Full text of Treasury Bulletin : September 1961
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LIBRAR
LIBRARY
^Om 5030
J UN
?,
3 1972
TREASURY DEPARTMENT
TREASURY DEPARTMENT
FISCAL SERVICE. BUREAU Of
ACCOUNTS
OFFICE Of THE COMMISSIONER
WASHINGTON
25. DC.
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS
BONDS
mEAwmvwmmiLEFm
SEPTEMBER -I9BI
UNITED STRTES TRERSURV DEPRRTMENT
OFFICE DF THE
SECRETBRV
The Treasury Bulletin is for sale by the
Superintendent of Documents,
U. S. Government Printing Office, Washington 25, D. C.
Subscription per year 17.00 domestic, $8.75 foreign
Single copy price varies
September 1961
Table of Contents
Page
Treasury financing operations
A-1
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
9
Cash income and outgo
14
Account
20
of.
the Treasurer of the United States
Debt outstanding
22
Statutory debt limitation
27
Public debt operations
28
United States savings bonds
AS
Ovmership of Federal securities
52
Treasury survey of ownership of Federal
securities
54
Market quotations on Treasury securities
62
Average yields of long-term bonds
65
Internal revenue collections
67
Monetary statistics
71
International financial statistics
75
Capital movements
76
Cxnnulative table of contents
89
Note:
Where calculations have been made from unrounded figures,
the details may not check to the totals shown.
II
Treasury Bulletin
Reporting Bases
Data on reoalpte, •zpendltures,
eind
d«bt which
appear in the 'Traaaury Bullatln* ara beaad largely
on tvo Traaaury financial reports, the 'Dally Statement of the United States Treasury' and the *)4onthly
Statement of Receipts and Eipendltures of the United
States OoTemment.'
Certain oonetary statistics are
based at least in part on the 'Circulation Statement
of United States Money.'
Where these statements are
given as sources for IndlTldual tables, they are
cited by nana only.
Their respectlTa reporting
For other data in the
basea are described below.
Bulletin,
information on sources or reporting bases
la glTen in connection with the tablea themselTea.
The monthly statement of receipts and expenditures was first published for February 195'*,
an<l
re-
placed the dally statement as the primary source of
information on budget reaults and other receipt and
expenditure data class If led 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
Included on an accrual basis beginning with figures
for June 1955 and the fiscal year I955. Prior to
that, it was included on a due and payable basis.
The same reporting basis as that in the monthly
statement provides the fiscal year figures for the
Treasury's 'Combined Statement of Receipts, Expenditures and Balances of the United States Oovernment'
and for actual receipts and expenditures in the
•Budget of the United States Government.'
Beginning with the final statement for the
fiscal year i960, the monthly statement reports
totals for net budget recelpte and budget expenditures after dsduotion of certain interfund transactions i^ioh are included
4.n
the detail of both budget
receipts and tudgat e^enditures.
The transactions
deducted consist of interest payments and minor
amounts of certain other payments made by Oovemment
agencies to the Treasury. This reporting change
was made in accordance with the plan stated in the
President's Budget Message of January 18, i960.
It
does not affect the surplus or deficit.
Figures for
on their respaotiva bases from the beginning of the
earlier periods shown in the Treasury Bulletin were
revised to the new reporting basis in the September
fiscal year 1933- ^b announcement of February 17,
I93U, with respect to these reporting changes may be
i960 iesus. The interfund transactions de&ioted
under this procedure do not include paymente to the
found In the April
Treasury by wholly owned Oovemment corporations
for retirement of their capital stock and for disposition of earnings. Theas capital transfers have
been azcluded currently from budget receipta and
l^^**
issue of the Bulletin.
The monthly statement shows all receipts and
expenditures of the Oovemment, Including those made
from cash accounts held outside the United States
Treasury.
The infomation is compiled from reports
by the Treasurer of the United States and by all
other collecting and disbursing agenoiaa, including
budget ezpendlturea beginning July 1, 191*8, and
figures for prior fiscal years back through 1932
were raviaed accordingly at that tlma.
those agencies which maintain checking accounts in
The dally atataaent on the new basis was first
These reports cover tranaaotlons
issued for February 17, 193'*- In ^tie deposits and
withdrawals as shown, no distinction is made as to
commeroial banls.
recorded in the aocounta of the agenclea during the
reporting period.
The net of the transactions as
compiled from theae reports is reconciled in the
monthly statement to changes in the balance in the
Treasurer's account and in cash held outside the
Treasurer's account and changes in the public debt
outstanding.
Receipts of taxes and customs duties ara reported on a oolleotions basis. Other receipts ara
reported partially on a collections basis and pai^
tially on a deposits basis. Expenditures, except
interest on the public debt, are reported on the
basis of ohaoka Issued or cash payments made by
disbursing officere. Transactions of an interfund
the type of accounts (budget, truet,
etc.
).
The da-
posits ara en the basis of certificates of deposit
cleared through the account of the Treasurer of the
United Statea.
Total withdrawals are on the basis
of checks paid or cash disbursements mads out of the
Treasurer's account.
Scae of the withdrawal classi-
fications shown are reported on the basis (t mailed
raporte of eheoks Issued and are adjusted by means
of clearing accounts to the total of checks paid.
Except for relatively minor amounts, noncash Inter-
fund and other intragovemmental transactions are
excluded. The public debt figurea in Che daily
statement also are on a 'clearance' basis, with ths
exception of thoee issuance and retirement transac-
or intragovemmental nature are included on the
tions reported on the basis of telegrsBS from Federsl
eama basis even t^wn^h the actual issuance of checks
Reserve Banks. Noncash debt transaatlens ara
cluded, however.
may not be involved.
Interest on the public debt is
iiw-
I
September 1961
III
Reporting Bases
The dally atatement before February 17, IS^li,
covered not only tranBactlone cleared through the
Treasurer's account but also certain Qovernment
agency transactions which were handled through
cocmerclal bank accounts, and Included noncash inter-
fund 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 dally statement with respect
to debt Issuance, retirement, and amount outstanding.
Receipts and expenditures, however, were classified
by type of account, and the budget results shown In
the dally 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 igW they were
on the basis of checus paid by the Treasurer of the
United States.
Beginning with
19')-7,
expenditures
-
(Continued)
made through the facilities of the
Treasury Department's Division of Disbursement were
on the basis
of checks issued, while certain others,
principally
those of the Department of Defense
and Its predecessor organizations, were on the basis of
checks
paid.
Transactions handled through commercial bank
accounts, consisting of market transactions
in public
debt and guaranteed securities, were as reported
by
Interest on the public debt was Included on a due and payable basis beginning with
November ig^lj and on a checks-paid basis prior to
the agencies.
that time.
The circulation statement reflects transactions through the Treasurer's account which affect
monetary stocks of gold and silver and the amounts
of coin and currency In the money supply of the
country.
It Is Issued later than the
daUy stateand the figures are based on transactions consummated during the reporting period
even through some may not have cleared the Treasurer's account during that period.
ment, however,
)
September 1961
A-l
Treasury Financing Operations
September-October Refunding and Cash Offerings
A refunding of %1 .d billion of two World War
II bond iaeues In advance of their maturities and
plane for subsequent cash offerings for $5 billion
were announced by the Treasury on September 7.
financing program was outlined as follows:
The
Holders of the %K.1 billion of 2-1/2 percent Treasury bonds of March I5, I965-7O
and of the $2.9 billion of 2-1/2 percent
Treasury bonds of I966-7I (both Issued
In \')Kh) were offered In exchange additional amounts of any of the 3-1/2 percent outstanding Treasury bond Issues
maturing In igSO, 1990, and 1998. Subscription books were open from September
11 through 20 for Individuals (defined
for this purpose as natural persons in
their own right ) and from September 11
through 15 for all others.
Treasury cash needs over the next two
months, estimated roughly at $5 billion,
were to be met In three steps by:
$2-1/2 billion, or thereabouts, of tax
anticipation bills to be auctioned
September 20, I961, due June 22, 1962,
for payment on September 27.
(Commercial
banks could make payment through their
tax and loan accounts.
$2 billion,
or thereabouts, of Treasury
notes to mature In the spring of I963,
to be announced near the end of September and to be offered early In October.
$2 billion of one-year Treasury bills to
be auctioned October 10 (without tax and
loan account credit) to replace |l-l/2
billion of outstanding one-year bills
which mature October 16.
Subscriptions to the offerings will be reported
in the October Bulletin.
extending the maturity of their holdings,
as they choose, for additional periods of
roughly 10 to 29 years. In order to equal
the terms of this offering, holders of the
1965-70 and 1966-71 bonds would otherwise
have to reinvest the proceeds of their
bonds on maturity in comparable securities
at interest rates ranging from '+.28 percent to 4.36 percent.
"To the extent that Investors choose
to extend the maturity of their existing
holdings, the Treasury will have accomplished some needed restructuring of Its
outstanding debt, without diverting from
productive purposes in other sectors of
the economy new savings currently flowing into the long-term capital markets....'
And further on the cash offerings,
•Recent increases in projected defense programs have not necessitated any
revision in the Treasury's cash requirements for the months immediately ahead.
Added expenditures will affect the
seasonal cash surplus that normally
occurs toward the end of the fiscal year.
For that reason, the Treasury has reduced the extent of its reliance on a
June tax anticipation bill, in comparison
with the uses made of similar Instruments
The Treasury is schedin recent years.
uling the maturity of part of its borrowings for the spring of I963, when the
return to a balanced budget for the fiscal
year will again assure a seasonal cash
surplus of substantial size."
Advance refunding terms and conditions. -- By
making the conversion, holders of the 2-1/2 percent
bonds obtained somewhat higher yields than could
In comment on the offerings, the announcement
be had by purchasing any of the outstanding 3-1/2
percent bonds in the market at current prices. Also,
pointed out that the two bond Issues eligible for
refunding were held largely by Insurance companies,
for tax purposes exchange of old for new securities
will not be treated as a sale and purchase, thereby
savings banks, and private individuals (many of them
avoiding Immediate recording of book gains or losses
on the securities accepted by the Treasury.
Exten-
original subscribers).
It stated,
"The Treasury Is making it possible
for Investors to gain additional Income by
Treasury bonds eligible for exchange
sion of maturities provided by the offering Is shown
in the accompanying table.
Treasury Bulletin
A-2
Treasury Financing Operations
-
(Continued)
Exchanges were made on the baela of par for
he will reduce the cost basis by the amount of the
par, with payments by and to the Treasury, and with
adjustments of accrued Interest to September I5,
payment and Increase It by the amount of the gain
recognized. If the fair market Talue of the 7-1/2
1961, on the 3-1/2 percent bonds Issued (per $100
percent bonds plus the amount of the payment did
face amount) as Indicated below:
not exceed the cost basis of the 2-1/2 percent bonds,
September 1961
*-3
Treasury Financing Operations
boolcB
plus the amoiint of premium, If any, paid on the
new bonds; or
At the amount at which the eligible bonds
surrendered were carried on their books, reduced by
the amount of discount, If any, received by the subscriber and increased by the amount of gain, If any,
which will be recognized as Indicated for Federal
Income tax purposes, as set forth In an earlier
paragraph under (b).
-
(Continued)
Weekly Bills Increased
New Issues of regular weekly Treasury bills
during August totaled $8.5 billion, refunding the
total of %6.^ billion of bills maturing and provid-
Included In the total
ing $0.1 billion of cash.
amount of bills maturing Is $0.5 billion for the
first five of the "strip" of eighteen Issues which
were sold on June
l"*,
I961.
weekly Intervals from August
These bills mature at
3
through November 30,
1961.
A holder of the outstanding eligible 2-1/2 percent bonds had the option of accepting the Treasury's
exchange offer or of holding the bonds to maturity.
Consequently, he could compare the Interest he would
receive resulting from exchanging with the Interest
that he might obtain by not exchanging and by re-
investing the proceeds at maturity.
The Interest
income before tax for making the extension through
exchange Is the coupon rate on the new Issue.
make the exchange, he will receive only the 2-1/2
percent rate to their maturity and will have to
reinvest at that time at a rate equal to that Indiof the Issue offered,
ft)
r the remaining term
In order to equal the Interest
he would have received by accepting the exoheinge
For example. If the 2-1/2 percent bonds of
offer.
1965-70 were exchanged for the 3-1/2 percent bonds
of 1990, the rate for the entire twenty-eight years
and five months will be 3-1/2 percent.
If the ex-
change was not made, a 2-1/2 percent rate will be
received until March I5, 1970. requiring reinvestment
of the proceeds of the 2-l/2s at that time at a rate
of at least 't.36 percent for the remaining nineteen
years and eleven months, all at compound Interest,
to average out to a 3-1/2 percent rate for twentyeight years and five months.
This minimum reinvest-
ment rate for the extension period Is shown In the
table following,
as are the corresponding rates for
the other Issues Included In the exchange.
except those for August 2k which have 92-day and
lS3-day terms. Average rates of discount on the
new bills were as follows:
If a
holder of the eligible 2-1/2 percent bonds did not
cated In the table following
The five new Issues of 13-week bills for $1.1
billion each totaled I5.5 billion, and those of 26
weeks for $0.6 billion each totaled $3.0 billion.
All the issues have 91-day and lg2-day maturities,
13-week
(Additional amount of bills of
original maturity of 26 weeks)
Treasury BaUetin
A-4
Treasury Financing Operations
-
(Continued)
Over $2-1/2 billion of the more than
affecting possible extension of these bonds will be
$6 billion currently outstanding H bonds will be
announced prior to October I966, at which time
affected by this action.
consideration will be given to the terns and condi-
of maturity.
tions,
Series H savings bonds Issued from June 1952
through January 1957 have a maturity period of nine
years and eight months.
tive June
1,
1959.
The Series H bond, when Introduced In June I952,
Their Interest rate was
originally three percent If held to maturity.
Effec-
the rate was Increased so as to
bring the final yields to maturity up to a range of
3.12 percent to 3.36 percent.
Including interest rates, of any extension
that might then be warranted.
was custom-made to satisfy the needs of Americans
vrtio
wanted a current Income bond which would be free
from market fluctuations and would possess the same
safety features and guaranteed Interest rate as the
popular Series E bond.
There are now close to one
The bonds being extended will mature from
February 1962 through September I966. Other out-
and one-half million H bond accounts and neeirly
160,000 new accounts are opened yearly. Annual H
standing Series H bonds Issued since February 1957
Regulations
bond Bales are about three quarters of a billion
dollars.
will begin maturing In February I967.
Note:
Details of Treasury market financing operations are shouii elsewhere in this issue of the Bulletin in the tables
public debt operations.
01.
.
September i%l
SUMMARy OF FEDEEIAL FISCAL OPERATIONS
(In millions of dollars)
Budget receipts and expenditures
Net
receipts
Expenditures
Surplus,
deficit
(-)
Fiscal years:
1948 5/
1949
1950
1951
Net of
trust
Net
account
and other
transactions
Clearing
account,
etc. 2/
-507
366
483
,994
-2U
1952
41,375
37,663
36,422
47,480
61,287
32,955
39,474
39,544
43,970
65,303
8,419
-1,811
-3,122
3,510
-4,017
-294
-495
99
679
147
1953
1954
1955
1956
1957
64,671
64,420
60,209
67,850
70,562
74,120
67,537
64,389
66,224
68,966
-9,449
-3,117
-4,180
1,626
1,596
435
328
231
-194
195
-250
-303
284
1958
1959
1960
1961p
68,550
67,915
77,763
77,578
71,369
80,342
76,539
81,503
-2,819
-12,427
1,224
-3,925
633
-329
-50
-559
1962 (Est.).. 82,433
87,723
-5,290
^
Calendar years:
1948
1949
1950
1951
1952
40,800
37,464
37,235
52,877
64,705
35,559
41,056
37,657
56,236
70,547
1953
1954
1955
1956
1957
1958
1959
1960
increase in
Treasurer's
account
balance, or
decrease (-
(-)
2/
6/
Levels, end of period
Net
increase
in
public
debt, or
decrease
Treasurer's
account
balance
Debt outstanding
Public
debt
Guaranteed
securities
,135
,883
1,624
-1,462
2,047
1,839
-388
4,932
3,470
5,517
7,357
6,969
252,292
252,770
257,357
255,222
259,105
522
-523
6,966
5,189
3,115
-1,623
-2,224
-2,299
2,096
-551
331
-956
4,670
6,766
6,216
6,546
5,590
266,071
271,260
274,374
272,751
270,527
530
-6
-145
533
5,816
8,363
1,625
2,640
4,159
-4,399
2,654
-1,311
9,749
5,350
8,005
6,694
276,343
284,706
286,331
288,971
478
,587
-401
6/
V
6/
5,241
-3,592
-422
-3,358
-5,842
-229
-502
311
815
-41
199
234
87
-106
-319
-4,100
4,331
-423
2,711
7,973
1,111
471
-447
63,654
60,938
63,119
70,616
71,749
72,811
64,622
65,891
66,838
71,157
-9,157
-3,683
-2,771
3,779
-209
-34
7,777
3,582
2,019
592
101
739
-259
267
1,092
68,262
72,738
79,518
75,349
79,778
77,565
088
040
1,953
-691
23
-698
3,212
5,654
8,463
6,523
6,280
6,334
-3,311
-626
2,129
-290
112
301
-27
-608
396
Oct
Nov
Dec
3,018
5,889
7,339
6,863
6,590
6,601
-3,846
-701
738
-207
496
-183
1960-Jan
Feb
4,867
7,237
9,580
6,157
6,142
6,423
-1,290
5,064
6,550
10,891
6/
6/
1,770
4,208
4,679
4,232
4,295
6,064
252,800
257,130
256,708
259,419
267,391
-1,488
603
-635
-117
179
4,577
5,180
4,545
4,427
4,606
275,158
278,750
280,769
276,628
274,898
282,922
290,798
290,217
62
Total
Federal
securities
Subject to
limitation
i/
252,365
252,798
257,377
255,251
259,151
251,542
252,028
255,652
254,567
258,507
107
266,123
271,341
274,418
272,825
270,534
265,522
270,790
273,915
272,351
270,188
101
111
140
240
276,444
284,817
285,471
289,211
275,013
284,398
285,055
288,862
73
27
20
29
46
52
81
44
74
6/
6/
6/
252,854
257,160
256,731
259,461
267,445
252,057
2.%, 413
255,026
258,794
266,821
104
275,244
278,784
280,822
275,731
275,002
274,671
278,256
280,348
276,276
274,554
109
127
156
283,031
290,925
290,373
282,507
290,513
289,971
55
30
24
42
54
76
34
53
103
376
-21
-4, Ml
224
-1,730
109
-237
154
8,925
7,875
-581
355
622
828
4,961
5,583
6,411
3,976
1,714
-2,100
486
781
399
5,837
6,617
7.017
288,682
290,396
288,296
110
111
116
288,792
290,51*
288,412
288,375
290,091
287,997
-538
-L48
2,957
-664
209
-641
-1,408
615
6,376
4,968
5,583
291,253
290,589
290,798
118
124
127
291,372
290,713
290,925
290,958
290,301
290,513
660
-805
919
287
-501
-3,757
-722
3,157
-379
662
-442
-122
4,862
5,311
5,189
291,085
290,583
286,826
130
135
138
291,215
290,719
285,955
290,804
290,309
286,555
6,032
6,073
6,521
-968
476
4,370
-137
577
-420
249
-416
-421
1,961
579
-3,036
1,105
1,217
494
6,294
7,511
8,005
288,787
289,357
286,331
132
133
140
288,919
289,500
286,471
288,511
289,093
286,065
6,172
6,803
6,793
-3,044
-349
2,188
-95
-567
-124
125
2,008
334
-249
-1,006
-1,104
2,423
6,998
5,894
8,317
288,338
288,672
288,423
134
-521
607
157
Sept ....
3,128
6,454
8,981
161
288,472
288,829
283,584
288,068
288,425
288,181
Oct
Nov
Dec
2,823
6,300
7,643
6,829
6,773
6,847
-4,006
-473
796
80
368
-221
217
-663
-1,645
-841
580
5,672
5,831
6,411
290,487
202
2,063
-73
-197
290,217
159
153
156
290,646
290,567
290,373
290,244
290,155
289,971
1961- Jan
Mar
4,846
6,537
8,524
6,470
6,236
7,012
-1,624
301
1,512
-185
712
-629
408
-58
692
-181
508
-3,072
-1,582
-1,463
-1,498
4,829
6,292
4,794
290,035
290,544
287,471
160
196
211
290,196
290,740
287,682
289,796
290, 340
287,284
Apr
5,125
-1,325
-702
2,801
24
49
29
516
6,467
10,749
6,450
7,169
7,948
25
May
-377
-123
2,158
-1,175
-761
1,128
287,987
290,146
288,971
219
225
1,532
4,034
5,162
6,694
240
288,206
290,371
289,211
288,852
2,982
6,322
-3,340
-129
3,433
-101
6,593
292,404
239
292,643
292,199
Months:
1959- July
Aug
Sept
Mar
Apr
May
June ....
July
Aug
Feb
June p.
July
1,095
455
Source:
Actual figures through the fiscal year 1952 and the calendar year
1953 are from the daily Treasury statement, and thereafter from the
monthly statement of receipts and expenditures of the Government (for
explanation of reporting bases, see page II); estimates are based on
budget messages of the President dated March 24 and March 28,
1961,
the Statement of the Director of the Bureau of the Budget before
the Joint Economic Committee on March 27, 1961, and on the President's
report to the nation of July 25, 1961, on the Berlin crisis, and his
budgetary amendments submitted to the Congress on July 26, 1961. More
detail for data on this page will be found in succeeding tables.
Fiscal year figmes beginning with the September 1960 issue of the
Treasury Bulletin, and calendar year figures beginning with the June
1961 issue exclude certain Interfund transactions from both net budget
receipts and budget expenditures (see pages 11, 2, and 4). Figures
previously published for these series have been revised to the new
reporting basis. The change does not affect the budget surplus or
deficit.
Excess of receipts, or expenditures (-). For detail, see pages 9 -13.
For checks outstanding and telegraphic reports from Federal Reserve
Banks; public debt interest accrued and unpaid beginning ulth June
450
^
V
^
^
p
290,4M
287,809
289,975
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 and list of acts, see section on "Statutory
Debt Limitation" in each issue of the Bulletin. The limitations In
effect during the period covered by this table and the date when eac.^
became effective are as follows: $275 billion, on June 26, 1946; $281
billion, on August 28, 1954; t278 billion, on July 1, 1956; $275
bllUon, on July 1, 1957; $280 billion, on February 26, 1958; $288
billion, on September 2, 1958; $290 billion, on June 30, 1959; $295
billion, on July 1, 1959; and $293 billion, on July 1, 1950. From
July 1, 1961, through June 30, 1952, the limit is $298 billion. Thereafter it will revert to $285 billion.
Transactions of the Foreign Economic Cooperation Trust Fund, established under Section 114 (f ) of the Economic Cooperation Act of
1948 (62 Stat. 150), are consolidated with budget expenditures.
In the President's messages referred to in the source note above,
detailed estimates for these items were not included.
Prelljnlnary.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
(In millions of dollars)
..
.
September 19 b I
.BUDGET RECEIPTS AND EXPENDITURES,
Table 2.- Detail of Miscellaneous Receipts by Major Categories
(In millions of dollars)
Dividends
and other
earnings
Fiscal year
or month
Realization upon
loans and
investments
Recoveries and
refunds
Sale of
Government
property
Sale of
products
Seigniorage
Fees for
permits
and
licenses
Fees and
other
charges
for
services,
Rcyal-
ties
AdjustFines,
ment to
penalties, Other monthly
and forstate1/
feitures
ment
etc.
335
299
458
408
554
361
252
291
628
745
438
674
328
3,158
4,064
4,001
601
967
936
506
1,111
805
325
223
214
69
Oct...
Nov
Dec
212
221
591
1961- Jan...
Feb...
Mar...
Apr
May.
June p
1953
1954
1955
1956
1957
1958
1,865 J/
2,311
2,559
3,006
2,7A9
3,196
1959
1960
1961 p
1962 (Est.
1960.July.
Aug.
Sept
)
.
.
.
.
.
.
.
.
228
240
274
328
199
323
410
471
266
322
266
221
363
480
387
345
587
436
1,007
343
114
179
325
86
75
86
44
32
31
9
8
70
8
6
359
66
44
53
62
286
236
199
73
67
55
37
53
51
41
3
662
292
540
6
11
311
56
61
61
517
102
-10
2%
224
221
253
313
312
304
350
392
374
289
376
27
54
7
12
25
18
50
21
2/
56
73
45
45
67
208
29
23
49
47
49
49
225
194
59
53
44
53
55
54
57
78
160
161
133
111
96
58
83
212
194
28
86
93
325
90
i/
33
17
72
35
5
5
5
4
29
3
22
31
4
19
19
23
20
12
9
22
21
12
25
26
41
24
23
29
61
9
14
10
27
46
38
3
3
20
6
6
15
5
6
6
6
7
11
7
8
11
7
8
11
7
8
50
59
66
13
15
69
79
90
66
20
23
93
96
69
23
16
16
13
22 i/
5
5
5
6
5
8
12
11
,.
reasitry Ballet
Tr
m
.BUDGET RECEIPTS AND EXPENDITURES.
