Full text of Treasury Bulletin : September 1965
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LIBRARY
ROOM sna
AUG
9
1%6
TREASURY DI^PflRTMENT
LIBRARY
ponivi
JUN
50.'^o
2 3 1972
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1
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SEPTEMBER
hi
1965
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September 1965
Ap-1
Treasury Financing Operations
Ine-Year Bills
rities and the ones issued August
Refunded
On August 18 tenders were invited for the auction on
.
lUgust 24 of $1.0 billion,
or thereabouts, of 365-day Treastiry
for cash and in exchange for Treasury bills maturing
lilla,
lUgust 31,
leived,
maturities.
5
and August 19 carry 91-day
All of the 26-week issues mature in 182 days.
Average rates for the new issues are shown in the following
table.
Tenders totaling $1,927 niillion were re-
1965.
of which $1,000 million was accepted, including $34
13-week
26-week
iHlion of noncompetitive tenders, at the average bank discount
•ate of /i.006
percent.
Date of
Nonconpetitive tenders for $200,000 or
.ess
without stated price from any one bidder were accepted in
"ull
at the average price of accepted competitive bids.
The new one-year bills are dated August 31, 1965 and will
Additional
issue
1965
August
August 31, 1966, when the face amount will be payable
'lature
rithout interest.
5500,000 and
12
19
26
Issued in bearer form only, the bills are in
lenominations of $1,000,
$5,000, $10,000, $50,000, $100,000,
5
1/
—
Original
issue
1965
May
Approximate
equivalent
annual
average
rate 1/
6
13
20
27
3.832
3.8^6
3.813
3.855
Approximate
equivalent
annual
average
rate 1/
Date of
issue
1965
August
5
12
19
26
3.927
3.948
3.923
3.955
Bank discount basis.
$1,000,000 (maturity value).
Foreign Series and Foreign Currency Series
Banking institutions generally could submit tenders for
lecount of
customers provided the names of the customers were
forth in such tenders.
let
lould
Others than banking
institutions
submit tenders only for their own account.
Issues of foreign series securities in August consisted
of seven 3-month certificates of indebtedness totaling $325
million.
Interest rates on five of the new securities were
Tenders
3.85 percent and on the other two 3.75 percent.
'ere
Three certif-
received without deposit from incorporated banks and trust
icates, two payable in September and one in October, totaling
companies and
from responsible and recognized dealers in in-
estment securities.
Tenders from others had to be acooinpanied
$380 million were redeemed.
At the end of August foreign
series securities outstanding totaled $864 million.
y payment of 2 percent of the face amount of the bills
Two foreign currency series bonds, equivalent to $119
pplied for, unless the tenders were acconpanied by an express
million, were issued in August.
One bond denominated in Swiss
uaranty of payment by an incorporated bank or trust company.
francs equivalent to $69 million, issued August 25, bears
Payment for accepted tenders was required to be made or
interest at the rate of 3.95 percent and matures November 25,
mpleted on August 31, 1965, in cash or other immediately
1966.
ivailable funds or in a like face
The other bond, denominated in German marks equivalent
amount of bills maturing on
to $50 million, issued August 28, bears interest at the rate of
date.
ihat
Payment by credit in Treasury tax and loan accounts
4.07 percent and matures October 3, 1966.
not permitted.
One bond denominated in Swiss francs equivalent to $70
g-Week and 26-Week Bills
million matured on August 25 and one bond denominated in German
New issues of regular weekly Treasury
bills in August
totaled
$8.8 billion, refunding an equivalent amount
maturing,
marks equivalent to $50 million matured on August 28.
Foreign currency series securities outstanding at the end
pe August bills consisted
of four 13-week issues of $1.2 bil-
of August were equivalent to $1,259 million and were denomi-
fon each and four 26-week issues of $1.0 billion
each.
nated in Austrian schillings, Belgian francs, German
The
p-week bills issued August
12 and August 26 carry 92-day matuOte:
marks,
Swiss francs and Italian lire.
Details of Treasury market financing operations are shown elsewhere in this issue of the Bulletin in the tables on
public debt operations.
September
1965
Table of Contents
Page
Treasury financing operations
A-1
Summary of Federal fiscal operations
1
Administrative budget receipts and expenditures.
Trust and other transactions
1
Consolidated cash transactions
16
2
Account of the Treasurer of the United States...
Debt outstanding
22
Statutory debt limitation
27
Public debt operations
28
United States savings bonds
61
Ownership of Federal securities
6$
Treasury survey of ownership of Federal
securities
^
^
^
^
19
67
Market quotations on Treasury securities
71
Average yields of long-term bonds
74.
Monetary statistics
76
International financial statistics
79
Capital movements
33
Cumulative table of contents
IO6
Treasury Bulleth*
II
Reporting Bases
Data on receipts, expenditures, and debt which appear
in the "Treasury Bulletin" are based largely on two Treasury
financial reports, the "Dally Statement of the United States
Treasury" and the "Monthly Statement of Receipts and Expenditures of the United States Government." Certain monetary statistics are based at least in part on the "Circulation Statement of United States Money." Where these statements are given as sources for individual tables, they are
cited by name only. Their respective reporting bases are
described below. For other data in the Bulletin, information on sources or reporting bases is given in connection
itures and Balances of the United States Government"
for actual receipts and expenditures in the "Budget of
an;
tin
United States Government."
Beginning with the final statement for the flsoei
year 1960, the monthly statement reports totals for ne'
budget receipts and budget expenditures after deduoticj
of certain Interfund transactions which are Included ;
the detail of both budget receipts and budget expenditureijj
The transactions deducted consist of interest payments ai'
minor amounts of certain other payments made by Governraetl
Eigencles to the Treasury.
This reporting change was made
'i
with the tables themselves.
accordance with the plan stated in the President's Budgfj
The monthly statement of receipts and expenditures
was first published for February 195^, and replaced the
dally statement as the primary source of information on
budget results and other receipt and expenditure data
At the same time, the
classified by type of account.
Message of January
dally statement was changed to a statement of cash deposits
and withdrawals affecting the account of the Treasurer of
Both publications have provided comparrespective bases from the beginning
their
ative figures on
of the fiscal year 1953. The announcement of February 17,
195lV, with respect to these reporting changes may be found
the United States.
li3,
i960.
It does not affect the
surpl'-j
or deficit. Figures for earlier periods shown in the Tree
ury Bulletin were revised to the new reporting basis in tX
September i960 issue. The interfund transactions deduct
under this procedure do not Include payments to the Trea
ury by wholly owned Government corporations for retireme^
of their capital stock and for disposition of earning
These capital transfers have been excluded currently fr
budget receipts and budget expenditures beginning July
1943, and figures for prior fiscal years back through 19
were revised accordingly at that time.
in the April \3'^^ issue of the Bulletin.
The dally statement on the new basis was first issu
195'*-.
In the deposits and withdrawals
The monthly statement shows all receipts and expenditures of the Government, including those made from cash
accounts held outside the United States Treasury. The
for February 17,
Information is compiled from reports by the Treasurer of
the United States and by all other collecting and disbursing agencies. Including those agencies which maintain
checking accounts in commercial banks. These reports cover
certificates of deposit cleared through the account of t
Treasurer of the United States. Total withdrawals are
the basis of checks paid or cash disbursements made out
transactions recorded in the accounts of the agencies
during the reporting period.
The net of the transactions
as compiled from these 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 are reported on a
collections basis. Other receipts are reported partially
on a collections basis and partially on a deposits basis.
Expenditures, except interest on the public debt, are reported on the basis of checks issued or cash payments made
by disbursing officers.
Transactions of an Interfund or
intragovernmental nature are included on the same basis
even though the actual issuance of checks may not be InInterest on the public debt is included on an
volved.
accrual basis beginning with figures for June 1955 and
Prior to that, It was included on
the fiscal year 1955.
shown,
no distinction Is made as to the type of acooun
The deposits are on the basis
etc. ).
(budget, trust,
I'
Some of the withdrawal classj'
the Treasurer's account.
fications shown are reported on the basis of mailed repoiji
of checks issued and are adjusted by means of clearing £j'
Except for relative]'
counts to the total of checks paid.
minor amounts, noncash interfund and other intragovernmen'
transactions are excluded. The public debt figures in t;
;l
daily statement also are on a "clearance" basis, v;lth t|i
exception of those issuance and retirement transaotici
reported on the basis of telegrams from Federal Resell
Banks.
Noncash debt transactions are included, howeve
The dally statement before February 17, 195*+. cover
not only transactions cleared through the Treasurer's (
count but also certain Government agency transactions wh;|i
handled through commercial bank accounts, and inoluil
noncash interfund and other intragovernmental transactloi|.
It provided Information similar to that in the present da ,y
wei'e
statement with respect to the status of the Treasurer's !•
count, and similar to that in the present end-of-month da J
in the monthly statement provides the fiscal year figures
statement with respect to debt issuance, retirement,
amount outstanding. Receipts and expenditures, however,
for the Treasury's "Combined Statement of Receipts, Expend-
classified by type of account, and the budget results ship
a due and payable basis.
The same reporting basis as that
iji
i»>
September 1965
III
Reporting Bases
Ln
-
(Continued)
the dally statement were used a* the basis for reflecting
dled through commercial bank accounts, consisting of market
results under the President's budget program as enacted
transactions in public debt and guaranteed securities, were
the
by the Congress.
Receipts were on the basis of deposits as they cleared
J
,|the
Treasurer's account.
JTreasurer
ijbases.
fby the
'
account
s
Through
19't^6
Expenditures cleared through the
Interest on the public debt
as reported by the agencies.
was Included on a due and payable basis beginning with
November 19^9 and on a checks-paid basis prior to that time.
successive
The circulation statement reflects transactions through
they were on the basis of checks paid
the Treasurer's account which affect monetary stocks of gold
were
reported
Treasurer of the United States.
on two
Beginning with
19'^7.
and silver and the amounts of coin and currency in the money
jexpendltures made through the facilities of the Treasury
supply of the country.
Division of Disbursement were on the basis
pf checks Issued, while certain others, principally those
Lpf the Department of Defense and its predecessor organlzaTransactions hanUtlons, were on the basis of checks paid.
statement,
,
iDepartment
'
s
It is issued later than the dally
however, and the figures are based on transac-
tions consummated during the reporting period even though
some may not have cleared the Treasurer's account during
that period.
I
Ote:
\fliere
calculations have been made from unrounded figures, the details may not check to the totals shown.
September 1965
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
Administrative budget
receipts and expenditures
Period
Surplus
Net
receipts
Expenditures
or
deficit
(-)
Isoal years:
1^50
1^51
1952
1953
1954
1955
1956
1957
1958
1959
19cO
1961
1962
1963
1964
1965p.
36,422
47,480
61,287
64,671
64,420
60,209
67,850
70,562
68,550
67,915
77,763
7'', 659
31,409
86,376
39,459
93,044
39,544
43,970
65,303
74,120
67,537
64,389
66,224
68,966
71,369
80,342
76,539
81,515
87,787
92,642
97,684
96,513
-3,122
3,510
-4,017
-9,449
-3,117
-4,180
1,626
1,596
-2,819
-12,427
1,224
-3,856
-6,378
-6,266
-3,226
-3,474
Net of
trust
and other
transactions
1/
Net
increase
Clearing
account,
etc. 2/
in
public
debt,
or
decrease
(-)
99
679
147
435
328
231
-194
195
633
-329
-50
-602
436
97
551
439
483
-214
-401
-250
-303
284
522
-523
530
-6
-145
507
448
196
741
-951
4,587
-2,135
3,883
6,966
5,189
3,115
-1,623
-2,224
5,816
8,363
1,625
2,640
9,230
7,659
5,853
5,561
Net
increase in
Treasurer' s
account
balance, or
decrease (-)
2,047
1,839
-388
-2,299
2,096
-551
331
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
1,575
Levels, end of period
Debt outstandi ng
Treasurer'
account
balance
5,517
7,357
6,969
4,670
6,766
6,216
6,546
5,590
9,749
5,350
8,005
6,694
10,430
12,116
11,036
12,610
4,232
4,295
6,064
4,577
5,180
4,545
4,427
4,606
4,961
5,583
6,411
6,494
7,509
7,375
7,295
^^^ ^^^"^'^ ^^^"^ "52 and the calendar year
ri953
?^ H ^"""l^^
^^ Treasury statement, and thereafter from the
«nthW
f
I
monthly
•
statement of receipts and expenditures
of the Government (for
explanation of reporting bases, see page II).
More details for data on
this page are shown in succeeding
tables.
Excess of receipts, or expenditures
(-).
For detail, see pages 11-15
tor checks outstanding and telegraphic
reports from Federal Reserve
^"*^''^^* accrued and unpaid beginning with June
""^^
and
Sff
'^^!'o
the fiscal year
1955 (previously included from November 1949 as interest
outstanding); also deposits in transit and changes
in
ZlTl fS ""t^i-i^
T?^°^ the Treasury and in certain
other accounts beginning
Tn, ^^"
with
the fiscal year 1954.
Net increase, or decrease (-)
'or current month detail
and list of acts, see section on "Statutory
ITf
r
f
Public
debt
Guaranteed
securities
257,357
255,222
259,105
266,071
271,260
274,374
272,751
270,527
276,343
284,706
286,331
288,971
298,201
305,860
311,713
317,274
256,708
259,419
267,391
275,168
278,750
280,769
276,628
274,898
282,922
290,798
290,217
296,169
303,470
309,347
317,943
20
29
46
52
81
44
74
107
101
111
140
240
444
607
813
590
24
42
54
76
34
53
103
104
109
127
156
330
518
742
809
Total
Federal
securities
Subject to
limitation
3/
257,377
255,251
259,151
266,123
271,341
274,418
272,825
270,634
276,444
284,817
286,471
289,211
298,645
306,466
312,526
317,864
256,652
254,567
258,507
265,522
270,790
273,915
272,361
270,188
276,013
284,398
286,065
288,862
298,212
306,099
312,164
317,581
256,731
259,461
267,445
275,244
278,784
280,822
276,731
275,002
283,031
290,925
290,373
296,499
303,988
310,089
318,750
256,026
258,794
266,821
274,671
278,256
280,343
276, 276
274,564
282,607
290,513
289,971
296,061
»3,616
309,724
318,464
4,264
6,795
8,656
6,085
8,300
11,036
308,577
310,357
309,590
307,601
311,532
311,713
762
793
818
802
805
813
309,339
311,150
310,408
308,402
312,337
312,526
308,975
310,786
310,045
308,040
311,975
312,164
6,150
6,789
10,189
5,691
8,104
7,295
311,183
314,089
315,610
315,635
318,486
317,940
821
848
386
821
834
809
312,004
314,938
316,496
316,456
319,320
318,750
316,135
316,096
319,034
318,464
5,745
7,942
9,231
317,983
319,883
317,697
664
693
719
318,646
320,575
318,416
318,361
320,290
318,131
9,336
10,816
12,610
316,557
319,218
317,274
657
606
590
317,213
319,823
317,864
316,929
319,540
317,581
8,486
7,627
316,582
318,240
474
502
317,056
318,742
316,773
318,460
7,627
313,2^0
502
318,742
318,460
311,643
314, 577
Debt Limitation" in each issue of the Bulletin.
The limtations in
effect during the periods covered by this table
and the date when each
became effective are as follows:
$275 billion on June 26, 1946- $281
billion on August 28, 1954; $278 billion on July
1, 1956; $275 billion
on July 1, 1957; $280 billion on February 26,
1958; $288 billion on
September 2, 1958; $290 billion on June 30, 1959;
$295 billion on
July 1, 1959; $293 billion on July 1, I960; $298 billion
on July 1, 1961$300 billion on March 13, 1962; $308 billion on July 1, 1962; $305 billion on April 1, 1963; $307 billion on May 29, 1963;
$309 billion on
July 1, 1963; $315 billion on December 1, 1963;
$324 billion on
June 29, 1964; and $328 billion on July 1, 1965.
Preliminary.
'
.
.
,.
,
.
.
Treasury Balletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
(In millions of dollars)
Internal revenue
Employment taxes
Income taxes
Fiscal year
or month
Individual
corporation
Not
withheld
1/
Withheld
1/
For old-age
and
Total
income disability
taxes
insurance
1/ 2/
3/
21,531
20,533
18,092
22,179
12,302
11,528
11,733
13,271
26,728
27,041
29,001
31,675
60,560
59,102
58,826
67,125
6,634
7,733
8,004
10,211
616
1961
1962
1963
13,175
14,403
14,269
15,331
16,820
32,978
36,246
38,719
39,259
36.830
67,918
71,945
75,324
78,891
79,781
11,586
11,686
13,484
15,558
15,846
571
1965 p
21,765
21,296
22,336
2i,301
26,130
564
572
594
636
1966 (Est.).
28,400
14,900
38,400
81,700
17,661 7/
711
1965-Jan
Feb
Mar.
. .
2,506
872
928 8/
1,181
4,294
6,647
5,302
3,207 8/ 10,894
292
2,216
1.395 8/
1,187
520
8,130
1,091
6,587
5,371
2,946 8/ 11,910
1,291
2,762
p.
6,596
July...
727
482
362
164 8/
1,299
5,377 8/
525
6,676
.
.
.
Aug
2,388
6,022
Estate
and
gift
Excise
taxes
5/
taxes
Miscellaneous
receipts
Total
internal
revenue
948
1,123
2,749
3,196
3,158
4,064
1U,429
1,008
1,171
1,241
1,284
1,473
4,082
3,206
4,436
4,077
4,599
13,956
117,824
1,532
4,731
76
106
155
332
80,172 6/
79,978 6/
79,798 6/
91,775
7,581
8,644
8,854
11,159
1,378
1,411
1,353
1,626
10,638
10,814
10,760
11,865
851
623
12.502
12,708
15,004
17,003
17,105
1,916
2,035
2,187
2,416
2,744
12,064
12,752
13,410
13,950
14,798
94,401
99,441
105,925
112,260
571
18,943
3,225
330
336
575
525
607
607
473
6,759
5,852
696
2,369 8/
Apr
May
June
Total
employment
taxes
A/
1957
1958
1959
I960
196/i
For unemployment
insurance
For railroad retirement
324
341
345
458
948
12
94
91
503
57
7
399
2,810
1,459
183
213
308
1,045
1,214
1,303
5,921
10,885
13,963
754
800
338
398
15
4
96
3
1,311
2,861
370
283
1,150
1,325
10,962
11,057
139
128
322
398
1,348 8/
57
3
1,407
217
1,363
14,897
145
454
617
2.396 S/
11
103
2
629
2,501
232
212
1,221
1,335
4,471
10,040
137
145
462
401
3,013
114
3,130
U5
2,526
14,511
2
Fiscal 1966
to date.
.
.
1,209
Less:
Fiscal year
or month
Refunds of receipts 5/
Internal revenue
applicable to
Customs
Budget
Trust 10/
accounts accounts
1957
1958
1959
I960
3,894
4,413
4,907
5,024
1961
1962
1963
1964
1965 p
53
20
165
180
193
18
5,725
5,957
6,267
6,817
5,666
224
278
269
297
25
29
35
32
323
35
1966 (Est.)-
6,032
1965-Jan
Feb
-87
617
1,578
Mar.
.
Apr . .
May..
June p
July.
Aug
.
,410
Less:
Total
refunds
10/
Federal OldAge and Survivors Insurance Trust
Fund 10/ 11/
Transfers of tax receipts to
Federal
Disability
Insurance
Trust Fund
10/ 12/
Railroad
Retirement
Account
13/
3,976
4,598
5,114
5,238
6,243
6,795
7,084
9,192
333
863
837
929
616
575
5,976
6,266
6,571
7,148
6,028
10,537
10,600
12,351
14,335
14,572
953
945
994
571
331
6,396
16,155 7/
192
33
107
653
1,582
93
2,078
1,292 8/
1,280
1,063
2
5
1,286
1,071
1,195
2,572
318
1
322
1,250 8/
98 8/
220
219
1
223
574
2,226 8/
2,800
23
18
Unemployment
Trust
Fund
525
607
Highway
Trust
Fund
10/ li/
863
Budget
receipts
net of refunds and
transfers
to trust
accounts
Less:
Interfund
transactions
16/
1,479
2,026
2,074
2,539
71,029
69,117
78,457
467
567
355
694
2,798
2,949
3,279
3,519
3,658
78,313
82,042
86,890
90,122
93,913
654
633
513
664
869
68, 270
,057
,082
636
343
453
945
847
616
1,299
711
567
3,959
95,000
600
7
12
94
138
103 8/
91
5,719
7,558
11,190
77
40
57
503
7
296
308
286
96
190
15
3
96
2
57
2
271
293
347
8,557
7,360
13,421
44
43
169 3/
11
103
1
333
418
3,885
7,442
79
92
212
114
751
11,328
564
572
593
2
2
92
Fiscal 1966
to date.
. .
UO
449
Source:
Actual figures are from the monthly statement of receipts and
expenditures of the Government (for explanation of reporting bases,
see page II); estimates, including effect of proposed legislation, are
from the .1966 Budget document released January 25, 1965. Later estimates
contained in testimony of the Secretary of the Treasury before the
Senate Finance Committee on June 15, 1965, are as follows:
Receipts
$95.4 billion; expenditures $99.7 billion; and deficit $4.3 billion.
1/ The distribution of receipts between individual income taxes and oldage and disability insurance taxes is made in accordance with provisions of Sec. 201 of Social Security Act, as amended (42 U.S.C. 401),
2/
for transfer to the Federal Old-Age and Survivors Insurance Trust
Fund (see footnote 11), and also for transfer to the Federal Disability
Insurance Trust Fund ( see footnote 12)
Taxes on employers and employees under the Federal Insurance Contributions Act, as amended (26 U.S.C. 3101-3125), and tax on self-employed
individuals under the Self-Employment Contributions Act, as amended
(26 U.S.C. 1401-1403).
The Social Security Hct Amendments of 1956,
approved August 1, 1956, increased the rates of tax applicable to wages
paid and taxable years beginning after December 31, 1956, to provide
for disability insurance.
Remaining footnotes on following page.
September 1965
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 2.- Detail of Miscellaneous Receipts by Major
Categorl es
(In millions of dollars)
Fiscal year
or month
Total
Interest
Dividends
and other
earnings
Realization upon
loans and
investments
Sale of
Sfile of
Governprodment
ucts
property
Recoveries and Royalties
refunds
Seigniorage
Fees for
permits
and
licenses
Fees and
other
charges
for
services,
Fines,
Rents
penalties
and forfeitures
Other
1/
etc.
1957
1958
1959
1960
2,749
3,196
3,158
4-, 064
1961
1962
1963
438
674
601
506
1,111
967
328
328
587
436
266
322
343
114
79
90
93
96
387
345
325
392
312
304
350
374
114
121
124
131
77
343
263
263
331
416
342
370
409
482
69
113
62
101
70
77
13''
49
49
59
53
44
54
57
53
160
161
133
111
1965p
4,082
3,206
4,436
4,077
4,599
942
877
765
955
1,068
,397
1,076
752
498
1966 (Est.)
4,731
921
,577
310
135
156
497
363
112
1965- Jan...
Feb...
Mar...
332
338
398
97
98
U2
12
6
12
41
9
37
30
-14
136
106
20
13
33
30
35
30
59
31
10
11
13
15
10
11
20
148
146
152
48
-7
12
10
25
24
31
33
13
12
14
13
43
75
14
148
157
35
23
20
10
-20
84
40
26
4
9
14
196/1
Apr.
322
398
454
.
May...
June p
July.
Aug.
t
628
745
462
401
..
Fiscal 1966
to date.
863
103
96
94
93
187
805
743
984
305
1,012
371
182
154
200
130
135
54
58
20
24
330
55
li3
55
58
45
81
81
20
23
23
16
12
94
14
11
89
11
79
13
6
16
?6
100
101
110
118
129
437
74
104
48
36
154
349
12
9
17
11
93
325
2
1
1
6
5
8
7
-24
9
9
-19
-12
14
14
11
11
13
2<=.
Source:
Actual figures through 1961 are from reports to the
Treasury
Department by disbursing officers and administrative agencies,
on the
monthly statement reporting basis (see page II); and
from the monthly
statement of receipts and expenditures thereafter. Estimates,
including effect of proposed legislation, are from the
1966 Budget
Footnotes to Table
2/
4/
^
6/
7/
8/
2/
10/
11/
12/
Taxes on carriers and their employees under the Railroad Retirement
Tax Act, as amended (26 U.S.C. 3201-3233).
Tax on employers of 4 or more under the Federal Unemployment Tax Act,
as amended (26 U.S.C. 3301-3308).
Includes collections under increased rates in the Highway Revenue Act
of 1956 (see footnote 15).
Includes small amounts for taxes not classified.
Includes $600 million for hospital insurance for the aged.
Includes adjustments as follows:
Income taxes not withheld, March -$2
million, June +$86 million and August -$4- million; income taxes withheld, March +$157 million, June -$7 million and August -$202 million;
transfers to Federal Old-Age and Survivors Insurance Trust Fund, March
-$150 million, June -$7^ million and August +$187 million; and transfers to Federal Disability Insurance Trust Fund, March -$A million,
June -$5 million and August +$18 million.
See also footnote 11.
Interest on refunds is included in expenditures in Table 3.
The principal amounts for refunds of employment taxes and certain
excise taxes (highway) are excluded from the transfers of tax receipts
shown herein, and are included with refunds of internal revenue
receipts, applicable to trust accounts.
Amounts appropriated to the Federal Old-Age and Survivors Insurance
Trust Fund are equivalent to amounts of taxes collected and deposited
for old-age insurance.
Amounts transferred currently for appropriation
to the trust fund are based on estimates of old-age insurance tax
receipts made by the Secretary of the Treasury (^2 U.S.C. 4-01 (a)), and
are adjusted in later transfers on the basis of wage and self-employment
income records maintained in the Social Security Administration.
The Federal Disability Insxirance Trust Fund was established by the Social
Security Act Amendments of 1956, approved August 1, 1956 (4.2 U.S.C. 401
(b)).
The act appropriated to the trust fund amounts equivalent to
specified percentages of the wages and self-employment income, respectively, which are taxed for old-age insurance, and provided that the
amounts appropriated should be transferred from time to time to the
trust fund on the same basis as transfers to the Federal Old-Age and
Survivors Insurance Trust Fund.
Rates of tax were increased by the
1/
document, released January 25, 1965.
Consists of miscellaneous taxes (principally the tonnage tax on foreign
vessels entering U. S. ports), bullion charges, gifts and contributions,
under undistributed proceeds, sale of foreign currency.
Preliminary.
(Continued)
1
13/
1^/
1^/
16/
*
percentages appropriated to the Federal Disability Insurance Trust
Fund, the increase being applicable to wages paid and taxable years
beginning after December 31, 1956.
Amounts are appropriated to the Railroad Retirement Account equal to
the amount of taxes under the Railroad Retirement Tax Act deposited
in the Treasiiry, less refunds, during each fiscal year (65 Stat. 222
and 66 Stat, 371) and transfers are made currently.
The Enqsloyment Security Act of I960, approved September 13, I960 (42
U.S.C. 1101), established in the Unemployment Trust Fund, an administration account, and appropriated for credit to that account, beginning with fiscal 1961, amounts equivalent to taxes collected and
The tax receipts
deposited under the Federal Unemployment Tax Act.
are transferred currently on the basis of estimates by the Secretary
From that
of the Treasury, with later adjustments as necessary.
account is to be paid the administrative expenses of the employment
security program. Previously the corresponding amounts were included,
respectively, in budget receipts and budget expenditures.
The Highway Revenue Act of 1956, as amended, (23 U.S.C. 120, note)
established a Highway Trust Fund from which are to be made, as
provided by appropriation acts. Federal-aid highway expenditures
after June 30, 1956, and before October 1, 1972. The act appropriated to this fund amounts equivalent to specified percentages of
receipts from certain excise taxes on motor fuels, motor vehicles,
tires and tubes, and use of certain vehicles, and provided that
the amounts appropriated should be transferred currently to the
trust fund on the basis of estimates by the Secretary of the Treasury
with proper adjustments to be made in subsequent transfers. Before
fiscal 1957 corresponding excise tax receipts were included in net
budget receipts and Federal-aid highway expenditures were included
in budget expenditures.
These transactions are included in the
For content, see Table 4-.
detail of both budget receipts and expenditures but are deducted
from the totals (see Reporting Bases, p. II).
Preliminary.
p
Less than $500,000.
Treasury Bulletin
,
AEMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
$Bil.
Total*
Fisca/ Year
Comparison first
month fiscal
100
r
Corporation Income and Profits Taxes
h
September 1965
ADMINISTRATIVE BUDGET RECEIPTS AND
EXPENDITURES
Table
3.
Expenditures by Agencies
(
Legislative
Branch
Fiscal year
or month
1957
1958
1959
I960
97
99
118
126
1961
1962
1963
1964
13i
153
147
152
165
1965P
Judiciary
Executive
Office
of the
President
39
52
57
62
65
70
5,929
6,669
7,735
7,897
498
74
24
1,808
2,053
3,968
4,119
4,276 1/
29
23
23
29
5
11
5
14
6
6
23
2
July
August.
.
16
20
9
6
2
313
3
494
16
6
2
931
26
,
Justice
Department
Post
State
Office
DepartDepartment
ment 1/
Labor
Department
902
2,295
2,645
3,092
3,403
572
666
751
690
971
999
1,128
1,153
1,234
3,685
4,215
4,909
5,498
5,739
801
908
1,029
1,124
1,205
357
620
257
370
480
2U
418
229
250
258
1,016
518
674
774
567
179
206
272
247
549
525
8314/
914
797
258
307
770
578
800
408
565
714
416
82
102
35
31
22
686
757
6,357
810
47,900
1,337
7,776
1,174
377
454
322
73
73
45
3,691
3,575
77
79
78
29
85
4,183
26
29
-156
89
495
482
314
4,063
3,848
4,327
102
95
137
30
27
28
33
53
30
46
86
124
-3
19
30
3,601
4,131
96
541
138
37
33
43
49
121
402
128
28
63
79
22
7,732
218
943
266
65
96
477
309
349
.
663
Interior
Department
7,330
524
315
348
Health,
Education,
and
Welfare
Department
44,677
48,205
48,252
49,760
46,178
305
214
299
.
Fiscal 1966
to date. .
639
733
807
38,439
39,062
41,233
42,824
87
.
Civil
562 2/
645
382
539
li
.
Military
5,006
4,875
7,091
5,419
193
April . .
May
June p
President
Commerce
Department
4,115
4,081
4,109
1,764 2/
1966 (Est.)...
.
to the
Defense Department
Agriculture
Department
10
11
56
56
47
49
1965-January.
February,
March.
.
Funds
appropriated
In millions of dollars)
594
676
69
49
75
521
67
1,112
50
1,633
284
294
317
328
99
541
547
534
97
U
52
347
380
Treasury Department
Interest
Fiscal year
or month
Other
Atomic
Energy
Commission
Federal
Aviation
Agency
On
public
debt 6/
On
refunds
of taxes
1957
1958
1959
1960
7,244
7,607
7,593
9,180
57
74
69
76
748
765
2,178 11/
875
1,990
2,268
2,541
2,623
1961
1962
1963
1964
3,957
9,120
9,895
10,666
83
68
1965p
11,354
74
88
77
987
985
1,059
1,193
1,306
2,713
2,806
2,758
2,765
2,624
1966 (Est.)..
11,500
82
1,280
2,530
750
7
61
56
59
1965-January.
February
March. .
2/
s/
General
Services
Administration
Housing
and
Home
Finance
Agency
National
Aeronautics
and Space
Less:
Veterans
fldminis-
tration
Adm. 9/
Other
independent
agencies
District
of
Columbia
12/
interTotal by fund
agencies transactions
Total
budget
expenditures
11/
ui
359
508
408
-23
199
,152
309
638
693
726
751
795
387
445
466
593
632
502
739
410
323
244
744
1,257
2,552
4,171
5,094
5,401
5,392
5,173
5,473
5,488
794
937
293
159
715
614
454
5,100
4,649
113
103
71
-22
448
477
458
60
74
56
16
42
407
423
461
7,753
7,186
1
8,U1
2
450
449
475
197
241
-11
24
8
570
425
145
401
4,805
5,093
5,232
5,250
911 IS^
940
956
224
26
25
31
28
69,433
71,936
80,697
77,233
467
567
355
694
63,966
71,369
30,342
76,539
50
72
66
82,169
38,419
93,155
57
61
97,388
654
633
513
664
869
31,515
37,787
92,642
97,684
96,518
98, 348
100,237 14/ 600
99,68714/
933
961
3
100
102
5
98
213
191
219
63
14
38
April. .
May
June p.
948
955
997
6
199
184
230
61
50
-23
529
63
74
48
6
111
129
131
61
34
-1
433
508
-112
3
3,277
8,208
9,125
July
August.
1,000
9
104
207
57
60
-103
208
-140
22
7,319
79
7,240
966
9
106
210
55
65
66
427
482
482
129
12
9,082
92
8,990
210
417
113
124
-37
909
690
34
16,401
171
16,231
Fiscal 1966
to date. ,
1,965
.
Source:
5
92
U
7,676
7,L46
8,139
8,268
8,116
9,081
Services Administration," and Informational Media Guaranty Fund from
"Funds appropriated to the President" to "Independent agencies;" beginning 1959, Federal Civil Defense Administration from "Independent
agencies" to "Executive Office of the President," Civil Aeronautics
Board from "Commerce Department" to "Independent agencies," Civil
Aeronautics Administration from "Commerce Department" and Airways
Modernization Board from "Independent agencies" to the "Federal Aviation
Agency," National Advisory Commission for Aeronautics from "Independent
agencies" to "National Aeronautics and Space Administration;" from
fiscal 1960 through November 1962, and from December 1963, through
March 1964, military assistance from "Funds appropriated to the President"
subscriptions to
to "Defense Department, military," beginning 1962,
International institutions from "Treasury Department" to "Funds appropriated to the President," and from November 1964 through February
the
1965, "Office of Economic Opportunity" from "Executive Office of
President" to "Funds appropriated to the President."
Actual figures are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see
page II)
estimates, including effect of proposed legislation, are from
the 1966 Budget document released January 25, 1965.
Later estimates
contained in testimony of the Secretary of the Treasury before the
Senate Finance Committee on June 15, 1965, are as follows:
Receipts
$95.4 billion; expenditures $99.7 billion; and deficit $4.3 billion.
Mote:
Figures in this table are for agencies as constituted at the time
expenditures were made, and therefore do not necessarily represent
functions which are comparable over a period of time.
For expenditures
by functions on a consistent basis, see Table 6.
Agency shifts are
reflected in this table as follows:
Beginning 1957, Alaska Road Construction from "Interior Department" to "Commerce Department," and
Federal intermediate credit banks and production credit corporations
as indicated in footnote 11; beginning 1953, Federal Facilities Corporation (remaining functions) from "Treasury Department" to "General
Remaining footnotes on following page.
;
77
40
..
.
.
.
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 4.
Receipts and Budget Expenditures
Interfimd Transactions Excluded from Both Net Budget
(In millions of dollars)
Interest payments to the Treasury 1/
Fiscal
year or
month
1957
1958
1959
1960
Total
interest
i67
456
567
355
557
342
632
69^
1961
65i
633
1962
1963
513
664
869
19a
1965p
1966 (Est.).
..
600
.
April.
May
June p
.
.
.
340
i21
181
465
ExportImport
Bank of
Washington
2/
and
Home
Finance
Agency
2/
351
34
15
532
310
11
134
51
.
.
':
u
.
79
92
.
to dat^
y
2/
8/
24
30
15
14
20
27
11
31
47
49
36
154
125
38
26
15
6/
3
42
4
4
35
7
6
3
6
Reimbursement by
Panama
Canal
Company
7/
10
9
12
11
25
13
12
14
15
17
35
18
8
16
18
22
Charges
for
audits
of
various
agencies
4
92
20
41
79
92
2
70
171
7/
Footnotes to Table 3
3/
4/
Other
y
9
9
10
11
9
9
7
90
118
146
160
152
147
ct
32
40
39
46
57
A
7
3
43
4/
10
14
19
23
1
11
Housing Administration.
Direct loan program.
By various agencies for programs under the Defense Production Act.
Consists of payments by the: Colorado River Dam Fund, Boulder Canyon
2/
Admin.
45
Source:
See Table 1.
1/ By Government agencies operated as revolving funds; on loans ( see " Debt
Outstanding," Table 6) and other interest-bearing U.S. investments.
2/ Excludes transactions under Defense Production Act,
2/ Consists of payments by: Office of the Administrator for college housing,
urban renewal, prefabricated housing loans for 1955, and public facility
loans beginning 1957: Federal National Mortgage Association; and Public
1/
Business
24
3i
41
410
330
186
199
459
640
620
499
^48
Small
Panama
Canal
Company
92
July
August.
Fiscal 19'
ity
Credit
Corp.
Veterans'
Administration
Under
Defense
Production
73
40
1965- January
February.
March.
.
Commod-
Housing
Tennessee
Valley
Authority
Consists of net expenditures of the Postal Fund, reflecting the change
in classification of Post Office transactions to a public enterprise
revolving fund basis, and beginning fiscal I960, payment for public
services
Beginning 1957, Federal aid for highways is excluded from budget expenditures and included in trust account expenditures (see Table 1).
Adjusted for reclassification.
Beginning with fiscal 1961, administrative expenses of the employment security program are handled as trust account expenditures rather
than budget expenditures, pursuant to the Employment Security Act of I960,
approved September 13, 1960 (42 U.S.C. 1101); see Table 1, footnote 14.
Includes $258.8 million paid to the International Monetary Fund for the
additional United States gold subscription, authorized by an act approved
June 2, 1965 (see "Monetary Statistics," Table 3).
Reported on an accrual basis effective June 30, 1955.
Includes Reconstruction Finance Corporation except beginning July 1,
Under Reorganisation Plan No. 2
1954, certain functions transferred:
of 1954 (15 U.S.C. 609, note) to the Export-Import Bank, the Federal
National Mortgage Association, and the Small Business Administration;
and under Executive Order 10539, as amended, (15 U.S.C. 603, note)
to the General Services Administration.
The corporation was abolished
at the close of June 30, 1957, by Reorganization Plan No. 1 of 1957,
and its remaining functions were transferred to the Housing and Home
Finance Administrator, Administrator of General Services, Administrator
of Small Business Administration, and Secretary of the Treasury.
Established pursuant to the Federal Aviation Act of 1958 (49 U.S.C.
1341 (a)), approved August 23, 1958.
2/
Ifl/
11/
IZ/
XL'
yj
project; Virgin Islands Corporation; Bureau of Federal Credit Unions:
Civil Defense Program Fund; Farmers' Home Adminstration:
Agricultural
Credit Insurance Fund ( formerly the Farm Tenant Mortgage Insurance
Fund), and the direct loan account, both established pursuant to Title
III of the Agricultural Act of 1961, approved August 8, 1961; Informational Media Guaranty Fund beginning 1959; Federal Ship Mortgage Insurance Fund beginning I960; and St, Lawrence Seaway Development Corporation beginning I960.
For net cost of Canal Zone Government, less tolls on Government vessels, and for part of treaty payment for use of Canal Zone.
