
108,000
763
488
475
Grand total.
557,562
248,657
28,669
107,588
147,422
l/ Part of Uhited Arab Republic (Egypt and Syria) since
February 1958. Data on purchases and sales by Syria are not
47
292
463
163
28
153
221
206
1,369
69
_75.
1,124
7,353
163
6
2,699
3,483
1,126
29,217
14
2,032
81
7
32
3,788
58
216
36
3,351
63
2,843
, 23
2,630
1
64,941
17
30
265
147
94
34,117
20
19,375
282,720
Latin America:
Argentina.
Bolivia...
Brazil__
Chile...
Colombia..
Bonds
94
15,996
15
3,169
120,122
2,032
Foreign securities
Corporate and
other
117
1
11
25,226
7
17
251
1,856
233
208
2,919
18
38
1
18
2,595
20
86
139
6,465
260
29
50
341
3,535
5
16
1,467
946
2,366
143
6
2,278
3,163
843
17,007
14
1,474
47
7
31
38
50
23
4
56
110
214
12
13
1
199
1
117
53
41
1,850
246
180
148
1,300
121
26
3,123
1
236
30
135
1
75
23
60
38
3,874
2,155
37
371
1,338
__ 4_
10,089
2,541
2,152
4,617
394
46
43
7
413
6,352
6,861
21
10
1
33
6
57
580
677
5,753
5,777
356
__ 9
365
385
41
114,997
21,500
695,561
311,3^9
93,497
^3,691
109,249 189,016
available separately, but are included in "Other Asia.
42,256
September 1958
73
___________________________________ CAPITAL MOVEMENTS___________________________________
Section IV - Supplementary Data by Countries
Table 2.- Long-Term 1 / Liabilities to and Claims on Foreigners Reported by Banks and Bankers
(Position at end of period In thousands of dollars)
Liabilities to foreigners 2/
Country
June
Europe:
Austria.............
Belgiun.............
Denmark.............
Finland.......... .
France..............
Claims on foreigners 2J
1957
1958
1957
September
December
March
June p
June
September
December
1958
March
June p
-
-
“
-
-
1,516
10,712
2,200
2,236
259
4,641
10,3H*
2,125
2,783
2,330
7,879
10,556
2,050
3,051
3,^85
10,821
15,H+7
1,975
3,719
^,363
11,401
16,595
1,900
3,359
17,389
483
6,059
6,542
28
l,7*+7
10,360
1
1,748
5,970
14
1
2,500
7,260
8,117
1,9^0
10,821
27,050
84,747
1,844
7,414
21,570
5,076
112,392
10,179
1,711
10,1+87
26,450
89,9^
1,803
6,150
22,085
3,260
120,762
13,165
l,*+59
10,945
25,700
97,043
1,263
5,822
26,325
3,500
121,100
16,577
792
11,929
33,600
101,955
2,723
5,577
24,751
4,117
117,198
12,533
753
13,618
29,950
120,951
2,786
5,218
21,316
2,476
99
102,520
1
-
8,727
9,775
323,224
8,489
3^1,832
8,468
7,720
7
8,917
306,818
8,200
12,135
l,7*+7
8,025
9,772
363,712
371,591
-
-
-
-
-
*+7,*+99
67,603
71,335r
63,316
77,072
-
25
-
8
-
8
-
2
6
-
10,932
96
206,449
653
13,^07
110,080
12,127
1,155
64,650
10,797
98
206,330
810
21,151
111,520
15,116
1,18 1
80,110
6,364
36
210,915
773
17,595
100,736
15,104
1,318
107,l44r
5,298
36
209,637
^13
16,319
100,252
11,723
1,300
105,887
2,936
36
211,903
5,384
15,570
79,384
11,810
1,397
114,114
25
6
73
_
6
61
92
25
51
84
_
45
53
26
44
78
-
-
34,242
2,5^9
1+82
^,725
36,921
15,843
51^,311
31,656
2,680
520
1,366
41,640
25,071+
550,049
31,861
7,311r
475
1,666
57,672r
30,324
589,294r
573,*+75
31,7*+1
10,717
506
2,028
50,401
44,367
582,79*+
-
-
-
-
-
-
4
225
288
4,032
4,609
22,351
12,275
20,341
1,12 1
225
292
14,760
7,817
20,737
13,225
20,547
667
1,257
287
22,924
9,186
18,466
14,105
20,551
50
2,173
3,797
25,132
8,674
17,363
13,895
44,629
582
2,402
4,157
23,857
16,311
19,297
13,895
32,557
Germany, Federal
Italy...............