Table 3.- Expenditures by Agencies
(In millions of dollars)
Fiscal year
or Bonth
Legislative
Branch
Judiciary
28
30
37
39
April...
Ifay
806
973
523
570
425
-615
V
382
539
498
7,091
5,419
5,954
942
6,440
29
30
41
48
24
62
485
157
240
28
30
33
39
31
431
601
780
359
408
387
1,152
309
92
2,125
10,987
498
9
10
10
175
155
172
807
362
921
8
12
166
155
130
900
899
908
48
121
836
24
July
Commerce
Department
1,000
1,077
1,293
9,315
9,006 i/
10,278
52
Defense Department
Agriculture
Department
915
636
177
006
875
4,109
1,764 i/
1,795
47
49
U
June p.
6,473
6,791
6,982
7,707 2/
8,305
56
56
70
9
1962 (Est.)..
Itorcta...
Housing
and Home
Finance
Agency
U
118
126
134
1961-Jenuary.
February
General
Services
Administration
Independent
offices
5,282
4,381
4,473
4,115
4,081
97
99
1959
1960
1961 p
Funds
appropriated
to the
President
9
10
10
59
65
85
1954
1955
1956
1957
1958
Executive
Office
of the
President
129
39
-23
199
Military
40,336
35,532
35,791
38,439
39,062
605
548
573
639
733
498
41,233
42,824
44,651
807
902
971
633
48,340
-25
49
3,497
3,550
4,043
73
65
65
3,526
3,891
4,342
117
3,205
64
562
645
i/
35
54
46
30
520
Treasury Department
Fiscal year
or month
Health,
Education,
and
Welfare
Department
Interior
Department
1956
1957
1958
1,981
1,993
2,071
2,295
2,645
1959
1960
1961 p
3,092
3,403
3,685
690
1962 (Est.).
1954
1955
535
515
512
572
Justice
Department
Labor
Department
183
182
355
394
216
412
418
567
2M
Post
Office
Department
^
State
Department
Interest
On
public
debt
V
312
156
356
463
518
674
774
525
136
142
179
206
6,382
6,370
6,787
7,244
7,607
83
62
929
272
247
253
7,593
9,180
8,962
69
76
83
83
666
229
751
801
250
258
284
4,798
906
296
7U
63
351
8,600
1961-January,
February
Ikreh...
338
326
60
23
22
23
775
69
29
96
82
3
315
58
49
69
54
65
April...
308
306
338
55
23
24
23
-lU
333
138
82
135
23
50
7
•fcy
June p
July
Source:
.
325
60
67
1,016
549
831 li/
UO
On
refunds
of taxes
21
15
15
21
Actual flgurea are from the monthly statement of receipts and expenditures of the GovemDent (for explanation of reporting bases, see
page II); estimates are based on budget messages of the President dated
March 24, and March 28, 1961, the Statenent of the Director of the Bureau
of the Budget before the Joint Economic Coomlttee on March 27, 1961,
and on the President's report to the nation of July 25, 1%1, on the
Berlin crisis, and his budgetary amendments siibmitted to the Congress
on July 26, 1%1.
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 coqparable over a period of time. For expenditures
by functiona on a conaistant basis, see Table 6. Agency shifts are
reflected in this table as follows:
Beginning 1955, Federal Ikme
Loan Bank Board from "Housing and Home Finance Agency" to "Independent
offices," and Reconstruction Finance Corporation as Indicated In
footnote 1; beginning 1957, Alaska Road Construction from "Intarlor
Department" to "Coo»erce Department," and Federal intermediate credit
banks and production credit corporations as Indicated in footnote
2;
beginning 1958, Federal Facilities Corporation (remaining functions)
from "Treasury Department" to"Oeneral Services Administration," and
Informational Media Quaranty Fund from "Tunds appropriated to the
President" to "Independent off ices"; beginning 1959, Federal Civil
Defense Adminlrtraticn from "Independent offices" to "Executive
Office of the President," and the .'ormer Civil Aeronautics
Administration and the Civil Aeronautica Board frco "Ccimierce
54
57
74
Less:
District
of
Columbia
2/
Civil
functions
Total by
agencies
Interfvmd
transactions
s/
67
74
Total
budget
expenditures
2/
September I9bl
BUDGET RECEIPTS AND EXPENDITURES
.
Table 4.- Interfund Transactions Excluded from Both Net Bud^^t Receipts and Budget Expenditures
(In millions of dollars)
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
,
Table 5.- Suimary oT Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of July 31, 1961
(In nllllona of dollars; negative figures are deductions in the columnB in which they appear)
Additions, fiscal year 1962 to date
Agency
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Independent offices
Genera I Services Administration
Housing and Hooe Finance Agency
Agriculture Department
Co^Derce Department
Defense Department:
Military functions
Military assistance
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Poet Office Department
State Department
Treasury Department
District of Columbia - Federal contribution and loans
Unclassified expenditure transfers
Total
Unexpended
balances
brought forward
July 1, 1961
Preliminary
1/ 2/
Increase 2/
Appropr lat ions
U3
50
as
12,697
5,185
812
28,711
2,606
Total budget expenditures
375
69
344
726
-20
309
2,036
42
347
5,303
106
35
36
211
175
150
830
234
4M
830
198
39
51
51
240
lU
89
63
78
8,752
28
89
63
78
8,752
28
78,267
17,068
318
134
6,336
Rescissions,
cancellations,
and other
adjustments 8/
12
4
6
121
836
24
107
520
66
31
42
2
,179
36
155
18,843
Unexpended balances Jul^ 31, 1961 (Prelimlnsry)
Unused authorUndisbursed
izations to
appropriaexpend from
tions
debt receipts
Unfunded
contract
authorizations
Investments
held
325
66
326
10,171
188
553
8,197
5,774
3,573
845
U3
300
UO
2,037
490
68
279
23
50
7
80
8,277
20
U9
114
9
62
3,968
15,533
434
12,895
9,966
853
25,742
2,754
462
»
2,037
612
68
279
374
132
1
121
374
132
80
846
Total 2/
2/
79
9
62
3,642
4,621
434
280
4,112
25,742
2,754
452
27
64
U,241
5,965
119
-2 iS/
6,381
75
54,406
30,743
4,107
1,398
90,654
59
6,322
Source:
Bureau of Accoxjnts.
Details for the current fiscal year to date
are ahown In Bureau of Accounta report "Budgetary Appropriations and
Other Authorizations, Expenditures and Unexpended Balances".
These preliminary balances shown as of July 1, 1%1, 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 1961. Among the areas
subject to later adjustment are the following: certain overseas
tranaactions not yet included; the write-offs or withdrawals of
obligated balancea no longer available, since agency reports
covering these transactions are not required by law to be sub-
V
550
211
175
150
1,532
Expenditures
Deduct interest and other payments by QovemDent agencies to
Treasury included above which are also Included in budget
receipts
12
9
18
309
1,417
42
23
4,542
70
3,,781
U,,363
Agency
Total
2/
12
9
18
Deductions, fiscal
year 1962 to date
Legialative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Independent offices
General Services Administration
HouBing and Hone Finance Agency
Agriculture Department
Comiierce Department
Defense Department:
Military functions
Military assistance
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
JuBt ice 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 Govenment
Transfers,
borrowings,
investments
Other
authorizations
Authorizations
to expend from
debt receipts
mltted until September 30 (the write-offs in the fiscal year 1%0
amounted to $669 million); certain Indefinite appropriations 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) restorations and reappropriations,
which may require adjustment on the basis of final reports from the
agencies.
Includes same categories as shown at end of current period.
2/ Although not expended, a substantial portion of these amounts l8
obligated for outstanding purchase orders and contracts for equipment
and supplies, for payrolls, and for similar Items.
Reoelnlng footnotes on page 8.
.
September 1961
-BUDGET RECEIPTS AND EXPENDITUEES
Table 6.- Expenditures and Balances by Functions
(Fiscal years; in millions of dollars)
1962 through July
Function
code
number
1958
1961 p
Expenditures
Unexpended
balances end
of period
1/
Major national security :
Military defense (military functions)
Military assistance
Development and control of atomic energy
Stockpiling and defense production expansion
061
062
066
067
Total major national security
International affairs and finance:
Conduct of foreign affairs
Economic and financial assistance 2/
Foreign information and exchange activities
151
152
153
Total International affairs and finance
38,439
2,352
1,990
490
39,062
625
43,270
44, U2
157
1,683
133
173
1,910
149
1,973
2,231
774
126
2,870
47
801
175
699
168
3,104
43
856
156
4,793
400
1,558
469
292
71
2,187
2,268
312
41,215
1,609
2,623
180
43,218
1,446
2,716
23
3,179
27
232
15
25,742
2,754
1,631
179
46,426
45,627
47,402
3,453
30,305
237
219
1,477
137
217
1,926
158
74
3,403
139
137
12
51
13,995
131
3,780
1,833
2,302
223
U,187
574
383
136
3,368
41,233
2,340
2,541
Veterans' services and benefits:
Veterans' education and training j/
Other veterans readjustment benef Its
Veterans' compensation and pensions
Veterans' insurance and servicemen's Indemnities
Veterans' hospitals and medical care
Other veterans' services and administration
^
'
101
102
103
104
105
106
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 museuma 6/,
Correctional and penal institutions
Other welfare services and administration 2/
^
211
212
213
2U
215
216
217
Total labor and welfare
Agriculture and agricultural resources:
Stabilization of farm prices and farm income 2/
Financing farm ownership and operation 8/
Financing rural electrification and mral telephones
Conservation and development of agricultural land and
water resources 2/
Research, and other agricultural services 2/
351
352
353
354
355
Total agriculture and agricultural resources
Natural resources:
Conservation and
Conservation and
Conservation and
Conservation and
Recreational use
General resource
development of land and water resources..
development of forest resources
development of mineral resources
development of fish and wildlife
of nature 1 resources
surveys and administration
Total natural resources
Commerce, housing, and space technology:
Promotion of water transportation
Provision of highways
Promotion of aviation
Space exploration and flight technology
Posta 1 service
Community development and facilities
Public housing programs
Other aids to housing 11/
Other aids to business 12/
Regulation of conmerce and finance
Civil and defense mobilization
Disaster insurance , loans , and relief 13/
510
511
512
513
514
515
516
517
518
519
520
521
Total commerce, housing, and space technology
General government:
Legislative functions
Judicial functions
Executive direction and management
Central fiscal operations
General property and records management
Central personnel management and employment costs M/
Civilian weather services
Protective services and alien control
Territories and possessions, and the District of Columbia,
Other general government
Total general government
Footnotes at end of table.
10
304
33
40
341
121
311
35
33
921
193
961
179
5,026
5,174
5,060
5,262
844
1,969
704
411
2,061
818
468
119
39
279
569
211
46
302
671
2,170
939
559
243
49
232
47
206
68
39
16
201
458
1,797
546
319
72
34
221
16
242
26
191
3,022
3,447
4,421
4,419
4,863
398
2,745
3,430
227 2/
3,151
239
297
5,126
250
315
3,278
246
330
3,772
349
301
332
14
6,301
1,006
1,294
448
255
547
291
692
293
727
323
28
788
434
4,389
6,529
4,838
5,473
486
9,824
925
163
62
1,138
174
1,235
60
69
1,546
143
21
86
136
43
65
68
74
51
1,396
331
62
73
91
56
111
21
51
59
38
1,183
201
71
68
86
60
1,297
1,544
1,669
1,713
2,008
153
1,944
392
72
4
57
8
95
58
46
-1
566
36
716
744
929
164
150
303
139
67
58
7
479
115
746
652
374
5,632
1,487
8,563
3,612
13
310
19
2,109
3,421
2,782
3,881
318
22,001
88
44
102
109
49
12
558
367
211
118
10
52
4
99
9
32
267
374
227
59
365
40
219
76
518
49
60
-60
59
45
65
21
10/
1,455 12/
601
602
603
604
605
606
607
608
609
610
406
»
3,621
25
1,029
180
4,525 2/
401
402
403
404
405
409
177
3,275
90
40
9
476
194
627
38
187
77
220
436
508
31
30
315
89
674
78
51
494
145
774
108
97
1,085
139
38
568
401
525
228
115
49
66
21
58
46
47
10
12
502
51
20
566
291
205
46
216
89
30
1,790
1,359
1,606
239
140
39
199
75
(Continued on following page)
130
134
279
54
217
91
28
1,695
13
611
370
311
56
240
123
2
83
13
47
893
5
29
84
2
5
7
6
68
7
M
28
61
-1
5
5
259
279
1,332
417
12
1
3
49
23
19
U9
395
39
36
2
21
43
160
25
1,931
157
913
5
19
24
Treasury Bulletin
.BUDGET EECEIPTS AND EXPENDITURES.
Table 6,
Expenditures and Balances by Functions
(Fiscal years; In millions of dollars)
-
(Continued)
.
,
.,.,
)
'
September 1961
.TRUST ACCOUNT AND OTHEF TRANSACTIONS.
Table 1.- Summary of Trust Account and Other Transactions
(In millions of dollars)
Fiscal year
or month
195A
1955
1956
1957
1958
328
231
-194
195
633
1959
1960
1961 p
-329
-50
-559
1962 (Est.
Trust and deposit fund accounts
Net receipts, or
expenditures (- )
from trust account
and other transactions
Excess of
receipts, or
expenditures
-185
1961-January.
February
March.
April.
.
.
.
.
U,359
16,319
-1,511
-359
610
16,950
20,534
23,792
-1,014
25,131
24
49
29
-686
1,544
655
1,539
3,577
2,975
-66
-871
1,002
.
Actual figures are from the monthly statement of receipts and
expenditures of the Govemment (for explanation of reporting bases,
see page II); estimates are based on budget messages of the President
dated March 24 and March 28, 1961, the Statement of the Director
of the Bureau of the Budget before the Joint Economic Committee on
March 27, 1961, and on the President's report to the nation of July
25, 1961, on the Berlin crisis, and his budgetary amendments submitted
to the Congress on July 26, 1961.
Certain intertrust fund transactions are excluded from both receipts
and expenditures beginning with the July 1961 issue of the Bulletin.
For detail see Table 6.
1/
Net sale, or redemption
(-), of securities of
Government agencies In
securities
the market
-2,054
-1,362 2/
-2,617
-2,300
-197
18,461
20,893 i/
23,182
V
-4
602 2/
y
173
1,085
567
-436
71
1,023
-733
868
65
-423
-87
1,112
-7U
26, U5
858 i/
2,684
1,939
Source:
Net sale, or Investment
(-), by Government
agencies in public debt
6,751
8,530 2/
9,423
12,950
16,057
11,673
-1,080
638
-119
712
July
9,137
9,521
-629
May
June p
(-
2,386
991 2/
2,250
1,409
262
)..,
Net
expenditures
Net
receipts
1,938
2,046
2,059
V
V
-132
-86
29
-1,409
-655
780
1,873
i^
S
842
2,225 i/
2,033
2,320
2/
27
Effective July 1, 1955, security transactions of CJovemment-sponsored
enterprises are included In deposit fund account expenditures (net)
and excluded from net Investment by Government agencies in public debt
securities (see Table ^) and from net redemption or sale of obligations
of Government agencies In the market (see Table 5). Figxires for 1955
have been revised to the new classification basis.
Includes guaranteed securities beginning 1955 (see Table A).
Adjusted for reclassification of certain repayments of advances from
the general fund.
In the President's messages referred to In the source note above, dePreliminary.
tailed estimates for these items were not Included, p
Table 2.- Trust Account Receipts
(In millions of dollars)
Fed. Dis-
Fiscal year
or month
1954
1955
1956
FOASI
Trust
Fund
June p.
July
.
4,060
720
15
81
50
126
544
76
17
290 i/
867
471
1,136
1,176
290
1,489
1,190
22
135
113
684
1,972
1,273
63
173
136
479
287
25
14
1961-Januflry.
February,
Government
Life
Insurance Fund
78
78
73
69
12,299
339
National
Service
Life Insurance
Fund
619
590
649
608
640
634
643
669
1,997
2,703
3,804
1962 (Est.)..,
April...,
Accoxint
Unemployment
Trust
Fund
943
938
1,071
1,093
1957
1958
1959
1960
1961 p
May
Ins.
Trust
Fund
Railroad
Retirement
737
700
739
723
695
758
1,403
1,051
5,080
5,586
7,003
7,159
7,900
8,182
10,439
11,910
March
ability
82
1,492
1,425
1,728
1,912
1,855
207
y
Federal
employees
retirement
funds
Highway
Trust
Fund
63
61
58
691
708
1,025
1,397
1,458
1,741
1,766
2,033
1,482
2,134
2,185
2,644 i/
2,925
53
1,960
3,305
47
3
42
2
2
161
128
173
162 i/
235
213
124
153
418
201
237
240
123
253
47
67
39
42
2
2
217
39
41
Source:
See Table 1.
1/ Includes principally District of Columbia receipts from taxes and from
Federal contributions, loans, and --ants; Funds appropriated to the
President - mutual security trust funds; Indian tribal funds; increment resulting from reduction in the weight of the gold dollar; and
the Railroad Unemployment Insurance Administration Fund for the period
1954 through November 1958; for treatment after November 1958, see Table
10, published quarterly.
2/ For content see Table 6. These transactions are Included In the detail
of both trust receipts and trust expenditures, but are deducted from
the totals.
y
Other
trust
accounts
1/
457
449
467
681
638
Total
trust
account
receipts
Less:
Intertrust
fund
transactions
^
Net
trust
account
receipts
585
711
763
16,329
17,084
21,442 i/
2^,307
135
908
515
9,137
9,521
11,673
14,359
16,319
16,950
20,534
23,792
960
25,669
538
25,131
51
50
81
2 ,705
19
20
1 ,945
5
858
2,684
1,939
11
15
352
1,539
3,577
2,975
129
63
55
9,155
9,536
11,685
U,369
878 i/
1 ,549
3 ,592
3 ,327
1,014
i/
18
16
12
10
11
1,002
Excludes certain intertrust fund transactions consisting mainly of
financial Interchanges between trust funds resulting in receipts and
expenditures (see footnote 2).
Revised, see Table 1, footnote 4.
Beginning with the fiscal year 1961, tax receipts xmder the Federal
Unemployment Tax Act are transferred currently to a newly established
administration account in the Unemployment Trust Fund, and administrative expenses of the employment security program and reimbursement
for tax refunds are paid directly frcsD that account, pursuant to the
Baployment Security Act of 1960, approved September 13, 1%0 (74
Stat. 970); see "Budget Receipts and Expenditures," Table 1,
footnote 12.
Preliminary.
p
..
,
.
Treasury Bulletin
10
.TOUST ACCOUNT AND OTHHR TRANSACTIONS.
Table 3.- Trust and Dep>06lt Fund Account ExF>end turee
i
(In millions of dollars; negative figures are excess of credits)
Trust accounts, etc.
Fiscal year
or B)onth
195-;
3,405
1955
1956
4,487
Railroad
Ret ireoent
Account
1,745
1,965
1,393
1,644
181
371
571
756
778
1,136
1,124
3,054
2,736
4 736
13,789
992
1,128
4,247
947
1,049
987
62
72
100
103
87
448
426
68
1,000
71
94
1,J4^
79
1959
1960
1961 p
9,454
11,152
11,839
1962 (Est.)..
1961-Janu8ry.
February
Uarch...
1957
1958
April
1
.
July
995
etc. - (Cont.
Other
trust
accounts,
Total
trust
accounts,
etc. 4/
etc.
495
483
425
565 2/
915 2/
7,327
8,489
9,197
12,743
16,159
1959
1960
1961 p
672 2/
695
18,605
21,903 2/
23,570
1962 (Eat.)..
888
26,639
I961-J8nuary.
February
March.
52
51
7U
April...
May
June p.
July
'J
U7
87
411
430
507
86
591
120
699
966
1,602
80
792
896
955
2,709
3,049 2/
2,746
709
50
83
149
128
60
62
6
80
Financing by
Treasury
-93
-94
41
3
-42
42
-16
3,218
U
80
9
73
183 2/
194
174
24
13
-13
585
7j
14
80
80
83
239
-7
10
94
249
Ul
32
85
232
-18
38
Redemption of
agency
obligations
In the market
Other
expendi.
tures
-437
99
170
-269
548
39
-872
-86
334
39
460
167
-620
-70
239
435
-1,222
-723
-196
l.ZTJ
10/
384
169
135
72
2,188 2/
1,976
2,573
-73
150
-99
-129
-208
-219
1,929
-33
-41
-233
12/
536
141
185
Other
operations
9
206
929
102
176
946
-69
760
85
Investment in
public debt
securities
2,037
2,042
83
94
Federal National
Mortgage Assoc. 1/
40
Government-sponsored enterprises
10/
84
1,094
504
See Table 1,
Secondary market operations, as provided In the Housing Act of 1954,
approved August 2, 1954 (12 U.S.C. 1719). Funds provided by the
Treasury (-), or repeld to the Treasury, are shown In a separate
colunn (end correspondingly are reflected net In budget expenditures).
See Table 1, footnote 4.
See Table 2, footnote 5.
Includes principally District of Columbia operating expenditures; Funds
appropriated to the President - mutual security trust funds; Indian
tribal funds; expenditures chargeable against Increment on gold;
and
trust enterprise funds (net). The Railroad Unemployment
Insurance
Administration Fund is included for the period 1954 through November
1958 (see Table 10, published quarterly), the Employees' Life Insurance
Fund (not) from Its establishment In August 1954, and the Einployees'
Health Benefits Fund (net) beginning 1%1.
For content see Table 6. These transactions are Included In the
detail
Source:
1/
87
1,952 2/
ret irement
funds
Highway
Trust
Fund
512
515
544
562
582
y
Federal
employees'
623
538
Deposit fund accounts (net)
)
1954
1955
1956
1957
1958
.
3,U8
Government
Life
Insurance
Fund
770 2/
Trust account
Fiscal year
or month
National
Service Life
Insurance
Fund
07
,
June p.
Unemployment
Trust
Fund
502
585
611
682
730
5,551
6,723
8,116
liay
Federal
Dissbillty
Insurance
Trust Fund
Federal Old-Age
and Survivors
Insurance Trust
Fund
11
2
-50
-83
-151
-85
September 1961
XI
.TRUST ACCOUNT AND OTHHl TRANSACTIONS.
Table 4.- Net Investment by Government AgencleB In Public Debt Securities
{In millions ol dollars; negative figures are excess of sales)
.
Treasury Bulletin
12
TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 5.- Net Redemption or Sale of Obllgatlona of Government Agencies In the Market
(In millions of dollars; negative figures are excess of aalea)
Securities not guarantead by the United States
Securities guaranteed by the United States
Public enterprise funds
Fiacal year
or aonth
Total
guaranteed
-10
-29
-100
-10
-28
-81
87
-5
-36
-15
-5
-36
-15
-8
-6
-15
-8
-6
-15
1959
1960
1961 p
)
.
March
July
Hone
Owners'
Loan
Corporation
D.
C.
Total not
guaranteed
stadluis
fund
33
132
86
.
.
-29
-2i
44
-1,052
-573
-61
-994
833
-61
-994
833
-U4
-19
Total
public
and trust
enterprise
funds
-639
-144
-1,052
-573
-639 i/
i/.
1961- January.
February.
April
May
June p.
tratlon
-71
-1,023
733
-602 1/
-173
-1,085
-567
(Eat.
Adjnlnis-
-30
37
-30
-33
6
1956
1957
1958
1962
Federal
Housing
-29
37
-30
-33
6
1954
i955
Federal
Farm
Mortgage
Corporation
Trust
enterprise
fund
-23
-26
-
.
September 196/
13
THJST ACCOUNT AND OTHER TRANSACTIONS
Table 6,- Intertrust Fund Transactions Excluded from Both
Net Trust Account Receipts and Net Trust Account Expenditures
(In mllllcms of dollars)
Fiscal year
or month
Federal
Old- Age and
Survivors
Insurance
Trust Fund l/
1954
1955
1956
1957
1958
Federal Disability
Insurance
Trust
Fund 1/ 2/
Railroad
Ret Irement
Account
1/
2/
Unemployment
Trust
Fund
V
1962 (Est.)...
318
1961-January.
February.
March.
.
.
June p.
,
2
3
3
3
9
18
16
12
10
11
86
10
10
July
211
132
135
908
32
12
515
98
538
2
3
10
13
332
Columbia b/
7
17
20
April
May
of
12
5
124
600
332
V
District
10
2
1959
1960
1961 p
Federal
employees'
retirement
funds
13
Treasury Bulletin
Ik
CASH INCOME AMD OUTGO
The cash Income and outgo data appearing In the
beginning with the February I956
Treasury Bulletin,
leeue, are on a basla consistent with receipts froD and
payments to the public as derived In the I957 and sub-
Major Intragovemmental transactions which are reported as
both expenditures and receipts are eliminated from both.
sequent Budgets of the United States, Special Analysis A.