Less than $500,000.
Preliminary.
p
-
(Continued)
Established pursuant to the National Aeronautics and Space Act of
1958 (A2 U.S.C. 24.72 (a)), approved July 29, 1958.
Consists of Federal payment and loans and advances.
For content, see Table 4.. These trajisactions are included in the
detail of both budget receipts and budget expenditures, but are deducted
from the totals (see Reporting Bases, p. II).
Effective January 1, 1957, the production credit corporations were
merged in the Federal intermediate credit banks, pursuant to the Farm
Credit Act of 1956, approved July 26, 1956 (12 U.S.C. 1027), and operations of the merged agencies (as mixed-ownership corporations) were
classified as trust enterprise funds from January 1, 1957, until
January 1959 when they were classified as Government-sponsored
enterprises (see "Trust and Other Transactions," Table 3); previously
the operations of the banks and the corporations, respectively,
were classified as public enterprise funds and were Included net in
budget expenditures
Includes $1,375 million paid to the International Monetary Fund for
the additional United States subscription, authorized by an act approved June 17, 1959, consisting of \'hkU million in gold (see
"Monetary Statistics," Table 3) and $1,031 million in special notes.
The special notes of the United States issued to international institutions are nonnegotiable and noninterest-bearing and are pa3ra.ble on
demand. See also "Consolidated Cash Transactions," Table 2 and "Debt
Outstanding," Table 1.
Includes allowances of $107 million for Appalachia and $^00 million for
contingencies
Less than $500,000. p Preliminary.
September 1965
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures by Functions
(Fiscal years;
Function
code
number
National defense ;
Department of Defense-Military
Military assistance
Atomic energy
Defense-related activities
051
057
058
059
Total national defense
International affairs and finance
Conduct of foreign affairs
Economic and financial programs
Foreign information and exchange activities
Food for Peace
in millions of dollars)
1966
through
July 1965 1/
I960
1961
1962
1963
1964
41,215
1,609
2,623
43,227
1,449
2,713
104
48,252
1,721
2,758
24
49,760
1,485
2,765
172
46,154
1,204
2,624
137
3,627
244
46,815
1,390
2,806
92
45,691
47,494
51,103
52, ''55
54,181
50,120
3,848
217
1,381
137
1,327
216
1,927
153
1,653
249
2,130
197
1,726
346
1,826
297
1,479
207
1,704
346
2,093
223
1,696
42
-36
19'!
5p
13
207
1
;
151
152
153
15i
Total international affairs and finance
201
1,779
19
3,064
3,954
4,301
4,151
3,687
4,359
25
Space research and technology
251
401
744
1,257
2,552
4,171
5,094
427
Agriculture and agricultural resources:
Farm income stabilization z/
Financing farming and rural hous Ing
Financing rural electrification and rural telephones
Agricultural land and water resources
Research and other agricultural services 2/
351
352
353
35i
355
2,370
2,345
4,144
300
342
404
251
342
410
341
391
414
3,429
274
392
418
451
300
10
368
293
349
301
397
324
3,093
234
303
426
3,954
239
330
3,650
3,717
4,397
5,390
5,560
4,964
465
1,235
1,394
1,564
280
68
71
81
94
94
112
51
331
61
73
91
55
1,699
303
60
73
1,747
332
91
105
130
73
1,831
375
105
120
134
95
163
220
65
68
1,714
2,006
2,147
2,352
2,478
2,660
257
563
508
38
525
265
716
569
36
654
835
658
875
727
39
800
565
396
64
65
4
43
50
13
Total agriculture and agricultural resources
Natural resources;
Land and water resources
Forest resources
Mineral resources
Fish and wildl if e resources
Recreational resources
General resource surveys and administration
iOl
AD2
403
i04
405
409
Total natural resources
Commerce and transportation:
Aviation
Water transportation
Highways
Postal service
Advancement of business
Area redevelopment
Regulation of business
,
501
502
503
505
506
507
508
Total commerce and transportation
Housing and community development
Aids to private housing
Public housing programs
Urban renewal and community facilities
National Capital region
74
781
271
797
427
7
672
41
770
366
101
59
67
74
84
39
578
401
401
91
1,963
2,573
2,774
2,843
3,002
3,500
-172
134
-44
-537
178
222
-595
149
306
-816
51
-149
163
261
74
70
122
320
349
815
510
2,061
938
809
2,170
304
914
33
36
65
54
47
6
12
17
11
98
:
551
552
553
555
Total housing and community development
Health, labor, and welfare:
Health services and research
Labor and manpower
Public assistance
Economic opportunity program
Other welfare services
,
651
652
653
655
659
Total health, labor, and welfare
Education:
Assistance
Assistance
Assistance
Other aids
for elementary and secondary education 4/,
for higher education
to science education and basic research.
to education ^/
^
701
702
703
704
Total education
Veterans' benefits and services;
Veterans' service-connected compensation 6/
Veterans' nonservice-connected pension 7/.
Veterans readjustment benefits
Veterans' hospitals and medical care
Other veterans' benefits and services 7/
'
Total veterans'
801
802
803
804
805
benefits and services
Footnotes at end of table.
(
-201
230
13
404
39
59
64
22
-67
-SO
-lis
1,123
1,354
591
224
2,437
2,788
1,671
345
2,994
1,609
464
3,100
327
382
423
466
210
514
3,690
4,2U
4,538
4.789
5,475
5,897
655
327
261
120
156
332
286
143
181
337
350
392
423
183
207
206
219
404
333
310
9
47
27
241
350
525
309
359
866
943
1,076
1,244
1,339
1,543
101
2,034
1,532
2,017
1,635
383
1,084
2,116
1,693
-13
2,158
1,743
4,109
371
2,049
1,265
725
961
266
-271
100
279
240
113
1,229
249
-42
1,270
166
5,414
5,403
5,136
5,492
5,503
iV:
5,266
130
30
150
162
559
1,030
259
Continued on following page)
1,U5
265
31
229
17
10
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures by Functions
(Fiscal years;
Function
code
number
Interest;
Interest on the public debt
Interest on refunds of receipts
Interest on uninvested funds
851
852
353
9,18
76
10
,
General government ;
Legislative functions
Judicial functions
Executive direction and management
Central fiscal operations
General property and records management
Central personnel management
Protective services and alien control
Other general government
Total general government
Undistributed
Total
Certain interfund transactions included
both expenditures and receipts
Less;
Budget expenditures (see table
1960
9 266
Total interest
3)
901
902
903
90 i
905
906
908
910
-
in millions of dollars)
109
i.9
20
558
372
84
263
(Continued)
September 1965
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITQRES
Table 7.- Detail of Excise Tax Receipts
(
In thousands of dollars)
Fourth quarter of
fiscal year ended June 30-
Fiscal year
Type of tax
1964
1964
(
Alcohol taxes: 1/
Distilled spirits.
Wines
Beer
Total alcohol taxes.
Tobacco taxes; 1/
Cigars
Cigarettes
Other
Total tobacco taxes.
Documentary and certain other stamp taxes;
Documentary stamp taxes 2/
Playing cards J/
Silver bullion sales or transfers i/
Total documentary and certain other stamp taxes.
Manufacturers' excise taxes:
Gasoline 5/.
Lubricating oil, etc
Tires, tubes, and tread rubber 5^/
Passenger automobiles, chassis, bodies, etc 6/
Trucks and buses, chassis, bodies, etc.
Parts and accessories for automobiles, trucks, etc
Radio and television sets, phonographs, components, etc j/
Refrigerators, freezers, air-conditioners, etc 7/
Electric, gas, and oil appliances }/
Pistols and revolvers
Phonograph records 2/
Musical instruments 1/
Sporting goods {other than fishing rods, creels, etc. ) 2/
Fishing rods, creels, etc
Business and store machines
Cameras, lenses, film, and projectors 1/
Electric light bulbs and tubes
Firearms (other than pistols and revolvers), shells
and cartridges
Mechanical pencils, pens, and lighters 2^
Matches 1/
^
^
Total manufacturers'
excise taxes.
Retailers' excise taxes:
Furs
Jewelry, etc
Luggage, etc
Toilet preparations
Total retailers'
Footnotes at end of table.
1965
(Apr. -June 1965)
2,507,068
103,733
830,855
2,575,320
110,242
891,936
2,740,256
112,448
919,934
675,665
27,923
243,756
687,960
25,757 13/
248,341 13/
3,U1,656
3,577,499
3,772,638
947,344
962,058
50,232
2,010, 52i
18,A81
56,309
1,976,675
19,561
60,923
2,069,695
17,976
16,266
520,967
4,929
15,505
532,553
4,525
2,079,237
2,052,545
2,148,594
542,162
552,583
1A0,372
8,574
124
162,680
8,891
43
178,159
8,128
40,724
2,275
46,117
1,117
149,069
171,614
186,289
42,999
47,233
2,497,316
74,410
398,860
1,559,510
303,144
224,507
184,220
61,498
68,171
1,618
27,421
20,175
18,099
6,300
74,845
25,205
35,998
2,618,370
76,316
411,483
1,745,969
350,945
228,762
197,595
62,799
77,576
1,837
25,098
21,748
20,633
7,342
71,867
29,530
41,511
2,687,135
76,095
440,467
1,887,691
425,361
252,874
221,769
75,987
80,983
2,206
26,692
25,810
21,317
7,373
74,426
35,095
42,754
606,745
17,620
101,646
469,330
94,024
56,303
47,215
15,180
23,201
414
6,694
4,686
4,590
2,598
18,443
4,041
9,636
625,214
17,273
115,259
556,617
139,880
16,235
8,674
4,102
17,455
9,299
4,359
20,201
9,468
4,W0
2,673
1,878
1,065
3,386
2,041
1,131
5,610,309
6,020,543
6,418,145
1,487,982
1,685,113
29,287
181,902
74,019
158,351
30,016
189,437
78,704
176,857
31,390
204,572
81,386
195,833
6,877
36,167
15,786
40,305
6,537
43,756
13,663
50,005
443,558
475,013
513,181
99,134
113,961
2
3/
excise taxes
Apr. -June 1964)
(Continued on following page)
59,329
66,346
22, 503
22,602
561
5,834
6,303
4,941
2,651
18,143
4,968
10,130
—
.
Treasury Bulletin
10
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 7.- Detail of Excise Tax Receipts
-
J
(Continued)
(In thousands of dollars)
Fourth quarter of
fiscal year ended June 30
Fiscal year
Type of tax
1963
Miscellaneous excise taxes
Admissions to theaters, concerts, etc
Admissions to cabarets, roof gardens, etc
Club dues and initiation fees
Toll telephone service, telegraph, cable, radio, etc.,
wire mileage service, wire and equipment service
General telephone service
Transportation of oil by pipeline 8/
Transportation of persons 9/
Transportation of property (including coal) 8/
Use of safe deposit boxes
Coconut and other vegetable oils processed 10/
Sugar
Diesel and special motor fuels 5/ 11/
Narcotics and marihuana, including occupational taxes.
Coin-operated amusement devices
Coin-operated gaming devices
Bowling alleys, pool tables, etc
Wagering occupational tax
Wagers
Use tax on highway motor vehicles weighing over
26,000 pounds 5/
Adulterated and process or renovated butter, filled
cheese, and imported oleomargarine
Firearms transfer and occupational taxes
Interest equalization
Total miscellaneous excise taxes
1965
1964
1964
(Apr. - June 1964)
:
Undistributed depositary receipts and adjustment 12 /
Unapplied collections
Total excise taxes
47,053
41,026
75,120
51,968
43,623
79,671
36i,618
515,987
379,608
530,588
9
10
233,928
451
106,062
277
7,423
14
95,411
128,079
1,282
5,215
17,548
5,606
687
5,369
99,481
100,199
102,038
16,380
7
54
3
50
75
14,597
17
320,300
5,013
15,240
4,897
531
,
73,131
5,167
12
99,903
113,012
1,153
,
10,469
9,916
?1,710
458,057
620,880
34
125,890
215
7,480
29
97,109
152,188
1,366
4,363
15,018
4,778
603
6,066
6,5U
'.
Total received with returns and from sale of stamps
42,789
39,79i
71,097
1.619.656"
105,7a
1
21,958
40
2,226
7
18,422
31,115
571
1,529
4,160
1,397
153
1,355
1
1-546.631
1,786.051
13,343,486
13,843,845
14,824,898
62,541
92,558
-55,210
3,710
13,828
?3,090
13,409,737
13,950,232
14.792,779
September 1965
11
.TRUST AND OTHER TRANSACTIONS.
Table 1.- Summary of Trust and Other Transactions
{
Trust and deposit fund accounts
Net receipts or
Fiscal year
or month
expenditures {-),
from trust
and other transactions
In millions of dollars
Excess of
receipts, or
expenditures (-)
Net
receipts
expenditures
1/
1/
Net sale, or investment
(-), by Government
agencies in public debt
securities 2/
Net sale, or redemption
C-), of securities of
Government agencies in
the market
1957
1958
1959
I960
195
633
-329
-50
1,363
829
-2,751
-870
14,301
16,153
16,769
20,342
12,938
15,325
19,521
21,212
-2,339
-597
1,130
-925
1,171
400
1,293
1,746
1961
1962
1963
1964
1965p
-602
i36
97
790
-851
22,793
25,141
1,42S
23,583
24,290
27,689
30,331
31,055
28,885
29,627
-855
-493
-2,069
-2,775
-2,362
-537
1,780
1,022
1,880
1966 (Est.)..,
-i56
718
33,616
32,898
-1,994
822
1965- January.
February
March.
64
193
146
-1,191
1,563
110
1,016
3,746
2,175
2,207
2,183
2,064
1,537
-1,353
-292
-282
-16
972
-577
-605
-748
2,562
-362
2,201
4,885
3,217
2,949
2,323
3,579
1,471
-3,597
-621
59
-1,001
2,223
1.417
4,572
2,418
2,349
1,045
-2,515
473
1,222
5,990
-1,470
i38
1,U3
1,U6
551
09
.
April.
May
June p
July
August
.
.
182
.
Fiscal 1966 to date.
26, 545
Actual figures are from the monthly statement of receipts and
expenditures of the Government (for explanation of reporting bases,
see page II); estimates, including effect of proposed legislation,
are from the 1966 Budget document released January 25, 1965.
Certain interfund transactions are excluded from both receipts and
expenditures beginning with the Jxily 1961 issue of the Bulletin.
For details see Table 6.
Includes guaranteed securities (see Table 4).
Source:
1/
12/
1,372
327
249
458
378
15
Note:
p
Figures in this table differ from those published prior to August
1963 for shifts in classification including security transactions of
Government-sponsored enterprises from deposit fund account expenditures
to net investment by Government agencies in public debt securities, and
net redemption of agency securities in the market; and certain deposit
fund account receipts from net receipts to net expenditures,
Preliminary.
Table 2.- Trust Receipts
(
Fiscal year
or month
|1957..
11958..
7,101
7,824
8,109
10,360
U959..
'i960..
11961..
tL962.
11,824
12,011
13,856
16,043
16,417
1963..
11964.
!1965p.
)a966 (Est.)...
||1965-January..
339
943
929
1,062
1,083
1,092
1,U5
1,211
1,241
1,455
723
695
758
1,403
1,912
1,855
1,997
2,703
608
640
634
643
1,051
1,081
1,128
1,192
1,342
3,803 4/
3,985
4,261
4,288
4,132
668
664
658
661
665
1
,
387
3,982
Government
Life
Insurance
Fund
58
2,033
2,086
2,255
2,465
2,674
2,800
2,955
3,293
3,540
3,669
778
50
49
629
23,583
24,290
27,689
30,331
31,055
599
33,616
515
528
505
521
V
-1
184
163
195
296
308
287
167
62
103
1,028
3,757
2,199
12
11
25
1,016
3,746
2,175
194
173
619
271
293
2,211
4,891
3,702
11
348
129
165
87
485
2,201
4,885
3,217
188
200
333
419
120
153
1,421
4,674
4
102
1,417
•4,572
752
274
:,095
34
43
174
2
39
1
217
123
1,000
85
3
See Table 1.
Includes principally District of Columbia receipts from taxes and
from Federal contributions, loans, and grants; funds appropriated to
the President - military advances under foreign assistance programs
and mutual security trust funds; certain Department of Agriculture
receipts; Indian tribal funds; increment resulting from reduction in
the weight of the gold dollar; and the Railroad Unemployment Insurance Administration Fund through November 1958 (for treatment after
November 1958, see Table 10, published quarterly).
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.
135
908
14,301
16,153
16,769
20,342
1,825
46
253
10
11
1/
3,954
96
Q04
2,672
1,546
1,402
1,495
24,097
24,818
28,193
30,852
31,684
890
transactions
2/
Net
trust and
other
receipts
2,747
11
112
581
14,311
16,164
16,904
21,250
Less:
Interfund
47
6U
July.
August.
535
711
Total
trust and
other
receipts
34,215
40
37
221
102
1/
681
638
242
901
161
97
222
122
Other
trust
receipts
1,482
2,044
2,088
2,541
19
1,219
2,997
1,466
Highway
Trust
Fund
1,397
1,458
1,741
1,766
54
52
665
Federal
employees'
retirement
funds
69
67
63
61
44
36
43
April.
May.
June p.
Source:
Retirement
Account
National
UnemService
ployment
Life InTrust
surance
Fund
Fund
214
622
87
155
105
Fiscal 1966 to date.
ftailroad
15
100
81
99
2,312
1,296
.
.
2/
17,553
Federal
Disability
Insurance
Trust
Fund
February.
March.
.
1/
Federal
Old-Age and
Survivors
Insurance
Trust Fund
In millions of dollars)
3
1
1
6
V
5,990
5/
Excludes certain interfund transactions consisting mainly of financial
interchanges between trust funds resulting in receipts and expenditures
(see footnote 2)
Beginning fiscal 1961, tax receipts under the Federal Unemployment Tax
UnAct are transferred currently to an administration account in the
employment Trust Fund pursuant to the Employment Security Act of I960,
approved September 13, 1960 (42 D.S.C. 1101 (b)); see "Administrative
Budget Receipts and Expenditures," Table 1, footnote 14Includes $600 million for hospital insurance for the aged.
p
Preliminary.
2/
4/
..
reasury Bulletm,
Tr
12
.TRUST AND OTHER TRANSACTIONS.
Expenditures
Table 3.- Trust, Deposit Fund, and Government -Sponsored Enterprise
(
In millions of dollars;
negative figures are excess of credits)
Trust and deposit funds
Federal National
Mortgage Association 1/
Unemployment
Trust
Fund
National
Service Life
Insurance
Fund
Government
Life
Insurance
Fund
Federal
employees'
retirement
funds
Highway
Trust
Fund
682
730
778
1,136
1,644
3,148
3,054
2,736
515
544
562
582
120
80
83
591
699
792
896
966
1,512
2,613
2,945
1,124
1,135
1,112
1,139
1,185
4,734
3,906
3,815
3,707
3,130
707
626
747
15,285
15,962
746
1,089
1,259
1,341
1,498
585
548
79
72
71
955
1,063
1,183
1,326
1,446
2,620
2,784
3,017
3,645
4,027
1966 (Est.)...
18,629
1,748
1,248
3,345
439
63
1,626
3,875
1965-January.
February.
March. .
1,290
1,308
1,320
116
122
116
104
103
308
296
4^9
191
17
9
-2
36
6
269
216
252
13
5
119
119
125
lU
•34
-19
17
1,322
1,323
1,780
122
122
150
104
100
279
212
247
32
30
32
5
124
124
127
211
229
359
27
1,324
1,319
122
158
34
127
208
29
130
337
331
-3
121
97
100
2,643
243
197
Federal Old-Age
and Survivors
Insurance Trust
Fund
Federal
Disability
Insurance
Trust Fund
1957
1958
1959
1960
6,665
8,0il
9,380
11,073
181
361
561
1961
11,752
13,270
Fiscal year
or month
1962
1963
1964
1965P
1
U,530
.
April.
May
June p
.
.
.
.
July
August
Fiscal 1966 to date.
Railroad
Retirement
Account
95
95
Trust and deposit
funds-( Continued)
Fiscal year
or month
1957
1958
1959
I960
Deposit
funds
Other
trust 3/
(net)
565 Z'
915 :y
672 2/
711
94
96
5
5
41
3
-42
42
-16
66
42
Farm
Credit
Administration 5/
Federal
home loan
banks
216
-31
-51
-75
12,901
15,962
18,363
21,636
274
116
562
437
-124
-628
205
23,546
24,577
26,365
27.549
28,877
33,099 8/
Federal
Deposit
Insurance
Corporation
Other
operations
924
102
176
946
-73
317
-730
-104
53
178
-2
2
-21
IS
24
42
IJ
Government-sponsored enterprises (net) 4/
Total
trust and
deposit funds
r inancing
by Treasury
Total
Total
trust
and
other
expenditures
854
182
-104
-115
-124
-134
46
-627
1,292
484
12,947
15,335
19,655
22,120
396
374
483
468
899
-487
372
363
1,572
660
-148
-154
-161
-183
-180
-239
1,092
685
1,857
1,379
23,308
25,669
27,050
29,406
30,256
460
150
-212
398
-10
154
116
-217
-151
-151
-29
-94
-4
-256
-90
-38
Less:
Interfund
trans-
Net trust
and other
expenditures
actions 6/
10
11
135
908
12,938
15,325
19,521
21,212
515
528
505
521
22,793
25,141
26,545
28,885
629
29,627
33,497
599
32,898 8/
2,218
2,194
2,089
12
11
25
2,207
2,183
2,064
11
6
1961
1962
1963
1964
1965p
697
835
1,208
1,055
1,148
1966 (Est.)..
1,897
30
1965-Janxiary.
80
97
-176
-148
-24
-75
2,474
2,284
2,127
201
110
196
-112
10
575
2,333
2,271
3,578
162
70
223
469
-5
May
June p..
626
3
-14
58
265
-2
486
2,959
2,329
4,064
485
2,949
2,323
3,579
July
August
78
159
-378
-99
1,919
2,305
83
183
420
503
146
2,422
2,451
4
102
2,418
2,349
-477
4,224
266
411
4,873
106
4,767
February
March.
.
April...
.
Fiscal 1966 to date.
-544
146
-567
-233
Source: See Table 1.
1/ Secondary market operations, as provided in the Housing Act of 1954,
approved August 2, 1954 (12 U.S.C. 1719). Funds provided by the
Treasury (-), or repaid to the Treasury, are shown in a separate
colujnn (and correspondingly are reflected net in budget expenditures).
2/ See Table 2, footnote 4.
2/ Includes principally District of Columbia operating expenditures; Funds
appropriated to the President - military advances under foreign assistance programs and mutual security trust funds; Indian tribal funds;
expenditures chargeable against increment on gold; and trust enterprise
funds (net)
The Railroad Unemployment Insurance Administration Fund
is Included through November 1958 (see Table 10, published quarterly),
the Employees' Life Insurance Fund (net) and the Employees' Health
Benefits Fund (net) beginning 1961.
,
6/
y
8/
p
-28
Previously shown as deposit funds (see Table 1, Note).
Includes banks for cooperatives. Federal intermediate credit banks,
and Federal land banks.
For content see Table 6. These transactions are included in the
detail of both trust receipts and trust expenditures, but are deducted
from the totals.
Includes expenditures of the Federal intermediate credit banks which
were operated as trust fund enterprises from January 1, 1957, until
January 1959, when these banks were classified as Government-sponsored
enterprises.
Total includes $20 million for hospital insurance for the aged.
Preliminary.
'
September 1965
13
.TRUST AND OTHER TRANSACTIONS.
Table 4.- Investments In Public Debt and Agency Securities
(Net)
(In millions of dollars; negative figures
are excess of sales)
Trust accounts, etc.
Fiscal year
or month
1957
1958
1959
I960
Total
1/
Total
trust
accounts,
etc. 1/
Federal
Old-Age and
Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
Railroad
Retirement
Account
Unemployment
Trust
Fund
National
Service
Life
Insurance
Fund
-1,130
925
2,302
506
-1,232
760
-499
-1,290
-726
1965P
855
i93
2,069
2,775
2,362
707
301
1,782
2,il2
2,327
-225
-1,089
-821
692
461
-129
-139
-263
1966 (Est.)..
l,99i
1,537
-1,096
-338
142
1965-January.
February
March . .
-1,537
1,353
292
-1,612
1,294
255
-1,245
776
-105
-92
-23
14
April.
May
June p..
-1,471
3,597
621
-1,362
3,737
471
-818
2,227
-92
-207
-7
844
-115
July
August.
-1,045
2,515
-1,108
2,446
l,i70
1,333
384
2,339
597
1961
1962
1963
196-;
.
.
Fiscal 1966
to date. .
.
220
325
729
552
494
36
-33
-35
264
274
-1,255
-1,011
-41
95
28=.
-78
-63
-952
72
456
-44
44
-90
69
573
U9
967
21
1
7
-3
Government
Life
Insurance
Fund
Federal
employees'
retirement
funds
other
trust
accounts,
etc. 1/
Highway
Trust
Fund
-16
-56
-17
-21
803
671
958
871
404
418
-393
-428
69
126
-35
-44
-25
-22
-22
1,063
1,034
1,075
1,126
1,214
233
202
242
-69
-3U
617
225
-15
1,109
46
586 3/
-227
379
-286
-la
-15
36
93
19
115
-15
17
81
63
-27
45
129
-662
347
82
39
76
62
5
-4
6
-5
65
46
67
190
-3
-4
28
71
47
485
-20
-74
120
27
558
-911
-99
-82
-76
9
-3
66
12
1,295
48
-6
687
10
-5
68
-23
611
19
134
-11
Trust accounts, etc. -( Continued)
127 2/
-24 2/
-3 2/
45
27
93
301
70
-33
Public enterprise funds
Government-sponsored enterprises
Fiscal year
or month
Total
Governmentsponsored
enterprises
1/
1957.
1958..
1959..
i960..
39
460
-70
239
Federal
Deposit
Insurance
Corporation
Federal
home
loan
banks
104
115
124
134
-67
346
-299
102
287
-122
612
-141
-104
1961..
1962..
1963.
1964.
1965p.
434
771
43
72
148
154
161
183
180
1966 (Est.).
263
212
50
29
94
4
-31
-64
335
5
-375
297
30
1965-January .
February
March
.
.
-2
30
339
April.
May...
June p.
-370
312
8
July. .
August.
-370
290
-370
259
-80
-no
Fiscal 1966
to date.
.
.
Banks
for
cooperatives
.
U
Source:
See Table 1.
1/ See Table 1, Note.
2/ Includes Federal intermediate credit banks.
3/
f'ederal
land
banks
Federal
intermediate
credit
banks 3/
105
2
1
3
1
Federal
Housing
Administration
36
91
102
166
78
149
191
287
363
35
97
-32
51
53
62
see
Other
ity
18
19
17
-85 i/
14
18
18
51
22
42
-27
-64
9
-29
-10
-18
457
68
335
45
75
18
8
-1
-3
36
138
-193
49
56
8
19
45
12
4
6
3
30
-61
-119
-50
-1
-57
-6
198
-17
17
15
18
7
18
13
52
t'S
»
14
15
Tennes-
Valley
Authori-
-12
63
69
^
25
6
Federal
Savings and
Loan Insurance Corporation
34
229
269
244
208
-109
-140
150
4/
Federal
National
Mortgage
Association /^
18
60
36
2
See also Table 3,
footnote 7.
Includes $500 million for hospital insurance trust fund.
Total
public
enterprise
funds
2
1
10
1
33
Management and liquidating functions as provided by the Housing Act
Investment inof 1954, approved August 2, 1954 (12 U.S.C. 1721).
cludes guaranteed securities.
Includes net transactions In guaranteed securities See also footnote 4.
Less than $500,000. p Preliminary.
.
Treasury Bulletin
u
_TRUST AND OTHER TRANSACTIONS.
Table 5.- Sales and Redemptions of Government Agency Securities In Market (Net)
(In millions of dollars; negative figures are excess of sales)
Securities not guaranteed by the United States
Securities guaranteed by the United States
Public enterprise funds
Fiscal year
or month
1957
1958
1959
I960
1961
Total 1/
Total
guaranteed
1966 (Est.)
1965-January
February
March
April
May
June p
July
August
Fiscal 1966 to date
Federal
Housing
fidminis-
tration
D.
C.
Public enterprise funds
Total not
guaranteed
1/
stadium
fund
233
6
638
797
-33
6
-10
-29
-33
6
-10
-23
537
-1,022
-1,?80
-1,372
-100
-204
-162
-206
223
-81
-204
-162
-206
223
-822
92
92
-914
145
-29
-27
145
-29
-27
137
45
-301
282
16
Federal
National
Mortgage
Association 2/
-1,137 2/
-406
-1,283
-1,717
-1,171
-iOO
-1,293
-1,746
-1,7:5j
1962
1963
1964
1965p
Federal
Farm
Mortgage
Corporation
Home
Owners'
Loan
Corporation
Trust
enterprise
fund
-19
-1 576
,
-360
-1,674
-1,595
62
62
-i^8
-378
51
16
51
16
-312
-509
-394
-15
116
-28
116
-28
-131
-445
-576
Home
Owners'
Loan
Corporation
September 1965
15
.TRUST AND OTHER TRANSACTIONS.
Table 6.- Interfund Transactions Excluded from Both
Net Trust Account Receipts and Net Trust Account Expenditures
(In millions of dollars)
Fiscal year
or month
1957
1958
1959
Federal
Old-Age and
Survivors
Insurance
Trust Fund 1/
Federal Disability
Insurance
Trust
Fund 1/ 2/
Railroad
Retirement
Account
1/ 3/
Unemployment
Trust
Fund 4/
1
403
436
6
13
22
22
27
411
23
4.23
1966 (Est.)...
1965-Januar}-..
211
132
101
38
35
32
37
9
58
47
90
50
82
Allen
property
activities 7/
April. .
May
June p.
July
August.
.
.
.
436
17
33
599
1
12
11
25
1
2
5
1
24
25
1
6
I
4/
^/
6/
7/
*
p
11
6
485
1
2
See Table 1.
Payments are made between the Railroad Retirement Account and the
Federal Old-Age and Survivors and Federal Disability Insurance trust
funds so as to place those funds in the position in which they
would have been if railroad employment after 1936 had been included
under social security coverage.
Includes interest on amounts reimbursed to the Federal Old-Age and
Survivors Insurance Trust Tuni for administrative expenses.
Includes temporary advances to the Railroad Unemployment Insurance
Account in the Unemployment Trust Fund when the balance in the account
is insufficient to meet payments of benefits and refunds due or to
become due.
135
908
515
528
505
521
629
9
Fiscal 1966 to date.
Source:
Total
11
9
10
10
12
12
13
15
1
24
.
3/
Colximbia 6/
1
11
9
February
March. .
2/
District
of
5
2
124
600
332
361
I960
1961
1962
1963
196i
1965 p
1/
Federal
employees'
retirement
funds ^/
95
4
102
05
13^
Repayment of advances plus interest to the Railroad Retirement Account.
See Footnote 3.
Transfers from the Civil Service Retirement and Disability Fund to
the Foreign Service Retirement and Disability Fund.
Contributions and beginning with 1958, transfers of deductions from
employees' salaries to the Civil Service Retirement and Disability
Fund, and advances to National Park Service.
Transfers to the Foreign Claims Settlement Commission.
Less than $500,000.
Preliminary.
Treasury Bulletin
16
CONSOLIDATED CASH TRANSACTIONS
Consolidated cash transactions reported in the Treasury-
both.
Noncash items representing the obligations of the
Bulletin are on a basis consistent with Federal receipts from
Government to make payments in the future also are eliminated
and payments to the public as derived in the Budget of the
from expenditures currently, but are added later when actual
United States (in the Budget for
1%6
in Special Analysis A).
Shown also is the amount of net cash borrowing from, or repay-
ment of borrowing to, the public.
Revisions of the figures for
earlier years have been made where necessary to make them as
nearly comparable with current Budget classifications as available data will permit.
For this reason certain of the figures
differ somewhat from those published in previous Budget doc-
payments are made.
These itans consist of certain interest
accrued on the public debt and expenditures involving the
Issuance of a few special public debt securities.
Checks
outstanding, deposits in transit, and other clearing accounts
are excluded from payments.
Receipts from the exercise of
monetary authority are excluded as not representing cash
received from the public.
Federal cash borrowing from the
public includes net borrowing ty the Treasury through public
cuments as well as in the Bulletin.
This series of cash transactions is designed to provide
information on the flow of money between the public and the
Federal Government as a whole, and therefore includes transactions not cleared through the account of the Treasurer of
the United States.
Receipts and payments include transactions
both in administrative budget acctxmts and in trust and deposit
furri
accounts,
ffejor
intragovemmental transactions which are
reported as both expenditures and receipts are excluded from
debt transactions and also net borrowing by Government agencies
and Government-sponsored enterprises through sales of their
own securities.
It excludes changes in the public debt which
do not represent direct cash borrowing from the public.
The
net effect of all these transactions with the public is reflected in changes in the balance in the Treasurer's account
and in cash held outside the Treasury.
September 1965
17
•CONSOLIDATED CASH TRANSACTIONS
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
Federal receipts from the public
IntragovemFiscal year
or month
Administrative budget
receipts
(net)
(net)
Fiscal year:
1957
mental and
other
noncash
transactions
(See Table 2)
Trust
receipts
70,562
68,550
67,915
77,763
77,659
14,301
16,153
16,769
-2,758
-2,811
-3,025
-3,027
Less:
Federal payments to the public
Equals:
Total
Federal
receipts
from the
public
Administrative budget
expenditures
(net)
82,105
Intragovernmental and
other
noncash
transactions
(See Table 2)
Trust fund
expenditures (net)
Excess of cash
receipts from,
or payments
to (-), the
public
Total
Federal
payments
to the
public
1965p
86,376
89,459
93,044
20,342
23,583
24,290
27,689
30,331
31,055
-3,834
-4,326
-4,259
-4,415
95,078
97,242
101,865
109,739
115,530
119,685
68,966
71,369
80,342
76,539
81,515
87,787
92,642
97,684
96,518
1966 (Est.)
94,400
33,616
-4,526
123,490
99,687
32,898
-5,188
127,398
-3,908
5,642
7,518
-272
-37
-298
6,387
11,227
13,065
7,676
7,146
8,139
2,207
2,183
2,064
-774
-637
9,109
9,606
9,566
-2,722
11, 188
1,016
3,746
2,175
April
May
June p
8,549
7,268
13,377
2,201
4,885
3,217
-257
-296
-1 ,288
10,492
11,857
15,306
8,268
8,116
9,081
2,949
2,323
3,579
-741
128
-1,125
10,476
10,567
11,535
1,290
3,771
July
August
3,807
7,350
1,417
4,572
-242
-328
4,981
11,595
7,240
8,990
2,418
2,349
37
960
9,696
12,299
-4,714
-705
5,990
-571
16,576
16,231
4,767
21,995
-5,419
1958
1959
1960
1961
1962
1963
1964
81 ,409
1965- January
February.
March
.
.
Fiscal 1966 to date
Plus:
-4,001
81 ,892
81 ,660
Fiscal year:
1957
Public
debt increase, or
decrease (-)
1958
1959
i960
-2,224
5,816
3,363
1,625
1961
2. .640
1962
1963
1964
1965p
9,230
7,659
5,853
1966 (Est.)..
.
July
August.
Fiscal 1966 to date.
2,099
-1,580
-13,092
750
-2,300
-5,797
-4,012
-4,802
-2,684
277
-282
-16
327
1,537
-1,353
-292
Plus:
Seigniorage
y
Treasurer
account
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-724
3,796
112
1,297
1,187
471
10
11
-1,550
2,197
-2,151
-110
-60
43
-2,108
13
1,289
13
12
5,619
10,785
2,446
1,248
10,517
6,612
4,958
4,572
531
292
200
-2,160
16
decrease
4,520
-1,994
400
1,293
1,746
-537
1,621
3,499
Equals:
Cash balances,
net increase, or
69
113
822
1,171
Noncash
debt
transactions
(See Table 2)
Total
cash
borrowing
from the
public,
or repayment (-)
-597
-536
-923
-1,033
-1,099
-267
5,693
-2,186
80,006
83,472
94,752
94,328
99,542
107,662
113,751
120,332
122,369
-3,100
5,820
8,626
1,84s
712
9,594
5,579
3,859
4,304
5,561
42
.
Total
securities
held by
the public,
increase, or
decrease (-)
1,780
1,022
1,880
1,372
1,900
.
Net investment
in securities by
Government
agencies 2/
-3,392
February
March. ..
April
May
June p
Net sales
of Government agency
securities i
market 1/
-2,339
-597
1,130
-925
-855
-493
-2,069
-2,775
-2,362
1965- January.
-3,222
-5,111
-3,423
-4,766
-5,266
-5,436
-6,237
-3,776
-1 ,899
Cash borrowing from the public, or repayment (-)
Change in securities held by the public
Fiscal year
or month
12,938
15,325
19,521
21,212
22,793
25,141
26,545
28,885
29,627
49
59
U
53
55
58
45
-1 ,080
1,575
105
'
(-)
Cash held
outside
the
Treasury
5
140
-23
-4
-222
118
-74
206
158
Total
changes
in the
cash
balance
-952
4,299
-4,422
2,651
-1,533
3,854
1,611
-874
1,733
25
-1,525
-95
116
2,101
1,405
447
-504
-197
975
1,598
552
-1,140
249
1,471
580
-57
523
2,661
458
378
-3,597
151
-621
-478
-2,186
-327
-2,187
14
1,480
1,795
15
367
-383
-50
473
1,045
-2,515
318
-383
9
14
-4,124
-858
-263
-215
-4,388
-1,073
48S
-1
,470
-16
-49
-65
24
-4,983
-473
-5,460
-1,944
-692
1,658
966
Source: Actual figures are based on the monthly statement of receipts
and expenditures of the Government and the dally Treasury statement
(for explanation of reporting bases, see page II); estimates, including effect of proposed legislation are from the 1966 Budget document
released on January 25, 1965. Later estimates contained in testimony
of the Secretary of the Treasury before the Senate Finance Committee
on June 15, 1965, are as follows:
Receipts $95.4 billion; expenditures $99.7 bllllonj and deficit $4.3 billion.
1/
2/
2/
P
See "Trust and Other Transactions", Table 5, for net sales and
redemptions of Government agency securities in market.
See "Trust and Other Transactions", Table 4, for net investments in
public debt and agency securities.
Includes increment resulting from redaction in the weight of the gold
dollar; excluded from receipts from the public but Included in cash
deposits in the Treasurer's account.
Preliminary.
,
..