Portugal............
Spain...............
Sweden..............
Turkey..............
Uhited Kingdom.......
Yugoslavia..........
Other Europe........
Total Europe........
Latin America:
Argentina...........
Chile...............
Colombia............
Cuba...............
Dominican Republic...
Netherlands West
Indies and Surinam....
Panama, Republic of....
Peru...............
El Salvador.........
Uruguay.............
Other Latin America....
Total Latin America....
Asia:
Hong Kong...........
India...............
Iran...............
Israel..............
101+
_
-
-
-
-
34,224
6,962
476
2,565
39,237
35,H+6
500
13
4
53
5U
13
4
53
54
4
64,121
78,724
87,^3
115,713
113,058
Belgian Congo........
Uhion of South Africa..
All other...........
-
-
-
-
-
-
7,848
250
5,996
19,673
7,800
5,171
30,362
-
-
-
-
-
33,767
*+3,333
7,100
2
19,321
*+0,309
66,732
6,734
2,428
19,321
44,907
Total other countries..
7,800
5,171
3*+,399
*+7,370
12,231
9,909
7,827
9,857
966^516
l,l82,9*+8
1,217,905
Philippines.........
Thailand............
Other Asia..........
Total Asia..........
-
-
-
-
-
Other countries:
Grand total...........
. ...6 ,6??..
1/ Having a maturity of more than one year from date of issuance; excluding
long-term securities.
2/ For the following countries, no long-term liabilities or claims were reported as outstanding at the end of periods shown in this table: Czecho
slovakia, Poland, Rumania, U.S.S.R., China Mainland, Indonesia, Republic
P
r
1,062,933 jl,137,274r
of Korea, Taiwan, Egypt, and International.
Preliminary.
Revised,
73,390
Treasury Bulletin
7*
___________ ________________ CAPITAL MOVEMENTS____________________________
Section IV - Supplementary Data by Countries
Table 3«- Estimated Gold Reserves 1/ and Dollar Holdings of Foreign Countries
and International Institutions
(Position at end of period In millions of dollars)
1956
1957
December
June
September
December
Area and country
Gold and
short
term
dollars
U. S.
Gov't
bonds
and notes
Gold and
short
term
dollars
U. S.
Gov't
bonds
and notes
Gold and
short
term
dollars
U. S.
Gov't
bonds
And notes
Gold and
short
term
dollars
1958
March
U. S.
Gov't
bonds
and notes
Gold and
short
term
dollars
U. s.
Gov't
bonds
and notes
June P
U. s.
Gov't
bonds
and notei
Gold and
short
term
dollars
Continental Western Europe:
3,329
187
1,268
10
12
6
5
7
1*
*
2
3,719
177
1,323
8
11
6
5
9
1*
*
2
Turkey...........................
Other 1/.........................
1,071
117
628
160
*83
2,512
16*
933
9
87
*
3
*
131
*
12
1 ,001133
622
1*2
*99
2 ,U*2
158
1 ,20*
10
86
*
n
*
132
*
12
Total Continental Western Europe....
1*,135
298
1*,120
298
2,812
103
191
323
277
228
2,89*
96
191
323
29*
226
*,02*
26*
*
*
1
1
29
299
2,507
109
197
329
262
227
3,93*
203
*
*
1
1
1*
223
2,629
367
2,712
*
*
1
1
#
Belgiun-Luxembourg (and Belgian Congo)
Denmark... ......................
Finland..........................
Greece...........................
Italy............................
Netherlands (and Netherlands West
Norway...........................
Portugal (and dependencies)........
Spain (and dependencies)...........