Reconciliation to cash deposits and withdrawals In the
from ejtpendltures but are added later when actual payments
account of the Treasurer of the United States Is shown on
There le also
the same basis as In the Budget documents.
shown the amount of net cash borrowing from, or repayment of
(mostly seigniorage on silver) are excluded as not
representing cash received from the public. Federal cash
borrowing from the public Includes net borrowing by the
borrowing to, the public.
By these arrangenents, data In
accordance with the Budget classifications are made availFigures for back years have been
able month by month.
Treasury through public debt transactions and also net
borrowing by Oovemment agencies and Oovernment-sponsored
enterprises through sales of their own securities.
revised where necessary In order to make them as nearly
It excludes changes In the public debt which do not rep-
comparable with current Budget classifications as availFor this reason certain of the
able data will permit.
figures differ somewhat from those published In earlier
resent direct cash borrowing from the public.
The net
effect of all these transactions with the public is
reflected in changes In the balance in the Treasurer's
Budget documents as well as In the Bulletin.
account and in cash held outside the Treasury.
Noncash Items which represent accrued obligations of the
Government to make payments In the future are also eliminated
are mace.
Receipts from the exercise of monetary authority
The Budget series of cash transactions is designed
Cash transactions through the Treasurer's account are
to provide Information on the flow of money between the
public and the Federal Oovernment as a whole, and therefore
similar in general concept to those Included in the Budget
Includes transactions not cleared through the Treasurer's
Receipts and payments include transactions both
account.
affect the balance in that account.
in budget accounts and in trust and deposit fund accounts.
Operations of Oovernment-sponsored enterprises are included
in payments on a net basis as reflected in Treasury reports.
series, but are limited in coverage to transactions whi«h
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.
15
September 1961
,
CASH INCCME AND OUTGO
,
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
Treasury Bulletin
16
CASH INCOME AMD OUTGO
Table 3.- Derivation of Federal Government Receipts from the Public, and Reconciliation to
Cash DepoBlte In the Account of the Treasurer of the United States
(In millions of dollars)
...
September 1961
n
CASH INCCME 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
trust fund
expenditures
Trust fund receipts which are
also budget expenditures
Budget receipts
which are also
Govemmentsponsored
enterprise
expenditures
2/
68
102
104
221
1,188
1,173
1,207
1,318
1,342
239
261
298
1,315
1,327
1,404
1962 (Est.)..,
339
1961-January.
February
March.
1954
1955
1956
1957
1958
81
1959
1%0
1%1
p
.
April.
.
May
Interest
on uninvested
trust
funds
Interest on
Investment in
public debt
securities
1,858
1,865
2,412
2,767
2,917
167
166
521
695
681
430
439
574
644
662
846
819 6/
1,615
3,161
3,167
4,170
1,420
795
1,613
4,181
6
146
6
6
33
22
79
60
84
25 6/
63
88
116
303
203
4
42
28
848
60
71
86
258 6/
195
411
364
305
,353
61
120
10
9
9
10
10
July
See Table
Other
746
747
841
June p.
Source:
Total
Payroll
deductions for
employees'
retirement 2/
Footnotes follow lable
1.
7.
Table 6.- Accrued Interest and Other Noncash Expenditures Excluded from Payments
(In millions of dollars)
Noncash expenditures Involving issuance
Net accrued
interest on
Fiscal year
or month
1954
1955
1956
1957
1958
1959
1960
1%1
p
1962 (Est.)..
1961-January.
February
March.
April.
V
Armed Forces
leave bonds 2/
68
-U
26
-15
234
91
-8
-7
-6
801
341
222
87
231
442
S/
8/
13
W9
35
-62
3
335
49
4
-367
113
150
-241
See Table 1.
Adjusted
service
bonds
524
.
July
Special notes to -
497
456
388
254
.
June p.
of public debt securities 2/
^
-352
299
May
Source:
savings bonds
and Treasury
bills
Clearing
account for
public debt
interest 2/
8/
International
Monetary Fund
^
International
Development
Association
Clearing
account
for
checks
outstanding,
Total
etc. 2/
-115
-55
335
-753
579
572
615
943
-811
-4
109
156
175
-674
-450
-2
-2
-1
1,361
259
258
-116
-380
2,131
4^9
7
985
8/
314
8/
58
8/
8/
38
13
-53
470
273
295
281
464
-23
556
-130
-136
-329
221
-507
-213
229
Footnotes follow Table
7.
..
.
.
.
Treasury Bulletin
18
CASH INCCME AND OUTGO
Net Caeh Debt Traneactlone v,lth the Public,
Table 7.- Derivation of Federal Governn^nt
Traneactlone through the Account of the
and Reconciliation to Net Cash Debt
Treasurer of the United States
borrovlDg (-); IJ millions of dollars)
(Net borrowtoe, or repayment of
Change In
Governmentsponsored
enterprises
Public and
trust enterprise funds
Trust funds
Public
enterprise
funds
Governmentsponsored
enterprises
41
461
-1,215
551
288
102
166
148
-68
236
435
10,837
2,418
1,233
-169
-135
-72
-866
-78
403
-1
13
384
20
-20
161
447
-3,633
-848
1,396
670
-73
150
-99
-1,483
-827
-83
4,362
602
173
1,085
567
269
-167
1959...
1960. .
1961 p.
8,363
1,625
2,640
71
1,023
-733
1,222
723
196
-181
508
-3,072
27
872
S6
446 1/
171
549
-77
126
101
1,686 1/
1,236
2,516 2/
2,262
105
y.
1961- January..
February.
Uarch
8
-87
-132
-86
June p.
516
2,158
-1,175
29
129
208
219
July...
3,433
24
41
April..
Ifay
Issuance of public debt securities representing expenditures, or refunds of receipts
^
Net
Fiscal year
or month
accrued
Intereat
on
savings
bonds and
Treasury
bills
V
1954.
1955.
1956.
1957.
1958.
1959...
1960. .
1961 p.
5
13
-15
Deductions for noncash and other transactions
Leas:
Special notes to
Adjusted
service
„. .„-
"""^"^
Armed
Forces
leave
bonds
^
International
Monetary
Fund 6/
International
Development
Association
^
Excess
profits
tax
refund
bonds 2/
Total
deductions
Equals:
Net cash
borrowing
from the
public , or
repayment
(-)
1,428
721
in
Equals:
Net cash
borrowing
through
the
the
Treasurer's
account $/
Treasurer's
account, or
repayment (-)
2,255
Less:
Transactions
not
reflected
524
-U
497
456
388
254
-8
-7
-6
-4
109
156
175
-674
-450
618
644
623
-292
-200
2,512
1,809
-4,366
-3,100
5,760
256
230
399
549
506
801
341
222
-2
-2
-1
1,361
259
258
2,160
597
536
8,678
1,821
697
646
520
621
42
119
412
-3,609
49
-24
1,412
725
-1,486
100
3
195
4,167
58
1962 (Est.) j/.
1961-January.
February.
Uarch
April..
13
June p.
.
34
35
-62
38
3
13
-53
49
Uay
July.
securities
held by the
public , or
decrease (-)
36
91
-U
1962 (Est.)
Equals:
Increase in
3,130
2,454
-3,743
-3,392
5,560
5,189
3,115
-1,623
-2,22«
5,816
11
195« ...
1955...
1956...
1957.
1958...
.
Net Investment In Federal
securities by Government agencies
Less:
Net sale of obligations
Plus:
of Government enterprises In
the market
Public debt
Increase, or
decrease (-)
Fiscal year
or month
_
pubUc debt and agency obligations held by the pubUc
4
59
75
38
176
.
September 1961
19
CASH INCOME AND OUTGO
Footnotes to Table 3
1/
2/
j/
All prevlo\isly published figures were revised In the September 1%0 Bulletin
to take account of the deduction of certain Interfimd transactions from both
net budget receipts and budget expenditures; and also in the July 1961 issue,
deductions for certain intertrust fund transactions from both trust account
receipts and trust account expenditures {see pp. 2, ^, 9, and 10). Formerly
such transactions were Included in the Intragovemmental transactions which
were deducted in deriving receipts from and payments to the public.
Treated as noncash refund deductions from receipts when issued and as cash
refund deductions when redeemed.
Consists of seigniorage and the Increment resulting from reduction in the
4/
^
»
weight of the gold dollar; excluded from receipts from the public but included in cash deposits in the Treasurer's account.
Figures in this column differ from those published prior to
the September I960 Treasury Bulletin because a few additional
items of budget receipts which are also budget expenditures
are included in the Interfund transactions deducted from budget
receipts and budget expenditures (see footnote l).
Adjusted for reclassification of certain repayments of advances
from the general fund.
Less than $500,000.
Preliminary.
Footnotes to Table 4
1/
2/
See Table 3, footnote 1.
Net operating expenditures, or receipts (-), as measured by funds provided
by or applied to net security transactiors 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 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
2/
ij
i/
6/
p
receipts from operations are shown in terms of the combined net
of investment In Federal securities and redemption of agency
obligations in the market.
See Table 3, footnote A.
See Table 7, footnote 1.
Does not include revolving fund receipts representing acquired
securities amounting to $1,643,070 (par value).
See Table 3, footnote 5Preliminary.
Footnotes to Table 5
\J
2/
j/
Includes reimbursement by Federal Old-Age and Survivors Insurance Trust Fund
and Federal Disability Insurance Trust Fund for administrative expenses
and beginning with 1959 for refunds of taxes (treated as an offset to refunds rather than being credited to receipts); 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.
Consists of payment of franchise tax by banks for cooperatives beginning
1955, and also by Federal intermediate credit banks beginning January 1959.
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, and
{J
Ji/
h/
beginning with fiscal year 1959 excludes voluntary contributions.
Consists of payments to employees' retirement funds representing
United 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.
Figures in this column differ from those previously published
because budget receipts which are also budget expenditures, and
trust fund receipts which are also trust fund expenditures are
no longer Included; see Tables 3 and -i.
See Table 3, footnote 5.
p
Preliminary.
Less than $500,000.
Footnotes to Table 6
\/
2/
2/
ij
5/
y
Accrued discount on savings bonds and bills less interest paid on savings
bonds and bills redeemed.
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 195'i, consists only of public debt interest checks and
coupons outstanding; net increase, or decrease (-).
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 (-).
Issued in 1936 in exchange for adjusted service certificates held by veterans
of World War I.
The bonds matured in 1945.
Issued in 1947 in payment for accumulated leave. The las-t of these bonds
matured in 1951.
Parts of the United States subscriptions to the International Monetary
Fund (see 1947 Annual Report of the Secretary of the Treasury, pp. 48,
u
s/
350. and 385) and the International Development Association were
paid in nonnegotiable, nonlnterest-bearlng notes of the United
States, payable on demand.
In June 1959 notes amounting to
$1,031 million were issued to the Fund as part of the additional
U. S. subscription authorized by an act approved June 17, 1959.
In November 1960 notes amounting to $58 million were issued to the
International Development Association as part of the first annual
installment of the U. S. subscription. See "Budget Receipts and
Expenditures," Table 3, footnote 10.
Checks outstanding less deposits in transit, and changes in other
accounts; net Increase, or decrease (-),
See Table 1, footnote 2.
Less than $500,000.
Preliminary.
Footnotes to Table 7
V
2/
2/
In this table, in accordance with treatment in Budget documents, net
investment In United States securities by Government- sponsored 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 included with other trust accounts.
Does not include investments representing acquired securities amounting to
$1,643,070 (par value) and donation of securities amounting to $45,800
(par value).
See Table 1, footnote 2.
Accruei? discount on savings bonds and bills, which Is included In the principal of the public debt, less interest paid on savings bonds and bills
redeemed
8/
Treated as noncash transactions at the tijne of issuance and as
cash transactions at the tijne of redemption; net issuance, or
redemption (-).
Excluded from borrowing because the transactions are treated as
expenditures in Table 6.
Excluded from borrowing because the transactions are treated as
deductions from receipts in Table 3.
Market transactions in public debt securities and agency obliga-
»
tions.
Less than $500,000.
p
Preliminary.
5/
6/
Il
Treasury Bulletin
20
ACCOUNT OF THE TREASURER OF THE UNITED STATES
.
Source and Availability of the Balance In the Treasurer's Account
The account of the Treaeurer of the United Statee
reflects not only budget reoeipte and expenditures but
also trust, deposit fund, and public debt transactions.
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
The working cash of the Treasury la held mainly In
Treasurer's accounts with federal Reserve Banks and
branches.
As the balances In these accounts become depleted,
they are restored by calling In (transferring)
their own account as well as for the account of their
customers.
The tax and loan account system permits the Treas'ory
funds from the tax and loan accounts with thousands of
to leave funds in banks and In the
commercial banks throughout the country.
they arise until such time as the Treasury needs the funds
for Its operations.
Deposits to tax and loan accounts occur In the
normal course of business under a uniform procedure
conunltles
In which
In this way the Treasury Is able
to neutralize the effect of Its
fluctuating operations
on bank reserves and the economy.
applicable to all banks whereby customers of banks deposit
with them tax payments and funds for the purchase of
Oovernment securities.
In most cases the transaction
Involves merely the transfer of money from a customer's
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)
,
.
September 1961
21
ACCOUNT OF THE TREASURER OF THE UNITED STATES.
Table 2.- Analysis of ChanRes In Tax and Loan Account Balances
(In mllllona of dollara)
Credits
Balance
Proceeds from sales of securities 1/
Fiscal year
or month
Savings
bonds
1954
1955
1956
1957
1958
3,457
4,424
3,810
2,976
2,824
1959
1960
1961
2,668
2,679
2,787
Savings
notes
2,333
Tax
anticipation
securities
Taxes
Withheld
and
excise 2/
During period
Income (by
special
arrangement ) 2/
Total
credits
Withdrawals
End of
period
High
4,836
4,365
4,633
4,082
8,218
7,493
7,299
5,486
6,078
8,869
Average
6,861
5,977
6,035
5,043
2,922
4,304
8,167
786
6,568
13,513
19,898
20,538
23,897
26,709
27,881
4,791
2,967
4,611
4,152
7,903
41,644
42,074
45,448
55,044
39,879
42,545
38,871
46,000
50,908
7,581
7,784
7,613
13,164
7,920
1,788
29,190
33,059
34,511
5,919
6,053
9>142
58,520
57,496
55,842
62,994
54,782
56,847
3,744
6,458
5,453
8,055
6,458
7,653
1,390
1,161
3,638
4,103
4,151
39,
UO
1,649
1,910
1,103
813
1,078
912
3,870
3,991
3,373
2,987
3,246
1960-December
222
3,242
1,561
5,026
4,379
5,165
5,362
2,084
3,809
1961-January.
February
Uarch,
318
261
257
1,334
3,864
3,490
56
,707
,125
,572
3,657
2,458
6,921
3,215
4,881
3,533
5,138
4,957
4,926
2,637
2,976
2,310
3,4U
1,825
V^rll...
223
228
220
743
229
3,442
.
May
June.
.
Jxily.
. .
2/
37
,U5
3,594
1,800
7,401
3,363
2,697
5,943
2,315
3,994
5,453
4,321
4,801
5,453
1,161
2,519
1,250
2,171
3,765
3,571
1,368
37
5,076
5,242
5,287
5,360
2,010
3,739
1,142
4,U9
1,788
Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U. S. Government 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,
Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows: Withheld Income tax beginning
Source:
l/
..
3,812
3,705
,377
March 1948; taxes on employers and employees under the Federal Insxirance Contributions Act beginning January 1950, and under the Railroad Retirement Tax Act beginning July 1951; and a number of excise
taxes beginning July 1953.
Under a special procedure begun in March 1951, authorization may be
given for Income tax payments, or a portion of them, made by checks
of $10,000 or more drawn on a special depositary bank, to be credited
to the tax and loan account in that bank. This procedure is followed
during some of the quarterly periods of heavy tax payments.
Treasury Bulletin
22
DEBT OUTSTANDING
Table 1.- Sunmary of Federal Securities
(In mllllona of dollara)
September 1961
23
DEBT OUTSTANDING
Table 3.- Interest-Bearing Public Debt
{In millions of dollars)
Treasurn Bulletin
21;
.
DEBT OUTSTANDING
Table 5.- Special Public Debt Issues to United States Government Investment Accounts
(In millions of dollars)
End of riaoal
year or aonth
September 1961
25
-DEBT OUTSTANDING.
Table 6.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
,
Treasury Bulletin
26
•
DEBT OUTSTANDING.
Table 7.- Interest-Bearing Securities Issued by Federal Agencies But Not
Guaranteed by the United States Government
(In millions of dollara)
Federal National
Mortgage Association
Banks for
cooperatives
Znd of fiacal
year or tnonth
Federal
home loan
banks ]/
Federal
Intermediate
credit banks
Federal land
banks 2/ j/
120
115
UO
341
929
738
456
725
793
834
924
1,159
1,007
1,061
1,322
1,552
1,646
382
992
1,259
1,055
1,456
1,600
1,723
1,888
2,137
2,357
7,911
407
1,266
1,454
7,765
7,602
7,429
407
404
,1U
June
7,417
7,534
7,765
402
402
382
,055
July
7,837
380
054
1954
1955
1956
1957
1958
1,967
2,876
3,889
5,013
1959
1960
1961
6,708
8,407
7,765
284
330
1960- December,
1961-January.
February
5,«3
March
April...,
Ifay
Source:
Note:
1/
133
179
199
404
Office of Debt Analysis and agency reports.
The securities shovm in the table are public offerings.
The proprietary interest of the United States in these banks
ended in July 1951.
942
829
817
955
Uanagement
and liquidating issues
570
570
570
797
797
797
All other
issues
Tennessee
Valley
Authority
100
1,050
1,165
1,290
2,284
2,198
50
2,210
2,523
50
438
478
519
2,210
2,210
2,210
2,546
2,518
2,416
50
50
50
590
661
723
2,281
2,281
2,357
276
184
198
50
50
50
2,357
2,179
100
2/
The proprietary interest of the United States in these banks ended
2/
June 1947.
Figures do not Include securities which are issued for use aa collateral for cooDerclal bank borrowing and not aa a part of public offerlnga
-
)
September 1961
27
.STATUTORY DEBT LIMITATION
The Second Liberty Bond Act
(
31 U.S.C.
757 b), as
and June 30, 1955); 13 billion beginning on July
1,
1956,
amended by an act approved June 30, 1959, provides that
the face amount of obligations Issued under authority of
and ending on June 30, 1957 (act approved July 9, I956);
I5 billion beginning on February 26, I95S, and ending on
and the face amount of obligations guaranteed
June 30, 1959 (act approved February 26, 1958); $10 billion
that act,
ae to principal and Interest by the
United States (except
guar£inteed obligations held by the Secretary of the Treasshall not exceed In the aggregate $235 billion out-
ury),
standing at any one time.
The corresponding limitation
beginning on July 1, 1959* and ending on June 30, 196O
(act approved June 30, 1959); $8 billion beginning on
July 1, i960, and ending on June 30, I96I (act approved
June 30, i960); and $13 billion beginning on July
1,
I96I,
and that under the act of September 2, I95S, was $283 bil-
and ending on June 30, 1962 (act approved June 30, I96I ).
Obligations Issued on a discount basis, and subject to
In addition, temporary Increases have been author-
redemption prior to maturity at the option of the owner,
In effect under the act of June 26,
lion.
ized as follows:
19^6,
was $275 billion
J6 billion beginning on Aiigust 2S,
195^,
and ending on June 30, I956 (acts approved August 23, 1954-,
are Included In the statutory debt limitation at current
redemption values.
Table 1.- Status under Limitation, July 31, 1961
(In millions of dollars)
Maximum amount of securities which may be outstanding at any one time under limitation imposed by the act
of June 30, 1959 {31 U.S.C. 757 b), as increased tanporarily by the act of June 30, 1961
298,000
Amount of securities outstanding subject to such statutory debt limitation:
U. S. Cjovemment securities issued under the Second Liberty Bond Act, as amended.
Guaranteed securities held outside the Treasury
291,960
239
Total amount of securities outstanding subject to statutory debt limitation.
292,199
Balance issuable under limitation
Source:
5,801
Dally Treasury statement.
Table 2«- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding July 31, 1961
(In millions of dollars)
Class of seciu'lty
Subject to
statutory debt
limitation
Public debt:
Interest-bearing securities:
Marketable:
Treasury bills
Certificates of indebtedness.
Treasury notes
Treasury bonds
Total marketable
Nonmarketable:
S, savings bonds (current redemption value).
Depositary bonds
U.
TreasTory bonds, investment series
Treasury bonds,
R.
E. A.
series
Total nonmarketable
Special issues to Government agencies and trust funds.
Total interest-bearing securities
Matured securities on which interest has ceased
Debt bearing no interest:
United States savings stamps
Excess profits tax refund bonds
Special notes of the United States:
International Monetary Fund series
International Development Association series
United States notes (less gold reserve
Deposits for retirement of national bank and Federal Reserve Bank notes.
Other debt bearing no Interest
Total debt bearing no Interest
Total public debt
Guaranteed securities: i/
Interest -bee ring
Matured
Total guaranteed securities
Total public debt and guaranteed securities.
40,828
13,338
56,295
80, 8U
Not subject to
statutory debt
limitation
Total
outstanding
Treasury Bulletin
28
PUBLIC DEBT OPERATIONS
,
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
OutetandlnK July 31, 1961
Other Than Regular Weekly Treasury Bills
Footnotea at end of table.
September 1961
29
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding July 31, 1961
Other Than Regular Weekly Treasury Bills - (Continued)
(In millions of dollars)
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS
Table 2.- OfferlnRS of Treasury Bills
(Amounts in millions of dollars)
Description of new Issue
Number of
days to
maturity
Maturity
date
^
Amount of
bids
tendered
Amount of bids accepted
Total
amount
On competitive basis
On noncompetitive basis 2/
In
exchange
Amount
maturing on
Issue date
of new
offering
Total of
unmatured
Issues outstanding after
new Issues
Regular weekly bills:
91
182
2,087.0
949.6
1,100.
2
500.
920.6
463.3
180.0
37.0
153.8
55.5
1,100.9
400.1
Aug.
Nov.
10
9
91
182
1,876.9
1,115.3
1,100.
500.
903.2
463.1
197.4
37.2
180.8
51.9
1,100.2
400.2
Aug.
Nov.
17
16
91
182
2,012.1
1,201.4
1,100.
500.
872.0
448.7
228.0
52.0
170.5
52.0
1,101.2
500.0
U,192.3
Aug.
Nov.
91
183
2,047.7
966.0
1,100.
500.
890.3
450.3
210.0
49.9
32.5
66.1
1,100.8
501.8
U,191.8
24
Aug.
Nov.
31
30
91
1S2
2,288.1
949.9
1,000.
838.1
461.3
162.8
39.0
78.7
41.7
1,001.0
500.3
12,707.3
Sept.
Dec.
7
91
182
2,137.6
998.3
1,100.
900.4
456.3
200.2
7
118.4
52.1
1,092.4
500.2
14,200.0
12,707.4
4,672.6
1,801.9
1,613.2
188.7
1,958.6
(1961-Aug.
Nov.
1961-ltoy
3
[
May
f
I
r
May
May
f
[
June
500.
[
June
f
[
upy.
15
June
23
June
July
July
July
Aug.
Aug.
Aug.
20p.
27p.
JP.
lOp.
17p.
Aug.
Aug.
Tax
31p.
ntlclpatlon bills:
1960-Oct.
21
U,193.5
12,708.1
12,708.9
12,707.2
U,191.8
24
30
Sept.
Dec.
14
91
182
1,U3.B
1,100.
500.
894.5
449.7
206.1
50.7
50.6
2.4
1,100.0
501.3
U,200.7
U,509.3 4/
Sept.
Dec.
21
21
90
181
2,055.7
1,027.1
1,101.
500.
868.0
439.1
233.1
61.7
99.4
52.5
1,094.9
500.2
14,206.8
U, 509.0 i/
Sept.
Dec.
28
28
91
182
1,807.3
972.7
1,100.
500.
922.4
459.8
177.6
40.4
75.4
32.2
1,099.9
500.6
14,206.9
1,762.6
922.6
1,100,
499.
950.7
469.6
U9.8
30.4
45.8
27.2
1,100.1
500.2
869.0
456.9
231.9
43.2
11.9
2.5
1,100.8
500.1
239.8
45.4
75.6
33.0
1,100.3
400.2
U, 207.1
U, 606.1 i/
3
10
17
24
31
7
U
21
2S
5
13
19
26
2
9
16
U
50
57
64
71
78
85
92
99
106
113
121
1,801.9
127
134
141
148
155
163
169
U,508.6 i/
U,207.4
U,508.3 i/
U,207.4
5
91
4
182
13
11
92
182
2,087.0
U962-Jan.