,
Treasury Bulletin
18
•CONSOLIDATED CASH TRANSACTIONS
Table 2.- Intragovernmental and Other Noncash Transactions
(In millions of dollars)
Intragovernmental transactions excluded from both receipts and payments
Fiscal year
or month
Civil service retirement!/
Interest
on trust
fund
investments
Fiscal year:
1957
1958
1959
I960
1961
1962
1963
196i
1965P
Payroll
deductions
for employees
Employers'
share
Federal
payments
to District
of Columbia
66
37
75
Noncash
debt
transactions
relating
to receipts
Seigniorage
3/
Total
receipts
adjustments
Other 2/
Total
158
133
103
105
792 4/
2,709
2,751
2,980
2,975
3,945
3,776
4,281
4,190
4,302
113
4,326
4,259
4,415
49
2,758
2,811
3,025
3,027
4,001
3,834
318
,3i2
.315
327
ADA
i23
467
,603
,759
641
660
744
744
838
845
744
744
838
845
914
973
1,042
914
973
1,042
102
898
559
357
1966 (Est.)..,
1,855
1,034
1,034
149
342
4,414
112
4,526
1965-January.
February,
March, . .
17
50
11
89
19
76
95
89
76
95
48
-178
80
262
27
285
10
11
13
272
37
298
93
80
-8
55
93
80
23
42
13
12
1,080
89
89
7
9
244
284
1,274
14
257
296
1,288
6
65
89
89
24
24
90
90
15
53
233
314
9
14
242
328
40
78
547
24
571
April..
May
June p.
July
August.
42
..
.
.
Fiscal 1966 to date.
525
579
180
54
74
102
88
83
4
4
26
561
59
44
53
55
58
45
69
Noncash debt transactions relating to payments
Fiscal year
or month
Intragovernmental
transactions
(See
above)
Interest
Increment
on savings
and retiresecurities
ment plan
(net) 6/
bonds
United
Nations
funds
bonds
7/
(net)y
InterPraer-
ican
Development
Bank
2/
Fiscal year:
1957
1958
1959
1960
1961
1962
1963
1964
1965P
2,709
2,751
2,980
2,975
3,945
3,776
4,281
4,190
4,302
336
385
383
136
430
496
577
611
571
52
-131
418
205
-209
145
119
268
144
1966 (Est.)...
4,4U
1965-January.
February.
March. .
262
27
285
73
38
4
44
22
-21
244
284
1,274
35
17
49
65
-59
233
75
-3
314
24
4
547
99
.
April. .
May
June p,
.
.
July
August.
Fiscal 1966
to date. .
.
.
648
11/
3
-
International
Development
Association
2/
International
Monetary
Fund 7/
Other 8/
Total
noncash
debt
transactions
relating to
payments
Accrued
interest
on the
public
debt 2/
Checks
outstanding Total
payments
and
adjustcertain
ments
other
accounts 10/
September 1965
19
ACCOUNT OF THE TREASURER OF THE UNITED ^ATES
,
Source and Availability of the Balance in the Treasurer's Account
The account of the Treasurer of the United States reflects not only budget receipts and expenditures but also
trust, deposit fund, and public debt transactlona.
the same bank.
On occasions, to the extent authorized by the
Treasury, banks are permitted to deposit In these accounts
proceeds from subscriptions to public debt securities entered
for their own account as well as for the account of their
customers.
The working cash of the Treasury Is held mainly In
Treasurer'
accounts with Federal Reserve Banks and branches.
a
As the balances In these accounts become depleted,
they are
The tax and loan account system permits the Treasury
restored by calling In (transferring) funds from the tax and
loan accounts with thousands of conunerclal banks throughout
to leave funds In banks and In the communities In which they
arise until such time as the Treasury needs the funds for Its
the country.
operations.
In this way the Treasury is able to neutralize
the effect of Its fluctuating operations on bank reserves
and the economy.
Deposits to tax and loan accounts occur in the normal
course of business under a uniform procedure applicable to
all banks whereby customers of banks deposit with them tax
payments and funds for the purchase of Government securities*
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
In most cases the transaction Involves merely the transfer of
of the Treasury for 1955, pages 275-2SU.
money from a customer's account to the tax and loan account In
Table 1.- Status of the Account of the Treasurer of the United States
(In millions of dollars)
Treasury operating balance
End of
fiscal
year or
month
1957
1958
1959
I960
Available
funds in
Federal
Reserve
Banks
Tax and loan
accounts in
special
depositaries
i98
ilO
535
50i
4,082
8,218
3,744
6,458
40S
612
806
939
672
5,453
8,815
10,324
9,180
10,689
1964 -December,
820
1965-January.
February.
March. .
,
1961
1962
1963
1964
1965
,
,
,
.
April.
May
June..
. .
,
. .
July
August.
.
Gold
balance
in
Treasury
439
401
101
106
Silver
balance,
coinage
operating
balance
Unclassified
collections,
metal,
coin, and
etc.
currency
5,069
9,030
4,380
7,068
190
259
306
253
37
49
63
5,969
9,548
64
70
58
In Federal
Reserve
Banks in
process of
collection
In other
Total
depositaries assets
302
287
273
337
440
335
441
313
360
6,769
10,509
12,116
11,036
365
429
375
6,037
9,990
5,451
8,092
Balance in
Liabilities account of
Treasurer
of U. S.
V
447
240
100 2/
87
5,590
9,749
5,350^
8,005
120
120
108
11,251
10,238
179
147
136
145
58
222
303
342
234
11,469
534
55
233
320
12,610
12,610
5,377
157
6,354
361
58
227
295
7,295
7,295
914
988
867
3,612
5,800
7,271
124
4,650
6,909
8,253
408
452
492
82
57
54
270
206
167
336
319
266
5,745
7,942
9,231
5,745
7,942
9,231
944
111
7,990
9,810
11,469
507
527
534
4
34
478
875
672
6,934
8,822
10,689
55
233
357
272
320
9,336
10,816
12,610
9,336
10,816
12,61Q
947
916
6,333
5,548
79
62
189
268
145
291
8,486
7,627
8,486
7,627
109
121
121
114
112
108
111
104
7,390
6,569
Source: Daily Treasury statement.
Includes reserves and other deposits of the Board of Trustees, Postal
1/
Savings System, and uncollected items, exchanges, etc., through
December 1962.
Effective January 1963 balances of the Postal Savings
System funds were transferred to deposit fund accounts and became
demand obligations of the Treasury. Balances of these funds, therefore, are no longer liabilities within the general account of the
Treasurer. Uncollected items, exchanges, etc., also previously shown
as liabilities were combined with "Unclassified collections, etc."
shown under assets.
Treasurer's checks outstanding are included
742/
559
561
2/
173
75
79
6,694
10,430
12,116
1
1
,036
through June 1958, after which they are included in the balance in
(See footnote 2).
the Treasurer's account.
Through June 1958, the balance of the Treasurer was reduced when
Treasurer's checks were issued and the amount of the checks was
carried as a liability until paid. Effective July 1958, the balance
applying
is not reduced until the checks are paid, a procedure also
checks drawn on the Treasurer by Government disbursing officers
to
1/
and agencies.
Amounts shown, beginning January 1963, are net of uncollected items,
Previously these items were included under liabilities.
exchanges, etc.
.
Treasury Bulletin
20
ACCOUNT OF THE TREASURER OF THE UNITED STATES
.
Balances
Table 2.- Analysis of Changes In Tax and Loan Account
(In milliona of dollars)
Balance
Credits
Fiscal year
or month
Savings
bonds
Retirement
plan
bonds 2/
Tax
anticipation
securities
Withheld
Other
During period
Taxes
Proceeds from sales of securities 1/
and
excise 3/
Income (by
special
arrangement)
Total
credits
5,043
2,922
7,581
7,734
6,568
13,513
13,164
7,920
26,709
27,881
29,190
33,059
4,152
7,903
5,919
6,053
45, US
1961
2,787
2,725
2,699
2,760
2,635
7,613
5,898
2,963
1,788
3,774
3,830
2,014
34,511
9,142
37,519
41,267
43,580
42,475
6,521
55,842
56,438
57,595
58,277
60,050
June ....
July
August.
4,032
8,218
3,744
6,458
6,078
8,869
8,055
6,458
313
1,078
912
1,390
2,987
3,246
3,638
4,103
7,653
8,839
10,324
10,257
10,872
1,161
1,531
4,151
59,421
58,540
5,453
8,815
10,324
9,180
10,689
2,535
1,577
1,844
5,431
6,076
2,221
4,438
3,450
4,478
5,599
46,000
50,908
62,994
54,782
56,847r
53,076
56,085
4,457
5,325
4,747
1,860
5,894
6,699
1,259
5,088
4,640
35
4,198
3,119
5,444
3,612
5,800
7,271
5,514
5,822
7,960
1,844
3,447
2,038
2,433
5,307
6,915
220
196
207
1,503
5,498
4,655
2,022
412
2,044
3,745
6,106
6,906
4,082
4,218
5,040
6,934
8,822
10,689
6,934
9,272
10,872
3,368
6,901
5,766
4,826
8,183
7,968
229
1,462
5,542
74
1,764
6,120
5,752
6,537
6,333
5,548
11,274
6,521
6,145
5,197
8,104
5,962
274
219
238
May
6,335
9,921
12,598
55,044
58,520
57,496
3,816
217
1965-January.
February
March. .
.
Average
5,377
1964 -December
April.
Low
^
2,976
2,324
2,668
2,679
2,340
End of
period
High
1957
1958
1959
I960
1962
1963
196a
1965
Withdrawals
865
210
Source: Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U.S. Government securities
purchased by them for their own account, or for the account of their
customers who enter subscriptions through them, when this method of
pa3nnent is permitted under the terms of the circulars inviting subscriptions to the issues.
2/ Retirement plan bonds first offered for sale as of January 1, 1963.
2/ Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows: Withheld income tax beginning
V
^
»
r
3,111
March 1948; taxes on employers and employees under the Federal Insurance Contributions Act beginning January 1950, and under the Railroad
Retirement Tax Act beginning July 1951; and a number of excise taxes
beginning July 1953.
Under a special procedure begun in March 1951, authorisation 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
This procedure is followed
to the tax and loan account in that bank.
during some of the periods of heavy tax payments.
Less than $500,000.
Revised.
September 1965
21
•ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table 3.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
(
In
millions of dollars)
Net cash transactions other than borrowing
Period
Deposits and withdrawals (budget,
trust, and other accounts)
Cash
deposits
Fiscal year:
1957
1958
1959
I960
Cash withdrawals 1/
Excess of deposits,
or withdrawals (-)
Clearing
accounts
2/
81,875
32,094
81,612
94,862
77,279
85,015
93,736
93,817
4,596
-2,921
-12,124
1,904
1,827
-306
1,0U
309
96,897
105,911
114,454
121,562
125,464
97,774
112,188
118,477
124,047
126,395
-877
-6,278
-4,023
-2,485
-931
1965-January.
February
March
—
6,570
12,689
13,494
9,702
11,095
9,987
-3,132
1,594
3,507
April
May
June ....
10,264
13,675
15,018
9,530
12,388
10,775
733
1,287
4,244
July. . .
August. ,
5,564
12,909
9,445
14,106
-3,880
-1,197
Fiscal 1966 to date.
18,474
23,551
-5,077
1961
1962
1963
1964
1965
. .
61
Plus:
Net cash borrowing, or repayment of
Total net
borrowing (-)
transactions
..
.
..
.,
Treasury Bulletin
22
DEBT OUTSTANDING
Table 1.- Summary of Federal Securities
(
In millions of dollars)
Matured debt and debt bearing no interest
Interest-bearing debt
Total outstanding
Public debt
End of
fiscal
year or
month
Total 1/
Public
debt 2/
Guaranteed
securities
3/
3,299
3,759
3,906
4,356
4,161
4,388
4,311
4,340
4,367
4,349
5,053
4,163
4,347
5,052
4,161
4,388
4,346
4,384
4,344
314,362
313,553
314,336
316,235
314,049
313,677
315,545
313,332
659
690
717
657
606
590
312,864
314,770
313,702
312,209
314,166
313,113
655
604
474
312,667
314,396
312,197
313,896
470
288,971
298,201
305,860
311,713
317,274
1964.-Dece!nber
318,750
317,940
1965- January
February
March,
318,646
320,575
313,416
317,983
319,883
317,697
064
693
719
April . .
May
June ....
317,213
319,823
317,864
316,557
319,218
317,274
July.
317,056
318,742
316,582
318,240
August ,
3,300
3,759
3,907
4,357
4,163
285,672
294,442
301,954
307,357
313,113
289,211
293,645
306,466
312,526
317,864
. .
240
285,911
294,886
302,559
303,169
313,702
1961
1962
1963
1964
1965
.
2,042
1,646
2,873
3,090
240
284,817
286,471
276,343
284,706
286,331
,
2,042
1,646
2,873
3,090
268,486
274,593
281,833
283,241
270 527
W4
Matured
106
101
110
139
268,592
274,798
281,944
283,380
270,634
Special notes to
3/4/
107
101
111
140
1957
1958
1959
I960
276,
Tota
Public
debt
Guaranteed
securities
444
607
813
590
502
4U
605
812
589
589
499
Source:
Daily Treasury statement.
\/ Includes certain debt not subject to statutory limitation. For amounts
subject to limitation, see page 1.
2/ Includes debt incurred for advances to certain wholly owned Government
agencies in exchange for which their securities were issued to the
Treasury (see Table 6).
2/
4/
^
6/
International
Monetary
Fund
International
Development
Association
Interflmerican
Other
Development Bank
1,068
618
1,979
2,233
529
597
476
445
444
430
417
407
310
295
292
2,496
2,667
2,922
3,289
3,167
115
129
142
138
125
150
150
396
484
420
480
414
4,387
337
3,308
179
150
413
4,306
4,337
4,364
262
294
272
3,303
3,303
3,373
179
179
159
150
150
150
412
411
411
250
3,367
3,167
3,167
159
159
138
150
150
150
422
418
3,462
3,434
138
150
394
138
150
394
349
438
1,158 6/
292
240
227
Guaranteed
securities 3/
( matured)
58
55
4U
Held outside the Treasury.
Consists of Federal Housing Administration debentures, and also D. C.
Armory Board stadium bonds beginning July 1959.
For current month detail, see "Statutory Debt Limitation," Table 2.
Includes $909 million in Treasury bills which matured May 31, 1965
but for which settlement was made on June 1, 1965.
Table 2,- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
Total interest-bearing securities
End of
fiscal year
or month
Amount
outstanding
Public debt
and guaranteed securities 1/'
Public
debt
Computed annual interest rate
Computed annual
interest charge
Public debt
and guaranteed securities 1/
Public
debt
Public debt
Total
interestbearing
securities
Treasury
bonds
Nonmarketable
issues
4/
Special
issues
Guaranteed
securities
1/
Marketable issues
Total
public
debt
Total
i/
Bills
3/
Certificates
Notes
283,380
268,486
274,698
231,833
233,241
7,323
7,248
3,069
9,320
7,325
7,245
8,066
9,316
2.730
2.638
2.867
3.297
2.730
2.638
2.867
3.297
2.707
2.546
2.891
3.449
3.197
1.033
3.316
3.815
3.345
3.330
2.342
4.721
2.504
2.806
3.304
4.058
2.482
2.576
2.619
2.639
2.853
2.892
2.925
3.219
2.635
2.630
2.694
2.772
2.611
2.622
2.628
2.681
285,911
294,886
302,559
308,169
313,702
285,672
294,442
301,954
307,357
313,113
8,769
9,534
10,141
10,931
11,438
8,761
9,519
10,119
10,900
11,467
3.072
3.240
3.361
3.561
3.678
3.072
3.239
3.360
3.560
3.678
3.063
3.285
3.425
3.659
3.800
2.584
2.926
3.081
3.729
4.064
3.073
3.377
3.233
3.704
3.630
3.921
3.854
3.842
2.829
3.122
3.344
3.471
3.642
3.330
3.364
3.412
3.462
3.493
2.803
2.891
3.003
3.233
3.372
3.1U
3.500
3.658
3.732
3.660
1964-Deceraber,
314,362
313,553
11,247
11,217
3.593
3.593
3.696
3.854
3.811
3.536
3.484
3.248
3.773
1965-January.
February,
March. .
314,336
316,235
314,049
313,677
315,545
313,332
11,348
11,487
11,435
11,324
11,462
11,408
3.626
3.649
3.657
3.626
3.649
3.657
3.738
3.769
3.782
3.900
3.957
4.013
3.815
3.826
3.825
3.607
3.629
3.629
3.488
3.489
3.492
3.261
3.279
3.282
3.680
3.697
3.715
312,864
314,770
313,702
312,209
314,166
313,113
11,425
11,508
11,401
11,486
11,467
3.668
3.672
3.678
3.668
3.672
3.678
3.797
3.803
3.800
4.053
4.064
4.064
3.844
3.343
3.842
3.630
3.642
3.642
3.496
3.483
3.493
3.271
3.320
3.372
683
661
312,667
312,197
313,896
11,423
11,512
3.675
3.683
3.675
3.633
3.795
3.800
4.047
4.047
3.342
3.848
3.642
3.652
3.491
3.506
3.367
3.393
1957
1958
1959
1960
268, 592
1961
1962
1963
1964
1965
274,798
281,9U
.
April .
May
June
.
July
August
.
.
314,396
11,488
11,
UO
11,530
Source:
On the basis of the daily Treasxiry statement.
Note:
The computed annual interest charge represents the amount of interest
that would be paid if each interest-bearing issue outstanding at the end
of each month or year should remain outstanding for a year at the
applicable annual rate of interest. The charge is computed for each
issue by applying the appropriate annual interest rate to the amount
outstanding on that date (the amount actually borrowed in the case of
securities sold at a premium or discount, beginning with May 1960).
The aggregate charge for all interest-bearing issues constitutes the
total computed annual interest charge. The average annual interest
rate is computed by dividing the computed annual interest charge for
1/
2/
2/
4/
.660
.580
,615
the total, or for any group of issues, by the corresponding principal
amount. Beginning with data for December 31, 1958, the computation is
based on the rate of effective yield for issues sold at premium or
discount. Prior to that date it was based on the coupon rate for all
issues.
Guaranteed securities included are those held outside the Treasury.
Total includes "Other bonds" through I960; see Table 3.
Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
On United States savings bonds the rate to maturity is applied against
the amount outstanding.
September 1965
23
DEBT OUTSTANDING
Table 3.- Interest -Bearing Public Debt
(In millions of dollars)
Public issues
Total
interestbearing
public
debt
End of
fiscal
year or
month
Marketable
Nonmarketable
Total
public
Treasury
Total
Certificates
Notes
Treasury
bonds jy
Total
1957
1958
1959
I960
268,486
274,698
281,833
283,241
221,658
228,452
237,078
238,342
155,705
166,675
178,027
183,845
23,420
22,406
32,017
33,415
20,473
32,920
33,843
17,650
30,973
20,416
27,314
51,483
80,839
90,932
84,853
81,297
65,953
61,777
59,050
54,497
1961
1962
1963
240,629
249,503
257,153
260,729
264,463
187,148
196,072
203,508
206,489
208,695
36,723
42,036
47,230
50,740
53,665
13,338
13,547
22,169
56,257
65,464
52,145
67,284
52,549
80,330
75,025
53,481
53,431
53,645
1964
1965
285,672
294,442
301,954
307,357
313,113
102,481
1964- December
313,553
267,477
212,454
56,476
58,976
1965- January.
February.
March. . .
313,677
315,545
313,332
269,441
269,976
267,674
214,411
214,863
212,507
58,429
53,833
56,525
53,203
55,463
267,807
266,333
264,463
212,451
210,954
208,695
56,925
.
312,209
314,166
313,113
.
312,197
313,896
264,408
264,116
208,664
208,402
April.
May
June ,
.
.
-
. .
July
August.
bonds,
savings investbonds
ment
series
54,622
51,984
50,503
47,
5U
Depositary
bonds
Foreign
series
securities 2/
Foreign
currency
series
securities 3/
11,135
9,621
8,365
6,783
196
5,830
4,727
860
648
392
1,132
630
832
1,137
Special
issues
Other
4/
46,827
46,246
44,756
44,899
171
183
170
54,240
55,768
47,514
47,607
43,314
49,299
50,043
3,546
3,256
117
138
103
103
59
141
45,043
44,939
44,801
46,627
48,650
97,002
55,024
49,734
3,388
105
634
1,086
76
46,076
55,481
102,779
100,567
100,502
55,030
55,112
55,166
49,803
49,881
49,935
3,355
3,348
3,326
104
104
93
604
589
609
1,086
1,112
1,137
78
79
67
44,235
45,570
45,659
55,051
52,523
52,549
100,475
102,503
102,481
55,356
55,379
55,768
49,959
50,002
50,043
3,285
3,282
3,256
72
699
722
1,132
1,137
1,137
1,137
205
175
53,665
44,402
47,833
48,650
53,662
53,657
52,549
50,435
102,452
104,310
55,744
55,714
50,119
50,155
3,255
3,252
51
919
864
1,259
141
1,259
136
55,928^7
81 ,964
88,464
Source: Daily Treasury statement.
1/ Includes $50 million of Panama Canal bonds for fiscal years 1957-60.
2/ Consists of certificates of indebtedness. Treasury notes beginning
January 1963, and Treasury bonds beginning September 1964, sold to
foreign governments for U. S. dollars.
3/ Consists of the dollar equivalent of Treasury certificates of
indebtedness and from October 1962 Treasury bonds issued and
3,921
61
59
49
75
19
25
29
68
141
payable in designated foreign currencies.
Includes mainly Treasury bonds. Rural Electrification Administration
series beginning July 1960, and retirement plan bonds beginning
January 1963.
Excludes $998 million Treasury bills maturing May 31, 1966 for which
settlement was made on June 1, 1965.
4/
5/
Table 4.- Average Length and Maturity Distribution of Marketable Interest-Bearing Public Debt
(In millions of dollars)
End of
fiscal year
or month
Maturity classes
Amount
outstanding
Within
year
1
1957
1958
1959
1960
155,705
166,675
178,027
183,845
1961
1962
1963
1964
1965
1
- 5
years
5
- 10
years
12,328
10 - 20
years
26,407
27,652
21,625
12,630
10,233
9,319
8,360
3,355
8,449
187,148
196,072
203,508
206,489
208,695
71,952
67,732
72,953
70,467
81,120
88,442
85,294
81,424
87,637
40,669
42,557
58,304
72,84A
58,400
1964-December.
212,454
88,451
64,007
36,421
6,108
1965-January.
February.
March, ..
214,411
214,863
212,507
86,798
89,829
87,517
57,886
59,703
62,135
43,902
39,532
37,120
6,107
6,106
6,106
212,451
210,954 2/
208,695
88,126
89,901 2/
87,637
61,487
56,178
56,198
37,116
39,172
39,169
6,106
8,450
8,U9
208,664
208,402
87,635
92,446
56,192
55,266
39,166
35,032
8,448
8,448
April.
May
June.
.
July...
August.
57,041
58,026
65,453
56,198
Source:
Office of Debt Analysis in the Office of the Secretary.
1/ All issues are classified to final maturity except partially tax-exempt
bonds which have been classified to earliest call date. The last of these
47,789
49,780
21,476
17,052
20,246
26,435
26,049
37,385
34,929
39,169
20 years
and over
1/
.
,
Treasury Bulletin
24
DEBT OUTSTANDING
Table 5.- Special Public Debt Issues to United States Government Investment Accounts
(
Exchange
Stabili-
Federal
Deposit
Insurance
Corporation
Federal
Disability
Insurance
Trust
Fund
Federal
home
loan
banks
End of fiscal
year or month
Total
1957
1958
1959
1960
46,827
46,246
a, 756
44,899
718
673
629
694
325
50
996
1,533
2,017
165
165
1961
1962
1963
1964
1965
45,043
44,939
44,801
46,627
48,650
2,299
2,304
2,165
1,903
1,563
50
108
292
232
556
500
260
270
312
. .
46,076
478
308
614
. .
44,235
45,570
45,659
April
May
June
July
August
196>i-December.
1965- January
February.
March
zation
Fund
In millions of dollars)
Federal
Old-Age
and
Survivors
Insurance
Trust Fund
Federal
Savings
and Loan
Insurance
Corporation
Federal
employees'
retirement
funds
Government
Life
Insurance
Fund
Highway
Trust
Fund
19,463
18,610
17,227
16,413
103
112
116
104
7,394
7,738
8,608
9,397
1,200
1,144
1,127
1,107
404
322
429
138
182
98
332
287
10,414
11,382
12,438
13,530
U,577
1,071
1,028
1,003
956
933
234
74
372
82
100
16,200
15,074
14,221
14,799
15,261
1,656
25
14,256
288
13,966
936
1,486
1,494
1,490
66
595
667
221
287
291
13,008
13,785
13,873
241
241
241
13,931
13,977
14,044
921
917
912
44,402
47,833
48,650
645
770
232
296
311
312
1,417
1,536
1,563
184
100
13,055
15,282
15,261
161
89
237
14,115
14,093
47,789
49,780
586
312
130
1,464
1,511
59
U,350
333
15,645
30?
187
658
59
64
174
50
Source:
Daily Treasury statement,
Adjusted Service Certificate Fund (through December 1956),
1/ Consists of:
H,577
U,643
14,522
National
Service
Life
Insurance
Fund
Railroad
Retirement
Account
Unemployment
Trust
Fund
Other
1/
5,570
5,665
5,742
5,803
3,475
3,531
3,417
3,586
7,996
6,671
5,636
5,580
129
120
5,759
5,804
5,714
5,783
5,909
4,625
4,657
4,803
4,931
5,799
192
182
155
172
287
5,837
3,504
3,316
2,786
2,969
3,123
2,760
5,405
161
129
148
5,696
5,701
5,707
2,668
2,650
2,664
5,184
5,565
5,278
16 5
909
905
933
229
293
265
5,711
5,719
5,909
2,572
2,565
3,123
5,071
5,914
5,799
170
173
23"
931
926
277
5,918
3,041
5,723
183
254
5,928
3,035
6,410
242
1
436
673
609
265
36
12t,
138
164
163
Postal Savings System through 1962, various housing insurance funds.
Veterans' Special Term Insurance Fund, and beginning May 1965,
Veterans' Reopened Insurance Fund.
September 1965
25
DEBT OUTSTANDING
,
Table 6.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Agriculture Department
Agency
for
International
Development ^y
End of
fiscal
year or
month
Commodity
Credit
Corporation
Rural
Electrification
Administration
Secretary:
Farmers
Home
Administration
programs
2/
ExportImport
Bank of
Washington
3/
Housing and Home
Finance Agency
Federal
Adminis- National
trator
Mortgage
Associ4/
ation
^
1957
1958
1959
1960
22,731
21,859
25,343
25,636
,198
,188
,164
,138
13,383
11,528
12,874
12,704
2,519
2,728
2,923
3,155
265
256
323
369
1,205
1,528
1,937
1,636
282
476
730
977
1,741
1,502
2,351
1961
26,011
1962
1963
28,634
29,166
29,241
23,354
,107
,062
807
735
712
11,534
12,990
13,599
13,990
456
854
1,027
1,170
1,235
1,698
1,830
1,476
830
13,111
3,332
3,484
3,657
3,828
4,075
513
1,213
1,567
2,005
2,302
2,753
3,202
3,167
2,716
2,393
1,899
1964-December
28,699
725
13,643
3,980
1,186
368
2,602
1965-January.
February
March . .
28,687
27,484
27,795
724
724
724
13,733
12,495
12,783
3,980
3,980
3,980
1,212
1,209
1,232
338
342
327
28,128
28,352
28,354
724
724
712
13,028
12,995
13,111
4,070
4,070
4,075
1,222
1,254
1,235
25,697
712
10,803
4,075
26,612
712
11,532
4,170
1964
1965
April.
May
June.
.
. .
July
August.
.
41
35
27
29
32
32
25
Tennessee
Valley
Veterans'
Administration:
Direct
Authorloan
ity
program
Under
Defense
Production
Act
of 1950
6/
Other
7/
48
97
112
118
733
780
930
1,180
1,294
1,723
1,950
1,970
21
121
121
1,964
1,976
1,923
2,C19
2,056
22
22
29
13
22
21
123
123
124
85
95
1,330
1,530
1,730
1,730
1,730
2,209
123
95
1,730
1,996
40
2,602
2,673
2,719
2,120
2,082
2,049
123
123
123
95
95
95
1,730
1,730
1,730
1,986
1,986
1,986
42
383
548
513
2,744
2,774
2,753
1,974
1,937
1,899
124
124
95
95
1,730
1,730
1,986
2,051
48
49
124
95
1,730
2,056
51
1,237
336
2,803
1,668
124
95
1,730
51
1,256
367
2,838
1,672
124
95
1,730
2,063
2,063
Source: Daily Treasury statement.
Note: These securities were issued to the Treasury in exchange for advances by the Treasury from public debt receipts under congressional
authorization for specified government corporations and other agencies
to borrow from the Treasury.
Further detail may be found in the 1964
Annual Report of the Secretary of the Treasury, pages 685-8, and the 1964
Combined Statement of Receipts, Expenditures and Balances of the United
States Government, pages 506-507.
Beginning fiscal 1957 figures exclude notes
1/ And predecessor agencies.
previously issued by the Administrator in connection with informational
media guaranties. The obligation for these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S.C. 1442), and the notes together with
others issued for the same purpose are included in "Other."
2/ Farm housing and other loan programs, and Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund).
2/ Includes securities transferred from the Reconstruction Finance Corporation, but excludes securities issued under the Defense Production
Act.
Consists of notes issued to borrow for: The urban renewal program
^
2,338
Saint
Lawrence
Public Seaway
Housing DevelopAdmin- ment
istra- Corporation
tion
^
6/
7/
50
35
51
44
46
53
(formerly slum clearance program); college housing loans; and public
facility loans.
Consists of liabilities taken over by the Association from the
Administrator in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.C.
1719 (c), 1720 (d), and 1721 (d)) and also securities transferred
from the Reconstruction Finance Corporation.
Consists of notes of: The Administrator, General Services Administmtion, for defense materials procurement; the Secretary of Agriculture;
the Secretary of the Interior (Defense Minerals Exploration Administration); the Export-Import Bank of Washington through March 1962;
and the Secretary of the Treasury.
Consists of notes issued by the: Secretary of the Treasury; Small
Business Administration, fiscal year 1957; United States Information
Agency for informational media guaranties (see footnote 1); Secretary
of Commerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund fiscal years 1959-61, and 1963-65, beginning March 1963;
Virgin Islands Corporation beginning fiscal 1960; District of Columbia
Commissioners for the Stadium Sinking Fund beginning June 1962; and
Secretary of the Interior (Bureau of Mines) for development and operation of helium properties beginning May 1964.
..
..
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 dollars)
Federal National
Mortgage Association
Eni of fiscal
year or month
19''7
Total
Banks for
cooperatives
50
145
145
180
4,757
2,198
2,556
1,960
1,698
1,797
4,369
2,112
3,169
1,601
190
686
670
723
696
678
686
4,120
3,905
4,090
4,184
4,484
4,757
2,102
2,143
2,206
2,278
2,367
2,462
3,169
3,298
3,298
3,415
3,415
3,532
1,723
1,739
1,739
1,795
1,898
1,797
190
190
190
190
225
225
686
710
4,807
5,057
2,546
2,627
3,532
3,612
1,795
1,804
225
686
5- January.
11,990
11,945
12,246
12,557
13,067
13,460
13,591
14,035
February
March.
.
April.
May
June.
.
.
.
July
August.
1,050
1,165
1,290
2,284
2,357
2,550
2,725
2,973
3,532
12,127
I'jf'
570
797
797
797
1,723
1,855
2,133
2,315
2,462
rJ64- December
,
All other
issues
Tennessee
Valley
Authority
1,055
1,797
2,770
4,201
382
430
459
498
686
1962
1963
196i
1965
Management
and liquidating issues
1,552
1,646
1,888
2,137
7,765
9,332
10,192
11,865
13,460
1961
Federal land
banks 2/ 3/
924
1,159
1,456
1,600
284
330
1959
1960
Federal
Intermediate
credit banks
738
456
992
1,259
179
199
5,013
5,423
6,708
8,407
liM
Federal
home loar.
banks 1/
Source:
Office of Debt Analysis and agency reports.
Note:
The securities shown in the table are public offerings.
1/ The proprietary interest of the United States in these banks ended
in July 1951.
2/
3/
225
225
The proprietary interest of the United States in these banks ended in
June 1947.
Figures do not include securities which are issued for use as collateral for commercial bank borrowing and not as a part of public offerings.
Includes small amounts owned by Federal land banks.
September 1965
27
.STATOTOEY DE3T LIMITATION
The Second Liberty Bond Act (31 U.S.C. 757b), as amended
30, 1959, provides that the face amount
of obligations issued under authority of that act, and the face
amount of obligations guaranteed as to principal and interest
by the United States (except guaranteed obligations held by
the Secretary of the Treasury) shall not exceed in the aggregate $285 billion outstanding at any one time. The corresponding limitation in effect under the act of June 26, 194-6,
was $275 billion and that under the act of September 2, 1958,
vas $283 billion. Tenporary increases to the permanent limita$10
tion of $285 billion, have been authorized as follows:
billion from July 1, 1959, through June 30, I960 (act of
June 30, 1959); $8 billion frcm July 1, I960, through June 30,
by an act approved June
1961 (act of June 30, I960); $13 billion from July 1, 1961,
through March 12, 1962, and $15 billion from March 13 through
June 30, 1962 (acts of June 30, 1%1, and March
13, 1962); $23
billion frcm July 1, 1962, through March 31, 1963, $20 billion
from April 1 through May 28, 1963, $22 billion from May 29
through June 30, 1963, and $24. -billion from July 1, 1963
through June 30, 1964 (acts of July 1, 1962, May 29, 1963,
August 27, 1963, and November 26, 1963, and an additional
$6 billion, making a total of $30 billion, from December 1,
1'963, through June 29, 1964 (act of November 26, 1963)); $39
billion from June 29, 1964 through June 30, 1965 (act of
June 29, 1964); and $43 billion from July 1, 1965 through
June 30, 1966 (act of June 24, 1965).
Table 1.- Status Under Limitation August 31, 1965
(In millions of dollars)
Maximum amount of securities which may be outstanding at any one time under limitation imposed by the act
of June 30, 1959 (31 U.S.C. 757b), as increased temporarily by the act of June 24, 1965
328,000
Amount of securities outstanding subject to such statutory debt limitation:
U. S. Government securities issued under the Second Liberty Bond Act, as amended
Guaranteed securities held outside the Treasury
317,958
502
Total amount of securities outstanding subject to statutory debt limitation
318,460
Balance issuable under limitation
9,540
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding August 31, 1965
(In millions of dollars)
Class of security
Public debt:
Interest-bearing securities:
Marketable:
Treasury bills
Treasury notes
Treasury bonds
Total marketable.
Nonmarketable:
Foreign series:
Certificates of indebtedness
Treasury notes
Treasury bonds
Foreign currency series:
Treasury bonds
Treasury certificates
Treasury bonds
U. S. savings bonds (current redemption value).
U. S. retirement plan bonds
Depositary bonds
Treasury bonds, investment series
Treasury bonds, R. E. A. series
Total nonmarketable.
Special issues to Government agencies and trust funds
Total interest-bearing securities
Matured securities on which interest has ceased
Debt bearing no interest:
United States savings stamps
Excess profits tax refund bonds
Special notes of the United States:
International Monetary Fund series
International Development Association series
Inter-American Development Bank series
Special bonds of the United States:
United Nations Special Fund series
United Nations F.A.O. World Food Program series
United States notes ( less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes.
Other debt bearing no interest
Total debt bearing no interest
Total public debt
Guaranteed debt: \/
Interest-bearing
Matured
Total guaranteed debt
Total public debt and guaranteed debt.
Source:
1/
Daily Treasury statement.
Held outside the Treasury.
Subject to statutory
debt limitation
Not subject to statutory
debt limitation
Total
outstanding
53,657
50,435
104,310
53,657
50,435
104,310
208,402
208,402
510
150
510
150
204
204
1,259
1,259
89
9
50,155
11
49
3,252
89
9
50,155
11
49
3,252
26
26
55,714
55,714
49,780
49.780
313,896
313,896
225
227
54
54
1
1
3,434
138
3,434
138
150
150
58
2
58
2
167
90
3,837
317,958
167
90
23
23
280
4,116
318,240
Treasury Bulletin
28
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding August 31, 1965
Weekly and Annual Treasury Bills
Regular
Other Than
(
In
millions of dollars)
September 1965
29
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding August 31, 1965
Than
Regular
Other
Weekly and Annual Treasury Bills - (Continued)
(In millions of dollars)
Amount of maturities
Year
and
month
of final
maturity
Held by
Total
1/
1969
Bond
Feb..
i%
Apr.
1-1/2^ Note
2-1/2? Bond
1-1/256 Note
i%
Dec.
1970
U.
Description of security
Bond
2-1/2J Bond
S. Govt,
investment
All
accounts and other
Federal Re- investors
serve Banks
firaount
Year
and
month
of final
maturity
1/
of maturities
Held by
Description of security
Govt,
investment
All
accounts and other
Federal Reinvestors
serve Banks
U.
Total
S.
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS.
Table 2.- Offerings of Treasury Bills
(Amounts in millions of dollars)
Description of new issue
Issue date
Maturity
date
Regular weekly bills:
1965-Hay
6
May
13
May
20
May
27
June
3
June 10
June 17
June 24
July
1
July
8
July 15
July 22
July 29
Au^ .
5
Aug. 12
Aug. 19
Aug
.
26
Tax anticipation bills
196i-Nov. 24
1965-^
One -year bills:
1964-june iTT.
July
7
Aug . 4
Aug. 31
Sept. 30
Oct. 31
Nov. 30
Deo. 31
1965^an.
31
Feb. 28
Mar. 31
Apr. 30.
Hay 28
June 30
July 31 p
Aug. 31p
1965-Aug.
Nov.
September 1965
31
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
On total bids accepted
Issue date
Regular weekly bills
1965-May
May
Average price
per hundred
13.
J99.0U
3.950
r99.016
3.893
3.950
99.020
97.998
3.897
3.955
99.018
98.003
3.889
3.94A
99.020
97.998
t98.016
3.870
3.924
99.0a
_f
3.781
'1_98.047
r99.040
99.015
97.990
3.897
3.954
3.885
3.950
99.012
97.998
3.909
3.960
3.877
3.938
99.015
97.994
3.897
3.946
99.026
98.023
3.853
3.911
99.020
98.013
3.877
3.930
3.863
99.049
98.054
3.762
3.849
99.038
98.044
3.806
3.869
l_98.042
3.799
3.873
99.043
98.045
3.786
3.867
99.038
98.041
3.806
3.875
('99.042
.789
.831
99.047
98.068
3.770
3.822
99.042
98.062
790
833
|_98.067
.785
.826
99.047
98.070
3.770
3.818
99.039
98.061
3.802
3.835
J'99.026
\_98.033
.853
.890
99.030
98.038 JO/
3.837
3.881
99.022
98.029
869
899
r99.018
\_98.012
.884
.933
99.026
98.019 ^^/
3.853
3.918
99.017
98.008
3.889
3.940
99.034 ^2/
98.024 J3/
99.042
98.046
3.822
3.909
99.030
98.021
3.837
3.915
3.790
3.865
99.036
98.039
3.814
3.879
.810
99 .023
98.008
3.845
3.940
99.014
98.002
3.858
3.952
{99.017
l^^gs.ooo
97.995
June
21,.
('99.022
1J98.063
r99.043
July
July
July
15.
.833
.913
July
29.