367
1,227
96
88
1,505
382
1,133
92
9*
996
*2*
1,165
133
97
1 ,00*
*,063
152
1,*58
8
8
6
5
9
1*
*
2
*52
1,182
1*3
99
9*6
*,099
167
1,531
1 ,0**
138
8
8
6
5
9
1*
*
2
*58
1,259
162
96
911
3,968
167
1,528
7
7
6
5
10
1,260
150
658
118
*61
2 ,62*
157
978
1*
95
*
3
8
118
*
6
15
*
2
*66
1,39*
1*5
82
893
*,0*0
135
1 ,67*
7
7
6
5
16
10
*
*
12
81
*
3
*
13*
*
12
651
11*
*79
2 ,685r
162
863
1*
105
*
3
5
128
*
12
29*
l*,755r
319
1*,955
296
2,875
10*
211
329
255
22*
3,998
205
*
*
1
1
3*
2*5
3,*60
102
208
326
231
230
*,557
2*1
*
*
1
1
37
28*
3,810
99
201
331
183
229
3,631
180
*
*
1
1
30
216
*,853
226
*
*
1
1
37
269
*57
2,786
**3
2,738
*57
2,722
**1
3,087
3*1
*
*
1
1
#
*
*
1
1
*
*
*
1
1
*
*
*
1
1
*
167
#
*
*
*
313
30
*57
117
2**
*16
70
65
87
553
1*6
*
*
*
3
1
*
1
2
11
188
*
*
2
6
1
7
16
971
139
636
1*0
508
2,527
156
889
1*,*62
1,289
151
678
120
*58
2,690
156
1,129
15,500
13
86
*
3
*
83
*
2*8
Sterling Area:
Uhited Kingdom dependencies........
Australia........................
India............................
Uhion of South Africa..............
Other............................
Total sterling area...............
Canada.............................
Latin America:
Bolivia..........................
Brazil...........................
Chile............................
El Salvador......................
Panama, Republic of...............
Uruguay..........................
Venezuela........................
Other............................
Total Latin America...............
370r
29
5*9
137
210
3*7
79
53
91
600
167
*
*
*
*
3*5
26
*67
131
263
393
98
81
97
50*
109
119
259
1,058
113
U,123r
1
*
1
3
12
190
135
110
2*8
i,*50
1*0
*,*88
266
2*
*50
126
189
*17
6*
6*
91
*88 kj
*
*
1
1
*
98
*
*
*
3
167
*
*
*
3
263
27
*56
115
215
371
65
58
92
566r
15*
*
*
•*
3
270
2*
**0
117
195
371
59
62
93
536
129
96
2*3
1,615
128
*,563
1
*
1
2
13
189
136
88
235
1,55*
12 7r
*,368r
1
*
1
2
13
176
1**
82
266
l,*28
155
*,2*6
2
*
1
2
12
168
13*
93
257
1,*60
1*9
*,272
1
*
1
2
13
120
220
187
698
235
275
768
190
193
71*r
181
269
777
2 ,32*r
*
*
2
5
1
8
128
190
833
196
269
773
•*
•*
2
5
1
7
122
202
932
175
260
76*
*
*
1
5
1
8
2,383
*
*
2
6
1
7
16
16
2,389
15
2,*55
15
7
2*2
166
*
7
228
162
#
7
216
170
■*
8
192
151
*
8
7
*08
7
390
7
386
8
3*3
8
1,265
28,233
1,165
28,573r
1,220
29,255
1,212
30,510
1,001
366
2,679
222
2,697r
222
2,563
356
2,689
**6
1,631
30,912
1,387
3 1 ,270r
1,**2
31,818
1,568
33,199
1,**7
Asia:
231
158
1,1*5
29*
260
707
*
*
*
6
1
6
168
173
75*
2*3
279
j66r
2,795
17
2 ,383r
Egypt 2/.........................
Other 1/.........................
238
129
#
Total other countries l/...........
367
8
2*6
175
*21
Philippines......................
Other countries:
Total foreign countries l/...........
27,983r
3,1**
31,127*
Note:
l/
2J
2/
8
1,103
391
1,*9*
28,l*8r
2,720
30 ,868r
*
"Gold and short-term dollars" - reported and estimated official gold reserves, and official and private short-term dollar holdings (principally
deposits and U. S. Treasury bills and certificates) reported by banks in
the U. S. "U. S. Government bonds and notes" - estimated official and
private holdings of U. S. Government securities with an original maturity
of more than one year. For 19*5-1955 data, see March 1958 issue.
Excludes gold reserves of U.S.S.R. and other Eastern European countries.
Excludes gold holdings of French Exchange Stabilization Fund.
Includes holdings of Trieste, Yugoslavia, Bank for International
Settlements (including European Payments Union account), gold to
be distributed by Tripartite Commission for Restitution of Monetary Gold, and unpublished gold reserves of certain Western
European countries.
*/ Includes latest available figure (April 30) on gold reserves,
Part of United Arab Republic (Egypt and Syria) since February
1958- Data on Syria are included in "Other Asia."
*
Less than $500,000.
p Preliminary.
r
Revised.