1,047.4
1,100.
500.
/l961-0ct.
ll962-Jon.
19
18
91
182
1,915.6
960.3
1,100.
499.
860.2
454.5
|l%l4)ct.
26
91
1,7M.7
ll962-Jon.
25
182
907.7
1,099.
500.
898.1
464.2
201.8
35.9
61.3
41.1
1,100.8
500.1
14,608.1 4/
fl%l-Nov.
2
91
Il962-Feb.
1
182
1,913.2
1,136.2
1,101.
600.
890.0
561.4
211.2
38.9
117.7
61.3
1,100.7
600.5
14,607.9 i/
1,100.2
600.2
877.7
560.6
222.5
39.5
53.1
31.6
(
\l%2-Jan.
13p.
a.o
12,608.0
Aug.
Aug.
Aug.
Aug.
Aug.
Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
Oct.
Oct.
Nov.
Nov.
Nov.
Nov.
Nov.
Oct.
July
500.
U, 193.1
(1961-Oct.
91
fl-Jtl-Nov.
182
2,003.2
1,093.5
|l961-Nov.
Il962-Feb.
16
15
91
182
2,121.6
1,009.3
1,100.8
600. C
854.5
554.3
246.4
45.7
109.5
52.2
/1961-Nov.
Il962-Feb.
24
92
183
1,939.6
1,294.5
1,100.8
600.1
871.5
557.3
229.3
42.8
98.2
53.3
fl%l-Nov.
30
91
11962 Mar.
1
IK
1,820.7
933.8
1,100.3
600.4
900.9
556.3
199.4
44.1
26.7
1%1-June
22
244
5,442.7
3,503.
2,889.0
614.7
22
172
3,896.4
1,502.
2,282.2
220.7
Il962-reb.
23
11.9
14,508.4 i/
U,206.2
V
1,100.6
600.3 V
1,100.0
600.5 V
1,100.4
600.2 V
I
I
1,000.9
600.2 i/
I
U,206.8
U,206.5
14,607.8 i/
14,207.3
U,607.3 i/
14,207.7
14,607.1 i/
U, 307.1
U,607.3
a:
1961-Apr.
July
3..
Sept.
26p.
1962 -Itor.
23
1961-July
Oct.
15..
17..
Oct.
15
16
1961-Jen.
Apr.
July
15..
15..
I5p.
1962-Jan.
Apr.
July
15
15
15
Other bills:
1960-July
3.511.7 i/
3.503.8 6/
5,006.7
1,502.9
5,005.8
240
5,U8.9
3,502
2,989.3
513.6
365
364
365
365
365
3,035.6
3,301.9
1,500.
1,502.
1,321.0
1,311.7
179.5
190.5
120.5
15.7
2,000.9
2,006.6
7,011.6
6,507.2
1,353.4
.821.6
,792.5
148.3
178.9
211.0
92.1
186.0
9.6
1,503.7
2,000.8
1,500.5
6,505.1
6,504.8
7,007.8
3,078.0
4,116.5
4,174.1
Source:
Bureau of the Public Debt.
Preliminary figures are from subscription ond allotment repor'.s; final figures are on "clearance" basis in
dally Treasury statement.
1/ The 13-week bills represent additional Issues of bills with an original
maturity of 26 weeks.
i/
For 13-week issues, tenders for 1200,000 or less, and for 2&-week
i/
issues, beginning June 11, 1959, tenders for 1100,000 or less, frtjm
any one bidder are accepted in full at average price on accepted
(Continued on following
V
7,015.5
competitive bids; for other Issues, the corresponding amount is
stipulated In each offering anno'oncement.
An additional $100,104,000 each of eighteen series of weekly bills
Issued In a "strip" for cash.
Includes "strip" bills issued June 14, 1961.
Uarch 22, 1961, maturity.
June 22, 1961, maturity.
pege)
September 1961
31
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
On total bids accepted
lusue date
Average price
per hundred
Regxilar weekly bills:
Equivalent average
rate 7/
Price per hundred
(Percent)
419
2.299
2.417
99.,428
98.,800
May
11
f 99. 436
[98.775
2.232
2.423
99.,444
98.^786
May
18
(99.428
198.769
2.264
2.435
99.,440
98:;775
May
25
[99.405
"8. 744
99.3a;
June
8
June
li,
June
15
Low
Equivalent rate 7/
(Perce
J 99.
1 98. 778
Price per hundred
Equivalent rate 7/
(Percent)
it)
2.263
2.374
99.416
98.770
2.310
2.433
8/
2.200
2.401
99.432
98.773
2.247
2.427
2/
2.215
2.423
99.425
98.766
2.275
2.441
2.354
2.470
99.,411 12/
98.,756
2.330
2.447
99.401
98.735
2.370
2.489
2.437
2.593
99,.386
98,.703
W
12/
2.429
2.565
99.383
98.685
2.441
2.601
\ 98. 621
2.516
2.727
99 .369 M/
98. 636 15/
2.496
2.698
99.361
98.616
2.528
2.738
99.297
2.308
305
2.283
99.292
2.326
,'99.420
98.740
2.295
2.492
99 428
98. 756
2.263
2.461
99.415
98.736
2.314
2.500
I
f
1 98. 689
f
y.
1
99. 364
U/
June
23
/99.419
{98.733
2.325
2.519
99 425
98. 744
2.300
2.498
99.415
98.730
2.340
2.526
June
29
f99.439
198.787
2.219
2.399
99, 447
98 796
2.188
2.382
99.427
98.774
2.267
2.425
July
6
99.417
98.743
2.305
2.486
99. 429 16/
98. 764
2.259
2.445
99.407
98.733
2.346
2.506
July
13p
[99.407
198.730
2.322
2.512
99. 413 20/
98. 736
2.297
2.500
99.403
98.726
2.336
2.520
July
20p
[99.444
198.794
2.200
2.385
98. 801
2.172
2.372
99.437
98.784
2.227
2.405
July
27p
[99.433
198.763
2.244
2.446
99. 450
2.176
2.405
99.425
98.753
2.275
2.467
Aug.
3p
99.419
98.707
2.299
2.557
99. 426
98 717 12/
2.271
2.538
99.415
93.702
2.314
2.567
Aug.
lOp
99.402
677
2.366
2.617
99 411
98. 686 20/
2.330
2.599
99.398
98.673
2.382
2.625
[99.366
2.519
2.765
99. 369 21/
2.496
2.738
99.360
\ 98. 602
98. 594
2.532
2.781
2.473
2.762
99.356
98.578
2.520
2.797
2.275
2.589
99.407
98.663
2.346
2.645
Aug.
17p
J
\ 98.
99,
98,
451
784 18/
98 616 22/
2y
Aug.
24p
[99.360
\98.580
2.504
2.793
99. 368
Aug.
31p
[99.413
198.677
2.321
2.617
99. 425
98.205 2i/
2.648
98.082
2.830
98.818
98.344
2.473
2.484
98.863 a/
98.400 26/
2.380
2.400
98.810
98.320
2.491
2.520
96.690
96.834
3.265
3.131
96.740 22/
96.891
3.215
3.075
96.665
96.815
3.289
3.150
97.283
97.134
97.051
2.679
2.827
2.908
97.318
97.171
97.101
2.645
2.790
2.859
97.262
97.117
97.039
2.700
2.844
2.920
Tax anticipation bills:
1960-Oct.
21
I
On competitive bids accepted
A
1
(Ctontlnuedl
High
1961- May
June
-
1961-Apr.
July
3
26p
98 596
691
Other bills:
,
*
1960- July
Oct.
15
1961-Jan.
Apr.
July
15
15
2/
S/
2/
10/
11/
12/
12/
i7/
18/
17
15p
Bank discount basis.
Except $100,000 at 98.794.
Except $150,000 at 98.785,
Except $300,000 at 99.431,
Except $100,000 at 98.766.
Except $300,000 at 99.405.
Except $300,000 at 98.756,
Except $100,000 at 99.384,
Except $200,000 at 98.687.
Except $7,000 at 99.433.
Except $100,000 at 99.417.
Except $100,000 at 98.796.
and 31,050,000 at 98.780.
and 3600,000 at 99.425.
and $394,000 at 98.707.
and $200,000 at 99.380, and $150,000 at 99.373.
2^
19/
20/
21/
22/
22/
2^/
25/
26/
22/
28/
p
Except $100,000 at 98.736.
Except $100,000 at 98.690.
Except $200,000 at 99.425, $200,000 at 99.417, and $1,000 at 99.378.
Except $100,000 at 98.660.
Except $300,000 at 99.373.
Except $100,000 at 98.305, and $200,000 at 98.265.
Except $200,000 at 98.901, $200,000 at 98.882, and $1,500,000 at
98.872.
Except $200,000 at 98.413.
Except $5,000,000 at %.776, and $5,000,000 at 96.750.
Except $1,500,000 at 97.182.
Preliminary.
)
Treasury Bulletin
32
PUBLIC DEBT OPIRMIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(DollAr amounts In sillions)
Description of Issua
Issue
date
Maturity
date
Ntaber of
daja to
BSturity
Amount
of bids
tendered
Amount
of bids
ac'^epted
Average rate
on bids
accepted 1/
New money
Increase ( or
decrease (-)
(I^rcent
1953-Apr.
May
May
May
June
June
June
June
July
July
July
23,
1953- July
23
91
t 2,202
$ 1,501
2.320
t 100
7,
Aug.
Aug.
Aug.
6
20
27
91
91
91
2,166
2,3i0
2,087
1,500
1,501
1,501
2.352
2.092
2.084
200
200
200
Sept.
Sept.
Sept.
Sept.
3
10
17
2i
91
91
91
91
1,782
2,290
2,207
1,985
1,500
1,400
1,501
1,500
2.416
2.323
2.228
1.954
198
300
300
1
2,192
2,167
2,277
1,500
1,501
1,500
2.106
2.007
2.106
300
100
100
21,
28.
^,
11,
16,
25,
199
16.
Oct.
Oct.
Oct.
15
91
91
91
Sept. 10.
Dec,
10
91
2,023
1,501
1.953
101
1955- Oct.
Oct.
Oct.
Oct.
6
91
91
91
91
2,119
2,258
2,390
2,403
1,600
1,600
1,600
1,601
1.541
1.606
1.619
1.720
99
100
100
100
91
91
91
92
2,328
2,292
2,369
2,178
1,601
1,601
1,601
1,600
1.850
1.889
1.888
1.875
100
98
100
100
91
91
91
91
91
2,202
2,282
2,654
2,328
2,317
1,600
1,602
1,602
1,601
1,601
2.088
2.135
2.104
1.981
2.122
91
2,624
1,700
3.283
99
1,700
1,700
1,800
1,802
3.133
3.057
3.182
3.288
99
99
200
1955-July
July
July
July
Aug.
Aug.
Aug.
Aug.
2,
9.
7.
U.
21.
28.
4.
11.
18.
25.
Sept.
1.
Sept. 8.
Sept. 15.
Sept.
22.
Sept. 29.
Nov.
Nov.
Nov.
Nov.
Doc.
Doc.
Dec.
Dec.
Doc.
1957-Jan.
31.
1957- May
Feb.
Fab.
Feb.
Feb.
7.
May
May
May
May
Mar.
Mar.
Dec.
Dec.
U.
21.
28.
7.
U.
19.
26.
1958-Jan.
Jan.
Jan.
Jan.
23.
Mar.
13.
2.
9.
16.
Sept. 11.
Sept. 18.
Sept. 25.
Oct.
Oct.
Oct.
Oct.
Oct.
23.
30.
Not.
Not.
13.
Dec.
11.
2.
9.
16,
6.
8
13
20
27
3
10
17
25
1
8
15
22
29
99
102
99
98
101
y
91
91
91
31
92
2,626
2,719
2,580
2,741
6
2,769
2,830
1,800
1,802
3.246
3.239
200
9
16
202
June
June
13
91
91
1958- Mar.
Mar.
20
27
91
91
2,348
2,416
1,700
1,700
,140
.173
100
98
Apr.
Apr.
Apr.
Apr.
3
10
17
2A
91
91
91
91
2,388
2,430
2,682
2,751
1,700
1,700
1,701
1,702
2.753
2.858
2.591
2.587
101
100
100
100
91
2,436
1,700
1.532
-100
91
91
92
2,550
2,636
2,576
1,800
1,800
1,800
2.359
2.604
2.511
100
99
99
2,291
2,382
3,088
2,987
2,872
1,801
1,800
1,803
1,800
1,803
2.920
2.668
2.927
2.804
2.647
101
1,802
1,801
2.649
2.774
102
101
1,600
400
2.805
3.081
200
2.904
3.095
200
2.739
3.017
201
Dec.
Dec.
Dec.
11
18
26
1959- Jan.
Jan.
Jan.
Jan.
Jan.
22
29
92
91
91
91
91
Feb.
Feb.
5
13
91
2,8U
9->
2,857
2
8
15
202
100
104
99
102
fHar.
12
91
2,407
\ June
11
182
1,073
18.
fMar.
\ June
19
18
91
182
2,476
764
1,600
Dec.
26.
(Mar.
^ June
26
25
90
181
2,394
834
1,601
1959-Jan.
2.
/Apr.
\July
2
90
181
2,479
755
1,600
2
400
2.690
2.920
199
9
9
91
182
2,508
680
1,599
400
2.678
2.959
199
16
16
91
182
2,178
734
1,600
401
2.808
3.034
197
Dec.
Jan.
8.
(Apr.
iJuly
Jan.
15.
(Apr.
iJuly
Footnotes at end of table.
(Continued on following page)
400
4X
September 1961
33
PUBLIC DEBT OPERATIONS
Table 3.- New Ntoney Financing through Regular Weekly Treasury Bills
(Dollar amounts in milliona)
Description of issue
-
(Continued)
Treasury Bulletin
3^
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Date subscription books
September 1961
35
Treasury Bulletin
36
PUBLIC DEBT OPH^ATIO^B
September 1961
71
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued!
Date aubscrip-
.
.
Treasitry Bulletin
3«
PUBLIC DEBT OPERATIONS,
Footnotes to Table 4.- (Continued)
J2/
Jl/
Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted 21, percent but in no case
In addition, $100 million of the notes were
less than $25,000.
allotted to Govemoent investment accounts
Subscriptions for $5,000 or less were allotted in full. Subscriptions
for more than $5,000 were allotted 60 percent to savings-type investors, 40 percent to ccoriercial banks for their own account, and
25 percent to all other subscribers, but in no case less than $5,000.
In addition. $10r. million of the bonds were allotted to Government
investment a^ ^unts.
Subscrip ions .'or $100,000 or leas were allotted in full. Subscriptions for more than $100,000 were allotted 59 percent but in no case
less than $100,000.
Subscriptions for $100,000 or less for the bills and $50,000 or less
for the notes were allotted in full. Subscriptions for more than the
mininuffl for each issue were allotted 44 percent on bills and 35 perIn addition,
cent on notes but in no case less than the minimum.
$100 million of the notes were allotted to Government investment
accounts
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 47 percent but in no case
less than $100,000.
Subscriptions from savings-type Investors totaled $720 million and
were allotted 70 percent. Subscriptions from ccnimercial banks for
their own account totaled $470 million and were allotted 35 percent.
Subscriptions from all other Investors totaled $610 million and were
allotted 15 percent. Subscriptions for $25,000 or less were allotted
in full when acconpanied by 100 percent payment at the time of entering the subscriptions. All other subscriptions for $5,000 were
allotted in full. Subscriptions for more than $5,000 were allotted
not less than $5,000.
In addition, $50 million of the bonds were
allotted to Government investment accounts. Savings-type investors
were given the privilege of paying for the bonds allotted to them in
installments up to April 23, 1959 (not less than 25 percent by
January 23, 1959, the issue date; 50 percent by February 24, 1959;
75 percent by March 23, 1959; and full payment by April 23, 1959).
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 50 percent but in no case
less than $100,000.
In addition, $100 million of the notes were
allotted to Government investment accounts.
Subscriptions from savings-type investors totaled $240 million and
were allotted 65 percent. Subscriptions from commercial banks for
their own account totaled $941 million and were allotted 35 percent.
Subscriptions frcin all other investors totaled $322 million and were
allotted 20 percent. Subscriptions for $25,000 or less from savingstype investors and ccamercial banks, and for $10,000 or less from all
others, were allotted in full. Subscriptions for more than these
mlnimums were allotted not leas than the minlmums.
In addition,
$50 million of the bonds were allotted to Government investment accounts.
Full-paid subscriptions of $25,000 or less, totaling $9a million,
were allotted in full. Subscriptions from savings-type investors
totaled $1,361 million and were allotted 45 percent. Subscriptions
from comoerciol banks for their own account totaled $6,390 million
and were allotted 8 percent, but not less than $1,000 on any one
subscription. Subscriptions from all other investors totaled $2,433
million and were allotted 5 percent, but not less than $1,000 on
any one subscription.
In addition, $100 million of the notes were
allotted to Government investment accounts,
Holders of approximately $1,600 million of Series F and G savings
bonds issued in 1948, which mature in 1960, were offered in exchange
the 4-3/4)t notes, with certain adjustments as of December 15, 1959,
at a price of 99-3/41^. Snaller denominations of savings bonds could
be exchanged for the next higher multiple of $1,000 of the notes
upon payment of any cash difference. Cash payments amourted to $3
million.
Issued as a rollover of maturing one-year bills.
Savings- t.:/pe Investors were given the privilege of paying for the
bonds in Intsallaents up to June 15, I960 (not leas than 40 percent
by April 14, the delivery dale; 70 percent by May 15; and full
payment by June 15).
In addition to the amounts allotted to the
public, llOO million of the bonds were allotted to Government investment accounts.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 30 percent but in no case
less than $100,000.
In addition, $27.4 million of the notes were
allotted to Government investment accounts.
Subscriptions for $25,000 or leas were allotted in full. Subscriptions for more than $25,000 were allotted 85 percent but in no case
less than $25,000.
In addition, $71 million of the notes were
allotted to Government investment accounts.
Subscriptions were permitted to be made with payment In cash or in
-
J£/
22/
}A/
22/
2^
i2/
ia/
22/
^Q/
4 1/
^
^
^V
4-3/4$ Treasury notes maturing August 15, I960 (see Table 6, footnote 22).
In addition In order that holders of 3-5/85C Federal
National Mortgage Association notes maturing August 23, 1960, might
have an opportunity to reinvest th? proceeds, the Secretary of the
Treasury, in behalf of the Association, offered to purchase such
notes on August 15, 1960, at par and accrued interest to the extent
that such subscriptions were allotted and the proceeds from the par
amount of the notes were applied to payment, in whole or in part,
for the new securities.
4^/ Combined total includes $80 million allotted on subscriptions from
holders of the Federal National Mortgage Association notes maturing
August 23, I960 {see footnote 44).
46/ Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1960,
47/ Subscriptions from States, political subdivisions, or instrumentalities thereof, public pension and retirement and other public
funds, international organizations in which the United States holds
membership, foreign central banks and foreign States, Government
investment accounts, and the Federal Reserve Banks as provided in
the offering circular, totaled $6,285 million and were allotted in
Subscriptions subject to allotment totaled $11,104 million
full.
and were allotted in full up to and including $25,000; all others
were allotted 13 percent but in no case less than $25,000.
48/ Subscriptions totaled $1,181 million frcoi savings-type investors
and $100 million from Government investment accounts; both were
allotted 25 percent. Subscriptions from commercial banks for their
own accounts totaled $2,708 million and were allotted 20 percent.
Subscriptions from all others totaled $1,190 million and were
allotted 15 percent. Subscriptions for $5,000 or less were allotted
in full; subscriptions for more than $5,000 were allotted not less
than $5,000.
i2/ In addition to the amounts allotted to the public, there were
allotted to Government investment accounts $131.3 million of the
3-1/2% bonds of 1980, $215.9 million of the 3-1/2$ bonds of 1990,
and $236.5 million of the 3-1/2$ bonds of 1998.
50/ Holders of approximately $750 million of Series F and G savings bonds
issued in 1949, which mature in 1960, were offered in exchange the
4% bonds, with certain adjustments as of December 15, 1960, at a price
of 100^.
Smaller denominations of savings bonds could be exchanged
for the next higher multiple of $500 of the bonds upon payment of any
cash difference. Cash payments amounted to about $362,000.
51/ Suscriptlons were permitted to be made with payment in cash or in
4-7/8$ Treasury certificates maturing February 15, 1961 (see Table 6,
footnote 26).
p2/ Consists of allotments on subscriptions from holders of certificates
of indebtedness maturing February 15, 1961.
53/ Subscriptions from States, political sub-divisions or Instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts and the Federal Reserve Banks, as provided in the offering
circular, totaled $4,364 million and were allotted in full. Subscriptions subject to allotment totaled $14,619 million: those
up to and including $10,000 were alloted in full; all others were
allotted 20 percent but in no case less than $10,000,
addition to the amounts allotted to the public, there were allotted
H/
to the Federal Reserve Banks and Government Investment accounts
$39 million of the 3-3/8$ bonds of 1966 and $540 million of the
3-5/8$ bonds of 1967.
S^/ Subscriptions were permitted to be made with payment in cash or in
the 4-3/4$ Treasury certificates or 3-5/8$ Treasury notes, both
maturing May 15, 1%1 (see Table 6, footnote 29).
Consists of allotments on subscriptions from holders of certificates
ife/
of indebtedness and Treasury notes maturing May 15, 1961.
^2/ There were allotted in full all subscriptions totaling about $2,379
million "or the certificates and $1,258 million for the notes, from
States, political subdivisions or instrumentalities thereof, public
pension and retirement and other public funds, international organizations In which the United States holds membership, foreign central
banks and foreign States, Government investment accounts, and the
Federal Reserve Banks, as provided in the offering circulars. Subscriptions from all other Investors were subject to allotment and
totaled $11,445 million for the certificates which were allotted
27 percent, and $11,631 million for the notes which were allotted
12 percent; subscriptions for $25,000 or less were allotted in full,
and subscriptions for more than $25,000 were allotted not less than
$25,000,
iS/ Sale of a "strip" of Treasury bills, consisting of an additional* $100
million for cash of eighteen series of weekly Treasury bills maturing
from August 3, 1%1, to November 30, 1961.
p
Preliminary,
Not available.
a.
^
i
September 1961
PUBLIC DEBT OPERATIONS
Table 5.- Allotmente by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills i/
(In millions of dollars)
Issue
Treasury Bulletin
ko
PUBLIC DEBT 0PE31ATI0HS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills ^ (Continued)
(In millions of dollars)
Issue
September 1961
in
PUBLIC DEBT OPEHATlUNb
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills i/ - (Continued)
(In millions of dollars)
Issue
.
Treasury Bulletin
U-S
PUBLIC DEBT OPERATIONS
Table 6.- Dlepositlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
Issue
date
Description
Results of exchange offers
Disposition offers
by Treasury
Called or oaturlng security ]/
Date of
refunding
or retlrenent
Amount
outstanding
Cash
retlxeDent
Exchange
security
offered
Exchanged
Description of new
security offered
(See also Table ^)
Turned
in tor
cash 2/
(In millions of dollars)
1-7/8* Certificate -
2/15/53
1.720* Bill
3/18/53
1-7/8* Certificate
Bond
2*
f
6/1/53
2/15/53-A
3/1/52
8,868
3/18/53
10/8/52
2,502
6/1/53-B
6/15/53-55
7/1/52
10/7/40
4,963
[Total.
1.846* Bill
8/15/53
2*
2*
Certificate
725
Bond
6/19/53
11/21/52
2,003
8/15/53-C
8/15/52
2,882
9/15/51-53
9/15/43
2,003
8,1M
4,963
725
5,688
4,410
448
4,858
7,986
9/18/53
6/3/53
800
800
2-1/8* Note
12/1/53-A
10/^52
10,542
500
1
y
V
10,042
2-1/4* Certificate
2/15/54-A
2/15/53
8,114
8,114
1-3/8* Note
3/15/54-A
12/15/49
4,675
4,675
6/15/52-54
6/15/52-55
6/15/54-56
6/26/44
2/25/42
7/22/40
Total.
3/22/5*
2-1/2* Certificate '2*
Bond
2-1/4* Bond
2-1/4* Bond
.