(99.039
198.042
3.803
3.873
Aug.
("99.031
5.
[_98.015
.832
.927
99.037
98.028
r99.017
[98.004
3.846
3.948
99.021
98.010
f99.036
3.813
3.923
99.041
98.023
3.794
3.911
99.033
98.012
3.825
3.932
3.855
3.955
99.019
98.012
3.839
3.932
99.013
97.997
3.862
3.962
97.877
98.402
3.639
97.895
98.411
yj
ly
3.609
97.874
98.399
3.645
3.718
96.305
96.250
96.329
96.346
96.260
96.174
96.158
95.876
95.972
96.000
95.882
95.957
95.949
95.991
96.140
96.072
3.705
3.719
96.316
96.259
96.336
96.362
96.270
96.189
96.168
95.944
95.987 22/
96.007 18/
95.904 J2/
95.973 20/
95.951
95.994 21/
96.157 22/
96.086
95.950 2y
3.694
3.710
3.684
3.628
3.679
3.759
3.780
4.000
3.958
3.938
4.040
3.972
3.994
96.296
96.246
96.327
96.339
96.252
96.169
96.154
95.855
95.965
95.998
95.873
95.950
95.945
95.991
96.126
96.065
95.931
3.714
3.723
3.694
12.
19.
26.
(_98.017
("99.015
L98.001
lax anticipation bills;
196/i-Nov.
24
1965-1/
One-year bills;
1964-May
6..
June
2..
July
7..
Aug.
Aug.
Sept.
Got.
Nov.
Dec.
1965^an.
Feb.
Mar.
Apr.
May
June
July
Aug.
yj
2/
J99.031
|98.022
Aug.
12/
13/
8/
22.
Aue.
IV
1/
July
Aug.
6/
7/
8/
2/
10/
(Percent)
3.877
3.938
27.
17.
Equivalent rate b/
3.909
3.954
May
June
Price per hundred
(Percent)
99.012
98.001
r99.015
10.
Equivalent rate 6/
3.893
3.948
20.
June
Price per hundred
99.016
98.004
May
3.
On competitive bids accepted
|_98.003
\97.992
June
3.901
(Continued)
High
(Percent)
:
6
Equivalent average
rate t/
-
U..
31..
30..
31..
30..
31..
31..
28..
31..
30..
28..
30..
31p.
31p.
95 .938
3.711
3.691
3.644
3.688
3.773
3.790
4.068
3.972
3.945
4.062
3.987
3.996
3.954
3.807
3.875
4.006
Bank discount basis.
Except $100,000 at 98.006.
Except $2,125,000 at 98.002.
Except $695,000 at 98.O84.
Except $150,000 at 98.042.
Except $300,000 at 98.024 and $455,000 at 98.022.
Except $5,000 at 99.037.
Except $800,000 at 98.033.
Except $300,000 at 98.300, $1,000,000 at 97.981, $1,000,000 at 97.940,
.901
3.831
3.936
W
15/
16/
12/
18/
12/
20/
21/
22/
22/
p
3.691
3.951
3.790
3.860
3.995
$200,000 at 97.915, and 97.912 and $400,000 at 97.900.
Except $700,000 at 98.420 and $5,000,000 at 98.416.
Except $100,000 at 96.158 and $200,000 at 96.000.
Except $100,000 at 96.006.
Except $200,000 at 96.075.
Except $100,000 at 96.000.
Except $50,000 at 96.000.
Except $5,000,000 at 96.003 and $5,000,000 at 95.997.
Except $840,000 at 96.168.
Except $200,000 at 96.060.
Preliminary.
3.651
3.697
3.779
3.793
4.088
3.980
3.947
4.070
3.995
3.999
3.954
3.821
3.881
4.013
Treasury Bulletin
32
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
1/
(Dollar amounts in millions)
Description of issue
Maturity
date
Issue
date
1961-Janu3ry
19
January
26
Febrxiary
2
March
30
1961-April
6
April
13
May
A
May
11
July
20
August
31
October
19
October
26
1962-February
1
February
15
February
23
March
1
March
8
March
15
March
22
March
29
April
5
April
12
April
19
April
26
May
10
May
2J,
May
31
June
7
June
U
June
21
June
28
Footnotes at end of table.
1961-April
July
Number of
days to
maturity
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
September 1965
33
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills i/-(Contlnued)
(Dollar amounts In millions)
Description of issue
Number of
days to
maturity
Maturity
Issue
date
date
Amount
of bids
tendered
Amount
of bids
accepted
$2,212
1,202
*1,301
700
2.930
3.008
$200
Average rate
on bids
accepted 2/
New money
Increase, or
decrease (-)
(Percent
October
\1963- January
4
3
91
182
October
January
11
10
91
182
2,365
1,126
1,301
700
2.974
3.096
201
fl962. October
[l963- January
18
17
91
182
2,454
1,068
1,302
700
2.983
3.133
201
[1962. October
25
January
24
91
182
2,127
1,362
1,298
703
2.892
3.103
200
91
182
2,161
1,576
1,301
700
2.874
3.075
91
182
1,972
1,203
1,301
700
2.801
2.990
197
2,078
1,766
1,301
704
2.867
3.060
204
(1962-
1962-July
July
12.
July
July
26.
ri962-
11963-
0-963-
ri962- •November
August
\l963- January
31
fl962-November
August
1.1963-February
August
16.
/l962-November
\l963-February
Axigust
23.
fl962--November
\1963-February
August
1
30.
September
1"'
15
U
91
182
23
21
92
182
2,003
1,651
1,301
700
2.837
2.984
99
fl962-•November
11963-February
29
23
91
182
2,248
1,259
1,301
700
2.805
2.916
100
[1962-•December
11963-•March
6
91
182
2,054
1,332
1,301
700
2.834
2.977
100
101
7
September
fl962-•December
ll963-•March
13
13.
U
91
182
2,377
1,291
1,301
701
2.789
2.911
September
20.
fl962--December
\l963--March
20
21
91
182
2,265
1,375
1,301
700
2.796
2.962
101
September
27.
ri962.-December
11963--March
27
28
91
182
2,150
1,777
1,300
700
2.749
2.938
100
3
91
182
2,011
1,505
1,300
701
2.752
2.902
100
10
11
91
182
2,136
1,631
1,301
701
2.760
2.864
100
April
ri963- January
October
April
Janxiary
October
11.
October
18.
January
April
17
18
91
182
2,225
1,436
1,300
700
,749
,843
98
October
January
April
24
91
182
2,133
1,394
1,301
700
,742
,828
102
25.
January
31
91
182
2,207
1,573
1,301
701
,686
,775
101
91
182
2,249
1,761
1,301
702
.841
.927
101
November
May
November
May
25
2
February
February
15.
U
May
16
91
182
2,325
1,436
1,302
701
.801
.846
103
November
23.
February
May
21
23
90
181
2,409
1,274
1,300
800
.833
,892
199
November
199
November
29.
December
December
December
13.
20.
February
28
May
.31
1,300
801
7
6
91
182
2,108
1,663
1,300
801
2.861
2.945
98
June
91
182
1,973
1,321
1,301
801
2.807
2.861
101
13
99
March
June
21
20
91
182
2,092
1,248
1,301
800
2.860
2.900
28
27
91
2,660
1,322
1,309
802
,893
,924
110
182
April
July
91
183
2,220
1,340
1,301
801
,926
,966
101
5
March
June
June
1963-January
2,042
1,528
March
March
December
91
183
.853
.936
10.
April
July
11
11
91
182
2,196
1,542
1,301
800
,920
,966
100
January
28.
June
September
27
26
91
182
2,133
1,459
1,301
800
2.919
2,977
92
March
July
October
5
92
182
2,081
1,454
1,300
800
2.922
2.982
98
3
July
October
11
10
91
182
2,292
1,553
1,302
801
2.913
2.978
102
100
99
April
April
11.
April
18.
July
October
18
17
91
182
2,352
1,485
1,301
800
2.917
3.010
April
25.
July
October
25
24
91
182
2,259
1,670
1,300
801
2.884
2.982
Footnotes at end of table.
(Continued on following page)
)
Treasury Bulletin
34
PUBLIC DEBT OPERATIONS
BlUsi/- (Continued)
Table 3.- New Money Financing through Regular Weekly Treasury
(Dollar amounts in millions)
Description of issue
New money
Amount
of bids
accepted
1
31
91
182
8 2,054
$1,302
801
2.897
2.989
J 101
1,668
Maturity
Issue
date
Average rate
on bids
accepted 2/
Amount
of bids
tendered
Number of
days to
maturity
date
increase, or
decrease (-)
(Percent
fl963- August
1963-May
2..
October
9..
August
November
8
7
91
182
2,119
1,715
1,301
802
2.905
2.993
100
May
91
182
2,397
1,302
801
2.903
2.990
98
16.,
August
November
15
May
May
20
21
91
182
2,321
1,431
800
3.524
3.660
-99
21.,
[196^- February
1,202
November
November
February
May
23
90
181
1,987
1,614
1,201
802
3.480
3.630
-99
29..
August
November
20
91
21.,
182
2,258
1,633
1,202
900
3.482
3.598
101
19
97
196/i-May
May
23.
July
16.
July
23.
July
30.
September 10.
September
September
October
August
November
27
27
October
15
'1_1965- -January
U
1,583
183
2,073
1,709
1,200
900
3.476
3.595
91
132
2,123
1,409
1,202
902
3.443
3.549
103
100
91
|1965- -January
22
21
91
132
2,070
1,333
1,201
900
3.502
3.619
il96i- -October
29
23
91
132
2,204
1,889
1,201
902
3.475
3.591
101
[1965' -January
&964- December
10
11
91
132
2,169
1,464
1,302
901
3.514
3.649
101
|l965- March
Jl964- -October
[1964- December
17
18
91
182
2,083
1,474
1,302
900
3.541
3.693
102
11965- March
ft96i- December
24
25
91
132
2,200
1,624
1,302
901
3.542
3.692
101
]1965- March
^964- -December
11965- April
31
1
91
182
2,086
1,451
1,301
900
3.555
3.711
100
99
April
July
22
22
91
182
2,099
2,475
1,200
1,001
3.821
3.960
April
July
29
29
91
132
2,185
2,465
1,203
1,003
,848
,946
104
May
August
6
91
182
2,226
2,470
1,203
1,004
3.888
3.963
105
5
February
May
August
13
12
91
182
2,242
2,U8
1,200
1,001
3.903
3.987
100
February
May
August
20
19
91
182
2,074
2,162
1,200
1,000
3.936
4.015
98
May
August
27
26
91
182
2,327
2,504
1,201
1,003
3.989
4.043
102
3
2
91
182
2,359
2,304
1,200
1,000
3.982
4.037
100
94
1965-January
January
28.
February
February
25.
June
March
March
Sept.
25.
Sept.
July
April
Sept.
24
23
91
182
2,368
2,024
1,203
1,000
1
91
182
2,061
1,938
1,200
1,002
3.921
3.993
102
91
182
2,281
2,188
1,202
1,001
3.942
3.993
200
91
182
2,336
1,832
1,201
1,001
3.937
3.991
97
30
July
April
April
June
3.922
3.984
Oct.
15.
July
Oct.
15
14
Information in Table 3 covers bill offerings
See Table 2.
January 2, 1961, through August 31, 1965'.
Excludes issues of strips of additional amounts of outstanding regular
weekly bills for cash on June I4, 1961 ($1,802 million), November 15,
Source:
1/
2/
I96I ($800 million), November 15, 1962, October 28, 1963, and
July 29, 1964 ($1,001 million each).
See Table 4.
Equivalent average rate on bank discount basis.
September 1965
35
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Date subscription books
opened or bill
tenders received
Period to final
maturity
Description of security 1/
(years, months,
days) 2/
Amount of subscriptions tendered
Cash
y
Amount issued
Exchange
For
cash 2/
In exchange
(In millions of dollars)
1/11/61
1/15/61
2.679% Bill
2/6/61
2/15/61
3-1/4% Note
r3/l5/61
|_3/15/61
3-3/8% Bond
3-5/8% Bond
11/15/66
11/15/67
3/20/61
1/15/62
4/1/61
1-1/2% Note
4/1/66-EA
3/28/61
4/3/61
2.473% Bill
9/22/61
4/12/61
4/15/61
r5/15/61
10/
5/1/61
L5/15/61
6/14/61
6/8/61
7/11/61
7/17/61
7/20/61
2.827% Bill
Cert.
3%
3-1/4% Note
4/15/62
5/15/62-A
5/1 5/63-
2.908% Bill
At auction
8/3/61Lll/30/61
-
7/15/62
3-1/4% Note
3-3/4% Note
3-7/8% Bond
-
11/15/62-H
8/15/64-E
5/15/68
7/26/61
2.484% Bill
-
3/23/62
-
11/15/80
2/15/90
11/15/98
ly
ly
6m
5y
8m
8m
6y
3,078
.
Tax ant. 11/
(At auction)
172d
At auction
ly
ly
2y
_
"Strip" of 18
series 15 /
(At auction)
109. 6d
.
675
ly
ly
3y
6y
Tax ant. 11/
(At auction)
4,116
2,000 ^/
3,728
1,903
13
'^"]l2/
12 ,947]—'
4,673
9|in
240 d
6/22/62
10/1/61
1-1/2% Note
10/1/66-EO
5y
5/1 5/63-
7m
5,687
ly
3,756
5/15/61
3-1/4% Note
10/10/61
10/16/61
2.975% Bill
11/6/61
11/9/61
-
3-1/4% Note
3-3/4% Bond
2/15/63-E
5/15/66
12/2/57
3-7/8% Bond
11/15/74
2.277% Bills
ly
Reopening
Issued at 99.75
Reopening
Issued at 99.00
ri2/7/61-l
"[1/25/62
J
" Strip"
6/23/60
3-7/8% Bond
5/15/68 - Reopening
Issued at 99.50
1/9/62
1/15/62
3.366% Bill
1/15/63 - At auction
1/15/62
10/1/57
2/5/62
'2/15/62
2/15/62
3-1/2% Cert.
Note
4%
'
3/1/62
1/23/59
2/14/58
10/3/60
4%
4%
3-1/2%
3-1/2%
Bond
Bond
Bond
Bond
8/15/71
2/15/80
2/15/90
11/15/98
3/23/62
2.896% Bill
9/21/62
4/1/62
1-1/2% Note
4/1/67-EA
2/19/62
3/20/62
10/
Bond
10/1/69
V9/62
4/18/62
3-3/4% Bond
8/15/68
4/15/62
2.943% Bill
4/15/63
4/30/62
[_
7/10/62
7/30/62
9/10/62
9/26/62
5/1 5/62
3-1/4% Cert.
3-5/8% Note
3-7/8% Bond
7/15/62
3.257% Bill
r5/l5/62
5/15/62
^
f8/l5/62
^ 8/15/62
[8/15/62
3-1/2% Cert
Bond
4%
4-1/4% Bond
10/3/62
2.616% Bill
3/22/63
•Footnotes at end of table.
Reopening
Reopening
Reopening
357
357
2,295
2,003 1/
3,642
2,384
3,642
2,384
13y
517
517
ly
7y
9y
17y
27y
36y
1,519
320
3,650
2,001 i/
1,114
6,862
4,454
6,862
4,454
5*ffl
2,806
2,806
563
900
933
900
933
11^
^m
ly
2,001
3,454
6,686
3y
9m
3,1U
9y
6m
ly
6m
30y
170d
(Continued on following page)
y
6,686
3,114
1,204
1,204
3,719
2,004
20,155"
3,070
1,836
360
6, 743 1-27/
315^
5,942
y
3,782"!
8l28/
5]
5,282
2,579
5,282
2,579
11m
11m
4y
9y
Tax ant. 11/
(At auction)
1,258
ly
ly
270
270
6,827
6y
563
1,802 2^/
3,593
5y
6y
320 20/
1,619
lllm
At auction
X/
ly
6m
182d
Tax ant. 11/
(At auction)
8/15/63-C
2/15/69
8/15/87-92 - Issued at 101
3-3/4% Note
Bond
4%
2,511
5,131
5m
6y
7/15/63 - At auction
\_9/15/62
1,273
1,298
1,187
3m
6m
i6.5d
(Average)
iy
5/15/63-B
2/15/66-B - Issued at 99.80
11/15/71 - Issued at 99.50
8/15/67-A
8/15/72
r9/l5/62
Reopening
Issued at 99.75
2/15/63-A
8/15/66-A
4/10/62
4y
3,503
of 8
series 19/
(At auction)
11/20/61
4%
ly
10/15/62 - At auction
11/15/61
11/15/60
11/15/61
Reopening
Issued at 99.875
5m
2m
268d
Tax ant. 11/
(At auction)
i./
1,273
1,298
1,187
2.705% Bill
10/2/61
/
850f^'
6,082
5,019
749
5,149
2m
i9y
28y
37y
2,004
6,082
5,019
749
9/27/61
10/
l,78il
1,802
4,174
9/20/61
Reopening
Reopening
Reopening
675
1,503
3-1/2% Bond
3-1/2% Bond
3-1/2% Bond
.
2,438
3,604
3,897
io/3/60
2/14/58
10/3/60
-
3,670 2/
2,438
3,604
9/11/61
•
y
3,655
(Average)
At auction
Reopening
Issued at 99.375
1,502
18,980 6/
5y
•
f
2.308% Bills
8/1/61
3/1/61
6/23/60
7/15/61
'
-
8/1 5/62-
3,005
Koo 22/
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS,
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscription books
opened or bill
tenders received
Date
of
issue
Description of security 1/
Period to final
maturity
(years, months,
days) 2/
Amount of subscriptions tendered
Exchange
Cash 3/
(
10/1/62
1-1/2J Note
10/15/62
2.969? Bill
10/
10/9/62
(i 1/15/62
10/29/62
11/7/62
11/19/62
jll/15/62
[11/15/62
11/15/62
r 5/15/62
t 1/23/59
10/1/67-EO
11/15/71 \ Reopenings
2/15/80 _|"ls
/"issued at 99.50
I
1/8/63
1/17/63
4?
Bond
2/15/88-93
1/9/63
1/15/63
3.015? Bill
1/15/64
At auction
1/30/63
2/6/63
2.929? Bill
6/24/63
Tax ant. 11/
(At auction)
2/V63
2/15/63
4/18/62
3-1/4? Cert.
3-3/4? Bond
2/15/64-A
8/15/68
Reopening
2/25/63
3/15/63
5/15/62
12/2/57
1/23/59
3-5/8?
3-7/8?
3-7/8?
4?
2/15/67-B
11/15/71
11/15/74
2/15/80
Reopening
Reopening
Reopening
3/14/63
2/6/63
10/
4/9/63
Note
Bond
Bond
Bond
4/1/63
1-1/2? Note
4/18/63
4-1/8? Bond
4/10/63
4/15/63
4/29/63
r 5/15/63
5/15/62
[_
6/20/63
4?
7/15/63
3.582? Bill
7/29/63
8/15/63
3-3/4? Note
8/27/63
9/3/63
3.575? Bill
9/9/63
'9/15/63
9/15/63
4/18/63
3-7/8? Bond
Bond
4?
4-1/8? Bond
10/1/63
3.586? Bill
9/30/64
10/1/63
1-1/2? Note
10/1/68-EO
10/9/63
10/15/63
3.537? Bill
3/23/64
10/22/63
10/28/63
3.601? Bill
Bond
30y
Im
250
ly
5,244
138d
2,062
8/15/70
ly
6m
6,741
2,490
3y
8y
11m
8m
iiy
I6y
11m
4,287
1,515
1,074
1,131
3m
94d
300
ly
4,048
2y
ly
9m
ly
11/15/68
8/15/73
5/15/89-94
3-7/8? Note
5/15/65-C
11/4/63
3.633? Bill
10/31/64
11/27/63
12/3/63
3.590? Bill
12/30/63
1/3/64
3.707? Bill
1/9/64
1/15/64
3.650? Bill
6/22/64
1/13/64
r6/20/63
4/5/60
Bond
4?
4-1/4? Bond
-
-
I
1/30/64
2/6/64
3.680? Bill
-
2/3/64
r2/15/64
-
5,693
3,273
2m
16,262
ly
4,495
3m
ly
6,398
2,631
2m
11m
8m
5y
Reopening
9y
30y
At auction
ly
1,591
3,894
1,260
2,395
115
5y
Tax ant. U/
(At auction)
r2/6/64^
11/15/63
212
Im
8/31/64 - At auction
10/28/63
2,U2
3iy
7y
11/15/64-F
10/30/63
^i>^
5y
7/15/64 - At auction
l_4/9/64j'
"Strip" of 10
series 46 /
( At
auction)
(
l60d
2,957
132. 5d
Average)
2,108
ly
6ra
20,069
At auction
ly
1,891
11/30/64
At auction
ly
2,790
12/31/64
At auction
ly
2,113
159d
2,780
Tax ant. 11/
(At auction)
8/15/70
5/15/75-85
Reopening
Reopening
7m
4m
6y
21y
1/31/65 - At auction
(^2/15/62
3-7/8? Note
Note
4?
2/25/64
3/3/64
3.765? Bill
-
2/28/65
3/31/64
2/15/64
3-7/8? Note
-
8/13/65-D
10/
11m
2m
5y
5/15/64-B
2/15/66-B - Reopening
7/9/63
10/
8y
17y
4/15/64 - At auction
3.062? Bill
3-1/4? Cert.
3-5/8? Note
8/13/65-D
8/15/66-A
4/1/64
1-1/2? Note
-
4/1/69-EA
4/3/64
4/8/64
3.719? Bill
-
3/31/65
4/30/64
5/6/64
3.705? Bill
4/30/65
5/4/64
r5/15/64
1 5/15/64
Note
4?
4-1/4? Bond
11/15/65-E
5/15/74
1,001
2,410
(Average)
4/1/68-EA
5/15/89-94 - At auction 39 /
6/11/63
9/25/63
At auction 36 /
94. 5d
6/24/63 - Tax ant. 11/
(Reopening)
2.855? Bill
2,500
4,856
3,286
2,344
3m
9y
ri/17/63-1 j'Strip" of 10
series 2A/
|_3/21/63
J
(At auction)
3-7/8? Bond
Bond
4?
In mi] lions
4,535
ly
3y
11/15/63-D
11/15/65-B
2/15/72
2.866? Bill
For
cash 3/
5y
ly
10/15/63 - *t auction
3-1/8? Cert.
3-1/2% Note
Bond
4?
Amount issued
Issued at 99.875
Reopening
ly
ly
2y
Reopening
Issued at 99.70
2,223
892
2,212
6m
6m
At auction
ly
ly
6,202
1,810
2,412
10,227
61
5y
•
.
At auction
ly
2,568
At auction
ly
1,884
Issued at 99.875
Footnotes at end of table.
i(
^/
6m
lOy
Continued on following page)
8,560
1,532
-
y
In exchange
4/
Allotment
ratio
September 1965
37
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
.
.
.
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS
,
Footnotes to Table 4
Source:
Daily Treasury statement: Bureau of the Public Debt.
For bill issues sold at auction the
1/ liT^ued at par except a- noted.
rate shown i.~ the equivalent average rate (bank discount basis) on
accepted bide. For details of bill offerings, see Table 2. In reopenings, the amount issued is in addition to the amount in original
offering.
2/ From date of additional issue in case of a reopening.
Subscriptions
chowr. are from the public, but amounts issued include
1/
allotments to Government investment acco'jnts.
For maturing securities exchangea for the new issues, see Table 7.
2/ Issued as a rollover of maturing one-year bills.
6/ Subscriptions were permitted to be made with payment in cash or in
U-l/Z$ Treasiiry certificates maturing February 15, 1961 (see Table 7,
footnote 4)
Consists of allotments on subscriptions from holders of certificates
of indebtedness maturing February 15, 1961.
S/ Subscription.: from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts and the Federal Reserve Banks, as provided in the offering
circular, totaled $4,364 million and were allotted in full. Subthose
scriptions subject to allotment totaled $14,619 million:
up to and including $10,000 were allotted in full; all others were
allotted 20 percent but in no case less than $10,000.
In addition to the amounts allotted to the public, there was allotted
a/
to the Federal Reserve Banks and Government investment accounts
$39 million of the 3-3/8^ bonds of 1966, and $540 million of the
3-5/3^ bonds of 1967.
Exchange
offering available to owners of nonmarketable 2-3/4^ Treasla
ury bonds. Investment Series B-1975-80, dated April 1, 1951. For
further information on the original offering see Treasury Bulletin
for April 1951, page A-1. Amounts shown are as of August 31, 1965.
11/ Tax anticipation bill, acceptable at face value in payment of income
and profits taxes due on the quarterly payment date immediately
preceding maturity.
Subscriptions were permitted to be made with payment in cash or in
the 4-3/4^ Treasury certificates or 3-5/8/C Treasury notes, both
maturing May 15, 1961 (see Table 7, footnote 9).
li/ Consists of allotments on subscriptions from holders of certificates
of indebtedness and Treasury notes maturing May 15, 1961.
There were allotted in full all subscriptions totaling about $2,379
million for the certificates and $1,258 million for the notes, from
States, political subdivisions or instrumentalities thereof, public
pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central
banks and foreign States, Government investment accounts, and the
Federal Reserve Banks, as provided in the offering circulars. Subscriptions from all other investors were subject to allotment and
totaled $11,445 million for the certificates which were allotted
27 percent, and $11,631 million for the notes which were allotted
12 percent; subscriptions for $25,000 or less were allotted in full,
and subscriptions for more than $25,000 were allotted not less than
$25,000.
15/ Sale of a "strip" of Treasury bills, consisting of an additional
$100 million for cash of eighteen series of weekly Treasury bills
maturing from August 3, 1961, to November 30, 1961.
16/ In addition to the amounts allotted to the public, there was allotted
to the Federal Reserve Banks and Government investment accounts
$480.4 million of the 3-1/2^ bonds of 1980, $160.6 million of the
3-1/2^ bonds of 1990, and $289.5 million of the 3-1/255 bonds of 1998.
17/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 37 percent but in no case
less than $100,000.
In addition, $100 million of the notes was
allotted to Government investment accounts.
18/ Includes $2 million allotted to Government investment accounts of the
3-1/4% notes, $4 million of the 3-3/4% bonds of 1966, and $136
million of the 3-3/4% bonds of 1974.
12/ Sale of- a "strip" of Treasury bills, consisting of an additional $100
million for cash of eight series of weekly Treasury bills maturing
from December 7, 1961, to January 25, 1962.
20/ Holders of approximately $970 million of Series F and G savings bonds
issued in 1950, which mature in 1962, were offered in exchange the
3-7/8% bonds with certain adjustments as of December 15, 1961 at a
price of 99.50. Smaller denominations of savings bonds could be exchanged for the next higher multiple of $500 of the bonds upon payment of any cash difference. Cash payments amounted to $309,000.
21/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 60 percent but in no case
less than $50,000.
In addition, $100 million of the bonds was
allotted to Government investment accounts
22/ Includes $3,411 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/2% certificates and $1,518
million of the 4% notes.
2J/ In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $385 million of the 4% bonds of
1971, $177 million of the 4% bonds of 1980, $218 million of the
3-1/2% bonds of 1990, and $221 million of the 3-1/2% bonds of 1998.
Issued for cash and in exchange for tax anticipation bills
maturing
March 23, 1962 (see Table 7, footnote 12).
W
25/
26/
27/
28/
29/
30/
31/
32/
33/
34/
35/
36/
37/
^8/
22/
AQ/
Qj
A2/
42/
Uj
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 15 percent but in no case
In addition, $100 million of the bonds was
less than $50,000.
allotted to Government investment accounts
Includes $2,166 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4% certificates, $14 million of
the 3-5/8% notes, and $64 million of the 3-7/8% bonds.
Subscriptions were permitted to be made with payment in cash or in
the 4% notes or 3-1/4% notes, both maturing August 15, 1962 (see
Table 7, footnote 13).
Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15. 1962.
Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international organisations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts, and the Federal Reserve Banks totaled $4,760 million for
the certificates and were allotted in full, in accordance with the
offering circular. Subscriptions from all others totaled $15,395
million and were allotted 12-1/2 percent with subscriptions for
$50,000 or less allotted in full and those for more than $50,000
allotted not less than $50,000.
Subscriptions for the 4% bonds totaled $6,743 million and were
allotted 22 percent with subscriptions for $100,000 or less allotted
in full and those for more than $100,000 allotted not less than
In addition, $100 million of the bonds was allotted to
$100,000.
Government investment accounts.
In
All subscriptions for the 4-1/4% bonds were allotted in full.
addition, $50 million of the bonds was allotted to Government
investment accounts. Savings-type investors were given the privilege
of paying for the bonds allotted to them in installments up to
October 15, 1962 (not less than 30 percent by August 15, 1962, th;
issue date; 60 percent by September 15, 1962; and full payment by
October 15, 1962).
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $21 million of the 3-3/4% notes
and $320 million of the 4% bonds.
Includes $3,796 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/8% certificates, $1 million of
the 3-1/2% notes, and $6 million of the 4% tonds.
Sale of a "strip" of Treasury bills, consisting of an additional
$100 million for cash of ten series of weekly Treasxiry bills maturing
from January 17, 1963, to March 21, 1963.
Holders of approximately $458 million of Series F and G savings
bonds which mature in 1963 and 1964 were offered in exchange either
the 3-7/8% bonds or the 4% bonds with certain adjustments as of
December 15, 1962, at a price of 99.50. Smaller denominations of
savings bonds could be exchanged for the next higher multiple of
$500 of the bonds upon payment of any cash difference. Cash payments
amounted to $93,000 for the 3-7/8% bonds and $101,825 for the 4% bonds.
The bonds were sold to a syndicate on the basis of competitive bidding for reoffering to the public. The winning bid was $99.85111 per
$100 of face amount for a 4% coupon, resulting in a net basis cost to
the Treasury of 4.008210%, calculated to maturity.
Includes $3,921 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4% certificates and $15 million
of the 3-3/4% bonds.
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $19.8 million of the 3-5/8% notes,
$29.6 million of the 3-7/8% bonds of 1971, $151.9 million of the
3-7/8% bonds of 1974, and $123.9 million of the 4% bonds of 1980.
The bonds were sold to a syndicate on the basis of competitive bidding for reoffering to the public. The winning bid was $100.55119
per $100 of face amount for a 4-1/8% coupon, resulting in a net basis,
cost to the Treasury of 4.093145%, calculated to maturity.
Includes $3,327 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4% certificates, and $85 million
of the 3-5/8% notes.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 5 percent but in no case
less than $100,000.
Includes $4,149 million allotted to Federal Reserve Banks and Government investment accounts.
One-year bills issued monthly beginning September 3, 1963.
In addition to the amounts allotted to the public, there was allotted
to Federal Reserve Banks and Government investment accounts $23 million of the 3-7/8% bonds of 1968, and $171 million of the 4% bonds of
1973.
Issued for cash and in exchange for one-year bills maturing October
15, 1963 (see Table 7, footnote 17).
46/ Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of ten series of weekly Treasury bills maturing from
February 6, 1964, to April 9, 1964.
47/ Subscriptions were permitted to be made with payment in cash or in
3-1/8% certificates or 4-7/8% notes, both maturing November 15, 1963
(see Table 7, footnote 18).
48/ Consists of allotments on subscriptions from holders of Treasury certificates of indebtedness and Treasury notes maturing November 15, 1963
Renainiiig footnotes on following page.
45/
September 1965
39
PUBLIC DEBT OPERATIONS,
Footnotes to Table 4
Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds
international organizations in which the United States holds membership
foreign central banks and foreign States, Government investment
accounts and the Federal Reserve Banks, as provided in the offering
circular, totaled $4,307 million and were allotted in full. Subscriptions subject to allotment totaled $15,762 million: those up to
and including $100,000 were allotted in full; all others were allotted
21 percent but in no case less than $100,000.
^0/ Issued to replace the one-year bills maturing January 15, 1964.
51/ In addition to amounts allotted to the public, $189 million was
allotted to Government investment accounts
52/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 83-1/2 percent but in no
case less than $50,000.
In addition, $125 million of the bonds was
allotted to Government investment accounts
52/ Includes $4,014 million allotted to Federal Reserve Banks and Government investment accounts of the 3-7/8!6 notes.
li/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 9 percent but in no case
less than $50,000.
25/ Includes $6,383 million allotted to Federal Reserve Banks and Government investment accounts of the ^% notes and $29 million of the 4-1/4/6
bonds
56/ In addition to the amounts allotted to the public, there was allotted
to Government Investment accounts $22 million of the 4-1/456 bonds of
1987-92, and $4 million of the 4-l/8;f bonds of 1973.
21/ Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of ten series of weekly Treasury bills maturing from
October 15, 1964, to December 17, 1964.
58/ Subscriptions were permitted to be made with payment in cash or in 5j6
notes or 3-3/4? notes, both maturing August 15, 1964 (see Table 7,
footnote 22).
12/ Consists of allotments on subscriptions from holders of Treasury notes
maturing August 15, 1964.
60/ Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international 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
i2/
-
(Continued)
circulars, totaled $1,950 million and
were allotted in full
Subscriptions subject to allotment totaled
$12,903 million
those ud
*'°^'°°° ^'^^ ^"°"^<> ^"
others
S^re'
aiw?ed"?5"''"^
allotted 15 percent but in no case less
than $100 000
61/ Subscriptions were permitted to be made with
payment in cash or in
A-//Bf, notes or 3-3/4? notes, both maturing November
15 1964 (See
^
'
Table 7, footnote 24).
62/ Consists of allotments on subscriptions from holders
of Treasury
notes maturing November 15, 1964.
6i/ Subscriptions from States, political subdivisions or Instrumentalities
thereof, public pension and retirement and other
public funds international organizations in which the United States holds
membership
'
foreign central banks and foreign States, Government
investment
accounts and the Federal Reserve Banks, as provided in the
offering
circulars, totaled $6,607 million and were allotted in full.
Subscriptions subject to allotment totaled $15,293 million: those
up
to and including $100,000 were allotted in full; all other
were
allotted 16.5 percent but in no case less than $100,000.
6^/ In addition to the amounts allotted to the public, there was allotted
to Government Investment accounts $322 million of the /,% bonds of
1970, $325 million of the 4-1/8? bonds of l'">74, and $55 million of
the 4-1/4? bonds of 1987-92.
Subscriptions
were permitted to be made with payment in cash or in
65/
2-5/856 bonds maturing February 15, 1965 (see Table 7, footnote 26).
66/ Consists of allotments on subscriptions from holders of Treasury
bonds maturing February 15, 1965.
62/ Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment accounts
and the Federal Reserve Banks, totaled $582 million and, as provided in
the offering circulars, were allotted in full where the subscriber
made the required certification of ownership of bonds maturing
February 15, 1965. Subscriptions subject to allotment totaled $10,054
million:
those up to and Including $100,000 were allotted in full;
all othere were allotted 15 percent but in no case less than $100,000.
68/ Includes $4,253 million allotted to Federal Reserve Banks and Government
investment accounts of the 4? notes and $65 million of the 4-1/4? bonds.
62/ Includes $3,051 million allotted to Federal Reserve Banks and Government
investment accounts of the 4? notes and $1,076 million of the 4? bonds.
mrall
^
P
Preliminary.
Treasury Bulletin
40
PUBLIC DEBT OPERATIONS
Table 5.- Securities Issued In Advance Refunding Operations
Securities issued
Date issued
6/23/60
Amoxmt
issued
(In millions)
3-3/A%
3-7/8%
Note
Bond
5/15/64-D
5/15/68
3-1/2%
3-1/2%
Bond
Bond
11/15/80
2/15/90
3-1/2%
Bond
11/15/98
Adjustment payments
issue (per $100
of face value)
1/
.at
By
To
Treasiiry
Treasury-
10/3/60
Investment
yield 2/
3.75%
3.88
4.24%
4.14
643
993
3.50
3.50
1,095
1,248
$3,893
320
V
Effective
interest
rate 2/
Eligible securities exchanged
^2-1/2%
Bond
11/15/61
3.92
3.96
2-1/2%
2-1/2%
Bond
Bond
6/15/62-67
12/15/63-68
3.50
3.50
3.97
3.99
2-1/2%
2-1/2%
Bond
Bond
6/15/64-69
12/15/64-69
2,438
3.38
3.63
2-1/2%
Bond
8/15/63
1,131
1,296
1,177
$0.30
3.62
3.62
3.57
3.75
3.75
3.75
2-5/8%
2-1/4%
2-1/4%
Note
Bond
Bond
2/15/63-A
6/15/59-62
12/15/59-62
2.25
3.50
3.34
3.25
4.16
4.15
2-1/2%
2-1/2%
Bond
Bond
3/15/65-70
3/15/66-71
0.25
3.56
3.47
4.23
4.21
2-1/2%
2-1/2%
Bond
Bond
3/15/65-70
3/15/66-71
3.60
3.55
4.19
4.19
2-1/2%
2-1/2%
Bond
Bond
3/15/65-70
3/15/66-71
4.00
3.75
4.11
4.10
3%
2.00
2-5/8%
Bond
Bond
2/15/64
2/15/65
2-5/8%
Bond
2/15/65
2,343
3-3/8%
Bond
11/15/66
3/15/61
3-5/8%
Bond
11/15/67
3,604
3-1/2%
Bond
11/15/80
1,035
238
V
1,273
9/15/61
3-1/2%
Bond
2/15/90
722
576
V
$1.00
1,298
3-1/2%
Bond
11/15/98
495
692
V
2.00
1.00
1,187
4%
Bond
1,154
1,651
8/15/71
2,806
3/1/62
4%
Bond
2/15/80
^
563
.25
3.98
4.20
3-1/2%
Bond
2/15/90
V
233
345
322
1.25
1.50
1.75
3.43
3.42
3.40
4.21
4.21
4.19
0.25
0.50
3.50
3.49
3.48
900
3-1/2%
Bond
11/15/98
181
420
333
V
933
772
3-3/4%
Note
1,093
981
953
1,301
181
8/15/67-A
0.50
0.10
0.40
0.40
0.40
1.00
3.86
3.77
3.84
3.84
3.85
3.98
0.70
0.30
0.60
0.60
0.60
1.20
4.09
4.04
4.07
4.07
4.08
5,282
9/15/62
370
259
402
4%
Bond
U9
8/15/72
720
379
.
Footnotes at end of table.
2,579
4.15
September 1965
41
PUBLIC DEBT OPERATIONS
,
Table 5.- Securities Issued in Advance Refunding
Operations -(Continued)
Date issued
Amount
issued
(In millions)
Securities issued
3-5/8%
Note
$960
2,275
206
2/15/67-B
845
4,287
3-l/&%
11/15/71 Ij
Bond
693
532
94
196
1,515
3/15/63
136
3U
3-7/8%
Bond
11/15/74
V
251
373
1,074
17
49
14:
Bond
2/15/80 i/
2
24
195
420
210
213
1,131
3-7/8%
Bond
11/15/68
Ki
Bond
8/15/73
4-1/855
Bond
4?
4-1/4*
9/15/63
5/15/89-94
V
Bond
8/15/70
V
Bond
•ifX-i/lb-Z-i
U
-
l/22/6i
Treasury Bulletin
42
PUBLIC DEBT OPERATIONS
Table 5.- Securities Issued In Advance Refunding Operations
-
(Continued)
September 1965
A3
Treasury Bulletin
44
PUBLIC DEBT OPERATIONS,
Table 6.