September 1958
75
_______________________ CAPITAL MOVEMENTS________________________
Section IV - Supplementary Data by Countries
Table 4.- Foreign Credit and Debit Balances in Brokerage Accountsi/
(Position at end of period In thousands of dollars)
Credit balances (due to foreigners)
Country
Europe:
Austria..............
Czechoslovakia.....
Denmark.............
Finland.............
France..............
Germany, Federal
Republic of........
Greece..............
Italy...............
Netherlands.........
Norway..............
Poland..............
Portugal............
Spain...............
Sweden..............
Switzerland.........
Turkey..............
U.S.S.R.............
Uhited Kingdom.......
Yugoslavia..........
Other Europe.........
Canada................
Latin America:
Argentina.......... .
Bolivia.............
Brazil..............
Chile...............
Cuba................
Dominican Republic.....
Guatemala...........
Mexico..............
Netherlands W. Indies
and Surinam........
Panama, Republic of....
Uruguay.............
Venezuela...........
Other Latin America....
Total Latin America....
Asia:
China Mainland.......
Hong Kong...........
India...............
Indonesia...........
Iran...............
December
195^
Debit balances (due from foreigners)
December
1955
December
1956
December
1957
June
1958 p
December
1954
24
2,699
213
2
48
1,854
205
10
142
2,205
3
253
91
68
1,261
16
145
2
81
1,722
276
8
6
1,222
306
-
87
1,846
307
-
76
1,582
155
6
185
330
137
-
3,9^2
4,463
3,190
3,825
5,841
2,704
2,983
2,901
2,156
165
907
661
10,143
1,087
262
8
348
244
32
878
4,793
2,072
59
13
350
270
34
532
3,063
1,028
1,244
69
463
337
90
1,302
3,840
347
79
514
2,054
206
159
1,038
2,620
693
134
5
191
382
290
837
434
657
245
35
764
997
83
980
4,151
1,199
1
160
36
832
170
32
617
1,289
586
104
86
614
28,974
4
9,307
22
1,294
60,676
308
23,420
422
8,462
186
26,124
408
7,449
247
28,596
11
13,386
252
42,602
31
8,662
15
843
48,491
3*
766
27
2,915
70,856
10,133
9,914
9,366
119
9,220
2
6,796
507
25,857
13,298
110
9,135
15
7,013
305
26,344
13,236
47,55*
13,634
22
' 1,121
55,970
361
13,252
7
7,541
376
28,659
12,164
1,052
15
1,768
976
909
1,891
352
112
1,560
1,110
93
1,403
456
309
1,172
93
1,915
592
495
1,282
169
1,260
773
428
1,749
37
1,537
974
453
731
3
1,716
499
124
2,359
1,307
135
1,794
2,773
5
163
1,414
3,046
33
91
1,339
4,488
43
304
2,136
5,777
114
2
2,133
683
9
921
1,245
77
6,485
236
1
3,453
562
54
613
883
73
7,090
843
490
2,605
961
3
5,459
2,535
300
693
3,726
210
3
5,038
2,862
524
21,477
1,523
2,688
422
4
5,837
3,454
515
26,164
70
4,606
72
1
1,151
2,606
360
21,319
459
2,641
344
35
5,212
3,775
400
21,488
19,965
40
5,688
74
1,474
2,666
486
23,538
11
1,255
44
98
3
13
1,238
59
37
18
285
1,345
224
59
35
2
1,728
74
45
1
39
134
35
59
44
598
35
35
21
45
37
1,576
98
11
11
21
34
44
5
19
84
2
134
10
64
597
27
1,010
33
984
2
121
82
8
151
51
1,650
14
28
10
21
1
338
1,709
425
4
6,750
2,590
437
20,888
December
1955
December
1956
December
1957
June
1958 p
80
576
193
2,863
383
42
413
2,622
493
1,670
532
395
19
40
436
38
10,819
6
9,684
235
14,004
4
4,905
136
517
26,789
8,882
3
452
29,522
355
74
658
893
58
6,557
8
35
2,072
599
32
880
710
89
6,801
1
35
2,007
234
465
543
11
1,738
*,013
565
17,687
221
2,213
444
1,552
3,420
276
18,836
292
4,736
488
2
1,098
2,753
338
20,861
4,263
22
21
3,145
28
6
13
2,768
39
60
20
5
30
49
6
138
3
45
8
201
1
585
17
52
15
4
438
3,868
3,*13
517
364
115
10^867
8,485
Israel..............
Japan.......... .
Korea, Republic of...
Philippines.........
Taiwan..............
43
1,935
73
28
3
50
112
12
26
Other Asia..........