9/15/54-E
3/15/57-A
108
1-5/8* Certificate
\ 2-1/2* Bond
2/15/55-A
II/15/6I
1,360
3,237
78
f 1-5/8* Certificate
\ 2-1/2* Bond
2/15/55-A
11/15/61
f
f
1
]
\
20,796
20,7%
18,184
1,505
1-7/8* Note
2-1/2* Bond
12/15/54-B
12/15/58
f
y
4,083
1,128 6/
369 6/
681
I
2-1/2* Bond
11/15/61
7,007 of 1-5/8* Certificate
11,177 of 2-1/2* Bond
7/15/53
5,9CE
6/26/44
2/25/42
7/22/40
1,743
373
311
1,743
373
311
6/1/54-B
6/1/53
4,858
4,858
7,285
7,285
238
51
38
1-1/8* Certificate
-
5/17/55-B
[1,786
12,897
175
[1-1/8* Certificate [1-7/8* Note
5/17/55-B
2/15/59-A
6,783
502
[3,886 of 1-1/8* Certificate
2,897 of 1-7/8* Note
[1,005
1 1,728
55
1-1/8* Certificate 2-1/8* Bond
8/15/55-D
II/15/6O
1-1/8* Certificate 2-1/8* Bond
8/15/55-D
11/15,
/15/6O
322
273
y
y
6/18/54
.726*
Bill
6/18/54
4/27/54
1,001
1,001
6/24/54
.956*
Bill
6/24/54
3/22/54
1,501
1,501
2-5/8* Certificate
8/15/54-D
8/15/53
2,788
2-5/8* Certificate
9/15/54-E
9/15/53
4,724
4,724
12,553
\2,078
93
7,512
7,512
7,364
148
8,175
8,175
4,498
3,289
43
1-1/8* Certificate 1-1/4* Certificate 2-1/2* Bond
8/15/55-D
12/15/55-E
8/15/63
243
1-1/8* Certificate 1-1/4* Certificate 2-1/2* Bond
8/15/55-D
2/15/55-E
8/15/63
1-1/8* Certificate 1-1/4* Certificate 2-1/2* Bond
8/15/55-D
12/15/55-E
8/15/63
8/15/54
Total.,
1-7/8* Note
-
12/15/54-B
12/1/53
346
12/15/54
2*
Bond
- 12/15/52-54
ia/1/44
2*
Bond
- 12/15/51-55
12/15/41
407
1,983
6, 028
J
1
Total.
17,347
1-5/8* Certificate
2/15/55-A
2/15/54
1-1/2* Note
3/15/55-A
3/15/50
5,365
3/15/55-60
3/15/35
315
4,919 of 1-1/8* Certificate
5,359 of 1-1/4* Certificate
6,755 of 2-1/2* Bond
7,007
|5,735
ll,166
106
1-5/8* Note
Note
2*
326
1-5/8* Note
Note
2*
3/15/56-A
8/15/57-C
364
^1-5/8* Note
Bond
L3*
3/15/56-A
2/15/95
2,611
/2,4U
|2,626
f
323
tl,924
Total.
U,983
3/22/55
1*
Certificate -
3/22/5 5-C
8/2/54
3,734
5/17/55
1-1/8* Certificate -
5/17/55-B
5/17/54
3,886
6/22/55
1-3/8* Certificate -
6/22/55-F
4/1/55
3,210
8/1/55
1-1/8* Certificate -
Footnotes at end of table.
8/15/55-D
8/15/54
8,477
3,734
y
3,210
y
u
17,033
5,365
2,611
88
380
3,558 of 1-1/8* Certificate
3,806 of 2-1/8* Bond
17,347
2/15/55
2-7/8* Bond
y
y
3/22/54-C
6/15/52-54
6/15/52-55
6/15/54-56
Total.
8/15/54-D
2-5/8* Certificate 2-7/8* Note
f5,647
12,360
5,825
1,501
5/17/54
2-5/8* Certificate
2-5/8* Certificate -
118
5,825
1,501
681
5,902
6/1/54-B
8,175
1,748
J
I
Bond
2*
2-1/4* Bond
2-1/4* Bond
2-5/8* Certificate -
266
I
2/15/5*
553
277
829
93
I
2.383* Bill
2/15/54-A
12/15/58
4,724
2,997
7,986
12/1/53
2-1/4* Certificate [2-1/2* Bond
y
2,882
9/18/53
134
I
620
y
5,688
6/19/53
9/15/53
2,502
8,368
U,983
U,188
3,886
3,174
8,477
fl,486
16,841
(Continued on following page)
-
3/15/56-A
8/15/57-C
8,472 of 1-5/8* Note
3,792 of 2*
Note
1,924 of 3*
Bond
2*
149
[2*
[2*
8/15/56-B
Certificate
Note
6/22/56-B 2/
8/15/56-E
y
September 1961
^3
PUBLIC DEBT OPERATIONS
Table 6.- Dieposltlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Treasury Bulletin
kk
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than ReRular Weekly Treasury Bills - (Contlnueril
September 1961
^
PUBLIC DEBT OPERATIONS
Table 6.- Dlsposit Ion of Matured Public Marketable Securities
Other Than Regu lar Weekly Treasury Bills - (Continued)
Called or maturing security
Date of
refunding
or retirement
Issue
date
Description
Disposition offers
by Treasury
1/
Amount
outstanding
Exchange
security
offered
Cash
retirement
Results of exchange offers
Exchanged
(In millions of dollars)
3-3/8? Certificate
11/15/59-E
12/1/58
7,711
7
("6,534
1
3-l/2i6 Note
11/15/59
11/1 5/59-
10/10/58
1,184
9/26/57
2,000
Total maturities
'
4i?
Note
8,894
8/15/62-B
Total
1,584 12
3.555!e Bill
12/22/59
5/15/59
1,500
1,500
3.386^ Bill
1/15/60
4/1/59
2,006
2,006 18/
3-3/4? Certificate -
2/15/60-A
2/15/59
11,363
1-1/2? Note
4/1/6O-EA
4/1/55
198
8/15/62-B
9/26/57
2/
11,561
2/15/60
159 12/
159
3/22/60
4.075? Bill
3.719? Bill
3/22/6O
3/22/60
7/8/59
7/8/59
3,005
999
3,005
999
4/1/6O
1-1/2? Note
4/I/6O-EA
4/1/55
57
57
4/15/60
3.835? Bill
4/15/50
5/11/59
2,003
5/15/50-B
5/15/59
1,269
3-1/2? Note
5/I5/6O-A
2/15/57
2,406
3-1/4? Note
5/I5/6O-B
1/21/59
2,738
Certificate
y
2/
2,003 18/
5/15/60
Total.
6/22/60
6,413
[4.783? Bill
4.726? Bill
6/22/60
6/22/60
10/21/59
10/21/59
2,002
2,016
I
6/23/60 20/
2-1/2? Bond
11/15/61
2/15/54
7/I5/6O
4.728? Bill
7/15/6O
7/15/59
8/15/50
4-3/4? Note
8/15/6O-C
8/1/59
IO/1/6O-EO
lO/X/55
278
Bond
Bond
Bond
Bond
6/15/62-67
12/15/63-68
6/15/64-69
12/15/64-69
5/5/42
12/1/42
4/15/43
9/15/43
2,109
2,815
3,737
3,811
4.860? Bill
10/17/60
12/2/59
2,007
II/I5/6O-C
11/15/59
",037
8/15/54
3,806
1-1/2? Note
10/1/50
2-1/2?
2-1/2?
2-1/2?
2-1/2?
10/3/50 2a/
Total
10/17/50
'4-3/4? Certificate
11/15/60
,
9,561
2-1/8? Bond
12,473
11/15/60
10,844
Tota
I/15/6I
5.067? Bill
1/15/51
1/15/60
1,504
2/15/bl
4-7/8? Certificate
2/15/51
2/15/60
5,938
6/15/59-62
12/15/59-62
2/15/63-A
8/15/63
6/1/45
11/15/45
4/15/58
12/15/54
5,252
3,449
3,971
6,755
3/15/61 20/
'2-1/4? Bond
2-1/4? Bond
2-5/8? Note
2-1/2? 3ond
Total
19,436
457
10,049
10,895
1/1 5/60
.
504
I
8,365
12/22/59
2/15/60
871
f
2,002
2,016
2/
X'
Turned
in for
cash 2/
Description of new
security offered
(See also Table i,)
Treasury Bulletin
1+6
PUBLIC DEBT OPERATIONS
Table 6.- Dtepoeltlon of Matured Public Marketable Securities
Other Than ReRular Weekly Treasury Bills - (Contlnuedl
September 1961
^1
PUBLIC DEBT OPERATIONS
Footnotes to Table 6
Advance refxmdlng offering. Pursuant to the provisions of section
1037 (a ) of the Internal Revenue Code of 195'i as added by Public Law
86-346, approved September 22, 1959, the Secretary of the Treasury
has declared that no gain or loss shall be recognized for Federal
incane tax purposes upon the exchange of the eligible outstanding
securities solely for the new securities. For tax purposes, therefore, the investor will carry the new securities on his books at the
same amount as he had been carrying the eligible securities exchanged.
Gain or loss. If any, upon the obligations surrendered in exchange
will be taken Into account upon the disposition or redemption of the
new obligations,
21/ Holders of 2-l/2^ Treasury bonds maturing November 15, 1961, were
offered the option to exchange the bonds during the period from June 8,
i960, to June 13, 1960, inclusive, subject to allotment if subscriptions exceeded by 10 percent the offering limits of $3.5 billion for
the notes and $1.5 billion for the bonds.
22/ Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them in payment or exchange, in whole or in part, for the 3-l/8{K certificates or
the 3-7/8^ bonds, which were offered in an aggregate of around $8-3/4
billion. For detail of offering, see Table 4.
23/ Excess of maturing 4-3/4$ Treasury notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 44 and 46).
Reopening
of an earlier issue.
24/
2^/ Holders of Z-l/Zi? Treasury bonds maturing Jxme 15, 1967, December 15,
1968, June 15, 1969, and December 15, 1969, were offered the option
to exchange the bonds during the period from September 12, 1960, to
September 20, 1%0, inclusive, the first for 3-l/2% bonds of 1980,
the second for 3-1/255 bonds of 1990, and the other two for 3-l/2^ bonds
of 1998, subject to allotment if the combined total of subscriptions
for the bonds of 1990 and 1998 exceeded an outside limit of %^.5 billion.
26/ Holders of the maturing certificates were not offered preemptive rights
to exchange their holdings, but were permitted to present them in
payment or exchange, in whole or in part, for the 3-l/4$ notes offered
in the amount of around $6.9 billion. For detail of offering, see
Table 4.
27/ Excess of maturing 4-7/8?^ certificates over allotments of new securities
on subscriptions from holders of those certificates (see Table 4,
footnotes 51 and 52),
28/ From March 20 through March 22, 1961, owners of 2-l/43f bonds of June
15, 1959-62, 2-1/4$ bonds of December 15, 1959-62, 2-5/8$ notes
maturing February 15, 1963, and 2-l/2$ bonds maturing August 15, 1963,
were granted the option of exchanging their holdings. The first three
were exchangeable for a new 3-5/8$ bond due November 15, 1967, and the
Exchanges were
last for a new 3-3/8$ bond due November 15, 1966.
subject to allotment if subscriptions exceeded $5 billion for the
bonds of 1967 or $3 billion for the bonds of 1966.
20/
(Continued)
-
29/
Holders of the maturing certificates and notes were not offered preemptive rights to exchange their holdings, but were permitted to present
them in payment or exchange, in whole or in part, for the $5,250 million
offering of 3$ certificates or the $2,500 million offering of 3-l/4$
notes. For detail of offering, see Table 4.
^Q/
Excess of maturing 4-3/8$ certificates and 3-5/8$ notes over allotments
of new securities on subscriptions from holders of those certificates
and notes (see Table 4. footnotes 55 and 56).
Not available.
Preliminary.
n.a.
p
Note:
Information on retirement of tax anticipation issues referred to 1b
footnote 3, in millions of dollars:
Date of
retirement
Treasury Bulletin
ks
.UNITED STATES SAVINGS BONDS.
Series E 2nd H are the only savings bonds currently
belnif sold.
Series E has been on sale since May liig**!,
Series K has been on sale since June 1, 1952.
were sold from March
Series F
and
Series A-D
through April JO, 1941.
and S were sold from May 1, 19'*1, through April
1,
1935,
30,
1952.
Series
J
and
through April 30, I957.
in Issues,
K
were sold from May
1,
1352,
Details of the principal changes
interest yields, maturities, ind other savings
bonds terms appear In the Treasury Bulletins of April I95I,
Kay 1952, May 1957, October and Dece.-aber 1959,and Hay I961.
Table 1.- Sales and Reflempt lone by Series, Cumulative through July 31,
in millions)
1961
September 1961
ks
.UNITED STATES SAVIN&S BONDS.
Table 3.- Sales and Redemptions by Periods, Series E throuKh K
(In millions of dollars)
Sales
1/
Accrued
discount
Redetnpt ions
Sales plus
accrued
discount
Amount outstanding
1/
Sales
price
j/
Accrued
discount
Interest-bearing
2/
debt
atured debt
Series E and H combined
Fiacal years:
19^1-1954
V"
73,979
,225
,260
,613
,670
,506
,307
,464
1955 A/
1956
1957
1958
1959
1960
1961
Calendar years:
1941-1954
8,061
1,123
lU
133
161
174
194
254
82,040
6,348
6,374
5,746
5,831
5,680
5,501
5,717
44,558
4,544
4,730
5,176
5,187
5,107
5,502
4,627
42,058
3,911
4,069
4,444
4,129
4,310
4,616
3,906
2,500
633
661
84,977
6,481
6,167
5,649
5,867
5,489
46,744
4,652
4,832
5,469
4,856
5,519
4,996
43,946
3,998
4,162
4,686
4,129
4,636
4,202
2,798
654
670
783
727
883
794
38,233
40,063
41,398
41,578
42,589
42,559
43,137
732
1,058
797
886
721
37,482
39,285
40,929
41,498
42,
U2
42,716
42,715
43,806
76,352
5,368
5,043
8,626
1,113
1,124
4,507
4,689
4,320
4,350
1,U3
456
416
435
126
98
97
581
513
532
441
412
360
314
350
80
61
62
43,278
43,416
43,536
348
371
370
95
97
126
443
468
495
372
372
392
316
316
333
56
56
June. ...
60
43,607
43,703
43,806
July
342
474
357
300
58
43,922
9,942 6/
2,692
3,105
3,774
3,350
2,137
3,049 2/
1,188 8/
9,734
2,565
2,941
3,605
3,235
2,063
2,921
1,129
209
127
20,579
19,080
16,568
13,124
9,842
7,787
4,829
3,709
11,198 6/
2,636
3,422
4,153
2,395
3,246
10,932
267
126
173
171
77
125
86
1955
1956
1957
1958
1959
1960
Months:
1961-January.
February
March.
.
April.
.
May
1,178
1,169
1,224
5,574
375
Series F, G, J, and K combined
Fiscal years:
1941-1954 i/.
1955
1956
1957
1958
1959
1960
1961
V
Calendar years:
1941-1954
1955
1956
1957
1958
1959
1960
29,848
1,249
586
268
30,472
907
475
98
729
108
100
83
65
30,577
1,357
686
54
352
65
54
46
46
32
32
784
103
92
31,256
1,010
567
172
58
74
58
52
38
52
38
^
1,732 2/ S/
2,510
3,250
3,982
2,318
3,122
1,646
164
169
116
74
128
59
55
219
312
335
331
303
257
222
10,896
8,603
5,594
4,022
619
571
681
698
655
468
348
19,439
17,861
U,895
Months:
1961-January.
February
March.
.
April.
.
May
June ....
117 8/
77
112
69
73
3,965
3,911
3,859
290
274
251
61
64
63
58
60
60
3,813
3,759
3,709
239
232
222
62
3,652
72
July
Footnotes at end of Table 4.
(Continued on following page)
.
Treasury Bulletin
50
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(Continued)
(In millions of dollars)
Sales
V
Accrued
discount
Redenpt ions
Sales plus
accrued
discount
Seles
price
j/
1/
Accrued
discount
Exchanges of
E bonds for
K bonds
j/
Fiscal years:
19^1-19W i/.
1955 i/
1956
1957
1958
1959
1960
1961
Calendar years
8,061
1,123
74,843
4,192
8,626
1,113
1,124
44,527
4,490
4,622
4,981
4,951
4,889
5,181
4,394
42,027
3,857
3,961
4,248
3,893
4,092
4,295
3,673
2,500
633
661
732
1,058
797
886
46,690
4,572
4,689
5,220
4,658
43,892
3,918
4,018
4,437
3,931
4,342
3,935
2,798
654
670
783
727
883
721
201
188
3,875
3,802
3,598
3,632
1,U3
1,178
1,169
1,224
83,468
5,304
5,266
5,018
4,979
4,767
4,856
353
335
353
126
98
97
479
433
450
423
343
80
22
358
390
297
61
62
17
289
308
306
95
354
351
373
298
97
126
384
405
431
276
132
408
337
4,U2
Montha:
1961-Janu8ry.
February
March.
.
April...
May
.
1,1U
1,133
1,161
1,174
1,194
1,254
80,985
5,218
5,333
5,052
5,049
4,862
4,797
4,943
:
1941-1954
1955
1956
1957
1958
1959
1960
June.
72,924
4,095
4,219
3,919
3,889
3,688
3,603
3,689
.
July
5,225
4,729
328
794
2%
56
56
313
60
279
58
22
15
16
18
Series H
Fiscal years:
1952-1954 i/.
1955 i/
1956
1957
1958
'959
1960
1961
1,055
1,130
1,041
694
782
818
704
775
1,055
1,130
1,041
694
782
818
704
775
1,509
1,177
901
631
887
722
718
1,509
1,177
901
631
887
722
718
103
103
81
31
55
31
55
108
196
236
217
108
196
236
217
322
322
233
233
201
188
Calendar yeara
1952-1954
1955
1956
1957
1958
1959
1960
Uontha;
1961-January.
February
torch...
April...
May
June ....
81
82
59
63
64
82
59
63
64
54
54
79
248
198
294
267
79
143
248
198
294
267
17
17
22
17
17
22
18
21
19
18
21
19
U3
July
Source:
Daily Treasury statenent; Office of Debt Analysis in the Office
of the Secretary.
278
22
17
22
15
16
18
17
Footnotes at end of Table 4.
September 1961
51
.UNITH) STATES SAVINGS BONDS,
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Uatured
Unclassified
2/
Total 1/
Series E
Fiscal years:
1951
6,137
5,109
5,621
1952
1951
6,515
7,251
7,846
8,958
8,544
7,249
8,557
5,819
195-;
1955
1956
1957
1958
1959
1960
1961
817
792
1,761
2,747
3,941
4,253
4,115
3,730
3,621
4,125
2,573
38
702
1,128
1,487
1,825
1,917
1,971
1,906
1,996
2,304
1,733
772
254
Calendar years:
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
5,651
5,074
6,985
7,301
8,264
9,630
7,255
8,772
6,732
1,015
2,318
3,171
4,230
4,246
4,156
3,393
4,701
3,033
559
448
489
215
223
251
433
436
455
207
Jxine
July
423
MO
6,U9
Months:
1961-Jan\iary.
February,
Uarch.
.
.
April....
May
134
189
Series E and H
779
90
633
1,260
2,115
2,345
2,144
1,824
1,625
1,822
940
6/
6/
2/
8/
Treasury Bulletin
52
.OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
September 1961
53
.
OWNERSraP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par values 1/ In billions of dollars)
Held by banks
Total
Federal
securities
outstanding 2/
End of
month
Commercial
banks
Held by private nonbank investors
Individuals
U. S.
Federal Government
Reserve investment
Banks
accounts
^
Savings bonds
Series Other
E 4 H Series 1/
2/
1939-Dec
47.6
18.4
19*0- June
Dec
48.5
50.9
18.6
19.5
16.1
17.3
2.5
2.2
7.1
7.6
22.8
23.9
10.1
10.5
19<41-June
55.3
64.3
21.8
23.7
19.7
21.4
2.2
2.3
8.5
9.5
25.0
31.0
11.2
13.5
1942- June
Dec
77.0
112.5
28.7
47.3
26.0
41.1
2.6
6.2
10.6
12.2
37.7
53.0
1943- June
Dec
140.8
170.1
59.4
71.5
52.2
59.9
7.2
11.5
U.3
15.9
1944- June
Dec
202.6
232.1
83.3
96.5
68.4
77.7
14.9
18.8
194 5- June
Deo
259.1
278.7
106.0
115.0
84.2
90.8
21.8
24.3
1946-Feb. 8/.
June
Dec
279.8
259.9
259.5
116.7
108.2
97.9
93.8
84.4
74.5
194 7- June
Dec
258.4
257.0
91.9
91.3
1948- June
Dec
252.4
252.9
1949- June
Dec
6.5
Insurance
Other
companies
securities
State and
Mutual
Corpora- local
savings
tions 6/ governbanks
ment
1.9
8.2
6.3
2.6
2.8
7.5
7.8
5.5
6.9
3.1
3.2
2.1
2.0
.4
l.l
3.4
4.2
7.6
8.2
7.1
8.2
3.4
3.7
2.0
4.0
.5
.7
3.7
6.9
5.4
6.5
8.7
23.7
10.3
9.2
11.3
3.9
4.5
4.9
10.1
1.0
67.0
81.7
30.9
37.6
11.3
16.0
7.9
8.7
11.7
12.9
13.1
15.1
5.3
6.1
12.9
16.4
2.1
19.1
100.2
21.7
IM.O
46.1
53.3
21.1
25.5
10.1
10.7
14.9
17.1
17.3
19.6
7.3
8.3
20.2
21.4
3.2
4.3
24.9
27.0
128.2
136.5
59.1
54.1
29.1
30.7
11.6
12.2
18.5
21.2
22.7
24.0
9.6
10.7
23.3
22.2
5.3
5.5
22.9
23.8
23.3
28.0
29.1
135.1
132.6
130.7
54.1
63.3
64.2
30.8
30.4
30.3
12.5
13.1
13.9
20.8
30.9
20.1
24.4
24.9
24.9
11.1
11.5
11.8
19.9
17.8
15.3
70.0
68.7
21.9
22.6
32.8
34.4
133.7
131.3
56.6
55.7
30.8
31.0
U.7
15.2
21.1
19.4
24.6
23.9
12.1
12.0
13.7
14.1
7.3
85.9
85.8
64.6
62.5
21.4
23.3
35.8
37.3
130.7
129.7
65.8
65.5
31.6
32.2
15.5
15.6
18.6
17.6
22.8
21.2
12.0
11.5
13.6
14.8
7.8
7.9
252.8
257.2
32.4
85.7
63.0
66.8
19.3
18.9
38.3
39.4
132.2
132.1
65.6
66.3
33.1
33.8
15.7
15.5
17.8
17.0
20.5
20.1
11.6
11.4
15.8
16.8
8.0
8.1
1950- June
Dec
257.4
256.7
83.9
82.6
65.6
61.8
18.3
20.8
37.8
39.2
135.6
134.9
67.4
66.3
34.5
34.5
15.4
15.1
17.6
19.8
18.7
11.5
10.9
18.4
19.7
8.7
16.7
1951- June
Dec
255.3
259.5
81.4
85.4
58.4
51.5
23.0
23.8
41.0
42.3
132.9
131.8
65.4
64.6
34.5
34.7
14.6
14.4
15.3
15.5
17.1
16.5
10.2
9.8
20.1
20.7
9.4
9.6
1952- June
Dec
259.2
267.4
84.0
88.1
61.1
63.4
22.9
24.7
44.3
45.9
130.8
133.4
64.8
65.2
34.9
35.3
14.1
13.8
15.7
16.0
15.7
16.0
9.6
9.5
18.8
19.9
10.4
11.1
1953- June
Dec
266.1
275.2
83.5
89.6
58.8
63.7
24.7
25.9
47.5
48.3
135.0
137.3
55.1
54.8
35.0
36.7
13.2
12.7
16.8
15.4
15.0
15.9
9.5
9.2
18.6
21.5
12.0
12.7
1954- June
Dec
271.3
278.8
88.7
94.1
63.6
69.2
25.0
24.9
49.3
49.5
133.3
135.1
64.7
63.4
37.5
38.2
12.1
11.7
15.1
13.5
15.4
15.3
16.6
19.2
13.9
14.4
1955- June
Dec
274.4
280.8
87.1
86.8
63.5
62.0
23.6
24.8
50.5
51.7
136.7
142.3
55.0
55.0
39.3
40.1
10.9
10.2
14.8
14.8
15.0
14.6
8.7
8.5
18.8
23.5
14.7
15.1
1956- June
Dec
272.8
276.7
81.0
84.4
57.3
59.5
23.8
24.9
53.5
5<,.0
138.3
138.2
66.6
65.7
40.9
41.4
9.4
8.7
15.3
15.6
13.6
13.2
8.4
8.0
17.7
19.1
15.7
16.1
1957- June
Dec
270.6
275.0
79.2
56.2
59.5
23.0
24.2
55.6
55.2
135.9
136.1
65.5
83.7
63.6
41.5
41.5
7.6
6.6
15.4
15.4
12.7
12.5
7.9
7.6
16.8
18.6
16.9
17.0
1958- June
Dec
276.4
283.0
90.7
93.9
55.3
57.5
25.4
25.3
55.9
54.4
129.9
134.8
63.1
62.8
42.1
42.5
5.9
5.2
15.1
15.1
12.2
12.7
7.4
7.3
14.8
18.8
16.9
16.7
1959- June
Dec
284.8
290.9
87.6
86.9
61.5
60.3
25.0
25.6
54.6
53.7
U2.5
55.5
68.5
42.5
42.4
4.5
3.5
18.6
150.3
22.6
12.6
12.5
7.3
5.9
20.7
22.5
16.7
17.7
1960- Jan
Feb
March.