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills^- (Continued)
(
Issue
In millions of dollars)
September 1965
45
_ PUBLIC
DEBT OPERATIONS
Table 6.- Allotments by Investor Classes on Subscript ions for Public Marketable
Securl ties
Other Than Regular Weekly Treasury B lllsl/- (Continued)
(In millions of dollars)
Issue
Allotments by Investor classes
Amount issued
Date of
financing
Description of security
For
cash
U.
Government
In
investment
exchange accounts
for
and
other
Federal
securi- Reserve
ties
Banks
S.
Commer- Indicial
vidubanks
als
y
2/
Insurance
companies
3.639S6 Bill
1,487
1
1
ll/30/6i
4.068^ Bill
11/30/65
1,001
IV
92
354
5
1
12/3l/6i
3.972? Bill
12/31/65
1,003
14/
30
458
5
4
35
3
10
418
82
2
69
1
9
282
147
322
2,883
111
137
63
137
19
3
172
186
348
3,130
325
1,792
54
171
54
67
28
6
69
266
298
4-1/4? Bond
8/15/87-92 11/
2,254
55
975
10
68
31
10
7
65
21
974
38
5
342
74
57
196
192
6
355
77
23
14
420
76
6
4
650
76
127
99
47
555
203
91
6/22/65 2/11/ 1,758
1/31/66
1,000
2/15/65
4?
11/15/66-E 8/
1,735
2/28/65
4.062? Bill
2/28/66
1,001
3/31/65
3.987? Bill
3/31/66
4/30/65
3.996? Bill
4/30/66
5/15/65
Note
[4?
4-1/4? Bond
Note
1,742
1
2
102
374
3
87
487
1,018
51
43
42
473
6
2
40
1,000
73
365
12
1
15
1,001
154
98
3
2
4,253
944
1,078
116
43
27
41
14/
8/15/66- A)
5/l5/74fii^
518
5,904
2,062
,
[_
65
33
18
45
165
149
22
5/31/65
3.954? Bill
5/31/66
1,001
136
55
5
6/30/65
3.807? Bill
6/30/66
l.OOlp Ik/
111
378
47
7/31/65
3.875? Bill
7/31/66
l.OOOp
8/13/65
Note
Bond
2/15/67-C
2/15/69
4.006? Bill
8/31/66
4?
[4?
5,150
U/
1,884
i,ooop 14/
160
293
3,051
1,076
1,210
476
189
311
Based on subscription and allotment reports. For detail of
offerings see Table 4.
Excludes 1-1/2? Treasury notes issued in exchange to holders of nonmarketable 2-3/4? Treasury bonds, Investment Series B-1975-80.
Includes trust companies and stock savings banks.
Includes partnerships and personal trust accoxints.
Exclusive of banks and Insurance companies.
Consists of trust, sinking, and investment funds of State and local
governments and their agencies,
Includes savings and loan associations, nonprofit institutions, and
investments of foreign balances and international accounts in this
country.
Issued as a rollover of quarterly one-year bills
Offerings subject to allotment, were made for the purpose of paying
off maturing securities in cash. Holders of the maturing securities
6/
2/
2/
13
11
19
12
27
7
15
72i
61
26
349
65
5
420
79
236
37
6
4
274
104
75
119
118
49
408
68
14
2/
10/
11/
12/
13/
14/
»
1
11
16
37
34
36
Source:
^
4/
V
11
1
4,381
3.945? Bill
2/
All
other
6/
2/15/70
3.711? Bill
1/
tirement
funds
Dealers
and
brokers
Other
funds
2/15/74
1/31/65
8/31/65
Pension
and re-
Bond
1/18/65
I
State and local
governments ^/
4-1/8? Bond
rA%
1/15/65
1,504
Private
Corpo- pension
rations and retirement
k'
f'jnds
ll/2i/6/V
6/22/65 2/
Mutual
savings
banks
ware not offered preemptive rights to exchange their holdings but
were permitted to present them in payment or exchange, in whole or
in part, for the new issues.
Tax anticipation security,
Offerings consist of an additional $100 million each of a series of
outstanding weekly bills issued in "strip" form. Offerings include
18 series for June 14, 1961; 8 series for November 15, 1961; and 10
series each for November 15, 1962, October 28, 1963, and July 29, 1964.
Reopening of earlier issue.
Sold at competitive bidding with allotment distribution based on sales
reported by syndicate members
One-year bills issued monthly beginning September 3, 1963, to replace
the existing quarterly cycle.
Issued as a rollover of monthly one-year bills.
Preliminary.
Less than $500,000.
p
Treasury Bulletin
46
PUBLIC DEBT OPERATIONS
Table 7.- Dlpposltlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
September 1965
Treasury Bulletin
48
PUBLIC DEBT OPERATIONS
,
Table 7.- Dlsposlt Ion of Matured Public Marketable Securl ties
Other Than Regu lar Weekly Treasury Bills - (Continued)
September 1965
49
PUBLIC DEBT OPERATIONS
Table?.- Dipposltlon
of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Called or maturing security 1/
Date of
refunding
or retirement
Issue
date
Description
Disposition offers
by Treasury
Amount
outstanding
Exchange
security
offered
Cash
retirement
Results of exchange offers
Exchanged
Description of new
security offered
(See also Table 4)
Turned
in for
cash 2/
(In millions of dollars)
3-1/4^ Certificate
5/15/64-B
5/15/63
5,693
5,693
A-3/A% Nite
5/15/64-A
7/20/59
4,933
4,933
3-3/i.% Note
5/15/64-D
6/23/60
3,893
3,893
3-3/U% Bond
5/15/66
11/15/60
3,597
3,597
Note
8/15/66-A
2/15/62
4,454
4,454
4,287
4,287
620
500
375
194
214
125
777
782
317
{
3-5/B? Note
2/15/67-B
3/15/63
3-3/4^ Note
8/15/67-A
9/15/62
Total
5,282
5,282
32,139
32,139
10/1/63
1-1/2? Note
10/1/63-EO
10/1/58
506
10/15/63
2.969? Bill
10/15/63
10/15/62
2,500
11/15/63-D
11/15/62
4,554
8/15/73
5/15/89-94 li/
Bond
8/15/73
5/15/89-94 13/
_^4-l/8? Bond
'4?
Bond
4-1/8? Bond
721
91
{
Bond
4-1/8? Bond
4?
340
105
{
11/15/68
8/15/73
5/15/89-94 11/
11/15/68
8/15/73
5/15/89-94 11/
11/15/68
8/15/73
5/15/89-94 11/
"4?
621
14
9/15/63 6/
i.i
3-7/8? Bond
Bond
4?
4-1/8? Bond
p-7/8? Bond
Bond
] 4?
L4-I/8? Bond
3-7/8? Bond
Bond
4?
4-1/8? Bond
Bond
4?
4-1/8? Bond
716
[I 32
8/15/73
5/15/89-94
-
'1,591 of 3-7/8? Bond
3,894 of 4? Bond
1,260 of 4-1/8? Bond
6,746
U/
8/15/73
5/15/89-94 11/
H/
506
2,500 17/
r
3-1/8? Certificate
4,554
3,823
731
542
2,470
I
11/15/63
i-7/8? Note
11/15/63-C
11/15/59
Total.
1/15/64
3,011
3,011
7,565
7,565 18/
4,365
5/15/65-C
3-7/8? Note
3,201 12/
2,496 20/
3.015? Bill
11/15/64
1/15/63
2,496
3-3/4? Note
8/15/64-E
8/1/61
5,019
239
Bond
4?
4-1/4? Bond
8/15/70 11/
5/15/75-85 11/
Note
8/15/64-B
10/15/59
2,316
165
106
Bond
4?
4-1/4? Bond
8/15/70 U/
5/15/75-85 11/
3-3/4? Note
11/15/64-F
8/15/63
6,398
278
158
Bond
4-1/4? Bond
8/15/70 13/
5/15/75-85 U/
4-7/8? Note
11/1 5/64-
2/15/60
4,195
211
117
Bond
4?
4-1/4? Bond
8/15/70 n/
5/15/75-85 11/
654
53
Bond
4?
4-1/4? Bond
8/15/70 11/
5/15/75-85 U/
221
76
Bond
4?
4-1/4? Bond
8/15/70 11/
5/15/75-85 U/
5?
694
{4?
.21/
;
1/22/64 6/
2-5/8? Bond
2/15/65
6/15/58
4,682
4-5/8? Note
5/15/65-A
5/15/60
2,113
3-1/4? Certificate -
2/15/64
3?
4,000
750 21/
24,723
Total.
2/15/64-A
2/15/63
6,741
6,741
2/15/64
2/14/58
1,634
1,634
8,376
8,376
Total
2,001 8/
3/23/64
3.537? Bill
3/23/64
10/15/63
2,001
4/1/64
1-1/2? Note
4/1/64-EA
4/1/59
457
457
4/15/64
3.062? Bill
4/15/64
4/15/63
2,501
2,501
Footnotes at end of table.
(Continued on following page)
'2,223 of 4? Bond 13/
2,972
748 of 4-1/4? Bond 13/
r5,536
(1,082
124
666
728
240
8,012
363
{
8/13/65-D
8/15/66-A 13/
(3-7'/8? Note
|_4?
Note
r3-7/8? Note
I4?
-
Note
(6,202 of 3-7/8? Note
1,810 of 4? Note 11/
8/13/65-D
8/15/66-A 11/
Treasury Bulletin
50
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
September 1965
51
PUBLIC DEBT OPERATIONS
Table 7.- Dlepoeltlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Called or maturing security 1/
Date of
refunding
or retirement
Issue
date
Description
Disposition offers
by Treasury
Amount
outstanding
Cash
retirement
Exchange
security
offered
(
Exchanged
Description of new
security offered
(See also Table 4)
Turned
in for
cash 2/
In millions of dollars)
r2-5/8? Bond
2/15/65
6/15/58
3,976
3,976
3-1/2? Note
11/15/65-B
11/15/62
2,954
2,954
674
493
641
Bond
^4?
4-1/8? Bond
4-1/4? Bond
2/15/70
2/15/74
8/15/87-92 11/
640
416
282
Bond
4?
4-1/8? Bond
4-1/4? Bond
2/15/70
2/15/74
8/15/87-92 11/
Bond
4?
4-1/8? Bond
4-1/4? Bond
2/15/70
2/15/74
8/15/87-92 11/
Bond
4?
4-1/8? Bond
4-1/4? Bond
2/15/70
2/15/74
8/15/87-92 11/
Bond
4?
4-1/8? Bond
4-1/4? Bond
2/15/70
2/15/74
8/15/87-92 11/
Bond
4?
4-1/8? Bond
4-1/4? Bond
2/15/70
2/15/74
8/15/87-92 11/
Bond
4?
4-1/8? Bond
4-1/4? Bond
2/15/70
2/15/74
8/15/87-92 li/
Bond
4?
4-1/8? Bond
4-1/4? Bond
2/15/70
2/15/74
8/15/87-92 11/
Note
11/15/65-E
5/15/64
8,560
,560
176
140
145
3-5/8? Note
2/15/66-B
5/15/62
3,260
3,260
588
334
144
lA
1/15/65 6/
Results of exchange offers
3-7/8? Note
2/15/66-C
8/15/64
4,040
4,040
379
400
665
3-3/i? Bond
5/15/66
11/15/60
2,250
2,250
U7
.
300
116
3-3/4? Note
8/15/67-A
9/15/62
4,433
4,433
903
461
140
724
3-5/8? Bond
11/15/67
3/15/61
Total
3,604
3,604
739
122
33,077
33,077
9,766
V_
1/31/65
3.680? Bill
1/31/65
2/6/64
1,000
2/15/65
2-5/8? Bond
2/15/65
6/15/58
2,168
2/28/65
3.765? Bill
2/28/65
3/3/64
1,001
1.001 1/
3/22/65
{3.580? Bill
3.518? Bill
3/22/65
3/22/65
9/2/64
9/2/64
1,001
1,503
1,001 8/
1,503
3/31/65
3.719? Bill
3/31/65
4/8/64
1,001
1,001 1/
4/1/65
1-1/2? Note
4/1/65-EA
4/1/60
466
466
V30/65
3.705? Bill
4/30/65
5/6/64
1,001
1,001
4-5/8? Note
5/15/65-*
5/15/60
1,816
3-7/8? Note
5/15/65-C
11/15/63
6,620
5/15/65
Total.
1
3.719? Bill
5/31/65
6/2/64
6/22/65
{3.639? Bill
|3.711? Bill
6/22/65
6/22/65
11/24/64
ll/2i/64
1,816
803
732
281
J
6,620
5,102
1,329
189
J4?
7,966
470
5.151P
l,884p
233p
y
,436
22/
11/15/66-E
Note
4?
[4-1/4? Bond
8/15/66-A 11/
5/15/74 11/
Note
4- 1/4? Bond
8/15/66-A 11/
5/15/74 11/
I
f5,904
12,062
Note 11/
of 4?
of 4-1/4? Bond U/
4?
{<4?
Note
Bond
y
1,505 8/
1,758 8/
6/30/65
3.691? Bill
6/30/65
7/7/64
1,001
1.001
3.6U? Bill
7/31/65
8/4/64
1,000
1,000
8/13/65
3-7/8? Note
2/15/64
7,268
8/31/65
3.688? Bill
8/31/64
1,000
8/31/65
Note
1,649
y
7/31/65
8/13/65-
4?
518
2,168 26/
1.000
1,505
1,758
of 4?
Bond
of 4-1/8? Bond
of 4-1/4? Bond 11/
.000 2/
8,436
5/31/65
4,381
3,130
2,254
y
y
7,268
1,000 J/
(Footnotes on following page)
2/15/67-C
2/15/69 11/
.
.
Treasury Bulletin
52
j
PUBLIC DEBT OPERATIONS
Footnotes to Table 7
Source:
Daily Treasury statement: Bureau of the Public Debt.
1/ Original call and maturity dates are used.
2/ All by investors other than Federal Reserve Banks.
1/ Rolled over into a one-year bill (see Table 4).
A/ Holders of the maturing certificates were not offered preemptive
rights to exchange their holdings, but were permitted to present
them in payment or exchange, in whole or in part, for the 3-1/4^
notes offered in the amount of around $6.9 billion. For detail of
offering, see Table 4.
Excess of maturing i,-7/S% certificates over allotments of new
securities on subscriptions from holders of those certificates (see
Table 4, footnotes 6 and 7).
6/ Advance refunding offering. Pursuant to the provisions of section
1037 (a) of the Internal Revenue Code of 1954 as added by Public Law
86-346, approved September 22, 1959, the Secretary of the Treasury
has declared that no gain or loss shall be recognized for Federal
income tax purposes upon the exchange of the eligible outstanding
securities solely for the new securities. For tax purposes, therefore, the investor will carry the new securities on his books at the
same amount as he had been carrying the eligible securities exchanged.
Gain or loss, if any, upon the securities surrendered in exchange
will be taken into account upon the disposition or redemption of the
new securities.. See also Table 5.
2/ From March 20 through March 22, 1961, owners of 2-1/4? bonds of June
15, 1959-62, 2-1/1$ bonds of December 15, 1959-62, 2-5/8? notes
maturing February 15, 1963, and 2-1/2? bonds maturing August 15, 1963,
were granted the option of exchanging their holdings. The first
three were exchangeable for a new 3-5/8? bond due November 15, 1967,
and the last for a new 3-3/8? bond due November 15, 1966. Exchanges
were subject to allotment if subscriptions exceeded $5 billion for
the bonds of 1967 or $3 billion for the bonds of 1966.
8/ Tax anticipation issue; for detail of offerings beginning 1961, see
Table 4; for amounts redeemed for taxes and for cash see "Note" below.
2/ Holders of the maturing certificates and notes were not offered
preemptive rights to exchange their holdings, but were permitted to
present them in payment or exchange, in whole or in part, for the
$5,250 million offering of 3? certificates or the $2,500 million
offering of 3-1/4? notes. For detail of offering, see Table 4.
Excess
10/
of maturing 4-3/8? certificates and 3-5/8? notes over
allotments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 12 and 13).
11/ Reopening of an earlier issue.
12/ $1, 569 million was redeemed for cash and $168 million was exchanged
for the tax anticipation bills dated March 23, 1962 (see Table 4).
Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them in
payment or exchange, in whole or in part, for the $6,500 million
offering of 3-1/2? certificates, the $1,500 million offering of
4? bonds, or the $750 million offering of 4-1/4? bonds. For detail
of offering, see Table 4.
Excess
of maturing 4? notes and 3-1/4? notes over allotments of new
U/
securities on subscriptions from holders of those notes (see Table 4,
footnotes 27 and 28).
From September 10 through September 12, 1962, owners of securities
maturing February 15, 1963 (3-1/2? certificates, 2-5/8? notes,
3-1/4? notes), and May 15, 1963 (3-1/4? certificates, 3-1/4? notes,
4? notes) were granted the option of exchanging their holdings,
subject to allotment if subscriptions exceeded the offering limits
of $6 billion for the notes and $3 billion for the bonds.
Called on August I4, 1962, for redenption on December 15, 1962.
17/ Holders of the maturing one-year bills were offered the option to
exchange the bills for the tax anticipation bills dated October 15,
1963 (see Table 4, footnote 45).
18/ Holders of the maturing certificates and notes were not offered
preemptive rights to exchange their holdings, but were permitted to
y
H/
w
present them in payment or exchange, in whole or in part, for the
$7,600 million offering of 3-7/835 notes. For detail of offering, see
Table 419/ Excess of maturing 3-1/8% certificates and 4-7/8^ notes over allotments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 47 and 4S).
20/ Tax anticipation bills issued to replace the maturing; one-year billj
(see Table 4, footnote 50).
21/ From January 13 through January 17, 1964, owners of securities
maturing August 15, 1964 (3-3/4% notes and 5% notes), November 15,
1964 (3-3/45S notes and A-7/&% notes), February 15, 1965 (2-5/8^ bonds),
and May 15, 1965 (4-5/8*^ notes) were granted the option of exchanging
their holdings subject to allotment if subscriptions exceeded the offering limits of $4 billion for the 4^ bonds and $750 million for the
4-1/4^ bonds. Subscriptions to the 4-1/4% bonds exceeded the limitaFor allotment details see Table 4, footnote 52.
tion.
22/ Holders of the matixring notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them in
payment or exchange, in whole or in part, for the 3-7/^8% notes
offered in the amount of about $4.0 billion. For detail of offering,
see Table 4.
22/ Excess of maturing 5% notes and 3-3/4% notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 59 and 60)
Holders of the maturing notes were not offered preemptive rights to
24/
exchange their holdings, but were permitted to present them in payment or exchange, in whole or in part, for the 4% notes offered in the
For detail of offering, see Table 4.
amount of about $9 1/4 billion.
25/ Excess of maturing 4-7/3% nites and 3-1/4% notes over allotments of
new securities on subscriptions from holders of those notes (see Table
4, footnotes 62 and 63)
26/ Holders of the maturing bonds were not offered preemptive rights to
exchange their holdings, but were permitted to present them in payment or exchange, in whole or in part, for the 4% notes offered in
the amount of about $2,170 million. For detail of offering, see
Table 4.
27/ Excess of maturing 2-5/8% bonds over allotments of the new security
on subscriptions from holders of those bonds (see Table 4, footnotes
66 and 67).
Preliminary.
p
Wote:
Information on retirement of tax anticipation issues referred to
in footnote 8, in millions of dollars:
September 1965
53
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (hfonmarketable)
Issued to Official Institutions of Foreign
Countries
Treasury Bulletin
54
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U.
S.
Dollars)
September 1965
55
PUBLIC DEBT OPERATIONS.
Table 8.- Foreign Series Securities (Nonmarke table)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U.
S.
Dollars)
Treasury Bulletin
56
PUBLIC DEBT OPERATIONS.
Table 8.- Foreign Series Securities (Nonmarketablel
Issued to Official Institutions of Foreign Countries - (Continued)
September [965
57
PUBLIC DEBT OPERATIONS
SerleF SecurltleP (Nonmarketablel
^ x'^^«i!.®!"/°''®*^"
Issued
to Official Institutions of Foreign Countries (Continued)
Treasury Bulletin
58
PUBLIC DEBT OPERATIONS
Table 9.- Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
Month of
activity
September 1965
59
PUBLIC DEBT OPERATIONS
Table 9.- Foreign Currency Series Securities (Nonmarke table)
lesued to Official Institutions of Foreign Countries - (Continued)
Araount
Month of
activity
Security
Payable
Issue
date
Maturity
date
(Dollar equivalent)
Interest
rate
Retired
(
Italian lire
196^-April..
3/29/63
6/28/63
9/30/63
3/29/65
6/28/65
9/30/65
3.27
3.30
3.69
4.^1/6A
10/1/65
11/1/65
12/1/65
1/1/66
4/24/64
7/26/65
4.04
50
4. OS
50
50
3.13
3.93
50
5/25/64
9/27/65
3/25/65
2.82
3.84
3.37
30
70
7/1/64
7/1/64
10/1/65
2.82
3.81
7/1/64
7/1/^4
7/1/64
1/24/63
7/24/64
2/1/66
3/1/66
4/1/66
7/24/64
5/2/66
3.83
3.84
3.85
3.18
3.77
50
50
50
S/4/64
9/7/65
3.67
52
4/4/63
9/4/64
9/4/64
2/4/66
2.83
3.87
23
4/26/63
10/26/64
10/26/64
4/26/66
3.23
3.90
25
Bonds
4/1/64
German marks
4/1/6/,
1/24/63
4/24/64
V24/63
Swiss francs
May.
5/2?/'?4
5/25/64
4A/6T
Swiss francs
Bonds
July.
German marks
Aug.
Swiss francs
.
Sept.
.
Bonds
Swiss francs
[
I
Bonds
Oct.
Nov.
r
Austrian
schillings
1^
25
75
50
50
30
832
983
50
50
1,035
23
30
10/31/63
10/30/64
3.54
Bonds
Swiss francs
10/30/64
12/31/65
3.87
30
Bonds
German marks
10/30/64
6/1/66
3.90
50
German marks
f 2/14/63
1^11/16/64
11/16/64
7/1/66
3.09
3.93
50
Swiss francs
5/16/63
1^11/16/64
11/16/64
5/16/66
2.82
3.92
23
7/1/63
1/1/65
1/1/65
7/1/66
2.89
3.99
25
2/14/63
2/15/65
2/15/65
8/1/66
3.14
4.04
50
Austrian
schillings
2/23/65
8/23/66
4.09
25
Austrian
schillings
3/3/65
9/6/66
4.11
25
.
Swiss francs
l/20/6i
i/20/65
4/20/65
7/20/66
4.02
Belgian francs
5/16/63
5/16/65
5/20/63
5/2D/b5
5/16/65
5/16/67
5/20/65
5/22/67
3.26
4.08
3.22
4.09
'12/11/63
6/11/65
6/11/65
12/12/66
3.83
4.04
3/9/65
7/9/65
7/30/65
7/9/65
11/9/66
10/31/66
3.71
Swiss francs
German marks
7/11/63
4/24/64
7/26/65
7/11/65
7/26/65
9/1/66
3.55
3.93
3.97
50
Italian lire
7/30/65
1/30/67
4.03
125
Bonds
.
.
May ....
J\ine
July...
Bonds
Bonds
.
Swiss francs
Austrian
schillings
Bonds
(
f
Continued on following page)
1,086
23
25
].,.
50
1,112
1,137
23
3.61
3.98
3.95
1,086
50
.
German marks
.
1,035
25
Swiss francs
Bonds
762
\.
50
Certificates of indebtedness
Bonds
Apr.
In millions of dollars)
Bonds
1965-Jan....
Mar.
4.06
4.07
Total outstanding
end of month
23
}
137
20
20
1,137
10
10
25
1,137
25
28
28
23
25
50
1,259
Treasury Bulletin
60
PUBLIC DEBT OPERATIONS
Table 9.- Foreign Currency Series Securities <Nonmarke table)
Issued to Official Institutions of Foreign Countries - (Continued)
Month of
activity
Security-
Payable
in
—
Issue
date
Maturity
date
t
Interest
rate
Issued
Amount
Dollar equivalent)
Retired
Total outstanding
end of month
(In millions of dollars)
Swiss francs
5/25/64
8/25/65
8/25/65
11/25/66
3.37
3.95
German marks
8/28/63
3/28/65
8/28/65
10/3/66
3.66
4.07
1965-Aug.
70
69
1,259
50
50
1
Source:
Daily Treasury statement.
Information in this table covers transactions from inception through August
31, 1965
September 1965
.,
.
..
Treasury Bulletin
62
]
.UNITKD STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(
In millions of dollars)
Amount outstanding
Redemptions 1/
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Sales
price 3/
Total
Accrued
discount 3/
Interest-bearing
debt
40,929
41,498
Series E and H Combined
Fiscal years:
19il-1956
1957
1958
1959
I9«i
1961
1962
1963
196i
1965
3i,463
4,613
4,670
4,506
4,307
4,464
4,421
4,518
4,656
4,543
10,298
1,133
1,161
1,174
1,194
1,254
1,331
1,3S6
1,458
1,502
94,761
5,746
5,831
5,680
Calendar years:
19il-1956
1957
1953
1959
1960
1961
1962
1963
1964
36,763
4,507
4,689
4,320
4,350
4,539
4,278
4,760
4,609
10,863
1,143
1,178
1,169
1,224
1,293
1,372
1,404
1,491
97,625
431
394
414
144
391
356
362
117
116
138
388
371
146
116
Months:
1965-January.
February.
March, .
.
April
May
June
.
.
July
August.
.
.
119
121
53,832
5,176
5,137
5,107
5,502
4,627
4,603
4,500
4,736
4,937
50,038
4,444
4,432
4,310
4,616
3,906
3,873
3,759
3,932
4,154
3,794
732
755
797
886
721
731
742
754
833
5,649
5,867
5,489
5,574
5,832
5,650
6,164
6,101
56,228
5,469
4,856
5,519
4,996
4,484
4,636
4,557
4,841
52,105
4,686
4,129
4,636
4,202
3,781
3,882
3,823
4,061
,122
783
727
883
794
703
575
513
535
490
417
453
394
345
381
96
72
77
48,452
48,547
48,624
507
472
462
408
501
440
384
340
365
78
63
74
48,670
43,733
48,795
535
435
430
362
362
73
68
43,894
48,951
5,501
5,717
5,753
5,904
6,1U
6,045
488
Series
Fiscal years:
1941-1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
31,683
268
83
65
54
46
32
27
22
13
Calendar years:
1941-1956
1957
1958
1959
1960
1961
1962
1963
1964
Months ;
1965-January.
February.
March. .
April.
May
937
.
54
46
32
27
22
18
15
15
74
32,833
172
58
52
38
29
25
19
16
58
52
38
29
25
19
16
1
1
1
1
.
1
1
.
1
1
1
1
1
1
June
July
August.
31,853
98
32,619
352
65
1
.
1
F,
G,
J,
15,739
and K combined
y
754
733
780
42,
U2
42,716
42,715
43,806
44,955
46,359
47,737
48,795
41,393
41,578
42,539
42,559
43,137
44,485
45,499
47,106
48,366
Matured
noninterestbearing debt
September 1965
63
UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E througii K
i
-
fContinued)
In millions of dollars)
Redemptions L'
Sales 1/
Period
Fiscal years:
19il-1956
1957
1958
1959
1960
1961
1962
1963
196i
3965
81,233
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price 3/
53,638
4,981
4,951
4,889
5,181
4,394
4,343
4,203
4,363
4,538
49,84;
4,248
4,196
4,092
4,295
3,673
3,613
3,461
3,609
3,705
3,794
732
755
797
886
721
731
742
754
833
55,951
5,220
4,658
5,225
4,729
4,249
4,349
4,229
4,425
51,829
4,437
3,931
4,342
3,935
3,546
3,595
3,495
3,646
91,536
5,052
4,136
4,112
10,298
1,133
1,161
1,174
1,194
1,254
1,331
1,386
1,458
1,502
83,176
3,875
3,802
3,598
3,632
3,711
3,624
4,185
4,132
10,86?
1,143
1,178
1,169
1,224
1,293
1,372
1,404
1,491
94,038
383
358
375
144
527
February
March.
119
121
477
496
457
383
413
April. .
May
June ....
355
327
331
117
116
138
471
443
470
July
August,
351
341
146
116
3,919
3,889
3,688
3,603
3,689
3,67i
,
3,9U
Calendar years:
1941-1956
1957
1958
1959
I960
1961
1962
1963
196i
Months:
1965-January.
.
Fiscal years:
1952-1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
Calendar years
1952-1956
1957
1958
1959
1960
1961
1962
1963
1964
4,122
783
727
883
794
703
754
733
780
278
212
199
208
198
38,087
37,885
38,206
37,748
37,597
38,140
38,587
39,740
40,739
361
311
336
96
72
21
16
77
17
441
367
400
347
300
325
78
68
74
16
15
497
398
324
73
18
41,159
457
391
323
68
16
41,209
3,225
694
782
818
704
775
747
604
194
196
236
217
322
233
5,300
5,594
5,6U
5,018
4,979
4,767
4,856
5,. 103
4,996
5,589
5,623
521
521
260
298
373
431
431
449
3,587
631
887
722
718
828
654
3,587
631
887
722
718
828
654
575
477
575
477
277
248
198
294
267
235
287
328
416
277
248
198
294
267
235
287
328
416
48
48
33
36
39
36
39
U
34
33
34
U
36
29
31
36
29
31
36
41
40
1965-January,
February
March, .
April,.
36
41
40
.
.
.
38
37
37
July
August.
39
39
U
201
188
219
191
206
188
:
,
38
30
Amount
outstanding
{ interestbearing debt)
201
188
219
191
206
188
4,862
4,797
4,943
5,005
Months:
May
June
Exchanges of
E bonds for
H bonds
37,898
37,969
38,067
38,040
37,456
37,817
38,260
39,166
40,190
41,078
5,049
194
196
236
217
322
233
260
298
373
449
3,225
694
782
818
704
775
747
604
Accrued
discount 3/
30
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary,
Footnotes at end of Table 4,
278
212
199
208
198
21
16
17
40,789
40,866
40,932
40,962
41,023
41,078
3,031
3,529
4,075
4,676
5,259
5,989
6,695
7,193
7,546
7,716
3,310
3,693
4,383
4,811
5,540
6,345
6,912
7,367
7,627
7,662
7,681
7,692
15
U
7,707
7,711
7,716
18
16
7,735
7,742
16
..
Treasury Bulletin
64
.UNITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(in millions of dollars)
Matured
Period
Total 1/
Total
Fiscal years
Series E
and H
Other
:
,137
,109
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
Calendar years
,621
1,761
515
251
,846
,958
544
249
557
,819
716
273
,164
,346
2,747
,651
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
,074
,149
985
,301
,264
,630
255
772
,732
,595
,602
Months:
1965-January.
February
March. .
.
May
June ....
July
August.
3,941
4,263
4,115
3,730
3,621
4,126
2,673
2,593
2,250
2,057
2,184
38
702
1,128
1,487
1,826
1,917
1,971
1,906
1,996
2,304
1,733
1,668
1,593
1,754
1,938
;
1951
April.
317
792
772
1,015
2,318
3,171
4,230
4,246
4,156
3,393
4,701
3,033
2,555
254
968
1,328
1,500
2,047
1,891
2,084
1,691
2,433
1,944
1,633
1,656
1,617
1,889
,021
2,387
2,043
,252
2,171
529
446
488
206
265
489
433
464
189
145
183
463
151
139
456
199
184
171
150
174
243
167
131
162
779
September 1965
65
.OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and
Types of Issues
(
In millions of dollars)
Interest-bearing securities issued
by the U.S. Government
Total
Federal
securities outstanding
End of
fiscal
year or
month
Held by U. S. Government
investment accounts 2/
Total
nutstanding
1/
Total
Public
issues
Special
issues
Held by
Federal
Reserve
Banks public
issues
Interest-bearing securities guaranteed by the U.S. Government 4/
Held by private
investors 2.^
Total
1957
1958
1959
I960
270,634
27b,iM.
28^,817
236,471
268,486
274,698
281,833
233,241
55,501
55,842
54,554
55,259
8,674
9,596
9,799
10,360
46,827
46,246
44,756
44,899
23,035
25,438
26,044
26,523
189,949
193,418
201,235
201,459
127,179
134,593
1961
1962
1963
1964
1965
289,211
298,645
306,466
312,526
317,864
235,672
294,442
301,954
307,357
313,113
56,002
56,296
58,206
60,964
63,236
10,959
11,357
13,405
14,337
14,586
45,043
44,939
44,801
46,627
48,650
27,253
29,663
32,027
34,794
39,100
196ii-Decemb er
318,750
313,553
60,437
14,361
46,076
1965-January.
February,
March
318,646
320,575
318,416
313,677
315,545
313,332
58,915
60,244
14,680
14,674
44,235
45,570
60,505
14,846
45,659
37,591
317,213
319,823
317,864
312,209
314,166
313,113
59,028
62,537
63,236
14,626
14,703
14,586
U,402
37,754
38,686
39,100
317,056
318,742
312,197
313,896
62,182
64,703
U,393
47,789
14,923
49 780
39,207
39,049
April
May
June
—
July
August.
.
.
47,833
48,650
,
2/
Held by
private
investors
2/
106
101
110
139
50
54
46
149,546
62,770
58,825
56,252
51,913
63
79
47
60
2,042
1,646
2,873
3,090
202,417
208,483
211,721
211,598
210,776
151,392
157,418
160,361
159,575
157,220
51,025
51,065
51,360
52,023
53,556
240
444
605
812
87
167
165
159
153
277
440
653
3,300
3,759
3,907
4,357
539
139
450
4,163
37,044
216,073
163,264
52,803
171
637
4,388
36,741
36,907
218,020
218,394
52,815
52,898
146
513
215,236
165,205
165,496
162,282
52,955
717
154
156
536
561
4,311
4,340
4,367
215,427
212,943
210,776
162,283
159,776
157,220
53,144
53,167
53,556
655
604
589
138
141
139
463
450
4,349
5,053
4,163
210,808
210,144
157,276
156,641
53,533
53,503
470
499
115
116
355
383
4,388
4,346
Daily Treasury statement for total amounts outstanding; reports
from agencies and trust funds for securities held by U. S. Government
investment accounts; and reports from Federal Reserve System for
securities held by Federal Reserve Banks.
Includes certain debt not subject to statutory limitation. For amounts
subject to limitation, see page 1.
Includes accounts under the control of certain U. S. Government agencies
Source:
1/
Held by
Total
U. S.
outGovernment
standing investment
accounts
2/
Public
nonmarketable
issues
Public
marketable
issues
Matured
debt
and
debt
bearing
no
interest
^/
L/
ia,983
659
690
56
517
whose investments are handled outside the Treasury.
The total amount of interest-bearing securities held by private investors is calculated by deducting from the total amount outstanding the
amount held by U. S. Government investment accounts and Federal
Reserve Banks.
Consists of guaranteed securities held outside the Treasury. All are
public marketable issues.
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts and Other Accounts Handled by the Treasury 1/
(In millions of dollars; negative figures are net sales)
Year
194D.
1941.
1942.
1943.
1944.
1945.
1946.
1947.
Jan.
-9.5
-2.3
-.5
-14.5
-9.9
-67.5
-8.1
Feb.
-20.9
12.0
30.0
-90.3
-105.1
-48.1
-.7
.1
Mar.
-5.7
-16.5
-55.6
-4.7
3.3
-61.3
106.8
22.1
24.6
7.0
23.0
-9.8
72.6
-155.9
23.0
16.5
-21.3
47.1
10.7
13.4
10.6
62.2
43.1
1962,
-1.3
14.3
-123.4
14.1
17.5
-5.6
76.9
1963
1964
1965
80.7
148.7
397.6
142.1
101.1
210.9
293.5
111.3
33.2
1956,
1957,
1958,
1959
i960
1961
1/
-6.6
36.3
-1.6
-.7
5.8
-72.9
-11.5
-5.9
177.4
-1.8
13.5
261.2
6.7
8.8
-4.0
77.2
1943.
1949,
1950,
1951.
1952.
1953.
1954.
1955,
Apr.
5.1
6.3
482.7
.5
12.9
-22.4
18.9
56.1
13.9
.3
.4
-12.1
1.5
1.1
8.4
19.9
36.2
-2.9
29.9
46.7
35.4
-2.1
44.0
16.4
19.5
18.2
32.3
U.6
7.0
June
May
.4
.9
-.2
.4
.3
-35.2
-10.0
-34.4
-145.8
20.5
-56.4
-69.8
-359.2
.4
-338.6
-30.4
-54.7
-1.9
11.4
2.9
35.9
2.8
56.2
1.1
-33.4
5.1
3.5
1.5
20.1
-45.5
22.5
July
1.0
5.4
-.1
8.2
4.4
7.2
4.6
.2
1.4
7.9
-21.7
74.8
21.8
24.2
39.9
656.2
155.8
143.1
73.9
141.0
69.7
-59.0
28.7
Consists of purchases or sales, in the market, by the Treasury of securities
issued or guaranteed by the U. S. Government for (1) trust funds which by
law are under the control of the Secretary of the Treasury or the Treasurer
of the U. S., (2) accounts under the control of certain U. S. Government
agencies whose investments are handled through the facilities of the
Treasury Department; and (3) purchases prior to maturity by the Secretary
-4.4
-.2
-4.5
-2.7
-28.1
-12.5
-74.1
-123.1
49.2
182.4
53.1
-.3
-8.4
-15.8
-19.0
-.2
-41.2
-308.1
U5.5
32.2
35.5
25.6
61.9
U5.9
3.8
-2.0
4.7
1.9
.4
-17.2
20.3
9.4
26.4
19.1
18.3
U.4
17.3
-304.4
33.5
223.4
578.6
Dec.
Sept.
-2.3
-67.8
-18.5
-17.0
-157.8
-609.1
398.8
15.8
177.2
9.9
-14.5
15.4
-8.7
5.7
313.4
-86.3
Aug.
-1.1
60.0
-5.0
-5.9
4.8
-12.0
-57.6
221.0
-20.3
696.4
.3
-123.0
-14.1
.1
-.2
-.1
7.0
29.0
8.2
5.0
2.8
3.5
38.4
-10.0
11.8
-1.7
5.8
8.4
16.5
17.0
21.1
-30.7
11.5
10.7
-3.6
11.7
-1.1
8.4
10.3
10.6
28.3
3.4
25.1
325.5
56.2
26.6
17.3
41.1
25.5
36.8
-23.3
83.9
-67.3
71.6
105.5
57.3
-25.4
21.3
33.3
43.7
113.1
39.7
27.8
19.5
373.1
169.8
345.7
126.2
436.7
100.1
33.8
116.8
U.2
7.9
55.1
.6
41.0
234.8
securities as authorized under
of the Treasury of any outstanding
Act, as amended (31 ".S.C. 754a)
Section 19 of the Second Liberty Bond
transactions for the Exchange
This table excludes (1) all investment
by subscription on original
Stabilization Fund; and (2) all purchases
redeemed upon maturity.
issue and all securities which are
Less than $50,000.
i31
..