66
989
Total Asia..........
3,337
2,320
2,162
2,874
3,214
2,214
1,913
4,563
99
59
67
3*7
2,531
80
11
146
409
1,256
92
9
15
58
1,069
107
9
7
173
1,*52
67
5
6
102
1,023
13
9
4l
228
2,241
34
3
196
1,277
29
7
62
738
33
14
96
842
42
2
11
151
421
3,103
-
1,902
1,243
1,748
1,203
2,532
1,510
836
985
627
Intema tional.........
-
-
-
-
-
-
-
-
Grand total...........
101,240
84,165
86,081
91,983
110,803
65,53*
60,297
59,360
62,908
Other countries:
Australia...........
Belgian Congo........
Egypt 2/............
Uhion of South Africa..
Total other countries..
1/ Subsequent to February 1954, data have been collected semiannually, as of
June 30 and December 31, rather than monthly. Previous monthly data may
be found in issues of the "Treasury Bulletin" through May 1954.
66,116
2J Part of United Arab Republic (Egypt and Syria) since February 1958.
Data on Syria are not available separately, but are included in
"Other Asia."
p Preliminary.
Treasury Bulletin
76
____ CUMULATIVE TABLE OF CONTENTS____
October 1957 through September 1958
Issue and page number
1958
1957
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May June
July Aug.
Sept.
II
II
II
II
II
II
II
II
II
II
II
II
A-l
A-l
A-l
A-l
A-l
A-l
A-l
A-l
A-l
A-l
A-l
A-l
Summary of Federal fiscal operations............................
1
1
1
1
1
1
1
1
1
1
1
1
Budget receipts and expenditures:
Receipts by principal sources.................................
Expenditure8 "by agencieB.....................................
Summary of appropriations and authorizations, expenditures,
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
1+
2
1+
Expenditures and balances by functions.........................
b
“k
“ il
”k
"k
” l+
” l+
"b
’*b
k
5
5
6
5
6
6
6
7
8
6
6
7
8
6
6
7
8
6
6
7
8
6
6
7
8
6
6
7
8
6
6
7
8
6
6
7
8
6
6
7
8
7
7
8
9
8
8
9
10
8
8
9
10
9
9
10
11
12
12
9
9
9
10
11
12
12
9
9
9
10
11
12
12
9
10
11
12
13
lb
11+
11
Articles:
Treasury financing operations.................................
Trust account and other transactions:
Summary of trust account and other transactions............... .
Net investment by Government agencies in public debt securities...
Net redemption or sale of obligations of Government agencies in
Uhemployment Trust Fund................... ...................
National Service Life Insurance Fund...........................
Investments of specified trust accounts in public debt securities,
13
13
13
15
Cash income and outgo:
Summary of Federal Government cash transactions with the public...
Summary of cash transactions through Treasurer's account.........
Derivation of Federal receipts from the public, and reconciliation
Derivation of Federal payments to the public, and reconciliation
to cash withdrawals from Treasurer's account...................
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account...
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.............
11
11
11
11
15
15
11
11
16
12
12
16
12
12
16
12
13
18
11+
l6
17
17
12
13
13
12
13
13
16
17
17
12
13
13
12
13
13
16
17
17
12
13
13
13
11+
11+
18
19
19
11+
15
15
ll+
18
li+
Ik
18
11+
ll+
18
11+
15
20
16
19
23
16
17
16
17
20
21
16
17
16
17
20
21
16
17
17
18
22
23
18
19
16
16
17
17
18
20
20
21
21
22
18
18
19
19
20
18
18
19
19
20
22
22
23
23
2k
18
18
19
19
20
18
18
19
19
20
22
22
23
23
21+
18
18
19
19
20
19
19
20
20
21
21+
21+
25
25
26
20
20
21
21
22
20
2k
21
21
25
21
21
25
21
22
27
23
21
23
25
27
22
2k
25
22
2k
25
26
28
29
22
21+
25
22
21+
25
26
28
29
22
21+
25
23
25
26
28
30
31
21+
26
27
2k
28
26
26
30
26
26
30
26
27
32
28
26
30
29
29
33
29
29
33
29
30
35
31
28
32
31
31
35
31
31
35
31
32
37
33
30
30
31
33
3*+
3b
35
37
38
33
33
3b
36
33
33
3*+
36
38
38
39
l+l
1+2
b3
3*+
3*+
35
37
3b
3b
35
37
38
38
39
1+1
1+2
31+
31+
35
37
35
35
36
38
1+0
1+0
l+l
1+3
1+1+
1+5
36
36
37
39
11
11
15
15
12
12
13
13
11
11
15
15
11
11
12
12
17
17
13
13
Debt outstanding:
Treasury holdings of securities iseued by Government agencies.....