291.2
290.7
287.0
84.5
82.2
80.0
59.0
57.0
54.7
25.5
25.2
25.3
53.2
53.2
153.5
155.3
153.3
59.3
69.7
70.5
42.4
42.4
42.5
3.4
3.3
3.3
23.5
23.9
24.8
12.7
12.5
12.4
6.9
6.9
5.9
24.4
25.2
22.4
17.8
18.0
18.2
288.9
289.5
286.5
82.3
82.0
81.8
56.8
55.0
55.3
25.6
26.0
26.5
53.2
54.4
55.3
153.4
153.1
U9.3
69.9
59.6
69.2
42.5
42.5
42.5
3.2
3.1
3.1
24.2
23.9
23.6
12.3
12.2
12.0
6.8
5.7
5.6
23.1
23.7
20.7
18.0
18.0
18.1
Sept
288.5
288.8
288.6
84.2
84.2
85.6
57.4
57.5
58.6
26.9
26.8
27.0
54.8
55.9
55.5
149.4
148.5
147.4
68.8
68.5
68.7
42.6
42.5
42.7
3.0
3.0
2.9
23.2
22.9
23.1
12.0
12.0
12.0
6.5
6.6
6.5
21.1
20.4
19.3
17.9
17.7
17.4
Oct
Nov
Dec
290.6
290.6
290.4
88.8
88.7
89.5
61.4
61.2
62.1
27.4
27.5
27.4
55.0
146.9
146.4
145.8
67.5
67.5
66.8
42.7
42.8
42.9
2.9
2.8
2.7
21.9
21.9
21.2
11.9
11.9
11.9
6.4
5.3
5.3
20.1
20.6
19.7
17.3
17.2
17.0
1961-Jan
Feb
Mar
290.2
290.7
287.7
89.3
88.6
86.4
25.5
26.7
26.7
54.5
145.4
147.7
146.4
55.9
57.0
57.2
43.1
43.2
43.3
2.7
21.1
21.2
21.3
11.9
11.8
11.7
5.3
20.1
17.1
2.7
2.6
6.4
6.5
21.2
19.5
17.3
288.2
290.4
289.2
88.5
25.8
25.9
27.3
54.0
U5.7
55.5
56.1
145.8
55.7
55.6
43.4
43.5
2.6
2.5
2.5
20.8
20.6
20.7
11.6
11.6
11.4
6.3
5.3
6.3
20.0
20.6
17.2
17.1
17.3
Dec
.
April
.
.
.
.
.
May
June
.
.
.
July
.
.
.
Aug
April
.
.
June p
.
May
89.0
89.8
62.5
53.7
55.4
55.1
54
'.^
.
54.'""'
U3.3
Source:
Office of Debt Analysis in the Office of the Secretary.
1/ United States savings bonds, Series A-F and J, are included at
current redemption value.
2/ Securities issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treasury.
2/ Consists of commercial banks, trust companies, and stock savings banks
in the United States and in Territories and island possessions.
Figures exclude securities held in trust departments.
17.8
.2
'.3.6
1^
1^
8/
P
19.9
18.4
.5
.9
1.5
17.4
Includes partnerships and personal trust accounts.
Discontinued series. See savings bonds tables.
Exclusive of banks and insurance companies.
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.
Immediate postwar debt peak.
Preliminary.
Treasury Bulletin
b^
.TRElASDEr SDTOEI OF CUNERSHIP,
The monthly Treasury Survey of Ownership covers
securities Issued by the United States Government and
by Federal agencies.
Of all such seourltlee held by the
JTOffi
30, 1961.
associations were added to the Survey for June I960,
aopearlng In the September I96O Bulletin, together with
corresponding data for a few prior months.
respective classes of Investors In the United States, the
Holdings by commercial banks distributed according
banks and Insurance companies Included In the Survey
to Federal Reserve member-bank classes and nonmember banks
account for about 95 percent and the corporations nnd
are published for June 30 and December 3I.
savings and loan associations included In the Survey about
corporate pension trust funds are published for quarterly
Data for banks and Insurance companies were first
published for March Jl, l?"*!. In the May iglH Treasury
Bulletin.
Data for corporations and savings and loan
dates beginning with December 3I.
appeared In the March 195!* Bulletin.
half.
Section
I
-
19'*9.
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of all Securities
Holdings by
They first
September 1961
55
.THEASDRT SDWEI OF OHNERSHIP, JUNE 30, 1961.
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
Total
amount
outstanding
Insurance companies
6,279
commercial
banks
2/2/
512
mutual
savings
banks
2/
307
life
521 fire,
casualty,
and
narine
489
savings
and loan
associations
U. S. Govern-
489
corporations
ment investment accounts
and Federal
Reserve Banks
Held by
all other
investors
4/
Treasury bills:
Regular weekly:
July
October
1961
1961
September 1961.
December 1961.
21,510
7,205
3,461
1,194
100
46
66
83
6
20
57
17
2,774
877
2,008
707
12,960
4,338
Tax anticipation:
598
September
1961
1,503
291
July
October
January
April
1961.
1961.
1962.
1962.
1,501
1,502
1,502
2,000
180
233
302
717
36,723
6,379
7,829
5,509
1,U0
13,338
3,123
2,136
647
1,435
708
230
39
5
552
43
1,883
1,188
84
56
61
Total Treasury bills.
1,003
187
197
202
154
234
305
4,885
3,641
21,238
10
26
529
225
4,878
1,855
1,186
1,302
37
754
6,733
2,488
39
16
130
20
52
61
88
16
1,136
244
42
8
33
40
30
575
18
36
1
47
4,992
104
1,486
741
69
248
3,686
41
1,446
56
537
7
10
11
10
9
32
18
21
572
7
10
10
10
U3
86
165
738
740
Certificates of indebtedness:
3-1/8*
August
1961-C.
3
May
1%2-A.
Total certificates of indebtedness.
1,983
39
63
16
4
30
49
Treasury notes:
if
3-5/8
4
August
February
February
1%1-A.
1962 -A.
1%2-D.
50
697
February
May
August
1962-F.
1962-E.
1962 -B.
9,098
2,211
158
August
November
February
1962-G.
1962-C.
1963-A.
1,709
571
111
1,U3
47
4
52
94
24
2,839
2,037
33
10
63
35
11
68
1%3-B.
724
1,055
1,063
4
29
35
4
59
815
1963-D.
1963-C
1,743
2,753
3,011
72
3-1/4
4-7/8
May
May
November
58
155
23
9
84
61
31
34
29
841
154
668
1,485
3-3/4
4-3/4
May
May
95
96
98
5
74
24
19
18
16
15
152
54
53
27
Angnal
3,893
4,933
2,316
2,180
5
1964-D.
1964-A.
1964-B.
164
2,805
179
1,205
1,318
1,584
4-7/8
4-5/8
1-1/2
November
4,195
2,113
332
825
709
84
146
163
10
20
49
63
9
30
57
2,281
347
October
1964-C..
1965-A.
1961-EO.
839
744
128
1-1/2
April
October
April
1962-EA.
1962-EO.
1963-EA.
551
590
533
157
241
292
1-1/2
1-1/2
1-1/2
October
April
October
1%3-EO.
506
1964-EA.
1964-EO.
457
490
294
228
236
1-1/2
1-1/2
1-1/2
April
October
April
1965-EA.
1965-EO.
1966-EA.
466
3-1/4
3-1/4
3-3/4
2-5/8
4
1-1/2
1-l/fi
May
Total Treasury notes
7,325
593
315
35
15
2
3
5
2
2
6
14
U
1
53
15
11
103
5
392
40
16
203
183
150
148
133
128
111
136
30
72
1
3
12
19
41
30
61
68
61
3
2
26
178
199
41
24
6
95
24
67
76
34
1
17
6
10
69
48
11
56,257
18,373
1,343
321
1,025
613
3,%1
1,831
1,033
1,321
827
46
15
10
10
178
111
29
74
26
16
315
5
5_
2,227
15,879
16,477
328
117
16
284
459
377
w
1,083
U5
593
115
857
958
18
ICG
12
133
2,307
28
21
62
70
156
100
47
81
15
U6
4
171
497
11
7
Treasury bonds:
2-1/4
2-3/4
2-3/4
June
December
December
Septeaber
1959-62
1959-62
1960-65 13/.
1961
2-1/2
2-1/2
2-1/2
2-1/2
November
June
August
December
1%1
3
February
June
December
February
1964-69
1964-69
3
March
March
May
August
3-3/8
2-1/2
2-1/2
3-5/8
November
June
September
November
2-l/4!f
2-1/2
2-1/2
2-5/8
2-1/2
2-1/2
3-3/4
2,272
1,485
2,239
2
48
180
93
190
162
1
19
6,963
1,464
4,317
1,819
3,191
95
47
670
2,859
608
87
46
208
9
6
59
2,384
685
640
3,717
62
2
445
301
117
119
116
1965
3,854
2,638
2,557
6,896
34
313
77
129
1965-70
1966-71
1966
1966
4,689
2,928
1,213
1,484
448
160
542
164
68
269
692
832
35
50
804
750
8
26
37
62
25
65
1966
1967-72
2,438
1,777
2,716
3,604
1,407
53
132
134
86
39
112
136
56
17
110
693
69
86
147
6
175
316
683
1,U5
4
24
1962-67
1%3
1963-68
1964
l%7-72
1967
Footnotes at end of Table 4.
131
1,156
1,348
148
2
15
79
22
43
%
53
(Continued on following page)
U2
a7
28
212
1,065
497
106
413
778
1,085
725
807
1,635
1,306
740
60
134
1,347
843
358
359
885
1,075
Memorandum:
Held by
12,926
corporate
pension
trust funds
Treasury Bulletin
56
.TREASDRT SUHIfEI OF CWREKSHIP, JDHE 30, 1961.
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)
September 1961
57
.TREASURT SUHVKY OF OWNERSHIP, JUNE 30, 1%1,
Section
II
-
Intereet-Bearlng Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
{Par values - In millions of dollars)
Footnotes 1 through 11 on preceding page.
12/ Includes guaranteed securities ^rtilch are claeelfled as taxable
although a small indeterminate amount of the Federal Housing
Administration debentures is partially tax-exempt.
12/ The Treasury bonds of 1960-65 are partially tax-exempt
(see footnote 11).
Treasury Bulletin
5«
.TREASDRY SDHVEI - COM^ERCIAL BANK OWNERSHIP, JUNE 30, 1961.
The tablss whloh follow provide an analysis of the
security holdings of oonmerolal banks reporting In the
Treasury survey of ownership of securities issued by the
United States Oovemnent and by Federal agencies. The
figures show the total holdings distributed according to
Federal Reserve aenber-bank clasaes and nonaember banks.
Section
I
-
This analysis of oonmerolal bank ownership was first
publiAed in the May 1944 issue of the "Treasury Bulletin'
baaed on the survey data for Deoeaber 31, 1943.
It ha«
appeared at semiannual or quarterly intervals since that
time, and is now being published for the June 30 and
Deceober 3I survey data.
Interest-Bearing Securities Issued or Guaranteed by the United States Government
Table I.- Sunnary of AH Securities
(Par /alues
-
In millions of dollars)
September 1961
59
-TREASDEI SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1961.
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)
Federal Reserve member banis
Held by
6,279
cocmierclal
banks 1/
25 Central reserve city
4,025
member
banks
Total New
York City
and Chicago
15
New York
City
10
Chicago
203
reserve
city
3,797
country
Treasury bills:
Regular weekly:
July
October
1961 - September 1961.
1961 - December 1961.
Tax anticipation:
September
3,461
1,194
2,997
967
756
1,069
506
419
1961
291
264
65
63
1961
1961
1962
1962
180
233
U
211
87
890
258
1,140
304
125
74
Other:
July
October
January
April
Total Treasury bills
Certificates of Indebtedness:
1961-C
3-1/8% August
May
1962-A
3
Total certificates of indebtedness
Treasury notes:
August
Z%
February
3-5/8
i,
February
U7
24
717
32
71
172
76
85
115
261
10
2
44
89
47
191
263
672
47
280
102
131
6,379
5,603
1,971
1,526
445
1,763
1,869
1,140
1,983
1,041
1,843
427
614
378
509
50
105
394
783
220
447
3,123
2,885
1,041
155
1,177
124
44
302
1%1-A
708
554
1962-A
1962-D
230
552
179
413
1,883
1,188
84
33
72
100
21
20
23
22
13
137
33
33
132
293
103
248
1,636
1,061
70
324
300
254
284
71
16
2
730
440
582
322
12
55
335
22
271
17
229
64
29
692
229
855
510
233
739
191
320
409
327
334
409
609
158
86
1,009
296
139
4
August
1962-F
1962-E
1962-B
3-1/4
3-3/4
August
November
February
1962-G
1962-C
1963-A
1,709
571
2,037
1,536
485
1,852
258
May
May
1963-B
1963-D
1963-C
724
1,055
1,063
608
922
897
90
269
79
68
203
54
23
65
25
1964-D
1964-A
1964-B
2,180
204
19
29
139
65
593
315
1,822
472
253
2
16
28
1
731
583
66
84
59
1
31
15
53
371
44
206
1
19
276
317
46
2
3
63
100
92
109
102
3-1/4
February
4
May
2-5/8
4
3-1/4
4-7/8
November
3-3/4
4-3/4
May
May
2
5
5
August
4-7/8
4-5/8
1-1/2
November
May
1964-C
1965-A
October
1%1-EO
825
709
84
1-1/2
1-1/2
1-1/2
April
October
April
1962-EA
1962-EO
1963-EA
157
a;i
292
UO
2
215
256
62
1-1/2
1-1/2
1-1/2
October
April
October
1963-EO
1964-EA
1964-EO
294
228
236
270
202
212
68
22
31
46
27
22
10
4
1-1/2
1-1/2
1-1/2
April
October
April
1965-EA
1965-EO
1966-EA
178
199
41
161
189
37
26
20
20
6
82
15
5
4
»
4
104
23
53
55
9
18,373
15,823
2,518
1,913
604
6,326
6,979
1959-62
1959-62
1960-65 8/
1961
1,831
1,033
1,321
827
1,644
344
201
281
70
712
219
48
528
338
318
388
420
105
58
534
28
42
119
29
Total Treasury notes
Treasury bonds:
2-1/4* June
2-1/4
December
December
2-3/4
2-3/4
September
5
2
52
12
10
715
404
232
499
117
2-1/2
2-1/2
2-1/2
2-1/2
November
June
August
December
1961
1962-67
1963
1963-68
3,191
670
2,859
608
2,822
573
2,554
536
525
100
654
56
3
February
2,003
587
570
3,269
108
124
109
697
85
23
December
February
1964
1964-69
1964-69
1965
2,384
2-1/2
2-1/2
2-5/8
121
100
589
10
108
1965-70
1966-71
1966
1966
4-18
47
160
692
832
376
133
576
706
47
12
94
12
61
3
March
March
May
August
27
23
4
3-3/8
2-1/2
2-1/2
3-5/8
November
June
September
November
1966
1967-72
1967-72
1967
1,407
131
1,156
1,348
1,203
107
1,012
1,129
88
»
149
183
62
26
«
147
157
2
2-1/2
2-1/2
3-3/4
June
Footnotes at end of Table 4.
685
640
3,717
937
1,254
(Continued on following page)
59
31
3
33
<*
26
71
75
77
367
436
209
75
131
105
104
1,272
235
894
255
1,025
789
211
242
1,236
1,106
252
238
1,006
225
219
1,337
122
48
152
319
207
469
24
318
291
646
72
331
359
82
544
655
Treasury Bulletin
60
.TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1961.
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)
Federal Reserve neober banks
Held by
6,279
conmercial
banks 1/
25 Central reserve city
A, 025
member
banks
Total New
York City
and Chicago
15
New York
City
Treasury bonds - (Continued):
2-l/2»
3-7/8
A
3-7/8
4-1/4
3-1/4
4
3-1/2
December
Hay
October
November
1967-72
1968
1969
1974
May
1975-85....
1978-83
1980
1980
June
February
November
3
May
February
February
3-1/2
November
3-1/4
3-1/2
1985
1990
1995
1998
Total Treasury bonds
Guaranteed securltlee
^
Total public marketable securities
34
99
358
142
28
12
10
37
23
75
17
69
133
407
180
27
32
128
80
57
42
51
47
99
73
4
3
100
34
3
1
1
3
1
1
3
26
9
24
8
10
Chicago
203
reserve
city
3,797
country
2,254
nonnember
banks
September 1961
61
.TREASURy SDRVEI - COMMERCIAL BANK OWNERSHIP, JDNE
30, 1961,
Section
II -
Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
(Par values - In millions of dollars)
Federal Reserve member banks
Held by
6,279
commercial
banks 1/ 2/
Banjis
25 Central reserve city
4,025
member
banks
Total New
York City
and Chicago
15
New York
City
10
Chicago
203
reserve
city
3,797
country
2,254
nonmember
banks
for cooperatlyea:
2-7/8?
2-3A
2.70
August
October
December
(Debentures)...
(Debentures)...
(Debentures)...
1961
1961
1961
27
25
30
Total banks for cooperatives securities.
23
18
22
13
8
12
63
13
40
17
33
19
16
16
17
11
28
10
12
6
23
13
Federal home loan banks: 10/
2-3/4?
3
3.10
3
3
3-1/8
1%1
August
September
January
1961
1%2
February
March
April
1962
1962
1963
(Notes).
(Notes).
(Notes).
(Notes).
(Notes).
(Bonds).
Total Federal home loan bank securities.
44
32
39
17
17
7
24
1
1
6
27
2
1
8
26
78
46
21
66
6
1
1
278
223
58
12
10
42
4
9
84
Federal intermediate credit banks:
Debentures
264
26
19
83
Federal land banks: 11/
4?
3-3/8
4-7/8
3-1/4
3-5/8
2-3/4
4-1/2
4
4
4
3-5/8
3-1/4
4-1/8
4-1/2
September
February
May
August
October
February
May
1961
1962
1962
(Bonds).
(Bonds).
(Bonds).
1962
1962
1963
(Bonds).
(Bonds).
(Bonds).
April
October
1963
1964
1964
(Bonds).
(Bonds).
(Bonds).
October
December
February
1965
1965
1966
(Bonds).
(Bonds).
(Bonds).
May
1966
1967-72
1967-70
(Bonds).
(Bonds).,
(Bonds).,
February
October
4-1/4
4-3/8
4-5/8
Uarch
March
July
1968
1969
1%9
(Bonds).,
(Bonds).,
(Bonds)..
5-1/8
3-1/2
5-1/8
February
April
July
1970
1970
1970
(Bonds)..
(Bonds)..
(Bonds)..
3-V2
May
3-7/8
September
1971
1972
(Bonds).
(Bonds).
Total Federal land bank securities..
31
30
19
21
21
15
11
32
8
20
40
34
12
64
53
2
20
16
26
2
37
30
22
4
1
1
32
48
34
29
40
2
4
3
17
5
14
12
3
1
1
10
9
4
7
16
18
3
12
25
13
20
11
4
33
11
19
21
7
31
1
3
22
9
1
3
1
1
4
1
3
3
n
3
12
5
26
5
5
4
7
4
2
2
2
2
3
3
10
8
1
1
1
2
1
1
465
361
24
23
13
38
9
5
6
5
7
1
32
28
68
104
Federal National Mortgage Association:
Discount notes....
5-1/8? September 1961
3-1/2
February
1962
4-7/8
September 1962
15
1
8
8
11
1
(Debentures).
(Debentures).
(Debentures).
18
47
June
1963
1963
1964
1965
(Debentures).
(Debentures).
(Debentures).
(Debentures )
45
16
34
14
4-1/8
3-5/8
4-3/8
4-5/8
December
March
April
April
1966
1968
1969
1970
(Debentures).
(Debentures )
(Debentures).
(Debentures).,
21
14
4
10
5
4
3
2
4-1/8
4-1/8
5-l/8
4-1/4
September
August
February
June
1970
1971
(Debentures).,
(Debentures).,
(Debentures)..
(Debentures).
9
6
6
3-V4
4-1/8
3-5/8
4-3/8
March
November
May
1972
1973
Total Federal National Mortgage Association securities
Tennessee Valley Authority:
4.40!t
November
1985
Footnotes on preceding page.
(Bonds).
12
1
27
4
10
9
3
37
25
12
31
12
11
26
8
4
18
3
2
7
4
1
27
25
10
298
247
24
2
12
7
4
3
1
51
3
1
2
2
1
10
2
173
51
3
U
3
11
Trcasurij Bulletin
62
.MARKET QUOTATIONS ON TREASHRI SECURITIES, JUDf 31, 1961.
Current market quotations shown here are over-the-
public marketable securities issued by the United States
counter closing bid quotations In the New York market
for the last trading day of the month, as reported to
Oovernment except Panama Canal bonds. Outstanding
Issues which are guaranteed by the United States
the Treasury by the Federal Reserve Bank of New York.
The securities listed Include all regularly quoted
Government are excluded because they are not regularly
quoted In the market.
Table 1.- Treasury Bills (Taxable)
Amount outstand-
September 1961
63
.mRKET QUOTATIONS ON TREASURY SECURITIES, JUU 31, 1961.
Treasury Bulletin
61^
MARKET QUOTATIONS ON TREASURY SECURITIES, JULY 31, 1961
r
O
_l
UJ
September 1961
65
.AVHIAGE YIEIIIS OF LONG-TSSM BONDS.
Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
Annual series
-
1942.
1943.
1944.
1945.
1946.
1947.
1948.
2.46
2.47
2.48
2.37
2.19
2.25
2.44
2.83
2.73
2.72
2.62
2.53
2.61
2.82
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1953-Aprll.
May...
June.
2.97 2/
3.23
3.34
3.40
1956- April.
May...
June.
Treasury
bonds 1/
Moody' s Aaa
corporate
bonds
calendar year averages of monthly series
2.31
2.32
2.57
2.68
2.94
2.55
2.84
Monthly series
3.11
3.13
Moody's Aaa
corporate
bonds
Tree sury
bonds j/
-
2.66
2.62
2.86
2.96
3.20
2.90
3.06
1956.
1957.
1958.
1959.
1960.
3.08
3.47
3.43
4.08
4.02
3.36
3.89
3.79
4.38
4.41
4.01
4.08
4.09
4.23
4.37
4.46
4.47
4.43
4.52
averages of daily series
3.07
2.97
2.93
3.24
3.28
3.27
1959-April.
May...
June.
July
August ....
September.
3.28
3.24
3.29
July
August ....
September.
3.00
3.17
3.21
3.28
3.43
3.56
July
August ....
September.
4..11
2.98
October.
November.
December.
2.83
2.86
2.79 i/
3.16
3.11
3.13
October.
November
December.
3.20
3.30
3.40
3.59
3.69
3.75
October.
November.
December.
4.,11
4.,27
4.57
4.56
4.58
March
2.69
2.62
2.53
3.06
2.95
2.86
1957-January.
February.
March.
3.34
3.22
3.26
3.77
3.67
3.66
1960-January, .
February.
March
4.37
4.22
4.08
4.61
4.56
4.49
April.
May.
June.
2.48
2.54
2.55 2/
2.85
2.88
2.90
April.
May...
y
3.67
3.74
3.91
April.
May...
June,
3.32
3.40
3.58
June.
4.18 2/
4.16
3.98
4.45
4.46
4.45
July
September.
2.47
2.48
2.52
2.89
2.87
2.89
July
August ....
September.
3.60
3.63
3.66 2/
3.99
4.10
4.12
July
August ....
September.
3.86
3.79
3.84 2/
4.41
4.2B
4.25
October.
November
December.
2.54
2.57
2.59
2.87
2.89
2.90
October.
November.
December.
3.73
3.57 2/
3.30
4.10
4.08
October.
November.
December.
3.91
3.93
3.88
4.30
4.31
4.35
2.93
2.99
1958-January.
February.
3.02
March
3.24 2/
3.28
3.25
3.60
3.59
3.63
March
3.89
3.81
3.78
4.32
March
2.68 2/
2.78
2.78 1/
April.
May...
June.
2.82
2.81
2.82
3.01
3.04
3.05
April.
May...
June.
3.12
3.60
3.57
3.57
April.
May...
June.
3.80
3.73
3.88
4.25
4.27
4.33
July
August ....
September
2.91
2.95
3.06
3.11
3.13
3.36
3.60
3.67
3.85
July.
3.90
4.41
AijgMSt ....
September.
3.75
4.09
October.
November
December.
2.87
2.89
2.91
3.10
3.10
October.
November.
December.