.,
..
,.
.
Treasury Bulletin
66
OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par values 1/ in billions of dollars)
Held by private nonbank investors
Held by banks
Total
Federal
securities
outstanding 2/
End of
month
u.
Commeroial
banks
1/
Federal
Reserve
Banks
s.
Government investment
accounts
Individuals 4/
Savings bonds
Total
E and H
Other
series
Series
-June
Deo
.
-June.
Deo
-June
Deo
.
-June.
Dec
.
.
.
.
279.^
259.5
93.8
74.5
22.9
23.3
28.0
30.9
State
and
Corporalocal
tions 6/
governments
Other misForeign
and inter- cellaneous
national
investors
2/
^
1.9
8.2
6.3
3.1
2.2
.4
.2
135.1
130.7
64.1
64.2
30.8
30.3
12.5
13.9
20.8
11.1
19.9
15.3
6.7
6.3
2.4
20.1
24.4
24.9
34.5
34.5
15.4
15.1
17.6
16.7
19.3
18.7
11.6
18.4
19.7
3.7
15.9
-Feb. 2/.
Dec
^
other
securities
Mutual
Insurance savcompanies ings
banks
11.8
2.1
3.5
257.
25c. 7
65.6
61.8
18.3
20.8
37.8
39.2
135.6
134.9
67.4
66.3
255.3
259.5
58.4
61.6
23.0
23.8
41.0
42.3
132.9
131.8
65.4
64.6
34.5
34.7
14.6
14.4
16.3
15.5
17.1
16.5
10.2
9.8
20.1
20.7
9.4
9.6
4.2
4.3
259.2
267. i
61.1
63.4
22.9
24.7
44.3
45.9
130.3
133.4
64.3
65.2
34.9
35.3
14.1
15.7
16.0
15.7
16.0
9.6
9.5
18.8
19.9
10.4
13.8
11.1
4.7
5.3
26c.
58.8
63.7
24.7
25.9
47.6
43.3
135.0
137.3
66.1
64.8
36.0
36.7
13.2
12.7
16.8
15.4
16.0
15.9
9.5
9.2
18.6
21.5
12.0
12.7
5.7
5.9
1
275.2
10.9
4.3
-June.
Dec ...
271.3
278.3
63. c
25.0
24.9
49.3
49.6
133.3
135.1
64.8
63.5
37.5
38.2
12.1
11.7
15.2
13.6
15.4
15.3
9.1
69.2
16.5
19.1
13.9
14.4
6.0
6.3
-June
Dec
274.4
230.3
63.5
62.0
23.6
24.8
50.5
51.7
136.7
142.3
65.2
65.0
39.3
40.1
10.9
10.2
15.0
14.8
15.0
14.6
8.7
3.5
18.6
23.2
14.7
15.4
6.8
7.5
23.8
24.9
53.5
54.0
138.3
138.2
66.6
65.9
40.9
41.4
9.4
3.7
16.3
15.8
13.6
13.2
3.4
8.0
17.3
18.7
16.1
16.3
7.9
7.8
.
.
-June.
Deo
.
.
272.8
276.7
270.6
275.0
56.2
59.5
23.0
24.2
55.6
55.2
135.9
136.1
66.3
64.9
41.5
41.6
7.6
6.6
17.2
16.7
12.7
12.5
7.9
7.6
16.1
17.7
16.8
16.6
7.6
7.6
276.4
283.0
65.3
67.5
25.4
26.3
55.9
54.4
129.9
134.8
64.4
63.7
42.1
42.5
5.9
5.2
16.4
16.0
12.2
12.7
7.4
7.3
14.1
18.1
16.3
16.5
6.5
7.7
-June. .
Deo. ...
284.8
290.9
61.5
60.3
26.0
26.6
54.6
53.7
142.6
150.3
66.3
69.4
42.6
42.4
4.5
3.5
19.3
23.5
12.6
12.5
7.3
6.9
19.8
21.4
16.9
18.0
10.1
12.0
-June.
Deo
2S6.5
290.4
55.3
62.1
26.5
27.4
149.3
145.8
69.7
66.1
42.5
42.9
3.1
2.7
24.1
20.5
12.0
11.9
6.6
6.3
19.5
18.7
18.8
13.7
12.3
13.0
289.2
296.5
62.5
67.2
27.3
28.9
143.3
145.9
64.6
65.9
43.6
44.2
2.5
2.2
18.6
19.5
11.4
11.4
6.3
6.1
18.5
18.5
19.3
19.0
12.7
13.4
298.6
304.0
65.2
67.2
29.7
30.8
147.3
150.4
65.7
66.0
44.6
45.1
2.0
19.0
19.2
11.4
11.5
6.3
6.1
18.2
18.6
20.1
20.1
14.1
15.3
303.9
305.2
303.5
303.7
66.7
65.8
64.7
65.1
63.9
64.4
63.3
61.7
63.0
63.2
62.8
64.3
30.3
30.6
31.0
31.2
31.3
32.0
32.5
32.4
32.6
32.8
33.7
33.6
54.5
55.1
55.1
54.3
57.1
58.4
57.1
58.9
58.3
57.2
57.7
58.0
152.4
153.7
152.8
153.2
153
151
152
154
153
154.0
154.7
154.3
66.4
66.6
66.9
66.1
65.7
66.1
66.9
67.2
67.5
67.7
68.0
68.2
45.3
45.5
45.6
45.7
45.8
46.0
46.1
46.2
46.3
46.4
46.6
46.7
1.7
1.7
1.6
1.6
1.6
1.5
1.5
1.5
1.4
1.4
1.4
1.4
19.4
19.5
19.7
18.8
18.3
18.6
19.3
19.5
19.7
19.9
20.1
11.6
11.5
11.3
11.2
6.1
6.1
6.3
6.1
6.1
6.1
6.1
6.1
6.0
5.8
5.8
5.8
19.7
20.2
19.6
19.9
21.0
18.7
18.8
19.5
18.0
18.7
19.8
18.7
20.4
20.4
20.6
21.2
21.2
21.5
21.4
21.6
21.2
20.9
20.6
21.1
15.3
15.2
15.4
15.6
15.9
15.8
15.6
15.9
16.0
15.9
16.0
15.9
62.9
62.2
61.6
61.1
60.0
60.2
59.3
60.1
61.9
62.2
63.6
64.0
32.8
33.2
33.8
33.2
56.5
57.5
57.6
56.1
59.4
61.1
59.9
61.8
61.8
60.5
61.2
60.6
157.2
158.3
157.4
158.0
158.7
156.4
157.7
157.9
157.5
158.0
157.8
157.1
68.7
69.0
69.5
68.7
69.1
69.2
69.5
69.0
69.6
69.8
69.7
70.1
46.8
46.9
47.0
47.1
47.2
47.3
47.4
47.5
47.6
47.7
47.8
47.9
1.3
1.3
1.3
1.2
20.6
20.8
21.2
20.3
20.7
20.7
20.9
20.4
20.9
21.0
20.8
21.2
11.3
11.3
11.2
11.0
11.0
10.9
10.9
11.0
5.9
6.0
6.1
6.0
6.0
6.0
6.0
6.0
6.0
5.8
5.7
5.7
20.0
21.0
19.8
20.2
20.8
13.5
19.0
19.0
17.7
13.7
18.5
17.9
21.2
21.4
21.7
22.6
22.6
22.5
22.2
22.6
22.1
21.9
21.6
21.1
15.9
15.9
15.6
15.3
15.4
15.6
15.8
16.0
16.3
16.3
16.6
16.7
62.8
61.6
60.3
59.5
36.7
36.9
37.6
37.8
38.7
39.1
39.2
59.1
160.0
161.7
159.9
160.8
160.4
157.5
158.6
70.8
71.3
72.0
71.4
43.0
48.1
48.2
48.2
48.3
48.3
48.4
1.0
1.0
1.0
1.0
21.8
22.2
22.8
22.2
22.2
21.9
2?.0
11.3
11.2
11.1
11.0
10.9
10.6
10.6
5.8
5.9
6.0
5.8
5.8
5.8
18.6
19.0
17.2
17.3
18.1
15.9
17.1
22.0
22.7
22.8
24.0
24.0
23.6
23.5
16.5
16.6
16.0
16.0
15.8
15.7
15.7
-June .
Deo
-June.
Dec
-June.
Deo
-June.
Deo
-Jan.
Feb
.
.
.
.
.
.
.
,
.
Mar
Apr,
May ....
June.
July...
Aug
Sept. .
Oct
,
Nov.
Dec
,
.
30
"^..3
306.5
305.5
307.2
307.3
307
308.9
310.1
.
-Jan.
Feb
Mar
Apr.
May....
June. .
July...
Aug
Sept...
Oct
Nov. .
Dec
309
311.1
310.4
-Jan ....
Feb
318.6
320.6
318.4
317.2
319.8
317.9
317.1
.
.
.
.
.
Mar.
Apr.
May.
. .
. .
. .
June . .
July p.
.
308.4
312.3
312.5
312.0
314.9
316.5
316.5
319.3
318.7
58.1
57.9
57.0
34 ."234.3
35.1
35.2
35.4
35.7
36.8
37.0
60.4
60.7
59.2
62.7
63.4
62.3
71.4
71.2
71.4
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.
1.8
1.1
1.1
1.1
1.0
.9
^
^
6/
7/
8/
2/
20.1
11.1
11.0
11.1
11.1
11.2
11.2
11.3
11.3
U.2
11.2
11.2
11.1
Includes partnerships and personal trust accounts.
Discontinued series. See savings bonds tables.
Exclusive of banks and insurance companies.
Consists of the investments of foreign balances and international
accounts in the United States.
Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers.
Immediate postwar debt peak, p
Preliminary.
September 1965
67
TEEASUEI SDKTEY OF OWNERSHIP, JULY 31, I965.
The monthly Treasury Survey of Ownership covers securities issued by the United States Government and by FedThe banks and insurance companies included
eral agencies.
in the Survey currently account for about 90 percent of all
such securities held by these institutions.
The similar
proportion for corporations and for savings and loan associations is 50 percent, and for State and local governments,
Data were first published for banks and in70 percent.
surance companies in the May 19-^1 Treasury Bulletin, for
Section
-
I
corporations and savings and loan associations in the September 1960 Bulletin, and for State and local governments
in the February 1962 Bulletin.
Holdings by commercial banks distributed according to
Federal Reserve member bank classes and nonmember banks are
published for June 30 and December 31. Holdings by corporate pension trust funds are published quarterly, first
appearing in the March 195-i Bulletin.
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of all Securities
(Par values - in millions of dollars)
Held
Total
amount
outstanding 1/
Classification
Interest-bearing securities;
Public marketable
Public nonmarketable 6/
Special issues
209,13-1
\s^
investors covered in Treasury Survey
Insurance companies
501
5,968
commercial
banks
mutual
savings
banks
2/ 3/
2/
i7,727
55,7U
ISi, ll
478 fire,
296
life
casualty,
find
State and local
governments l^'
488
savings 469
191
and loan corpo316
pension
associa- rations
general and
tions
marine
ment accounts
Federal
re- and
tirement Reserve Banks
funds
funds
5,597
lOi
4,592
4,335
67
3,60E
60
S,2S7
193
10,671
115
6,233
188
51,503
Z,211
47,789
5,702
4,785
4,402
3,668
8,299
10,786
b,421
101,503
A7,739
Total interest-bearing
securities
312,667
Matured debt and debt bearing
nn interest «/
A7,911
S. Qovernment invest-
U.
A,383
Total securities issued or guaranteed by U. S. Government ^..
317,05b
Footnotes at end of Table 4.
Table 2.- Summary of Interest-Bearing Public Marketable Securities
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
State and local
governments tj
Insurance companies
Total
amount
outstanding
Classification
478 fire,
488
savings 469
casualty,
and
marine
and loar corpo- 316
associa- rations general
tions
funds
501
5,968
commercial
banks
mutual
savings
banks
2/y
2/
296
life
U. S. Government invest191
accounts
pension ment
and Federal
and reReserve Banks
tirement
funds
By type of security;
Issued by 0. S. Government:
Treasury
Treasury
Treasury
Guaranteed
bills
notes
bonds
by U. S. Government 2/.
Total
53,662
52,549
102,452
470
6,340
12,717
28,631
39
555
lU
464
4,479
56
209,134
47,727
5,597
4,592
4,335
99,783
51,374
33,053
4,191
3,040
17,222
470
17,329
18,381
11,005
124
142
707
39
1,300
995
1,710
112
172
1,209
473
285
502
348
550
2,353
1,220
1,303
1,293
209,134
47,727
5,597
UO
766
1,360
1,817
4,341
275
539
3,515
6_
98_
286
247
3,019
5,767
17
8,810
26,363
16,216
115
10,671
6,233
51,503
633
259
756
82
6,447
1,620
1,01b
434
286
868
718
30b
3,545
4,832
2,102
1,363
5,196
1,587
3,887
3,608
8,297
660
885
1,315
101
130
461
6,524
1,494
194
55
43fa
12
By maturity distribution;
Call classes (due or first
becoming callable)
Within
1
year
to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over
1
Guaranteed securities 2/
Total
Maturity classes (final
maturity):
Within 1 year
1 to 5 years
5 to 10 years
10 to 15 years
1 5 to 20 years
20 years and over
Guaranteed securities 2/
Total
Footnotes at end of Table 4.
,
87,635
56,192
39,166
2,608
5,840
17,222
470
209,134
13,
20,603
12,917
89
232
707
39
47,727
17
30,884
10,684
4,563
916
887
3,454
115
4,592
4,335
3,608
8,297
10,671
6,233
51,503
U7
535
1,603
1,652
5,986
1,924
254
1
6,199
1,587
1,228
210
U7
124
358
416
938
1,492
66
179
461
28,330
12,423
4,982
726
1,473
3,454
6
55
98_
83
263
1,209
98_
5,597
339
736
177
759
2,353
4.592
86
70
358
6_
57
4.335
2
1
55
3,608
*
279
737
347
861
3,545
17
10,671
6,233
50
577
82
868
8,297
U5
51,503
Treasury Bulletin
68
TBEAStJEI
SmrEI OF CWNEESHIP,
JULY 31, 1965.
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)
September 1965
69
TEEASUEI SUHTEY OF CWNERSHIP, JULY 31, 1965.
Section I - Securities Issued or Guaranteed by the United
States Government
Table 3.. Interest-Bearing Public Marketable Securities by
Issues -
(Continued!
(Par values - in millions of dollars)
Treasury Bulletin
70
TREASURY SURVEY OF CWNERSHIP, JULY 31, 1965.
Section II
Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
1
I
i
September 1963
Treasury Bulletin
72
MARKET QUOTATIONS ON TREASURY SECURITIES, AUGUST 31, 1965.
Table 3.- Treasury Bonds
(Price decimals are 32nds)
September 1965
73
MARKET QUOTATIONS ON TREASDRY SECURITIES, AUGUST
31, 1965
s
..
.
.
s
s
s
s
Treasury Bulletin
74
AVERAGE YIELDS OF LONG-TERM BONDS,
Table 1.- Average Yields of Treasury and Corporate Bonds by Periods
I,
s Aa
corporate
bonds
Moody'
Treasury
bonds 1/
Period
Percent per annum)
Treasury
bonds 1/
Period
s Aa
corporate
bonds
Moody'
Treasury
bonds 1/
Moody s Aaa
corporate
bonds
'
Annual series - calendar year averages of monthly series
2.46
2.47
2.48
2.37
2.19
2.25
2.44
2.31
1942,
1943.
19U.
1945.
1946.
1947.
1943.
1949.
2.83
2.73
2.72
2.62
2.53
2.61
2.82
2.66
3.43
4.08
4.02
3.90
3.95
4.00
4.15
1958
1959
I960
1961
1962
1963
1964
2.62
2.86
2.96
3.20
2.90
3.06
3.36
3.89
2.32
2.57
2.68
2.94
2.55
2.84
3.08
3.47
1950,
1951.
1952.
1953.
1954.
1955.
1956.
1957.
3.79
4.38
4.41
4.35
4.33
4.26
4.40
Monthly series - averages of daily series
Moody
Aaa
corporate
bonds
Moody
Aaa
corporate
bonds
Treasury
bonds 1/
Period
Treasury
bonds 1/
Treasury
bonds 1/
Moody'
Moody' 3
Aaa
corporate
bonds
Treasury
bonds 1/
Treasury
bonds 1/
January . .
February.
March
April
May
June
2.69
2.62
2.53
2.48
2.54
2.55 i/
3.06
2.95
2.86
2.85
2.88
2.90
2.88
2.85
2.93 3/
3.07
2.97
2.93
3.11
3.08
3.10
3.24
3.28
3.27
3.24 2/
3.28
3.25
3.12
3.14
3.20 2/
3.60
3.59
3.63
3.60
3.57
3.57
4.37
4.22
4.08
4.13 2/
4.16
3.93
4.61
4.56
4.49
4.45
4.46
4.45
4.08
4.09
4.01
July
August
September.
October.
November.
2.89
2.87
2.89
2.87
2.89
2.90
3.00
3.17
3.21
3.20
3.30
3.40
3.28
3.43
3.56
3.36
3.60
3.75
3.76
3.67
3.85
4.09
4.11
4.09
December.
2.47
2.48
2.52
2.54
2.57
2.59 2/
3.86
3.79
3.84 2/
3.91
3.93
3.88
4.41
4.28
4.25
4.30
4.31
4.35
January.
February.
March
April
May
June
1
1955
2.63 2/"
2.78
2.78
2.32
2.81
2.82
July
August, . .
September.
October. .
November.
December.
2.91
2.95
2.92
2.37
2.89
2.91
.
.
y
3.70
3.80
4.08
1957
2.93
2.99
3.02
3.01
3.04
3.05
3.34
3.22
3.26
3.32
3.06
3.11
3.13
3.10
3.60
3.63
3.66 2/ 2/
3.73
3. 57 2/
3.30 2/
3.40
3.58 2/
3.10
3.15
Treasury
bonds 1/
Period
3.59
3.69
3.75
Moody's Aaa
corporate
bonds
1959
1964
3.89
3.88
3.90
4.15
4.14
4.18
4.20
4.16
4.13
4.37
4.36
4.38
4.40
4.41
4.41
4.02 2/
3.98
3.94
3.89
3.87
3.87
4.34
4.35
4.32
4.28
4.25
4.24
4.13
4.14
4.16
4.16
4.12 2/
4.14
4.40
4.41
4.42
4.42
4.43
1961
4.12
4.14
4.13
4.23
4.37
4.46
3.89
3.81
3.78
3.80
3.73
3.88
4.32
4.27
4.22
4.25
4.27
4.33
3.89 2/
3.92
3.93
3.97 2/
3.97
4.00
4.21
4.19
4.19
4.21
4.22
4.23
3.90
4.10
4 11
4 10
4 26
4 11
4 12
4.47
4.43
4.52
4.57
4.56
4.58
3.90
4.00
4.41
4.45
4.45
4.42
4.39
4.42
4.01
3.99
4.04
4.07
4.11
4.14
4.26
4.29
4.31
4.32
4.33
4.35
4.27
Treasury
bonds 1/
Period
4.02
3.93
3.98
4.06
Moody s Aa
corporate
bonds
4.14
4.16
4.15
4.15
4.14 3/
4.43
4.41
4.42
4.43
4.44
4.U
4.46
4.15
4.19
4.48
4.49
'
Treasury
bonds 1/
Period
4.44.
1965
1963
3.91 2/
3.92
3.92
4.01
4.08
4.09
y
Treasury
bonds 1/
4.42
4.42
4.39
4.33
4.28
4.28
3.77
3.67
3.66
3.67
3.74
3.91
4.12
4.10
4.08
3.81
Moody
Aaa
corporate
bonds
'
Aaa
corporate
bonds
1962
1960
1958
1956
1954
Moody
Aaa
corporate
bonds
'
'
'
Moody s Aaa
corporate
'
bonds
Weekly series - averages of daily series for ueeks ending
1965-March
April
1965-May
5
.-.li
12
19
26
4.16
4.14
4.14
4.41
4.41
4.42
4.42
7
4.14
4.14
4.14
4.15
4.15
4.42
4.42
4.43
4.43
4.43
June
4.4.3
1965-August 12
4.16
4.16
4.17
4.17
4.47
4.47
4.47
4.47
13
4.18
4.18
4.48
4.49
4.17
4.17
4.18
.47
16
17
18
19
20
4.19
4.19
4.20
4.20
4.20
4.49
4.49
4.50
4.50
4.50
9
16
23
3"
14
21
28
4
11
18
25
4.14
4.15
4.14 2/
4.14
4.43
4.45
4.43
4.44
4.15
4.15
.45
.46
4.H
.47
4.13
.47
1965-July
30
4.14
4.14
4.15
4.14
4.15
4.46
4.47
4.43
4.43
4.48
August
6
13
20
27
4.16
4.18
4.20
4.21
4.47
4.48
4.50
4.51
1965-August
23
24
25
26
4.20
2
9
16
23
Daily series unweighted averages
1965-August
2
3
4
5
6
9
10
11
,48
.49
27
30
31
s
September 1965
75
AVERAGE HELDS OF LONG-TERM BONDS
'
-
="'
I
(0
:5>
I
..
.
.
Treasury Bulletin
76
MONETARY STATISTICS
Table 1.- Money In Circulation
I,
In millions of dollars except per capita figures)
Paper money 2/
Total
End of fiscal
year or month
money in
circulation 1/
Total
paper
money
Gold
certificates 3/
92
319
321
302
27,353
28,622
30,292
32,356
34,823
78
73
68
54
53
37
36
22
1,877
321
32,331
76
37
19
19
19
19
13
13
1,659
1,625
1,573
1,460
1,357
1,232
319
321
320
317
297
299
32,506
32,690
32,860
36
36
36
34,128
34,577
73
73
72
72
71
70
35,104
35,124
35,296
35,193
35,599
36,058
13
13
13
13
13
13
1,121
1,057
988
922
877
829
289
296
299
299
303
302
33,588
33,666
33,904
33,868
34,315
34,823
70
70
69
69
69
68
22
22
22
22
22
22
36,208
13
786
299
35,020 6/
68
29,943
31,117
32,592
34,529
36,058
30
29
20
19
13
2,094
2,009
1,847
1,723
829
1963-December.
37,692
34,662
20
1964- July
August.
September
October,
November
December.
37,835
33,014
38,166
38,373
39,248
39,619
34,612
34,765
34,881
35,051
35,889
36,214
1965-January
February.
March.
April.
May
J\ine
38,540
38,593
38,816
38,760
39,207
39,720
July
39,897 4/
.
.
.
National
bank
notes
318
318
32,405
33,770
35,470
37,734
39,720
. .
Bank
notes
62
32,065
.
Federal
Reserve
133
120
110
100
2,162
1961
1962
1963
1964
19&5
Federal
Reserve
notes
26,329
26,342
27,029
27,094
33
32
31
30
31,082
31,172
31,914
1890
United
States
notes
321
317
316
318
29,040
29,071
29,699
29,726
1957
1958
1959
1960
Treasury
notes of
Silver
certificates
2,200
2,155
2,127
5y'
33,
U7
85
59
57
56
36
23
23
September 1965
77
MONETARY STATISTICS
Table 2.- Monetary Stocks of Gold and Sll ver
(
Dollar amounts in millions)
Gold
($35 per
fine ounce)
End of fiscal
year or month
1957
1958
1959
I960
1961
1962
1963
196A
1965
Silver
($1.29+ per
fine ounce)
22,622.9
21,356.2
19,70i.& 1/
19,322.2
17,550.2
16,435.2
15,733.3
15,461.4
13,934.1
,
4,116.6
4,306.0
4,414.1
4,394.5
4,346.5
41,317.4
4,315.2
4,220.7
3,999.0
Ratio of silver to
gold and silver in
monetary stocks
( in
percent)
15.4
16.8
18.3
18.5
19.9
20.8
21.5
21.4
22.3
1963 -December.
15,513.0
4,265.7
21.6
1964-July
August. .
September,
October.
November.
December.
15,461.9
15,460.4
15,463.1
15,461.5
15,385.8
15,387.7
4,214.1
4,207.3
4,179.2
4,121.7
4,090.1
4,067.6
21.4
21.4
21.3
21.1
21.0
20.9
1965-January.
February.
March. .
April. . .
May
June
15,185.4
14,936.9
14,563.5
14,410.4
14,290.3
13,934.1 2/
4,053.1
4,041.8
4,032.4
4,016.2
4,006.5
3,999.0
21.1
21.3
21.7
21.8
21.9
22.3
13,857.4
3,998.5
22.4
.
.
July
Source:
Circulation Statement of United States Money,
silver monetary stock see Table 4.
For detail of
1/
2/
See Table 3, footnote 3.
See Table 3, footnote 4.
Table 3.- Gold Assets and Liabilities of the Treasury
(
In millions of dollars)
End of calendar year or month
Gold assets l/
Liabilities:
Gold certificates,
etc.
Balance of gold in
Treasurer's account
2/
508.1
1957
1958
1959
I960
1961
1962
1963
1964
22,781.0
20,534.3
19,455.9 1/
17,766.6
16,889.0
15,978.1
15,513.0
15,387.7
22,272.9
20,138.2
19,350.5
17,665.6
16,771.2
15,852.1
15,392.9
15,231.0
396.1
105.4
101.0
117.8
126.0
120.1
156.7
1964-July
August. . .
September.
October.
November.
December.
15,461.9
15,460.4
15,463.1
15,461.5
15,385.8
15,387.7
15,344.3
15,347.9
15,345.8
15,340.9
15,247.4
15,231.0
117.6
112.5
117.2
120.6
138.4
156.7
1965-January. .
February.
March. ...
April. ...
May
June
15,185.4
14,936.9
14,563.5
14,410.4
14,290.3
13,934.1
15,061.9
14,816.5
14,300.1
14,179.0
13,826.3
123.5
120.3
114.9
110.3
111.3
107.8
July
13,857.4
13,747.0
110.4
.
Circulation Statement of United States Money.
Source:
Stabilization
1/ Treasury gold stock; does not include gold in Exchange
See "International Financial Statistics," Table 1.
Fund.
Federal
2/ Conprlses (1) gold certificates held by the public and in
Reserve Banks; (2) gold certificates credits in (a) the gold
and
System,
certificate fund - Board of Governors, Federal Reserve
reserve
(b) the redemption fund - Federal Reserve notes; and (3)
of $156.0 million against United States notes and through June 30,
1961, Treasury notes of 1890.
3/
^//
U,U8.6
V
million increase in its
The United States payment of the $343.8
Monetary Fund, authorized
gold subscription to the International
U.S.C. 286e) was made on
by the act approved June 17, 1959 (22
in its gold
Fund, authorized by
subscription to the International Monetary
Stat. 119) was made on June 30,
p!l. 89-31, approved June 2, 1965, (79
'Z^ll'teV^'stes payment of the $258.8 million increase
1965.
.
.,
Treasury Bulletin
78
MONETARY STATISTICS.
Table 4.- Components of Silver Monetary Stock
{In millions of dollars)
Silver held in Treasury
End of calendar
year or month
Securing silver certificates 1/
Subsidiary
92.3
148.3
127.4
88.2
269.3
285.4
305.5
326.5
1,402.6
1,446.2
1,513.4
1,576.0
4,185.4
4,362.5
4,382.7
3.6
3.4
3.7
4.7
24.2
29.7
18.0
11.8
357.3
392.5
456.3
481.8
1,650.5
1,756.0
1,887.2
2,161.2
4,308.6
4,318.2
4,265.7
4,067.6
5.8
7.4
11.3
19.0
19.2
18.9
18.6
15.4
11.8
481.8
481.8
481.8
481.8
481.8
481.8
2,008.5
2,032.6
2,056.4
2,088.3
2,121.1
2,161.2
4,214.1
4,207.3
4,179.2
4,121.7
4,090.1
4,067.6
11.9
7.2
7.4
14.8
2.1
14.4
15.0
31.4
14.2
27.5
18.8
481.8
481.8
481.8
481.7
481.7
481.7
2,192.4
2,221.1
2,260.6
2,297.9
2,331.8
2,373.3
4,053.1
4,041.8
4,032.4
4,016.2
4,006.5
3,999.0
9.3
21.6
481.7
2,397.7
3,998.5
Subsidiary
coin j/
2,212.9
2,245.0
2,251.4
2,252.1
219.0
202.7
182.3
161.2
8.2
14.9
3.2
2.6
2,237.5
2,139.1
1,981.5
1,538.8
130.1
94.0
28.5
3.0
1,819.1
1,788.0
1,734.4
1,648.9
1,591.3
1,538.8
2.9
2.9
2.9
2.9
3.0
3.0
1965-January
February.
March
April
May
June
1,488.1
1,447.2
1,388.6
1,354.6
1,293.0
1,267.4
3.0
3.0
3.0
3.0
3.0
3.0
July
1,234.6
3.0
1957
1958
1959
I960
,
1961
1962
1963
196i
196A-July
August.
,
. .
September,
October. .
November.
December.
.
.
Source:
Circulation Statement of United State? Money; Office of the
Treasurer of the United States.
1/ Valued at $1.29+ per fine ounce.
2/ Includes silver held by certain agencies of the Federal Government
Total
silver
at $1.29+
per fine
ounce
Silver
dollars 1/
Silver
dollars
Silver
bullion 2/
Silver outside
Treasury
In Treasurer's account
Silver
bullion
9.6
9.0
4.7
9.4
3/
^/
Ji/
coin
3/'
4,'375.6
Valued at $1.38+ per fine ounce.
Includes bullion at cost, bullion valued at $1.29+ per fine ounce
held for coinege, ani bullion valued at $1.38+ per fine ounce held
for recoinage of subsidiaiy silver coins.
September 1965
79
.INTERNATIONAL FINANCIAL STATISTICS,
Table 1.- U. S. Gold Stock, and Holdings of Convertible Foreign
Currencies by U. S. Monetary Authorities
(In millions of dollars)
Gold stock 1/
Total gold stock
and foreign currency
holdings
End of calendar
year or month
Treasury
22,091
21,793
21,753
22,058
22,857
20,582
19,507
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
Foreign
currency
holdings 2/
Total 2/
17,063
16,156
15,808
15,903
22,030
21,713
21,690
21,949
22,781
20,534
19,456
17,767
16,889
15,973
15,513
15,388
22,091
21,793
21,753
22,058
22,857
20,582
19,507
17,804
16,947
16,057
15,596
15,471
1964-August
September.
October.
November
December.
15,890
15,870
15,702
16,324
15,903
15,460
15,463
15,461
15,386
15,388
15,657
15,643
15,606
15,566
15,471
233
227
1965-January.
February
March.
April
May
June
15,572
15,220
15,129
14,884
14,511
14,595
15,185
15,208
U,937
U,563
U,993
14,410
14,290
13,934
U,480
364
227
490
404
14,362
U9
U,049
546
14,697
14,952
13,857
13,857
13,969
13,915
728
1,037
17,804.
.
.
.
.
.
.
.
July
August p..
The United States also has a gold tranche position in the International Monetary Fund, amounting to $639.4 million as of August 31 1965.
In accordance with Fund policies the United States has the right to
draw foreign currencies equivalent to this amount from the Fund virtually automatically if needed. Under appropriate circumstances, the
United States could draw additional amounts equal to the United States
quota of $4,125 million.
In addition, the United States has a $258.8
million gold claim on the Fund arising from a gold subscription to the
Fund in June 1965, for a U.S. quota increase which has not yet become
effective.
Includes gold sold to the United States by the International Monetary
96
758
432
14,639
Fund with the right of repurchase, the proceeds of which are invested
by the Fund in U.S. Government securities; as of August 31, 1965,
this amounted to $800 million. Of this amount, the United States purchased $200 million in 1956, $300 million in 1959, and $300 million in
Note:
1/
116
99
212
432
1960.
2/
2/
p
Includes gold in Exchange Stabilization Fund, which is not included in
Treasury gold figures shown in "Circulation Statement of United States
Money." See "Monetary Statistics," Table 3.
Includes holdings of Treasury and Federal Reserve System.
Preliminary.
Table 2.- U. S. Treasury Nonmarketable Notes and Bonds
Issued to Official Institutions of Foreign Countries
Amount outstanding
End of calendar
year or month
Payable in dollars
Payable in foreign currencies
Total
Austria
Belgium
Germany
Italy
Switzerland
Total
Canada
(Dollar equivalent, in millions)
1962
1963
1964
251
730
1,086
50
50
30
30
275
679
1964-Augu3t...
September
October.
November.
December.
1,005
1,005
1,086
1,086
1,086
50
50
50
50
50
30
30
30
30
30
1965-January.
February
March. .
April. .
May
June
1,086
1,112
1,137
1,137
1,137
1,137
50
75
101
101
101
101
1,259
1,259
101
101
.
.
July
August.
51
163
175
327 1/
354
628
628
679
679
679
297
297
327
327
327
i/
1/
152
354
354
354
354
30
30
30
30
30
30
679
679
679
679
679
679
327
327
327
327
327
327
1/
1/
1/
1/
1/
1/
354
354
354
354
354
354
30
30
653
653
350
350
y
y
354
354
For complete information on U. S. Treasury securities (nonmarketable)
issued to official institutions of foreign countries, see "Public Debt
Operations," Tables 8 and 9.
Includes the equivalent of $70 million payable in Swiss francs to the
Bank for International Settlements.
Note:
V
.
200
200
125
125
1/
1/
1/
125
Treasury Bulletin
80
.INTERNATIONAL FINANCIAL STATISTICS.
Table 3.- U. S. Net Monetary Gold Transactions
with Foreign Countries and International and Regional Organizations
(Tr.
millions of dollars at $35 per fine troy ounce; negative figures represent net sales by the United States; positive figures, net purchases)
September 1965
81
.
Table 4.
lOTERNATIONAL FINANCIAL STATISTICS.
Estimated Gold Reserves and Dollar Holdings of Foreign
Countries
and International Institutions 1/
(Position at end of period in millions of dollars)
1963
1964
December
Area and country
Gold and
shortterm
dollars
June
U.S. Gov-
ernment
bonds
and notes
Gold and
shortterm
dollars
U.S. Gov-
Gold and
ernment
shortbonds
term
and notes dollars
Western Eiirope;
Austria.
901
1,791
Belgium
Denmark
Finland
France
Germany, Fed. Republic of
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other 2/
,
14
4,653
6,88i
265
6
3,U6
1
1,961
\kU
688
4
131
369
328
46
289
167
5,003
6,616
227
3,039
1,824
188
698
839
615
3,737
129
4,153
514
,
30,433
Canada
741
30,772
3,805
687
Latin American Republics:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama, Republic of
Peru
Uruguay
Venezuela
Other
3,674
,
Total Latin American Republics.
Asia:
India
Indonesia
1
1
778
2
591
129
75
3,726
136
3,967
Total Western Europe
902
1,832
253
160
453
329
186
231
12
808
129
215
284
992
424
4,063
-It
14
1
7
1
1
5
131
«
2
130
77
«
402
48
686
424
294
227
238
11
2
10
14
298
817
105
271
276
,057
487
4,207
311
77
2,757
230
529
83
Japan
Philippines
Thailand
Other
2,773
237
436
1,687
41
1,943
42
Total Asia
5,564
47
5,847
48
Africa
South Africa
United Arab Republic (Egypt)...
Other Africa
:
Total Africa
Other countries
Australia
Other 3/
671
188
296
645
196
287
1,155
1,128
:
388
313
26
384
350
Total other countries
26
734
Total foreign countries
1,524
46,362
International and regional ij ,
Grand total
.
.
1,218
7,294
2,742
53,656
Treasury Bulletin
82
.INTERNATIONAL FINANCIAL STATISTICS.
Table 5.- Liabilities to Foreign Official Institutions and International
and Regional Organizations 1/
September 1965
83
CAPITAL MOVMENTS
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935,
pursuant to Executive Order 656O of January 15
,
1934
i
Execu-
tive Order 10033 of February 8, 194.9, and Treasury regulations
promulgated thereunder.
Information on the principal types of
data and the principal countries is reported monthly, and is
published monthly in the "Treasury Bulletin."
information is published less frequently.
Supplementary
Reports by banks,
,
"Short-term" refers to obligations payable on
demand
or having an original maturity of one year
or less, without
deduction of any offsets. "Long-term" refers to
obligations
having an original maturity of more than one year,
and
in-
cludes securities having no contractual maturity.
Exclusions
The data published herein do not cover all types
of
capital movanents between the United States and foreign
coxmtries.
The data reported to and published ty the Treasury
bankers, securities brokers and dealers, and nonfinancial
Department exclude entirely the intercompany capital trans-
business concerns in the United States are made initially to
actions of business enterprises in the United States with
the Federal Reserve Banks, which forward consolidated figures
their own branches and subsidiaries abroad or with their for-
to the Treasury.
These statistics are consolidated by the
Treasury and published as promptly as possible.
The reporting forms and instructions used in the collec-
eign parent companies; such transactions are reported by
business firms to the Department of Commerce.
Data on the
capital transactions of the United States Government and on
tion of the statistics have been revised a number of times.
shipments and receipts of United States currency are also
The most recent revision became effective with reports covering
excluded from the Treasury reports.
data as of May 31, 1963.1/
A
detailed description of the
Certain capital trans-
actions not effected through reporting institutions, such as
content of the statistics, including the changes instituted,
securities transactions carried out entirely abroad, are not
appeared in the July 1963 issue of the "Treasury Bulletin,"
recorded in the Treasury reports
pages 79-81.
As a result of changes in presentation intro-
.
Consolidated data on all
types of capital transactions are published by the Department
duced in that issue, not all breakdowns previously published
of Commerce in its regular reports on the United States
will be exactly comparable to those now presented.
balance of payments
Basic definitions
The liabilities data exclude nonnegotiable, noninterest-
The term "foreigner" as used in the Treasury reports
bearing special notes of the United States held hy the Inter-
covers all institutions and individuals domiciled outside
American Development Bank and the International Development
the United States, including United States citizens domiciled
Association.
abroad and the foreign subsidiaries and offices of United
The data on securities transactions and on foreign
States banks and business concerns; the central governments,
holdings of U.S. Government bonds and notes exclude non-
central banks, and other official institutions of foreign
marketable U.S. Treasury notes, foreign series, and non-
countries, wherever located; and international and regional
marketable U.S. Treasury bonds, foreign currency series
organizations, wherever located.
(see "International Financial Statistics" section. Table
In general, data are reported opposite the foreign
country or geographical area in which the foreigner is domiciled.
Data pertaining to branches or agencies of foreign
2).
Presentation of statistics
Data collected monthly on the Treasuiy Foreign Exchange
official institutions are reported opposite the country to
Forms are published in the "Treasury Bulletin" in three
which the official institution belongs. Data pertaining to
sections.
international and regional organizations are reported opposite
by period; Section II presents data
the classification "International," "European regional," or
and Section III shows detailed breakdowns of the latest avail-
"Latin American regional," as appropriate, except for the
able preliminary data.
Bank for International Settlements and the European Fund,
which are included in the classification "Other Western
Europe
."