Debt operations:
Maturity schedule of interest-bearing public marketable securities
Summary of new money financing through Treasury bills............
Offerings of marketable issues of Treasury bonds, notes, and
Allotments by investor classes on subscriptions for marketable
issues of Treasury bonds, notes, and certificates of indebtedness..
Disposition of matured marketable issues of Treasury bonds, notes,
United States savings bonds:
Sales and redemptions by periods, Series E through K.............
Sales and redemptions by denominations, Series E and H combined...
(Continued on following page)
September 1958
77
nriMULAT-nra TABLE OF noimnypR _
October 1057 through September 1058 - (Continued)
Issue and page number
1957
Oct.
1958
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Ownership of Federal securities:
Distribution by classes of investors and types of issues........
Net market purchases or sales for investment accounts handled by
3*
39
37
37
44
38
38
*3
38
39
46
40
Estimated ownership........................................
3*
35
39
40
37
38
37
38
44
*5
38
39
38
39
43
44
38
39
39
40
46
47
40
41
46
40
41
48
Treasury survey of ownership of Federal securities:
Ownership by banks, Insurance companies, and others...... .......
Ownership by commercial banks classified by membership in Federal
Reserve System (latest date June 30, 1958)....................
Market quotations:
End-of-month closing quotations on Treasury securities by issues...
36
.. .
41
...
39
.. .
39
. . .
44
.. .
40
. . .
45
. . .
40
. . .
42
46
...
40
42
*5
47
*3
45
43
45
50
52
48
50
44
46
*9
51
44
46
45
47
52
54
50
52
*3
44
48
49
46
47
46
47
53
5*
51
52
47
48
52
53
47
48
48
49
55
56
53
54
45
46
47
50
51
52
48
*9
48
*9
55
56
53
54
49
50
54
55
...
49
50
50
51
57
58
55
56
*51
...
53
54
54
55
56
52
53
53
54
55
Average yields of long-term bonds:
Average yields of Treasury and corporate bonds by periods........
Internal revenue collections:
Chart - Internal revenue collections by principal sources........
50
55
...
. ..
...
57
Monetary statistics:
Gold assets and liabilities of tfre Treasury....................
Increment from reduction in weight of gold dollar (latest date
June 30, 1958)............................................
48
49
49
50
51
53
54
54
55
56
...
56
...
57
58
52
53
53
5*
55
50
51
51
52
53
57
58
58
59
60
57
58
58
59
60
60
...
51
52
52
53
54
56
57
57
58
59
. . .
59
•..
60
61
. ..
59
60
60
61
62
59
60
60
61
62
62
.. .
63
64
. . .
Exchange Stabilization Fund (latest date March 31, 1958):
•
61
62
•.
. . .
•
•♦
. . .
.. .
. ..
...
National bank reports:
Earnings, expenses, and dividends for calendar years 1953“57....................
.. .
.. .
. . .
.. .
. . .
57
. . .
. . .
.. .
Capital movements between the Uhited States and foreign countries:
Summary by periods since 1935....................................................................... .
. . . ...................................
52
55
59
60
59
62
66
67
56
59
63
64
61
62
68
65
5*
57
61
62
63
66
70
71
61
64
68
69
55
58
62
63
70
64
65
62
65
69
70
58
61
65
66
71
67
56
59
63
64
65
68
72
73
63
66
70
71
74
72
Purchases and sales of long-term securities by foreigners,
Short-term liabilities and claims reported by nonfinancial concerns
Long-term liabilities and claims reported by banks and bankers..............
Estimated gold and short-term dollar resources of foreign countries
66
63
64
.. .
72
.. .
. . .
67
Foreign credit and debit balances in brokerage accounts.......................... ...
Short-term liabilities, countries and areas not regularly reported.
. . .
71
72
75
. . .
. . .
. . .
68
65
66
.. .
. . .
69
*66
.. .
68
. . .
73
74
75
. . .
Corporations and certain other business-type activities:
Statements of financial condition (latest date March 31, 1958)...
Source and application of funds (latest date December 31, 1957). . . .
. . .
68
*66
86
77
73
91
71
. . .
. . .
. *.
.. .
GPO M 22«6
.. .
@FedFRASER