3.76
3.70
3.80
4.11
4.09
4.08
2.88
2.85
2.93 J/
3.11
3.08
3.10
3.91 2/
3.92
3.92
4.12
,
.
1954-January.
February..
.
.
Au^st ....
.
.
1955-January.
February.
.
.
.
1956-January.
February.
.
March
3.02
J. 02
y
2.92
3.15
.
.
.
.
.
.
1959-January.
February.
.
Weekly series
1961-Febr\iary
3.U
3.20 2/
July
March
-
y
y
3.81
4.U
4.13
averages of daily series for weeks ending
.
.
February.
4.,26
y
4.,12
.
1%1-January.
4.,10
.
4.27
4.22
Treasury Bulletin
66
.AVSRAGE YIELDS OF LONG-TERM BONDS.
I?
I
til
^
Oi
V.
3
I
^
S
I
i
September 1961
67
INTERNAL REVENUE COLLECTIONS
Table 1,- Summary by Principal Sources
(In thousands of dollars)
Fiscal
year
or month
Corporation
income and
profits
taxes
69,685,535
59,934,980
55,288,692 i/
75,112,649 1/
80,171,971
21,594,515
21,546,322
18,264,720
21,298,522
21,530,653
37,254,519
37,921, 3U
37,869,770
42,633,425
46,510,293
11,403,942
10,735,578
10,395,480
11,321,966
12,302,229
21,132,275
22,077,113
21,253,625 i/
24,015,676
26,727,543
79,978,476
79,797,973
91,774,803
94,401,085
20,533,316
18,091,509
22,179,414
21,764,940
47,212,944
49,588,488
55,104,300
58,655,452
11,527,648
11,733,359
13,271,124
13,175,346
27,040,911
29,001,375
31,674,588
32,977,554
3,567,166
8,273,733
9,910,772
3,567,166
8,273,733
9,910,772
670,485
408,916
3,491,939
1,783,167
5,603,893
5,278,711
345,737
146,602
1,959,352
3,337,499
7,588,859
8,079,974
3,337,499
7,588,359
8,079,974
480,654
454,706
3,331,494
1,585,390
5,943,752
3,569,617
5,168,594
8,847,254
11,590,743
5,158,594
8,847,264
11,590,743
533,550
444,352
5,623,896
9,389,672
12,018,207p
6,623,896
9,389,672
12,022,815
1953
1954
1955
1956
1957
70,170,974
70,299,652
66,288,692
75,109,083
80,171,971
1958
1959
1960
1961
79,978,476
79,797,973
91,774,803
94,396,478p
,
1960-July,
Aug..
Sept
Oct.
Nov.
Dec,
1961-Jan.
Feb.
Mar.
Apr.
May..
June.
Individual income tax and employment taxes
Total collections reported
by Internal
Revenue Service
Budget
receipts from
internal
revenue
Adjustment of
collections
to budget
receipts 1/
+484,439
+364,572
-3,566
-4,608
-4,608
y
Individual
Income tax not
withheld 2/
Individual
income tax
withheld
y
Old-age and
disability
insurance }/
Railroad
ret irement
3,816,252
4,218,520
5,339,573 i/
5,336,805
5,534,467
628,
%9
Unemployment
insurance
505,221
500,106 i/
534,323
515,020
273,182
283,882
279,986
324,656
330,034
575,282
525,369
606,931
570,812
335,880
324,020
341,108
345,356
1,419,635
5,373,164
3,266,288
17,121
83,320
52,464
574
807
507
232,713
120,991
382,517
1,437,099
5,741,498
15,037
80,571
48,288
541
692
3,137,%5
5,798,9%
3,546,607
7,381,077
4,519,130
2,156,062
875,692
848,674
1,345,659
5,139,136
3,507,801
12,842
77,142
47,953
32,045
289,106
14,702
492,776
411,293
5,245,769
5,055,614
7,719,231
5,569,265
3,828,929
1,156,593
1,943,583
1,210,457
6,483,083
3,580,055
14,285
77,252
44,527
1,943
2,293
1,099
y
7,733,223
8,004,355
10,210,550
11,586,283
847
Treasury Bulletin
6S
.INTERNAL REVENUE COLLECTIONS.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
Fiscal Years
1946-1961
DOLLARS
Billions
1946
'48
50
52
Bttiiming
such
of
Am •< IM 3««ral«r r o( Am Tr«MMf
mm
1946
tif fisca/rtor I95S, inclinfs iiMlttritult<l dt^silat) rtctlpis
rwctlpts for tMCts* Ions Is Inctuddd und»r 'Office #jc/«# tOMS .*
-48
-50
52
54
56
and unopplitd calltchons. Tht ,Aolt amount a/
58
September 1961
69
.IHTERIJAL EEVENUE COLISCTIONS.
Table 2.- Detail of Excise Tax Collections
(In thousands of dollars)
Fourth qiiarter of fiscal
year ended June 30
—
Fiscal year
Type of tax
1961
1960
1959
(Apr. -June
1%0)
(Apr. -June
l%l)
Alcohol taxes: 1/
596,172
Distilled spirits
Wines
Beer
2,137,U9
2,292,425
100,369
800,921
2,3U,746
92, /W2
772,505
97,803
800,252
588,190
24,820
220,196
25,940
220,257
Total alcohol taxes
3,002,096
3,193,714
3,212,801
833,206
842,369
Cigars
Cigarettes
Other
51,101
1,738,050
17,665
50,117
1,863,562
17,825
49,604
1,923,540
17,974
13,206
488,443
4,804
508,9M
Total tobacco taxes
1,806,816
1,931,504
1,991,117
506,453
526,365
126,225
7,558
131,134
8,075
22
141,290
8,046
31,631
2,176
39,425
2,125
133,817
139,231
U9,350
33,811
41,554
Gasoline J/
Lubricating oil, etc
Tires, tubes, and tread rubber 2/
Passenger automobiles, chassis, bodies, etc
Trucks and buses, chassis, bodies, etc. j/
Parts and accessories for automobiles, trucks, etc
Badio and television sets, phonographs, components, etc
Refrigerators, freezers, air-conditioners, etc
Electric, gas, and oil appliances
Pistols and revolvers
Phonograph records
Uusical instruments
Sporting goods (other than fishing rods, creels, etc.)
Fishing rods creels , etc
Business and store machines
Cameras, lenses, film, and projectors
Electric light bulbs and tubes
Firearms (other than pistols and revolvers), shells
and cartridges
Mechanical pencils, pens, and lighters
Matches
1,700,253
73,685
278,911
1,039,272
215,279
166,23^
152,566
*0,593
62,373
2,028
20,540
2,370,303
74,296
279,572
1,228,629
236,659
188,819
148,989
55,920
64,483
1,549
22,823
18,113
518,787
22,058
78,975
431,475
79,047
46,134
40,386
14,748
17,518
520
6,782
4,390
530,331
17,515
63,135
252,298
54,310
46,930
33,744
11,675
5,589
93,894
24,288
29,401
2,015,863
81,679
304,466
1,331,292
271,938
189,476
169,451
50,034
69,276
1,986
24,324
18,023
13,611
5,836
99,370
26,234
31,762
13,909
8,444
5,262
Total manufacturers' excise taxes
Tobacco taxea: \/
12,696
4,755
Documentary and certain other stamp taxes:
Documentary stamp taxes Z/
Playing cards
Silver bullion sales or transfers
Total documentary and certain other stamp taxes
4_
3
Manufacturers' excise taxes:
—
U,443
U,710
3,1U
6,253
98,305
25,268
32,924
2,038
24,783
3,943
8,199
16,303
380
6,763
3,804
3,257
2,204
23,500
3,484
8,226
15,590
9,632
5,287
U,985
9,035
5,165
2,012
2,109
1,348
1,819
1,713
1,186
3,958,789
4,735,129
4,896,802
1,308,364
1,085,347
Furs
Jewelry , etc
Luggage , etc
Toilet preparations
29,909
156,382
61,468
107,968
30,207
165,699
62,573
120,211
29,226
168,498
68,182
131,743
6,944
32,583
11,153
26,875
6,991
32,871
12,976
29,024
Total retailers' excise taxes
355,728
378,690
397,649
77,555
81,863
,
W,590
Retailers' excise taxes:
Footnotes at end of table.
(Continued on following page)
.
70
Treasury Bulletin
INTERNAL REVENUE COLLECTIONS.
Table 2.- Detail of Excise Tax Collections
(Continued)
(In thousands of dollars)
Fourth quarter of fiscal
year ended June 30 -
Fiscal year
Type of tax
1%0
1959
1960
1%1
1961
(Apr. -June 1960)
Miscellaneous exclae taxes
:
AdiBlsalona to theaters, concerts, etc
Admissions to cabarets, roof gardens, etc
Club duea and Initiation fees
Toll telephone service, telegraph, cable, radio, etc.
wire mileage service, vire and equipment service....
General telephone service
Transportation of oil by pipeline i/
Transportation of persons
Transportation of property (including coal)
Use of safe deposit boxes
Coconut and other vegetable oils processed
Sugar
Diesel and special motor fuels J/
Narcotics and marihuana, including occupational taxes
Coin-operated amusement devices
Coin-operated gaming devices
Bovling alleys, pool tables, etc
Wagering occupational tax
Wagers
Use tax on highway motor vehiclea weighing over
26,000 pounds j/
Adulterated and process or renovated butter, filled
cheese, and imported oleomargarine
Firearms transfer and occupational taxes
^
^
^
Total miscellaneous excise taxes
Total received with returns and from sale of staaps....
Undistributed depositary receipts jj
Unapplied collections
Total excise taxes
"U
if
j/
34,494
49,605
67,187
36,679
33,603
64,357
7,883
12,385
19,536
312,055
426,242
50
255,459
72,268
99,705
12
59,347
579
1,940
46
3,670
560
6,084
343,894
483,408
387
264,262
1,306
6,581
89
91,818
88,856
1,107
5,535
18,375
4,317
641
6,682
1,607
20,323
23,268
474
1,938
5,448
1,381
196
1,493
32,532
38,333
45,575
3,954
4,062
2
2
44
2
45,117
64,813
292,412
398, Ce3
7,962
227,0W
U3,250
3,U0
6,142
1,689
86,378
52,528
969
5,888
11,006
3,403
566
6,221
6,378
389
89,856
71,869
1,076
5,348
U,989
29
20, U9
19,017
427
1,845
3,593
1,178
U5
8,616
7,861
18,686
87,444
U7,282
10
60,187
298
2,019
3
1
12
51
1,435,953
1,386,829
1,497,526
325,625
361,001
10,693,198
11,765,097
12,U5,245
3,085,OU
2,938,498
65,771
98,007
-81,639
39,801
26,961
580
1,637
696
-159
535
10,759,549
11,864,741
12,064,302
3,124,656
2,%5,994
Internal Revenue Service reports. See also Table 1.
The figures ahown include collections for credit to special accounts
for certain island possessions. Floor stoclES taxes are included with
the related classes of tsx.
Full detail on a monthly basis is available from the Internal Revenue
Service
Taxes on issuance and transfers of cspltal stock and of corporate
securities (bonds, debentures, etc.), deeds of conveyance, and
policies Issued by foreign insurers,
Beginning with the fiscal year 1957, collections reflect the provisions
of the Highway Revenue Act of 1956, approved June 29, 1956 (23
U. S. C. 120 note).
Source:
(Apr. -June 1961)
i/
^
^
2/
•
Repealed effective August 1, 1958, by an act approved June 30, 1958
(26 O.S.C. 4292 note).
The tax of 3 cents per pound, applicable to the first domestic
prooesslng of coconut oil and other vegetable oils, which was
suspended from October 1, 1957, through June 30, 1960, under the acts
approved August 30, 1957, and Hay 29, 1959, is further suspended until
June 30, 1963, under an act approved April 22, 1960 (26 U.S.C. 4511).
Excludes diesel fuel not for use in highway vehicles.
Amount of excise tax depositary receipts issued, less amount received
with returns and distributed by detailed class of tax.
Less than t500.
September i96i
.JCNETAEY STATISTICS
,
Table 1.- Money In Circulation
(In millions of dollBrs except per capita figures)
Paper money g/
End of fiscal
year or month
Total
money In
circulation 1/
Total
paper
money
Gold
certificates
Silver
certificates
Treasury
notes of
1890
United
States
notes
Federal
Reserve
Bank
notes
Federal
Reserve
notes
1954
1955
1956
1957
1958
29,922
30,229
30,715
31,082
31,172
28,127
28,372
28,767
29,040
29,071
35
34
33
33
32
2,135
2,170
2,148
2,162
2,200
320
319
318
321
317
25,385
25,618
26,055
26,329
26,342
180
163
147
133
1959
1960
1961
31,914
32,065
32,405
29,699
29,726
29,943
31
30
30
2,155
2,127
2,094
316
318
318
27,029
27,094
27,353
110
100
y
120
92
National
bani
notes
70
67
64
62
59
57
56
54
1960- Dec ember.
32,869
30,442
30
2,110
313
27,837
95
1961-January.
February.
March.
31,776
31,769
31,891
29,385
29,377
29,484
30
30
30
1,986
1,994
2,025
305
95
94
94
55
307
310
26,913
26,896
26,970
29,4U
June
31,830
32,197
32,405
30
30
30
2,043
2,100
2,094
314
317
318
26,878
27,157
27,353
93
92
92
54
54
54
July
32,477
30,002
.
April
May
.
29,752
29,943
V
30
5/
2,077
6/
27,434
2/
55
55
54
)
.
Treasury Bulletin
72
.MONETARY STATISTICS.
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
Gold
&id of fiscal
year or month
fine ounce)
1954
1955
1956
1957
Ratio of silver to
gold and silver In
monetary stocks
( In percent
Silver
(»1.29+ per
fine ounce)
(35 per
21,927.0
21,677.6
21,799.1
22,622.9
21,356.2
3,863.1
3,922.4
3,994.5
4,116.6
4,306.0
15.0
15.3
15.5
15.4
16.8
19,704.6
19,322.2
17,550.2
4,4U.l
1%1
4,394.5
4,346.5
18.3
18.5
19.9
1960-December
17,766.6
4,375.6
19.8
1961-January.
February
larch...
17,441.3
17,372.6
17,388.2
4,372.8
4,362.3
4,358.3
20.1
20.1
20.0
17,389.9
17,403.1
17,550.2
4,353.1
4,350.3
4,346.5
20.0
20.0
June. ...
July
17,526.9
4,343.8
19.9
1958
1959
1960
April.
.
Uay
Source:
Circulation Statement of United States Money,
silver monetary stock see Table 4.
For detail of
1/
See Table 3, footnote
Table 3.- Gold Assets and Liabilities of the Treasury
(in millions of dollars)
End of calendar year or month
19.9
3.
September 1961
73
.
MONETAHY STATISTICS
,
Table 4.- Components of Silver Monetary Stock
(In millions of dollars)
Silver held In Treasury
Silver
bullion
2/
Silver outside
Treasury
In Treasurer's account
Securing silver certificates l/
End of calendar
year or month
Silver
dollars
Subsidiary
coin 2/
Bullion for
recolnage
^
Bullion
at cost
195A
1955
1955
1957
1958
2,171.1
2,194.4
2,208.9
2,212.9
2,245.0
267.6
253.5
236.3
219.0
202.7
48.0
15.7
2.3
8.2
11.0
17.5
62.9
92.3
W.9
1959
1960
2,251.4
2,252.1
182.3
161.2
3.2
2,252.1
2,252.1
2,252.1
150.3
159.5
155.8
4.6
.
June ....
2,252.1
2,252.1
2,252.3
July
2,252.3
1961-January.
February
March.
.
April
May
1/
2/
1/
Subsidiary
coin j/
U8.3
223.1
235.4
252.2
269.3
285.4
1,242.7
1,283.2
1,338.2
1,402.6
1,446.2
3,886.6
3,930.1
4,054.1
4,185.4
4,362.5
127.4
88.2
305.5
326.5
1,513.4
1,576.0
4,382.7
4,375.6
9.0
85.8
79.5
73.9
327.4
328.2
331.8
1,575.7
1,575.7
1,578.9
4,372.8
4,362.3
4,358.3
153.1
152.4
149.2
7.9
11.2
67.0
60.4
4.7
55.6
334.5
335.2
338.4
1,587.8
1,594.3
1,603.9
4,353.1
4,350.3
4,345.5
147.2
6.7
53.5
340.4
1,605.3
4,343.8
2.6
5.3
Circulation Statement of United States Money; Office of the
Treasurer of the United States.
Valued at $1.29+ per fine ounce.
Includes silver held by certain agencies of the Federal Government.
Source:
Silver
dollars
Total
silver
at tl.29+
per fine
ounce
2/
^
Valued at $1.38+ per fine
Valued at $1.38+ per fine
to whether the bullion is
coins or for recolnage of
ounce.
ounce or at $1.29+ per fine ounce according
held for recolnage of subsidiary sliver
standard silver dollars.
6
...
8
C
.
Treasury Bulletin
7^
,
MONETARY STATISTICS
Table 5.- Seigniorage
(CuiDUlatlve from January 1, 1935 - In mllllona of dollars)
Sources of seigniorage on silver bullion revalued j/
End of calendar
year or month
1935
1936
Seigniorage
on colne
(silver and
minor) g/
18.5
Newly mined silver
Uisc. silver
{incl. silver
bullion held
June U, 1934)
chase Act
Nationalized
silver
of June 19,
1934
(Proc. of
Aug. 9, 1934)
Sllirer Pur-
Proclamation
of Dec. 21,
1933
^
Total
seigniorage
Acts of
on silver
July 6, 1939,
and July 31, 1946 revalued
^
16.8
48.7
48.7
48.7
48.7
48.7
226.2
302.7
366.7
457.7
530.7
34.5
34.7
34.7
34.7
34.7
58.0
74.9
87.3
562.7
580.4
584.3
584.3
584.3
34.7
34.7
34.7
34.7
34.7
87.6
87.6
87.6
87.6
87.6
25.7
48.3
63.6
65.3
36.
Potent la 1
seigniorage on
silver bullion
at cost in
Treasurer's
account 2/
326.2
422.1
508.1
616.0
705.6
274.9
397.5
541.6
758.8
950.6
,055.8
,089.0
,048.2
967.3
717.3
1939
46.1
63.7
69.5
91.7
1940
1941
122.2
182.1
1942
1943
1944
245.7
299.6
362.3
48.7
48.7
48.7
48.7
48.7
65.4
759.4
799.7
818.9
820.6
820.7
1945
1946
1947
1948
1949
429.5
491.9
520.5
559.2
578.7
48.7
48.7
48.7
48.7
48.7
701.6
832.1
832.1
832.2
833.6
34.7
34.7
34.7
34.7
34.7
87.6
87.6
87.6
87.6
87.6
65.5
66.5
74.5
84.6
93.5
938.1
1,069.6
1,077.6
1,087.8
1,098.1
333.2
161.2
1950
1951
1952
1953
1954
1955
5%.
48.7
48.7
48.7
48.7
48.7
48.7
833.7
833.7
833-7
833.7
833.7
833.7
34.7
34.7
34.7
34.7
34.7
34.7
87.6
87.6
87.6
87.6
87.6
87.6
104.7
642.3
694.2
742.2
792.9
807.0
125.4
134.7
1,109.3
1,119.2
1,130.0
1,139.3
U3.8
1,U8.4
111.7
81.9
57.2
34.9
6.6
150.8
1,155.4
U.3
839.6
890.3
932.0
981.6
,038.5
48.7
48.7
48.7
48.7
48.7
833.7
833.7
833.7
833.7
833.7
87.6
87.6
87.6
87.6
87.6
155.2
156.4
166.0
167.9
167.9
1,159.8
1,161.0
1,170.6
1,172.5
1,172.5
lU.O
1,041.0
1,043.7
1,047.8
48.7
48.7
48.7
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
70.0
65.2
60.8
1,053.3
1,061.0
1,065.2
48.7
48.7
48.7
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
1,068.4
48.7
833.7
34.7
87.6
167.9
1,172.5
1937
1938
1956
1957
1958
1959
1%0
1961-J8nuflry.
February.
Ilarch
April
Usy
June p.
July p.
.
.
Source;
Bureau of Accounts.
These items represent the difference between the codt value and
the monetary value of silver bullion revalued and held to secure
silver certificates.
2/ Total of seigniorage on coins end on newly mined silver, beginning
i/
j/
4.2
1U.6
146.
129.9
127.2
50.0
72.9
98.3
70.8
44.0
with that for July 1959, is included under coins; the breakdown Is not available after June 1959.
The figures in this column are not cumulative; as the amount
of bullion held changes, the potential seigniorage thereon
changes.
Preliminary.
p
September 1961
75
.INTERNATIONAL FINANCIAL STATISTICS.
Table 1.- U. S. Gold Stock, and Holdings of Convertible Foreign
CurrencleB by U. S. Monetary Authorities
(In millions of dollars)
End of calendar year or month
Treasury
Total 1/
Foreign
currency
holdings
1953
1954
1955
1956
1957
22,030
21,713
21,690
21,949
22,781
22,091
21,793
21,753
22,058
22,857
1958
1959
1960
20,534
19,456
17,767
20,582
19,507
17,804
17,441
17,373
17,388
17,480
17,412
17,433
17,435
17,451
17,603
175
165
June ....
17,390
17,403
17,550
July
August p
17,527
17,451
17,590
17,530
105
1961-January.
February
March.
.
April
May
l/
Includes gold In Exchange Stabilization Fund, which is not included
in Treaaury gold figxires shown in "Circulation Statement of United
States Money." See "Monetary Statistics," Table 3.
2/
P
To be published in following issue.
Preliminary.
25
1S6
2/
.
Treasury Bulletin
76
.
CAPITAL MDVatENTS
Data relating to capital movementB between the United
States and foreign countries have been collected since
19?5. pursuant to Executive Order 6560 of January 15, 193**.
Executive Order IOO73 of February 8, 1949, and Treasury
Information on the
regulations promulgated thereunder.
principal types of data and the principal countries Is re-
ported monthly, and Is published regularly In the "Treasury
Bulletin."
Supplementary Information Is published less
frequently.
Reports by banka, bankers, securities brokers
and Industrial and commercial concerns In the
and dealers,
United States are made Initially to the Federal Reserve
Banks,
which forward consolidated figures tc the Treasury.
Beglnrlng April
195'*,
<3ata
reported by banks In the Terri-
tories and possessions of the United States are Included
The
all
tern,
"foreigner" as used In these reports covers
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,
izations.
maturities.
and International organ-
"Short-term" refers to original maturities of
one year or less,
and "long-term" refers to all other
A detailed discussion of the reporting cov-
statistical presentation, and definitions appeared
erage,
In the June 195** Issue of the "Treasury Bulletin,
'*5-'*7.
In that
"
pages
As a result of changes In presentation Introduced
Issue,
The first three sections which follow are published
monthly.
tries,
They provide summaries, by periods and by coun-
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 six tables
which appear at less frequent Intervals. Table 1, shortterm foreign liabilities and claims reported by nonf Inanclal 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,
published data.
In the
will be exactly comparable to those now presented.
and Table
3,
estimated gold reserves and
dollar holdings of foreign countries and International
institutions, are publl.shed quarterly In the March, June,
September, and December Issues.
Table
>*,
foreign credit
and debit balances In brokerage accounts, appears sexl-
annually In the March and September issues. Table 5,
short-term liabilities to foreigners in countrleB and
areas not regularly reported separately by banking Institutions, is presented annually, appearing in the A^rll
issue through I958 and In the March Issue thereafter.
Table 6, purchases and sales of long-term securities by
foreigners during the preceding calendar year, also appears
annually, beginning with the May 1959 issue.
not all breakdowns previously published
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 United States)
September 1961
77
.CAPITAL MOVMENTS.
Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
.
Trcasurii Bulletin
78
.CAPITAL MDVaiENTS.
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 stocks
Foreign bonds
Calendar year
or month
Net
purchases
Total
purchases
Net
Purchases
Total
sales
purchases
Net purchases
of foreign
securities
1943
1944
1945
446.4
372.2
225.3
347.3
74.2
89.0
-29.2
23.3
26.6
318.1
37.3
22.1
54.8
-17.5
4,008.2
220.5
469.6
340.9
355.4
1946
1947
1948
1949
1950
755.9
658.7
211.6
321.2
589.2
490.4
634.3
291.4
311.5
710.2
265.5
24.5
-79.8
9.8
-121.0
65.2
57.1
81.7
88.8
173.8
65.6
52.6
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
556.1
676.8
388.2
382.3
908.4
1951
1952
1953
1954
1955
1956
1957
1958
500.4
495.3
542.5
792.4
693.3
606.5
699.0
889.0
801.0
677.4
621.5
841.3
509.4
991.5
1,392.0
1,915.1
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026.1
272.3
293.9
310.1
393.3
663.6
749.2
592.8
467.2
348.7
329.6
303.4
644.9
877.9
875.2
621.9
803.7
-76.4
-35.8
6.8
-251.6
-126.1
-29.1
-366.4
772.7
789.1
852.7
1,185.8
1,356.9
1,355.7
1,291.8
1,356.2
1,149.7
1,007.0
924.9
1,486.1
1,387.3
1,866.8
2,718.8
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
1959
1960
945.6
882.9
1,457.6
1,445.0
-512.0
-562.1
566.1
509.1
803.8
591.7
-237.7
-82.6
1,511.7
1,392.0
2,261.5
2,036.7
-749.7
-644.7
-43.8
-28.3r
-48.0
53.1
38.5
58.1
51.5
1.6
-24.5
-33.0
107.1
84.1
100.9
U9.3
-42.2
63.0
91.1
136. 8r
181.9
-52. 8r
50.2
-46.1
-38.7
-20.0
93.8
115.6
111.6
193.5
218.1
159.0
-99.7
-102.5
-47.3
-18.5
80.9
162.8
-82.0
n.a.
n.a.