Section
I
provides a summary of the principal data
\3y
country and by period;
Section IV presents supplementary data which are reported
less frequently than monthly.
Beginning with the April 1965
issue, these tablas are published each month.
Operations and Statistics, Office of
1/ Copies of the reporting forms and instructions may be obtained from the Office of Balance of Payments Programs
Reserve Banks.
the Assistant Secretary for International Affairs, Treasury Department, Washington, D.C. 20220 or from Federal
,
Treasury Bulletin
84
CAPITAL MOVMENTS
Section I - Summary by Periods
Table 1.- Net Movements of Banking Funds and Transactions In Long-Term Securities with Foreigners!/
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
p
September 1965
85
CAPITAL MOVaiENTS.
Section I - Summary by Perlode
Table 2.- Banking Liabilities to and Claims on Foreigners!/
(Position at end of period in millions of dollars)
Short-term liabilities to foreigners
End of calendar
year or month
Total
shortterm
liabilities
Payable
Foreign coxintries
Official
institutions
4,179.0
3,043.7
1,831.9
2,836.3
2,907.7
3,615.5
3,547.6
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4 4/
7,916.6 4/
8,664.9
9,154.3
10,212.3
10.893.2
10,893.3
11,915.3
12,436.9
1963....
6,883.1
6,i80.3
7,116.4
7,713.0
7,618.0
8,644.8
9,302.2
10,546.1
11,648.4
12,918.6
13,600.7
14,939.1
15,158.3
16,159.1
19,388.7
21,271.6
22.450.3
22,532.6
25,018.6
25,967.1
1964 8/ 2/.
28,842.7 J/13,224.3
1964-Jiily
26,893.6
27,276.7
27,406.4
28,045.6
28,985.4
1945.
1946.
1947.
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
I960.
1961.
1961 5/.
1962....
August
September.
October
November. ...
.
December
1965- January.
February.
March. .
April ,
.
.
.
May
June p.
July p
.
I
V
6/
2/
.
.
12,090.8
12,281.8
12,321.2
12,300.3
12,723.0
^10/ 28,842.7^13,224.3
28,777.0
28, 915. Or
28,288.4r
27,841.3r
27,419.7
27,733.5
27,778.8
Short-term claims on foreigners
Payable in dollars
12,588.4
12,684.6
12,296.8
11 ,970. Or
11,958.7
12,197.6
11,749.8
Foreign
banks
Other
foreigners
International
and
regional
in
foreign
currencies
Total
longterm
liabilities
2/
2,064.0
2,528.2
2,569.8
2,529.3
2,530.4
2,943.1
3,362.9 4/
3,413.0 4/
3,460.5
4,601.1
4,704.8
5.299.5
5,380.4
5,251.0
5,713.0
2,678.5
2,922.2
2,972.8
2,947.1
3,001.5
1,392.5
1,513.0
1,675.8
1,779.1
1,805.1
1,783.5
2,029.8
2,252.3
2,430.4
2,398.1
2,229.6
2.355.5
2,356.9
2,564.4
3,046.2
7,178.7^
3,376.3 J/4,973.5
89.9 J/ 306.2
6,637.8
6,792.8
6,652.7
7,322.1
7,788.4
3,131.7
3,160.5
3,235.8
3,249.3
3,301.1
4,910.2
4,917.3
5,064.9
5,061.4
5,051.4
175.3
173."
124.2
131.7 6/ 170.7
112.5
163.5
121.4
298.3
7,178.7 8/
3,376.38/4,973.5
89.9 8/ 306.2
7,723.6
7,744.6r
7,364.4r
7,224.4r
7,068.0
7,118.4
7,303.2
3,382.1
3,430.0
3,481.9
3,476.9
2/
K
2/
2/
3,U0.1
3,468.4
3,483.3
473.7
2,262.0
1,864.3
1,657.8
1,527.8
1,641.1
1,584.9
1,629.4
1,769.9
1,881.1
1,452.1
1,517.3
1,5U.O
3,158.1
4,011.8
3.751.7
3,751.7
5,144.5
4,637.1
4,985.9
4,982.5
5,081.7
5,085.7
4,862.8
4,847.7
5,145.5
For exclusions see headnote on page 83.
Included with "Other foreigners."
Included with "Other claims."
Beginning in August 1956 and also in April 1957, certain accounts previously classified as "Foreign banks" are included with "Official
institutions."
Differs from 1961 end-year data on the preceding line by Inclusion of
liabilities and claims reported by a number of banks included in the
series beginning December 31, 1961.
Includes reported liabilities to foreign official institutions beginning October 1961. Figures for selected dates are as follows:
end 1961, $46.3 million; end 1962, $47.9 million; end 1963, $30.1
million; September 1964, $30.1 million.
Includes claims previously held but first reported as of May 31, 1963;
as of that date such claims amounted to $85.6 million. Also Includes
25.5
40.6
49.7
70.4
51.0
.9
1.4
4.6
1.0
.7
U.9
1.0
1.2
2.3
1.8
2.7
2.8
1.2
9.9
1.6
72.2
61.4
43.7
43.2
40.3
48.8
59.0
59.4
77.2
:8
113.1
150^4 6/
150.4 6/
143.4 6/
134.1 6/
7.5
2.2
2.2
7.3
69.4
123.1
97.0
73.3
63.6
84.2
90.0
101.4
97.0
309.5
492.9
457.9
U1.3
440.9
501.0
442.3
&/
2/
10/
Payable in dollars
Total
shortterm
claims
Payable
Loans to
Official
institutions
392.
708.
948.
1,018.
827.
898.
968.
1,048.
904.
1,386.
1,548
1,945
2,199
2,542
2,624
3,614
73.
86
87
85
243
160
176
241
4.762
4,820.
5,163.
5,974.
7,469
.•ft-y
400
350
290
328.5
328.5
358.9
186.0
223.3
220.8
167.9
6,726.8
150.7
6,774.8
6,805.7
159.1
163.7
6,912.3
165.2
6,964.5
223.3
7,469.3
7,860.7rlg/220.8
7,651.1r
7,767.4r
7, 834. Or
7,698.7r
7,674.7
7,653.5
7,473.5
221. 4r
249. 8r
242.9r
207. 9r
212.9
231.4
241.4
in
Foreign
banks
Other
foreigners
Other
claims
100.3
319.6
292.9
361.2
222.7
2/
2/
2/
2/
2/
245.0
290.5
490.6
151.1
557.1
494.3
328.7
503.4
627.9
451.5
104.2
177.2
109.8
122.9
131.7
156.5
109.8
206.5
142.0
328.1
235.6
405.4
330.4
385.5
303.0
427.5
439.4
460.
497.6
482.1
524.3
617.6
699.4
522^
709.2
641.8
952.6
773.9
954.9
1,373.6 1,054.6
1,402.5 1,148.3r
2,531.1
2,573.9
2,652.9
3,429.4
4,158.
4,468. 3r
1,151.9
913.4
1,175.8
937.9
1,206.9
943.6
1,250.7
963.6
980.4
1,316.3
1,373.6 1,054.6
1,402.5 1,148.3r
3,805.4
3,818.8
3,822.0
3,864.1
3,841.0
4,158.
4,468.3r
584.1
660.0
883.8
1,121.6
1,076.7
1,098.2
1,837.8
1,427.2 1,139.1r 4,242.9r
1,490.9 1,206.5r 4,171.1r
l,205.9r 4,289.8r
504.
1
1,493.3 l,207.1r 4,249.9r
1,462.1 1,143.1 4,291.7
1,474.6 1,145.3 4,249.3
1,422.0 1,139.6 4,150.8
,
foreign
currencies
47.5
98.1
165.4
100.4
110.8
240.6
91.8
78.4
101.6
211.0
163.9
Total
longterm
claims
175.6
140.7
227.5
187.7
216.7
390.4
403.9
440.5
324.9
U0.9
630.8
659.0
620. 6r
670.9
839.4
1,173.8
1,362.1
1,545.1
1,698.4
2.033.8
2,033.8
2,160.4
3,029.8 7/
3,971.4
4,269.7r2/
688.2
691.6
674.1
670.2
661.5
659.0
620. 6r
3,413.7
3,480.1
3,589.5
3,692.8
3,853.4
3,971.4
4, 269. 7r 10/
620.5
649.0
4,498. 1r
U9.6
147.
197.7
217.2
479.6
585.6
"5853"
557.1
591.0
540.6
564.8
552.9
519.7
4,720.2r
4,731.9r
4,666.2r
4,604.7
4,532.0
4,517.6
claims amounting to $193.2 million reported by banks for the first
time as of December 31, 1963, representing in part claims previously
held by banks but not reported.
Short-term liabilities include a net increase of $20.1 million arising
from changes in reporting coverage, distributed as follows: "Foreign
"Payable
banks" +$25.6 million, "Other foreigners" +$22.5 million, and
in foreign currencies" -$27.9 million.
See footnote 10.
because
Data on claims below the line differ from claims above the line
of short-term
of the exclusion as of December 31, 1964 of $58.1 million
because of the adU. S. Government claims previously included; and
of
dition of $449.4 million of short-term claims and $298.3 million
previously held
claims
of
long-term claims arising from the inclusion
of
but first reported as of December 31, 1964, and from revisions
Revised.
r
Preliminary.
p
preliminary figures.
5
1
Treasury Bulletin V
86
CAPITAL MOVEMENTS
Section I - Summary by Periods
Table 3.- I^urchaees and Sales of Long-Term Domestic Securities by Foreigners!/
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
U.S.
Corporate and other
Govemment bonds and notes 2/
Calendar year or month
Foreign countries
Official
1946
19i7
1948
19i9
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965- January- July p.
196i-July
August
September
October
November
December
1965-January
February
March
April
May
June p
July p
414.5
344.8
282.4
430.0
1,236.4
673.6
533.7
646.0
800.9
1,341.1
883.4
684.2
283.3
330.3
333.6
294.3
1,356.6
231.4
728.0
792.7
666.1
1,223.9
1,216.9
1,729.6
1,743.7
1,779.9
1,867.1
1,149.4
682.4
718.3
1,187.6
528.0
1,603.0
1,231.5
2,507.9
1,196.2
1,487.1
674.1
508.5
19.7
525.0
117.4
16.4.
97.?
23.2
31.8
92.8
107.0
99.5
21.3
77.2
168.1
181.8
27.6
68.8
90.3
173.0
106.9
38.0
12.5
168.8
167.5
7.4
812.1
1,018.3
53.3
-269.7
-13.0
-55.4
9.4
824.2
-663.7
292.7
-96.7
-60.0
561.7
-204.9
117.0
-236.7
523.9
-97.9
-20.0
-206.6
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
-728.0
670.9
-337.7
8.3
-16.5
-97.8
-80.8
-30.2
-37.0
2.5
-66.0
-7.4
-16.7
64.7
-.7
14.3
20.2
Other
369.1
36.0
111.5
-23.2
-40.0
6.3
3.2
2.9
4.2
3.1
2.1
16.9
-1.4
-16.9
64.7
14.1
14.1
20.0
-13.4
-40.2
.1
-15.3
31.8
-15.1
For exclusions see headnote on page 83.
Through 1949, includes transactions in corporate bonds.
1/
2/
International
and
regional
Purchases
2/
-58.7
1.4
Stocks
Bonds 3/
Net purchases
74.5
7.5
87.0
117.9
-19.3
9.6
14.7
68.3
-32.7
70.0
-169.1
273.0
164.9
224.5
532.2
-521.4
301.8
-315.2
-lOi.4
.4
-61.0
-83.7
-21.0
.1
.3
-67.6
-37.8
.2
«
.3
.2
.2
2/
y
y
y
107
120
200
212
289
324
287
310
3^1
368.8
4i2.4
316.9
307.7
255.7
460.7
322.5
33.9
66.3
36.3
37.0
50.6
43.3
13.6
12. 6r
72.0
68.8
68.4
48.3
38.8
Sales
Net
purchases
y
y
y
y
108.3
y
y
y
y
-.6
141.6
188.5
197.4
283.6
296.0
251.8
258.9
34^.0
296.2
392.3
416.
359.0
246.4
284.4
423.4
-21.6
11.7
15.3
28.3
18.7
27.2
29.3
18.4
19,
22,
29
49
23,
23
220.0
54.6
Net
purchases
Sales
367.6
432.1
226.1
369.7
354.1
376.7
514.1
50.1
1,561.2
1,619.5
1,306.4
1,397.3
2,224.4
1,976.5
-99.2
-51.3
9.3
176.3
-100.9
2,260.2
2,724.0
3,076.2
1,880.2
375.3
664.0
6!9.5
649.2
533.9
980.2
1,433.7
1,363.5
1,16^.8
1,453.6
1,861.5
1,774.8
2,744.6
2,149.1
2,526.5
3,425.3
2,111.9
250.5
193.8
231.0
298.4
246.8
245.3
226.8
269.5
354.8
269.4
277.1
277.7
204.9
324.3
243.6
273.9
323.4
273.7
282.6
226.6
261.9
345.5
318.0
318.7
342.5
300.7
6.1
28.7
35.3
51.3
17.3
72.6
5.6
47.6
9.1
7.7
32.2
23.7
-8.9
-17. Ir
22.6
44.8
45.1
-171.6
-15.8
666.9
739.8
650.2
589.1
1,115.1
3, 06',. 3
-64.
-150.
-144.
-21.
-334.2
-89.1
2.
120.
1
Net
purchases
of
domestic
securities
,
55.
135.0
127.5
<56.0
I42.6
-56.3
362.9
201.7
322.7
111.1
197.5
-349.1
-233.6
-192.2
75.2
944.4
-584.3
314.9
-11.5
149.3
685.2
156.4
141.8
-2.7
1,124.4
378.4
735.7
-668.2
877.8
-510.5
-326.3
-73.8
-49.8
-43.0
-24.9
-27.0
-37.2
-34.7
-100.0
-114.7
-47.4
-31.8
-11.0
-74.7
-16. 9r
15.2
61.0
2.8
-222.2
-91.5
.2
7.6
9.3
-48.5
-41.6
-64.8
-95.8
Through 1949, included with transactions in U. S. Government bonds and
notes.
«
Preliminary.
p
Less than $50,000.
r
Revised.
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Foreign bonds
Foreign stocks
Calendar year or month
Purchases
1946
755.9
658.7
211.6
321.2
589.2
500.4
495.3
542.5
792.4
693.3
606.5
699.0
889.0
945.6
882.9
801.9
1,093.3
990.5
914.8
523.7
1.947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965-January-July p
1964-July
August
September
October
November
December
1965-January
February
March
April
May
June p
July p
p
Preliminary.
70.4
37.4
50.7
251.9
86.2
93.5
48.9
54.9r
46.1
88.1
117.2
96.8
71.7
r
Revl:
Sales
490.4
634.3
291.4
311.5
710.2
801.0
677.4
621.5
841.3
509.4
991.5
1,392.0
1,915.1
1,457.6
1,445.0
1,262.4
2,037.3
2,086.0
1,838.1
1,224.7
75.9
31.8
96.6
399.5
342.2
220.8
107.3
268.7
157. 5r
182.9
145.5
249.5
113.3
Net
purchases
265.5
24.5
-79.8
9.8
-121.0
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026.1
-512.0
-562.1
-460.4
-944.0
-1,095.4
-923.3
-701.1
-5.4
5.6
-45.9
-147.6
-256.1
-127.3
-58.4
-213. 8r
-111.4r
-94.9
-28.3
-152.7
-41.6
Purchases
65.2
57.1
81.7
88.8
173.8
272.3
293.9
310.1
393.3
663.6
749.2
592.8
467.2
566.1
509.1
595.7
702.0
695.6
748.4
540.8
61.2
48.7
49.1
60.3
54.8
72.3
86.5
78.7r
78.0
92.5
69.9
70.9
64.3
Sales
65.6
42.6
96.7
70.8
198.2
348.7
329.6
Net
purchases
Total
purchases
-.4
14.6
-15.0
18.0
821.2
715.9
293.3
-24.4
-76.4
-35.8
6.8
-251.6
-214.3
410.1
803.7
803.8
591.7
965.6
805.9
644.3
548.2
351.1
-336.4
-237.7
-82.6
-370.0
-103.9
763.0
772.7
789.1
852.7
1,185.8
1,356.9
1,355.7
1,291.8
1,356.2
1,511.7
1,392.0
1,397.6
1,795.3
51.2
1,686.1
200.3
189.5
1,663.2
1,064.4
42.2
32.5
42.5
59.3
49.6
59.2
48.1
19.0
131.6
303
644
877
875
621
U.5r
55. 3r
69.2
51.6
35.8
46.6
-126.1
-29.1
16.
86.1
6.
99.8
312.2
1.
5.
13.
38.
34. Ir
22. 6r
23.3
18.3
35.1
17.7
140.9
165.8
135.4
133. 6r
124.0
180.6
187.1
167.7
136.0
Total
sales
Net purchases
of foreign
securities
265.1
39.0
-94.8
556.1
6''6.8
386.2
382.3
908.4
1,149.7
1,007.0
924.9
27.8
-145.4
-377.0
-217.9
-72
-300
-30
1,486.1
1,387.3
1,866.8
2,014.0
2,718.8
2, 26 •'.5
2,036.7
2,228.0
2,843.2
2,730.3
2,386.3
1,575.9
118.1
64.3
139.0
458.8
391.9
280.0
155.4
313. 2r
212. 8r
252.2
197.1
285.3
159.9
-511
-722
-1
,362
-749
-6U
-830
-1,047
-1,044
-723.1
-511.4
13.5
21.8
-39.2
-146.
-251.0
-114.3
-20.0
-179. 6r
-88. 8r
-71.5
-10.0
-117.6
-23.9
September 1965
87
CAPITAL MOVIMENTS
Table
1.-
Section II - Summary by Countries
Short-Term Banking Liabilities to Foreigners!/
(Position at end of period in millions of dollars)
Calendar year
Country
1961
Exirope;
Austria
Belgium
Derunark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 2/
U.S.S.R
Other Eastern Europe 2/
Total Europe
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexi CO
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics ^...
Bahamas and Bermuda 6/
Netherlands Antilles and Surinam...
Other Latin America ^6/
Total Latin America
255.1
326.0
52.1
90.8
988.7
2,8^1.6
67.2
l,23i.l
216.
105.2
99.3
153.
i06.i
874.8
25.9
2,226.6
11.6
326.4
4.8
15.7
10,322.0
2,757.6
234.7
228.2
105.3
146.8
42.5
494.7
86.7
84.0
57.0
418.0
228.0
111.0
88.8
14.9
2,340.5
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
34.6
55.5
77.7
75.6
63.0
1,671.6 7/
199.5
185.0
92.0
264.4
254.6
Total Asia
2,973.6
Africa;
Congo (Leopoldvllle)
Morocco 6/
South Africa
United Arab Republic (Egypt)
Other Africa 8/
Total Africa 8/
Other countries;
Australia
All other 8/
Total other countries 3/
International and regional;
International
European regional 2/
Latin American regional
Total international and regional 2/
Grand total
33.9
93.0
31.7
14.5
110.2
283.3
3
Treasury Bulletin
88
,
CAPITAL MOVEMENTS
,
Section II - Summary by Countries
Table 2. - Short-Term Banking Claims on Foreigners
{Position at end of period in millions of dollars)
Calendar year
Country
1962
1963
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
32.2
13.6
30.1
68.2
186.1
6.5
53.6
26.9
35.0
8.8
19.4
17.8
75.4
41.5
221.4
5.7
19.54/
7.9 4/
Total Europe
877.0
Canada
526.1
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics..
Bahamas and Bermuda
Netherlands Antilles and Surinam,
Other Latin America
Total Latin America
180.9
171
.
186.3
131.4
17.0
407.9
29.5
85.0
122.2
102.1
65.65/
i/
9.2
97. 9i/
1,606.4
Asia:
China Mainland
Hong Kong
,
In dia
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
,
,
,
,
,
Total Asia
Total Africa
Other countries;
Australia
All other
Total other countries
.4
37.0
1,739.9
3.4
70.4
9.3
41.5
80.3
2,017.2
Africa;
Congo
( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
1.7
13.5
19.9
,
2.4
6/
10.3
25.5
6/
6/
41.1
57.26/
136.56/
International and regional
Grand total
5,163.2
7.9
25.5
13.3
52.2
69.5
121.2
9.1
96.8
33.4
40.3
14.2
25.5
30.1
70.0
48.0
236.8
6.6
22.9
15
V
September 1965
89
.
CAPITAL MOVBiIENTS
,
Section II - Summary by Countries
Table 3.- Long-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars)
Calendar year
Country
1962
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
n.s.s.R
other Eastern Europe
1963 1/ 2/
1964 3/
1964
V
:
65.4
11.8
10.0
12.9
134.8
83.5
55.3
64.6
61.8
158.9
50.0
374.3
15.2
265.9
85.8
69.6
109.6
41.8
57.1
53.3
41.7
38.7
135.6
16.4
160.8
24.
80.
13.
31,
5.0
1,
237.8
75.5
48.6
45.2
201.
26.
10.2
39.1
17.6
16.1
82.4
73.1
109.1
37.3
.1
.7
.8
.8
37.9
76.6
37.4
1.1
.9
4.8
8.9
1.9
19.9
3.3
19.9
577.6
Canada
134.9
86.5
56.8
66.1
66.3
159.5
50.3
382.7
15.2
267.9
25.2
19.3
Total Europe
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Pena
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
101.2
1,100.7 2/
17.4
13.3
1,687.7
1,712.6
303.6
289.8
272.6
324. 8r
62.0
253.1
18.5
86.2
267.1
81.6
167.4
16.3
169.1
17.5
46.1
47.3
:
23.4
61.6
64 3
9
194 9
21
5
13 3
1
American Republics,.
Benmida
Antilles and Surinam
America
Total Latin America
5
166 9
9.8 5/
^
7.5
71
I
I
.7y
886.0
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
.6
.6
322.4
25.7
26.0
31.3
56.6
64.2
43.7
4.9
453.0
51.2
47.3
36.9
99.6
91.0
35.8
33.8
1.7
1.3
1,015.3 2/
1,161.9
86.7
.6
512.0r
77.3
49.1
37.0
100.6
99.2
37.2
33.8
5.0
1,272.4r
:
3.0
15.0
27.7
74.3
70.4
.6
3.6
27.4
Total Asia
222.1
Africa
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
1.6
28.3
2.0
30.9
28.2
248.5
3.2
100.8
1.6
3.7
31.3
24.8
384.7
28.6
429.9
3.1
3.7
14^.2
3.4
7.8
443.5 2/
622.8
1.5
24.6
138.0
3.4
7.6
31.4
34.1
684.5
;
Total Africa
Other countries
Australia
All other
.
. .
.
35.0
6/
23.9
1.6
6/
6/
14.0
28.2
.1
15.5
21.2
22.8
.1
.5
.5
69.1
86.3
115.4
112.9
122.7
153.1
60.2
7.6
97.6
66.94^
171.16/
67.7
103.4
:
Total other countries
43.8
5.8
International and regional
Grand total
14.3
.8
2,160.4
3,029.8
V^
3,971.4 3/
,
:
.
Treasury Balletin
90
CAPITAL MOViMENTS
Section II - Summary by CountrlSB
Table 4.- Net Transactions In U. S. Government Bonds and Notes by Foreigners
1/
a net outflow of capital fro m the United States)
(In thousands of dollars: negative figures indicate net sales by foreigners or
n
1965
Calendar year
1965
through
July p
Country
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.
S.
S.
1964
1962
1963
-3,193
-8,231
1,98';
-U,355
-391
-1,379
188
-iO
2i9
588
-2,681
-2,050
17^
79
-16
-13
-1 ,A73
504
-38,758
-16
-154
-126
-112
38, 96';
March
77
-349
-331
-18
119
-65
-107
-42
-20
119
114
156
-425
136
-21
689
June p
47
-5
96
7
-3
-29,808
-45
-14,483
6
-1
32
2
-13
13
9
37
-1
-2,000
-448
-234
29
-lU
12
-89,365
3,377
-65,319
39,405
247
-19
-8,762
85,914
164
-15,686
8,613
17
108,663
1,658
2,168
3,700
79
10
Kay
April
5
-599
98
1,570
226
6
-28
635
-32,920
-130
55.^
February
-5
65
-4
-138
-4
-5
-4
-1
-20
6
3
10
-230
419
20
-15,009
77
7,748
-7,922
64,411
21,950
9,098
29
52
5
5
-2,884
R
-70
-00
-85
-90
-131,512
70,894
-27,589
72,669
-20,122
-8,512
64,560
7.001
lb, 703
U9
296, QOl
3,034
34,872
45,698
-10,326
2,967
-7,920
-2,851
154
-141
64
33
-41
139
266
-65
-6
185
16
142
27
-5
-1
-6
-10
101
49
-7
Other Eastern Europe,
Total Europe.
Canada
-69,
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics . .
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America
Total Latin America
-332
-19
-4
12
-90
6
2
5
5
-39
-153
-50
-76
-25
-312
-335
-798
-9,029
693
-41
-141
-592
-55
-64
-23
268
28
85
317
-14
5U
-492
1,733
825
12
749
1,439
-2,256
-305
-7,289
1,060
787
1,894
-2,829
-39
-476
339
14
-230
2
-26
114
4,009
-950
48
-236
-52
301
-329
357
1,398
1,467
-227
735
2,1U
-186
1,038
-97
4
10
-10
-109
-2
57
-6
13
-1
59
-42
118
76
235
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia.
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa.
26
-818
-21
-80
-10
-76
-25
1
-4,501
1,694
1.785
-55
-1
-5,837
652
1,835
4,063
4,009
-55
-88
153
-1
-1 ,971
1,023
6,805
-19
Total international and regional.
Grand total
1/
P
-2
4,010
1
-1
zio_
537
7
-17
537
17
-441,527
330,574
-105,420
-37,801
33
-102
-79,843
-28,783
-307,840
-50
-7,312
186
96
-521,370
301,791
-315,202
-104.431
-37,801
219
-6
258
-727,989
670,915
-337,716
8,244
-7,429
-16,723
64,689
-693
For exclusions see headnote on page 83,
Preliminary,
_=L.
-14
10
2
, , .
1
6,958
-1 ,972
International and regional:
International
European regional
Latin American regional,.
-3
23
Other countries:
Australia,
All other.
Total other countries
2
12
20
989
258
U,273
Vt
September 1965
Treasury Bulletin h
92
CAPITAL MOVEMENTS
Table
6.-
,
Section II - Summary by Countries
Net Transactions In Domestic Stocks by Foreigners
from the United States)
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflou of capital
September 1965
93
.
CAPITAL MOVaiENTS
,
Section II - Summary by Countries
Table 7.- Net Transactions In Long-Term Foreign Bonds by Foreigners
(
In thousands of dollars; negative figures Indicate net sales by foreigners or a net outflow of capital from
the nnlted States)
Calendar year
1965
Country
1962
Europe:
Austria
Belgium
Deninark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 1/
D. S. S. R
Other Eastern Europe 1/ 2/
:
Total Europe
Canada.
Latin Ajnerica:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
-5,014
3,867
-56,627
-10,899
56,877
10,948
-1,006
-28,399
2,125
-46,623
-63
3,543
-3,037
-2,051
-10,111
-36,191
606
-37,252
-19,018
-459
9,504
30,920
-23,437
1965
through
July p
1964
3,269
American Republics 2/
Bermuda
Antilles and Surinam.
America 2/
^
Total Latin America
February
April
-4,133
-25,017
16,817
18,435
472
-979
-13,233
-9,311
6,979
2,519
10
8
-3
U2
-23,647
484
-2,704
18,555
-6
332
-1,534
-4,822
-9,376
-20,143
-87
2,381
53,477
-149
-47,313
-1,125
-662
-27
-20,100
56, 514
-24,509
-8,909
-17,379
-3,973
6,318
10,321
86,881
-3,057
-11
-19
-174
-14
-U
-44,018
-43,675
77,416
-44,342
-9.488
-12,521
-434,047
-744,318
-768,731
-354,504
107
4,086
1,518
408
9,124
3,298
11,107
2,871
1,093
3,205
-7,499
1,078
838
1,744
-3
-3,304
1,423
24
2,572
-338
29,212
28
27,579
-15,601
541
2,349
281
5
Panajna
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
1963
-12,867
-8,465
-28,413
-8,325
9
-23
1,574
-5,694
3,142
1,679
1,923
456
-a, 596
218
108
3,282
868
-16,222
-1,423
136
555
1,281
1,631
-9,974
1,243
U9
-34,671
-25,734
-35,026
-12,905
1,497
-1,402
1,595
-1
-20
-34,451
-33,577
220
15
28
-3,624
399
2,598
241
-14, 366
76
-1,309
-862
1,977
-315
6
3,030
4,014
6
421
1,225
1,412
205
-1
2,070
1,409
1,254
4,657
-3,096
-3,446
-113
-21
6
-593
1,200
1,383
-1,822
-1,489
-1,114
13
-19,471r
-95,706r
-9
-9
267
5,399
-1
-12,794
-6
79
1,648
1,176
12,980
4
-52,803
-204
-425
310
-526
11,065
-51,991
-42,357
-29,463
-83,265
1,037
75
191
49
1,911
169
-123
54
1,908
-8,244
-257
-47
499
920
597
-90
9
-936
8
454
42
262
352
170
17
335
-2,501
-106
-1,234
651
5,604
192
54
220
-236
-358
-3
-40
14,876
-150
-1,708
-9,874
89
1,927
-8,399
438
1,025
-2,673
June p
2,019
376
-9,387
-200
-3,477
1,015
3,635
51
-6,326
-12,168
-26
-1,363
May
494
10
1
21
2U
-23
-12,812
40
2,359
-194
206
1,467
912
169r
-194
-353
-3,544
-2,022
45_
-1
-3,086r
-6,358
-11,611
8,986
-5,485
51
153
-144
168
-4,495
524
-20
-2,917
-35
-7,684
-20,980
-3,446
2,646
-7,639
-17,043
396
89
15_
26
3,452
-58
118
-10
-66
-291
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
1,046
-63
4
-49,149
-94,191
-700
315
1,000
-1,518
-4,228
-1,792
1,052
2,509
13,060
Total Asia
-147,484
177,251
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
-1
-90,649
6,769
-9,859
50
-14,499
-1
-35,618
205
1,813
9U
-116,572
-3,579
-1,358
96
45
-83,
301
-6
2
y
-9
9
2,691
-1
775
9,435
13,279
4,636
-1
-1
y
y
y
y
-34,383
-27,320
-250
7,500
2,181
2,323
U2
543
65
-47,951
-403
-24,U9
31
1,021
-19,
11
-2
-1
275
15
122
90
153
1,122
6,943
3,476
81
317
26
-22,243
5,019
18,207
2,886
-10,205
2,789
192
4
1,411
57
3,367
668
-22,694
1,102
1,615
912
-48,124
-7,789
21,093
-7,416
196
1,468
4,035
-21,592
2,527
International and regional;
International
European regional 1/
Latin American regional
-166, 347
5,000
-74, 285
-105,270
8,597
23,850
-17,445
-147,506
-172,651
3,954
-178,500
93
,482
255
2,117
1,417
,867
121
8,651
187
Total international and
regional
-235,632
-96,673
-168.697
-178,407
-943,976 -'1,095,440
-700,960
-213,754r
Total Africa
Other countries:
Australia
All other
y
Total other countries 6/
Grand total
_L
y
2/
"Other Western Europe" may include transactions with regional organizations through June 1962, and with some Eastern European countries
through April 1963.
Through April 1963, includes Czechoslovakia, Poland, and Rumania only.
Through April 1963, "Other Latin American Republics" include only
Bolivia, Dominican Republic, Quatamala and El Salvador; data for
!^
2.737
-lll,421r
2,988
8,338
-28,266
-152,703
Latin America.
other Latin American Republics included with "Other
1963.
"Other Latin America" includes Bahamas and Bermuda through
and "Other
Through 1963, "All other" countries include Morocco
"Total Africa."
Through 1963, "Total other countries" include
r Revised.
Prel iminary
.
Treasury Bulletin
94
CAPITAL MOVIMENTS
,
Section II - Summary by Countries
Table 8. - Net Transactions In Foreign Stocks by Foreigners
(In thousands of dollars; negative figures in
f
September 1965
Treasury Bulletin
96
CAPITAL MOVEMENTS.
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners as of July 31, 1965
1/
(Position in thousands of dollars)
Short-term liabilities payable in dollars
Total
shortterm
liabilities
Country
Europe :
Austria
Total Europe
Canada
Latin America
Argentina
Brazil
Other
in
foreign
currencies
Other
94
118,891
3,207
173,795
68
3,109
3,826
31,469
6,758
2,843
56,409
45,226
29,556
36,510
17,206
32,685
76,038
49,195
14,639
96,853
2,758
113,435
1,081
10,815
247
2,065
4,280,174
1,695,213
988,728
629,614
31,881
327,233
1,706,345
592,687
16,287
244,988
180,778
34,840
29,370
115,964
251,127
70,050
43,762
1,021
325,479
20,636
137,124
25,334
408,290
275,381
106,389
46,803
6,464
69,839
240,040
68,499
43,122
1,021
265,440
18,851
136,894
24,265
292,481
200,468
93,162
29,416
6,344
40,089
6,036
11,012
1,551
640
208,272
85,727
115,443
115,603
10,131
282,546
76,061
121,223
91,923
383,596
217,342
68,675
45,083
13,566
12
2,553
1,220
1,014
2,251
120
210,837
87,372
117,089
117,867
10,226
296,069
93,305
122,282
97,899
386,209
221,015
89,668
61,728
13,570
3,761,640
1,833,824
,489,842
188,754
1,925,136
1,835,201
35,535
97,022
86,199
33,759
113,530
2,786,388
87,789
279,805
226,113
500,631
802,600
29,961
43,027
69,771
31,900
106,246
2,757,070
86,066
226,049
215,765
496,968
717,376
29,950
36,463
30,208
25,488
78,984
1,716,261
83,078
208,212
171,373
200,155
435,131
11
5,424
52,135
13,973
1,859
7,256
25,563
1,723
290,992
104,183
14,212
528,223
2,988
17,242
44,392
5,821
178,062
5,574
53,989
14,882
1,859
7,284
28,810
1,723
53,622
10,348
3,659
33,994
10,348
3,659
83,206
550
238
5,049,371
4,780,199
3,015,303
941,506
823,390
7U
257,737
1,575
6,432
17,958
17,332
51,741
24,299
151,166
15,554
14,046
40,734
23,646
124,173
8,796
13,708
40,423
16,232
80,506
6,150
608
338
807
1,064
8,512
2,404
2,461
10,505
634
25,689
18
137
6,350
35,155
2,404
3,286
10,643
634
26,690
53
948
262,496
218,153
159,665
47,655
10,833
43,657
41,693
208
1,756
194,535
24,157
182,802
19,118
79,131
12,194
94,050
4,336
9,621
2,588
10,090
4,961
9,456
3,947
113
150
864
218,692
201,920
91,325
98,386
12,209
15,051
13,403
263
1,385
4,993,820
11,780
139,899
4,993,582
11,780
139,843
280,463
11,072
24,608
4,504,312
238
238
6,731
208,807
708
108,504
56
56
5,145,499
5,145,205
316,143
4,511,043
318,019
294
294
27,778,803
24,198,253
10,506,869
10,626,679
3,064,705
3,483,598
2,958,720
88,667
436,211
1,300,472
308,159
213,814
241,184
234,295
723,573
1,270,981
14,932
2,463,658
15,480
295,927
4,443
24,832
61,300
89,458
124,400
8,300
593,031
934,290
22,000
942,729
177,291
7,267
10,756,533
9,703,633
3,728,246
2,584,572
2,315,319
326,975
338,631
187,211
161,650
11,247
622,917
114,021
259,432
123,254
794,499
497,001
196,217
108,533
20,052
U7,516
Other Western Europe
U.S.S.R
Other Eastern Europe
Treasury
Deposits 3/ bills and
certificates
4,379
34,030
7,675
2,843
62,493
59,823
30,000
38,472
22,139
34,450
76,248
51,842
15,208
162,329
2,758
363,994
1,111
16,563
247
2,124
73,262
182,955
56,850
83,233
269,392
234,117
63,365
295,957
95,646
79,165
161,145
152,206
114,664
380,380
12,144
1,381,950
9,612
58,570
4,128
19,505
2t8,995
103,647
1,088,700
1,362,915
Y'ugoslavia
Treasury
bills and
certificates
244,081
390,440
261,263
100,783
1,022,773
1,297,776
117,515
1,261,850
285,781
179,203
164,932
182,320
708,121
1,104,078
12,174
2,050,003
14,369
279,267
4,196
22,708
Be Igiujn
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
u. s.
U. S.
Deposits 2/
Short-term
liabilities
payable
To aTl other foreigners
To foreign banks and official institutions
27,700
537,100
157,600
109,519
118,027
80,013
9,250
160,350
129,369
32,150
23,164
12,844
92,771
3,787
2,414
56,357
566,098
30
549,162
1,550
46,902
10
329
217
543
2,232
700
3,293
1,660
849
33
106
2,791
12,937
444
1,721
1,419
916
177
2,541
40
6,246
59,230
15,043
235,516
241
5,507
241
3,514
529
30
59
:
ch:i<r
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
American Republics..
Bermuda
Antilles and Surinam
America
Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
75
11,100
65,238
23,400
3,887
11,439
155,228
48,939
1,785
230
1,069
50,571
51,513
9,340
5,948
425
627
8
95
3,766
1,081
299
150
578
360
7,220
5,276
9,757
16,163
760
5,826
2,035
3,313
13,773
11,369
3
1
19,900
70,035
:
Thailand
Other Asia
,
,
,
,
-.
Total Asia
Africa
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
13,700
6,400
13,050
512,586
595
6,564
25,863
12
265,
52, 591
150
748
1,106
909
115
3,132
12
1,019
28
:
Total Africa
Other countries :
Australia
All other.
Total other countries
International and regional :
International
T
European regional
Latin American regional
Total international and regional.
Grand total
1/
2/
For exclusions see headnote on page 83.
Grand total includes $6,545,106 thousand of demand deposits and
$3,961,763 thousand of time deposits, but excludes negotiable time
certificates of deposit, which are included in "Other."
311
2/
1
521
Grand total includes $1,535,989 thousand of demand deposits and
$1,422,731 thousand of time deposits, but excludes negotiable time certificates of deposit, which are included in "Other."
September 1965
97
CAPITAL MOVEMENTS
Table 2.