1935-il
19«
3U.3
1961-January.
February.
March
.
April
54.0
45.6
42.8
June p.
.
43.6
58.7
59.7
July p.
.
47.7
May
Not available.
Preliminary.
Revised.
n.a.
n.a.
n.a.
n.a.
n.a.
97.8
73. 9r
90.8
n.a.
n.a.
19.8
97.2
122.5
87.0
-53.5
-63.8
-27.3
56.9
52.0
96.3
95.6
72.0
111.2
-63.5
33.2
51.6
n.a.
n.a.
3.5
4.5
-2U.3
3,152.6
227.9
391.9
247.4
402.1
855.5
-7.4
77.7
93.5
-46.6
265.1
39.0
-94.8
27.8
2,0U.0
-U5.4
-81.0
September I9bl
79
.CAPITAL
mmtsms.
Section II - Sumraary by Countries
Table 1.- Short-Term Banking LlabllltleB to Foreigners
a/
(Position at end of period In millions of dollars)
1961
Calendar year
Country
1958
1960
Europe:
Austria
Be}£lum
Czecboslovakia ..............
Demaark
Finland
3^8.9
130.2
.7
.6
.7
112.5
64.5
168.8
68.8
136.5
70.9
France
,,
Geimany, Federal Republic of
Greece
Italy
Netherlands
353.7
1,557.2
153.5
1,078.6
202.5
532.1
1,754.7
126.3
1,120.8
338.7
655.3
1,987.3
186.3
1,370.3
485.2
93.4
129.6
4.9
163.0
95.5
4.0
137.5
Norway
Poland
Portugal
Rumania
Spain
Sweden
Arltzerland
Turkey
n.s.s.R
United Kingdom
Yugoslavia
Other Europe
Total Europe
Canada
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
3.2
1A2.1
411.2
115.1
331.4
138.1
.8
.9
.9
24.3
36.2
86.1
260.3
967.0
18.3
1,275.4
303.4
851.9
20.1
2.2
872.9
212.5
969.3
30.7
2.6
989.6
10.6
343.7
9.5
676.1
6.2
575.7
7,U1.
7,707.9
8,472.6
1,623.0
2,019.2
2,198.0
136.8
26.3
132.2
75.1
152.9
U9.8
22.2
138.1
100.0
168.8
336.8
24.4
150.7
184.5
216.8
286.5
39.7
41.6
418.2
163.8
36.9
37.1
442.4
.7
Cuba
235.0
Dominican Republic..........
Guatemala
Mexico
Netherlands Antilles and
Surinam
53.6
65.4
386.3
73.4
79.4
87.8
Panama , Republic of
Peru
El Salvador
Uruguay
Venezuela ...................
Other Latin America
,
136.0
59.9
27.2
55.1
835.3
124.4
146.3
77.1
26.2
82.4
494.1
133.0
129.2
82.2
2,575.1
2,403.4
2,407.5
36.3
69.7
82.4
150.7
36.0
61.6
77.3
108.4
42.7
35.8
60.0
1U.3
Total Latin America
Asia:
China llBinland......,.,..,..
Bang Kong
India
Indonesia
Iran
55.3
28.0
61.5
276.9
U8.3
138.6
46.6
Israel
Japan
Korea , Republic of
Phillppinea
Taiwan
52.2
585.7
117.0
174.5
85.8
55.9
935.1
86.5
1,285.1
U5.5
M7.6
176.3
98.7
171.5
94.1
Thailand
Other Asia
156.5
380.2
133.3
334.6
141.2
458.3
Total Asia
1,946.3
2,205.3
2,779.6
78.9
110.5
31.3
20.3
48.7
162.1
Other countriea:
Australia
Congo, Republic of the 2/,,,
Egyptian Region - U.A.R. 2/Union of South Africa
All other
Total other countries
International .....
Grand total
84.8
39.3
40.1
37.6
153.0
16.2
29.6
124.9
354.7
279.3
29.8
1,517.3
1,544.0
15,158.3
16,159.1
January
February
March
April
May
June p
July p
Treasury Bulletin
so
CAPITAL MOVIMENTS
.
Section II - Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners^
(Position al end of period In millions of dollars)
1/
^
3/
Excludes convertible currencies held by U. S. monetary authorities.
Foroerly Belgian Congo.
teta on claims on the Syrian Region - U.A.R. are not available
separately, but are included in "Other Asia."
Less than 150,000.
Preliminary.
September 1961
«i
.CAPITAL MDViMENTS.
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
Country
by foreigners or
a
net outflow of capital from the United States)
. .
:
.
.
Treasurii Bulletin
62
.CAPITAL MOVBffiNTS.
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 fron the United States)
1961
Calendar year
Country
1959
1958
1960
Uay
April
June p
January
February
March
130
-1,298
-9
256
1,909
-1,108
15
-2
-637
1,510
5a
-7,165
-4,997
77
-2,820
-411
339
-5,192
-2,134
-1,5U
-3,%2
-12,093
-1,949
Europe:
Austria
Belgium
Czechoslovakia
Dennark
Finland
France
Gerosny, Federal Republic of.
Greece
Italy
Netherlands
Norway
Poland
Portugal
2,402
602
3,387
288
17,602
203,837
885
4,585
-8,641
9,065
-4
358
-18,018
21,299
-3
3,256
5,102
-137
7,500
U,385
-13,630
5,021
177
3,282
18,912
99,082
-912
7,345
-234,089
-93,465
47,539
-552
-35,375
-32,383
10,325
-41,730
-1,564
26,968
-87,643
-2,658
-600
-3
557
-7,222
48
337
-3
29
-12,119
-7,882
-103
-2,418
-3,790
-2,561
-1
-682
-3,539
-16,325
-7
3,513
1,449
-6,819
-1,066
280
2,434
1,768
-15,962
1,845
414
-22
9
17
178
62
-7
-530
-624
-243
-57
-48
-518
-7,218
6
-630
-2,503
13
344
-22
-363
-1,607
670
-1,675
197
-587
-1,466
-3,836
8
2
3
1,595
1,911
1
-5
RiflDanla
Spain
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
66
-57
-739
1,409
-17
519
17
691
92,200
-16
-10,643
51,384
336
5,271
-5,871
102
-364
-6,916
-1
3,909
-27,801
17,726
-1,384
-7,147
-26,268
500
5,348
500
-35,339
-797
-49,714
-117,320
-27,424
27,9«
Yugoalavla
Other Europe
-35,745
Total Europe
231,066
Latin America
Argent ina
Bolivia..
Brazil...
Chile
Coloabia
Cuba
DoBLinican Republic
Guateiaala
Uexico
Netherlands Antilles and
Surinam
35
-492
-;,29Qr
-996
3,365
-1,692
3,296
1,774
-5,019
30,261r
-23,535
-8,554
-24,873
-18,231
-6,459
-42,150
-55,097
-49,731
-23,475
-552,227
-543,274
-443,009
-195,849
-5,060
-370
292
8,697
913
3,339
-442
69
3,154
-369
-16
5,864
631
4,168
802
100
583
625
107
-136
6
178
177
2,421
-92
24
7,804
2,291
2,437
12
-3
-10
649
163
16
-152
-588
10
-22
-80
-60
17,060
-5,551
614
33
75
16
21
507
2U
-673
806
-350
-14
13,488
4,979
812
47
12
3
12
73
124
-8
5
-101
24,420
183
2
-53,597
3
-2,463
132
15
-315
2
-2,194
3,235
74
-963
-U4
699
3
-]
9
-43
176
1,547
1,790
3,492
90
271
784
42
Panama, Republic of.
Peru
El Salvador
Uruguay,
.^
Venezuela
./....
Other Latin America.
106
-2,310
-72
-1,642
-8,045
95
-13,669
-443
-703
3,532
253
-10,266
-3,599
-134
2,443
1,913
1,321
-4,905
-34,435
-1,760
-1,080
-3,034
688
-26,634
115
-165
U6
-17
-41
1,647
-138
-454
-49
973
13
22
-8
-8,280
-100
201
-4,120
-512
152
-1,214
-80
309
-22,479
-618
-656
-2,100
-813
-210
Total Latin America.
15,109
4,858
11,245
-107,431
-7,085
-26,469
-373
-20,088
-5,544
3,122
59
28,318
-50
-52
1,513
-15
26
-2,117
-1,198
-247
-68
-1
-U9
1
70
-4
-118
10
42
1,015
15,283
151
24
-30
-50,564
677
10
659
-25
-46,677
598
-50,536
-32,736
-48,113
763
-7,168
2,680
-4,889
-5,538
-3,376
-15,165
-3,537
-18,935
-6,225
15,958
-693
-52
1,782
1,879
-3
-16
-370
Thailand
Other Asia
-525
-9,874
-185
-27,167
-955
-29,326
4,939
Total Asia
-45,188
i,843
-96,654
-40,627
-5,697
6,051
283
-308
5,633
1,221
-44,434
-16,099
-18,166
-43,094
-16
4,490
8,535
-1,869
-711
-6
12,880
-U9,625
-15,015
-36,444
3,775
International
-383,783
-557,576
-156,583
-U7,046
Grand total
-722, U3
-1,362,532
-749,730
-644,717
.
.
Asia:
China Uainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea , Republic of
Philippines
Taiwan
-103
U,490
72
-5
3
19
595
2
-3,126
310
14
9
-453
-490
553
2
-43
-10
-3,546
-10; 547
-18,688
-22 ,401
9,217
-1,118
6
-358
-780
-2,056
-428
-20
339
4
-402
-304
2
-799
260
1,235
-15,387
- 102,494
-47,34"
33
Other countries:
/oistra lia
Congo, Republic of the _!/...
Egyptian Region - U.A.R. £/.
Union of South Africa
All other
Total other countries.
1/
2/
-66,917
-22,175
-6
-356
9,067
-5,554
Formerly Belgian Congo.
Data on transactions by the Syrian Region - U.A.R. are not available
separately, but are Included in "Other Asia."
2
-42,238
-3U
-884
-1,560
-15
U,862
-2,825
2,773
52,757r
-80,990
p
r
Preliminary,
Revised.
-2,595
September I9bl
83
CAPITAL MDVaJEMTS
Table
1.
Section III - Preliminary Details by Countrlee
Short-Term Banking Liabilities To Forelffners as of July 31, 1961
(Position In tbotiBands of dollars)
ik
Trcasurij Bulletin
.CAPITAL UDVaiENTS.
Table 2.-
September 1961
«5
CAPITAL MDVaiENTS
Section III - Preliminary Details by Countries
Table 3.- Purchasep and Sales of Long-Term Securities by Foreigners During July
(In thousands of dollars)
1
961
..
,
..
.
Treasury Bulletin
S6
.CAPITAL MOVEMENTS.
Section IV - Supplementary Data by Countries
Table 2.- Long-TermVLlabllltlee to and Claims on Forelgnere Reported by Banks and Bankers
(Position at end of period In thousands of dollars)
Liabilities to forel^ers
Country
June p
Septeobe:
June
Claims on foreigners
1960
1961
»:50
September
June
1961
December
June p
Europe:
Austria
Belgium.
Denmark.
Finland.
France.
125
Germany, Federal Republic of.
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland.
Turkey
United Kingdom.
.
Yugoslavia
Other Europe.
.
3
771
534
2,392
29,487
3,338
3,255
13,219
5,305
28,054
15,259
1U,853
1,500
837
1,500
300
300
608
3,000
439
3,000
272
2,500
2,300
2,200
.
Total Europe.
2,222
24,524
3,355
3,534
19,979
2,700
3,299
6,305
5,876
4,981
Cuba
Dominican Republic...
Guatemala
10
377
558
23,235
4,038
37,052
13,608
144,565
34,989
8,911
20,340
13,527
154,155
2,700
4,845
32,373
1,547
2,700
4,547
38,809
2,226
2,400
2,768
39,826
7,388
82
62
12,843
327
8,983
1,217
7,595
1,847
7,859
1,670
8,337
1,473
5,602
308,672
327,625
366,599
371,702
397,242
75,525
62,615
260,072
64,900
107,153
34
118,417
35
198,637
42,167
24,848
209,611
42,065
26,898
233,674
42,452
25,710
112,477
11
203,316
34,858
25,643
96,230
11
204,034
32,392
26,691
40,983
19,926
1,512
7,639
197,734
948
1,077
7,741
182,001
899
600
9,400
174,977
894
150
10,271
195,924
2,236
207,085
38
2,05c
2,950
3,438
3,600
2,621
30,300
12,097
311
441
189,793
65,442
23,596
11,394
280
596
180,259
75,717
20,856
12,443
280
593
189,736
72,409
865,535
37
U7
93
44
22
100
23
41
900
40
1,073
159,578
57,954
1,673
1,733
875,883
910,153
913,880
857,623
191
125
1,541
19,166
54,900
12,426
2,135
1,320
21,934
38,250
13,848
348
19,445
44,410
13,382
10,226
19,569
40,650
Japan
Korea
Philippines.
Taiwan
14,007
21,096
19, U9
Thailand
Other Aala..
20
20
Total Asia..
278
278
541
954
2,3W
15,264
30,546
9,242
215
371
189,850
64,407
Total Latin America.
U8, 528
82
31,290
9,419
227
il
100
48,821
8,020
22,791
32,205
29,049
1,962
Uellco
Netherlands Antilles
and Surinam
Panama, Republic of.
Peru
El Salvador
Uruguay
Venezuela
Other Latin America.
19
1
21,851
4,476
29,714
6,109
128,390
7,4U
28,093
6,185
2,870
15,807
3,708
44,092
8,205
62
11,062
96,871
19
7,506
30,519
5,623
3,381
17,457
1,708
5,723
33,081
314
82
28,150
88,297
latin America:
Argentina.
Bolivia...
Brazil
Chile
Colombia.
19,205
2,868
35,106
7,091
5,242
20,460
Asia:
Hong Kong.
India
Indonesia
Iran
Israel.
.
258
.
6,166
190
191
125
Total other countries.
j/
2/
9,250
17,933
18,954
875
Other countries:
Australia
Congo, Republic of the 2/...
Egyptian Region - U.A.R. 3/.
Union of South Africa
All other
Grand total.
16,685
40,500
13,127
8,678
U,234
3,U6
4,133
7,450
Ihvlng a maturity of more than one year from date of issuance;
excluding long-term securities.
Formerly Belgian Congo.
7,741
6,839
7,013
300
15,570
15,860
392
U,075
ao
7,098
2,755
6,528
2,452
8,244
2,361
6,026
2,222
6,026
1,656
120,194
113,089
134,072
126,136
120,593
25,521
39,778
3,173
58,936
78,850
26,538
40,928
4,469
57,537
80,692
27,708
39,728
4,810
60,985
75,075
22,272
36,888
4,445
61,465
72,683
21,756
38,088
4,445
63,469
75,590
892
206,258
210,164
208,306
197,753
203,348
1,599,304
1,625,931
1,698,382
1,615,829
1,846,790
Data on liabilities to and claims on the Syrian Region - U.A.R.
are not available separately, but are Included in "Other Asia."
Preliminary.
September 1961
«7
,
CAPITAL MOVEMENTS.
Section IV - Supplementary Data by Countries
Table 3.- Estimated Gold Reserves V and Dollar Holdings of Foreign Countries
and International Institutions
.
,
Trcasuni HuUetin
gg
CAPITAL MOVaiENTS
.
Section IV - Supplementary Data by Countries
Table 4.- Foreign Credit and Debit Balances In Brokerage Accounts
(Position at end of period In thousands of dollars)
Debit balances (due from foreigners)
Credit balances (due to foreigners)
Country
December
1957
December
1958
December
1959
December
1960
June
1961 p
December
1957
December
1958
115
151
December
1959
December
1960
June
1961 p
Europe:
Austria
Belgium
Czechoslovakia.
Denmark
Finland
68
1,261
16
2
'7
France
Genaany, Federal Republic of.
Greece
Italy
Netherlands
3,825
337
W5
90
1,302
3,840
Norway
Poland
Portugal
Rumania
Spain
245
Sh/eden
247
657
35
764
75
1,736
8
299
69
2,280
79
2,759
uo
185
2,211
330
73
8
137
2,156
%
57
680
259
57
307
587
529
151
3,597
2,270
1
357
9
338
7,034
Til
124
772
6,527
3,699
1,942
129
1,005
5,552
5,284
1,693
207
1,130
6,758
7,998
3,304
145
1,831
3,8U
290
837
434
2,194
2
1,185
37
1,210
1,283
1,750
2,328
383
1,097
1,167
15
13
449
950
7
1,575
356
42,304
541
42,758
11
1
2,821
1,136
488
847
7%
3,234
2,169
505
1,259
594
856
497
5,933
3,183
642
2,445
2,274
870
668
992
42
397
18
64
148
178
413
410
512
655
900
38
439
17, 5U
26
115
13,982
81
95
18,157
39
382
11
478
465
5
Switzerland.
Turkey
U.S.S.R
United Kingdom.
28,5%
236
41,151
11
16
32
25
315
43,528
13
13,386
9,087
6,209
8,290
9,191
9,684
5,992
8,890
9,895
7,983
Yugoslavia
Other Europe...
22
1,121
11
1,511
11
851
10
766
10
893
136
517
1
1,823
374
382
7
612
55,970
73,959
67,520
73,981
78,521
26,789
30,657
38,081
34,509
9,9M
11,736
13,161
13,467
16,635
8,882
12,691
12,491
1,282
169
1,260
773
428
1,303
138
1,356
1,046
336
1,202
1,457
1,246
11
1,477
356
338
355
74
658
893
58
805
139
632
660
1,025
50
2,070
684
3,046
5,877
43
123
2,634
176
164
6,557
55
8
35
1,272
1,431
693
1,699
3,726
210
524
5,504
509
7
5,750
3,036
519
21,477
Total Europe.
.
Canada
Latin America:
Argentina.
Bolivia
Brazil
Chile
Colombia .
.
.
.
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles 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
Thailand
Other Asia
Other countr ies:
Australia.
Congo, Republic of the i/
Egyptian Region - U.A.R. 2/
Union of South Africa
All other
Total other countries.
55
1,668
769
539
i/
^
Formerly Belgian Congo.
Data on the Syrian Region
included in "Other Asia."
3
43,
%8
18,583
957
156
558
1,207
736
21
930
848
160
M3
736
1,266
208
6,555
70
2,403
170
35
4,583
42
5,102
240
470
43
4,779
221
527
2,553
2,326
4,087
2,213
444
3,863
489
1,768
1,851
847
5
4
3,420
276
2,877
4,058
237
1,908
2,305
154
2,161
540
16
1,905
1,852
469
18,836
25,678
20,158
17,820
16,259
,U5
14,0%
28
69
66
6
13
58
37
67
64
17,132
13
42
21
40
27,097
57
46
73
29
6,731
29
3
,130
14
126
140
79
405
138
5
30
15
44
994
95
1
71
22
65
18
121
42
48
17
49
9
6
3
419
117
21
46
30
982
235
2
43
41
27
97
20
41
1,235
32
1
1,042
12
869
27
1,010
814
585
16
394
13
505
19
594
39
805
2,874
3,593
3,456
3,990
3,951
3,868
7,365
15,408
19,186
29,287
107
9
211
7
16
40
1,338
179
8
19
123
705
U5
765
33
109
101
503
7
173
1,452
18
14
34
791
32
72
U
3
771
842
28
37
556
669
200
263
17
124
1,006
1,748
1,612
1,034
1,002
1,649
985
731
1,294
567
1,650
13
23
112,434
118,791
59,360
77,122
87,432
%0
1W,747
33
91
1,339
3
5,038
2,862
37
1,576
98
11
957
133
126
1,926
137
2,146
2,371
2,4%
2,999
2,783
2,386
4,458
2,571
649
20
3,156
2,715
382
744
2,359
360
13
2,776
2,409
1,166
28,518
21,951
19,981
18,012
244
1,719
66
46
82
58
2,482
70
53
11
20
21
34
122
44
5
27
392
40
lU
795
23
51
Interaational.
Grand total.
10,819
6
108
15,665
18
91,983
119,418
107,147
2,072
1,552
1%
9
35
56
233
1,U6
64
1,942
778
1,742
874
36
15
22
1
%
p
U.A.R. are not available separately, but are
5U
Ul
Preliminary.
4
374
83,
,
September 1961
09
.CUMULATIVE TABLE OF CONTENTS.
October 1960 throuRh September 1961
Issue and page number
1960
Oct.
Jan.
Apr.
May
July
Aug.
Reporting bases.
Artlclej:
A-1
Treasury financing operations
Summary of Federal fiscal operations.
1
Budget receipts and expenditures:
Receipts by principal sources
Detail of miscellaneous receipts by major categories
Expenditures by agencies
Interfund transactions excluded from both net budget receipts
and budget expenditures
Summary of appropriations and authorizations, expenditures,
and balances, by agencies
Expenditures and balances by functions
Trust account and other transactions:
Summary of trust account and other transactions
Trust account receipts
Trust and deposit fund account expenditures
Net investment by Government agencies in public debt securities.
Net redemption or sale of obligations of Government agencies in
the market
Intertrust fund transactions excluded from both net trust account
receipts and net trust account expenditures
Federal Old-Age and Survivors Insurance Trust Fund
Federal Disability Insurance Trust Fund
Railroad Retirement Account
Unemployment Trust Fund
National Service Life Insurance Fund
Investments of specified trust accounts in public debt securities,
by issues (latest date June 30, 1961)
. .
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
to cash deposits in Treasurer's account
Derivation of Federal payments to the public, and reconciliation
to cash withdrawals from Treasurer's account
Intragovemmental transactions
Accrued interest and other noncash expenditures
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
9
9
10
11
10
9
9
10
10
11
11
11
9
9
9
9
9
10
11
9
9
9
9
9
10
10
11
11
9
10
11
9
10
11
9
9
10
U
13
13
U
U
13
15
15
16
16
19
19
14
14
L4
19
19
20
21
21
15
16
16
15
16
20
21
16
21
u
u
9
13
14
15
15
15
17
19
19
14
14
20
21
15
16
16
15
15
20
20
16
15
15
15
16
16
M
U
U
15
16
U
U
13
14
9
10
11
15
16
16
21
16
17
17
21
22
22
23
20
25
26
19
20
24
25
19
20
20
24
25
20
19
20
24
25
19
20
21
21
22
26
26
21
21
22
26
26
27
21
21
22
21
21
22
26
26
27
21
21
22
21
21
22
22
23
27
27
28
22
23
27
28
29
22
23
24
22
23
24
27
28
29
22
23
24
22
23
24
27
28
2i,
22
23
24
23
24
25
28
29
30
25
30
25
30
25
25
30
26
31
28
33
35
19
19
21
Debt OUtstnnrUng:
Summary of Federal securities
Computed interest charge and rate on Federal securities
Interest-bearing public debt
Average length and maturity distribution of marketable
interest-bearing public debt
Special public debt issues to U. S. Government investment accounts.
Treasury holdings of securities issued by Government agencies
Interest-bearing securities issued by Federal agencies but not
guaranteed by the U. S. Government
29
22
31
26
26
31
26
26
31
26
32
34
35
27
29
27
29
27
29
27
29
31
31
31
32
34
36
27
29
31
32
34
36
31
30
32
33
38
33
33
38
33
33
38
33
34
39
37
42
38
38
43
38
38
43
38
39
44
45
41
41
46
41
41
46
41
42
47
Statutory debt limitation.
Public debt operations:
Maturity schedule of interest-bearing public marketable securities
other than regular weekly Treasury bills
Offerings of Treasury bills
New money financing through regular weekly Treasxiry bills
Offerings of public marketable securities other than regular
weekly Treasury bills
Allotments by Investor classes on subscriptions for public
marketable securities other than regular weekly Treasury bills....
Disposition of matured public marketable securities other than
regular weekly Treasury bills
27
27
29
31
(Continued on following page)
37
Trcasurii Bulletin
90
.CUMULATIVE TABLE OF COMTENTS.
October 1960 through September 1961
-
(Continued)
@FedFRASER