Section III - Preliminary Details by Countries
Short-Term Banking Claims on Foreigners as of July 31, 1965
(Position in thousands of dollars)
Short-term claims payable in dollars
Loans to:
Country
Total
shortterm
claims
Collections
outstanding
for own
account and
domestic
customers
Foreign
banks and
official
institutions
Total
Acceptances
made for
account
of
foreigners
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
8,150
38,831
19,
Italy
Netherlands
Norway
Portugal
Spain
Sweden
9U
71,492
71,664
174,255
10,870
109 176
39,884
44,466
32,036
52,366
40,487
86,998
41,608
195,424
31,049
25,820
1,898
27,483
,
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe,
Total Europe
7,699
32,663
18,130
71,257
59,624
129,
HO
10,705
102,718
34,061
43,
U8
28,864
51,533
36,095
74,198
41,594
103,735
31,020
25,435
1,891
27,396
2,34^
5,076
2,637
7,657
9,846
36,634
129
38,884
14,682
15,445
7,567
9,010
5,253
U,969
39,
U7
16,847
15,157
1,571
1,877
1,076
13,807
1,546
9
20,009
45,971
1,763
30,049
5,843
6,629
U,869
9,494
1,450
41,816
316
21,746
58
16,441
U,124
2,477
12,614
3,889
3,569
21,144
27,485
8,783
23,206
9,885
3,136
3,13^
20,810
6,008
10,034
1,831
20,116
1,691
4,937
U
1,774
350
10,041
59,986
5,383
17,388
3
3,68d
3,221
15,670
2,901
11,652
21,176
7,090
11,474
14,107
2,486
4U
12,858
1,123,871
930,906
259,154
232,892
185,175
201,246
703,757
488,523
14,444
138,896
11,421
58,997
207,643
113,113
138,657
275,755
16,472
669,525
45,986
114,867
66,578
164,124
208,151
55,523
207,619
113,029
138,427
275,015
16,445
642,166
45,915
113,870
66,564
161,603
208,035
55,105
18,217
36,003
25,424
56,302
28,740
93,439
51,371
106,709
5,080
55,011
91,729
297,868
17,677
13,959
39,708
30,958
39,858
10,506
17,154
19,505
17,013
19,432
68
1,951
U,752
546
2,186
12,837
1,822
2,113,053
2,080,238
593,973
583,829
386,061
469,728
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
739
32,055
20,757
1,369
52,347
,821,523
20,096
190,921
10,589
73,565
94,188
728
31,995
20,446
1,369
50,987
2,757,422
20,096
728
18,022
5,960
5,553
1,034
3,127
3,637
Total Asia.
Canada
..*.....
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics.
Bahamas and Bermuda
Netherlands Antilles and
Suxinam
Other Latin America
Total Latin America
Asia;
China Mainland
Africa;
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa.
Other countries;
Australia
All other
Total other countries
International and regional;
International
European regional
Latin American regional...
Total international and
regional
Qrand total
1/
19,
8U
67,386
100
189,572
U,897
31,866
7,299
51,189
39,260
30,443
U,619
33,531
19,659
16,345
42,147
8,418
40,917
9,376
50,898
81,732
2,025
55
7
10,589
73,562
93,924
23,502
537,763
11,590
90,803
3,202
16,881
25,059
13,956
70,826
109
38,397
631
3,480
12,392
4,737
9,814
1,307
5,731
380,091
7,404
15,967
4,316
6,490
49,195
3,318,U9
3,251,632
733,565
U6,435
485,052
453
1,670
16
93
15,660
39,599
77,334
453
1,670
30,432
38,645
76,968
19,450
24,858
250
184
1,619
138
29,952
187
1,393
11,483
1,082
15,973
150.600
148,168
60,077
32.
U3
30,118
49,676
13,912
45,760
8,070
398
1,779
4,317
1,011
22,588
4,881
63,588
53,830
2,177
5,328
27,469
384
384
11
108
11
108
50
503
503
50
31,
5U
7,473,521
190,
5U
6,953,800
372
11
70
383
1,663,440 1,139,593
1,125,679
Excludes foreign currencies held by U.S. monetary authorities.
90,206
4,451
24,995
8,612
27,366
46,182
7,560
5
6,378
i/
Treasury Bulletin
98
CAPITAL MOVBiENTS
Section III - Preliminary Details by Countries
Table 3.- Long-Term Banking Liabilities to and Claims on Foreigners as of July 31, 1965
(Position in thousands of dollars)
Long-term claims payable in dollars
Long-terra
Country
Total
Total
long-term
liabilities
long-terra
Europe
Austria
Other
Total
claims
;
99,586
100,350
48,137
63,215
65,358
227,843
74,152
351,920
7,481
236,361
84,785
69,291
107,096
47,605
752
88,660
2,072
19,206
12
7,757
99,586
100,350
48,137
63,215
65,358
227,843
74,152
351,920
7,481
236,361
84,785
69,291
107,096
45,749
752
88,660
2,072
19,206
12
7,757
99,536
94,150
48,060
63,022
56,547
227,814
73,920
343,198
7,084
234,351
82,248
65,306
104,606
44,540
730
75,630
1,895
18,644
3,735
232
8,722
397
2,010
2,537
3,985
2,490
1,209
22
13,030
177
562
12
4,022
49,024
1,701,639
1,699,783
1,645,016
54,767
5
356,423
354,661
302,499
52,162
498
76,227
178,404
52,901
77,033
76,227
178,404
52,901
76,858
49,146
126,595
50,638
75,533
594
594
27,081
51,809
2,263
1,325
594
32,879
472,396
65,887
78,892
36,244
79,591
113,316
46,187
28,237
1,942
471,544
65,887
78,892
79,400
113,291
46,187
28,237
1,942
424,358
65,473
74,398
36,176
76,175
112,033
45,980
28,237
1,214
47,186
414
4,494
68
3,225
1,258
207
1,307,851
1,306,608
1,165,956
140,652
2,346
34,434
2,346
34,434
2,346
32,731
Belgiu-Ti
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
4,018
1,000
26,478
i,000
1,539
3,399
8,590
Total Europe
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics..
Bahamas and Bermuda
Netherlands Antilles and Surinam
Other Latin America
1
344
45,000
400
25,000
Total Latin America
104,122
Asia
China Mainland
Hong Kong
36,
2U
50
6,200
77
193
3,811
29
728
:
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
,
1,300
2,520
1,703
5
5
5
28,581
26,829
459,850
2,923
187,979
3,272
5,406
43,873
1,752
22,324
1,290
8,082
307
665
2,507
38,630
130
482,174
4,213
196,061
Other Asia
7,225
3,579
6,071
46,380
28,581
482,174
4,213
196,061
3,579
6,071
46,380
Total Asia
11,175
803,844
803,844
765,214
6,827
500
9,592
128,503
59,965
9,592
128,503
6,822
860
59,956
9,542
122,043
6,460
500
205,747
205,747
199 223
6
1,005
7
124,956
16,502
124,956
16,502
124,549
16,494
1,012
141,458
14?-,
453
141,043
179,500
57
Tliailand
,
,
Africa:
Congo ( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
6,827
860
59,965
Total Africa
Other countries:
Australia
All other
Total other countries
International and regional ;
International
European regional
Latin American regional
Total international and regional
Grand total
,
,
,
,
860
,
57
5
5
97,000
621
621
621
276,500
683
683
621
U2,338
4,517,645
4,512,784
4,219,572
9
50
claims
payable in
foreign
currencies
September 1965
99
CAPITAL MOVMENTS
Table 4.
,
Sect Ion III - Preliminary Details by (k)untr lee
Purchases and Sale s of Long-Term Securities by Foreigners During
July 1965
(In thousands of dollars)
Country
i/
Treasury Bulletin
100
CAPITAL MOVIMENTS
Section IV - Supplementary Data by Countries
Table 1.- Short-Term Llabllitlep to and Claims on Foreigners Reported by Nonflnanclal Concerns
(Position at end of period in thousands of dollars)
Liabilities to foreigners 2/
Eighth revised series
Seventh revised series
Country
December
Decenber
57
2,055
23,191
2,245
1,423
30,632
34,589
2,117
26,057
56,334
2,434
1,265
6,016
6,569
39,632
4,515
126,519
3,443
3,410
130
1,638
26,449
2,799
1,295
33,409
33,885
1,723
25,190
45,833
2,637
786
6,532
8,647
24,926
1,539
100,201
3,672
3,263
183
358
510
315
1,638
26,449
2,799
1,295
33,409
33,999
1,723
25,190
45,833
2,687
786
6,532
8,647
24,926
1,589
100,204
3,672
3,263
188
315
325,027
September
Ninth revised series
1964
1963
1963
1964
September
December
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.
S.
S.
1,718
19,582
3,317
542
31,55i
32,521
2,256
30,296
50,037
2,766
1,106
7,135
8,350
27,139
i,399
117, 68i
2,966
1,961
R
Other Eastern Europe.
Total Europe.
2,292
19,139
1,322
1,082
31,334
32,167
2,416
26,353
43,485
2,120
1,032
6,889
6,934
19,935
4,342
110,036
6,051
893
182
901
2,808
20,883
1,078
1,041
23,165
36,414
4,566
24,480
46,399
2,951
1,070
9,007
7,187
19,034
4,634
101,662
981
2,651
61
587
2,629
20,207
936
783
1,666
19,826
1,848
677
30,735
63,098
3,687
25,605
32,320
1,334
1,580
10,229
3,264
32,984
6,349
101,927
586
4,879
151
1,465
872
26,788
34,452
4,506
22,362
46,052
2,132
1,020
8,428
6,764
13,325
4,435
97,311
751
2,205
60
387
2,633
22,066
1,032
680
30,718
44,390
3,977
27,118
30,592
2,044
1,585
12,452
7,044
35,951
5,456
108,452
637
3,510
89
345,794
373,136
325,144
318,910
315,709
300,672
341,209
349,710
Canada
58,827
61,801
72,271
72,236
67,538
61,938
56,697
59,962
75,674
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics,
Bahamas and Bermuda
Netherlands Antilles and Surinam,
Other Latin America
6,088
19,493
3,531
5,183
494
9,759
10,565
3,842
3,068
26,999
10,533
2,075
9,452
2,209
5,801
20,504
3,511
5,303
396
6,092
16,740
3,474
3,816
25,147
11,154
4,739
9,329
1,502
7,171
13,134
3,237
6,630
202
7,323
20,149
5,383
683
22,120
12,697
1,350
5,686
3,642
7,171
13,134
3,237
6,630
202
7,828
20,149
5,333
683
22,120
12,697
1,350
5,686
3,645
6,105
13,487
3,355
5,816
200
10,515
29,027
5,281
1,484
20,112
9,569
1,968
6,057
4,669
5,545
11,357
3,309
8,256
204
3,058
20,903
6,243
905
21,704
8,918
2,472
7,251
6,395
5,079
10,075
2,961
7,480
168
6,773
20,552
5,298
796
20,789
7,990
2,451
7,181
6,123
3,900
10,965
3,598
6,669
137
8,105
26,034
4,708
660
19,722
10,508
2,461
9,289
4,100
3,278
10,910
4,558
9,567
246
7,193
27,533
6,735
671
15,741
15,114
2,482
5,975
6,148
113,391
117,503
109,912
109,915
117,645
111,520
103,721
110,856
116,151
1,742
1,735
15,951
7,064
1,784
1,469
2,412
13,829
2,570
1,454
23,685
758
4,981
723
1,739
18,051
1,768
2,377
14,036
3,179
2,341
23,412
669
4,826
722
305
21,909
1,588
1,810
13,273
5,083
398
24,596
532
5,462
809
712
21,218
4,463
764
695
19,475
1,297
1,335
15,528
2,946
1,078
31,169
389
6,212
367
601
20,557
1,403
1,873
21,091
4,459
1,342
28,256
Thailand
Other Asia
1,469
2,412
13,829
2,570
1,454
23,665
758
4,981
723
1,739
13,046
1,769
2,352
14,080
5,388
1,053
26,714
3,379
5,140
334
4,479
19,148
1,736
1,790
14,300
2,474
1,408
29,133
970
7,007
536
1,024
20,585
Total Asia
103,563
31,518
71 646
71,671
76,044
30,139
73,150
31,979
87,914
1,117
305
11,213
8,776
13,872
467
669
322
10,484
5,506
560
281
10,478
2,070
5,710
259
10,007
1,896
5,410
3,086
1,306
11,009
1,489
5,099
U,433
8,114
1,046
304
8,954
4,053
6,255
548
11,337
10,096
10,053
669
322
10,432
5,470
3,114
35,283
32,697
25,057
25,095
20,612
19,099~
18,120
21,989
31,314
12,641
4,417
17,715
6,409
16,712
4,315
16,712
5,424
25,442
4,467
27,348
5,872
26,692
5,339
25,920
7,773
24,630
9,319
17,058
24,124
21,527
22,136
29,909
33,220
32,031
33,693
33,949
94
101
190
134
24
124
80
634
32
634
104
45
96
24
,
Total Latin America
Asia:
China Mainland
Hong Kong
India
Indonesia
I srael
Japan
Korea
Philippines
Ta iwan
Africa:
Congo ( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa.
Other countries;
Australia
All other
Total other countries.
International and regional!
International
European regional
Latin American regional
Total international and regional.
Grand total
Footnotes at end of table.
42, ;07
233
24/*
,
505
32
516
4,791
2,623
577
20,983
4,420
369
2,571
9,521
11
327
291
104
158
204
666
666
149
107
674, 243
691,075
625,544
626,405
630,912
622,291
585,057
649,837
694,319
1/
September 1965
101
CAPITAL MOVEMENTS
Table
,
Section IV - Supplementary Data by Countries
Short-Term Liabilities to and Claims on Foreigners Reported by Nonflnancial
Concerns
1.
(Position at end of period in thousands of dollars)
Seventh revised series
Country
1963
June
September
Europe;
A, 989
27,3i6
6,98i
3,269
50,250
105,913
6,082
89,353
27,917
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U. S. S. R
Other Eastern Europe
3,182
3,461
160
3,473
5,527
26,323
4,704
3,369
48,415
105,605
6,951
101,650
24,083
5,555
6,913
25,765
19,477
30,116
6,239
218,488
3,286
4,278
140
2,764
5,U9
6,818
23,046
19,59i
34,849
6,667
200 , 544
Total Europe
629,351
649,648
Canada
917,540
886,524
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics.
Bahamas and Bermuda
Netherlands Antilles and Surinam,
Other Latin America
29,466
103,302
25,945
20,064
5,959
55,511
13,704
18,892
4,950
37,052
37,690
9,614
9,351
10,632
28,303
112,131
22,918
21,696
6,367
53,344
12,629
19,124
4,410
37,678
39,981
10,829
9,675
8,482
382,132
387,567
Total Latin America
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
,
,
,
,
,
,
,
46
3,466
49,356
3,790
6,822
140,000
4,439
11,023
5,588
4,742
44,155
55
4,166
41,656
6,503
7,416
130,108
3,512
10 643
,
3,253
4,072
42,235
273,427
253,619
2,280
1,047
Other Africa
2,353
1,095
8,224
14,809
14,952
9,177
11,959
17,799
Total Africa
41,433
42
Other countries;
Australia
All other
27,599
7,545
,
Africa;
Congo { Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Total other countries
International and regional;
International
European regional
Latin American regional
Total international and regional.
Grand total
35,144
220
2,735
108
3,063
2,282,090
1/
(Con.)
6
s
Treasury Bulletin
102
CAPITAL MOVMENTS
Table lA.
Section IV - Supplementary Data by Countries
Short-Term Liabilities to and Claims on Foreigners Reported by Nonflnanclal ConcernsPreliminary Details as of March 31, 1965 i/
{Position in thousands of dollars)
Claims
Liabilities
Country
Payable
in
foreign
currencies
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Payable in foreign
currencies
Payable
Payable
Total
dollars
Deposits with
banks abroad
in reporter
own name
'
:
229
565
109
355.658
282,229
73,429
799,422
681,125
52,251
06,046
71,354
39,591
31,763
839,902
693,082
26,857
119,963
2,747
10,885
3,645
11,615
1,783
8,730
3,083
10,333
147
5,677
24,263
6,175
723
3,737
7,540
2,392
964
2,155
562
1,277
28
396
537
492
184
14,360
5,094
189
95
33,022
113,034
24,635
25,557
527
1,932
316
694
2,884
639
2,166
2,637
1,280
2,310
45
56
211
68,938
10,842
21,175
9,075
39,971
49,052
8,078
2,857
9.339
30,329
108,465
23,039
22,553
1,227
66,633
10,374
19,243
8,761
34,990
43,436
7,134
2,756
8,987
268
34
27,044
419,686
388,027
12,650
19,009
192
8,141
232
5,101
497
42
62,580
231
300
10,165
965
77
1.073
116
U3
701
,904
,027
,9U
,810
,670
531
,929
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics..
Bahamas and Berimida
Netherlands Antilles and Surinam
Other Latin America
Total Latin America
175
6,073
24,805
6,667
907
13,647
12,634
2,581
5,036
1,571
441
1,591
1,062
3,917
5,838
29,332
6,302
82,169
514
5,327
1.271
4,941
1.060
107,688
80,644
541
3,831
114
1U
4,704
11,397
1,532
6,823
20,863
196
639
987
189
4,612
508
15,501
17
602
4,111
1,001
18,336
1,107
4,448
3,33b
47
218
899
52
2,761
606
15,518
492
2,354
52
313
59
2,072
2,049
300
1,,502
611
155
354
2,792
3,781
847
5,235
630
98
184
1,173
240
310
.
114
45,829
19
2,063
1,61b
41
1,619
255
2.909
3,567
94
:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
.377
,897
,646
,504
1,361
16
193
343
2,921
8,654
45,196
4,924
5,532
8,954
4,980
7,027
61,758
37,438
4,008
5,190
107,976
4,641
13,204
4,737
6,685
50,362
1
Other Asia
,103
605
,140
1,554
18,725
5,333
1,434
17,439
249
4,095
2,044
304
1 5 , 1 86
Total Asia
86,701
67,724
18,977
339,093
426
263
246
253
266
2,016
2,375
962
19,262
16,788
23.896
18,851
138
11,253
9.586
180
213
21,653
1,192
7.570
21.H1
33,639
30,808
2,831
63,283
23,090
8,4U
17,035
7,311
6,055
1,133
31,534
24,346
7,ia
,561
,507
280
,081
Tliailand
Africa:
Congo (Leopol(^ville)
Morocco
South Africa
United Arab Republic (Egypt)....
Other Africa
Total Africa
Other countries:
Australia
All other
;
Total other countries
International and regional
International
European regional
Latin American regional
21 ,906
1,458
171
127
4,068
31
1,986
59
301
50
180,721
4,866
15,242
2,657
419
181
211
131
4,717
6,679
242,624
74,466
22,003
1,593
645
39
168
3,039
1.059
743
149
223
2,496
1,696
53,483
4,493
5,307
32,852
7,996
28,620
6,040
2,429
830
1,803
1,126
40,848
34,660
3,259
2,929
173,976
235,257
:
Total international and regional
Grand total
1/
81
802
30,637
57,687
3,675
9,207
19,580
,030
Total Europe
Asia
81
,3i1
,787
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
286
154
28
43
,031
1,105
21,391
,084
,207
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
4,957
15,324
8,975
5,589
52,197
91,721
4,874
74,711
24,523
6,155
7,256
37,118
20,406
25,543
10,739
279,231
5,882
2,805
1,282
1,787
6,745
16,089
9,158
5,986
55,990
113,838
6,828
84,394
28,489
6,300
7,658
39,190
20,698
23,614
11,509
340,578
6,393
7,222
1,282
2,461
,6i6
,222
,685
585
U
111
20
62
64
64
686,638
525,406
Beginning with the May 1965 issue, the detailed breakdown as of the most
recent date for which data are available is shown in this section.
161,232
173
173
2,502,407
2,093,174
'
,
September 1965
103
CAPITAL MOVEMENTS
Section IV - Supplementary Data by Countries
Table 2.- Foreign Credit and Debit Balances in
Brokerage Accounts
(Position at end of period in thousands of
dollars)
Credit balances (due to foreigners)
Country
December
1961
December
1962
December
1963
December
1964
Debit balances (due from foreif;ner=!
June
1965
December
1961
December
1962
December
1963
53
68
367
116
1,689
148
il.urope;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 1/....
n. s. s. R
other Eastern Europe 1/ 2/.
Total Europe
Canada
16i
2,232
203
19
S.iU
3,936
214.
2,305
9,556
2,951
456
1,763
333
274
2,128
140
12
5,246
3,109
355
2,039
4,083
971
233
2,522
71
4
6,562
3,350
195
2,884
4,296
1,507
331
3,738
408
1,542
246
5,332
3,431
726
2,953
2,166
623
456
535
340
W,311
1,907
798
42,857
33
53
U7
35
9,291
9,363
1,803
439
47,015
34
12,510
10
11
1,310
27
778
100
256
223
16
77,269
75,262
85,208
99,518
9,164
3,846
1,115
776
943
470
34,
1,559
81
113,087
,764
1,187
50
22
7,542
3,655
196
2,4^3
5,529
997
325
2,538
2,089
303
44,157
15,105
Latin America
Argentina
»
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics 3/.
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America
ij
141
2,309
134
12
5,839
2,601
159
1,674
5,640
1,090
526
53,560
193
10,901
10
1,381
140
1,032
65
16,342
3,433
2,861
760
3,431
2,060
661
53
'1,010
4,967
1,056
4,186
4,645
403
December
1964
113
977
152
14
3,939
4,858
503
3,845
2,437
210
38
1,816
678
15,239
105
6,937
June
1965
296
1,060
195
28
3,937
4,125
966
4,718
3,186
19
585
242
34
1,878
367
17,334
328
6,837
2
789
52,675
42.888
46,403
18,203
20,022
21,325
26,564
1,198
737
471
218
168
1,335
1,792
1,331
558
657
287
1,436
865
403
555
2,260
752
531
294
9
1,491
2,006
704
1,274
2,272
947
635
648
100
12,573
13,923
10
29
53
1
11,215
15,832
160
3,047
203
11,791
36
9
311
276
38
258
460
1,6?3
432
13,029
58
2,563
270
14,665
54
253
565
12,125
14
7,942
11,223
3
60
521
541
642
47,436
37,637
11,371
19,314
2,636
897
536
647
65
2,059
2,560
448
1,384
3,806
1,004
1,361
2,101
86
1,065
1,372
866
337
176
1,973
2,333
1,231
1,989
1,625
1,602
1,784
174
2,964
1,236
885
090
18,918
409
36
;
.
,
^
Total Latin America
1,308
1,755
341
1,706
1,606
968
1,077
2,377
757
1,498
323
1,097
871
499
417
53
3,066
1,596
423
1,545
2,086
633
487
1,900
359
16,379
18,752
17,422
15,037
186
2,218
44
54
348
102
35
77
93
3,129
103
4
2,589
775
9
4
4,002
3
24
112
375
10
223
,336
43
36
47
523
351
2,288
2,085
349
2,764
2,371
19°
V
830
479
321
2,278
2,156
475
2,478
3,045
24A
k/
79
3,157
2,159
365
1,566
3,738
552
626
20,
y
660
2,195
y
7
2,634
1,495
303
1,316
1,577
539
6
2,481
1,992
414
224
893
2,674
626
431
2,236
197
1,257
93
13,951
14,165
529
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa
Congo { Leopoldville )
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
194
163
19
177
57
67
414
70
41
178
482
3
2
68
43
207
32,275
42
52
630
117
12
110
14
37
668
336
4
101
54
52
18
866
76
2,101
2,032
,557
2,233
1,193
39
73
1,553
4,002
6,110
6,268
6,056
7,360
34,475
14,036
46
147
18
382
23
23
62
4
332
34
28
70
12
558
601
449
702
20
55
36
30
4D9
485
128
44
8
161
85
40
141
38
16
2,593
2,555
2,638
19,789
11,639
15,574
55
2
;
Total Africa
Other countries;
Australia
All other
V
Total other countries 6/,
6
25
83
6
127
49
y
y
y
y
y
y
i/
119
17
y
y
y
693
40
y
y
12
75
354
105
19
10
551
71
26
23
366
76
73
14
493
1,097
505
666
202
504
87
618
129
188
172
253
338
76
125
556
419
923
114
222
183
128
341
76
301
906
317
425
414
817
2,075
336
311
417
109,034
116,024
139,455
120,960
34,524
107,842
90,621
103,794
International and regional.
Grand total.
1/
2/
y
149,374
"Other Western Europe" may include balances with some Eastern European
countries through December 1962.
Through December 1962, includes Czechoslovakia, Poland and Rumania
only,
Through December 1962, "Other Latin American Republics" include only
Bolivia, Dominican Republic, Guatemala and El Salvador; data for
other Latin American republics included with "Other Latin America."
y
y
y
Through December 1962, Bahamas and Bermuda are Included with "Other
Latin America."
Through December 1962, "All other" countries include Morocco and
"Other tfrica."
Through December 1962, "Total other countries" include "Total
Africa."
.
,
Treasury Bulletin
104
CAPITAL MOVBffiNTS
Table 3.
-
Section IV - Supplementary Data by Countrlep
Short-Term Banking Liabilities to Foreigners in Countries and Areas
Not Regularly Reported Separately!/
(Position at end of period in thousands of dollars)
Dec ember
Country-
1961
1962
657
617
728
5,632
2,906
10,830
1,729
1963
April
196i
December
196i
April
1965
"Cthei- Western Europe"
Cyprus
Gibral tar
Iceland
Ireland, Republic of
1,2A2
3, US
3,2iO
16,111
3, ill
Luxembourg
Monaco
722
1,657
6,974
10,696
7,361
2,687
1,063
695
4,700
5,990
8,598
2,4^8
275
243
1,558
1,140
1,524
1,115
421
368
8,899
1,650
1,557
1,419
781
1,453
1,838
356
411
13,522
1,379
2,236
149
1,121
981
1,365
1,713
400
377
10,560
2,352
1,633
1,027
1,576
1,495
432
328
9,735
1,922
1,321
5,667
22,472
3,077
29,127
58,037
53,449
47,862
12,940
20,031
5,564
34,963
8,892
41,690
2,286
35,050
35,909
40,649
62,082
65,091
17,312
26,292
4,689
52,255
8,396
57,781
5,487
43,186
31,495
55,815
67,060
48,702
14,348
26,044
6,994
42,393
11,377
56,023
7,367
53,054
23,567
47,256
65,220
71,567
15,437
32,991
7,820
67,419
12,075
71,653
8,622
9,043
1,044
11,665
1,310
6,344
643
7,983
1,104
16,047
1,387
2,757
5,288
3,563
4,995
1,397
9,865
6,931
3,101
472
23,505
19,849
2,792
46,539
8,818
76,320
24,104
2,059
17,341
21,722
61,710
2,111
12,127
3,344
4,178
1,592
22,103
2,130
3,664
4,029
n.a.
5,491
2,046
32,508
1,491
2,410
6,348
2,546
n.a.
1,694
2,723
n.a.
61,972
574
906
5,173
8,697
17,384
4,110
759
1,509
7,U9
6,321
20,052
3,588
"Oth^rr Eastern Europe"
Albania
Bulgaria
Czechoslovakia 2/
Estonia
Hunga ry
Latvia
Lithuania
Poland 2/
Rumania 2/
Soviet Zone of Germany
178
1,170
851
1,638
1,029
504
31B
7,205
1,507
1,263
"Other Latin American Republics"
Bolivia 2/
Losta Rica
Dominican Republic 2/
Ecuador
Guatemala 2/
Haiti
Honduras
Jamaica
Nicaragua
Paraguay
Kl Salvador ?/
Trinidad and Tobago
26,173
13,284
22,835
23,595
45,773
9,865
14,769
1,840
17,345
4,874
21,936
1/
"Other Latin America"
British West Indies
French West Indies and French Guiana
14,042 3/
533
"Other Asia"
Aden and South Arabia
Afghanistan
Bahrain
Burma
Cambodia
Ceylon
Goa
Iran 2/
Iraq
Jordan
Kuwait
Laos
Lebanon
Malaysia
Nepal
Pakistan
Pyukyu Islands (including Okinawa)..
Saudi Arabia
Syria
Viet-Nam
"Other Africa"
Algeria
Ethiopia ( including Eritrea )
French Somal iland
Ghana
Guinea
Ivory Coast
Kenya
Liberia
Libya
Malagasy Republic
Mauritania
Mozambique
Nigeria
"Portuguese West Africa"
Somali Republic
Southern Rhodesia
Sudan
V
T'inisia
"Other countries"
New Caledonia
New Zealand
1/
2,435
3,616
574
4,501
15,297
6,470
902
31,349
20,190
1,608
27,124
4,636
52,283
7,557
981
10,065
14,599
24,871
2,558
7,906
,
504
11,061
776
1,063
1,258
,
23,182
16,498
42,028
36,283
40,865
10,487
13,776
3,255
32, 567
14, 838
i,a5
2,468
12,606
4,858
110
18,742
8,489
1,161
33,033
14,007
65,873
18,368
1,106
15,850
17,030
28,384
4,894
10,057
903
22,275
1,740
6,433
853
936
2,109
22,009
14,084
1,607
17,045
758
4,068
540
389
n.a.
1,360
21,864
5,421
326
440
1,550
21,772
419
1,662
6,469
1,990
1,216
17,619
5,496
639
21,048
2,510
26,796
656
571
6,774
2,432
10,881
1,407
3,967
4,685
n.a.
561
11
992
32,
U3
1,011
6,323
376
645
914
17,844
14,893
423
98
23,422
21,601
2,715
56,363
4,978
84,194
22,167
1,954
23,056
25,566
197,229
7,583
19,043
1,529
33,736
1,583
5,589
395
1,367
2,574
20,011
28,921
638
29
23
4,374
2,492
975
1,378
17,286
2,975
824
4,501
2,018
798
2,505
15,726
4,432
508
3,367
2,232
949
1,362
10,475
1,783
18,824
1,691
11,956
1,361
17,811
2,450
840
32
52
33,361
22,870
2,737
49,921
6,533
108,063
24,336
2,049
16,076
31,588
150,950
5,742
17,914
180
662
409
669
1,264
n.a.
1,392
312
n.a.
11,525
n.a.
1,316
n.a.
n.a.
51,972
4,951
113,223
36,295
n.a.
24,799
32,678
288,036
3,179
19,708
2,090
45,200
889
5,127
455
n.a.
1,872
17,622
26,759
n.a.
n.a.
1,608
n.a.
4,629
820
3,564
2,219
988
n.a.
19,706
Through 1962, except as noted, data are based on reports from banks in
2/ Reported by banks in all Federal Reserve Districts.
the Second (New York) Federal Reserve District only, and include funds
Data for Trinidad and Tobago Included with British West
held in an account with the U. S. Treasury; subsequent data are as reported
Indies.
by banks in all Federal Reserve Districts. They represent a partial
Includes data reported for Malawi (formerly
Nyasaland) and Zambia
breakdown of the amounts shown for the corresponding dates for the
( formerly Northern Rhodesia)
"Other" categories in the regular monthly aeries in the "Treasury Bulletin." n.e.
Not available
y
September 1965
105
CAPITAL MOVIMENTS.
Section IV - Supplementary Data by Countries
Table 4.- Purchases and Sales of Long-Term Securities by Foreigners
(In thousands of dollars)
During Calend ar Year 1964
Purchases by foreigners
Domestic sec\irities
Country
Total
U.
S.
ptirchases Government
bonds and
notes
Corporate and
other
Bonds
Sales by foreigners
Foreign securities
Bonds
Domestic securities
Total
sales
Stocks
U.
S.
Government
bonds and
notes
Stocks
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
D. S. S. R
Other Eastern Europe
17,7i6
81,283
11,793
5,991
191,823
155,020
2,399
75,701
233,^05
31
902
i7,7U
19,107
33,875
71,2^2
1,194,931
111
22,012
7,028
249
3,555
3,951
391
2,604
5,648
17,342
47
685
18,976
45,559
13
201,168
12,826
38,203
2,602
317
145,021
62,767
1,813
4'*,
572
135,096
5,270
4,741
24,724
6,085
4,360
24,200
48,873
65
24,515
12,240
17,131
146
10,997
23,137
153,134
149
67,713
152
16,766
123
64
16,337
38,654
99
3,108
77,158
1,481
92
1,242
3,752
41,595
500
81
10,614
1,089
10,375
34,019
15,029
30,301
231,200
110,496
2,406
92,589
164,697
88,202
17,205
33,425
149,484
1,317,516
12,733
1,140,490
4,332
55,867
1
41
,
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
2,313
1,166
473
22
462
202
1,444
558
3,i70,148
357,939
303,816
2,105,003
439,026
264,364
3,562,351
385,528
1,978,871
737,935
116,235
527,357
159,192
438,152
2,637,678
734,901
33,342
16,949
11,181
13,033
39
203
60
13,525
3,046
1,231
3,841
836
1,033
1,395
322
58
5
27
74,436
49,167
8,333
29,382
45,262
11,553
48,295
102,994
4,575
393
741
940
155
504
283
1,022
818
103
1,138
18,121
12,399
8,332
8,549
18
31,112
19,636
11,675
7,317
8,162
72
111,580
61,440
6,763
28,187
39,547
25,654
43,252
100,246
3,420
45
18
44
25
321
213
163
296
448,610
1,U1
357
956
2,851
3
6,257
20,092
27,804
7,403
29,531
86,056
2,874
6,662
14,741
2,138
10,022
3,167
1,401
98,649
22,995
466,951
4,312
2,444
513
12,450
85,334
4,419
629
107,706
20,891
5
61
609
10,754
lU
6,4U
10,021
15,257
3
31
369
2,020
240
2,716
262
1,050
10,000
4,551
301,
12,539
3,935
1,576
216,767
17,790
3,112
122,421
50,828
17,616
281,390
15,955
4
54
219
520
874
1
158
10
6,415
199
791
2,591
1,571
5,919
1,466
2,517
3
105
457
264
723
9
5
7,116
23,537
14
2,654
24,502
8,429
290
6,428
9,079
276
11,071
25,130
5,121
19
4
1,538
1,380
19,258
2,901
4,315
784
52
3,693
1,539
30,251
784
23
2,913
22,159
4,367
5,232
172,519
6,805
988
15,514
16,930
10,366
129,030
6,805
679
438,251
24,314
155,806
3,312
16,502
16,930
10,366
135,835
679
6,349,461
1,149,400
460,663
3,076,181
914,768
748,449
Excludes transactions in nonmarketable U. S. Treasury bonds, foreign
currency series.
See "International Financial Statistics," Table 2.
Note;
207
17,310
11,733
1,746
2,867
45,305
2
Total Africa
Total international and regional
4,034
149
1,906
2,909
Grand total
296
236
255
897
79,301
715
160
2,253
3,113
123
1,103
423
186
35,013
232
Total other countries
1,191
9,770
247
34
89,142
2,742
400
12,402
39,662
128
2,238
2,196
10,209
57,614
8,271
International and regional:
International
European regional
Latin American regional
20
6,052
1,594
939
1,335
1,356
773
4,450
2,235
117
27
100
24
124
,--.
9,065
35,357
2,874
224
769
7,389
1,930
14,190
Other countries;
Australia
All other
211,908
UO
43,
5,122
110
73
13
62,550
Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
(
930
2,628
39,410
379
99
111,377
3,651
12, ''65
297,822
1
Canada
1
801
2,757
250
1,140
549
25
18,573
20,840
3,365
942,615
402
632,671
6,139
30,949
577
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics...
Bahamas and Bermuda
Netherlands Antilles and Surinam,
Other Latin America
Africa:
Congo
26
1,388
128
3,263
6,490
1,261,924
6,720
57,730
Total Europe
Total Latin America.
1
202
2,855
250
2,710
775
618,371
7,533,044
30
2,006
470
2,505
85
80
25
.
.
Treasury Bulletin
106
.CXJMULATIVE TABLE OF COnTENTS.
October 1964 through September 1965
Issue and page number
1965
1964
Nov.
II
Reporting bases.
Articles:
Treasury financing operations
Summary of Federal fiscal operations.
Apr.
Jan
II
II
May
June
July
Aug.
II
II
II
II
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
1
1
1
1
1
1
1
1
1
1
1
Administrative budget receipts and expenditures
Receipts by principal sources
Detail of miscellaneous receipts by major categories
Chart - Internal revenue receipts by principal sources
Expenditures by agencies
Interfund transactions excluded from both net budget receipts
and budget expenditures
Summary of appropriations and authorizations, expenditures, and
balances, by agencies
Expenditures and balances by functions
Expenditures by functions
Detail of excise tax receipts
Summary of internal revenue receipts by States, calendar year 196;+
;
Trust and other transactions:
Summary of trust and other transactions
Trust receipts
Trust, deposit fund, and Government-sponsored enterprise
expenditures
Investments in public debt and agency securities ( net)
Sales and redemptions of Government agency securities in
market (net)
Interfund transactions excluded from both net trust account
receipts and net trust account expenditures
Federal Old-age and Survivors Insurance Trust Fund
Federal Disability Insurance Trust Fund
Railroad Retirement Account
Unemployment Trust Fund
National Service Life Insurance Fund
Investment of specified trust accounts in public debt securities,
by issues ^latest date June 30, 1965 )
3
10
12
12
10
10
11
12
13
13
11
12
13
14
1?
13
U
14
15
13
14
13
14
15
16
16
17
13
16
14
15
16
14
18
19
16
17
22
23
18
19
16
17
20
18
19
24
2C
25
21
13
19
11
11
,
10
10
11
11
12
13
10
10
10
10
13
14
15
15
16
17
15
15
16
20
17
16
21
21
18
17
22
17
22
23
19
20
13
18
23
24
19
24
20
20
25
25
26
22
22
23
21
21
26
23
27
28
24
29
25
30
26
28
30
31
33
35
28
30
32
27
29
34
40
39
46
36
43
43
49
47
53
55
59
,
11
12
10
10
17
17
10
10
u
It.
1''.
1-
13
19
1?
,
Consolidated cash transactions:
Summary of Federal Government cash transactions with the public.
Intragovernmental and other noncash transactions
Account of the Treasurer of the United States:
Status of the Account of the Treasurer of the United States
Analysis of changes in tax and loan account balances
Summary of cash transactions through the Account of the Treasurer
of the United States
Debt outstandling
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
21
26
25
23
24
25
:
Statutory debt limitation
.
Public debt operations:
Maturity schedule of interest-bearing public marketable securities
other than regular weekly Treasury bills
Offerings of Treasury bills
New money financing through regular weekly Treasury bills
Offerings of public marketable securities other than regular
weekly Treasury bills
Securities issued in advance refunding operations
Allotments by investor classes on subscriptions for public
marketable securities other than regular weekly Treasury bills...
Disposition of matured public marketable securities other than
regular weekly Treasury bills
Foreign series securities (nonmarketable) issued to official
institutions of foreign countries
Foreign currency series securities (nonmarketable) issued to
official institutions of foreign countries
(
21
21
22
27
27
28
23
23
24
21
21
-6
22
27
23
29
30
24
25
26
22
23
24
27
28
25
31
27
26
32
31
27
29
23
23
24
21
21
22
26
26
27
23
24
25
22
23
24
27
28
29
24
25
26
22
23
24
26
25
30
26
29
31
32
34
36
33
31
33
35
17
34
38
39
43
36
40
34
38
40
45
46
41
46
43
41
50
44
49
46
61
58
51
56
53
65
62
55
60
57
Continued on following page)
26
29
30
26
29
27
31
29
33
31
32
34
36
36
41
34
39
44
43
44
42
47
44
51
47
45
50
51
58
54
52
57
55
62
59
57
62
39
\o
September 1965
^cxmjlat:
Treas.
HJ
U.S. Treasury Dept.
10
.A2
Treasury Bulletin
1965
C.2
S
I..Jt^w^i
@FedFRASER